Market News

Kenya Power has posted a 6 per cent increment in net profit to Sh7.43 billion for the year ended June 30.   Net earnings for the previous year stood at Sh6.99 billion.   The utility's jump in profits was supported by increased electricity sales and a review of the electricity tariff th . . .

SUBSTANTIAL investment in the energy sector is set to increase electricity generation to make history the long overdue power blues that have been contributing to cost of doing business. TIB Development Bank entered into a deal with the state owned Power Company (TANESCO) to release and arrange a sy . . .

 The African Development Bank Group (AfDB) has boosted electricity access in rural Uganda following the approval of  US$ 121m loan to finance the project.   According to AfDB, the funds are expected to help in the improvement of livelihoods, growth of the economy and allow access to . . .

Many African countries are in the grip of a nuclear fad. They believe nuclear energy will bring with it an international currency of prestige. Countries with nuclear energy programs are seen as rich and technologically advanced and as a result possess advanced status compared to other developing cou . . .

 DNV GL has created prelimary wind atlases for Zambia, Tanzania and Maldives as part of a World Bank-funded energy management programme to encourage wind energy generation  windenergy blickpixel pixabayThrough maps, DNV GL can provide investors with verifiable and tangible information on . . .