Tuesday , February 18 2020

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Positioning East Africa as the real destination for oil and gas investment

More than 500 senior oil and gas executives are expected to attend the East Africa Oil & Gas Summit & Exhibition (EAOGS 2020) when it returns to Nairobi from 18-19 March The renowned event, which is the largest of its kind in East Africa and officially supported by the Ministry …

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Gold exports from Tanzania rise 42% in year to November on the back of higher pricing

HIGHER pricing and an increase in volumes saw Tanzania’s earnings from gold exports rise 42% in the year to November; this is according to an online news source. Citing the east African country’s central bank, the newswire said gold exports rose to $2.14bn in the year to November from $1.51bn …

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East Africa Metals receives final payment in Adyabo transaction

East Africa Metals has received the final payment of US$600,000 from Tibet Huayu Mining as part of the closing of the transaction as it purchased a 70% interest in the company’s Adyabo Project. Andrew Lee Smith, East Africa Metals’ CEO, is reportedly travelling to Addis Ababa, Ethiopia to meet with …

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