Generated by All in One SEO v4.9.10, this is an llms.txt file, used by LLMs to index the site. # Africa Business Convention Africa's Biggest Business Conference and Investment Expo ## Sitemaps - [XML Sitemap](https://africabusinessconvention.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [The Triple Threat: Conflict, Climate, and Cash crushes Africa’s food security](https://africabusinessconvention.com/the-triple-threat-conflict-climate-and-cash-crushes-africas-food-security/) - Sudan, South Sudan, Mali – are African countries already facing or risk entering Catastrophic food insecurity; While The Democratic Republic of the Congo, Nigeria, Somalia, Burkina Faso, Chad, Kenya, are classified as “very high concern.” - [Toyin Sanni urges the government to incentivise businesses to stimulate growth](https://africabusinessconvention.com/toyin-sanni-urges-the-government-to-incentivise-businesses-to-stimulate-growth/) - To stimulate economic growth, businesses need to be incentivised, Toyin Sanni said at the ThinkBusiness Africa Breakfast Meeting at the Capital Club, Lagos. Speaking on government reforms and the recent monetary measures of the Central Bank of Nigeria (CBN), Sanni argues that there should be an alignment of both fiscal and monetary policies, both in - [30 and increasing number of African countries now have IMF financing arrangements Economy](https://africabusinessconvention.com/30-and-increasing-number-of-african-countries-now-have-imf-financing-arrangements-economy/) - Following recent economic shocks of Covid 19, the Russia / Ukraine and the accompanied tightening financial conditions, data shows that at least 30 Africa countries now have some sort of financing arrangements with the International Monetary Fund (IMF). The latest on Burkina Faso is contained in the press realease by the International Monetary Fund - [Evaluating Nigeria’s Sugar-Sweetened Beverage (SSB) Tax: A Critical Review of CAPPA’s Policy Proposals](https://africabusinessconvention.com/evaluating-nigerias-sugar-sweetened-beverage-ssb-tax-a-critical-review-of-cappas-policy-proposals/) - 1. Introduction In May 2025, the Corporate Accountability and Public Participation Africa (CAPPA) published a follow-up to its 2024 report on sugar-sweetened beverages (SSBs) and processed food marketing. Titled “Junk on Our Plates: Exposing Deceptive Marketing of Unhealthy Foods Across Seven States in Nigeria,” the report calls for a steep increase in the SSB tax—from ## Pages - [Home - Africa Business Convention](https://africabusinessconvention.com/) - A community of Africa’s most consequential organisations, companies, institutions and bodies whose representatives are convened annually, connected year-round, and positioned at the centre of the continent’s most important commercial conversations. - [Partner](https://africabusinessconvention.com/events/abc2027/partner-2027/) - Partner/Sponsor Why Partner/Sponsor? ABC is not a conference sponsorship. It is a position in the room where Africa’s most important commercial decisions are made. Every delegate at ABC is a senior decision-maker — CEOs, ministers, DFI investment heads, PE fund managers, institutional investors and the founders building Africa’s most consequential companies. Find below a list - [ABC 2027](https://africabusinessconvention.com/events/abc2027/) - Africa Business Convention 2027 Insights | Networking | Deal-making | Entertainment 2-3 March 2027 | Lagos, Nigeria Join Our Waitlist Attend Africa's most consequential annual business event. 00Days 00Hours 00Minutes 00Seconds ABC 2027 | Africa Trade The Africa Business Convention 2027, taking place from 2–3 March 2027, represents the annual gathering of this expanding ecosystem. It - [About](https://africabusinessconvention.com/about/) - Africa Business Convention About Mission Founder Core Values Welcome to the New Africa Business Convention Africa is entering one of the most consequential periods in its economic history. Across the continent, governments are implementing far-reaching reforms, markets are becoming more integrated through the African Continental Free Trade Area (AfCFTA), technology is redefining industries, and new - [Events](https://africabusinessconvention.com/events/) - Africa Business Convention 2027 2-3 March 2027 | Lagos, Nigeria Learn More Past events Africa Business Convention 2026 February 3, 2026 - February 4, 2026 Africa Business Convention (ABC) Annual Meeting 2025 February 25, 2025 - February 26, 2025 Four Points by Sheraton, Victoria Island, Lagos Special Meeting on Nigeria’s Capital Market 2024 October 7, - [Membership enquiry](https://africabusinessconvention.com/membership-enquiry/) - Membership Seven Sectors. Seven Communities. There’s a community for every sector. Somewhere in Africa, a decision is being made right now that will determine the direction of a sector you operate in, the destination of capital, or the future of a policy that will shape how tens of millions of people live and work. If - [Media Coverage](https://africabusinessconvention.com/events/abc2027/media-coverage/) - Want to cover our Annual Convention(s)? If you are interested in getting involved in the media coverage of the Africa Business Convention (ABC) annual convention(s), kindly fill out the form below. The Annual Convention is definitely one of Africa’s most important events. Media Coverage Form "*" indicates required fields Name* First Last Work Email* Website* - [Get Involved](https://africabusinessconvention.com/events/abc2027/get-involved-2027/) - #Partner #exhibit #Speak #Attend #MediaCoverage Why Get Involved? Network with influential people. Africa Business Convention (ABC) attracts top decision-makers from across industry lines, professional and government circles. It’s a place to meet and build important and long-lasting business relationships. Get Involved Amplify your brand. Africa Business Convention (ABC) is an important platform where brands, products - [Publications - Africa Business Convention](https://africabusinessconvention.com/publications/) - Publications ABC Reports Africa Business Convention Report 2026 Africa Grow tracks Africa’s growth engines in a changing global economy is an integrated analytical view of Africa’s development trajectory. The report responds to the unification of fast population growth,... February, 2026 Download PDF Africa Investment Yearbook 2026 Over the past decade, Africa’s investment performance shows a - [Budding Membership Form](https://africabusinessconvention.com/budding-membership-form/) - Budding Membership Enquiry Budding Membership Enquiry Form "*" indicates required fields Name* First Last Work email* Enter Email Confirm Email Occupation* Job title* Phone number* Do you have a registered business?* Yes No Nature of business* Head office location* Sector/Community* AFS - Agriculture & Food Security BIC - Banking, Investments & Capital BSG - Business - [Speakers Africa Business Convention 2027](https://africabusinessconvention.com/events/abc2027/speakers-2027/) - An assembly of featured speakers at past and upcoming Africa Business Convention events. - [Speakers Africa Business Convention 2026](https://africabusinessconvention.com/events/abc2027/speakers/) - #ABC2027 Speaker Announcement Coming Soon Featured Speakers in #ABC 2026 Alex Onyia Chief Executive Officer Educare Uwa Ohiku Senior Partner Jackson, Etti & Edu Emomotimi Agama Director General SEC, Nigeria Olumide Abimbola Executive Director Africa Policy Research Institute Onyinye Okafor Partner Udo Udoma & Belo-Osagie Titi Ojo Founder & CEO Agrochains Consult Services Ltd Wiebe - [Speakers](https://africabusinessconvention.com/speakers/) - #ABC 2023 Speakers Partner Speakers Benedict Oramah President / Chairman AFREXIMBANK Mohamad Darwish CEO and Co-Founder IHS Nigeria Dimieari Von Kemedi MD & CEO Arila Akindele Akintoye Founder & CEO Platform Capital Speakers Thapelo Tsheole CEO Botswana Stock Exchange Ibukun Awosika MD/CEO The Chair Centre Group Tito Alai Director, Communications & Events AfreximBank Frank Aigbogun - [FAQ](https://africabusinessconvention.com/events/abc2027/faq/) - Frequently Asked Questions What is the Africa Business Convention about? Welcome to the New Africa Business Convention Africa is entering one of the most consequential periods in its economic history. Across the continent, governments are implementing far-reaching reforms, markets are becoming more integrated through the African Continental Free Trade Area (AfCFTA), technology is redefining industries, - [Community](https://africabusinessconvention.com/community/) - The ABC Community The Seven Communities of ABC These are the seven sectoral communities that guide our work. 1. AFS Agriculture & Food Security Africa holds 60% of the world’s uncultivated arable land and yet imports more than $90 billion in food every year. The AFS Community exists to close that gap, not as a - [ABC 2027 Waitlist Form](https://africabusinessconvention.com/waitlist/) - ABC 2027 Waitlist Form ABC 2027 Waitlist Form "*" indicates required fields Step 1 of 2 50% Email* Participation option* Online Delegate Individual Delegate Corporate Delegate Prefix* ChooseMr.Mrs.Ms.MissDr.Prof.Her ExcellencyHis ExcellencyOther Delegate Name* First Last Organization/Company* Industry* ChooseAccounting/FinanceAdvertising/Public RelationsAerospace/AviationArts/Entertainment/PublishingAutomotiveBanking/MortgageBusiness DevelopmentBusiness OpportunityClerical/AdministrativeConstruction/FacilitiesConsumer GoodsCustomer ServiceEducation/TrainingEnergy/UtilitiesEngineeringGovernment/MilitaryGreenHealthcareHospitality/TravelHuman ResourcesInstallation/MaintenanceInsuranceInternetJob Search AidsLaw Enforcement/SecurityLegalManagement/ExecutiveManufacturing/OperationsMarketingNon-Profit/VolunteerPharmaceutical/BiotechProfessional ServicesQA/Quality ControlReal EstateRestaurant/Food ServiceRetailSalesScience/ResearchSkilled LaborTechnologyTelecommunicationsTransportation/LogisticsOther Designation/Role* Telephone* Country of - [Vanguard Membership Form](https://africabusinessconvention.com/vanguard-membership-form/) - Vanguard Membership Enquiry Vanguard Membership Enquiry Form "*" indicates required fields Name* First Last Work email* Enter Email Confirm Email Job title* Phone number Organisation* Head office location* Sector/Community* AFS - Agriculture & Food Security BIC - Banking, Investments & Capital BSG - Business Environment, Social & Governance FIT - Fintech, Innovation and Technology JET - [Home - Africa Business Convention](https://africabusinessconvention.com/home_1/) - The Africa Business Convention (ABC) exists to accelerate Africa’s economic transformation by uniting policymakers, business leaders, and partners to champion enterprise, investment, and inclusive growth. - [About](https://africabusinessconvention.com/about_2/) - About Africa Business Convention About Mission Founder Core Values Africa Business Convention (ABC) is a premier convening of business leaders, policy makers, investors, and entrepreneurs from across Africa and beyond, presenting a unique platform for insightful debates around the prevailing challenges confronting businesses on the continent and the emerging opportunities for investors. 