National Sports Commission Reaffirms Commitment as Partner and Co-host of the Sports Africa Investment Summit

Source: Africa Press Organisation – English (2) – Report:

LAGOS, Nigeria, January 21, 2025/APO Group/ —

The National Sports Commission (NSC) has reaffirmed its active participation as a Partner and Co-Host of the upcoming Sports Africa Investment Summit (SAIS) 2025. Under the leadership of its Chairman, Mallam Shehu Dikko, the NSC has reiterated its unwavering dedication to advancing the summit’s mission of driving economic growth through sports. With the summit now scheduled for February 17th and 18th, 2025, this adjustment reflects the Commission’s commitment to ensuring the event aligns with its renewed vision of fostering a sustainable and inclusive sports ecosystem in Nigeria.

In a statement on the postponement, Mallam Shehu Dikko emphasized:

“The National Sports Commission is committed to shaping a sustainable and inclusive sports ecosystem in Nigeria. The decision to postpone SAIS reflects our desire to align this summit with our renewed vision and ensure that public sector engagement is maximized. This extra time will enable us to strategically mobilize resources, foster collaborations, and demonstrate leadership in the sports investment space.”

As a highlight of SAIS 2025, Mallam Dikko will deliver a landmark agenda-setting keynote address during the opening ceremony on February 17th. His address will underscore the Commission’s strategy for repositioning sports as a robust economic sector powered by innovative business models, and reaffirm its role as a catalyst for social and community transformation in Nigeria and across Africa.

Mallam Dikko will also participate as a panelist in two key breakout sessions:

  • Facilities, Stadiums, and Arenas: The Sports Infrastructure Strategy for Industry Development
  • Accelerating Industrialization through Sports Development and Investments

Through these engagements, Mallam Dikko will further emphasize the NSC’s commitment to fostering public-private partnerships and leveraging sports as a driver of sustainable development. This collaboration underscores the Commission’s vision of transforming sports into an economic powerhouse capable of delivering wide-reaching social and community impact.

With the theme “Unleashing Africa’s Potential: Investing in Sports Infrastructure for a Sustainable Future,” SAIS 2025 is set to bring together policymakers, investors, and industry leaders to explore transformative strategies that unlock significant opportunities across Africa’s sports ecosystem.

Event Details

  • Dates: February 17–18, 2025
  • Venue: Lagos Continental Hotel, Kofo Abayomi Street, Victoria Island, Lagos
  • Time: 9:00 AM Daily

For tickets and registration, visit www.SportNigeria.ng/SAIS, email sais@sportnigeria.ng, or contact 0706 203 8705 (Call/WhatsApp).

APO Group Vice President: Public Relations (PR) & Strategic Communications, Rania El-Rafie, wins Most Innovative Woman of the Year 2025 Award in Middle East & North Africa Stevie® Awards

Source: Africa Press Organisation – English (2) – Report:

JOHANNESBURG, South Africa, January 21, 2025/APO Group/ —

APO Group (www.APO-opa.com), the leading pan-African communications consultancy and press release distribution service, is proud to announce that Rania El-Rafie, Vice President, Public Relations and Strategic Communications has been awarded a Bronze Stevie® Award in the ‘Most Innovative Woman of the Year’ category of the sixth annual Middle East & North Africa Stevie® Awards, sponsored by the RAK (Ras Al Khaimah) Chamber of Commerce and Industry, one of the oldest chambers in United Arab Emirates (UAE).

Established to promote trade and investment, the RAK Chamber of Commerce and Industry plays a key role in supporting local businesses and fostering economic growth, serving as a vital hub for regional commercial development. 

Hailing from Egypt, in January 2024, Rania became the first person to be promoted to VP of Public Relations and Strategic Communications from within APO Group and the youngest person to hold this key strategic role. Rania, who has been with APO Group since 2020, leads a high-performing team of PR and strategic communications experts. Under her leadership, her team represents some of Africa’s most influential brands. Their portfolio includes high-profile clients such as Canon, Nestlé, TikTok, the Jack Ma Foundation, Liquid Intelligent Technologies, Marriott, Afreximbank, GITEX, MSD, and Western Union, amongst others. 

