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Corporate Council on Africa's latest news updates

Published 14 hours ago5 minute read

(Posted 15th May 2025)


Artificial Lawyer
Global law firm DLA Piper is expanding the reach of its genAI-supported training programme, which it describes as like a ‘legal flight simulator’ – albeit that human experts still play a key role. Artificial Lawyer hears all about the initiative from the firm. See In-depth AL Interview below….Read more>>


Bloomberg
Citigroup is in talks with several African governments, including those of Benin and Namibia, as part of a push to expand its presence on the continent. The move is part of a broader effort by the U.S. bank to target high-potential markets where foreign investment is gaining ground, according to a report by Bloomberg....Read more>>


Business Insider Africa
South Africa is set to appoint a new ambassador to the US following the expulsion of former envoy Ebrahim Rasool in March 2025. International Relations Minister Ronald Lamola has confirmed that President Cyril Ramaphosa will name a successor once Special Envoy Mcebisi Jonas lays the groundwork for restoring bilateral ties….Read more>>


The Africa Report
State Department’s acting Assistant Secretary for African Affairs Troy Fitrell lays out a six-point trade engagement plan with the continent. US President Donald Trump will host African leaders from across the continent by the end of the year, the State Department’s top Africa official announced today….Read more>>


DW
HIV patients are losing access to medication, while healthcare programs have come to a halt. What impact are the Trump administration’s USAID cuts having on healthcare in Africa?For the inhabitants of remote South African villages, getting access to medication is a challenge. HIV patients like 19-year-old Nozuko Majola must travel more than an hour to get the vital antiretroviral medication they need. But it wasn’t always like this…Read more>>


BBC
Zambia says it has acted to halt the “systematic theft” of medical donations, after the US announced it was pulling the plug on $50m (£37m) of health sector funding to the country. Malaria, HIV and TB treatment will become scarcer as a result of the US’s decision….Read more>>


African Development Bank Group
African Development Bank Group Executive Director Rufus N. Darkortey delivered a compelling call to action for countries across Africa and the Caribbean to “reimagine economic growth” through bold and innovative homegrown solutions during a keynote address at the Africa-Caribbean Infrastructure Forum last month. Speaking at the high-level gathering held on the margins of the World Bank/IMF Spring Meetings on 25 April in Washington DC, Darkortey outlined a vision for “a new development compact” centered on domestic resource mobilization and private sector development to fast-track their transition from low to middle-income status…Read more>>


NewsWire
In a bold move to reshape Africa’s position in the global economy, Haim Taib, Founder and President of the Menomadin & Mitrelli Group, announced today, in partnership with Angola Sovereign Fund, the launch of a $1 billion Lobito Corridor Impact Development (LCID) Platform. This landmark private initiative will fuel sustainable, inclusive development across Angola, through the DRC, and into Zambia…Read more>>


Farmers Review Africa
Under the banner “Beyond Borders,” the bank will showcase how it is helping unlock Africa’s agricultural potential through technology, climate-smart finance, and cross-border collaboration. According to Louis van Ravesteyn, Head of Agri Business at Standard Bank, this year’s NAMPO theme, “Global agriculture, locally rooted,” aligns seamlessly with Standard Bank’s approach…Read more>>


TechAfrica News
In Africa, the conversation around connectivity is no longer about catching up but it’s about defining what kind of digital future we want to build. For years, the focus has been on infrastructure, on bridging the gaps, on making sure people can get online. But in 2025, we’re well past the point where connectivity is a luxury or a long-term aspiration. It’s the baseline. And yet, for millions across the continent, it’s still out of reach…Read more>>


The New Times
MTN Group President and CEO, Ralph Mupita, paid a courtesy visit to Hon. Paula Ingabire, Rwanda’s Minister of ICT and Innovation, during a recent trip to Kigali. The visit also included engagements with the leadership teams of MTN Rwandacell PLC and Mobile Money Rwanda. In their discussions, Mupita and Minister Ingabire exchanged insights on key developments in the ICT sector, with particular focus on the outcomes of the inaugural AI Africa Summit, hosted in Kigali in April 2025…Read more>>


Africa Development Bank Group
On Monday 12 May in Cotonou, the African Development Bank and the Bank of Africa Benin (BOA-Benin) signed a €15 million guarantee agreement to strengthen the Bank of Africa’s trade finance activities in Benin and support Beninese businesses. The signing of this agreement represents an important milestone in the African Development Bank Group’s commitment to Benin’s private sector, in support of the government’s efforts to fortify the country’s financial sector….Read more>>


Semafor
Climate finance in Africa needs a radical rethink. A year on, the world of aid and development cooperation has been upended by severe cuts to the US aid budget. Add to that acute aid fatigue in Europe. Yet Africa is still nowhere near receiving the $3 trillion experts say it needs to adapt to and mitigate the effects of climate change….Read more>>

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ATC News by Prof. Dr. Wolfgang H. Thome
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