AGP Executive Report
Last update: 3 hours agoEnergy: Amsons Group has acquired Oryx Energies’ Tanzanian downstream business in a deal worth more than $230 million, taking over its fuel stations, storage terminals and distribution network. Business Finance: CRDB Bank is set to receive a $75 million, 10-year FMO loan to expand lending to micro, small and medium-sized businesses. Development Funding: Tanzania says its World Bank portfolio exceeds $8.8 billion, supporting projects in energy, transport and human capital. Tourism: The US has eased its travel advisory for Tanzania to Level 2, a potential boost for a sector that earned $4.41 billion in 2025. Infrastructure: Tanzania Railways Corporation has commissioned preliminary studies for a proposed 1,000-kilometre line linking Mtwara Port with southern regions and Mbamba Bay, aimed at moving minerals and agricultural goods. Mining: The government plans to direct 10% of mining-sector non-tax revenue to geological surveys, with a target to expand detailed coverage from 16% of the country to at least 50% by 2030. Insurance: Coverage reached 26.8 million people in 2025, while gross premiums rose 68.4% to 2.55 trillion shillings.
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