IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,185,257 — 0.00% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,112.22 — — USD/BRL5.13▲ 0.51% USD/MXN17.54▲ 0.66% USD/CLP933.49▲ 0.92% USD/COP3,255▲ 0.74% USD/PEN3.39▲ 0.18% USD/ARS1,475▼ 0.03% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.74▲ 1.70% EUR/BRL5.86▲ 0.41% BRENT 86.73 ▲ 2.97% WTI 80.83 ▲ 2.38% IRON ORE 161.91 — — COPPER 6.21 ▼ 1.41% GOLD 3,973 ▼ 0.32% SILVER 55.27 ▼ 1.13% SOY 1,199 ▲ 0.29% CORN 465.50 ▲ 5.44% WHEAT 679.25 ▲ 0.67% COFFEE 313.90 ▼ 2.30% SUGAR 14.72 ▲ 1.94% ORANGE JUICE 130.85 ▼ 2.20% COTTON 78.43 ▲ 0.95% COCOA 5,566 ▲ 6.71% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 40.64 ▲ 1.88% VALE3 72.42 ▼ 0.77% ITUB4 42.48 ▼ 0.16% BBDC4 18.33 ▼ 0.43% ABEV3 15.62 ▲ 0.13% BBAS3 20.78 ▲ 0.10% B3SA3 15.34 ▼ 0.32% WEGE3 43.37 ▼ 0.28% PRIO3 57.44 ▲ 1.14% SUZB3 41.72 ▲ 0.05% RENT3 38.61 ▼ 0.64% AZZA3 18.50 ▼ 0.16% CSAN3 3.83 ▼ 1.29% RAIZ4 0.29 — 0.00% PCAR3 2.61 ▲ 0.77% GMAT3 3.90 ▼ 0.51% PSSA3 55.10 ▼ 0.22% CVCB3 1.33 ▼ 1.48% POSI3 3.85 ▼ 0.77% SLCE3 13.65 ▲ 0.29% NATU3 8.52 ▼ 0.47% BRKM5 6.09 ▼ 0.16% RANI3 8.10 ▲ 0.25% CSNA3 5.07 ▼ 0.59% CMIN3 5.47 ▲ 0.37% USIM5 7.86 ▼ 0.51% GGBR4 23.83 ▼ 0.33% ENEV3 25.84 ▼ 0.42% CPFE3 47.19 — 0.00% CMIG4 11.11 ▲ 0.18% EQTL3 39.76 ▼ 0.23% LREN3 13.59 ▼ 0.44% VIVT3 35.50 ▲ 0.08% RAIL3 13.92 ▼ 0.07% KLABIN 17.46 ▲ 0.58% RAIA DROGASIL 18.38 ▼ 0.76% RDOR3 35.70 ▼ 0.47% HAPV3 11.15 ▲ 1.83% FLRY3 16.38 ▼ 0.24% SMTO3 15.71 ▼ 0.06% UGPA3 31.98 ▼ 0.03% VBBR3 34.44 ▲ 0.20% BBSE3 41.24 ▲ 0.15% BPAC11 56.29 ▼ 0.53% CURY3 31.25 ▼ 0.13% AERI3 2.02 — 0.00% VIVARA 23.28 ▼ 0.30% COMPASS 24.94 ▲ 0.12% VAMOS 3.25 ▲ 2.85% SANB11 26.73 ▼ 0.37% ASAI3 8.58 ▲ 0.23% SBSP3 29.26 ▼ 0.14% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.94 ▼ 0.89% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.91 ▲ 0.65% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 664.00 ▼ 1.04% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,265 ▼ 3.37% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,550 ▼ 1.73% BYMA 300.50 ▼ 1.15% TELECOM ARG 4,198 ▼ 2.72% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.44 ▼ 2.70% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 ▼ 1.76% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.83 ▲ 2.54% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.94 ▼ 0.89% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.14 ▲ 0.11% FEMSA ADR 129.49 ▲ 0.56% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.00 ▼ 2.91% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 62,802 ▼ 1.55% ETH 1,814 ▼ 2.65% SOL 73.74 ▼ 2.04% XRP 1.07 ▼ 1.26% BNB 558.48 ▼ 2.40% ADA 0.16 ▼ 1.29% DOGE 0.07 ▼ 1.30% AVAX 6.41 ▼ 1.48% LINK 8.05 ▼ 3.42% DOT 0.84 ▼ 2.19% LTC 44.23 ▼ 1.59% BCH 216.93 ▼ 2.11% TRX 0.32 ▼ 0.15% XLM 0.18 ▼ 1.37% HBAR 0.07 ▼ 1.54% NEAR 1.91 ▼ 2.98% ATOM 1.50 ▼ 0.71% AAVE 90.35 ▼ 0.86% SELIC 14.25% EMBRAER 81.58 ▼ 0.23% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.03 ▼ 0.58% JBS BDR 61.20 ▼ 0.49% MBRF3 15.44 ▲ 0.98% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR16.57▲ 0.88% USD/NGN1,378▼ 0.20% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY162.43▲ 0.02% USD/CNY6.77▼ 0.08% DAX 24,764 ▼ 0.61% CAC 8,327 ▼ 0.61% FTSE 10,569 ▼ 0.03% MIB 51,870 ▼ 0.96% IBEX 19,205 ▼ 0.51% STOXX 640.33 ▼ 0.53% EUR/USD1.14▼ 0.10% GBP/USD1.34▼ 0.78% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 18.66 ▲ 11.54% USD/CAD1.40▼ 0.19% US10Y 4.5330 ▼ 0.79% IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,185,257 — 