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Nigeria signs Intra-African Trade Fair 2027 host agreement; gears up for Africa’s biggest marketplace

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Nigeria

Nigeria to host the fifth Intra-African Trade Fair 2027 (IATF2027) from 5 to 11 November 2027

LAGOS, Nigeria, March 10, 2026/APO Group/ –The Federal Republic of Nigeria has today signed the host agreement for the fifth Intra-African Trade Fair 2027 (IATF2027), taking over the baton from Algeria which hosted the highly successful fourth edition that recorded US$49.94 billion in trade and investment deals.

The agreement signing ceremony was held in Lagos, the designated ‘host city’, in partnership with African Export-Import Bank (Afreximbank), the African Union Commission and the African Continental Free Trade Area (AfCFTA) Secretariat, reinforcing Nigeria’s central role in advancing Intra-African trade and economic integration across the continent.

Scheduled to take place from November 5 – 11, 2027, IATF2027 is targeting over US$50 billion in trade and investment deals, 100,000 visitors, 2,500 exhibitors, and participation from more than 100 countries. The Fair will be held under the theme “Global Africa, Smart Trade- From Market Access to Market Power” featuring diverse programme notably the trade exhibitions; AfCFTA-focused trade and investment forum; the Global Africa Day to strengthen ties with Africa’s diaspora; a B2B (Business-to-Business) & B2G (Business-to-Government) platform; Creative Africa Nexus (CANEX) to showcase Africa’s creative economy; the Sub Sovereign Governments Network for regional and local governments integration; special days for countries, public and private sector to showcase their trade and investment potential, tourism and cultural highlights; Africa Automotive Show; AU Youth Start-up pavilion for African youth start-ups; and the Africa Research & Innovation Hub (ARIH) for academia and researchers.

In just four editions since 2018, IATF has cumulatively generated over US$167 billion in trade and investment deals and welcomed more than 180,000 visitors from 132 countries. This strategic partnership creates a uniquely African framework that blends policy direction, financial backing, and trade facilitation. IATF benefits from continent-wide institutional alignment, setting it apart in both structure and purpose.

Delivering his opening remarks, H.E. Chief Olusegun Obasanjo, Chairperson of the IATF2027 Advisory Council and Former President of the Federal Republic of Nigeria, underscored the strategic importance of the Fair in shaping Africa’s economic sovereignty.

“The signing of this host agreement marks a momentous milestone for Nigeria and for the continent. Bringing IATF2027 to Lagos is historically significant, as this city hosted the Lagos Plan of Action adopted in 1980, which championed Africa’s industrialisation and economic self-sufficiency. We have to work hard to keep moving towards the Africa we want. I am confident that IATF2027 will surpass all previous editions in both scope and impact as we advance our shared goal for a unified African marketplace under the AfCFTA,” he remarked.

Commenting on Nigeria’s expanding footprint in intra-African commerce, H.E. Dr. Jumoke Oduwole, Federal Minister of Industry, Trade and Investment, highlighted Nigeria’s rising contribution to continental trade flows.

Together, we must align our markets, our industries and our talent to deliver the prosperous Africa we envision

Today, as the international trading system faces profound challenges, we must remain resolute in our commitment to mutually beneficial, rules-based trade. As we prepare to host Africa’s largest marketplace in Lagos in 2027, we have an opportunity not only to reflect on our reality but to design the future of African trade integration and economic transformation. The work ahead of us under the AfCFTA is not only expansive but also existential for our survival and prosperity. IATF 2027 will therefore be a defining moment in accelerating and transforming intra-African trade and investment. Together, we must align our markets, our industries and our talent to deliver the prosperous Africa we envision,” she affirmed.

Appreciating Nigeria’s longstanding partnership and leadership in advancing intra-African trade, Dr. George Elombi, President and Chairman of the Board of Directors of Afreximbank, commended the Government’s commitment to the AfCFTA vision, noting that Nigeria’s scale, entrepreneurial depth, and industrial capacity make it a natural host for the 2027 edition.

