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African Energy Week (AEW) 2024 Positions Women at Center of Africa’s Energy Transformation

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African Energy Week

The upcoming African Energy Week: Invest in African Energy conference will host a dedicated forum on women in energy, in collaboration with the African Women Business Energy Network

CAPE TOWN, South Africa, July 31, 2024/APO Group/ — 

African Energy Week (AEW) (www.AECWeek.com): Invest in African Energy 2024 will feature the Transformative Impact of Women in Energy forum – hosted by the African Women Business Energy Network (AWBEN) – on November 7 in Cape Town. This forum will highlight African female policymakers, businesswomen and entrepreneurs who are leading innovative energy projects and driving economic transformation across the continent.

While the global energy industry has been traditionally male-dominated, the sector is experiencing a notable shift towards enhanced gender diversity, equity and inclusion. Driven by collective efforts for change, African women are increasingly being recognized for their dynamic contributions across leadership, policy, finance, technology and innovation within the energy sector.

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Established by the African Energy Chamber (AEC) – the voice of Africa’s energy sector – AWBEN empowers women in energy and supports women-owned businesses by facilitating investment and access to new business opportunities. Key initiatives include fostering collaboration among African women in the sector, hosting mentorship programs and promoting members’ personal and professional development. AWBEN also provides coaching and sponsorship for girls and young women in STEM, as well as encourages higher leadership positions for African women in energy.

It is imperative that we not only include, but actively build up and promote women at every level of the industry to harness the full potential of our continent’s energy resources

Similar initiatives are being implemented across the continent. USAID’s Power Africa initiative promotes female advancement in the energy sector, aiming for more equal representation within national and regional governments, private sector firms, power utilities and energy enterprises. Women in Rwandan Energy serves as a nation-wide commitment to providing career coaching, technical training, apprenticeships and mentorship services to empower women for successful careers and leadership roles in Rwanda’s energy sector. Programs like Women in African Power enhance female professional development through targeted networking events and skill training initiatives specific to the energy industry.

In Africa’s oil and gas space, women are increasingly assuming top leadership positions in both the public and private sector. Serving as Petroleum Commissioner of Namibia’s Ministry of Mines and Energy, Maggy Shino has played a key role in securing upstream investment from major international oil companies. With Namibia serving as a global exploration hotspot on the back of prolific offshore Orange Basin discoveries, Shino’s strategic vision and leadership have been instrumental in driving the country’s energy sector and attracting foreign investment.

Uganda’s Minister of Energy and Mineral Development Ruth Nankabirwa Ssentamu is playing a critical role in the country’s upstream market. With Uganda targeting first oil output by 2025, projects such as the $10-billion Lake Albert Development – home to the Tilenga and Kingfisher fields – are set to transform the national energy landscape. Ssentamu’s leadership has been crucial in advancing these projects, maximizing Uganda’s resource potential and establishing its position as a major up-and-coming oil market.

In Equatorial Guinea, Teresa Isabel Nnang Avomo, CEO of national oil company GEPetrol, has led initiatives to improve national oil and gas infrastructure, boost production and strengthen partnerships with international operators. Under her leadership, GEPetrol signed a PSC with energy major Chevron aimed at increasing production from Blocks EG-06 and EG-11, as well as awarded engineering firm Petrofac a technical service contract last month to support the operation of Block B, home to the Zafiro field.

With the global energy transition underway, women have also risen to become pivotal leaders in Africa’s clean energy space. Sandra Chukwudozie, Founder and CEO of clean energy firm Salpha Energy, is pioneering clean, affordable and innovative energy solutions for a carbon-neutral future. Rekik Bekele, CEO and Founder of Green Scene Energy, is targeting the delivery of affordable solar solutions in Ethiopia, while Monique Ntumngia, CEO of the Green Girls Project and Monafrik Energy, is advocating for climate-gender justice across the continent and leveraging AI to address clean energy challenges in rural African communities.

“The future of Africa’s energy sector hinges on the full participation of women. Their diverse perspectives and innovative approaches are essential for driving sustainable growth and economic transformation. It is imperative that we not only include, but actively build up and promote women at every level of the industry to harness the full potential of our continent’s energy resources,” said NJ Ayuk, Executive Chairman of the AEC.

At AEW: Invest in African Energy 2024, the Transformative Impact of Women in Energy forum will highlight the critical role that African businesswomen, entrepreneurs and policymakers are playing in energy sector innovation and growth. By showcasing their ongoing leadership and achievements, the forum aims to inspire further progress towards a more diverse and inclusive energy industry.

Distributed by APO Group on behalf of African Energy Chamber.

