Tanzania: Omani Firm to Give Atcl 160bn/ - Boost

AIR Tanzania Company Limited (ATCL) resurgence plans have been given a fresh impetus by an Omani investment consortium which plans to inject 100 million US dollars (about 160bn/-) in the ailing national airline.

The investment, announced last week, is a result of President Jakaya Kikwete's state visit to the Sultanate of Omani in October last year, where he wooed investors from the gulf state.

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