22 June 2022
Eastern Africa
Green Legacy Diplomacy Aimed at Integrating Horn of Africa, Says Deputy Premier
Ethiopia has been demonstrating its partnership by working on Green Legacy Diplomacy aimed at creating integration in the Horn of Africa, Deputy Prime Minister and Minister of Foreign Affairs Demeke Mekonnen said. Read More

Ethiopia Launches 4th Green Legacy Program
The Government of Ethiopia launched the 4th Green Legacy program, which targeted to plant 6 billion seedlings across the country and combat deforestation. Read More

Kenyan Travellers to Suffer as Europe Airports Slash Flights
Passengers from Kenya are among those that would be hit by a directive issued by a number of airports in Europe, requiring carriers to operate reduced number of flights to avoid a standoff caused by high number of people travelling in the summer. Read More

Watchdog Probes Steel Companies over Price-Fixing
The competition watchdog has launched a probe into the country’s top steel manufacturers over allegations of price-fixing blamed for the elevated costs in the construction industry. Read More

KRA Staff to Wear Cameras in War Against Kickbacks
The Kenya Revenue Authority (KRA) workers will start body-worn cameras in the latest bid to curb tax cheating and crack down on staff bribery that abets duty evasion. Read More

KQ Intends to Buy 40 Flying Taxis from Brazil
Kenya Airways (KQ) has signed a deal that will see it buy 40 flying taxis from two Brazilian firms as part of the airline’s diversification through its new subsidiary Fahari Aviation. Read More

RwandAir CEO to Head Global Aviation Body
The annual general meeting of the International Air Transport Association has elected RwadAir's Chief Executive Officer, Yvonne Makolo, as the group's next chair. Read More

TPA to Build a Dry Port in DRC to Reduce Wastage Time, Costs
TPA Director General Erick Hamissi revealed this during bilateral technical meeting between officials from the government of the United Republic of Tanzania and Democratic Republic of Congo aimed at enhancing business relations and remove challenges facing transport and logistics sectors. Read More

Agriculture Permanent Secretary Lauds IITA’s Commitment to Tanzania’s Agricultural Development
Tanzania’s Ministry of Agriculture Permanent Secretary, Hon. Andrew Massawe applauded IITA’s achievements in attaining agricultural milestones. Read More

Zanzibar Leases Six More Investor Islets
Zanzibar has leased six additional islets to private investors for USD 5.8 million, according to the Minister for Planning Saada Mkuya in the proposed budget estimates for the 2022/2023 financial year presented this week. Read More

Dr. Jane Goodall Visits Calgary with an Urgent Message on Climate Change
Renowned primatologist and environmentalist Jane Goodall is in Calgary this week to talk about her adventurous life in the forests of Tanzania to study wild chimpanzees and share a message of urgency regarding the climate crisis. Read More

UK Government Hands over FSDU Anchor Donor Role to Gates Foundation
The UK Government has stepped down from funding Financial Sector Deepening Uganda and handed over that role to the Bill and Melinda Gates Foundation, it said on 15 June in a media statement. Read More

Interbank Lending Gets Major Boost as Tradeclear Platform Covers Risk
Fifteen Ugandan banks have signed onto the TradeClear platform to ease and boost interbank trade within the country.  Read More
Northern Africa
Algeria Meets with Nigeria and Niger for Trans-Sahara Gas Pipeline Project
Algeria's Energy Ministry has revealed details of a meeting with Nigeria and Niger to discuss a trans-Sahara gas pipeline project. Read More

Egypt, Qatar Sign MoU on Financial Policy Coordination
Egyptian Minister of Finance Mohamed Maait and his Qatari counterpart Ali bin Ahmed Al Kuwari have signed a memorandum of understanding (MoU) on the sidelines of the Qatar Economic Forum. Read More

ACWA Power Signs USD 1.5 Billion Contract with Egypt to Build Largest Wind Power Plant in Middle East
Saudi Company ACWA Power signed a contract with Egypt’s Ministry of Electricity to invest USD 1.5 billion in the construction of the largest wind power plant in the Middle East. Read More

Egypt Signs Agreement with Lebanon, Syria to Supply Natural Gas
Egypt, Lebanon and Syria signed an agreement to transport 650 million cubic meters of gas annually from Egypt to Lebanon via Syria, in a ceremony held at the Lebanese Ministry of Energy in Beirut. Read More

New Berths to be Constructed at Alexandria Port to Increase Trade Movement
The Egyptian Minister of Transport Kamel el-Wazir accompanied an inspection tour at Alexandria Port, to follow up on the implementation rates of projects, among of them the establishment of new berths.   Read More

Middle East Aviation Sector Recovers, Reaching 80.5 Percent of 2019 Capacity
Border reopening in 2022 has boosted the Middle East’s aviation sector with the region recording less losses this year estimated at USD 1.9 billion, compared to a USD 4.7 billion loss last year, according to the International Air Transport Association. Read More

Marrakech to Host Israel, UAE Media-Backed Global Business Forum
Morocco’s Marrakech is set to host on 17 November an annual business forum jointly organized by the Isreali newspaper The Jerusalem Post, the United Arab Emirates’s Khaleej Times, and Morocco’s GMH Media Group. Read More

Morocco’s AgriFood, Packaging Sectors Partner to Cut Reliance on Imports
Moroccan federations in the agrifood and packaging sectors agreed to cut the country’s reliance on imports and create 7,500 direct job opportunities by 2060.  Read More

