AGP Executive Report
Last update: 14 minutes agoEnergy: Tanzania’s first new gas discovery in more than a decade has added an estimated 223 billion cubic feet at Mnazi Bay. The Kasa-1X well is expected to produce about 30 million cubic feet daily for at least 10 years, supporting power generation and industry. Banking: Nedbank has completed its purchase of a 66% stake in NCBA, gaining a network that includes Tanzania, Uganda and Rwanda as competition for East African customers intensifies. Industry: A regional survey found 79% of East African manufacturers operate below 75% capacity and 67% have delayed investment, citing costly finance, raw-material shortages and inconsistent trade policies. Exports: Zanzibar seaweed farmers are looking to China for new buyers, but 99% of exports remain raw, limiting value captured locally. Meanwhile, Westfalia’s Tanzania avocado programme now supports more than 350 growers and an estimated 1,000 households. Business links: Tanzania’s national and Swiss-Tanzania chambers have signed an agreement to promote trade, investment and market access for local firms.
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