Ethiopia-Kenya Power Line Gets Sh37 Billion Loan

Finance Minister Njeru Githae and World Bank Country Director Johannes Zutt, addressing the media at Treasury Building after signing a Kshs.51.9 billion loan agreement.

The loan is for construction of Eastern Electricity Highway Project to bring Hydro electric power from Ethiopia to Kenya (Kshs.37.5 billion),

Read more ...

Kenya: Sh8,000 Android Dual SIM Tecno N3 Launched

Tecno in partnership with Qualcomm on Thursday Morning announced the launch of the Tecno N3 Android smartphone in Kenya. The dual SIM smartphone is the first Qualcomm Reference Design smartphone in Africa.

The launch was held at the Sarova Panafric and attended by Dr. Bitange Ndemo – Permanent Secretary in the Ministry of Information and Communication,

Read more ...

Co-Operative Bank Signs Sh5 Billion Deal to Boost SMEs

Cooperative Bank has signed a Sh5.1 billion ($61 million) loan agreement with the International Finance Corporation (IFC) to increase its credit to Small and Medium Enterprises in the country.

The bank’s Managing Director Gideon Muriuki said the loan which has a tenure of seven years will also be used to support agriculture projects.

Read more ...

Firm to Build U.S. $100 Million Wind Power Initiative

Nairobi –  Global infrastructure development giant General Electric Company (GE) last week announced a grand plan of investing some $100 million towards power generation in Kenya over the next one year.

The funding will go towards the construction of two wind power projects to boost generation to the national grid.

Read more ...