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DIB reveals reasons behind 145bn/- payment delay

THE Director of Deposit Insurance Board (DIB), Mr Isaack Kihwili on Wednesday revealed factors contributing to delay of execution of decree of 145bn/- payments, including possible decision of authorities in America to withhold large sum of FBME Bank Limited on money laundering suspicion.

Firm to pay Sh10 billion for firing their CEO

The High Court has ordered two brothers and directors of the Dar es Salaam Cement Co. Limited to pay their chairman and managing director, Mr Pardeep Hans, over Sh10 billion.

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