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    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

    Kenyan Manufacturers launch a plan to manage plastic waste

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

    EAC looks to review its textile strategy

    EAC looks to review its textile strategy

    Rwanda and Uganda lead East Africa in switch to electric cars

    Rwanda and Uganda lead East Africa in switch to electric cars

    L-R: Joseph Anampiu, Commercial Leader ESCA Region, Agriculture PS Prof Hamadi, US Ambassador to Kenya Kyle McCarter and Victoria McCarter during the Corteva launch. The company is positioning itself to provide seed, crop protection and digital solutions to address the recurring food insecurity problem. www.theexchange.africa

    American agribusiness conglomerate makes Nairobi its East African hub

    BAT's Edgar Okioga and KAM CEO Phyillis Wakiaga during the SEACOM Chat. They said that ICT is key to helping Kenya achieve its 2022 GDP growth ambition. www.exchange.co.tz

    America’s Dow celebrates circular economy achievements in Nairobi

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    EU and UNCTAD seeks more coffee aroma from Angola

    EU and UNCTAD seek more coffee aroma from Angola

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    AfDB funds South Sudan’s capital city power distribution system

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    Solar energy Plant

    Burkina Faso benefits from $53 million AfDB funding for solar energy

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    African youth to benefit from Microsoft and AfDB coding platform

    African Development Bank (AfDB)

    Seven African Exchanges and African Development Bank prod investment in Africa

    As world heads to Madrid, PE Climate investments in Africa tops agenda

    As world heads to Madrid, PE Climate investments in Africa tops agenda

    DEG invests EUR30mn into AfricaGrow Fund for SMEs

    DEG invests EUR30mn into AfricaGrow Fund for SMEs

    African Development Bank Launches AFAWA Risk Sharing Facility

    African Development Bank launches AFAWA Risk Sharing Facility

    Aga Khan University recognized by UK's Advance HE

    Aga Khan University recognized by UK’s Advance HE

    Burundian women attire

    Why financing African women in business matters

    Kenya National Chamber of Commerce and Industry President Richard Ngatia(L) and H.E Abdullah Sultan Al Owais, Chairman, Sharjah Chamber of Commerce and Industry sign an MoU to open a satellite trade office in the United Arab Emirates at the UAE- Kenya Trade and Investment Forum./Courtesy

    UAE targets Kenya in new chamber partnership

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    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    Why NSE profits have dropped 82%

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Bear run continues at NSE with drop in key index

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    All eyes on NSE as futures trading kicks off

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE trade more than doubles as market breaks

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    NSE gets green light for Derivatives Market

    CMA is set to recover Ksh208 million from illegal trading in fixed income securities

    Kenya’s security market regulator moves to tame fraud

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE opens week with low share volumes

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    UK firm kicked out of Nairobi Securities Exchange

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Low volumes mark opening of Nairobi Securities trading

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    Kenyans loved watching Kipchoge's INEOS 1:59 challenge but also loved Tanzanian music

    Kenyans loved watching Kipchoge’s INEOS 1:59 challenge but also loved Tanzanian music

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Aga Khan University addresses health issues among youth in Kenya's coastal region

    Aga Khan University addresses health issues among youth in Kenya’s coastal region

    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

    Kenyan Manufacturers launch a plan to manage plastic waste

    IFAD targets Ethiopia's families affected by Climate Change

    IFAD targets Ethiopia’s families affected by Climate Change

    Kenyan woman spearheading the push for women in business in Africa

    Kenyan woman spearheading the push for women in business in Africa

    Google Kenya country manager Charles Murito with Tourism CS Najib Balala during the launch of the street view for National Parks in Kenya. The project covers Kenya’s 21 national parks and one conservancy. www.theexchange.africa

    Google maps Kenya’s National Parks boosting tourism prospects

    EAC looks to review its textile strategy

    EAC looks to review its textile strategy

    Rwanda and Uganda lead East Africa in switch to electric cars

    Rwanda and Uganda lead East Africa in switch to electric cars

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    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

    Kenyan Manufacturers launch a plan to manage plastic waste

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

    EAC looks to review its textile strategy

    EAC looks to review its textile strategy

    Rwanda and Uganda lead East Africa in switch to electric cars

    Rwanda and Uganda lead East Africa in switch to electric cars

    L-R: Joseph Anampiu, Commercial Leader ESCA Region, Agriculture PS Prof Hamadi, US Ambassador to Kenya Kyle McCarter and Victoria McCarter during the Corteva launch. The company is positioning itself to provide seed, crop protection and digital solutions to address the recurring food insecurity problem. www.theexchange.africa

    American agribusiness conglomerate makes Nairobi its East African hub

    BAT's Edgar Okioga and KAM CEO Phyillis Wakiaga during the SEACOM Chat. They said that ICT is key to helping Kenya achieve its 2022 GDP growth ambition. www.exchange.co.tz

    America’s Dow celebrates circular economy achievements in Nairobi

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    EU and UNCTAD seeks more coffee aroma from Angola

    EU and UNCTAD seek more coffee aroma from Angola

    south_sudan_power (AfDB)

    AfDB funds South Sudan’s capital city power distribution system

  • Investing
    • All
    • Africa's Development
    • African Entrepreneurship
    • Small Business
    Solar energy Plant

