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Global Africa Business Initiative’s (GABI) ‘Unstoppable Africa’ 2025 Puts Africa at the Center of Global Growth

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GABI

The gathering which took place at the Marriott Marquis, in Times Square, marked a decisive shift in the global conversation – from doing business in Africa to doing business with Africa – with energy, critical minerals, healthcare, education, and the creative industries driving a powerful narrative of Africa as the engine of the world’s next wave of growth. The event was held just ahead of the 80th United Nations General Assembly and was hosted by UN Secretary-General António Guterres and H.E. Mahmoud Ali Youssouf, Chairperson of the African Union Commission. CNN’s Larry Madowo and Al Jazeera’s Folly Bah Thibault returned as moderators.

In his opening remarks at Unstoppable Africa 2025, António Guterres, Secretary-General of the United Nations, highlighted Africa’s growing influence at a time of global disruption and opportunity.

“The world meets at a time of turbulence and opportunity, and Africa stands at the centre of that opportunity. Africa is home to the world’s youngest population, has vast energy resources, and extraordinary creativity across sectors -from fintech and agribusiness to fashion and artificial intelligence. Our challenge and responsibility is to turn these extraordinary possibilities into sustainable prosperity, in line with the Sustainable Development Goals, Agenda 2063, and the Pact for the Future.”

Ms. Sanda Ojiambo, Assistant Secretary-General and CEO of the UN Global Compact, added: “The time has come to embrace a new narrative for Africa. This narrative is imperative. We are shifting from doing business in Africa to doing business with Africa. Since our last forum, GABI has maintained momentum by convening alongside several African organizations and continues to do so.”

GABI was formed in 2022 to rebalance the way business is done in Africa. Its focus is on sustainable business aligned with Agenda 2063 and the SDGs. GABI prioritizes several themes: Energy, Trade, Digital Transformation, Food Systems, Education, Health, Fashion & Creative industries, and Sports.

GABI and its partners aim to build a strong, inclusive private sector that derisks economies, attracts investment, creates jobs, and promotes prosperous, sustainable communities across Africa.

​​​One highlight was a closed door meeting between the UN Secretary-General, Mahmoud Ali Youssouf, H.E. João Lourenço, President of Angola, UN Deputy Secretary-General, Strive Masiyiwa and other African business leaders. Fourteen CEOs and heads of multilateral organizations, representing companies based in 16 African countries with a combined revenue of US$22 billion, called on governments to do more to improve the business environment. They emphasized the need for policies that support industrial growth, regional trade, and long-term investment.

Founder and Executive Chairman, ECONET Global and Cassava Technologies, Strive Masiyiwa said: “Unstoppable Africa has become a powerful platform for African and global leaders, and the world’s biggest companies to engage with Africa.”

Unstoppable Africa has become a powerful platform for African and global leaders, and the world’s biggest companies to engage with Africa

Throughout the day, participants highlighted key priorities for Africa’s development, including expanding access to energy, accelerating clean energy adoption, improving healthcare and education, and supporting creative and sports industries.

Reflecting on Africa’s potential, H.E. Mahmoud Ali Youssouf, Chairperson of the African Union Commission, said: “Unstoppable Africa is more than a slogan. It is, first and foremost, a recognition of our potential and a determination to act, to transform the daily lives of African citizens. Building a just, sustainable, and prosperous world will be anchored in shared values, environmental stewardship, and equitable partnerships among governments, international institutions, the private sector, and civil society”.

A trade session explored Africa’s position in a rapidly changing global economy. In light of rising protectionism, tariff disputes, and the weakening of long-standing trade agreements, speakers examined how Africa can adapt to a more fragmented global landscape. World Trade Organization (WTO) Director-General Dr. Ngozi Okonjo-Iweala set the scene in a fireside chat, noting that global companies are seeking to diversify supply chains and that Africa stands out as a destination for growth. She highlighted opportunities in industries such as textiles and oil palm and emphasized that, with over one-third of key mineral reserves, local processing can support green energy supply chains.

H.E. João Lourenço, President of Angola, highlighted the potential of the Lobito Corridor to boost regional trade and industrial growth. He noted that the corridor connects the Atlantic and Indian Oceans, supports a broad economic zone, and can attract private investment to drive production, processing, and exports across Africa.

