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You are here: Home / Archives for business

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13 August 2024

African Energy Chamber (AEC) Condemns Dialogue Earth’s Brash Attempt to Use an African Voice to Demonize African Oil and Gas

Location: News
African Energy Chamber

Independent non-profit organization Dialogue Earth has been accused of attempting to mobilize a smear campaign against Africa's largest refinery - the 650,000 barrels per day Dangote Refinery. The NGO allegedly contacted Nigerian journalist David Hundeyin to produce an article stating that the refinery raises questions about the country's climate ambitions while assessing the implications of increased fossil fuel utilization in Nigeria. In a statement released on X, Hundeyin highlights the article for what it is: an attempt by a western NGO to use an African voice to endorse energy poverty in Africa.

Representing the voice of the African energy sector and a strong advocate for African voices, the African Energy Chamber (AEC) strongly condemns the dirty tactics employed by Dialogue Earth to hire Africans and use them to destroy their own oil and gas industry. The AEC has long-promoted the critical role oil and gas plays in driving economic development and advancing clean-fuel utilization in Africa. Projects such as Dangote – Nigeria's first large-scale refinery – stand to transform West Africa by reducing the reliance on imported fuel, increasing the availability of clean and locally-sourced petroleum while creating jobs and business opportunities. The Dialogue Earth campaign is a clear demonstration of how the west is demonizing the industry and preventing any meaningful progress to alleviate energy poverty in Africa.

Dialogue Earth allegedly offered Hundeyin USD $500 to write the article, with the brief highlighting several contradictions and areas of concern. Firstly, Dialogue Earth allegedly shared that the purpose of the article was to identify the environmental implications of the Dangote Refinery on Nigeria, particularly within the context of the country's energy transition. However, Nigeria has strongly advocated for the role oil and gas plays in its transition, advocating for a just transition whereby the country can reduce emissions in a way that protects the economy and reduces energy poverty. As one of the biggest oil producers in Africa, Nigeria considers oil and gas to be central to creating the conditions by which the country can transition. As the industry grows, it will generate revenue, strengthen economic activities while promoting low-carbon fuel production.  As such, the refinery plays an intrinsic part in the Nigerian energy transition, despite what Dialogue Earth is attempting to state.

Secondly, the brief allegedly includes objectives such as investigating the environmental consequences of the refinery within the context of its adherence to emission standards. As Hundeyin so aptly writes in his statement, Nigeria has long-faced that challenge of relying on imported petroleum, owing largely to the lack of facilities such as Dangote. This has led to West African fuel cargoes – refined internationally ­– featuring toxic waste and sulfur content that is 200 times the European legal limit. Through the Dangote Refinery, Nigeria will not only be able to reduce its reliance on imported petroleum but put in place clear restrictions regarding sulfur content, thereby promoting environmental protection. Yet Dialogue Earth doesn't seem to care about toxic fuel, only that a refinery that will transform West Africa is put to rest.

The story also aims to explore the geopolitical implications of Nigeria's growing oil industry and the motivations of the refinery. This is ironic given the lack of recognition by Dialogue Earth to the critical role the refinery plays in developing the economy, contributing to global fuel stability while strengthening the energy industry in Nigeria. This attempted smear campaign shows that NGOs such as Dialogue Earth are only advocating for climate change when it suites them and that they have no problem keeping Africa in the dark, using African voices to do so.

“The AEC fully supports Hundeyin and commends him for standing up against Dialogue Earth. We are wholly against a western NGO trying to use African voices to advance their own biased agenda. The attempt to get a well-known Nigerian journalist to effectively endorse such a smear campaign shows a cowardly approach by the western NGO to try and destroy the African oil and gas industry, all because they can't do it with their own names or organizations,” stated NJ Ayuk, Executive Chairman of the AEC. 

The recent attempt by Dialogue Earth is just one of the many attempts by western-based and funded NGOs to stop oil and gas projects in Africa. From the East African Crude Oil Pipeline in Uganda to offshore exploration in South Africa to LNG projects in Mozambique, such organizations appear committed to restricting access to energy in Africa.

“We have seen how African crude oil has been treated, how funding for Mozambique LNG has been treated, how the west has constantly attacked South Africa as it tries to develop it its natural gas and how they have constantly attacked other gas projects and cut off financing. These tactics are hurtful to African development, our fight against energy poverty and to young people that want to build strong democracies,” added Ayuk.

