You are on page 1of 11

H+K Africa Digest | March 2018 | 1

H+K
March 2018

Africa Digest
Summary of Key Political & Economic
Developments

Angola Ethiopia Ghana Kenya

Mozambique Nigeria Rwanda


South Africa Ta n z a n i a Uganda

Zambia Zimbabwe
2 H+K Africa Digest | March 2018

+ Political News Roundup

Angola Mozambique Tanzania


4 Angola charges son Mozambique parties Kenya, Tanzania to
of ex-president Dos find common ground demarcate boundary;
Santos with fraud exercise to curb territorial
Maputo faces
trespass
Angola’s Dos Santos possible water crisis
may delay stepping President Magufuli asks
Russia, Mozambique
down as party leader Israel to open its embassy
to step up
in Dar
U.N. criticises Angola military-technical
for forcing refugees to cooperation
return to violent 7 Tanzania’s Magufuli
warns of crackdown
Congo
Nigeria on protesters
Agriculture pulled
Ethiopia Nigeria out of Uganda
Eritrea rejects recession– Envoys Mwiru: Jinja East vote is
allegation it is trying to Don’t compromise referendum
destabilize Ethiopia your position, perm sec on age limit
Ethiopia in uncharted cautions taskforce Kayihura, Tumukunde
territory as coalition sacking: New deputy IGP
chooses prime 6 2019 Election: Martin calls for calm
minister Luther’s nephew drums
Ethiopia re-arrests support for President No fundamental problem
recently freed Buhari between Uganda &
politicians, journalists Rwanda - Museveni
President Buhari finally
reveals those behind
Ghana Fulani herdsmen Zambia
Koku Anyidoho attacks Zambian opposition’s
charged with Impeachment motion
treason is frivolous, Government
Rwanda says
Gov’t sued over Rwanda opposition
controversial US group unhappy with
Military agreement political parties Bill Zimbabwe
The credibility of
5 Ghana is ‘about to Survivors tell Dutch govt
Zimbabwe’s first post-
have an oil boom’ to extradite fugitive
Ndereyehe Mugabe vote is on the
“We want to make line
Ghana a leading Kigali ready for talks
country in TVET with Kampala to end
delivery in Africa” – tiff
Akufo-Addo

South Africa
Kenya ANC floats new deal on
President Uhuru land expropriation without
and NASA leader compensation
Raila hold talks at
Mantashe condemns
Harambee House
violence associated with
America, donors to SA land grabs
fund Uhuru-Raila unity
deal Poll shows DA support is
in the doldrums
Miguna Miguna is free
to return to Kenya,
Court of Appeal rules
H+K Africa Digest | March 2018 | 3

+ Economic News Roundup

Angola Battery minerals Uganda


granted graphite
8 Angola’s c.bank
mining licence
Museveni and
governor sees kwanza Kagame commit to
depreciation tailing off economic integration
Nigeria
–report
‘Policy consistency, 11 Museveni blocks
Angola’s oil exports stable economy will Umeme contract
plunging as IEA warns boost PPP’ renewal, wants
worst is yet to come cheaper
CBN Intervenes in replacement
Angola’s growth Forex Market with
outlook boosted by oil $210m Dirty secrets of Sh200
price, policy shifts: IMF billion Crane Bank
Nigeria intensifies
sale
moves to recover
Ethiopia looted fund
Coordination Council Zambia
raises 102 million Birr for Lagos CIBN urges FG to Zambia’s economy
Ethiopia’s GERD open up critical sectors promising-BOZ
for investment
Egypt, Sudan vow to
cooperate as Ethiopia Zimbabwe
builds Nile dam
Rwanda Zimbabwe secures
Ethiopia-Djibouti railway $1,2bn for World Bank
winning hearts of 10 Rwanda’s mobile
debt
telephone penetration
passengers rate rises to 76.1%
RwandAir plans
Ghana for direct flights to
Ghana is broke, America now in high
economy heading for gear
disaster - Ken Thompson
Central Bank projects
Government sells 3-yr 5% annual inflation
bond for GH¢1.57bn
BoG must check poor South Africa
corporate governance South Africa dodges
in financial institutions third junk rating;
Moody’s lifts outlook
9 Gov’t is building most
business-friendly S&P raises SA GDP
economy – Nana Addo forecast, warns it is still
not enough

