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Nigeria to Host 32nd Afreximbank Annual Meetings from 23 to 28 June 2025

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The 32nd Afreximbank Annual Meetings in June 2025 is expected to be the largest gathering of Global Africa in the Bank’s Annual Meetings history, bringing together over 6,000 delegates including Heads of State, government officials, captains of industry, businesspeople, decision-makers, academics, respected experts and advisors from Africa, the CARICOM region and globally

ABUJA, Nigeria, February 12, 2025/APO Group/ –The Federal Government of Nigeria and Afreximbank (www.Afreximbank.com) have signed the Host Country Agreement for the 32nd Afreximbank Annual Meetings (AAM) in Abuja, Nigeria, from 23-28 June 2025.

Afreximbank Annual Meetings is one of the most anticipated gatherings on the African continent, featuring high-level policy discussions, presentations, and side events on issues pertinent to the socio-economic development of Africa as well as business networking sessions that drive integration through trade and investments.

The 32nd Afreximbank Annual Meetings in June 2025 is expected to be the largest gathering of Global Africa in the Bank’s Annual Meetings history, bringing together over 6,000 delegates including Heads of State, government officials, captains of industry, businesspeople, decision-makers, academics, respected experts and advisors from Africa, the CARICOM region and globally.

Commenting on the significance of the agreement, H.E. Wale Edun, the Honourable Minister of Finance and Coordinating Minister of the Economy for Nigeria, emphasised Nigeria’s strong partnership with Afreximbank and its commitment to fostering trade and economic growth for Africa and beyond.

He sai: “Nigeria is honoured to host the 2025 Afreximbank Annual Meetings, which will serve as a critical platform to drive discussions on trade financing, economic growth, and investment opportunities across Africa.” He added: “This event is a testament to our commitment to strengthening Africa’s financial sector and positioning Nigeria as a hub for economic transformation.”

Professor Benedict Oramah, President and Chairman of the Board of Directors, Afreximbank, said: “We greatly appreciate the Federal Government of Nigeria’s acceptance to host the 2025 Afreximbank Annual Meetings, which demonstrates our united determination to accelerating Africa’s economic growth and development.

This event is a testament to our commitment to strengthening Africa’s financial sector and positioning Nigeria as a hub for economic transformation

“The Government of Nigeria has been a steadfast partner and a strong backbone of the Bank. It has consistently responded positively to capital calls, injecting significant equity into the Bank even when the economic environment seemed challenging; removing regulatory hurdles that would otherwise inhibit the Bank’s business in Nigeria, and being at the forefront of rallying continental support for the Bank.”

“This year’s theme, ‘Building the Future on Decades of Resilience,’ reflects the progress that we have made over the past three decades and the bold steps that are imperative to navigate the increasingly complex global landscape. The African Continental Free Trade Area (AfCTA) has given our continent an unrivalled opportunity to deliver sustainable economic transformation that will propel Africa’s economic growth and raise living standards and prosperity for all Africans.

“Afreximbank Annual Meetings will provide a platform to reflect on our journey, celebrate contributions, and chart a path forward that reinforces our continent’s economic independence and global influence. We look forward to welcoming and meeting stakeholders from across Africa and other parts of the world to Abuja for this prestigious event.”

Prof. Oramah noted that Nigeria’s unwavering support to Afreximbank has been the primary driver of the Bank’s strong continental impact. “The impact on the Nigerian economy is equally palpable. Being the largest recipient of the Bank’s trade and development finance, Nigeria has attracted cumulative disbursements of about US$52 billion in addition to being the first beneficiary of several flagship transformative projects being executed by the Bank such as the African Medical Centre of Excellence (AMCE), African Quality Assurance Centre (AQAC), Afreximbank African Trade Centre (AATC), among others.

This year’s event comes on the backdrop of the highly successful 2024 AAM, held in Nassau, The Bahamas and attended by over 4,000 delegates, including over 20 Heads of State, government ministers, high-level dignitaries, global experts, and world-renowned celebrities and artists.

Afreximbank was established when the shareholders held their first General Meeting in Abuja, Nigeria in October 1993. Today, Nigeria is Afreximbank’s second-largest shareholder.

Distributed by APO Group on behalf of Afreximbank.

