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African Development Bank achieves global first: Issues highest rated hybrid capital by a multilateral development bank

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African Development Bank

The S&P Global Ratings assigned a AA-rating to the debut transaction, the highest rating for hybrid capital

ABIDJAN, Ivory Coast, July 27, 2023/APO Group/ — 

The African Development Bank Group (www.AfDB.org) has received global recognition for its inaugural hybrid capital issuance, positioning the Bank as a pioneer in innovative sustainable financing.

The S&P Global Ratings assigned a AA-rating to the debut transaction, the highest rating for hybrid capital. The proposed issuance would be the first ever by a multilateral development bank.

Hybrid capital will have a multiplier effect on the Bank’s financing, and allow for the issuance of additional green, social and sustainable bonds to finance projects targeting some of the continent’s most critical development challenges including food security, access to water and health services, and climate change.

Hybrid capital is a combination of debt and equity, that complements rather than replaces these two sources of finance

According to the President of the African Development Bank Group, Dr Akinwumi Adesina, global and regional multilateral development banks are being asked to change their business models to leverage more financing at scale, to tackle climate change and accelerate development. “The African Development Bank is a pioneer in financial innovations. Our decision to issue hybrid capital will allow us to leverage more financing from capital markets to further accelerate Africa’s growth and development,” Adesina said.

According to S&P, “As far as we are aware, the African Development Bank would be the first MLI (Multilateral Lending Institution) to incorporate hybrid capital into its capital structure.” The Bank’s hybrid capital initiative has garnered global attention, including from the G20 Capital Adequacy Experts group, which has recommended that other multilateral development banks also explore hybrid capital instruments.

Hybrid capital is a combination of debt and equity, that complements rather than replaces these two sources of finance. It is an established financing instrument that is widely used by corporates, financial institutions, insurance companies, and agencies, but has not yet been used by multilateral development banks.

“This is another way to bolster an MDB capital base and optimise its balance sheet. The African Development Bank is starting a new asset class, hybrid capital, issued by AAA-rated multilateral development banks,” said the Bank’s Vice President for Finance and Chief Financial Officer, Hassatou N’Sele.

Adesina said he was delighted with this historic achievement by the African Development Bank. “We will continue to respond and lead with financial innovations, in response to the need to leverage more financing, as per the global calls for reforms of the global financial architecture,” the bank chief said.

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

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Scottish Africa Business Association (SABA) and APO Group Partner to Promote African Trade and Investment Between Scotland and Africa

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SABA

The collaboration with SABA aligns with the company’s vision of championing Africa’s narratives, amplifying Africa’s voices, and bridging Africa and the world

EDINBURGH, Scotland, March 11, 2025/APO Group/ –The Scottish Africa Business Association (SABA) (www.AfricaScot.com), a membership organisation seeking to facilitate commercial success by connecting Scotland and Africa, and APO Group (www.APO-opa.com), the award-winning pan-African communications consultancy and press release distribution service, are pleased to announce a partnership in terms of which APO Group will provide strategic communications support to SABA in its activities aimed at fostering business relations and facilitating trade between Scotland and the African continent.

Strategic partnerships between Africa and Scotland are opening new markets in several sectors. The latter’s expertise in renewable energy has seen Scottish businesses active (https://apo-opa.co/4iFLhG6) in 72 countries, including African nations such as Burundi, Cabo Verde, and Mozambique. Collaborations between Scottish universities and African institutions (https://apo-opa.co/4kHgnyU) focus on research, capacity building and knowledge exchange, and there is growing interest in technological collaborations, particularly in areas such as fintech, health tech and agritech.

Turning Scotland-Africa Connections into Commercial Success 

SABA was established in response to a need by both African and Scottish stakeholders for streamlined, secure engagement with potential trade and investment partners on the continent. It aims to help deliver tangible commercial outputs that benefit African countries and Scottish companies and institutions by making executing opportunities easier for both sides. With an in-depth understanding of African sectoral needs in the energy, agriculture, education, healthcare, fintech, and other industries, and insight into Scotland’s strengths and capabilities in these sectors, SABA works closely with members, African governments, and its partners and local network to help identify, research, and define specific opportunities and potential funding options.

