KENYA: Co-Operative Bank Secures $7.5m Guarantee For Green SME Finance

Posted on :Thursday , 21st October 2021

The African Guarantee Fund (AGF) has signed a loan portfolio guarantee agreement with the Co-operative Bank of Kenya (CBK) for $7.5 million. The guarantee facility will enable CBK to finance green small and medium-sized enterprises (SMEs), particularly in the supply of solar photovoltaic energy.

The Co-operative Bank of Kenya, a Nairobi-based financial institution, is launchi. . .

Safaricom Aims to Be Kenya Power's Latest Meter Installer

Posted on :Tuesday , 16th November 2021

According to Reuters, the telecommunication filed a proposal with utility Kenya Power for the installation of smart meters with the purpose of reducing non-revenue electricity and enhancing grid monitoring and management.

The 330,000 smart meters, transformers, and feeders that Safaricom is planning to install will see USD 651.23 million in return on investment over a period . . .

East African Energy sector boosted by recent positive global investments

Posted on :Monday , 13th September 2021

The East Africa region is increasingly becoming an area of interest in the eyes of international investors in energy projects from around the world. 

The recent substantial FDI influx in the East African energy sector has re-ignited the global appetite resulting in the rising number of delegates exploring the region through channels like the . . .

Kenya To Gain From $94m EU Geothermal Power Fund

Posted on :Tuesday , 24th August 2021

Kenya is among countries set to benefit from €80 million ($94 million) funding from the European Union investment arm to increase geothermal power production.

The European Investment Bank an investment arm of the EU approved the funding targeting private sector-led geothermal power projects in East Africa.

The funding will benefit projects in Kenya and. . .

Kenya Aiming To Double Geothermal Capacity By 2030

Posted on :Thursday , 22nd July 2021

When Kenya opened the Olkaria power plant 4 decades ago, it was seen more as a research project than a commercial venture. The facility is located in Hell’s Gate National Park, a barren zone of volcanic rock that is permeated by sulphurous gases and is mainly populated by warthogs and zebras. The untested and costly geothermal technology was experimental at best, with the 1st unit expecte. . .