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
-
Thousands of Brits switch to Nationwide, Monzo and HSBC – which banks are least popular?As current account bank switches reach a record high, we look at the most and least popular banks and building societies among Brits. Is it worth switching?
-
Are these FTSE 100 pharmaceutical stocks worth a look?Pharmaceutical stocks are some of the biggest in the FTSE 100. The sector is threatened by tariffs, but some have posted encouraging results regardless.
