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The Financial Sector Conduct Authority (FSCA) has published the findings of a thematic review conducted across the banking sector, providing key insights into the alignment of banks’ complaints management processes with regulatory requirements. This follows the FSCA’s ongoing supervisory efforts to improve industry practices and promote the fair treatment of financial customers. To this end, …
December may be South Africa’s traditional month for 13th cheques, but March brings another wave of bonus payouts, creating income spikes that influence savings, debt repayments, investments, and travel – especially among high-income earners. Salary data from Standard Bank shows significant lump sum payouts in March, particularly among customers earning over R4 million a year, …
African countries rich in minerals are accelerating the digitalization of their mining licensing processes to attract investment and maximize resource exploitation for economic growth. As part of this push, Zambia launched its Zambia Integrated Mining Information System last month, aiming to streamline the awarding of licenses. The digital platform is set to play a key role in attracting mining partners and help the country reach its goal of increasing copper production to 3.1 million metric tons by 2031. This launch follows a record-breaking $9.3 billion in mining investments in 2024 and a 79% increase in permits granted, reflecting growing global interest in Zambia's mining potential.
As African markets increasingly adopt digital solutions to simplify licensing procedures, African Mining Week will be at the forefront of this transformation, showcasing the vast potential of the continent's digitalized mining sector. The event will highlight lucrative investment opportunities across various markets, featuring numerous mining blocks being licensed by African nations.
South Africa, historically a major gold producer, plans to leverage its first digital mining licensing system to attract new investors and diversify its mining sector. Set for launch by June 2025, the system will improve the efficiency and transparency of the licensing process, reducing the time required to initiate new mining projects, including those for platinum group metals, according to Gwede Mantashe, South African Minister of Mineral Resources and Petroleum.
Tanzania is also streamlining its mining sector with a new licensing management system designed to maximize investments in lithium, graphite and rare earth minerals – commodities that are experiencing soaring global demand. According to Aziza Swedi, Acting Director of the Tanzania Mining Commission, the country has issued 54,626 mining licenses over a seven-year period through November 2024, with plans to expedite future licensing via its digital platform.
Rwanda has embraced digital transformation in its mining sector with the launch of the Inkomane Digital platform in October 2024. Companies such as Aterian have aligned their mineral trading operations with this tool. The platform connects mining companies, trading partners and regulatory bodies like the Rwanda Revenue Authority, enhancing compliance, workforce management, payroll generation and monitoring of mining activities. Similarly, Nigeria introduced its Mineral Resources Decision Support System in May 2024 to attract investors to its vast solid mineral reserves. The platform serves as a one-stop shop, offering easy access to geological and policy data while enabling investors to seamlessly apply for mining permits.
As more African nations integrate digital tools into their mining sectors, African Mining Week will spotlight the digitalization of mining operations across the continent. The event will feature discussions on new licensing systems and highlight the investment opportunities emerging as African nations unlock their mineral wealth.
African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.
Distributed by APO Group on behalf of Energy Capital & Power.
AI Scammers Are Impersonating Your Bank – Can You Tell the Difference? Imagine receiving a WhatsApp message that looks exactly like it’s from your bank. The logo is correct, the wording is professional, and the person on the other end claims to be a bank official offering a lucrative investment deal. They even send a …
South Africa faces a critical energy challenge: securing a stable power supply while transitioning to a low-carbon future. The African Energy Chamber's (EnergyChamber.org/) State of African Energy 2025 Outlook Report provides a detailed analysis of this shift, highlighting the country's continued reliance on coal, the slow pace of renewable energy integration and the urgent need for infrastructure investments to modernize the grid. These insights will set the stage for key discussions at African Energy Week (AEW) 2025: Invest in African Energies, where industry leaders will examine how South Africa and other mature markets across the continent can balance energy security with decarbonization.
Coal remains the cornerstone of South Africa's power generation, contributing over 80% to the energy mix. This heavy reliance has led to ongoing load-shedding – constraining industrial productivity, discouraging investment and limiting GDP growth to less than 1% annually over the past decade. Addressing this crisis requires urgent intervention through infrastructure investment, diversification of the energy mix and policy reforms to enhance grid stability and efficiency. This will be a key focus for stakeholders at AEW 2025, where discussions will center on accelerating the transition to a more resilient and diversified energy system, enhancing the role of renewables and gas-to-power solutions, and attracting critical investments to modernize the grid and reduce dependence on coal.
