Tag: industry

Historic Memorandum of Understanding signed between 12 Private Sector Automotive Associations in Africa and Europe to develop the Automotive industry in Africa

A memorandum of understanding was signed virtually between 12 Automotive Associations within the ambit of the EU – Africa Business Forum 2022 on 16 February with the aim of driving the development of the Automotive Industry in Africa. The Automotive sector whilst key for the industrialisation of Africa is often associated with several challenges including, persistent market fragmentation, lack of regulatory alignment between African countries and the two continents, industrial and trade policies not conducive to local and foreign investment, […]

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At Senegal’s home of vaccines, African Development Bank President reiterates commitment to Africa’s pharmaceutical industry

Bank President visits pioneering Covid-19 vaccine production center, discusses $3 billion investment in the pharmaceutical industry African Development Bank Group President Dr. Akinwumi A. Adesina has reiterated the Bank’s commitment to ensuring that the continent’s 1.4 billion people gain greater access to quality healthcare. Adesina spoke during a visit to Senegal’s Institut Pasteur de Dakar, a biomedical research center that has been at the forefront of Africa’s fight against Covid-19. Calling for an end to vaccine inequality, Adesina observed that […]

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African Development Bank and AfCFTA Secretariat partner to stimulate industry

African Development Bank Group President, Dr. Akinwumi A. Adesina, said on Friday that the Bank will integrate the African Continental Free Trade Area (AfCFTA) into its country and regional integration strategies. Receiving AfCTA Secretary-General Wamkele Mene, in Abidjan on 29 October, Adesina said “the implementation of the free trade area will become a key component of the Bank’s lending program. We want to have a critical mass of AfCFTA-aligned investments.” Adesina said the Bank would support the AfCTA Secretariat in […]

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AAAM and the German Cooperation partner to develop an Ethiopian Automotive Industry Development Policy and a Center of Excellence Pilot Programme

The African Association of Automotive Manufacturers (AAAM) has been appointed by the Special Initiative on Training and Job Creation to develop an Automotive policy for the Ethiopian government that will encourage global Original Equipment Manufacturers (OEMs) and component manufacturers to invest in Ethiopia. In addition, an automotive training programme for existing assemblers and workshop owners will be developed and piloted along with the development of a foundational concept note for the creation of a Centre of Excellence to train local […]

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Senegal: President Calls for Better Industry Communication, Local Content Amendment

The President made this announcement in a meeting he chaired on 9 February 2021, in which talks were held to assess the state of oil and gas project execution in Senegal H.E. Macky Sall, President of the Republic of Senegal has directed (https://bit.ly/3tYWRUe) that information exchange in the oil and gas sector be improved, in order for all participants to be equally well informed. The President made this announcement in a meeting he chaired on 9 February 2021, in which […]

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Angola’s oil and gas industry can thrive alongside its rich Biodiversity

by Verner Ayukegba Angola can balance environmental protections with ongoing hydrocarbon exploration, just as is foreseen by its constitution Last month, reports that Angola was drafting legislation to permit oil, gas and mining activities in 14 national conservation areas, including the Luengue-Luiana National Park, which represents part of the Kavango-Zambezi Transfrontier Conservation Area stretching across Angola, Namibia, Botswana, Zambia and Zimbabwe led to protests by environmentalist groups. Local environmentalists were outraged, likely weary of test drilling that had begun days […]

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