Kenya seeks to dominate in the supply of LPG by constructing the biggest import and storage gas facility in Mombasa and licensing more private companies to compete with Tanzania which has dominated the business for years in the region.
The announcement to construct a 25,000 tonnes storage facility by the Kenya Pipeline Company (KPC) which will connect to the Sh42 billion new Kipevu Oil Terminal 2 (KOT) at the port of Mombasa comes few days after Kenya banned impor.... Read more »
Posted on : Monday , 27th June 2022
Business in Kiambu County is set to receive a major boost following plans to erect over 20,000 street lights through an ambitious programme by a gubernatorial aspirant.
Through his 24-hour economy blueprint, Thika MP Patrick Wainaina plans to put into action a programme that will make it easier for business people to transact and minimise security risks.
Wainaina said he will work closely with Kenya Power and Lighting Company to achieve the scheme while installing elec.... Read more »
Posted on : Monday , 27th June 2022
From agreements signed during the 2021 African Investment Forum, East African governments would collectively benefit from investments totaling at least USD 8.77 billion in transportation, healthcare, energy, and agriculture, among other areas.
The African Development Bank (AfDB) organised the three-day conference in collaboration with other financial institutions including the Africa Export-Import (Afrexim) Bank and the African Finance Corporation, and 43 investme.... Read more »
Posted on : Thursday , 23rd June 2022
At its Kabulwanyele nickel-cobalt project in Tanzania's Mpanda District, Resource Mining Corporation Ltd. is getting set to start a first drilling operation.
In the project area, the business gathered 254 soil samples and 19 rock chip samples last year from all tenements.
This programme identified a 2 km long nickel-cobalt target that roughly coincides with a nickel laterite body that has previously been mapped.
18 holes total.... Read more »
Posted on : Thursday , 23rd June 2022
Kenya is making progress in building green. According to a report published by the International Finance Corporation (IFC), the World Bank Group’s subsidiary, buildings certified as Edge (Excellence in Design for Greater Efficiencies) save at least US$5 million (Kshs 585 million) on their electricity bills each year.
Specifically, these buildings are being built based on solutions that reduce electricity consumption by implementing energy efficiency or self.... Read more »
Posted on : Wednesday , 22nd June 2022
Kenya-based CrossBoundary Energy Access (CBEA), a mini-grid infrastructure investor, has raised US$25 million from ARCH Emerging Markets Partners Limited, Bank of America and Microsoft Climate Innovation Fund to back renewable energy projects across the continent.
In this round, ARCH made a US$10 million equity investment as Microsoft and Bank of America injected US$15 million mezzanine financing — a debt that can be turned into equity.
T.... Read more »
Posted on : Wednesday , 22nd June 2022
Turkey exports to Kenya include household appliances, processed foods, construction materials, and iron, while Kenya exports mainly agricultural products to Turkey, including coffee, tea, and fresh fruits.
Trade between Kenya and Turkey is flourishing and on track to reach both governments’ target of USD 1 billion, according to Ahmet Cemil Miroglu, Turkey’s ambassador to Kenya, on a visit to Turkish suppliers and businesses at Tatu City, the 5,000-ac.... Read more »
Posted on : Wednesday , 22nd June 2022
According to Kenya Ports Authority, the second phase of the Sh32 billion Port of Mombasa's second container terminal, which began in September 2018, has been finished (KPA).
The port authorities revealed the information after confirming that the project had been completed by the Japanese contractor, Tokyo Construction Company Limited. Representatives from Tokyo Construction Company met with KPA officials and checked the project's completion, led by Hironari Sahara.... Read more »
Posted on : Wednesday , 22nd June 2022
• EEP signs 100MW sales agreement with South Sudan
• The first step of the power purchase plan is a feasibility study
• The study is to be completed within a year, and construction within two years
Ethiopian Electric Power (EEP), the country’s state-owned power company, has signed an agreement to sell 100 MW to South Sudan for the next 3 years. The MoU is critical to satisfying electricity demand .... Read more »
Posted on : Monday , 20th June 2022
Renewable energy producer Sosian plans to commission the Menengai III geothermal power plant in December 2022. Located in the Rift Valley in western Kenya, the plant will have a capacity of 35 MWe.
The share of geothermal energy in Kenya’s electricity mix is expected to increase before the end of 2022. Sosian Energy, the developer of the Menengai III geothermal project, plans to commission a steam plant during December 2022. This promise was made by company.... Read more »
Posted on : Monday , 20th June 2022
Kenyan potatoes will be on the menu at Kentucky Fried Chicken (KFC) in the coming month. The Kenya Private Sector Alliance (KEPSA), the Agriculture Sector Network (ASNET), and the American fast food company all intervened.
ASNET chairman Bimal Kantaria said they contacted KFC's leadership and, in collaboration with the Kenya Potato Council, devised a strategy for KFC's utilisation of Kenyan potatoes.
Chairman of the Agriculture Sector Network (A.... Read more »
Posted on : Tuesday , 14th June 2022
The Competition Authority of Kenya (CAK) has given unconditional regulatory approval to Africa-based investment holding company Ramco Plexus to purchase flexible packaging film maker Platinum Packaging.
Platinum Packaging, founded in June 2009, is a 50/50 joint venture between Ramco Group and Carton Manufacturers.
The company has locations all around Kenya and controls a 7% portion of the country's flexible packaging and labelling market.
.... Read more »
Posted on : Friday , 10th June 2022
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