(Posted 03rd July 2025)
CCA IN THE NEWS
US-Africa Summit : towards a new era of investment
Africa News Agency
The 17th US-Africa Business Summit in Luanda placed investment and trade at the heart of relations between the two continents, marking an end to the era of traditional aid. A strong call was made to seize strategic opportunities, notably around the Lobito Corridor… Read more>>
CCA MEMBERS IN THE NEWS
Coca-Cola system generates $10.4bn economic impact in Africa, supports over 1m jobs, study reveals
Daily News
Johannesburg, South Africa: The Coca-Cola Company has announced the results of a comprehensive, Africa-wide socio-economic impact study during the 2025 U.S.-Africa Business Summit in Luanda, Angola.The study shows that the Coca-Cola system, made up of The Coca-Cola Company and its authorized bottlers, working with a wide network of suppliers, manufacturers, service providers and customers, contributed $10.4 billion in value-added economic activity across its value chain in Africa in 2024… Read more>>
U.S.-AFRICA RELATIONS
African leaders torn over Trump 2.0
The Hill
African leaders are torn in their dealings with the Trump administration, seeking to balance their desperate need for investment with deep frustrations over the U.S. president’s rhetoric and actions toward the continent. That was the prevailing sentiment in Luanda, Angola, last week among the 3,000 attendees and 12 heads of state at the 17th annual U.S.-Africa Business Summit, hosted by the Corporate Council on Africa, an association of U.S. businesses…. Read More>>
Record-Breaking U.S.-Africa Business Summit Yields $2.5 Billion in Deals and Commitments
U.S. Department of State
From June 22-25, more than 2,700 U.S. and African public and private sector leaders gathered for the 17th U.S.-Africa Business Summit, hosted by the Corporate Council on Africa and the President of Angola. This year’s Summit marked a record turnout, including 12 African Heads of State. The U.S. Delegation, led by Ambassador Troy Fitrell, Senior Bureau Official for African Affairs, included the senior-most officials advancing U.S. commercial engagement across Africa…. Read More>>
South Africa reports H5N1 bird flu on poultry farms, international agency says
Reuters
South Africa has reported the highly pathogenic H5N1 strain of avian influenza, or bird flu, on two poultry farms in the country, the World Organisation for Animal Health said on Wednesday. The cases were the first in South Africa since September last year, Paris-based WOAH said in a notification…. Read more>>
INFRASTRUCTURE
African Development Bank Approves $475 Million Loan to Boost South Africa’s Infrastructure
The Voice of Africa
The African Development Bank (AfDB) has approved a $474.6 million loan to South Africa, aimed at revitalizing the country’s crumbling transport systems and bolstering energy efficiency as part of a broader push to restore economic growth and investor confidence… Read more>>
World Bank grants South Africa $1.5B loan for infrastructure, green energy
Politico Pro
Deteriorating rail systems, jammed ports and frequent blackouts have hindered vital industries like mining and auto manufacturing in South Africa.The World Bank granted South Africa a $1.5 billion loan to upgrade transportation infrastructure and help it transition toward a low-carbon economy, the country’s National Treasury said Monday… Read more>>
ENERGY
Symbion Power pushes Trump’s favoured buttons to promote Angola-DRC transmission link
Africa Energy
Symbion Power’s Hydro-Link vehicle is tapping into US appetite for Central African risk and high regional demand for electricity to launch a 1,150km transmission line linking hydroelectric power plants in Angola with the mining region of DRC, writes Jon Marks… Read more>>
Morocco shares renewable energy expertise with African partners
The North Africa Post
Morocco’s State Secretary for Foreign Trade, Omar Hejira, reaffirmed the kingdom’s commitment to sharing renewable energy and electrification expertise with African nations during a major energy conference in Dakar… Read more>>
AGRIBUSINESS
South Africa’s agricultural sector shows resilience with 15.8% growth in Q1 2025
Cape Argus
In a time of economic uncertainty, South Africa’s agricultural sector has emerged as a beacon of hope, recording a remarkable growth of 15.8% in the first quarter of 2025. This impressive performance has not only added 0.4 percentage points to the country’s overall GDP growth but has also starkly contrasted with declines in critical sectors such as manufacturing, mining, electricity, and construction. The surge in agricultural output is primarily driven by increased activity in the horticulture and animal products sectors, underscoring the stabilizing role agriculture plays during economic downturns…. Read more>>
ICT
Ghana urges Africa boost cyber security investments
ITWeb.Africa
Ghana is asking other African countries to boost investment in cyber security tools and capacity building. Samuel Nartey George, minister for communication, digital technology, and innovation, made the call yesterday while delivering a lecture on Cyber security – Ghana’s Policy and Readiness at the Ghana Armed Forces Command and Staff College as part of the ongoing Defence Management Course 25…. Read more>>
FINANCE
Ethiopia says it formalises debt rework with official creditors
Reuters
Ethiopia said on Wednesday it had agreed a memorandum of understanding with its Official Creditor Committee that formalises an initial debt restructuring deal reached earlier this year…. Read more>>
Ghana’s parliament approves $2.8 billion debt restructuring deal
Africa News
Lawmakers in Ghana have approved a $2.8 billion debt restructuring deal in an effort to ease the country’s worst economic crisis in decades.The West African nation signed a memorandum of understanding with 25 creditor nations, including China and France, in January after defaulting on most of its external debt at the end of 2022…Read more>>