    Burkina Faso benefits from $53 million AfDB funding for solar energy

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

    African Development Bank (AfDB)

    Seven African Exchanges and African Development Bank prod investment in Africa

    As world heads to Madrid, PE Climate investments in Africa tops agenda

    As world heads to Madrid, PE Climate investments in Africa tops agenda

    DEG invests EUR30mn into AfricaGrow Fund for SMEs

    DEG invests EUR30mn into AfricaGrow Fund for SMEs

    African Development Bank Launches AFAWA Risk Sharing Facility

    African Development Bank launches AFAWA Risk Sharing Facility

    Aga Khan University recognized by UK's Advance HE

    Aga Khan University recognized by UK’s Advance HE

    Burundian women attire

    Why financing African women in business matters

    Kenya National Chamber of Commerce and Industry President Richard Ngatia(L) and H.E Abdullah Sultan Al Owais, Chairman, Sharjah Chamber of Commerce and Industry sign an MoU to open a satellite trade office in the United Arab Emirates at the UAE- Kenya Trade and Investment Forum./Courtesy

    UAE targets Kenya in new chamber partnership

  • Stock Markets
    • All
    • DSE
    • NSE
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    • USE
    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    Why NSE profits have dropped 82%

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Bear run continues at NSE with drop in key index

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    All eyes on NSE as futures trading kicks off

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE trade more than doubles as market breaks

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    NSE gets green light for Derivatives Market

    CMA is set to recover Ksh208 million from illegal trading in fixed income securities

    Kenya’s security market regulator moves to tame fraud

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE opens week with low share volumes

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    UK firm kicked out of Nairobi Securities Exchange

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Low volumes mark opening of Nairobi Securities trading

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    Kenyans loved watching Kipchoge's INEOS 1:59 challenge but also loved Tanzanian music

    Kenyans loved watching Kipchoge’s INEOS 1:59 challenge but also loved Tanzanian music

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Aga Khan University addresses health issues among youth in Kenya's coastal region

    Aga Khan University addresses health issues among youth in Kenya’s coastal region

    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

    Kenyan Manufacturers launch a plan to manage plastic waste

    IFAD targets Ethiopia's families affected by Climate Change

    IFAD targets Ethiopia’s families affected by Climate Change

    Kenyan woman spearheading the push for women in business in Africa

    Kenyan woman spearheading the push for women in business in Africa

    Google Kenya country manager Charles Murito with Tourism CS Najib Balala during the launch of the street view for National Parks in Kenya. The project covers Kenya’s 21 national parks and one conservancy. www.theexchange.africa

    Google maps Kenya’s National Parks boosting tourism prospects

    EAC looks to review its textile strategy

    EAC looks to review its textile strategy

    Rwanda and Uganda lead East Africa in switch to electric cars

    Rwanda and Uganda lead East Africa in switch to electric cars

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Egypt prepares 4MW solar power project for Uganda’s renewable energy

Uganda will also cater for the logistics of the project in terms of taxes and shipping cost from Mombasa, Kenya.

John Green by John Green
August 15, 2018
in Extractive and Energy
0
Egypt to set up 4MW solar project in Uganda

The business environment in Uganda is proving to be more conducive for investors with more investments lining up for a share of the economy.

In a bid to be consistently competitive in the East African region, the Government continues to put efforts to make necessary adjustments to facilitate the growth of businesses and attraction of the same. The value of Foreign Direct Investments continues to rise in the country to affirm the economic development taking place.

Egypt is currently at the forefront of establishing stronger bilateral relations with its African partner. The transcontinental party, in partnership with the Government of Uganda, will implement a 4MW solar power project that is geared at improving the country’s renewable energy performance. Renewable energy has been touted as a reliable source of power for African nations, and a vehicle to drive economic growth. European countries have imbibed the idea as well to enjoy the benefits accrued to it.

Under the grant agreed upon by the two parties, Egypt has provided the necessary equipment and engineering services while Uganda has provided the 7.5-hectare land upon which the project will be implemented. The latter will also cater to the logistics of the project in terms of taxes and shipping cost from Mombasa, Kenya. The project will be Uganda’s third largest power station.

95% of Uganda’s population use traditional solid fuels for domestic activities like cooking and heating. Despite the country being rich in renewable energy sources, a good proportion is still unexploited. This has limited the country’s energy production and expansion of the industrialization sector. Financial risks have been one of the barriers to major exploitation of such regions to support diverse sectors.

ALSO READ: United States pledges $500,000 to support solar energy in Uganda

Less than 10% of the country’s hydropower is being exploited, which has a massive potential for electricity generation. Hydropower could not be counted on much as it is affected by climatic change. Biomass energy is the second most popular renewable resource, especially for villagers. The wind energy has a bright future in the country, which the Government could invest in to facilitate its energy supply with the help of wind turbines. Solar energy has shown promising potential which has received much attention and financial aid.

The country’s estimated renewable energy potential stands at 5,300 MW. Rural electrification will not only attract investments but have a ripple effect on major sectors as industry and agriculture. The country highly relies on agriculture as the backbone of the economy and more investment to better its performance would serve the country right. Poor infrastructure has been a barrier to the development of such areas as they would push the operation cost high.

Access to modern energy services through renewable energy development is a major concern for the energy sector in Uganda.

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