Market News
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Kenya Power Prepares $2 Billion Budget for Upcoming Mega Projects
Posted on :Monday , 12th December 2016
Electricity distributor Kenya Power has prepared a $2.17 billion (Sh219.1 billion) budget for the implementation of capital intensive projects in the next five years.
The utility firm, in its blueprint, states that the funds will be used to adequately supply power to 10.8 million customers by 2021, more than double the 4.8 million clients currently connected to the . . .Kenya: Kengen to Invest in Renewable Energy Projects Worth Sh800 Billion
Posted on :Friday , 2nd December 2016
Nairobi — The Kenya Electricity Generating Company (KenGen) plans to add 721Megawatts (MW) of electricity from geothermal and wind sources to the national grid in the next five years at a cost of Sh800 billion.
KenGen MD and CEO Albert Mugo, said the additional capacity was in line with the government's efforts to make power accessible and affordable.<. . .Kenya: Sh70B Wind Energy Project to Bring Down Power Costs
Posted on :Wednesday , 30th November 2016
NAIROBI, KENYA: Kenya’s quest for cheaper power is beckoning with Sh70 billion Lake Turkana Wind Power (LTWP) project expected in the second quarter of 2016.
Speaking during the Power in East Africa Summit, Phylip Leferink, and General Manager of the project said he is happy with the progress in the transportation of turbines to the site from the port of Momba. . .AFRICA - THE NEXT GROWTH MARKET
Posted on :Thursday , 24th November 2016
Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructure. This rapid economic growth is what is creating substantial new business opportunities i. . .
Turkish Exporters Target Africa
Posted on :Wednesday , 23rd November 2016
At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries.
Africa has recorded an annual growth rate of 5 percent over the last d. . .
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