Child labourers used in gold mines in Tanzania

Over 12,000 children have been rescued from gold mines in Northern Tanzania in the past three years, reported children’s rights groups. It is feared that thousands of more children are being forced to work in dangerous conditions for next to nothing.   Even though it is against the law to…

Rio Tinto leaves Zimbabwe

Rio Tinto leaves Zimbabwe

Rio Tinto, the global mining giant, has left Zimbabwe after 60 years of business in the country. The decision came after they sold their 78% stake in Murowa Diamonds and 50% interest in Sengwa Coal to RioZim.  “Rio Tinto believes that the future of these assets can be best managed…

Kuwait Fund Loan Agreement with Ethiopia

On June 16, 2015, in Addis Ababa a Loan Agreement was signed between The Federal Democratic Republic of Ethiopia and the Kuwait Fund for Arab Economic Development. The agreement constitutes a K.D. 6.5 million loan, equivalent to about US$ 22.1 million, which will help fund the Axum Water Supply. Along…