0.00% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,112.22 — — USD/BRL 5.13 ▲ 0.56% USD/MXN 17.54 ▲ 0.66% USD/CLP 933.49 ▲ 0.92% USD/COP 3,255 ▲ 0.74% USD/PEN 3.39 ▲ 0.18% USD/ARS 1,475 ▼ 0.03% USD/UYU 40.18 ▲ 1.61% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.87% USD/TTD 6.74 ▲ 1.70% EUR/BRL 5.86 ▲ 0.41% BRENT 86.73 ▲ 2.97% WTI 80.83 ▲ 2.38% IRON ORE 161.91 — — COPPER 6.21 ▼ 1.41% GOLD 3,973 ▼ 0.32% SILVER 55.27 ▼ 1.13% SOY 1,199 ▲ 0.29% CORN 465.50 ▲ 5.44% WHEAT 679.25 ▲ 0.67% COFFEE 313.90 ▼ 2.30% SUGAR 14.72 ▲ 1.94% ORANGE JUICE 130.85 ▼ 2.20% COTTON 78.43 ▲ 0.95% COCOA 5,566 ▲ 6.71% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 40.64 ▲ 1.88% VALE3 72.42 ▼ 0.77% ITUB4 42.48 ▼ 0.16% BBDC4 18.33 ▼ 0.43% ABEV3 15.62 ▲ 0.13% BBAS3 20.78 ▲ 0.10% B3SA3 15.34 ▼ 0.32% WEGE3 43.37 ▼ 0.28% PRIO3 57.44 ▲ 1.14% SUZB3 41.72 ▲ 0.05% RENT3 38.61 ▼ 0.64% AZZA3 18.50 ▼ 0.16% CSAN3 3.83 ▼ 1.29% RAIZ4 0.29 — 0.00% PCAR3 2.61 ▲ 0.77% GMAT3 3.90 ▼ 0.51% PSSA3 55.10 ▼ 0.22% CVCB3 1.33 ▼ 1.48% POSI3 3.85 ▼ 0.77% SLCE3 13.65 ▲ 0.29% NATU3 8.52 ▼ 0.47% BRKM5 6.09 ▼ 0.16% RANI3 8.10 ▲ 0.25% CSNA3 5.07 ▼ 0.59% CMIN3 5.47 ▲ 0.37% USIM5 7.86 ▼ 0.51% GGBR4 23.83 ▼ 0.33% ENEV3 25.84 ▼ 0.42% CPFE3 47.19 — 0.00% CMIG4 11.11 ▲ 0.18% EQTL3 39.76 ▼ 0.23% LREN3 13.59 ▼ 0.44% VIVT3 35.50 ▲ 0.08% RAIL3 13.92 ▼ 0.07% KLABIN 17.46 ▲ 0.58% RAIA DROGASIL 18.38 ▼ 0.76% RDOR3 35.70 ▼ 0.47% HAPV3 11.15 ▲ 1.83% FLRY3 16.38 ▼ 0.24% SMTO3 15.71 ▼ 0.06% UGPA3 31.98 ▼ 0.03% VBBR3 34.44 ▲ 0.20% BBSE3 41.24 ▲ 0.15% BPAC11 56.29 ▼ 0.53% CURY3 31.25 ▼ 0.13% AERI3 2.02 — 0.00% VIVARA 23.28 ▼ 0.30% COMPASS 24.94 ▲ 0.12% VAMOS 3.25 ▲ 2.85% SANB11 26.73 ▼ 0.37% ASAI3 8.58 ▲ 0.23% SBSP3 29.26 ▼ 0.14% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.94 ▼ 0.89% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.91 ▲ 0.65% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 664.00 ▼ 1.04% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,265 ▼ 3.37% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,550 ▼ 1.73% BYMA 300.50 ▼ 1.15% TELECOM ARG 4,198 ▼ 2.72% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.44 ▼ 2.70% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 ▼ 1.76% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.83 ▲ 2.54% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.94 ▼ 0.89% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.14 ▲ 0.11% FEMSA ADR 129.49 ▲ 0.56% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.00 ▼ 2.91% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 62,802 ▼ 1.55% ETH 1,814 ▼ 2.65% SOL 73.74 ▼ 2.04% XRP 1.07 ▼ 1.26% BNB 558.48 ▼ 2.40% ADA 0.16 ▼ 1.29% DOGE 0.07 ▼ 1.30% AVAX 6.41 ▼ 1.48% LINK 8.05 ▼ 3.42% DOT 0.84 ▼ 2.19% LTC 44.23 ▼ 1.59% BCH 216.93 ▼ 2.11% TRX 0.32 ▼ 0.15% XLM 0.18 ▼ 1.37% HBAR 0.07 ▼ 1.54% NEAR 1.91 ▼ 2.98% ATOM 1.50 ▼ 0.71% AAVE 90.35 ▼ 0.86% SELIC 14.25% EMBRAER 81.58 ▼ 0.23% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.03 ▼ 0.58% JBS BDR 61.20 ▼ 0.49% MBRF3 15.44 ▲ 0.98% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR 16.56 ▲ 1.08% USD/NGN 1,378 ▲ 0.02% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.42 ▲ 0.05% USD/CNY 6.7776 ▲ 0.21% DAX 24,764 ▼ 0.61% CAC 8,327 ▼ 0.61% FTSE 10,569 ▼ 0.03% MIB 51,870 ▼ 0.96% IBEX 19,205 ▼ 0.51% STOXX 640.33 ▼ 0.53% EUR/USD 1.1434 ▼ 0.09% GBP/USD 1.3435 ▼ 0.33% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 18.66 ▲ 11.54% USD/CAD 1.4020 ▼ 0.14% US10Y 4.5330 ▼ 0.79%
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Friday, July 17, 2026

