(Posted 26th April 2024)
CCA IN THE NEWS
U.S.-Africa Business Summit: Confirmed African Heads Of Government And U.S. Government Officials
GNN Liberia
With just days remaining until the registration deadline, Corporate Council on Africa (CCA), organizers of the 2024 U.S.-Africa Business Summit urge interested participants to secure their spots before the registration closes on May 1, 2024. This premier event, fostering partnerships and dialogue between American and African businesses, will take place from May 6 – 9, 2024 at the Kay Bailey Hutchison Convention Center in Dallas, Texas…In addition to highlighting the impending registration deadline, CCA is thrilled to announce the following African Heads of Government who will be in attendance… Read More>>
Jean-Raymond Boulle appointed Vice Chairman of the Board of Corporate Council on Africa
Corporate Council on Africa
Corporate Council on Africa is pleased to announce the appointment of Jean-Raymond Boulle as the new Vice Chairman of the Board, effective March 21, 2024. He succeeds John Olajide who served as Vice Chairman before becoming Chairman of the CCA Board in January this year. Since the establishment of the CCA in 1993, Mr. Boulle has been a believer in the potential of the African Continent and firmly committed to the promotion of business and investment between the United States and the nations of Africa… Read More>>
CCA MEMBERS IN THE NEWS
Africa’s top fintech player is getting ready for an IPO
SEMAFOR Africa
Flutterwave, the Nigeria-based digital payments company and Africa’s most valuable startup, has made changes to its corporate team as part of moves aimed at preparing for an initial public offering, its chief executive told Semafor Africa.
Olugbenga ‘GB’ Agboola, speaking at Semafor’s World Economy Summit in Washington D.C. on April 18, described Flutterwave’s hopes for a public offering as part of a broader future agenda. “Right now our goal is to be IPO-ready, ensuring we have the right corporate governance in place, making sure we are operating well,” Agboola said. “We want to be a long-term company in Africa, for Africa – and so the goal is building the right infrastructure to be here for the next ten-plus years”… Read More>>
Delaware Business Times
Last week, Delaware hosted a delegation of African diplomats and small business owners seeking opportunities to expand business into the U.S. or in Africa through new connections or finding new resources. Hosted by the World Trade Center Delaware, the all-day event shone a light on the upcoming U.S.-Africa Business Summit in Dallas in May. The day at Wilmington University and Whist Club also gave Delaware and African business leaders a chance to brainstorm other economic opportunities… Read More>>
Energy Capital & Power
Boasting an abundance of wind, solar, hydro and geothermal resources, technological innovation and new initiatives in Africa are expected to play a major role in positioning the continent on a pathway towards low carbon energy development. As development costs continue to decline, a panel of speakers at ARDA Week 2024 explored new innovations and technical applications that will develop across the global energy space while driving the energy transition in Africa…Read More>>
WEC hears how to unlock energy investments in Africa
Enlist
The importance of energy investment in Africa is not up for debate. However, the question of how to convince the public and private sectors to invest does not lead to straightforward answers.Africa may be the home of one-fifth of the global population, but the continent only receives 3% of the global energy investment…Read More>>
Africa Takes The Lead To Champion An Innovative Approach For Its Energy Transition
Solar Quarter
In a bid to tackle climate change and fuel economic growth, Africa intensifies efforts towards renewable energy adoption.Africa, rich in renewable resources, is accelerating its energy transition to meet its growing economic and developmental demands. However, with less than 2% of global renewable energy investments in the past two decades, the continent has lagged behind, leaving three-quarters of its population without adequate energy access.The Accelerated Partnership for Renewables in Africa (APRA), launched at COP28 and building on the Nairobi Declaration on Climate Change, aims to change this narrative. With a target to increase renewable capacity from 56 GW to 300 GW by 2030, APRA puts African nations at the forefront of driving sustainable energy initiatives…Read More>>
Disprut Africa
