Nairobi May 24, 2013……Since its launch in January 2013 by the Nairobi Securities Exchange, the new investment segment has elicited optimism among growing companies who have always struggled to find avenues for raising capital to finance their growth and expansion plans. The segment dubbed GEMS (Growth Enterprise Market Segment) will enable companies to raise substantial capital to drive their…
Geita Gold Mining Ltd (GGM) regrets to confirm the death of a 14 year old child who was tragically killed in a fall from a mining bench in the Nyankanga Pit at 04h00 yesterday morning (23 May 2013). The Geita Police and Regional Mines Officer (MADINI) were called to the scene to investigate the incident. It is believed the…
WASHINGTON, May 16, 2013 – Seventeen years from now, half the global stock of capital, totaling $158 trillion (in 2010 dollars), will reside in the developing world, compared to less than one-third today, with countries in East Asia and Latin America accounting for the largest shares of this stock, says the latest edition of the World Bank\’s Global Development…
WASHINGTON, May 16, 2013 – Seventeen years from now, half the global stock of capital, totaling $158 trillion (in 2010 dollars), will reside in the developing world, compared to less than one-third today, with countries in East Asia and Latin America accounting for the largest shares of this stock, says the latest edition of the World Bank\’s Global Development…
Sub-Saharan African security company Warrior Security Limited has launched tailored mining security services in East Africa, as finds in oil, gas, niobium, rare earths and gold in Kenya, Uganda and Tanzania expose companies to increasing risks from intruders. “Most mining sites are in remote areas making them vulnerable to attacks by intruders,” said Maj. Tony Sugden, Chief Executive Officer…
Dar es Salaam:Speaking during the Great Rift Valley Mining Summit held in Dar es Salaam Thursday 18th April 2013, Warrior Security Ltd, CEO Major Tony Sugden declared the need for mines to have proper security systems with credible, capable staff who can protect not only mines but also the personnel working on site. “Mines and their subcontractors are often…
Cape Town, South Africa, 9 May 2013 – The fact that South Africa hosted the recent BRICS summit is an indication of how much Africa has changed, Jacob G. Zuma, President of South Africa, told the opening plenary of the World Economic Forum on Africa. With the support of the Government of South Africa, the meeting opened today in…
Cape Town, South Africa, 9 May 2013 – Five social entrepreneurs were named today Africa Social Entrepreneurs of the Year at the World Economic Forum on Africa, taking place in Cape Town, South Africa. The awards were conferred by Hilde Schwab, Chairperson and Co-Founder of the Schwab Foundation for Social Entrepreneurship, in the presence of President Jacob G. Zuma,…
BELLAGIO, ITALY (6 MAY 2013)— Cassava experts are reporting new outbreaks and the increased spread of Cassava Brown Streak Disease or CBSD, warning that the rapidly proliferating plant virus could cause a 50 percent drop in production of a crop that provides a significant source of food and income for 300 million Africans. The “pandemic” of CBSD now underway…
Arusha: There are 10 greatest obstacles denying the Tanzania’s tourism players to benefit from the East African community’s Common Market Protocol (EAC-CMP), says a new study. A fresh study on the “Assessment of the progressive implementation of the EAC-CMP in relation to Tanzania’s tourism sector” cited an existence of varying licensing and regulatory and administrative regimes within the EAC…