Market News

  • Sun King's $130mln Securitisation Deal to Fund Kenya's Off-Grid Solar Sector

    Posted on :Thursday , 1st June 2023

    Sun King, a provider of solar energy products for off-grid homes in Africa and Asia, has closed the 1st Kenyan-Shilling-denominated securitisation deal, injecting $130 million into the East African nation’s off-grid solar energy sector.


    The 4 year deal is issued under Sun King’s sustainable financing framework, allowing the company to sel. . .

  • Shakti Pumps Starts Operations in Uganda To Supply Solar Pumps

    Posted on :Wednesday , 24th May 2023

    Shakti Pumps (India) Limited, a leading manufacturer of stainless-steel submersible solar pumps, pressure booster pumps, pump-motors, controllers, and inverters among other products, has expanded its presence in another export market with the commencement of operations in Uganda and opened a branch office in the country. Dr. S Jaishankar, the External Affairs Minister along with the esteemed Ug. . .

  • Kenya to Combat Rural Energy Access Gap with Over 130 Solar Minigrids

    Posted on :Wednesday , 26th April 2023

    The Kenyan Government, in partnership with the Kenya Off-Grid Solar Access Project (KOSAP), is developing 137 solar minigrids svtodd 12 of the country’s 14 counties.


    The project is financed by the World Bank, which approved an International Development Association (IDA) credit of US$150 million to fund the project back in 2017.


    The solar . . .

  • Rural Women Farmers Benefit from Solar-Powered Irrigation Project

    Posted on :Wednesday , 29th March 2023

    At least 103 women from 3 women-led smallholder farming communities from rural Uganda have benefitted from an innovative solar-powered irrigation system to enable them enhance their yields and climate resilience.


    The beneficiaries are Kaihura Women Farmers Association (KAWFA) in Butiiti Sub-county, Kyenjojo District, and Nebbi Women Horticultural Farmers Association (NWOHOFA). . .

  • Kenya’s Kisumu Solar One Project to Commence Operation in 2024

    Posted on :Wednesday , 29th March 2023

    Ergon Solair Africa Limited, a company with US-European-Kenyan ownership, is developing the Kisumu Solar One 40MWAC Solar Project in Kibos (Kajulu), with planned commissioning and operation in 2024. The project, which is endorsed by the Government of Kenya, is planned to have a capacity of 40 MWAC with single axis tracking, on a 249 Acre land, located 8 km from the Kibos new Sub Station. The pr. . .


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