24 June 2022
Eastern Africa
UNICEF Secures USD 10 Million for WASH Program in Ethiopia
The Government of Denmark through its partnership with UNICEF has announced a DKK 70 million (approx. USD 10 million) contribution over the next three years to support UNICEF’s water, sanitation, and hygiene (WASH) programme in Ethiopia. Read More

Dashen Bank Inaugurates Tier III Data Center  
Dashen Bank has inaugurated a Tier III Data Centre, making it the first private financial institution in Ethiopia to have such facility. Read More

EU Imposes Expensive Visa Rules for Kenyans in Transit
New visa transit rules for Kenyan passengers connecting flights through the European Union (EU) are set to increase the cost of travel as international travel resumes. Read More

Safaricom Loses Fight over DStv Pirating Dispute
MultiChoice has won a court battle against internet service providers including Safaricom after the High Court issued a directive ordering them to take down pirated content from the pay-TV firm. Read More

PE Funds, World Bank Arm Sells Naivas Stake
A consortium comprising World Bank’s International Finance Corporation (IFC) and French private fund Amethis have sold an estimated 30 percent stake in Naivas Supermarket to a cluster of investors led by Mauritian conglomerate IBL Group. Read More

Hoteliers, Traders Jostle for Piece of KES 6 Billion Rally Windfall
Palatial homeowners with spacious grounds in Naivasha are hurriedly setting up tents to cash in on the windfall from the World Rally Championship. Read More

World Leaders Gather at the Kigali Summit on Malaria and Neglected Tropical Diseases to Unlock the Potential for a Healthier World
alongside the 26th Commonwealth Heads of Government Meeting in Rwanda, leaders from around the world will meet to make bold commitments toward ending malaria and neglected tropical diseases. Read More

Food and Drugs Authority Gets RWF 2 Billion to Boost Regulation
The Rwanda Food and Drugs Authority (RFDA) and the European Union signed an agreement worth EUR 2 million aimed at improving the RFDA's capacity through peer-to-peer partnerships with regulatory agencies of several member states of the EU. Read More

Qatar and Rwanda: Vistas of Exemplary Partnership
Relations between Doha and Kigali are regulated by agreements and memoranda of understanding covering air services and encouraging and protecting mutual investments as well as economic, commercial, technical, sports, tourism, cultural and business co-operation. Read More

Surrogacy - Experts Call for Amendments to Family Law
The Rwandan Law Governing Persons and Families stipulates that the mode of reproduction in Rwanda is naturally between a man and a woman or it can be medically assisted. Read More

Coffee Research, its Contribution Towards Increasing Productivity
The Tanzania Coffee Research Institute has proved beyond reasonable doubt that coffee researches contribute to increasing coffee productivity both in terms of quantity and quality. Read More

Govt Measures on Covid-19 Boost Private Sector Credit
The ruling CCM party’s National Executive Committee has directed the government to revise the process of writing a new constitution since the country needs reforms that would meet the current needs. Read More

NIT Urges Companies to Provide Volunteer Opportunities for Graduates
The National Institute of Transport has urged companies and various organizations in the country to provide volunteering opportunities to local graduates, so as to get expertise and experience in their areas of study. Read More

Tanzania Mortgage Market Up  More Than 7.5 Percent in Q1 2022 Compared to Q1 2021
The mortgage market in Tanzania registered a 1.41 percent growth in the value of mortgage loans as of 31 March 2022 as compared to the 2 percent growth recorded in the previous quarter. Read More

Uganda Contributes Nearly USD 10 Million to South-South Cooperation Project with FAO and China
Uganda is contributing nearly USD 10 million to the latest phase of a South-South Cooperation project focused on crop and animal production with the Food and Agriculture Organization of the United Nations (FAO) and the Chinese government after the first two phases yielded dramatic results, including a quadrupling of rice production per hectare. Read More

Cipla Tables Future Plans in Preparation for FY2023
Though Cipla Quality Chemical Industries (CiplaQCIL) has tabled a stronger performance in the 2022 Financial Year compared to the 2021 FY, the company is now more than ever determined to attain long-term returns. Read More
Northern Africa
Egypt Central Bank Keeps Interest Rates Steady
The Central Bank of Egypt held its lending rate steady at 12.25 percent and its deposit rate at 11.25 percent, its Monetary Policy Committee said in a statement accompanying the rates decision. Read More

Egypt, Saudi Arabia Sign Economic Agreements Worth USD 7.7 Billion
On the sidelines of Saudi Crown Prince Mohammed bin Salman’s visit to Egypt, the two countries signed 14 agreements and memoranda of understandings worth $7.7 billion. Read More

GAFI Head Hails Majid Al Futtaim's Selection of Egypt for its Regional Outsourcing Services Business
Chief Executive Director of the General Authority for Investment & Free Zones (GAFI) Mohamed Abdel Wahab hailed the decision of Majid Al Futtaim Global Solutions to select Egypt as a center for its regional outsourcing services. Read More

Egypt's Exports of Cast Iron, Steel Up 1 Percent in 4 Months
Egypt's exports of cast iron and steel went up 1 percent during the first four months of 2022, registering about USD 472 million against USD 468 million in the corresponding period of 2021. Read More

OCP Group: Green Hydrogen, Ammonia is the Future of Energy
Morocco’s phosphate and fertilizer giant OCP Group reaffirmed its commitment to a ‘green’ future by using renewable energies such as green hydrogen and green ammonia to reduce the fertilizer industry’s dependence on oil, natural gas, and other fossil fuels. Read More

