Connect with us
Anglostratits

Business

Global Gateway: European Commission and African Development Bank Group unlock new funding for African infrastructure projects

Published

on

Global Gateway

This agreement will enable a series of investments in Sub-Saharan Africa in strategic transport corridors, in energy and digital connectivity

Também disponível em Portuguêsتتوفر أيضا في العربية

ROME, Italy, January 29, 2024/APO Group/ — 

On the sidelines of this week’s Italy-Africa Summit, the European Commission (EC) and the African Development Bank Group (www.AfDB.org) have formalised a new Financial Framework Partnership Agreement to boost investments in infrastructure projects in Africa.

The European Union’s contribution to co-finance operations with the African Development Bank has significantly increased over the last two years, now amounting to €972 million in blending operations and guarantees. This figure will further increase after the signing of the new Financial Framework Partnership Agreement.

Signed by European Commission President Ursula von der Leyen and African Development Bank Group President Dr Akinwumi Adesina, this landmark agreement renews the partnership between the two organisations. It opens a wide range of opportunities for both organisations to deliver new joint financing for infrastructure projects. For the EU, this would be in keeping with the priorities of the Global Gateway, its strategy to deliver sustainable and trusted connections with partner countries. Between 2021 and 2027, through the Africa-EU Global Gateway Investment Package, the EU will support the African continent with €150 billion worth of investments.

This agreement will empower us to support ambitious infrastructure projects across Africa under Global Gateway, Europe’s investment strategy for the world

President von der Leyen said: “I’m very glad to launch a new era of cooperation with the African Development Bank Group. This agreement will empower us to support ambitious infrastructure projects across Africa under Global Gateway, Europe’s investment strategy for the world. Together we will build clean and competitive economies across the continent, promote skills, create jobs and opportunities, especially for Africa’s vibrant youth. I’m looking forward to the great projects we will work on together, as partners.”

President Adesina said: “The signing of this important Financial Framework Partnership Agreement marks the positive evolution of the relationship between Africa and the European Union. It will enable the African Development Bank Group and the European Commission to leverage on their respective resources to significantly support transformative investments in African countries and build resilient and sustainable economies. I am looking forward to scaling up our strong partnership with the European Commission and to making huge progress towards the achievement of the African Development Bank Group’s High 5 strategic priorities.”

This agreement will enable a series of investments in Sub-Saharan Africa in strategic transport corridors, in energy and digital connectivity. One of the main joint projects is the development of the “Lobito Corridor,” an innovative transport corridor that will enhance export possibilities for Zambia, Angola, and the Democratic Republic of Congo, to boost the circulation of goods and to promote the mobility of citizens. At the Global Gateway Forum in October 2023 the EU and the African Development Bank signed a Memorandum of Understanding with Global Partners to mobilise financing for the development of this corridor. Other partners include the host governments of Angola, DRC and Zambia, the US Government and the Africa Finance Corporation. 

The European Commission and the African Development Bank Group have closely aligned strategic priorities and programming. A cooperation agreement signed in 2014 expired in April 2019. Negotiations for a new agreement began after the implementation of the European Commission’s new Financial Regulation in 2018. These negotiations also considered developments in both organisations, notably in new provisions regarding the African Development Bank Group’s compliance with EU Restrictive Measures.

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

Business

DHL Invests in Greater Middle East-Africa Connectivity with New Aviation Lane

Published

on

DHL Express

The investment also reflects shifting global supply chains, as companies diversify sourcing, manufacturing and customer markets beyond traditional corridors

JOHANNESBURG, South Africa, September 21, 2026/APO Group/ —

  • New weekly B767/F Bahrain-Johannesburg service strengthens Sub-Saharan Africa connectivity and supports growing trade flows between Africa, the Gulf and global markets

DHL Express (www.DHL.com) has marked an important milestone in its regional aviation network with the successful operation of the first direct DHL flight between Bahrain and South Africa.

The inaugural flight arrived at OR Tambo International Airport in Johannesburg, opening a new weekly aviation lane operated by a DHL Express B767/F freighter. The route reinforces DHL’s continued investment in strengthening Sub-Saharan Africa network connectivity, expanding heavier-weight capability, improving flexibility and supporting growing trade flows between the Middle East and Africa.

