- Generation Africa: Inspiring young Africans to become Agri-Food Entrepreneurs:
Pan-African telecommunications, media and technology group, Eco net, and global crop nutrition leader, Yara International ASA, today launch “Generation Africa”, a partnership initiative to inspire young African entrepreneurs to join the agri-food sector for its viable business opportunities. Generation Africa will reach thousands of young people through its “Go Gettaz” competition, which will award US$100,000 in prize money to two exceptional business ventures in the agri-food sector. The partnership initiative will support a cohort of 12 budding young agri-food entrepreneurs to scale and prosper their ventures. “Africa’s agri-food sector presents a US$ 1-trillion business opportunity by 2030, especially when connected with the current technology revolution. Across Africa’s agri-food chain, innovations can be found in how we grow, harvest, process, store, transport, package, sell and consume food. Together with the pioneers of Africa’s next generation, we want to seize these opportunities. Generation Africa will help youth entrepreneurs launch, grow and mature agri-food businesses that will drive job creation, inclusive growth, and better food supply,” says Svein Tore Holsether, President and CEO of Yara.
- Ghana & Ethiopia Airlines to create National Ghana Airlines:
Africa’s largest airline, Ethiopian Airlines, and the government of Ghana have signed a strategic partnership agreement to set up a new national carrier in Accra, Ghana. Ethiopian and the Ghanaian government signed a Memorandum of Understanding (MOU) last December. The proposed airline will be a home based airline that would be established by Ethiopian Airlines in collaboration with the government of Ghana and the private sector. The government of Ghana and the private sector will have a minimum of 51 percent stake in the proposed airline while Ethiopian will hold up to 49 percent interest in the new national airline. Ethiopian Airlines Group CEO Tewolde Gebremariam told The Reporter that the final agreement was signed with the government of Ghana last week. “It is still at an initial stage and we don’t have any timeline yet,” Tewolde said.
- First South African Innovation wins the Africa prize for Engineering Innovation:
A 31-year-old South African electrical engineer has won the Royal Academy of Engineering’s 2019 Africa Prize for Engineering Innovation. Neo Hutiri is the first South African to win the prestigious Africa Prize. Hutiri and his team developed Pele box, a smart locker system designed to dispense medicine to patients with chronic conditions. Pele box is used at public healthcare facilities in South Africa, cutting down on long queues and easing pressure on the healthcare system. Pele box is a simple wall of lockers, controlled by a digital system. Healthcare workers stock the lockers with prescription refills, log the medicine on the system, and secure each locker. Pele box then sends patients a one-time PIN, which they use to open their locker and access their medicine. Hutiri wins the first prize of £25,000 (463,000 ZAR). Four finalists from across sub-Saharan Africa delivered presentations at an awards ceremony in Kampala, Uganda, on 4 June 2019, with the Africa Prize judges and a live audience voting for the most promising engineering innovation.
- Corporate Council on Africa set to host 1000+ Business & Govt leaders at its 12th U.S Africa Business Summit in Maputo, Mozambique this June:
Corporate Council on Africa (CCA) will co-host with the Government of Mozambique the 12th U.S.-Africa Business Summit on June 18-21, 2019 at the Joaquim Chissano International Conference Center, in Maputo, Mozambique. The Summit will bring together more than 1,000 U.S. and African private sector executives, international investors, senior government officials and multilateral stakeholders. Since its inception in 1997, the U.S.-Africa Business Summit has been considered an essential conference for anyone doing business in Africa. Leveraging over twenty years of expertise, CCA has designed its upcoming U.S.-Africa Business Summit to address the rapidly evolving models for business and investment on the continent by providing a platform for value-driven engagement, solutions-driven dialogue and mutually beneficial partnerships. Specifically, the Summit will serve as a platform for delegates to hear from leading U.S and African industry experts on best practices in sectors including agribusiness, energy, health, infrastructure, ICT, finance, housing, security and more; explore new business opportunities, meet potential business partners and obtain real-time leads; and advocate to shape effective U.S.-Africa trade and investment policies.
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