Corporate Council on Africa’s latest news


(Posted 22nd February 2024)



How African countries can build scale-able and investible business

CNBC Africa
African enterprises could be a key catalyst towards tackling the missing middle that has impacted the continent’s food systems staging a global risk towards food security. CNBC Africa spoke to Ovidiu Bujorean, Senior Technical Director, Partnerships and Investments, AV Ventures on how countries can tap more into scalable and investible ventures… Read More>>

Sowing the Skies: Eswatini and Ethiopian Airlines Forge New Aerial Alliances 
BNN Breaking
In the bustling corridors of the AU summit in Addis Ababa, a significant conversation unfolded, one that might just redefine aerial connectivity in Africa. Eswatini Prime Minister Russell Mmiso Dlamini, amidst the summit’s diplomatic whirlwind, expressed a keen interest in partnering with Ethiopian Airlines, Africa’s aviation behemoth. This proposed partnership, symbolizing much more than mere logistics, could potentially stitch the continent closer, fostering stronger ties between Eswatini and Ethiopia, and perhaps, igniting a new era of African unity in the skies… Read More>>

Africa Finance Corporation appoints Emeka Emuwa as Chairman of Board 
APA News 
The Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, has announced the appointment of Mr. Emeka Emuwa as Chairman of its Board of Directors. Emuwa brings a wealth of experience spread over three decades of leading and transforming banking institutions across Africa. After completing a sterling 25-year career with Citibank where he left as the Country Officer and Managing Director of Citibank in Nigeria, he went on to serve as the Group Managing Director and Chief Executive Officer of Union Bank of Nigeria. In this role, he led the bank’s transformation and worked successfully with the new shareholders to transform and restore one of Nigeria’s oldest institutions back to its rightful position as a credible and strong provider of financial services… Read More>>


The Lobito Corridor: Building Africa’s Most Important Railway
U.S. Chamber of Commerce
On February 8, the Lobito Corridor Private Sector Investment Forum in Zambia concluded with great optimism. This gathering, hosted by the White House’s Partnership for Global Infrastructure and Investment (PGI) in collaboration with the Africa Finance Corporation, underscored the transformative potential of the Lobito Corridor rail project. It also positioned the project as a focal point for public-private partnerships with the potential to yield shared prosperity for Americans and Africans… Read More

Biden to welcome Kenyan president to White House for state visit in May 
Africa News
President Joe Biden plans to welcome Kenyan President William Ruto to the White House in May, hosting a state visit after reneging on his promise to visit Africa last year. White House press secretary Karine Jean-Pierre announced Friday that the visit set for May 23 will mark the 60th anniversary of U.S.-Kenya diplomatic relations and “celebrate a partnership that is delivering for the people” of both countries while affirming “our strategic partnership” with Ruto’s country… Read More>>

Acting Assistant Secretary Littlejohn’s Travel to Oman, Ghana, and Kenya
U.S. Department of State
Acting Assistant Secretary of State for Oceans and International Environmental and Scientific Affairs Jennifer R. Littlejohn will travel to Oman, Ghana, and Kenya from February 16 to February 29, 2024.  During her visit, she will discuss nature and marine conservation, plastic pollution, the climate crisis, deforestation, nature crimes, civil and commercial space activities, and the sustainable blue economy… Read More>>

10x growth: Seeing opportunity in South Africa’s energy crisis 
How we made it in Africa 
South Africa has grappled with electricity shortages for over a decade. In recent years, increased scheduled power outages, known locally as load shedding, have left some regions without power for up to 10 hours a day in severe instances. This situation has compelled many households and businesses to adopt solar power solutions for electricity generation. Between March and June 2023, rooftop solar capacity in South Africa expanded by 349% to 4.4 GW… Read More>>

Powering Africa Summit 2024: Uniting Ministers, Investors, and Innovators to Drive Capital Flows and Sustainable Energy Transition
Distinguished ministers and government officials from Nigeria, including H.E. Honourable Adebayo Adelabu, Minister of Power; H.E. Honourable Dr. Dele Alake, Minister of Solid Minerals Development; and H.E. Honourable Obongemem Ekperikpe Ekpo, Minister of State for Gas, will gather alongside counterparts from Egypt, Ethiopia, Sudan, Zimbabwe, Malawi, Senegal, Eswatini, Djibouti, and São Tomé & Príncipe, along with sponsors, African utilities organizations, regulators, and Development Finance Institutions (DFIs) on March 5-6 at The Mayflower Hotel… Read More>>


