Gift Opening
$200 Off MarketBeat All Access
Thanks for being one of our best subscribers! You are eligible for a limited-time discount.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
Claim Your Discount
×
Free Trial

Tanzania blocks Kenyan Airways passenger flights in response to Kenya blocking its cargo flights

NAIROBI, Kenya (AP) — Tanzania on Monday announced it had withdrawn approval for neighboring Kenya's flagship carrier Kenya Airways to operate a passenger service between the countries beginning next week.

A statement from the Tanzanian Civil Aviation authority said the move was in response to Kenya Civil Aviation Authority denying Air Tanzania the approvals it needed to operate all cargo flights between the two countries.

The statement said the ban on Kenya Airways passenger flights will start on Jan. 22.

The Tanzanian and Kenyan foreign affairs ministers later tweeted that they were engaging each other to settle the dispute amicably within three days.

The move by Tanzania is the latest trade dispute to plague the eight-member East African Community regional economic bloc.

Kenya has previously blocked the importation of milk from Uganda and farm produce from Tanzania. Tanzania has restricted importation of onions to Kenya, leading to skyrocketing prices for the essential commodity.

Landlocked Uganda is suing Kenya at the East African Court of Justice for denying government-owned oil marketer Uganda National Oil Co. a license to operate and handle fuel imports at Kenya's Mombasa port headed for Kampala.

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Fed Walking a Tightrope with Rate Cuts
Is Palantir Heading for a $50 Price Target?
Rate Cuts Fuel Volatility: How Long Could it Last?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines