Market News

 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. &nb . . .

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 the . . .

 Kenya and Ethiopia have started the construction of a Sh126 billion power line that will run between the two countries.   The 1,045 kilometre line will have a transmitting capacity of 2,000MW and is expected to be completed by December 2018. Kenya Electricity Transmission Company (Ketra . . .

 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 . . .

 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 . . .