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.
Kenya is sending 412 people, mostly Somalis, to refugee camps in a security operation that human- rights groups have urged the government to halt because of reports of ethnic discrimination and sexual harassment.
Foreign aid has long been one of the most unpalatable dishes on the federal plate. Why should U.S. taxpayers give billions of dollars to ungrateful countries that will waste it and whose people don’t like America anyway?
As bullion gains this year after the biggest annual plunge in more than three decades, there’s little that’s stopping some producers reopening shuttered mines or reviving stalled projects - not even a plague of spiders.
Emerging-market stocks dropped the most in a month after data showed a decline in Chinese lending and the weakest money-supply expansion on record, adding to concern about a slowdown in the world’s second-largest economy.
Kenya’s shilling weakened to its lowest level in more than six months as intervention by the East African nation’s central bank failed to stem increased demand for dollars from gasoline and manufacturing companies.
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.