HK Strategies Africa Digest - Sep 2017

H+K Africa Digest | September 2017 | 1
H+K
September 2017
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
2 H+K Africa Digest | September 2017
+ Political News Roundup
Angola Mozambique Pressure mounts on

opposition leader State to revive katiba
4 Angola charmed the
promises to sign peace review process
world with political
deal by November
and democratic
maturity: CNE Mozambique seeks 7 Uganda
Huambo - Political $500 million for AGE LIMIT: The full story
parties expected to renewable energy from in, and out of
serve nation projects parliament
Angolas political Nigeria Presidential guards
Lazarus take over Parliament,
Nigeria exits 90
international arrest 27 MPs
Ethiopia organisations
Chaos in Parliament
Somalia parliament Seized Pumped action as minister, 25 MPs are
opens probe into rifles: Senate orders suspended
handover of citizen to immediate destruction,
Ethiopia increase Fines
Ethiopias occupation
Nigerian government
of Eritrea, threat to
to fund treatment
Horn of Africa: U.N.
of 50,000 new HIV
told
patients yearly
Ethiopia PM woos
stakeholders to help 6 Senate summons
resolve Oromo-Somali ministers
conflict over funding of
capital projects
Ghana
Uranium deal with Rwanda
China shrouded in
Diane Rwigara
secrecy; Minority
arrested again, now
demands clarity
faces treason
Akufo-Addo not charges
interested in Appiah Rwanda poll was not
Stadium case free or clean, UK now
claims
5 NDC government
Genocide - France
blows GHS317m oil
cash can keep the
archives - The truth is
Akufo-Addo calls for there for all to see
an end to 15-year-old
Dagbon chieftaincy
South Africa
crises
Corruption, political
Kenya turmoil hit SAs
competitiveness
Jubilee Party begins
plan to change Political certainty needed
election law for economic reform in
Kenya sets Oct. 26 as SA Kganyago
new presidential BLSA suspends corrupt
election date Eskom and Transnet
Private sector chiefs
lobby MPs to pass
friendly laws
Tanzania
Political climate worsens
Mozambique amid crackdown on
opposition
South Africa urged
President Magufuli
to partner with
gives 24-month
Mozambique
Dodoma relocation
ultimatum
+ Economic News Roundup
Angola Mozambique Investors wary as

Tanzania moves to
8 Angola poised for Mining exploration assert more control
brave new future expected to drive over mines
Angola oil minister says Mozambiques
Dar retains business
nation needs crude to economic recovery
permit fees for Kenyan
rebound to $60 Mozambique companies
Angola: President government projects
Lourenco kicks off economic growth of Uganda
with tough economic 5.3% in 2018
Monthly survey
warning indicates continued
Nigeria economic growth
Ethiopia Nigeria moves up, August inflation drops
Ethiopias GERD now 125th among 11
in Uganda, rises in
project: Egypt worlds competitive Kenya
concerned over economies
Dfcu in drive to
delays on technical Nigeria-EU Trade Hits raise Shs200b for
studies 20 Billion shareholder loan
Ethiopian entered Government to raise
codeshare GDP through local
agreement with Azul use, products
Brazilian exportation, food
Ethiopias first natural 10 CBN sees further
gas development growth in economy
project behind
schedule Rwanda
6.2% projected GDP
Ghana growth hinged on
Ghanas GDP records private sector - World
9% growth in second Bank
quarter 2017 RwandAir goes for
new routes to drive
BoGs monetary
profits
policy committee
keeps policy Rwanda joins AfDBs
rate at 21% development
focused initiative
Public debt reaches
139 billion as of June
2017 South Africa
South African
9 BOG makes changes
economy climbs out
to key heads of
of recession
departments, merges
some units Eskom is currently
the single biggest
Kenya risk to South Africas
economy: Goldman
Repeat poll triggers
Sachs
Sh30 billion cut in
development budget South Africa slips 14
places in WEF Global
Kenya pushes new Competitiveness
deal for duty-free EU Index
access
Agency tips Kenya Tanzania
as top hospitality Dar pulls the plug
investment spot on non- EPZ Kenyan
goods
Political
News
Roundup
Angola Angolas political

