Category: English

Source: APO – Report:

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By Pamela Coke-Hamilton, Executive Director, International Trade Centre, and Benedict Oramah, President and Chairman, Afreximbank (www.Afreximbank.com). 

The share of bilateral exports between Africa and the Caribbean, despite extensive shared history, has never surpassed 6%, according to an ITC and African Export-Import Bank (Afreximbank) study, leaving much room for growth of up to $2.1 billion within the next 5 years according to new studies. Key to this growth is adding value in priority sectors, such as minerals, processed food, , manufactured products, transport, travel and creative industries.  

We’re living in precarious times.

In an era marked by global economic uncertainty, geopolitical tensions and fragmented supply chains, Africa and the Caribbean are at a critical juncture.

Most Caribbean countries now face a blanket 10% tariff on (https://apo-opa.co/455uBCM) goods exported to their biggest trading partner, the United States – which takes 40% of its total exports. The so-called reciprocal tariffs on African nations  (https://apo-opa.co/4lIyzZ7)ranges from 10-50%, with Lesotho facing the single highest tariff of all US trading partners, nullifying preferences granted through the African Growth and Opportunity Act (AGOA). 

These are real challenges, especially for smaller firms that are having to adapt with little time and often scarce resources. But there are also promising prospects on the horizon—if we dare to seize them.

Africa, for one, is now moving into full, accelerated implementation of the African Continental Free Trade Agreement (AfCFTA), arguably the biggest decision made by African Heads of Government in six decades. This treaty has the power not only to revolutionize African trade and development, but also to equip African countries with stronger negotiating power in multilateral arenas—therefore boosting their collective ability to change the terms of global trade.  

The Caribbean, with its smaller, remote and import-dependent economies, is one of the region’s most vulnerable to external shocks, whether from tariff escalations, climate disasters or supply chain disruptions. But it also has a chance to invest in long-term stability and economic growth by diversifying exports and trading partners, processing goods before export to retain more value, and strengthening regional and international trade ties.

While many are taking a wait-and-see approach on what this next phase of global trade will look like, for Africa and the Caribbean, this is an approach that neither can afford. With the longstanding sociocultural history shared by the two regions, the time is ripe to forge far deeper ties through mutually beneficial, trade-led economic growth and development—and serve as a model of South-South cooperation that inspires others to follow in their footsteps.

Investing in interregional, value-added trade

Despite efforts at regional integration, trade between Africa and the Caribbean remains minimal. ITC data shows that bilateral trade has never exceeded 6% of total exports for either region. In fact, African exports to the Caribbean have declined since 2014 and have been close to 0.1% since 2020, while Caribbean exports to Africa remain volatile, from just 0.8% of total exports in 2020 to 2.3% in 2022.

There is room to grow, from the current $729 million in interregional trade to potentially $2.1 billion within the next 5 years, if trade barriers are slashed and investments are made in key sectors.

A formalised trade corridor could reduce regulatory divergence and non-tariff barriers. For instance, Caribbean rum exporters currently face an 88% tariff when selling to African markets—a significant barrier to growth.

But removing or lowering trade barriers alone is not enough.

Access to trade and Investment finance are vital for tapping into the major untapped growth potential in trade in value-added goods. This is critical for priority sectors like minerals and metals, processed food and animal feed, manufactured products, travel,  transport and creative industries, where the regions have comparative advantages and synergies are possible. Trade between the regions currently relies heavily on unprocessed commodities, which reflects missed opportunities for industrial collaboration, innovation and economic diversification.

Afreximbank’s presence in the region, through its Barbados office established about two years ago is set to significantly boost trade between the two regions. This is further strengthened by the ongoing project to create the Afreximbank African Trade Centre (AATC), and the initiative to create the CARICOM Eximbank – an Afreximbank subsidiary. Additionally, the CARICOM Payment and Settlement System (CAPSS), being developed by Afreximbank and CARICOM central banks, will deepen and improve efficiency of intra-CARICOM payments in national currencies. Through its integration with the Pan-African Payment and Settlement System (PAPSS), CAPSS will accelerate integration of financial systems of the two regions while boosting Africa-Caribbean trade and investments.

In the fast-growing creative economy, for instance, both regions already have longstanding traditions in textiles, ceramics and woodwork, and can build on their shared cultural heritage. The collaboration between African and Caribbean designers, musicians and artists also offers significant potential for growth.

