Allan Olingo News

Kenya goes for $1b syndicated loan to settle debt

By Allan Olingo Kenya is seeking $1 billion through a syndicated loan over the next one month, amid warnings to the government to go slow on contracting new debt and pressure rising to settle credit maturing in the first half of the year.

The East African , Kenya Feb 16, 2019

Will Kagame reforms at African Union continue?

By Allan Olingo The exit of Rwandan President Paul Kagame as the African Union chairman has left questions about the future of reforms that he initiated, whose implementation has been stalled by dithering by the continent’s biggest economies.

The East African , Kenya Feb 16, 2019

Region’s airlines up competition with new routes

By Allan Olingo Air Tanzania will in the next two weeks start flights to Lusaka, Zambia, and Harare.

The East African , Kenya Feb 11, 2019

Shadowy firm at the centre of $180m nuts deal

By Allan Olingo Last week’s announcement that Tanzania had struck a $180 million deal to sell 100,000 tonnes of its cashewnut stockpile to a Kenyan company, Indo Power Solutions, was perhaps the best news that the farmers, who had earlier surrendered their crop to the state, received in years.

The East African , Kenya Feb 9, 2019

VW prepares for planned regional vehicle market

By Allan Olingo Automotive giant Volkswagen seems to be quietly plotting a takeover of the East African market, positioning itself for the lucrative saloon car business as the region moves towards integrating the sector.

The East African , Kenya Feb 4, 2019

New rules see multinationals give up majority stakes in TZ

By Allan Olingo In a span of four months, two major international firms in Tanzania have changed shareholding, with the majority stake going to influential ex-government officials.

The East African , Kenya Feb 4, 2019

Tigo’s Zantel buyout in last stages

By Allan Olingo Tanzania's second largest telecommunications operator is in the final stages of wholly acquiring Zanzibar Telecom (Zantel) from the United Arab Emirates’ Etisalat Group, coming barely three-and-a-half years after it bought the majority stake (85 per cent) in the telco.

The East African , Kenya Feb 2, 2019

East Africa leaders meet as trade wars, underfunding persist

By Allan Olingo East Africa's heads of state met in Arusha on Friday as a dark cloud of unresolved longstanding trade spats, tariff and non-tariff barriers and crippling financial challenges hang over the bloc.

The East African , Kenya Feb 2, 2019