Browsing: Dongo Kundu Special Economic Zone

Kenya’s geothermal wells promises cheaper electricity to power the future

Investing
  • Public-Private Partnerships  have allowed  drilling and geothermal energy production capacity to rise.
  • Combined with hydro, these two sources contribute 65.62 percent of the total, while wind and solar account for 18.69 percent.
  • While Kenya Power has tried to revise energy prices in the country, analysts observe that expanding geothermal investments will provide the country with cheaper power for future expansion.
Kenya is the leading producer of geothermal energy in Africa and ranks seventh in the world, behind the United States, Indonesia, the Philippines, Turkey, New Zealand, and Mexico.
Ongoing investments, primarily through Public-Private Partnerships (PPPs), have allowed the country's drilling and geothermal energy production capacity to rise.
Part of this investment is the development of a 35MW Menengai geothermal project is scheduled to begin this month, according to the London-based energy company Globeleq.
Toyota Tsusho Company (TTC) has signed an engineering, procurement, and construction (EPC) contract and a long-term service
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Kenya whets investor appetite with Special Economic Zone

Industry and Trade

Kenya has unveiled a Special Economic Zone (SEZ) in its latest move to lure investors into supporting the country’s industrial growth.

Located at the coastal city of Mombasa, the Dongo Kundu Special Economic Zone launched by President Uhuru Kenyatta over the weekend is designed to be a multi-sectoral zone comprising of Industrial Parks, Free Trade Zones, Free Port, Dongo Kundu Port, Tourism Zone (MICE), Business Service Parks; and Commercial and Residential Zone.

READ ALSO:Kenya attracts major American Investors despite decelerating economy

The SEZ will be developed in three phases with the first phase expected to be ready by 2023 and is projected to inject into the Kenyan economy Sh400 billion($ 3.9 billion) in local and foreign direct investments and create more than 100,000 jobs.

READ ALSO:Ethiopia beats Kenya in Foreign investments

According to President Kenyatta, the Dongo Kundu SEZ will herald a milestone transformation in the coastal region …