Latest ACBC News

New ACBC Executive Team – First 100 days on the job
It has been a tremendously busy and engaging first quarter for the African and Caribbean Business Council of Greater Philadelphia!  Executive committee elections held in the latter part of 2018 foresaw the onboarding of a newly energized leadership team that hit the ground running in efforts to increase visibility and rebranding efforts for the Council. The mandate is to position ACBC as an organization with a mission to revitalize, strengthen, and produce healthy self-sustaining communities through promotion and advocacy in facilitating access to business assistance programs to the underserved constituency of African and Caribbean business communities in the Greater Philadelphia area [… more]

ACBC Hosting an Ivory Coast Delegation
ACBC in partnership with Senator Sharif Street, Councilwoman Jannie L. Blackwell and Harold Epps, Director of the Philadelphia Department of Commerce hosted an Ivory Cost Delegation in Philadelphia from April 10-12 in preparation of the upcoming trade mission to the Ivory Coast and Ghana in August 2019. Key highlights of the visit [… more]

ACBC Women Entrepreneur Summit
As part of the City of Philadelphia’s Immigrant week, and in recognition of March as Women’s National History Month, ACBC hosted its Inaugural Women Entrepreneur Symposium on March 29, 2019 at the Enterprise Center, 4548 Market Street Philadelphia, PA 19139. With 74 participants and many presenters, it was a great success!

African, Caribbean News

Barbados
Round two IMF funding on track
From all indications, Government is on track to receiving a passing grade for the second review of its rigid Barbados Economic Recovery and Transformation (BERT) program. This indication has come from the International Monetary Fund’s (IMF’s) [… more]

Africa can be digitally transformed
What is holding Africa back in digital transformation on the continent, asked former Nigerian Minister of Communications Technology, Dr Omobola Johnson, as she delivered the UN Economic Commission for Africa’s (ECA) annual Adebayo Adedeji lecture at the  [… more]

Botswana
1 Million jobs needed to achieve full employment
Botswana needs to create one (1) million jobs until the middle of the century if she is to achieve full employment. But, according to the Demographic Dividend report, in order to maintain the current unemployment rate the country will have to create 340 000 jobs until 2050. […more]

Botswana unveils blue diamond to rival the hope Diamond
Botswana has unveiled a blue diamond whose value could outstrip that of the storied Hope Diamond: the 20.46-carat, close-to-flawless Okavango Blue.The diamond was presented in Gaborone, Botswana by the state-owned Okavango Diamond Company. Found as  […more]

Cameroon
Cameroon becomes one of SSA’s most favorable places for power projects.
Cameroon offers a huge opportunity to investors interested in electricity projects, according to World Bank’s Country Director Elisabeth Huybens.”Cameroon holds the third biggest potential for hydropower development potential in Sub-Saharan African, estimated at more than 12,000 MW [… more] 
 
Cameroon gov’t praised for prioritizing decentralisation
The government of Cameroon has been praised for prioritizing decentralisation in the 2019 budget as the key to the country’s development. Experts at a “budget initiative event” in Yaounde organized by the Nkafu Policy Institute, think tank of the Denis and Lenora Foretia Foundation lauded the government’s initiative [… more] 

Ethiopia
Ethiopian Airlines increasing flights to Chicago, Washington
Ethiopian Airlines that’s the largest aviation entity in the continent and a SKYTRAK licensed 4-star carrier, stated it will revamp its operations in America; opening up new destinations, increasing flights and changing entryways by the summer of 2019. The new US […more]

Hyundai, the latest entrant to Ethiopian automobile market
Hyundai Motor Company, in South Korea, is the last vehicle manufacturer to set up a camp in Ethiopia after Volkswagen. The plant, which is expected to assemble more than 10,000 vehicles per year, is the first in East Africa. Despite the fact [… more]

Ivory Coast
Tony Blair praises the performance of the Ivorian economy
Following the hearing on Tuesday 02 June April 2019 in Abidjan, former British Prime Minister Tony Blair, together with Ivorian Prime Minister Amadou Gon Coulibaly, praised the performance of the Ivorian economy. [… more]

Solar taxis help reduce pollution in Côte d’Ivoire
In the Ivory Coast, about 80% of imported vehicles are used and many of them are smoked as they travel by road. Marc Togbe works on clean and comfortable three-wheeled solar taxis.[…more]

Ghana
Agriculture Fast Track fund to launch 17 new projects
The African Development Bank will launch 17 new grant projects funded by the Agriculture Fast Track Fund (AFT) in support of agribusiness Small- and Medium-sized Enterprise (SMEs) in eight African countries – Ghana (4), Tanzania (4), Burkina Faso (2), Malawi (2)  [… more]

Google to collaborate with researchers in Ghana on Ai deployment
Mr Moustapha Cisse, the Head of Google Artificial Intelligence (AI), Accra has said Google will collaborate with Universities and research institutions to deploy AI to solve challenges in the areas of agriculture, education and healthcare.He said Google was optimistic about the incredible  [… more]

