Market News

Rand Merchant Bank (RMB) report has predicted that Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019.  East Africa being a fulfilling region in last few years has recorded more than an average growth in the number of Foreign Direc . . .

In order to exchange electricity effectively the state-owned power utility firm is currently undertaking the Kenya-Tanzania Power Interconnection Project (KTPIP). The project includes building of a 400kV transmission line from Singida to Isinya in Kenya through Babati, Arusha and Namanga. Kenya& . . .

Allocation of $8.7 million has been granted by The Tanzanian Government to start countries first Ngozi geothermal project in Mbeya region. The government has allocated 20 billion Tanzanian Shillings for geothermal development.The news was revealed by the board chairman of the Tanzania Geothermal Dev . . .

 Concluding the first phase of the region's power pool project, the Ethiopia and Kenya electricity transmission interconnector is anticipated to be completed next year.   Tanzania was given more than $450 million by the World Bank for a similar project that will connect the country to Za . . .

 According to the Ministry of Water and Irrigation, Stiegler’s Gorge water project in Tanzania is now at 80% complete. Dr. Suphian Masasi, DAWASA Acting Chief Executive Officer, confirmed the news and said that the project, which is implemented through the Dar es Salaam Water and Sewerag . . .