(Posted 19th October 2023)
CCA MEMBERS IN THE NEWS
South Africa to probe Meta, Google competition with news publishers
Reuters
South Africa’s Competition Commission will investigate whether digital platforms like Meta (META.O) and Google (GOOGL.O) were unfairly competing with news publishers by using their content to generate ad revenue, it said on Tuesday… Read More>>
Axxess, Sulos Announce Partnership
Home Care Magazine
Axxess, a technology innovator for health care at home, and Sulos, a HIPAA-compliant solution offering a holistic approach to patient engagement and population management, announced a collaboration that will prioritize transparency and early intervention to elevate healthcare outcomes. The joint venture harnesses data, especially between visits, to pinpoint patients in need of support, which can significantly reduce hospital readmissions and the need for emergency care… Read More>>
U.S.-AFRICA RELATIONS
DFC CEO Travels to Ghana to Strengthen Global Infrastructrure and Grow Economic Opportunity
U.S. International Development Finance Corporation
U.S. International Development Financing Corporation Chief Executive Officer (CEO) Scott Nathan traveled to Accra, Ghana, to meet with prospective private sector partners to discuss opportunities to work together to promote economic growth in Ghana. He also met with existing clients to discuss challenges they are facing with receiving stable payments from the government and to identify new opportunities to partner… Read More>>
U.S. African Development Foundation CEO Travis Adkins Travel To Nigeria
U.S. Embassy and Consulate in Nigeria
President/CEO of the U.S. African Development Foundation (USADF) Travis Adkins will travel to Nigeria from October 16-20. His visit follows the recent trips of U.S. Treasury Deputy Secretary Wally Adeyemo in September and the U.S. Under Secretary of Commerce for International Trade Marisa Lago’s Global Diversity Export Initiative Trade Mission in August…. Read More>>
U.S. Gathers Experts To Tackle Illegal Mining in Ghana
U.S. Embassy in Ghana
The U.S. Department of State, the U.S. Embassy Ghana, and the University of Mining and Technology (UMaT), Tarkwa are convening mining stakeholders from across Ghana to brainstorm tech-enabled solutions to illegal mining. As part of “Tech Camp Takoradi” this week, fifty stakeholders including representatives of mining communities and companies, scientists and innovators, policymakers, environmental activists, public health actors, and the media are working with U.S. and African experts on tech-based solutions that mitigate the negative environmental and health effects of illegal mining in Ghana… Read More>>
IMF and World Bank Are Urged Are Urged to Boost Funding for African Nations Facing Conflict and Climate Change
U.S. News
Many poor countries in Africa face the harshest effects of climate change: severe droughts, vicious heat and dry land, but also unpredictable rain and devastating flooding. The shocks worsen conflict and upend livelihoods because many people are farmers — work that is increasingly vulnerable in a warming world… Read More>>
ENERGY
Partnership to support nuclear deployment in Africa
World Nuclear News
World Nuclear Association and the African Commission on Nuclear Energy (AFCONE) have signed a memorandum of understanding to support the economic growth and sustainable energy development of the African continent through the use of nuclear energy… Read More>>
African Energy Council (AEC) Endorses Minister Mantashe’s Vision for Africa’s Energy Future, with an Emphasis on Oil and Gas
Zawya
South Africa’s Minister of Mineral Resources and Energy, Gwede Mantashe, advocated for the ongoing and collaborative development of Africa’s oil and gas resources during Africa Oil Week on Tuesday – a stance that is fully supported by the African Energy Chamber (AEC)… Read More>>
African Energy Week (AEW) 2023: Africa Energy Development Marred by Decarbonization Demands
African Business
As many African nations address energy poverty, strive to meet growing energy demand, and work toward just energy transitions for Net Zero commitments, the question of aligning with global decarbonization efforts before substantial carbonization emerged in Africa was raised during a session at African Energy Week in Cape Town from October 16-19… Read More>>
HEALTH
A new deal for African health security
Africa CDC
Africa Centres for Disease Control and Prevention has a vision: to become world-class and self-sustaining and position itself in line with universal health coverage, Sustainable Development Goals and the African Union’s Agenda 2063. To do so, it is proposing a New Deal… Read More>>
Africa regional conference on financing universal health coverage & health security
World Health Organization
The Africa Regional Conference on Financing Universal Health Coverage and Health Security has been held in Ghana with a call on countries to strengthen investment in the health sector to reduce the out-of-pocket expenditure burden on people… Read More>>
African nations bet on mRNA technology to break dependency on foreign-made vaccines
El País
Around 99% of doses that are administered on the continent are imported. To address this problem, vaccine manufacturing facilities in Senegal, Rwanda, and South Africa are showing interest in a technology that reduces production costs and gets around patent barriers… Read More>>
Gates Foundation Helps mRNA Vaccine Development in Africa
VOA Learning English
The Bill & Melinda Gates Foundation announced last week that it will invest $40 million in African drug makers. The money will help produce new messenger RNA vaccines in Africa. The continent’s people were the last to receive vaccinations against COVID-19 during the pandemic… Read More>>
Biotech Conference aims to improve healthcare in Mauritius
News Invasion 24
A healthcare and biotech conference aiming to improve healthcare through biotechnology was launched this morning at Intercontinental Resort, Balaclava. The Economic Development Board organizes the two-day event in collaboration with the Ministry of Health and Wellness… Read More>>
INFRASTRUCTURE
Green hydrogen pilot fleet launched in South Africa by Anglo American, BMW and Sasol
Gas World
South Africa has expanded its hydrogen mobility potential following the signing of a collaboration agreement between Anglo American Platinum, BMW Group South Africa (BMW) and Sasol South Africa Limited (Sasol)…. Read More>>
AGRIBUSINESS
OCP Group and World Bank Join Forces to Boost Food Security and Agricultural Development in West Africa
The World Bank
The World Bank and the OCP Group today announced a game changing partnership to support farmers in West Africa and the Sahel… Read More>>
IFC provides $800 million loan to improve Africa’s food security
The World Bank
The International Finance Corporation (IFC) and the giant Moroccan fertiliser group (OCP) have unveiled an ambitious agro-finance platform, which will aim to boost agricultural growth and improve food security in Africa. The initiative aims to mobilise a substantial $800 million worth of blended capital by 2030 to build and support sustainable food production and distribution systems across the African continent, according to a statement from OCP… Read More>>
ICT
Solar-powered off-road car finishes 620-mile test drive across north Africa
The Guardian
A solar-powered car said to be the first in the world capable of driving off-road over long distances without recharging has completed a 620-mile (1,000km) test drive across Morocco and the Sahara… Read More>>
IFC and Sony Partner to Support Growth of Creative Businesses in Africa
International Finance Corporation
IFC, a member of the World Bank Group, and Sony Group Corporation, today announced the signing of a cooperation agreement to identify investment opportunities in companies in the creative industries in Africa in order to support new economic opportunities and create jobs… Read More>>
FINANCE
Debt Squeeze leaves sub-Saharan Africa’s governments in fiscal bind
Reuters
The International Monetary Fund (IMF) urged sub-Saharan African policymakers last week to cut costly fuel subsidies and raise more in taxes, measures that may be hard to implement as governments grapple with tough spending choices amid high debt… Read More>>
Zambia close to debt deal with creditors, IMF chief bullish
The Africa Report
A debt deal was announced between Zambia and foreign lenders by IMF boss Georgieva on Thursday, providing financial relief to the first African nation to default after the Covid pandemic. Later, Zambia’s Ministry of Finance told The Africa Report that a deal is ‘very close’… Read More>>
