The African Development Bank (AfDB) and Sustainable Energy Fund for Africa (SEFA) provide $40 million investment in equity platform Zafiri to accelerate renewable energy access across Africa

Source: APO – Report:

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a $40 million equity investment in Project Zafiri, a transformative equity platform and flagship initiative under Mission 300 (https://apo-opa.co/4m1ve7m). This investment will accelerate the expansion of renewable energy access across Africa.

Zafiri – jointly developed by the Bank, World Bank Group and other partners – aims to address the critical shortage of patient, longer-term equity capital needed to de-risk and scale Decentralized Renewable Energy solutions (DRE) for underserved communities across the continent.

Decentralized Renewable Energy is the fastest, most cost-effective, and sustainable way to expand electricity access in rural Africa. Unlike centralized grids, DRE solutions—such as mini-grids and stand-alone solar home systems—can be deployed quickly and affordably, even in remote or fragile areas.

Under Mission 300, which aims to connect an additional 300 million people to electricity by 2030, DRE will play a central role in ensuring no community is left behind. These decentralized systems are modular, scalable, and well-suited to the continent’s dispersed populations and geographic challenges. More than half of all new electricity connections by 2030 are expected to come from DRE.

Zafiri is structured as a Permanent Capital Vehicle with a targeted capitalization of $1 billion, raised through a phased approach. Phase 1 targets $300 million in total commitments, equally split between junior and senior equity, with junior equity serving as a key catalyst to crowd-in private sector in this higher-risk, undercapitalized market.

The African Development Bank’s $40 million contribution consists of $30 million in senior equity from its balance sheet and $10 million in junior equity from the Sustainable Energy Fund for Africa (SEFA), a multi-donor special fund managed by the Bank.

 “Zafiri is a catalytic platform that will be an integral component of the Bank’s strategy to accelerate universal access to modern energy in Africa. With just five years remaining to reach Mission 300’s goal of additional 300 million connections by 2030, this initiative provides a timely and innovative solution to scale private capital for impact,” noted Kevin Kariuki, Vice President for Power, Energy, Climate, and Green Growth at the African Development Bank.

Wale Shonibare, Director for Energy Financial Solutions, Policy, and Regulations, described Zafiri as the largest patient capital commitment to the African DRE sector to date. He said it exemplifies how structured blended financing can unlock commercial capital while delivering inclusive, climate-resilient energy access across the continent.

Project Zafiri will address the lack of longer-term equity that is constraining the growth of the DRE sector in Africa, Daniel Schroth, Director for Renewable Energy and Energy Efficiency, said, adding that by anchoring the junior equity tranche, SEFA is helping to crowd in private investment at scale.

Zafiri aligns with the Bank’s Ten-Year Strategy (2024–2033) to promote private investment in energy infrastructure, the High 5s, particularly Light Up and Power Africa, Industrialize Africa, and Improve the Quality of Life for the People of Africa, and the New Deal on Energy for Africa. It also contributes to both mitigation and adaptation goals under the Bank’s Climate Change and Green Growth Policy and Strategy and supports the objectives of SEFA and the Private Sector Development Strategy (PSDS) to mobilize equity for clean energy and energy efficiency investments. Zafiri also aligns with the Bank’s Equity Investment Framework and represents a pioneering approach to blended finance in Africa’s energy transition and a critical step toward achieving universal energy access.

– on behalf of African Development Bank Group (AfDB).

Contact:
Amba Mpoke-Bigg
Communication and External Relations Department
Email: media@afdb.org

About the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

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Empowering Women through Clean Energy: African Development Bank Launches Country Diagnostics to Accelerate Inclusive Energy Transitions

Source: APO – Report:

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In a significant step toward advancing inclusive climate solutions, the African Development Bank (www.AfDB.org), in partnership with the Climate Investment Funds (CIF) (https://apo-opa.co/44PhRQI), has launched the Gender and Renewable Energy Country Diagnostics (https://apo-opa.co/3GXAwSi)—a pivotal initiative exploring the nexus between gender equity and energy access in six African countries: Ghana (https://apo-opa.co/450VUOL), Liberia (https://apo-opa.co/44DKrFW), Mali (https://apo-opa.co/44ZZLM5), Lesotho (https://apo-opa.co/3GTIKeb), Madagascar (https://apo-opa.co/46jgk7Q), and Malawi (https://apo-opa.co/46dH5KX).

Commissioned by the Bank under CIF’s Scaling Up Renewable Energy Program, the diagnostics provide evidence-based, country-specific recommendations to enhance women’s leadership, financial inclusion, and participation in Africa’s clean energy economy. Focusing on localized, actionable solutions, the reports identify opportunities to embed gender considerations into national energy planning, investment strategies, and policy frameworks. They also propose inclusive financing models that de-risk women-led energy enterprises and highlight the need for capacity-building efforts to strengthen technical skills, entrepreneurial readiness, and leadership among women in the renewable energy sector.

The findings were officially unveiled at a virtual launch event on 30 June 2025, hosted by the Bank’s Climate Change and Green Growth Department and Gender and Women Empowerment Division. The event brought together stakeholders from government, civil society, the private sector, and development institutions, underscoring a strong regional commitment to gender-equitable and resilient energy transitions.

Opening the event, Al Hamndou Dorsouma, Manager of the Climate Change and Green Growth, reaffirmed the Bank’s commitment to a just and inclusive energy transition. “Gender equality is a source of serious innovation and sustainable growth,” he stated, emphasizing the need to translate diagnostic findings into concrete reforms, strengthening institutional coordination, and gender-responsive business and financing mechanisms. He noted that the initiative directly responds to growing country-level demand for stronger gender integration in energy strategies, building on earlier successes in East Africa.

