Connect with us
Anglostratits

Business

For the African Continental Free Trade Agreement (AfCFTA) to deliver on its promise, we must address concerns of entrepreneurs

Published

on

Patrick Utomi

The AfCFTA will bring down trade barriers on the continent, harmonise trade regulations in all member states and in so doing create the largest single market in the world

CAIRO, Egypt, November 28, 2022/APO Group/ — 

by Professor Patrick Utomi, Chairperson of the Pan-African Private Sector Trade & Investment Committee (PAFTRAC) (http://PAFTRAC.Afreximbank.com).

The launch this week of the 2022 Africa CEO Trade Survey Report 2022, commissioned by the Pan-African Trade and Investment Committee, was instructive for a number of reasons. The idea that we are now actively seeking the views of our enterprising men and women who provide the goods and services on which we rely is itself worthy of note. In the past, policy makers opted to operate without this context, with predictable results and so we must celebrate all involved for providing this critical angle to the all-important task of supporting businesses, boosting trade and ultimately improving lives and livelihoods on the continent.

The results of the survey themselves paint an interesting picture. It will  come as no surprise that African CEOs are slightly apprehensive about the future. Operating in the long shadow of the pandemic, shaken by disruptions in delicate global supply chains, spooked by war and faced with a possible recession, only 50 per cent of CEOs surveyed said they felt confident about the future, a lot less than the 93 per cent who were confident about 2022 when they were asked in 2021. Dependant as we are on the outside world for much of what we consume, it is little wonder that these global crises are literally felt in our kitchens. We cannot carry on like this.

We must recognise the preponderance of micro-small and medium sized enterprise in the continent’s commercial landscape

This is why the confidence that CEOs have in the African Continental Free Trade Agreement is so heartening. When fully implemented, the AfCFTA will bring down trade barriers on the continent, harmonise trade regulations in all member states and in so doing create the largest single market in the world. The benefits from this would be incalculable. Our combined strength will make us an infinitely more attractive destination for investment, encourage value addition and according to the World Bank, raise incomes on the continent by 7 per cent and lift as many as forty million people out of poverty.

This is doable but it means that we have to listen closely to the people who run the businesses, especially the SMES on the continent, address their concerns, anticipate their needs and build an environment that spurs innovation and rewards their hard work. Thankfully, there are important clues in the report that can guide us. What CEOs are telling us is that they need a lot more information – and readily so – about the opportunities of AfCFTA and also about one another. They need facilitation of cross border trade, along with payment systems, that will enable them to take full advantage of trade area. They also need better trade infrastructure and logistics so they can, for example, move their goods from Lusaka to Abidjan as seamlessly as possible. And it goes without saying, they need policymakers across Africa to move quickly to realise this dream that finally seems tantalisingly within reach, almost six decades after decolonisation.

So those are the things we need to do. First of all, we must recognise the preponderance of micro-small and medium sized enterprise in the continent’s commercial landscape. A vast majority of the companies operating in Africa employ less than five hundred people and have less than USD 1 million in annual turnover. This recognition must inform the policies that we make, as we seek to support growth and investment. These companies, often run by women and people, are notoriously starved of capital which handicaps their expansion and compromises their sustainability. We will need to find creative ways to make long term capital to them.  We will also have to assist them to achieve quality and standards compliance, improve packaging and gain access to lucrative markets.

Given its nature and objectives, cross-border transactions, payments and ease of movement will be critical to the AfCFTA.  This means we must move quickly to formalise cross-border trade, assuring traders of the safety, security and enforceability of transactions, while also facilitating the free movement of people and disencumbering customs processes. I am encouraged by the launch of the Pan-African Payment and Settlements Systems (PAPSS), a home grown system through which traders can make and receive payments across currency lines. In addition, governments also need to invest in trade-enabling infrastructure, such as roads, ports and warehousing.   

Information, as indicated by survey respondents, will be essential to this enterprise. Entrepreneurs are, rightfully, enthusiastic about the AfCFTA and the prospects that it represents. But they will need to be armed with as much information as possible so they can fully participate. A one-stop shop, such as the African Trade Gateway, a digital platform developed in partnership with Africa Export-Import Bank, is exactly the type of innovation that entrepreneurs will need and must be encouraged to harness in their quest for information.

Ultimately, a shared purpose and sense of dedication will be required from all of us for the success of the AfCFTA. After decades of trying, we are now truly on our way to a building a common market, achieving self-reliance and fundamentally transforming the nature of our economies. We can’t do this, however, without the entrepreneurs up and down our continent. We must listen to them, work with them and achieve our goals together.   

Distributed by APO Group on behalf of Pan-African Private Sector Trade and Investment Committee (PAFTRAC).