Afreximbank Creative Africa Nexus (CANEX) has highlighted fashion, design and crafts as a priority value chain, and has doubled programme funding from $1 billion to $2 billion for the next three years, aimed at providing infrastructure, financing and resources to scale Africa and diasporic creative industries globally. The Bank is also developing a $500 million private equity film fund to support African filmmakers. These efforts reflect the scale of ambition required to transform the creative industries into global growth engines.

Breaking bottlenecks

To take advantage of these economic growth opportunities, foundations need to be laid. The major hurdles in enhancing Africa-Caribbean trade include weak institutional frameworks, logistical inefficiencies and infrastructural gaps. Despite their geographic proximity—just 1,600 miles apart—the lack of direct transport links and weak regulatory frameworks make trade between the two regions cumbersome.

Logistics, unfortunately, remains a major bottleneck. ITC data show that 57% of unrealized trade potential stems from logistical challenges. Both regions score poorly on the logistics index, according to the World Bank, ranking among the lowest in the world in terms of transport efficiency. Investing in interregional infrastructure will be key, including direct maritime and air transport links, improving ports and enhancing digital infrastructure.

For example, the Afreximbank has an ongoing $3 billion credit facility for CARICOM countries, to boost trade infrastructure and the competitiveness of small businesses. These are the types of arrangements, when replicated, that make a difference in the long term.

Empowering small businesses to seize the moment

But all of this could be for naught unless both regions’ small businesses are empowered to act and seize these opportunities for themselves. The Strengthening AfriCaribbean Trade and Investment Project, an initiative spearheaded by Afreximbank and the ITC, is forging vital links between the private sectors of Africa and the Caribbean. This ambitious endeavour aims to cultivate not only strategic commercial partnerships but also cultural connections. In collaboration with the Caribbean Private Sector Organization and the African Business Council, the project empowers both regions to unearth business opportunities and stimulate business-to-business exchanges, paving the way for a dynamic synergy to elevate the economic landscape of both Africa and the Caribbean.

Small businesses are the backbone of the African and Caribbean economies but remain underrepresented in trade. The first-ever Global Small and Medium-sized Enterprises Ministerial Meeting, was hosted by ITC and the Government of South Africa in Johannesburg this month, in the year of South Africa’s G20 Presidency, which positioned small businesses as key players in global trade reform. Afreximbank enabled the participation of 15 ministers to attend, 10 from Africa and five from the Caribbean. Days later, the AfriCaribbean Trade and Investment Forum (ACTIF) will kick off in St. George’s Grenada from 28 to 30 July 2025, where the work to increase trade and investment between the two regions will continue. To participate, please visit https://ACTIF2025.com.

Our alliance is more than just a response to global uncertainty; it is a blueprint for inclusive, resilient and opportunity-driven trade in the 21st century. Together, Africa and the Caribbean can showcase South-South trade as a solution in a time of great change.

– on behalf of Afreximbank.

Source: APO – Report:

Mark W. Menezes, President and CEO of the United States Energy Association (USEA), joins a roster of high-level speakers at this year’s African Energy Week (AEW): Invest in African Energies 2025 conference – taking place from September 29 to October 3 in Cape Town. Bringing decades of experience bridging public and private sector energy leadership, Menezes’s participation at AEW: Invest in African Energies 2025 underscores the U.S.’s enduring commitment to supporting Africa’s energy transformation through strategic partnerships, technical assistance and investment facilitation.

At the helm of the USEA, Menezes oversees the Energy Utility Partnership Program (EUPP), a flagship initiative supported by the U.S. Agency for International Development, which supports national utilities and energy institutions across sub-Saharan Africa in expanding access to electricity, integrating renewable energy, improving grid stability and strengthening institutional capacity. The USEA currently operates in more than a dozen African countries, with long-standing partnerships in Uganda, Kenya, Tanzania, Senegal, Djibouti and Ethiopia as well as across regional power pools like the Southern African Power Pool (SAPP), Eastern Africa Power Pool and the West Africa Power Pool.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

In Uganda, the USEA has partnered with the country’s Uganda Electricity Generation Company, the Uganda Electricity Transmission Company and major distribution companies including Umeme and the Uganda Electricity Distribution Company. Through a wide-ranging support program, USEA has delivered significant results including the development of a national Energy Mix Diversification Strategy, the certification of asset management personnel and significant cost savings by replacing foreign contractors with locally trained hydropower maintenance teams.

