Tanzania plans to streamline its oil and gas industry to the world, via a robust and tailor-made, two-day congress, commencing on 2^nd and 3^rd of October 2019.

For a third time, Tanzania will host the Oil and Gas Congress and attract delegates from over 67 nations across the globe, including sector’s crucial players: Oman, UAE, Canada, Brazil, UK, Norway, and India.

Organized by Ocean Business Partners and CWC, via a partnership with other essential government parastatals and private sector in Tanzania, the 3rd Oil and Gas Congress stands to be an event not to be missed.

Tanzania—has been ascending in the extractives sector’s ladder quite steadily over the past decade, levitating commercial aspects in natural gas production and enhancing national content take-up across the country by building capacity with local suppliers, technocrats and consumers.

In that context, the anticipated and eye-catching congress is yet another concrete and calculated …

Tanzania’s Central bank, the Bank of Tanzania (BoT) has pledged 500m/-  in soft loans to the country’s artisanal gold miners.

The loans will be extended via the 13-year-old artisanal miners’ empowerment scheme dubbed the Small and Medium Enterprises Credit Guarantee Scheme (SME-CGS).

Under the scheme, the artisanal miners are guaranteed working capital from commercial banks in their respective areas of operation. The way it works is that the central bank guarantees the commercial bank up to 50% of the loan amount that the miner applies for. On the other hand,  the recipient is then responsible to cover the remaining 50%.

This scheme was passed into law by the Act of 2006 which stipulates that when the loan is passed then the responsible financial institutions pays one per cent of the guaranteed loans to the central banks.

To secure these soft loans requires a business plan complete with financial plans detailing …

The extractive industry in Tanzania is prone to substantial operational and management changes.

Since President John Magufuli took leadership, several mining sector advancements have been made in the course of 3 years, proving billions in return at a rather intriguing socio-political cost.

The latter can be reflected, in a recent development ushered by Ministry of Mining (on September 19^th 2019) directing all gold produced from Biharamulo gold mine, operated by STAMIGOLD company a subsidiary of the State Mining Cooperation (STAMICO), to be sold within Tanzania, primarily in the newly established Biharamulo gold market, by December 2019.

During the first quarter in 2019, the mining sector saw a 10 per cent growth, which was attributed by increased gold production.

However, the mining industry contributed over 5.07 per cent to Gross Domestic Product (GDP) by 2018, this being a significant increment attributed by the ongoing reformation in the sector, compelling wider …

Armadale Capital, a London Stock Exchange’s AIM-listed investment company focussed on resource projects in Africa has secured an MOU with a China-based technology company CoolRU Information Technology for 5,000tpa of graphite concentrate produced at Tanzania’s Mahenge Liandu over an initial five-year period.

Armadale’s wholly-owned Mahenge Liandu Graphite Project is located in a highly prospective region, with a high-grade JORC compliant indicated and inferred mineral resource estimate announced February 2018 – 51.1Mt at 9.3% TGC. This includes 38.7Mt Indicted at 9.3% and 12.4Mt at 9.1% TGC, making it one of the largest high-grade resources in Tanzania.

Armadale acquired a 100% interest Mahenge Liandu in July 2016.

CoolRU was established in 2006 and is registered in WangJing Science Park in Beijing China. It is working closely with Geek+, the world’s leading provider of advanced robotics and AI technologies, to offer truly comprehensive intelligent logistics solutions to customers.

CoolRU is developing various applications …

Ethiopia rejected a proposal by Egypt to operate on the $4 billion hydropower dam Ethiopia is building on the Nile.

This rejection is further deepening the disputes between the two nations over the project being conducted by Ethiopia.

In a press conference in Addis Ababa Ethiopia’s capital, Sileshi Beleke, minister for water, irrigation and energy described Egypt’s plan, which includes the volume of water it wants the dam to release annually as “inappropriate”

He further said that the proposal from Egypt was unilaterally decided and did not consider their previous agreements.

“We can’t agree with this…we will prepare our counter-proposal.”

In 2011, the Grand Ethiopian Renaissance Dam (GERD) was announced, it is designed to be the centrepiece of Ethiopia’s bid to become Africa’s biggest power exporter, generating more than 6,000 megawatts.

The dam has been the center of disagreements between Ethiopia and Egypt as the two countries disagree over the …

Russia and Uganda have agreed to work together in the field of nuclear energy, Rosatom the Russian nuclear agency said on Wednesday.

Russia’s state-owned companies have been the key part of the strategy to bolster Moscow’s presence in Africa, as it seeks to strengthen its influence in Africa.

Ugandan President Yoweri Museveni is seeking to use his country’s uranium deposits to develop nuclear power.

The two countries signed an intergovernmental agreement to cooperate in the peaceful use of nuclear energy. The agreement was signed on the sidelines of the 63rd General Conference of the International Atomic Energy Agency, in Vienna, Austria, on Tuesday.

The agreement was signed by Nikolay Spassky, Deputy Director General – Director of international activities of Russian State Atomic Energy Corporation Rosatom, on behalf of Uganda by Eng. Muloni Irene Nafuna, the Minister of state for energy and mineral resources of the Republic of Uganda.

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