The Middle East & North Africa Stevie® Awards are the only business awards programme to recognise innovation in the workplace in 18 nations in the Middle East and North Africa. The Stevie® Awards are widely considered to be the world’s premier business awards, conferring recognition for achievement in programmes such as The International Business Awards® for 23 years. Nicknamed the Stevies for the Greek word for “crowned,” the awards will be presented to winners during a gala event on 22 February at the Waldorf-Astoria Hotel in Ras Al Khaimah, United Arab Emirates. 

As a winner in the ‘Most Innovative Woman of the Year’ category, Rania joins several prominent figures shaping the business landscape in Africa and the Middle East, including Dr. Rasha Abousamra, Doctor of Business and Researcher at Higher Colleges of Technology Sharjah, and Latifa Saleh AlShehhi, Director of Investment Data Department at the UAE Ministry of Investment.  

“I am deeply honoured to receive the Bronze Stevie® Award as one of the most innovative women of the year in the Middle East and North Africa. This recognition is a testament to the power of creativity and resilience of excellence in public relations and strategic communications. At APO Group, we are driven by the belief that innovation is the key to unlocking potential and making a lasting impact. This award is not just a personal milestone but a reflection of the incredible team and partners who inspire and support our vision every day. Together, we will continue to break new ground and shape the future of communications in the region.” 

Celebrating the win, APO Group Founder and Chairman Nicolas Pompigne-Mognard added: “Our purpose at APO Group is to champion Africa’s narratives, amplify Africa’s voices, and bridge Africa and the world. We do this by crafting narratives aimed at transforming how the world sees Africa, showcasing its cultural diversity, empowering its people, and celebrating its collective and individual achievements. APO Group is a strong proponent of innovation, as well as gender empowerment, and we are so proud to see the Stevie® Awards recognise Rania’s professional achievements as she continues to make an incredible mark on the industry.”  

This year, over 1,100 nominations from organisations across the Middle East and North Africa were considered in various categories. Gold, Silver, and Bronze Stevie® Award winners were determined by the average scores of 118 executives around the world acting as judges on five juries. 

Read more about the Middle East & North Africa Stevie® Awards at http://MENA.Stevieawards.com.  

Côte d’Ivoire: South-South meeting to promote gender equality and combat deforestation

Source: Africa Press Organisation – English (2) – Report:

ABIDJAN, Ivory Coast, January 21, 2025/APO Group/ —

From 10 to 12 December 2024, the African Development Bank (www.AfDB.org), through the Climate Investment Funds (CIF) (https://apo-opa.co/40lzxkN), initiated a South-South exchange trip , which saw a delegation from Burkina Faso visiting Côte d’Ivoire, to share learning with Ivorien counterparts on the implementation of an information system for safeguards relating to the REDD+ initiative (Reducing Emissions from Deforestation and Forest Degradation) and its benefit-sharing mechanism. 

Nathalie Gahunga, Head of the Bank’s Gender and Women Empowerment Division, commended the delegations from the two countries on their commitment to sharing their experiences of integrating gender in projects aimed at combating climate change and deforestation. 

Bruno Zouré, a gender expert and Bank consultant, led a workshop for the participants. Explaining the concept of gender, often confused with biological sex, he noted that “gender refers to the roles, behaviours and responsibilities culturally assigned to men and women”, adding that gender is not about simple arithmetical equality or favouritism towards women, but instead the analyses of inequalities and disparities in order to achieve social justice and equitable development. 

This exchange enabled participants to learn about setting up an information system on REDD+ safeguards, and about reviewing tools for integrating gender into climate policies and projects. These tools include those focused on gender-sensitive budgeting, gender marker systems, and on guaranteeing the inclusion of women and other vulnerable groups in the REDD+ benefit-sharing mechanism.  

The “Leave No One Behind” concept and a human rights-based approach were also discussed, highlighting the importance of taking into account the differing impacts of climate change projects on men and women – to achieve greater social justice in project implementation. 

