Tanzania: Stamigold Given 14 Days to Present Business Plan

THE Permanent Secretary (PS) in the Ministry of Minerals, Prof Simon Msanjila, has given Stamigold Company Limited a 14 day-ultimatum to prepare a business strategic plan, which will show how it will operate without depending on government funding.

The PS gave the directive over the weekend when he held talks with the board, management and staff of the state-owned company. Prof Msanjila said the government's aim was to see the subsidiary company of the State Mining Corporation (STAMICO) operate profitably and not depending on State funding.

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