# Taifa invests C$11.52 million in Tembo Gold

Taifa, owned by Tanzanian tycoon Rostam Aziz, committed C$11.52 million in a three-stage financing to Tembo Gold, with mining services contracts and board representation.

- Type: Investment
- Announced: 2023-11-30
- Where: Tanzania
- Value: $8.50M (11.5M CAD)
- Status: announced
- Products: mining services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Tembo Gold](https://endata.com/companies/74089.md)
- [Taifa](https://endata.com/companies/74088.md) (investor)

## Sources

- [lakevictoriagold.com](https://lakevictoriagold.com/investors/taifa-investment/), 2023-11-30: "Taifa’s investment will take place in three stages."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.