Distributed by APO Group on behalf of African Energy Chamber.

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African Energy Chamber
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Read moreAfrican Energy Chamber (AEC) Condemns Dialogue Earth’s Brash Attempt to Use an African Voice to Demonize African Oil and Gas
13 August 2024

President Ramaphosa to officiate signing of the Presidential Health Compact

Location: News

President Ramaphosa to officiate signing of the Presidential Health Compact

President Cyril Ramaphosa will on Thursday, 15 August 2024, preside over the signing of the second Presidential Health Compact at the Union Buildings in Pretoria.

The second compact follows the 2023 Presidential Health Summit which built on the inaugural summit of 2018 and brought together several stakeholders. 

These include government, business, labour, civil society, health professionals, unions, service users, statutory councils, academia, and researchers to develop sustainable and inclusive solutions to challenges in the national health system. 

According to the statement, the stakeholders involved in the Presidential Health Compact are integral to supporting the Department of Health in improving the health system.

The Presidential Health Compact initially consisted of nine pillars with the tenth pillar added during last year’s summit. 

These include the development of human resources, improving access to medicine, vaccines and health products, upgrading infrastructure, private sector engagement, quality healthcare, public sector financial management improvements, governance and leadership, community engagements, information systems and pandemic preparedness. – SAnews.gov.za
 

Gabisile
Tue, 08/13/2024 - 10:29

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Read morePresident Ramaphosa to officiate signing of the Presidential Health Compact
12 August 2024

Entrepreneurship can be used to lift more women out of poverty, says President

Location: News

Entrepreneurship can be used to lift more women out of poverty, says President

President Cyril Ramaphosa has emphasised that through stronger collaboration between government and business, along with the backing of labor and civil society, entrepreneurship can be a powerful tool to lift more women out of poverty.

The President said this in his weekly newsletter to the nation on Monday.

“With greater collaboration between government and business, together with the support of labour and civil society, we can use entrepreneurship to lift more women out of poverty. We can create more jobs for women and help more women secure their financial freedom,” the President said.

President Ramaphosa said the private sector is playing an important role in guiding these entrepreneurship journeys through start-up incubators, women entrepreneurship awards and programmes such as the Youth Employment Service.

With the help of the Social Employment Fund and others, government is enabling women entrepreneurs to employ workers and provide mentorship to trainees.

“There is much more that the private sector can do. Access to financial resources, including credit lines, is vital to the viability of women-owned businesses.

“Another important area is access to tools of financial inclusion like bank accounts and mobile money and payment technologies. It will be critical to broaden the reach of financial services to include women in the informal sector and in rural areas.

“Empowering women contributes to thriving economies, spurs productivity and boosts economic growth,” President Ramaphosa said.

Last week, the country commemorated the Women’s March to the Union Buildings on 9 August 1956. This historic protest by more than 20 000 South African women was a response to the cruel and dehumanising practices of the apartheid regime.

READ | Parliament committed to advancing gender equality

Thirty years into democracy, the President highlighted that government has made impressive strides in advancing gender equality across society, however we still have a long way to go in broadening women’s economic participation.

This is borne out by a recently published Gallup study titled ‘Gender Power in Africa’. The report analyses the disparities and imbalances that shape the lives of women in five African countries, including South Africa.

South Africa ranks the highest of the countries surveyed with respect to the rate of female participation in political decision-making, low rates of child marriage, and the participation and completion rates of girls in primary and secondary education.

However, of the countries surveyed, South Africa has the highest rate of unemployed women and women not in the workforce. The percentage of South African women considered to be self-employed or entrepreneurs is the lowest, at 5%.

“In this respect, we lag behind the rest of the continent. According to the World Economic Forum, women constitute 58% of self-employed people across Africa.  

“In a country such as ours, with a high unemployment rate, entrepreneurship is an important tool to empower more women and broaden their participation in the economy. This includes in the informal sector, which accounts for 18% of total employment in the country,” the President said.

WATCH | 

Through its various departments and entities, the President highlighted that the State provides financial support to women to enable them to start their own businesses and to sustain existing businesses.

Women-owned businesses are also able to access training in business and project management, IT and other skills.

“We have set a target to allocate at least 40% of public procurement spend to women-owned businesses. In 2021, we launched a Women’s Economic Assembly to enable women-owned enterprises to participate in local industry value chains. Since its inception this programme has yielded promising results in a number of key economic sectors, notably the automotive sector,” he said.

