The discussions focused on the first version of the country diagnostic note, prepared by the Bank for Côte d’Ivoire, and the completion report of the Bank’s 2018-2022 Country Strategy Paper (CSP)
ABIDJAN, Ivory Coast, August 1, 2022/APO Group/ —
The African Development Bank (www.AfDB.org) and the government of Côte d’Ivoire initiated a preliminary dialogue in Abidjan on July 18-22, 2022, to lay the foundations for the Bank’s strategy in Côte d’Ivoire over the next five years.
Led by the Bank’s Deputy Managing Director for West Africa, Joseph Ribeiro, the Bank’s delegation held weeklong discussions with various stakeholders and partners in Côte d’Ivoire, including senior government officials from the Prime Minister’s office, the Ministry of Planning and Development, Ministry of Economy and Finance, and technical departments of the main ministries concerned with the Bank’s work in Côte d’Ivoire. Technical and financial partners of Côte d’Ivoire also took part in the meetings, as did representatives of the Ivorian private sector and civil society.
The discussions focused on the first version of the country diagnostic note, prepared by the Bank for Côte d’Ivoire, and the completion report of the Bank’s 2018-2022 Country Strategy Paper (CSP) (https://bit.ly/3zg0B7e) for Côte d’Ivoire, which expires at the end of the year. The dialogue also included a performance review of the portfolio of projects financed by the Bank in Côte d’Ivoire during 2022. Lessons were learnt regarding cooperation between the Bank and Côte d’Ivoire, and a number of strategic and operational recommendations were formulated with a view to improving future projects.
“Côte d’Ivoire is a strategic partner of the Bank and this dialogue with government and other stakeholders has enabled a complete diagnosis of our actions in Côte d’Ivoire and identification of strategic directions for the future Country Strategy Paper, which will cover the period 2023-2027 and will be linked to priorities of the government’s National Development Plan for 2021-2025,” Ribeiro said.
“The Bank has successfully adjusted its interventions through the use of more appropriate tools and mechanisms, as shown by the Covid-19 Rapid Response Facility, which provided a cycle of general and sectoral support for the national budget, and the Emergency Food Production Programme, which provides FCFA 96 billion ($159.33 million) of budget support to deal with consequences of the crisis in Ukraine,” said the head of the office of the Minister of Planning and Development, Yéo Nahoua, who led the Ivorian delegation.
From right to left, Joseph Ribeiro, Deputy Managing Director of the Bank for West Africa, Yéo Nahoua, Chief of Staff to the Ivorian Minister of Planning and Development, Siélé Silué, Special Advisor to the Prime Minister with responsibility for projects co-financed by technical and financial partners
The Bank is ready to support Côte d’Ivoire in implementation of its National Development Plan and provide necessary resources in the priority sectors identified by the government
“I take this opportunity to thank the Bank authorities, on behalf of the Minister of Planning and Development, which acts as the Bank’s governor for Côte d’Ivoire, for their contribution to the resilience of our economy and for further improvement in the quality of our cooperation,” he added.
The Bank’s current Country Strategy Paper (CSP) for Côte d’Ivoire, which runs to the end of 2022, supports implementation of the Ivorian government’s National Development Plan for 2016-2020. The two pillars of the plan are: strengthening key infrastructure and governance for greater competitiveness and investment efficiency; and the development of agro-industrial value chains to promote inclusive and sustainable growth.
Achievements to date regarding the first pillar include progress in the transport and energy sectors. The Bank’s interventions have been instrumental in achieving a 3.4% increase in the extent of paved intercity roads and an 83% increase for urban highways, helping to lower domestic and international transport costs and to improve trade with neighbouring countries. In the energy sector, the Bank’s interventions helped to raise access to electricity by 8.6%, although failure to achieve the target of 20% shows that further efforts are required.
Participants of the Bank-government discussions noted that challenges remain for strengthening governance in sectors concerned with the first pillar, and that interventions are to be stepped up for improvement of the business climate and support to small and medium-sized enterprises.
