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Nuclear Power: A Clean, Green, Reliable Strategy for Africa -A Just Transition with an Energy Mix (By Cheikh Niane and NJ Ayuk)

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Nuclear Power

Nuclear power also creates minimal byproducts, which Africa is well suited to manage

JOHANNESBURG, South Africa, March 29, 2023/APO Group/ — 

By Cheikh Niane, Permanent Secretary for Energy, Secretary general of Ministry of Petroleum and Energies, Senegal and NJ Ayuk, Executive Chairman, African Energy Chamber (http://www.EnergyChamber.org).

Globally, 800 million people lack electricity – and 80% of them live in Africa. With the continent’s population expected to nearly double by 2050, our energy needs are only growing. Generating reliable electricity for 2.5 billion souls – in a safe, green, and sustainable manner – will prove no small feat.

Fortunately, one solution does meet those competing criteria: nuclear energy. No single power source is a panacea, but nuclear answers many of Africa’s energy needs. It’s a safe, reliable, long-term power source that is arguably more eco-friendly than the most advanced forms of wind and solar energy. Better yet, small modular reactors (SMRs) are addressing the issue of nuclear’s large startup costs. SMRs’ largest components can be built in-factory and shipped to site, which makes them significantly more affordable and scalable for developing nations. I’m encouraged to see Ghana pursuing this technology, and South Africa and Egypt operating and building traditional plants. I can only hope that other nations follow suit – nuclear remains a strong weapon against energy poverty.

Safe  

Pop culture has created myths about the dangers of nuclear energy. Even taking the Chernobyl, Russia explosion and Fukushima, Japan evacuations into account, nuclear remains ranked as the world’s second safest energy source. At .03 deaths (https://apo-opa.info/3M3IY2D) (per terawatt hour (the average power flow over 1012 hours), it’s nearly as safe as solar (.02 deaths per terawatt hour). Coal, on the other hand, sees 24 deaths per terawatt hour. Tellingly, the U.S. and France – the world’s largest producers of nuclear energy – have never seen a serious (https://apo-opa.info/3lOyucK) reactor accident. In short, responsible nations should ignore unscientific fearmongering and continue to work with the International Atomic Energy Agency (IAEA), which helps nations develop safe and compliant nuclear programs.  

Reliable

Nuclear easily holds the crown in terms of reliability – of all energy sources it has the highest capacity factor (https://apo-opa.info/3G0TWlB),  which means that nuclear plants produce at maximum capacity 92% of the time. Contrast this with wind and solar, which operate at full capacity 35% and 25% of the time, respectively. Unlike nuclear fission, these renewables produce at the mercy of weather. Nuclear plants also require less frequent maintenance, so they operate for longer and more consistent stretches.

This matters because we need reliable tools to combat energy poverty. We can’t ask the 900 million Africans who use dirty or hazardous cooking fuel to place their sole trust in wind or solar – a grid that operates 25-35% of the time does not constitute a significant step forward. Renewables do have a place in Africa’s future – but our current strategy needs to incorporate more tried and true methods.

Green

Last July, the European Union began to acknowledge nuclear power as a sustainable energy source. Cynics attribute this new label solely to rising oil prices, but nuclear’s green benefits have always been clear: It’s a zero emission, long term, plentiful source that demands little land and generates negligible amounts of waste (The nuclear waste created by one American’s electricity use over 70 years would fit into a soda can.) And despite the enthusiasm for renewables like solar and wind, nuclear power outstrips both in sustainability.

Many nations that could afford nuclear energy remain understandably wary of the 10 to 15 years required for constructing a traditional plant

By its very nature, nuclear power is eco-friendly: Reactors create energy by fission (the splitting of atoms) – so they emit virtually no greenhouse gasses or pollutants. The International Energy Agency estimates that nuclear energy enables the globe to avoid 1.5 gigatonnes (https://apo-opa.info/3JX6kEF) of emissions each year (the equivalent of what 200 million cars emit annually).

Nuclear facilities also use very little land. A 1,000-megawatt nuclear facility requires one square mile to operate – to generate the same amount of power, a solar photovoltaic plant would require 75 miles, and a wind farm 360 miles. In terms of land footprint, nuclear is literally over a hundred times more efficient than these much-touted renewables.

