Market News

Tanzania and Australia decided to strengthen their business relations. Mr. Scott Morriss, the Australian Trade Commissioner for Africa, visited Tanzania to promote trade ties and increase Australia's involvement in the mining and energy industries. Mr. Morriss and Dr. Doto Biteko, the mini . . .

In an effort to expedite negotiations on pending mining and energy projects, Tanzania signed agreements worth 667 million USD with three Australian companies to mine rare earth minerals and graphite. Tanzania will own a 16% stake in each of the businesses that will be established in conjunction . . .

Coal valued at USD 195.5 million was exported during the year ending January 2023, according to the Bank of Tanzania's (BOT) Monthly Economic Review-February 2023.   When compared to coal exports worth USD 22.2 million in the year ending January 2022, this indicates an increase of +780%. & . . .

The 18 000 tpy flake graphite production facilities at the Sahamamy project in Madagascar have begun operation, according to Tirupati Graphite plc, a specialist graphite and graphene firm creating sustainable new age materials. Thus, the business has achieved a 30 000 tpy flake graphite capacity tha . . .

Identifying an existing opportunity, seizing it, and promoting its growth are sometimes the best strategies to take. The London-listed Marula Mining is utilizing this strategy as it expands its presence across the continent, particularly in East Africa. This tactic is already benefiting rewards . . .