Mekatilili
JF-Expert Member
- Oct 16, 2011
- 1,613
- 1,382
Keep talking sh*t and thinking TZ doesn't have intellectuals. The ONLY reason Kenya's economy is bigger & more advanced is TZ chose the wrong system(Ujamaa.) The Japanese used to look down on China too as if they were stupid; now they're sh*tting in their pants. North & South Korea are the same people, but I bet you geniuses from Kenya would attribute the huge disparity in their economic development to S. Koreans being more intelligent, instead of the real reasons(Free Market+democracy Vs communism+oppression) Now that TZ has some semblance of freedom & stability, it's only a matter of time before her economy becomes bigger than Kenya for she's a bigger country, has A LOT more resources, and a bigger potential for a lot more to be discovered. Just one example of recent discovery, read this February article from worldoil.com(Their planned investment alone is bigger than half of Kenya's GDP)
BG Group to invest $20 billion in Tanzania gas exploration
BY GEORGE MWANGI
NAIROBI -- BG Group plans to invest up to $20 billion to extract gas in Tanzania, The Guardian newspaper reports Wednesday.
BG Chairman Robert Wilson is quoted as having told Tanzanian President Jakaya Kikwete that Tanzania has to prepare its economy to handle such an amount of money.
"We are planning to invest between $10 billion and $20 billion in second half of this decade in gas and the Tanzanian economy," Wilson is quoted as saying.
BG has discovered huge reserves of natural gas in three wells, including a deepwater one, in the Indian Ocean, the daily says.
The firm has invested $500 million in gas exploration in the country last year and it will invest the same amount this year, Wilson said.
Wilson called on the government to join efforts to counter challenges in exploration and production of gas in the Indian Ocean, especially in dealing with pirates originating from Somalia, the daily says.
BG entered Tanzania last year with the purchase of 60% of Ophir Tanzania Ltd., which had a contract with the government and the Tanzania Petroleum Development Corp. for exploration of gas in the Indian Ocean, the daily says.
Dow Jones Newswires
TZ has had all sorts of natural resources for years but have nothing to show. Only 4% of the earnings from mining remains in Tanzania. Your mines are practically owned by South African, European and American firms. I feel sorry for you guys!