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December 2020: Update on recent developments for investors across East Africa


In this article, we highlight some of the key recent developments investors should be aware of across various sectors in East Africa including information on the progress at the hydropower station in Tanzania, investment opportunities in Rwanda and Kenya, expansion in the banking sector in Ethiopia and much more.
Key recent developments in East Africa:
Tanzania
Dam construction commences at the Julius Nyerere hydropower station
In a bid to further its industrialisation agenda, Tanzania has taken an important step in the ongoing construction of the Julius Nyerere hydropower station. On 18th November, Prime Minister Kassim Majaliwa launched the construction works of the dam section of the project. It is planned that the power plant will have an installed capacity of 2,115 megawatts upon its completion in June 2022. ....

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