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Turk Eximbank Joins Africa Finance Corporation (AFC) as Inaugural non-African Shareholder

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Turk Eximbank

Turk Eximbank’s investment in AFC is its first in an African entity and aligns with Türkiye’s strategic vision of fostering resilient and sustainable growth in Africa, as outlined in the government’s Africa Partnership Policy

LAGOS, Nigeria, December 29, 2023/APO Group/ — 

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced an equity investment from Turk Eximbank on behalf of the Republic of Türkiye, marking a historic milestone in onboarding the Corporation’s first non-African sovereign shareholder.

The equity subscription from Türkiye’s official export credit agency advances AFC’s mission to be the bridge between Africa and global stakeholders wishing to play a key role in the continent’s development and prosperity.  Turk Eximbank’s investment in AFC is its first in an African entity and aligns with Türkiye’s strategic vision of fostering resilient and sustainable growth in Africa, as outlined in the government’s Africa Partnership Policy, underlining the relevance of AFC to deliver on these aspirations. AFC’s unique and proven business model of developing sustainable and impactful projects on the continent with the support of both African public and private sector capital makes it a reliable long-term partner for successfully expanding Türkiye’s considerable development agenda on the continent.

Through this partnership, we aim to continue building the infrastructure that will foster industrialization, value capture and retention in Africa as well as create quality jobs

Türkiye has been a steadfast ally in Africa’s development journey, evidenced by its position as a strategic partner of the African Union and its strong advocacy for Pan-Africanism. The country has played a crucial role in catalysing both public and private investment in growth-enhancing sectors across the continent. Today, Türkiye is one of the leading development and commercial partners for Africa, with trade increasing to US$40.7 billion in 2022, from US$5.4 billion in 2003.

Samaila Zubairu, President & CEO of AFC, commented: “We are delighted to welcome Turk Eximbank as the first non-regional sovereign shareholder of AFC. This investment not only validates our efforts in addressing Africa’s infrastructure challenges but also underscores Türkiye’s commitment to fostering south-south cooperation. As a testament to the increasing global interest in AFC’s mission, this prestigious endorsement from a non-African entity of such calibre amplifies our dedication to advancing Africa’s development. Through this partnership, we aim to continue building the infrastructure that will foster industrialization, value capture and retention in Africa as well as create quality jobs for Africa’s growing population. We eagerly anticipate further collaborations with Türkiye, a nation that demonstrates a profound dedication to supporting Africa’s growth and prosperity in multiple critical sectors.”

Ali Güney, CEO of Turk Eximbank, commented: “We take great pleasure in announcing our strategic partnership with Africa Finance Corporation. This noteworthy investment exemplifies our dedication to facilitating substantial collaborations that will provide crucial support to Turkish exporters and construction companies, thus catalysing sustainable economic growth and development within both regions, a collaboration that signifies a profound commitment to fostering synergies between Türkiye and Africa. We aim to contribute actively to the strategic initiatives of AFC and our commitment extends beyond mere participation, as we strive to fortify the economic bonds between Türkiye and the AFC member states, transcending geographical boundaries and nurturing a relationship that is harmonious, equitable, and mutually enriching.

The investment extends AFC’s already existing strong partnerships in Türkiye with leading engineering, procurement, and construction (EPC) firms for the financing and development of transformational infrastructure projects in Africa. These include the 300 MW Combined Cycle Gas (CCG) plant in Senegal, developed by Calik Enerji, and the development and construction of an 80MW peat-fired Independent Power Project (IPP) in Rwanda by Hakan Madencilik A.S. Most recently, AFC exited its 35% equity stake in Ghana’s Takoradi port to Türkiye’s Yilport Holdings, one of the world’s leading port operators. The Corporation is in ongoing discussions with the Foreign Economic Relations Board of Türkiye (DEİK) and the Turkish Contractors Association, further cementing its commitment to unlock new business opportunities and enhance bilateral trade and cooperation between Türkiye and Africa.

AFC is an A3 (Moody’s) rated investment-grade institution that has continued over the years to successfully raise funds across a diverse range of markets, including in the US, UK, UAE, Europe, Japan and South Korea. AFC has also received equity investments from major African sovereigns and pension funds, and enjoys the support of global multilaterals, commercial banks and other financial institutions, as attested by recent funding support from the US Development Finance Corporation (DFC), Germany’s DEG, France’s Proparco, the Netherland’s FMO, China Exim Bank, India Exim Bank, and the major international and African commercial banks. This international backing demonstrates global investor confidence in AFC’s strong credit profile and ability to deliver de-risked, transformational infrastructure projects that propel Africa to its rightful place on the global stage.

Distributed by APO Group on behalf of Africa Finance Corporation (AFC).

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

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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.

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

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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.

 

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

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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).

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