H.E. Duma Boko, President of Botswana, called for harmonized laws and systems across Africa to facilitate trade. He emphasized the importance of shared investment in infrastructure, including the Lobito Corridor, and urged stronger public-private partnerships, faster approvals, and streamlined processes to enable business growth.

Another session focused on Africa’s growing importance in the global supply of critical minerals essential to the energy transition and digital technologies. Hon. Bogolo Kenewendo, Minister of Minerals and Energy of Botswana, outlined plans to develop local hubs around mines to ensure processing and value addition happen within the country, keeping more economic value in Botswana and strengthening domestic industry.

Mr. Paul Hinks, Chairman and CEO of Symbion Power and HYDRO-LINK, highlighted the strategic importance of rare earths and other critical minerals. He noted global reliance on China for processing and emphasized the growing demand from partners like the United States for alternative, locally processed sources to strengthen supply chain resilience.

Dr. Rajiv Shah, President of the Rockefeller Foundation, highlighted that by the end of the week, 32 nations are expected to sign energy agreements detailing new policies and plans to expand electrification. African leaders also aim to mobilize over $50 billion in affordable finance, supporting Mission 300, the continent-wide goal to accelerate access to reliable power.

An insightful panel on financing Africa’s green industrial future highlighted the importance of local financial leadership in driving the continent’s energy transition. Alain Ebobissé, CEO of Africa50, called for Africans to take the lead in driving the continent’s development while engaging global partners. He emphasized the need for speed and increased investment, noting that African institutional investors manage over US$2 trillion, yet less than 3% is allocated to infrastructure. Increasing this to 5% could significantly close the funding gap. ​     ​

In the side event, the Africa Business Leaders Coalition (ABLC), convened a round table focused on unlocking trade in Africa. 14 CEOs representing over US$20 billion of annual turnover in Africa, shared candid feedback with the Deputy Chair and Commissioner for Economic Development, African Union Commission, Her Excellency, Selma Malika Haddadi, calling for harmonised regulations across the continent.

Day Two of Unstoppable Africa 2025 will continue with discussions on trade, digital innovation, food systems, and investment opportunities across the continent.

Visit HERE (https://apo-opa.co/46xX8lh) for Day 1 event photos and . For speakers’ highlights, visit HERE (https://apo-opa.co/423iPbB). For speakers’ highlights. Follow Unstoppable Africa YouTube channel (https://apo-opa.co/47VasT4) for exclusive content and event highlights.

Distributed by APO Group on behalf of Global Africa Business Initiative.

Energy

SBM Offshore Confirmed as Silver Sponsor for African Energy Week (AEW) 2026 Amid Africa FPSO Expansion Push

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African Energy Chamber

SBM Offshore will participate as Silver Sponsor at African Energy Week 2026, where they are set to showcase FPSO expansion in Angola, Namibia and Guyana amid strong financials and a deepwater innovation strategy

CAPE TOWN, South Africa, June 9, 2026/APO Group/ –Multinational oil and gas services company SBM Offshore will participate at this year’s African Energy Week (AEW) 2026 Conference and Exhibition as a Silver Sponsor, reinforcing the company’s long-term commitment to Africa’s expanding deepwater oil and gas industry. Their participation comes as SBM Offshore accelerates brownfield optimization projects in Angola while aggressively positioning itself for new frontier developments in Namibia’s Orange Basin.

 

SBM Offshore’s return to AEW, which takes place from October 12–16 in Cape Town, is expected to draw significant industry attention as operators, financiers and EPC contractors evaluate the next wave of floating production infrastructure across the Atlantic Basin. With more than 20 years of experience in Africa and over $31 billion in contract backlog globally, the company remains one of the world’s most influential FPSO suppliers.

The Sponsorship follows several major milestones announced during 2025 and 2026. On May 26, the American Bureau of Shipping approved SBM Offshore’s seawater intake riser technology developed alongside Shell. The system pumps cold seawater from depths of 700m to FPSO topsides, reducing onboard cooling energy demand and improving emissions performance for future African and South American projects.

The company’s financial position strengthened considerably following the $2.32 billion sale of FPSO One Guyana to ExxonMobil in February 2026. The transaction helped drive a 216% year-on-year increase in Q1 2026 directional revenue to $3.5 billion while reducing SBM Offshore’s net debt from $5.7 billion to $3.2 billion by March 21, 2026.

