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Kibo, Sepco agree to 3-week extension on MCPP development cost determination

By: Natasha Odendaal     23rd September 2016 Aim- and Alt-X-listed Kibo Mining has agreed to a three-week extension for the determination of the final development amount still due by China-based contractor Sepco III as part of a redefined agreement for the progression of Kibo’s Mbeya coal-to-power project (MCPP), in Tanzania. The agreement,... 

Kibo to fast-track gold assets with heads of agreement with Opera

By: Natasha Odendaal     23rd September 2016 Aim- and AltX-listed Kibo Mining has consolidated its Imweru and Lubando gold projects, in northern Tanzania, into a newly renamed company Katoro Gold Mining. This followed the signing of a heads of agreement with London-listed Opera Investment for the unloading of Kibo’s wholly-owned UK... 

Armadale to increase focus on Tanzania graphite project

By: Megan van Wyngaardt     22nd September 2016 Investment company Armadale Capital will increase its focus on further developing its Mahenge Liandu graphite project in southeast Tanzania, as it represented an “exciting new investment”. Being a key element in the global battery market, the potential of the graphite prospect led to a successful... 

Bribery, corruption a high risk when conducting business in South Africa – lawyer

By: News24Wire      22nd September 2016 Doing business in South Africa comes with a high risk of being drawn into corrupt activities, including bribery, law firm ENS Africa said on Thursday. This was according to a 2016 antibribery and corruption survey conducted by the firm. 

Kibo appoints Absa as Mbeya Project’s financial adviser

By: African News Agency      22nd September 2016 Kibo Mining on Thursday said it had signed an advisory engagement letter with Absa Bank laying out the scope of work and terms under which it will act as financial advisor on the Mbeya Coal to Power Project (MCPP). Kibo is developing a 250 MW to 350 MW mouth-of-mine thermal power station in its... 

Education Innovations in Africa Could Level Playing Field for Millions of Students Worldwide

     22nd September 2016 African public-private partnerships are fast-tracking education improvement from primary school to university, potentially levelling the playing field for millions of students worldwide. In the face of electricity shortages and over-crowding, African public-private partnerships are integrating... 

Edenville’s Rukwa financial model complete

By: Anine Kilian     21st September 2016 Independent power modelling consultancy Diamond Energy has completed a new financial model for Aim-listed Edenville Energy’s Rukwa coal-to-power project, in Tanzania. The new financial model builds on and validates the results and integrity of the financial model compiled from the results of the... 

Engen Tanzania pledges support for disaster recovery

     21st September 2016 Following the devastation caused by an earthquake in Tanzania on 10 September, Engen has pledged Tshs.10 Million in a show of support.   The donation was made in response to a call for help from government for funds to drive a disaster recovery project.   The 5.9 magnitude earthquake which struck... 

Edenville’s Rukwa project progressing into second-stage ESIA

By: Anine Kilian     16th September 2016 Aim-listed Edenville Energy hopes to complete the second stage of its environmental and social impact assessment (ESIA) for the Tanzania-based Rukwa coal-to-power project in the fourth quarter of the year. CEO Rufus Short noted in a statement on Friday that this stage of the ESIA was nearing... 

Kibo shares rise as its signs MoU with GE

By: Anine Kilian     16th September 2016 Kibo Mining's share price on the JSE and LSE rose by about 12% on Friday morning after it announced that it had signed a memorandum of understanding (MOU) with US multinational conglomerate General Electric (GE). GE and its subsidiaries will supply equipment, technology and services to the power... 

TNPA to boost dredging skills through launch of R30m simulator

By: Shirley le Guern     16th September 2016 Transnet National Ports Authority (TNPA) has launched Africa’s first dredging simulator – a computerised training cockpit for aspirant dredger operators – in Durban.  The dredging simulator is located at Durban’s Maritime School of Excellence (MSoE) and will form the core of the school’s newly... 

Airbus Group sees helping African aeronautics sector as good business

By: Keith Campbell     15th September 2016 The Airbus Group (parent of Airbus, Airbus Defence and Space and Airbus Helicopters) is committed to help develop aeronautical industries in Africa, because it believes that this makes good business sense. For the Group, Africa is defined as sub-Saharan Africa plus Morocco (with Egypt, Libya,... 