Lazarus
Ethiopia PM woos
stakeholders to help resolve
Angola charmed the Ref: 26 September 2017 Oromo-Somali conflict
world with political and Angolas new president, Joao Ref: 17 September 2017
Lourenco who will be sworn in
democratic maturity: Tuesday, is a former general Ethiopian Prime Minister,
CNE who spent several years in Hailemariam Desalegn, has
the political wilderness after called on major stakeholders
Ref: 07 September 2017 to assist the Government to
angling for the top job in the
Angolas elections body, 1990s. achieve a durable peace
the National Elections among the feuding parties
Read more
Commission (CNE) says the in the Oromia and Somali
regional states.
Ethiopia
country displayed political
and democratic maturity in
Read more
the conduct of the August 23
elections. Somalia parliament
Read more
opens probe into Ghana
handover of citizen to
Uranium deal with Chi-
Ethiopia
Political and Ref: 18 September 2017
na shrouded in secre-
cy; Minority demands
democratic Somalias parliament, the
House of the People, has clarity
maturity of instituted a body to investigate
the governments decision to
Ref: 27 September 2017
the Angolan handover a Somali national to

neighbouring Ethiopia.
Opposition National
Democratic Congress (NDC) is
people Read more
demanding clarity concerning
revelations by President Nana
charmed the Akufo-Addo that Ghana has
off-loaded highly enriched
Ethiopias occupation
world of Eritrea, threat to
Uranium to China.
Read more
Horn of Africa: U.N.
Huambo - Political told Akufo-Addo not inter-
parties expected to Ref: 26 September 2017 ested in Appiah Stadi-
serve nation um case
The Eritrean government
is accusing its neighbours, Ref: 27 September 2017
The Catholic Archbishop of Ethiopia, of threatening the
central Huambo Province, peace of the Horn of Africa Information Minister, Mustafa
Bishop Jos de Queiroz Alves, region with its continued Hamid, has revealed President
on Tuesday in the village occupation of their sovereign Nana Akufo-Addo will not take
of Ecunha municipality, 45 territory. up claims against him that he
kilometers from the capital smokes marijuana, a banned
Read more
city, called on political parties substance.
to put themselves at the
Read more
service of the Nation.
Read more
NDC government Mozambique seeks

blows GHS317m oil $500 million for
cash renewable energy
Ref: 26 September 2017 projects
While lack of expertise Ref: 02 September 2017
continue to hinder Ghanaian
companies from exploring Mozambique offered a
opportunities in the oil and gas portfolio of small renewable
sector, government splashed energy projects to foreign
a whopping GHS317 miIlion investors this week which
(GHS317,109,617) on capacity- it hopes will attract $500
building between 2011 and million in investment and give
2016. everyone in the southern
African country electricity by
Read more Private sector chiefs 2030.
lobby MPs to pass Read more
Akufo-Addo calls for friendly laws
an end to 15-year-old
Dagbon chieftaincy
Private sector executives
Nigeria
have petitioned Parliament
crises to amend a number of laws
Nigeria exits 90
Ref: 10 September 2017 that have continued to hinder international
President Nana Akufo-Addo business transactions in the organisations
has called on chiefs from the country and the region.
Northern Region to speedily Read more
The Federal Government
settle all chieftaincy, land and
says it will trim down Nigerias
ethnic disputes to accelerate
Mozambique
membership of over 310
the development and
international organisations
progress of the area.
and associated financial
Read more
South Africa urged obligations to safeguard the
to partner with nation from possible financial
Mozambique embarrassment.
Kenya Ref: 01 September 2017 Read more
Jubilee Party begins South African businesses

and their staff have been Seized Pumped action
plan to change elec-
urged to reach out to their rifles: Senate orders
tion law Mozambican counterparts immediate destruction,
Ref: 28 September 2017 and establish partnerships
that will enable them to increase Fines
Jubilee Party signaled its
access trade and investment Ref: 27 September 2017
determination to change the
opportunities in the The Nigerian senate has
election law before the repeat
neighbouring country. ordered for the immediate
presidential poll.
Read more destruction of firearms illegally
Read more
imported into the country.
Read more
Mozambique
Kenya sets Oct. 26 as
opposition leader
new presidential elec- Nigerian government
promises to sign peace
tion date to fund treatment
deal by November
Ref: 21 September 2017 of 50,000 new HIV
Kenyas electoral commission patients yearly
has rescheduled the date Mozambican opposition Ref: 27 September 2017
for a rerun of last months Renamo leader, Afonso
annulled presidential vote, Dhlakama, said he would The Nigerian government
as President Uhuru Kenyatta sign a peace deal with says it plans to use domestic
slammed the Supreme Court the government by early funds to provide antiretroviral
ruling that overturned his November, in a bid to end drugs for additional 50,000
victory as a judicial coup. almost three years of sporadic HIV patients every year, a
violence. development that experts say
Read more would boost treatment of the
Read more
scourge in the country.
Read more
Senate summons min-