Nathalie Gahunga, Manager of the Gender and Women Empowerment Division, closed the event with a compelling call to action. She urged governments, development partners, NGOs, financiers, and the private sector to turn the data into transformative investments, innovative programs, and inclusive policy reforms. “The real work begins now,” she declared, calling for cross-sector collaboration to remove structural barriers and unlock women’s full participation in Africa’s green economy.

Fewstancia Munyaradzi, Executive Director of Rand Sandton Consulting Group (www.RandSandton.com), presented a consolidated action plan focused on closing financing gaps, building institutional capacity, and integrating gender-responsive approaches into energy policy and project design.

At the African Development Bank, gender integration is a core priority. Gender considerations are mainstreamed in 100 percent of the Bank’s climate operations—from design through implementation. These diagnostics reflect that commitment, providing practical tools to help countries operationalize gender equality in energy planning and programming.

As Africa advances on its path to energy transformation, diagnostics are now available to guide gender-responsive policy and investment decisions across the continent. They affirm that gender inclusion is not only a development imperative but a cornerstone of sustainable, resilient progress.

This new effort builds on the Bank’s earlier collaboration with the Climate Investment Funds in 2020, which produced Gender and Sustainable Energy Access country briefs for Kenya, Rwanda, Tanzania, and Uganda (https://apo-opa.co/46MLNiY). Those briefs guided gender-sensitive energy interventions and highlighted the importance of sex-disaggregated data, national-level engagement, and context-specific recommendations.

To review the Country Diagnostic Studies on Gender and Renewable Energy, click here (https://apo-opa.co/3GXAwSi):

Ghana
(https://apo-opa.co/450VUOL)

Liberia
(https://apo-opa.co/44DKrFW)

Mali
(https://apo-opa.co/44ZZLM5)

Lesotho
(https://apo-opa.co/3GTIKeb)

Madagascar
(https://apo-opa.co/46jgk7Q)

Malawi
(https://apo-opa.co/46dH5KX)

– on behalf of African Development Bank Group (AfDB).

Media Contact:
Sonia Borrini
Climate Change & Green Growth Department
s.borrini@afdb.org

About the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

Professeur Benedict Oramah honoré pour ses longues années de service alors que Export Trading Group (ETG), TRACE, KCB et CBZ s’illustrent de belle manière aux 32e Assemblées annuelles d’Afreximbank

Source: Africa Press Organisation – French

Moment forts :

  • La troisième édition des Pan-African Business and Development Awards a reconnu et célébré les entreprises leaders sur le continent et dans la diaspora, en accord avec la volonté d’Afreximbank de promouvoir une Afrique mondiale
  • Pour avoir réussi un mandat remarquable, le Professeur Benedict Oramah, Président sortant d’Afreximbank, a reçu le prix d’ancienneté de la banque [Long Service Award], aux côtés d’autres employés.
  • Export Trading Group (ETG) a remporté le Global Africa Business leader Award 2025 pour avoir favorisé la croissance économique à travers le continent et amélioré la sécurité alimentaire
  • KCB Group Plc, Kenya et CBZ Bank, Zimbabwe ont remporté le prix Afreximbank Financial institutions Award 2025 pour les institutions bancaires disposant respectivement de plus de 500 millions de dollars US et de moins de 500 millions de dollars US de capital pour avoir joué un rôle central dans la réduction du déficit de financement du commerce en Afrique.
  • TRACE, une plate-forme multimédia dédiée au divertissement et à l’émancipation des personnes d’ascendance africaine a remporté le prix Diaspora Business of the Year pour son impact sur le renforcement des liens avec le continent et la diaspora.

La Banque Africaine d’Import-Export (Afreximbank) (www.Afreximbank.com) a organisé la troisième édition des Pan-African Business and Development Awards en association avec le Business Council for Africa (BCA) le mercredi 25 juin 2025 lors d’un dîner de gala haut en couleur auquel ont assisté plus de 400 dignitaires, dont des chefs d’entreprise et des dirigeants politiques du Nigeria, de toute l’Afrique et de la diaspora.

Les Pan-African Business and Development Awards, organisés chaque année lors des Assemblées annuelles d’Afreximbank, ont pour objectif de célébrer et de récompenser les entreprises et les institutions financières transformatrices du continent africain et de la diaspora, conformément à la vision de la banque pour une Afrique mondiale.

Export Trading Group (ETG), présente dans près de 20 pays du continent, a remporté le Global Africa Business leader Award 2025 pour avoir favorisé la croissance économique à travers le continent et amélioré la sécurité alimentaire en connectant les petits agriculteurs aux marchés régionaux et mondiaux, en améliorant les moyens de subsistance et en stimulant le commerce intra-africain, reflétant  le mandat d’Afreximbank consistant à promouvoir le commerce et la croissance économique à travers le continent. Les investissements de l’entreprise dans les infrastructures de stockage, de logistique et de transformation ont contribué à réduire les pertes après récolte et à accroître la valeur ajoutée.

TRACE, la plate-forme multimédia dédiée au divertissement et à l’émancipation des personnes d’ascendance africaine a remporté le prix Diaspora Business of the Year pour son impact sur le renforcement des liens avec le continent et la diasporaux àtravers le divertissement. Sa mission est de promouvoir l’identité africaine à travers la musique, l’éducation et la narration. La plateforme TRACE rejoint et soutient plus de 5 000 artistes et 1 000 marques chaque année. Elle emploie des centaines de personnes à travers l’Afrique, générant des centaines de millions de dollars US en valeur.

