21 October 2023
Lusaka, Zambia
View: https://m.youtube.com/watch?v=Jlt_Dj3hiOo
President Hichilema said: “Adding value to our mining will accelerate economic development, create employment and business opportunities along the value chain and I am very keen to see joint venture investments between local Zambians and regional partners to achieve this.”
TANZANIAN business mogul Rostam Aziz, through his Taifa Group firm, has set foot in Zambia, starting with a huge investment in power generation.
Taifa Group subsidiary company, Tafa Gas, has partnered with a Zambian firm, Delta Marimba, and formed a joint venture, Taifa Marimba Investment Ltd, which has set aside an initial investment of $100 million for developing a power generation plant in Zambia.
The venture comes eight months after Rostam Aziz’s launch of a plan to construct a multi billion gas plant in Mombassa, Kenya, through Taifa Gas.
President Hichilema with Rostam Aziz
More info :
Taifa Gas Tanzania Limited, initially established as Mihan Gas Company Limited, was duly incorporated in the United Republic of Tanzania in 2005, holding a certificate of incorporation number 52508, as a limited liability entity pursuant to the Companies Ordinance (Cap 212).
Over an initial two-year period, the Company invested significantly in its startup infrastructure within the Liquefied Petroleum Gas (LPG) sector and subsequently expanded its operations. In 2018, following a strategic acquisition by Mihan Gas Company Limited and subsequent consolidation, Taifa Gas Tanzania Limited rebranded and launched a new corporate vision.
Operating under the Taifa Gas and Mihan Gas brands, Taifa Gas Tanzania Limited offers LPG cylinders and related services.
The company boasts an extensive network comprising 22 depots and sub-depots strategically located across various regions including Mwanza, Mbeya, Moshi, Dodoma, Singida, Morogoro, Iringa, Tanga, Shinyanga, Songwe, and Manyara.
And the sub-depots being in Njombe, Bukoba, Geita, Tabora, Musoma, Arusha, Sumbawanga, Kahama, Singida, Mtwara, and Lindi