He further highlighted that government is striving to expand women’s access to economic activity through land ownership, enabling female farmers to own land through the state’s land redistribution programme and supporting them with equipment and other agricultural inputs.  

“From citrus farmers in the North West, cooperatives making affordable school furniture in KwaZulu-Natal, to cosmetics companies and tech start-ups in the Western Cape, women-owned enterprises all across the country are benefiting from an integrated approach to supporting small businesses,” the President said. – SAnews.gov.za 
 

DikelediM
Mon, 08/12/2024 - 10:15

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Read moreEntrepreneurship can be used to lift more women out of poverty, says President
12 August 2024

Gauteng police net over 900 suspects

Location: News

Gauteng police net over 900 suspects

Police in Gauteng have arrested over 900 suspects in the high-density Operation Shanela carried out under the leadership of the Gauteng Provincial Commissioner, Lieutenant General Tommy Mthombeni.

The arrested suspects were involved in a wide range of serious crimes, including murder, attempted murder, rape, business robbery, drug dealing, possession of drugs, assault, hijacking, and possession of unlicensed firearms and ammunition.

The collaborative effort involved multiple law enforcement agencies, including the Department of Home Affairs, Department of Correctional Services, Gauteng Traffic Police, Tshwane Metropolitan Police Department (TMPD), Gauteng Crime Prevention Wardens, Community Policing Forum and private securities.

Commencing on Saturday, the weekend operation included strategic roadblocks and targeted raids focused on capturing wanted suspects.

During the operation, over 600 suspects wanted for various crimes were apprehended by detectives across the province, with 117 arrests related to gender-based violence.

The Provincial Commissioner took charge of the roadblock in Mamelodi East and West in the Tshwane District, where violent crimes such as murder, assault, hijacking and robbery are prevalent.

Parallel high-density operations were conducted across all districts, resulting in the apprehension of multiple suspects engaged in criminal activities.

In the Tshwane district, 43 suspects were arrested for driving under the influence of alcohol, 79 were illegal immigrants, two were involved in drug dealing, one was nabbed for employing illegal immigrants, one for dealing in illicit cigarettes and 10 unlicensed liquor outlets were closed for non-compliance with regulations.

The high-density operation will persist until a significant crime reduction is achieved in Gauteng.

The apprehended suspects will appear before various provincial Magistrates' Courts. – SAnews.gov.za
 

Edwin
Mon, 08/12/2024 - 10:16

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Read moreGauteng police net over 900 suspects
12 August 2024

TT Waterproofing: Protecting Gauteng Properties from the Dangers of Water Damage

Location: MyPR

Pretoria, South Africa — In the ongoing battle against moisture intrusion, TT Waterproofing, a market leader in roofing and waterproofing systems, is committed to providing homeowners, business managers, and industrial property owners in Gauteng with effective solutions to safeguard their investments. With over nine years of experience in the industry, TT Waterproofing offers a range …

Read moreTT Waterproofing: Protecting Gauteng Properties from the Dangers of Water Damage
12 August 2024

Real Success South Africa set to stun audiences

Location: MyPR

The Real Success Network is thrilled to bring Real Success South Africa to Johannesburg; an event which is guaranteed to inspire and ignite. Brian Walsh, Founder and Chief Visionary of The Real Success Network, explains that the event brings together the cream of international speakers, along with leaders from the local speaking circuit. Each has …

Read moreReal Success South Africa set to stun audiences
11 August 2024

Crafting Unique Designs for Your Business’s Cups and Straws

Location: MyPR

The design of your business’s cups and straws can significantly influence customer perception and satisfaction. Innovative designs not only serve functional purposes but also contribute to your brand’s identity and customer loyalty.    The Importance of Unique Straw Designs Straws are often overlooked, but they play a crucial role in the customer experience. Eco-friendly paper …

Read moreCrafting Unique Designs for Your Business’s Cups and Straws
11 August 2024

President Ramaphosa pays tribute to women

Location: News

President Ramaphosa pays tribute to women

President Cyril Ramaphosa has paid tribute to South Africa’s women, saying that they have played their part in building the country.

“We salute their resilience and their dignity,” he said on Friday.

