- 15th Edition Connected Banking Summit – Innovation and Excellence Awards 2024
- FTSE 100 back in the red amid inflation update and earning season ramp up
- Rethinking Card Issuing in an Age of Fintech Disruption
- 5th Edition Connected Africa- Africa's Premier Telecom Summit
- BRVM Investment Days Roadshow Return to Johannesburg
Tanzania secures $259 mln funding for power grid link with Kenya
DAR ES SALAAM (Capital Markets in Africa) – Tanzania has secured $258.82 million from the African Development Bank and the Japan International Cooperation Agency for a high voltage electricity line to connect its national power grid to Kenya’s, its power utility said on Sunday.
The 400 kilovolt (kV) line will be completed within two years and is part of efforts to deepen integration between the two countries’ economies, Tanzania’s TANESCO said in a statement on its website.
Kenya has already agreed to pay $50.45 million for work on the link on its side of the border. Bouygues Energies & Services, Kalpataru Power Transmission Ltd and Energoinvest have been awarded contracts to build the line, TANESCO’s statement said.
Source: Reuters Africa News