31 December 2012

Tanzania: Mwanza Firm to Drill Wells On Credit

MASWI Drilling Company Limited plans to spend 2.5bn/- in 2013 to solve water problems in parts of the country that are hard hit by scarcity of water by introducing a new scheme of drilling boreholes and wells on loan.

The company's Finance and Administrative Manager, Mr Michael Maungo, told reporters yesterday that the scheme of drilling boreholes on credit will be unique in the country.

"I believe that this programme will be new not only in the country but also in neighbouring countries such as Kenya and Uganda," said Mr Maungo. He observed that the company's management is optimistic that they will be able to deliver, noting that they will also be able to create employment through their planned projects for the coming year.

The company has also secured funds from various sources to build capacity of its employees as the management called on people to take up the opportunity to own their own boreholes and wells through the credit scheme.

According to Mr Maungo, the company has also spent 10,000 US dollars to pay a Canadian firm to come in the country and train Maswi Drilling Company Limited experts on water diagnosis prior to kick starting the project. In order to enhance efficiency, he added, the company also plans to have in place an underground water research unit.

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