Market News

 Two of America’s largest private equity firms are teaming up with West Africa’s largest industrial conglomerate, Dangote Industries, to invest in Africa.   According to a report by the Wall Street Journal, Black Rhino Group, a portfolio company of Blackstone Energy Partners . . .

  Tata Power is looking for expansion opportunities in East Africa. The private power utility has an installed generation capacity of more than 8,580 MW, with around 1,170 MW coming from clean energy sources. Tata Power, Chief — Business Development, India Business & Renewables, Rah . . .

The development of power infrastructure across East Africa — particularly in Uganda, Kenya, Tanzania, and Rwanda — plays a vital role in supporting the region’s economic expansion. Rapid urbanisation and industrial growth continue to drive electricity demand, with regional consumption projecte . . .

DAR ES SALAAM, Tanzania - The Export–Import Bank of China has given Dar a soft loan of  Tsh 226.7 billion (about $136million) for the wind power project in the Singida region which would be able to generate 50MW. Speaking during 38th Dar es salaam International Trade FAIR (DITF) in Nat . . .

Nairobi - The country is poised to benefit from Tetra Tech's announcement it had been awarded a $64 million contract to provide technical assistance for the Power Africa Transactions and Reform Programme that the United States Agency for International Development (USAID) is funding to improve power . . .