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Conclusions of the 29th session of United Cities and Local Governments of Africa’s Executive Committee in Kisumu

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Ibrahim Saber Khalil

Members received from the Deputy Governor Of Cairo, Mr. Ibrahim Saber Khalil, the assurance that Africities 2025 in Cairo will follow in the footsteps of Kisumu

KISUMU, Kenya, June 9, 2023/APO Group/ — 

The 29th ordinary session of the Executive Committee of United Cities and Local Governments of Africa (UCLG Africa) (http://www.UCLGA.org) took place on June 3rd 2023, at Ciala Resorts in Kisumu (Kenya).

The proceedings were led by Mrs. Fatimetou Abdel Malick, President of the Region of Nouakchott (Mauritania) and President of UCLG Africa, in the presence of 12 of the 18 members of the Executive Committee.  In her introductive speech, she expressed her joy « to return to Kisumu, the city that hosted the last Africites Summit during which the current members of the Executive Committee of UCLG Africa were elected. We can never thank enough the Governor of Kisumu County, The Council of Governors of Kenya and the Government of Kenya, for the quality of the welcome we received at the Africities Summit and for the resounding success of this 9th edition of the Summit with over 13,000 delegates, a participation record broken, even though the Summit was being held in an intermediate city for the very first time. Once again, thank you and bravo! ».

Governor of Kisumu, Prof. Peter Anyang’ Nyongo’o, welcomed participants and particularly, the Deputy Governor of Cairo : « This meeting brings back nostalgic feelings when the family of decentralized governments gathered here last year for the Africities conference. It is indeed a privilege and honor for this honorable Committee to have chosen Kisumu for this 29th Session. Let me take this opportunity to recognize in a special way, the Deputy Governor of Cairo Governorate who are the flag bearers for the next Africities to be held in 2025 ».

Members received from the Deputy Governor Of Cairo, Mr. Ibrahim Saber Khalil, the assurance that Africities 2025 in Cairo will follow in the footsteps of Kisumu.

The 29th session of the Executive Committee was mainly devoted to the approval of the 2022 financial accounts of the organization and review the implementation of the 2023 UCLG Africa action plan in consistency with the 2021-2030 development strategy of UCLG Africa, also known as the Governance, Advocacy Program for Decentralized Development in Africa (GADDEPA 2.0).

The Executive Committee adopted the 2022 financial report and audit accounts of the organization, and gave discharge to the Secretary General of UCLG Africa, Mr. Jean Pierre Elong Mbassi, for the management of the financial year 2023.

This meeting brings back nostalgic feelings when the family of decentralized governments gathered here last year for the Africities conference

On the Climate Agenda, the Executive Committee acknowledged with satisfaction that UCLG Africa has succeeded to put subnational and local governments on the map as far as climate action is concerned. In fact, UCLG Africa is from now on the representative of subnational and local governments on the implementation platform of the Africa Ministerial Conference on Environment (AMCEN) and delivery partner of the Green Climate Fund (GCF). Also UCLG Africa  has  partnered with the African Ministerial Conference on the Environment (AMCEN) and the Pan African Climate Justice Alliance (PACJA) to launch the “African Green Climate Finance National Designated Authorities Network” (AfDAN). For the first time also, at the Biodiversity COP15 in Montreal, UCLG Africa has succeeded in carrying the voice of African subnational and local governments in the debates on the implementation process of the post-2020 global biodiversity framework, integrating the Nagoya protocol on access and sharing of genetic resources. 

