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TNPA appointed Zutari for implementation plan for the Port of Durban

Location: News

TNPA appointed Zutari for implementation plan for the Port of Durban

The Transnet National Ports Authority (TNPA) has appointed Zutari, a leading infrastructure and advisory firm, as the transaction advisor to validate the Island View Precinct Strategy and implementation plan for the Port of Durban. 

This appointment is a pivotal move aimed at transforming the liquid bulk sector in South Africa while ensuring security of supply.

“The Island View Strategy, originally approved in 2019, is set to undergo a comprehensive revision to ensure it remains relevant in today’s rapidly evolving landscape. 

“Zutari’s role will be to analyse current market trends, review existing strategies and develop a revised comprehensive plan aimed at enhancing the sector's sustainability and operational efficiency. This initiative aligns with TNPA's commitment to implementing global best practices,” it said in a statement.

The Port of Durban’s Island View precinct is a South African national key point, managing approximately 74% of South Africa's liquid bulk imports. 

With 12 terminal operators over a 1 545 000 m² area, it handles a variety of products, including petroleum, chemicals and agricultural goods. As part of the country’s transition to sustainable energy, the port will also facilitate the handling of liquefied petroleum gas (LPG) and other cleaner energy sources.

Zutari’s role includes ensuring that the strategy benefits both TNPA and the liquid bulk industry while safeguarding supply chain integrity, especially in this major petrochemical hub. 

TNPA is committed to ensuring security of supply, improved terminal operational efficiencies, operational continuity, risk management and job preservation with the precinct supporting nearly 2 000 direct and indirect jobs as of 2022.

Mpumi Dweba-Kwetana, Acting TNPA Managing Executive for the Eastern Region, said the Island View Strategy aims to accelerate transformation, ensure a reliable supply of liquid bulk commodities, and increase throughput efficiency. 

“The appointment of Zutari is a significant milestone towards achieving these goals. Our collaborative engagement with stakeholders, including Fuels Industry Association of South Africa (formerly known as SAPIA), the National Energy Regulator of South Africa (NERSA), the Chemical and Allied Industries’ Association (CAIA), and terminal operators, has been crucial in building confidence and identifying areas for cooperation in safeguarding the liquid bulk sector,” said Dweba-Kwetana. 

Transnet National Ports Authority is responsible for the safe, effective, and efficient economic functioning of the national port system, which it manages in a landlord capacity. It provides port infrastructure and marine services at the eight commercial seaports in South Africa – Richards Bay, Durban, Saldanha, Cape Town, Port Elizabeth, East London, Mossel Bay and Ngqura. 

It operates within a legislative and regulatory environment and is governed by the National Ports Act (Act No. 12 of 2005). 

For more information visit www.transnetnationalportsauthority.net – SAnews.gov.za

Edwin
Mon, 11/11/2024 - 10:43

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Statement by the Chairperson of the Portfolio Committee on Communications and Digital Technologies on the Withdrawal of the SABC Bill by Minister Malatsi

Location: News

Republic of South Africa: The Parliament
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The Chairperson of the Portfolio Committee on Communications and Digital Technologies, Ms Khusela Sangoni Diko, has noted with grave concern the decision of the Minister of Communication and Digital Technologies, Mr Solly Malatsi, to withdraw the South African Broadcasting (SABC) Bill from Parliament, as reported in the Sunday Times today, 10 November 2024. The Portfolio Committee has not yet been formally notified of the withdrawal of the proposed legislation in line with the Rules of the National Assembly.

Nonetheless, the report states that the minister has decided to withdraw the Bill, believing it is “totally flawed”, does not address the funding model of the public broadcaster and assigns too much power to the minister in appointing board members. While appreciative of the fact that as the executive authority, the minister may rescind the Bill for whatever reason before its second reading in the House, the Chairperson holds that this decision by the minister would be highly ill-advised, and it is no exaggeration to say it would sound the death knell for the South African Broadcasting Corporation.

The challenges facing the SABC require a considered and urgent response, not trigger-happy action, which serves no purpose but to frustrate and disrupt processes already underway. To withdraw the Bill at this stage means to delay the implementation of crucial reforms necessary to save yet another crucial and strategic public institution. Initiated by the government in 2018 and only introduced to Parliament in October 2023, the SABC Bill seeks to, among others, provide for the continued existence of the SABC, provide for its governance and consequently amend the Independent Communications Authority of South Africa (ICASA) Act and the Electronic Communications Act (ECA). To date, the Bill has undergone a thorough public participation process, with the sixth Parliament having received about twenty written submissions from the SABC itself, academia, youth representatives, organised labour, and other interested parties. The 7th Parliament, understanding the urgent challenges facing the public broadcaster, prioritised this critical legislation and held oral hearings into the submissions in September 2024. The committee diligently studied and interrogated these submissions, and all concerns raised by stakeholders were attended to. The Department of Communications and Digital Technologies (DCDT), which the minister leads, was expected to have responded to the issues raised during the public participation process by the 17th of October 2024.

This process underway and agreed to by the committee and in the Minister's presence would have provided the committee with a clear way forward to amend the Bill as provided for in the Rules of Parliament and subvert any unnecessary delays in the processing of this sorely needed legislation. The Chairperson remains convinced that the issues raised by civil society, including the Democratic Alliance, relating to a lack of clarity on the funding model of the public mandate of the SABC, time limits on the President on the appointment of the SABC Board, the creation of a subsidiary Commercial Company and Board and the potential “lack of independence” in the appointment of the subsidiary Commercial Company, were not insurmountable and could have been remedied through an amendment by the committee. Rule 286 of the National Assembly Rules explicitly confers authority on parliamentary committees to amend or, where necessary, redraft bills before them. Thus, the Chairperson strongly believes that an attempt to withdraw this Bill from Parliament will delay and derail the transformative and developmental interventions the government has been pursuing in state institutions.

Ms Diko said that the committee has been at pains to put in place a fast-tracked process to finalise the SABC Bill, the absence of which has created a serious legislative vacuum that has dire consequences. “To this end, the government and even the committee itself had initiated various engagements with stakeholders on the possible funding model for the public mandate of the SABC – the most substantive and urgent of the concerns raised against the Bill.” Another of the major concerns coming from the public participation process was the need for the speedy finalisation of the Audio and Audio-Visual White Paper, and Ms Diko would like to urge the Minister to prioritise the finalisation of the White Paper before canning a process underway as this has a bearing on the amendment of the Bill.

She further said that the public broadcaster could not be allowed to fail because its demise would spell unmitigated disaster also for SENTECH, the country's signal distributor, with a ripple effect to over 130 community radio stations, several private broadcasters including commercial radio and TV stations and ICT service providers. Ultimately, the most affected stakeholders would be communities across the country, which rely on public broadcasters to provide them with news and public information that impacts their lives and is delivered in all official languages, including sign language. It is undisputed that SABC is the only broadcaster with the capacity, reach and ability to deliver on this important mandate.

Ms Diko commends the SABC leadership and staff for the immense strides recorded over the last two years, saying that they are a testament to the dedication and patriotism of the hardworking men and women of the public broadcaster, who, despite enormous pressure and financial constraints, were resolute that the show would go on. In the 2023/24 financial year, the SABC has turned the corner on its financial management, achieving an unqualified audit opinion once again after nine years.

“Should the reports of the minister's decision to withdraw the Bill be true and due to the gravity of the situation at the public broadcaster, we urge the DCDT to accelerate the process of reworking the Bill and reintroduce a new version to Parliament within the current financial year. In the meantime, the committee will invite the minister to indicate how, in the interim, the financial situation at the public broadcaster shall be improved to ensure sustainability until this much-needed legislation is amended and the issues attendant to it are resolved. Failure to reintroduce the Bill timeously will leave individual members of the committee or the committee itself with no option but to entertain introducing a committee or Private Members' Bill in the best interest of the SABC for consideration by Parliament,” said Ms Diko.

Distributed by APO Group on behalf of Republic of South Africa: The Parliament.

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COP29 expected finalise financing model for developing economies

Location: News

COP29 expected finalise financing model for developing economies

With the United Nations Framework Convention on Climate Change (COP29) taking place this week, South Africa expects the COP29 Presidency to enhance efforts to finalise the New Collective Quantified Goal on Finance (NCQG), which is a matter of great importance for developing economies.

“As I have said before, the current financing mechanisms have proven insufficient in scale and effectiveness, highlighting the urgency for a new financing model,” Minister of Forestry, Fisheries and the Environment Dr Dion George said on Sunday.

The Minister expressed confidence in the South African delegation who will be participating in the COP29 as they departed to attend the conference.

COP29 kicks off on Monday, 11 November and will conclude on Friday, 22 November in Baku, in Azerbaijan.

George will join the South African team in Baku as head of the delegation this week.

READ | SA prepares for UNFCCC COP29

COP29 is expected to focus on intensifying efforts to quantify resources for developing countries to meet ambitious climate targets under this year’s theme of “In Solidarity for a Green World.”

The climate change conference takes place at a critical moment of intensifying geopolitical tensions, heightened trade protectionist measures, and divisive approaches on issues such as carbon border adjustments.

COP29 is expected to build on strong leadership and outcomes from Dubai COP28.

The incoming COP29 Presidency has set ambitious priorities and the two-day summit at the start of the conference will get proceedings underway, by bringing together global leaders to raise awareness and accelerate climate action.

“Another key issue for South Africa and other developing economy countries is the adoption of Article 6.4 rules that will allow the immediate implementation of carbon market measures and unlocking new projects that contribute to economic growth, decarbonization of value chains and job creation.

