Market News

 UN’s International Atomic Energy Agency (IAEA) has decided to help African nations with the development of nuclear energy for electricity generation nuclearplant 12923 pixabayPlans for nuclear power generation are making headway in Kenya. (Image source: 12923/Pixabay) Several African c . . .

 The government has leased 22 micro-power projects to private investors, a move aimed boosting the country’s power generation capacity.   The plants were leased to seven private power developers for 25 years, according to the Power Purchase and Concession Agreements signed between . . .

East African countries may soon emerge as global leaders in green energy, if efforts put by the various governments to exploit sources of renewable energy are attained.   Various stakeholders attending the East African Power Industry Convention (EAPIC) in Nairobi yesterday agreed that univers . . .

 Uganda’s 600MW Karuma hydropower plant is set to commence the construction of transmission power lines; this is after intec – GOPA-International Energy, a German energy consulting company agreed on a US$ 6.3m consultancy services contract.   Funding for the construction of t . . .

 The 44 mega watt (MW) Muzizi Power Dam in Kibale District will finally be a reality soon following the signing of an agreement between the German Development Bank (KfW) and the Agency for French Development under which the two institutions will fund the project to the tune of €70m (about . . .