Connect with us

Business

Morocco unites global tech community’s commitment to advancing African digital economy at momentous GITEX Africa launch

Published

on

GITEX Africa

GITEX Africa 2023, now the largest tech and start-up show in the African continent, will make its highly anticipated debut from 31 May-2 June

MARRAKECH, Morocco, May 25, 2023/APO Group/ — 

Debut of Africa’s largest tech and start-up show to welcome 900 companies to explore, discover, and connect to real opportunities in world’s rising digital economy; H.E Dr Ghita Mezzour: “We’re witnessing a historic event, the largest tech networking and business event in the African continent”

Morocco will centre the global tech community’s attention on Africa’s united commitment to advancing the digital economy next week, converging the best minds from governments, businesses, big tech, start-ups, investors and youths to accelerate and catalyse the continent’s ambitious digital transformation journey. 

GITEX Africa 2023, now the largest tech and start-up show in the African continent, will make its highly anticipated debut from 31 May-2 June, with the final preparations underway across ten halls and 45,000sqm of exhibition space in a purpose-built super venue at Place Bab Jdid, Bd Al Yarmouk in the Red City of Marrakech. It will welcome 900 big tech companies, government entities, start-ups and participants from more than 100 countries, while attracting tens of thousands of attendees from all over the world. 

GITEX Africa is the largest business event launch of any industry in the Middle East and Africa in recent years, and is affiliated with GITEX Global in Dubai, the world’s largest tech and start-up show, rated by global tech executives as the world’s best global tech event.

Held under the High Patronage of His Majesty King Mohammed VI, GITEX Africa is hosted by the Digital Development Agency (ADD), under the authority of the Moroccan Ministry of Digital Transition and Administration Reform.

Addressing media at the show’s official preview press conference today was H.E Dr Ghita Mezzour, Minister of the Moroccan Ministry of Digital Transition and Administration Reform; Sidi Mohammed Drissi Melyani, the General Director of ADD; and Trixie LohMirmand, CEO of KAOUN International, GITEX Africa’s organiser. 

In attendance were GITEX Africa’s official institutional partners the ANRT (Moroccan National Telecommunications Regulatory Agency), AMDIE (Moroccan Investment and Export Development Agency), ONMT (Moroccan National Tourist Office), ONDA (National Airports Office), Royal Air Maroc, and ONCF (Moroccan National Railway Office).

“The Kingdom of Morocco is proud to host GITEX Africa under the High Patronage of His Majesty King Mohammed VI, may God assist Him,” said H.E. Dr Mezzour.  “We’re witnessing a historic event, the first ever edition of GITEX Africa, and the largest tech networking and learning business event in the African continent.

“GITEX Africa will be an opportunity for Moroccan and African start-ups owners and young programmers to get in touch with regional and global investors and business incubators. An opportunity as well to networking with actors in both public and private sectors.”

Mr. Sidi Mohammed Drissi Melyani, the General Director of ADD, added that hosting GITEX Africa underlines Morocco’s commitment to work alongside the private and public sector to accelerate Africa’s digital infrastructure development while promoting cross-continental e-governance policies that improve digital transparency, openness and process integration: “The Kingdom of Morocco as well as the whole African continent is so honoured to host the first edition of GITEX Africa Morocco, which will take place in Marrakech from May 31st to June 2nd, 2023,” said Mr. Melyani.

“This big event, organised under the high patronage of his Majesty the King Mohammed VI, is an important opportunity to value the efforts deployed by all the Moroccan stakeholders in the field of digital development. It is also a platform of networking between exhibitors, investors, researchers and tech operators around innovative solutions and digital transformation.  This first edition will definitely contribute to enhance digital transition in Africa as a future innovation hub, led by its young talents and competitive start-ups.”

Magnifying Africa’s collective digital innovation ambitions and achievements

GITEX Africa’s impressive scale in its debut edition reflects the ambitions of Africa’s digital movement, with cross-continental initiatives such as Smart Africa’s vision to create a single digital market in Africa by 2030 propelling the continent to the forefront of the global digital economy.

GITEX Africa is the largest business event launch of any industry in the Middle East and Africa in recent years, and is affiliated with GITEX Global in Dubai

“For too long, the world’s second largest continent has been under-stated and overlooked for its profound digital opportunities and aspirations,” commented Ms. LohMirmand, CEO of KAOUN International.   

