Market News Page No. 341| Africa Business News

Tanzania: Govt Receives USD 200 Million World Bank Loan for Rural Electrification

Arusha — The Tanzania government has received a financial package of USD 200 million from the World Bank (WB) loan to boost rural electric connectivity. The World Bank board of executive directors approved the financing for the Tanzania Rural Electrification Expansion Programme from the International Development Association (IDA). The new financing is a big boost to the project that is expected to connect up to 2.5 million.... Read more »

Posted on : Tuesday , 2nd August 2016

Tanzania: Tanesco Allocates 4.5 Billion For Electricity Distribution Infrastructure Upgrade

Mwanza — Tanzania Electric Supply Company Limited (TANESCO) here has set aside 4.5bn/- for the rehabilitation of electricity distribution infrastructure this fiscal year. The office also plans to connect 14,000 new customers this financial year, the state-run power utility company's Regional Manager, Sarah Assey, said over the weekend while giving an evaluation of power availability and the utility firm's plans to expand the.... Read more »

Posted on : Tuesday , 2nd August 2016

Tanzania: Three Ports to Undergo Major Expansion

Lindi — Tanzania Ports Authority (TPA) has begun improving infrastructure at Mtwara, Lindi and Kilwa ports to prepare them for the emerging economic opportunities brought by oil and gas finds in southern regions. Mtwara Port Manager, Stella Katondo, said the ports are also set to serve products manufactured in industries in the two sister regions of Mtwara and Lindi. "The improvement of these ports is expected to bring.... Read more »

Posted on : Tuesday , 2nd August 2016

Tanzania: UNDP Sponsors Sh221 Million Solar Power Project

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 enable villagers' access clean and safe water. He said at least 31.... Read more »

Posted on : Saturday , 30th July 2016

Tanzania: Govt Seeks Social Security Funds Investment in Fishing Sector

The Ministry of Agriculture, Livestock and Fisheries yesterday held talks with social security funds in Dar es Salaam to consider diverting their investments into deep sea fishing. "It is high time for social security funds to divert their investments in this important sector in the country," Minister of Agriculture, Livestock and Fisheries, Dr Charles Tizeba, said. He said that the government has been struggling to.... Read more »

Posted on : Thursday , 28th July 2016

Tanzania: Smallholder Farmers Set to Benefit From $25 Million Scheme

Dar es Salaam — Smallholder farmers in Tanzania are set to benefit from a $25 million (about Sh55 billion) new Agriculture Finance (AgriFin) programme launched here yesterday. The programme is a brainchild of Mercy Corps and the MasterCard Foundation. It seeks to improve smallholder farmers' access to financial and information services. The initiative will run for six years. It is expected to benefit at least one.... Read more »

Posted on : Thursday , 28th July 2016

Tanzania: Major Flyover Construction to Begin This October

Actual construction of the longawaited flyover at the junction of the Nelson Mandela Expressway and Nyerere Road in Dar es Salaam is set to begin in October, this year, it was revealed yesterday. The Resident Engineer from Oriental Consultants Global, Kiyokazu Tsuji, told this paper in Dar es Salaam that currently the contractor is preparing diversion roads before the actual construction begins. He was speaking on the sideline.... Read more »

Posted on : Thursday , 28th July 2016

East Africa: EAC Governments Urged to Support Intra-Regional Trade in Staple Foods

The East African Community governments have been urged to support intra-regional trade in staple foods of which grain trade makes part. This is to help rise the citizens 'standards of living in the region. This has been said in a meeting by Directors of Eastern Africa Grain Council (EAGC) on Friday last week to deliberate on the challenges hampering cross border trade in staple foods within the Eastern Africa Region. "By.... Read more »

Posted on : Wednesday , 27th July 2016

Tanzania: Construction of Central Railway Begins As Dar, Beijing Sign MoU

Construction of a 2,190-kilometre central railway line to standard gauge has begun after the government signed a Memorandum of Understanding (MoU) with Exim Bank of China in Dar es Salaam yesterday. The agreement involves forming technical teams from both sides to oversee various issues regarding the whole construction process and other administration matters. The Permanent Secretary (PS) in the Ministry of Finance, Dr Servacius.... Read more »

Posted on : Tuesday , 26th July 2016

Tanzania: U.S.$110 Million Tractor Factory to be Financed by Poland

Dar es Salaam — Tanzania has secured a $110-million soft loan from Poland to establish a tractor assembling factory that will enhance the agriculture sector, the government has confirmed. The Permanent Secretary in the Ministry of Industry, Trade and Investment, Dr Adelhem Meru, said the factory, which is expected to be constructed in Kibaha, would take-off before the next financial year. "The construction will start.... Read more »

Posted on : Saturday , 23rd July 2016

Tanzania: Dodoma to Get Commercial Hub, Dry Port

Dodoma — The government plans to establish a commercial hub and dry port in Dodoma for anticipated rise in commercial activities after completion of upgrading of the airport in the designated capital. The Prime Minister, Kassim Majaliwa, has instructed the office of Dodoma Regional Commissioner and the Capital Development Authority (CDA) to allocate areas to establish the centre and the dry port which is to handle huge commercial.... Read more »

Posted on : Saturday , 23rd July 2016

East Africa: 250,000 Households Get Access to Off-Grid Power

Mobisol, one of the leading providers of smart rent-to-own solar solutions in East Africa, has installed 50,000 solar systems for rural homes and businesses, enabling it connect over 250,000 beneficiaries to off-grid energy. Thomas Gottschalk, the Mobisol founder and chief executive officer, said access to clean, affordable and reliable energy empowers entire communities to live up to their potential - improving economic well-being and.... Read more »

Posted on : Saturday , 23rd July 2016