Nairobi — Kenya will waive work and business permits for investors from its neighbour Tanzania, President Uhuru Kenyatta said on Wednesday, as his counterpart made similar overtures in a thawing of often frosty relations between the two countries.
Kenya, east Africa’s biggest economy and one of its most liberal, and Tanzania, which still imposes fairly tight capital controls and is the region’s second-largest economy, have long tussled for influence.
“We would like to see many investors from Tanzania coming to do business in Kenya. And I want to say this, Tanzanian investors are free to come and do business in Kenya without being required to have business visas or work permits,” Kenyatta said during a Kenya-Tanzania business meeting in Nairobi.
