Market News| Africa Business News

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

Hyacinth Power Plant to be constructed by Local Kenyan Firm

An eight-megawatt power plant is to be built in Homa Bay County by a local firm using water hyacinth from Lake Victoria. The company Homa Bay Biogas One Ltd is awaiting permission from the Energy Regulatory Commission (ERC) to move forward with the plant. The company hopes to utilize the waterweed that regularly engulfs the lake and use it transform it to biogas. “Homa Bay Biogas One Ltd will make.... Read more »

Posted on : Wednesday , 8th November 2017

Symbion to Co-Invest $100 million In Methane Gas Project in Rwanda

Symbion CEO, Paul Hinks has announced that they will collaborate with Highland Group Ltd to make an investment of $100 million to generate 106 megawatts of methane power on Lake Kivu in Rwanda. The lake has an estimated 55 billion cubic meters of naturally occurring methane gas. The power generation capacity of Lake Kivu has been conservatively estimated at approximately 500 MW over a period of 40 years. At.... Read more »

Posted on : Wednesday , 1st November 2017