Author: MIL-OSI Publisher

Source: APO – Report:

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The African Export-Import Bank (Afreximbank) has been confirmed as a Partner of African Energy Week (AEW) 2026, taking place October 12–16 in Cape Town. Its participation underscores the event’s role as a premier investment platform, positioning the bank at the center of deal-making across oil, gas, power and energy infrastructure.

Ahead of AEW, Afreximbank has expanded its global footprint by raising its financing cap for the Caribbean Community (CARICOM) to $5 billion. The increase builds on more than $750 million already deployed and a pipeline exceeding $2 billion, targeting infrastructure, tourism, agro-processing and financial services while strengthening Africa–Caribbean trade and investment corridors.

The bank reached a recent milestone with South Africa joining as its 54th member state, completing full continental coverage. This accession unlocks an $8 billion country program focused on energy, manufacturing and trade, alongside a $3 billion Transformation Fund aimed at supporting black-owned businesses and SMEs while advancing industrial development and regional value chains. In recent years, the bank has also bolstered its capital base, including a $25 billion increase in authorized capital, enhancing its capacity to finance large-scale energy and infrastructure projects across Africa.

Afreximbank’s expanding role extends directly into project financing through the Africa Energy Bank, a joint initiative spearheaded by Afreximbank and the African Petroleum Producers’ Organization. Designed to address a financing gap left by international lenders’ retreat from upstream oil and gas, the bank aims to mobilize African capital for African energy projects, with initial funding targets in the billions and operations set to begin in 2026. Together with Afreximbank’s strengthened balance sheet, this initiative signals a broader shift toward African-led capital structures capable of underwriting large-scale upstream, midstream and infrastructure developments – positioning the continent not just as a capital recipient, but as a capital originator.

“Afreximbank’s partnership with AEW 2026 reflects a key shift in how Africa is financing its energy future,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “We’re moving beyond reliance on external capital to a model where African institutions are structuring, financing and driving projects from the ground up. As investment accelerates across oil, gas and renewables, players like Afreximbank are not only supporting deals, but helping define the market.”

At African Energy Week 2026, Afreximbank is expected to play a central role in advancing financing discussions, supporting project origination and strengthening partnerships between governments, developers and investors. Its participation highlights a broader shift toward African-led capital in energy development, reinforcing the event’s position as a catalyst for bankable projects, regional integration and long-term energy security.

– on behalf of African Energy Chamber.

Source: APO

Merck Foundation (www.Merck-Foundation.com), the philanthropic arm of Merck KGaA Germany commemorates World Health Day 2026 in partnership with First Ladies of African and Asian Countries, who are also the Ambassadors of Merck Foundation “More Than a Mother” Campaign, with a strong reaffirmation of its commitment to improving and revolutionizing healthcare access across Africa, Asia and beyond through their Scholarships and Capacity Building Program.

Senator, Dr. Rasha Kelej (Ret.), CEO of Merck Foundation shared, “At Merck Foundation, we remain committed to transforming the patient care landscape and improving access to quality and equitable healthcare solutions across Africa, Asia, and beyond. For the past 14 years, we have marked World Health Day every day through our ongoing efforts to build healthcare capacity in underserved communities.

I am proud to share that we have provided more than 2,600 scholarships for young healthcare providers from 52 countries in 44 critical and underserved medical specialties. Through these scholarships, many of our Merck Foundation alumni are becoming the first-ever specialists in their respective fields in their countries, including Namibia, Liberia, The Gambia, Burundi, Malawi, Sierra Leone, Zambia, Guinea, Ethiopia, Congo, Nepal, Bangladesh, and Zimbabwe, among others.”

“This is truly history in the making, and we are proud to be a part of Africa’s legacy by empowering a new generation of healthcare specialists who will serve generations to come.” Added Dr. Kelej.

As you all know, the lack of financial resources is not the only challenge facing Africa. A far more pressing issue is the scarcity of trained healthcare providers capable of effectively preventing, diagnosing, and managing diseases.

This sweeping shortage of medical and healthcare personnel has been one of the most critical barriers to access to quality healthcare across the continent.

