Wednesday, January 05, 2011


Dowans saga continues....

Dar es Salaam 

NEW evidence has emerged about the state of indebtedness of the controversial Dowans Tanzania Limited company, which came close to selling its second-hand 100-megawatt turbines to the state-owned Tanzania Electric Supply Company (TANESCO). 

Official company documents show that the listed shareholder of Dowans Tanzania Ltd, Sulaiman Mohammed Yahya Al Adawi, signed legal papers with Barclays Bank Tanzania Limited acknowledging a debt of $20m.

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