The African Development Bank (AfDB) has announced plans to invest $870,000 in Tanzania's Rural Energy Agency (REA) through its Sustainable Energy Fund for Africa (SEFA) trust fund.   ITWEB Africa reports that the money will be used to structure the Renewable Energy Investment Facility (REIF), to provide affordable finance to private sector clean energy projects involved in energy access to rural communities in.... Read more »

Posted on : Wednesday , 19th July 2017

Tanzania has abundant energy resources such as hydro, natural gas, coal, uranium, wind, geothermal, biomass, solar, tidal and waves and the demand is equally high. So this demand is attracting suppliers to tap this market and expand to an ever so growing market, with the help of the 03rd Power and Energy Tanzania Exhibition it will make it easier for companies around the world to do so. According to new reforms The African Development Bank.... Read more »

Posted on : Tuesday , 13th June 2017

The government is set to prioritise off-grid energy solutions such as solar energy and mini-power plants, reduce energy losses, as well as consider using natural gas instead of diesel in energy generating systems to ensure efficiency.   According to the Minister for Infrastructure, James Musoni, the development is in line with the country's target to generate 563 megawatts and enable 70 per cent of Rwandan households to access electricity.... Read more »

Posted on : Sunday , 14th May 2017

Nairobi — The Lake Turkana Wind Power Project in Loiyangalani, Marsabit County is set to be completed in two months, paving the way for a 310MW injection in the grid.   The project will provide reliable, low-cost wind power to Kenya's national grid for 20 years through 365 wind turbines each with a capacity of 850 kW.   State House Spokesman Manoah Esipisu has said the development of the wind farm is ahead of.... Read more »

Posted on : Tuesday , 2nd May 2017

Two Kenyan power companies have received a Sh164 million grant from former US President Barack Obama's Power Africa initiative to maximise generation of geothermal and solar electricity, known as green energy.   The US Trade and Development Agency, under the Power Africa initiative, on Thursday awarded $1.1 million (Sh113 million) to Nairobi-based Xago Africa and another $500,000 (Sh51 million) to the State-owned KenGen.... Read more »

Posted on : Saturday , 29th April 2017

Kenya is among the countries poised to lead in wind energy investment in Africa this year according to a new report.   Global Wind Energy Council (GWEC), the international trade association for the wind power industry, says Kenya is setting the pace in the region in the use of wind as a renewable source of energy by initiating the generation of 700 megawatts for the national grid.   "For the Middle East and Africa, the main.... Read more »

Posted on : Saturday , 29th April 2017

Dar es Salaam — A total of 3,753, 615 households in Mainland Tanzania are electrified with any form of electricity out of 11,454,818 households, a new study indicates.   This is equivalent to 32.8 per cent of all households of Mainland Tanzania and is an increase from 18 per cent of all households connected to electricity in 2011/12.   The Energy Access Situation Report 2016 released earlier this week by the National Bureau.... Read more »

Posted on : Thursday , 27th April 2017

The African Development Bank (AFDB) has unveiled plan to invest $12 billion over the next five years under its new electrification programme. The fund will support its New Deal on energy for Africa which aims to achieve universal access to Africa by 2025. The plan was born out of the Energy Week conference held in Abidjan, Ivory Coast in March which brought stakeholders together to discuss methods of improving energy access. Until.... Read more »

Posted on : Saturday , 22nd April 2017

 Rwandans are likely to begin benefiting from more power from their national grid following the latest opening of a new peat-fired power plant in Gishoma, western Rwanda, which is the first of its kind in Africa.   The project, which is said to be valued US $39.2 million, is estimated to begin feeding at least 15 megawatts of power in to the national grid directly.   Another key peat-fired plant, which costs US $350 million,.... Read more »

Posted on : Tuesday , 18th April 2017

Kenya's demand for electricity will rise at an annual average of 7.9 per cent over the next decade, the latest research indicates.   BMI Research, a company that provides macroeconomic, industry and financial market analysis said growth would be driven by the rising number of those who are getting connected to the national grid under the rural electrification programme.   "An increase in electrification rates, as the Kenyan.... Read more »

Posted on : Thursday , 6th April 2017

The push by government for Rwanda to achieve a cashless economy is slowly gaining ground with more and more financial institutions embracing and promoting financial technology (fintech). Presently, the majority of banks have rolled out technology-driven services and solutions, a development that has helped them increase options to enhance services as well as enable customers to make transactions easily and deepen inclusion.   The.... Read more »

Posted on : Thursday , 23rd March 2017

African states and stakeholders have been urged to invest more in the power sector and close the continent's energy deficit.   Africa Progress Panel chairman and former UN Secretary-General Kofi Annan and the African Development Bank (AfDB) chief, Akinwumi Adesina, made the call during the launch of the "Lights, Power, Action: Electrifying Africa," report over the weekend.   The report is a follow up to the 2015 Africa.... Read more »

Posted on : Thursday , 23rd March 2017