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Africa rises as a startup investment destination, 9th Africa Early Stage Investor Summit (#AESIS2022) connecting 1000+ investors

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AESIS2022

3000+ attendees in total including Entrepreneur Support Organizations, incubators, accelerators and select high-impact startups

AMSTERDAM, Netherlands, November 10, 2022/APO Group/ — 

VC4A (https://www.VC4A.com) and ABAN hosted Africa’s investor community at the 9th Africa Early Stage Investor Summit (#AESIS2022) from 2-4 November 2022. 1000+ investors connected via the virtual summit, 3000+ attendees in total including Entrepreneur Support Organizations, incubators, accelerators and select high-impact startups. 30 cities unlocked for Investor Meetups in 25 countries worldwide. 12 organizations joined the partner list, boosting support for the theme Investing with a Gender Lens & Clean/Green Tech .14 women-led companies presented at the first Women Founder Edition of the VC4A Venture Showcase Africa.

On November 2nd, 3rd and 4th, VC4A and ABAN brought Africa’s investor community together for the 9th Africa Early Stage Investor Summit. The industry leading event, which successfully hosted 3000+ attendees from all over the world.

In a major milestone this edition, 1200+ investors attended the exclusive and in-person Investor Meetups in 30 cities worldwide, more than doubling from 13 cities in 2021. We witnessed many new bonds formed and celebrated the past year with one another as the community continues to grow. Experience moments from the Investor Meetups in the aftermovies (https://bit.ly/3hwYxmj) and look through the picture gallery (https://AESIS2022.myportfolio.com).

#AESIS2022 in highlights

– 89 speakers (55% female)
– 30 investor meetups hosted by partners in 25 different countries
– 60 virtual sessions featuring

  • 8 fireside chats
  • 6 investor panels
  • 4 investor masterclasses as part of the AESIS Academy
  • 3 keynotes
  • 3 research presentations
  • 2 interactive workshops
  • 14 VC4A Venture Showcase companies pitching their Seed/Series A rounds and
  • 6 DFIs joining the Office Hours resulting in 30 1-on-1 meetings

Shining the spotlight on gender inclusive investing

Jessica Espinoza of 2X Collaborative gave the keynote address on gender-smart investing, highlighting that “Gender balanced leadership teams in private equity generate 20% higher net IRR, yet, we don’t find good gender balance in leadership in early stage investing”, adding that “This is a missed opportunity that can be resolved by adopting a gender smart lens.”

In addition, two key research reports were presented by Briter Bridges (https://bit.ly/3NV6td1) and Africa: The Big Deal (https://bit.ly/3Toz4Zq), which highlighted record breaking angel and venture capital investments into Africa early stage businesses. Only $1 out of every $15 of this investment went to women founded and led startups.

14 women-led companies selected for the 2022 VC4A Venture Showcase Africa (https://VentureShowcase.VC4A.com) were invited to pitch as part of the first Women Founder Edition. These founders are all looking to raise their pre-seed to seed and Series A rounds of between USD 250K – 10M, as Venture Showcase alumni have raised USD 600M till date.

At #AESIS2022, the Ecosystem Side Event was launched with the aim to speak to the intersection between entrepreneurship development and early-stage investing. Industry leaders dug into different views around investment readiness and ESO sustainability. The segment was attended by more than 300 delegates, and was hosted thanks to the partnership with GIZ Make-IT in Africa. The panel on Hub Sustainability was powered by FMO Ventures.

AESIS2022 would not  have been possible without the support from our #AESIS2022 partner organizations. We would like to specially thank Strategic partners GIZ Make-IT in Africa and Work in Progress! Alliance, Knowledge partners FMO Ventures and the UNDP – Africa Sustainable Finance Hub (ASFH), and Friends of the Summit – UK South Africa Tech Hub, the Bestseller Foundation, Launch Africa Ventures, Dutch Good Growth Fund, AWS Activate, Flourish Ventures, Afrilabs and Next176 by Old Mutual.

Nine years ago when AESIS first launched, “there was approximately 120M USD in investment to around 30 early stage deals. Now in 2022 the ecosystem has crossed the 4B USD mark in investment in over 200 deals” said Hope Ditlhakanyane, who added that “#AESIS2022 is a good moment for us to reflect on how far we have come as an industry to grow venture investing across the continent”. All recordings of the virtual Summit remain available via www.AfricaInvestorSummit.com.

Looking ahead with great anticipation to the next edition. Join us again next year for the 10th anniversary of the Africa Early Stage Investor Summit at #AESIS2023.

Distributed by APO Group on behalf of VC4A.

Business

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

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Mozambique

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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