ARC East Africa Weekly Chronology
14-20 September 2023

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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.

20 Sep 2023 Nairobi (Kenya) Anadolu Agency. President William Ruto says Ukraine will set up a grain hub at the Port of Mombasa to help address food shortages in East Africa;

20 Sep 2023 Kigali (Rwanda) Jeune Afrique. President Paul Kagame confirms for the first time that he will seek a fourth term in the scheduled 2024 presidential elections;

19 Sep 2023 Bujumbura (Burundi) Taarifa. President Evariste Ndayishimiye announces he has met and held discussions with a delegation from United States-based SpaceX to introduce high-speed internet services via satellite to Burundi;

19 Sep 2023 Bujumbura (Burundi) RFI. A crackdown on corruption has seen at least ten magistrates and five municipal administrators arrested and imprisoned on charges of corruption in addition to another 15 administrations dismissed from their positions. However, civil society argues that the government is only targeting low-level civil servants in this crackdown;

19 Sep 2023 Djibouti (Djibouti) Relief Web. United States Agency for International Development (USAID) will disburse $247m in funding for humanitarian assistance to several African countries including Djibouti;

19 Sep 2023 Addis Ababa (Ethiopia) Anadolu Agency. United Nations says at least 393 people were admitted to the Kumer Cholera Treatment Centre over the past week, a 50% increase, as outbreaks continue to escalate;

19 Sep 2023 Kinshasa (DRC) Reuters. President Felix Tshisekedi says that DRC is still facing difficulty in securing financing for the Inga Power Project, which would see the country use the Congo River to produce electricity;

19 Sep 2023 Nairobi (Kenya) Daily Nation. Kenya extends an oil supply agreement with Saudi Aramco, Abu Dhabi National Oil Company and Emirates National Oil Company that has thus far helped lower the cost of transporting oil to Kenya and lowered the premium it pays to suppliers;

19 Sep 2023 Nairobi (Kenya) The East Africa. National Treasury affirms it has cut its domestic borrowing target from KSh 583 billion ($3.96 billion) to KSh 411 billion ($2.8 billion) while foreign financing targets have been raised from KSh 131 billion ($890.6m) to KSh 449 billion ($3.1 billion);

19 Sep 2023 Dar es Salaam (Tanzania) Daily News. World Bank projects in its 19th Tanzania Economic Update that economic growth will reach 5.1% in 2023, up from 4.6% in 2022, driven by an improving business climate and the implementation of structural reforms;

19 Sep 2023 Dar es Salaam (Tanzania) The Citizen. President Samia Suluhu Hassan will inaugurate the Kilwa Masoko Fishing Port project today, which is set to generate 30,000 jobs and revamp the fisheries sector;

18 Sep 2023 Kinshasa (DRC) US Embassy. United States ambassador to the United Nations, Linda Thomas-Greenfield meets with foreign affairs minister Christophe Lutundula to discuss US support for the United Nations Organization Stabilization Mission in the DRC (MONUSCO) and the upcoming national elections;

18 Sep 2023 Asmara (Eritrea) BBC. German police arrest at least 200 Eritrean opposition supporters after violence erupted at an Eritrean cultural festival in Stuttgart (Germany) organised by supporters of President Isaias Afwerki;

18 Sep 2023 Addis Ababa (Ethiopia) UN News. United Nations experts release a report noting that Eritrean Defence Forces and Amhara militia are still committing war crimes and crimes against humanity in Tigray despite the ceasefire between the Tigray People’s Liberation Front and the federal government;

18 Sep 2023 Addis Ababa (Ethiopia) Trading View. United States-headquartered credit rating agency Moody’s downgrades Ethiopia’s sovereign credit rating from Caa3 to Caa2, citing a high likelihood of default on foreign currency-denominated private sector debt, and changes its outlook from stable to negative;

18 Sep 2023 Kigali (Rwanda) The New Times. President Paul Kagame chairs the Presidential Advisory Council (PAC) meeting, discussing with Rwandan and international experts solutions that will sustain Rwanda’s socio-economic progress;

18 Sep 2023 Dar es Salaam (Tanzania) The Citizen. Tanzania Investment Centre (TIC) reports that the value of investment projects rose from TSh 1.06 trillion ($423.15m) in July to TSh 2.33 trillion ($930.13m) in August, with the agricultural sector attracting the most investors;

