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Celebrating a life of service and leadership
Celebrating a life of service and leadership
President Cyril Ramaphosa has praised the late former Finance Minister Tito Mboweni for being a man of great stature who never lost his ability to connect with people from all walks of life.
The President delivered a poignant eulogy at the Special Official Funeral Category 2 in honour of Mboweni at the Nkowankowa Stadium in Limpopo on Saturday.
Mboweni, remembered for his immense contributions to South Africa's economic and political landscape, was honoured by dignitaries, colleagues, and citizens alike for his unwavering service to the country and his ability to connect with people from all walks of life.
“Governor 8 could relate to people from all walks of life. He was an empathetic man. He valued character over pedigree. And he was no cynic. He looked for the good in each person and usually found it,” the President said.
President Ramaphosa noted that while Mboweni was respected by leading economists, business titans, and labour leaders, he remained deeply grounded.
“Yet despite his stature and profile, he never lost the common touch. He had a gift to connect to people. He understood them and he had a way to make people feel special and made them have a sense that they mattered,” the President said.
Mboweni who passed away at the age of 65 last week, served as South Africa’s Minister of Labour in the first democratically elected Cabinet from 1994 to 1999.
Following that, he served as the South African Reserve Bank Governor (SARB) from 1999 to 2009.
His final official position in government was as the Minister of Finance in President Ramaphosa’s administration from 2018 to 2021. He resigned from Parliament on 1 February 2022.
A life well lived
The President praised the former Minister of Finance as one of South Africa's most illustrious sons.
"Our hearts are heavy because of this great loss, but we are also here to celebrate a life well led—a life that is replete with many lessons," President Ramaphosa said.
President Ramaphosa recounted the many facets of Mboweni’s remarkable career, from being affectionately called "Comrade Tito" and "Governor 8" to his roles as South Africa's first black Governor of the SARB and later Minister of Finance.
"He was larger than life because he led such a big life and touched the lives of many people,” he said.
The President recalled the pivotal moment when he asked Mboweni to return to the public service after he had left, to which Mboweni eventually agreed.
“He had already left public service when I knocked on his door asking him if he would return to public service as Minister of Finance. I just said Cde Tito your country needs you to do another tour of service.
“He agonised about giving up the material value he was building for himself and his family. But after a while he came through for the people of South Africa and agreed to serve as Minister of Finance. Tito was a true patriot,” the President said.
Mboweni’s contribution as Minister of Finance was marked by his dedication to fiscal discipline and economic transformation, steering the National Treasury through a challenging period as the country emerged from state capture and faced a global pandemic.
“Tito taught us that public service is noble and necessary; that one can serve with integrity and hold true to the important values, like faith and family. He strongly believed that it was important to give back to the community and country in which one lived.
“He recognised that serving others enriched the servant’s soul. To me he was the shining star that shined brightest in a maze of a dark period in the life of our country we called state capture,” he said.
The President also touched on Mboweni's lighter side, recalling his infamous brown shoes and self-deprecating humour, which belied a career of monumental achievements.
"For Tito, when you hold public office, perception matters," said Ramaphosa, reflecting on the lessons Mboweni taught about humility, leadership, and being of the people.
“Tito Mboweni wasn’t just incorruptible. He wasn’t just an avowed enemy of corruption throughout his life in public office.
“In time we will look back at those social media posts of Tito defending his infamous brown shoes that had seen better days.
“We may then read what was perhaps the deeper, intended meaning: That when you hold public office, when you are entrusted with leadership, you must be of the people. Not standing above them, not looking down on them. For Tito, when you hold public office, perception matters,” the President said.
READ | Dr Tito Mboweni remembered as a trailblazer
The President also spoke fondly of their shared passion for trout fly fishing and Mboweni’s lasting legacy as a true servant leader.
“Cde Tito and I shared a deep passion for trout fly fishing and would spend time talking about the skill of casting a line to catch a brown trout and compare that to prudent macro-economic policy management.
“I kept fearing that on Budget Day we would bring a dead trout fish to the National Assembly and talk about it,” the President said. – SAnews.gov.za
DikelediM
Sat, 10/19/2024 - 15:44
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Forum on Impactful Investment for Inclusive Growth in South Africa
Invest Africa (www.InvestAfrica.com), in partnership with British International Investment (BII), the UK's development finance institution and impact investor, is excited to announce the upcoming forum, Impactful Investing for Inclusive Growth, taking place on 23 October 2024 in Johannesburg. This half-day event will focus on driving inclusive development in South Africa, addressing the critical challenges of digital, financial, and spatial inclusion.
Bringing together key stakeholders, the forum will feature prominent speakers including Andile Ngcaba, Founder and Chairman of Convergence Partners, Hardy Pemhiwa, Group President and CEO of Cassava Technologies, and Carel Kleynhans, CEO of Divercity Urban Property Group. These thought leaders will share insights into how strategic investments can unlock untapped potential within South Africa's economy.
BII, a pioneer in impact investing, has been a long-term partner to South Africa, with its first investment dating back to 1995. As the economic landscape evolves, BII remains committed to promoting sustainable development through impactful and inclusive investment. The forum will spotlight key areas such as digital infrastructure and affordable housing, while exploring how innovative financial solutions can drive inclusive growth and help South Africa meet its sustainable development goals.
Chantelé Carrington, Chief Executive Officer of Invest Africa, commented: "Our partnership with British International Investment is a significant step in driving inclusive growth in South Africa. Together, we aim to empower communities, bridge gaps in access, and drive sustainable development across the country. We look forward to working collaboratively with BII to bring transformative investment to the region at the Impactful Investing for Inclusive Growth event."
Chris Chijiutomi, Managing Director and Head of Africa, British International Investment, added:
"We are committed to investing our capital to support inclusive and sustainable economic growth, particularly when it comes to offering vital climate finance. I am delighted to join forces with Invest Africa to bring together businesses and investors to unlock South Africa's economic potential. This will be the first in a series of forums that we will be convening to bring together entrepreneurs and industry leaders to support the government's agenda to bring about sustainable economic growth and increase innovation.”
The forum will host two key sessions:
- Session 1: Digital and financial Inclusion (08:15 – 09:15) – Exploring the challenges and opportunities for expanding Africa's digital infrastructure, with a focus on how development finance can support affordable, wide-reaching connectivity across the continent. The panel will also explore innovative solutions to enhance financial inclusion and poverty reduction in underserved communities.
- Session 2: Spatial Inclusion (09:30 – 10:30) – Addressing the critical need for investment in affordable housing and township retail.
The event will gather business leaders, investors, and policymakers for insightful discussions on how impactful investments can drive sustainable and inclusive growth in South Africa.
For registration or inquiries, please contact George Meadows, Marketing and Events at Invest Africa, at george.meadows@investafrica.com.
Distributed by APO Group on behalf of Invest Africa.
For media inquiries, please contact:
George Meadows
Marketing and Events, Invest Africa
T: +44 20 3730 5035
E: george.meadows@investafrica.com
About Invest Africa:
Invest Africa is a leading pan-African business platform that promotes trade and investment across the continent. With over 60 years of experience, our network includes more than 400 multinational corporations, private investors, fund managers, family offices, policymakers, and entrepreneurs, all committed to building opportunity across Africa. We facilitate business and investment through events, conferences, bespoke missions, and consultancy. For more information, visit: www.InvestAfrica.com
About British International Investment (BII):
British International Investment is the UK's development finance institution and impact investor. As a trusted investment partner to businesses in Africa, Asia and the Caribbean, BII invests to create productive, sustainable and inclusive economies in our markets. Between 2022-2026, at least 30 per cent of BII's total new commitments by value will be in climate finance. BII is also a founding member of the 2X Challenge (https://apo-opa.co/409BUbF) which has raised over $33.6 billion to empower women's economic development. The company has investments in over 1,580 businesses across 65 countries and total net assets of £8.5 billion. For more information, visit: www.BII.co.uk | watch here (https://apo-opa.co/48k4sl6). Follow British International Investment on LinkedIn (https://apo-opa.co/4hdcnVa) and X (https://apo-opa.co/3UfiWgb).
North West government to take service delivery programmes to communities
North West government to take service delivery programmes to communities
The North West Provincial Government will provide services to residents of several municipalities on Friday, 18 October 2024, as part of its Accelerated Service Delivery Programme – Thuntsha Lerole Reloaded.
Communities that are expected to benefit tomorrow include Manamakgoteng, Modderkuil, Mabele-a-pudi, Ledig, Mogwase, Segakwaneng in Moses Kotane Local Municipality and others that fall under Moses Kotane Local Municipality and Bojanala Platinum District Municipality.
According to the provincial government, this all-encompassing service delivery programme will be led by Premier Lazarus Mokgosi.
He will be joined by MECs for different provincial departments, the local and district municipalities’ Executive Mayors, and the local traditional and Khoi-San leadership.
Tomorrow’s programme will include the handing over of school furniture, comprising 160 chairs and 80 tables, as well as five chairs and tables for teachers, at Okomelang Primary School in Sandfontein, near Mogwase.
In keeping with the Department of Social Development’s undertaking to support and strengthen the qualifying non-profit organisations’ capability to provide services to the needy, three non-profit organisations, namely Lesedi Modderkuil Home Based Care, Arise and Shine and Ithuso Disability Community Centre, will each receive a dummy cheque worth over R500 000.
