SUMMARY: A foreigner can acquire a building materials company in Tanzania by following 6 steps. 1. Get someone knowledgeable to point you a few companies that are willing to sell out. 2. Do a due diligence by first requesting for official search report from Registrar of Companies (BRELA) and tax status from Tanzania Revenue Authority (TRA). 3. Arrange a cold call to the directors of the company. 4. Ask for appointment and meet them up to discuss the deal. 5. Do the contract. 6. Get a consultant to register the transfer of the company to you and effect payment simultaneously.
Acquiring a local building materials company is one of the suggested ways that a foreigner can use to enter Tanzania building materials (hardware) market. Others are setting up a company in the country, direct/indirect export, forming joint venture, franchising and forming a strategic alliance.
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 Kessy Juma is the founder of Miamia Trading Company (miamiatz). He is a Techpreneur with roots in accountancy. He believes that any business is good as long as it caters to the right market using the right strategy. 
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