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Mozambique: Prime Minister Maleiane commends African Development Bank Group’s partnership

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Mozambique

Akin-Olugbade’s courtesy call on the prime minister is part of a six-day official visit to Mozambique

MAPUTO, Mozambique, July 12, 2023/APO Group/ — 

Mozambican Prime Minister Adriano Maleiane has given a resounding endorsement of the African Development Bank’s (www.AfDB.org) development strategy in his country. Receiving the Bank’s vice president for regional development, integration and business delivery, Marie-Laure Akin-Olugbade in his office on Thursday, Maleiane complimented the African Development Bank for what he said was its unique approach to development and partnership, which went beyond financing, to humanize its initiatives.

Akin-Olugbade’s courtesy call on the prime minister is part of a six-day official visit to Mozambique. Accompanying her were the group’s Director General for Southern Africa, Leïla Mokaddem and Country Manager for Mozambique, Cesar Augusto Mba Abogo.

Akin-Olugbade commended the Mozambican government for implementing various reforms that have helped to maintain the country’s stability, and for showing “strong resilience in the face of such exogenous shocks as climate change, Covid-19, conflict and terrorism.”

Earlier on Thursday, Akin-Olugbade and her team met with development partners and some members of the diplomatic corps in Maputo to discuss collaborative support to Mozambique. Partners included representatives from the World Bank, the Agence Française de Développement (AFD), the International Fund for Agricultural Development (IFAD), the European Union, the United Kingdom, Spain, Sweden, KfW, The United Nations Office for Project Services (UNOPS) and the United States Agency for International Development (USAID) participated in the meeting.

The African Development Bank team also held meetings with private sector groups as well as the government. Discussions with Economy and Finance Minister Max Elias Tonela on Wednesday focused on the implementation of the recently approved African Development Bank Country Strategy for Mozambique for the period 2023-2028.

Tonela welcomed the new country strategy paper and its alignment with the Mozambican government’s medium and long-term strategies for the economy and private sector development. He said both strategies focused on the creation of jobs and sustained social development.

Tonela noted: “This strategy is poised to strongly support Mozambique in implementing crucial economic reforms, enabling the country to realize its immense potential and achieve a positive economic outlook. It will serve as a robust framework in our collaboration for driving tangible growth and capitalizing on the abundant opportunities that lie ahead.”

African Development Bank Country Manager Abogo said: “With this Country

The African Development Bank has been actively engaged in Mozambique for more than 45 years, with investments in the country of up to $3.6 billion

Strategy Paper, we are aiming to maintain our hallmark as a strategic partner of reference for both the Government of Mozambique and other Development Partners who, like the African Development Bank, support this country in facing the challenge of achieving inclusive and sustainable growth.”

One of the African Development Bank-funded projects that the team visited was Agricultural Value-Chain and Youth Empowerment Project. It is a project that supports young farmers and their communities by providing horticulture, irrigation and livestock-related infrastructure. Following the visit, Akin-Olugbade remarked that peace and security are essential for sustainable economic development.

She said: “Conflict and violence undermine progress and have long-term adverse impacts. Addressing these issues is paramount for fostering inclusive growth and sustainable development.”

The African Development Bank’s Regional Development, Integration and Business Delivery complex—which Akin-Olugbade manages—oversees the Bank’s $30 billion portfolio and lending across its five regional hubs. It provides strategic leadership on the Bank’s work on fragility and regional integration.

Mokaddem said the visit was an opportune time to recognize the significant position Mozambique holds in the Bank’s ongoing innovative initiatives.

She said: “We have such examples as the [Bank’s] Security Indexed Investment Bond, the Dakar 2 Food Summit, and support to Zimbabwe’s debt arrears clearance, through the ongoing structured dialogue platform with the country’s creditors and development partners.” She added that this is a process being facilitated by  Mozambique’s former president Joaquim Chissano.

The African Development Bank has been actively engaged in Mozambique for more than 45 years, with investments in the country of up to $3.6 billion. It has allocated more than half of this funding in just the past decade.

Mozambique is a key focus of the African Development Bank’s various flagship initiatives for Africa’s transformation, one of them being its Special Agro-Industrial Processing Zones program.

The African Development Bank’s current country portfolio for Mozambique is worth $1.21 billion and is the second largest in the southern region. It comprises 29 projects across energy, transport, agriculture, social and economic governance sectors.

The Bank vice president and her team are visiting Mozambique through Friday, 7 July.  

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

Events

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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Business

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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