Tanzania’s government has laid out plans to kick start the construction of a delayed $30 billion liquefied natural gas project in 2023 as talks with interested companies resume. In an address to lawmakers, Minister of Energy Medard Kalemani said construction is expected to take about five years. Plans for...
(This is a transcript of the podcast posted on Monday, May 31st 2021. You can listen to the podcast by clicking on this link: https://open.spotify.com/episode/5Fywfw2gGqK3VK72Zu3Jof?si=cF9tgqY0Q5Kh_6964ZoIGA&nd=1) Welcome to The Weekly Beat by Mansa with your hosts, Arnold Segawa, Maggie Mutesi, and...
As economies across the continent slipped into recession in 2020, Tanzania reaped from its policy of not imposing COVID-19 related restrictions and nationwide curfews, recording the fastest economic growth in Africa. According to the World Bank, Tanzania’s economy grew by 2% in 2020 and Mara Warwick, World Bank country...
In November, Ethiopia’s Prime Minister Abiy Ahmed – a Nobel Peace Prize winner – shocked the world when he ordered a military invasion in the country’s northern region of Tigray. Abiy justified the decision as “necessary to maintain the authority of the federal government” at a time when the country...
When Joseph Gitile started his soap manufacturing business in 2017; he was exuberant and very optimistic that within a few months he would be Kenya’s next millionaire. In January, reality dawned, and he had to painfully shut down his business after accumulating millions of shillings, not in profits – but...
Compounded by crises in the north with the fighting in Tigray and a simmering land dispute with its western neighbor which threatens to spill over into a full blown war, Ethiopia’s president Sahle-Work Zewde took a much-needed break from mitigating multiple conflicts to visit another Eastern African in a...
Sudan’s government has accused Ethiopian troops of entering its territory, further escalating a dispute over land that straddles their border. In a statement, the Foreign Ministry said, “Sudan strongly condemns the aggression carried out by Ethiopia, in which its forces entered into territories that legally belong to Sudan.” It...
Kenya will raise more money from foreign than domestic sources, as it restructures its debt portfolio to take advantage of growing appetite for high-yielding debt. The National Treasury said it is seeking to raise $1.13 billion in sovereign bonds in the next four months and an additional $1.14...
Kenya Airways has received a government bailout worth $92 million, as part of efforts to prop up the national carrier after the COVID-19 pandemic hurt global aviation over the last financial year. The airline, which is majority owned by the government with Air France-KLM holding a small stake, secured $76...