As per WHO 2021 report, African region has 24% of the world’s disease burden, whereas there are only 2.9 healthcare workers per 1000 capita. This gap has a profound impact on health outcomes.

Therefore, the Merck Foundation scholarships are highly significant, as they provide doctors with specialized training, helping to bridge healthcare gaps and improve patient care in underserved communities.

Merck Foundation works closely with their Ambassadors, the African and Asian First Ladies and local partners such as Ministries of Health, Education, Information & Communication, Gender, Academia, Research Institutions, Media and Art in building healthcare capacity and addressing health, social & economic challenges in developing countries and under-served communities.

Merck Foundation also actively empowers women and youth in Science and Technology through its STEM Program and the annual Merck Foundation Africa Research Summit (MARS) Awards that recognize and celebrate the Best African Women Researchers and Best Young African Researchers, fostering research excellence.

Dr. Kelej shared, “This theme of World Health Day 2026 ““Together for health. Stand with science,” aligns perfectly with our program that train healthcare providers and empower women and youth in STEM”.

Merck Foundation CEO also announced the Call for Applications for 2026 Scholarships.

“I am happy to announce the Call for Applications for the 2026 Scholarships for young healthcare providers with special focus on women medical graduates. These include on-site fellowship programs, clinical training programs and online one-year diploma & two-year master degree in 44 critical and underserved medical specialties. The applications are invited through the Office of our Ambassadors and long-term partners, The First Ladies of Africa and Ministry of Health of each country,” shared Dr Rasha Kelej.

To Apply for In-campus Scholarships in Fertility, Oncology, Diabetes and other specialties:

https://apo-opa.co/4cc7x90

To Apply for Online Scholarships, visit:

https://apo-opa.co/4c9nLj7

The selection for each scholarship will be based on request by First Lady Office, Ministry of Health and / or Medical Society with the aim to fill the gaps of public healthcare system in each country.

The selection will be based on eligibility criteria fulfillment of each training Institute and Foundation, scholarship availability and fund availability.

Distributed by APO Group on behalf of Merck Foundation.

Contact:
Mehak Handa
Community Awareness Program Manager 
Phone: +91 9310087613/ +91 9319606669
Email: mehak.handa@external.merckgroup.com

Join the conversation on our social media platforms below and let your voice be heard!
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Website: www.Merck-Foundation.com
Download Merck Foundation App: https://apo-opa.co/4e7JISn

About Merck Foundation:
The Merck Foundation, established in 2017, is the philanthropic arm of Merck KGaA Germany, aims to improve the health and wellbeing of people and advance their lives through science and technology. Our efforts are primarily focused on improving access to quality & equitable healthcare solutions in underserved communities, building healthcare & scientific research capacity, empowering girls in education and empowering people in STEM (Science, Technology, Engineering, and Mathematics) with a special focus on women and youth. All Merck Foundation press releases are distributed by e-mail at the same time they become available on the Merck Foundation Website. Please visit www.Merck-Foundation.com to read more. Follow the social media of Merck Foundation: Facebook (https://apo-opa.co/41jDWWd), X (https://apo-opa.co/3NNY53J), Instagram (https://apo-opa.co/4sus0w8), YouTube (https://apo-opa.co/3PTtKRU), Threads (https://apo-opa.co/4tCEuCS) and Flickr (https://apo-opa.co/4tBljt5).

The Merck Foundation is dedicated to improving social and health outcomes for communities in need. While it collaborates with various partners, including governments to achieve its humanitarian goals, the foundation remains strictly neutral in political matters. It does not engage in or support any political activities, elections, or regimes, focusing solely on its mission to elevate humanity and enhance well-being while maintaining a strict non-political stance in all of its endeavors.

Source: APO

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Morocco’s decision earlier this year to pause elements of its long-anticipated LNG import strategy marks less a delay than a strategic reset – one that reflects both shifting global market dynamics and a more pragmatic approach to infrastructure development.

