- Loud, Quiet, or Contextual? What European and African Consumer Behaviour Reveals About Status, History and Power
- Property Investment in Uncertain Times: How to Maximise Returns in a Shifting Economy - Eva August, CEO, Century 21
- Railway infrastructure is one of the solutions to Africa’s Trade Expansion - Caroline Trefault, MSC’s Intermodal Africa Manager
- The Precision Transition: Designing Africa’s power systems for reality, not abstraction
- Three weeks of conflict have tested the logic behind a rand-only portfolio - Harry Scherzer, CEO of Future Forex
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