Business
African Economic Conference Launches Continental Network of Chief Economists to Strengthen Continent’s Policy Leadership
Published
3 weeks agoon
The establishment of the ACE-Network reflects growing recognition that African countries need stronger coordination among their leading economic thinkers as policymakers navigate increasingly interconnected global crises
The launch, one of the principal outcomes of the 2026 African Economic Conference (AEC), comes as African countries face mounting geopolitical tensions, global trade fragmentation, climate shocks, rising debt pressures, and a rapidly evolving international financial and development architecture.
Hosted by the African Development Bank Group in partnership with the United Nations Development Programme (UNDP) and the Organisation for Economic Co-operation and Development (OECD), the three-day conference brought together ministers, central bank officials, chief economists, academics, development practitioners, private-sector leaders and researchers from across Africa and beyond.
The event, held under the theme “Strengthening Africa’s Geopolitical Agency and Trade Resilience in a Multipolar World,” concluded with more than 4,000 participants connected virtually over the three days, reflecting growing interest in Africa’s search for stronger, home-grown policy responses to a rapidly changing global economy.
Speaking on behalf of African Development Bank Group President Dr Sidi Ould Tah, Senior Vice-President Marie-Laure Akin-Olugbade described the launch of the ACE-Network as a landmark achievement that would strengthen Africa’s capacity to develop practical, evidence-based policy solutions.
She noted that the broad participation and engagement of stakeholders across diverse sectors and institutions demonstrate the timeliness, relevance and importance of this year’s theme for Africa’s future. She urged members of the new network to translate research into policies and actions that improve the lives of Africans.
“This is a big responsibility on your shoulders, and we expect to see clear results in the form of very effective decisions and, therefore, actions that really move the needle for the men and women of this beautiful continent of ours,” Akin-Olugbade stressed.
Responding to a changing global economy
The establishment of the ACE-Network reflects growing recognition that African countries need stronger coordination among their leading economic thinkers as policymakers navigate increasingly interconnected global crises.
The network aims to fill that gap by creating an informal, invitation-only community of chief economists and senior policy advisers to exchange evidence, coordinate research, identify emerging risks, and jointly develop policy recommendations for African governments.
Members will include chief economists from African development finance institutions and multilateral organisations, chief economic advisers to African presidents and prime ministers, deputy governors of central banks responsible for economic policy, heads of leading think tanks, deans of economics faculties, and senior private-sector economists.
Rather than establishing another formal institution, the network will operate as a collaborative platform, meeting annually alongside the African Economic Conference and holding quarterly virtual sessions and rapid-response meetings during major global or regional economic shocks.
Strengthening Africa’s knowledge sovereignty
No country, regardless of its size or resources, can effectively navigate this environment alone
Presenting the network’s strategic vision, African Development Bank Group Chief Economist and Vice-President for Economic Governance and Knowledge Management, Prof Kevin Urama, said Africa must strengthen its knowledge systems if it is to shape the emerging global financial and economic order.
He argued that Africa has only a limited window to influence reforms to the international financial architecture and that stronger coordination among African economists would help governments make better-informed decisions amid unprecedented uncertainty.
Among the network’s priorities are strengthening Africa’s knowledge sovereignty, increasing investment in research and innovation, improving policy coordination, reducing duplication across institutions, enhancing early-warning systems for emerging risks, and ensuring that economic analysis better reflects African realities.
Urama also called for greater investment in what he described as “soft infrastructure”—research, data systems and knowledge institutions—to complement the continent’s growing investment in transport, energy and other physical infrastructure.
Bridging research and policymaking
UNDP Regional Bureau for Africa Chief Economist Dr Raymond Gilpin described the network as “a unified powerhouse of African intellectuals” capable of narrowing the gap between economic research and public policy.
He said the initiative would help African countries mobilise domestic capital, strengthen implementation of the African Continental Free Trade Area (AfCFTA), develop innovative responses to climate and fiscal challenges, and convert Africa’s demographic growth into a driver of long-term prosperity.
“The Africa Chief Economists Network will be an engine room that designs creative solutions necessary for Africa to attain the Sustainable Development Goals and the African Union’s Agenda 2063,” Gilpin said.
United Nations Economic Commission for Africa (UNECA) Deputy Executive Secretary and Chief Economist Dr Hanan Morsy said increasingly interconnected crises demanded stronger collective economic intelligence across Africa.
