(Posted 22nd February 2024)
CCA MEMBERS IN THE NEWS
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>>
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U.S.-AFRICA RELATIONS
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 Acting Assistant Secretary Littlejohn’s Travel to Oman, Ghana, and Kenya
ENERGY
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 HEALTH
Africa CDC Hosts the 2nd High-Level Ministers of Health Forum to Strengthen Transformative Health Leadership
AfricaCDC 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? INFRASTRUCTURE
AfDB injects $10 million into AGIA-PD green infrastructure fund
Afrik21 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>> AGRIBUSINESS
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 ICT
Airtel Africa to build second data centre in Kenya
ItWeb 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 ODD and innovation: African Artificial Intelligence Week in June in Lomé FINANCE
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>> |
