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CRDB Bank Signs Three Landmark Partnerships to Advance Inclusive Finance and Sustainable Development across Africa

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CRDB Bank

The Memorandum of Understanding (MoUs) were signed during the CRDB Bank Investors and Partners Forum, held on the sidelines of the World Bank and IMF Annual Meetings in Washington D.C., in partnership with Invest Africa

WASHINGTON D.C., United States of America, October 21, 2025/APO Group/ –CRDB Bank has entered three landmark partnerships with leading development finance institutions, FinDev Canada, DEG (KfW Group, Germany), and Shelter Afrique Development Bank (ShafDB), marking a significant milestone in its transformation journey to advance inclusive and sustainable finance across Africa.

The Memorandum of Understanding (MoUs) were signed during the CRDB Bank Investors and Partners Forum, held on the sidelines of the World Bank and IMF Annual Meetings in Washington D.C., in partnership with Invest Africa. The high-level forum convened global investors and senior government officials from Tanzania, Burundi, and the Democratic Republic of Congo (DRC). Distinguished attendees included the Minister of Finance of Burundi, the Minister of Information of the DRC, the Governors of the Central Banks of Tanzania and Burundi, the Ambassadors of Tanzania and Burundi to the United States, and the Permanent Secretary Treasury from the Ministry of Finance of Tanzania, Dr. Natu El-Maamry Mwamba, who is leading the Tanzania delegation to the World Bank and IMF Meetings and served as the Guest of Honor.

East Africa faces persistent gaps in financing for MSMEs, climate-smart agriculture, and affordable housing. CRDB Bank has positioned itself as a regional driver of transformation, addressing these challenges by mobilizing capital, expertise, and technology to create tangible impact for communities and businesses.

These agreements were formalized by CRDB Bank’s Group Chief Executive Officer & Managing Director, Abdulmajid Nsekela, alongside the partner leadership, CEO of Shelter Afrique Development Bank – Thierno-Habib, CEO of DEG – Roland Siller and CEO of FinDev Canada – Lori Kerr.

These partnerships reflect our shared vision of an Africa that is financially inclusive, food secure, and sustainably developed

  • Inclusive Growth: Through its partnership with FinDev Canada, CRDB Bank secured a USD 60 million sustainability-linked facility to expand financing for micro, small, and medium-sized enterprises (MSMEs), with a strong emphasis on women-owned businesses and climate-resilient projects.
  • SME Empowerment: With DEG, CRDB Bank will unlock a USD 50 million facility dedicated to SME sub-loans, supporting business growth, innovation, and job creation in Tanzania.
  • Social Equity & Affordable Housing: The partnership with Shelter Afrique Development Bank addresses the region’s housing deficit, beginning with a USD 10 million facility for CRDB DRC.

Speaking during the signing ceremony, CRDB Bank Group CEO & Managing Director, Abdulmajid Nsekela, said “These partnerships reflect our shared vision of an Africa that is financially inclusive, food secure, and sustainably developed. At CRDB Bank, we believe finance should be a force for good – unlocking potential, creating jobs, and driving long-term value for communities. By joining hands with institutions like FinDev Canada, DEG, and Shelter Afrique, we are accelerating our vision to transform lives and develop economies to their fullest potential. This is more than capital; it is confidence in Africa’s future.”

Highlighting the significance of this partnership, Mr. Thierno-Habib Hann, CEO of Shelter Afrique Development Bank, remarked,  “At Shelter Afrique Development Bank (ShafDB), we believe that affordable housing and urban infrastructure are the foundation of inclusive and sustainable economic growth. Our partnership with CRDB Bank reflects our shared vision to channel capital toward impact, equity, and regional integration. Together, we are not only financing homes, we are financing dignity, opportunity, and the infrastructure of a more resilient Africa. Whilst our partnership starts with CRDB Bank DRC, we have a plan to support CRDB Bank in Tanzania and Burundi. Our Advisory Services offering will ensure that the CRDB Bank housing finance team is capacitated to address the integrated housing value chain in a de-risked manner. This partnership reinforces our joint commitment to ensuring that every African family has access to safe, affordable, and climate-resilient housing, which remains the cornerstone of sustainable urban transformation, while ensuring regional integration via trade in construction materials across countries”

Beyond financing, these collaborations are structured to deliver affordability, long-term sustainability, and measurable social impact, strengthening the Bank’s strategic positioning and generating value for both investors and communities.

“FinDev Canada’s partnership with CRDB Bank is built on a shared commitment to creating opportunity where it’s needed most. By deepening our collaboration, we’re mobilising capital and investing in the potential of local markets, entrepreneurs, and communities across Sub-Saharan Africa. This MOU is an important step toward strengthening meaningful engagement, co-investment, and long-term impact in critical sectors that support sustainable development and climate action,” said Lori Kerr, CEO, FinDev Canada.

Apart from the signings, the CRDB Bank Investors and Partners Forum provided a platform to explore regional transformation and investment opportunities in Tanzania, Burundi and the DRC . The dialogue reinforced CRDB Bank’s role as a bridge between global finance and local impact, highlighting how MSMEs, farmers, and communities are benefiting from these strategic initiatives.

By combining its strong East African presence with the strategic reach of its Dubai Representative Office, CRDB Bank is positioning itself not only as a regional champion of inclusive finance but also as a trusted bridge to global markets. These partnerships underscore the Bank’s ambition to extend its impact across the continent and beyond, supporting inclusive prosperity and sustainable growth.

Distributed by APO Group on behalf of Invest Africa.

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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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