Market News

 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 . . .

 At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries. Africa has record . . .

 Black Rock Mining Ltd (ASX:BKT) has achieved 99.99994% purity using a simple thermal purification process on flake graphite concentrate from the Mahenge graphite project in Tanzania.   A unique feature of Mahenge allowed a high purity concentrate to be produced, which then allowed the h . . .

 Tanzanian based gold miner, Acacia, has had a 2016 to remember with the announcement of another strong performance in its third quarter.   Shares in the company jumped more than 9pc to £5.15 in early trade, with a 25pc leap in gold production year on year. Running at the same time . . .

 Dar es Salaam — The $2.7 billion (about Sh6 trillion) Mchuchuma coal and Liganga iron-ore mining projects in the southern highland zone may delay further as investors await the government's decision to offer incentives, BusinessWeek has learnt.   The Energy and Minerals Deputy Min . . .