Tanzania: Top Entreprenuer Invests U.S.$300 Million

Dar es Salaam — Tony O. Elumelu, the Chairman Heirs Holdings, who control the Transnational Corporation of Nigeria Plc (Transcorp), is looking to invest in new power projects.

The group recently invested $300 million in Nigeria's largest power plant, located in Ughelli, Delta State during the Nigerian government's recent power privatization process.

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