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Tag: Chief Executive Officer

  • AFC, NGX Strengthen Market Capability to Unlock Capital for Nigeria’s Infrastructure Development

    AFC, NGX Strengthen Market Capability to Unlock Capital for Nigeria’s Infrastructure Development

    Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, and Nigerian Exchange Limited (NGX), the sustainable exchange championing the development of Africa’s largest economy have concluded a two-day capacity-building programme designed to strengthen the technical capabilities required to structure and finance infrastructure projects through Nigeria’s capital markets. The two-day workshop, held on 17–18 November 2025 in Lagos, convened professionals from regulatory agencies, institutional investors, project sponsors, and financial institutions to strengthen capacity in project and infrastructure finance, and to explore how Nigeria’s capital markets can serve as a critical platform for financing sustainable infrastructure.

    Nigeria’s infrastructure deficit, long recognized as a constraint on productivity and competitiveness, is estimated to reach US$2.3 trillion by 2043, with some projections rising toward US$3 trillion over the coming decades. The workshop was convened to address the urgent need for innovative financing mechanisms capable of mobilizing long-term domestic capital into bankable infrastructure opportunities.

    Banji Fehintola, Executive Board Member and Head of Financial Services at AFC said,” Closing the continent’s funding gap requires building local expertise and robust market structures that can support complex, long-term projects. At AFC, we are committed to advancing not just project financing, but the full framework required to deliver bankable, sustainable infrastructure solutions. Our partnership with NGX reflects our belief that Nigeria’s capital markets can and must play a pivotal role in mobilising the scale of domestic resources required to drive the country’s long-term development.”

    Over the two-day programme participants explored frameworks for project structuring, risk allocation and credit enhancement- tools essential for bringing infrastructure assets to market. The sessions also examined emerging capital market instruments including green bonds, infrastructure REITs, blended finance structures and partial risk guarantees, highlighting practical pathways to mobilize long-term domestic and international capital for infrastructure.

    Jude Chiemeka, Chief Executive Officer of NGX, highlighted the importance of deepening expertise across the market: “As capital markets assume a more central role in financing Africa’s development, building technical depth across the entire ecosystem becomes essential. Through NGX X-Academy, our dedicated capacity-building platform, we are equipping market participants with the specialized knowledge required to originate, structure and manage infrastructure assets that meet both local needs and global investment standards. This collaboration with AFC is a critical step in ensuring that Nigeria and the wider region develop the institutional capabilities to attract and deploy patient capital at scale.”

    The workshop marks a milestone in the growing collaboration between AFC and NGX, reinforcing their shared commitment to unlocking sustainable, market-led infrastructure financing. Both institutions plan to build on this momentum through follow up initiatives aimed at deepening engagement and translating insights from the programme into tangible financing solutions for critical infrastructure projects.

  • Emirates Flight Catering’s mission to serve 300,000 meals at the Dubai Airshow

    Emirates Flight Catering’s mission to serve 300,000 meals at the Dubai Airshow

    When the Dubai Airshow opens its doors on 17 November, behind the incredible aircraft displays and billion-dollar deals will be an equally impressive operation: Emirates Flight Catering’s (EKFC) culinary mission to blend extraordinary scale with precision.

    EKFC, the official caterer for Dubai Airshow 2025, is preparing to serve over 300,000 meals to a diverse audience of aviation and aerospace executives, government ministers, military delegations, industry professionals, guests and visitors from over 98 countries.

    This feat requires building two complete central kitchens from scratch, deploying nearly 2,600 staff members, and catering to over 150 chalets, country pavilions and exhibition stands with cuisine as diverse as the global aviation and aerospace community itself.

    The scale is significant. Over 35,000 meals have already been pre-booked for chalets and country pavilions, 74 interns have been recruited from prestigious hospitality institutions, and the required on-site infrastructure has been built in less than two weeks.

    But scale is only part of the story. By bringing all catering in-house, EKFC can ensure consistent quality and flexibility to adapt quickly to any request.

    Shahreyar Nawabi, Chief Executive Officer of Emirates Flight Catering said: “At the upcoming Dubai Airshow 2025, EKFC’s focus will be showcasing what’s possible when you combine airline catering expertise with event-scale execution. Our diversity of culinary talent means we can authentically deliver any cuisine, from French, Middle Eastern and Indian to Russian, Chinese and Japanese dishes, among a multitude of others. Our skilled and experienced team of chefs don’t just understand recipes, but also the cultural nuances and preferences of guests from nearly 100 countries.

    We’ve assembled a robust workforce of professionals and well-trained interns from top hospitality institutions and constructed two full-scale central kitchens on-site, supported by our Dubai World Central facility’s 150,000-meal daily capacity. This combination of culinary talent, purpose-built infrastructure, and strategic investment is operational excellence ready to be tested and proven at an unprecedented scale.”

    Building from the ground up

    EKFC has completed the construction of two major central kitchens strategically positioned between the exhibition building and the chalets to ensure optimal service delivery across the massive event site. EKFC facilities at the Dubai Airshow feature cold rooms, dishwasher areas, dedicated storage, independent power supply, and specialised refrigerated zones for pastry, cold kitchen operations, and central kitchen production.

    EKFC has also set up staff infrastructure including canteens, check-in facilities, welfare tents, uniform distribution centres, and rest areas. Everything has been built from the ground up, with construction commencing in late October and completed in approximately two weeks thanks to meticulous planning. One week before the airshow begins, the entire operation will be stress-tested with a dry run to ensure flawless execution.

    The logistics between EKFC’s DWC facility, located just behind the airshow site, and its Airshow site operations have been streamlined, with security scanners and airside access capabilities already in place to ensure secure and efficient operations throughout the event.

    Global flavours, made to order

    At the Dubai Airshow, EKFC will deliver authentic cuisine at scale with complete menu flexibility. EKFC chefs and culinary specialists will be matched to each pavilion’s requirements. And the culinary roster reads like a world tour: braised beef cheeks in black truffle sauce, elaborate Middle Eastern mezze spreads complementing lamb kofta kebab, Emirati tandoori lobster with saffron rice, Indian chicken pistachio kormas, Chinese dishes featuring wok cooking, and the list goes on.

    Exhibition halls will get on-demand service with basket orders, fresh pastries, and bespoke catering that responds to real-time needs rather than predetermined menus. This flexibility draws directly from EKFC’s airline catering heritage, where understanding diverse tastes, cultural preferences, and dietary requirements forms the foundation of the airline’s daily operations and unique regional menus.

