The African Development Bank (www.AfDB.org) and the International Organization for Migration (IOM) released a joint report designed to support practitioners and decision makers to turn migration into a force for development in Africa.

The report, Diaspora Engagement, Climate-Induced Migration and Skills Mobility: A Focus on Africa (https://apo-opa.co/3VE4Zd0) examines the impact of migration on human development and poverty reduction. It provides insights to leverage the potential of the African diaspora, build climate resilience, and harness skills mobility to drive Africa’s development trajectory.

Key findings of the report show that:

Diaspora engagement is key in mitigating the impact of the “brain drain” and facilitates the flow of skills and knowledge from different parts of the world to the African continent, and vice versa.
African diaspora communities are key in addressing climate-related issues ranging from sudden onset challenges to adaptation and disaster risk reduction when their technical expertise is leveraged, and skills mobility facilitated.
Partnerships and collaboration remain crucial to mainstream diaspora engagement into the policy and programmatic responses to climate change and skills mobility at the national, regional, and continental levels.

The findings are a result of a two-year long collaboration between both organizations, as well as members of the Multilateral Development Bank Platform on Economic Migration and Forced Displacement (EMFD).

An excerpt from the preface signed by Dr. Akinwumi A. Adesina, African Development Bank Group President and António Vitorino, former Director General, International Organization for Migration, notes: “The study meticulously illustrates that when well-managed, migration can be a powerful impetus for human development and poverty reduction. It can foster sustainable and equitable economies by introducing innovation, skills, knowledge, and remittances between the countries of origin and destination.”

Access the report here (https://apo-opa.co/4at1TN8).

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

For more information please contact:
African Development Bank:
Amba Mpoke-Bigg
Communication and External Relations Department
email: a.mpoke-bigg@afdb.org

Technical contact:
Linguère Mbaye
email: l.mbaye@afdb.org

IOM (Dakar):
Naomi Shiferaw
email: snaomi@iom.int

Paul Eardley-Taylor – responsible for Standard Bank’s oil and gas sector coverage activities in Southern Africa – will speak at the upcoming Invest in African Energy (IAE) 2024 forum in Paris.

As Africa’s largest lender by assets, Standard Bank plays a critical role in financing Africa’s capital-intensive energy projects, featuring a balanced portfolio across oil and gas, power generation, renewable energy and mining sectors. The bank contributed $485 million to the financing of TotalEnergies’ $15-billion Mozambique LNG facility, set to generate billions in LNG export revenues for the local economy and up to 10,000 direct jobs by 2025. In Uganda, Standard Bank is currently evaluating the decision to invest $120 million in the East African Crude Oil Pipeline, which could transform the country by bringing its 1.4 billion barrels of economically recoverable reserves to market.

Organized by Energy Capital&Power, IAE 2024 (https://apo-opa.co/49krKXM) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 14-15, 2024 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Standard Bank is also one of the largest investors in Africa’s green energy. Last October, the bank announced plans to launch a $1-billion green energy fund and is on track to exceed its 2026 target of providing between R250-R300 billion to support Africa’s energy transition, having already mobilized R105 billion since 2022. In addition, Standard Bank has expressed interest in accelerating investment in the Democratic Republic of the Congo and Zambia – two of Africa’s fastest-growing mining markets – with a view to facilitating the extraction and development of transition minerals.

Distributed by APO Group on behalf of Energy Capital&Power.

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org/), the Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is co-organising the IsDB Group Private Sector Forum as a side event at the 49th Annual Meetings of the Board of Governors of the IsDB on 27-30 April 2024 in Riyadh, Saudi Arabia. 

The theme of the High Level Panel Discussion (HLPD), which will be held from 11:15 am to 12:15 pm on 29th April at the InterContinintal in Riyadh, is “Gateway to Growth: Saudi Investments as a Catalyst for Development in ICIEC Member States”.

The HLPD will highlight the significant role of Saudi investments in driving economic development across ICIEC Member States, aligning with the national development agendas of these countries. It will also focus on fostering collaboration between Saudi investment bodies and ICIEC Member Countries, addressing emerging geopolitical risks, and exploring new markets and sectors for Saudi investors within ICIEC Member States.

The event will feature high level keynote speeches, panel discussions, and networking opportunities, bringing together key stakeholders including ministries and government officials, Saudi investors, international and regional organizations, multilateral and financial institutions, private equities, venture capitalists, and technology companies.

To secure your participation at these prestigious events, please register now via the link below: https://IsDBg-psf.org/

Mr. Oussama Kaissi, CEO of ICIEC, stating,”This HLPD underscores the paramount importance of forging strategic partnerships to propel sustainable development within ICIEC Member Countries. We eagerly anticipate engaging in insightful discussions and fostering collaborations that will not only drive economic growth but also pave the way for prosperity in the region.”

Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

Media Contact:
Rania Binhimd
Communication Department
Email: Rbinhimd@isdb.org

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About The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC):
ICIEC commenced operations in 1994 to strengthen economic relations between OIC Member States and promote intra-OIC trade and investments by providing risk mitigation tools and financial solutions. The Corporation is uniquely the only Islamic multilateral insurer in the world. It has led from the front in delivering a comprehensive suite of solutions to companies and parties in its 49 Member States. ICIEC, for the 16th consecutive year, maintained an “Aa3” insurance financial strength credit rating from Moody’s, ranking the Corporation among the top of the Credit and Political Risk Insurance (CPRI) Industry. ICIEC’s resilience is underpinned by its sound underwriting, reinsurance, and risk management policies. Cumulatively, ICIEC has insured more than US$ 108bn in trade and investment. ICIEC activities are directed to specific sectors – energy, manufacturing, infrastructure, healthcare, and agriculture.

