Oil and gas explorers usually look outside East Africa’s relatively smaller financial markets to more developed markets like the United States, Canada and Europe, for funding to fuel exploration.
But Tanzania-based hydrocarbon explorer Swala Oil and Gas is going against the tide.
The company has launched a private placement in Tanzania, hoping to raise US$1.2 million. The company will use the money to collect data on the best drilling locations along its acquired blocks.
The
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