TotalEnergies CEO Patrick Pouyanne said that the memorandum of understanding will see the French firm produce Liquefied Petroleum Gas (LPG) and also deploy large-scale renewable energy technologies to identify areas of commercial investment.

Uganda’s Minister of Energy and Mineral Development, Ruth Nankabirwa said in a speech ahead of the signing that the agreement would put the country on the path to first oil in 2025. She added that EACOP would create approximately 160,000 jobs during the project’s development.

The agreement dictates TotalEnergies will develop solar, wind, geothermal, and other renewable technology power projects in Uganda to add a combined installed electricity output capacity of 1 Gigawatt by 2030 to the current 1.2-Gigawatt production.…

In this context, it is only intelligent and strategic for any country, especially developing economies, to start laying down foundations on how they will work in the coming future.  We take a look at Tanzania. 

The WEF argues that new technologies, demographic shifts, and the impact of COVID-19 on the labour market have been radically transforming how organizations conduct business and the type of skills their human capital needs to support them thrive in this new era of work. 

“Nearly 50 per cent of companies expected that by 2020, automation will lead to some reduction in their full-time workforce, while more than half of all employees will require significant re-skilling and upskilling,” notes WEF. …

• Kenya has started the documentation processes for the dualling of the 40 Kilometre Mtwapa-Kilifi Road
• The project is part of the 460 Km Malindi-Tanga-Bagamoyo East African corridor development project, which is a transnational highway between Kenya and Tanzania
• Once completed, the project will create demand for hospitality facilities at the border entry points and cater for travellers 
• It will also promote property values in Mtwapa and Kilifi, attributed to increased demand and ease of accessibility

Kenya road project Mtwapa Kilifi

Kenya national government has begun the documentation processes for the dualling of the 40 Kilometre project Mtwapa-Kilifi Road.

The project is part of the 460 Km Malindi-Tanga-Bagamoyo East African corridor development project, a transnational highway between Kenya and Tanzania.

The project is estimated to cost KSh 41.7 billion. The primary source of funds is the African Development Bank (AfDB), which approved a KSh 38.4 million financing package for the project …

The RoRo, along with the ramp and terminal were completed as of March 2021 after three years of dedicated construction works. With its completion, vehicles can now be driven, not carried, off the ship.

With this development, large vessels that took up to four days to offload and turn around now take only 17 hours to offload, that is say, an average of three vehicles per minute offloaded per minute.

The terminal is also a major game-changer because instead of driving two km in search of parking, vehicles can now be parked in the spacious berth with a handling capacity of 3,000 vehicles at a time.…

It further explains that the RCF disbursement will continue to help address Tanzania’s urgent balance of payment needs arising from the Covid-19 pandemic.

The money will also serve to provide Tanzania with concessional resources needed to take measures to mitigate the severe socio-economic impact of the pandemic.

Tanzania’s economy is heavily dependent on the tourism industry and as yet, the IMF cautions that travel services receipts and travel arrivals continue to remain below pre-pandemic levels. …

Tanzania: The government, through the Central Bank of Tanzania has successfully kept the economy not only afloat but reasonably expanding even in the face of the global pandemic. because monetary policy staving off effects of covid on the economy.

The Tanzania government has kept its resolve to keep the economy liquid by ensuring there is enough credit for the private sector. As reports the Central Bank, the government has maintained what it describes as an ‘accommodative monetary policy.’

Thanks to this ‘accommodative’ monetary policy, the government of Tanzania has managed to boost credit flows to the private sector and thus managed to support recovery of the economy from the adverse effects of COVID-19.

The monetary policy of Tanzania has been to increase supply of credit to the private sector by using several means including lowering minimum reserve rates at the Central Bank for commercial banks and on the other …