Morocco to Sign 1st Purchase Contract for Liquified Natural Gas
Morocco will soon sign its first purchase contract for liquefied natural gas in a bid to meet its energy demands amid the global energy crisis. Read More
Southern Africa
Planning Commission Wants Productive AIP
National Planning Commission has proposed radical reforms in the multi-billion-kwacha Affordable Inputs Programme (AIP) to act as a productivity-enhancing social protection programme than the current consumptive one. Read More

Mpico Moves to De-Risk Business
Mpico has moved to minimise business risks by indicating that it will not renew some of the leases it has with government to move away from over-reliance on a single client. Read More

ECO Bank Posts 12 Billion BTX Profit In 2021
Despite a tough economic landscape, coupled with the Covid-19 pandemic, the depreciation of the Malawi kwacha, weather shocks and fiscal slippage, Eco Banks has posted a MWK 12 billion (approx. USD 12 million) profit before tax, representing a 15 percent growth in 2021. Read More

Malawi Starts Importing Fuel Via Railway Through Nacala Port, Mozambique
Malawi has started importing fuel by rail through the port of Nacala in Mozambique as a result of diplomatic talks between Malawian president Lazarus Chakwera and Mozambique’s Filipe Nyusi. Read More

Taxi Drivers Want to Charge 50 Meticais More Per Kilometre in Maputo City
Taxi drivers in Maputo City want an increase in fares of 50 meticais per kilometre, from the current 100 to 150 meticais. The class feels abandoned because taxi fares have not been updated for seven years, TAXIMA claims. Read More

South Africa
Minimum Wage Changes Proposed for South Africa
South Africa’s labour unions are in discussions with the government to equalise minimum wages across all sectors. Read More

BRICS Summit: South Africa to Strengthen Ties With Russia, China and Partners
Cape Town - As the leaders from Brazil, Russia, India, China and South Africa (BRICS) gear up for their 14th summit, President Cyril Ramaphosa aims to further strengthen ties for South Africa’s growth and job creation. Read More

ZAR 6 Billion Plan to Overhaul SA’s Busiest Border Posts
The Department of Home Affairs plans to issue a public request for proposals “in a few months’ time” for an ambitious ZAR 6 billion (approx. USD 375.6 million) project to completely overhaul and rebuild South Africa’s six busiest border posts, Minister of Home Affairs Aaron Motsoaledi has confirmed. Read More

Sars Wins ZAR 71 Million VAT Case Against Capitec
In a bold move, the South African Revenue Service (Sars) appealed an adverse Tax Court decision directly to the Supreme Court of Appeal, which overturned the Tax Court decision with costs, including the costs of two counsel. Read More
We Have Not Cancelled Any Legally Signed Hunting Concessions, Minister of Tourism Tells Parliament
Tourism Minister Rodney Sikumba has told parliament that the government has not cancelled any legally signed hunting concessions, but has proposed and agreed to defer the signing ceremony of the hunting concession agreements to give it sufficient time to review the process. Read More

The CDF Act of 2018 Should be Immediately Amended as it Hinders Decentralization
The Zambia National Men’s Network for Gender and Development is calling for the urgent amendment of the Constituency Development Fund (CDF) Act No 11 of 2018. Read More
Western Africa
Cote D’Ivoire
Deputy Secretary Graves Concludes Trip to West Africa: Addresses Increasing Economic Empowerment of Women and Bilateral Commercial Engagement Across Continent
Deputy Secretary Don Graves concluded his trip to West Africa, where he met with representatives from the governments of Côte d'Ivoire and Ghana, participated in key commercial forums to drive investment and create opportunities for U.S. businesses across Africa, and engaged with private sector and NGO representatives. Read More

Two Bodies Discuss Measures to Reduce Shipping Cost
As part of efforts to make shipping a cost-effective venture for importers and exporters, the Ghana Shippers’ Authority has held an engagement with the Ghana Union of Traders Association and the Committee of Freight Forwarders' Association on ways to reduce the cost of shipping. Read More

Government’s Affordable Housing Scheme on Course – Says Minister
The government’s nationwide affordable housing project is on course, Dr Freda Prempeh, a Minister of State in charge of Works and Housing has said. She explained her ministry was finalising processes of securing land banks across the country for the implementation of the project, saying paper works and documentation on the lands were progressing. Read More

AfDB Prepares USD 28 Million Post COVID-19 Programme for Ghana
The African Development Bank is preparing a USD 28 million post-COVID-19 recovery programme that will develop skills and encourage research and development so that the government can better fight pandemics in the future. Read More

Ecobank Posts Impressive Results
Ecobank Ghana has emerged as one of the most profitable banks in the country with a profit before tax of GHS 894 million (approx. USD 113 million). Read More

NEWSBuhari Seeks Ease of Doing Business in Nigeria, Transmits Bill to NASS
President Muhammadu Buhari has forwarded the Business Facilitation (Miscellaneous Provisions) Bill 2022, to the National Assembly for its consideration and passage. Read More

SCGN, FRC Seal Pact on Corporate Governance Practices
Plans are underway by the Society for Corporate Governance Nigeria (SCGN) in partnership with the Financial Reporting Council of Nigeria (FRC) to reward individuals and institutions that have complied with and promoted corporate governance practices in Nigeria. Read More

NIPOST, NRC Collaborate on Cargo Movement, Others
The Nigerian Postal Service (NIPOST) will collaborate with the Nigeria Railway Corporation (NRC) on the movement of cargo and other postal services to boost Nigeria’s economy. Read More

Cooking Gas, Kerosene Prices Compound Households’ Woes
Nigerians are now faced with what may be termed an existential challenge as they are not just battling escalating prices of foodstuff, but also are spending more to cook. 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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