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April 24, 2012
Shell to acquire Cove Energy

Shell has agreed to buy East Africa-focused Cove Energy in a deal worth £1.12 billion, it has been announced.

Shell has agreed to buy East Africa-focused Cove Energy in a deal worth £1.12 billion, it has been announced.

London-listed Cove will be acquired by the energy giant’s Shell Bidco subsidiary.

The acquisition marks Shell's entry into Kenya and Mozambique, with potential for new LNG from recent gas discoveries offshore Mozambique. Shell already has interests in Tanzania.

March 27, 2012
Peak Resources

Richard Beazley, managing director of Peak Resources, talks to Gay Sutton about the discovery of a world class rare earths mineral deposit in Tanzania and how the company is transitioning from exploration to mining.

Richard Beazley, managing director of Peak Resources, talks to Gay Sutton about the discovery of a world class rare earths mineral deposit in Tanzania and how the company is transitioning from exploration to mining.

This is the sort of discovery that most geologists go into mining for, and the anticipation is palpable at Australian exploration company Peak Resources. On 29 February, Peak announced its first maiden resource at Ngualla in south-west Tanzania.

February 24, 2012
Statoil makes major gas discovery offshore Tanzania

Norway’s Statoil and partner ExxonMobil have made a large gas discovery in the Zafarani exploration well offshore Tanzania. 

Norway’s Statoil and partner ExxonMobil have made a large gas discovery in the Zafarani exploration well offshore Tanzania. 

Logging results have shown what Statoil is calling a “high impact discovery”, so far proving up to five trillion cubic feet of gas in-place.

The well has encountered 120 metres of excellent quality reservoir with high porosity and high permeability, Statoil said. The gas-water contact has not been established and drilling operations are ongoing.

January 30, 2012
IPP Resources

IPP Resources of Tanzania has a double distinction: not only is the company Tanzania’s largest diversified resources group, but also Tanzania’s only wholly indigenous mining and exploration entity.

IPP Resources of Tanzania has a double distinction: not only is the company Tanzania’s largest diversified resources group, but also Tanzania’s only wholly indigenous mining and exploration entity.

 

November 30, 2011
Detour Gold Corporation

Detour Gold has its timing just right in its bid to exploit Canada’s largest gold deposit. We talk to Gerald Panneton, founder, president and chief executive officer.

As nations run out of money, gold returns to underpin global economics: it’s a good time to be producing it and Detour Gold has got its timing just right in its bid to exploit Canada’s largest gold deposit.

 

November 25, 2011
Southern Engineering Company Limited

Southern Engineering Company Limited and Alpha Logistics Services (EPZ) Ltd, part of the Alpha Group of Companies’ brand, is benefiting from international interest in East Africa.

Southern Engineering Company Limited and Alpha Logistics Services (EPZ) Ltd, part of the Alpha Group of Companies’ brand, is benefiting from international interest in East Africa. But it is no newcomer: it has been building ships and delivering marine engineering and logistics solutions at Mombasa for decades.

 

November 25, 2011
TPC Limited

Robert Baissac, CEO of TPC Limited, one of Tanzania’s largest enterprises in the sugar sector, talks to Jayne Alverca about the unique potential of the industry to support East Africa’s development goals.

Robert Baissac, CEO of TPC Limited, one of Tanzania’s largest enterprises in the sugar sector, talks to Jayne Alverca about the unique potential of the industry to support East Africa’s development goals.

 

Sugar is a staple output of Tanzania’s agricultural sector and has a key role in supporting the country’s economic development. Nestling in the alluvial valleys below Mount Kilimanjaro is the 16,000 hectare estate of TPC Limited, which produces almost one third of Tanzania’s total sugar output.

November 21, 2011
DHL Supply Chain Eastern Europe, Middle East & Africa

At a time when many market sectors are struggling to find growth, we look at the key role DHL’s Supply Chain division plays in keeping its customers within Eastern Europe, Middle East and Africa competitive.

DHL is the global market leader in the logistics industry. At a time when many market sectors are struggling to find growth, we look at the key role DHL’s Supply Chain division plays in keeping its customers within Eastern Europe, Middle East and Africa competitive.

 

November 21, 2011
Djibouti Telecom

International carrier Djibouti Telecom already has the strongest presence in Eastern Africa. Now it has ambitious plans to expand further across the region and become the gateway to Europe.

International carrier Djibouti Telecom already has the strongest presence in Eastern Africa. Now it has ambitious plans to expand further across the region and become the gateway to Europe. General manager Abdourahman Mohamed Hassan talks to Jayne Alverca.

 

October 24, 2011
PanAfrican Energy Tanzania

Against a background of accounts that Iran is oil-rich but petrol-poor, Alan Swaby looks at Tanzania, which is gas-rich and electricity-poor.