    EKFC has partnered with leading brands, including several UAE-based concepts, to bring seven distinctive food experiences to Dubai Airshow attendees: Origami (Japanese cuisine), Onda (premium coffee), Yann Couvreur Pastry & Barista Experience, Dibba Oyster Bar (showcasing local Fujairah producers), an in-house salmon and caviar lounge, Bustanica Salad Bar (with poke bowl-style options), and a Middle Eastern and Persian BBQ station. Emirates Leisure Retail (ELR), a subsidiary of Emirates Group, will be operating Costa Coffee and a food truck village in the airshow’s SkyView area.

    Building workforce capacity

    EKFC has recruited 74 interns, including UAE Nationals, from renowned hospitality and tourism institutions, including GLION Switzerland, EHL Lausanne, Swiss Education Group, Bukhara State University Uzbekistan, Dubai College of Tourism, Ajman University, Les Roches Abu Dhabi, Zayed University, and NEST College UAE.

    Interns have undergone a six-month programme with cultural training, and they will put their training to work, not only in hospitality, but also in finance, HR, and sales and events operations.

    EKFC’s workforce deployment has been a coordinated effort that leverages the full strength of the organisation. This includes 1,800 staff which form the core team, supplemented by 500 personnel from DWTC, 280 team members from Emirates’ kitchens and lounges, and support from across all EKFC departments.

    EKFC staff will wear a custom cobalt blue uniform designed exclusively for the Dubai Airshow, breaking from the company’s red and black colour palette.

    Waste reduction initiatives

    With a focus on waste reduction and using resources more consciously, EKFC has eliminated plastic bottles across its operations at the Dubai Airshow, using glass instead with recycling systems in place.

    Each day, leftover food will either be composted or donated to a food bank through Dubai Municipality, with EKFC committed to ensuring minimal waste throughout the event. EKFC also sources locally where possible, partnering with suppliers like Dibba oysters and Mai Dubai to support local businesses.

    For more information on Emirates Flight Catering services, visit: https://www.emiratesflightcatering.com/

  • At Lagos Trade Fair, Dangote recommits to Nigeria’s full industrialization

    At Lagos Trade Fair, Dangote recommits to Nigeria’s full industrialization

    …unveils new sugar pack sizes, as LCCI lauds Dangote partnership

    The Pan-African Conglomerate, Dangote Industries Limited (DIL) has reaffirmed its unwavering commitment to driving the industrialization of Nigeria and the African continent at large.

    The company then pledged to continue its transformative efforts and maintain a leadership role in promoting sustainable economic growth across the region. This position was made known by the Group Executive Director, Commercial Operations, Hajiya Fatima Aliko Dangote, during the Dangote Special Day at the ongoing 2025 Lagos International Trade Fair, held at Tafawa Balewa Square in Lagos.

    This is in line with the leadership of the Lagos Chamber of Commerce and Industry (LCCI) describing Dangote Industries Limited as a worthy partner that has been pivotal to the Chamber’s success over the years.

    Hajiya Fatima Aliko Dangote, represented by the Group Sales and Marketing Director of Dangote Cement Plc., Mrs Funmi Sanni, described industrialisation as the most viable path to value addition, economic diversification, and large-scale job creation for the nation’s youth.

    While re-echoing the company’s plan to expand its Dangote Petroleum Refinery’s capacity from 650,000 barrel per day to 1.4mn per day by 2028, she stated that the theme of the ongoing trade fair, ” Connecting Businesses, Creating Value” was both timely and highly appropriate.

    According to her, it encapsulates the Chamber’s strategic vision of bringing together various stakeholders, including manufacturers, suppliers, distributors, and consumers, in the same location. This singular gesture, she stated, created an avenue for Business-to-Business engagements, Business-to-Consumer engagements, providing valuable feedback on areas of improvement.

    Aliko-Dangote said that the group, as Africa’s leading indigenous conglomerate, was connected to several businesses across the world and consistently creating value.

    She stated that the Dangote Group was being guided by its investment philosophy that only Africans can develop Africa. “This is why we have invested in many African countries. Recently, we had the historic groundbreaking ceremony of the $2.5 billion, 3 million Metric Tonne Urea Fertiliser Production Complex in Gode, Ethiopia.

    “This new plant is a partnership between the Dangote Group and Ethiopian Investment Holdings (EIH), the strategic investment arm of the Government of Ethiopia. The project at completion will generate thousands of direct and indirect jobs in the country while at the same time boosting agricultural output,” she said.

    Aliko-Dangote disclosed that the group had commenced the expansion of Dangote Cement Plant in Ethiopia with a $400 million investment plan for a second production line at the cement plant. She also added that its 3Mta Côte d’Ivoire grinding plant started operations in the third quarter, marking another major bold step in Dangote Cement’s growth journey, increasing our total installed capacity to 55Mta across Africa.

    “This milestone reinforces our commitment to regional self-reliance and strengthens our position as the continent’s leading cement producer. We have started construction of a new 6Mta integrated cement plant in Itori Ogun State, a facility that would be dedicated for export to neighbouring countries,” she stated.

    She stated that Dangote Fertiliser Ltd. and Dangote Polypropylene are to be expanded to increase their contribution to the domestic economy. She then affirmed the commitment of Dangote Sugar to ensuring that Nigeria ends the importation of raw sugar into the country by actively intensifying its execution of the Sugar Backward Integration.

    “In this regard, it has committed over $700 million in land acquisition, machinery, infrastructure, manpower, community relations, corporate social responsibility (CSR) and other impactful activities.

    Highlight of the Special Day was the unveiling of two new categories of Dangote Sugar pack, the 100ml sachet and 25kg bag by the Chief Executive Officer of Dangote Sugar Refinery Plc, Mr Ravindra Singhvi.

    He acknowledged the immense growth of the Dangote Group companies, highlighting its position as the largest in Africa and a significant player globally. Looking to the future, he announced ambitious plans for two major projects, which would focus on producing sugar from Nigeria, by Nigerians, and for Nigerians.

    According to him, these initiatives are set to significantly enhance the company’s capabilities and better meet market demands. He said: “Currently, the company offers 50 kg bags—both fortified and unfortified—for various consumer segments. In response to changing consumer preferences and market dynamics, two new packages are being launched: 25 kg bags and 100-gram bags.”

    In his remark at the ceremony, Mr. Gabriel Idahosa, President, LCCI, said the Dangote Group has been playing a visionary role and according to him the role of visionary industrial leadership was crucial to navigate the complexities of a rapidly evolving global economy.

