27 February 2023
Eastern Africa
Ethiopia, China Discuss on Ways to Strengthening Economic Ties
Ethiopian high level delegation led by Finance Minister, Ahmed Shide had a fruitful discussion with his counterpart of the People’s Republic of China, Liu Kun in Beijing, on ways of strengthening economic partnership between the two countries. Read More

Ugandan MPs Say Policy and Legal Framework Helped Ethiopia to Move Milestones in Technology
The policy and the legal framework of Ethiopia has helped the country to move it milestones in science, technology and innovation, Ugandan parliamentary delegation said. Read More

FAO Pledges to Continue Supporting Farmers, Pastoralists in Ethiopia
The Food and Agricultural Organization has pledged to continue supporting people dependent on agriculture in Ethiopia and improving their livelihood. Read More

Russia, Ethiopia Maintaining Intensive Political Dialogue at Highest Level
Russia and Ethiopia are maintaining an intensive political dialogue at the highest level, according to Ambassador Evgeny Terekhin. Read More

Private Firms to Battle NSSF for New Billions in Pension
Private financial services firms are angling for a share of billions from enhanced pension contributions following the enactment of the National Social Security Fund (NSSF) Act 2013. Read More

Banks Stuck with KES 330 Billion of Covid-19 Restructured Loans
Commercial banks are still holding KES 330.9 billion (approx. USD 2.6 billion) worth of restructured loans on their books nearly two years since Covid-19 relief measures, which allowed for renegotiation of payment terms expired. Read More

VC Partech Raises KES 30 Billion for Africa Investments
Venture capital fund Partech Africa has raised EUR 230 million for investing in technology companies in the continent including Kenya, Nigeria and South Africa. Read More

Watchdog Forces Jumia to be Liable for Defective Goods
E-commerce firm Jumia will now be liable for the safety and quality of products sold on its platform by third-party merchants after the competition watchdog in the Common Market for Eastern and Southern Africa forced it to overhaul its terms and conditions. Read More

Businesses Decry Delays in VAT Refund
Traders are concerned over delays in processing value-added tax (VAT) refunds which, they say, affects their financial flows. Traders also requested the Government expedite the refund processes. Read More

Rwanda FDA Bans Cerelac Products Over ‘Non-Complete Requirements’
Rwanda Food and Drugs Authority has banned imports and sales of seven Cerelac products that ended up on local supermarket shelves despite having “non-complete label requirements.”  Read More

Smartphone Shipment to Africa Drops to Seven-Year Low
Smartphone shipments to the Middle East and Africa region fell to a seven-year low in 2022 due to high inflation and currency depreciation according to Counterpoint Research Market Monitor. Read More

Nyungwe National Park to Introduce Zipline
Zipline- a thrilling adventure tour that will allow tourists to soar through the tree tops of the Nyungwe forest will soon be constructed. Read More

New Cashewnut Marketing System
Two years on, cashew nut stakeholders share the success and challenges of the primary marketing system that was introduced to support local processors. Read More

Iringa Airport Upgrading to be Completed in August
The upgrading and renovation of Iringa Airport that has currently reached 45 percent is expected to be completed in August, this year. Read More

Milestone in Malaria Control
Ifakara Health Institute researchers in Kilombero District, Morogoro Region have started using drones to identify mosquito breeding sites which are hard to reach and kill them by spraying insecticides. Read More

Kikula Stresses Adherence to Mining Laws
Miners and mineral dealers in the country have been urged to abide by laws, safety, environmental conservation and proper use of explosives in mining activities. Read More
Northern Africa
Kenya to Widen Trade Relations with Algeria

Kenya will export tea, coffee, nuts, fruits and flowers to Algeria. It will also import oil and gas from the North African country, National Assembly Speaker Moses Wetang’ula has announced. Read More

More than 70 Local and Foreign Participants at the Libya Industries Exhibition
More than 70 local and foreign companies participated in the Second Libya Industries Exhibition being held in Misrata from 25 February to 2 March. Read More

UAE, Algeria Advancing Economic Partnership
Algeria Economic Committee has been held in Abu Dhabi under the chairmanship of Abdullah bin Touq Al Marri, Minister of Economy, and Algerian Minister of Industry, Ahmed Zaghdar, in the presence of Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. Read More

Egypt, Jordan, UAE and Bahrain Sign 12 Economic Partnership Agreements

Four Arab countries (Egypt, Jordan, Bahrain and the United Arab Emirates (UAE)) signed 12 agreements in nine integrated industrial projects with an investment value exceeding USD 2 billion in the sectors of agriculture, medicine, metals, chemicals and electric vehicles. Read More

EGP 610 Billion Investments in Development Projects in Sinai
The volume of investments that have been implemented and are being implemented in development projects in the Sinai Peninsula amounted to about EGP 610 billion (approx. USD 20 billion), according to the Prime Minister, Mostafa Madbouli. Read More

Kuwaiti Investments in Egypt Exceed USD 15 Billion
Kuwaiti investments in Egypt are estimated at more than USD 15 billion, making it the third largest Arab trading partner for Egypt, and the fourth largest global trading partner among the countries investing in Egypt, according to the Petroleum Minister, Tarek el-Molla. Read More

Suez Canal Revenues Rose to USD 8 Billion
Egypt’s Prime Minister, Mostafa Madbouli, reviewed a comparison of the new Suez Canal between 2014 and 2023, explaining that there was an urgent need to work on the new Suez Canal project and work to increase the revenues of the Suez Canal. Read More

