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Market News

  • Sh60b Soroti solar project nears completion

    Posted on :Thursday , 25th August 2016

     The solar project destined to generate 10MW is in the final stages ahead of its commissioning after major works have been completed.

    Access Uganda Solar Ltd, East Africa's largest solar IPP launched the project in March in Opuyo Parish in Soroti district.
     
    The project worth sh60b shall produce power that will be added to the main power grid will hel. . .

  • Dodging costs and power cuts, Tanzanian firms profit from solar drive

    Posted on :Thursday , 25th August 2016

     With the help of government tax cuts, solar energy for manufacturing is taking off in Tanzania.

     
    Mkarima Tarimo, managing director of Tarimo Industries, a Tanzanian company producing ice cream, yoghurt and fruit juice for export to Europe, is a happy man.
     
    Since January, the firm, based in the northern town of Arusha, has relied pu. . .

  • Tanzanian solar energy provider secures US$18mn

    Posted on :Wednesday , 24th August 2016

     Tanzania-based solar energy provider Off Grid Electric (OGE) has received a total funding of US$18mn for its operations in East Africa.

     
    The financing is provided by two funds in a combination of equity and debt, with US$10mn coming from Helios Investment Partners, a pan-African investment firm, and US$8mn in debt financing from responsAbility, Swiss-based asse. . .

  • Tanzania: Firm Installs Solar Power at Children's Centre

    Posted on :Friday , 19th August 2016

    Shinyanga — A firm has donated and installed solar panels worth Sh75.88 million at Buhangija Centre for children living with albinism

     
    Speaking to The Citizen on Wednesday, CSI Electrical Limited official Joan Kahwa, said the donation was part of the firm's community support programme.
     
    Ms Kahwa said "In a move to reduce the e. . .

  • Tanzania: UNDP Sponsors Sh221 Million Solar Power Project

    Posted on :Saturday , 30th July 2016

     Kilombero — The United Nations Development Programme (UNDP) has donated Sh221million to sponsor a solar energy project for Mofu Village in Kilombero District.

     
    The Kilombero Valley and Development organisation (Kivedo) Director, Hamza Kaposa, told The Citizen the one-year solar energy project will also deal with irrigation and drilling deep wells to enabl. . .

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