The government last week declared illegal the growing trend of pricing goods and services such as real estate for Tanzanians in US dollars.

Tanzania on Thursday raised the price of petrol and kerosene at the pump and marginally lowered that of diesel, citing a weaker local currency and swings in international energy prices.

Statoil and co-venturer ExxonMobil today announce its fifth discovery in Block 2 offshore Tanzania.

Pavilion Energy Pte Ltd has entered into an agreement to purchase 20% interest in Tanzania Blocks 1, 3 and 4 from Ophir Energy plc for a consideration of US$1.288 billion.