Africa CDC Hosts the 2nd High-Level Ministers of Health Forum to Strengthen Transformative Health Leadership
On the margins of the 37th Ordinary Session of the Assembly of Heads of State and Government of the African Union, the Africa Centres for Disease Control and Prevention (Africa CDC) hosted the 2nd annual ministerial high-level forum for the Ministers of Health from the AU Member States, under the Ministerial Executive Leadership Programme (MELP)… Read More>>

What’s fueling the deadly cholera outbreak in Southern Africa? 
A severe cholera outbreak is currently ravaging communities in Southern Africa, spreading across borders in what experts say is the worst such crisis involving the illness that the region has seen in a decade… Read More>>


AfDB injects $10 million into AGIA-PD green infrastructure fund
The Board of Directors of the African Development Bank (AfDB) Group has approved a $10 million equity investment in the Alliance for Green Infrastructure in Africa-Project Development Fund (AGIA-PD). Led by the AfDB, the AGIA-PD fund is a $10 billion initiative designed to help accelerate Africa’s green transition… Read More>>
African mining continues to be held back by infrastructure deficit – experts 
The North Africa Post 
While interest in Africa’s critical mineral reserves, including those vital to combating climate change, is soaring, in some places their extraction is hindered by problems with vital infrastructure, according to several recent studies… Read More>>


Uganda signs $400 million deal for a green hydrogen-based fertilizer plant aims to reduce imports 
Farmers Review Africa 
The government of Uganda through the Ministry of Energy and Mineral Development has signed a $400 million deal with Industrial Promotion Services Kenya Limited (IPS) and Norwegian Westgass Internasjonal AS for a green hydrogen-based fertilizer plant, aimed at reducing the country’s dependence on fertilizer imports… Read More>>

Africa’s Digital Revolution: Transforming E-commerce, Agriculture, and AI
BNN Breaking
Uncover the digital revolution sweeping across Africa, driven by innovative platforms in e-commerce, agriculture, and AI. From Jumia’s strategic growth to Farmz2U’s agricultural renaissance, these trailblazing initiatives are set to enrich millions of lives… Read More>>


Airtel Africa to build second data centre in Kenya
As competition for data centres in Africa heats up, Airtel Africa announced last week the construction of its second data centre in Kenya, following Nigeria. According to the telco, the Kenya data centre will have a capacity of seven megawatts and service both the telecom and other sectors… Read More>>

Africa Business Forum 2024: Reimagining Africa’s Tech & STEM Future 
CNBC Africa
Africa Business Forum will be held under the theme, Boosting Africa’s transformation through education, science, technology, and innovation. The goal of the Africa Business Forum is to promote an on-going dialogue between the private and the public sectors in Africa to accelerate collective efforts towards realizing the 2030 Agenda for Sustainable Development and Agenda 2063: The Africa We Want, of the African Union. This segment will interrogate what it will take to realise the “Africa We Want” and reimagine Africa’s Tech and STEM future… Read More>>

ODD and innovation: African Artificial Intelligence Week in June in Lomé
Internet of Things (IoT), algorithm, machine learning, big data – the list goes on. Yet these complex expressions reflect the future of the world. A world where artificial intelligence, between its prowess and excesses, is pitting multinationals against each other, and dividing Western and Asian states over the urgent need for regulation. And what about Africa? The answer in June 2024, at the Artificial Intelligence Week (SIA) hosted by Togo… Read More>>


Africa dominates list of the world’s 20 fastest-growing economies in 2024 – African Development Bank says in macroeconomic report 
African Development Bank Group
Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) of the continent released on Friday. Overall, real gross domestic product (GDP) growth for the continent is expected to average 3.8% and 4.2% in 2024 and 2025, respectively. This is higher than projected global averages of 2.9% and 3.2%, the report said… Read More>>

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