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US-Africa Municipal and Sub-Sovereign Investors Forum: Paving the Way for Sustainable African Development

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investment

Discussions revolved around unity, responsible investment, and leveraging Africa’s demographic dividend to accelerate economic growth

NEW YORK, United States of America, October 2, 2023/APO Group/ — 

In the margins of the United Nations General Assembly, UCLG Africa (http://www.UCLGA.org), the umbrella organization representing the voice of African subnational and local governments on the African continent, organized the very first US-Africa Municipal and Sub-Sovereign Investors Forum at the Wall Street Hotel in New York City. The Forum brought together around 100 participants representing the African Union institutions; the USA cooperation agencies; Black Caucus USA State legislators; Africa and USA Mayors and Leaders of subnational and local governments; Africa and USA Development Finance institutions; Africa and USA business community.  

The proceedings of the Forum were structured around three sequences: the official opening session; the session on market practices, collaboration and investment opportunities in Africa; and the session on investors response to the call to invest in Africa.

The opening session was moderated by Jean Pierre Elong Mbassi, Secretary General, UCLG Africa.

At the official opening ceremony of the Forum, Hon Eric Adams, Mayor of New York City, delivered an inspiring address, highlighting the timely significance of the Forum and the opportunity it offers to have a new look at the huge potential of Africa in terms of investment and business opportunities, particularly in her cities. He underscored the good momentum for organizing this Forum in New York City, USA, since African American Mayors are managing the bulk of major cities in the country, representing 1/3 of the USA GDP. The mayors of these cities shall therefore be at the forefront in mobilizing their business community, including the SMEs, to explore the possibility to develop their business through investment projects in Africa.  

Mayor Adams insisted that the Forum should be seen as a starting point for a new conversation on investment in African cities and was happy that UCLG Africa announced the holding of a second edition of the Forum to be held in the framework of the 10th edition of the Africities Summit scheduled in December 2025 in Cairo, Egypt, at which he would be happy to participate.

The opening session was also marked by the statements by the following speakers: Hon Laura Hall, President, National Black Caucus of State Legislators; Hon Shawyn Patterson-Howard, Mayor Mt Vernon, NY, President of African American mayors Association; Madam Nardos Bekele-Thomas – CEO, African Union Development Agency-NEPAD; Dr Julius Garvey, Board-Certified award-winning surgeon, medical professor and investor. Son to Marcus Garvey; Mohan Vivekanandan, Group Executive, Client Coverage, Development Bank of Southern Africa; Solomon Quaynor, Vice President, Private Sector, Infrastructure and Industrialization, African Development Bank.

Throughout the opening session, the speakers highlighted the need for strategic investments to unlock Africa’s untapped development potential. Discussions revolved around unity, responsible investment, and leveraging Africa’s demographic dividend to accelerate economic growth. Place-based investments were advocated for more impact on the people where they live.  Commitment to delivering on development promises and building hope through sustainable investments were recurrent themes.

The second session on market practice exchange, collaboration and Investment opportunities in Africa was moderated by Ambassador Seyni Nafo, Coordinator, Africa Adaptation Initiative (AAI).

Throughout the opening session, the speakers highlighted the need for strategic investments to unlock Africa’s untapped development potential

The session was introduced by a powerful statement by Hon. Rohey Malick Lowe, the Mayor of the City of Banjul in the Gambia, and also the President of the Network of Women Local elected officials of Africa (REFELA from its French acronym). Hon. Lowe put the spotlight on the necessity to invest on women economic empowerment and on opening up opportunities for the youth, through vocational education and investment in the digital transformation.

The discussion was organized around presentations by Yofi Grant, Chief Executive Officer, Ghana Investment Promotion Centre; Yves Millardet, Chairman of the Executive Board, Agence France Locale; Valerie White, Social Impact Investment and Equity Executive; Clayton Banks, Co-Founder & CEO of Silicon Harlem; Johanna LeBlanc – Partner, Adomi Advisory Group, PLLC; Dr. Edward Kofi Osei, chairman, national homeownership, Ghana.

Key messages included the importance to adopt a disruptive narrative on the perception of risk in doing business in Africa; to prioritize investing in technology, infrastructure, data collection and processing for a smart management of cities; to focus on women and youth empowerment; and to not hesitate to support ATIA, the special purpose vehicle aiming to facilitate access of African cities and territories to investment and the capital market.

The third session on investors’ response to the call for expression of interest to investing in Africa was moderated by Ms. Zienzi Dillon, CEO, Carmel Global Capital and former Head, Public Sector, Corporate and Investment Banking, Barclays Bank, South Africa.

The third session received communications by Ms. Agnes Dasewicz, Chief Operating Officer, International Development Finance Corporation (DFC); Mr. Mohammed Abbadi, Senior Investment Manager, Local Development Finance Practice, United Nations Capital Development Fund (UNCDF); Mr. Rene Awamberg, Directeur and Global Head and Client Relations, Afreximbank; Ms. Donna Sims Wilson, Chief Operating Officer, Kah Capital Management and former US National Association of Securities Professionals; Ms. Isabelle Lessedjina, Senior Vice President, TCX Fund; Mr. Craig Cogut, Pegasus Capital Advisors; Mr. David Ziyambi, Partner, Finance Department and Africa Practice, Latam & Watkins.

The response of the above investors was globally positive as all of them appreciated African cities as a new horizon for investment and business opportunities. A proposal was made to identify two or three cities in Africa in collaboration between the US Mayors and UCLG Africa to serve as a pilot to test the way to mobilize investors and partners to invest in African cities, including with the support of DFC. All of them supported the setting up of ATIA as an innovative mechanism that can assist in attracting funding for investment in African cities and subnational and local governments.  

Four points were retained as way forward:

  1. Institutionalize the US-Africa Municipal and Subnational Investors, the next edition of the Forum to be organized in December 2025 in Cairo, Egypt, in the framework of the 10th edition of the Africities Summit
  2. Sign the MoUs between UCLG Africa with the African American Mayors Association on the one hand, and with the National Black Caucus for State Legislators
  3. Mobilize US and Africa partners to participate in the establishment and operation of ATIA through financial and non-financial support
  4. Scale up the capacity building program targeting two objectives: (1) set up an observatory on local finance to have the needed financial data to back access to the capital market; (2) define a training program targeting African CFOs and professionals aiming at preparing African cities and subnational governments to transact on the capital market.

In concluding the proceedings of the Forum, the CEO of the African Union Development Agency-NEPAD expressed greetings to the delegates that spoke with their heart and insisted on the fact that it is time to move from commitments to action on the ground: “Let’s commit to work the talk and do it for ourselves”.

Distributed by APO Group on behalf of United Cities and Local Governments of Africa (UCLG Africa).

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

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Africa

This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

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

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Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

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Pesalink

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

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Events

Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

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Africa

Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

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