Africa’s Green Economy Summit (AGES) 2026 delivers definitive roadmap to turn Africa’s climate ambition into bankable, scalable reality

Source: APO – Report:

Africa’s Green Economy Summit (AGES) 2026 concluded in Cape Town with a resounding call to action, urging the continent to leverage its digital revolution, transform water financing and redesign agriculture to unlock a sustainable, net-zero future. The four-day platform united over 600 delegates from 42 countries, including global investors, project developers and policymakers. The consensus was clear that with sound policies and financial innovation, Africa can convert its climate vulnerabilities into economic opportunity.

Pioneering new models for climate finance

The summit opened with a focus on innovative finance for nature, exploring green, blue, and wildlife bonds, including the “Rhino Bond” and emerging biodiversity credits. A key lesson was the importance of engaging communities as core stakeholders, not merely beneficiaries.

Carl Roothman, CEO of Sanlam Investment Group, stressed the urgency of scale: “Africa needs billions of dollars. It’s great to dream, but we must act and at scale.” Iain Banner, co-founder of Go Green Africa and AGES, framed the shift as fundamental: “The green and blue economies are the new operating systems of the modern world.”

Government calls for practical collaboration

Deputy Minister of Forestry, Fisheries and Environment, Narend Singh, set a pragmatic tone: “This is where the rubber hits the road.” He emphasised moving from policy to tangible results, citing South Africa’s Just Energy Transition Partnership (JETP) and renewable energy procurement programme as examples. Singh urged African nations to move beyond exporting raw materials: “A low-hanging fruit is developing local value chains and beneficiating minerals here, creating jobs and advancing technology.”

A digital imperative for climate action

Integrating climate goals with digital transformation emerged as a central theme. Siddhartha Raja, Senior Digital Specialist at the World Bank, noted that data centres could act as “anchor loads” to stimulate new renewable energy but warned that climate resilience must be designed in from the start. From flood-proofing to managing e-waste, which could spawn new recycling industries.

Chrissy Meier of the Digital Impact Alliance highlighted a critical gap, noting that most African cities have climate plans but lack local data for implementation. She cautioned against AI models trained on non-African data, which risk missing the realities of African communities. Raja’s advice: “Carpe Digital, seize the digital to make economies more efficient, inclusive, and greener.”

Making water infrastructure bankable

A high-level panel tackled the perception that water projects are uninvestable. Obadiah Mungai of the World Resources Institute Africa argued the real issue is translation: “How do you convert water outcomes into bankable outputs?” Fixing governance and data is the first step to attracting capital.

Louise Stafford of The Nature Conservancy cited Cape Town’s post-“Day Zero” investment in catchment restoration, which proved far more cost-effective than desalination. “There is a bigger risk in business as usual than in investing in water,” she said. The panel concluded that with robust preparation and blended finance, water resilience can become an attractive asset class.

Strengthening food security through renewable energy

Energy instability directly threatens food systems, without reliable power, irrigation fails and cold chains break. Henry Roman of the International Water Management Institute called for a holistic approach to the water-energy-food nexus, showcasing data tools helping farmers optimise water use.

Ian de Jager of I&F Engineering noted a new trend: farmers becoming energy producers, using small-scale hydropower to power operations and sell excess renewable energy certificates. Andrea Campher of Standard Bank added that with the Carbon Border Adjustment Mechanism (CBAM) now in effect, a farmer’s emissions profile is as critical as product quality. “Renewable energy strengthens ESG credibility,” she said.

AGES 2026 has laid the cornerstone for a resilient green economy, proving that when climate goals are woven into the continent’s core systems, ambition transforms into tangible progress. The next summit takes place 17-19 March 2027 in Cape Town.

– on behalf of VUKA Group.

About Africa’s Green Economy Summit (AGES): 
Africa’s Green Economy Summit (AGES) is a premier pan-African platform dedicated to accelerating Africa’s transition to a sustainable, inclusive, and climate-resilient economy. Hosted by VUKA Group, AGES brings together policymakers, investors, project developers, innovators and business leaders to unlock green finance, scale bankable projects, and drive actionable solutions across energy, mobility, infrastructure, agriculture, water, waste, and the blue economy. Through high-level content, deal-making opportunities, and strategic networking, AGES turns ambition into action for Africa’s green future.

