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Countdown to Africa Investment Forum Market Days 2023

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The Africa Investment Forum is pivotal for attracting domestic and foreign direct investment to Africa

ABIDJAN, Ivory Coast, October 24, 2023/APO Group/ — 

The Africa Investment Forum (AIF) 2023 Market Days is less than three weeks away. 

From 8-10 November, serious investors will gather at the Palais des Congrès in Marrakech, Morocco to participate in Africa’s premier investment marketplace. The focus this year will be on “Unlocking Africa’s Value Chains.”

The Africa Investment Forum is pivotal for attracting domestic and foreign direct investment to Africa. This multi-stakeholder, multidisciplinary platform advances projects to bankable stages, raises capital and accelerates the financial closure of investment transactions.

President Emeritus and Group Managing Director of the Trade and Development Bank Admassu Tadesse describes the Africa Investment Forum Market Days as an action-oriented gathering that focuses on getting things done.

At the 2022 event in Abidjan, Tadesse said that before AIF’s inception in 2018, “we were almost at a level of paralysis by analysis” in terms of talk about Africa’s investment needs and challenges.” He added: “But when Dr Adesina [the African Development Bank president] talked about the Africa Investment Forum focusing on business networking, deal processing, and transactions, I said, finally, we have a conference that is less talk and more action with ground-breaking transactional projects; more prospecting to get things to move on the ground.”

“I found the scale and the depth of the participation much, much larger than I expected,” said Ken Shibusawa, CEO of Shibusawa and Co, during the 2022 Market Days (https://apo-opa.info/3ol3sdy). Mr. Shibusawa described his trip to the Africa Investment Forum as well worth the long journey and a good match in terms of interests. “Our mission is to provide impact investment in Africa…we are building on this cooperation,” he said.

He expressed hope the 2023 edition would provide more opportunities for interaction with younger entrepreneurs, “with Africa, with Japan and other countries.”

Mr. Shibusawa, who is also the Vice Chairperson of the Africa Project Team at Keizai Doyukai, announced earlier this year (https://apo-opa.info/46HGC0Y) that a new company, &Capital Inc., was formed in January 2023 to promote Japanese investments in Africa. Keizai Doyukai is a private, non-profit and nonpartisan organization that brings together nearly 1,400 top executives of some 1,000 Japanese corporations.

This year’s event will build on earlier successes to foster productive engagements between the public and private sectors

“I’m here just searching for new investors for our business because we want to develop into Africa and we think that this is the best place to do that, for networking, for new ideas,” said Jacqueline Furtado Carvalho, manager of Cabo Verdean company M&J Tech, who also attended Market Days 2022.

This year’s event will build on earlier successes to foster productive engagements between the public and private sectors.

In addition to prioritising three key focus sectors—renewable energy, agribusiness, and manufacturing—the Africa Investment Forum Market Days boardrooms will feature deals from other sectors, including “disrupters” such as artificial intelligence and the internet of things, women as investment champions; and the creative and sports industries. 

Masai Ujiri, president of the National Basketball Association (NBA) franchise team Toronto Raptors, has made several appearances at the Africa Investment Forum and has urged African governments to invest in sports. At Market Days 2022, he spoke passionately about the success and growth of sports on the African continent. “We should be supporting teams here in Africa. That should be our vision. Sports is the next big thing in Africa,” Ujiri told investors. 

The continent has many characteristics of a powerhouse sports market. Its athletes are world famous across football, basketball, and track-and-field competition. And a growing and increasingly middle-class population offers a potential untapped audience for domestic sport leagues. The Africa Investment Forum’s Sports as a Business Catalyst initiative is working to make this a reality.

During the Market Days in 2022, one of the projects that attracted strong investor interest was the Abidjan-Lagos Highway project. The planned 1081-km long corridor—projected to cost $15.6 billion—will link the two cities via Accra, Lomé and Cotonou, spanning an area that generates 75% of commercial activity in the West Africa region.

The Economic Community of West African States (ECOWAS) is leading the project. To accelerate the mobilisation of financing and other support for the Abidjan-Lagos highway, the ECOWAS Commission held a roundtable (https://apo-opa.info/46HRL1M) with international development finance institutions on 26 September 2023, at the African Development Bank’s headquarters in Abidjan.

The Africa Investment Forum’s founding partners are standing in solidarity with the government and the people of Morocco following the devastating earthquake in early September. The partners are the African Development Bank, Africa50, the Africa Finance Corporation, the Africa Export-Import Bank, the Development Bank for Southern Africa, The European Investment Bank, the Islamic Development Bank, and the Trade and Development Bank.

Previous editions of the Africa Investment Forum Market Days have secured cumulative investment interest of $142.6 billion.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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