Kenya Power injects US$6.5 million into off-grid renewable projects
Kenya Power & Lighting, Kenya’s state-owned utility company, has announced its intention to invest KES560 million (US$6.5 million) in the development of off-grid renewable energy projects in Kenya.
As part of its plans, the company will develop solar and wind projects in the country’s North Eastern and Rift Valley
National Oil Expands Regional Business
State-owned National Oil Corporation is expanding its reach in the lucrative petroleum exports market as part of its growth strategy, following the recent launch of a unit that will serve budding customers across East Africa.
The firm noted that with the recent positive business developments in East and Central Africa, they are looking at
CBK Retains Kenya's Rate At 9.5 Percent
The Central Bank of Kenya (CBK) has decided to retain its base lending rate at 9.50 percent in this month's market review.
The CBK Monitory Policy Committee (MPC) said despite the positive developments in the economy since the last
Oil exploration begins in Lamu
US-based firm, Camac Energy, is commencing exploration for oil and natural gas on two blocks in Lamu.
Camac has a contracted Canadian firm Sander Geophysics Limited to undertake geophysical surveys on the L1B and L16 onshore blocks in Lamu.
