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Luxembourg and African Development Bank deepen partnership to advance Africa’s sustainable growth

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Luxembourg’s collaboration with the Bank extends beyond concessional financing

ABIDJAN, Ivory Coast, November 10, 2025/APO Group/ –African Development Bank Group (https://www.AfDB.org) President Dr Sidi Ould Tah and Luxembourg’s Finance Minister, Gilles Roth, have pledged to deepen cooperation as preparations advance for the seventeenth replenishment of the African Development Fund (ADF-17), the Bank Group’s concessional financing window.

 

The two leaders met on the sidelines of the 2025 World Bank and International Monetary Fund Annual Meetings in Washington, D.C. It was their first official bilateral meeting since Dr Ould Tah took office in September.

Discussions reaffirmed the long-standing partnership between the two institutions and their shared commitment to multilateral cooperation and Africa’s economic transformation. The talks highlighted Luxembourg’s continued support for sustainable and inclusive growth across Africa’s most vulnerable economies.

Africa’s development needs remain considerable, particularly in areas such as education, energy, technology, infrastructure and the fight against climate change

Luxembourg remains one of the world’s leading contributors of official development assistance, consistently allocating 1% of its gross national income to development cooperation – well above the 0.7% target recommended by the United Nations and the OECD Development Assistance Committee. Under ADF-16, Luxembourg’s contribution amounted to €12.7 million, a 10% increase over the previous cycle, reflecting the country’s confidence in the Fund’s impact, particularly in climate action, governance, gender equality, and private sector development.

“Africa’s development needs remain considerable, particularly in areas such as education, energy, technology, infrastructure and the fight against climate change,” said Minister Roth. “Luxembourg’s financial centre, with its expertise in sustainable finance and impact investing, is well placed to channel private capital toward these priorities. We will continue working alongside the African Development Bank to strengthen Africa’s investment environment and build a more equitable, resilient, and sustainable future.”

Dr Ould Tah welcomed Luxembourg’s continued support, describing it as “a steadfast partner” of the African Development Bank Group. “Luxembourg has been a steadfast partner to the African Development Bank Group. Its leadership in sustainable finance and its commitment to effective multilateralism continue to make a real difference across the continent,” the Bank Group president stressed. “As we move toward the ADF-17 pledging session in December, Luxembourg’s partnership will be key to mobilising resources that drive resilience, inclusion, and shared prosperity, delivering impact that extends well beyond Africa’s borders.”

Luxembourg’s collaboration with the Bank extends beyond concessional financing. The country also contributes to the Bank Group’s Capital Markets Development Trust Fund, where it was one of two founding donors — and to the Africa Digital Financial Inclusion Facility, both aimed at promoting financial innovation, broadening access to markets, and strengthening Africa’s private investment ecosystem.

Since its creation in 1972, the African Development Fund has financed nearly 3,000 projects totalling more than $45 billion, connecting communities and improving access to clean energy, food, education, and healthcare across 37 African countries, almost half of which are fragile or conflict-affected.

The ADF-17 cycle seeks to mobilise additional resources for transformative investments that create jobs, strengthen resilience, and unlock Africa’s economic potential, thereby contributing to global stability and advancing shared prosperity.

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

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Thailand Approves $29 Billion Investment Wave as Data Center Demand Surges

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TikTok leads new BOI approvals as Thailand moves to strengthen power readiness, clean energy access and fast-track strategic investment
BANGKOK, THAILAND – Media OutReach Newswire – 6 May 2026 – Thailand’s Board of Investment (BOI) has approved six major projects worth a combined 958 billion baht, or approximately USD 29 billion, led by a large-scale data infrastructure expansion by TikTok System (Thailand) Co., Ltd., underscoring the country’s growing role as a regional hub for data centers, cloud services and AI-driven digital infrastructure.

