Tanzania fines Acacia Mining $2.4 mln over alleged pollution

DAR ES SALAAM, May 20 (Reuters) – Tanzania’s mining minister said on Monday Acacia Mining had been fined 5.6 billion Tanzanian shillings ($2.4 million) for alleged pollution at its North

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Tanzania fines Acacia Mining $2.4 mln over alleged pollution

DAR ES SALAAM, May 20 (Reuters) – Tanzania’s mining minister said on Monday Acacia Mining had been fined 5.6 billion Tanzanian shillings ($2.4 million) for alleged pollution at its North

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Acacia Mining says Tanzanian mine to be issued environmental protection order

May 17 (Reuters) – Acacia Mining Plc said on Friday its North Mara Gold Mine would be issued an environmental protection order (EPO) relating to alleged historical breaches of environmental

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Uganda agrees to pay oil firms more to use planned pipeline

KAMPALA, May 15 (Reuters) – Uganda said on Wednesday it had agreed to pay a higher tariff to use a pipeline planned to run through neighbouring Tanzania, boosting the prospects

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Tanzania to offer 26 big game hunting blocks in new auction 

DAR ES SALAAM, May 13 (Reuters) – Tanzania plans to introduce a new auctioning system for big game hunting blocks next month, in a move aimed at enhancing transparency and

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Acacia Mining hits back at parent Barrick in Tanzania row

* Acacia says has turned round failing company * Barrick open to buying out minority shareholders, not at premium LONDON, May 9 (Reuters) – Acacia Mining on Thursday hit back

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Tanzania opposition activist found beaten, dumped in village 

DAR ES SALAAM, May 9 (Reuters) – A Tanzanian opposition activist has been found beaten and unconscious at a village in the country’s southern highlands five days after unidentified people

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UPDATE 1-Kenya’s Equity Group posts 6 pct rise in Q1 pretax profit

(Adds details, background) NAIROBI, May 9 (Reuters) – Kenya’s Equity Group Holdings said on Thursday its first quarter pretax profit rose 6 percent, helped by higher intetest income, and expects

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Kenya’s Equity Group Holdings in talks over buying African bank stakes – statement

NAIROBI, April 30 (Reuters) – Kenya’s Equity Group Holdings said on Tuesday it had entered discussions with London-listed financial services firm Atlas Mara Limited about buying stakes in banks in

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Tanzania makes $310 mln advance payment for dam on heritage site

DAR ES SALAAM, April 24 (Reuters) – Tanzania made an advance payment on Wednesday of $309.65 million to a joint venture of Egyptian companies for the construction of a hydropower

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UPDATE 1-Tanzania denies blocking release of scathing IMF report

(Adds response from IMF) By Fumbuka Ng’wanakilala DAR ES SALAAM, April 23 (Reuters) – Tanzania on Tuesday denied blocking the publication of a critical International Monetary Fund report that accuses

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Landslide kills 3 in Tanzania, several injured 

DAR ES SALAAM, April 23 (Reuters) – A landslide triggered by rains killed at least three people at a mine in the northern Tanzanian town of Arusha on Tuesday and

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Tanzania denies blocking release of scathing IMF report

DAR ES SALAAM, April 23 (Reuters) – Tanzania on Tuesday denied blocking the publication of a critical International Monetary Fund report that accuses President John Magufuli’s government of undermining economic

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Tanzania eyes 10,000 MW power generation capacity by 2025

DAR ES SALAAM, April 23 (Reuters) – Tanzania aims to have six times its current power generation capacity by 2025 through investment in thermal and renewable energy, deputy energy minister

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IMF forecasts Tanzanian economic growth of 4-5 pct in medium term

NAIROBI, April 18 (Reuters) – Tanzania’s economy will be subdued if recent government policies and legislation continue, threatening to hit growth in East Africa’s third largest economy, an International Monetary

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Tanzania agrees $1.7 bln financing deal with World Bank

DAR ES SALAAM, April 13 (Reuters) – Tanzania has agreed a new $1.7 billion financing deal with the World Bank to fund various projects during fiscal year 2019/20, its finance

