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Saturday, February 25, 2023 –Tanzanian billionaire, Rostam Aziz, is expanding his LPG gas business to the neighbouring Kenyan market.
President William Ruto on Friday, February 24, unveiled the new LPG plant in Mombasa County owned by one of the several companies owned by billionaire Aziz of Taifa Gas.
“We are keen on increasing the per capita consumption of Liquefied Petroleum Gas (LPG) at the household level by implementing incentives that promote its use,” President Ruto stated.
These changes are meant to disrupt the LPG space, with consumers and analysts hoping that the increased competition could, as usual, bring down the cooking gas prices which have hit the roof.
Millions of Kenyans use LPG for cooking and commercial purposes, but the prices are not regulated by the Energy and Petroleum Authority EPRA, leaving consumers vulnerable to rogue profiteers.
Taifa Gas is the largest LPG supplier in Tanzania with 35 plants and storage facilities spread across mainland Tanzania and Zanzibar.
Our background check established further that, the 58-year old Aziz is one of Tanzania’s most respected entrepreneurs and has interests spread across sectors including energy, mining, telecommunications and real estate.
Additionally, Aziz is also a former politician, having represented Igunga constituency as an MP between 1994 and 2011.
In 2013, Forbes estimated his net worth to be over $1 billion.
