Market News

Tanzania Selous Game Reserve, one of the world’s biggest faunal reserves has gained a lot of traction in recent times from a minimum of 50 multinational companies. The intention of these companies is to construct the Rufigi hydropower project at Stiegler’s Gorge. Potential bidders were r . . .

 The Tanzania-focused mineral exploration and development company, along with the Tanzania Electric Supply Company, received official instruction by the Tanzanian Ministry of Energy and Minerals to prepare a final memorandum of understanding that will govern the further development of the MCPP . . .

 The 5MW Tulila Hydroelectric Plant in the Ruvuma region of Tanzania is helping to reduce dependence on diesel generators and providing valuable power to local rural communities. The plant is run by the Benedictine Sisters of St Agnes, who already operate a smaller plant, Lupilo (400kW), on the . . .

 The finance from Climate Investment Funds (CIF) will develop the Ngozi geothermal steam field in southwestern Tanzania and “ultimately showcase the technology’s broader potential in the country’s energy transformation”, the African Development Bank (AfDB) said.   . . .

 Tanzania received the fund through the bank’s Climate Investment Funds’ (CIF) Scaling-up Renewable Energy Programme (SREP). Under the programme, the country will receive a US$5mn loan and US$16.73mn grant from the AfDB to mitigate the high-risk nature of geothermal prospection and . . .