Connect with us
Anglostratits

Business

The Intra-African Trade Fair 2025 (IATF2025) kicks off in Algiers as leaders call for acceleration in Intra-African trade

Published

on

IATF2025

The event is co-convened by African Export-Import Bank (Afreximbank), the African Union Commission and the AfCFTA Secretariat, and is projected to facilitate trade and investment deals worth over US$44 billion

ALGIERS, Algeria, September 5, 2025/APO Group/ –Africa’s premier trade and investment event, the Intra-African Trade Fair 2025 (IATF2025), officially opened in Algiers with calls for African countries to accelerate growth in Intra-African trade and boost economic integration.

Addressing delegates including African and Caribbean leaders, and business executives who graced IATF2025’s official opening ceremony in Algiers, the President of the People’s Democratic Republic of Algeria, H.E. Abdelmadjid Tebboune challenged the countries to deepen economic ties by increasing trade flows to drive growth, create jobs, and shield the economies from effects of current global geopolitical events.

The President stressed the need to enhance connectivity across the continent by addressing infrastructure gaps that will facilitate Intra-African trade. He listed Algeria’s ongoing regional infrastructural projects including the Trans-Sahara Road linking Algiers to neighbouring countries, the Algeria Gas Pipe securing the region’s energy needs, and optic fibre for digital sovereignty. This is besides enhancing air and maritime links with neighbouring countries.

Hosted by the People’s Democratic Republic of Algeria, IATF2025 is, for the next seven days, gathering thousands of visitors and buyers, as well as over 2,000 exhibitors from all over the world. The event is co-convened by African Export-Import Bank (Afreximbank), the African Union Commission and the AfCFTA Secretariat, and is projected to facilitate trade and investment deals worth over US$44 billion.

According to the Chairman of the IATF2025 Advisory Council and former President of the Federal Republic of Nigeria, H.E. Chief Olusegun Obasanjo, 48 African countries are participating in IATF2025 exhibitions, the largest so far since IATF’s founding in 2018.

“In the past editions spanning over eight years, IATF has demonstrated the power to connect buyers, sellers, investors, innovators, and governments from every corner of Africa and now global Africa. IATF has become the engine accelerating trade expansion and investment flows,” H.E. Obasanjo added.

Since inception in 2018, IATF has brought together over 4,500 exhibitors, attracted more than 70,000 participants from across 130 countries, and facilitated trade and investment deals exceeding US$118billion. Thousands of African businesses have connected with new partners and entered new markets through the platform.

H.E. Obasanjo highlighted the US$2.9 billion Julius Nyerere Hydropower Project (Rufiji Dam), one of Africa’s largest energy infrastructure undertakings among IATF’s many success stories. The deal was concluded at the 2018 Trade Fair in Cairo between Egyptian contractors and the Government of Tanzania and executed solely by African companies, becoming the largest Intra-African EPC deal in the continent.

IATF has demonstrated the power to connect buyers, sellers, investors, innovators, and governments from every corner of Africa and now global Africa

The Secretary General of the AfCFTA Secretariat, H.E. Wamkele Mene challenged leaders to accelerate implementation of AfCFTA to build resilience and safeguard the continent’s collective interests in light of the current global uncertainties and shifting trade patterns.

“Intra-African trade rebounded strongly in 2024, reaching $220.3 billion, a 12.4% increase from 2023, according to Afreximbank’s African Trade Report 2025. This recovery underscores growing confidence in Africa’s integration model under the AfCFTA. The data shows a gradual shift in the continent’s trade composition. While primary commodities still dominate, there is a clear growth in machinery, motor vehicles, food products, chemicals, and electronics. This shift signals our continent’s transition from raw commodity dependency toward industrial diversification, a shift that will only be sustained by stronger logistics and manufacturing value chains,” H.E Mene.

The Deputy Chairperson of the African Union Commission, H.E. Amb Selma Malika Haddadi noted that Africa contributes only 2.9% to global trade; and that while Intra-African trade still represents a small fraction of the continent’s overall trade, it has been steadily increasing, expanding by 27% between 2017 and 2023..

“Our internal trade can be a powerful agent for industrialisation. Indeed, unlike our international trade, Intra-African trade is mainly driven by manufactured products. While Africa’s exports outside the continent only constitute 20% of manufactured goods, 45% of trade between African countries comprises manufactured goods. Despite its potential, Intra-African trade still represents a mere 15% of total African trade. This imbalance is not only the result of an unfair international trade regime. It is also the result of choices we have made, and therefore choices we have the power to change. Intra-African trade is and should be our point of focus,” H.E. Haddadi added.

The President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank), Prof. Benedict Oramah noted that since 2018, IATF has proven to be a solid platform for launching winning ideas and initiatives, forging continental and global partnerships, unlocking critical funding, and visualising unprecedented market opportunities.

“IATF is proving to be a formidable platform for the new struggle for economic independence of all Africans, regardless of colour, creed, location, gender, or status. We believe that we have built a platform and supporting ecosystem where young Africans who may change the way the world reads, lives, interrelates, does business, and manages their health will one day emerge. The proof is in what we have seen emerge from this platform since 2018. IATF2025 marks a significant milestone in our journey towards attaining Africa’s economic emancipation, through intra-regional trade and investment,” Prof Oramah said.