    He stated that the leadership of Dangote Group had demonstrated industrial prowess by investing where others were hesitant, while expressing the appreciation of the Chamber for the collaboration and support the Company has extended to the Chamber over the years.

    Idahosa described the birth of Dangote Refinery as a clear demonstration of an industrialist utterly passionate about the country and willing to support various areas of impact. “With the Dangote Refinery having a confirmed capacity to meet the local demand in Nigeria, the Nigerian economic outlook looks bright.

    “The LCCI remained committed to fostering partnerships, promoting policy advocacy, and creating platforms that enabled businesses and industries to thrive,” he said.

  • NGX Advances Capital Market Access with Ellah Lakes’ ₦235 Billion Equity Offer

    NGX Advances Capital Market Access with Ellah Lakes’ ₦235 Billion Equity Offer

    Nigerian Exchange Limited (NGX) has reinforced its role as a catalyst for capital formation with the launch of Ellah Lakes Plc’s ₦235 billion Offer for Subscription. The offer which was launched during a Facts Behind the Offer presentation at NGX, underscores the Exchange’s commitment to deepening access to long-term financing for businesses driving Nigeria’s real sector growth.

    Ellah Lakes Plc, Nigeria’s pioneering integrated agro-industrial enterprise, is raising ₦235 billion through the issuance of 18.8 billion ordinary shares of 50 kobo each at ₦12.50 per share. The Offer, led by Rand Merchant Bank (RMB) as Lead Issuing House, opened on Monday, 10 November 2025, and will close on Friday, 5 December 2025.

    Speaking at the event, Mr. Jude Chiemeka, Chief Executive Officer of NGX, commended Ellah Lakes for leveraging the Nigerian capital market as a springboard for expansion: “The launch of this ₦235 billion equity raise underscores the depth and resilience of Nigeria’s capital market as a strategic enabler of corporate growth. At NGX, we are particularly pleased to see a leading indigenous agribusiness like Ellah Lakes harness the market to scale its operations and deepen value creation across the agricultural value chain. This Offer represents not only an opportunity for investors to participate in the country’s agro-industrial expansion but also a strong signal of renewed confidence in the Exchange as a gateway for transformative capital formation.”

    Mr. Chuka Mordi, Chief Executive Officer of Ellah Lakes Plc, described the Offer as a pivotal step in the company’s evolution: “This Offer for Subscription is about unlocking the next chapter of Ellah Lakes’ growth story. At an offer price of ₦12.50 per share, this raise reflects the intrinsic value of our scaled, integrated platform. We are inviting investors to participate in a clear growth trajectory built on over 30,000 hectares of resilient, diversified assets and strong processing capacity. The ₦235 billion equity expansion marks our transition from foundation building to full-scale market expansion, driving sustainable profitability and advancing Nigeria’s food security agenda.”

    Mr. Paul Farrer, Deputy Managing Director of Ellah Lakes Plc, further detailed the company’s deployment strategy: “Every naira from this raise has a clear strategic purpose. The proceeds will accelerate integration of the newly acquired Agro-Allied Resources & Processing Nigeria Limited (ARPN) assets and upgrade our crude palm oil and cassava processing facilities. Our goal is to deliver a step-change in operational efficiency and scale, maximising value for shareholders and contributing to the broader agro-industrial ecosystem.”

    The launch of the Ellah Lakes Offer for Subscription demonstrates NGX’s continued commitment to connecting issuers with investors and supporting companies across growth sectors in accessing efficient capital. The transaction offers institutional and retail investors a unique opportunity to participate in one of Nigeria’s most ambitious agro-industrial expansion stories, reinforcing NGX’s position as the exchange of choice for transformative financing.

  • NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

    NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

    Nigerian Exchange Limited (NGX) has reaffirmed its leadership in advancing Africa’s Islamic finance ecosystem through the strategic expansion of its Non-Interest Finance Board and active engagement at the 7th African International Conference on Islamic Finance (AICIF), held in Lagos from 4th to 5th of November 2025.

    Organised by The Metropolitan Skills Limited in collaboration with the Securities and Exchange Commission (SEC), the two-day event convened policymakers, regulators, development partners, and market participants to explore policy reforms, product innovation, and strategies to unlock liquidity across Africa’s Islamic finance markets.

    Speaking at the conference, Alhaji (Dr.) Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX Group), said NGX’s Non-Interest Finance Board has become a central platform for expanding access to Sharia-compliant financial instruments and attracting investors seeking transparency, inclusivity, and sustainability. “Through the Non-Interest Finance Board, NGX is building a dedicated platform for Sukuk, Islamic collective investment schemes, and non-interest exchange-traded funds,” Dr. Kwairanga stated. “Our goal is to broaden market participation while channeling capital towards productive sectors of the economy.”

    The Exchange currently hosts over ₦1.3 trillion in listed Sukuk, reflecting growing investor appetite for assets that deliver both financial returns and social impact. In collaboration with the Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM), NGX continues to strengthen governance frameworks and deepen the non-interest capital market to attract a broader base of ethical investors.

    Also speaking at the conference, Mr. Jude Chiemeka, Chief Executive Officer of NGX, highlighted the strategic role of non-interest finance in driving sustainable economic transformation and enhancing market inclusion. “At NGX, our Non-Interest Finance Board represents more than a platform, it embodies our commitment to unlocking ethical capital, diversifying investment opportunities, and driving sustainable development,” said Chiemeka. “By leveraging innovation and strategic partnerships, we are creating pathways for inclusive growth and positioning Nigeria at the forefront of Islamic finance in Africa.”

    Vice President Kashim Shettima, represented by Dr. Tope Fasua, Special Adviser to the President on Economic Matters, described Islamic finance as a credible mechanism for fostering equitable prosperity and sustainable development, urging broader adoption across African economies.

    Nigeria’s non-interest capital market has recorded significant expansion in recent years, with sovereign Sukuk issuances raising over ₦1.4 trillion to fund multiple projects nationwide. As the market continues to mobilise long-term, low-cost capital for infrastructure and sustainable development, Nigeria stands poised to lead Africa’s transition toward a more inclusive, ethical, and resilient financial future.

  • NGX Group Fuels Women’s Investment Drive, Engages 9,000 at FinTribe Finance Fair 2025

    NGX Group Fuels Women’s Investment Drive, Engages 9,000 at FinTribe Finance Fair 2025

    Nigerian Exchange Group (NGX Group), through its regulatory subsidiary, Nigerian Exchange Regulation Limited (NGX RegCo), has reaffirmed its commitment to expanding financial inclusion and deepening retail investor participation following the successful FinTribe Finance Fair 2025, which convened over 9,000 women focused on wealth creation and capital market opportunities.

