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Global Africa Business Initiative’s (GABI) ‘Unstoppable Africa’ 2025 Puts Africa at the Center of Global Growth

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The gathering which took place at the Marriott Marquis, in Times Square, marked a decisive shift in the global conversation – from doing business in Africa to doing business with Africa – with energy, critical minerals, healthcare, education, and the creative industries driving a powerful narrative of Africa as the engine of the world’s next wave of growth. The event was held just ahead of the 80th United Nations General Assembly and was hosted by UN Secretary-General António Guterres and H.E. Mahmoud Ali Youssouf, Chairperson of the African Union Commission. CNN’s Larry Madowo and Al Jazeera’s Folly Bah Thibault returned as moderators.

In his opening remarks at Unstoppable Africa 2025, António Guterres, Secretary-General of the United Nations, highlighted Africa’s growing influence at a time of global disruption and opportunity.

“The world meets at a time of turbulence and opportunity, and Africa stands at the centre of that opportunity. Africa is home to the world’s youngest population, has vast energy resources, and extraordinary creativity across sectors -from fintech and agribusiness to fashion and artificial intelligence. Our challenge and responsibility is to turn these extraordinary possibilities into sustainable prosperity, in line with the Sustainable Development Goals, Agenda 2063, and the Pact for the Future.”

Ms. Sanda Ojiambo, Assistant Secretary-General and CEO of the UN Global Compact, added: “The time has come to embrace a new narrative for Africa. This narrative is imperative. We are shifting from doing business in Africa to doing business with Africa. Since our last forum, GABI has maintained momentum by convening alongside several African organizations and continues to do so.”

GABI was formed in 2022 to rebalance the way business is done in Africa. Its focus is on sustainable business aligned with Agenda 2063 and the SDGs. GABI prioritizes several themes: Energy, Trade, Digital Transformation, Food Systems, Education, Health, Fashion & Creative industries, and Sports.

GABI and its partners aim to build a strong, inclusive private sector that derisks economies, attracts investment, creates jobs, and promotes prosperous, sustainable communities across Africa.

​​​One highlight was a closed door meeting between the UN Secretary-General, Mahmoud Ali Youssouf, H.E. João Lourenço, President of Angola, UN Deputy Secretary-General, Strive Masiyiwa and other African business leaders. Fourteen CEOs and heads of multilateral organizations, representing companies based in 16 African countries with a combined revenue of US$22 billion, called on governments to do more to improve the business environment. They emphasized the need for policies that support industrial growth, regional trade, and long-term investment.

Founder and Executive Chairman, ECONET Global and Cassava Technologies, Strive Masiyiwa said: “Unstoppable Africa has become a powerful platform for African and global leaders, and the world’s biggest companies to engage with Africa.”

Unstoppable Africa has become a powerful platform for African and global leaders, and the world’s biggest companies to engage with Africa

Throughout the day, participants highlighted key priorities for Africa’s development, including expanding access to energy, accelerating clean energy adoption, improving healthcare and education, and supporting creative and sports industries.

Reflecting on Africa’s potential, H.E. Mahmoud Ali Youssouf, Chairperson of the African Union Commission, said: “Unstoppable Africa is more than a slogan. It is, first and foremost, a recognition of our potential and a determination to act, to transform the daily lives of African citizens. Building a just, sustainable, and prosperous world will be anchored in shared values, environmental stewardship, and equitable partnerships among governments, international institutions, the private sector, and civil society”.

A trade session explored Africa’s position in a rapidly changing global economy. In light of rising protectionism, tariff disputes, and the weakening of long-standing trade agreements, speakers examined how Africa can adapt to a more fragmented global landscape. World Trade Organization (WTO) Director-General Dr. Ngozi Okonjo-Iweala set the scene in a fireside chat, noting that global companies are seeking to diversify supply chains and that Africa stands out as a destination for growth. She highlighted opportunities in industries such as textiles and oil palm and emphasized that, with over one-third of key mineral reserves, local processing can support green energy supply chains.

