Market News

 American engineering firm Cummins Inc has set October as the date to begin generating electricity from a toxic shrub popularly referred to as ‘Mathenge,’ after more than two years of false starts blamed on mechanical hitches.   The Columbus-based company said it is working t . . .

The construction of an alternative main power transmission line will restart soon and be complete by November to end nationwide power outages like the one experienced over the weekend. The set up of the Sh2.64 billion, 400-kilovolts Suswa-Nairobi power line under the project will help address devas . . .

Industrial & Commercial Bank of China (ICBC) and Standard Bank of South Africa have concluded a deal to finance a $2-billion, 1 000 MW Amu coal-fired power plant, in Kenya.   ICBC, which has committed $1.2-billion to the project, has a 20% stake in Standard Bank, which will make available $30 . . .

Arusha — Brazil, an economic giant of South America, is keen to promote stronger economic ties with East Africa, its ambassador to Tanzania Carlos Alfonso iglesias Puente revealed here on Tuesday.   "The Brazilian business community already has a significant presence in Tanzania and Ken . . .

 On Monday, Kenya entered into an agreement with France for a sum of $37 million to facilitate the development of the east African country’s power sector through renewable power mini-grids.   The French embassy in Kenya said in a statement: “This 33 million euro [$37 million] . . .