N e w s

Tanzania Gas Discoveries Help Attract Investors

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.... Read more »

Posted on : Wednesday , 1st July 2015

Tanzania: Cement Firm Trains 250 Block Makers

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.... Read more »

Posted on : Tuesday , 30th June 2015

Tanzania Rural Power in Need of Private Cash

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.... Read more »

Posted on : Tuesday , 30th June 2015

Tanzania: Industries on Energy Audit to Save Costs

Industries have embarked on energy audit to minimise electricity costs that account for between 15 and 40 per cent of total production overheads. The audit is a pre-requisite for industries to implement energy efficiency, but financing the exercise remains a big challenge. The Confederation of Tanzania Industry (CTI) backed the initiative through French aid agency--Sunref. CTI's Director of Policy and Advocacy, Mr Hussein Kamote, said.... Read more »

Posted on : Tuesday , 30th June 2015

Tanzania: Construction of Four-Lane Regional Road Starts in Arusha

Arusha — Construction of the four-lane road linking Sakina section of Arusha City with the Tengeru Township in Meru has started, aimed at easing congestion along Arusha-Moshi highway. four-lane, two track motorway is part of the implementation of the proposed multinational Arusha-Holili highway which is to extend into Kenya and join the Taveta-Voi road project under the East African Community (EAC). Projects Manager of the Tanzania.... Read more »

Posted on : Tuesday , 30th June 2015

East Africa: Demand for Cement in EA Remains Strong

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.... Read more »

Posted on : Tuesday , 30th June 2015

Africa: Cement newcomer Sephaku looking to expand trade market after stellar performance

 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.... Read more »

Posted on : Tuesday , 30th June 2015

Tanzanian mine receives “strong interest” from developers

 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. The Ntaka Hill Nickel Project, in the Nachingwea Property, has been receiving.... Read more »

Posted on : Tuesday , 30th June 2015

AFRICA ENERGY WITHDRAWS FROM PUNTLAND, SOMALIA BLOCKS

 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.   In its notice to the Puntland Petroleum and Minerals Agency, the.... Read more »

Posted on : Tuesday , 30th June 2015

Anadarko negotiating LNG supply deal with Jera from $23bn Mozambique project

 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. Jera, a joint venture set up by Tepco and Chubu Electric Power in April, aims to turn into the cheapest LNG buyer across East Asia. Anadarko's recent finds in Area 1 of Rovuma Basin in the African country will feed the initial ten million tonnes per annum (mtpa) LNG export.... Read more »

Posted on : Monday , 29th June 2015

Wentworth Resources Raises $7.6 Million To Finance Tanzania’s Mnazi Bay Developments

 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.   The private placement saw no discount to market price with the new funds set to provide the Company with sufficient working capital beyond its projected.... Read more »

Posted on : Monday , 29th June 2015

British High Commission- Africa draw out a Mining partnership

 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.... Read more »

Posted on : Monday , 29th June 2015



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