“At GITEX Africa, our mission is to curate an event that will serve the purpose of the African community in accessing business development, investment and learning opportunities.  We focus on empowering the new generation of tech and creative talents to augment the culture of entrepreneurship and provide a single occasion that shall bring together the public and private sector leaderships to build tangible meaningful outcomes.”

That GITEX Africa hoisted the sold-out sign fuelling further expansion months before its grand opening is testament to the world’s confidence and optimism in the African digital opportunity, amplified by figures that underline the aspirations of African countries in their quest for digital excellence.

Africa’s vibrant start-up ecosystem also continues to grab headlines with the creation of seven unicorns over the last few years while according to analysts Briter Bridges, African start-ups raised a total of US$5.4 billion across 900-plus deals in 2022.

The influx of global interest will see GITEX Africa 2023 host more than 400 disruptive start-ups from 30 countries, including 200 international award-winning start-ups and 11 unicorns eager to share their achievements and access the promising African innovation hub.   

All will have the opportunity to connect with 250 investors from 34 countries with US$200 billion worth of assets under management. As the ultimate start-up incubator and magnet for flourishing VC funds, GITEX Africa will deliver a structured and carefully curated scouting platform for these investors, of which 70 percent are coming from outside of Africa.  

Added Ms. LohMirmand: “GITEX integrates Africa strategically into the hyper-connected tech ecosystem across 100 countries. It now firmly plugs Africa into the global entrepreneurial innovation economy boasting of resources imperative for the region to dynamize its digital transformation mission.”

Accelerating the Moroccan digital development strategy

GITEX Africa 2023 will also accentuate the progress of Morocco’s digital development strategy, strengthening its position among the top three African countries with the best ICT infrastructure, and underlining its status as having one of the continent’s most advanced telecommunications markets.

According to analysts IDC, Morocco’s IT market, comprising hardware, software and IT services, is expected to reach a value of US$1.7 billion in 2023, growing at a CAGR of 4.3 percent to reach US$1.9 billion in 2026. In 2023, growth is expected to be driven by enterprise and service provider spending in the North African country as organisations increasingly look to adopt hybrid cloud as a step towards their digital transformation initiatives.

World’s best minds gather at Africa’s most impactful leadership conference agenda

Africa’s most impactful leadership conference programme will meanwhile gather 250-plus speakers from 50 countries to share valuable exchanges and insights with a curious business audience motivated to draw on international experience applied to an African-centric context. 

The GITEX Africa Digital Summit will lead ten conference tracks comprising 140-plus hours of mind-stretching content exploring the most pertinent transformational topics advancing Africa’s digital agenda, from generative AI and digital cities, or Fintech and agritech, to healthcare, energy, innovation, sustainable development goals, and a spotlight on the world’s most exciting start-up ecosystem.

GITEX Africa 2023 is open from 11:30am to 6:00pm on 31st May, and from 10:00am to 6:00pm on the 1st and 2nd June.  Admission is for trade professionals only with a special invitation for students aged 16 years and older on day three.

More information is available at www.GITEXAfrica.com.

Distributed by APO Group on behalf of GITEX Africa.

Business

Congo Is Turning Reserves into Bankable Projects – and the Investment Window Is Opening

Published

on

Eni-led LNG expansion and ongoing deepwater investment are pushing the Republic of Congo’s energy sector toward more bankable projects ahead of the Congo Energy & Investment Forum 2027

BRAZZAVILLE, Congo (Republic of the), June 23, 2026/APO Group/ –With LNG exports set to triple to 3 mtpa, upstream oil production targeting 500,000 bpd and a renewed push on local content, the Republic of Congo is positioning itself as one of Central Africa’s most investable hydrocarbon markets. Under the leadership of the newly-appointed Minister of Hydrocarbons, Stev Simplice Onanga, the country is prioritizing industry growth by balancing local content with reserve replacement and project advancement.

 

What sets Congo apart is not the scale of its reserves, but the pace at which those reserves are being turned into commercially viable projects. From Eni’s LNG expansion and TotalEnergies’ deepwater developments to brownfield optimization by Trident Energy and output growth at Ammat Global Resources, capital is flowing into projects with clearer monetization pathways and nearer-term returns.

