A new credit scheme in Nigeria, Rwanda/UK asylum plan and e-mobility policy in Kenya

May 2, 2024 | The VaultNewsletter

Welcome back to the Vault.

this week's edition covers interesting policy developments in nigeria rwanda kenya and ethiopia highlights include nigeria's new credit program ukrwanda asylum kickoff and kenya's emobility policy
nigeria's new credit program has bold objectives but concerns are stark
ukrwanda asylum plan set to commence in july
the first group of migrants is set to be relocated to rwanda in july this influx could have various implications for rwandans and the local economy particularly on local employment and the housing market
kenya unveils draft electronic mobility policy and offers incentives to stakeholders
data vault nigeria's foreign reserves have fallen by over usd 1 billion in april
what we are also following
nigeria nigeria pushes forward on ai through partnership
federal government plans to finalize national intellectual property policy
ethiopia eu restricts visas for ethiopians

Feel free to share your thoughts with us and If you need insight into any key legislation, please tell us.

this week's edition covers interesting policy developments in nigeria rwanda kenya and ethiopia highlights include nigeria's new credit program ukrwanda asylum kickoff and kenya's emobility policy

Feel free to share your thoughts with us. We would also be pleased if you would visit our website for the latest policy briefs, and policy documents (e.g. laws, regulations, standards, guidelines, circulars, etc.). If you need insight into any key legislation, please tell us.

nigeria's new credit program has bold objectives but concerns are stark

To fulfil one of his campaign promises, the Nigerian President has launched a consumer credit scheme and set up the Consumer Credit Corporation (“CrediCorp”) to manage the initiative. President Bola Ahmed Tinubu has also appointed the 36-year-old former Microsoft software engineer, Uzoma Nwagba, as CrediCorp’s pioneer Chief Executive Officer.

ukrwanda asylum plan set to commence in july

After months of judicial and legislative tussles, King Charles has assented to the UK parliament’s legislation to send illegal immigrants to Rwanda, paving the way for implementation. In November 2023, the United Kingdom Supreme Court found some sections of the initial law to be objectionable, but changes have now been made to address the identified shortcomings. Under the revised policy , asylum seekers will not be deported from Rwanda to an unsafe country.

the first group of migrants is set to be relocated to rwanda in july this influx could have various implications for rwandans and the local economy particularly on local employment and the housing market

Rwanda presently faces an unemployment rate of 15%, with youth unemployment reaching 20%. The arrival of more people into the country could exacerbate the existing challenge of job availability for young people and worsen the housing shortage in key areas.

kenya unveils draft electronic mobility policy and offers incentives to stakeholders

The Kenyan government has released its draft national e-Mobility policy, said to be in line with Kenya’s National Climate Change Action Plan (NCCAP) 2023–2027, the Long-Term Low Emission Development Strategy (LT-LEDS) 2022–2050, and the Updated Nationally Determined Contribution (NDC). It also introduced green number plates for electric vehicles (EVs).

data vault nigeria's foreign reserves have fallen by over usd 1 billion in april

Nigeria’s foreign exchange reserve declined from US$33.4 billion on April 3, 2024, to US$32.1 billion as of April 26, 2024. This decline can be partly attributed to several monetary actions taken by the Central Bank of Nigeria to address the depreciation of the Naira in the FX market such as FX swap transactions and debt repayment.

what we are also following

We’re also tracking some events in the news, and how they may affect the decisions of policymakers.

nigeria nigeria pushes forward on ai through partnership

Just a week after developing an initial draft of its National AI strategy, the Minister in charge of communications and innovation announced key partnership for initiatives aimed at accelerating the development of AI in Nigeria. These initiatives include Nigeria AI Collective, Nigeria’s Computing Infrastructure Pilot Nigerian Multilingual Large Language Model, and relaunch of National Centre for Artificial Intelligence and Robotics (NCAIR).

federal government plans to finalize national intellectual property policy

Last Friday, the Nigerian Copyright Commission disclosed the government’s plan to complete its national intellectual property (IP) policy and strategy. According to the agency, this policy will serve as a blueprint with the aim to create a contemporary and effective legal framework to unlock Nigeria’s creative and innovative potential.

ethiopia eu restricts visas for ethiopians

The European Union has announced that it will restrict visas for Ethiopian nationals due to the Ethiopian government’s failure to cooperate in repatriating citizens who stay in the EU illegally. The decision reflects the EU’s concerns about the increasing number of illegal immigrants entering the EU, with approximately 380,000 individuals arriving illegally last year, the highest since 2016.

Before you go…

What policy and insight do you seek?

Whether you are a government official, civil society organization, or researcher, our repository provides comprehensive access to public policies, regulations, and guidelines across Africa. We provide insights and intelligence on these regional policies and regulations for research, advocacy, policymaking, and investing.

Get in touch with us via email to: team@policyvault.africa