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Kenya: President Kenyatta’s housing project attracts $30bln investment

The affordable housing agenda of President Uhuru Kenyatta of Kenya has received investment offer of almost $30 billion (Sh3 trillion), way above the target of Sh2 trillion, principal Secretary, Housing Urban Development Charles Higa said. The project, which is part of President Uhuru Kenyatta’s Big Four Agenda, is expected to deliver one million housing units […]

Microsoft launches $100m Development Centers in Africa

Tech giant Microsoft has launched a $100 million Africa Development Centre (ADC) with offices in Kenya and Nigeria. The program will support the recruitment of 100 full-time engineers by the end of the year, and 500 engineers by the end of 2023. The tech company is betting on African innovation in fields like fintech, agritech […]

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Kenya betting big on geothermal plants in Rift Valley

In Kenya, Chinese company Kaishan Renewable Energy Development has signed procurement, engineering and construction (EPC) agreement to build a $65 million geothermal power plant. The project called Menengai III geothermal is located in the Rift Valley in western Kenya. Nairobi-based Sosian Energy, an independent power producer (IPP) is in charge of the development of the […]

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New legislation to ease geothermal investment in Ethiopia

The Ethiopian Council of Ministers is considering a bill to encourage independent power producers (IPPs) to invest in geothermal power generation in the east African nation. Drafted by the Ethiopian Energy Authority last year, the new legislation comes at a time when the country is just beginning to exploit its geothermal potential. Ethiopia has the […]

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A futuristic smart city scores big with new solar plant in Kenya

In Kenya, local energy developer Equator Energy, has commissioned a 1 MW plant near the capital city Nairobi. The plant is located at Tatu City, a city under construction 23 km north of Nairobi, the Kenyan capital The plant includes 2,880 solar modules fixed on 5,700 m2, on the roof of the headquarters of Dormans […]

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InfraCo Africa commits $2.2m for two solar projects in Kenya

InfraCo Africa, an infrastructure development facility has signed a $2.2 million convertible loan agreements with energy developer Gigawatt Global for the development of the Samburu Solar and Transmara Solar projects in Kenya. The financing committed by InfraCo Africa will enable these projects to complete development activities and secure the financing needed for construction. InfraCo Africa […]

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Tanzania to achieve universal access to electricity by 2021

All Tanzanian villages will be connected into the national electricity grid by 2021, local media reported quoting the Minister of Energy Medard Kalemani. Kalemani made the statement during an official tour in Northwestern Tanzania’s district of Geita. According to him, several villages had so far been connected in the first round under the third phase […]

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EIB invests €495 million in transport, energy, internet across Africa

The European Investment Bank has formally agreed a total of €495 million of new financing for three projects to support sustainable transport, clean energy and internet access projects in North, West and East Africa. The three projects, signed at the summit attended by heads of state and government from across Africa and Europe, earlier this […]

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Poll reveals graft, unemployment as top worries of Kenyans

A recent survey in Kenya has established that Kenyans want the high cost of living, unemployment and corruption dealt with urgently as the year comes to a close. The poll, conducted and financed by Infotrak Research and Consulting, shows that 2018 was meant to be a year when Kenyans would begin enjoying a raft of […]

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Tourism: Africa receives only 5% of the international arrivals

Africa’s travel and tourism industry continues to record impressive growth over the years. In 2017, the continent hit a 63 million high in international tourist arrivals as compared to 58 M in 2016 (+ 9%). The growth record is slightly above the global performance of a 7% rise in 2017, to reach a total of […]

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