AfDB approves €235.8m loan for Kenya’s dam

The African Development Bank (AfDB) has approved two loans worth €235.763 million to the Kenyan government for the construction of a multi-purpose dam (Thwake dam), that will store water, produce electricity and enable irrigation. The 80.5m high multi-purpose dam which is to be constructed on Thwake River in southern Kenya, will have a storage capacity […]

Africa’s renewable opportunities, progress get everyone interested and talking

Africa

After the International Energy Agency (IEA) said that renewables in sub-Saharan Africa alone would increase electricity capacity from 35 gigawatts (GW) to 65 gigawatts (GW), with solar power in Nigeria, hydro in Ethiopia and wind in South Africa leading, and that it would increase by 70 percent, international experts have reflected on this promising industry […]

Kenya inflation hits 11 months high over new fuel tax

Kenyan Inflation

Kenyan inflation rose to its highest rate in nearly a year in September, the statistics office said on Friday, reflecting the impact of a new value added tax on fuel. President Uhuru Kenyatta’s government, which is struggling to boost expenditure while cutting its budget deficit, introduced a 16 percent tax on petroleum products at the […]