The Rooikraal brick-making company, located in Rooikraal village, near Mogwase, will be presented with a voucher to confirm that their products meet the requirements set by the South African Bureau of Standards (SABS).
This, the provincial government said, is part of the provincial government’s small, medium and micro enterprises (SMMEs) product development programme that seeks to promote compliance with industry standards.
In addition, two more local female farmers will be given bulls in line with the provincial government’s broader strategy to empower women in agriculture.
A crop farmer from Legogelo village will receive bags of sunflower seeds and diesel as part of the Department of Agriculture and Rural Development’s Crop Massification Programme.
Vegetable seedlings and garden tools will also be handed over to Modderkuil Clinic and Lesedi Modderkuil Edu Care.
Also, three completed RDP houses will be handed over to beneficiaries from Mabele-a-pudi village, while 10 title deeds will be handed over to beneficiaries from Madikwe.
Some of the public services to be delivered as constant features of the Thuntsha Lerole Reloaded programme include compliance inspection of local tuck shops and taverns, patching of potholes and blading of identified gravel roads.
The team will also provide consumer education, mass registration of the indigent, registration for social support services, and registration and updating of local business details on the Central Supplier Database (CSD).
They will do health screening, clearing of illegal dump sites, agricultural advisory services and handing over of sports equipment and attire to identified local sporting teams.
The North West Provincial Government is also expected to roll out similar programmes to other district municipalities in the coming weeks. – SAnews.gov.za
Gabisile
Thu, 10/17/2024 - 12:23
272 views
Call for proactive regulations in the media sector
Call for proactive regulations in the media sector
The Media Development and Diversity Agency (MDDA) has called for proactive regulations to deal with matters of platform accountability, competition and cases of acquisitions in the media sector.
Citing the Multichoice and Canal+ acquisition, MDDA Acting Executive Manager, Lethabo Dibetso, said the acquisition poses a threat to the sustainability of the community media sector due to the Universal Service Fund (USAF) levy paid by Multichoice.
According to media reports, the French media giant has bought shares at the JSE [Johannesburg Stock Exchange]-listed broadcaster.
The MDDA currently receives a majority of its funds from broadcast funders through USAF levies, government grants and interest on investments.
Dibetso explained that Multichoice is one of the biggest contributors to the USAF levy.
“Should the levy fall through, it will be interesting to see if Multichoice will still be a contributor to the USAF levy and what that means for the sustainability of the community media sector,” Dibetso said on Thursday during a panel discussion on media freedom.
The discussion was hosted by Media Monitoring Africa (MMA) and Government Communication and Information System (GCIS) during the 2024 Media Freedom Festival under the theme: “Media for Democracy: Ensuring Access, Accountability and Integrity in Journalism".
USAF was established under the Electronic Communications Act (ECA) to fund projects and programmes that strive to achieve universal service and access to information and Communication Technologies (ICTs) by all South African citizens.
With the MDDA being in business for about 20 years, Dibetso recognised the continuous support the agency has received from commercial broadcasters through the use of the USAF levy.
“If it wasn’t for that continuous support, the community sector would be non-existent. In the past 20 years, we have supported the community media sector with non-financial support of more than R20 million; with financial support [of] R600 million, and we have created direct and indirect jobs through supporting the community media sector.
“We have also assisted with governance training. Governance is critical for the community media sector, and it enables communities to have alternative media platforms,” he said.
Dibetso said there are a lot of community media organisations that have come up with innovative ways to sustain themselves outside of the government grant.
“The economic challenges that the media sector is facing, particularly the print sector, has direct implications for the sustainability of the MDDA and community media.
“The shrinking advertising spend means that a majority of community organisations do not have access to advertising funding.
“The competition by the digital platforms is also taking away from the community media sector, which means that as an organisation we need to knock on different doors to sustain the sector,” Dibetso said.
Ensuring media freedom
He expressed concerns about the lack of mechanisms to protect women working in the media sector.
“We have seen an increase in cyber misogyny in the media. There is an increased attack on women journalists, which poses a challenge for us,” Dibetso said.
Head of Programmes at the MMA, Thandi Smith, echoed Dibetso's sentiments that there ought to be reforms aimed at protecting journalists and media freedom.
“Over the last few years, we have seen an increase in cases against public participation. We have seen prominent cases where these mechanisms are used to silence journalists and clamp down on media freedom,” Smith said.
She said over the last 30 years, the media sector has scored big wins with upholding media principles in policy and litigation areas.
“We have seen how the judiciary has played their part in promoting and upholding media freedom. We saw changes with how media had to apply for permission to cover criminal cases from the presiding judge. That has now changed. The default now is to have open access, unless otherwise stated that it needs to be closed,” she said. - SAnews.gov.za
nosihle
Thu, 10/17/2024 - 12:50
207 views
Vantage Capital Concludes a €66M Deal With Camusat
Vantage Capital (www.VantageCapital.co), Africa's largest mezzanine fund manager, announced today that it had closed a €66 million mezzanine investment in Camusat Holding S.A.S, the proceeds of which will be used to refinance debt and fund the capital expenditure required for expansion of the group's AktivCo division. Vantage Capital's investment is part of a global financing package of €81m provided in consortium with Eurazeo, a leading European investment group.
Camusat is a leading telecommunications player managing fully integrated and sustainable business models for the deployment and management of telecom infrastructure whilst championing the decarbonization of mobile network operators (MNOs). Partnering with major investment funds that support green investments, Camusat is pursuing its ambition to become the leading “Infra as a Service” partner for the mobile telecom industry, with a broad presence in emerging markets, especially in Africa. The group operates across twenty countries (including fifteen on the African continent) and through two synergistic divisions, AktivCo and OpCo:
- AktivCo is the Infrastructure as a Service business structuring and financing complex transactions under long-term contracts to transform the telecom infrastructure by applying sustainable business models. With a strong focus on low carbon footprint solutions and digitalization of operations, AktivCo accelerates the expansion and modernization of MNOs' infrastructure and reshapes the telecom world for cleaner communications; and
- OpCo is a telecom service partner that combines technical expertise with operational excellence to design, build, and manage telecom infrastructure.
Since inception, Camusat has been capitalizing on the rapid expansion of the telecom industry, but most importantly the ever-growing need of MNOs to outsource non-core operations to specialized service providers. This trend is observed worldwide but is more prevalent in emerging markets, especially Africa. As network coverage remains relatively low, MNOs are being pushed by regulators to ramp up their infrastructure investment especially to increase coverage in rural areas, where most of the population lives. MNOs therefore need to contract with service providers like Camusat to support the rapid and viable roll-out and management of their tower infrastructure.
In this context, Camusat has established itself as the key strategic partner for telecom operators such as Orange, Moov Africa (Maroc Telecom group), MTN, Vodafone, Airtel and others. The group's comprehensive offering drives long-term performance for mobile networks and inclusive connectivity, digitalization and sustainable access to technology, making it a one-stop-shop for MNOs. Its multi-decade experience and track record attest to the quality of its performance.
Mr. Richard Thomas, CEO of Camusat, commented, “we are very pleased to have concluded the transaction with Vantage Capital. This financial and strategic partnership comes at a time when we are further expanding our presence in Africa, and we are confident that Vantage Capital's extensive network and expertise on the continent will be a great support in achieving our objectives.”
Mr. Luc Albinski, Executive Chairman at Vantage Capital, added, “we are proud to partner with such a leading and dynamic group as Camusat. Throughout the process, we have been impressed by management's deep knowledge of the telecom industry, but also their firm commitment to help increase connectivity in parts of Africa where network coverage remains underdeveloped.”
Mr. Thibaut de Rodellec, Deputy CEO of Camusat, said, “we were convinced from our very first discussions that Vantage Capital and Camusat would be a great fit. We always look beyond the financial aspect when forming new partnerships, and we were glad to discover that our firms share common ethics, vision and dedication. We will ensure this partnership is a success for all stakeholders.”
Mr. Driss Benabdeslam, Partner at Vantage Capital, concluded, “by investing in Camusat, we are backing a group that is engaged in a vital and buoyant industry and constantly strives for operational and corporate excellence. Camusat has incorporated best-in-class ESG practices and implemented various CSR measures directed at supporting local communities and minimizing greenhouse gas emissions from the telecom sector. We are thrilled to support the group in creating more value and generating an even greater positive social impact over the years to come.”
This transaction represents Vantage Capital's 39th investment across four generations of funds with its portfolio of investments spread across eleven African countries.
Vantage Capital was advised by Clifford Chance (in Morocco) who acted as its legal counsel. KPMG (in France) and Webber Wentzel (in South Africa) provided tax advice, KPMG (in France) was the financial advisor, Emerton (in France) provided commercial advice, and Ibis Consulting (in France) reviewed the environmental impact.
Camusat was advised by Goodwin Procter (in France) who acted as their legal counsel and Marlborough Partners (in France) who acted as financial advisor.
Distributed by APO Group on behalf of Vantage Capital Group.
For more information contact:
Luc Albinski
Executive Chairman
luc@vantagecapital.co.za
Luc Albinski
Executive Chairman
luc@vantagecapital.co.za
Driss Benabdeslam
Partner
driss@vantagemezzanine.com
Partner
driss@vantagemezzanine.com
About Vantage Capital:
Founded in 2001, Vantage Capital is an Africa-focused fund manager that has raised funds of over $1.6 billion.
