Market News

The setting up of an 18 MW solar project on the southern end of the islands off the shores of Tanzania is up for bid by Zanzibar's state-owned utility. Applications are due on January 31, 2025. A tender has been issued by Zanzibar Electricity Corp. (ZECO) to design, supply, and build a solar pl . . .

The 370-kilowatt Oda Solar Power Project, which cost Birr 195 million to build, was formally opened in Medewelabu Woreda, East Borena Zone, Oromia Regional State. Dr. Sultan Wali, the State Minister of Water and Energy, underlined during the inauguration that the project will supply power to al . . .

Solar energy has been used since the 17th century, when photovoltaics (PV), a technology that uses semiconducting materials to turn sunlight into electricity, was first developed. Despite continuous discussion regarding the technology's origins, solar panels have unquestionably secured a place in th . . .

Africa's energy landscape is experiencing an enormous shift and the continent is seeing a large influx of investments and opportunities. International investors, development institutions, and private sector players are showing interest in the continent, which is becoming a major player in the global . . .

Leading global provider of financing and goods to low-income consumers, d.light, announces the conclusion of a $176 million securitization facility. African Frontier Capital (AFC) will supply the funding, which will be used to buy receivables in Tanzania, Kenya, and Uganda. With the utilization . . .