Meanwhile, in Kenya, the USEA supports utilities including the Kenya Electricity Transmission Company and other public and private entities through the East Africa Regional Transmission Planning Program. The initiative has helped develop the region’s first integrated load flow planning model to strengthen cross-border energy planning between Ethiopia, Kenya, Tanzania, Rwanda and Burundi. The USEA has also been deeply engaged in Senegal since 2015, supporting the country’s national electricity company SENELEC in managing a growing portfolio of energy projects through technical assistance in project management, procurement and power system modeling. In Ethiopia, the USEA played a key role in the drafting and passage of the country’s Geothermal Resource Development Proclamation, which created the legal foundation for private investment in Ethiopia’s vast geothermal potential. The USEA also helped Ethiopia Electric Power secure a $7.7 million grant through the African Union Commission’s Geothermal Risk Mitigation Facility to advance development of the Alalobeda geothermal field.

Meanwhile, the USEA, in collaboration with the SAPP, facilitated executive exchanges, helped reform governance bylaw and supported the development of regional frequency and environmental guidelines aligned with international standards. As such, AEW: Invest in African Energies 2025 is set to serve as a critical platform for the USEA to deepen its partnerships with African utilities, regulators and private sector stakeholders. As Africa continues to balance the urgent need for energy access with long-term sustainability and industrialization goals, the USEA’s technical support, training programs and planning tools offer frameworks for reform and investment readiness.

“Through the USEA and programs like EUPP, African countries are building stronger, smarter and more resilient energy systems. AEW: Invest in African Energies 2025 will provide the ideal forum to accelerate this momentum,” states Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy Chamber.

– on behalf of African Energy Chamber.

About Mark W. Menezes:
Mark W. Menezes is President and CEO of the United States Energy Association, representing 150 members across the U.S. energy sector. A former U.S. Deputy Secretary and Under Secretary of Energy, he managed a $34 billion budget and oversaw national labs, nuclear programs, and major energy initiatives. Menezes has held senior roles at Berkshire Hathaway Energy, in Congress as Chief Counsel for the House Energy & Commerce Committee, and as a partner at Hunton & Williams LLP. He founded Global Sustainable Energy Advisors and teaches energy law at Georgetown. He holds degrees from LSU and is licensed in D.C., Texas, and Louisiana.

Source: APO – Report:

• Merck Foundation has made history by training the first local Embryologists and Reproductive & Fertility Experts in many countries such as The Gambia, Liberia,  Burundi, Guinea, Chad, Niger, Sierra Leone, Malawi, and Congo. Moreover, supported training for the staff of First Public IVF Centers in Rwanda, Burundi, Ethiopia, Niger, Bangladesh, and Myanmar.

• Merck Foundation launched “More Than a Mother Animation Film” that raises awareness about breaking infertility stigma, infertility prevention and male infertility, watch here: https://apo-opa.co/44PGUEB

Merck Foundation (www.Merck-Foundation.com), the philanthropic arm of Merck KGaA Germany, marks ‘World ART (Assisted Reproductive Technology) Day 2025’ together with African and Asian First Ladies, who are also the Ambassadors of “Merck Foundation More Than a Mother” Campaign, by building and advancing fertility care capacity in Africa and Asia.

Senator, Dr. Rasha Kelej, CEO of Merck Foundation and President of “More Than  a Mother” emphasized, “At Merck Foundation we mark World Assisted Reproductive Technology Day by building Fertility and Reproductive Care capacity and empowering infertile women by improving their access to information, change of mindset and quality & equitable fertility care across Africa & Asia as part of our “More than a Mother” campaign.

I am very proud to share that we have provided till today 716 scholarships of Embryology, Fertility and Sexual & Reproductive care to young doctors from 41 countries in Africa and Asia to be the local Embryologists, Fertility & Reproductive care experts in their countries. Moreover, many of our Alumni were trained to be the first local experts in their countries where they never had even a single local embryologist or fertility specialist before our program such as; The Gambia, Burundi, Guinea, Chad, Niger, Sierra Leone, Liberia, Malawi, Congo , Mozambique and more.

