According to paints manufacturer’s Board, the Group has been adversely affected by difficult market conditions in all the subsidiaries in Tanzania, Uganda and Rwanda and especially Tanzania
The firm’s Chief Executive Officer Rakesh Rao said Crown Paints will continue to invest in setting up of ultra modern showrooms across the East African region
According to Crown Paints CEO Rakesh Rao, prices of raw materials have gone high with some some shooting up by over 100% since July last year
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