Deux géants bancaires ont été récompensés par l’Afreximbank Financial institutions Award2025. KCB Group Plc, la plus grande banque du Kenya en termes d’actifs, a remporté le prix décerné aux institutions bancaires disposant d’un capital supérieur à 500 millions de dollars US, tandis que CBZ Bank, également la plus grande banque du Zimbabwe, a remporté le prix Afreximbank Financial Institutions Award-2025 décerné aux institutions bancaires disposant d’un capital inférieur à 500 millions de dollars US.

KCB, qui a remporté le prix dans la même catégorie en 2024, a été récompensée pour avoir facilité le financement du commerce local et transfrontalier grâce à divers produits et pour avoir atténué les risques inhérents au commerce pour le compte de ses clients. L’une des premières banques d’Afrique de l’Est à avoir favorisé l’inclusion financière et la croissance économique, KCB s’est positionnée comme un catalyseur permettant aux entreprises et aux consommateurs d’effectuer des transactions efficaces au-delà des frontières africaines.

CBZ Bank du Zimbabwe a joué un rôle central dans la réduction du déficit de financement du commerce en Afrique en tirant parti de partenariats stratégiques, en introduisant des produits innovants et en mettant en œuvre une vision panafricaine globale. Lors des 31es Assemblées annuelles d’Afreximbank qui se sont tenues à Nassau, aux Bahamas, l’année dernière,  CBZ Bank et Afreximbank ont signé deux  accords (https://apo-opa.co/44ZDCxm) d’un montant de 80 millions de dollars US, comprenant une ligne de crédit de 60 millions de dollars US et une facilité de 20 millions de dollars US dans le cadre du Programme de facilitation du commerce d’Afreximbank (AFTRAF), signe de leur collaboration continue visant à promouvoir le développement économique.

S’exprimant au nom du Professeur Benedict Oramah, Président d’Afreximbank et du Conseil d’administration de la Banque, Denys Denya, premier Vice-président exécutif de la Banque,  a déclaré : « Cette cérémonie de remise des prix est notre façon de remercier tous ceux qui, quelle que soit l’importance ou la portée de leur rôle, ont contribué à faire avancer le développement en Afrique. Je voudrais profiter de cette occasion pour vous féliciter. Avec ces prix, nous réaffirmons notre engagement envers l’objectif commun de transformer l’économie africaine et de restaurer la dignité des Africains, quelle que soit leur situation géographique ».

Arnold Ekpe, ancien Directeur général du groupe Ecobank Transnational Incorporated et Président de la BCA, a souligné dans son discours l’importance de reconnaître et de célébrer les institutions qui contribuent au développement de l’Afrique, ce qui, selon lui, « est devenu l’essence même d’Afreximbank ».

L’un des moments forts de la cérémonie de remise des prix a été la distinction de quatre membres du personnel d’Afreximbank pour leurs 25 à 30 ans de service dévoué. Parmi ce groupe prestigieux figurait le Professeur Benedict Oramah, qui a été honoré pour ses plus de trois décennies passées au sein de la banque, dont dix ans à la tête de celle-ci en tant que Président d’Afreximbank et du conseil d’administration de la Banque.

En remettant le prix d’ancienneté au Professeur Oramah, Wale Edun, Ministre nigérian des Finances et Ministre coordinateur de l’Économie, a déclaré : « Ce soir, nous célébrons non seulement une carrière remarquable, mais aussi un parcours transformateur qui s’étend sur trois décennies. Sous votre direction, la banque n’a pas seulement pris de l’ampleur, elle a pris un envol fulgurant, en défendant des stratégies qui ont profondément remodelé le commerce et le développement à travers l’Afrique. Le Nigeria est extrêmement fier de vos réalisations, de votre leadership et de votre engagement sans faille en faveur de la prospérité économique de notre continent. Vous êtes un véritable fils du pays, un exemple brillant de ce que le dévouement et la vision peuvent accomplir ».

Les Pan-African Business and Development Awards sont organisés par Afreximbank en collaboration avec la BCA. La série de prix a été lancée en 2023 pour récompenser les organisations et les dirigeants qui incarnent l’esprit panafricain en montrant la voie à suivre dans la création d’entreprises transfrontalières substantielles et transformatrices.

Distribué par APO Group pour Afreximbank.

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Professor Benedict Oramah recognised for long service as Export Trading Group (ETG), TRACE, KCB and CBZ toast award success at 32nd Afreximbank Annual Meetings

Source: APO – Report:

Key Highlights

  • The third edition of the Pan-African Business and Development Awards has recognised and celebrated leading businesses on the continent and in the diaspora in alignment with Afreximbank’s push for a promotion of a Global Africa
  • Marking his distinguished tenor, Professor Benedict Oramah, outgoing Afreximbank President, was honoured with the Bank’s Long Service Award alongside other employees
  • Export Trading Group (ETG) won the Global Africa Business Leader Award 2025 for fostering economic growth across the continent and enhancing food security
  • KCB Group Plc, Kenya and CBZ Bank, Zimbabwe emerged winners of the Afreximbank Financial Institutions Award 2025 for banking institutions with more than $500m and less than $500m capital respectively for having played a pivotal role in bridging the trade finance gap in Africa.
  • TRACE, a multimedia platform dedicated to the entertainment and empowerment of people of African descent won the Diaspora Business of the Year Award for their impact in strengthening continental and diaspora ties.

