Tanzania will ease controls on foreign ownership of its stocks and bonds by next year as the country seeks to attract investment to finance infrastructure projects that will cost billions of dollars, President Jakaya Kikwete said.
Tanzania may reconsider the proposed introduction of a super-profit tax on natural gas production after gold miners criticized a similar measure recommended three years ago, President Jakaya Kikwete said.
FastJet Plc will raise 15 million pounds ($25 million) from share sales to help fund its African expansion, with EasyJet Plc founder Stelios Haji-Ioannou injecting cash in a deal giving him 10 percent of the business.
Tanzania’s energy regulator said it’s considering expressions of interest by two companies to each build a 200-megawatt gas-fired power plant that will help reduce an energy deficit in the East African nation.
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.