Category: English

Source: APO

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Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates Mr. Nasser Bourita and Minister of Foreign Affairs, International Cooperation and Gambians Abroad Mr. Sering Modou Njie, reiterated on Wednesday in Rabat their countries’ shared commitment to making the Morocco-Gambia partnership a model of inter-African cooperation based on values of solidarity and mutual support.

During their meeting, the two ministers also praised the strong ties of brotherhood and solidarity uniting the two countries, under the enlightened leadership of His Majesty King Mohammed VI and His Excellency President Adama Barrow.

They also discussed various ways to deepen ties between Morocco and The Gambia, and reviewed cooperation between the two countries in areas of common interest at the bilateral, regional, and international levels.

Mr. Bourita and Njie also reaffirmed their commitment to exploring new prospects of cooperation in priority areas such as investment, industry, trade, fisheries and renewable energy, health, water, education, infrastructure, and ports.

In this regard, Mr. Bourita reiterated Morocco’s willingness to contribute to the implementation of The Gambia’s National Development Plan 2023-2027, which aims to provide basic social services and promote social and economic development in The Gambia.

Njie’s visit to Morocco is his first travel abroad since his appointment as Minister of Foreign Affairs, International Cooperation, and Gambians Abroad.

Distributed by APO Group on behalf of Kingdom of Morocco – Ministry of Foreign Affairs, African Cooperation and Moroccan Expatriates.

Source: APO

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His Majesty King Mohammed VI sent a message of congratulations to President of the Arab Republic of Egypt Abdel Fattah Al-Sissi, on the occasion of the anniversary of the July 23 Revolution.

In this message, the Sovereign expresses, on His behalf and on behalf of the Moroccan people, His warm congratulations to President Al-Sissi, imploring the Almighty to renew such an occasion for the brotherly Egyptian people with further progress and prosperity.

On this occasion, His Majesty the King conveys His pride in the exceptional fraternal ties between Morocco and Egypt, expressing His conviction that these relations will continue to progress rapidly, driven by the shared will and ongoing coordination between the two Heads of State in service of the brotherly Moroccan and Egyptian peoples’ aspirations and interests.

Distributed by APO Group on behalf of Kingdom of Morocco – Ministry of Foreign Affairs, African Cooperation and Moroccan Expatriates.

Source: APO

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The Chairperson of the African Union Commission, H.E. Mahmoud Ali Youssouf, extends his warmest congratulations and best wishes to the Government and People of the Arab Republic of Egypt on the occasion of their National Day.

This momentous day marks not only the birth of modern Egypt’s sovereignty but also a powerful reminder of the enduring spirit of freedom, resilience, and self-determination that continues to inspire the entire African continent.

Egypt has long played a central role in shaping Africa’s destiny-historically, politically, and intellectually. As a founding Member State of the Organization of African Unity (OAU), now the African Union (AU), Egypt has consistently demonstrated unwavering commitment to the ideals of Pan-Africanism, unity, and regional integration.

Today, we celebrate Egypt’s contributions to peace and security, education, science, innovation, infrastructure, and continental diplomacy. The African Union greatly values Egypt’s leadership in key continental initiatives and its active engagement in the realization of Agenda 2063- our shared vision for a united, prosperous, and peaceful Africa.

Happy National Day!

Distributed by APO Group on behalf of African Union (AU).

Source: APO

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The Ministry of Health branch in the Southern Red Sea Region organized training on Hepatitis B vaccination for 70 members of its branch office. The training took place in the port city of Assab on 18 and 19 July.

Dr. Ali Halo, head of the Ministry of Health branch in the region, stated that the training aimed to enhance understanding of the Hepatitis B vaccination program, which is set to be implemented nationwide.

The meeting included extensive discussions on the upcoming vaccination campaign, which will be conducted in collaboration with various partners.

Distributed by APO Group on behalf of Ministry of Information, Eritrea.

Source: APO

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The National Union of Eritrean Women branch in the Gash Barka Region reported that, alongside efforts to improve the socio-economic standards of women, strong action is being taken to eradicate harmful practices, particularly underage marriage. The report was presented during an activity assessment meeting held on 19 and 20 July in Barentu.

