# 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.

- Type: Investment
- Announced: 2025-01-29
- Where: Tanzania, Tanzania
- Value: $8.60M (11.5M CAD)
- Status: announced
- Products: mining services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Tembo](https://endata.com/companies/76559.md)
- [Taifa](https://endata.com/companies/74088.md) (investor)

## Sources

- [taifamining.co.tz](https://taifamining.co.tz/2025/01/29/taifa-strategic-partnership-and-investment/), 2025-01-29: "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."

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