In January 2026, the Ministry of Energy Transition and Sustainable Development suspended tenders for a planned LNG import terminal at Nador West Med and associated pipeline infrastructure, just weeks after launching the process in December 2025. The proposed project was ambitious: a floating terminal with regasification capacity of around 5 billion cubic meters (bcm) per year – more than four times Morocco’s current gas demand of roughly 1 bcm – designed to anchor a national gas network linking industrial hubs from Nador to Kenitra and Mohammedia.

While global LNG market volatility, rising financing costs and uncertainty around long-term demand have complicated the economics of large-scale import infrastructure, Morocco’s decision to reassess both timing and structure reflects a measured and forward-looking approach. Rather than locking into a capital-intensive model, the country is creating space to align infrastructure development more closely with market realities.

This comes at a critical moment. Gas demand is projected to rise to around 8 bcm by 2027, driven by power generation and industrial growth as Morocco reduces coal dependence while targeting renewables to account for 52% of installed capacity by 2030. Meeting this demand will require new infrastructure, but increasingly in forms that offer flexibility, scalability and improved risk allocation.

One area gaining traction is the development of modular LNG solutions. Phased infrastructure – particularly floating storage and regasification units – offers a pathway to bring capacity online more quickly while reducing upfront capital exposure. Such models allow supply to scale alongside demand and provide greater resilience in a volatile pricing environment.

At the same time, Morocco is advancing reforms to strengthen market structure and enhance competitiveness. Policymakers have emphasized the need for greater private sector participation, alongside ongoing reforms to state entities including ONHYM, aimed at improving pricing transparency and market efficiency. As ONHYM transitions toward a more commercial framework, its role in facilitating partnerships and enabling investment across midstream and gas-to-power segments is expected to expand.

Morocco’s existing infrastructure further supports this transition. Since 2022, the country has imported LNG via Spanish terminals using reverse flows through the Maghreb-Europe Gas Pipeline, providing interim supply without the need for immediate large-scale domestic regasification. While limited in capacity, this system offers flexibility and allows Morocco to optimize the timing and structure of future investments.

For investors, this reset broadens the opportunity set. Rather than a single large-scale LNG terminal, there is now scope to participate across a more diversified value chain – from storage and regasification to downstream industrial use and power generation. Smaller, phased projects are not only more adaptable but also better aligned with current financing conditions, supporting more efficient capital deployment.

Morocco’s evolving strategy will be a key focus at the Invest in African Energy (IAE) Forum in Paris next month, where the country will be featured in a dedicated Country Spotlight session. With participation from ONHYM and other senior stakeholders, including Managing Director Amina Benkhadra, the forum will provide a platform to outline Morocco’s revised gas roadmap and engage directly with investors on emerging opportunities across the value chain.

With gas demand projected to reach up to 12 bcm by 2030, Morocco’s long-term fundamentals remain strong. What is changing is the model – shifting toward more flexible, commercially driven solutions that reflect both market conditions and investor priorities.

As Morocco refines its LNG strategy, its approach highlights a broader trend across emerging markets: in a volatile global energy landscape, adaptability is increasingly defining investment success.

IAE 2026 (http://apo-opa.co/4c5P4Li) is an exclusive forum designed to connect African energy markets with global investors, serving as a key platform for deal-making in the lead-up to African Energy Week. Scheduled for April 22–23, 2026, in Paris, the event will provide delegates with two days of in-depth engagement with industry experts, project developers, investors and policymakers. For more information, visit www.Invest-Africa-Energy.com. To sponsor or register as a delegate, please contact sales@energycapitalpower.com

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

Source: APO – Report:

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Farid Ghezali, Secretary General of the African Petroleum Producers Organization (APPO) will speak at the upcoming Angola Oil & Gas (AOG) Conference and Exhibition – taking place September 9–10 in Luanda with a pre-conference day on September 8. Ghezali’s participation comes at a pivotal time for Africa’s oil producers, with the anticipated June 2026 launch of the African Energy Bank (AEB) set to create new pathways for projects financing. AOG 2026 will provide a timely platform to discuss how this new institution can support projects in Angola and across the continent.

