ARC East Africa Weekly Chronology
14-20 March 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

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19 Mar 2024 Kinshasa (DRC) Financial Times. United Nations representatives say fighting between M23 rebels and government forces has intensified around Goma, with rebels reportedly closing in on the city;

19 Mar 2024 Asmara (Eritrea) Garowe Online. President Isaias Afwerki hosts his Somali counterpart, Hassan Sheikh Mohamud, to discuss strengthening bilateral relations;

19 Mar 2024 Dar es Salaam (Tanzania) Daily News. Culture, arts and sports ministry permanent secretary Gerson Msigwa says the government will soon approve a special budget for infrastructure development ahead of the 2027 Africa Cup of Nations (AFCON) finals, which will be jointly hosted with Uganda and Kenya;

19 Mar 2024 Kampala (Uganda) Reuters. Bank of Uganda (central bank) data shows gold exports surged 10-fold in 2023 to reach $2.3 billion compared to $201m in 2022;

19 Mar 2024 Kampala (Uganda) BBC. Security forces say they are on high alert after fighters from the Islamic States-linked Allied Democratic Forces (ADF) crossed over from Democratic Republic of Congo (DRC) into Uganda over the weekend;

18 Mar 2024 Djibouti (Djibouti) Nation. Dubai-based DP World says it will pursue all legal avenues in its dispute with the Djiboutian government regarding the Doraleh Container Terminal (DCT) following the government’s announcement that it intends to nationalise all shares owned by the Port of Djibouti S.A in DCT:

18 Mar 2024 Addis Ababa (Ethiopia) Borkena. State-owned Commercial Bank of Ethiopia says it has established a task force to track down those who took advantage of a system failure to withdraw or transfer large sums of money with the bank having reportedly lost ETB 6 billion ($106.07m) following the system failure;

18 Mar 2024 Kampala (Uganda) Monitor. European Union (EU) removes Uganda from its Anti-Money Laundering (AML) Blacklist after France-headquartered Financial Action Task Force (FATF) removed Uganda from its grey list on 23 February;

18 Mar 2024 Kampala (Uganda) Monitor. Bank of Uganda (central bank) indicates that foreign direct investment (FDI) reached $2.9 billion in the 12 months to January 2024, roughly the same as the same period in 2023;

18 Mar 2024 Harare (Zimbabwe) The Herald. The Rwanda-Zimbabwe Business Forum opens as representatives from each country seek to deepen economic ties;

17 Mar 2024 Djibouti (Djibouti) World Bank. World Bank approves additional financing of $5m for the economic management and statistics development in Djibouti;

17 Mar 2024 Kinshasa (DRC) AFP. Clashes break out between government forces and M23 rebels, leaving eight United Nations (UN) peacekeepers injured;

16 Mar 2024 Nairobi (Kenya) Business Daily. United States says the World Bank’s investment arm, the International Finance Corporation (IFC), tried to cover up reports of child sex abuse at schools it had invested in;

16 Mar 2024 Nairobi (Kenya) The East African. Outgoing national treasury debt management chief Haron Sirima says government has paid Export–Import Bank of the United States $109m of Kenya Airways’ debt in a bid to avoid bankruptcy proceedings;

16 Mar 2024 Kigali (Rwanda) The East African. Capital Markets Authority approves renewable energy independent power producer Prime Energy Plc’s plan to launch Rwanda’s first-ever green bond worth $7.3m;

15 Mar 2024 Addis Ababa (Ethiopia) ENA. Ethiopia and the United States (US) Agency for International Development (USAID) launch an integrated fleet management system to boost Ethiopia-Djibouti trade;

14 Mar 2024 Bujumbura (Burundi) Taarifa. Nestor Girukwishaka takes over as president of Burundi’s largest opposition party, the Congrès national pour la liberté (CNL), following the controversial congress in which the party deposed Agathon Rwasa;

14 Mar 2024 Kinshasa (DRC) News24. The military intelligence unit raids the Laurent-Désiré Kabila Foundation, confiscating memorabilia, computers and phones that belong to the foundation;

14 Mar 2024 Addis Ababa (Ethiopia) North Africa Post. Ambassador to India, Demeke Atnafu, says Ethiopia and India are in the final stages of finalising a defence cooperation pact;

14 Mar 2024 Dar es Salaam (Tanzania) Tanzania High Commission to the United Kingdom. Tanzania’s high commissioner to the United Kingdom (UK), Mbelwa Kairuki, says his country is gearing up to significantly enhance its export footprint in the UK, targeting £1 billion ($1.27 billion) in export value by 2030;

14 Mar 2024 Dar es Salaam (Tanzania) Business Insider Africa. An official from India’s high commission in Tanzania says trade between the two is expected to exceed $7 billion this fiscal year, its highest level ever;

13 Mar 2024 Kinshasa (DRC) Relief Web. European Union (EU) provides €69.75m ($75.7m) in humanitarian aid for the Great Lakes region, including €63.75m ($69.19m) for DRC and €6m ($6.5m) for Burundi;

13 Mar 2024 Kigali (Rwanda) The Africa Report. High court dismisses opposition candidate Victoire Umuhoza Ingabire’s petition to have restrictions preventing her from participating in public office lifted, blocking her from contesting the upcoming election;

13 Mar 2024 Zanzibar (Tanzania) The Citizen. The Zanzibar government faces political uncertainty after opposition party ACT Wazalendo announces its intent to withdraw from the Government of National Unity (GNU) following what it calls three years of broken promises by the ruling Chama Cha Mapinduzi (CCM)-led government;


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ARC East Africa Weekly Chronology 14 – 20 March 2024