Friday, September 22
Tanzana Energy


Safaricom-Apple partnership announced by President William Ruto
  • At the United Nations General Assembly (UNGA) in New York and sideline events, Kenya's Ruto is proving to be irresistible to corporates and global leaders.
  • Dr Ruto is keen on driving up Foreign Direct Investments in Kenya to shore up the economy and adress a biting joblessness crisis among the youth.
  • Between 2015 and 2021, Kenya’s stock of FDI stood at $10.4 billion. The major investors were UK (13.5%), Mauritius (11%), US (10.3%), South Africa (9.8%) and France (5.2%).
  • FDI stock is predominantly concentrated in finance and insurance (around 33%), ICT (16.1%), wholesale and retail (15.4%) and manufacturing (14.8%).
  • Overall, Kenya has been one of the largest recipients of FDI in Africa.

Kenya is looking up at a major growth in Foreign Direct Investments (FDI) as President William Ruto intensifies his global charm offensive, which is proving to bear fruits in the short to medium-term.

At the United Nations General

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President Samia Suluhu Hassan of Tanzania

Tanzania has the potential to enhance revenue collection and optimise public expenditure, leading to improved human capital outcomes, inclusive economic growth, and greater prosperity. 

The World Bank’s 19th Tanzania Economic Update, “Enhancing the Efficiency and Effectiveness of Fiscal Policy in Tanzania,” highlights key findings and recommendations for strengthening fiscal policies in the country. …

Tanzania Energy Congress Oil and Gas in Tanzania TotalEnergies Shell
  • Hundreds of delegates are meeting at the 5th Tanzania Energy Congress to build up possible pathways to realise the country’s energy ambition.
  • Tanzania has abundant natural energy resources such as natural gas, wind, solar, which are largely untapped.
  • Jared Kuehl, Vice President Shell, Tanzania says the congress is an opportunity for the nation to market its potential to the world.

Tanzania’s growing presence in the oil and gas sector was on full display as the 5th Tanzania Energy Congress brought together industry giants, political leaders, and experts.

The event, which is set to end on 21st September, aims to chart the course for Tanzania’s energy future.

With 900 delegates, 100 exhibiting companies, and 90 government and industry experts in attendance, the congress became a hub for discussions on realizing Tanzania’s sustainable energy goals.

Read Also: Tanzania and Oman: Pioneering a Sustainable Energy Future

Regulatory environment for investments

Oil and gas …

Record-high oil prices in Kenya

For many Kenyans, life was unbearable during former President Uhuru Kenyatta’s reign. But just one year after President William Ruto came to power, life is getting more onerous. High taxation, the depreciation of the shilling against the dollar, and record-high fuel prices have highlighted the last few months. This has painted a grim picture of Kenya’s future and shattered citizens’ hopes for economic reinvigoration.
On September 14, 2023, the Energy and Petroleum Regulatory Authority (EPRA) announced record-high fuel prices for the September-October regulation cycle. A litre of super will now retail at Kes 211.64, diesel at Kes 200.90, and Kerosene at Kes 202.61. This represents an increase of Kes 16.96, 21.32, and 33.13, respectively, in the new prices announced last midnight.…

European Commission President Ursula von der Leyen.
  • European Commission President Ursula von der Leyen says chaos in Africa’s Sahel leaves the area vulnerable to terrorism.
  • Von der Leyen says the situation in the Sahel directly impacts Europe’s security and prosperity.
  • The Sahel region has experienced eight coups across six nations, from Guinea to Sudan, in the last three years.

The European Commission President Ursula von der Leyen has pointed an accusing finger at Russia for orchestrating the roiling chaos gripping Africa’s Sahel region.

In her annual speech to the European Parliament in Brussels today, she noted that military coups currently plaguing Africa’s Sahel region have been a destabilizing factor, increasing the zone’s vulnerability to terrorism.

Von der Leyen made it clear that the European Union must significantly enhance its engagement with African countries, as the situation in the Sahel directly impacts Europe’s security and prosperity.

“We need to show the same unity of purpose towards Africa …

Libya's flood disaster

The eastern Libyan city of Derna has gone into mourning after catastrophic flooding that left about 10,000 people missing. Rescue teams have embarked on recovery efforts for the remains of loved ones as the scale of the disaster unfolds. Media reports say authorities estimate that close to 2,000 people have lost their lives in the Derna area alone.

The Libyan Government of National Unity (GNU) has issued a heartbreaking report stating that the entire road and bridge network in Derna has collapsed. This now calls for an estimated $67 million for reconstruction.…

AU joins G20
  • The African Union has been welcomed as a permanent member of the Group of 20, the world’s leading economies.
  • For the past seven years, the AU has lobbied for full membership in the G20.
  • As a G20 member, the AU will represent a continent that is home to the world’s largest free trade area and rich in the resources needed to tackle climate change.

In a historic move, the African Union (AU) has been welcomed as a permanent member of the Group of 20 (G20), the world’s leading economies. This development underscores Africa’s growing influence on the global stage, as over 50 African nations seek to play a more pivotal role in international affairs.

US President Joe Biden, who advocated for the AU’s inclusion, noted that this decision has been long overdue, while Indian Prime Minister Narendra Modi extended the invitation during his country’s G20 summit. “It is time for …

Morocco Earthquake

In a devastating turn of events, Morocco was struck by a rare and powerful earthquake late Friday night. The catastrophe claimed the lives of over 800 people and caused extensive damage across the region. The earthquake, with a magnitude of 6.8, is the strongest to hit Morocco in 120 years.

The impact of the quake reached from remote mountain villages in the Atlas Mountains to the historic city of Marrakech. However, the full extent of the tragedy remains unknown. Consequently, rescuers face treacherous boulder-strewn roads to reach the hardest-hit mountain communities.…

Africa Food Systems Forum 2023
  • Over 283 million Africans experience hunger daily, and millions suffer from malnutrition, a crisis that demands attention
  • Tanzania’s Samia Suluhu urges African leaders to prioritize the agriculture sector and align it with the 2014 Malabo Declaration.
  • Kenya’s William Ruto says the adoption of technology, including online distribution of fertilizer, is transforming agriculture.

Africa faces a pivotal moment where challenges looming on its doorstep can be transformed into opportunities to revamp and reshape its agriculture policies and strategies.

President Samia Suluhu Hassan emphasized this during the Africa Food Systems Summit 2023, held in Dar es Salaam from September 5-8.

Dr Samia urged African leaders to prioritize the agriculture sector, aligning their goals with current economic needs and the Malabo Declaration 2014, which calls for increased agriculture budgets and inclusive growth.

Over 283 million Africans experience hunger daily, and millions suffer from malnutrition, a crisis that demands attention. President Samia implored fellow …