The upcoming debut of the AEB marks a turning point for Africa’s oil and gas financing landscape, creating a new, Africa-led funding institution designed to mobilize capital for strategic projects across the continent. With an initial funding target of $10 billion, the bank’s first phase will focus primarily on financing projects in Angola, Nigeria and Libya – three of Africa’s most significant oil and gas producers. By 2030, the institution is expected to raise up to $15 billion for oil and gas projects, offering a viable domestic financing solution for many countries.

For Angola, the emergence of the AEB could not come at a more critical time. With goals to sustain production above one million barrels per day (bpd), advance upstream exploration campaigns and expand downstream infrastructure, the country is pursuing innovative sources of finance to drive projects forward. While the country’s upstream market is witnessing a $70 billion investment drive, the downstream sector continues to face key challenges around finance. The Lobito Refinery – on track for a 2027 start – is currently seeking $4.8 billion to close its financing gap. With a capacity of 200,000 bpd, the facility will be Angola’s largest upon completion.

Established with an initial capitalization of $5 billion, the AEB is spearheaded by APPO and Afrexibank and is designed to finance upstream, midstream and downstream projects, prioritizing gas-to-power, refining, regional pipelines and integrated infrastructure. Headquartered in Nigeria, the bank’s “Mutual Assured Development” framework emphasizes commercial viability, sovereign benefit and local content compliance, while partnering with over 700 African financial institutions to distribute risk and crowd in private capital.

Beyond project financing, the AEB will support the listing of various African national oil companies (NOC) with a view to strengthen NOC financial capacity and support operational growth. Angola’s NOC Sonangol is preparing for a potential Initial Public Offering (IPO) in 2027, with 30% of its shares available. The IPO aims to unlock access to a wider capital pool, supporting the NOCs ongoing transition into a competitive upstream player. Platforms such as the AEB could serve as a critical launchpad for Sonangol, highlighting the value of the bank in Africa’s evolving hydrocarbon landscape.

AOG 2026 provides a strategic platform for discussions around the impact of the AEB in Africa’s oil and gas market, bringing together policymakers, project developers, financiers and operators at a time when access to capital has become one of the most important factors determining whether projects move forward. As Africa prepares to launch its first continent-wide energy financing institution, the AEB is set to become one of the most important developments in Africa’s oil and gas sector in recent years – and Ghelazi’s participation at AOG 2026 will place this conversation at the center of the event’s agenda.

– on behalf of Energy Capital & Power.

Source: APO – Report:

This World Health Day, Mercy Ships (https://MercyShips.org) proudly celebrates biomedical specialist Deborah Geneugelijk Nutsugah. Named “Humanitarian of the Year” at the 2026 Tech Choice Awards, her outstanding contribution to advancing safe surgical care in low-resource countries has been recognized on an international scale.

“This recognition is not just about me, it reflects the dedication of an entire team working behind the scenes to make surgery possible,” said Deborah. “Biomedical professionals are often invisible, but even the smallest technical issue can have serious consequences if equipment isn’t properly maintained.”

Serving on board one of the world’s largest non-governmental hospital ships, Deborah plays a critical role in ensuring that life-changing medical equipment is safe, functional and adapted to challenging environments.

“Unlike traditional hospitals, Mercy Ships operates at sea, where even the most precise medical equipment must function in a constantly moving environment. The ship is not as stable as land; it moves continuously from side to side,” Deborah explains.

Known for her ingenuity and problem-solving skills, Deborah has consistently found innovative ways to adapt and maintain complex medical equipment, ensuring uninterrupted care for patients in need. In some cases, the biomedical team must move equipment ashore for calibration or coordinate with the ship’s crew to stabilize the vessel itself.

“During delicate procedures, such as eye surgeries, even slight movement can become critical. At times, we work with the ship officers to adjust ballast systems and improve stability,” she says.

These challenges underscore a broader reality highlighted on World Health Day; access to safe healthcare depends not only on surgeons and nurses, but also on highly skilled technical professionals working behind the scenes.

This award comes alongside another major milestone in Deborah’s journey as she steps into a new role as Biomedical Service Coordinator. During Mercy Ships’ upcoming field service, Deborah and her twin sister will be serving their home country Ghana.

