Page 15 - AfrOil Week 26 2022

AfrOil PROJECTS & COMPANIES AfrOil

In early 2019, the treasury said Zimbabwe was is mainly involved in the financing and acquisi-
spending between $90mn to $100mn monthly tion of materials and products since it is rightly
importing petroleum products, up from positioned in the capitals of the world; it is head-
between $60mn and $80mn monthly a few quartered in London, United Kingdom, and has
months earlier. offices all over the globe with presence in about
“In the joint venture,” said King, “SJ Global 32 countries.” ™

Tanzania’s Taifa Gas secures

licence for LPG plant in Kenya

TANZANIA/KENYA TANZANIA’S Taifa Gas is set to construct an industrial use,” the company stated in a notice
LPG gas plant and storage facilities near the seen by The Citizen.
Kenyan port of Mombasa after securing a Taifa Gas is building the LPG plant in line
licence to operate in the neighbouring country. with a bilateral trade agreement signed between
The plant will help Taifa Gas achieve its aim Kenyan President Uhuru Kenyatta and his Tan-
of entering the Kenyan market and supplying zanian counterpart Samia Suluhu Hassan in
LPG for domestic, commercial and industrial Zanzibar last year. The wide-ranging agreement
use at relatively low prices. It is also expected addressed many other issues, including the Ken-
to trigger fierce competition between Taifa yan airline JamboJet’s request for permission to
Gas and local players, given that the Tanzanian fly to several destinations within Tanzania.
company sells its LPG at lower prices than other Meanwhile, several Tanzanian companies
brands of gas distributed by foreign and local have applied to construct gas facilities in Kenya.
firms operating on the Kenyan market. These include Aevitas Investment, Mombasa
Taifa Gas is expected to make its impact Gas Terminal Ltd (MGT), Lions Gate Ltd,
assessment study for the project available for Focus Container Freight Station and Mansa
review this month, and it will invite comments East Africa Ltd. They hope to capitalise on ris-
from the public on its plans. ing demand for LPG in Kenya and East Africa
“Taifa Investment SEZ Ltd proposes to con- more broadly after obtaining operating licences.
struct a liquefied petroleum gas plant, storage Taifa Gas Group, which is owned by the Tan-
terminal and related facilities at Dongo Kundu zanian businessman Rostam Aziz and head-
in Mombasa County. The proposed plant is quartered in Dar es Salaam, is involved in the
designed to store propane, butane and LPG mix importation, storage, distribution, sale and mar-
of various grades for domestic, commercial and keting of LPG. ™

Suluhu (C) and Kenyatta (R) signed a trade deal that paved the way for Taifa’s project (Photo: Kenya State House)

Week 26 29•June•2022 www. NEWSBASE .com P15