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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).

Business

African Petroleum Producers’ Organization (APPO) Chief Ghezali to Bring Pan-African Energy Perspective to Libya Energy & Economic Summit (LEES) 2027

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Etu Energias

APPO Secretary General Farid Ghezali will join government, industry and investment leaders in Tripoli as Libya targets higher oil and gas production and seeks to attract new capital into its upstream sector

TRIPOLI, Libya, September 2, 2026/APO Group/ –Farid Ghezali, Secretary General of the African Petroleum Producers’ Organization (APPO), will speak at the Libya Energy & Economic Summit (LEES) 2027, taking place January 23–25 in Tripoli, adding a senior continental voice to discussions on the country’s next phase of energy development.
 




 

The announcement comes as Libya seeks to raise oil and gas production and attract new investment across its upstream sector. The National Oil Corporation (NOC) reported crude output of 1.44 million barrels per day (bpd) in June 2026, while targeting 1.5 million bpd in the near term and 2 million bpd over the longer term. Meeting these targets will require further investment in exploration, field development, infrastructure and production capacity.

Against this backdrop, Ghezali’s participation at LEES 2027 will bring a pan-African perspective to the event, with the organization representing African oil-producing countries and promoting cooperation on petroleum policy, investment, technology, capacity building and the development of the continent’s hydrocarbon resources.

His participation also comes as APPO’s engagement with Libya deepens. Tripoli hosted the organization’s 2026 Training Officials Forum, reinforcing Libya’s role in continental energy cooperation. At LEES 2027, Ghezali will contribute to discussions examining how Libya can translate its resource base and production ambitions into new investment, partnerships and energy-sector growth.

The fifth edition of LEES will bring together governments, national oil companies, international operators, investors and service companies to explore opportunities across Libya’s oil and gas sector, alongside power and renewable energy. With Libya seeking to expand production while attracting the capital and technical expertise required to unlock new resources, the summit will provide a platform for dialogue between African producers and the international investment community.

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

 




 

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Energy

Oil & Gas Arbitration in Africa Moves Up the Investor Agenda at African Energy Week (AEW) 2026

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African Energy Chamber

A dedicated Upstream E&P Forum panel will examine how resource nationalism, ESG requirements and geopolitical disruption are reshaping dispute resolution across Africa’s oil and gas sector

CAPE TOWN, South Africa, September 2, 2026/APO Group/ –As African governments seek greater state participation, higher local content and a larger share of resource revenues, the terms governing oil and gas investments are changing across the continent. Since 2014, 31 African countries have reformed their mining and petroleum codes, creating new commercial and regulatory considerations for international investors. The resulting environment is placing greater emphasis on how upstream agreements anticipate regulatory change, protect investments and resolve disputes when commercial assumptions shift.
 




 

African Energy Week (AEW) 2026, taking place October 12–16 in Cape Town, will bring this issue into focus through a dedicated session at the Upstream E&P Forum: Resource Nationalism, ESG and Investor Protection: The New Frontier of Oil and Gas Arbitration in Africa. Sponsored by Africa-focused legal and advisory firm CLG, the panel will bring together operators, investors, legal practitioners and government representatives to examine how commercial agreements can be structured to manage disputes before they escalate.

Nigeria provides a clear example of how the legal architecture around upstream investment is evolving. The Petroleum Industry Act, enacted in 2021, overhauled the country’s petroleum fiscal and regulatory framework, changing the terms governing production-sharing contracts, joint ventures and other upstream arrangements. Nigeria has also strengthened its dispute-resolution framework through the Arbitration and Mediation Act of 2023, while the Nigerian Upstream Petroleum Regulatory Commission has promoted an Alternative Dispute Resolution Center designed to provide a sector-specific mechanism for resolving upstream disputes.

You cannot do a deal in Africa today without thinking seriously about how you would resolve a dispute if the terms change

Senegal illustrates another dimension of the challenge. Following first oil at the Sangomar field in 2024 and a rapid production ramp-up, the government established a commission to review existing oil and gas contracts with operators including Woodside and bp. While governments retain the sovereign right to review their resource agreements, such processes can alter the commercial assumptions underpinning investments and raise questions around stabilization provisions, production-sharing terms and other contractual protections.

Across parts of West Africa, political transitions, security disruptions and changes to mining and petroleum legislation are adding further uncertainty for investors. At the same time, geopolitical shocks and shifting global energy policies are testing agreements that were negotiated under very different market conditions. For companies committing billions of dollars to long-life upstream projects, the ability to anticipate and manage those changes has become an increasingly important component of investment decisions.

Arbitration remains a central tool. A review by Nigerian law firm OAL found that by 2025, most cross-border oil, gas and power agreements in Africa expressly identified arbitration as the preferred dispute-resolution mechanism. At AEW 2026, the Upstream E&P Forum panel will examine why arbitration continues to dominate cross-border energy contracts and how bilateral investment treaties, domestic legislation, ESG obligations and changing regulatory requirements interact when disputes arise.