Together with African First Ladies, and other important partners, we are making history and reshaping the landscape of fertility & Reproductive care across Africa and beyond”, added Dr. Kelej.

Merck Foundation “More Than a Mother” is a powerful campaign that defines interventions to build quality and equitable Reproductive and Fertility Care Capacity, Break Infertility Stigma and Raise Awareness about Infertility Prevention and Male Infertility.

Merck Foundation has provided 2280 scholarships for doctors from 52 countries in 44 critical and underserved medical specialties.

“To give an overview, out of our total 716 scholarships for Fertility and Reproductive care, we have provided more than 324 Scholarships for clinical and practical training to Fertility Specialists and Embryologists, and more than 392 Scholarships for PG Diploma and Master Degree in Sexual and Reproductive Medicine, Clinical Psychiatry, Women’s Health, Biotechnology of Human Assisted Reproduction & Embryology, Urology, Laparoscopic Surgical skills and Family Medicine to doctors from 41 countries across Africa and Asia. We are proud of this achievement”, added Dr. Rasha Kelej.

According to WHO data, more than 180 million couples in developing countries – that is 1 in every 4 couple, suffer from infertility. In many cultures in Africa, infertility is a huge stigma. Women are solely blamed for failing to conceive and the social stigma of childlessness, especially for women leads to isolation and stigmatization and results in discrimination and ostracism. This mostly also leads to divorce or physical or psychological violence. As a part of “More Than a  Mother” Campaign, Merck Foundation has launched many initiatives to break this stigma and create a culture shift.

Merck Foundation has also been empowering childless and infertile women through their “Empowering Berna” initiative under their “More Than a Mother” movement. This initiative helps women who cannot be treated for infertility anymore by helping them get trained to establish small businesses so that they can be independent and rebuild their lives. Through ‘Empowering Berna’, the lives of many infertile women have been transformed in many African countries like Kenya, Uganda, Nigeria, Central African Republic, Niger, Malawi, and many more.

“It’s all about giving every woman the respect and the help she deserves to lead a fulfilling life, with or without a child,” added Dr. Kelej.

Moreover, Merck Foundation has trained more than 3700 media representatives from more than 35 countries to raise community awareness and break the stigma around infertility and infertile and childless women.

Merck Foundation in partnership with Africa’s First Ladies, has also launched ‘More Than Mother’ Children’s storybook to emphasize strong family values of love and respect from a young age which will reflect on eliminating the stigma of infertility and the resulted domestic violence in the future. The storybooks have been localized for each country and in three languages, English, French and Portuguese to better connect with the young readers. The book has also been adapted to an animation film.

Watch More Than a Mother Animation Film here: https://apo-opa.co/44PGUEB

Merck Foundation’s pan African TV program “Our Africa”, that is conceptualized, produced, directed, and co-hosted by Senator, Dr. Rasha Kelej, CEO of Merck Foundation and features African Fashion Designers, Singers, and prominent experts from various domains with the aim to raise awareness and create a culture shift across Africa, has many episodes dedicated to raise awareness about infertility and breaking infertility stigma.

Watch the episodes here:

Episode 3: https://apo-opa.co/44OQc3I

Episode 5: https://apo-opa.co/4f6JZDz

Episode 10: https://apo-opa.co/4lgc7Wx

Merck Foundation has also released about 30 songs, many of these songs have been created with the aim to break the infertility stigma, as a part of their “More Than a Mother” campaign. Listen to some of the songs here:

1. Watch, share & subscribe to the ‘Plus qu’une MERE’ composed and sung by Ms. Lucky-Lou, the daughter of The President and The First Lady of Burundi: https://apo-opa.co/46YM2aD
2. Watch, share & subscribe to the “More Than a Mother” song by Cwesi Oteng and Adina from Ghana: https://apo-opa.co/3H5X2bP
3. Watch, share & subscribe to the “More Than a Mother” song by Zambian Soul Singer Wezi: https://apo-opa.co/4f3DIIM
4. Watch, share & subscribe to the “More Than a Mother” song by Sunita Daffeh from the Gambia: https://apo-opa.co/471MBAx

Listen to all “More than a Mother” songs here:

https://apo-opa.co/4mai2wX

“To address this important issue of breaking infertility stigma and also a wide range of other social issues, we annually launch Merck Foundation ‘More Than a Mother’ Awards in partnership with African First Ladies. I would also like to invite the African Community of Media, Fashion, Filmmaking, and Musicians, students, and potential talents in these fields to apply for the awards this year by sharing their creative work on submit@merck-foundation.com”, concluded Senator, Dr. Rasha Kelej.

