24 November 2022
Eastern Africa
Government Committed to Implement Peace Agreement, DPM & FM Demeke Says
Deputy Prime Minister and Foreign Minister of Ethiopia, Demeke Mekonnen, met with his Nigerian counterpart, Jeoffrey Jideofor Onyeama on Wednesday on the margins of the AU Extra-ordinary Summit being held in Niamey, Niger. Read More

Ethiopian Airlines Sets to Nearly Double Destination, Number of Aircraft by 2035
Ethiopian Airlines has aimed to increase its destination to 207 and the number of aircraft to 271 by Vision 2035, Ethiopian Airlines Group, Chief Executive Officer Mesfin Tassew said. Read More

AUC, ADB Sign USD 9.73 Million Grant Agreement to Drive Digital Market Development in Africa
The African Union Commission and the African Development Bank have signed a grant agreement to implement Phase 1 of the Upstream Project for Digital Market Development in Africa. Read More

Ethiopian Airlines Undertaking Preparation to Resume Flights to Tigray
Ethiopian Airlines is undertaking preparations to resume regular flight services to the Tigray region, Ethiopian Airlines Group CEO Mesfin Tassew said. Read More

Kenya's Commercial Banks Fall in Line on Credit Scoring for Loanees
Kenyan commercial banks are tilting usage of credit background information on borrowers in an attempt to categorise loans according to risk, rather than impose blanket denials on defaulters. Read More

MPs Back Push for Private Land Holding Caps
Parliament has approved a fresh attempt to have the government cap the size of land an individual can hold. Read More

Kenya Airways, South African Airways Joint Deal Faces Headwinds
The plan to have the national flag carriers of Kenya and South Africa implement a partnership to create a pan-African airline is being slowed by the airlines’ internal troubles. Read More

Equity Bank Set to Raise Interest Rates for Riskier Borrowers From January
Equity Group plans to fully start pricing loans based on the risk profile of borrowers from January, citing recovery from pandemic shocks which had hit earnings for businesses and families amid runaway inflation. Read More

Regulator Explains Ban on Steel Bars.
Substandard steel bars which are said to have a grade of ‘upper yield strength below 500MPa (500N/mm2)’ will no longer be accepted on the Rwandan market according to Rwanda Inspectorate, Competition, and Consumer Protection Authority. Read More

How Rwanda Will Electrify 20 Percent Public Transport Buses by 2030
Rwanda seeks to convert 20 per cent of its public transportation to electric vehicles by 2030. Read More

Rwanda Gets First US Aviation Safety Assessment
The Rwanda Civil Aviation Authority has confirmed that it received an International Aviation Safety Assessment Category 1 rating, a move further cementing that it is in compliance with the International Civil Aviation Organization standards. Read More

NBC to Facilitate Issuance of Bond for Water Authority
The United Nations Capital Development Fund has appointed the National Bank of Commerce to facilitate the issuance of a green bond for Tanga water authority. Read More

Massive Transformations Await Tax Isles Regime
Massive transformations await tax regime in Zanzibar under the envisaged annulment of the Zanzibar Revenue Board Act No. 7 of 1996. Read More
Fishing Sector Vital with Appropriate Action
The sustainability of the country’s fisheries resources depends on the existence of effective plans and strategies to manage appropriate harvesting methods and the proper use of those resources. Read More

Tanzania Agronomists Borrow Leaf from Swaziland Farmers
The sustainability of the country’s fisheries resources depends on the existence of effective plans and strategies to manage appropriate harvesting methods and the proper use of those resources. Read More

Invest to Benefit From China’s New Tariff Line, The Governemnt tells Ugandans
According to Trade Minister Francis Mwebesa, for Ugandans to benefit from China’s new tariff structure, exporters must invest in producing relevant goods such as coffee, grain and fish.   Read More