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Address: 19 Bishop Kale Close, Victoria Island, Lagos, Nigeria Email: info@africabusinessconvention.com - [Get Involved Africa Business Convention 2026](https://africabusinessconvention.com/events/abc2027/get-involved/) - #Partner #exhibit #Speak #Attend #MediaCoverage Why Get Involved? Network with influential people. Africa Business Convention (ABC) attracts top decision-makers from across industry lines, professional and government circles. It’s a place to meet and build important and long-lasting business relationships. Get Involved Amplify your brand. Africa Business Convention (ABC) is an important platform where brands, products - [Partner Africa Business Convention 2026](https://africabusinessconvention.com/events/abc2027/partner/) - Partner/Sponsor Why Partner/Sponsor? Partnering with Africa’s leading business conference and investment expo provides unmatched brand exposure, opportunities for new partnerships, insights into market trends, and accelerated growth prospects. Find below a list of different partnership categories available for selection. Make a choice today, maximise your participation. DIAMOND SPONSOR Rate: NGN30,000,000 (U$D20,000) Available partnership slots: 5 - [Exhibition Africa Business Convention 2026](https://africabusinessconvention.com/events/abc2027/exhibit/) - #ABC2023 Exhibition Bring Your Business to #ABC2023 - Africa Connected Africa Business Convention (ABC) is a premier business convening in Africa for business leaders, governments, policymakers, innovators, investors and entrepreneurs. It aggregates and advances business interests in Africa. ABC prides itself as Africa’s #1 Business Conference and Investment Expo – an excellent event where businesses, - [About Africa Business Convention 2026](https://africabusinessconvention.com/events/abc2027/about/) - ABC 2026 | Africa Grow ABC 2026 | Africa Grow Background The Africa Business Convention, Africa’s #1 business and investment platform, is critical to the transformation of Africa’s business landscape and its entire economy. Therefore, every Convention since its inception is carefully designed to drive/galvanise/facilitate Africa’s governments, businesses, policymakers, investors, etc. (to move) in this - [Report](https://africabusinessconvention.com/report/) - Reports View Report View Report - [Stories](https://africabusinessconvention.com/stories/) - The Triple Threat: Conflict, Climate, and Cash crushes Africa’s food security 19 November 2025 Sudan, South Sudan, Mali – are African countries already facing or risk entering Catastrophic food insecurity; While The Democratic Republic... Read More Evaluating Nigeria’s Sugar-Sweetened Beverage (SSB) Tax: A Critical Review of CAPPA’s Policy Proposals 28 May 2025 1. - [Events](https://africabusinessconvention.com/eventsa/) - Upcoming events Past events Africa Business Convention 2026 February 3, 2026 - February 4, 2026 Africa Business Convention (ABC) Annual Meeting 2025 February 25, 2025 - February 26, 2025 Four Points by Sheraton, Victoria Island, Lagos Special Meeting on Nigeria’s Capital Market 2024 October 7, 2024 Four Points by Sheraton, Victoria Island, Lagos ESRI User - [](https://africabusinessconvention.com/surveys/) - Survey on Nigeria’s Economic Reforms Next month marks two years since President Bola Ahmed Tinubu ended the decades-long petrol subsidy. Major economic reforms have followed—from FX market unification to new tax policy proposals and sectoral initiatives like NELFUND and electricity deregulation. We want to understand how well-informed Nigerians are about these changes and how - [Get Involved!](https://africabusinessconvention.com/get-involved/) - How can i get involved? #Sponsor #Partner #exhibit #Speak #Attend #MediaCoverage Why Get Involved? Network with influential people. Africa Business Convention (ABC) attracts top decision-makers from across industry lines, professional and government circles. It’s a place to meet and build important and long-lasting business relationships. Get Involved Amplify your brand. Africa Business Convention (ABC) is - [Startup Africa](https://africabusinessconvention.com/startup-africa/) - Start-up Africa Where innovators, investors and partners meet to Learn, Connect, Deal and Play. Start-up Africa, a new introduction to ABC, and it is designed to offer innovators and investors a warm environment to share knowledge, exchange ideas, build connections, seek funding and explore collaboration opportunities in the most productive ways possible. The key objective is - [Media Coverage](https://africabusinessconvention.com/media-coverage/) - Want to cover Africa's #1 business conference & investment expo? If you are interested in getting involved in the media coverage of #ABC2023 kindly fill the form below. Africa Business Convention is definitely one of the most important events taking place in Africa in 2023 Media Coverage Form - [ABC 2023 - Registration](https://africabusinessconvention.com/abc-2023-registration-mini/) - #ABC2023 Delegate Registration Form Participation in #ABC2023 is free! However, individuals and organisations are invited to register here to stand a chance of participating in the convention. Kindly fill out the form below to start your journey. Should you be interested in partaking in the lunch and cocktail dinner, you will be required to pay - [Online Registration](https://africabusinessconvention.com/online-registration/) - #ABC2023 Delegate Registration Form SIGN UP NOW! You don't want to miss the opportunity to network with other influential business and government leaders from across the globe. SIGN UP NOW! You don't want to miss the opportunity to network with other influential business and government leaders from across the globe. - [Newsletter](https://africabusinessconvention.com/newsletter/) - Newsletter [newsletter] - [Regisration form 1](https://africabusinessconvention.com/regisration-form-1/) - Apply to attend ABC 2022 in person or online In person Online In person Online ## Event Page Template - [Single Page Template](https://africabusinessconvention.com/?epta=single-page-template) ## Africa Briefs - [Who Borrowed Most? Nigeria's Presidential Debt Record 1999– 2025](https://africabusinessconvention.com/africa-briefs/who-borrowed-most-nigerias-presidential-debt-record-1999-2025/) - Recent public commentary has portrayed President Bola Ahmed Tinubu as Nigeria's most aggressive borrower since the return to democracy in 1999. Some commentators have even suggested that the current administration has borrowed more than all previous democratic administrations combined. However, the available evidence does not support these conclusions. - [Africa Investing in Africa](https://africabusinessconvention.com/africa-briefs/africa-investing-in-africa/) - Africa recorded a historic $97 billion in FDI inflows in 2024, a 75% year-on-year increase that raised its share of global FDI from 4% to 6%, even as global FDI fell by 11% (UNCTAD World Investment Report 2025). This marks a dramatic shift from earlier decades. In the 1970s, Africa attracted an average of just $907 million annually, rising to $1.3 billion in the 1980s and $4.3 billion in the 1990s as liberalisation opened previously closed economies (CGD, 2003). A commodity boom later pushed inflows to $98 billion in 2013, before falling back with declining oil and mineral prices (ISS African Futures). For most of this period, Africa functioned primarily as a destination for foreign capital rather than a source of it. - [Nigeria's Fiscal Paradox](https://africabusinessconvention.com/africa-briefs/nigerias-fiscal-paradox/) - Nigeria heads into 2026 with a widening gap between strong economic growth and rising fiscal pressure.The economy is projected to grow by 4.4%, with GDP expected to reach $334 billion, supported by improving oil output and stabilising macroeconomic conditions. However, this growth is occurring alongside increasing strain on public finances. - [Nigeria’s Banking Recapitalisation: The Role of Capital Markets Revisited](https://africabusinessconvention.com/africa-briefs/nigerias-banking-recapitalisation-the-role-of-capital-markets-revisited/) - Large-scale financial reforms do not succeed solely because regulatory requirements are introduced. They succeed because financial systems possess the institutional capacity, market infrastructure, and regulatory architecture