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Africa’s Business Heroes Builds Out Vibrant Ecosystem of Partners and Judges

Entrepreneurs and small business owners will have until June 6 to apply for this year’s edition

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Business-Heroes

Entrepreneurs and small business owners will have until June 6 to apply for this year’s edition

KIGALI, Rwanda, May 25, 2022/ — The Africa’s Business Heroes (ABH) prize competition (https://AfricaBusinessHeroes.org) has expanded its ecosystem of partners and judges for its 4th edition. With a more robust partner and judge network in place, the ABH program will be able to better fulfil its mission of spotlighting and supporting entrepreneurs from all industries across the continent.  

Entrepreneurs and small business owners will have until June 6 to apply for this year’s edition. ABH is one of the Jack Ma Foundation’s flagship philanthropic programs. The official slogan for 2022, “It’s African Time”, is a bold call to action to all talented African entrepreneurs who are challenging stereotypes associated with “African time” – creating local impact and building a better, more inclusive future through their businesses.

ABH continues to deepen its partnership with anchor partners – The Room (www.TheRoom.com) (an initiative of the African Leadership International), SA Innovation Summit (SAIS) (https://InnovationSummit.co.za), RiseUp (www.RiseUpsummit.com), VC4A (https://VC4A.com/) and Ashesi (www.Ashesi.edu.gh). Alongside its anchor partners, ABH will provide applicants with a range of training and talent development programs.

ABH has also increased its pool of channel partners to influential stakeholders in Africa’s entrepreneurial ecosystem. These partners will bolster the program’s efforts in finding Heroes across Africa as well as providing participants with additional resources and support. The channel partner pool now includes African Management Institute (AMI) (https://AfricaBusinessHeroes.org), African Women Innovation and Entrepreneurship Forum (AWIEF) (www.AWIEForum.org), AfriLabs (https://Afrilabs.com/), Briter Bridges (https://BriterBridges.com), Disrupt Africa (https://Disrupt-Africa.com), ImpactHub Dakar (https://Dakar.ImpactHub.net), MEST Africa (https://Meltwater.org), Moroccan Center for Innovation and Social Enterprise (MCISE) (https://www.MCISE.org/) and Seedstars International (https://www.Seedstars.com).

  • “AfriLabs is committed to supporting programmes and interventions targeted at enabling entrepreneurs, creating a conducive environment for ventures to thrive while stimulating economic growth and social development in Africa. Through this partnership with ABH, we will leverage our Pan African community to scout business heroes from across the continent to stand a chance to be one of the finalists.” – Anna Ekeledo, Executive Director of AfriLabs
  • “Disrupt Africa is happy to partner with Africa’s Business Heroes and play a part in helping early-stage tech startups on the continent access vital funding and support. We will utilise our network and reach to ensure this valuable opportunity gets in front of as many founders as possible.” – Tom Jackson, co-founder of Disrupt Africa.
  • “In partnering with Africa’s Business Heroes, the Moroccan Center for Innovation and Social Entrepreneurship (MCISE) aspires to convey one of the best international and African opportunities to its community and beyond. This endeavor draws on the MCISE’s previous efforts since 2012 to foster social entrepreneurship in Morocco and provide an opportunity for Moroccan entrepreneurs to broaden their projects to a continental scale.” – Nafaa Hanane, Communication and Marketing Manager of MCISE.
  • “At Seedstars, our mission has always been to create a positive impact in emerging markets, so this partnership with ABH is something our team is excited about. The African startup ecosystem is beaming with opportunities and we’re thrilled to be one of the organizations helping further enable its growth.” – Lina Ng’inja, Head of Partnerships in Africa for Seedstars.
  • “The African Management Institute (AMI) is one of the leaders in business learning across Africa. We believe that skilled people build thriving businesses, thriving businesses create quality jobs, and quality jobs drive prosperity and dignity. That is why are very excited about our new partnership with Africa’s Business Heroes, an initiative of the Jack Ma Foundation. Behind each thriving business is a hero and team of people growing Africa’s economy and prosperity, one success at a time,” said – Patricia Maina, Partnerships & Gender Lead at AMI. “AMI and ABH’s missions are uniquely aligned, and together, we are committed to enabling ambitious African entrepreneurs across the continent to thrive, turning Africa’s business heroes into Africa’s business superheroes.”

