Tanzania Gives Chinese Firm Conditions for Bagamoyo Port

The government of Tanzania has issued an ultimatum to the Chinese investor in the $10 billion Bagamoyo port project to either accept and work with its terms and conditions of the contract or leave.

Tanzania Ports Authority chief executive Deusdedit Kakoko said the government rejected and revised five stringent demands made by the investor - Beijing-based China Merchants Holdings International - because they were not beneficial to the country.

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