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). [...]
Ethiopia Secures AfDB Backing for US$7.8bn Mega Airport
Ethiopia is taking a major step toward its ambitious goal of becoming Africa’s leading aviation hub after signing an agreement with the African Development Bank (AfDB) to support the construction [...]Property Owners to Pay for Asbestos Removal
The government has directed a nationwide asbestos removal initiative from all public and private facilities in a bid to mitigate the health risks associated with its exposure. The National Environment [...]ISPs Count Losses After Nairobi Cuts Fibre Optic Cables in Spat with Kenya Power
The Technology Service Providers Association of Kenya (TESPOK) has issued a sharp rebuke against the destruction of critical ICT infrastructure by Nairobi County Officials amid its spat with utility firm, [...]Govt, World Bank Plan Feasibility Study for Nairobi Rail Expansion
The Kenya Railway Corporation will kick off a feasibility study for the rehabilitation and expansion of Nairobi Commuter Rail Network under the World Bank-supported Kenya Urban Mobility Improvement Project (KUMIP) in April. [...]Kenya Raises KSh 130.8 Bn in Oversubscribed Infrastructure Bond
The government through the Central Bank of Kenya (CBK) has raised KSh 130.8 billion from two reopened infrastructure bonds in the February sale. The two papers the 14 year [...]Former Kiambu Governor Ferdinand Waititu Convicted in KSh 588 million Graft Case
The Milimani anti-corruption court has found Former Kiambu Governor Ferdinand Waititu and his wife – Susan Wangari – guilty in a corruption case involving the award of a KSh 588 [...]Kenya Power to Invest KSh 1bn in Western Kenya Power Lines
Listed utility firm Kenya Power is investing KSh 1 billion to construct power lines in eleven counties across the Nyanza and Western regions. “Our purpose is to supply adequate and [...]Local Investors to Pump KSh 129bn into Nairobi-Mombasa Expressway
American asset manager, Everstrong Capital, has signed an agreement with CPF Capital Advisory Ltd. to raise US$ 1billion (KSh 129 billion) for the Usahihi Nairobi-Mombasa Expressway project. “This is [...]Kenya Power Declares Dividends as Half Year Profits Surge by 3025%
Kenya Power recorded a 3025.4% surge in profit after tax in the 6 months to December 2024 driven by reduced finance costs, increased electricity sales and lower cost of sales. [...]Tanzania, Burundi Sign US$2.2 bn SGR Deal with Chinese Firms
The Tanzania Railways Corporation has signed a US$2.154 billion agreement to construct a 282 kilometre standard gauge railway (SGR) from Uvinza to Musongati. The improvement of services at the Port [...]Govt Seeks KSh 70bn in Reopened Infrastructure Bonds
The Central Bank of Kenya (CBK) is seeking KSh 70 billion from two reopened infrastructure bonds to finance projects in the current fiscal year. The 17 year paper will have [...]
