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Nigeria Expands Agro-Industrial Footprint with New Processing Hub in Oyo State

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Nigeria

The Oyo site is the third to be developed under the national SAPZ program, and the first in southwest Nigeria

IBADAN, Nigeria, August 3, 2025/APO Group/ —

  • Oyo SAPZ will host up to 40 agro-processing industries, create over 100,000 direct and indirect jobs, and benefit half a million farmers.
  • A great honour to do this on my last official visit to Nigeria as President of the African Development Bank Group (www.AfDB.org) – Adesina

Nigeria has launched a new Special Agro-Industrial Processing Zone (SAPZ) in Oyo State, marking a major milestone in the country’s efforts to boost agricultural transformation, job creation and rural industrialization.

The groundbreaking ceremony, held in the Ijaiye community near Ibadan on Saturday, was attended by national and international dignitaries, including the President of the African Development Bank Group, Dr. Akinwumi Adesina who was making his final official visit to Nigeria in that role. Also in attendance were the Governor of Oyo State, Seyi Makinde, and Nigeria’s Minister of Agriculture, Senator Abubakar Kyari.

The Oyo site is the third to be developed under the national SAPZ program, and the first in southwest Nigeria. It follows earlier launches in Kaduna and Cross River States in April 2025.

According to Dr. Adesina, “I believe that Nigeria can and must be a global powerhouse in agriculture. But you need investments to be able to do that. You also need industrial platforms that will connect primary agricultural production all the way to how you store products, how you process and add value, and how you ship to be able to sell. And that is what the special agro-industrial processing zones are really about.”

The program is financed by the African Development Bank, in partnership with the Islamic Development Bank, the International Fund for Agricultural Development, and Nigeria’s federal and state governments. Together, they have committed $538 million to the first phase of the program, covering seven states and the Federal Capital Territory.

Covering 3,000 hectares, with 300 hectares designated for immediate development, the Oyo SAPZ is expected to host up to 40 agro-processing industries, create over 100,000 direct and indirect jobs, and benefit half a million farmers.

Oyo State Governor Makinde hailed the launch as a fulfilment of promises made: “Today is about promises kept. It is a strategic step on the journey of sustainable development. These hubs bring producers closer to processors and link farms to markets. They reflect our government’s belief that agriculture is not just about food, it is about infrastructure, enterprise and national relevance. We’re building a future where agriculture feeds not just homes, but industries; where it doesn’t just sustain families but entire economies.”

It’s a move that will strengthen agribusiness value chains and enhance overall competitiveness

Representing Vice President Kashim Shettima, Nigeria’s Minister of Agriculture, Senator Abubakar Kyari highlighted the SAPZ initiative’s alignment with national priorities: “Today’s event exemplifies the spirit of partnership and shared vision that is vital to our nation’s progress. The SAPZ initiative is one of the cornerstones of the renewed hope agenda championed by President Bola Ahmed Tinubu, a vision rooted in restoring Nigeria’s dignity, unlocking our vast potentials and creating opportunities for every citizen.”

Dr. Adesina underscored the transformative vision behind SAPZs, calling them essential to unlocking agricultural value chains and lifting millions out of poverty.

“The export of primary commodities is the door to poverty. The export of value-added commodities and products is a highway to wealth. It doesn’t really matter what you have in terms of agricultural commodities, whether it is cocoa or coffee, or grains; if you’re not adding value to it, it’s actually going to make you poor. So, what we’re doing here is to be able to unlock that value,” Adesina stressed. “Our goal is very clear. It’s to reduce massive post-harvest losses, develop logistics, and improve linkages between farm production, agro-processing, and value addition, transform rural economies, and, of course, to create jobs.”

He outlined three critical pillars for the success of the SAPZs: political will, resource mobilization, and strategic partnerships. “What we are witnessing today would not have happened without intense collaboration,” he noted.

Reflecting on his 10-year tenure as President of the African Development Bank, Adesina highlighted milestones achieved under his leadership, including the Bank’s capital increase from $93 billion in 2015 to $318 billion in 2024, and the two-time ranking of its sovereign portfolio as the most transparent among multilateral development banks globally

The SAPZ initiative is a flagship of the Bank’s ‘Feed Africa’ strategy, launched by Adesina in 2015. The zones are being developed in 28 sites across 11 African countries, with the Nigerian program being the largest.

The chairperson of the Ijaiye Farm Settlers Association, David Olatunji, described Saturday’s groundbreaking ceremony as “a memorable opportunity” for the community and the state. “We have a lot of unbroken forests around us, and the farmers are ready to work!” he declared.

Dr. Adebowale Adeyeye, an agripreneur specializing in soyabean and cashew production and processing, said: “The SAPZ project in Ijaiye is a strategic boost for businesses like ours. With targeted government support in areas like power, road access, and security, it creates the kind of enabling environment we need to scale operations, reduce costs, and attract long-term investment. It’s a move that will strengthen agribusiness value chains and enhance overall competitiveness.”

The SAPZ Programme is working to transform Nigeria’s rural economy into zones of prosperity, by facilitating industrial processing, expanding market access, and attracting private sector investment. The Zones are being developed in 28 sites across 11 African countries, with the Nigeria program being the largest.

Dr. Kabir Yusuf, National Coordinator of SAPZ Nigeria, announced plans to expand the program to an additional 10 states from September 2025, marking the beginning of the second phase that will cover the remaining States in the country.

