Kenya will set up investors near geothermal plants to cut the cost of electricity and offer subsidies in order to compete with her neighbours.
Mr Mohamed said on Thursday that they will set up investors at the shores of Lake Naivasha near the geothermal power plant to cut transmission charges to make Kenya attractive.We are going to set them up at Naivasha near the geothermal plant where power is much cheaper since it is at the source, he said.He was speaking when he met a trade delegation composed of investors from China, the US, Australia, the Netherlands and Bangladesh who will also be visiting Tanzania and Ethiopia.
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Amid concerns that the rise of industrial robots may soon render humans obsolete, Swiss automation giant ABBs latest innovation may help shine a new light on what the future will look like when humans and robots can work together as partners.
Since January, political and business circles alike have been abuzz with talk of the fourth industrial revolution - the chosen topic of this years World Economic Forum (WEF) meeting held in Davos, Switzerland - and how it will transform the global economy in the coming years.
This technological revolution, which has the potential to disrupt entire industries and change the way we work and live, will see a fusion of technologies blurring the lines between the physical, digital, and biological spheres, says WEF founder and executive chairman Klaus Schwab.
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