Business highlights – State to spend Ksh1.5 billion on solar lanterns as Jubilee government promises universal access to electricity within 3 years

Business highlights – State to spend Ksh1.5 billion on solar lanterns as Jubilee government promises universal access to electricity within 3 years

State to spend Ksh1.5 billion on solar lanterns as Jubilee government promises universal access to electricity within 3 years

  • At least five million households in the country have been connected to power, Treasury Cabinet Secretary, Henry Rotich has confirmed
  • The government will spend Ksh1.53 billion for installation of solar lanterns, the CS said
  • This comes as construction work for the 158-megawatt Olkaria V geothermal power project is set to begin next month, according to Energy Principal Secretary, Joseph Njoroge

Rotich – who allocated Ksh9.7 billion to the Last Mile Connectivity project to be spent in the next financial year – said the state will also spend Ksh3.1 billion for the national street lightning programme, Ksh1.3 billion for connectivity subsidy.

Children study under the light of a solar powered lantern

Ksh3 billion will be used in the installation of transformers in constituencies. Kenya Power data shows the country’s energy mix dispatched has improved from 53% hydro, 25% thermal and 20%geothermal power in June 2013 to 41% hydro, 13% thermal and 40% geothermal as at the end of December 2016.

READ ALSO: Government denies sidelining opposition zones in electricity connectivity

State owned power producer, KenGen is putting up the Olkaria project at a cost of Ksh40 billion, mainly funded by the Japan International Co-operation Agency. Njoroge said the government received the funds for the project last month.

The project is part of the 720 megawatts of power that KenGen is targeting to generate that will see 70% of the country connected to the national grid by the year 2020. The Jubilee administration, however, targets to achieve universal electricity connection by 2020.This is being accelerated by the Last Mile Connectivity Project being undertaken by Kenya Power.

Olkaria V is expected to be ready for commissioning and connection to the national electricity grid by 2019.

Middle class Kenyans flock to Cytonn’s Kiambu development to purchase Ksh95 million homes

  • Investment management firm Cytonn has sold 15% of Taraji Heights, its latest project in Ruaka, Kiambu barely a month after the launch.
  • The new development comes after the completion and sale of Amara Ridge a Ksh1 billion high-end residential development is in Karen
  • Cytonn is currently looking for land in Karen for its next development

Taraji Heights, a Ksh2.5 billion project that was launched on March 28, sits on a close to three-acre parcel of land. Taraji Heights is a mixed-use development which comprises two and three bedroomed and three bedrooms with DSQ units. It also has a retail facility, a private clubhouse with a swimming pool, gym and spa and well-manicured gardens.

An artist’s impression of Taraji Heights

It comprises 10 five-bedroom houses which sold at Ksh95 million each.

READ ALSO: Cytonn Investments buys 25% stake in Superior Homes, announces Real Estate Development Partnership

Cytonn is also looking for three-10 acres parcels in Garden Estate, Muthaiga North, South C and Lang’ata. The investment firm said the developments are as a result of growing demand for residential units to house the growing middle class.

Calm down, Balala tells foreign diplomats relaying fears ahead of August elections

  • Foreign diplomats should not blow Kenya’s state of security out of proportion ahead of the August 8 polls as it will undermine the tourism sector, Cabinet Secretary Najib Balala has said
  • The Tourism CS has appealed to all the foreign diplomats working in Kenya not to overreact
  • He cited elections held in 2013, saying that they were peaceful

Balala argued that diplomats should not create fear to tourists wishing to travel to the country. He spoke in reaction to a travel warning issued by the US State Department on April 6 cautioning Americans residing in, or traveling to Kenya, of the possible violence in the run-up to the August 8 polls.

Tourism CS Najib Balala (Photo: Gitobu Ikunda)

There have been a number of cases of violence that have occurred in the country ahead of party primaries which started last week. Among them is the chaos in Migori during an ODM rally on April 3.

READ ALSO: DP Ruto tells off Cord, says there won’t be violence after 2017 election

Violence also erupted during a Jubilee Party delegates election in Laikipia county on December 15. Balala condemned opposition leaders saying that actions should be taken on those associating in violent actions.

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