Concerning the Agenda of Culture, UCLG Africa led a series of events in the framework of the celebration of Rabat, African Capital of Culture, organized under the High Patronage of His Majesty, King Mohammed VI. The activities of the celebration were implemented within the framework of a collaboration between the Ministry of Youth, Culture and Communication of Morocco, the City of Rabat, and UCLG Africa. Among more than hundred activities, three very relevant were mentioned: In partnership with the Movement of Creative Africas (MOCA), a major festival gathered over 40 representatives of networks of professionals of Cultural and Creative Industries (CCIs) to reflect on the present and future of CCIs; a Forum of Mayors and Leaders of Local governments on Culture that brought together over 100 delegates, and during which the City of Lagos, Nigeria, applied to be the second African Capital of Culture. The deadline for African cities to submit their candidacy is on June 30th, 2023, and the designation of the African Capital of Culture by the competent UCLG Africa bodies will take place at the end of July 2023; the Meeting of African Ministers of Culture that gathered 30 ministerial delegations, and promised to share the resolutions adopted to the African Union Specialized Technical Committee on Culture during its meeting which took place in Addis Ababa, Ethiopia, on 24-26 May 2023. Delegates that participated in these different events praised the instrumental and facilitating role played by UCLG Africa in the organization of the celebration of Rabat, African Capital of Culture, and for its effort to have culture recognized as the fourth pillar of sustainable development beside the economic, social and environmental pillars.

The Executive Committee also acknowledge progress made in the implementation of the Africa Territorial Trade and Investment Agency (ATIA), the vehicle set up to facilitate  access of subnational and local governments to the capital market. 

The Executive Committee further approved the organization of annual or biennal exhibitions and conferences on the mandates of subnational and local governments and their proposed venues as following: (1) in the City of Tangiers, Morocco, for the Exhibition and Conference on the management of mobility, urban transport and logistics in African cities (TRANSLOG), the first edition to take place in October 2023; (2) in the City of Kisumu, Kenya, for the Exhibition and Conference on the management of Basic Education in African cities, in January 2024;  (3) the City of Cairo, Egypt, for the Exhibition and Conference on Waste management in African cities, in February 2024; (3) again in the City of  Cairo, Egypt, for the Exhibition and Conference on the management of Water and Sanitation services, in May 2024.

A presentation of the partnership between the African Export-Import Bank (Afreximbank) and UCLG Africa, was made. The goal of this MoU is to improve the level of investments at the sub-sovereign level of governance. The Executive Committee appreciated this initiative and indicated that the Africa Territorial Trade and Investment Agency (ATIA) form integral part of the activities to be implemented under the MoU between Afreximbank and UCLG Africa.

This 29th session of UCLG Africa Executive Committee registered the participation for the first time of the network of the Young Elected Local Officials of Africa (YELO), whose Constitutive Assembly was held in Tangier On October 31, 2022.

As a reminder, the Executive Committee of UCLG Africa is the body in charge of the political leadership of the organization. The Executive Committee is composed of 18 members, 15 members elected by the General Assembly of UCLG Africa (3 for each of the 5 regions of Africa), and 3 members ex-officio, namely, the President of the Network of Locally Elected Women of Africa (REFELA) which is the UCLG Africa Standing Committee for Gender Equality; the President of the Forum of the Regions of Africa (FORAF); and the President of the network of the Young Elected Local Officials of Africa (YELO).  

Distributed by APO Group on behalf of United Cities and Local Governments of Africa (UCLG Africa).

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20th Islamic Development Bank (IsDB) Global Forum on Islamic Finance to Convene in Azerbaijan

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IsDBI

Marking its 20th edition, the forum serves as a flagship platform for high-level dialogue, convening policymakers, regulators, development practitioners, academics, and industry leaders to advance innovation and development in Islamic finance

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) will host the 20th IsDB Global Forum on Islamic Finance in Baku, Azerbaijan on 17 June 2026 under the theme “Achieving Sustainable Prosperity through Islamic Finance,” in conjunction with the IsDB Group Annual Meetings.

 

Marking its 20th edition, the forum serves as a flagship platform for high-level dialogue, convening policymakers, regulators, development practitioners, academics, and industry leaders to advance innovation and development in Islamic finance. This year’s forum will focus on strengthening regional integration and unlocking sustainable growth across IsDB member countries through Islamic finance solutions.