The workshop was followed by a field visit to the Agnéby-Tiassa region (Agboville), to give the Burkina Faso REDD+ team an insight into implementation of REDD+ activities, as well as facilitate a discussion of gender-sensitive benefit mechanisms with beneficiaries of the PROMIRE project (Promoting zero-deforestation cocoa production for reducing emissions in Côte d’Ivoire). 

Participants visited a 1,763-hectare forest restoration site belonging to Mr Raphael Agbé in the village of Ségbévi. Planted entirely with forest tree species, the site showcases efforts to restore biodiversity and strengthen the resilience of ecosystems. 

Participants also visited a 2.45-hectare cocoa agroforestry site in the village of Ananguié, belonging to Sylvie N’Gbesso, who is working to restore the forest cover. Ms. N’Gbesso has achieved a substantial increase in production by including forest trees in her plantation, thanks to techniques learned through the PROMIRE project. 

The event was part of a programme financed by the Climate Investment Funds (CIF) and implemented by the African Development Bank, in collaboration with the government of Burkina Faso. 

Link to Web Story: https://apo-opa.co/3E3qSfk

APO Group Supports African Excellence as Nairobi Chamber Chorus Joins Legendary Film and Music Composer Hans Zimmer on United States (US) Tour

Source: Africa Press Organisation – English (2) – Report:

NAIROBI, Kenya, January 21, 2025/APO Group/ —

APO Group (www.APO-opa.com), the award-winning pan-African communications consultancy and press release distribution service, is proud to announce its partnership with the Nairobi Chamber Chorus (NCC), a world-renowned Kenyan choral ensemble recently invited to join the US tour of legendary film composer Hans Zimmer. Zimmer, celebrated for his iconic scores in The Lion King, Gladiator, Dune, and Inception, is a two-time Academy Award® winner, a three-time Golden Globe® Award winner, a five-time Grammy® Award winner, and has also earned an American Music Award, a Tony® Award, and six Emmy® nominations.

As part of this collaboration, APO Group will provide pro bono public relations services to amplify the choir’s story on the global stage. This initiative reflects APO Group’s dedication to supporting African talent and showcasing the continent’s remarkable contributions to the arts. By amplifying the extraordinary journey and achievements of the Nairobi Chamber Chorus, APO Group aims to inspire the youth of Kenya and Africa, encouraging them to pursue their dreams, believe in their potential, and demonstrate that they, too, can achieve global success and thrive on the international stage.

The Nairobi Chamber Chorus’ remarkable achievements, including performing alongside the legendary film and music composer Hans Zimmer, serve as a powerful showcase of Africa’s immense talent. By performing on a global stage with one of the industry’s best, the choir has proven that African artists can compete and excel at the highest levels of international performance.

The young men and women of the Nairobi Chamber Chorus will travel to the US to participate in a world-class production, performing in front of hundreds of thousands of people. This once-in-a-lifetime experience will provide them with invaluable international exposure and the opportunity to showcase their talent on a global stage.

This pro bono partnership with the Nairobi Chamber Chorus is the latest in a long series of initiatives by APO Group aimed at changing the narrative about Africa. By supporting African talent and amplifying positive stories from the continent, APO Group seeks to challenge stereotypes and highlight Africa’s rich cultural contributions to the global stage. Through exclusively pro bono partnerships with organisations making a difference, APO Group continues to showcase the excellence, innovation, and creativity emerging from Africa, inspiring a new generation to embrace their potential and reimagine Africa’s place in the world.

Founded in 2005 by visionary conductor Ken Wakia, the Nairobi Chamber Chorus has become a platform for young Kenyan musicians to nurture their artistic talents. Over the past two decades, NCC has built a reputation as one of Africa’s premier choral groups, representing the continent on prestigious international stages and embodying the rich cultural heritage of Kenya and Africa at large. The choir has mentored and developed over 200 alumni who are now among Kenya’s leading musicians.

Ken Wakia, who was recently named one of the Top 100 Most Influential Africans of 2024, shared his excitement about the collaboration, saying: “We are thrilled to partner with APO Group as we continue to showcase Africa’s musical excellence to the world. Their expertise in communications will help us share our message of peace and cultural unity through music.”

