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Afreximbank’s Risk Framework Assessed and Registered as Complying with ISO 31000:2018, Reinforcing its Mandate as the Continent’s Leading Trade Finance Institution

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Issued in November 2025, this registration follows rigorous independent assessments of Afreximbank’s enterprise risk management framework by external auditors, with zero non-conformities

CAIRO, Egypt, January 23, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been registered with the ISO 31000:2018 Risk Management Standard by Certification Partner Global (CPG), marking a significant milestone in the Bank’s institutional evolution and commitment to world-class operational excellence.

Issued in November 2025, this registration follows rigorous independent assessments of Afreximbank’s enterprise risk management framework by external auditors, with zero non-conformities. This achievement places the pan-African multilateral financial institution alongside leading global development banks and financial institutions that have attained this prestigious standard.

ISO 31000:2018, developed by the International Organisation for Standardisation, represents the gold standard in risk management practices globally. It provides comprehensive principles and guidelines covering risk management design, governance, implementation, evaluation, and integration across organisations. The registration validates that Afreximbank’s risk management framework meets international best practices while addressing the unique complexities of operating across 54 African member states and the Caribbean Community (CARICOM).

Commenting on the registration, Dr Elias Kagumya, Group Managing Director, Risk Management & Chief Risk Officer at Afreximbank said, “Attaining ISO 31000:2018 registration is not just about global recognition; it represents years of deliberate investment in building institutional capacity and embedding a proactive risk culture throughout our organization. As a treaty-based institution with a USD45 billion balance sheet supporting African trade across diverse markets, we recognize that effective risk management is fundamental to delivering our mandate. This feat assures our stakeholders – member states, commercial banks, investors, and the businesses we serve – that we operate with the same risk maturity as the world’s leading financial institutions. Our Risk Management Framework further provides a bank-wide approach to managing risks and protecting the Bank’s goals. By carefully identifying, understanding, and monitoring risks across all areas of its operations, from business strategy to environmental and mandate-related issues, the framework ensures that key programmes, platforms, and financial tools are managed in a stable and well-controlled manner.”

Afreximbank’s Risk Management Framework represents a comprehensive and sophisticated approach to enterprise-wide risk governance

The accreditation aligns with Afreximbank’s Strategic Plan VI priorities – Building a Mature Risk Management Framework – and reflects the Bank’s commitment to continuous improvement in governance, transparency, and operational standards. In 2025, Afreximbank launched a comprehensive benchmarking project of its Enterprise Risk Management (ERM) framework against ISO 31000:2018, working with CPG as the independent accreditation body.

The achievement delivers tangible benefits across Afreximbank’s operations. The ISO 31000:2018 framework strengthens stakeholder confidence by demonstrating the maturity of the Bank’s risk management systems and its commitment to continuous improvement. It enhances entity-wide risk culture by promoting proactive risk identification and mitigation across the Bank’s complex operating environment. The ISO 31000 standard also provides structured guidance for integrating risk considerations into strategy formulation, financial planning, initiatives management, and supporting informed decision-making.

Furthermore, the standard creates efficiency gains through the adoption of formal guidelines for monitoring, reviewing, and improving risk management practices, including enhanced tools for reporting and communicating risks bank-wide. It strengthens the Bank’s overall control environment by validating the effective implementation of sound risk management practices and tools.

Also commenting, Certification Partner Global (CPG), the global accreditation body which issued the certification stated, “Afreximbank’s Risk Management Framework represents a comprehensive and sophisticated approach to enterprise-wide risk governance. The Bank has demonstrated exceptional capability in identifying, assessing, treating, and monitoring risks across its diverse strategic programmes, platforms, and core instruments through a well-structured Risk Universe that addresses nine critical risk categories; from Strategy and Business Risk to Mandate Risk. This framework’s alignment with international best practices, as evidenced in the Afreximbank’s Enterprise Risk Management Framework (Version 1.1, March 2024), reflects the Bank’s commitment to robust risk governance and positions it as a leader in institutional risk management within the global financial services landscape. We are pleased to certify this framework, which provides a solid foundation for Afreximbank to pursue its strategic objectives while maintaining the highest standards of risk oversight and operational resilience.”

The accreditation comes at a pivotal moment for African trade integration, as Afreximbank continues to play a central role in operationalising the African Continental Free Trade Area (AfCFTA). The Bank’s commitment to robust risk management underpins critical initiatives including the Pan-African Payment and Settlement System (PAPSS), which now connects 19 countries and over 160 commercial banks, and the Africa Trade Gateway (ATG), which is transforming cross-border commerce across the continent.

Afreximbank’s achievement of ISO 31000:2018 registration reinforces its position not only as Africa’s premier trade finance institution but as a globally competitive development bank committed to the highest standards of institutional governance and operational excellence.

Distributed by APO Group on behalf of Afreximbank.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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