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KenGen Picked as Country Host as Nairobi Opens Doors to Africa Energy Forum 2023 (AEF)

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KenGen

Achieving ‘firsts’ is nothing new to KenGen, having been the very first public utility on the continent to offer shares on the Nairobi Securities Exchange (NSE)

NAIROBI, Kenya, June 12, 2023/APO Group/ — 

Back in 1998, Kenya Electricity Generating Company PLC (KenGen) became the first public utility to confirm attendance at the inaugural Africa Energy Forum (AEF). A quarter of a century later, the leading electricity generator in East Africa and a leading global geothermal developer will profit from its unwavering loyalty, as Kenya’s capital, Nairobi opens its doors to the event and a delegation of global innovators, decision-makers, financiers, ministers, and future game-changers.

Achieving ‘firsts’ is nothing new to KenGen, having been the very first public utility on the continent to offer shares on the Nairobi Securities Exchange (NSE), to ignite investments into the energy sector in the country as a result, to export skills to the continent and to catalyse new forms of electrification such as with geothermal. It is through these efforts that Kenya’s energy mix now comprises the highest proportion of renewables in Africa, amounting to close to 92 percent.

KenGen has also been no stranger to sharing its expertise and success stories through the lens of conferences. The organisation hosts an annual Good-to-Great Global Innovation seminar to give a voice to innovators from across their teams, to charge development, and to entice new ideas for the next phase of evolution. KenGen also hosted its inaugural annual Sustainable Energy Conference last year and plans are underway to hold the second edition later in the year.

The Company’s constant strive for improvement is especially poignant given that it was first incorporated back in 1954 with the mandate to generate electricity through the development, management, and operation of power plants. Regular restructurings, strategic pivots, and investment boosts have ensured that KenGen has moved with the times throughout its tenure, making it a natural fit for AEF – an event that has similarly sought to stay abreast of current challenges while also keeping ahead of the curve regarding future power requirements.

KenGen Chairman, Julius Migos Ogamba, says: “Since its inception in 1954, KenGen has made considerable inroads in Kenya’s energy sector. With an installed electricity generation market share of 65 percent and an installed capacity of 1,904MW, KenGen is the largest energy producer in East Africa. In Africa, KenGen is currently working with electricity agencies in Ethiopia and Djibouti providing geothermal drilling services.”

The strategy remains to deliver competitively priced clean energy by creating value for shareholders and while expanding energy sources and revenue streams

For his part, Ag. Managing Director and CEO, Abraham Serem, affirmed the NSE-listed firm’s strategic direction going forward, saying: “The strategy remains to deliver competitively priced clean energy by creating value for shareholders and while expanding energy sources and revenue streams. The company’s installed generation capacity mix includes hydro 43%, geothermal 42%, thermal 14%, and wind 1%.”

KenGen’s full scope spans six operational areas, built of a geothermal area along the Great Rift Valley, with geothermal power plants and wellheads running as baseload energy sources in two of the sites – Olkaria and Eburru. The Western region has an installed capacity of 250MW encompassing four hydro stations, a thermal power plant, and gas turbine units. Meanwhile, the Eastern region is made up of five power plants along the Tana River cascade; compounded by four more in the Upper Tana region, as well as the Ngong wind plants in the outskirts of Nairobi. Today, hydro still remains KenGen’s leading source of energy, consisting of an installed capacity of 826MW.

This volume of generation across a diverse mix of sources epitomises why the company has become such a pioneer on the continent over the years, and why it has so much knowledge to share at events such as AEF. While it has been a concerted effort of the event to make Kenya the first mainland African host of AEF, it has also been an ambition of the country to leverage KenGen’s expertise and to open its doors to the world via such a global forum.

“One of the key economic drivers in Kenya is the tourism sector and conference tourism has grown to become a major contributor to the same. The government has therefore placed great importance to ensuring that Kenya is not only a global holiday destination but equally a global business and conference destination,” says Davis Chirchir, Cabinet Secretary for Energy and Petroleum, Republic of Kenya. “Taking place under the important theme of ‘Africa for Africa’, we look forward to welcoming AEF’s many partners and developers from across the world, as well as our colleagues from across Africa’s ministries and public sectors – all of whom are welcome, and we are grateful for their efforts to reduce the energy deficit, both regionally and across the broader continent.”

