Corporate Council on Africa’s latest news

 

(Posted 29th February 2024)

 

CCA IN THE NEWS

President Tinubu: No Going Back on Reforms; We Remain Steadfast in Creating Investment Opportunities While Tackling Poverty
The State House, Abuja
President Bola Tinubu says his administration remains steadfast in implementing necessary economic reforms to facilitate business growth and create investment opportunities that support Nigeria’s growing population….Read More>>

 

CCA MEMBERS IN THE NEWS

United Airlines Extends Newark-Bermuda Flights: Boost for Tourism, Says NJ Travel Agent
The People’s Network
United Airlines’ extension of the Newark to Bermuda flight schedule sparks enthusiasm and advocacy for year-round flights by travel expert Buffy Alexander. Explore the potential impact on Bermuda’s tourism sector and the push for increased accessibility…Read More>>

Google Announces First-Ever AI Model That Can Create Video Games From Text, Images; Here’s How It Works
Times of India
Google DeepMind researchers have announced a new artificial intelligence model that can generate virtual worlds with a text or image prompt. The latest model, named Genie, will allow users to interact and play with the virtual worlds it creates. The tech giant claims that this model was trained on gameplay and other videos found online and is currently only a research preview. The games created by the latest AI model also look to be designed only for 2D platforms….Read More>>

 

U.S.-AFRICA RELATIONS
The US Ambassador to DRC visited Goma
The Rwandan
The United States Ambassador to the Democratic Republic of the Congo (DRC), Lucy Tamlyn, made a visit in Goma to meet with Military Governor Peter Cirimwami. This marked Ambassador Tamlyn’s first visit to the eastern region of the DRC, specifically North Kivu, amid rising tensions due to the Rwandan army’s aggression, allegedly under the guise of the M23 rebel group, against the local populations of North Kivu…Read More>>

ENERGY

Locally Made Electrical Cables Are World Class–GSA Boss
Energy News Africa
Electrical cables produced by indigenous Ghanaian firms are certified and are of world-class quality, the Director-General of Ghana Standards Authority (GSA), Dr Alex Dodoo, has stated.The Ghana Standards Authority (GSA) has licensed six indigenous electrical cable manufacturing companies that produce all kinds of cables for both domestic and industrial use....Read More>>

Teraco Launches $106M Solar Project in South Africa
Tech In Africa
Teraco a leading African colocation provider, has announced plans to build a 120-megawatt (MW) utility-scale solar photovoltaic (PV) energy facility in South Africa’s Free State province to address ongoing power challenges. Jan Hnizdo, Teraco’s CEO, revealed that the company had secured its initial grid capacity allocation from Eskom, the country’s public electricity utility. The vendor-neutral data center provider will invest approximately R2 billion (~$106 million) to complete the solar plant project, with an expected completion time of 18 months…Read More>>

HEALTH

Elevating midwifery: A transformative journey to reach zero preventable maternal deaths in Rwanda
The New Times
Rwanda has undergone a remarkable journey in tackling maternal mortality rates (MMR) over the past decade. From an alarming 1,071 maternal deaths per 100,000 live births in 2010, the country managed to accelerate reduction reaching 210 in 2015. but in recent years the decline has been slower with MMR standing at 203 per 100,000 live births in 2020, showing a limited decline of only seven data points over five years.With Rwanda currently operating at a ratio of one skilled health professional per 1,000 people, below the WHO recommended minimum of four per 1,000; the Government of Rwanda introduced a comprehensive..Read More>>

Health experts launch Artificial Intelligence (AI)-powered partnership to boost Kenyan health system
All Africa
Kenya’s over-burdened health system is getting a major boost through a new international health partnership bridging proven Africa-led AI technology and deep local contextual knowledge.Leaders in healthcare gathered in Nairobi on 22 February 2024 to join forces to address critical health outcomes and improve programme performance. Titled “Technology-enabled Health Systems Strengthening”, the round table…Read more>>

INFRASTRUCTURE

Rio Tinto board approves world’s biggest mining project
Mining Technology
The board of Anglo-Australian mining giant Rio Tinto has approved what will be the world’s biggest mining project, CEO Jakob Stausholm told the Financial Times (FT) on Wednesday.The company will invest $6.2bn in the Simandou mining project in West Africa, the world’s largest untapped high-grade iron ore deposit. Funding will go towards the construction of a 552km railway to transport high-grade iron ore from two new mines in the Simandou mountains to a new deep-water port on Guinea’s Atlantic coast. One of the mines will also be built and operated by Rio Tinto…Read More>>

AGRIBUSINESS

Value addition increases fruit export earnings 77pc
Herald
Export earnings from horticulture’s fruit section rose 77 percent from US$2 million in 2022 to US$4 million last year, as the sector continued on a positive trajectory anchored on increased value addition by local producers.Statistics from Zimbabwe National Statistics Agency (ZimStats) show that fruit export earnings increased from US$2 405 885 in 2022 to US$4 257 285 in 2023. In volume terms it rose from 10 252 066 to 11 254 498 kilogrammes…Read More>>

ICT

WTO, ITC launch USD 50 million global fund for women exporters in the digital economy
Platform Africa
The WTO and the International Trade Centre (ITC) on 25 February launched a USD 50 million global fund to help women tap into opportunities in international trade and the digital economy on the sidelines of the 13th Ministerial Conference taking place in Abu Dhabi, United Arab Emirates…Read More>>

ZB Launches Digital Transformation Innovation Hub
All Africa
ZB Financial Holdings (ZBFH) has unveiled an innovation hub to drive the group’s digital transformation journey, which will be instrumental not only in exploring and providing solutions to customer pain points but also in engineering brands for strong performance…Read More>>

Tinubu advocates greater home-grown skill retention, technology domestication
Premium Times Nigeria
President Bola Tinubu on Tuesday in Abuja launched the Expatriate Employment Levy (EEL) to facilitate home-grown skill retention and technology domestication and to balance employment opportunities between Nigerians and expatriates….Read More>>

Mastercard and Awash Bank partner to launch enhanced payment options in Ethiopia
Tech Point Africa
Mastercard and Awash Bank, an Ethiopian commercial bank, have announced a new international prepaid card and Payment Gateway Service during a press conference at Awash Bank’s headquarters in Ethiopia…Read More>>

FINANCE

Climate change and financing Africa
CNBC Africa
Paradoxically, climate change impacts are more pronounced in the low-carbon emitting countries, with events beyond the capacity of communities and countries to adapt. For instance, Africa’s carbon footprint is relatively small compared to other regions. In 2020, Africa’s total greenhouse gas emissions (GHGs) stood around 1.5 billion metric tonnes of carbon dioxide (CO2) equivalent, which represents about 3% of global emissions….Read More>>

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