Tanzania

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IPTL Power Firm Put Under Receivership

The legal battle involving Independent Power Tanzania Ltd (IPTL) shareholders VIP Engineering and Marketing Company Ltd and Mechmar Corporation ended recently after the High Court of Tanzania ruled in favour of VIP Engineering and placed the power produc ...

Daily Headline - global.abi.org - 04/13/2010 - 15:29 - 0 comments

InterChem Pharma Placed Under Receivership

InterChem Pharma Ltd, the Moshi-based pharmaceutical firm owned by media mogul Benjamin Mengi, has been placed under receivership over a large debt accrued from Barclays Bank Tanzania Ltd., The East African reported. The firm, which three years ago a ...

Daily Headline - global.abi.org - 04/13/2010 - 15:29 - 0 comments

IPTL Placed Under Receivership

The High Court yesterday placed the Independent Power Tanzania Limited (IPTL) under receivership, pending determination of winding up proceedings by its minority shareholder, VIP Engineering and Marketing Limited, the Daily News reported. Judge Kathe ...

Daily Headline - global.abi.org - 04/13/2010 - 15:29 - 0 comments

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