“Nigeria’s vibrant entrepreneurial spirit gives us confidence that IATF2027 in Lagos will be a remarkable event that strengthens trade and investment across the continent. The trade fair is about building a strong pan-African single market and expanding intra-African trade beyond the levels we see today. Our collective duty is to use this platform to build value chains, create jobs and generate prosperity for our people. When Africans decide to work together, as they will at IATF 2027, the opportunities for transformation are limitless,” he highlighted.

Nigeria remains central to the success of AfCFTA, not only because of its market size but also due to its resource base and industrial potential. As a leading producer of oil and gas, solid minerals, including limestone, iron ore, gold, and lithium, and key agricultural commodities, Nigeria combines industrial capacity with a vibrant SME sector and a dynamic role in intra-African trade. This unique mix positions the country to drive value chains that power regional integration and strengthen the continent’s economic resilience.

Describing Nigeria as a major contributor to African Union growth and regional economic transformation, H.E. Francisca Tatchoup Belobe, AU Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, highlighted the importance of aligning industrial policy, mineral development, and trade facilitation to unlock Africa’s full potential.

“When we launched the IATF in 2018, it was a bold experiment in connectivity. It was not only a commercial event, but rather a strategic tool to increase intra-African trade, which remains stubbornly low. As we prepare for the fifth edition of the IATF, we must ensure that it propels intra-African trade and helps Africa reposition itself in the global trade landscape. We should therefore aim very high in 2027, especially as the IATF takes place in Nigeria, the most populous African country and one of the continent’s largest economies. Let us make IATF 2027 a defining moment that ignites new momentum for Africa’s investment, industrialisation and trade,” she said.

Reflecting on the broader continental impact, Cynthia E. Gnassingbé-Essonam, Director of Private Sector Engagement and Communications at AfCFTA Secretariat, who represented H.E. Wamkele Mene, Secretary General, AfCFTA Secretariat, emphasised that Nigeria’s host of IATF2027 reinforces collective efforts to operationalise the AfCFTA and deepen regional value chains.

“Today’s ceremony marks an important milestone in our collective efforts to advance the objectives of the African Continental Free Trade Area. The Intra-African Trade Fair has established itself as Africa’s premier marketplace for trade and investment, bringing together businesses, investors and policymakers from across the continent and the diaspora. Nigeria’s host of IATF 2027 is both timely and significant, and we are confident it will deliver an impactful trade fair that reflects the ambition of the AfCFTA and the aspirations of African businesses,” she commended.

For more information about IATF2027 please visit www.IntrAfricanTradeFair.com

Distributed by APO Group on behalf of Afreximbank.

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Binance sets the global standard for compliance in digital assets and goes beyond it

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Binance has built its compliance programme to a standard that goes beyond what is expected of traditional financial institutions in many markets

OUAGADOUGOU, Burkina Faso, September 14, 2026/APO Group/ –As digital assets become part of everyday finance across  West Africa, Binance (www.Binance.com) is setting out its commitment to compliance, security and user protection.

 



 
 

Who is Binance?

Binance is the world’s largest platform for buying, selling and holding digital assets such as Bitcoin,  Ethereum and stablecoins. Founded in 2017, Binance serves more than 320 million users across 100+  regions, including markets across Africa.

Why compliance matters

Digital assets move fast and across borders. That means the platforms holding them need strong  rules not just to meet legal requirements, but to keep users safe and earn their trust .

Binance has built its compliance programme to a standard that goes beyond what is expected of  traditional financial institutions in many markets. Every user must verify their identity before they  can trade or withdraw. Every transaction is monitored for signs of fraud or money laundering.  Suspicious activity is flagged, investigated and reported to the relevant authorities.

In Burkina Faso, we want people to understand who we are, how we protect their assets and why our standards are built to go beyond what is expected

A globally aligned standard

Binance operates under a regulatory framework licensed by the Abu Dhabi Global Market (ADGM)  Financial Services Regulatory Authority, one of the most respected financial regulators in the world.  This framework covers exchange operations, custody of user assets and clearing and settlement, with separate regulated entities for each function.

