In a strategic move, Tembo Gold Corporation has unveiled plans to undergo a significant rebranding, transitioning into Lake Victoria Gold Ltd, pending regulatory approvals. The decision stems from the company’s newfound position in the highly prospective Lake Victoria Greenstone Belt and recent acquisitions that have propelled it into a new phase of growth. The acquisition...
In a bold move towards economic unity, the East Africa Community (EAC) has announced plans to implement a single currency within the next four years, despite the pushback by a technical working group that the deadline should be moved to 2031. He also revealed that the Council of Ministers representing the EAC is expected to...
East African Community partner states have failed to agree on which should host the East African Monetary Institute (EAMI), on the key establishments a single currency regime. The East African Community partners submitted their pitches to host the institute that would later transform into a regional central bank. But the EAMI has become a hot...
A week and a half ago, President Samia Suluhu Hassan of the United Republic of Tanzania undertook a three-day visit to Oman to strengthen centuries-old ties between the two countries. So early than anticipated, the visit began to bear fruits following the signing of the Memorandum of Agreement (MoU) between Muscat’s Airports Authorities and Kilimanjaro...
In a move to strengthen relations between the two East African Countries, Tanzania and Burundi have made significant strides into signing an agreement to construct a $900 million railway that will connect the two countries. The two have already signed a memorandum of understanding to construct a 282-Kilometer (175-mile) line from Kigoma in Uvinza to...