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Ahead of Conference of the Parties (COP30), Africa champions new approach to measuring green wealth of countries and incentivizing climate action

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COP30

Leaders emphasized that a proper valuation of Africa’s natural resources would transform the continent’s financial landscape by unlocking access to global financial flows, improving national risk profiles, and creating new capacity for investments in green economies and climate-resilient infrastructure

WASHINGTON D.C., United States of America, April 28, 2025/APO Group/ —

  •  Proper valuation of natural capital and the ecosystem services it provides, such as carbon sequestration, is a win-win strategy for growing economies— Urama, African Development Bank (www.AfDB.org)
  • We need to make bold decisions and act swiftly to accelerate the measurement of Africa’s green wealth— Suda-Mafudze, African Union Commission.

African leaders are advocating for a new approach to measuring the continent’s green wealth, emphasizing that current  gross domestic product measures in most African countries are outdated and underestimate their true wealth.

They spoke on Thursday at an event hosted by the African Union Commission and the African Development Bank Group at the African Union Mission to the United States on the sidelines of the 2025 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF).

“We need to talk the talk and walk the talk. It is time to turn our commitments and pledges into concrete actions,” said Ambassador Hilda Suda-Mafudze, Permanent Representative of the African Union Mission to the U.S. “We need to invest in our systems of national accounts. If we want to have accurate measures of our wealth and create a store of assets, we can leverage them to drive our ambitions of shared prosperity and sustainable development.”

The event featured discussion of a 2024 African Development Bank Group report that found that including the value of carbon sequestered in African forests only would have resulted in an additional $66.1 billion of GDP for the continent in 2022, an expansion of about 2.2 percent. Professor Kevin Urama, African Development Bank Chief Economist and Vice President presented key findings from the report, Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa.

Leaders emphasized that a proper valuation of Africa’s natural resources would transform the continent’s financial landscape by unlocking access to global financial flows, improving national risk profiles, and creating new capacity for investments in green economies and climate-resilient infrastructure.

This call to action comes ahead of the November UN Climate Change Conference in Belém, Brazil, where African leaders are expected to press for reforms to the global economic and financial infrastructure, so these better reflect Africa’s green wealth and sustainability contributions.

“It is time for us to redefine our identity as Africa,” said Nigerien Prime Minister Ali Lamine Zeine in a panel discussion on practical steps towards implementing the 2025 System of National Accounts (SNAs) in Africa. “Africa is underestimated. We must work strategically to change this.”

Africa’s green wealth and the important global public goods and ecosystem services it provides to the world are often overlooked in economic valuations

Panelists noted that several African countries still use SNAs dating back to 1968. SNAs are an international standard system of concepts and methods  for national accounts that have been adopted by most countries worldwide.

Madagascar’s Minister of Economy and Finance Rindra Rabarinirinarison called for more robust technology transfer and technical capacity building to enable African countries to build proper statistical systems for natural capital. She outlined that Madagascar has launched pilot projects to leverage and measure the value of its natural resources.

“Madagascar is a rich country but not rich,” she lamented, pointing to the country’s abundant natural resources.

Erich Strassner from IMF’s Statistics Department described the report as transformational and assured that the Fund was ready to work with the African Development Bank, the World Bank, and governments to implement its recommendations. He emphasized the need to focus on priorities in each country, “so that together we can put together a plan to bring each country up to speed on the new system of national capital evaluation.”

Quoting African Development Bank figures, Ambassador Suda-Mafudze observed that if countries rebased their GDP based on carbon sequestration by forests alone, the impact would be substantial, with estimated GDP increases of 38.2% in Côte d’Ivoire, 36.7% in Benin, and 33.5% in Niger. “We need to ensure a proper valuation of Africa’s green wealth. When we know the value of this significant asset base and incorporate its true value into our national accounts, we improve our economies’ risk profiles and enhance access to financial flows for financing our development,” the Ambassador said.

In his presentation, Vice President Urama pointed to the massive economic value of Africa’s natural resources—estimated at $6.2 trillion in 2018—and the fact that the continent accounts for 26% of global forest-based carbon capture despite contributing only 4% of global carbon emissions.

“Africa’s green wealth and the important global public goods and ecosystem services it provides to the world are often overlooked in economic valuations,” Urama said. “This significantly underestimates African countries’  gross domestic product, despite abundant green wealth.”

