Market News

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 . . .

DAR ES SALAAM residents will soon breathe a sigh of relief over water shortages following completion of the construction of a 33KV power line that will enable pumping of 196 million litres of water from Upper Ruvu Water Treatment Plant to the city daily.   The 45-km power line was constructed . . .

Tanzania hopes to triple its power generation output by 2020, and boost access to the national grid.   Under the plan, the government hopes to increase output to 4,915MW from 1,501MW currently, and boost electricity connections to 60 per cent of the country's population of about 51 million pe . . .

East African countries are emerging among leaders on the continent when it comes to putting in place policies on access to energy, energy efficiency and investment in renewable sources.   According to a new World Bank report, Kenya, Tanzania and Uganda -- unlike many countries in sub-Saharan . . .