Market News| Africa Business News

Tanzania power line to be ready by 2018

Tanzania plans to enter into power trade agreements with East African Community member states after completion of the 400 kilovolt backbone transmission line, set to be completed in the next two years. Tanzania’s Minister for Minerals and Energy Sospeter Muhongo said last week that the initial phase $453.7 million power project extending for 670 kilometres from Iringa in the southern highlands of the country to Shinyanga on.... Read more »

Posted on : Tuesday , 2nd August 2016

Kenya: Sh4 Billion Network Upgrade Planned As Power Lines Go Underground

Kenya Power is set to roll out a massive electricity grid modernisation plan in major towns to stabilise power supply as more customers are hooked to the main network. An elaborate plan seen by the Nation will see the network within Nairobi and its outskirts taken underground. The five year plan running until 2020, will cost Sh4 billion with Upper Hill and Westlands targeted as the city expands and overhead wires become hard to.... Read more »

Posted on : Tuesday , 2nd August 2016

Tanzania: Govt Receives USD 200 Million World Bank Loan for Rural Electrification

Arusha — The Tanzania government has received a financial package of USD 200 million from the World Bank (WB) loan to boost rural electric connectivity. The World Bank board of executive directors approved the financing for the Tanzania Rural Electrification Expansion Programme from the International Development Association (IDA). The new financing is a big boost to the project that is expected to connect up to 2.5 million.... Read more »

Posted on : Tuesday , 2nd August 2016

Tanzania: Tanesco Allocates 4.5 Billion For Electricity Distribution Infrastructure Upgrade

Mwanza — Tanzania Electric Supply Company Limited (TANESCO) here has set aside 4.5bn/- for the rehabilitation of electricity distribution infrastructure this fiscal year. The office also plans to connect 14,000 new customers this financial year, the state-run power utility company's Regional Manager, Sarah Assey, said over the weekend while giving an evaluation of power availability and the utility firm's plans to expand the.... Read more »

Posted on : Tuesday , 2nd August 2016

AFD, DTB to Support Investment in Renewable Energy Technologies

Small and medium enterprises (SMEs) that are interested in investing in renewable energy technologies will now receive soft loans from the French Development Agency through Diamond Trust bank (DTB). Agence Francaise de Development (AFD) and DTB have signed a credit agreement worth Shs 33bn to finance green energy projects in the country. Yves Boudot, the regional director for AFD in East Africa, said the soft loans are accessible to.... Read more »

Posted on : Thursday , 14th July 2016

Tanzania: Sh1.7 Trillion Foreign Boost for Green Energy Initiative

Dar es Salaam — Tanzania's newly launched renewable energy initiative has received a Sh1.7 trillion boost in pledges from foreign donors. Energy minister, Prof Sospeter Muhongo, said at the launch of the initiative yesterday that such pledges from foreign sources complement the government budget of Sh1.2 trillion for rural electrification projects countrywide. The donors are the European Union which pledged 108 million.... Read more »

Posted on : Wednesday , 13th July 2016

Tanzania: SE4ALL Initiative to Give New Boost to Energy Sector

The energy sector got yet another boost yesterday as the country launched its action agenda and investment prospectus for Sustainable Energy for All (SE4ALL) initiative by 2030. The inauguration of the document means that Tanzania has now shown more commitment to the global initiative, SE4ALL, which is the brainchild of the United Nations (UN). The SE4ALL is led by the UN Secretary-General Ban Kimoon, the aim being to achieve.... Read more »

Posted on : Wednesday , 13th July 2016

Tanzania: Energy, Water Sectors Attract Australian Investors

Dar es Salaam — Tanzanians should expect tremendous improvement in the water and energy sectors as a number of Australian investors have expressed their intension to venture into the two areas, a senior Australian official has pledged. The country's vice minister of Federal Ministry of Science, Research and Economy, Ms Bernadette Mariane Gierlinger, revealed Thursday her country had stepped up efforts to increase business with.... Read more »

Posted on : Tuesday , 12th July 2016

East Africa: Focus On Regional Geothermal Development at Power Forum in Nairobi

The upcoming East African Power Industry Convention (EAPIC) in Nairobi, Kenya will focus on how the region can harness the opportunities presented by geothermal power to enhance access to energy, especially among rural communities. "There is no one-size-fits-all approach to developing geothermal. It's an amazing source of base load, renewable energy, but we have to take a realistic approach to how it's developed," said Amanda.... Read more »

Posted on : Tuesday , 5th July 2016

Kenya: AfDB Approves Sh13 Billion Loan to Link more Households to National Grid

About 300,000 households and businesses will be linked to the national grid after the African Development Bank (AfDB) approved a Sh13.5 billion loan for a low-cost connection project. The project targets homes not connected to electricity and which are within a 600-metre radius to a transformer. The loan, which was approved on Monday, is the second disbursement from AfDB under the Last Mile Connectivity project. The.... Read more »

Posted on : Thursday , 30th June 2016

Tanzania: All Villages in Zanzibar to Have Power By 2020 - Minister

Zanzibar — All villages in Zanzibar will have access to reliable electricity supply by 2020, Members of the House of Representatives were informed. Deputy Minister of Lands, Water, Energy and Environment, Juma Makungu Juma, said that the government has been working hard to ensure that houses in rural villages and inhabited small islands easily access power from the National Grid. "We are on track to have our goal.... Read more »

Posted on : Thursday , 30th June 2016

Tanzania: EU Conducts Energy Study in Zanzibar

Zanzibar — Zanzibar may possibly have its own energy source if an ongoing European Union study will succeed, the House was informed. Finance and Planning minister Dr Khalid Salum Mohamed and Energy minister Salama Aboud Talib said that research on possible alternative energy source has been going on in the isles. Zanzibar relies on power from the National Grid from Tanzania Mainland. The ongoing studies involve.... Read more »

Posted on : Wednesday , 29th June 2016