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Africa: Climate Finance Facing Global Macroeconomic Challenges; Time for Private Sector Support

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African Development Bank

For the African Development Bank, greater involvement of the private sector is crucial to closing the gap in climate finance flows into Africa

ABIDJAN, Ivory Coast, April 26, 2023/APO Group/ — 

Africa, the continent that pollutes the planet the least, is today one of the world’s most vulnerable to climate risks. While nations across the continent grapple with financing constraints, resources from the international private sector, including multilateral development financiers such as the African Development Bank (www.AfDB.org), are helping to catalyze climate action and green growth.

For the African Development Bank, greater involvement of the private sector is crucial to closing the gap in climate finance flows into Africa, which until recently, was dominated by non-private actors. For example, of the $29.5 billion invested in African climate finance in 2020, only 14% was from private actors. This is significantly lower than comparable regions such as Latin America and the Caribbean (49%), East Asia and the Pacific (39%) and South Asia (37%). Besides, these limited funds covered a small number of African countries with relatively developed financial markets, such as South Africa, Nigeria, Kenya, Morocco, and Egypt, which alone attracted $4.2 billion.

It is the reason the Bank Group has made mobilizing private sector financing for climate and green growth the centerpiece of its 2023 Annual Meetings scheduled for 22-26 May in Sharm El Sheikh, Egypt.

The meetings will discuss successful strategies to galvanize more resources, including within Africa, and investment opportunities in renewable energy and sustainable agriculture. The Bank’s Governors, representing its shareholders, will be joined by global experts and development financiers to discuss the matter of a new architecture for mobilizing resources for sustainable investment in Africa. This will include how to make African countries’ rich natural capital to finance climate and green growth. About a dozen heads of state and government are expected to attend.

The African Development Bank believes there is much potential for climate finance in Africa to increase

The African Development Bank believes there is much potential for climate finance in Africa to increase. The bank bases its view on a dataset of global private resources. Private equity funds under management reached a record $6.3 trillion in 2021, while global pension fund assets in the 22 largest markets hit a new high of $56.6 trillion by late 2022.

To combat climate change and support green growth, African countries need more climate investments to achieve their national targets for emissions reductions and adaptation to the impacts of climate change.

The African Development Bank, the continent’s premier multilateral development finance institution, has begun providing solutions. It is implementing mechanisms to facilitate and channel access to global climate finance, particularly from the private sector. It has also launched programs to mitigate risks and barriers to private sector participation in climate finance and green growth in Africa.

The Bank has committed to mobilize $25 billion by 2025, representing 41% of its total funding commitments.

One example of the Bank’s work is the Sustainable Energy Fund for Africa (https://apo-opa.info/3EfNjLE), whose objectives are aligned with its High Five strategic priorities, particularly “Light up and Power Africa” and “Improve the Quality of Life for the People of Africa.” This facility provides technical assistance and concessional finance instruments to remove market barriers.

In 2022, for example, Togo benefited by nearly $4 million, while in January 2023, SEFA provided a $1 million grant for green mobility in Africa to seven countries: Kenya, Morocco, Nigeria, Rwanda, Senegal, Sierra Leone and South Africa (https://apo-opa.info/3H9Mghr). Still, the African Development Bank believes it can go further.

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

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PAC Capital Secures Four Major African Honours at the International Business Magazine Awards 2026

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With this latest milestone, PAC Capital continues to reinforce its standing as a premier African Investment Banking and Financial Advisory firm

These awards reflect the strength of our advisory model and our deliberate focus on value-driven deal structuring

LAGOS, Nigeria, April 7, 2026/APO Group/ –PAC Capital Limited (www.PACCapitalLtd.com) has been recognised with four prestigious continental awards by the International Business Magazine, further cementing its position as a leading force in investment banking and transaction advisory across Africa.

