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.
Investors are awaiting evidence that Zambia’s efforts to shore up its currency will succeed as the government starts marketing a Eurobond, sub-Saharan Africa’s first sovereign international debt sale this year.
Moody’s Investors Service’s positive outlook on Cyprus’s credit rating “is an indication that we are on the right track,” said Christos Patsalides, permanent secretary of the Cypriot Ministry of Finance.
The Kariba Dam, which spans the Zambezi river between Zambia and Zimbabwe, is in danger of collapsing if no repairs are made within the next three years, Newsday newspaper reported, citing Zambia’s Finance Ministry Permanent Secretary Felix Nkulukusa.
Clashes between anti-government protesters and police in Bangkok killed five people and wounded at least 65 yesterday, as the opposition edged a step forward in legal efforts to oust Prime Minister Yingluck Shinawatra.
Tanzania may delay its debut Eurobond until its next fiscal year after a delay in getting a risk assessment by Citigroup Inc. slowed the issuing of credit ratings, Finance Ministry Permanent Secretary Servacius Likwelile said.