Market News

Siemens has penned down a power plant construction deal with Egypt to fund of the power project that they are set to construct in the country. The financial closure agreement with German industrial giant Siemens will see Orascom Construction, and El-Sewedy Electric fund the construction of three . . .

The Kenya International Investment Conference is set to take place in Nairobi on November 23-25, showcasing investment opportunities.   The country is already attracting a multitude of global investors and over the past 12 months, we have seen a rise in interest in the agribusiness, ICT, appa . . .

Swedish Ambassador to Zambia Henrik Cederin has revealed that his country will invest up to K200 million towards implementation of renewable energy in Zambia.   Mr Cederin said Sweden would invest in renewable sources of energy in a bid to mitigate the ongoing energy crisis not only in Zambia . . .

London — Cummins Cogeneration Limited (CCL), headed up by Deepak Khilnani, and WUTA Energy are set to commence the development of a 140MW gas-fired power plant. Based in Beyin, the plant is the first phase of a 300MW Power Purchase Agreement to supply energy to the Ghanaian Grid, and once comp . . .

Golden Sibanda — Munyati Power Station will have its electricity generation capacity restored to 100 megawatts after Indian firm, Jaguar Overseas Limited (JOL) and its local partner were awarded the engineering procurement tender to refurbish the plant. Jaguar Overseas, backed by its local par . . .