(Posted 16th May 2024)
CCA IN THE NEWS
US-Africa Summit 2024: towards a new era of cooperation?
Africa News Agency
Returning to American soil for its 16th edition, will the US-Africa Summit 2024, held from May 6th to 9th, 2024, in Dallas, mark a turning point in relations between the two continents? This is at least the promise made by over 1,000 prominent political and business leaders from Africa and the United States participating in the meeting… Read More>
Partnership for Global Infrastructure and Investment (PGI) Celebrates Signing of Finance Agreements for Republic of Angola Projects
US Department of State
Today, on the margins of the Corporate Council on Africa’s U.S.-Africa Business Summit, the United States and the Republic of Angola celebrated the signing of final agreements to finance three major infrastructure projects in the Partnership for Global Infrastructure and Investment (PGI)’s flagship Lobito Corridor. The agreements, for projects totaling more than $1.3 billion for clean power, radio connectivity, and transportation infrastructure, demonstrate the U.S. government’s continued commitment to support and accelerate the economic investment priorities of Angola…Read More>>
US-Africa Business Summit aims to deepen business cooperation across the continent
Voice of Africa
Seven African leaders have confirmed their participation in a three-day 16th US-Africa Business Summit 2024 in Dallas, Texas. The conference, which is organized by the Corporate Council on Africa, is being held from May 6 to 9. Florizelle Liser, the president and CEO of the Corporate Council on Africa, tells VOA’s Peter Clottey the meeting will provide a major platform for deepening U.S.-Africa business ties across key sectors including agribusiness, energy, health, infrastructure, trade facilitation, ICT, and finance…Read More>>
Export-Import Bank of the U.S. Chair Lewis Celebrates Three Historic Transactions in Angola at U.S.
Africa Business Summit
Export-Import Bank
Export-Import Bank of the United States (EXIM) President and Chair Reta Jo Lewis today finalized three historic transactions for projects in Angola alongside President of Angola João Lourenço, Minister of Finance Vera Daves, and U.S. government representatives during the U.S.-Africa Business Summit in Dallas, Texas. The three transactions all advance the Biden-Harris Administration’s Partnership for Global Infrastructure (PGI) initiative, a collaborative effort by U.S. government agencies to support sustainable, clean, resilient, and inclusive infrastructure projects around the world. The transactions also support EXIM’s mandate to support renewable energy projects…Read More>>
US-Africa Business Summit: Eight things to watch this week
The Africa Report
The annual US-Africa Business Summit returns to Dallas in the United States this year, after back-to-back gatherings in Morocco and Botswana. Here are eight things to look out for…Read More>>
Meet the leaders and nations attending the 2024 U.S.-Africa Business Summit in Dallas
The Dallas Morning News
The annual US-Africa Business Summit returns to Dallas in the United States this year, after back-to-back gatherings in Morocco and Botswana. Here are eight things to look Global leaders and prominent business figures have arrived in Dallas for the 2024 U.S.-Africa Business Summit to analyze and brainstorm on how to capitalize on Africa’s growing population and business climate. The event, organized by the Corporate Council on Africa, is expected to host 1,500 attendees at the Kay Bailey Hutchison Convention Center…Read More>>
CCA MEMBERS IN THE NEWS
Chevron Drives Low Carbon Oil Production, Joins Angola Oil And Gas (AOG) 2024 As Platinum Sponsor
Africa.com
Multinational Energy Company Chevron Has Joined The Angola Oil & Gas (AOG) 2024 Conference – Angola’s Premier Oil And Gas Event, Scheduled For 2-3 October in Luanda – As A Platinum Sponsor. The Company Has Been Active in Angola for Over 70 Years, and with Stakes in Various Strategic Oil and Gas Projects, Remains Committed to Increasing Production and Sustainable Oil and Gas Development for the long-term…Read More>>
Center for Strategic and International Studies (CSIS)
Black, red, and green will color the streets of Washington, D.C., on May 23, 2024, as the Kenyan flag is raised to welcome President William Ruto and First Lady Rachel Chebet for the Republic of Kenya’s third state visit to the United States in its history. The last official state visit from an African leader to the United States was President John Kufour of Ghana in 2008…Read More>>It Matters How the Media Reports on Africa
Wilson Center
On May 13th, 2000, the cover of the Economist displayed a map of Africa overlaid by an image of a man straining under the weight of a shouldered weapon. Above the image was the title “The Hopeless Continent.” This image, which reached the Economist’s readership of nearly 1 million readers globally, distilled a continent of almost 1.5 billion people living in 54 diverse, multicultural, and polyethnic nations into three condemning words and an image of war and strife. This widely cited cover remains one of the most poignant examples of Africa’s false portrayal in the media. Sadly, such skewed characterizations of Africa as a despairing monolith remain common...Read More>>
ENERGY
Solar Quarter
Sappi Southern Africa has signed a landmark renewable energy Power Purchase Agreement (PPA) with Enpower Trading, a NERSA-licensed private electricity trading company, aiming to reduce its carbon footprint significantly. This agreement, providing 175GWh per annum, aligns with Sappi’s sustainability goals and its Science Based Target (SBTi) objectives. The implementation is expected to cut Sappi SA and Sappi Limited’s Scope 1 and Scope 2 emissions by 6% and 4% respectively…Read More>>Catalyzing Africa’s Energy Transition through Rwanda’s Sustainable Finance Revolution and the Role of DTOS
The New Times
As the Africa CEO Forum commences, it is expected that discussions around climate financing and the energy transition are taking centre stage. With Rwanda’s notable strides in attracting sustainable investments, the spotlight is on how these funds can drive positive social and environmental impact across the continent, ultimately facilitating Africa’s journey towards a net-zero global energy transition…Read More>>