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GoDaddy Airo®: An AI-Powered Revolutionary Solution for African Entrepreneurs and Small Business Owners

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GoDaddy Airo Delivers website creation, logo design and digital marketing strategies for entrepreneurs to get started online quickly

JOHANNESBURG, South Africa, February 19, 2025/APO Group/ –GoDaddy (www.GoDaddy.com), a global leader in empowering entrepreneurs, unveiled GoDaddy Airo®, an innovative AI-powered experience set to transform small and medium-sized businesses sector. This groundbreaking new AI-powered experience enables entrepreneurs to establish a comprehensive online presence within minutes, bridging the gap between vision and digital reality.

 

Selina Bieber, Vice President for International Markets at GoDaddy, emphasized the new experience’s significance, “GoDaddy Airo® provides accessible AI-powered tools for African entrepreneurs and business owners to realize the benefits of using AI technology to help build and grow their digital brands together effortlessly.”

The AI-driven features include instant brand creation, digital marketing tools, Search Engine Optimization, and a user-friendly interface that allows navigation of advanced features without technical expertise. GoDaddy Airo® generates custom logos, websites, and email addresses in moments, develops targeted social media calendar aligned with local events, and enhances online visibility with built-in email marketing campaigns.

GoDaddy Airo® can offer business owners new opportunities, while saving valuable time, so they can focus on building their brand, engaging with their customers and growing

Many small business owners feel they face challenges in leveraging new technologies, primarily due to high implementation costs and lack of in-house technical expertise. GoDaddy Airo® eliminates these obstacles by providing cost-effective solutions accessible to businesses of all sizes, an intuitive design requiring no specialized skills, and comprehensive support and resources to confidently embrace AI technology and realize its benefits to their business operations.

With the purchase of a domain name, GoDaddy Airo® leverages the power of AI to make it easy  to start a business and take it to the next level with a user-friendly online interface that requires no technical expertise.

Key features include:

  • Logo Creation – Building a compelling visual identity is essential for any business but can be time-consuming and expensive. With GoDaddy Airo® entrepreneurs can generate unique, professional logos in minutes, providing a solid brand image without needing design expertise.
  • Instant Website Development – One of the platform’s standout features is its ability to generate complete websites instantly. Entrepreneurs can publish a functional site with personalized content within minutes, simplifying digital presence creation without technical skills.
  • Automated Search Engine Optimization – GoDaddy helps businesses enhance their search rankings by providing suggestions to optimize their websites with targeted keywords and descriptions. AI analyses and recommends improvements, increasing visibility in search engine results and helping small businesses attract more customers.
  • Professional Email Services – A company domain-based email not only builds customer trust but also promotes the brand with every message sent. Additionally, it is backed by advanced email security through Microsoft 365, with features such as proactive protection, email backup, archiving, and seamless migration.

“GoDaddy Airo® can offer business owners new opportunities, while saving valuable time, so they can focus on building their brand, engaging with their customers and growing,” added Bieber.

For more information on how GoDaddy Airo® can help your business, visit https://apo-opa.co/416hvTL.

Distributed by APO Group on behalf of GoDaddy.

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African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact

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During the final day of the assembly, several African governments and AU officials paid tribute to Dr. Adesina for his exceptional leadership of the Bank and strong global advocacy for Africa, He ends his tenure as the Bank Group’s president on 1st September 2025

ABIDJAN, Ivory Coast, February 18, 2025/APO Group/ —

  • “It’s been my greatest honor to serve you and Africa”—Adesina tells African leaders
  • Governments across Africa pay tribute to Adesina’s exceptional leadership
  • UN Secretary General Guterres says global financial architecture hampering Africa’s development, calls for reforms

 

African Development Bank Group (www.AfDB.org/en) President Dr. Akinwumi A. Adesina, delivered a compelling farewell address to Heads of State and Government at the 38th African Union Summit, highlighting a decade of remarkable achievements by the Bank in driving Africa’s economic transformation. Adesina’s participation at the august continental gathering in Addis Ababa ended on a high note as African leaders considered and endorsed four Bank-led initiatives including the drive to connect 300 million Africans to electricity by 2030, measuring Africa’s green wealth as part of its GDP, a $20 billion facility to provide Africa with a financial buffer and a roadmap for the continent to achieve inclusive growth and rapid sustainable development.

