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Equatorial Guinea: the African Development Bank reviews its $167 million project portfolio

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Equatorial Guinea

To date, Equatorial Guinea has benefited from 53 operations financed by the Bank Group, with a cumulative commitment of $337.30 million

MALABO, Equatorial Guinea, November 14, 2025/APO Group/ –The African Development Bank Group (www.AfDB.org/) held a joint review of its project portfolio in the Republic of Equatorial Guinea in Malabo from 27 to 31 October.

An action plan to improve the portfolio’s performance was approved at the end of the meeting. Stakeholders plan to set up a coordinated project monitoring system, establish rigorous mechanisms for monitoring contractual commitments and ensure compliance with financial obligations as part of an action plan to improve the portfolio’s performance.

The workshop, which brought together ministerial representatives, technical partners and project management teams, provided an opportunity to assess the effectiveness of the Bank Group’s interventions in the country and to chart the course for future investments aligned with the government of Equatorial Guinea’s Agenda 2035.

The review covered various projects, including the Public Finance Modernization Support Programme (PAMFP), the Support for the Development of Value Chains in the Fisheries and Aquaculture Sector (PASPA) (https://apo-opa.co/3LDvTyV) and the Feasibility study project for Support for the Strengthening of the Digital Ecosystem (PARED) (https://apo-opa.co/4nWt6yo).

We are also maintaining close dialogue with partners to mobilize more co-financing under the 2026 lending programme and beyond

The joint portfolio analysis highlighted several obstacles to project effectiveness: slow start-up, delays in setting up management units and delays in the issuance of no-objection notices by the Bank Group. Added to this are the teams’ limited technical capacities and their lack of knowledge of the pan-African institution’s procedures for procurement, disbursement and financial management.

“The Bank is developing close management relations with project management units and stepping up capacity building through targeted training in fiduciary management and monitoring and evaluation,” said Mouhamed Gueye, Divisional  Manager for Social Development and Human Capital for Central and North Africa, representing Léandre Bassolé, Director General of the Bank Group for Central Africa. “We are also maintaining close dialogue with partners to mobilize more co-financing under the 2026 lending programme and beyond,” he added.

“This exercise had several objectives: to ensure that our actions are aligned with Agenda 2035, to review our project portfolio in detail, to identify shortcomings in their implementation and to assess their level of progress,” explained Ladislao Ndong Ndong Bisó, Director General of Economic and Financial Organizations, representing Ivan Bacale Ebe Molina, Minister of Finance, Planning, Economic Development and the Budget. “The results will help define the direction and financing terms for future projects,” he said.

Several complementary activities were organized following the workshop. In particular, a fiduciary clinic for project managers helped to strengthen their knowledge and understanding of the new accounting framework and the Bank’s financial management rules and procedures. In addition, a €58.61 million loan agreement was signed between the Bank Group and Equatorial Guinea for the implementation of the Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH) (https://apo-opa.co/3K1xEFG). Finally, a field visit to the PASPA project allowed the Bank’s delegation to note major progress in the construction of aquaculture infrastructure, which is scheduled for completion in the first quarter of 2026.

The Republic of Equatorial Guinea has been a member of the African Development Bank Group since 1975. The institution’s first financing dates back to December 1978 for a cocoa tree regeneration project worth nearly $9 million. To date, Equatorial Guinea has benefited from 53 operations financed by the Bank Group, with a cumulative commitment of $337.30 million.

The Bank Group’s active portfolio in Equatorial Guinea comprises six projects with a cumulative value of approximately $167 million. These investments are strategically distributed across several key sectors: social sector (42.2 percent), agriculture (38.6 percent), governance (18.5 percent) and communications, ICT and energy (0.7 percent).

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

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Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

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Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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ORUN and 1xBET Partner to Support a Dynamic Creative Africa

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MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

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MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

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MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

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