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EANAN inks Memorandum of Understanding (MOU) with University of Dubai, Xi’an Jiaotong University and Zhuji SRJ Materials Laboratory

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This collaboration is set to enhance academic exchange among faculty, postdoctoral fellows, and students, thereby enriching the academic and practical experience for all parties involved

DUBAI, United Arab Emirates, July 2, 2024/APO Group/ — 

EANAN Al Samma (https://EANAN.ae/), a UAE-based technology company leading the next evolutionary step in transportation through advanced air mobility (AAM), has signed a memorandum of understanding (MOU) with the University of Dubai (UD), Xi’an Jiaotong University (XJTU) and Zhuji SRJL Materials Laboratory to foster international cooperation in applied sciences and expand the dissemination of academic and research information.

The MoU was signed by Dr Eesa M. Al Bastaki, President of UD, Raymund Scheffler, Shareholder at EANAN, Mr. Cheng Jin, Member of Standing Committee of University Board of XJTU and Dr Lei Li, Executive Director of SRJL during a ceremony in the presence of representatives from all stakeholders. This collaboration is set to enhance academic exchange among faculty, postdoctoral fellows, and students, thereby enriching the academic and practical experience for all parties involved.

As part of this collaboration, a state-of-the-art laboratory will be established at the University of Dubai. This facility aims to promote collaborative efforts between the parties, advance academic research, integrate theoretical knowledge with practical experience, provide students with hands-on training in their field, and strengthen the connections between experts and students from diverse backgrounds. These key objectives align with the rapidly growing Advanced Aerial Mobility industry in the UAE, one of the fastest-expanding markets in aerospace.

Raymund Scheffler, Shareholder of EANAN, said: “We are honoured to collaborate with the key academic and industry specialists including the University of Dubai, XJTU and SRJL to contribute to the development of the field of air mobility. This MOU will allow us to leverage our combined strengths to develop innovative technologies and solutions that will drive the future of the air mobility sector. We look forward to working closely with our partners to foster competence exchange, cultivate talent, and make a tangible impact on the industry.”

This MOU will allow us to leverage our combined strengths to develop innovative technologies and solutions that will drive the future of the air mobility sector

The setting up of an exclusive laboratory at Dubai holds significance as it seeks to further strengthen ties between the UAE and China, fostering innovation and technological advancements through shared expertise and resources.

Dr Eesa M. Al Bastaki, President University of Dubai: “We, at the University of Dubai, are pleased to enter into a strategic partnership with EANAN, one of the leading technology companies in the UAE, along with XJTU and SRJL. This important agreement aims to strengthen academic cooperation and create a fruitful platform for scientific research.  It further aligns with our mission to establish deep collaboration between the UAE and international academic and business societies as well as to establish robust ties to different cultures. Furthermore, we are thrilled to be part of this key partnership as it plays a vital role in supporting the UAE’s ambitious goal to become a global leader in the air mobility and electric motors industry by promoting the development of innovative technologies in this sector.”

Cheng Jin, Member of Standing Committee of University Board of XJTU: “XJTU is currently pursuing a strategy for integration of education and industries. Collaborations with UD, EANAN, SRJL through this MoU are a very important part of this strategy and will be mutually beneficial to all the parties involved. The establishment of the joint laboratory will certainly provide a great opportunity for academic and research staff to get insight into the related fields. The platform will serve as an important base for achieving remarkable progress in science, research and industries in the future. Moreover, it will act as an important link among our partners, as well as between China and the UAE, promoting cooperation and strengthening the friendship between the people in the two countries.”

Dr Lei Li, Executive Director of SRJL: “As a high-energy R&D and industrial incubation platform based on international cooperation, the SRJL focuses on the research of key common technologies in material surface treatment and material body enhancement. The establishment of this joint laboratory signifies that we will engage in deeper cooperation in broader fields such as new materials, new energy equipment, and aircraft power systems. We will work together with a more pragmatic attitude and keen insight to overcome difficulties on the path of scientific research and pursue higher technological achievements.”

In line with the collaboration, the University of Dubai will offer all on-site support and facilities required for the establishment of the laboratory while EANAN will be responsible for confirming its functionality. The MOU enables parties to send delegates to learn each other’s educational system and curriculum design. Additionally, the agreement mandates that postdoctoral from all of the parties should fulfil the requirements set forth by the receiving party to be admitted to a degree-granting or non-degree-granting programme.

