The US-based Pula Group LLC has opened an office in Dar es Salaam with strong commitment to play key role in the green energy revolution.
The Pula Group presently holds varying licenses issued by the Tanzanian Ministry of Minerals to prospect for gold and graphite. One group of licenses is in the Kahama District in Shinyanya Region and the others are in Tanzania’s Graphite Belt.
In his remarks, Pula Chairman Ambassador Charles Stith said, “Opening this office is a statement of our continued commitment to doing business in Tanzania and we plan on making sure that Pula and Tanzania play a key role in the green energy revolution that is currently taking place,”
He added, “Tanzania’s graphite fields are among the most plentiful in the world, which potentially places it at the epicenter of the green revolution that is gaining more momentum every day,”
He said for example, in California where the company is headquartered just announced a rule requiring that all cars sold from 2035 onwards must be either e-vehicles or hybrids that means a lot of batteries and a lot of graphite.
He said opening the new office should open new doors for the Pula Group and represent an open door to potential new partners.
“Our current partnerships with Pula Graphite Partnerships and Pula Kahama Gold Partnerships represent the kind of future partnerships we hope to build across the African continent,” he said.
He said the current partnerships of bringing together African Americans and Tanzanians are unique for Tanzania and the continent.
“As an African American owned company, we view Pula’s entry into Africa as a way of getting the African Diaspora more involved in Africa that could make a huge difference in terms of Africa’s growth and development,” he said.
The African-American spending power reached 1.7 trillion US dollars in 2021. If a fraction of that is channeled to Africa, the impact would be significant.
He said Pula’s entry into the exploration space is a potential game changer as statistics show that only 4 per cent of the exploration companies in Tanzania are owned and operated by Tanzanians.
For the record, 52 per cent of the exploration companies in Tanzania are Australian and 18 per cent are Canadian.
“While we have an outstanding track record of utilizing Tanzanian companies and professionals, we look forward to establishing new benchmarks in local content,” he noted.
