News

A Swedish firm that wanted to construct Africa’s largest wind power plant in southern Kenya, Malindi, at a cost of US$2.4bn has relocated the investment to Tanzania, citing frustration by Kenyan authorities. The firm’s executives said they have now switched their focus to Tanzania, which shares the Indian Ocean coastline. …

Walkabout Resources has commenced  commissioning activities at the Lindi Jumbo Graphite Mine in Tanzania. According to the company, the development is a step towards full operation and critical minerals producer status. In its latest announcement, the commissioning process includes pre-commissioning, dry commissioning and wet commissioning and this process has commenced for …

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 …

Armed with hoes and spades, hundreds of locals, some with babies strapped on their backs, have converged at Namwalala stream in Mawero East B Village following the reported discovery of gold deposits in the area about a week ago. Mr Twaha Tebayise, an artisan miner, who has since relocated from …

The government’s target to ensure that the sector’s contribution to gross domestic product (GDP) reaches ten percent by 2025, has seen them sign Framework Agreements worth $667 million (about Sh1.54 trillion) with three mining firms, in a landmark development that would see Tanzania surpassing its target of mining contributing at …

Multi-asset Africa focused, energy company – Kibo Energy has resubmitted the tender qualification document to the Tanzania Electricity Supply Company (TANESCO) for the Mbeya Coal to Power Project (MCPP). Louis “Given that much of the information within this 535-page document had already been generated, we just needed to ensure that …

Tanzania-based Imweru project developers Katoro Gold have completed the second second phase of the environmental- and social-impact assessment (Esia). Authorities acknowledged receipt of the scoping report and terms of reference for the execution of the final phase, being the detailed environmental-impact assessment. “Completion of phase two of the Esia represents …

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 …

Authorities in Rwanda have signed a joint declaration to enhance investment in critical raw material value chains with the European Investment Bank (EIB). The agreement will strengthen technical and financial cooperation to identify critical raw material sector investment that creates skilled jobs, supports economic development, and ensures environmentally and socially …

Caterpillar Inc. has successfully demonstrated its first battery electric prototype for an underground mining truck. According to the company, the development is added to the company’s growing portfolio of battery electric and semi-autonomous technology for underground mining applications. The demonstration for Newmont and other industry leaders, at the company’s proving …