Monday, September 16, 2013

Kenya:

Centum Targets Geothermal Stake with Offshore Arm (Business Daily Africa)

Centum, a Kenya-based investment company, has created an investment vehicle to spearhead its venture into the local and regional power sector, especially geothermal energy, as the firm diversifies its business.

The company has incorporated Mvuke Power Ltd, a subsidiary registered in Mauritius, that will hold its investments in power generation and distribution.

“The power sector is profitable and important for us,” said Chris Kirubi, a director of Centum.

“We are eyeing the local geothermal projects in the short term but are also open to invest in other power ventures across the region.”

Read More.....