In The Spotlight

Middle East Energy 2025 introduces Battery & eMobility sector, expands exhibition space, and hosts six CPD-accredited conferences from 7-9 April. (Image source: Informa Markets)
The 49th Middle East Energy trade show will run from 7-9 April across 16 DWTC halls – two more than the previous edition
The additional space will include a host of new features, including a sixth product sector – Battery & eMobility – and a dedicated hall for exhibitors within the battery and eMobility space.
“Middle East Energy has always been at the forefront of innovation, and 2025 is no exception,” said Mark Ring, group exhibition director for the energy portfolio at Informa Markets. With our expanded footprint, showcasing regional and global market-leading products and services, the addition of The Battery Show, and a strong line-up of conferences, Middle East Energy 2025 is set to redefine how we address the region’s energy needs and promises to power the future, connect innovators, and drive meaningful change across the entire spectrum of the global energy landscape from a single location.
The event will be held under the patronage of the UAE Ministry of Energy & Infrastructure, reinforcing it as a cornerstone of innovation and collaboration in the energy industry, and underlining its commitment to fostering collaboration, driving advancements, and supporting the Middle East and Africa’s energy transition.
Battery Show debuts with entire hall takeover
Spanning an entire hall, this 13-year-old global platform – The Battery Show will showcase game-changing battery technology and powerful solutions. Bringing together engineers, business leaders, industry-leading companies, and disruptors.
The Battery Show Conference will dive into crucial topics such as the impact of electrification on the automotive sector, advanced materials for electric vehicle manufacturing, and alternative battery technologies, offering attendees a rare chance to connect with industry thought leaders.
The exhibition’s expansive knowledge programme will host six CPD-accredited, free-to-attend conferences. They are: The Middle East Energy Leadership Summit; the Technical Seminar; Intersolar & ees Middle East Conference; Global Innovation Forum; Africa Business Leaders Forum; and The Battery Show Conference.
The 2025 event has also accrued an impressive line-up of major sponsors, including Alfanar, The Riyadh Cables Group, Baudouin, MEMF, Bahra Electric, Ducab, Su-Kam, Al Ojaimi, LTC Group, Eastman, Riello UPS, Jeddah Cables Company, and AquaVolt Solutions.
To find out more about Middle East Energy, visit: www.middleeast-energy.com
To register for Middle East Energy, visit: https://middleeast-energy.me/3WZ5Fd3

Kamoa-Kakula’s senior management and projects team celebrating the completion of the on-site copper smelter and the first delivery of concentrate from Kamoa-Kakula to the concentrate blending facility. (Image source: Ivanhoe Mines)
Ivanhoe Mines executive co-chairman Robert Friedland and president & CEO Marna Cloete have provided an update on year-to-date production at the Kamoa-Kakula Copper Complex and the ultra-high-grade Kipushi zinc mine, both located in the Democratic Republic of the Congo (DRC)
In January, Kamoa-Kakula achieved near-record copper production of 45,477 tonnes, followed by 40,849 tonnes in February, despite the shorter month. Daily copper production averaged 1,467 tonnes per day (tpd) in January and 1,459 tpd in February, just below the record 1,518 tpd set in December 2024.
During the last week of February, copper production reached 11,122 tonnes, equating to an annualised rate exceeding 578,000 tonnes—positioning it at the upper end of the 2025 guidance range of 520,000 to 580,000 tonnes.
Power supply and backup generation
Kamoa-Kakula’s Phase 1, 2, and 3 operations have been powered by approximately 100MW of hydroelectric power, covering two-thirds of the required energy, with the remainder supplied by on-site diesel generators. Talks are in progress to increase imported hydroelectric power by an additional 20MW by the end of the month.
Water levels have improved at the Cahora Bassa hydroelectric dam in Mozambique, Kamoa-Kakula’s primary power source, as well as at Zambia’s Kariba dam.
According to the Club of Mozambique on March 4, 2025, "Current water levels in the Cahora Bassa reservoir guarantee the production of electricity until the last quarter of this year. This is the result of the water reserves accumulated during this rainy season, after levels fell to 19.18% in January, the lowest level in recent times." Cahora Bassa Hydroelectric Plant Chairman Tomás Matola stated, "With the rainfall that fell in February, we were able to recover and our hydro-meteorological forecasts show that more rain is coming and storage will naturally increase."
