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Topic - Tanzania
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Oct 28, 2015
Renewable energy projects financed by Standard Bank are currently producing more  than 40% of the 1 760 Megawatts  by Independent Power Producers, under the Renewable Energy Independent Power Procurement Programme, , delivering roughly the same amount of power that...
Oct 28, 2015
Oct 27, 2015
The International Monetary Fund (IMF) has listed South Africa among a group of sub-Saharan African countries with a “sizeable” unexploited tax potential, which could be drawn upon to strengthen its fiscal position. The other countries listed as having such potential...
Oct 27, 2015
Graphite developer Magnis Resources has signed a memorandum of understanding (MoU) with South Korean major POSCO E&C to advance the funding and construction of the Nachu graphite project, in Tanzania. Under the terms of the MoU, POSCO would arrange senior loans with...
Oct 26, 2015
The World Economic Forum’s annual summit on the global agenda running in Abu Dhabi until Tuesday brings together more than 900 leading international experts in fields as diverse as nuclear security, climate change, religion and robotics. Many of the global challenges...
Oct 22, 2015
Mine operators are in the current subdued economic reality increasingly looking at renewable electricity sources as a way to reduce current and future costs at operations; however, lower commodity prices hinder renewables’ widespread adoption, as falling profits and...
Oct 21, 2015
"Disappointing” operational performances at London-listed Acacia Mining’s Bulyanhulu and Buzwagi mines, in Tanzania, have driven a 14% year-on-year slump in the production of gold to 163 888 oz for the third quarter ended September 30, while sales volumes, at 16 116...
Oct 20, 2015
East Africa-focused Shanta Gold has delivered record quarterly production of 24 522 oz of gold for the three months to September 30, benefiting from a 33% quarter-on-quarter lift in gold ore grade efficiencies and a 25% increase in tons milled over the quarter at is...
Oct 16, 2015
Oct 16, 2015
Oct 16, 2015
Oct 15, 2015
 
 
 
Oct 14, 2015
Shanta Gold CFO and executive director Patrick Maseva Shayawabaya has resigned to pursue other opportunities in Zimbabwe, effective October 31. Eric Zurrin would step in as interim CFO. He holds a Bachelor of Commerce (Accounting) degree and has 12 years' experience...
Oct 13, 2015
Summertime on the African continent means soaring temperatures, thirsty radiators and overheating engines. However, with Engen Petroleum’s summer promotion*, customers across sub-Saharan Africa and the Indian Ocean Islands will receive a free 1-litre Readymix Coolant...
Oct 13, 2015
Recent drilling has converted nearly 62% of the high-grade Shimba mineral resource, at the Chilalo graphite project, in Tanzania, into the indicated category. Owner IMX Resources reported on Tuesday that the Shimba deposit was now estimated to host a high-grade...
Oct 12, 2015
A financial optimisation study on the Mbeya Coal-to-Power project’s (MCPP’s) coal mine, in Tanzania, has revealed that, applying an all-in cost margin of between 47.9% and 48.1%, the operation could generate yearly earnings before interest and taxes of between...
Oct 12, 2015
Graphite developer Magnis Resources has raised A$4-million through a share placement to sophisticated and institutional investors to fast-track the development of its Nachu project, in Tanzania. Some ten-million shares would be issued under the placement, priced at...
Oct 09, 2015
The Chilanga II operations refurbishment project has been completed.
Oct 09, 2015
ASKWAR HILONGA His Nanofilter innovation entails nanofilters, each engineered for a specific body of water, absorbing the contaminants present
A Tanzanian chemical engineer has won the first Africa Prize for Engineering Innovation with his specialised water-filtration system - a sand-based water filter that cleans contaminated drinking water using bespoke nanotechnology. The Africa Prize is an initiative of...
Oct 08, 2015
Oct 07, 2015
In a deal worth some R65-million and which remained subject to the achievement of profit targets over a three-year period, Workforce Holdings subsidiary and accredited training provider Training Force has acquired mining training service provider Prisma Training...
Oct 07, 2015
Tanzania-focused graphite developer Kibaran Resources has signed a mandate letter with German bank KfW IPEX to explore financing options for the construction of the $77-million Epanko project. “The mandate is a further step forward for Epanko and formally confirms...
 
 
 
