THE Minister for Trade and Industry, Dr Abdallah Kigoda, on Tuesday unveiled a catalogue of industrial projects, including a 5trn/- Mchuchuma coal and Liganga iron ore projects set to kick off this year.
Posted on : Thursday , 28th May 2015
Tanganyika South Block operator Beach Energy has announced that Joint Venture partner Woodside Energy has decided not to enter into the next period of the exploration program relating to the Lake Tanganyika South Production Sharing Agreement in Tanzania.
Posted on : Thursday , 28th May 2015
Australian company exploring the East African Rift System in Kenya, Tanzania and Zambia has said it is awaiting the receipt of signed farm-out documents having finalized the final steps in the agreement.
Posted on : Thursday , 28th May 2015
According to Wentworth Q1 2015 results the company’s share of Proved + Probable (2P) reserves at the Company’s gas fields in Tanzania were valued at USD 152.9 million after tax at December 31, 2014.
Posted on : Thursday , 28th May 2015
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Tanzania has high potential to become the economic powerhouse in the East African region given her natural wealth and strategic geographical positioning, but there are challenges to overcome before it can realise its potential.
Posted on : Wednesday , 27th May 2015
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As government prepares to present its 2015/16 financial year budget estimates on June 11, small city traders expect Finance Minister Amb Claver Gatete to prioritise areas that will provide solutions to the challenges affecting businesses.
Posted on : Wednesday , 27th May 2015
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Tanzania Electric Supply Company (Tanesco) Managing Director, Engineer Felchem Mramba, said although renewable energy technology is currently expensive but the future remains in exploiting wind and solar.
Posted on : Wednesday , 27th May 2015
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Chinese car maker, Foton, is setting up a car show room and after-sales service centre worth $10m (about sh30b) at Namanve Industrial Park, in Mukono district.
This was revealed last week by Chinese ambassador to Uganda, Zhao Yali, while handing over a donation of an executive van and partition screens to the acting minister of Foreign Affairs, Henry Okello Oryem, at the ministry’s headquarters in Kampala.
Yali said Foton has already acquired land in Namanve an.... Read more »
Posted on : Wednesday , 27th May 2015
Kenya has one of the best and favoured business climates in Africa, thanks to its enthusiasm in improving ease of doing business and initiation of huge infrastructure development projects to reduce cost of doing business.
Posted on : Wednesday , 27th May 2015
The Tanzanian port of Dar es Salaam was once the most efficient in sub-Saharan Africa.
Posted on : Tuesday , 26th May 2015
The Rural Energy Agency (REA) envisages supplying 1,250,000 rural dwellers with electricity in the next five years, thanks to about 900bn/- that the government has set aside to support the grand project.
REA Chairman Edmund Mkwawa, releasing the agency report on implementation of rural energy projects in Dar es Salaam over the weekend, said the massive rural electrification project started in October 2013 and it is progressing well.
The project involves.... Read more »
Posted on : Tuesday , 26th May 2015
Acacia Mining plc (LSE: ACA) who operates three gold mines in Tanzania has announced in its First Quarter Results 2015 that its gold production has increased by 8%.
Brad Gordon, Chief Executive Officer of Acacia Mining indicated that the company has delivered steady production over Q1 2015, with 181,660 ounces of gold produced as compared to 168,375 ounces in Q1 2014.
This is in line with the previous quarter and underpinned by continued strong producti.... Read more »
Posted on : Tuesday , 26th May 2015
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