required to mobilise capital at scale. - [Dangote East Africa Refinery](https://africabusinessconvention.com/africa-briefs/dangote-east-africa-refinery/) - The proposed Dangote East Africa Refinery — a 650,000 barrel per day facility to be located at Tanga Port in northeastern Tanzania — is the most significant energy infrastructure commitment on the continent since the construction of the Dangote Lekki refinery in Lagos. Announced at the Africa Finance Corporation’s Africa We Build Summit in Nairobi in April 2026, the project would serve as the downstream anchor of a fully integrated energy corridor stretching from landlocked crude producers in the Great Lakes region to the Indian Ocean coast. - [The Strait of Hormuz and the Markets of Africa](https://africabusinessconvention.com/africa-briefs/the-strait-of-hormuz-and-the-markets-of-africa/) - Africa and the global economy is experiencing another shock. This follows the growing and volatile US, Israel, and Iran conflict that started on the 28th of February 2026. This report provides the latest on Africa markets and investment landscape. - [China - Africa Trade Policy](https://africabusinessconvention.com/africa-briefs/china-africa-trade-policy/) - On 1 May 2026, China implemented a historic zero-tariff policy covering 100 percent of tariff lines for all 53 African nations with diplomatic ties. The policy is locked in through April 2028, marking the first time a major economy has offered duty-free access at this scale unilaterally. - [Africa Invest: Q1 2026 Market Commentary](https://africabusinessconvention.com/africa-briefs/africa-invest-q1-2026-market-commentary/) - This edition covers Q1 2026 (January through March). It is structured in four sections: The Continent Snapshot, covering pan-African macro and market highlights; Market by Market, breaking down equities and currencies by region; Commodities & Capital Flows, tracking the goods and money moving through the continent; and a dedicated spotlight on Investing in Nigeria: What the new tax landscape means for you, a critical read for any investor with Nigerian exposure. - [Toyin Sanni urges the government to incentivise businesses to stimulate growth](https://africabusinessconvention.com/africa-briefs/toyin-sanni-urges-the-government-to-incentivise-businesses-to-stimulate-growth/) - To stimulate economic growth, businesses need to be incentivised, Toyin Sanni said at the ThinkBusiness Africa Breakfast Meeting at the Capital Club, Lagos. - [30 and increasing number of African countries now have IMF financing arrangements Economy](https://africabusinessconvention.com/africa-briefs/30-and-increasing-number-of-african-countries-now-have-imf-financing-arrangements-economy/) - Following recent economic shocks of Covid 19, the Russia / Ukraine and the accompanied tightening financial conditions, data shows that at least 30 Africa countries now have some sort of financing arrangements with the IMF. - [Evaluating Nigeria’s Sugar-Sweetened Beverage (SSB) Tax: A Critical Review of CAPPA’s Policy Proposals](https://africabusinessconvention.com/africa-briefs/evaluating-nigerias-sugar-sweetened-beverage-ssb-tax-a-critical-review-of-cappas-policy-proposals/) - In May 2025, the Corporate Accountability and Public Participation Africa (CAPPA) published a follow-up to its 2024 report on sugar-sweetened beverages (SSBs) and processed food marketing. - [The Triple Threat: Conflict, Climate, and Cash crushes Africa’s food security](https://africabusinessconvention.com/africa-briefs/the-triple-threat-conflict-climate-and-cash-crushes-africas-food-security/) - Sudan, South Sudan, Mali – are African countries already facing or risk entering Catastrophic food insecurity; While The Democratic Republic of the Congo, Nigeria, Somalia, Burkina Faso, Chad, Kenya, are classified as “very high concern.” ## Brief Articles - [Looking Ahead: Q2 2026](https://africabusinessconvention.com/africa-brief-articles/looking-ahead-q2-2026/) - Global oil price direction. Brent crude climbed to around $112.57/barrel in the final week of March amid Middle East tensions. For Nigeria and Angola, higher oil prices improve fiscal revenue and FX inflows but may increase the cost of things, as these countries are import-dependent. For oil-importing nations like Kenya, Ghana, and Côte d'Ivoire, they - [Spotlight: Investing in Nigeria](https://africabusinessconvention.com/africa-brief-articles/spotlight-investing-in-nigeria-2/) - What the new tax landscape means for you This section is particularly relevant for domestic and foreign investors with Nigerian equity, bond, or business exposure. Investors seeking to understand Nigeria's tax on investments, withholding tax in Nigeria, capital gains tax in Nigeria, or how Nigerian tax policy affects stock market returns will find this section - [Commodities & Capital Flows](https://africabusinessconvention.com/africa-brief-articles/commodities-capital-flows-2/) - Gold: Africa's biggest export winner in Q1 2026 Gold had an extraordinary quarter globally, and African producers, particularly in South Africa, Ghana, Mali, Tanzania, and the DRC, were direct beneficiaries. According to the World Gold Council (gold.org), the LBMA Gold Price PM in USD delivered its strongest January since 1980, surging 14% in the month - [Currencies Q1 2026](https://africabusinessconvention.com/africa-brief-articles/currencies-q1-2026-2/) - The broad theme across African FX in Q1 2026 was appreciation against the US dollar. Of the sixteen major African currencies tracked in our database, most gained or held their ground in the first quarter. Nigeria's Naira told a nuanced story. It opened the year near ₦1,543/$ (CBN NFEM average), recovered strongly to ₦1,368.5/$ by - [Market By Market Equities](https://africabusinessconvention.com/africa-brief-articles/market-by-market-equities/) - The Nigerian Exchange All-Share Index delivered the most dramatic equity story on the continent in Q1 2026. It started the year at 155,613 points and never looked back. The rally was broad-based. Banking, consumer goods, industrials, and insurance all contributed. Foreign portfolio investors returned in force, with $3 billion in inflows recorded in January alone. - [The Continent Snapshot](https://africabusinessconvention.com/africa-brief-articles/the-continent-snapshot/) - While global indices struggled under the weight of rising Middle East tensions and oil price spikes in late March, the S&P 500 fell roughly 1.7% in the final week of the quarter. African stock markets were busy setting all-time highs, cutting interest rates, and watching their currencies strengthen. The continent did not move as one, - [The Real Fiscal Challenge is Debt Service](https://africabusinessconvention.com/africa-brief-articles/the-real-fiscal-challenge-is-debt-service/) - Nigeria's debt challenge is increasingly defined not by the size of the debt stock but by the cost of servicing it. Debt-service obligations consume a significant proportion of government revenues, limiting the resources available for development priorities. Rising debt service obligations reduce fiscal space for growth-enhancing investments. The country's debt-service burden reflects: obligations accumulated over - [Inside Nigeria’s Domestic Debt Story](https://africabusinessconvention.com/africa-brief-articles/inside-nigerias-domestic-debt-story/) - Most of the criticism around Tinubu’s borrowing record has centred on external debt, but the domestic figures add important context. In dollar terms, domestic debt eased from about $65.6 billion in Q1 2023 (Buhari era) to $59.1 billion by end- 2025 (Tinubu era), a decline of roughly $6.5 billion. That sits against an increase of - [Why Naira Debt Figures Can Mislead](https://africabusinessconvention.com/africa-brief-articles/why-naira-debt-figures-can-mislead/) - External debt obligations are contracted and repaid in foreign currency. As such, dollar-denominated measurements provide the most consistent basis for comparison across administrations. Following exchange-rate unification in June 2023, the naira depreciated significantly against the US dollar. This had a substantial accounting effect on the domestic valuation of Nigeria's external debt stock. The approximately $42.5 - [Who Borrowed Most? Nigeria's Presidential Debt Record 1999– 2025](https://africabusinessconvention.com/africa-brief-articles/who-borrowed-most-nigerias-presidential-debt-record-1999-2025/) - Nigeria's external debt stock stood at approximately $42.5 billion when President Tinubu assumed office in May 2023. By December 2025, it had risen to approximately $51.9 billion, representing a net increase of around $9.4 billion. By contrast, Nigeria's external debt increased from approximately $10.3 billion in 2015 to $42.9 billion by 2023, representing a net - [What This Means: Credit, Jobs, And The Transmission Multiplier](https://africabusinessconvention.com/africa-brief-articles/what-this-means-credit-jobs-and-the-transmission-multiplier/) - Evidence from emerging markets suggests recapitalisation improves financial stability, credit capacity, and broader economic outcomes when supported by strong supervision and market credibility. Nigeria possesses substantial domestic capital pools, particularly within pensions and institutional assets. The key question therefore is no longer simply whether banks can raise capital. The larger question is whether stronger balance - [The Capital Allocation Gap](https://africabusinessconvention.com/africa-brief-articles/the-capital-allocation-gap/) - Domestic investors accounted for ₦3.37 trillion, representing 72.55% of total capital raised, while international investors contributed ₦1.28 trillion. This composition reflects a structural shift within Nigeria’s financial system. Unlike earlier reform cycles that depended heavily on