Since 2006, Vantage Capital's Mezzanine division has made 39 investments across four successive funds into 11 African countries, making it the largest and most experienced independent mezzanine funder on the continent. In addition, Vantage Capital's GreenX division has made 15 senior debt investments into South African solar and wind energy projects across three funds. Vantage Capital launched Vantage Best in Class in 2022 to provide long-term financial and strategic support to education businesses operating in Europe, the Middle East and Africa. As a first step, Vantage Best in Class has partnered with Maple Bear Global Schools, the largest and fastest growing franchise of K-12 bilingual schools in the world in a €100 million investment programme for the Central & Eastern European region.
Vantage Capital targets mezzanine debt opportunities of $10-50m across more than a dozen key African markets.
Mezzanine debt is an intermediate form of risk capital, which is situated between senior debt, the least risky tranche of the capital structure, and equity, the riskiest tranche of the capital structure. It combines elements of both debt and equity thereby providing companies with long-term funding on terms which are less dilutive to shareholders than pure equity.
Website: www.VantageCapital.co.za
About Camusat:
Headquartered in Paris, Camusat is a global group operating in the telecommunications industry across Africa, Europe, the Middle East, and Latin America.
Over almost five decades of existence, it has established itself as leading player and a key partner for telecom operators, thanks to a comprehensive offering and best-in-class capabilities. With the launch of its AktivCo division in 2017, the group pioneered the ESCO (Energy as a Service) and TWESCO (Tower & Energy as a Service) models in Africa, enabling clients to achieve significant cost-savings and streamline their cash outflows, while ensuring a positive environmental impact with the use of renewable energies, low environmental solutions and smart technologies to support the deployment, extension and management of telecom infrastructure. The group has been able to secure infrastructure debt funding from major development finance institutions, including FEI (Facility for Energy Inclusion), Africa Go Green Fund, Proparco, and Norfund.
Camusat employs more than 2,000 people and is guided by a highly dedicated and experienced management team with deep industry expertise and firm commitment to financial, operational, and environmental excellence.
Since 2016, the group has been majority-owned by Equistone, a leading mid-cap private equity fund in Europe with 12 billion euros of assets under management since inception. Camusat's management owns the remaining share capital.
Lottery Spent Over R1-Million on Lawfare
Attacks were also launched on the integrity of our reporter
Deputy President to convene first GNU clearing house mechanism meeting
Deputy President to convene first GNU clearing house mechanism meeting
Deputy President Paul Mashatile will chair the first meeting of the Government of National Unity (GNU) clearing house mechanism as South Africa celebrates the milestone of 100 days in office of this administration.
According to the Presidency, the GNU clearing house mechanism was established by President Cyril Ramaphosa last month to resolve policy disagreements within the 10-member GNU.
The Deputy President will assemble the 10-member GNU in his capacity as Leader of Government Business in Parliament.
The political parties that are signatories to the GNU include the African National Congress (ANC), Democratic Alliance (DA), Patriotic Alliance (PA), Inkatha Freedom Party (IFP), Good Party, Pan Africanist Congress of Azania (PAC), Freedom Front Plus (FF+), United Democratic Movement (UDM), Al Jama-ah, and Rise Mzansi.
All parties in the GNU agreed on the three key strategic priorities of the GNU, which constituted the Minimum Programme of Action of the seventh administration of government.
These include driving inclusive growth and job creation; reducing poverty and tackling the high cost of living; and building a capable, ethical, and developmental State.
“However, acknowledging the diversity of parties in the GNU, it is anticipated that from time to time, there will be disagreements in some policy areas, and in the implementation of the Minimum Programme of Action that will need to be resolved.
“To this effect, President Ramaphosa established the GNU clearing house mechanism, under the leadership of Deputy President Mashatile, to deal with these policy agreements and other disputes,” the statement read.
Meanwhile, the Presidency said the clearing house mechanism will not override Cabinet decisions, as the Cabinet remains the final decision-making body in government.
However, it will ensure that all GNU signatories develop a common understanding of critical policy matters.
In addition to the mechanism, the Presidency said it was resolved that a Technical Committee be further established. It will serve as a processing channel for matters of divergence within the GNU.
This means that this mechanism will establish the Political Leaders’ Forum of parties who signed the statement of intent.
In its statement on Wednesday, the Presidency said it was envisioned that the virtual first meeting of the GNU clearing house that parties will discuss and agree on the terms of reference for the clearing house mechanism.
Ahead of the meeting, Deputy President Mashatile said: “I am certain that with the first meeting of the clearing house, parties will find each other and that our collective commitment to serving all the people of South Africa will lead to greater accountability and will foster trust between the electorate and the political parties that form part of the GNU”. – SAnews.gov.za
Gabisile
Wed, 10/16/2024 - 15:30
112 views
Community Blocks R3-Million Park Project, Demands Public Participation
Tsomo residents and businesses say they were never consulted about the site
African Development Bank Appoints Dr Kennedy Mbekeani as Director General for East Africa
The African Development Bank Group (www.AfDB.org) has appointed Dr Kennedy K. Mbekeani as Director General for the East Africa Regional Development, Integration and Business Delivery Office, and Country Manager for Kenya, effective from 16 October 2024.
Mbekeani, a citizen of Malawi has over 25 years of senior experience in development finance, project management, policy advisory services, and knowledge generation at national and regional levels.
Prior to this appointment, he served as deputy director general for the Bank's Southern Africa Regional Development, Integration and Business Delivery Office. In this role he led the Bank's business development and delivery for sovereign and non-sovereign investments, and provided advisory services to South Africa, Lesotho, Botswana, Eswatini, Namibia and Mauritius. His efforts contributed to the Bank's reputation as a trusted partner for high impact development projects in the region. He also managed relationships with governments and the private sector.
Mbekeani joined the Bank in 2009 as Chief Trade and Regional Integration Officer. Subsequently he has held various roles including lead regional economist, officer in charge and acting regional director respectively of the Bank's South African Resource Centre. While serving as country manager for Uganda, he successfully expanded the Bank's portfolio to over $2 billion.
Before joining the Bank, Mbekeani worked for the United Nations Development Programme as a trade, debt and globalisation advisor for East and Southern Africa. He also served as senior research fellow at the Botswana Institute for Development Policy Analysis, and senior economist at the National Institute for Economic Policy in South Africa.
He holds a Bachelor of Social Science (Economics and Statistics) degree from the University of Malawi, an MPhil in Monetary Economics from the University of Glasgow, and both an MA and PhD in International Economics from the University of California. He has authored numerous publications focusing on trade, regional integration, and infrastructure development in Africa.
Commenting on his appointment, Mbekeani said: “I am grateful and feel honoured by the confidence President Adesina placed in me through this appointment, as Director General for the East Africa Regional Development, Integration and Business Delivery Office and country manager for Kenya. I look forward to working with the president, the Board of Directors, senior management, our teams and stakeholders to enhance the Bank's operational efficiency, effectiveness and drive impactful developmental outcomes across the region.”
President of the African Development Bank Group and Chairman of the Board of Directors Dr Akinwumi Adesina said: “I am delighted to appoint Dr. Kennedy Mbekeani as Director General for the East Africa Regional Development, Integration and Business Delivery Office, and Country manager for Kenya. Kennedy brings extensive experience in managing operations, policy dialogue, coupled with astute diplomacy and well-tested ability to work effectively with countries and development partners. His knowledge of the Eastern Africa region and well-proven experience in delivering robust operations for the public and private sectors will strongly benefit the work and operations of the African Development Bank Group in East Africa and all countries in the region.”
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Media Contact:
Olufemi Terry
Communication and External Relations
media@afdb.org
About the African Development Bank Group:
The African Development Bank Group is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org
VFS Global appointed to roll out Australian biometric collection centres in Sub-Saharan Africa
- Services to be rolled out at 12 locations in seven countries in Sub-Saharan Africa by February 2025
- VFS Global becomes the exclusive biometric collection service provider for Australian applicants in all the nine regions globally – Americas, Europe, Mekong, Middle East and North Africa, Pacific, South Asia, South East Asia, North Asia, Sub-Saharan Africa
- Core services include Biometric Collection and Identity Verification, Digital Assistance with online visa applications submission and Online Payment Assistance.
- Additional (as required services) include remote interview hosting, document and claim checking, paper digitisation and local addressing and document delivery.
The Department of Home Affairs, Australia has appointed VFS Global to provide biometric collection services for Sub-Saharan Africa. VFS Global is the world's leading outsourcing and technology service specialist for governments and diplomatic missions. This is in addition to the seven regions awarded in August 2023 to provide biometric collection services –the Americas, Mekong, Middle East and North Africa, North Asia, Pacific, South Asia and Southeast Asia. With the recent addition of Sub-Saharan Africa and Europe, VFS Global has become the exclusive biometrics collection service provider to Australian visa applicants across all nine regions globally.
The Sub-Saharan Africa region includes seven countries in total with Australian Biometric Collection Centre services to be rolled out at 12 locations in 13 countries by February 2025. This includes setting up Centres in Ethiopia, Ghana, Kenya, Nigeria, South Africa, Uganda and Zimbabwe.
According to the agreement, VFS Global's core services include Biometric Collection and Identity Verification, Digital Assistance with online visa applications submission and Online Payment Assistance on the Department's ImmiAccount portal. The company would also provide additional (as required services) such as remote interview hosting, document and claim checking, paper digitisation and local addressing and document delivery.
