Viettel Group (Viettel), a Vietnamese state-run mobile network operator, has recently announced a total investment of USD 736 million to expand its businesses to Tanzania, where it will operate under the brand Halotel to offer 2G and 3G services.
Posted on : Monday , 9th November 2015
Zimbabwe resumed chrome exports last week for the first time since 2011 when Government imposed a ban of raw chrome exports to encourage beneficiation of the mineral.
Posted on : Monday , 9th November 2015
Shanta Mining Company Limited (SMCL), a subsidiary of the UK-based Shanta Gold Limited (AIM:SHG) involved with gold mining, development and exploration in Tanzania, has recently released the Life of Mine (LOM) extension study for its New Luika Gold Mine (NLGM) project which indicates new total reserves of gold at 506,000 ounces (oz) up from 479,000 oz found in 2013.
Posted on : Monday , 9th November 2015
New revelations show that Malawi’s Government has erred by issuing two exploration licences for gas and oil on the World Heritage site of Lake Malawi including the National Park marine protected area which could seriously dent the country’s image in environmental conservation.
Godfrey Mfiti, Environmental Activist in Southern Africa says Malawi breached International conventions and its own Parliamentary Acts on the oil exploration deal. As such, the count.... Read more »
Posted on : Monday , 9th November 2015
Awad, who met his Turkish counterpart Ali Riza Alaboyun on the sidelines of the 8th International Energy Congress in Ankara on Friday, pointed to the multiple investment opportunities in Sudan’s oil industry.
He urged Turkey to enter into petroleum exploration and extraction in Sudan, pointing that Sudan has a comparative advantage in the area of renewable energy, particularly solar energy besides the oil and gas industry.
For his part, the Turkis.... Read more »
Posted on : Monday , 9th November 2015
Sunridge Gold shot up around 50% after it struck a US$65mln (C$85mln) cash deal to sell its majority stake in Asmara Mining, the joint venture company that owns the Asmara mine, in Eritrea.
Michael Hopley, Sunridge chief executive, highlighted that the proposed deal is at a premium valuation.
He added: “(it) equates to a significant premium to the present market value of Sunridge and under the continuing challenging market conditions for junior re.... Read more »
Posted on : Monday , 9th November 2015
The completion of a light rail construction project in Nigeria has been set for December 2016, Lagos State Governor Akinwunmi Ambode has announced. The governor said that once complete the light rail construction project in Nigeria will start operation immediately.
Posted on : Monday , 9th November 2015
Lekeka Power has signed a memorandum of Understanding for the construction of a wind power plant in Egypt.
Posted on : Monday , 9th November 2015
A consortium led by the German engineering group Siemens has won a contract to build a 1,000 kilometres high voltage power line linking Kenya and Ethiopia. The firm will partner with Spain’s Isolux Corsan to put up the line that will transmit 2,000 megawatts (Mw) hydropower from Ethiopia.
Posted on : Saturday , 7th November 2015
Muscling its way into the market is China’s Beiqi Foton Motor, which last year delivered over 10,000 vehicles to Africa and in March established a sales division in Kenya. It is busy finishing construction of a US$50-million assembly plant in Nairobi that it claims will have capacity for delivering 10,000 vehicles a year to the region.
Posted on : Saturday , 7th November 2015
East Africa’s economic powerhouse Kenya is expected to see economic growth and improved foreign direct inflows, a leading analyst has predicted.
Posted on : Saturday , 7th November 2015
Kibo Mining‘s (LON:KIBO) focus is now to complete the financing for its Mbeya coal to power project in Tanzania, it said today.
The group has signed a joint development agreement with Chinese firm SEPCO and during the quarter completed a pre-feasibility study on the mining component.
“With the most important strategic elements now in place for the MCCP, Kibo is now focusing its entire effort on achieving financial closure for this world clas.... Read more »
Posted on : Saturday , 7th November 2015
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