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How a Regional Company Beat a Global Competitor to a USD 170 Million Kenyan Contract (By Sharon Cheramboss)

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The proposal wasn’t better and the price wasn’t lower; the difference had been building before the tender was published

JOHANNESBURG, South Africa, August 19, 2026/APO Group/ —By Sharon Cheramboss, Senior Growth Director, APO Group (https://APO-opa.com).

In 2014, I watched a global technology company lose a government digital infrastructure tender in Kenya. The project was valued at about USD 170 million and attracted strong international and regional competitors. On paper, the global company looked like the obvious winner. It had delivered similar initiatives across multiple continents, had deep technical expertise, substantial implementation capacity, and an international reputation.

The contract went to a regional technology company with a fraction of the global company’s footprint.

My first assumption was that the technical evaluation or commercial proposal must have favoured the regional bidder. But nothing that emerged afterwards supported that. There was no indication the proposal had been weaker, no suggestion the pricing was uncompetitive, and no flaw in the procurement process to point to.

In the weeks that followed, I spoke with people involved in East Africa’s tech ecosystem and looked more closely at the two organisations’ presence in the market. A pattern emerged. The regional company had spent years becoming part of the market it wanted to serve. Its executives regularly shared perspectives on issues decision-makers faced, from digital identity and data governance to the practical realities of implementing public sector technology in East Africa. They spoke at regional forums alongside regulators, development finance institutions, and government agencies. They wrote for The EastAfrican and Business Daily, which policymakers and senior executives read.

By the time procurement began, it was no longer simply another bidder. It had become recognised as an organisation that understood how the sector worked.

What the Questions Reveal

Over more than 14 years working with technology, telecommunications, and innovation organisations across East Africa, I’ve seen the same pattern emerge repeatedly. Companies often assume opportunities are won or lost on pricing, product features, or proposal quality. Those factors matter, but they rarely explain why one organisation consistently wins while another, equally capable, falls short.

Over time, I noticed an early indicator.

Long before organisations submit a proposal or begin serious commercial discussions, they reveal how prepared they are by the way they talk about growth. So, I listen for how they speak. The questions they ask in those early conversations reveal more than leaders realise. Some want to know how quickly they can generate leads, who the largest customers are, or how soon they can begin selling.

Others ask different questions.

Who influences this sector? Which ministries, regulators, or industry associations shape decisions? Which publications do policymakers and business leaders read? Which conferences matter? Which conversations should we be contributing to before we have something to sell?

Those questions tell me an organisation is preparing to participate in a market, not transact in it.

Organisations looking to grow into new markets must understand the market, identify the stakeholders who matter, and build credibility with them over time

It becomes clearer still when they describe their strategy.

If they simply say they are expanding into “Africa” or even “Sub-Saharan Africa”, it usually tells me their presence is organisational rather than commercial. They may have established a regional office, but they haven’t yet developed a market position.

The conversation changes when leaders begin naming countries, sectors, institutions, publications, and stakeholders. They understand that credibility is built market by market. What builds trust in Nairobi isn’t necessarily what builds confidence in Dakar. That’s exactly what the regional company had spent years doing before the tender was ever announced. I’ve also seen the reverse play out.

A private education company with a technology-enabled model for reaching underserved communities entered several African markets, believing its global reputation would open doors.  It had a proven model, technology built for the market, and funding behind it. What it never built was local visibility. Its coverage, interviews, and public statements were aimed at donors and international financiers. The story it told was about global scale and capital, not local relevance. Its own impact report, the document that should have built confidence in the market, was never published in local media. It existed for an international audience and never made it home.

Before organisations commit millions of dollars or award strategically important contracts, they rarely rely on proposals and presentations alone. They look for evidence that a company understands the market, has invested consistently in the sector, and has earned credibility with the people and institutions that shape it.

This isn’t about private networks or knowing the right people. It’s about building a public track record of expertise over time. Publishing informed perspectives. Speaking at respected industry events. Contributing to policy discussions. Demonstrating an understanding of local priorities before asking anyone to buy.

Any organisation can do this. But very few do, because this kind of investment is slow. It costs for two or three years before it produces anything a finance team can point to. It cannot be attributed to any specific contract, because by design it happens before the contract exists. And it usually must be approved by a head office that sets budgets against near-term pipeline.

The people who understand this best are often the ones least able to fund it. The country director who knows exactly which forums matter and which relationships take years to build is asking a global CFO to spend against a return that will show up in someone else’s reporting period.

That’s the real barrier. Not conviction. Structure.

When Growth is Fragmented

Budget isn’t the only obstacle. The work of building credibility is also spread across different parts of the organisation.

Market understanding sits with one team. Stakeholder engagement with another. Communications is responsible for visibility. Business development is expected to convert opportunities into revenue. Each has different budgets, different leaders, and different performance measures. Individually, they’re doing exactly what they’ve been asked to do.

