Corporate Council on Africa News Update

(Posted 11th May 2022)

U.S.-AFRICA RELATIONS
‘Diplomacy not about just one visit’ – US Deputy Secretary of State’s pledge to engage more with Africa
News 24
From meeting business leaders and entrepreneurs in South Africa, and launching the Global Vaccination initiative in partnership with the Angolan government, to discussing climate change, Gabon, US deputy Secretary of State, Wendy Sherman, ended her inaugural African tour on Friday… Read more>>

US Firm Africell Gains 2 Mn Angolan Subscribers in a Month
Barron’s
US-owned mobile network operator Africell, the first wholly foreign-owned operator licensed to provide mobile services in Angola, has acquired two million subscribers in just a month… Read more>>

AGRIBUSINESS
As Wheat Prices Soar, Africa Pivots to Cheaper Alternatives
BNN Bloomberg
Global wheat prices are so high that African consumers are starting to ditch the grain from their diet… Read more>>

Ivory Coast aims to raise $1.5 billion to restore forests, land 
Reuters
Ivory Coast aims to raise $1.5 billion for a five-year land restoration programme to bring back forest and increase food production, President Alassanne Outtara said on Monday at the start of a United Nations conference on desertification … Read more>>

ENERGY
South Africa energy fund to provide emergency jet fuel for Jobury airport-operator
Reuters
South Africa’s state-controlled Central Energy Fund is working on providing an additional 1.5 million litres of jet fuel for Johannesburg’s OP Tambo International Airport in the event of further supply shortages, the head of the airport operator said on Monday… Read more>>

The promise of African clean hydrogen exports: Potentials and pitfalls
Brookings
Abundant energy resources in many parts of Africa position the continent as a potential location for the production and export of climate-friendly hydrogen, based either on renewable electricity (green hydrogen) or natural gas in combination with carbon capture and storage technologies (blue hydrogen)… Read more>>

HEALTH
Two new Omicron sub-variants driving an increase in Covid cases in South Africa
The Independent
The World Health Organisation (WHO) has flagged two new Omicron sub-variants that are responsible for an increase in the number of Covid cases in South Africa… Read more>>

Africa CDC urges COVID-19 vaccine buyers to order from South Africa’s Aspen
Reuters
Africa’s top public health body urged all those purchasing COVID-19 vaccines for the continent to place orders with South Africa’s Aspen Pharmacare… Read more>>

Third case of Ebola detected in northwestern DRC
CNN
Health authorities in the Democratic Republic of Congo (DRC) have identified a third case of Ebola in the city of Mbandaka, the World Health Organization said Thursday… Read more>>


INFRASTRUCTURE
HhIE Launches 2022 Ghana Infrastructure Report Scorecard
All Africa
The Ghana Institution of Engineering (GhIE) has launched the 2022/23 Ghana Infrastructure Report Score Card in Accra under the theme “Building for Ever, Building to Last.”… Read more>>

Ethiopia, South Sudan Look to Materialize Road Infrastructure Agreements
Energy, Capital and Power
South Sudan and Ethiopia are looking at boosting interconnectivity and economic ties through the construction of road infrastructure to link the two east African countries… Read more>>

ICT
Africa accounts for 70% of the world’s $1 trillion mobile money market
Quartz Africa
Africa now accounts for 70% of the world’s $1 trillion mobile money value. The value of Africa’s mobile money transactions edged up 39% to $701.4 billion in 2021 from $495 billion in 2020, highlighting the future of African banking is mobile… Read more>>

IMF board approves $456 million program for Mozambique
Reuters
The International Monetary Fund’s executive board on Monday approved a three-year, $456 million extended credit facility arrangement for Mozambique, with about $91 million available for immediate disbursement, the Fund said… Read more>>

Central African banks scold the CAR for Bitcoin adoption
Cointelegraph
The governor of the Bank of Central African States, or Banque des Étas de l’Afrique Centrale (BEAC), has issued a scathing letter to the Central African Republic (CAR) regarding the country’s adoption of cryptocurrencies… Read more>>

TOURISM
Nigerian airlines suspend plans to ground local flights over cost of jet fuel
Reuters
Nigerian airlines have suspended plans to ground all local flights due to the soaring cost of jet fuel just hours before the move was due to take effect, the airline operations association said on Sunday… Read more>>

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