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East Africa Metals Inc. (TSXV: EAM) has moved to restart its stalled Tanzanian gold venture, announcing a binding Memorandum of Understanding (MOU) with Ubora Minerals Company Limited to acquire and develop the Magambazi and Handeni mining project. The deal replaces a failed agreement with PMM Mining Company Limited and aims …

TotalEnergies implements with consistency its balanced and profitable transition strategy, anchored on two pillars: Oil & Gas, mainly LNG, and Integrated Power. The Company plans to increase energy production (oil, gas and electricity) by four percent per year through 2030 while reducing emissions from its operations (-50% on Oil & …

Ethiopian miner Akobo Minerals’ board of directors has decided to convert the company’s previously announced convertible loans of NOK 25.5 million and NOK 11 million in accordance with the terms of the loan agreements. According to the company, the conversion will result in the issuance of 26,383,292 new shares in the …

Aterian PLC, an Africa-focused critical minerals company, has initiated commercial trading of responsibly sourced tantalum and niobium concentrates from Rwanda. The London-listed firm announced the launch of expanded trading operations following the successful transfer of its first consignment to a major international trading partner, a move that provides Aterian with …

Addis Ababa, Ethiopia – Ethiopia has officially inaugurated the Grand Ethiopian Renaissance Dam (GERD), a $5 billion hydroelectric project on the Blue Nile that is expected to double the country’s power generation capacity. The dam’s completion, however, has reignited long-standing diplomatic disputes with downstream nations, Egypt and Sudan. Prime Minister …

Pan-African telecommunications and network services provider, Paratus Group, has completed its expansion programme into East Africa. This expansion forms part of the Group’s ongoing efforts to connect communities and businesses across sub-Equatorial Africa with reliable digital infrastructure. Across East Africa, Paratus is providing reliable digital services to meet the needs …

Mozambican President Daniel Chapo is calling on African businesses, particularly from Rwanda and his own country, to form partnerships to support the logistics and supply chain for the massive, $20 billion Liquefied Natural Gas (LNG) project led by TotalEnergies. Speaking at the Kigali Business Roundtable, Chapo emphasized that the megaproject’s …

ASX- and TSX-listed Perseus Mining Ltd. has finalized a landmark agreement with the Tanzanian government, solidifying a path forward for the $524 million Nyanzaga gold project. The deal, which involved a formal signing ceremony for “critical mission agreements,” follows extensive negotiations aimed at clarifying and amending prior frameworks. The company’s …

The AfriSam Umlaas Road Quarry has taken proactive measures to enhance the accuracy of its final product sizing by adopting Multotec’s rubber screen panels in its tertiary screening application. This strategic move has enabled the site to address and rectify the challenges that were previously experienced with the use of …

Perseus Mining’s subsidiary Nyanzaga Gold Project in Tanzanian (NGP) has sealed an investment deal with the Tanzanian authorities. The agreements are the result of extensive negotiations conducted between Perseus and Tanzania’s government negotiating team, and govern the development and operation of the NGP that Perseus is currently developing. “Prior to …