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) hosted the third edition of the Pan-African Business and Development Awards in association with the Business Council for Africa (BCA) on Wednesday June 25, 2025, at a colourful Gala Dinner attended by more than 400 dignitaries including business and political leaders from Nigeria, across Africa and the diaspora.

The Pan-African Business and Development Awards, held annually during the Afreximbank Annual Meetings, are designed to celebrate and recognise transformative businesses and financial institutions within the African continent and in the diaspora in keeping with the Bank’s vision for a Global Africa.

Export Trading Group (ETG), operational in nearly 20 countries on the continent, won the Global Africa Business Leader Award, 2025 for fostering economic growth across the continent and enhancing food security by connecting smallholder farmers with regional and global markets, improving livelihoods and boosting intra-African trade, reflecting Afreximbank’s mandate of fostering trade and economic growth across the continent. The company’s investments in storage, logistics, and processing infrastructure have helped reduce post-harvest losses and increased value addition.

This year, TRACE, the multimedia platform dedicated to the entertainment and empowerment of people of African descent, won the Diaspora Business of the Year award for its impact in strengthening continental and diaspora ties through the vehicle of entertainment. Its mission is to uplift African identity through music, education, and storytelling. TRACE’s platforms reach and support over 5,000 artists and 1,000 brands annually. It employs hundreds across Africa, contributing hundreds of millions of dollars in value.

Two banking giants were recognised in the Afreximbank Financial Institutions Award2025. KCB Group Plc, Kenya’s largest bank by assets emerged winner of the award for banking institutions with more than $500m capital while CBZ Bank, also Zimbabwe’s largest Bank emerged winner of the Afreximbank Financial Institutions Award-2025 for banking institutions with less than $500m capital.

KCB, which won in the same category in 2024, was recognised for facilitating local and cross-border trade finance through various products as well as mitigating risks inherent in trade on behalf of its customers. One of the first East African banks to enhance financial inclusion and economic growth, it has positioned itself as an enabler for businesses and consumers to transact efficiently across African borders.

CBZ Bank from Zimbabwe has played a pivotal role in bridging the trade finance gap in Africa by leveraging strategic partnerships, introducing innovative products, and executing a comprehensive pan-African vision. During the 31st Afreximbank Annual meetings held in Nassau, The Bahamas last year, CBZ Bank and Afreximbank inked two deals (https://apo-opa.co/44ZDCxm) totalling $80 million consisting of US$60 million line of credit and $20 million Afreximbank Trade Facilitation Programme (AFTRAF) facility signalling their continued collaboration aimed at promoting economic development.

In a speech delivered on behalf of Professor Benedict Oramah, President and Chairman of Board of Directors at Afreximbank, the Bank’s Senior Executive Vice President, Denys Denya, said: “This Awards event is our way of saying thank you to everyone who, regardless of size or significance of your role, has contributed to furthering the course of development in Africa. I would like to take this opportunity to congratulate you. With these awards, we reaffirm our commitment to the shared goal of transforming the African economy and restoring the dignity of Africans, regardless of their geographic location.”

Arnold Ekpe, former group CEO of Ecobank Transnational Incorporated and chair of the BCA, in his remarks, commented on the importance of recognising and celebrating institutions that contribute to Africa’s development, which he said, “has become the defining essence of Afreximbank.”

A major highlight of the awards ceremony was the recognition of four long serving Afreximbank staff members for their dedicated service of between 25 and 30 years. This esteemed group included Professor Benedict Oramah who was honoured for over three decades at the Bank with ten years spent at the helm as President and Chairman of Board of Directors.

Presenting the long service award to Prof. Oramah, Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy said: “Tonight, we acknowledge not just a remarkable career, but a transformative journey spanning three decades. Under your leadership, the bank hasn’t just scaled; it has soared, championing strategies that have fundamentally reshaped trade and development across Africa. Nigeria is incredibly proud of your achievements, your leadership, and your unwavering commitment to the economic prosperity of our continent. You are a true son of the soil; a shining example of what dedication and vision can accomplish.”

The Pan-African Business and Development Awards are hosted by Afreximbank in association with the BCA. The awards series was launched in 2023 to recognise those organisations and leaders that epitomise the pan-African spirit by leading the way in building substantive and transformative cross-border businesses.

– on behalf of Afreximbank.

Media Contact:
Vincent Musumba
Communications and Events Manager (Media Relations)
Email: press@afreximbank.com

Follow on Social Media: 
X: https://apo-opa.co/4nVC0NN
Facebook: https://apo-opa.co/44SE54f 
LinkedIn: https://apo-opa.co/459VM0t 
Instagram: https://apo-opa.co/44WtHZo

About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

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African Special Mining Report Launches Ahead of the African Mining Week (AMW) 2025

Source: APO – Report:

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Energy Capital & Power (ECP) (https://EnergyCapitalPower.com/), in partnership with global accounting, audit and advisory network Moore Global, is proud to launch the African Special Mining Report 2025, a definitive analysis of Africa’s mining landscape released in support of African Mining Week (AMW).

As the world accelerates toward a low-carbon, high-tech future, Africa is emerging as a critical player in global mineral supply chains. This timely publication captures the continent’s rising profile as a destination for strategic mineral investment – from copper and cobalt to lithium, gold, graphite and iron ore – while providing deep, actionable insight into the trends, policy shifts and financing structures shaping the future of mining across Africa.

Produced as an official knowledge product of AMW 2025, the report connects directly to the platform’s mission of driving capital, partnerships and industrial development across Africa’s mining value chain. With extensive contributions from Moore Global’s energy, mining and renewables experts, the report draws on decades of experience advising clients in Africa and globally, offering forward-looking perspectives on ESG compliance, climate finance, regulatory reform and capital mobilization for mining ventures.

