Market News

  On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from cong . . .

Geita — All the 15 miners who were trapped in a mine pit at Nyarugusu for four days and rushed to Geita Regional Hospital here on Sunday were discharged yesterday.   However, the record treatment speed seemed not to have pleased family members of some of the victims who found the treatm . . .

Zanzibar — Zanzibar Minister of Agriculture, Natural Resources, Livestock and Fisheries, Hamad Rashid Mohamed, on Sunday announced a ban on sand mining after several studies have proved that the twin islands experience scarcity.   "Honestly, Zanzibar has run out of sand," the minister t . . .

Tanzania has moved to speed up uranium extraction in Mkuju River in the Selous Game Reserve, Africa's biggest wildlife conservancy area, amid protests from wildlife conservationists.   The government has directed Mantra Tanzania Ltd to start mining within two years for citizens to benefit fro . . .

Trial mining has started at Edenville Energy's 120 MW Rukwa coal-to-power project in Tanzania.   The project hosts 171-million tons of measured and indicated coal, sufficient to support a power station over a 30-year project life. Last year, Edenville received formal interest from several com . . .