Market News
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Gas discovery in Africa to boost energy export
Posted on :Monday , 2nd November 2015
A recent Gas discovery in Egypt is likely to put the country back to its former position where it used to export energy. This follows the discovery of huge Zohr natural gas field at the coastline of the country.
Discovered by oil exploration company Eni, The move will see the country back into exporting liquefied natural gas (LNG), making the bright spot of de. . .Kenya Power Net Profit Rises to Sh7.4 Billion
Posted on :Friday , 30th October 2015
Kenya Power has posted a 6 per cent increment in net profit to Sh7.43 billion for the year ended June 30.
Net earnings for the previous year stood at Sh6.99 billion.The utility's jump in profits was supported by increased electricity sales and a review of the electricity tariff that became effective at the start of December 2013.Amu Power confirms construction of coal fired power plant in Kenya
Posted on :Friday , 30th October 2015
A consortium that is tasked with the construction of a coal fired power plant in Kenya Amu power, has confirmed that the building of the plant in Lamu will commence next year in January.
Amu Power is a company formed by a consortium of Centum and Gulf Energy.The community liaison officer for Amu power Aboud Sheikhalifa con. . .AFDB boosts electricity access in rural East Africa
Posted on :Wednesday , 28th October 2015
The African Development Bank Group (AfDB) has boosted electricity access in rural Uganda following the approval of US$ 121m loan to finance the project.
According to AfDB, the funds are expected to help in the improvement of livelihoods, growth of the economy and allow access to social services in rural areas as public institutions get connected to the n. . .Despite Threats, Africa is Looking to Nuclear With Russia and Chinas Help
Posted on :Tuesday , 27th October 2015
Many African countries are in the grip of a nuclear fad. They believe nuclear energy will bring with it an international currency of prestige. Countries with nuclear energy programs are seen as rich and technologically advanced and as a result possess advanced status compared to other developing countries.
Nuclear is not new to Africa. It has been active since the 1950s when the . . .Please Select an Option
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