(Posted 23rd May 2024)
CCA MEMBERS IN THE NEWS
Google Set to Launch News Showcase In the U.S. Amidst Global Regulatory Challenges
Davidson News
Google is gearing up to launch its News Showcase product in the United States within weeks, following several delays and regulatory battles worldwide. Chris Jansen, Google’s Head of Local News Global Partnerships, announced that the product will be introduced later this summer in collaboration with over 150 news publications, with 90% of them being local or regional….Read More>>
Energy-to-Transport Disparity Heralds Unprecedented Chance to Unlock Growth: Africa Finance Corporation (AFC) State of Africa’s Infrastructure Report
Fox 40 News
Africa has an unprecedented opportunity to accelerate development by aligning its abundant renewable energy resources with solutions for its infrastructure deficiencies. This is a key conclusion from a new annual study on the State of Africa’s Infrastructure initiated by the Africa Finance Corporation. The report highlights critical gaps in key sectors including power, transport, logistics, digital communications, and commodity-based value chains. It aims to quantify the extent of Africa’s infrastructure opportunities and provide strategic guidance for prioritizing investments essential for sustainable growth….Read More>>
U.S.-AFRICA RELATIONS
Kenyan President Ruto’s Visit to Atlanta
U.S Department of State
The United States warmly welcomes President William Ruto and First Lady Rachel Ruto of the Republic of Kenya to Atlanta, Georgia, today. The visit to Atlanta is the first segment of Kenya’s diplomatic engagement with the United States and will be followed by a State Visit to Washington, D.C. on May 23. United States Strategy Toward Sub-Saharan Africa highlights the contribution American cities make to U.S. foreign policy and the mutual benefits of expanded societal exchanges with our African partners. President Ruto’s visit to Atlanta reflects the city’s growing global importance and underscores its central role in America’s progress toward a more inclusive democracy. I welcome President Ruto’s engagements with civic leaders on issues of democratic governance while in Atlanta, as well as his focus on our people-to-people ties, public health partnerships, educational exchanges, investments in shared prosperity, and his engagements with Atlanta’s African Diaspora….Read More>>
Celebrating Progress: Recent Successes in the U.S- Nigeria Partnership
U.S Department of State
A recent series of engagements between the United States and Nigeria highlights the value of partnership between the world’s two most populous presidential democracies. Deputy Secretary Kurt Campbell and Nigerian Foreign Minister Yusuf M. Tuggar have made progress on implementing mutual economic, governance, and security priorities through the April 29-30 U.S.-Nigeria Binational Commission in Abuja, the 16th U.S.-Africa Business Summit from May 6-9 in Dallas, Texas, and Foreign Minister Tuggar’s May 14-17 visit to Washington….Read More>>
ENERGY
Halliburton launches EOI opportunity to support Africa’s oil and gas industry, African Energy Chamber reports
World Oil
According to the African Energy Chamber, Halliburton is inviting eligible local companies to submit an Expression of Interest (EOI) for the supply of goods and services across the oil and gas industry. With various categories available, the EOI aims to assess local interests and capabilities, connecting players to oil and gas projects. Following submissions, a competitive bidding process will lead to the selection of preferred and alternative suppliers. The African Energy Chamber (AEC) says that Halliburton’s EOI will lead to “enhanced participation by African-based companies and service providers and is a testament to the role international companies can play in spearheading local content– even in countries without a dedicated local content law in place.”…Read More>>
Nigeria’s daily crude oil production nearing 1.7 million barrels, says Kyari
OGV Energy
Kyari said the 1.7 million barrels per day was a boost from the 1.28 million barrels reported in April. He disclosed this when he addressed stakeholders at an engagement between the Nigerian Association of Petroleum Explorationists and the NNPCL in Lagos on Saturday. “As of today’s data, we’re inching to 1.7 mbpd. We won’t celebrate this. On 17th of April 2020, our production, without doing anything, without drilling new wells, shot to 2.2 mbpd,” Kyari said. Kyari noted that Nigeria’s crude oil production keeps dropping due to oil theft and vandalism and called for the need to fight insecurity in the oil and gas sector to increase production…Read More>>
Summit On Clean Cooking In Africa: Mega energy reforms beckon
Daily News
