AGP Executive Report
Last update: 3 hours agoEnergy Investment: Tanzania says it is opening electricity generation and distribution further to private investors, with plans to expand supply and export power to neighbouring markets. Russia’s Rosatom also says it is in advanced talks with Tanzania on floating nuclear power stations; no deal has been announced. Trade and Transport: Tanzania and Angola signed cooperation agreements to link rail corridors between the Atlantic and Indian oceans, aiming to strengthen regional trade. Natural Gas: A new 223-billion-cubic-foot gas discovery in Mtwara could add to the country’s reserves, as the government grants TPDC fresh exploration licences and expands its role in existing operations. Banking: CRDB Bank Group reported a 29.1% rise in nine-month profit to Sh672 billion, pointing to strong earnings growth at one of Tanzania’s largest lenders.
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