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’s government wants commercial banks to cut their lending rates to less than 10 percent within the next year and plans to reduce its reliance on domestic funding sources, Vice President William Ruto said.
Gasto Ufiteumukinza spent 12 years in prison for murdering more than 30 people during the Rwandan genocide. Today, he lives among the families of those he killed, many of whom, he says, have forgiven him.