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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Tanzanian national institutions: 2. Mwananchi Development Corporation
Author:Mwakawago, Daudi
Year:1965
Periodical:Mbioni: The Monthly Newsletter of Kivukoni College
Volume:2
Issue:7
Pages:35-37
Language:English
Geographic term:Tanzania
Subject:development corporations
Abstract:In 1960 a new development in the political field led Tanu to reexamine its stand in the economic field. Independence was not far away and sooner or later the party of agitation would have to transform itself into the party of national development. With this in mind a sub-committee of the party was formed charged with the drawing up of an economic plan for the party. One of the products of this committee and the most important at that was the birth of Mwananchi Development Corporation. It was formed and registered in August 1962 as the economic wing of Tanu. Its board of trustees has been charged with the responsibility of launching business ventures in fields of agriculture, industry, trade and similar undertakings with the view of advancing the aims of Tanu. Initial capital: £50,007. Achievements: in the building sector; subsidiaries as the M. Trading Cy, the M. Ocean Products, the M. Publishing Cy, M. Engineering and Contracting Cy, M. Machinery Distribution and M. Industrial and Agricultural Cy; also the papers 'Nationalist' and 'Uhuru'!
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