At the meeting, heads of the National Union of Eritrean Women in the sub-zones presented reports outlining achievements and challenges. The reports also highlighted efforts to create a conducive environment for women to improve their economic status through group and individual income-generating activities, including small-scale agriculture and trade.

Ms. Yihdega Yohannes, head of the union branch in the region, stated that encouraging results have been achieved through collaboration with partners in organizing vocational training programs, enhancing women’s economic capacity, and combating harmful practices. She also noted the union’s efforts to ensure women’s access to health and educational services, including in remote areas of the region.

Ms. Yihdega further called on women to preserve the progress achieved and strive for even greater outcomes.

Distributed by APO Group on behalf of Ministry of Information, Eritrea.

Source: APO

Affluenz Magazine (www.Affluenz.com), International’s leading global luxury, leadership, and impact publication, has officially released its much-anticipated July/August 2025 issue — a special edition commemorating the 20th anniversary of the passing of His Highness Sheikh Zayed bin Sultan Al Nahyan, the Founding Father of the United Arab Emirates.

This commemorative edition features a powerful trio of cover stories — spotlighting the enduring legacy of Sheikh Zayed, the cultural diplomacy of UAE’s Minister of State, Noura bint Mohammed Al Kaabi, and the entrepreneurial excellence of Elvis Abuyere, CEO of Skywise Group, one of Africa’s most innovative investment firms.

This historic issue celebrates Sheikh Zayed’s vision of unity, progress, and inclusion — a legacy that continues to define the modern UAE. Affluenz Magazine delves into his leadership, values, and role in positioning the Emirates as a hub of diplomacy, innovation, and tolerance.

Also on the cover is Noura Al Kaabi, a global advocate for cultural dialogue and creative economies. In her exclusive interview, she discusses the UAE’s mission to foster global cultural exchange and its investment in youth empowerment across the Arab world and Africa.

Rounding out the trio is Elvis Abuyere, the young African magnate who has risen to prominence through Skywise Group’s diversified holdings in key industries such as automobiles, finance, travel, real estate, and philanthropy. His story of resilience, reinvention, and corporate leadership offers inspiration for a new generation of African entrepreneurs.

Beyond the covers, the issue features in-depth profiles on several influential leaders and institutions across Africa and the Middle East — from oil and gas executives and royalty to social innovators and philanthropists — all of whom are making measurable impact in their sectors and communities.

Beyond its striking covers, the July/August 2025 edition of Affluenz Magazine delivers an enriching array of exclusive features and compelling interviews that spotlight transformative figures shaping Africa and the global stage.

Among the celebrated personalities is Ameera Abraham, the trailblazing founder of The Nail Bar, who shares her journey in redefining luxury wellness and empowering a new wave of African beautypreneurs. Equally inspiring is Tonya Lawani, the formidable force behind SEAL Group, whose strategic leadership continues to drive innovation and empowerment across industries.

Linda Turner, founder of Linda Hope Initiatives and CEO of Jat Holdings, exemplifies the powerful blend of business acumen and humanitarian spirit. With ventures spanning real estate, fashion, interior design, and hospitality, she personifies resilience and compassion, balancing her roles as a mother, wife, entrepreneur, and advocate—all grounded in her unwavering commitment to uplifting lives.

Adunni Rinwa emerges as a beacon of integrity and innovation in Nigeria’s real estate sector. As founder and CEO of Rinwa Realty, she has revolutionized property investment and homeownership, raising the bar for transparency and delivery in the industry.

The issue also features Hassan Imam, Managing Director of Keystone Bank, recognized for his strategic role in redefining digital banking and financial inclusion in Nigeria. From the UAE, Hussain Abdulrahman Khansaheb is profiled for his contributions to sustainable urban development and visionary leadership in construction and infrastructure.

Adding to the intellectual gravitas of the edition is Peace Hyde, celebrated media entrepreneur, educator, and founder of Aim Higher Africa. Her voice continues to inspire a generation to dream big and build boldly.

Together, these stories reflect the essence of Affluenz Magazine: a publication committed to elevating Africa’s voices, capturing legacies in the making, and connecting excellence across continents.

