THE Tanzania Revenue Authority (TRA), has recovered about 289.5m/- unpaid tax through public auction of properties owned by Kabanga Inn Limited, it has been revealed.
The auctioned properties were for the water producing factory, adding that the highest bidder, M/s Kabanga Bottlers Limited offered 370m/-. He paid 100 per cent of the amount.
One of the directors for Kabanga Bottlers Limited, Mr George Kabantega, said the company will continue to produce natural spring water.
“We are determined to push ahead the industrialisation agenda and support efforts by the Fifth Phase Government under President John Magufuli.
The new owners will purchase modern machinery and increase job opportunities,” he said. Kabanga Inn Limited is owned by the late businessman cum politician, Christopher Ngaiza
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