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Tanzanian Common Cents
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Blog description:
Musings of a financial and economic observer
Tanzanian Common Cents is ranked:
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East Africa Investment Forum, Sept 19th, NYC
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Safaricom IPO Fever Grips the Region
The long anticipated flotation of a top Kenyan mobile phone company is expected to proceed today despite calls from some quarters to shelve the plan. Safaricom, billed as the largest and the most lucrative IPO in East Africa, will be listed on Nairobi Stock Exchange (NSE) beginning Friday March 28 and close on April 23. The flotation is seen as a
Tanzania “Ultimate Safari Sweepstakes” on CNN
In case you missed it, there are only a few days left to participate in the “Ultimate Safari Sweepstakes” to Tanzania currently being promoted via CNN and CNN.com (see http://www.cnnpromos.com/tanzania/ or www.cnn.com/topics ). Please pay close attention to the rules and terms under which you can participate. This promotion is part and parcel
EPA Scandal: Recover the Loot, just don’t Prosecute?
In the last few weeks, the Tanzanian government has come under intense pressure from the public, activists and the media to explain why it was quietly recovering money that was misappropriated under the External Payment Arrears (EPA) account operated by Bank of Tanzania (BOT), the country’s central bank (pictured left). The public demands
The 5 year $698M Compact projects identified
President George W. Bush (L) looks at Tanzania’s President Jakaya Mrisho Kikwete during the signing the Millennium Challenge Compact at the State House in Dar es Salaam February 17, 2008.(Jim Young/Reuters) The projects to be financed under the recently signed Millennium Challenge Corporation (MCC) Compact agreement have
Kenyan crisis - A threat or boon to regional economies?
Lately there has been contradictory media statements on whether the ongoing violance in Kenya would benefit or harm her neighbouring economies. However, most pundits agree that in the short-term, Kenya’s neighbours have the opportunity to rake in economic benefits from the Kenyan upheavals. The extent of this gain certainly depends on the duration of the crisis
Tanzania wins $7m damages from Biwater subsidiary
A tap which used to provide free water for the residents of Manzese Squatter area and has been closed by the private water company, City Water. This week, a London tribunal operating under the laws of United Nations Commission on International Trade Law (UNCITRAL), threw out a case against Tanzania brought
Kikwete sacks his Central Bank Governor over Corruption
Bank of Tanzania “Twin Towers” in Dar es Salaam. President Jakaya Kikwete yesterday fired the Governor of Bank of Tanzania (BOT), Daudi Balali, after an audit investigation uncovered fraudulent transactions involving the repayment of the country’s external debt. A press release from Ikulu (State House) stated that “the president has been deeply