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.
Power generator KenGen is to build a 400-megawatt wind power plant in Meru beginning next year.
The first phase of the project that will generate 100 megawatts (MW) will cost $270 million (Sh26.5 billion) and is to be completed before the end of 2017.
American investors and development researchers have expressed interest in Rwanda's renewable energy sector, with plans already understand way to establish a solar power project under the 'Smart Village Micro-grid' model.
By the year 2018, more than 223 new shopping centres are expected to be opened across the continent and the total surface area (GLA), excluding South Africa, is expected to reach 10 million mÂ˛ by the year under review.
India's largest utility and tractor producer, Mahindra and Mahindra, has set up an Africa-focused business unit as it looks to maintain double-digit growth levels in the continent, the company said on Tuesday.
Devki Group Wednesday opened a Sh7 billion factory in Ruiru, Kiambu County that will be producing 300,000 tonnes of iron sheets every year.
Falcon Oil & Gas is entering into negotiations with the South African government to agree on terms for a licence to explore for shale gas.