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Africa pushes for access to clean cooking

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African Guarantee Fund

The African Guarantee Fund (AGF) and the Clean Cooking Alliance (CCA) recently announced a partnership that promotes investments in clean cooking companies and programmes

JOHANNESBURG, South Africa, April 19, 2023/APO Group/ — 

Africa is mobilizing capital to boost access to clean cooking with series of new deals aimed at funding energy transition projects across the continent.

The African Guarantee Fund (AGF) and the Clean Cooking Alliance (CCA) recently announced a partnership that promotes investments in clean cooking companies and programmes.

The two organizations, according to a statement (https://apo-opa.info/43HqviO), will focus on markets in East, Southern, and West Africa, where they see a significant need and opportunity to expand investments in green projects through clean cooking.

“The partnership will enable carbon project developers to access pre-financing, thus helping to speed up both customers’ access to clean cooking,” says Feisal Hussain, Senior Director of Innovative Finance at the Clean Cooking Alliance (CCA).

The CCA, a non-profit organisation, operates with the support of the United Nations Foundation to promote clean cooking technologies in lower and middle income countries. Feisal Hussain says the CCA will use its network across the cooking and carbon markets in its partnership with the AGF in Africa. “We aim to lower the entry barrier for smaller clean cooking companies, helping to build carbon markets that are accessible to many.”

Partnerships for clean cooking tackle future risks

The International Energy Agency (IEA) estimates that 970 million Africans lack access to clean means of cooking. And recent spikes in the price of cooking gas have forced millions back into more polluting but cheaper alternatives.

According to the United Nations Framework Convention on Climate Change (UNFCCC), if nothing is done to provide cleaner cooking alternatives, 1.67 billion Africans will rely on wood and charcoal for cooking by 2050.

That has serious impact on climate, on the conservation of African forests, and especially on health. According to 2022 data from the World Health Organization (WHO), 3.2 million people already die prematurely every year from illnesses attributable to household air pollution. No thanks to the incomplete combustion of solid fuels and kerosene used for cooking. But partnerships such as that between AGF and CCA can help to stem the dangerous tide.

 “Our partnership with the Clean Cooking Alliance targets financial institutions to enable them grow their clean energy portfolios by developing innovative financial solutions that promote clean cooking and use of clean fuels,” AGF Group CEO, Mr. Jules Ngankam said. 

The partnership will enable carbon project developers to access pre-financing, thus helping to speed up both customers’ access to clean cooking

AGF’s Green Guarantee Facility and Technical Assistance, according to Jules Ngankam, will address capacity-building gaps and risks that surround lending to green SMEs across Africa. 

“It will also prepare these SMEs to become credit and investment-ready to allow them fully play their role of promoting sustainability and growing Africa’s green economy.”

More partnerships for improved access to clean cooking

Earlier this month in Vienna, the OPEC Fund for International Development (the OPEC Fund) and the United Nations Industrial Development Organization (UNIDO) deepened their partnership in advance clean energy transition (https://apo-opa.info/41DNPft) in Africa. They signed a US$1.5 million technical assistance grant agreement in support of the National Clean Cooking Transition Program in Madagascar.

The OPEC Fund grant will finance detailed studies and pilot projects as part of the Madagascar clean cooking transition programme. OPEC Fund is funding the programme with a US$35 million loan. UNIDO and project partners will also develop a framework to track development results.

“We are very pleased to expand our cooperation with UNIDO and to support our flagship clean cooking program in Madagascar with UNIDO’s vast technical and advisory expertise, which is critical for an effective implementation,” OPEC Fund Director-General Dr. Abdulhamid Alkhalifa said. 

UNIDO is working with the OPEC Fund to expand the use of clean fuels and technologies to improve health and living conditions of communities in Madagascar, Director-General of UNIDO Gerd Müller said.  “This partnership will make a difference as we plan to roll-out clean cooking solutions to 500,000 households in five cities across the country.”

Madagascar is not alone

In Nigeria, a new Joint Venture agreement aims to invest in a range of carbon avoidance and removals projects as part of efforts to support the energy transition plan in Africa’s most populous country.

The Nigeria Sovereign Investment Authority and Vitol, a global energy and commodities company, completed the Carbon Vista JV (https://apo-opa.info/41GnDRC).  Both parties have set aside an initial $50 million to the new venture. 

The JV’s first investment will go into a household energy efficiency programme. The programme, for a start, will deploy up to 200,000 devices each for clean cooking and water filtration.

“For countries like ours rich in fossil fuel, we also find ourselves in a situation where we are energy poor,” notes Vice President Yemi Osinbajo. The Nigerian Vice President says the energy transition remains tough for gas-rich and fossil fuel-rich countries.  

That said, Yemi Osinbajo believes clean energy holds a lot of promise for the continent. “I believe Africa can become the first truly green civilisation to use renewable fuel for purposes of a transformative economic journey.”

Distributed by APO Group on behalf of Green Energy Africa Summit.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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February 6, 2026

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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February 6, 2026

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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February 6, 2026

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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