Ahead of the Congo Energy & Investment Forum (CEIF) 2027 – the country’s leading platform for energy investment and partnerships – the story is shifting away from frontier potential toward bankable projects already under development.

Policy Reform Is De-Risking Investment

Congo’s investment case is being reshaped by the alignment of resource base, regulatory reform and project delivery. Established oil production, expanding LNG capacity and fiscal adjustments are gradually reducing above-ground risk.

Recent reforms led by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo have added structure to the sector. The Gas Code, introduced in October 2025, formalizes fiscal terms for gas commercialization, while the Gas Master Plan prioritizes flaring reduction and gas-to-power deployment, targeting 1,500 MW by 2030.

A new upstream licensing round is also under consideration, aimed at attracting fresh capital into both mature and frontier acreage. Together, these measures are improving visibility across upstream, midstream and downstream segments, with recent project activity reinforcing the shift.

The Projects Driving the Next Cycle

Deepwater oil remains central to Congo’s production outlook, with operators progressing both new developments and brownfield optimization. TotalEnergies is advancing work at the Moho licence following the April 2026 Moho G discovery, backed by a $500–$600 million infill drilling program targeting about 40,000 bpd in incremental output.

Local independent Ammat Global Resources is targeting 70% production growth from its Loango and Zatchi fields, where reactivated wells and upgraded platforms have already lifted output by 75%. Perenco continues steady gains, adding roughly 6,000 bpd through its 2025–2026 drilling program.

Trident Energy, after acquiring an 85% working interest in the Nkossa and Nsoko II assets in 2025, is focused on extending field life through subsea optimization and redevelopment work.

While oil continues to anchor revenues, gas is rapidly emerging as Congo’s fastest-growing segment. Eni’s Congo LNG project delivered its first cargo from Phase 2 in February 2026, following the startup of the Nguya FLNG unit in December 2025. Together with Tango FLNG, capacity has risen from 0.6 mtpa to 3 mtpa. Trident Energy has also proposed an FLNG project aimed at adding further capacity across the country’s gas market. The project is expected to operate as shared infrastructure, allowing multiple operators to process gas from their respective fields. This creates an outlet for associated gas that might otherwise be stranded, supporting the country’s broader diversification goals.

Local Content Is Reshaping Investment Terms

Beyond upstream policy, Minister Onanga has positioned local content as a central pillar of Congo’s investment framework, and a key determinant of how capital is structured and deployed.

Decrees 2019-342, 343, 344 and 345 set requirements around subcontracting, workforce localization and training commitments, with the effect being a gradual shift in how projects are structured and how partnerships are formed. Operators are increasingly assessed not only on technical delivery but on in-country value creation, including partnerships with local firms and skills development. Logistics, maintenance and other service areas are increasingly channeled through domestic providers.

At CEIF 2027 – taking place June 1–3 in Brazzaville – attention will shift to what is moving forward and to the investors positioned to take part in that pipeline. Congo’s energy sector is no longer defined by potential alone: projects are moving, capital is being committed and policy is starting to catch up with activity on the ground.

As the Republic of Congo moves from reserves to revenue, the signal to investors is clear: this is already unfolding, not a future opportunity.

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

 

Continue Reading

Business

Afreximbank secures double honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards for excellence in strategic communications

Published

on

The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event

CAIRO, Egypt, June 23, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been recognised with two prestigious honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards, one of the world’s most prestigious awards programmes for strategic communications.

 

The Bank received an Award of Excellence in Special and Experiential Events category for the Intra-African Trade Fair 2025 (IATF2025) held in Algiers, Algeria and an Award of Merit in the Social Media category for its Afreximbank Social Media Campaigns, reaffirming Afreximbank’s commitment to delivering impactful communications that advance its mandate of promoting trade, investment and industrialisation across Africa and the Caribbean.

We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communication

The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event. IATF2025 brought together governments, businesses, investors, buyers, sellers and entrepreneurs from across Africa and beyond, creating a platform for trade and investment opportunities while advancing the objectives of the African Continental Free Trade Area (AfCFTA). The communications campaign played a pivotal role in driving global awareness, stakeholder participation, media visibility and engagement before, during and after the event, while showcasing the scale, ambition and dynamism of African enterprise and reinforcing a positive narrative about Africa’s capacity to trade, industrialise and compete on the global stage. Over 120,000 delegates attended IATF2025 in person and virtually, with deals worth over US$50 billion recorded.

