Rolls-Royce partners with Karimjee Group to Drive Power Solutions in Tanzania

Rolls-Royce partners with Karimjee Group to Drive Power Solutions in Tanzania

Dar es Salaam, Tanzania – Rolls-Royce (LSE: RR., ADR: RYCEY) through its Power Systems division, is pleased to announce a strategic partnership with Karimjee Group, a leading conglomerate in East Africa with almost 200 years of history, to deliver advanced mtu power solutions across Tanzania.

This collaboration marks a significant step in advancing the country’s energy infrastructure, supporting sustainable development, and boosting industrial growth.

Under this partnership, Rolls-Royce will leverage Karimjee Group’s extensive market presence, local expertise, and distribution network to offer the full mtu product portfolio – especially power generation systems, a strategic focus of the Power Systems division of Rolls-Royce.

Rolls-Royce, through the mtu brand from Power Systems, is globally renowned for its high-performance propulsion solutions and power generation systems.

The portfolio includes diesel and gas systems and battery containers for mission-critical, standby and continuous power, combined generation of heat and power, and micro-grids perfectly suited to meet the demanding critical and industrial needs in Tanzania.

Mtu engines are known for their low emissions, high efficiency and capability to operate on a variety of alternative liquid and gaseous fuels, including hydro-treated vegetable oil (HVO), biodiesel, synthetic diesel, natural gas and biogas.

Sustainable Development: With a focus on reducing carbon emissions, Rolls-Royce’s energy-efficient solutions align with Tanzania’s sustainability goals while contributing to the country’s economic development.

Karimjee Group’s deep understanding of the Tanzanian market ensures that customers will receive unparalleled support, including after-sales service, maintenance and technical expertise.

Rishad Karimjee, Director of Karimjee, said: “We are excited to partner with Rolls-Royce to bring world-class power solutions to Tanzania. This partnership underscores our commitment to driving industrial growth and sustainable development in the region by providing our customers with the most advanced and reliable technologies available.”

Cobus van Schalkwyk, Managing Director, Rolls-Royce Solutions Africa, commented: “Our collaboration with Karimjee is a significant milestone in our efforts to expand our presence in Africa.

Together, we will provide Tanzanian industries with the energy solutions they need to thrive in an increasingly competitive global market.” About Rolls-Royce Holdings plc Rolls-Royce develops and delivers complex power and propulsion solutions for safety-critical applications in the air, at sea and on land.

Our products and service packages enable our customers to connect people, societies, cultures and economies together; they meet the growing need for power generation across multiple industries; and enable governments to equip their armed forces with the power to protect.

Rolls-Royce has a presence in 48 countries and customers in more than 150, comprising over 250 commercial large aero engine customers, 160 armed forces and navies and approximately 40,000 active Power Systems customers.

We are committed to becoming a net zero company by 2050 and we support our customers to do the same. Annual underlying revenue was £15.4bn (55.12trillion TZS) in 2023, underlying operating profit was £1.6bn (5.73trillion TZS) and free cash flow £1.3bn (4.65trillion TZS).

Rolls-Royce Holdings plc is publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69). Rolls-Royce Power Systems is headquartered in Friedrichshafen in southern Germany and employs more than 10,500 people.

The product portfolio includes mtu-brand high-speed engines and propulsion systems for ships, heavy land, and rail and defense vehicles and for the oil and gas industry.

The portfolio also includes diesel and gas systems and battery solutions for mission critical, standby and continuous power, combined generation of heat and power, and micro-grids. With its climate friendly technologies, Rolls-Royce Power Systems is helping to drive the energy transition.

www.rolls-royce.com

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Tanzania: Samia Hands Over NBC’s 354m/ – Crop Insurance Compensation to Farmers Affected By Hailstorms
Tanzania Foreign Investment News
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Tanzania: Samia Hands Over NBC’s 354m/ – Crop Insurance Compensation to Farmers Affected By Hailstorms

President Samia Suluhu Hassan, has handed over a cheque of 354m/- from the National Bank of Commerce (NBC) as compensation to tobacco farmers, who were affected by hailstorms during the previous farming season in various regions across the country.

Handing over the cheque in Dodoma, the compensation is part of the crop insurance service provided by NBC in collaboration with the National Insurance Corporation (NIC).

Furthermore, President Samia has also handed over health insurance coverage to members of the Lindi Mwambao Cooperative Union based in Lindi Region, through the Farmers’ Health Insurance service provided by the bank in partnership with Assurance Insurance Company.

While visiting the bank’s pavilion at the Nanenane Agricultural Exhibition and being received and briefed by the bank’s Managing Director, Mr. Theobald Sabi, she said: “This crop insurance is one of the crucial solutions in ensuring farmers have a reliable income, without fear of challenges such as natural disasters, including hailstorms.

“I call upon all farmers in the country to make the best use of this important opportunity by accessing these kinds of insurance services. I also highly commend NBC and all the stakeholders participating in this programme.”

Elaborating further on the crop insurance service, the Minister of Agriculture, Hussein Bashe, stated that it will help to recover the loss farmers incurred, especially in various calamities beyond their control.

Citing them as floods, fires, and hailstorms, which have significantly affected the well-being of farmers and caused some to be reluctant to invest in the crucial sector, Mr Bashe added: “However, our President, this step by NBC is just the beginning, as this is the second year since they started offering this service, and the results are already visible.

“As the government, we promise to continue supporting the wider implementation of this service, with the goal of ensuring that this crop insurance service reaches more farmers.”

ALSO READ: NBC participates in TFF 2023/24 awards, promises to enhance competition

On his part, Mr Sabi said that the farmers who benefited from the compensations are from 23 primary cooperative unions in the regions of Shinyanga, Geita, Tabora, Mbeya, Katavi, and Kigoma.

He added: “In addition to these insurance services, as a bank, through this exhibition, we have continued with our programme of providing financial education and various banking opportunities to farmers, alongside offering them various loans, including loans for agricultural equipment, particularly tractors, to eligible farmers.:

At the NBC booth, President Samia also had the opportunity to be briefed on the various services offered by the bank to the farmers namely crop insurance and health insurance services.

There, the President had the chance to speak with some of the beneficiaries of the services, including the Vice-Chairman of the Lindi Mwambao Primary Cooperative Union, Mr. Hassan Mnumbe, whose union has been provided with a health insurance card from the bank.

Source: allafrica.com

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