Market News

 Uganda’s new $19 million solar plant in Soroti heralds a new era that will see the country start to change the energy mix away from dependence on hydroelectricity.   The 10 MW facility, located 293km east of Kampala, is the country’s first grid-connected solar plant.   . . .

Dar es Salaam — At least 250,000 displaced Congolese and Burundians living in three refugee camps in Western Tanzania expect to benefit from a largest solar-powered water treatment project.   According to a press statement, Water Mission and Poul Due Jensen Foundation (the Grundfos Foun . . .

 While countries such as Morocco, which hosts the world’s biggest solar photovoltaic plant, are ready to embrace the power of large-scale renewables, solar technologies still lag behind in many African regions. Unpredictable subsidies, poor installations and lack of training on how to mai . . .

 Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infras . . .

 At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries. Africa has record . . .