Tanzania, a melting pot of opportunities is a thriving business centre. With a growing economy, stable socio-political Government and a developed infrastructure in place, Tanzania offers corporations the ideal avenue for investments. Its proximity to the Middle East, Gulf and Europe, together with its easy access to the major ports of the region, enhances its international trade. The countryâ€™s economic policy is a free market-oriented one. It aims at paving the way for faster economic development of the country through private enterprise and individual initiatives.
EXPOGROUP is getting set to flag off the first ever Power & Energy Exhibition & Conference 2015 from the 27th to the 29th of August, 2015 at Tanzania's prime international venue; the Mlimani Conference Centre in Dar-es-Salaam. Attracting delegates and attendees from over 22 countries across Africa and around the world, it is the industryâ€™s premier conference and exhibition dedicated to the power generation, renewable and alternative energy & distribution industries.
General Motors East Africa (GMEA) Ltd has signed a partnership with Auto Xpress to expand its after sales service network. Through the union, Isuzu and Chevrolet customers will now access after sales service from Auto Xpress outlets.
Ethiopiaâ€™s government signed a deal to buy electricity from a geothermal-power plant being developed by companies including Reykjavik Geothermal Ltd. of Iceland, a partner in the project said.
Tullow Oil has announced it expects to produce oil for the first time in Kenya by 2020.
The announcement, made through its 2015 half-year report, puts to rest speculation that had earlier suggested Kenya would start producing oil by 2017.
SkyPower Signs US $2.2 Billion Agreement to Develop and Build 1 GW of Solar Energy Projects in Kenya
NAIROBI, Kenya, July 27, 2015 /CNW/ â€“ SkyPower, the worldâ€™s largest developer and owner of utility-scale solar photovoltaic (PV) energy projects, signed a landmark agreement with the Kenyan Ministry of Energy and Petroleum for the development of 1 GW of world-class solar projects to be built in four phases in Kenya over the next five years.
From milk churning in Zimbabwe to rose growing in Ethiopia, private equity investments in Africa have returned to pre-crisis levels and should keep rising as funds seek bumper returns in far-flung markets.
General Electric Co. booked $2.5 billion of orders from sub-Saharan Africa in the past 11 months, including oil and gas equipment for Eni SpA in Ghana and locomotives for Angola.