Is natural gas the new gold in Tanzania?
The government announced in June that it secured $30 billion in foreign investment. The aim is to build a Liquefied Natural Gas plant to help to develop the economy.
Tanzania鈥檚 government is now preparing to build a Liquefied Natural Gas plant to process its vast natural gas. This comes after President Samia Suluhu Hassan said her administration had attracted $30 billion in foreign investment. Once it鈥檚 been liquified, the gas which forms naturally underground over many years, is expected to be exported to countries in Europe and Asia. The government say this will create thousands of jobs and help to ease some of the financial burdens on Tanzanians who鈥檝e been dealing with hikes in fuel prices. In April prices across the nation hit a new record high.
Presenter: Alan Kasujja
Guests: Modestus Lumato and Salum Awadh
Podcast
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