Kamoa-Kakula has 190MW of installed diesel backup power, with up to 50MW currently in use. Of this, 36MW of capacity is undergoing repair, as previously reported in January. The total power requirement for full operation of Phases 1, 2, and 3, along with the smelter, is approximately 240MW. Efforts to secure additional grid-supplied power for the smelter heat-up are ongoing, with the process expected to begin in May or June 2025.
Project 95 advancing on schedule
Kamoa-Kakula’s "Project 95" is progressing as planned, now 20% complete and on track for Q1 2026 completion. This initiative aims to enhance concentrator recoveries from 87% to 95% with a US$180mn capital investment. It is expected to boost annual copper production by up to 30,000 tonnes, with a capital intensity of $6,000 per tonne of copper.
Kipushi Zinc production update
The Kipushi concentrator ramp-up continues, achieving record zinc production of 16,063 tonnes in January and 11,903 tonnes in February. Annualized production is approaching the 2025 guidance range of 180,000 to 240,000 tonnes of zinc in concentrate.
Since early 2025, concentrator recoveries have averaged 88%, with a concentrate grade of approximately 53% contained zinc. The nameplate milling rate of 2,000 tonnes per day was reached in late February, with further production and recovery improvements expected in the coming months.
Kipushi aims to exceed 250,000 tonnes of zinc in concentrate by 2026 following the completion of a debottlenecking program, which remains on schedule for late Q3 2025.
Also read: Africa’s gold rush accelerates growth

AMEA Power breaks ground on a 50MW solar plant in Ivory Coast, set to power 358,000 homes and cut 52,000 tons of CO₂ emissions. (Image source: AMEA Power)
AMEA Power, a rapidly expanding renewable energy company in the region, has officially commenced construction on a 50MW solar photovoltaic (PV) project in Ivory Coast
The groundbreaking ceremony, held on 27 February 2025, was attended by Mamadou Sangafowa Coulibaly, Ivory Coast’s minister of mines, oil, and energy, along with AMEA Power’s chief financial officer, David Falcon.
What can AMEA Power deliver?
Located in Bondoukou, within the north-eastern Gontougo region, the Bondoukou Solar PV Plant will produce 85 GWh of clean electricity annually. This output is sufficient to power approximately 358,000 households while reducing CO₂ emissions by over 52,000 tonnes. The project is managed by AMEA Goutougo, a fully owned subsidiary of AMEA Power registered in Ivory Coast.
With a total investment of US$60mn, the project is being financed by FMO and DEG. It aligns with Ivory Coast’s national strategy to increase renewable energy’s share in the electricity mix to 45% by 2030.
Hussain Al Nowais, chairman of AMEA Power, stated, “Today, we turn vision into reality. The 50MW solar plant is a landmark achievement for Ivory Coast and a testament to AMEA Power’s dedication to delivering clean energy solutions across Africa. This groundbreaking ceremony is an important symbol of partnership, we are proud to partner with the government and the people of Ivory Coast on this transformative journey.”
Once operational, the Bondoukou Solar PV Plant will be AMEA Power’s first active project in Ivory Coast. The company is also advancing plans for an additional 50MW solar PV installation in the country.
Beyond energy production, AMEA Power remains committed to socio-economic development. Through its Community Investment and Development Programmes, the company will engage with local communities, launching initiatives focused on gender equality, education, and skills training to ensure lasting positive change.
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In the final webinar of its African Review-hosted 2023 campaign, Convergent Group explored its modern, eco-friendly concrete solutions for African projects
Such solutions – delivered to cut maintenance costs by eliminating hazardous silicate products – were showcased by company experts in the form of Jean-Claude Biard, SEO of Convergent Group SA; Mputu Schmidt, former CEO of Convergent Group SA and founder of Bondeko MB (exclusive distributor of Convergent Group in Africa); Carlos Garcia, technical and sales for ADI Group (Spanish distributor for Convergent Group); and Amritpal Singh Sura, external consultant for flooring treatments, former distributor of Convergent products in the Middle East.
“A number of projects we were doing in the Middle East required protection,” remarked Sura. “Longevity of protection requires a system which basically impregnates and becomes a densified surface as opposed to something which is topical and lifts off due to moisture migration. I found that being exposed to Convergent, it was important to stay focused on those systems in the Middle East. Jean-Claude, Mputu and I met several times in Dubai and there was emphasis on providing systems which were affordable and still ending up having a robust, lasting longevity of product. So you are not spending money all the time in order to maintain the finishes which you have already paid for.”
