(Posted 28th November 2024)
CCA MEMBERS IN THE NEWS
ExxonMobil, Qatar Energy to drill two new wells
Ekathimerini
ExxonMobil, in partnership with Qatar Energy, is planning to drill two more wells in Cyprus’ offshore Blocks 5 and 10 early next year. The announcement came after a meeting between ExxonMobil Vice President John Ardill and Cyprus’ President Nikos Christodoulides, alongside Energy Minister George Papanastasiou.The drilling is part of a larger effort to explore new gas resources in the region. Ardill said the goal is to support Cyprus’ domestic gas supply and potentially liquefied natural gas production…Read More>>
U.S.-AFRICA RELATIONS
Joint Statement on the Inaugural U.S.-Senegal Joint Commission
U.S Department of State
The inaugural session of the U.S.-Senegal Joint Economic Commission was held November 22, 2024, in Washington, D.C. Deputy Secretary of State Kurt Campbell led the U.S. delegation, and Foreign Minister Yacine Fall led the Senegalese delegation.The Commission is built on the shared vision of both parties to promote bilateral economic cooperation, advance investment opportunities, and strengthen business ties. The Commission demonstrates the dedication of the United States and Senegal to bilateral economic cooperation that generates sustainable economic growth and productive bilateral investment for the mutual benefit of the Senegalese and American people…Read More>>
ENERGY
Angola Plans To Start Non-Oil Gas Production In 2025
Energy News Africa
Angola plans to start the production of natural gas not associated with oil, from 2025, through the New Gas Consortium (NCG), the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo has announced as carried by Angola News Agency.The project, to be developed by the consortium made up of operators Sonangol, Azule Energy, TotalEnergies and Cabinda Gulf, will allow the creation of 400 new jobs, during the construction phase of the respective platforms, as well as a further 300 jobs, during the construction of the onshore gas treatment plant, in the municipality of Soyo (Zaire province)…Read More>>
Bawumia to launch electric bus pilot programme in Accra
Graphic Online
Vice President Dr. Mahamudu Bawumia is set to inaugurate Ghana’s first fleet of electric buses (EVs) on Wednesday (November 27), marking a step toward modernising the country’s public transportation system.The buses, which have recently arrived in Accra, will undergo test operations beginning this week…Read More>>
Ethiopia launches HPV vaccination program to combat cervical cancer
Capital Ethiopia
Ethiopia is taking significant steps to combat cervical cancer, a disease that claims the lives of more than 5,000 people annually in the country. In a bid to reduce these alarming statistics, the Ministry of Health (MoH) has announced the launch of a comprehensive HPV vaccination program, marking a pivotal milestone in the fight against cervical cancer.Mekeds Daba Minister of Health stated, “Ethiopia is losing more than 5,000 people to cervical cancer every year,” emphasizing the urgent need for preventive measures. The human papillomavirus (HPV) is recognized as the leading cause of cervical cancer and other related diseases, making its elimination a critical objective for public health in Ethiopia, especially given the heightened risk among women living with HIV….Read more>>
Zimbabwe commits to boost domestic health financing
World Health Organization Zimbabwe
Zimbabwe has taken a significant step towards strengthening its health system by committing to increase domestic financing through a health levy, a sugar tax, establishment of National Health Insurance and other initiatives. This commitment was made during a three-day national dialogue on health financing, aimed at exploring sustainable strategies to improve the country’s health sector which brought together key stakeholders, including government officials, healthcare providers, civil society organizations, and international experts, to discuss innovative approaches to bolstering financing to the country’s health system.Finance, Economic Development and Investment Promotion Deputy Minister Kudakwashe Mnangagwa announced $10 million through the Health Levy and $18 million through a sugar tax has been raised to date. These funds are intended to strengthen the country’s health system and improve access to healthcare for all citizens….Read More>>
INFRASTRUCTURE
Uganda Resurrects SGR Rail Project in Tororo
All Africa
Tororo — Construction works on the delayed Standard Gauge Railway (SGR) in Uganda have been commissioned by President Yoweri Museveni. The project connecting the SGR from Tororo to Kampala is expected to run for 48 months.The works on the 272-kilometre railway project will be undertaken by the Turkish construction firm, Yapi Merkezi (in joint venture with YM Global), which signed the contract with the government in mid-October…Read More>>
AGRIBUSINESS
SA’s canola harvest reaches record levels in 2024
BizCommunity
The Western and Southern Cape, along with the Overberg, are alive with the vibrant golden fields of a record-breaking canola harvest. This year’s yields, boosted by favourable weather conditions, are setting new standards for South Africa’s agricultural sector.With a record 145,000 hectares of canola planted across the country, chief economist Wandile Sihlobo of Agbiz stated: “South Africa’s 2024-25 canola production is forecast at 294,000 tonnes, up 25% year-on-year, making this the largest harvest on record.”…Read More>>
ICT
Pioneering Partnership: eFinance and Cassava Technologies Target Pan-African Growth
IT News Africa
eFinance Investment Group and Cassava Technologies have entered into a strategic agreement to explore collaborative opportunities and drive joint expansion across Africa. The partnership was formalized during the 28th Cairo ICT Exhibition and Conference, held under the patronage of President Abdel Fattah El-Sisi.The collaboration aims to harness the unique strengths of both organizations. Cassava Technologies will contribute its extensive footprint, robust infrastructure, and deep expertise across Africa, while eFinance will leverage its strong market presence and leadership in digital transformation within Egypt…Read More>>
UAC Launches 1879 Tech Hub to Propel Digital Innovation Across Africa
Tech In Africa News
Nigeria has unveiled the 1879 Tech Hub, a groundbreaking initiative designed to drive digital innovation and integrate technology into the heart of African businesses.The hub, named after UAC’s founding year, reflects the company’s dedication to harnessing technology as a catalyst for growth and sustainability.Fola Aiyesimoju, Group Managing Director of UAC Nigeria, highlighted that the initiative aligns with two of the company’s core values: people and technology…Read More>>
FINANCE
Safaricom to launch second money market fund
IT Web
Kenya’s leading telco Safaricom has received regulatory approval from the country’s Capital Market Authority (CMA) to launch its second money market product.Known as Zidi, the product will be offered in partnership with three fund managers, Standard Investment Bank, ALA Capital Limited, and Sanlam Investments East Africa Limited.The fund will be accessible through the M-PESA platform, making it convenient for subscribers to grow wealth through the capital markets….Read More>>