 

At the 2026 awards, the firm emerged as:

  • Excellence in Cross-Border Transactions Africa 2026
  • Best Investment Banking Firm Africa 2026
  • Best Deal Structuring & Advisory Firm Africa 2026
  • Financial Advisory Firm of the Year Africa 2026

These recognitions come on the heels of the firm’s 2025 honour as Best Transaction Advisory Firm Nigeria, underscoring a consistent trajectory of excellence, innovation, and strong execution across both domestic and cross-border mandates.

Over the years, PAC Capital has built a reputation for structuring and delivering complex, high-value transactions across multiple sectors and jurisdictions. From mergers and acquisitions to capital raising and bespoke financial advisory mandates, the investment banking arm of PAC Holdings continues to demonstrate deep technical expertise, strategic foresight, and an intimate understanding of the African business landscape. Its growing portfolio of cross-border transactions highlights its ability to navigate regulatory environments, manage multi-market stakeholders, and unlock sustainable value for clients operating within and beyond the continent.

Commenting on the achievement, Humphrey Oriakhi, Managing Director/CEO, PAC Capital, stated:

“We are honoured by this recognition from International Business Magazine. Receiving four continental awards in one year is a strong validation of our borderless capital solutions initiative, strategic direction, execution capability, and the trust our clients place in us. Cross-border transactions in Africa require resilience, precision, and deep market intelligence. Our team remains committed to delivering innovative solutions that enable businesses to scale, expand, and create long-term impact.”

Also speaking, Bolarinwa Sanni, Executive Director, PAC Capital, added:

“These awards reflect the strength of our advisory model and our deliberate focus on value-driven deal structuring. Every mandate we undertake is approached with rigor, creativity, and a clear understanding of our clients’ long-term objectives. As markets become increasingly interconnected, our role as a trusted transaction partner across Africa becomes even more critical.”

With this latest milestone, PAC Capital continues to reinforce its standing as a premier African Investment Banking and Financial Advisory firm—driven by excellence, defined by innovation, and committed to shaping transformative transactions across the continent.

Distributed by APO Group on behalf of PAC Capital Limited.

 

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Geolinks Joins African Mining Week (AMW) 2026 Amidst Rising Demand for Geophysical Solutions in Africa

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Energy Capital

African Mining Week will bring African mining projects together with geophysical technology providers like GeoLinks, fostering partnerships and deal-making to unlock the continent’s full geological potential

CAPE TOWN, South Africa, April 7, 2026/APO Group/ –Geophysical monitoring technology company Geolinks has joined the upcoming African Mining Week (AMW) – Africa’s premier gathering for mining stakeholders, scheduled for October 14 – 16, 2026 in Cape Town – as a bronze sponsor. The company’s participation reinforces its strategy to expand its footprint in Africa’s burgeoning mining sector as the continent unlocks its $8.5 trillion worth of untapped resources for GDP growth.

 

In addition, Geolinks’ sponsorship aligns with a broader strategy announced by the French government in early 2026 aimed at scaling the participation of French companies in Africa’s strategic industries, including mining and energy.

https://apo-opa.co/4mfvosX

Supported by several French innovation and investment institutions – including the French Ministry of Higher Education and Research, Bpifrance, Réseau Entreprendre Essonne, the Île-de-France Paris Region, the Avenia French Geosciences Cluster and EVOLEN’s open innovation platform – Geolinks is establishing its presence in Africa, deploying two pilots of its technology in Southern Africa and South Africa

https://apo-opa.co/4txwMtB

The Democratic Republic of the Congo is seeking partners to unlock its untapped mineral potential estimated at $24 trillion, while Ghana is implementing a national geomapping program to expand its critical minerals portfolio and strengthen its position as Africa’s largest gold producer. Other countries including Liberia, Burundi, Tanzania and Botswana are also intensifying geophysical surveys to support mining sector growth and diversification. These programs highlight the critical role companies such as Geolinks will play in supporting the sustainable growth of Africa’s mining industry.

The company’s technology focuses on monitoring underground fluid dynamics and geological structures, supporting risk prevention and operational safety in mining operations, particularly in tailings dams.

During AMW 2026, Geolinks executives will participate in high-level panel discussions, networking sessions and technology showcases, engaging with African project developers and regulators while exploring partnership opportunities that could help advance exploration, improve safety and accelerate sustainable mining project development across the continent.

