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African Development Bank welcomes major Algerian development initiatives as two forge an even stronger partnership

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African Development Bank

During his official visit to Algeria on 16-17 November, Dr Sidi Ould Tah, President of the African Development Bank, expressed his deep gratitude to Algerian President Abdelmadjid Tebboune for this significant decision

ALGIERS, Algeria, November 19, 2025/APO Group/ –The African Development Bank (AfDB) (www.AfDB.org) has officially been earmarked as Algeria’s international partner in the country’s renewed efforts to engage with external financing, marking a key milestone in the ongoing partnership between Algeria and the Bank Group.

During his official visit to Algeria on 16-17 November, Dr Sidi Ould Tah, President of the African Development Bank, expressed his deep gratitude to Algerian President Abdelmadjid Tebboune for this significant decision. Ould Tah emphasised that the move represented a strategic step forward in Algeria’s development and its relationship with the Bank Group.

As part of the 2025 Finance Law, Algeria has initiated its approach to external financing, focusing on large-scale projects of national importance. A central priority is the development of the Laghouat–Ghardaïa–El Meniaa railway line (495 km), with an estimated cost of  $2.8 billion.

This rail line marks the first phase of a major Trans-Saharan Railway corridor, which will eventually stretch from the north of the country to Tamanrasset and beyond, connecting to Niger. This new logistics route will not only open up the southern regions of Algeria but will also provide a vital transport link for landlocked countries in the Sahel, facilitating access to essential resources and markets.

The project is part of Algeria’s broader national railway expansion plan, which aims to double the country’s railway network to 10,000 km by 2030, with a long-term goal of reaching 15,000 km. This expansion aligns with Algeria’s broader goal of modernising its infrastructure to reduce transportation costs, integrate isolated regions, and increase the domestic processing of valuable natural resources, including critical and industrial minerals.

Minister of Hydrocarbons and Mines, Mohamed Arkab, underscored the government’s commitment to adding value to the country’s raw materials. “We can no longer accept exporting our raw materials in their unprocessed state,” said Arkab.

The ambition of the Algerian government, the quality of its projects, and its national execution capacity make it a central partner for Africa’s transformation

Algeria has set ambitious targets to increase the local transformation of hydrocarbons from 30 percent to 60 percent by 2035, supported by a $60 billion investment plan running from 2025 to 2029. The country also aims to expand its capacity in petrochemicals, hydrogen, and other gas derivative industries, with a focus on upgrading fertilizer, oil, tire, and mineral processing.

In the mining sector, Algeria is positioning itself as a leader in the extraction and processing of critical minerals such as iron, zinc, gold, and rare earths. Many of these resources are located in the Saharan region, often huge distances from existing infrastructure. The Trans-Saharan Railway will provide the necessary logistical support to unlock the potential of these remote deposits, enabling local processing and improving access to markets in Algeria and neighbouring countries.

Ould Tah expressed strong support for Algeria’s ambitions, highlighting the alignment of the country’s industrial transformation with the African Development Bank’s strategic vision. “The localisation of value, industrialisation, and mineral sovereignty are key pillars of Africa’s future,” Ould Tah said, referencing a recent study by BloombergNEF, which indicated that Africa has a clear competitive advantage in producing battery precursors. He called for a coordinated approach across African nations to protect and sustainably enhance the continent’s critical mineral resources.

The visit also focused on Algeria’s efforts to strengthen energy and water security. The Bank President visited the “Fouka 2” seawater desalination plant, which is part of Algeria’s broader efforts to address water scarcity exacerbated by prolonged drought in the Mediterranean region.

The country currently operates 19 desalination plants. Five more units are set to come online by 2027, increasing desalination capacity to meet an impressive 60 percent of national water needs by 2030.

Algeria’s years-long expertise in liquefied petroleum gas (LPG) distribution was also highlighted as a model for the continent. The country provides 75 percent of its households with LPG, including cities in the southern desert region, through locally designed and built infrastructure. This experience is seen as a valuable contribution to the African Union’s clean energy transition efforts, with the African Development Bank supporting similar clean cooking initiatives across the continent.

Minister of the Interior, Local Authorities, and Transport, Saïd Sayoud, and Minister of Public Works and Basic Infrastructure, Abdelkader Djellaoui, highlighted Algeria’s exceptional capacity to manage large infrastructure projects. The country recently completed 950 km of railway in just 24 months using entirely domestic resources and expertise. This execution capacity is critical for supporting the ongoing development of key North-South corridors and strategic mining lines.

President Ould Tah praised Algeria’s ambitious vision and ability to execute high-quality projects, declaring: “The ambition of the Algerian government, the quality of its projects, and its national execution capacity make it a central partner for Africa’s transformation.”

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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February 6, 2026

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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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February 6, 2026

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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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February 6, 2026

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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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