“By establishing transparent and robust mechanisms under Article 6, we can enable countries to work together more effectively,” the Minister said.

George will be co-chairing discussions on mitigation together with his Norwegian counterpart and in their consultations, the Ministerial Pair will be engaging with parties and all negotiating groups to conduct informal consultations on concrete issues related to overcoming barriers and complexities in implementing countries’ Nationally Determined Contributions (NDC) as well as the necessary means of implementation to achieve the 1.5-degree goal and net-zero decarbonisation in 2050.

The NDC cover adaptation, mitigation as well as finance and investment requirements and is based on equity.

George, and his counterpart from Norway, Minister of Climate and Environment Tore Onshuus Sandvik, have been appointed to steer informal consultations on mitigation before and during the COP29.

The Ministerial Pair was appointed by COP29 President-designate and Minister of Ecology and Natural Resources in the Republic of Azerbaijan, Mukhtar Babayev.

READ | SA, Norway Ministers to drive talks on climate change mitigation

“I have full confidence in our negotiating team, and I encourage all South Africans to follow proceedings on all online platforms. I look forward to joining the team shortly,” George said.
Once again, South Africa will be hosting a South African exhibition pavilion at the climate change talks in partnership with the National Business Initiative (NBI).

During the conference a number of dialogues and side events are to be hosted at the Pavilion to showcase the work being done by various South African organisations to raise awareness, adapt to, and mitigate, climate change. -SAnews.gov.za
 

nosihle
Mon, 11/11/2024 - 09:23

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SANPC Launches Global Investor Roadshow

Location: News
African Energy Chamber

The newly-sanctioned South African National Petroleum Company (SANPC) kicked off its global investor roadshow at African Energy Week: Invest in African Energies on Thursday, inviting investors and governments to engage with South Africa's oil and gas prospects, while showcasing strategic plans for the new entity.

Speaking on the rationale behind the creation of the SANPC, South Africa's Minister of Mineral and Petroleum Resources, Gwede Mantashe, emphasized the need to rationalize and consolidate the country's many state-owned enterprises. The aim is to maximize efficiencies, streamline the sector, reduce costs and prioritize petroleum development as a catalyst for economic growth.

“The focus is to drive economic growth and development. We want it to grow – we want to get into fossil fuels. We must do it. [We want to] improve operational efficiencies, scale of market and market share,” said Minister Mantashe.

The SANPC operates under a broad mandate to acquire, generate, manufacture, market and distribute all forms of energy, including crude oil, natural gas, coal, renewable energy and biofuels. South Africa's extensive coal bed methane and shale gas resources were highlighted, including the gas-rich Karoo Basin and the Saldanha Bay gas-to-power project. The country also benefits from deep-sea ports, robust infrastructure and a favorable regulatory framework, with the potential to create synergies with nearby oil and gas producers such as Mozambique and Angola.

“We need to start thinking as a region instead of as countries,” said Godfrey Moagi, CEO of SANPC.

South Africa's refining capabilities were also emphasized as a critical priority, with enhancing the country's liquid fuels security identified as a matter of national security and strategic interest. The SANPC stated that in 2024, South Africa is expected to import 70% of its manufactured liquid fuel needs.

“This has put the country at risk, and we are dealing with issues of security of supply. We need to prioritize commercial sustainability for the entire CEF Group to drive economic recovery,” said Moagi. “In South Africa, we import $2.5 billion of crude oil and products. The SANPC is going to change this, so that South Africa looks differently.”

“[Reviving] refining capacity reduces the risk on petroleum supply. We must cushion it with our own refining capacity,” said Minister Mantashe.

Following its formation in 2024, the SANPC will enter its second phase of operationalization in 2025, which includes forming strategic partnerships and alliances, operationalizing its assets, and optimizing its business and service model. Starting in 2026, the company plans to enter its growth phase, deploying an integrated “New Energy” growth strategy, developing and optimizing assets, expanding its portfolio, diversifying revenue streams and advancing its technology and innovation strategy.

The SANPC will host a series of upcoming roadshows spanning Africa, Europe and the Middle East, organized by Energy Capital & Power.

Distributed by APO Group on behalf of African Energy Chamber.

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Lebombo border open for cargo

Location: News

Lebombo border open for cargo

The Border Management Authority (BMA) has announced that cargo operations at the Lebombo Border Post have resumed following a closure of the port last week.

The border post was closed following protests owing to political tensions in Mozambique, which have culminated in reports of vehicles being burnt on the Mozambican side of the border.

BMA Commissioner, Dr Michael Masiapato, said this will clear the path for a full reopening of that port.

“We are pleased to announce that the Mozambican systems have been restored, with processing activities resuming at the KM 4 checkpoint on the Mozambican side. 

“This development paves the way for the full reopening of the port and enables the BMA and SARS teams to work diligently in clearing the current cargo backlog,” he said.

The BMA said in a statement that it is working in partnership with the South African Revenue Service (SARS) to clear the cargo backlog.

 “The port is now open for cargo movement after the Mozambican authorities managed to address challenges with their systems to facilitate processing through the Ressano Garcia port of entry into Mozambique. 

“The initial reopening of the port was to manage the movement of persons but this morning, the Mozambican authorities worked tirelessly to address cargo systems for smooth border processing,” the BMA said.

Travelers have been warned to “remain cautious and stay informed of travel updates when planning trips to Mozambique”. 

“The BMA and SARS will continue to monitor the situation closely, ensuring smooth and secure port of entry operations for the benefit of all South African citizens and the broader trade community,” the BMA said. – SAnews.gov.za

NeoB
Sun, 11/10/2024 - 09:17

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Shale Gas Is Back on the South Africa Menu, Says Mantashe

Location: News
African Energy Chamber

South Africa's Minister of Mineral and Petroleum Resources Gwede Mantashe on Thursday reiterated that the country was committed to developing its oil and gas sector, despite external pressures to transition to a greener economy.

Speaking at African Energy Week: Invest in African Energies 2024, in Cape Town, Mantashe noted that with President Cyril Ramaphosa assenting to the Upstream Petroleum Resources Development Bill, which seeks to accelerate petroleum exploration and development and includes provisions to address unconventional gases like shale gas, South Africa was well on its way to become a competitor in the international oil and gas space.

“While we are getting pinned down not to take these steps, we needed to [explore oil and gas], lift the moratorium on shale gas, as we are still a developing economy. Whether we lifted the moratorium or not, critics would always be there. Gas is described as a transitional technology . . . and is part of the green transition,” he stated.

Earlier this year, Mantashe invited written comments on his intention to investigate the Karoo Basin through large-scale land seismic and airborne surveys to explore for oil and gas that may lie below the ground. The surveys aim to assess geological risks and examine whether there are enough resources to justify extraction.

“[These projects] will improve our gross domestic product by 8%,” he said, noting that across the border in Namibia and Mozambique there have already been significant economic turnarounds with the discovery and development of oil and gas.

Meanwhile, Mantashe emphasized the need to balance economic development with climate change initiatives. “Development and environmental stewardship must coexist . . . and we must responsibly manage natural resources. Mine responsibly, drill responsibly, protect the climate, indigenous plants and land, but don't stop developing. If you stop that, you will have consequences further down the line,” he noted.

Mantashe further noted that he did not expect to see South Africa move away from coal-fired power stations by 2030. “Not in my lifetime,” he said, adding that the country can transition into new technologies, but it should “never dismantle old technologies. I am a great believer of mixed technologies [and with coal we have] a very strong base load technology.”

Distributed by APO Group on behalf of African Energy Chamber.

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Police Minister, SAPS officials attend Interpol General Assembly

Location: News

Police Minister, SAPS officials attend Interpol General Assembly

Police Minister Senzo Mchunu, together with high ranking South African Police Service (SAPS) members, has attended the International Criminal Police Organisation (INTERPOL) Annual General Assembly hosted in Glasgow, Scotland.

The general assembly was held last week and South Africa’s delegation included the Head of the Directorate for Priority Crime Investigations (the Hawks), Lieutenant General Godfrey Lebeya; Deputy National Commissioner for Policing, Lieutenant General Tebello Mosikili; Divisional Commissioner for Detective and Forensic Services, Lieutenant General Hilda Khosi Senthumule; the Minister’s special advisor, Advocate Vusi Pikoli; Head of Interpol NCB Pretoria, Brigadier Ntime Mokhine, and other senior officials.

According to a SAPS statement, the general assembly was a gathering of “chiefs of police and senior officials from around the world to collaborate and strengthen their efforts to combat transnational organised crime, cybercrime, counterfeit drug trafficking, as well as human trafficking”.

“The South African delegation engaged in bilateral discussions with their counterparts from various countries on the side-lines of the Interpol General Assembly. The bilateral meetings were aimed at strengthening cooperation and operational strategies in the shared responsibility of fighting against transnational crime.

“During the exchange with their counterparts, all parties acknowledged the significant challenges posed by narcotics trafficking, cybercrime and organised criminal networks, and outlined specific areas of collaboration to combat these threats, with a core focus of creating a safer and crime-free society,” SAPS said.

At the general assembly, Mchunu met with Brazilian Justice and Public Security Minister Enrique Ricardo Lewandowski and his Vice Minister Datony Xu.

“They discussed amongst, other things, the importance of real-time intelligence sharing in order to track and dismantle criminal networks across borders, as well the urgent need to bolster cybercrime units in the fight against cybercrime. 

