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Paragon is one of the largest design practices in Africa

     16th August 2017 Leading architectural, interior design, and space planning practice Paragon is one of the largest in Africa. Over the past seven years, it has undertaken projects in 18 countries on the continent, and in Brazil. Projects have been completed in eleven countries in Africa, encompassing both... 

US Embassy welcomes new Consul General to Cape Town

     11th August 2017 Consul General Virginia Blaser has been appointed to lead the Consulate General in Cape Town. “Consul General Blaser brings extensive experience from across the continent, where she led key US embassies, promoting trade and investment, empowering women and young leaders, and supporting... 

Tanzania Q1 growth slows to 5.7%

By: Reuters     10th August 2017 Tanzanian growth slowed to 5.7% in the first quarter of this year, hurt by slower-than-expected performance of construction, transport, agriculture and the financial services sectors, the statistics office said on Thursday. Growth in the same period of 2016 was 6.8%. 

Helios Towers Tanzania acquires Zantel’s mainland tower portfolio

By: Natasha Odendaal     10th August 2017 Telecommunications infrastructure firm Helios Towers Tanzania (HTT) is acquiring all mainland unique telecoms tower sites from Zanzibar Telecom (Zantel) for an undisclosed amount. The acquisition will bring the Helios Towers Africa (HTA) subsidiary’s telecoms tower sites in Tanzania to around 3... 

Volvo Car SA ready for hybrid, electric vehicle rollout post-2019, says MD

By: Irma Venter     10th August 2017 Volvo Car South Africa (VCSA) MD Greg Maruszewski is confident the local arm of the Swedish group will be able to thrive under its parent company’s new powertrain policy. Volvo announced last month that all new cars launched globally from 2019 onwards will be partially or completely... 

Informal economy not enough to handle Africa's workforce explosion

By: Reuters     10th August 2017 Unemployment in Nigeria, sub-Saharan Africa's largest economy, is running at more than 14% and climbing; in South Africa, the second largest economy, it is over 27%. For youth in both places, it is far more. This may seem bad enough, but according to International Monetary Fund calculations the... 

Trump administration's Africa policy in focus at Agoa trade talks

By: Reuters     8th August 2017 With the Trump administration's trade agenda focused on reining in China and renegotiating the North American Free Trade Agreement, Africa has barely appeared on the radar screen. That could change this week as President Donald Trump's top trade negotiator and other senior US officials head to... 

Clyde & Co further expands its insurance footprint in South Africa with key partner hires

     8th August 2017 Global law firm Clyde & Co has today announced the appointment of Deon Francis and Reshana Pillay as Partners in its leading insurance practice in South Africa. They will be based in Johannesburg. Deon and Reshana both join from Hogan Lovells, where they have built successful self-standing... 

Uganda, Tanzania start work on construction of $3.5bn oil pipeline

By: Reuters     7th August 2017 The leaders of Tanzania and Uganda laid a foundation stone on Saturday for the construction of a $3.55-billion-crude export pipeline that would pump Ugandan oil for international markets. The 1,445 km-project - set for completion by 2020 - will stretch from landlocked Uganda's western region,... 

SADC needs to promote intra-bloc trade and South Africa should lead – OECD

By: Keith Campbell     4th August 2017 The Organisation for Economic Cooperation and Development (OECD), in its July 2017 survey of the South African economy, has urged South Africa to promote further economic integration within the Southern African Development Community (SADC). “SADC is already the largest export market and a major... 

SADC urged to liberalise services and improve business environments

By: Keith Campbell     4th August 2017 In addition to making intraregional trade in goods easier, the member countries of the Southern African Development Community (SADC) should facilitate intra-bloc trade in services and improve their business environments, the Organisation of Economic Cooperation and Development (OECD) argued in... 

Shanta CEO retires as company adapts to regulatory changes in Tanzania

By: Creamer Media Reporter      3rd August 2017 Following recent changes to the regulatory, operating and fiscal environment in Tanzania, Aim-listed Shanta Gold has decided to refocus its strategy on cost control and shareholder returns. In line with the new strategy, Toby Bradbury will retire as CEO and will be succeeded by CFO Eric Zurrin... 

DBSA committed to funding infrastructure projects throughout SADC

By: Anine Kilian     1st August 2017 With low levels of electrification hindering economic growth and development in sub-Saharan Africa – where 78% of the population is reliant on biomass as their main energy source – $57-trillion will be required until 2030 to fund the continent’s infrastructure and energy projects, according to... 