18 Sep 2023 Namanga (Tanzania) Nation. Kenyan motorists and boda boda drivers are increasingly crossing into the Tanzanian border town, Namanga (Kajiado County), in search of cheaper fuel, a trend that could see increased pressure on Tanzanian fuel supplies and lead to a border issue between the countries;

18 Sep 2023 Kampala (Uganda) The East African. Several institutional investors exit the Ugandan Securities Exchange, citing weak returns, high interest rates and economic worries;

17 Sep 2023 Lisala (DRC) Daily News. A landslide in Lisala (Mongala Province) kills 17 people;

16 Sep 2023 Addis Ababa (Ethiopia) The East African. Amhara Association of America (AAA), a group of ethnic Amhara professionals based in the United States, announces it has proof that Ethiopian National Defence Forces (ENDF) carried out a massacre in Majete and the surrounding area in Efrata Gidim Woreda, and North Shewa Zone;

16 Sep 2023 Nairobi (Kenya) African Business. President William Ruto meets with several heads of companies in Silicon Valley (United States), including Apple, Google and Microsoft, inviting them to invest in Kenya and set up offices;

16 Sep 2023 Nairobi (Kenya) The East African. Energy and Petroleum Regulatory Authority revises fuel prices, which reach a record high – petrol in Nairobi will now cost KSh 211.64 ($1.44) per litre, diesel KSh 200.99 ($1.37) and kerosene KSh 202.61 ($1.38);

16 Sep 2023 Dar es Salaam (Tanzania) The Citizen. Canadian newspaper The Globe & Mail reveals that Canadian miner Barrick’s subsidiary Acacia Mining paid more than $1.2m annually to 60 Tanzania National Task Force officers, including intelligence operatives, between 2008 and 2015, raising concerns over potential corruption;

16 Sep 2023 Kampala (Uganda) AFP. President Yoweri Museveni hosts Sudan’s de facto leader, Abdel Fatta Al-Burhan, to discuss bilateral ties;

15 Sep 2023 Bujumbura (Burundi) UN Watch. Activists urge the United Nations to oppose Burundi’s application to join the UN Human Rights Council over its poor local human rights record;

15 Sep 2023 Kinshasa (DRC) Africanews. Communication minister and government spokesperson Patrick Muyaya and justice minister Rose Mutombo present documentation to the media that warns of the humanitarian tragedy unfolding in eastern DRC caused by the “aggression” of Rwanda and its support for M23 rebels;

15 Sep 2023 Nairobi (Kenya) The East Africa. French oil company Rubis reveals that it took a KSh 3.9 billion ($26.6m) forex loss in the first six months of 2023, highlighting the impact of the weakening local currency;

14 Sep 2023 Nairobi (Kenya) Daily Nation. Central Bank of Kenya data show that exports to Somalia increased to KSh11.4 billion ($77.72m) in the first six months, from KSh6.5 billion ($44.29m) in the same period last year, following the resumption of miraa exports, with Somalia becoming Kenya’s fifth largest export destination as a result;

14 Sep 2023 Nairobi (Kenya) The Africa Report. Nairobi-based research firm Trends and Insights for Africa releases survey results which show that 53% of Kenyans say their living standards are worse than a year ago when President William Ruto took office;

14 Sep 2023 Addis Ababa (Ethiopia) Addis Standard. National Bank of Ethiopia (central bank) approves strategic foreign direct investment initiatives to establish offshore accounts in a bid to attract investors across various sectors and create new streams of foreign currency flows into Ethiopia;

14 Sep 2023 Dar es Salaam (Tanzania) The Africa Report. Norway’s International Climate and Forests Initiative releases new satellite imagery that shows the potential environmental impacts of the East African Crude Oil Pipeline Project (EACOP), saying they could be worse than anticipated;

14 Sep 2023 Kampala (Uganda) Mamba Online. Constitutional court confirms it will review three petitions challenging the constitutionality of the Anti-Homosexuality Act 2023;

14 Sep 2023 Kampala (Uganda) The East African. Police ban any rallies organised by opposition leader Bobi Wine over sectarian comments;

 

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ARC East Africa Weekly Chronology 14 -20 Sep 2023_