BEIJING (Reuters) – Chinese President Xi Jinping offered another $60 billion in financing for Africa on Monday and wrote off some debt for poorer African nations, while warning against funds going towards “vanity projects”. Speaking at the opening of a major summit with African leaders,
Energy forms the foundation of any economic transformation. Kenya’s Vision 2030 development blueprint envisions these ideals – offering opportunities to its citizens. Economic growth means increased energy demand and consumption. Additionally, the growing human population is leading to increased energy demands. It is unfortunate that
With Kenya’s government debt to GDP in 2018 shadowing the 57% mark and economic forecasts not predicting sunnier days, the benefits of debt-funded infrastructural development have become blurred. Kenya has in the recent past experienced significant growth in its infrastructure. Starting with the Thika Super-Highway
The Energy Ministry will terminate expensive Power Purchase Agreements (PPAs) to help bring down the cost of power, Cabinet Secretary Charles Keter said yesterday. This, he said follows recommendations by a task force set up to review Independent Power Producers and PPAs. The team noted
By Joseph Kata Munyoki Residents of Mui Basin blocks A,B,C & D met at Mutitu playing ground in Kitui County to discuss formation of CBOs to articulate their opposition to coal mining in Kitui County. KIMUMA CBO for Mutitu, Zombe Together as One CBO, a
FOR IMMEDIATE RELEASE Media Contacts: Stefanie Spear, As You Sow, (216) 387-1609, sspear@asyousow.org Michael Passoff, Proxy Impact, (510) 215-2222, michael@proxyimpact.com Oakland, California—July 18, 2018— A group of 56 institutional and individual investors representing nearly $713 billion in AUM sent a letter to General Electric (GE)
Kenya has one of the most promising futures in all of Africa, but is about to make a strategic mistake similar to one that oil-rich Angola made in 2006. That year, Angola agreed to borrow $14.5 billion from China in a resources-for-infrastructure deal, repayable in
A planned multi-billion shilling coal power plant in Lamu ran into more challenges after a human rights activist petitioned the High Court to stop it. Mr Okiya Omtatah filed a petition at the High Court yesterday seeking temporary orders prohibiting General Electric Company (GE) from
Dear Mr President, I write to you as a proud Kenyan, but one greatly concerned for our future. In particular I write to ask why you are permitting Amu power to build a coal power plant in Lamu? Kenya Vision 2030 clearly states its objective
Religious leaders have resolved to mediate in the matter of the controversial coal fired power plant in Lamu County. Under the umbrella of the Inter-Religious Council of Kenya (IRCK), they have appointed a five-member committee to meet officials from the Energy and Environment ministries. The team