The IATF2025 programme is designed for game-changing conversations, high-level negotiations, and vibrant cultural showcases all designed to accelerate Africa’s integration and economic transformation under the AfCFTA.

This year’s programme is packed with unmissable moments; notably the Global Africa Diaspora Day – celebrating the continent’s ties with its diaspora; the Algeria Investment Forum showcasing the host nation’s gateway potential; Arise Industrialisation Day driving value addition; Creative Africa Nexus (CANEX) spotlighting the power of Africa’s cultural industries; the Africa Automotive Show uniting the continent’s automotive manufacturing ecosystem; the Dangote Pavilion and Dangote Special Day celebrating intra-African trade and industrial champions; and the AU Youth Start-Up platform empowering the next generation of African entrepreneurs.

Additionally, on stage will be some of the most influential voices shaping the future of Africa and the Caribbean, together with many others from across government, business, innovation, energy, and agriculture, these voices will shape conversations that advance Africa and the Caribbean’s shared future.

For more information, please visit www.IntrAfricanTradeFair.com.

Distributed by APO Group on behalf of Afreximbank.

Home  Facebook

Business

Nigeria’s Upstream Reform Program Captures 40% of Africa’s Final Investment Decision (FID) Activity After a Decade on the Margins

Published

on

African Energy Chamber

A government three-year review documents how executive action under President Tinubu reversed a decade of upstream decline

JOHANNESBURG, South Africa, May 8, 2026/APO Group/ –Nigeria has gone from capturing 4% of Africa’s upstream final investment decisions (FIDs) to commanding 40% in two years, according to Nigeria’s Energy Sector Reforms 2023-2026: A Three-Year Review, published by the Office of the Special Adviser to the President on Energy and spearheaded by Special Adviser Olu Verheijen. The $50 billion project pipeline now in development beyond 2026 points to sustained capital commitment at a scale not seen in the Nigerian upstream for at least a decade.

 

Between 2014 and 2023, Nigeria was among the continent’s weakest performers for upstream FIDs despite holding 37.5 billion barrels of proven oil reserves, the second-largest endowment in Africa. Algeria captured 44% of African upstream FIDs during that period, Angola held 26%, while Nigeria trailed Mozambique, Ghana, Senegal and Namibia. In the third quarter of 2022, crude production briefly dropped below one million barrels per day, as years of underinvestment, pipeline vandalism and regulatory ambiguity compounded each other. However, reforms instituted by Nigeria’s President Bola Tinubu have dramatically turned this trend around. Through deliberate and coordinated steps, the government has reset the trajectory.

Addressing Fiscal Terms, Regulatory Scope and Contracting Speed

President Bola Tinubu’s administration moved simultaneously on fiscal terms and regulatory architecture. Policy directives in 2023 clarified the boundary of jurisdiction between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), resolving an ambiguity that had complicated project sanctioning. Presidential Directive 40 introduced targeted tax incentives, and a separate Notice of Tax Incentives for Deep Offshore Production in 2024 was designed to draw international oil companies (IOCs) back into capital-intensive, long-cycle deepwater projects. The VAT Modification Order 2024 and Upstream Cost Efficiency Order 2025 addressed the cost structures that had rendered marginal projects uneconomic. NNPCL contracting timelines were compressed from 36 months to a maximum of six months.

Four Divestments Transferred Onshore Control to Indigenous Operators

In parallel, the administration deployed targeted security directives and accelerated ministerial consents for four IOC asset transfers. Renaissance acquired Shell’s onshore portfolio. Seplat Energy completed its acquisition of ExxonMobil’s Nigerian upstream interests. Oando took over from Agip, and Chappal acquired Equinor’s local assets. The four transactions totaled approximately $4 billion. The transfer of onshore and shallow-water blocks to indigenous operators contributed directly to production recovery. Output rose by approximately 400,000 barrels per day between 2023 and 2025 to reach 1.6 million barrels per day, the highest onshore production level in 20 years.

When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds

Signed Projects Total $10 Billion, With a $50 Billion Pipeline Beyond

The reforms produced a concrete FID response from Shell and TotalEnergies. Shell Nigeria Exploration and Production Company (SNEPCo) sanctioned the $5 billion Bonga North deepwater development in December 2024 and committed a further $2 billion to the HI Non-Associated Gas (NAG) project. TotalEnergies and NNPCL took a joint FID on the $550 million Ubeta gas field development in June 2024.

Together those three commitments account for more than $10 billion in signed investment after a decade of near-zero sanctioning activity. The pipeline beyond 2026 spans a further $50 billion across 11 projects including Bonga South West, Owowo, Usan and Erha. Nigeria approved 28 field development plans valued at $18.2 billion in 2025 alone, targeting an estimated 1.4 billion barrels of reserves.

“When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Nigeria has done both, and the FID numbers are concrete proof.”