Tanzania, Barrick Gold start talks to resolve tax dispute with Acacia Mining

By: Reuters     31st July 2017 Tanzania's government and Canada's Barrick Gold have started talks to resolve a tax dispute involving Acacia Mining, the President's office said on Monday. The government accuses Acacia, in which Barrick holds a majority stake, of evading taxes over the years by under-declaring exports. Acacia... 

Ngualla goes ahead as planned – Peak

By: Esmarie Swanepoel     31st July 2017 Recently adopted legislative changes in Tanzania would apply to the Ngualla project, but developer Peak Resources said on Monday that impacts would be manageable if rare earth prices continued to rise. Peak MD Darren Townsend said the new legislation appeared to be focused mainly on precious and... 

Acacia, Tanzania dispute intensifies over employee detention

By: Henry Lazenby     28th July 2017 Barrick Gold’s majority-owned African business segment Acacia Mining has reported that a senior international employee of its subsidiary Pangea Minerals has been detained by Tanzania authorities. The official was prevented from leaving Tanzania on Friday morning and had his passport confiscated... 

Barrick president says 'very positive' on Tanzania talks over ban 

By: Reuters     28th July 2017 Barrick Gold, the world's largest gold miner by production, has an "open mind" and is "very positive" about talks getting underway with Tanzania to resolve an export ban, President Kelvin Dushnisky told Reuters on Thursday. Barrick subsidiary Acacia Mining has two mines affected by a ban that... 

Automotive future positive through telematics 

By: Victor Moolman     28th July 2017 The future for automotive fleet management through telematics is positive, says JSE-listed fleet management, insurance telematics and stolen vehicle recovery service provider Cartrack. 

Gas industry will provide foreign investment opportunity

By: Nica Schreuder     28th July 2017 From a fuel and foreign investment perspective, growing a gas industry is a major direct foreign investment opportunity for South Africa, says engineering consultancy WSP Africa power generation director Wayne Lindecke. He adds that the gas-to-power programme (GPP) is a catalyst to significantly... 

Technology, digital solutions part of Botswana firm’s microfinance arsenal as it expands across Africa 

By: David Oliveira     28th July 2017 Botswana-based microfinance company Letshego Holdings, which operates in 11 African countries, aims to use technology and digital solutions to affect economic redress in Africa and provide financial inclusion for the continent’s most underserved markets. Letshego MD Chris Low explains that the... 

World's biggest tax bill is latest worry for African gold miner

By: Bloomberg     27th July 2017 It was supposed to mark a fresh start for the African business of the world’s biggest gold producer. In November 2014, African Barrick Gold would get a new name and new management to distance itself from a troublesome past and disputes with local politicians. Less than three years later, things... 

Tanzania President urges increased control of mineral wealth

By: Bloomberg     26th July 2017 Tanzanians are being cheated out of the country’s mineral wealth and should take more control of their natural resources, President John Magufuli said. Investors in Tanzania’s mining industry have “stolen” from the country by failing to provide a fair share of the revenue they generate from gold... 

Kibo reports accelerated progress at Mbeya

By: Natasha Odendaal     26th July 2017 The Mbeya coal-to-power project (MCPP) was seeing accelerated momentum, with a fresh round of successful follow-up meetings with government departments and other Tanzanian stakeholders concluded, AltX- and Aim-listed Kibo Mining said on Wednesday. The Tanzania-focused mineral exploration and... 

Strandline gets enviro approval for Fungoni

By: Esmarie Swanepoel     26th July 2017 ASX-listed Strandline Resources has secured key environmental approval for its Fungoni heavy mineral sands project, in Tanzania. The grant of the environmental certificate is a key prerequisite for the grant of a mining licence and will remain valid for the life of the project, with Strandline... 

TSX falls, weighed by Barrick and other gold miners

By: Reuters     24th July 2017 Canada's main stock index fell on Monday, as gold miners broadly weighed and Barrick Gold lost nearly 5% after a company it majority owns, Acacia Mining, was hit with a bill for $190-billion in unpaid taxes in Tanzania. Railway stocks, big banks and pipeline and other energy stocks also put... 

Acacia gets almost $200bn adjusted Tanzanian tax assessments

By: Henry Lazenby     24th July 2017 The Tanzania Revenue Authority (TRA) has issued two Acacia Mining subsidiaries with adjusted tax assessments totalling nearly $200-billion in alleged unpaid taxes, penalties and interest owed. This is the latest blow to the operator, whose first-half performance this year was severely impacted by... 

