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Africa’s Business Heroes Launches 2025 Call for Applications, Building on Unprecedented Momentum

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ABH

Beyond funding, ABH finalists gain unparalleled media exposure and access to an exclusive network of Africa’s top business leaders, investors and fellow entrepreneurs

KIGALI, Rwanda, March 31, 2025/APO Group/ –Following the success of its 6th Summit and Grand Finale held in Kigali, Africa’s Business Heroes (ABH) (www.AfricaBusinessHeroes.org) – the Jack Ma Foundation’s flagship philanthropic initiative in Africa – is proud to announce the launch of its 2025 Call for Applications. This year, ABH is building on its momentum to deepen its impact across the continent by actively encouraging applications from typically underrepresented regions in entrepreneurship competitions, including Francophone and Central Africa.

In 2024, ABH saw a historic level of diversity:

  • 39% of applicants were women, with 60% of the Top 10 finalists being female entrepreneurs.
  • For the first time, a Top 10 finalist hailed from the Democratic Republic of Congo (DRC) – a powerful milestone for Central Africa.
  • And in another first, a Francophone entrepreneur – Henri Ousmane Gueye from Senegal – won the Grand Prize, marking a major moment for Francophone Africa.

Now in its 7th edition, ABH continues its mission to spotlight and support exceptional African entrepreneurs who are creating positive impact in their communities.

Why Apply? Unmatched Benefits for African Entrepreneurs

Winning a spot among the ABH finalists unlocks the resources and support needed to elevate a business. The Top 10 finalists share $1.5 million in grant funding, with the grand prize winner receiving $300,000, the first runner-up $250,000, and the second runner-up $150,000. The remaining finalists each secure $100,000, plus an additional $100,000 for global immersion training.

Beyond funding, ABH finalists gain unparalleled media exposure and access to an exclusive network of Africa’s top business leaders, investors and fellow entrepreneurs. This community enables high-level networking and collaboration as well as mentorship and strategic insights to help scale their ventures.

It’s about resilience – the courage to keep showing up, to learn, to grow and to keep believing in your vision even when the odds are tough

Throughout the competition, they also receive valuable feedback from seasoned professionals, strengthening their business acumen, storytelling and long-term growth trajectory.

A Testament to Resilience and Perseverance

ABH Managing Director for Africa, Zahra Baitie-Boateng, emphasized the resilience needed to succeed in entrepreneurship, highlighting two standout examples from the 2024 competition. “Henri Ousmane Gueye from Senegal won the Grand Prize on his third attempt, and Alexander Odhiambo from Kenya, our second runner-up, applied twice before reaching the Top 10. Their journeys are a powerful reminder that success at ABH isn’t just about taking home the prize. It’s about resilience – the courage to keep showing up, to learn, to grow and to keep believing in your vision even when the odds are tough. That’s the true spirit of entrepreneurship, and exactly what ABH celebrates.”

Eligibility Criteria

ABH welcomes applications from entrepreneurs across all sectors and African countries. To qualify, applicants must be the founder or co-founder of a business that is registered, headquartered, and primarily operating in Africa. They must be African citizens or direct descendants and have at least three years of revenue with proven market traction.

Application Process

The ABH competition offers valuable learning opportunities at every stage. Judges rigorously review applications in the first round, selecting the Top 50 based on merit. These finalists then face in-depth interviews with seasoned business leaders, who assess their potential and narrow the pool to the Top 20.

Following due diligence on the Top 20, they are announced and advance to the Semi-Final, where they pitch in person to a distinguished panel. Judges then select the Top 10, who compete in the Grand Finale’s live pitch competition to determine the winners of the $1.5 million grant funding.

How to Apply

Entrepreneurs eager to seize this opportunity can begin their journey by registering (https://apo-opa.co/4lc6DNy) an ABH account and confirming their eligibility. The application requires them to articulate their personal vision, business model and future plans, alongside submitting a reference and a video introduction. Aspiring business leaders across Africa are invited to take this bold step toward funding, mentorship and unparalleled exposure.

For more information and to apply, visit https://apo-opa.co/4lc6DNy.

Distributed by APO Group on behalf of Africa’s Business Heroes (ABH).

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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