Founded in 2011 as Pleasures Magazine and rebranded as Affluenz Magazine in 2024, the publication has evolved into a world-class platform that highlights African and Middle Eastern excellence, entrepreneurship, and culture. With editorial offices in Abuja, Dubai,Riyadh Accra, Washington DC and London, the magazine reaches readers in over 103 countries and maintains syndication through platforms like Yahoo Finance, Business Insider, and Washington Times.

Speaking about the new edition, Executive Publisher Adedotun Olaoluwa remarked:
“This special issue is not just a tribute to Sheikh Zayed, but a celebration of global visionaries — individuals building bridges across continents. Affluenz continues to be a vessel for celebrating our shared humanity and transformative leadership from Africa to the Middle East.”

The July/August 2025 issue is now available in digital and print formats across select global outlets, including Barnes & Noble (US), WHSmith (UK), and Virgin Megastore (UAE), as well as through Affluenz’s official website: www.Affluenz.com and Selar (https://apo-opa.co/45fvREG).

Distributed by APO Group on behalf of The Affluenz (formerly Pleasures Magazine).

Contact:
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Source: APO

• During the visit to the country, Merck Foundation CEO also met the Mauritius President to share the impact of their 100 Scholarships for Mauritian Doctors in partnership with Ministry of Health.
• Dr. Rasha Kelej during her meeting with the Mauritius President, strengthened partnership to improve access to innovative and equitable healthcare and Empower Women in STEM.
• Senator Dr. Rasha Kelej also met the Mauritius Minister of Gender Equality & Family Welfare to share the impact of their programs to address critical social issues like supporting girl education and Ending Gender Based Violence in the country.

Senator, Dr. Rasha Kelej, CEO of Merck Foundation (www.Merck-Foundation.com), the philanthropic arm of Merck KGaA Germany met Hon’ble Ms. Marie Arianne Navarre-Marie, Minister of Gender Equality and Family Welfare during a high-level meeting, to share the impact of their programs and underscore their long-term commitment to address critical social issues in Mauritius.

During her visit, she also met H.E. MR. DHARAMBEER GOKHOOL, The President of Republic of Mauritius, to share the impact of their 100 Scholarships for Mauritian Doctors in partnership with Ministry of Health and underscore their long-term commitment to transform public healthcare in Mauritius.

Senator, Dr. Rasha Kelej, CEO of Merck Foundation and President of “More Than a Mother” Campaign emphasized, “It was a great honor to meet Hon’ble Ms. Marie Arianne Navarre-Marie, Minister of Gender Equality and Family Welfare and share with her the impact of our partnership and programs since 2017 that aim to transform patient care, build healthcare and media capacity, to empower women in STEM, support girl education and raise awareness about social and health issues in Mauritius and the rest of Africa.

I am very happy to share that together with the Ministry of Gender Equality and Family Welfare, we are launching our Educating Linda Program in the country, as a part of which we will be supporting the education of 20 high performing yet underprivileged Mauritian schoolgirls, till they graduate. Through this, we will be empowering them to complete their studies and reach their full potential.”

Merck Foundation has provided 100 scholarships for Mauritian doctors in 44 critical and under-served specialties.

“During my meeting with H.E. MR. DHARAMBEER GOKHOOL, The President of Republic of Mauritius, we also discussed the possibility of providing specialized training for Mauritian doctors in innovative and emerging fields such as Stem Cell Therapy in pathology, CAR T-cell treatment, AI in Radiology, Radiotherapy and Medical Oncology, Robotic Surgical Oncology, Neurology, Nephrology, Urology, and Neurosurgery. We are strongly committed to work closely with Ministry of Health to improve access to innovative and equitable healthcare solutions”, added Dr. Kelej. 

The 100 scholarships for local Mauritian Doctors have been provided for One-Year PG Diploma and Two-year Master Degrees in many critical specialties including Fertility, Embryology, Sexual & Reproductive Care, Oncology, Preventative Cardiovascular, Diabetes, Endocrinology, Acute Medicine, Respiratory, Gastroenterology, Dermatology, Neuroimaging for Research, Sexual & Reproductive Care, Clinical Microbiology and infectious diseases, Internal Medicine, Pediatric Emergency Medicine, Ophthalmology, Laparoscopic Surgical Skills, Critical Care, Neonatal Medicine, Psychiatry, Family Medicine, Advanced Cytopathology and many more.

