ARC East Africa Weekly Chronology

6 – 12 July 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.

12 Jul 2022 Addis Ababa (Ethiopia) Reuters. An undisclosed source says Ethiopia‘s creditors’ committee is set to meet on 18 July, moving the country a step closer towards restructuring its debts under a common framework set up by the Group of 20 economies;

12 Jul 2022 Addis Ababa (Ethiopia) AFP. Government commissions a United Nations agency to rebuild some of the destroyed infrastructure in Tigray region as part of a project funded by the World Bank;

12 Jul 2022 Nairobi (Kenya) Daily Nation. Independent Electoral and Boundaries Commission threatens to suspend elections in 31 electoral areas, including in Nairobi and Mombasa, due to pending court cases;

12 Jul 2022 Antananarivo (Madagascar) Reinsurance News ARC Group and African Bank provide almost $800,000 drought insurance payout to Madagascar;

12 Jul 2022 Dar es Salaam (Tanzania) Ecofin AgencyInternational Finance Corporation announces disbursement of $105m to improve credit access for small and medium-sized enterprises in Tanzania and Burundi;

11 Jul 2022 Addis Ababa (Ethiopia) Bloomberg. Inflation drops to 34% in June from 37.2% in May – the first decrease in four months – as food prices increased at the slowest pace since August;

11 Jul 2022 Kampala (Uganda) Monitor. Multiple sources say the finance minister is to double the monthly salary and retirement benefits of top members of Uganda’s armed forces, the Uganda Peoples Defence Forces, effective this financial year, which started on 1 July;

7 Jul 2022 Addis Ababa (Ethiopia) AP. Prime minister Abiy Ahmed says his government’s police and soldiers are dying on a “daily” basis as the country grapples with insurgencies in Oromia and elsewhere;

6 Jul 2022 Oromia (Ethiopia) AFP. Parliament sets up a commission of enquiry into the recent massacres of civilians in Qellem Wollega administrative zone of Oromia;

6 Jul 2022 Nairobi (Kenya) The StarKenyan authorities freeze financial assets of pan-African payment solutions firm Flutterwave after filing criminal charges accusing it of conducting suspicious transactions and failing to comply with financial regulations.


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East Africa Weekly Chronology – 6-12 Jul 2022