Reuters: Tanzania News

WRAPUP 1-Huge finds make East Africa the next big gas source

Wed, 16 May 2012 13:38:36 +0000

* ENI finds another giant gas field off coast of Mozambique

TABLE-Results of Tanzania 5-year T-bond auction

Wed, 16 May 2012 12:45:29 +0000

DAR ES SALAAM, May 16 (Reuters) - The Bank of Tanzania issued the following results for a five-year treasury bond auctioned on Wednesday for a total amount of 30 billion Tanzanian shillings ($19.02 million). Following are the results: FIVE-YEAR TREASURY BOND AMOUNT ADVERTISED: 30 billion shillings AMOUNT TENDERED: 31.63 billion shillings AMOUNT ACCEPTED: 15 billion shillings WEIGHTED AVERAGE PRICE: 80.2209 shillings WEIGHTED YIELD TO MATURITY: 14.9344 pct CO

Tanzania gold production up 13 pct in 2011

Wed, 16 May 2012 12:26:37 +0000

DAR ES SALAAM, May 16 (Reuters) - Tanzania's gold production rose to 40.4 tonnes in 2011 from 35.6 tonnes a year ago after mining companies invested in higher output due to cash in on the rising price of the precious metal, its central bank said on Tuesday.

Kenya near to sealing more offshore oil search deals

Wed, 16 May 2012 11:20:22 +0000

NAIROBI, May 16 (Reuters) - Kenya is close to sealing a deepwater exploration contract with France's Total and has offered three other oil majors new offshore blocks, the country's petroleum commissioner said.

UPDATE 1-African Barrick ups royalty pay to Tanzania by 1 pct

Wed, 16 May 2012 07:29:46 +0000

May 16 (Reuters) - African Barrick Gold said it will pay the Tanzanian government an additional one percent in royalty, citing the current gold price environment.

UPDATE 1-BG and Ophir Energy find more gas in Tanzania

Wed, 16 May 2012 06:55:58 +0000

LONDON, May 16 (Reuters) - British gas firm BG Group and explorer Ophir Energy said they had found more gas off the coast of Tanzania, raising hopes that the East African country will become a major new gas province.

African Markets - Factors to watch on May 16

Wed, 16 May 2012 05:52:04 +0000

NAIROBI, May 16 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - EVENTS: KENYA-The central bank offers 2 billion shillings of 182-day Treasury bills at auction. UGANDA-The central bank offers 120 billion shillings of Treasury bills at auction. TANZANIA-The central bank offers 30 billion shillings of 9.18 percent 5-year Treasury bonds at auction. GL

UPDATE 1-Tanzania inflation falls again, seen stuck in double digits

Tue, 15 May 2012 13:58:02 +0000

* Analysts say inflation likely to stay in double-digits in 2012 (Adds details, analysts)

Tanzania April inflation falls to 18.7 pct -stats body

Tue, 15 May 2012 10:41:59 +0000

DAR ES SALAAM, May 15 (Reuters) - Tanzania's year-on-year inflation rate fell for the fourth straight month to 18.7 percent in April from 19 percent a month earlier after food and fuel costs decreased, the National Bureau of Statistics said on Tuesday.

African Markets - Factors to watch on May 15

Tue, 15 May 2012 05:09:35 +0000

NAIROBI, May 15 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - EVENTS: TANZANIA-Expecting April inflation data, year-on-year rate fell for third straight month in March to 19 percent. RWANDA-Expecting April inflation data, urban year-on-year rate rose to 8.18 percent in March. ZIMBABWE-Expecting April inflation data, rate slow