Efforts to contact Mr Mutembei proved futile as several phone calls to his phone went unanswered. Tanzania has now gone back to the drawing board and shortlisted six firms to buy its stockpile of cashew nuts. HUGE BLUFFEfforts to contact Mr Mutembei proved futile as several phone calls to his phone went unanswered. What Mr Mutembei was attempting to pull off in the commodities market was seen as a bluff. I cannot name the banks that offered these LC’s for confidentiality reasons,” Mr Mutembei said at the time.

Source: Daily Nation May 12, 2019 06:56 UTC