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Microsoft is set to host the African Startups AI Fest – the largest Microsoft Africa virtual event on the continent

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The event, scheduled for 6 June 2024, will take place in Johannesburg, South Africa, with virtual access available to attendees across the continent

MARRAKECH, Morocco, May 29, 2024/APO Group/ — 

The hybrid event will bring together startup founders and pioneers from across Africa; Microsoft’s startup partners and customers will take to the main stage to share their stories of success; Up to 10,000 startups will be given access to industry-specific expertise and insights on how best to take their business to the next level with the help of AI

Microsoft announced the introduction of its first African Startups AI Fest at GITEX Africa in Marrakech, Morocco today. Spearheaded by the organisation’s Africa Transformation Office (ATO), the event promises to inspire and support startups to accelerate their journey to market with the right AI-powered tech solutions. The event, scheduled for 6 June 2024, will take place in Johannesburg, South Africa, with virtual access available to attendees across the continent.

The African Startups AI Fest will bring together founders, entrepreneurs, business decision-makers, engineers and developers in the startups space from across the continent. This inaugural event aims to showcase the transformative power of AI and how startups can use this revolutionary technology to drive innovation and take their ideas not only to local markets but a global stage.

“There is a need to provide startups on the continent with the resources to take their concepts from the drawing board to customers,” says Lillian Barnard, Microsoft Africa President. “From AI-enabled tech solutions to advanced digital skills, startups need to be given every opportunity to thrive in a highly competitive global market because they are the catalysts for job creation and economic growth in Africa.” Overcoming mounting economic pressures

Recent research from The African Tech Startups Funding Report (http://apo-opa.co/3KlSzQs) has found that funding for tech startups in Africa has declined after a highly successful 2022 when 633 tech startups raised over $3 billion in funding.

At Microsoft, we believe that technology, particularly the transformative power of AI, holds the key to a more empowered future in Africa

“In the face of a challenging economic climate, startups across Africa have demonstrated remarkable resilience,” Barnard says. “Despite the tough conditions, they have ignited a wave of innovation. Empowered with the right tech tools, startups can scale their solutions, enhance productivity, and drive growth. At Microsoft, we believe that technology, particularly the transformative power of AI, holds the key to a more empowered future in Africa.”

Finding the right tech partner

Over the years, Microsoft has supported startups on the continent to grow and develop. These success stories include the likes of RE Legal Interact, M-KOPA, Omnisient, Zen Dawa, Deepecho and Terragon.

Legal Interact (http://apo-opa.co/3yDXE45) is an Independent Software Vendor that has integrated Microsoft AI into its software and recently launched the first AI lawyer in South Africa. The solution is automating certain tasks by providing quick answers to legal questions, freeing up time for attorneys to address more complex legal queries. Thanks to IoT tools and AI-powered automation in the cloud, M-KOPA (http://apo-opa.co/3yMX8jX) is providing inclusive financial services such as insurance and loans to people across East Africa. The fintech business has gone on to provide millions of families and entrepreneurs with the financial support they need to purchase solar systems, motorbikes and smartphones.

Attendees of the inaugural African Startups AI Fest will be introduced to these and other startup success stories on the continent. In addition, Microsoft, its partners and customers will introduce and demonstrate how AI tools can be leveraged by entrepreneurs in ways that give their businesses the extra edge in a competitive landscape.

The organisation aims to reach 6,000 to 10,000 of these businesses and provide them with customised support through the Microsoft for Startups Founders Hub programmes. Founders and entrepreneurs will be primed for growth through industry-specific webinars designed to help startups scale, pitch coaching sessions that will help investors enhance their pitching skills and navigate common challenges, investor community sessions that will connect startups with top investors from the Continental investor community to glean key insights on securing their first investments, integration with the Microsoft Independent Software Vendor programme and insights on how to best use AI technologies to propel their businesses forward.

To register for the African Startups AI Fest, participants can register HERE  by June 5th, 2024.

Distributed by APO Group on behalf of Microsoft.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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