SBM Offshore continues to demonstrate the technical expertise, operational scale and long-term investment approach needed to advance Africa’s next generation of energy projects

In March 2026, ExxonMobil awarded SBM Offshore front-end engineering and design contracts for the Longtail development in Guyana. The proposed FPSO is expected to feature the world’s highest gas-handling capacity ever deployed on a floating production vessel, processing 1.2 billion cubic feet of gas and 250,000 barrels of condensate daily.

Across Africa, SBM Offshore continues expanding its offshore footprint. In Angola, the company signed multi-year extensions in December 2025 with Esso Exploration Angola for FPSO Mondo and FPSO Saxi Batuque in Block 15, extending operations through 2032. Brownfield upgrades and life-extension works commenced in early 2026 to support declining reservoir pressure management and maintain environmental compliance standards.

The company also finalized a share purchase agreement with Equatorial Guinea’s national oil company GEPetrol in December 2025, restructuring regional asset ownership and supporting localized operational transitions. The FPSO Aseng formally exited SBM Offshore’s lease-and-operate fleet during the same period as management responsibilities shifted toward Equatoguinean entities.

Namibia retains a central focus of SBM Offshore’s African growth strategy. The company is actively competing for TotalEnergies’ Venus FPSO contract in the Orange Basin, one of Africa’s largest recent offshore discoveries with estimated resources of roughly 2 billion barrels. SBM Offshore has expanded its Cape Town commercial engineering workforce while positioning its standardized technologies for upcoming South Atlantic developments.

“SBM Offshore’s participation at this year’s event reflects the growing momentum behind Africa’s deepwater industry and the critical role FPSO technology will play in unlocking new production. From Angola’s mature offshore hubs to Namibia’s frontier discoveries, SBM Offshore continues to demonstrate the technical expertise, operational scale and long-term investment approach needed to advance Africa’s next generation of energy projects,” says NJ Ayuk, Executive Chairman, African Energy Chamber.

Looking ahead, SBM Offshore aims to combine frontier expansion with lower-emission offshore production systems. Through partnerships with SLB and Cognite, the company is integrating industrial AI platforms to its global fleet while scaling standardized hull construction to accelerate project delivery timelines across Africa and Latin America.

Distributed by APO Group on behalf of African Energy Chamber.

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Minister Kgosientsho Ramokgopa Joins African Energy Week (AEW) 2026 as South Africa Opens R400B Grid Expansion to Private Investment

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Kgosientsho Ramokgopa

South Africa has moved from rolling blackouts to a year of stable supply, and Minister Kgosientsho Ramokgopa now turns to the grid expansion and market reforms needed to keep the lights on and draw private capital

CAPE TOWN, South Africa, June 9, 2026/APO Group/ –Kgosientsho Ramokgopa, Minister of Electricity and Energy of the Republic of South Africa, has been confirmed as a featured speaker at African Energy Week (AEW) 2026, where he is expected to outline the next phase of the country’s power-sector recovery and the investment drive needed to expand the electricity grid.

 

Taking place October 12-16, AEW 2026 represents the largest energy gathering on the African continent, offering a strategic platform for dealmaking and partnerships. Minister Ramokgopa’s participation reflects the country’s ambitions to strengthen investment flows across the power and energy markets, supporting long-term generation resilience and improved transmission networks.

South Africa has moved from one of the worst phases of its electricity crisis to its most stable supply in years. The country recently passed a full year without load-shedding, and the grid is at its strongest in half a decade, with roughly 4,400 MW more generation on hand than a year earlier. The return of Kusile Power Station to its full output of about 4,800 MW helped anchor the turnaround.

South Africa’s recovery shows what disciplined execution can achieve, and opening the grid to private capital is the logical next step

With supply stabilized, Ramokgopa has reframed the current market challenge as being less about generation and more to do with transmission, offtakers and bottlenecks, pointing to more than 130 GW of generation projects that have yet to secure firm offtake agreements. That bottleneck sits at the center of the country’s largest infrastructure push. The Transmission Development Plan calls for 14,000 km of new power lines and 105 substations by 2030, at a cost of roughly R400 billion, to unlock an additional 22.5 GW of capacity.

Because neither Eskom nor the state can fund that build alone, the government has opened transmission to private investment for the first time through the Independent Transmission Projects (ITP) program. In December 2025, Ramokgopa named seven prequalified bidders for the first phase, all of them international-led consortia. The phase covers 1,164 km of high-voltage lines across seven corridors, with a combined value of about $1 billion. A request for proposals is expected in the second half of 2026.

