Connect with us
Anglostratits

Business

Cassa Depositi e Prestiti and SACE provide EUR250 Million to Africa Finance Corporation

Published

on

Africa Finance Corporation

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has secured a landmark EUR 250 million 10-year term loan facility from Cassa Depositi e Prestiti (CDP) the Italian Financial Institution for Development Cooperation. The transaction is backed by a guarantee from SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, covering up to 80% of the facility amount.

 

The financing builds on engagement at the Mattei Plan-Global Gateway summit, attended by Italian Prime Minister Giorgia Meloni, European Commission President Ursula Von der Leyen, CDP, SACE and AFC, where the parties confirmed their intent to collaborate. The facility is structured to cultivate Italian supply chain opportunities in infrastructure and renewable energy generation, including the supply of components for the Lobito Railway Corridor – a commercial railway line that will run through Angola and extend to the borders of Zambia and the Democratic Republic of Congo.

Our partnership with CDP, further strengthened by SACE’s guarantee, exemplifies the power of blended finance in unlocking capital for infrastructure development in Africa

This long-term facility deepens AFC’s strategic partnership with both CDP and SACE, while reinforcing its mandate to mobilise high-quality, long-tenor capital in support of delivering sustainable infrastructure across Africa.

“Cassa Depositi e Prestiti confirms its role as a strategic partner in supporting infrastructure projects with a high social and economic impact in Africa. With this financing – said Dario Scannapieco, Chief Executive Officer of CDP – we are strengthening business and technological relations between Italy and Africa, enhancing talent and innovation. We are convinced that investing in strategic projects not only creates new opportunities for our companies but also helps to build lasting and shared ties capable of fostering growth and well-being for local communities.”

 

“We are proud to contribute to the involvement of Italian companies in the transport and logistics sector to realise a significant strategic project like the Lobito Railway Corridor within the Mattei Plan,” said Alessandra Ricci, CEO of SACE“This collaboration reaffirms SACE’s commitment to promoting new connections for Italian companies seeking to diversify their exports and embrace new growth opportunities.”

Our partnership with CDP, further strengthened by SACE’s guarantee, exemplifies the power of blended finance in unlocking capital for infrastructure development in Africa,” said Banji Fehintola, Executive Board Member and Head, Financial Services, AFCThe Lobito Corridor is a transformational project that will open new trade routes for resources, support regional industrialisation, accelerate job creation and strengthen Africa’s position in global value chains, while delivering long-term, inclusive growth.

Distributed by APO Group on behalf of Africa Finance Corporation (AFC)

Home  Facebook

Energy

African Mining Week (AMW) to Spotlight Opportunities in Egypt Amid National Exploration and Beneficiation Drive

Published

on

Energy Capital

African Mining Week 2026 will connect global mining stakeholders and investors with emerging prospects within Egypt’s expanding gold, phosphate and critical minerals space as the country seeks to enhance output and local mineral beneficiation

CAPE TOWN, South Africa, May 4, 2026/APO Group/ –As Egypt increases mining’s contribution to GDP from about 1% today to 6% by 2030, the country is revamping its policies and infrastructure to create attractive opportunities for global partners. In line with this strategy, the upcoming African Mining Week (AMW) conference and exhibition – The Most Influential Mining Conference in Africa, scheduled for October 14–16, 2026 in Cape Town – will highlight emerging investment and partnership opportunities across Egypt’s mining value chain.

 

A country spotlight at AMW 2026 will bring together Egyptian regulators, project developers and international investors for discussions on the future of the sector while facilitating deal signings, partnerships and new project development opportunities.

Speaking to the event organizers ahead of the event in February 2026, Yasser Ramadan, Chairman of the Egyptian Mineral Resources and Mining Industries Authority (MRMIA), said Egypt intends to showcase opportunities in legislative reform, investment incentives, government–investor collaboration and mineral beneficiation during the conference.

National Geomapping Anchors Egypt’s Exploration Expansion Strategy

AMW 2026 will showcase investment opportunities within Egypt’s upstream sector as the country focuses on improving its geological insights to unlock untapped mineral resources. In March 2026, the country approved the rollout of a national geomapping initiative in partnership with Xcalibur Smart Mapping, marking the country’s first comprehensive aerial geological survey in more than 40 years.

While Egypt already holds estimated gold reserves exceeding 9 million ounces, along with approximately 660 million tons of iron oxide resources and extensive phosphate deposits, the geomapping exercise is expected to unlock new mineral deposits and position the country as an emerging exploration hotspot in North Africa.

Efforts are underway to unlock Egypt’s new drilling hotspots, with exploration activity – particularly in gold and silver – already accelerating investment flows into Egypt’s upstream mining sector. Companies including Barrick Gold, Shalateen Mineral Resources Company and Lotus Gold Corporation are advancing gold exploration across the Arabian-Nubian Shield, supporting the country’s strategy to expand gold output and capitalize on strong demand and prices in 2026. The government’s approval of 53 exploration and exploitation licenses in late 2025 further highlights its commitment to unlocking new investment opportunities in the exploration segment.

Digital Mining Platform to Accelerate Investment

Another major initiative expected to be showcased at AMW 2026 and aimed at strengthening Egypt’s investment climate is the launch of a digital mining platform and cadastre system, expected in the first half of 2026. The platform will enable investors to access geological data, evaluate exploration prospects and submit permit applications through a streamlined digital process, reducing administrative bottlenecks and accelerating project development timelines.

