Sharp Daily
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us
No Result
View All Result
Sharp Daily
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Technology

Govt seeks KES 11 billion for nuclear research program

Austin Wekesa by Austin Wekesa
March 25, 2024
in Technology
Reading Time: 1 min read

Kenya’s aspiration to commence nuclear power production hinges upon securing a minimum investment of KES 11 billion to develop the nation’s inaugural nuclear research reactor, earmarked for research, education, and training purposes.

The Nuclear Power and Energy Agency (NuPEA), the overseeing body of the nuclear power program, disclosed plans to procure these funds in two phases, covering 40% of the initial outlay: KES 3 billion in 2026 and KES 8 billion the subsequent year.

NuPEA’s strategic roadmap spanning 2023 to 2027 delineates multifaceted applications of the reactor in research, education, healthcare, industrial, and energy sectors.

The acquisition of 65 acres at Konza Technopolis for the reactor and ancillary nuclear research infrastructures epitomizes NuPEA’s flagship initiative, necessitating a total investment of KES 32.5 billion.

RELATEDPOSTS

Kenyan businesses to start paying for WhatsApp service messages from October 1

September 28, 2026

Apple Expands Into Kenya With Apple TV and Arcade Launch

September 17, 2026

Following a thorough review by the International Atomic Energy Agency (IAEA), Kenya received validation of substantial strides in establishing requisite infrastructure for its research reactor program.

The nation envisions commissioning the reactor between 2030 and 2034, concurrently contemplating the prospect of a 1,000 Megawatt electrical (MWe) nuclear facility in either Kilifi or Kwale.

NuPEA anticipates engaging up to 7,000 laborers during the peak construction phase and maintaining a staff complement of 700 during operation.

Moreover, it underscores the potential economic windfall, including the reduction of petroleum imports, thus conserving foreign exchange reserves. To underpin these ambitions, NuPEA earmarks KES 4.7 billion for infrastructure setup, which encompasses the KES 2.9 billion allocation for the acquisition of 400 acres of land.

Previous Post

Safaricom partners three African corporate leaders to drive remittance innovation

Next Post

EABL denies allegations by African Originals, cites lack of evidence

Austin Wekesa

Austin Wekesa

Related Posts

Business

Quickmart IPO secures kSh 7.12 billion in global commitments

October 30, 2026
Technology

Kenya plans a central database to track recycled phone numbers

October 12, 2026
Digital Payments

Stablecoins Move Beyond Trading as Digital Payments Enter a New Era

October 5, 2026
Technology

Kenyan businesses to start paying for WhatsApp service messages from October 1

September 28, 2026
Technology

Anthropic releases Claude Opus 5.5 with 1 million token context

September 24, 2026
Technology

Apple weighs Stablecoins integration for Apple Pay,as Cytonn push digital dollars mainstream

September 22, 2026

LATEST STORIES

Understanding Bond Yields and Prices

November 12, 2026

Quickmart debuts on the NSE, opening at Sh10 per share under ticker QMRT

November 12, 2026
John Mbadi, Kenya's treasury secretary, during an interview in Nairobi, Kenya, on Wednesday, Aug. 20, 2025. Kenya is in talks with China to convert dollar-denominated debt the East African nation owes its biggest bilateral lender to yuan and extend the repayment period, Mbadi said. Photographer: Kang-Chun Cheng/Bloomberg via Getty Images

CBK bond swap attracts low investor interest

November 12, 2026

Can Merging Pension Schemes Strengthen Kenya’s Retirement Benefits Industry

November 12, 2026

US investors increase interest in kenya

November 11, 2026

Investing in USD Money Market Funds: A smart choice for stability and liquidity

November 10, 2026

African Stablecoin Adoption Gains Momentum

November 10, 2026

Employers face final hours to file October PAYE returns

November 9, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us

Sharp Daily © 2024