Dear Extended Family,

Dubai’s meetings have concluded and I am now in Dar es Salaam.

Every time I arrive in Tanzania you can see conditions continually improving. As I write this to you I am looking out the window of my hotel over the port of Dar with ships lined up for many miles. They are awaiting their turn to enter the off-loading facilities which seem to keep growing and growing.

Today I meet for breakfast with my associates to outline our strategy for many important projects at hand.

In the early days I would be on a very bumpy road to my home at Bahari Beach. I loved it but Barbara called it the Flintstone House. Obviously, I was the one who picked it out. Now the road is first class and the travel time to reach it is cut down by nearly 75%.

Tanzania is very special to me as you all know. It really feels good to be home. After my meeting today in Dar I am off to Mwanza.

I want to make a note of the thought process here. Any shares traded on the Dar Stock Exchange carries no capital gains tax for Tanzanian people.

I will keep you posted as I make my way into the African bush and a very comfortable, well connected camp.

Respectfully,
Jim