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Afreximbank Posts Robust Q1 2026 Results with 25% Growth in Net Income and Improved Profitability

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Afreximbank

The results demonstrate continued resilience, disciplined balance sheet management and strong deal execution despite a challenging global operating environment

The growth in net interest income and profitability demonstrates the strength of our operating model and the continued relevance of our mandate

CAIRO, Egypt, May 22, 2026/APO Group/ –African Export-Import Bank (“Afreximbank” or the “Bank”) (www.Afreximbank.com) and its subsidiaries (the “Group”) announced its results for the three months ended 31 March 2026. The results demonstrate continued resilience, disciplined balance sheet management and strong deal execution despite a challenging global operating environment.

 

The Group continued to expand its lending activities in Q1 2026, resulting in total credit exposure growing by 2% to reach a portfolio of US$42 billion, up from US$41 billion as of 31 December 2025. This performance reflects Afreximbank’s leading role as a Development Finance Institution (DFI) in financing trade and trade-enabling infrastructure, and its strategic contribution to economic resilience across Africa and the Caribbean.

Average loans and advances for Q1 2026 stood at US$32 billion, up 8% compared to the same period in the prior year, driving the recorded growth in interest income. The Group’s liquidity position remained strong, with cash and cash equivalents of US$5.6 billion, representing 14% of total assets, consistent with FY2025 and above the Bank’s strategic minimum.

Asset quality also remained strong, with the non-performing loan (NPL) ratio at 2.40%, broadly in line with 2.43% at FY2025 and below industry average.

Shareholders’ funds increased to US$8.6 billion at 31 March 2026, up from US$8.4 billion at FY2025, supported by internally generated capital of US$268.9 million and new equity investments received during the quarter, underscoring the Bank’s continued ability to mobilise capital from its shareholders in support of its growth and development mandate.

The Group delivered strong profitability during the quarter.  Notwithstanding declining benchmark rates, total interest income rose by 14% year-on-year to reach US$813.6 million, while net interest income increased by 24% to US$510.0 million, compared with US$411.2 million in the first quarter of 2025. The Group’s cost-to-income ratio remained contained at 19%, well within the Group’s strategic ceiling of 30%. As a result, Profit for the period increased to US$268.9 million, up from US$215.4 million in Q1 2025.

The Group continued to maintain a strong capital position, with a capital adequacy ratio of 23% as at 31 March 2026, in line with the Bank’s long-term capital management targets.

During the quarter, Afreximbank continued to demonstrate its counter-cyclical role in response to external shocks. In March 2026, the Bank launched a US$10 billion Gulf Crisis Response Programme to help member countries mitigate adverse spillover effects from the Gulf crisis. The facility is designed to support liquidity, stabilise trade and payments, and address supply-side disruptions, particularly in energy, tourism and aviation, fertilisers, food and other critical imports.

The Bank also continued to deploy targeted financing and advisory support to strengthen trade flows, industrial capacity and economic resilience across Africa and CARICOM. Regional integration received further momentum following South Africa’s ratification of the Bank’s Establishment Agreement in February 2026, bringing one of Africa’s largest and most diversified economies into the Bank’s membership and giving the Bank full continental coverage.

Highlights of the results for Afreximbank Group are shown below:

Financial Performance Metrics

Q1’2026

Q1’2025

Gross Income (US$ million)

874.1

784.9

Net Income (US$ million)

268.9

215.4

Return on average equity (ROAE)

13%

12%

Return on average assets (ROAA)

2.62%

2.38%

Cost-to-income ratio

19%

16%

 

Financial Position Metrics

Q1’2026

FY’2025

Total Assets (US$ billion)

41.7

42.3

Total Liabilities (US$ billion)

33.0

33.9

Shareholders’ Funds (US$ billion)

8.6

8.4

Non-performing loans ratio (NPL)

2.40%

2.43%

Cash/Total assets

14%

14%

Capital Adequacy ratio (Basel II)

23%

          23%

 

Mr. Denys Denya, Afreximbank’s Senior Executive Vice President, commented:

“Against a backdrop of continued global uncertainty, heightened geopolitical risks and tight financial conditions, the Group delivered a resilient first-quarter performance, underpinned by disciplined balance sheet management, sound asset quality and strong capital and liquidity buffers. The growth in net interest income and profitability demonstrates the strength of our operating model and the continued relevance of our mandate. Our swift launch of the US$10 billion Gulf Crisis Response Programme further underscores Afreximbank’s counter-cyclical role in supporting member countries during periods of disruption. We remain focused on stabilising trade flows, easing liquidity pressures and advancing the industrial and economic transformation of Africa and the Caribbean.”

Distributed by APO Group on behalf of Afreximbank.

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Via Licensing Alliance Expands Voice Codec Program with New Licensee, New Licensors, Publishes Comprehensive Pool Rate Structure

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Via Licensing Alliance

SAN FRANCISCO, CALIFORNIA, UNITED STATES – Media OutReach Newswire – 22 May 2026 – Via Licensing Alliance (Via) today announced continued momentum for its Voice Codec patent pool, including the addition of a new unnamed licensee and new licensors, NovaVoice Limited and Cordial IP, further growing the program’s patent stack and market penetration from its initial five, large global licensors.

