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Solevo, a leading African distributor of specialty chemicals sold by Helios to DPI-led consortium

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Solevo

Acquisition will support growth of critical specialty chemical inputs portfolio and accelerate geographic expansion

LONDON, United Kingdom, April 19, 2023/APO Group/ — 

Solevo is a leading specialty chemicals distribution platform operating across eight countries in West and Central Africa, delivering critical inputs to high GDP contributing sectors in life sciences and industrials; Africa is one of the fastest growing markets for chemicals globally, driven by secular trends towards urbanisation, industrialisation and a fast-growing, emerging middle class; Solevo is an ethical business with strong governance principles and has a successful history of establishing long-term partnerships; Helios Investment Partners exits following significant transformation of the company creating a pan African champion, driving the institutionalisation of the business, and positioning it for continued growth; DPI (https://www.DPI-llp.com) will accelerate Solevo’s expansion to scale into new geographies, with an expanding portfolio of specialty chemicals across key sectors.

Solevo Group (“Solevo”), a leading African distribution platform for specialty chemicals, today announced its acquisition by Development Partners International (“DPI”), an investment firm focused on Africa, alongside minority co-investors South Suez and European development finance institution, DEG. The group of investors, led by DPI, are acquiring 100% of the business from Africa-focused investment firm, Helios Investment Partners (“Helios”). All regulatory approvals for the transaction have been approved and the deal closed on 18 April 2023.

Helios, alongside global investor Temasek, acquired Solevo in 2017 through the corporate carveout of Louis Dreyfus Company’s (“LDC”) African Inputs business, a leading global commodities merchant. Underpinned by over 75 years of heritage and brand recognition in Africa, Solevo has established itself as a key enabler in the continent’s drive for agricultural self-sufficiency and the stimulation of local industry. With 23 distribution sites, a deep network across eight countries, and a team of market-leading experts, Solevo is recognised as a trusted distribution partner for customers across the continent. Since founding and under Helios’ ownership, the company has transformed into a leading distributor of specialty chemicals across the most important life sciences and industrial segments.

Solevo offers a unique one-stop-shop for a range of inputs and chemicals including agriculture, also providing support for over one million small holder farmers, helping them to secure their livelihoods through increased yields and greater crop security, resulting in improved food security and climate resilience across Africa. Other life sciences segments include food and beverages, home and personal care, and industrial segments such as water treatment, mining and energy, construction, and packaging: all critical areas responsible for driving Africa’s economic growth.

Africa’s specialty chemicals market is rapidly growing, driven by secular trends towards urbanisation, industrialisation, a fast-growing, emerging middle class, as well as rapid population growth. These trends are accelerating the demand for specialty chemical products in key life sciences and industrial sectors across the continent, reflected in the 5-15% year-on-year growth seen in Solevo’s key segments. Working with new partners, DPI, Solevo will focus on continuing to deliver on its ambitious growth strategies of product and market expansion, in addition to digitalising its supply-chains, to consolidate its position as Africa’s “partner of choice” and leading distributor of critical specialty chemical products.

We are excited to work with Joris and his experienced management team, to accelerate the business’ transformation, as it scales into new markets across the continent

Joris Coppye, Chief Executive Officer of Solevo said: “With Solevo firmly established as a leader in its markets, we are incredibly well placed for the next stage of our evolution: to become the go-to distributor of specialty chemicals in Africa, serving critical sectors across the life sciences and industrial segments. By accelerating our digitalisation efforts and focusing on reaching new markets, we will empower more businesses, farmers, and communities across the continent. The partnership with Helios has been highly successful and fruitful, with significant investments in people, operations, and processes. Solevo has benefited from Helios’ expertise in successfully executing large corporate carveouts and driving growth through commercial excellence. With the support of DPI, who bring a hands-on, partnership approach, entrepreneurial spirit, and deep market expertise, we have a unique opportunity to build on the achievements of the last five years under Helios’ ownership, broadening our ability to serve our customers and communities, and building the foundations for food-security across the African continent.”

