Market News

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 wi . . .

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 . . .

 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 infras . . .

 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 record . . .

A senior official at the Vision 2030 secretariat want Geothermal Development Company (GDC) to fast-track the process of generating steam power at the Menengai fields in Nakuru County.   This, he said, will speed up the country's ambitious flagship project of providing Kenyans with green energ . . .