Merging a shared vision for a prosperous future in Africa, driven by energy innovations, Kenya will reaffirm at AEF its mission to invest significantly in future industries. This especially targets climate-resilient technologies for mining, carbon reduction, and the development of green industries, including green steel and hydrogen.

Mr. Chirchir continues: “We have already formed an inter-governmental Task Force to ensure that the forum’s delegates have an exceptional experience during their time with us in Kenya. This Task Force, which includes the Ministry of Tourism, is also supporting those planning to explore our great nation beyond the borders of Nairobi City, to enjoy the safaris in numerous parts of the country as well as several areas of outstanding national beauty along the coastline.

“We extend the warm hand of friendship to all those joining us and look forward to an exceptional week of productive meetings.”

Facilitating energy investment in fast-growing economies – EnergyNet has produced investment forums and executive dialogues for Africa and Latin America’s power sectors for the last 25 years – in Europe, the USA, Asia and across Africa and Latin America.

Distributed by APO Group on behalf of EnergyNet Ltd..

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African Mining Week (AMW) to Unlock Zimbabwe’s $12B Mining Vision Through Direct Investor Partnerships

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A dedicated country spotlight at African Mining Week 2026 will showcase regulatory reforms and project developments across Zimbabwe’s mining value chain

CAPE TOWN, South Africa, June 25, 2026/APO Group/ –African Mining Week 2026 – The Most Influential Mining Conference in Africa – will connect Zimbabwean regulators and mining stakeholders with global investors to advance partnerships, as the country accelerates efforts to build a $12 billion mining industry by 2030.

Taking place from October 14 – 16 in Cape Town, AMW 2026 will feature a dedicated Zimbabwe Country Spotlight, showcasing lucrative opportunities across the country’s mining value chain. The country spotlight will feature high-level panel discussions, exclusive networking sessions and project showcases, connecting global investors and service providers with senior decision-makers from the Ministry of Mines and Mining Development of Zimbabwe, the Chamber of Mines of Zimbabwe and leading mining companies operating across the country.

The spotlight comes at a pivotal moment for Zimbabwe, as the country seeks fresh capital to unlock value from more than 60 known mineral occurrences spanning gold, lithium, platinum group metals, chrome, coal and rare earths.

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In a major move to improve investment competitiveness, Zimbabwe reduced mining-related license and permit fees in May 2026, lowering operational costs for investors while streamlining market participation. Registration fees for dealing in precious stones have been reduced from $15,000 to $10,000, while export permit fees have been cut from $1,875 to $500. New licensing categories – including permits for gold jewellery manufacturing and lithium processing plants – have also been introduced as part of a broader strategy to promote investments across in-country value addition projects. The reduction in fees for beneficiation projects follows the April 2026 introduction of export quotas for lithium concentrates ahead of a planned 2027 ban on concentrate exports. The shift is already reshaping the country’s lithium industry, with Zhejiang Huayou Cobalt achieving Zimbabwe’s first export shipment of lithium sulphate salts in April 2026.

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Coming into this picture, AMW 2026’s Zimbabwe Country Spotlight will provide investors with direct insights into these evolving regulatory frameworks, highlighting emerging investment and partnership prospects in lithium processing and across the mining value chain.

Zimbabwe’s gold sector is also positioned for renewed growth amid sustained high global gold prices (averaging $5,000 per ounce). In line with this momentum, Zimbabwe’s sovereign wealth fund, Mutapa Investment Fund, is seeking $250 million to expand gold mining operations. Against this backdrop, AMW 2026 offers a timely platform for investors to engage with one of Africa’s most prospective brownfield gold markets and explore opportunities across exploration, mine expansion and processing infrastructure.

