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Africa needs bold Innovative Initiatives to Unleash the Full Potential of the Continent—King Mohammed VI of Morocco

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Morocco

The Market Days, an initiative of the African Development Bank and seven other co-founding partners, is taking place in Marrakech, Morocco over the next three days

MARRAKECH, Morocco, November 9, 2023/APO Group/ — 

Morocco’s King Mohammed VI opened the 2023 Africa Investment Forum Market Days on Wednesday with a call for Africans to work together to attract the levels of private investment needed to drive the continent’s inclusive development.

The Market Days, an initiative of the African Development Bank and seven other co-founding partners, is taking place in Marrakech, Morocco over the next three days.

The platform advances projects to bankability, raises capital, and accelerates deals toward financial closure.

“Africa needs now more than ever bold, innovative initiatives to encourage private entrepreneurship and unleash the full potential of our continent,” King Mohammed VI said in a keynote speech read on his behalf by his advisor Omar Kabbaj, a President Emeritus of the African Development Bank.

The King said Morocco could serve as a model for other African countries’ efforts to overcome their infrastructure gaps. “Over the past two decades, Morocco has made infrastructure development a priority in all economic sectors,” he said. He also informed the gathering that the country was pushing toward its goal of deriving over 52% of its national electricity mix from renewable energy by 2030. 

The King also stressed that African countries should enhance “coordination and cooperation mechanisms to drive regional integration.” As an example of the country’s push to partner with neighbors, he cited the Morocco-Nigeria Gas Pipeline Project. The project will “enable all countries along the pipeline route to have access to reliable energy supplies and to be more resilient to exogenous energy price shocks.” 

Several heads of state and over 1000 participants including CEOs, heads of multilateral and regional financial institutions, business leaders and project developers and government ministers are attending the 2023 Market Days. Heads of state and government took the opportunity to make the case for investment in their countries by participating in deal-focused boardrooms and thematic plenaries. They include Azali Assoumani, President of the Union of Comoros and current chairperson of the African Union, Tanzania’s President Samia Suluhu Hassan, the President of Sierra Leone Julius Maada Bio, Rwanda’s Prime Minister Eduardo Girente and the Prime Minister of Barbados Mia Mottley.

A platform for smooth investments into Africa

In his keynote address, Dr Akinwumi A. Adesina, President of the African Development Bank Group, highlighted Africa’s prospects as a prime investment destination.

The continent is not as risky as perceived and is growing and showing resilience despite global challenges, he said, offering reasons for global investors to pursue high-risk-adjusted returns in Africa. “As investors, put your monies where the future is—The future is Africa,” said Adesina.

Heads of state took part in a conversation on Accelerating Africa’s Economic Transformation following opening statements.

As investors, put your monies where the future is—The future is Africa

The President of Comoros, Azali Assoumani, pointed out that manufactured African exports account for just 1% of world exports.  “We export them to developed countries and these countries re-export them to us processed and sell them back to us at ten times the price. Despite the obstacles, there are enormous opportunities for the development of value chains in Africa.”

President Samia Suluhu Hassan of Tanzania said technological and aviation “connectivity is a problem in Africa. We need to invest in the continent’s connectivity.” She noted that she recently had to travel via Paris from her country in East Africa to her destination in Dakar, West Africa.

President Julius Maada Bio of Sierra Leone said, “Obstacles are opportunities and how we turn obstacles into opportunities is the most important thing. Our economies are not sufficiently diversified and as soon as there is a shock, we suffer the consequences. And we are at the mercy of fluctuations in commodities like oil.”

Barbados Prime Minister Mia Mottley thanked the government of Morocco and the African Development Bank for inviting her, allowing Africans and Caribbeans to reclaim our Atlantic destiny. “We are finding more and more that opportunities for synergies and solidarities are clear,” she said. Mottley has been a forceful voice on behalf of the global south. In 2022, ahead of COP27, she announced the Bridgetown Initiative, an agenda for the reform of the global financial architecture and development finance in the context of three intersecting global crises: debt, climate, and inflation.

“Don’t ask us to choose people over planet or planet over people,” Mottley said, recommending a unified approach to the creation of a level playing field. She said there was scope for African and Caribbean people to partner in a range of spheres including pharmaceutical development and tourism, particularly the cruise ship industry.

