Corporate Council on Africa’s latest news

 

(Posted 05th September 2024)

 

CCA MEMBERS IN THE NEWS

Flutterwave secures Payment Systems Operator license in Uganda

IBS Intelligence
Flutterwave has received a Payment Systems Operator (PSO) license from the Bank of Uganda, marking a significant boost in its expansion in Africa.Uganda’s digital payment landscape is transforming, driven by a youthful and vibrant population — over 78% of its citizens are under the age of 35. This demographic presents an unprecedented opportunity to advance economic growth through enhanced financial inclusion and digital innovation…Read More>>

Axxess Partners With Transcend Strategy Group to Offer Growth Strategy Consulting to Clients
PR New-wire
Axxess, the leading global technology innovator for healthcare at home, has partnered with Transcend Strategy Group, a leading provider of growth strategy consulting, to offer Axxess clients affordable, cutting-edge consulting services designed to accelerate their growth and expand their market presence.This collaboration enables Axxess clients to tap into a broad range of services, including GRO™ assessment, market research, strategic planning, sales strategy, branding and marketing, and recruitment and retention. These services are designed to make best business practices accessible to growth-minded home care companies, so more people have access to the best possible care…Read More>>

U.S.-AFRICA RELATIONS
US-Backed Angola Rail Plan Gets $200M From Regional Development Bank
Daba Finance
The Development Bank of Southern Africa (DBSA) has approved up to $200 million in financing for the Lobito corridor rail project, a US-backed initiative aimed at transporting critical minerals from Central Africa’s copper belt to Angola’s Atlantic port. The project, supported by the US International Development Finance Corp with $553 million in funding, is integral to facilitating the export of essential minerals like copper and cobalt, crucial for renewable energy technologies…Read More>>

Bill Gates visits Nigeria to promote innovation in nutrition, health

Premium Times Nigeria
Bill Gates, co-chair of the Bill & Melinda Gates Foundation, arrived in Nigeria on Monday as part of a broader push by the foundation to support development initiatives across Africa.According to a statement by the foundation, the visit is aimed at bolstering efforts in key sectors such as health, agriculture, and nutrition…Read More>>

Kumba to Invest Additional R7.6bn in Technology to Triple Output of High-Quality Iron Ore
All Africa
Anglo American unit Kumba Iron Ore said on Thursday that it planned to invest an additional R7.6-billion in a processing technology that it says will treble the proportion of high-quality iron ore it produces and lift its earnings. Anglo American and its stable of companies are always keen on cutting-edge science and technology, and Kumba’s latest announcement follows this pattern…Read More>>

ENERGY
Uganda Invites Diaspora to Engage in Oil and Energy Sector Growth
All Africa
Speaking at the 36th annual Ugandan North America Association (UNAA) convention in Washington DC, the Minister for Energy and Mineral Development, Ruth Nankabirwa, emphasized the importance of the diaspora’s involvement in this critical industry.
In her keynote address, Nankabirwa highlighted the progress made in Uganda’s oil and energy sector and invited Ugandans in the diaspora to take a keen interest in the opportunities it presents….Read More>>

HEALTH
Motsoaledi to open Pharmacists International Federation Congress
South African Government News Agency
South Africa is hosting the first-ever International Pharmaceutical Federation (FIP) Congress in sub-Saharan Africa. The four-day congress, which kick-started on Sunday, 1 September 2024, is also part of the Pharmacy Month commemorative activities to raise patient awareness of the vital role pharmacists can play in the community’s healthcare and to improve communication between patients and pharmacists and pharmacy support personnel…Read More>>

AU Commends Ethiopia’s Nutrition Strategy to Ensure Wellbeing of Adolescents, Youth 
Reliable News Source
Health, Humanitarian Affairs and Social Development Commissioner at the African Union (AU), Minata Samate Cessouma commended the government of Ethiopia for championing the continental adolescent nutrition campaign.The commissioner made the remark at the opening of a three day national health forum in Addis Ababa today that brought adolescents and youth across the regional states and city administrations of the country…Read More>>