public sector support, the 2024–2026 exercise relied primarily on private savings mobilisation. However, Nigeria’s investment requirements remain significantly larger - [A Pattern Seen Before: Market-Mediated Reform In Comparable Economies](https://africabusinessconvention.com/africa-brief-articles/a-pattern-seen-before-market-mediated-reform-in-comparable-economies/) - Nigeria’s transition mirrors patterns observed in comparable emerging economies. Following India’s 1991 liberalisation, banks strengthened capital through public market listings rather than forced mergers. Brazil followed a similar path through selective consolidation and capital market deepening. Nigeria appears to be entering a similar transition. Tier-1 institutions have strengthened capital positions and increasingly demonstrate regional competitiveness. - [The Role Of The Capital Market: Four Functions Demonstrated](https://africabusinessconvention.com/africa-brief-articles/the-role-of-the-capital-market-four-functions-demonstrated/) - The 2024–2026 recapitalisation shows Nigeria’s capital market evolving from a passive listing platform into core infrastructure for financing national transformation. Four key functions were clearly demonstrated. First, it acted as a mobilisation engine, absorbing ₦4.65 trillion in equity issuance over 24 months without sustained price instability, subscription failures, or disruption in secondary trading. Second, it - [The Regulatory Layer: SEC, CBN, And NGX](https://africabusinessconvention.com/africa-brief-articles/the-regulatory-layer-sec-cbn-and-ngx/) - Nigeria’s key market institutions – the SEC, CBN, and NGX – operate at significant scale but have historically faced coordination challenges due to differing mandates. The 2024–2026 recapitalisation marked the most coordinated inter-agency execution in the market’s history, supported by the Investments and Securities Act (ISA) 2025 and the SEC’s Recapitalisation Framework introduced in June - [Nigeria’s Banking Recapitalisation: The Role of Capital Markets Revisited](https://africabusinessconvention.com/africa-brief-articles/nigerias-banking-recapitalisation-the-role-of-capital-markets-revisited/) - Unlike the 2005 banking consolidation, which relied heavily on mandatory mergers and regulatory pressure, the 2024–2026 exercise was largely driven by voluntary market participation. It was supported by stronger coordination among the Securities and Exchange Commission (SEC), Central Bank of Nigeria (CBN) and Nigerian Stock Exchange (NGX), improved digital issuance systems, and a regulatory framework - [What This Means For Investors](https://africabusinessconvention.com/africa-brief-articles/what-this-means-for-investors/) - For investors assessing Nigeria in 2026, three practical considerations stand out. First, the overall macroeconomic environment still supports private-sector exposure. Sectors that generate their own demand and are less dependent on government spending—such as banking, consumer goods, telecommunications, and parts of the energy sector—are positioned to benefit from projected GDP growth of 4.4%. Second, caution - [Two Stories At Once: Growth And Constraint](https://africabusinessconvention.com/africa-brief-articles/two-stories-at-once-growth-and-constraint/) - Nigeria in 2026 is shaped by two realities moving in opposite directions. On the one hand, the growth outlook remains positive. The IMF projects GDP to reach $334 billion in 2026, which could place Nigeria as Africa’s third-largest economy, behind South Africa and Egypt and ahead of Algeria. This is supported by rising oil production, - [The Tax Reform: Nigeria's Big Bet](https://africabusinessconvention.com/africa-brief-articles/the-tax-reform-nigerias-big-bet/) - To close the widening revenue gap, the Tinubu administration introduced the Nigeria Tax Act 2025, which took effect on January 1, 2026 — the country’s first major tax overhaul in over 35 years. The law simplifies taxation by merging over 60 taxes and levies into one system, exempts small businesses with turnover below ₦50 million - [The Real Problem Is Revenue,Not Debt](https://africabusinessconvention.com/africa-brief-articles/the-real-problem-is-revenuenot-debt/) - Nigeria’s main fiscal constraint is not the size of its debt, but the weakness of revenue generation relative to spending needs. The macroeconomic outlook remains broadly positive, with both the IMF and World Bank projecting GDP growth of 4.4% in 2026, alongside a slight upward revision of 0.2 percentage points from earlier forecasts. This signal - [Growing Fast, Borrowing Faster: A Plain Look at Debt, Revenue, and the Tax Reform Test](https://africabusinessconvention.com/africa-brief-articles/growing-fast-borrowing-faster-a-plain-look-at-debt-revenue-and-the-tax-reform-test/) - Figure 1 illustrates the quarterly trajectory of Nigeria’s public debt stock from Q1 2023 to Q4 2025,presented in both naira and US dollar terms. In naira, debt more than tripled from ₦49.85 trillion to ₦159.28 trillion. In dollar terms, however, debt fell from $108 billion in early 2023 to a low of $89 billion by - [What This Means : Growth, Jobs, And The Investment Multiplier](https://africabusinessconvention.com/africa-brief-articles/what-this-means-growth-jobs-and-the-investment-multiplier/) - A 2025 World Bank study of 4,918 FDI projects across 24 African countries finds that investment boosts employment, upgrades skills, and generates spillovers to domestic firms (Hoekman et al., 2025). Intra-African FDI, focused on finance, manufacturing, and digital infrastructure tends to produce stronger local multipliers than extractive-sector investment, which often operates with limited domestic linkages. - [The Corporate Vanguard : African Companies Investing Across Africa](https://africabusinessconvention.com/africa-brief-articles/the-corporate-vanguard-african-companies-investing-across-africa/) - The strongest form of intra-African investment is corporate, not institutional. Dangote Group remains one of the clearest examples. Dangote Cement operates across multiple African markets including Ethiopia, Senegal, and South Africa, while the Dangote Refinery is expected to reshape regional fuel trade dynamics across West and Central Africa. The company’s recent $1 billion investment commitment - [The Institutional Layer : Afdb, Afc, And Afrexim Bank](https://africabusinessconvention.com/africa-brief-articles/the-institutional-layer-afdb-afc-and-afrexim-bank/) - Africa’s key development institutions; AfDB, AFC, and Afreximbank operate at scale but remain heavily dependent on external capital. Non-African shareholders account for about 40% of AfDB voting power, while AFC and Afreximbank rely significantly on international bond markets and global institutional investors. As a result, they are African-led but not yet primarily Africa-funded, limiting their - [The Intra - African Investment Gap](https://africabusinessconvention.com/africa-brief-articles/the-intra-african-investment-gap/) - African investors accounted for 14% of all investment projects on the continent in 2023, but less than 3% of total capital deployed and about 5% of jobs created (EYAfrica)This imbalance highlights a clear structural issue: African firms are increasingly investing across borders, but with limited financial capacity. The sectoral difference is equally important. Unlike external - [A Pattern Seen Before : Asia And Europe's Investment Transitions](https://africabusinessconvention.com/africa-brief-articles/a-pattern-seen-before-asia-and-europes-investment-transitions/) - Africa is not the first region to shift from external dependence to internal capital formation. East Asia did this through the “Flying Geese” model, led by Japan from the 1960s, where rising wages and industrial upgrading pushed firms to relocate factories and production lines to lower-cost economies such as South Korea, Taiwan, and later Southeast. - [Three Eras: From Extraction To Integration](https://africabusinessconvention.com/africa-brief-articles/three-eras-from-extraction-to-integration/) - Africa's FDI history runs in three distinct phases.The first, from the 1970s to the mid-1990s, was characterised by low investment volumes and heavy reliance on external capital. The US, UK, and France dominated inflows, largely targeting resource extraction in West and Central Africa. Although South Africa, Egypt, and Libya began investing modestly in neighbouring economies - [FDI Flows, Institutional Capital, and the Rise of Pan-African Corporate Investment](https://africabusinessconvention.com/africa-brief-articles/fdi-flows-institutional-capital-and-the-rise-of-pan-african-corporate-investment/) - [Phased Impact Timeline](https://africabusinessconvention.com/africa-brief-articles/phased-impact-timeline/) - Bottom Line The Dangote East Africa Refinery is the most significant infrastructure commitment to African energy self-sufficiency since the Lekki groundbreaking. Three conditions that rarely coincide are currently present: demonstrated execution capability from the same developer, an 82 percent complete supply infrastructure, and political will across multiple sovereign governments. What remains absent — binding - [Risk Register](https://africabusinessconvention.com/africa-brief-articles/risk-register/) - The Nigeria precedent, global refinery history, and East African geopolitical conditions identify seven risk categories that require active management from project inception — not after groundbreaking. - [Economic Impact: The Four Channels](https://africabusinessconvention.com/africa-brief-articles/economic-impact-the-four-channels/) - A 650,000 bpd refinery at full capacity moves East Africa from approximately 75 percent fuel import dependency toward meaningful partial self-sufficiency. The foreign exchange effect