ARC East Africa Weekly Chronology
1- 7 February 2024

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Africa Risk Consulting monitors events around the region and provides users of the EAA website with this weekly summary.

 

 


Weekly Update on events in East Africa


Africa Risk Consulting – Your first choice for Africa due diligence, country assessments, strategic advice and compliance consulting.

7 Feb 2024 Kinshasa (DRC) AFP. United States (US) calls for dialogue between the government and M23 rebels with the aid of former Kenyan president Uhuru Kenyatta;

7 Feb 2024 Nairobi (Kenya) Daily Nation. Central Bank of Kenya (CBK) raises the benchmark lending rate by 50 basis points to 13% citing inflationary pressures and challenges facing the shilling;

7 Feb 2024 Nairobi (Kenya) The East African. Kenya Ships Agents Association (KSAA) says importers should expect higher charges from this week as insecurity in the Red Sea continues impacting shipping routes;

7 Feb 2024 Dar es Salaam (Tanzania) The Citizen. Government says it is considering adopting artificial intelligence (AI) in its e-government system as a way to upgrade the system;

6 Feb 2024 Djibouti (Djibouti) Africanews. Djibouti increases its coast guard patrols along the Red Sea as insecurity continues to plague the key shipping route;

6 Feb 2024 Asmara (Eritrea) Borkena. Foreign affairs ministry summons the United Kingdom’s charge d’affaires over what it alleges it continued and false accusations against Eritrea;

6 Feb 2024 Addis Ababa (Ethiopia) Al-Monitor. Prime minister Abiy Ahmed again reiterates that Ethiopia will not go to war with Somalia over Ethiopia’s quest for sea access;

6 Feb 2024 Arusha (Tanzania) All Africa. According to the Corruption Perceptions Index (CPI) published by Transparency International (TI), Tanzania, with a score of 40, is the second least corrupt country in the East African Community (EAC) region after Rwanda, which has 53 points;

5 Feb 2024 Kinshasa (DRC) News24. M23 rebel group call out the Tanzania contingent of the Southern African Development Community (SADC) Mission in the DRC over using heavy artillery during fighting, adding that they have allegedly launched rocket attacks;

5 Feb 2024 Addis Ababa (Ethiopia) The Guardian. United Kingdom’s Africa’s minister Andrew Mitchell says the risk of a humanitarian catastrophe in northern Ethiopia is growing driven by the El-Nino drought and ongoing conflict;

5 Feb 2024 Kigali (Rwanda) New Times. President Paul Kagame arrives in Washington DC (United States) to commemorate Rwanda Day;

4 Feb 2024 Addis Ababa (Ethiopia) Borkena. Parliament votes to extend the state of emergency in Amhara region by an additional four months;

4 Feb 2024 Dar es Salaam (Tanzania) The Citizen. Health officials implement measures at border points to help prevent the spread of cholera from neighbouring countries including Zambia;

4 Feb 2024 Kampala (Uganda) The East African. Several insurance companies have opted not to insure the East African Crude Oil Pipeline (EACOP), adding hurdles to the project that has already faced several delays;

3 Feb 2024 Nairobi (Kenya) AP News. President William Ruto says corruption and officials’ incompetence are what led to the recent explosion at a liquid petroleum plant that killed three people and injured over 280 others;

3 Feb 2024 Dar es Salaam (Tanzania) Bloomberg. Bank of Tanzania (central bank) forecasts GDP growth of 5.5% in 2024 after a projected 5% in 2023;

3 Feb 2024 Dodoma (Tanzania) The Citizen. The Tanzania Petroleum Development Corporation (TPDC) increases its ownership stake in Mnazi Bay onshore conventional gas development (Mtwara region) from 20% to 40%, and France-based Maurel & Prom increase their take from 48.6% to 60% through the purchase of UK-based Wentworth Resources Plc’s stake;

2 Feb 2024 Asmara (Eritrea) AP. Ethiopia, in a leaked memo, accuses Eritrean soldiers of abducting farmers and stealing livestock along the border in Tigray region nearly 15-months after a cease-fire was signed ending the Tigray conflict;

2 Feb 2024 Nairobi (Kenya) Al Jazeera. A gas explosion in Nairobi kills two people and injures nearly 300 others;

1 Feb 2024 Dar es Salaam (Tanzania) The East African. The African Development Bank (AfDB) urges Tanzania Electric Supply Company (TANESCO) and Kenya Electricity Transmission Company Ltd (Ketraco) to sign and implement a tripartite power exchange deal. AfDB, TANESCO and Ketraco were due to complete a 507.5km cross-border transmission line between Isinya substation (Arusha, Tanzania) to boarder town Namanga (Kajiado county, Kenya) in December 2023. The project has been delayed due to slow resettlement of families disrupted by new electricity infrastructure in Kenya;

1 Feb 2024 Dar es Salaam (Tanzania) Mwananchi. Finance minister Mwigulu Nchemba advises the leadership at South Africa-based AngloGold Ashanti, owners of the Tanzania-based Geita Gold Mine, to sell gold to the government via the Bank of Tanzania (BoT) (central bank) to enable government to boost its gold reserves;

 

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ARC East Africa Weekly Chronology 1 – 7 Feb 2024_