Acumen is a New York based non profit company that invests in sustainable and socially minded companies around the world. Established in 2001, Acumen has invested more than $115 million in 113 companies across Africa, Latin America, South Asia, and the United States Acumen Capital Partners a subsidiary of Acumen recently announced a $70 million funding for KawiSafi ventures aimed at driving energy access across East Africa in a bid to scale the.... Read more »

Posted on : Friday , 26th April 2019

As part of plans to diversify its energy generation mix and meet growing demand. Tanzania is seeking investors to build wind and solar power plants. With a minimum capacity of 50MW each the wind power plants are expected to generate 200MW .With  a minimum capacity of 20MW each.The solar plants will generate 150MW located in Dodoma, Singida, Shinyanga, Mwanza, Simiyu, Njombe and Iringa Regions.The projects are expected to run over the next.... Read more »

Posted on : Saturday , 13th April 2019

 The frame work which has guided the exploration and production is established by the Petroleum Act 2019 in Kenya. The piece of legislation that has been updated will govern the production, contracting and exploring of petroleum resources in Kenya, even including natural gas and crude oil. The approval into the law of Energy Bill2017 as well as petroleum Bill2017('The Acts") by the President Uhuru Kenyatta, on the 12th of March.... Read more »

Posted on : Wednesday , 3rd April 2019

Renewable energy, especially solar energy, is the key to driving Africa's economic development and combating climate change, said the African Development Bank (AfDB) president, while providing $ 25 billion in a new climate funding between 2020 and 2025. AfDB said the funds would be used to boost investment in renewable energy projects such as solar power plants. Some of its funding beneficiaries would include projects in Ethiopia, Rwanda and.... Read more »

Posted on : Friday , 26th April 2019

The Rwandan Government through its power sector has  very ambitious targets to achieve 512MW installed power generation capacity, which is currently 216MW power generation with a universal access(100%), this is expected to be achieved by 2023/24.they are also determined  to achieve 52% on-grid connections and 48% off-grid connections also by 2023/24. review, analyses of literature and site visits to various branch offices of Rwanda.... Read more »

Posted on : Wednesday , 10th April 2019

 By 2022, the East African Community (EAC) will have a combined generation of 7,480 MW of electricity. This is set to be accomplished through a $ 2.5 billion funding from the African Development Bank (AfDB)  for infrastructure projects in the region. According to multiple sources, the combined total installed power capacity in East Africa currently exceeds 5,000 megawatts. Statistics from the EAC partner states with the.... Read more »

Posted on : Wednesday , 3rd April 2019

As power rolls out across continent, ranks of appliance consumers swell rapidly. With a population of more than a billion and increasing access to power, sub-Saharan Africa could present a massive market for electrical products and services – sectors that are among Hong Kong’s fortes. In its 2017 World Economic Outlook, the International Energy Agency (IEA) said energy for all in the region is achievable by 2030, provided 95%.... Read more »

Posted on : Wednesday , 3rd April 2019

Rand Merchant Bank (RMB) report has predicted that Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019.  East Africa being a fulfilling region in last few years has recorded more than an average growth in the number of Foreign Direct Investment (FDI).   Ethiopia being Africa’s fastest-growing economy, has tremendously emerged to promote its provisional advantage,.... Read more »

Posted on : Thursday , 7th March 2019

Kenya Electricity Generating Company PLC ( KenGen) has apeared East Africa’s leading Sustainable Power Producer in the 2018 Capital Finance International Awards (CFI.co Awards). KenGen, Kenya’s largest power producer accounting for 69% of the country’s power, was given the award for its continued, and deliberate focus on renewable energy – which accounts for 84% of the company’s power sources. KenGen was also.... Read more »

Posted on : Thursday , 28th February 2019

The government of Ethiopia and Djibouti has signed a deal to build a 765km pipeline to transport gas from the landlocked state to Djibouti, partly bordered by the red sea. The agreement which was signed between Minister of Ethiopia’s Mines and Petroleum Samuel Urkato and Djibouti’s Energy and Natural Resources Yonis Guldi, states that 700km pipeline will be installed in Ethiopian Territory while the remaining 65km will be within.... Read more »

Posted on : Friday , 22nd February 2019

Chinese construction and engineering company, China Gezhouba Group Co. Ltd. (CGGC), has inked a contract agreement with the Ethiopian government to be a part of Grand Ethiopian Renaissance Dam (GERD).   The contract agreement involves 40.1 million U.S. dollars, also the CGGC will take part in pre-power generation activities of Ethiopia's grand hydro-electric dam, which will claimed as Africa's largest hydro dam upon completion with a.... Read more »

Posted on : Wednesday , 20th February 2019

The Kenya-Tanzania Power Interconnection Project has been divided into several lots, with contractors on the Tanzanian side executing to set up a 510km 400kv transmission line and following substations in order to meet the 2020 completion deadline. The project is being achieved by the Tanzania Electric Supply Company (Tanesco) through a $258.82 million loan from the African Development Bank and the Japanese International Co-operation.... Read more »

Posted on : Tuesday , 19th February 2019