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African Development Bank Group’s (AfDB) New African Financial Architecture for Development gets off to a bold start at Abidjan meeting

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African Development Bank

This is a historic moment: the Abidjan Consensus redefines the future of financing on our continent – Dr Sidi Ould Tah

ABIDJAN, Ivory Coast, April 20, 2026/APO Group/ –The African Development Bank Group (www.AfDB.org) on Thursday concluded a landmark Consultative Dialogue on a New African Financial Architecture for Development (NAFAD, formerly NAFA), with a bold roadmap to address Africa’s development financing gap.

 

The day-long dialogue held 9th April, resulted in the adoption of an 11-point “Abidjan Consensus” on NAFAD. NAFAD is designed to overcome the structural obstacles to mobilising resources on a large-scale, to plug Africa’s $400 billion annual development finance gap.

Among the commitments made by participants was a resolution to unlock Africa’s vast domestic savings, and channel them into productive investment on the continent. They also pledged continuous coordination and annual reviews to ensure sustained momentum and track progress.

The New African Financial Architecture for Development is a core part of Bank Group President Dr Sidi Ould Tah’s Four Cardinal Points strategic vision.

Thursday’s Consultative Dialogue, which took place in the Ivorian commercial capital, Abidjan, involved nine “Labs,” in which a broad spectrum of Africa’s top financial sector stakeholders brainstormed to produce concrete instruments, platforms and frameworks towards building a new financial architecture for the continent.

The Dialogue was held under the patronage of the President of Cote d’Ivoire, Alassane Ouattara who was represented at the opening ceremony by nation’s Prime Minister Mr Robert Beugré Mambé. The event was also attended by other government officials, members of the diplomatic corps, representatives of international organizations and agencies, among others.

“The conference bringing us together today presents a real opportunity to deepen our collective reflection on the reforms needed to build an international financial system that is fairer and better suited to the realities of the contemporary world,” Prime Minister Mambé said on behalf of President Ouattara.

As Dr Ould Tah put it during the opening ceremony, “The current architecture of financing Africa’s development is inadequate and not fit for purpose,” he said. “The truth is that we do not suffer from a lack of capital: Africa has approximately $4 trillion in medium- and long-term savings.”

 

 

The truth is that we do not suffer from a lack of capital: Africa has approximately $4 trillion in medium- and long-term savings

NAFAD proposes a systemic framework aimed at reorganising how capital and risk are deployed across the African financial ecosystem. It will focus on building a permanent implementation architecture, capital mobilisation and deployment.

 

“The transition from NAFA to NAFAD is not merely a semantic shift; above all, it expresses your genuine determination to overcome the structural obstacles to the large-scale mobilisation of resources to finance Africa’s development,” Dr Ould Tah said in closing remarks.

In remarks during the opening plenary, Guinea Bissau economist Professor Carlos Lopes noted that the real constraint to executing the African Union’s Agenda 2063 is finance.

“For decades, Africa has worked with its development partners, and concessional finance has played a role—particularly for the most vulnerable countries. But we have also learned its limits. It was never designed to finance transformation at scale.”

 

The Dialogue drew participants from a cross-section of financial sectors. They included African central bank governors, senior executives from sovereign wealth funds, regional commercial banks, regional and national development banks, securities exchanges, private equity, consignment funds, guarantee funds, and development finance institutions.

The broad and representative participation reflected the systemic nature of the financing challenge the Dialogue seeks to address.

Dr Ould Tah congratulated participants for their full engagement in the discussions and mastery of the topics addressed.

“You have enabled us to achieve results far exceeding initial expectations. This is an historic moment: the Abidjan Consensus, welcomed with immense enthusiasm, redefines the future of financing on our continent,” he said.

“By cementing the unity of the African financial ecosystem on the shores of the Ébrié Lagoon, this agreement provides NAFAD with the legitimacy and grounding necessary to uphold the ambitions of our “Four Cardinal Points.”

The Abidjan Consensus was presented to the delegates by Souleymane Diarrassouba, Cote D’Ivoire’s Minister for Planning and Development.

