(Posted 06th June 2024)
CCA IN THE NEWS
Africa Calling – Podcast on Spotify
Frontier Markets
Florizelle Liser, the head of the US-based Corporate Council on Africa, joins us to talk about new opportunities emerging for American companies to invest into Africa. She also shares some unique insights about investment trends—and how to tap into funding from development finance institutions…Listen>>
CCA MEMBERS IN THE NEWS
Pfizer celebrates 175 years of dedication to scientific exploration and patient-focused advancements
ahramonline
In this interview, Pfizer’s Regional President for the Middle East, Russia, and Africa (MERA), Patrick van der Loo, reveals the company’s unwavering commitment to innovation in medicines, vaccines, and supply chains.”We have been operating in Egypt for over 60 years and will continue to support the government’s efforts in transforming the healthcare sector for the well-being of the Egyptian population, in line with the Strategic Objectives for Health to 2030. The Africa Health ExCon positions Egypt as a hub for healthcare in Africa…Read More>>
U.S.-AFRICA RELATIONS
Africa: A Broader View of Eximbank’s Activity and Achievements in Africa
allAfrica
The undersigned are members of the U.S. Export Import Bank (Eximbank) Sub-Sahara Africa Advisory Committee (SAAC), an outside advisory body made up of professionals who in each instance has extensive experience in U.S.-Africa trade, investment and development policy and/or diplomacy relating to the African continent. We are prompted to submit this letter by an article that appeared in Bloomberg News on May 15 detailing a report from the Eximbank Inspector General. Among other findings, the report – Evaluation of EXIMBANK’s Sub-Saharan Africa Mandate – faults the bank’s current leadership in regards to certain of Eximbank’s Africa activities…Read More>>
ENERGY
APPO, Afreximbank sign establishment agreement for Africa Energy Bank with $5bn capital
Daily News Egypt
African Export-Import Bank (Afreximbank) and the Africa Petroleum Producers’ Organisation (APPO) have made history by signing the Establishment Agreement and the Charter of the Africa Energy Bank (AEB). The signing ceremony took place at Egypt’s Ministry of Petroleum and Mineral Resources. Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources, hosted the event and witnessed the signing. Benedict Oramah, President and Chairman of the Board of Directors at Afreximbank, and Omar Farouk Ibrahim, Secretary General of APPO, signed the Establishment Agreement and the Charter on behalf of their respective institutions…Read More>>
Eco Atlantic Farms Into Block 1 Offshore South Africa
OGV Energy
Eco (Atlantic) Oil & Gas Ltd. the oil and gas exploration company focused on the offshore Atlantic Margins, announces the Farm-In into Block 1 Offshore South Africa Orange Basin. Through its 100% owned subsidiary Azinam South Africa Limited (“Azinam”), the Company will farm-in and acquire a 75% Working Interest (“WI”) from Tosaco Energy (Proprietary) Limited (“Tosaco”) and will become Operator of a new Exploration Right (the “Acquisition”). Tosaco intends to transfer its remaining 25% Interest to OrangeBasin Oil and Gas (Proprietary) Limited – a newly formed South African entity with a Broad-Based Black Economic Empowerment (“B-BBEE”) rating…Read More>>
HEALTH
Africa CDC, Mastercard Foundation strengthen Africa’s health system
Premium Times Nigeria
It might be right to say that the emergence of the COVID-19 pandemic, though devastating was a blessing in disguise to Africa going by the efforts of the Africa Centre for Disease Control and Prevention (Africa CDC) and Mastercard Foundation continue. The two organisations have continued to play vital roles since the declaration of the end of the pandemic as an emergency by the World Health Organization (WHO). Both organisations have been relentless in their commitment to strengthening health systems in Africa and enhancing the response to vaccine-preventable diseases. Recently, the Africa CDC, in collaboration with the Mastercard Foundation under the Saving Lives and Livelihoods initiative made its biggest equipment donation valued at over USD3.5 million to Nigeria…Read More>>
INFRASTRUCTURE
Danfoss urges Africa to focus on sustainable cold-chain infrastructure
The Africa Logistics
With around 14% of food worldwide lost due to a lack of effective refrigeration, enough to feed 1 billion people, Danfoss is calling for more attention on the need to establish sustainable and energy-efficient cold-chain infrastructure. The required investments in sustainable cold chains are even more evident in Sub-Saharan Africa where up to 40% of food is lost between farms and markets, with two-thirds of this in the first mile. The need to spur on global action on energy efficiency will be one of the focuses of the International Energy Agency’s (IEA) 9th Annual Global Conference on Energy Efficiency, taking place in Nairobi, Kenya this week…Read More>>
