Taifa commits C$11.52 million investment in Tembo

Taifa, a Tanzanian civils and mining contractor, has entered into a binding letter of intent for a C$11.52 million financing commitment in Tembo, consisting of three stages of share subscriptions and warrants. The investment includes mining services contracts.

“TAIFA is the largest locally-owned civils and mining contracting business in Tanzania with prominent companies such as Petra, De Beers, Barrick, and AngloGold Ashanti as partners.”taifamining.co.tz

• 1 source
• taifamining.co.tzTaifa Strategic Partnership and Investment - Taifa - Civil and Mining SectorJan 29, 2025

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