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The East African : Mar 16th 2015
2 AGENDA MONDAY Meeting of EAC Regulatory Authority A five-day EAC Regulatory Authority meeting to negotiate and draft mutual recognitiom agreement kicks off in Arusha. Forum on non-trade barriers, Nairobi Three-day 17th EAC Regional Forum on NTBs begins in Nairobi TUESDAY Competition policy and law workshop A two-day regional advocacy workshop on EAC Competition Policy and Law kicks off in Arusha. Printing, packaging conference, Nairobi A three-day East Africa Propak Conference on Printing, Packaging and Plastics opens at KICC in Nairobi. THURSDAY Industrialisation summit by Comesa Week-long 18th Comesa Summit under the theme ”Inclusive and Sustainable Industrialisation” starts in Addis Ababa EALA resumes plenary sittings in Bujumbura The East African Legislative Assembly will resume its plenary sittings on March 16 in Bujumbura. Chairperson of the Summit of EAC Heads of State President Jakaya Kikwete is expected to give the State of EAC Address. Key on the agenda is the Accounts Committee report, which had indicated misuse and mismanagement of the community funds. EALA members at a previous sitting. www.theeastafrican.co.ke EDITORIAL Nairobi E-mail: email@example.com P.O. Box 49010 GPO Nairobi 00100 Tel: 328 8406-10 Dar es Salaam Email: firstname.lastname@example.org Tel: 2119657-9 Fax: 232781 ADVERTISING, CIRCULATION, SUBSCRIPTIONS ARUSHA Nassib Majamba, Summit Centre, 3rd Floor, Sokoine Road, P.O Box 14146, Arusha Tel +255 272 544505 email@example.com DAR ES SALAAM Philip Kassanga, Harbour View Towers, 4th Floor, Samora Avenue P.O. Box 8101, Dar es Salaam Tel: +255 22 2119657/8/9 Fax: 255 22 2115566 firstname.lastname@example.org KAMPALA Richard Senkwale, Crested Towers, Short Tower, 7th Floor, Hannington Road, P.O. Box 6100, Kampala. Tel: 232771/2, Fax: 232781 E-mail: email@example.com KIGALI Andrew Busingye Bodifa Mercy House-Gishushu, 8th floor. Tel: + 250 782 420421, Kigali firstname.lastname@example.org NAIROBI ADVERTISING AND CIRCULATION Connie Mwangemi, Nation Centre, Kimathi Street, P.O. Box 49010 00100-Nairobi, Tel: +254 20 3288149 E-mail: email@example.com NAIROBI SUBSCRIPTIONS Tel: 328 8554/6/7, Fax: (254-2) 214047/214565 E-mail: firstname.lastname@example.org The African Development Bank Group has approved a $123 million African Development Fund loan to Kenya for the Mombasa-Mariakani Highway upgrading project. The road is a key import/export gateway and an important section of the Northern Corridor, linking the port of Mombasa in Kenya with landlocked Uganda, Rwanda, Burundi and the Democratic Republic of Congo. Trucks on Mombasa-Mariakani road. South Sudan, Somalia also coming to region’s ICT meeting The March 30-April 2 Connected East Africa Summit will include delegates from South Sudan and Somalia for the first time. The summit aims to improve the East Africa Customs Union and enhance an integrated community. Running for seven years now, the summit is a platform for sharing ideas on using information communications technology in service delivery to citizens. Participants at an ICT event. Securities regulators agree on joint annual inspections The East African Securities Regulatory Authorities, the umbrella group for regional regulators, will be carrying out annual joint inspections of stockbrokers, investment banks and other licensees to harmonise the capital markets. The aim of the joint inspections is to provide a set of common practices to be applied to the capital markets in the region. Traders at the Uganda Securities Exchange. AfDB gives $123m for Mombasa-Mariakani road project JOYCE ALUOCH: Former Kenyan Court of Appeal judge was elected the first vice president of the International Criminal Court. She is the second African to hold a senior position in the court after Prosecutor Fatou Bensouda. SAARA KUUGONGELWAAMADHILA: The 48-yearold former Namibian finance minister and director general at the National Planning Commission was named the country’s first female prime minister. GER DUANY: Former South Sudanese child soldier, now famed actor and model, was named the UNHCR ambassador. The Good Lie star is now the voice and face for refugees. He visited Dadaab refugee camp last month. EDGAR LUNGU: The Zambian president left a South African hospital, where he had been flown for treatment after he collapsed at a meeting. His doctors recommended rest and ‘appropriate treatment’ for Achalasia, a throat condition. TIDJANE THIAM: Will be the first African CEO of a European bank when he joins Credit Suisse Group. The 52year-old Ivorian will also be the only black CEO running one of Switzerland’s major publicly traded companies. FACES IN THE NEWS The EastAfrican NEWS MARCH 14-20,2015 THE INTEGRATION TRACKER Monitoring the progress of the East African Community Positive developments Negative developments Neutral East Africa still has a long way to go in infrastructure despite facilities such as this oil rig in Turkana in Kenya. Pic: File Region has to wait till 2020 fo≥ oil, gas cash By KENNEDY SENELWA Special Correspondent oil and natural gas until 2020 due to infrastructure bottlenecks, according to the Standard Bank Group of South Africa. The region is a hotspot E for oil and gas following a string of discoveries in Kenya, Uganda, Tanzania and Mozambique but SBG Securities, the bank’s equities arm, sees the massive investment in production facilities and pipelines with export terminals as delaying exploitation. Kenya and Uganda have been pushing oil companies to bring the first barrels out of the ground in 2019 and 2017 respectively. SBG Securities estimates that Kenya, Uganda and Mozambique will commence commercial hydrocarbons production in 2020 while Tanzania is slated to start in 2021. “These are estimates of the earliest start of operations.,” said SBG’s oil and gas equity analyst Lionel Therond. He said development of ast Africa will not make much money from crude oil resources in Uganda and Kenya is being planned as an integrated project using one pipeline to the coast while Tanzania with Mozambique are competing on first gas production. The projects could be delayed by lack of infrastructure and funds. Project site approvals by governments are marred by delays and are likely to affect private sector investment decisions. Tanzania has 53.28 tril- lion cubic feet of gas and Mozambique has massive deposits. Kenya has onshore 600 million barrels of oil in South Lokichar basin and Uganda 6.5 billion barrels of oil in the Albertine basin. Political risks include difficulty by governments in dealing with the expectations generated at the national and local levels by the potential impact of such large projects in relation to the size of the economies. Tanzania requires four trains (processing units) with onshore liquefied natural gas export terminal for offshore natural gas discoveries. Mozambique needs six trains for its massive offshore discoveries.
Mar 9th 2015
Mar 23rd 2015