Invest oil, natural gas money in community banks

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.

Statoil is upbeat on the discovery of natural gas offshore Tanzania.

A Bill for enacting the Natural Gas Act is being finalised and will be ready for tabling in Parliament in October, President Jakaya Kikwete made public yesterday.

>While the United States is sitting on a bounty of natural gas, the wild volatility of prices this winter could soon become a regular feature as growing demand begins to test supply, potentially curbing plans to increase exports and switch power plants to gas from coal.

A Scottish international consultant in oil and gas, Mr Gordon McIntosh, urged Tanzania yesterday to refrain from the allure of depending on multinationals in the building of supporting infrastructure for natural gas investments.

Daily News
'Community banks need close support'
Daily News
THE government has challenged district councils, municipals and city councils to consider putting in place community banks in their areas. The Deputy Minister for Finance, Mr Mwigulu Nchemba also called for readiness among residents in those areas in a ...

The Hindu
India offers Tanzania expertise in natural gas sector
The Hindu
India on Friday offered its expertise to Tanzania in development of its potentially rich natural gas sector and decided to extend e-tourist visa to people of the African nation even as the two countries signed eight MoUs to expand engagements in diverse areas.
India, Tanzania to fight terrorism, boost gas explorationBusiness Standard
PM asks Tanzania to open up for more investment from IndiaThe Dollar Business
India,...

Livemint
India offers to help develop Tanzania's natural gas sector
Livemint
Prime Minister Narendra Modi with Tanzania President Jakaya Kikwete in New Delhi on Friday. Photo: PTI. New Delhi: India on Friday offered help to Tanzania for developing its natural gas sector as the two countries discussed ways to broaden economic ...
India, Tanzania ink eight MoUsBusiness Standard
Text of PM's Media Statement during the State Visit of President of United ...Northern Voices Online
india to increase its...