FastJet Plc, seeking to establish discount flights across sub-Saharan Africa, said it will add a second international route starting Feb. 1, serving the Zambian capital Lusaka from its base in Dar es Salaam, Tanzania.
Tanzania plans to obtain a credit rating by the end of this year, after repeated delays, before raising $750 million in a debut Eurobond sale in 2014, Finance Ministry Permanent Secretary Servacius Likwelile said.
ARM Cement Ltd., Kenya’s second- largest maker of the building material, is considering selling Eurobonds to help fund a planned $300 million expansion program, Managing Director Pradeep Paunrana said.
Tanzanian President Jakaya Kikwete said his country remains committed to the five-nation East African Community even after it was excluded from recent key meetings, though he warned against fast-tracking integration.
Tanzania will spend 343 billion shillings ($211 million) over the next 12 months upgrading Dar es Salaam Port as it seeks to match the efficiency of Mombasa in neighboring Kenya, the Tanzania Ports Authority said.
Railway companies from Democratic Republic of Congo and Angola will meet to discuss linkages that would allow Congo’s mine operators to ship copper to the port of Lobito in the neighboring African country.
The city of Venice, which has been overrun by cruise-ship traffic and tourists, and New Jersey’s Hudson River Palisades are among 67 sites that need to be preserved, the World Monuments Fund said today.