Tanzania plans to launch its fifth oil and gas licensing round in May, offering 26 exploration blocks, its first such round since 2014.

Tanzania said on Thursday it will launch its fifth oil and gas licensing round in May in which 26 exploration blocks will be put to auction to help draw fresh investment in the east African country's hydrocarbons sector.

The $27 million settlement resolves a protracted legal battle that began when the Tanzanian government seized control of the Wigu Hill project.

Tax and budget experts have proposed key measures to curb illicit financial flows (IFFs) and strengthen Tanzania’s national budget.

Tanzania aims to start a licensing round for dozens of oil and gas exploration blocks in May, the first in more than a decade for the nation with an estimated 57 trillion cubic feet of natural gas reserves.

He passed away in Birmingham, United Kingdom, where he had been living since 1965. He had been unwell for nearly 10 years and was unable to walk in his final years. Mr Dar was born on August 8, 1944,

DODOMA: THE Minister for Natural Resources and Tourism, Dr Pindi Chana has revealed that Tanzania tops the world in hosting large populations of lions, leopards and buffalos, while ranking third globally in the number of elephants.

TANZANIA is set to officially cease the importation of steel, following massive growth in local production which marks a major achievement in the industrialisation agenda. Speaking during a tour of Lodhia Industries in Mkuranga District,

Tanzania's Amsons Group is finalising its takeover of Bamburi Cement after issuing a squeeze-out notice to remaining shareholders, offering KSh 65 per share.