Market News
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Kenya inks deal with France to boost electricity access
Posted on :Wednesday , 3rd August 2016
Kenya has inked a deal worth $37 million with France in a bid to add renewable power through mini grids. The deal is meant to boost electricity access to millions of Kenyans who are still not connected to the grid.
“This 33 million euro financing will support the installation of renewable energy generation units (primarily solar photovoltaic, but also in. . .France lends Kenya sh3 7b for energy production
Posted on :Wednesday , 3rd August 2016
In a major boost to the country’s efforts to transition from dirty and expensive fossil fuel to clean energy, the wind and solar energy project is expected to reduce the average cost of electricity production by an average of 20 per cent.
French Foreign Affairs Minister Jean Marc Ayrault, who is on an official visit to Kenya, witnessed the signing of the financing agre. . .
Kenya, France Sign Sh3.6bn Deal for Northern Kenya Power Grid
Posted on :Tuesday , 2nd August 2016
Nairobi — Kenya and France Monday signed a deal of Sh3.63 billion for power grids in Northern Kenya counties, boosting the government's efforts to provide affordable power to all Kenyans.
President Uhuru Kenyatta and French Foreign Minister Jean-Marc Ayrault witnessed the signing of the Credit Facility Agreement at State House, Nairobi.. . .Kenya: Sh4 Billion Network Upgrade Planned As Power Lines Go Underground
Posted on :Tuesday , 2nd August 2016
Kenya Power is set to roll out a massive electricity grid modernisation plan in major towns to stabilise power supply as more customers are hooked to the main network.
An elaborate plan seen by the Nation will see the network within Nairobi and its outskirts taken underground.The five year plan running until 2020, will cost Sh4 billio. . .AFD, DTB to Support Investment in Renewable Energy Technologies
Posted on :Thursday , 14th July 2016
Small and medium enterprises (SMEs) that are interested in investing in renewable energy technologies will now receive soft loans from the French Development Agency through Diamond Trust bank (DTB).
Agence Francaise de Development (AFD) and DTB have signed a credit agreement worth Shs 33bn to finance green energy projects in the country. Yves Boudot, the regional di. . .Please Select an Option
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