Market News

 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 fi . . .

 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 invest . . .

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. . . .

 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 e . . .

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 . . .