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Afreximbank Extends Grant to Grand Africa Initiative to Empower African Youth Entrepreneurs

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Afreximbank

Over a comprehensive six-week program, participants will gain valuable insights into how to build and expand their businesses leveraging the intra-African Market

CAIRO, Egypt, March 13, 2024/APO Group/ — 

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is pleased to announce its collaborative effort with the Grand Africa Initiative (GAIN) through a grant aimed at facilitating the training of 300 young African entrepreneurs. The training program will focus on entrepreneurship and intra-African trade and is set to commence in March 2024.

The GAIN-Afreximbank Masterclass on Entrepreneurship and Intra-African Trade has been meticulously designed to equip young African entrepreneurs from various regions of the African continent with essential skills to foster the growth and expansion of their enterprises beyond their individual national borders. Over a comprehensive six-week program, participants will gain valuable insights into how to build and expand their businesses leveraging the intra-African Market. Participants will receive technical guidance, practical training, and business advisory from a faculty of international experts.

Our renewed support to the GAIN Masterclass underscores the Bank’s efforts to develop skills of African youth and build African entrepreneurial capacity under the AFRACAD

Moreover, this program aims to enhance inclusivity in the implementation of the African Continental Free Trade Area (AfCFTA) by offering interventions that specifically support young Africans, women, and small and medium-sized enterprises.

Interested individuals are encouraged to submit their applications through the official program website at www.GrandAfrica.org. Prospective entrepreneurs will be selected from across Africa and are required to meet the following criteria:

  • Must be between age 20 to 45 years old
  • Must be a registered business entity.
  • Must be of African descent
  • Must have a business in Africa
  • Must have a business that has been in operation for a minimum of two years.
  • Must have access to a stable internet connection and electricity.
  • Have a good knowledge of English Language

Yusuf Daya, Director, AU/AfCFTA Relations and Trade Policy, Afreximbank emphasized the crucial importance of capacitating young African entrepreneurs to take full advantages of the opportunities availed by the AfCFTA. “Our renewed support to the GAIN Masterclass underscores the Bank’s efforts to develop skills of African youth and build African entrepreneurial capacity under the Afreximbank Academy (AFRACAD). We look forward to an even more successful program in 2024 following the highly impactful masterclass in 2022 which helped build the capacity of 200 entrepreneurs from across the continent”.

Jerry Ojima Momoh, the Partnership Lead at GAIN, expressed his enthusiasm, stating, “This marks the fifth edition of GAIN Entrepreneurship masterclass series designed to empower African youths. We have two series so far focused on training women and three series now open to both male and female. We are happy to have this partnership with Afreximbank again this year to provide invaluable entrepreneurial support to young entrepreneurs. In 2022, we trained participants from 29 countries across Africa. Beyond the training, participants will gain in-depth knowledge, build connections, and access mentorship from experienced global mentors, all of which will have a successful impact on their business growth.”

Distributed by APO Group on behalf of Afreximbank.

Business

Joint statement welcoming the Republic of Togo’s announcement on Visa facilitation for African nationals

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Togo

The AfCFTA Secretariat and Afreximbank commend the Government and people of the Republic of Togo for hosting Biashara Afrika 2026 and for their continued commitment to advancing Africa’s economic integration agenda

LOMÉ, Togo, May 21, 2026/APO Group/ –The AfCFTA Secretariat and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcome the announcement by the Government of the Republic of Togo, under the leadership of H.E. Faure Essozimna Gnassingbé, President of the Council of the Republic of Togo, regarding measures to facilitate visa-free entry for all nationals of African States holding valid passports, as announced by the Minister of Security on 18 May 2026.

The announcement was made in Lomé on the sidelines of Biashara Afrika 2026, the continent’s premier trade and business platform, which has brought together policymakers, private sector leaders, investors, and stakeholders from across Africa to advance dialogue on intra-African trade, investment, and regional integration.

Throughout the engagements, participants underscored the importance of facilitating the movement of African citizens, entrepreneurs, and investors as an important enabler of intra-African trade and economic cooperation. Against this backdrop, the announcement reflects the growing continental momentum towards strengthening connectivity and deepening African integration.

The AfCFTA Secretariat and Afreximbank, to which Togo is a State Party and a Member State, envision a continent where goods, services, capital, and people move more freely across borders in support of an integrated African market. Measures that facilitate mobility and connectivity continue to contribute towards advancing the broader mandate of both institutions; the attainment of the aspirations of Agenda 2063.

The AfCFTA Secretariat and Afreximbank commend the Government and people of the Republic of Togo for hosting Biashara Afrika 2026 and for their continued commitment to advancing Africa’s economic integration agenda.

Distributed by APO Group on behalf of Afreximbank.

