Market News

Two contracts, worth $75 million (about Rwf46 billion), for the initial construction works of the Regional Rusumo Falls Hydroelectric Project have been signed.   The contracts for the power project to generate 80 megawatts of electricity were signed in Kigali on Wednesday.   The first . . .

The African Trade Insurance Agency (ATI) has urged the government to strengthen the existing partnership with ATI to bring in 1.2 billion US dollars (2.6tri/-) investments into the energy sector and an additional 1,200 Megawatts into the national grid.   ATI Chief Executive Officer Mr George . . .

The African Trade Insurance Agency (ATI) will tomorrow host an international conference on unlocking investments to maximise Tanzania's Energy Potential.   ATI's Chief Underwriting Officer Mr John Lentaigne said in a statement that, "Most international financiers and lenders simply cannot inv . . .

 Africa’s power suppliers can be profitable and still make electricity access affordable for consumers.   That’s according to the World Bank’s report, which looked at utilities’ financial statements and power tariffs in 39 African countries and spending data in 22 . . .

 Kenya recently signed a contract with the North China Power Engineering (NCPE) company for the construction of a 96km power line from Isinya in Kenya to the Namanga border with Tanzania. This is part of the Kenya-Tanzania interconnector project, which involves the construction of about 510km . . .