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Tuesday, 20th August, 2019
 Tanzania   ::   News
Why Tanzania government threw Kenyan cashewnut's firm out
May 11, 2019
By: Amarachukwu Akaigwe

A Kenyan firm, Thika-based Indo Power Solutions Ltd which had signed a contract with the Tanzanian government in January to purchase 100,000 tonnes of stock of cashewnuts, has been thrown out of the deal, according to The EastAfrican.

Tanzania's Minister for Trade and Industry Joseph Kakunda told business media in a telephone interview that, “the firm has failed to comply with the conditions of the contract entered.”

He said, Thika-based Indo Power Solutions Ltd was obliged to make full payments within two months’ of signing the contract but was disqualified end of March for failure to meet the requirements within the stipulated time frame.

Indo Power was among several foreign companies and the only one from the region to bid for the cashewnuts tender and won.

The contract was for the purchase of a stock of raw cashewnuts from the southern regions of Mtwara, Lindi and Ruvuma.

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