ARC East Africa Weekly Chronology

16-23 Nov 2022

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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.

22 Nov 2022 Addis Ababa (Ethiopia) Reuters. United States secretary of state Anthony Blinken calls on prime minister Abiy Ahmed to implement the ceasefire agreed by government and Tigrayan forces;

22 Nov 2022 Dar es Salaam (Tanzania) Mining Review. Ireland-based renewable energy company Kibo Energy renews its MoU with the Tanzania Electric Supply Company (TANESCO) which allows for the creation of a 300MW Power Purchase Agreement (PPA) from Kibo’s subsidiary Mbeya Power;

21 Nov 2022 Nairobi (Kenya) Business Daily. Parliament debates the proposed Capital Markets (Amendment) Bill 2022 which seeks to introduce taxes on crypto exchanges, digital wallets and impose transaction taxes akin to excise duties already charged for bank transactions;

21 Nov 2022 Kampala (Uganda) Al-JazeeraUganda’s army announces the deployment of 1,000 troops to the Democratic Republic of the Congo (DRC) by the end of November 2022 to tackle rebel groups in eastern DRC;

19 Nov 2022 Nairobi (Kenya) East African. President William Ruto launches the construction of the Mtwapa-Kwa Kadzengo-Kilifi (A7) road which will link Kenya and Tanzania as part of the $61.4m multinational East African coastal road corridor;

19 Nov 2022 Kampala (Uganda) The East African. France-based TotalEnergies signs a memorandum of understanding to develop 120MWs of solar capacity in Uganda through six 20MW Photovoltaic (PV) systems in KapeekaIgangaTororoKumiBukedea and Palisa;

18 Nov 2022 Dar es Salaam (Tanzania) XinhuaTanzania narcotics watchdog the Drug Control and Enforcement Authority (DCEA) announces the seizure of 11,974kg of illicit drugs between January and October 2022;

17 Nov 2022 Addis Ababa (Ethiopia) BloombergEthiopia Electric Power announces the beginning of electricity exports to Kenya following a successful test of a 2,000MW transmission line connected to the Grand Ethiopian Renaissance Dam;

17 Nov 2022 Addis Ababa (Ethiopia) The FinTech TimesUS-based Mastercard partners with national payment system EthSwitch and Oromia Bank to offer Mastercard services including debt, credit and prepaid cards to the Ethiopian market;

17 Nov 2022 Nairobi (Kenya) The East African. President William Ruto announces plans for pan-African multilateral lender African Export-Import (AfreximBank to establish a regional office in Nairobi in 2023;

17 Nov 2022 Kampala (Uganda) Energy Capital & PowerFrance-based HDF Energy signs a memorandum of understanding (MoU) with the energy ministry to develop Uganda’s first green hydrogen power plant;

16 Nov 2022 Addis Ababa (Ethiopia) Reuters. Finance ministry and telecoms regulator, Ethiopia Communication Authority, renew the process of selling a 40% stake in state-owned Ethio Telecom and plans to issue a second full telecoms license;

16 Nov 2022 Nairobi (Kenya) Anadolu Agency. President William Ruto reprimands parliamentarians seeking to lift presidential term limits and replace them with an age cap of 75 years;


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East Africa Weekly Chronology 16-23 Nov 2022