AGP Executive Report
Last update: 4 hours agoEnergy and Logistics: Amsons Group bought Oryx Energies’ Tanzanian fuel business for about $230 million, adding storage capacity, filling stations and a stake in the TIPER depot. Tanzania also signed an agreement to study a railway linking Mtwara, Songea and Mbamba Bay to regional markets. Industrial Investment: The Prime Minister ordered faster valuations and compensation for residents affected by the Bagamoyo SEZ, aiming to clear a longstanding hurdle to investment while protecting households. Mining: Stamico plans two gold mines and a graphite mine as its revenue grows. The government will also use mining revenue to expand geological surveys, targeting coverage of at least half the country by 2030. Power: A technical audit is investigating electricity distribution losses, while Tanzania is promoting mineral processing and technology transfer through mining partnerships. Skills and Finance: Tanzania and China agreed to strengthen vocational training for industry, while CRDB secured a $75 million, decade-long facility to expand lending to small and medium-sized businesses. Gas: Tanzania is nearing a $42 billion LNG development deal, positioning the sector as a major source of future investment and industrial growth.
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