Market News

Mbeya — Tanzania and Malawi are expecting to implement a joint 180-megawatt electricity project that will enable each country to produce 90mw.   The two countries also expect to implement another joint project on irrigation where a total of 600 hectares will be developed, with 3000 farm . . .

Dodoma — The Tanzania Electric Supply Company (Tanesco) is mulling over a number of power transmission projects, which would enable the country to have a power transmission ring.   The National Power Backbone project coordinator, Mr Khalid James, said here yesterday that the scheme woul . . .

Singida Wind Power project, which is the first wind farm in Tanzania is expected to begin from May, next year, after negotiations for power purchase agreement between the developer and the government are concluded.   The Managing Director of Six Telecoms, which is among partners to the projec . . .

 Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infras . . .

 At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries. Africa has record . . .