 




  

As trade between Africa and the Middle East develops, businesses need resilient, well-connected logistics networks. The new service provides greater inbound and outbound capacity for South Africa and neighbouring countries through the DHL Johannesburg Hub, one of the company’s key gateways on the continent.

 

The investment also reflects shifting global supply chains, as companies diversify sourcing, manufacturing and customer markets beyond traditional corridors. Bahrain’s position as a gateway between Africa, the Gulf and Asia make it an important link for businesses seeking faster access to international markets.

 

Every new connection we introduce is designed with our customers in mind

“Every new connection we introduce is designed with our customers in mind. As global trade routes diversify and economic ties between Africa and the Middle East continue to strengthen, we are seeing powerful geographical tailwinds creating new opportunities for businesses. Demand is growing across sectors such as healthcare, technology, manufacturing and cross-border e-commerce, all of which rely on fast, reliable international logistics,” said Anthony Beckley, Vice President of Operations and Aviation for DHL Express Sub-Saharan Africa.

 

“While this first direct DHL flight between Bahrain and South Africa is a significant network milestone, its real value lies in the opportunities it creates for customers.”

 

 

South Africa is one of DHL’s Geographic Tailwinds markets, reflecting its growing role in global trade flows and its potential to drive future trade growth. And Johannesburg remains a critical gateway in DHL’s SSA network, linking South Africa and neighbouring markets to global opportunities through Bahrain and the wider DHL aviation network. Through continued investment in routes, aircraft capacity and hub connectivity, DHL is supporting customers across this dynamic lane.

 

“DHL Express is the only logistics provider operating a dedicated intra-regional air fleet across the Middle East, connecting customers through Bahrain with major global gateways including Hong Kong, Leipzig and Cincinnati,” said Richard Gale, Vice President of Aviation, DHL Express MENA.

 

“Bahrain’s position at the crossroads of Africa and the Middle East makes it an ideal hub for customers seeking faster, more reliable access across these growing trade corridors. We are pleased to add this direct Johannesburg connection as economic ties between Africa and the Gulf deepen.”

 

DHL remains committed to helping customers seize opportunities created by changing trade patterns and expanding economic relationships.

Distributed by APO Group on behalf of DHL Express.

 

 




 

Continue Reading

Business

Afreximbank and Africa Trading and Distribution Company (ATDC) sign US$500 million facility to expand African trade and distribution

Published

on

Afreximbank

Under the Facility, Afreximbank will provide ATDC with trade-finance capacity to undertake and scale eligible trading and distribution transactions across the continent

CAIRO, Egypt, September 21, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the Africa Trading and Distribution Company (ATDC) have signed a US$500 million Global Credit facility agreement to support trade, movement and distribution of commodities and products across African and global markets.

 




  

ATDC is a pan-African platform established to support the expansion of Africa’s trade, accelerate industrialisation through increased local value addition, and strengthen economic integration across the continent. With initial local operations in Egypt, Nigeria, Malawi and Zimbabwe, the platform is closing gaps in trade and market intelligence, improving market access, and supporting implementation of the African Continental Free Trade Area (AfCFTA).

This facility strengthens ATDC’s ability to aggregate supply, mobilise working capital and move goods efficiently across value chains

Under the Facility, Afreximbank will provide ATDC with trade-finance capacity to undertake and scale eligible trading and distribution transactions across the continent. The financing will support purchasing and aggregation of African goods, associated logistics, transportation, warehousing and distribution costs, providing ATDC with the financing required across different stages of the trade and distribution cycle.

ATDC will deploy financing available under the facility towards eligible trade, logistics and distribution transactions with repayments anchored on proceeds generated from the sale of goods financed through the facility.

Commenting on the signing, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, Afreximbank commented: “The US$500 million Global Credit Facility extended to ATDC underscores Afreximbank’s commitment to strengthening the trade, logistics and distribution architecture required to realise the full potential of the African Continental Free Trade Area (AfCFTA). By facilitating the efficient distribution of ‘Made-in-Africa’ goods across the continent, the facility will deepen regional value chains, expand market access for African producers, and boost manufactured exports, advancing the AfCFTA’s vision of a more integrated and industrialised African economy. It will also enhance the global competitiveness of African products, positioning the continent as a significant exporter of value-added and manufactured goods. These are critical building blocks for expanding Africa’s export footprint and driving the continent’s economic transformation”.

