A new report has revealed that biases in the estimation of solar production in Africa can lead to up to a 20 percent reduction in savings for African businesses.

This is according the Measuring Solar Irradiation in Africa: A case for change by CrossBoundary Energy which adds that such biases also cause between 1 and 2 percent reduction in the internal rate of return for solar developers and investors.

The report also indicates current methods that the solar industry uses for estimating solar production across the continent are unreliable.

Commenting on the report, Lenny Matei, co-author and Senior Project Engineer at CrossBoundary Energy, says that for most commercial and industrial (C&I) clients, a major factor in awarding projects is the electricity tariff and resulting savings offered.

Unilever and CrossBoundary Energy unveils 619 kWp solar plant in Kenya

He added that an often-overlooked factor is the estimated solar irradiation on site …

Listed real estate is also expected to continue performing poorly in 2021 with the Fahari I-Reit having opened the year at a relatively low trading price of Sh5.8 per share.

This is coupled with the expected negative performance of the office sector and lack of investor appetite in the instrument due to negative investor sentiments.…

Kenya’s President Uhuru Kenyatta has commissioned two key projects at the Konza Technopolis, a key flagship project of the country’s ambitious Vision 2030.

The President inaugurated an eight-story headquarters of Konza Technopolis Development Authority (KoTDA), which is located in Machakos County.

Kenyatta also opened the National Data Centre located at the Technopolis.

The ultra-modern office block is expected to provide KoTDA staff and partners a conducive on-site working environment to support the accelerated roll-out of the techno city.

On the other hand, the data center will offer reliable infrastructure and business-friendly services through a superior ICT backbone.

The data center will host East Africa’s biggest data center, with a capacity of 1.6 petabytes, according to the Standard.

It is fully equipped with smart city facilities and services to support the technopolis, as well as developers and small enterprises.

Kenyatta said the progress signals the Government’s commitment to the completion of …

Kenya’s national carrier Kenya Airways has launched a centre which it says will be used to mentor the youth.

In a statement, the company says the centre, dubbed ‘Fahari Innovation Hub’, will act as a springboard for new ideas and data-driven innovations to accelerate impact-driven solutions that address some of the societal and business challenges.

Kenya Airways Chief Executive Officer, Allan Kilavuka said the Fahari Innovation Hub has already been operating virtually for about one year.

He added that with the setting of a physical workspace, the hub will provide a centre for strategic innovation management offering opportunities for co-creation, collaboration, networking, research, and learning.

“At the pace at which change accelerates, especially now in the middle of a global pandemic, we have become increasingly aware of the need to be innovative as we position the business as a resilient, forward-looking and sustainable company with a deliberate inclusive agenda of …

The Central Bank of Tanzania (BOT) published the monthly economic review on June 2, 2021, highlighting key economic performance in the country’s different sectors.

Tanzania’s key economic sectors such as exports and imports showed modest performance while inflation remained in tolerable benchmarks.

The East African nation is one of the fastest-growing economies in Africa and it has been on a trajectory to enhance its economy, including advancing to a lower mid-income level, amid uncertainties caused by the global pandemic.

Read: Report Insight: Central bank shows good prospects on Tanzania economy

Various forecasts by different entities including the World Bank (WB) project that Tanzania’s GDP will grow by 4.5 per cent in 2021. However, the global recovery period dictates the fate of its economy.

Inflation

According to the report, headline inflation continues to be within the country and regional benchmarks in May 2021.

“Twelve-month headline inflation remained at 3.3 per cent …

The firm has undertaken assignments in 50 of the 54 African countries and employs more than 500 people in its network of over 20 local offices.

This latest partnership comes at a time when the firm’s latest London sales and lettings reports show that June was a record-breaking month for sales transactions, lettings, viewings and new prospective tenants registering.…