The report explores Africa’s renewed strategic importance in global mineral supply chains, spotlighting developments such as the copper resurgence in Zambia and the DRC, the return of private equity to the continent’s mining sector and the persistent logistics challenges impacting offtake reliability. It also examines how ESG metrics are increasingly being monetized, how climate finance is reshaping the feasibility of mining projects and how the integration of renewables is redefining operational best practices. Alongside these forward-looking insights, the report provides a clear-eyed view of the regulatory landscape, analyzing sovereign policy shifts, beneficiation mandates and the evolving capital environment for both junior and major mining companies.

“This report is about more than trends – it’s about where the African mining sector is headed, who is driving the shift and how the global investment landscape is responding. It also underscores AMW’s unique role in anchoring high-level dialogue and dealmaking around these developments. We’re proud to partner with Moore Global to deliver a resource that informs, challenges and empowers decision-makers across the mining ecosystem,” stated Rachelle Kasongo, AMW Conference Director.

The African Special Mining Report 2025 is now available digitally (https://apo-opa.co/44BbrWu). 

– on behalf of Energy Capital & Power.

For media inquiries, interview requests or report access, please contact:
communications@energycapitalpower.com

WomenIN Festival Unveils 2025 Theme: “LIMITLESS: No Labels. No Limits. No Apologies”

Source: APO – Report:

The WomenIN Festival, Africa’s definitive gathering of women from across industries, sectors, and stages of life, is thrilled to announce its official theme for 2025:

LIMITLESS: No Labels. No Limits. No Apologies.

This year’s theme is more than a slogan — it’s a declaration. A rallying cry for women who are no longer asking for permission. She’s not fitting in — she’s standing out, showing up, and shaking the world.

The sub-themes set the tone for a celebration of authenticity, boldness, and multidimensional brilliance.
 It’s about embracing your full self — in business, in leadership, in creativity, and in life.

Save the Date:
13–14 November 2025
Newlands Cricket Ground, Cape Town, South Africa

WomenIN Festival 2025 will once again unite trailblazers, thought leaders, creatives, entrepreneurs, and change-makers for a powerful two-day experience filled with:

  • Inspiring keynotes and fireside conversations
  • Transformative networking
  • Immersive activations and curated spaces
  • Unapologetic celebration and connection

From boardrooms to grassroots, innovation hubs to social impact spaces — this is where Africa’s boldest women connect, collaborate, and thrive.

“LIMITLESS is not just our theme — it’s a mindset. It’s about dismantling outdated labels and owning the fullness of who we are, as women leading across industries, cultures, and communities. At WomenIN, we’re building a global movement that recognises and celebrates every woman’s power to rewrite the rules, reimagine her future, and rise.”
 – Naz Fredericks-Maharaj, Director: WomenIN Portfolio

Whether you’re building your legacy, launching your vision, or reimagining your next chapter — this is your invitation to do it limitlessly.

Tickets are now available at www.WeAreWomenIN.com and start at just R1499

– on behalf of VUKA Group.

Festival ticket page:
https://apo-opa.co/4kWqGhO

Partnerships & speaking opportunities: 
nazlee.fredericks@wearevuka.com

Hashtags:
#WomenINFestival #Limitless2025 #NoLabelsNoLimitsNoApologies #WeAreWomenIN

WomenIN (WiN): Empowering Women, Breaking Barriers, Creating Impact:
WomenIN is a powerful cross-sector movement that connects, inspires, and uplifts women across Africa through collaboration, leadership, and sustainable development. From energy and mobility to retail, gaming, and the green economy, WiN is driving real change by building inclusive ecosystems where women can thrive.

Through a range of in-person gatherings, digital content, workshops, and sector-specific initiatives, WomenIN provides a trusted platform for female professionals, entrepreneurs, changemakers, and allies to grow together, break silos, and co-create solutions for Africa’s future. With a strong focus on capacity building, leadership development, and market access for female-owned businesses, WomenIN is building a legacy of impact for generations to come.

Whether you’re a corporate, NPO, SMME, or individual changemaker, there is space for you at the table—because we win when we WiN together.

For more information, please visit: www.WeAreWomenIN.com or contact our team at info@wearewomenin.com.

ABOUT VUKA Group:
VUKA Group brings people and organisations together to connect with information and each other in meaningful conversations that drive growth and transformation across Africa’s industries. With 20+ years of experience on the continent, the group delivers sector-leading platforms across Energy, Mining, Smart Mobility, Transport, Retail, and Women Empowerment.

The WomenIN (WiN) portfolio is a flagship initiative of VUKA Group, championing gender inclusivity and creating opportunities for women to lead, influence, and innovate across sectors. With a proudly African team and a commitment to sustainable development, VUKA is creating a future where everyone has the opportunity to rise.

Learn more at: www.WeAreWomenIN.com

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Fair trade is a key cog in global economy

Source: Government of South Africa

Amidst the global economy facing heightened uncertainty and complex challenges, the Deputy Minister of Finance, Dr David Masondo, has emphasised the importance of fair trade.

The global economy is experiencing ongoing wars and conflicts, geopolitical and trade tensions, disruptions to global supply chains, high debt levels, and frequent extreme weather events and natural disasters, which affect economic growth, financial and price stability.

To address the existing and emerging risks to the global economy, the Group of Twenty (G20) Finance Ministers and Central Bank Governors (FMCBG) meeting that was held in Durban this week, pledged to strengthen multilateral cooperation to address existing and emerging risks to the global economy.