Avanti, Bentley Walker bring fast Internet to Tanzania

By: Megan van Wyngaardt     12th September 2016 Satellite data communications services provider Avanti Communications has signed a contract with very small aperture terminal, or VSAT, provider Bentley Walker to provide superfast satellite broadband in Tanzania. Through the agreement, the companies will provide Internet connectivity of up to 24... 

Walkabout eyes 'modest' development at Tanzania project

By: Esmarie Swanepoel     9th September 2016 Production from the Lindi jumbo graphite project, in Tanzania, is expected to be below 40 000 t/y, ASX-listed Walkabout Resources revealed on Friday. Speaking at the 2016 Africa Downunder conference, Walkabout MD Allan Mulligan said that although the company could not announce the outcome of its... 

African cities study aims to stimulate conversation on urbanisation

By: Mia Breytenbach     9th September 2016 Multidisciplinary engineering consultancy Arup held the first in a series of workshops on African cities at their Johannesburg offices last week. The workshop presented recently completed research by the Cities group at Arup that focuses on the unique challenges facing African cities and aims to... 

Italtile to expand retail footprint

By: Mia Breytenbach     9th September 2016 With prevailing economic and sociopolitical conditions unlikely to improve in the forthcoming year, JSE-listed ceramic tiles retailer Italtile states that to sustain results at current levels, “opportunities for growth have to be realised within the business”. Further, despite expected growth in... 

SAIW continues to make significant contributions to education

By: Victor Moolman     9th September 2016 Despite there being a decline in enrolments in inspector and competent persons courses for welding, the Southern African Institute of Welding (SAIW) continues to be well positioned to make a significant contribution to capacity building through its education and training programmes. 

FNB shows strong growth as customers seek greater value in tough climate

     8th September 2016 FNB produced excellent results for the year to 30 June with profits in the South African market up 11% and when including FNB Africa up 8%. Concerted initiatives saw the bank gain customers with FNB Premium and Business Banking areas growing customers by 10% and 14% respectively.   “The bank’s... 

Gordon confirms Acacia is ‘noncore’ to Barrick portfolio

By: Esmarie Swanepoel     8th September 2016 Africa-focused gold miner Acacia Mining expects to have a new major shareholder in the future, as CEO Brad Gordon confirms that Barrick Gold considers its 64% stake in the London-listed company as noncore. Speaking to journalists at the Africa Downunder conference in Perth, Gordon was unable to... 

Fortune focuses on financing with new VP, CFO appointment

By: Henry Lazenby     7th September 2016 Multimineral project developer Fortune Minerals is redoubling its focus on securing project financing for its Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories (NT), with the appointment of mining veteran David Massola as CFO and VP of financing. With more than 30 years... 

Master Drilling secures healthy pipeline of projects, despite challenges 

By: Ilan Solomons     6th September 2016 JSE-listed drilling services provider Master Drilling has overcome a challenging economic climate to secure a $208.9-million order book, while its headline earnings a share increased 30.1% year-on-year to 97.6c in the six months ended June 30. At a presentation of the company’s interim results,... 

Kibo receives first payment from Sepco III

By: Anine Kilian     5th September 2016 AltX- and Aim-listed Kibo Mining has received the first payment of $1.8-million from Chinese contractor Sepco III. This follows the signing, last month, of a new, redefined agreement allowing Sepco III to earn the right to become the sole bidder for the engineering, procurement and construction... 

TNPA to boost dredging skills through launch of R30m simulator

By: Shirley le Guern     5th September 2016 Transnet National Ports Authority (TNPA) has launched Africa’s first dredging simulator – a computerised training cockpit for aspirant dredger operators – in Durban.  The dredging simulator is located at Durban’s Maritime School of Excellence (MSoE) and will form the core of the school’s newly... 

Focus on innovation provides opportunities for trade

By: Robyn Wilkinson     2nd September 2016 China’s thirteenth five-year plan – from 2016 to 2020 – includes a clear prioritisation of innovation, which is likely to increase the country’s interest in importing technologies from outside, including from South Africa, says advisory services provider KPMG local China practice in South Africa... 

Tanzania aims to set up oil trading hub in Tanga

By: John Muchira     2nd September 2016 Tanzania plans to establish oil trading hub in the coastal town of Tanga to supply petroleum products in East and Central Africa. Buoyed by Uganda’s decision to opt for the Tanzanian route for its crude oil export pipeline, the East Africa nation announced that plans are underway to transform... 