H.E. João Lourenço, President of Angola, highlighted the potential of the Lobito Corridor to boost regional trade and industrial growth. He noted that the corridor connects the Atlantic and Indian Oceans, supports a broad economic zone, and can attract private investment to drive production, processing, and exports across Africa.

H.E. Duma Boko, President of Botswana, called for harmonized laws and systems across Africa to facilitate trade. He emphasized the importance of shared investment in infrastructure, including the Lobito Corridor, and urged stronger public-private partnerships, faster approvals, and streamlined processes to enable business growth.

Another session focused on Africa’s growing importance in the global supply of critical minerals essential to the energy transition and digital technologies. Hon. Bogolo Kenewendo, Minister of Minerals and Energy of Botswana, outlined plans to develop local hubs around mines to ensure processing and value addition happen within the country, keeping more economic value in Botswana and strengthening domestic industry.

Mr. Paul Hinks, Chairman and CEO of Symbion Power and HYDRO-LINK, highlighted the strategic importance of rare earths and other critical minerals. He noted global reliance on China for processing and emphasized the growing demand from partners like the United States for alternative, locally processed sources to strengthen supply chain resilience.

Dr. Rajiv Shah, President of the Rockefeller Foundation, highlighted that by the end of the week, 32 nations are expected to sign energy agreements detailing new policies and plans to expand electrification. African leaders also aim to mobilize over $50 billion in affordable finance, supporting Mission 300, the continent-wide goal to accelerate access to reliable power.

An insightful panel on financing Africa’s green industrial future highlighted the importance of local financial leadership in driving the continent’s energy transition. Alain Ebobissé, CEO of Africa50, called for Africans to take the lead in driving the continent’s development while engaging global partners. He emphasized the need for speed and increased investment, noting that African institutional investors manage over US$2 trillion, yet less than 3% is allocated to infrastructure. Increasing this to 5% could significantly close the funding gap. ​     ​

In the side event, the Africa Business Leaders Coalition (ABLC), convened a round table focused on unlocking trade in Africa. 14 CEOs representing over US$20 billion of annual turnover in Africa, shared candid feedback with the Deputy Chair and Commissioner for Economic Development, African Union Commission, Her Excellency, Selma Malika Haddadi, calling for harmonised regulations across the continent.

Day Two of Unstoppable Africa 2025 will continue with discussions on trade, digital innovation, food systems, and investment opportunities across the continent.

Visit HERE (https://apo-opa.co/46xX8lh) for Day 1 event photos and . For speakers’ highlights, visit HERE (https://apo-opa.co/423iPbB). For speakers’ highlights. Follow Unstoppable Africa YouTube channel (https://apo-opa.co/47VasT4) for exclusive content and event highlights.

Distributed by APO Group on behalf of Global Africa Business Initiative.

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Nigeria’s Upstream Reform Program Captures 40% of Africa’s Final Investment Decision (FID) Activity After a Decade on the Margins

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A government three-year review documents how executive action under President Tinubu reversed a decade of upstream decline

JOHANNESBURG, South Africa, May 8, 2026/APO Group/ –Nigeria has gone from capturing 4% of Africa’s upstream final investment decisions (FIDs) to commanding 40% in two years, according to Nigeria’s Energy Sector Reforms 2023-2026: A Three-Year Review, published by the Office of the Special Adviser to the President on Energy and spearheaded by Special Adviser Olu Verheijen. The $50 billion project pipeline now in development beyond 2026 points to sustained capital commitment at a scale not seen in the Nigerian upstream for at least a decade.