“They also agreed to have joint training initiatives to build skills in areas such as cybersecurity, digital forensics and cyber intelligence,” the statement explained. – SAnews.gov.za

NeoB
Sun, 11/10/2024 - 12:53

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Local Manufacturing Key to Advancing Green Technologies

Location: News
African Energy Chamber

The African continent is developing promising green technologies to address energy access disparities and to foster economic growth. Its countries should take an active role in local sustainable energy solutions, rather than merely being consumers of these technologies.

At a dedicated panel session at African Energy Week: Invest in African Energies 2024, panelists emphasized the need for countries already producing oil and gas to utilize local energy resources for the purposes of enhancing value and meeting domestic needs, particularly for secluded and rural areas that do not have access to energy on the grid. They agreed that green technology and innovation could not be advanced without significant investments in local capacity, particularly in manufacturing and grid infrastructure.

Moderated by S&P Global Head of Energy Transition, Ashutosh Singh, panelists of the Advancing Green Technology and Innovation in Africa session further agreed that while renewable energy may not create immediate large-scale jobs, strategic planning by policymakers could lead to millions of new opportunities as the sector evolves.

James White, CEO of Comet Energy, highlighted that legislative barriers also exist in many African nations. In South Africa, for instance, larger solar installations connected to the grid need a generation license from National Energy Regulator of South Africa (NERSA). This, White believes, adds an additional layer of complexity and can deter potential investors or developers from pursuing solar projects.

Although recent amendments to policies have raised the threshold for embedded generation projects without a license to 100 MW, navigating these regulations still poses significant challenges, he noted. “We also need to look at developing local supply chains, which are needed to further drive down costs and improve accessibility to technologies,” he said.

Dennis Bauer, Senior Executive Energy Transition Advisor, Neuman & Esser discussed the potential of hydrogen as key to Africa's energy transition.

By 2035, more than 50 million tons per year of cost-competitive green hydrogen can be produced on the continent by blocks in Morocco, Egypt and South Africa. However, Bauer emphasized that localized supply chains are necessary to support these developments. “Developing local manufacturing capabilities for battery components and other technologies can significantly reduce costs and enhance sustainability,” he said.

The panel discussion also touched on advancements in solar technology, noting improvements in efficiency and flexibility that can facilitate deployment in remote areas.

CEO of South African National Energy Development Institute (SANEDI), Dr Zwanani Titus Mathe, stressed the importance of learning from successful models surrounding new green technologies, like China's investment in research and development (R&D).

“We need to establish centers of competence across Africa focused on R&D, manufacturing and skills development to position the continent as a leader in green technology. As African nations commit to investing in green innovation, collaboration among governments, businesses, and communities is also essential,” he said.

Director of International Relations at IFP Energies nouvelle (IFPEN), Dr Said Nachet, concluded that Africa has the potential to lead in green technology. “By harnessing local resources and fostering innovation, the continent can emerge as a hub for green technology and sustainable energy solutions,” he said.

Distributed by APO Group on behalf of African Energy Chamber.

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Africa’s Energy Infrastructure Can Only Succeed with Enhanced Transmission

Location: News
African Energy Chamber

As the demand for electricity continues to rise across the African continent, it is imperative for countries to act swiftly to enhance transmission capabilities and develop robust infrastructure to secure new energy integration sources over the next 25 years.

A recent report by consulting firm McKinsey & Company estimates that $400 billion will be required to enhance electricity transmission and distribution capacity across Africa by 2050. This investment is critical for modernizing energy infrastructure and ensuring energy security for the continent.

During a panel discussion titled ‘Optimizing Africa's Grid Capacity' at the African Energy Week: Invest in African Energies 2024 conference, Eskom's Transmission Group Executive, Segomoco Scheppers, highlighted the potential of the Electricity Regulation Amendment Act 38 of 2024 for South Africa and its neighboring countries.

This legislation will facilitate the establishment of a market operator in South Africa, creating opportunities for diverse players in the energy sector. “This shift signifies a transformative period in our industry as we adapt to new market dynamics,” he stated.

Despite having interconnections of 400 kV with neighboring countries, Scheppers acknowledged existing challenges. “Strengthening these connections is essential for enhancing regional cooperation and ensuring a reliable energy supply across borders. The reliance on thermal generation in the south, particularly to support countries like Zambia, underscores the need for stronger interconnections,” he explained.

Eskom is further embarking on an extensive domestic expansion program aimed at rapid development – an endeavor that also presents significant challenges. “Learning from global leaders in infrastructure development, particularly from experiences in China, could provide valuable insights into scaling our efforts efficiently,” Scheppers added.

Wang Wenan, Chief Representative, African Representative Office at the State Grid of China, discussed the successful completion of major projects, including the largest long-distance transmission project on the continent — a 500 kV DC line from Ethiopia to Kenya.

However, he noted that fostering private participation in energy projects remains a primary obstacle. “Engaging in dialogues about investment barriers and sharing best practices is crucial for unlocking potential growth in Africa's energy sector,” he emphasized.

Also speaking on the panel, Willy Ireri, Executive Director of Osprey Renewables, highlighted that while East Africa has abundant renewable resources such as wind, solar, and geothermal energy, access to reliable transmission infrastructure in this region also remained a critical challenge. “We are therefore committed to collaborate with state utilities and private investors to ensure that generated electricity reaches emerging green industries in the region,” he said.

With favorable legislation for private investment in transmission expected to be operational by 2025, Osprey Renewables aims to play a vital role in facilitating access to renewable energy for consumers.

“Our mandate at Osprey extends beyond generation; we actively engage across the entire value chain and we are seeing growing interest in green manufacturing and hybrid data centers,” Ireri added, noting that the Kenyan government has initiated proposals inviting independent transmission projects, signaling a positive shift toward increased private sector participation.

Power and Grid Segment President at Schneider Electric, Gary Lawrence, highlighted that a modernization of power grids was also needed. “The traditional grid was designed over a century ago for one-directional flow; today's needs require a bidirectional grid that allows seamless interaction between producers and consumer.”

The industry is balancing supply and demand effectively through initiatives such as collaborating with Egypt's Ministry of Electricity and Renewable Energy to develop distribution control centers that enhance grid intelligence and implementing distributed energy management systems in South Africa.

Distributed by APO Group on behalf of African Energy Chamber.

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Imbizo a “demonstration of GNU at work”

Location: News

Imbizo a "demonstration of GNU at work"

President Cyril Ramaphosa has hailed the KwaZulu-Natal District Development Model (DDM) Presidential Imbizo as a powerful example of the Government of National Unity (GNU) in action. 

The President underscored the collaborative efforts of various political leaders to address pressing community issues. 

Addressing community members at the Umnini Sportsfield in Umgababa, the President said the imbizo was a fairly productive session. 

“As I end, I think we have held a fairly productive imbizo session. Today has been a clear demonstration of how our Government of National Unity is also working. I have Ministers from our various political parties that are part of the GNU. 

“I would like to thank them all and I want all the parties in the GNU to see the value of izimbizo. They are important because they enable us to interact with our people and hear their views, and answer their questions and at the same time, follow up on their issues that they have raised,” the President said. 

The Presidential Imbizo is a platform for communities to interact with government leaders from all three spheres of government on service delivery challenges, and for the executive to respond to the community on what they are doing to resolve those issues. 

Community members gathered at the Umnini Sportsfield raised issues such as crime, unemployment, the rising cost of living and matters concerning education. 

The South African Democratic Teachers Union asked President Ramaphosa to intervene on the issue of safety and security at KwaZulu-Natal schools, highlighting previous incidents where teachers were attacked, shot and killed at schools.

Before the Ministers took to the podium to respond to the above issues, President Ramaphosa apologised for the delayed start due to technical issues, stressing the need for better preparedness at such events.

Ministers in the GNU accompanying the President responded to the issues respectively and promised residents that they will follow up and provide solutions. 

Turning to the City of eThekwini municipality, the President also spoke about plans to rejuvenate Durban’s tourism sector, which has historically made the city the "holiday mecca" of South Africa. 

With tourism numbers currently in decline, President Ramaphosa expressed optimism for a revival through the planned reopening of key hotels like the Hilton and lease renewals for iconic establishments such as the Maharani and Elangeni.

“Durban has been the holiday mecca of our country. Many people from all over the country have always considered Durban when they needed to go on a holiday. 

“Tourisms in the province has gone down but the mayor has plans to revive big hotels such as the Hilton Hotel and the renewal of leases by Southern Sun of the Maharani and Elangeni Hotel.

“The business sector has pledged to invest billions of rands to revive tourism, so I am looking forward to the revival of tourism so that Durban can go back to being the jewel of South African tourism. It must once again become the mecca of tourism in SA,” the President said. 

Tourism Minister Patricia De Lille said that her department is working hard to rebuild the tourism sector in the province. 

“Tourism is a very important sector for this province. It is making a significant contribution to the GDP and economic growth of the province. The tourism sector has gone down in KZN, but we are working hard with the Presidential Task Team and the private sector to rebuild it.” 

The Minister said that she has already agreed with the KZN Premier that they will be meeting as a matter of urgency so they can see how they can work together with the plans of the province to do an aggressive marketing campaign to deal with all the negative perceptions around the province. 

“For the summer season, the department partnered with the private sector and already we have 440 private sector tourist attractions that are offering discounted deals for the summer season and I want to encourage all South Africans to look at the Shot left site and check the discounts,” de Lille said.

The President also drew attention to ongoing infrastructure challenges, particularly highlighting the partial collapse of a bridge on the N2 highway, which has disrupted local transportation. 

He expressed confidence in South African engineers, who have devised a plan to restore the bridge, calling it a testament to the country’s engineering expertise. 

