Market News

Arusha — Brazil, an economic giant of South America, is keen to promote stronger economic ties with East Africa, its ambassador to Tanzania Carlos Alfonso iglesias Puente revealed here on Tuesday.   "The Brazilian business community already has a significant presence in Tanzania and Ken . . .

Brazil has expressed interest to invest in the country's energy sector, especially generating bioelectricity and hydropower.   This was said in Dar es Salaam yesterday by the Brazil's Ambassador to Tanzania, Mr Carlos Alfonso Puente, during his meeting with the Minister for Energy and Mineral . . .

 A Chinese company has commenced the construction of a major power transmission line project which will link grids of Ethiopia with Kenya. The firm, China Electric Power Equipment and Technology (CET) announced it has launched the construction of the $ 1.26 billion mega project this week. &nb . . .

 Lindi — Rural Energy Agency (REA) plans to electrify a total of 7,500 villages by 2021, Minister of Energy and Minerals, Professor Sospeter Muhongo, has said. He said as the government embarks on REA phase three, which is expected to take five years, all villages in the country will be c . . .

 Dar es Salaam — Over one million new customers are expected to be connected to electricity services in the next five years during the implementation of phase three of the Rural Energy Agency (Rea) project.   The government will spend a total of Sh7 trillion to implement the projec . . .