Market News

 Pime Minister Kassim Majaliwa has directed the electricity contractor at the Kiluwa Steel Group factory in Coast Region to connect the industry to reliable electricity within 18 days, so that it kicks off operations immediately.   Mr Majaliwa issued the directive yesterday when speaking . . .

 Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce that it has signed a Collaboration Agreement (the “Agreement”) with General Electric International Inc ( . . .

Two contracts, worth $75 million (about Rwf46 billion), for the initial construction works of the Regional Rusumo Falls Hydroelectric Project have been signed.   The contracts for the power project to generate 80 megawatts of electricity were signed in Kigali on Wednesday.   The first . . .

The African Trade Insurance Agency (ATI) has urged the government to strengthen the existing partnership with ATI to bring in 1.2 billion US dollars (2.6tri/-) investments into the energy sector and an additional 1,200 Megawatts into the national grid.   ATI Chief Executive Officer Mr George . . .

The African Trade Insurance Agency (ATI) will tomorrow host an international conference on unlocking investments to maximise Tanzania's Energy Potential.   ATI's Chief Underwriting Officer Mr John Lentaigne said in a statement that, "Most international financiers and lenders simply cannot inv . . .