    The event, organized by FinTribe, one of Nigeria’s fastest-growing women’s finance communities, has become a leading platform for promoting financial literacy and building investment confidence among women. NGX RegCo’s participation, through its flagship EquipHER initiative, featured interactive sessions that demystified capital market concepts and empowered women to make informed investment decisions.

    “You have what it takes to step into greater capability and control over your financial agenda,” said Olufemi Shobanjo, Chief Executive Officer, NGX RegCo. “The same mindset that drives you to start a business, buy a home, or save for your child’s education, to plan, commit, and follow through, is exactly what makes women exceptional investors.”

    Commending FinTribe for its sustained commitment to financial education, Shobanjo emphasized that the Nigerian capital market offers practical frameworks for translating financial discipline into purposeful wealth-building strategies. “Financial inclusion begins with awareness,” he affirmed. “When women understand how the market works, they can own their financial futures and build sustainable wealth.”

    In alignment with these educational efforts, NGX Group’s technology-driven innovations are lowering barriers to market entry. The Group’s digital investment platform, NGX Invest, enables investors to participate in public offers and rights issues directly from their smart devices, bridging awareness with active market participation.

    Jennifer Awirigwe, founder of FinTribe and popularly known as Financial Jennifer, commended the collaboration for driving meaningful impact. “Our partnership with NGX RegCo through EquipHER has created a bridge between knowledge and action,” she stated. “Women are not just learning about finance, they are taking ownership of their financial journeys and inspiring others to do the same. It’s equipping her, not in words, but in action.”

    During an interactive Q&A session, Shobanjo addressed questions on share ownership transfers, portfolio management, and investment process navigation, encouraging participants to engage licensed stockbrokers and financial advisers for transparency and efficiency. “It can seem overwhelming at first,” he acknowledged. “But with the right professional guidance, investors can easily navigate the process and take control of their holdings.”

    Throughout the fair, the EquipHER booth became a hub of engagement, attracting participants eager to learn how to initiate or expand their investment portfolios.

    This initiative complements NGX Group’s broader retail engagement strategy, aimed at deepening participation in Nigeria’s capital market. Recently, the Exchange participated in a public lecture at Godfrey Okoye University, Enugu, themed “Harnessing the Capital Market for Catalyzing Infrastructure Development and Economic Transformation in Nigeria,” reinforcing NGX’s conviction that an informed and engaged public is essential to sustainable economic growth and inclusion.

    Through initiatives such as EquipHER and regional retail engagements across Nigeria, NGX Group continues to build a more inclusive, informed, and empowered investor base, reflecting its vision to deepen market participation across gender, geography, and generation.

  • Cement Reports 165% Surge in EPS, Reinforces Market Leadership Across Africa

    Cement Reports 165% Surge in EPS, Reinforces Market Leadership Across Africa

    Dangote Cement Plc has announced robust financial results for the nine months ended September 30, 2025, showcasing a remarkable 164.8 per cent increase in earnings per suare (EPS), which rose from ₦16.55 to ₦43.80. This significant growth reflects the company’s strong operational performance and strategic expansion efforts.

    Group revenue climbed by 23.2 per cent, reaching ₦3,154.8 billion compared to ₦2,560.6 billion in the same period of 2024. The company also recorded a 57.7 per cent rise in Group EBITDA, which grew from ₦908.7 billion to ₦1,428.2 billion. Profit after tax (PAT) surged by 166.3 per cent, from ₦279.1 billion to ₦743.3 billion.

    EPS, a key indicator of profitability and shareholder value, continues to be a central metric in Dangote Cement’s financial reporting, reflecting the company’s commitment to delivering returns to investors.

    A major contributor to this performance was the commissioning of a new 3Mta grinding plant in Côte d’Ivoire, which expanded Dangote Cement’s total installed capacity to 55Mta across Africa. This strategic move reinforces the company’s leadership in the continent’s cement industry and supports regional self-reliance.

    Commenting on the results, Arvind Pathak, Chief Executive Officer of Dangote Cement, stated, “The commissioning of our 3Mta Côte d’Ivoire grinding plant marks a significant milestone in our growth journey. It strengthens our position as Africa’s leading cement producer and underscores our commitment to regional self-reliance.”

    Pathak attributed the revenue growth to proactive management strategies and resilient market demand. He highlighted the success of efficiency programs and disciplined cost management, particularly in Nigeria, where a more favorable energy mix helped reduce cash costs. Exports from Nigeria increased by 23 per cent, driven by 27 clinker shipments to Ghana and Cameroon.

    He also emphasized the company’s sustainability initiatives, including the phased deployment of 1,600 CNG-powered trucks aimed at reducing logistics costs and carbon emissions. Progress on the Itori Integrated Plant is also underway, expected to boost domestic capacity and open new export opportunities.

    Looking ahead, Pathak added: “Our focus remains on sustaining earnings momentum, enhancing operational efficiency, and executing our long-term growth strategy. With a clear strategic direction and a strong balance sheet, Dangote Cement is well-positioned to continue delivering superior value to stakeholders.”

    Earlier in the year, for the six months ended June 30, 2025, Dangote Cement reported a 17.7 per cent increase in revenue to ₦2,071.6 billion—the highest in its history. Group EBITDA rose by 41.8 per cent to ₦944.9 billion, while Nigeria operations saw an 82.4 per cent increase to ₦845.4 billion. Profits before tax jumped by 149 per cent to ₦730 billion, and PAT soared by 174.1 per cent to ₦520.5 billion.

    Dangote Cement remains Africa’s largest cement producer, with a fully integrated quarry-to-customer model and a production capacity of 35.25Mta in Nigeria alone. Its facilities include: Obajana Plant (Kogi State): 16.25Mta across five lines; Ibese Plant (Ogun State); 12Mta across four lines; Gboko Plant (Benue State): 4Mta; Okpella Plant (Edo State): 3Mta

    Through strategic investments, the company has eliminated Nigeria’s reliance on imported cement and transformed the country into a net exporter of cement and clinker.