“No country, regardless of its size or resources, can effectively navigate this environment alone,” she said, adding that the network’s success would ultimately be measured by whether it improves policymaking, strengthens resilience and contributes to faster, more inclusive growth across the continent.
Representing the OECD, Ida McDonnell, head of the Development Research Unit, noted that current global challenges required integrated approaches to trade, debt, climate finance, industrial policy and investment, rather than treating each issue separately.
She added that the new ACE-Network would help reduce duplication while strengthening African contributions to global policy debates.
Over three days in the Ivorian capital, delegates examined how Africa can strengthen its geopolitical influence while improving trade resilience, mobilising domestic resources, expanding regional value chains, accelerating industrialisation and attracting greater investment in an increasingly multipolar world.
Sessions also explored the future of development finance, public investment efficiency, artificial intelligence, digital transformation, climate resilience, regional integration and institutional reforms needed to position Africa as a stronger actor in global economic governance.
Participants agreed that Africa possesses major comparative advantages—including the world’s youngest population, abundant renewable energy resources, critical minerals, expanding digital markets and the world’s largest free trade area under the AfCFTA—but that stronger institutions, better policy coordination and higher-quality economic analysis will be essential to convert those assets into sustained growth.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
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Events
Canon returns to Visa pour l’Image to champion outstanding photojournalism
Published
3 days agoon
July 31, 2026
Canon to recognise outstanding contributions to photojournalism with two grants
Canon will honour the craft of documentary storytelling during the festival’s Pro Week (31 August – 5 September 2026), held in Perpignan in the south of France, by awarding two independent project grants, bringing together industry experts to encourage meaningful discussions and providing recourses for the professional community at the Canon Lounge.
Canon to recognise outstanding contributions to photojournalism with two grants
For 26 years, Canon and Visa pour l’Image have awarded at times career-defining project grants to female photojournalists pursuing a long-term documentary project, alongside the opportunity to showcase their work on the acclaimed Visa pour l’Image stage.
This year, the international jury has awarded Finnish photojournalist and Canon Ambassador Meeri Koutaniemi, for her 14-year documentation of female genital mutilation (FGM) and the grassroots activists working to end the practice. Spanning 14 countries, the project explores both the impact of FGM and the efforts of survivors and communities driving change from within, culminating in a return to Kenya to examine how activism and education can transform future generations.
Canon and Visa pour l’Image are also presenting the seventh Canon Video Grant to German-Mexican filmmaker Axel Javier Sulzbacher for Antes de ser Niño – Before Being a Child. Set in Michoacán, Mexico, the film follows a youth militia where children receive military-style training amid cartel violence, exploring the tension between protection, militarisation, and childhood through long-term observational filmmaking.
We are proud to support photographers and videographers who devote years to telling stories that can shape understanding and help build a more informed and compassionate world
“Photojournalism has the power to make visible the realities that too often remain unseen. For more than two decades, the Canon Female Photojournalist Grant has supported women whose dedication, courage and empathy bring these stories to light. Meeri Koutaniemi’s work exemplifies the profound role documentary storytellers play in bearing witness, amplifying underrepresented voices, and inspiring meaningful change.
Alongside photography, documentary filmmaking plays a vital role in helping us understand the world and the experiences of people whose stories might otherwise go untold. This year, the Canon Video Grant recognises the remarkable work of Axel Javier Sulzbacher, whose dedicated, long-term approach brings nuance and humanity to a complex and challenging subject,” says Ingrid Masachs, EMEA Marketing Director at Canon.
“We are proud to support photographers and videographers who devote years to telling stories that can shape understanding and help build a more informed and compassionate world.”
Canon to host a Photo Studio
As a special highlight this year, Canon will host a dedicated Photo Studio and offer visitors the opportunity to receive a professional headshot and live demonstration of Canon’s Authenticity Imaging System (https://apo-opa.co/4c8UlT2), which embeds secure, verifiable credentials into images in accordance with the C2PA standard.
Canon support at Visa pour l’Image
The Canon Lounge will showcase the strength of Canon’s complete professional imaging offering, bringing together industry-leading cameras, lenses, professional print technology and software solutions that help protect image authenticity, and the unrivalled expertise of Canon Professional Services (CPS).
Throughout the festival, accredited photographers can benefit from complimentary check-and-clean services, hands-on access to the latest equipment, one-to-one advice from Canon product specialists, and a fine art print of their work. As the only imaging brand offering this full suite of products, software and services support, Canon is uniquely positioned to help professional photographers create, protect, and share their work with confidence.
