Tanzania: Revealed - Manji Owns 99% of Tigo Tanzania

24 February 2017

Mergers, Acquisitions and Financial Results

Dar es Salaam — Lawyers representing a British registered company associated with Mr Yusuf Manji have claimed that the billionaire businessman owns 99 per cent of telecoms company, Tigo.

Brick House Law Associates have sought the stoppage to the planned sale of Tigo shares at the Dar es Salaam Stock Market, terming the move illegal as their client was not consulted.

According to the law firm, Golden Globe International Services is the absolute majority shareholder of MIC Tanzania Limited with 34,479 shares of 34,480 shares. The remaining one share is shown as belonging to Shai Holdings.

Read the full article in The Citizen here: