Market News Page No. 92| Africa Business News

KENYA: Olkaria I Geothermal Power Plant To Gain 83 Mwe Before End of 2021

Kenya Electricity Generating Company (KenGen), Kenya's largest power producer, plans to commission unit 6 of its Olkaria I geothermal power plant before the end of this year. The steam plant is being built by the Japanese companies Marubeni Corporation and Fuji Electric. Marubeni Corporation is on track to meet its line-up. The Japanese company chosen by KenGen for the construction of Unit 6 of the Olkaria I geothermal power plant had.... Read more »

Posted on : Tuesday , 25th May 2021

Tanzania And Kenya To Re-Ignite Trade And Economic Cooperation

Hon. Samia Suluhu Hassan has just completed a 2 day official visit to Kenya where she met her Kenyan counterpart President Uhuru Kenyatta with the aim to unlock trade and build up economic relations. President Samia Suluhu Hassan addressed the Kenyan parliament, where she pledged to develop co-operative projects including road construction, the construction of a 400 kW power line from Singida to Kenya, complete the One-stop Border Post, and.... Read more »

Posted on : Tuesday , 25th May 2021

Kenya launches Lamu Port now open for business

Newly constructed Lamu port project has officially been opened by President Uhuru Kenyatta with the target to link Kenya to South Sudan, Ethiopia and therefore the middle belt of Africa.Two other berths are likely to be launched before the end of the year.The project is part of the Lappset which comprises a standard gauge railway line, Road network, Oil pipeline (Crude & product), Oil refinery (Isiolo/Lamu), International Airports (Lamu,.... Read more »

Posted on : Monday , 24th May 2021

Tanzania's commercial forestry industry has the potential to significantly raise the incomes of small tree growers.

In Tanzania's Southern Highlands, the Forestry Development Trust (FDT) is collaborating with all segments of tree growers as well as various public and private forestry service providers to transform the commercial forestry sector by encouraging business structure reforms. Tanzania's current forest plantation area (including small scale woodlots) is estimated to be 325,000 hectares, with pine (65% ) and eucalyptus as the dominant species.... Read more »

Posted on : Monday , 24th May 2021

Kerui Petroleum & Gas Successfully Delivered A Drilling Rig For A Geothermal Project In Ethiopia

The second set of 1500hp geothermal drilling rigs developed and produced independently by Shandong Kerui Petroleum & Gas Equipment Co., Ltd. was successfully delivered to the Aruto Langano geothermal power station in central Ethiopia recently.It is the greatest investment in the geothermal energy industry, as well as a national project with enormous strategic significance funded by the World Bank, since it is the first 50D mating drilling.... Read more »

Posted on : Wednesday , 19th May 2021

EAST AFRICA: Starsight Enters the Solar Market for C&I Customers

Starsight Energy is strengthening its position in Africa. The solar energy provider has for long had its eye on the East African market. The Lagos based company now has the means to fulfil its ambitions by acquiring a 50 per cent stake in Premier Solar Group, a company that supplies solar energy to businesses in Kenya. The 2 partners have decided to launch Starsight Premier Energy Group, which will provide electricity to commercial and.... Read more »

Posted on : Wednesday , 19th May 2021

KENYA: GDC Calls for Tenders for Direct Use of Geothermal Steam

The Kenyan state-owned Geothermal Development Company has launched a call for expressions of interest for the direct use of geothermal steam at the Menengai site in the Rift Valley in western Kenya. Interested investors have until May 24th, 2021 to apply. Geothermal Development Company is on its way to diversify the use of geothermal steam in Kenya’s Rift Valley. Geothermal Development Company has just launched a tender to investors for.... Read more »

Posted on : Wednesday , 19th May 2021

MoU signed for construction of road linking Ethiopia to Berbera in Somaliland

The government of Ethiopia through the Ministry of Transport and Dubai Ports (DP) World, a leading global provider of end-to-end logistics solutions, have signed a Memorandum of Understanding (MoU) that would see the construction of a road linking Ethiopia to Berbera in Somaliland. A road infrastructure that will connect Berbera port to Wajjale, a city on the border of Somaliland and Ethiopia is already under construction and is expected to.... Read more »

Posted on : Wednesday , 19th May 2021

Kenya And Tanzania Have Resurrected A $1.1 Billion Gas Export Pipeline Scheme

Kenya and Tanzania have signed a deal in Nairobi that could resurrect plans to build a new pipeline to transport gas from Dar es Salaam to Mombasa.Tanzanian President Samia Suluhu Hassan and her Kenyan counterpart Uhuru Kenyatta signed a tentative agreement covering the transport of gas from Tanzania for use in power generation and, possibly, cooking and heating, during their state visit to Kenya last week.According to local sources, the.... Read more »

Posted on : Tuesday , 18th May 2021

Affordable homes budget doubles to Sh8bn in Uhuru’s last year in office

Budget estimates tabled in Parliament show that Sh8 billion has been allocated for the affordable units in the year starting July. Treasury has doubled the allocation for construction of affordable houses as the State races against time to deliver the low-cost units in President Uhuru Kenyatta’s last year in office. Budget estimates tabled in Parliament show that Sh8 billion has been allocated for the affordable units in the year.... Read more »

Posted on : Tuesday , 11th May 2021

Lighting up Rural Kenya: Energy Agency to Double County Investments

The Rural and Renewable Energy Corporation (Rerec) is working with county governments to expand electricity coverage in rural areas throughout the country.The company has stated that it would match county government expenditures in lighting their respective areas.Rerec, tasked with expanding electricity coverage in rural Kenya and increasing renewable energy use, announced that its ‘shilling for a shilling' Matching Fund Program would double.... Read more »

Posted on : Monday , 10th May 2021

Kenya: Mwatate Traders to Benefit From Sh50 Million Modern Market

Traders in Mwatate town, Taita Taveta are set to benefit from a Sh 50 million market under construction in partnership between the county government and the World Bank. The project implemented through the Kenya Urban Support Programme is set to be completed before the end of this financial year 2021 to accommodate over 200 small-scale traders in the area. Kenya Urban Support Programme is a 5 year World Bank programme targeting 45.... Read more »

Posted on : Friday , 7th May 2021