Established in Dubai, EANAN is the first company to deliver autonomous multi-copter and flying wing aircraft from its production facility in the country surpassing the rigorous demands and regulatory requirements of the aviation industry.

Distributed by APO Group on behalf of Eanan Al Samma.

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Afreximbank’s Zimbabwe Country Brief explores the country’s Critical Mineral advantage and reform-driven economic outlook

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Zimbabwe holds the largest lithium reserves on the continent and boasts some of the highest-grade spodumene deposits globally, positioning the country as a critical supplier of battery minerals at a time of surging global demand for electric vehicle and energy storage technologies

CAIRO, Egypt, October 16, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has released its Zimbabwe Country Brief, providing a comprehensive analysis of the southern African nation’s macroeconomic outlook, trade performance, financial sector development and debt sustainability profile. The brief explores Zimbabwe’s economic growth potential support by its deep regional ties and diverse natural resource endowment that is increasingly central to the global energy transition.

 

Among the brief’s key highlights is Zimbabwe’s strong growth momentum. Real GDP growth is estimated to have strengthened to 8.3% in 2025, driven by a rebound in agricultural production, robust gold exports and elevated global gold prices. Growth is forecast to remain solid at 5% in 2026, supported by stronger agricultural yields, elevated government spending and a favourable outlook for gold mining. Most strikingly, inflation is forecast to ease dramatically to 3.9% in 2026, down from an estimated 55% in 2025, as the Zimbabwe Gold currency stabilises on the back of stronger domestic gold output and improved foreign-currency inflows.

Zimbabwe holds the largest lithium reserves on the continent and boasts some of the highest-grade spodumene deposits globally, positioning the country as a critical supplier of battery minerals at a time of surging global demand for electric vehicle and energy storage technologies. Gold, platinum group metals, diamonds and chrome complete a resource profile that few economies on the continent can rival.

Zimbabwe’s rich endowment of critical minerals offers a powerful opportunity to move beyond the export of raw commodities

Furthermore, this edition reveals how Zimbabwe’s trajectory is particularly compelling, given the government’s deliberate shift from raw commodity exporter to industrial processor. The brief highlights February 2026 restrictions on exports of raw minerals and lithium concentrate as a decisive step in the value-addition agenda, with the potential to reposition Zimbabwe within global battery supply chains. The National Development Strategy 2 framework for 2026-2030 reinforces this direction, prioritising macroeconomic stability, infrastructure, industrialisation and job creation. The brief also points to further longer-term upside from the May 2026 petroleum production-sharing agreement covering the Cabora Bassa Basin oil and gas project.

The brief further highlights a growing and evolving financial sector, with InnBucks MicroBank’s May 2025 partnership with Mambu marking a significant step in the development of digital banking and broader financial inclusion.

With a solid GDP growth outlook for 2026, a dramatically improved inflationary environment and one of Africa’s most strategically valuable mineral endowments being actively developed for higher-value production, Zimbabwe presents a timely and powerful story of economic transformation.

Commenting on the release of the brief, Yemi Kale, Group Chief Economist and Managing Director, Research and Trade Intelligence at Afreximbank, said:

“Zimbabwe’s rich endowment of critical minerals offers a powerful opportunity to move beyond the export of raw commodities and build competitive regional value chains anchored in local production, beneficiation and value addition. By converting its lithium, gold, platinum-group metals and other resources into higher-value products, Zimbabwe can deepen its industrial base, create quality jobs and expand trade with markets across Africa. This is fully aligned with Afreximbank’s mandate to transform the structure of African trade and accelerate the continent’s industrialisation under the AfCFTA.”

Read more in the Afreximbank Country Brief on Zimbabwe here (https://apo-opa.co/47kgH1p)

Distributed by APO Group on behalf of Afreximbank.

 

 




 

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The Digital Webinar Series builds momentum towards the full Democratic Republic of the Congo (DRC) Critical Minerals & Industrialisation Forum 2027

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“In Four live sessions, one goal: turning mineral wealth into industrial growth

CAPE TOWN, South Africa, October 16, 2026/APO Group/ –The organisers of the DRC Critical Minerals & Industrialisation Forum, co-located with the DRC-Africa Battery Metals Forum, have announced a four-part digital webinar series running from September to November 2026. Bringing together government, industry and investment leaders, the series will examine the opportunities, challenges and partnerships shaping the DRC’s next phase of economic development.