Merck Foundation has so far provided more than 2280 scholarships for young doctors from 52 countries in 44 critical and underserved specialties, with many of them becoming the first specialists in their countries.

During her visit, Merck Foundation CEO also met the Senior Officials from the Office of Hon’ble Minister of Health, Mauritius.

Merck Foundation also conducted the 4^th Edition of their Health Media Training for the Mauritian Media Representatives in partnership with Ministry of Gender Equality and Family Welfare, Mauritius. The training session was conducted to emphasize on the important role that media plays to influence society to create a cultural shift with the aim to address wide range of social and health issues such as: Breaking Infertility Stigma, Supporting Girl Education, Women Empowerment, Ending Child Marriage, Ending FGM, Stopping GBV, Diabetes and Hypertension awareness. It was co-chaired by Merck Foundation CEO and Minister of Gender Equality and Family Welfare, Mauritius.

During the training session, the Call for Application for 8 important Merck Foundation Awards were announced for Media, Musicians, Fashion Designers, Filmmakers, students, and new potential talents in these fields.

The award announced are:

1. Merck Foundation Africa Media Recognition Awards “More Than a Mother” 2025, in partnership with Media Trust Board, Mauritius: Media representatives and media students are invited to showcase their work to raise awareness about one or more of the following social issues such as: Breaking Infertility Stigma, Supporting Girl Education, Women Empowerment, Ending Child Marriage, Ending FGM, and/ or Stopping GBV at all levels.

Submission deadline: 30^th September 2025.

2.  Merck Foundation Fashion Awards “More Than a Mother” 2025, in partnership with Academy of Design and Innovation, Mauritius: All African Fashion Students and Designers are invited to create and share designs to deliver strong and influential messages to raise awareness about one or more of the following social issues such as: Breaking Infertility Stigma, Supporting Girl Education, Women Empowerment, Ending Child Marriage, Ending FGM, and/ or Stopping GBV at all levels.

Submission deadline: 30^th September 2025.

3. Merck Foundation Film Awards “More Than a Mother” 2025: All African Filmmakers, Students of Film Making Training Institutions, or Young Talents of Africa are invited to create and share a long or short FILMS, either drama, documentary, or docudrama to deliver strong and influential messages to address one or more of the following social issues such as: Breaking Infertility Stigma, Supporting Girl Education, Women Empowerment, Ending Child Marriage, Ending FGM, and/ or Stopping GBV at all levels.

Submission deadline: 30^th September 2025.

4. Merck Foundation Song Awards “More Than a Mother” 2025: All African Singers and Musical Artists are invited to create and share a SONG with the aim to address one or more of the following social issues such as: Breaking Infertility Stigma, Supporting Girl Education, Women Empowerment, Ending Child Marriage, Ending FGM, and/ or Stopping GBV at all levels.

Submission deadline: 30^th September 2025.

5. Merck Foundation Media Recognition Awards 2025 “Diabetes & Hypertension”, in partnership with Media Trust Board, Mauritius: Media representatives are invited to showcase their work through strong and influential messages to promote a healthy lifestyle and raise awareness about the prevention and early detection of Diabetes and Hypertension.

Submission deadline: 30^th October 2025.

6. Merck Foundation Fashion Awards 2025 “Diabetes & Hypertension”, in partnership with Academy of Design and Innovation, Mauritius: All African Fashion Students and Designers are invited to create and share designs to deliver strong and influential messages to promote a healthy lifestyle and raise awareness about the prevention and early detection of Diabetes and Hypertension.

Submission deadline: 30^th October 2025.

7. Merck Foundation Film Awards 2025 “Diabetes & Hypertension: All African Filmmakers, Students of Film Making Training Institutions, or Young Talents of Africa are invited to create and share a long or short FILMS, either drama, documentary, or docudrama to deliver strong and influential messages to promote a healthy lifestyle raise awareness about prevention and early detection of Diabetes and Hypertension.

Submission deadline: 30^th October 2025.

8. Merck Foundation Song Awards 2025 “Diabetes & Hypertension”: All African Singers and Musical Artists are invited to create and share a SONG with the aim to promote a healthy lifestyle and raise awareness about the prevention and early detection of Diabetes and Hypertension.

Submission deadline: 30^th October 2025.

