Market News| Africa Business News

Tanzania- Stieglers Gorge water project almost complete

According to the Ministry of Water and Irrigation, Stiegler’s Gorge water project in Tanzania is now at 80% complete. Dr. Suphian Masasi, DAWASA Acting Chief Executive Officer, confirmed the news and said that the project, which is implemented through the Dar es Salaam Water and Sewerage Authority (DAWASA), is expected to be completed by August 15 this year. The project is being undertaken by a Chinese company, China Henan.... Read more »

Posted on : Friday , 3rd August 2018

Ethiopia- Measures Taken to Bridge Electricity Gap

Over 70% of people still have no access to electricity even though the current grid covers about 60% of the towns in Ethiopia. This gap motivates the government to look for various partnerships that will assist in connecting this number of people to the national grid. GE Grid Solutions a global power firm announced it has completed a $40 million electricity transmission system improvement turnkey project in.... Read more »

Posted on : Monday , 16th July 2018

Ethiopia- Tendaho Geothermal Project Gets US $9m Grant From AFD

The AFD which stands for French Development Agency has approved US $9m grant for the development of the Tendaho geothermal project. The signing of the grant agreement took place at the Ministry of Finance and Economic Cooperation between Frederic Bontems, Ambassador of France to Ethiopia, Ethiopian State Minister of Finance and Economic Cooperation, Admasu Nebebe, and Ignace Monkam-Daverat, the AFD regional manager in Addis.... Read more »

Posted on : Monday , 9th July 2018

Tanzania to Generate 7mw for Mafia Island

The Tanzanian government has finished two preliminary studies to connect electricity to Mafia Island in the Indian Ocean through submarine cable and generate 7 megawatts through thermal, solar, and wind sources. Ms. Subira Mgalu, Deputy Minister for Energy told the National Assembly that the hybrid power was comparatively cheaper than other sources. "The hybrid sources will add 7MW. The project will start in June of.... Read more »

Posted on : Monday , 11th June 2018

Stiegler's Gorge Energy Project in the Works

The government has vowed to go ahead with its plan to build the 2,100MW Stiegler's Gorge energy generation project. Subira Mgalu, Minerals deputy minister recapped the government's stance in Parliament during the televised Questions and Answers Session when responding to a question by Kawe legislator Halima Mdee-(Chadema). In her question, Ms. Mdee sought to know how power generation using natural gas has contributed to.... Read more »

Posted on : Friday , 8th June 2018

Self-Sufficiency is Key for Tanzania

It is estimated that about 30 percent of Tanzanians have access to electricity from the national grid and self-installed energy sources. That is the case despite the country having abundant energy sources. Access to electricity has remained one of the major challenges in Tanzania. 32.8 percent of Tanzanians accessed electricity in 2016, according to the World Bank development indicators The National Accounts.... Read more »

Posted on : Tuesday , 5th June 2018

National Electrical to Make Waves at the 7th Power & Energy Africa, Kenya

National Electrical Equipments Corporation, the brand that needs no introduction in India, will showcase the best of its technology at the 7th Power & Energy Africa, Kenya, an event that focuses on businesses and products solely related to the development of the power and energy industry. The exhibition will take place at the Kenyatta International Convention Centre, Nairobi from the 29th till 31st of May 2018. The annual event.... Read more »

Posted on : Saturday , 19th May 2018

Saudi Cable Company to participate at Power and Energy Kenya 2018

The SCC Group is driven by one goal – the need to satisfy today’s demands for power and telecommunications systems. With this goal in mind, Saudi Cable Company will be participating at the 7th edition of Power and Energy Africa 2018 in Kenya at the Kenyatta International Convention Center (KICC), Nairobi from the 29th to 31st of May, 2018. Saudi Cable Company (SCC) provides world-class cable products, services and.... Read more »

Posted on : Thursday , 17th May 2018

NTPC- Indian Giants Set to Debut at the 7th edition of Power and Energy Africa 2018 In Kenya.

NTPC the top power company of India with a commissioned capacity of 53,651 MW plans to become a 130 GW company by 2032. It feeds a fourth of India's electricity needs or as they say "NTPC lights up every fourth bulb in the country". Having operations that match global standards, has led to it being known as one of the most efficient power companies in India. This well renowned company is participating at the 7th edition of Power.... Read more »

Posted on : Friday , 27th April 2018

Kenya- Drilling On Longonot Geothermal Project to Start June 2018

African Geothermal International Limited (AGIL) is said to be planning to start drilling for its Longonot geothermal project this June. The company is linked to the Chairman of Kenya’s National Bank, Mohamed Hassan, who is the co-director of AGIL. This announcement comes after a delay of about 5 years. Drilling for one well is said to cost around $5 million at a depth of around 3,500m, with a target of up to.... Read more »

Posted on : Thursday , 1st February 2018

President Kenyatta Encourages More Private Sector Investment in Power Projects

The President, Uhuru Kenyatta said Africa has a huge potential for green energy generation and transmission that the private sector should take advantage of for good returns while at the same time boosting people's access to energy. President Kenyatta was speaking in Addis Ababa during a roundtable meeting as he wrapped up his official visit to Ethiopia that saw him attend the 30thOrdinary Session of the African Union.... Read more »

Posted on : Thursday , 1st February 2018

Kenya Off-Grid Power Firms to Benefit From Sh10bn Fund

Kenyan firms producing off-grid power will be able to acquire capital from a new Sh10.3 billion fund that is being set up by the African Development Bank (AfDB) and a group of international financial investors. The Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), will provide local and hard currency loans to off-grid energy companies that specialize in producing clean electricity, focusing initially on West.... Read more »

Posted on : Wednesday , 17th January 2018