Market News

 Ghana has admitted that it is privatizing the country's power utility as part of conditions to access foreign funding, barely six months after it dismissed reports about the move. The government is holding a series of stakeholder meetings to consider concession or partial privatization of the . . .

Ethiopia plans to expand industry, sugar factories and power production using proceeds from its oversubscribed debut Eurobond that raised $1 billion, the finance minister said on Tuesday. Ethiopia is the latest African state to receive a strong response on its first foray into the international deb . . .

Kenya may soon be home to the largest wind project on the continent of Africa. Danish wind company Vestas won a contract to provide 365 turbines for a 310 megawatt wind power project in Kenya. The Lake Turkana Wind Power project will be the largest of its kind in Africa, and is expected to generate . . .

The governments of Zambia, Kenya and Tanzania have signed an MoU for US$1.2bn to for a power interconnector project between the three countries. The upcoming project would link the Eastern African Power Pool with the Southern African Power Pool. Christopher Yaluma, minister of mines, energy and wa . . .

Kenya Power will Tuesday begin the search for suppliers of street lighting material, bringing a Sh10 billion project to light up Nairobi closer to reality. The electricity distributor plans to install 54,029 street lights in several parts of the city. It has already received the first tranche of Sh . . .