22 November 2022
Eastern Africa
PM Abiy Discusses with Members of Sudan Transitional Sovereign Council
Prime Minister Abiy Ahmed received this morning members of the Sudan Transitional Sovereign Council. Read More

Enhancing Capacity of Labour Attachés of Horn Nations in Middle East Crucial to Protect Migrant Workers: IGAD
Enhancing the capacities of Labour attachés of East African countries based in the Middle East is vital to improve the working conditions and protection of migrant workers, the Intergovernmental Authority on Development (IGAD) underscored. Read More

UNHCR, UNICEF Say Humanitarian Aid Arrive in Mekelle
The first delivery of humanitarian aid arrived in Tigray since the peace agreement, according to tweets by UNICEF and UNHCR. 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

Africa Hospitality Investment Forum Returns to Nairobi
The Africa Hospitality Investment Forum, the premier tourism and hospitality investment conference in Africa, will return to Nairobi on 12-14 June 2023, the organizers said. Read More

MPs Debate GMO Maize Imports
Parliament will this afternoon hear a petition seeking to stop the planned importation of 10 million bags of GMO maize in efforts to protect farmers’ earnings that will set the stage for further inflation rally. Read More

NSSF Names Acting Boss as Omerikwa Exits After 7 Years
The State-controlled National Social Security Fund (NSSF) has appointed an acting managing trustee to replace Anthony Omerikwa who left the position Monday after serving his single three-year term. Read More

Ship with 10,000 Tonnes of Maize Imports Docks in Mombasa
A ship carrying 10,000 tonnes of imported maize will be docking at the port of Mombasa, coming just days after the State said it will open the duty-free window for the produce. Read More

Rwandan Farmers Bank on High-Yield Pig Breeds from Europe
Pig farmers in Rwanda have begun importing modern pig (swine) breeds from Europe for better or high yields. Read More

‘Diasporas To Boost Country Tech’
Tanzania Investment Centre’s (TIC) has challenged diaspora entrepreneurs to invest back home, especially in technology and innovations to speed up the country’s economic advancement. Read More

NMB Single Borrower Hits 325 Billion
NMB Bank, one of the largest lenders in the country, single borrower limit has increased by 30 percent to hit a historic level thanks to the lender’s solid performance. Read More

Mwanza Hosts Financial Week Fair
The National Financial Week Services kicked off with public education and awareness being the top priority during the celebrations. Read More

JICA Trains 4000 in Modern Agri-Skill
A total of 4,000 farmers have benefited from the Smallholder Horticulture Empowerment and Promotion (SHEP) agricultural projects coordinated by the JICA Alumni Tanzania Association in collaboration with the Japan International Cooperation Agency (JICA). Read More

Using Circular Economy Transition to Spur Growth
Uganda is strategically positioned to serve as the circular economy centre for Africa. In its Vision 2040 strategy, which also intends to incorporate green economy and climate resilience measures, the government has placed the environment at the centre of all its policies, programmes, and initiatives. Read More

Yuti and UWEC name Entebbe White Tiger YURA
Yuti Breweriies under their flagship beverage brand Yura Beer, have signed an agreement with Uganda Wildlife Education Centre (UWEC) that gives them the naming rights for the white tiger in the Entebbe Zoo. They have officially named him YURA. Read More

Kituuka is New Equity Bank Uganda MD
Equity Bank Uganda has announced the appointment of Anthony Kituuka as the new Managing Director with immediate effect. Read More
Northern Africa
Energy windfall Improved Algeria's Economic Position, Says IMF

Higher energy prices have "materially improved" the Algerian economy's near-term outlook, the International Monetary Fund (IMF) said, adding that fiscal rebalancing is still needed to put public finances on a sound footing. Read More

African Unity Road linking Algiers to Lagos nears completion
It's a road that will link six African nations, improving transport and delivering high-speed internet across the continent. Read More

Egypt to Prepare Strategic, Detailed Maps for Intended 74 industrial Zones

Minister of Local Development Hesham Amna stated that LE50 million have been allocated, as a first batch, to preparing strategic and detailed maps for intended 74 industrial zones, which will be dispersed across the country. Read More

Orange Egypt's Sharm El Sheikh Store Mesmerizes COP27 Attendees
Orange Egypt's Sharm El Sheikh branch is so dazzling that you'd think you're in a future green museum rather than a customer-service facility. This coincides with Sharm El Sheikh's hosting of COP27. Read More

Talaat Moustafa Group Partners with valU to Offer Convenient Payment Solutions Across Two of its Malls in Madinaty and Al Rehab
The agreement will see valU offer flexible Buy-Now, Pay-Later (BNPL) solutions across TMG’s Open Air Mall in Madinaty and Gateway Mall in Al Rehab, and launch two arenas for the viewing of football matches. Read More

Dollar Price Stable at Egypt's Major Banks
The US dollar exchange rate was stable at the beginning of Sunday's transactions at Egypt's major banks. Read More

Morocco Makes its Largest Foreign Investments in Nigeria
Morocco’s ambassador to Nigeria Moha Ou Ali Tagma has emphasized the importance of Moroccan-Nigerian cooperation, highlighting the two countries' determination to work in different fields. Read More

Morocco’s UM6P-Al Moutmir Program to Expand to Over 25,000 Hectares
The UM6P-Al Moutmir direct seeding program plans to extend its offer to cover over 25,000 hectares for the 2022-2023 agricultural season in Morocco. Read More

Morocco’s FM Receives US Ambassador to Morocco
Morocco’s Foreign Affairs Minister, Nasser Bourita, received for the first time the recently appointed US Ambassador to Morocco, Puneet Talwar, at the Ministry of Foreign Affairs in Rabat. Read More

