From The Sacramento Bee

International investors will join local power developers and gas companies operating in Tanzania in January to discuss the drivers that will facilitate industrial development and increased electrification across the country, encouraging productive and long-term dialogue between public, private, local and international energy partners.

Supported by the Ministry of Energy and Minerals, the state utility TANESCO and regulator EWURA, the Powering Africa: Tanzania summit will be held from 29-31st January 2014 in Dar Es Salaam.

A series of round table debates and scene setting presentations will focus on how best to promote long-term strategies for growth within the country’s power and infrastructure sectors.

The meeting coincides with the launch of U.S President Barack Obama’s “Power Africa” initiative, which has announced Tanzania as one of six priority countries for investment. Experts predict that Tanzania would need to invest $2.9 billion annually for 10 years to meet its infrastructure targets, a view echoed by the International Monetary Fund:

“Tanzania’s infrastructure gap is large and the capacity to borrow is not unlimited, so bringing in the private sector seems to be the obvious solution going forward.”

Written By PR Newswire | Read more at Sacramento Bee