About VUKA Group: 
VUKA Group brings people and organisations together to connect through platforms that drive growth and transformation across Africa’s key industries. With over 20 years of experience on the continent, VUKA delivers sector-leading platforms across Energy, Mining, Mobility, Retail, Sustainability, and Women Empowerment – creating spaces where knowledge is shared, partnerships are formed, and real economic impact is achieved.

For more information, visit: www.GreenEconomySummit.com

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Le Fonds fiduciaire pour le développement des marchés de capitaux de la Banque africaine de développement soutient le renforcement des capacités de la Caisse des dépôts et consignations du Bénin

Source: Africa Press Organisation – French

La Banque africaine de développement (www.AfDB.org) fournit un appui financier et technique à la Caisse des dépôts et consignations du Bénin (CDC Bénin) à travers son Fonds fiduciaire pour le développement des marchés de capitaux (CMDTF), dans le but de renforcer son rôle en tant qu’investisseur institutionnel et de contribuer à élargir la base d’investisseurs sur les marchés de capitaux du Bénin.

D’un montant de 330 000 dollars américains, la subvention du Fonds fiduciaire pour le développement des marchés de capitaux a pour objectif de renforcer les capacités de la CDC Bénin, afin de l’appuyer dans la mise en œuvre de sa stratégie d’investissement axée sur le financement des petites et moyennes entreprises (PME) au Bénin et dans la région ouest-africaine.

L’accord de don a été signé le 19 février 2026 à Cotonou, par le responsable du bureau pays du Groupe de la Banque au Bénin, Robert Masumbuko et la directrice générale de la CDC Bénin, Maryse Lokossou.

« En accompagnant la CDC Bénin dans le renforcement de ses capacités d’investissement, la Banque africaine de développement confirme son rôle de partenaire privilégié du Bénin, tant dans la mobilisation de financements innovants que dans l’appui technique nécessaire à leur structuration », a déclaré M. Masumbuko.

Le projet appuiera l’alignement des politiques, procédures et outils institutionnels de la CDC Bénin avec cette nouvelle activité d’investissement. Il contribuera au renforcement des compétences du personnel de l’institution et au développement d’un pipeline d’investissements potentiels, incluant l’identification d’un minimum de trois fonds ciblant le financement des PME.

« Cet appui représente un levier structurant visant à renforcer nos capacités opérationnelles et de gouvernance, ainsi qu’à améliorer nos dispositifs de suivi, de transparence et de redevabilité », a déclaré Mme Lokossou. L’appui « s’inscrit pleinement dans une ambition partagée d’approfondir le développement des marchés de capitaux, de soutenir la mobilisation de ressources domestiques et renforcer le financement de long terme, en cohérence avec les priorités nationales. Nous espérons capitaliser sur cette première concrétisation pour ouvrir une suite plus structurée avec le groupe de la Banque africaine de développement, orientée vers le cofinancement et le co-investissement en faveur des PME, des femmes et de la jeunesse », a-t-elle conclu.

Dans le droit fil de la Nouvelle architecture financière africaine (NAFA) du Groupe de la Banque, l’assistance technique contribuera à élargir la base d’investisseurs de long terme, à renforcer l’écosystème des marchés financiers et à améliorer l’accès des PME au financement, notamment en soutenant des investissements intégrant des critères environnementaux, sociaux et de gouvernance.

« Les Caisses des dépôts et consignations occupent une place stratégique dans la transformation structurelle des économies africaines. À travers cet appui, la Banque africaine de développement réaffirme son engagement à accompagner les Caisses des dépôts et consignations africaines dans leur ambition d’être des investisseurs institutionnels majeurs, crédibles et catalytiques pour le financement de long terme de secteurs stratégiques et à impact », a déclaré Akane Zoukpo-Sanankoua, cheffe de la Division du développement des marchés des capitaux de la Banque africaine de développement.