Regarding the second pillar, the Bank’s operations have strengthened research management structures in the agricultural sector and improved productivity in several agricultural sectors (maize, rice, cassava and market gardening). But more work needs to be done to support the infrastructure of agricultural value chains, particularly agro-industrial processing of local products, which is a key element of the second pillar.
The Bank had a portfolio of 44 projects in progress at the end of June 2022 in Côte d’Ivoire, representing commitments of approximately FCFA 1,528 billion or $2.41 billion. The commitments are dominated by transport infrastructure (43.5%), followed by energy (23.6%), agriculture (19.4%), social (4.9%), governance (4.3%), finance (2.2%) and water and sanitation (2.1%). Total portfolio volume has quadrupled over five years, the disbursement level is 44% and the portfolio has an average age of 3.9 years. Portfolio performance is deemed satisfactory overall, with a rating of 3 on a scale of 1 to 4, but implementation challenges have included long execution times, partly related to the quality of project feasibility studies and extended response time. The discussions also focused on the share of non-performing projects, which now stands at 41% after falling below 30% at the end of 2021. The reasons for non-performing projects were noted. They include launch difficulties for new projects, implementation of timeframes beyond five years and low disbursement rates.
“The Bank is ready to support Côte d’Ivoire in implementation of its National Development Plan and to provide necessary resources in the priority sectors identified by the government. The discussions also focused on support for human capital and capacity building. We are ready to examine all this in discussions specifically focused on the Country Strategy Document for the period 2023-2027,” Ribeiro concluded.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
The Petroleum Directorate of Sierra Leone will lead a targeted roundtable at Invest in African Energy 2026, spotlighting upstream potential and cross-regional partnerships
PARIS, France, March 24, 2026/APO Group/ –The Petroleum Directorate of Sierra Leone (PDSL) is set to convene an investor roundtable at Invest in African Energy (IAE) Forum 2026 in Paris, underscoring growing interest in West and North African energy markets and the need for deeper capital engagement across exploration, renewable and offshore services. The session reflects a strategic effort by Sierra Leone to connect its emerging upstream prospects with established operators and project developers as the country moves to unlock the full potential of its emerging oil and gas industry.
Sierra Leone is increasingly positioning itself as a frontier oil and gas market with significant offshore potential, and part of the PDSL’s mandate is to catalyze investment interest in its offshore acreage through direct engagement with global capital. Recent data suggest the country holds estimated recoverable resources in the tens of billions of barrels, backed by discoveries and extensive multi‑client seismic datasets that prospective investors are evaluating. The PDSL is actively promoting licensing opportunities and drilling plans, emphasizing fiscal terms and exploration readiness to attract strategic partners.
A cornerstone of this strategy is the anticipated launch of the country’s sixth licensing round. Offering a rare early-entry opportunity into a largely untapped deepwater terrain with considerable upside, the upcoming bid round is backed by fresh 3D datasets which de-risk exploration and support new drilling campaigns. Just this month, GeoPartners announced that the final Pre-Stack Time Migration data for its recently acquired 3D multi-client seismic survey in the country was complete and is now available for licensing. The dataset provides a 3D window into the hydrocarbon potential of the underexplored northern Sierra Leone region.
Sierra Leone’s licensing drive comes as major operators advance exploration activities. In 2025, Eni signed a Reconnaissance Permit Agreement with the PDSL, securing rights to conduct reconnaissance and technical evaluation activities across offshore blocks G113, G129, G130, G131 and G132. The acreage covers 6,790 square kilometers within Sierra Leone’s territorial waters. Nigeria’s F.A. Oil Limited is pursuing drilling following its award of six offshore blocks through the country’s fifth licensing round in 2023. The company is currently seeking a farm-in partner to advance the project from exploration to production, offering a 40% stake in each of the G Blocks 53, 54, 55, 71, 72 and 73.
As these development unfold, the upcoming roundtable at IAE 2026 offers a unique opportunity for operators and policymakers to engage potential investors. The IAE 2026 Forum has become a strategic bridge between African upstream opportunities and global investors, with sessions like the PDSL roundtable designed to foster deeper dialogue and provide clarity on project pipelines and investment prerequisites. Discussions are expected to cover mechanisms for de‑risking exploration activity, optimizing fiscal and contractual frameworks and identifying synergies between hydrocarbon investment and renewable energy commitments.