Ventureburn, Ventures Africa and AfterSchool Africa will also support ABH’s efforts in amplifying the ongoing call for applications. In addition, ABH is expanding its community of Judges who will help narrow down applications received to the Top 50, Top 20 and Top 10.

ABH Judges currently include senior professionals from companies such as Facebook, Mastercard, Liquid Intelligent Technologies, VC firms as well as established entrepreneurs such as Dr. Anino Emuwa of Avandis Counslting and Rafeh Saleh of Cubit Ventures. Seasoned entrepreneurs, VCs, academics and business professionals from all sectors are invited to join the ABH community of judges here (https://AfricaBusinessHeroes.org).

Current judges reflected on their experience with ABH and are encouraging others to join ABH as fellow judges.

  • “Being an ABH judge was an exciting, inspiring, and humbling experience for me. I learned a lot and it was a great opportunity to share my knowledge and expertise with the applicants and my fellow judges. Most of all, it was an honour to watch and support such committed change-makers across the continent, they are all true heroes,” says Adaora Ikenze, Head of Public Policy, West Africa at Facebook.
  • “Exceptional young entrepreneurs and fresh ideas! Judging and mentoring through ABH is a great way to give back, while also learning about new trends and business models emerging throughout the continent,” says Matthew Grollnek, Consultant – Venture Fund Lead, Mastercard Foundation.

ABH is currently calling for all entrepreneurs, start-ups and business owners across the continent and every sector, age group, and gender to submit their application – in either French or English – for a chance to become one of the Top 10 finalists. Applicants for this year’s ABH competition (https://AfricaBusinessHeroes.org) have less than three weeks to throw their hats in the ring for their chance to win a share of the US$1.5 million grant. To date, the competition has already attracted applications from all 54 African countries for the third consecutive year.

In addition to a cash grant, applicants will also gain access to mentoring, networking, and publicity opportunities for their ventures. All applicants also have access to training and scaling opportunities across a vast range of business disciplines in the form of webinars, presentations, and events.  They can also take advantage of the competition’s ABH Community Lead program, which gives them access to Heroes from the competition across the years.

To apply to the 2022 Africa’s Business Heroes competition, enter your application on ABH’s official site (https://bit.ly/3Ngq1rT). You can also follow Africa’s Business Heroes (ABH) on LinkedIn (https://bit.ly/36KuX7A), Twitter (https://bit.ly/3wBUV7S), Facebook (https://bit.ly/37NRKQb) and Instagram (https://bit.ly/358i5Ye).

Distributed by APO Group on behalf of Africa’s Business Heroes (ABH).

 

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Congo Is Turning Reserves into Bankable Projects – and the Investment Window Is Opening

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Eni-led LNG expansion and ongoing deepwater investment are pushing the Republic of Congo’s energy sector toward more bankable projects ahead of the Congo Energy & Investment Forum 2027

BRAZZAVILLE, Congo (Republic of the), June 23, 2026/APO Group/ –With LNG exports set to triple to 3 mtpa, upstream oil production targeting 500,000 bpd and a renewed push on local content, the Republic of Congo is positioning itself as one of Central Africa’s most investable hydrocarbon markets. Under the leadership of the newly-appointed Minister of Hydrocarbons, Stev Simplice Onanga, the country is prioritizing industry growth by balancing local content with reserve replacement and project advancement.

 

What sets Congo apart is not the scale of its reserves, but the pace at which those reserves are being turned into commercially viable projects. From Eni’s LNG expansion and TotalEnergies’ deepwater developments to brownfield optimization by Trident Energy and output growth at Ammat Global Resources, capital is flowing into projects with clearer monetization pathways and nearer-term returns.

Ahead of the Congo Energy & Investment Forum (CEIF) 2027 – the country’s leading platform for energy investment and partnerships – the story is shifting away from frontier potential toward bankable projects already under development.