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

Contact médias :
Département de la communication et des relations extérieures
media@afdb.org

À propos du Fonds fiduciaire pour le développement des marchés de capitaux :
Créé en 2019, le Fonds fiduciaire pour le développement des marchés de capitaux (CMDTF) soutient l’intégration et la compétitivité des marchés de capitaux africains à travers des réformes stratégiques, le renforcement des infrastructures de marché, l’élargissement des bases d’investisseurs et le développement d’instruments innovants. Le Fonds est soutenu par le ministère des Finances du Luxembourg, le ministère des Affaires étrangères des Pays-Bas et l’Agence suédoise de coopération internationale pour le développement.

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Cassava Technologies announces National Sovereign Cloud to support secure digital infrastructure for African governments

Source: APO – Report:

Cassava Technologies (www.CassavaTechnologies.com), a global technology leader of African heritage, today announced its National Sovereign Cloud (NSC) solution, designed to support African governments with secure, locally-governed digital infrastructure that enables the deployment of AI-enabled public services.

The solution provides government customers with Cloud, Cyber Security, Compute AI infrastructure, Local-Language AI models, and an AI Institute to support national platforms across the public sector. It further supports collaboration with the public sector by developing digital skills for both enterprises and individuals to help ensure African economies can fully and securely participate in the digital economy.

Building upon this secure foundation, the strategy also includes high-impact delivery through AI applications and specialised Payments & Remittances infrastructure. This involves deploying conversational AI to enhance citizen engagement, creating AI models tailored to local languages, and driving financial inclusion.

Through these advancements, Cassava and its Cloud Partners (https://apo-opa.co/4ubGYZU) aim to enable governments to deploy AI-driven applications that improve public service delivery, strengthen citizen engagement, protect against emerging digital threats, and support economic development.

“Across Africa, governments are accelerating their digital transformation agendas and are increasingly focused on ensuring that data and digital infrastructure remain secure and sovereign,” said Ahmed El Beheiry, Group COO and Group Chief Technology & AI Officer, Cassava Technologies. “Our National Sovereign Cloud solution enables governments to develop secure AI and Cloud environments that support national digital transformation while empowering African developers, enterprises, and institutions to create solutions that address the continent’s unique needs.”

By combining sovereign cloud infrastructure, advanced AI compute capabilities, and secure connectivity, Cassava serves as a technology partner, supporting Africa’s digital transformation by developing trusted, sovereign digital ecosystems.

– on behalf of Cassava Technologies.

About Cassava Technologies: 
Cassava Technologies is a global technology leader of African heritage, providing a vertically integrated ecosystem of digital services and infrastructure that enables digital transformation. Headquartered in the UK, Cassava has a presence across Africa, the Middle East, Latin America and the United States of America. Through its business units, namely, Cassava AI, Liquid Intelligent Technologies, Liquid C2, Africa Data Centres, and Sasai Fintech, the company provides its customers’ products and services in 94 countries. These solutions drive the company’s ambition of establishing itself as a leading global technology company of African heritage. https://www.CassavaTechnologies.com/   

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Fundo Fiduciário para o Desenvolvimento dos Mercados de Capitais do Banco Africano de Desenvolvimento reforça capacidades da Caixa de Depósitos e Consignações do Benim

Source: Africa Press Organisation – Portuguese –

O Banco Africano de Desenvolvimento (www.AfDB.org) presta apoio financeiro e técnico à Caixa de Depósitos e Consignações do Benim (CDC Benim) através do seu Fundo Fiduciário para o Desenvolvimento dos Mercados de Capitais (CMDTF), com o objetivo de reforçar o seu papel como investidor institucional e contribuir para alargar a base de investidores nos mercados de capitais do Benim.

No valor de 330 mil dólares, a subvenção do Fundo Fiduciário para o Desenvolvimento dos Mercados de Capitais tem como objetivo reforçar as capacidades da CDC do Benim, a fim de a apoiar na implementação da sua estratégia de investimento centrada no financiamento de pequenas e médias empresas (PME) no Benim e na região da África Ocidental.

