Tuesday , October 27 2026

News

Sydney Summit Asks Why Critical Minerals Ambition Is Not Becoming Mines

Critical minerals, supply chain security and the stubborn gap between capital and construction will dominate the International Mining and Resources Conference + Expo (IMARC) when it opens at ICC Sydney, Darling Harbour, on 27 October 2026. Running to 29 October, the three day gathering is expected to draw more than …

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Rail Delays Pinned on Contractors, Not Funding

Tanzania has secured Sh3.67 trillion for the construction of two sections of the Standard Gauge Railway (SGR), covering the route from Makutupora in Singida Region to Isaka in Shinyanga Region via Tabora, Transport Minister Makame Mbarawa has said. The funding covers Lots 3 and 4, which together span 424 kilometres …

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Integrated Pump Technology Turns Brand Trust Into African Market Share

By BAZIN MAMBUMINA In dewatering, a sector where equipment failure carries operational and safety consequences that dwarf the cost of the pump itself, brand trust functions as a form of risk transfer. Integrated Pump Technology has built its African growth strategy squarely on that dynamic, pairing two established names, Grindex …

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Uganda’s inspectorate suspends executives at UNMC

The Inspectorate of Government (IG) has directed the immediate interdiction of Uganda National Mining Company (UNMC) Chief Executive Officer Dr. Gerald Banaga-Baingi and Chief Corporate and Legal Affairs Officer Lelia Bwambale to allow investigations into allegations of maladministration, financial mismanagement and abuse of office. In a statement, the Inspectorate said …

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Uganda unveils ‘pearl sweet’ crude blend – Updates

By BAZIN MAMBUMINA …as country prepares for first oil exports President Yoweri Museveni names Uganda’s export crude blend ‘Pearl Sweet’, giving the country a global market identity as the US$15 billion Tilenga-Kingfisher-EACOP development enters its final phase towards production and export Pearl Sweet will combine crude from the Tilenga and …

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Kenya’s Equity targets $700m Congo mining loans – Updates

EQUITYBCDC, the Democratic Republic of Congo unit of Kenya’s Equity Group, says it can arrange loans approaching $700m by drawing on its parent company’s regional network, Bloomberg reported. The lender could raise even more through syndicated loans, managing director Willy Mulamba said, as governance in Congo’s mining industry improves. Mining …

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Ethiopia’s $10 Billion Export Moment Is More Than a Number

By BAZIN MAMBUMINA Ethiopia’s projected leap from $3 billion to $10 billion in annual export revenue in the space of three years is remarkable by any measure but the more significant story may be what is driving it and what it reveals about the direction of the country’s economic transformation. …

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Turkish Precious-Metals Tycoon Takes Aim at East African Gold

In a bold move that signals a strategic shift from downstream refining to primary resource development, Turkish precious-metals investor Ozcan Halaç has proposed a C$27.2 million cornerstone investment in Canadian-listed explorer Lake Victoria Gold. Under the terms of a non-binding term sheet announced on October 20, Halaç’s Dubai-registered investment vehicle, …

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Mining’s TSh5.1 Trillion Procurement Market Puts Local Industry in Focus

With billions flowing through mining procurement each year, the sector holds real power to build local industry, from the equipment and materials to the technical services that keep operations running. Geofields Tanzania Limited’s new wire mesh manufacturing plant in Kerege, Bagamoyo, signals a push to capture more of that value …

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Kenya seeks gold investors, Ethiopia showcase refinery

Ethiopia is seeking to attract gold from Kenya and other neighbouring countries to its new refinery, as American, Chinese and Australian investors compete to develop Kenya’s Mrima Hills mineral deposits in Kwale County. Ethiopia opened its National Precious Metals Refinery on October 10 following a $50 million (Ksh6.48 billion) investment …

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