AGP Executive Report
Last update: 2 hours agoEnergy: Amsons Group announced a $230 million acquisition of Oryx Energies’ Tanzanian fuel business, including storage terminals and retail stations, lifting Amsons’ regional storage capacity to 800,000 tonnes. Food Processing: India’s BL Agro plans to invest $739 million in Tanzania over a decade, starting with a $158 million edible-oil plant that will source oilseeds from local farmers. Financial Services: Kenya’s APA Apollo completed its purchase of 66.7% stakes in Meticulous General Insurance and Metro Life Assurance, expanding its Tanzanian operations. Trade & Exports: A new UN convention signed by 26 countries aims to ease Africa’s $74 billion–$92 billion trade-finance gap by allowing cargo documents to support financing across road, rail, air and sea freight. Infrastructure: Tanzania secured TSh3.67 trillion for the 424-kilometre Makutupora–Isaka SGR link, and the government says it has cleared outstanding payments to SGR contractors. Agriculture: More than 350 Tanzanian avocado growers have gained access to the Indian market.
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