In response to the energy crisis, South Africa has embarked on integrating renewable energy sources. The Renewable Energy Independent Power Producer Procurement Program has been instrumental, with over 7.2 GW of solar PV and 3.6 GW of onshore wind capacity installed by the end of 2023, collectively accounting for over 17% of the country's total installed capacity. Gas-to-power projects have also emerged as a viable solution, with the government issuing requests for proposals for 2 GW of such projects in late 2024. Concurrently, battery energy storage systems are being developed, with the Department of Mineral Resources and Energy launching bid rounds totaling over 1.7 GW/6.9 GWh of storage capacity.
South Africa's Just Energy Transition Investment Plan has drawn global interest, securing $8.5 billion in commitments from partners including France, Germany, the UK, the US and the EU. However, disbursement remains a challenge, with only $1.9 billion allocated to date – primarily for grid expansion and support for coal-mining communities. As the country navigates the complexities of a large-scale transition, key issues such as grid constraints, the integration of renewables and ensuring a stable, sustainable energy supply will be addressed at AEW 2025.
Taking place in Cape Town, AEW 2025: Invest in African Energies serves as the premier platform for South Africa and the broader African continent to tackle the critical energy challenges shaping the region's future. The event will highlight strategies to integrate cleaner energy sources while maintaining grid stability and affordability, as well as emphasize modernization of grid infrastructure, addressing capacity constraints and enhancing transmission networks to support a diversified energy mix.
Beyond technical solutions, securing large-scale investments will be a key priority, as Africa seeks to attract capital for sustainable energy projects that ensure both energy security and environmental responsibility. By convening industry leaders, policymakers, financiers and innovators, AEW 2025 will drive forward collaborative solutions, policy reforms and strategic partnerships essential for unlocking Africa's full energy potential and fostering long-term economic growth.
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.
Distributed by APO Group on behalf of African Energy Chamber.
After 18 years of service to the Standard Bank Group, Kenny Fihla, the Group’s Deputy Chief Executive and Chief Executive of SBSA, tendered his resignation last night. He will proceed on garden leave as of today. Whilst this is a heavy blow for us, the Group is blessed with a surfeit of talent and deep …
Saturday, 15 March 2025: The National Joint Operational and Intelligence Structure (NATJOINTS) Energy Safety and Security Priority Committee, in collaboration with Eskom, continues to make strides in combating corruption and theft within Eskom’s operations. Over the last two days, six individuals were arrested for their involvement in a fraudulent procurement scheme at Kusile Power Station....
Friday, 14 March 2025: Eskom confirms that loadshedding remains suspended, supported by a stable power system and adequate emergency reserves. As of today, unplanned outages are significantly reduced to 13 469MW compared to the previous week, while available generation capacity is 27 231MW, sufficient to meet tonight’s forecasted peak demand of 25 193MW. Eskom continues...
Denise van Huysteen, on behalf of the Nelson Mandela Bay Chamber of Commerce, comments on the 12 March Budget announcements: “The rapid global geopolitical shifts from a trade, healthcare and Just Transition perspective, and the onset of trade wars, will have major implications for South Africa’s economy. In these unprecedented times, our country needs to […]
Access Bank PLC (www.AccessBankPLC.com) successfully hosted the inaugural Africa Trade Conference in Cape Town, South Africa, bringing together industry leaders, policymakers, and trade experts to drive solutions for accelerating intra-African trade and unlocking the continent's economic potential. The conference tackled critical challenges, including limited access to capital, market information gaps, trust deficits between trading partners, and the urgent need for modernised trade infrastructure.
Roosevelt Ogbonna, Managing Director/CEO of Access Bank, delivered the opening remarks, setting the tone for discussions by highlighting the critical barriers hindering trade across Africa. He emphasised the urgent need for financial sector collaboration to facilitate seamless access to capital and foster a business environment where African enterprises can scale and compete globally.
“We must invest in the initiatives that ensure that we can bring businesses together, forge trust, and create the connections necessary for trade. In doing so, we must stamp out the narrative that 'Made in Africa' is inferior to any product made anywhere else in the world. We must buy Africa, be proud to wear Africa, and invest in Africa because that is what the continent needs to leap forward into the next generation,” Ogbonna stated.
With Africa's population projected to surge to 2.5 billion by 2050 from 1.2 billion, the African Continental Free Trade Area (AfCFTA) stands as the most significant free trade initiative since the formation of the World Trade Organisation. By fostering economic integration, AfCFTA has the potential to reshape trade dynamics across the continent, creating a unified market that enhances industrialisation, boosts employment, and strengthens Africa's global competitiveness. Recognising this transformative opportunity, H.E. Wamkele K. Mene, Secretary-General of AfCFTA, emphasised the urgency of fully implementing the agreement to unlock its immense benefits.
