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.
Maurel & Prom provided a market update on Thursday regarding its recommended cash acquisition of Wentworth Resources, solidifying its long-term collaboration with the Tanzania Petroleum Development Corporation (TPDC). The agreement, structured as a call option for TPDC, allows TPDC to increase its ownership by up to 20% in the production interest—a pivotal development in the […]
In recent times, the East African region has become a key export destination for lubricants and petroleum products, thanks to increased industrial activities and a growing middle class. The surge demand has led to the need for healthy competition and quality assurance. Establishing Standards and Policies To ensure fair competition in the importation of base […]
Entrepreneurs, by nature, possess an optimistic outlook, a necessary trait in the business world. However, recent research sheds light on a significant challenge – sales and financial predictions are accurate only 28% of the time. In this article, we explore the reasons behind this dilemma and provide practical insights on using this information for improved […]
The International Energy Agency (IEA) has some eye-opening news about African natural gas – it’s about to experience a significant growth spurt. The IEA’s recent report predicts an annual acceleration of 10% in gas production from 2022 to 2026, a stark contrast to the 2.5% average growth seen between 2011 and 2021. This surge is […]
Uganda, a vibrant country in East Africa, has a growing market for lubricants – those essential oils that keep our vehicles and machines running smoothly. Let’s dive into the world of Uganda’s lubricants industry, understanding its size, key players, and the challenges it faces. Market Size and Sectors Every month, Uganda’s lubricants market handles a […]
Rwanda’s lubricant business is getting bigger because the government is helping important areas like industry and construction. Economic zones in cities are also growing, bringing more investments and making the lubricant market go up. What’s Happening: The future of the lubricant business looks good because the economy is growing in important ways. The government […]
Once upon a time in Iringa, a savvy investor decided to grow their petrol business by opening a new station. Excited about the expansion, they aimed to save money, especially when it came to buying fuel pumps. The investor’s journey took an unexpected turn when they opted for a company offering pumps at a super […]
Establishing a successful petrol station in Tanzania requires careful planning and adherence to local regulations. The first step is to secure a suitable location, ensuring it is easily accessible to potential customers and meets all necessary zoning requirements. Once the site is identified, entrepreneurs must obtain the appropriate business licenses and permits from the local […]
Tlou Energy, a natural gas company, has reached a milestone with sustained gas flow rates at the Lesedi 3 and Lesedi 4 production pods in Botswana. Both pods have achieved an initial sustained gas flow of 20,000 Mcfd, steadily progressing towards reaching a commercial flow rate. The company also reported a planned decrease in water […]
CAPE TOWN, Nov 27 (Reuters) – Mozambique has approved an ambitious new energy transition plan until 2050, hoping to attract investments of some $80 billion to boost renewable energy capacity and increase electricity availability, a senior energy official said on Monday. Mozambican President Filipe Nyusi is expected to officially present the energy strategy to international […]
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