Sharp Daily
No Result
View All Result
Monday, August 11, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

East Africa to launch regional power market in 2025

Huldah Matara by Huldah Matara
December 10, 2024
in News
Reading Time: 1 min read

East African nations are set to revolutionize energy trading by launching a regional power market in 2025, marking a key milestone in their bid to enhance energy access, affordability, and sustainability. The initiative, spearheaded by the Eastern Africa Power Pool (EAPP) and supported by the World Bank, is expected to benefit over 620 million people across the region.

The proposed Day Ahead Market (DAM) will enable competitive trading of electricity using shared infrastructure and renewable energy resources. Officials emphasize that the market will provide reliable and cost-effective energy, boosting economic productivity and fostering sustainable development.

The announcement was made at a high-level ministerial conference in Mombasa, where energy ministers, regulators, and development partners reviewed progress and outlined a roadmap for implementation. Kenya’s Cabinet Secretary for Energy and Petroleum, Hon. James Opiyo Wandayi, underscored the importance of regional cooperation, highlighting efforts to align national energy priorities with regional objectives.

“As policymakers, it is our duty to create an enabling environment for this market to thrive,” Wandayi stated. “This includes fostering cooperation, addressing regulatory bottlenecks, and ensuring our priorities align with regional goals.”

RELATEDPOSTS

No Content Available

The power market aims to harness the region’s abundant renewable energy resources while enhancing the reliability and affordability of electricity supply. Countries within the EAPP are finalizing institutional mechanisms, technical frameworks, and governance structures to ensure seamless cross-border trade.

Hon. Okasai Opolot, Chairperson of the EAPP Council of Ministers, stressed the importance of aligning regional policies to achieve a unified market framework. “By championing regional integration—lower costs, enhanced resilience, and accelerated renewable energy development—we can inspire collective action for sustainable progress,” Opolot said.

 

 

Previous Post

Kenya’s economic outlook in 2024

Next Post

Co-op Bank strengthens digital payments with new visa business cards

Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

Related Posts

commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

Segregated Pension Schemes in Kenya Q2’2025 Performance

August 8, 2025
Asset allocation dividing an investment portfolio among different asset categories.

Building a Retirement Portfolio in Kenya

August 8, 2025

Steps banks can take to align with fair lending practices

August 7, 2025

The hidden cost of outdated economic statistics

August 7, 2025

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
1049795356

Maximizing Your Pension Contributions

August 1, 2025

The functional role of narrative in financial markets

August 1, 2025

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024