O acordo de doação foi assinado a 19 de fevereiro de 2026 em Cotonou, pelo responsável pelo escritório nacional do Grupo Banco no Benim, Robert Masumbuko, e pela diretora-geral da CDC Benim, Maryse Lokossou.

“Ao acompanhar a CDC Benim no reforço das suas capacidades de investimento, o Banco Africano de Desenvolvimento confirma o seu papel de parceiro privilegiado do Benim, tanto na mobilização de financiamentos inovadores como no apoio técnico necessário à sua estruturação”, declarou Masumbuko.

O projeto apoiará o alinhamento das políticas, procedimentos e ferramentas institucionais da CDC do Benim com esta nova atividade de investimento. Contribuirá para o reforço das competências do pessoal da instituição e para o desenvolvimento de um pipeline de investimentos potenciais, incluindo a identificação de, pelo menos, três fundos destinados ao financiamento de PME.

“Este apoio representa uma alavanca estruturante que visa reforçar as nossas capacidades operacionais e de governação, bem como melhorar os nossos mecanismos de acompanhamento, transparência e responsabilização”, afirmou Lokossou. O apoio “insere-se plenamente numa ambição partilhada de aprofundar o desenvolvimento dos mercados de capitais, apoiar a mobilização de recursos internos e reforçar o financiamento a longo prazo, em consonância com as prioridades nacionais. Esperamos capitalizar esta primeira concretização para abrir uma sequência mais estruturada com o Grupo Banco Africano de Desenvolvimento, orientada para o financiamento e o investimento conjunto a favor das PME, das mulheres e da juventude”, concluiu.

Em linha com a Nova Arquitetura Financeira Africana (NAFA) do Grupo Banco, a assistência técnica contribuirá para alargar a base de investidores a longo prazo, reforçar o ecossistema dos mercados financeiros e melhorar o acesso das PME ao financiamento, nomeadamente apoiando investimentos que integrem critérios ambientais, sociais e de governação.

“As Caixas de Depósitos e Consignações ocupam um lugar estratégico na transformação estrutural das economias africanas. Através deste apoio, o Banco Africano de Desenvolvimento reafirma o seu compromisso em acompanhar as Caixas de Depósitos e Consignações africanas na sua ambição de serem investidores institucionais importantes, credíveis e catalisadores para o financiamento a longo prazo de setores estratégicos e de impacto”, afirmou Akane Zoukpo-Sanankoua, chefe da Divisão de Desenvolvimento dos Mercados de Capitais do Banco Africano de Desenvolvimento.

Distribuído pelo Grupo APO para African Development Bank Group (AfDB).

Contacto para os media:
Departamento de Comunicação e Relações Externas
media@afdb.org

Sobre o Fundo Fiduciário para o Desenvolvimento dos Mercados de Capitais: 
Criado em 2019, o Fundo Fiduciário para o Desenvolvimento dos Mercados de Capitais (CMDTF) apoia a integração e a competitividade dos mercados de capitais africanos através de reformas estratégicas, do reforço das infraestruturas de mercado, do alargamento das bases de investidores e do desenvolvimento de instrumentos inovadores. O Fundo é apoiado pelo Ministério das Finanças do Luxemburgo, pelo Ministério dos Negócios Estrangeiros dos Países Baixos e pela Agência Sueca de Cooperação Internacional para o Desenvolvimento.

Sobre o Grupo Banco Africano de Desenvolvimento:
O Grupo Banco Africano de Desenvolvimento é a principal instituição financeira de desenvolvimento em África. Inclui três entidades distintas: o Banco Africano de Desenvolvimento (AfDB), o Fundo Africano de Desenvolvimento (ADF) e o Fundo Fiduciário da Nigéria (NTF). Presente no terreno em 41 países africanos, com uma representação externa no Japão, o Banco contribui para o desenvolvimento económico e o progresso social dos seus 54 Estados-membros. Mais informações em www.AfDB.org/pt

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Treasury DDG: Budget Office to take up position at IMF

Source: Government of South Africa

Treasury DDG: Budget Office to take up position at IMF

National Treasury Deputy Director General (DDG) of the Budget Office, Edgar Sishi, will leave the department to take up a position at the International Monetary Fund.

