Browsing: Tanzania

• Tanzania seeks to amass an abundance of energy and engage in energy trade with neighboring countries.
• However, the absence of sustainable access to energy services and products continues to impact the trajectory of economic growth. Tanzania aims to achieve a power generation capacity of 5,810MW by 2025.
• Tanzania boasts abundant energy sources, including renewable options and substantial reserves of fossil fuels like natural gas.

Energy holds a position of paramount importance in Tanzania’s pursuit of prosperity, akin to the significance of gold in wealth accumulation. Presently, Tanzania is confronted with a formidable appetite for power to fuel its burgeoning industrial ambitions.

The nation not only aspires to amass an abundance of energy but also seeks to engage in energy trade with its neighboring countries. While this vision remains attainable, the path forward necessitates a careful examination of costs and a well-crafted strategy.

It is undeniable that issues related to energy …

• Africa’s vast natural gas and oil reserves present significant untapped potential for economic growth.
• However, the continent faces challenges in fully harnessing its energy resources and transitioning to cleaner sources.
• The upcoming Tanzania Energy Congress serves as a critical platform for discussions and collaborations shaping the region’s energy future.

Energy in Africa presents both untapped potential and significant challenges hindering growth. The continent possesses vast natural gas and oil reserves, offering opportunities for economic advancement.

However, the current energy mix relies heavily on fossil fuels, demanding substantial investments in capital and technology, which Africa requires urgently.

Despite its resource wealth, Africa has struggled to fully harness its oil and gas potential, especially in the face of global shifts towards cleaner energy sources. Partnerships within the industry have historically fallen short, but lessons from past agreements can guide more productive collaborations.

Africa has the potential to emulate successful partnerships, such as …

• Africa’s energy sector is at a crossroads but it has the chance to lead the global shift to sustainable power.
• Africa is forging a cleaner, brighter future through renewables, innovation, community engagement, and resilience.
• For Africa, collaborations with global partners can light the way past the current sustainable energy financial hurdles.

Africa, known for its diverse landscapes and rich cultural mix, is now emerging as a key player in the global transition to sustainable energy sources.

As the world grapples with the challenges of climate change and seeks to reduce its reliance on fossil fuels, the African continent finds itself at a critical juncture in its energy journey.

With abundant renewable resources, innovative technologies, and a growing commitment to sustainable development, Africa is poised to lead the way in the global shift towards clean and green energy.

Africa boasts an abundance of renewable energy resources, including ample sunshine, strong winds, …

• Kenya’s appeal comes at a moment when East Africa has seen only one exit through an IPO in the past decade.
• 2022 marked the highest level of exit activity in the region in the past decade. Projections show that 2023 is poised to surpass 2022 performance.
• Private Equity investors typically opt for one of three main methods to exit their investments: selling to industry competitors, conducting secondary buyouts, or engaging in Management Buyouts (MBOs).

Kenya is urging private equity firms and venture capital companies to turn to the Nairobi Securities Exchange (NSE) as a platform to realize their deal exits.

The move is part of the Kenyan government’s broader strategy to deepen its capital markets and attract more private investments. “Once you are in, exit through our capital markets,” said Mr. Abubakar Hassan Abubakar, the Principal Secretary of the State Department of Investment Promotion in the Ministry of …

• Over 283 million Africans experience hunger daily, and millions suffer from malnutrition, a crisis that demands attention
• Tanzania’s Samia Suluhu urges African leaders to prioritize the agriculture sector and align it with the 2014 Malabo Declaration.
• Kenya’s William Ruto says the adoption of technology, including online distribution of fertilizer, is transforming agriculture.

Africa faces a pivotal moment where challenges looming on its doorstep can be transformed into opportunities to revamp and reshape its agriculture policies and strategies.

President Samia Suluhu Hassan emphasized this during the Africa Food Systems Summit 2023, held in Dar es Salaam from September 5-8.

