URANIUM MINING IN TANZANIA

AFRICA ENTERPRISE FUND LTD

20TH SEPTEMBER 2007
NEWS RELEASE


Africa Fund today announces that it has invested in uranium mining in Tanzania thru a listed company URANIUM RESOURCES LTD Ticker Symbol URA.L

Further information available from

Investments Manager
Africa Fund Ltd

info@africafundltd.com


http://www.africafundltd.com

AFRICA ENTERPRISE FUND LTD

Africa Enterprise Fund Ltd was born in AFRICA and recognizes the needs and challenges in the newly liberalized countries . AEFL also recognizes that massive FDI is required to meet the needs of the african people in providing services such as Power,Energy ,Telecom and Mobile services

With this mission in mind we set up about creating a business model that seeks to meet those challenges while at the same time addressing issues like , good corporate governance , socially responsible projects and with shareholder value enhancement in mind

In the last few months we have invested in AFRICA MOBILE , mining projects and power projects and oil productin platforms in africa

we feel quietly confident of the progress we have made so far and do feel that we are beginning to make a quiet impact on the african continent

From projects and clients in South Africa to Tanzania in East Africa and to Lagos Nigeria and Douala Cameroon we are being recognized as the company that knows africa

We understand local conditions and local challenges and respond to them accordingly

If you would like to join us or partner with us in our focus investment areas please write to us at

info@africafundltd.com

http://www.africafundltd.com

AFRICA MOBILE PC2CALL

Africa Mobile today announces the launch of Africa PC 2 Call system .With calling rates as low as 0.03ctsd usd .This is the the most competetive calling system in AFRICA

With an esatblished chain of distributors in over 30 countries in AFRICA .We are the most recognized and fastest growing brand in africa .Several new related products are in the final stages of testing and will be launched soon .like BULK MESSAGING ,RETAIL MESSAGING ,ROAMING SIM FLASH DISC and others

Africa Mobile welcomes dealership enquiries from all coutires in africa and expects its subscriber base to grow to over 7 Million accounts by the end of 2006

Africa Mobile would like to thank the people of AFRICA for giving it so much support and making it one of AFRICAS fastest growing companies

WEBSITE

http://www.africamobilesms.com

division of

Africa Enterprise Fund Ltd

http://www.africafundltd.com

Africa Fund

Africa Fund today announces the launch of Africa Mobile international calling serivces .you can access these service by purchasing global phone cards and simply text us and we will connect your call . in general our call prices are cheaper by about 40=80 per cent on most african networks . we are also looking for distributors in all african countries and we will welcome enquiries for that .

you can see our website here

http://www.africamobilesms.com

you can see our global phone cards here

http://www.africafundltd.com/phonecards2005.jpg


Africa Mobile is a division of Africa Enterprise Fund Ltd , a private equity company registered in the offshore jurisdiction of BELIZE and operating in Africa

you can see our website here

http://www.africafundltd.com


Feel free to write to us if you wish to partner with us in AFRICA in our focus areas