Co-op Bank Earns Global Recognition in Forbes Best Banks Ranking
Co-operative Bank of Kenya has been ranked among the best performing banks in the world by Forbes, placing the Kenyan lender...
Co-operative Bank of Kenya has been ranked among the best performing banks in the world by Forbes, placing the Kenyan lender...
When David Njugi started building his home, connecting to the national electricity grid seemed like an obvious plan. Until he saw the cost. “The national grid had not yet reached my site, and connecting it would have been quite expensive. Solar was a good alternative,” he said. Today, his home runs entirely on solar power. David’s experience is becoming increasingly common across Kenya, and the shift is not just happening in homes. Businesses across the country are also adopting solar power to mitigate rising electricity bills and frequent power outages. About 2,000 of Safaricom’s 7,000 base transmission stations are now fully powered by solar energy. Commercial developments such as the Two Rivers Mall have invested in large-scale rooftop solar as demand for renewable energy grows. According to a report by the International Energy Agency (IEA), electricity access has risen dramatically from 37 per cent in 2013 to 79 per cent in 2023. This positions Kenya on course for universal electricity access by 2030. Yet despite this progress, millions of people still rely on off-grid energy. The report further states that Kenya is now East Africa’s largest off-grid solar market, accounting for nearly 74 per cent of all solar home system sales in the region. One in every five Kenyan households already uses standalone solar systems or mini-grids. However, buying solar and ensuring it is the right solar system are two very different things. For David’s wife, Hellen Wangui, embracing solar required some convincing. “I had always heard about solar, but I didn’t believe it was practical,” she recalls. Read Also: Cledun Realtors Land for Sale in Makutano Mwea at KSh450K...
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