(Posted 01st August 2024)
CCA IN THE NEWS
Export-Import Bank of the United States Board of Directors Announces Members of the EXIM 2024-2025 Advisory Committee and Sub-Saharan Africa Advisory Committee
Export-Import Bank of the United States
Washington, DC – The Export-Import Bank of the United States (EXIM) announced the membership of its 2024-2025 Advisory and Sub-Saharan Africa Advisory Committees yesterday in an open meeting. The EXIM Board of Directors voted unanimously to approve the membership of both mandated committees. Peter Harrell, former Special Assistant to the President and Senior Director for International Economics and Competitiveness will serve as Chair of EXIM’s Advisory Committee and Jude Kearney, Managing Partner at ASAFO & Co. law firm, will service as Chair of the Sub-Saharan Africa Advisory Committee…Read More>>
Export-Import Bank of the United States Board of Directors Announces Members of the EXIM 2024-2025 Advisory Committee and Sub-Saharan Africa Advisory Committee
Export-Import Bank of the United States
Washington, DC – The Export-Import Bank of the United States (EXIM) announced the membership of its 2024-2025 Advisory and Sub-Saharan Africa Advisory Committees yesterday in an open meeting. The EXIM Board of Directors voted unanimously to approve the membership of both mandated committees. Peter Harrell, former Special Assistant to the President and Senior Director for International Economics and Competitiveness will serve as Chair of EXIM’s Advisory Committee and Jude Kearney, Managing Partner at ASAFO & Co. law firm, will service as Chair of the Sub-Saharan Africa Advisory Committee…Read More>>
CCA MEMBERS IN THE NEWS
Standard Bank Highlights Mutual Partnerships, Economic Opportunities At AGOA Private Sector Forum
Africa.com
Speaking on Tuesday at the AGOA Private Sector Forum, Anne Aliker, Head Client Coverage, Corporate and Investment Banking, Standard Bank extolled the value of international trade and infrastructure investments, highlighting the vast potential for mutual partnerships and prospects for economic development… Read More>>
Google boosts Africa’s AI startups with new accelerator cohort
The Sun Nigeria
Google has announced the selection of 10 startups for its 8th cohort of the Google for startups Accelerator Africa programne. This year’s class showcases the continent’s burgeoning AI talent, with a strong focus on leveraging advanced technologies to address Africa’s most pressing challenges… Read More>>
U.S.-AFRICA RELATIONS
US Injects $81 Million Into Senegal’s Hospitality Industry
Bloomberg
US has injected $81 million in Senegal’s hospitality industry as it backs a government plan to boost tourism’s contribution in the economy…. Read more>>
Africa: Biden Administration Wants ‘Modernization, Re-authorization’ of U.S.-Africa Trade
allAfrica.com
Monrovia — The administration of U.S. President Joe Biden has expressed its continued commitment to the African Growth and Opportunity Act, the U.S. program for sub-Saharan nations to access American markets with thousands of products from the continent. The commitment, made at the 21st AGOA Forum in Washington D.C. earlier this month, is the latest attempt to renew the U.S. legislation that has bolstered trade relations with Africa…. Read More>>
United States and Kenya to Hold Seventh Negotiating Round Under the Strategic Trade and Investment Partnership
Office of the United States Trade Representative
WASHINGTON – The United States and Kenya will hold a seventh negotiating round under the Strategic Trade and Investment Partnership (STIP) in Nairobi, Kenya from August 5-9, 2024. The U.S. delegation will be led by Assistant U.S. Trade Representative Constance Hamilton. The Kenyan delegation will be led by Principal Secretary for Trade Alfred K’Ombudo…. Read More>>
President Biden Announces Presidential Delegation to the Islamic Republic of Mauritania to Attend the Inauguration of His Excellency Mohamed Ould Cheikh Ghazouani
The White House
President Joseph R. Biden, Jr. today announced the designation of a Presidential Delegation to the Islamic Republic of Mauritania to attend the Inauguration of His Excellency Mohamed Ould Cheikh Ghazouani on August 1, 2024 in Nouakchott…Read More>>
ENERGY
Renewables: TotalEnergies Acquires a Portfolio of Hydropower Projects in Africa to Deploy its Multi-Energy Strategy
Business Wire
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement with Scatec, a Norwegian renewable energy company, to acquire 100% of its subsidiary SN Power, which holds interests in renewable hydropower projects in Africa, through a joint venture (51% SN Power) with Norfund and British International Investment (BII)…Read More>>
Angola’s Cabinda refinery ready to start up by year-end
Reuters
Angola’s new Cabinda crude oil refinery is on track to start up later this year before ramping up to full first phase production of 30,000 barrels a day by July next year, the plant’s Chief Executive Marcelo Hofke said on Thursday… Read More>>
African Energy Week (AEW) 2024 Positions Women at Center of Africa’s Energy Transformation
Africa.com
African Energy Week (AEW) (www.AECWeek.com): Invest in African Energy 2024 will feature the Transformative Impact of Women in Energy forum – hosted by the African Women Business Energy Network (AWBEN) – on November 7 in Cape Town. This forum will highlight African female policymakers, businesswomen and entrepreneurs who are leading innovative energy projects and driving economic transformation across the continent…Read More>>
Kenya: Plans to Extend Oil Pipeline From Eldoret to Kampala Ongoing
allAfrica.com
Kenya and Uganda have held discussions on the possible extension of the petroleum products pipeline from Eldoret to Kampala, Uganda. This follows a meeting that was held last week between Uganda’s Minister of Energy and Mineral Development Ruth Ssentamu and Kenya’s Ministry of Energy officials led by State Department for Petroleum PS Mohammed Liban… Read More>>
HEALTH
Africa is beating HIV. But the rest of the world is falling behind.
