Top 4 Undervalued Stocks to Watch in 2024

Smart investors are always trying to get the best possible deal on whatever security or asset they are buying. The better the deal, the higher the chance of generating a substantial ROI. To do so, we use a wide array of tools to try and analyze today's top undervalued stocks. Within this report you'll find 4 stocks selling below intrinsic value with growth potential.

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Power blackouts hit Tanzania as Cyclone Hidaya intensifies towards the country's coastline

EVELYNE MUSAMBI
May 04, 2024

NAIROBI, Kenya (AP) -- Tanzania's power distributing company on Saturday announced a major blackout for most of the country due to the power grid's failure ahead of approaching Cyclone Hidaya. The metrological department said the cyclone continues toward the coastline.

Heavy rainfall and strong winds have been reported in the coastal areas of Mtwara and Lindi, with forecasts saying that Tanzania's commercial hub, Dar es Salaam, may be affected.

Authorities warned residents to exercise caution as the intensity of the cyclone increases.

The weather service also said more than usual amounts of rainfall were recorded in the coastal areas overnight. The Tanzania Red Cross Society has been carrying out preparedness campaigns along the coast.

Over the past weeks, Tanzania -- like much of East Africa -- has been experiencing heavy rains and flooding which has seen heavy rains and flooding that killed 155 people and affected more than 200,000 others.

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