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21 November 2022
Eastern Africa
Ethiopia
Some 200,000 Hectares of Land Covered with Wheat Seed in Oromia Region, Regional Vice President Says
Some 200,000 hectares of land has been covered with wheat seed as part of the summer irrigation program in Oromia Regional State, Regional Vice President Awolu Abdi disclosed. Read More

Addis Ababa Host Choose France Students, Career Fair
The Embassy of France in Ethiopia, alongside Campus France (French public institution in charge of promoting Higher Education), organized an event from the 17th to 19th of November 2022 in Addis Ababa, Ethiopia. Read More

ATEX Set to Boost Intra-Africa Trade
African countries should use the innovative Africa Exchange Trade Platform (ATEX) and boost digital trade in critical commodities under the Africa Continental Free Trade Area. Read More

Addis Ababa to Host Design Week
In strategic partnership with Keste Damena Foam & Beyond and D!NK Multimedia, Design Week Addis Ababa, the leading creative festival in East Africa, is set to take place in Ethiopia’s capital next week. Read More

Kenya
Bill Sets Up KRA Tax Dragnet for 4 Million Cryptocurrency Users
The Kenya Revenue Authority (KRA) will go after the more than four million Kenyans who own cryptocurrencies if MPs approve changes to the law aimed at regulating and taxing the fast-growing digital currency trade. Read More

Base Titanium Injected KES 16.5 Billion Into the Economy
Kwale miner Base Titanium injected KES 16.5 billion (approx. USD 135 million) into the Kenyan economy through royalties, taxes and supplier purchases in the year ending June 2022, new disclosures by its Australian parent Base Resources show. Read More

China’s Debt Costs Leapfrog Creditors for First Time in Q1
Kenya’s bilateral debt repayments to China for the first quarter have surpassed remittances to foreign commercial lenders for the first time, the latest Treasury filings show. Read More

Traders Withdraw KES 1.5 Billion Tea After Auction Price Falls
The value of tea at the Mombasa auction dropped to retail below the government-set minimum price, leading to a withdrawal of Sh1.5 billion worth of the beverage at the market. Read More

Rwanda
Kagame Arrives in Qatar Ahead of FIFA World Cup Opening
President Paul Kagame has arrived in Doha, Qatar where he'll be joining other world leaders for the opening ceremony of the FIFA World Cup 2022. Read More

Mushikiwabo re-elected La Francophonie’s Secretary General
Louise Mushikiwabo has been re-elected as the Secretary General of the International Organisation of La Francophonie (OIF). Read More

PM Calls for Greater EBM Uptake
Prime Minister Edouard Ngirente has urged businesses to use Electronic Billing Machines (EBM), and consumers to always demand EBM receipts. Read More

Rwanda FDA Bans Sale of Chocolate Brand Over Quality Concerns
The Rwanda Food and Drug Authority (RFDA) has ordered businesses to stop selling Toblerone chocolate, saying it is associated with quality issues. Read More

Tanzania
Govt Expecting 8 Billion Yearly from Graphite Exploitation
The Government expects to earn over USD 3.6m annually once the envisaged graphite mine at Mahenge in Ulanga District, Morogoro Region, starts operations. Read More

Government to Intensify Fighting Counterfeiters, Smuggling
The ministry of investment, industry and trade has pledged high protection of local investors and businesses against counterfeit and smuggling to boost their returns on investments. Read More

Dar Stock Market Maintains Bullish Trend
The Tanzanian equities market had another bullish momentum last week, as investors’ appetite remained stimulated, resulting in positive trading activities through the week. Read More

Egyptian Firm for Dar es Salaam Vehicles, Traffic Flow Scans
An Egyptian technology firm, Go Plus, is gearing up to conduct vehicle inspections and offer traffic management solutions in Dar es Salaam to reduce accidents and ease congestion. Read More

Uganda
China to Grant Zero-Tariff Treatment to 98 Percent of Imports from Uganda
Ninety eight percent of Ugandan goods will, starting 1 December, access the Chinese market at zero tariff, officials said here. Read More

