Market News

Dar es Salaam — Wärtsilä, a Finnish corporation which manufactures and services power, has promised to supply a 40 MW 'Smart Power Generation' plant to Geita Gold Mining Limited in Tanzania in the beginning of 2018.   The company which is one of the Independent Power Producers . . .

Dar es Salaam — Charcoal demand in Tanzania is likely to increase from 2.4 million to over 5 million tonnes annually by 2030 unless an affordable alternative cooking energy is found, experts have said.   To minimise environmental impacts of high demand they say the government must forma . . .

 The Tanzanian Ministry of Energy and Minerals recently granted a 10-year mining license to Australian resource company Graphex Mining (ASX:GPX) for the Chilalo graphite project in south-east Tanzania. The mining license has been granted for a period of 10 years and covers an area of 10sq. km . . .

 It seems almost as if there are two parallel economic worlds right now. In the developed economies, commentators and policymakers are bouncing from one moment of turbulence to another (the latest being Brexit) – whilst Africa undergoes structural, industrial and economic change. Africa&r . . .

 Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infras . . .