– on behalf of Merck Foundation.

Addtional Images: 
https://apo-opa.co/4f3DDEY

Contact:
Mehak Handa
Community Awareness Program Manager 
Phone: +91 9310087613/ +91 9319606669
Email: mehak.handa@external.merckgroup.com

Join the conversation on our social media platforms below and let your voice be heard:
Facebook: https://apo-opa.co/4f6SOgJ
X: https://apo-opa.co/4f9yYRV
YouTube: https://apo-opa.co/4lIrMyD
Instagram: https://apo-opa.co/4mgf4XZ
Threads: https://apo-opa.co/3IEKOaL
Flickr: https://apo-opa.co/4lIrQ1l
Website: www.Merck-Foundation.com
Download Merck Foundation App: https://apo-opa.co/3GR2fEp

About Merck Foundation:
The Merck Foundation, established in 2017, is the philanthropic arm of Merck KGaA Germany, aims to improve the health and wellbeing of people and advance their lives through science and technology. Our efforts are primarily focused on improving access to quality & equitable healthcare solutions in underserved communities, building healthcare and scientific research capacity and empowering people in STEM (Science, Technology, Engineering, and Mathematics) with a special focus on women and youth. All Merck Foundation press releases are distributed by e-mail at the same time they become available on the Merck Foundation Website.  Please visit www.Merck-Foundation.com to read more. Follow the social media of Merck Foundation: Facebook (https://apo-opa.co/4f6SOgJ), X (https://apo-opa.co/4f9yYRV), Instagram (https://apo-opa.co/4mgf4XZ), YouTube (https://apo-opa.co/4lIrMyD), Threads (https://apo-opa.co/3IEKOaL) and Flickr (https://apo-opa.co/4lIrQ1l).

Source: APO – Report:

Angola’s upstream regulator the National Oil, Gas & Biofuels Agency (ANPG) has joined Africa’s largest energy event – African Energy Week (AEW): Invest in African Energies – as a Diamond Partner. The ANPG’s participation comes as Angola witnesses a $60 billion investment drive across its upstream oil and gas industry between 2025 and 2030, led by a series of ambitious exploration and production projects. As the country strives to sustain oil production above one million barrels per day (bpd) while diversifying the industry through non-associated gas development, AEW: Invest in African Energies 2025 will serve as a vital platform for advancing investment across Angola’s blocks.

Angola’s upstream capital expenditure drive is largely accredited to the ANPG’s multi-year licensing strategy – launched in 2019 -, which laid the foundation for greater investment in both brownfield and greenfield blocks. Through this strategy, the ANPG aims to award 50 concessions by 2025, with 30 new concessions already awarded to date. Currently, the ANPG is preparing to launch its next licensing round in 2025, offering ten blocks for investment in the offshore Kwanza and Benguela basins. At AEW: Invest in African Energies 2025, insights into this licensing strategy will support future investments in Angola.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit https://AECWeek.com/ for more information about this exciting event.

Beyond the multi-year licensing strategy, the ANPG has introduced a series of flexible investment structures that enable operators to invest in Angolan blocks out of the confines of traditional bid rounds. Through its permanent offer program, the ANPG has enticed spending across blocks that have not been awarded under the bid rounds. At present, up to 11 blocks are available on direct negotiation. Meanwhile, the country also launched five marginal fields for investment in 2024. These fields are suited for smaller players seeking near-term production and are situated in producing blocks with proven petroleum systems. The ANPG also introduced an Incremental Production Initiative in 2024, aimed at enticing investment in producing and maturing assets. The program features improved fiscals for operators seeking to reinvest in ageing assets and has already yielded positive results. Energy major ExxonMobil, for example, made a discovery at the Likember-01 well in 2024. This find represented the first under the initiative.