Amid Algerian Crisis, Spain’s Energy Exports to Morocco Reach Record Levels
At the height of the crisis with Algeria, Spain’s electricity exports to Morocco through the interconnection route across the Strait of Gibraltar reached an all-time high last month. Read More

World Bank Approves USD 100 Million Loan to Casablanca
The World Bank approved a USD 100 million loan for the Casablanca Municipal Support Program, adding to the initial funding of  USD 200 million approved in 2017. Read More

OCP's Iliass El Fali: Fertilizers Are Vital To Global Food Security
Morocco has prioritized food security as part of its new development model -- a mission that fertilizer giant OCP Group is contributing to in order to reinvigorate the country’s leadership in the sector. Read More
Southern Africa
Sunbird Outlines Growth Strategies, Looks Forward
In this interview, Sunbird Tourism plc board chairperson Vilipo Munthali speaks on the Malawi Stock Exchange-listed hotel chain’s performance in the year ended December 2021 and future prospects. Excerpts. Read More

Dedza One-Stop Border Post Delays by 5 Months
Transport Minister Jacob Hara has said the Dedza one-stop border post is expected to be operational by August this year. The post has been delayed by five months as it was expected to be completed by March this year. Read More

MITC Tips Private Sector on Partnership Chances
Malawi Investment and Trade Centre (MITC) has urged players in the private sector to attend the CII Exim Bank conclave on India-Africa growth partnership expected to take place from 19 July 2022 in New Delhi, India. Read More

Politicians Open Twice as Many Companies as Others – Researcher
Researcher Sam Jones said on Thursday that the creation of companies owned by politicians in Mozambique had risen twice as much as the number of companies created by people without political positions, warning that this can create conflicts of interest. Read More

South Africa
Eskom CEO De Ruyter Thrilled with Prospect of IPPs Unleashing 1,800MW
In a move to expedite independent renewable energy generation, Eskom has identified 18 winning bids for an auction that it took to market in April to offer independent power producers (IPPs) use of vacant land with direct access to the national grid. Read More

South African Universities Rule Roost in Africa
South Africa can claim to be the home of the most successful higher education system in Africa, as seven of its 26 public universities were ranked among the top 1 000 universities globally in the QS World University Rankings 2023, released earlier this month. Read More

Biotech Collaboration Paves Way for First African-Owned COVID-19 Vaccine
A collaboration between two leading biotech companies, the South Africa-based Afrigen and the Belgium-based Univercells will work together to develop a novel regional mRNA vaccine. Read More
Govt Revenues Above Target
Government will next month review the mid-year performance of this year’s budget. According to a statement by the Ministry of Finance and National Planning, the review of the budget will cover the period January to June. “Read More

Zambia is Back in Business, in the Champions League-HH
In his address to Members of the European Parliament, President Hakainde Hichilema thanked the European Parliament for its support, advocated closer relations with the EU and condemned the war against Ukraine. Read More

HH Appeals to EU to Partner with Zambia in Exploring Investment Opportunities
President Hakainde Hichilema has urged the European Union (EU) to partner with Zambia in exploring investment opportunities. Addressing the EU Parliament in Brussels, Belgium this morning, President Hichilema said Zambia’s vast freshwater bodies, arable land and central location make it better placed to be at the centre of ending poverty in Africa. Read More
Western Africa
Cote D’Ivoire
Cote d’Ivoire Aims to Deploy 7,000 Kilometer of Fibre by 2025
Cote d’Ivoire’s Minister of Communication and the Digital Economy has unveiled more details of the projects to be undertaken as part of the government’s National Development Plan 2021-2025. Read More

Honoris United Universities Seeks Western Standard of Education in New African Markets
Africa’s largest private higher education network Honoris United Universities plans to expand in Egypt, Kenya and Côte d’Ivoire, Chief Growth and Strategy Officer Laura Kakon tells The Africa Report. Read More

Ghana Second Most Attractive Country to Invest in Africa – 2022 CEO Barometer Report
Ghana has been tipped as the second most attractive country on the continent for Chief Executive Officers (CEOs) to invest in, a 2022 CEO Barometer survey has shown. Read More

Bawumia Launches First Tier 4 Data Center in Ghana
The Vice President, Dr. Mahamudu Bawumia, has launched the first-ever Tier 4 Data centre in Ghana, ONIX Data Centre. Read More

Awal Honoured for Spearheading Tourism Drive
The Minister for Tourism, Arts and Culture, Dr. Ibrahim Mohammed Awal, has been awarded by the Mediterranean Tourism Foundation for spearheading an innovative tourism drive in Ghana and Africa. Read More

Government Prepares Response Team to Fix Roads and Bridges Destroyed by Floods – Minister
The Government through the Ministry of Roads and Highways had put together a special response team and a programme to quickly reconstruct all devastated roads and bridges. Read More

Airlines Rally Governments Behind Safe Rollout of 5G Networks
World airlines have urged governments to work closely with the aviation industry to ensure that aviation and incumbent aviation safety systems can safely co-exist with new 5G services. Read More

Meta Launches Digital Training for NGOs across Anglophone West Africa
Meta has officially launched its non-profit training programme, a digital capacity building programme for 1,500 non-profit personnel across Anglophone West Africa. Read More

Earnipay to Extend Business Activities across Sub-Saharan Africa
An indigenous Fintech Solution provider, Earnipay, has unveiled plans to extend its business activities across sub-Saharan Africa, just as the firm is targeting to offer on-demand salary solutions to one million employees in the next five years. Read More

FG Launches Initiative to Boost Service-Wide Financial Literacy
Lack of primary skills on how to manage, save and invest money was one of the reasons why public employees experience financial troubles, as most public servants do not cultivate an effective saving habit, the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed has said. 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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