An aerial view of Masinga Hydroelectric Power Station, Kenya. Tanzania has turned to the AfDB to finance two of its major infrastructure projects — the 2,100 MW Stiegler’s Gorge hydroelectric plant and the modernisation of Dodoma Airport. FILE PHOTO | NATION
Regional investment firm TransCentury Ltd is in talks with shareholders for a possible injection of fresh capital to turn around the loss-making business weighed down by huge debts and poor performance of its subsidiaries.
The EastAfrican has learnt that the firm, which is listed on the Nairobi Securities Exchange is yet to come out of the woods despite bringing on an anchor shareholder and restructuring its bondholder debt in 2016.
