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Fund for Export Development in Africa (FEDA) Board Appoints Mr. Emmanuel Assiak as Chief Executive Officer

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Export Development

The appointment comes at a pivotal stage in FEDA’s growth, as it continues to scale its investment activities to support Africa’s export development and industrialization agenda, especially amid severe capital flight

I extend my sincere appreciation to the Board of Directors of FEDA and Afreximbank for their continued trust and confidence

CAIRO, Egypt, June 2, 2026/APO Group/ –The Fund for Export Development in Africa (FEDA), the equity investment arm of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), has announced the appointment of Mr. Emmanuel Assiak as its Chief Executive Officer, effective 15 December 2025.

 

The appointment comes at a pivotal stage in FEDA’s growth, as it continues to scale its investment activities to support Africa’s export development and industrialization agenda, especially amid severe capital flight. Strong leadership will be key to advancing FEDA’s mandate to mobilize and deploy capital into export-oriented sectors aligned with Afreximbank’s strategic priorities.

Mr. Assiak brings over 30 years’ experience in financial services, including about 20 years in private equity. He has a strong track record of leading and supporting large-scale investments across African markets, with deep expertise in transaction structuring, capital deployment, and value creation. He has led investments across multiple sectors in Africa, served on several corporate boards, and successfully executed complex transactions and investor exits. His experience spans leadership, strategic partnerships, institution-building, and driving transformational investments across the continent.

He has been closely involved in FEDA’s development since inception, having served as Pioneer Director and Managing Director/Chief Investment Officer for over six years, and most recently as the interim Chief Executive Officer since November 2025.

During his tenure as Chief Investment Officer, he played a key role in establishing FEDA’s investment platforms and building its portfolio, contributing significantly to the growth and institutional development.

Prior to joining FEDA in 2019, Mr. Assiak served as Vice President and Principal at African Capital Alliance -a pan-African investment group-, and held senior roles in the Nigerian banking sector, including at Zenith Bank Plc. and Continental Trust Bank (now part of United Bank for Africa (UBA) Group).

Mr. Assiak holds a Master of Business Administration (MBA) from Manchester Business School, a Master of Science in Economics from the University of Lagos and a Bachelor of Science in Economics from the University of Cross River State (now University of Uyo). He is a Fellow of the Institute of Chartered Accountants of Nigeria and holds an executive certification in Private Equity at the Coller Institute, London Business School.

Dr. George Elombi, President and Chairman of both the Board of Directors of Afreximbank and FEDA, commented: “Mr. Assiak’s leadership, deep institutional knowledge, and understanding of Africa’s private equity market are critical to strengthening Africa’s private sector, a key driver of Africa’s intra-African trade and economic transformation. Given his track record, we expect FEDA to continue to mobilize and deploy strategic investments aimed at accelerating industrialization, value addition, and boosting export development across the continent.”

Commenting on his appointment, Mr. Emmanuel Assiak, Chief Executive Officer, FEDA said: “I extend my sincere appreciation to the Board of Directors of FEDA and Afreximbank for their continued trust and confidence. FEDA is contributing significantly to mobilizing long-term capital for Africa’s export and industrial sectors, and we will build on the established strong foundation. Together with our partners, FEDA will deepen its impact by scaling investments that unlock value, strengthen intra-African trade, and support the continent’s industrialization agenda.”

Mr. Assiak will be based in Kigali, Rwanda.

Distributed by APO Group on behalf of Afreximbank.

Business

Protection Is Not Worn – It Is Delivered (By Viv Muthan Pr Eng)

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Research into PPE supply chains shows that disruptions propagate through feedback loops, where delays and shortages reinforce each other and persist, often surfacing at precisely the moment demand peaks

JOHANNESBURG, South Africa, July 14, 2026/APO Group/ —By Viv Muthan Pr Eng, Head of Export Sales and Operations.

When organisations talk about personal protective equipment (PPE), the conversation usually centres on the product. Specifications, certifications and proper usage dominate safety discussions. Yes, these matter, but they are not where safety integrity is ultimately determined. PPE only does the job if it is available, consistently supplied and trusted to perform at the exact moment of need. Integrity is created or destroyed upstream by the system that ensures that the product shows up, performs as expected and can be relied on without hesitation. That system is the supply chain.