The forum will examine how Islamic finance can help address structural development challenges, including “development traps” that constrain inclusive growth and resilience. It will also highlight innovative Islamic social finance mechanisms, particularly Awqaf Free Zones, as tools for mobilizing sustainable resources to support food and energy security.

Key highlights of the forum include keynote speeches, launch of a new report on the prospects of Islamic Finance in Azerbaijan alongside other flagship publications, announcement of a memorandum of understanding between IsDBI and Labuan Financial Services Authority, distinguished panel discussion sessions, and unveiling of top achievers in the Applied AI in Islamic Finance Competency Challenge.

H.E. Taleh Kazimov, Governor of the Central Bank of the Republic of Azerbaijan, will deliver the first keynote speech, followed by Eng. Adeeb Yousuf Al Aama, Chief Executive Officer of ITFC, whose speech will be on behalf of the IsDB Group. Dr. Sami Al-Suwailem, Acting Director General of IsDBI, will deliver the welcome remarks.

The first panel session will explore how Islamic finance can help countries overcome development barriers and achieve sustainable economic transformation. The panelists include Mr. Shahin Aydin Mahmudzade, Executive Director, Central Bank of Azerbaijan; Mr. Adnan Zaylani, Deputy Governor, Bank Negara Malaysia; Ms. Mihoko Kumamoto, Director, Division for Prosperity, UNITAR; Dr. Bambang Brodjonegoro, Dean, Asian Development Bank Institute; and Dr. Areef Suleman, Chief Economist, IsDB Group. The session will be moderated by Mr. Mustafa Adil, Head of Islamic Finance, London Stock Exchange Group.

The second panel session will examine innovative approaches to mobilizing Islamic social finance, particularly through Awqaf Free Zones, to address global food and energy challenges. The speakers include Mr. Valeh Alasgarov, Chairman of the Board, AFEZ Authority, Azerbaijan; Dr. Mansur Muhtar, Chairman of the Board, Bank of Industry, Nigeria; Professor Emeritus Dato’ Dr. Azmi Omar, President & CEO, INCEIF University; and Mr. Orkhan Vidadi oglu Mammadov, Chairman, Small and Medium Business Development Agency of Azerbaijan (KOBİA). The session will be moderated by Mr. Yahya Rehman, Associate Manager, IsDBI.

The forum is expected to generate actionable recommendations, strengthen partnerships, promote stakeholder collaboration, and advance innovative, AI-enabled tools to support the growth of Islamic finance globally.

More information about the forum is available on IsDBI website here.

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

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PROÁGUA Receives TXF Water Export Finance Deal of the Year 2025 Award

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PROÁGUA

Landmark €200 Million Financing for Angola’s National Water Infrastructure Program Recognized for Excellence in Export and Agency Finance

FRAUENFELD, Switzerland, June 11, 2026/APO Group/ –Mitrelli (https://Mitrelli.com), together with HSBC, Deutsche Bank, Bpifrance Assurance Export, SERV, and SUEZ, has been recognized with the TXF Water Export Finance Deal of the Year 2025 award for the complex financing structure supporting Angola’s PROÁGUA national water infrastructure program, developed in partnership with the Ministry of Finance of Angola. The award is one of the export and project finance industry’s most prestigious distinctions, recognizing excellence and innovation in structuring complex infrastructure financing solutions.

 

The award was presented at the annual TXF Global Export, Agency & Project Finance event on June 10, in Prague, Czech Republic, one of the leading gatherings of the global export and project finance community.

The award-winning €200 million financing structure reflects the close collaboration between Mitrelli and leading financial and industrial partners of HSBCDeutsche BankBpifranceSERVSUEZ, combining export credit support and commercial financing into a complex, innovative financing solution for critical water infrastructure at scale in Angola.

