Shares in AIM-listed Kibo Mining rose after the Tanzanian Ministry of Energy and Minerals informed the company that its Rukwa Coal to Power Project would be included as a strategic component of the government's National Energy Strategy with immediate effect.
The company reported that the Ministry of Energy and Minerals had said it would participate in procuring the establishment of the infrastructure node and confirmed its support for the development of the project to Kibo and its development partners.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
MPs warn over Lifetime ISAs which could leave savers out of pocketThe Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for youConsumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator
