Ethiopia
Ministry Working to Cultivate Over 13 Million Hectare Land in Crop Season
The Ministry of Agriculture said that it is working to cover some 13.4 million hectares of cultivated land with crop in 2022/2023 crop season. Read More

Kenya
Kenya gets KES 7.5 Billion AfDB Loan for Fertiliser, Seeds
Kenya has received a KES 7.48 billion (approx. USD 63 million) loan from the African Development Bank (AfDB) to support fertiliser and seeds acquisition for 650,000 local farmers to boost food production and control consumer price inflation. Read More

Diplomat’s Families Eligible for Jobs in New Kenya, US Deal
Kenya and the United States signed a five-year agreement that permits dependents of diplomatic and consular personnel to be employed in the territory of either country, disclosures tabled in Parliament have revealed. Read More

15 County Hospitals to get Covid Kits from Russia, UNDP
Kisumu, Migori, and Busia counties have got a boost in the fight against the spread of Covid-19 in the wake of the sixth wave of the pandemic. Read More

UBA eyes African Business with New Dubai Branch
Pan-African bank UBA Group has launched a new branch at the Dubai International Financial Centre, betting on the long-term growth of trade deals between the Middle East and Africa. Read More

Rwanda
What It Means for Rwanda to Host the African Medicine Agency
Rwanda is set to host the headquarters of the African Medicines Agency, (RMA) the African Union announced on Friday last week. The decision was arrived at during the meeting of the AU Executive Council during the just concluded African Union Fourth Mid-Year Coordination meeting in Lusaka. Read More

Tanzania
Tanzania's Investors Inflow is on the Rise
President Samia Suluhu Hassan's recently visits to various nations has started bearing fruits as the country experiences increased number of investors. Read More

IMF Executive Board Approves a 40-month, USD 1,046.4 million ECF Arrangement for Tanzania
The Executive Board of the International Monetary Fund (IMF) approved a 40-month extended arrangement under the Extended Credit Facility (ECF) for Tanzania, with access equivalent to SDR 795.58 (200 percent of quota, equivalent to USD 1,046.4 million). Read More

African Development Bank Grants USD 1.4 Million to Export Trading Group to Strengthen Entrepreneurship Skills of Women-owned & Led Businesses in Mozambique, Tanzania and Zambia
The Board of Directors of the African Development Bank Group has approved a USD 1.4 million technical assistance grant to Export Trading Group for the funding of women-owned businesses in three countries in Sub-Saharan Africa. ETG is one of the largest and fastest-growing integrated agricultural supply chain managers and processors in Sub-Saharan Africa. Read More

Uganda
Strengthening Uganda’s Economic Growth with Support to Women Entrepreneurs
Women’s economic empowerment is key to quickening and strengthening Uganda’s path to inclusive and sustainable economic growth. Women’s entrepreneurship holds a critical place in Uganda’s efforts to revive its economy from multiple global and domestic shocks including the COVID-19 pandemic. Read More

SMEs Urged to Boost Sales Amidst Economic Crisis
Small and Medium Enterprises (SMEs) have been urged to position themselves and tap into opportunities within the African Continental Free Trade Area agreement by adding value to their products. Read More

Filling Natural Gas Supply Gap
Mauritania and Senegal have laid the groundwork necessary for BP, Kosmos, and their contractors to establish an offshore production complex, with development wells connected to a floating production. Read More

AU Launches Early Warning Platform to Tackle Insecurity
The African Union launched an early warning platform aimed at preventing conflicts and promoting peace on the continent. The Inter-Regional Knowledge Exchange on Early Warning and Conflict Prevention will play a crucial role in preventing conflicts on the continent and will also be tasked to detect and communicate threats to peace, AU Deputy Chairperson Monique Nsanzabaganwa said during the launch of the platform on the sidelines of the 41st Ordinary Session of the Executive Council. Read More

Algeria
EU agrees Gas Deal with Azerbaijan as Italian PM Travels to Algeria
The European Union has signed a gas deal with Azerbaijan to move away from a reliance on Russian fossil fuels. Read More

Egypt
Egypt’s Environment Minister discusses Cooperation with USAID
Minister of Environment Yasmine Fouad met with Andrew Plett — Acting Assistant Director of the US Agency for International Development for Middle East Affairs (USAID) — and his accompanying delegation in Cairo to discuss cooperation in several environmental files. Read More

Egypt’s ACUD to launch Largest Project in the World to Generate Solar Power Ahead of COP27
The Administrative Capital for Urban Development (ACUD) is preparing to list the largest international tender to make use of the rooftops of the buildings in the residential districts of the New Administrative Capital to install photovoltaic solar cells to generate electricity for the smart city. Read More

Haleon set to go Public on New York Stock Exchange
Haleon is preparing to offer part of its shares on the New York Stock Exchange after it offered a share of the company on the London Stock Exchange. Read More