    Dangote Cement also operates across several African countries, including: Cameroon, Congo, Ghana, Ethiopia, Senegal, Sierra Leone, South Africa, Tanzania, Zambia and Côte d’Ivoire

  • NGX Group Fuels Women’s Investment Drive, Engages 9,000 at FinTribe Finance Fair 2025

    NGX Group Fuels Women’s Investment Drive, Engages 9,000 at FinTribe Finance Fair 2025

    Nigerian Exchange Group (NGX Group), through its regulatory subsidiary, Nigerian Exchange Regulation Limited (NGX RegCo), has reaffirmed its commitment to expanding financial inclusion and deepening retail investor participation following the successful FinTribe Finance Fair 2025, which convened over 9,000 women focused on wealth creation and capital market opportunities.

    The event, organized by FinTribe, one of Nigeria’s fastest-growing women’s finance communities, has become a leading platform for promoting financial literacy and building investment confidence among women. NGX RegCo’s participation, through its flagship EquipHER initiative, featured interactive sessions that demystified capital market concepts and empowered women to make informed investment decisions.

    “You have what it takes to step into greater capability and control over your financial agenda,” said Olufemi Shobanjo, Chief Executive Officer, NGX RegCo. “The same mindset that drives you to start a business, buy a home, or save for your child’s education, to plan, commit, and follow through, is exactly what makes women exceptional investors.”

    Commending FinTribe for its sustained commitment to financial education, Shobanjo emphasized that the Nigerian capital market offers practical frameworks for translating financial discipline into purposeful wealth-building strategies. “Financial inclusion begins with awareness,” he affirmed. “When women understand how the market works, they can own their financial futures and build sustainable wealth.”

    In alignment with these educational efforts, NGX Group’s technology-driven innovations are lowering barriers to market entry. The Group’s digital investment platform, NGX Invest, enables investors to participate in public offers and rights issues directly from their smart devices, bridging awareness with active market participation.

    Jennifer Awirigwe, founder of FinTribe and popularly known as Financial Jennifer, commended the collaboration for driving meaningful impact. “Our partnership with NGX RegCo through EquipHER has created a bridge between knowledge and action,” she stated. “Women are not just learning about finance, they are taking ownership of their financial journeys and inspiring others to do the same. It’s equipping her, not in words, but in action.”

    During an interactive Q&A session, Shobanjo addressed questions on share ownership transfers, portfolio management, and investment process navigation, encouraging participants to engage licensed stockbrokers and financial advisers for transparency and efficiency. “It can seem overwhelming at first,” he acknowledged. “But with the right professional guidance, investors can easily navigate the process and take control of their holdings.”

    Throughout the fair, the EquipHER booth became a hub of engagement, attracting participants eager to learn how to initiate or expand their investment portfolios.

    This initiative complements NGX Group’s broader retail engagement strategy, aimed at deepening participation in Nigeria’s capital market. Recently, the Exchange participated in a public lecture at Godfrey Okoye University, Enugu, themed “Harnessing the Capital Market for Catalyzing Infrastructure Development and Economic Transformation in Nigeria,” reinforcing NGX’s conviction that an informed and engaged public is essential to sustainable economic growth and inclusion.

    Through initiatives such as EquipHER and regional retail engagements across Nigeria, NGX Group continues to build a more inclusive, informed, and empowered investor base, reflecting its vision to deepen market participation across gender, geography, and generation.

  • Lagos Free Zone remains the best investment destination for Nordic businesses in Nigeria – CEO, LFZ, Adesuwa Ladoja

    Lagos Free Zone remains the best investment destination for Nordic businesses in Nigeria – CEO, LFZ, Adesuwa Ladoja

    Lagos Free Zone, Nigeria’s first private special economic zone, centrally located in Lagos State and promoted by Tolaram, has been described as the best investment destination for Nordic companies in Nigeria.

    The Chief Executive Officer of the Lagos Free Zone, Mrs. Adesuwa Ladoja, disclosed this during the Nordic Nigeria Connect 2025 held in Lagos on Tuesday.

    Speaking during a panel discussion at the event, Ladoja explained that the Zone offers business predictability and proper organisation for investors who intend to do business in Nigeria, unlike other places where they are more likely to be confronted by infrastructural or regulatory barriers.

    She stated that for Nordic companies that see Nigeria as a potential hub for business, Lagos Free Zone remains the ideal destination as it offers the proper infrastructure, enabling environment, and logistics capacity needed to thrive.

    Mrs Adesuwa Ladoja

     “In Lagos Free Zone, we have a deep-sea port with state-of-the-art equipment. So, if you come to the Zone and have your business set up, it becomes easy for you to export, thus addressing the issue of delays and timing. With that, you can bring in your raw material seamlessly, effortlessly, all in the same place. So, with other access roads and coastal road being put in place, alongside plan to connect the axis through rail, many of these constraints would have been taken care of. Looking at it from a regulation perspective, we are creating our own single window where all the regulators you need to do your business are concentrated in the zone,” she added.

    She observed that the Tinubu administration’s two major policy reforms—the removal of fuel subsidies and the unification of the exchange rate—have created a more transparent, market-driven economy and brought back a sense of predictability in the investment climate for foreign investors. She maintained that the reforms have inspired cautious optimism in the economy, witnessing headwinds turning into tailwinds.

    According to her, sustained currency stability, low interest rates, and downward-bending inflation curves in the last 12 months are good signals that the private sector capital formation cycle is ripe for revival. She also explained that with young, entrepreneurial, and passionately creative people occupying the biggest pie in the population, Nigeria offers a vast consumer market and a production base with access to the 400-million-strong ECOWAS region.

    “This dynamic market, structural reform, and market stabilisation combination makes Nigeria one of Africa’s most appealing investment destinations today. However, the real potential is in being an early mover. As Nigeria’s infrastructure advances and its industries develop, those who establish a presence early will enjoy the greatest rewards,’ she added.

    She stated that the strength of the Nordic region, which can be found in specific sectors such as renewable energy, sustainable manufacturing, logistics, and digital solutions, remains highly complementary to Nigeria’s growth priorities as it unlocks enormous opportunities for collaboration that create shared value, drive innovation, jobs, and inclusive growth.

    She applauded Nordic countries for their leadership in clean technology, digital transformation, and responsible business practices, which align perfectly with Nigeria’s development aspirations.

    Other speakers at the panel discussion include Chief Executive Officer, APM Terminals Nigeria, Frederik Klinke; Executive Director/Chief Financial Officer, Development Bank of Nigeria, Ijeoma Ozulumba; Regional Director, West Africa, Norfund, Naana Winful Fynn; and Chief Executive Officer, Empower New Energy, Yerje Osmunden.

