Multiwall carbon nanotubes are found to generate photocurrent in the visible and near ultra violet spectral range using a photoelectrochemical technique. Peaks in the photocurrent are observed at excitation energies in the visible region. Their electron energy loss spectra exhibit the pi plasmon feature, typical of graphite layers, and a peak at lower energy. Features at energies between 0 and 4 eV have been already observed for single wall carbon nanotubes and ascribed to interband electronic transitions due to the reduced dimensionality of these systems. The present measurements suggest that the usual identification of multiwall carbon nanotubes electronic density of states with that of graphite layers is not sufficient and more theoretic...