“In the morning, I went to the N2 bridge that partially collapsed. The bridge is causing a lot of inconvenience for the people, as it is an important road on the N2," the President said. - SAnews.gov.za

DikelediM
Fri, 11/08/2024 - 19:08

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Nyusi’s Commitment to Peaceful Transition Sets Example for Mozambique and Africa

Location: News

The Zimbabwe Advocate
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In a powerful demonstration of democratic integrity, Mozambique's President Filipe Nyusi has pledged to step down amid the country's ongoing political crisis, promising a peaceful transfer of power to President-elect Daniel Chapo. This commitment, a rare decision in a region where political transitions are often marked by strife, is a significant move for Mozambique and a message for African leaders facing similar pressures. Nyusi's actions, aimed at reinforcing democracy and stability, echo the sentiment expressed by U.S. Vice President Kamala Harris following a contentious election, emphasizing the critical role of peaceful transitions in sustaining democracy.

Nyusi's decision comes at a crucial time. Mozambique's recent election has been fraught with accusations of voter intimidation, ballot inconsistencies, and alleged interference, which have fueled unrest and raised doubts about the credibility of the electoral process. Opposition protests have erupted in response, with clashes breaking out between demonstrators and security forces. As the situation escalates, Nyusi's decision to step down offers the possibility of restoring public trust in Mozambique's democratic institutions, demonstrating that democratic principles can prevail even under intense political scrutiny.

The gravity of this moment in Mozambique's political journey cannot be understated. Historically, African leaders have often clung to power by altering constitutions or manipulating elections, leading to stagnation and, in some cases, internal conflict. The aftermath of prolonged political battles can be devastating, as seen in Zimbabwe and Côte d'Ivoire, where contested elections led to violence and economic hardship. By pledging to transfer power peacefully, Nyusi breaks from this pattern, underscoring a culture of governance that values institutional integrity, stability, and public trust over personal ambition.

This pledge aligns with Mozambique's recent strides toward democratic reform and economic restructuring. Over the past few years, the country has made notable progress in building a foundation for growth by increasing transparency and establishing frameworks for development. Yet, these gains hinge on political stability, and Nyusi's peaceful transfer of power is critical in sustaining these reforms. By ensuring continuity, he allows President-elect Chapo to inherit a stable environment to address the pressing economic and social issues that face the nation. Economic disparity, insurgency in the north, and internal divisions will require focused attention, which would be difficult to achieve in an atmosphere of continued political conflict.

Nyusi's move is also pivotal for regional stability. Mozambique's role in southern Africa makes its stability critical for neighboring countries. Political instability in Mozambique risks not only stalling its own progress but also destabilizing the broader region. In southern Africa, where democratic challenges are ongoing in countries such as Zimbabwe and South Africa, Nyusi's decision sets a powerful precedent for peaceful power transitions, strengthening democratic norms that benefit the entire region. His choice demonstrates that a leader's commitment to the nation's future can eclipse personal political ambitions, offering an example that other leaders might follow to foster peace and democratic integrity in their own nations.

Yet, Nyusi's commitment to a peaceful transition does not come without its challenges. As opposition groups continue to contest the election outcome, clashes with security forces raise concerns about ongoing unrest. The Southern African Development Community (SADC) has called an emergency meeting to address the post-election turmoil, underscoring the potential risks to national and regional stability. While political accountability is central to democratic engagement, the opposition's continued protests pose the risk of prolonged instability. Precedent across Africa has shown that when political actors resist peaceful power transitions, it often leads to violent and economically devastating consequences. By supporting a calm transition, opposition leaders have an opportunity to contribute to the nation's stability and help Mozambique move forward.

The legacy Nyusi leaves is one rooted in democratic values, with his choice to step aside standing as a testament to his respect for Mozambique's future and for the rule of law. In a world where populism and authoritarianism are on the rise, Nyusi's actions serve as a reminder that leadership should prioritize the health of the nation over the ambitions of the individual. His decision may inspire future Mozambican leaders and those across the continent to uphold democratic values and approach governance as a service to the people. By respecting the limits of power, Nyusi sets an enduring standard for African leadership, reminding both current and future generations of the value of putting the nation's stability and democratic integrity above all else.

As Mozambique navigates this transition, it has a chance to model responsible governance and maintain the trajectory of democratic reform. Nyusi's actions have set Mozambique on a path that, if followed, could allow the nation to emerge from this period of uncertainty stronger, more united, and more stable. For Mozambique, for the region, and for Africa as a whole, Nyusi's decision holds lessons that underscore the power of leadership dedicated to the democratic process and the well-being of the nation over individual gain.

Distributed by APO Group on behalf of The Zimbabwe Advocate.

For Information and Commentary:
Adenike Adeodun,
Senior Editor
The Zimbabwe Advocate
+254781435462
news@zimadvocate.com

Read moreNyusi’s Commitment to Peaceful Transition Sets Example for Mozambique and Africa

Africa’s Mineral Wealth and Path to Economic Transformation Showcased at CMA 2024

Location: News
Energy Capital & Power

Africa's holds significant reserves of minerals critical for the global energy transition. The continent boasts roughly 30% of the world's mineral reserves, including immense deposits of cobalt, manganese, natural graphite, copper, nickel, lithium and iron ore.  

As such, this year's Critical Minerals Africa (CMA) 2024 Summit – held from November 6-7 in Cape Town – convened industry leaders, policymakers, service providers and investors to address the urgent demands of Africa's critical mineral value chain. The Summit featured a robust agenda that sought to shine a spotlight on opportunities for Africa to accelerate its mining sector while utilizing its natural resources to promote value addition and drive socioeconomic development. 

CMA 2024 featured a Ministerial Forum that included the participation of mining ministries from Eswatini, Malawi and Argentina, as well as representatives from Tanzania. High-level speakers during the forum showcased a number of projects aimed at maximizing mineral production while discussing how to leverage mineral resources to promote economic growth and sustainability. 

The Republic of Malawi's Minister of Mining Monica Chang'anamuno highlighted several ongoing projects in the country, such as the Kasongo Initiative, which aims to increase the production of rare earth metals, graphite and lithium resources. 

Meanwhile, Eswatini's Minister of Natural Resources and Energy Prince Lonkhokhela announced ambitious targets to raise to the contribution of the country's mining sector to its GDP. With aims to increase the share from 1% to 50% in the short- to medium-term, the strategy is supported by new surveys revealing commercial deposits of lithium, copper, cobalt and other base metals.  

To bolster investment in mid- and downstream infrastructure, the Summit also featured the participation the President of the Chamber of Mines of Zimbabwe Thomas Gono, who stated, “Historically, we exported raw materials, missing out on the potential benefits. With Africa's young workforce, we now have an opportunity to drive revenue and create jobs through skills development and local beneficiation.” 

With the participation of Tanzania's Chamber of Mines, it was announced that the country aims to expand exploration in critical mineral-rich basins from 16% to 50% as part of a strategic push into rare earths, lithium and tanzanite production. Meanwhile, Zambia's Chamber of Mines discussed ongoing strategies aimed at helping the country address logistics and energy deficit challenges in the mining sector. 

The Summit featured a panel discussion with high-level representatives from mining companies and development institutions including Pensana, the Africa Policy Research Institute and the U.S. Development Finance Corporation. The panel also featured the participation of Clifford Chance, Frost & Sullivan and Chatham House and explored how regional initiatives – such as the Lobito Corridor – have the potential to fast-track Africa's critical minerals market expansion.  

An Investment Forum held during the Summit showcased innovative financing measures to advance the flow of capital across the African market. The session featured representatives from finance institutions the World Bank, ABSA, Moshe Capital, the African Finance Corporation and ASAFO & Co. 

Additionally, midstream and downstream opportunities were showcased during a panel session that featured the participation of organizations such as Orion Minerals, AZ Arnaturen, Women in Green Hydrogen, Isondo Previous Metals and the Southern African – German Chamber of Commerce and Industry. The panel also featured representatives from Konrad Adenauer Stiftung, the SA-DRC Chamber of Commerce, the Curtin Institute for Energy Transition, the Electric Mobility Association of Kenya and the Congolese Battery Council. 

At CMA 2024, research firms including Rystad Energy, Moore Global and Project Blue presented insights on market trends in the global mining industry, while Tronic Metals, Tanzania's State Mining Corporation and South Sudan's state-owned Nilepet provided updates on their activities across the mining value chain. 

A Leaders Forum during the Summit featured the participation of international mining companies Glencore DRC and KoBold Metals as well as representatives from the University of Cape Town and the Minerals Council of South Africa. The forum showcased how governments across Africa can promote innovation in the continent's mining space to attract new investment and increase critical minerals production to drive socioeconomic and GDP growth.  

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

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Mining Ministers Present Critical Mineral Expansion Strategies at CMA

Location: News

Energy Capital & Power
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The second day of the Critical Minerals Africa (CMA) Summit began with a Ministerial Forum, where mining ministers from Eswatini, Malawi, Argentina and representatives from Tanzania highlighted initiatives to advance the mining sector.

HRH Prince Lonkhokhela, Minister of Natural Resources and Energy for the Kingdom of Eswatini, described mining as a foundational pillar of economic growth for the country.

“Our recent high-resolution aerial survey has indicated the presence of copper, nickel and cobalt in the western regions, along with lithium and tantalum in the south,” he stated.

Eswatini is developing a Critical Minerals Strategy in collaboration with the Commonwealth Group, slated for completion by mid-next year, according to the minister.

Lonkhokhela stated that Eswatini is revamping its regulations to align with neighboring nations such as Mozambique and South Africa, aiming for knowledge sharing, resource pooling and regional cooperation on value addition.