The Counterfactual Illustrates How Much Was at Stake

The presentation includes a no-reform projection that puts the gains in context. Without intervention, total crude and condensate production was on track to fall from 1.371 million barrels of oil equivalent per day in 2022 to 579,000 by 2030. Under the reform trajectory, output reached 1.77 million barrels of oil equivalent per day in 2026, with a stated government target of 3 million barrels per day. Export gas utilization rose 39% over the same period, while domestic utilization grew by 7%.

The durability of these gains will be tested by two factors: whether the institutional architecture put in place under the Tinubu administration holds over the long term, and whether the deepwater commitments signed in 2024 and 2025 advance to execution on schedule. The project pipeline is large enough that partial delivery would still represent a generational shift in Nigeria’s upstream output profile.

 

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Business

Angola Strengthens Global Investment Drive Across Oil, Gas and Mineral Resources

Published

on

Angola

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership

LONDON, United Kingdom, May 8, 2026/APO Group/ –At a defining moment in Angola’s economic transformation, the Critical Minerals Africa Group (CMAG) (https://CMAGAfrica.com), together with the Government of Angola and the Ministry of Mineral Resources, Petroleum and Gas of the Republic of Angola (MIREMPET), will convene global investors, policymakers, and industry leaders in London for the Angola Oil, Gas & Mining Investment Conference on 14 May 2026.

 

More than a conference, this gathering represents a strategic international engagement at a time when Angola is actively reshaping its economic future and positioning itself as one of Africa’s most compelling destinations for long-term investment in natural resources, infrastructure, and industrial development.

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership. The country’s leadership is sending a clear message to global markets: Angola is open for investment and ready to build transformational partnerships that support sustainable growth and economic diversification.

This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future

The event will be headlined by H.E. Diamantino Azevedo, Minister for Mineral Resources, Oil and Gas of Angola, whose leadership since 2017 has been central to advancing Angola’s mineral and hydrocarbons agenda. Under his stewardship, Angola has accelerated institutional reform, strengthened governance frameworks, promoted private sector participation, and prioritised sustainable resource development.

As global demand intensifies for critical minerals, energy security, and resilient supply chains, Angola is uniquely positioned to become a strategic partner to international investors and industrial economies. The country’s vast untapped mineral wealth, significant oil and gas reserves, expanding infrastructure ambitions, and commitment to economic diversification present a rare investment window for global stakeholders.

Speaking ahead of the event, Veronica Bolton Smith, CEO of the Critical Minerals Africa Group said:

“Angola stands at a pivotal point in its national development. The reforms taking place across the country’s extractive sectors are creating unprecedented opportunities for responsible international investment and strategic partnership. This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future as a globally competitive investment destination. We believe this moment represents one of the most important opportunities for international partners to engage with Angola’s leadership and participate in the country’s next chapter of economic transformation.”

The event is expected to attract a distinguished international audience, including sovereign representatives, institutional investors, mining and energy executives, infrastructure developers, development finance institutions, and strategic partners seeking direct engagement with Angola’s leadership.

Distributed by APO Group on behalf of Critical Minerals Africa Group (CMAG).

 

Continue Reading

Business

The Islamic Development Bank (IsDB) Group Successfully Concludes Private Sector Roadshow in Baku

Published

on

Islamic Development Bank

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan

BAKU, Azerbaijan, May 7, 2026/APO Group/ –The Islamic Development Bank Group (IsDB) affiliates (www.IsDB.org) – namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) – in cooperation with the Islamic Development Bank Group Business Forum (THIQAH), organized the “IsDB Group Private Sector Roadshow” in Baku, Azerbaijan, in close collaboration with the Ministry of Economy of the Republic of Azerbaijan and the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO).

 

The high-profile event which took place on Thursday, 7th May 2026, at Azerbaijan’s Ministry of Economy, came as part of ongoing preparations for the upcoming IsDB Group Annual Meetings and Private Sector Forum (PSF 2026), scheduled to take place from 16 to 19 June 2026, under the high patronage of His Excellency President Ilham Aliyev, the President of the Republic of Azerbaijan.

 

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan. It highlighted the Group’s ongoing support for private sector development and its efforts to stimulate promising investment and trade opportunities in the Azerbaijani market.

 

The event also served as a unique opportunity inviting the audience to participate actively in IsDB Group Annual Meetings and the Private Sector Forum (PSF 2026). The program included panel discussions and specialized workshops on ways to enhance economic partnerships and the role of IsDB Group’s institutions in supporting the needs of member countries. The spectra of services, solutions and financial tools were also presented, including lines and modes of Islamic financing, trade finance and trade development solutions, corporate private sector financing, as well as risk mitigation solutions plus investment insurance and export credit insurance services.

 

Keynote speakers, in their speeches, underlined strong commitment to deepening engagement with the private sector and fostering meaningful partnerships that drive sustainable economic growth in light of the upcoming IsDB Group Annual Meetings in Baku, all to showcase integrated solutions especially in Islamic finance, trade, investment, and risk mitigation while working closely and collectively with private sector partners to unlock new opportunities, support innovation, and empower businesses contributing to inclusive and resilient development across IsDB Group member countries.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

 

Continue Reading

Trending