Swedish firm moves Sh253bn Malindi power plan to Tanzania

[RVtitem]

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http://www.businessdailyafrica.com/news/Swedish-firm-moves-Sh253bn-Malindi-Tanzania/539546-4134062-3qyewe/index.html

[Kim Jong-Un's Pajama Pants]

Looks like they are worried about a white elephant.

[RVtitem]

Looks like they are worried about a white elephant.

Precise. It smells like a trojan horse. The much sought after mzungu investor thugs wanted to acquire coastal land in the name of so-called green energy, and in the process displace people.

They may not be lucky with Tanzania either, Magufuli is on a rampage over dubious signed deals such as this.

http://m.ippmedia.com/en/news/magufuli-orders-ban-any-more-dubious-power-deals

[Georgesoros]

Africa is a tough place. Someone wants 10% to introduce you to the boss and then land has become a commodity, that's just before you submit plans to NEMA -10%, then another 10% for the local politician so he can keep away thugs. That's why investors shy away, unless it is something like IT.