(Posted 05th November 2024)
CCA MEMBERS IN THE NEWS
Ethiopian Airlines Increases Weekly Flights to New York, Offering Daily Service Starting December 1
Addis Insight
Ethiopian Airlines has announced an increase in its weekly flight schedule between Addis Ababa and New York, raising the frequency from four to seven flights per week. This change, effective December 1, 2024, marks a significant shift as the airline will begin operating daily flights on the route starting Sunday… Read More>>
Africa Finance Corporation (AFC) receives top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards
Africa.com
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has received top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards. Held last night at a gala dinner in London, the Corporation received this prestigious award for providing unique financial advisory services to partners on transformational infrastructure projects that drive industrialisation and economic advancement across Africa… Read More>>
U.S.-AFRICA RELATIONS
Biden’s long-awaited Africa trip to tout a win against China
Reuters
Joe Biden headed to Angola on Sunday for a trip that will deliver on a promise to visit Africa during his presidency and focus on a major U.S.-backed railway project that aims to divert critical minerals away from China… Read More>>
Thousands cheer Biden’s arrival in Angola for his long-promised sub-Saharan Africa visit
AP
President Joe Biden arrived for his long-awaited first presidential visit to sub-Saharan Africa on Monday to the cheers of thousands in Angola, where he will highlight an ambitious U.S.-backed railway project meant to counter China’s influence on the continent of over 1.4 billion people… Read More>>
Biden meets African leaders in Angola to advance Lobito railway project
Reuters
U.S. President Joe Biden met African leaders in the Angolan port of Lobito on Wednesday to advance a plan to extend a railway that could channel critical minerals from Congo and Zambia to the West via Lobito, and counter Chinese clout in the region… Read More>>
USDA Launches Agribusiness Trade Mission to Morocco
USDA Foreign Agriculture Service
U.S. Department of Agriculture’s Foreign Agricultural Service Administrator Daniel Whitley arrived in Casablanca today to begin a USDA-sponsored agribusiness trade mission. Whitley is leading a delegation of nearly 50 U.S. agribusinesses and trade groups and 14 state departments of agriculture to expand U.S. farm and food exports to Morocco and other West African markets… Read More>>
ENERGY
African Energy Bank to Bridge Africa’s Financing Gap Amid Efforts to Eliminate Energy Poverty
Africa Energy Chamber
The Africa Energy Bank (AEB) – a supranational institution spearheaded by the African Petroleum Producers Organization (APPO) and the African Export-Import Bank (Afreximbank) – is preparing to open its doors to projects and businesses in 2025. Aimed at addressing funding gaps within Africa’s energy industry, the institution is poised to play an instrumental role in ensuring Africa’s energy resources are both monetized and maximized for the benefit of the continent. As the continent tackles with an energy crisis, the AEB will fundamentally change how projects are financed, laying the foundation for a new era of energy security continent-wide… Read More>>
Egypt: African Development Bank Approves $170 Million for Egypt’s Largest Wind Energy Project
AfDB
The Board of Directors of the African Development Bank has approved a loan of up to $170 million to support the development of the game-changing 1.1 GW Suez Wind Project, currently Egypt’s largest wind energy initiative… Read More>>
WHO Africa Region Hosts Landmark Self-Care Summit in Addis Ababa, Ethiopia
World Health Organization Ethiopia
Addis Ababa, Ethiopia – World Health Organization has convened a landmark African regional summit on self-care from November 27 to 29, 2024, in Ethiopia. This summit brings together policymakers, United Nations agencies, civil society organizations, donors, and implementing partners to advance self-care interventions aimed at improving access to quality sexual and reproductive health and rights (SRHR) services across WHO African region… Read More>>
The International Health Ministerial Summit Rwanda
CNBC Africa
The inaugural International Health Ministerial Summit will be held in Kigali. This summit will assemble highest-level international healthcare delegates to collectively tackle global health challenges. This Focus On will put the spotlight on community-based universal healthcare, Rwanda’s immunization and prevention efforts and defined framework for future improvements… Read More>>
Nigeria begins malaria vaccine rollout
Semafor
Nigeria, the country with the most malaria deaths worldwide, began rolling out a vaccine against the disease for the first time… Read More>>
INFRASTRUCTURE
African Development Fund releases $81 million dollars for construction of road linking Guinea and Senegal to promote integration and trade
AfDB
The Board of Directors of the African Development Fund approved a loan of $80.93 million to Senegal and Guinea for the construction of a new interstate road linking Labé and Mali in Guinea with Kédougou and Fongolembi in Senegal… Read More>>
Biden Unveils $600 Million in New Financing for African Railway
BNN Bloomberg
President Joe Biden is rounding off his trip to Angola by announcing $600 million in new financing for a multi-country railway as the US looks to bolster its investment in critical minerals infrastructure in Africa and curb Chinese influence… Read More>>
AGRIBUSINESS
Rwanda Soil Information System (RwaSIS) Launched to Revolutionize Agricultural Productivity
Farmers Review Africa
On November 29, 2024, in Kigali, Rwanda, the CGIAR Excellence in Agronomy Initiative (EiA) collaborated with the Rwanda Agriculture and Animal Resources Development Board (RAB) and other partners to officially launch the Rwanda Soil Information System (RwaSIS)… Read More>>
1st Trade Mission: US Seeks Further Access to Africa’s Agribusiness Market through Strong Ties with Morocco
Morocco World News
The United States is determined to strengthen its foothold in Africa’s agribusiness sector by enhancing its cooperation with Morocco… Read More>>
ICT
Orange partners with Meta and OpenAI for African languages AI models
Semafor
French telecoms company Orange plans to partner with Meta and OpenAI to develop new artificial intelligence models trained on African languages. Orange, a major mobile network and internet provider in French-speaking Africa, said the project will create models that allow customers “to communicate naturally in their local languages” with its sales and support teams. The company said it will offer the developed models for third-party health and education uses through a free license… Read More>>
Rwanda Unveils Ambitious National Fintech Strategy to Lead Africa’s Digital Revolution
TechAfricaNews
Rwanda’s National Fintech Strategy aims to boost financial inclusion, attract $200M investment, achieve 300 fintechs, and rank among the global top 30 by 2029… Read More>>
FINANCE
South Africa sets climate finance and debt relief as G20 presidency focus
Reuters
South Africa’s G20 presidency next year will focus on mobilising finance for nations stricken by climate-induced disasters and extending debt relief for developing countries, President Cyril Ramaphosa said on Tuesday… Read More>>
IFC Invests in Benin Terminal to Boost Trade and Create Jobs in Benin and West Africa
IFC
To enhance the Port of Cotonou’s operations and boost trade flows in Benin and West Africa, IFC today announced a financing for Benin Terminal (BT), the country’s largest container terminal… Read More>>