  • Limestone Launches StoneCircle, Expands Product Suite in Nigeria to Revolutionise Personal and Community Security

    Limestone Launches StoneCircle, Expands Product Suite in Nigeria to Revolutionise Personal and Community Security

     Limestone, a leading technology solutions provider transforming community management, community engagement, and personal security, has announced the launch of its flagship consumer product, StoneCircle, in the Nigerian market.

    Ecosystem positioning: StoneCircle sits within Limestone’s integrated ecosystem alongside Stone Community—a robust platform for estate managers, developers, and resident associations — and Stone Security, which delivers enterprise-grade hardware integrations and monitoring for high-value estates, businesses, and institutions. Together, these products provide a single operating system for modern communities, unifying personal safety, estate operations, and institutional protection.

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    Speaking during the launch, Ifeanyi Aneke, Chief Executive Officer, said: “StoneCircle comes at a critical time when the need for accessible, reliable safety solutions in Nigeria has never been greater. We’re proud to deliver a product that not only connects people to the help they need in real time but also redefines how individuals and communities protect lives and properties. By blending cutting-edge innovation with deep local understanding, StoneCircle is setting a new standard for scalable, tech-driven security across Nigeria.”

    StoneCircle key capabilities – Create personal safety groups called Circles for instant communication during emergencies.

    –  Send real-time, location-based panic alerts directly to trusted contacts to accelerate response.
    – Capture and share video incident reports with time-stamped updates via Moments!
    – Stay connected with built-in Chats for continuous coordination with safety networks.
    –   For residents in gated communities, handle estate tools in one place: pay dues, manage access codes, purchase electricity, and submit complaints.

    Early traction: In pilot estates, StoneCircle helped drive over N27M digital payment adoption among paying households, transaction success rate of 95% and with average panic-to-acknowledge time of 3 seconds.  These are numbers we are proud of we plan to improve them as we optimize the system.

    Alongside StoneCircle, Stone Community simplifies estate operations for managers: payment collections, visitor management, resident communications, and emergency handling, reducing leakages and improving response times. Stone Security complements these with integrated devices and monitoring, creating a comprehensive, auditable security layer.

    “Limestone is committed to transforming how people experience safety, communication, and daily living within their communities,” Aneke added. “With StoneCircle and our broader suite of products, we’re delivering practical, locally relevant technology that simplifies daily routines and strengthens trust within neighborhoods.”

    Trust and data protection Limestone operates under the Nigeria Data Protection Act (NDPA). User data is encrypted in transit and at rest, is processed under data-minimization principles, and chats and interactions are end-to-end encrypted, and the platform undergoes periodic third-party security testing.

  • Our People, Asset Integrity, Reliability Driving Sustainable Growth, Says Seplat Energy

    Our People, Asset Integrity, Reliability Driving Sustainable Growth, Says Seplat Energy

    Seplat Energy Plc, a leading Nigerian independent energy company, has recorded unprecedented growth since it was founded by acquiring divested assets, unlocking value from them, improving the efficiency and safety performance of the assets, whilst driving the entire growth process with a world-class and resilient workforce.

    Roger Brown, Chief Executive Officer, Seplat Energy Plc, said this at the 2025 Africa Energy Week (AEW) Conference & Exhibition in Cape Town, South Africa.

    Brown, who spoke during a Fireside Chat titled “Assets Acquisition Success Strategies: Seplat Energy”, said the company has successfully integrated major acquisitions in the last decade, each time improving efficiency and safety performance, while at the same time reducing routine emissions.

    Speaking on its most recent acquisition of Mobil Producing Nigeria Unlimited assets, he said the goal had been to move quickly to re-engage wells and facilities – resulting in the delivery of immediate results; investing early in integrity and reliability – thus reducing downtime while setting a foundation for future growth; and integrating not isn’t just systems, but people.

    “We found strong cultural alignment with our new colleagues, and that’s been key to seamless performance. We’ve welcomed their expertise and insights and the entire Group is benefiting from them,” Brown hinted.

    According to the Seplat CEO, by combining Seplat’s onshore experience with decades of offshore know-how from new colleagues, the company have built a stronger operation from day one, which is already delivering higher cash flow.

    “The recent reserves upgrade shows we have acquired a high-quality asset with significant production potential in both oil and gas, and much of this is within easy reach, close to export infrastructure that we control. We are confident we can increase production and that aligns with the Government’s target to increase liquids production to 3.0 MMbbl, and to increase gas production for both domestic energy and export markets,” he added.

    Speaking on the company strong operator mindset, Brown said Seplat Energy focuses on acquiring assets where its operating capability can unlock hidden value – especially mature fields that benefit from a more agile, entrepreneurial operator, stressing that: “We’ve already proven we can acquire assets onshore and bring them up to high levels of production, whilst keeping tight control of costs, and this has helped us build up a strong balance sheet, invest in our future and return a healthy dividend stream to investors.”

    On the company’s clear appetite for success, the Seplat Energy boss said the focus had always been on safety and operational excellence, which are targeted at maximising production and cash flows that strengthen the business.

    “We’re a low-cost operator, meaning we can be profitable at good oil prices and we’ve proven we can survive periods of low prices and prolonged lock-ins. We look after our staff, who are highly qualified, mostly Nigerian, and ensure they are fully aligned with our success, which will bring success for Nigeria’s energy system. We’ve got a deep bench and a strong succession pipeline,” he explained.

    In the same vein, Eleanor Adaralegbe, Chief Financial Officer, Seplat Energy Plc, who spoke during a panel discussion titled “Financing Upstream Projects for Domestic Energy Security”, said since inception, the company has continued to blaze the trail with a highly successful capital raising history; of which the company had raised more than $4bn in debt to develop and grow operations whilst continuing to maintain a low leverage threshold of below 1.5x through the cycle.

    On the various financing options the company had leveraged since inception, Adaralegbe identified the Initial Public Offer (IPO), Revolving Credit Facility (RCF), Bonds, Advance Payment Facility, as well as other financings like taking over the $110m RBL, which is currently being refinanced (on Eland acquisition of 2019; and putting in place a $320m project financing for ANOH, Seplat’s 50/50 JV with the Nigerian Gas Infrastructure Company (a 100% wholly owned subsidiary of NNPC).

    She spoke on financing challenges and what Seplat Energy had done to overcome them: “Corporates are always looking to access low-cost financing for development and growth, more so, Nigerian energy companies, as Nigerian banks have a high USD cost of borrowing. As such, we knew that we had to become a first mover and shape our credit profile to appeal to a wider group of banks and investors. We are the first and only dual listed Nigerian oil and gas company.”

