Kibo inches closer to completion of gold assets sale to Opera

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JOHANNESBURG (miningweekly.com) – The proposed sale of dual-listed Kibo Mining’s northern Tanzania-based gold assets, Imweru and Lubando, to London-listed Opera Investment, is one step closer to completion, after the projects’ resources were upgraded.
The two companies in September signed a heads of agreement for the unloading of Kibo’s wholly-owned UK subsidiary Sloane Developments for 61-million Opera shares of 1p issued at a price of 6p apiece.

Opera then commissioned Minxcon to undertake a competent person's report on the projects, which included an evaluation of the geological assets.
The evaluation showed that Imweru hosted 2.36-million tonnes of indicated resource, at 1.19 g/t and 90 800 oz, while its inferred resource measured 9.24-million tonnes, at 1.43 g/t and 424 310 oz for a total resource of 515 110 oz.
At Lubando, the study confirmed 6.78-million tonnes, grading 1.10 g/t and containing 293 870 oz

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All set for the first Tanzania Zambia Trade Forum 2017

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The first ever Tanzania and Zambia trade forum scheduled today will be held at Radisson Blu in Lusaka, Zambia. The forum will seek to engage and empower Tanzania and Zambia business people to venture beyond boundaries, provide networking opportunity for the various stakeholders within these two counties, but also this forum will seek to provide capacity building to local entrepreneurs from Rukwa, Songwe and Mbeya so that they can effectively be able to do business with their Zambian counterparts.
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World Economic Forum Opens Search for Africa’s Top Female Innovators

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Geneva, Switzerland: Building on the success of last year’s inaugural search, the World Economic Forum has started the process to select the top female tech innovators in Africa, who will be invited to share their experience and engage with leaders at the Forum’s regional meeting this spring. The search is open to any female entrepreneur whose business is less than three years old, uses innovative technology or business models, and has at least one year of revenue generation. The business must also be able to demonstrate social and economic potential.
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Treasury bills oversubscribed by 250 pc

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By Mnaku Mbani The treasury bills floated by the Bank of Tanzania yesterday were oversubscribed by more than 250 per cent, which indicate investors’ appetite on government securities. The TB auction results published by Bank of Tanzania has shown that the government wanted to borrow Tsh139.5 billion but Tsh506.6 billion were tendered.
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