Tanzania will get 100.8b shillings from France to expand access to safe water and improved sanitation services in three regions, Dar es Salaam-based Daily News newspaper reported, citing Finance Minister Saada Mkuya.
Centum Investment Co. gained for the first time in nine days as an increased takeover offer for a Kenyan agriculture company boosted speculation that land used to grow sisal fiber will be converted for real estate.
Tanzania’s energy regulator said it’s considering expressions of interest by two companies to each build a 200-megawatt gas-fired power plant that will help reduce an energy deficit in the East African nation.
Kenya Commercial Bank Ltd., the East African nation’s biggest lender by market value, said full-year profit grew 18 percent after it reduced interest expenses by a third and regional operations contributed more.
Co. to fund 99% acquisition through cash payment of 825m shillings, issue of new shares worth 550m shillings, Nairobi-based British-American Investments Co. says in statement in Daily Nation newspaper. * Co. has units in Tanzania, Malawi, Mozambique
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.
Statoil ASA and BG Group Plc will build Tanzania’s first liquefied natural gas plant in Lindi and are due to meet with authorities about the project’s schedule and details in April, Energy Minister Sospeter Muhongo said.