Monica Chang'anamuno, Minister of Mining for the Republic of Malawi, emphasized the need for Malawi and Africa to align with the global conversation on critical minerals and the energy transition to seize emerging opportunities.

Chang'anamuno highlighted Malawi's vision to diversify its agriculture-dependent economy through its Agriculture, Tourism and Mining Strategy, prioritizing critical minerals as a driver of growth.

Malawi currently has several rare earth and lithium projects, including the Kasongo rare earth project, which employs 1,200 people, with plans to engage up to 10,000 throughout its lifespan, according to the Minister.

Malawi also discovered one of the world's largest lithium deposits, in partnership with a Korean firm and Rio Tinto, the Minister told delegates at CMA. Additionally, the nation aims to double its energy production to 1,000 MW by next year, with 232 MW allocated to support mining operations.

Maria Alejandra Vlek, Minister of Economic and Commercial Section of Embassy of Argentina in South Africa, highlighted the country's significant lithium potential, holding 22% of global lithium resources, with 180 critical mineral projects currently underway.

She said the country is deploying some 50 lithium projects, including an $800 million lithium facility, and seeks to leverage expertise and investment from African mining countries such as South Africa.

Venace Mwasse, Director of Tanzania's State Mining Corporation, stated “We are aware of the need to reduce emissions through critical mineral production and are committed to ensuring this while benefiting our communities.”

He added that only 16% of Tanzania's land has been surveyed, with a target to reach 50% as part of the country's Vision 2030 Strategy.

Venace Mwasse, Director of Tanzania's State Mining Corporation, stated “We are aware of the need to reduce emissions through critical mineral production and are committed to ensuring this while benefiting our communities.”

He added that only 16% of Tanzania's land has been surveyed, with a target to reach 50% as part of the country's Vision 2030 Strategy.

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

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NBA Africa and AFD Launch Youth Development Program in Senegal

Location: Sport
National Basketball Association (NBA)

- The “Jr. NBA & AFD Basketball Experience” Will Feature Weekly Basketball and Life-Skills Sessions to Educate Senegalese Youth About the Importance of Physical and Mental Wellness -

- AFD and NBA Africa Unveil Two Refurbished Basketball Courts in Guediawaye, Senegal -

- Former NBA Player and 2015 FIBA AfroBasket Champion Olumide Oyedeji Attends Launch - 

NBA Africa (www.Africa.NBA.com) and Agence Française de Développement (AFD), France's public development bank institution committed to financing and technical assistance for projects that improve the lives of people in developing and emerging economies, yesterday launched the “Jr. NBA & AFD Basketball Experience” youth development program in Guediawaye, Senegal.

The Jr. NBA & AFD Basketball Experience, launched in 2021 in Nigeria and subsequently also held in Kenya and Morocco, uses basketball as a platform to promote social inclusion and youth empowerment amongst primary and secondary school children.  In Senegal, the program will be operated by nongovernmental organization (NGO) Sports for Education and Economic Development (SEED) Project and feature weekly basketball and life-skills sessions that will educate thousands of Senegalese boys and girls about the importance of physical and mental health, wellness and social cohesion.

As part of the program's launch in Senegal, NBA Africa and AFD unveiled two basketball courts at The Hamo 4.5.6. Courts in Guediawaye and held a clinic for 150 boys and girls ages 16 and under.  The launch was attended by AFD Senegal Country Director Mihoub Mezouaghi; Basketball Africa League (BAL) President Amadou Gallo Fall; NBA Africa Director of Basketball Operations Kita Matungulu; and former NBA player and 2015 FIBA AfroBasket champion Olumide Oyedeji.

“Aware of the potential of sport as a vector of social cohesion, AFD has made it a strategic axis of its action to support the achievement of the Sustainable Development Goals,” said Mezouaghi. “It is in this dynamic that our collaboration with the NBA is part of what aims to promote the practice of sport in Africa through the provision of local infrastructure, the professionalization of sports educators and the organization of sports sessions, and education for young people.”

“The collaboration between NBA Africa and AFD continues to grow as we extend this initiative to reach more young people in new countries on the continent,” said Matungulu.  “The Jr. NBA & AFD Basketball Experience reflects our commitment to investing in the next generation of African youth and our belief that basketball teaches life lessons like the importance of physical and mental wellness that help children succeed on the court and in life.”

The refurbished courts, part of NBA Africa's commitment to build 1,000 basketball courts in Africa over the next decade, are expected to benefit thousands of boys and girls from the surrounding communities.

The Jr. NBA & AFD Basketball Experience is part of AFD and NBA Africa's collaboration to support basketball infrastructure and youth development across the continent and builds on the program's previous editions in Morocco and Nigeria, and its recent launch in Kenya.  To date, the program has reached nearly 90,000 boys and girls ages 12-17 and 460 coaches and physical education teachers.

The Jr. NBA/Jr. WNBA, the league's global youth basketball participation program for boys and girls, teaches the fundamental skills as well as the core values of the game at the grassroots level in an effort to help grow and improve the youth basketball experience for players, coaches and parents.  Jr. NBA/Jr. WNBA programming has directly reached more than 250,000 youth across Africa this year.

Distributed by APO Group on behalf of National Basketball Association (NBA).

Contacts:
Chumani Bambani,
NBA Africa PR & Communications,
cbambani@nba.com,
+27 65 548 1031

Francine Pipien,
AFD Senegal,
pipienf.ext@afd.fr

About NBA Africa:
NBA Africa is an affiliate of the National Basketball Association (NBA), a global sports and media organization with the mission to inspire and connect people everywhere through the power of basketball. NBA Africa conducts the league's business in Africa, including the Basketball Africa League (BAL), and has opened subsidiary offices in Cairo, Egypt; Dakar, Senegal; Johannesburg, South Africa; Lagos, Nigeria; and Nairobi, Kenya.  The league's efforts on the continent have focused on increasing access to basketball and the NBA through youth and elite development, social responsibility, media distribution, corporate partnerships, NBA Africa Games, NBA Stores, the BAL, and more.

NBA games and programming are available in all 54 African countries, and the NBA has hosted three sold-out exhibition games on the continent since 2015. The BAL, a partnership between the International Basketball Federation (FIBA) and NBA Africa, is a professional league featuring 12 club teams from across Africa that concluded its fourth season in June 2024. Fans can follow @ NBA_Africa and @ theBAL on Facebook, Instagram, X and YouTube.

About AFD:
Agence Française de Développement (AFD) Group finances, supports and accelerates the transitions necessary for a more just and resilient world. It thus contributes to implementing France's policy on sustainable development and international solidarity. It is with and for communities that we build, with our partners, solutions in more than 160 countries, as well as in 11 French overseas departments and territories.

Our objective: to reconcile economic development with the preservation of common goods: the climate, biodiversity, peace, gender equality, education and health. Our teams are involved in more than 3,600 projects in the field, which are part of the commitment of France and the French people to fulfilling the Sustainable Development Goals. For a world in common.

AFD strongly believes in the power of sport as a lever to achieve the sustainable development goals. Since the launch of its sport for development strategy in 2019, AFD has invested more than €130 million in over 160 projects that use sport as a tool to promote access to education, gender equality, youth empowerment, health and social cohesion. In Senegal, the AFD group puts its entire range of financial instruments at the service of local economic and social development actors (state, public companies, private and financial sector, NGOs, etc.) to support an inclusive development model, creating jobs, promoter of sustainable infrastructure, and respectful of the environment.  Since 2012, 115 projects have been funded, representing a commitment of more than 2.2 billion euros.

AFD.fr

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Plans in place to temporarily repair the N2 Bridge ahead of festive season

Location: News

Plans in place to temporarily repair the N2 Bridge ahead of festive season

President Cyril Ramaphosa has inspected the damaged Ezimbokodweni River Bridge on the N2 in KwaZulu-Natal today, following the bridge’s partial collapse on Monday, forcing the closure of the southbound carriageway and a major traffic diversion.

The President did the inspection ahead of the District Development Model (DDM) Presidential Imbizo held at Umnini Sportsfield in Umgababa.

Transport Minister Barbara Creecy, who accompanied the President, announced that the Department of Transport, with the South African National Roads Agency (SANRAL), aims to temporarily repair the bridge, targeting a December reopening to accommodate the festive season rush.

“I am here with a team of SANRAL engineers, who have inspected the bridge, and we’ve agreed on a temporary repair that will reopen the bridge at the start of December,” Creecy told SAnews.

She said more extensive work would follow next year, explaining that a permanent stabilisation plan is essential to ensure long-term safety for road users.

“Next year, further work will be done. It is quite complicated engineering work that will be done to stabilise the bridge on a permanent basis so that it can then be safe for road users. 

“I am told by engineers that even when a solution is being put in place, we will not have another closure such as this one we are experiencing now. We will be able to work on this bridge installing a permanent solution with nighttime closures,” Creecy said. 

The Minister noted that the situation at the moment poses incredible discomfort on motorists. 

Highlighting the impact on motorists, Creecy noted that the situation is incredibly uncomfortable, as she was stuck in the traffic herself today, which underscores the urgency to provide a short-term solution, especially with heavy holiday traffic expected.

SANRAL CEO Reginald Demana explained to SAnews that initial inspections revealed structural damage to a support pillar, necessitating innovative temporary repairs on the aging bridge, which was built in 1964 using old technology. 

“We’re planning to use hydraulic jacks to realign the bridge deck temporarily, allowing traffic flow, while we implement a lasting solution by early next year,” Demana said.