Kenya Ramaphosa launches


YES initiative to address
27 African states youth unemployment
sign pact for free
movement of goods,
services Tanzania
Kenya, Mauritius in Rwanda and Tanzania
bid to strengthen opt for electric
economic ties locomotives on SGR
line
CBK regrets interest
rates cap due to Tanzania expands
negative effects on main airport to boost
economy passenger capacity
Mozambique Magufuli rules out
Pests and disease have bailout for struggling
destroyed a third of banks
Mozambique’s crops
No escape for
Mozambique as debt
troubles mount
4 H+K Africa Digest | March 2018

Political
News
Roundup

Angola U.N. criticises Angola


for forcing refugees to
Ethiopia re-arrests recently
freed politicians, journalists
Angola charges son return to violent Congo Ref: 26 March 2018
Ref: 7 March 2018
of ex-president Dos Ethiopian security forces have re-arrested
The U.N. refugee agency a number of recently freed politicians
Santos with fraud (UNHCR) is deeply concerned and journalists as they gathered for a
Ref: 27 March 2018 about rekindled tension in social event outside the capital, Addis
The son of Angola’s ex- the violent Kasai region of Ababa, with family and friends, a lawyer
president, José Filomeno dos the Democratic Republic has said.
Santos, has been charged of Congo and criticized the
Angolan government for Read more
with fraud relating to a $500
million transaction out of an forcing some 500 refugees to
return.
Ghana
account belonging to the
central bank.
Read more
Dos Santos is the Koku Anyidoho charged with
highest profile figure
to be charged since Ethiopia treason
Ref: 27 March 2018
President Joao Eritrea rejects The arrested Deputy General Secretary
Lourenco succeeded allegation it is trying to of the opposition National Democratic
longtime leader Jose destabilize Ethiopia Congress Koku Anyidoho has been
Eduardo dos Santos Ref: 19 March 2018
charged with treason.

Eritrea’s government rejected Read more


Read more
allegations by neighbouring
Ethiopia that it’s trying to
Angola’s Dos Santos may destabilize the country after Gov’t sued over
delay stepping down as
Prime Minister Hailemariam controversial US Military
Desalegn resigned in February.
party leader agreement
Read more Ref: 26 March 2018
Ref: 16 March 2018
A member of the opposition National
Angola’s former president, Ethiopia in uncharted Democratic Congress has sued the
Jose Eduardo dos Santos,
territory as coalition government over the controversial
who continues to head the Ghana-US military cooperation
ruling party, said that the party chooses prime minister
agreement.
should choose his successor in Ref: 6 March 2018
December or April next year. Ethiopia’s governing coalition Read more
Read more is facing an unprecedented
tussle behind closed doors as
it seeks a new prime minister
after Hailemariam Desalegn’s
shock resignation from the
helm of Africa’s fastest
growing economy.
Read more
H+K Africa Digest | March 2018 | 5

Ghana is ‘about to have an Russia, Mozambique


oil boom’ to step up military-
Ref: 16 March 2018 technical cooperation
Ref: 7 March 2018
Ghana, the west African nation
known as one of the world’s largest Russia and Mozambique plan
cocoa producers, is on course for to develop military-technical
skyrocketing economic growth this cooperation, and a joint working
year thanks to an entirely different group that was established last
commodity. year will foster cooperation in this
Read more area.

Miguna Miguna is free Read more

“We want to make Ghana to return to Kenya,


Court of Appeal rules
a leading country in TVET
delivery in Africa” Ref: 13 March 2018 Nigeria
The Court of Appeal has
- Akufo-Addo upheld High Court decision Agriculture pulled
Ref: 25 March 2018 that granted deported Nigeria out of
The President of the Republic, National Resistance recession– Envoys
Nana Addo Dankwa Akufo-Addo, Movement (NRM) self-
declared general Miguna Ref: 28 March 2018
says the goal of his Government
Miguna permission to return to African and European
is to make Ghana a world-class
the country. diplomats recently lauded
centre for skills development, and
Nigeria’s agriculture sector for
a leading country in TVET delivery in Read more
its role in pulling the country
Africa.
out of recession.

