Africa54

TORONTO, October 22, 2017 —Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick”) is set to wind up the activities of its Tanzanian based Gold company, Acacia PLC, in a move to implement the new framework with the Government of Tanzania. The new framework unveils a new end to an era to Barrick Tanzania. The new development comes after a clarification from Barrick senior managers on what has transpired from the discussion between its Chairman, John Thornton and representatives from Tanzania’s reformist President Dr. John Joseph Magufuli. In a press release issued at the end of this week to clarify details on what Barrick official termed as “the 21st century partnership with the Government of Tanzania,” the Toronto based world gold giant is set replace Acacia with a new company to manage its 3 Gold mining sites in the East Africa’s top growing economy. “A new Tanzanian operating company will be created to manage Bulyanhulu, Buzwagi and North Mara, and all future operatio...

By Staff Writer, Addis Ababa, 11th Oct., 2017 Its almost two years now since the Tanzanian reform minded President, John Pombe Magufuli took oath of office in November, 2015. Since then he has promised nothing more than strong focus on delivery. President Magufuli who is also branded at home and abroad as “the bulldozer” for his uncompromising stance on transforming the way the Tanzanian economy is managed, is now on spotlight in many fronts. At home, his followers akin his policies and unwavering crusade against corruption and inaction with those of the founding father of the Tanzanian Union, Mwalimu  Nyerere whose ethical leadership and care for the poor is unmatched. At the international arena, where he is generally rare as part of budget cut measures, Magufuli is believed by many including ordinary citizens as a typical visionary leader who is keen to transform his people. Magufuli meets Dangote at a past event Two years later today, Magufuli wh...