Emeralds and rubies miner Gemfields (LON:GEM) said Wednesday an independent report by consultancy firm SRK shows the Kagem mine in Zambia is set to produce 1.10 billion carats over a 25 year mine life, which is more than initially anticipated.
The company said the total amount of indicated and inferred mineral resource at the emerald mine, 75% owned by Gemfields, is now estimated at 1.8bn carats worth of the green gemstone and beryl.
According to SRK, t.... Read more »
Posted on : Friday , 25th September 2015
Chama cha Ukombozi wa Umma (CHAUMA) presidential candidate Mr Hashim Rungwe has assured Mwanza residents that his new government will transform the region into an industrial hub where unemployment will become history.
He said during a campaign meeting held at Buswelu in Ilemela district on Sunday that Mwanza had many industries which were privatized and others that remained inoperative and left to collapse.
If CHAUMMA were voted into power, Mr Rungwe sa.... Read more »
Posted on : Thursday , 24th September 2015
Officials of the state-owned real estate developer say the project is part of the NHC ten-year strategic plan spanning 2015 and 2025. Speaking at the launching ceremony in Dar es Salaam, the NHC's Acting Director of Sales and Marketing, Mr Tuntufye Mwambusi, said the Bank of Tanzania (BoT) has already booked 10 of the 30 residential houses.
Posted on : Thursday , 24th September 2015
Ambassador Eralp said that working with stakeholders in the tourism sector was among her top priorities and insisted that she would work hard to ensure the sector grows and attracts a good number of visitors from Turkey.
Posted on : Thursday , 24th September 2015
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Posted on : Thursday , 24th September 2015
The Norwegian Minister for Industry and Trade Ms Monica Mæland said at the launching of Yara Fertiliser Terminal in Dar es Salaam on Wednesday that Tanzania’s commitment to agricultural sector development has been impressive making it attractive to global investors due to its huge potentiality.
Posted on : Thursday , 24th September 2015
The mine, partly owned by Petra Diamonds of South Africa, development plan is expected to deliver 350,000 carats per annum (ctpa) from a grade of approximately 7.0 carats per hundred tonnes (cpht).
Posted on : Thursday , 24th September 2015
The telecom firm through its Airtel Fursa programme, gave the group 20 bee-hives, one honey extractor, two bee protection suits and 600 bottles.
Posted on : Thursday , 24th September 2015
Kenya will get the first 90 megawatts from Lake Turkana Wind Power project in 2016 when the first production will be loaded onto the national grid.
The biggest wind farm in sub Saharan Africa will run into full capacity in April 2017 transmitting a total of 310 megawatts to the national grid through a 428km overhead line that is being constructed by the Kenya Electrical Transmission Company.
The Sh70 billion project located in Loyangalani District, Mars.... Read more »
Posted on : Thursday , 24th September 2015
The Yara fertilizer Terminal that was launched by President Jakaya Kikwete, last week, has the capacity to hold 120,000 tonnes annually, enough to supply the local market and the rest of East Africa.
Posted on : Thursday , 24th September 2015
A local pay-as-you-go off grid energy provider has announced connecting 250,000 homes across Kenya, Uganda and Tanzania.
M-Kopa Solar, which provides a payment plan for supply of a solar lighting system, a radio and phone charging apparatus, said the achievement is in line with its target of connecting a million customers to its solar power systems by 2018.
The firm's managing director and co-founder, Mr Jesse Moore, said the growth in connected custome.... Read more »
Posted on : Thursday , 24th September 2015
Heston, a British oil services company is setting up shop in Tanzania and use the country as a hub to tap into the growing hydrocarbons sector in the Eastern African region. writes JOSEPH BURITE
Speaking to the East African Business Week at an oil and gas exhibition in Dar es Salaam recently.
David Edwards, the regional operations manager for Middle East and Africa said the company will apply a model that helped it achieve success in Bahrai.... Read more »
Posted on : Thursday , 24th September 2015
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