He said that in addition to natural capital, ecosystem services and informal economic activities were also not factored into GDP. Revaluing these assets through Natural Capital Accounting (NCA) and the updated System of National Accounts, which includes the informal sector, could significantly increase Africa’s GDP and improve access to sustainable finance, Urama noted.

“This is not just about correcting statistics. It’s about ensuring comparability of the measures of countries’ GDP in Africa and globally. By updating the System of National Accounts in countries, we can ensure that the basket of goods and services included in the measure of GDP of countries is the same, and avoid comparing oranges and  apples,” Urama said

He called on African countries to allocate appropriate budgets to upgrade their National Accounting Systems and rebase their GDPs, noting that “this is a smart investment that can deliver low-hanging fruit.”

The Executive Secretary of the African Economic Research Consortium, Prof. Victor Murinde, described the new model developed by the African Development Bank as transformative.

“It is a bold step to address a methodological gap in how the GDP of countries is measured to consider the true wealth of nations. Its recommendations provide rich materials for economists to work on in the coming years to improve the methodology for assessing the wealth of nations,” he remarked.

The African Development Bank expressed a commitment to work with the World Bank, the IMF, and other partners to implement the recommendations of the report. It is also advancing practical steps that include creating standard methods to value natural resources, connecting environmental goals with other policies, training local experts across Africa, and helping African countries sell their environmental benefits in worldwide carbon markets. The Bank Group will also host the African Natural Capital Accounting Community of Practice

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

Business

Port Community Systems (PCS) as the crisis backbone: how trade disruption makes digital port infrastructure non-negotiable (By Alioune Ciss)

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Port Community Systems

With PCS, ports can dynamically allocate resources, adjust workflows, and reprioritize cargo flows using real-time data and coordinated processes

DUBAI, United Arab Emirates, May 19, 2026/APO Group/ —By Alioune Ciss, Chief Executive Officer, Webb Fontaine (https://WebbFontaine.com).

When global trade flows normally, Port Community Systems (PCS) are often viewed as efficiency tools. They digitize paperwork, connect stakeholders, reduce delays, and improve visibility across port ecosystems. However, the true impact and strategic importance of PCS become most apparent when a crisis hits.

Whether caused by geopolitical conflict, canal restrictions, rerouted shipping lanes, cyber risk, labor disruption, or sudden regulatory shifts, modern supply chain shocks remind us that ports without strong digital coordination struggle to adapt, whereas ports with robust PCS infrastructure are better positioned to keep cargo moving. In today’s environment, PCS has become a critical infrastructure.

Disruption is not an exception anymore

Global maritime trade has entered a more volatile era where disruption is structural. Let’s review the recent events to understand the scale of impact:

  • Around 2,000 ships were reportedly stranded during the recent Strait of Hormuz (https://apo-opa.co/4dii0lb) crisis.
  • The Red Sea crisis (https://apo-opa.co/4dz5gFA) led to more than 190 attacks on vessels by late 2024, forcing widespread rerouting and increasing transit times by up to two weeks.
  • The Suez-linked corridor (https://apo-opa.co/4dz5gFA), which carries roughly 10–12% of global maritime trade, experienced sharp volume declines during the disruption.
  • Supply chains across the Middle East, Africa, and Europe faced cascading effects, including congestion, cost increases, and schedule instability.

At the same time, the global port industry itself is undergoing rapid transformation. According to the International Association of Ports and Harbors (IAPH), ports are accelerating digitalization and strengthening resilience capabilities in response to geopolitical and operational uncertainty. This is the new reality: routes shift, volumes spike, and conditions change faster than traditional systems can handle.

Why PCS matters most during a crisis

When vessel schedules collapse, or cargo volumes suddenly spike, physical infrastructure alone is not enough. Cranes, berths, gates and yards also need coordination. That is where PCS becomes the backbone of resilience.

A PCS is not just a digital tool; rather, it’s a shared operational layer. It connects shipping lines, terminals, customs, freight forwarders, transport operators, and authorities through a single data environment, enabling synchronized decision-making across the ecosystem.

Instead of exchanges through emails, phone calls, Excel files, or siloed systems that generate delays and errors, the PCS enables seamless and real-time coordination.

1. Real-time visibility across the ecosystem

When vessels are delayed or rerouted, fragmented communication becomes a liability.

