Market Days is a three-day annual event that brings together project sponsors, financiers, governments and other key stakeholders to advance deals toward close

CASABLANCA, Morocco, November 14, 2024/APO Group/ — 

A group of top African investors made a stop in Casablanca, Morocco, on Tuesday, November 12 to mobilise Moroccan investors and business leaders a few weeks ahead of the Africa Investment Forum’s Market Days event.

The Africa Investment Forum, an initiative of the African Development Bank Group and eight other founding partners, is a platform that advances projects to bankability, raises capital, and accelerates transactions to financial close.

Organised by Africa50 (http://apo-opa.co/3O8LVij), a pan-African infrastructure investor and asset manager, and the African Development Bank Group, the roadshow provided a preview of Market Days  to local investors, and  enjoined  them to actively participate in the transformation of the continent through sustainable investments.

Market Days is a three-day annual event that brings together project sponsors, financiers, governments and other key stakeholders to advance deals toward close. The 2024 Market Days will be held from December 4-6 in Rabat, Morocco’s capital.

Morocco: a Regional Hub for Investment in Africa

The Africa Investment Forum continues to advance critical projects towards bankable stages, channeling capital towards sectors aligned with the Sustainable Development Goals

In his opening remarks, Abdelkrim Achir, Deputy Director of the Treasury and External Finance at Morocco’s Ministry of the Economy and Finance, said, “the organization of the Africa Investment Forum in Morocco for the second year running is recognition of the significant efforts made to promote investment under the impetus of His Majesty King Mohammed VI, may God assist him, and of the Kingdom’s positioning as a regional hub for investment and growth.”

Ms. Yacine Fal, Special Representative of the President of the African Development Bank Group for the Africa Investment Forum was present. She said, “this pre-forum event in Casablanca reinforces our commitment to connecting African projects with capital. By engaging local investors upfront, we are laying the foundations for transformative partnerships that will fuel Africa’s long-term development goals. The Africa Investment Forum continues to advance critical projects towards bankable stages, channeling capital towards sectors aligned with the Sustainable Development Goals, the African Development Bank’s High 5s, and the African Union’s Agenda 2063.”

Ms. Zurina Saban, General Counsel and Corporate Secretary for Africa50 also attended the event. She said, “The more than$100 billion infrastructure financing gap on the continent can only be closed through a concerted effort from both domestic and international investors, and the Market Days platform is strategic for bringing together the right people and connecting  them to high-impact projects to accelerate the continent’s growth.  As Africa50 works alongside our AIF partners, we are committed to leveraging the collective power of local knowledge, extended networks, and our project development and project finance expertise to shape Africa’s future – creating lasting impact for generations to come.”

Innovations for Scaling Up Investments

The 2024 Market Days, under the theme: “Leveraging Innovative Partnerships for Scale,” will bring together more than 2,000 participants from over 50 countries. The event will focus on advancing high-potential African projects towards financial close through strategic partnerships that drive Africa’s economic transformation.

Among the highlights of the 2024 edition of the Africa Investment Forum the recent automation of its project and investment tracking mechanism. This is expected to optimise the investment process, enhance project supervision, and strengthen the efficiency of connections between capital and projects on the continent.

The founding partners of the African Investment Forum are the African Development Bank, Africa50, Africa Finance Corporation, the African Export-Import Bank (Afreximbank), the Development Bank of Southern Africa, the Eastern and Southern African Trade and Development Bank (TDB), the European Investment Bank (EIB), the Islamic Development Bank (IsDB), and the Arab Bank for Economic Development in Africa (BADEA), which joined earlier in 2024.

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

CMAG’s mission is to foster deeper relationships between Africa and global markets, and thereby enable the creation of resilient and diversified critical minerals supply chains

LONDON, United Kingdom, November 14, 2024/APO Group/ — 

Global leaders in the critical minerals industry have today launched the Critical Minerals Africa Group (CMAG) (www.CMAGAfrica.com) to foster deeper relationships between Africa and global markets, empower companies operating in Africa’s critical minerals space, and thereby unlock Africa’s full critical minerals potential.

