Sosian Energy, a Nairobi-based company, is making strides in Kenya’s renewable energy sector. Recently, the company received approval to construct a 50-Megawatt wind farm in Marsabit. Sosian Energy is a big player in Kenya’s energy sector, especially in renewable energy like geothermal power. The company, connected to the family of the late President Daniel arap…
Cooking gas prices reached a new high of Sh3,231.84 for a 13-kilogram cylinder in March. This increase happened despite the government’s efforts to reduce costs by removing the eight percent value-added tax. Currently, only 13% of Kenyans use cooking gas, with most relying on charcoal and firewood due to high gas cylinder costs and limited…
The announcement of The Julius Nyerere Hydroelectric Power Plant (JNHPP) in Tanzania on February 13, 2024, has sparked hope for the energy landscape of East Africa. This $2.9 billion project is anticipated to alleviate the electricity deficit not only in Tanzania but also in neighboring countries. It was unveiled during the 16th Meeting of the…
Schneider Electric Kenya has announced the appointment of Ifeanyi Odoh as its new Country President. He will be replacing Carol Koech, the outgoing Country President. Ifeanyi Odoh’s journey to Schneider Electric Kenya is marked by a diverse and illustrious career. He previously served as the Strategy and Transformation Leader for South East Asia, overseeing operations…
Uganda is engaged in ongoing discussions with Tanzania to import its fuel via the port of Dar es Salaam. This potential shift marks a departure from Uganda’s historical reliance on Kenya’s Mombasa port. For years, Uganda has expressed dissatisfaction with its oil import system, particularly the arrangement whereby Ugandan fuel companies procure 90 percent of…
Kenya Power customers will soon have the convenience of paying their bills in foreign currency, such as dollars, euros, and pounds. This progressive step offers significant advantages to customers, especially those with foreign income or engaged in frequent international transactions. The introduction of foreign currency payment options provides flexibility and accessibility for individuals earning income…
ExxonMobil, one of the world’s largest oil and gas companies, has recently threatened to withdraw billions of dollars in climate investment from the European Union (EU). This move has raised concerns about the potential consequences for ongoing and future climate investment projects. It also raises broader implications for the EU’s energy security and economic stability….
The tripling of energy and petroleum regulatory authority (epra) levies is significant within the context of global market dynamics and domestic economic pressures. The surge in global crude oil prices and the government’s decisions to remove subsidies and double Value Added Tax (VAT) are two critical contributors to this development. One major contributor to the…
TotalEnergies has made a substantial investment of N$5.7 billion in Namibia’s oil sector, focusing on exploring, developing, and acquiring oil assets. This significant commitment reflects the company’s confidence in Namibia’s energy resources. The investment aims to support exploration and appraisal activities in Namibia’s oil sector, with the aim of discovering the country’s untapped energy resources….
The African Development Bank (AfDB) has cautioned about the risk of social unrest in Nigeria, Ethiopia, Angola, and Kenya due to increasing fuel and commodity prices. The warning emphasizes the potential impact on these countries, including currency devaluation and economic hardship, and highlights the role of governments and potential solutions. The AfDB’s message stresses the…