 

Between 2014 and 2023, Nigeria was among the continent’s weakest performers for upstream FIDs despite holding 37.5 billion barrels of proven oil reserves, the second-largest endowment in Africa. Algeria captured 44% of African upstream FIDs during that period, Angola held 26%, while Nigeria trailed Mozambique, Ghana, Senegal and Namibia. In the third quarter of 2022, crude production briefly dropped below one million barrels per day, as years of underinvestment, pipeline vandalism and regulatory ambiguity compounded each other. However, reforms instituted by Nigeria’s President Bola Tinubu have dramatically turned this trend around. Through deliberate and coordinated steps, the government has reset the trajectory.

Addressing Fiscal Terms, Regulatory Scope and Contracting Speed

President Bola Tinubu’s administration moved simultaneously on fiscal terms and regulatory architecture. Policy directives in 2023 clarified the boundary of jurisdiction between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), resolving an ambiguity that had complicated project sanctioning. Presidential Directive 40 introduced targeted tax incentives, and a separate Notice of Tax Incentives for Deep Offshore Production in 2024 was designed to draw international oil companies (IOCs) back into capital-intensive, long-cycle deepwater projects. The VAT Modification Order 2024 and Upstream Cost Efficiency Order 2025 addressed the cost structures that had rendered marginal projects uneconomic. NNPCL contracting timelines were compressed from 36 months to a maximum of six months.

Four Divestments Transferred Onshore Control to Indigenous Operators

In parallel, the administration deployed targeted security directives and accelerated ministerial consents for four IOC asset transfers. Renaissance acquired Shell’s onshore portfolio. Seplat Energy completed its acquisition of ExxonMobil’s Nigerian upstream interests. Oando took over from Agip, and Chappal acquired Equinor’s local assets. The four transactions totaled approximately $4 billion. The transfer of onshore and shallow-water blocks to indigenous operators contributed directly to production recovery. Output rose by approximately 400,000 barrels per day between 2023 and 2025 to reach 1.6 million barrels per day, the highest onshore production level in 20 years.

When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds

Signed Projects Total $10 Billion, With a $50 Billion Pipeline Beyond

The reforms produced a concrete FID response from Shell and TotalEnergies. Shell Nigeria Exploration and Production Company (SNEPCo) sanctioned the $5 billion Bonga North deepwater development in December 2024 and committed a further $2 billion to the HI Non-Associated Gas (NAG) project. TotalEnergies and NNPCL took a joint FID on the $550 million Ubeta gas field development in June 2024.

Together those three commitments account for more than $10 billion in signed investment after a decade of near-zero sanctioning activity. The pipeline beyond 2026 spans a further $50 billion across 11 projects including Bonga South West, Owowo, Usan and Erha. Nigeria approved 28 field development plans valued at $18.2 billion in 2025 alone, targeting an estimated 1.4 billion barrels of reserves.

“When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Nigeria has done both, and the FID numbers are concrete proof.”

The Counterfactual Illustrates How Much Was at Stake

The presentation includes a no-reform projection that puts the gains in context. Without intervention, total crude and condensate production was on track to fall from 1.371 million barrels of oil equivalent per day in 2022 to 579,000 by 2030. Under the reform trajectory, output reached 1.77 million barrels of oil equivalent per day in 2026, with a stated government target of 3 million barrels per day. Export gas utilization rose 39% over the same period, while domestic utilization grew by 7%.

The durability of these gains will be tested by two factors: whether the institutional architecture put in place under the Tinubu administration holds over the long term, and whether the deepwater commitments signed in 2024 and 2025 advance to execution on schedule. The project pipeline is large enough that partial delivery would still represent a generational shift in Nigeria’s upstream output profile.

 

Distributed by APO Group on behalf of African Energy Chamber.

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Angola Strengthens Global Investment Drive Across Oil, Gas and Mineral Resources

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With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership

LONDON, United Kingdom, May 8, 2026/APO Group/ –At a defining moment in Angola’s economic transformation, the Critical Minerals Africa Group (CMAG) (https://CMAGAfrica.com), together with the Government of Angola and the Ministry of Mineral Resources, Petroleum and Gas of the Republic of Angola (MIREMPET), will convene global investors, policymakers, and industry leaders in London for the Angola Oil, Gas & Mining Investment Conference on 14 May 2026.

