(Posted 27th June 2024)
CCA IN THE NEWS
John Olajide: From the Lagos slum to Texas business royalty
The Africa Report
The Corporate Council on Africa’s first African-born chairman looks to bridge the gap between the United States and his continent. John Olajide, a Texan millionaire born in Nigeria, came full circle at the Corporate Council on Africa (CCA) US-Africa Business Summit in Dallas….Read More>>
CCA MEMBERS IN THE NEWS
Ethiopian Airlines wins Skytrax’s Best Airline in Africa title
Times Aerospace
Ethiopian Airlines keeps its top spot as the Best Airline in Africa and three other categories at the 2024 SKYTRAX World Airlines Award…Read More>>
Axxess and SimiTree Partner to Launch Platforms to Empower Home Health and Hospice Growth
PR Newswire
Axxess, the leading global technology innovator for healthcare at home, and SimiTree, a revenue cycle, coding, professional services, and talent management resource for post-acute and behavioral health organizations, today announced the launch of two new products designed to provide Axxess’ home health and hospice clients with even more valuable insights to strategically plan and drive growth….Read More>
U.S.-AFRICA RELATIONS
Assistant Secretary for African Affairs Molly Phee Travels to Minneapolis, Minnesota for Global Minnesota
U.S Department of State
Assistant Secretary of State for African Affairs Molly Phee is traveling to Minneapolis, Minnesota, June 23-25 to participate in a series of events focused on the importance of U.S. – Africa relations organized by Global Minnesota. During the visit, she will also speak at the East Africa Leadership Summit, a conference hosted by the Minnesota Institute of Horn of Africa Studies that will bring together the diverse community of East African diaspora Minnesotans…Read More>>
US Govt To Support Kenya’s Clean Energy Transition
Capital FM
The United States Department of Energy has revealed investment plans for Kenya’s green energy transition, focusing on e-mobility and the clean power generation sector.Deputy Secretary of the United States Department of Energy David Turk affirmed that the country has great potential for the generation of clean energy, which attracts possible investments from the federal state…Read More>>
ENERGY
Govt to connect 54000 new customers in rural electricity access project
Nile Post
Government is targeting to connect 54000 new customers under the Uganda Rural Electricity Access Project (UREAP) before it ends by December, 31.According to the project coordinator Samuel Bishop 87,450 households at 981 villages have so far been connected to the National grid under this project supported by African Development Bank and the European Union…..Read More>>
Affordable Solar Power is Increasing Electricity Access for Malawi’s Households
The World Bank Group
As the sun sets in most villages in Malawi, the dawn of darkness is also the dawn of anxiety for women, men, children, and particularly school-going children. Only 23% of Malawi’s population has access to electricity.Many households must rely on battery-powered torches, candles, and kerosene lamps for lighting inside the house. The struggle for families to function in a dark house, just to locate things inside the house, is unimaginable, let alone maintaining security and performing food preparation….Read More>>
South Africa’s New Government Needs Reliable Energy
The Heritage Foundation
What’s the biggest challenge for the African National Congress and its new coalition government now that the ANC has won less than 50 percent of the vote for the first time in thirty years? Most likely it’s ensuring reliable energy supplies, which are necessary for reducing unemployment and reviving the country’s manufacturing sector….Read more>>
HEALTH
Sudan Continuously Strengthen Its Partnership With Unicef to Achieve Health Goals
All Africa
Acting Federal Minister of Health, Dr. Haitham Muhammad Ibrahim, said that Sudan is continuing to strengthen its partnership with UNICEF in order to achieve the joint health goals, referring to the importance of the UNICEF effective cooperation and its role in supporting efforts aiming at advancing the health sector and its sustainability at various levels, particularly through joint efforts to combat diseases and epidemics and the importance of continuing vaccination for children in a way that preserves human health and protects community safety….Read More>>
Afreximbank pledge $2bn to Africa Health Security Plan
Independent
Afreximbank and the Africa Centers for Disease Control and Prevention have announced a new cooperation agreement at the Global Forum for Vaccine Sovereignty and Innovation in Paris, France. Under this partnership, Afreximbank has committed a $2 billion facility to the “Africa Health Security Investment Plan,” aimed at bolstering the continent’s health product manufacturing capabilities….Read More>>
INFRASTRUCTURE
African Development Bank and Infrastructure Credit Guarantee Company Limited sign $15 million agreement to enhance infrastructure financing
African Development Bank Group
The African Development Bank and Infrastructure Credit Guarantee Company Limited (InfraCredit) have signed an agreement for a $15 million subordinated loan facility to strengthen InfraCredit’s capital base and attract institutional investors’ resources to help close Nigeria’s infrastructure financing gap.Lamin Barrow, Director General of the African Development Bank’s Nigeria Country Department, and Chinua Azubike, CEO of InfraCredit, signed the agreement in Lagos on 14 June 2024…Read More>>
AGRIBUSINESS
Inside Rwanda’s U.S.$5.4 Billion Agriculture Strategic Plan
All Africa
The government is set to implement a five-year agriculture strategic plan expected to need an estimated Rwf6.988 trillion (or approx. $5.4 billion) to achieve the set targets to increase sector growth, address malnutrition, and double the country’s agricultural export revenues, among other outcomes, it has emerged.Of that funding, the government (with financing including loans) is expected to contribute more than Rwf3.3 trillion or 47 per cent of the total amount, while the private sector and grants will contribute 53 per cent, or more than Rwf3.68 trillion, according to information from the Ministry of Agriculture and Animal Resources….Read More>>
ICT
Unified Payment unveils PTSA platform to boost e-payment
Vanguard
Unified Payment Services Limited has said that its Payment Terminal Service Aggregator, PTSA, platform has commenced operations and will collaborate with stakeholders to facilitate growth of electronic payment transactions in the country….Read More>>
How Rwanda is regulating artificial intelligence
New Times
Artificial Intelligence (AI) is transforming industries and societies worldwide, and Rwanda is no exception. As the country embraces AI to drive economic growth and innovation, the government is taking proactive steps to regulate the technology, ensuring it is developed and deployed responsibly and ethically. Victor Muvunyi, Senior Technologist at the Ministry of ICT and Innovation (MINICT), told The New Times that Rwanda has developed a National AI Policy aimed at guiding the responsible development and use of AI….Read More>>
Lagos Govt Signs Pact On Digital Health Technology
Leadership
Lagos State government has signed a concession agreement for the implementation of the Smart Health Information Platform (SHIP) in the state. SHIP is a digital health technology aimed at providing precise, faster, and smarter healthcare services in all medical facilities, in line with the state’s Health and Environment mandate.
The state governor, Mr. Babajide Sanwo-Olu supervised the signing of the agreement on Tuesday at the State House, Marina….Read More>>
FINANCE
IMF approves over $900 mln to support Tanzania budget, climate change fight
CNBC Africa
The IMF said on Thursday its executive board approved funding for Tanzania of $786.2 million to help tackle climate change while also completing a separate review allowing for the disbursement of $149.4 million for budget support.Tanzanian authorities are committed to continue implementing reforms to preserve macro-financial stability, strengthen economic recovery, and promote sustainable and inclusive growth, the International Monetary Fund said in a statement…Read More>>