For more information, visit: https://ICIEC.IsDB.org/   

Radisson Hotel Group (https://www.RadissonHotels.com) has set a goal of expanding its current portfolio of 11 hotels in operation and under development in Morocco to 25 hotels by 2030. As Morocco continues to be a crucial market for development, the Group is accelerating its expansion in the country and has therefore extended the portfolio of Erwan Garnier, Senior Director for Development, to include Morocco.

Defining Radisson Hotel Group’s expansion strategy for Morocco, Erwan Garnier, Senior Director, Development, Africa at Radisson Hotel Group said, “I am delighted to lead our expansion efforts in Morocco and take them to new heights. Leveraging our success in the country thus far, our expansion strategy will concentrate on targeting the major cities in Morocco.”

“Our focus will be on strengthening our presence in Casablanca and Marrakech, where we currently operate the conveniently located Radisson Blu Hotel, Casablanca City Center (https://apo-opa.co/4cIPoPR) and the highly acclaimed Radisson Blu Hotel, Marrakech Carré Eden (https://apo-opa.co/4cs7JjP). Additionally, we plan to establish our presence in the key cities of Rabat, Tangier, Agadir, and Fez. In light of Radisson Hotel Group’s strategic 5-year plan and the 2030 FIFA World Cup in Morocco, we have identified significant potential within these cities to establish a diverse portfolio consisting of ideally located business hotels, efficient serviced apartments, premium mixed-use projects, and expanding our portfolio of exceptional resorts. The introduction of the Radisson (https://apo-opa.co/3SkREDo) brand with the imminent opening of the Radisson Hotel Casablanca Gauthier La Citadelle (https://apo-opa.co/3ToAJ36) in the vibrant Gauthier district of Casablanca, marks a notable development. This new establishment will be the flagship of the Radisson brand in Morocco, marking the entry of a new brand for the group in the country and underlining our commitment to quality and diversified expansion.”

Erwan has been an integral part of Radisson Hotel Group since joining nine years ago, achieving numerous development milestones. He has played an active role in expanding the Group’s African portfolio, particularly in Francophone and Lusophone countries, Indian Ocean islands, and more recently in West and Central Africa.

In 2023, the Radisson Hotel Group maintained its expansion momentum in Africa with eight new hotel signings, adding more than 1,600 rooms to its already robust portfolio on the continent. With this progress, the Group is well on track to achieving its objective of reaching 150 hotels in Africa over the next five years, up from its current count of 100 hotels.

Furthermore, over the past three years, Radisson Hotel Group has emerged as the fastest-growing hotel group in Africa, with 20 hotel openings across the continent. This remarkable achievement has set a record for the Group in terms of the realization of its pipeline into openings and has resulted in an impressive 15 percent annual growth on its African portfolio.

Distributed by APO Group on behalf of Radisson Hotel Group.

Media Contacts: 
Saadiyah Hendricks 
Area Director PR&Social Media
Middle East, Africa and Mediterranean
saadiyah.hendricks@radissonhotels.com

BUSINESS DEVELOPMENT CONTACTS:
Erwan Garnier
Senior Director, Development, Africa
erwan.garnier@radissonhotels.com

Connect with Radisson Hotels on:
LinkedIn: https://apo-opa.info/3xoxlLd
Instagram: https://apo-opa.info/40Yykz4
Twitter: https://apo-opa.info/3YyivgX
Facebook: https://apo-opa.info/3JrvtXH
YouTube: https://apo-opa.info/3XxZrhu

About Radisson Hotel Group:
Radisson Hotel Group is an international hotel group, operating in EMEA and APAC with over 1,320 hotels in operation and under development in +90 countries. The international hotel group is rapidly expanding with a plan to significantly grow the portfolio. The Group’s overarching brand promise is Every Moment Matters with a signature Yes I Can! service ethos.

The Radisson family of brands portfolio includes Radisson Collection, art’otel, Radisson Blu, Radisson, Radisson RED, Radisson Individuals, Park Plaza, Park Inn by Radisson, Country Inn&Suites by Radisson, and prizeotel brought together under one commercial umbrella brand Radisson Hotels.

Radisson Rewards (https://apo-opa.co/48eby8X) is Radisson Hotel Group’s loyalty program, which delivers an elevated experience that makes Every Moment Matter. As the most streamlined program in the sector, members enjoy exceptional advantages and can access their benefits from day one across a wide range of hotels in Europe, Middle East, Africa, and Asia Pacific.

Radisson Meetings (https://apo-opa.co/49xBHAD) provides tailored solutions for any event or meeting, including hybrid solutions placing guests and their needs at the heart of its offer. Radisson Meetings is built around three strong service commitments: Personal, Professional and Memorable while delivering on the brilliant basics and being uniquely 100% Carbon Neutral.

At Radisson Hotel Group we care for people, communities and planet (https://apo-opa.co/3SC295s) and aim to be Net Zero by 2050 based on the approved near-term Science Based Targets. With unique solutions such as 100% carbon neutral Radisson Meetings, we make sustainable hotel stays easy. To facilitate sustainable travel choices, all our hotels are becoming verified on Hotel Sustainability Basics.

The health and safety of guests and team members remain a top priority for Radisson Hotel Group. All properties across the Group’s portfolio are subject to health and safety requirements, ensuring we always care for our guests and team members. For more information, visit our corporate website (https://apo-opa.co/42k6te0).

For more information, visit our corporate website (https://apo-opa.co/42k6te0).