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Kibo Mining signs MOU with TANESCO on Mbeya Coal Project

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Kibo Mining Plc (AIM:KIBO; AltX:KBO), has signed a Memorandum of Understanding with the Tanzania Electric Supply Company (TANESCO), for the Power Purchase Agreement (PPA)...

Tanzania hastens plans for power plant in Selous game reserve

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In June 2017, Tanzanian president John Pombe Magufuli rekindled plans to construct a huge hydropower plant in the Selous Game Reserve that he said...

Tanesco headquarters to be demolished to allow road upgrade

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Headquarters of Tanzania's state-owned electric supply firm Tanesco will be demolished in a month's time to pave way for road construction,Tanzania National Roads Agency...

Uganda to launch construction of East African crude oil pipeline

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Uganda is set to commission the construction of a major oil pipeline in the country dubbed East African crude oil pipeline. It follows a similar...

Kibo Mining gets ESIA certificate for Tanzania’s Mbeya coal project

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Kibo Mining PLC has announced that it has been awarded an environmental and social impact assessment (ESIA) certificate for its flagship Mbeya coal project...

Petra Diamonds likely to breach loan agreement

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Petra Diamonds has indicated a possibility of breaching key agreements with its lenders attributing the move to temporary shutdown of its mine in Tanzania...

AfDB seeks partner for Malindi-Bagamoyo highway

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The African development Bank (AfDB) says it is looking for a financial partnership to help finance a major highway spanning Kenya to Tanzania. The...

Acacia Mining scales down Tanzania operations

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International mining firm Acacia will scale down its underground work at its Tanzanian gold mine in the wake of a ban on exports...

Tanzania mulls mega-meat processing plant

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A mega meat processing plant will be constructed in Tanzania providing big relief to livestock keepers who will be sure of selling their livestock...

Acacia Mining slapped with huge tax bill as shares tumble

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Gold miner Acacia Mining says it has received a tax bill that is four times the GDP of Tanzania where it operates, affecting its...