Our partnership with APO Group is a key step in amplifying our aims, ensuring that the opportunities we create reach the right audiences and have a lasting impact

“At SABA, we are committed to building meaningful connections that drive commercial success for Scotland and Africa. Our partnership with APO Group is a key step in amplifying our aims, ensuring that the opportunities we create reach the right audiences and have a lasting impact. With APO Group’s deep expertise in strategic communications across the continent, we can better support our members and businesses in Scotland, showcase Scotland’s strengths in key sectors, and increase trade and investment that benefits businesses on both sides. Together, we are strengthening Scotland-Africa partnerships and unlocking new opportunities for collaboration and growth,” said SABA Chief Executive Officer, Frazer Lang.

A Commitment to Advancing Excellence in Africa 

With a long-standing and accomplished track record of supporting global clients on the African continent, APO Group’s multilingual, multicultural team has extensive experience and expertise in navigating Africa’s complex media and business landscape. The collaboration with SABA aligns with the company’s vision of championing Africa’s narratives, amplifying Africa’s voices, and bridging Africa and the world.

Emphasising the two organisations’ mutual goal of promoting tangible business opportunities on the African continent, APO Group Founder and Chairman, Nicolas Pompigne-Mognard (www.Pompigne-Mognard.com) said, “APO Group’s unrivalled network and ecosystem, strong media relationships, and strategic partnerships open doors to diverse markets across Africa. With a shared commitment to showcasing the continent’s innovation and opportunities for economic growth, and telling the many positive stories that exist, our 360-degree consultancy approach brings the best of APO Group to SABA. We look forward to working with SABA to increase Africa’s visibility in the global business landscape while strengthening Scotland’s position as a key player in African economic development.”

In addition to initiatives like the recently launched SABA Briefings (https://apo-opa.co/3FjOGMA), aimed at equipping Scottish businesses with the tools, information, and support to successfully enter and thrive in African markets, SABA offers a diverse range of Africa-focused events (https://apo-opa.co/3XEGwo8) and trade missions to increase trade, collaboration, and business opportunities between Scotland and African markets. APO Group will work with SABA to maximise these opportunities.

“At SABA, our mission is to make doing business in Africa easier and more effective for Scottish companies.  This partnership with APO Group will strengthen our ability to support our members as they navigate the opportunities across the continent.  By enhancing our reach and engagement through APO Group, we can better connect Scottish and African businesses in these key markets,” added Seona Shand, Chief Operating Officer at SABA.

Distributed by APO Group on behalf of APO Group.

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Youth Charter Calls for Greater Collaboration and Coordinated Efforts in Sport for Development and Peace on Commonwealth Day #TogetherWeThrive

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Commonwealth Day

The Youth Charter believes that by harnessing this potential, we can address critical challenges such as youth unemployment, gender inequality, and conflict resolution

LONDON, United Kingdom, March 10, 2025/APO Group/ –In celebration of Commonwealth Day, the Youth Charter (www.YouthCharter.org) is calling for enhanced collaboration and a unified approach to leverage the power of sport for development and peace. As nations across the Commonwealth come together to honour shared values and aspirations, it is imperative that we recognise the unique role of youth and sport in driving positive change within our communities.

Sport has long been recognized as a powerful tool for fostering social cohesion, promoting inclusion, and empowering young people. It transcends boundaries and brings together individuals from diverse backgrounds, encouraging teamwork, respect, and mutual understanding. The Youth Charter believes that by harnessing this potential, we can address critical challenges such as youth unemployment, gender inequality, and conflict resolution.

“We urge governments, organisations, and stakeholders across the Commonwealth to prioritise and invest in coordinated efforts that integrate sport into development initiatives,” said Geoff Thompson, Chair of the Youth Charter. “By working together, we can create sustainable programmes that not only enhance physical well-being but also cultivate essential life skills and promote peace.”

