Market News

 The European Union has donated about Sh13.94 billion (123 million euros) for geothermal exploration in Kenya, head of European Investment Bank Catherine Collin has said.   Speaking yesterday during a site-visit to Olkaria VI in Naivasha , Collin said the bulk of the funds will expand th . . .

 British investors are targeting projects worth about £500 million (Sh64.47 billion) in renewable energy sector, UK prime minister's trade envoy to Kenya and Tanzania Clive Hollick has said.   The projects are mainly in solar, wind and biomass power, areas where the country has und . . .

 Kenya Power transformer suppliers will have to shift to converters that contain aluminium windings, as opposed to copper ones currently in use as the utility firm moves to tame vandals who have cost it dearly.   The electricity distributor says its suppliers will now be required to adhe . . .

 The Geothermal Development Company (GDC) broke the loss making streak to post Sh1.6 billion net profit in the full year ending June 2015 after inking a deal to sell steam from its Olkaria wells to the government. The State-owned firm generated its first revenue of Sh2.5 billion in the period . . .

 The Geothermal Development Company (GDC) broke the loss making streak to post Sh1.6 billion net profit in the full year ending June 2015 after inking a deal to sell steam from its Olkaria wells to the government.   The State-owned firm generated its first revenue of Sh2.5 billion in the . . .