is direct: Tanzania alone spent an estimated $2.5 billion on petroleum imports in 2024, and domestic refining at scale would materially reduce that outflow and relieve pressure on central bank - [Political Commitment Vs. Bankable Project](https://africabusinessconvention.com/africa-brief-articles/political-commitment-vs-bankable-project/) - The diplomatic momentum behind the Tanga refinery is, by the standards of comparable African infrastructure projects, unusually broad at this early stage. Kenya's President Ruto confirmed pipeline support from Mombasa to Tanga at the Nairobi summit. Uganda's President Museveni confirmed a crude supply commitment and named EACOP as the delivery mechanism. Tanzania isin active negotiation - [The Project: Parameters And Location Logic](https://africabusinessconvention.com/africa-brief-articles/the-project-parameters-and-location-logic/) - The proposed Dangote East Africa Refinery would process crude from Uganda, the DRC, South Sudan, and Kenya at a target throughput of 650,000 barrels per day — matching the nameplate capacity of the Lagos facility and making it, at full operation, the largest refinery in sub-Saharan Africa. Refined output would be distributed across Tanzania, Kenya, - [The Supply Gap That Created This Moment](https://africabusinessconvention.com/africa-brief-articles/the-supply-gap-that-created-this-moment/) - Africa imports more than 70 percent of its refined petroleum, at a cost the continent cannot indefinitely sustain. The Africa Finance Corporation projects a continental fuel shortfall of 86 million tonnes by 2040 — the equivalent of nearly three Dangote-scale refineries — and no credible pipeline of refining capacity currently exists to close that gap. - [The Geopolitical and Investment Outlook](https://africabusinessconvention.com/africa-brief-articles/the-geopolitical-and-investment-outlook/) - China is positioning this initiative as the anchor of a South-South development architecture, contrasting with more restrictive Western trade postures. In the near term (to 2028), processed agricultural exporters in South Africa, Kenya, and Ghana see immediate EBITDA gains. Cold-chain and logistics also benefit as volumes rise, signalled by Nairobi’s first zero-tariff cargo train. In - [Structural Risks for Investors](https://africabusinessconvention.com/africa-brief-articles/structural-risks-for-investors/) - Four constraints will shape whether this policy drives real transformation or just higher trade volumes. First, the deficit is widening. Chinese exports to Africa grew over 25% in 2025, faster than Africa’s exports into China. Without local processing capacity, zero-tariff access mainly accelerates raw material flows rather than rebalancing trade. Second, readiness is uneven. South - [Historical Precedents: Lessons from AGOA and EBA](https://africabusinessconvention.com/africa-brief-articles/historical-precedents-lessons-from-agoa-and-eba/) - Africa has seen similar trade preference schemes before, most notably AGOA (the African Growth and Opportunity Act) and the European Union’s Everything But Arms (EBA) initiative. AGOA produced concentrated winners, with a handful of countries building apparel, textile, and automotive export bases through US duty-free access. But the gains were fragile for instance when trade - [China Trade vs. Intra-African Trade](https://africabusinessconvention.com/africa-brief-articles/china-trade-vs-intra-african-trade/) - China’s zero-tariff policy is pulling African exports outward just as AfCFTA tries to strengthen trade within the continent. AfCFTA aims to raise intra-African trade, which still accounts for only about 15% of Africa’s total trade far below Asia and Europe. But for many exporters, China is becoming the easier market. A Kenyan coffee processor may - [Sectoral Winners: Where the Margin Lives](https://africabusinessconvention.com/africa-brief-articles/sectoral-winners-where-the-margin-lives/) - Sectors where Chinese tariffs were previously highest capture the largest immediate gain. Agribusiness leads. Cocoa, coffee, avocado oil, citrus, wine, cashews, and dried chilli previously faced Chinese tariffs of 8 to 30 percent. At zero, they are immediately price-competitive against Southeast Asian and Latin American suppliers in one of the world's fastest-growing premium food markets. - [Regional Divergence: Africa Is Moving at Different Speed](https://africabusinessconvention.com/africa-brief-articles/regional-divergence-africa-is-moving-at-different-speed/) - Africa’s economic relationship with China is not uniform. Each region is benefiting in different ways and at different speeds. Southern Africa is the continent’s leading export bloc. South Africa exported $34.2 billion to China in 2025 about 28% of Africa’s total exports driven by a diversified mix of minerals, agriculture, and processed goods. South Africa - [Chine-Africa Changing Trade Dynamics bet](https://africabusinessconvention.com/africa-brief-articles/chine-africa-changing-trade-dynamics-bet/) - Since 2000, trade between Africa and China has expanded 30-fold, but the relationship is now being reshaped by three major phases. First, Africa’s exports are becoming more diversified. Hydrocarbons and raw minerals made up 85% of exports in 2005, but their share fell to under 70% by 2025. Second, Chinese exports to Africa are moving - [The Long Arc: How China's Africa Trade Policy Has Evolved](https://africabusinessconvention.com/africa-brief-articles/the-long-arc-how-chinas-africa-trade-policy-has-evolved/) - China has been Africa's largest trading partner for 16 consecutive years. The May 2026 announcement is the endpoint of a 25-year progression through three distinct phases. The first phase, running from the 1990s to 2012, was driven by China's "Go Out" policy and focused on securing oil, copper, cobalt, and bauxite while opening African markets - [Policy Architecture: The 2028 Horizon](https://africabusinessconvention.com/africa-brief-articles/policy-architecture-the-2028-horizon/) - This initiative expands the 2024 framework for Least Developed Countries (LDCs) to major African economies including South Africa, Nigeria, and Egypt. Crucially, the rates are guaranteed only through April 2028, aligning with the broader 15th Five-Year Plan. This creates a deliberate sense of urgency for exporters to qualify and for investors to deploy capital. To - [The Triple Threat: Conflict, Climate, and Cash crushes Africa’s food security](https://africabusinessconvention.com/africa-brief-articles/the-triple-threat-conflict-climate-and-cash-crushes-africas-food-security/) - Sudan, South Sudan, Mali – are African countries already facing or risk entering catastrophic food insecurity; While the Democratic Republic of the Congo, Nigeria, Somalia, Burkina Faso, Chad, Kenya are classified as “very high concern.” A new United Nations report raises deep concerns about food insecurity in the continent. A very recent report from the Food - [Evaluating Nigeria’s Sugar-Sweetened Beverage (SSB) Tax: A Critical Review of CAPPA’s Policy Proposals](https://africabusinessconvention.com/africa-brief-articles/evaluating-nigerias-sugar-sweetened-beverage-ssb-tax-a-critical-review-of-cappas-policy-proposals/) - 1. Introduction In May 2025, the Corporate Accountability and Public Participation Africa (CAPPA) published a follow-up to its 2024 report on sugar-sweetened beverages (SSBs) and processed food marketing. Titled “Junk on Our Plates: Exposing Deceptive Marketing of Unhealthy Foods Across Seven States in Nigeria,” the report calls for a steep increase in the SSB tax—from ₦10 - [Toyin Sanni urges the government to incentivise businesses to stimulate growth](https://africabusinessconvention.com/africa-brief-articles/to-stimulate-economic-growth-businesses-need-to-be-incentivised-toyin-sanni-said-at-the-thinkbusiness-africa-breakfast-meeting-at-the-capital-club-lagos-speaking-on-government-reforms-and-the-rece/) - To stimulate economic growth, businesses need to be incentivised, Toyin Sanni said at the ThinkBusiness Africa Breakfast Meeting at the Capital Club, Lagos. Speaking on government reforms and the recent monetary measures of the Central Bank of Nigeria (CBN), Sanni argues that there should be an alignment of both fiscal and monetary policies, both in - [30 and increasing number of African countries now have IMF financing arrangements Economy](https://africabusinessconvention.com/africa-brief-articles/30-and-increasing-number-of-african-countries-now-have-imf-financing-arrangements-economy/) - Following recent economic shocks of Covid 19, the Russia / Ukraine and the accompanied tightening financial conditions, data shows that at least 30 Africa countries now have some sort of financing arrangements with the International Monetary Fund (IMF). The latest on Burkina Faso is contained in the press realease by the International Monetary Fund (IMF) - [Special Report: The Strait of Hormuz Crisis](https://africabusinessconvention.com/africa-brief-articles/special-report-the-strait-of-hormuz-crisis/) - The Strait of Hormuz shock is not just a distant geopolitical event for Africa; it is an immediate economic transmission channel. From fuel prices to food costs, the effects are already filtering through the continent’s most vulnerable pressure points. The Strait handles roughly one fifth of global oil trade and a significant share of fertilizer - [Spotlight: Investing in Nigeria](https://africabusinessconvention.com/africa-brief-articles/spotlight-investing-in-nigeria/) - This section is particularly relevant for domestic and foreign investors with Nigerian equity, bond, or business exposure. Investors seeking to understand Nigeria's tax on investments, withholding tax in Nigeria, capital gains tax in Nigeria, or how Nigerian tax policy affects stock market