George Obulutsa

Tanzania economic growth to rise steadily

Tanzania is expected to increase its rate of economic growth this year from last year's 7,3% and to get inflation below the average 2007 level of 7% by mid-2009.

Foreigners to pay 10% premium for Safaricom

Foreign investors buying Kenya's Safaricom stock will pay a 0,5 shilling premium per share over the five Kenya shillings that domestic investors will be paying, the government announced on Wednesday. The offering generated over ,25-billion in bids from established institutional investors, Kenya's privatisation commission said.

Hopes fade for 65 feared drowned in Tanzania mine

Hopes faded on Sunday for 65 miners feared drowned in Tanzania after floods swept through a remote gemstone mine near Mount Kilimanjaro. Manyara regional commissioner Henry Shekifu said six bodies had been recovered and that 59 workers were missing after the disaster near the northern town of Mererani.

Kenyans hail power-sharing laws but see problems ahead

Kenyans on Wednesday hailed the passing of laws needed for a power-sharing deal to end a deadly post-election crisis but worried about bitter debates ahead as discussion turned to sharing out posts. The rare conciliatory mood among the country's lawmakers elated many Kenyans. But there were few illusions about the difficult days ahead.

Annan to leave Kenya after coalition deal

Mediator Kofi Annan said on Saturday he was giving up day-to-day responsibility for reconciliation talks in Kenya after securing a deal to end its worst crisis since independence. President Mwai Kibaki and opposition leader Raila Odinga signed a coalition government pact on Thursday intended to bring to a close two months of violence.

Kenya post-election death toll nears 500

Kenya opposition leader Raila Odinga said on Monday he had called off protests because a "mediation process" to resolve the political crisis that has killed nearly 500 people was about to begin. "We are now assured that the mediation process is about to start," Odinga told reporters after meeting United States envoy Jendayi Frazer.

Media: President Kibaki losing Kenya vote

Kenyan President Mwai Kibaki trailed his main rival on Friday in the race to lead East Africa's biggest economy for the next five years, according to early tallies by local media. Partial results from three main television stations all gave opposition challenger Raila Odinga a strong lead over his former ally.

Stormy end to Kenyan election campaigns

Kenyan police fired teargas to disperse stone-throwing supporters of the country's main presidential contenders on Monday after the candidates made a final push to win votes in a race deemed too close to call. Scuffles briefly flared shortly after President Mwai Kibaki and his opposition challenger, Raila Odinga, addressed huge rallies in the capital.

Quarter of Tanzanians ‘to have electricity by 2013’

Tanzania will boost the proportion of citizens with access to electricity to 25% by around 2013, the country's energy minister said on Friday. Only about 10% of Tanzania's 40-million people currently have access to electricity, and the government plans to focus its efforts on the poorest living in rural areas.

World urged to focus on Africa’s success stories

News items on disease, conflict and corruption in Africa are crowding out positive stories of burgeoning economies on the continent, speakers at a global technology and design meeting said this week. Many African economies are booming and attracting interest from people keen to invest in them despite hurdles such as bad roads, erratic power supply or insecurity, they added.

Six beheadings blamed on sect shock Kenyans

Villagers found heads placed on poles and body parts scattered in bushes in six murders the media blamed on Tuesday on an outlawed sect notorious for killing and extortion. People in the country's central region found the heads and other remains after attacks on Sunday and Monday.

Burundi, last rebel group sign ceasefire

Burundi and its last remaining rebel group signed a full ceasefire on Thursday, a crucial step towards stabilising a nation trying to rise from the ashes of a 12-year civil war. President Pierre Nkurunziza and Forces for National Liberation chief Agathon Rwasa signed the deal in Dar es Salaam in the presence of South African mediators and African leaders.

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