Business

Sierra Leone Set to Showcase Offshore Ambitions with Petroleum Directorate of Sierra Leone (PDSL) Joining African Energy Week (AEW) 2026 as Strategic Partner

Published

on

African Energy Chamber

Sierra Leone is advancing offshore exploration, preparing a new licensing round and finalizing the formation of a new national oil company ahead of its Strategic Partnership with AEW 2026

CAPE TOWN, South Africa, March 26, 2026/APO Group/ –The Petroleum Directorate of Sierra Leone (PDSL) has joined African Energy Week (AEW) 2026 – scheduled to take place in Cape Town from October 12–16 – as a Strategic Partner. The Directorate will be positioned to leverage the event to highlight its open acreage, competitive fiscal framework and upstream integration plans to international investors, signaling Sierra Leone’s emergence as a frontier exploration hotspot in the MSGBC basin and across the wider Gulf of Guinea.

 

Italian energy major Eni and other international players have engaged in detailed geological studies across Sierra Leone’s offshore basin, underscoring rising confidence in the country’s hydrocarbon potential. Backed by enhanced 3D seismic reprocessing and basin-wide prospectivity studies, the PDSL is accelerating data-led de-risking efforts to unlock prospects such as Vega and attract fresh upstream capital.

 

A central focus for investors is the anticipated resumption of offshore drilling in 2026 – the country’s first campaign in nearly a decade. Following the conclusion of its fifth licensing round, which offered 56 offshore blocks, Sierra Leone is preparing to drill new wells targeting an estimated multi-billion-barrel resource base, supported by improved subsurface imaging and strengthened regulatory oversight.

 

PDSL’s participation at AEW 2026 reflects Sierra Leone’s serious commitment to unlocking its offshore potential through transparency, strong fiscal terms and data-driven de-risking

Sierra Leone is also in the final stages of establishing its first state-owned national oil company, which will hold a mandatory 10% carried interest in all exploration licenses. The government is targeting an overall 25–30% participation in projects, balancing national value capture with competitive terms for international operators.

 

Downstream integration is also gathering pace, with the 105–126 MW Nant gas-to-power plant in Freetown, developed by Anergi Group and TCQ Power, expected to nearly double national generation capacity when it comes online in 2027. In parallel, PDSL is spearheading plans for Sierra Leone’s first refinery to reduce reliance on roughly 15,000 barrels per day of imported refined products.

 

“PDSL’s participation at AEW 2026 reflects Sierra Leone’s serious commitment to unlocking its offshore potential through transparency, strong fiscal terms and data-driven de-risking,” said NJ Ayuk, Executive Chairman, African Energy Chamber, adding, “Their strategic vision aligns with Africa’s broader push for energy security, industrialization and investor partnership.”

 

With drilling set to resume, a national oil company nearing launch and integrated gas-to-power and refining projects advancing, Sierra Leone is entering a defining phase. At AEW 2026, PDSL is expected to present a clear message: the basin is open, the data is ready, and the opportunity is real.

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Business

Critical Mineral Projects to Watch Ahead of Invest in African Energy (IAE) 2026

Published

on

Energy Capital

The Uganda Chamber of Energy and Minerals, with both its CEO and governing council chairperson confirmed for Paris, will serve as the primary interface for investors seeking access to Uganda’s licensing framework and project pipeline

CAPE TOWN, South Africa, March 26, 2026/APO Group/ –Governments from West, Central and Southern Africa, with delegations confirmed for the Invest in African Energy (IAE) Forum in Paris next month, are each advancing critical mineral projects that span processing deals, development-stage assets and frontier exploration plays, giving investors a range of entry points across the minerals value chain.

Nigeria – Alumina Refinery & Lithium Processing

Nigeria struck a $1.3 billion deal with the Africa Finance Corporation in early March covering three components: construction of a one-million-ton-per-year alumina refinery, a national geoscience mapping program, and a joint investment vehicle to accelerate exploration and production across priority leases. Projected at 95% utilization over 20 years, the refinery is expected to add $1.2 billion to GDP annually and generate approximately $8 billion in foreign exchange earnings over its lifespan.

Separately, a $600 million lithium processing plant in Nasarawa State is at the commissioning stage, backed by ongoing mapping of lithium-bearing pegmatite belts across Kwara, Ekiti and Kaduna states. New mining licenses now require a local processing commitment covering at least 30% of output before export, a condition that directly shapes the investment structures available to foreign partners. Nigeria’s energy minister is among the confirmed delegations at IAE in Paris.

Zambia – Copperbelt Expansion & Cobalt Refinery

 

Copper output in Zambia is on course to clear one million tons in 2026, supported by First Quantum Minerals’ completed $1.25 billion S3 plant expansion at Kansanshi and Barrick Gold’s $2 billion program to double output at Lumwana by 2028. Several additional projects, including Sinomine’s Kitumba Mine and KoBold Metals’ Mingomba deposit, are also coming online this year, making Zambia one of the few places globally adding significant incremental copper supply in the near term.