Rwanda’s Prime Minister Édouard Ngirente commended the Africa Investment Forum. “I like events where we are discussing action rather than potential. We need action now,” he said. He urged the removal of barriers to the free movement of people.

Adesina, the chairperson of the Africa Investment Forum, also praised the platform. He said, what makes the Africa Investment Forum unique and remarkable is that it is highly innovative, and 100% transactional. “We develop and curate projects, reduce transaction costs and risks and accelerate the closure of deals,” Adesina said. “Our goal is simple: make investments to land in Africa smoothly.”

He urged attendees to seize opportunities presented during the Market Days: “Let us be concrete, bold, and decisive. The boardrooms have been well prepared. The clock is ticking. The project developers are here. The investors are here. The heads of state and governments are here. And the financial institutions are here. So, let the deals begin.”

The theme of the 2023 Market Days is Unlocking Africa’s value chains. The forum helps connect investors with bankable deals in several sectors including renewable energy, agribusiness and the manufacture of lithium-ion batteries for electric vehicles.

Adesina also conveyed the solidarity of Africa Investment Forum partners for Morocco following the devastating earthquake that struck the country in early September. The African Development Bank will commit €782 million to help finance various projects in Morocco in 2023.

The 2023 Market Days runs from 8 to 10 November. Previous iterations of Market Days have drawn more than 16,500 participants and generated cumulative investment interest of nearly $143 billion.

The Africa Investment Forum’s eight founding partners are the African Development Bank Group, Africa50, Africa Finance Corporation, Afreximbank, Development Bank of Southern Africa, European Investment Bank, Islamic Development Bank, and Trade and Development Bank.

Market Days 2023 Agenda (https://apo-opa.co/3sq4Uxt)

Dr Akinwumi Adesina’s speech (https://apo-opa.co/3QOI7oz)

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

Energy

Africa Finance Corporation (AFC), Development Finance Corporation (DFC), Standard Bank and Africa50 Lead Finance Lineup at African Mining Week 2026

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Standard Bank

Leading development finance institutions, commercial banks and private investment firms will explore financing strategies that can unlock the continent’s estimated $29.5 trillion in mine-site mineral wealth at AMW 2026

CAPE TOWN, South Africa, July 17, 2026/APO Group/ –As Africa moves to unlock an estimated $29.5 trillion in mine-site mineral value, development finance institutions, commercial banks and private investment firms are expanding financial support to help transform the continent into a globally competitive mining hub.

The growing role of financiers in unlocking Africa’s mining value chain will take center stage at African Mining Week (AMW) 2026, taking place October 14–16 in Cape Town. The event will bring together leading financial institutions – including Africa Finance Corporation (AFC), the U.S. International Development Finance Corporation (DFC), the Industrial Development Corporation of South Africa (IDC), Standard Bank, Absa Bank, Trade and Development Bank (TDB), Africa50, Apeiron Investment Group and World Mining Investment – to showcase financing models supporting mining development across the continent.

AMW comes as momentum behind mining finance continues to accelerate. In July 2026, AFC, DFC and the Development Bank of Southern Africa reached financial close on the $753 million Lobito Corridor Railway Project, one of Africa’s most significant infrastructure investments supporting the mining sector. The project will rehabilitate 1,300 km of railway linking Angola’s Port of Lobito with the DRC and Zambia, creating a faster and more cost-effective export corridor for copper, cobalt and other strategic minerals.

At AMW 2026, Vibhuti Jain, Managing Director & Regional Head for Africa at DFC, is expected to discuss the institution’s growing investment portfolio and the U.S. strategy to strengthen critical mineral supply chains through Africa.

The event also comes as South Africa strengthens exploration finance through the IDC-managed Junior Exploration Fund. In June 2026, the IDC reached a new financing milestone, increasing the number of junior mining companies supported through the fund to 13. Earlier in the year, the IDC expanded the fund’s capital allocation to R600 million, advancing the country’s efforts to revive exploration, stimulate greenfield development and strengthen the participation of locally owned mining companies. Thabiso Sekano, IDC’s Head of Mining and Metals, is expected to discuss the fund’s progress alongside broader initiatives supporting the mining industry through investments in industrial infrastructure.

Infrastructure finance will also be a key focus at AMW 2026, with Simbarashe Chikarango, Head of Project and Infrastructure Finance at TDB, and Folaseto Akin-Olugbade of Africa50 expected to highlight investments aimed at addressing the energy, transport and logistics constraints that continue to limit mining productivity.