Mozambique
Read more Read more

Don’t compromise
Kenya Mozambique parties
find common ground your position, Perm.
Ref: 28 March 2018 Sec. cautions taskforce
President Uhuru and NASA
Mozambique’s three main Ref: 28 March 2018
leader Raila hold talks at political parties have agreed The Permanent Secretary,
Harambee House to constitutional reforms that Ministry of Mines and Steel
will decentralise power, as part Development, Dr. Abdulkadir
Ref: 9 March 2018
of efforts to consolidate peace Mu’azu, has appealed to the
President Uhuru Kenyatta and National between the government and members of the Special Mines
Super Alliance (NASA) leader Raila former rebels. Surveillance Taskforce (SMSTF)
Odinga have publicly reconciled and on illegal mining drawn from
agreed to work together in the interest of Read more the Nigeria Police, Nigerian
Kenyans. Customs Service (NCS),
Department of State Services
Read more Maputo faces possible (DSS), Economic and Financial
water crisis Crimes Commission (EFCC),
America, donors to fund Ref: 27 March 2018 Nigerian Security and Civil
Defence Corps (NSCDC) and
Uhuru-Raila unity deal Mozambique’s capital Maputo
the zonal mines officers in the
could follow Cape Town’s
Ref: 27 March 2018 water crisis with the El Nino states to avoid the temptation
phenomenon in the Pacific of compromising the
Donors and the international community objectives of the assignment
are warming up to the unity deal signed Ocean, which is responsible for
the current drought in southern given to them by conniving
between President Uhuru Kenyatta and with illegal miners or cover up.
NASA leader Raila Odinga last month, Africa, effecting Mozambique
with pledges to bankroll the programme. this year. Read more

Read more Read more


6 H+K Africa Digest | March 2018

Survivors tell Dutch govt Mantashe condemns


to extradite fugitive violence associated with
ndereyehe SA land grabs
Ref: 13 March 2018 Ref: 27 March 2018
The continued roaming Gwede Mantashe, ANC
of Genocide suspects in stalwart and Mineral Resources
different countries is a major Minister, condemned violence
impediment to the healing associated with land grabs
process in Rwanda and in SA after several land grabs
countries should rise to the in and around Johannesburg
occasion and ensure all and Tshwane, as well as the
2019 Election: Martin perpetrators are brought to Western Cape, with authorities
Luther’s nephew drums book. trying to stop people from
support for President illegally building shacks on
Read more
unoccupied parcels of land.
Buhari
Ref: 28 March 2018 Read more
Kigali ready for talks with
It is gathered as Dr. Isaac
Newton-Farris Jnr , the nephew
Kampala to end tiff
Ref: 17 March 2018
Poll shows DA support is
of Martin Luther King Jr, has
urged Nigerians to support Rwanda and Uganda seem in the doldrums
President Muhammadu Buhari to be on the verge of finding Ref: 8 March 2018
to complete the good work he a solution to the tensions The DA, the official opposition
is doing in Nigeria. between them over security in South Africa, has failed to
Read more and immigration issues. capitalise on Jacob Zuma’s
Ugandan President Yoweri scandal-plagued tenure, with
Museveni is expected in Kigali recent internal polling showing
at the extraordinary African a decline in the party’s growth
President Buhari finally Union Summit, and sources say rather than an increase, about
reveals those behind he could meet with his host, 18 months ahead of the 2019
Fulani herdsmen President Paul Kagame, to iron general election.
out differences.
attacks Read more
Ref: 23 March 2018 Read more

President Muhammadu Buhari


recently accused ‘powerful
individuals ‘of orchestrating South Africa Tanzania
the lingering conflicts between
ANC floats new deal on Kenya, Tanzania to
farmers and herders in parts of
northern Nigeria. land expropriation demarcate boundary;
without compensation exercise to curb territorial
Read more
Ref: 28 March 2018
trespass
The ANC is trying to Ref: 22 March 2018