Addressing the Women’s Day celebration at the Dennis Nel Stadium in Pofadder, Northern Cape, President Ramaphosa said each year on Women’s Day, government commemorates the historic march of more than 20 000 women to the Union Buildings on 9 August 1956. The women were protesting against the pass laws of the apartheid era.

“Today, as we celebrate 30 years of freedom and democracy, we should take stock. We should reflect on how far we have come, and we should deliberate on the challenges that stand in the way of the emancipation of South Africa’s women.”

President Ramaphosa said to move forward as a country, the nation must understand its past.

“South Africa remains a highly unequal country. Poverty still has the face of a black woman. Black women are more likely to be unemployed, to be poor and to be unskilled.

“Apartheid broke up families. Men were recruited as migrant labourers, leaving women and children behind to fend for themselves. Young girls were brought up for marriage. They did not go to school. They were confined to the home.

“Over 30 years, through the struggles of women, we have done much to improve the status and circumstance of South African women. We have built on the struggles of many decades.”

Rights and freedoms

The President said that women now have the right to vote.

“They have the right to equal work for equal pay. They have the right to equality before the law. We have made great progress in providing for the protection of mother and child. As the Women’s Charter demands, we have worked to provide proper homes for all. But much is still to be done.

“Women in South Africa enjoy rights and freedoms under our Constitution. They benefit from progressive legislation. Women today are significantly represented in Parliament, in government and in the judiciary.

“Women in South Africa enjoy the right to quality healthcare, including reproductive health care. Millions of South African women are supported every month with social grants to enable them to care for their families and support their children,” the President said.

The President also added that South Africa has one of the highest rates of female literacy “in our region.” 

“There is parity between girls and boys in primary school enrolment.  Female learners achieve more bachelors passes. Young women make up the majority of students in higher education institutions.”

Improving the lives of women 

President Ramaphosa said that government has prioritised women and youth in its public employment programmes. This, as around 66% of participants in the Presidential Employment Stimulus are women.

“Yet, we still have much further to go. As the Government of National Unity, we are united across the political spectrum by our common commitment to improve the lives of South African women. 

“To grow our economy and accelerate development, women must take their rightful place as active participants in the economy.  Women must be business owners, producers, employers and employees.”

To support this effort, in 2021 government launched the Women’s Economic Assembly.

The Assembly aims to secure procurement opportunities for women-owned businesses in different industries.

Through the Women’s Economic Empowerment Programme approximately 8000 women have been trained to establish and manage businesses.

“With funding from government and development finance institutions, we are increasing the support provided to women-owned enterprises,” said President Ramaphosa.

Government is also working to ensure that more women can own land, especially in rural areas. 

This is so that they can farm and have assets they can use to build and grow businesses. - SAnews.gov.za 

Edwin
Fri, 08/09/2024 - 13:28

296 views
Read morePresident Ramaphosa pays tribute to women
11 August 2024

Optimizing Business Efficiency with Advanced Document and Practice Management Systems

Location: MyPR

In today’s fast-paced business environment, efficient management of documents, tasks, and processes is crucial for organizational success. Companies across various industries are increasingly turning to advanced software solutions to streamline operations and enhance productivity. This comprehensive guide explores the key aspects of document management, practice management, and related systems, highlighting their importance and benefits for …

Read moreOptimizing Business Efficiency with Advanced Document and Practice Management Systems
11 August 2024

Mia Le Roux wins Miss South Africa

Location: News

Mia Le Roux wins Miss South Africa

Twenty-eight year-old Mia Le Roux has won the Miss South Africa title at glitzy event held at the Sun Bet Arena in Pretoria.

According to the Miss South Africa website, Le Roux she was born in Sasolburg, Free State and raised in Oudtshoorn in the Western Cape. 

“She is a marketing manager, model and part-time B Com Marketing student. She was diagnosed with profound hearing loss at the age of one and her community rallied behind her to give her the gift of hearing; inspiring her desire to make a positive impact and break barriers. She describes herself as resilient, dedicated, graceful and kind,” the website said.

In a post on Saturday night on the social media platform X, Minister of Sport, Arts and Culture Gayton McKenzie said: “Congratulations to our South African Queen Mia le Roux. I know you will represent us well at Miss Universe.”

The Miss South Africa pageant describes itself as a leadership platform for ambitious young South African women. 