Kenya
Investing in digital literacy for grassroots transformation in Kenya
Kenya is experiencing a “youth bulge”. At least 20% of the country’s population is made up of youth between the ages of 15 and 24. This could be a big advantage if young people have access to economic opportunities, particularly information and communication technology [… more]

Massive infrastructure investment in E.Africa set to drive continental growth
The 2019 Economic Report on Africa by the United Nations Economic Commission for Africa states that East Africa remains the fastest growing sub-region in Africa,… driven by strong public spending on infrastructure [… more]

Nigeria
Nigeria’s Farmcrowdy raises $1m in additional seed funding
Farmcrowdy connects small scale farmers across Nigeria with access to finance sourced from individuals and corporates via its online platform, and has so far empowered over 12,000 farmers across 14 states. […more]

Dangote’s company distributes 20,000 crates of tomatoes to farmers.
Kano-Dangote Tomato Processing Company, Kadawa, Kano state has distributed 20,000 plastic crates to tomato farmers as part of effort to check poor handling of the commodity.The Managing Director of the company, Alhaji Abdulkarim Kaita disclosed this in Kano [… more]

Tanzania
Tanzania to commence construction of 67 new health facilities
The government of Tanzania has announced to at advance stages of commencing construction of 67 new district health facilities countrywide. Prime Minister Kassim Majaliwa announced the reports and said that the projects are aimed at reducing challenges confronting people from rural areas.“The plan is to have quality healthcare closer to the […more]

East Africa Tourism And Hospitality Expo 2019 Key To Africa’s Growth
According to the 2018 BMI report on Tourism in Tanzania, the industry is playing an increasingly important role in the global economy, contributing 5% of gross domestic product, 30 percent of service exports, and 235 million jobs.[…more]

Rwanda
Alibaba to open e-commerce class for Rwandan students
China’s e-commerce giant Alibaba will launch an undergraduate programme in its Business School this September for students from Rwanda. According to information from Alibaba’s Business School, 30 Rwandan students will join its International Business  [… more]   

Rwanda to host Africa50’s general shareholders meet
Rwanda is set to host Africa50’s fourth Annual General Shareholders Meeting (GSM) on July 9-10. Africa50 CEO, Alain Ebobissé, led a delegation to Kigali from March 25-27, for meetings with Rwandan government officials on the sidelines of the Africa CEO Forum, to discuss [… more]

Uganda
Uganda’a bicycle ambulances help pregnant sick and injured
In rural Uganda, ambulances made with bicycles and electric scooters are giving more people access to health care.The ambulances are managed by village health teams chosen from within the community. The teams distribute contact numbers so people in need can request  [… more]

Urban farming in Kampala
Although over two-thirds of Uganda’s population live in rural areas, populations are exploding in urban areas too. In Kampala, Uganda’s capital, there are over 1.5 million people, and land is scarce.To meet the growing population’s need for food, some people are growing  [… more]

Zimbabwe
IMF to monitor Zim economic targets, policies
International Monetary Fund (IMF) staff and Zimbabwe have agreed on steps that will pave way for a Staff Monitored Programme (SMP). An SMP involves the IMF staff monitoring a country’s economic targets and policies. Zimbabwe has had several successful SMPs between  [… more]

Exports, investor confidence to jumpstart forex inflows
The Reserve Bank of Zimbabwe (RBZ) says the country’s forex situation will improve as the year progresses on the back of increased confidence and growing exports. RBZ deputy director for economic research division, Nebson Mupunga, yesterday told delegates at the retailers’  [… more]

Other Diaspora News

Africa wins at Embassy Chef Challenge
Washington, D.C. (April 3, 2019) — The Best Beverage Award presented by PepsiCo at the April 2 Embassy Chef Challenge (ECC) diplomatic culinary competition won by [… more]

Africa’s historic free trade deal has enough countries signed up
It is now official: Africa’s free trade agreement has drawn enough signatures to go into operation. On Tuesday (Apr. 2), The Gambia’s parliament was the 22nd nation to ratify the [… more]

Unleashing the power of the digital patient Africa Science.
E-health tech like electronic medical records, telemedicine and mobile electronic systems have been successfully used to improve health outcomes and empower populations. […more] 

African tech startups raised over $1.2bn in funding in 2018
146 African tech startups raised $1.163-billion in equity funding last year over 164 rounds, marking what it said is a 108% year-on-year growth in funding raised by tech  […more]

EAST AFRICA: $17.38 billion rolled in from its Diaspora
The World Bank’s latest brief shows in the just the past 5 years, East African countries received $17.38 billion from their citizens living abroad, says this report. According to the (Credit – PMNews)

Corporate Council on Africa  in the News
Four Heads of State Confirmed | U.S.-Africa Business Summit Corporate Council on Africa is honored to announce that the following Heads of State are confirmed to speak  [… more]

Corporate Council on Africa will host the Africa Finance Forum on April 10, 2019 on the sidelines of the World Bank Spring Meetings [… more]

South African Airways Expands Nonstop Flights  Between Washington Dulles and Accra, Ghana