The Pan-African Economy in Brief: Wednesday, March 25, 2020
The entrance examination for the African School of Architecture and Urban Planning is open until April 17:
For the academic year 2020-2021, it is announced a competitive entrance exam to the African School of Architecture and Urban Planning (EAMAU) based in the Togolese capital. This competition, open until 17 April, will select students who will integrate the three options of university education offered by this regional institution. These are architecture, urban planning and urban management. At its 43rd edition, this competition, which is open to Togolese without age limit, targets more particularly holders of the baccalaureate II part (BAC II) all series, says the press release from the Ministry of Higher Education and Research.
Covid-19: Kenya continues work on the LAPSSET corridor but now confines staff on site:
Work on the LAPSSET Corridor (Lamu Port, South Sudan, Ethiopia Transport Corridor) underway in Kenya continues. However, as part of the measures to limit the spread of covid-19, the government has ordered the confinement of all workers affected on this site. It is now a matter of the labourers working there to reside on the site. Camp Lapilet in Kililana, which serves as the operational base for this work site, has more than 1,000 temporary workers. Most of them, from different parts of the county, were used to reporting for work in the morning and returning home in the evening.
Economic GDP growth reached 9.4% in 2019 (NISR):
According to the latest report of the National Institute of Statistics of Rwanda (NISR), published on Monday, March 23, 2020, the country's economic growth reached 9.4% in 2019, bringing the GDP to 9105 billion Rwandan francs (about $9.6 billion). According to the NISR, this increase in the economic growth of the GDP was mainly driven by sectors such as agriculture, industry and services which accounted for 24%, 18% and 49% respectively.
Tullow terminates its drilling vessel lease agreement with Maersk Drilling:
Since the beginning of the deterioration in oil market conditions, service companies and oil-related businesses have been the most affected. On Tuesday, Tullow Oil's Ghanaian subsidiary announced that it had issued a notice to Maersk Drilling to terminate its lease agreement for the Maersk Venturer platform "for convenience". The deepwater drilling vessel had already been operating for the UK producer since February 2018 with an expected contract end in February 2022. It was carrying out exploration work on behalf of Tullow as part of the Jubilee and TEN development plans. The contract is now scheduled to end in June 2020.
In Mali, renewable energy equipment is exempt:
In Mali, only the Community Solidarity Levy (PCS) and the Statistical Levy will henceforth be paid on renewable energy equipment. The draft ordinance adopted on March 18 by the Council of Ministers exempts such equipment from VAT and duties and taxes payable at the customs cordon. "The exemption of this equipment will notably allow the improvement of the energy mix, the continuation of investments in solar energy and the respect of the commitments undertaken by the Government in terms of reduction of greenhouse gas emissions, promotion of clean energy and environmental protection," Bamako stressed.