Over the course of the session, the participants guided the audience through the potential of cutting-edge lithium silicate technology for enhancing the protection of concrete surfaces, maximising cost-effectiveness and meeting sustainability targets.
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In a comprehensive webinar hosted by African Review, a panel of professionals associated with Convergent Group explored new generation lithium silicate technology and why it is emerging as the optimum solution for concrete floor protection.
Robert Daniels, editor of African Review, was joined by Jean-Claude Biard, CEO of Convergent Group; Mputu Schmidt, former CEO of Convergent and founder of Bondeko MB, an exclusive distributor of Convergent; Hicham Sofyani, president of Texol; Carlos Garcia, technical and sales for ADI Group; and Marc Puig, commercial manager of Comace Import.
Each providing a unique angle, the panellists combined to provide a masterclass around concrete treatments and the increasing challenges around them, explaining to attendees how to choose the right formula for their requirements and touching on issues such as why lithium densifiers are better than sodium and potassium densifiers.
Throughout the session, those watching were treated to informative case studies showcasing how Convergent eco-friendly products are increasing abrasion resistance, raising ease of maintenance, and ensuring the highest quality gloss retention.
By the end of the webinar, a majority of attendees (many of which had not had much experience with Convergent) expressed their interest in using the company’s new generation lithium silicate technology with the rest indicating their desire to learn more about Convergent and its products. Watch the webinar, in full, to discover why viewers were convinced and learn more about advanced floor care solutions for your operations.
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Presenting on an African Review-hosted webinar, Martin Provencher, global industry principal for mining, metals and materials at AVEVA, explored the digital transformation of mining operations and its impact on sustainability.
“Sustainability is becoming a key aspect for mining operations,” remarked Provencher. “If we look at the latest EY research on the top ten business risks and opportunities for mining and metals globally in 2023, ESG remains at the top. Of course, most companies have environmental goals or are expected to reach a net zero emission by 2050, which is a pretty aggressive target. Many of them are targeting 30% reduction by 2030; seven years from now. So there is a lot of action that needs to take place quickly to get there. It is possible to get there, but we need to make sure we are doing this correctly.”
Fast becoming a huge part of ESG initiatives is fleet electrification where particular progress is being made in underground mines. While some countries are certainly more advanced than others here, Provencher noted that 40% of total emissions from the mining industry come from diesel trucks, making EVs a very attractive low-hanging fruit for companies to pursue.
There are, however, a number of challenges associated with bringing in electric vehicles which remains a barrier for introduction. One of the predominant reasons, is the limited range of EVs against diesel counterparts. To mitigate this, Provencher continued, data management is key and ensuring a strong grasp of real-time information coming in will show operators when machinery needs to be charged, allowing them to plan effectively for maximum efficiency on site.
Indeed, this is but a small advantage that digitalisation can bring to the mining industry as it grapples to meet ESG goals while achieving production targets. By getting a better grip of their data and using it to empower tools such as artificial intelligence, advanced analytics and machine learning, companies can achieve tangible benefits such as reduce downtime, enhance worker safety, cut operating costs and, of course, ensure compliance with environmental regulations and targets.
Through the course of the webinar, Provencher outlined this in more detail and explored AVEVA’s suite of cutting-edge software solutions, specifically designed to help mining companies make progress on their digitalisation journey and empower their operations.
Watch the full webinar, completed with detailed case studies and an insightful Q&A session.
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Convergent, in association with African Review, has held a detailed webinar exploring the usage and effectiveness of lithium silicates and densifiers over traditional methods of concrete surface management which often struggle to meet the increasing challenges posed by concrete surface management.
Convergent experts including Mputu Schmidt, CEO of Convergent; Carlos Garcia, product manager end-user solutions, construction chemicals, Spain and Portugal for the RD Group; Matteo Mozzarelli, CEO of concrete Solutions Italia; and Jean-Claude Biard, global senior executive for the Convergent Group, presented across the session.
Together, they delved into the latest cost-effective application methods for long lasting finishing of concrete that can help reduce maintenance costs and avoid unexpected repair action. In addition, they examined the advancements in technologies that can sustain increased abrasion resistant stains and ensure gloss retention to the highest quality.