Nicolas Pompigne-Mognard, Founder and Chairman of APO Group, said: “At APO Group, we are proud to partner with the Nairobi Chamber Chorus as they represent Africa on the global stage. This partnership reflects our commitment to amplifying positive African stories and celebrating the continent’s remarkable contributions to the world.”

In 2025, NCC will celebrate its 20th anniversary. The choir has achieved several remarkable milestones, including becoming the first Kenyan choral group to perform for the late Queen Elizabeth II at her Diamond Jubilee in 2012. By 2019, NCC’s global representation reached new heights, being the only African ensemble invited to perform at the American Choral Directors Association National Conference. Their groundbreaking collaboration with Academy Award-winning composer Hans Zimmer further solidified their legacy, making NCC the first African choral group to feature in both the “World of Hans Zimmer” programme and the prestigious “Hans Zimmer Live” tour.

In addition to their musical accomplishments, NCC is deeply committed to promoting peace and cross-cultural understanding. Initiatives like “A Voice for Peace,” launched in partnership with the Festival Singers of Florida, reflect this commitment. The project united choirs worldwide in performing a traditional Zulu song, “Ukuthula,” as a prayer for global peace.

As Wakia aptly puts it, “What if people all over the world stopped what they were doing just for one minute and sang?”. Through their music and their mission, NCC continues to inspire audiences and reshape narratives about Africa, proving that the continent is a symbol of inspiration and artistic excellence.

As NCC approaches its 20th anniversary, the choir will embark on exciting tours to Austin, Texas on 31 January 2025, and Riyadh, Saudi Arabia on 24 January 2025, further cementing their place on the global stage. They will also be joining Hans Zimmer on his tour of Australia and Asia later in the year.  The collaboration with Hans Zimmer will continue, taking their groundbreaking partnership to new heights as part of the renowned “Hans Zimmer Live” tour.

 More information about Hans Zimmer Live: https://apo-opa.co/40DIqrg

Empowering Women in Libya’s Energy Sector: Key Insights from Libya Energy & Economic Summit (LEES) 2025

Source: Africa Press Organisation – English (2) – Report:

TRIPOLI, Libya, January 21, 2025/APO Group/ —

Female leaders in Libya’s energy sector gathered at the Libya Energy & Economic Summit (LEES) 2025 for the Women in Energy Roundtable to spotlight transformative initiatives and chart a path forward for greater inclusion. Under the theme Libya’s Energy Renaissance – Women as Catalysts for Progress and Innovation, panelists emphasized the urgency of policy reforms, digitalization, skills development and leadership visibility to drive change in the sector.

Moderated by Fatima Swehli, Founder & Managing Partner at FS Legal Services, the session featured actionable insights from industry experts and leaders. Opening the discussion, Sophie Kemkhadze, Resident Representative for Libya at the U.N. Development Program (UNDP), highlighted the transformative potential of sustainable energy for women in Libya.

“Access to sustainable energy has the potential to transform the lives of women in Libya, erase poverty and drive development. While only 11% of women hold leadership positions in the energy sector, renewables could be a game-changer, with 40% of women already employed in the solar industry.” Kemkhadze also outlined UNDP initiatives such as an energy hub providing women with technical support, financing and access to technology.

Echoing these points, Mounia Attiga, Energy & Sustainability Strategist and Chair of Lean In Equity and Sustainability – North Africa, stressed the role of digital transformation in creating opportunities. “This is a great opportunity for Libyan women to develop the necessary skill set for future jobs in the energy sector. Visibility is also important – participating in events helps women reach leadership positions.”

Structural barriers and the need for reforms were highlighted by Asma Muttawa, Counsel at White & Case LLP, who called for innovative solutions to address gender inequality. “Energy poverty is the highest in Africa, and we need to encourage projects that promote Libya’s sustainable development. A tax rebate for companies employing more women, along with flexible hours, childcare and corporate social responsibility initiatives, could create real change.”

Focusing on capacity building, Dr. Rabia Mgeig, Technical Advisor at the National Oil Corporation (NOC), emphasized mentorship and technical training. “Specialized workshops and capacity-building programs can help women gain technical expertise, build support networks and establish industry connections. Many women have already succeeded despite the challenges.”

