Canada is moving to safeguard its business interests in Tanzania, in the face of an outcry over the lopsided contracts dished out in the latter's mining sector.

Anglo Base Metals appears to have caved in to the pressure from the Mineworkers Union of Namibia and has withdrawn Gerald Boting as General Manager of Skorpion Zinc Mine at Rosh Pinah.

More than 81 international and local firms are seeking to partner with the National Development Corporation of Tanzania to start mining of iron ore and construction of thermal power stations at Mchuchuma and Liganga respectively.

DIAMOND explorer BRC DiamondCore was confident it could work through financing issues and grow its resources and production, chairman Simon Village said yesterday.

Rwanda's only Kinyarwanda tri-weekly, Izuba Rirashe, on August 16 marked one year of existence. The paper is a sister publication of The New Times, Rwanda's only daily.

The first day of the NMB Bank initial public offer (IPO) was marked by a low turnout from lower income earners, the group that the bank says is its primary target.

The Wekeza Maisha unit value gained to Sh112.6015 on Friday last week from Sh112.3607 the previous Friday, continuing the trend for four weeks straight. The scheme was selling a unit at Sh112.6015 on Friday last week, up from Sh112.3607 the

Oversupply of Safaricom shares at the Nairobi Stock Exchange has caused the stock to perform below the expectations of some investors. The stock, last week, plunged to a record low of KShs4.95 (August, 12) in what analysts believe is due

When Jennifer Natukunda took a loan to partly finance her investment in Safaricom touted as East Africa's most profitable company, she had a strategy: To sell off half of her shares on the first day of trading; repay the bank

Some employees of the Water Utilities Corporation are anxiously awaiting implementation of the recommendations of Gemini Consulting. Gemini was engaged early this year to assess the corporation's organisational structure in relation to national and international practices, and to develop human

UGANDAN taxpayers may foot $400m (over sh640b) if the Government loses a case against an Indian investor.

The world's first sisal electricity plant has started operations in Tanzania two years after the completion of a study on the use of sisal waste.

BAKHERESA Grain Milling has sued the Uganda Railways Corporation over the 840 tonnes of wheat that were destroyed when MV Kabalega sank in Lake Victoria in 2005.

Shareholders of Uganda Clays Ltd, the country's oldest supplier of construction materials, finally voted for a second share split last week and also endorsed its regional expansion plans.

AAR, East Africa's largest health management organisation, has resumed full operations in Rwanda with a $500,000 investment following its licensing as a medical insurance company by the National Bank of Rwanda.

Canadian firm Vangold Resou-rces Ltd has reported that it has signed a service agreement with New Resolution Geophysics, a South African company, to conduct a new survey for gas in the Kivu Graben of Rwanda.

Air Uganda is looking to expand into new markets while reducing capacity on loss making routes as the eight-month-old carrier struggles to cope with rising fuel prices.

Kobil Petroleum Rwanda, a fully-owned subsidiary of the Kenya's Kenol Kobil Group, has consolidated its oil market leadership position by acquiring all the service stations of Stippag, a local petroleum company.

The Kenya Commercial Bank is to widen its regional reach by venturing into Rwanda and Burundi in the next one year.

AS part of the move to ensure safety of lives and properties, a three-day sensitisation programme on disaster management and risk reduction in Communities within the oil pipeline routes in Lagos State has been held.