REPORT - ESTABLISHING PRESENCE IN .

Following your letter dated June 22, 2009 offering to use our services to sound out several in Tanzania for possible negotiations with the purpose of acquiring majority shares, I left for Dar-es-salam on Sunday the 28th .6.2009. On Monday the 29 th .06.2009 I met the following:-

1. Africa Banking Cooperation. (ABC)

I met Mr. Israel Chasasa the man in charge in Dar-es-salam. The is publicly listed Zimbabwe and Botswana. IFC has 10% operated in Zimbabwe, Botswana and Tanzania. They have plans to expand in Africa. For ease of operations the Group Chief Executive Daglas Munatsi operates from Johannesburg South Africa.

2. of Africa.

Based in Nairobi started operations in Tanzania in 2005. It took over the 1st African bank in 2006 with 10 billion now worth 100billion in Tanzania, made a profit of 1.7billion Tanzania shillings. The C.O in Kenya is Isaa Awondo.

3. .

It is a locally owned bank. It has branches in , and Dar-es-salam. Some shares are held by pension funds but they would welcome a partner. UBA tired but things did not work out. They are willing for negotiations and looks promising.

I knew the Chief Executive fairly well. We had met earlier on business.

This bank worked with us while I was in the East Africa Community and still continues. It has been growing steadily.

On Tuesday 30 th .06.2009. I met the following:-

4. .

Met the Chairman of the MAC group Mr. Yogash Manek. They operate in Comoro. They have 16 branches. He was willing for discussions according to him, discussions and meeting serious people are always helpful. N/B. I had to leave in a hurry as I had lost a relative and hence did not meet the Executive of Akiba bank. I will meet them when we go to negotiate.

Comment.

In my view Azania should be given priority followed by Exim bank. They are ready when notified and date of discussion agreed upon.

Thank you.

N. Amanya Mushega.