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African Development Bank and InterAmerican Development Bank Welcome International Monetary Fund’s (IMF) Executive Board’s Decision

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IMF

The SDR-hybrid-capital based solution proposed by the African Development Bank and the Inter-American Development Bank meets the IMF’s statistical criteria for international reserve-asset status

ABIDJAN, Ivory Coast, May 21, 2024/APO Group/ — 

IMF approval allows countries to channel Special Drawing Rights (SDRs) through multilateral development banks; AfDB-IDB (www.AfDB.org) financial instruments could leverage SDRs by up to four times their value in the form of loans to finance social and climate projects.

The African Development Bank Group (AfDB) and the Inter-American Development Bank (IDB) today welcomed the announcement by the International Monetary Fund’s Executive Board approving hybrid capital as an eligible instrument for channeling of Special Drawing Rights (SDRs). 

The SDR-hybrid-capital based solution proposed by the African Development Bank and the Inter-American Development Bank meets the IMF’s statistical criteria for international reserve-asset status. As such, according to IMF rules, countries that lend their SDRs through this pioneering approach can continue to account for them as reserves.  

This innovative SDR-based hybrid capital channeling solution will help unlock new lending by Multilateral Development Banks to address rising global challenges, including climate and food security. The new instrument offers the opportunity to lend at least US$4 for every US$1 equivalent of SDRs, through the African Development Bank and, the Inter-American Development Bank, and other Multilateral Development Banks, to finance development projects.

With the new SDR-based hybrid-capital instrument, we have a cost-efficient way to finance much-needed sustainable development projects to boost climate resilience

At a time of multiple crises and scarce resources for development, this is a unique value proposition for governments everywhere. The next step is to secure at least five investors to channel their SDRs through Multilateral Development Banks. The African Development Bank and Inter-American Development Bank will continue their dialogue with SDR holders to drive forward this innovative financial solution.

“The International community now has at its disposal an innovative approach through which development financing can be mobilized with a multiplier effect and at no cost to taxpayers. These are the types of solutions we need to help us tackle Africa’s growing development challenges,” said African Development Bank President Dr Akinwumi Adesina.

“We very much welcome the IMF Executive Board’s decision,” said InterAmerican Development Bank President Dr Ilan Goldfajn. “With the new SDR-based hybrid-capital instrument, we have a cost-efficient way to finance much-needed sustainable development projects to boost climate resilience, reduce poverty and inequality, and lay the foundation for more inclusive growth in many of our countries.”

The G20 has recommended that Multilateral Development Banks optimize the use of their balance sheets through financial innovation to create additional lending capacity to help countries tackle urgent development challenges.

In April, the leaders of 10 Multilateral Development Banks published a Viewpoint Note (https://apo-opa.co/4bIuUW1) and announced joint steps to work more effectively as a system and increase the impact and scale of their work.

The SDR (https://apo-opa.co/4dKak9i) is an international reserve asset created by the IMF to supplement the official reserves of its member countries. Its value is based on a basket of world currencies (US dollar, Euro, Chinese Yuan, Japanese Yen and British Pound).

The IMF’s most recent general allocation of SDRs to its members was in 2021, when the equivalent of $650 billion was issued to help countries respond to the COVID-19 pandemic.

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

Business

DHL Invests in Greater Middle East-Africa Connectivity with New Aviation Lane

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DHL Express

The investment also reflects shifting global supply chains, as companies diversify sourcing, manufacturing and customer markets beyond traditional corridors

JOHANNESBURG, South Africa, September 21, 2026/APO Group/ —

  • New weekly B767/F Bahrain-Johannesburg service strengthens Sub-Saharan Africa connectivity and supports growing trade flows between Africa, the Gulf and global markets

DHL Express (www.DHL.com) has marked an important milestone in its regional aviation network with the successful operation of the first direct DHL flight between Bahrain and South Africa.

The inaugural flight arrived at OR Tambo International Airport in Johannesburg, opening a new weekly aviation lane operated by a DHL Express B767/F freighter. The route reinforces DHL’s continued investment in strengthening Sub-Saharan Africa network connectivity, expanding heavier-weight capability, improving flexibility and supporting growing trade flows between the Middle East and Africa.