Sub-Saharan Africa is believed to be home to approximately 30% of the volume of proven critical minerals reserves globally. The International Energy Agency (IEA) predicts that, as markets around the world place an ever-greater emphasis on green technology, demand for nickel will double, demand for cobalt will triple, and demand for lithium will rise tenfold. If harnessed properly, the International Monetary Fund (IMF) estimates that increased commodity revenues alone could increase Sub-Saharan Africa’s GDP by 12% or more by 2050.

CMAG has been launched to empower these stakeholders with the tools, knowledge, and relationships they need in order to succeed

Despite Africa’s central role in the global critical minerals industry, African policymakers, business leaders, and citizens struggle to influence vital discussions around policy and supply chains. Global businesses keen to seize the opportunities presented by Africa’s critical minerals also face high barriers to entry owing to a lack of relationships on the continent and limited local knowledge. CMAG’s mission is to foster deeper relationships between Africa and global markets, and thereby enable the creation of resilient and diversified critical minerals supply chains that benefit the communities in which they are extracted, as well as to accelerate economic development through the capture of value-adding activities.

CMAG will also work with industry and governments to help remove barriers to market entry across Sub-Saharan Africa, create more enabling business environments, promote sustainable growth and localisation of benefits, and support the creation of green value chains on the continent. CMAG will act as a bridge between the private and public sectors while enabling greater interconnectivity with Western markets.

The CMAG team, which includes global leaders in the critical minerals industry with a track record of delivering results and tangibly influencing policy, will add value by offering members access to funding and networking opportunities, advocating for CMAG members in discussions with governments, regulators, and other stakeholders, as well as providing messaging and branding support to help members position themselves as global industry thought leaders.

Veronica Bolton Smith, CEO at CMAG, says, “I am delighted to be part of a world-class team determined to foster deeper relationships between Africa and global markets and put Africa at the heart of international discussions surrounding critical minerals and associated supply chains.”

“There is a huge opportunity for African businesses and governments to become global leaders in an industry which is of ever-increasing significance to the world economy, something that would be to the benefit of communities across the continent. There is an equally large opportunity for international firms to ramp up their exposure to African markets and capitalise on the enormous growth potential Africa offers. CMAG has been launched to empower these stakeholders with the tools, knowledge, and relationships they need in order to succeed.”

Distributed by APO Group on behalf of Critical Minerals Africa Group (CMAG).

Industry experts, influencers, and pioneers from the world’s top pharmaceutical hubs will gather at the inaugural CPHI Middle East – the most comprehensive pharma convention in the region

RIYADH, Saudi Arabia, November 13, 2024/APO Group/ —

• Industry experts from across 100 countries will descend on Riyadh this December for launch event of most comprehensive pharma convention in the region
• Stage set for international collaboration, upscaling, and regional market entries, while health and environmental interplay come under the microscope

Industry trailblazers from over 100 nations across Africa, Asia, the Americas, Europe, and the Middle East will gather in Riyadh this December to collaborate on advancing the future of the pharmaceutical and biotechnology sectors in Saudi and other countries like Jordan, Morocco and Armenia.

Industry experts, influencers, and pioneers from the world’s top pharmaceutical hubs will gather at the inaugural CPHI Middle East – the most comprehensive pharma convention in the region – when it runs at the Riyadh Front Exhibition & Convention Centre from December 10-12. The landmark event, which has the support of the Saudi Ministry of Health, will be a dynamic platform for international collaboration, where local, regional, and international professionals can interact, share insights, and forge meaningful business partnerships.    

“The geographic footprint of both the exhibitor profile and conference speaker platform holds the promise of transformative outcomes of groundbreaking ideas and collaborative initiatives,” said Mundhir Al-Hakim, Exhibition Director of CPHI Middle East. “The event’s diverse lineup includes the biggest names in pharmaceutical manufacturing, biotech development, and contract and clinical services who are poised to revolutionise the pharmaceutical industry and healthcare delivery.

