Corporate Council on Africa’s latest news


(Posted 08th June 2023)



Ethiopian Airlines looking at possible wide-body jet orders
Ethiopian Airlines is evaluating possible Airbus and Boeing wide-body plane orders and is expecting to make a decision by the end of the year, Chief Executive Mesfin Tasew said.The carrier is looking at Airbus A350s, Boeing 787s and 777xs, Tasew told Reuters on the sidelines of the IATA annual meeting in Istanbul…. Read more>>

Pfizer reports positive results for elranatamab in multple myeloma
PM Live
Pfizer has announced updated results from the MagnetisMM clinical development programme evaluating its investigational cancer immunotherapy, elranatamab, in multiple myeloma… Read more>>



Civil Society Engagement at Core of US-African Relations in Multipolar World – OpEd
Eurasia Review
United States has held its 8th annual civil society forum to review progress, examine challenges and renew interest in forging ways to strengthen relations with Africa. United States has the largest African diaspora which has close-knitted business, educational and cultural links with African countries. This helps to support official efforts in promoting relations with Africa…. Read more>>

NAMIBIA: Namibia signs $10 billion green energy deal with Germany’s hyphen
VOA News
Namibia’s president recently signed a projected $10 billion deal that calls for Namibia and the German company Hyphen Energy to produce “green hydrogen,” a clean energy source that advocates see as the fuel of the future. Hyphen Energy last Friday concluded a multibillion-dollar agreement with the Namibian government to construct the project in the Tsau Khaeb National Park. If a study finds the project to be feasible, Hyphen will build factories, pipelines and ports with the goal of producing 2 million tons of ammonia by 2030…. Read more>>

Power cuts suspended “until further notice”- Eskom
Power cuts, which have been almost a daily occurrence for months in South Africa and can last up to almost twelve hours on some days, have been suspended “until further notice”, state-owned utility Eskom announced on Saturday. “Load shedding was suspended today at 11:40 am (09:40 GMT) and until further notice, thanks to improved generation capacity and lower demand,” Eskom spokeswoman Daphne Mokwena told AFP…. Read more>>

Nigeria’s NNPC says it will end monopoly on petrol supplies
Nigeria’s state owned oil company NNPC will soon end its monopoly on petrol supplies, its chief executive told local television on Thursday, a day after it nearly tripled prices at its fuel stations countrywide. Newly inaugurated President Bola Tinubu pledged to remove fuel subsidies, a popular but costly benefit that has drained billions annually from government coffers. Mele Kyari told Arise TV that prices were expected to come down once new companies started supplying petrol, bringing more competition Read more>>

SOUTH AFRICA: Hammanskraal residents promised drinkable tap water by March 2024
Sabc News
Hammanskraal residents can expect drinkable water from their taps by at least March next year. The Department of Water and Sanitation and the City of Tshwane made the announcement at a joint briefing in Pretoria. While plans to fix the heavily contaminated Rooiwaal Water Treatment plant will take three years at a price tag of R4 billion, water entity Magalies Water will in the interim install a water treatment plant at its Klipdrift Water Treatment Works near Hammanskraal… Read more>>

Africa CDC head’s bizzare entanglement with Clinton initiative
It’s been an eventful few months for Dr. Jean Kaseya, a Congolese medical doctor who took office in April as the new director general of the Africa Centres for Disease Control and Prevention…. Read more>>

Zimbabwe Eases Dollar Curbs, Lifts Rates to Boost Local Currency
Zimbabwe liberalized its foreign-exchange market and raised interest rates, among a new raft of measures aimed at stabilizing the nation’s currency and reining in resurgent inflation… Read more>>

Ghana sends debt rework proposal to official creditors
Ghana has sent a debt restructuring proposal to its official creditors, two sources with direct knowledge of the matter said, as the West African country battles to escape its worst economic crisis in a generation… Read more>>

Zimbabwe aims to double power output by 2025 to meet mining demand
Zimbabwe’s state power utility Zesa aims to more than double national grid capacity by 2025 to respond to increased demand from the mining sector, its chief executive said on Thursday. The country has a generating capacity of 2,000MW but is only producing 1,400 MW due to regular breakdowns at its thermal power stations and water shortages at its main hydro plant…. Read more>>

Côte d’Ivoire’s mines risk degrading its fragile environment
Institute for Security Studies
Côte d’Ivoire’s expanding mining industry could serve the public interest but poses environmental threats to a country heavily dependent on agriculture and subsistence farming. The government aims to increase mining’s contribution to gross domestic product from 3% to 6%. Since revising its mining code in 2014, the focus has been on diversifying the gold-dominated sector…. Read more>>

Can African countries collaborate on an e-car?
Africa’s key auto hubs, South Africa and Morocco, have hinted at mega and giga factories in their electric cars bid to remain relevant and tap a fast-rising global market. Mineral-rich countries like the DRC, Zambia, and Mozambique are also eyeing the market with big intentions of becoming major suppliers of electric vehicle batteries. All these ambitious bids are largely country-based at the moment, with the exception of DRC and Zambia, which have launched a joint bid…. Read more>>Africa will be transformed by the potential of AI and data – if we can get investment
The Guardian
As we see the artificial intelligence furore sweep across continents, one thing is clear: Africans have a goldmine at our fingertips. A rapidly growing population of 1.4 billion people, 70% under the age of 30, combined with huge growth in AI investments, creates a potent recipe for Africa…Africa and the Middle East are set to see the fastest growth in AI spending worldwide, reaching $3bn (£2.4bn) this year and a predicted $6.4bn by 2026…. Read more>>



Nigeria central bank denies devaluing Naira as calls grow louder
Nigeria’s central bank dismissed a report that it had devalued the naira as traders raised bets for it to weaken by almost a third, days after President Bola Tinubu said his administration will seek to end the nation’s multiple-currency regime. The Central Bank of Nigeria said a media report claiming it had devalued the naira by 26% to 630 per dollar was inaccurate. The exchange rate is 465 naira per dollar and “has been stable around that rate for a while,” it said on Twitter…. Read more>>