Tanzanians Can Now Take Up Natural Gas Stakes

Dar es Salaam — Tanzanians local, investors including different organizations have something to smile after the Tanzania Private Sector Foundation (TPSF) announced last week that it was now possible for locals to own their natural gas and oil resources.

The TPSF Chairman Reginald Mengi said last week in a statement availed to East African Business Week that local companies including Tanzanians and or groups of people wishing to buy shares will be allowed to have five percent stake, thus making the company a true ownership of locals.

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