 

More than a conference, this gathering represents a strategic international engagement at a time when Angola is actively reshaping its economic future and positioning itself as one of Africa’s most compelling destinations for long-term investment in natural resources, infrastructure, and industrial development.

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership. The country’s leadership is sending a clear message to global markets: Angola is open for investment and ready to build transformational partnerships that support sustainable growth and economic diversification.

This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future

The event will be headlined by H.E. Diamantino Azevedo, Minister for Mineral Resources, Oil and Gas of Angola, whose leadership since 2017 has been central to advancing Angola’s mineral and hydrocarbons agenda. Under his stewardship, Angola has accelerated institutional reform, strengthened governance frameworks, promoted private sector participation, and prioritised sustainable resource development.

As global demand intensifies for critical minerals, energy security, and resilient supply chains, Angola is uniquely positioned to become a strategic partner to international investors and industrial economies. The country’s vast untapped mineral wealth, significant oil and gas reserves, expanding infrastructure ambitions, and commitment to economic diversification present a rare investment window for global stakeholders.

Speaking ahead of the event, Veronica Bolton Smith, CEO of the Critical Minerals Africa Group said:

“Angola stands at a pivotal point in its national development. The reforms taking place across the country’s extractive sectors are creating unprecedented opportunities for responsible international investment and strategic partnership. This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future as a globally competitive investment destination. We believe this moment represents one of the most important opportunities for international partners to engage with Angola’s leadership and participate in the country’s next chapter of economic transformation.”

The event is expected to attract a distinguished international audience, including sovereign representatives, institutional investors, mining and energy executives, infrastructure developers, development finance institutions, and strategic partners seeking direct engagement with Angola’s leadership.

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

 

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The Islamic Development Bank (IsDB) Group Successfully Concludes Private Sector Roadshow in Baku

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Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan

BAKU, Azerbaijan, May 7, 2026/APO Group/ –The Islamic Development Bank Group (IsDB) affiliates (www.IsDB.org) – namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) – in cooperation with the Islamic Development Bank Group Business Forum (THIQAH), organized the “IsDB Group Private Sector Roadshow” in Baku, Azerbaijan, in close collaboration with the Ministry of Economy of the Republic of Azerbaijan and the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO).

 

The high-profile event which took place on Thursday, 7th May 2026, at Azerbaijan’s Ministry of Economy, came as part of ongoing preparations for the upcoming IsDB Group Annual Meetings and Private Sector Forum (PSF 2026), scheduled to take place from 16 to 19 June 2026, under the high patronage of His Excellency President Ilham Aliyev, the President of the Republic of Azerbaijan.

 

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan. It highlighted the Group’s ongoing support for private sector development and its efforts to stimulate promising investment and trade opportunities in the Azerbaijani market.

 

The event also served as a unique opportunity inviting the audience to participate actively in IsDB Group Annual Meetings and the Private Sector Forum (PSF 2026). The program included panel discussions and specialized workshops on ways to enhance economic partnerships and the role of IsDB Group’s institutions in supporting the needs of member countries. The spectra of services, solutions and financial tools were also presented, including lines and modes of Islamic financing, trade finance and trade development solutions, corporate private sector financing, as well as risk mitigation solutions plus investment insurance and export credit insurance services.

 

Keynote speakers, in their speeches, underlined strong commitment to deepening engagement with the private sector and fostering meaningful partnerships that drive sustainable economic growth in light of the upcoming IsDB Group Annual Meetings in Baku, all to showcase integrated solutions especially in Islamic finance, trade, investment, and risk mitigation while working closely and collectively with private sector partners to unlock new opportunities, support innovation, and empower businesses contributing to inclusive and resilient development across IsDB Group member countries.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

 

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