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Business

Morocco: African Development Bank commits €200 Million to boost employability and develop future skills

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Morocco

This results-based financing is designed to strengthen the relevance, quality, and diversity of vocational training through the digitalisation of services, the large-scale rollout of learning systems, and stronger labour market integration mechanisms

RABAT, Morocco, May 21, 2026/APO Group/ –The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved €200 million in financing for the implementation of the “Cap Compétences 2030” programme, aimed at improving employment opportunities for young people and women.

 

This results-based financing is designed to strengthen the relevance, quality, and diversity of vocational training through the digitalisation of services, the large-scale rollout of learning systems, and stronger labour market integration mechanisms.

 

Cap Compétences 2030 is built around three pillars: skills development and strategic partnerships; inclusive training aligned with business needs; and digital transformation, supported by stronger institutional and operational capacity. The programme will also consolidate existing mechanisms while improving both their efficiency and reach.

 

Through the initiative, the African Development Bank seeks to expand access to diversified training opportunities and enhance the professional integration of beneficiaries into the labour market.

Our shared objective is to harness the demographic dividend to support value creation and promote employment, particularly for young people and women

 

Achraf Tarsim, Country Manager of the African Development Bank Group in Morocco, said Cap Compétences 2030 aligns with the priorities of the country’s National Employment Roadmap 2025–2030 and the Bank’s strategic vision under its Four Cardinal Points (https://apo-opa.co/3PDHMHn). “Our shared objective is to harness the demographic dividend to support value creation and promote employment, particularly for young people and women,” he said.

 

The Bank’s intervention is being implemented in close coordination with technical and financial partners to strengthen coherence and complementarity in support of public policy reforms.

 

This programme reflects the Bank’s long-term engagement in Morocco in the areas of human development, employment, and social inclusion. It also builds on a broader portfolio of results-based operations that contribute to structural reforms of the labour market and vocational training system.

 

Since its establishment, the African Development Bank Group has mobilised more than €15 billion across strategic sectors in Morocco, including education, health, employment, infrastructure, energy, and governance.

Distributed by APO Group on behalf of African Development Bank Group (AfDB)

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Energy

TotalEnergies Expands Angola Offshore Strategy as Martin Deffontaines Returns to Angola Oil & Gas (AOG) 2026

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TotalEnergies

TotalEnergies is spearheading a diverse investment approach in Angola, targeting frontier opportunities while scaling brownfield production

Martin Deffontaines, Country Manager for Angola at energy major TotalEnergies has been confirmed as a speaker at the Angola Oil & Gas (AOG) Conference and Exhibition – taking place September 9­­–10 with a pre-conference day on September 8. His participation comes at a pivotal time for the company as it expands its offshore strategy and is expected to provide insight into how one of the industry’s leading operators is positioning itself for Angola’s next phase of offshore growth.

TotalEnergies is driving a multi-faceted exploration and production strategy in Angola, balancing brownfield optimization with frontier exploration and large-scale deepwater developments. As one of the country’s biggest oil producers, the company’s recent investments signal a long-term commitment to the market as well as its broader ambitions to support Angola’s goals of sustaining production above one million barrels per day (bpd).

At the core of this strategy is unlocking additional value from producing assets. Just this month, the company signed a Principles Agreement with the National Oil, Gas & Biofuels Agency (ANPG) to extend its license for Block 32 to 2043. The agreement establishes the general terms for the continuous development of the block, while outlining the possible application of the Incremental Production Decree to bolster production. Block 32 is one of the country’s biggest producing assets, covering six fields and featuring the Kaombo project.

Beyond operational assets, TotalEnergies is pursuing new frontiers in Angola. The company signed an agreement in March 2026 with the ANPG and ExxonMobil for the allocation of four blocks in the Benguela and Namibe Basins – namely 40, 41, 42 and 58. The agreement lays the foundation for the signing of the respective contracts for the blocks. This follows another agreement signed in 2025 between TotalEnergies, ExxonMobil and the ANPG for the study and evaluation of the Free Areas of Blocks 17/06 and 32/21 – two of the country’s longest-producing assets. The agreement aims to identify new leads across the blocks, supporting future production growth.

The company’s ongoing project portfolio further highlights the scale of its ambitions in Angola. Central to this is the Kaminho deepwater project – the first major deepwater development in the Kwanza Basin. Representing a $6 billion investment, the project is expected to produce approximately 70,000 bpd through an FPSO designed with lower-emission technologies. FID was reached in 2024, with production on track for 2028. Kaminho builds on TotalEnergies recent project momentum, which saw two offshore projects start operations in 2025. The Begonia and CLOV Phase 3 developments added 60,000 bpd to the company’s Angolan portfolio, cementing its position as a major operator.

Deffontaines’ participation at AOG 2026 comes as these themes move to the forefront of Angola’s oil and gas agenda. As one of the country’s largest international investors, TotalEnergies continues to shape discussions around production sustainability, exploration strategy and offshore project economics. His presence at the event underscores both the scale of the opportunity and the growing international confidence in Angola’s deepwater market.

 

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

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