Tanzania and Graphex Mining will review the impacts of new mining legislation on Chilalo graphite project. Indeed, on Monday 27, August 2018, the company announced in a statement that it submitted a document, listing ten major problems related to the new legislation, to the Tanzanian government. According to the statement, these problems could block the company from getting the funding necessary...

The Indian banking institution Bank of Baroda is planning to sell two of its subsidiaries (one in Ghana and another in Trinidad and Tobago). According to Indian media which reported the information, the sales should let the bank focus on its most profitable subsidiaries. “Some of these subsidiaries are not performing as per expectation. Hence, we decided to exit. Unlike Uganda and Kenya, which...

This day, Tuesday August, 28, 2018, the British prime minister Theresa May (photo), is starting a series of visits during which she will go to South Africa, Nigeria, and Kenya to discuss security as well as trade and investments promotion issues with those countries’ leaders in preparation of the Brexit. Leading directors of 29 British firms like David Schwimmer, the managing director of...

Since August 25, 2018, Lesotho residents have been experiencing the first ever super high broadband in Africa. Indeed, Vodacom, the mobile telecommunications operator launched the 5G network, Reuters reports. The operator indicates that thanks to this new technology, it is able to offer its clients quality service similar to that of the optical fiber. It explains that to launch this network in...

Facebook is actually working to improve its wireless internet network in Tanzania. Launched in 2017, in Arusha (a town in the Northeast), the service baptized “Express Wi-Fi” was deployed in partnership with the internet service provider Habari Node to provide access to about 2,600 people. However, this company failed to satisfy the American company’s geographical coverage...

Central Bank of Egypt indicates that it will not share its clients' bank information with the tax administration. Tarek Amer (photo), the governor, explains that his institution intends to keep those clients’ confidentiality. This decision follows the head of Egypt tax administration’s suggestion. Indeed, in a bid to intensify the fight against tax evasion and fraud, he expressed his wish to...

The Namibian government announced, via its president Hage Geingob (photo), its plan to organize a conference to discuss the white farmers’ land expropriation reform actually being reviewed in the country. According to the president’s statements reported by Reuters, this conference planned for October would be an opportunity to discuss many points of the land reform dividing the country’s...

Last weekend, Tanzania and Uganda agreed to build a gas pipeline which will start from the Tanzanian oil production fields to some high gas consumption areas in Uganda. This will be the first transborder pipeline to be built since natural gas extraction started in 2004 on the Songo Songo Island in South Tanzania. According to The East African which reported the information, the agreement...

Finserve, a subsidiary of the Kenyan banking firm Equity Group specialized in technology solutions, will launch a new payment platform for companies in the e-commerce and money transfer sectors in East and Central Africa mainly. Jack Ngare (photo), Finserve’s managing director indicated that the Kenyan Fintech is planning to discuss with financial services providers and existing payment...

The construction of Xai-Xai airport in Mozambique should start in October, O País indicated this week. According to information reported by the Mozambican media, the airport located 200 kilometers from the capital city should benefit from more funding than planned initially. Indeed, the Chinese government which is the main investor has provided $60 million, an amount much higher than...