Market News
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Development Finance Institution In UK to Invest $300m in African Power Networks
Posted on :Monday , 10th June 2019
The UK government’s foreign investment tool, CDC Group, said it would provide more than $300m in a new business to expand electricity networks in Africa, which is one of the biggest hitches to economic development in the world’s indigent continent.
CDC chief executive Nick O’Donohoe said, Gridworks Company to get launched soon, and it will make fundi. . .
Toshiba ventures into Kenya Market
Posted on :Friday , 10th May 2019
Toshiba Corporation has announced the establishment of its new branch office in Nairobi, Kenya, under Toshiba Africa, the company’s main subsidiary based in South Africa. The branch office will start operations from May.
Toshiba established subsidiary Toshiba Africa in 2014, and has been aiming on its business expansion in the sub-Sahara region. The company has since pro. . .
Better returns for Africa as it is contributing to improved use of renewable energy power across the continent
Posted on :Friday , 3rd May 2019
Developing economies everywhere Africa measure during a distinctive position to leapfrog a lot of developed nations by finance in cleaner, environmentally friendlier sources of power at a lower price - main factors conducive to improved use of renewable energy power across the continent.
However, renewable energy resources hold nice promise and might give energy whe. . .
ACUMEN RAISES $70 MILLION TO FUND CLEAN ENERGY IN EAST AFRICA
Posted on :Friday , 26th April 2019
Acumen is a New York based non profit company that invests in sustainable and socially minded companies around the world.
Established in 2001, Acumen has invested more than $115 million in 113 companies across Africa, Latin America, South Asia, and the United States Acumen Capital Partners a subsidiary of Acumen recently announced a $70 million funding for KawiSafi ven. . .
THE ENERGY SECTOR MODERNIZING THEIR LEGISLATIVE FRAMEWORK IN KENYA
Posted on :Wednesday , 3rd April 2019
The frame work which has guided the exploration and production is established by the Petroleum Act 2019 in Kenya.
The piece of legislation that has been updated will govern the production, contracting and exploring of petroleum resources in Kenya, even including natural gas and crude oil. The approval into the law of Energy Bill2017 as well as petroleum Bill2017('The Acts") b. . .
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