Clients don’t experience them separately. They experience a single organisation and form a single judgement: does this company understand the market it wants to serve?

When these activities aren’t connected, credibility is built in fragments rather than over time. The organisations that consistently succeed treat these as one discipline, not four. They’re different expressions of the same growth strategy.

Communications is usually the thread that holds them together, though it’s rarely described that way. One company won because it published, spoke, and contributed to the debates its buyers cared about. The other lost because the document that could have earned it local confidence never reached a local newsroom. We see this almost daily at APO Group. Organisations looking to grow into new markets must understand the market, identify the stakeholders who matter, and build credibility with them over time.

Growth isn’t built at the point of sale. It’s built in the years beforehand. The question worth asking is not whether your next proposal will be strong enough. It’s whether the market will already know who you are when it lands.

Distributed by APO Group on behalf of APO Group Insights.

 

Business

African Energy Leaders Call for Action on South-South Oil and Gas Partnerships

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African Energy Chamber

At AEW 2026, industry representatives from Africa and the Caribbean say joint ventures, enforceable local-content rules and regional financing are needed to turn petroleum resources into domestic industrial growth

CAPE TOWN, South Africa, October 17, 2026/APO Group/ –African and Caribbean energy leaders called for stronger cross-border investment, technology transfer and enforceable local-content requirements to ensure emerging oil and gas producers capture more value from their resources during the session South-South Energy Partnership: Advancing Africa’s Oil and Gas Future in 2026 at African Energy Week (AEW) 2026 in Cape Town.

 




 
 

Ndapwilapo Selma Shimutwikeni, CEO, RichAfrica Consultancy, said partnerships could accelerate skills development.

“From a business perspective, we need to build partnerships that encourage joint ventures between experienced countries and emerging countries like Namibia,” she said. “We need to look beyond just oil production and actually look at the entire value chain.”

Building on Shimutwikeni’s remarks, Gilbert Yevi, Lead Consultant, Grenada Hydrocarbon Technical Working Group, called for partnerships that share risks and benefits rather than simply replace one source of financing with another.

We want cooperation and a collaboration in risk sharing, skill sharing, and sharing in the benefits

“We want cooperation and a collaboration in risk sharing, skill sharing, and sharing in the benefits,” he said.

Yevi also advocated regional training centers to pool expertise and help emerging producers access established industry capabilities.

Expanding on the topic of local content, Eric Williams, Principal Consultant and President, Royal Triangle Energy Solutions, said policies must be linked to a broader national development strategy, using petroleum resources to build domestic industries rather than focusing solely on exports.

“The Trinidad model is about using the molecules to develop the country,” he said, arguing that this vision should shape negotiations with upstream investors and the terms of petroleum contracts.

Omar Farouk Ibrahim, Regional Chair for Africa, World Energy Council, said national sovereignty concerns continued to limit practical regional cooperation, despite public commitments to collaboration.

“The first question they ask is: ‘Will the industry be in my territory?’ If it’s not, why should I? And for as long as we have this mentality, believe me, this cooperation and collaboration we’re talking about will just be theory,” he said.

Across the discussion, speakers emphasized that cooperation must translate into financing, enforceable commitments and local capabilities that endure beyond individual projects.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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Nigeria NOW! opens its project boardrooms to global investors in Abuja

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Nigeria

With Nigeria’s annual mining revenue up more than tenfold to above N70bn, Nigeria NOW! brings global investors to Abuja on 19 and 20 November, where the Minister of Solid Minerals Development is Chief Host

First and foremost all international investors coming to Abuja should understand that Nigeria is ready and open for business

LONDON, United Kingdom, October 21, 2026/APO Group/ –Platinum group metals, gold, nickel, copper, lithium and rare earth elements lie together in one mineral province in Kaduna State, which the Minister of Solid Minerals Development announced in June as world-class and the Nigerian Geological Survey Agency has verified. The Ministry opens its doors to global investors at Nigeria NOW!, held at the Bola Ahmed Tinubu International Conference Centre in Abuja on 19 and 20 November.

 




  

Processing is following the discoveries, as lithium facilities of $600m in Nasarawa State and $200m near Abuja sit alongside a $400m rare earth processing project in Nasarawa, and mining lease applicants must now submit value-addition plans. Annual mining revenue has risen from about N6bn before the current administration to more than N70bn by the end of 2025.

The routes to export markets are moving too, as the Federal Executive Council has approved deep seaports at Bakassi and Ondo as public-private partnerships, with the Bakassi port alone valued at $2.27bn.

With a month to go, investors and developers travelling to Abuja will meet these projects at close quarters. In investor boardrooms, the Government of Nigeria will review specific projects in depth, from large-scale infrastructure to multilateral programmes such as Mission 300.

Speaking to Energy News Network in September, Tunde Arisekola, Senior Advisor, Geological and Minerals Information at the African Minerals Development Centre, who joins the minerals session on the first day, said that “first and foremost all international investors coming to Abuja should understand that Nigeria is ready and open for business”. In the same interview he described Nigeria’s economy as “stable, safe, peaceful and welcoming to all international investors”.

