AGP Executive Report
Last update: an hour agoRwanda Alcohol Crackdown: Rwanda FDA has suspended imports of 14 Tanzanian alcohol brands and ordered retailers to stop selling and remove stocks while assessments continue, as part of a wider push to keep unsafe drinks off the market. Enforcement Escalation: Rwanda National Police also destroyed 470,000 litres of seized ethanol used in illicit alcohol production, underscoring tougher action against counterfeit and substandard beverages. East Africa Payments Boost: UnionPay International and Pesapal will expand card acceptance across Pesapal’s POS network, starting in Tanzania and rolling into Rwanda, adding thousands of merchant locations for tourism and everyday commerce. Banking Earnings Watch: NCBA Group reported a 12.2% rise in first-half profit to KSh12.4bn, with deposits up and an interim dividend increase, even as provisions for potential bad loans climbed. Tourism Investment Signal: WTTC says global travel and tourism investment topped $1tn in 2025, highlighting investor confidence and the sector’s job-creation pull. Regional Trade & Infrastructure: Tanzania signed Africa50-backed PPP deals for electricity transmission, renal healthcare and natural gas use, aiming to speed implementation under its development vision.
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