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Afreximbank Becomes Official Partner of African Energy Week 2022

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4 years ago

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Afreximbank

Through the partnership, a new era of energy deals, intra-African trade local content and making energy poverty history in Africa is on the horizon

JOHANNESBURG, South Africa, July 25, 2022/APO Group/ — 

The African Export-Import Bank (Afreximbank) has officially partnered with the continent’s premier energy event, African Energy Week (AEW) 2022 (AECWeek.com) – which takes place from October 18-21 in Cape Town – in a move expected to reawaken a new era of deal-signing, local content and multi-sector expansion. Under a mandate to make energy poverty history in Africa by 2030, the partnership will see both AEW and Afreximbank uniting the power of investment and value creation, driving stronger energy developments in 2022 and beyond.

As a leading pan-African financial services provider, Afreximbank has established itself as a major player and key facilitator of Africa’s trade finance sector. From funding key projects to creating opportunities for capital partnerships and deals, the bank has and continues to drive multi-sector growth in Africa. On the energy front, the bank has emerged as a top financial services provider, with notable deals including the $200 million loan facility agreement signed with the Egyptian General Petroleum Company to enhance the expansion of power generation and distribution in Egypt; $400 million in loans and guarantees to support Mozambique’s liquified natural gas project; $700 million to support Sudan’s energy and communications expansion; $250 million credit to Trans Niger Oil and Gas Ltd to help facilitate the acquisition of a 45% stake in the OML 17 onshore oilfield; and a $500 million financing facility to assist the government of South Sudan in power transmission, infrastructure and agriculture projects. With the partnership, both AEW and the bank are committed to seeing even more deals on the table, with the conference providing the most suitable platform for deals to be signed, sealed and delivered.

Meanwhile, having made significant progress in financing and promoting intra-African trade and local content, the Afreximbank recognizes the need for an intra-African energy push, one built against improved trade, finance and collaboration. With the implementation of the African Continental Free Trade Agreement (AfCFTA) in January 2021, new opportunities for continental trade have emerged and during AEW 2022, the bank will make a strong case for regional cooperation and commerce. Just last month, the Afreximbank Board of Directors approved the renewal of a $1 billion facility to operationalize the AfCFTA, demonstrating its commitment to financing trade in Africa. As countries, stakeholders and companies capitalize on the opportunities of the agreement, the partnership between AEW and the Afreximbank will only strengthen intra-African trade, as the bank continues to finance the growth of the continent alongside AEW.

The Afreximbank, alongside initiatives like Team Energy Africa will be key for ensuring Africa realizes the full potential of its energy and economic sectors

On the local content front, the Afreximbank has advanced the role of local companies in Africa’s energy future, providing critical capital required for growth, asset acquisition and expansion. By providing funding to both new and mature enterprises, covering both the energy and trade spectrums, the bank represents a key driver of the continent’s economic expansion.

In strengthening capacity building and local content, last week the Afreximbank announced a grant to the Grand Africa Initiative to train 200 young African entrepreneurs on business and intra-African trade for three months while the Nigerian Content Development and Monitoring Board announced that the Afreximbank invested more than $42 billion in support of African businesses between 2016 and 2020. With this number expected to grow as the bank continues its local content and intra-African development drive, AEW 2022 offers a platform to invest, partner and progress.

“This partnership is what the African energy sector needs at this time. With significant, untapped resources covering the entire energy spectrum as well as opportunities across the entire energy value chain, the future of the African energy sector will be largely driven by the continent’s ability to finance its own development. This is what the Afreximbank is all about and with its partnership with AEW 2022, a wave of deals, capital commitments, just energy transition and progress can be expected,” states NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC), adding that, “The spirit of starting and signing deals will drive AEW both during this year’s conference and every conference that follows. We have already identified various agreements and consider this partnership to be key for making these agreements a reality. The Afreximbank, alongside initiatives like Team Energy Africa – aimed at mobilizing private sector financing for accelerated clean energy deployment across Africa – will be key for ensuring Africa realizes the full potential of its energy and economic sectors.”

The Afreximbank-AEW partnership will strengthen the continent’s manufacturing industry, improve local content, drive asset acquisition and African independent participation while accelerating a just and inclusive energy transition and making energy poverty history in Africa.

Distributed by APO Group on behalf of African Energy Week (AEW).

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

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2 days ago

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February 6, 2026

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

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2 days ago

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February 6, 2026

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

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2 days ago

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February 6, 2026

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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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