Tanzania concentrate export ban weighs on Acacia’s H1 performance

By: Natasha Odendaal     21st July 2017 Tanzania’s ongoing concentrate export ban, implemented in March, has significantly impacted on LSE-listed Acacia Mining’s results for the first six months of the year. Despite delivering its highest-ever first-half production levels during the period to June, Acacia now expects production to stay... 

Lessons learned underpin multicontinent sugar strategy

By: Robyn Wilkinson     21st July 2017 Specialised polymer manufacturer Vesconite Bearings believes that the experience it has gained from KwaZulu-Natal sugar mills will prove instrumental in ensuring the success of its multi-continent sugar strategy and grow the company’s revenue from new markets. 

May unveils British initiatives aimed at reducing Africa’s reliance on aid

By: Keith Campbell     21st July 2017 British Prime Minister Theresa May used the recent G20 Summit in Hamburg, Germany, to announce a series of new British initiatives intended to reduce the reliance of African countries on aid and increase their long-term stability and prosperity. This was in line with a theme for the summit... 

Vodacom Q1 revenue rises on South African operation’s strong performance

By: Creamer Media Reporter      20th July 2017 Strong revenue growth in its South African operation boosted telecommunications group Vodacom’s group revenue for the quarter ended June 30, by 3.9% year-on-year to R20.7-billion. In South Africa, revenue grew by 7.8% year-on-year to R16.65-billion, underpinned by a 17% increase in equipment... 

Self-Generated Power Needs Special Focus On Efficiency

     20th July 2017 Remote projects that are far from national power grids will tend to pay a premium for generating their own energy; so they need to plan carefully to use it as efficiently as they can. This is the advice of Zest WEG Group CEO Louis Meiring, who emphasises the opportunities presented by modern... 

Russian nuclear giant in MoU with Africa’s young nuclear professionals

     19th July 2017 Russian energy group Rosatom today signed a Memorandum of Understanding on support and cooperation with the African Young Generation in Nuclear organisation, at the POWER-GEN & DistribuTECH Africa conference and exhibition in Sandton. Rosatom, participating in a one-day Nuclear Forum at POWER-GEN... 

Vodacom Tanzania extends deadline for stock market listing

By: Reuters     19th July 2017 Vodacom Tanzania has extended the offer period for its initial public offering for a second time to allow foreign investors to take part, the telecom operator said on Wednesday. The company, a subsidiary of South Africa's Vodacom Group, said it had received approval from Tanzania's capital... 

Shanta to review cost base in light of new legislation, higher royalties

By: Creamer Media Reporter      19th July 2017 East Africa-focused Shanta Gold is undertaking a business review of its operational and cost base in Tanzania, where it operates the New Luika mine, following the introduction of new legislation and higher royalty rates. The Tanzanian Parliament earlier this month enacted the Natural Wealth and... 

Volt signs fourth graphite offtake agreement

By: Esmarie Swanepoel     17th July 2017 Graphite developer Volt Resources has signed a fourth offtake agreement with a Chinese customer, filling in full the Stage 1 capacity of its Namangale project, in Tanzania. Qingdao Tianshengda Graphite has signed an offtake term sheet for an initial 10 000 t/y of flake graphite product from the... 

Kibo unaffected by Tanzania mining legislation changes

By: Anine Kilian     14th July 2017 Tanzania-focused mineral exploration and development company Kibo Mining’s Mbeya coal-to-power-project (MCPP) will not experience any adverse developmental impacts owing to recent changes in Tanzania’s legislative mining environment. Reuters reported that Tanzania’s Parliament had passed two laws... 

Local GBCSA member appointed chair of regional network

By: Anine Kilian     13th July 2017 Green Building Council South Africa (GBCSA) sector managing executive Thulani Kuzwayo has been appointed regional chair of the Africa Regional Network – a group of green building councils working to advance green building within the region. The World Green Building Council’s (WorldGBC’s) Africa... 

AngloGold initiates arbitration proceedings over new Tanzania legislation

By: Ilan Solomons     13th July 2017 Concerned about newly enacted legislation in Tanzania, gold mining major AngloGold Ashanti is seeking a “constructive dialogue” with the Tanzania government to gain assurance that its operations will not be affected by newly enacted legal and fiscal changes to the country’s mining legal regime.... 

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