Kibaran testwork confirms quality of Tanzania project’s graphite

By: Megan van Wyngaardt     31st August 2016 Commercial-scale testwork at ASX-listed Kibaran Resources’ Tanzania-based Epanko project continues to confirm the high quality of the graphite. The testwork results will assist in determining processing routes and sales prices, while also helping to underpin studies to expand Epanko’s planned... 

SA to cease membership of SADC Troika on Politics, Defence and Security Cooperation

By: African News Agency      29th August 2016 South Africa is to end its membership of the Southern African Development Community (SADC) troika on politics, defence and security, the Presidency has revealed. “South Africa will cease to be a Member of the Organ Troika on Politics, Defence and Security Cooperation on 30 August 2016 when the... 

Tanzania’s rural electrification plan gets $470m boost

By: John Muchira     26th August 2016 Tanzania's plans to increase electricity connections in rural areas have been boosted by a $470-million loan that the East African country has secured from a consortium of development partners. The country has made efforts to tackle abject poverty in rural Tanzania, where electricity access has... 

Airliner purchase agreement signed by Tanzanian government

     26th August 2016 The government of Tanzania has signed a firm purchase agreement for two Q400 turboprop airliners, multinational aerospace and transport company Bombardier Commercial Aircraft announced late in July. The aircraft will be delivered with a 76-seat, dual-lavatory configuration and will be used for... 

Megafertiliser manufacturing plant project, Tanzania

By: Sheila Barradas     26th August 2016 The project involves the construction of a fertiliser production plant in the Lidi region of southern Tanzania. 

Tanzania’s rural electrification plan gets $470m boost

By: John Muchira     26th August 2016 Tanzania's plans to increase electricity connections in rural areas have been boosted by a $470-million loan that the East African country has secured from a consortium of development partners. Efforts to tackle abject poverty in rural Tanzania, where electricity access has remained a pipe dream... 

Italtile increases FY turnover, expands retail footprint

By: Mia Breytenbach     25th August 2016 JSE-listed ceramic tiles retailer Italtile has reported a system-wide turnover increase of 14% to R5.96-billion for the year ended June 30, while like-for-like revenue at the retail store level also grew 14%. In expanding its retail footprint, Italtile opened 20 new stores during the reporting... 

Kibo, Sepco ink new contractual deal on Mbeya

By: Natasha Odendaal     25th August 2016 AltX- and Aim-listed Kibo Mining has signed a new, redefined agreement with China-based contractor Sepco III, which can now earn the right to become the sole bidder for the engineering, procurement and construction (EPC) contract to build the power plant component of Kibo’s Mbeya coal-to-power... 

Edenville appoints new chair

By: Creamer Media Reporter      24th August 2016 Aim-listed Edenville Energy, which is developing the Rukwa coal-to-power project, in Tanzania, has appointed Dr Jeff Malaihollo nonexecutive chairperson, effective September 1. He succeeds former chairperson Sally Schofield who resigned in April, citing personal reasons. 

The need for women town planners

     22nd August 2016 Women are fast becoming valuable resources in the engineering industry, however, there is a need for more women to pursue town planning as a career. Statistics provided by the South African Council for Professional Planners indicate that there is a total of 1403 registered planners in the... 

Business Unusual Revolutionising Electrical Construction

     22nd August 2016 EnI Electrical, part of the Zest WEG Group, is not only on a drive to change the electrical contracting industry, but also the larger South Africa construction landscape. Its strategy is working considering that the electrical contractor enjoyed a record revenue year in 2015, while recording 404%... 

Uber mulls new South African services as it expands African footprint 

By: Irma Venter     19th August 2016 There is “huge scope” for Uber to grow in South Africa, says Uber sub-Saharan Africa GM Alon Lits. “My wife and I have one car. I Uber to work every morning and I always drive past all of these cars in traffic with single occupants. I want each and every one of these drivers to switch to Uber.” 

Anaergia takes over as manager of SA’s first commercial biogas plant

By: Irma Venter     19th August 2016  The day-to-day management of South Africa’s first commercial biogas plant have shifted to biogas expert Anaergia Africa, part of the Anaergia international group of companies, as from July. Anaergia Africa will manage the plant in a two-year contract. 

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