Fumbuka Ng'wanakilala

Tanzania

Journalist at Bloomberg News

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Articles

Tanzania Wants Large Miners to Refine, Trade 20% of Gold Locally

2 weeks ago | bloomberg.com | Fumbuka Ng'wanakilala

(Bloomberg) -- Tanzania plans to make it compulsory for large-scale miners to refine and trade at least 20% of their gold output domestically as the East African nation seeks to benefit from a rally in the bullion price and control a larger share of its resources. Miners that will likely be affected by the move include Barrick Gold Corp., the world’s second largest gold producer, and AngloGold Ashanti Plc.
Tanzanian Currency Rises Most Since January

2 weeks ago | bloomberg.com | Eric Ombok |Fumbuka Ng'wanakilala

Tanzanian shilling banknote. Photographer: Luis Tato/AFP/Getty Images(Bloomberg) -- Tanzania’s shilling strengthened the most since mid January, paring one of the world’s biggest yearly losses. The shilling rose 1% to 2,588.12 per dollar on Wednesday, bringing gains for the month to 3.7%. That’s pared its loss for the year to about 7%.
Tanzania Curbs Internet After X Posts Fake President’s Death

1 month ago | bloomberg.com | Fumbuka Ng'wanakilala

Samia Suluhu Hassan, president of Tanzania. (Bloomberg) -- Tanzania restricted internet access after several government accounts on the X social network platform were compromised. Social media users said they have resorted to using a virtual private network, or VPN, to access X. The hackers, who also hit some government accounts on YouTube, posted messages claiming the East African nation’s president has died.
Tanzania Says $42 Billion LNG Deal Delayed On Local Content Use

1 month ago | financialpost.com | Fumbuka Ng'wanakilala

Article content(Bloomberg) — Tanzania’s Deputy Prime Minister Doto Biteko said the government wants to agree the terms of a long-delayed $42 billion liquefied natural gas facility with international oil companies by October. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Article contentNegotiators for a consortium comprising Shell Plc, Equinor ASA and Exxon Mobil Corp.
Tanzania Says $42 Billion LNG Deal Delayed On Local Content Use

1 month ago | bloomberg.com | Fumbuka Ng'wanakilala

LNG pipework. (Bloomberg) -- Tanzania’s Deputy Prime Minister Doto Biteko said the government wants to agree the terms of a long-delayed $42 billion liquefied natural gas facility with international oil companies by October. Negotiators for a consortium comprising Shell Plc, Equinor ASA and Exxon Mobil Corp.
Tanzania Threatens to Block South Africa, Malawi Farming Imports

2 months ago | bloomberg.com | Fumbuka Ng'wanakilala

A worker holds a Ylang-ylang flower on a spice farm outside Stone Town, Tanzania. (Bloomberg) -- Tanzania will impose trade barriers on agricultural imports from South Africa and Malawi if the two countries don’t lift restrictions on shipments from the East African nation. Agriculture Minister Hussein Bashe has given Pretoria and Lilongwe until Wednesday next week to remove non-tariff barriers on Tanzanian produce or it will restrict all farming imports from the countries, he said in a post on X.
Tanzania Poll Body Bars Main Opposition Party From October Vote

2 months ago | bloomberg.com | Fumbuka Ng'wanakilala

Tundu Lissu at the magistrate's court in Dar es Salaam. (Bloomberg) -- Tanzania’s election commission disqualified the main opposition Chadema party from October elections over its refusal to sign code-of-conduct documents. The move on Saturday comes just two days after party leader Tundu Lissu was charged with treason and other offenses related to the country’s cybercrimes law.
Tanzanian Court Charges Opposition Leader Lissu With Treason

2 months ago | bloomberg.com | Fumbuka Ng'wanakilala

Tundu Lissu in January. (Bloomberg) -- A Tanzanian court on Thursday charged opposition leader Tundu Lissu with treason, which carries the maximum penalty of death, as tensions mount in the East African nation before October elections. Lissu, who survived an assassination attempt in 2017, was arrested at a public rally in the country’s south the day before while campaigning with his Chadema party for electoral reforms.
Tanzanian Police Arrest Main Opposition Leader, Party Says

2 months ago | bloomberg.com | Fumbuka Ng'wanakilala

Tundu Lissu(Bloomberg) -- Tanzanian police arrested the east African nation’s main opposition leader after he addressed a rally to promote democratic reform ahead of October elections, his party said. Tundu Lissu and other members of the Chadema party were taken into custody in the southern Mbinga district on Wednesday, it said in a statement, adding that police used teargas to disperse his supporters.
Tanzania Plans to Kick Off 5th Oil, Gas Licensing Round in May

Mar 6, 2025 | rigzone.com | Fumbuka Ng'wanakilala

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. Three of the 26 blocks are in Lake Tanganyika and the rest in the Indian Ocean. The country’s last licensing round was in May 2014. “We are proceeding with promotion activities because the blocks have already been identified and the data is in place.