Nusaiba Alraes, Associate at Eltumi Partners, reinforced the importance of a comprehensive approach to improving women’s participation. “We need to address gaps in the regulatory framework, invest in training and mentorship and ensure women’s participation in industry platforms and events. Digitalization is a powerful tool to increase women’s presence in the sector.”

Governance improvements were identified as a critical factor for inclusion by Mariam Ben Naji, Legal Advisor at NOC. “Strengthening professionalism and governance will help increase women’s representation in Libya’s energy sector.”

“The key to success is stepping out of your comfort zone, being confident and gaining visibility. Work-life balance remains one of the biggest challenges for women in Libya,” added Aziza Almangush, Reserve Development Department Manager at Zallaf.

The roundtable served as a platform to address challenges and highlight strategies for fostering a more inclusive energy sector in Libya, emphasizing the pivotal role of women in driving progress and innovation.

MainOne Lights Up on Equiano, Providing Unparalleled Redundancy for Enterprises

Source: Africa Press Organisation – English (2) – Report:

LAGOS, Nigeria, January 21, 2025/APO Group/ —

MainOne (www.MainOne.net), a leading provider of connectivity and data center services for businesses in West Africa, is excited to announce an additional layer of service to its customer through the Equiano submarine cable. This move provides an additional layer of resiliency for MainOne’s enterprise customers, ensuring uninterrupted service to support their growing business online at no additional cost.

Over the past decade, MainOne has enabled the digital transformation journey of these businesses with its pioneering services to operate digital-first business models whereby uninterrupted connectivity is paramount. Recognizing the challenges its customers face in ensuring business continuity amidst network disruptions such as the submarine cut earlier this year, MainOne has taken proactive steps to fortify its network. By incorporating capacity on the Equiano submarine cable into its network, MainOne is offering customers an additional level of redundancy to ensuring more reliable connectivity at all times.

’’We understand the technical complexities and cost associated with building and managing redundant network infrastructure,” noted Oluwasayo Oshadami, Director, Solutions Architect at MainOne, Solutions by Equinix. “Our customers can remain focused on the core of their business operations, not on the intricacies of managing multiple networks, fail-overs or resilience. With the integration of Equiano, we are simplifying and eliminating the stress of managing multiple cable connections for our end users. Hence, we give them the peace of mind they deserve.”

Enterprises can be confident that their network is supported by world-class infrastructure that is continuously monitored and maintained by a team of experts. MainOne’s proactive approach in enhancing its network resilience underscores its position as a trusted partner for businesses across West Africa. The integration of Equiano into its network is a testament to this commitment and reinforces the company’s position as a trusted partner for businesses in Nigeria.

Driving Oil Output: Republic of Congo’s Landmark Projects Set to Boost Production by 2025

Source: Africa Press Organisation – English (2) – Report:

BRAZZAVILLE, Republic of the Congo, January 21, 2025/APO Group/ —

The Republic of Congo is gearing up for a significant increase in its oil output over the next three years, driven by a series of landmark projects spearheaded by industry giants including TotalEnergies, Trident Energy and Perenco. With an ambitious goal of doubling oil production to 500,000 barrels per day by 2025, the country is focusing on expanding production in both new and mature fields. This strategic drive positions the Republic of Congo as one of the most promising oil producers in Central Africa, looking to harness untapped reserves and maximize the potential of existing assets.

At the upcoming Congo Energy & Investment Forum (CEIF), a dedicated session on Driving Oil Output will provide an in-depth look at the Republic of Congo’s efforts to sustainably increase its oil production. The session will highlight crucial developments across the country’s energy sector, with discussions centered on the contributions of major players, including TotalEnergies’ $600 million investment in the Moho Nord field, which is expected to add 40,000 barrels per day (bpd) to national production. Delegates will also hear from industry leaders about Trident Energy’s recent entry into the Nkossa, Nsoko II, Lianzi and Moho-Bilondo fields, which is expected to boost Trident’s global production by about 30,000 bpd and reinforce Congo’s growing role in the global oil market.

