Uganda’s Kilembe Copper Mine Sold to Chinese Investors

Uganda’s Kilembe Copper Mine Sold to Chinese Investors

KAMPALA-The government of Uganda has finally sold Kilembe Copper Mines Limited to a Chinese investor.

The mine located about 350 kilometers by road west of the capital Kampala has been out of production for more than thirty years.

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Botswana’s investment and management in diamonds paying off

July 1, 2013 12:25 am0 comments by:
Botswana’s investment and management in diamonds paying off

This week, the government of Botswana announced that it would start auctioning its own diamonds for the first time ever, moving much of its precious stone trade internally, away from the usual markets in the United Kingdom (UK) and Europe

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Tanzania must properly utilise resource wealth

June 15, 2013 12:20 pm0 comments by:
Tanzania must properly utilise resource wealth

Tanzania is sitting on a verified mountain of natural gas resources, enough to help pull the country into economic prominence on the continent.

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Africa is the Net Creditor? This should not surprise us…

Africa is the Net Creditor? This should not surprise us…

Often Western leaders or negotiators have their national interests first, while African leaders are known for having their personal interests first. Let’s change!

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Rifts in Africa’s “Rising” Narrative

June 8, 2013 3:08 pm0 comments by:
Rifts in Africa’s “Rising” Narrative

Leaders have to ensure better management and investment of proceeds from natural resources; a more integrated Africa to achieve some sort of bargaining power in international arenas and a better governed Africa, to keep moving forward. Otherwise the new media narrative won’t hold and the house might well fall down before it is built. That would be a far worse tragedy.

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BG Group completes successful Mzia well test, offshore Tanzania

May 1, 2013 7:24 am0 comments by:
BG Group completes successful Mzia well test,  offshore Tanzania

BG Group today announced it had completed another successful drill stem test in Block 1 offshore Tanzania, with initial results from the Mzia-2 well showing better than expected properties in the deeper Cretaceous reservoir.

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Apple blocks Google Motorola’s sensor patent challenge

April 25, 2013 10:00 am0 comments by:
Apple blocks Google Motorola’s sensor patent challenge

Google has failed in its latest attempt to convince a US trade agency that Apple has infringed its intellectual property. The case centred on a claim the iPhone maker should have licensed a feature that lets its handsets ignore touches when held close to users’ heads. Google had acquired the contested patent as part of its $12.5bn (£8.2bn) takeover of Motorola Mobility. Apple could have faced an import ban on its mobiles had it lost. Although Apple is based in the US, it outsources production of its mobiles to factories in China and Brazil making them vulnerable to such a challenge. Dropped claims Motorola accused Apple of infringing six of […]

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Lewis Hamilton: Mercedes ‘holding on by the skin of our teeth’

April 22, 2013 8:08 pm0 comments by:
Lewis Hamilton: Mercedes ‘holding on by the skin of our teeth’

Lewis Hamilton says his Mercedes team are just about hanging on to Formula 1′s front-runners but is hopeful they can compete soon. Continue reading the main story “I feel very fortunate to be where we are points-wise and finishing-wise but of course we need to keep pushing.

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Producer prices of goods rise in Kenya

Producer prices of goods rise in Kenya

PRODUCER PRICES of various goods and services in Kenya increased by 1.31 percent in the first quarter of this year, Kenya National Bureau of Statistics (KNBS) said last week. The report indicates that in the first quarter of this financial year the overall producer prices increased by 1.31 percent while

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13 million people face food insecurity in Eastern Africa – report

13 million people face food insecurity in Eastern Africa – report

ABOUT 12.9 MILLION people in the Eastern Africa region suffer from food insecurity, a new study launched by the United States Agency for International Development (USAID) states.

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