AGP Executive Report
Last update: 7 hours agoPower Investment: Burundi has signed a 25-year, $1.4 billion electricity-distribution deal with US-backed Anzana Electric Group. Its local subsidiary, Weza Power, plans to build or upgrade 52,000 kilometres of lines, connect more than 1.2 million households and businesses, and create thousands of jobs—addressing a major constraint on industry and mining. Business Finance: Tanzania’s CRDB Bank secured $111 million in financing, including $75 million to strengthen its capital and expand lending to small businesses, and $36 million for affordable housing, including $10 million for CRDB Bank DRC. Regional Trade: Kenya is expanding Mombasa Port, with a new berth expected to add 300,000 TEUs of annual capacity, potentially improving a key trade gateway for landlocked economies. Manufacturing: Ugandan manufacturers are urging tax cuts, cheaper loans and machinery support to lower production costs and help local firms compete.
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