Eastern Energy Tanzania
The first company in the group, Eastern Energy Tanzania, used to manage a number of Petrol Filling Stations.
Eastern Energy Tanzania is now an importer, distributor and retailer of tyres and automotive batteries.
The AfDB estimates that real GDP growth for Tanzania is projected to rise to 5.3% in 2023 and 6.3% in 2024, driven by the sustained recovery in tourism and gradual stability in supply and value chains.
Inflation is projected to increase to 4.7% in 2023 due to higher food and energy prices before moderating to 4.0% in 2024 due to better agricultural performance.