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Exim Bank to pay Sh50 million for false credit reporting

By  Bernard James

Dar es Salaam. Exim Bank Tanzania Limited has been ordered to pay Msae Investment Company Limited Sh50 million in general damages for providing false credit information about the company to a credit reference bureau firm.

Court documents show that Exim had provided incorrect information to Credit Info Tanzania Limited that showed that the transport company had defaulted on a Sh4.9 million loan.

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