Tanzanian newspaper The Guardian reports its country’s government plans to hand over General Tyre East Africa to Tanzania’s National Development Corporation (NDC) in response to what it calls the “hard conditions” imposed by shareholder Continental AG. The country’s Industry and Trade Minister, Dr. Cyril Chami, is reported as saying talks with Continental, who holds a 24 per cent share in General Tyre East Africa, failed to reach a suitable conclusion. He attributes this lack of success to conditions Continental wishes to impose, such as restricting General Tyre’s activities to its domestic market and just two export destinations – Uganda and Burundi – and that the Tanzanian tyre maker should pay back its outstanding US$3.321 debt to Conti. Continental’s alleged lack of investment plans for General Tyre is another given factor.