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Second Annual Meeting of Africa Sovereign Investors Forum highlights importance of strategic partnerships

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Sovereign Investors Forum

ASIF was launched in the Moroccan capital Rabat in June 2022 by a group of ten African sovereign wealth funds

KIGALI, Rwanda, July 12, 2023/APO Group/ — 

African Development Bank (http://www.AfDB.org) Vice President for Private Sector, Infrastructure, and Industrialisation Solomon Quaynor has called for unity to unlock the potential of African sovereign wealth funds, strategic investment funds, pensions, and life insurance assets, estimated at $2.3 trillion.

Speaking at the Second Annual Meeting of the Africa Sovereign Investors Forum (ASIF) in Kigali last week, Quaynor said the African Development Bank was committed to supporting the establishment and operations of the African Sovereign Wealth Funds secretariat, while working with ASIF members to develop and finance transformative strategic projects across the continent. He said that with a determined focus on Africa’s development needs, the African Development Bank would mobilise billions to trillions of dollars, cementing its role as a key catalyst for economic growth and prosperity in Africa.

The meeting ran from the 6th to 7th of July under the theme, “Strategic Partnerships: driving Africa’s resilience and sustainable development.”

ASIF was launched in the Moroccan capital Rabat in June 2022 by a group of ten African sovereign wealth funds. Its goal is to facilitate the mobilisation of long-term capital to develop Africa. During the inaugural event, the African Development Bank, Africa50, and ASIF jointly signed a letter of intent to foster cooperation in the development of green and climate-resilient infrastructure projects across Africa. This partnership will strengthen the Alliance for Green Infrastructure in Africa (AGIA).

It is our role as sovereign funds and Africans to set the example and act to transform these opportunities into projects and investment

ASIF founding members include prominent sovereign wealth funds like the Agaciro Development Fund (https://www.Agaciro.rw/) from Rwanda, Fonds Souverain de Djibouti, Fonds Gabonais d’Investissements Stratégiques (https://FGIS-Gabon.com/fr/), Fonds Souverain d’Investissements Stratégiques (https://www.FonSIS.org/fr) from Senegal, Fundo Soberano de Angola (https://apo-opa.info/3JQzO7B), the Ghana Infrastructure Investment Fund (https://apo-opa.info/3JVMnP0), Ithmar Capital (https://apo-opa.info/3NWCGBs) in Morocco, the Nigeria Sovereign Investment Authority (https://NSIA.com.ng/), and the Sovereign Fund of Egypt (https://TSFE.com/).

Last week’s meeting, hosted by the Agaciro Development Fund, offered a platform for dialogue and collaboration among African sovereign wealth funds, strategic investment funds, pension funds, life insurance companies, asset managers, governments, regulators, and investment professionals. The forum helped bolster strategic partnerships to facilitate the pooling of financial and technical resources to drive investment in sectors critical to Africa’s development such as climate-resilient energy, infrastructure, healthcare, technology, and agriculture. Discussions centred on showcasing Africa’s vast investment opportunities, understanding the risk landscape, and fostering partnerships to mobilise substantial capital and investment to support Africa’s economic transformation.

Rwandan Prime Minister Edouard Ngirente said he expected African sovereign wealth funds to play a key role in developing an efficient and diversified economy through equitable diversification and generation of wealth for future generations.

“To achieve this, we must ensure that these funds are well-managed,” Ngirente said. Minister of Public Investments and Privatisation of Rwanda Eric Rwigamba underscored the challenges that Africa faced. He emphasised the importance of seizing the opportunity presented by ASIF’s second annual meeting.

Rwigamba acknowledged the value of creating a platform that unites key stakeholders and global experts to engage in dialogue and deliberations, “whose outcomes will contribute to shape our strategic focus on our shared vision of Africa and its development aspirations in an increasingly competitive global economic environment.”

Ithmar Capital CEO and ASIF Chairperson Obaïd Amrane outlined Ithmar Capital’s goal of fostering investments and crowd-in international capital. Amrane said it was “time for Africa to be considered and perceived as an investment destination and not only an aid for development one.” He added: “It is nowadays more than possible to deploy capital on the continent on international standards. It is our role as sovereign funds and Africans to set the example and act to transform these opportunities into projects and investment.”

Two sovereign wealth funds, Ethiopia Investment Holdings and Mauritius Investment Corporation, have joined ASIF, further expanding the forum’s membership. Participants agreed on the criticality of mobilising African institutional investments into transformative projects in Africa, noting that this would attract global private and institutional investors to the African continent.

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

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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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Debate

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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CLG

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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ITFC

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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