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.
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.
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.
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.
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.
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.
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.
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.
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.
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.