Connect with us
Anglostratits

Business

Scottish Africa Business Association and Egyptian British Chamber of Commerce Sign MOU

Published

on

Scottish

A Scottish trade mission to Egypt is also planned for 2026, offering Scottish businesses a unique opportunity to explore this dynamic and rapidly expanding market

ABERDEEN, Scotland, May 15, 2025/APO Group/ –The Scottish Africa Business Association (SABA) (www.AfricaScot.com/) is delighted to announce the signing of a Memorandum of Understanding (MOU) with the Egyptian British Chamber of Commerce (EBCC) at the All-Energy Conference 2025, marking the start of an exciting partnership to strengthen trade and investment ties between Scotland and Egypt.

The agreement will see SABA and the EBCC work closely together over the coming year to deliver a range of activities, including bringing Egyptian business delegations to Scotland, hosting joint webinars and collaborating during SABA’s flagship Scotland London Africa Week. A Scottish trade mission to Egypt is also planned for 2026, offering Scottish businesses a unique opportunity to explore this dynamic and rapidly expanding market.

Egypt is one of Africa’s most important and influential economies, with significant opportunities for Scottish companies, particularly in the hydrogen, energy, maritime and education & skills training sectors. The Egyptian government has set ambitious targets to become a regional leader in green hydrogen production and decarbonisation, creating strong demand for Scottish expertise in renewable energy technologies, engineering and innovation.

We also look forward to taking a Scottish trade mission to Egypt next year to help our members build long-lasting partnerships on the ground

In the energy sector, Egypt is investing heavily in both traditional and renewable power, including offshore wind and solar projects — areas where Scotland has global leadership. As a critical maritime hub connecting Europe, Africa and Asia via the Suez Canal, Egypt offers vast opportunities for Scottish companies in shipbuilding, port development, marine engineering and logistics. Additionally, Egypt’s focus on upskilling its young workforce aligns closely with Scottish strengths in higher education, vocational training and capacity building.

Seona Shand, Chief Operating Officer at SABA, commented: “We are delighted to formalise this partnership with the Egyptian British Chamber of Commerce, which will open up exciting opportunities for Scottish businesses in one of Africa’s most dynamic and strategic markets. Egypt is a key player on the continent, particularly in sectors where Scotland has world-leading expertise — hydrogen, renewable and traditional energy, maritime and education and skills training.

With Egypt’s ambitious plans for green hydrogen and decarbonisation, there’s huge potential for collaboration with Scottish innovators and technology providers. The country’s rapidly expanding energy sector, including major offshore and renewables projects, aligns perfectly with Scotland’s capabilities. Egypt’s role as a maritime hub through the Suez Canal creates opportunities for knowledge exchange in shipbuilding, port infrastructure and maritime services. And with a young, ambitious population, there is growing demand for education, vocational training and upskilling, where Scottish colleges, universities and training providers can play a crucial role.

We’re excited to welcome Egyptian delegations to Scotland, to deliver joint webinars and to welcome the Chamber’s involvement in our flagship Scotland London Africa Week. We also look forward to taking a Scottish trade mission to Egypt next year to help our members build long-lasting partnerships on the ground.”

Mark Lawrence, Chief Executive at the Egyptian British Chamber of Commerce, added: “This MOU marks the beginning of a promising collaboration between our two organisations. We see significant potential to connect Egyptian and Scottish businesses, share expertise and develop mutually beneficial partnerships across key sectors. We look forward to working closely with SABA to deliver impactful activities over the coming months.”

The MOU signing reflects SABA’s continued commitment to expanding opportunities for its members across key African markets and to building meaningful, sustainable partnerships that drive trade, investment and shared growth.

Distributed by APO Group on behalf of Scottish Africa Business Association (SABA)

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

Published

on

Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

Continue Reading

Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

Published

on

CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

Continue Reading

Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

Published

on

ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

Continue Reading

Trending