Taifa Gas has entered into an agreement to acquire a 49% stake in PanAfrican Energy, a significant gas producer in Tanzania.

• Taifa Gas will acquire a 49% stake in PanAfrican Energy, while Amber Energy Investment will take 51%.
• Key players in the deal include Tanzanian company Taifa Gas and Canadian-listed Orca Exploration.
• This acquisition comes as Tanzania plans to sign a deal for a $42 billion liquefied natural gas (LNG) plant.