The approvals were made at a BOI Board meeting chaired by Mr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance. The Board also approved a second batch of projects under the Thailand FastPass mechanism and discussed with energy agencies steps to strengthen electricity readiness and improve access to clean energy — two increasingly important factors in attracting large-scale digital and high-technology investment.

Mr. Narit Therdsteerasukdi, Secretary General of the BOI, said the latest approvals reflect growing investor confidence in Thailand at a time when global companies are racing to expand digital infrastructure across Asia.

“Amid continuing global volatility, investment in Thailand’s digital and advanced technology sectors continues to grow, reflecting investor confidence in the country’s potential as a regional technology hub,” Mr. Narit said. “For Thailand to capture this new investment cycle, we must be ready not only with investment incentives, but also with sufficient power, clean-energy options, skilled talent, deeper supply chains and a reliable facilitation system that allows projects to move quickly from approval to operation.”

Of the six approved projects, three are in data center and data hosting services, with a combined investment value of 913 billion baht, or approximately USD 27 billion.

The largest project is by TikTok System (Thailand) Co., Ltd., valued at 842 billion baht, or approximately USD 25 billion. The project will install additional servers and expand data storage and processing infrastructure across Bangkok, Samut Prakan and Chachoengsao Province, supporting rising demand for digital services and strengthening Thailand’s role in regional digital infrastructure.

Beyond its core infrastructure investment, TikTok has also committed to developing digital literacy and e-commerce curricula to help create new business opportunities for Thai entrepreneurs and strengthen the country’s digital workforce.

Another approved project is a 46 billion baht, or USD 1.4 billion, data center investment by Skyline Data Center and Cloud Services Co., Ltd., part of the UAE-based DAMAC Group. Located in Chachoengsao, the project will support an IT load of 200 megawatts.

A third data center project, by Bridge Data Centres IIO (Thailand) Co.,Ltd. from Singapore, was approved with an investment value of 24.6 billion baht, or USD 746 million. Located in Chonburi, the project will support an IT load of 134 megawatts.

The remaining approved projects cover renewable energy, circular economy and resource-based industries. PureCycle (Thailand) Co.,Ltd. will invest 8.18 billion baht, or USD 248 million, in recycled plastic pellet production in Rayong, using technology exclusively licensed from P&G, with Thailand serving as a key production base for the Asian market. Dan Khun Thot Wind One Co., Ltd. will invest 4.7 billion baht, or USD 143 million, in an 89-megawatt wind power generation project in Nakhon Ratchasima. ASEAN Potash Chaiyaphum Plc. will invest 31.4 billion baht, or USD 952 million, in potassium chloride production in Chaiyaphum, producing a key input for potash fertilizer.

To accelerate project implementation, the BOI Board also selected nine additional projects worth 52 billion baht, or USD 1.6 billion, for Thailand FastPass, following the first batch of 16 projects. The latest selection brings the FastPass portfolio to 25 projects, with a combined investment value of 223 billion baht, or USD 6.8 billion.

The FastPass mechanism is designed to streamline approval and permitting procedures, speed up coordination among relevant agencies — including the BOI, the Department of Industrial Works, the Industrial Estate Authority of Thailand, the Office of Natural Resources and Environmental Policy and Planning, the Customs Department and power-related agencies — and help strategic projects begin operations faster.

At the same meeting, the Board outlined steps to strengthen electricity readiness with the Ministry of Energy and the Energy Regulatory Commission, focusing on urgent power supply needs for incoming investment, particularly in the Eastern region. The Board also directed action on accelerating the issuance of Thailand’s Power Development Plan (PDP) to support future demand, new energy technologies and long-term power-system planning.

The Board also advanced plans for clean energy mechanisms, including Direct Renewable Power Purchase Agreements, or Direct PPA, which would allow private companies to buy and sell renewable electricity directly, with participation criteria and grid-service charges to be announced shortly. The Board also acknowledged the launch of Utility Green Tariff 2, or UGT2, a source-specific green tariff designed to give companies more options for procuring clean electricity.