Nimit Shah, Partner at Helios Investment Partners commented: “During our ownership, Helios is proud to have worked with Solevo to execute a value creation strategy that resulted in strong financial, social, and environmental performance. It consistently achieved double digit annual operating profit growth rates driven by revenue growth and margin expansion. The successful sale of Solevo underscores Helios’ investment strategy of acquiring and building market-leading, diversified platform companies operating in the core economic sectors of key African countries, with an emphasis on portfolio operations as a creator of value. We look forward to following Solevo’s continued success.”

Babacar Ka, Partner at Development Partners International said: “The delivery of specialty chemicals to SMEs and large businesses across Africa is a key component of unlocking the continent’s potential by supporting the growth of key life sciences and industrial sectors. Under Joris and his leadership teams’ effective stewardship, Solevo has firmly established itself as a pan-African distribution leader, championing companies and local industries across the continent, including local farming communities, equipping them with new technology and the hands-on support they need to scale their businesses. We are excited to work with Joris and his experienced management team, to accelerate the business’ transformation, as it scales into new markets across the continent.”

Helios was advised by Akin Gump as legal counsel, Rabobank and Rothschild acting as financial advisors and KPMG providing financial due diligence. DPI was advised by Norton Rose Fulbright as legal counsel, BNP Paribas as financial advisors, PWC acting as financial due diligence and DLA Piper providing legal due diligence advice.

Distributed by APO Group on behalf of Development Partners International (DPI).

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Afreximbank Announces Speakers for Africa’s Largest Compliance Forum

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Afreximbank

Bankers, compliance specialists and fintech leaders from more than 40 countries will explore how regulatory cooperation and technology can align compliance approaches, reduce barriers and advance intra-African and global trade

CAIRO, Egypt, November 3, 2026/APO Group/ –Afreximbank (www.Afreximbank.com) has announced speakers for its 2026 Compliance Forum, Africa’s largest compliance-focused gathering. Discussions will address regulatory fragmentation and barriers across Africa, improve access to correspondent banking services, and explore how technology can strengthen compliance and facilitate cross-border trade

 




  

Organised in partnership with the Botswana Investment and Trade Centre (BITC), the Forum will take place from 16 to 18 November 2026 at the Gaborone International Convention Centre in Botswana. Discussions will focus on strengthening regulatory cooperation, improving access to financial services and using technology to support effective compliance across African markets.

Confirmed speakers include Governor Lesego Caster Moseki, Bank of Botswana, Dr. Patrick Ndzana Olomo, Ag. Director, Economic Development, Integration and Trade, and Head of Economic Policy and Sustainable Development, African Union Commission (AUC), Luis Koberg, Founder and CEO of Klearium Group; Shane Ridel, CEO of Elucidate, Sophie Barre, Global Head of Risk and Compliance at Wave Mobile Money Group; Mr Mooketsi Ramanteba, Non-Bank Financial Institutions Regulatory Authority (NBFIRA), Nellie Nuyoni, Head of Private Sector, CBZ Holdings, Moira Mapundu, Head of Compliance, NMB Bank Limited and Boitumelo William of Continental Reinsurance. Compliance specialists from Dow Jones and Standard Chartered will also participate.

Mr Keletsositse Olebile, Chief Executive Officer of the Botswana Investment and Trade Centre, said: “Strong and predictable compliance systems build investor confidence, protect institutions, and create the conditions in which trade and enterprise can flourish.”

Under the theme “Better Compliance – Better Trade: Leveraging Compliance to Promote African Regulations that Advance Intra-African Economic and Trade Integration,” the Forum will examine how African markets can make their regulatory systems work more effectively together while preserving national sovereignty.

Idrissa Diop, Compliance Director at Afreximbank, said: “Our banks across Africa operate across very different legal systems, supervisory approaches and levels of digital maturity. Africa does not need uniformity at any cost. It needs interoperability that reduces friction while preserving regulatory sovereignty.