“We are pleased to extend our Agreement with VFS Global to include Europe and Sub-Saharan Africa. We will continue to work closely with VFS Global to ensure the delivery of high-quality biometric collection and visa support services for our visa applicants worldwide.” said Anthony Phillips, Director Offshore Service Delivery Partners Section, Department of Home Affairs.
“Securing these two regions is a testament to our dedication, expertise, commitment to excellence, and trusted partnership with the Department of Home Affairs, Australia. This decision not only reflects our ability to meet highest standards but also reinforces our resolve to deliver innovative solutions. Under the Department's guidance, we will continue to elevate the experience of Australian applicants across the world,” said Jiten Vyas, Chief Commercial Officer and Head of Business Development, VFS Global.
Distributed by APO Group on behalf of VFS Global.
Media Contact:
George Cherian
Corporate Communications
georgec@vfsglobal.com
About VFS Global:
As the world's leading outsourcing and technology service specialist, VFS Global embraces technological innovation including Generative AI to support governments and diplomatic missions worldwide. The company manages non-judgmental and administrative tasks related to applications for visa, passport, and consular services for its client governments, increasing productivity and enabling them to focus entirely on the critical task of assessment.
With a responsible approach to technology development, adoption and integration, the company prioritizes ethical practices and sustainability while serving as the trusted partner to 69 client governments. Operating over 3,400 Application Centres in 153 countries, VFS Global has efficiently processed more than 297 million applications since 2001.
Headquartered in Zurich and majority owned through investment funds managed by Blackstone Inc, along with the Swiss-based Kuoni and Hugentobler Foundation and EQT, VFS Global is committed to creating value for all stakeholders and leading in responsible, innovative solutions making government services more effective and efficient.
Milken-Motsepe Prize in Fintech Announces 10 Semifinalists
The Milken Institute and the Motsepe Foundation announced the 10 teams advancing to the Semifinalist Round of the Milken-Motsepe Prize in FinTech (https://apo-opa.co/3Y0GSEY), with each team receiving $100,000 in funding.
Responding to a global call for applications, this prize supports innovative solutions to expand access to tools necessary for financial inclusion across emerging and frontier markets.
The Semifinalists will participate in an Innovation Showcase at the Milken Institute's Middle East and Africa Summit December 5-6, 2024, in Abu Dhabi, UAE. During this event, the 10 teams will pitch their innovations to a panel of expert judges and investors, and three teams will be selected to move on to the final round of the prize. The judges will evaluate the pitches based on the teams' ability to deliver solutions that improve financial inclusion for under-resourced groups in emerging and frontier markets.
The prize will ultimately award $2 million in total prizes, including a $1 million Grand Prize. Following the December showcase, the Grand Prize will be awarded at the Milken Institute's Global Conference in Los Angeles, in May.
“By supporting these pioneering teams, we aim to foster financial inclusion and empower entrepreneurs who drive economic growth and opportunities in their communities,” said Emily Musil, senior director, Milken Institute. “Our prizes help identify, support, and celebrate talent to ignite the entrepreneurial spirit and empower visionaries to turn their ideas for a better future into reality.”
These teams operate in nearly 30 countries across three continents, and their innovations hold the potential for significant breakthroughs in financial inclusion for underserved communities on a global scale. Over the next four months, the Semifinalist teams will test and scale their solutions, which will be evaluated for impact, scalability, and sustainability.
The 10 Semifinalists:
AZA Finance (https://AZAFinance.com), Kenya
Team lead: Caroline Shiku Njathi
AZA Finance is a B2B FinTech company offering businesses low-cost, efficient, and secure financial services, including payments, currency exchange, and treasury, across all major currencies.
Chapa (https://Chapa.co), Ethiopia
Team lead: Nael Teklehaimanot
Chapa is an online payment gateway company with a developer-friendly API that simplifies integrating payment processing into websites and applications for Ethiopian businesses.
Chumz (https://Chumz.io) Kenya
Team lead: Sam Njuguna
Chumz is a gamified savings product that leverages behavioral psychology to help individuals save at low cost.
Farmpawa (www.Farmpawa.com), Uganda
Team lead: Moses Eteku
Farmpawa is a crowd farming platform that connects investors with real farming assets, empowering farmers and driving sustainable agricultural growth.
Flow Global (www.FlowGlobal.net), United Kingdom
Team lead: Michael Rothe
Flow Global is a liquidity engine that helps retail merchants grow in the digital economy by addressing all of their working capital needs.
Paycloud by Lipa Later (https://LipaLater.com/), Kenya
Team lead: Eric Muli
Paycloud is a digital banking platform that addresses late payments in Africa by offering seamless payment processing, payment splitting, automated invoicing, and financial tools.
Nyla Bank (www.NylaBank.com), Ghana
Team lead: Mubarak Sumaila
Nyla Bank is building Africa's first digital Islamic bank with a goal of empowering 1 billion people with innovative, Shariah-compliant products and services that align with ethical principles.
Oze (https://GetOze.com), Ghana
Team lead: Meghan McCormick
Oze is a digital lending platform that bridges Africa's credit gap by providing banks with a small and medium-sized enterprise- (SME) focused app that digitizes financial data, enabling risk assessment and lending to small businesses.
Trade Lenda (https://TradeLenda.com), Nigeria
Team lead: Adeshina Adewumi
Trade Lenda is a banking platform tailored to SMEs, where loans can be accessed within one to six hours, and micro-savings can be achieved for business goals.
Verto (www.VertoFX.com), United Kingdom
Team lead: Rachel Coombs
Verto is a business-to-business cross-border payments platform for businesses in emerging markets, powered by a unified network that eliminates intermediary fees, handles 49 currencies, and settles transactions faster.
Learn more about the Milken-Motsepe Prize by navigating to https://MilkenMotsepePrize.org/. Contact Mala Persaud at mpersaud@milkeninstitute.org for more information.
Distributed by APO Group on behalf of The Milken-Motsepe Innovation Prize Program.
Notes to Editors:
For further information or to request interviews with the semi-finalists, please send requests or queries to the media contact below.
Media Contact:
Ima Peter
+27 11 268 6388
ima.peter@razorpr.co.za
About the Milken Institute:
The Milken Institute is a nonprofit, nonpartisan think tank focused on accelerating measurable progress on the path to a meaningful life. With a focus on financial, physical, mental, and environmental health, we bring together the best ideas and innovative resourcing to develop blueprints for tackling some of our most critical global issues through the lens of what's pressing now and what's coming next. For more information visit https://MilkenInstitute.org.
About the Motsepe Foundation:
The Motsepe Foundation was founded in 1999 by Dr. Patrice Motsepe and his wife, Dr. Precious Moloi-Motsepe. The goal of the Motsepe Foundation is to contribute towards eradicating poverty and to sustainably improve the living conditions and standards of living of poor, unemployed, and marginalized people in South Africa, Africa, and the world. In January 2013, Dr. Patrice Motsepe and Dr. Precious Moloi-Motsepe joined the Giving Pledge, which was started by Warren Buffet and Bill and Melinda Gates. Dr. Patrice Motsepe and his wife committed to give half of their wealth to the poor and for philanthropic purposes during their lifetime and beyond.
President Ramaphosa calls for urgent action on Mogale City sewage crisis
President Ramaphosa calls for urgent action on Mogale City sewage crisis
President Cyril Ramaphosa has called for immediate action to address the escalating water and sanitation crisis in the Mogale City Local Municipality, following reports of untreated sewage being discharged into local water systems.
This comes after the publication of a News24 article on 13 October 2024 on the sewage crisis in Mogale City, which has been verified as "broadly accurate" by the Department of Water and Sanitation (DWS).
Speaking during a media briefing on Wednesday, Presidential spokesperson Vincent Magwenya said the President finds recent media reports on the discharge of untreated sewage in Mogale City Local Municipality gravely concerning.
“It is absolutely unacceptable that the situation has been allowed to reach such untenable levels, costing business sustainability, jobs and livelihoods.
“President Ramaphosa wants the situation addressed as a matter of urgency and in the process, wants those responsible for such a state of decline to be held accountable,” Magwenya said.
Since 2019, DWS has issued multiple notices and directives to Mogale City Municipality under the National Water Act, instructing it to address the sewage pollution. However, these directives have been ignored, prompting the DWS to lay criminal charges against the municipality for sewage pollution in August 2023.
The department is currently working with law enforcement to investigate the case and compile a docket.
President Ramaphosa expressed grave concern about the severe risks the pollution poses to public health, agriculture, economic activity, and the environment.
“For the President, this situation poses a serious risk to human health, agriculture, economic activity and the environment. The sewage pollution from the municipality is adversely impacting the Cradle of Humankind which is a UNESCO World Heritage Site,” Magwenya said.
In response, President Ramaphosa has written to Gauteng Premier Panyaza Lesufi, urging him to engage with the municipality under section 139 of the Constitution.
“The President urged the Premier to work with the Municipality in ensuring that all measures are taken to urgently address the situation. Key amongst these measures is to ensure that the Percy Steward wastewater treatment is repaired and restored to full functionality,” Magwenya said.
