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Tanzania to benefit from AfDB renewable energy investment

 The African Development Bank (AfDB) has announced plans to invest $870,000 in Tanzania's Rural Energy Agency (REA) through its Sustainable Energy Fund for Africa (SEFA) trust fund.

 
ITWEB Africa reports that the money will be used to structure the Renewable Energy Investment Facility (REIF), to provide affordable finance to private sector clean energy projects involved in energy access to rural communities in Tanzania.
 
Read more »

Posted on : Wednesday , 19th July 2017

Aminex will go deeper to maximise potential at Ruvuma in Tanzania

 “Ntorya-3 is ready to go but want to make sure, we maximise as many targets as we possibly can.”

 
Broker Shore Capital calculated that on a revised view of the Ruvuma project in Tanzania, which includes Ntorya, the shares are worth 6p/share against a 4p per share valuation previously.
 
It notes the shares have retreated from 7p since April but sees this as overdone. 
 
Conce.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Dar Traders Aim High Oil & Gas Sector

 A group of daring local business operators have taken on the mantle to lead in the promotion of the local content in the oil and gas industry through promotion of job and business opportunities for nationals and local businesses in the sector.

 
They teamed up to form an Association of Tanzania Oil and Gas Service Providers (ATOGS) that will lobby for and promote the participation of indig enous Tanzanian individuals and bodies corporate in the provi.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Gas, Oil Service Providers Need Our Collective Support

 Local content has lately become very topical for African countries that have discovered oil and gas resources in discussions on how best these countries will manage their petroleum resources in a sustainable manner for the benefits of its people.

 
It has become a very important issue as people are expecting their governments to enable them capture the commanding heights of the economy and thus assist to keep its wealth within its borders, as well as.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Norway Gives TZ Sh22 Billion in Grants

 The Norwegian government has pledged to give Tanzania a grant of $10.5 million (Sh22.05 billion) aimed at boosting the country's domestic revenues in the next three years.

 
Norway Foreign minister Borge Brende revealed this on Friday when he met with Tanzania's Finance and Planning minister, Dr Philip Mango.
 
He said, he was impressed by President John Magufuli's efforts towards ending corruption and raising domestic re.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Norwegian Minister Counsels Tanzania

  Norwegian Foreign minister Borge Brende has said that it's still premature for Tanzania to celebrate its gas resource benefits despite the potentials available.

 
Mr Brende who ended his two-day visit in Tanzania at the weekend said completion of the liquefied natural gas (LNG) project is going to improve foreign direct investment (FDIs) to the country but he noted that this would take a lot of work and great effort.
 
&.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: VP Samia Suluhu to participate in Oil and Gas Congress

 Her Excellency Samia Suluhu Hassan, Vice President of the United Republic of Tanzania has formally announced her support and participation in the upcoming Tanzania Oil & Gas Congress (CWCTOG.com), organised by the CWC Group (www.TheCWCGroup.com).

 
The Congress will gather senior representatives from the Tanzanian oil and gas industry including Governments, international oil companies, indigenous producers, international and national service prov.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania explores LNG prospects with NGC

 Tanzania wants to develop its liquified natural gas (LNG) sector and a delegation from that country recently visited the National Gas Company (NGC) Limited for talks. The group expressed interest in promoting NGC, T&T’s service sector and academic institutions, if value could be created in Tanzania’s critical stages of development.

 
“Th Government Negotiating Team of Tanzania’s (GNT) visit centred around learning more abo.... Read more »

Posted on : Tuesday , 18th July 2017

Norway to give Tanzania $10.5m grant as budget support

 The government of Norway will give Tanzania a grant of $10.5 million as budget support to boost the countries revenue over the next three years.Norway Foreign Minister Borge Brende announced this on Saturday in Dar es Salaam, when he met with Tanzanian Finance and Planning Minister Philip Mpango.

 
Norway was impressed by President John Magufuli’s drive to end corruption and increase domestic revenues, Brende said.
 
Read more »

Posted on : Tuesday , 18th July 2017

Vice President of Tanzania to meet gas, oil investors

 Vice President of the Tanzania Samia Suluhu Hassan will meet investors in the upcoming Tanzania Oil & Gas Congress in September.

 
In a formal announcement, Hassan extended his support and participation in the upcoming event which will be organised by the CWC Group. 
 
The Congress will gather senior representatives from the Tanzanian oil and gas industry including Governments, international oil companies, indige.... Read more »

Posted on : Tuesday , 18th July 2017

Ashok Leyland wins Rs 1140 cr order from Tanzania government

  Indian commercial vehicle manufacturer Ashok Leyland has won USD 170 million (Rs 1,140 crore) order from the Government of the United Republic of Tanzania for the purchase of vehicles, gensets, spares and equipment for development of workshops, training modules and allied equipment to be fitted on ambulances, informed the company in a Bombay Stock Exchange (BSE) filing.

 
Vinod K Dasari, Managing Director, Ashok Leyland said, "Export to key int.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Japan to Help Establish Car Factories

 JAPAN, the country commanding the largest share of motor vehicles populating the entire globe, is committing itself to assist Tanzania and the other East African Countries to start manufacturing cars locally.

 
The Deputy Head of Japan International Cooperation Agency (JICA) in Tanzania, Mr Kuniaki Amatsu, reaffirmed his country's commitment to support the East African Community's integration process but especially in the area of automotive industry .... Read more »

Posted on : Tuesday , 18th July 2017



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