AGRIBUSINESS
1,000 youths set to be trained in agribusiness for 15 weeks
The Star Kenya
Yara East Africa has launched its second Leadership programme that targets to train 1,000 youth on agribusiness skills. MSMEs and Cooperative CS Simon Chelugui said the government is working with the probate sector to scale up the impact in the agribusiness space through infrastructure. The CS spoke during the launch of the 2024 Yara Leadership programme for agri-entrepreneurs involved in stocking and distribution of farm inputs. “This will help promote specific value chains, and enhance market linkages through trade fairs. In addition to leveraging on digitising businesses to enhance e-commerce, financial linkages to the open market credit system and policy development and enhancement,” he said…Read More>>
Yola Fresh banks $7m to end smallholder farmer reliance on middlemen and boost access to fair pricing
Ag Funder News
Morocco-based Yola Fresh recently secured $7 million in pre-Series A funding for its platform that streamlines the market linkage between smallholder farmers and retailers. Al Mada Ventures led the round with participation from Algebra Ventures, E3 Capital, Janngo Capital, and Dutch entrepreneurial development bank FMO. Yola Fresh will use the new funding to expand its logistics network and bolster its technology offering…Read More>>
ICT
Economic Community of West African States (ECOWAS) High-Level Mission to Guinea to discuss the development of the Amilcar Cabral Submarine Information Technology (IT) Cable project
Africa.com
The Amilcar Cabral IT cable project aims to connect Cabo Verde, The Gambia, Guinea, Guinea-Bissau, Liberia, and Sierra Leone through a submarine cable network. The objectives of the project are to enhance international telecommunications capacity, improve access to digital services and provide essential redundancy to guarantee broadband internet resilience. Within the scope of the project development, an ECOWAS delegation, led by Mr. Sediko DOUKA, the Honorable Commissioner for Infrastructure, Energy and Digitalization undertook a mission on 3rd of June 2024 to Conakry in the Republic of Guinea…Read More>>
Zambia champions AI in national development plan
CAJNewsAfrica
Zambia is intensifying the integration of artificial intelligence (AI) into its National Development Plan (NDP). This excitement builds in the Southern African country as it prepares for the upcoming Future of AI in Africa 2024 Global Summit and Expo. It is scheduled for June 25-27 in the capital Lusaka. Minister of Science and Technology, Felix Mutati, highlighted that integrating AI would boost all key sectors identified in the 8th NDP, a plan that prioritises the growth and development of agriculture, mining, manufacturing and tourism. “AI applications can revolutionize agriculture by optimizing crop yields, identifying plant diseases early on, and promoting sustainable water management,” Mutati explained…Read More>>
FINANCE
IT News Africa Announces Digital Finance Africa 2024: A Crucial Summit for FinTech Innovation
IT News Africa
Africa’s financial sector gears up for IT News Africa’s highly anticipated Digital Finance Africa 2024 conference, scheduled for July 4th at the prestigious Maslow Sandton. Under the theme “Empowering Africa’s Financial Future: FinTech Innovations for Inclusive Growth,” this year’s event promises a day of strategic insights and networking opportunities. Abe Wakama, CEO of IT News Africa, highlighted the significance of this gathering, stating,”Digital Finance Africa 2024 is more than just a conference; it’s a pivotal gathering for Africa’s financial sector. As we convene on July 4th in Johannesburg, we’re not only addressing critical challenges but also exploring the vast opportunities within banking and FinTech across the continent…Read More>
CCA PARTNER EVENT
Corporate Council on Africa (CCA) is excited to announce our sponsorship of the fourth annual Africa Investment Risk and Compliance (AIRC) Summit, scheduled to convene in Washington, D.C. on June 27-28, 2024. This premier event, hosted by the EBII Group, brings together key stakeholders from across Africa and the globe to address critical aspects of environmental sustainability, financial integrity, and responsible resource management in Africa’s extractive industries.
CCA Members and Partners can take advantage of a 15% discount on ticket purchases.
Discount Code: Special272806…Register Now>>