The Presidential spokesperson added that this may require partnership with business in the area, which should be explored. – SAnews.gov.za
DikelediM
Wed, 10/16/2024 - 15:16
89 views
Applied Artificial Intelligence (AI) And Deep Tech Innovations Take Centre Stage
Expand North Star 2024 (www.ExpandNorthStar.com), the world's largest startup and investment event, continued its journey of innovation on its third day at Dubai Harbour. Attendees from around the world witnessed revolutionary advancements in Applied AI and Deep Tech, demonstrating how these technologies are disrupting industries and solving complex global challenges.
Integrated with GITEX GLOBAL, Expand North Star runs until 16 October, providing a powerful platform for over 1,800 exhibiting startups and more than 1,200 investors managing assets exceeding USD $1 trillion.
Applied AI and Deep Tech Innovations Redefine Healthcare and Space Innovation
Day three was a showcase of next-generation solutions in robotics, AI, and deep tech, providing a glimpse into the future of these sectors.
Cutting through the noise were innovative startups such as China's RoboCT with their innovative exoskeleton technology, launching the UGo Rehab Exoskeleton, specifically designed for patients with lower-limb dysfunction, spinal cord injury, strokes, or cerebral palsy. Dr. Tian Wang, Founder and CEO of RoboCT Group, stated, "UGo enhances the rehabilitation process and delivers an effective walking training solution by integrating advanced sensors, data analysis, and research, empowering patients to rehabilitate more effectively at home."
On the digital health frontier, JADE introduced a platform tailored for neurodivergent children, including those with ADHD, down syndrome, and autism. The app's sophisticated tracking of eye movements, cognitive response times, and memory functions equips healthcare professionals and educators with precise data to create personalised care and learning strategies.
Meanwhile, scanO, a pioneering Indian-born deep tech company, is leading the way in developing generative AI models for predicting disease progression. The company showcased its flagship product, scanO air—the world's first contactless AI-powered robotic system for oral health screening—revolutionizing early detection and diagnosis.
In space technology sector, Triggers-Reports from Mauritius introduced Triggers-sat, a satellite platform that provides high-resolution imaging and 3D modeling to assist businesses and governments in areas such as natural resource management and climate risk disaster monitoring.
Rising International Participation from Asia and Latin America
As the global innovation hub, Expand North Star continues to see international participation rise, showcasing how regions and countries are pushing boundaries with novel solutions.
Tatiana Riera, COO of ApexBrasil, highlighted Brazil's expanding presence at Expand North Star: "From just 20 startups in 2019, we have expanded to 45 startups this year, along with four innovation hubs. Brazil is a great hub for fintech because of the diversity in social levels, so most of our unicorns come from fintech. We also focus a lot on Deep Tech, AI, and climate tech solutions since we have six biomes and need to take care of them. We have a company that uses natural foam to build soundproof material for construction and another company building silent tractors that run on renewable energy."
Similarly, Singapore's SGTech made a noteworthy debut at Expand North Star, emphasizing the importance of cross-border collaboration in driving tech-driven solutions forward. Alex Ng, Exco Member, SGTech said: "Singapore's innovative startups are making a significant impact at Expand North Star 2024, with six outstanding companies exhibiting under the Singapore Pavilion. These companies showcase cutting-edge technologies across various sectors, including digital twins, industrial AI and biotech, with the event serving as a groundbreaking global launchpad for startups to foster valuable networking with investors."
Africa's Path to Economic Growth
With global participation continuing to flourish, the spotlight also turned towards Africa, where burgeoning tech ecosystems are paving the way for a new wave of entrepreneurs and innovators. H.E. Savannah Maziya, Minister, Ministry of Information, Communications & Technology, Eswatini, alongside other thought leaders, emphasised the importance of structured development to tackle unique market challenges and unlock Africa's economic potential.
Celina Lee, CEO & Co-Founder, Zindi, South Africa, highlighted the trend of talent returning to Africa to start companies and create ecosystems that foster innovation and attract global corporations like Microsoft to set up labs in Ghana and Nairobi.
Speaking on the challenges facing Africa, Olatunbosun Alake, Honorable Commissioner, Ministry of Innovation, Science and Technology, Lagos State Government, Nigeria, said, "The greatest challenge in Africa is education. In Nigeria, if you look at the most educated parts, they show economic value, whereas in the north, where education levels are not as high, economic productivity is lower. There needs to be an African Renaissance of education funding across the board because if you drive education, educate, and enlighten people, people will change the environment.”
Across its four-day span, Expand North Star continues to shed light on the future of industries through defining events such as GITEX Impact, Fintech Surge, Future Blockchain Summit, and Marketing Mania. These events underscore how emerging technologies are transforming the way we live and are also playing a pivotal role in reshaping the future.
Distributed by APO Group on behalf of Expand North Star.
Media Contact:
Tayce Marchesi, PR Manager, DWTC | tayce.marchesi@dwtc.com
Ahmad Khalloudi, Account Manager, Seven Media | ahmadkhalloudi@sevenmedia.ae
Doyin Odulana, Senior PR Manager, Seven Media | adedoyinodulana@sevenmedia.ae
Follow Expand North Star on Social Media:
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Hashtag: #ExpandNorthStar
About Dubai World Trade Centre (DWTC):
A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is home to the region's leading purpose-built convention and exhibition centre. DWTC provides a platform for connecting people, products, innovation and ideas from around the world through a dynamic calendar of international trade exhibitions and its own roster of sector leading mega events. As a designated free zone, complemented by award-winning commercial real estate, DWTC plays an integral role in Dubai and the region's growth story. Since its inauguration, DWTC has hosted over 6,000 events, with an estimated economic output of AED 248 billion, attracting over 38 million business visitors to Dubai.
How Government Abandoned a Multi-Million-Rand Community Dairy Farm
After catastrophic floods, Minister Nomakhosazana Meth introduced a mysterious investor to the farm without any due diligence
Confirmed Speakers for the 3rd International African Energy, Oil, and Gas Summit 2024
African Peace Magazine UK (https://AfricanPeace.org/) is honoured to announce the distinguished line-up of speakers for the 3rd International African Energy, Oil, and Gas Summit, set to take place from October 23rd to 25th, 2024, at Hilton, Windhoek, Rev. Michael Scott Street, Windhoek, Namibia. This summit brings together some of the most influential leaders, industry experts, and change-makers in the energy sector across Africa. These individuals have significantly shaped their respective industries and will contribute profound insights into Africa's energy future. The Charity Golf Tournament and other Tour activities would commence from the 26th to the 30th of October 2024. The Speakers are;
- Hon. Justice Suleiman Galadima (JSC, OFR, CFR, Rtd) – Chairman of the Board, African Peace Magazine UK
Hon. Justice Galadima is a revered figure in Nigeria's legal community, having served as a Justice of the Supreme Court of Nigeria. He is known for his unwavering commitment to justice and governance in Africa. As Chairman of African Peace Magazine, Justice Galadima plays a critical role in fostering dialogue around peace, security, and development across the continent.
- HRH Sir David Serena-Dokubo Spiff – Ada IX, Paramount Ruler of Spiff Town, Bayelsa State
HRH Sir David Serena-Dokubo Spiff is a prominent traditional leader from Bayelsa State, Nigeria. His deep commitment to the socio-economic advancement of his people and his influence on the region's energy and resource management make him a vital voice at the summit. He actively advocates for responsible management of natural resources in his community.
- Dr. Martha Namundjebo-Tilahun – Chairperson, United Africa Group, Namibia
Dr. Martha Namundjebo-Tilahun is a powerful figure in Namibia's business sector and beyond. As the Chairperson of United Africa Group, she has been a driving force behind several large-scale projects in hospitality, real estate, and renewable energy. Her leadership in advancing Africa's energy landscape and sustainable development strategies is exemplary.
- Abiola Metilelu – CEO, PressPayNG
Abiola Metilelu leads PressPayNG, a groundbreaking fintech company that offers education financing solutions. Under his leadership, PressPayNG is bridging the financial gap for students across Nigeria, directly impacting the education and energy sectors by creating a more skilled workforce for the future.
- Dr. Udochu Ogbonnaya – Executive Director, Green Energy International Ltd (GEIL)
A visionary in Nigeria's oil and gas industry, Dr. Udochu Ogbonnaya is shaping the future of sustainable energy in Africa. As the Executive Director of GEIL, he drives innovation in the extraction and development of energy resources while maintaining a focus on environmental responsibility.
- Mrs. Frieda Tunyoleni Amuela – Extractive Industry Law Expert
Mrs Amuela is a respected expert in the legal frameworks governing Africa's extractive industries. Her insights into compliance and legal challenges in oil and gas operations have made her a sought-after voice in regulatory discussions. Her work ensures that Africa's natural resources are managed with accountability and transparency.
- Mr. Immanuel Mulunga – Former MD, National Petroleum Corporation of Namibia (NAMCOR)
Mr. Mulunga is a seasoned expert in Namibia's oil and gas industry, having held key leadership roles, including serving as Managing Director of NAMCOR. His deep understanding of petroleum resource management in Namibia and his strategic leadership have had lasting impacts on the country's energy landscape.
- Engr. Chukwuemeka Woke – Director-General/CEO, National Oil Spill Detection and Response Agency (NOSDRA)
Engr. Woke leads NOSDRA, Nigeria's primary agency responsible for monitoring and responding to oil spills. His efforts in promoting environmental sustainability in the face of oil extraction activities have been instrumental in safeguarding Nigeria's ecological future.
