Market News

Harare — Access to clean sustainable energy has become part of the international development agenda during the past two decades, reflecting the global recognition of the important role that energy plays in the delivery of basic services and in generating jobs and income. Widely regarded as th . . .

The newly appointed Tanzania Electric Supply Company (Tanesco) Board of Directors has pledged to fully support the country's power development projects and facilitate their early completion to tackle the existing electricity problems. The Chairman of the Board, Dr Mighanda Manyahi, made the remarks . . .

Germany is to fund construction of the proposed 6.5MW Maziba hydroelectric power dam in the western district of Kabale, Prime Minister Dr Ruhakana Rugunda has said. Rugunda told residents of Kyanamira sub-county recently that a contractor had already been secured for the $12m (Shs 34bn) project on . . .

The Gilgel Gibe III Hydropower project, constructed and situated on the Omo River in Ethiopia is expected to, once completed, generate 1 870 MW of power assisting in meeting the energy needs of those residing in Ethiopia and neighbouring countries. Construction of the 243m concrete dam began in 2008 . . .

 Regional interconnections and oil discoveries are expected to drive the transmission and distribution industry’s (T&D’s) growth in East Africa, the second-fastest growing region in Africa, global growth consulting firm Frost & Sullivan said on Tuesday. The region’s power sec . . .