Our banks across Africa operate across very different legal systems, supervisory approaches and levels of digital maturity

“We invite regulators, compliance specialists, banks, fintechs, trade institutions and technology providers from across the continent to come to Gaborone ready to turn shared principles into practical cooperation, because better compliance can and should deliver better trade for Africa.”

The opening session, “Is Better Compliance Leading to Better Trade?”, will assess how regulatory cooperation can facilitate cross-border business. Other sessions will cover anti-money laundering and countering the financing of terrorism, sanctions, cybersecurity, consumer protection and the use of artificial intelligence in compliance.

Access to correspondent banking services will be a key focus. Luis Koberg, Founder and CEO of Klearium Group, said: “Many African banks continue to face barriers to accessing correspondent banking services. The reasons given often overlook a fundamental challenge: limited visibility across the payment chain. Improved transparency gives our industry the ability to accurately assess and manage risk, on a case-by-case basis with confidence.”

Delegates will also examine how fintech and risk-based onboarding can extend access to affordable financial services while meeting compliance requirements.

Sophie Barre, Global Head of Risk and Compliance at Wave Mobile Money Group, said: “Fintechs are rewriting the rules of financial inclusion and efficiency. By combining world-class technology with intelligent, risk-based onboarding, they can deliver affordable, simple and reliable services within a compliant ecosystem.”

The Compliance Forum will also feature an exhibition of AI-enabled anti-money laundering and counter-terrorist financing compliance systems. These demonstrations will let delegates engage with emerging technologies that can strengthen risk detection, monitoring, and reporting.

This Forum comes as artificial intelligence, automation, cybersecurity, third-party risk and diverging regulatory requirements place new demands on financial institutions. These developments reinforce the need for compliance approaches that reflect Africa’s regulatory, economic and institutional realities while drawing on global good practices.

ACF2026 will provide a platform for stakeholders to redefine compliance strategies for a changing financial environment and develop practical approaches that protect institutions while enabling more efficient movement of capital, goods and services across African borders.

For programme details and registration, visit ACF2026 (https://apo-opa.co/4iVtopG)

Distributed by APO Group on behalf of Afreximbank.

 




 

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Gas Exporting Countries Forum (GECF) Leadership Roundtable Brings Gas Producer Coordination to Paris

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Etu Energias

As African gas producers navigate rising domestic demand, global LNG competition and a renewed push for investment, the GECF Leadership Roundtable at the Invest in African Energy 2027 Forum will examine how greater coordination can support project development, market access and long-term gas monetization

PARIS, France, November 3, 2026/APO Group/ –Africa’s gas industry is entering a period in which cooperation between producing countries could become increasingly important. Demand is rising, LNG markets are being reshaped by geopolitical disruptions and new supply, while major gas developments across the continent continue to compete for capital.

 




  

Against this backdrop, the GECF Leadership Roundtable at the Invest in African Energy (IAE) Forum 2027 in Paris will bring the perspectives of gas-producing countries into a discussion focused on the commercial and strategic priorities shaping the sector.

The session comes as Africa continues to expand its role in global LNG markets. The GECF forecasts LNG exports from the continent to reach about 110 billion cubic meters (bcm), or 80 million tons per annum (mtpa), by 2030, rising to 215 bcm, or 160 mtpa, by 2050. The outlook spans producers including Algeria, Angola, Egypt, Equatorial Guinea, Mozambique, Mauritania, Senegal and Nigeria, while GECF projections point to growing LNG trade with Asia and within African markets.

Recent developments have reinforced the strategic value of that supply base. Tanzania’s long-delayed $42 billion LNG project has gained renewed attention as disruptions to Middle Eastern gas supplies have increased the value of diversified LNG sources, while ExxonMobil is advancing preparations for Mozambique’s Rovuma LNG project after years of delay.

For African producers, however, expanding exports is only one part of the equation. Domestic gas demand is rising at the same time that governments are seeking to use gas to improve electricity supply, support industrial development and create new revenue streams. That creates a need to balance export projects with domestic offtake, pipeline infrastructure, gas processing and gas-to-power development.