 

TDB recently partnered with several financial institutions to launch a $176 million energy investment platform that will accelerate private-sector electrification across sub-Saharan Africa. The bank is also providing a $150 million syndicated facility to Mota-Engil Africa to finance transport, mining and infrastructure projects across multiple African markets. Meanwhile, Africa50 is supporting Kenya’s $311 million electricity transmission public-private partnership, strengthening power infrastructure essential for mining and industrial development.

Commercial banks are likewise expanding their mining portfolios. Standard Bank and Absa Bank recently participated in a $130 million financing package for South African mining company Tharisa, supporting the company’s long-term growth strategy. Standard Bank also arranged a $150 million financing facility for Rosh Pinah Zinc Corporation in Namibia to support mine expansion, reinforcing its commitment to financing strategic mining projects across Southern Africa.

Deerosh Maharaj, Executive Head for Energy, Infrastructure and Mining at Standard Bank, and Shirley Webber, Managing Principal and Coverage Head for Resources and Energy at Absa Bank, are expected to discuss opportunities to increase capital flows into African mining projects.

Private investment firms are also stepping up efforts to channel international capital into Africa’s mining sector. Apeiron Investment Group and World Mining Investment are expanding initiatives to connect investors with the continent’s growing pipeline of mining opportunities, as Africa seeks to secure a significant share of the estimated $500 billion in global investment required by 2040 to meet soaring demand for critical minerals, including copper, lithium, graphite, nickel and rare earth elements.

Sebastian Wagner, Head of Natural Resources at Apeiron Investment Group, and Didier Rault, CEO of World Mining Investment, are expected to showcase financing strategies designed to connect global investors with Africa’s next generation of mining projects.

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

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Energy

South Sudan Reforms Target New Investment Push as African Energy Chamber (AEC) Backs Oil Sector Revival

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African Energy Chamber

A working visit to the country by the African Energy Chamber identified opportunities to promote investment as South Sudan pursues production growth and reform

JUBA, South Sudan, July 17, 2026/APO Group/ –South Sudan is taking steps to reposition itself as a strategic destination for foreign investment, with a renewed focus on attracting capital across the oil value chain. During a working visit to Juba, the African Energy Chamber (AEC) (https://EnergyChamber.org/) – which serves as the voice of the African energy sector – engaged with government officials and industry stakeholders to identify priority reforms designed to stimulate new capital flows, increase production and advance projects across both upstream and downstream segments.

The visit reflects a shared recognition that while South Sudan remains one of the continent’s most resource-rich oil frontiers, lack of investment has disrupted the country from unlocking the full potential of its hydrocarbon reserves. The government seeks to address this challenge by implementing new reforms aimed at strengthening the investment climate, ensuring clearer regulatory frameworks and incentivizing greater participation from both international and regional operators.

South Sudan possesses the resource potential to become one of Africa’s most compelling frontier investment destinations

With proven oil reserves of 3.5 billion barrels, South Sudan is both a legacy oil producer and currently the only major oil producer in East Africa. Production is largely led by the national oil company Nilepet, alongside Dar Petroleum Operating Company, Greater Nile Petroleum Company – operated by China National Petroleum Company – and Sudd Petroleum Operating Company. South Africa’s Strategic Fuel Fund also holds a 90% stake in the Block B2 concession, with plans to advance exploration while assessing opportunities for refining development.

Current production ranges between 70,000 barrels per day (bpd) and 100,000 bpd, with approximately 8.5 million to 12.2 million barrels of production estimated between August and November 2026. The government seeks to raise these numbers by attracting investment across the entire oil value chain, facilitating greater exports while addressing key national challenges such as fuel security and power generation. Oil represents the backbone of South Sudan’s economy, and the government seeks to cement this position by introducing reforms aimed at alleviating the country’s energy crisis.

To achieve this, the government has committed to reduce barriers to investment, improve project execution and create a more predictable environment for energy companies. Discussions also explored opportunities across natural gas, power generation and associated infrastructure, recognizing that diversified energy investment will be essential to supporting long-term economic development. The AEC reaffirmed its commitment to promote South Sudan on a global stage, taking the country’s energy story to a global audience.

