An international company eyes for uranium business in Tanzania

A United States based company by the name of Spice Magic Ltd is looking for the possibility of investing in Tanzania in order to deal with business on the uranium minerals whose deposits have been recently found in some parts of the country. The company's Director, Mehboob Lilan said during an interview with the Business Times in Dar es Salaam over the weekend that, he is interested to invest in Tanzania in various areas of development, but more preferably in uranium business. He said, if the government would lisence his company to invest in uranium business, he is assured of taking risks to curb with any danger, and also to abid by the international rules and regulations set for safety as per the international standards required of handling such dangerous minerals. Lilan who owns two companies in UK, has entered in a joint venture business with a Tanzanian veteran business man Jaffer Sabodo, and he is currently looking forward to open an office in the country as soon as possible from where his investment plans would be engineered. However,

Mr. Jaffery Sabodo in an interview with an ITV television crew at his house in Upanga area in Dar es Salaam city. Seated with him on extreme right is the Chairman of the CHADEMA opposition party Mr. Freeman Mbowe, when the latter paid a visit to him.

Mr. Sobodo who is the chairman of Sobodo group of companies advised his friend with whom they were born together in Lindi town to direct part of his USD 50 million he has for the development of Pawpaw cultivation in the country. The two fiends were separated for the last 38 years since 1974 when he (Lilan) visited the country for the last time before he earlier left for United Kingdom in 1960 when Tanganyika (now Tanzania) was not yet independent. As he recalls, he left the country by a special document issued by the colonial British government. Lilan who is now in his early seventies was impressed by the way Tanzania has developed as compared as it was before independence time especially in terms of buildings, roads and schools to mention just a few. Unlike before during the time they were schooling together in Lindi, he says such things were rarely seen and Dar es Salaam city had few storey buildings which he says some have been demolished and replaced by more magnificent buildings. “I was born and grown up in Lindi town and what I can now see is indeed a spectacular look which has impressed me” he said amid great astonishment when he recalled the past. In view of this he is convinced that Tanzania is the right place to invest. Spice Magic Ltd does its business activities worldwide, and the company owns a hotel in UK where it promotes Indian foods and engages in the importation of spices and pawpaw from India to United Kingdom. The company is also involved in active socio-economic development in various areas such as communications. Apart from that,

The Director of Spice Magic Company Mr. Mehboob Lilan talking to journalists (Not in the picture) at his friend’s house at Upanga in Dar es Salaam.

Lilan calls for massive investment in education in order to empower people especially women from undeveloped countries Tanzania included so that the indigenous can play a most key role in providing skilled services to various investments taking place in the country. He says, since education matters in every sector of economy, he is able to establish scholarships in order to build the capacity of local Tanzanians to learn more from outside. He is on the view of the fact that, Tanzanians must learn English language which is globally spoken in order to achieve the country's most crucial development goals. He has insisted that, it's impossible to have people if they do not know the foreign language and as a result employment becomes difficulty in foreign firms. Spice Magic Ltd is operating in two African countries e.g Ghana and Zambia, and have other offices in Mumbai-India, Florida State in USA and in New York city.