Dar es Salaam, April 10 -- DODOMA: TANZANIA and the French Development Agency (AFD) have signed a complementary financing agreement worth 34.86 million Euro (equivalent to 96.47bn/-) for implementation of the Kakono Hydropower project which upon completion will pump into the national grid about 87.8 Megawatts.

The signing ceremony was held at Dodomas Treasury Square between the Permanent Secretary in the Ministry of Finance, Dr Natu Mwamba and AFD Country Director, Ms Celine Robert and witnessed by Deputy Permanent Secretary in the Ministry of Energy, Dr James Mataragio.

The proposed Kakono Hydropower Project which is located approximately 90 kilometres West of Bukoba Municipality in the Northwest corner of Tanzania, along the Kagera Ri...