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Precision air IPO update

Tanzanian airline presicion air has reserved a 49% stake for foreigners in its upcoming initial public offer, but retains a tight grip of a 51% controlling stake which is strictly preserved for tanzanians.. While kenya airways already holds 49% in the airline under current shareholding structure, kenyans will have to fight it out with other foreigners for a piece of the 49 % stake on offer.

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