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Taifa Gas signs deal for stake in PanAfrican Energy

A section of the Sh16 billion Taifa Gas project in Dongo Kundu Special Economic Zone, which is 80 percent complete expected to be completed by March 2026. 

Photo credit: Pool

By  John Mutua

Business Reporter

Nation Media Group

Tanzania’s Taifa Gas has inked an agreement to acquire a 49 percent stake in one of the country’s largest gas producers, PanAfrican Energy.

The deal will follow the exit of Toronto-listed Orca Exploration in PanAfrican Energy, which has been operating the Songo Songo gas field since 2001.

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