returns will find this section directly useful. Nigeria's tax environment in 2026: What - [Commodities & Capital Flows](https://africabusinessconvention.com/africa-brief-articles/commodities-capital-flows/) - Gold had an extraordinary quarter globally, and African producers, particularly in South Africa, Ghana, Mali, Tanzania, and the DRC, were direct beneficiaries. According to the World Gold Council, the LBMA Gold Price PM in USD delivered its strongest January since 1980, surging 14% in the month and closing at $4,982/oz, an all-time high. In February, - [Currencies — Q1 2026](https://africabusinessconvention.com/africa-brief-articles/currencies-q1-2026/) - The broad theme across African FX in Q1 2026 was appreciation against the US dollar. Of the sixteen major African currencies tracked in our database, most maintained or gained value in the first quarter. Nigeria's naira told a nuanced story. It opened the year near ₦1,543/$ (CBN NFEM average), recovered strongly to ₦1,368.5/$ by February, - [Equities](https://africabusinessconvention.com/africa-brief-articles/equities/) - The Nigerian Exchange All-Share Index delivered the most dramatic equity story on the continent in Q1 2026. It started the year at 155,613 points and never looked back. The rally was broad-based. Banking, consumer goods, industrials, and insurance all contributed. Foreign portfolio investors returned in force, with $3 billion in inflows recorded in January alone. - [The Africa Market Snapshot](https://africabusinessconvention.com/africa-brief-articles/the-africa-market-snapshot/) - While global indices struggled under the weight of rising Middle East tensions and oil price spikes in late March, the S&P 500 fell roughly 1.7% in the final week of the quarter. African stock markets were experiencing all-time highs, cutting interest rates, and currencies strengthened. The continent did not move as one, but the direction - [The fertilizer story: Africa's hidden vulnerability](https://africabusinessconvention.com/africa-brief-articles/the-fertilizer-story-africas-hidden-vulnerability/) - Fertilizer markets present an additional risk. Around 30% of globally traded fertilizer, urea, and ammonia transits the Strait, with the Gulf supplying a large share of global exports. Disruptions have pushed urea prices up by as much as 50% (IFRI, 2026) during the critical March-to-May planting season. This reflects the disruption to roughly one-third of ## ABC Reports - [Africa Investment Yearbook 2026](https://africabusinessconvention.com/abc-reports/africa-investment-yearbook-2026/) - Over the past decade, Africa’s investment performance shows a continent balancing global volatility while building stronger economic foundations. Returns have become more varied, with slowdowns during global tightening cycles offset by rebounds driven by reforms, higher commodity prices, and growing domestic demand. - [Africa Business Convention Report 2026](https://africabusinessconvention.com/abc-reports/africa-business-convention-report-2026/) - Africa Grow tracks Africa’s growth engines in a changing global economy is an integrated analytical view of Africa’s development trajectory. The report responds to the unification of fast population growth, climate stress, global financial tightening, and geopolitical fragmentation, all of which are raising the stakes for job creation, productivity growth, and macroeconomic stability across the continent. ## ABC Report Articles - [Conclusions - Positioning for Africa’s Investment Cycle](https://africabusinessconvention.com/abc-reports-articles/conclusions-positioning-for-africas-investment-cycle/) - Africa’s investment scene is starting to show clear differences across countries and sectors. Success now depends less on broad regional trends and more on strong policies, reliable institutions, and solid fundamentals in each market. Relative Attractiveness of Asset Classes Private capital, infrastructure, and real assets stand out for long-term, risk-adjusted returns, due to strong structural - [2026 Outlook and Investment Scenarios](https://africabusinessconvention.com/abc-reports-articles/2026-outlook-and-investment-scenarios/) - Africa’s investment outlook for 2026 will be shaped by global monetary conditions, commodity cycles, domestic reform momentum, and geopolitical developments. Scenario analysis provides a framework for understanding how asset classes and regions may respond under different macro paths. Base Case Scenario In the base case, easing global inflation allows advanced economies to begin gradual - [Risk, Correlation, and Portfolio Construction](https://africabusinessconvention.com/abc-reports-articles/risk-correlation-and-portfolio-construction/) - Africa’s investment landscape is defined as much by risk differentiation as by return potential. Understanding how African asset classes correlate with each other and with global markets is essential for effective portfolio construction, particularly for investors seeking diversification rather than pure alpha. Correlation Across African Asset Classes Correlation patterns across African asset classes remain relatively - [Alternatives - Private Capital and Real Assets](https://africabusinessconvention.com/abc-reports-articles/alternatives-private-capital-and-real-assets/) - Overview: Alternatives as Structural Return Drivers Alternative investments have become an increasingly important pillar of African portfolios, offering access to long-term growth, structural transformation, and returns less correlated with public markets. Private equity, venture capital, infrastructure, real assets, and impact-oriented investments now play a central role in financing energy transition, digitalization, urbanization, and productivity gains - [Commodities in Africa - Exposure, Cycles & Global Demand](https://africabusinessconvention.com/abc-reports-articles/commodities-in-africa-exposure-cycles-global-demand/) - Commodity Price Performance (Energy, Metals, Agriculture) Global commodity markets have become increasingly fragmented, with energy, metals, and agriculture following distinct price paths. Energy prices remain volatile, shaped by geopolitical tensions and supply chain disruptions. Metals markets are now split: traditional industrial metals like copper and aluminum, and transition minerals such as lithium and cobalt, which - [Currencies - FX Markets and Volatility](https://africabusinessconvention.com/abc-reports-articles/currencies-fx-markets-and-volatility/) - FX as the Dominant Driver of Returns In Africa, foreign exchange markets have evolved from a secondary macro factor to the primary driver of investment outcomes. Over the past decade, currency movements have increasingly determined USD-denominated returns across equities, fixed income, and alternatives, often outweighing underlying asset performance. Rising cross-country dispersion, persistent volatility, and pronounced - [Fixed Income - Bonds and Credit Markets](https://africabusinessconvention.com/abc-reports-articles/fixed-income-bonds-and-credit-markets/) - African fixed income markets offer a wide range of opportunities and risks, shaped by differences in sovereign credit quality, currency stability, interest rate dynamics, and the depth of local corporate bond markets. In 2025, the continent saw divergent performance across countries, with yields reflecting local macroeconomic conditions, external financing pressures, and investor sentiment. Sovereign Bond - [Africa Equities - Top 10 Listed Markets and Returns](https://africabusinessconvention.com/abc-reports-articles/africa-equities-top-10-listed-markets-and-returns/) - Johannesburg Stock Exchange (JSE) – South Africa Market scale and liquidity anchor Africa’s equity ecosystem The Johannesburg Stock Exchange remains Africa’s largest and most developed equity market, with total market capitalisation exceeding US$1 trillion (World Bank, 2025). As the continent’s most liquid exchange, the JSE continues to serve as the principal entry point for international - [Africa in the Global Investment Landscape](https://africabusinessconvention.com/abc-reports-articles/africa-in-the-global-investment-landscape/) - Africa Relative to Emerging and Frontier Markets Africa occupies a unique spot in the global investment landscape, sitting between emerging and frontier markets. While it makes up just over 3 percent of the world’s GDP in nominal terms and nearly 7 percent in purchasing power parity, the continent is home to 18 percent of the - [Conclusion - AFRICA GROW: From Potential To Performance](https://africabusinessconvention.com/abc-reports-articles/conclusion-africa-grow-from-potential-to-performance/) - Africa stands at a decisive inflection point. The continent’s growth fundamentals—demographics, resource endowment, expanding markets, and accelerating digital adoption—remain strong. However, the evidence across the Africa Grow pillars confirms that growth outcomes remain uneven, fragile, and insufficiently transformative. The challenge is no longer one of opportunity identification, but of execution, coordination, and scale. This conclusion - [PIE-Power, Infrastructure, and Energy](https://africabusinessconvention.com/abc-reports-articles/pie-power-infrastructure-and-energy/) - Africa stands at an essential point in its energy and infrastructure evolution. Once defined by long-lasting electricity deficits and heavy reliance on traditional biomass, the continent is now undergoing a gradual transformation shaped by economic growth, demographic expansion, technology advances, and global decarbonization pressures. Energy is central to this shift, not only as a catalyst - [JET-Jobs, Economy, and Trade](https://africabusinessconvention.com/abc-reports-articles/jet-jobs-economy-and-trade/) - Employment trends and labour market challenges