22 February 2023
Eastern Africa
First Continental Conference of Religious Institutions to be Held in Ethiopia Next Week
Ethiopian Inter-religious Council announced that the first continental conference of religious institutions will be held in Addis Ababa next week. Read More

Ethiopia’s Experience of Wheat Production Exemplary to African Countries
Ethiopia’s experience of wheat production and productivity is an exemplary for some African countries, International Maize and Wheat Improvement Center said. Read More

Ethiopian Airlines Playing Crucial Role in Accelerating African Integration
Ethiopian Airlines has been instrumental in accelerating Africa’s ambitious regional economic and trade integration, Group Chief Executive Officer Mesfin Tassew told ENA. Read More

China Releases Global Security Initiative Concept Paper
China released its Global Security Initiative Concept Paper, according to a press release issued by Chinese Embassy in Addis Ababa. Read More

Top Security Organ Approved Purchase of Telkom for KES 125
Kenya’s top security organ approved the State acquisition of Telkom Kenya for USD 1 (KES 125.6) from a UK-based private equity fund in a deal that has kicked up a storm in Parliament. Read More

Ruto, Gachagua Offices Burst Annual Budget in 7 Months
President William Ruto and Deputy President Rigathi Gachagua have burst their full-year budget in seven months, official data show, amid austerity plans aimed at reversing a past trend of borrowing to fund government operations. Read More

KPA Moves Cargo Services to e-Citizen Portal
The Kenya Ports Authority (KPA) has moved its cargo handling services to the government e-Citizen portal as the state targets to shift some 5,000 services online. Read More

Tax-Free Essential Good Imports to Fight Inflation
The government will import large quantities of rice, cooking oil, sugar, wheat and beans duty-free through the Kenya National Trade Corporation as part of efforts to tame the rising cost of essential commodities in Kenya. Read More

Tanga Port Upgrading Guarantees Cargo Safety
The major improvement of Tanga Port which has currently reached 93 percent guarantee cargo safety since the facility will no longer handle ships through stream operations. Read More

CRDB in Fresh Move to Assist Innovative Youth
In its wider efforts to enhance economic inclusion, CRDB Bank signed a Memorandum of Understanding with the Information and Communication Technologies Commission and Tanzania Commission for Science and Technology. Read More

Mafuru Hits the Ground Running at AICC
Newly appointed Arusha International Conference Centre (AICC) managing director Ephraim Mafuru pledged to use resources at his disposal to revitalise the facility. Read More

NCBA Bank Names New MD, Plans Expansion into Key Sectors
NCBA Bank Tanzania has announced its plans for expansion into key economic sectors, including FMCG, transportation, energy, and manufacturing. Read More

Hoteliers Shift Focus to Online Marketing in 2023
Hoteliers in Uganda are set to focus on online marketing and training to boost customer experience and hit huge profits in the year 2023, Jean Byamugisha the Chief Executive Director of the Uganda Hotel Owner’s Association has said. Read More

Dfcu Bank to Empower More 1,000 SMEs Through ADC Business Accelerator Program
Dfcu Bank’s Agribusiness Development Centre and Rabo Foundation have partnered with GOPA Worldwide consultants to implement two consecutive cohorts of the Business Accelerator Program. Read More

MPs Ask Government to Commit its Share of Funding to UGX 436 Billion Irrigation Project
Members of Parliament on the Environment and Natural Resources Committee have asked government to fulfil its funding obligation in the design, supply, and installation of solar water supply and irrigation project. Read More
Northern Africa
NPA to Support Sector in Reviving Recovered Plants

Kamel Belakhdar, chairman of the National People’s Assembly’s Committee on Economic Affairs, Development, Industry, Trade and Planning, said on Monday in Mascara that the NPA “will support the industrial sector in the revival of the activities of the factories taken over by the State.” Read More

Several Large Foreign Companies Want to Relocate to Algeria
Several "large-scale" foreign companies want to relocate to Algeria, following the development of the legal framework with the implementation of the new law on investment, said in Algiers, Secretary General of the Ministry of Industry, Salah Eddine Belbrik. Read More

Transportation Ministry to Fully Operate from New Administrative Capital Starting from March
Transport Minister, Kamel El Wazir, revealed on Tuesday that all the ministry’s employees will work from the new headquarter located in the new administrative capital, starting from March 2023. Read More

Egypt Starts Selling Its 1st Dollar-Denominated Sovereign Sukuk with 11.6 Percent Initial Return
Egypt started selling its first dollar-dominated sovereign sukuk as it seeks to secure foreign currency. Read More

Metro Ticket Prices to Increase by EGP 2 for Tickets Covering 25+ Stations
Transport Minister, Kamel El Wazir, revealed a EGP 2 increase for metro tickets covering more than 25 stations, spiralling to EGP 12 instead of EGP 10 while other ticket prices will remain the same. Read More

Egypt Commits to Enhance Relations with Uzbekistan, Increase Partnerships Between Private Sector
The Minister of International Cooperation, Rania A. Al-Mashat, participated in the round table, chaired by the President of Uzbekistan Shavkat Mirziyoyev, with Egyptian businessmen and companies at the conclusion of the Egyptian-Uzbek Business Forum. Read More

Morocco’s Phosphate Exports Grew by 43 Percent at the End of 2022
Morocco’s phosphate exports grew by  43 percent at the end of 2022, reaching MAD 115.5 billion (USD 11 billion) in value, according to data from an institution affiliated with the finance ministry. Read More

