Tag: US

Cyber-Related Fraud Costs Tanzania Sh10 Billion

| October 22, 2014 | 0 Comments

Cyber-related fraud crimes, involving card skimming and Automated Teller Machine (ATM) thefts have cost Tanzania six million US dollars reports Daily News Tanzania. Speaking at the fourth International Commission on Science and Technology for Sustainable Development in the South (COMSATS) conference in Dar es Salaam, the Permanent Secretary (PS) in the Ministry of Communications, Science […]

Continue Reading

Obtala to grow own fruit in Tanzania

| October 14, 2014 | 0 Comments

Obtala to grow own fruit in Tanzania Details Published on Tuesday, 14 October 2014 00:35 Written by DAILY NEWS Agencies Hits: 128 OBTALA Resources has taken a lease on a chunk of agricultural land in Morogoro, Tanzania with the intention of planting orchards that could save it US$1mln annually. The land covers 204 hectares, is […]

Continue Reading

IPTL Switch-to-Gas Order Under Close State Watch

| October 14, 2014 | 0 Comments

By Alvar Mwakyusa THE government is closely monitoring envisaged plans to expand and convert the Heavy Furnace Oil (HFO) fired-power plants at Independent Power Tanzania Limited (IPTL) as ordered by the High Court last year. In his ruling in September, last year, High Court Judge John Utamwa ordered the conversion of the plants from HFO […]

Continue Reading

Case On Offshore Gas Blocks Still Tricky

| October 10, 2014 | 0 Comments

By Faustine Kapama THE litigation involving three gas blocks offshore in Mtwara region has taken a new turn, with Tanzanian lawyers opposing a move by BG Tanzania Limited to surrender one of the blocks they had purchased from Ophir Energy. In a letter sent to the Permanent Secretary of Ministry of Energy and Minerals, the […]

Continue Reading

Case on offshore gas blocks still tricky

| October 9, 2014 | 0 Comments

Case on offshore gas blocks still tricky Details Published on Thursday, 09 October 2014 00:55 Written by FAUSTINE KAPAMA Hits: 185 THE litigation involving three gas blocks offshore in Mtwara region has taken a new turn, with Tanzanian lawyers opposing a move by BG Tanzania Limited to surrender one of the blocks they had purchased […]

Continue Reading

Regional power project planned

| October 1, 2014 | 0 Comments

Regional power project planned Details Published on Wednesday, 01 October 2014 02:10 Written by ROSE ATHUMANI Hits: 149 Prof Sospeter Muhongo       ZAMBIA, Tanzania and Kenya will soon enjoy reduced electricity costs following the envisaged completion of the ZTK interconnection power project. Three energy ministers from Zambia, Tanzania and Kenya signed a Cooperation […]

Continue Reading

Tanzania expects $2.5b in revenues

| September 30, 2014 | 0 Comments

Resources  Sunday, September 28, 2014  TOO MUCH PAPERWORK: About $300 million is needed monthly to pay for imported petroleum products. The Tanzania government expects to generate $2.5 billion annually  from its natural gas reserves, but the figure  will grow to $5 billion and beyond in subsequent years writes BAZ WAISWA.  To make more sense of […]

Continue Reading

Businessman cries foul over illegal gas property acquisition

| September 27, 2014 | 0 Comments

Businessman cries foul over illegal gas property acquisition Details Published on Saturday, 27 September 2014 01:07 Written by FAUSTINE KAPAMA Hits: 211 TANZANIAN businessman Moto Matiko Mabanga was kicked out of a deal involving three offshore gas blocks in Mtwara Region to facilitate smooth transfer of shares by Ophir Energy PLC to British Gas Tanzania, […]

Continue Reading

Tanzania 91-day Treasury bill yield drops to 9.88 pct

| September 25, 2014 | 0 Comments

DAR ES SALAAM (Reuters) – The weighted average yield on Tanzania’s 91-day Treasury bill fell to 9.88 percent at this week’s auction from 11.83 percent at the last sale two weeks ago, the central bank said. During the sale held on Wednesday, the bank accepted a total of 275.1 billion shillings ($164.8 million) worth of […]

Continue Reading

We need efforts to attain development goals

| September 24, 2014 | 0 Comments

We need efforts to attain development goals Details Published on Tuesday, 23 September 2014 07:51 Written by EDITOR Hits: 187 TANZANIA may fail to meet the Millennium Development Goal (MDG) of halving poverty by 2015, but the failure can in no way dismiss achievements made in social and economic development. The National Development Vision 2025 […]

Continue Reading