Corporate Council on Africa’s latest news updates



(Posted 02nd November 2022)



Standard Bank Plans to Enter Morocco, Expand in North Africa 
Morocco World News 
Johannesburg-based Standard Bank has announced its plans to expand into North Africa, particularly in Morocco and Egypt. Africa’s largest lender by assets plans to enter the continent’s biggest economies to offset competition from foreign and regional banks as well as benefit from potential growth in business operations under the African Continental Free-Trade Area (AfCFTA)… Read more>>

TDB To Support Exporters In Zimbabwe Via USD 10 Million Trade Finance Facility to NMB Bank  
The Eastern and Southern African Trade and Development (TDB) has extended a 3-year USD 10 million trade finance line of credit to support NMB Bank’s corporate clients in export-focused sectors of the economy… Read more>>



African and Diaspora Young Leaders Forum 
U.S. Department of State 
President Biden outlined in the U.S. Strategy Toward Sub-Saharan Africa, our African diaspora is a source of strength. The African and Diaspora Young Leaders Forum will elevate our diaspora engagement to strengthen the dialogue between U.S. officials and the diaspora in the United States and provide a platform for young African and diaspora leaders to fashion innovative solutions to pressing challenges. The Forum will feature breakout sessions on higher education, the creative industries, and environmental equity, utilizing the theme ‘‘Amplifying Voices: Building Partnerships That Last.’’… Read more>>

U.S. Chamber Announces Top 3 Finalists in 2022 Africa Digital Innovation Competition
U.S. Chamber of Commerce 
The annual competition, held in partnership with the U.S. African Development Foundation (USADF) and American Chambers of Commerce across Africa, rewards African innovators, entrepreneurs, and startups for developing solutions through digital products and services that have a positive impact on African citizens. The announcement of the 3 finalists was made by Scott Eisner, President of the U.S.-Africa Business Center, and Travis Adkins, President, U.S. Africa Development Foundation… Read more>>

US Agribusiness Team in Kenya Pushes for GMO Trade Deals 
Garowe Online 
In a bid to tap into Kenya’s GMO market, the US has sent over 32 agribusiness representatives to forge partnerships with the government… Read more>>


Strengthening sustainable agricultural mechanization for climate smart agriculture in southern Africa
Africa Business
One of the major constraints to the expansion and modernization of agriculture is the low level and limited use of mechanization especially by smallholder farmers. In southern Africa, agriculture has been characterized by the application of basic agricultural tools resulting in tedious and laborious practices, drudgery and low productivity. Smallholder farmers in the region can earn a decent living from agriculture only if they adopt mechanization… Read more>>

Digital solutions are boosting agriculture in Kenya, but it’s time to scale up. Here’s how
The Conversation
Digital agricultural services have proliferated across Africa over the last decade. Most are services that work on mobile phones, although more advanced technologies are in use too – like satellite images, sensors, blockchains and big data analytics… Read more>>


Africa: Energy – Africa’s Stand at COP27
All Africa
To achieve its energy and climate goals, Africa needs $190 billion of investment a year, with two-thirds of this going to clean energy. A study by an African bank paints a mixed picture of the continent’s energy situation — one of scarcity and abundance… Read more>>

Africa Energy Week 2022 Ends on a Progressive Note with a Partnership Between Nigerian Energy Accelerator, Moneda Invest Africa and National Oil Company of Namibia [Namcor] on Local Content Development and Energy Financing
This Year’s Africa Energy Week where Moneda Invest featured as the Platinum Sponsor for African Content, was held at the V&A Waterfront South Africa, and just concluded with a signed agreement between Moneda Invest Africa and National Oil Company of Namibia [Namcor]. The two major energy investment organisations have agreed to this partnership to exchange… Read more>>

Stakeholders seek local refining of Africa’s crude oil amid energy crisis
The Guardian 
Stakeholders at African Refiners and Distributors Association (ARDA), Nigerian National Petroleum Company Limited (NNPC) and Dangote Refinery have stressed the need for African nations to locally refine their hydrocarbon resources and reduce importation of petroleum products… Read more>>


