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. . .

African Development Bank Commits $25 Billion to Strengthen the Renewable Energies Sector

Posted on :Friday , 26th April 2019

Renewable energy, especially solar energy, is the key to driving Africa's economic development and combating climate change, said the African Development Bank (AfDB) president, while providing $ 25 billion in a new climate funding between 2020 and 2025.

AfDB said the funds would be used to boost investment in renewable energy projects . . .

East Africa's Power Output poised to reach 7,480MW by 2022

Posted on :Wednesday , 3rd April 2019

 By 2022, the East African Community (EAC) will have a combined generation of 7,480 MW of electricity. This is set to be accomplished through a $ 2.5 billion funding from the African Development Bank (AfDB)  for infrastructure projects in the region. According to multiple sources, th. . .

Electrified Africa, burgeoning market

Posted on :Wednesday , 3rd April 2019

As power rolls out across continent, ranks of appliance consumers swell rapidly.

With a population of more than a billion and increasing access to power, sub-Saharan Africa could present a massive market for electrical products and services – sectors that are among Hong Kong’s fortes.

In its 2017 World Economic Outlook, the International Energy Agency (. . .