Kenya ranked among top ten countries in renewable energy investments
Kenya has been ranked among the top ten countries in the world that have made significant investments in renewable energy.
According to a report released by Bloomberg New Energy Finance on Monday, Kenya was ranked sixth in a global list of key emerging markets which together attracted Sh12.9 trillion ($126 billion) worth of investments in clean energy last year.
This represented a growth of 39 per cent compared to the previous year.
Data from the Energy Regulatory Commission (ERC) shows that geothermal power consumption rose to a record high of 402.1 million units in October accounting for nearly half of the country’s total consumption.
Recycling in Kenya now a booming business
The collection of plastic wastes is becoming a lucrative business for some people in Kenya. Though not all of these collectors know exactly what these plastics they gather and sell out are used for, they consider it a livelihood.
Currently, plastic is being given a new lease of life in Kenya as they are recycled into poles for construction and road signs, a new technique, slowly changing Kenya's landscape.
The plastics are melted and used to make poles for construction and road signs. The concept is still new in Kenya - and expensive given the manufacturing costs - but the poles are slowly changing the landscape.
Kenya gets Sh3.8 bn boost from IFAD
The International Fund for Agricultural Development (IFAD) has agreed to provide a $37.7 million (Sh3.8 billion) loan to fund key agricultural programs in the country.
The funds will be used to boost the ongoing smallholder dairy commercial program which will receive $17 million (Sh1.7 billion) while $20.66 million (Sh2.1 billion) will support the fisheries sub-sector through acquaculture development.
IFAD President Kanayo Nwanze said funding for the two programs will be approved by his organization’s next board meeting in December.
Kenya to build cruise ship terminal at its biggest port
Mombasa - East Africa's biggest port of Mombasa will spend 100 million shillings ($980,392.16) to build a new cruise ship terminal aimed at boosting tourism, port management said on Wednesday.
Piracy in the Gulf of Aden and the Indian Ocean struck a major dent into cruise tourism in the region, but the industry has rebounded since 2011, with enhanced naval patrols and deployment of armed guards on vessels.
"Before we used to receive 40 cruise vessels per year with 40,000 tourists," ports spokesman Hajj Masemo told Reuters, adding the number had dropped to near zero due to piracy.
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