Weekly summary report : Eastern and southern Africa

Power Brokers and their Connections

Published this week in the EASTERN AND SOUTHERN AFRICA section  SPOTLIGHT _ _  SUDAN _ _  21/05/2021 _ _   Hamdok turns to advisory banks for major financial sector overhaul   Sudan's next major undertaking will be the reform of its financial system. Several international banks are on hand to advise the government in the task.  [...]      SPOTLIGHT _ _  UNITED ARAB EMIRATES _ _  QATAR _ _  SOMALIA _ _  18/05/2021 _ _   Farmajo, spurned by Qatar, turns to UAE crown prince MBZ   The Somali president, on the verge of losing his job, is seeking financial support from new sources in the Gulf. The Emirati crown prince has agreed to talks, but remains cautious.  [...]  SOMALIA _ _  KENYA _ _  21/05/2021 _ _   How Doha failed to reconcile Nairobi and Mogadishu   Despite their combined efforts, Qatar's ambassadors in Kenya and Somalia have failed to lower tensions between the neighbouring countries, locked in a row over offshore oil reserves that straddle their respective borders.  [...]      UGANDA _ _  RWANDA _ _  20/05/2021 _ _   Kagame and Museveni eye each other warily and up their military budgets   Rwanda and Uganda will be presenting their 2021-22 budgets to their respective parliaments on the same day, 10 June. Both have earmarked substantial sums for defence spending.  [...]      DJIBOUTI _ _  20/05/2021 _ _   IOG gives green light for regeneration of Djibouti's old port   Already the leading player in the Djiboutian maritime sector, China Merchants is set to build a new business district on the site of Djibouti's old port.  [...]      DJIBOUTI _ _  20/05/2021 _ _   IOG's entourage ousts CEO and takes control of sovereign fund   Before it even hits its stride, Djibouti's new sovereign wealth fund, launched by President Ismail Omar Guelleh (IOG) in September 2020 to better manage the country's revenue, is facing a leadership crisis.  [...]      UGANDA _ _  19/05/2021 _ _   Elbit's high tech Air Force centre helps tighten Uganda-Israel ties   Israeli defence giant Elbit Systems is leading the construction of a Ugandan Air Force air traffic control centre. The arrangement is a sign of how security cooperation is being integrated into the close diplomatic ties between Tel Aviv and Kampala.  [...]      MOZAMBIQUE _ _  19/05/2021 _ _   Mauritian ETG hungry for cashews after Olam's exit   Export Trading Group, an agricultural conglomerate registered in Mauritius and owned by the Patel family, is making moves on Mozambique's cashew nuts, up for grabs since the departure of agrifood giant Olam.  [...]      MADAGASCAR _ _  18/05/2021 _ _   Country's elite turn their backs on president's potion in favour of vaccines   Until recently, President Andry Rajoelina had long advocated using the "national remedy" of an Artemisia-based infusion to protect against and cure Covid-19. Madagascar's bigwigs, meanwhile, are doing all they can to vaccinate their families.  [...]      DJIBOUTI _ _  18/05/2021 _ _   France puts its brand new 'Vador' spy plane to the test   One of the French army's two light surveillance and reconnaissance planes has conducted its first test flights in Djibouti. It will later be deployed in Operation Barkhane in the Sahel.  [...]      SUDAN _ _  17/05/2021 _ _   Orca Gold readies to sign $300m deal with Hamdok   Breaking news published on 17/05/21 at 10:55 am - On the sidelines of the "Friends of Sudan" conference in Paris on Monday, Canadian firm Orca Gold is poised to formalise an agreement with the Sudanese government. The event was nearly cancelled after a airplane mishap that saw the Sudanese delegation stuck in Khartoum over the weekend.  [...]      SUDAN _ _  17/05/2021 _ _   Islamic finance set to lose its monopoly   As part of its economic reform programme, Sudan is putting in place a two-track system where Islamic and conventional finance will operate side by side.  [...]      GHANA _ _  ETHIOPIA _ _  17/05/2021 _ _   Former Tigrayan masterspy lands in Accra   Ethiopia's new ambassador to Ghana Hadera Abera Admasu, is a veteran of the country's intelligence service NISS, where he worked for thirty years.  [...]      SOUTH AFRICA _ _  17/05/2021 _ _   Allan Gray voices its support of Glencore   After three years of poor stock performance, Glencore's prices are on the rise. This is good news for South African investment giant Allan Gray. Glencore is one of its main investments and the fund ardently believes it is a good one.  [...]      SOUTH SUDAN _ _  17/05/2021 _ _   Russian PANH Helicopters returns to UNMISS OIL & GAS  UGANDA _ _  21/05/2021 _ _   Total given carte blanche by Museveni   Total is set to recoup over three billion dollars on the development of the Tilenga project, the Ugandan president having conceded to all of the demands of the French oil major to ensure that production begins before the end of his term in 2026.  [...]      MOZAMBIQUE _ _  19/05/2021 _ _   TechnipFMC to make ENI cover cost of Pemba departure   The Italian major ENI will have to pay for the cost of relocating its subcontractor TechnipFMC's activities from Pemba to Maputo.  [...]      MOZAMBIQUE _ _  17/05/2021 _ _   Total's Mozambique manager Ronan Bescond ponders his future while all projects are frozen   Total's CEO intended to replace its local management, but the events on 24 March in Palma changed everything.  [...] MINING SECTOR  INNER CIRCLES _ _  SOUTH AFRICA _ _  21/05/2021 _ _   The behind-the-scenes power players at the redoubtable Department of Mineral Resources and Energy   The Department of Mineral Resources and Energy is used to making the headlines in the South African press over its management of the country's electricity supply network. It also plays a crucial role, however, in the functioning of South Africa's tentacular mining sector. At its head are a number of individuals who are as powerful as they are little known.  [...] Discover our subscription offers

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