08.05.2024
Artikel Nummer: 49525
1,000 CNG-vehicles for Tanzania
The African asset financing company Watu is extending its support for compressed natural gas (CNG)-powered three-wheelers in Tanzania, aiming to finance at least 1,000 of these CNG-powered vehicles by the end of 2024. The project will intensify efforts to transition the transport sector to cleaner energy sources.
Watu already financed over 200 CNG-powered three-wheelers worth TSHS 2.2 billion (EUR 100 million) in the past two months alone.
The new initiative was recently officially launched in the presence of the Ilala district commissioner, who highlighted the collaborative efforts of the government and private sector through public-private partnerships, Watu said in a press release. (ben)