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African Management Institute (AMI) added $130M to African economies and impacted 1.5M livelihoods in first decade through support for 37,000 African businesses

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African Management Institute

African Management Institute’s decade of impact: 37,000 businesses and over 94,000 individuals reached, enhancing 1.46 million livelihoods across Africa, and adding $130M to African economies since 2013

NAIROBI, Kenya, June 12, 2024/APO Group/ — 

The African Management Institute (AMI) (www.AfricanManagers.org) has released its 2023 annual impact report, titled 10 Years as An African Champion for Africa’s Business Champions (https://apo-opa.co/4bWxnN4), which highlights how Africa’s leading business and management learning company impacted 1.5 million livelihoods in the last decade through its support of 37,000 African businesses. 

Download document: https://apo-opa.co/3RrmPgK

The report underscores the impact of AMI’s practical learning programmes on business growth and job creation at scale across the continent, with 97,000 jobs created and $130 million in incremental small business revenue generated – with an outsized impact for youth and women.

“Africa’s businesses and employees are the continent’s engines of growth and prosperity. Through our decade of providing Africa’s ambitious businesses with practical tools and training, we know that businesses grow faster and people perform better when they engage in practical business learning that can be immediately applied on the job,” said Rebecca Harrison, CEO and co-founder of AMI.

“We’re particularly proud of our work with thousands of talented women business leaders across Africa. Our latest data shows women and youth outpace the average on all key business metrics, including revenue growth, job creation and access to finance.”

AMI was founded in 2013 to address the lack of effective and scalable business and management learning for Africa’s ambitious business owners and teams.

The report outlines lessons and stories from AMI’s high-impact model for business learning and growth support at scale.

“We knew that traditional training couldn’t achieve real change. Our approach had to be obsessively focused on practice – providing business owners and their teams with practical tools to underpin the daily habits and behaviors needed to build strong companies,” emphasized Jonathan Cook, AMI’s co-founder and chairman. “In our first ten years, that’s what we’ve delivered and as Africa’s ambitious businesses continue to grow, we’re looking forward to the next decade of spurring further growth.”

Report Overview:

Our latest data shows women and youth outpace the average on all key business metrics, including revenue growth, job creation and access to finance

Since 2013, AMI has:

  • Resulted in SMEs generating $130 million in incremental revenue
  • Reached 37,000 businesses with its practical training programs.
  • Facilitated the creation of 97,000 direct and indirect jobs.
  • Enabled an average annual revenue growth of 18% for businesses post-Covid
  • Enhanced 1.46 million livelihoods across Africa

Key Findings of the Report – 2023 Results

  • Youth and Women-Owned Businesses:
  • Women-owned businesses accounted for more than half of those supported. Women and young entrepreneurs outpaced men in nearly every growth metric:

Spotlight on Women in 2023

  • 50% of all participants and 51% of entrepreneurship program participants in 2023 were women.
  • Women-led businesses created an average of 1.4 jobs each per year, surpassing the overall average of 1; 26% of jobs created were for women
  • Women-led businesses had a median annual revenue growth of 20%, exceeding an overall average of 18%.
  • Women-led businesses accessed higher finance amounts ($33,667) compared to male-led businesses ($26,833), with co-led businesses accessing even more ($45,737)

Spotlight on Youth in 2023

  • 81% of participants were youth (age 34 and below).
  • Youth-led businesses achieved an annual revenue growth of 24.62%, significantly higher than the average
  • Youth-led businesses also had a higher three-year CAGR at 20.23%.
  • High Return on Investment:
  • AMI delivers sector-leading impact and cost efficiency;
    • For every $1 invested in an AMI programme, businesses generated $48 in revenue, with an estimated 25% of that directly enhancing employee incomes.
    • In 2023 businesses in AMI programmes saw 18.69% median annual revenue growth
    • The top 50 performing businesses created an average of 15.4 jobs each in 2023 and grew their revenue by an average of 169% in one year.
  • MSMEs Access to Finance in 2023:
    • 39.5% of participants accessed finance (an increase from 2022).
    • 77% of those accessing finance obtained loans.
    • Average finance amount was $30,800 (, with a median amount of $4,405).
    • The range of finance raised was $33-$1.2 million.
  • Entrepreneur Endorsed:
    • 88% of entrepreneurs reported that they either would not have or may not have achieved their growth without AMI’s support.

Distributed by APO Group on behalf of African Management Institute.

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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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Business

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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Business

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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