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- The tripling of investment in 2022 is a statement to the world that the East African nation is open for business.
- The success is a straightforward strategic plan from President Samia’s administration since she assumed office in March 2021.
Tanzania Investment Centre (TIC) records show that the year 2022 has made the statement ‘Invest in Tanzania’ hold water. Over the past months, several activities have echoed across multiple fields, including manufacturing, transportation and tourism.
TIC records show that from July to November 2022 there was an increase of 22.2 percent in investment projects (132 registered projects) compared to 102 projects registered during the same period in July to November 2021.
In October, the American firm Moody’s Investors Service changed its status on Tanzania’s outlook from stable to positive, noting that political risks have declined under President Samia Suluhu Hassan’s administration, which concurrently promotes economic development and strong diplomatic ties.
- Mega oil projects in East Africa such as EACOP are transforming the way local content is executed
- Pan African Energy Tanzania (PAET) is transforming energy generation capacities in Tanzania
- Tanzania is planning to expand its power ambition by becoming an independent power provider beyond the border
TheTanzania Energy Congress (TEC) kicked off in the nation’s commercial capital – Dar es Salaam by summoning more than 1000 participants and 100 exhibitors from 25 countries worldwide at the forefront of top-tier discussions about partnership and groundwork.
TEC is unveiling several exciting issues that could bring Tanzania’s local players and international oil and gas companies on the same page and realize the East African ambition.
With local actors showcasing their groundwork up and downstream such as Tanzania Petroleum Upstream Regulatory Authority (PURA), Tanzania Petroleum Development Company (TPDC), as well as energy producers such as Tanzania National Energy Supply Company (TANESCO), the congress …
- Uganda, Kenya, and Tanzania are building their oil and gas economies at a very fast pace
- Algeria is Africa’s leading natural gas producer, with almost 2.4 trillion cubic meters of proven reserves
- Nigeria is Africa’s largest oil producer, and Africa accounted for approximately eight per cent of the global oil output in 2020
When it comes to oil and gas in Africa, there is plenty of potential to produce enough energy on the continent.
Africa accounted for approximately eight per cent of the global oil output in 2020. Similarly, at least 330 million metric tonnes of oil will be produced in Africa in 2020 (Statista). Global oil and gas players such as ExxonMobil, Shell, Equinor, and BP are pushing the continent forward.
The energy sector in East Africa is rapidly expanding its commercial potential thanks to Tanzania. The EACOP pipeline, upstream offshore gas projects, LNG project discussions, and various renewable …
Tanzania has been ambitious from day one to strike oil. However, it took a while to find oil deposits, and it will take time to commercialize the oil discovered—a tedious but necessary process.
Oil and gas exploration in Tanzania has been taking place since 1952. The Discovery of oil reserves in Tanzania’s Wembere-Eyasi proves the long wait was worth a while.
In the same suit as its neighbouring nation, Tanzania is to undergo a rigorous process to commercialize the oil discovered entirely.
For instance, in Kenya, which discovered oil and experienced the first stages of (testing) exporting at least 200,000 barrels—the nation is working to build the functioning and healthy infrastructure necessary to tap the existing potential.…
Earlies this month, the government of Tanzania demonstrated how serious the nation is with a big deal sealed in the nation’s capital, Dodoma, on Saturday (11 June).
The Government of Tanzania and its partners, including global industry giants Equinor, Shell and ExxonMobil, have set the bar so high with a historic Host Government Agreement (HGA), which will realize ambitious gas and Liquified Natural Gas (LNG) mega project.
The $30 billion natural gas project aims to produce 10 million tons per annum of LNG for export with transformational potential for industrialization by bringing investment, technology, skills and infrastructure to the country, which will benefit Tanzanian businesses and its citizens.…
Tanzania is not a newcomer to the oil and gas economy. The sector has evolved over the past decade and become a flagship sub-sector that stands to draw billions. The journey to the current standpoint, where Tanzania and a consortium of oil and gas giants have inked preliminary agreements, was tedious but necessary.
Gas exploration has been existing for more than 50 years in Tanzania. The first natural gas discovery in Tanzania was made in 1974 on Songo Songo Island, followed by the second discovery at Mnazi Bay in 1982.
That discovery took the sector’s attention from exploration to commercialization of the two findings, promoting more investments in Tanzania’s onshore and offshore gas explorations.…
The minister for Energy, January Makamba, noted before the President of Tanzania Samia Suluhu Hassan that Tanzania could be holding nearly 60 trillion cubic feet (TCF) of gas deposits.
This amount stands to transform the energy sector and put a dent in the economy as the nation becomes a competitive actor within the regional and global markets.
However, the minister revealed that the government of Tanzania is taking natural gas exploration to the next level.…
In his ruling, Judge Bloem said that Shell had failed to prove the safety of the project against the claims made by environmental experts and the local community, and that there had been a substantial flaw in the consultation process with the locals in the Wild Coast.
Protests against Shell exploration have gained 85,000 signatures with over 35 fuel stations dumping the company.
The local communities expressed their disappointment, saying that their customary rights to the land where they fished and did their religious activities had not been respected. Shell quietly announced the commencement of the seismic survey on November 4, 2021.…
Manufacturers turn PRO as US bulldozes Kenya over plastics
In August this year, Kenyans and conservationists everywhere were up in arms after it emerged that the US was arm-twisting Kenya to rescind its tough stance on plastics.
The decision was by the American Chemistry Council which has lobbied the US government during the Covid-19 pandemic to use a US-Kenya trade deal to expand the plastics industry’s footprint across Africa.
According to Greenpeace, documents obtained by Unearthed, it’s investigative journalism platform, show that the same lobby group, which counts Shell, Exxon, and Total among its members, also lobbied against changes to the international Basel Convention, which put new limits on plastic waste entering low and middle-income countries.
Already, 34 out of 54 countries have adopted some form of regulation to phase out single-use plastic.
Plastic waste management in Kenya