Rwanda provide for land reform


without uncompensated
Kenya and Tanzania surveyors
have embarked on a joint
expropriation, to ensure that exercise to trace the colonial
Rwanda opposition
the Constitution does not have pillars erected on their
group unhappy with to be amended and take the boundaries by the colonies
political parties Bill sting out of the party’s latest and demarcate them afresh.
attempt to get more land into Read more
Ref: 26 March 2018 black hands.
A recently tabled Bill on Read more
political parties and politicians President Magufuli asks
has elicited mixed reactions, Israel to open its
with the opposition terming
provisions on funding for embassy in Dar
political parties as “not Ref: 23 March 2018
favourable for a vibrant President John Magufuli
democracy.” has asked Israel to open its
embassy in Dar es Salaam.
Read more
Read more
H+K Africa Digest | March 2018 | 7

No fundamental problem
between Uganda &
Rwanda - Museveni
Ref: 25 March 2018
President Yoweri Museveni
downplayed reports of tension
between Uganda and Rwanda. This
was during a joint press conference
between him and Rwandan President
Paul Kagame at State House
Entebbe.
Read more
Tanzania’s Magufuli
warns of crackdown
on protesters Zambia
Ref: 10 March 2018 Zambian opposition’s
Tanzanian President John impeachment motion is
Magufuli warned of a frivolous, government says
crackdown on anyone
who participates in illegal Ref: 27 March 2018
demonstrations, vowing not The Zambian government said
to let his economic reforms be President Edgar Lungu hasn’t
derailed by street protests. committed any offence that warrants
the impeachment motion the
Read more
opposition has brought to parliament.

Uganda Read more

Mwiru: Jinja East vote is


referendum on age limit Zimbabwe
Ref: 14 March 2018
The credibility of
Recently, the Court of Appeal upheld Zimbabwe’s first post-
the ruling of High court judge Lydia Mugabe vote is on the line
Mugambe nullifying the election of Ref: 29 March 2018
NRM’s Nathan Igeme Nabeta as MP
for Jinja Municipality East. As Zimbabwe prepares to hold its first
election since Robert Mugabe was
Read more toppled after almost four decades
in power, a key question is whether
the government can accomplish
Kayihura, Tumukunde something he failed to do: oversee a
sacking: New deputy IGP free vote.
calls for calm Read more
Ref: 5 March 2018
Following the sacking of Gen
Kale Kayihura and Lt Gen Henry
Tumukunde as IGP and security
minister respectively, the newly
appointed deputy IGP, Brig Sabiiti
Muzeei has urged the public to keep
calm.
Read more
8 H+K Africa Digest | March 2018

Economic
News
Roundup

Angola Ethiopia Ghana


Angola’s c.bank Coordination Council Ghana is broke,
governor sees kwanza raises 102 million Birr for economy heading for
depreciation tailing off Ethiopia’s GERD disaster - Ken Thompson
Ref: 26 March 2018
–report Ref: 27 March 2018
The National Council for the Chief Executive Officer (CEO)
Ref: 27 March 2018 Coordination of Public Partic- of Dalex Finance, Ken Thomp-
Angola’s central bank gover- ipation declared that it has son, has given his plain diag-
nor, José Massano, expects raised 102 million birr for the nosis of the state of Ghana’s
the kwanza to depreciate fur- Grand Ethiopian Renaissance macroeconomy, describing it
ther but more slowly after the Dam (GERD), according to as frail.
currency lost nearly 30 percent FBC news.
Read more
of its value so far this year.
Read more
Read more

Egypt, Sudan vow to Government sells 3-yr


Angola’s oil exports cooperate as Ethiopia bond for GH¢1.57bn
Ref: 27 March 2018
plunging as IEA warns builds Nile dam
worst is yet to come Ref: 23 March 2018 The government raised
GH¢1.57 billion through the
Ref: 6 March 2018 Sudan’s President Omar al- sale of a three-year bond in
Oil exports from Angola are Bashir met his Egyptian coun- line with plans to raise a total
slumping and the International terpart in Cairo, as the two of GH¢11.13 billion cedis for
Energy Agency says aging countries look to repair ties the first quarter of 2018.
fields and a lack of interest that were recently frayed over
an upstream Nile dam being Read more
from foreign investors mean
the worst is yet to come. built by Ethiopia.

