Recent Announcements

Home/News/Tanzanian Government Prioritises Private Sector

Tanzanian Government Prioritises Private Sector

Dated: 21 March 2018

Kibo Mining plc (AIM: KIBO; AltX: KBO), the multi-asset Tanzania focused energy and resource company, notes recent comment in the press regarding the Tanzanian President’s pledge to support the private sector at the 11th Tanzania National Business Council (‘TNBC’) meeting at the State House.

At the TNBC meeting, President Magufuli highlighted his wish for the Government to work on a new, closer and mutually beneficial engagement with the private sector saying: “Business people are our most important stakeholders; they provide the Government with much-needed revenue.”

Furthermore, the intermittent power supply in the country was a key issue mentioned at the TNBC meeting. President Magufuli assured the audience that the Government was working on its concerns and that an agreement with a new contractor was expected to be signed soon.

Louis Coetzee, CEO of Kibo Mining said: “It is heartening to see the winds of change blowing from Tanzania. This is a very clear and powerful signal that the country is open to business and keen to create an environment where companies can thrive. We are looking forward to making further strides with our nationally important flagship Mbeya Coal to Power Project, that aims to alleviate the acute power deficiency in the country and hope to sign the Power Purchase Agreement shortly.”

Download Full Report

Tanzanian Government Prioritises Private Sector

Download
AIM Share Price
(Ticker: KIBO)
4.81p Change -0.19p
at 12:21 PM on 25 Apr 2018

JSE Share Price
(Ticker: KBO)
108.00c Change +0.00c
at 09:28 AM on 25 Apr 2018

Subscribe to Kibo Mining plc E-mail Alerts!

To ensure that you stay updated about developments at our projects, we would encourage that you register for our e-mail alerts.

If you wish to be updated, please click HERE and subscribe.