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United Kingdom

Omar Mohammed

Bharti Airtel to give Tanzania bigger stake in local telecoms firm

11 Jan 2019

DAR ES SALAAM, Jan 11 India's Bharti Airtel has agreed to give part of its stake in Airtel Tanzania to the government, raising the East African nation's holding in the mobile phone operator to 49 percent from 40 percent, the president's office said on Friday.

Kenya's Ascent Capital looks to raise $120 mln for second fund

07 Dec 2018

NAIROBI, Dec 7 Ascent Capital, a Kenyan private equity firm, is looking to raise $120-150 million in its second round of funding for investment in Rwandan and Tanzanian firms, it said on Friday.

Ethiopia overtakes Dubai as top feeder of air traffic to Africa

28 Nov 2018

NAIROBI Ethiopia has overtaken Dubai as a conduit for long-haul passengers to Africa, highlighting the success of the state airline's expansion drive and the reforms of its new prime minister.

Ethiopia overtakes Dubai as top feeder of air traffic to Africa

28 Nov 2018

NAIROBI, Nov 28 Ethiopia has overtaken Dubai as a conduit for long-haul passengers to Africa, highlighting the success of the state airline's expansion drive and the reforms of its new prime minister.

Under pressure from Western donors, Tanzanian leader prefers Chinese aid

27 Nov 2018

NAIROBI Tanzanian President John Magufuli, who has faced threats in recent weeks from Western donors to cut off aid in response to human rights concerns, said on Tuesday he prefers assistance from China, as Beijing imposes fewer conditions.

Ethiopian Airlines steps up hunt for African connections

23 Nov 2018

NAIROBI/ADDIS ABABA Ethiopian Airlines is accelerating its strategy of weaving a patchwork of new African routes to soak up traffic on the continent and fly customers towards its more lucrative flights to rapidly expanding Asian markets.

In Tanzania, a bulldozer president tests donors

23 Nov 2018

NAIROBI The soldiers started fanning out in the cashew nut growing regions of southern Tanzania - a jolting sight for traders and, campaigners say, a watershed moment for a country once held up as a darling of development groups.

Tanzanian cashew price hike could lead to global shortage, traders say

15 Nov 2018

NAIROBI Tanzania's plan to buy the country's entire 2018 cashew nut crop could lead to a global shortage, with processors in Vietnam and India likely to be hit first, traders said.

UPDATE 2-Sluggish credit flow imperils Kenya's economic growth -Equity Group

05 Nov 2018

NAIROBI, Nov 5 Kenya might be unable to sustain its economic growth rate of about 6 percent per annum due to poor credit growth caused by a cap on commercial lending rates, the chief executive of Equity Group said on Monday.

African billionaire returns home unharmed after release by kidnappers - police

20 Oct 2018

DAR ES SALAAM/NAIROBI Africa's youngest billionaire, snatched a week ago off the street outside a luxury hotel in Tanzania, has returned home unharmed after being released by his kidnappers, police said on Saturday.

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