Jump to navigation

Vol 3 (AAC) No 9

Published 1st July 2010


Choose your poison

The shadowy joint venture between Angola's state-owned oil company and the nebulous China International Fund has reached a new stumbling block in its three-year-old pursuit of a major stake in Tanzania's national airline. Infrastructure Minister Shukuru Kawambwa announced on 29 June that negotiations with China Sonangol had reached a stalemate over Air Tanzania Corporation Limited's (ATCL) debt obligations and that the government would have to look elsewhere. Yet sources at the talks tell Africa-Asia Confidential that the two sides are actually very close to signing a deal and that Kawambwa's statement was simply a final show of dissatisfaction. Formed after the breakup of the East African Community in 1977, Air Tanzania has struggled ever since. Its performance is far behind that of Tanzania's privately-owned Precision Air, which has teamed up with Kenya Airways in a code-sharing deal.

End of preview - This article contains approximately 832 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.