Market News

 The African Development Bank (AfDB) has announced plans to invest $870,000 in Tanzania's Rural Energy Agency (REA) through its Sustainable Energy Fund for Africa (SEFA) trust fund.   ITWEB Africa reports that the money will be used to structure the Renewable Energy Investment Facility ( . . .

Tanzania has abundant energy resources such as hydro, natural gas, coal, uranium, wind, geothermal, biomass, solar, tidal and waves and the demand is equally high. So this demand is attracting suppliers to tap this market and expand to an ever so growing market, with the help of the 03rd Power and E . . .

Dar es Salaam — A total of 3,753, 615 households in Mainland Tanzania are electrified with any form of electricity out of 11,454,818 households, a new study indicates.   This is equivalent to 32.8 per cent of all households of Mainland Tanzania and is an increase from 18 per cent of all . . .

The African Development Bank (AFDB) has unveiled plan to invest $12 billion over the next five years under its new electrification programme. The fund will support its New Deal on energy for Africa which aims to achieve universal access to Africa by 2025. The plan was born out of the Energy Week . . .

African states and stakeholders have been urged to invest more in the power sector and close the continent's energy deficit.   Africa Progress Panel chairman and former UN Secretary-General Kofi Annan and the African Development Bank (AfDB) chief, Akinwumi Adesina, made the call during the la . . .