- Professor Geoffrey Shakwa – Founder & MD, Anti-Corruption Education Consultancy
Professor Shakwa is a staunch advocate for anti-corruption measures in Africa, having founded the Anti-Corruption Education Consultancy. His work aims to educate and promote transparency, which is critical for sustainable development in Africa's energy sectors.
- Mr Tassius Chigariro – Chief Executive Officer, Old Mutual Namibia
Tassius Chigariro heads Old Mutual Namibia, a leading financial services company. His strategic expertise in investments and financial management has made Old Mutual a key player in supporting economic growth in Namibia and throughout Africa's energy sectors.
- Dr. Joseph Tolorunse – Authority Secretary and Legal Adviser, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)
Dr. Tolorunse brings a wealth of knowledge in regulatory frameworks, ensuring Nigeria's midstream and downstream petroleum sectors operate within best practices and international standards. His work strengthens Nigeria's position as a key player in the global energy market.
- Olusegun Ilori (Esq) – Executive Director, Green Energy International Ltd (GEIL)
A legal expert in energy law, Olusegun Ilori has been instrumental in shaping GEIL's business strategy, ensuring compliance with global energy regulations while advocating for sustainable practices.
- Engr. Sunday Babalola – Executive Director, Green Energy International Ltd (GEIL)
Engr. Babalola's expertise in engineering and operations has been pivotal to GEIL's success in executing oil and gas projects with a focus on innovation and sustainability.
- Alh. Auwalu Abdullahi Rano (OON) – Founder & CEO, A.A. Rano Nigeria
Alh. Rano is a prominent entrepreneur in Nigeria's oil and gas sector, with his company, A.A. Rano, being a leading player in petroleum marketing and distribution. His business acumen has significantly contributed to Nigeria's energy supply chain.
- Prof. Anthony Adegbulugbe – CEO, Green Energy International Ltd (GEIL) & Former SA to the President of Energy
Prof. Adegbulugbe is a renowned energy expert with a wealth of experience in energy policy and management. As CEO of GEIL, he is at the forefront of pushing Africa towards a greener energy future.
- Dr. Martin Harris – Senior Geosciences Researcher, University of Namibia
Martin Harris is a leading geoscientist in Namibia, focusing on energy resource exploration and development. His research and contributions have enhanced the understanding of Namibia's geological wealth.
- HRM Makitu III – Kingdom of Kongo, Angola
As the traditional ruler of the Kingdom of Kongo, HRM Makitu III is a respected leader who advocates for the preservation and responsible use of natural resources within his kingdom, including energy resources that are key to Angola's economic development.
- Engr. Wole Ogunsanya (FNSE) – Chairman/CEO, Geoplex Drillteq Limited
Engr. Ogunsanya leads Geoplex Drillteq, a company offering cutting-edge drilling solutions for Africa's oil and gas industry. His leadership in innovation has made Geoplex a leader in the sector, offering technological solutions that enhance efficiency. Engr. Wole Ogunsanya is the current Chairman of the Petroleum Technology Association of Nigeria. PETAN is an association of Nigerian Indigenous Technical Oilfield service companies in the upstream and downstream. PETAN is the primary trade and advocacy association of the oil and natural gas industry in Nigeria, representing nearly 100 members involved in various aspects of petroleum.
- Mr. Tarah N. Shaanika – CEO, Namibia Asset Management
Tarah Shaanika oversees Namibia Asset Management, a leading investment company in Namibia. His experience in financial management and investment has propelled the company into playing a crucial role in funding energy and infrastructure projects in Namibia.
- Aggrey Ashaba – General Manager, Alliad, Uganda
Aggrey Ashaba is a business leader with deep expertise in the oil, gas, mining, and energy sectors. As General Manager of Alliad in Uganda, he plays a key role in driving the country's energy strategy, focusing on sustainable development.
- Daniel Tuyoleni Williams – CEO, Mind Space Consults
Williams is a respected business consultant whose firm, Mind Space Consults, provides strategic insights and advisory services in energy and business development across Africa, helping companies navigate complex markets and regulatory environments.
- Alh. Saleh Baba Rano
A key player in Nigeria's oil and gas sector, Alh. Saleh Baba Rano has been instrumental in the growth and development of the sector, bringing strategic insights and leadership to discussions around energy in Africa.
- Abimbola Okoya – Founder, Basic Education Africa
Abimbola Okoya is a passionate advocate for education in Africa, founding Basic Education Africa to provide accessible learning opportunities to underserved communities. Her work directly impacts the future of Africa's workforce, particularly in the energy and technology sectors.
- Professor Jude Osakwe – Faculty of Computing and Informatics, Namibia University of Science and Technology
Professor Jude Osakwe is a prominent academic and researcher with a focus on Data Governance, Data Analytics, ICT in Education, and ICT for Development (ICT4D). He holds various professional certifications in project management, big data analytics, business intelligence, and digital marketing. His extensive research work and involvement in international conferences make him a vital contributor to discussions on the integration of ICT into development strategies across Africa. Professor Osakwe's dedication to bridging the gap between theory and practical implementation of ICT solutions has positioned him as a respected figure in the academic and business sectors.
- M. Jinot Razafimamonjy – Director of Hydrocarbons, Ministry of Energy and Hydrocarbons, Madagascar
M. Jinot Razafimamonjy serves as the Director of Hydrocarbons in Madagascar's Ministry of Energy and Hydrocarbons. His leadership in managing the country's hydrocarbon resources has been instrumental in driving economic growth and ensuring sustainable development in the energy sector. His participation at the summit will provide critical insights into Madagascar's approach to energy management and its vision for the future of its oil and gas industry.
- S P Jika Ogbeche – Assistant Comptroller General (ACG), Air Nigeria Immigration Service (NIS)**
S P Jika Ogbeche holds a senior leadership role within the Nigeria Immigration Service, overseeing the Air Border Division. His extensive experience in managing Nigeria's air borders and contributing to national security efforts will bring a unique perspective to discussions on energy security and the role of governance in the sector.
- Engr. Farouk Ahmed – Authority Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)
Engr. Farouk Ahmed is at the helm of Nigeria's NMDPRA, playing a critical role in regulating and ensuring the sustainable development of Nigeria's midstream and downstream petroleum sectors. His leadership has been instrumental in modernizing the regulatory framework, promoting investment, and ensuring energy security in one of Africa's most important energy markets.
- Dr. Lloyd C. Williams – United States of America
Dr. Lloyd C. Williams is an esteemed expert in the fields of energy and sustainability, hailing from the United States. With a distinguished career marked by contributions to both the public and private sectors, Dr. Williams is dedicated to advancing clean energy initiatives and fostering innovation in oil and gas. His global perspective will add invaluable insights into the discussions at the summit.
- Mr. Tassius Chigariro – Chief Executive Officer, Old Mutual Namibia
As the CEO of Old Mutual Namibia, Mr. Tassius Chigariro is a key figure in the financial services sector, driving initiatives that support sustainable investments in energy and infrastructure. His experience in leading one of Africa's most reputable financial institutions positions him as an influential voice in the intersection of energy finance and economic development.
- Cydolian Raveloson – Acting Director General, Madagascar Hydrocarbons Office
Cydolian Raveloson is the Acting Director General of Madagascar's Hydrocarbons Office, where he plays a pivotal role in managing the country's energy resources. His efforts are focused on ensuring the efficient exploitation and management of Madagascar's oil and gas reserves, contributing to both the nation's economic growth and energy security.
These esteemed speakers join an already impressive lineup, including leading figures from government, academia, and the private sector, all dedicated to advancing Africa's energy future. Their participation is set to elevate the summit's discussions, fostering meaningful collaborations and forward-thinking strategies.
"The diverse group of speakers at the upcoming IAEOG Summit 2024 reflects our heartfelt commitment to inspiring discussions that lead to tangible outcomes. These industry leaders are passionate about finding ways to alleviate poverty, create job opportunities, and enhance our GDP. Together, we envision a transformative event that enlightens the public and fosters collaborative efforts, ultimately driving meaningful change for the betterment of our communities."- Chairman Hon. Justice Suleiman Galadima JSC, CFR, OFR (Rtd.)
Distributed by APO Group on behalf of African Peace Magazine.
For more details on the full list of speakers, agenda and for sponsorship, participation, partnership, Exhibition and speaking opportunities and all other enquiries please contact:
Florek or Liana
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email: florekharris@africanoilandgassummit.com
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Special Investigating Unit: cracking down on corruption
Special Investigating Unit: cracking down on corruption
The Special Investigating Unit (SIU) has closed more than 1900 cases during the 2023/24 financial year.
The unit also handed over 26 comprehensive reports to President Cyril Ramaphosa on the outcomes of investigations.
“These reports include, amongst others, the investigations about the National Lotteries Commission, Passenger Rail Agency of South Africa (PRASA), the Masters' Office, and National Student Financial Aid Scheme (NSFAS). These reports reflect the SIU’s dedication to transparency and accountability in the fight against corruption.
“The SIU has referred evidence for the institution or defence/opposition of civil proceedings worth R4.8 billion. This includes, amongst others, matters regarding R2 billion from Eskom, R834 million from Transnet, R29.1 million from the eThekwini Metropolitan Municipality and R48.4 million from the City of Cape Town,” the unit said in a statement.
