Market News

 Kengen will soon commission its expanded Ngong wind power plant to scale up contribution from renewable sources. The wind farm, which was put up in three phases near Nairobi, has been generating 5.5MW to the national grid. Speaking in Naivasha yesterday, Kengen CEO Albert Mugo did not give the . . .

Despite slow growth globally, local economic growth is expected to increase to at least 3% over the next three years, President Jacob Zuma said on Tuesday. "[This is] because we expect the electricity constraints to ease," he told reporters at the Union Buildings in Pretoria. It was estimated tha . . .

 Authorities of the Liberia Electricity Corporation (LEC) received a delegation from the HYDROCHINA INTERNATIONAL ENGINEERING CO., LTD., on Tuesday, August 4, 2015 as a follow up to a MOU signed between the LEC represented by its Chairman of the Board of Directors and the HYDROCHINA INTERNATION . . .

 Four Tanzanian companies are among 11 beneficiaries in Africa of one-million-US-dollar grant from the US President Baraka Obama’s Power Africa initiative to expand their renewable energy solutions to rural communities.   Power Africa said in a statement that the beneficiaries in T . . .

 Power cuts in 15 Sub-Saharan African countries could become an “exception” rather than a norm in 10 years time, with private capital expected to play an increasingly bigger role, according to a survey by PricewaterhouseCoopers (PwC) released yesterday.   The survey found tha . . .