If safety is determined upstream, where does it actually break?

The supply chain sets the boundary conditions for safety. It operates quietly in the background, but its impact is immediate and tangible on the ground. When it functions well, workers have uninterrupted access to the protection they need. When it falters, the absence is felt instantly, not as a logistical inconvenience, but as a direct threat to safety and operational continuity. The risks associated with weak supply chains are often underestimated because they do not always present themselves as dramatic failures. Instead, they emerge as small, compounding deviations. A delayed shipment forces teams to stretch existing inventory. A quality inconsistency introduces doubt about whether equipment will perform as expected. A stockout forces substitution under pressure with products that may not fully meet operational demands.

Each of these disruptions chips away at the certainty that safety systems depend on. What appears isolated is rarely contained. Research into PPE supply chains shows that disruptions propagate through feedback loops, where delays and shortages reinforce each other and persist, often surfacing at precisely the moment demand peaks. This erosion of certainty does not just affect safety outcomes but fundamentally changes the economics of the system.

The hidden cost of “efficiency”

Many PPE procurement strategies optimise for unit cost, which assumes a stable system. In reality, supply chains operate under variability where lead times shift, demand signals distort and quality drifts. Once variability enters the system, linear cost logic collapses. The amplification of variability across supply chains, widely described as the bullwhip effect, demonstrates how small demand or supply fluctuations expand upstream, creating both shortages and instability.  The cost is no longer just the product but the consequences of unavailability, some of which include downtime and lost productivity, forced substitution under pressure, and exposure to risk under uncertainty. Once those costs are accounted for, the economics invert and the lowest unit cost often produce the highest total system cost.

The constraint not being managed

Treating PPE as a commodity is common but structurally flawed. Commodities are optimised with the view that price is the governing constraint. Safety-critical systems are optimised for reliability under pressure. Those are not the same objective and they produce very different decisions. The constraint in PPE is not supply or cost but the system’s ability to maintain certainty of supply under conditions of variability. If that constraint is left unmanaged, variability will accumulate until the system fails. Typically, this will not occur at scale, but at the exact point where tolerance for error is lowest.

Reliability is an emergent property

The constraint in PPE is not supply or cost but the system’s ability to maintain certainty of supply under conditions of variability

If variability is what breaks the system, reliability must be engineered into it. You do not buy reliability through a supplier choice. It is a design choice and a property that either emerges or does not, depending on how the system’s boundary conditions are defined. The conditions for reliability to emerge must be established in the configuration of the supply chain – how sourcing is distributed, where buffers are positioned and why, how demand signals are generated and interpreted, and how quality is measured and controlled across the chain. Given the networked nature of these conditions, any variability that enters the system will propagate in unpredictable ways.

What high-performing operators do differently

Operators who understand certainty of supply as a governing constraint within the safety system design their supply chains differently. They segment risk rather than standardise blindly and introduce redundancy where the cost of failure justifies it, like engineers do at the higher automation layers. They include metrics for consistency and reliability and not just price. This is an anchor statement made by many procurement professionals in the first meetings across the table from potential suppliers. Security of supply is non-negotiable. Supplier relationships are built around performance over time, not transactional cost gains. Managing purchasing becomes engineering a system of supply.

The effectiveness of PPE is not determined at the point of use. It is determined by whether the system behind it can deliver the right product, at the right time, with consistent performance under real-world conditions of variability. If that system is fragile, protection is conditional and in industrial environments where the margin for error is already thin, supply chain reliability is not a luxury. It is a requirement.


References:

Falagara Sigala, I., Sirenko, M., Comes, T. and Kovács, G., 2022. Mitigating personal protective equipment (PPE) supply chain disruptions in pandemics: a system dynamics approach. International Journal of Operations & Production Management, 42(13), pp.128–154

Lee, H.L., Padmanabhan, V. and Whang, S., 1997. Information distortion in a supply chain: the bullwhip effect. Management Science, 43(4), pp.546–558.