As part of the webinar, the representatives explored case studies including a case in DRC where a medical centre had been constructed with a low-quality concrete floor. The customer was considering completely replacing the floor but instead, Convergent put forward a special treatment with its 244+ Pentra-Sil lithium hardener, densifier and sealer. With this solution, Convergent can increase the hardness of a surface by up to 40% and therefore saved the customer significant recuperation costs over a complete replacement. Convergent were happy to report that the solution was perfect for the facility and the customer was pleased to avoid the extra construction work that would have been required for a complete replacement.
Watch the full webinar, including more information about Convergent’s innovative solutions.
Tenders are up for grabs to conduct a bankable feasibility study for the proposed Luapula hydropower project
Located on the Luapula river, which straddles Zambia and the south-eastern part of the Democratic Republic of Congo (DRC), the project has been in the planning for years.
It consists of hydropower plants and transmission line construction at three sites Mumbotuta, Mambilima, and Mambilima with an estimated total installed capacity of 789 MW and is regarded as a key link in the Southern African Power Pool (SAPP).
This week, SAPP announced that it had received grant funding to support technical and economic feasibility studies and was on the lookout for consultants for the provision of a bankable feasibility study, conceptual design, and separate tender documents for each country for the hydropower stations and transmission lines.
It stated that the financing was from NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) and the Multilateral Cooperation Centre for Development Finance (MCDF), with the African Development Bank (AfDB) as its supervising entity in the administration of the grant money.
Expressions of interest for the feasibility work are to be delivered via the SAPP’s Johannesburg office by 28 March 2025.
A separate feasibility study is also up for grabs to explore the environmental and social impact assessment of the project and draw up a resettlement action plan.
The new consultancy and feasibility contracts bring the prospect of Luapula hydropower closer to reality after many years in the making.
The DRC and Zambian governments signed a Memorandum of Understanding for the joint development of generation projects in the Luapula River Basin and a new power interconnector between the two countries back in 2015.
The area’s potential for hydropower was first noted in the 1970s, however.
It was later identified as a priority project in the SAPP Pool Plan of 2017.
The Luapula River runs in south-central Africa forming a boundary between the southern DRC and northern Zambia for about 560 km of its course.
The river rises in the Bangweulu Swamps, one of the world’s largest wetlands, lying east of Lake Bangweulu in eastern Zambia, then descends into a series of falls and runs into Lake Mweru in Tanzania.
In 2021, US$2.5mn was spent on feasibility studies, notably to examine the Mumbotuta site, on behalf of the DRC and Zambian state power utilities, SNEL and ZESCO.
According to the AfDB, the project will also facilitate integration with the Kolwezi-Solwezi transmission interconnector project, the Mozambique-Zambia interconnector and the Zambia-Tanzania-Kenya (ZTK) transmission interconnector (via the ZESCO network).
Read more:
A transformative year for Africa's energy sector

A US$250mn IFC loan will help Standard Bank finance eco-friendly, affordable housing and commercial developments across South Africa. (Image source: Adobe Stock)
To boost the development and purchase of eco-friendly buildings and homes across South Africa, including in the affordable housing sector and for women homeowners, IFC has announced a US$250mn loan to The Standard Bank of South Africa Limited, the nation’s largest bank by asset value
The unsecured senior loan will enable Standard Bank to extend financing to real estate developers and homebuyers for properties that meet international best practices for sustainable construction.
This collaboration will drive greener development in South Africa’s residential, commercial, industrial, and retail property sectors, with each project adhering to IFC’s EDGE certification or an equivalent standard for energy and water efficiency and sustainable building materials.
EDGE provides property developers with insights on constructing environmentally friendly buildings and offers a fast, easy, and reliable method to assess their energy efficiency.
Boosting green housing
Up to US$75mn of IFC’s funding will be allocated to individual home loans, with US$37.5mn specifically designated for women purchasing homes. At least half of all funds directed toward new residential projects will be focused on affordable housing.
Kenny Fihla, Standard Bank group deputy CEO for South Africa, stated, “South Africa's property sector presents immense growth potential, and with rising urbanisation, the demand for sustainable, resource-efficient developments has never been greater. This collaboration allows Standard Bank and its clients to meaningfully grow a more sustainable real estate landscape.”
Cláudia Conceição, IFC’s regional director for Southern Africa, added, “IFC is pleased to expand the collaboration with Standard Bank, our longstanding partner in South Africa, to help widen access to finance for certified green buildings in South Africa. As we continue to champion innovative blended finance solutions to support high-impact segments in the real estate sector, such as affordable housing and women homeowners, IFC is helping in their transition towards a more sustainable future and supporting the growth of a more inclusive and resilient economy.”
