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