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Tanzanian billionaire Rostam Aziz says his Sh16 billion Taifa Gas LPG terminal in Mombasa's Dongo Kundu SEZ will open in coming months, breaking a duopoly that controls 98% of Kenya's cooking gas imports.
Rostam Aziz's Taifa Gas Tanzania has agreed to acquire a 49 percent stake in the Songo Songo gas field as Canada's Orca Energy exits for $10.
This reflects a major step in his effort to expand LPG supply across East Africa while easing long-standing pressure on the region’s energy infrastructure.
Rostam Aziz clears legal hurdle for $130.5 million Mombasa LPG terminal, boosting Kenya's regional energy supply.
Rostam Aziz’s Mombasa LPG project faces court challenge over alleged environmental harm, coral disruption, and lack of community consultation.
The project, presently underway within the Dongo Kundu Special Economic Zone, signals a significant milestone for Taifa Gas as it expands its operations beyond Tanzania.
In collaboration with Delta Marimba, Aziz’s Taifa Gas will establish Zambia’s first LPG plant in the northern part of the country.
Thirteen firms are vying for licenses to build berths for handling gas imports in Kenya, two months after Aziz was granted a license.
Aziz was named the first dollar billionaire in Tanzania by Forbes in 2013.
The license sets the stage for a billionaire brawl between Aziz and Mohamed Jaffer
The freezing of his statutory licenses could lead to a trade spat between Kenya and Tanzania.
Aziz was reportedly the first Tanzanian to have a net worth of more than $1 billion, according to Forbes.