Billionaire Tim Draper’s $7.9 million Tanzania island sale faces government ownership clarification

Billionaires.Africa 01 Sep Botswana

Billionaire Tim Draper’s $7.9 million plan to sell his investment in Tanzania’s Lupita Island has drawn a government clarification: the island itself remains state-owned. Draper’s stake is tied to the luxury resort and investment rights held by Firelight Safaris, subject to Tanzanian law.

Aggregated from the leading newsrooms of the country. Every story links to its original source.