Tag: Alpha Marwa
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'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.
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's money market review.
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.