The unit has conducted lifestyle audits at PRASA, the Gauteng Office of the Premier, and the Free State Department of Community Safety, Roads, and Transport.
The SIU said it was committed to partnering with other law enforcement agencies to combat corruption.
“The SIU recognises the importance of collaboration in the fight against corruption. In line with the SIU Act, 583 criminal referrals were made to the National Prosecuting Authority, ensuring accountability prosecution of officials, private entities and individuals involved in corrupt activities.
“These referrals reflect the unit’s ongoing efforts to ensure consequences for those who engage in corruption, maladministration and fraud. To ensure accountability for government officials involved in wrongdoing, SIU referred 297 officials to respective state institutions for disciplinary action,” the statement read.
The corruption busting unit is now within the fifth year of its turnaround strategy and has vowed to keep up the fight against criminality.
“[We] remain resolute in our mission to combat corruption, fraud, maladministration and malpractice in the public sector.
“The next five-year strategy will build on the successes of the previous strategy and focus on developing and implementing the National Corruption Prevention Strategy and implementing best practices, including cyber and data analytics, and further business process digitisation programmes,” the statement said. – SAnews.gov.za
NeoB
Tue, 10/15/2024 - 13:13
323 views
African Development Bank and Absa Unveil Multi-Billion Rand Financial Package to Expand Sustainable Capital Markets, Boost Economic Growth for Women and Youth
The African Development Bank (www.AfDB.org) and Absa Group, one of Africa's leading financial services providers, today celebrated a landmark agreement to mark the execution of a transformative financial package aimed at increasing funding for underserved segments, across South Africa and the continent. The target audience includes women-owned businesses, youth entrepreneurs, and small and medium-sized enterprises (SMEs).
In addition to enhancing Absa's regulatory capital, the facility will promote access to finance, deepen domestic capital markets, and ensure continued access to global supply chains for issuing banks in regional member countries, including low-income and fragile states.
The financial package includes:
- A subordinated sustainability-linked (Tier 2) loan amounting to R1.7 billion, complemented by a non-financial support package of R18 million for capacity building and technical assistance targeted at SMEs, youth, and women-owned enterprises.
- Subscription of R1 billion into Absa's inaugural social (Tier 2) bond issuance, with proceeds earmarked for providing affordable housing loans to female homeowners.
- A trade finance Risk Participation Agreement (RPA) facility valued at $150 million, designed to underwrite the risks of trade transactions originated by African issuing banks, reinforcing Absa's role as a regional bank.
Several components of the package have already been executed, including the successful issuance of Absa's first Tier 2 social bond on the Johannesburg Stock Exchange in July 2024. The R1 billion proceeds from this bond will be allocated towards affordable housing loans specifically targeting women, empowering them as first-time homeowners in low-income segments.
Leila Mokaddem, Director General of the African Development Bank's Southern Africa Region, stated: “This partnership with Absa Group underscores our commitment to driving sustainable and inclusive economic growth across Africa. Through this financial package, we are not only fortifying Absa's capital base but also ensuring that essential funding reaches women, youth, and entrepreneurs, fostering a more equitable and prosperous continent. This collaboration aligns seamlessly with our strategic priorities of supporting Africa's industrialization and enhancing the quality of life for its people. “
Absa has secured a R1.7 billion sustainability-linked Tier 2 loan aimed at general corporate business purposes while incentivizing the extension of finance products to women-owned SMEs as a key performance indicator. As part of this agreement, Absa is collaborating with the African Development Bank to enhance skills among both Absa staff and women business owners. A capacity-building training program has been launched to address the unique challenges faced by female and youth entrepreneurs, by providing mentorship and financial solutions.
Charles Russon, Absa Group interim CEO designate remarked: “The finalisation of this package concludes a three-year process that significantly enhances our capacity to fund social initiatives aligned with our commitment to being a force for good. This partnership enables us to increase funding for women and youth in South Africa while facilitating greater trade opportunities across the continent. “
“This partnership aligns with the African Development Bank's strategic objectives of advancing green, social, and sustainability instruments in the domestic capital markets, supporting African capital market development and regional financial integration,” said Ahmed Attout, Director of the Financial Sector Development Department at the African Development Bank. He emphasised that it is designed to empower Absa to effectively disburse funds for highly impactful social and sustainable economic development initiatives.
The $150 million trade finance facility will drive trade support across Africa, addressing the continent's annual trade finance gap of over $100 billion. This initiative will enhance access to financing for key sectors such as agriculture, transport, and manufacturing, while fostering financial sector development and regional integration.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Contact:
African Development Bank:
Natalie Naudé,
Communication and External Relations Department,
email: media@afdb.org
Technical Contacts:
Peter Onyango,
Chief Capital Markets Officer,
Financial Sector Development Department,
Bleming Nakati,
Regional Lead,
Private Sector Operations, Southern Africa
Absa:
Carli Cooke,
Head of Media Relations,
email : prmedia@absa.afrca
About the African Development Bank Group:
The African Development Bank Group is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org
About Absa Group:
Absa Group Limited (‘Absa Group') is listed on the Johannesburg Stock Exchange and is one of Africa's largest diversified financial services groups. Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance.
Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia. Absa also has offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
For further information about Absa Group Limited, visit www.Absa.africa.
Deadline looms to upgrade Nelson Mandela Bay prepaid electricity meters
Deadline looms to upgrade Nelson Mandela Bay prepaid electricity meters
Nelson Mandela Bay Municipality has urged prepaid electricity customers to update their meters before the November 2024 deadline.
This, as the municipality started the process of updating prepared electricity meters in April 2022.
The programme is being implemented in phases to replace the old KNR1 meters with the new KNR2 system.
The municipality’s Electricity and Energy Portfolio Head, Zanele Sikawuti, commended customers for updating more than 146 921 meters to date.
She urged the remaining customers to join the programme, as the current devices will expire on 24 November 2024.
The directorate is employing various strategies, including door-to door visits, call centre assistance, and an enhanced communication drive to reach the thousands of residents who have not yet updated their meters.
A total of 1 263 meters were updated between 9 September and 4 October 2024.
“However, we still have 169 868 meters that need to be updated, including those that have been tampered with, damaged, or are faulty. We continue to urge all residents and business owners with prepaid electricity meters to update their meters before the current devices expire in November 2024,” Sikawuti said.
Sikawuti reiterated the municipality’s commitment to delivering an uninterrupted power supply to customers and ensured that the 24 November 2024 deadline would cause minimal disruption to electricity provision for all customers who purchase electricity.
She urged residents to cooperate with the municipal teams and be at home when they visit.
“Ward councillors have the information on when our teams will visit wards and residents must allow us access to their homes. The refusal of access has been a challenge and, while we understand there are various reasons for this, our teams are clearly identified as municipal workers.
“It is critical for customers to update their meters. After the deadline, they might be able to buy electricity, but tokens will not be accepted by the outdated meter,” Sikawuti said. – SAnews.gov.za
GabiK
Mon, 10/14/2024 - 10:44
1726 views
Rosatom Accelerates African Nuclear Development
Russia's state-owned nuclear corporation Rosatom has joined the African Energy Week (AEW): Invest in African Energy conference – scheduled for November 4-8 – as a gold sponsor. The sponsorship aligns with the corporation's ambitions to strengthen its presence in Africa and follows a strong of deals forged with various African countries in the fields of nuclear power development, knowledge sharing and mining.
Currently, there is a surge in nuclear energy adoption in Africa, with projects targeting 15 GW of operational capacity by 2035, the Nuclear Business Platform estimates. Over 10 African countries are looking to embrace nuclear energy, the majority of which are leaning on global partnerships such as those fostered with Rosatom to accelerate project development. Rosatom's return to AEW: Invest in African Energy reflects its growing intention to support projects in Africa.
AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.
Rosatom signed an agreement with the Republic of Congo – which has ambitions to enhance the adoption of nuclear energy - in July 2024. The deal will see the parties collaborate on the peaceful utilization of nuclear energy and hydroelectric power. This aligns with the Republic of Congo's efforts to diversify its energy mix beyond oil, leveraging Rosatom's expertise to improve energy access.
The agreement followed the signing of an MoU with Guinea-Conakry in June 2024 to cooperate on the development of floating nuclear power plants. The corporation currently operates the world's only floating co-generation nuclear power plant – Akademik Lomonosov - and aims to construct an additional 7 facilities worldwide. Suitable for remote regions with undeveloped or unreliable power grids, floating nuclear offers a range of benefits for African countries. As a small nuclear power plant, the facilities provide access to clean and affordable power for hard-to-reach communities, offering an environmentally-friendly energy option with 24/7 operational capacity. The agreement with Guinea-Conakry will see Rosatom construct floating nuclear plants, equipped with RITM-200 reactors. Power will be used to support industrial and domestic consumption.
Rosatom also signed an agreement with Burkina Faso's Ministry of Energy, Mines and Quarries for the construction of a nuclear power plant in the country. Construction will be complete by 2025 with the project expected to double Burkina Faso's power production by 2030. The deal also features a clear roadmap to enhance the country's nuclear power adoption, including the establishment of a regulatory framework for nuclear energy.
