Elections Reuters/Francis Kokoroko🇬🇭 Ghana’s ex-president John Dramani Mahama said he planned to renegotiate terms of an IMF bailout and boost local ownership of future oil and mining projects if he wins a new term in office in Dec. 7 elections. Geopolitics 🇸🇩 Sudan’s foreign ministry said on Tuesday the government would accept an invitation to attend Washington-mediated peace negotiations with the paramilitary Rapid Support Forces in Geneva later this month. 🇲🇦 French President Emmanuel Macron supported Morocco’s autonomy plan for the disputed Western Sahara in a letter to King Mohammed VI of Morocco that was made public on Tuesday. In response, Algeria said it would recall its ambassador to France. 🇰🇪 🇺🇬 Kenya and Uganda revived talks on the extension of a petroleum pipeline from Eldoret in western Kenya to Kampala, in a move that would cut fuel transport costs and give Kenya a competitive advantage, officials of the two states said. Economy🇰🇪 Annual inflation in Kenya slowed to 4.3% in July, a four-year-low, from 4.6% in June. The decline was attributed partly to a stronger shilling which helped lower transport costs. Deals 🌍 Private equity firm Helios Investment Partners raised $200 million for a new fund to invest in African businesses focused on climate mitigation and adaptation. 🇪🇬 Egyptian e-commerce startup Cartona raised $8.1 million in a round led by Cairo-based investor Algebra Ventures. 🇰🇪 Chinese vehicle manufacturer Chery will invest $20 million in a new assembly plant in Kenya in partnership with local dealership Afrigreen Automobile. Governance🇬🇳 Guinea’s military leaders proposed a maximum of two presidential terms of five years, and the creation of a senate in a draft constitution. The plan will be put to a referendum before adoption. 🇹🇿 Human Rights Watch on Wednesday accused the Tanzanian government of forcefully evicting more than 82,000 people of the Maasai community from their ancestral lands in the northern Ngorongoro Conservation Area to use it for conservation and tourism purposes. Mining 🇹🇿 Tanzania’s trade minister said the government would sign a contract worth $77.4 million with Chinese firm Fujian Xho Company to implement the Maganga Matitu Iron Ore project. |