Treasury Publishes Draft Framework for Sharing Mineral Royalties
Treasury has developed a draft framework for sharing revenue from mineral royalties among National Government, County Governments and Communities. In a public notice, Treasury CS Ukur Yatani said the purpose [...]
Tanzania Awards Base Titanium 4th License, Increasing its Potential Investment Decision
Base Titanium has won a fourth prospecting licence in Tanzania, increasing its potential investment decision in the country. Previously, Tanzania had granted the company three prospecting licenses during the second [...]
TotalEnergies, Shell in Fresh Bid to Explore Oil in S. Africa
TotalEnergies, Shell want to explore for oil on a block off South Africa’s Southwest Coast months after hitting legal minefields This move comes months after two attempts to conduct seismic [...]Tullow Oil Risks Closure of Kenyan Operations as it Searches for Strategic Investors
Tullow oil risks closure of its operations at the Turkana Oil Project if it does not find a strategic investor in the project. In its latest annual report, Tullow says [...]Lamu Oil Basin Ruled as Commercially Unviable
Mlima-1, the well in the Lamu Oil Basin, off Kenya’s Indian Ocean coast recently touted as the country’s first offshore oil strike, is commercially unviable. Results of the exploration released [...]Shanta Gold Reports Gold Worth KSh365 Billion in West Kenya
Shanta Gold, East Africa-focused gold producer, developer and explorer, has announced a new resource estimate for the Ramula target at the West Kenya Project. The firm says it has found [...]UK's Caracal Gold Plc Raises US$ 2.7 Million for Kilimapesa Mine in Kenya
Caracal Gold Plc, UK-based Mining firm said Monday that it has raised US$2.7 million via a share placing, and will use the money for the Kilimapesa gold mine in Kenya. [...]Tullow Oil Projects to Spend $5 Million for Kenyan Operations in 2022
Tullow Oil has projected that it will spend $5 million (KSh565 million) in capital expenditure for oil development in Kenya this year. In its January Trading Statement and Operational Update, [...]Shanta Gold Production Rises by 7% in 2021
Shanta Gold, East Africa-focused gold producer, recorded a 7% increase in its gold production in 2021, hitting 834,607 tonnes. With its African assets, including New Luika Gold Mine, Singida Project [...]Base Titanium Extends Mining Operations to June 2024
Mining company, Base Titanium, has announced that it will extend its mining operations in Kenya until June 2024, from an earlier date of November 2023. The company had earlier indicated [...]Kenya Begins Oil Exploration Activities in Lamu
Kenya has begun oil and gas exploration activities in the Lamu Basin, ignoring the ICJ ruling over a maritime dispute with Somalia. Petroleum commissioner James Ng’ang’a said that ENI Kenya [...]Kenya to Raise $1 Billion in Debt for Tullow Oil Project
Plans are underway for Kenya to raise $1 billion of debt to buy a stake in an oil project operated by Tullow Oil Plc and its partners, likely to happen [...]
