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foreign investors

Why France is Concerned by  Foreign Investors Challenges in Tanzania

Tanzania
  • In their letter dated June 26th, 2024, High Commissioners and Ambassadors from 10 countries expressed their dissatisfaction with how the Tanzania Revenue Authority (TRA) handled taxation issues related to investors from their countries.
  • The French Embassy acknowledges the contribution to attracting and expanding quality international investment into Tanzania.
  • Tanzania has attracted a stock of over $3.87 billion of investments from India, with a total of 675 projects and over 61,000 jobs delivered, making India one of the Top 5 investors in India.

Foreign Investors Challenges in Tanzania

“We are writing to express our concerns regarding both recent and ongoing challenges faced by foreign investors in Tanzania,” said a letter by a group of Ambassadors representing the United States, the United Kingdom, the Kingdom of Netherlands, France, Belgium, Canada, Korea, Sweden and Germany obtained by The Exchange, in part.

According to the letter addressed to January Makamba, Minister of Foreign Affairs …

Kenya’s business activities of significance

Investing

East African Breweries Plc is seeking to raise KSh11Bn shortly after they retired their KSh6Bn Medium Term Note (MTN) on the 28th of June. (The early redemption was averred as part of their balance sheet and costs of funds optimization).

The five-year tenure - with an interest rate of 12.25 per cent p.a. - was in line with our projection of a near term corporate bond issue.

The rationale behind this was the contemporary high costs attached to the alternative sources of income against the backdrop of the pandemic impact on the macroeconomic environment.…

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