• Acacia investors will receive 0.168 new Barrick shares for each Acacia share held
• Minority shareholders will be entitled to special dividends from the sale of Acacia exploration properties

The buyout offer has been described by Acacia's CEO Peter Geleta as the "best possible outcome". The buyout offer was spurred by the Tanzanian government's

Key View

• At Fitch Solutions, we believe that Tanzania’s economic growth outlook has deteriorated owing to expected weakness for the agricultural, consumer and extractive sectors 
• In the longer term, we believe that the economic outlook faces major downside risks as a result of a deteriorating business environment.
• We have cut our 2019 and 2020

Key View

• At Fitch Solutions, we expect Tanzania’s current account deficit to widen in the coming quarters given a growing trade deficit.
• Export receipts will weaken in the coming months as a result of low gold prices and uncertainty in the mining sector, as well as the government’s difficulty selling on its high stocks of cashew inventory.
• Mea

Key View

• At Fitch Solutions, we believe that recent decisions and policies passed by President John Magufuli’s ruling Chama Cha Mapinduzi (CCM) party will further damage relations with donors and dampen investor confidence.
• The change to the Political Parties Act of 1992 will likely lead to concern by international organisations about rising

Key View

• Tanzania risks damaging its relations with key development partners the EU and World Bank due to policy positions adopted by the government.
• A crackdown on LGBT groups and activists has led the EU to consider withdrawing financial support. Key multilateral institutions have also questioned changes to the country’s statistics

Key View

• We expect the Bank of Tanzania (BoT) to keep the discount rate and statutory minimum reserve (SMR) ratio on hold at 7.0% and 8.0% respectively in Q418 and 2019.
• The BoT will face competing pressures. Inflation will pick up to 5.4% in 2019, limiting the window for further interest rate cuts, while slow output growth will militate

Key View

• Tensions relating to Tanzania's southern neighbours Malawi and Mozambique have the potential to pose risks to regional stability in the coming years.
• While the border dispute at Lake Malawi (known as Lake Nyasa in Tanzania) is unlikely to escalate, risks are increasing with Malawi's upcoming election in 2019.
• Meanwhile, increasing

• We expect Tanzania's monetary policy to remain relatively loose in the coming quarters given slow credit growth, but forecast no further easing or hiking.
• Inflation will remain on target for 2018 but will begin to rise from Q119.
• We do not anticipate any monetary policy changes until the new monetary policy framework is adopted, given that the

Key View:

- We forecast the fiscal deficit to rise to 3.5% of GDP and 3.8%, in fiscal years (FY) 2018/19 and FY2019/20, respectively, from an estimated 2.9% in FY 2017/18.

- The government is likely to increase spending in FY2018/19 as larger development projects progress.

- Expenditure growth is likely to outpace revenue growth, despite

The Latest: The Tanzanian government has banned exports of unprocessed grains such as maize and sorghum in order to curb food inflation and increase output in the agro-processing industry. Squeezed crop supply in the country after a drought has seen food prices shoot up in recent months.

Food Inflation Will Level Out As Supply Improves

Tanzania -