Market News

 solutions has opened its first retail shop here last week under a new consumer brand name whereby it will now be known as Zola.   Zola is an adaptation to the Swahili word "sola" (solar) and will serve as the brand of the company's operations in Rwanda and Tanzania and evolve into a pan . . .

 For the millions of people living in remote rural areas of Ethiopia who lack access to the power grid or cannot afford electricity, . Instead of relying on kerosene, candles, dry cell batteries and other fossil fuel-based sources of power, they can now turn to off-grid solar to light up their . . .

 The solar project destined to generate 10MW is in the final stages ahead of its commissioning after major works have been completed. Access Uganda Solar Ltd, East Africa's largest solar IPP launched the project in March in Opuyo Parish in Soroti district.   The project worth sh60b shal . . .

 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 . . .