This according to a statement by the department confirming Sishi’s resignation.

“The National Treasury thanks Edgar for his dedicated service to the department and to South Africa and congratulates him on his new post.

“The departure of a senior official is always challenging for the institution, but Edgar has built a strong team at the Budget Office, and I have full confidence in their ability to maintain the very high standards set under his stewardship,” Treasury Director General, Dr Duncan Pieterse, said.

The department said Sishi’s last day in office will be at the end of this month.

“Mr. Sishi joined the National Treasury in 2007 and has been an integral part of the senior leadership of the department for several years. He took over the Budget Office during the COVID-19 pandemic in 2020 and has played a crucial role in navigating the public finances through unprecedented challenges.

“His leadership has helped to achieve the turning point in South Africa’s public finances that was evident in the 2026 Budget, with debt stabilising for the first time since before the 2008 global financial crisis.

“The improvement in public finances will support faster growth and lower borrowing costs, while protecting the future sustainability of social spending,” the department said.

The recruitment for a new, permanent DDG in the Budget Office will begin as soon as possible.

“From 1 April 2026, three Chief Directors with direct exposure to the budget process will act on a rotation basis, beginning with Mr. Marumo Maake, who was previously acting Head of the Budget Office from April to October 2025,” National Treasury said. – SAnews.gov.za

NeoB

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Deputy President Mashatile to attend SA Rugby annual awards

Source: Government of South Africa

Deputy President Mashatile to attend SA Rugby annual awards

Deputy President Paul Mashatile is expected to attend and hand over awards at the South African Rugby Player of the Year Awards ceremony at the Cape Town International Convention Centre on Thursday evening. 

The annual awards recognise and honour players, coaches and clubs who demonstrated high performance during the 2025 rugby season, celebrating excellence both on and off the field.

As a champion of social cohesion and nation building initiatives across the country, Mashatile is expected to highlight the role of sport particularly rugby in promoting social cohesion and nation-building in South Africa.

The Deputy President is also expected to emphasise rugby’s contribution to uniting South Africans behind the national team over the years, as well as the country’s success on the global stage as multiple Rugby World Cup champions.

The awards ceremony will begin at 7:30pm. – SAnews.gov.za

 

DikelediM

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Construction council calls for mandatory use of registered building inspectors

Source: Government of South Africa

Construction council calls for mandatory use of registered building inspectors

The South African Council for the Project and Construction Management Professions (SACPCMP) has issued an urgent call for the mandatory use of registered building inspectors on all construction and infrastructure projects.

The call follows the collapse of a building in Ormonde, south of Johannesburg, on Monday, which left nine construction workers dead, with others sustaining injuries.

READ | Deadly Ormonde building collapse: ‘Structure was not sound’

In a statement on Wednesday, the council said the incident underscores the importance of appointing properly registered professionals to safeguard public safety and ensure compliance with national building standards.

SACPCMP President Sharon Shunmugam said registered professionals provide the necessary experience and skills required to ensure that projects are executed to standards that guarantee sustainability and the safety of structures.

“The only lawful way to assure that structures are erected in alignment with the correct and procedural building practices is to appoint registered building inspectors on projects to monitor progress and highlight risk or misalignment in building standards,” Shunmugam said.

Preliminary reports from investigators revealed multiple contraventions of building regulations and procedures. It has also been reported that building plans for the structure were absent, as reported in media briefings this week by the Mayor of Johannesburg, Dada Morero.

Shunmugam said the council has consistently warned both industry stakeholders and the public about the risks associated with non-compliance.

“The safety of the public is a priority. Where construction and related processes fail to adhere to the regulated standards of safety and construction management, the breakdown or collapse of structures is a likely eventuality,” Shunmugam said.

She emphasised that the utilisation of qualified professionals within the construction environment is essential to ensure that standards are adhered to, and the highest quality of outputs within the built environment comes to the fore.