Distributed by APO Group on behalf of Canon Central and North Africa (CCNA).
Business
Inside Africa’s Green Economy: Kevin Munjal on What’s Coming Next
Published
3 days agoon
July 31, 2026
Kevin Munjal, Director of Development Impact at FSD Africa, highlights the potential for up to 84.5 million green jobs in Africa by 2050 if capital flows to service-led value chains, regulations are enforced, and skills systems modernised
Interview Summary:
Kevin Munjal, Director of Development Impact at FSD Africa, highlights the potential for up to 84.5 million green jobs in Africa by 2050 if capital flows to service-led value chains, regulations are enforced, and skills systems modernised. He stresses vocational training models with guaranteed income pathways, innovative financing that embeds workforce development into green infrastructure, and mobile-based social protection for informal workers.
Gender equity requires targeted interventions across both formal and informal economies. Clean cooking and waste recycling are identified as transformative sectors, while national strategies must reflect distinct labour market structures in Nigeria, South Africa and Kenya.
Let’s start with some background on you and the work that you do for FSD Africa. Where in Africa are you active?
My name is Kevin Munjal, I’m the Director of Development Impact at FSD Africa. FSD Africa is a specialist development agency deploying financial and non-financial instruments to strengthen Africa’s financial sector to enable the continent to mobilise sustainable capital at scale for financing of its development needs. We currently have a presence in over 30 countries.
As Director of Development Impact, I oversee the body of work that helps FSD Africa understand the effectiveness of its financial sector development strategies. Together with my team, we help craft and test hypotheses, generating data and insights that inform stronger programming.
I also oversee a growing portfolio of work on green skills and jobs, advocating for climate financing strategies that enable a just green transition in Africa.
The recently published FSD Africa report projects up to 84.5 million green jobs by 2050. What policy choices are most critical to ensure Africa reaches the high scenario outcome rather than falling short?
The gap between the low and high scenarios, 18 million jobs by 2050, comes down to three things: where capital is directed, whether regulations are enforced, and whether skills systems keep pace with deployment.
On capital, the high scenario requires finance to flow toward service-led value chains like clean cooking, solar home systems, waste recycling, e-mobility, rather than concentrating in utility-scale infrastructure. These service chains generate more jobs per dollar and reach more people.
On regulation, the gap between policy intent and market reality is enormous. Thirteen African countries have published e-mobility strategies, but very few have operational enforcement frameworks. Clean cooking targets appear in only 45% of African NDCs.
On skills, the training systems that exist are largely calibrated to legacy technologies. There are no national training programmes for IoT-enabled remote operations, battery management system governance, or carbon measurement and verification in any of the three countries we studied.
How can African governments and industry rapidly scale vocational training and skills systems to meet demand?
Africa’s renewable energy workforce is around 324,000 people—just 2% of the global total—despite the continent holding 60% of the world’s best solar resources. That gap cannot be closed through the formal TVET system alone, which is too slow to reform and too geographically fixed to reach the workers who need it most.
The most effective approaches we’ve seen share a common design principle: train for a specific job with a guaranteed income pathway. The Rural Electrification Agency’s NextGen model in Nigeria—bootcamp training paired with a nine-month paid internship—is a strong example. South Africa’s Grootbos Green Futures programme places 90% of its trainees into roles in the local restoration economy.
Beyond individual programmes, three instruments can scale quickly without new legislation. Recognition of prior learning, embedding green skills modules into existing qualifications rather than creating standalone credentials, and making industrial apprenticeships paid, which has been shown to dramatically improve female retention.
Less than 1% of climate finance currently goes to skills development. What innovative financing mechanisms could redirect capital towards workforce training?
Less than 1% of climate finance currently goes to skills development. While “Jobs created” is the standard metric for investors, it tells you nothing about whether those jobs are decent, skilled, or sustainable.
The first shift needed is to embed workforce development criteria directly into green infrastructure financing. If a DFI is deploying capital into a solar project, a defined share of that deployment should be earmarked for training. Gender inclusion criteria should also be part of the deal terms.
To move beyond grants, need to identify how the underlying assets of a green investment can innovatively finance the skilling of workers. For instance, can a portion of the carbon revenue generated by a green investment be used to finance skilling, In principle, more private finance needs to be directed to the skilling agenda if it is to be sustainable, hence the need to find financing models that can enable this.
The report warns that 86% of green jobs in 2030 will be informal. How can stakeholders extend social protection and career pathways to informal workers, especially women and youth?
