Market News

 Japanese multinational Toshiba Corporation has concluded an MoU with the Tanzania Geothermal Development Company Limited (TGDC) to develop geothermal power in the East African nation geothermal simon pixabayTanzania has vast reserves of untapped geothermal energy, which Toshiba hopes to capit . . .

Kenya Power and Lighting Company has secured a Sh6 billion loan from the French Agency for Development (AFD) to finance expansion of the electricity distribution network.   The expansion, which will take place in Mombasa, Kisumu and Nairobi, is expected to boost KPLC's reliability and transla . . .

CHICOL Estates, an integrated poultry farm in Lusaka's Twin Palm area, has embarked on a thermal power plant feasibility study which will result in electricity generation from chicken droppings.   Estate director Aaron Chungu said there are plans to set up a thermal power plant using chicken . . .

Tanzania has been recently considered by Frost & Sullivan, a US based consulting firm involved with market research for growth strategies in different industries, within a list of seven countries in Sub Saharan Africa (SSA) with a big potential to scale up power demand in the country by the usage of . . .

France has revealed its plans to spend “billions of euros” on renewable energy and environmental projects in Africa over the next five years  hydelproject GiselaGiardino flickrFrance is keen to develop clean energy projects such as solar, wind and hydro in Africa. At the ongoi . . .