CMSA Approval of Swala Oil and Gas (Tanzania) Plc’s Prospectus

His Excellency the former president of the United Republic of Tanzania, Alhaji Ali Hassan Mwinyi, rings the bell officiating the first trading day of Swala Oil & Gas Tanzania Plc on the Dar es Salaam Stock Exchange (DSE). With him Swala CEO, Mr. David Mestres Ridge (L) and Swala Chairman, Mr. Ernest Massawe (R)Swala Oil & Gas (Tanzania) Plc (“Swala” or “the Company”) (http://www.swala-energy.co.tz) today listed on the Dar es Salaam Stock Exchange (“DSE”) becoming the first public owned Oil...

Mkurugenzi Mtendaji wa  Kampuni ya Mafuta na Gesi ya Swala (Tanzania) PLC, David Mestres Ridge (kulia), akizungumza katika mkutano na waandishi wa habari Dar es Salaam jana, kuhusu ufunguzi wa ofa ya awali kwa umma ijulikanayo kwa kifupi (IPO) ambayo itakuwa na hisa za kawaida,9,600,000. Kushoto ni Mkurugenzi Mkuu wa ARCH Financial $ Investment Adivisory Limited,Iyen Nsemwa. (Na Mpiga picha Wetu)

Mkurugenzi wa Kampuni ya Mafuta na Gesi ya Swala (Tanzania) PLC, Abdullah Mwinyi (katikati),...

Mkurugenzi Mtendaji wa Kampuni ya Mafuta na Gesi ya Swala (Tanzania) PLC, David Mestres Ridge (kulia), akizungumza katika mkutano na waandishi wa habari Dar es Salaam jana, kuhusu ufunguzi wa ofa ya awali kwa umma ijulikanayo kwa kifupi (IPO) ambayo itakuwa na hisa za kawaida,9,600,000. Kushoto ni Mkurugenzi Mkuu wa ARCH Financial $ Investment Adivisory Limited,Iyen Nsemwa. Mkurugenzi wa Kampuni ya Mafuta na Gesi ya Swala (Tanzania) PLC, Abdullah Mwinyi (katikati), akizungumza katika...

The call by the Tanzania Private Sector Foundation (TPSF) and other Tanzanian stakeholders that a special arrangement be put in place to enable Tanzanian individuals and groups overcome the challenges arising from huge capital and costly risks experienced in the oil and natural gas exploration industry is timely.

In My Book of Things, Tanzania stands an excellent chance of falling into the excruciating clutches of the hydra-headed monster commonly referred to as a ‘resource curse.’

The warning is contained in a final consultancy report on Evidence-based Research and Policy Review on Oil and Natural Gas Sector commissioned by the World Wide Fund for Nature (WWF Tanzania), which is implementing Oil for Development project.

A heated debate is raging in Tanzania regarding whether or not the Production Sharing Agreements (PSAs) that the country signs with international oil companies should be made public.

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