By 2030, 86% of green jobs will be informal. That is not a problem to solve for, it is the structure of Africa’s green economy, and any serious strategy has to work within it rather than around it.
Three instruments matter most. Mobile-based social protection, linked to the digital payment platforms that African workers already use, can extend access to health insurance, accident cover, and pensions for self-employed green workers.
Our research is very clear that there is no single African green transition, and a continental template would miss the mark badly
Portable digital credentials, verified through employer records and accessible on basic mobile devices, allow workers to build a recognised skills profile that travels with them across employers and markets. For young people in particular, this converts informal experience into a career asset.
Finally, giving micro-distributors access to working capital and trade finance allows nano and micro-enterprises to build the enterprise performance records that financial institutions need to extend credit. This is how you move someone from a survivalist activity to a sustainable livelihood.
Staying with women, they are concentrated in lower value, commission-based roles. What targeted interventions could ensure gender equity and progression opportunities in the green economy?
Women are projected to hold 31% of green jobs by 2030 and 44% by 2050. That sounds positive until you look at where those jobs are concentrated—the lowest-value, most informal, commission-based roles, with no contract, no social protection, and no progression pathway.
The barriers are structural and well-documented. Safety and mobility issues prevent women from taking on remote or overnight technical assignments. Women’s care burdens conflict with the rigid schedules of higher-tier roles. Gaps in certification and field placement mean that women who complete technical training often cannot convert it into employment.
The most effective interventions address these simultaneously rather than one at a time.
In South Africa, where the green economy is highly formalised, the levers are procurement standards, worksite infrastructure and embedding these into financing conditionalities so they become institutional expectations rather than voluntary practice.
In Nigeria and Kenya, where growth is happening through informal channels, the priority is expanding women’s access to distribution roles and providing working capital for women-led enterprises through catalytic finance instruments.
Gender covenants in DFI financing, specifying targets by value chain and tracking women in technical and management roles, are the accountability mechanism that makes all of this stick.
Africa’s transition is mainly driven by service-led industries. In your view, which of these sectors are most transformative for inclusive job creation?
Clean cooking stands out. By 2030, it is projected to be the largest green value chain on the continent generating between 1.4 and 2.5 million jobs through micro-distributors, maintenance technicians, and community agents. By 2050, clean cooking employment is projected to grow more than tenfold. The majority of customers are women, which means effective distribution requires women as agents, and the sector is approaching gender parity in our high-scenario projections.
Waste recycling is the other sector I’d highlight. It has the highest accessibility rates for low-income workers, around 72%, and the regulatory frameworks to drive formalisation are already in place in South Africa, Kenya, and increasingly Nigeria. South Africa’s Extended Producer Responsibility regime has already created over 24,000 formal jobs since 2022.
The common thread in both sectors is that employment is driven by service delivery at scale with millions of household connections and collections, not a handful of large construction projects. That is precisely what makes them transformative: the jobs are distributed, the barriers to entry are low, and the potential to reach workers who have been structurally excluded from the formal economy is real.
The report highlights differences across Nigeria, South Africa and Kenya. How should national strategies be tailored to reflect these distinct labour market structures and enabling conditions?
Our research is very clear that there is no single African green transition, and a continental template would miss the mark badly.
Nigeria’s transition is 87% informal and dominated by nano-enterprises. Mandating formalisation will not work at the scale and speed the sector requires. The priority is improving job quality within informal systems—portable credentials, mobile social protection, quality standards within agent networks—while expanding the sectors where women are better represented, like climate-smart agriculture.
South Africa’s transition is 70% formal, shaped by regulated procurement frameworks and the most capitalised just transition plan on the continent. The challenge here is not reaching informal workers; it is reforming conditions within formal systems, particularly the occupational segregation that keeps women’s participation stagnant at around 25%, and ensuring that the shift from construction-phase to operations and maintenance roles translates into improved incomes.
Kenya occupies a middle ground—a renewable electricity system already operational, an emerging e-mobility sector anchored by the continent’s most mature mobile money infrastructure, and a devolved governance structure that requires green skills to be integrated at the county level if employment benefits are to reach workers where deployment is actually occurring.
FSD Africa is launching the Green Jobs Innovation Hub. What role do you envision this initiative playing in bridging the gap between investment in infrastructure and investment in human capital?
The hub is a direct response to the coordination failure that sits at the heart of this problem. Training institutions cannot invest in green skills without demand signals from employers. Employers cannot plan workforces without deployment pipelines. DFIs cannot condition financing on workforce outcomes without data on what those outcomes should look like. And governments cannot sequence skills expenditure without occupation-level employment projections. Everyone is waiting for someone else to move first.
