Market News

  • Kengen Ramps up Plans to Build Solar Panel Production Plant

    Posted on :Wednesday , 19th January 2022

    Electricity generating firm KenGen is gearing up to start production of solar panels.

     

    The company is looking to tap into the growing demand for solar power products locally while diversifying its revenue streams.  

     

    KenGen in December 2021 started the search for a company to construct a manufacturing plant at its Tana Power Station in Murangâ&euro. . .

  • Solar Freezers for the Win at the Afcfta Caravan Prize-Giving

    Posted on :Thursday , 18th November 2021

    The African Continental Free Trade Area (AfCFTA) Caravan Prize celebrates Africa’s SMEs, start-ups, social enterprises and innovator entities keen on harnessing the benefits that will be created by AfCFTA to expand continentally and flourish at the grassroots. Growing out of the earlier AfCFTA Vision and Caravan Africa competitive grants programmes, the Caravan Prize aims to . . .

  • KENYA: CDC, Norfund, Standard and Citi Provide $75 Million Credit to Greenlight

    Posted on :Thursday , 18th November 2021

    British investor CDC Group is partnering with Norfund, Standard Bank and Citi to open a $75 million line of credit for Greenlight Planet Kenya, the subsidiary of Greenlight Planet. The company will use the local currency financing to accelerate the deployment of its solar home systems in Kenya.

     

    Good news for Greenlight Planet. The Kenyan subsidiary of the solar home systems p. . .

  • AFRICA: Alphamundi Finances The Growth Of Solar Energy Provider Redavia

    Posted on :Wednesday , 20th October 2021

    Redavia is receiving funding to accelerate the roll-out of its services in Africa. The company that provides solar power for commercial and industrial (C&I) customers is getting $1 million in mezzanine financing from AlphaMundi. The Geneva, Switzerland-based impact investment firm is investing in Redavia via AlphaJiri. The Mauritius-based fund was set up by AlphaMundi to provide debt, mezza. . .

  • Huawei launches smart solar energy solution for Kenyan households

    Posted on :Tuesday , 21st September 2021

    Chinese telecom firm Huawei has launched an integrated solar energy solution for Kenyan households amid a quest to promote carbon neutrality in the country.

    CEO of Huawei Kenya Will Meng said the launch of LUNA 2000, the flagship product of Huawei FusionSolar Residential Smart PV Solution, will ensure that residential premises have access to affordable and cleaner sources of energy.

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