PCS enables real-time visibility across:

  • vessel arrivals and berth planning
  • cargo status and documentation
  • customs readiness and inspections
  • gate operations and inland logistics

Instead of fragmented updates, stakeholders operate from a shared, trusted data environment.

When shipping lanes shift overnight, policies change, and when uncertainty increases, the strongest ports are the ones that are the most ‘connected’

In a crisis, the speed of information becomes the speed of recovery.

2. Faster decision-making under pressure

Sudden disruptions create immediate operational stress:

  • surges in transshipment volumes
  • yard congestion risks
  • inspection bottlenecks
  • inland transport delays

Without digital coordination, responses are reactive and slow.

With PCS, ports can dynamically allocate resources, adjust workflows, and reprioritize cargo flows using real-time data and coordinated processes.

3. Customs and border continuity

Cargo cannot move if border agencies cannot move.

According to joint guidance from the World Customs Organization (WCO) and International Association of Ports and Harbors (IAPH), interoperability between Customs systems and PCS is essential for coordinated border management, risk control, and secure data exchange (https://apo-opa.co/3PLcs9P).

In crisis conditions, this becomes critical. Governments must introduce new controls, risk filters, or emergency procedures quickly, without disrupting trade flows. PCS enables this  balance.

4. Trust and transparency for the market

Importers, exporters, and carriers can tolerate disruption more than uncertainty. What they need is visibility.

PCS provides transparency across the supply chain, allowing stakeholders to track cargo status, anticipate delays, and plan accordingly. This transparency builds trust and reduces the systemic risk of panic-driven inefficiencies.

Operational resilience is the key

As we all know, the classic PCS discussions focus on key KPIs such as:

  • reduced turnaround time
  • fewer documents
  • lower administrative cost
  • faster truck processing

But today, the most important KPI is “readiness”: If a major trade corridor shifts tomorrow, can your port ecosystem adapt in real time?

To answer “Yes” to this question, a future-ready PCS should include:

  • real-time event management
  • integrated stakeholder communication
  • predictive congestion alerts
  • interoperability with customs and regulatory systems
  • scalable architecture for demand spikes

“For years, ‘efficiency’ was key when it comes to PCS. However, today, the key is ‘resilience’… When shipping lanes shift overnight, policies change, and when uncertainty increases, the strongest ports are the ones that are the most ‘connected’… Therefore, we should treat PCS as a crisis backbone of trade, not an IT efficiency initiative.
[Alioune Ciss, CEO, Webb Fontaine]

The Next Evolution: Intelligent PCS

PCS is now entering a new phase. Next-generation systems are evolving into data-driven platforms that support predictive analytics, AI-enabled decision-making, and proactive risk management (https://apo-opa.co/4eQ93Rg).

In other words, today, ports need systems that help orchestrate responses. Solutions such as Webb Ports (https://apo-opa.co/42F3gqq) from Webb Fontaine reflect this shift. By connecting all port stakeholders through a unified platform, anticipating congestion before it happens, simulating operational scenarios, and optimizing resource allocation dynamically, we enable faster coordination, better visibility and more agile responses when disruptions occur.

Distributed by APO Group on behalf of Webb Fontaine.

 

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Energy

Rand Refinery Joins African Mining Week (AMW) as Silver Sponsor Amid Regional Market Expansion Strategy

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Energy Capital

African Mining Week 2026 will showcase lucrative investment, partnership, and knowledge-exchange opportunities across Africa’s gold downstream sector, as Rand Refinery intensifies its investment and expansion strategy across the continent

CAPE TOWN, South Africa, May 19, 2026/APO Group/ –Amid a strategy to expand from a South Africa-focused refiner into a pan-African downstream leader, Rand Refinery has joined African Mining Week (AMW), an Influential African Mining Conference, scheduled for October 14-16, 2026 in Cape Town, as a silver sponsor.

Rand Refinery’s participation reflects a broader strategic alignment between the company’s expansion agenda and AMW’s focus on supporting and enabling local beneficiation and promoting artisanal and small-scale mining (ASM) responsible sourcing frameworks.

 

In terms of volumes, the latest market information indicates that Africa produces 1000tpa of mined gold (more than any other continent), with large-scale mining (LSM) and ASM being almost evenly balanced (500tpa production each). On its current trajectory, African ASM volumes are expected to eclipse those of LSM.

