Africa Business in Brief | Issue 420| 3 Oct 2021

Africa Business in Brief | Issue 420| 3 Oct 2021

COMESA watchdog to review Safaricom Ethiopia entry deal

The Common Market for Eastern and Southern Africa (COMESA) Competition Commission has launched a formal inquiry into the joint venture between Safaricom and its parent firm Vodafone for Ethiopia entry. The regional trading bloc’s competition watchdog said its investigation will assess whether the merger of the two telecommunications companies would skew competition in the regional market. “The commission will, in accordance with the provisions of the Regulations, determine, among other things, whether or not the proposed transaction is likely to substantially prevent or lessen competition within the Common Market and whether the proposed transaction is or would be contrary to the public interest,” said the watchdog in a notice. “In view of this, the commission hereby gives notice to all interested stakeholders, including competitors, suppliers and customers of the parties to the proposed transaction to submit written representations to the commission with regard to the subject matter of the proposed inquiry. All written representations should be sent to the commission not later than 19 October 2021.”

Source: Business Daily


Angola signs USD1.5-billion solar and water projects MoU with US company

Angola has signed a Memorandum of Understanding (MoU) with Sun Africa and US-based AfricaGlobal Shaffer to create the largest minigrid energy project in Africa. This is part of a USD1.5-billion project to be implemented by Sun Africa. The project is expected to cover the southern provinces of Cunene, Namibe, Cuando Cubango and Huíla in Angola. The memorandum says the project will consist of the electrification of all municipal headquarters and main communes in the country. The Angolan Minister of Energy and Water, João Baptista Borges, signed the document on Angola’s behalf, in the presence of President João Lourenço, as part of a visit to the United States (US). Borges said that the objective of the project is to supply electricity and water to the population and promote the emergence of economic ventures. “The electrification will be done either through conventional solutions, with the extension of lines and the construction of substations, or using solar energy. The US is one of the leading countries in the installation of these systems, mainly in the remote regions, where this solution is the most available and accessible”, he stated.

Source: ESI Africa


Angola’s central bank maintains key policy rates in September, while inflation remains elevated

The Monetary Policy Committee […]

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