This high voltage DC infrastructure is the only one of its kind in the region and is the foundation of East Africa’s ambition to be interconnected in terms of power exchange and allow cross-border trade in energy The electricity highway between Ethiopia and Kenya, officially opened in 2023 after more …
Read More »Menzies Aviation Soars with New Cargo Facility in Mozambique
Menzies Aviation, the global leader in aviation services, has officially opened its state-of-the-art cargo facility at Maputo International Airport (MPM). This strategic move expands Menzies’ footprint in East Africa, positioning the company to capitalize on the region’s growing air cargo market. The new facility, equipped with cutting-edge technology and high-end …
Read More »Kefi progressing Ethiopian Gold project towards launch
Aim-listed Kefi Gold and Copper has reported good progress, to schedule, at its high-grade Tulu Kapi gold project in Ethiopia. The remaining finance syndicate board processes are on track for final (conditional) approvals during May, while project launch preparations have started at Tulu Kapi. Kefi highlights that these developments coincide …
Read More »Akobo Minerals Gold Mine Delayed but Poised for Profitable Takeoff
Akobo Minerals, the Scandinavian gold explorer with its sights set firmly on Ethiopia, has encountered a temporary setback in its production timeline. Nationwide fuel shortages and evolving customs procedures threw a spanner in the works, delaying the mine’s official launch. However, amidst the recent hurdles, Akobo has not been twiddling …
Read More »Green Light for Gold: Kefi’s Ethiopian Project Poised for Launch
A glimmer of gold shines bright on the horizon for Kefi Gold and Copper, as the company’s flagship Tulu Kapi project in Ethiopia has secured the final nod from the lead lender’s credit committee. This crucial green light unlocks a $320 million financing package, paving the way for the development …
Read More »IMF applauds Ethiopia’s monetary tightening
The International Monetary Fund (IMF) has applauded steps taken to bring down inflation and stabilize the economy in Ethiopia. The initiatives include significant fiscal and monetary tightening by authorities in Ethiopia. “This has put in place a critical foundation for success of the Homegrown Economic Reform Agenda, which aims to …
Read More »Akobo to apply to trade on OTC Markets platform
Scandinavian-based Ethiopian gold exploration and boutique mining company Akobo Minerals has announced plans to apply for trading on the OTC Markets platform in the US In addition, the company intends to secure a Nkr 30-million convertible loan and believes there are several benefits of having an additional US-based quotation for …
Read More »Newly listed Allied Gold board approves $500m Ethiopia project
Africa-focused Allied Gold, which on Monday listed on the TSX, has approved the expanded Kurmuk project, in Ethiopia, earmarking $500-million for a two-phase development plan. Kurmuk is now planned as a 240 000-oz/y gold mine with all-in sustaining costs (AISC) targeted below $950/oz, with a strategic mine life extending for …
Read More »Akobo Minerals starts up operation in Ethiopia
Akobo Minerals, the Scandinavian-based Ethiopian gold exploration and boutique mining company has started operations of its ultra-small plant and, with it, production of the company’s first gold. “However you look at it, production of our first gold is an important landmark for the company and is a real boost for …
Read More »Africa needs to safeguard against cyber-attacks in mining and energy
Throughout 2022, 40% of industrial control system (ICS) computers globally were attacked with malware. In Africa, the figure sits at 47%, according to Kaspersky. The three countries which experienced the most attacks on ICS infrastructure were Ethiopia (62%), Algeria (59%), and Burundi (57%). They are followed by Rwanda (46%), Kenya …
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