Saturn Resources gets CAK Approval to Acquire Gold Miner, Shanta Gold
The Competition Authority of Kenya (CAK) has approved the proposed acquisition of gold exploration company Shanta Gold Limited by ETC Group's Saturn Resources Limited for an undisclosed sum. The three [...]
13 Artisanal Mining Sites Closed in Marsabit County Over Insecurity
The government has ordered closure of 13 artisanal mining sites in Marsabit county to contain insecurity in the region. The move which will disrupt income flow in the area comes [...]Zambia Declares National Disaster Amidst Food and Energy Crises
Zambia has declared a state of national disaster and emergency due to a severe drought that its president, Hakainde Hichilema, attributes to the the el Niño weather phenomenon, influenced by [...]
Kenya's Strikes Coltan Deposits in Six Counties
The Ministry of Mining and Blue Economy is currently in the process of tracking the economic value of coltan deposits discovered in six counties in Kenya. When mining begins, 20% [...]NSE’s Next Listing Expected to be Marula Mining
Marula will be the first metals mining company to list in Nairobi, and would join the exclusive club of dual-listed companies.
How Africa Can Benefit from its Critical Minerals
Africa holds more than half of the world’s reserves of cobalt, 46% of its manganese, and 21% of its graphite, all used in EV batteries.
Cabinet authorizes Partial Lifting of Moratorium on Issuance of New Mining Rights, approves Co-operative Bill
The government has moved to strengthen cooperatives across the country and protect members fund from misuse with the approval of cooperatives Bill, 2023, at Cabinet level. The proposed law is [...]East African Portland to Craft Recovery Plan by August
East African Portland Cement must design a financial recovery strategy by August 17th this year, according to directions from the National Assembly Public Investments Committee on Commercial Affairs Energy, [...]
Kenya To Repossess Over 1500 Idle Mining Permits
The Kenyan government has raised alarm over 1500 non-compliant licenses in the mining sector warning their owners they risk losing them. State department of mining said it has instituted a [...]Tanzania's Lifezone Metals Makes Historic Debut on NYSE
Tanzania-based battery metals development company Lifezone Metals Limited became the first company from the East African nation to go public on a major US exchange. The company made its debut [...]US Firm Titan Lithium Expands Operations in Tanzania, Finds Lithium Deposits with High Grades near Mt Kilimanjaro
Titan Lithium Inc, a US-based company, plans to expand its operations in Tanzania following the discovery of lithium deposits in the region. The company has found lithium deposits in two [...]East African Breweries Blames Rising Tax for Slow Growth in Half-Year Earnings
East African Breweries (EABL) has reported Kshs 57.3 billion ($532 million) in net sales for the half year ending December 31st, 2022, representing a 4% growth compared to the same [...]
