A Kenyan company that signed a deal to buy $180.2 million cashew nuts in Tanzania will not be allowed to do so after it failed to fully honour an agreement, the Tanzanian government has said. PHOTO | FILE | NMG
A Kenyan company that signed a deal to buy $180.2 million cashew nuts in Tanzania will not be allowed to do so after it failed to fully honour an agreement, the Tanzanian government has said.
Little-known Kenyan company Indo Power Solutions signed an agreement with the Tanzanian government on January 30 to buy 100,000 tonnes of cashew nuts. But it did not implement provisions of the contract on time, Tanzanian Industry and Trade minister Joseph Kakunda told The Citizen on Monday.
