Tanzania – Elite News

Apr102021 by Abel kawereNo Comments

Uganda to sign final oil deal with Total E&P and CNOOC on Sunday

Uganda will close the long-awaited Final Investment Decision (FID) with international oil companies Total E&P and CNOOC on Sunday.The decision will unlock billions of dollars of investment in Uganda’s oil and gas sector. Total chief executive Patrick Pouyanné, is expected in the country over the weekend, according to officials from Uganda’s energy ministry. The deal will also pave way for the construction of the 1440km crude export pipeline from Western Uganda to the Tanzanian Indian Ocean Port of Tanga, a key piece of infrastructure needed to get the east African country’s oil out of the ground and on to international markets. Tanzania’s President Samia Suluhu Hassan is also traveling to Kampala to take part in the three-way talks that should culminate in the signin...

Jan32021 by Abel kawereNo Comments

African free trade area launched after delays owing to Global Coronavirus Pandemic.

FEATURED, NEWS, SPORTS

African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic. But experts view the New Year's Day launch as largely symbolic with full implementation of the deal expected to take years. The African Continental Free Trade Area (AfCFTA) aims to bring together 1.3 billion people in a $3.4 trillion economic bloc that will be the largest free trade area since the establishment of the World Trade Organization. Backers say it will boost trade among African neighbours while allowing the continent to develop its own value chains. The World Bank estimates it could lift tens of millions out of poverty by 2035. But obstacles - ranging from ubiquitous red tape and po...

Oct142020 by Our ReporterNo Comments

“Mount Kilimanjaro Fire Started Accidentally” investigator.

FEATURED, NEWS, Tourism

Hundreds of Tanzanian firefighters and citizens are trying to contain a fire on Mount Kilimanjaro, Africa's highest mountain at 5,895 meters. The National Park spokesman Pascal Shelutete said the initial investigation found the fire started Sunday by porters servicing climbers at the Whona rest area. Shelutete told reporters Tuesday the fire, used to warm up food, ignited dry grass and shrubs. The fire is confined to the Mandara and Horombo trails, Shelutete said, which are no higher than 2,700 meters above sea level. So far, there are no reports of casualties from the fire on the popular site, which attracts tens of thousands of climbers each year, many determined to reach the peak. Reuters reports more than two hundred university stude...

Sep212020 by Abel kawereNo Comments

Top 24 Richest and Poorest Countries of Africa – 2020 Edition

FEATURED, Latest News, Politics, Tourism

The Democratic Republic of Congo The Democratic Republic of Congo has a mixture of economic sectors such as mining, fishing, forestry, agriculture, and copper and cobalt. While the country’s total GDP of $48.46 billion may seem high in comparison to other African countries, but that is mostly due to its large population. With 89.56 million people living in the country, it brings the GDP per capita figure to an astounding low of $495.08. This places the country in the top ten poorest countries in Africa by that metric. Nonetheless, this country is a perfect example of a mixed economy that is trying to build towards the future. According to the African Development Bank Group, growth dropped from 5.8% in 2018 to 4.3% in 2019, due to a slowdown in extractive...

Sep202020 by Our ReporterNo Comments

Uganda’s Exit from Pipeline Project Slows Kenya’s oil Export Hopes

FEATURED, NEWS, Oil & Gas

By VICTOR AMADALA Business Writer The two countries had in 2015 agreed to jointly build the oil pipelineInvestors in the Turkana oil project are pegging their investment decision on the completion of the pipelineKenya will now have to bear the full cost of the delayed Lokichar-Lamu crude oil pipeline after Uganda, which ditched the project in 2016 opted for the Tanzania route. The move by Uganda further jeopardise Kenya's hope both for the oil pipeline, blurring the country’s dream for oil cash. Last weekend, Uganda President Yoweri Museveni and his Tanzanian counterpart John Magufuli officially signed a $3.5 billion (Sh378 billion) deal that will see the Kampala route export its oil through Tanzania’s 1,445-kilometre crude oil pipeline. Uganda said i...