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AMW 2026’s strong emphasis on artisanal and small-scale mining (ASM) formalization also aligns closely with Zimbabwe’s national mining development strategy. In May 2026, Zimbabwe certified 300 small-scale miners following completion of training programs safety, compliance and productivity. Supported by funding from Mutapa Gold Resources – a subsidiary of Mutapa Investment Fund – the initiative aims to train and formalize 1,500 ASM players.

 

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As the official platform where Africa’s mining opportunities are discussed and maximized, AMW 2026 will provide stakeholders with market intelligence on Zimbabwe’s evolving mining landscape and investment outlook.

Distributed by APO Group on behalf of Energy Capital & Power.

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Afreximbank Africa Trade Report shows Africa can turn geopolitical disruptions into long-term growth opportunity

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The report highlights Africa’s continued growth resilience despite significant headwinds occasioned by escalating geopolitical tensions and ensuing economic shifts

CAIRO, Egypt, June 24, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has launched the 2026 edition of its flagship African Trade Report themed “Leveraging Geopolitics for Trade and Industrialisation in Global Africa.” The report presents a comprehensive review of trade and economic developments across Africa and globally in the context of the 2025 operating environment, while outlining available strategic options for Africa to transform ongoing geopolitical tensions and associated supply chain disruptions into long-term resilience for growth and shared prosperity across the continent.

 

The report highlights Africa’s continued growth resilience despite significant headwinds occasioned by escalating geopolitical tensions and ensuing economic shifts. Reflecting the continent’s growth resilience, the report shows that while global economic growth slowed to 3.4 percent in 2025 and is projected to further ease to 3.1 percent in 2026, Africa’s real GDP growth strengthened from 3.4 percent in 2024 to 4.5 percent in 2025. This performance not only surpasses the global average but also highlights the continent’s improving economic fundamentals in a fractured world economic order.

Africa’s merchandise trade also delivered strong performance, expanding by 6.1 percent to reach approximately US$1.5 trillion, while aggregate inflation declined sharply from 21.6 percent in 2024 to 13.1 percent 2025. These outcomes reflect the stabilising effects of prudent macroeconomic management, ongoing policy and institutional reforms, and the countercyclical interventions of development finance institutions across the continent.

Commenting on the Africa Trade Report’s findings, Dr Yemi Kale, Group Chief Economist and Managing Director of Research and Trade Intelligence at Afreximbank, said:

By strategically leveraging these shifts, Africa can build a more resilient, competitive and inclusive economic future

Africa stands at a critical juncture. Geopolitical tensions and economic fragmentation are reshaping global trade patterns, but they also present a historic opportunity for the continent. By strategically leveraging these shifts, Africa can build a more resilient, competitive and inclusive economic future.

“It is imperative for the continent to act decisively to strengthen regional value chains, deepen industrial capacity, expand access to trade finance, and accelerate continental integration. Through coordinated policy action, strategic infrastructure investment, and stronger development finance institutions, Africa can build a more resilient, inclusive, and value-added trade ecosystem. Africa cannot afford to delay.”

The report further highlights that Africa’s export performance remains constrained by a persistent trade finance gap, estimated at approximately US$74 billion in 2025. The challenge is exacerbated by limited foreign exchange liquidity and the continued decline in correspondent banking relationships, factors that restrict the continent’s capacity to fully realise its trade and industrial potential.

At the same time, evolving shipping routes and prolonged disruptions to global logistics networks continue to extend delivery timelines and increase freight and trading costs. These pressures are particularly acute for African economies that remain heavily reliant on imported inputs and external markets, even as global supply chains increasingly reconfigure toward resilience, diversification, and emergence of alternative production hubs.

The report also outlines several strategic priorities, including the accelerated implementation of the African Continental Free Trade Area (AfCFTA), the expansion of digital payments infrastructure through the Pan-African Payment and Settlement System (PAPSS), and coordinated reforms to the global financial architecture. It further underscores the growing role of African financial institutions in strengthening economic resilience. Afreximbank, a founding member of the Alliance of African Multilateral Financial Institutions (AAMFI), disbursed US$17.5 billion in 2024 and is working to double intra-African trade finance by 2026. Meanwhile, Pan African Payment and Settlement System (PAPSS) is already helping to reduce transaction costs and lessen reliance on foreign currencies across the continent.