The meeting also recognised the importance of the World Trade Organisation (WTO) to advance trade issues and the agreed-upon rules in the WTO as an integral part of the global trading system. 

It also recognised that the WTO has challenges and needs meaningful, necessary, and comprehensive reform to improve all its functions, through innovative approaches in order to be more relevant and responsive in light of today’s realities.

“We are living in a globalised economy. Multinational companies are producing in different sovereigns in geographic spaces and as they produce you don’t want them to find it difficult to have access to markets.

“If it is difficult for them to get access to the market, they are not going to realise profits and they won’t reinvest into the growth of the economy. This meeting emphasised that it [is]important for us to be a rules-based world. It’s important for us to run our global economy through multilateral platforms,” the Deputy Minister said on Friday at a media briefing held at the conclusion of the FMCBG.

WATCH | Closing media briefing

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The Ministers and Governors agreed to bolster long-term growth potential by pursuing growth-oriented macroeconomic policies, while building fiscal buffers, ensuring fiscal sustainability, encouraging public and private investments, undertaking productivity-enhancing reforms and safeguarding central bank independence to maintain price stability.

“Structural reforms are essential for generating strong economic growth and creating more and better jobs.

“All excessive imbalances should be further analysed by the International Monetary Fund (IMF) and, if necessary and, without discrimination, addressed through country-specific reforms and multilateral coordination, in a way that contributes to an open global economy and without compromising sustainable global growth,” the FMCBG communique said.

Central banks affirmed a strong committed to ensuring price stability, consistent with their respective mandates and will continue to adjust their policies in a data-dependent manner. 

“Central bank independence is crucial to achieving this goal,” the communique said. 

Meanwhile, members of the G20 have pledged to address the mounting debt pressures in low and middle-income economies amid global financial turbulence.

READ | G20 members commit to addressing debt vulnerabilities

This as developing and emerging economies – particularly those in Africa – are grappling with high and rising debt vulnerabilities, shrinking fiscal flexibility and high borrowing costs.
SAnews.gov.za
 

G20 members commit to addressing debt vulnerabilities

Source: Government of South Africa

Members of the G20 have pledged to address the mounting debt pressures in low and middle-income economies amid the global financial turbulence.

This is according to Deputy Finance Minister Dr David Masondo who addressed a media briefing on Friday following the third G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting held in Kwa-Zulu Natal this week.

Developing and emerging economies – particularly those in Africa – are grappling with high and rising debt vulnerabilities, shrinking fiscal flexibility and high borrowing costs.

“[Members]…reaffirmed their commitment to further strengthen the implementation of the G20 Common Framework. To give effect to this, the G20 FMCBG endorsed the G20 Note on Lessons Learned from the Initial Common Framework Cases and the G20 Note on Steps of a Debt Restructuring under the Common Framework.

“These documents have been published on the G20 website. In addition, fact sheets on the Common Framework country cases for Chad, Zambia and Ghana have also been published on the G20 and Paris Club websites to improve information sharing,” he said.

WATCH | Closing media briefing

[embedded content]

In further discussions, the members also acknowledged the G20 Note on Special drawing rights [SDRs] which, the Deputy Minister said, “highlights the achievement of exceeding $100 billion in voluntary channelling of SDRs or equivalent contributions for countries in need.”

The pledges to this currently stand at some $113.8 billion coming from 35 countries. 

“Members also underscored the need for enhancing the representation and voice of developing countries in decision-making in MDBs [Multilateral Development Banks]and other international economic and financial institutions.

“Members recognised the relative resilience of capital flows in Emerging Market and Developing Economies [EMDEs] despite heightened global policy uncertainty – underscored by strong macroeconomic fundamentals and sound policy frameworks.

“They also highlighted the growing influence of non-bank financial institutions [NBFIs] and stressed the importance of gaining a deeper understanding of their impact on these flows. Members further emphasised the significance of structural reforms in fostering long-term sustainable capital flows to EMDEs,” said the Deputy Minister.

Energy transitions

Regarding energy transitions, Masondo said during the meeting, Ministers and central bank Governors considered key recommendations for “enhancing collaboration among Vertical Climate and Environment Funds, Multilateral Development Banks, National Development Banks and the private sector”.

“Members reaffirmed the urgency of scaling up financing for adaptation and just transitions and reflected on key recommendations emerging from a comprehensive analysis undertaken by multiple knowledge partners. These included guidance on integrating adaptation into voluntary transition planning, addressing insurance protection gaps, scaling financing mechanisms, and strengthening enabling environment.

“[They] also received an update on the work of the Climate Data Steering Committee, which has developed a set of principles for the development of a Common Carbon Credit Data Model aimed at promoting interoperability and improving transparency of carbon markets. 

“They noted that the draft data model is currently undergoing a public consultation with both the private and public sectors,” the Deputy Minister said.

The full communique of the third FMCGB meeting is available at https://www.treasury.gov.za/comm_media/press/2025/3rd%20G20%20FMCBG%20Communique.pdf and on the g20.org website. 

READ | Fair trade is key cog in global economy 

The Third Meeting of the G20 Finance Ministers and Central Bank Governors (FMCBG) took place on 17 and 18 July 2025 in Durban.

READ | Global challenges require ‘bold, cooperative leadership’ – Godongwana

The National Treasury and the South African Reserve Bank are jointly responsible for overseeing the work of the G20 Finance Track under the co-chairship of Finance Minister Enoch Godongwana and Reserve Bank Governor Lesetja Kganyago.
SAnews.gov.za

Key industry support for C&I Energy + Storage Summit Zambia 2025

Source: APO

The C&I Energy + Storage Summit Zambia (https://apo-opa.co/3IzeiGS), a landmark event for the Southern African Development Community (SADC) region, is set to launch on 27-28 August 2025 at The Pamodzi Hotel in Lusaka.