Resistant mosquito threatens Africa’s fight against malaria
Compelling evidence has emerged that a malaria outbreak in Ethiopia this year was caused by the arrival in eastern Africa of an insecticide-resistant species of mosquito (Anopheles stephensi). The finding complicates disease-elimination efforts in Africa — where 95% of the world’s malaria infections occur — and has researchers worried because A. stephensi’s behaviour is different from that of other malaria carriers… Read more>>

Mother Africa draws 780 to health and wellness fair in Kent
Kent Reporter
Approximately 780 residents attended Mother Africa’s second annual health and wellness fair in Kent. As attendees exited the Oct. 28 event at Mother Africa, 1209 Central Ave., they received food boxes from Auburn-based Cascadia Produce, which donated 200 food boxes, and the SeaTac-based International Rescue Committee, which donated fresh food and produce… Read more>>

Good News And Bad News About The Ebola Epidemic In Uganda
Thirty-one people are now dead and dozens more are sick as the latest Ebola epidemic is trickling through central Uganda. Cases are rising slowly, but the epidemic has spread to seven districts including the capital, Kampala. What happens next is difficult to predict… Read more>>


Africa’s Infrastructure Imperative to Drive Demand for Project Management Skills – PMI
Alliance Tech Alliance Forum
According to the Project Management Institute (PMI), the global economy needs 25 million new project professionals by 2030, as increasing jobs require project management-oriented skills… Read more>>

Africa has least default rate on infrastructure projects, say leaders
The East African 
African Development Bank president Akinwumi Adesina speaks during the opening ceremony of the Africa Investment Forum 2022. He noted that Africa has the lowest default rate on infrastructure projects in the world, at investment risk has been exaggerated, making investors hesitant to put their money in its development projects… Read more>>

Request For Expressions of Interest: Technical Assistance To Prepare And Support An Integrated Key-Competency Based Human Capital Management Model for NOSi – Núcleo Operacional da Sociedade de Informação 
Republic of Cabo Verde 
The Government of the Republic of Cabo Verde has received from the International Development Association (hereafter named “World Bank”), the Credit ref. 6792-CV to fund the Digital Cabo Verde Project, aiming to contribute to transforming the country into a regional digital hub for accelerating its digital economy through an enhanced digital infrastructure and strengthened demand of digital services and skills, and intends to apply part of the proceeds of consulting services… Read more>>

Invitation For Quotation: Supply, Actualization And Densification Of The Permanent GNSS Stations Network in Cabo Verde 
Republic of Cabo Verde 
The Government of the Republic of Cabo Verde has received from the International Development Association – IDA / World Bank  (hereafter named “World Bank”) a credit to fund the state-owned enterprises related fiscal management Project (“the Project”) aiming to strengthen State Owned Enterprises (SOE) related fiscal management… Read more>>


Africa Investment Forum: Building out Africa’s ICT infrastructure can pave the way for a digital leap forward
African Development Bank 
One major lesson for Africa from the Covid-19 pandemic is that it had an outsize negative impact on workers in jobs that cannot be performed remotely.  Such jobs are typically in the informal sectors that dominate Africa’s economies. Services and other sectors more amenable to remote work were far less affected, which reduced the need for government social safety net interventions… Read more>>

Huawei and AICTO Hosted the 1st Africa 5G Summit
The first Africa 5G Summit was held in Bangkok, Thailand, with the theme of “5G Lighting Up Digital Africa”. The summit was hosted by Huawei and supported by the Tunisia based Arab ICT Organization (AICTO), which aims to build a communication platform between Africa and the world’s 5G leading markets… Read more>>


Africa’s Tourism Bounceback Will Need Healthy Hotel Pipeline 
Top Hotel News 
Masisi addressed delegates in a keynote speech, saying: “Our continent is renowned for its beauty and the quality of establishments and high service excellence. However, to harness this potential we have to work together. The only way to achieve success and unprecedented tourism growth, and job creation, is by coming together, capitalising on each other’s strengths and working as one… Read more>>

Purple Elephant wants to modernise Africa’s tourism industry
Venture studios are few and far in between in Africa. Instead, there is a myriad of venture capitalists (VCs) and accelerators that operate by giving founders access to funding and a much-needed support network. A venture studio and a VC share some similarities. They both offer funding and support to founders and companies, but they differ in the manner in which they offer this support… Read more>>

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