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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).

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Nigeria and Senegal Must Follow Ghana and Mozambique Against Exclusionary Practices

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African Energy Chamber

African private sector leaders call for withdrawal from Frontier Energy events that marginalize local talent, championing inclusion, fair contracting and the Alliance model of partnership

JOHANNESBURG, South Africa, April 10, 2026/APO Group/ –The African private sector is raising the alarm over Frontier Energy Network’s policies that systematically exclude African professionals and service providers from meaningful roles in major energy forums. Such exclusionary practices threaten decades of progress in African energy development, including local capacity building, knowledge transfer and economic participation.

Frontier’s approach, framed as a global platform for Africa, is in practice a system that extracts value from the continent while denying Africans the opportunities to lead, participate and benefit. Marginalizing the very people who build, operate and sustain energy projects is not partnership – it is structural exclusion masquerading as opportunity.

African businesses – particularly in Nigeria and Senegal, which drive regional growth – must reassess their participation in platforms that perpetuate these policies. African capital, sponsorship and attendance cannot continue to legitimize forums where local stakeholders are systematically sidelined. Market access must be earned and mutually respected.

Mozambique and Ghana have already set a precedent. In March 2026, Mozambique’s oil and gas industry withdrew from the Africa Energies Summit in London, citing repeated failures by the organizers to improve diversity, transparency and inclusion of Black professionals in leadership, contracting and deal-making roles. In early April 2026, the Ghana Energy Chamber followed suit, formally pulling out of the same summit over discriminatory hiring practices that sidelined African professionals, executives and service providers. These coordinated actions send a clear message: Africa will no longer support platforms that deny its talent the right to lead, contribute and benefit.

Africa will no longer sit quietly while its talent is excluded from opportunities on its own continent

The gold standard for companies to thrive in Africa is robust collaboration with international partners while building local capacity – exemplified by Senegal-based energy services company Alliance Energy. Alliance has advanced African expertise in the sector, notably supporting the launch of the National Institute for Petroleum and Gas in Senegal to train young professionals for leadership roles, while backing diverse energy initiatives across power, solar, gas and wind that strengthen Senegal’s position as a regional energy hub.

This success demonstrates that African companies flourish when local talent, leadership, contracting and workforce development are central to execution, alongside strategic partnerships with the US, UK and Europe. Any entity attempting to operate in Africa without a commitment to hiring or contracting local professionals threatens not only the ecosystem that nurtured companies like Alliance Energy but also the continent’s broader ambition to grow regional capability, ownership and sustainable energy development.

“The message is simple,” says Dr. Ndjuga Dieng, Managing Director of Alliance Energy. “Africa will no longer sit quietly while its talent is excluded from opportunities on its own continent. Nigeria, Senegal and all African nations must follow the lead of Ghana and Mozambique by standing against platforms that discriminate. Protect your people, your companies and your energy future. Inclusion is not optional – it is the foundation of growth.”

African energy markets have historically thrived on collaboration, both within the continent and with international partners. Events such as the Offshore Technology Conference (OTC) and the Invest in African Energy (IAE) Forum exemplify this model, integrating African executives, policymakers and service providers into core programming, deal-making and knowledge transfer.

African stakeholders must prioritize platforms that respect local content, equitable hiring and fair contracting. Strategic withdrawal from exclusionary events is not isolationism – it is a stand for principle, economic logic, and the future of Africa’s energy sector. The continent defines its own trajectory and will engage only with partners that recognize African talent as integral, not optional, to the industry’s future.

The position advanced by Alliance Energy aligns with broader advocacy across the continent, including that of the African Energy Chamber, which has consistently called for stronger local content policies, fair contracting practices and greater inclusion of African professionals across the energy value chain. This alignment underscores a growing consensus among African private sector leaders that sustainable industry growth depends on meaningful participation by local companies and talent, not their exclusion.

Distributed by APO Group on behalf of African Energy Chamber.

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Sheraton Nouakchott marks the entry of Marriott International in Mauritania

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Nouakchott

As Mauritania’s cultural and economic heart, Nouakchott offers visitors a glimpse into the serene beauty and rich heritage that define this remarkable Northwest African nation

We are proud to have brought Marriott International to Mauritania with the opening of Sheraton Nouakchott, the first internationally operated and branded hotel in the country

NOUAKCHOTT, Mauritania, April 10, 2026/APO Group/ –Sheraton Hotels & Resorts, part of Marriott Bonvoy’s (www.Marriott.com) portfolio of more than 30 hotel brands, recently celebrated the opening of Sheraton Nouakchott Hotel (https://apo-opa.co/4t3YGO4), marking the entry of Marriott International into a new territory, Mauritania. Since opening its doors, Sheraton Nouakchott has, positioned itself as a new hub for business, events and leisure in the Mauritanian capital.

