Negative
21Serious
Neutral
Optimistic
Positive
Tanzania Negotiates $900 Million Power Project with Adani
Tanzania is negotiating a $900 million public-private partnership with India's Adani Group to construct high-voltage power lines, as part of the nation's strategy to enhance its power infrastructure. David Kafulila, executive director of Tanzania’s Public-Private Partnership Centre, confirmed that discussions are progressing well, alongside a $300 million project with UK-based Gridworks Development Partners LLP. Adani Group's expansion in East Africa also includes a 30-year concession to operate the main container terminal at Dar es Salaam port, awarded earlier this year. In Kenya, the company is seeking a $736 million deal for high-voltage power lines, but its proposal to manage the main airport has faced significant public backlash and legal challenges. Despite these obstacles, Adani Group continues to pursue its investment strategy in the region, capitalizing on Tanzania's growing economy and infrastructure development opportunities. The company's activities reflect a broader trend of increased foreign investment in East Africa, highlighting the region's strategic importance.
Negative
21Serious
Neutral
Optimistic
Positive
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.