(Posted 07th March 2024)
President Tinubu: No Going Back on Reforms; We Remain Steadfast in Creating Investment Opportunities While Tackling Poverty
Pan African Visions
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. Receiving a delegation from the Corporate Council on Africa (CCA) led by Florizelle Liser, CCA’s President and Chief Executive Officer, in Abuja, on Thursday, President Tinubu reiterated his unwavering commitment to Nigeria’s economic growth and stability, emphasizing that he is not relenting until his vision for Nigeria is achieved… Read More>>
Corporate Council on Africa Appoints Distinguished Business Leaders to its Board of Directors
Corporate Council on Africa
The Corporate Council on Africa (CCA), a leading U.S. business association focused solely on connecting business interests in Africa, is pleased to announce the appointment of its newest members to their Board of Directors, comprising leaders from various sectors dedicated to advancing economic and commercial engagement between the United States and the African continent… Read More>>
CCA MEMBERS IN THE NEWS
Olajumoke Adenowo Joins Flutterwave as Global Board Member
The Will
Olajumoke Adenowo has added another feather to her cap. She has joined the global board of Flutterwave where she is expected to bring decades-long expertise to support the company’s international expansion strategy and multinational collaborations… Read More>>
MIGA sticks by €349mn guarantee for African trade finance
Global Trade Review
The World Bank’s investment guarantee agency has renewed €349mn in cover for a Standard Chartered-led loan to the Eastern and Southern African Trade and Development Bank (TDB), which will be used to finance trade transactions… Read More>>
TDB Group And GGGI Partner To Advance Climate Finance Initiatives in Africa
Africa.com
On the heels of the COP28 global climate summit, the Eastern and Southern African Trade and Development Bank Group (TDB Group) and the Global Green Growth Institute (GGGI) signed an agreement aimed at fostering cooperation in climate adaptation funding and accelerating TDB’s climate finance strategy implementation in TDB member states… Read More>>
Ethiopian Airlines to Purchase Up to 20 777X Jets
Airways Mag
Boeing and Ethiopian Airlines (ET) have announced an agreement for the airline to purchase eight 777-9 passenger airplanes with the potential for up to 12 additional jets. This Boeing 777-9 selection positions ET as as the first 777X customer in Africa and build its previous order for 11 787 Dreamliner and 20 737 MAX airplanes in 2023… Read More>>
Ovidiu Bujorean Joins the Corporate Council on Africa Board of Directors
ACDI VOCA
The Corporate Council on Africa (CCA) is pleased to announce the appointment of Ovidiu Bujorean, Senior Technical Director of Partnerships and Investments for ACDI/VOCA and its affiliate AV Ventures as the newest member of the CCA’s Board of Directors, Class of 2026. This strategic appointment, effective January 1, 2024, marks a significant milestone in the CCA’s ongoing efforts to enhance economic and business relations between the United States and the African continent… Read More>>
Dangote calls for Nigeria’s transition to a knowledge-based economy
Business Insider Africa
Aliko Dangote, the Chief Executive Officer of the Dangote Group and Africa’s wealthiest man has proposed the transition of Nigeria’s economy from a resource-based model to a knowledge-based one… Read More>>
Offshore Energy
The United States (U.S.) is poised to take the lead on the expansion of liquefied natural gas (LNG) and floating liquefied natural gas (FLNG) projects in Africa, which is set to spearhead the floating LNG market growth between now and 2027. As a result, U.S. operators and contractors can seize the opportunity to play a main role in realizing new capacity, alongside onshore developments… Read More>>
US reluctant to finance Angola-Zambia extension of Lobito Corridor
Africa Intelligence
The US International Development Finance Corporation has doubts about the relevance of extending the Lobito Corridor, which links LuacAfricano in central-eastern Angola to Solwezi in northern Zambia, and may not finance the work… Read More>>
Energy News
The Africa Energy Indaba 2024 opened in Cape Town, the legislative capital of South Africa, Tuesday, aiming to drive the energy agenda across the globe and eradicate energy poverty on the African continent… Read More>>
Ghana’s Energy Minister Highlights Nigeria’s Role in African Trade and Energy at Summit
BNN Breaking