"The AfCFTA is not just a trade agreement; it is an instrument for Africa's industrialisation and economic sovereignty. It is a tool that will enable us to break down historic trade barriers and build an Africa that is self-sufficient, competitive, and prosperous. But for this to happen, we must commit to operationalising the agreement fully, ensuring that businesses, particularly SMEs and women-led enterprises, have access to the information, capital, and platforms they need to thrive,” Mene stated.
Also, Kanayo Awani, Executive Vice President of Afreximbank, emphasised the importance of financing mechanisms that support African businesses in their expansion across borders. She reaffirmed Afreximbank's commitment to championing trade finance solutions and infrastructure investments that will unlock Africa's trade potential.
“At Afreximbank, we understand that trade finance is the lifeblood of economic development. Without it, businesses cannot scale, industries cannot innovate, and Africa cannot fully realise its trade potential. This is why we have developed instruments such as the Pan-African Payment and Settlement System (PAPSS) to facilitate seamless transactions across borders, reducing reliance on foreign currencies and strengthening intra-African trade,” Awani remarked.
The conference featured an insightful testimonial from Nathalie Louat, Global Director at the IFC/World Bank Group, who pointed out the pivotal role of trade finance in enabling cross-border transactions and supporting financial inclusion. She underscored the long-standing partnership between IFC and Access Bank in fostering Africa's economic resilience.
Several high-level panel discussions explored strategies to overcome trade barriers and enhance market access through innovative solutions. Experts from leading institutions, including Deutsche Bank, Traydstream, OWP Partners, Fiducia International, and more, examined how infrastructure improvements, digital solutions, and policy harmonisation could drive economic growth and boost intra-African trade.
Dr. Marc Auboin from the World Trade Organization (WTO) shared key insights on how digital transformation is reshaping Africa's supply chain landscape, creating efficiency and unlocking new global market opportunities. Tanya Dos Santos-Ford from GIBS Business School also led a session on sustainable trade practices, emphasising the need for environmentally responsible economic growth strategies.
The event culminated in an awards ceremony recognising outstanding contributions to intra-African trade and economic transformation. Tradepass Commodities Limited (Ghana), Chemaf International FZE (DR Congo), and Harvest Group of Companies (Zambia) were honoured for their impact on SMEs and women-led trade enterprises. Bulkstream Limited (Kenya) and Electricidade de Moçambique (Mozambique) received awards for advancing intra-African trade, while Tennant Metals South Africa Pty Ltd was recognised as an Emerging Leader in Trade.
The International Finance Corporation (IFC) was awarded the Climate Finance Leadership Award, while Afreximbank received the Champion of Intra-African Trade Award. The African Development Bank (AfDB) and Africa Finance Corporation (AFC) were celebrated for their roles in economic transformation and infrastructure finance, respectively. The prestigious African Icon Award was presented to IHS Group, Dangote Industries Limited, and MTN Group Limited for their significant contributions to Africa's economic progress.
As the conference ended, Seyi Kumapayi, Executive Director, African Subsidiaries at Access Bank, reaffirmed the institution's commitment to supporting trade finance, fostering regional integration, and championing policies that create an enabling environment for businesses across Africa.
For inquiries:
Distributed by APO Group on behalf of Access Bank PLC.
About Access Bank PLC:
Access Bank PLC, a wholly owned subsidiary of Access Holdings PLC, is a leading full-service commercial bank operating through a network of more than 700 branches and service outlets spanning three continents, 24 countries and over 60 million customers. The Bank employs over 28,000 people in its operations in Africa and Europe, with representative offices in China, Lebanon, India, and the UAE.
Access Bank's parent company, Access Holdings PLC, has been listed on the Nigerian Stock Exchange since 1998 (now Nigerian Exchange (NGX)). The Bank is a diversified financial institution which combines a strong retail customer franchise and digital platform with deep corporate banking expertise, proven risk management and capital management capabilities. The Bank services its various markets through three key business segments: Corporate and Investment Banking, Commercial Banking, and Retail Banking. The Bank has enjoyed what is Africa's most successful banking growth trajectory in the last 20 years, becoming one of the continent's largest retail banks.
As part of its continued growth strategy, Access Bank is focused on mainstreaming sustainable business practices into its operations. The Bank strives to deliver sustainable economic growth that is profitable, environmentally responsible, and socially relevant, helping customers to access more and achieve their dreams.
Africa Tech Festival (www.AfricaTechFestival.com), the continent's leading platform for technology innovation and connectivity, is proud to announce the esteemed members of its Leadership Council for 2025. Comprising influential leaders from across Africa's technology, business, and investment sectors, the Leadership Council will play a pivotal role in shaping the festival's agenda, ensuring it remains at the forefront of industry trends, policy discussions, and digital transformation.
