31
AUG
2015

EVENT: Africa-Japan Business Investment Forum

31 August – 2 September 2015, Ethiopia. Hosted by IC Publications and Nikkei Business, the objective of the Forum is to help strengthen ties between these two business networks as well as to share best practice and opportunities between these two constituencies. The Investment...
26
AUG
2015

NIGERIA NEWS UPDATE – 26 AUGUST 2015

Group Head of the Nigerian National Petroleum Corporation (“NNPC”) has said that a forensic audit of the company’s accounts will take place. Emmanuel Kachikwu (“Kachikwu”) was appointed in early August to restore confidence in the organisation and implement structural...
19
AUG
2015

GHANA NEWS UPDATE – 19 AUGUST 2015

Year on year inflation rose to 17.9 percent in July from 17.1 percent in June. The rise was attributable to sharp increases in the cost of utilities, housing and transport. Inflation continues on an upward trajectory risking the Bank of Ghana’s (“BoG”) own 14.0 percent year-end...
18
AUG
2015

KENYA NEWS UPDATE – 18 AUGUST 2015

Kenya and Uganda have agreed on the northern route for the 1,500km pipeline to transport oil from Hoima in western Uganda to the Indian Ocean on Kenya’s coastline, ending a year long dispute between the two countries’ leaders. The path will go through northern Kenya and Lokichar...
13
AUG
2015

NIGERIA NEWS UPDATE – 13 AUGUST 2015

President Muhammadu Buhari has appointed a committee to advise him on anti corruption and reforming the legal system. The seven-member Presidential Advisory Committee on Anti Corruption mostly comprises of academics and has been criticised by some judges for not including either...
11
AUG
2015

TANZANIA NEWS UPDATE – 11 AUGUST 2015

President Jakaya Kikwete (“President Kikwete”) on Tuesday 4 August signed into law important legislations for Tanzania’s oil and gas sector. They include the Petroleum Act 2015, The Tanzania Extractive Industries (Transparency and Accountability) Act 2015, as well as the Oil and...
05
AUG
2015

GHANA NEWS UPDATE – 5 AUGUST 2015

Finance Minister Seth Terkper has submitted a revised mid-year budget. The 2015 budget deficit target has been adjusted to 7.3 percent of GDP, lower than the 7.5 percent target set by the IMF, and the 6.5 percent presented in the November 2014 budget. Changes to the supplementary...
04
AUG
2015

KENYA NEWS UPDATE – 4 AUGUST 2015

The Kenyan media continued last week to be dominated by news of President Barack Obama’s (“President Obama”) three day visit to Nairobi, 24 – 26 July. Kenya has been gripped by what some have termed ‘Obama-mania’ over the last weeks in preparation for Preside...