Coordination between producing countries can help address some of these challenges. Sharing experience on fiscal frameworks, project development, infrastructure and market access can help governments compete for investment while strengthening the case for regional gas infrastructure and cross-border trade.

The global market is also becoming more competitive. Reuters reported this month that gas and LNG infrastructure investment is expanding across multiple regions, with Asia accounting for the largest share of planned LNG import capacity. At the same time, disruptions to Middle Eastern supply have reinforced concerns around security of supply and increased the strategic importance of alternative producers. That creates an opening for African gas producers, but converting that opportunity into projects will require capital, infrastructure and credible long-term markets.

The GECF Leadership Roundtable at IAE 2027, taking place in Paris from May 11-13, will provide a senior-level setting to examine those issues alongside the investors and project developers needed to advance them. The wider forum is designed to connect African energy markets with global capital, with a focus on projects spanning gas, LNG, infrastructure and power.

For African gas producers, the question is how effectively its resources can be developed, connected to markets and converted into reliable energy and industrial growth. The Paris roundtable will put producer coordination at the center of that investment conversation.

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

 

 




 

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Islamic Corporation for the Development of the Private Sector (ICD) and Open Bank Sign Expression of Intent for a Potential USD 10 Million Line of Financing in Uzbekistan

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Islamic Corporation

The EoI sets out the intent to establish a Shariah-compliant LoF facility of up to USD 10 million from ICD to Open Bank to be deployed for the onward financing of eligible private sector projects, including small and medium-sized enterprises (SMEs) and corporates operating in the Republic of Uzbekistan

JEDDAH, Saudi Arabia, November 1, 2026/APO Group/ –

  • ICD and JSC Open Bank (Uzbekistan) have signed an Expression of Intent for a potential Shariah-compliant Line of Financing facility of up to USD 10 million
  • The facility aims to channel funds to eligible private sector projects, including SMEs and corporates across Uzbekistan
  • The potential Line of Financing facility intends to support job creation and SME growth, contributing to broader economic development in Uzbekistan
  • Open Bank, a privately owned digital bank licensed by the Central Bank of Uzbekistan, will serve as the intermediary institution to channel the funds to private enterprises

 




 
 

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector arm of the Islamic Development Bank (IsDB) Group, and Joint Stock Company “Open Bank” (Open Bank) from Uzbekistan have signed an Expression of Intent (EoI) in Jeddah, Saudi Arabia, on 26 October 2026, for a potential Shariah-compliant Line of Financing (LoF) facility of up to USD 10 million, aimed at supporting eligible private sector projects in the Republic of Uzbekistan.

The EoI sets out the intent to establish a Shariah-compliant LoF facility of up to USD 10 million from ICD to Open Bank to be deployed for the onward financing of eligible private sector projects, including small and medium-sized enterprises (SMEs) and corporates operating in the Republic of Uzbekistan. The facility is designed to ensure that financing reaches productive segments of the economy in a manner consistent with Shariah principles and in line with the development objectives of ICD and Uzbekistan.

The intended facility reflects ICD’s commitment to expanding access to Shariah-compliant financial services in Central Asia. By working through Open Bank, a digitally oriented institution with a focus on retail and SME customers, the proposed LoF aims to direct resources toward businesses that can generate meaningful employment opportunities and contribute to sustainable economic growth in Uzbekistan. SME support of this nature plays an important role in strengthening the private sector and broadening economic participation across the country.

ICD’s development mandate centers on advancing private sector growth and improving livelihoods in its member countries through Shariah-compliant financing solutions. The intended LoF with Open Bank aims to contribute to job creation and SME support in Uzbekistan, outcomes that align with ICD’s broader objective of fostering inclusive and sustainable economic development across the IsDB Group’s member countries.

Distributed by APO Group on behalf of Islamic Corporation for the Development of the Private Sector (ICD).

 




 

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