Corporate Council on Africa’s latest news updates


(Posted 25th May 2023)



ACDI/VOCA and AV Ventures Announce Membership and Collaboration with the Corporate Council on Africa
The ACDI/VOCA Group, including its affiliatesTanager and AV Ventures, is proud to announce its membership with the Corporate Council on Africa (CCA). ACDI/VOCA’s involvement focuses on CCA’s priority areas of food security and agriculture. This partnership will foster collaboration and coordination on urgent topics of mutual interest, providing valuable resources, connections, and insights to further the establishment and strengthening of agricultural trade and investment relationships between the United States and African firms… Read more>>

IHS Towers spots opportunities for M&As, fiber business growth
Telecom tower company IHS Towers sees opportunities for further acquisitions and to ramp up its fiber business in some of its markets, including in Latin America, where it operates neutral fiber JV I-Systems with TIM Brasil, company executives told an earnings call… Read more>>

Financial Network Wealth Management LLC Purchases Chevron Co. Shares According to Latest SEC Filing
Financial Network Wealth Management LLC reportedg a new purchase of Chevron Co. (NYSE:CVX) shares in its latest Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,292 shares of Chevron’s stock valued at approximately $232,000… Read more>>




Biden sends delegation to Tinubu’s inauguration
Daily Trust
The U.S. President, Joe Biden, has revealed his delegation to attend the inauguration of the President-elect, Asiwaju Bola Tinubu on May 29. World leaders, including heads of state, have been invited to grace the occasion which will usher in the former Lagos State governor as the 16th President of Nigeria at Eagle Square, Abuja…The delegation will be led by Secretary of the United States Department of Housing and Urban Development, Marcia L. Fudge… Read more>>


OCP Africa launches School Lab in Rwanda aims to train 30,000 farmers on good agriculture practices
Farmers Review Africa
OCP Africa,which is part of Morocco’s fertilizer giant OCP Group has launched OCP School Lab,a body that seeks to allow 30,000 farmers in Rwanda to be trained on “good agricultural practices” over a period of one year. The lab campaign,targeting dozens of villages across 14 districts,aimsto provide fertilizer recommendations on use and benefits of fertilizers to farmers… Read more>>



Africa Investment Forum showcases $1.475 billion in green and renewable energy deals at African Development Bank 2023 Annual Meetings
African Development Bank
The Africa Investment Forum presented four renewable energy and sustainability projects worth nearly $1.5 billion to investors on the sidelines of the African Development Bank Group’s 2023 Annual Meetings.The curated projects, which are drawn from all of Africa’s regions, are sourced from the Africa Investment Forum’s pipeline.  They reflect gathering urgency in Africa, the world’s most vulnerable region to climate change, to accelerate climate action, including closing financing gaps by securing an ever-increasing share of global capital for the continent… Read more>>

Why Total and Africa Oil quit Kenya’s oil project
The East African
Two joint partners in Kenya’s quest for oil in Turkana have quit the project, exerting new pressure on the main operator Tullow Oil, which has been unable to take the exercise off the ground after the British oil explorer ran out of cash… Read more>>

South Africa Weighs Extending Larger Coal Plants’ Lives
South Africa is considering extending the lives of some of its biggest coal-fired power plants as the government seeks to bolster the country’s long-term energy security amid a deepening crisis… Read more>>


Rwanda to host new African Pharmaceutical Foundation headquarters
New Times
Rwanda is set to host the headquarters of the newly launched African Pharmaceutical Technology Foundation (APTF), aimed at accelerating technology innovation in the continent’s health sector…According to AfDB data, Africa imports more than 70 percent of the medications it needs at a cost of up to $14 billion annually, while it only manufactures one percent of the needed vaccines… Read more>>

Cholera-hit S. African Town Blames Govt for Deadly Outbreak
A grieving family gathers in their yard in a town near Pretoria, the epicentre of a deadly cholera outbreak, mourning the death of a relative, one of 17 people killed by the disease in just days… Read more>>


African Development Bank appoints Mike Salawou as Director of the Infrastructure and Urban Development Department
African Development Bank
The African Development Bank has appointed Mike Salawouas Director of the Infrastructure and Urban Development Department, effective 16th May 2023.Salawou, a Danish national, has been the Acting Director of the Infrastructure and Urban Development Department, where he led sovereign and non-sovereign operations. He also doubled as the department’s Infrastructure and Partnerships Division Manager… Read more>>

World Bank extends $150 mln to Mozambique to aid Cyclone Freddy recovery
The World Bank has moved $150 million of the funds it has earmarked for Mozambique projects to help fund the southern African nation’s efforts to recover from the aftermath of Cyclone Freddy. One of the deadliest storms to hit the continent in the last two decades, Freddy ripped through Malawi, Mozambique, and Madagascar, first in late February before circling back in March. Over 1,000 people were reported dead in the region… Read more>>

Hammanskraal water crisis exposes years of neglect
Mail & Guardian
The distressing situation unfolding in Hammanskraal may be shocking, but not surprising. People have endured a decade-long struggle with water and sanitation issues, serving as a stark example of what happens when development occurs disproportionately… Read more>>

IFC to invest $17.5m in mega mixed-use complex in Kigali
The East African
The International Finance Corporation (IFC) will invest $17.5 million in French real estate conglomerate Duval Group to develop a mega mixed-use building complex opposite the Kigali Convention Centre in the Rwandan capital… Read more>>