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Dakar 2: African Development Bank Group, Government of Canada announce funding facility to grow agriculture SMEs

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African Development Bank

The two organisations made the announcement at a press event on 27 January held during the Dakar 2 Africa Food Summit

ABIDJAN, Ivory Coast, February 1, 2023/APO Group/ — 

The African Development Bank Group (www.AfDB.org) and the Government of Canada have established a new special fund to support Africa’s small and medium-sized enterprises (SMEs) in the agriculture sector.

The Agri-food SME Catalytic Financing Mechanism aims to catalyze and de-risk investment for agriculture SMEs, as well as strengthen agricultural value chains and improve food security across the continent. The two organisations made the announcement at a press event on 27 January held during the Dakar 2 Africa Food Summit.

“At the Africa Food Summit, we have seen a strong commitment to addressing the financing gap for SMEs and creating an environment that encourages private sector investments in climate-smart, gender-oriented agricultural solutions,” Dr. Beth Dunford, the Bank’s Vice President for Agriculture, Human and Social Development told reporters. “The Agri-food SME Catalytic Financing Mechanism will help unlock opportunities for these businesses in Africa, particularly for women and youth,” she said.

Canada contributed CAD 100 million ($73.5 million) to fund the mechanism, which is hosted by the African Development Bank. Small and medium agri-businesses produce, process or transport around 65% of Africa’s food, yet they face a financing gap of more than $180 million annually.

The best way to build up food security in Africa is to work with small-and-medium-sized agriculture and food businesses

The mechanism will provide concessional finance and technical assistance to financial intermediaries including agribusinesses, micro-finance institutions and impact funds. The finance and assistance aim to enable the intermediaries to make loans to agri-SMEs working with women, and businesses that build resilience to climate change.

The Agri-food SME Catalytic Financing Mechanism will add to the Bank Group Affirmative Finance Action for Women in Africa’s (AFAWA) goal of closing the $42 billion access to finance gap for women-led SMEs and to accelerate their growth. 

The Mechanism represents the Bank’s first blended financing facility to specifically target SMEs operating across the agricultural value chain. It mobilizes public funds to de-risk agricultural financing, crowds in support to make SMEs more bankable, and collaborates with providers of capital to make banks more ‘agriculture-friendly’. 

“The best way to build up food security in Africa is to work with small-and-medium-sized agriculture and food businesses. Through a shared commitment between Canada and the African Development Bank, the Agri-food SME Catalytic Financing Mechanism will advance resilient growth and climate adaptation.  It will also help African SMEs to pursue climate smart models, and support women by shifting attitudes that perpetuate gender gaps in financial inclusion,” said Anita Vandenbeld, Parliamentary Secretary to Canada’s Minister of International Development.

Structured as multi-donor trust fund, the Mechanism is open to and welcomes the participation and contribution of other development partners. By co-financing with the African Development Bank’s financial instruments, the Mechanism will increase the quantum of attractive capital de-risking agri-SMEs and leverage more private sector finance toward impactful agri-food sector investments. 

The Dakar 2 Summit, held under the theme Feed Africa: Food Sovereignty and Resilience, is a high-level continental conference hosted by President Macky Sall of Senegal and the African Development Bank Group.  Thirty-four heads of state attended.

The Dakar 2 Summit also drew agriculture and finance ministers, Central Bank governors, private sector representatives, farmer organizations and development partners to mobilize high-level political will and financial resources toward Africa’s agricultural transformation.

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

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Mukuru Partners with Flash to Add 170,000 Cash Pay-in Points Across South Africa

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New partnership brings remittance payments into township, peri-urban and rural spaza shops nationwide

JOHANNESBURG, South Africa, November 6, 2026/APO Group/ –Mukuru (www.Mukuru.com), a leading financial services provider, has partnered with Flash, a payments technology company with an extensive network of spaza shops across South Africa, adding 170,000 cash pay-in points where customers can now pay for their Mukuru remittance orders. The network includes Flash’s broader merchant footprint, giving Mukuru access to locations through Flash and its partner networks. These new locations are now operational, reducing the time and distance many customers currently travel to make a payment.

Previously, customers often had to travel to banks or dedicated payment outlets to pay for their Mukuru orders. Now, they can simply visit a spaza shop close to home, work or where they usually shop.

For people in townships, peri-urban and rural areas who rely on cash and have traditionally had limited access to formal pay-in points, particularly South Africa’s migrant communities, this change removes a real barrier and makes it easier to send money home. With these pay-in points inside spaza shops, Mukuru’s services become part of places people already go, meaning fewer extra trips and more timely payments.

Every additional pay-in point represents one less barrier for a customer trying to send money home

“Every additional pay-in point represents one less barrier for a customer trying to send money home,” said Erone Kyte, Commercial Manager: Cross-Border Remittances at Mukuru. “Our partnership with Flash gives us the scale to bring Mukuru’s services into the everyday spaces our customers already know and trust. It’s a meaningful step in making remittances simpler, more accessible and genuinely closer to the communities we serve.”