“Through a pageantry process, contestants receive world-renowned coaching in addition to advanced networking, business and life skills. Shaped into brand ambassadors for our country, they become champions of women’s rights, thought leaders and savvy career women who inspire other young South Africans to fulfil their potential, recognise their self-worth and find their place in the world,” the website said. - SAnews.gov.za 

nosihle
Sun, 08/11/2024 - 12:03

48 views
Read moreMia Le Roux wins Miss South Africa
10 August 2024

KD Strategies named Most Impactful Strategic & Operational Support Company 2024

Location: MyPR

Johannesburg – 8 August 2024 – The MEA Markets African Excellence Awards have named KD Strategies South Africa’s most impactful strategic and operational support company of the year. The prestigious MEA African Excellence Awards acknowledge outstanding business performance across the continent. This is the second consecutive year that KD Strategies has received recognition, having earned …

Read moreKD Strategies named Most Impactful Strategic & Operational Support Company 2024
10 August 2024

How 24/7 Telephone Answering Services Enhance Business Communication and Customer Satisfaction

Location: MyPR

Introduction In today’s fast-paced world, where customer expectations are higher than ever, businesses are constantly challenged to remain accessible and responsive. A 24/7 telephone answering service represents a pivotal solution in maintaining this vital connection. This comprehensive guide explores the benefits of implementing a 24/7 answering service, enhancing customer interactions, and ultimately driving business growth. …

Read moreHow 24/7 Telephone Answering Services Enhance Business Communication and Customer Satisfaction
8 August 2024

Africa’s Energy Sector to Litigate Banks and Financiers for Financial Apartheid in Oil and Gas Sector

Location: News
African Energy Chamber

In recent years, several Western banks and financial institutions have implemented policies aimed at reducing support for fossil fuel projects, especially in Africa. This has led to a sharp decline in investment in the continent's oil and gas industry, a sector that is crucial for its economic future and energy needs. The African Energy Chamber (AEC) (https://EnergyChamber.org) argues that these institutions are practicing “financial apartheid,” arguing that while similar projects receive support in Europe, Africa's high-cost energy projects are being neglected.

The decline in investment is already having a noticeable impact, exacerbated by global shifts towards cleaner energy and prioritizing of ESG practices. Major international oil companies are reducing their presence in Africa. For instance, Equinor has withdrawn from offshore exploration in South Africa and ExxonMobil has exited a deep-water oil prospect in Ghana. This decline is contributing to a bleak outlook for Africa's energy sector.

“As the international community moves to boycott investments in the African energy sector, African people and African development stand to suffer,” says NJ Ayuk, Executive Chairman of the AEC. “The role of oil in Africa's energy and economic future is apparent, and consequently, should be defended as Western elites move to disrupt African progress.”

The broader implications of financial divestment are profound. Many African governments rely on fossil fuels as a cost-effective means to alleviate energy poverty and boost state revenues. However, the increasing pressure on financial institutions to cut funding for high-carbon projects creates uncertainty about the future of Africa's energy sector.

The International Energy Agency (IEA) has added to these challenges with its calls to cease funding for oil and gas projects, highlighting a disparity: while natural gas is considered a ‘green' energy source for Europe, it does not receive the same treatment in Africa. According to Ayuk, “The IEA has lost its relevance and its authority.” Originally focused on managing oil supply disruptions, the IEA now prioritizes policies aimed at achieving net-zero emissions by 2050. Its 2019 projection that no new investments in oil, gas, or coal are needed if the world continues on this path has been particularly controversial.

Several key African projects are at risk due to the withdrawal of financial support. Significant initiatives like TotalEnergies' Mozambique LNG project, ExxonMobil's Rovuma LNG project, Nigeria's Train 7 LNG expansion, Senegal's Sangomar oil field, Uganda's Tilenga project and the East African Crude Oil Pipeline (EACOP) require substantial financing to advance.

Despite these setbacks, some projects are progressing. TotalEnergies is advancing its $20 billion Mozambique LNG project, aiming to develop the Golfinho and Atum fields with a production capacity of 12.88 million tonnes per year. Eni's Coral South FLNG project in Mozambique has achieved a production capacity of 3.4 million tonnes per year. Additionally, the Greater Tortue Ahmeyim (GTA) LNG project, which started gas production in November 2022, is being developed by bp, Kosmos Energy and the national oil companies of Senegal and Mauritania. This project includes an FLNG facility with an initial capacity of 2.5 million tonnes per year.