African healthcare innovation incubator Pishon Health has announced the launch of its Social Innovation Incubator program, which aims to empower innovators in developing tech-driven solutions with access to training, mentorship, and potential funding. The 12-week Pishon Health program aims to help healthcare innovators develop, refine, and scale up their groundbreaking solutions through access to mentorship, capital, and advisory services worth up to US$100,000…. Read More>>Africa CDC launches initiatives to advance molecular diagnostics and genomic surveillance in Africa
Africa CDC
Addis Ababa, Ethiopia – 24 April 2024 – The Africa Centres for Disease Control and Prevention (Africa CDC) kicked-off two groundbreaking projects: the Integrated Genomic Surveillance and Data Sharing Platform (IGS) and Integrated Genomic Surveillance for Outbreak Detection (DETECT). These initiatives, co-funded by the European Union, are poised to fortify the Africa Pathogen Genomics Initiative (Africa PGI 2.0), enhancing the capacity of member states for molecular detection of outbreaks, AMR genomic surveillance, and timely data sharing across Africa…Read More>>
Bloomberg
The continent has a sparse network of fuel pipelines that make up only a fraction of what’s been built in the US. Fuel distribution units of traders including Vitol Group see Africa as a place of transportation growth that’s reliant on gasoline and diesel — which will require investment…. Read More>>
Impact manager Acre raises $100 mln for African climate infrastructure
Reuters
Two former BNP Paribas bankers have raised almost $100 million for a new fund which aims to unlock billions of dollars of funding for climate-aligned infrastructure projects in Africa.
Acre Impact Capital, a private-debt impact investment manager, is looking to address the estimated $100 billion annual infrastructure financing gap on the continent by providing a portion of the unsecured funding for export finance projects…. Read More>>
AGRIBUSINESS
African Business
In a move to advance agricultural entrepreneurship and agribusiness development across Africa, the Food and Agriculture Organization of the United Nations (FAO) and the African Union (AU) have unveiled two new publications on agribusiness incubators and public-private partnerships… Read More>>
West Africa losing primacy in cocoa production — Agribusiness expert
Nigerian Tribune
An agribusiness expert, Dr Yemisi Shittu has warned that West African countries are on the verge of losing their primacy in cocoa production in the world. According to Shittu, the region was in the throes of a cocoa crisis because farmers in the subregion faced issues of disease, climate change, and flooding among others. Across the border of the country, Ivory Coast and Ghana are presently devastated by diseases such as fungal black pod disease and cocoa swollen shoot virus such that international producers were shifting their sights to alternative regions in South America, particularly Ecuador and Brazil…Read More>>
CGTN Africa
As the world marks International Girls in ICT Day on April 25, a young entrepreneur wants to empower girls in Tanzania. Tukupala Mwalyolo, a computer engineer and certified drone pilot runs a program to mentor girls in the Information and Communications Technology (ICT) field.“A major challenge is societal expectations…people don’t expect women to pursue ICT as they perceive them to be tough and only suitable for men. The other challenges include lack of resources for girls to utilize in their pursuits and insufficient mentorship and motivation”… Read More>>
Harmonized ICT Regulation will Grow African Economies – Ruto, EU
The Kenyan Wall Street
Connected Africa Summit kicked off in Nairobi on Monday with participants calling for interstate collaboration and harmonized model of regulation for the ICT industry to thrive… Read More>>
African Development Bank group
“The problem of financing will remain unresolved so long as the rules and practices of global economic and financial governance obstruct access for our countries to sizeable resources on sustainable terms.”
The above pronouncement by Senegalese President Macky Sall a year ago encapsulated the resounding plea echoing across Africa for a reshaping of the global financial architecture to better serve the continent’s developmental aspirations… Read More>>
Strong calls for innovative financing and reform of the international financial system to achieve the Sustainable Development Goals in Africa
African In a strong call to stakeholders at the opening of the tenth Africa Regional Forum on Sustainable Development (ARFSD-10) in Addis Ababa, Ethiopia, Amina Mohammed, UN Deputy Secretary-General said urgent action is needed to increase capital flows into developing countries, particularly in Africa to make the SDGs stimulus a reality. She also urged the international community to support Africa in its efforts to deliver its vision for development through the SDGs 2030 agenda and Agenda 2063… Read More>>
