Market News

  • Kenya Announces Green Hydrogen Roadmap and Strategy with Support from EU and Global Gateway

    Posted on :Wednesday , 13th September 2023

    At the inaugural African Climate Summit in Nairobi, President of the European Commission Ursula von der Leyen and President of Kenya William Ruto unveiled the Green Hydrogen Strategy and Roadmap for Kenya, in collaboration with Global Gateway, Europe’s investment initiative for global sustainability.


    The comprehensive roadmap, developed with expertise from . . .

  • Kenya Seeks a $150 Million AfDB Loan for Power

    Posted on :Tuesday , 5th September 2023

    Kenya is seeking a Ksh21.66 billion ($150 million) loan from the African Development Bank (AfDB) to connect homes to electricity under the 3rd phase of the Last Mile Connectivity project.


    The AfDB disclosed that the Treasury has applied for the $150 million in a review of the programme to be rolled out before the end of this year to light up an estimated 150,000 homes in 45 c. . .

  • ACTOM Kenya Launches Low-Voltage Electrical Equipment Manufacturing Plant

    Posted on :Wednesday , 16th August 2023

    ACTOM Kenya has launched low-voltage electrical manufacturing plant the company’s Power Technics Complex along Mombasa Road in Nairobi.


    ACTOM recently acquired the manufacturing facility from existing technology partner Schneider Electric. The factory will manufacture high-quality low-voltage electrical and mechanical equipment.


    Chief Exe. . .

  • Kenya: Construction of 35-Megawatt Menengai Geothermal Power Project Starts

    Posted on :Thursday , 29th June 2023

    The government broke ground on the construction of a 35- MW Menengai Geothermal Power Plant in Nakuru County as it seeks to grow clean energy sources.


    The project was officially opened by Deputy President Rigathi Gachagua on 9th June.


    President William Ruto's administration is betting on geothermal power sources to transition the country to a 100% transitio. . .

  • Kenya, Tanzania to Establish $309 Million Electricity Transmission Line by Year-End

    Posted on :Monday , 14th August 2023

    • Kenya and Tanzania to establish a $309 million electrical transmission line for importing and exporting electricity.  


    • The transmission line will have a transfer capacity of 2,000 megawatts, enabling the two countries to share excess power.  


    • The completion of the Kenya-Tanzania connectio. . .


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