The Award of Merit for Afreximbank Social Media Campaigns recognises the Bank’s strategic use of digital platforms to engage stakeholders, amplify its developmental impact and elevate conversations around trade, industrialisation, economic integration and investment opportunities across Africa and the Caribbean. Through a combination of compelling storytelling, thought leadership content, executive advocacy, multimedia production and real-time event coverage, Afreximbank’s social media platforms have continued to expand their reach and influence among policymakers, businesses, investors, development partners and the wider public. Among these platforms is the Afreximbank TV, a digital TV channel that is wholly owned and managed by Afreximbank, whose fifth edition was celebrated with dedicated coverage of IATF2025, providing live coverage of the activities to both pan African and global audiences.

Anne Ezeh, Director & Global Head, Communications and Events at Afreximbank commented: “We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communications. As a pan African multilateral financial institution, we see storytelling as a powerful tool for advancing our mission — ensuring our initiatives, events, programmes and key announcements not only inform, but also inspire confidence, deepen engagement and amplify Africa’s transformation. These awards reinforce our resolve to continue delivering world-class communications that elevate African voices and projects a bold and authoritative narrative of the continent.”

Ms. Ezeh added that through innovative storytelling, digital engagement and integrated campaigns, the Bank will continue to amplify the impact of its programmes and partnerships  to project a more authentic narrative of Africa, one defined by opportunity, innovation, resilience and growing influence in the global economy.

For more than five decades, the IABC Gold Quill Awards have recognised excellence in strategic communications globally, celebrating programmes and campaigns that demonstrate measurable impact, innovation, creativity and outstanding execution. Widely regarded as the pinnacle of achievement in the communications profession, the awards are judged through a rigorous and independent evaluation process conducted by experienced communication leaders from around the world.

Distributed by APO Group on behalf of Afreximbank.

 

Continue Reading

Business

Islamic Development Bank (IsDB) Institute Unveils 2025 Annual Report During Group Annual Meetings in Baku

Published

on

In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) has released its 2025 Annual Report during the 2026 IsDB Group Annual Meetings held in Baku, Azerbaijan, showcasing a year of expanded impact in Islamic finance transformation, innovative solutions, and capacity development.

 

The report highlights how IsDBI strengthened its role as a global knowledge leader by advancing innovative solutions and scaling support to Member Countries through knowledge-based interventions, Islamic finance grants, and strategic partnerships.

In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million, supporting countries in strengthening regulatory frameworks and promoting inclusive financial systems.

Since 2013, the Institute’s interventions in this regard have reached over US$27.57 million across 181 projects benefiting more than 34 countries, underlining its sustained contribution to development outcomes across the Islamic world.

I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem

The Annual Report highlights major progress in IsDBI’s three flagship transformative projects, namely Awqāf Free Zones, Digital Postal Islamic Financial Services, and Smart Countertrade System, which have all advanced to pilot-ready stages. These initiatives aim to address global challenges such as financial inclusion, food and energy security, and trade resilience.

Furthermore, the Institute accelerated its focus on digital innovation in Islamic finance, enhancing its Islamic Finance Artificial Intelligence Assistant (IFAA) and hosting its first AI Hackathon on Islamic Finance, engaging more than 40 teams in developing cutting-edge solutions aligned with industry standards.

Human capital development in Islamic finance also remained a cornerstone of IsDBI’s work in 2025, with the delivery of over 20 training programs reaching around 500 professionals across Member Countries. A key achievement in this area was the Entrepreneurial Mindset Development Program, a flagship initiative equipping emerging leaders from 20 countries with innovation-driven and values-based entrepreneurship skills. The program was designed and implemented in collaboration with Prince Mohammed Bin Salman College of Business and Entrepreneurship, Saudi Arabia.

The Institute also strengthened its thought leadership through flagship publications, global partnerships, and digital engagement, reinforcing its position as a leading voice in Islamic economics and finance.

Commenting on the issuance of the Annual Report, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said: “I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem by bridging knowledge creation, building human capital, and designing innovative solutions to address economic challenges.”

The 2025 Annual Report is accessible on IsDBI website here (https://isdbinstitute.org/product/isdbi-annual-report-2025/).

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

 

Continue Reading

Trending

Exit mobile version