When entrepreneurs of Simon Group bought shares of Usafiri Dar es Salaam (UDA) in 2009 by acquiring a 76.7 per cent stake the bus firm had 20 buses but four years down the lane they are operating with slightly over 500 buses.
Speaking in a telephone interview yesterday, UDA CEO Robert Kisena said that the company entered an agreement with the government on the share sale, and he does not expect the government to claim back the shares due to pressure from outsiders.
“We do not have a problem with the government,” he said, emphasizing that those raising claims about the share sale were engaged in speculation and should not be entertained.
If there was any problem on the transaction it would have been raised in the intervening period, not when the company is successful and some people start cavorting it.
He rejected as absurd efforts to determine whether the sale was authentic, as in legal terms that effort is time barred, and thus if it is coming up now, there would be an auxiliary reason for that concern.
“Does it sound in the mind to look for authenticity by now and yet when the UDA shares were acquired by this company it had only buses operating in the city, and now are boasting of having over 500 buses, and that is when some people start getting interested?” he demanded.
The UDA sale issue made headlines when Transport Minister Dr Harrison Mwakyembe presented the ministry’s budget estimates on Monday this week, with MPs demanding clarification on the share status of the company, starting with John Mnyika (Ubungo, CHADEMA).
No comments:
Post a Comment