×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Download App

UK firm to invest Sh25b in bio-gas project

Britain's Equinox Energy Capital is close to concluding a $250 million (Sh25.79 billion) fundraising round to invest in a project in western Kenya to produce electricity from invasive lake weed water hyacinth, the Kenyan presidency said on Friday.

Water hyacinth has choked off large parts of Lake Victoria, a fresh water lake that straddles Kenya, Uganda and Tanzania, and has alarmed environmentalists with its spread over the past two decades.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in