AGP Executive Report
Last update: 3 hours agoBanking: Nedbank has completed its acquisition of a 66% stake in NCBA, which operates in Tanzania and other East African markets, deepening the South African lender’s regional reach. CRDB Bank, meanwhile, secured $111 million in financing to support MSME lending and affordable housing. Energy: Amsons Group has agreed to buy Oryx Energies’ Tanzanian fuel business, including its distribution network and storage assets. Tourism: British Airways will launch three weekly London–Kilimanjaro–Zanzibar flights in May 2027, opening a new direct link to key visitor destinations. Insurance: Tanzania’s premiums jumped 68.4% to Sh2.55 trillion in 2025, driven largely by health insurance, though only 39.3% of the population had coverage. Mining and manufacturing: The government is urging local firms to tap a Sh5.1 trillion mining procurement market; a new Bagamoyo wire-mesh plant aims to supply mines and reduce imports.
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