Meanwhile Nigeria's Train 7 project, an expansion of the existing NLNG facility on Bonny Island, aims to boost production by 8 million tonnes per year, bringing the total to about 30 million tonnes per year. This development is crucial for Nigeria's growing population and its ability to meet its energy needs.

However, delays persist. The Tanzania LNG project, involving Equinor and Shell, is stalled due to proposed government changes. UTM Offshore's FLNG project in Nigeria, initially planned for 2023, has been postponed. Additionally, the EACOP faces significant criticism from financiers and environmental groups, complicating its development and financing.

Namibia, experiencing heightened interest from recent oil discoveries, is facing delays with the Kudu Conventional Gas Development. The Kudu Gas Project, an offshore initiative, has faced setbacks related to financing and project development challenges. As a result, the project is still pending FID and anticipated to commence production by 2026.

“Today, African Energy Poverty numbers are skyrocketing. Nine hundred million Africans lack access to clean cooking technologies, while 600 million lack access to electricity, most of them women. African families are facing high energy cost and inflation is going up,” Ayuk emphasizes. “It is shocking that financial institutions that do business in Africa continue to practice financial apartheid by cutting off capital and financing to oil and gas companies operating in Africa because of climate concerns. These same institutions fund gas development in Europe, where natural gas is deemed green and a fossil fuel for Africans.”

The disparity in financing not only undermines Africa's ability to harness its natural resources for its development but also perpetuates a cycle of energy deprivation. The AEC urges a re-evaluation of this approach and calls on global financiers to support Africa's energy projects, recognizing their critical role in advancing economic development, enhancing energy security, and improving living standards across the continent.

Distributed by APO Group on behalf of African Energy Chamber.

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African Energy Chamber
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Read moreAfrica’s Energy Sector to Litigate Banks and Financiers for Financial Apartheid in Oil and Gas Sector
8 August 2024

New sales at Renishaw Coastal Precinct spark massive economic reawakening of KZN Mid-South Coast

Location: MyPR

New shopping centre and filling station planned for the precinct Recent sales at 1 300-hectare Renishaw Coastal Precinct have set off a chain reaction of development that will benefit local businesses, surrounding communities and outside investors, further igniting the economic reawakening of the KZN Mid-South Coast. On the morning of Wednesday, 7 August 2024, stakeholders …

Read moreNew sales at Renishaw Coastal Precinct spark massive economic reawakening of KZN Mid-South Coast
8 August 2024

Africa Tech Festival 2024 Showcases Women Tech and Telecoms Leaders, Aims to Positively Impact Africa’s Information and Communications Technology (ICT) Gender Gap

Location: News

Africa Tech Festival
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When the 27th edition of Africa Tech Festival (https://AfricaTechFestival.com) kicks off on 12 November at the Cape Town International Convention Centre in South Africa, the spotlight will be on the exceptional women shaping the future of technology and telecoms in Africa. With August marking the celebration of Women's Month in the host country, the event will proudly showcase many of the women leaders driving growth and innovation across the sector.

Taking place from 12 to 14 November, Africa Tech Festival 2024 incorporates AfricaCom, AfricaTech, AfricaIgnite, and The AI Summit Cape Town, which will welcome a cumulative 15,000 visitors, more than 400 speakers, and over 300 exhibitors as it explores enterprise tech innovation and disruption across key sectors such as artificial intelligence, cybersecurity, cloud and data centres, and green ICT.

As the continent's leading platform for technology innovators, specialists, and thought leaders, Africa Tech Festival 2024's agenda includes several prominent female leaders who are making a significant contribution to the industry. Their expertise and insights will provide invaluable perspectives on the challenges and opportunities within the sector.

