Article: Tanzania: Chinese Firm to Acquire 49 Percent Stake in Air Tanzania.

Byline: pinto03

The Tanzania government is quietly holding talks with the Chinese Development Bank with a view to selling its 49 per cent share in the troubled Air Tanzania Company Ltd to a private Chinese firm.

Investigations by The EastAfrican have found that the deal will see Hong Kong-based China Sonangol International Holdings Ltd buy shares in the airline and inject funds in order to buy brand-new aircraft.

Sonangol is also expected to fund the operations of the airline, which is currently struggling to regain its reputation and position in the regional and international market.

Reliable government sources told The EastAfrican ...

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