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<p>Tanzania signed a contract for $1.32 billion in Chinese support for the on-going construction of the standard gauge railway. The country is looking to tap into China&#8217;s huge market through reciprocal import and export trade, even as China makes diplomatic inroads on the continent. Alpha Marwa, Managing Partner at Vervet Global Tanzania spoke to CNBC Africa for more.</p>


Tanzania secures $1.32b China support for standard gauge railway

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<p>According to the Dar es Salaam Stock Exchange Plc, Acacia mining officially delisted from the bourse on Monday, two months after the company was delisted from the London Stock Exchange (LSE) Group. This will cut the DSE&#8217;s total market capitalization by $1.182 billion. Also Vodacom Tanzania earnings rose by 6.5 per cent in the six months to September 2019, driven by strong revenue growth in its M-Pesa, mobile data and messaging services. Alpha Marwa, Managing Partner at Vervet Global Tanzania joins CNBC Africa for more.</p>


Acacia Mining delists from Dar es Salaam Stock Exchange

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<p>Barrick Gold Corporation announced it will resume agreeing to pay $300 million to the government to end a long running tax dispute. Also the Dar es Salaam Stock Exchange third quarter turnover jumped more than 20 times higher compared with that of the previous quarter. Alpha Marwa, Managing Partner, Vervet Global Tanzania joins CNBC Africa for the country&#8217;s money market review.</p>


Barrick Gold Corporation to resume operations in TZ after settling $300mn dispute

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<p>In Tanzania, mining companies were given a deadline of September 15th 2019 to follow section 18 of the country’s Mining Act of 2010 (and revised in 2017), which requires all producers to pay royalty fees on the gross value of minerals produced. If not, the companies could be denied transport permits. Managing Partner of Vervet Global Tanzania, Alpha Marwa joins CNBC Africa for more.</p>


Vervet’s mining sector outlook for Tanzania

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<p>Tanzania&#8217;s largest telco, Vodacom is expected to receive a 10 day extension to list of the Dar es Salaam Stock Exchange to allow foreigners to buy shares.</p>


Alpha Marwa

Tanzania secures $1.32b China support for standard gauge railway

Acacia Mining delists from Dar es Salaam Stock Exchange

Barrick Gold Corporation to resume operations in TZ after settling $300mn dispute

Vervet’s mining sector outlook for Tanzania

Vodacom share listing on DSE pushed back

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Alpha Marwa

Tanzania secures $1.32b China support for standard gauge railway

Acacia Mining delists from Dar es Salaam Stock Exchange

Barrick Gold Corporation to resume operations in TZ after settling $300mn dispute

Vervet’s mining sector outlook for Tanzania

Vodacom share listing on DSE pushed back

News Tips

Advertise With Us

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