ARC East Africa Weekly Chronology
22- 28 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.

28 Feb 2024 Kinshasa (DRC) The East African. President Felix Tshisekedi says he is willing to meet with his Rwandan counterpart, Paul Kagame, over the ongoing tensions between the two countries and the instability in eastern DRC;

27 Feb 2024 Djibouti (Djibouti) Asharq Al-Awsat. Officials confirm container handling at Djibouti’s largest port, Doraleh Port, has increased by 10%, driven by the unrest in the Red Sea and Gulf of Aden which has led to more ships entering Djiboutian ports;

27 Feb 2024 Addis Ababa (Ethiopia) Defence Web. United Nations Mine Action Service (UNMAS) says Denmark and Japan have made sizeable donations that will allow it to continue humanitarian mine action activities and operations in Ethiopia this year;

27 Feb 2024 Dar es Salaam (Tanzania) The Citizen. The United Kingdom (UK)’s export credit agency, UK Export Finance, expresses its readiness to support eco-friendly projects in Tanzania with a credit guarantee of nearly £2 billion ($2.5 billion);

26 Feb 2024 Addis Ababa (Ethiopia) France24. French publication Africa Intelligence confirms authorities arrested their journalist, Antoine Galindo, who was in the country to cover the recent African Union summit and who reportedly met with an official from the Oromo Liberation Front (OLF) before his arrest, calling the arrest unjustified;

26 Feb 2024 Addis Ababa (Ethiopia) ENA. Foreign affairs minister Taye Atseke-Selassie meets with Djibouti’s ambassador to Ethiopia, Abdi Mahmoud Ibe, to discuss bilateral and regional issues of mutual interest;

26 Feb 2024 Nairobi (Kenya) Moneyweb. The Financial Action Task Force (FATF) places Kenya and Namibia on its grey list (jurisdictions under increased monitoring), citing deficiencies in efforts to tackle illicit financial flows and terrorism financing, and also removes Uganda from the grey list, four years after it was initially placed under enhanced monitoring;

26 Feb 2024 Nairobi (Kenya) Africanews. The sixth session of the United Nations Environment Assembly takes place in Nairobi, with a focus on how multilateralism can help solve climate change, biodiversity loss and pollution;

26 Feb 2024 Tanga (Tanzania) The East African. Uganda and Tanzania are reportedly close to reaching an agreement that will see the former import fuel via the port of Tanga, the second-largest port in Tanzania;

26 Feb 2024 Kampala (Uganda) Monitor. President Yoweri Museveni meets with Kenyan opposition leader Raila Odinga who is currently campaigning for chairmanship of the African Union Commission;

25 Feb 2024 Bujumbura (Burundi) Africanews. Government spokesperson Jérôme Niyonzima says Red-Tabara rebel group killed at least nine people in an attack in western Bubanza province, and once again accuses Rwanda of supporting the group;

25 Feb 2024 Cairo (Egypt) Daily News Egypt. President Abdel Fattah El-Sisi meets with his Eritrean counterpart, Isaias Afwerki, to discuss regional issues and improving bilateral cooperation;

24 Feb 2024 Dar es Salaam (Tanzania) The Citizen. Bank of Tanzania (BoT) (central bank) launches a new round of treasury bonds in an effort to contain domestic debt and improve money supply amid shortages of foreign currency;

24 Feb 2024 Kampala (Uganda) The East Africa. Uganda’s security apparatus says the renewed fighting in neighbouring Democratic Republic of Congo (DRC) has put it on high alert;

23 Feb 2024 Addis Ababa (Ethiopia) The East African. Kenya Power data shows that Ethiopia is now supplying 11% of the utility’s power, making it Kenya Power’s fourth largest source of power supply;

23 Feb 2024 Kigali (Rwanda) The East African. South Sudan’s President Salva Kiir tours Rwanda, Burundi and Democratic Republic of Congo (DRC) in his role as East African Community (EAC) chairman, meeting with President Paul Kagame to discuss de-escalating tensions in eastern DRC;

23 Feb 2024 Dar es Salaam (Tanzania) The Citizen. African Development Bank (AfDB) signs a $91.76m financing agreement with the government for the construction of the Standard Gauge Railway (SGR) that will connect Tanzania to Burundi and Democratic Republic of Congo;

22 Feb 2024 Djibouti (Djibouti) Military Africa. Turkey and Djibouti sign three agreements to enhance military cooperation as part of efforts to strengthen bilateral relations;

22 Feb 2024 Kinshasa (DRC) DRC. African Development Bank (AfDB) approves a $7m trade finance guarantee facility for Access Bank RDC to support small and medium-sized enterprises;

22 Feb 2024 Kinshasa (DRC) Africanews. Prime minister Michel Sama Lukonde, elected as a member of parliament (MP) in DRC’s December elections, resigns his post as prime minister, prompting a dissolution of government;

22 Feb 2024 Kigali (Rwanda) CNBC Africa. National Bank of Rwanda (central bank) maintains its monetary policy rate at 7.5%, adding that inflation currently stands at 5%, which is within the central bank’s target band;

22 Feb 2024 Dodoma (Tanzania) Ikulu. President Samia Suluhu Hassan has appointed former Tanzania Petroleum Development Company (TPDC) managing director James Peter Mataragio as the energy ministry’s deputy permanent secretary, replacing Athumani Selemani Mbuttuka, who will be assigned to other duties;

22 Feb 2024 Kampala (Uganda) Business Insider Africa. European Union (EU) head of delegation to Uganda, Jan Sandek, reveals that out of the €1.5 billion ($1.62m) worth of trade between the two markets, Uganda exported €800m ($866.21m) compared to the EU’s €700m ($757.93m), marking the first time Uganda has exported more to the EU than it has imported;

 

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ARC East Africa Weekly Chronology 22 – 28 February 2024_