 

Nouakchott, the capital of Mauritania, is a coastal city where tradition and modernity meet. Nestled between the vast Sahara and the Atlantic Ocean, it serves as a gateway to the country’s breathtaking natural landscapes, from golden dunes and tranquil oases to rugged coastlines and untouched desert plains. As Mauritania’s cultural and economic heart, Nouakchott offers visitors a glimpse into the serene beauty and rich heritage that define this remarkable Northwest African nation.

Ideally located near iconic landmarks such as the Marché Capitale and the National Museum of Mauritania, as well as Nouakchott’s beaches and fishing port — and just a short distance from the desert — Sheraton Nouakchott offers an ideal base from which to discover the destination.

“We are proud to have brought Marriott International to Mauritania with the opening of Sheraton Nouakchott, the first internationally operated and branded hotel in the country. Since welcoming our first guests, the hotel has quickly established itself as a destination for both travellers and the local community. This milestone underscores our commitment to delivering exceptional hospitality experiences in emerging markets, while celebrating the culture and character of each destination,” said Sandra Schulze‑Potgieter, Vice President, Premium, Select & Midscale Brands, Europe, Middle East & Africa, Marriott International.

Local design inspiration

Traditional crafts, from wood carving to metalwork, are woven throughout the hotel’s materials and furnishings, creating spaces that feel both rooted and refined. Every detail tells a story of local artistry, heritage and place, offering guests an immersive experience inspired by Mauritania’s cultural and natural beauty.

Inspired by the legendary landmarks along the Trans‑Saharan trade route, the hotel’s design blends regional heritage with contemporary elegance. The circular ceiling of Feast restaurant draws inspiration from the Richat Structure, also known as the Eye of Africa. Earthy tones and organic materials reference the dramatic landscapes of the Adrar Mountains, while patterns inspired by Chinguetti and Oualata are reinterpreted throughout guest rooms, public spaces and Bene restaurant.

Meeting spaces echo the stone architecture of Tichitt, one of West Africa’s oldest towns and a historic caravan hub.

Guest rooms and suites with local charm

Sheraton Nouakchott features 200 spacious guest rooms and suites, including two Presidential Suites, combining contemporary comfort with subtle local touches. All rooms are equipped with the latest technology and Sheraton signature amenities, including the iconic Sheraton Sleep Experience.

The Sheraton Club offers Marriott Bonvoy Elite members and Club guests an elevated, all‑day experience, with curated food and beverage offerings, premium amenities, enhanced connectivity and a private environment designed for both productivity and relaxation.

Local flavours meet international influence

The hotel features two restaurants, a Lobby Bar and a Pool Bar. Feast, the all‑day dining restaurant, serves locally inspired and international dishes made with seasonal ingredients. Bene offers an immersive Italian dining experience in a warm, inviting setting. The Lobby Bar provides a relaxed meeting point from morning coffee to evening gatherings, while the Pool Bar offers refreshing drinks and light bites by the outdoor pool.

 

Facilities offering a resort feel in the heart of the city

Despite its central urban location, Sheraton Nouakchott delivers a resort‑like atmosphere, centred around an expansive outdoor pool. Guests can maintain their fitness routines in the fully equipped fitness centre — featuring separate floors for women and men, hammam and sauna — or enjoy the outdoor tennis court. The Sheraton Spa features three treatment rooms, offering a peaceful retreat after a day of exploration or meetings.

Meetings & events curated to perfection

Sheraton Nouakchott offers more than 2,600 square metres of flexible Meetings & Events space, including a Grand Ballroom, a Ballroom and four additional meeting rooms. A signature Sheraton Community Table sits at the heart of the hotel, providing a welcoming space for informal meetings, remote work and collaboration. A dedicated events team ensures seamless delivery from concept to execution.

Gatherings by Sheraton

In line with Sheraton’s global community‑centred approach, Sheraton Nouakchott hosts Gatherings by Sheraton, curated weekly experiences designed around enrichment, renewal and local stories. Guests and locals can take part in Mauritanian mixology sessions using local mint tea and fruits, or storytelling evenings inspired by Saharan traditions.

Distributed by APO Group on behalf of Marriott International, Inc..

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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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