HEALTH
Gavi
Africa has for years been heavily dependent on importing medicines, diagnostics and vaccines to respond to the health needs of the 1.2 billion people on the continent. When international trade was blocked during the COVID-19 pandemic, this extreme reliance on imports made Africa vulnerable. Now, a new free trade treaty that will ease tariffs on trade between African countries is kicking off, coinciding with moves to strengthen the continent’s capacity to manufacture medical supplies and build supply chains, all of which could radically change Africa’s ability to respond to its own health needs… Read More>>
Business Insider Africa
Airlines on the continent range from legacy carriers with global reach to nimble regional operators serving specific markets. Ethiopian Airlines, EgyptAir, South African Airways, Kenya Airways, and Royal Air Maroc are among the continent’s leading airlines. Despite the immense potential of the African aviation market, airlines face numerous challenges, including infrastructure limitations, regulatory complexities, and fierce competition… Read More>>Ethiopia Stresses Need for Policy Shifting, Infrastructure Development in Africa Aviation Sector
Ethiopian News Agency
Addis Ababa May 13/2024 (ENA) The Ethiopian government has been seeking to facilitate policy changes for a better infrastructure development and enhanced training capacities as well as human resource development in the African aviation sector, Minister of Transport and Logistics, Alemu Sime said. The 12th Aviation Stakeholders Convention and Africa’s 1st Safety and Operations Summit is convening in Addis Ababa. In his opening remarks today, the minister said the Ethiopian government realized the great economic value of air transport as a catalyst for driving the country’s economy forward. Ethiopian Airlines Group, in particular, is considered as a vital institute that bears a profound responsibility in facilitating the seamless movement of people and goods…Read More>>
Africa News
Drought-hit Morocco has been hosting an international agriculture fair in the city of Meknes this week (SIAM), focusing on climate resilience and sustainability. Some 70 countries and 1,500 exhibitions took part in the 16th edition of the expo, with some 800,000 expected visitors. More than 10 large tents displayed various agricultural products and services, including vegetables, fruits, fertilizers, irrigation mechanisms, from various regions of Morocco, as well as abroad…Read More>>IFC, Absa Group announce $60M trade finance facility for Volcafe to support 75,000 East African coffee farmers
Farmers Review Africa
International Finance Corporation (IFC), a member of the World Bank Group, and Absa Group Limited, a South African-based bank, will provide an up to US$60 million commodity trade finance facility to Volcafe, a leading global green coffee merchant, to strengthen the company’s operations in East Africa, supporting tens of thousands of coffee farmers in the region. The financing will provide working capital to facilitate the purchase of coffee cherries – the fruit from which coffee beans are extracted – from smallholder farmers and local traders, as well as the processing, storage, and transport of coffee to export ports
…Read More>>
Empowering Agriculture: Sunculture’s Impact In Sub-Saharan Africa
Africa24.IT
Kenyan supplier SunCulture has received a significant financial boost of $12 million from InfraCo Africa to enhance its solar irrigation offerings in sub-Saharan Africa. This investment aims to provide IoT-enabled solar irrigation systems to smallholder farmers, boosting agricultural productivity and resilience to climate change impacts. The systems are designed to pump large quantities of water efficiently, benefiting small farms and promoting sustainable economic growth in rural areas…Read More>>
Africa.com
In a visionary address, stakeholders in Africa’s financial technology (fintech) sector rallied behind a bold strategy to accelerate the continent’s fintech transformation and seamlessly integrate with the global fintech ecosystem. Ravi Menon, senior mentor at Elevandi and Singapore’s ambassador for climate action, emphasized the critical need to capitalize on existing components and lay the groundwork for a next-generation foundational digital public infrastructure (dpi) architecture, tailored to Africa’s unique needs… Read More>>US embassy in Tanzania closed as the country faces internet outage
Africa News
The United States Embassy in Tanzania has declared a temporary closure for two days due to ongoing network problems in the country. In an official statement, the embassy announced it will not be operational on May 14th and 15th, citing degraded network services caused by a cut submarine cable affecting Tanzania, Kenya, and other nations in East and Southern Africa. “Due to nationwide network degradation, the embassy will be closed to the public on May 14th and 15th. Consular appointments scheduled for these days will be cancelled and rescheduled. However, the consular section will remain open for visa pickups and emergency cases involving American citizens,” stated the embassy… Read More>>
Africa needs $15bn to increase local manufacturing of mineral fertilizers to boost self-reliance — AU
North Africa Post
The Africa Fertilizer and Soil Health summit held in Kenya’s capital Nairobi has recently closed with a 10-year action plan, as the African Union (AU) has said a $15 billion private sector investment is needed to increase manufacturing of mineral fertilizers in Africa. The Africa Fertilizer and Soil Health summit that took place last week brought together African leaders and key stakeholders in the agriculture sector who sought to highlight the crucial role of fertilizer and soil health in boosting productivity in agriculture on the continent. The leaders signed the Nairobi Declaration on Africa Fertilizer and Soil that acknowledges the need for increased fertilizer use while also recognizing the persistent, long-term challenges in implementing past commitments… Read More>>
