Market News Page No. 12| Africa Business News

Tanzania Seeks $13 Billion to Light Up Nation with Ambitious Energy Reforms

Tanzania has announced a bold $13 billion energy investment plan aimed at transforming the country’s electricity landscape, lighting up rural communities, and promoting clean energy solutions. The announcement was made by President Samia Suluhu Hassan. She outlined Tanzania’s commitment to reaching 72% power connectivity by 2030 through a national energy compact, positioning the country as a key player in the region’s energy light.... Read more »

Posted on : Tuesday , 2nd September 2025

Reviving Kenya’s Drylands Through Wood-Based Solutions

Despite the establishment of various ministries and government departments over the years, the development of Kenya's arid and semi-arid lands (ASALs) has remained largely theoretical. However, a new wave of action is emerging as public and private stakeholders unite around a fresh strategy to restore these landscapes placing sustainable wood production and native tree conservation at the center of the effort. ASALs make up over 80% of Kenya’s.... Read more »

Posted on : Tuesday , 2nd September 2025

Tanzania Rainwater Project Funded by Buzwagi Mine: 4.8 Billion

A 4.8 billion dollar rainwater filtering facility is being funded by the Barrick-Buzwagi Mine, which is nearing the conclusion of its closure phase, to supply Mwendakulima and the rest of Kahama with safe and clean water. During the Uhuru Torch reception and foundation stone laying ceremony, Buzwagi Mine Closure Manager Zonnastraal Mumbi stated that although the mine is in its closure phase, it has chosen to support the project to solve.... Read more »

Posted on : Tuesday , 2nd September 2025

As Electricity Demand Soars, Kengen Explores More Geothermal Fields

Energy Cabinet Secretary Davis Chirchir visited a geothermal well in Pakka Hills located in Baringo County, where the Geothermal Development Company (GDC) is working on several electricity initiatives. The Kenya Electricity Generating Company (KenGen) is actively investigating additional geothermal fields within the nation due to increasing electricity demand.The company has recognized regions within Suswa, Olkaria, Menengai, and Sirali in.... Read more »

Posted on : Friday , 22nd August 2025

An Initial 150 MW of Solar Energy will be Added to the Grid by a Government Owned Solar Power Plant

Tanzania Electric Supply Company (Tanesco) plans to launch a 50-megawatt solar power project in Ngunga village, Kishapu District, Shinyanga Region, this October. The project will eventually contribute 150 megawatts (MW) to the National Grid and is Tanzania's first wholly government-owned solar plant. The project will proceed in two phases, according to Innocent Luoga, Commissioner for Electricity and Renewable Energy, who told The.... Read more »

Posted on : Thursday , 21st August 2025

Tanzania Opens Its First Cutting-edge Copper Processing Facility.

Tanzania has opened its first state-of-the-art copper processing plant in Chunya District, Mbeya Region, marking a dramatic turn towards industrial self-reliance. This breakthrough not only represents progress but also a daring reevaluation of Tanzania's position in the global resource economy. This facility is revolutionizing the nation's copper value chain and bringing it into line with the need for clean energy technologies worldwide..... Read more »

Posted on : Monday , 11th August 2025

France and Tanzania Deepen Their Health Partnership

Tanzania and France have agreed to keep up their close health sector cooperation, with a renewed emphasis on strengthening academic and research cooperation between their top universities, the University of Bordeaux and Muhimbili University of Health and Allied Sciences (MUHAS), to tackle global health issues. The French Ambassador to Tanzania, Anne Sophie Avé, spoke to students and MUHAS employees at a meeting hosted by MUHAS's.... Read more »

Posted on : Wednesday , 6th August 2025

Tanzania Secures USD 55.9M for 2025–2026 Health Basket Fund to Boost Health Systems and Primary Healthcare

In order to promote primary healthcare delivery and fortify health systems, Tanzania has obtained USD 55.9M (around TZS 161.3B) from development partners for the Health Basket Fund (HBF) for the fiscal year 2025–2026. Comparing the amount to the USD 44.3M distributed in the 2022–2023 fiscal year, there is a 20% increase. On July 18, 2025, the HBF's annual side agreement was signed. Senior representatives from development partners.... Read more »

Posted on : Wednesday , 6th August 2025

BasiGo Deploys Hundred Electric Buses in Rwanda and Kenya

By announcing the rollout of its 100th electric bus in Kenya and Rwanda in East Africa, BasiGo has achieved a noteworthy milestone. The business started off in Nairobi in 2022 with just two cars, and it has since progressively grown its fleet to include both Nairobi and Kigali public transportation services. BasiGo now ranks among the biggest electric bus operators in Sub-Saharan Africa as a result of this growth. In an effort to.... Read more »

Posted on : Wednesday , 6th August 2025

Rosatom Launches Uranium Processing Plant in Tanzania

Rosatom subsidiary Mantra Tanzania Ltd has commissioned a pilot uranium processing plant at the Mkuju River project in southern Tanzania. The facility, located at the Nyota deposit, will be used to test uranium processing technologies and provide input into the design of the main processing complex, which would have a production capacity of up to 3,000 tonnes of uranium per year. Its construction is set to begin in the first quarter of 2026,.... Read more »

Posted on : Tuesday , 5th August 2025

A Tanzanian Government Project Has Raised $200 Billion to Improve Access to Water

According to the Dar es Salaam Water and Sanitation Authority (DAWASA), women no longer have to trek great distances to find water because of the "Kumtua Mama Ndoo Kichwani" program. The campaign has helped mobilize 200 billion dollars, which is being used to implement water projects throughout the nation. Numerous water projects around the country have been made possible by the "Kumtua Mama Ndoo Kichwani" campaign. According to him,.... Read more »

Posted on : Monday , 4th August 2025

President Samia Launches Construction of 103 Vocational Schools in 41.6bn/- Initiative

President Samia Suluhu Hassan has begun a historic education initiative by laying the groundwork for one of 103 projected vocational secondary schools across Tanzania, with a total cost of 41.6 billion/-. The formal launch was held at Amali-Mwamapalala Secondary School in Itilima District, Simiyu Region, one of the initiative's key schools and is currently being constructed at a cost of 1.6 billion/- and is already 96% completed.President Samia.... Read more »

Posted on : Monday , 4th August 2025