This month, President Jakaya Kikwete of Tanzania took a major step toward ensuring his country’s fiscal and economic stability by signing legislation that will help ensure revenue from Tanzania’s natural gas discoveries bring socioeconomic progress for Tanzanian citizens.

These recent gas discoveries have the potential to bring in as much as $1.4 billion per year to Tanzania — more than 10 per cent of current government revenues — within the next decade.

The new revenues could help provide basic needs for citizens such as improved primary healthcare and access to quality education.

Read the full article HERE.