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Tanzania Govern. Mining Firm More To Pay Tax
The Government plans to review its taxation structure in this year’s national Budget to get especially the mining companies to pay more, the Finance minister says.
Mr Mustafa Mkulo, the Minister for Finance and Economic Affairs, who is visiting neighbouring Mozambique, told The Citizen by telephone from Maputo yesterday that the review would particularly target the [...]
Canadian Mining company, Vangold Resources Ltd, Signs Deal to Explore for Oil
Canadian-based, Vangold Resources Ltd, has signed a production sharing contract (PSC) with Kenya’s Ministry of Energy to explore oil on Block 3A in the North Eastern Province.
This is the third exploration contract to be signed with an international oil company in three weeks.
Block 10A went to Camec International of the UK, Block 11 to the [...]
Africa’s new colonialists?
When China signed trade deals worth $1.9bn with African countries last November, without any conditions on reforms and human rights, a German development official warned Africans they risked becoming Chinese subjects.
“Our African partners really have to watch out that they will not be facing a new process of colonisation,” Karin Kortmann, Parliamentary State Secretary at [...]
