reference is made to the tech-long packaging machinery ltd (tech-long) posting on the web that they have won an award against one products & bottlers ltd (a-one).
we wish to inform the general public that although it is true that an award has been made by china international economic and trade arbitration commission (cietac) in favor of techlong as regards their counter-claim in a dispute between two companies regarding the supply of 3 complete units of 24,000 bph lines for csd instead of new and as per tech long standard amounting to us$ 7,143,579.00 with 3% spare parts of approximately us$ 210,000
the matter is still sub-judiced in Tanzania before the high court of Tanzania, commercial division. in these proceedings a-one is challenging the enforceability of foreign award after it has spent us$ 7,143,579.00 for purchasing 3 complete units of rusted and corroded complete units of 24,000 bph (photos are attached with this article) along with spares of approximately us$ 210,000.
we also wish to inform the general public that a-one has filed a case in high court of Tanzania commercial division vide commercial case no. 105 of 2017 against techlong. a-one is claiming us4 4,485,362.509 the case is sub-judice in the court of law.
reference is made to the tech-long packaging machinery ltd (tech-long) posting on the web that they have won an award against one products & bottlers ltd (a-one). we wish to inform the general public that although it is true that an award has been made by china international economic and...read more
Novetexmoque, a MeTL Group company based in Mozambique, participated in the agriculture fair held on 25th October, 2012 in Namialo. The fair represented morethan 70 small and large-scale companies. President Armando Emilio Guebuza in his chat with the Novatexmoque staff insisted,...read more
The Ventures Africa Magazine has named Mr. Gulamabbas Dewji number two in the list of top richest Tanzanians. Mr. Dewji is reported to have a fortune of T Shs 896 billion equivalent to 560 Million Dollars obtained from manufacturing and trading business. He started in the 1970s...read more
Rand Merchant Bank (RMB) has arranged a $100 Million syndicated loan facility to Mohammed Enterprises Tanzania Limited (MeTL). The loan will facilitate MeTL’s trade in commodities into and out of Africa. The loan is syndicated together with other banking partners,...read more