Friday, January 31, 2014

Tanzania, Finland sign mineral research MoU

Minerals and Energy Minister, Prof Sospeter Muhongo
 Goverments of Tanzania and Finland on Wednesday signed a Memorandum of Understanding (MoU) to conduct researches to identify availability of minerals in the Southern parts of the country.

Under the agreement between the Geological Survey of Tanzania and a Finland based Geological Survey agency, it is expected that the sector in the country will be improved for socio-economic development.

Giving remarks after signing the MoU in Dar es Salaam, Minerals and Energy Minister, Prof Sospeter Muhongo said the government has entered the agreement with the Finnish agency so that it can learn from Finland and improve the geological sector in the country.

He said Finland has a lot of experience in the mineral sector and it is an opportunity for local experts to learn from them.

According to him, the country is still short of power but the government is aiming to migrate from the use of hydroelectric power to the use of natural gas, solar power and bio-energy.

He called on investors to invest in the energy sector in the country, saying it still needs more power to speed up economic growth.

Prof Muhongo added that investments in power transmission and distribution are also open for investors.

Earlier on, Prime Minister of Finland, Jyrki Katainen said that relations between the two countries have been good since 1960’s.That is why investors from Finland are operating in various sectors in the country.

The Finnish Premier said research and the use of technology are important aspects of industrial development.

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