Africa Eastern Africa

Kenya’s Geothermal Leap and African Potential

By · January 5, 2024 · 2 min read

Africa Intelligence

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In 2023, Kenya harnessed abundant geothermal energy from the Rift Valley’s hot water vapors, positioning itself as a renewable energy leader.

The country aims to compete globally in non-carbon energy resources, offering expertise valuable to other African nations.

About 100 kilometers from Nairobi, the Naivasha Industrial Park, to be completed by 2025, will feature businesses and factories.

Spanning nearly 2000 hectares and costing $884 million, it stands out for its reliance on the Olkaria geothermal plants.

These plants use steam from the Earth’s depths to generate renewable electricity at 5 Kenyan shillings ($0.03) per kilowatt.

In September, KenGen’s CEO David Chirchir showcased these capabilities to Universal Access Solutions Limited officials in Naivasha.

Kenya's Geothermal Leap and African Potential - Rift Valley System. (Photo Internet reprroduction)
Kenya’s Geothermal Leap and African Potential – Rift Valley System. (Photo Internet reprroduction)
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They plan a “green” data center powered by geothermal energy. KenGen believes its resources can sustain global companies amid the shift towards renewable energy.

Kenya’s geothermal potential exceeds 10,000 megawatts, notes KenGen’s President Peter Njenga.

The nation aligns with governmental goals to end fossil fuel reliance on electricity by 2030.

President William Ruto, since September 2022, aims to make Kenya a clean energy leader in Africa.

At the Nairobi Climate Summit, he launched a partnership with IRENA to promote renewable energy across Africa.

Kenya seeks to achieve 100% renewable energy by the decade’s end, joining Iceland and Costa Rica as global leaders in this area.

90% of Kenya’s electricity is renewable

Currently, 90% of Kenya’s electricity is renewable, with geothermal energy contributing 48%.

This energy is produced by heating underground water through volcanic and tectonic activities.

Steam from drilled wells drives turbines connected to electric generators. Transformers then increase the voltage for transmission.

Kenya started exploring geothermal energy in the 1970s. KenGen built the Olkaria I plant with international support, followed by several others.

Today, Kenya is Africa’s top geothermal producer and seventh worldwide.

Despite significant investment costs, Kenya commits to renewable energy, securing a $4.1 billion partnership with the UK for its energy transition.

Across Africa, geothermal production has increased significantly over the decade. An Egyptian study identified 14 African countries with high geothermal potential.

The International Geothermal Association acknowledges 21 African countries with such prospects.

However, harnessing this underutilized resource requires further human capital development, technical assistance, and exploration support.

Ethiopia, with a geothermal potential similar to Kenya’s, illustrates Africa’s vast, untapped renewable energy resources.

This move towards renewable energy, particularly geothermal, is crucial for sustainable development and combating climate change.

Part of our ongoing coverage

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