    On the company’s key credit highlights, the Seplat Energy CFO listed: Balanced Assets with Substantial Production; Portfolio Diversification Through Gas Business; uniquely positioned to Capture Future Growth; Strong Financials and Well-Tested Risk Management; well-managed liquidity; focus on tax efficiencies; Experienced Management and Strong Governance; and leading indigenous and ESG-focused operator.

    “Seplat Energy has repeatedly been able to refinance to extend maturities and bring down our cost of debt while keeping leverage moderate. We have been able to do this because we are focused on things that lenders are focused on – asset diversification, steady production, strong financials, low leverage, focus on tax efficiencies, strong leadership,” Adaralegbe explained.

    On the importance of financing, she said Nigeria’s energy security depended heavily on upstream oil and gas, which fuels both domestic consumption and foreign exchange earnings. Declining investment in upstream projects due to global energy transition pressures and perceived risks, and rising domestic demand for gas and power, require urgent expansion of upstream activity, particularly gas exploration and production.

    “Until utility-scale renewables, storage, and transmission are materially larger, Nigeria’s ability to keep lights on, vehicles moving, industries running, and households cooking cleanly is fundamentally constrained by upstream oil and gas development, output and associated midstream delivery – that is, upstream development is a direct lever on national energy security,” she advised.

    According to Adaralegbe, a stable and predictable fiscal framework is the single most powerful enabler of upstream financing, of which consistent application of PIA provisions, timely JV cash-call settlements, and clarity on commodity pricing policies are essential to de-risk projects and crowd in long-term capital.

  • Nigeria’s Economy Gains Momentum as GDP Expands by 4.23% in Q2 2025

    Nigeria’s Economy Gains Momentum as GDP Expands by 4.23% in Q2 2025

    Nigeria’s economy strengthened its recovery momentum in the second quarter of 2025, with real GDP growing by 4.23% year-on-year. This marks a significant acceleration from 3.13% in the first quarter and an improvement over 3.48% recorded in the same period of 2024. The figures confirm that the economy is not only on a recovery path but is gaining traction despite persistent structural and macroeconomic challenges.

    The oil and gas sector was the undisputed growth driver, expanding by 20.46% in Q2 compared to just 1.87% in Q1. This represents the sector’s strongest performance in years, propelled by policy reforms, governance improvements at the Nigerian National Petroleum Company (NNPC), and favorable global market conditions. Despite this remarkable surge, the sector contributed just 4.05% of total GDP, highlighting the continued importance of non-oil activity for inclusive growth.

    Agriculture posted a 2.82% growth rate, rebounding from near stagnation in Q1. The gains were supported by government input programs, improved rainfall, and subnational initiatives. However, challenges such as weak rural infrastructure, limited mechanization, poor access to finance, and security issues continue to constrain the sector’s full potential.

    Manufacturing growth moderated to 1.60%, reflecting high operating costs, foreign exchange volatility, and stiff competition from imports. Still, pockets of resilience emerged within industry. Oil refining output surged to 15.78%, indicating progress in domestic refining and import substitution, while construction slowed to 5.25% due to delayed budget implementation and funding bottlenecks.

    Transport and aviation registered a strong turnaround, with air transport growing by 6.34% after a contraction in Q1. The rebound was attributed to regulatory reforms, improved safety oversight, and rising demand for air travel.

    The services sector retained its dominance, contributing 56.53% of GDP. Within services, ICT remained a key driver at 6.60%, though slower than previous quarters. Financial services continued to perform strongly, expanding by 16.18%, supported by higher revenue flows, transaction volumes, and stronger intermediation. Trade and real estate, however, slowed due to weak consumer demand and regulatory tightening.

    Some sectors remain under severe strain. The textile and apparel industry contracted by 1.32%, extending a multi-year slump driven by energy costs and smuggling. Motor vehicle assembly also declined by 1.5%, reversing earlier gains. CPPE emphasized that sustained policy support, including stronger local procurement frameworks, would be crucial to reviving these industries.

    Green shoots were evident in other areas. Livestock production grew 1.64% after a sharp contraction in Q1, supported by the creation of a dedicated livestock ministry and sectoral programs. Coal mining also surged by 57.53%, reversing earlier declines and signaling renewed investor interest.

    The overall structure of the economy remained stable, with agriculture accounting for 26.17%, industry 17.13%, and services 56.53%. Non-oil GDP grew by 3.64%, confirming the resilience of the broader economy despite the outsized impact of oil sector performance on headline growth.

    Looking ahead, sustaining this momentum will require urgent structural interventions. These include reducing energy and logistics costs, accelerating infrastructure investments, expanding affordable credit to MSMEs and farmers, promoting local content and import substitution, and ensuring policy consistency to sustain private sector confidence.

    Speaking on the report, Dr. Muda Yusuf, Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), noted that Q2 2025 represents one of the strongest growth performances in recent years. He stressed, however, that translating this growth into jobs, poverty reduction, and inclusive prosperity would depend on unlocking productivity in agriculture, manufacturing, construction, real estate, and trade—sectors that directly impact the majority of Nigerians.

    “Q2 2025 is a clear statement that Nigeria’s economy is moving beyond stabilisation toward a stronger recovery. With consistent reforms, improved governance, and effective collaboration with the private sector, the country can transform this growth momentum into a more resilient, inclusive, and job-rich economy,” Dr. Yusuf said.

  • Savannah Energy Signs SPA to Acquire Interests in Three East African Power Projects

    Savannah Energy Signs SPA to Acquire Interests in Three East African Power Projects

    Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, has announced that its wholly owned subsidiary, Savannah Energy EA Limited has signed a Share Purchase Agreement with Norfund, the Norwegian investment fund for developing countries, to acquire its current 50.1% interest in Klinchenberg BV for a total consideration of up to US$65.4 million. The SPA was signed this morning during a ceremony attended by John Humphrey, His Majesty’s Trade Commissioner for Africa.

    The signing marks Savannah’s entry into Uganda, Burundi, the Democratic Republic of Congo, Malawi and Rwanda.

    Klinchenberg is a joint venture company currently owned by Norfund (50.1%) and British International Investment (49.9%), the UK’s development finance institution. Klinchenberg has interests in a portfolio of hydropower assets, namely: an indirect 13.6% interest in the operating 255 MW Bujagali run-of-river hydropower plant in Uganda; an indirect 12.3% interest in the 361 MW Mpatamanga hydropower development project in Malawi; and an indirect 9.8% interest in the 206 MW Ruzizi III hydropower development project spanning Burundi, the Democratic Republic of the Congo and Rwanda. All interests are presented on an expected net to Savannah basis.