The Africa Tech Festival 2025 Leadership Council comprises of:
Bringing together a wealth of expertise, the Leadership Council will provide strategic guidance to ensure Africa Tech Festival continues to address the most pressing issues and opportunities within Africa's digital economy. Their insights will help drive meaningful discussions on connectivity, AI, fintech, cybersecurity, cloud, and the future of digital infrastructure across Africa.
“Africa Tech Festival serves as a platform for connection, collaboration, and innovation across the continent,” said James Williams, Event Director of Africa Tech Festival. “With the guidance of our Leadership Council, we will continue to curate an event that drives impactful conversations, supports industry growth, and fosters Africa's position as a global technology leader.”
Distributed by APO Group on behalf of Africa Tech Festival.
Media Contact:
Tori Wilson
Senior Marketing Manager
tori.wilson@informa.com
About Africa Tech Festival 2025:
Now in its 28th edition, Africa Tech Festival 2025 will take place from 11 to 13 November 2025 at the Cape Town International Convention Centre (CTICC), bringing together over 15,000 technology leaders, policymakers, investors, startups, and visionaries. The festival encompasses four anchor events:
With over 500 speakers, 300 exhibitors, and multiple networking opportunities, Africa Tech Festival remains the largest and most influential tech event on the continent.
For more information about Africa Tech Festival 2025 and its Leadership Council, visit www.AfricaTechFestival.com.
Written by Thabani Ndwandwe, Chief Risk Officer, Standard Bank South Africans were eagerly awaiting Finance Minister Enoch Godongwana’s 2025 Budget Speech, hoping for measures to ease financial pressure. However, the budget presents a mixed bag—while it seeks to stabilise government finances, the cost of living is set to rise due to tax changes. The question …
The Standard Bank Group has reported R45 billion of headline earnings and a return on equity of 18.5%. This performance is underpinned by continued balance sheet growth, lower credit impairment charges and flat costs in the banking franchise and a robust performance in Insurance & Asset Management. Financial Highlights: Headline earnings: R45 billion Headline earnings …
Wednesday, 12 March 2025: South African young scientists are set to showcase their innovative research on the global stage, competing in the environmental science and computer science categories at this year’s International Festival of Engineering, Science and Technology in Tunisia (I-FEST²). Eskom Expo International Science Fair 2024 Gold medal recipients, Hamzah Ismail and Vibhav Ramdas,...
As Finance Minister Enoch Godongwana announced a 100-basis-point increase in South Africa’s Value-Added Tax (VAT) over two years, a new study from the UCT Liberty Institute of Strategic Marketing reveals a grim reality— many households are already struggling to make ends meet and rely on others for food before their next payday. The study, called …
Continental replaced carbon black in tread compounds with silica for the first time in 1994. Prof. Burkhard Wies, Head of Applied Research and Innovation for Continental Tires: “Silica in rubber compounds was a revolution in tyre technology, enabling us to almost halve braking distances on wet road surfaces. This is still an enormous safety gain …
APO Group (www.APO-opa.com), the leading pan-African media relations and communications consultancy, is pleased to announce the promotion of Papa Chimere Diop to Director of Strategic Growth & Market Development at Group level. This appointment, effective from 1 March 2025, highlights APO Group's commitment to strengthening its commercial leadership and driving expansion across Africa.
Chimere, who previously served as Senior Sales Director and later Senior Growth Director, has been instrumental in shaping APO Group's business development strategies. His transition into this role reflects the company's dedication to empowering its top talent while reinforcing its leadership in the African communications industry.
Bas Wijne, CEO of APO Group, said, “As a key driver of APO Group's commercial success, Chimere has consistently secured high-impact opportunities and built strong client relationships across the continent. His promotion to a Group-level role is a natural progression in our strategy to deepen partnerships, enhance market intelligence, and accelerate sustainable growth in key regions. His leadership will be vital as we continue to expand our footprint across Africa.”
In his new role, Chimere will focus on identifying strategic opportunities, strengthening client engagement with senior decision-makers, and driving sustainable revenue growth. He will also lead initiatives to expand APO Group's presence in high-growth industries and regions, deepen relationships with senior executives to unlock new opportunities, and utilise market intelligence to reinforce the company's leadership in Francophone and Lusophone Africa. Additionally, he will represent APO Group at major industry events, enhancing the company's thought leadership and brand visibility across the African communications landscape.