 
Oct 06, 2015
London-listed Acacia Mining has lowered its production guidance for the 2015 financial year after lower-than-expected output for the third quarter of the year. The company expected 2015 gold production from its Tanzanian assets to stay at the 2014 level of around 718...
Oct 02, 2015
Ethiopia has achieved a major milestone in its efforts to improve public transport in the capital, Addis Ababa, following the commissioning of a modern tramway system. The electrified Addis Ababa Light Rail Transit (AA-LRT) system is the first light railway in...
Oct 02, 2015
The South African Revenue Service (Sars) informed on September 18 of the accession of the Seychelles to the Southern African Development Community (SADC) Protocol on Trade. This necessitated the inclusion of the Seychelles on General Note K.6 of Schedule No 1 of the...
Oct 01, 2015
European Union (EU) delegation to South Africa head Roeland van de Geer is to be succeeded by Marcus Cornaro, from Monday, October 5. Cornaro is an experienced Austrian and European diplomat, who most recently worked as deputy director-general in the European...
Sep 30, 2015
Sub-Saharan Africa continued to face transport bottlenecks and difficulties in bringing large-scale infrastructure projects to fruition, despite increased economic growth and growing population levels, delegates were told at a recent Canada-Southern Africa Chamber of...
Sep 29, 2015
The New Luika gold mine, in Tanzania, is set to start its crossover into a underground high-grade mining operation, with smaller-scale lower-grade surface mining of resources fizzling out, as Aim-listed Shanta Gold aimed to start underground production in the second...
Sep 25, 2015
South African visa delays have prompted global trading and distribution company Tata International to relocate some key staff from its African headquarters in Johannesburg, to Tanzania. Addressing an African media delegation visiting Tata’s operations in India last...
Sep 23, 2015
Work has started at Tanzania-focused mineral explorer Kibo Mining’s Pinewood uranium project, with the immediate focus on updating a 2009 study and report on prospectivity and exploration potential in the region. Kibo and joint venture (JV) partner Metal Tiger would...
Sep 23, 2015
Aim-listed coal mine and energy project developer Edenville Energy will, by the end of this month, provide the Tanzania Ministry of Energy and Minerals (MEM) with additional information related to the company’s mining licence application for the Rukwa project. The...
Sep 22, 2015
Department of Home Affairs director-general Mkuseli Apleni
Department of Home Affairs (DHA) director-general Mkuseli Apleni has called on the leadership of global trading and distribution company Tata International to reach out to the department on any difficulties the company encounters that falls within the DHA’s...
 
 
 
 
Sep 22, 2015
As well as analysing the most attractive investment destinations in Africa Rand Merchant Bank’s Where to Invest in Africa 2015/2016 report also addresses two of the most under-invested sectors on the continent - power and energy - and looks at the opportunities they...
Sep 22, 2015
London-listed Acacia Mining and ASX-listed OreCorp have entered into a joint venture (JV) agreement to advance Acacia's Nyanzaga exploration project, in Tanzania.
Sep 21, 2015
South Africa retained its position as the most attractive investment destination in Africa, despite a reduction in its score owing to a weaker business environment and a faltering business outlook, Rand Merchant Bank’s (RMB’s) Where to Invest in Africa 2015/16 report...
Sep 21, 2015
Tanzania’s Natural Gas Infrastructure Project is in the final stages of implementation, and commissioning of the infrastructure has started in August 2015. WorleyParsons was appointed by Tanzania Petroleum Development Corporation as Project Management Consultants,...
Sep 21, 2015
October 15 is the deadline for expressions of interest in a proposed joint venture (JV) with Tanzania’s State mining corporation for the processing of old gold tailings and the redevelopment of the Buhemba gold mine. Tanzania’s State-owned mining corporation Stamico...
Sep 18, 2015
Pan-African low cost airline Fastjet has started daily flights between Lusaka, the capital of Zambia, and Dar es Salaam, the commercial centre of Tanzania, to meet passenger demand. Previously, the airline flew between the two cities four times a week. “We have...
Sep 17, 2015
A reverse circulation drilling programme at East Africa-focused Shanta Gold’s New Luika project, in southwest Tanzania, has resulted in a 46% increase in the Elizabeth Hill tenement’s resource to 128 000 oz. “Upgrading the Elizabeth Hill prospect is the first of a...
Sep 17, 2015
Sep 17, 2015
Sub-Saharan African nations feel more optimistic about the future than many others around the world, a survey released on Wednesday found. The study, published by the Washington-based Pew Research Center, says that "relatively high rates of economic growth" are...
Sep 16, 2015
Nielsen content and marketing director Ailsa Wingfield
A new quarterly investment insights indicator has ranked South Africa last of selected sub-Saharan African countries in an evaluation of overall business, macroeconomic, consumer and retail prospects. Global measurement company Nielsen’s inaugural African Prospects...
 
 
 
 
Sep 15, 2015
Representatives of more than 100 US companies will descend on South Africa this week to gauge possible trade and investment opportunities, the US Embassy said on Tuesday. The companies, from 25 states, are part of the US Department of Commerce’s Trade Winds – Africa...
Sep 14, 2015
The UK’s State-owned development finance institution CDC and Norwegian investment fund Norfund’s joint buyout of power generation platform Globeleq Africa from emerging market investor Actis has been concluded, the parties announced on Monday. Norfund, which injected...
Sep 14, 2015
South African visa delays have prompted global trading and distribution company Tata International to relocate some key staff from its African headquarters in Johannesburg, to Tanzania. Addressing an African media delegation visiting Tata’s operations in India last...
Sep 14, 2015
Graphite developer Kibaran Resources has increased its production estimates for its flagship Tanzanian projects by some 50%. The miner reported on Monday that an updated growth strategy had determined that the Epanko and Merelani-Arusha graphite projects could...
Sep 11, 2015
JSE-listed logistics group OneLogix will invest around R30-million in two new vehicle distribution ventures in Tanzania and Kenya respectively, says CFO Geoff Glass. The group already has a heavy presence in the sector in South Africa.
 
 
 
 
 
 
 
 
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