That means Binance’s compliance standards – covering governance, risk management, anti-money-laundering controls, customer protection and asset custody – are held to the same level of scrutiny as a fully regulated financial institution, not just a technology company.

Going beyond the traditional financial sector

Many traditional financial institutions are not required to publicly prove they hold the assets they claim to hold. Binance does. Through its Proof of Reserves system, Binance publishes regular, independently verifiable reports showing that user assets are backed one-to-one or better. Users can check for themselves that their balances are included, using cryptographic tools that protect their privacy.

Binance also maintains the Secure Asset Fund for Users (SAFU) , an emergency reserve held in a public wallet and designed to protect users in the event of a security incident. Few platforms in the digital asset industry,  and few institutions in traditional finance,  offer this level of visible, user-facing protection.

What this means for Burkina Faso

As digital finance grows in Burkina Faso and across the region, users deserve to know that the platform they use is held to the highest global standards. Binance is already operating to those standards, not because regulation requires it today but because keeping users safe is the foundation of trust.

“We believe compliance is not a box to tick. It is a continuous commitment to doing the right thing for users, regulators and the communities we serve,” said Samukele Mkhize, Compliance Lead Binance Africa. “In Burkina Faso, we want people to understand who we are, how we protect their assets and why our standards are built to go beyond what is expected.”

Distributed by APO Group on behalf of Binance.

 

 



 

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Pan-African Payment and Settlement System (PAPSS) targets accelerated adoption and transaction growth as network expands across Africa

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During 2026 alone, around 10 additional countries have joined the PAPSS ecosystem, with further expansion expected before the end of the year

LAGOS, Nigeria, Egypt, September 11, 2026/APO Group/ –The Pan-African Payment and Settlement System (PAPSS) is preparing to accelerate adoption and transaction growth across Africa as it enters the next phase of its strategy, following significant expansion of its network and strong growth in payment volumes and values.

Speaking at a media briefing in Lagos, Mr Mike Ogbalu III, Chief Executive Officer of PAPSS, said the platform now operates in more than 30 African countries across all five regions of the continent. It connects 24 national and regional central banks, more than 200 commercial banks and payments service providers, and 16 switches. Through strategic partnerships, PAPSS also provides a termination footprint covering more than 300 financial institutions.

 




  

During 2026 alone, around 10 additional countries have joined the PAPSS ecosystem, with further expansion expected before the end of the year.

Mr Ogbalu said: “The first phase of PAPSS has been about building, connecting and establishing trust. We have built the infrastructure, expanded our network across Africa and demonstrated that PAPSS can deliver tangible benefits. As we move into our next phase from 2027, our focus will increasingly shift towards activating that network, deepening adoption and taking transaction growth to scale.”

Usage of PAPSS has accelerated significantly. Between comparable periods in 2025 and 2026, transaction volumes across the network increased by approximately 1,000 per cent, while transaction values increased by approximately 120 per cent.

The growth we are seeing demonstrates that the infrastructure is working and that demand is increasing as more institutions and markets participate

Nigeria remains a significant contributor to that growth, recording an approximately 1,100 per cent increase in transaction volumes and a 125 per cent increase in transaction values over the same period.

PAPSS transactions have also demonstrated cost savings of between 92 and 95 per cent per transaction, a 99.99 per cent reduction in processing time and up to 80 per cent reduction in foreign exchange requirements.

Mr Ogbalu added: “The growth we are seeing demonstrates that the infrastructure is working and that demand is increasing as more institutions and markets participate. The next opportunity is to make these benefits available at much greater scale by working more closely with banks, fintechs, switches and other partners to bring PAPSS into the channels businesses and individuals use every day.”

PAPSS enables cross-border payments through participating financial institutions, including transactions using African currencies, helping connect payment ecosystems that have historically operated within national and regional boundaries.

As part of its next phase, PAPSS will focus on deeper market activation, greater customer awareness, development of priority payment corridors and wider availability of its services through participating financial institutions.

PAPSS currently provides three major solutions: the PAPSS Instant Payment System, the PAPSS African Currency Marketplace and PAPSSCARD. New solutions are also being piloted and are expected to be announced later in 2026.

