Pricing probe threatens UK’s energy sector

>Governments should make deliberate efforts to create conducive environment which will attract investment in the energy sector, which is vital in creation of jobs, the former Prime Minister, Mr Frederick Sumaye, has said.

Tanzanian PM tries to halt debate on energy sector graft, angering lawmakers
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DAR ES SALAAM (Reuters) - Tanzania's government asked parliament on Thursday to cancel a planned debate on corruption allegations in the energy sector, angering some lawmakers who complained of a cover-up and potentially jeopardising some ...

The African Development Bank (AfDB) Board of Directors’ approved on 20 May 2015, a loan of USD 70,5 million to finance the Tanzania Power Sector Reform and Governance support Programme (PSRGSP). The objective of the proposed operation is to promote inclusive growth and enhanced economic competitiveness through power sector, economic and financial governance reforms. The loan agreement will be officially signed next week, at the margins of the Bank’s Annual Meetings at its Headquarters in...

On the eve of the U.S.-Africa Leaders’ Summit, Tanzanian Minister of Energy and Minerals Professor Sospeter M. Muhongo and the United States Ambassador to Tanzania Mark Childress signed a bilateral Memorandum of Understanding (MOU) for on-going and future U.S. Government support under Power Africa. The MOU signing took place on Sunday, August 3, 2014 at the Tanzanian Embassy to the United States in Washington, DC. Both Minister Muhongo and Ambassador Childress were in Washington,...

APO will offer transport, accommodation and perdiem for the first-place winner to attend the Africa Energy Forum held in Dubai from 8-11 June 2015

 APO (African Press Organization) (http://www.apo-opa.com), the sole press release wire in Africa and the global leader in media relations relating to Africa, announced today that entry is now open for the 2015 APO Energy Media Awards (#APOEnergyMediaAward).

APO will offer transport, accommodation and perdiem for the first-place winner to attend...

There’s lots wrong with consumer pricing in Tanzania, dating back to the late 1980s when the govt re-adopted the free market economy system – going at it hammer and tongs in the 1990s. In the event, a free market economy (of sorts, anyway!) has remained in place to this day.

Section 7 (1) of the Tanzania Income Tax Transfer Pricing Regulations requires any person involved in a controlled transaction i.e. transaction between associates to prepare “contemporaneous transfer pricing documentation.”

The emergence of economic trading blocs such as Sadc, Comesa and EAC has proved to be a significant boost for developing economies especially when it comes to efficient utilisation of resources.

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