To help offset the costs of greening and certification for developers and homeowners, the project will also be supported by a US$4.8mn performance-based initiative under the Market Accelerator for Green Construction (MAGC) program. This bilateral initiative between IFC and the UK’s Department for Energy Security and Net Zero is designed to scale up green residential and commercial construction loans and mortgage financing, benefiting end-borrowers directly.
This partnership aligns with IFC’s commitment to increasing private sector participation in South Africa’s key sectors to drive inclusive, sustainable, and broad-based growth. Over the past five years, IFC has invested more than US$5.2bn in South Africa, making it IFC’s largest country exposure in Africa and its fifth largest globally.
Also read: Africa’s hydrogen horizon expands rapidly

With tailored solutions and local support, Integrated Pump Technology ensures continuous operation for mines across the continent. (Image source: Integrated Pump Technology)
Integrated Pump Technology has been instrumental in assisting mining operations with the ongoing challenge of groundwater ingress, both at surface and underground levels
Uncontrolled groundwater can significantly disrupt mining activities, especially during the rainy season, which varies across Africa’s diverse regions. With mining sites exposed to anything from heavy seasonal rainfall to localised geological conditions, effective dewatering strategies are essential for maintaining both productivity and safety.
Managing director Jordan Marsh emphasises the company’s role as the authorised distributor of Grindex electric submersible pumps and Godwin diesel-driven self-priming pumps, offering reliable dewatering solutions tailored to diverse mining applications.
“Both these pump ranges are well-known global brands that are designed to handle the often harsh and unpredictable conditions that mines face across the continent. Mining operations in many parts of Africa, where dewatering is mission-critical, have been quick to adopt dewatering solutions from us, knowing that our team understands the requirements and the support is in place to ensure reliable operation,” explained Marsh.
Expanding African dewatering
The company’s strong market growth reflects its strategic expansion efforts in key mining regions. Notably, demand has surged in the Democratic Republic of Congo (DRC) and Zambia, where the rising global need for copper—driven by the transition to a lower-carbon economy—has fueled mining activity. Copper mines in the DRC, among the wettest in the world, present unique challenges in managing water ingress.
Marsh underscores the critical role of dewatering in these mines. “Our Grindex submersible pumps have long been the go-to solution for dewatering in these extremely wet mines, and with the addition last year of the diesel driven Godwin pump range to our portfolio we have seen increased demand for these units, whether skid or trailer mounted,” stated Marsh.
Recognising the importance of reliable service, Integrated Pump Technology is focused on strengthening its sales and support infrastructure through local distribution partnerships. This approach ensures that end-users receive consistent and effective assistance.
Marsh further highlights how the growing depth of Southern African copper mines is driving demand for powerful dewatering solutions. “Grindex pumps, known for their durability and effectiveness, are playing a pivotal role in keeping these deeper mining operations operational and safe. Significantly, the demand is for both smaller pumps (3.7 kW and 5.6 kW) and larger units (up to 90 kW),” noted Marsh.
Beyond the DRC and Zambia, the company continues to expand its footprint into East and West Africa. A key factor in its success has been the development of a strong distributor network, ensuring that mining operations in countries such as Angola, DRC, Gabon, Kenya, Malawi, Rwanda, Zambia, Tanzania, and Uganda receive the necessary expertise and equipment to address their specific dewatering needs.
“Our business development drive into these African territories is yielding exciting progress,” concluded Marsh.
Also read: MMG places Kinsevere cobalt plant on ice

Siemens presents cutting-edge AI and automation solutions for intralogistics, enhancing efficiency, flexibility, and sustainability at LogiMAT 2025. (Image source: Siemen)
At LogiMAT 2025, taking place March 11-13, Siemens presents its latest advancements in industrial automation and digitalisation for the intralogistics sector
In response to global challenges such as labor shortages, rising sustainability demands, and demographic shifts, Siemens introduces cutting-edge solutions designed to enhance efficiency, flexibility, and sustainability. A key highlight, Simatic Robot Pick AI Pro, an advanced industrial vision AI, enables AI-powered picking robots. This technology exemplifies how software-defined and data-driven automation drives adaptability in automation solutions, tackling the complexity of modern intralogistics while ensuring long-term reliability. The Siemens Xcelerator ecosystem plays a crucial role in fostering innovation and cross-platform integration, accelerating the shift toward a Digital Enterprise.