Nuclear power also creates minimal byproducts, which Africa is well suited to manage. Literally all of the nuclear waste generated by the U.S. in five decades could fit into a football field (https://apo-opa.info/40qbsbi) 10 yards deep. Future waste could be buried deep in the ground – a storage method suited to nations that already contain deep mining (https://apo-opa.info/40LBkhq) facilities, including South Africa.

It’s also worth noting that nuclear equipment simply lasts longer than that of renewables. A single reactor can operate for upwards of 70 years, partly because old components can be maintained and replaced. Contrast this with solar panels, which are designed to last 30 years at most. The used panels – and their toxic components like cadmium, arsenic, and chromium –  must then be disposed of, creating a never-ending waste management problem (https://apo-opa.info/3TPLKun).

Improved Technology

Of course, nuclear power has always suffered from a significant disadvantage: Its installation is expensive and requires considerable upfront investment. Many nations that could afford nuclear energy remain understandably wary of the 10 to 15 years required for constructing a traditional plant.  

However, new technology is already cutting that time in half – SMRs can be built in under five years, offering game-changing opportunities for Africa’s nuclear development. This significantly reduces startup costs, enables more flexible siting, and allows for incremental growth – nations can gradually add multiple SMRs as they expand their grid. These qualities all make nuclear much more accessible for nations with smaller budgets and scattered populations – and a few, including Ghana, have already taken notice.

Moving Forward

Ghana, which operates a research reactor and follows the IAEA “milestone approach” for adopting nuclear power, has ambitions to become a leader in SMR deployment. Its commitment has already attracted international investment – Japan and the U.S. are contributing feasibility studies, with plans (https://apo-opa.info/3JRg3Mt) to provide technical and regulatory assistance. The joint endeavor is partly enabled by the American program FIRST (https://apo-opa.info/3M1LKWa), which supports nuclear as a method of fighting climate change. It’s a reminder that the international community increasingly embraces nuclear as green – nations should open their eyes to these partnership opportunities.

It’s also worth noting the nations pursuing more conventional plants — South Africa currently operates a commercial nuclear plant, and Egypt has already begun construction on one with Rosatom, a Russian company that also installs SMRs.

Several other African states have strong potential to construct plants by 2030. Algeria, Morocco, and Nigeria also operate research reactors and have expressed interest in commissioning plants. Kenya and Sudan have worked with the IAEA and supplier countries such as Russia and China.

Countries like Ethiopia, Kenya, Niger, Rwanda,  Senegal, Uganda, Tanzania and Zambia are currently working with IAEA who is supporting them as Embarking Countries in Establishing National Infrastructure for Research Reactors program and this is progressing well considering the milestones approach of the IAEA.

We encourage these states to continue the good work, and for others to accelerate their talks with the IAEA. Even a single SMR can power an entire city (https://apo-opa.info/3M0kFTb) for decades, and scaling them will only grow easier. Nuclear remains a safe, clean, and reliable long-term investment – and our strongest weapon against our rising population’s demand for energy.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Afreximbank Posts Robust Q1 2026 Results with 25% Growth in Net Income and Improved Profitability

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Afreximbank

The results demonstrate continued resilience, disciplined balance sheet management and strong deal execution despite a challenging global operating environment

The growth in net interest income and profitability demonstrates the strength of our operating model and the continued relevance of our mandate

CAIRO, Egypt, May 22, 2026/APO Group/ –African Export-Import Bank (“Afreximbank” or the “Bank”) (www.Afreximbank.com) and its subsidiaries (the “Group”) announced its results for the three months ended 31 March 2026. The results demonstrate continued resilience, disciplined balance sheet management and strong deal execution despite a challenging global operating environment.

 

The Group continued to expand its lending activities in Q1 2026, resulting in total credit exposure growing by 2% to reach a portfolio of US$42 billion, up from US$41 billion as of 31 December 2025. This performance reflects Afreximbank’s leading role as a Development Finance Institution (DFI) in financing trade and trade-enabling infrastructure, and its strategic contribution to economic resilience across Africa and the Caribbean.

Average loans and advances for Q1 2026 stood at US$32 billion, up 8% compared to the same period in the prior year, driving the recorded growth in interest income. The Group’s liquidity position remained strong, with cash and cash equivalents of US$5.6 billion, representing 14% of total assets, consistent with FY2025 and above the Bank’s strategic minimum.

