Nine wholesale oil firms lose licences over non-compliance

 Tanzania Revenues Authority (TRA) cancelled the licences of 13 customs bonded warehouses after it found out that they were not complying with set conditions in the 2012/2013 financial year.

Justo Lyamuya, Director of Surveys and Mapping Division in the Ministry of Land, Housing and Human Settlements Development. At least three land survey and valuation firms that formerly operated in Kisarawe, Coast Region and Songea, have been barred from operating in the country and stand the chance of having their licences revoked by the government. It is alleged that the companies were operating contrary to the Professional Surveyors Registration Act and that they were also involved ...

Tanzania to lose up to $1b under StatOil PSA: Open these Oil and Gas Contracts

Zitto Kabwe, MP

When news of the leaked Production Sharing Agreement (PSA) between Tanzania Petroleum Development Corporation (TPDC) and Norweigean State Company StatOil came out through social networks, the discussion was muted. When a blogger Ben Taylor wrote a brief about it, some of us saw how serious the issue is. According to the article...

With the signing of the memorandum of understanding between the government and three oil companies, Uganda could benefit from investments worth $20 billion.

>Oil marketing companies have been stealing imported petroleum products worth Sh18 billion annually, according to a stakeholders’ report.

>The Export Processing Zones Authority (EPZA) has entered into agreements with four firms for them to offer various services to multinational companies dealing with oil and gas exploration in Mtwara Region.

A row is simmering between oil retailers and marketing companies over how to share the Sh92 that they earn as profit on every litre of petroleum products sold to final consumers.

Africa’s attempts to ape democracy models, mostly from the West, have been the major causes of governance pitfalls, economic failures, democratic chaos and overall growth nightmares that continue to haunt the continent, according to development strategists and activists.

*The international telecoms community regards Africa as an area of high value for new business

Africa’s telecoms industry forms a vital component to the country’s economic growth, affecting all aspects of the business and social sphere. Dramatic expansion in the telecoms sector has taken place over the past five years, with a 72% penetration on average in mobile subscriptions across the continent.

Consequently, a huge amount of investment is happening to improve Africa’s infrastructure to...