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Dr Mwinyi faults Masterlife Microfinance over illegality


Dr Mwinyi faults Masterlife Microfinance over illegality
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Dr Mwinyi faults Masterlife Microfinance over illegality
ZANZIBAR government has withheld a total of 4.79bn/- from the owner of Masterlife Microfinance Company for allegedly running financial business illegally.
Zanzibar President Dr Hussein Ali Mwinyi announced this yesterday at the State House when speaking to journalists, noting that through that business, the firm has already received 38.5bn/- from 39,000 people.
Dr Mwinyi said: “I’m aware that since March 4, when the government withheld the money it caused mayhem to the public particularly to people who were in that business and some have started receiving loans from this bank. But, I want to make it clear that the company is being accused of not having valid legal permits of collecting money from the public. ” ....

Hussein Ali Mwinyi , Licensing Agency , Masterlife Company , Zanzibar President Dr Hussein Ali Mwinyi , State House , Business Registrations , Tanzania Revenue Authority , நிலை வீடு , வணிக பதிவுகள் , தான்சானியா வருவாய் அதிகாரம் ,