Friday , October 30 2026

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Shanta Gold to accelerate growth with windfall from Stanbic Bank

Shanta Gold, an East African gold producer, developer, and explorer, has signed binding definitive documents with Stanbic Bank Tanzania for a $20 million loan facility to help it expand its portfolio. Shanta CEO Eric Zurrin says the four-year $20 million facilities is a significant step forward for the company because …

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Kenya aspires to be Africa’s block reward mining hub

Kenya aspires to be Africa’s block reward mining hub, and the country’s largest power producer is leading the charge. The company, known as KenGen PLC, is luring miners with cheap geothermal energy and claims to have been approached by several miners from Europe and the United States. Speaking at a …

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Tanzania steps up fight against gold smuggling

An official claimed on Sunday that eight dealers were arrested in Geita, Tanzania’s northern province, for smuggling an undefined amount of gold out of the country. The arrest was reported by Doto Biteko, the Minister of Minerals, at a meeting with small-scale miners in the gold-rich Geita region’s Lwamgasa district. …

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