 




  

As trade between Africa and the Middle East develops, businesses need resilient, well-connected logistics networks. The new service provides greater inbound and outbound capacity for South Africa and neighbouring countries through the DHL Johannesburg Hub, one of the company’s key gateways on the continent.

 

The investment also reflects shifting global supply chains, as companies diversify sourcing, manufacturing and customer markets beyond traditional corridors. Bahrain’s position as a gateway between Africa, the Gulf and Asia make it an important link for businesses seeking faster access to international markets.

 

Every new connection we introduce is designed with our customers in mind

“Every new connection we introduce is designed with our customers in mind. As global trade routes diversify and economic ties between Africa and the Middle East continue to strengthen, we are seeing powerful geographical tailwinds creating new opportunities for businesses. Demand is growing across sectors such as healthcare, technology, manufacturing and cross-border e-commerce, all of which rely on fast, reliable international logistics,” said Anthony Beckley, Vice President of Operations and Aviation for DHL Express Sub-Saharan Africa.

 

“While this first direct DHL flight between Bahrain and South Africa is a significant network milestone, its real value lies in the opportunities it creates for customers.”

 

 

South Africa is one of DHL’s Geographic Tailwinds markets, reflecting its growing role in global trade flows and its potential to drive future trade growth. And Johannesburg remains a critical gateway in DHL’s SSA network, linking South Africa and neighbouring markets to global opportunities through Bahrain and the wider DHL aviation network. Through continued investment in routes, aircraft capacity and hub connectivity, DHL is supporting customers across this dynamic lane.

 

“DHL Express is the only logistics provider operating a dedicated intra-regional air fleet across the Middle East, connecting customers through Bahrain with major global gateways including Hong Kong, Leipzig and Cincinnati,” said Richard Gale, Vice President of Aviation, DHL Express MENA.

 

“Bahrain’s position at the crossroads of Africa and the Middle East makes it an ideal hub for customers seeking faster, more reliable access across these growing trade corridors. We are pleased to add this direct Johannesburg connection as economic ties between Africa and the Gulf deepen.”

 

DHL remains committed to helping customers seize opportunities created by changing trade patterns and expanding economic relationships.

Distributed by APO Group on behalf of DHL Express.

 

 




 

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Afreximbank and Africa Trading and Distribution Company (ATDC) sign US$500 million facility to expand African trade and distribution

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Afreximbank

Under the Facility, Afreximbank will provide ATDC with trade-finance capacity to undertake and scale eligible trading and distribution transactions across the continent

CAIRO, Egypt, September 21, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the Africa Trading and Distribution Company (ATDC) have signed a US$500 million Global Credit facility agreement to support trade, movement and distribution of commodities and products across African and global markets.

 




  

ATDC is a pan-African platform established to support the expansion of Africa’s trade, accelerate industrialisation through increased local value addition, and strengthen economic integration across the continent. With initial local operations in Egypt, Nigeria, Malawi and Zimbabwe, the platform is closing gaps in trade and market intelligence, improving market access, and supporting implementation of the African Continental Free Trade Area (AfCFTA).

This facility strengthens ATDC’s ability to aggregate supply, mobilise working capital and move goods efficiently across value chains

Under the Facility, Afreximbank will provide ATDC with trade-finance capacity to undertake and scale eligible trading and distribution transactions across the continent. The financing will support purchasing and aggregation of African goods, associated logistics, transportation, warehousing and distribution costs, providing ATDC with the financing required across different stages of the trade and distribution cycle.

ATDC will deploy financing available under the facility towards eligible trade, logistics and distribution transactions with repayments anchored on proceeds generated from the sale of goods financed through the facility.

Commenting on the signing, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, Afreximbank commented: “The US$500 million Global Credit Facility extended to ATDC underscores Afreximbank’s commitment to strengthening the trade, logistics and distribution architecture required to realise the full potential of the African Continental Free Trade Area (AfCFTA). By facilitating the efficient distribution of ‘Made-in-Africa’ goods across the continent, the facility will deepen regional value chains, expand market access for African producers, and boost manufactured exports, advancing the AfCFTA’s vision of a more integrated and industrialised African economy. It will also enhance the global competitiveness of African products, positioning the continent as a significant exporter of value-added and manufactured goods. These are critical building blocks for expanding Africa’s export footprint and driving the continent’s economic transformation”.

