AGP Executive Report
Last update: 4 hours agoAgrifood Investment: Tanzania’s East Africa Foods raised about $40 million to expand storage, processing, transport and digital distribution in Tanzania and Kenya. The investment could improve market access for up to 100,000 smallholder farmers. Transport Infrastructure: Minister Paul Makonda urged timely completion of Mwanza North Port’s expansion, which is expected to let it handle five vessels at once, and ordered two completed ferries into service. The ferries cost TSh28.7 billion and are intended to improve trade and access for island communities. Energy Partnerships: Saudi Arabia signed an energy cooperation agreement with Tanzania covering oil and gas, renewables, electricity and clean hydrogen, as Tanzania also took part in international talks on energy security. Investment and Jobs: Prime Minister Mwigulu Nchemba said Tanzania is targeting $15 billion in annual foreign investment to support industrialisation and youth employment. Green Finance: Tanzania is seeking up to $41 million through the Global Environment Facility to fund biodiversity conservation, climate resilience and land restoration.
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