Market News
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Banks back 1 000 MW coal fired power project in Kenya
Posted on :Tuesday , 9th August 2016
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 $300-million for the project.The coal pl. . .East Africa: Brazil Keen On Links With East Africa
Posted on :Tuesday , 9th August 2016
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 Kenya, especially in construction, energy and solid waste management sectors,&quo. . .
France invests $37m in Kenyan power developments
Posted on :Monday , 8th August 2016
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] financing will support the installation of renewable energy generation units. . .Chinese firm launches construction of Ethiopia-Kenya power project
Posted on :Friday , 5th August 2016
A Chinese company has commenced the construction of a major power transmission line project which will link grids of Ethiopia with Kenya.
The firm, China Electric Power Equipment and Technology (CET) announced it has launched the construction of the $ 1.26 billion mega project this week.The 500 KV transmission line which originates in Ethiopia&rsq. . .Kenya: Chinese Firm to Establish Prepaid Power Meter Factory
Posted on :Friday , 5th August 2016
A Chinese firm plans to construct a factory in Kenya for prepaid meters to supply power utility firms in East Africa as it eyes big cash from the expanding billing market.Kenya Power chief executive Ben Chumo says the firm has sought the electricity distributor's advice on how to align their production with local market specifications.. . .Please Select an Option
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