The Parliamentary Parastatal Organization Accounts Committee (POAC) has advised the government to take over the State Mining Corporation (STC) debts amounting to 1.3bn/-, to allow smooth operations of the firm after its de-specification on privatization plan.
The Committee Chairman, Mr Kabwe Zitto, said in Dar es Salaam yesterday that the government should pay the debts, as [...]
Archive for October, 2009
AUSTIN BEYADI, 3rd June 2009
Tuesday, October 27th, 2009Facelift for Mount Meru Hotel as banks sign 26bn/- loan
Tuesday, October 27th, 2009AUSTIN BEYADI, 13th June 2009 @ 00:00, Total Comments: 0, Hits: 391
Three banks yesterday signed an agreement for a syndicated term loan facility of USD 24m (about 26bn /-) in favour of Hotel Management Limited (HODI) to finance the rehabilitation and expansion of the Arusha based New Mount Meru Hotel.
The banks involved in the syndicate [...]
Arusha hotel secure loan for facelift
Tuesday, October 27th, 2009By Ray Naluyaga
After years of dormancy, Mount Meru Hotel in Arusha sets for major rehabilitation, thanks to a $24 million syndicated loan agreements signed in Dar es Salaam yesterday.
The syndicated term loan agreement signed in favor of Hodi (Hotel Management) Ltd, brought two local banks and one regional bank.
CRDB Bank leads in the syndicate financing [...]