“CPHI Middle East is not just a regional event; it’s a global stage for the pharmaceutical industry. With over 70 per cent international participation, we’re creating a truly global hub for knowledge sharing, partnership building, and innovation, said Mundhir Al-Hakim.

The event will spotlight international collaboration via its comprehensive knowledge-sharing programme, which spans four stages dedicated to The Future of Pharma, Innovation, Next-Gen Bio, and Discovery. All four are designed to accentuate the latest trends, with delegates gaining valuable insights into current challenges and opportunities shaping the pharmaceutical sector.

With more than 30,000 visitors and 400 exhibitors anticipated across 30,000 square-metres of exhibition space, CPHI Middle East will be where the future of pharma unites

Many prominent speakers are set to speak at the event next month, discussing a wide range of current and pressing topics around the future of healthcare, biotech, incentivising and investing in R&D, commercial sector growth, and innovations driving the next generation of pharmaceutical advancements. Professor Peter Pitts, President and Co-Founder of the Centre for Medicine in the Public Interest and a visiting Professor at the University of Paris School of Medicine with experience as a former member of the US Food & Drug Administration, will be bringing a wealth of knowledge to discussions on the urgency of sound science and post-pandemic healthcare policy.

The global experts will network with regional influencers including Mosaed Alkolief, Strategy Advisor at the Saudi Commission for Health Specialties; Dr Hana Sboul, Secretary General of the Jordanian Association of Pharmaceutical Manufacturers; Dr Abdelali Hauudi, Chairman of Strategy & Business Development at King Abdullah International Medical Research Centre, Saudi Arabia; and Chokri Jeribi, President of the Chamber of CRO Tunisia. International companies will also be presenting successful case studies of their thriving businesses in KSA at the event.

International exhibitors like Sartorius, Julphar, Zeta Pharma, Caregen, Sartorius, SimSon Pharma Ltd, Soficopharm, UNT Pharmaceuticals, Berry Global and many more will line up alongside some of the Middle East and North Africa’s biggest industry names. The geographic interplay will set the groundwork for the event to prove a hive of international collaboration for active pharmaceutical ingredients (API) discovery and production planning across the MENA region, the world’s fifth-largest pharma market and one that is projected to grow at an annual rate of 10 per cent over the next eight years. CPHI Middle East will connect global suppliers of raw materials, machinery, packaging solutions, and contract services with regional visitors and partners.

The event is also seen as an unparalleled opportunity for global leaders to scout partners that can help them establish a presence in Saudi Arabia, where the pharmaceutical market is projected to reach US$11.5 billion by 2032. The Kingdom’s National United Procurement Company (NUPCO) requires bidders to have a registered Saudi office, creating a landscape ripe for partnerships that can boost domestic pharma production to its national vision targets from the current 20 per cent to 40 per cent by 2030. Healthcare and life sciences are among the most significant sectors in the Kingdom’s Vision 2030.

The event will also focus on Saudi Arabia’s ambitions to be a global biotech leader, with the country planning to achieve self-sufficiency in vaccine production, biomanufacturing, and genomics.

Organised by Tahaluf, the Kingdom’s fastest-growing business event organiser, CPHI Middle East marks a significant milestone for the region’s rapidly expanding pharma sector. Partnered with the Events Investment Fund, the event aligns with Saudi Vision 2030, prioritising healthcare and life sciences as key sectors.

“We expect this event to be a melting pot of ideas and partnerships,” added Al-Hakim. “With more than 30,000 visitors and 400 exhibitors anticipated across 30,000 square-metres of exhibition space, CPHI Middle East will be where the future of pharma unites to build partnerships that extend across the Middle East and the world.”

Distributed by APO Group on behalf of CPHI Middle East.