    The Consideration includes a US$6.8 million deferred cash element, payable three years post-completion of the Transaction, and contingent payments in respect of Mpatamanga and Ruzizi III payable upon financial close of these projects. The Transaction is subject to customary adjustments upon completion and is expected to be completed no earlier than Q1 2026. The SPA has an economic effective date of 31 December 2024. The Consideration is expected to be funded by Savannah Energy EA through a new US$37.4 million debt facility, arranged by a leading international bank, and the existing cash resources of the company.

    The Transaction constitutes a Substantial Transaction under AIM Rule 12. Accordingly, the following information is included in accordance with the disclosure requirements of Schedule Four to the AIM Rules for Companies.

    For the financial year ended 31 December 2024, Klinchenberg reported audited net revenues of US$17.8 million, an income after tax of US$17.4 million, and total assets of US$196.9 million.

    John Humphrey, His Majesty’s Trade Commissioner for Africa, said: “I am delighted to see Savannah Energy PLC, a UK investor, taking a stake in these important renewable energy projects across East and Central Africa. This investment reflects the UK’s commitment to sustainable development on the continent and supports the success of projects that will deliver clean energy and economic opportunities in the region.”

    Andrew Knott, Chief Executive Officer, Savannah, said: “We are delighted to be announcing our planned entry into the Bujagali, Mpatamanga and Ruzizi III hydropower projects through the acquisition of Norfund’s interest in Klinchenberg. Bujagali is a flagship East African power plant with an excellent 13-year operating and payment track record. Mpatamanga and Ruzizi III are advanced-stage developments which are expected to generate highly competitively priced electricity in their respective countries for the benefit of over 30 million people. Each project has a strong partnership group which we are excited to join. The Transaction marks the first of several transactions that we expect to announce over the course of the next 24 months in the African power space and provides us with a basis for further organic and inorganic growth in each of Uganda, Burundi, the Democratic Republic of Congo, Malawi and Rwanda.

    I would like to thank my incredibly dedicated and passionate colleagues who have worked tirelessly to enable this Transaction to happen and look forward to updating investors on the progress made on each of these large-scale projects over the course of the coming months and years.”

  • Olapeju Ibekwe Joins Board of UN Global Compact Network Nigeria Ahead of UNGA 80

    Olapeju Ibekwe Joins Board of UN Global Compact Network Nigeria Ahead of UNGA 80

    Olapeju Ibekwe, Chief Executive Officer of Sterling One Foundation, has been appointed to the Board of the United Nations Global Compact Network Nigeria (UNGCNN), a move that underscores her contributions in shaping Africa’s sustainable development agenda.

    The announcement, made via UN Global Compact Network Nigeria’s official channels, comes ahead of the 80th United Nations General Assembly, where Olapeju Ibekwe is expected to engage with leaders from the government, private sector, and civil society to further help forge more effective partnerships that accelerate Africa’s progress towards Agenda 2030.

    The appointment, highlights Olapeju Ibekwe’s track record in advancing sustainable solutions across education, health access, and women and youth empowerment. Under her leadership, Sterling One Foundation has built global affiliations and local impact, reaching thousands of beneficiaries while influencing policy and partnerships across Africa.

    Experts note that the appointment comes at a critical time. With only 15% of the Sustainable Development Goals (SDGs) on track globally, Africa faces a $200 billion annual financing gap. The challenges extend beyond funding — requiring political will, intentional private sector engagements, courage to execute decisions, and effective cross-sector collaboration.

    Commenting on the appointment, she described it as an opportunity to further strengthen the localisation of the SDGs, a cause she has championed through the Sterling One Foundation.

    This development also strengthens ties to the UN Global Compact Principles and the African Union’s Women and Youth Financial and Economic Inclusion (WYFEI) 2030 initiative, both of which emphasize inclusive growth and responsible private sector engagement.

    Observers say the appointment underscores the importance of convenings like the Africa Social Impact Summit (ASIS), where Olapeju Ibekwe plays a central role in mobilizing governments, businesses, and civil society to forge partnerships that unlock Africa’s potential.

    With this new role, Olapeju Ibekwe is poised to bring grassroots experience and continental insights into global conversations, reinforcing the view that Africa is not just a recipient of aid but a driver of innovation and solutions for sustainable development.

    The UN Global Compact Network Nigeria is a local chapter of the world’s largest corporate sustainability initiative, mobilising businesses and organisations to align their strategies and operations with universal principles and to take action to advance the SDGs.

  • Access Bank Pushes for Youth and Diaspora-Driven Growth at IATF 2025

    Access Bank Pushes for Youth and Diaspora-Driven Growth at IATF 2025

    Access Bank has reaffirmed its commitment to strengthening Africa–Caribbean economic collaboration at the Intra-African Trade Fair (IATF) 2025.

    During the event, Sunmbo Olatunji, Chief Executive Officer, The Caribbean Expansion at Access Bank, underscored the importance of leveraging Africa’s demographic advantage, strategic resources, and diaspora linkages to create new pathways for sustainable growth. She spoke on “The Global Africa We Want: Business Collaboration Without Borders”.

    “The Global Africa we want is one without borders in spirit, vision, or opportunity, an Africa where our youth, diaspora, and private sector drive collaboration that makes us a central player in the global economy,” she stated.

    Olatunji, identified key sectors with the greatest potential for cross-border collaboration, including agriculture and food security, the creative and cultural industries, sustainable tourism, and technology and digital innovation.

    “Africa and the Caribbean are natural partners. By combining Africa’s scale with Caribbean expertise and diaspora networks, we can unlock value chains in agriculture, export our culture more effectively, and create unique tourism and digital innovation ecosystems,” she added.

    Olatunji further stressed that the private sector must play a pivotal role in building resilience and driving inclusive growth across regions. She noted that financial institutions have a responsibility to provide platforms that enable trade, simplify remittances, and support entrepreneurs.

    “At Access Bank, we see ourselves not just as bankers, but as connectors of opportunities. Our Caribbean expansion reflects a clear commitment to link Africa’s dynamic economies with diaspora wealth and expertise, unlocking a future of shared prosperity,” she said.

    The IATF 2025, organised by the African Export–Import Bank (Afreximbank) in collaboration with the African Union, serves as a premier platform to accelerate intra-African trade, strengthen Africa–Caribbean economic partnerships, and showcase investment opportunities across the continent.