Corporate Council on Africa’s latest news updates

(Posted 28th April 2022)

U.S.-AFRICA RELATIONS
Biden sends Gonzales as US Ambassador to Zambia
The Lusakatimes
US President Joe Biden has nominated Michael Gonzales as Ambassador Extraordinary and Plenipotentiary to the Republic of Zambia. Mr. Gonzales is a career member of the Senior Foreign Service, Class of Minister-Counselor… Read more>>

AGRIBUSINESS
Africa must prepare for the inevitability of global food crisis, says Akinwumi Adesina
The Cable
Akinwumi Adesina, president of the African Development Bank (AfDB), says Africa must prepare for the inevitability of a global food crisis occasioned by the Russia-Ukraine war… Read more>>

Ethiopia’s Combined Drought and Conflict to Be ‘Catastrophic’
VOA News
The Horn of Africa is suffering a historic drought that the U.N. says could result in starvation for as many as 20 million people. In Ethiopia, more than seven million people are already short of something to eat, suffering compounded by the war in the north… Read more>>

Grain shortfall from Ukraine war exacerbates food insecurity in Africa
RFI
In an effort to cover wheat shortages following Russia’s invasion of Ukraine, African countries are looking to other sources or trying to use local-based alternatives in order to provide bread each day. However, this is also causing a spike in food prices… Read more>>

ENERGY
South Africa’s Eskom Intensifies Power Cuts
Barron’s
South Africa’s power utility Eskom implemented serve power cuts Tuesday after several generation units failed, the latest in a decade-and-half of blackouts that have stymied economic growth… Read more>>

Wealth Fund for $96 Billion Mozambique Gas Haul Seen This Year
BNN Bloomberg
Mozambique plans to establish a sovereign wealth fund later this year as it prepares to start natural gas exports that the government says may generate $96 billion of revenue for the world’s third poorest nation… Read more>>

HEALTH
New Ebola outbreak declared in DRC after single case confirmed
CNN
Health authorities in the Democratic Republic of Congo (DRC) declared a new Ebola outbreak on Friday after a case was confirmed in the city of Mbandaka, in the northwestern Equateur Province, the World Health Organization (WHO) said in a statement Saturday… Read more>>

South Africa Covid Cases At Highest Level in Months
Barron’s 
South Africa is witnessing a “worrying” spike in coronavirus cases after a relative lull in new infections, the official date showed Friday. Daily official updates released by the National Institute for Communicable Diseases (NICD) on Friday showed 4,631 infections had been detected in the past 24 hours… Read more>>

INFRASTRUCTURE
China wants to build a high-speed rail network linking Johannesburg and Durban
IOL
China is reportedly in talks with South African authorities regarding the construction of a high-speed rail linking two of the country’s economic hubs – Johannesburg and Durban. According to a report by Business Insider, the plan to build the rail network has been in the works for more than a decade… Read more>>

ICT
Sun King raises $260M to widen clean energy access in Africa, Asia
Tech Crunch
One of the largest solar companies in Africa and Asia, Sun King, has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents… Read more>>

TOURISM
7 most visited African countries by international tourists, according to the latest available stats
Business Insider Africa
Tourism is quite the revenue driver for many African countries. However, the sector has taken a major hit over the past two years, no thanks to the Coronavirus pandemic… Read more>>

America leads a tourism comeback in Africa
Travel Weekly
With new flights on the horizon, an overhaul of traditional seasonality and improved traveler confidence, the future for Africa’s travel and tourism industry is looking up… Read more>>

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