Corporate Council on Africa’s latest news

The United States Announces More Than $1 Billion in Humanitarian Assistance to Address Food Insecurity and Other Needs In Africa 
USAID
President Joseph R. Biden announced that the United States is providing more than $1 billion in additional humanitarian assistance to address food insecurity and other urgent needs of refugees, internally displaced persons (IDPs), and affected communities in 31 African countries. This funding, announced during President Biden’s visit to Angola, includes nearly $823 million through USAID – of which more than $202 million is from the U.S. Department of Agriculture’s Commodity Credit Corporation – and nearly $186 million through the U.S. Department of State…Read More>>

ENERGY

Cote d’Ivoire Greenlights Two Renewable Energy Projects 
Africa Law & Business 
The Cote d’Ivoire government has approved two energy projects as part of its plan to make the state a regional energy hub. The projects, one solar and one thermal, are in line with the Ministry of Energy’s 2022-2040 Master Plan for Production and Transportation…Read More>>

Swefund and IFU Invest in Renewable Energy Development in Southern Africa 
Energy Global 
Swedfund and the Danish Investment Fund for Developing Countries, IFU, have partnered with Sturdee Energy to accelerate the expansion of renewable energy in Southern Africa, with a primary focus on South Africa, a country heavily reliant on coal-fired electricity…Read More>>

HEALTH

Morocco Produces Africa’s First Mpox Tests as The Continent Tries to Rely Less on Imports 
AP
After African countries struggled to get testing kits during the COVID-19 pandemic, officials vowed to make the continent less dependent on imported medical supplies. Now, in a first for Africa, a Moroccan company is filling orders for mpox tests as an outbreak continues…Read More>>

WhatsApp, Doc? Health Workers in Africa Deploy Ordinary Apps to Make Extraordinary Difference
VaccinesWork
Popular messaging apps are so widely used in African countries that frontline workers report effectively leveraging them to extend the reach of preventive care…Read More>>

INFRASTRUCTURE

Africa Investment Forum 2024: Strengthening Public-Private Partnership is Key to Financing Infrastructure in Africa (leaders) 
AfDB
Leaders of development finance institutions (DFIs), insurance companies and export credit agencies (ECAs) have urged greater mobilization of the private sector to finance infrastructure in Africa in close collaboration with the public sector…Read More>>

EIB Commits $80M to African Infrastructure Fund
Energy Capital & Power 
The European Investment Bank (EIB)  has announced its largest-ever investment in an African fund, committing $80 million in equity to the Pembani Remgro Infrastructure Fund II (PRIF II). The announcement highlights the EIB’s focus on climate action, job creation and supporting Africa’s energy and digital transitions… Read More>>

AGRIBUSINESS

South Africa Agribusiness Mood Soars Despite Surprise GDP Slump 
Financial Post 
Sentiment among South Africa’s agricultural businesses soared to the highest level in more than two years boosted by sustained electricity supply, political stability and expectations of rains…Read More>>

Italy-Senegal, Sustainable Agriculture: New Cooperation Agreement Presented to the Chamber 
Nova.News 
Developing concrete solutions to strengthen food self-sufficiency in Senegal through training, exporting the model par excellence, Made in Italy, the creation of high-tech greenhouses and the promotion of horticultural and forestry production...Read More>>

ICT

National Assembly Approves ICASA Council Recommendations to Strengthen South Africa’s ICT Sector 
TechAfricaNews
Parliament advances ICASA appointments, selecting diverse candidates to address critical telecom and broadcasting challenges… Read More>>

FINANCE

African Development Bank and TDB Group Strengthen Trade Finance Partnership Through a Trade Finance Unfunded Risk Participation Agreement 
AFDB 
The African Development Bank Group and the Eastern and Southern African Trade and Development Bank (TDB Group) have signed an agreement for a $150 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility. The agreement was concluded on the sidelines of the African Investment Forum in Rabat, Morocco…Read More>>

Africa Banking Roundtable: New Focus on Capital Markets 
Global Finance 
Africa today is the world’s youngest continent, with a growing population and several fast-growing economies, but significant challenges, including the need for regulatory reform in banking and finance. Global Finance recently sat down with representatives of three financial institutions, including two development banks and one commercial bank, to discuss banking and the role it plays in Africa’s economic growth… Read More>>