Tanzania Tells Swala Oil to Delay Purchase of 40% Stake in Orca Unit
Tanzania's national oil company TPDC ordered Swala Oil and Gas on Friday to delay its acquisition of up to 40 percent in PAE PanAfrican Energy Corp. pending a more detailed assessment of the deal. Swala, a Tanzanian firm, said on Jan. 2 it would buy the stake in the unit of Canada's Orca Exploration Group for $130 million.
Solar Panels Power Business Surge in Tanzania
S amwel Nyakalege's life has recently become more of a grind - and that's a good thing. The 33-year-old miller from Bwisya village, on Lake Victoria's Ukara Island, is one of the first to benefit from a project to bring solar power to residents and business-owners. The entrepreneur, married with four children, has worked grinding millet…
Tanzania: China-Funded Port Work Starts in 2015
Construction of a Chinese-funded port and special economic zone in Tanzania worth at least $10 billion will start in July 2015, the president's office said in a statement on Monday, for the first time setting a start date for the delayed initiative. Tanzania aims to build a huge port at Bagamoyo, 75 km (47 miles) north of commercial capital Dar es Salaam…
Mnazi Bay Gas Deal Signed
Maurel & Prom announced that, along with Mnazi Bay license partners Wentworth and Tanzania Petroleum Development Corporation (TPDC), it has signed a gas sales and purchase agreement with TPDC for the long-term sale of natural gas from the Mnazi Bay and Msimbati fields in southern Tanzania to the government owned…
Drum Cussac Trains O&G Supply Entrepreneurs
Drum Cussac said it is helping Tanzania's budding entrepreneurs cater to the requirements of the international oil and gas companies operating in the country, as part of its own Corporate Social Responsibility (CSR) initiative and a Tanzanian government vocational scheme. In the coastal town of Mtwara, in southern Tanzania…
