Market News

 Dar es Salaam — Over one million new customers are expected to be connected to electricity services in the next five years during the implementation of phase three of the Rural Energy Agency (Rea) project.   The government will spend a total of Sh7 trillion to implement the projec . . .

 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 t . . .

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 t . . .

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 R . . .

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 . . .