AGP Executive Report
Last update: 6 hours agoEnergy & Infrastructure: The East African Crude Oil Pipeline is about 80–84% complete, targeting July 2026 commissioning and first exports by October, with Uganda’s waxy crude set to reach Tanzania’s Tanga port (TotalEnergies lead, alongside TPDC, UNOC and CNOOC). Oil & Gas Finance: Aminex shares plunged after Ara Petroleum asked partners to amend the 2026 Ntorya gas plan, delaying first gas and drilling of Chikumbi-1. Regional Trade & Rail: Tanzania unveiled a plan to transform TAZARA into Southern Africa’s leading trade corridor, focusing on modern tech, upgraded infrastructure and stronger management. Power & Climate: Tanzania targets up to 130MW geothermal power by 2030 under Mission 300, with priority projects in Mbeya and Songwe. Banking & Investment Climate: GCB Bank MD Farihan Alhassan urged Africa to “de-risk” investment through better risk structures, not just more capital. Mining & Corporate Results: TRX Gold reported record Buckreef throughput and plant expansion milestones, while East African Portland Cement ordered Athi River land occupants to regularise by July 28 or face eviction. Business Policy: Tanzania granted newly registered businesses a one-year tax grace period to encourage formalisation, and is pushing LPG safety education via a Scouts partnership. Tourism & Connectivity: Neos launched direct flights to Tanzania via KIA, bringing 210+ tourists and boosting the northern safari circuit. Education & Skills: UDSM ranked 3rd in East Africa for graduate employability in QS rankings.
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