World bank ranks: Kenya second on logistics

UK SMALL CAPS REPORT
DECEMBER 4, 2018 / 11:18 AM / UPDATED 11 MINUTES AGO
UPDATE 1-Equinor set to start talks with Tanzania over LNG project
Nerijus Adomaitis
(Adds details, background)

By Nerijus Adomaitis
OSLO, Dec 4 (Reuters) - Norway’s Equinor is ready to start talks with Tanzania over developing a liquefied natural gas (LNG) project based on a deepwater offshore discovery, the company said on Tuesday.

Tanzanian President John Magufuli has asked his government to proceed with negotiations to set out the commercial and fiscal framework for the LNG project, it added.

“Equinor will now proceed with our partner ExxonMobil with negotiations for a host government agreement,” an Equinor spokesman said in an email to Reuters.

He said it was too early to say how long talks with the government could take and how much the project would cost.

Tanzania said in 2014 that a planned LNG export plant could cost up to $30 billion.

Royal Dutch Shell, which operates deepwater Blocks 1 and 4, adjacent to Equinor’s Block 2 previously sought to develop the LNG project in partnership with Equinor and Exxon Mobil.

Shell said on its website the three blocks had sufficient gas reserves to build an onshore LNG plant, but the company was not immediately available to comment on whether it would join the other two in starting talks.

Shell estimates its two blocks hold about 16 trillion cubic feet (453 billion cubic metres) of recoverable gas, similar to the volumes in Equinor’s Block 2.

Reuters reported in June that Exxon Mobil was seeking to sell its 25 percent stake in Block 2 as it was focusing on an even bigger project in neighbouring Mozambique. (Editing by Gwladys Fouche and Edmund Blair)

Our Standards:The Thomson Reuters Trust Principles.

UPDATE 1-Equinor set to start talks with Tanzania over LNG project | Reuters
 
Dar port to handle 25 mln tons

Amesema .....Mwaka jana tulipitisha tani milioni 16.......Tutarajie baada ya uboreshaji.... rated capacity itakua 25 million!!!!!!!!

So for now your capacity is 16 million tonnes, after the expansion project is when you expect to have a capacity of 25 tonnes...
 
What did the word "to handle" mean?
 
What did the word "to handle" mean?
I can also bring Kenya's version of MSA port expansion to handle 45 million tonnes...
Or Lamu port to handle 30 million tonnes.....

Hizo zote ni very future tense....
 
4 DECEMBER 2018
The Citizen (Dar es Salaam)
Tanzania: Chinese Firm Wins U.S.$160m Tender for Phase 2 of BRT
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By Hellen Nachilongo
Dar es Salaam — China Civil Engineering and Construction Corporation has been awarded a tender to construct a $160 million second phase Bus Rapid Transit (BRT) project.

Construction of the 20.3km road would include two flyovers of 24m width and length of 150m each, 29 bus terminals, a control centre and a garage.

The project is expected to start this month and will be completed in 36 months.

Dar es Salaam Rapid Transit Agency public relations manager William Gatambi told The Citizen recently the project would start after finalising the compensation process to residents along Kilwa Road.
"We have so far paid 56 out of 105 people who are supposed to be compensated, "he said.

He said those that were yet to be paid were still opening their bank accounts so that the money could be deposited in their accounts. Others were completing some legal procedures.

According to him, so far there are no objections. People have been signing the affidavit forms for them to be paid so that they evacuate.

Reports show that African Development Bank agreed to issue $141 million for the project and the remaining funds will come from the government. With the growing population of Dar es Salaam, the government began to draw up plans for a rapid transit system in 2003. The government predicted the city population to grow to over 5 million by 2015 and invited the Japan International Cooperation Agency to design a master plan for transport in the city in June 2008.

A bus rapid transit and a metro transit system were proposed but the metro system was not approved due to the high construction and operational costs involved.

The project was placed under the Prime Minister's office and a Dar Rapid Transit Agency (DART) was created through a government notice on 25 May 2007.[9] A 130 km bus rapid transit was planned to cover over 90% of the city's population and the project was split into six phases due to the large investment required.[10] The initial project cost was financed by the world bank and the bank provided $180 million for the construction of the first phase.

Chinese firm wins $160m tender for phase 2 of BRT
 
Of all the other countries... Fastjet Tz is the only one making loses... The others are making profits... Which means the other countries with fastjet have strong domestic market to support the airline industry while Tz largely relyies on foreigners flying in to give business to the airline industry..
 
Evidence?

Masha ups Fastjet Tanzania stake
Former Home Affairs minister Lawrence Masha has raised his stake in Fastjet Tanzania from the previous four per cent to 68 per cent.


BY Alex Malanga @ChiefMalanga amalanga@tz.nationmedia.com

IN SUMMARY

  • That comes hard on the heels of the company’s plans to purchase all shares from the mother company, Fastjet Plc, and to become a wholly-owned Tanzanian airline


Dar es Salaam. Former Home Affairs minister Lawrence Masha has raised his stake in Fastjet Tanzania from the previous four per cent to 68 per cent.

That comes hard on the heels of the company plans to purchase all shares from the mother company, Fastjet Plc, and to become a wholly-owned Tanzanian airline.

Speaking yesterday to The Citizen, Mr Masha, who was on November 6, 2018, appointed as the first executive chairman of the airline, said last week he bought 47 per cent of the company shares owned by locals and other 17 owned by Fastjet Plc.

That means he is now the majority shareholder, leaving the remaining stake in the hands of South African Hein Kaiser, who owns 32 per cent stake of the airline.

The plan to purchase all stake from the mother company and become a Tanzanian entity came a month after Fastjet Plc had on September announced that it was set to stop all funding to Fastjet Tanzania with immediate effect.

However yesterday, the company’s public relations and marketing executive, Ms Lucy Mbogoro, said the company was looking for strategic investors.

Fastjet Plc is a British/South African-based holding company for a group of low-cost carriers that operate in Africa.

The company’s stated aim is to become the continent’s first low-cost, pan-African airline, and the operation was initially
created with the acquisition of Fly540.

Flights in Fastjet’s own name commenced in November 2012 in Tanzania.

The strategy is to create locally incorporated airlines or a series of licensees to operate services, using a common branding, operational standards and sales platform.

Masha ups Fastjet Tanzania stake
 
What is the source of this information??? Is it Kenyans?? Wakenya wana hofu sanaa dhidi ya Tanzania sijui kwanin....ama ni roho mbya na tabia za wizi zilizokithiri huko kwao!!😕😕😕😡😡😡😡
 
No place in Tanzania that looks like Northern Kenya i.e. disconnected n marginalized..
Tanzania has the best road networks than any country in EAC. We are competing with SA only when it comes to entire Africa. Lakin hawa mnayang'au wa Nairobi wanatuonea wivu balaa....maneno mengi kuliko vitendo.
 
😀😀😀😀 you are finished......You were tricked by Chinese nationals and yet they built your railways at very high costs....
 
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