AGP Executive Report
Last update: 9 hours agoIMF Boost for Tanzania: The IMF approved an immediate $443.9m disbursement (about 1.17tri/-) after programme reviews, citing solid growth and low inflation, while warning fiscal and monetary pressures need tighter control. Mining Revenue Reinvestment: Tanzania is moving to reinvest 10% of mineral revenues into exploration to improve geological data and guide investment, with Longido among the areas targeted. Anti-Graft Push in Zanzibar: Union and Zanzibar governments are tightening ethics and anti-corruption frameworks, including ethics commissions and updated laws, reporting billions recovered in recent cases. BoT Crypto Rules: The Bank of Tanzania says it is finalising regulations for cryptocurrencies and virtual assets to protect investors and curb illicit-linked risks. Energy Project Delayed: Tanzania’s $420m gas-to-liquid plant is on hold pending assurance of natural gas supply, as TPDC prioritises gas for electricity generation. SIM Fraud Crackdown: Investigations point to dishonest SIM registration agents secretly registering cards to fuel phone fraud networks, with police already seizing SIMs and arresting suspects. Air Tanzania Route Expansion: Air Tanzania is shifting eastwards after Europe route losses, adding Dar–Moscow via Zanzibar and planning more services to Muscat, Dubai, Mumbai and China. Raxio Enters Tanzania: Pan-African data centre operator Raxio raised its funding pool to $380m and is expanding into Dar es Salaam with carrier-neutral facilities. Regional Trade & Infrastructure: Congo approved a deal with Portugal’s Mota-Engil to rehabilitate the Lobito copper rail corridor, aiming to cut mineral transport times. East Africa Oil Refining Race: Aliko Dangote confirmed Lamu, Kenya for a major refinery, with regional job and fuel-supply expectations spilling into Tanzania’s energy conversation.
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