“I am honoured to take on this expanded role at APO Group, building on the momentum we have created over the years,” said Chimere. “Our team is a reflection of Africa itself—rich in cultural and geographic diversity, with deep expertise and an extensive understanding of the continent's media and business landscape. As we continue to be the trusted communications partner for leading organisations across Africa, we also welcome fresh perspectives and creative contributions that can help drive meaningful growth and reinforce our presence in all African markets.”
With this strategic appointment, APO Group continues to solidify its leadership in the African communications industry. Clients, partners, and industry stakeholders are encouraged to engage with APO Group to explore new collaboration opportunities.
Distributed by APO Group on behalf of APO Group.
About APO Group:
Founded in 2007, APO Group (www.APO-opa.com) is the leading award-winning pan-African communications consultancy and press release distribution service. Renowned for our deep-rooted African expertise and expansive global perspective, we specialise in elevating the reputation and brand equity of private and public organisations across Africa. As a trusted partner, our mission is to harness the power of media, crafting bespoke strategies that drive tangible, measurable impact both on the continent and globally.
Our commitment to excellence and innovation has been recognised with multiple prestigious awards, including the PRovoke Media Global SABRE Award and multiple PRovoke Media Africa SABRE Awards. In 2023, we were named the Leading Public Relations Firm Africa and the Leading Pan-African Communications Consultancy Africa in the World Business Outlook Awards, and the Best Public Relations and Media Consultancy of the Year South Africa in 2024 in the same awards. In 2025, Brands Review Magazine acknowledged us as the Leading Communications Consultancy in Africa for the second consecutive year. They also named us the Best PR Agency and the Leading Press Release Distribution Platform in Africa in 2024.
APO Group's esteemed clientele, which includes global giants such as Canon, Nestlé, Western Union, the UNDP, Network International, African Energy Chamber, Mercy Ships, Marriott, Africa's Business Heroes, and Liquid Intelligent Technologies, reflects our unparalleled ability to navigate the complex African media landscape. With teams on the ground in numerous African countries, we offer unmatched insights and reach across the continent. APO Group is dedicated to reshaping narratives about Africa, challenging stereotypes, and bringing inspiring African stories to global audiences, with our expertise in developing and supporting public relations campaigns worldwide uniquely positioning us to amplify brand messaging, enhance reputations, and connect effectively with target audiences.
This month saw the exciting launch of BizTrendsTV. A first-of-its-kind venture and global benchmark for the continent, presenting Bizcommunity's (www.Bizcommunity.com) annual award-winning trends in exciting new formats, in collaboration with Rapt Creative and The Real-Networks consortium.
BizTrendsTV will leverage multimedia platforms, including YouTube as well as podcasts and social media platforms to provide business professionals with accessible, engaging, and authoritative trend resources from Africa's top thought leaders with a uniquely Afrocentric vantage.
A leading voice in Bizcommunity's trend offering for many years, fast-talking, fast-thinking Bronwyn Williams, futurist, economist and business trends analyst, has been appointed to host the show which kicked off on 25 February 25, 2025.
The first episode on the topic of Afro-optimism is now available on Bizcommunity and The Real-Network YouTube channels. Listen to hear how guest Li Ndube, identifies the trend towards an African growth mindset in contrast to a growing Western degrowth mindset in conversation and a greater sense of optimism that our continent faces versus a pervading Western ‘future-pessimism'. Li predicts that technology will level playing fields, enabling everyone with a great idea to participate in new AI economies.
The monthly series will deliver predicted trending topics from AI, influencer farming, billionaire bunkers, distraction democracy, Gen Bees, hyper-capitalism, trade wars, exclusionary geopolitical policies, to hot wars and more.
Terry Levin, Bizcommunity's Marketing Director explains “With new world orders changing at speed, BizTrends #CuratingtheFuture will play a vital role in simplifying and demystifying trends for business audiences from learner to leader. BizTrendsTV is a natural evolution and we are honoured to be associating with an A-list of business media partners in this venture.”
Garreth van Vuuren, Rapt Creative's CEO and headline sponsor, highlights the strategic importance of BizTrendsTV: “At Rapt Creative, we believe in the power of insight-driven content to shape the future of industries. BizTrendsTV is a perfect platform to foster conversations that will drive innovation and business transformation and we are proud to be the headline sponsor of this pioneering initiative.”
Danette Breitenbach, Bizcommunity's Managing Editor, says: “BizTrendsTV is a major step forward in how we engage with our audience. By expanding into video and digital platforms, Bizcommunity ensures essential insights are accessible and engaging for business professionals who need to stay ahead of the curve.”
Launching 25|02|2025 BizTrendsTV will be available on Bizcommunity's official website (www.Bizcommunity.com) and social media networks and via The Real Network digital platforms (apo-opa.co/3DnBdmq) and channels
BizTrendsTV is a collaboration between Bizcommunity, Rapt Creative and The Real-Networks consortium, and the first-of-its-kind trend show focusing on global topics impacting future socio-economic trends from a uniquely Afrocentric perspective.