 

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

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Afreximbank to avail US$10 billion under its Gulf Crisis Response Programme (GCRP) to shield African and Caribbean Community (CARICOM) economies from the ongoing conflict

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Afreximbank

Through GCRP, Afreximbank has already begun taking proactive steps through partnerships with banks and corporates to secure fuel, other energy supplies, fertilizers and essential food imports

CAIRO, Egypt, April 7, 2026/APO Group/ –To counter the severe economic shocks triggered by the escalating conflict in the Middle East, the Board of Directors of African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$10 billion Gulf Crisis Response Programme (GCRP) to insulate African and Caribbean economies, financial institutions and corporates from the impact of the ongoing Gulf crisis.

The conflict, which escalated on 28 February 2026, has sent shockwaves through the global economy, with African and Caribbean economies bearing the largest share of the brunt. Given the significance of the Gulf region as a primary global source of oil, Liquid Nitrogen Gas (LNG), fertilisers, as well as the critical role of the Strait of Hormuz, the outbreak has triggered wider repercussions at a global scale, including adversely affecting African and CARICOM economies. These impacts specifically affect nations that heavily rely on fuel, fertiliser, and food imports, alongside those exposed to Gulf shipping corridors, investment flows, tourism and remittance inflows.

GCRP is designed to, among others   sustain essential imports – including fuel, LNG, food, fertiliser, pharmaceuticals – by providing vital short-term Foreign Exchange (FX) and liquidity to support vulnerable member states. It further aims to empower African energy and minerals exporters to capitalise on elevated prices and rerouted trade flows, by scaling productive capacity in strategic commodities, through pre-export finance, working capital, and inventory financing. Additionally, it provides short term relief to African and Caribbean member states whose tourism and aviation industries have been adversely impacted by the crisis. The programme is also designed to build the medium to long-term resilience of African and Caribbean economies against future shocks by scaling productive capacities for producers and exporters of energy, minerals while accelerating the completion of critical energy, port, and logistics infrastructure projects in African and Caribbean member states, delayed by the conflict.

Commenting on the facility, launched on March 31, 2026, Dr. George Elombi, President and Chairman of the Board of Directors at Afreximbank said: “This crisis response programme is in tune with our DNA. We understand how our economies work and the pain points associated with these transitory crises. The programme will support African countries in adjusting smoothly to the crisis while strengthening their resilience to future shocks through interventions that transform the structure of their economies. I commend the Board of Directors of Afreximbank for their proactivity and fortitude in approving this intervention programme.”

I commend the Board of Directors of Afreximbank for their proactivity and fortitude in approving this intervention programme

 

The GCRP builds on a series of timely emergency interventions introduced by Afreximbank in recent years, which have helped to cushion most economies from the impact of recent shocks such as the commodity shock of 2015/16, the COVID-19 Pandemic of 2020/2021 and the Ukraine crisis of 2023/24. For instance, the Bank launched a US$4 billion Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA) to help African countries confront the trade and economic impact of the Ukraine crisis. Under this programme, the Bank disbursed a total of US$39 billion which helped most countries in Africa to bridge gaps associated with liquidity or access to essential goods.

 

These historical interventions underscore Afreximbank’s ability to deploy robust and innovative risk-mitigation frameworks to help its member states navigate global volatility, with a successful track record.

 

Through GCRP, Afreximbank has already begun taking proactive steps through partnerships with banks and corporates to secure fuel, other energy supplies, fertilizers and essential food imports, which supplies have been interrupted by the elongation of the crisis. Beyond the financing, Afreximbank will spearhead a coordinated regional response in partnership with the UN Economic Commission for Africa (UNECA), the African Union Commission (AUC), the African Continental Free Trade Area (AfCFTA) Secretariat, and the Caribbean Community (CARICOM) Secretariat to strengthen regional coordination on energy security, trade resilience, and supply chain diversification.

Distributed by APO Group on behalf of Afreximbank.

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