Entries for the above awards can be submitted to us at:

submit@merck-foundation.com

For information on the above awards, please visit our website:

www.Merck-Foundation.com

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

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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/3GZAB8c), X (https://apo-opa.co/46Yc51M), Instagram (https://apo-opa.co/41aw4Xg), YouTube (https://apo-opa.co/450kdfL), Threads (https://apo-opa.co/4m1Sj9O) and Flickr (https://apo-opa.co/4o4qNdO).

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

Nigeria is undertaking sweeping reforms across its oil and gas industry, driven by a landmark Executive Order signed by President Bola Ahmed Tinubu aimed at catalyzing investment and eliminating regulatory inefficiencies. At the “Invest in Nigeria” Roundtable during African Energy Week (AEW) 2025: Invest in African Energies – sponsored by NCDMB and taking place in Cape Town on September 29-October 3 – senior policymakers and industry leaders will unpack the scope of these reforms, explore how they are reshaping the investment landscape, and present new opportunities across upstream, midstream and downstream value chains. 

Set to speak are Olu Verheijen, Special Advisor to the President of Nigeria on Energy; Arthur Ename, Vice President of Business Development, Africa, at NOV; Nosa Omorodion, Country Director at SLB Nigeria; Alex Irune, Executive Director of Oando and Managing Director of Oando Energy Resources; a senior representative from ExxonMobil; and Philip Mshelbila, Managing Director and CEO of Nigeria LNG (NLNG). The roundtable will offer high-level insight into the regulatory reset now underway and what it means for investors looking to expand or enter the Nigerian market. 

The Executive Order, signed in April 2025, targets cost efficiency and fiscal competitiveness in upstream operations and introduces performance-based tax credits for oil and gas companies that deliver verifiable reductions in project costs. Under the framework, operators that meet annual cost-reduction benchmarks set by the Nigerian Upstream Petroleum Regulatory Commission are eligible to retain 50% of the incremental government revenue generated by their efficiency gains, with total credits capped at 20% of their annual tax liability. 

This move directly addresses long-standing concerns over high operating costs in Nigeria’s upstream sector, which have historically deterred investment and delayed project execution. By linking tax relief to measurable cost savings, the Order is expected to unlock stalled developments, attract new capital and create a more transparent, performance-driven investment climate. 

At the AEW 2025 roundtable, speakers will examine how this reform is already reshaping Nigeria’s energy landscape – enabling more competitive bidding for contracts, accelerating international oil company divestments and positioning indigenous players to scale up their operations within a more commercially attractive and operationally efficient environment. 

Nigeria is also doubling down on natural gas as the cornerstone of its long-term energy strategy. With over 200 trillion cubic feet of proven reserves, the country is accelerating infrastructure development to support both domestic utilization and regional exports. A flagship project, the NLNG Train 7 expansion, is nearing completion and set to boost production capacity by 35%, underscoring the critical role of LNG in Nigeria’s economic growth and energy transition plans. At the same time, upstream and midstream gas investments are being enabled through policy instruments that promote modular processing, flexible pricing frameworks and improved market access for domestic suppliers. 

The private sector is poised to play a central role in this next phase. Companies like SLB and NOV are aligning their strategies with the government’s push for localization, efficiency and innovation, while firms such as Oando are expanding their portfolios to reflect new realities in the post-Petroleum Industry Act landscape. With enhanced policy stability and a deliberate focus on sector transformation, Nigeria is reasserting its status as one of Africa’s most strategic hydrocarbon hubs. 

Distributed by APO Group on behalf of African Energy Chamber.

About AEW:
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event. 

Source: APO

At the 32nd Annual General Meeting of Shareholders of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), held as part of the Bank’s 2025 Annual Meetings in Abuja, Nigeria, from 25 to 28 June 2025, shareholders approved a series of key resolutions aimed at strengthening the Bank’s strategic direction, financial resilience, and governance.

Among the most significant outcomes was the appointment of Dr. George Elombi as the fourth President and Chairman of the Board of Directors, succeeding Professor Benedict Oramah, who will step down later this year after nearly a decade of transformative leadership.