Moreno-Baca, F., Cano-Olivos, P., Sánchez-Partida, D. and Martínez-Flores, J.-L., 2025. The bullwhip effect and ripple effect with respect to supply chain resilience: challenges and opportunities. Logistics, 9(2), p.62.

Tiwari, P. and Sharma, P.K., 2025. Analysing the impact of supply chain disruptions on medical equipment availability during pandemics. International Journal of Research Publication and Reviews, 6(3), pp.4505–4510

Ash, C., Venkatadri, U., Diallo, C., Vanberkel, P. and Saif, A., 2023. PPE supply optimization under risks of disruption from the COVID-19 pandemic. Annals of Operations Research (Springer).

RS South Africa (https://Africa.RSDelivers.com) is a trading brand of RS Group plc (LSE: RS1) and a leading provider of industrial product and service solutions.

 

Distributed by APO Group on behalf of RS South Africa.

 

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Asia’s Debut of LEAP East in HKCEC Marks Hong Kong’s Largest Inaugural Tech Summit

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Hong Kong

Hong Kong Secures Exclusive Three-Year Deal with Tahaluf for LEAP East; Set to Return to HKCEC in 2027, Reinforcing the City’s Global I&T Leadership
HONG KONG SAR – Media OutReach Newswire – 14 July 2026 – Hong Kong Convention and Exhibition Centre (Management) Limited (“HML”) is celebrating the highly successful conclusion of LEAP East 2026—the historic Asian debut of Saudi Arabia’s premier technology conference brand, LEAP.

Staged over three days at the Hong Kong Convention and Exhibition Centre (“HKCEC”), the inaugural event utilised over 35,000 square meters of rentable space across Hall 1 and Hall 3. Positioned right on the Victoria Harbour waterfront, the landmark summit served as a global bridge, bringing 300 startups and 600 investors—collectively representing more than US$6.5 trillion in assets under management—under one roof.

HML is delighted to have welcomed the first flagship edition of LEAP ever held outside the Middle East, celebrating its conclusion as Hong Kong’s largest-ever inaugural technology event. The summit’s drawing power was significant, attracting over 25,000 professionals, policymakers, and investors, with a mix of 55% international and Chinese Mainland and 45% local participation.

Ms Monica Lee-Müller, Managing Director of HML, commented, “The resounding success of LEAP East perfectly demonstrates Hong Kong’s strategic role as a ‘super-connector’ and ‘super value-adder’ bridging economies, innovation, capital, and cultures. We are deeply grateful for the close collaboration between governments of the Hong Kong Special Administrative Region and the Kingdom of Saudi Arabia, which made this milestone possible. This year, HML has welcomed major Asian debuts or city’s first-ever events with tremendous success. These events have shown a strong desire to return to the HKCEC next year with larger floor space, bigger crowds, and even bolder ideas—and I am absolutely delighted that LEAP East is among them.”

Ms Lee-Müller added, “In support of Hong Kong’s strategic development plans, HML will continue to position the HKCEC as a leading platform where diverse industries can demonstrate latest achievements, exchange insights and unlock new opportunities. Through our world-class facilities and professional services, the HKCEC plays a pivotal role in reinforcing Hong Kong’s position as the premier Meetings, Incentives, Conventions, Exhibitions (MICE) hub in the Guangdong-Hong Kong-Macao Greater Bay Area. The venue also serves as a gateway for enterprises from the Chinese Mainland to connect with international partners and engage with global business community. Simultaneously, we are dedicated to delivering exceptional experiences for visitors of all cultures. Our proactive efforts to introduce Muslim-friendly facilities and services have earned the HKCEC the distinction of being the first venue accredited as a Gold-standard Muslim-Friendly MICE Venue—contributing to the success of LEAP East.”

Ms Annabelle Mander, Executive Vice President of Tahaluf and co-creator of LEAP, commented, “LEAP East is far more than just an event; it is a bridge to the wider technology ecosystem. We see immense synergies between Saudi Arabia and Hong Kong, particularly in their shared ambitions and thriving technology hubs across AI, FinTech, and beyond. Hong Kong was the natural choice to launch a brand like LEAP, and the HKCEC has proven to be the ideal venue to foster collaboration and innovation. From outstanding halal dining options for our Saudi visitors to dedicated bilateral meeting rooms and prayer facilities, the venue provides everything I could want as both a host and an attendee. It has been perfect for us.”

