The World Bank Group has set aside $100 million to help Tanzania increase transparency and accountability in governance and boost public financial management as the country ramps up a series of major infrastructure projects.
The bank said the “first-of-a-kind” ‘open government and public financial management development policy operation (OGPFM) in Tanzania, financed with credit from the bank’s International Development Association (IDA), aims t.... Read more »
Posted on : Friday , 10th July 2015
Dar es Salaam. The World Bank, which is one of the financiers for a $596 million (about Sh1.1 trillion) Dar es Salaam Port upgrade, said at the weekend that it is impressed by the ongoing improvements.
The World Bank is cooperating with the UK’s Department for International Development and TradeMark East Africa (TMEA) to inject a total of $596 million in the project of deepening and strengthening of berths 1-7, the dredging of the entrance channel and turning ba.... Read more »
Posted on : Friday , 10th July 2015
A fortnight after Kenya’s foreign affairs minister Amina Mohammed said that the East African nation and its horn of African neighbor had agreed to settle maritime border issues outside the international court of Justice the Somalia government has said it would submit the case next week.
Posted on : Thursday , 9th July 2015
Renewable energy is one of the most untapped sectors in the country. This was said in Dar es Salaam yesterday by an official with the German firm, the Organisation for Development Cooperation (GIZ), Mr Josephat Focus, at the ongoing Dar es Salaam International Trade Fair (DITF).
Posted on : Thursday , 9th July 2015
Over the past two decades the average investment in infrastructure as a percentage of GDP has hovered around 5 per cent, a much lower ration when compared to growing economies such as China that invest about 9 per cent of their GDP in infrastructure development. This lower ratio is an indication that more investment in this sector is still needed and indeed so it is not surprising that Namibia has not achieved the 7 per cent average growth rate required to make significant pro.... Read more »
Posted on : Thursday , 9th July 2015
Countries seeking to develop newly-discovered petroleum resources are facing a fall in global oil prices, with competition from the ‘shale gas revolution’ in the United States, as well as renewable energy sources.
Posted on : Thursday , 9th July 2015
The biggest wind power farm project in Africa located in Turkana in Kenya was officially inaugurated by President Uhuru Kenyatta in a function that saw many investors put their money on renewable energy production specifically on wind energy.
Posted on : Wednesday , 8th July 2015
China is set to construct a solar power plant in Kenya as part of an ongoing investment plan between the two countries, media reports said Sunday. The 50-megawatt plant, which is planned to be built in the city of Garissa, will be financed by the Export-Import Bank of China, reports said, citing China’s ambassador to Kenya, Liu Xianfa.
Posted on : Wednesday , 8th July 2015
Posted on : Wednesday , 8th July 2015
The new tender system will help the Tanzania Electric Supply Company (TANESCO) and the Rural Energy Authority (REA) to manage a wider range of options before choosing the best bid, explained EWURA’s Director of Electricity, Eng. Anastas Mbawala.
Read more »
Posted on : Wednesday , 8th July 2015
The Sustainable Energy Fund for Africa (SEFA) announced that it more than doubled its project portfolio last year, with commitments of USD 6.5 million, for 10 new projects all over the continent during the launch of its 2014 Annual Report.
Posted on : Wednesday , 8th July 2015
Tanzania has immense solar and wind power potential that could provide much-needed energy for the developing nation, according to preliminary findings from a World Bank renewable energy resource mapping project.
Posted on : Wednesday , 8th July 2015
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