Start-up nation: What is it that Tanzania isn’t doing right?

What you need to know:

  • The Tanzanian guys had managed to woo the investors to take interest. And they were genuinely interested – they spent almost Sh200 million just to be sure that things were the way their partners in Tanzania had told them they are. They were completely sold on the idea – and the deal was that a significant portion of the business was to be given to the Tanzanian team for their troubles. The amount to be invested was tens of millions of dollars!