MTI Investment announced its expansion into the thriving tourism industry of Zanzibar. The company has signed a memorandum of understanding (MOU) with Mayai Ocean Resort AS to invest up to USD 600,000 in a beach front hotel property, and another USD 125,000 in a hotel management company. This strategic investment opportunity is being made in conjunction with and dependent on the success in raising funds from the TO1 warrants, offering
investors the chance to be a part of the region's growth story. Nestled in the Bwejuu area, just north of the popular Paje beach in Zanzibar's South District, lies this prime property that MTI Investment has signed an MOU to partner in. Boasting an impressive beach frontage of approximately 32 meters, this property is set to become the site of a beautiful 20-room hotel in its initial phase. The property's potential for expansion allows for at least two additional villas, implying at least eight more rooms could be added in the future. This investment opportunity is situated in the same district where MTI Investment's investment in Zanrec Plastics Company Ltd. is most active, highlighting the company's commitment to the region's development.