20 September 2022
Eastern Africa
GERD Won’t Create Danger to Down Stream Countries, Say Religious Fathers
Religious fathers said that the Grand Ethiopian Renaissance Dam (GERD) won’t harm and create danger on the lives of brothers and sisters in the downstream countries as the water continues to flow after generating electricity. Read More

Aysha Wind Farm Begins Power Generation, Enters National Grid
Aysha Wind Farm II has been successfully connected with the national grid after 16 of its windmills begin generating power, said the Ethiopian Electric Power. Read More

RedFox Launches State-of-the-Art Data Center Built with USD 130 Milion
RedFox Solutions Group launched the state-of-the-art infrastructure of RedFox Modular Data Center built with a cost of USD 130 million. Read More

Court Stops Tenfold Rise in NSSF Deductions to KES 2,000
The High Court has stopped the bid to increase monthly contributions to the National Social Security Fund (NSFF) ten-fold up to KES 2,068 (approx. USD 17) after it ruled that the law supporting the increments was unconstitutional. Read More

Market Leaders Panic as 10 Digital Lenders Cleared
The banking sector regulator has so far cleared just three percent of all the 288 applications eyeing the digital loans market, underlying the rigorous licensing process that promises to lock out hundreds of applicants from the lucrative industry. Read More

Gulf Africa, Mi Vida Homes Pen Homes Financing Deal
Gulf African Bank and real estate developer Mi Vida Homes have signed a mortgage financing agreement to fund homebuyers at the company’s Garden City project at a rate of 11.75 percent. Read More

NSE Admits Private Wealth Capital as a Securities Dealer
The Nairobi Securities Exchange (NSE) has admitted Private Wealth Capital to act as an Authorised Securities Dealer for fixed income securities listed on the bourse. Read More

Miners’ Body Recommit to Safeguard Environment
The mining sector has oftentimes been called on to take measures in protecting the environment and rehabilitating mining sites given their different activities of extracting and processing ores. Read More

Chinese-Financed Road Helps Ease Traffic Flow, Movement of Goods in Rwanda
A road upgrading project in Rwanda contracted to China Road and Bridge Corporation has helped ease traffic flow and advance seamless trade along the Kigali-Bugesera district, eastern Rwanda. Read More

500ha Kigali Wetlands Set Aside for Recreational Business
More than 7,000 activities encroaching on wetlands in Kigali were removed to pave way for rehabilitation and set up of suitable environment friendly recreational business, city officials have said. Read More

Extension Officers Challenged to Reach Out to Cotton Farmers
Extension officers in Chamwino District have been urged to go out to the farmers for educating them about better cotton farming. Read More

Mtwara Port Gets New Crane to Boost Efficiency
Two ships have docked at Mtwara Port carrying a crane that will be used to unload large cargos at the facility. This latest development, according to the ports’ authority, is expected to fuel the economic activities of the region. Read More

North Mara Water Treatment Plant, a Blessing to Lake Victoria Basin
Construction of an advanced treatment facility by North Mara Gold Mine to further treat recycled water through reverse osmosis is good news to the ecology of Lake Victoria basin and the great Serengeti National Park in Tanzania. Read More

TZ Enjoys Lowest Mobile Data Prices in EAC
Tanzania leads other East African Community (EAC) member states with the lowest prices for mobile data with an average price of 71 US cents for 1GB, according to worldwide mobile data pricing published by Read More

Uganda and DRC to Build Ishasha Bridge
Officials from the government of Uganda and the DR Congo last Friday signed an agreement to give way for the construction of Ishasha bridge at the border of the two countries in Kanungu District. Read More

Women in Fintech: Govt seeks to close gender gap
The Minister of State for ICT Joyce Nabosa Ssebugwawo has said government is deliberate on closing the gender gap that exists between male and female innovators in financial technology (Fintech).  Read More

Equity Sponsors 5th Great African Cycling Safari
Equity Bank Uganda together with the Ministry of East African Affairs, flagged off the 5th edition of the Great African Cycling Safari at the bank Headquarters in Kampala, Uganda. Read More
Northern Africa
Algerian Pharmaceutical Boom: A Step Towards Health & Food Security

This deep transformation in the pharmaceutical industry is strengthening the region's health security, which may in turn, help to provide food security and many labaroties around the country are participating in the effort. Read More

Gas Deal between Egypt, Lebanon Stalled Because of WB New Terms: Minister

The Lebanese Energy Minister Walid Fayyad stated to the Egyptian newspaper Al-Masry Al-Youm that the gas deal between Egypt and Lebanon is stalled because of the Caesar ACT on Syria and new terms set by the World Bank. Read More

Negotiations for Egypt to Obtain New Financing Progressing According to Set Schedule: IMF
Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund, said that negotiations to obtain new funding are continuing with Egypt and things are progressing according to the set schedule. Read More

Egypt Supplies Maersk's Ships with Clean Fuel Within USD 15 Billion Project
Egypt intends to launch a qualitative cooperation with the shipping giant "Maersk" so that it will be supplied with locally manufactured clean fuel for ships. Read More

Foreign Ministry Promotes Tourism in Egypt in Company of 12 Accredited Ambassadors in Cairo
The ambassadors met with Major General Khaled Fouda, governor of South Sinai, and also visited the "Ras Mohammed Reserve" to learn about the city's excellence in tourism and Environment at the global level. Read More

Global Index: Crypto Adoption Thriving in Morocco Despite Ban
Morocco ranked 14th in crypto adoption worldwide, the highest ranking for any country in the Middle East and North Africa, and second only to Nigeria in Africa. Read More