Adesina, who is also the Chairman of the Group’s Boards of Directors, underscored the impact of the Bank’s High 5s Agenda—Light up and Power Africa, Feed Africa, Industrialize Africa, Integrate Africa, and Improve the Quality of Life for the People of Africa—which has impacted more than half a billion lives across the continent.

“It has been an unprecedented partnership to advance the goal of the African Union towards achieving Agenda 2063: the Africa we want,” said Adesina who in February 2022, became the first president of the Bank Group to address the AU Summit.

During the final day of the assembly, several African governments and AU officials paid tribute to Dr. Adesina for his exceptional leadership of the Bank and strong global advocacy for Africa, He ends his tenure as the Bank Group’s president on 1st September 2025.

The February 15–16 Summit saw the election of Djibouti’s Foreign Minister Mahmoud Ali Youssouf as Chairperson of the African Union Commission, taking over from Moussa Faki Mahamat. Algeria’s Ambassador, Salma Malika Haddadi, was elected the Commission’s Deputy Chairperson.

Reflecting on his tenure at the helm of the African Development Bank, Dr. Adesina said the Bank has transformed 515 million lives, including 231 million women, over the past decade:

  • 127 million people gained access to better services in terms of health.
  • 61 million people gained access to clean water.
  • 33 million people benefited from improved sanitation.
  • 46 million people gained access to ICT services, and
  • 25 million people gained access to electricity.

He cited the landmark Africa Energy Summit held in Tanzania in January, where 48 nations signed the Dar Es Salaam Declaration to adopt bold policies in support of an initiative by the World Bank and the African Development Bank to extend electricity access to 300 million Africans by 2030. That meeting, attended by 21 heads of state, secured $48 billion in commitments from the two institutions and an additional $7 billion from other development partners.

The Addis Ababa Summit endorsed the Dar Es Salaam Energy Declaration, the Baku Declaration by African Heads of State on Measuring the Green Wealth of Africa. The Assembly also adopted the African Financing Stability Mechanism, a groundbreaking initiative by the African Development Bank to provide $20 billion in debt refinancing for African nations alongside  the Strategic Framework on Key Actions to Achieve Inclusive Growth and Sustainable Development in Africa report which  outlines key actions required to enable Africa to achieve, and sustain an annual growth rate of at least 7% of GDP over the next five decades.

On food security, Adesina cited the Bank’s Technologies for African Agricultural Transformation (TAAT), the Dakar 2 Food Summit that mobilized $72 billion in 2023, and the $1.5 billion Africa Emergency Food Production Facility that was launched in May 2022 to avert a major food and fertilizer crisis triggered by global conflicts.

Over 101 million people became food secure. We mobilized $72 billion to implement the food and agriculture delivery compacts across the continent

“The African Development Bank accelerated food production in Africa. Over 101 million people became food secure. We mobilized $72 billion to implement the food and agriculture delivery compacts across the continent,” he stressed. With the support of the Bank, Ethiopia has achieved self-sufficiency in wheat production within four years and is now a wheat-exporting nation.

A Decade of Transformative Impact

With a strong focus on job creation, the Bank has trained 1.7 million youth in digital skills and is rolling out Youth Entrepreneurship Investment Banks to drive youth-led economic growth. “Our goal is simple: create youth-based wealth across Africa,” Adesina reiterated.

Additionally, the Affirmative Finance Action for Women in Africa (AFAWA) initiative has provided $2.5 billion in financing to over 24,000 women-owned businesses, said Adesina.

Over the past decade, the African Development Bank has invested over $55 billion in infrastructure, making it the largest multilateral financier of African infrastructure.

The Bank has also prioritized healthcare, committing $3 billion in quality healthcare infrastructure and another $3 billion for pharmaceutical development, including establishing the Africa Pharmaceutical Technology Foundation.

Historic Financial Mobilization for Africa

Under Adesina’s presidency, the Bank achieved its largest-ever capital increase, growing from $93 billion in 2015 to $318 billion currently. The most recent replenishment of the African Development Fund, the Bank Group’s concessional window, raised a record $8.9 billion for Africa’s 37 low-income countries, setting the stage for a target of $25 billion for its upcoming 17th replenishment.

The Africa Investment Forum, a joint effort with eight other partner institutions, has also mobilized over $200 billion in investment commitments, reinforcing Africa as a leading investment destination.

As he bade farewell, the outgoing Bank chief expressed gratitude to the African Heads of State, the African Union Commission, regional economic communities, and the people of Africa for their unwavering support.

