Tanzania Plans to Set up Sovereign Wealth Fund For Major Gas Discoveries

- August 2nd, 2012

Reuters reported that Tanzania, which has gas reserves of 28.9 trillion cubic feet, plans to set up a sovereign wealth fund for major gas discoveries in the southern parts of the country.

Reuters reported that Tanzania, which has gas reserves of 28.9 trillion cubic feet, plans to set up a sovereign wealth fund for major gas discoveries in the southern parts of the country.

As quoted in the market news:

Tanzania, which is east Africa’s second-biggest economy could see an increase in revenue of up to $3 billion a year from gas exports, according to the World Bank.

Click here to read the full Reuters report.

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