Dr Samia urged African leaders to prioritize the agriculture sector, aligning their goals with current economic needs and the Malabo Declaration 2014, which calls for increased agriculture budgets and inclusive growth.

Over 283 million Africans experience hunger daily, and millions suffer from malnutrition, a crisis that demands attention. President Samia implored fellow …

One remarkable shift at AGRF 2023 was the role accorded to Africa’s youth in shaping the discussions and actions concerning agriculture and food system transformation. Young innovators and farmers took center stage alongside heads of state, providing firsthand insights into the complex realities of farming in Africa. Tanzanian President Samia Suluhu Hassan amplified the youth’s voice in these critical conversations, recognizing their pivotal role in the agrarian revolution. President Samia shed light on the challenges faced by Africa’s youth in the agriculture sector, including access to information, land, capital, pest and disease management, and the ever-pressing issue of climate change.…

• The inclusion of the Oman JSRS eMarketplace (JeM) in this year’s Tanzania Energy Congress signals strengthening economic ties between Oman and Tanzania-Zanzibar.
• Oman, with its vast expertise in oil and gas, finds a promising partner in mainland Tanzania and the Zanzibar Island.
• By showcasing suppliers certified by Oman’s Ministry of Energy & Minerals’ Joint Supplier Registration System, digital platform JeM offers a golden opportunity for Tanzanian companies to interact with their Omani counterparts.

In the heart of East Africa, a significant event is unfolding that promises to reshape the energy landscape of the region. The 2023 Tanzania Energy Congress, scheduled for September 20-21 in Dar Es Salaam, is not just another conference. It’s a testament to the growing synergy between Tanzania-Zanzibar and Oman, two nations with a shared vision for a sustainable energy future.

A Meeting of Minds and Markets

The inclusion of the Oman JSRS eMarketplace (JeM) in this …

In the heart of East Africa, where the Serengeti wild plains meet the azure waters of the Indian Ocean, lies a nation that pulsates with fashion, creativity, and individuality. Tanzania, renowned for its natural beauty and cultural diversity, has cultivated a deep love for fashion that transcends mere clothing and expresses identity, history, and aspiration. The Tanzanian love for fashion is a complex tapestry woven with heritage threads, modernity, and a yearning for self-expression.…

• Oil and gas discoveries in Tanzania have caught the eye of energy giants Equinor, ExxonMobil, and Shell.
• Tanzania is strategically positioning itself for the commercialization of its energy resources.
• The upcoming Tanzania Energy Congress on September 20-21 will showcase the country’s potential in the sector.

Tanzania’s vast natural gas reserves have attracted the attention of energy giants Equinor, ExxonMobil, and Shell, marking a significant leap forward in the nation’s economic prospects. With a recent discovery of oil reserves in Wember-Eyasi, Tanzania’s energy landscape is poised for a transformative shift. Analysts note that oil and gas will bolster the country’s position as an emerging player in the global energy sector.

Strategic positioning in global gas market

Mirroring the ambitions of Africa’s top oil-producing nations, such as Nigeria, Algeria, Libya, Angola, and Egypt, Tanzania is strategically positioning itself for the commercialization of its energy resources to fuel both its own industrialization and …

• One of Africa’s biggest pipeline is the 4,100Km Trans-Sahara Gas Pipeline connecting Nigeria and Algeria oil fields.
• At 1,443Km East African Crude Oil Pipeline will connect Uganda’s oil fields to Tanzania’s coast.
• Cutting across seven countries, the Central African Pipeline System will include refineries, gas-to-power plants, and LNG terminals.

As oil and gas industries continue to grow in Africa, the construction of regional, intra-African pipelines has a huge part to play in distributing these hydrocarbons across the continent, allowing Africa to reap the benefits of its energy resources.

These benefits included improved access, availability, and affordability of energy as well as energy security. It also contributes to added revenue to the participating countries and the skills development of local companies and individuals.

Africa, a continent teeming with untapped energy potential, has long been grappling with the challenge of delivering its vast oil and gas resources to its energy-hungry populations.

With …