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Market News

  • AFDB discloses a $12bn power plan for Africa

    Posted on :Saturday , 22nd 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 to. . .

  • Africa: Govts Urged to Invest More in Energy, Bridge Power Deficit

    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 ov. . .

  • Tanzania: Construction of New 33KW Power Line Complete, Will Help Pump More Water to Dar

    Posted on :Thursday , 16th March 2017

    DAR ES SALAAM residents will soon breathe a sigh of relief over water shortages following completion of the construction of a 33KV power line that will enable pumping of 196 million litres of water from Upper Ruvu Water Treatment Plant to the city daily.

     
    The 45-km power line was constructed from Chalinze sub-station to Mlandizi, where the newly built water treatment. . .

  • Tanzania Aims to Triple Power Generation Output by 2020

    Posted on :Saturday , 4th March 2017

    Tanzania hopes to triple its power generation output by 2020, and boost access to the national grid.

     
    Under the plan, the government hopes to increase output to 4,915MW from 1,501MW currently, and boost electricity connections to 60 per cent of the country's population of about 51 million people, from 36 per cent currently.
     
    The plan wil. . .

  • East Africa Taking Considerable Steps to Boost Energy Access - World Bank Report

    Posted on :Saturday , 4th March 2017

    East African countries are emerging among leaders on the continent when it comes to putting in place policies on access to energy, energy efficiency and investment in renewable sources.

     
    According to a new World Bank report, Kenya, Tanzania and Uganda -- unlike many countries in sub-Saharan Africa -- are taking progressive measures which include: A dedicated budget f. . .

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