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WorldPosted at: Oct 7 2017 5:10PM


Tanzanian president splits energy and mining in ministry shake-up

DAR ES SALAAM, Oct 7 (Reuters) Tanzanian president John Magufuli split the energy and minerals ministry in two and appointed heads for the new ministries on Saturday, five months after sacking the previous minister.
Two presidential committees had recommended the move to tighten supervision of natural resources in Tanzania, where Magufuli has sent shockwaves through the mining community since his election in 2015 with actions he says are aimed at ensuring that the African country benefits from its natural wealth.
The country passed new laws in July to increase mining taxes, to force companies to re-negotiate their contracts and to allow the state to own up to 50 per cent of mining firms.
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