CONGO EU Helps Fund Infrastructure TANZANIA Gas Resources to Rise Fivefold SIERRA LEONE Mine Ramp-Up Profits London MAURITIUS Tourist Arrivals Forecast Cut EGYPT State Oil Firm's Chairman Fired

Cape Times (South Africa), August 23, 2013 | Go to article overview

CONGO EU Helps Fund Infrastructure TANZANIA Gas Resources to Rise Fivefold SIERRA LEONE Mine Ramp-Up Profits London MAURITIUS Tourist Arrivals Forecast Cut EGYPT State Oil Firm's Chairman Fired


The Republic of Congo and the EU had signed three joint infrastructure deals worth more than e100 million (R1.33 billion) for road, port and sugar projects, the Economy and Finance Ministry said yesterday. The EU would contribute more than e36m to pave a southern stretch of Congo's national route one, rehabilitate a port in Brazzaville, the capital, and support the sugar industry, the ministry said. Congo would provide the rest of the financing, it said. "For these three signatures there is important co-financing from the Congolese party," Marcel Van Opstal, the head of the EU delegation to Congo, said. - Bloomberg

Tanzania expects its gas resources to increase fivefold within the next two years if new finds in east Africa's second-biggest economy prove productive. "It is expected that Tanzania's natural gas resources will rise to 200 trillion cubic feet after the next two years," the Energy and Minerals Ministry said yesterday. The ministry said that oil and gas exploration activities were being carried out offshore, along the coastline, in lakes and on onshore blocks. - Reuters

Sierra Leone-focused mining form London Mining went into the black for the first time since it listed in 2009, posting core profit of $24 million (R248m) in the six months to June due to the ramp-up of its Marampa iron ore mine in the country. …

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