 

The focus on ASM as a transformational imperative is valid, and Rand Refinery is an active participant in the precious metals supply chain, working alongside other upstream and downstream actors to ensure that the communities and countries with gold resources benefit in a sustainable manner.

 

Under the theme Mining the Future: Unearthing Africa’s Full Mineral Value Chain, AMW 2026 offers a critical interface between refiners, miners, regulators, and financial institutions, as African countries intensify efforts to capture more value from responsible mineral production.

 

A key pillar of Rand Refinery’s 2026 strategy is its expansion into high-growth gold markets beyond South Africa. In January 2026, the company partnered with Ghana’s Gold Coast Refinery (GCR) to support the Ghana Gold Board to locally refine artisanal and small-scale (ASM) gold and elevate responsible sourcing standards in West Africa. The partnership also positions Rand Refinery in a rapidly growing and historically fragmented supply segment: ASM operations, enabling the company to enhance traceability and strengthen compliance with global standards for ethical sourcing and anti-money laundering.

 

The partnership potentially allows the monetization of ASM supply streams in the formal gold ecosystem, complementing Rand Refinery’s established role in refining output from responsible large-scale producers. AMW 2026 represents a timely platform for the company to provide an update on its projects and contribution to Africa’s gold sector.

 

As demand for regional refining capacity expands, along with central bank buying programs, companies such as Rand Refinery will be crucial.

 

Central bank gold purchases are projected to average around 585 tons per quarter in 2026, underscoring sustained global demand. In Africa, gold now accounts for approximately 17% of total reserves – up from less than 10% in 2022–2023 – while physical holdings increased from 663 tons in 2022 to an estimated 738 tons in 2025.

 

This upward trajectory is driving demand for trusted refining and value addition services, positioning Rand Refinery as a key partner in the region. Against this backdrop, AMW provides a strategic platform for central banks and gold buyers to engage directly with one of the world’s largest integrated single-site precious metals refining and smelting complexes and strengthen regional beneficiation and national reserve strategies.

 

At AMW, Rand Refinery executives will participate in panel discussions and networking sessions, engaging stakeholders on partnership opportunities that support a more integrated, transparent and value-driven African gold ecosystem.

Distributed by APO Group on behalf of Energy Capital & Power.

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Business

Applications open for the 2027 Meltwater Entrepreneurial School of Technology (MEST) Africa AI Startup Program

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Meltwater

Join a global community of AI entrepreneurs

ACCRA, Ghana, May 19, 2026/APO Group/ –The Meltwater Entrepreneurial School of Technology (MEST) (https://Meltwater.org), has opened applications for the second edition of the MEST AI Startup Program, a fully-funded, immersive experience designed to equip Africa’s most promising AI entrepreneurs with the technical, business, product, and leadership skills to build and scale globally competitive AI startups.

Over a seven-month training phase, the MEST AI Startup program will provide founders with hands-on instruction, technical mentorship, and business coaching from global experts to develop AI-powered solutions. The top startups will then advance to a four-month incubation period to refine products, sharpen go-to-market strategies, and secure market traction. At the end of incubation, startups have the opportunity to pitch for pre-seed investment of up to $100,000 and join the MEST Portfolio.

We are excited to support the next generation of African AI founders through training delivered by some of the most knowledgeable experts in the industry

The inaugural cohort brought together founders from seven African countries who are already building transformative AI solutions across industries. Building on the momentum of the first edition, the 2027 intake reflects MEST Africa’s continued commitment to ensuring African entrepreneurs play a defining role in the future of artificial intelligence.

According to Emily Fiagbedzi, AI Startup Program Director, the urgency of investing in African AI talent has never been greater.

“AI technology is advancing at an extraordinary pace, and meaningful participation in the global AI economy requires more than access to tools, it requires the ability to build,” she said. “This program is designed to help talented African founders develop solutions to real challenges while positioning them to compete globally. We are excited to support the next generation of African AI founders through training delivered by some of the most knowledgeable experts in the industry from organizations including OpenAI, Perplexity, Google, and Meltwater”

For the 2027 intake, the program is open to African founders based in Ghana, Nigeria, Senegal, and Kenya aged 21–35 with software development experience who want to start their own AI startup.

Apply now at https://apo-opa.co/3ReIQSI

Distributed by APO Group on behalf of The Meltwater Entrepreneurial School of Technology (MEST Africa).

 

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