(Posted 08th February 2024)
CCA IN THE NEWS
U.S.-Africa Business: Partnering for Sustainable Success – Background on Corporate Council on Africa (CCA) and the U.S.-Africa Business Summit
All Africa
Corporate Council on Africa (CCA), established in 1993, is the premier U.S. business organization focused exclusively on promoting greater U.S.-Africa trade, investment, and business partnerships. Over its 30-year history, CCA has provided its members and stakeholders the “access, connections, and insight” needed to successfully conduct business on the African continent… Read More>>
CCA MEMBERS IN THE NEWS
Microsoft and OpenAI are in talks to inject $500 million into humanoid robotics startup Figure AI, report says
Business Insider Africa
Microsoft and OpenAI are said to be exploring options to invest up to $500 million in a humanoid robotics startup, Bloomberg reported…Read More>>
The Chipper Cash and Visa Partnership: Africa’s Financial Future
Borgen Magazine
In the dynamic landscape of digital finance in Africa, Chipper Cash stands as the continent’s largest virtual currency. Its recent alliance with Visa integrates Chipper Cash into the global financial network, empowering users to harness the power of Visa for international transactions. The collaboration has far-reaching implications for Africa’s economy, fostering increased financial stability and paving the way for technological advancements. This partnership between Chipper Cash and Visa charts a course toward a more economically resilient and technologically advanced Africa… Read More>>
Shell agrees to develop Nigeria gas field for Dangote fertiliser
Reuters
Shell Plc has made a final investment decision to build a gas supply facility in Nigeria to feed a fertiliser plant owned by Africa’s richest man Aliko Dangote, the company said in a statement… Read More>>
IFC Emphasizes Importance of Cooperation with Morocco
Morocco World News
Cheick Oumar Sylla, regional director for the International Finance Corporation (IFC) for North Africa and Horn of Africa emphasized the importance of cooperation with Morocco, describing it as a strategic country… Read More>>
Google’s first Africa cloud region now operational
TechCrunch
Google has today said its cloud region in South Africa is operational, coming a year after the tech giant picked Johannesburg as its first site in Africa… Read More>>
U.S. Department of State
The Kingdom of Morocco and the United States of America co-hosted a Proliferation Security Initiative (PSI) Africa Political Meeting and Outreach Event in Marrakesh, Morocco on January 31 – February 2, 2024. This meeting was co-chaired by the Director of the United Nations and International Organizations, Ministry of Foreign Affairs, African Cooperation and Moroccan Expatriates, Mr. Redouane Houssaini, and U.S. Under Secretary of State for Arms Control and International Security, Ambassador Bonnie Jenkins… Read More>>
Grammy Awards: Africa finally has its own category – but at what cost?
The Conversation
For the first time in its 65-year history the Grammy Awards in the US has introduced an African category, Best African Music Performance, which recognises the song of the year… Read More>>
ENERGY
African Business
Namibian president Hage Geingob died in Windhoek on Sunday at the age of 82, weeks after announcing that he had been diagnosed with cancer. Geingob’s vice-president, Nangolo Mbumba – also aged 82 – was immediately sworn-in as the country’s new leader. He will serve the last year of Geingob’s term in office, but will not stand in elections scheduled for November… Read More>>
Energy Vault signs gravity storage deal covering southern Africa
PV Magazine
Under a new 10-year agreement, Gravity Energy Storage Solutions (GESSOL) has secured the rights to deploy Energy Vault’s gravity energy storage tech throughout the 16 nations of the Southern African Development Community region. Energy Vault CEO Robert Piconi says the deployments will smooth out load shedding and optimize grid performance… Read More>>
African Mining Indaba opens in Cape Town amid call for collaboration to deal with challenges
Xinhau
The African Mining Indaba 2024 began Monday in Cape Town, with South African President Cyril Ramaphosa calling for collaboration to address the challenges faced by the industry… Read More>>
No Power Grid? This African Village Mines Bitcoin for Electricity
Hackernoon
In the much smaller country of Malawi, only 11% of citizens have access to the grid. And most of those lucky few live clustered in cities, not scattered across rural areas. But One Village Defies the Odds — Bondo. Nestled on the slopes of Mount Mulanje, Bondo is a small village that used to live in the dark. For years, it had no hope of getting connected to the national grid… Read More>>
