Corporate Council on Africa News Updates

(Posted 04th August 2022)

CCA IN THE NEWS


U.S. Chamber and Corporate Council on Africa Partnering to Support Africa Business Forum as Part of Biden-Harris Administration’s Upcoming U.S.-Africa Leaders’ Summit


U.S. Chamber of Commerce


The U.S. Chamber of Commerce’s U.S.-Africa Business Center and the Corporate Council on Africa (CCA) applaud the Biden-Harris Administration’s commitment to host the U.S.-Africa Leaders’ Summit and Business Forum on December 13-15, 2022 in Washington, D.C… Read more>>

U.S.-AFRICA RELATIONS
U.S. to relaunch Leaders’ Summit to compete with China & Russia in Africa
The Africa Report
President Barack Obama hosted the first US-Africa Leaders’ Summit in August 2014 with the stated intent to “help launch a new chapter in US-African relations.”… Read more>>

Secretary Blinken’s Travel to Cambodia, the Philippines, South Africa, the Democratic Republic of the Congo, and Rwanda
U.S. Department of State
Secretary of State Antony J. Blinken will travel to Cambodia, the Philippines, South Africa, the Democratic Republic of the Congo, and Rwanda August 2-12, 2022…. Read more>>

U.S. Gives Ethiopia $488 Million in Drought Aid as Lavrov Visits
Bloomberg
The US announced $488 million in humanitarian assistance for Ethiopia to help the nation respond to a prolonged drought that’s threatening the survival of 8.1 million people…. Read more>>

U.S. to Dispatch Blinken to calm tensions
The Africa Report
US Secretary of State Antony Blinken is expected to visit the Democratic Republic of Congo (DRC) and Rwanda next month to try to tamp down escalating tensions between the two countries, The Africa Report has learned. On the agenda: the M23 rebellion, elections, and mining contracts…. Read more>>

To fight hunger, US envoy’s visit to Ethiopia must emphasize peace and accountability
Nation
The first visit to Ethiopia by the new US special envoy for the Horn of Africa this week is a significant opportunity to support peace and ensure an end to using food as a weapon of war… Read more>>

Vaccine partnership with U.S. government boosts prospects for SA production
Daily Maverick
Earlier this month Cape Town-based vaccine company Afrigen announced a formal collaboration with the United States National Institute of Allergy and Infectious Diseases’ Vaccine Research Centre. Catherine Tomlinson unpacks what this deal may mean for local production of vaccines for Covid-19 and other diseases… Read more>>

U.S. to announce $223 million in food aid to South Sudan
Sudan Post
The US embassy said it will organize a press conference on Wednesday “to announce supplemental funding of $223 million to the World Food Programme (WFP) for food assistance to the people of South Sudan”…. Read more>>

AGRIBUSINESS
WFP welcomes World Bank’s $100m for hunger fight in Sudan
Sudan Tribune
The United Nations World Food Programme (WFP) has welcomed a $100 million contribution from the World Bank to implement its newly launched emergency safety nets – project in Sudan…. Read more>>

ENERGY
S. Africa Unshackles Private Sector in Bid to End Blackouts
Bloomberg
South African President Cyril Ramaphosa turned to the private sector in a bid to end a 14-year-old power crisis that the government has failed to resolve…. Read more>>

Climate Change Killing Elephants, Says Kenya
BBC News
Kenya’s Wildlife and Tourism ministry says that climate change is now a bigger threat to elephant conservation than poaching…. Read more>>

Coal industry is ‘delusional,’ South Africa climate change says
Reuters
The executive director of South Africa’s Presidential Commission on Climate Change called the country’s coal industry “delusional” on Wednesday, saying the market for the fossil fuel is going to dwindle rapidly in the next decade….. Read more>>

HEALTH
Africa’s alone in monkeypox deaths but has no vaccine doses
The Washington Post
Africa still does not have a single dose of the monkeypox vaccine even though it’s the only continent to have documented deaths from the disease that’s newly declared a global emergency its public health agency announced Thursday…. Read more>>

Botswana Hits ‘Historic’ UN Goal Against HIC: Report
Barron’s
Botswana has become the second nation in the world, after Eswatini, to reach a landmark UN goal towards eradicating AIDS, researchers said Wednesday, in what health experts hailed as “stellar results”….. Read more>>



INFRASTRUCTURE
IMF says Debt Plan Should Unblock $1.3 Billion for Zambia
Barron’s
The International Monetary Fund said Saturday that an agreement by Zambia’s creditors to restructure the African country’s crushing debt load has helped clear the way for the release of $1.3 billion in IMF-support funds…. Read more>>

Gates-backed thinktank seeks $50 billion for Africa debt plan
Sunday Times
A Bill & Melinda Gates Foundation-backed think tank is seeking $50 billion in backing to help African nations with distressed debt to re-enter capital markets and to protect against future defaults…. Read more>>


ICT
African Bitcoin Adopter’s Cryptocurrency Sale Falls Flat
The Bloomberg
Sales of the national cryptocurrency of Africa’s first Bitcoin adopter got a lukewarm response this week, as the controversial project got off to a slow start…. Read more>>


TOURISM
Safaris get a makeover at a critical moment for Africa’s recovering tourism industry
Fortune
With its cascades of fuchsia bougainvillea blossoms and soaring candelabra trees, it’s easy to see the beauty of Segera, a luxe safari eco-retreat nestled in the heart of Kenya’s vast Laikipia Plateau. But grasping the full extent of the property’s scale—some 50,000 acres of richly varied equatorial wilderness, alive with countless rare species—takes a bit more effort…. Read more>>

Cape Town to host 8th Africa Fintech Summit
Breaking Travel News
In November 2022, leading innovators, investors, and policymakers from around the world will gather in Cape Town, South Africa, for the 8th edition of the Africa Fintech Summit (AFTS). The summit will take place on 02-04 November 2022 at the Cape Town International Convention Centre (CTICC)…. Read more>>

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