The programme opens with a welcome from the Chief Host, H.E. Dr Oladele Henry Alake, Minister of Solid Minerals Development, followed by sessions on how the Ministry of Power will drive capacity into Nigeria’s industrial hubs and on the policies opening the minerals sector to foreign investment, including domestic processing and value addition. The second day turns to the pipeline of transport and port infrastructure and the $1bn Domestic Green Bond, and closes with an investors’ clinic on the 2025 Tax Act.

Lagos State Government, a Nigeria NOW! partner, now regulates its own electricity market after NERC transferred oversight to the Lagos State Electricity Regulatory Commission. Hon. Biodun Ogunleye, Lagos State Commissioner for Energy and Mineral Resources, told Energy News Network that “capital follows bankable cashflows”. The state’s job, he said, is “to create both the infrastructure plan and the commercial architecture that makes that plan financeable”.

On Friday 20 November, YES! Nigeria runs alongside the main programme under the theme “Empowering Today’s Entrepreneurs, Building Tomorrow’s Industrialists”. Abuja University and Philomath University are partners, and the Youth Sustainable Development Network is Community Partner. Its opening session hands the stage to young Nigerians already at work in the sector, among them Damilola Hamid Balogun of YSDN and Emmanuel Terwase of Boost Power.

Nigeria NOW! is held under the patronage of the Minister of Solid Minerals Development, with the Lagos State Government, the Nigerian Indigenous Women in Mining & Natural Resources Organisation, Women in Mining, Nextier and The Electricity Hub as partners.

Distributed by APO Group on behalf of EnergyNet Ltd..

 




 

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Global Islamic finance industry assets to reach US$10.5 trillion by 2030 as adoption broadens

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Global Islamic finance

The report draws on the Islamic Finance Development Indicator (IFDI), a global benchmark that assesses the development of the Islamic finance industry across 140 countries through five key areas, Financial Performance, Governance, Sustainability, Awareness, and Knowledge

For ICD, these developments reinforce the importance of ensuring that Islamic finance serves as a practical instrument for inclusive and sustainable economic transformation

KUALA LUMPUR, Malaysia, October 21, 2026/APO Group/ –LSEG, in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of the Islamic Development Bank (IsDB) Group, today announced the results of the 2026 edition of the Islamic Finance Development Report at the Kuala Lumpur Islamic Finance Forum (KLIFF) in Malaysia.

 




  

Key findings of the report include:

  • The global Islamic finance industry maintained a strong growth trajectory in 2025, with total assets reaching US$6.5 trillion, up 9% year-on-year. Growth was supported by the continued expansion in Islamic banking, record sukuk issuance, strong Islamic fund performance, and new regulatory frameworks.
  • Malaysia, Saudi Arabia, the United Arab Emirates, Indonesia, and Pakistan retained their positions as the world’s most developed Islamic finance markets. These countries continued to benefit from comprehensive regulation, strong institutional development, active financial markets, and well-established knowledge ecosystems.
  • Several markets recorded notable gains in performance, including Türkiye, Tanzania, Kenya, Benin, Azerbaijan, and Uzbekistan, highlighting the growing momentum across both established and emerging Islamic finance markets.

The report also identified several structural trends that are shaping the industry’s development. Regulatory reforms and stronger market infrastructure are supporting growth beyond core markets, particularly across Africa and Central Asia. Sustainability guidelines are increasingly prioritised, although activity remains concentrated in developed markets. Digitalisation is also advancing, with FinTech, open banking, and tokenised sukuk influencing financing, issuance, and settlement while widening access to financial products. However, talent development is lagging industry expansion, emphasising the need for stronger specialist education.

Khalid Khalafalla, Acting Chief Executive Officer of ICD, said: “For ICD, these developments reinforce the importance of ensuring that Islamic finance serves as a practical instrument for inclusive and sustainable economic transformation. ICD remains committed to advancing private-sector development across its member countries through targeted financing and the promotion of Islamic financial solutions.”

Mustafa Adil, Head of Islamic Finance, LSEG, added: “Looking ahead, global Islamic finance assets are projected to exceed US$10.5 trillion by 2030, supported by continued Islamic banking expansion, growing sukuk issuance momentum, emerging-market adoption and demand for sustainable and digital financial solutions.”

The report draws on the Islamic Finance Development Indicator (IFDI), a global benchmark that assesses the development of the Islamic finance industry across 140 countries through five key areas, Financial Performance, Governance, Sustainability, Awareness, and Knowledge. It provides a holistic view of the global Islamic finance landscape, measuring progress in alignment with Islamic principles and supporting stakeholders in identifying opportunities for growth and reform.

Read full report: Link (https://apo-opa.co/3TTw9yq)

Distributed by APO Group on behalf of Islamic Corporation for the Development of the Private Sector (ICD).

 




 

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