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BONI is confident agreement will soon reached over Investrust to ensure Zambia’s international reputation remains intact

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BONI

Advanced discussions between BONI, Afreximbank and Investrust Senior Management to secure the investment were already in place and shared with ZCCM-IH, the largest shareholder of Investrust

LUSAKA, Zambia, December 9, 2024/APO Group/ — 

International bank BONI (www.BONILtd.com) notes media coverage around the Company’s historical investment in Investrust Bank Plc (“Investrust”), a bank based in Zambia.

It has been widely reported and acknowledged by the Bank of Zambia, that regulatory delays meant BONI was never recognised as a shareholder in Investrust. This despite more than three years elapsing following the first purchase of shares.

Had BONI been allowed to take up an Investrust Board seat, to which it should have been entitled, new capital would have been brought into Investrust. Advanced discussions between BONI, Afreximbank and Investrust Senior Management to secure the investment were already in place and shared with ZCCM-IH, the largest shareholder of Investrust. This would have averted any crisis at Investrust at no cost to Government or the sacking of staff and disruption of so many lives.

BONI now sits at the centre of a dilemma. Despite purchase of shares since 2021 through registered broker Pangea Securities Limited on the Lusaka Securities Exchange (LuSE), the Bank of Zambia advised BONI, some three years later it is not and was never recognised as a shareholder.

Regarding the transaction, a spokesperson for BONI, said:

Investors must feel comfortable and confident that their investment in Zambia remain safe and safe, at all times

“The facts in the public domain are that BONI between 2021 and 2022, bought through a licensed regulated broker, Pangae Securities Limited, a significant shareholding in Investrust through the Lusaka Securities Exchange.

“We are sensitive to the plight of the really hard-working professionals at Investrust that we’ve gotten to know over the years. Our prayers are with them and we wish each of them well.

“What is clear here is that a mistake was made. We are in communication with relevant stakeholders and are confident that mechanisms for BONI to be fully compensated will be agreed by year end.

“It is important that a line is drawn under this matter. Investors must feel comfortable and confident that their investment in Zambia remain safe and safe, at all times. Mr President has done a extraordinary job galvanising and reassuring the investment community that Zambia is open for business. His efforts underpin the current investment momentum Zambia is enjoying. This incident must not be allowed to fester and or pollute that investment narrative.”

Regarding investing in Zambia:

“Its land-linked attributes and stable political environment, makes Zambia an extraordinary hub and provides an opportunity to reach 380 million regional consumers with its eight direct neighbours alone. These attributes were front and centre of our thinking when considering Investrust as an investment proposition.”

Zambia is ‘open for business’. That carries a responsibility to shield investors from being caught in the cross-fire of regulatory mistakes that call into question the fair treatment of investors and their investments, as well as the healthy operation of the Securities Exchange (LuSE) and the Securities Commission. Perception for investors is everything.

Distributed by APO Group on behalf of BONI.

Business

Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

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Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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ORUN and 1xBET Partner to Support a Dynamic Creative Africa

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MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

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MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

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MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

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