Eskom Power Disruptions to Constrain South Africa's Recovery
South Africa’s post coronavirus recovery may be in jeopardy following persistent power blackout from the nation electricity generator Eskom. South Africa slid into a recession following prolonged lockdowns but businesses [...]
Kengen Renews Rebecca Miano's 3 Year Contract as Managing Director
TheKenya Electricity Generating Company,KenGen has renewed Rebecca Miano's contract as the Managing Director and CEO. The renewal, in line with the company's articles of association, owes to the company's good [...]
Norwegian Fund Backs Out of KSh6 Billion Laikipia Solar Project
Norfund, Norwegian State-owned investment company, together with its partner Scatec Solar have withdrawn from the Rumuruti Solar Park, which was to be built in Laikipia. The company was the project's [...]Botswana Namibia Eye a 5GW Solar Energy Plan
Botswana and Namibia have announced plans to develop a5,000 megawatts(5 Gigawatts) solar energy project, a move that seeks to produce electricity mainly for export across the region, and reduce their [...]EPRA Appoints Mueni Mutung'a as Acting Director-General
The Energy and Petroleum Energy Authority (EPRA) has appointed Mueni Mutung'a as the new director-general. Ms Mueni, EPRA's Secretary and Director of Legal Affairs, was chosen for the position based [...]Africa Oil Corporation Lacks Capital to Exploit Kenya's Oil fields
Canadian-based Africa Oil Corporation (AOC)- a leading oil and gas multinational, has indicated that it has insufficient capital to complete development activities in Kenya's oil fields located in the South [...]
KenGen to Roll Out Electric Car Charging Facilities
KenGen plans to roll out facilities for electric car charging systems in the country, as the electricity generating company prepares for a possible roll-out of electric Public Service Vehicles (PSVs). [...]Kenya Power's Debt Relief Plan
Kenya Power has secured debt relief from 14 lending institutions, looking to cut interest costs as it struggles with dwindling revenues. The power distributor now has access to a one-year [...]Pandemic Pushes Oil Giant BP to $ 6.7 Billion Net loss
UK-based BP Plc posted a $6.7 billion net loss in the second quarter of 2020 and cut its dividend in half. BP, which is one of the world's most powerful [...]Chevron and Exxon Record Losses in Q2 as Oil Demand Dips
Chevron and Exxon Mobil released their Q2 results on Friday that reveal the extent of the coronavirus pandemic on oil demand. The bloodbath witnessed in the oil sector has hurt [...]Kenya Power Seeks to Hike Electricity Costs by 20%
Electricity distributor, Kenya Power, has announced plans to increase electricity prices by up to 20% and is already in talks with the Energy and Petroleum Regulatory Authority (EPRA) regarding the [...]Total Gas Project in Mozambique Raises $14.9 Billion in Debt Financing
Total's Liquefied Natural Gas project (LNG) in Mozambique has received $14.9 billion in debt financing. Export Credit Agencies who took part in the financing include UK Export Finance (UKEF), the [...]
