According to Palamagamba Kabudi, Chairman of the Government of Tanzania’s negotiating team, the Government will hold a 16% stake each of the jointly established companies that would operate the projects.
The agreements fall under the Government’s drive to accelerate negotiations regarding long-pending mining and energy projects.
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South Africa is set to host the first-ever Critical Minerals Africa in Cape Town. Hosted by the country’s Department of Mineral Resources and Energy, the conference will gather over 2,000 delegates from around the world, including delegations from the United States, the European Union, the United Kingdom, BRICS and G20 countries to showcase investment opportunities across Africa’s critical minerals industry.
South Africa is set to host the first-ever Critical Minerals Africa in Cape Town. Hosted by the country’s Department of Mineral Resources and Energy, the conference will gather over 2,000 delegates from around the world, including delegations from the United States, the European Union, the United Kingdom, BRICS and G20 countries to showcase investment opportunities across Africa’s critical minerals industry.
Building on three successful editions, the fourth edition, taking place on 3-4 December in Senegal, will open further deal-signing opportunities for regional and foreign investors.
While some analysts propose that existing discoveries hold enough oil and gas to meet global demand for the foreseeable future, others argue that the remaining supply will not sustain us beyond the next quarter century.
Africa’s gas resources stand to play a central role in achieving regional and global energy security, while meeting climate targets.
