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Nigeria to Welcome Global Investors and Founders to Drive Africa’s Next Wave of Deals and Exits

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Investors

Hundreds of investors and capital providers are expected to converge in Lagos this October to drive the next phase of deal flow and historic funding opportunities for promising African startups. At Moonshot by TechCabal 2025 (https://Moonshot.TechCabal.com/), Africa’s flagship innovation conference, participants will engage directly with founders, lead conversations on cross-border partnerships, and shape exit strategies designed to accelerate Africa’s innovation economy.

 

After a global funding slowdown in 2023–2024, African tech is showing early signs of recovery, with startup funding climbing to $1.42 billion across 243 deals (https://apo-opa.co/4nc9Vkh) in the first half of 2025 – a 78% increase from last year. African startups are also expanding into global markets, exporting homegrown solutions to address global challenges. Building on this momentum will require strengthening deal flow, creating more robust exit opportunities, and boosting investor confidence so that capital can be further channelled into the ecosystem. These priorities, and the challenges they present for the ecosystem, will guide discussions among founders, investors, venture capitalists, angels, and limited partners (LPs) at Moonshot, across multiple content tracks.

 

Driving these conversations across diverse panels and keynotes includes Maxime Bayen, Operating Partner at FundCatalyst (www.TheCatalystFund.com); Lexi Novitske, General Partner, Norrskken 22 (www.Norrsken22.com); Tito Cookey-Gam, Principal at Partech Africa (https://PartechPartners.com); and Eloho Omame, Partner at TLcom Capital (https://TLcomCapital.com), among others. Digital for Development (D4D) (https://D4DHub.eu/), representing the European Union, will also lead a delegation of more than 100 investors and ecosystem leaders from across Europe to Lagos, with their participation set to drive critical conversations and accelerate deal flow between African startups and global capital.

 

Speaking about the gathering, Tomiwa Aladekomo, CEO of Big Cabal Media (https://BigCabal.com/), said: “The African tech ecosystem is gaining real momentum, and we’re seeing a growing appetite from global investors to back its next wave of startups. This is the moment to connect ambitious founders with the right capital, explore how exit opportunities can sustain growth, and build partnerships that truly scale. At this year’s Moonshot, we’re creating the space for those conversations to happen, turning that momentum into tangible opportunities for founders, investors, and the ecosystem as a whole. And beyond funding, we’re exploring emerging sectors like AI, payments infrastructure, digital assets, and creative industries, while also engaging policymakers, corporates, and ecosystem builders.”

 

This is the moment to connect ambitious founders with the right capital, explore how exit opportunities can sustain growth, and build partnerships that truly scale

Commenting on their participation, Digital for Development (D4D) Hub Africa Branch Deputy Coordinator, Hussein Jaffar, said, “Moonshot is an important space for putting Global Gateway into action by connecting African innovators with European investors and partners. Through the D4D Hub, the Europe team is working to turn these connections into concrete collaborations, showcasing scalable digital solutions and unlocking new investment opportunities that strengthen Africa’s innovation ecosystems and advance our shared global priorities.

 

Headline sponsored by Sabi (www.Sabi.am), Moonshot 2025 will also spotlight Africa’s bold adoption of artificial intelligence (AI). Also, Nigeria’s Minister of Trade Jumoke Oduwole will share insights into how progressive trade policies are empowering startups, expanding digital services exports, and positioning Nigeria as Africa’s hub for digital trade.

 

Moonshot by TechCabal, now firmly established as one of the most influential convenings of early- and growth-stage capital on the continent, will also feature a deep-dive session on Africa’s Next-Gen Payment Rails, exploring how Application Programming Interfaces (APIs), digital-first infrastructure, mobile money adoption, and cross-border interoperability are accelerating financial inclusion and powering new growth in trade. Another session will examine the role of cryptocurrencies and digital assets in shaping cross-border payments and opening up new models for financial access across Africa.

“APIs have become the backbone of digital commerce, enabling real-time settlement, embedded finance, and seamless cross-border transactions,” said Wole Ayodele, CEO of Fincra. “At Moonshot 2025, we are focusing on how these technologies can unlock growth and efficiency for businesses across Africa and beyond.”

Moonshot is a key platform for bringing together the people and ideas driving Africa’s digital economy,” said Tomi Oduyemi, Growth Lead of Cardtonic. “It creates the connections and insights that allow innovation to scale and deliver impact across the continent, and we are happy to play a major part this year.

Proudly supported by platinum sponsors Fincra, Raenest (www.Raenest.com), Flutterwave (https://Flutterwave.com/), Luno (www.Luno.com), Cardtonic (https://Cardtonic.com), Roqqu (https://Roqqu.com), Opay (www.Opayweb.com), Interswitch (https://Interswitchgroup.com/) and Busha (www.Busha.io), the two-day gathering is open to global and African VC investors, startup founders, top tech CEOs, policymakers, creatives, students, and support organisations driving Africa’s innovation economy.

 

With more than 120 speakers, nine signature content tracks, and over 4,000 expected participants, Moonshot 2025 builds on the success of last year’s edition, which convened more than 3,500 attendees from over 15 countries. Registration is still open at https://Moonshot.TechCabal.com/.

Distributed by APO Group on behalf of Big Cabal Media.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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