SINGAPORE Minister for Trade, Dr Koh Poh Koon, has said plans are underway to use Dar es Salaam Port as a trade link between his country and other East African countries.
The minister, who revealed the plan when he visited the Prime Minister, Mr Kassim Majaliwa, in Dodoma yesterday, said his country was ready to offer exchange programmes that will see Tanzanians working at the Singapore Port to gain expertise and experience to run Tanzania’s ports efficiently.
Dr Koon, who has been accompanied by 40 big businessmen, informed the PM that Singapore’s firm, Hyflux, has started investing in Morogoro Region, where in five years’ time they are expecting to build an enabling infrastructure for light industries, commercial areas and 37,000 residential houses.
“Our company, Pavilion Energy, has invested 1.2 billion US dollars in the gas sector and is expecting to invest an additional 3 billion US dollars for an LNG plant, which will be built in Southern regions in partnership with gas companies from Europe and US,” he said.
The minister noted that PIL Company from Singapore was expecting to invest 400 million US Dollars for establishment of service stations for gas companies.
Mr Majaliwa welcomed Singapore’s companies to invest in various areas, including establishment of industries, hotels, agriculture and energy.
The premier promised the visiting minister that Tanzania was ready to conclude talks on Bilateral Investment Protection and Promotion Agreement and Double Taxation Avoidance Agreement to attract more investors from Singapore.
He added that Tanzania had opened its investment doors for businessmen from Singapore to come and invest in manufacturing, aviation and Economic Processing Zones (EPZ).
Source: DAILY NEWS
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East Africa: Uganda Picks On Tanzania Route for Crude Oil Exports
April, 2016
Landlocked Uganda yesterday announced plans to export its future crude oil production via a new pipeline to be built through Tanzania rather than Kenya.
The announcement, according to a statement issued by the Ministry of Foreign Affairs, Regional and International Cooperation yesterday, was made by President Yoweri Museveni in Kampala after meeting presidents Uhuru Kenyatta of Kenya and Paul Kagame of Rwanda.
The first large discoveries of oil in Uganda date back to 2006 on the shores of Lake Albert. Reserves in the area are conservatively estimated at some 1.7 billion But informed sources say production will not come on stream before 2025.
Three oil companies – Total of France, Chinese giant CNOOC and Anglo-Irish firm Tullow – each won a one-third rights share in 2009, but the issue immediately arose of how to export the crude from a country with no coastline.
After years of talks discussing the relative merits of different routes out to the Indian Ocean, Uganda has chosen to run a 1,400 kilometre (800 mile) pipeline through Tanzania via the port of Tanga near the Kenyan border.
According to a Ugandan experts’ report dated April 11 and obtained by AFP, the Tanzanian project won the argument because the “Tanga port in Tanzania is fully operational while Lamu port in Kenya is still to be built.”
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