14 December 2022
Eastern Africa
PM Abiy Awarded ‘Outstanding African Leadership Award’ In Recognition of Green Legacy Initiative
Prime Minister Abiy Ahmed was awarded the ‘Outstanding African Leadership Award’ in recognition of the Green Legacy Initiative. Read More

Continent’s Demands Require New Sets of Skills, Forms of Partnership 
Africa’s demands are increasingly becoming more complex in nature and will require new sets of skills and forms of partnership, Economic Commission for Africa Acting Executive Secretary Antonio Pedro said. Read More

Africa Calls for Innovative Solutions to Fight Climate Change
The 17th African Economic Conference concluded this weekend with a charge to the development community and governments to take decisive actions to address climate change. Read More

Tulu Moye Geothermal Project to Receive a USD 10 Million Grant from AfDB
The African Development Bank Group approved a USD 10 million grant for the Tulu Moye Geothermal Project which would be used tie project’s drilling program. Read More

Early Christmas Gift for Horticulture Exporters as Euro Rebounds
The euro and sterling pound have strengthened by double-digits since hitting recent lows against the shilling late last September, offering a slight reprieve to fresh produce exporters while raising debt servicing costs. Read More

Beer, Beef Prices in Sharpest Rise as Kenya Fights Drought 
Prices of foodstuffs including sukuma wiki, matumbo, beef and tomatoes rose the fastest in the past 10 years to 2021, hurting Kenyan households whose incomes barely increased in the period. Read More

Donors Wired KES 12 Billion to IEBC for August 9 General Election
Donors and development partners wired more than KES 12 billion (approx. USD 97 million) to the Independent Electoral and Boundaries Commission to support the 9 August General Election. Read More

Westlands Apartment Rents the Highest in Nairobi
Westlands has the highest monthly rents for apartments in Nairobi amid high demand from middle-income Kenyans and expatriates, offering property developers lucrative returns.​​ Read More

IMF Approves USD 319 Million Climate Financing for Rwanda
The International Monetary Fund (IMF) has approved a USD 319 million loan to finance projects tackling climate change in Rwanda. Read More

Nigeria and Rwanda - First African Nations Sign the Artemis Accords - Space Forum
At the first ever U.S.-Africa Space Forum, Nigeria and Rwanda became the first African nations to sign the Artemis Accords. Read More

Government Unveils Mapinduzi Trade Fair Schedule
More   than 400 companies have registered to participate in Zanzibar Mapinduzi Trade Fair which will run from December 30 to January 13 next year as part of activities to commemorate the 59th anniversary of Isles Revolution. Read More

New Modern Abattoir Launched in Mvomero
The new modern abattoir worth USD 10 million investment with the capacity to slaughter 100 cattle and 1,000 goats per day has been launched in Mvomero District in Morogoro. Read More

Tap Heritage Resources, AWHF Urges Tanzania
Tanzania has been challenged to tap the full potential of its spectacular heritage resources. Numerous sites of outstanding universal value found in the country can immensely boost tourism. Read More

Sharp Meat Rise to Tighten Consumers’ Belt in Festive Season
The sharp rise in meat prices is expected to tighten consumers’ belts when shopping for food during festive season. Read More

Activists Urge Parliament to Fast-Track Gender Bills to End Violence Against Women, Girls
The Uganda Women's Network has urged parliament to fast- track gender bills that were recently returned to the 11th Parliament to help tackle the issue of is violence against women and girls. Read More

Museveni Charms UK Investors to Uganda
President Museveni spent the bigger part of Monday making a case for Uganda as a favourable and profitable investment destination, rallying UK investors to set up business across different sectors of the economy including agriculture and minerals. Read More

Uganda Has Moved a Step in Plugging the Skills Gap in Oil Sector
The Petroleum Authority of Uganda, the key regulator of Uganda's oil and gas resources has said the country has been able to plug the skills gap in the sector. Read More
Northern Africa
Oil Prices of the Algerian Sahara Blend on the Rise in February

The prices of Sahara Blend, the Algerian benchmark crude, rose by USD 7.30 last February, an increase of 13.3 percent compared to January 2021, supported in particular by optimism about the recovery in demand and the firm commitment of the OPEC + countries to pursue the policy of limiting oil production in order to rebalance the market. Read More

PayMint, Egypt’s Commodities Exchange Team Up to Develop Internal Financial Payment System

PayMint leverages innovative solutions to improve infrastructure of the internal trade system and support the government’s vision to safeguard small farmers and producers. Read More

British Council Hosts 42 School Leaders from MENA in the UK to Discuss Innovation in Education Leadership
The British Council recently gathered 42 of the most influential leaders in the education market from across Saudi Arabia, Jordan, Egypt, and Kuwait in the UK to explore the future of education leadership across MENA. Read More

Wadi Degla Developments to launch Club Town in Maadi
Wadi Degla Developments announced the launch of Club Town, its latest residential community with total investments of EGP 1.5 billion (approx. USD 60 million). Read More

LoveLocal Campaign Returns to Support Small Businesses During the Holiday Season
For the third year in a row, Meta is launching a social good campaign, #LoveLocal, across Instagram and Facebook to support small- and medium-sized businesses across the Middle East and North Africa. Read More