isters over funding of
South Africa Tanzania
capital projects Corruption, political Political climate
Ref: 07 August 2017 turmoil hit SAs worsens amid
The Nigerian Senate recently competitiveness crackdown on
summoned the Minister of Ref: 26 September 2017 opposition
Finance, Kemi Adeosun, and
Corruption was cited as one Ref: 08 September 2017
her counterpart in the Ministry
of Budget and Planning, of the biggest obstacles in President Magufuli has been
Udoma Udo-Udoma, over creating a competitive business accused of governing in an
delay in release of funds for environment in South Africa, as increasingly authoritarian style,
projects in the 2017 budget. the country dropped 14 places as members of the opposition
in the World Economic Forums become concerned for their
Read more (WEFs) Competitiveness Index. safety.
Read more
Rwanda
Read more
Diane Rwigara arrested President Magufuli

again, now faces treason gives 24-month
charges Dodoma relocation
ultimatum
Rwandas disqualified presidential Ref: 24 September 2017
candidate Diane Rwigara now Central government
faces fresh and more serious employees who are supposed
charges that include treason, to relocate to Dodoma, but
inciting revolt and revealing will still be in Dar es Salaam
sensitive information. come 2019 should consider
themselves jobless, because
Read more even the State House will pack
its bags in two years.
Rwanda poll was not Read more
free or clean, UK now Political certainty needed
claims for economic reform in Pressure mounts on
Ref: 16 September 2017 SA Kganyago State to revive katiba
Over a month after the Ref: 28 September 2017 review process
presidential election in Rwanda,
South Africa must sort out its Ref: 28 September 2017
the United Kingdom now claims
political problems in order to Pressure on the government
there were irregularities in ballot
kickstart structural reform and to revive the constitution
counting and the registration
unlock economic growth, central review process mounted on
process of candidates.
bank governor Lesetja Kganyago Wednesday with at least 80
Read more told Reuters on Thursday. civil society organisations
Read more (CSOs) adding their voices to
the chorus.
Genocide - France can
keep the archives - The BLSA suspends corrupt Read more
truth is there for all to see Eskom and Transnet

Business Leadership South
On April 7, 2015 as the world Africa on Thursday booted
joined Rwandans for the 21st out state-owned entities
commemoration of the Genocide Eskom and Transnet for their
against the Tutsi, France involvement in corruption and
proclaimed a good message, state capture with immediate
something that had never effect.
happened for two decades.
Read more
Read more
Uganda
AGE LIMIT: The full story

from in, and out of
parliament
The much anticipated motion

for MP Raphael Magyezi
seeking leave of parliament to
introduce a Private Members
Bill to amend the constitution
was not even on the Order
Paper.
Read more
Presidential guards
take over Parliament,
arrest 27 MPs
A joint force of presidential
guards, the elite Special Forces
Command (SFC) soldiers and
police officers attached to
parliament forcibly pulled out
several legislators opposed to
lifting the age limit from the
chambers of parliament today
afternoon.
Read more
Chaos in Parliament
as minister, 25 MPs are
suspended
Speaker Rebecca Kadaga
has suspended a minister and
25 legislators who allegedly
participated in the Tuesday
fracas that forced her to
adjourn the Sitting
Read more
Economic
News
Roundup
Angola Ethiopia Ghana