The C&I Energy + Storage Summit Zambia introduces a dynamic platform to tackle energy challenges and deliver sustainable solutions for Zambia’s commercial and industrial (C&I) sectors. As part of the Power and Energy Portfolio of VUKA Group, a leading organiser of transformative industry events across Africa, this Summit will drive the SADC region’s energy future.

“The region has the potential to respond to the demand for sustainable energy. It is undisputable that the SADC region can do better. But what we lack in our region is collaboration”, says Mr Makozo Chikote, Zambia Minister of Energy.

Endorsements, Partners, and Sponsors

The Summit is proudly endorsed by key industry associations and supported by a robust network of partners and sponsors committed to advancing Zambia’s energy landscape. Zambia Ministry of Energy, Zambia Development Agency (ZDA), Zambia Association of Manufacturers (ZAM), and the Pan African Chamber of Commerce and Industry (PACCI) have partnered with the event, which underscores C&I Energy + Storage Summit Zambia’s role in promoting policy advocacy, technology adoption, and investment in renewable energy. ZESCO is the proud host utility of the Summit, and they are joined by key sponsors such as Enerj, Hexing, WEG, and Vertiv.

Advisory board comprising influential industry stakeholders

Guiding the Summit’s direction is a distinguished Advisory Board of industry experts and thought leaders who shape the programme to address pressing challenges in commercial and industrial energy security. https://Energy-StorageSummit.com Board members include:

  • Ian Griffiths, Solar and Hydro Projects Developer
  • Johnstone Chikwanda, Global Ambassador of Energy and Climate Change, Forum of African Traditional Authorities (FATA)
  • Mbiko Banda, Electrical Engineer and Research Lead, Africa GreenCo
  • Rodgers K. Muyangwa, Senior Manager Research and Pricing – Economic Regulation, Energy Regulation Board
  • Rose Chikotola-Sichizya, Co-ordinator, Proudly Zambian Campaign
  • Liana Braxton, Managing Director, Sosimple Energy
  • Chimuka Nketani, Director: Investment, Zambia Development Agency
  • Brian Tahinduka, Energy Head: Africa Regions, Standard Bank

Their expertise ensures sessions are relevant, informative, and aligned with stakeholder needs.

Confirmed speakers

The Summit features speakers who bring real-world experience from across the energy value chain, including pioneers in embedded generation, PPAs, and Zambia’s open-access framework. Notable speakers include:

  • Billy Onyango, Renewable Energy Consultant, Kenya Power
  • Chabuka Kawesha, Chairperson, Vice President (South Block), Pan African Chamber of Commerce and Industry
  • Chikoma Kazunga, Head of Business Development and New Ventures, Africa GreenCo
  • Helen Zulu, Country Director, ENGIE Energy Access Zambia

These experts will share stories, challenges, and lessons learned to help attendees futureproof operations, secure financing, and scale clean energy solutions.

Contact Babalwa Bungane for speaking opportunities at the Summit: Babalwa.bungane@wearevuka.com

Download the Programme (https://apo-opa.co/4lL3LXN)

Complimentary access for pre-qualified C&I project owners

Designed for businesses grappling with unreliable utility power, load-shedding, price volatility, and operational pressures, the Hosted Buyer Programme connects participants directly with solution providers active in Zambia and the region, enabling peer-to-peer networking, insights from real-world implementations, and updates on regulatory changes, financing tools, and emerging technologies.

Who Should Apply?

  • Commercial and industrial companies
  • Large energy users
  • Energy project owners and buyers

Enquire about the Hosted Buyer Programme here: https://apo-opa.co/4fgxw0p

Why Attend?

This Summit is essential for businesses facing unreliable utility power and pursuing energy independence. Through masterclasses, case studies, and networking, participants will explore alternative energy and storage technologies to secure reliable energy, learn from early adopters about successful project execution, gain insights into regulatory frameworks and policy advocacy, mitigate financial and technical risks with expert advice, and build partnerships to accelerate project development.

This event is critical for Zambia’s C&I sectors, which depend on effective energy solutions. Key industries include retail, powering stores and supply chains consistently; manufacturing, ensuring stable energy for production; agriculture and agri-processing, supporting irrigation and processing; property development, enabling sustainable buildings; and energy-intensive users, stabilising operations for mining and industry.

Join Us

Seize this opportunity to elevate your energy strategy, engage with top providers, and shape the future of Zambia and the SADC region. Whether a sponsor, delegate, hosted buyer, or investor, the C&I Energy + Storage Summit Zambia offers unmatched value.

Register for the event (https://apo-opa.co/4lxHyMH)

Distributed by APO Group on behalf of VUKA Group.

For sponsorship or hosted buyer enquiries, contact:
Marcel du Toit
marcel.dutoit@wearevka.com

About VUKA Group:
As part of the Power and Energy Portfolio of VUKA Group (https://apo-opa.co/450xGnN), this Summit aligns with VUKA’s mission to connect industries, spark innovation, and fuel economic growth. VUKA Group is a premier organiser of conferences, exhibitions, and events across Africa, delivering tailored platforms for networking, knowledge sharing, and business development in energy and related sectors.

