Market News Page No. 8| Africa Business News

Ethiopia Launches Africa Minigrid Programme with Goal of Providing Clean Energy Solution

The Ministry of Water and Energy in collaboration with the Global Environment Facility (GEF) and UNDP Ethiopia has launched the Africa Minigrid Programme (AMP). The AMP to be implemented with financial support secured from GEF is said to create a multifaceted access to clean energy solution for Ethiopia and 20 other African countries. The programme also helps to scale up commercial investments in the renewable energy sector. On.... Read more »

Posted on : Wednesday , 15th November 2023

The Solar Mini-Grid Project on Wasini Island Is Almost Finished, According To Kenya Power

Kenya Power is in the final stages of launching a solar mini-grid project on Wasini Island, located in Mukwiro village within Kwale County in Kenya’s southern region. The mini-grid has a solar plant capacity of 737kWp and includes a 70kVA diesel generator. It features 1,820 solar panels and 247 lead-acid batteries with a total capacity of 2276kWh and is expected to benefit 468 residents. This project, funded by the World Bank in.... Read more »

Posted on : Wednesday , 15th November 2023

Kengen Increases Geothermal Energy To Reduce Reduced Inputs At Major Hydroelectric Dams

Kenya Electricity Generating Company PLC (KenGen) has announced a revamped plan to step up electricity generation from geothermal power plants in a strategic move to cushion Kenyans from the effects of low water inflows at the large hydropower stations. As of 6th Nov 2023, Masinga Dam, which is Kenya’s largest hydropower dam, recorded water levels of 1039.42 m above sea level (ASL) against a total capacity of 1056 mA SL. This was slightly.... Read more »

Posted on : Tuesday , 14th November 2023

Ethiopia Uses Wind Energy to Produce 404 Megawatts of Power

Ethiopian Electric Power (EEP) announced that the country has generated 404 MW of electricity from wind power. EEP Corporate Communications Director Moges Mekonen told EPA that the country has reached the total production of 404 MW electric power from Wind power. He noted that many citizens are getting electricity from the wind power plants that have been built so far. Accordingly, the combined generating capacity of Ashegoda,.... Read more »

Posted on : Tuesday , 14th November 2023

Kenya plans to buyback a 20% interest in Turkana Oil

Kenya intends to repurchase up to 20 percent in the Turkana oil project in what could ultimately conclude whether the public authority supports the task's changed improvement plan and accessibility of assets. On 02 November 2023 Thursday, Energy and Petroleum Regulatory Authority (Epra) chief general Daniel Kiptoo said the public authority is yet to pursue a choice on whether to practice its back-in choice given by the creation sharing.... Read more »

Posted on : Friday , 10th November 2023

National Oil Renews Its Effort for Collaboration in the Magadi Basin's Oil and Gas Exploration

The Public Oil Enterprise of Kenya (NOC) has resuscitated the quest for an essential accomplice, to finance its oil and gas investigation in its Block 14T situated in the Lake Magadi Bowl. NOC last week moved to employ a specialist who will be accused of assisting the organization with bundling the information it has accumulated such a long ways about the oil block to tempt likely accomplices. The specialist will "support further.... Read more »

Posted on : Friday , 10th November 2023

Julius Nyerere Hydropower Dam Project in Tanzania is Underway Say's Tanzanian Deputy Prime Minister

El Gazzar speaks with Tanzanian officials on potential areas of mutual cooperation and expanding Egypt's business opportunities in Tanzania across several industries. Dr. Doto Mashaka Biteko, the Deputy Prime Minister and Minister of Energy, met with Dr. Assem El Gazzar, the Minister of Housing, Utilities, and Urban Communities, at the beginning of his journey to Tanzania to monitor the Julius Nyerere Hydropower Plant and Dam construction, which.... Read more »

Posted on : Thursday , 9th November 2023

AFENET Agrees To Increase Capability For Regional Medical Education And Research

The significance of local medical supply manufacture has been emphasised by the African Field Epidemiology Network (AFENET) in partnership with the Kenya Field Epidemiology and Laboratory Training Programme. This will guarantee stockpile readiness in the event of a pandemic.Dr. Sultani Matendechero, Deputy Director General, Ministry of Health, Kenya, stated at a scientific conference titled "Strengthening Public Health Systems in Africa towards.... Read more »

Posted on : Wednesday , 8th November 2023

Tanzania's timber sector is expected to see significant growth.

An rise in the number of wood processing industries is expected to significantly strengthen Tanzania's timber sector. This breakthrough has opened up a new chapter for the sub-sector and fully integrated the private sector. The timber business has benefited greatly from the public-private partnership's ability to handle numerous challenges and the prohibition on timber harvest permits has helped the sector. Almost 4,000 firms related to the.... Read more »

Posted on : Wednesday , 8th November 2023

Carrier Commercial Refrigeration and GIZ will establish the first-ever training centre in East Africa to advance cold chain development and decarbonisation.

In order to establish the first carbon dioxide (CO2) transcitical regional supermarket training centre in East Africa, Carrier Commercial Refrigeration, a leading provider of high-efficiency refrigeration systems and services to the food retail and cold storage industries, is working with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH's Green Cooling Initiative, which is funded by the International Climate Initiative.... Read more »

Posted on : Tuesday , 7th November 2023

Kiambu County Government Intends to Use Solar-Powered street Lights

After an announcement that Kiambu County Government has been paying Sh1.7 billion a year for electricity costs related to street lights, the government intends to switch to solar lighting systems. According to Governor Kimani Wamatangi, the county's monthly electricity expense for street lighting is Sh 142 million and because power prices are rising, that amount might soon reach Sh 200 million. Wamatangi stated that he has.... Read more »

Posted on : Tuesday , 7th November 2023

Sh500 Million Industrial Park to Be Built In Nyeri, Kenya

An agreement has been signed by the County Government of Nyeri and a local contractor for the building of an aggregate and industrial park in the Kieni constituency, valued at Sh500 million. In the next 24 months, the park a collaborative effort between the national and county governments will be operational, according to Chief Officer in Charge of Trade George Mwangi. Each of the two tiers of government would put in Sh250 million for the.... Read more »

Posted on : Friday , 3rd November 2023