Demana said that passenger vehicles are currently being rerouted via the R102, while heavy trucks are directed further south to avoid overloading the provincial road. Long-term repairs involving modern engineering will proceed with nighttime closures scheduled for February and March 2025 to minimise disruption to road users.  - SAnews.gov.za

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Fri, 11/08/2024 - 15:25

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KZN communities raise concerns at Presidential Imbizo

Location: News

KZN communities raise concerns at Presidential Imbizo

Crime, access to water and jobs have been raised as bugbears for communities in KwaZulu-Natal, the District Development Model (DDM) Presidential Imbizo heard on Friday.

Umlazi resident, Sizakele Mpanza, raised concern about the high crime rate in the area, appealing to the President to intervene.

“We are concerned about what is happening. We are living in fear… we can’t even send our children to the shops because we are afraid they will be robbed by these criminals,” Mpanza said.

Mpanza appealed for more police visibility in their community, as well as a satellite police station.

Mziwendoda Sikhakhane from Richards Bay told SAnews that if given a chance to speak to the President, he will ask the President to create more job opportunities, especially for young people.

“Our youth are roaming the streets doing nothing and yet they have qualifications. I am appealing to our government to create more job opportunities,” Sikhakhane said.

Sikhakhane also raised the provision of water as an important factor for communities.

“We are struggling in our community; we don’t have water. We struggle to get water, sometimes we go for days without water,” he said.

Sikhakhane and Mpanza are among the many community members attending the imbizo, which is led by President Cyril Ramaphosa at the Umnini Sportsfield in Umgababa.

Cabinet adopted the DDM in August 2019. The DDM is an integrated planning model for cooperative governance, which seeks to be an integrated, district-based, service delivery approach aimed at fast-tracking service delivery. It also seeks to ensure that municipalities are adequately supported and resourced to carry out their mandate.

Friday’s imbizo is the second DDM Presidential Imbizo under the Government of National Unity (GNU). The occasion provides the President, Ministers and KwaZulu-Natal provincial government officials an opportunity to listen to the concerns of communities and respond to them.

Lindiwe Dlamini from Umlazi, a nearby location, raised concern about the slow pace of service delivery.

“We have been waiting for too long. We kept on enquiring from the municipality but we are not getting answers. I am glad the President is here. We hope we are going to get answers today,” Dlamini said.

President Ramaphosa kicked-off the imbizo by visiting the N2 bridge, which partially collapsed earlier this week due to heavy rains.

Upon his arrival, the President was briefed about the damage by Transport Minister Barbara Creecy and the South African National Roads Agency SOC Ltd (SANRAL) officials, who said the bridge will be fixed and operational by next month.

After being briefed, President Ramaphosa and his entourage proceeded to Umnini Sportsfield, where communities were given a chance to express their concerns.

The DDM Presidential Imbizo is an important public participation platform that ensures the voices and perspectives of communities are heard to advance a participatory democracy.

The imbizo continues . – SAnews.gov.za

Edwin
Fri, 11/08/2024 - 14:41

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Extortion poses serious threat to State and citizens, says Mashatile

Location: News

Extortion poses serious threat to State and citizens, says Mashatile

Deputy President Paul Mashatile says an economy grappling with extortion, controlled by "ruthless gangsters", poses a serious threat to both government and law-abiding citizens.

“We have also responded to a related question in the National Assembly, highlighting the urgent need for government to take decisive action to deal with extortion-related criminality,” Mashatile said on Thursday.  

The Deputy President was responding to questions in the National Council of Provinces (NCOP) relating to several critical issues impacting South Africa’s township and rural economies. 

The Deputy President quoted Police Minister Senzo Mchunu, who in September spoke about township economic sabotage in four provinces. These provinces include mainly Gauteng, KwaZulu-Natal, the Western Cape and Eastern Cape. 

“According to the Minister of Police, these provinces carry 73% of crime levels in South Africa. The gravity of these crimes alone, including extortion, are of serious concern to government, and must be dealt with immediately,” said Mashatile.

He announced that the South African Police Service (SAPS) has since initiated the signing of cooperative agreements with provincial and local governments, which include operational plans that will provide details on the integration of resources against crime.

In addition, Extortion and Kidnapping Task Force Forums have been established in all affected provinces, which involve all the relevant stakeholders, including private business.

On the implementation of measures to deal with sabotage of basic service delivery, such as water and sanitation, by “unscrupulous” owners of water tankers, the Deputy President said the Departments of Water and Sanitation and Cooperative Governance and Traditional Affairs have intervened. 

According to the Deputy President, the two departments are assisting struggling municipalities with water tankers as a short-term intervention, while bulk water infrastructure challenges are being resolved.

“In addition to the challenge of construction mafia, which is rife all over the country, we have received reports of unscrupulous owners of water tankers, who are interfering with service delivery initiatives in municipalities, thus extorting money to rent their services, and some selling water to vulnerable communities.” 

He stressed that the State was encouraged by the work of Community Policing Forums, whistleblowers and community members, who are actively involved in addressing service delivery-related acts of criminality and extortion across all provinces that have been identified as hotspots. 

“However, much more needs to be done to resolve this challenge,” Mashatile said.

Township economy

Meanwhile, the country’s second-in-command said government is dedicated to transforming apartheid spatial planning by investing in critical industries such as manufacturing to revitalise and create much-needed jobs in the communities where people reside. 

According to the Deputy President, the Department of Trade, Industry and Competition (dtic) has developed the Industrial Parks Revitalisation Programme (IPRP), aimed at renewing and reviving South Africa’s old and abandoned industrial parks and driving employment in the manufacturing sector in townships and rural economies. 

He explained that this programme aims to support State-owned industrial parks and identify enabling opportunities for local manufacturing and value addition in marginalised communities. 

The Deputy President also highlighted the State’s programmes to support Special Economic Zones (SEZs), which are aimed at expanding economic activity in underdeveloped parts of South Africa. 

To date, he said there are 11 designated SEZs, nine of which are being supported by the SEZ Fund, and have generated investments amounting to R19.6 billion. – SAnews.gov.za

Gabisile
Fri, 11/08/2024 - 09:38

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BMA to meet with Mozambican leadership on border post closure

Location: News

BMA to meet with Mozambican leadership on border post closure

The Border Management Authority (BMA) says it expects to start engaging with the Mozambican government following the closure of the Lebombo Border Post due to security concerns.

This amid protests owing to political tensions in that country, which have culminated in reports of vehicles being burnt on the Mozambican side of the border.

Speaking to media at the border post on Friday, BMA Commissioner Dr Mike Masiapato reiterated that the border remains closed at this stage.

“The status quo remains… where, the port is closed as we speak... We are [now] busy engaging with the Mozambicans to... make a determination about the way forward.

“The only difference is that the people here at the port, the leaders at the port levels, say that these issues are now getting more complicated, and they will not be able to make any significant determinations,” Masiapato said.

He advised travelers to use alternative ports to travel.

“We have advised them to use the Mananga port of entry. It is 60km from [Lebombo border post] and most taxi drivers have actually started doing that.

“[This] will enable them to enter into Eswatini and ultimately enter into Mozambique, so basically, those are Mozambicans trying to go back home. Th iiss the best we could have done.

“Once we have met with the people from [the Mozambique] side, we will be able to make a final determination,” he said.

Masiapato strongly advised South Africans not to travel into that country.

“South Africans are discouraged from planning any kind of travel into Mozambique, that is a very clear one. When talk about even a partial re-opening for the movement of persons, we are talking about Mozambicans who are going back home.

“We cannot keep them [Mozambicans] unless they want to be kept like the immigration officers that we kept here for their safety (sic). But for the ordinary Mozambicans who say ‘I want to go back home’, we should not necessarily continue to refuse them to do so.

“But for us to be able to do so, it must be an agreement between us and the Mozambicans primarily on their ability to receive them and to do border management activities on them – particularly immigration activities,” he said.

Masiapato said that on the Mozambican side, the BMA has not received any indication of South Africans “who are under siege”.

“The only issue that we had on Wednesday was the issue of the… South African trucks that were empty that wanted to come back.

“When we did a partial re-opening, all those trucks came back. We were also able to repatriate around six petroleum trucks that carry fuel and all of those. We had to take them out of… the Mozambican side because of the danger that such kind of trucks have,” Masiapato said. – SAnews.gov.za

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Fri, 11/08/2024 - 13:09

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Boost for start-ups involved in space, Earth observation

Location: News

Boost for start-ups involved in space, Earth observation

Eight start-ups involved in space and Earth observation innovations have received funding through the Earth Observation Frontiers Enterprises Innovation Support Fund (NEOFrontiers EISF). 

Launched in 2021, the NEOFrontiers is an innovation funding mechanism designed to drive the growth of the local space sector through increased public investments. 

It seeks to stimulate collaboration, cooperation and innovation in the public and private South African Earth observation community.

The NEOFrontiers programme is managed by the South African National Space Agency (SANSA) and the National Research Foundation (NRF), and implemented with the support of Tuksnovation, the University of Pretoria's business and technology incubator. 

The programme subsidises enterprises with amounts ranging from R750 000 to R1 million for 12 months.

SANSA launched NEOFrontiers in 2021 through investment from the Department of Science, Technology and Innovation (DSTI). 

The first four NEOFrontiers projects were funded in 2022, while 2023 saw three start-ups supported. 

This year’s NEOFrontiers call saw eight successful start-ups submit brilliant proposals on mining, agriculture, infrastructure development, healthcare innovation, banking and financial institutions, as well as disaster risk reduction. 

These include Abiri Innovations, Agizo Solutions (Pty) Ltd, Aphelion World JV/Consortium, CreditAIs, Integrated Geoscience Solutions, Kgothatso Innovations, Regona Trading and YaAzi.

