A Tanzanian firm has acquired a 50 per cent stake in a giant public telephone company in the Democratic Republic of Congo.
The firm, Lucent Communications, concluded the deal in Kinshasa late last week under which it will invest more than 300m dollars.
The joint venture, to be trading as Sematel, is the biggest single investment by a Tanzania firm outside the country and will be implemented in two phases.
Samsung, one of the leading electronics companies in the world, has said it is contemplating to start mobile phones assembling plant in the country.
The company’s Human Resources Development Vice- President, Tae-gyu Shin, said recently in Dar es Salaam that political stability the country was enjoying had attracted them to eye Tanzania for investment.
The Suguti property is situated in the Lake Victoria Gold Field approximately 60km south of the town of Musoma, and is covered by one. Prospecting Licence (No. 337/95) which covers an of 150 sq km....