Shareholders also approved the expansion of the Bank’s Concessional Finance Window, increasing its capital allocation from USD 1 billion to USD 5 billion, and raising the direct shareholder contribution from USD 200 million to USD 700 million. This substantial expansion reflects the growing demand for accessible development finance across Africa and the Caribbean, and strengthens Afreximbank’s capacity to support inclusive and sustainable economic growth.

In addition, shareholders reaffirmed the commitment of the Bank’s Member States to Afreximbank’s Preferred Creditor Status (PCS), as codified in the Bank’s Establishment Agreement, to which all Member States are signatories. This reaffirmation underscores continued support for the Afreximbank’s role as a trusted African Multilateral Financial Institution.

In what marked his final Shareholders’ Meeting, Professor Oramah welcomed the outcomes and expressed appreciation for the vision and leadership shown:

“It has been a great honour to serve as President and Chairman of the Board of Directors of Afreximbank for the past decade. I commend our shareholders for the bold and strategic decisions taken, particularly the unwavering reaffirmation of their commitment to respect their obligations under the Afreximbank Establishment Agreement, through which the Bank enjoys Preferred Creditor Status across its member states. We also welcome their decision to increase the size of the Africa Trade Transformation Fund (ATTF), the Concessional Finance initiative launched at the 30th Annual Meetings of the Bank, from USD 1 billion to USD 5 billion. These decisions would collectively shape the future of this great institution and advance Africa’s prosperity.

“I am confident that the Bank is well placed to continue making a profound impact under the capable leadership of my able successor, Dr. George Elombi, and I extend my very best wishes to him.”

The shareholders also elected Mr. Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy as Chairman of the General Meeting for the period 2025/2026 and passed other statutory resolutions including adoption of the Bank’s audited financial statements for the year ended 31 December 2024 and appointment of auditors.

The shareholders in addition confirmed the re-election of Dr. Denny Hamachila Kalyalya (Zambia), Dr. John Panonesta Mangudya (Zimbabwe) and Mr. Victor Jérôme Nembelessini-Silué (Côte d’Ivoire) to the Bank’s Board of Directors. Independent Directors Mr. Anil Dua (United Kingdom) and Mr. Ronald Sibongiseni Ntuli (South Africa) were also re-elected.  Newly elected Directors include Mrs. Leila Mokaddem (Tunisia), as a nominee of the African Development Bank.

The shareholders noted the challenges and negative reports disputing African Multilateral Financial Institutions and undermining the commitments that African states have made in the treaties establishing these institutions, including Afreximbank.

In a statement unanimously endorsed and adopted by the General Meeting, Mr. Wale Edun, Nigeria’s Minister of Finance and Chairman of the General Meeting, affirmed the shareholders’ unwavering confidence in the Bank’s financial resilience and mandate to drive Africa’s trade-led growth.

Mr. Edun stated: “The shareholders affirm their respect for the 1993 treaty establishing Afreximbank, signed and ratified by African states, noting that it enshrined binding sovereign commitments and underpinned the preferred creditor status (PCS) of the Bank, shielding its loans from sovereign debt restructurings.

“Additionally,  shareholders reaffirm the commitment of the Bank’s Member States to the Preferred Creditor Status (PCS) enshrined in the Bank’s Establishment Agreement to which all Member States are signatories and call for collective responsibility in safeguarding the integrity of African Multilateral Financial Institutions (AMFIs).

“This meeting confirms shareholders’ full commitment to supporting the Bank’s mission, and call upon all stakeholders to engage constructively, reflecting the Bank’s robust legal protections and credit fundamentals.”

This collective statement by Afreximbank’s shareholders sends a strong signal to partners, rating agencies, and the broader financial community: the Bank remains a trusted and protected institution anchored by solid legal foundations and an unwavering mandate to drive Africa’s economic transformation through trade.

Nearly 6,000 delegates attended the 32^nd Afreximbank Annual Meetings, making it the Bank’s most highly attended Annual Meeting in its 32-year history. Attendees included 22 current and former African and Caribbean Heads of State or their representatives, as well as policymakers, academics, business leaders and high-profile dignitaries. 

Distributed by APO Group on behalf of Afreximbank.