A total of 56 applications were received earlier in the year, 25 of which were eligible and allowed to pitch to an independent adjudication committee.

DSTI’s Acting Chief Director Itumeleng Makoloi said this programme unfolds at an opportune time when South Africa seeks to foster innovation.

“We need to create new ways of modernising areas such as agriculture, mining and manufacturing. We believe that this programme represents our shared vision to foster innovation, capacity building and strategic partnership across the public sector. 

"The joint efforts of DSTI entities, such as SANSA and the NRF, play a critical role in driving this vision.”

SANSA CEO, Humbulani Mudau, believes this platform will create a market pool for innovative solutions, for which space is a significant enabler and a value provider.

“I’m delighted to report that there is an equal split in gender representation. We have awarded the grant to start-up companies led and owned by four males and four females. This is good progress towards transforming the industry,” Mudau said. 

He said the NEOFrontiers is poised for greater strides in terms of direction and investments. 

“We’re indeed going to make this a flagship programme that will transform space-based ideas into relevant products and services that address societal and environmental challenges. As we do that, we’re going to be looking at increasing the competitiveness of the South African Earth observation industry for the benefit of the South African society.”

NRF CEO, Dr Fulufhelo Nelwamondo, is of the view that the initiative has the potential to gear small enterprises in the space sector to create job opportunities.

“The key focus is to support start-ups, SMMEs and entrepreneurs with funding. The reason for this is that we expect much more from our SMMEs to make sure that they can grow and employ more people.

“When they employ more people, there is an increase in new technology and service innovations coming out of their areas to a point that we can get even more people involved. Our rate of unemployment is increasing.”

The University of Pretoria’s Head of Innovation and Contracts Management, Advocate Lawrence Baloyi, said this has the potential to shape the future of South African space innovation. 

The next call to fund new SMMEs will be published before the end of 2024. – SAnews.gov.za

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E Cape’s Elundini residents urged to be on high alert for rabies

Location: News

E Cape’s Elundini residents urged to be on high alert for rabies

The Eastern Cape Department of Rural Development and Agrarian Reform (DRDAR) is urging anyone who may have been bitten by a donkey suspected of being infected with rabies in Nqanqarhu, Elundini Local Municipality, to get post-exposure prophylaxis (PEP) for rabies.

This is after a donkey exhibiting signs of rabies, including aggression and unusual behaviour, was reported to have bitten several individuals, including a child, on Wednesday. 

The donkey was subsequently put down by members of the South African Police Services (SAPS) after DRDAR veterinarians were unable to euthanise it due to its aggressive behaviour.

The DRDAR State veterinarian in Elundini, Dr Chanelle Kyle, said: “The animal was clearly suffering and posed a risk to the community at large.”

She said after the donkey was put down by the police, samples from the animal were taken and sent to the laboratory for testing.

“The local clinic confirmed that at least two individuals had presented to the clinic with bite wounds from the donkey, one of which is a young child. We also received an unconfirmed report that an individual was hospitalised. The hospital has also been contacted and informed about the situation,” said Kyle.

She said several reports indicate that more people were bitten by the donkey, but did not seek medical treatment. 

Kyle stressed that every effort is being made to locate these individuals and spread awareness so that they can receive rabies PEP.

PEP is a series of vaccinations and medications that can prevent the development of rabies if administered promptly after exposure.

To prevent the spread of rabies, the DRDAR is urging communities to take all necessary precautions, such as vaccinating all their pets against rabies, avoiding contact with wild animals, especially those that appear sick or injured, and refraining from handling or feeding wild animals. – SAnews.gov.za

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Fri, 11/08/2024 - 10:25

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Five Winners of the 2024 Earthshot Prize Unveiled at Awards Ceremony in Cape Town

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  • Advanced Thermovoltaic Systems, High Ambition Coalition for Nature and People, Keep IT Cool, Altyn Dala Conservation Initiative and Green Africa Youth Organization (GAYO) revealed as 2024 Earthshot Prize Winners during star-studded ceremony broadcast live across 50 African countries
  • Each Winner to receive £1 million to accelerate and scale the impact of their innovative environmental solutions
  • Calls for nominations for the 2025 Earthshot Prize are now open

​Last night, the five 2024 Earthshot Prize Winners were announced at a star-studded awards ceremony in Cape Town, South Africa, hosted by Emmy, Grammy and Tony Award winner Billy Porter and award-winning television presenter Bonang Matheba. The 2024 Winners, selected from this year's 15 Earthshot Finalists, will be awarded £1 million each to accelerate and scale their game-changing environmental solutions.

Following a rigorous selection process focused on identifying impactful, inspiring and inclusive environmental solutions, the five Winners are:

  • Fix Our Climate: Advanced Thermovoltaic Systems
  • Revive Our Oceans: High Ambition Coalition for Nature and People
  • Build a Waste-Free World: Keep IT Cool
  • Protect and Restore Nature: Altyn Dala Conservation Initiative
  • Clean Our Air: Green Africa Youth Organization (GAYO)

 Speaking during the Awards Ceremony, Prince William said:

“I believe our world can be rich in possibility, in hope, and in optimism. That is why The Earthshot Prize exists. To champion the game-changers, the inventors, the makers, the creatives, the leaders; to help them build upon the amazing things they've already achieved; to speed their innovations to scale and to inspire the next generation to create the future we all need."

Descriptions of the five Winners, by category:

WINNER for Fix Our Climate:

Advanced Thermovoltaic Systems (https://apo-opa.co/48EySP6), USA
Nominated by: Herbert Smith Freehills LLP

Advanced Thermovoltaic Systems (ATS) has developed a simple, safe and scalable technology to capture waste heat and convert it into electricity, offering a game-changing solution for heavy industries like cement and steel production. These industries require extremely high temperatures, which generate vast amounts of waste heat that is typically lost. ATS's technologies have the potential to save gigatonnes of CO2.

“At ATS, we are proud to lead the way in converting this waste into clean, usable electricity.  Winning the 2024 Earthshot Prize underscores the transformative potential of our technology. Tonight is a key moment for us as we focus on scaling up production in larger manufacturing facilities.” – Kelly Adams, CEO, Advanced Thermovoltaic Systems.

WINNER for Revive Our Oceans:

High Ambition Coalition for Nature and People (https://apo-opa.co/3AxM7Ew), Global
Nominated by: Campaign for Nature

A groundbreaking alliance of 119 countries with the ambitious goal to protect 30% of land and oceans by 2030, High Ambition Coalition identifies technical, financial and knowledge gaps and connects governments with technical assistance and funding. They've already achieved a major milestone with the adoption of the “30×30” target in the 2022 UN Global Biodiversity Framework.

Rita Maria El Zaghloul, Director, High Ambition Coalition for Nature and People said, “On behalf of the alliance, we are deeply humbled to be a Winner of this year's Earthshot Prize. Today's award validates the hard work and dedication of all involved in the 30x30 initiative and fuels our excitement and determination to protect 30 percent of the world's land and oceans by 2030. Together, we can achieve a more sustainable and biodiverse future.”

WINNER for Build a Waste-Free World:

Keep IT Cool (https://apo-opa.co/3AAGjdr), Kenya
Nominated by: Draper Richards Kaplan Foundation, Katapult Ocean

Keep IT Cool (KIC) addresses the challenge of food spoilage by providing sustainable, localized refrigeration systems that help small farmers and fishers preserve their produce. By installing solar-powered cold storage units where fish are landed, KIC significantly reduces spoilage and waste by ensuring the catch stays fresh and managing its transport to market. With plans to grow into East Africa and beyond, KIC is now working to expand their activities in poultry, fruit and vegetables and aims to bring their solution to more communities.

Francis Nderitu, Founder and Managing Director of Keep IT Cool said, “We are on a mission to revolutionise the food supply chain in East Africa. We are grateful for the recognition from The Earthshot Prize, and it is an important milestone for Keep IT Cool. We will continue to enhance market access, reduce waste and build climate resilience for small-scale fish and poultry farmers throughout the region.”

WINNER for Protect and Restore Nature:

Altyn Dala Conservation Initiative (https://apo-opa.co/3NWG3Zk), Kazakhstan
Nominated by: United Nations Environment Programme

Altyn Dala Conservation Initiative has achieved the almost unprecedented feat of saving the critically endangered Saiga antelope from extinction. This mission has grown into one of the world's largest conservation projects and is focused on protecting and restoring Kaakhstan's Golden Steppe, one of the world's least protected natural ecosystems.

Vera Voronova, Executive Director, Altyn Dala Conservation Initiative said, “We are thrilled to be receiving the 2024 Earthshot Prize for Protect and Restore Nature. Altyn Dala demonstrates that when governments and civil society work together with a shared vision, we can achieve remarkable results. The restoration of the Saiga antelope population and the revival of the Central Asian steppe are not just triumphs for wildlife but for the local communities that depend on these ecosystems.”

WINNER for Clean Our Air:

GAYO, Green Africa Youth Organization (https://apo-opa.co/3NVrpSe), Ghana
Nominated by: Clean Air Fund

A youth-led, gender-balanced organisation, GAYO uses its “Zero Waste Model” to drive behavioural change in waste management practices across Africa that cut greenhouse gas emissions and particle pollution, while also bringing additional income to communities. Their goal is to reduce greenhouse gas emissions and particle pollution in Ghana by 70%, compared to open burning, as well as divert a total of 4,000 tonnes of waste by 2030. GAYO's plans to scale would make them the leading model for waste management on the continent.

