Govt Targets Power Blackouts, Renewable Energy, Oil and Gas in KSh 2.5 Trillion Strategy
The government is estimating it will need KSh2.5 trillion to implement 2023-2027 energy strategy, which is heavy on expanding exploration and discoveries of oil and gas, renewable energy development and [...]
KenGen to Build KSh 17bn, 100MW Green Hydrogen Plant
Listed power generating company KenGen is set to build a KSh 17bn, 100MW green hydrogen plant, funded through concessional financing from Germany. “Kenya, and Africa at large, has the potential [...]Kenya Power to Roll Out 45 EV Charging Stations in Six Counties
Listed public utility firm Kenya Power plans to install 45 electric vehicle (EV) charging stations across six counties within the next year, as the country accelerates efforts to transition to [...]TotalEnergies Kenya Profit Slumps 51% as Margins Shrink, Finance Costs Rise
Listed oil marketing company TotalEnergies Marketing Kenya Plc has reported a 51% decline in net profit to KSh 1.49 billion for the year ended 31 December 2024, down from KSh [...]
Afreximbank Launches US$3 Billion Revolving Fund to Boost Intra-African Oil Imports
The African Export-Import Bank (Afreximbank) has launched a US$3 Billion Revolving Intra-African Oil Trade Financing Programme to finance the purchase of refined petroleum products by African and Caribbean oil buyers. [...]
Zambia-Tanzania-Kenya Power Pool Kicks-off
The Zambia-Tanzania-Kenya (ZTK) Power Interconnector Project has officially been relaunched in Lusaka by the three participating governments, with backing from COMESA, the World Bank, the European Union and the United [...]Tullow Oil Exits Kenya Amid Regulatory Delays, Uncertain Investment Outlook
Tullow Oil PLC has agreed to sell its entire Kenyan portfolio to Gulf Energy Ltd for a minimum consideration of $120 million, effectively exiting a project that has faced years [...]Uganda vs Umeme: The Final Bill of a 20-Year Power Concession
After its 20-year concession expired late last month, Uganda is now at a legal juncture with Umeme Limited, its biggest electricity distributor for two decades, over a contentious $234 million [...]Kenya Power Targets 150,000 New Connections After AfDB Backing
Kenya Power intends to ramp up its rural electrification drive, aiming to connect 150,000 additional customers to the grid under the sixth phase of its Last Mile Connectivity Project (LMCP). [...]National Oil Companies Across Africa are Exploring New Financing Models
In March, the National Oil Corporation of Kenya (NOC) signed a non-equity investment partnership with Rubis energy, joining a growing list of state-owned oil companies on the continent in exploring [...]Regulatory Delays, Price Volatility Hamper Tullow Oil's Investments in Kenya
Tullow Oil is facing uncertainty in the progress and investments of its Kenyan oil project due to a prolonged regulatory approval process after the withdrawal of its joint venture partners, [...]Kenya Power Triples Electricity Sales to Tanzania
Kenya Power (KPLC) tripled electricity sales to Tanzania in January, a month after the cross-border electricity trade begun, data from the Kenya National Bureau of Statistics' (KNBS) shows. Imports from [...]
