Corporate Council on Africa’s latest news

(Posted 14th September 2022)

CCA MEMBERS IN THE NEWS
Pfizer’s African Partner Produces First Doses of Covid Shots
Bloomberg
The Biovac Institute, a partly state-owned vaccine producer in South Africa, has produced its first batch of Covid-19 vaccines as part of an arrangement under which it aims to fill and package as many as 100 million doses a year of Pfizer Inc. and BioNtech SE’s inoculation… Read more>>

Trimble Acquires B2W Software Amid Digitalization Push
MarketWatch
Trimble Inc. said Wednesday that it has acquired B2W Software for an undisclosed price to meet rising demand for digitization in the construction industry. The industrial technology company said B2W Software is a leading provider of estimating and operations products for the heavy civil-construction industry, whose suite of pre-construction and operations capabilities will help Trimble expand its civil infrastructure portfolio… Read more>>

U.S.-AFRICA RELATIONS
President Biden Announces Presidential Delegation to the Republic of Kenya to Attend the Inauguration of His Excellency William Samoei Arap Ruto
The White House
US climate envoy John Kerry said Wednesday he hoped the COP27 climate conference would provide energy “to change the world”, as he and officials from 24 African nations held a preparatory meeting in Egypt…. Read more>>

Kerry Meets African Leaders in Egypt for Climate Talks Ahead of COP27
Barron’s
US climate envoy John Kerry said Wednesday he hoped the COP27 climate conference would provide energy “to change the world”, as he and officials from 24 African nations held a preparatory meeting in Egypt…. Read more>>

America’s great strength: The African diaspora
The Africa Report
More than 100 Nigerian-Americans and their supporters descended on Washington’s luxury Mandarin Oriental Hotel this April to celebrate the record number of diaspora Africans in the Joe Biden administration… 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>>

Famine Threatens East Africa as Drought Persists
The Wall Street Journal
East Africans grappling with the devastating effects of four straight failed rainy seasons are confronting the likelihood that the next rains will also come up short, deepening a hunger emergency that could tip into famine in some areas within weeks…. Read more>>

Nigeria to Improve Wheat Production with Local Modified Seeds
Bloomberg
Nigeria, Africa’s largest buyer of wheat, is partnering with food company Olam International Ltd.  to develop seed varieties of the grain that are suitable for its climate, which will boost local output and cut dependence on imports…. Read more>>

ENERGY
Nigeria lost an estimated $10 billion to large-scale crude theft in seven months
Premium Times Nigeria
Between January and July, Nigeria, Africa’s biggest oil producer, lost an average of 437,000 barrels of oil a day to criminals… Read more>>

Central African nations eye pipelines and hubs to end energy poverty
Reuters
Central African countries signed a deal on Thursday to create a regional oil and gas pipeline network and hub infrastructures which backers say will strengthen energy supply and reduce dependence on imports of refined products… Read more>>

Angola Tops Nigeria as Africa’s Biggest Oil Producer in AugustBloomberg
Nigeria lost its crown as Africa’s largest crude producer as Angola surpassed the country for the first time in more than five years… Read more>>

HEALTH
WHO Launches Drive to Fight Bacterial Meningitis in Africa
AP
The World Health Organization on Thursday Sept. 8, 2022 said it is launching a $1.5 billion campaign, hopefully including a new vaccine, to eliminate outbreaks of bacterial meningitis across Africa by 2030. In “a race against time,” WHO regional director for Africa Matshidiso Moeti said that “a next generation” vaccine against meningitis will be rolled out in 26 African countries most affected by the disease… Read more>>

Monkeypox: Nigeria’s Death Toll Highest in Africa WHOChannels TV
Nigeria has the highest death toll and confirmed cases of monkeypox in Africa, the World Health Organisation said… Read more>>



INFRASTRUCTURE
Gold remains Sudan’s largest export commodity
Dabanga
The CBoS trade report indicated that Sudan saw its trade deficit lessen from last year’s $4.7 billion deficit to this current year’s deficit of $1.5 billion. The trade deficit reflects Sudan’s import commodities exceeding its exports… Read more>>

Growth Markets Special: Capitalizing on Africa’s Urban Growth
Infrastructure Investor
The global average degree of urbanization stands at 56%, according to Statista. However, several countries on the African continent boast rates well above that, such as Gabon and Libya – where 90% and 81% live in cities, respectively – or South Africa, which has an urban population of 67%…. Read more>>


ICT
African Fintech is Evolving Rapidly
Mail & Guardian
Over the next three years, Africa’s fintech industry is projected to hit record-breaking revenues for startups in the financial sector and herald a new growth phase characterized by more advanced financial services… Read more>>

GovTech 2022 Brings Africa’s ICT Ministers and Experts to Tackle Digital Transformation on the Continent
CNBC Africa
The 2022 Government Technology (GovTech) conference will see representatives and ministers from various countries in Africa converge in South Africa to share their vision, knowledge, experience and expertise on digitalization, and other topics critical for the acceleration of digital transformation and service delivery in Africa… Read more>>


TOURISM
Tourism and Investor Inflows in Africa
Capital News
In the next ten years, the total investments in the tourism sector will grow at an average rate of 4.1 percent…. Read more>>

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