Three Questions On Every Investor’s Mind In East Africa Oil and Gas Industry

The biggest challenge in the East African oil and gas industry is getting people/companies willing to invest their money in this industry.

The simple truth is that oil and gas investors are curious by nature. They have made a lot of money and they have and they have lost a lot of money.

For the host countries that means they need to lower investor’s resistance before they can start marketing their blocks and countries

Here are three questions investors ask themselves when considering ventures into emerging oil and gas industries such as East Africa.

1..Am I going to get a high return on investment?

Every investor want to see great return on investment in any country they go into. This is an investor’s main priority. Investors are willing to pay tax to the host country but the discus system should not be marred with corruption that will eat into the profits of the investor

2.Am I likely to find qualified people?

Availability of qualified personnel: Will there be adequate human resources to perform the work in the line of investment. For example, pipeline construction. Is Tanzania in possession of qualified welders, pipefitters, welding inspectors, coating inspectors, non-destructive testing inspectors, project managers, project cost controllers to service such a project?

3.Am I going to lose Money?
The political climate must be calm and not make invertors fear of losing their money due to political instability.

Hussein Boffu runs a consultancy gives you a holistic view of your business. Reach out to him via email at hussein.boffu@tanzaniapetroleum.com or by calling, texting, or WhatsApp at +255(0)655376543.