Hosted by a leading voice in the African business trend ecosphere - fast-talking, fast-thinking Bronwyn Williams - futurist, economist, future finance specialist and business trends analyst - in conversion on trending topics such as AI, influencer farming, billionaire bunkers, distraction democracy, Gen Bees, hyper-capitalism, trade wars, exclusionary geopolitical policies, hot wars and more with leading PanAfrican futurists.
A new episode is available on the last Tuesday of every month at 8 am on Bizcommunity's official website and via The Real Network digital platforms.
For sponsorship enquiries or to be featured on the show contact BizTrends@bizcommunity.com
Distributed by APO Group on behalf of Bizcommunity.
Media enquiries:
marketingnews@bizcommunity.com
Issued by @ bizcommunity
About Bizcommunity:
Bizcommunity is South Africa's leading B2B news platform, providing industry insights, business trends, and market intelligence to professionals across multiple sectors.
About Rapt Creative:
Rapt Creative is a strategic creative agency specialising in brand storytelling, digital innovation and content production.
About The Real-Networks Consortium:
The Real-Networks consortium is a collaborative hub of media and production experts dedicated to shaping the future of business content.
About Bronwyn Williams:
Bronwyn Williams is a futurist, economist, business trends analyst, future finance expert, keynote speaker and media commentator.
African Energy Week (AEW): Invest in African Energies, the premier platform for Africa's energy sector, marks its fifth anniversary in 2025, celebrating a legacy of driving investment, fostering partnerships and advancing the continent's energy future. Since its inception, AEW has established itself as the continent's leading energy event, bringing together industry leaders, policymakers, investors and global stakeholders to catalyze development across Africa's oil, gas and renewable sectors.
Over the past five years, AEW has facilitated multi-billion-dollar deals, shaped policy discussions and strengthened regional cooperation. Its inaugural edition in 2021 set a strong foundation, attracting 1,700 delegates, including ministers, global energy executives and financial institutions. The event reinforced Africa's appeal to investors while establishing AEW's strategic goal of eradicating energy poverty by 2030. The event introduced key features such as the African Energy Awards, panel discussions and forums covering the entire energy sector across four venues. Country spotlight sessions provided market insights, while the African Energy Chamber, alongside African energy ministers and a representative from the German government, launched the African Green Energy Dialogue Initiative to accelerate investment in Africa's green energy space.
The 2022 edition of AEW kicked off with opening remarks from esteemed African leaders including the presidents of Uganda and Mozambique, Minister of Hydrocarbons from the Republic of Congo, as well as prominent industry figures from APPO, the European Commission, the International Energy Forum and the private sector. AEW 2022 provided a platform for high-level discussions on investment opportunities, energy policy and strategies for driving Africa's energy transition. In addition to insightful discussions and networking opportunities, AEW 2022 introduced the Just Energy Transition Concert, blending music and culture with energy dialogue to promote investment, development and wider participation across the energy industry.
AEW 2023 saw an unprecedented level of participation, with opening remarks from the presidents of Namibia, Senegal and Uganda, alongside energy ministers from South Africa, South Sudan, Uganda, Equatorial Guinea, the Republic of Congo, Ghana and Mozambique. Representatives from OPEC, APPO, GECF, and key global partners from Russia, the U.S., Europe, and Saudi Arabia further reinforced the event's strategic importance. Afreximbank played a central role, hosting a dedicated deal room and supporting Africa's growing M&A activity. Key agreements signed included Afreximbank's $75 million financing deal with Torxen Energy Resources for Nigeria's PPL 241, a hydrogen exploration agreement between The Gambia and H2 Gambia Limited, and a $60 million term loan for Alphaden Energy & Oilfield Limited to develop a gas facility in Nigeria. Additionally, the African Energy Chamber partnered with the Black Impact Foundation to promote global opportunities for the Black community. The African Farmout Forum connected investors with available blocks, accelerating exploration and partnerships across Africa's oil and gas sector.
In 2024, AEW underscored its role as a catalyst for deal-making and sectoral development. Afreximbank committed over $120 million in financial facilities to support Africa's oil and gas sector, while the Republic of Congo's Société nationale des pétroles du Congo partnered with the State Oil Company of Azerbaijan to modernize the CORAF refinery and the African Farmout Forum returned to highlight available block opportunities for partnership and investment. The event featured a distinguished lineup of speakers and delegations, including energy ministers from South Africa, Namibia, the Republic of Congo, Gabon, Nigeria, Equatorial Guinea and Angola; OPEC and APPO secretary generals; and top executives from Eni, bp, Chevron, TotalEnergies and other leading energy companies.
