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Mozambique President Extols Adesina’s Transformative Decade at African Development Bank

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“Your legacy is not just institutional but impacting the lives of Africans,” President Chapo said in tribute to Adesina’s legacy during Africa50 General Shareholders Meeting

Mozambique’s President Daniel Chapo has lauded Dr. Akinwumi Adesina for a decade of “transforming ambition into outcomes” as President of the African Development Bank Group (www.AfDB.org), crediting his leadership with improving millions of lives across the continent.

Opening Africa50 General Shareholders Meeting in Maputo on Wednesday, President Chapo thanked Adesina for his impact at both the Bank and as Board Chair of Africa50, an investment platform created by African governments and the Bank to close the continent’s infrastructure funding gap.

“Your legacy is not just institutional but impacting the lives of Africans, and we thank you and wish you the most success for what the future has in store for you,” President Chapo said.

Africa50 CEO, Alain Ebobissé, also paid tribute to Adesina, highlighting the success of the Alliance for Green Infrastructure in Africa (AGIA), which Adesina initiated with other partners to mobilize capital to catalyze up to $10 billion green infrastructure opportunities for private sector investment.

A fireside chat, moderated by Nozipho Mbanjwa-Tshabalala, CEO of the Conversation Strategists, explored Adesina’s legacy of institutional transformation, record-breaking achievements, and renewed global confidence in Africa’s development prospects.

In his comments, Adesina called for Africa’s vision to be bold and collective, and translated into tangible results, particularly in providing critical infrastructure such as power generation as a foundation for growth.

“Economies that don’t have power can never grow. It’s a direct correlation with your GDP growth and access to electricity. You can’t create jobs, you can’t industrialize, and sadly, you are not going to industrialize and be competitive in the dark,” Adesina emphasised.

Your legacy is not just institutional but impacting the lives of Africans, and we thank you and wish you the most success for what the future has in store for you

Challenging perceptions of high investment risk in Africa, he cited Moody’s data showing cumulative losses on Africa infrastructure investments of just 1.9 percent over 15 years — lower than in other regions. “Africa is not as risky as it is perceived — You can invest in Africa, get great returns in Africa, and have great institutions like us that will always be there beside you, making sure your capital not only comes, your capital stays, your capital grows, and you can take your capital back.”

On youth, Adesina stressed the need to turn Africa’s 420 million young people into an economic asset. “Everything we do needs to be focused on African youth — If you don’t create youth-based wealth, who is going to pay the taxes in the future?”

A Decade of Unprecedented Growth and Impact

Under Adesina’s leadership, the African Development Bank broke records, including growing its capital from $93 billion in 2015 to $318 billion in 2024. This remarkable growth enabled the Bank’s flagship “High 5s” initiatives to impact the lives of 565 million Africans across critical areas, including energy access, food security, industrialization, regional integration, and quality of life improvements.

The Bank was ranked the best multilateral financing institution in the world for two consecutive years and maintained AAA credit ratings throughout his tenure, including during the COVID-19 pandemic.

Africa50: From Vision to Global Infrastructure Leader

Adesina’s achievements also extended Africa50, which grew from a concept to a major infrastructure facilitator with, among others, $1.4 billion in managed assets with total portfolio company value exceeding $8 billion, 33 active projects spanning energy, transport, digital infrastructure, healthcare, and education across 32 countries and $275 million raised for the Africa Infrastructure Acceleration Fund from over 20 African institutional investors

As Adesina prepares to handover the leadership of the African Development Bank on 01 September 2025, he said

“My legacy is not a personal one. My legacy is an Africa strong enough to deliver finance for its transformation at scale — we have come of age, and we can handle issues by ourselves and deliver.

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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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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