Market News

 The Ugandan and two companies from Germany and France has signed a US$ 76m agreement that will see the construction of the Muzizi hydro-power project come to birth and help in providing power to more than 60,000 homes.   Germany Development Bank (KfW) and the French Development Agency a . . .

 The effort of constructing power plants in Kenya has started paying off following a drop in imported electricity  from Uganda, Energy Regulatory Commission (ERC) has announced.   According to data from (ERC), Kenya has only imported 27.97 million kilowatt-hours (kWh) from Ethiopia . . .

 Kenya and Turkey have exceeded forecasts for harnessing geothermal energy, but other developing countries, including Indonesia and the Philippines, are lagging behind on leveraging the renewable power source, a new analysis shows.   If developing nations are to carry out the planned exp . . .

 Germany has announced support for the renewable energy sector in Tunisia applauding the country for adopting the green energy.   According to German’s Parliamentary State Secretary to the German Federal Minister for Economic Co-operation and Development Thomas Silberhorn during hi . . .

 Plans to construct nuclear power plants in Kenya are expected to see the country shift from geothermal and hydropower to nuclear power so as to ensure future security and growth; this is according to the Ministry of Energy.   Energy Principal Secretary Joseph Njoroge confirmed the repor . . .