Angola poised for brave Ethiopias GERD Ghanas GDP records
new future project: Egypt 9% growth in second
Ref: 01 September 2017 concerned over quarter 2017
The new MPLA government in delays on technical Ref: 27 September 2017
Angola under Joo Lourenco
looks set to introduce bold studies
The total value of goods and
measures to rejuvenate the Ref: 23 September 2017 services produced in the
economy in the former Portu- Egypt has expressed concerns country ending June this year
guese colonys 39th year of over what it says is the slow witnessed its biggest growth in
independence. pace of work on technical a long while.
Read more studies in relation to Ethiopias Read more
flagship dam the Grand
Ethiopian Renaissance Dam
Angola oil minister says (GERD) project. BoGs monetary policy
nation needs crude to Read more
committee keeps policy
rebound to $60 rate at 21%
Ref: 01 September 2017 Ethiopian entered Ref: 25 September 2017
Angolas Petroleum Minister codeshare agreement The Monetary Policy
Jose Maria Botelho de Vas- Committee (MPC) of the Bank
concelos said its essential for with Azul Brazilian
of Ghana (BoG) has kept
the southern African nations Ref: 23 September 2017 its policy rate of 21 percent
economy that oil prices unchanged.
Africas largest airline group,
rebound to $60 a barrel this
Ethiopian Airlines and Azul Read more
year.
Brazilian Airlines have entered
Read more a codeshare agreement ef-
fective Oct 01, 2017. Public debt reaches 139
Angola: President Read more billion as of June 2017
Lourenco kicks off Ref: 25 September 2017
with tough economic Ethiopias first natural The countrys debt stock
warning gas development reached 139 billion as at
project behind the end of June this year, the
latest economic and financial
Angolas first new president in schedule data released by the Bank of
almost four decades vowed to Ref: 23 September 2017 Ghana (BoG) has revealed.
rebuild an economy devas-
Due to complex negotiations Read more
tated by falling oil prices and
with the Djiboutian govern-
fight corruption at his inaugu-
ment on gas pipeline con-
ration this month.
struction to the port of Djibouti,
Read more Ethiopias first natural gas
development project in the
Ogaden basin in Somali Re-
gional State is lagging behind
schedule.
Read more
BOG makes changes

to key heads of Mozambique Nigeria
departments, merges Nigeria moves up, now
some units 125th among worlds
Ref: 18 September 2017 competitive economies
The Bank of Ghana has made Ref: 27 September 2017
key changes to various heads
of department while still Nigeria has moved two
merging some units. steps upward among the
competitive economies in
Read more the world, according to the
latest ranking by the World
Kenya Economic Forum, WEF.

Read more
Repeat poll triggers Mining exploration

Sh30 billion cut in expected to drive Nigeria-EU Trade Hits
development budget Mozambiques 20 Billion
Ref: 28 September 2017 economic recovery Ref: 25 September 2017
The Treasury has cut Ref: 12 September 2017 Trade Counselor and Head of
development spending by Trade and Economic section
Mozambiques economic
Sh30 billion for the current of the European Union (EU)
growth is expected to recover
financial year through a mini- Delegation to Nigeria &
slightly at a rate of 4.2%
budget in what could dim ECOWAS, Filippo Amato, has
this year, supported almost
economic growth and jobs put the total value of trade
exclusively by the mining
creation. between Nigeria and the EU in
sector, after reaching the
2016 at 19.9 billion in 2016.
Read more lowest value in the last 15
years in 2016, according to Read more
the Economist Intelligence Unit
Kenya pushes new (EIU) in its latest country report
deal for duty-free EU Government to raise
Read more
access GDP through local use,
Ref: 27 September 2017 Mozambique products exportation,
Kenya has launched a fresh government projects food
push for the conclusion of
long-pending trade deal economic growth of Ref: 22 September 2017
between the European 5.3% in 2018 The Federal Ministry of

Union and the East African Science and Technology, is
Ref: 22 September 2017 working out collaborations
Community (EAC) amid risks
of losing preferential access Mozambiques economy to ensure increased use of
for its products to the main is expected to grow by some research products
European market. 5.3% in 2018, up from the from its agencies as well
4.7% forecast for this year, as commencement of
Read more according to the proposed exportation of such products
Economic and Social Plan and breakthroughs in food
and State Budget bill for the technology in efforts to raise
Agency tips Kenya Nigerias Gross Domestic
coming year, approved on
as top hospitality Thursday by the government, Product (GDP).
investment spot the Mozambican press
Read more
reported.
A global hotels, tourism and Read more
leisure consulting firm has
named Kenya East Africas
hottest investment spot,
where 24 multi-billion five-star
hotel projects are currently
underway.
Read more
CBN sees further

growth in economy
South Africa
Ref: 22 September 2017 South African
As the country exits recession,
economy climbs out of
the Central Bank of Nigeria recession
(CBN), said the economy will Ref: 05 September 2017
continue to improve in the days
South Africas economy has
and years ahead.
rebounded from a technical
Read more recession, the latest GDP data
from Stats SA shows.
Rwanda Read more