The Youth Charter emphasises the importance of engaging young people in the planning and implementation of these initiatives. Their voices and perspectives are crucial in shaping programmes that resonate with their needs and aspirations. As we commemorate Commonwealth Day, let us reaffirm our commitment to empowering youth through sport and creating pathways for dialogue, understanding, and peace.

We invite all Commonwealth nations to join us in this call to action. By fostering partnerships and sharing best practices, we can create a more inclusive and peaceful world where every young person has the opportunity to thrive.

#TogetherWeThrive

We urge governments, organisations, and stakeholders across the Commonwealth to prioritise and invest in coordinated efforts that integrate sport into development initiatives

Links: https://apo-opa.co/4kDEb6L

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

Distributed by APO Group on behalf of Youth Charter.

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Kaspersky uncovers sophisticated deception campaign using DeepSeek AI as bait

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Kaspersky

Kaspersky’s Threat Research and AI Technology Research have jointly identified a sophisticated deception campaign exploiting the rapid growth and public interest surrounding DeepSeek AI

JOHANNESBURG, South Africa, March 10, 2025/APO Group/ –Security researchers at Kaspersky (www.Kaspersky.co.in/) have revealed how cybercriminals used geofencing, compromised business accounts and coordinated bot networks to distribute malware disguised as DeepSeek AI software, generating over 1.2 million views on X.

Kaspersky’s Threat Research and AI Technology Research have jointly identified a sophisticated deception campaign exploiting the rapid growth and public interest surrounding DeepSeek AI — a popular generative AI chatbot — in order to distribute malware through fraudulent websites.

In their investigation, Kaspersky researchers revealed that cybercriminals established deceptive replicas of the official DeepSeek website, using domain names like “deepseek-pc-ai[.]com” and “deepseek-ai-soft[.]com.” A distinctive feature of this campaign was its use of geofencing technology, where malicious websites examine each visitor’s IP address and dynamically alter content presentation based on geographic location, enabling attackers to fine-tune their approach and reduce detection risks.

“This campaign demonstrates notable sophistication beyond typical social engineering attacks,” explained Vasily Kolesnikov, senior malware analyst at Kaspersky Threat Research. “Attackers exploited the current hype around generative AI technology, skillfully combining targeted geofencing, compromised business accounts and orchestrated bot amplification to reach a substantial audience while carefully evading cybersecurity defenses.”

This campaign demonstrates notable sophistication beyond typical social engineering attacks

According to Kaspersky’s analysis, the campaign’s primary distribution channel was the social media platform X. Attackers strategically compromised the social media account of a legitimate Australian company to widely disseminate fraudulent links. This single malicious post drew significant attention, reaching approximately 1.2 million impressions and generating hundreds of reposts. Researchers determined that these reposts largely originated from coordinated bot accounts — evident due to their similar naming conventions and profile characteristics — indicating a deliberate amplification of the malicious content.

Visitors lured to the fraudulent websites were directed to download a fabricated DeepSeek client application. Instead of the authentic software, these sites delivered malicious installers using the Inno Setup installation platform. Once executed, these compromised installers attempted to contact remote command-and-control servers to retrieve Base64-encoded PowerShell scripts. These scripts subsequently activated Windows’ built-in SSH service, reconfigured it with attacker-controlled keys and enabled full remote unauthorised access to compromised systems.

All malware payloads connected to this campaign are proactively identified and blocked by Kaspersky security products such as Trojan-Downloader.Win32.TookPS.* variants.

To remain secure, Kaspersky advises people to do the following:

  • Check URLs meticulously. Fraudulent AI websites often use domain names that closely resemble legitimate services but contain subtle differences. Before downloading any AI software, verify that the website URL exactly matches the official domain with no additional words, hyphens or spelling variations.
  • Use comprehensive security protection. Deploy a robust security solution like Kaspersky Premium on all devices to detect and block malicious installers and websites before they can compromise your system.
  • Keep all software updated. Many security vulnerabilities exploited by malware can be addressed by installing the latest versions of your operating system and applications, particularly security software.

Read more on Securelist.com and Kaspersky Daily blog (https://apo-opa.co/4iDjGFt).

Distributed by APO Group on behalf of Kaspersky.

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