Access to Spain’s Regasification Facilities to Cost Morocco EUR 2 Million Annually
The Spanish government expects Morocco to pay an annual fee of EUR 2 million for access to Spanish regasification facilities. Read More

World Bank Injects Record USD 1.8 Billion into Morocco’s Economy
The World Bank injected a record USD 1.8 billion into Morocco’s economy, according to the country’s Minister of Economy and Finance, Nadia Fettah. Read More

Panel Stresses Importance of Data Archival in Morocco’s Cloud Projects
Rabat was the destination of a panel discussion on 17 February to discuss data archival and management on a national scale. Read More
Southern Africa
Ministry Touts Mining Sector, Key to MW2063
Ministry of Mining Principal Secretary Joseph Mkandawire says the mining industry has the potential to help the country achieve Malawi 2063 (MW2063) and United Nations’ Sustainable Development Goals. Read More

Malawi-India Trade Balance Narrows
Malawi’s trade balance with India has narrowed by 64 percent over the past three years, thanks to the Indian Government trade policy shift which has increased exports to the Asian country. Read More

Economic Outlook Still Mixed— Reserve Bank of Malawi
The Reserve Bank of Malawi (RBM) says the economic outlook remains mixed but with elevated chances of a positive outturn in most key macroeconomic fundamentals. Read More

‘Malawi to Reap from Meetings Africa 2023’
The Ministry of Tourism has rated the forthcoming Meetings Africa 2023 as an ideal platform for showcasing Malawi’s tourism services and products. Read More

South Africa
Big Changes for Schools in South Africa One Step Closer
The Portfolio Committee on Basic Education Portfolio Committee on Basic Education will move to the next step of processing the controversial Basic Education Laws Amendment Bill this week, starting the provincial public consultation process over the proposed laws. Read More

Good News for Anyone Who Owns a Property Under ZAR 5 Million in Cape Town
The City of Cape Town says that it is increasing the rates and taxes rebate for property owners in the city, taking effect in the coming 2023/24 financial year. Read More

Huawei Launches Smart PV Solutions for all Scenarios of African Residential Market
Huawei has launched smart photovoltaic (PV) solutions for all scenarios of the African residential market at the Solar Power Africa Conference 2023 held in Cape Town, South Africa. Read More

Shoprite Launches New Private Label to Boost Local Brands
South Africa’s largest retailer Shoprite is introducing an exclusive private-label product range sourced from local small, medium and micro enterprises. Read More

Sawmillers Reject ZAFFICO’s Price Increase for Pine and Eucalyptus by 25 Percent and 85 Percent Respectively
The Zambia National Association of Sawmillers has rejected the decision by Zambia Forestry and Forest Industries Corporation (ZAFFICO) to increase the price for pine and eucalyptus timber by 25 percent and 85 percent respectively. Read More
Western Africa
Cote d'Ivoire
Fisheries, Tourism and Commerce are Great Potential for Exchanges, Says New Ivory Coast Ambassador
Seychelles and Ivory Coast will cement ties in commerce, tourism and fisheries, said the newly accredited Ivory Coast Ambassador to Seychelles. Read More

Africa’s Water and Sanitation Concerns Take Center Stage at Abidjan Congress
A team of world leading experts gathering for the 21st African Water and Sanitation (AfWSA) International Congress and Exhibition and the 7th International Faecal Sludge Management Conference in Abidjan, Cote d’Ivoire are worried that Water and sanitation issues have continued to take toll on Africa despite efforts put in place to counter the menace. Read More

DACHSER Turkey Organizes Charter Flight to Ivory Coast
At the end of last year, the DACHSER Turkey Air & Sea Logistics team operated a charter flight from Turkey to West Africa. For the customer, the focus was on the high urgency of the shipment and DACHSER's solution-oriented approach. Read More

FAEO Elects Another Ghanaian Engineer to Serve on its Board
The Federation of African Engineering Organization (FAEO) has elected another Ghanaian Engineer, Ing. Leslie Alex Ayeh to serve on its 5-member Board, following the endorsement of the General Assembly of the Federation to serve a 2-year term, 2023-2024. Read More

Cedi Lost 3.14 Percent Value to Dollar Last Week; Near-Term Outlook Uncertain
The Ghana cedi lost about 3.14 percent value to the US dollar last week as the renewed depreciatory pressures set in. Read More

Ex-Lagos AG, Shasore Asks Court to Strike Out Money Laundering Charge
A former Lagos State Attorney-General and Commissioner for Justice, Olasupo Shasore asked the Federal High Court, Lagos to strike out a money laundering charge filed against him by the Economic and Financial Crimes Commission. Read More

NBC Tells Broadcast Stations to Stop Airing Political Campaigns 24 Hours Before Elections
In line with the Electoral Act 2022, National Broadcasting Commission (NBC) has urged broadcast stations to stop airing political campaigns 24 hours before elections. Read More

Two Years after, Nigeria’s ‘Decade of Gas’ Policy Implementation Stagnates at 5 Percent
Two years after its declaration, Nigeria’s ‘Decade of Gas’ policy has recorded underperformance at a paltry 5 percent to date, lagging by as high as 80 percent against the federal government’s 85 percent annual growth benchmark. Read More

FG Gives Condition For Renewal of Agreements
The Minster of Transportation, Mu’azu Jaji Sambo has spelt out conditions that must be met by respective companies before ports concession agreements with them could be renewed. 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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