South-South Cooperation Project Between Uganda and China Advances to New Level
A highly successful South-South Cooperation project between China and Uganda, supported by the Food and Agriculture Organization of the United Nations (FAO), moved towards its latest stage this week as a Chinese expert team prepared to deploy to Uganda to provide technical support for implementation of Phase III, which is now being launched. Read More

African Development Bank Invests USD 20 million in Sub-Saharan Africa
The Board of Directors of the African Development Bank Group has approved an equity investment of USD 20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about USD 400 million into renewable energy and resource-efficiency assets across sub-Saharan Africa over a 10-year period. Read More

Employees Urged to Embrace Digitisation as Workplace Environment Changes
The Covid-19 pandemic has had dramatic effects at many workplaces in Uganda with several enterprises forced to go through unparalleled disruptions and adapting to new circumstances. Read More
Northern Africa
Egypt
ELTS Hosts Inaugural Congress Announcing Pledge to Accelerate Organ Transplantation in Egypt

The Egyptian Liver Transplant Society (ELTS) held its inaugural congress announcing its pledge to support an unprecedented breakthrough in organ transplantation in Egypt with ambitions to help 70,000 patients in need of life-saving organ transplants by 2030. Read More

Egypt Launches Fund to Help Companies Transform into Green Economy
The Ministry of Planning and Economic Development has launched EgyCop, the first Egyptian entity to fund the projects that reduce carbon emissions in Egypt. Read More

Transitional Committee for Damages and Losses Fund to Start Implementation in Coming Months: Egypt’s Climate Champion
Egypt’s High-Level Climate Champion at the UN, said that the COP27 succeeded in pulling off an unprecedented historic achievement, Establishing a fund for losses and damages. Read More

US Dollar Expected to Exchange at EGP 26-27 by End-2023: Hany Genena
In an interview with Daily News Egypt, economist and American University in Cairo Adjunct Professor Hany Genena said that he expects that the US dollar could exchange at EGP 26-27 by the end of the year 2023. Read More

Morocco
Fez to Host African Women in Media’s Sixth Conference
African Women in Media, a non-governmental NGO for women in the media industry, announced on Saturday holding its sixth annual conference in Morocco’s Fez. Read More

SOREC's International Meeting: Preserving Morocco's Equestrian Heritage
Following a two-year hiatus due to the COVID-19 pandemic, Morocco's Royal Society of Horse Encouragement (SOREC) hosted the 8th edition of the Morocco International Meeting to commemorate the country’s equestrianism. Read More
Southern Africa
Malawi
Germany Supports Malawi with EUR 8 Million
The German government has channeled EUR 8 million into the reserves of the central bank for a social cash transfer programme, a move meant to help ease forex woes in the country.  Read More

RBM Strategic Plan Misses Set Targets
The three-year Reserve Bank of Malawi (RBM) strategic plan has failed to meet its strategic objectives, falling short on almost all its set targets, it has emerged. Read More

Local Rice Growers Eye South Africa Market
Rice growers in Karonga District have expressed hope of turning their fortunes with Kilombero rice following interest from South Africa where the product is said to be on high demand. Read More

Private Sector Credit Slows in September—RBM
Credit to the private sector slowed to 22.3 percent in September from 24.4 percent in the previous month, Reserve Bank of Malawi (RBM) figures have shown. Read More

Mozambique
Mozambique Makes First Export of Liquefied Natural Gas
Mozambique is significantly being exposed to the EU's planned Carbon Border Adjustment Mechanism, mainly due to its large aluminium export to the EU. Read More

South Africa
Cabinet Gives Go-Ahead for Restrictions on Scrap Metal Exports
The government is set to introduce tighter measures to curb metal infrastructure theft, including possibly banning the export of scrap metal, despite objections by a number of stakeholders and the EU, a key trading partner. Read More

Global Asset Manager Rohatyn Group to Buy Out Ethos Private Equity
The Rohatyn Group, a specialised global asset management firm focused on investments in emerging markets and real assets, has agreed to acquire Ethos Private Equity for an undisclosed amount. Read More