HML applauds Tahaluf’s commitment to making Hong Kong the exclusive Asian host city for LEAP East through a three-year run, and extends sincere thanks to the Government for its unwavering support of the convention and exhibition sector.

About the Hong Kong Convention and Exhibition Centre
This award–winning 306,000–sqm building, first opened in 1988, offers 91,500 sqm of rentable space. An iconic Hong Kong landmark, the Hong Kong Convention and Exhibition Centre (‘HKCEC’) is located on a prime waterfront site in the central business district of Hong Kong. It is owned by the Hong Kong SAR Government and the Hong Kong Trade Development Council.

About Hong Kong Convention and Exhibition Centre (Management) Limited
Hong Kong Convention and Exhibition Centre (Management) Limited (‘HML’) is a professional private management and operating company responsible for providing day–to–day management for the HKCEC, where it oversees administration, marketing, booking, scheduling, event co–ordination, maintenance and security. It also manages food and beverage operations at the HKCEC, including restaurants and catering services. HML provides world–class services for users, visitors and guests of the HKCEC, a venue which has been consistently awarded the title of ‘Best Convention and Exhibition Centre in Asia’ by leading industry professionals. Events at the HKCEC, including exhibitions, conferences, corporate meetings, entertainment events, seminars and banquets, contribute significant economic benefits to the city and help raise the international image of Hong Kong.

HML is a member of CTF Services Limited. Listed on The Stock Exchange of Hong Kong Limited, CTF Services Limited (Hong Kong Stock Code: 659) is a conglomerate with a diversified portfolio of market-leading businesses, predominantly in Hong Kong and Chinese Mainland. The Group’s businesses include toll roads, financial services, logistics, construction, and facilities management. Through the Group’s sustainable business model, it is committed to creating more value for all stakeholders and the community.

 

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Bernard Beya appointed as Chief Executive Officer (CEO) of Liquid Intelligent Technologies Democratic Republic of the Congo (DRC)

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Bernard Beya

Bernard brings over 20 years of leadership experience in telecommunications, including deep expertise in the DRC market

KINSHASA, Democratic Republic of the Congo, July 13, 2026/APO Group/ –Liquid Intelligent Technologies (https://Liquid.Tech), a business of Cassava Technologies, a global technology leader, is pleased to announce the appointment of Bernard Beya as Chief Executive Officer of its operations in the Democratic Republic of Congo (DRC), effective 1 April 2026.

I am honoured to lead Liquid DRC’s next phase of growth

“The DRC represents one of the most exciting growth opportunities in our region, and Bernard’s appointment comes at an important moment in our journey. His deep understanding of the local market, combined with his commitment to customer success and operational excellence, will help accelerate our ambitions to expand digital infrastructure and enable greater economic growth across the country,” said Sutha Siva, EVP: Group Chief Operating Officer at Cassava Technologies.

Bernard brings over 20 years of leadership experience in telecommunications, including deep expertise in the DRC market. He joined Liquid in September 2022 as Chief Financial Officer and was appointed Acting CEO in November 2025, overseeing the organisation’s strategic, operational and commercial direction. His proven track record of delivering results and building stakeholder trust highlights his capability to lead Liquid DRC effectively.

“I am honoured to lead Liquid DRC’s next phase of growth. Our priority is to build on the strong operational and financial foundation we have established to deliver greater value for our customers and partners. As a business of Cassava Technologies, we can expand access to reliable connectivity, cloud, cyber security, colocation and compute AI for our customers. We can play a meaningful role in accelerating digital transformation for the country’s enterprises, government, and communities,” said Bernard.

As the Democratic Republic of Congo advances its digital transformation agenda (https://apo-opa.co/450UEeK) through significant investments in digital infrastructure, connectivity, and skills development, Liquid Intelligent Technologies is well positioned to support these national ambitions, helping unlock inclusive economic growth and drive the country’s digital future.

Distributed by APO Group on behalf of Liquid Intelligent Technologies.

 

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