In addition to nuclear power development, Rosatom is driving nuclear energy capacity building and training across Africa. The company aims to utilize its expertise in the industry to support human capital development across the continent, with various programs in place to achieve this goal. In South Africa – the continent's only nuclear power producer – Rosatom signed an agreement with the state-owned power utility Eskom for a nuclear action plan for the period 2024-2026. The plan comprises joint education initiatives, joint degree programs and workforce training. South Africa plans to continue utilizing nuclear power to fulfil both its domestic and industrial needs. Recently, the Koeberg station – accounting for 5% of South Africa's power supply – has been approved to run for an additional 20 years. The Rosatom-Eskom plans aims to support this by equipping the workforce with the requisite skills and capacities.
To support nuclear production in Africa, Rosatom is also advancing uranium mining across the continent. The company plans to start mining uranium in Namibia by 2029, with plans in place to complete the prospecting and exploration phase of the Wings Project by 2026. At a total investment of $500 million, the project will produce 5,000 metric tons of uranium per year.
“Rosatom represents a strong partner for Africa's nuclear industry. The company is focused on supporting the construction of nuclear energy facilities while concurrently scaling up capacity building, mining activities and regulatory support. Nuclear has the potential to transform the continent's power landscape and with partners like Rosatom, Africa is well positioned to tap into this growing market,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.
Distributed by APO Group on behalf of African Energy Chamber.
Ex-Eskom official convicted of fraud and corruption
Ex-Eskom official convicted of fraud and corruption
Former Eskom Safety Risk Officer Thandi Ruth Magagula has been convicted of fraud and corruption in relation to the fraudulent awarding of contracts at the power utility.
According to the National Prosecuting Authority, Magagula pleaded guilty to seven counts of corruption and two of fraud.
She was subsequently convicted in the Middelburg Specialised Commercial Crimes Court under Section 17(1) of the Prevention and Combating of Corrupt Activities Act 12 of 2004.
“The offences stem from contracts valued at over R58 000 awarded to a company named Mantoza Engineering Projects CC during the period between April 2015, while Eskom employed Magagula and simultaneously served as a director of Mantoza Engineering Projects.
“Magagula failed to disclose her financial interest in the company to Eskom's management and continued to conduct business with the public entity while holding a directorship position,” the NPA said in a statement on Monday.
The matter has been postponed to 24 October for sentencing.
“This behaviour violated laws governing public officials and Eskom's conflict of interest policies During plea proceedings, Magagula was convicted in line with her admissions of guilt confirming her role in the corrupt activities.
“The NPA views this conviction as a significant step in the fight against corruption, particularly within critical public entities like Eskom. The NPA remains committed to holding individuals accountable for corrupt practices, reinforcing public service integrity,” the prosecutorial body concluded.
Last week Cabinet welcomed the arrest of six engineering firm directors accused of Black Economic Empowerment fronting and tender fraud of R400 million at Eskom and Sasol.
READ | Cabinet welcomes crime fighting efforts
– SAnews.gov.za
NeoB
Mon, 10/14/2024 - 13:05
132 views
Improved sentiment is rooted in real economic progress – President
Improved sentiment is rooted in real economic progress - President
With just over 100 days since the members of the Government of National Unity were sworn into office, President Cyril Ramaphosa says the county has witnessed a marked increase in confidence in the direction of the country.
In his weekly newsletter, the President noted that South Africans across various sectors were increasingly supporting government’s efforts, which is reflected in recent opinion polls.
One of the polls conducted by Ipsos revealed that the proportion of participants who believe the country is on the right track has doubled since the last surveys were conducted in April and June this year.
“There is also rising confidence in our country’s economic growth prospects by business and local and international investors. This was evident in the engagements I recently had with business leaders in Beijing and New York, and that Deputy President Paul Mashatile had with business leaders in London,” the President said.
In September, the Bureau of Economic Research and Rand Merchant Bank published its first Business Confidence Index since the formation of the new administration. It pointed to “cautious optimism” about improving business conditions in key economic sectors. It said improved electricity supply and political certainty following the elections had likely contributed to this improved business confidence.
“Sentiment is more than a ‘warm and fuzzy’ feeling. It is made possible by real developments in the economy and the country. Business confidence goes beyond discussion in boardrooms and conference halls.
“It is about the interest that is shown in our economy by all investors, both local and offshore. Sentiment has a direct impact on people’s lives as it can manifest itself in increased investments that can result in job creation,” the President said.
President Ramaphosa stressed that this rising confidence would have a tangible impact on the country’s fiscal health.
“Improved investment sentiment will benefit our country’s fiscus. A stronger economic outlook will improve South Africa’s credit rating, which in turn will facilitate greater access to global capital markets and lower our borrowing costs.
“When we spend less money on debt servicing costs, government has more space to increase its expenditure on building public infrastructure and providing education, healthcare, basic services and social support,” the President said.
President Ramaphosa noted that improved sentiment had strengthened the currency, lowering the cost of imports like oil, which in turn reduces fuel prices and the overall cost of living for South Africans.
“Increased business confidence attracts higher levels of private investment in the economy. When investors are more optimistic about their business prospects, they are more likely to invest more capital and expand their existing operations. Improved confidence also encourages the start-up of new businesses.
“More business activity creates more jobs and opportunities for our people. As businesses grow, they need to hire more employees and are able to increase wages,” the President said.
President Ramaphosa explained that when people feel secure in their jobs and income, they spend more, boosting economic activity and increasing government revenue.
He attributed the improved sentiment to the successful transition to the new administration, which enjoyed broad support and ongoing reforms that were addressing key economic and social challenges.
Another key development has been the country’s successful efforts to resolve the energy crisis.
“The country has had more than 200 days without load shedding. This has made a considerable difference to the lives of citizens and the operations of businesses. This work has also unlocked unprecedented levels of investment in the energy sector,” President Ramaphosa said.
Reforms in the logistics sector were also gaining momentum, with improvements in the operational performance of the nation’s port and rail networks. These advances are expected to boost not only economic activity but also the everyday lives of South Africans.
While President Ramaphosa acknowledged that economic growth has yet to accelerate, he expressed optimism that the government was laying a solid foundation for long-term progress.
“It is still early days for the Government of National Unity. The growth of our economy is still to pick up pace. However, a firm foundation is being laid, our growth prospects are being revised upwards and we are heading in the right direction,” the President said.
The President concluded by emphasising the importance of maintaining this momentum.
“It is clear that the improved confidence of the South African people and the positive sentiment among investors are well-founded.
“Our task now is to work together to further encourage hope and optimism by making a real and substantial difference in the lives of all South Africans," he said. – SAnews.gov.za
DikelediM
Mon, 10/14/2024 - 11:29
48 views
Telecoming Partners With Movement Empire to Deliver Premium Online Workout Content in South Africa
Telecoming (www.Telecoming.com), sportech company specializing in developing and distributing mobile experiences for sports and entertainment, is excited to announce a strategic partnership with The Movement Empire, the world's most immersive online exercise platform. This agreement will enable the distribution of Movement Empire's on-demand workout content through major mobile operators in South Africa, reinforcing Telecoming's strong presence in the South African market, where it has been operating since 2015.
The Movement Empire, known for its comprehensive range of online bodyweight workouts, is dedicated to empowering individuals to achieve their fitness goals through innovative and engaging workouts that require no equipment. Their content, which spans from low-impact, reduced intensity sessions through to high intensity interval training (HIIT) as well as yoga inspired sessions, which are designed to inspire users at all fitness levels to lead active and healthy lives.
This partnership aligns with Telecoming's Sportech strategy, which is focused on expanding its home fitness division. By integrating The Movement Empire's premium content into its offerings, Telecoming continues to demonstrate its commitment to the South African market and its belief in the potential of local productions. The partnership underscores Telecoming's dedication to providing high-quality, locally relevant content that resonates with South African audiences.
"We are thrilled to partner with The Movement Empire, a brand that shares our vision for innovation in sports and fitness content. This collaboration is a significant step forward in Telecoming's strategy to enhance our Sportech offerings in South Africa. We believe that Movement Empire's dynamic content will be highly appreciated by users across the country," said Roberto Monge, Chief Business Officer at Telecoming.
"We appreciate Telecoming's trust in The Movement Empire and we look forward to bringing our immersive fitness content at scale to a South African audience through their strong mobile distribution network. This partnership allows us to reach more individuals who are eager to embrace a healthier lifestyle, and we couldn't be more enthusiastic about the possibilities ahead," said Ben Wagner, CEO of The Movement Empire.
Since entering the South African market in 2015, Telecoming has consistently adapted its services to meet the needs and preferences of local users. This new agreement not only expands the company's content portfolio but also contributes to the growth of the South African digital ecosystem by providing users with access to top-tier sports and fitness content.
Distributed by APO Group on behalf of Telecoming.
Press Contact Telecoming:
Bárbara González
barbara@bgdiez.es
M. +34 603 578 65
About Telecoming:
Telecoming is a sportech company specializing in developing and distributing mobile experiences for sports and entertainment. The firm has been deploying monetization technologies in partnership with telcos since 2008. Telecoming is currently present in 18 countries. Its portfolio includes the official licenses of the leading soccer clubs in Europe and Africa, as well as the main competitions of 12 sports disciplines. Leader in the digital content economy since its foundation, the company has been recognized by the London Stock Exchange as one of Europe's most inspiring organizations. In addition, it is one of Europe's fastest-growing companies, according to Morningstar's 5000 Inc. ranking. For more information, please visit: www.Telecoming.com
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