She said the council is deeply saddened and immensely concerned that to date, the construction sector is still facing incidents where the most basic lawful construction requirements are flouted, and lives are lost.

According to the SACPCMP, the appointment of a professional, registered building inspector in such instances would have brought irregularities to the fore and highlighted risks that would result in safeguarding both infrastructure and those working on site.

“It is a travesty that once again, we see lives lost in an event where this could have been fully prevented if regulations were properly followed. Our thoughts and prayers go out to those who have lost loved ones due to this tragedy and we are, as a council, ready to assist the relevant authorities in their investigation of this incident,” Shunmugam said. – SAnews.gov.za

GabiK

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Over 6 400 South Africans in the Middle East register on Travel Smart

Source: Government of South Africa

Over 6 400 South Africans in the Middle East register on Travel Smart

The Department of International Relations and Cooperation (DIRCO) has noted a significant increase in registrations by South African citizens on its Travel Smart System, with more than 6 400 citizens in the Middle East having registered their presence as of 04 March 2026.

In a statement on Wednesday, DIRCO said South African citizens currently in the region for non-essential travel and who wish to evacuate cities and countries affected by the ongoing interstate conflict in the Middle East are strongly advised to use official channels to facilitate their departure.

“This proactive measure is essential to prepare for an exit from the danger zone as soon as it is safe to secure passage,” the department said. 

Citizens have also been urged to note that several airlines have resumed limited commercial flights out of the region.

“Citizens are strongly encouraged to take immediate advantage of this opportunity to leave, as heavy attacks are regrettably expected to continue in the coming days. Your safety is our paramount concern,” DIRCO said.

The department further discouraged South Africans from undertaking all non-essential travel to the region at this time.

South Africans experiencing difficulties with the evacuation process or those requiring urgent consular support have been urged to contact the department through its official channels.

For assistance, citizens may contact the South African Emergency Line at +27 12 351 1000 and request consular services. 

They can also reach the South African Embassy in Amman, Jordan on +962 6-461-5167, or make inquiries regarding the Jordan border on +962 5 393 3031.

Email coordination is available through ngwanyaa@dirco.gov.za or segevl@dirco.gov.za.
Emergency consular support can also be accessed through Mr Litha Ngwanya on +972 50-520-8100 or Ms Lizelle Segev on +972 54-588-0698.

Meanwhile, South Africa reiterated its call on all parties involved in the conflict to exercise maximum restraint and to act in a manner consistent with international law, international humanitarian law, and the principles of the United Nations Charter. 

In an advisory on Monday, South Africa has called on all its citizens currently in the Middle East to urgently contact the relevant South African embassies accredited to their countries of residence to ensure that they are registered, and that their whereabouts are known to officials amid heightened regional tensions.

In the advisory by DIRCO, government warned that consular support in parts of the region may be limited, particularly in the event of an emergency. 

The Travel Smart System can be accessed on: https://travelsmart.dirco.gov.za/welcome and also from the Apple App Store on https://apps.apple.com/za/app/travel-smart/id6446180597 and on Android on https://play.google.com/store/apps/details.  – SAnews.gov.za

 

DikelediM

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Free State police bolster border security in massive interprovincial operation

Source: Government of South Africa

Free State police bolster border security in massive interprovincial operation

In a decisive move to dismantle cross-border criminal networks, police in the Free State province recently spearheaded a high-density, interprovincial cross-border operation for the 4th Quarter of the 2025/26 financial year.

This strategic initiative, centered in the bordering town of Clarens, ran simultaneously across various provinces to create a unified front against the illegal movement of goods and persons.

The success of the operation was fuelled by an extensive collaboration of specialised South African Police Service (SAPS) units and external departments. The Free State contingent deployed a team of SAPS Specialised Units including Airwing, Crime Intelligence, FLASH, Flying Squad, Highway Patrol, Mounted Unit, K9, Public Order Police, Rapid Rail Police, the Tactical Response Team, Protection and Security Services, District Operational Command Centre, Reservists, the Anti-Gang Unit and Visible Policing.