In addition to these new projects, the Republic of Congo is seeing revitalization efforts in its mature fields, such as Tchibouela II and Tchendo II, operated by Perenco. These fields are undergoing extensive upgrades, including new drilling and seismic assessments, aimed at increasing their output and extending their lifespan. Perenco, which confirmed a production rate of 80,000 bpd in October 2024 following a $30 million investment, is set to reach 100,000 bpd in 2025 through additional investments and advanced techniques to revitalize aging wells and access previously untapped reserves.

The Driving Oil Output session will address the broader strategic importance of these developments for the Republic of Congo’s energy ambitions, particularly in terms of regional cooperation and energy security. With new fields coming online and mature assets benefiting from advanced technology and expertise, the country is positioning itself as a key energy player in Central Africa. The session at CEIF will provide stakeholders with valuable insights into how these projects are helping the Republic of Congo meet its production goals while fostering economic growth and diversification in the energy sector.

By highlighting the country’s potential to increase oil production sustainably and strategically, CEIF 2025 will underscore the Republic of Congo’s growing role within Africa’s dynamic energy market. Participants will learn firsthand how collaboration between local and international stakeholders is essential to unlocking the full potential of these landmark oil and gas projects, which are set to transform the national energy landscape.

The inaugural Congo Economic and Investment Forum, set for March 24-26, 2025 in Brazzaville, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

Libyan Trade Minister Highlights Energy as Key to Economic Growth

Source: Africa Press Organisation – English (2) – Report:

TRIPOLI, Libya, January 20, 2025/APO Group/ —

Libya’s economic growth and energy potential took center stage at the Libya Energy & Economic Summit (LEES) in Tripoli on January 19, as Libya’s Minister of Economy and Trade Mohamed Al-Hwej outlined the country’s goals for energy expansion and economic diversification. 

“There is no economy without energy, and this platform represents a strategy for growth,” said Minister Al-Hwej. He outlined Libya’s untapped hydrocarbon reserves and solar energy potential, reaffirming the country’s commitment to increasing crude oil production to two million barrels per day, while also focusing on downstream development and diversification. “Libya is ready not only to produce crude oil, but also to develop chemical and petroleum products. We aim to be a strategic hub, connecting Europe and Africa,” he added. 

Following the keynote, a panel discussion on investment strategies, sponsored by Zahaf & Partners Law Firm, explored political stability, regulatory frameworks and incentives to attract investment to Libya’s energy sector. Moderated by Michel Cousins, Editor-in-Chief of Libya Energy, the session underscored Libya’s competitive advantages. 

Echoing the Minister’s remarks, Nicolas Pringault, Vice President and Country Manager for Libya and Algeria at Harbour Energy, emphasized Libya’s robust reserves. “Libya has the highest reserves in Africa, with 48 billion barrels of oil and 1.3 trillion cubic feet of gas. This is very encouraging for IOCs looking to explore,” Pringault noted. 

Despite its abundant natural resources, Dr. Ahmed Ali Attiga, Banker and Senior Advisor – Private Equity, and former CEO of the Arab Petroleum Investments Corporation, identified political division as a persistent barrier to investment. “Stability is essential, but it does not align with a divided country. This is the challenge Libya faces. Investors will come, and money will flow, but first, Libya must put its house in order,” Attiga remarked. 

Azza Maghur, Senior Strategy Advisor at Murzuq Oil Services, cautioned against changes to Libya’s existing legal framework, which she believes is critical to maintaining investor confidence. “Given the situation today, we should stick to the laws we have to maintain stability. The protection we have through arbitration is crucial – I strongly recommend we do not change the legal framework for now, as it ensures investor confidence.” 

Closing the discussion, Mohamed Dikna, Senior Consultant at Zahaf & Partners Law Firm, underscored that Libya (https://apo-opa.co/4g317ZL) already offers strong legal protections to investors. “If you have incentives and invest significant capital, but political unrest occurs, your investment becomes meaningless. However, Libya’s investment laws, including the Value-Added Incentive Tax at 26%, provide strong protection,” said Dikna. 

Afreximbank receives AAA/Stable rating from China Chengxin International Credit Rating Co.