 




 
 

Across four live sessions, the discussions will explore the policies, infrastructure, technologies and investment models needed to unlock greater value from the country’s critical mineral resources. Speakers will share market intelligence, practical case studies and perspectives on how the DRC can strengthen local value creation, attract investment and build a more competitive and sustainable minerals economy.

The webinar series also provides a platform for continued engagement ahead of the full in-person Forum in Kinshasa in 2027. VUKA Group RDC rescheduled the Forum to align with the DRC Government’s evolving national policy frameworks and allow the revised roadmaps for the $58 billion Master Plan for Industrialisation (Plan Directeur d’Industrialisation, PDI) to further develop.

The first four editions of the digital webinar series will focus on the following:

Webinar 1: 23 September 2026, 10h30–12h00 (https://apo-opa.co/4zwms7Z)

UNLOCKING THE DRC’S INDUSTRIAL POTENTIAL:  The A-to-Z masterclass strategy

The DRC masterclass examines how the nation can harness its mineral wealth for sustainable growth and industrialization. Experts will discuss policies to move beyond raw exports, enforce security and strengthen ESG standards. Priorities include local beneficiation, human capital development and tailored financing to balance global markets. By defining collaborative actions and investment pathways, the session seeks to accelerate value addition, enhance competitiveness and position the DRC as a responsible global leader in the minerals value chain. VIEW ON DEMAND (https://apo-opa.co/4zHqbjn)
Webinar 2: 21 October 2026, 10h30–12h00   (https://apo-opa.co/4zwms7Z)

FOCUS ON INFRASTRUCTURE & INDUSTRIALISATION DEVELOPMENT

The panel on infrastructure and industrialisation highlights the DRC’s need to move beyond raw material extraction by focusing on local transformation. Building resilient industries will drive job creation and strengthen the economy. Experts will examine how transport, energy and logistics projects accelerate industrialisation, with case studies such as ports, railways and cross‑border initiatives. By prioritising strategic development and leveraging mineral revenues, the DRC can unlock sustainable growth and position itself as a competitive hub within the African Continental Free Trade Area.

Key discussion points

–  Understanding the DRC’s industrial strategy to capitalise on the African Continental Free Trade Area (AfCFTA)

–  The Lobito Corridor project: now or tomorrow?

–  Prioritising development projects in energy, transport linkages (road and railway rehabilitation), maritime infrastructure and port networks by utilising mineral revenues

Case studies

–  The Banana Port (developers: DP World and Mota-Engil contractors)

–  The Matadi Multipurpose Terminal, the DRC’s maritime gateway (AD Ports Group and the DRC Ministry of Transport)

–  Port of Boma maritime project

–  Banana–Matadi–Kinshasa railway

–  DRC–RSA Industrialisation Project, linking South Africa and the DRC and establishing 12 Economic Zones

Speakers

–  Chairperson: Bob Bononge, President, Caplaine Consulting, DRC

–  Popaul Madiana, Managing Partner, Prime Mineral Consulting, DRC

–  Serge Nawej, Partner, ADNA ALN, DRC*

REGISTER TO ATTEND (https://apo-opa.co/4dKfbsZ)

Webinar 3: 11 November 2026, 10h30–12h00   (https://apo-opa.co/4zwms7Z)

NEW TECHNOLOGIES DRIVING THE GLOBAL ENERGY TRANSITION

This session explores how technology and ESG‑aligned investment can transform the DRC’s critical minerals sector. With global demand for lithium, cobalt, nickel and copper rising, responsible sourcing and compliance are essential to build investor confidence. Discussions will focus on local processing, advanced metallurgical methods, renewable energy and automation to accelerate industrialisation. By shifting from raw exports to in‑country beneficiation, the DRC can strengthen sustainability, unlock long‑term value and position itself as a competitive player in the global energy transition.

