Market News
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KEPSA Signs Large-Scale Green Energy Projects Mou in Kenya
Posted on :Friday , 17th December 2021
The Kenya Private Sector Alliance (KEPSA) has signed a Memorandum of Understanding (MoU) with green energy company Fortescue Future Industries (FFI) to help facilitate its members participation in new large scale green energy projects in Kenya.
FFI, a wholly owned subsidiary of Australian iron ore company Fortescue Metals Group Limited (Fortescue), is in the process of assess. . .
Kengen’s Plan To Advance Renewable Energy In Kenya
Posted on :Wednesday , 17th November 2021
Speaking during the Accelerating Clean Technology Innovation and Deployment panel discussion at the COP26 World Leaders Summit in Glasgow, Scotland, MD and CEO of KenGen, Rebecca Miano said the company is committed to the fight against climate change and is supporting the Government of Kenya’s ambition to achieve 100 per cent utilisation of renewable energy by 2030.
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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 . . .
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