Sep152020 by Our ReporterNo Comments

Why Kenya lost Uganda Pipeline Deal

FEATURED, GOSSIP, NEWS, Oil & Gas

What you need to know: Uganda said it dropped Kenya after it realised it would be cheaper using Tanzania’s Tanga port.The fact that the Tanga port was already operational gave it an edge over Lamu, which is still under construction. Nearly four years after Uganda abandoned Kenya in building an oil pipeline that would have transported its oil to Lamu, it has now officially signed a Sh410 billion ($3.5 billion) deal with Tanzania, leaving Nairobi to walk alone. The deal signed on Sunday between President John Magufuli and his Ugandan counterpart Yoweri Museveni will see Kampala route its oil exports through Tanzania, through the 1,445-kilometre crude oil pipeline. President Magufuli said after inking the deal in his home town of Chato that the project “is very crucial for ou...

Sep132020 by Our ReporterNo Comments

Uganda and Tanzania Sign $3.5bn oil Pipeline Deal

FEATURED, NEWS, Oil & Gas

Tanzania and Uganda have signed an agreement allowing for the construction of a 1,445 km (898 miles) crude oil pipeline. The $3.5bn (£2.7m) project will connect Uganda's oil fields to Tanzania's port of Tanga. The signing ceremony was attended by the presidents of both countries. Oil reserves were found in Uganda in 2006 but production has been delayed partly by a lack of infrastructure including an export pipeline. A start date for construction has not yet been announced for what is set to become East Africa's first major oil pipeline. But there are warnings the project could come at a huge cost to some Ugandan communities. More than 12,000 families risk losing their land and livelihoods, according to a joint report by the International Federation for Human ...

Sep122020 by Abel kawereNo Comments

Total, Uganda Agree on Crude Pipe Issues to Pave Spending

Business, FEATURED, Latest News, Oil & Gas

Total SA said it has agreed with Uganda on issues regarding the host government that will pave the way for a final investment decision for a crude export pipeline. The breakthrough regarding the 1,445-kilometer pipeline was agreed at a meeting between Ugandan President Yoweri Museveni and Patrick Pouyanné, the Total chairman and chief executive officer, and will pave way for the investment decision in the “coming months,” the company said Friday by email from the Ugandan capital, Kampala. Total is now seeking to conclude a similar host government agreement with Tanzania, whose territory the pipe will traverse, to complete the tendering process for all engineering, procurement and construction contracts, according to the statement. The French major is leading plans to build the co...

Sep102020 by Abel kawereNo Comments

Zari Hassan Buys Herself Apartment for 40th Birthday

FEATURED, GOSSIP, Latest News

By Keefa Nuwahereza They say life begins at 40 and Zari Hassan has taken the necessary steps to ensure she continues to eat life with a big spoon once she hits the fourth floor. The Brooklyn City College CEO will be turning 40 on September 23, and to celebrate the special milestone, the mother of five has bought herself an apartment. South Africa based Ugandan businesswoman made sure to let the masses know as she took to Snapchat and Instastories to flaunt. Sharing a blurry video of an unfinished building, Zari said the apartment will be complete and ready for occupancy on December 1st, 2020. “Just bought myself an apartment for my 40th in that unfinished block. 4 minutes from my home. Keys to be received on 1st December,” wrote Zari.

Jul242020 by Our ReporterNo Comments

Sad News As Former Tanzania President Benjamin Mkapa Breathes His Last

FEATURED, NEWS

By Our Reporter Dar Es Salaam: The Peoples Republic of Tanzania is mourning former President H.E Benjamin Mkapa, who died in the early hours of Friday morning, President John Magufuli said in a statement. Mkapa, the East African nation's third president who served from 1995 to 2005, led several regional peace mediation efforts in office. He died while receiving treatment at a hospital in Dar es Salaam, Magufuli said, without giving more details. He declared a seven day mourning period, during which all flags will be flown at half-mast. "Magufuli asks all Tanzanians to remain calm, patient and united during this difficult time," a statement from his office said. Mkapa, 81, also served as an ambassador, minister and key official of the ruling Chama Chamapenduzi (CCM) party...