Investors wary as
6.2% projected GDP Eskom is currently Tanzania moves to
growth hinged on the single biggest assert more control
private sector - World risk to South Africas over mines
Bank economy: Goldman Ref: 26 September 2017
Ref: 07 September 2017 New laws and a crackdown
Sachs on mining firms in Tanzania
For Rwanda to achieve Ref: 22 September 2017 has slowed fresh investment
the projected 6.2 per cent in what has long been seen
economic growth this year, Debt and corruption scandals at
Eskom Holdings SOC Ltd. make as one of Africas brightest
there is need to urgently address mining prospects as companies
private sector investment the utility the biggest risk to
South Africas economy and the assess the consequences of
capacity, the World Bank has government efforts to claim a
said. government needs to replace its
management, Goldman Sachs bigger slice of the pie.
Read more Group said. Read more
Read more
RwandAir goes for new
Dar retains business
routes to drive profits South Africa slips 14 permit fees for Kenyan
Ref: 26 August 2017 places in WEF Global companies
RwandAir is banking on new Competitiveness Index Ref: 25 September 2017
routes and efficient use of assets
to get back to profitability this Ref: 27 September 2017 Tanzania has retained business
year after it plunged into loss- South Africas performance in permit fees for Kenyan firms
making last year. the 2017-2018 World Economic after nearly one year of gruelling
Forum Global Competitiveness negotiations.
Read more
Index (WEF GCI) slipped 14 Read more
positions from the 2016-2017 WEF
Rwanda joins AfDBs GCI results, leaving the country
development focused ranking 61 out of 137 economies
assessed in the annual survey.
Uganda
initiative
Read more
Monthly survey
indicates continued
Rwanda has joined the African
economic growth
Community of Practice (AfCoP)
forum, an initiative by the Tanzania Ref: 19 September 2017
African Development Bank There has been improvement
(AfDB) that brings together
Dar pulls the plug on non-
in the health of the Ugandan
practitioners and governments EPZ Kenyan goods private sector, the Headline
on the continent to discuss Ref: 25 September 2017 Stanbic Bank Uganda Purchase
mechanisms to achieve result- Managers index (PMI) for
Tanzania has blocked
based management (RBM) August has shown.
preferential access for Kenyan
in business, and governance,
textile goods manufactured Read more
among others.
outside the Export Processing
Read more Zone (EPZ), citing unfair
competition for its own
manufacturers.
Read more
August inflation drops

in Uganda, rises in
Kenya
Uganda recorded a drop in
headline inflation in August due
to a fall in food prices. Kenya,
on the other hand, saw a rise
during the same month, driven
by an increase in food prices
occasioned by depressed rains
and low supplies.
Read more
Dfcu in drive to
raise Shs200b for
shareholder loan
Dfcu Limited, the single
shareholder of dfcu Bank, has
launched the rights issue where
it expects to raise Shs200 billion
by selling new shares to settle a
shareholder loan.
Read more

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H+K Africa Digest | September 2017 | 1

Angola Ethiopia Ghana Kenya

+ Political News Roundup

Angola Mozambique Pressure mounts on

+ Economic News Roundup

Angola Mozambique Investors wary as

Angola Angolas political

the Angolan handover a Somali national to

NDC government Mozambique seeks

Jubilee Party begins South African businesses

Senate summons min-

Diane Rwigara arrested President Magufuli

truth is there for all to see Eskom and Transnet

AGE LIMIT: The full story

The much anticipated motion

Angola Ethiopia Ghana

BOG makes changes

Kenya Economic Forum, WEF.

Repeat poll triggers Mining exploration

between the European 5.3% in 2018 The Federal Ministry of

CBN sees further

Rwanda Read more

August inflation drops

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