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President Oramah delivers 8th Goddy Jidenma biennial lecture

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afreximbank

AFREXIMBANK President, Benedict Oramah, says Africa’s economic progress depends on its response to unprecedented de-globalisation

Egalement disponible en Françaisتتوفر أيضا في العربية

LAGOS, Nigeria, February 26, 2024/APO Group/ — 

How Africa and the rest of the developing world manoeuvre the emerging challenges presented by the unprecedented de-globalisation of the world could potentially make or mar their economic progress in the years ahead, Prof. Benedict Oramah, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), said on Friday.

Delivering a lecture titled “The Trade Route to Poverty Reduction in Africa in a De-globalising World” at the Eighth Biennial Lecture of the Goddy Jidenma Foundation in Lagos, Prof. Oramah noted that the world economy had changed significantly in recent years and had become more fractured and fragmented while the core pillars that supported global growth and poverty reduction had almost been dismantled.

“Indeed, the world is de-globalising at an unprecedented pace, and the implications for developing countries could be dire,” he warned.

Prof. Oramah told guests that the African Continental Free Trade Agreement (AfCFTA) provided an opportunity for Africa to take its destiny into its own hands by opening regional supply chains that would foster economic growth and development.

Citing estimates by the World Bank, the President said that the AfCFTA would lift 30 million Africans out of extreme poverty and boost the incomes of nearly 68 million others who live on less than $5.50 a day; boost Africa’s income by seven per cent to $450 billion by 2035; increase Africa’s exports by $560 billion, mostly in manufacturing; spur a 10.5-per cent wage gain for women and 9.9-per cent for men; and boost wages for both skilled and unskilled workers.

Noting that 54 countries had signed the Agreement, and 47 had ratified it, he announced that Afreximbank and the AfCFTA Secretariat had established an AfCFTA Adjustment Fund to provide compensation to eligible countries for tariff revenue losses as a result of the implementation of the AfCFTA. The adjustment fund will also provide funding to countries and businesses to enable them to adjust in an orderly manner to the new trading regime.

Indeed, the world is de-globalising at an unprecedented pace, and the implications for developing countries could be dire

Prof. Oramah argued that to avoid falling victim to the discontent that negatively impacted globalisation, the AfCFTA needed to be complemented by free movement of Africans across the continent, with the right to work, adding that to address the impediment posed by lack of access to trade and investment information, Afreximbank was offering an artificial intelligence-enabled trade information platform under the brand name Tradar Intelligence. For the same reason, the Bank was collaborating with the African Union Commission (AUC), the AfCFTA Secretariat and others to host the biennial Intra-African Trade Fair whose first three editions held since 2018 attracted over 70,000 visitors, 4,000 exhibitors and about $120 billion.

Furthermore, as a solution to the 42 fragmented payment systems across Africa,  Afreximbank, in partnership with the AUC and the AfCFTA Secretariat, had launched the Pan-African Payment and Settlement System (PAPSS), which domesticates all intra-African trade payments. Afreximbank was supporting that system with a $3-billion settlement fund. By May 2024, an African currency trading platform would also be launched under the auspices of PAPSS.

“It is now becoming possible for a small farmer in Malawi to use his cell phone to purchase a Nollywood streaming movie and to pay in the Malawian Kwacha while the seller in Nigeria receives Naira,” said Prof. Oramah. “We are nearing the stage when an Egyptian can buy shares on the Nigerian Stock Exchange, paying in Egyptian Pounds.”

It was also necessary to aggressively fill the intra-African trade financing gap, estimated at over $50 billion annually, he added, saying that Afreximbank’s Intra-African Trade Division disbursed over $40 billion since 2016, with about $11 billion outstanding, accounting for about 28 per cent of the Bank’s loan portfolio. 

Other interventions by Afreximbank include the launch of an African Collaborative Transit Guarantee Scheme that makes it possible to use one transit bond to cross multiple borders, thereby addressing the challenges faced by the continent’s 16 landlocked countries; support for harmonisation of trade standards through the African Regional Standards Organisation (ARSO), which has seen about 155 standards harmonised, as well as the establishment of the Africa Quality Assurance Centre (AQAC), an indirect subsidiary of the Bank, which was developing testing, inspection, and certification centres in countries where quality infrastructure was weak.

The Bank was also supporting the emergence of export trading companies (ETCs) across Africa to act as aggregators in order to create a sizeable volume of trade to attract greater value and withstand competition, he said. Since SMEs in Africa and other developing regions that participate directly in global trade must compete with multinationals and significantly large corporates, they are left with marginal, if not zero, chances of success or survival, he explained.

