Tanzania plans to obtain a credit rating by the end of this year, after repeated delays, before raising $750 million in a debut Eurobond sale in 2014, Finance Ministry Permanent Secretary Servacius Likwelile said.
The Canadian federal minister overseeing projects to develop C$50 billion ($48 billion) of mineral deposits said he’ll use lessons learned from aboriginal protests to temper resistance that has slowed other projects.
United Parcel Service Inc., the world’s biggest package shipping company, is using data from customers, drivers and vehicles in a new route guidance system that will save time and money and reduce fuel burn.
Madagascar takes a step toward returning to democracy and ending its international isolation as voters began casting ballots in the first presidential election since a 2009 military-backed coup stalled the economy.
Moody’s Investors Service downgraded about $1.1 billion of debt for the operator of State Highway 130, a toll road near Austin, Texas, saying “the project will have insufficient cash to meet its debt service payments due in June.”