TAZAMA dividends impress Magufuli

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Tanzania’s President elect John Pombe Magufuli addresses members of the ruling Chama Cha Mapinduzi Party (CCM) at the party’s sub-head office on Lumumba road in Dar es Salaam, October 30, 2015. REUTERS/Emmanuel Herman

Tanzanian President Joseph Magufuli has praised the Tanzania Zambia Mafuta (TAZAMA) pipelines for declaring dividends to the two governments.

President Magufuli is impressed that TAZAMA declared dividends at a time when jointly owned firms and many parastatal companies have failed to do so.

ZANIS reports that Zambia’s High Commissioner to Tanzania Benson Chali disclosed this when TAZAMA officials from Zambia paid a courtesy call on him at the Zambian Chancery.

Mr Chali said President Magufuli, who recently received the dividend at a state function, urged state firms including the Tanzania Zambia Railways (TAZARA) to emulate TAZAMA and step up their operations as they risk being probed and penalised by state authorities for failure to declare dividends.

Recently, TAZAMA declared dividends amounting to K9 million with Zambia that holds two thirds majority ownership raking in K6 million while Tanzania got K3 million.

And High Commissioner Chali has described TAZAMA as a great success story of the continued warm bilateral relations between Tanzania and Zambia that date back to over 50 years.

Mr Chali said TAZAMA has and continues to play a critical role in Zambia’s socio-economic development through the supply of petroleum products needed to drive the country’s economic sectors.

He said Zambians should be proud of TAZAMA as it is an important and integral part in the country’s economic transformation agenda.

Tanzania Zambia Mafuta (TAZAMA) pipelines Regional Manager for Tanzania Abraham Saunyama attributed the exceptional performance of TAZAMA to the continued good cooperation between Tanzania and Zambia and the spirit of hard work and unity among the employees.

TAZAMA Senior Public Relations Officer Kenneth Kalunga is leading a team from Ndola to Dar es Salaam inspecting the company’s infrastructure that comprises a 1, 710 km pipeline and seven pump stations that pump crude oil from Dar es Salaam to Ndola ahead of the company’s 50thanniversary this September.

TAZAMA pipeline was birthed in 1968 from the visionary efforts of founding Presidents of Tanzania and Zambia, Julius Nyerere and Kenneth Kaunda to supply petroleum products to Zambia following the Unilateral Declaration of Independence in 1965 by Ian Smiths’s Southern Rhodesia, now Zimbabwe, which blocked the country’s import route of fuel from the south.

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7 COMMENTS

  1. Since Magufuli became president, he has only traveled 4 times outside the country and that was to Uganda, Kenya, Ethiopia and I believe Eriteria. Is this something our Edgar can emulate since Tanzania is developing at a faster rate than we are?

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    • These are true leaders not clowns in suits who are merely figureheads know nothing about leadership…Zimbabwe will soon surpass us again.

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    • And no other presidents goes to Tanzania anyway.
      Do you know if Mangufuli has travel sanctions or afraid of flights? Why he never attends SADC/ COMESA meetings?
      Why pay monthly lease on presidential jet you don’t use?

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    • Nostradamus since your friend stopped posting, you have started commenting wisely kikikiki. Indeed he does not attend meetings that he as president is sanctioned to.

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  2. Tanzania as of March 2018 had $5.85 billon in foreign reserves it has a population of 53 million with an annual GDP growth of 7.7% Google you’ll get your facts straight the guy simply doesn’t have to fly around begging for investment or help him pay euro bonds to put icing on the pudding Dar e’s salaam is the third largest growing city in Africa

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  3. Meanwhile, …..”TAZAMA Senior Public Relations Officer Kenneth Kalunga is leading a team from Ndola to Dar es Salaam inspecting the company’s infrastructure that comprises a 1, 710 km pipeline ….”
    Any guesses as to how much this entourage is going to cost the tax payer? The Tanzanian President has done well in resource saving, while we ‘work hard’ at finding ways to waste them.

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