Tanzania

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 …

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 …

The Democratic Republic of Congo will start building gold reserves to bolster its currency and lift its economy, the central bank governor said, joining a rush in Africa and elsewhere to stockpile the precious metal as prices soar. Gold prices, which hit record highs above $4 000 an ounce on …

East Africa Metals has entered into a binding agreement with Ubora Minerals to acquire and develop the company’s Magambazi and Handeni mining project in Tanzania. Ubora is a subsidiary company of Anchises Capital Precious Metal Fund LLC (Anchises), which holds 50,200,000 common shares of the Company, representing approximately 18.66 percent …