Tanzania

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 …

DAR ES SALAAM—Moody’s Ratings has reaffirmed Tanzania’s long-term issuer ratings at B1 with a stable outlook, providing a significant vote of confidence in the sovereign’s economic resilience following a volatile 2025 election cycle. The ratings agency projects that the East African nation will maintain a robust growth trajectory of at …

Pan-African telecommunications and network services provider Paratus Group has switched on a major new fiber route in East Africa, directly connecting Mombasa on the Kenyan coast to Goma in the eastern Democratic Republic of Congo (DRC) through a protected terrestrial network. The newly activated 2000 km G2M (Goma-to-Mombasa) fiber route …

Tanzania is aggressively repositioning the State Mining Corporation (STAMICO) as a formidable commercial entity, signalling a strategic shift toward direct state participation in large-scale mining operations. This move, unveiled during a parliamentary session on January 16, 2026, aims to elevate the corporation from a regulatory and supportive body to an …

East Africa holds immense untapped solar potential, particularly in regions where access to electricity remains limited or non-existent. In Kenya, a large portion of the estimated 13 million people without power live in high solar irradiation zones, making off-grid solutions especially viable. Tanzania is also positioning itself for renewable expansion, …

Australian gold miner Perseus Mining reported quarterly production of 99 953 oz for the period ended 30 September, the first quarter of its 2026 financial year. The result reflects planned lower production as the company transitions its flagship Yaouré mine in Côte d’Ivoire from open pit to underground operations. Perseus …

Metso, a global leader in sustainable technology and services for the aggregates, minerals processing, and metals industries, has officially announced a pivotal distribution agreement with Rock Plant Ltd., a respected dealership for heavy machinery across East Africa. This strategic contract immediately strengthens Metso’s market presence in the region, appointing Rock …

The Tanzanian President Samia Suluhu Hassan has appointed the country’s Ambassador to China, Khamis Mussa Omar, as the new Finance Minister following last month’s disputed election. Announcing the reshuffle in a televised address on 17 November 2025, she confirmed that Anthony Mavunde would remain as Mining Minister and Mahmoud Thabit …

AngloGold Ashanti, one of the world’s leading gold producers, delivered a robust financial and operational performance in the three months ended September 30, recording a 141% year-on-year surge in free cash flow (FCF) to a record $920-million. This massive increase was attributed to continued cost discipline, which allowed the company …

The Zanzibar Utilities Regulatory Authority (ZURA) announced on Saturday, November 8, 2025, that prices for most petroleum products have been adjusted upwards. The increase is a direct response to rising global import costs, according to a statement issued by ZURA Director General Omar Ali Yussuf. The key changes see the …