Revolutionising robot-based picking with AI
At the core of Siemens' LogiMAT showcase, Simatic Robot Pick AI Pro, a pre-trained deep-learning vision software, enables robots to perform model-free 3D picking of unknown objects. Equipped with adaptable vacuum multi-grippers, the system determines gripping poses (6-DoF) in milliseconds, handling a diverse range of inventory items regardless of their shape, size, or packaging. This innovation paves the way for cost-effective, autonomous, and scalable robot solutions in single-piece order picking, particularly benefiting e-commerce and addressing workforce shortages in repetitive picking tasks.
As part of the Siemens Industrial Operations X portfolio within Siemens Xcelerator, Simatic Robot Pick AI Pro integrates software-defined automation and data-driven solutions in industrial ecosystems. A critical element of this approach, Simatic AX, a modern development environment, enhances efficiency in managing both physical and virtual controls. Siemens leverages virtual PLCs to enable greater flexibility and scalability, deploying control systems as software containers through industrial edge management. By integrating these technologies, Industrial Operations X facilitates seamless collaboration across different systems while leveraging edge and cloud computing to optimise operations. This enables machine builders to create highly adaptable and scalable robot order-picking systems tailored to specific industry needs.
Siemens’ AI-powered vision software allows robots to autonomously recognise and handle a vast array of objects, significantly boosting adaptability in dynamic warehouse environments. Additionally, seamless integration with Totally Integrated Automation (TIA) ensures continuous data flow from robot picking cells to broader operational processes. Through the Siemens Xcelerator ecosystem, certified partners like Zivid (industrial 3D cameras) and Piab (vacuum tools) contribute to the ongoing development of innovative automation solutions.
Siemens industrial copilot: AI-powered engineering assistance
At LogiMAT 2025, Siemens Industrial Copilot enhances automation engineering by streamlining code generation, fault diagnosis, and system development. As the first generative AI assistant for industrial engineering, the Siemens Industrial Copilot for TIA Portal Engineering simplifies complex development workflows while reducing errors. Thanks to seamless integration into the TIA Portal, the AI assistant accelerates automation projects and enables less experienced professionals to apply their skills effectively.
Ghana International Bank (GHIB) has signed a trade finance facility worth US$50mn to boost intra-Africa business across a number of sub-Saharan markets
The funding package covers Sierra Leone, Liberia, The Gambia, Benin, Democratic Republic of Congo, Rwanda and Tanzania.
It is supported by British International Investment (BII), the UK’s development finance institution.
Under a Master Risk Participation Agreement (MPRA), the US$50mn package will enable GHIB to support more businesses and facilitate trade flows in the target countries.
It addresses the general lack of credit appetite for frontier markets in Africa for reasons including high risk perception and comparatively lower volumes.“
At GHIB we believe our success over the last 65 years is rooted in a deep understanding of African risk,” said Dean Adansi, GHIB’s CEO.
“This partnership with British International Investment represents a viable path through which we can structure partnerships that leverage this deep knowledge of risk into profitable and impactful transactions.”
Increased trade finance can also enable local firms to import the commodities and equipment they need to sustain and grow their businesses.
The collaboration leverages GHIB’s extensive network and track record in trade finance and allows BII to engage in a partnership that addresses the expanding trade finance gap in African markets, especially under challenging economic conditions.
BII’s involvement brings essential foreign exchange dollar liquidity, critical for the import of key goods to GHIB’s operating markets.
“With this deal, we are employing a structure that uses our deep knowledge and access of the market, harnessed together with the superior scale and capacity of BII,” said Adansi.
“Together, we are bringing this to support and expand opportunity in these emerging markets enabling real GDP growth. Our research indicates that each dollar of trade unlocks about US$1.3 into the GDP of our markets. We will work to make this deal a success, as it will open the way for more liquidity injections into the market.”
BII’s country director for Ghana, Kwabena Asante-Poku, said many African countries have faced challenging economic conditions in recent years that have impacted growth and livelihoods.
“Trade remains a key driver of growth for African economies especially in frontier markets like Sierra Leone, Liberia and The Gambia. Enhancing the flow of trade credit and financial intermediation to these markets will ensure access to essential goods and services which in turn drives sustainable and inclusive economic growth,” said Asante-Poku.
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The Bank of Brazil will enter into an agreement with Mozambique to finance the construction of the Moamba Major dam that will provide drinking water for the Maputo metropolis