Cotton output in Tanzania, Africa’s fourth-biggest producer of the fiber, may drop 30 percent this year after lower prices discouraged growers and pesticide distribution was curbed, the Tanzania Cotton Board said.
The Forest Stewardship Council ended its contracts with Danzer Group after accusations that the Swiss wood-processing company’s former subsidiary engaged in human- rights abuses in the Democratic Republic of Congo.
Tanzania plans to boost cargo volumes by 80 percent over the next two years at the Dar es Salaam Port by adding railway links and upgrading facilities to improve efficiency, Transport Minister Harrison Mwakyembe said.
The Daily Monitor, Uganda’s biggest independent daily newspaper by readership, accused the government of harassment after police raided its offices and halted broadcasts by two affiliated radio stations.
National Bank of Kenya Ltd. will raise as much as 10 billion shillings ($119 million) in a rights offer to fund an expansion plan as it seeks to quadruple revenue by 2017, Managing Director Munir Sheikh Ahmed said.