UGX 300 Billion Remains Unutilised Due to Delays in World Bank Funded Projects
Nearly UGX 300 billion remains unutilised under the World Bank-funded Uganda Support to Municipal Infrastructure Development Programme due to delays in project implementation. Read More

Cost of Devices, Data Impeding Uptake of Technology, Says UCC
Uganda Communication Commission has said it is engaging government on the possibility of exempting devices from some taxes that raises the cost of mobile phone acquisition. Read More
Northern Africa
BI-Technologies Showcases its Projects in Egypt at Cairo ICT 2022
BI-Technologies announced its participation in the Cairo ICT International Technology Conference and Exhibition in the Middle East and Africa, which will be held from 27-30 November under the slogan “Leading Change. Read More

AIC Applies for Golden License to Manufacture in Egypt
Mahmoud Kamel, CEO of AIC International Landmarks — which specialises in card issuance, security systems, and control and safety systems — said that the company submitted an application to the Cabinet to obtain a golden license to manufacture smart card chips in Egypt. Read More

Egypt, Switzerland Discuss Ways to Expand Horizons of Cooperation in Tourism and Antiquities
Minister of Tourism and Antiquities Ahmed Issa met with Switzerland’s Ambassador in Cairo Yvonne Baumann to discuss ways to expand the horizons of cooperation between the two countries in the field of tourism and antiquities. Read More

CAPMAS Releases Report on Trade Between Egypt, Nile Basin Countries in 2021
The Central Agency for Public Mobilization and Statistics released a report Tuesday on trade between Egypt and fellow Nile Basin Countries in 2021. Read More

Morocco is Leading Exporter of Passenger Cars to Europe
Morocco has strengthened its position to become a leading exporter of passenger cars to Europe, Morocco’s Minister of Industry and Trade Ryad Mezzour said. Read More

Europa Oil & Gas Announces Nonrenewal of Exploration License in Morocco
British oil and gas exploration, development, and production holding Europa Oil & Gas announced on Wednesday the non-renewal of its initial license for the exploration of offshore oil in Morocco’s Inezgane after reporting “significant exploration potential.” Read More

TGCC Launches Subsidaires to Boost International Construction Footprint
Casablanca-based construction group TGCC has announced the creation of two wholly-owned subsidiaries, TGCC Guinea and TGCC Development, to foster the company’s presence globally. Read More
Southern Africa
Malawi Moves to Impress IMF
The government has outlined new strategies for resuscitating the economy which has withered by the COVID-19 pandemic and the recent war in Ukraine. Read More

Social Cash Transfer Funding to Jump 15%
Beneficiaries of social cash transfer are expected to reap more benefits from the initiative following plans by Malawi Government to increase funding by 15 percent in the next five years. Read More

Consumers, Experts Hail Reopening of Admarc
Consumers and an agriculture policy development expert have said the government’s plans to reopen Admarc on December 1 amid escalating maize prices offer hope to people subjected to high maize prices. Read More

Government Firm Seeks Capital Injection
Public Private Partnership Commission says a strategic partner can help Plant and Vehicle Hire and Engineering Services to boost its capital and help it upgrade its mandate and machinery. Read More
South Africa
Eskom gets Diesel Lifeline — but Still No Funding
State-owned oil company PetroSA has made 50 million litres of diesel available to Eskom, enough to last the power utility for about two weeks given the rate at which it has been burning diesel to power emergency reserves in recent months. Read More

Investors Weigh Naspers Earnings against NAV 
The latest interim results from Naspers again show that investors are valuing and investing in Naspers for only one reason – to benefit from the value of the group’s stake in Tencent. Read More

AME Delivers an Improved Financial Performance
JSE-listed African Media Entertainment has reported an improved financial performance in the six months to end-September, driven largely by the recovery in advertising revenue post the COVID-19 pandemic. Read More

Transnet Hints at Raising Tariffs for High-Value Feight
Transnet, which has been struggling to stay afloat, is pushing for a review of its general rail freight tariff structure — which could see key foreign-exchange earners such as agriculture pay more to move their products. Read More

