Business

The Tanzanian government is actively courting Chinese investment across its industrial, mining, agricultural and renewable energy sectors, with Minister for Industry and Trade Judith Kapinga making a direct appeal to business leaders during a visit to Hangzhou, China. Kapinga pointed to Tanzania’s market of 64 million people and its gateway …

In an agreement that signals a strengthening of one of East Africa’s most consequential bilateral relationships, Tanzania and Uganda have signed a broad memorandum of understanding covering rail development, cross-border trade and a resolution of longstanding issues surrounding the East African Crude Oil pipeline. The agreements were reached at the …

UMOE Advanced Composites (UAC), a global supplier of large Type IV glass fibre pressure gas storage and transportation modules, has reached a key operational milestone with the first composite cylinders rolling off the production line at its new manufacturing facility in Jiaxing, marking the start of industrial production at the …

NAIROBI – Kenya is positioning its long-dormant mining sector as the next frontier of national economic growth, moving to capitalize on massive mineral discoveries that experts believe could rival the country’s storied tourism industry. With the recent unearthing of gold and rare earth element (REE) deposits valued in the tens …

In an era where critical minerals underpin the global transition to digital technologies, renewable energy systems and advanced manufacturing, Rwanda’s mining sector has emerged as one of sub-Saharan Africa’s most compelling export success stories. Between January and December 2025, the nation’s exports of the so-called 3T minerals, tin (cassiterite), tungsten …

The Executive Director of the Petroleum Authority of Uganda (PAU), Mr Ernest Rubondo, has reassured Ugandans that the country remains on course to achieve its first oil production by July 2026. He said all key players in the oil and gas sector are working toward meeting the target, with critical …

BUKOMBE – Tanzania’s State Mining Corporation (STAMICO) has finalized a landmark strategic partnership with South Africa’s Plantcor Mining and Plant Hire, marking a decisive shift in the development of the long-dormant Kigosi gold project. The agreement, signed this week in the Geita Region, follows high-level negotiations initiated at the recent …

Mineral endowment is no longer just a geological statistic but it is increasingly central to the continent’s employment and industrial ambitions in Africa. According to the Compendium of Africa’s Strategic Minerals 2026 released by the Africa Finance Corporation (AFC), the continent holds an estimated $29.5 trillion in mineral wealth, roughly …

DAR ES SALAAM – The African mining landscape is undergoing a seismic shift where success is no longer dictated by geological abundance alone but by the sophistication of financial architectures. As the continent pivots from mere extraction to value addition, the ability to forge collaborative financing models has emerged as …