The addition of the new licensee, unnamed at this time, reflects growing industry adoption of the collaborative licensing pathway Via’s Voice Codec program creates for accessing IP rights to critical voice technologies. This addition reflects a growing market uptake of advanced voice technologies, including EVS and IVAS, driven by rising demand as 5G and 5G-Advanced technologies are adopted worldwide.

Additionally, Via continues to prioritize transparency and has published its full rate structure for the Voice Codec pool, providing further clarity and predictability for implementers and to the broader market. For implementers, the full rate structure allows for complete visibility as they consider the appropriate royalty structure to choose from to meet their product level costs, evaluate future growth paths for their product lines, or plan their geographical expansion plan needs. This level of disclosure not only reduces uncertainty in licensing decisions but also enables more consistent benchmarking, reinforcing confidence in fair, market-aligned SEP licensing practices. The program’s royalty rates are listed on Via’s website at https://www.via-la.com/licensing-programs/voice-codec/#license-fees.

The addition of the new licensors indicates increased interest from patent holders in licensing their voice technology SEPs through highly efficient, aggregated licensing vehicles such as patent pools. Future growth in both the licensor list and the number of patents consolidated through the pool license will continue to enhance the value of the Voice Codec License for implementers. Via’s Voice Codec program licensors are listed here: https://www.via-la.com/licensing-programs/voice-codec/#licensors.

Via’s Voice Codec pool covers Enhanced Voice Services (EVS), which supports voice communications across more than one billion and growing active devices globally, as well as Immersive Voice and Audio Services (IVAS), which will play a central role in next-generation voice and spatial audio applications.

“We are pleased to welcome these new entrants to our pool, which signal continued growth and momentum our Voice Codec program,” said Kevin Mack, President of Via Licensing Alliance. “This pool license offers strong value relative to other market options and represents the only collaborative licensing solution for EVS and IVAS technologies, making it a smart and efficient pathway for companies seeking to license critical voice capabilities.”

EVS remains a foundational technology for high-quality voice communications in 5G and 5G-Advanced networks, with adoption continuing to expand as 5G, 5G-Advanced and future network iterations reach global scale. As spatial audio and advanced voice technologies expand into 6G and a broader range of non-cellular devices, the importance of IVAS technologies is expected to increase, with Via’s pool offering an early and effective licensing pathway.

For more information about the Voice Codec patent pool, including information for prospective licensees, please visit https://www.via-la.com.

About Via Licensing Alliance:
Via Licensing Alliance is the collaborative licensing leader, dedicated to accelerating global technology adoption, fostering participation, and generating return on innovation with balanced licensing solutions for innovators and manufacturers of all sizes around the globe. Via has operated dozens of licensing programs for a variety of technologies. Via is an independently managed company owned by industry-leading participants with over 25 years of intellectual property licensing leadership. For more information about Via, please visit https://www.via-la.com.

 

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Joint statement welcoming the Republic of Togo’s announcement on Visa facilitation for African nationals

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Togo

The AfCFTA Secretariat and Afreximbank commend the Government and people of the Republic of Togo for hosting Biashara Afrika 2026 and for their continued commitment to advancing Africa’s economic integration agenda

LOMÉ, Togo, May 21, 2026/APO Group/ –The AfCFTA Secretariat and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcome the announcement by the Government of the Republic of Togo, under the leadership of H.E. Faure Essozimna Gnassingbé, President of the Council of the Republic of Togo, regarding measures to facilitate visa-free entry for all nationals of African States holding valid passports, as announced by the Minister of Security on 18 May 2026.

The announcement was made in Lomé on the sidelines of Biashara Afrika 2026, the continent’s premier trade and business platform, which has brought together policymakers, private sector leaders, investors, and stakeholders from across Africa to advance dialogue on intra-African trade, investment, and regional integration.

Throughout the engagements, participants underscored the importance of facilitating the movement of African citizens, entrepreneurs, and investors as an important enabler of intra-African trade and economic cooperation. Against this backdrop, the announcement reflects the growing continental momentum towards strengthening connectivity and deepening African integration.

The AfCFTA Secretariat and Afreximbank, to which Togo is a State Party and a Member State, envision a continent where goods, services, capital, and people move more freely across borders in support of an integrated African market. Measures that facilitate mobility and connectivity continue to contribute towards advancing the broader mandate of both institutions; the attainment of the aspirations of Agenda 2063.

The AfCFTA Secretariat and Afreximbank commend the Government and people of the Republic of Togo for hosting Biashara Afrika 2026 and for their continued commitment to advancing Africa’s economic integration agenda.

Distributed by APO Group on behalf of Afreximbank.

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