Swvl suspends its Transportation Services in Alexandria
Swvl suspended its transportation services for individuals in Alexandria about two weeks ago, as part of the company’s plans to restructure its business in various markets to turn to profitability in 2023, according to a source. Read More

Morocco
Morocco, Israel Join Forces to Cooperate on Intellectual Property
Morocco and Israel signed on Monday a Memorandum of Understanding on intellectual property (IP), pledging to promote innovation and boost business relations between entrepreneurs from both countries. Read More

Masen, EDF Renewables Announce Repowering of Koudia Al Baida Wind Farm
Masen, the Moroccan Agency for Solar Energy, and its partner EDF Renouvelables, a renewable electricity production firm, announced the financial settlement of the repowering of the Nassim Koudia Al Baida wind farm in Tlat Taghramt near Tangier in northern Morocco. Read More

Binter announces Low-Cost Flights Connecting the Canary Islands, Morocco
Binter, a Canary Islands airline, has launched a campaign seeking to promote low-cost flights connecting the Canary Islands with Morocco, among other destinations. Read More

OCP Group to Contribute to Pan African Fertilizer Company’s Capital
Morocco’s leading phosphate company OCP Group has obtained the government’s approval to contribute equally to the capital of the “Pan African Fertilizer Company” with the Ethiopian government. Read More

Government Advances on Mining Deals
The Ministry of Mining has concluded its negotiations with Globe Metals and Mining for the Kanyika Niobium Mining project in Mzimba District. Read More

Gold Deposits in Nkhata Bay
A preliminary investigation by the Ministry of Mining has confirmed the presence of gold deposits in the farm of the late Aleke Banda in Tukombo, Nkhata Bay District. Read More

National Food Reserve Agency to Start Maize Purchase
The National Food Reserve Agency (NFRA) has said it has received an approval from the Public Procurement and Disposal of Assets Authority (PPDA) to procure maize in the country. Read More

USD 10 Million Needed for Shire Valley Transformation
The Shire Valley Transformation Programme will require another USD 10 million to reconstruct the water intake structure which was destroyed by the Tropical Storm Ana earlier this year. Read More

Mozambique
Parruque seeks Passenger Transport Partnerships – Notícias Report
The governor of Maputo province, Júlio Parruque, expressed openness to a possible partnership between the provincial executive and the Matchedje Motors company as a response to the transport challenge facing Maputo province. Read More

South Africa
HCI Partner targets up to ZAR 1 Billion for Oilfield Drilling in Namibia
Impact Oil & Gas, which is nearly half owned by Hosken Consolidated Investments (HCI), announced it is looking to raise up to USD 60 million from existing shareholders for further drilling to value the oilfield off the coast of Namibia. Read More

Major Headache for Airlines in South Africa after Oil Refinery Closures
South Africa’s airlines could face shortages of necessary jet fuel supplies after the country’s oil refinery closures, says Tseliso Maqubela, deputy director for the Department of Mineral Resources and Energy. Read More

Africa Pension Supervisors Sign Agreement with FSD Africa
The Africa Pensions Supervisors Forum (APSF) held its third annual forum in Kigali from 14 -15 July, 2022. The forum brought together pension supervisors from different African countries to deliver a harmonized approach for interventions and reforms in the pensions sector across the continent. Read More

MTN in Talks to Buy Telkom
South African mobile giant MTN is in talks to buy smaller rival Telkom in a deal that would leapfrog market leader Vodacom Group. Read More
 

Nigeria
Firms raise NGN 246 Billion from Corporate Bonds in H1
The dormant primary equities segment of the Nigerian capital market has prompted listed companies to rely on the bond market for fund raising as six Nigerian companies issued corporate bonds worth N246.28 billion to improve their balance sheet and scale up their operations during the half-year ended June 30, 2022. Read More

Agusto affirms Sundry Foods A-rating, Stable Outlook
Agusto & Co has affirmed A- rating to food services firm, Sundry Foods with stable outlook. This comes nearly three weeks after an international rating agency, Global Credit Ratings, accorded SFL the national scale long term and short-term issuer ratings of A-(NG) and A2 (NG) with revised outlook to positive. Read More

EFInA, GIZ Deploy Virtual Hackathon to Finance MSMEs
Enhancing Financial Innovation and Access (EFInA) has partnered with GIZ to bridge the MSME financing gap existing in Nigeria through a virtual hackathon challenge themed, ‘MSME Finance…Breaking Barriers’. Read More

We’ll deliver over 5000MW of Power – NERC Chair
In the recent past, electricity generation has nose-dived, and this has translated to customers’ poor experience. In our recent engagement, we were able to explain the reasons for the problem ranging from gas supply to vandalism, and infrastructure. Read More