Morocco’s Real Estate Market Slows, Amid Dropping Demand
Morocco’s real estate market is slowing down amid the ongoing financial shocks and plummeting demand. Read More

Moroccan Unions Blame Adverse Weather for Tomato Shortage Exports to UK
Moroccan associations for farmers blame the shortage of tomato exports to the UK on the “unusual temperature fluctuations,” according to a report from fruitnet. Read More

Morocco's Removal From Grey List Offers New Opportunities
The Financial Action Task Force (FATF)’s decision to remove Morocco from its “Grey List” is likely to have a positive impact on the country’s ability to access international funding, according to a statement by the government ahead of the FATF decision. Read More

Tetouan Sustainable Development Forum Seeks to Make Youth's Voice Heard
The Mediterranean Forum for Sustainable Development in Tetouan, northern Morocco, aims to help youth integration as well as implement sustainable development goals at the national level. Read More
Southern Africa
CEOs Launch Development Forum
A high-level platform for corporate chief executive officers and senior executives in both the private and public sector has been formed in the country. Read More

Government Calls for Water Source Protection
Water and Sanitation Deputy Minister Liana Kakhobwe Chapota has expressed concern over the natural resources degradation situation in Chimwankhuku Forestry Reserve, Mchinji District. Read More

Japan Pledges Support to Malawi
Japanese Ambassador to Malawi Yoichi Oya has reaffirmed his government’s commitment to help Malawi meet its development goals. Read More

Phase 1 of PWA Housing Project Completed
Government has, through the Ministry of Lands, handed over a newly constructed house to Mary Matope, mother of two persons with albinism, under the five-year implementation of the Action Plan for the Protection of People with Albinism. Read More

South Africa
Western Cape Tourism Boosts Sales, Nearly Tripling Spur’s Profit
Spur Corp, the owner of RocoMamas, the Hussar Grill and John Dory’s, said interim profit almost tripled on greater sales, boosted in particular by tourism in the Western Cape. Read More

SA Confronts Worst Measles Outbreak in More Than a Decade
As the government embarks on a nationwide measles vaccination campaign to tackle SA’s worst outbreak in more than a decade, the number of cases has climbed past 600, the National Institute for Communicable Diseases reported lasted week. Read More

Solar Panels are in Hot Demand, But SA Buyers Face Delays
Higher levels of load shedding and new tax incentives for businesses and households are fuelling a surge in demand for solar PV, but the local market is already facing equipment supply shortages, according to the industry body. Read More

Cables Planned for Nearly 50 Hospitals to Bypass Load-Shedding
Nearly 50 state hospitals grappling with the compounding effects of load-shedding will have cables installed that will exempt them from rolling blackouts, at a cost of R350m, the health minister has confirmed. Read More

Chamber of Mines Applauds Government for Ending Load Shedding
The Zambia Chamber of Mines have commended government through the Ministry for quickly ending load shedding. Read More

Atlas Mara Onboards East Water Utility for Digital Payments
AtlasMara Bank, which has the widest distribution network of branches in the Eastern Province has launched a partnership with Eastern Water and Sanitation Company to digitise bill collections using the Atlasmara Tenga Mobile Wallet and Atlas Mara Mobile Banking platforms. Read More
Western Africa
Ghana COCOBOD Says it Lost GHS 4.8 Billion Investment to Galamsey
The Ghana Cocoa Board (COCOBOD) says it has lost GHS 4.8 billion (approx. USD 372 million) worth of investment in 35 hectares of cocoa farms to illegal mining activities at Boinso in the Western Region. Read More

Over 79,000 Tema Metro Residents Fully Vaccinated Against COVID-19
A total of 79,268 persons in the Tema Metropolis have been fully vaccinated against COVID-19, Ms Linda Adjapong, Disease Control Officer for the Tema Metropolitan Health Directorate has disclosed. Read More

IOM Sensitises Communities on Irregular Migration
The International Organisation for Migration (IOM) has organised a community-based sensitisation programme to widen awareness on irregular migration and its consequences. Read More

Workers Appeal to Ministry to Revamp Country’s Railways Sector
Mr Godwill Ntarmah, General Secretary of the Railway Workers Union, has called on the Ministry for Railways to secure clearance from relevant government agencies to clear both Locomotives and Wagons procured under the CAPEX fund to address their braking deficiencies. Read More

NIPC Partners Diplomatic Community to Drive FDI, National Attractiveness
The Nigerian Investment Promotion Commission, NIPC has commenced a move to position Nigeria as a constant preferred investment destination of choice. Read More

Firm Named Most Innovative Digital Agency in Africa
Thinkmint Nigeria, a fast-growing marketing firm in Nigeria has been presented with the award of West Africa’s most innovative digital marketing agency at the just concluded 12th West Africa Brands Excellence Award 2023. Read More

Bolt to Invest Over EUR 500 Million in Africa
Bolt, the leading mobility app in Africa, has announced plans to invest EUR 500 million in its operations on the continent over the next two years. Read More

Nwaobia Appointed Chief Sales Officer at 9mobile
Emerging Markets Telecommunication Services, operating as 9mobile, recently announced the addition of Victor Nwaobia as Chief Sales Officer to its leadership team. 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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