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Tag: City of London

  • President Ruto, Samaila Zubairu and Africa’s Top Chief Executive Officer’s (CEO) to Headline The Africa Debate in London

    President Ruto, Samaila Zubairu and Africa’s Top Chief Executive Officer’s (CEO) to Headline The Africa Debate in London

    …The Africa Debate will convene over 700 senior decision-makers from across government, finance, and industry for a full day of high-level exchanges

     Invest Africa is pleased to announce Africa Finance Corporation (AFC) as Headline Partner for the 11th edition of The Africa Debate, taking place on Wednesday, 2 July 2025 at the Guildhall, in the heart of the City of London.

    This year’s theme — “Harnessing Natural Capital for Growth” — seeks to interrogate how Africa can transform the scale and structure of investment around its most enduring assets: from its critical minerals and fertile land to its human ingenuity and demographic dynamism.

    Now firmly established as the UK’s premier forum for Africa-focused investment dialogue, The Africa Debate will convene over 700 senior decision-makers from across government, finance, and industry for a full day of high-level exchanges. Through keynote addresses, ministerial dialogues, and curated sector debates, the programme will explore how to turn extractive advantage into structural transformation — mobilising green industrialisation, digital infrastructure, intra-African trade, and new financial instruments to drive inclusive, climate-smart growth.

    This year’s speaker line-up reflects the extraordinary breadth of voices shaping Africa’s next chapter, from heads of state to the stewards of global capital. Highlights include: H.E. William Ruto, President of the Republic of Kenya; H.E. Hailemariam Desalegn Boshe, Former Prime Minister of Ethiopia; Board Chair, TradeMark Africa; H.E. Wamkele Mene, Secretary-General, African Continental Free Trade Area Secretariat; Benedict Oramah, President, Afreximbank; Samaila Zubairu, President & CEO, Africa Finance Corporation; Abebe Aemro Selassie, Director, African Department, International Monetary Fund; Solomon Quaynor, Vice President for Private Sector, Infrastructure & Industrialisation, African Development Bank; Strive Masiyiwa, Founder & Chair, Econet Wireless; Duncan Wanblad, CEO, Anglo American; Wale Tinubu, CEO, Oando Plc; Monique Gieskes, CEO, PHC; Marie-Chantal Kaninda, President, Glencore DRC; and more. The full programme is now available to view here (http://apo-opa.co/4ljJqbx), with detailed sessions on value chain transformation, blended finance, regional infrastructure, and Africa’s positioning in a multipolar global economy.

    Samaila Zubairu, President and CEO of Africa Finance Corporation, commented: “Natural capital is only as valuable as the systems that refine, protect, and elevate it. At AFC, we believe that infrastructure is the bridge between Africa’s resource richness and the continent’s ability to rapidly industrialise and take its rightful place on the global stage. Our partnership with Invest Africa and The Africa Debate underscores the need for thoughtful, long-term capital — deployed strategically — to unlock the continent’s full economic potential. We are proud to support a platform that challenges assumptions and catalyses bold, bankable solutions.”

    Chantelé Carrington, CEO of Invest Africa, added: “Africa’s path to prosperity must be built not on extraction, but on transformation. This year’s theme compels us to ask harder questions about how we steward the continent’s assets — human, natural, and institutional — in a world shaped by climate change, technological disruption, and shifting geopolitical priorities. With AFC’s visionary leadership, we are honoured to convene a dialogue that is ambitious in scope, rigorous in thought, and focused on meaningful outcomes.”

    Confirmed Sponsors of The Africa Debate Include: Africa Finance Corporation (Headline Partner), Absa Group, Afreximbank, FirstBank UK Limited, Invest KZN, Standard Chartered, Standard Bank Group, Plantations et Huileries du Congo, Lagos Free Zone (Tolaram), Octopus Energy, ServiceNow, Stellar Developments, Spiro, Safaricom, Premier Invest, Remittances Hub, S-RM, DLA Piper, and London Stock Exchange Group.

    To register as a delegate for The Africa Debate, please visit: https://apo-opa.co/4efWGM0. Places are limited and advance registration is essential.

  • British International Investment to partner with City of London’s institutional investors to consolidate the UK’s position as global leader in climate finance

    British International Investment to partner with City of London’s institutional investors to consolidate the UK’s position as global leader in climate finance

    …New initiative will reduce risk for private institutions to inject capital to combat climate emergency.

    The City of London can consolidate its position as a global capital for climate finance by working with British International Investment (BII), the UK’s development finance institution and impact investor, in the battle to combat the climate emergency. 

    Last year, the UK Prime Minister, Keir Starmer, announced BII would manage a new £100 million Mobilisation Facility to boost the flow of private capital into emerging economies that are considered too risky by global investors.  

    Today, BII announced that up to £50 million of the facility has been ring-fenced for a groundbreaking new initiative. BII is partnering with Mercer, a global investment firm, to encourage the asset manager community to develop investment solutions, which will help to unlock private investment into climate related projects in emerging economies. It will also seek to address the gap between the risk appetite and return thresholds of institutional investors.  

    Emerging economies are expected to play a crucial role in global economic growth. They currently represent over 60 per cent of the world’s GDP and are projected to account for 74 per cent of global energy consumption by 2050. This creates investment opportunities in sectors like clean energy and infrastructure, offering potential for growth, diversification and impact. 