Read more Read more BoG must check poor


corporate governance
Angola’s growth outlook Ethiopia-Djibouti railway in financial institutions
boosted by oil price, winning hearts of Ref: 27 March 2018
policy shifts: IMF passengers The takeover of the UT and
Ref: 16 March 2018 Ref: 26 March 2018 Capital banks a few months
ago sent shivers down the
Angola’s economy is expect- Over two months into its
spine of many players in the
ed to expand by 2.25 percent commercial operation, the
banking industry.
this year from 1 percent in Ethiopia-Djibouti railway has
2017 and growth should reach brought much cheer and opti- Read more
5 percent in the medium-term. mism to Ethiopian passengers.
Read more
Read more
H+K Africa Digest | March 2018 | 9

Gov’t is building
most business-friendly
Mozambique Nigeria
economy – Nana Addo ‘Policy consistency,
Ref: 26 March 2018 stable economy will
The President of Ghana Nana boost PPP’
Akufo-Addo has said that the Ref: 28 February 2018
government he is leading a
Mr Jide Oke, Secretary, Marketing
government which is focused
and Corporate Affairs, Nigeria
on creating the most friendly
Institute of Quantity Surveyors (NIQS),
business economy in Africa.
has identified policy inconsistency as
Read more a hindrance to the success of Public/
Private Partnership (PPP) schemes.

Kenya Read more

27 African states Pests and disease have CBN intervenes in forex


sign pact for free destroyed a third of market with $210m
movement of goods, Mozambique’s crops Ref: 27 February 2018
services Ref: 14 March 2018 The Central Bank of Nigeria (CBN) on
Ref: 21 March 2018 Tuesday intervened in the interbank
Pests and disease sweeping
Kenya is among 27 countries sector of the foreign exchange
through Mozambique have
that have just signed a market to the tune of $210 million.
destroyed at least a third of
protocol allowing free the country’s agricultural crops Read more
movement of goods and over the past 11 months.
services.
Read more
Read more Nigeria intensifies moves to
recover looted fund
Kenya, Mauritius in No escape for Ref: 27 March 2018
The Governor of the Central Bank
bid to strengthen Mozambique as debt of Nigeria (CBN), Godwin Emefiele,
economic ties troubles mount recently put the total amount
Ref: 23 March 2018 Ref: 28 March 2018 of money disbursed under the
Kenya and Mauritius have Anchor Borrower’s Programme
Mozambique’s renewed
agreed on the need for (ABP) in partnership with the state
efforts to solve its spiralling
African countries to expedite government and private sector group
debt crisis have again
the implementation of the since the commencement of the
collapsed, leaving the country
historic African Continental programme, at N55.526 billion to over
struggling to recover its
Free Trade Area agreement 250,000 farmers.
reputation as one of Africa’s
that was signed by 27 African potential growth hotspots. Read more
countries.
Read more
Read more
Battery Minerals granted Lagos CIBN urges FG to
graphite mining licence open up critical sectors for
CBK regrets interest
investment
rates cap due to Ref: 27 March 2018
The Australian mining Ref: 27 March 2018
negative effects on company Battery Minerals The Chartered Institute of Bankers of
economy (formerly known as Metals Nigeria (CIBN), Lagos State branch,
Ref: 20 March 2018 of Africa) has been granted has urged the Federal Government
a mining licence for its to open up critical sectors of the
The capping of interest rates
Montepuez graphite project economy for investment just as it has
at 14 per cent has done
in the northern Mozambican jacked up its earnings by 50 per cent.
more harm than good to the
province of Cabo Delgado.
Kenyan economy eighteen Read more
months after its introduction, a Read more
new study shows.
Read more
10 H+K Africa Digest | March 2018