“As today will be my final attendance of the AU Summit as President of the African Development Bank, I would like to use this opportunity to immensely thank your Excellencies Heads of State and Government for your extraordinary support over the past ten years. I am very grateful for your always being there for the African Development Bank—your Bank. I am very grateful for your kindness, friendship, and partnership as we forged global alliances to advance the continent’s interest around the world,” he said.

The 2025 Summit under the theme, Justice for Africans and People of African Descent Through Reparations,” drew global political leaders and other dignitaries, including UN Secretary-General António Guterres, and the Prime Minister of Barbados, Mia Mottley.

Guterres reiterated calls for reform of the international financial architecture, which is hampering the development of many African economies, beset by expensive debt repayments and high borrowing costs, which limits their capacity to invest in education, health and other essential needs.

Prime Minister Mottley emphasized Africa’s strategic role in shaping global economic trends, particularly highlighting the continent’s control of 40% of the world’s minerals. She stressed the importance of addressing emerging challenges like artificial intelligence, urging African nations to take a proactive role in technological advancement rather than becoming “victims of technology.”

She also underscored the urgency of removing artificial barriers between Africa and the Caribbean, calling for the elimination of transit visa requirements to boost trade and integration. Mottley echoed demands for reparatory justice, noting that both the Caribbean and Africa began their independence journey with “chronic deficits” in resources, fairness, and opportunity.

Opening the Summit on Saturday, Ethiopian Prime Minister Dr. Abiy Ahmed urged continued unity among member countries in addressing the challenges.

“In a world marked by rapid change and multiple challenges, we find ourselves at the crossroads of uncertainty and opportunity. This movement calls upon us to strengthen our collective resolve, embrace resilience and foster unity across Africa”, he said.

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

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Congo Energy & Investment Forum (CEIF) 2025 to Position Floating Liquefied Natural Gas (FLNG) as a Catalyst for Gas Monetization

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Following the Republic of Congo’s first LNG cargo delivered in February 2024, a “Hallmark Celebration of FLNG” session at CEIF 2025 will provide insights on the latest developments in the sector

BRAZZAVILLE, South Africa, February 18, 2025/APO Group/ –The inaugural Congo Energy & Investment Forum (CEIF) will feature a Hallmark Celebration of FLNG session, dedicated to acknowledging and celebrating the remarkable advancements in FLNG technology and its domestic application within the Republic of Congo.

The session is designed to underscore the nation’s progress in harnessing FLNG solutions to bolster its energy infrastructure and economy. Attendees can anticipate in-depth analyses of current projects, insights into future initiatives and evaluations of the economic and environmental impacts of FLNG utilization.

The Hallmark Celebration of FLNG will provide a platform for stakeholders to reflect on these achievements, share best practices and explore collaborative opportunities to further

The inaugural Congo Energy and Investment Forum, set for March 24-26, 2025, in Brazzaville, under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société National des Pétroles du Congo, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

The Republic of Congo has made significant strides in the FLNG arena, positioning itself as a notable player in the global LNG market. In February 2024, Italian energy conglomerate Eni shipped its first LNG Cargo from its Tango FLNG unit, boasting a liquefaction capacity of 0.6 million tons per annum (MTPA). Building on this momentum, Eni launched the hull of the Nguya FLNG facility in November 2024 at Wison Heavy Industry’s shipyard in Nantong, China. This new facility is slated to add an additional 2.4 MTPA, bringing the total liquefaction capacity of the Congo LNG project to 3 MTPA by the end of 2025.

The integration of FLNG technology is anticipated to have a transformative impact on the Republic of Congo’s energy landscape. By enabling offshore gas liquefaction, FLNG units offer a flexible and efficient means to monetize natural gas resources, facilitating exports and generating revenue. Moreover, the domestic application of FLNG is expected to enhance energy security, support industrial development and contribute to the nation’s economic diversification efforts.

Sandra Jeque, Events & Project Director at CEIF event organizer Energy Capital & Power, stated, “The Hallmark Celebration of FLNG will provide a platform for stakeholders to reflect on these achievements, share best practices and explore collaborative opportunities to further advance FLNG initiatives. Participants will gain valuable insights into the technical, regulatory and financial aspects of FLNG projects, equipping them with the knowledge to navigate this dynamic sector.”

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

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