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African Development Bank Group President, Akinwumi Adesina, calls on Oxford MBA graduating class to be change-makers

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Adesina

Adesina called on the graduates to use the skills and knowledge they had acquired to address some of today’s most pressing global challenges

OXFORD, United Kingdom, September 12, 2023/APO Group/ — 

Graduating executive MBA students of Oxford University’s Saïd Business School received wise counsel from African Development Bank (www.AfDB.org) President Dr Akinwumi Adesina on Friday.

Delivering the business school’s 2023 commencement address, Adesina called on the graduates to use the skills and knowledge they had acquired to address some of today’s most pressing global challenges, including climate change and the quest for a hunger-free world. “It is unacceptable for more than 2.3 billion people in the world to go hungry each day,” he said.

The bank president said: “Class of 2023, I see in you, builders, and shapers of hope. You have been well prepared to go into this world to be change-makers. You have received a world-class education. You are ready, and the world awaits you.”

Adesina urged to draw lessons from the Covid-19 pandemic to ensure future global pandemic preparedness and that no one is left behind in terms of access to affordable healthcare.

Commending the graduates to use innovative ideas and solutions, he highlighted the need to help meet the needs of the 940 million people worldwide living without electricity, three billion people without clean cooking energy, two billion living without access to clean water, and 4.5 billion without sanitation.

He also emphasised the 1.7 billion people that lacked access to basic finance, credit, savings, payments, or insurance, while also stressing the need to build a better world for the 244 million children who are out of school, including 129 million girls.

“Their dream,” the African Development Bank president said, “is to be like all of you today as you graduate with a world class education. But they cannot achieve their dreams, and neither can our world achieve our collective dream of a more just and equitable world unless we prioritise financing for developing countries to accelerate development.”

We want you to become great leaders who will shape tomorrow and have a positive impact on our world

Soumitra Dutta, Peter Moores Dean and Professor of Management at Saïd Business School, encouraged the Class of 2023 to dream big and assume the mantles of leadership waiting for them. He said: “We want you to become great leaders who will shape tomorrow and have a positive impact on our world. To become a great leader, it is very important that you are inspired and that you dream big. With your dreams, you will raise the aspiration levels of others around you.”

Professor Alex Connock, specialist in Media Business and Artificial Intelligence (AI), called on the Class of 2023 to set the terms and conditions of what they do in life, and devise the strategy. He said: “You must be confident about making choices that work to your vision of your own future.” He added: “So please—throw your own javelin confidently into the infinite space of the future, starting from today. Go out there, make a difference. Bring this splintering world back together. Don’t settle for a new Cold War. Don’t settle for global warming. Make good things happen.”

Adesina told the new MBA graduates to be selfless and dedicated to justice, equity, and fairness. While encouraging them to promote transparency, inclusion, honesty, and integrity, he emphasised the determination they would need not to be sucked into what he called the “slimy allure of insatiable corporate greed that has wreaked havoc on the lives of millions through creative accounting, misrepresentation of the valuation of companies,” and other unethical behaviour.

“As you go out into the business world, stay within the rules and regulations,” Adesina said. “You all look great in your suits today. Keep it that way. Do not trade your striped business suits for orange jump suits. Do honest business. Stay out of trouble. Set your goals and stick to them.”

The African Development Bank president encouraged the graduates to build alliances and collective partnerships rather than individual success. He evoked the image of the African Baobab tree with its massive girth. He said the only way individuals could encircle it was by linking arms together around its enormous circumference. He encouraged them to employ the Baobab approach and work together.

“Nothing works better than collective success,” Adesina said. “Never work alone… Ahead of you is a stretch of life. Live it fully. Live it supporting others. Live it doing the best you can to improve the lives and livelihoods of people around the world. Use the Baobab approach.”

Amy Major, Associate Director of the Saïd Businees School’s MBA programme, told the new MBA holders: “Display kindness to yourself and others. You all hold yourselves to high standards, but as you move out into the real world, whether you are now gainfully employed or searching, facing financial pressure or not, moving back to your family or away, you will all experience a different set of challenges and opportunities. No matter where life takes you, you possess something that can never be taken away: your Oxford MBA and your rightful place as Oxonians.”

Adesina spoke about the need for a reformed global financial architecture. “The global financial architecture is failing development in the world as it faces multiple global challenges,” he explained, adding: “The global financial architecture must be modified to tackle global challenges more effectively and to accelerate the achievement of the UN Sustainable Development Goals.” He told the graduates: “The global pension funds and institutional investors, which many of you will go on to work for, have over $145 trillion of assets under management. As you do, take leadership in ensuing that these vast resources are directed towards the collective good. Use the skills and tools you have acquired at Oxford, to help make our world a better place for all.”

The African Development Bank president concluded his visit with a group and one-on-one chat with some of the new graduates from Africa to talk about leadership, and Africa’s future and development, and the role of the youth.

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

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

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This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

Distributed by APO Group on behalf of Energy Capital & Power.

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Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

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The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

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Events

Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

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Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

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