Jobs, economy, and trade are key sectors in every country in the world; no country would be able to survive without them. In Africa, jobs and trade have been the backbone of the continent's survival, as each country depends on the others for goods and services it specializes in. - [FIT Fintech, Innovation, and Technology](https://africabusinessconvention.com/abc-reports-articles/fit-fintech-innovation-and-technology/) - Digital transformation and economic growth Africa’s fintech and digital-technology ecosystem is entering a major era characterized by rapid mobile-money expansion, rising digital payments, emerging digital-credit models, and major advances in digital infrastructure. Yet progress is uneven, with regional strengths and systemic weaknesses shaping outcomes zone by zone. The more adults with financial accounts, the higher - [ESG - Environmental, Social, and Governance](https://africabusinessconvention.com/abc-reports-articles/esg-environmental-social-and-governance/) - Environmental sustainability and climate adaptation Environmental, Social, and Governance dynamics are increasingly shaping Africa’s development trajectory, investment landscape, and long-term economic resilience. Environmental pressures from climate change, biodiversity loss, and pollution are intensifying, threatening livelihoods and economies heavily reliant on natural resources and agriculture. On the social front, ESG is promoting greater attention to financial - [BIC-Banking, Investment, and Capital](https://africabusinessconvention.com/abc-reports-articles/bic-banking-investment-and-capital/) - State of Africa’s banking and financial systems Africa’s financial landscape is undergoing a structural evolution shaped by profitability ratios, external capital flows, financial stability indicators, and macro-price dynamics. The interplay of Return on Assets, Foreign Direct Investment, Non-Performing Loans, and inflation reveals an uneven but generally improving trajectory across the continent’s regions. These metrics collectively - [AFS - Agriculture and Food Security](https://africabusinessconvention.com/abc-reports-articles/afs-agriculture-and-food-security/) - Role of agriculture in growth, employment, food production index, and food security reduction. Africa stands at an essential moment in its economic transformation, with the world’s fastest-growing population and vast natural resources. The continent possesses the foundational resources required for sustained and inclusive growth. Yet, rooted structural challenges such as limited access to finance, infrastructure - [Introduction](https://africabusinessconvention.com/abc-reports-articles/introduction/) - Africa stands at an essential moment in its economic transformation, with the world’s fastest-growing population and vast natural resources. The continent possesses the foundational resources required for sustained and inclusive growth. Yet, rooted structural challenges such as limited access to finance, infrastructure deficits, volatile commodity markets, and youth unemployment continue to hinder the full realization ## ABC Speakers - [Yanmo Omorogbe](https://africabusinessconvention.com/abc-speakers/yanmo-omorogbe/) - Yanmo Omorogbe, CFA is the Co-Founder and Chief Operating Officer at Bamboo, the investment platform giving Africans direct access to U.S. and local securities in real time. Prior to launching Bamboo in 2019, she worked in infrastructure private equity at African Infrastructure Investment Managers (AIIM), where she helped execute and manage multimillion-dollar energy investments across - [Alex Onyia](https://africabusinessconvention.com/abc-speakers/alex-onyia/) - Alex Onyia is widely regarded as one of Africa’s most impactful EdTech pioneers. As the CEO of Educare, he has built digital learning systems that reach over 1 million students and 300,000 parents daily. His work sits at the heart of education transformation, leveraging technology, data intelligence, and digital infrastructure to create more inclusive and - [Emomotimi Agama](https://africabusinessconvention.com/abc-speakers/emomotimi-agama/) - A distinguished economist, financial analyst, and chartered management accountant with over 30 years of experience, Dr Agama has held senior leadership roles at the SEC and served as Managing Director of the Nigerian Capital Market Institute, where he advanced regulatory capacity and market reforms. He holds a PhD in Economics and multiple advanced degrees in - [Uwa Ohiku](https://africabusinessconvention.com/abc-speakers/uwa-ohiku/) - Uwa Ohiku is a leading African IP authority and Senior Partner at Jackson, Etti & Edu. The first Nigerian appointed by WIPO’s Arbitration & Mediation Center to adjudicate domain name disputes, she has driven major national IP reforms, including the Trademarks Act review and Nigeria’s work with ARIPO. She also holds leadership roles with IPLAN, - [Olumide Abimbola](https://africabusinessconvention.com/abc-speakers/olumide-abimbola/) - Dr Olumide Abimbola is the founder and director of APRI, with expertise in economic informality, trade policy, regional integration, and natural resources management. He has worked across West and North Africa and with senior government officials in multiple African countries. Previously, he worked at the African Development Bank on continental initiatives such as the Africa - [Onyinye Okafor](https://africabusinessconvention.com/abc-speakers/onyinye-okafor/) - Onyinye Okafor, a finance lawyer, is a regular advisor to international banks including Bank of America Merrill Lynch, JP Morgan, Credit Suisse, and Standard Chartered Bank on complex derivatives and structured finance transactions, and was a key member of the team that reviewed the netting provisions of CAMA 2020. She has led and advised on - [Titi Ojo](https://africabusinessconvention.com/abc-speakers/titi-ojo/) - Titi has worked across public, private, and international development sectors, supporting programmes funded by UNDP, DFID, USAID, GIZ, and others. She played a key role in shaping Nigeria’s non-oil export landscape through the UKAID Policy Development Facility, and is the pioneer Executive Secretary of Network of Practicing Non-Oil Exporters of Nigeria - NPNEN. She also - [Wiebe Boer](https://africabusinessconvention.com/abc-speakers/wiebe-boer/) - Dr Wiebe Boer is Chief Growth Officer of the JIPA Network, where he leads the expansion of a pan-Caribbean healthcare coordination platform spanning South Florida, the Caribbean, Latin America, and West Africa. He drives private sector-led national health insurance development, provider network growth and capital raising for healthcare consolidation across the region. Previously, he served - [Esili Eigbe](https://africabusinessconvention.com/abc-speakers/esili-eigbe/) - Esili is currently the Executive Director at Escap Management, where he leads financial advisory, valuation, and research mandates for corporates, investors, and boards, and Director of Research at Leadway Asset Management, responsible for building and overseeing an institutional grade research platform supporting investment strategy, asset allocation, and decision-making across the group. He previously held senior - [Múyìwá Mátùlúkò](https://africabusinessconvention.com/abc-speakers/muyiwa-matuluko/) - Múyìwá Mátùlúkò is a media entrepreneur focused on how Africa’s business stories are told, trusted, and scaled. He is the CEO of Businessfront, a business-media ecosystem behind Techpoint Africa, Finance in Africa, Energy in Africa and Intelpoint (its research and data arm). Businessfront also runs Businessfront Over 50, an initiative documenting the journeys, decisions and - [Sanyade Okoli](https://africabusinessconvention.com/abc-speakers/sanyade-okoli/) - Sanyade Okoli is a leading African finance expert with three decades of experience across policy advisory, financial advisory, private equity, corporate, commercial & management finance, as well as auditing. She is currently the Special Adviser to Nigeria’s President on Finance and the Economy. She is resident in the Office of the Honourable Minister of Finance & - [Wale Edun](https://africabusinessconvention.com/abc-speakers/wale-edun/) - Mr. Wale Edun, OFR, is a distinguished economist and financial strategist with a career spanning over four decades. His exemplary service, both in the public and private sectors, has earned him national and international recognition as a visionary leader in fiscal management and economic development. Mr. Edun holds a Bachelor’s degree in Economics from the - [Wamkele Mene](https://africabusinessconvention.com/abc-speakers/wamkele-mene/) - H.E. Wamkele Mene was elected by the 33rd Ordinary Session of the Assembly of Heads of States & Government of the African Union, to the position of Secretary-General of the African Continental Free Trade Area (AfCFTA) Secretariat. Prior to being elected Secretary-General of the African Continental Free Trade Area (AfCFTA) Secretariat, he served as Chief Director: - [Ugodre Obi-Chukwu](https://africabusinessconvention.com/abc-speakers/ugodre-obi-chukwu/) - Between 2011 and 2013, Mr. Ugo served as Financial Controller at Ikoyi Hotels Ltd., playing a key role in its privatization, redevelopment, and the successful raising of over $100 million for the Southern Sun Ikoyi Hotels project. In 2014, he joined Ikeja Electric following its privatization, starting as a Senior Accounts Manager and later establishing - [Paul Dozie Arinze](https://africabusinessconvention.com/abc-speakers/paul-dozie-arinze/) - Dr. Paul is an entrepreneur, corporate executive, author, and patent holder. He has experience in energy, business strategy, public policy, communications, international law, and corporate relations, with a focus on how investment, innovation, and policy interact in Africa and other