Market News| Africa Business News

NTPC- Indian Giants Set to Debut at the 7th edition of Power and Energy Africa 2018 In Kenya.

NTPC the top power company of India with a commissioned capacity of 53,651 MW plans to become a 130 GW company by 2032. It feeds a fourth of India's electricity needs or as they say "NTPC lights up every fourth bulb in the country". Having operations that match global standards, has led to it being known as one of the most efficient power companies in India. This well renowned company is participating at the 7th edition of Power.... Read more »

Posted on : Friday , 27th April 2018

Kenya- Drilling On Longonot Geothermal Project to Start June 2018

African Geothermal International Limited (AGIL) is said to be planning to start drilling for its Longonot geothermal project this June. The company is linked to the Chairman of Kenya’s National Bank, Mohamed Hassan, who is the co-director of AGIL. This announcement comes after a delay of about 5 years. Drilling for one well is said to cost around $5 million at a depth of around 3,500m, with a target of up to.... Read more »

Posted on : Thursday , 1st February 2018

President Kenyatta Encourages More Private Sector Investment in Power Projects

The President, Uhuru Kenyatta said Africa has a huge potential for green energy generation and transmission that the private sector should take advantage of for good returns while at the same time boosting people's access to energy. President Kenyatta was speaking in Addis Ababa during a roundtable meeting as he wrapped up his official visit to Ethiopia that saw him attend the 30thOrdinary Session of the African Union.... Read more »

Posted on : Thursday , 1st February 2018

Kenya Off-Grid Power Firms to Benefit From Sh10bn Fund

Kenyan firms producing off-grid power will be able to acquire capital from a new Sh10.3 billion fund that is being set up by the African Development Bank (AfDB) and a group of international financial investors. The Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), will provide local and hard currency loans to off-grid energy companies that specialize in producing clean electricity, focusing initially on West.... Read more »

Posted on : Wednesday , 17th January 2018

East Africa- First Waste-To-Energy Plant to be Introduced in Ethiopia

The Reppie thermal plant is being built in Ethiopia’s capital which will be commissioned by the beginning of 2018. It will incinerate approximately 1,400 tonnes of waste. This represents 80 percent of the city’s waste generation, accounting for 400,000 tonnes per year. This means that the power plant will provide electricity to 30 percent of its household electricity needs. Waste-to-energy incineration plants.... Read more »

Posted on : Saturday , 2nd December 2017

Ethiopia Unveils $375 Million National Electric Power Project

The Ethiopian government unveiled a new 375 million U.S. dollar national electricity project. The project, called "Light for All," will be implemented in the coming seven years across Ethiopia, with an objective to provide electricity to rural areas that currently have no access to electricity. Hailemariam Desalegn, Ethiopian Prime Minister, while unveiling the new nationwide electricity power project, said the.... Read more »

Posted on : Saturday , 2nd December 2017

Kenya- First Phase of Menengai Power Plant Almost Complete

Johnson Nchoe, Geothermal Development Company CEO Engineer says the first phase of the new power plant in Menengai is in the last stages of development. In 2015, Kenya injected 280 mw of geothermal energy to the national grid pushing up the installed capacity to 2,327 MW. Geothermal now contributes about 50 percent of electricity in the energy mix, hydro 39 per cent while thermal has been reduced to 10 percent. Three.... Read more »

Posted on : Saturday , 2nd December 2017

Kenya- The Cheap Power Plans Going To Benefit Small Businesses

Kenya Power has plans to connect small and medium enterprises to cheap power. The new power tariff, which large manufacturers have started enjoying, will reduce the cost of power by half when producing during off-peak hours. The power retailer is expected to install smart meters on the premises of its SME customers, which will enable them to take advantage of the tariff whose implementation began.... Read more »

Posted on : Saturday , 2nd December 2017

Forum to Discuss Opportunities in Kenya�s Energy Sector

Later this month, Kenya’s ministry of energy and petroleum will hold a two-day forum in Nairobi to discuss investment opportunities in the energy sector across the East African region. The meeting which will be held from the 29th to 30th will be organized by Future Energy East Africa Conference and Exhibition will be attended by investors, policymakers, and industry executives to discuss emerging opportunities in the.... Read more »

Posted on : Friday , 1st December 2017

Tanzania- German Firms Explore Investment Opportunities

More and more German companies intend to explore business opportunities in Tanzania, in sectors such as infrastructure, education, technology, machinery and energy (oil, gas and hydropower). The delegation met with Dar es Salaam mayor Isaya Mwita. The mayor had explained all investment and business opportunities to the delegation, which should help convince them to invest in different sectors of the.... Read more »

Posted on : Friday , 1st December 2017

Kenya- Cheaper Night Power Tariff To Be Introduced In December

Next month Kenya will cut tariffs for power by up to a third for manufacturers and large businesses that shift their operations to late night hours. The Energy Regulatory Commission (ERC) said on December 1 discounted tariffs will be offered for industrial and commercial power users who operate from 11 pm to 5 am, a window within which demand is low. The energy charge billed by Kenya Power for commercial consumers metered.... Read more »

Posted on : Thursday , 23rd November 2017

$16 Million Tantalum Plant to be developed in Rwanda

Rwanda will soon begin exporting refined tantalum products around the globe in the coming 12 months, following a huge deal to build a $16 million manufacturing plant in the country. Rwanda produces 50 percent of the global supply of tantalum and remains the biggest exporter of the product. PLG Plc, a Malta-based company dealing in integrated metallic science materials with operations in Europe has recently signed off on a.... Read more »

Posted on : Thursday , 9th November 2017