Tag: US

Kenya, Tanzania ‘& Zambia sign power MOU

| December 18, 2014 | 0 Comments

By: Elayne Wangalwa Kenya, Tanzania and Zambia have signed a power interconnector memorandum of understanding (MOU) project. The inter-governmental agreement signed on 15 December in order to stimulate investment in power generation is worth 1.2 billion US dollars. The agreement sets out principles that underline the relationship amongst the three governments.  The power connector project will […]

Continue Reading

Aminex, Solo deal in Tanzania gets approval

| December 18, 2014 | 0 Comments

Aminex, Solo deal in Tanzania gets approval SOLO Oil PLC saw its shares in London Stock Market re early yesterday after the government gave no objection to its proposed deal to buy up to a 13 per cent interest in the Kiliwani North Development Licence in the country for US $7 million. Solo Oil buying […]

Continue Reading

More airlines continue to hit Tanzanian skies

| December 14, 2014 | 0 Comments

More airlines continue to hit Tanzanian skies AIR Seychelles aircraft. The airline recently introduced direct flights between Dar es Salaamand Victoria. (File Photo) THE aviation industry has continued to attract more key players, creating a favourable platform for growth of the tourm sector and its contribution to the economy. Last week, Air Seychelles launched direct […]

Continue Reading

Njombe, Iringa artanal miners undergo training

| December 13, 2014 | 0 Comments

Njombe, Iringa artanal miners undergo training Iringa Regional Commsioner, Dr Chrtine Ishengoma. OVER 100 artanal miners in Iringa and Njombe regions have undergone a three-day training aimed at improving their operations in accordance with the Mining Act of 1998 and Mining Regulation of 2009. Opening the training, Iringa Regional Commsioner, Dr Chrtine Ishengoma, said six […]

Continue Reading

US says Tanzania aid tranche depends on anti-graft action

| December 12, 2014 | 0 Comments

DAR ES SALAAM (Reuters) – The United States warned aid-reliant Tanzania on Thursday that further assistance, under a program that rewards countries for good governance, depended on its success in fighting corruption. Over the past six years, the east African nation has fallen 17 places to 119 in a global ranking of perceived official corruption […]

Continue Reading

China picks Tanzania as investment model

| December 4, 2014 | 0 Comments

China picks Tanzania as investment model CHINA has picked Tanzania among the countries in Africa that will act as a focal point and a model for the second largest economy in the world investment programmes on the continent. The three countries, Tanzania, Ethiopia and Mozambique, would then act as a showcase for China’s investors activities […]

Continue Reading

Richland Resources to leave Tanzania

| November 29, 2014 | 0 Comments

Richland Resources to leave Tanzania A DAY after announcing that it had gained some control over illegal mining activities at its Tanzanian operations, Aim-lted Richland Resources has agreed to sell the embattled TanzaniteOne Mining Limited (TML) to Sky Associates for US$ 5.1 million. The gemstone producer and developer, following a comprehensive review of the strategic […]

Continue Reading

Construction of LNG plant to take seven years

| November 29, 2014 | 0 Comments

Construction of LNG plant to take seven years COMPLETION of an ambitious mega project of a Liquefied Natural Gas (LNG) plant in Mtwara Region scheduled to take seven years. Statoil Tanzania Operations Manager, Mr Thomas Mannes has said that, if all goes as planned, the plant will commence operations between 2022 or 2023. The plant […]

Continue Reading

Prons department embarks on limestone production

| November 25, 2014 | 0 Comments

Prons department embarks on limestone production PRODUCTION of limestone which an important raw material in the manufacture of cement, will start at Wazo Hill pron area in March, thanks to a memorandum of understanding (MoU) signed by the Tanzania Portland Cement Company Limited (Twiga Cement) and Prons Corporation Sole. Twiga Cement Managing Director, Mr Alfonso […]

Continue Reading

India, Tanzania trade imbalance worrome

| November 22, 2014 | 0 Comments

India, Tanzania trade imbalance worrome THE private sector should champion efforts to bridge huge trade deficit between Tanzania and India and change the current trend of exporting raw crops which not helping local manufacturing base to grow, a local business leader has appealed. The President of the Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA), […]

Continue Reading