The fifth edition of AEW promises an even greater focus on investment opportunities and project developments, including 2025/2026 licensing rounds, multi-phase LNG facilities, new refining capacity, drilling and appraisal programs and cross-border pipeline infrastructure. All flagship features will return, including the Big Five Stages of Premium Industry Content, the African Farmout Forum, the Deal Room, the OPEC-Africa Roundtable and more. With capital-intensive projects requiring global financing, AEW 2025 will serve as the premier platform to connect investors with Africa's most promising energy opportunities.
By bringing together key stakeholders, AEW has enhanced Africa's global competitiveness, enabled cross-border partnerships and fostered policy dialogue that advances sustainable energy development. As the conference celebrates five years of impact, its role in shaping the future of Africa's energy sector remains stronger than ever, ensuring that the continent's vast energy resources continue to drive sustainable development and economic transformation.
“The five-year milestone is a testament to AEW's commitment to shaping the future of Africa's energy sector. As the continent continues to navigate the complexities of energy development, AEW remains a vital platform for stakeholders to engage and drive progress across the continent,” says NJ Ayuk, Executive Chairman of the African Energy Chamber, adding “As AEW celebrates five years of impact, its influence on the continent's energy landscape remains unparalleled. The conference has consistently demonstrated its ability to drive sustainable energy development, ensuring that Africa's vast energy resources are harnessed to drive economic transformation and sustainable development.”
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECweek.com for more information about this exciting event.
Distributed by APO Group on behalf of African Energy Chamber.
South Africa stands at a pivotal juncture, with the potential to transform its economic landscape through strategic reforms, investments, and a renewed focus on workforce productivity. The government has outlined ambitious plans to boost economic growth, address infrastructure challenges, and create employment opportunities. However, while economic policies and capital investments are crucial, one often-overlooked factor …
The Jaguar Type 00 was spotted on the streets during Paris Fashion Week driven by Barry Keogan. Keogan was pictured arriving at The Peninsula Paris on Sunday night in Jaguar’s unmistakable, dramatic design vision concept car. Type 00 previews what’s to come from Jaguar, as the brand recaptures the original ‘Copy Nothing’ ethos of its …
Monday, 10 March 2025: Eskom is pleased to announce that on Sunday, 9 March, at 18:17, Koeberg Unit 2 was successfully brought back to service. The unit has been incrementally ramped up to 646MW and will continue to increase its output until it reaches its full capacity of 930MW, in accordance with established operational protocols....
Angola has set a target to become a key exporter of value-added critical minerals in the next 10 to 15 years. As the country pursues this goal, the upcoming African Mining Week (AMW) - Africa's premier mining event - will spotlight Angola's growing potential as global critical minerals exporter.
Angola has identified 34 of the 54 critical minerals recognized by the European Union across its mineral-rich basins and is ramping up exploration, production and downstream projects to unlock its industry potential. The government is promoting investment across the critical mineral value chain as a strategy to advance economic diversification while unlocking greater revenue generation from the mining industry.
AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energy 2025 conference from October 1 -3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.
Across the country, various mining developments are taking off. In January 2025, UK-based Pensana secured funding from South Africa's Absa Bank to accelerate the development of the Longonjo Rare Earth Project. The $325 million project is expected to supply 5% of the world's high-grade rare earth carbonate, generate $6 billion in export revenue and contribute $1 billion in tax revenue to regional treasuries, helping Angola diversify its revenue generation.
Meanwhile, Chinese mining firm Shining Star is set to commence production this year at the 40-million-ton Mavoio-Tetelo copper project in northern Angola. The project is expected to produce 300,000 tons of copper per annum, significantly boosting Angola's mining revenue. Australian firm Tyranna Resources - in partnership with China's Sinomine - is advancing multiple lithium projects in Angola, with ongoing drilling activities identifying additional reserves and expediting mine development. These projects include the Namibe and Muvero lithium mines. Canada's Ivanhoe Mines has also initiated a series of copper exploration projects in Angola's Moxico and Cuando Cubango provinces, contributing to efforts to diversify the nation's mining sector and revenue streams.
To increase value addition across the manganese sector, Angola is developing a $250 million manganese-to-silica processing facility in partnership with Chinese firm ST New Materials. The project is expected to be operational in 2025. The country is also spearheading projects to produce steel from iron mined in the Kasinga region.