First Batches of Moroccan Fertilizers to Arrive in Kenya Amid Supply Shortage
El Mokhtar Ghambou, Morocco’s former ambassador to Kenya, confirmed this weekend that the East African country will soon receive batches of Moroccan fertilizers to boost its agricultural output. Read More

Morocco is French Development Agency’s Leading International Partner
A recent report from the French Development Agency has highlighted the development of the agency’s activities over the past five years in Morocco, noting that the North African country is its leading international partner. Read More

Morocco Launches Tender for Construction of Massive Irrigation Grid
Morocco’s Agriculture Development Agency has announced opening a tender for Public-Private Partnership for the development of an irrigation system across 224,1517 hectares in the Jraifia council in the Laayoune-Sakia El Hamra. Read More
Southern Africa
‘Partnerships Key to Economic Growth’
Stakeholders have agreed that partnerships remain essential in achieving development aspirations embedded in the Malawi 2063—the country’s long term development blueprint. Read More

Fertiliser Supply Challenge Looms
Private sector players say they have a combined stock of 116,000 metric tonnes of all types of fertiliser against a market requirement of 400,000 tonnes. This means the country faces a deficit of about 284,000 tonnes. Read More

Mera Reviews Fuel Import Strategies
The Malawi Energy Regulatory Authority (Mera) has said it is reviewing fuel importation strategies to ensure stability in supply of petroleum products and its prices. Read More

South Africa
Ramaphosa Rejects DA Call for Policing by Provinces
President Cyril Ramaphosa has rejected calls by the DA to transfer policing powers to provinces, saying such a move would be inconsistent with the constitution. Read More

3 New Programmes to Boost Eskom’s Power Capacity in South Africa
Eskom has launched three power purchase programmes to boost South Africa’s energy supply, but they are not immediate. Read More

Eighteen Eskom Veterans Sign Up to Help Restore Operations
Some of the interventions that have already been implemented to address Soth Africa’s energy crisis following an announcement by President Cyril Ramaphosa in July include the recruitment of former Eskom employees with experience and approval for procurement of about 1,200MW of power. Read More

Rand in ZAR 18/USD Territory and Heading Towards Lowest Level Since 2020
On the eve of the Reserve Bank’s three-day monetary policy meeting, the rand slipped towards levels last seen at the height of the pandemic-induced selling frenzy, dealing a blow to consumers and businesses battling rampant inflation. Read More

Hakainde Hichilema to Use UN Meeting to Propagate Country’s Quest to Expand Economy
Unlocking Zambia’s economy to create jobs and wealth will be President Hakainde Hichilema’s main focus as he meets various heads of international organisations and captains of industry at the ongoing United Nations (UN) General Assembly. Read More

‘COVID Vaccine Has Over 60 Percent Efficacy’
Getting vaccinated against COVID-19 gives individuals over 60 percent effectiveness against infection, scientific findings by a Zambian team of experts indicate. Read More

FRA Resumes Buying of Maize, Soya, Rice
In Response to the cry by farmers with excess produce for sale, Government has reopened Food Reserve Agency satellite depots to buy more maize, soya beans and rice. Read More

Government to Continue Employing Health Professionals in a Phased Manner
The government has said that it will continue with the employment of health practitioners in a phased manner. Read More
Western Africa
Cote d'Ivoire
Orange Unveils the First Space to Test and Discover 5G in Côte d’Ivoire
Côte d’Ivoire has opened its Orange 5G Lab, devoted to digital professionals, start-ups and businesses. This event took place at the Deux Plateaux Smart Store in Cocody, Abidjan. Read More

Tietto Hits High-Grade Gold Outside Cote d’Ivoire Resource
Tietto Minerals has landed a swag of high‐grade gold hits after diamond drilling prospects outside its Abujar project that already holds a combined 3.45 million ounce resource in Côte d’Ivoire, West Africa. Read More

Smart Africa Digital Academy Launches its National Digital Academy in Côte d’Ivoire
Smart Africa’s capacity-building arm, the Smart Africa Digital Academy continues to expand its footprint in Africa, with Côte d’Ivoire being the latest country to benefit from the digital skills development initiative. Read More

Smart Africa Digital Academy Launches its National Digital Academy in Côte d’Ivoire
The Ghana Revenue Authority has closed down the DE ICON event centre located in East Legon for not registering to pay tax. Read More

GRA Shuts Down DE ICON Event Centre for Not Registering to Pay Tax
The Ghana Revenue Authority (GRA) has closed down the DE ICON event centre located in East Legon for not registering to pay tax. Read More

Government Urged to Restrict the Importation of Infusions
The Chief Executive Officer of Atlantic Lifesciences, Dhananjay Tripathi, has called on the government to consider restricting the importation of intravenous infusions into the country. Read More

Passion Air Completes Maiden Flight to Sunyani
Domestic airline operator, Passion Air has commenced flight operations to the Sunyani Airport with a maiden flight. Read More

FG to Generate NGN 500 Billion from 5G Spectrum – NCC  
The Nigeria Communication Commission has said that the Federal Government will generate over NGN 500 billion (approx. USD 1.2 billion) in 2023 fiscal year through the 5G spectrum. Read More

Harnessing Brain Capital Via Digital Platforms
Available data have show strong positive signal to the inevitability of harnessing the Information Communication Technology sector to grow the economy. Read More

FG Gazettes Petroleum Host Community Development Regulations
The Federal Government, on Monday, said it had officially gazetted the Nigeria Upstream Petroleum Host Community Development Trust Regulations in line with the Petroleum Industry Act, 2021. Read More

‘Renewable Energy Providing More Jobs’
When the first yearly jobs census on employment from decentralised renewable energy (DRE) for rural electrification in Africa and Asia, entitled: “Powering Jobs Census 2019: the Energy Access Workforce’’, was released by Power for All. 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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