The biennial Goddy Jidenma Lecture is held to honour the memory of Goddy Jidenma, a leading Nigerian architect who died in 2006. 

Previous speakers have included Prof. Ali Mazrui, an internationally celebrated African political scientist, Prof. Elaigwu, President of the Institute of Governance and Social Research, Jos, Nigeria, Prof. Pat Utomi, Founder and CEO of the Center for Values in Leadership, Prof. Kingsley Moghalu, a former Nigerian presidential candidate, Prof. P.L.O. Lumumba, a notable Pan-Africanist, and Prof. Attahiru Jega, a former Chairman of Nigeria’s Independent National Electoral Commission.

Distributed by APO Group on behalf of Afreximbank.

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African Energy Chamber (AEC) Supports Perenco Partnership to Advance Industry 4.0 Skills in Central Africa

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African Energy Chamber

The African Energy Chamber welcomes Perenco Cameroon and Perenco Gabon’s partnership with UCAC-ICAM to launch an Industry 4.0 lab, advancing local skills development and strengthening Africa’s industrial future

JOHANNESBURG, South Africa, April 9, 2026/APO Group/ –A new partnership between Perenco Cameroon, Perenco Gabon and the UCAC-ICAM Institute in Douala to establish an Industry 4.0 laboratory marks a significant step toward aligning academic training with the evolving needs of the energy and industrial sectors. The facility will give students access to advanced automation, digital simulation and smart production technologies, helping close the gap between academic learning and the practical, industry-ready skills required across Central Africa’s industrial landscape.

 

As the voice of Africa’s energy sector, the African Energy Chamber (AEC) welcomes the initiative as a scalable model for local content development. By equipping students with Industry 4.0 capabilities, the laboratory directly supports the Chamber’s mandate to ensure greater in-country value creation and workforce participation across Africa’s energy value chain. The initiative also addresses critical skills shortages, enabling operators to increasingly rely on locally trained talent.

 

Developing local skills is fundamental to building a competitive and sustainable energy sector in Africa

The partnership underscores Perenco’s long-term commitment to sustainable development and capacity building in Cameroon and Gabon. Designed as a mini-factory, the UCAC-ICAM laboratory enables students to engage with real-world industrial tools and processes. This hands-on approach will support the development of engineers and technicians capable of contributing to key projects, including operations in the Rio del Rey Basin and infrastructure developments such as the Cap Lopez LNG terminal in Gabon.

 

Students across multiple disciplines will benefit from hands-on exposure to the lab’s advanced technologies. General Engineering students will train using robotic systems and virtual reality simulations, while Computer Science Engineering students will focus on industrial IoT and smart technologies. Process Engineering students will gain experience in automated production systems, and Petroleum program students will develop expertise in energy systems and instrumentation control. Graduates from UCAC-ICAM are being actively recruited by leading companies operating in Douala, reflecting growing demand for locally trained, industry-ready talent.

“Developing local skills is fundamental to building a competitive and sustainable energy sector in Africa,” says NJ Ayuk, Executive Chairman of the AEC. “This partnership demonstrates how industry and academia can work together to create a highly skilled workforce that will drive Africa’s industrialization and energy future. It is exactly the type of initiative needed to ensure Africans play a leading role in developing the continent’s resources.”

The UCAC-ICAM laboratory represents a strategic investment in Africa’s industrial and energy future. By strengthening local capacity, advancing technology adoption and supporting independent operators, the initiative aligns with the AEC’s broader vision of a self-sufficient and globally competitive African energy sector.

Distributed by APO Group on behalf of African Energy Chamber.

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Securing the bridge between legacy and smart

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DLMS

STS Association and DLMS User Association sign landmark Liaison Agreement to advance interoperable, secure and future-ready metering systems

CAPE TOWN, South Africa, April 9, 2026/APO Group/ –The recent Liaison Agreement between the STS Association and the DLMS User Association marks a pivotal step in the evolution of interoperable, secure and future-ready metering systems. By aligning STS token technology with the widely adopted DLMS/COSEM framework, this collaboration is set to bridge the gap between legacy infrastructure and next-generation smart metering. The partnership reflects a shared vision to enhance interoperability, strengthen smart prepayment integration, and unlock greater value across the global metering ecosystem.