“You cannot do a deal in Africa today without thinking seriously about how you would resolve a dispute if the terms change. We’re increasingly seeing arbitration planning as part of the commercial conversation from the start, and rightly so,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “That commercial focus is central to AEW 2026, which brings governments, investors, operators and legal experts together to address the practical conditions required to unlock the continent’s next wave of energy investment.

The Resource Nationalism, ESG and Investor Protection session will examine the intersection of contractual protections, regulatory change, political risk and the technical complexities of energy projects, giving investors and governments a practical forum to consider how stronger dispute-resolution frameworks can support Africa’s next generation of oil and gas investment.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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Project & Investment Network and African Infrastructure Elites: A stronger platform for African project visibility

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Project

The Project & Investment Network is a dedicated meeting ground for project developers, financiers, investors, utilities, municipalities, commercial and industrial energy users and strategic partners active in Africa’s power, energy and water sectors

 




 

CAPE TOWN, South Africa, September 2, 2026/APO Group/ –Africa’s power, energy and water sectors need more than good ideas. They need visibility, credibility, structured engagement and the right capital connections.

The Project & Investment Network (https://apo-opa.co/4qPyeal) (P&IN), created by VUKA Group, supports this by creating a curated environment where project owners can present opportunities and investors can identify high-potential developments aligned with their mandates. With African Infrastructure Elites (https://apo-opa.co/4h4j2mu) as Host Media Partner, these opportunities gain additional reach through one of Africa’s trusted power, energy, water and utility media platforms.

This partnership helps bridge a persistent gap in the market: strong projects need access to capital and investors need credible, well-positioned opportunities.

The Project & Investment Network is a dedicated meeting ground for project developers, financiers, investors, utilities, municipalities, commercial and industrial energy users and strategic partners active in Africa’s power, energy and water sectors.

Through this collaboration, African Infrastructure Elites will support The Project & Investment Network by amplifying the projects, people and investment conversations shaping Africa’s infrastructure future.

Upcoming opportunities to participate

P&IN will create opportunities for project owners and investors to engage across VUKA Group’s upcoming power, energy and water events:

Project & Investment Network Open: 23 October 2026, Serengeti Golf Club, Johannesburg, South Africa: Register your interest (https://apo-opa.co/4ygw8D6) in participating in the Open.

C&I Energy + Storage Summit Johannesburg: 28 – 29 October 2026, The Maslow Hotel, Sandton, Johannesburg, South Africa: A targeted platform for South Africa’s commercial and industrial sector, co-located with a C&I-focused Water Security Africa programme and the EIUG Conference. Find out more (https://apo-opa.co/4qTkLyv).

Enlit Africa: 11 – 13 May 2027, CTICC, Cape Town, South Africa: Africa’s leading power, energy and water conference and exhibition, hosted annually at the CTICC in Cape Town and attended by thousands of sector stakeholders from across the continent and beyond. Find out more (https://apo-opa.co/4yal5v6).

Water Security Africa: 11 – 13 May 2027, CTICC, Cape Town, South Africa: Co-located with Enlit Africa, this platform explores the water-energy-food nexus and the solutions needed to strengthen water resilience across Africa. Find out more (https://apo-opa.co/4zOtF4e).

Submit your project

Do you have a power, energy, water or infrastructure project seeking visibility, finance or strategic partners? Submit your project (https://apo-opa.co/4qPyeal) to the Project & Investment Network.

Apply as an investor

 

Are you looking for credible project opportunities across Africa’s power, energy and water sectors? Apply to participate as an investor (https://apo-opa.co/4qPyeal) in the Project & Investment Network.

For sponsorship enquiries, please contact Marcel du Toit: marel.dutoit@wearevuka.com

Why Africa Infrastructure Elites matters

The African Infrastructure Elites (https://apo-opa.co/4h4j2mu) is an annual initiative by ESI Africa that recognises the projects, leaders and innovations shaping Africa’s power, energy, water and transport markets. The platform profiles the people and projects driving measurable impact across the continent, from generation, transmission and distribution to water, storage, clean energy, infrastructure, mobility and sector-coupling solutions.

For project owners, being associated with Elites creates long-term visibility among decision-makers, policy influencers, technical specialists and investment stakeholders. For investors, it provides a trusted lens into the projects, companies and leaders advancing Africa’s energy, water and transport priorities.

Nominations for the 11th African Infrastructure Elites: Projects and People Magazine are open (https://apo-opa.co/3UQS6xY) until the 2nd of October 2026.

The theme for the 2026/27 edition, Access and Affordability Empowers Security for All, speaks directly to one of Africa’s most pressing development imperatives. Reliable and affordable access to electricity, clean water, sanitation and sustainable transport remains fundamental to economic growth, social wellbeing and long-term resilience.

Distributed by APO Group on behalf of VUKA Group.

 




 

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