emerging economies. He has advised the Nigerian Senate, chaired a petroleum sector body, and contributed - [Sunday Adebisi](https://africabusinessconvention.com/abc-speakers/sunday-adebisi/) - Prof. Sunday Adebisi is a Professor of Business Administration at the University of Lagos and the first holder of the Dr. Mike Adenuga (Jnr) Professorial Chair in Entrepreneurial Studies. He is a leading authority in entrepreneurship, innovation, and youth employment, and serves as Director of the University of Lagos Entrepreneurship and Skills Development Centre. He also - [Niyi Akinsanya](https://africabusinessconvention.com/abc-speakers/niyi-akinsanya/) - Akinsanya Niyi is a highly accomplished Chartered Accountant, Chartered Tax Advisor, and Chartered Economist with over 20 years of impactful experience in financial management, corporate strategy, and advanced taxation. As Managing Partner of Doxix Consult, he is recognised for his deep technical proficiency and exceptional critical thinking skills, delivering sophisticated financial reporting, corporate governance, and - [Ishmael Balogun](https://africabusinessconvention.com/abc-speakers/ishmael-balogun/) - Mr. Ishmael Balogun is the President of the Nigerian Indonesian Chamber of Commerce and Industry (NICCI) and Chief Executive Officer (CEO) of Goldmine Global Services Ltd. Under his leadership, NICCI has seen remarkable growth in trade and investment, with Nigeria Indonesia trade volume rising from $2 billion in 2000 to $4.7 billion in 2023. He - [Ifebuche Madu](https://africabusinessconvention.com/abc-speakers/ifebuche-madu/) - Ifebuche built Nigeria's first and only textile industry wastewater treatment plant not because regulations required it, but because she believes African manufacturing should lead the global green economy. Today, she has created over 2,000 direct and indirect jobs, partners with 150+ artisans across six African countries (Nigeria, Ghana, Senegal, Benin Republic, Guinea, and Togo), and - [Krish Ranganath](https://africabusinessconvention.com/abc-speakers/krish-ranganath/) - Dr. Krish Ranganath is the Regional Executive for West Africa at Africa Data Centres (ADC), a subsidiary of Cassava Technologies, a pan-African leader in digital services and infrastructure. He focuses on developing and operating regional and edge data centres, supporting local cloud providers, and driving data localisation, business transformation, and AI adoption. With over three - [Richard Ough](https://africabusinessconvention.com/abc-speakers/richard-ough/) - Richard Ough is a senior economist and international development practitioner focused on economic development in emerging markets across Africa, South Asia, and, more recently, Small States. He is passionate about the role of innovation and investment in unlocking development, alongside the essential need for good governance. His career spans 20 years leading development partnerships to - [Chiyedza Nyahuye](https://africabusinessconvention.com/abc-speakers/chiyedza-nyahuye/) - Chiyedza Nyahuye—The #AfricanAIAuntie—is a certified AI Consultant, digital entrepreneurship coach, international speaker, and thought leader, empowering African students and young innovators to solve community challenges with digital skills and AI powered online businesses. From ebooks to workshops, from YouTube to global stages, Chiyedza teaches the future of work and wealth creation in Africa and beyond. - [Miriam Odabe](https://africabusinessconvention.com/abc-speakers/miriam-odabe/) - Miriam is a business growth and go-to-market strategist with over 12 years of experience across entrepreneurship, the private sector and helping SMEs design the systems, structures, and market expansion strategies required for sustainable growth. She is the Founder and Principal Consultant at Rethink Strategy, where she works with business owners and leadership teams in Africa - [Titilope Martins-Wakwe](https://africabusinessconvention.com/abc-speakers/titilope-martins-wakwe/) - Titilope Martins-Wakwe is a respected corporate governance professional with over a decade of experience advising boards, senior executives, and institutions on corporate compliance, governance frameworks, and board effectiveness. Widely regarded as a trusted board advisor, she has worked extensively with local and multinational organisations, supporting boards to strengthen oversight, improve decision-making, and embed sustainable governance - [Lilian Olubi](https://africabusinessconvention.com/abc-speakers/lilian-olubi/) - Lilian Olubi stands as one of Nigeria’s most distinguished finance leaders, uniquely merging deep capital-markets expertise with a passion for creativity, entertainment, and cultural advancement. Her career reflects how financial intelligence can amplify storytelling, unlock new economic pathways, and strengthen the country’s creative industries. Through her work, she demonstrates that finance and culture are not - [Jude Chiemeka](https://africabusinessconvention.com/abc-speakers/jude-chiemeka/) - Mr. Chiemeka is the CEO of Nigerian Exchange Limited (NGX) a fully owned subsidiary of Nigerian Exchange Group. He has over thirty (30) years of professional experience in Securities Trading, Asset Management, and Investment Banking across African markets. He joined The Nigerian Stock Exchange as the Divisional Head of Trading Business in February 2019 and - [Olubiyi Adekunbi](https://africabusinessconvention.com/abc-speakers/olubiyi-adekunbi/) - [Modupe Odele](https://africabusinessconvention.com/abc-speakers/modupe-odele/) - A Founding Partner at Vazi, Modupe’s current practice centers around Fundraising Advisory, Governance and Compliance, and Technology Transactions and Licensing. She also has a keen interest in Decentralized Finance (DeFi), Blockchain and Cryptocurrency, Smart Contracts, and DAOs, advising companies in the Web3 space. Modupe Odele is a Tech Attorney with a strong track record of - [Joseph Nnanna](https://africabusinessconvention.com/abc-speakers/joseph-nnanna/) - Prof. Nnanna is the Chief Economist at the Development Bank of Nigeria PLC, leading Research, M&E, Capacity Building, and Sustainability with over two decades of experience across U.S. and Nigerian banking, industry, and academia, attaining tenured Professor at Oklahoma State. He is the author of 100+ peer-reviewed publications, an editorial board member (Society for Corporate - [Ogho Okiti](https://africabusinessconvention.com/abc-speakers/ogho-okiti/) - Dr Ogho Okiti is the Chief Executive Officer of ThinkBusiness Africa Ltd. and the Convener of the Africa Business Convention, platforms dedicated to delivering incisive economic and business intelligence while convening influential leaders across business and public sectors. A trained macroeconomist, he brings over 22 years of post-PhD experience, combining deep expertise in economic policy - [Ismael Adam Cisse](https://africabusinessconvention.com/abc-speakers/ismael-adam-cisse/) - Ismael Adam Cisse is an entrepreneur and investment banker with over 20 years of solid financial experience gained across North America, Europe and Africa. He has built extensive expertise through 12 years of professional experience in North America, working with industry leaders such as State Street, Transforce and PwC. He is the Founder & CEO - [Tolulope Longe](https://africabusinessconvention.com/abc-speakers/tolulope-longe/) - Tolu is Manager, Commercial Contracts Management at Nigeria LNG Limited (NLNG), where she oversees a portfolio valued at over $11 billion as well as Head Process Control at NLNG. With nearly 30 years' experience in LNG commercialization, gas infrastructure, and strategic negotiations, she has held key leadership roles across Nigeria, the UK, and the Netherlands. - [Atinuke Ajayi](https://africabusinessconvention.com/abc-speakers/atinuke-ajayi/) - [Ifeanyi Chukwunonso Okeke](https://africabusinessconvention.com/abc-speakers/ifeanyi-chukwunonso-okeke/) ## Events - [Africa Business Convention 2026](https://africabusinessconvention.com/event-detail/africa-business-convention-2026/) - February 3 @ 8:00 am - February 4 @ 5:00 pm The Africa Business Convention gathers business leaders, policymakers, and entrepreneurs to discuss Africa's key economic trends, challenges, and opportunities. It offers valuable insights and networking opportunities to drive growth and innovation across the continent. Focused on sectors like technology, agriculture, finance, and infrastructure, the - [ESRI User Conference West Africa 2024](https://africabusinessconvention.com/event-detail/esri-user-conference-west-africa-2024/) - September 10, 2024 @ 8:00 am - September 11, 2024 @ 5:00 pm Esri is the global market leader in geographic information system (GIS) software, location intelligence, and mapping. Since 1969, we have supported customers with geographic science and geospatial analytics, what we call The Science of Where. We take a geographic approach to problem-solving, - [Africa Business Convention (ABC) Annual Meeting 2025](https://africabusinessconvention.com/event-detail/africa-business-convention-abc-annual-meeting-2025/) - ABC is designed for Business growth and development in Africa. This means that ABC is not just the melting pot for all forms, sizes and aspirations of all African businesses, but designed to support their growth, scale up and development. ABC will do this through providing a platform for capital raising, strategy and knowledge sharing, - [Special Meeting on Nigeria's Capital Market 2024](https://africabusinessconvention.com/event-detail/special-meeting-on-nigerias-capital-market-2024/) - Registration is FREE. In-person only attendance. Keynote Speaker: Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC). ## Categories - [Features](https://africabusinessconvention.com/category/features/)