Barloworld to List Avis as a New Business in December
Barloworld will unbundle its stake in car-hire firm Avis SA and list its car rental and leasing business, which includes Avis and Budget, separately on the JSE as the Zeda Group next month. Read More

Car Buyers Feel Financial Pinch as Rate Hikes Hurt
Growing numbers of car buyers are begging for credit extensions and debt counselling as inflation, rising interest rates and sky-high fuel prices undermine their ability to pay for their vehicles, say banks. Read More

Zambia
Government Urged to Actualise the MFEZ in Kabwe
Kabwe Chamber of Commerce and Industry (KCCI) president, Andrew Sinyangwe, has advised government to actualise the proposed Kabwe Multi Facility Economic Zone. Read More

Lusaka Chamber of Commerce Signs MoU with CiT of Egypt
The Lusaka Chamber of Commerce has yesterday signed a Memorandum of Understanding (MoU) with Egypt’s Chamber of Information Technology and Telecommunication (CiT) to support Zambia with its information and technological support. Read More

Zambia to Launch Smart Rural Communities Pilot Project
The government has announced the launch of the Smart Rural Community pilot project aimed at increasing access to key services by rural communities in the country. Read More

African Ports Could Be Strengthened by the Adoption of Smart Technology
With 38 of its 54 states being coastal or island states, it is no surprise that Africa is home to over 100 port facilities, including massive terminals in Durban, Port Elizabeth and Cape Town in the south, and Mombasa and Dar es Salaam in the east, and Lagos in the west. Read More
Western Africa
Cote d'Ivoire
Endeavour Mining Makes Major Greenfield Gold Discovery in Ivory Coast
Endeavour Mining PLC said Monday that it has made a major greenfield gold discovery on its 100%-owned Tanda-Iguela property in the Ivory Coast and that it has the potential to be another flagship asset. Read More

Ghana
Organised Labour Proposes a 60 Percent Increment in Base Pay for 2023
Organised Labour has proposed a 60 percent increment in base pay for the year 2023 as they begin negotiations with the government. Read More

BoG to Continue Policy Rate Hiking Cycle as Part of IMF Condition – Fitch Solutions
The Bank of Ghana will continue its policy rate hiking cycle, increasing the benchmark interest rate to 27 percent by the end of 2023. Read More

88 Percent of Business Leaders Believe Government Taxes Are Too Many – KPMG Survey 
Eighty-eight percent of business leaders surveyed by accounting and auditing firm, KPMG, have revealed that the government takes too many taxes and yet there is little to show for these taxes. Read More

Financial Sector Players Urged to Enhance Role in Tackling Money Laundering
Financial sector players have been asked to enhance their gatekeeping function to protect investments. Read More

Nigeria
UNILAG-Nord Inaugurates Auto Plant
The University of Lagos is set to manufacture drones and provide its engineering lecturers and students the hands-on or practical skills for drones and automobile assembling. Read More

Lekki International Airport to Catalyse Growth in the Lekki Free Zone
The Federal Government’s approval to construct the Lekki International Airport has increased investors’ interest in the commercial and residential area of the Lekki Free Zone, and Alaro City in particular. Read More

Akwa Ibom Government Woos Investors for Affordable Housing Scheme
The Akwa Ibom State government has established partnership with British African Business Alliance and PJ-IC International, toward the provision of affordable housing schemes for civil servants in the state. Read More

Dangote Cement Mulls NGN 406 Billion Share Buyback
Dangote Cement Plc plans to buy back 10 percent of its issued share capital in a transaction valued at more than NGN 406 billion (approx. USD 3.3 billion), it was learnt at the weekend.  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.
SOURCES

Financial Times
Business Daily Africa
Daily Nation, Kenya
Reuters
New York Times
Daily News, Tanzania


CNBC, South Africa
Independent Uganda
Xhinuanet
Daily News, Egypt
Sudan Commerce News
Sudan News Agency
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