Market News
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Dodging costs and power cuts, Tanzanian firms profit from solar drive
Posted on :Thursday , 25th August 2016
With the help of government tax cuts, solar energy for manufacturing is taking off in Tanzania.
Mkarima Tarimo, managing director of Tarimo Industries, a Tanzanian company producing ice cream, yoghurt and fruit juice for export to Europe, is a happy man.Since January, the firm, based in the northern town of Arusha, has relied pu. . .Tanzanian solar energy provider secures US$18mn
Posted on :Wednesday , 24th August 2016
Tanzania-based solar energy provider Off Grid Electric (OGE) has received a total funding of US$18mn for its operations in East Africa.
The financing is provided by two funds in a combination of equity and debt, with US$10mn coming from Helios Investment Partners, a pan-African investment firm, and US$8mn in debt financing from responsAbility, Swiss-based asse. . .Tanzania: Firm Installs Solar Power at Children's Centre
Posted on :Friday , 19th August 2016
Shinyanga — A firm has donated and installed solar panels worth Sh75.88 million at Buhangija Centre for children living with albinism
Speaking to The Citizen on Wednesday, CSI Electrical Limited official Joan Kahwa, said the donation was part of the firm's community support programme.Ms Kahwa said "In a move to reduce the e. . .Tanzania: UNDP Sponsors Sh221 Million Solar Power Project
Posted on :Saturday , 30th July 2016
Kilombero — The United Nations Development Programme (UNDP) has donated Sh221million to sponsor a solar energy project for Mofu Village in Kilombero District.
The Kilombero Valley and Development organisation (Kivedo) Director, Hamza Kaposa, told The Citizen the one-year solar energy project will also deal with irrigation and drilling deep wells to enabl. . .East Africa: 250,000 Households Get Access to Off-Grid Power
Posted on :Saturday , 23rd July 2016
Mobisol, one of the leading providers of smart rent-to-own solar solutions in East Africa, has installed 50,000 solar systems for rural homes and businesses, enabling it connect over 250,000 beneficiaries to off-grid energy.
Thomas Gottschalk, the Mobisol founder and chief executive officer, said access to clean, affordable and reliable energy empowers entire commun. . .Please Select an Option
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