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Tanzania tycoons inject billions into Kenyan ventures
Tanzanian tycoons with briefcases bursting with cash are buying top Kenyan firms or establishing ventures in high-growth and capital-intensive sectors where they are challenging Kenyan billionaires.
In deal making and investment flows, this is how transactions have gone, at least when it comes to East Africa.
A top Kenyan firm or tycoon with fat cheque jets into Tanzania to set shop or buy a struggling company as a strategic investor with an eye on gaining a larger share of the East African market.