Vox
More than a million people were newly infected with HIV last year, adding to the nearly 40 million people currently living with the disease. But for the first time since 1981, when the disease first emerged, the majority of new HIV infections occurred outside of sub-Saharan Africa… Read More>>
Enugu, investors seal $300m Africa Medical City deal
The Sun
Enugu State government and a group of Nigerians in the diaspora have sealed a deal to build an over $300 million state-of-the-art medical city in the state. The medical city, which would play in all the value chain of medical services to make Enugu State the hub of medical tourism on the African continent, will see the state provide 100 hectres of land in consideration for which it would get a 10 per cent equity stake in the Special Purpose Vehicle, SPV, for the development…Read More>>
Africa CDC and Africa Public Health Foundation Forge Strategic Partnership to Strengthen Health Systems
Africa CDC
The Africa Centres for Disease Control and Prevention (Africa CDC) and Africa Public Health Foundation (APHF) have signed an agreement to support strengthening health systems in Africa Union Member States…Read More>>
INFRASTRUCTURE
AfDB offers Morocco $260 million in loans for port project, governance
Reuters
The African Development Bank (AfDB) said on Friday it offered Morocco two loans each worth 120 million euros ($130 million) to finance an industrial zone in a northeastern port and to improve economic governance in the country… Read More>>
Malawi welcomes first fuel train in two decades
Voice of America
A trainload of diesel fuel has arrived in Malawi for the first time in 21 years, signaling the end of fuel shortages. Malawian authorities said the arrival Tuesday marked the beginning of regular fuel transport to the country on a newly refurbished rail line from the Indian Ocean port of Nacala in Mozambique… Read More>>
AGRIBUSINESS
E.U launches digital platform to boost investment in Nigeria’s agribusiness sector
The Sun Nigeria
The European Union Delegation to Nigeria and Economic and Community of West Africa State (ECOWAS), yesterday launched the EU-Nigeria Agribusiness Platform, targeted at increasing private investments in the country’s agribusiness sector… Read More>>
ICT
Africa Data Centres adding 6MW capacity in Cape Town
Connecting Africa
Africa Data Centres, a business of pan-African technology group Cassava Technologies, has announced it is expanding its data center facility (CPT1) in Cape Town, South Africa, to add another 6MW of IT load, effectively doubling its current capacity in the city… Read More>>
AU recognises female innovators using technology to transform the education sector in Africa
African Union
The AU Continental Education Strategy for Africa (CESA) recognises information, communication and technology (ICT) as a major tool for empowering graduates and ensuring they contribute to social economic development by ensuring they not only have universal access but also ensuring they enhance the quality of provision and delivery, of services. ICT opens up possibilities for innovation, entrepreneurship and employability; flexibility in pedagogies; beating the limitation of time and space for varied learner needs; and enhancing confidence and dignity of graduates at all levels… Read More>>
Meet The African Technology Firm That Underpins The Tour De France
Forbes
On the brutal stage 19 of the Tour de France, eventual winner Tadej Poga?ar was two minutes and 23 seconds behind the stage leader with 5 miles (8km) to go…Read More>>
FINANCE
Helios raises initial $200 mln for Africa-focused climate fund
Reuters
Helios Investment Partners has raised an initial $200 million for climate mitigation and adaptation projects with the backing of Britain’s development finance institution, the European Investment Bank and other climate investors. Other investors in the Helios Climate, Energy Access, and Resilience (CLEAR) Fund, which aims to raise $400 million and become the largest Africa-focused climate fund, included the Dutch development bank, the partners said in a statement…Read More>>
IMF Support Helps Ethiopia Unlock $16.6 Billion From World Bank
Bloomberg
The World Bank pledged $16.6 billion of funding to Ethiopia over three years, providing a fillip to eastern Africa’s biggest economy as it restructures its debt and opens up the nation to foreign investors… Read More>>
Ethiopia adopts market-based foreign exchange system, devalues birr
The East African
The National Bank of Ethiopia (NBE) has decided to allow market forces to determine the value of its currency, the birr, and eased restrictions on the amount of foreign currency held by commercial banks and exporters as part of a raft of measures to increase the supply of dollars and boost economic activity in a country plagued by rising inflation and severe hard currency shortages… Read More >>
African Development Bank approves $79 million loan to boost Angola’s youth employment in agriculture and transportation
African Development Bank
The Board of Directors of the African Development Bank Group has approved a loan of $79.08 million to the Republic of Angola to promote youth entrepreneurship and employment in the agriculture and transport sectors… Read More>>