Rwanda South Africa Tanzania expands


main airport to boost
South Africa dodges passenger capacity
third junk rating; Ref: 26 March 2018
Moody’s lifts outlook A new terminal building at
Ref: 26 March 2018 Dar es Salaam’s main airport
South Africa escaped a third will open in June 2019 after
junk rating when Moody’s funding delays were resolved,
kept the foreign- and local- the Tanzanian prime minister’s
currency assessments at Baa3, office said.
its lowest investment grade, Read more
and raised the outlook to
stable from negative.
Read more Magufuli rules out
bailout for struggling
Rwanda’s mobile banks
S&P raises SA GDP
telephone penetration
forecast, warns it is still Ref: 12 March 2018
rate rises to 76.1% Tanzania’s President John
not enough
Ref: 20 March 2018 Magufuli has ordered the
Ref: 27 March 2018 country’s central bank not to
Rwanda’s mobile telephone
S&P Global Ratings raised SA’s bail out any struggling banks
penetration rate has inched
GDP growth forecast for 2018 as East Africa’s third-largest
up by 0.5 per cent to 76.1 per
from 1% to 2%, but warned it economy tries to control rising
cent in February, from 75.6 per
is still not enough to decrease bad debts.
cent the previous month.
SA’s high unemployment rate. Read more
Read more
Read more

RwandAir plans
for direct flights to Ramaphosa launches Uganda
America now in high YES initiative to address
Museveni and
gear youth unemployment
Kagame commit to
Ref: 27 March 2018
Ref: 18 March 2018 economic integration
President Cyril Ramaphosa
The Rwandan government Ref: 25 March 2018
recently launched the Youth
plans to expand Kigali
Employment Service (YES), an President Yoweri Museveni
International Airport’s existing
initiative in partnership with and Rwanda’s leader Paul
terminal to include a new
business and organised labour. Kagame have reiterated their
waiting area for passengers as
part of a bid for a licence for Read more commitment to the economic
RwandAir to operate direct integration of Africa,
flights to the US. accelerating industrialisation,
Read more Tanzania development of regional and
continental infrastructure to
improve the livelihoods of the
Rwanda and Tanzania peoples of Africa.
Central Bank projects 5% opt for electric Read more
annual inflation locomotives on SGR
Ref: 8 March 2018 line
Rwanda’s annual inflation is Ref: 26 February 2018
expected to increase to 5 per Rwanda and Tanzania have
cent in 2018 up from 4.9 per cent agreed to drop the proposed
registered in 2017, the National Bank use of diesel engines in favour
of Rwanda (BNR) has said. Central of electric locomotives for the
Bank Governor, John Rwangombwa Isaka-Kigali standard gauge
said inflation is expected to average railway (SGR) line.
at 5.0 percent in 2018 compared to
4.9 percent realized in 2017. Read more

Read more
H+K Africa Digest | March 2018 | 11

Zambia
Zambia’s economy
promising-BOZ
Ref: 24 March 2018
Bank of Zambia Governor Denny
Kalyalya has described the country’s
economy in the first quarter of this
year as promising. Dr. Kalyalya says
the country has so far seen a low
inflation rate and the exchange rate
remaining stable.
Read more

Museveni blocks Umeme Zimbabwe


contract renewal, wants Zimbabwe secures $1,2bn
cheaper replacement for World Bank debt
Ref: 26 March 2018 Ref: 29 March 2018
President Yoweri Museveni Zimbabwe has secured $1,2 billion
has ruled out the renewal of needed to clear World Bank
Umeme’s concession, ordering arrears with Finance and Economic
the Ministry of Energy to look Development Minister Patrick
for a cheaper alternative. Chinamasa saying the transaction will
be completed once the Washington-
Read more
headquartered financial institution
announces the amount it will give the
Dirty secrets of Sh200 billion country as fresh funding.
Crane Bank sale Read more

Ref: 26 March 2018


An unprecedented revolt
which happened recently at
Bank of Uganda against the
Governor Tumusiime Mutebile,
has led to a spilling of the
central bank’s darkest secrets
and could potentially damage
its reputation and hurt the
economy.
Read more