The Green Jobs Innovation Hub is designed to break that deadlock by bringing these actors together around shared data, shared standards, and shared investment. Concretely, The Hub works to unlock financing models that close the workforce investment gap—ensuring that capital flows alongside green infrastructure investment.
Any final thoughts from your side?
The most important thing I want to emphasise is that Africa’s green transition is not primarily a story about solar panels and megawatts. It is a story about millions of micro-distributors, maintenance technicians, waste sorters, and community agents, people who are already doing this work, largely informally, largely without recognition, and largely without protection.
We also have the data now. We know which value chains will generate the most jobs, we know who those jobs will reach, and we know what is preventing more people from accessing better ones.
Therefore, we should stop separating the infrastructure conversation from the human capital conversation. They are the same investment. And until we finance them that way, we will keep building green infrastructure that imports its skills and perpetuates the same development challenges we’ve seen over the years.
Distributed by APO Group on behalf of VUKA Group.
Energy
Zimbabwe, Gabon and Mozambique Energy Leaders to Drive Investment Talks at African Energy Week (AEW) 2026
Published
3 days agoon
July 30, 2026
ZERA, Gabon Oil Company and ENH leaders will join AEW 2026 to discuss energy reform, upstream growth and investment opportunities across Africa
Their participation comes as African governments pursue market reforms, strengthen national energy companies and expand private investment to improve energy security and accelerate resource development. AEW 2026 – taking place in Cape Town from October 12–16 – will provide a platform to examine how regulatory modernization, state-led investment and international partnerships are driving new opportunities across the continent’s electricity, oil and gas sectors.
Mazambani joins AEW 2026 as Zimbabwe advances one of its most significant energy market reforms in decades. The regulator recently shifted away from unsolicited project proposals in favour of structured competitive bidding, improving transparency while creating clearer pathways for private investment. At the same time, ZERA continues expanding the country’s renewable energy pipeline, issuing new generation licenses that have added hundreds of megawatts of planned capacity, predominantly through utility-scale solar projects.
The participation of ZERA, Gabon Oil Company and ENH at AEW 2026 reflects the important role these institutions play in shaping competitive energy markets
The authority has also launched initiatives to modernize the national grid, strengthen energy efficiency standards and prepare for wider deployment of distributed generation through future net-metering frameworks. Recent enforcement measures to ensure lower fuel prices are expected to reduce transport costs and improve affordability for consumers.
Meanwhile, Ngabi brings insights from one of Africa’s fastest-growing national oil companies as GOC expands from an equity partner into an integrated upstream operator. Since taking office, he has overseen a strategy centered on increasing state participation in Gabon’s petroleum sector through acquisitions, operatorship and domestic capability building. The company’s $300 million acquisition of Tullow Oil’s Gabon portfolio significantly expanded its production base and reserves while positioning GOC as a more influential operator across the country’s mature producing assets.
The acquisition of Société de Maintenance Pétrolière Afrique has brought drilling and well intervention expertise in-house, while new offshore production sharing contracts have expanded GOC’s operated acreage. These developments coincide with Gabon’s broader efforts to revive exploration activity, open new offshore licensing opportunities and modernizing refining infrastructure.
A geologist by training with decades of experience inside ENH, Morais has been tasked with maintaining technical continuity while advancing the commercialization of Mozambique’s vast offshore natural gas resources. His appointment comes as Mozambique seeks to accelerate financing and implementation of major Rovuma Basin LNG projects that are expected to transform the country’s economy over the coming decade.
Beyond LNG development, ENH is expanding its role across Mozambique’s broader energy value chain. Under Morais’ leadership, the company is supporting government efforts to increase domestic value addition by strengthening logistics infrastructure, pipeline networks and downstream facilities that can support long-term industrialization. The strategy reflects Mozambique’s growing emphasis on ensuring natural gas development delivers wider economic benefits through local content, industrial growth and improved energy access.
“Across Africa, governments are strengthening regulatory institutions, expanding the role of national energy companies and creating new investment frameworks to unlock long-term energy development,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “The participation of ZERA, Gabon Oil Company and ENH at AEW 2026 reflects the important role these institutions play in shaping competitive energy markets, attracting investment and ensuring Africa’s natural resources drive sustainable economic growth.”
Distributed by APO Group on behalf of African Energy Chamber.
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