Mr. Stewart Makura, Chief Executive Officer of ATDC, said: “Realising Africa’s full trade potential requires reliable systems that connect producers, processors, manufacturers and markets. This facility strengthens ATDC’s ability to aggregate supply, mobilise working capital and move goods efficiently across value chains. Together with Afreximbank, we will support stronger supply chains, value addition, import substitution and intra-African trade.”

Beyond financing individual transactions, the facility will help ATDC develop repeatable trade corridors and expand access to dependable sourcing and distribution networks across African markets. It will support commercially sustainable trade flows, greater processing of African commodities and increased regional availability of raw materials, inputs and value-added products.

Distributed by APO Group on behalf of Afreximbank.

 




 

Continue Reading

Business

Plast Eurasia invites Middle East buyers for its 35th edition

Published

on

Plast Eurasia

Tüyap will stage the 35th edition of Plast Eurasia in Istanbul on December 2–5, bringing plastics machinery, raw materials and chemicals together as organisers target 80,000 visitors, including business audiences from the Middle East and North Africa

ISTANBUL, Türkiye, September 21, 2026/APO Group/ –Plast Eurasia (www.PlastEurasia.com), the 35th International Istanbul Plastics Industry Fair, will take place at Tüyap Fair and Congress Center in Istanbul from December 2–5, 2026, bringing manufacturers, technology providers, raw material suppliers, distributors, buyers and other industry professionals together around cross-border trade and new production technologies.

“Plast Eurasia is designated among the prestigious trade fairs by the Ministry of Trade. For 35 years, it has supported the sector’s development and growth by helping companies build commercial connections,” said İlhan Ersözlü, General Manager at Tüyap Fairs Production Inc. “We are carrying that experience into this edition with a focus on trade, technology and the continued development of the industry.”

 




  

MENA buyers among international visitor targets

 

Interest in the 2026 fair is already reflected in stand sales. Around 3 months before the opening, 90% of exhibition space had been sold, while organizers expect 80,000 domestic and international visitors.

 

Visitor outreach is focused on Germany, Belgium, Greece, Romania, France, Italy and Poland, alongside the United Arab Emirates, Morocco, Qatar and Saudi Arabia. The four MENA markets are part of the fair’s wider effort to attract professional buyers from different regions to Istanbul. The country mix gives the event a regional dimension spanning Europe and MENA.

 

For exhibitors, the international visitor mix is intended to support new commercial contacts and the development of existing trading relationships. For buyers, the fair brings machinery suppliers, materials companies and other plastics industry participants together in one location.

 

Machinery and materials share the trade agenda

 

Plast Eurasia will bring together two core parts of the plastics industry, plastic production machinery and raw materials and chemicals. The exhibition will also cover next-generation production technologies, machinery solutions and developments around efficiency, innovation and value-added production.

 

We are carrying that experience into this edition with a focus on trade, technology and the continued development of the industry

This structure allows industry professionals to review equipment, materials and production approaches during the same visit. New products and technologies will sit alongside meetings aimed at helping companies assess business opportunities across international markets.

 

35th-year program looks back and ahead

 

The anniversary program will include a Milestones Map tracing key stages in the fair’s 35-year history and changes in the plastics industry. A chronological presentation will show how the fair and the sector have developed over that period.

 

An exhibition of historic plastics production machinery will show how production technologies have changed over time. Companies that have contributed to Plast Eurasia’s development during its 35-year history will also be recognized with plaques at the opening ceremony.

 

The Stage is Yours! program will give exhibitors 30-minute presentation slots in the foyer to share value-added products, technologies, success stories and industry solutions with visitors.

 

“Hosted Buyer Guided Tour” focuses on relevant meetings

 

Guided tours will be organized for international purchasing delegations. The program will include guided routes, visits to demo and event areas, access to the Hosted Buyer Lounge and dedicated support services.

 

It is designed to help buyers reach relevant product groups and exhibitors more efficiently, while giving participating companies more focused contact with international purchasing teams.

 

Plast Eurasia is organized by Tüyap Fairs and Exhibitions Organization Inc. in cooperation with PAGEV (Turkish Plastics Industry Research, Development and Education Foundation) and with the support of the Republic of Türkiye Ministry of Trade. Visitor hours are 10.00–18.00 on December 2–4 and 10.00–17.00 on December 5.

Distributed by APO Group on behalf of TÜYAP.

 

 




 

Continue Reading

Trending