Market News

 The Tanzanian government has signed an agreement with mining companies operating in the country.The agreement sets new terms for royalty payments, scrapping the 15 per cent value-added tax (VAT) relief and increasing the fees companies pay for services they get in the mining areas.   An . . .

 Keroche Breweries has invested Sh4 billion to expand its Naivasha plant. Company chief executive Tabitha Karanja said the brewer will also be increasing its range of products. “Keroche is embracing advanced brewing technology to ensure Kenyans and the region get sufficient supply of hig . . .

Arusha — AFTER a 12-month freeze on the road connecting Kilimanjaro International Airport's (KIA) junction and the Mirerani Mining Hills of Simanjiro, work is set to resume soon, following the appointment of a new contractor. Regional Manager, Tanzania National Roads Agency (TANROADS), Eng. D . . .

Tanzania expects to double its cement output over the next few years according to a report by the Daily News. The news agency reported that Tanzanian Deputy Minister for Industry and Trade, Janet Mbene expects the country’s annual cement production to rise to 6 million tonnes with the future . . .

In September 2nd, Yantai Xinhai Mining Machinery Co., Ltd. and a Tanzania state-owned mine reached cooperative intent, and signed the contract -----"EPCM Mines Service" in Dar Es Salaam the capital of Tanzania. The cooperation ranged over four fields, exploration, mining, ore dressing and smelting. . . .