Desmond Alugnoa, Co-Founder of the Green Africa Youth Organization (GAYO) said, “We are incredibly honored to be winning the Prize, which is a testament to the power of community-driven solutions and the importance of empowering those most affected by climate challenges. Our work in Ghana demonstrates that sustainable waste management isn't just a possibility—it's a necessity. The recognition by The Earthshot Prize fuels our commitment to replicating these models across Africa, proving that local solutions can have global impacts.”

The five Winners of the 2024 Prize cohort were selected by Prince William and The Earthshot Prize Council, a diverse group of experts, advocates and individuals dedicated to championing urgent and innovative action to protect our planet. The Earthshot Prize Council is chaired by The Earthshot Prize Board of Trustees Chair, Dame Christiana Figueres, architect of the Paris Agreement.

Members of The Earthshot Prize Council include: His Royal Highness Prince William, Her Majesty Queen Rania Al Abdullah, José Andrés, Sir David Attenborough, Cate Blanchett, Ernest Gibson, Hindou Oumarou Ibrahim, Wanjira Mathai, Stella McCartney, Nemonte Nenquimo, Luisa Neubauer, Indra Nooyi, Dr. Ngozi Okonjo-Iweala and Naoko Yamazaki.

In addition to the five £1 million prizes supporting the growth of Winners' solutions, each of the 15 Earthshot Prize Finalists will receive dedicated mentorship, resources and technical support through the year-long Earthshot Prize Fellowship Programme.

That support includes access to the Prize's robust network of influential experts and partners, including The Earthshot Prize's Global Alliance of Partners (https://apo-opa.co/4fh0E6D), comprised of some of the world's largest businesses, donors, investors and environmental organisations committed to climate action.

Finalists will also have access to Launchpad (https://apo-opa.co/3O1bhi2), Earthshot's bespoke online finance platform to matchmake Earthshot solutions to a growing community of members made up of mission-aligned donors and investors seeking to speed proven environmental solutions to scale.

The Earthshot Prize is already gearing up for the 2025 Earthshot Prize. Nominations for the Prize's fifth cohort of innovative solutions and entrepreneurs are now open.

If you missed last night's spectacular live event you can watch repeat broadcasts of the star-studded ceremony from 07 November on DStv Catch Up, Showmax, and on multiple DStv channels across Africa from 08 November. Check your local television schedules for more details.

Distributed by APO Group on behalf of MultiChoice Group.

NOTES FOR EDITORS:
Follow The Earthshot Prize on:  
Instagram: https://apo-opa.co/3UKashj
Twitter: https://apo-opa.co/4fEHeZ8
LinkedIn: https://apo-opa.co/3AA6uB4
Facebook: https://apo-opa.co/3YU9tNY
YouTube: https://apo-opa.co/3UGroFo
TikTok: https://apo-opa.co/4fFj00P

About The Earthshot Prize:
Founded by Prince William and incubated in the The Royal Foundation in 2020 for a year before becoming an independent platform/organisation, The Earthshot Prize is a global environmental prize and platform designed to discover, accelerate and scale ground-breaking solutions to repair and regenerate the planet. Inspired by President John F. Kennedy's Moonshot, which united millions of people around the goal of reaching the moon, The Earthshot Prize aims to catalyse an Earthshot challenge to urgently encourage and scale innovative solutions that can help put the world firmly on a trajectory towards a stable climate, where communities, oceans and biodiversity thrive in harmony by 2030. The five challenges are: Protect and Restore Nature; Clean Our Air; Revive Our Oceans; Build a Waste-Free World; and Fix Our Climate.

The Prize aims to turn the current pessimism surrounding environmental issues into optimism by championing inspiring leadership and helping to scale incredible cutting-edge solutions. It will discover 50 winners over 10 years with the power to repair the planet. More than an award, The Earthshot Prize works in partnership with a Global Alliance of Partners to support the scaling of the solutions discovered and selected each year.

The Global Alliance Founding Partners are a group of leading global organisations and philanthropists, which act as strategic funding partners to the Prize, including Aga Khan Development Network, Bezos Earth Fund, Bloomberg Philanthropies, Breakthrough Energy Foundation, Coleman Family Ventures, DP World in partnership with Dubai EXPO 2020, Eleven Eleven Foundation, Giving Grousbeck Fazzalari, Holch Povlsen Foundation, Jack Ma Foundation, Law Family Charitable Foundation, Mastercard Center for Inclusive Growth, Marc and Lynne Benioff, Paul G. Allen Family Foundation, Rob Walton Foundation, Sandy and Paul Edgerley, Standard Chartered Bank, Temasek Trust, and Uber.

Global Alliance Partners are non-profit environment and sustainable development organisations that bring expertise, global reach and serve as nominating organisations each year. For a full list of our Global Alliance Partners, visit: https://apo-opa.co/4fh0E6D.

Global Alliance Members are some of the world's largest and most influential companies and brands that will support The Earthshot Prize, implement ambitious changes within their businesses and accelerate the advancement of the solutions of Prize Finalists and Winners. They are Arup, Bloomberg L.P., Deloitte, Herbert Smith Freehills, Hitachi, Ingka Group (IKEA), Microsoft, The Multichoice Group, Natura &Co, Safaricom, Salesforce, Unilever, Vodacom Group, and Walmart.

For more information about The Earthshot Prize, visit: www.EarthshotPrize.org.

Read moreFive Winners of the 2024 Earthshot Prize Unveiled at Awards Ceremony in Cape Town

Afreximbank President Professor Benedict Oramah Receives Prestigious Mohammed Barkindo Lifetime Achievement Award

Location: News
Afreximbank

Professor Benedict Okey Oramah, President and Chairman of the Board of Directors at African Export-Import Bank (Afreximbank) (www.Afreximbank.com), has been awarded the prestigious Mohammed S. Barkindo Lifetime Achievement Award at the African Energy Awards, held on the sidelines of the African Energy Week (AEW) 2024: Invest in African Energy conference, happening between 4-8 November in Cape Town, South Africa.  

The award, named in honour of the former Secretary-General of OPEC, the late Dr Mohammed Barkindo, recognizes individuals who have made exceptional and lasting contributions to Africa's oil, gas, and energy sectors. This honour represents the highest accolade in African energy, awarded to individuals whose work has had a transformative impact on the continent's energy sector. Notable past recipient of the Mohammed S. Barkindo Lifetime Award in 2023 is Keith Hill, former President and CEO of Africa Oil Corp. 

For over three decades, Prof. Oramah has played a critical role in driving sustainable development across Africa by channelling essential funding into major oil, gas, and infrastructure projects. Since assuming leadership of Afreximbank in 2015, he has pioneered innovative financing structures that have democratised energy access and accelerated industrialization and the growth of Africa's strategically critical energy sector. 

Under Prof. Oramah's leadership, Afreximbank has made substantial contributions to the growth of Africa's energy sector. Under his stewardship, the Afreximbank has facilitated the mobilization of over USD 70 bn to support Africa's energy sector. Included in this is more than USD 5bn for refineries in Nigeria, Angola and Senegal, to further Africa's refined product independence and reduce the continent's Foreign Exchange drain.  

In Nigeria, Afreximbank now acts as Adviser and Settlement Bank for NGN denominated crude sales to Nigerian refineries. Replicated across the oil producing states in Africa, this will save several USD 100mn per annum in transactional charges alone. Ranking among President Oramah's most significant achievements is the historic signing of the Establishment Agreement and the Charter of the Africa Energy Bank (“AEB”) in Egypt in June 2024, in partnership with the African Petroleum Producers Organization (APPO). This landmark initiative aims to mobilize funding to support investments across Africa's entire energy system, aligning with the continent's energy needs and its environmental sustainability goals. 

Professor Oramah has led the energy transition agenda through the Bank's support in renewable energy transactions including, but not limited to, the EUR1.3 bn ECA import facility Project Gleam in support of the import of sonar panels for rural electrification in Angola, the EUR 147mn Government of Cameroon solar power project and the US$363 million Gasmeth Energy Rwanda gas extraction and processing project.  

Significantly, the majority of the above-mentioned transactions received numerous industry awards for their impact on the continent, their complexity and their unique structures.   

Prior to joining Afreximbank, Professor Oramah distinguished himself in international trade finance and development. Beginning his career at the Nigerian Export-Import Bank (NEXIM), he played an instrumental role in shaping Nigeria's export development strategies. Prof Oramah holds a Ph.D. in Agricultural Economics from Obafemi Awolowo University in Nigeria.  

Acknowledging the award, Prof. Oramah commented: 

“It is a great honour to be awarded the Mohammed S. Barkindo Lifetime Achievement Award. Whilst a great honour for me personally, this award reflects the work and dedication of many others, including my colleagues at Afreximbank and our various partners. At Afreximbank, we remain deeply committed to reducing energy deficit on the continent and ensuring we are self-sufficient. 

Distributed by APO Group on behalf of Afreximbank.

Media Contact: 
Mr Vincent Musumba 
Manager, Communications and Events (Media Relations) 
Email: press@afreximbank.com 

Follow us on: 
Twitter: https://apo-opa.co/4fwz0D3
Facebook: https://apo-opa.co/4emjUyg
LinkedIn: https://apo-opa.co/4feURPa
Instagram: https://apo-opa.co/3CjGevc

About Afreximbank : 
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa's trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries to effectively participate in the AfCFTA. At the end of December 2023, Afreximbank's total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. The Bank disbursed more than US$104 billion between 2016 and 2023. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody's (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure, (together, “the Group”). The Bank is headquartered in Cairo, Egypt. 

For more information, visit: www.Afreximbank.com 

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Read moreAfreximbank President Professor Benedict Oramah Receives Prestigious Mohammed Barkindo Lifetime Achievement Award