The Latest

Swala Oil And Gas Tanzania Initial Public Offering Set For 9th June 2014

June 3, 2014
1 minute read

Swala Oil And Gas Tanzania Plc, subsidiary of Australian Swala Energy Limited, was authorised by Tanzanian Capital Markets and Securities Authority (CMSA) to list at Dar Es Salaam Stock Exchange (DSE) Enterprise Growth Market (EGM).

Swala Tanzania will offer to the public up to 9.6 million shares at TZS 500 per share and hope to raise up to TZS 4.8 billion.

The Initial Pubblic offering (IPO) will start on Monday 9th June 2014 and close on Friday 4th July 2014.

Swala Tanzania is an oil and gas exploration company with interests in two licences in Tanzania: of Kilosa-Kilombero and Pangani.

In addition to Tanzania, Swala Energy currently holds a number of exploration licenses of assets and subsidiary companies in Sub-Saharan Africa, including Kenya and Zambia.

According to Ernest Massawe, Non-Executive Chairman of Swala Oil And Gas Tanzania: “ Tanzania has seen considerable increase in demand for access by international oil exploration companies in recent times. The directors [of Swala] believe that following completion of the offer, Swala will be well positioned to take advantage of this heightened interest”.

Swala Oil And Gas Tanzania is a public company incorporated in July 2011.

Swala Energy owns 65.13% of the company while the rest of the shares are held by Ercon Holdings and other investors.

Want to know more about Energy in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers Energy, plus regulations, key sectors, and investment opportunities—all in one place.

Download Free Guide
Tweet
Share
Share
Share
Related Posts
Tanzania Kenya Rwanda
Read More

Tanzania Hosts Rwanda and Kenya Presidents, Signs MoUs on Tanga-Taveta SGR, Dar-Mombasa Gas Pipeline, and Scraps Non-Tariff Barriers

Tanzania hosted Rwandan President Paul Kagame on 3 May 2026 and Kenyan President William Ruto on 4-5 May 2026, signing eight MoUs with Kenya covering railways and a Dar es Salaam-Mombasa gas pipeline study, and agreeing to eliminate all non-tariff barriers by May 2026. Bilateral trade with Rwanda reached TZS 644 billion in 2025, while Tanzania-Kenya trade stood at over USD 720 million in 2024.
Dangote Tanzania Oil Refinery Pledge
Read More

Dangote Pledges 650,000 Barrels per Day Oil Refinery in Tanga, Tanzania, Linked to EACOP

Aliko Dangote has committed to building a 650,000 barrels per day oil refinery at the Port of Tanga, Tanzania, modelled on his USD 20 billion Lagos plant and to be delivered within four to five years, subject to government agreement. The Tanzania oil refinery would process crude from the DRC, Kenya, South Sudan, and Uganda, supported by a new pipeline linking Mombasa to Tanga and connecting to the East African Crude Oil Pipeline (EACOP).
Songo Songo Offshore Gas
Read More

Tanzanian-Led Consortium To Take Full Control of Songo Songo Gas Field as Orca Energy Exits for USD 10

Orca Energy Group has signed a definitive agreement to sell its entire Tanzanian gas business—including the Songo Songo gas field—to Taifa Gas Tanzania and Amber Energy Investment for a nominal USD 10, citing significant contingent liabilities and uncertain license renewal prospects. The Songo Songo gas field divestiture transfers 100% of Orca's operating assets to a buyer group led by Taifa, one of Tanzania's leading LPG companies, pending regulatory and shareholder approvals.