Africa’s first cobalt sulfate refinery is targeting commissioning in Zambia in 2026, adding downstream processing capacity alongside the copper ramp-up. The Lobito Corridor, backed by a $553 million US Development Finance Corporation loan for Angola’s Benguela rail link, reduces export costs across the Copperbelt and improves project bankability for both mines and processing facilities seeking long-term offtake commitments.

Senegal – Falémé Integrated Iron Project

Senegal’s Falémé iron district in the Kédougou region holds over 600 million tons of probable reserves, including oxide ore at around 59% iron content and primary magnetite at roughly 45% Fe. The government launched the Falémé Integrated Iron Project as a phased program targeting 15 to 25 million tons per year at peak output, with national iron ore company MIFERSO conducting ongoing reserve verification.

The mineral export port at Bargny is operational and rail rehabilitation linking Kédougou to the coast is progressing under the Emerging Senegal Plan. The project is actively seeking a technical development partner. With port and rail infrastructure advancing independent of any single mining operator, Falémé carries lower logistics risk than comparable iron ore projects requiring greenfield corridor construction, which affects how financiers assess project bankability and timelines to first revenue.

Equatorial Guinea – Rio Muni Mineral Exploration

Equatorial Guinea’s Rio Muni mainland offers early-stage exposure to gold, bauxite, base metals, coltan and iron ore across largely underexplored onshore territory. The Ministry of Mines and Hydrocarbons has been opening the sector since its first public tender in 2019, with exploration contracts now in place and state geological mapping advancing in partnership with Rosgeo. Minister Antonio Oburu Ondo will address investors at IAE, with the minerals program expected to feature in bilateral meetings.

Uganda – Rare Earths & Minerals Sector Opening

Uganda holds rare earth deposits in ionic adsorption clay formations — a deposit type the IEA has flagged for low capital intensity relative to hard rock alternatives — alongside gold mineralization across greenstone belts in the West Nile, Karamoja and Mubende regions. The Uganda Chamber of Energy and Minerals, with both its CEO and governing council chairperson confirmed for Paris, will serve as the primary interface for investors seeking access to Uganda’s licensing framework and project pipeline, at the same time as the country’s Tilenga and Kingfisher oil developments move toward first oil.

Distributed by APO Group on behalf of Energy Capital & Power.

Continue Reading

Business

APO Group Takes Gold at 2026 SABRE Awards – Second Consecutive Win Across Different Clients and Sectors

Published

on

Recognition spans technology, global sport, and culture, reflecting APO Group’s cross-sector communications performance across Africa

JOHANNESBURG, South Africa, March 26, 2026/APO Group/ –APO Group (www.APO-opa.com), the pan-African communications consultancy integrating advisory, execution, and proprietary news distribution, has won gold in the Northern Africa category at the 2026 Africa SABRE Awards for its campaign, GITEX Africa Morocco 2025: A Media-Fuelled Journey for Tech Excellence.

 

Delivered for GITEX Africa, the campaign generated more than 3,600 media clippings across African and global outlets, positioning the event as the continent’s leading technology and startup platform, while reinforcing Morocco’s emerging status as a regional technology hub.

Being honoured at the SABRE Awards is particularly meaningful because it reflects the impact of communication designed specifically for how African markets work

APO Group was a finalist in two additional categories for campaigns delivered for international organisations operating across Africa:

  • The Africa Flag 2025 Tournament: Raising the Game in Cairo – National Football League (Media Relations category)
  • Broadcasting Greatness: Elevating African Hoops and Culture at BAL 2025 – Basketball Africa League (BAL) (Media, Arts & Entertainment category)

The SABRE Awards recognise excellence in branding, reputation management, and engagement across the global communications industry. This latest accolade adds to APO Group’s growing record at these prestigious awards, following its win in 2025 for a campaign delivered for Canon Central and North Africa, as well as multiple finalist placements for campaigns supporting leading institutions such as GITEX Africa, Africa’s Business Heroes, and the Global Africa Business Initiative.

 

“Being honoured at the SABRE Awards is particularly meaningful because it reflects the impact of communication designed specifically for how African markets work,” said Bas Wijne, Chief Executive Officer at APO Group. “Successful pan-African campaigns combine strategic planning and strong local execution, together with a clear understanding of how different markets, media environments, and audiences connect with a story. It’s about designing communications that deliver measurable outcomes and help organisations engage effectively and confidently across Africa’s diverse media landscape.”

In addition to its SABRE Awards success, APO Group has received multiple major industry honours over the past year, including Gold and Bronze at the Davos Communications Awards for excellence in strategic communications and campaign execution. The company was also named Africa’s Leading PR Agency – 2025 by Brands Review Magazine and Best Public Relations & Media Consultancy Agency of the Year – 2025 by World Business Outlook.Operating across 54 African countries, APO Group provides communications advisory services, public relations, and media distribution through its proprietary newswire, Africa Newsroom, which places content on more than 250 Africa-focused news platforms worldwide.

Distributed by APO Group on behalf of APO Group.

Continue Reading

Trending