Coal miner Edenville International enters into agreement with MarTek Global for sales and marketing

TANZANIA – Edenville Energy Plc, the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania, has announced that the Company’s subsidiary Edenville International Limited (EITL) in Tanzania, has entered into a Sales and Marketing Agreement with MarTek Global FZ-LLC, a Dubai-based sister company to Infrastructure and Logistics Tanzania Limited (ILTL), with both having the same principal shareholder. The Sales and Marketing Agreement follows on from the recently announced Coal Mining Agreement (CMA) with ILTL, which provided for a fixed rate mining and processing contract at Rukwa and which…

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I&M Holdings Limited set to buy 90% share capital of Orient Bank Limited

UGANDA – I&M Holdings Limited, the owners of I&M Bank Kenya, have announced that they have reached an agreement to buy 90 per cent of the issued share capital of Orient Bank Limited, a company incorporated in the Republic of Uganda. I&M Holdings, which is listed on the Nairobi Stock Exchange, says the acquisition of the bank is now subject to several conditions including regulatory and corporate approvals including those from the Central Bank of Kenya, Bank of Uganda, Capital Markets Authority and shareholders of the company in general meeting.…

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