Africa CDC
Imagine a future where every child in Africa can get their vaccines on time and how disease outbreaks could be swiftly managed by locally produced vaccines and medicines. This future is not a distant dream but a tangible reality shaped by the Africa CDC to guarantee health security across the continent… Read More>>
Revolutionizing Healthcare In Africa: The Role of Telemedicine
Forbes
In the grand tale of global healthcare, telemedicine doesn’t just emerge; it bursts forth like a revolutionary symphony, from global stages to the heartbeat of African healthcare. Picture Lagos, Nigeria, a hub for a healthcare revolution—a tale of innovation redefining the very essence of healthcare… Read More>>
African Business
These are interesting times for the African mining industry. Interest in the continent’s critical mineral reserves is soaring: lithium, copper, cobalt and nickel are vital to the energy transition and are opening up new mining opportunities across Africa… Read More
Ivory Coast to host 52 MW solar plant
PV Magazine
The Ivory Coast government has signed an agreement with infrastructure investor PFO Africa for the financing, construction and operation of a 52 MW solar plant. The project has been billed as the country’s largest to date… Read More>>
Ghana demonstrating a strong commitment for enhancing infrastructure resilience
Africa.com
The United Nations Office for Disaster Risk Reduction (UNDRR) in collaboration with the Ministry of Works and Housing convened a workshop with stakeholders from over 24 ministries, institutions and agencies in Ghana to discuss the need for a multisector approach to infrastructure resilience… Read More>>
Tech in Africa
MTN Group has pledged to invest a substantial $215 million in infrastructure in the Republic of Benin over the next three years. The investment will primarily focus on the construction of MTN Benin, the telco’s subsidiary office… Read More>>
The Will News
Amid scarce resources and conflicts which impact negatively on their economy, African countries spend a whopping $20 billion annually on wheat importation. This disclosure was made by the Head of Technologies for African Agricultural Transformation (TAAT) Clearinghouse, Dr. Solomon Gizaw during a Train-the-Trainer workshop on wheat seed production in Kano… Read More>>
How crop diversification is boosting productivity and sustainability in SA Agriculture
Zawya
The agricultural landscape is experiencing a notable shift away from the conventional method of mono-cropping, where large expanses of land are dedicated to the cultivation of a single crop variety. That’s according to Paul Makube, senior agricultural economist at FNB, who says that sustainable crop production now demands urgent attention towards diversifying crops. He argues that this shift is not just a trend, but a necessary and urgent response to the multitude of challenges that modern agriculture faces… Read More>>
Innovation Village
Oracle, a global technology leader, has unveiled plans to establish a public cloud region in Nairobi, Kenya, marking a significant stride in its continent-wide cloud infrastructure expansion. This announcement follows the inauguration of Oracle’s initial cloud region in Africa, situated in Johannesburg, South Africa, launched in January 2022… Read More>>
UNDP’s New $1 Billion. Fund Could Boost Africa’s Tech Startups Globally
In Depth News
Venture capital funding is shrinking globally, but experts are optimistic that a new $1 billion investment fund created by the United Nations Development Program for the tech ecosystem in Africa could protect startups there from declining investments… Read More>>
Africa Tech Summit 2024: in Nairobi, we’ll also be talking climate start-up finance
Afrik21
The Africa Tech Summit (ATS) returns for its sixth edition on February 14 and 15, 2024 in Nairobi. Four issues relating to the technology ecosystem will be discussed in the Kenyan capital, including the financing of technological innovations to combat climate change… Read More>>
The Paypers
Deloitte Africa explores how Africa’s financial sector navigates Open Banking’s rise, leveraging tech partnerships, overcoming regulatory gaps, and ensuring data security for inclusive, innovative finance… Read More>>
10x Banking furthers expansion into Africa
Fintech Finance News
10x Banking, the transformational cloud-native SaaS core bank operating system founded by former Barclays CEO Antony Jenkins, has today announced a partnership with Old Mutual as it expands into Africa and scales its evolving core banking system into new markets in response to growing demand… Read More>>