 We are proud to see PROÁGUA recognized by the global export finance community and to have worked alongside world-class partners

PROÁGUA is a national-scale water infrastructure program designed to expand access to clean and reliable water across Angola, supporting the country’s long-term development priorities and improving quality of life for millions of citizens.

Rodrigo Manso, CEO of Mitrelli, said: ” We are proud to see PROÁGUA recognized by the global export finance community and to have worked alongside world-class partners – HSBC, Deutsche Bank, Bpifrance Assurance Export, SERV, and SUEZ – and the Government of Angola. This award recognizes the sophisticated financing structure behind the project and demonstrates how collaboration across public and private sector stakeholders can unlock critical infrastructure at scale.”

Tzahi Malach, VP Structured Finance at Mitrelli, said: “This award reflects the depth of collaboration required to structure financing for national-scale infrastructure. PROÁGUA demonstrates how export credit support, commercial financing and strong partnerships can come together to deliver bankable solutions for projects with significant development impact.”

For Mitrelli, the recognition highlights the growing importance of financing as a catalyst for development. As countries pursue ambitious infrastructure agendas, innovative financing solutions are increasingly essential to aligning government priorities, development objectives, and commercial realities. PROÁGUA demonstrates how complex structured finance can transform national priorities into implementable projects with lasting social and economic impact.

Mitrelli extends its appreciation to the Government of Angola for its continued trust, and to all partners involved in advancing this landmark transaction.

Distributed by APO Group on behalf of Mitrelli Group.

 

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Africa’s Business Heroes Unveils 2026 Top 100 Entrepreneurs Selected from Over 24,000 Applications Across Africa

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Africa’s Business Heroes

Expanded cohort reflects the scale, diversity, maturity, and economic impact of African entrepreneurship

KIGALI, Rwanda, June 11, 2026/APO Group/ –Africa’s Business Heroes (ABH) (www.AfricaBusinessHeroes.org), the flagship philanthropic initiative of the Jack Ma Foundation and Alibaba Philanthropy, has unveiled its 2026 Top 100 entrepreneurs, selected from more than 24,000 applications from all 54 African countries.

Download Infographic: https://apo-opa.co/4v3n7w5

For the first time in ABH’s history, the competition has expanded its first round of finalists from a Top 50 to a Top 100 cohort, creating more visibility and opportunity for entrepreneurs across regions, sectors, and business models. The expansion reflects the growing depth, competitiveness, and commercial maturity of African entrepreneurship as ABH approaches its 10-year milestone.

The 2026 Top 100 represents 27 countries, with an average founder age of 38 and an average business age of 6.5 years. Half of the cohort are returning applicants, underscoring the continued value entrepreneurs see in the ABH platform and the strength of its pan-African community.

This year’s applications came from every region of the continent. Women represented the highest share of entries since the competition launched in 2019 and there was also increased participation from emerging startup hubs such Angola, Burkina Faso, Chad, Libya, Madagascar, and Mozambique. ABH is grateful to the hard-working Round 1 judges who selected the Top 100 from more than 24,000 applicants, with strong representation from key sectors like AI, agriculture, fintech, health, and climate.

A Snapshot of Africa’s Entrepreneurial Momentum

The 2026 Top 100 cohort offers a strong picture of the diversity, resilience, and economic contribution of African entrepreneurs. Collectively, the Top 100 businesses generated USD 170 million in 2025 revenue, employed 6,200 people, and served 10 million customers. These figures underscore the role entrepreneurs are playing not only in building commercially viable companies, but also in creating jobs, widening access to essential products and services, and advancing inclusive growth across Africa.

