#investments

According to TechTrends KE, South African firms have announced over Sh400 billion in acquisitions, raising questions about their investment focus on Kenya. This trend is attributed to Kenya's economic growth, as East Africa is reportedly outperforming many larger African economies. The recent transactions indicate a strategic interest in the region by South African companies.

Allen Onyema, the Chairman of Air Peace, has urged Nigerians to think about pulling their investments from South Africa due to ongoing xenophobic attacks against African migrants. His call comes in light of repeated incidents that have raised concerns about the safety of Nigerians and other Africans in South Africa.

The Central Bank of Tanzania has projected a GDP growth of 6.3% for 2026 and 6.6% for 2027, driven by public and private investments as well as exports. According to its latest Monetary Policy Statement for 2026/27, key sectors contributing to this growth include agriculture, mining, tourism, and construction. Inflation is expected to rise but will remain within the target range of 3-5%.

Tanzania's 2026/27 budget is set at TZS 62.33 trillion (USD 24 billion), reflecting a 10.3% increase from the previous year. The budget aims for a 6.3% GDP growth, with 74.2% of funding sourced from domestic revenue as grants decrease by 39.1%. Key measures for investors include reducing the deemed profit-distribution tax from 30% to 15%, a one-year income tax holiday for new businesses, and VAT exemptions on specific sectors.