Against a background of accounts that Iran is oil-rich but petrol-poor, Alan Swaby looks at Tanzania, which is gas-rich and electricity-poor.

 

It’s all very well wanting to be green with a sustainable energy policy; but if nature doesn’t play ball, then as the Scottish poet Robert Burns tells us: the best laid plans of mice and men oft go astray.

August 4, 2011
Valiant makes further investment into Trilith

Valiant Investments has announced that it has invested a further US$50,000 into Trilith Resources.

Valiant Investments has announced that it has invested a further US$50,000 into Trilith Resources.

Valiant said that the funds will be used by UK-based Trilith to acquire natural resource projects in Zambia and Tanzania, with a principle focus on gold and copper mineralisation.

UK-based Valiant has now invested a total of $150,000 (approximately €104,000) into Trilith.

June 28, 2011
Protech Khuthele Holdings Ltd

Life is not easy in the construction industry, even in South Africa; but Protech Khuthele’s history is an object lesson in how to entrench and expand a niche capability.

Life is not easy in the construction industry, even in South Africa; but Protech Khuthele’s history is an object lesson in how to entrench and expand a niche capability.

 

June 7, 2011
Detour Gold Corporation

The location of Detour Gold Corporation’s Detour Lake project makes it an excellent candidate for relatively inexpensive development, which is coming to fruition at an impressive pace.

The location of Detour Gold Corporation’s Detour Lake project makes it an excellent candidate for relatively inexpensive development, which is coming to fruition at an impressive pace.

 

May 18, 2011
BCM Group

Allan Morrison, Central Asia operations manager of BCM Group, West Africa’s longest established surface mining and civil earthworks contractor, talks to Jayne Alverca about what it takes to become the partner of choice to some of the mining industry’s biggest players.

Allan Morrison, Central Asia operations manager of BCM Group, West Africa’s longest established surface mining and civil earthworks contractor, talks to Jayne Alverca about what it takes to become the partner of choice to some of the mining industry’s biggest players.

 

May 18, 2011
MOGAS Group

Having established a solid market position in the downstream and retail oil market in East Africa, MOGAS is expanding aggressively and preparing to diversify. CEO Geoffrey Rugazoora outlined his vision to John O’Hanlon.

Having established a solid market position in the downstream and retail oil market in East Africa, MOGAS is expanding aggressively and preparing to diversify. CEO Geoffrey Rugazoora outlined his vision to John O’Hanlon.

 

March 21, 2011
Mafula Energy attracts investment

Zambia-based oil and gas exploration company Mafula Energy has attracted $60,000 of investment from London-based investment company Hot Rocks Investments.

Zambia-based oil and gas exploration company Mafula Energy has attracted $60,000 of investment from London-based investment company Hot Rocks Investments.

Mafula is currently focused on establishing a portfolio of oil and gas exploration assets in Zambia. Nearby countries including Angola, Uganda, DRC and Tanzania have all made significant oil discoveries—thought to be due to their position within the oil-rich East Africa Rift System, from which Zambia could also benefit.

November 16, 2010
BP sells Southern African assets

BP has announced the sale of its Southern African forecourt network to Puma Energy, a unit of international commodities trader Trafigura, for $296 million.

BP has announced the sale of its Southern African forecourt network to Puma Energy, a unit of international commodities trader Trafigura, for $296 million.

BP is selling its interests in forecourts and supply businesses in Namibia, Botswana, Zambia, Tanzania and Malawi. The sales do not include BP's refining and marketing businesses in Mozambique or South Africa.

Angola's state-owned oil company Sonangol will buy a 10 per cent stake in Puma's newly acquired assets.

July 27, 2010
Profits rise by 217 per cent at African Barrick Gold

African Barrick Gold has reported a half year net profit rise of 217 per cent.

African Barrick Gold has reported a half year net profit rise of 217 per cent.

Profits at the miner soared to $99 million (approx. €76 million) on the back of increased production and the rising price of gold.

Revenue rose by 64 per cent to $424 million (approx. €326 million) and production by 23 per cent to 356,208 ounces. Realised gold prices jumped by 28 per cent to $1,155 (approx €888) per ounce.

June 1, 2010
Stefanutti Stocks Marine

Since joining forces with a larger company, Stefanutti Stocks Marine (previously known as Civil & Coastal Construction) has continued to thrive, taking on bigger and more lucrative projects than ever before. Andrew Pelis talks to Simon Allen about the many benefits that have arisen from the change in ownership.

Since joining forces with a larger company, Stefanutti Stocks Marine (previously known as Civil & Coastal Construction) has continued to thrive, taking on bigger and more lucrative projects than ever before. Andrew Pelis talks to Simon Allen about the many benefits that have arisen from the change in ownership.