Business

Uganda’s long-delayed US$4 billion oil refinery project has gained fresh momentum after the government signed new agreements with UAE-based Alpha MBM Investments, marking a decisive push toward the long-awaited Final Investment Decision (FID) in July 2026. The partnership, led by Sheikh Mohammed bin Maktoum bin Juma Al Maktoum, will see …

The President of Mozambique, Daniel Francisco Chapo reaffirmed his country’s commitment to deepening cooperation with Tanzania during the inauguration of President Samia Suluhu Hassan in Dodoma. Attending as Guest of Honour, Chapo highlighted the enduring friendship and shared history between the two nations, rooted in the liberation struggle and long-standing …

Russia’s state-owned nuclear corporation, Rosatom, is moving forward with plans to construct a nuclear power plant in Ethiopia, signaling a major expansion of Moscow’s energy footprint in East Africa. The commitment was formalized during a recent nuclear power forum, where an action plan for the facility’s development and construction was …

Aim-listed Kefi Copper and Gold expects a $240-million debt capital offering towards its Tulu Kapi project, in Ethiopia, to be signed this week. The financing had been put on hold following a procedural matter that had to be addressed by one syndicate party, which has now been resolved. Kefi says …

Scandinavia-based but Ethiopia-focused gold producer Akobo Minerals’ total doré gold production for the third quarter reached about 21.5 kg, while the company achieved its first positive earnings before interest, taxes, depreciation and amortisation. Doré gold production for September was about 6.5 kg, exceeding the monthly target of 5 kg. Cumulative …

Scandinavian gold producer Akobo Minerals is accelerating development at its Segele mine in Ethiopia, reporting significant progress and signaling an imminent shift to positive cash flow. For the second quarter of the year, the company posted revenues of SKr9.6-million, and it anticipates this figure to increase in the third quarter, …

Dar es Salaam, Tanzania – Tanzania is moving closer to an agreement on the terms for its long-stalled $42 billion liquefied natural gas (LNG) project at Likong’o in Lindi, with a final deal anticipated before the end of 2025. The massive project, under negotiation for over a decade, is intended …

New South Wales (NSW)’s Premier Chris Minns will open the International Mining and Resources Conference (IMARC) 2025, spotlighting the event’s growing influence and its projected $17.8 million boost to the state’s economy. Set for 21–23 October 2025 at the ICC Sydney, IMARC 2025 will be the event’s biggest edition yet, drawing over 10,000 delegates from more than 120 countries. Minns …

PIX4Dcatch is a user-friendly 3D scanning and AR visualization tool used by professionals in industries such as underground utility mapping and construction. Paired with the Trimble® Catalyst™ DA2 positioning system, this comprehensive solution combines photogrammetry, LiDAR technology, and RTK positioning to deliver centimeter accuracy, making it a value-added tool for …

Ethiopian miner Akobo Minerals’ board of directors has decided to convert the company’s previously announced convertible loans of NOK 25.5 million and NOK 11 million in accordance with the terms of the loan agreements. According to the company, the conversion will result in the issuance of 26,383,292 new shares in the …