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

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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

Source: APO

In yet another attack on the African oil and gas industry, Extinction Rebellion has condemned South Africa as it strives to advance oil and gas exploration across its offshore market. An article published this week by the group’s spokesperson Moraig Peden cites new offshore oil and gas projects as being in direct conflict with the country’s climate commitments, despite the fact that operators have secured environmental authorization to explore offshore. Representing the voice of the African energy sector, the African Energy Chamber (AEC) (https://EnergyChamber.org) condemns the article as yet another blatant attack on not only the African energy industry but its population at large. Oil and gas will play a fundamental role in alleviating energy poverty in Africa and the AEC – in collaboration with the oil industry and African communities – will continue advocating for offshore exploration and production.   

Groups such as Extinction Rebellion has been consistent in their attacks against the industry, turning to violent and disruptive measures to voice their biases and relentless opposition. Rather than peaceful protests, foreign funded environmental groups have turned to climate-motivated sabotage. Activists from Shut the System, for example, sabotaged internet cables in London in early 2025. Following which, the group stated that they “vow to wage a campaign of sabotage targeting the tools, property and machinery of those most responsible for global warming.” This is a direct attack on the industry.  

Another group, Just Stop Oil, has also been relentless. Attacks include throwing soup at Van Gogh’s Sunflowers painting, throwing paint on Stonehenge, gluing themselves to roads to stop traffic, cable-tying themselves to goal posts at sports events and England-wide blockades at ten critical oil facilities in 2022. Just Stop Oil protestors were also given multi-year prison sentences in England in 2024 for their roles in closing multiple junctions of the M25 motorway. In the US, Greenpeace was issued to pay $660 million in damages in 2025 for malicious interference with the Dakota Access Pipeline. The group also has a history of occupying coal power plants and blocking coal shipments in New Zealand, Australia and the UK. But it is the group’s attacks on the industry in Africa that stand to bring far-reaching disruptions.   

Greenpeace has been strongly opposing exploration in Africa by companies such as Shell, Meren Energy (formerly Africa Oil Corp), TotalEnergies and more. All three companies have secured environmental authorization and/or financing for their offshore activities but Greenpeace continues to launch attacks against these companies. The company challenged Shell’s exploration rights in court and continues to ask for donations to support its attacks on oil companies.  

“We at the chamber expected these attacks as we approach this next edition of AEW: Invest in African Energies. These attacks always come. We denounce the violence of Extinction rebellion.  We hope that we will have a robust conversation about Africans right to drill and provide energy for the millions of Africans that live without access to electricity or clean cooking solutions. The AEC-Africa-Oil and Gas Industry bromance will continue fighting for Africa. We will continue fighting to make energy poverty history. We will continue fighting for generations to come,” states NJ Ayuk, Executive Chairman of the AEC.  

It is clear that the writer Peden does not fully understand the African context. If the writer truly understood what every day Africans in Mali, Mozambique, Namibia and other countries go through, she would not have this extremist and radical environmental agenda against the continent’s energy development. We must be reminded that over 600 million Africans live without access to electricity while over 900 million people live without access to clean cooking solutions. But it seems that Extinction Rebellion is bent on ensuring that Africans remain without access to electricity or the energy they need for the future. This is exactly what the AEC opposes. This is also why we are proud to be part of a bromance with Africa and the global oil and gas industry. This is why we will continue fighting for oil and gas exploration.  

It is surprising to see that Extinction Rebellion and Peden criticize African exploration efforts when they fail to criticize the bromance between countries in other parts of the world and the oil and gas industry. They do not criticize Norway for producing four million bpd and sanctioning new energy projects or the UK which is drilling in the North Sea or the US in the Gulf. It is Africa, where people want to drill for more oil and gas to help lift the continent out of poverty, that the attacks come. 

“I was hoping the she would bring Greta Thunberg along because she will protest anything. Moraig Peden and the foreign funded green groups now have the Mantashe Derangement Syndrome.  The attacks on Africans by Moraig Peden and Extinction rebellion deceitful and dishonest, Or blatantly dishonest. This is just the beginning, Africans and the energy industry have been through tough times, but you’ve never seen me quit and there’s no quitting on our fight to make energy poverty history and industrialize Africa. We see Moraig Peden’s attacks as simply hypocrisy especially coming from a wealthy woman with a Eurocentric view of energy who believes Africans should stay in the dark while she is shopping for car elevators” Concluded Ayuk. 

Distributed by APO Group on behalf of African Energy Chamber.