Market News

Tanzania plans to spend 7 trillion shillings ($3.21 billion) over the next five years to connect about 1 million rural households to electricity, a senior government official said on Monday.   East Africa's second-biggest economy wants to use some of its natural gas reserves to end power shor . . .

Arusha — Brazil, an economic giant of South America, is keen to promote stronger economic ties with East Africa, its ambassador to Tanzania Carlos Alfonso iglesias Puente revealed here on Tuesday.   "The Brazilian business community already has a significant presence in Tanzania and Ken . . .

Brazil has expressed interest to invest in the country's energy sector, especially generating bioelectricity and hydropower.   This was said in Dar es Salaam yesterday by the Brazil's Ambassador to Tanzania, Mr Carlos Alfonso Puente, during his meeting with the Minister for Energy and Mineral . . .

 A Chinese company has commenced the construction of a major power transmission line project which will link grids of Ethiopia with Kenya. The firm, China Electric Power Equipment and Technology (CET) announced it has launched the construction of the $ 1.26 billion mega project this week. &nb . . .

 Lindi — Rural Energy Agency (REA) plans to electrify a total of 7,500 villages by 2021, Minister of Energy and Minerals, Professor Sospeter Muhongo, has said. He said as the government embarks on REA phase three, which is expected to take five years, all villages in the country will be c . . .