DODOMA, May 30 -- THE government has advised the Kagera-based Tanganyika Instant Coffee Public Limited Company (TANICA) to seek a capital injection from the Tanzania Agricultural Development Bank (TADB), as it earlier recommended.

The Deputy Minister for Industry and Trade, Exaud Kigahe said in Parliament yesterday that the government had received TANICAs request for 8.0bn/- in capital.

This amount was subsequently reduced to 5.0bn/- after an analysis of the capital requirement to boost the companys operations.

The government then advised TANICA to pursue a loan from TADB. “The board and management of TANICA should proceed with the governments advice.

They should go to TADB and ask for a loan,” the Deputy Minister said in ...