ActionAid Downplays EIU Prediction
ActionAid Zambia says that while the Economic Intelligence Unit may project a rapid expansion of the mining sector after Zambia’s debt restructuring, sorting out the outstanding issues remains key. Read More

ZICTA Issues Mandatory Sim Card Live Facial Capture Directive
ZICTA has directed Mobile Network Operators to ensure that all new SIM card registrations and replacements conducted from September 1, 2019, contain a live facial image and appropriate identifications of consumers. Read More

BoZ Maintains Monetary Policy Rate at 9% for the 4th Time
Bank of Zambia Governor Dr Denny Kalyalya says the intensified procurement of agriculture and petroleum products in the fourth quarter of 2022 resulted in the depreciation of the Kwacha to MWK 16.69 (approx. 0.016). Read More

FISP Suppliers Given Letters of Credit – Can Redeem Payment Upon Delivery
The Ministry of Agriculture has confirmed that Government has issued letters of credit to all the suppliers contracted for the 2022/2023 Farmer Input Support Program – FISP, which they can claim full payments once they meet the set minimum delivery conditionsRead More
Western Africa
SIC Insurance Shareholders to Receive GHS 9 Million Dividend
SIC Insurance is to pay a dividend of GHS 0.046 per share for the year ending December 31, 2021. Read More

CENIT Ends Maintenance Contract with GTS Engineering Services
CENIT Energy Limited has ended its Operations and Maintenance Contract with GTS Engineering Services. Read More

Singapore and Ghana to Strengthen Cooperation through GIFE Project
Singapore and Ghana will be working together to strengthen their cooperation as they collaborate on the Ghana Integrated Financial Ecosystem Project through the partnership of the Monetary Authority of Singapore (MAS), the Bank of Ghana (BOG), Development Bank Ghana (DBG), GCB Bank (GCB) and Consolidated Bank Ghana (CBG). Read More

Ghana Records Local Content Successes Despite Upstream Challenges 
The Chief Executive Officer of the Petroleum Commission (PC), Egbert Faibille Junior, says despite challenges confronting Ghana’s upstream Petroleum sector, the country has been recording some positives concerning contracts awarded to indigenous Ghanaian companies. Read More

Depots, Marketers Subtly Push for Fuel Price Increment as Scarcity Bites Harder
With products hoarded, fuel queues have emerged, forcing many motorists to engage in panic-buying, just as many retail outlets, especially those owned by independent marketers sell above the regulated price. Read More

Sustained Bargain Hunting in Cement Firms, Others Lift Indices by NGN 710 Billion
Following sustained bargain hunting in many blue-chip stocks, especially Dangote Cement and BUA cement, trading on the Nigerian Exchange Limited closed in an upbeat yesterday, causing market capitalisation to increase further by NGN 710 billion. Read More

SEC Harps on Prioritising Investors’ Protection
The Securities and Exchange Commission has urged commodities exchanges in the country to give priority to investor protection and attract more investment into the capital market. Read More

IICC Urges Nigerians to Adopt Insurance for Income Growth
The Insurance Industry Consultative Council (IICC) has called on Nigerians to maximise the huge insurance benefits offered by underwriting companies to accumulate income and improve their lifestyles. Read More
Upcoming Events

International Trade Law Conference
Regional Integration from a Regulatory and Private Sector Perspective
08 December 2022 | ALN House,  Nairobi

Our upcoming International Trade Law conference themed ‘Regional Integration from a Regulatory and Private Sector Perspective: The Implications on Trade in Africa’, will bring together a diverse group of panellists and attendees, including policymakers and business leaders. The event will also include a distinguished panel of private and legal sector experts in the field of African regional integration will share their views and engage in an interactive discussion.

Join us at  ALN House Nairobi on Thursday, 08 December 2022 from 2:30 pm.

To RSVP, please send an email to:

We look forward to hosting you.
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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