As Angola seeks to attract new investors across the critical mineral value chain, AMW 2025 will bring together Angolan stakeholders and global investors to discuss partnerships and industry growth opportunities. AMW will host panel discussions, project showcases and exclusive networking opportunities, connecting international investors with Angola's rapidly expanding critical minerals market.
Distributed by APO Group on behalf of Energy Capital & Power.
Ecobank Côte d'Ivoire, a subsidiary of Ecobank Transnational Incorporated (www.Ecobank.com), the leading Pan African Bank, takes a major step forward in its commitment to financial inclusion with the launch of the first Gender Bond in West Africa. This groundbreaking bond issuance, amounting to XOF 10 billion, aims to mobilize funding for women-owned and women-led businesses, reducing financing inequalities and fostering inclusive economic growth.
Named "Ellever Gender Bond 6.5% 2024-2029," this bond has been structured and arranged by EDC Investissement Corporation (EIC), Ecobank's Brokerage and Asset Management subsidiary. It marks Ecobank Côte d'Ivoire's second bond issuance after its initial fundraising in 2013. Aligned with international sustainable finance standards, the Gender Bond has received an independent second-party opinion from Morningstar Sustainalytics, ensuring compliance with global best practices in responsible investment.
Since its inception, the ELLEVER program has made a tangible impact on women entrepreneurship. In 2024, over 3,465 businesses registered, benefiting from XOF 13.25 billion in disbursed loans. However, access to financing remains a significant challenge for women entrepreneurs in West Africa, where less than 20% of women-led SMEs have access to adequate funding. Globally, Gender Bonds represented only USD 14.5 billion, accounting for just 1.5% of the sustainable bond market in 2023, underscoring the need to expand such initiatives.
According to Paul-Harry Aithnard, Managing Director of Ecobank Côte d'Ivoire, women's financial inclusion is a major economic priority. "This Gender Bond provides a tangible solution to the challenges faced by women entrepreneurs in West Africa. Today, women-led businesses are recognized for their resilience and performance, yet they remain significantly underfunded. Through this issuance, we reaffirm our commitment to building an ecosystem where women have full access to the financial resources they need to grow and succeed. This is a powerful tool to transform access to financing and sustainably accelerate the growth of women-led businesses."
The "Ellever Gender Bond 6.5% 2024-2029" offers investors and the public a unique opportunity to combine profitability with social impact. This five-year bond provides an attractive annual interest rate of 6.5% with a two-year capital repayment grace period. The total issuance of XOF 10 billion consists of one million securities with a nominal value of XOF 10,000 each.
All funds raised will be fully allocated to strengthening the ELLEVER program, financing initiatives led by women, and providing them with tailored financial and technical support. Roseline Abé, Chief Executive Officer of EDC Investissement Corporation, highlights the significance of this initiative: "We have structured this bond to be attractive to investors while delivering a strong impact on women's empowerment in Côte d'Ivoire. This is a unique opportunity to combine financial performance with social inclusion."
With this Gender Bond, Ecobank Côte d'Ivoire cements its leadership in sustainable finance and paves the way for greater economic inclusion. The bank's ambition goes beyond this issuance, as it envisions a long-term strategy to promote innovative and inclusive financial instruments.
Paul-Harry Aithnard concludes: "This issuance is just the beginning. We will continue to develop tailored solutions to enhance women's participation in the economy and encourage other financial institutions to follow this path."
Through this initiative, Ecobank Côte d'Ivoire is transforming access to finance and reaffirming its commitment to inclusive and sustainable development.
Distributed by APO Group on behalf of Ecobank Transnational Incorporated.
Media Contact:
Cynthia KOIDIO
Corporate Communications Manager
Ecobank Côte d'Ivoire
Email: ckoidio@ecobank.com
Tel : +2250787733729
About Ecobank Côte d'Ivoire:
Ecobank Côte d'Ivoire is a subsidiary of the Ecobank Group, the leading independent pan-African banking group, whose parent company is Ecobank Transnational Incorporated (ETI).
The Ecobank Group employs over 13,000 professionals, serving approximately 32 million customers across retail, commercial, and corporate banking sectors in 33 African countries. The Group also holds a banking license in France and maintains representative offices in Addis Ababa (Ethiopia), Johannesburg (South Africa), Beijing (China), London (United Kingdom), and Dubai (United Arab Emirates). Ecobank offers a comprehensive range of banking products, services, and solutions, including deposit accounts, cash management, advisory services, trading, securities brokerage, and wealth management. ETI is listed on multiple stock exchanges, including the Nigerian Stock Exchange (Lagos), the Ghana Stock Exchange (Accra), and the Bourse Régionale des Valeurs Mobilières (Abidjan).
For more information, visit www.Ecobank.com.