 

STS Association, in partnership with ESI Africa (part of VUKA Group), and DLMS User Association, is hosting a free webinar on this topic:

Securing the bridge between legacy and smart

Thursday, 7 May 2026 | 11:00 AM – 12:00 PM

Register: https://apo-opa.co/4cfEUb5

What you will learn

Industry experts will unpack how this strategic alignment enables seamless integration between your trusted prepayment systems and advanced data exchange protocols. Attendees will gain insight into:

  • How STS tokens can be securely transported using DLMS/COSEM
  • The role of Generic Companion Profiles in enabling interoperability
  • How coordinated roadmaps will shape the future of token technology and smart metering
  • The expanding application of these standards beyond electricity into water, gas and time metering
  • Practical benefits for utilities, manufacturers and system integrators navigating the transition from legacy to smart environments

Introducing the Panel

Lance Hawkins-Dady – STSA Board Chairman

Franco Pucci – STSA Technical Consultant

Don Taylor – STSA Independent Director

Sergio Lazzarotto – DLMS User Association, President

Join STS Association and ESI Africa to explore how this landmark collaboration is securing the bridge between legacy systems and smart innovation. Discover how aligned standards can simplify integration, enhance security and future-proof your metering strategy.

Register now: https://apo-opa.co/4cfEUb5

Distributed by APO Group on behalf of VUKA Group.

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Africa’s Lithium Pipeline Gains Momentum as Global Supply Deficits Loom

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Energy Capital

The upcoming African Mining Week 2026 – taking place from October 14-16 in Cape Town – will connect global investors with prospects within the lithium industry amidst an anticipated resource supply deficit by 2028

CAPE TOWN, South Africa, April 9, 2026/APO Group/ –Rising demand for lithium is positioning Africa to attract foreign investment, accelerate local beneficiation and strengthen its role in securing the global battery supply chain. A recent forecast by Wood Mackenzie projects that global lithium demand could exceed 13 million tons by 2050 under an accelerated energy transition scenario. This surge is expected to place significant pressure on supply, with deficits emerging as early as 2028. Without substantial new investments, existing lithium projects will struggle to meet demand beyond the mid-2030s.

 

Against this backdrop, Africa’s growing pipeline of greenfield and development-stage lithium projects positions the continent as an increasingly important contributor to global supply security. In 2025, Africa ranked as the largest source of new lithium supply globally, with new output from the region exceeding that of the rest of the world combined. This milestone underscores the continent’s potential to scale production and strengthen its role in the global battery minerals market.

Emerging Lithium Producers Strengthen Africa’s Supply Pipeline

Even under a slower energy transition scenario, Wood Mackenzie projects that lithium markets will remain adequately supplied until 2037, before entering deficit. This outlook reinforces Africa’s strategic role as new projects across Mali, Zimbabwe, Ghana and Namibia advance toward production.

In the Democratic Republic of the Congo (DRC), Zijin Mining, AVZ Minerals and KoBold Metals are expected to begin operations at the Manono lithium project in mid-to-late 2026, marking the country’s first lithium output. Ranked among the world’s largest hard-rock lithium deposits, Manono is expected to begin exports shortly after commissioning, diversifying DRC’s mineral output while strengthening the continent`s contribution to the global electric vehicles and battery supply chain.

Mali Emerges as a Regional Lithium Hub

Mali is also rapidly positioning itself as a key lithium producer. The Bougouni Lithium Project, commissioned in 2025, currently produces approximately 125,000 tons per annum of concentrate, with Phase Two expansion plans underway that could nearly double production capacity.

Meanwhile, the Goulamina Lithium Project, one of the largest spodumene deposits globally, is producing around 506,000 tons of spodumene concentrate annually, with expansion plans targeting one million tons per year. Together, these projects are expected to significantly strengthen Mali and Africa’s position within the global lithium market.

Ghana and Zimbabwe Expand Lithium Production and Value Addition

In Ghana, the Ewoyaa Lithium Project, developed by Atlantic Lithium, is set to become the country’s first lithium-producing mine, with production targeted for late 2027. The project is expected to produce 3.58 million tons of spodumene concentrate grading 6% and 5.5%, alongside approximately 4.7 million tons of secondary product, further strengthening Africa’s contribution to global lithium supply.

Meanwhile, Zimbabwe – currently Africa’s largest lithium producer – is accelerating efforts to move up the value chain. Government policies restricting the export of raw lithium are encouraging investment in local processing and beneficiation facilities, supporting the production of higher-value lithium products and positioning the country as a key supplier to the global battery materials market.

Investment Momentum Builds Ahead of African Mining Week

With an estimated $276 billion in new investment required to avoid the forecast supply deficits beginning in 2028, Africa’s lithium-rich countries are well positioned to attract the capital needed to expand production and downstream processing.

In this context, African Mining Week 2026 – scheduled for October 14–16 in Cape Town – will serve as a key platform for global investors, project developers and policymakers to engage on opportunities within Africa’s lithium sector. As the continent’s premier mining investment event, the conference will feature high-level discussions, project showcases and strategic networking sessions aimed at accelerating partnerships across the lithium value chain.

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

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