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West African Development Bank (BOAD) and International Finance Corporation (IFC) strengthen their strategic partnership

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Energy, agriculture, natural resources, and innovative financing at the heart of a high-level strategic dialogue

LOMÉ, Togo, April 2, 2026/APO Group/ –The West African Development Bank (BOAD) (www.BOAD.org) and the International Finance Corporation (IFC), a member of the World Bank Group, held a high-level working session today at BOAD’s headquarters in Lomé to further strengthen their partnership in support of transformative projects driving growth and job creation.

Under the leadership of Serge Ekué, President of BOAD, and Ethiopis Tafara, IFC Vice President for Africa, this meeting brought together the regional and sectoral management teams of both institutions around an ambitious agenda aimed at strengthening their cooperation in key sectors for regional development: energy, agriculture, natural resources, and innovative financing instruments.

For several years, BOAD and the IFC have maintained a strong partnership, evidenced by high-impact co-financing operations supporting private sector development across the subregion. This collaboration aligns with both institutions’ strategies to address key challenges facing the West African Economic and Monetary Union (WAEMU), including improving access to energy, ensuring sustainable natural resource management, and advancing agricultural transformation.

Today’s meeting marks a new milestone in strengthening this collaboration and paves the way for enhanced initiatives aimed at fostering inclusive and sustainable development.

Structured discussions around four priority areas

Agriculture and food security: The two institutions explored collaboration opportunities under the World Bank Group’s Global AgriConnect (GAP) initiative, as well as the feasibility of issuing WAEMU sustainable bonds backed by the cashew value chain—an innovative instrument for the region.

Energy and natural resources: Discussions focused on co-financing opportunities in renewable energy and gas projects, as well as sustainable water resource management.

Innovative financing: Teams assessed the feasibility of a cross-currency XOF–EUR financing mechanism, a novel initiative designed to expand the financing capacity of both institutions in the sub-region.

Affordable housing: Opportunities to support affordable housing financing for populations across WAEMU member countries were also explored.

Towards a concrete action plan

Following the meeting, the two institutions agreed on a concrete action plan outlining priority co-financing projects, the terms of BOAD’s participation in the GAP initiative, and a roadmap for developing envisaged innovative financial instruments.

This strategic dialogue reflects the shared vision of BOAD and IFC to further contribute to reducing poverty, creating jobs, and improving living conditions across WAEMU.

Distributed by APO Group on behalf of Banque Ouest Africaine de Développement (BOAD).

Business

Çelebi Aviation Enters Kenyan Market, Accelerating Strategic Growth Across Africa

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Çelebi Aviation

The expansion into Kenya signals confidence in the region’s aviation potential and supports the company’s ambition to deepen its presence across the continent

NAIROBI, Kenya, April 24, 2026/APO Group/ –Çelebi Aviation (www.CelebiAviation.com) has announced its entry into the Kenyan market, marking a key milestone in its expansion across Africa and reinforcing its focus on high-potential regions.

With more than 65 years of experience in ground handling and cargo services, the company continues to operate with a strong emphasis on transparency, ethical standards, and full regulatory compliance. Its global footprint spans Europe, Asia, and Africa, where it consistently delivers high standards of safety, operational excellence, and customer satisfaction.

The move aligns with a broader strategic recalibration. Following the conclusion of its concession agreement in Tanzania, Çelebi Aviation opted not to continue operations in the country under the existing structure after a comprehensive review. This decision reflects a disciplined, value-driven approach to growth and a clear focus on markets that offer sustainable, long-term opportunities.

The expansion into Kenya signals confidence in the region’s aviation potential and supports the company’s ambition to deepen its presence across the continent. Çelebi Aviation continues to prioritize markets where it can leverage its global expertise to drive efficiency, service quality, and long-term value creation.

Operations across all existing markets remain uninterrupted, backed by a strong operational infrastructure and an experienced workforce. The company also maintains its commitment to contributing to local economies and employment in every geography it serves.

As Çelebi Aviation advances its global growth strategy, this latest step further strengthens its position as a trusted aviation services partner across emerging and established markets alike.

Distributed by APO Group on behalf of Çelebi Aviation.

 

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Events

GREE Unveils 130 Products at the 139th Canton Fair, with Over 80% Featuring AI and Green Energy-Saving Technologies

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GREE

GUANGZHOU, CHINA – Media OutReach Newswire – 17 April 2026 – On April 15, the 139th China Import and Export Fair (hereinafter referred to as the “Canton Fair”) officially opened. As a leading enterprise in the manufacturing sector, Gree Electric made a grand appearance at Pavilion 4.2A under the theme “GREE, Making Better Electric Appliances,” presenting over a hundred innovative products in its largest exhibition area in Canton Fair history. Amid the global wave of green and intelligent manufacturing transformation, GREE is leveraging its hard-core independent innovation and full-industry-chain capabilities to show the world the confidence and resolve of China’s intelligent manufacturing to navigate industry cycles and lead the transformation.

Zhu Lei, CMO of Gree Electric, stated that Gree has participated in the Canton Fair for 31 consecutive years. This year, GREE brought 130 products to the event. Facing the global market, GREE strives to fully meet the practical needs of consumers from different regions worldwide. Notably, the majority of these products are originally manufactured in and exported from China, reflecting the dedication and ingenuity of GREE’s Chinese craftsmen.

