Swala Oil and Gas Tanzania is seeking to raise $120 million (over Sh250 billion) to finance material transaction after recently acquiring an exploration block in Burundi. PHOTO|FILE
What you need to know:
The Dar es Salaam Stock Exchange-listed company announced last month that it acquired Surestream Petroleum (Burundi) Limited which had a 100 per cent working interest that covers portions of the northern end of Lake Tanganyika, in Burundi.
