Hussein Boffu runs a consultancy helping elite entrepreneurs reach their goals through actionable business planning. Contact him via email at hussein.boffu@tanzanapetroleum.com or by calling, texting, or WhatsApp at +255(0)655376543.
In the dynamic world of the petroleum industry, success hinges heavily on one crucial factor: location. The strategic placement of petrol stations in areas with burgeoning demand and minimal competition can make or break a business. Yet, identifying these regions poses a significant challenge, necessitating substantial investment in market research, trend analysis, and competitor scrutiny. […]
Investors eyeing opportunities in Tanzania’s petroleum sector must recognize the critical significance of comprehending the regulatory landscape governing the importation of petroleum products. This article delves into why it’s crucial for investors to familiarize themselves with these regulations and how doing so can mitigate risks, foster compliance, and unlock the full potential of investment endeavors […]
Choosing the right location for your petrol station in Tanzania is not just a step in the process—it’s the critical decision that determines your success or failure. But how do you assess whether your chosen spot will deliver the returns you’re aiming for? Traditional feasibility studies can take weeks, maybe even months, and leave you […]
Petrol stations began as fuel stations, primarily for refueling cars with petrol or diesel. Over time, they evolved into service stations, offering additional services such as car repairs and washing facilities. As fuel margins decreased and competition intensified, petrol station owners began exploring ways to maximize profitability. This resulted in the introduction of non-fuel […]
The dynamics of the petrol station business in Tanzania and East Africa have shifted significantly. Gone are the days when investors or entrepreneurs could expect immediate 2X returns on their investments. With mounting investment costs and fierce competition, taking risks is no longer a viable option. In this landscape, securing the right petrol station […]
This week, Maggy Shino, Namibia’s petroleum commissioner, made a noteworthy announcement regarding Shell’s recent oil discoveries. The revelation includes 200 million barrels at Graff and 300 million barrels at Jonker, considerably lower than earlier estimations. Estimates Take a Dip In 2022, Upstream reported a surge in Graff’s recoverable oil resources to 400 million barrels, with […]
With the rising emphasis on environmentally friendly fuel alternatives, many petrol station owners are contemplating the integration of Compressed Natural Gas (CNG) into their services. This decision, however, warrants careful consideration. Let’s explore whether now is the opportune moment to introduce CNG at your petrol station. Firstly, it’s crucial to assess the local demand for […]
Starting a petrol station business in Tanzania involves dealing with a lot of paperwork, which can take up a good amount of time and sometimes feel a bit tricky. Especially when it comes to business licenses and permits – it can be a real puzzle! But don’t stress! This guide has got all the info […]
If you’ve ever wondered, “Do I really need a business plan?” you’re not alone. Many business owners struggle with understanding why a business plan is important. It can seem like just another task to check off the list, especially when you don’t fully grasp the benefits. You may even finish your business plan and feel […]
HARARE, ZIMBABWE -Energy companies have struck a significant natural gas deposit in northern Zimbabwe, near the country’s border with Mozambique and Zambia. The Zimbabwean government anticipates that the discovery, if effectively harnessed, could alleviate the nation’s dependence on costly imported energy. Zhemu Soda, Zimbabwe’s Minister of Mines and Mining Development, heralded the breakthrough in the […]
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