Policy Reform Is De-Risking Investment

Congo’s investment case is being reshaped by the alignment of resource base, regulatory reform and project delivery. Established oil production, expanding LNG capacity and fiscal adjustments are gradually reducing above-ground risk.

Recent reforms led by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo have added structure to the sector. The Gas Code, introduced in October 2025, formalizes fiscal terms for gas commercialization, while the Gas Master Plan prioritizes flaring reduction and gas-to-power deployment, targeting 1,500 MW by 2030.

A new upstream licensing round is also under consideration, aimed at attracting fresh capital into both mature and frontier acreage. Together, these measures are improving visibility across upstream, midstream and downstream segments, with recent project activity reinforcing the shift.

The Projects Driving the Next Cycle

Deepwater oil remains central to Congo’s production outlook, with operators progressing both new developments and brownfield optimization. TotalEnergies is advancing work at the Moho licence following the April 2026 Moho G discovery, backed by a $500–$600 million infill drilling program targeting about 40,000 bpd in incremental output.

Local independent Ammat Global Resources is targeting 70% production growth from its Loango and Zatchi fields, where reactivated wells and upgraded platforms have already lifted output by 75%. Perenco continues steady gains, adding roughly 6,000 bpd through its 2025–2026 drilling program.

Trident Energy, after acquiring an 85% working interest in the Nkossa and Nsoko II assets in 2025, is focused on extending field life through subsea optimization and redevelopment work.

While oil continues to anchor revenues, gas is rapidly emerging as Congo’s fastest-growing segment. Eni’s Congo LNG project delivered its first cargo from Phase 2 in February 2026, following the startup of the Nguya FLNG unit in December 2025. Together with Tango FLNG, capacity has risen from 0.6 mtpa to 3 mtpa. Trident Energy has also proposed an FLNG project aimed at adding further capacity across the country’s gas market. The project is expected to operate as shared infrastructure, allowing multiple operators to process gas from their respective fields. This creates an outlet for associated gas that might otherwise be stranded, supporting the country’s broader diversification goals.

Local Content Is Reshaping Investment Terms

Beyond upstream policy, Minister Onanga has positioned local content as a central pillar of Congo’s investment framework, and a key determinant of how capital is structured and deployed.

Decrees 2019-342, 343, 344 and 345 set requirements around subcontracting, workforce localization and training commitments, with the effect being a gradual shift in how projects are structured and how partnerships are formed. Operators are increasingly assessed not only on technical delivery but on in-country value creation, including partnerships with local firms and skills development. Logistics, maintenance and other service areas are increasingly channeled through domestic providers.

At CEIF 2027 – taking place June 1–3 in Brazzaville – attention will shift to what is moving forward and to the investors positioned to take part in that pipeline. Congo’s energy sector is no longer defined by potential alone: projects are moving, capital is being committed and policy is starting to catch up with activity on the ground.

As the Republic of Congo moves from reserves to revenue, the signal to investors is clear: this is already unfolding, not a future opportunity.

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

 

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Afreximbank secures double honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards for excellence in strategic communications

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The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event

CAIRO, Egypt, June 23, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been recognised with two prestigious honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards, one of the world’s most prestigious awards programmes for strategic communications.

 

The Bank received an Award of Excellence in Special and Experiential Events category for the Intra-African Trade Fair 2025 (IATF2025) held in Algiers, Algeria and an Award of Merit in the Social Media category for its Afreximbank Social Media Campaigns, reaffirming Afreximbank’s commitment to delivering impactful communications that advance its mandate of promoting trade, investment and industrialisation across Africa and the Caribbean.

We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communication

The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event. IATF2025 brought together governments, businesses, investors, buyers, sellers and entrepreneurs from across Africa and beyond, creating a platform for trade and investment opportunities while advancing the objectives of the African Continental Free Trade Area (AfCFTA). The communications campaign played a pivotal role in driving global awareness, stakeholder participation, media visibility and engagement before, during and after the event, while showcasing the scale, ambition and dynamism of African enterprise and reinforcing a positive narrative about Africa’s capacity to trade, industrialise and compete on the global stage. Over 120,000 delegates attended IATF2025 in person and virtually, with deals worth over US$50 billion recorded.

