ARC East Africa Weekly Chronology
18- 24 January 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.

24 Jan 2024 Jakarta (Indonesia) The Citizen. Tanzania‘s President Samia Suluhu Hassan arrives in Indonesia, kicking off a three-day state visit aimed at boosting bilateral relations and securing new economic partnerships;

23 Jan 2024 Bujumbura (Burundi) The East African. International Monetary Fund (IMF) projects Burundi’s economy will grow by 4.3% in 2024, up from a projected 2.7% in 2023, driven by the agricultural sector;

23 Jan 2024 Asmara (Eritrea) News24. Committee to Project Journalists (CPJ) releases its latest report, ranking Eritrea as the worst place to work as a media practitioner in Africa, adding that with 16 journalists in jail, Eritrea is the seventh-worst jailer of journalists worldwide;

23 Jan 2024 Addis Ababa (Ethiopia) Al Jazeera. Somalia’s President Hassan Sheikh Mohamud warns Ethiopia against implementing its deal with Somaliland that will offer Ethiopia access to the Red Sea;

23 Jan 2024 Nairobi (Kenya) The East African. Central Bank of Kenya (CBK) indicates that diaspora remittances reached $4.19 billion in 2023, substantially boosting the current account balance amid lower export revenues;

23 Jan 2024 Kigali (Rwanda) Africanews. Authorities accuse Burundi’s President Evariste Ndayishimiye of making “inflammatory allegations aimed at sowing division among Rwandans” as tensions between the two neighbouring countries continue;

23 Jan 2024 Khartoum (Sudan) EU. European Council announces sanctions against six firms involved in the war in Sudan, including three controlled by the Sudanese Armed Forces (SAF);

23 Jan 2024 Dar es Salaam (Tanzania) Down To Earth. Tanzania, Uganda and Kenya meet for a multination stakeholder consultation to consider strategies to restore Lake Victoria;

23 Jan 2024 Kampala (Uganda) Bloomberg. Bank of Uganda (BoU) (central bank) deputy governor Michael Atingi-Ego says the BoU is looking toward easing monetary policy but is waiting to assess potential impacts of issues such as global oil prices;

22 Jan 2024 Kinshasa (DRC) AFP. United States secretary of state Anthony Blinken calls on President Felix Tshisekedi to address election concerns raised by election observation missions during the December polls;

22 Jan 2024 Nairobi (Kenya) Bloomberg. The shilling falls to a record low of 162.29 against the United States dollar, with some forecasts expecting the shilling to depreciate to as low as 210 against the dollar before year-end;

22 Jan 2024 Nairobi (Kenya) Daily Nation. Kenya Railways Corporation (KRC) says the proposed standard gauge railway (SGR) running on the Lamu Port-South Sudan-Ethiopia-Transport Corridor will cost $16 billion;

22 Jan 2024 Kigali (Rwanda) Financial Times. United Kingdom’s (UK) House of Lords votes on UK prime minister Rushi Sunak’s plan to send asylum seekers to Rwanda, compelling the government to back up its claim that Rwanda is safe before it votes on ratifying the treaty;

22 Jan 2024 Dar es Salaam (Tanzania) Daily News. Tanzania announces plans to conduct political dialogue with its neighbours, including Burundi, Rwanda and DRC, to explore options to repatriate refugees;

22 Jan 2024 Kampala (Uganda) The East Africa. Auditor general reports that spending cuts and delays in approving contractors’ claims have pushed government arrears up by more than $208m in the last financial year, which is also negatively impacting local contractors’ operations and cash flow;

21 Jan 2024 Addis Ababa (Ethiopia) Anadolu Agency. Ethiopia continues to defend its Red Sea access deal with Somaliland, with national security affairs adviser Redwan Hussein stating on social media platform X that the deal is based on cooperation and partnership, and not an annexation or assumption of sovereignty over the territory of any state;

21 Jan 2024 Addis Ababa (Ethiopia) Agence Ecofin. African Development Bank (AfDB) and Ethiopia resolve to normalise relations following the AfDB’s decision to remove staff following an incident in which Ethiopia security agents assaulted two of its staff members;

21 Jan 2024 Dar es Salaam (Tanzania) Business Insider Africa. Foreign affairs and East African cooperation minister January Makamba says President Samia Suluhu Hassan is expected to meet Pope Francis during a visit to the Vatican on 11 and 12 February and will tour Indonesia from 24 to 26 January and Norway from 13 to 14 February;

21 Jan 2024 Kampala (Uganda) BBC. United Kingdom-based BBC publication reports that an investigation it carried out has uncovered a network of fake social media accounts in Uganda that spread pro-government messages and target critics with threats, with social media platform Meta stating that it believes the accounts are linked to the Government Citizen Interaction Centre, a government agency;

20 Jan 2024 Kinshasa (DRC) Engineering News. President Felix Tshisekedi says during his inauguration that the DRC and China are discussing a $7-billion financing deal as part of a renegotiated minerals-for-infrastructure deal;

20 Jan 2024 Khartoum (Sudan) Al Jazeera. Foreign ministry announces Sudan has suspended its membership of the East African regional bloc, the Intergovernmental Authority on Development (IGAD), accusing the bloc of undermining Sudan’s sovereignty by inviting the Rapid Support Forces (RSF) leader Mohamed Hamdan Dagalo to a summit;

19 Jan 2024 Djibouti (Djibouti) Africanews. Denmark-headquartered shipping giant Maersk temporarily suspends bookings to Djibouti amid heightened security risks in the Red Sea/Gulf of Aden;

19 Jan 2024 Arusha (Tanzania) The Citizen. The World Economic Outlook issued by the International Monetary Fund (IMF) indicates that the East African Community (EAC) is poised for 5.9% economic growth this year. Tanzania will also record the lowest inflation rate among the EAC member countries this year at 5%;

19 Jan 2024 Dar es Salaam (Tanzania) Reuters. The Bank of Tanzania (central bank) sets its main interest rate at 5.5%. The decision is the first by the central bank since it said earlier this month that it would start using a benchmark interest rate to signal its monetary policy direction. Inflation also fell to 3% in December from 3.2% in November;

18 Jan 2024 Kinshasa (DRC) SABC News. Two opposition candidates in the December presidential election – Martin Fayulu and Moise Katumbi – call for a protest on 20 January when President Felix Tshisekedi is set to be sworn in for a second term;

18 Jan 2024 Addis Ababa (Ethiopia) Al Jazeera. Somalia rejects any mediation efforts aimed at quelling tensions between Somalia and Ethiopia unless Ethiopia cancels its deal with Somaliland that grants Ethiopia access to the Red Sea;

18 Jan 2024 Nairobi (Kenya) Reuters. Finance minister Njuguna Ndung’u says in a letter to the International Monetary Fund (IMF) that Kenya will go to the international bond market as soon as the marker situation allows;

18 Jan 2024 Dar es Salaam (Tanzania) The Citizen. Analysts say that recurrent trade-related rows between Tanzania and Kenya stem from the fact that East Africa‘s two largest economies largely depend on similar sectors to drive growth;


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ARC East Africa Weekly Chronology 18 – 24 Jan 2024