For Mukuru, working with Flash means reaching even more customers in underserved urban, township, and rural areas. By leveraging Flash’s established network, Mukuru can now offer cash pay-in options where they didn’t exist before. The expanded network is expected to help more people access Mukuru’s services, support growth in its South African customer base, and make cross-border payments more convenient.

Rens Rezelman, General Manager for Flash’s Merchant Division, commented, “Flash works to bridge the digital product and payments gap between businesses and consumers across the country. Launching Mukuru across our network presents another opportunity to bring a familiar brand closer to the people who need it most.”

The sector is now recognised as a R750 billion  industry. According to data tracked by Trade Intelligence, total turnover recently reached R197 billion, growing at roughly 15% annually. Research confirms that traditional trade and spaza shops are growing faster than large supermarket chains, with almost 80% of South African households shopping at these traditional trade outlets regularly. (https://apo-opa.co/4iDwZr8) Bringing Mukuru payments to these stores is a natural fit and helps shop owners draw in more customers and offer more services to their communities. Mukuru and Flash will build awareness of the new pay-in option through store, digital, and community promotions in the coming months.

This partnership is part of Mukuru’s ongoing drive to make cash pay-ins easier and improve access to remittance services for people living and working in areas with limited formal financial services. Over the past two years, the company has made similar moves to make its payment network bigger and more accessible across the region.

Mukuru customers looking to pay closer to home can easily find their nearest participating Flash pay-in point using the Mukuru app or website.

Distributed by APO Group on behalf of Mukuru.

 

 




 

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How CESI is helping shape Africa’s next-gen power grids

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CESI, a global engineering and consulting company specialising in power systems and energy transition, has supported utilities, transmission system operators and public institutions

CAPE TOWN, South Africa, November 6, 2026/APO Group/ –Across Africa, power systems are undergoing a profound transformation. Rapid population growth, urbanisation, industrial development and ambitious electrification goals are increasing pressure on networks that must improve reliability, integrate growing volumes of renewable energy and strengthen regional interconnections.

 




 
 

For utilities, regulators and governments, this creates a dual challenge: planning future power systems while modernising the infrastructure required to operate them safely and efficiently.

Drawing on projects delivered across the continent CESI, a global engineering and consulting company specialising in power systems and energy transition, has supported utilities, transmission system operators and public institutions in addressing both long-term planning requirements and grid modernisation challenges. These experiences highlight how strategic planning and operational modernisation are becoming increasingly interconnected.

Planning for growth in a changing energy landscape

Many African countries are updating power sector strategies to reflect changing demand patterns, evolving technologies and new regional opportunities. National master plans in countries including Angola, Mozambique and Liberia are examining how generation, transmission and distribution systems can evolve over the coming decades while remaining technically feasible and financially sustainable.

A key trend is the growing emphasis on integrated planning. Rather than treating generation, transmission and distribution separately, stakeholders are increasingly assessing investments across the entire value chain to meet future demand efficiently and reliably. Demand forecasting methodologies are also evolving, considering industrial development, electric mobility and broader electrification trends.

Renewable energy integration is another central consideration. Africa possesses significant solar, wind and hydropower resources, but integrating these technologies requires careful assessment of transmission capacity, system flexibility, reserve requirements and grid stability. In this context, CESI has contributed to power sector master plans and network studies evaluating future development pathways while addressing reliability, economic and energy transition objectives.

Regional interconnections as strategic infrastructure

Regional integration continues to play an increasingly important role in Africa’s electricity sector. Future Interconnection projects linking countries such as Ethiopia and Somalia, Uganda and Tanzania, and Uganda and South Sudan demonstrate how cross-border infrastructure can enhance energy security and optimise the use of available generation resources.

Delivering these projects requires more than engineering analysis. Technical, economic, regulatory and operational considerations must be aligned among participating countries. Through its involvement in several interconnection initiatives at different stages across Africa, CESI has supported stakeholders in assessing feasibility, network performance and operational requirements for cross-border electricity exchanges.

As regional power markets continue to develop, interconnected systems are expected to contribute further to reliability, operational flexibility and efficient resource utilisation.

Modernising grid operations for greater reliability

Alongside long-term planning, utilities are investing in modern operational technologies to improve management of increasingly complex power systems. Control centres, SCADA systems, energy management systems (EMS) and telecommunications networks are becoming essential components of modern grid operations.

In countries including Mozambique and Angola, projects are supporting the development of advanced control centres capable of monitoring generation facilities, transmission networks and interconnections through integrated operational platforms. These systems provide operators with real-time visibility and decision-support capabilities that strengthen system reliability and operational efficiency.

Meanwhile, programmes in Tunisia and Nigeria illustrate how utilities are upgrading ageing SCADA and EMS infrastructures to meet evolving requirements. Modern solutions increasingly incorporate

  • cybersecurity,
  • wide-area monitoring capabilities and
  • renewable energy management functions.

CESI’s experience in control centres, SCADA/EMS systems and power system operations reflects the growing importance of digital technologies in enabling more resilient and responsive electricity networks.

