Zimbabwe: Mining to Boost Economic Growth
THE mining sector, which is expected to grow by 17 percent next year, will anchor the projected five percent economic growth for 2013. According to Finance Minister Tendai Biti the higher production levels of primary commodities had been supported by a strong external demand. He said at the moment, the country was unable to fully exploit benefits of high international prices to boost exports because of low investment into the sector.
However, he said, the expected resumption of production of nickel and asbestos in 2013 and the anticipated recovery of mineral prices with ongoing investment in the sector will see growth rebound to 17,1 percent.
Tanzania: AFDB Ups Tanzania Road Funding by U.S. $100 Million
Dar es Salaam – The African Development Bank (AfDB) has said it is expected to increase fund for roads construction to $650m by the end of this year.
AfDB is in the final stages of processing the financing for the Arusha-Holili/Taveta-Voi Corridor, which at completion will facilitate cross-border trade and support the integration agenda of the East African Community, the bank said last week.
Uganda: Govt Set to Revive Copper Mining
Kasese – The government has unveiled plans to revive copper mining in the Kilembe Mines found in western Uganda which ceased production in early 1982.
According to the Public Relations Officer in the Privatization Unit Mr. Jim Mugunga the government is calling for interested companies to apply for the concession under the Public Private Partnership.
Yakowa Approves N1 Billion Loan to Irrigation Farmers
Governor Patrick Yakowa of Kaduna State has approved N1 billion loan for irrigation farmers in the state.
Yakowa said this yesterday in Kaduna during the presentation of flags to Peoples Democratic Party (PDP) candidates in the December local councils election.