Webinar 4: 25 November 2026, 10h30–12h00   (https://apo-opa.co/4zwms7Z)

STRATEGIC PARTNERSHIPS: BUILDING A STRONGER AND MORE SUSTAINABLE CRITICAL MINERALS VALUE CHAIN

This discussion explores how strategic partnerships can strengthen the DRC’s critical minerals value chain. By fostering collaboration between governments, regional integration systems and investors, the focus is on building resilience and supporting sustainable growth. Key themes include industrialisation through global partnerships, prioritising sectors for development and aligning with international partners. With effective models of cooperation, the DRC can unlock socio‑economic benefits, enhance competitiveness and establish a stronger foundation for a sustainable and inclusive minerals sector.

DRC’s transition
DRC Critical minerals & Industrialisation forum unites government, industry and investors to accelerate the country’s transition from raw‑material extraction to high‑value manufacturing, underscoring the nation’s opportunity to convert mineral wealth into infrastructure, jobs and sustainable economic growth.

The DRC’s Ministry of Mines (https://apo-opa.co/4jZPwjF) and the DRC’s Ministry of Industry (https://apo-opa.co/3UpRU98) as well the Federation of Enterprises of Congo (FEC) (https://apo-opa.co/4dHvFC4) are official partners of the event.

Distributed by APO Group on behalf of VUKA Group.

 




 

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CRDB Bank launched FMO and Shelter Afrique partnerships, and renewed its Memorandum of Understanding (MoU) agreement with Afreximbank

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A USD 75 million FMO facility, CRDB’s release of its Sustainable Development Impact Disclosure, a USD 10 million Shelter Afrique facility for CRDB Bank DRC and a renewed MoU agreement with Afreximbank marked the forum, which CRDB Bank hosted with Invest Africa during the World Bank Group and IMF Annual Meetings

BANGKOK, Thailand, October 16, 2026/APO Group/ –CRDB Bank Plc signed a USD 75 million long-term financing facility with FMO, launched its Sustainable Development Impact Disclosure Framework, renewed its memorandum of understanding with Afreximbank, and marked the extension of a USD 10 million Shelter Afrique Development Bank facility to CRDB Bank DRC at the Africa Investor Forum on 15 October. The forum, hosted by CRDB Bank with Invest Africa (https://www.InvestAfrica.com/) at the Sheraton Grande Sukhumvit, took place on the sidelines of the World Bank Group and IMF Annual Meetings. It brought CRDB’s Group leadership and its subsidiary teams in Tanzania, Burundi, Democratic Republic of Congo (DRC) and United Arab Emirates (UAE) together with development finance institutions, institutional investors and private capital, under the theme One Bank, Every Bridge: Connecting Africa’s Growth to the World’s Capital.
 




 
 

The facility from FMO, the Dutch Entrepreneurial Development Bank, will run for approximately ten years. It enhances CRDB’s Tier II capital base, which supports the Bank’s growth and resilience, and it expands the Bank’s capacity to lend to micro, small and medium enterprises (MSMEs), the segment that underpins entrepreneurship, job creation and inclusive economic development. For both institutions it advances a shared aim of financial inclusion and business growth across Tanzania and the wider region. The facility also includes support from the European Commission’s MSME platform guarantee, unlocking finance for this segment of society.

CRDB Bank has applied the Impact Disclosure Guidance to its impact strategy, helping the Bank to measure and monitor the anticipated and realized impacts of its operations and portfolio. The Guidance, published in October 2024 by the Impact Disclosure Taskforce co-chaired by J.P. Morgan and Natixis, was a voluntary standard for measuring and reporting development impact. CRDB’s framework rests on three objectives: equal access to financial services, local economic development and job creation, and digital financial innovation. These supported SDG 1 (No Poverty), SDG 2 (Zero Hunger), SDG 5 (Gender Equality) and SDG 8 (Decent Work and Economic Growth), and each carried metrics and targets against which the Bank would monitor its progress. CRDB Bank was the first Tanzanian issuer to adopt the Guidance.

Shelter Afrique Development Bank had extended a USD 10 million facility to CRDB Bank DRC to support affordable housing development and the construction value chain, and the two institutions marked the extension at the forum. It realised the memorandum of understanding they had signed at the 2025 World Bank and IMF Annual Meetings in Washington, D.C., which also provided for advisory support from Shelter Afrique to CRDB’s housing finance team across the full housing value chain.