The Board also tasked the BOI with coordinating with relevant agencies to consider regulatory improvements that would facilitate clean energy investment, including easing power-generation licensing conditions for foreign operators installing solar rooftops, and clarifying rules to support self-generation under Independent Power Supply, or IPS, arrangements.

Mr. Narit said the combination of large-scale digital investment, power readiness, clean energy access, skilled talent and faster investment facilitation is central to Thailand’s competitiveness in the next phase of global investment.

“Thailand is entering a new investment cycle in which speed, power readiness, clean energy access and skilled talent will be decisive,” he said. “The BOI is working with partner agencies to ensure that major projects can move from approval to operation as quickly as possible, while strengthening the infrastructure, workforce, supply chains and ecosystem needed for long-term growth in the digital economy.”

USD conversion based on an estimated exchange rate of 33 baht per USD.

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Critical Minerals Africa Group Welcomes New Advisory Board Members, Strengthening Strategic Leadership Across Policy, Finance, and Global Affairs

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These appointments further strengthen CMAG’s mission to advance responsible mining and develop commercially viable, end-to-end supply chains across Africa

LONDON, United Kingdom, May 6, 2026/APO Group/ –The Critical Minerals Africa Group (CMAG) (https://CMAGAfrica.com/) is pleased to announce the appointment of three distinguished leaders to its Advisory Board: Ambassador (ret.) Reuben E. Brigety II, President of Busara Advisors; Chipokota Mwanawasa, Policy Advisor to the President of Zambia and Deputy Head of the Presidential Delivery Unit; and Henry Finnegan, former Chief Operating Officer of TechMet.

 

“Expanding CMAG’s Advisory Board with leaders of this calibre marks an important step in strengthening the depth and range of expertise guiding our work. Africa’s mineral endowment represents one of the most significant untapped industrial opportunities globally—but realising that potential requires alignment between policy, capital, and execution. By bringing together global experience across diplomacy, investment, and operations, we are better positioned to advance a more coordinated, outcomes-focused approach that supports long-term value creation on the continent.” – Veronica Bolton Smith, CEO, Critical Minerals Africa Group

These appointments further strengthen CMAG’s mission to advance responsible mining and develop commercially viable, end-to-end supply chains across Africa—focusing on practical industrial sequencing, from extraction through to processing and value addition. Central to this approach is broadening and diversifying the investor base engaging with the continent, while ensuring projects are structured to deliver tangible outcomes: scalable industries, skilled employment, and more resilient, locally anchored economic growth.

By bringing together global experience across diplomacy, investment, and operations, we are better positioned to advance a more coordinated, outcomes-focused approach

Ambassador (ret.) Reuben E. Brigety II brings decades of experience in diplomacy and African affairs, having most recently served as U.S. Ambassador to South Africa (2022–2025). He previously held senior roles including U.S. Representative to the African Union and Permanent Representative to the United Nations Economic Commission for Africa, as well as Deputy Assistant Secretary of State for African Affairs. His expertise in international relations and strategic engagement will support CMAG’s global partnerships and policy positioning.

Chipokota Mwanawasa offers a unique blend of public sector leadership, legal expertise, and private sector experience. As Policy Advisor to President Hakainde Hichilema and Deputy Head of Zambia’s Presidential Delivery Unit, she plays a key role in shaping national development priorities. With a background spanning mining, law, and entrepreneurship, she brings valuable insight into governance, investment frameworks, and inclusive economic growth.

Henry Finnegan is an experienced executive in the critical minerals investment space, having served as COO and a founding member of TechMet, a company focused on building sustainable supply chains for energy transition minerals. TechMet grew to a valuation exceeding $1.2 billion. His background in investment, operations, and international markets will support CMAG’s efforts to align capital with high-impact opportunities across the continent.