Mr. Stewart Makura, Chief Executive Officer of ATDC, said: “Realising Africa’s full trade potential requires reliable systems that connect producers, processors, manufacturers and markets. This facility strengthens ATDC’s ability to aggregate supply, mobilise working capital and move goods efficiently across value chains. Together with Afreximbank, we will support stronger supply chains, value addition, import substitution and intra-African trade.”

Beyond financing individual transactions, the facility will help ATDC develop repeatable trade corridors and expand access to dependable sourcing and distribution networks across African markets. It will support commercially sustainable trade flows, greater processing of African commodities and increased regional availability of raw materials, inputs and value-added products.

Distributed by APO Group on behalf of Afreximbank.

 




 

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Plast Eurasia invites Middle East buyers for its 35th edition

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Plast Eurasia

Tüyap will stage the 35th edition of Plast Eurasia in Istanbul on December 2–5, bringing plastics machinery, raw materials and chemicals together as organisers target 80,000 visitors, including business audiences from the Middle East and North Africa

ISTANBUL, Türkiye, September 21, 2026/APO Group/ –Plast Eurasia (www.PlastEurasia.com), the 35th International Istanbul Plastics Industry Fair, will take place at Tüyap Fair and Congress Center in Istanbul from December 2–5, 2026, bringing manufacturers, technology providers, raw material suppliers, distributors, buyers and other industry professionals together around cross-border trade and new production technologies.

“Plast Eurasia is designated among the prestigious trade fairs by the Ministry of Trade. For 35 years, it has supported the sector’s development and growth by helping companies build commercial connections,” said İlhan Ersözlü, General Manager at Tüyap Fairs Production Inc. “We are carrying that experience into this edition with a focus on trade, technology and the continued development of the industry.”

 




  

MENA buyers among international visitor targets

 

Interest in the 2026 fair is already reflected in stand sales. Around 3 months before the opening, 90% of exhibition space had been sold, while organizers expect 80,000 domestic and international visitors.

 

Visitor outreach is focused on Germany, Belgium, Greece, Romania, France, Italy and Poland, alongside the United Arab Emirates, Morocco, Qatar and Saudi Arabia. The four MENA markets are part of the fair’s wider effort to attract professional buyers from different regions to Istanbul. The country mix gives the event a regional dimension spanning Europe and MENA.

 

For exhibitors, the international visitor mix is intended to support new commercial contacts and the development of existing trading relationships. For buyers, the fair brings machinery suppliers, materials companies and other plastics industry participants together in one location.

 

Machinery and materials share the trade agenda

 

Plast Eurasia will bring together two core parts of the plastics industry, plastic production machinery and raw materials and chemicals. The exhibition will also cover next-generation production technologies, machinery solutions and developments around efficiency, innovation and value-added production.

 

We are carrying that experience into this edition with a focus on trade, technology and the continued development of the industry

This structure allows industry professionals to review equipment, materials and production approaches during the same visit. New products and technologies will sit alongside meetings aimed at helping companies assess business opportunities across international markets.

 

35th-year program looks back and ahead

 

The anniversary program will include a Milestones Map tracing key stages in the fair’s 35-year history and changes in the plastics industry. A chronological presentation will show how the fair and the sector have developed over that period.

 

An exhibition of historic plastics production machinery will show how production technologies have changed over time. Companies that have contributed to Plast Eurasia’s development during its 35-year history will also be recognized with plaques at the opening ceremony.

 

The Stage is Yours! program will give exhibitors 30-minute presentation slots in the foyer to share value-added products, technologies, success stories and industry solutions with visitors.

 

“Hosted Buyer Guided Tour” focuses on relevant meetings

 

Guided tours will be organized for international purchasing delegations. The program will include guided routes, visits to demo and event areas, access to the Hosted Buyer Lounge and dedicated support services.

 

It is designed to help buyers reach relevant product groups and exhibitors more efficiently, while giving participating companies more focused contact with international purchasing teams.

 

Plast Eurasia is organized by Tüyap Fairs and Exhibitions Organization Inc. in cooperation with PAGEV (Turkish Plastics Industry Research, Development and Education Foundation) and with the support of the Republic of Türkiye Ministry of Trade. Visitor hours are 10.00–18.00 on December 2–4 and 10.00–17.00 on December 5.

Distributed by APO Group on behalf of TÜYAP.

 

 




 

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