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

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From Megawatt (MW) to Gigawatt (GW): Why Africa Must Think in Grid-Scale Power to Compete in the Artificial Intelligence (AI) Economy

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African Energy Chamber

As AI infrastructure drives power demand into the gigawatt range, Africa must move beyond incremental energy planning – placing grid-scale generation at the center of discussions at African Energy Week 2026’s AI and Data Center Track

CAPE TOWN, South Africa, May 11, 2026/APO Group/ –The rapid expansion of artificial intelligence is fundamentally reshaping global energy demand, with implications that extend well beyond traditional power planning. Nowhere is this more apparent than in the growing energy footprint of data centers. Facilities that once required tens of megawatts are now being developed at 100–200 MW scale, with hyperscale campuses increasingly aggregating demand into the gigawatt range.

 

This shift presents a structural challenge for Africa. While the continent is rich in energy resources, its planning frameworks remain largely oriented around incremental, megawatt-scale additions – often tied to localized demand or short-term capacity gaps. In the context of AI-driven infrastructure, this approach is increasingly misaligned with the scale and concentration of future demand.

Africa’s data center sector, while growing, remains at an early stage. Operational capacity currently stands at approximately 300–400 MW, with projections reaching 1.5–2.2 GW by 2030. At the same time, demand is accelerating rapidly: electricity consumption from data centers is rising at 20–25% annually and is expected to reach around 8,000 GWh in the near term. This growth mirrors a broader global surge, with data center power demand projected to approach 945 TWh by 2030, driven largely by AI workloads.

This is ultimately about aligning Africa’s energy strategy with where global demand is heading

What distinguishes AI-related demand is not only its scale, but its concentration and consistency. Unlike many traditional industrial loads, data centers require uninterrupted, high-quality power, often with built-in redundancy. This places new demands on grid design, prioritizing stability, capacity and long-term scalability over incremental expansion.

Meeting these requirements will require a departure from conventional planning models. Rather than adding capacity in small increments, there is a growing case for developing gigawatt-scale generation aligned with emerging digital infrastructure hubs. This means integrating power generation, transmission and data center development into coordinated investment strategies, particularly in markets with strong resource bases and improving regulatory environments.

It also requires a shift in how excess capacity is viewed. In many African power systems, surplus generation has historically been treated as a financial inefficiency. In the context of AI and digital infrastructure, however, maintaining a margin of available capacity can enhance grid stability, reduce outages and provide the flexibility needed to support rapid load growth, while creating a foundation for broader industrial development.

A useful benchmark can be seen in Northern Virginia, the world’s largest data center market, where installed capacity has now exceeded 4 GW and more than 1 GW of new supply was added in a single year, reflecting the rapid pace at which hyperscale infrastructure is being deployed. Driven by major cloud and AI players, demand has tightened the market significantly, with vacancy rates approaching zero and most new capacity released well in advance. The scale and speed of development highlight how quickly data center demand is expanding – and underscore the level at which infrastructure must be planned.

These dynamics are increasingly shaping the policy conversation. At African Energy Week 2026, the AI and Data Center Track will focus on the infrastructure required to support this transition, with a particular emphasis on aligning energy planning with digital economy objectives. As AI infrastructure scales, reliable and abundant power is no longer a supporting factor, but a prerequisite.

“This is ultimately about aligning Africa’s energy strategy with where global demand is heading,” says NJ Ayuk, Executive Chairman of the African Energy Chamber. “If we continue to plan in megawatts, we will struggle to compete in an economy that is already moving at the gigawatt scale. Building larger, more resilient power systems is not just about meeting demand – it is about creating the conditions for investment, innovation and long-term growth.”

Distributed by APO Group on behalf of African Energy Chamber.

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Telecoming Strengthens Its Presence in Africa with the Launch of DCB Software South Africa

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The company advances its regional strategy with a model built on AI, monetisation and direct connectivity with local operators

JOHANNESBURG, South Africa, May 11, 2026/APO Group/ –Telecoming (www.Telecoming.com), a global technology company specialising in the monetisation of digital services, announces the launch of DCB Software South Africa (www.DCBSoftwareZA.com), its new local subsidiary. The move reinforces the company’s growth strategy in Africa, one of the most promising markets in the mobile economy.