Beyond oil and gas production, a major focus of the working visit was strengthening local content. Parties discussed strategies to increase employment opportunities for South Sudanese workers, while developing local value chains and ensuring that future projects generate broader economic benefits beyond production revenues. By increasing international visibility, the Chamber aims to position South Sudan alongside other emerging African energy markets competing for exploration and infrastructure capital.

“South Sudan possesses the resource potential to become one of Africa’s most compelling frontier investment destinations, but attracting capital requires sustained engagement with the global investment community. The Chamber will champion South Sudan’s opportunities on the international stage, connecting investors with government and industry leaders while supporting reforms that create a stable, competitive and investable energy sector capable of delivering long-term growth,” said NJ Ayuk, Executive Chairman of the AEC.

Distributed by APO Group on behalf of African Energy Chamber.

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Energy

VivaJets Returns to African Energy Week (AEW) 2026 as Gold Sponsor After Rapid Fleet and Route Expansion

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African Energy Chamber

The Nigerian aviation company returns with a larger fleet, new financing and a West African hub in Abidjan

CAPE TOWN, South Africa, July 16, 2026/APO Group/ –VivaJets, the Nigerian business aviation company that served as the official Private Aviation Partner at African Energy Week (AEW) 2025, will return to the event as a Gold Sponsor at AEW 2026, taking place from October 12-16 in Cape Town. The upgrade reflects a year of rapid growth for the company, which has expanded its fleet, secured new international financing and opened its first hub outside Nigeria.

VivaJets operates under the parent company Falcon Aerospace Limited and provides aircraft charter, management and brokerage services from its base in Nigeria. Since beginning operations in 2022, the company has logged more than 2,000 flight hours serving corporate, government and energy-sector clients across domestic and international routes. It holds an Air Operator’s Certificate from the Nigerian Civil Aviation Authority, secured in March 2025, and currently operates a fleet of four aircraft including two Bombardier Challenger 604s, a Hawker 850XP and a Hawker 900XP. CEO Erika Achum has said the fleet will grow further by the third quarter of 2026.

The financing to support that growth has come quickly. In October 2025, VivaJets secured a $10 million credit facility from London-based TLG Capital, structured alongside Nigeria’s Wema Bank, in what both parties described as the first internationally structured aviation financing for a Nigerian air operator. In April 2026, the company raised a further $15 million and announced plans to open an operational hub in Abidjan, extending its reach into francophone West Africa and positioning itself closer to energy markets in Ivory Coast, Senegal and the wider MSGBC basin.

When investors and operators can move across borders without friction, deals close faster and projects move forward

Falcon Aerospace has also launched a joint venture, OrientJets, in partnership with Flybird Aircraft Management Services, based in Aruba, to serve international routes and strengthen the group’s presence beyond the continent.

The expansion is built around a thesis that private aviation in Africa is not a luxury service but an operational necessity, particularly for the energy sector. Oil and gas operations depend on moving personnel and equipment to remote field locations on short notice, investor delegations need reliable access to markets where commercial routes are limited or indirect and conference travel between African capitals often requires multiple connections on commercial airlines. According to industry data, roughly 80% of VivaJets’ charter demand comes from large corporate and government clients, with energy among the largest segments. At AEW 2025, VivaJets operated direct charter flights to Cape Town for delegates, putting the thesis into practice.

“Aviation is infrastructure for African energy, and VivaJets has shown how quickly a homegrown company can build the kind of connectivity that the sector needs,” says NJ Ayuk, Executive Chairman of the African Energy Chamber. “When investors and operators can move across borders without friction, deals close faster and projects move forward.”

VivaJets has also become a vocal advocate for the regulatory reform needed to make that connectivity easier. The company has called for the removal of restrictive visa regimes for aircrews and the harmonization of aviation rules across the continent, aligning with the African Union’s Single African Air Transport Market initiative, which aims to liberalize Africa’s airspace and lower the cost of intra-African travel.

The company’s growth from a single-aircraft startup in 2022 to a licensed, internationally financed aviation business with expanding routes across the continent has made it one of the more visible examples of African entrepreneurship in a sector long dominated by foreign operators. At AEW 2025, Achum spoke on the role of SMEs and startups in Africa’s energy economy, a theme the company is expected to carry forward at this year’s event.

Distributed by APO Group on behalf of African Energy Chamber.

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