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Road traffic charity paves way to safer cities for African children

DAKAR, April 11 (Thomson Reuters Foundation) – Tanzania’s main city Dar es Salaam did not have traffic signs, speed bumps or footpaths outside many schools, although children walking to class

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IMF cuts Tanzania’s 2019 economic growth forecast to 4 percent

DAR ES SALAAM, April 10 (Reuters) – The International Monetary Fund lowered its forecast for Tanzania’s economic growth this year and in 2020 to around 4 percent from a previous

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Tanzania to ban single-use plastics by July – environment minister

DODOMA, April 8 (Reuters) – Tanzania plans to ban the production, importation, sale and use of all single-use plastic bags by July, to help tackle pollution from non-biodegradable waste. The

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UPDATE 1-Genel Energy names oil veteran and insider Bill Higgs as CEO

(Adds details on Higgs, Özgül, Iraq operations) April 8 (Reuters) – Genel Energy Plc named oil veteran and Chief Operating Officer Bill Higgs as its top executive, the oil and

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Tanzania’s tourism revenues jump 7 pct in 2018

NAIROBI, April 5 (Reuters) – Tanzania’s earnings from tourism jumped 7.13 percent last year, helped by an increase in arrivals from foreign visitors, the government said on Friday. Tourism is

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UPDATE 1-Vodacom Tanzania says firm accused of causing $4.76 mln loss to government

(Adds details, background) NAIROBI, April 4 (Reuters) – Vodacom Tanzania said on Thursday it was being accused of causing an 11 billion shilling ($4.76 million) loss to the government as

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Indonesia’s Medco sees 100,000 boepd production after Ophir deal

JAKARTA, April 2 (Reuters) – * Indonesia’s oil and gas company PT Medco Energi Internasional expected its oil and gas production to rise to above 100,000 barrels of oil equivalent

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Tanzania to conclude talks for delayed LNG project in September 

DAR ES SALAAM, March 23 (Reuters) – Tanzania says it plans to conclude talks in September with a group of foreign oil and gas companies led by Norway’s Equinor on

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UPDATE 3-Ophir agrees to be bought by Indonesia’s Medco in a sweetened bid

(Adds Ophir statement on earlier offer from Coro) By Shubham Kalia March 20 (Reuters) – London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil

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Indonesia’s Medco sweetens bid for Ophir Energy

March 20 (Reuters) – Ophir Energy Plc on Wednesday said it had received a sweetened cash offer from Indonesian oil and gas group Medco valuing it at about 408.4 million

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Tanzania sets up mineral trading centres to curb illegal gold exports 

* Small-scale miners produce about 20 tonnes of gold a year * Centres will allow small miners access to formal market * Tanzania is Africa’s fourth biggest gold producer By

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U.S. to impose visa restrictions over ICC actions -Pompeo

WASHINGTON, March 15 (Reuters) – The United States will impose visa restrictions on people responsible for any International Criminal Court probe, a move aimed at preventing actions against U.S. and

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UPDATE 1-Tanzania sees overall spending up slightly in 2019-20 – finance minister

(Adds details, background) DAR ES SALAAM, March 12 (Reuters) – Tanzania plans to raise its total spending in 2019-20 (July-June) slightly to 33.11 trillion shillings ($14.16 billion), with the funds

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Tanzania sees overall spending up 2 pct in 2019/20 – finance minister

DAR ES SALAAM, March 12 (Reuters) – Tanzania plans to raise its total spending in 2019/20 (July-June) to 33.11 trillion shillings ($14.16 billion), up from 32.48 trillion shillings in the

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Norway wealth fund says exclusions will affect 1.2 pct of its equity holdings

OSLO, March 8 (Reuters) – The Norwegian government’s proposal to exclude oil and gas explorers and producers from its trillion-dollar sovereign wealth fund will affect 1.2 percent of the fund’s

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UPDATE 3-Tanzania orders cleanup at Acacia gold mine, threatens closure

* North Mara mine is Acacia’s largest * Minister says toxic water leaking from tailings storage * Acacia says it has stopped temporary overspill at the mine (Updates with Acacia

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