For investors seeking differentiated exposure to African energy markets, the Sierra Leone roundtable represents both a focused exploration of frontier oil potential and a broader conversation about regional infrastructure, partnerships and the evolving demands of energy capital in the years ahead.
IAE 2026 (www.Invest-Africa-Energy.com) is an exclusive forum designed to connect African energy markets with global investors, serving as a key platform for deal-making in the lead-up to African Energy Week. Scheduled for April 22–23, 2026, in Paris, the event will provide delegates with two days of in-depth engagement with industry experts, project developers, investors and policymakers. For more information, visit www.Invest-Africa-Energy.com. To sponsor or register as a delegate, please contact sales@energycapitalpower.com
Distributed by APO Group on behalf of Energy Capital & Power.
African Mining Week returns for its 2026 edition with an expanded three-day program, bringing together African mining leaders and global partners to shape the future of the continent’s mining sector
CAPE TOWN, South Africa, March 24, 2026/APO Group/ –Global economic trends – from record-breaking commodity prices to intensifying geopolitical competition for resources – are reshaping the strategic importance of Africa’s mineral wealth. As global countries race to secure supply chains for energy transition metals – which are expected to triple by 2030 – Africa is positioning its 30% share of the world’s critical minerals as a key pillar of economic growth. African governments are modernizing mining codes, developing industrial corridors and investing in mineral processing facilities to support local beneficiation, job creation, workforce development and regional mineral markets.
Against this backdrop, the upcoming African Mining Week (AMW) Conference & Exhibition – Africa’s premier gathering for mining stakeholders – has launched the draft program for its 2026 edition {https://apo-opa.co/3NneKLj}. Scheduled to take place October 14–16 in Cape Town, the event provides a platform where policymakers, global investors, project operators, technology providers, academia and mining service companies examine Africa’s mining opportunities, challenges and long-term strategic direction.
Under the theme ‘Mining the Future: Unearthing Africa’s Full Mineral Value’, the three-day, multi-track agenda reflects the growing urgency among African markets to strengthen value addition across the mining value chain.
Regional Cooperation and Policy Alignment in Focus
A key feature of the agenda is the Ministerial Forum, where African mining ministers will provide updates on regulatory reforms and policy alignment initiatives aimed at unlocking greater value from the continent’s mineral resources. Discussions will examine how harmonized regulatory frameworks and regional cooperation can accelerate investment flows and strengthen Africa’s position in global mineral supply chains.
The inclusion of regional policy integration reflects a growing continental push to leverage frameworks such as the African Continental Free Trade Area (AfCFTA) to enhance cross-border mineral cooperation and trade.
We are acting to enhance regional integration through frameworks such as the African Mining Vision and the Africa Mineral Strategy Group
“Africa’s integration is not only a political objective but a strategic economic vision,” stated Emmanuel Armah-Kofi Buah, Ghana’s Minister of Lands and Natural Resources, in remarks reported by Energy Capital & Power – organizers of AMW – in February 2026. “Our natural resources require coordinated policies. Isolated legal frameworks cannot fully unlock their value. Through integration and initiatives such as the ECOWAS [Economic Community of West African States] Mining Code and the African Mining Vision, we can build a stronger and more competitive mineral economy.”
Nigeria’s Minister of Solid Minerals Development, Henry Alake, echoed this emphasis on regional cooperation and beneficiation.
“We are acting to enhance regional integration through frameworks such as the African Mining Vision and the Africa Mineral Strategy Group,” he stated. “We must develop mineral corridors that connect resources, infrastructure and markets across the continent. Our goal is not to simply export raw materials, but to develop industrial hubs that create jobs and value across borders.”
Connecting Global Investors with African Opportunities
Strategic roundtables and Country Focus sessions form a key part of the AMW 2026 program, connecting African mining jurisdictions with international partners from the U.S, Europe, the Middle East and China. These sessions will provide African stakeholders with a platform to showcase exploration opportunities and project pipelines across the mining value chain.
