Market News

A memorandum of understanding (MoU) has been inked by Kenya and the US in regards to the safe and secure deployment of nuclear technology. Sealing the deal took place in Vienna, Austria, during the 2024 International Atomic Energy Agency (IAEA) General Conference. Musalia Mudavadi, the Prime Ca . . .

Kenya's urban areas, enlightened by electric lights, and rural settlements, shrouded in darkness, were drastically separated for decades. This lack of electricity restricted chances for education, stunted economic growth, and hampered development in large parts of the nation. The Rural Electrif . . .

The country experienced heavy rains in April, which led to a 23.2% rise in the generation of hydropower one of the most affordable forms of electricity. The Energy and Petroleum Regulatory Authority (Epra) reported that 358 million kilowatt-hours (kWh) were produced by the 13 largest hydropower unit . . .

According to Davis Chirchir, cabinet secretary for energy and petroleum, the amount of electricity produced went from 2,351 MW to 3,312 MW. At the same time, the number of customers connected to the electricity increased from 6.78 million to 9.21 million, meaning that both on- and off-grid connectiv . . .

The nation's energy distributor, Kenya Power, announced that it will invest a total of 1.93 million US dollars over the next three years to promote the use of electric vehicles (EVs) in Kenya. According to Kenya Power Managing Director Joseph Siror, the investment pays for the development of ch . . .