Market News

Two Kenyan power companies have received a Sh164 million grant from former US President Barack Obama's Power Africa initiative to maximise generation of geothermal and solar electricity, known as green energy.   The US Trade and Development Agency, under the Power Africa initiative, on Thursd . . .

Kenya is among the countries poised to lead in wind energy investment in Africa this year according to a new report.   Global Wind Energy Council (GWEC), the international trade association for the wind power industry, says Kenya is setting the pace in the region in the use of wind as a renew . . .

The African Development Bank (AFDB) has unveiled plan to invest $12 billion over the next five years under its new electrification programme. The fund will support its New Deal on energy for Africa which aims to achieve universal access to Africa by 2025. The plan was born out of the Energy Week . . .

Kenya's demand for electricity will rise at an annual average of 7.9 per cent over the next decade, the latest research indicates.   BMI Research, a company that provides macroeconomic, industry and financial market analysis said growth would be driven by the rising number of those who are ge . . .

African states and stakeholders have been urged to invest more in the power sector and close the continent's energy deficit.   Africa Progress Panel chairman and former UN Secretary-General Kofi Annan and the African Development Bank (AfDB) chief, Akinwumi Adesina, made the call during the la . . .