Building resilience and technical capacity

Environmental and social considerations are becoming increasingly important across both planning and modernisation initiatives. Climate resilience now plays a central role in infrastructure development, particularly in countries exposed to extreme weather events or heavily dependent on hydropower resources. As a result, environmental and social assessments are increasingly integrated into project design and investment decision-making processes.

Capacity building is equally important. New technologies and analytical tools require utilities and public institutions to continually strengthen technical capabilities. Training and knowledge-transfer programmes have therefore become integral components of many planning, interconnection and grid modernisation projects, helping organisations develop the expertise needed to manage increasingly sophisticated power systems.

An integrated approach to Africa’s power future

Several common themes are emerging across Africa’s electricity sector. Utilities are adopting longer-term planning horizons, renewable energy is becoming a central driver of network development, regional interconnections are expanding opportunities for power exchange, and digitalisation is transforming power system operations.

Together, these trends point towards a broader evolution of African power systems. The challenge is no longer simply expanding infrastructure, but ensuring that future networks are planned, operated and modernised in a coordinated manner. Achieving this objective will require continued collaboration among utilities, governments, regulators, financiers and technical stakeholders.

Experience across the continent suggests that integrating sound planning with targeted grid modernisation can support the development of more reliable, resilient and adaptable power systems, helping meet Africa’s long-term economic and social development goals.

CESI is a partner of ESI Africa, the power, energy, water, transport and utility multimedia platform that forms part of VUKA Group.

Read the article and access more information: https://apo-opa.co/47Xr1g3

Distributed by APO Group on behalf of VUKA Group.

 

 




 

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Bilateral Cooperation Anchors South Sudan’s Energy Renaissance

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South Sudan Oil & Power 2026 provides a platform for South Sudan’s energy industry to connect with regional and international partners to accelerate oil and gas development

JUBA, South Sudan, November 6, 2026/APO Group/ –South Sudan is placing bilateral partnerships at the center of its energy renaissance. As East Africa’s sole oil producer seeks to expand geomapping, unlock 14 available exploration blocks, maximize brownfield production and strengthen access to regional energy markets, cross-border cooperation has become a strategic avenue for accelerating development.

 




 
 

The upcoming South Sudan Oil & Power (SSOP) conference – scheduled for November 24–25, 2026 in Juba – provides a platform to connect South Sudanese authorities with regional and international counterparts, drive new investment and forge strategic energy partnerships. Returning for its seventh edition, SSOP will connect South Sudan’s regional and global partners with emerging investment prospects across the oil value chain as the country eyes production targets of 230,000 barrels per day (bpd) in the near term and 450,000 bpd in the longer-term.

Strengthening Regional Petroleum Trade

Already a major exporter, South Sudan is actively pushing to establish a domestic refining industry while exploring cross-border petroleum trade opportunities with regional neighbors. The October 2026 meeting between South Sudanese President Salva Kiir and Kenyan President William Ruto marked a major milestone in strengthening bilateral energy and infrastructure cooperation to accelerate regional market growth.

The engagement builds on momentum generated in September 2026, when a delegation of South Sudan’s key energy leaders – led by Caretaker Minister of Petroleum Awow Daniel Chuang – attended the groundbreaking of Dangote’s $16 billion, 700,000-barrel-per-day refinery project in Kenya. Once operational, the refinery could open new markets for South Sudan’s crude while supplying refined products to meet growing domestic demand. Dangote Refinery CEO David Bird is speaking at SSOP 2026.

Expanding Trade Corridors and Bilateral Synergies

Beyond Kenya, South Sudan is actively solidifying strategic energy and trade arrangements across the region. Bilateral agreements signed with Uganda in October 2026 are designed to improve market access, remove trade barriers and streamline petroleum-product logistics and transport links. In April 2026, South Sudan and Ethiopia reaffirmed bilateral cooperation on infrastructure, transport and oil industry development following a meeting between President Kiir and Ethiopian Prime Minister Dr. Abiy Ahmed. These engagements underscore South Sudan’s growing focus on strengthening regional petroleum infrastructure, expanding cross-border trade and securing reliable crude export routes.

South Sudan Looks to International Partners

South Sudan is also strengthening engagement with international partners. Following an October 30 meeting between President Kiir and Russian President Vladimir Putin, Russia committed to training 40 South Sudanese professionals for the 2026/2027 period, leveraging its position as a major hydrocarbon producer to support the nation’s energy development.

Separately, South Sudan’s Minister of Energy and Dams Agok Makur Kur met with a delegation from the European Union to discuss foreign investment and bilateral cooperation, with discussions centering on co-developing national electricity networks and essential dam infrastructure.

SSOP 2026: Turning Partnerships into Tangible Projects 

As South Sudan strengthens ties with regional partners, SSOP 2026 serves as the official platform for deal-making, policy alignment and commercial collaboration. By bringing together public decision-makers, regional counterparts and private sector leaders, the event provides a platform to convert bilateral engagement into tangible project developments. For operators and investors looking to capitalize on South Sudan’s evolving oil and gas landscape, SSOP 2026 offers direct access to new opportunities across exploration, midstream infrastructure and regional energy supply chains.

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

 

 




 

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