Asset quality also remained strong, with the non-performing loan (NPL) ratio at 2.40%, broadly in line with 2.43% at FY2025 and below industry average.

Shareholders’ funds increased to US$8.6 billion at 31 March 2026, up from US$8.4 billion at FY2025, supported by internally generated capital of US$268.9 million and new equity investments received during the quarter, underscoring the Bank’s continued ability to mobilise capital from its shareholders in support of its growth and development mandate.

The Group delivered strong profitability during the quarter.  Notwithstanding declining benchmark rates, total interest income rose by 14% year-on-year to reach US$813.6 million, while net interest income increased by 24% to US$510.0 million, compared with US$411.2 million in the first quarter of 2025. The Group’s cost-to-income ratio remained contained at 19%, well within the Group’s strategic ceiling of 30%. As a result, Profit for the period increased to US$268.9 million, up from US$215.4 million in Q1 2025.

The Group continued to maintain a strong capital position, with a capital adequacy ratio of 23% as at 31 March 2026, in line with the Bank’s long-term capital management targets.

During the quarter, Afreximbank continued to demonstrate its counter-cyclical role in response to external shocks. In March 2026, the Bank launched a US$10 billion Gulf Crisis Response Programme to help member countries mitigate adverse spillover effects from the Gulf crisis. The facility is designed to support liquidity, stabilise trade and payments, and address supply-side disruptions, particularly in energy, tourism and aviation, fertilisers, food and other critical imports.

The Bank also continued to deploy targeted financing and advisory support to strengthen trade flows, industrial capacity and economic resilience across Africa and CARICOM. Regional integration received further momentum following South Africa’s ratification of the Bank’s Establishment Agreement in February 2026, bringing one of Africa’s largest and most diversified economies into the Bank’s membership and giving the Bank full continental coverage.

Highlights of the results for Afreximbank Group are shown below:

Financial Performance Metrics

Q1’2026

Q1’2025

Gross Income (US$ million)

874.1

784.9

Net Income (US$ million)

268.9

215.4

Return on average equity (ROAE)

13%

12%

Return on average assets (ROAA)

2.62%

2.38%

Cost-to-income ratio

19%

16%

 

Financial Position Metrics

Q1’2026

FY’2025

Total Assets (US$ billion)

41.7

42.3

Total Liabilities (US$ billion)

33.0

33.9

Shareholders’ Funds (US$ billion)

8.6

8.4

Non-performing loans ratio (NPL)

2.40%

2.43%

Cash/Total assets

14%

14%

Capital Adequacy ratio (Basel II)

23%

          23%

 

Mr. Denys Denya, Afreximbank’s Senior Executive Vice President, commented:

“Against a backdrop of continued global uncertainty, heightened geopolitical risks and tight financial conditions, the Group delivered a resilient first-quarter performance, underpinned by disciplined balance sheet management, sound asset quality and strong capital and liquidity buffers. The growth in net interest income and profitability demonstrates the strength of our operating model and the continued relevance of our mandate. Our swift launch of the US$10 billion Gulf Crisis Response Programme further underscores Afreximbank’s counter-cyclical role in supporting member countries during periods of disruption. We remain focused on stabilising trade flows, easing liquidity pressures and advancing the industrial and economic transformation of Africa and the Caribbean.”

Distributed by APO Group on behalf of Afreximbank.

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Via Licensing Alliance Expands Voice Codec Program with New Licensee, New Licensors, Publishes Comprehensive Pool Rate Structure

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Via Licensing Alliance

SAN FRANCISCO, CALIFORNIA, UNITED STATES – Media OutReach Newswire – 22 May 2026 – Via Licensing Alliance (Via) today announced continued momentum for its Voice Codec patent pool, including the addition of a new unnamed licensee and new licensors, NovaVoice Limited and Cordial IP, further growing the program’s patent stack and market penetration from its initial five, large global licensors.

The addition of the new licensee, unnamed at this time, reflects growing industry adoption of the collaborative licensing pathway Via’s Voice Codec program creates for accessing IP rights to critical voice technologies. This addition reflects a growing market uptake of advanced voice technologies, including EVS and IVAS, driven by rising demand as 5G and 5G-Advanced technologies are adopted worldwide.

