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Topic - Tanzania
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Apr 08, 2015
Infrastructure development and expansion in Africa’s fastest growing economies lags far behind the growth rate of populations in those countries, particularly the middle class, which is expected to grow to more than half a billion people in 2030.  Water supply is...
Apr 08, 2015
An independent review of the Epanko graphite project’s economics has resulted in a 55% increase in the project’s net present value (NPV), owner Kibaran Resources reported on Wednesday. An August scoping study estimated that the Epanko project, in Tanzania, could...
Apr 07, 2015
Infrastructure development and expansion in Africa’s fastest growing economies lags far behind the growth rate of populations in those countries, particularlythe middle class, which is expected to grow to more than half a billion people in 2030.Water supply is...
Apr 03, 2015
A feasibility study on the Rukwa coal-to-power project has suggested that a power plant could be developed in two phases.
Apr 02, 2015
Low-cost African airline fastjet plans to conduct a placing to raise gross proceeds of at least $75-million through the issue of new ordinary shares at 0.1p a share, telling the market on Thursday that proceeds would be deployed as expansionary working capital and to...
Apr 01, 2015
Dual-listed Kibo Mining has started Phase 2, Stage 1 of the definitive mining feasibility study (DMFS) for its flagship Rukwa coal-to-power project (RCPP). This followed the confirmation by Minxcon Projects’ technical experts of the conclusion of the Phase 1, Stage 1...
Mar 31, 2015
LSE-listed Shanta Gold has secured a $40-million loan facility from the corporate and investment banking division of Investec Bank. The group, through its operating subsidiary Shanta Mining, would use one-half of the funds to refinance an existing bank loan from...
Mar 31, 2015
ASX-listed junior Magnis Resources has inked a binding term sheet with offtake partner China National Nonmetallic Minerals Industrial Limited Corporation (Sinoma) for $150-million in funding to advance the Nachu graphite project, in Tanzania. The funding would cover...
Mar 31, 2015
Mar 30, 2015
Mar 27, 2015
Mar 27, 2015
 
 
 
Mar 27, 2015
US federal agency the Millennium Challenge Corporation (MCC) is preparing to finance projects to upgrade Malawi’s power grid so that the country can interconnect with neighbours Mozambique, Tanzania and Zambia.   The MCC will finance the projects as part of the...
Mar 26, 2015
Mar 24, 2015
ASX-listed IMX Resources has agreed to revise the terms of a proposed joint venture (JV) with Mauritius-based Fig Tree Resources Fund II, following the completion of a due diligence on the Ntaka Hill nickel project, in Tanzania. The revised transaction structure...
Mar 23, 2015
Pan-African service provider, Gondwana International Networks, parent company to Africa Online, has announced that it will be expanding its VSAT services in Tanzania as well as launching a managed infrastructure and services solution called iManage. Africa Online was...
Mar 23, 2015
ASX-listed rare earths developer Peak Resources has secured a A$5-million loan to allow for development activities at the Ngualla rare earths project, in Tanzania, to continue. The company reported on Monday that, with the conditions precedent for the closing of a...
Mar 20, 2015
Aim-listed Uranium Resources has entered into a further $200 000 unsecured loan facility agreement with its major shareholder and strategic investor Estes for the period to January 1, 2016. The loan, which would bear interest at London Interbank Offered Rate, would...
Mar 20, 2015
BOMBARDIER CRJ 100 AT BLOEMFONTEIN CemAir added 15 CRJ 100 jet liners to its fleet in June to grow as a regional scheduled carrier
Privately owned air carrier CemAir has opened a twice-daily flight from OR Tambo International Airport, in Gauteng, to Bloemfontein, in the Free State, to meet demands of business travellers, says CemAir CEO Miles van der Molen. The company already runs a daily route...
Mar 20, 2015
The project involves the construction of about 508 km of transmission line between Kenya (93 km) and Tanzania (415 km).
Mar 20, 2015
At the end of this month, the Southern Africa Stainless Steel Development Association (Sassda) will release its 2015 Buyer’s Guide, which it believes will be its most comprehensive buyer’s guide yet.
Mar 17, 2015
A report by professional services firm PwC investigating Africa’s most “dynamic” and “future-focused” cities has identified North African cities Cairo, in Egypt, Tunis, in Tunisia, Algiers, in Algeria, and Casablanca, in Morocco, as well as South Africa’s...
 
 
 