“Returning to Ghana in this capacity is incredible meaningful,” she shared. “To be able to contribute to strengthening healthcare in the country where we grew up is both a privilege and a responsibility.” As Deborah prepares her return, she will not be able to receive the award in person. Instead, the award will make its own journey to meet her in The Netherlands were she currently lives.

The Humanitarian of the Year Award will be formally presented during the MD Expo Baltimore on 8 April, bringing together industry leaders to celebrate innovation and positive impacts on healthcare technology. This will mark the second time that a Mercy Ships volunteer has won the award; biomedical equipment technician Emmanuel Essah received this same honor in 2024.

Mercy Ships is working in close partnership with Ghana’s Ministry of Health to deliver surgical care, training, and long-term capacity building for local healthcare professionals like Deborah in the upcoming field service.

– on behalf of Mercy Ships.

About Mercy Ships:
Mercy Ships operates hospital ships that deliver free surgeries and other healthcare services to those with little access to safe medical care. An international faith-based organization, Mercy Ships has focused entirely on partnering with African nations for the past three decades. Working with in-country partners, Mercy Ships also provides training to local healthcare professionals and supports the construction of in-country medical infrastructure to leave a lasting impact.

Each year, 2,500+ volunteer professionals from more than 70 countries serve on board the world’s two largest non-governmental hospital ships, the Africa Mercy® and the Global Mercy™. Professionals such as surgeons, dentists, nurses, health trainers, cooks, and engineers dedicate their time and skills to accelerate access to safe surgical and anesthetic care. Mercy Ships was founded in 1978 and has offices in 16 countries as well as an Africa Service Center in Dakar, Senegal.

For more information, visit https://MercyShips.org and follow @MercyShips on social media.

Source: APO – Report:

Sending money to Canada has been harder than it should be. Wire queues, unpredictable fees, days of uncertainty, whether you’re supporting family in Ontario, paying a Canadian contractor, or settling a business invoice. Starting today, Grey (https://Grey.co) users can send Canadian Dollars directly to any Canadian bank account, arriving in minutes via Interac for $3.00, or the next business day via bank transfer for $2.50. No percentage fee. No wire delays.

Canada is home to one of the world’s most diverse diaspora populations, with communities from Nigeria, India, the Philippines, and other emerging markets deeply connected to their homes. The corridor has been dominated by legacy services that charge $15-30 on a typical $500 transfer and settle in days. Grey’s flat fee and Interac delivery address both problems at once.

The Interac integration matters more than the price. Interac is the payment rail built into the daily financial life of virtually every Canadian bank account holder, the same network used for everyday domestic payments. When Grey settles through Interac, the transfer doesn’t enter a wire queue. It moves the way domestic payments do: fast, confirmed, and predictable. Recipients don’t need a new app or account. The money arrives at the bank, where they already have an account.

“Canada kept coming up. From Lagos to Mumbai to Manila, our users had someone in Canada they needed to pay, but no good way to do so. Expensive wires, slow settlement, no certainty. We fixed that,” said Idorenyin Obong, CEO and co-founder of Grey.

The service supports all Canadian banks for both personal and business accounts and joins Grey’s local-currency transfer network across 170+ destinations. Users can send from USD, EUR, GBP, or NGN balances, with individual transaction limits of $10,000 CAD and business limits of up to $100,000 CAD via bank transfer. Grey holds a Money Service Business license from FINTRAC in Canada and FinCEN in the USA.

Download the Grey app on iOS or Android, or visit https://Grey.co to send your first transfer to Canada.

– on behalf of Grey.

For all press-related inquiries, please contact:
Oyinda via
oyinda@grey.co

About Grey:
Grey is at the forefront of providing secure and convenient global banking solutions to meet the needs of customers and businesses. Grey holds a Money Service Business license from FINTRAC in Canada, and FinCEN in the USA, and our primary focus is on emerging markets. Our range of services enables individuals and businesses to easily own and manage multi-currency accounts. This includes currency exchange, sending and receiving payments to and from over 170 countries, as well as access to virtual cards.