European Bank Loans Morocco's Nador Port EUR 100 Million for Construction
The European Bank for Reconstruction and Development is financing the Nador West Med is loaning EUR 100 million for the construction of the Nador West Med port in Morocco's Oriental Region, the financing aims to finalize construction work on the Moroccan port. Read More

Govt Chief Calls for New Vision to Catch Up in Water Sector
The Head of Government, Aziz Akhannouch, pleaded in Rabat for a new vision to catch up with the delay in the water sector. Read More
Southern Africa
Authorities Tipped on Boosting Forex Reserves
The World Bank says the Malawi Government has an opportunity to implement measures that can boost foreign exchange reserves by enhancing private financial flows, especially foreign direct investment and remittances. Read More

Forex Shortage Hits Local Firms
Industry players say they are struggling to import key raw materials due to the worsening shortage of foreign exchange which has forced some firms to suspend manufacturing and packaging activities. Read More

Aquaculture Sub-Sector Hailed as Next Big Thing
Minister of Natural Resources Eisenhower Mkaka has said the aquaculture sub-sector provides direct employment opportunities to over 70,000 people involved in fishing, mainly for commercial purposes, in the country. Read More

Tobacco Output to Jump to 170 Million Kilogrammes
The Tobacco Commission has said it has registered tobacco growers who are expected to grow 170 million kilogrammes of the green gold this year. Read More

South Africa
Statistics South Africa Considers Adding Self-Generated Power to Data Set
South Africa’s statistics agency is considering including self-generated power in its monthly electricity-generation data as more households and businesses reduce their reliance on state-owned utility Eskom. Read More

South Africa Business Confidence Index Rises in November
South African business confidence rose in November, helped by an increase in new vehicle sales, share prices on the Johannesburg Stock Exchange and manufacturing output, data showed. Read More

Vodacom Completes ZAR 42 Billion Acquisition of Vodafone Egypt Business
Vodacom has completed the ZAR 42 billion (approx. USD 2.4 billion) acquisition of Vodafone’s Egypt operation. This is yet another move by Vodacom’s parent in reorganising its assets under SA’s largest mobile operator. Read More

Shell Allowed to Appeal SA Order Halting Seismic Tests
Shell, Impact Africa and South African Energy Minister Gwede Mantashe were given leave to appeal a ruling that stopped the oil company from doing seismic surveys of an ecologically sensitive stretch of the country’s east-coast ocean earlier this year. Read More

Zambia and the DRC Start the Actualization of the Electric Vehicle Battery Value Chain
Zambia and the Democratic Republic of Congo(DRC) have started actualizing the electric vehicle battery value chain that the two countries agreed to embark on. Read More

Government has Released ZMK10.8 Billion for Various Developmental, Debt-Service and Operational Programmes
The Government has released ZMK 10.8 billion (approx. USD 623,000) for various developmental, debt-service and operational programmes. Read More

Beeline Telecom to Launch Operations in January 2023
Zambia is on course to get its fourth mobile operator with Beeline Telecom to launch commercial LTE-based services by the end of January 2023. Read More
Western Africa
Ghana Secures Conditional Approval for USD 3 Billion IMF Support
Ghana and the International Monetary Fund (IMF) have reached a preliminary agreement for the fund to support the economy with a USD 3 billion credit to help resuscitate it and correct fiscal and monetary imbalances. Read More

Tool to Identify Deforestation of Cocoa-Growing Landscapes Launched   
EcoCare Ghana, in partnership with Mighty Earth, has launched a tool designed to identify cocoa-growing landscapes in the country affected by deforestation. Read More

Annual Budget Estimates of Parliament Presented to House
The Annual Budget Estimates of Parliament and the Parliamentary Service for the year ending 31st December 2023, has been presented to the House. Read More

CWSA Provides 29,785 Boreholes to Some Rural Communities – Census
The Community Water and Sanitation Agency (CWSA) and other state institutions have provided 29,785 boreholes fitted with handpumps to some rural communities and small towns across the country. Read More

Lagos Assembly Passes NGN 1.768 Trillion 2023 Budget
The Lagos State House of Assembly passed a total of NGN 1,768 trillion (approx. USD 4 billion) as the state budget for 2023. Read More

Lagos Venture Capital Inflow Increases By 120 Percent In 3 Years 
Venture capital investment into Lagos state has increased to over 120 percent within three years, resulting to about USD 1.5 billion in investment from different Start-ups in the state. Read More

NCDMB Re-Strategises to Improve Nigeria’s Gas Investment
The Nigerian Content Development and Monitoring Board (NCDMB) has noted that the country’s investment in gas production was poor, saying the board has developed strategies to improve investment partnerships in the sector. Read More

Federal Govt Cancels COVID-19 Test For All Travellers
The Nigerian Civil Aviation Authority (NCAA), said pre-departure and post-arrival COVID-19 PCR tests are no longer required for all passengers coming into the country, irrespective of vaccination status. Read More
Africa This Morning is ALN’s daily newsletter that gives a round-up of the top news making headlines across Africa. It focuses on business news and any other happenings set to impact doing business and investing in the region. The above are updates and do not constitute legal advice.

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