As geopolitical tensions continue to reshape global supply chains and trade patterns, the continent’s ability to leverage these shifts will depend on strengthening industrial ecosystems, expanding intra-African trade, and sustaining coordinated financial support. Ultimately, a combination of adaptive policy frameworks, strategic trade positioning, and robust direct foreign investment interventions will be central to driving a resilient, inclusive, and sustainable industrialisation pathway for Global Africa. The imperative now is to act with ambition and urgency. This would require accelerating the implementation of the African Continental Free Trade Area (AfCFTA), expanding intra-African trade finance, strengthening transport and logistics infrastructure, and deepening digital payment systems through the Pan-African Payment and Settlement System (PAPSS).

The full report can be downloaded here:  https://apo-opa.co/4xNkbFx

Distributed by APO Group on behalf of Afreximbank.

 

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Islamic Development Bank (IsDB) Institute Strengthens Global Partnerships through Strategic Bilateral Engagements at 2026 Group Annual Meetings

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The meetings reaffirmed IsDBI’s commitment to advancing Islamic economics and finance as a catalyst for sustainable development, innovation, financial inclusion, and economic transformation across Member Countries and beyond

BAKU, Azerbaijan, June 24, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) successfully conducted a series of bilateral meetings with government institutions, multilateral organizations, financial regulators, academic institutions, development agencies, and industry leaders on the sidelines of the 2026 IsDB Group Annual Meetings in Baku, Azerbaijan.

 

The meetings reaffirmed IsDBI’s commitment to advancing Islamic economics and finance as a catalyst for sustainable development, innovation, financial inclusion, and economic transformation across Member Countries and beyond.

The engagements covered a wide spectrum of strategic themes, including Islamic finance ecosystem development, regulatory and legislative reform, capacity building, sukuk market development, Islamic social finance, digital transformation, fintech, sustainable finance, waqf innovation, and knowledge partnerships.

Among the key engagements were discussions with representatives from the Governments of Tajikistan, Libya, Maldives, Türkiye, Ethiopia, and Sierra Leone on strengthening Islamic finance ecosystems through technical assistance, regulatory enhancement, and institutional capacity development.

The Institute also met with leading international organizations and standard-setting bodies, including the Islamic Financial Services Board (IFSB), AAOIFI, the Eurasian Development Bank, and the Islamic Microfinance Development Fund (FDMI). The meetings explored avenues for collaboration in research, standards development, capacity building, and strategic initiatives aimed at broadening the global reach and impact of Islamic finance.

Several meetings focused on innovation and emerging opportunities, including discussions with Rosatom State Corporation on sustainable financing solutions and sukuk structures, Islamic Money Australia on digital Islamic banking models, and INCEIF University on Islamic social finance data, waqf tokenization, and applied research collaboration.

The Institute also explored partnerships with organizations from Brazil, Palestine, Somalia, Senegal, Djibouti, and the private sector to advance knowledge dissemination, capacity-building programs, blended Islamic finance solutions, cash waqf digitalization initiatives, and investment-related research.

Commenting on the outcomes of the engagements, the Institute’s team, led by Acting Director General, Dr. Sami Al-Suwailem, noted that the meetings reflected the growing global interest in leveraging Islamic economics and finance to address contemporary development challenges and unlock new opportunities for inclusive and sustainable growth.

The discussions generated a pipeline of follow-up initiatives, including technical assistance programs, joint research projects, capacity-building activities, policy advisory support, and collaborative knowledge-sharing platforms.

The 2026 IsDB Group Annual Meetings provided a valuable platform for strengthening existing partnerships, establishing new strategic relationships, and advancing the Institute’s mission of promoting innovative, impactful, and development-oriented Islamic economics and finance solutions worldwide.

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

 

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