    Minister for Development, Anneliese Dodds welcomed the initiative: “Countries exposed to the climate crisis are facing extreme weather events which destabilise economies, hinder growth and displace people. Those countries need urgent access to finance to tackle and adapt to this crisis.

    “At the same time UK financial institutions are ideally placed to provide global leadership in climate finance and tap into these emerging markets, generating growth at home and providing much needed finance abroad.

    “By bringing together private and public expertise and capital, the UK is leading the world in mobilising the finance countries need to tackle the impacts of the climate crisis.”

    Asset Managers in the UK and globally, with a demonstratable track record in climate finance and interest in emerging economies, are invited to submit proposals to partner with BII. Proposals with a strong potential for accelerating private investment and which demonstrate large-scale climate impact will be granted access to concessional capital of up to £50 million from the facility. They will also have the opportunity to access non-concessional investment funding from BII. 

    Leslie Maasdorp, BII CEO said: “BII is the UK’s primary vehicle for delivering climate finance into our markets. But the scale of the climate emergency means we have to unlock the vast pools of capital that are held by private institutions. The partnership we have unveiled today is a truly innovative way of doing that.”

    Benoit Hudon, Mercer’s UK President and CEO said: “This initiative has the potential to encourage investment into new projects in emerging economies to support their economic development. Mercer will play a key role in identifying innovative asset manager proposals that support the energy transition and address some of the hesitancy institutional investors have about investing in emerging economies.” 

    For more information about the Mobilisation Facility initiative, please visit BII or Mercer websites.  

  • FBNBank UK Appreciates Customers and Regulators

    FBNBank UK Appreciates Customers and Regulators

    FBNBank UK, a subsidiary of FirstBank Group had London, the United Kingdom painted blue as it celebrated its 40th anniversary, themed Partnership Beyond Borders, on Friday, 11 November 2022.  

    The event which had customers, members of government functionaries and the diplomatic community, regulators, captains of industries in attendance, was convened to appreciate the patronage and support the Bank had received since it opened its doors in the United Kingdom 40 years ago. As key stakeholders, they were instrumental to establishing the Bank as an important gateway to connect international markets in Africa, Europe and the rest of the world to the finest financial services solutions that the UK has to offer.

    Guests at the event include Hon. Justice Olukayode Ariwoola GCON, Chief Justice of Nigeria; Oba Sen. Dr. Moshood Olalekan Ishola Balogun, Alliiwo II, Olubadan of Ibadan land; Ambassador Sarafa Tunji Isola, High Commissioner, Nigerian High Commission, UK; His Highness, Muhammadu Sanusi II, former Governor, Central Bank of Nigeria.

    Other dignitaries that graced the occasion include Alhaji Umaru Abdul Mutallab, Nigerian businessman and former Chairman of FirstBank; Mohammed Indimi OFR, Chairman, Oriental Energy Resources.

    Delivering his welcome address to the dignitaries and guests present, Sam Aiyere, Chief Executive Officer, FBN Bank UK Ltd said “since its establishment, our Bank has demonstrated an unmatched dexterity, serving as a gateway connecting international markets in Africa, Europe and the rest of the world to the finest financial services solution that the UK has to offer. Through its office in the UK and the Paris Branch, our Bank has continued to facilitate international trade between Africa and Europe while offering top-notch, world-class corporate, institutional, and private banking solutions to our esteemed customers.

    We have recorded laudable achievement only because you stand solidly with us. Therefore, I dedicate the success of the past 40 years to all our stakeholders. Thank you for being the lever beneath our thrust”, he also added.

    Appreciating the patronage and support extended to FBNBank UK, Dr. Adesola Adeduntan, CEO, FirstBank said “today we celebrate 40 years of unbroken business operations in the United Kingdom; 40 years of supporting and enabling dreams; 40 years of resilience and relevance; 40 years of trust, safety and security; 40 years of long-term value to all stakeholders; and 40 years of partnerships beyond borders. I believe the future is bright for FBN Bank UK. With our beautiful outing tonight, our Group stands out, once again, as one big and happy family of many parts.

    In his speech, Godwin Emefiele, Governor, Central Bank of Nigeria highlighted that “FBNBank UK’s established presence in a leading global financial centre such as London ensures that FirstBank Group is well positioned to play an active role in the promotion of Africa as an investment destination, attract much needed capital to the continent and facilitate trade with other parts of the world. The presence of FirstBank in other countries outside Nigeria shows that the span of its impact is continent-wide. As you are headquartered in the largest economy on the continent, you have a unique role in also facilitating capital flows into other African countries and assisting their economic growth and development.

    In addition, in his goodwill message, President Muhammedu Buhari, GCFR, President and Commander-in-chief, Federal Republic of Nigeria said “FirstBank has profoundly demonstrated a high level of nationalism by keeping the Nigerian dream at the heart of its business through constant evolution to birth agile financial services solution to suit the demands of its customers both home and abroad. Also, perhaps more than any other institution in its class, FirstBank has supported the Government by providing human resources at various times to booster much required professional expertise in various sectors of our economy.”

    Established in the United Kingdom in 1982 as the London Branch of the First Bank of Nigeria Limited., FBNBank UK was initially established to service the UK banking requirements of Nigerian companies and FirstBank.

    Later in November 2002, the Bank was incorporated in the UK as a registered and a wholly-owned subsidiary of First Bank of Nigeria Limited with offices in the City of London and has then developed into a much broader business in the gateway to Europe and beyond for African banks, companies and high net worth individuals.