Source: Africa Press Organisation – English (2) – Report:

CAIRO, Egypt, January 20, 2025/APO Group/ —

China Chengxin International Credit Rating Co., Ltd (CCXI) has assigned an ‘AAA/Stable’ rating to African Export-Import Bank (Afreximbank) (www.Afreximbank.com), recognising the Bank as a leading Multilateral Financial Institution (MFI) on the continent.  Afreximbank is the first African Multilateral Financial Institution to receive AAA rating from CCXI.

In its 2024 Credit Rating Report for African Export-Import Bank, released in Beijing on 15 January, CCXI noted that the rating considered, as key rating strengths, Afreximbank’s “very high strategic positioning; sound risk management system; agility and adaptability in business generation, very strong profitability and prudent liquidity management underpinned by a very high coverage ratio of current assets over short-term debts”.

“CCXI recognizes Afreximbank’s strategic relevance to the (African) continent and its ability to execute on its strategic goals and mandate and to meet the needs of member states at different stages of development, even during the most challenging times,” it added, stating that it believed that Afreximbank’s ratings would remain stable over the next 12 to 18 months.

Reacting to the rating announcement, Denys Denya, Afreximbank’s Senior Executive Vice President, noted that the rating represented the strongest endorsement the Bank had received from any credit rating agency and that the Bank had become one of the first African multilateral financial institutions to achieve a top credit rating grade in the Chinese market, especially on the strength of its stand-alone credit profile.

“This is, again, a testament to the Bank’s systemic relevance to the African continent; its strong delivery of its developmental mandate; its prudent risk management practices and its relentless focus on capital and liquidity over the years which have culminated in a formidable rating that provides us with new opportunities to raise competitively priced capital in China and to diversify our funding partnerships,” continued Mr. Denya.

Confirming that the Bank would continue to play a pivotal role in facilitating China-Africa trade and investment across its Member States, he highlighted the robust relationships it enjoys which illustrates how integral it has become to the achievement of the African Union’s key strategic economic programmes and initiatives, covering the continent and the diaspora, thereby integrating Global Africa.

According to Mr. Denya, the rating puts Afreximbank on a stronger footing as it embarks on fundraising activities in a relatively new capital market as we continue to leverage optimal financial resources into Africa.

He pointed out that the ‘AAA’ credit rating would give utmost assurance to the Bank’s new and existing funding partners in China to support the Bank’s fundraising activities on competitive terms and would position the Bank to pursue its developmental mandate and objectives.

Since 2019, Afreximbank has grown its assets by 28 per cent (5-year CAGR), achieving a return on average equity of 11 per cent and sustaining its capital adequacy at 25.5 per cent, on average, with the growth strongly supported by shareholders. It launched its largest general capital increase in 2021, targeting to raise US$2.6 billion by 2026, but achieved nearly 90 per cent of that target in three years in a remarkable demonstration of support from shareholders, despite volatile macroeconomic circumstances.

Afreximbank continues to enjoy strong market access and aims to diversify its funding base into new debt capital markets, on the back of its highly successful inaugural Samurai bond issuance in 2024. It will be exploring opportunities to tap into the Chinese Panda bond market in 2025 to support and facilitate accelerated trade and investment between China and Africa and to expand its existing funding partnerships.

Kenya’s farmers have lots of digital tools to help boost productivity – how they can be made more effective

Source: The Conversation – Africa – By Evelyne Njuguna, Doctoral Reseacher in Agricultural Economics, University of Hohenheim

Digital agriculture is often hailed as an almost magical trigger for promoting successful farming, even among smallholder farmers in the developing world.

Its proponents argue that using digital tools to, for instance, generate records and calendar schedules, can help farmers grow better crops, manage their resources more efficiently, and connect with organised markets, all while reducing post-harvest losses.

But not all researchers are convinced that digital solutions are the answer to farmers’ problems. Some argue that the hype around these tools diverts attention from the real, on-the-ground challenges farmers face.

One Kenyan avocado farmer, speaking to a researcher in 2021, said: “We don’t need another app.” Rather, he said: “Crates! We need crates to avoid our avocados getting smashed on the way to the buyer.”

