(Posted 10th August 2023)
CCA MEMBERS IN THE NEWS
Flutterwave expands cross-border payments to US, Canada
Payments Dive
The company, which was founded in 2016, is headquartered in San Francisco, but runs its operations out of Lagos, Nigeria, according to the news outlet Forbes. It is one of the world’s fastest-growing payment companies, according to Business Insider Africa. As of March of this year, it had processed 100 million payments totaling nearly $20 billion across some 33 African countries… Read More>>>
Standard Bank lifts almost 5% as it flags profit growth of over a third
News24
Shares in Africa’s largest bank by assets, Standard Bank, lifted more than 4% on Friday morning, when it flagged profit growth of more than a third in its half-year to end-June, when it benefitted from a sharp rise in interest rates and growth in its client base…Read More>>>
Nigeria, Botswana Open Talks On Investment Opportunities
VON
In a meeting with Botswana’s President, Mokgweetsi Masisi, which also had in attendance the Chairman of Axxess and Cavista Holdings, John Olajide, the former Governor tweeted that they discussed areas of investments in different sectors… Read More>>
Zawya
Kenya Airways PLC (KQ) and Delta Air Lines (DL) are announcing an expansion of their strategic partnership with inclusion of Kenya Airways’ nonstop Nairobi to New York operated service, effective 5th August 2023. KQ currently operates a daily service connecting Nairobi to New York, it is the only nonstop flight from East Africa to America… Read More>>>Secretary Antony J. Blinken After the UN Security Council Open Debate on Famine and Conflict-Induced Global Food Insecurity
U.S. Department of State
“Well, good afternoon, everyone. We’re here today and using our presidency of the Security Council this month to focus in on the rising challenge of global food insecurity. We’ve seen an almost perfect storm emerge in recent years, a combination of climate change, of COVID, and now particularly of conflict that is driving this food insecurity…” Read More>>>
ENERGY
Solar Quarter
Victoria Nuland, the US Under Secretary of State for Political Affairs, has expressed admiration for the robust collaboration between South Africa and the United States. This partnership is expected to lead to a substantial investment of $1 billion by the US in South Africa’s energy transition in the upcoming years…Read More>>>
Floating Solar Panels at The Equator Could Provide Virtually Unlimited Energy
Science Alert
Vast arrays of solar panels floating on calm seas near the Equator could provide effectively unlimited solar energy to densely populated countries in Southeast Asia and West Africa…Read More>>>
The Importance of Women in Africa’s Energy Sector
Energy Portal
Women represent half of the African population and play a crucial role in the success of the energy sector. However, their perspectives and experiences are often undervalued and underrepresented due to gender inequality in many African countries. Despite their contributions, women hold limited leadership positions in the industry…Read More>>>
HEALTH
Africa CDC
The Africa Centres for Disease Control and Prevention (Africa CDC) is working closely with the Ministry of Health in the Republic of South Sudan to manage a suspected disease outbreak, exhibiting symptoms similar to those of Viral Haemorrhagic Fever (VHF) in the remote areas of Dukubela, Pacime, and Dajo areas of Longechuck County, Upper Nile State… Read More>>>Village Health Works: Improving Medical Education in Sub-Saharan Africa
Borgen Magazine
A crisis-level shortage of health professionals is hindering progress in sub-Saharan Africa. A lack of doctors, nurses, midwives and other health workers has left communities vulnerable to preventable diseases and unable to access basic care. Village Health Works, which operates a Burundi-based teaching hospital serving some 200,000 patients, is proving that investing in medical education in sub-Saharan Africa is the key to alleviating the shortage…Read More>>
US charm offensive in Africa: new bureau for global health & summit with African youth leaders
The North Africa Post
The Biden administration’s charm offensive with Africa is ramping up in a big way, most recently with the launch of a new bureau aimed at making the battle against global outbreaks a lasting priority of US foreign policy and a pledge to seek partnership with African youth leaders to meet today’s challenges…Read More>>>
How lessons learned from COVID are preparing the world for future health threats
PBS
The State Department is putting lessons learned during the COVID-19 pandemic into action. The Bureau of Global Health Security and Diplomacy is aimed at better preventing, detecting and responding to existing and future health threats. Its first leader is renowned virologist Dr. John Nkengasong. He sat down with Geoff Bennett to discuss the new effort to respond to global health crises… Read More>>>
INFRASTRUCTURE
Senegal to Receive €50m from Africa Finance Corporation to Boost Oil & Gas Industry
African Business
Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, is partnering with the Government of Senegal to fund the development of the landmark Sangomar oil field…Read More>>>
Digital Infrastructure Industry Takes Centre Stage As Nairobi Hosts Africa’s First International Telecommunications Week
Africa, with its rapidly growing population and advancing connectivity, offers an abundance of untapped opportunities. ITW Africa aims to bridge the gap between businesses, fostering collaborations and facilitating partnerships that will drive the continent’s connectivity revolution… Read more>>
ICT
Techcabal
Moonshot by TechCabal is the conference that brings together Africa’s tech ecosystem in person to network, collaborate, share insights and celebrate innovation. Join us in Lagos on October 11 and 12. In this third article built around the conference, Kenn Abuya considers how African governments can adopt a united approach with AI regulation while upholding human rights, ensuring data privacy and protecting individuals’ intellectual property… Read More>>>
Uganda: Government Cuts Internet Cost By 50% to Improve Service Delivery
AllAfrica
Uganda Government reduced the Cost of the Internet from US$ 70 to US$35 per Mbps per month to facilitate service delivery, according to a statement released by the Ministry of ICT and National Guidance and the National Information and Technology Authority Uganda (NITA U), on Tuesday… Read More>>>
Global tech Africa to empower 13,000
The Nation Online
Global Tech Africa (GTA) is set to empower 13,000 Africans to be become ICT experts. GTA CEO Dr Inya Lawal announced this at the Global Tech Africa Summit in Lagos recently…Read More>>>
FINANCE
African Development Bank organises training to bolster public capacity for debt management
African Development Bank Group
The African Development Bank Group has provided training on debt reporting, management and sustainability in Africa to financial sector experts drawn from several member countries… Read More>>>
Local and global investors show up to finance small businesses in Ghana’s ‘missing middle’
Impact Alpha
Ghana’s $5 billion annual shortfall in capital available to small business owners is stunting badly needed economic growth. Mirepa Investment Advisors is among an emerging group of local private capital providers striving to support Ghana’s small business community with flexible growth capital… Read More>>>
Time is ripe for Africa’s own credit rating agency
Africa Business
Credit rating agencies are designed to assess the creditworthiness of governments, state-owned companies, private corporations or other borrowers to enable them to access finance… Read More>>>
