Tanzania pledges to enhance business partnership with investors  

DAR ES SALAAM: THE government has pledged to continue collaborating with investors and strengthening business partnerships to ensure they are productive and beneficial to the country.

This commitment was made in Dar es Salaam by the Treasury Registrar, Nehemia Mchechu, during a visit to Puma Energy aimed at discussing investment and partnership matters.

 During the meeting, Mchechu revealed that Puma Energy is jointly owned by the Government of Tanzania and private investors, with each party holding a 50 percent stake.

Mchechu stated that Tanzania will continue to implement economic reforms and improve the utilization of its resources to ensure the country benefits significantly, including through the products and services offered by Puma, particularly in the energy sector.

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“We will continue to reform and enhance the use of our resources to ensure the nation benefits to the fullest. We want to see companies like Puma Energy doubling their profits and revenues through more efficient energy use,” Mchechu said.

On his part, the Global Director of Puma Energy, Marc Russel, expressed his pride in the company’s presence in Africa, particularly in Tanzania, which he described as a key location with vast investment opportunities.

Meanwhile, the Director of Puma Energy Tanzania, Fatma Abdallah, noted that Tanzania leads in revenue and profits among the countries where the company operates. She also emphasized that Tanzania is a strategic country for Puma, and the company is committed to enhancing mutually beneficial partnerships.