9 September 2022
Eastern Africa
Ethiopia to Host First Pan African Conference on Artificial Intelligence
Ethiopia will host the first Pan African Conference on Artificial intelligence from October 4-5, 2022 at the new Museum of Art and Science. Read More

United Airlines Invests Another USD 15 million in Electric Flying Taxi Market
United Airlines announced a USD 15 million investment in Eve Air Mobility and a conditional purchase agreement for 200 four-seat electric aircraft plus 200 options, expecting the first deliveries as early as 2026. Read More

30 Plum Parastatal Jobs Up for Grabs in William Ruto Government
President-elect William Ruto’s incoming administration has at least 30 plum appointments to make at State-owned firms whose current chief executives are either serving in acting capacities or are at the tail end of their terms. Read More

Private Sector Wages Up Six Months in a Row as Employees Push Firms to Counter Inflation
Wages in the private sector have risen for the sixth month in a row as workers demand higher pay to help fight the soaring cost of living, findings of a monthly survey suggests. Read More

City Hall Mulls KES 150 Billion Green Bond for Facelift
The Nairobi County government is considering floating a green bond to help finance the estimated KES 150 billion (approx. USD 1.2 billion) cost of modernising the city’s infrastructure. Read More

CA Seeks to Tighten Netflix, ViuSasa, Skype Regulation
The Communications Authority of Kenya (CA) plans to tighten regulatory oversight on online media content providers, who are increasingly coming under the spotlight of the government on tax and copyright issues. Read More

AGRF: Experts Bank on Youth for Africa’s Food Security
Delegates at the ongoing 12th Africa Green Revolution Forum (AGRF) have expressed concerns of growing food insecurity in Africa and how the continent risks missing on several targets aimed at achieving food sustainability. Read More

Rwanda, Kenya SMEs Secure Funding from Rockefeller Foundation to Boost Nutritious Feeding
Seven agribusiness SMEs from Rwanda and Kenya, have secured over USD 1 million funding from the Rockefeller Foundation’s Good Food Innovation Fund for the production and sale of affordable fortified and nutritious foods. Read More

China, Rwanda Extend Medical Cooperation Deal for Another 5 Years
The Rwandan Ministry of Health and the Chinese Embassy in Kigali signed here a Memorandum of Understanding to facilitate the dispatching of Chinese medical personnel to Rwanda. Read More

We Support Rwanda to Unlock its Horticulture Potential - IDH Official
Horticulture is one of the strategic areas that Rwanda is banking on as it seeks to expand its agriculture export base through diversification, and be able to generate USD 1 billion in annual foreign agricultural revenues by 2024. Read More

Qatar and Tanzania Bilateral Trade Rises by 66 Percent to QAR 282 Million in 2021
Total trade volume between Qatar and Tanzania rose by 66 percent to QAR 282 million (approx. USD 77.5 million) last year from QAR 169 million (approx. USD 46 million) in 2020, according to an official from Qatar Chamber. Read More

New Malaria Vaccine Offers Hope to Millions in Africa
Public health experts in Tanzania say the world's first ever malaria vaccine by UK’s Oxford researchers has brought hope to millions of people in Africa where thousands of children die from the disease every year. Read More

Relief Greets Fuel Price Cuts
Economists, motorists and others gave mixed reactions to the latest recent drop in fuel prices, largely commending the government’s move. Read More

Tanzania Slaps New Rules on Kenyan Grain Traders
Kenyan grain traders seeking to import maize from Tanzania will now be required to register their companies in Dar es Salaam as the country imposes stricter rules to protect its commodities and jobs from shifting abroad. Read More

Museveni Hails NSSF as He Commissions First Phase of UGX 1.4 Trillion Lubowa Housing Project

President Museveni has hailed National Social Security Fund (NSSF) for growing from a small fund to one that now takes part in big investment projects in the country. Read More
Northern Africa
Repsol to Sell 25 Percent Stake in Upstream Business to EIG for USD 4.8 Billion

