DR Congo Awards 3 Licences for Lake Kivu Natural Gas Blocks
The Democratic Republic of Congo has awarded licenses for three natural gas blocks in Lake Kivu to Renewable Energy Developments (a subsidiary of United States-based Symbion Power), Winds Exploration and [...]
Shanta Gold Finds 3 New Gold Fields in Western Kenya
Shanta Gold, East Africa-focused gold producer, developer and explorer has discovered three more gold fields within the Western Kenya belt, following ongoing exploration efforts. The three fields; Kimingini, Dhene and [...]Base Titanium Posts Sales Worth KES 7.5 Billion in Q3 2022
Base Titanium has posted sales worth KES 7.5 billion in the third quarter of 2023, attributed to increased exports and higher prices of the minerals in the international markets. The [...]Mozambique to Make First LNG Export to Europe in November
Mozambique is set to make the first Liquefied Natural Gas export to Europe next month, withe BP’s LNG tanker, British Sponsor, having already arrived offshore northern Mozambique. Mozambique expects to [...]Somalia Signs $7 Million Oil Exploration Deal with US Company
Somalia’s government signed an oil-production sharing agreement with US-based Coastline Exploration Ltd., the latest step toward developing the country's energy industry. Coastline, based in Houston, Texas, paid $7 million to [...]Shanta Gold's West Kenya Project Posts KSh874.7 Million Loss
Shanta Gold, East Africa-focused gold producer, developer and explorer posted a net loss of KSh874.7 million in its West Kenya project last year. This reflects the capital expenditure it is [...]India in Talks with Tullow Oil to Buy Kenyan Operations for KSh356.5 Billion
Two Indian state-backed companies are in talks to acquire Tullow Oil’s stake in Kenya's Turkana oil projects in a deal estimated to hit KSh356.5 billion. Bloomber reports that executives of [...]Base Titanium to Invest KSh3.3 Billion Capital in New Mining Site
Base Titanium has announced plans to make a capital expenditure of KSh3.3 billion at a new mining site on its Kwale operation, extending the life of the venture by 13 [...]Kazera to Acquire Majority Stake in Great Lakes Graphite for KSh 108.2m
Kazera Global, a UK company, has signed a deal to acquire a 71% stake equivalent to KSh 108.2 million (£ 750,000) in Great Lakes Graphite-a Canadian firm that has vast [...]
Namibia Seeks to Double GDP by 2040 with Largest Oil Discovery Since Independence
Namibia projects its biggest oil discoveries since independence will help double its gross domestic product (GDP) by 2040. TotalEnergies in February said it had made a “significant” oil discovery off the [...]Bamburi Cement Plc Shareholders Approve KSh 1.3 Billion Dividend Payout
Bamburi Shareholders approved payment of a first and final dividend of KSh 3.58 per share during its 71st Annual General Meeting(AGM), held virtually on 16th June 2022. This is equivalent [...]Uganda to Fetch $12 Trillion from New-Found Gold Deposits
Uganda has announced that it has struck a deposit of 31 million tonnes of gold ore, with extractable pure gold estimated to gross 320,000 tonnes. President Museveni provided little detail, [...]
