The company plans to sell 25 percent of new shares, and trade on the main market of the London Stock Exchange
If the loan gets approved, it will be the first time in years the World Bank will inject funds directly into Kenya's Treasury
To check inflation, the prices of food, utilities, and fuel will be monitored closely.
The acquisition will boost its market share to about 15%.
In the statement, Sebastian Mikosz said the decision was a personal one and he would leave at the end of the year.
The 13.4 million dollar deal will make room for both purchasers to make significant savings in royalties paid to Vodafone
The deal for the Bagamoyo port was signed in 2013 by the government of Magufuli’s predecessor, Jakaya Kikwete
Though the survey is yet to begin, the political oppositions are blunt in their verdict of how the president would treat any discovery.
The company says the Tanzanian government was considering issuing an EPO due to alleged deficiencies at its tailings storage facility.
Ethiopia has also suspended electricity exports to neighbouring Djibouti and Sudan.