Tanzania’s president ordered the military on Wednesday to build walls around its tanzanite mines and directed the central bank to buy the precious stone to boost reserves – the latest twist in a spat with […]
Category: Trade
Tanzanian tough talk is turning off investors
Tanzanian President John Magufuli’s deepening dispute with companies he accuses of being tax cheats is rattling investors and dimming the allure of one of Africa’s fastest-growing economies. Since taking office in late 2015, Magufuli has […]
Mozambique, Malawi agree to upgrade Nacala Corridor
Mozambique and Malawi signed on Friday an agreement to expand and modernize the Nacala Development Corridor. The project includes a railway that crosses the two countries and will stimulate the operations of the economic activities, […]
Eni inks cooperation deal with China’s CNPC
Eni signed a cooperation agreement with China National Petroleum Corporation (CNPC) on Wednesday in a move that could give the Italian oil major greater access to the Chinese market. Eni said in a statement it had […]
Mining expected to drive Mozambique’s economic recovery
Mozambique’s economic growth is expected to recover slightly at a rate of 4.2% this year, supported almost exclusively by the mining sector, after reaching the lowest value in the last 15 years in 2016, according […]
Angola: Goods importation reaches one million tons
Just over 1.5 tons of diverse goods were imported by the Angolan State throughout the first semester of the year 2017, which represents a reduction of about 82,128 tons in relation to the previous semester, […]