 
Mar 17, 2015
ASSA Abloy Entrance Systems, established in Johannesburg, Gauteng, in 2003, is a leading provider of door opening solutions across the African continent. The company has successfully installed a wide range of door solutions in 14 African countries outside South...
Mar 17, 2015
The Common Market for Eastern and Southern Africa (Comesa) Competition Commission has unconditionally approved telecommunications group Telkom’s proposed R2.67-billion takeover of JSE-listed Business Connexion (BCX). The Namibian Competition Commission, the Tanzania...
Mar 16, 2015
Inyatsi Construction Group has been awarded road and sewerage construction contracts in Southern Africa worth in excess of R1.3-billion, the company said on Monday. Inyatsi Roads Zambia was recently awarded a R82.75-million contract to upgrade and build the...
Mar 13, 2015
African agribusiness CEOs are very positive about the possibility of expansion into African countries outside their own, with 72.7% indicating that they would pursue such opportunities, finds PwC’s Agribusinesses Insights Survey 2014/2015. “African CEOs identified...
Mar 13, 2015
A new partnership to boost power generation in Africa by adding at least 5 000 MW of generating capacity over the next ten years was announced last month by Norwegian investment fund for developing countries Norfund, investor in private equity funds in Africa CDC and...
Mar 12, 2015
Project Kgolagano will bring internet connectivity to hospitals and clinics, facilitating a remote diagnosis network and supporting local healthcare service delivery. The Botswana Innovation Hub, in collaboration with Microsoft, the Botswana-UPenn Partnership ,...
Mar 10, 2015
A consolidation of coal mining and power generation technical reports on the Rukwa coal-to-power project (RCCP), in Tanzania, into an integrated prefeasibility study (IPFS) report has shown the project to be “robust” at key consolidated financial, technical and...
Mar 10, 2015
Junior metals developer Rift Valley Resources has moved to acquire unlisted Mtemi Resources Group of Companies following a A$4-million capital raising in February. Under the terms of the acquisition, Rift Valley would acquire Mtemi for 32-million of its own shares,...
Mar 06, 2015
The Energy and Environment Partnership Southern and East Africa is a challenge fund that promotes renewable energy, energy efficiency and clean technology investments. EEP S&EA is active in Botswana, Burundi, Kenya, Lesotho, Mozambique, Namibia, Rwanda, Seychelles,...
Mar 06, 2015
ASX-listed junior Magnis Resources has raised A$6.5-million through a share placement to sophisticated and institutional investors to advance its Nachu graphite project, in Tanzania. Magnis placed 26-million shares, at 25c each, to raise the funding.
 
 
 
 
Mar 05, 2015
JSE-listed Impala Platinum (Implats) has appointed former Cabinet Minister Dr Sydney Mufamadi, former Harmony Gold CEO Bernard Swanepoel and former African Development Bank COO Dr Nkosana Moyo as independent nonexecutive directors, with immediate effect.  Mufamadi is...
Mar 04, 2015
Bitcon Industries, leading producer of fire doors in South Africa, has secured one of the biggest export orders to sub-Saharan Africa the company has landed in its 48 year history. Bob Vollmer, director of Boksburg-based Bitcon Industries, says the company is...
Mar 04, 2015
The Chryso Southern Africa Group has entered into an agreement with the Luanda-based company, Lunapa, for the distribution of the Chryso range of admixtures and ancillary concrete performance enhancing products in Angola. The Chryso Southern Africa Group includes...
Mar 04, 2015
Aim-listed Richland Resources this week closed the sale of its tanzanite mining, beneficiation and tsavorite licence interests in Tanzania to Sky Associates for $5.1-million. The gemstone miner announced in November 2014 that it would exit Tanzania to focus on its...
Mar 02, 2015
Tanzania-focused mineral explorer Kibo Mining has received commitments to a share placing of 19-million new ordinary shares at a placing price of 5p apiece to raise gross proceeds of £950 000. “We are very pleased to undertake this placing, primarily because of the...
Mar 02, 2015
A feasibility study and financial model of Edenville Energy’s proposed Rukwa coal-to-power project, in Western Tanzania, have suggested a two-phase construction period that could see the development of an integrated coal mine and power plant boasting generating...
Mar 02, 2015
Australian junior Magnis Resources on Monday announced the signing of a memorandum of understanding (MoU) with China-based Sinoma for the financing, design and construction of the Nachu graphite project, in Tanzania. The ASX-listed company said in a statement on...
Feb 27, 2015
Gas has the potential to account for more than 40% of the electricity generated in sub-Saharan Africa (SSA) from 2020 onwards, a new report by McKinsey & Company shows, adding that, by 2040, gas-fired capacity could be responsible for more than 700 terawatt-hours in...
Feb 27, 2015
Construction and engineering group Aveng has been faced with weak markets almost everywhere it turned, says CEO Kobus Verster. Continued softness in the local construction sector has made it particularly difficult for the still-struggling Grinaker-LTA to regain its...
Feb 26, 2015
TSX-V-listed Montero Mining & Exploration has declined participation in the Moyale graphite project, in Ethiopia, the company reported on Thursday. Montero had in August entered into a binding agreement with Ethiopia-based Hulager General Import & Export to acquire...
 
 
 
 
Feb 26, 2015
Tanzania focused exploration and development company Kibo Mining has completed due diligence on its Morogoro South gold-prospective exploration portfolio and has started its 50/50 joint venture (JV) activities with investing company Metal Tiger. The portfolio, which...
Feb 26, 2015
Against a backdrop of falling oil prices, companies in the oil and gas industry are increasingly considering reducing their exploration activity and finding ways to cut costs, including through large-scale retrenchments. Advisory firm PwC Africa Oil and Gas leader...
Feb 23, 2015
Aim-listed gemstone developer and producer Richland Resources has agreed with Tanzanian company Sky Associates to extend the longstop date for the sale of Richland’s tanzanite mining and beneficiaiton business, as well as its tsavorite licence interest in Tanzania,...
Feb 23, 2015
Gold miner Resolute has reported a A$324-million after tax loss for the first half of 2014, on the back of a A$323-million noncash impairment charge. The miner noted that the impairment charge was triggered by the deferral of the Syama Stage 2 openpit cut back, in...
Feb 20, 2015
South Africa needs to move faster to unlock the digital dividend expected from the migration from analogue to digital terrestrial television, says Communications Minister Faith Muthambi.
 
 
 
 
 
 
 
 
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