The next phase of PAPSS’s growth will be discussed further at PAPSS COWRY 2026, its annual payments conference, taking place on 26 and 27 November in Addis Ababa, Ethiopia, and co-hosted with the National Bank of Ethiopia.

Mr Ogbalu concluded: “We have built the network, we have demonstrated the impact, and we are seeing usage accelerate. Our next phase is about taking all three to scale and ensuring that payments increasingly enable, rather than limit, the ability of African businesses and individuals to participate in opportunities across the continent.”

Distributed by APO Group on behalf of Afreximbank.

 




 

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Angola’s Angolan National Agency for Petroleum, Gas and Biofuels (ANPG) Signs New Deepwater Deals at Angola Oil & Gas (AOG) 2026

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Angola

Angola’s national concessionaire formalizes new risk-service contracts and block entries across the Kwanza and Congo Basins while advancing further exploration and emissions-reduction initiatives

LUANDA, Angola, September 11, 2026/APO Group/ –Angola’s national concessionaire, the Angolan National Agency for Petroleum, Gas and Biofuels (ANPG), formalized a series of offshore entries, risk-service contracts and other agreements with international oil companies at Angola Oil & Gas 2026 on Wednesday, advancing exploration across the Kwanza and Congo Basins.

 




  

The first signing, overseen by ANPG Director of Negotiations Hélder Iombo, covered Risk Service Contracts for deepwater Blocks 19, 34 and 35 with Shell, Equinor and Sonangol E&P. The contracts establish terms for the exploration, appraisal, development and production of liquid and gaseous hydrocarbons.

Each contract provides for an initial exploration period of up to five years and a 30-year production period for each approved commercial discovery. Work commitments include seismic data reprocessing and the drilling of at least one exploration well.

The agreements build on a November 2025 pact covering 17 deepwater and ultra-deepwater blocks across Angola’s Kwanza and Congo Basins, advancing several concessions into formal exploration.

ANPG also signed Heads of Terms with Shell, QatarEnergy and Sonangol covering Blocks 8 and 22 in the Kwanza Basin. The agreement sets the framework for exploration, appraisal, development and production, including minimum work commitments, exploration periods, bonuses, contributions, penalties and applicable fiscal and contractual terms.

In the Congo Basin, ANPG signed a Risk Service Contract for Block 33/24 with Chevron, Shell and Sonangol. The agreement provides for a five-year exploration period and a 30-year production period for each commercial discovery. The work program includes reprocessing 2,000 square-kilometers of additional 3D seismic data, followed by at least one exploration well if the project advances to the next phase.

Separately, ANPG signed Risk Service Agreements for Blocks 17, 27, 32 and 21 in the Congo Basin with TotalEnergies as operator alongside ExxonMobil and Sonangol. ANPG and TotalEnergies also signed an agreement setting the terms and conditions for Block 32, supporting an extension of the existing operation and further investment.

Alongside the upstream agreements, ANPG and TotalEnergies signed a Memorandum of Understanding focused on reducing emissions from oil and gas production, improving methane measurement and exploring opportunities to monetize emissions.

The initiative builds on Sonangol and TotalEnergies joining the Oil and Gas Decarbonization Charter in 2023. Under the MoU, the companies will share technical experience and assess technologies including TotalEnergies’ AUSEA drones, which were deployed in 2022 to detect, measure and monitor methane emissions at a Block 3 field. The companies will also work to develop national expertise in greenhouse-gas management and assess international climate funds that could support decarbonization projects.

The initiative also aligns with Sonangol’s recent decision to join the UN-backed Oil and Gas Methane Partnership 2.0, of which TotalEnergies is already a member.

In a separate agreement, ANPG, the Moxico Provincial Government, Chevron and the Instituto Nacional de Gestão Ambiental (INGA) established indicative terms for assessing, structuring and preparing land access for a project in Moxico Province.

The initiative will begin with a 20-hectare pilot phase lasting two to three years, with potential expansion to 20,000 hectares based on its results. The project is intended to link emissions reduction with job creation, economic development and sustainable land use.

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

 




 

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