“South Africa’s recovery shows what disciplined execution can achieve, and opening the grid to private capital is the logical next step,” says NJ Ayuk, Executive Chairman of the African Energy Chamber. “The real opportunity now is in transmission, and the investors who help build that network will open up generation that will change South Africa’s future for the better.”

Private appetite is already evident on the generation side. The latest round of the Renewable Energy Independent Power Producer Procurement Program drew 10.2 GW of bids against the 5 GW on offer. In the 2025/26 financial year, eight new independent power projects came online with a combined 800 MW, and another 1,610 MW is under construction.

Minister Ramokgopa is also expected to address the Integrated Resource Plan 2025, the government’s blueprint guiding new generation capacity, and the rollout of a competitive wholesale electricity market intended to open the sector beyond Eskom.

As AEW 2026 prepares to convene policymakers, investors and operators at the Cape Town International Convention Center this October, Minister Ramokgopa’s participation is the host nation’s signal that its power sector is open for investment.

Distributed by APO Group on behalf of African Energy Chamber.

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Carbon Markets Africa Summit (CMAS) 2026 programme launched as Africa’s carbon markets move from readiness to delivery

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Positioned as a pan-African marketplace, CMAS connects policy, project pipelines, capital and buyers in a structured environment focused on enabling real deal flow

CAPE TOWN, South Africa, June 9, 2026/APO Group/ –Africa is emerging as an exciting destination to develop carbon market projects with improved policy certainty and more and more projects becoming investment-ready. As global carbon markets transition from rule-setting to real transactions, with Article 6 mechanisms moving into implementation and compliance-driven demand such as CORSIA accelerating, attention is shifting towards where credible supply, policy certainty and investment-ready projects can be delivered at scale.

 

Against this backdrop, the Carbon Markets Africa Summit (CMAS) that is organised by VUKA Group has released its official 2026 programme, outlining how Africa’s carbon markets can move beyond frameworks into execution, investment and transactions. The summit will take place from 13–15 October 2026 in Kigali, Rwanda, hosted by the Ministry of Environment of Rwanda, with UNDP and the African Development Bank (AfDB) as host organisations, the Development Bank of Southern Africa (DBSA) as host partner, and AUDA-NEPAD as the strategic institutional partner.

Positioned as a pan-African marketplace, CMAS connects policy, project pipelines, capital and buyers in a structured environment focused on enabling real deal flow.

This year’s programme reflects a changing market dynamic, one where integrity, quality and transaction readiness are becoming decisive.

Carbon markets are entering a more selective and operational phase. The question is no longer whether Africa has a role to play, but whether the continent can bring forward credible projects, enabling frameworks and market infrastructure to transact at scale,” said Emmanuelle Nicholls, Project Lead. “CMAS 2026 is designed as a response to that moment – connecting the actors, pipelines and capital needed to move from ambition to execution.”

Africa’s carbon markets must be built on integrity, equity, and continental coordination so that carbon finance delivers real value

Within this evolving context, the summit places strong emphasis on the foundations required to scale markets responsibly. As Estherine Fotabong, Director at AUDA-NEPAD, notes, “Africa’s carbon markets must be built on integrity, equity, and continental coordination so that carbon finance delivers real value for communities, ecosystems, and sustainable development across the continent.”

A programme built for execution

The CMAS 2026 programme spans the full carbon market value chain from policy and Article 6 implementation to project development, finance and transactions. Key highlights include the keynote opening session on delivering projects, capital and transactions at scale, a high-level dialogue on trust and market readiness, ministerial and technical roundtables, and sessions focused on buyer demand, investor priorities and deal structuring.

 

A central feature is a curated pipeline of African carbon projects across nature-based solutions, regenerative agriculture, carbon removals, waste-to-value and blue carbon, presented through project showcases, case studies and investment-ready deal rooms.

The programme also includes solution labs and technical workshops addressing critical bottlenecks—including Article 6 and CORSIA implementation, early-stage finance, MRV systems and project bankability, alongside live demonstrations of digital carbon infrastructure, ensuring focus on practical market development and delivery.

CMAS 2026 is hosted in Rwanda, a country advancing carbon market frameworks under Article 6, and takes place at a pivotal moment as global markets increasingly prioritise integrity, quality and real delivery at scale.

Distributed by APO Group on behalf of VUKA Group.

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