AGP Executive Report
Last update: 6 hours agoDigital Payments: South African fintech Lumepay has raised $6 million and secured a $10 million capital float to expand cross-border business payments. Its platform is live in Tanzania, alongside several African markets. Regional Power: Tanzania and Zambia are pursuing a $1.2 billion electricity interconnector designed to link their grids and enable power trading of up to 500 megawatts. Infrastructure Finance: Tanzania and Kenya are exploring public-private partnerships to finance roads and other infrastructure, while Tanzania has secured $1.2 billion for railway expansion. Mining: Lake Victoria Gold has begun 6,500 metres of grade-control drilling at its permitted Imwelo project, a step toward planning initial mining. Business Growth: Tanzania’s horticultural exports have doubled in value to $569 million, with new markets opened in 14 countries. Vodacom Tanzania also reported a 183% rise in profit to TZS117.8 billion.
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