$600 million –
The Kenyan government is reviewing its partnership with Air France-KLM, as it requires $600 million to recover after posting a loss of 25.7-billion shillings ($254m), the biggest in Kenya’s corporate history. Kenyan Airways is the third-largest carrier in sub-Saharan Africa.
292 gigawatts –
Africa needs to add 292 gigawatts to its current energy capacity, as the continents population is expected to increase to 1.8 billion in the next 35 years – World Economic Forum Africa.
$787 million –
TAZARA’s (Tanzania-Zambia Railway) debt stands at $787 million, according to the Tanzania government. Government officials from Tanzania, China and Zambia met in Dar es Salaam to discuss the future of the struggling TAZARA line, which runs from Dar es Salaam to Kapiri- Mposhi in Zambia. One recommendation is to link TAZARA to the new Tanzanian port in Bagamoyo.
6th blockade –
The Gambia – Senegal border is gripped in its sixth blockade since 2000. Gambian authorities announced a hundred-fold fee increase for trucks entering Gambia. After protests, Gambian authorities have since reinstated the original tariff, however angry Senegalese drivers are still blocking the road and the border remains closed. Gambia is surrounded by Senegal and relies on the country for imports.
Nigeria increased the petrol price 87% from N86.50 ($0.44) to N145 ($0.73). However, some stations were selling the price as high as N200 ($1.01) per litre with increased shortages.
Mauritius is the lowest risk (37) African country, in the 2016 FM Global Resilience Index, a global ranking of countries’ business resilience to supply chain disruptions. Mauritius is followed by Namibia (44) and South Africa (42). The highest risk African countries are Mauritania (126), Egypt (124) and Algeria (123); largely impacted by oil and terrorism. Globally, Switzerland is the lowest risk country, followed by Norway.
$1 billion –
Rwanda said the proposed $1 billion standard-gauge rail link to the Indian Ocean, is cheaper and shorter (estimates range from $800m -$900m) through Tanzania. Rwanda, Kenya and Uganda in 2013 agreed to construct a rail link to the Kenyan port of Mombasa. Last month, Uganda also selected the Tanga Port in Tanzania, as the most cost effective route to export its crude oil from Hoima.
Cote d’Ivoire is the best sub-Saharan African destination for investors, according to Nielsen’s 2016 African Prospects Indicators report. The country is followed by Kenya, Tanzania and Nigeria. South Africa ranks a lowly 7th.