Key speakers include:

  • Faith Burn, Chief Information Officer, Energy and Utilities, Eskom Holdings SOC (View profile) (https://apo-opa.co/4ddn7Ap)
  • Nollie Maoto, Group Compliance Chief Data and Analytics Officer, FirstRand (View profile) (https://apo-opa.co/4d5MvYZ)
  • Kerissa Varma, CISO, Vodacom Group (View profile) (https://apo-opa.co/3Adtmpr)
  • Funke Opeke, CEO, MainOne (View profile) (https://apo-opa.co/3WRoGOR)
  • Mary Mahuma, CIO, Southern Africa, Philip Morris (View profile) (https://apo-opa.co/4dbGUk3)
  • Motunrayo Opayinka, Founder and CEO, Womenovate (View profile) (https://apo-opa.co/4dd1iRP)

“Africa Tech Festival provides the continent's tech ecosystems with a unique platform from which to collaborate and drive positive change. Building a more inclusive, sustainable world means uniting the world's most inspirational founders, business leaders, policymakers, investors, and rising stars, so we are delighted to see so many inspirational female tech executives featured in this year's speaker line-up. As we celebrate Women's Month, we look forward to their unique insights and contributions,” said Informa's James Williams, Event Director of Africa Tech Festival.  

Organisers are confident that the presence of these female industry leaders at Africa Tech Festival will provide impetus to efforts by the industry to be more inclusive, highlighting the opportunities available to women in various sectors, providing insights for women wishing to embark on tech and telecoms careers, and showcasing the successes and contributions of women making their mark within the industry.

“Events such as Africa Tech Festival provide a platform for women to network and to gain exposure to more accomplished women in tech. These role models provide inspiration to women starting out in their careers that they can break the glass ceiling,” said Funke Opeke, CEO, MainOne, who will be participating in the ‘Big Tech and Telcos: Collaborating on Digital Infrastructure Investment' keynote panel.

Speaking on the importance of mentorship for women entering the industry, Mary Mahuma, CIO, Southern Africa, Philip Morris said, “As a female industry leader, I see mentorship as a necessary reminder of our social responsibility to be empathetic, driven, inclusive, and resilient leaders. I am fortunate to have a female mentor who has significantly influenced my leadership style, thinking, and understanding of corporate dynamics and culture.” Mary will be a panellist on the ‘Nurturing Talent and Bridging Skills Gap: Building a Future-Ready Workforce in the Age of AI' panel.

“Women's contributions are significantly transforming the telecoms and technology landscape in Africa through innovation, leadership, and advocacy. Their contributions are not only advancing the industry but also driving social and economic development across the continent. By fostering innovation, supporting entrepreneurship, and advocating for inclusive policies, these women are transforming the tech landscape in Africa,” added Motunrayo Opayinka, Founder and CEO, Womenovate. Motunrayo will share her insights on the ‘Educational Equity Through AI: Tools for Advancing Education in Underserved Areas' panel. 

In addition, EQL:LOUNGE creates a space for women in tech to connect directly, and engage in meaningful dialogue, with high-calibre speakers in intimate settings hosting panel discussions, keynote addresses, and fireside chats. Taking place the evening before the event opens, InspiringFifty Africa is a prestigious awards ceremony focusing on recognising the top fifty women making significant strides within the African tech ecosystem.

Register now to secure your spot and join us in shaping the future of technology in Africa: https://AfricaTechFestival.com

In a special Women's Day offer, Africa Tech Festival is offering a 15% discount on Platinum Passes until midnight on 16 August. Passes can be purchased via this link, using the code NWD15 - https://apo-opa.co/3SAYyFh

Distributed by APO Group on behalf of Africa Tech Festival.

About Africa Tech Festival: 
Africa Tech Festival, including anchor events AfricaCom, AfricaTech, AfricaIgnite & The AI Summit Cape Town is part of the Informa Tech Connecting Africa event series.  

A vibrant celebration of Africa's diverse community of tech champions, Africa Tech Festival is the largest tech and digital connectivity conference and exhibition in Africa, attracting hundreds of exhibitors, more than 400 speakers and more than 15,000 delegates. 

Read moreAfrica Tech Festival 2024 Showcases Women Tech and Telecoms Leaders, Aims to Positively Impact Africa’s Information and Communications Technology (ICT) Gender Gap
8 August 2024

Reclaiming Withholding Tax for Businesses and Investors

Location: MyPR

Introduction Navigating the complexities of global taxation is a crucial aspect for businesses and investors who operate across international borders. Withholding tax (WHT), a common feature in cross-border transactions, often represents a significant financial consideration. This comprehensive guide explores effective strategies for reclaiming withholding tax, understanding double taxation treaties (DTTs), and utilising essential forms like …

Read moreReclaiming Withholding Tax for Businesses and Investors
8 August 2024

Consistent electricity supply ‘a step closer’

Location: News

Consistent electricity supply 'a step closer'

Consistent electricity supply in South Africa is now “one step closer” due to the diligent and dedicated implementation of the Energy Action Plan (EAP).

