The Pan-African Economy in Brief: Wednesday, June 9, 2021
Vale to Finalize Acquisition of Japanese Partner's Stake in its Mozambique Coal Assets in June:
Mining giant Vale is all set to lift the conditions precedent for the acquisition of Japanese Mitsui & Co's various stakes in the Moatize coal mine and the Nacala Corridor logistics project in Mozambique. This was the announcement made on June 8 by the Brazilian company, which said it would disburse $2.5 billion in equity on June 22 to complete the transaction.
Ethiopia opens coffee training center:
In order to raise the quality of its coffee, Ethiopia has opened a center to train professionals in the value chain. From farmers to researchers, the aim is to internationalize the practices of this sector which contributes to 5% of GDP and employs nearly 15 million people.
Cynthia Aïssi, the Senegalese woman at the helm of two successful businesses in Côte d'Ivoire:
In Côte d'Ivoire, Key Ops Tech and Fruitizz offer digital solutions for transporters and fruit juices respectively. Specifically, Key Ops Tech helps transport companies that travel to the country's inland cities to register and track all their mail and packages through an online platform and telephone operations. Fruitizz, on the other hand, is on a mission to raise awareness about healthy eating through its fruit juices.
Ada Labs and AiCE partner with Nvidia to train young African engineers in AI:
The Ada Labs Africa smart technology incubation center and the AI Center of Excellence (AiCE) announced on Wednesday, June 9, an initiative with Nvidia to train a new generation of African engineers in Artificial Intelligence (AI). The aim is to contribute to the digitalization of the continent through AI and to collaborate on a number of data science and AI projects.
TB Joshua: Death of one of the pioneers of Nigerian televangelism:
In Nigeria, the death of preacher TB Joshua, whose fortune was estimated by Forbes to be between $10 million and $15 million in 2011, provoked a variety of reactions. Very quickly, skeptics recalled the various scandals attached to this very controversial man. Indeed, numerous cases have tarnished the image of the founder of the Synagogue Church of All Nations (Scoan).