Dar es Salaam — Tanzania's Foreign Direct Investment (FDI) has risen by 14.5%, thanks to gas discoveries in the country including Songo Songo (below) writes LEONARD MAGOMBA.
According to newly launched World Investment Report 2015, the growth makes Tanzania, the leading FDI's destination in the East African Community (EAC).
However, the report indicates that Global FDI inflows in 2014 fell by 16% to $1.2 trillion, mostly because of the fragility o.... Read more »
Posted on : Wednesday , 1st July 2015
The Tanzania Portland Cement Company Limited (TPCC) conducted a training to 250 cement block makers from Dar es Salaam that will foster safety at work, quality of block produced and efficiency in production process.
Speaking to invited participants during the training in Dar es Salaam, TPCC, Commercial Director, Simon Delens said that the seminar was focused on health and safety, quality and increase efficiency that will boost development of the construction industry .... Read more »
Posted on : Tuesday , 30th June 2015
Dar es Salaam — The Rural Energy Agency (REA) has hinted that the availability of adequate fund and unwillingness of private sector to invest in off grid areas among major challenges towards improving access to electricity in rural communities writes EMMANUEL KISIMA.
This was said by REA Solar Technology Specialist, Eng. Jones Olotu during the 2nd sub-Saharan Africa solar summit 2015 held in Dar es Salaam last week.
He said the Agency in collabora.... Read more »
Posted on : Tuesday , 30th June 2015
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Posted on : Tuesday , 30th June 2015
DEMAND for cement in the East African Region is anticipated to remain strong in the medium term, supported by the resurgence in infrastructure and housing sectors.
Also, apart from the associated energy costs and the availability of cheap imports from some Asian countries, demand for cement in East Africa has continued to rise.
The growing demand for cement is expected to boost investments in new cement production in line with the retrofitting of old ce.... Read more »
Posted on : Tuesday , 30th June 2015
A “stellar” performance by cementation newcomer Sephaku Holdings’ Métier Mixed Concrete division has swung the group to a full-year net profit of R47.16-million for the 12 months ended March 31, positioning it to expand its market share in what has become a highly competitive domestic cementation market. The group achieved full-year revenue of R775.4-million and earnings before interest, taxes, depreciation and amortisation of R128.9-million for the ye.... Read more »
Posted on : Tuesday , 30th June 2015
Australian explorer IMX Resources has received “strong interest” from several ore developers in its Ntaka Hill Nickel Project located in southeast Tanzania. nickelmine-Marshman-WCThe Ntaka Hill Nickel Project hosts a measured and indicated resource of 20.3Mt at 0.58 per cent nickel and 0.13 per cent copper for 117,880 tonnes of contained nickel.
Posted on : Tuesday , 30th June 2015
Africa Energy formerly Horn Petroleum Corp has announced that it has provided notice to the Puntland State of Somalia advising of its intention to withdraw from the January 2007 productions sharing agreements in respect of the Nugaal Block and the Dharoor Block, each made among the Company, the Government of Puntland and Range Resources, effective immediately.
Posted on : Tuesday , 30th June 2015
American oil and gas firm Anadarko Petroleum is in talks with Japan-based Jera for long-term supply of liquefied natural gas (LNG) from its Mozambique export scheme.
Posted on : Monday , 29th June 2015
Wentworth Resources has announced that it has successfully raised gross proceeds of USD 7.6 million (GBP 4.9 million, NOK 59.7 million) with institutional investors and certain Directors and members of the Executive Management through a private placement of 15,412,269 new shares.
Posted on : Monday , 29th June 2015
The British High Commissioner James Thornton has commended the partnership between the government of Zambia and the British gemstone exploration and mining company Gemfields plc, citing it to be a “very good example” of a British company investing in Zambia emerald-BigBeadLittleBead-flickrGemfields and Kagem are keen to develop an international market for Zambian emeralds. The partnership entails the ownership of Lufwanyama-based Kagem Mining – the world&rsqu.... Read more »
Posted on : Monday , 29th June 2015
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