Listed manufacturer Crown Paints has shifted its Tanzanian offices from Dar-es-Salaam to Arusha as the firm moves to slash its operating costs by about Sh7 million annually in the loss-making subsidiary.
Crown Paints CEO Rakesh Rao said in an interview with Business Daily that the company is now paying Sh150 ($1.5) per square metre in Arusha, down from Sh500 ($5) per square metre previously paid in Dar es-Salaam.
