Corporate Council on Africa’s latest news updates


(Posted 01st March 2023)



President Masisi in Texas for Business Networking Engagement

Botswana Daily News
President Dr Mokgweetsi Masisi arrived in Dallas, Texas yesterday to officiate at Botswana-Dallas business networking engagement organized by the founder and president of Axxess, Mr. John Olajide, in partnership with Botswana Investment and Trade Centre (BITC)… Read more>>

Flutterwave Plans North Africa, Middle East expansion after securing Egyptian licenses
The Africa Report 
Morocco, the United Arab Emirates (UAE), Turkey and Saudi Arabia are all targeted for expansion in “the near future”, regional manager Aalaa Gamal tells The Africa Report. Egypt is a “window for the Middle East and North Africa…”  Read more>>

African Development Bank holds first industrial and trade business opportunity forum in Egypt 
African Development Bank Group
The African Development Bank, in collaboration with the Egyptian Commercial Services (ECS) department of the Egyptian Ministry of Industry and Trade, has ended its first Industrial and Trade Business Opportunity Seminar (IT-BOS) dedicated to establishing business relationships with Egyptian manufacturers and exporters… Read more>>



Jill Biden Draws Attention to Unprecedented Hunger Crisis
VOA News
U.S. first lady Jill Biden made a high-profile visit to a tiny Kenyan community to draw attention to the severe drought that has gripped East Africa and created an unprecedented food insecurity crisis in Kenya… Read more>>

Africa going along with US pick for World Bank lead, Ajay Banga
The Africa Report
Africa is so far following the rest of the developing world in lining up behind the pick of the US to lead the World Bank despite global calls for more diverse representation atop international financial institutions… Read more>>


A $1.5 Billion Hoard of Copper and Cobalt is Piling Up in Congo 
BNN Bloomberg 
A growing pile of copper and cobalt worth about $1.5 billion is stranded in the Democratic Republic of Congo, caught up in a standoff over the future of one of the world’s biggest battery-metal mines… Read more>>

Jill Biden sees East Africa drought up close, seeks more aid 
AP News 
U.S. first lady Jill Biden got an up-close look Sunday at the historic East Africa drought as she walked along arid land and listened as some Maasai women described how their children and livestock are going hungry. She appealed for more countries to join the United States to help alleviate the suffering… Read more>>

Zimbabwe offers new terms for R63bn deal with white farmers
Times Live  
Zimbabwe has offered to settle a $3.5bn (R63.89bn) land compensation deal over 10 years, the latest change to an agreement signed in 2020 with former white farmers ejected from properties more than two decades ago… Read more>>


Kenya to set up 136 solar mini-grids for remote communities
NAIROBI, Feb 27 (Reuters) – Kenya is constructing 136 solar powered mini-grids in far-flung areas not properly served by the national electricity grid, the country’s energy minister said on Monday… Read more>>

Construction underway on East Africa crude oil pipeline project 
A 1.443-kilometre long heated pipeline from the shores of Lake Albert in Uganda to the port of Tanga in Tanzania were jointly developed by French TotalEnergies and the China National Offshore Oil Corporation (CNOOC) along with Ugandan and Tanzanian state oil companies… Read more>>

Juba’s future will be built on sound oil governance
The East African
Claims that government officials in South Sudan connived with a private company to secure a $30 million loan from the African Export-Import bank (Afreximbank) is unlikely to attract more than a shrug of resignation from people familiar with how Juba manages its public affairs. Corruption and stealing of oil revenues have become the norm rather than the exception… Read more>>


Dr. Jean Kaseya is Africa CDC’s new director general 

Dr. Jean Kaseya is the first director general of the Africa Centres for Disease Control and Prevention. He is a Congolese medical doctor with over two decades of experience in public health, working at both international institutions and the government of the Democratic Republic of Congo… Read more>>

Death Toll in E. Guinea Marburg Outbreak Rises to 11  

Two more people in Equatorial Guinea have died of Marburg haemorrhagic fever, a cousin of the Ebola virus, bringing the toll of fatalities to 11, the authorities say… Read more>>


Tanzania to get $151m IMF loan to boost economic recovery
The East African 

Tanzanian authorities have reached an agreement with the International Monetary Fund (IMF) for the disbursement of a $151 million loan to help boost its recovery amidst headwinds from global shocks that have slowed growth… Read more>>

Ghana to ensure payments of coupons, principals of old bonds resume on March 13

Ghana’s finance ministry said on Monday it was taking steps to ensure payments of coupons and principals of old bonds resume on March 13 following the conclusion of a domestic debt exchange programme… Read more>>

Rwanda cost of living eat away at savings and incomes 
The East African

Rwanda’s economic managers remain under intense pressure to contain a persistent rise in the cost of living that is eroding savings and incomes and reducing the purchasing power of many… Read more>>


Young Africans are logging in and clocking on 
The Economist 

His home is Bungoma, a small town in western Kenya, but his workplace is the world. Kevin, who asks that his real name be withheld to protect his credibility, has written about casinos in China without ever going there. He has reviewed weightlifters’ barbells, headphones and home-security systems he has never seen… Read more>>

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