Corporate Council on Africa’s latest news

 

(Posted 28th September 2023)

 

 

CCA MEMBERS IN THE NEWS

Press Release: Crossboundary Access’ Blended Finance Model Attracts $10 Million for Mini-Grids from African Development Bank’s Sustainbale Energy Fund for Africa (SEFA) 
Next Billion 
This investment adds to the $25 million raised from ARCH Emerging Markets Partners Limited, Bank of America, and Microsoft Climate Innovation Fund in June last year to invest in CrossBoundary Access’ near-term pipeline of solar-powered mini-grids…Read More>>

Flutterwave launches engineering mobility programme in India, partners Capgemini
The Guardian Nigeria
Africa’s leading payments technology company, Flutterwave, has announced its plan to launch an inaugural Engineering Mobility Programme in India with the support of Capgemini, a global leader in business and technology transformation services…Read More>>

 

U.S.-AFRICA RELATIONS

 

President Biden Announces the Inaugural Members of the President’s Advisory Council on African Diaspora Engagement in the United States 
The White House
President Biden is announcing the inaugural members of the President’s Advisory Council on African Diaspora Engagement in the United States. The establishment of this Council was a significant commitment announced by Vice President Harris on behalf of the Biden-Harris Administration during the 2022 U.S.-Africa Leaders Summit, aimed at enhancing dialogue between United States officials and the African Diaspora… Read More>> 

Gen. Michael Langley’s Libya Visit Highlights USAID Humanitarian Aid Efforts and Bilateral Cooperation
United States Africa Command
U.S. Marine Corps Gen. Michael Langley, commander, U.S. Africa Command, traveled to Libya, September 20-21, to further cooperation between the United States and Libya, and highlight the robust U.S. humanitarian response to the devastating flood…Read More>>

US, Kenya Sign Defense Agreement Ahead of Haiti Security Mission
Voice of America 

The United States and Kenya signed a defense agreement Monday aimed at strengthening counterterrorism efforts in East Africa and supporting Kenya’s efforts to take the lead in a security mission to Haiti…Read More>>

U.S. Department of Energy to Speak at Critical Minerals Africa 2023, Affirming Minerals Engagement in Africa 
Energy Capital Power 
Representing the interests of the U.S. Department of Energy (DoE), Josh Volz, Deputy Assistant Secretary for Africa, the Middle East, Europe and Eurasia, has confirmed he will speak at the upcoming Critical Minerals Africa (CMA) 2023 summit in Cape Town this October… Read More>>

ENERGY

Kenya to Build Nuclear Power Plant in 2027
All Africa
Kenya targets to kick off the construction of its first nuclear power plant in 2027 as the country seeks to further diversify its energy generation amid rising demand and push for zero-carbon energy, The East African reports… Read More>>

Energy Efficiency Takes Center Stage at Africa Climate Summit 2023 
African Union
At the Africa Climate Summit 2023 held in Nairobi from September 4-6, energy efficiency was highlighted as a cost-effective solution to expand energy access across the continent. During a high-level event on energy efficiency, African Union Commissioner for Infrastructure and Energy H.E. Dr Amani Abou-zeid highlighted that energy efficiency is the cleanest form of energy available… Read More>>

HEALTH
Health Ministry plans to train 38,000 professionals by 2027
Angop
Luanda – At least 38,000 health professionals are expected to be trained up to 2027, as part of the emergency training plan outlined by the Angolan government, the Health Ministry (MINSA) announced Monday, ANGOP has learnt… Read More>>

Inaugural Africa Health Indaba 2023: Pioneering a resilient future for Africa
Omnia Health 

Pioneers in the medical industry will gather alongside high-level representatives from government and business in October for the inaugural Africa Health Indaba in Gauteng. The Indaba takes place during the annual Africa Health Congress and is an evolution of the Leaders Forum event that was previously hosted during this annual gathering… Read More>>
INFRASTRUCTURE
The Future of Logistics in Africa: Embracing Disruption and Innovation for Success
Maersk
Given its vast natural resources and strategic location, the African continent has long been an important player in the shipping industry. However, the sector has suffered significant setbacks in recent years, including changes in global commodity prices, rising geopolitical tensions, and the Covid-19 pandemic. These difficulties have had an impact not only on Africa’s export market, but also on its ability to import critical goods… Read More>>

Africa needs skills and infrastructure to grow trade 
Southern Africa’s Freight News 
Africa needs to confront its stifling non-trade barriers, and countries must home-grow or import skills if they want to develop and raise the level of intra-continental trade and reap the benefits of the African Continental Free Trade Area (AfCFTA)… Read More>>

AGRIBUSINESS
Technology can’t solve everything but more Africa agrifoodtech investment is critical as climate change impacts and food insecurity worsen
Ag Funder News
Seemingly immune to the downturn across venture capital markets in 2022 – when Africa agrifoodtech investment reached a record-breaking $636m – things looked less rosy in the first half of this year. Hopefully, it’s just a delayed response to the tightening venture capital markets because investment in the region’s food and agriculture industry is more critical than ever… Read More>>

ICT
5 Reasons the Future of Tech is African
Forbes
The story of technology in Africa in many ways is also a fintech story. The majority of Africa’s 10+ unicorns are fintech businesses, many of which I’ve covered in this column. Across 2021 and 2022, between 40 and 60% of VC funding in Africa went towards fintech… Read More>>

7 global investors discuss African tech-post Kauffman Fellows’ first summit on the continent 
Techcrunch
In 2020, Kauffman Fellows (KF), a prominent venture education program renowned for its extensive and well-established network of VCs, made a concerted effort to enhance the diversity within its board. The program, a well-established resource for startup founders and the venture capital sector, expressed the importance of using this strategy to sustain diversity growth within its fellowship cohort, where a group of fellows actively participate in the nomination and evaluation process for prospective trainees… Read More>>

FINANCE
Mauritius to Host Africa Partnership Conference – Oct 2 – 3 
All Africa
The Economic Development Board (EDB) in collaboration with the Ministry of Finance, Economic Planning & Development (MOFEPD) will host the Africa Partnership Conference (APC) on the 2nd and 3rd October 2023 at the Intercontinental Balaclava Fort, Mauritius… Read More>>