These investment structures have laid the groundwork for billion-dollar projects in Angola. Between 2025 and 2028, the country expects several major projects to come online. These include the Cabinda Oil Refinery (2025); the Agogo Integrated West Hub Development (2025); the New Gas Consortium’s non-associated gas project (2026); and the Kaminho Deepwater Development (2028). The country is also spearheading onshore exploration with the aim of revitalizing production across inland basins. A range of onshore contracts have been signed by the ANPG and international operators in recent months, covering strategic acreage in the onshore Kwanza and Lower Congo basins. The ANPG also signed deals with XTG and ReconAfrica for exploration rights in the frontier Etosha-Okavango basin, with the companies targeting play-opening discoveries.  

As sub-Saharan Africa’s second largest oil producer, Angola is also making forays into non-associated gas development. With the majority of the country’s gas developed through associated projects, the country is targeting gas-focused exploration wells under efforts to enhance feedstock for the Angola LNG plant, increase LPG production and support long-term economic growth through gas-to-power, petrochemicals and job creation opportunities. In July 2025, project partners at Block 1/14 in the Lower Congo basin made a new gas discovery at the Gajajeira-01 exploration well. Initial assessments suggest reserves of up to one trillion cubic feet of gas and up to 100 million barrels of associated condensate. An upcoming Gas Master Plan – offering a comprehensive guide to investing in Angola’s gas industry – is expected to further support discoveries of this nature, affirming the country’s position as a major gas producer.

“The ANPG’s investment strategy is one that should be replicated across various African countries. It’s multi-year licensing round offers recurring opportunities for companies to invest in onshore and offshore blocks while its permanent offer program introduces flexibility for operators. Marginal fields entice smaller players to invest while incremental production encourages spending in producing assets. This strategy has already led to large-scale projects and will continue to strengthen Angola’s oil and gas market for years to come,” states Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber.

– on behalf of African Energy Chamber.

Source: APO – Report:

Coca-Cola Beverages Africa (CCBA) (www.CCBAGroup.com) has invested R365m in a new state-of-the-art bottling line capable of producing 72,000 bottles per hour at its plant in Midrand, South Africa.

The high-speed production line marks a South African first, producing Bonaqua Pump Still 750ml and Powerade 500ml packs with an innovative sports bottle cap. Beyond this milestone, the line will also produce Bonaqua Still in 330ml and 500ml packs, further driving the company’s efforts to expand its hydration category. Underscoring a commitment to innovation, the line will additionally produce the recently launched Powerade Springboks Edition.

“By launching this new line, we strengthen our ability to meet growing consumer demand and create shared value across the local value chain, including for our customers and communities,” said Moses Lubisi, Manufacturing and Technical Director at Coca-Cola Beverages South Africa (CCBSA), a company in the CCBA group.

“Importantly, this investment reaffirms the Coca-Cola system’s local approach – we produce locally, distribute locally and, where possible, source locally.”

“At CCBA, our passion for refreshing the continent drives everything we do,” said Sunil Gupta, Chief Executive Officer of CCBA. “This new production line in South Africa represents a key step in our ambitious growth plans in all our markets on the continent. It enhances our ability to meet consumer needs while reinforcing our commitment to delivering reliability and top-quality beverages across Africa.”

To help support the company’s environmental goals, the new production line features advanced technology to optimise water and energy use. Additionally, the line required skills training for employees, contributing to the development of a future-ready workforce for both the business and the country.  

– on behalf of Coca-Cola Beverages Africa.

ISSUED BY:
Motshidisi Mokwena
Head: Reputation and Communication Coca-Cola Beverages South Africa
Tel: +27 83 306 0349
Email: mmokwena@ccbagroup.com

Keli Fernie
Head: Reputation and Communication Coca-Cola Beverages Africa
Tel: +27 82 419 8766
Email: kfernie@ccbagroup.com

Follow us on: 
LinkedIn: https://apo-opa.co/456e7ua

About CCBA:
CCBA is the eighth largest Coca-Cola authorised bottler in the world by revenue, and the largest on the continent. It accounts for over 40% of all Coca-Cola ready-to-drink beverages sold in Africa by volume. With over 18,000 employees in Africa, CCBA group services more than 735,000 customers with a host of international and local brands. CCBA group operates in 15 countries, including its six key markets of South Africa, Kenya, Ethiopia, Uganda, Mozambique and Namibia, as well as Tanzania, Botswana, Ghana, Zambia, the islands of Comoros and Mayotte, Eswatini, Lesotho, and Malawi.