At the Nigeria International Energy Summit in Abuja, Dr. Matthew Opoku Prempeh, Ghana’s Minister of Energy, emphasized Nigeria’s pivotal position in fostering trade and promoting energy sustainability across Africa. Highlighting Nigeria’s substantial natural gas reserves and its potential to secure energy for West Africa, Prempeh advocated for innovative resource and energy production on the continent. The proposed Africa Energy Bank, as discussed, is poised to tackle funding challenges for oil and gas projects, marking a significant stride towards energy independence for Africa… Read More>>
Shell Champions Gas as Transition Fuel in Nigeria, Aims for African Energy Prosperity
BNN Breaking
At the 7th Nigerian International Energy Summit, Shell outlined its vision for Africa’s energy future, stressing the significance of gas as a transition fuel in Nigeria’s pursuit of energy security and economic development. Managing Director Osagie Okunbor, during his address, emphasized the need for a comprehensive strategy that includes international partnerships, technological advancements, and sustainable finance to unlock the continent’s vast energy potential…Read More>>
UNICEF
Today, the Africa Centres for Disease Control and Prevention (Africa CDC) and UNICEF announced an extended partnership dedicated to strengthening primary healthcare, supply chain management, pooled procurement and local manufacturing, and emergency response… Read More>>
Angola Develops Health Information System Strategic Plan
World Health Organization
The World Health Organization’s most recent assessment of the coverage and functionality of the National Health Information Systems (NHIS) revealed that Angola should focus on improving the availability of information on key development indicators, such as the Sustainable Development Goals (SDGs) for health, birth registration, the causes of death with medical certificates reported by the main hospitals by main diagnostic category (ICD-10/11), among others… Read More>>
Why Multinational Pharma Companies Are Withdrawing Operations in Africa
African Pharmaceutical Review
When GSK’s CEO Emma Walmsley took over office from Andrew Witty in 2017, her strategy was clear; to create a more competitive operating model for the company’s business in emerging markets… Read More>>
Atlantic Power & Infrastructure Corp. (AP&I) and its subsidiary, Next Generation Agriculture (NGAG), alongside Smart Trade Africa, have announced a groundbreaking partnership aimed at confronting environmental challenges and promoting sustainable development across Africa… Read More>>
Mustapha Ussif, the Youth and Sports Minister, has confirmed that a total of $195 million has been spent on infrastructure development in preparation for the 2023 African Games. Scheduled to take place from March 8 to March 23, the Games will primarily unfold at the Borteyman Sports Complex and University of Ghana Stadium, complemented by support from 15 additional venues… Read More>>
African Business
Meeting in Abidjan on 14 February 2024, the Board of Directors of the African Development Bank Group approved a loan of $117.9 million to the Democratic Republic of Congo to implement the Project to Support Governance and Skills Development in support of the Agriculture Transformation Programme (PTA)… Read More>>
English News
Africa needs supportive policies and robust infrastructures to tap into the limitless opportunities of artificial intelligence (AI) and leapfrog its development, experts have said… Read More>>
AU recognizes female innovators using technology to transform the education sector in Africa
African Union
The AU Continental Education Strategy for Africa (CESA) recognises information, communication and technology (ICT) as a major tool for empowering graduates and ensuring they contribute to social economic development by ensuring they not only have universal access but also ensuring they enhance the quality of provision and delivery, of services. ICT opens up possibilities for innovation, entrepreneurship and employability; flexibility in pedagogies; beating the limitation of time and space for varied learner needs; and enhancing confidence and dignity of graduates at all levels… Read More>>
The Commonwealth
During a Presidential Dialogue in the margins of the 37th Ordinary Session of the Assembly of the African Union, leaders highlighted the urgent need to rectify the existing quota system, which often favours wealthier nations, leaving Africa with disproportionately limited resources and influence… Read More>>
