Carbacid Shareholder Baloo Patel Ups stake to 127.2 Million Shares
Carbacid Investments Plc has seen a change in its ownership structure with majority shareholder Billionaire Baloobhai Chhotabhai Patel jointly with his wife Amarjeet Baloobhai Patel, increasing their stake to 127,172,592 [...]
ARM to be Finally Sold After Its Revival Flops
Athi River Mining Company is to wind up its operations on 30th September 2021, bring an end to more than two years when the cement maker has been under administration. [...]Tullow Oil to Invest KSh340 Billion More in Kenya's Oil
Tullow Oil has announced plans to invest KSh340 billion more in its crude oil development project in Kenya, as a result of additional wells that are set to be drilled [...]
Goldplat Plc to pay Shareholders after Sale of Kenya's Kilimapesa Mines
Goldplat Plc, a UK-based mining company with interests in South Africa, Ghana and Burkina Faso, has said it will pay royalties and surplus cash to shareholders as it nears completion [...]Base Titanium Gets Approval to Extend Mining Operations for 1 Year
Mining company, Base Titanium, has gotten approval from the Petroleum and Mining ministry to extend its operations in Kenya by 1 year under a new licence. The Ministry is processing [...]Nigeria Senate Passes Oil Industry Bill
Nigerian Senate, alongside the National Assembly, has passed a two-decade long-awaited oil industry bill that seeks to overhaul nearly every aspect of the country's oil and gas production. The Petroleum [...]Base Titanium on Brink of Closure as Mine Fields Near Depletion
Mining company, Base Titanium, is facing possible closure of its activities in Kwale and is looking for options to extend the mine life while it hopes for expansion to other [...]Tanzania's Gold Exports Fetch $2.95 Billion in 2020
Tanzania’s earnings from gold exports rose 34% in 2020, fetching$2.95 billion. This compares to $2,21 billion that was recorded in 2019. In its latest monthly economic review, the Bank of [...]Tullow Oil's Exploration License in Kenya Extended
Tullow Oil's exploration license in Kenya has been extended to 2021. The UK based oil and gas exploration and production company has interests in over 70 exploration and production licenses [...]Tullow Oil Shifts Focus to Ghana, Invests $2.7 Billion
Tullow Oil has shifted its focus to West Africa, as it plans to invest$2.7 billion in Ghana's oil fields, which form the backbone of its business. The move seeks to [...]Shanta Gold Acquires Barrick's Kenya Gold Projects
Shanta Gold, East Africa-focused gold producer, has completed the acquisition of 100% shares ofBarrick’s subsidiary Acacia Exploration Kenya (AEKL)from three subsidiaries of Barrick Gold. With the receipt of regulatory approvals [...]Saudi Oil Giant Aramco Plans Dividend Despite a 73% Profit Crash
CEO of Aramco says the company still plans to pay a dividend of $75 billion despite a significant drop in its net profit. Profits for the company for the quarter [...]
