Corporate Council on Africa’s latest news

Strengthening Security, Supporting Development, and Reducing Conflict amid Geopolitical Competition
USIP
The United States Institute of Peace convened a senior study group to explore the role Africa plays in the United States’ efforts to diversify US critical mineral supply chains and how new investment in partnerships with African countries could help drive economic development and strengthen peace and security on the African continent… Read More>>

US must boost Africa ties to secure key minerals, report says
The East African
The US must boost commercial ties with African countries to curb reliance on China for supplies of critical minerals, a Washington-based think tank said on Tuesday.”US economic and national security depend on securing a reliable supply of critical minerals, including from Africa,” the United States Institute of Peace (USIP) said in a report…. Read More>>

ENERGY

Tanzania to Showcase $40B Liquefied Natural Gas (LNG) Project. Gas Prospects at Invest in African Energy (IAE) 2024
Social News XYZ
South Africa’s reliance on coal-fired power to supply about 72% of its energy needs is catching up with it as coal plants fail. But switching to renewable energy technologies is not that simple. Renewable energy also has strengths and weaknesses. While wind and solar are environmentally friendlier, they cannot supply electricity consistently unless they have large-scale storage systems… Read More>>

Invest in African Energy (IAE) 2024: Afentra to Promote Investment in Africa’s Legacy Assets
Africa.com 
Ian Cloke, COO of Afentra – one of Africa’s leading oil and gas independents – will speak on upstream opportunities within Africa’s growth markets at Invest in African Energy (IAE) 2024 in Paris, as the company seeks to optimize, redevelop and extend the lifespan of mature assets.In Angola, Afentra is currently expanding its non-operated interests in Blocks 3/05 and 3/05A and recently gained approval for the acquisition of Block 23, focusing on high-quality, long-life shallow water production assets with significant upside… Read More>>

HEALTH

Remedial Health Unveils Updated App for African Pharmacies
It News Africa
Remedial Health, a health tech startup focused on enhancing Africa’s pharmaceutical value chain efficiency, has introduced an updated version of its customer-facing app. Designed to serve as an operating system for neighborhood pharmacies and Proprietary Patent Medicine Vendors (PPMVs) across the continent, this new app offers a range of features tailored to their unique needs… Read More>>

INFRASTRUCTURE

Private Investment: Empowering African Infrastructure Development
Infrastructure News
As Africa continues its march towards economic prosperity, the imperative for infrastructure investment becomes increasingly evident. From transportation networks to energy grids, the continent brims with opportunities for enhancement and expansion. Yet, financing these endeavors remains a formidable challenge. Enter private capital: the linchpin in unlocking Africa’s infrastructure potential… Read More

Local capital is key for infrastructure, says Africa50
African Business
Infrastructure projects in Africa, particularly in sectors such as renewable energy, have long relied on financing from outside the continent. Development finance institutions, mostly from European countries, remain key players in providing the capital for Africa’s wind farms and solar parks… Read More

AGRIBUSINESS

South Africa and Nigeria Good Markets for U.S. Wheat
Aginfo.net
U.S Wheat Associates Vice President of Communications, Steve Mercer says they are currently working to promote us wheat to South Africa and Nigeria.“Russia and Ukraine are selling their wheat at below production costs. I’ve suspected this and we’ve suspected that for a long time, but men of course they are trying to fund the war. But it matters because a market like Nigeria is one where we have had a strong market share for many, many years… Read More>>

ITEX Africa 2024: Exploring Agritech’s Potential for African Agriculture
Morocco World News
Rabat – As Africa gears up for the GITEX Africa 2024 conference in Marrakech from May 29-31, one of the major themes to be explored is the field of agritech. This burgeoning sector promises to revolutionize agricultural practices across the continent, offer innovative solutions to age-old challenges, and lead African agriculture into a new era of efficiency, productivity, and sustainability… Read More>>

ICT

Harmonization of policies to accelerate ICT investments in Africa
KBC Digital
He singled out policies such as the now repealed 30pc local shareholding rule for foreign companies to invest in Kenya’s ICT sector as a hindrance to foreign direct investment. “In Kenya, for example, we have managed to waive the 30pc local content requirements that necessitated that ICT companies must have 30pc local ownership. What is the purpose of having a law that impedes foreign direct capital investment? That is the direction that we need to go as Africa, making sure that there is foreign direct capital investment while at the same time also protecting our own local interests as Africa,” said Owalo… Read More>>

FINANCE

Africa Finance Corporation’s year of impact sees major expansion of projects and investment
Africa.com
Africa Finance Corporation (AFC) (www.AfricaFC.org), Africa’s leading infrastructure solutions provider, has announced its most impactful year to date, with unprecedented expansion of projects and investments spanning energy, transportation, mining, food, textiles and climate resilience. Underpinning robust growth in earnings and total assets, AFC successfully navigating the global geopolitical, inflationary and debt distress challenges of 2023 to implement critical infrastructure projects across multiple sectors that are central to Africa’s structural transformation and sustainable development… Read More>>

AFAWA Finance Series Togo: African Development Bank and African Guarantee Fund unite to strengthen female entrepreneurs’ access to finance
African Development Group
The African Development Bank and the African Guarantee Fund (AGF) have brought the curtain down on the AFAWA Finance Series Togo conference, a keynote event aimed at promoting a better understanding of the financing needs of Togolese women entrepreneurs and debunking the myth that women-run companies are risky ventures. The three-day event, which ended on Thursday 28 March 2024, brought together some 180 leading figures responsible for policy and regulation in favour of women’s financial inclusion, and representatives of financial institutions, small and medium-sized enterprises and business incubators run or owned by women… Read More>>