Energy Policy & Regulation

The inaugural Tanzania Energy Investment Summit is set to take place on November 12-13, 2024, in Dar es Salaam, backed by significant partnerships from both the private and government sectors. This landmark event aims to unite stakeholders from Tanzania and the wider region's energy industry, providing a dynamic platform for networking, knowledge exchange, and discussions focused on the future of energy investments in the country. Co-organized by HBZ International and the Tanzania Association of Oil Marketing Companies (TAOMAC), the summit emphasizes Tanzania’s evolving role as a regional energy hub with a commitment to clean energy solutions and sustainable development.

With endorsements from TANTRADE and various government institutions, this summit represents a pivotal moment in Tanzania's energy landscape. Herman Zaidin, Managing Director of HBZ International, remarked on the significance of the event, highlighting Tanzania’s strategic positioning as a well-optimized energy hub poised to become a key player in the global market. The summit is expected to attract a diverse audience, including policymakers, investors, and industry leaders, all eager to explore the myriad opportunities available in Tanzania's energy sector.

Salim Baabde, Director of Camel Oil and former Vice Chairman of TAOMAC, expressed optimism about the summit’s timing, coinciding with the Sixth Phase Government's initiatives promoting clean energy cooking through the National Clean Cooking Strategy (2024-2034). This strategy aims to ensure that 80% of Tanzanians adopt clean cooking solutions by 2034. With recent advancements such as the commissioning of the Julius Nyerere Hydroelectric Project, the summit is positioned as a critical moment for attracting investments in the energy sector.

The event promises a world-class conference format, curated by an experienced Conference Committee. Participants will gain insights into Tanzania’s legal and policy landscape, investment opportunities, and emerging clean energy solutions. Raphael Mgaya, Executive Director of TAOMAC, emphasized the summit's potential as a networking platform for energy stakeholders, allowing them to engage with policymakers, financiers, and suppliers. As Tanzania’s energy industry continues to evolve, this summit aims to foster collaboration and drive investment, ultimately enhancing the country’s energy capabilities.