Adesina was accompanied by senior Bank officials, including the Director General for Nigeria, Dr. Abdul Kamara; Senior Special Adviser on Industrialization, Prof. Oyebanji Oyelaran-Oyeyinka; and Director of Agricultural Finance and Rural Development Department, Richard Ofori-Mante.

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

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Aurionpro expands its multi-country transaction banking engagement with Diamond Trust Bank (DTB)

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Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers

MUMBAI, India, April 30, 2026/APO Group/ –Aurionpro Solutions Limited (www.AurionPro.com) (BSE: 532668 | NSE: AURIONPRO)a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries.

Download Document: https://apo-opa.co/4edHUaC

This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience, streamline operations, and support growing transaction volumes as it expands its regional corporate banking footprint. DTB continues to focus on building a more agile, ‘digital-first’ banking experience, particularly around payments for its corporate customers across Africa, and is now well positioned to scale these capabilities. As part of its broader transformation agenda, the bank has been steadily investing in platforms that enhance scale, reliability, and service consistency across markets.

Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility

Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers. By enabling DTB to standardize and scale its transaction banking operations across countries, the platform ensures consistent service levels, stronger control, and improved efficiency. It also supports enhanced user experience, advanced security, and the flexibility to introduce new features as DTB expands its regional transaction banking footprint.

Murali Natarajan (https://apo-opa.co/48trPdk), Managing Director & CEO, DTB Kenya   commented: “We are delighted to strengthen and broaden our partnership with Aurionpro Solutions as part of DTB’s ongoing digital transformation journey across multiple markets. Our focus on innovation, operational excellence, and customer-centricity continues to guide our technology investments. This upgrade strengthens our transaction banking capabilities, enabling us to deliver greater value to our customers through robust digital channels and seamlessly integrated experiences.”

Ashish Rai, Group CEO, Aurionpro Solutions, commented: “We are pleased to deepen our multi-country engagement with Diamond Trust Bank and support the next phase of its transaction banking modernization. As DTB continues to scale across markets, platform resilience and consistency become paramount. Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility, deliver superior experiences to corporate customers, and create long-term value across geographies.”

He added, “Aurionpro’s iCashpro lays a strong digital foundation for transaction & wholesale banks across the globe to grow their corporate and SME client portfolio today, while creating a clear roadmap for next- generation capabilities in AI-driven insights, advanced automation and API-led connectivity for businesses in Kenya and across Africa.”

Distributed by APO Group on behalf of Aurionpro Solutions Ltd.

 

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Minerals Council Chief Executive Officer (CEO) Joins African Mining Week (AMW) as South Africa Improves Sectorial Investment Climate

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Energy Capital

Minerals Council CEO to share insights on policy, infrastructure and investment trends shaping South Africa’s mining industry

CAPE TOWN, South Africa, April 30, 2026/APO Group/ –The upcoming African Mining Week (AMW) conference will feature Mzila Mthenjane, CEO of the Minerals Council of South Africa, as a speaker. Scheduled for October 14 – 16, 2026 in Cape Town, the event will bring together global investors, policymakers and industry leaders, with Mthenjane’s participation highlighting the council’s commitment to engaging international stakeholders and promoting investment across South Africa’s mining sector.

His participation comes at a critical moment as the Minerals Council works closely with government on finalizing the Mineral Resources Development Bill 2025, a policy framework aimed at strengthening the country’s mining investment climate and the sector’s contribution to GDP. According to the council, the revised legislation will support new investment across the value chain as South Africa seeks to mobilize R2 trillion over the next five years to unlock its critical minerals potential.

The policy reforms come amid shifting production trends in the sector. In 2025, South Africa recorded declines in gold and platinum group metals output of 1.9% and 4.1%, respectively. The new regulatory framework is expected to strengthen public-private partnerships and stimulate investment, enabling South Africa to increase production and capitalize on strong global commodity prices. Increased private sector investments is crucial with South Africa seeking targeting to unlock an estimated R40 trillion in untapped iron ore potential as well as maintain its position as the world’s leading producer of chrome and manganese.

At AMW 2026, Mthenjane is expected to outline these trends, providing insights into how the council is contributing to addressing challenges disrupting the sector. Infrastructure and energy costs remain key concerns for industry players. To support the energy-intensive sector, South Africa approved a 35% reduction in electricity tariffs for major ferrochrome producers, helping stabilize an industry that has faced significant cost pressures after electricity prices surged by roughly 900% since 2008.

Logistics constraints are also a priority area for reform. South Africa’s economy is losing an estimated R1 billion per day due to inefficiencies across rail and port infrastructure. As a result, the government is considering measures supported by the Minerals Council to increase private sector participation in logistics. Planned reforms include rail modernization initiatives targeting 250 million tons of freight capacity by 2029, alongside port upgrades and private operator participation aimed at strengthening mineral exports and improving supply chain efficiency.

Beyond infrastructure and policy reforms, the Minerals Council is advocating for stronger exploration investment to support long-term industry growth.

At AMW, Mthenjane is expected to highlight these developments and outline the steps required to reinforce South Africa’s position in the global minerals supply chain. His insights will offer investors and stakeholders a timely perspective on opportunities within the country’s mining sector.

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

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Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

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African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

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