80pc hope to enjoy gas revenue: study

Tanzania’s private sector can participate and benefit from the upcoming gas economy by supplying quality goods and services to various multinational companies in exploration blocks, the World Bank has advised.

>East African countries are unlikely to significantly benefit from falling global oil prices due to inadequate storage facilities, according to the study by Deloitte East Africa.

Tanzania should set up a unit for examining local companies and linking them with multinational corporations, an expert says.

All gas revenue will go to education - Lowassa
IPPmedia
Chama Cha Demokrasia na Maendeleo (Chadema) presidential candidate Edward Lowassa has promised to direct revenue collected from natural gas extractions to the education sector. Lowassa, who is backed by four political parties forming the Coalition ...

Tanzania’s natural gas discoveries are not an automatic end to the country’s economic woes, an economist has warned.

In the week of February 17, 2014, Oxfam America and Brookings Institution, a think tank, organised a high level international conference on Oil and Gas Boom in East Africa: Promise and Peril in Washington DC in the US. Various discussions were held with perspectives from across the world being live-broadcast.

Studies conducted on nine oil and gas exploration companies operating in Tanzania show that there is a general lack of compliance to international standards on preparation of corporate social responsibility (CSR) policies. Best practices show that communities must be involved, a consultant has said.

LAKE GAS LTD - One of Tanzania’s fastest growing Marketing company, engaged in the importation and distribution of Liquefied Petroleum Gas (LPG), launched an innovative product – “COMPOSITE CYLINDERS” - the first of its kind in Tanzania.
In Tanzania, the usage of Metal cylinders has been the most prevalent up to now; henceforth a discerning consumer shall have a choice as to what type of cylinder best suits their family.
“This composite cylinder have very unique features, they are non...

>Exim Bank Group’s second-quarter pretax profit rose by 80 per cent to Sh9.6 billion.