Learn more at  https://www.CCBAGroup.com

Source: APO

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Angola recorded the highest economic expansion since 2014, with real Gross Domestic Product (GDP) growth reaching 4.4% in 2024. According to the latest edition of the Angola Economic Update (AEU) published by the World Bank Group (WBG) today, titled Boosting Growth with Inclusive Financial Development, this growth was driven by the oil sector’s recovery and diamond extraction, along with strong expansion in commerce and fishing.

The report highlights that despite a rebound in economic activity in 2024, Angola still struggles with the lasting impacts of prolonged stagnation. From 2016 to 2020, the economy contracted by approximately 10.4%, averaging a 2.1% annual decline. This sluggish growth stemmed from structural challenges and heavy dependence on the oil sector, making it susceptible to global price fluctuations. Real GDP growth is projected at an average of 2.9% from 2025 to 2027, but this is unlikely to significantly improve living standards. Increased global uncertainty, including falling oil prices, emphasizes the need for Angola to diversify its economy and reduce reliance on oil.

“The Angolan economy is in urgent need of establishing a consistent pathway toward robust growth to address nearly a decade of stagnation and to improve conditions for poverty alleviation. There is optimism that the comprehensive economic reforms currently being implemented by the government will produce positive outcomes and unlock the country’s potential,” said Juan Carlos Alvarez, World Bank Country Manager for Angola. “The country must intensify its support for key sectors that can significantly contribute to the essential process of economic diversification. A deeper analysis of these sectors and the needed structural reforms are discussed in the Angola Country Economic Memorandum, also published today,” he added.

The AEU emphasizes the importance of promoting inclusive financial development in Angola to address the existing significant inequality and exclusion, particularly in rural areas where access to formal banking services is limited. Women and older adults are particularly affected. Compared to other countries in the region, Angolan households have less access to credit, savings, and digital financial services. Advancing financial inclusion can boost economic participation and resilience, leading to sustainable growth and poverty reduction. Access to banking, credit, and insurance empowers small businesses, farmers, and entrepreneurs, enhancing productivity and job creation. Moreover, financial inclusion can reduce income inequality by providing marginalized groups with opportunities to build assets and improve their well-being.

The report highlights that implementing key reforms can create a more robust and inclusive financial sector in Angola, essential for diversifying the economy and fostering growth and job creation. It emphasizes the need for broader access to financial services beyond Luanda, especially as Angola focuses on economic activities in the Lobito Corridor and develops secondary cities. Additionally, the rise of digital banking and mobile payments offers a significant opportunity to reach underserved populations, enhancing economic resilience and promoting inclusive development.

The report outlines essential reforms that Angola can implement to foster the growth of its financial sector and enhance accessibility in an inclusive manner. These reforms include:

1. Developing digital payments to expand access to financial services in remote areas.
2. Making digital payments more accessible and intuitive.
3. Establishing a favorable regulatory framework to increase access to finance for Microcredit and Small and Medium Enterprises (MSME).
4. Promoting lending to MSMEs and improving the transparency and market alignment of initiatives to finance MSMEs.
5. Implementing the Financial Action Task Force action plan and addressing deficiencies in the Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) Framework. 
6. Increasing access to insurance for individuals and MSMEs, including weather-based-index insurance for agricultural activities.

“While addressing financial inclusion in Angola has several challenges, particularly for low-income and rural communities, there are constructive opportunities to address these barriers. By implementing regulatory reforms, embracing digital innovations, and enhancing financial education, Angola can pave the way for a more diverse economy and unlock new avenues for growth and job creation,” said Benedicte Baduel, World Bank Senior Country Economist for Angola.

Distributed by APO Group on behalf of The World Bank Group.

Source: APO

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• In northern Nigeria, our teams are seeing an ever-increasing number of children in need of treatment for malnutrition.
• We have begun a preventive campaign in Mashi local government area, distributing nutrition supplements for 66,000 children.
• Urgent mobilisation is needed to save lives from this malnutrition crisis.

