Market News Page No. 190| Africa Business News | Afrotrade

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Tanzania: Dar Traders Aim High Oil & Gas Sector

A group of daring local business operators have taken on the mantle to lead in the promotion of the local content in the oil and gas industry through promotion of job and business opportunities for nationals and local businesses in the sector. They teamed up to form an Association of Tanzania Oil and Gas Service Providers (ATOGS) that will lobby for and promote the participation of indig enous Tanzanian individuals and bodies.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Gas, Oil Service Providers Need Our Collective Support

Local content has lately become very topical for African countries that have discovered oil and gas resources in discussions on how best these countries will manage their petroleum resources in a sustainable manner for the benefits of its people. It has become a very important issue as people are expecting their governments to enable them capture the commanding heights of the economy and thus assist to keep its wealth within its.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Norway Gives TZ Sh22 Billion in Grants

The Norwegian government has pledged to give Tanzania a grant of $10.5 million (Sh22.05 billion) aimed at boosting the country's domestic revenues in the next three years. Norway Foreign minister Borge Brende revealed this on Friday when he met with Tanzania's Finance and Planning minister, Dr Philip Mango. He said, he was impressed by President John Magufuli's efforts towards ending corruption and raising domestic.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Norwegian Minister Counsels Tanzania

Norwegian Foreign minister Borge Brende has said that it's still premature for Tanzania to celebrate its gas resource benefits despite the potentials available. Mr Brende who ended his two-day visit in Tanzania at the weekend said completion of the liquefied natural gas (LNG) project is going to improve foreign direct investment (FDIs) to the country but he noted that this would take a lot of work and great.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: VP Samia Suluhu to participate in Oil and Gas Congress

Her Excellency Samia Suluhu Hassan, Vice President of the United Republic of Tanzania has formally announced her support and participation in the upcoming Tanzania Oil & Gas Congress (CWCTOG.com), organised by the CWC Group (www.TheCWCGroup.com). The Congress will gather senior representatives from the Tanzanian oil and gas industry including Governments, international oil companies, indigenous producers, international and.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania explores LNG prospects with NGC

Tanzania wants to develop its liquified natural gas (LNG) sector and a delegation from that country recently visited the National Gas Company (NGC) Limited for talks. The group expressed interest in promoting NGC, T&T’s service sector and academic institutions, if value could be created in Tanzania’s critical stages of development. “Th Government Negotiating Team of Tanzania’s (GNT) visit centred around.... Read more »

Posted on : Tuesday , 18th July 2017

Norway to give Tanzania $10.5m grant as budget support

The government of Norway will give Tanzania a grant of $10.5 million as budget support to boost the countries revenue over the next three years.Norway Foreign Minister Borge Brende announced this on Saturday in Dar es Salaam, when he met with Tanzanian Finance and Planning Minister Philip Mpango. Norway was impressed by President John Magufuli’s drive to end corruption and increase domestic revenues, Brende.... Read more »

Posted on : Tuesday , 18th July 2017

Vice President of Tanzania to meet gas, oil investors

Vice President of the Tanzania Samia Suluhu Hassan will meet investors in the upcoming Tanzania Oil & Gas Congress in September. In a formal announcement, Hassan extended his support and participation in the upcoming event which will be organised by the CWC Group. The Congress will gather senior representatives from the Tanzanian oil and gas industry including Governments, international oil companies, indigenous.... Read more »

Posted on : Tuesday , 18th July 2017

Ashok Leyland wins Rs 1140 cr order from Tanzania government

Indian commercial vehicle manufacturer Ashok Leyland has won USD 170 million (Rs 1,140 crore) order from the Government of the United Republic of Tanzania for the purchase of vehicles, gensets, spares and equipment for development of workshops, training modules and allied equipment to be fitted on ambulances, informed the company in a Bombay Stock Exchange (BSE) filing. Vinod K Dasari, Managing Director, Ashok Leyland said,.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Japan to Help Establish Car Factories

JAPAN, the country commanding the largest share of motor vehicles populating the entire globe, is committing itself to assist Tanzania and the other East African Countries to start manufacturing cars locally. The Deputy Head of Japan International Cooperation Agency (JICA) in Tanzania, Mr Kuniaki Amatsu, reaffirmed his country's commitment to support the East African Community's integration process but especially in the area of.... Read more »

Posted on : Tuesday , 18th July 2017

Peak Resources: Magnet metal rare earths in Tanzania

Since listing onto the Australian stock exchange back in 2006, Peak Resources Ltd has come a long way. Whilst exploring for phosphate minerals in East Africa, the company discovered rare earth minerals, creating a significant buzz across the mining industry that led to the establishment of its flagship Ngualla Project. Managing Director Darren Townsend explains how the company has taken the project, located in southern Tanzania, from.... Read more »

Posted on : Tuesday , 18th July 2017

South Africa: SA to Explore Business Prospects in Kenya, Tanzania

The Department of Trade and Industry (dti) will lead an Outward Selling and Investment Mission to Kenya and Tanzania with the aim of increasing trade and investment between South Africa and the two countries. A total of 27 local companies in the agro-processing, automotive, infrastructure, built environment, mining and capital equipment, chemicals, plastics and cosmetics sectors will be part of the mission that will get underway.... Read more »

Posted on : Tuesday , 18th July 2017

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