They join the inaugural members of CMAG’s Advisory Board:

  • Natznet Tesfay, Executive Director, Head of Insights and Analytics at S&P Global, who brings deep expertise in market intelligence, economic forecasting, and resource analysis.
  • Nicolas Pompigne-Mognard, Founder and Chairman of APO Group, a leading communications strategist with extensive experience in stakeholder engagement and investment promotion across Africa.
  • Richard Morgan, former Head of Government Relations at Anglo American, whose background in policy and regulatory affairs provides critical insight into government engagement and partnership building.

Together, the Advisory Board brings a powerful combination of expertise across mining, finance, policy, diplomacy, and communications. Their collective guidance will help steer CMAG’s strategic direction as it works to unlock Africa’s critical minerals potential in a way that drives sustainable industrialisation, supports education and skills development, and creates meaningful employment opportunities across the continent.

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

 

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RS Supports Sustainable Power Solutions Delivered by Sharps Electrical in Botswana

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Together, RS and Sharps Electrical are helping to deliver power solutions that quietly underpin exceptional guest experiences, where luxury coexists with conservation

JOHANNESBURG, South Africa, May 6, 2026/APO Group/ –RS South Africa (https://za.RS-online.com), a trading brand of RS Group plc (LSE: RS1), a global provider of product and service solutions for industrial customers, is proud to recognise the achievement of Sharps Electrical, our authorised reseller in Botswana, whose work continues to enable sustainable and reliable power solutions for some of the country’s most iconic luxury safari destinations.

 

Sharps Electrical (https://SharpsElectrical.co.bw) has successfully delivered electrical infrastructure for landmark projects in the Okavango Delta, including Xigera Safari Lodge, Atzaró Okavango Camp, and most recently, Elela Camp. Each of these projects represents a significant technical and environmental achievement, requiring solutions that balance operational reliability with careful preservation of one of the world’s most ecologically sensitive regions.

 

Working in the Okavango Delta demands more than technical capability. Projects must be executed with minimal environmental impact while meeting the exacting standards of world‑class hospitality. Sharps Electrical’s strong local presence and deep understanding of these conditions have been central to delivering power systems that are resilient, efficient, and aligned with sustainability objectives.

 

Reflecting on the nature of this work, José Xavier, Chief Operating Officer at Sharps Electrical, said, “Delivering projects in the Okavango Delta goes far beyond electrical infrastructure. It is fundamentally about trust, consistency, and respect for the environment. Having a reliable supply relationship is critical in such remote and sensitive locations, and RS has consistently supported us with dependable products and service that allow us to deliver to the highest standard.”

What Sharps Electrical has achieved in Botswana clearly demonstrates what is possible when strong local capability is reinforced by a dependable global supply network

 

As a preferred supplier, RS plays a key role in enabling this approach by providing access to high‑quality electrical products that support durable, energy‑efficient, and responsibly engineered installations. This capability allows Sharps Electrical to plan with confidence and maintain continuity across complex projects in remote locations.

“What Sharps Electrical has achieved in Botswana clearly demonstrates what is possible when strong local capability is reinforced by a dependable global supply network,” said Viv Muthan, Head of Export Sales and Operations at RS South Africa. “At RS, we create high quality experiences for our African customers by complementing the local expertise of in‑country partners with reliable, sustainably designed technologies, such as our Better World product range, backed by the RS platform.”

 

RS South Africa’s collaboration with Sharps Electrical reinforces a shared commitment to Make Amazing Happen for our customers. By supporting infrastructure that reduces operational risk and enables responsible energy use, the partnership helps preserve the integrity of the Okavango Delta while ensuring uninterrupted power for critical lodge operations.

 

Together, RS and Sharps Electrical are helping to deliver power solutions that quietly underpin exceptional guest experiences, where luxury coexists with conservation. These projects stand as a testament to what can be achieved when strong local expertise is supported by a trusted global partner with aligned values.

 

RS is proud to support Sharps Electrical as they continue to deliver resilient power solutions across Botswana, helping ensure that some of the country’s most iconic destinations remain reliably powered by RS for the long term.

Distributed by APO Group on behalf of RS South Africa.

 

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