The 2026 cohort tells an important story: African entrepreneurship is becoming broader, deeper, and more commercially mature

Top 100: By the Numbers

  • Operating Countries Represented: 27
  • Average founder age: 38
  • Average years in business: 6.5
  • Gender representation: 33% women founders; 67% men founders
  • Francophone/French-language representation: 13%
  • Returning applicants: 50%
  • Top operating countries: Egypt, Nigeria, and Kenya (15 entrepreneurs each), followed by Rwanda (9) and South Africa (6)
  • Leading sectors: Agriculture (21), Financial Services (12), Manufacturing (10), Healthcare (10), and Energy (9)

Key Sector Trends Driving the Cohort

The businesses represented address some of the continent’s most pressing challenges through scalable, regional solutions. The cohort also points to important shifts in the continent’s entrepreneurial landscape. Key trends include:

  • Agri-Tech Dominance: Comprising 21% of the cohort, agriculture has evolved beyond traditional farming into tech-enabled, value-added models.
  • Tech-Driven Financial Inclusion: As the second-largest sector (12%), Financial Services is leveraging machine learning and alternative data to provide paperless credit scoring for unbanked small businesses, resolving core frictions across markets
  • Recycling & Environmental Protection: 7% of the ABH Top 100 operate in this space, shifting toward high-margin circular economy models that combine profitability with social impact through value-added processing and emerging ESG/carbon credit monetization.
  • Decentralized Manufacturing Growth: Manufacturing accounts for 10% of the cohort and spans 9 diverse countries (including Cabo Verde, Namibia, and Ethiopia). This geographic spread indicates industrialization is accelerating beyond major economies, propelled by AfCFTA incentives, import substitution, and rising local demand.
  • AI as a Tool for Practical, Sector-Specific Innovation: 32 of the Top 100 entrepreneurs are integrating AI across 12 African countries to address concrete market challenges: improving low agricultural productivity through predictive crop and soil insights, expanding access to credit through alternative scoring, closing education gaps through personalized learning, easing healthcare shortages through triage and decision-support tools, and reducing logistics inefficiencies and supply chain waste through smarter routing and demand matching.

The full list of the ABH 2026 Top 100 entrepreneurs can be found here (www.AfricaBusinessHeroes.org).

Speaking on the significance of this year’s Top 100 cohort, Zahra Baitie-Boateng, Managing Director, Africa at ABH, said:

“The expansion from the Top 50 to the Top 100 reflects the extraordinary evolution of entrepreneurship across Africa. The 2026 cohort tells an important story: African entrepreneurship is becoming broader, deeper, and more commercially mature. These are not just promising ideas; they are real businesses operating across 27 countries, generating USD 170 million in annual revenue, employing 6,200 people, and serving 10 million customers. We are seeing strong innovation from established hubs as well as from emerging ecosystems that have often been underrepresented. By expanding the cohort, ABH is creating more opportunities for entrepreneurs to access visibility, recognition, community, and long-term support.”

Commenting on this year’s selection process, an ABH Round 1 Judge: Johan de Visser, Regional Manager, Africa at PUM & Founder of Africa Business Coaching, said:

“The quality of applications this year was exceptionally strong. What stood out was the level of innovation, clarity of vision, and deep understanding of local market challenges from founders across the continent. The Top 100 includes businesses that are already serving customers, creating jobs, and building scalable solutions across critical sectors, from agriculture and financial services to healthcare, manufacturing, energy, and climate. Expanding the cohort allows ABH to spotlight more of the entrepreneurs shaping Africa’s next phase of growth.”

Now in its 8th year, the ABH Prize Competition celebrates visionary leaders driving inclusive and sustainable growth across the continent. Since 2019, ABH has grown into one of Africa’s leading entrepreneurship platforms, directly awarding 70 entrepreneurs with funding, mentorship, global exposure, and ecosystem-building opportunities. ABH has also supported more than 5,000 entrepreneurs through programs including ABH ScaleUp and attracted more than 160,000 applicants to date.

The Top 100 will now advance to the next stage, where judges will evaluate the cohort to determine the Top 20 semi-finalists. The Top 20 will pitch live on August 21-22 in Nairobi, Kenya, competing for a place in the ABH Top 10 and a share of the USD 1.5 million grant prize.

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

 

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