Repsol has reached a deal to sell a 25 percent stake in Repsol Upstream to Breakwater Energy, a newly formed, fully owned subsidiary of EIG for around USD 4.8 billion. Read More

Egypt’s AfDB Country Strategy Paper Launched During Egypt-ICF2022

Egypt and the African Development Bank group (AfBD) launched Egypt’s AfDB Country Strategy Paper (2022-2026) during the second day of Egypt International Forum (Egypt-ICF2022).  Read More

Sisi, EBRD’s President Explore Areas of Cooperation, Latter Praises Egypt’s Economic Reforms
President Abdel-Fatah El-Sisi received, Wednesday, Odile Renaud Basso, President of the European Bank for Reconstruction and Development (EBRD), in the presence of Prime Minister, Mostafa Madbouli, Minister of Foreign Affairs, Sameh Shoukry, and Minister of International Cooperation, Rania Al-Mashat. Read More

Tabby Shopping App Expands to Egypt Offering Flexible Payments with No Interest, No Fees
Payments and shopping app, Tabby, announced its launch in Egypt, enabling shoppers to pay over time without any interest or fees. Read More

Egypt's Annual Inflation Rises to 15.3 Percent in August, Urban Inflation Reaches 14.6 Percent
Egypt’s annual inflation rate rose to 15.3 percent in August 2022, compared to 6.4 percent in the same month of prior year, according to the Central Agency for Public Mobilization and Statistics. Read More

Chery Unveils New Tiggo 8 Pro Max for Moroccan Market
Chinese car manufacturer Chery unveiled its new SUV model, the Tiggo 8 Pro Max, for the Moroccan market in a press conference. Read More

Royal Air Maroc to Resume Direct Flights Between Casablanca-Doha
Morocco’s national carrier Royal Air Maroc (RAM) announced that it will again resume its Casablanca-Doha direct flights on 12 September. Read More

Morocco’s Citrus Exports Reach 766,500 Tonnes in 2021-2022 Season
Morocco’s citrus exports reached a record volume of 766,500 tonnes during the 2021-2022 agricultural season, an overall increase of 40% compared to the year before. Read More

World Bank: Agriculture, Cereal Export Prices Are Stabilizing
While price inflation in Morocco continues to break records, a recent report from the World Bank argues that agricultural and cereal export prices have started showing signs of stabilizing worldwide. Read More
Southern Africa
Admarc Sitting on 132,000 Metric Tonnes Maize
Cash-strapped Agriculture Development and Marketing Corporation has said it has over 132,000 metric tonnes of maize in stock ready to supply the market. Admarc Board Chairperson Alexander Kusamba Dzonzi recently told the Industry, Trade and Tourism committee of Parliament that supply of the staple commodity by the state-run grain trader would help contain pressure on the market. Read More

Government Endorses Mt. Kilimanjaro Hike
The Ministry of Tourism, Wildlife and Culture has endorsed 19 Malawians to travel to Tanzania to hike Mount Kilimanjaro from 10 to 15 September. The team left and Minister of Tourism, Wildlife and Culture Michael Usi urged more Malawians to have the spirit of promoting the country’s tourism. Read More

Ecobank Extends Unsecured Personal Loan to Civil Servants
Ecobank Malawi has unveiled an unsecured personal loan facility of up to MWK 15 million (approx. USD 14,600) to civil servants to be repaid in 36 months. Read More

Insurance Sector Faces Liquidity, Credit Risks
The insurance sector performance continues to be burdened as players face credit and liquidity vulnerabilities due to high insurance receivables despite being adequately capitalised, solvent and profitable. Read More

High Representative Josep Borrell Travels to Mozambique and Kenya
The EU High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Josep Borrell, will travel to Mozambique and Kenya on 8-10 September. Read More

South Africa
Manufacturing Production Up from Last Year, But Monthly Output Suffers
Annual manufacturing production increased in July, after three consecutive months of contraction, Stats SA said. Manufacturing output increased by 3.7 percent year on year in July, with six of the ten manufacturing divisions recording a rise in activity. Read More

