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African Development Bank Group rallies Stock Exchanges to reinvent Africa’s financial future

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3 months ago

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African Development Bank

The African Development Bank Group (www.AfDB.org) on Tuesday commenced a round of high-level meetings with African development finance institutions and private sector financial partners to forge a bold, historic blueprint for a New African Financial Architecture, designed to bridge the financing gap for the continent’s development needs.

Download Document: https://apo-opa.co/4r8E8Do

At the invitation of Bank Group president Dr Sidi Ould Tah, more than 50 representatives of regional and continental banks and development finance institutions are convening at African Development Bank Group headquarters in Abidjan over the next two days for talks Dr Ould Tah described as vital to the continent’s destiny.

“As the architects of Africa’s capital markets, you are custodians of financial institutions and catalysts of our continent’s future,” Dr Ould Tah said at the start of the first session with heads of African securities exchanges, private equity funds and venture capital funds.

The meeting, a first of its kind between the Bank and African stock exchanges, aims to explore their role in long-term financing, with a focus on reforming how Africa’s capital is mobilized. Dr Felix Edoh Kossi Amenounve, CEO of the West African Regional Stock Exchange (BRVM), welcomed the meeting, highlighting the need for fundamental change.

“There are gaps between financing needs and available resources, but we need to think about the reforms needed to achieve the capitalisation of African pension funds. Because these funds were originally created to finance governments,” Amenounve said.

The continent’s leading financial institutions represented at today’s meetings include the African Exchange Linkage Project (AELP), Rwanda Stock Exchange, Mozambique Stock exchange, Cabo Verde Stock Exchange, Nairobi Stock Exchange, Tunis Stock Exchange, West African Regional Stock Exchange (BRVM), the Central African Stock Exchange, Casablanca Stock Exchange and the Ghana Stock Exchange.

“The capital markets are the bedrock upon which long-term, sustainable economic growth is built,” Dr Ould Tah said, adding “by mobilizing patient capital, you provide our sovereigns and businesses with diversified funding sources, while offering investors, particularly institutional investors, a broader array of opportunities.”

Underpinning Dr Ould Tah’s Four Cardinal Points (https://apo-opa.co/43FpwRX) since taking over the helm of the institution in September is increasing access to predictable and affordable long-term financing.

A key objective of the consultations is to enable financial flows for private equity and venture capital by reinforcing existing African investment funds and expanding their capacity to finance small and medium-sized enterprises (SMEs), mid-market companies, and emerging industrial champions.

The capital markets are the bedrock upon which long-term, sustainable economic growth is built

SMEs which represent nearly 90% of businesses and over 60% of jobs on the continent continue to face limited access to risk capital.

The promotion of sustainable finance, the digitalisation of markets, attracting investment capital to Africa’s markets, and programmes tailored to SMEs were among the issues discussed during the meeting.

The development of financial education among young people was also highlighted as a key focus for the approach to be developed by the continent’s stock exchanges, as well as increasing the use of digitalisation tools and fintech to boost opportunities.

Donald Waweru Wangunyu, Non-Executive Director, Nairobi Stock Exchange, stressed the need for regional coordination in order to achieve “scaling up, policy coordination and implementation of reforms; we have good projects, but the obstacles are still there, ” he said.

Ms Sonia Ben Frej, Chairwoman of the Board, Tunis Stock Exchange, emphasised the problems of regulatory convergence and the need to update obsolete regulations.

Through engagement with fund managers, institutional investors, DFIs, and regulators, the goal of the two-day meetings will be to forge a path for financial institutions to mobilise additional financing for Africa, to enable countries to avoid the existing dependance on overseas development assistance.

Dr Ould Tah said the Bank Group would take a comprehensive approach to capital market development, focusing on three key pillars:

– Supporting capital market regulatory authorities, stock exchanges, and other intermediaries through technical assistance, institutional support projects, and policy-based operations.

– Diversifying savings mobilization and market participants to promote product liquidity and deeper markets for credit enhancement companies, institutional investors, and other financial institutions.

– Research, training, and policy dialogue to enhance the capacity of Africa’s capital market stakeholders.

Capital markets development across Africa is a key priority and woven into the fabric of the strategic priorities of the Four Cardinal Points. Development finance institutions especially have a catalytic role to play.

‘We will build it together, it requires a collective effort from each of us,” Dr Ould Tah explained.

The consultations will continue on Wednesday for a second day, with heads of African Development Financial Institutions.

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

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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2 days ago

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February 6, 2026

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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2 days ago

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February 6, 2026

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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2 days ago

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February 6, 2026

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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