Market News| Africa Business News

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

Kenya Power- Network Expansion To Cost Ksh 40B

Over the next three years, Kenya Power is targeting to increase its customers to 7.5 million, plans to commercialize its fiber optic cable to generate some of the cash to finance the power network expansion. The total installed capacity currently stands at 2333MW bolstered by intense geothermal generation while peak demand is 1,656MW. Demand for electricity for the year to June 30th grew 4.4%. Even though a bulk.... Read more »

Posted on : Monday , 30th October 2017

Company From China To Build Geothermal Plants in Kenya

Kenya has permitted the largest Chinese manufacturer of rock drilling equipment to build and explore geothermal power plants in the country. Kaishan Group secured the contract to drill steam wells in the Suswa south-Magadi-Shompole steam fields, in Narok County. The license that the company received gives it the leeway to sink exploration wells in the area for up to three years and subsequently proceeds to operate and.... Read more »

Posted on : Monday , 30th October 2017

Kenya Close to Achieving Major Price Cuts in Power Supply

An auctioning program is set to cut power costs for Kenyan consumers. Power in Kenya is currently provided by PV firms and this news of price cuts will no doubt please the Kenyan population. The utility firm’s managing director, and CEO, Dr. Ken Tarus has predicted a decrease in the cost incurred by Kenya to purchase power from across foreign borders from Sh12 per kilowatt-hour to Sh6 per kilowatt-hour. The Kenyan.... Read more »

Posted on : Friday , 27th October 2017

Tanesco Project To Surpass Early Investor Expectations

The Tanzania Electricity Supply Company (Tanesco) have committed themselves to provide an abundant stream of power to any large-scale investors with an interest in the Ruvuma Region. Tanesco Ruvuma Regional Manager, Eng. Patrick Lwesya assured power supply in abundance to the Ruvuma region, once work on the Makambako-Songea transmission line is completed. He was quoted saying “People of Ruvuma will no longer experience.... Read more »

Posted on : Tuesday , 17th October 2017

A Million More Homes To Gain Access To Power in Kenya and Uganda

One million homes in Kenya and Uganda will gain access to electricity, thanks to a number of investors’ raisings Sh 8 billion in collaboration with the UK government to finance a new solar project. Kenya based solar kit reseller, M-KOPA Solar announced that the initial payments were made through Dutch Development Bank FMO (Sh 1.3 billion), UK Investment Agency CDC (Sh 2 billion), Norwegian government’s Nor fund.... Read more »

Posted on : Thursday , 12th October 2017

RURA Aims to Power 70 percent of Rwanda

RURA’s role as a regulator of the energy sector is to assist national socio-economic transformation and poverty eradication by providing sufficient, reliable, affordable and sustainable energy supply. The goal remains to create and foster an environment that encourages more involvement from the private sector, which is only positive and a change from when the government was the sole investor in the energy.... Read more »

Posted on : Wednesday , 11th October 2017

Kenya-Solar Products in High Demand

There has been an increased demand for solar water heating systems after the announcement of the November 30th deadline for the installations of these systems, according to sources from within the industry. The announcement was in accordance with the Energy Regulations of 2012, where all industrial, commercial and large residential building in urban centers’ are mandated to install these water systems. The.... Read more »

Posted on : Friday , 6th October 2017