Kenya has become a particularly ripe market for digital agriculture tools. The country, one of Africa’s major technology hubs, has been labelled the “Silicon Savannah”. Eighty percent of its approximately 4.5 million smallholder farmers own mobile phones and operate within Kenya’s well established mobile money ecosystem.


Read more: Digital solutions are boosting agriculture in Kenya, but it’s time to scale up. Here’s how


We are researchers in agricultural economics. In a recent study we examined Kenya’s digital agriculture landscape to see what solutions were available and whether these were addressing farmers’ real challenges.

We took an inventory of all the digital agriculture tools listed in Google’s Play Store, assessing the technology and services offered by these tools with information from their own homepages. Some are phone apps; others are innovations whose hardware can be mounted onto farm machinery or are standalone gadgets like handheld scanners. We also studied peer-reviewed articles and reports to see where such tools had documented impacts, with a particular focus on Kenya.

We found that, over the past decade, the number of digital tools available to smallholder farmers has greatly increased. These tools have, as documented in the literature we reviewed, helped farmers (in Kenya and elsewhere) improve their knowledge, access markets, and boosting productivity and income.

However, better integration of digital solutions with traditional farming practices is crucial. Field experts must support farmers in applying digital advice and provide hands-on guidance. Additionally, combining these solutions with local knowledge, cultural practices and market development will make them more effective and beneficial for farmers.

What tools are available to farmers?

Investing in agriculture is one of the fastest and most effective ways to reduce poverty, ensure food security, and transform the economies of developing countries’ rural areas.

But in Kenya, as in many other African countries, farmers struggle with low agricultural productivity. It is up to five times lower than the global average.

One of the reasons is limited agricultural services, such as extension services. These services offer technical advice and support and help farmers to access the inputs they need for production, like fertilisers and seeds. In Kenya, there is only one extension agent per 1,200 farmers. Farmers struggle to access high quality seeds and fertilisers.

Many digital agriculture tools promise to resolve these issues.

In our study we found that the number of digital tools available to farmers in Kenya had tripled over the past decade, from 17 in 2013 to 52 in 2023.

The development of these tools surged in 2016 but has slowed down recently. This may be due to market saturation and a focus on improving existing tools. There’s a shift from tools that offer general farming information (which could also be found in text books or advisory material) to “farm-specific” tools. These provided personalised advice based on farm or livestock-specific data that farmers either entered manually or was collected digitally by sensors.

Some examples of apps include iShamba, which provides information and enables learning for farmers, and the AgroCares Scanner, offering advice on soil health based on farm-specific testing. Another is DigiFarm, which connects farmers with financial services.

Most of these tools are developed by private companies, though some work with public extension services. Many are designed for farmers with smartphones. Others rely on feature phones or use intermediaries to connect less tech-savvy farmers with the services they need.

How do digital tools address farmers’ challenges?

The literature review part of the study allowed us to identify several ways digital solutions can and do help farmers in Kenya.

However, digital agriculture tools’ effect on food security and the environment remains unclear.

What is missing?

The effectiveness of farm-specific solutions depends on accurate and reliable data. Challenges like limited access to smartphones and data, as well as digital literacy, must be addressed.

We also found that few tools explicitly target sustainable practices or offer climate adaptation solutions. Integrating metrics like water use efficiency and soil health into digital platforms can help farmers make eco-friendly decisions, and adapt to weather related risks. Governments and agencies could incentivise such climate-resilient practices through digital platforms.


Read more: Technology can boost farming in Africa, but it can also threaten biodiversity – how to balance the two


There are also gaps in understanding the long-term effects of digital tools on farm productivity, food security and environmental sustainability.

Finally, comprehensive and rigorous evaluations are needed to understand the full effect of these tools: their usability, affordability, and how easy it is to integrate them with existing farming practices.

– Kenya’s farmers have lots of digital tools to help boost productivity – how they can be made more effective
– https://theconversation.com/kenyas-farmers-have-lots-of-digital-tools-to-help-boost-productivity-how-they-can-be-made-more-effective-246690