NAIROBI – KENYA requires $2 billion (Sh182,5 billion) to generate an additional 5 000 megawatts of electricity in two years.
Posted on : Wednesday , 21st January 2015
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A Kenyan green-energy company has become the first firm in Sub-Saharan to win the Zayed Future Energy prize in the enterprise and SME category.
M-KOPA Solar was announced the winner at the opening ceremony of the annual Abu Dhabi Sustainability Week. The Zayed Future Energy Prize brings with it a US$1.5 million (Ksh133 million) prize. M-KOPA Solar will use these funds to launch a training and development program called M-KOPA University, which will provide world class techni.... Read more »
Posted on : Wednesday , 21st January 2015
Egyptian private-equity company Qalaa Holdings SAE is investing $70 million to accelerate the movement of rail cargo carried from East Africa’s busiest port, as it faces competition from a new Chinese-backed link.
Posted on : Wednesday , 21st January 2015
Old Mutual PLC Friday said it is buying a 23.3% stake in Kenya-based UAP Holdings Ltd, an East and Central African financial services company, for KES8.88 billion, or about USD97.6 million, part of its strategy to expand in Africa.
Posted on : Wednesday , 21st January 2015
Tullow Oil and Africa Oil say they plan to drill 6 basin openers in North Western Kenya’s North Lokichar basin, Kerio basin as well as in North Turkana according to the latest presentation by Africa Oil.
Posted on : Wednesday , 21st January 2015
Completion and the commissioning of treatment plants natural gas – February 2015;
Posted on : Wednesday , 21st January 2015
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Germany is to fund construction of the proposed 6.5MW Maziba hydroelectric power dam in the western district of Kabale, Prime Minister Dr Ruhakana Rugunda has said.
Rugunda told residents of Kyanamira sub-county recently that a contractor had already been secured for the $12m (Shs 34bn) project on river Maziba, 10km east of Kabale town. A 1.6MW plant built at the site in 1966 was decommissioned in 2002.
Posted on : Wednesday , 21st January 2015
Vast amounts. Mozambique alone is estimated to have gas reserves of up to 4.25 trillion cu/m and Tanzania potentially as much as 1.41 trillion cu/m (Petroleum-economist). But in a global economy where commodity prices, consumer demand and ‘timing to market’ are crucial, there is no guarantee that even these amounts can be commercialised in the foreseeable future. However, for both countries the prize is great. In an article written by Nadja Kogdenko - East Africa: The Ne.... Read more »
Posted on : Wednesday , 21st January 2015
Global PV developer, Solarcentury, is formalising its growing operation in East Africa by joining forces with Kenyan firm, East African Solar, to form Solarcentury in East Africa.
The new company will deliver solar projects throughout East Africa, where solar is emerging as a promising alternative to expensive diesel-generated power.
Posted on : Wednesday , 21st January 2015
Dubai — Access Power MEA a power project developer for the Middle East and Africa, and EREN, a leader in renewable energy, last week announced the launch of Access Infra Africa, dedicated to investing in the early stage development of power projects in Africa writes JOHN SAMBO
Access Infra Africa will be the largest privately funded vehicle of its kind. The partners intend to implement an ambitious development plan leading to the realization of a portfolio of power ass.... Read more »
Posted on : Wednesday , 21st January 2015
Dubai — Access Power MEA a power project developer for the Middle East and Africa, and EREN, a leader in renewable energy, last week announced the launch of Access Infra Africa, dedicated to investing in the early stage development of power projects in Africa writes JOHN SAMBO
Access Infra Africa will be the largest privately funded vehicle of its kind. The partners intend to implement an ambitious development plan leading to the realization of a portfolio of power ass.... Read more »
Posted on : Wednesday , 21st January 2015
Less than a month after Uhuru Kenyatta was sworn in as Kenya's new president, his administration is planning to revoke rules passed in 2012, which impose 35% local equity shareholding in the country’s mining licences, reports Business Day.
Unlike most African governments, Kenyatta’s is not seeking larger ownership stakes in foreign miners with the upcoming mining bill, which will eventually replace the existing, obsolete Mining Act of 1940 later this year..... Read more »
Posted on : Tuesday , 20th January 2015
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