THE Dar es Salaam Water Supply and Sanitation Authority (DAWASA) has awarded Metito, a leading provider of intelligent water management solutions, the contract to design, build and operate a new Waste Water Treatment Plant (WWTP) in Dar es Salaam Region.
The project to be set up at Mbezi Beach area, is financed by the government in collaboration with the World Bank. It is expected to reduce environmental pollution through safe treatment of waste water.
The 16,000 m3/day waste water treatment plant will have state-of-the-art engineering and technologies to enhance operational and maintenance costs, improve sludge quality and minimise the overall carbon footprint.
According to DAWASA Acting Chief Executive Officer, Kiula Kingu, the plant will be designed to fit in almost half of the allocated area, optimising land usage and maximising savings.
He said the United Arab Emirates (UAE) based Metito’s scope of work involves three years of operation and maintenance for the waste water treatment plant with the full participation of DAWASA staff members in all operational sections of the treatment plant.
“Access to water and sanitation in Tanzania can transform the economic outlook in Dar es Salaam and propel its social development and sustainable growth, we have trusted Metito, a world-leading provider, to develop the new WWTP in the Mbezi beach area and we are confident that the impact that will be created once the plant is operational is highly cost-effective and brings great value to the local community, “said Kingu.
He added that Metito will also use the sludge anaerobic digestion process in the first treatment phase to ensure the sludge is stabilised and the quality of the sludge is maintained.
He said Tanzania has renewed its commitment to increasing access to clean water by adopting the Sustainable Development Goal 6 (clean water and sanitation for all) targets, which the UN set for 2030.
He said the Mbezi WWTP will contribute to Dar es Salaam Region’s sustainable economic and industrial development by creating skilled jobs and safeguarding the health and well-being of the community by providing efficient wastewater treatment.
Commenting on the contract, Karim Madwar, who is Metito Africa Managing Director said, “The project is a true milestone towards modernising Dar es Salaam’s wastewater system and bolstering the resilience of its water infrastructure, all while safeguarding its natural ecosystems.
Metito’s founding principles are Impact, Sustainability, and Innovation, and this project ticks all the boxes we are proud to be working with Dar es Salaam Water Supply and Sanitation Authority on this project and are looking forward to making this a benchmark to similar projects in the region,” he said.
The project award was signed recently and construction is expected to commence this month with the commissioning date set for October 2024.
Source: allafrica.com Original Media SourceShare this news
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Britam half-year net profit hits Sh2bn on higher investment income
Insurer and financial services provider Britam posted a 22.5 percent jump in net earnings for the half-year ended June 2024, to Sh2 billion, buoyed by increased investment income.
The rise in half-year net profit from Sh1.64 billion posted in a similar period last year came on the back of net investment income rising 2.5 times to Sh13.27 billion from Sh5.3 billion.
“We are confident in the growth and performance trend that Britam has achieved, supported by its subsidiaries in Kenya and the region. Our business is expanding its revenue base while effectively managing costs,” Britam Chief Executive Officer Tom Gitogo said.
“Our customer-centric approach is fueling growth in our customer base and product uptake, particularly through micro-insurance, partnerships, and digital channels.”
The investment income growth was fueled by interest and dividend income rising 34 percent to Sh9.1 billion, which the insurer attributed to growth in revenue and the gains from the realignment of the group’s investment portfolio.
Britam also booked a Sh3.79 billion gain on financial assets at a fair value, compared with a Sh1.8 billion loss posted in a similar period last year.
The increased investment income helped offset the 12.7 percent decline in net insurance service result to Sh2.13 billion in the wake of claims paid out rising at a faster pace than that of premiums received.
Britam said insurance revenue, which is money from written premiums, increased to Sh17.8 billion from Sh16.6 billion, primarily driven by growth in the Kenya insurance business and regional general insurance businesses, which contributed 30 percent of the revenue.
The group has a presence in seven countries in Africa namely Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.
Britam’s insurance service expense hit Sh13.6 billion from Sh11.3 billion, while net insurance finance expenses rose 2.6 times to Sh12.3 billion during the same period.
“Net insurance finance expenses increased mainly due to growth in interest cost for the deposit administration business driven by better investment performance. This has also been impacted by a decline in the yield curve, which has led to an increase in the insurance contract liabilities. The increase has been offset by a matching increase in fair value gain on assets,” said Britam.
Britam’s growth in profit is in line with that of other Nairobi Securities Exchange-listed insurers, which have seen a rise in profits.
Jubilee Holdings net profit in the six months increased by 22.7 percent to Sh2.5 billion on increased income from insurance, helping the insurer maintain Sh2 per share interim dividend.
CIC Insurance Group posted a 0.64 percent rise in net profit to Sh709.99 million in the same period as net earnings of Liberty Kenya nearly tripled to Sh632 million from Sh213 million, while Sanlam Kenya emerged from a loss to post a Sh282.2 million net profit.