Northern Nigeria is currently facing an alarming malnutrition crisis. In Katsina state, for instance, where Médecins Sans Frontières (MSF) has been present since 2021, the teams are seeing an ever-increasing number of malnourished children in our therapeutic feeding centres, with increasingly severe conditions and higher mortality rates.

In collaboration with the local authorities, we have begun distributing nutrition supplements for 66,000 children in the local government area of Mashi, as a method for emergency prevention. In the context of drastic cuts in international funding, the need for prevention and treatment of malnutrition is enormous in northern Nigeria, and urgent mobilisation is required.

By the end of June 2025, nearly 70,000 children with malnutrition had already received medical care from our teams in Katsina state, including nearly 10,000 who were hospitalised in serious condition. Without taking into account the new healthcare facilities opened by MSF during the year in the state, this represents an increase of approximately one-third compared to last year.

In addition, between January and June 2025, the number of children with nutritional oedema,1 the most severe and deadly form of malnutrition, rose by 208 per cent compared with the same period in 2024. Unfortunately, 652 children have already died in our facilities since the beginning of 2025 due to a lack of timely access to care.

A worrying sign of the growing severity of this major public health emergency, is that adults—particularly women, including pregnant and breastfeeding women—are also affected. A screening carried out in July, in all five MSF malnutrition centres in Katsina state, on 750 mothers of patients, revealed that more than half of adult caregivers were acutely malnourished, including 13 per cent with severe acute malnutrition.

To cope with the massive influx of children expected by the end of the lean season in October, we have increased our support to the local authorities in several states in north Nigeria where we provide care to communities. In Katsina state for instance, we opened a new outpatient therapeutic feeding centre in Mashi and an additional inpatient therapeutic feeding centre in Turai, to provide a total of 900 beds in two hospitals where MSF teams work.

“The year 2024 marked a turning point in northern Nigeria’s nutritional crisis, with an increase of 25 per cent from the previous year,” says Ahmed Aldikhari, country representative of MSF in Nigeria. “But the true scale of the crisis exceeds all predictions. We are currently witnessing massive budget cuts, particularly from the United States, the United Kingdom, and the European Union, which are having a real impact on the treatment of malnourished children.”

Earlier this week, the World Food Programme (WFP) announced it will be forced to suspend all emergency food and nutrition aid for 1.3 million people in northeast Nigeria by the end of July due to “critical funding shortfalls”.2

“At the same time, we observe ever-increasing needs, such as in Katsina state, where an increasing number of people cannot afford to buy food anymore, even though it is available in markets,” says Aldikhari.

A food security survey carried out by humanitarian organisations in the local government area of Kaita, in Katsina state, before the lean season began at the start of 2025 revealed that over 90 per cent of households had reduced the number of meals they ate each day.

Across the north, other factors worsening the malnutrition crisis include disease outbreaks, which are worsened by low vaccine coverage, availability, and accessibility of basic health services, and other socioeconomic indices complicated by insecurity and violence.

“The most urgent way to reduce the risk of immediate death from malnutrition is to ensure families have access to food,” says Emmanuel Berbain, nutrition adviser at MSF. “This can be done through large-scale distribution of food or nutrition supplements, as we are currently doing in the Mashi area, or through cash distributions when and where it is possible.” 

The capacity to care for and treat malnourished children must also be expanded, both by increasing the number of beds in health facilities, and by providing funding and access to ready-to-use therapeutic food. These actions must be undertaken as a priority in areas where the needs, such as the number of malnourished children, are greatest.

People over the age of five, who are also increasingly affected by malnutrition but are currently not covered by any assistance, should also be included in prevention programmes.

On 8 July, His Excellency Nigeria’s Vice President Kashim Shettima publicly sounded the alarm on the scale of malnutrition in Nigeria, warning that it deprives almost 40 per cent of children under the age of five of their full physical and cognitive potential. He described the situation as a national emergency requiring urgent and collective action.

MSF treated over 300,000 children with malnutrition in seven northern states in 2024, a 25 per cent increase from 2023. In the northwest alone, where MSF tackles malnutrition in the states of Sokoto, Kebbi, Katsina, and Zamfara, we have already treated almost 100,000 children suffering from severe and moderate acute malnutrition in outpatient treatment centres in the first six months of 2025, and hospitalised around 25,000 malnourished children.

Distributed by APO Group on behalf of Médecins sans frontières (MSF).