CRDB Bank also renewed its memorandum of understanding with the African Export-Import Bank (Afreximbank), building on the two institutions’ 2023 agreement and broadening the scope of their cooperation. The renewed framework covers trade finance, syndication and structured financing, digital and payments platforms such as the Pan-African Payment and Settlement System (PAPSS), capital markets advisory, specialist insurance, and capacity building through staff training and secondments. It also links the CRDB Bank Foundation’s lending to women and youth-led enterprises with Afreximbank’s Export SME Programme, strengthening support for the small businesses at the centre of CRDB’s inclusion agenda.

Our objective is to convert Tanzania’s international relationships into investment, trade, technology, skills and sustainable economic growth

The forum opened with remarks from Dr. Abdulmajid Mussa Nsekela, Group CEO of CRDB Bank, followed by an executive panel exploring how partnerships between African institutions and Asian and international investors could mobilise capital. The programme also featured signing engagements and the official launch of the Sustainable Impact Disclosure Framework. The forum anchored an engagement week running from 13 to 16 October, featuring private roundtables and bilateral investor meetings focused on Burundi, the Democratic Republic of the Congo (DRC) and Tanzania. During these engagements, subsidiary leadership presented priority, bankable projects to investors.

Recognising the Government’s pivotal role in fostering an enabling policy and regulatory environment, aligning investment with national development priorities and facilitating capital flows, Tanzanian government leaders at the Africa Investor Forum underscored the importance of strong public-private partnerships in building investor confidence and unlocking sustainable economic opportunities. Their participation reaffirmed Tanzania’s commitment to translating international partnerships into tangible investments that drive economic growth, strengthen key sectors and create long-term value for its people.

Emmanuel Tutuba, Governor of the Bank of Tanzania, emphasised the importance of financial-sector resilience in supporting investment and economic growth. He said: “A sound and resilient banking sector is essential to mobilising investment and financing economic growth. Tanzania’s banking sector continues to demonstrate resilience, supported by strong capital and liquidity positions and a non-performing loan ratio that remains within the regulatory threshold. This provides an important foundation for banks, investors and businesses to work together to finance productive opportunities.”

Ambassador Khamis Mussa Omar, Minister of Finance of the United Republic of Tanzania, highlighted the role of international partnerships in advancing the country’s long-term development ambitions. He said: “Our objective is to convert Tanzania’s international relationships into investment, trade, technology, skills and sustainable economic growth. We welcome credible investors who are ready to partner with us in building a productive, competitive and sustainable economy, and we want investment conversations to lead to bankable projects, financing and measurable economic results.”

Dr. Abdulmajid Nsekela, Group CEO and Managing Director, CRDB Bank, said: “Bangkok was where we brought the whole of CRDB to investors, and that week put our Tanzania, Burundi and DRC teams in front of the international capital. The USD 75 million from FMO strengthened our balance sheet and widened our lending to MSMEs. The Impact Disclosure Framework gave investors targets to hold us to, and Shelter Afrique’s facility for CRDB Bank DRC put capital into affordable housing and the construction value chain. Each one was a bridge between African opportunity and global capital, which was what One Bank, Every Bridge meant in practice.”

Michael Jongeneel, Chief Executive Officer, FMO, said: “We are pleased to partner with CRDB Bank on this significant transaction, which reflects our shared commitment to strengthening access to finance for entrepreneurs and businesses that drive economic growth and job creation. By enhancing CRDB’s Tier II capital base and leveraging the support of the European Commission’s MSME Platform Guarantee, this facility will help expand financing for micro, small and medium enterprises across Tanzania. We commend CRDB for its continued leadership in advancing financial inclusion and fostering sustainable, inclusive economic development in the region.”

Alexandra Barry, Executive Director, Head of Development Impact Advisory, J.P. Morgan, said: “We would like to congratulate CRDB on this important milestone and the release of its Sustainable Development Disclosure. As the first Tanzanian entity to publish such a disclosure, the framework provides greater transparency around CRDB’s impact objectives, including how it intends to deliver and measure progress towards financial inclusion, job creation and gender equality.”

Thierno-Habib Hann, Managing Director and CEO, Shelter Afrique Development Bank, said: “The memorandum we signed in Washington last year set out an intention. This facility turned it into funding for CRDB Bank DRC, supporting affordable housing and the construction value chain around it. We were glad to see it move from paper to delivery.”

Distributed by APO Group on behalf of Invest Africa.

 

 




 

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