Kenya’s Ruto wins with US trip & policies to expect in Nigeria

May 29, 2024 | The VaultNewsletter

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thanks for reading
ruto's us state visit wins investors for kenya
one year of tinubu's presidency in nigeria a snapshot of policy actions to expect
emergency economic bill to be presented to national assembly
federal transport ministry to establish national land transport policy
nigeria's tourism minister lola adejohn has set up a committee to review the national tourism and hospitality policy and the nigerian tourism development master plan both policy documents have not been reviewed since 2015
communications commission to review key guidelines on operators' interconnection
south africa amends work visa policy
commentary economic outlook and policy priorities for subsaharan africa
what we are also following
south africa south africa general election
kenya kenya plans to implement quality policy to enhance trade and market access
kenya kenya secures more funding for its universal electricity connectivity plan
nigeria federal government pushes for enforcement of registration of it practitioners
nigeria tinubu sets up a committee on climate action
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thanks for reading

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.

ruto's us state visit wins investors for kenya

Kenya President William Ruto was hosted by the White House last week in a ceremonious official US state visit, making him the first African president to receive such an honour in over 15 years.

one year of tinubu's presidency in nigeria a snapshot of policy actions to expect

As President Bola Ahmed Tinubu’s administration clocks one year in office, and the country comes to terms with significant policy actions implemented so far, we have devoted some time to review relevant activities of the ministries, departments and agencies of government, to bring you news of potential policy developments.

emergency economic bill to be presented to national assembly

According to Nigeria’s finance minister, Wale Edun, an Emergency Economic Bill will be sent to the National Assembly for consideration in due course.

federal transport ministry to establish national land transport policy

The Federal Minister of Transportation, Senator Said Alkali, confirmed in March 2024, that the Ministry of Transportation is finalising a draft National Land Transport Policy to be delivered to the federal cabinet (the Federal Executive Council) for consideration and adoption. Amongst its objectives, the policy is aimed at reducing congestion, improving connectivity in both urban and rural areas and fostering a sustainable and inclusive transport system.

nigeria's tourism minister lola adejohn has set up a committee to review the national tourism and hospitality policy and the nigerian tourism development master plan both policy documents have not been reviewed since 2015

The committee, which comprises representatives from some ministries, private sector experts and the Nigerian Economic Summit Group, has been tasked with review of the existing National Tourism and Hospitality Policy, “to ensure relevance in today’s dynamic landscape”. Further, it will “evaluate and update the Nigerian Tourism Development Master Plan to provide a strategic roadmap for sectoral growth and development”.

communications commission to review key guidelines on operators' interconnection

The Nigerian Communications Commission has disclosed plans to review three regulatory instruments. The affected instruments are the Telecommunications Networks Interconnection Regulations, the Guidelines on procedures for granting approvals to disconnect telecom operators and Guidelines for dispute resolution. The Executive Vice Chairman of the NCC informed the media that a review of the Interconnection Regulations is being conducted so that the instrument keeps pace with technological advancements, fosters competition, protects consumers’ interest, aligns with international standards and improves regulatory efficiency in the industry.

south africa amends work visa policy

South Africa’s Department of Home Affairs has published new regulations on remote work Visas. The new visa is aimed at attracting highly skilled workers to visit South Africa and boost the country’s tourism sector and increase collaboration with local talent, especially in the tech sector.

commentary economic outlook and policy priorities for subsaharan africa

After four years of economic instability, sub-Saharan Africa’s outlook is beginning to show improvement. Inflation has dropped by almost half, public debt ratios have stabilized, and several countries have re-entered the international bond market by issuing Eurobonds. The region’s growth rate is projected to increase from 3.4% in 2023 to 3.8% in 2024, with expectations of reaching 4.0% by 2025, based on the latest IMF projections .

what we are also following

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

south africa south africa general election

South Africans are voting today in what promises to be the closest election since the end of apartheid. The main candidates are incumbent Cyril Ramaphosa of the ANC, John Steenhuisen of the DA, and Julius Malema of the EFF. Pre-election polls suggest that the ANC, which has won the majority in all post-apartheid elections, will fail to secure a majority this time. If this happens, South Africa could be headed for its first coalition government since 1994.

kenya kenya plans to implement quality policy to enhance trade and market access

Kenya has introduced a Quality Policy aimed at enhancing the competitiveness of local enterprises in international markets through sustainable quality improvement practices. The policy emphasizes the importance of reliable measurements and standardization to support fair trade, high-quality products, and technological innovations.

kenya kenya secures more funding for its universal electricity connectivity plan

The Kenyan government has secured KSh27 billion to connect 280,000 households to electricity under the Last Mile Connectivity Project, aiming for universal electricity access by 2030. On Monday, President William Ruto announced that the project will also facilitate universal Internet access by integrating fibre optic cables with power lines. Funded by the European Union, French Development Agency, and European Investment Bank, this initiative complements another KSh22 billion project with the African Development Bank and Saudi Arabia to connect an additional 270,000 customers.

nigeria federal government pushes for enforcement of registration of it practitioners

In response to concerns about the practice of some information technology practitioners in the country, Nigeria’s Minister of State for Education, Yusuf Sununu, has asked the Computer Professionals Registration Council of Nigeria, to enforce the requirement for registration, so that only qualified practitioners can practice in the field.

nigeria tinubu sets up a committee on climate action

Last week, President Bola Tinubu set up a Presidential Committee on Climate Action and Green Economic Solutions. The committee’s mandate includes coordinating climate policies and programs, developing non-oil and non-gas initiatives, and ensuring the activities of federal government institutions align with climate and green economic objectives.

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