Meanwhile, technical workshops and the exhibition floor at AMW 2026 will provide a platform for equipment manufacturers, technology providers and engineering firms to showcase innovations designed to enhance operational performance across mining operations.
By combining high-level policy dialogue with technical expertise and investment matchmaking, AMW 2026 positions itself as a critical marketplace where Africa’s mineral potential converges with global capital, technology and strategic partnerships – helping shape the next phase of growth for the continent’s mining sector.
AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2026 conference from October 12-16 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.
Distributed by APO Group on behalf of Energy Capital & Power.
Seven North African entrepreneurs in technology, education, professional services and agriculture selected from 265,000 applications at historic Abuja ceremony
Hope is not just a feeling — it is a system we can build
ABUJA, Nigeria, March 24, 2026/APO Group/ —
7 North African entrepreneurs selected from Morocco, Tunisia and Egypt
51% of the 2026 cohort are women, all selected purely on merit, without any quota in place
3,200 total entrepreneurs selected from 265,000+ applications across 54 African countries
USD 5,000 in non-refundable seed capital for each selected entrepreneur
Selection conducted independently by Ernst & Young
The Tony Elumelu Foundation (TEF) (www.TonyElumeluFoundation.org), the leading philanthropy empowering young African entrepreneurs, announced on Sunday, 22 March 2026 the 12th cohort of the TEF Entrepreneurship Programme at a ceremony held at the Transcorp Hilton, Abuja. The announcement was made by Founder Tony O. Elumelu, C.F.R.
Among the 3,200 entrepreneurs selected from 265,000 applications received from all 54 African countries: seven from North Africa. Three from Tunisia, two from Morocco, two from Egypt. Spanning technology, education, professional services and agribusiness, they represent a generation of North African founders building businesses that address the urgent needs of their communities. Their selection, which was conducted independently by Ernst & Young, places them among the most rigorously assessed young entrepreneurs on the continent.
This year’s cohort carries a historic signal: 51 percent of the 2026 entrepreneurs are women. They were selected purely on merit, without quota. Across hundreds of thousands of applications, women distinguished themselves through the strength of their ideas, the clarity of their business models and the ambition of their vision.
In 2026, the Foundation is empowering a total of 3,200 entrepreneurs across all its entrepreneurship programmes:
1,751 entrepreneurs through Heirs Holdings Group: Heirs Energies, Transcorp Power, Transcorp Hotels, and United Capital;
1,049 entrepreneurs in partnership with the European Commission, OACPS, BMZ and GIZ;
100 entrepreneurs in partnership with Sèmè City Development Agency;
100 entrepreneurs in partnership with DEG, the German Development Agency;
100 entrepreneurs in partnership with the IKEA Foundation, UNICEF’s Generation Unlimited and the Dutch Government; and
100 entrepreneurs in partnership with UNDP and the Rwandan Ministry of Youth and Arts.
Each selected Tony Elumelu Entrepreneur will receive USD 5,000 in non-refundable seed capital, access to world-class business management training on TEFConnect, one-on-one mentorship, and entry into a powerful network of investors, partners and fellow entrepreneurs.
In his annual letter (https://apo-opa.co/4uOFepM), “A Story of Hope,” Tony O. Elumelu, C.F.R., Founder of the Tony Elumelu Foundation, shared a powerful message to the new cohort:
“For a long time, I believed luck was something that simply happened to you. Then I came to understand: luck can be engineered. Opportunity can be democratised. Hope is not just a feeling — it is a system we can build.” — Tony O. Elumelu, C.F.R., Founder, Tony Elumelu Foundation — 2026 Annual Letter
The Tony Elumelu Foundation has empowered over 2.5 million young Africans with access to business management training on TEFConnect (https://TEFConnect.com), and disbursed over USD 100 million in seed capital to more than 24,000 selected entrepreneurs.
Collectively, these entrepreneurs have generated USD 4.2 billion in revenue and created more than 1.5 million direct and indirect jobs. Through its support for African entrepreneurs, TEF has lifted 2.1 million Africans above the poverty line and positively impacted more than 4 million African households, with 46% of supported entrepreneurs being African women. Eighty percent of TEF-supported businesses survive and scale, against a global average of ten to twenty percent.
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