Corporate Council on Africa’s latest news

USAID Improves Food Systems in Ethiopia With Two New Agriculture Projects Valued at $86.5 Million
U.S Embassy Ethiopia
On March 5th, USAID Economic Growth and Resilience Office Director Amber Lily Kenny and State Minister Dr. Meles Mekonin from the Ministry of Agriculture, launched a $77 million Feed the Future Ethiopia Transforming Agriculture, and a $9.5 million Feed the Future Ethiopia Seed Systems projects. The two projects will increase incomes and reduce the rate of malnutrition in Ethiopia…Read More>>Advancing Climate-Smart Agriculture Technologies in Africa
World Bank
The World Bank Board of Directors today approved an additional $40 million in IDA* grants to the Accelerating Impacts of CGIAR** Climate Research for Africa project (AICCRA), a significant step towards advancing climate-smart agriculture (CSA) technologies and addressing critical gaps in climate resilience and food security in Ethiopia, Ghana, Kenya, Mali, Senegal, and Zambia…Read More>> 

ENERGY

Angola Represents a Strategic Opportunity for US Investors
Energy Capital Power
While Angola represents one of the biggest oil producers in Africa, efforts to increase production to 1.18 million barrels per day (bpd) in 2024 have created newfound investment opportunities for global players. U.S. companies and investors, in particular, offer the capital and expertise required to strengthen the Angolan oil and gas market…Read More>>Namibia to Draw on Angolan Oil & Gas Expertise
Energy Capital Power
Namibian President Nangolo Mbumba has announced that the country will utilize Angola’s oil and gas framework as a guideline for industry development, underscoring Namibia’s commitment to strengthening bilateral cooperation with its regional neighbor. President Mbumba met with Angolan President Joa?o Lourenc?o in Luanda last week…Read More>>

Kenyans Living In Rural Areas Told To Embrace SHIF
Capital FM
According to Wachira Murage, who led a special education session that aimed at providing quality information and guidance to expectant mothers in Nairobi by the hospital, SHIF would significantly improve affordable healthcare accebility to all citizens.He highlighted the transparency of the fund compared to the National Health Insurance Fund (NHIF)…Read More>>

Sh2.9 Billion Oxygen-Making Plant To Be Opened In Tatu City
All Africa
Hewatele, a Kenyan medical oxygen producer, has secured a $20 million (approximately Sh2.9 billion) funding package from various organizations, including the U.S. International Development Finance Corporation (DFC), Finnfund, Soros Economic Development Fund (SEDF), UBS Optimus Foundation, and Grand Challenges Canada…Read More>>

Seed Technologies Key To Addressing Africa Agric Problems
Daily Trust
Speaking during the AFSTA Congress in Mombasa, Kenya, Dr Munyaradzi Jonga, the Seed Production Specialist and TAAT Maize Compact Lead at AATF, noted that there is huge potential to maximise Africa’s agricultural productivity by leveraging on already available high-quality seeds of newly improved climate-smart varieties produced from different breeding programmes within the region…Read More>>Jigawa Now Has Hibiscus Processing Plant
All Africa
In a significant move towards economic diversification and agricultural transformation, Governor Umar Namadi of Jigawa State officially commissioned the COMTTRAJIGAWA Hibiscus Processing Plant at the Maigatari Export Processing Zone on Tuesday.The plant, established through a public-private-partnership (PPP) between the Jigawa State Government and Comttraex Nigeria Limited, represents a pivotal step in adding value to the agricultural sector in the state, particularly in hibiscus production….Read More>>

Liquid C2 in Landmark Cloud Deal
All Africa
LIQUID C2, a subsidiary of Pan-African technology group, Cassava Technologies, has partnered with two global giants, Google Cloud and Anthropic, to deliver advanced cloud, cyber security solutions and generative artificial intelligence capabilities to African businesses.Google Cloud is a global technology leader that, among others, provides AI, infrastructure, data, security and collaboration tools, while Anthropic is one of the world’s largest and fastest-growing AI companies….Read More>>Artificial intelligence and Africa
United Nations
Speaking at a panel discussion on ‘Fostering prosperity through policies on artificial intelligence in Africa’, on the sidelines of the 56th Session of the Economic Commission for Africa Conference of African Ministers of Finance, Planning and Economic Development (COM), experts agreed that Artificial Intelligence presented massive development opportunities for Africa if the right policies and infrastructure were in place…Read More>>

Invest in Developing Tech Skills of Ghanaian Youth – Dr Bawumia to Telecel Group
CNBC Africa
Vice President Mahamudu Bawumia has called on Telecommunication companies operating in the country to move beyond seeking to expand the physical infrastructure of their operations to investing in the human and other resources that are at the heart of their offerings to the Ghanaian and African market.Speaking at the launch of operations for Telecel Ghana, new majority shareholders in the company formerly known as Vodafone Ghana, on Monday, March 11, 2024 Dr Bawumia reminded telcos…Read More>>

Rwanda’s economy grew 8.2% in 2023
New Times
Rwanda’s Gross Domestic Product (GDP) grew by 8.2 per cent to Rwf 16,355 billion in 2023, boosted largely by the services sector, the National Institute of Statistics of Rwanda (NISR) said on Monday, March 11.The services sector grew by 11 per cent and accounted for 44 per cent of the total GDP due to the good performance in information and communication activities, air transport sector, as well as hotels and restaurants, all of which improved 39 per cent, 29 per cent, and 18 per cent, respectively…Read More>>Gambia Generates B1.09b Revenue At Senegambia Bridge
All Africa
The minister for Finance and Economic Affairs, Seedy Keita, has informed lawmakers that the total revenue generated from the SeneGambia Bridge between 2021 and 2023 stands at D1.09 billion.Responding to questions from deputies yesterday at the Assembly, Minister Keita added that the amount represents a collection of D285 million in 2021; D389 million for 2022 and D411.2 million for 2023…Read More>>