SA’s Economic Freedom Ranking Declines in 2020
SA’s global ranking in terms of economic freedom declined in 2020, as the Covid-19 pandemic and subsequent restrictions led to a general decline worldwide. Read More

Sanlam CEO Paul Hanratty Sees ‘Happy Days’ Amid Gloom
Sanlam CEO Paul Hanratty says that while the bleak global economic backdrop is a concern, it also gives the insurance group the opportunity to pick up assets at cheaper prices as the combination of weak growth and accelerating pressure drives down valuations. Read More

ADvTECH CEO Roy Douglas on Opportunities in Africa
ADvTECH, owner of SA private schools Crawford International, Trinityhouse and Pinnacle, is seeing continued success in its schools in Kenya. We spoke to CEO Roy Douglas about why it is succeeding in Africa, where so many SA businesses have struggled. Read More

Minister of Lands Regrets the Inadequacy of Early Warning System in Zambia
The Zambia Government has reaffirmed its commitment to the collective global resolve of ensuring access to early warning systems for every citizen on the planet in the next five years. Read More

Government Pleased with Mpepo Mini Hospital Construction Works
The government says it is elated with the progress and good workmanship being exhibited by Suscon construction company at the ongoing construction of Mpepo mini Hospital in Kanchibiya District. Read More
Western Africa
Cote D’Ivoire
Caobisco president Aldo Cristiano opens World Confectionery Conference
Aldo Cristiano, president of Caobisco has opened our World Confectionery Conference with a keynote presentation underlining the importance of supporting the sector and progressing major due diligence sustainability policies, reports Neill Barston. Read More

6,856 Companies, Individuals Owe GHS 111.6 Million in Corporate and Income Taxes – Auditor General’s Report
The 2021 Auditor General’s Report has identified 6,856 companies, business entities and individuals owing an amount of GHS 111.652 million (approx. USD 11 million) in corporate and individual income taxes for 2019, 2020 and 2021 years of assessment. Read More

Government Borrowed GHS 7.14 Billion via T-bills in August 2022
The Government of Ghana raised or borrowed GHS 7.148 billion (approx. USD 716 million) via the sale of Treasury bills in August 2022, about 39.70 percent more than its target. Read More

Ghanaian Prof Eric Danquah Bags USD 100,000 for Fascinating Work on Plant Genetics
Ghanaian plant geneticist, and professor, Eric Yirenkyi Danquah has been awarded the 2022 Africa Food Prize at the AGRF2022 Summit. The event took place on the 7th of September, in Kigali, Rwanda. Read More

Government Partners Ashanti Airlines for Operation of Home-Based Carrier
According to AviationGhana, the deal between the Government of Ghana and Ashanti Airlines has been finalised with the latter at the final stages of completing all financial arrangements. Read More
FAO, NCC Present Revised National Codex for Standard Food
The Food and Agriculture Organization of the United Nations (FAO) and the National Codex Committee (NCC) have presented and disseminated the revised National Codex Committee Procedural Manual towards creating effective, efficient policies and strategies to eliminate hunger, food insecurity and malnutrition in the country. Read More

‘Economy Still Resilient Despite Challenges’
The 3.54 percent gross domestic product (GDP) growth in the second quarter of 2022 marked the seventh consecutive quarterly GDP growth since the exit from recession in the fourth quarter of 2020. Read More

CORAN Seeks Intervention Fund
The Crude Oil Refiners Association of Nigeria (CORAN) has appealed to the Central Bank of Nigeria to create a crude refinery intervention fund  similar to that of Agricultural Credit Fund or the Pharmaceutical Fund domiciled at the apex bank to drive their operations. Read More

FG Plans Increased Gas Export to Europe 2022
Nigeria will be able to send more Liquefied Natural Gas to Europe by next winter, the Federal Government stated. Minister of State for Petroleum Resources, Chief Timipre Sylva, disclosed this at the Gastech conference in Milan. Read More
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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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