INFRASTRUCTURE

RDC Secretariate Assesses Govt Projects in Bugisu
All Africa
In an effort to enhance oversight and accountability, senior officials from the President’s Office have embarked on a rigorous assessment of government projects in Eastern Uganda, focusing on the Bugisu sub-region.Over the past week, Dr. Sister Mary Grace Akiror and Maj. Martha Asiimwe, both commissioners from the President’s Office, have led inspections of various critical infrastructure and development initiatives in the area.The inspection tour covered key projects such as the Manafwa Piped Water Project (valued at shs 9 billion), Sisuni Seed Secondary School (shs 2.5 billion), Bugaboo Health Center IV in Manafwa District, Bududa Health Centre III, and the Parish Development Model (PDM) beneficiaries in Bududa District…Read More>>

AGRIBUSINESS
Experts discuss roles of mobile technology, media in achieving climate-resilient agriculture in Nigeria
Premium Times Nigeria
Relevant Agricultural and Climate Change experts met in Abuja to discuss the roles of mobile technology and media in achieving climate-resilient agriculture and inclusive climate action.This is amidst the devastating impacts of extreme weather events (flooding, drought) on food production, women and People Living with Disabilities (PWD) in the country…Read More>>

Building up on past successes, Rwanda and IFAD step up investments in sustainable and productive food systems
IFAD
With adaptation finance needs estimated at about US$ 50 billion a year for Sub-Saharan Africa, the UN’s International Fund for Agricultural Development (IFAD) and the Government of Rwanda are playing their part by launching the Rwanda Dairy Development Project (RDDP) phase II.The US$ 100.37 million project will build on the successes of the previous phase by scaling up sustainable interventions along the dairy value chain that improves efficiencies, access to markets, nutrition, increase productivity and reduce poverty for rural poor households in 27 districts in Rwanda over the next six years….Read More>>

Sh100M Digital Platform to Slash Post-Harvest Losses

Business Day Africa
Farmers dealing in dairy, maize and potatoes in four counties are set to benefit from a digital platform that reduces post-harvest losses through linking them with potential buyers.The Sh105 million ($815,000) platform developed by the Cooperative University of Kenya (CUK) is designed to assist farmers in cooperative societies monitor real time market prices and sales…Read More>>

ICT
LTA, CBL Forge Partnership to Boost Digital Economy
Liberian Observer
In a significant step toward advancing Liberia’s digital economy and ensuring compliance with national regulations, the Liberia Telecommunications Authority (LTA) and the Central Bank of Liberia (CBL) have formalized a partnership through the signing of a Memorandum of Understanding (MOU).This agreement establishes a collaborative framework aimed at enhancing financial transactions via telecommunications services while maintaining the statutory independence and authority of both institutions…Read More>>

Ghana Launches National Cyber Security Awareness Month Focused on Combating Misinformation
Tech Africa News
The Minister for Communication and Digitalisation, Mrs. Ursula Owusu-Ekuful, has officially launched the National Cyber Security Awareness Month (NCSAM) for this year, urging the media to utilize its vast platforms and networks to heighten awareness about the risks associated with cyberspace.This year’s NCSAM is themed “Combating Misinformation/Disinformation in a Digitally Resilient Democracy; Our Collective Responsibility” and aims to spotlight the widespread issue of misinformation and disinformation, particularly their potential to undermine electoral integrity, peace, and security….Read More>>

AFS Forum: Farmers, experts make case for increased soil testing technology
The New Times
Agricultural experts and farmers have made a case for increased finance to scale up soil health testing technology as a way of ensuring that fertilizers and seeds are applied on land that is suitable for them.The call was made on Monday, September 2, at the Africa Food Systems Forum in Kigali, where over 5,000 delegates gathered to discuss agriculture and ways to improve food security in week-long deliberations…Read More>>

FINANCE
South African rand hits new 13-month high on signs of economic turnaround
CNBC Africa
South Africa’s rand strengthened to a fresh 13-month high on Friday, supported by improved investor sentiment on signs the domestic economy is starting to gain momentum.At 0935 GMT, the rand was 0.7% higher at 17.63 per dollar. It earlier hit 17.5950 against the greenback, a level not seen since late July 2023.The rand’s gains come ahead of U.S. core personal consumption expenditure data, a key inflation reading, later on Friday that could cement bets on a Federal Reserve interest rate cut next month….Read More>>

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