Also included in the operation were external partners such as Immigration (Home Affairs), the Department of Economic, Small Business Development, Tourism and Environmental Affairs, the Department of Health, Traffic, South African Revenue Service, Border Management Authority and the Gambling Board.

​“The operation focused heavily on the Thabo Mofutsanyana District, yielding 28 arrests for crimes that directly impact the local economy and community safety. Seven were arrested for stock theft, with stock recovered, and 14 undocumented persons were arrested,” the police said in a statement on Wednesday. 

Three drug-related crime arrests were effected. Two males were found in possession of stolen goods, while two traffic fines were issued to non-complying motorists.

“Beyond the arrests, the multi-disciplinary teams focused on tightening regulations and seizing illicit substances. 

“Large quantities of crystal meth and mandrax were removed from the streets. About 147.27 litres of liquor were confiscated from an unregistered dealer,” the police said. 

Furthermore, 16 fines were issued to outlets found to be non-compliant with the Liquor Act. High-priority visits were conducted at second-hand goods shops and firearm dealers to ensure strict adherence to the law.

​“These interprovincial operations are the cornerstone of the SAPS strategy to intensify the fight against cross-border crime. By synchronising efforts across provincial lines, SAPS aims to close the gaps utilised by syndicates and ensure a safer South Africa,” the police said. – SAnews.gov.za

Edwin

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Dimension Data Nigeria holds signing ceremony for $15m Bond Programme

Source: APO

Dimension Data Nigeria (https://DimensionData.com.ng) has formally executed its N20 billion ($15m) Bond Programme under Dimension Data SPV Funding Plc, following approval from the Securities and Exchange Commission (SEC). The signing ceremony, which marked the completion of the programme documentation and regulatory clearances, was held recently at the Capital Club, Victoria Island, Lagos.

Speaking during the signing ceremony, Gbenga Olabiyi, Managing Director of Dimension Data Nigeria, explained that the capital raise is focused on long-term value creation. “Sustained infrastructure investment is essential to maintaining competitiveness and unlocking future growth. When deployed thoughtfully, infrastructure secures the business, future-proofs operations, and allows efficient scaling as data demand and complexity increase.”

Nigeria continues to face significant digital infrastructure gaps, including limited metro and access fiber coverage, constrained enterprise connectivity, and rising demand driven by cloud adoption, fintech, digital public services and artificial intelligence. These gaps increase costs, limit service quality, and slow the country’s digital economy. Olabiyi said the bond programme is designed to help expand critical digital infrastructure capacity, strengthen network resilience, and support enterprise and carrier-grade services needed to meet Nigeria’s growing data and connectivity requirements.

He also expressed appreciation to the company’s advisers and partners for their professionalism and support throughout the process and signaled his intention to continue working closely with them as Dimension Data moves into subsequent phases of funding and execution.

In his comments, Shatse Kakwagh, Managing Partner, Mbavaa Partners Limited, the Private Equity company backing Dimension Data Limited, described the transaction as a watershed moment for the company and a validation of its long-term infrastructure strategy.

“This is a journey we began years ago, and it proves that the opportunities we see in the market can be realised,” Shatse said. “We believe strongly in working with partners to address the critical infrastructure deficit in Nigeria and across Africa. This programme enables us to secure the right type of capital to finance the aggressive growth we have planned.”

He noted that the bond programme has received a strong vote of confidence from rating agencies. At the same time, the company’s first market issuance was heavily oversubscribed, reflecting investor belief in Dimension Data’s ability to execute and deliver at scale.

The transaction advisers on the bond programme include Pathway Advisors Limited as Book Runner; Greychapel Legal and Alliance Law Firm as Solicitors; CardinalStone Registrars Limited and STL Trustees Limited as Registrar and Trustees; Deloitte & Touche as Reporting Accountant alongside Mascot Okpori & Co as Auditors; Fidelity Bank as Receiving Bank; and Agusto & Co as Rating Agency.

Distributed by APO Group on behalf of Dimension Data.

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