UN, Morocco to Strengthen Cooperation on Child Protection
Morocco’s Princess Lalla Meryem met the UN Secretary General's Special Representative on Violence Against Children Najat Maalla M'jid, in Rabat. Read More
Southern Africa
Government to Borrow USD 17 Million for Kapichira Plant
The government intends to borrow USD 17 million from the World Bank to put up a temporary cofferdam at Kapichira Hydropower plant. Read More

Malawi Import Cover Remains Volatile
Malawians have a long way to go before they see stability in forex availability and supply of some essential imports as the country’s official foreign exchange reserves position maintained a downward spiral. Read More

Smedi Says MSMEs Crucial to Microeconomic Stability
Small and Medium Enterprises Development Institute (Smedi) say micro, small and medium enterprises (MSMEs) play a critical role in the country’s socio-economic development. Read More

Firm Set to Start Making Fertiliser
Rural Development Investment Holdings says its MWK 1 billion (approx. 972,000) fertiliser manufacturing factory will roll out in the first quarter of 2023, raising hopes for improved agricultural production and job creation. Read More

Nyusi Invites More Portuguese Businesses to Invest in Mozambique
Speaking at the opening of the Montebelo Mosteiro de Alcobaça Hotel, in Portugal, President Nyusi reiterated his invitation to Portuguese businesspeople to invest in Mozambique. Read More

Nyusi invites Finnish businesses to invest – AIM report | Watch
Mozambican President Filipe Nyusi invited Finnish businesses to invest in Mozambique and take advantage of the enormous opportunities the country has to offer. Read More

Mahindra to Invest 250 million Meticais in Mozambique Expansion
Loydy D’Costa, director general of MHL Auto, the Mahindra concessionaire in Mozambique, said in Maputo that the company would invest a further 250 million meticais in infrastructure in Mozambique. Read More

South Africa
South Africa Aims to Boost Third-Party Access to Fuel Storage Facilities
Mineral resources and energy minister Gwede Mantashe says the state is moving to boost strategic fuel stocks by ensuring third parties have improved access to storage facilities. Read More

Pepkor Ups Dividend as Profit Grows but Hit by Power Cuts
Pepkor increased its dividend by close to a quarter as its profit grew by a similar margin, but load-shedding hit the low-cost retailer as the number of trading hours lost to power cuts more than doubled. Read More

Viceroy was Paid ZAR 10 Million for its Hatchet Job on Capitec
The outcome of an application by Viceroy Research and its three partners to set aside a R50 million fine imposed by the Financial Sector Conduct Authority (FSCA) contains a few surprises. Read More

EY Sustainability – Sibanye-Stillwater’s Themba Nkosi Discusses its ESG Strategy
Themba Nkosi is the chief sustainability officer at Sibanye-Stillwater, a position he has held since May 2022. Read More

Zambia’s Copper amid the Energy Transition 
Copper is critical to the climate and energy transition agenda. Despite mining copper for close to a century, Zambia, the copper-rich nation has not benefitted from its mineral wealth as poverty and inequality remain widespread. Read More

GGGI and German Federal Ministry for Economic Affairs and Climate Action Launch the Community of Practice for Article 6 Implementing Countries
The Global Green Growth Institute (GGGI) and the German Federal Ministry for Economic Affairs and Climate Action launched the Community of Practice for Article 6 Implementing Countries. Read More
Western Africa
Cote d'Ivoire
Endeavour Mining Finds Potential New Flagship Gold Project in West Africa
Endeavour Mining said it had made a major greenfield gold discovery in Côte d’Ivoire, which has the potential to become a new flagship asset for the company. Read More

Idris Elba to Join in Conversation at the Creative Africa Nexus Weekend in Abidjan
The Creative Africa Nexus Weekend, taking place from 25 – 27 November 2022 in Abidjan, Côte d'Ivoire, will feature international superstar Idris Elba. Read More

ECOWAS Bank for Investment and Development Receives Top Crans Montana Award in Geneva
The President and Chairman of the ECOWAS Bank for Investment and Development, Dr. George Agyekum Donkor was awarded the prestigious Prix de la Fondation by the Crans Montana Forum at a ceremony in Geneva, Switzerland. Read More

European Union injects EUR 2.5 Million into Ghana’s Agricultural Sector
The European Union has injected EUR 2.5 million into Ghana’s agricultural sector to help increase farmers’ access to credit facilities to finance their agricultural production and businesses in the agricultural value chain within the next six years. Read More

Africa’s Transformation Requires Industrialization – Antonio Pedro 
Africa has been on a long route of economic and social transformation, as countries on the continent seek to harness their full potential to improve their economies and the standards of living of their citizens, and that transformation has long been thought could be attained through industrialization. Read More

Puma Energy Extends Solar Installation Offer to Industrial and Commercial Customers
Puma Energy has announced that from 2023 it will offer its commercial and industrial customers the chance to install solar on their sites. Read More

Property Tax Can Help States Improve IGR
Former Chairman, Nigeria Institution of Estate Surveyors & Valuer, Lagos State chapter, Dotun Bamigbola has added his voice to the call that states can shore up their lnternally Generated Revenue. Read More

IGP Relates Conducive Workplace to Proper Policing
Inspector-General of Police, Usman Baba has said that good policing and community relations cannot be divorced from good work environment. Read More

Pantami Begins Broadband Projects
The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, will on 24 November 2022, in Abuja, preside over the commencement of landmark broadband initiatives to be implemented by the Nigerian Communications Commission. Read More

FG Boosts Local Production for Forex Earnings
The Federal Government is targeting zero rejection of Nigerian products at the global market to drive foreign exchange earnings and boost revenue. 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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