The Award of Merit for Afreximbank Social Media Campaigns recognises the Bank’s strategic use of digital platforms to engage stakeholders, amplify its developmental impact and elevate conversations around trade, industrialisation, economic integration and investment opportunities across Africa and the Caribbean. Through a combination of compelling storytelling, thought leadership content, executive advocacy, multimedia production and real-time event coverage, Afreximbank’s social media platforms have continued to expand their reach and influence among policymakers, businesses, investors, development partners and the wider public. Among these platforms is the Afreximbank TV, a digital TV channel that is wholly owned and managed by Afreximbank, whose fifth edition was celebrated with dedicated coverage of IATF2025, providing live coverage of the activities to both pan African and global audiences.

Anne Ezeh, Director & Global Head, Communications and Events at Afreximbank commented: “We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communications. As a pan African multilateral financial institution, we see storytelling as a powerful tool for advancing our mission — ensuring our initiatives, events, programmes and key announcements not only inform, but also inspire confidence, deepen engagement and amplify Africa’s transformation. These awards reinforce our resolve to continue delivering world-class communications that elevate African voices and projects a bold and authoritative narrative of the continent.”

Ms. Ezeh added that through innovative storytelling, digital engagement and integrated campaigns, the Bank will continue to amplify the impact of its programmes and partnerships  to project a more authentic narrative of Africa, one defined by opportunity, innovation, resilience and growing influence in the global economy.

For more than five decades, the IABC Gold Quill Awards have recognised excellence in strategic communications globally, celebrating programmes and campaigns that demonstrate measurable impact, innovation, creativity and outstanding execution. Widely regarded as the pinnacle of achievement in the communications profession, the awards are judged through a rigorous and independent evaluation process conducted by experienced communication leaders from around the world.

Distributed by APO Group on behalf of Afreximbank.

 

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Islamic Development Bank (IsDB) Institute Unveils 2025 Annual Report During Group Annual Meetings in Baku

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In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) has released its 2025 Annual Report during the 2026 IsDB Group Annual Meetings held in Baku, Azerbaijan, showcasing a year of expanded impact in Islamic finance transformation, innovative solutions, and capacity development.

 

The report highlights how IsDBI strengthened its role as a global knowledge leader by advancing innovative solutions and scaling support to Member Countries through knowledge-based interventions, Islamic finance grants, and strategic partnerships.

In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million, supporting countries in strengthening regulatory frameworks and promoting inclusive financial systems.

Since 2013, the Institute’s interventions in this regard have reached over US$27.57 million across 181 projects benefiting more than 34 countries, underlining its sustained contribution to development outcomes across the Islamic world.

I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem

The Annual Report highlights major progress in IsDBI’s three flagship transformative projects, namely Awqāf Free Zones, Digital Postal Islamic Financial Services, and Smart Countertrade System, which have all advanced to pilot-ready stages. These initiatives aim to address global challenges such as financial inclusion, food and energy security, and trade resilience.

Furthermore, the Institute accelerated its focus on digital innovation in Islamic finance, enhancing its Islamic Finance Artificial Intelligence Assistant (IFAA) and hosting its first AI Hackathon on Islamic Finance, engaging more than 40 teams in developing cutting-edge solutions aligned with industry standards.

Human capital development in Islamic finance also remained a cornerstone of IsDBI’s work in 2025, with the delivery of over 20 training programs reaching around 500 professionals across Member Countries. A key achievement in this area was the Entrepreneurial Mindset Development Program, a flagship initiative equipping emerging leaders from 20 countries with innovation-driven and values-based entrepreneurship skills. The program was designed and implemented in collaboration with Prince Mohammed Bin Salman College of Business and Entrepreneurship, Saudi Arabia.

The Institute also strengthened its thought leadership through flagship publications, global partnerships, and digital engagement, reinforcing its position as a leading voice in Islamic economics and finance.

Commenting on the issuance of the Annual Report, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said: “I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem by bridging knowledge creation, building human capital, and designing innovative solutions to address economic challenges.”

The 2025 Annual Report is accessible on IsDBI website here (https://isdbinstitute.org/product/isdbi-annual-report-2025/).

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

 

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