The new entity will be led by Javier de Corral, who will lead business development, establish partnerships with telecom operators and build a local team based in Johannesburg.

The South African launch builds on Telecoming’s existing footprint in the continent, where it already operates through its Algerian subsidiary, DCB Software Dzayer, further strengthening its regional position.

We are very excited about the opportunities in South Africa and committed to investing in its digital future

DCB Software South Africa will operate as a local hub focused on AI-driven digital services, supported by a team entirely based in the country. Its scope includes the development of digital products, mobile and web services, as well as solutions in digital entertainment and marketplaces, all built on scalable, multi-device platforms designed to ensure a seamless user experience.

The subsidiary combines in-depth knowledge of the South African and Sub-Saharan markets with direct access to telecom operators, digital platforms and local payment solutions. It will deploy multiple monetisation models, including Direct Carrier Billing (DCB), to optimise conversion rates and overall performance.

The launch of DCB Software South Africa marks a key milestone in our global expansion strategy”, said Cyrille Thivat, CEO of Telecoming. “We are very excited about the opportunities in South Africa and committed to investing in its digital future. With Javier de Corral at the helm, we are confident that this new subsidiary will not only drive our local growth but also contribute to the broader digital and AI ecosystem.”

Telecoming develops technology designed to enhance user acquisition, streamline payment processes and improve the performance of digital services. Its platforms integrate monetisation, advertising and user experience, leveraging artificial intelligence to deliver secure, scalable and efficient solutions.

This expansion reinforces Telecoming’s commitment to delivering innovative digital and AI services and strengthens its position as a key player in the African market. With this launch, the company takes another step in its international expansion, enhancing its ability to support the development of Africa’s digital ecosystem through advanced technology, local expertise and strategic partnerships.

Distributed by APO Group on behalf of Telecoming.

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Enlit Africa 2026 makes 20 May the Commercial and Industrial (C&I) delivery day across power, water and clean energy hubs

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Enlit Africa 2026

Taking place 19–21 May 2026 at the Cape Town International Convention Centre (CTICC), Enlit Africa, created by VUKA Group, convenes utilities, municipalities, large energy users, financiers, developers and technology providers to focus on what shifts outcomes in African infrastructure

CAPE TOWN, South Africa, May 11, 2026/APO Group/ –Enlit Africa 2026 will put commercial and industrial delivery front and center on Wednesday 20 May with a dedicated line-up across the Power HubWater Hub and Renewable Energy & Storage Hub. The day is built for decision-makers who must keep operations running, secure reliable supply, manage risk and move projects from concept to implementation.

 

Taking place 19–21 May 2026 at the Cape Town International Convention Centre (CTICC), Enlit Africa, created by VUKA Group, convenes utilities, municipalities, large energy users, financiers, developers and technology providers to focus on what shifts outcomes in African infrastructure.

On 20 May, the programme is anchored by the keynote, “How a coordinated energy/water plan could change African resilience” (09:30–11:45), positioning water and energy as interlinked operational risks that can no longer be managed in silos. From there, the day breaks into practical tracks tailored for large users and the solution partners that support them.

In the Renewable Energy & Storage Hub, sessions focus on the realities of C&I adoption and delivery at scale, including “Project implementation for multi-megawatt C&I projects” (11:45–13:00) and “Clean energy adoption in the C&I market” (14:30–15:45), before turning to fleet electrification and operations with “Mobility: Management of electric vehicle fleets for C&I” (16:00–17:30).

In the Water Hub, the agenda targets the technologies and operating models that matter most to industrial continuity and compliance. Sessions include “Next-generation water treatment technologies” (11:45–13:00), “Advanced water treatment & smart water systems” (14:30–15:45) and “Accelerating water technology deployment for C&I operations” (16:30–17:30).

Together, the three stages create a single day of high-signal, implementation-led content for C&I leaders, utilities, municipalities and suppliers focused on operational performance, investment readiness and delivery discipline.

Distributed by APO Group on behalf of VUKA Group.

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