East African tea producers lobbied their governments to scrap value-added tax on domestic sales to help stimulate prices through increased consumption after higher output pushed auction rates to the lowest in 13 years.
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.
The Ugandan unit of South African utility Eskom Holdings SOC Ltd., which manages plants generating almost half of the East African nation’s electricity, said it wants more than double the capacity it runs in the country.
Kenya deployed more security forces in Mombasa after an Islamist militant leader was gunned down in the port city as the police arrested hundreds more people in connection with a blast in the capital, Nairobi, two days ago.