Additionally, Via continues to prioritize transparency and has published its full rate structure for the Voice Codec pool, providing further clarity and predictability for implementers and to the broader market. For implementers, the full rate structure allows for complete visibility as they consider the appropriate royalty structure to choose from to meet their product level costs, evaluate future growth paths for their product lines, or plan their geographical expansion plan needs. This level of disclosure not only reduces uncertainty in licensing decisions but also enables more consistent benchmarking, reinforcing confidence in fair, market-aligned SEP licensing practices. The program’s royalty rates are listed on Via’s website at https://www.via-la.com/licensing-programs/voice-codec/#license-fees.

The addition of the new licensors indicates increased interest from patent holders in licensing their voice technology SEPs through highly efficient, aggregated licensing vehicles such as patent pools. Future growth in both the licensor list and the number of patents consolidated through the pool license will continue to enhance the value of the Voice Codec License for implementers. Via’s Voice Codec program licensors are listed here: https://www.via-la.com/licensing-programs/voice-codec/#licensors.

Via’s Voice Codec pool covers Enhanced Voice Services (EVS), which supports voice communications across more than one billion and growing active devices globally, as well as Immersive Voice and Audio Services (IVAS), which will play a central role in next-generation voice and spatial audio applications.

“We are pleased to welcome these new entrants to our pool, which signal continued growth and momentum our Voice Codec program,” said Kevin Mack, President of Via Licensing Alliance. “This pool license offers strong value relative to other market options and represents the only collaborative licensing solution for EVS and IVAS technologies, making it a smart and efficient pathway for companies seeking to license critical voice capabilities.”

EVS remains a foundational technology for high-quality voice communications in 5G and 5G-Advanced networks, with adoption continuing to expand as 5G, 5G-Advanced and future network iterations reach global scale. As spatial audio and advanced voice technologies expand into 6G and a broader range of non-cellular devices, the importance of IVAS technologies is expected to increase, with Via’s pool offering an early and effective licensing pathway.

For more information about the Voice Codec patent pool, including information for prospective licensees, please visit https://www.via-la.com.

About Via Licensing Alliance:
Via Licensing Alliance is the collaborative licensing leader, dedicated to accelerating global technology adoption, fostering participation, and generating return on innovation with balanced licensing solutions for innovators and manufacturers of all sizes around the globe. Via has operated dozens of licensing programs for a variety of technologies. Via is an independently managed company owned by industry-leading participants with over 25 years of intellectual property licensing leadership. For more information about Via, please visit https://www.via-la.com.

 

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Joint statement welcoming the Republic of Togo’s announcement on Visa facilitation for African nationals

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Togo

The AfCFTA Secretariat and Afreximbank commend the Government and people of the Republic of Togo for hosting Biashara Afrika 2026 and for their continued commitment to advancing Africa’s economic integration agenda

LOMÉ, Togo, May 21, 2026/APO Group/ –The AfCFTA Secretariat and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcome the announcement by the Government of the Republic of Togo, under the leadership of H.E. Faure Essozimna Gnassingbé, President of the Council of the Republic of Togo, regarding measures to facilitate visa-free entry for all nationals of African States holding valid passports, as announced by the Minister of Security on 18 May 2026.

The announcement was made in Lomé on the sidelines of Biashara Afrika 2026, the continent’s premier trade and business platform, which has brought together policymakers, private sector leaders, investors, and stakeholders from across Africa to advance dialogue on intra-African trade, investment, and regional integration.

Throughout the engagements, participants underscored the importance of facilitating the movement of African citizens, entrepreneurs, and investors as an important enabler of intra-African trade and economic cooperation. Against this backdrop, the announcement reflects the growing continental momentum towards strengthening connectivity and deepening African integration.

The AfCFTA Secretariat and Afreximbank, to which Togo is a State Party and a Member State, envision a continent where goods, services, capital, and people move more freely across borders in support of an integrated African market. Measures that facilitate mobility and connectivity continue to contribute towards advancing the broader mandate of both institutions; the attainment of the aspirations of Agenda 2063.

The AfCFTA Secretariat and Afreximbank commend the Government and people of the Republic of Togo for hosting Biashara Afrika 2026 and for their continued commitment to advancing Africa’s economic integration agenda.

Distributed by APO Group on behalf of Afreximbank.

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