Shell offers $1.83 billion for East Africa-focused Cove Energy
Buying Cove would give Shell "significant potential for new LNG from recent gas discoveries offshore Mozambique", the company said. LONDON (AFP) – Royal Dutch Shell on Wednesday said it had offered to buy Cove Energy, a London-listed company with key operations in East Africa, for 922.4 million pounds (S$1.83 billion). The cash offer More...
Battery maker restructures to survive tough market
Eveready East Africa has announced a series of personnel changes and internal restructuring geared to assisting the company achieve its strategic objectives. The changes are designed to ensure the company has the More...
Tanzania minister warns miners against illegal practices
Energy and Minerals minister William Ngeleja said his ministry would take stern measures against miners, both small and large scale, operating without following the country’s laws and regulations. Minister of More...
Twiga Cement raises production despite power shortage
Besides the challenges facing cement production in Tanzania, Twiga Cement Company has managed to maintain its lead in the distribution and selling of cement products in the country. Managing Director of Tanzania More...
Tanzanian cement producers advised to set up regional depots
Cement manufacturers in Tanzania have been advised to establish own cement depots in remote areas so as to have the commodity’s retail price reduced. The advice was given by Industry and Trade minister Dr Cyril More...
Rwandan miners appeal for credit facilities
Miners at Gifurwe Wolfram Company in Burera District. The New Times Investors in the mining sector have called on banks to give them credit facilities to boost trade. The mining sector ranks among the country’s More...
Court stops sacking of Karbolo as Portland Cement chairman
The High Court has stopped President Kibaki’s decision to replace the new East Africa Portland Cement board chairman. Sitting in Nairobi, High Court Judge Mohammed Warsame issued interim orders stopping the Government More...
Tanzania: Experts fault mining companies on revenues
Dr. Kojo Busia Mining stakeholders have faulted revenue collection in the mining sector, saying it lacks transparency on part of the mining companies hence hindering the African Peer Review Mechanism (APRM) process. The More...
Williamson Diamonds revenues shoot up
Williamson Diamond Mine, Mwazui, Tanzania Williamson Diamonds, a subsidiary of South Africa’s Petra Diamonds, saw its revenues rising to 7.5 million US dollars (about 12bn/-) in the second half of last year, More...
Blockage of quarry sites cripples cement factory operations
Barely two weeks after the troubled East African Portland Cement (EAPCC) roared back to life, the cement factory is facing closure due to lack of raw materials. Members of Maasai community have closed access to More...
