Corporate Council on Africa News Updates

(Posted 09th March 2022)

CCA MEMBERS IN THE NEWS

Washington sends 840,000 Covid-19 vaccines to Uganda
The East African
The United States is shipping 840,000 doses of Johnson & Johnson’s Covid-19 vaccine to Uganda Tuesday through an international initiative for humanitarian crises, a White House official said… Read more>>

Next Africa: Namibia’s Oil Elephants May Have Arrived Too Late
Bloomberg
Oil discoveries made by TotalEnergies and Shell off the arid coastline of Namibia could be among the biggest in Africa… Read more>>
U.S.-AFRICA RELATIONS

As Hershey Raises Prices, Ivory Coast Cocoa Farmers Grapple with Climate Change
VOA News

Chocolate makers are expected to raise prices this year due to higher costs of cocoa from exporters like Ivory Coast, the world’s largest cocoa producer… Read more>>

AGRIBUSINESS
Nigeria’s need for wheat is rising – and so is the price
Quartz Africa

Nigeria’s dependence on foreign imports to satisfy growing wheat consumption might face its biggest challenge yet due to Russia’s war with Ukraine…. Read more>>

Ukraine crisis jeopardizes Middle East’s Black Sea wheat supply
Reuters

Wheat importers face a threat to delivering politically sensitive bread supplies across the Middle East and North Africa (MENA) after Russia’s invasion of Ukraine closed off access to the lower priced Black Sea grain they depend on…. Read more>>

Over a million livestock lost in drought in eastern Ethiopia
Anadolu Agency

The decomposing remains of livestock that dot vast stretches of land bear witness to the extent of drought in Ethiopia’s easternmost province… Read more>>

ENERGY
Nigeria’s fuel crisis: Why smaller, more flexible refineries aren’t the full answer
Nation

Nigeria’s growing population of over 200 million people is facing an ever-growing fuel crisis despite its vast oil reserves… Read more>>

High fuel prices from war in Ukraine may hurt the DRC, IMF warns
Times Live

Higher commodity costs linked to Russia’s invasion of Ukraine risk slowing down the Democratic Republic of the Congo’s (DRC) economic recovery from the coronavirus pandemic, the International Monetary Fund warned… Read more>>

Norway, U.K. Invest $39 Million in South Africa Renewable Energy
BNN Bloomberg
Norway and the U.K. will spend 600 million rand ($39 million) developing renewable-energy projects in South Africa to help fund the nation’s transition from coal-fired power generation to clean fuels… Read more>>


HEALTH
WHO Africa’s 1st Woman Leader Helps Continent Fight Covid
Associated Press
People stand when Dr. Matshidiso Moeti enters a room at the World Health Organization’s Africa headquarters in Republic of Congo. Small in stature, big in presence, Moeti is the first woman to lead WHO’s regional Africa office, the capstone of her trailblazing career in which she has overcome discrimination in apartheid South Africa to become one of the world’s top health administrators… Read more>>

South Africa’s Aspen signs deal to package and sell J&J Covid Vaccine
Reuters
South African drugmaker Aspen Pharmacare on Tuesday concluded an agreement with Johnson & Johnson to package, sell and distribute the American group’s COVID-19 vaccines under its own brand in Africa… Read more>>

Antibiotic resistance in Africa: ‘a pandemic that is already here’
Financial Times
In 2016, doctors in Gambia became alarmed about two apparently different outbreaks of hospital-acquired bacterial infection in a neonatal ward in Banjul…. Read more>>

Zimbabwe clinics struggle for nurses after exodus to the UK
BBC
Health clinics in Zimbabwe are facing a crisis as increasing numbers of nurses leave the country in search of better prospects… Read more>>


INFRASTRUCTURE
Intra-Africa trade in need of more investment to move cargo
The East African

Lack of infrastructure is a bigger hurdle to trade within Africa than uncertain non-tariff barriers, eating up close to 40 percent of logistics expenses and affecting free movement of goods, officials have warned… Read more>> 

IMF board approves $67.5 million Madagascar disbursement after loan program review
Reuters

The International Monetary Fund said on Monday its Executive Board approved a $67.5 million disbursement to Madagascar after completing an initial review of the island country’s economic program under a $312 million loan granted last year… Read more>>

ICT
Nigerian cross-border technology company Klasha partners with Squarespace and Weebly to help international businesses accepts payments from Africa
Business Insider Africa

International retailers and merchants outside of Africa who use these e-commerce platforms can now accept payments online from customers across Africa in local African currencies… Read more>>

TOURISM
Kenya Airways sees Russia’s invasion inflating air ticket costs
Times Live

Kenya Airways Plc said Russia’s invasion of Ukraine will result in airlines increasing ticket prices after crude oil surged, while uncertainty may reduce demand for travel… Read more>> 

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