East Africa: Tanzania Firm Cleared to Buy Kenya Oil Unit

Nairobi — Tanzania’s energy firm Lake Oil is set to acquire the petroleum retail business of Hashi Energy in Kenya. The acquisition will add to Lake Oil’s existing gas distribution business in Kenya. “It is notified for general information that the Competition Authority of Kenya has authorised the proposed acquisition of the retail petroleum business […]

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Hashi Energy to sell its retail business to Tanzanian firm

Local oil marketing company Hashi Energy is in the process of selling all its petrol stations to Tanzania’s Lake Oil Ltd. Hashi Energy, which is among the largest oil firms in the country with interests across different segments of the industry, has got approval from the Competition Authority of Kenya (CAK) to sell its retail […]

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Opinion: The struggle for East Africa’s oil

The struggle over East Africa’s oil and gas exports is heating up. At stake are potentially billions of dollars in revenue and control of strategic pipelines. Oil was discovered in commercial quantities in Uganda and Kenya fairly recently and both countries wish to become oil exporters. Tanzania, which has significant oil and gas reserves, also […]

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East Africa mega projects reduce by half in 2016: Deloitte Report

Africa’s mega infrastructure spending in 2016 dropped by Sh5 trillion to Sh33 trillion following tough global macroeconomic conditions resulting in lower growth forecasts. This is according to a new report by Deloitte which states that construction projects that had broken ground by 1 June 2016 – and are valued at Sh5 billion or higher – […]

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