Market News
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Kenya: President Strikes Multi-Billion Investment Deals With U.S. Firms
Posted on :Tuesday , 29th September 2015
Kenya has secured commitments amounting to billions of shillings from American companies to increase power production and finance infrastructure projects.
Some of these projects have already been initiated.
President Uhuru Kenyatta said the commitments were secured during a morning meeting with the American companies under the umbrella Business Council for Internat. . .New African Development Bank President Adesina looking to mobilize $55B for energy projects on the continent
Posted on :Friday , 25th September 2015
African Development Bank President Akinwumi Adesina, who took over this month, said he’s aiming to eliminate Africa’s energy deficit by 2025 by mobilizing $55 billion of investment.
Termed the “New Deal for Energy in Africa,” the continent’s largest development bank said the plan will significantly raise its support for energy projects and that its p. . .East Africa: Construction of Muvumbe Hydro-power Dam kicks off
Posted on :Friday , 25th September 2015
The construction of the US$ 18m Muvumbe Hydro-power Dam in Uganda has kicked off. Located in Kabale District, Kigarama village in Nyanja parish, Maziba Sub-county, The mega project will be constructed by Vidullanka PLC from Sri Lanka.
The ground breaking of this important project was presided over by the Prime Minister, Dr. Ruhakana Rugunda who hailed th. . .Kenya: Lake Turkana Power Farm to Produce 90 Megawatts Next Year
Posted on :Thursday , 24th September 2015
Kenya will get the first 90 megawatts from Lake Turkana Wind Power project in 2016 when the first production will be loaded onto the national grid.
The biggest wind farm in sub Saharan Africa will run into full capacity in April 2017 transmitting a total of 310 megawatts to the national grid through a 428km overhead line that is being constructed by the Kenya Electrical Transmiss. . .Rwanda waits for methane power unit
Posted on :Thursday , 24th September 2015
KIGALI, Rwanda - Rwandans will soon benefit from a project that generate electricity from heating methane gas on a floating platform.
The project is being done in two phases and contracted to KivuWatt, a subsidiary of ContourGlobal.
Recently the company announced in the local media that completion of the first phase will be done by October.
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