23.6 C
Tuesday, May 28, 2024

Kigen Moi: Little Known Gideon Moi’s Son At The Helm Of Multi-billion Power Plant Sosian Energy

Kigen Moi is the company director of Sosian Energy  Gideon Moi's first born is an alumnus of Bristol University in England  Over the weekend,...

The Top Five Tailors In Kenya

HomeWealthJulius Mwale Announces Expansion Into Sierra Leon, Holds Meeting With President Julius...

Julius Mwale Announces Expansion Into Sierra Leon, Holds Meeting With President Julius Bio

Kenyan tycoon Julius Mwale recently held a meeting with Sierra Leon President Julius Bio to discuss extension of his tech business in the country. 

In a press release, Mwale Medical and Technology City (MMTC) announced the expansion, further informing of an investment tour into the West African country by a delegation led by Mwale.

MMTC announced plans to invest in a smart city with focuses on agriculture, healthcare, energy, transportation and manufacturing.

Mwale and his team headed to Sierra Leon after attending  President William Ruto’s inauguration on September 13.

In May, Mwale announced a partnership with an American firm to build a battery firm in DR Congo.

According to Business Daily, the US Engineering and infrastructure firm KE International enlisted Mwale as one of its partners in the project.

In a statement, Mwale said the battery plant will power smart cities in Kenya and other countries across Africa by providing electric power storage batteries.

“We are investing in building a 16 Gigawatt (16 terawatt) battery manufacturing plant in the DRC, to help power our smart cities in Kenya and the rest of Africa,” he said.

Julius Mwale said he reached the deal during a global conference with a number of financiers including partners for the upcoming project.

“The new partnerships will enable us to expand Mwale Medical tourism city model across Africa, where we have secured 18 locations for smart cities expansion,” he said.

The battery plant will be constructed next to Cobalt and Nickel mines belonging to the Kenyan tycoon.

The construction will be done by KE International which oversaw the construction of Mwale City in the Western part of Kenya.

“This is expected to solve the supply chain issues, in battery supplies in the world. The batteries will also be used to power electric vehicles, bicycles, and for residential and commercial purposes,” said Mwale.