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Tanzania Says Tim Draper Can Sell Resort Stake, But Island Land Is State-Owned

Tanzania Says Tim Draper Can Sell Resort Stake, But Island Land Is State-Owned

Tanzanian authorities said investor Tim Draper may sell his interest in Lupita Island’s luxury resort, but the 110-acre island’s land remains state property. The clarification underscores local property rules governing foreign investment.

Original headline

Tanzania Says Tim Draper Cannot Sell Lupita Island