Corporate Council on Africa’s latest news

(Posted 31st August 2022)

CCA MEMBERS IN THE NEWS
Shell, Exxon, Others to End Billion Dollar Nigerian Lawsuits
Bloomberg
Shell Plc, ExxonMobil Corp., Chevron Corp. and Equinor ASA plan to withdraw multibillion-dollar lawsuits against Nigeria’s state energy company after finalizing new terms for deep-water oil production in Africa’s largest crude producer…. Read more>>

Dangote Oil Refinery to help solve fuel shortage in Nigeria
The East African
An oil refinery being put up by Nigerian billionaire Aliko Dangote may be the perfect rescue for Africa’s largest petroleum producer that has struggled to provide ready products to motorists… Read more>>

U.S.-AFRICA RELATIONS
South Sudan makes plea to US. delegation over sanctions
The City Review
South Sudan has asked the United States to lift the sanctions and the arms embargo imposed on the country. The request came up during a meeting between the government officials and a US delegation in Juba on Saturday. It was aimed at mending the ties between the two countries… Read more>>

US Ambassador arrives to post in Sudan following 25-year freeze
Aljazeera
The first US ambassador to Sudan in 25 years arrived in the country on Wednesday in the latest sign of improved relations between the two nations after the United States removed Sudan from its list of state sponsors of terrorism… Read more>>

AGRIBUSINESS
Flooding devastates rural areas south of Sudan’s capital
Reuters
After annual rains that have left dozens dead in Sudan, thousands of people in the farming town of Al Managil and surrounding villages have lost homes and property in what they say is the worst flooding in a decade… Read more>>

Horn of Africa drought could go on for 5th season: UN weather body
Aljazeera
The World Meteorological Organization (WMO) has said that forecasts for October-December show high chances of drier-than-average conditions in the Horn of Africa as the worst drought in more than 40 years looks almost certain to persist… Read more>>

Niger Tries Artificial Rainmaking To Ease Drought
Barron’s
Niger has deployed rainmaking planes in a bid to alleviate a drought that has sparked fears of a food crisis in the desert nation, weather authorities said Thursday. “We had to do something about this drought,” said Katiellou Gaptia Lawan, head of the national meteorology institute… Read more>>

ENERGY
Nigeria Seeks $10 Billion to Fund its Energy Transition PlansBloomberg
Nigeria aims to raise an initial $10 billion in funding to implement its energy transition plan ahead of COP27 climate talks later this year, the country’s vice president said…. Read more>>

Why Ghana Went From Hero to Zero for Investors
Bloomberg
Ghana is learning the hard way why oil can be a blessing and a curse. The onset of commercial crude production helped turn the West African nation into one of the continent’s hottest investment destinations, but also prompted successive governments to borrow to the hilt… Read more>>

Five things to know for Africa Climate Week
Aljazeera
The United Nations’ Africa Climate Week begins on Monday in Libreville, Gabon, with more than 1,000 participants expected to tackle the climate emergency as it intensifies throughout the continent… Read more>>

HEALTH
WHO: Monkeypox Cases Drop 21%, Reversing Month-Long Increase
AP
The Africa Centers for Disease Control and Prevention said Thursday the continent had 219 new cases in the past week, a jump of 54%. Most were in Nigeria and Congo… Read more>>

HIV high in Ghana: 23,495 positive cases in six months – officialAfrica News
A total of 23,495 people in Ghana tested positive for HIV in the first half of this year (January to June)… Read more>>

WHO approves Africa’s first locally – made malaria drug for pregnant women and children
Quartz Africa
Vaccine nationalism during the covid-19 pandemic resulted in advocacy for local vaccine manufacturing in Africa. Malaria—one of the leading causes of death among young children in Africais one disease that stands to benefit from advocacy efforts… Read more>>


INFRASTRUCTURE
Rockefeller Foundation taps satellites and AI to guide green infrastructure in Africa
ImpactAlpha
The Rockefeller Foundation is backing a digital platform to aid policymakers in understanding how and where resilient infrastructure could mitigate climate shocks and promote economic development… Read more>>

Africa received record private investment in infrastructure in 2020, African Development Bank VP tells TICAD panel
African Development Bank Group
Africa received its highest proportion of private sector investment in infrastructure in 2020, sending an important signal to governments and investors. African Development Bank Vice President for the Private Sector, Infrastructure and Industrialization, Solomon Quaynor, underlined this point during a webinar organized by the African Development Bank and the Japan International Cooperation Agency (JICA) on 24 August. The online event was held in the run-up to the eighth Tokyo International Conference on African Development, or TICAD, which takes place in Tunisia 27-28 August 2022… Read more>>


ICT
Can digital technology education improve gender equality in ICT careers in Kenya? 
Brookings
Around 10 years ago, multimillion-dollar information communication technology (ICT) companies like Lyft, Pinterest, Slack, and Uber were nonexistent. Today, certain aspects within the industry have not kept pace with their same rapid evolutionary processes as the rest of the sector—gender equality disparity chief among them… Read more>>

Ghana: Communication Ministry Launches AfCFTA Hub to Enhance Digital Trading
All Africa
The Ministry of Communications and Digitalisation has launched the African Continental Free Trade Agreement, (AfCFTA) Hub to promote, enhance and advance digital trading, electronic commerce, marketplace and general services in Ghana… Read more>>


TOURISM
Lesotho Tourism Development Corporation Honours Women in Tourism
African Business
As part of the Africa Women’s Month Celebration, Lesotho Tourism Development Corporation (LTDC) honoured and celebrated women in tourism… Read more>>

Guinea to revamp two-star Labe tourism hotel
North Africa Post
The Guinean tourism ministry has signed a deal with SAB-TRANSIT SAU to refurbish and expand state-owned two-star tourism hotel Labe located in Labe, the capital of “Moyenne Guinee”, as part of the West african country’s efforts to revamp tourism potential, local reports say… Read more>>

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