Building a Downstream Minerals Processing Industry

Beyond exploration and extraction, Egypt is prioritizing the development of downstream mineral processing infrastructure to capture greater value from its resources. Several projects are already underway, including a financing agreement with the African Export-Import Bank to establish an integrated gold value chain that supports domestic gold processing. MRMIA and mining companies Phosphate Misr and WADICO, together with China’s Xingfa Group, are evaluating phosphate ore, quartz and silica sand resources while studying the development of an industrial processing project in the Golden Triangle mining region. These projects and many other emerging opportunities within the downstream sector will be unpacked at AMW 2026.

AMW to Catalyze the Next Phase of Growth

As Egypt positions itself as a regional mining hub through regulatory reform, geological surveys, digital licensing systems and international partnerships, AMW 2026 will play an important role in advancing this progress. The event will connect global investors with Egyptian regulators and project developers, helping unlock new investment flows and partnerships that can drive the next phase of growth for Egypt’s evolving mining sector.

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

Continue Reading

Business

Aurionpro expands its multi-country transaction banking engagement with Diamond Trust Bank (DTB)

Published

on

Aurionpro

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers

MUMBAI, India, April 30, 2026/APO Group/ –Aurionpro Solutions Limited (www.AurionPro.com) (BSE: 532668 | NSE: AURIONPRO)a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries.

Download Document: https://apo-opa.co/4edHUaC

This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience, streamline operations, and support growing transaction volumes as it expands its regional corporate banking footprint. DTB continues to focus on building a more agile, ‘digital-first’ banking experience, particularly around payments for its corporate customers across Africa, and is now well positioned to scale these capabilities. As part of its broader transformation agenda, the bank has been steadily investing in platforms that enhance scale, reliability, and service consistency across markets.

Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers. By enabling DTB to standardize and scale its transaction banking operations across countries, the platform ensures consistent service levels, stronger control, and improved efficiency. It also supports enhanced user experience, advanced security, and the flexibility to introduce new features as DTB expands its regional transaction banking footprint.

Murali Natarajan (https://apo-opa.co/48trPdk), Managing Director & CEO, DTB Kenya   commented: “We are delighted to strengthen and broaden our partnership with Aurionpro Solutions as part of DTB’s ongoing digital transformation journey across multiple markets. Our focus on innovation, operational excellence, and customer-centricity continues to guide our technology investments. This upgrade strengthens our transaction banking capabilities, enabling us to deliver greater value to our customers through robust digital channels and seamlessly integrated experiences.”

Ashish Rai, Group CEO, Aurionpro Solutions, commented: “We are pleased to deepen our multi-country engagement with Diamond Trust Bank and support the next phase of its transaction banking modernization. As DTB continues to scale across markets, platform resilience and consistency become paramount. Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility, deliver superior experiences to corporate customers, and create long-term value across geographies.”

He added, “Aurionpro’s iCashpro lays a strong digital foundation for transaction & wholesale banks across the globe to grow their corporate and SME client portfolio today, while creating a clear roadmap for next- generation capabilities in AI-driven insights, advanced automation and API-led connectivity for businesses in Kenya and across Africa.”

Distributed by APO Group on behalf of Aurionpro Solutions Ltd.

 

Continue Reading

Business

Minerals Council Chief Executive Officer (CEO) Joins African Mining Week (AMW) as South Africa Improves Sectorial Investment Climate

Published

on

Energy Capital

Minerals Council CEO to share insights on policy, infrastructure and investment trends shaping South Africa’s mining industry

CAPE TOWN, South Africa, April 30, 2026/APO Group/ –The upcoming African Mining Week (AMW) conference will feature Mzila Mthenjane, CEO of the Minerals Council of South Africa, as a speaker. Scheduled for October 14 – 16, 2026 in Cape Town, the event will bring together global investors, policymakers and industry leaders, with Mthenjane’s participation highlighting the council’s commitment to engaging international stakeholders and promoting investment across South Africa’s mining sector.

His participation comes at a critical moment as the Minerals Council works closely with government on finalizing the Mineral Resources Development Bill 2025, a policy framework aimed at strengthening the country’s mining investment climate and the sector’s contribution to GDP. According to the council, the revised legislation will support new investment across the value chain as South Africa seeks to mobilize R2 trillion over the next five years to unlock its critical minerals potential.

The policy reforms come amid shifting production trends in the sector. In 2025, South Africa recorded declines in gold and platinum group metals output of 1.9% and 4.1%, respectively. The new regulatory framework is expected to strengthen public-private partnerships and stimulate investment, enabling South Africa to increase production and capitalize on strong global commodity prices. Increased private sector investments is crucial with South Africa seeking targeting to unlock an estimated R40 trillion in untapped iron ore potential as well as maintain its position as the world’s leading producer of chrome and manganese.

At AMW 2026, Mthenjane is expected to outline these trends, providing insights into how the council is contributing to addressing challenges disrupting the sector. Infrastructure and energy costs remain key concerns for industry players. To support the energy-intensive sector, South Africa approved a 35% reduction in electricity tariffs for major ferrochrome producers, helping stabilize an industry that has faced significant cost pressures after electricity prices surged by roughly 900% since 2008.

Logistics constraints are also a priority area for reform. South Africa’s economy is losing an estimated R1 billion per day due to inefficiencies across rail and port infrastructure. As a result, the government is considering measures supported by the Minerals Council to increase private sector participation in logistics. Planned reforms include rail modernization initiatives targeting 250 million tons of freight capacity by 2029, alongside port upgrades and private operator participation aimed at strengthening mineral exports and improving supply chain efficiency.

Beyond infrastructure and policy reforms, the Minerals Council is advocating for stronger exploration investment to support long-term industry growth.

At AMW, Mthenjane is expected to highlight these developments and outline the steps required to reinforce South Africa’s position in the global minerals supply chain. His insights will offer investors and stakeholders a timely perspective on opportunities within the country’s mining sector.

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

Continue Reading

Trending