It is reported that at this year’s Canton Fair, GREE has created a full-industry-chain exhibition space ranging from core components to scenario-based solutions. To date, buyers from over 50 countries and regions have scheduled visits and business negotiations, marking a 21% year-on-year increase.

Currently, the global home appliance industry is undergoing a dual transformation. On one hand, an energy efficiency revolution driven by the “Dual Carbon” goals makes the transition to eco-friendly refrigerants an urgent priority; on the other hand, an experience revolution spurred by consumption upgrades has made quietness, health, and smart features the core demands of users. GREE’s SilenzX series ultra-quiet air conditioners, showcased at the event, serve as a precise response to this trend. Equipped with a self-developed rotary four-cylinder compressor, the SilenzX series reduces the minimum sound pressure level of the outdoor unit to a mere 29 decibels—far below the industry average of 42 decibels. Backed by 137 invention patents, the product recently won a Gold Medal at the International Exhibition of Inventions Geneva, signaling that Chinese enterprises have shifted from being “followers” to “leaders” in the realm of comfort technology.

A deeper layer of competitiveness stems from GREE’s long-term bet on a green future. Among the products showcased at this Canton Fair, over 80% are equipped with AI, green energy-saving, and other advanced technologies. GREE has comprehensively implemented R290 eco-friendly refrigerant technology across its entire product matrix, including split units, window units, and water heaters. Furthermore, its world-first photovoltaic air conditioning system has achieved a systemic breakthrough of “zero carbon emissions, zero electricity bills, and zero waste.” The AI dynamic energy-saving technology also utilizes intelligent algorithm optimization to boost annual energy efficiency by 15.8% and reduce power consumption by 13.6%. Rather than isolated technological features, these represent comprehensive green solutions that cover the entire chain of energy production, transmission, and consumption, providing the industry with a leapfrog path from “low-carbon compliance” to “zero-carbon leadership.”

Behind this systemic innovation capability lies a full-industry-chain competitive moat forged through 35 years of independent R&D. At this Canton Fair, Gree introduced three major compressors—G-Boost, G-Storm, and G-Hyper—which have successfully overcome industry challenges such as ultra-high-temperature cooling and ultra-low-temperature heating. Its star product, the GMV 9 series, is capable of operating in an ultra-wide temperature range from -35°C to 60°C, marking GREE’s achievement of full-stack technological autonomy from core components to system integration.

This strategic resolve is yielding substantial returns in GREE’s global layout. As one of the first Chinese home appliance companies to venture overseas, GREE has built a network covering more than 190 countries and regions. Independent brands now account for 70% of its total export volume, and this figure exceeds 85% in Belt and Road countries. This marks a highly successful, high-quality transformation from a traditional OEM (Original Equipment Manufacturer) model to an independent brand-led enterprise.

From core technological breakthroughs to a green and low-carbon transition, GREE remains rooted in technology and centered on quality. Its presence at the Canton Fair serves as a vivid microcosm of the transformation and upgrading of China’s manufacturing sector, demonstrating the powerful potential and dynamic momentum of “Made in China.”

 

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Business

Sierra Leone Signs Offshore Petroleum License with Marginal Energy

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Sierra Leone

The deal marks a new step in positioning Sierra Leone as an emerging upstream destination with over $225 million in committed exploration investment

PARIS, France, April 23, 2026/APO Group/ –The Government of Sierra Leone has signed a new offshore petroleum license agreement with Nigerian-based independent energy company Marginal Energy, advancing efforts to attract upstream investment and unlock the country’s hydrocarbon potential.

 

The agreement was formalized on April 23 at the Invest in African Energy Forum in Paris, reinforcing Sierra Leone’s growing profile among frontier exploration markets.

Signed through the Petroleum Directorate of Sierra Leone (PDSL), the license grants Marginal Energy exclusive rights to explore, develop and produce hydrocarbons across five offshore blocks – G-Blocks 145, 146, 147, 160 and 161 – covering approximately 6,800 KM2.

The deal establishes a full-cycle upstream program, spanning exploration through to potential production, under a fiscal and regulatory framework designed to balance investor returns with national value creation.

According to details released by PDSL, the agreement includes a structured exploration period of up to seven years, alongside a minimum work program incorporating 3D seismic acquisition, advanced geoscience studies and drilling commitments. The company has committed to invest more than $225 million during the exploration phases.

In a statement released by PDSL, President Julius Maada Bio said the agreement reflects the government’s commitment to “responsibly harnessing Sierra Leone’s natural resources for sustainable economic transformation,” adding that partnerships with capable investors will help accelerate development of the country’s petroleum sector.

PDSL Director General Foday Mansaray described the deal as “an important step in unlocking Sierra Leone’s offshore potential,” emphasizing the country’s focus on transparency and competitiveness. The agreement also includes provisions for local content development, technology transfer and environmental management, aligning with Sierra Leone’s broader strategy to ensure long-term economic benefits from resource development.

For Marginal Energy, which brings over two decades of experience in the Niger Delta, the agreement represents an entry into a largely underexplored basin with significant upside potential. The company said it is committed to deploying its technical and financial capabilities to advance exploration while maintaining high standards of environmental and operational performance.

The signing comes as African governments continue to position their upstream sectors to attract capital amid shifting global energy dynamics. It also follows a reconnaissance permit agreement signed by PDSL with Shell at the forum a day earlier, enabling Shell to conduct advanced geological and geophysical surveys across multiple offshore blocks.

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

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