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ACACIA Issues Update on the 2nd Presidential Committee Findings


Further to release of the 2nd presidential committee findings, ACACIA has issued an update as response to the implication of the committee’s report. Here are highlights of the statement which was published by the Dar Stock Exchange website:

·         The company refutes the findings of the second presidential committee

·         The company claims that they have been paying all the taxes

·         The company claims that 96% of its employees are Tanzanians

·         The company remains open to further dialogue with the government

However the statement says nothing regarding to the legality of ACACIA’s operations in Tanzania. It should be remembered that, the presidential committee indicated that ACACIA is not registered in Tanzania – a statement which questions the legality of ACACIA’s operations in the United Republic of Tanzania.
The statement can be accessed on: http://www.dse.co.tz/sites/default/files/ACACIA-%20Update%20on%20the%202nd%20Presidential%20Committee%20Findings.pdf

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