Media files

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Perspectives économiques de l’Afrique 2025 : la Banque africaine de développement présente son Rapport-pays sur la République démocratique du Congo

Source: Africa Press Organisation – French


Le bureau pays du Groupe de la Banque africaine de développement (www.AfDB.org) en République démocratique du Congo a présenté officiellement son Rapport-pays 2025 pour la RDC, dans le cadre des publications nationales issues de son rapport annuel phare : les Perspectives économiques en Afrique.

Placée sous le thème « Tirer le meilleur parti du capital de la République démocratique du Congo pour favoriser son développement », la présentation du rapport a eu lieu, le 10 juillet 2025, à l’Hôtel Hilton Kinshasa, en présence d’une centaine de participants parmi lesquels des représentants des institutions publiques, du secteur privé, des partenaires techniques et financiers, des organisations de la société civile et des universitaires.

Outre le vice-Premier ministre, ministre du Plan et de la Coordination de l’aide au développement, représenté par son Secrétaire général Daniel Epembe Mosango, et la vice-ministre des Finances, O’Neige N’Sele, l’événement a enregistré la participation du ministre des Mines, Kizito Pakabomba, du Premier vice-gouverneur de la Banque centrale du Congo William Pambu Pambu, et de la deuxième vice-présidente de la Fédération des entreprises du Congo Eliane Munkeni Kiekie.  Le représentant résident du Fonds monétaire international en RDC, René Tapsoba, et le coordonnateur résident des Nations unies en RDC, Bruno Lemarquis, ainsi que d’autres partenaires techniques et financiers étaient également présents.

Une croissance résiliente malgré les défis structurels

Selon le rapport, la croissance économique de la RDC a atteint 6,5 % en 2024, essentiellement soutenue par le dynamisme du secteur minier. Pour 2025, la croissance est projetée à 5 %, et à 5,3 % en 2026. Le rapport note également la décélération de l’inflation, qui est passée de 19,9 % en 2023 à 17,9 % fin 2024 et devrait s’établir à 8,8 % 2025, traduisant une meilleure coordination des politiques économiques.

Toutefois, la RDC reste confrontée à des déficits budgétaires et courants persistants, à une faible mobilisation des ressources fiscales avec un taux de pression fiscale à 13,6 % du PIB et à un accès limité aux infrastructures de base.

Le rapport souligne que le capital naturel de la RDC est estimé à 858 milliards de dollars, dont 56 % sont constitués d’actifs renouvelables. Toutefois, plus de 74 % de la population vit toujours avec moins de 2,15 dollars par jour et l’indice de développement humain reste faible (0,481 en 2022), confirmant la nécessité d’approfondir les réformes.

Au nom du ministre des Finances, la vice-ministre des Finances, a salué la pertinence de ce rapport pour guider la RDC dans ses ambitions économiques et sociales.

« Aucun succès en matière économique ne peut se réaliser sans un minimum de rigueur ainsi qu’une bonne gouvernance et une cohérence des politiques publiques formulées sur la base d’évidences scientifiques. », a-t-elle déclaré.

Elle a réaffirmé l’engagement du gouvernement à poursuivre les réformes pour renforcer la résilience de l’économie congolaise et faire de la RDC un pôle de stabilité économique et de croissance durable en Afrique.

Des recommandations concrètes pour renforcer la résilience économique

Le rapport recommande d’accélérer la diversification économique en renforçant les réformes budgétaires et structurelles, les infrastructures, le secteur financier et en améliorant la gestion du capital naturel et humain. Il plaide pour un renforcement du cadre institutionnel avec l’accélération de la digitalisation du service public, une lutte accrue contre la corruption, une meilleure valorisation des ressources humaines et naturelles.

« Le potentiel de la RDC est immense et la dynamique de croissance est bien enclenchée. Il reste maintenant à accélérer la mobilisation des ressources, renforcer la gouvernance et améliorer l’efficacité de la dépense publique. Ce sont des leviers essentiels pour libérer pleinement ce capital et accompagner durablement le développement du pays », a déclaré Olivier Manlan, économiste-pays de la Banque africaine de développement pour la RDC.

Les rapports pays de la Banque africaine de développement sont une déclinaison à l’échelle nationale des analyses continentales des Perspectives économiques en Afrique 2025. Ce document évalue la performance économique des 54 pays africains et leurs perspectives de croissance, en analysant les dynamiques économiques, les défis structurels et les priorités stratégiques.

Le rapport continental a été publié en mai 2025, lors des Assemblées annuelles du Groupe de la Banque à Abidjan, sous le thème « Tirer le meilleur parti du capital de l’Afrique pour favoriser son développement ».

L’économiste pays de la Banque en RDC, a rappelé que le rapport constitue un outil stratégique d’aide à la décision pour soutenir le dialogue entre la Banque, les autorités congolaises et les partenaires au développement. Il a souligné que l’exploitation optimale du potentiel naturel, humain et financier de la RDC demeure un levier essentiel pour asseoir une croissance inclusive et durable dans un contexte mondial de plus en plus contraignant.

Distribué par APO Group pour African Development Bank Group (AfDB).

Contact médias :
Solange Kamuanga-Tossou
chargée principale de la communication régionale pour l’Afrique centrale
media@afdb.org

À propos du Groupe de la Banque africaine de développement :
Le Groupe de la Banque africaine de développement est la principale institution de financement du développement en Afrique. Il comprend trois entités distinctes : la Banque africaine de développement (BAD), le Fonds africain de développement (FAD) et le Fonds spécial du Nigeria (FSN). Représentée dans 41 pays africains, avec un bureau extérieur au Japon, la Banque contribue au développement économique et au progrès social de ses 54 États membres régionaux. Pour plus d’informations: www.AfDB.org