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Control over Meta and Google, ensuring food security and technological transfer

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Meta and Google

Modern global monopolies can only be countered by the same global antitrust initiatives, which can only be realized in the interstate format, which is currently represented by BRICS+

MOSCOW, Russia, August 3, 2023/APO Group/ — 

On July 28, on the margins of the second Russia-Africa summit, a meeting of the expert panel of antimonopoly agencies “Combating Anticompetitive Practices of Large Transnational Corporations, Suppressing Cross-border Cartels and International Cooperation” was held. The panel participants, including heads of antitrust agencies of African countries, discussed a number of important topics related to antitrust regulation. Key issues included the challenge of regulating global digital monopolies, the role of antitrust in ensuring global food and human security, and equitable participation of all countries in the global economy and access to technology transfer tools.

In his foreword Alexey Ivanov, Director of BRICS Competition Law and Policy Centre highlighted that “Antitrust law originally originated under conditions of uncertainty. In post-war Europe, in Russia during the transition to a market economy, in China with the beginning of the policy of reform and opening up, in South Africa after the fall of the apartheid regime and in Brazil with the end of the dictatorship, the adoption of antitrust laws helped the economic system to reach a new level of development. Now, in the context of global uncertainty, the question of the role of antitrust law arises again. Modern global monopolies can only be countered by the same global antitrust initiatives, which can only be realized in the interstate format, which is currently represented by BRICS+, to which the new members from African countries are also gravitating.”

The initiative to establish a Commission on Competition and Consumer Welfare in Africa was further developed. It is the second attempt for regulators from Kenya, Egypt, Mauritius, Nigeria, South Africa, Morocco, Gambia, Mauritius, Nigeria, South Africa, Morocco, Zambia and the Commission (COMESA), which includes 21 other African countries, to agree to proceed with the establishment of a working group for cooperation. The working group will focus on the sectors of e-commerce, aggregation services (online travel agencies and online classifieds), matchmaking services (search services and social platforms – Google and Meta, as well as e-call and delivery services such as Uber and Glovo), digital advertising (search and social media), fintech and cybersecurity.

“To date, we have been working in a coordinated manner to harmonize antitrust regulation through bilateral, regional and international cooperation among 29 African states. Normally, it takes decades from the negotiation of agreements to the adoption of laws and the formation of regulatory institutions to control competition in the market, but we have managed to achieve significant results in just a few years. Today, it is important to continue developing this area, given the global nature of the challenges and the need to further deepen cooperation between competition authorities”, – Hardin Ratshisusu, Deputy Commissioner, Competition Commission of the Republic of South Africa has stated.

Now, in the context of global uncertainty, the question of the role of antitrust law arises again

Another hot topic of discussion was the merger deal between Bunge and Viterra, an agribusiness giants with a strong presence in the markets of Brazil, South Africa and Egypt. The merger of the two companies may lead to imbalances in the international food market, including due to the establishment, if the deal is approved, of control over logistics in this area by the new player. This case made even more urgent the problem of developing infrastructure to detect and monitor cross-border cartel activity, which threatens not only direct economic costs, but also social and humanitarian risks.

“Bunge and Viterra, Bayer and Mansanta. We know what steps should be taken to consider such transactions that do not contradict the antitrust laws of different jurisdictions. But there are certain obstacles on our way to control the cross-border cartels. Their emergence threatens to significantly disrupt the normal operation of international trade. Cases of cross-border cartels and cartel collusions are difficult to both detect and investigate. This is due to the inconsistency and lack of universal norms on anti-corruption actions. One of the important principles of control over cross-border cartels should be the principle of extraterritoriality, allowing claims to be brought against the entire business structure of the offending company, not only against legal entities in a particular country. This will require a higher level of cooperation and trust between the antitrust services of individual countries,” – said Mahmoud Momtaz, Chairman of the Egyptian Competition Authority (ECA).

“Today, market power is determined by control over big data. That is, companies are accumulating information, and a network effect is occurring. And today antitrust regulators can no longer ignore these facts and should actively conduct coordinated work in relation to global digital monopolies, including more active application of the network effect criterion,” – Ivanov added.

According to the expert panel discussion participants, one of the main problems of antitrust compliance control, as well as tools for investigations in this area, is the lack of technology and cooperation based on data exchange. Often such data can be sensitive to the domestic interests of individual countries. Exchanges between members of the global antitrust network can therefore only take place if there is trust. The development of joint initiatives and platforms for meeting and discussing such issues face-to-face should therefore lay the foundations for overcoming this problem.

At this point, the UN’s support for African and Russian antitrust initiatives has been an important factor. Teresa Moreira – Head, Competition and Consumer Policy Unit, United Nations Conference on Trade and Development (UNCTAD) stated that UNCTAD supports initiatives at the regional and international levels that can further strengthen anti-competitive enforcement tools.

Ms. Moreira made a special mention of Russia’s role in this process. “The foundations of mechanisms and tools for cross-border cartel control and, more broadly, for compliance with international competition law of UNCTAD’s Section “F” were laid back in the 1980s, but for a long time remained recommendatory. Only recently, thanks to the proactive actions of the Russian antimonopoly authorities and the BRICS International Centre, it has been possible to re-launch this discussion and work on transferring these recommendations into the sphere of mandatory norms”.

Distributed by APO Group on behalf of BRICS Competition Law and Policy Centre.

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

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Africa

This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

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

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Business

Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

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Pesalink

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

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Events

Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

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Africa

Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

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