EXPERTS are optimistic about President Samia Suluhu Hassan’s visit to Paris, France to co-chair the Summit on Clean Cooking in Africa, saying it is a vital step in stepping up the implementation of the National Clean Energy Strategy. Dr Samia will tomorrow co-chair the summit, organised by the International Energy Agency (IEA), alongside other collaborators, including Norway’s Prime Minister Mr Jonas Store and the President of the African Development Bank (AfDB) Mr Akinwumi Adesina.The summit is centered on three core objectives, namely elevating cooking on the global agenda, mobilising a broader coalition to harness clean cooking energy, developing a roadmap around policies and carbon markets, as well as mobilising financial commitments for clean cooking….Read More>>
HEALTH
Revolutionizing Public Health in Africa: Launch of the African Public Health Institutes Collaborative (APHIC)
Africa CDC
Three global health partners launched a pioneering peer-to-peer learning initiative, the African Public Health Institutes Collaborative (APHIC), at an inaugural meeting in Addis Ababa this week, highlighting the importance of strengthening collaborations across core public health functions to have greater impact by working together….Read More>>
INFRASTRUCTURE
Angola invests in trio of infrastructure projects
African Law & Business
The government of Angola has approved a trio of ambitious projects to the tune of over USD 1.3 billion in the Lobito Corridor. The announcement was made at the Corporate Council on Africa’s US-Africa Business Summit in Dallas on 7 May. The investment marks the largest financing venture yet under the G7’s Partnership for Global Infrastructure and Investment (PGI). It follows last October’s signing of a Memorandum of Understanding (MoU) between Angola, Zambia, the Democratic Republic of Congo (DRC), the European Commission, Africa Finance Corporation and African Development Bank signed in October last year to develop the corridor which links mines in Zambia and DRC with Angola’s Lobito port….Read More>>
AGRIBUSINESS
Bolstering Agriculture Through Insurance in Agricultural Value Chains
The Exchange Africa
Agricultural value chains are multi-faceted industries encompassing farmers, agro-processors, and traders. The resilience of each impacts the entire system. However, the vulnerability of these facets to various risks threatens the stability and sustainability of the whole value chain. Agriculture remains vital in feeding nations and maintaining economic stability in the ever-changing global economies. Despite its immense contribution, it faces a series of challenges. From unpredictable weather patterns to market fluctuations, posing a risk to livelihoods, food security, and economic stability…..Read More>>
Pledges for a stronger Africa Fertilizer Financing Mechanism to increase food production in Africa
African Development Bank Group
African heads of state have committed to supporting the full operationalization of the Africa Fertilizer Financing Mechanism, a step that will empower it to invest in yield-boosting technologies and soil health initiatives, finance infrastructure and logistics to enhance fertilizer availability and market access for Africa’s farmers. The decision, which came during the Africa Fertilizer and Soil Health Summit in Nairobi, is captured in the Nairobi Declaration on the Africa Fertilizer and Soil Health Summit….Read More>>
ICT
What to Expect at GITEX Africa 2024: Cutting-Edge Tech, Insights, and Networking
Morocco World News
GITEX Africa 2024, set to take place between May 29 and 31 in Marrakech, promises to be a landmark event in the continent’s tech landscape. The event is set to welcome 50,000 attendees, who can expect to see an impressive array of major technology players, trending innovations, and diverse verticals. The event will cover crucial sectors including smart cities, cybersecurity, the data economy, mobility, healthcare, and telecommunications, offering a wealth of opportunities to explore, learn, and connect for tech enthusiasts, business leaders, and policy-makers….Read More>>
Digitalisation steering Nigeria to dynamic economic future
ITWeb
In recent years, Nigeria has witnessed massive growth in digitalisation and the impact of mobile connectivity on the West African country’s society and economy cannot be overstated, with the mobile industry accounting for 13.5% of its total GDP last year. It is against this background of visible economic success that the Government?through the Strategic Blueprint of the Federal Ministry of Communications, Innovation, and Digital Economy has identified digitalisation as a key enabler to stabilise and strengthen the macroeconomic environment….Read More>>
FINANCE
South Africa’s Implats Seals $500 Million Black Investor Deal
BNN Bloomberg
Impala Platinum Holdings Ltd. announced a 9 billion rand ($500 million) deal that will result in Black investors holding a 13% interest in the South African mining company and the Bafokeng business it acquired last year. Implants, as the Johannesburg-based company is known, gained control of Royal Bafokeng Platinum Ltd. almost a year ago, following an 18-month takeover battle with Northam Platinum Ltd. Before the takeover battle, the biggest shareholder in RBPlat was the Bafokeng nation, a community of people in South Africa’s North West Province….Read More>>