This is according to Minister in The Presidency, Khumbudzo Ntshavheni, who on Thursday briefed members of the media on the outcomes of the Cabinet meeting held on Wednesday.

The country has not experienced load shedding for more than 130 days.

“The supply of consistent electricity is now a step closer due to the steadfast implementation of the EAP announced by President Cyril Ramaphosa in July 2022. The EAP’s consistent focus on planned maintenance and work to achieve energy security by bringing onboard new generation capacity has contributed greatly to consistent power supply and no load shedding over several months. 

“This is an important enabler for economic growth and has a positive impact on quality of life, allowing citizens to continue with their daily activities unhindered,” the Minister said.

She highlighted that at the end of July, Eskom had recorded an unplanned capability loss factor (UCLF) of 8321 MW, signalling a historic milestone in the improvement of electricity generating at its power stations.

“Cabinet congratulated Eskom on achieving this important milestone and urged South Africans to continue adopting an energy saving lifestyle to protect our national grid. By doing, so we all play our part in helping to keep the lights on, which is crucial to business, industry and the economy,” Ntshavheni said. – SAnews.gov.za

NeoB
Thu, 08/08/2024 - 12:12

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Read moreConsistent electricity supply ‘a step closer’
8 August 2024

Strong female leadership will have a positive impact on the South African narrative

Location: MyPR

Despite the fact that South Africa is going through a significant political transition, our democracy remains a shining beacon of hope on a continent where a democratic process is desperately needed in many countries. This cannot have been achieved without the sacrifices made by strong political leaders who have fought hard to build our democracy. …

Read moreStrong female leadership will have a positive impact on the South African narrative
8 August 2024

Extortion war shuts down schools and businesses in Cape Town

Location: News

A letter, apparently written by gangsters in Philippi, warns they will kill Somalis if extortion fees are paid to their rivals

Read moreExtortion war shuts down schools and businesses in Cape Town
7 August 2024

President Ramaphosa’s public programme for August

Location: News

President Ramaphosa's public programme for August

Fresh off the formation of the Government of National Unity (GNU) and the delivery of the Opening of Parliament Address, President Cyril Ramaphosa will embark on several local and international duties this month.
 

The President’s public programme for the next month was released by Presidential Spokesperson Vincent Magwenya during a media briefing on Wednesday.

The President  is set to visit Angola for a working visit on Thursday, 8 August.

“The two heads of state will use the occasion of the working visit to reflect on the bilateral relationship between the two countries, who share very deep historical ties that are rooted in the liberation struggle against colonialism and apartheid. 

“The leaders will also share perspectives on issues of regional mutual interest, including the situation in the DRC [Democratic Republic of Congo] and on regional and continental efforts aimed at resolving the conflicts that are plaguing the continent. The President will be accompanied by the Minister of International Relations and Cooperation, Ronald Lamola and the Minister of Defense, Angie Motshekga,” Magwenya said.

Wednesday, 13 August 2024
President Cyril Ramaphosa is expected to meet with Cabinet members, senior business leaders, and technical experts from government and business to discuss a new era of collaboration for a partnership launched over a year ago to address barriers to growth in South Africa.

Thursday, 15 August 2024
President Cyril Ramaphosa, will host a public signing of the Health Compact. The signing of  the compact is expected to be held at the Union Buildings in Pretoria, at 1:30 pm.

Saturday, 17th August 2024
President Cyril Ramaphosa will attend the 44th Ordinary Summit of the Southern African Development Community (SADC) Heads of State and Government, hosted the Republic of Zimbabwe. The SADC Summit is responsible for the overall policy direction and control of functions of the Community, ultimately making it the policy-making institution of SADC. 

Friday, 23 August 2024

The President will embark on the District Development model oversight visit and Presidential Imbizo to the City of Ekurhuleni Metropolitan Municipality in Gauteng.

Monday, 26 August 2024
President Ramaphosa will address the JET Municipal Conference. The aim of the conference is to convene key stakeholders within the municipal space to chart the way forward for the effective implementation of the JET Municipal Portfolio set out in the JET Implementation Plan (JET IP) which was approved by Cabinet in November 2023.

Wednesday, 28 August 2024
President Ramaphosa will deliver the keynote address at the Business Unity South Africa (BUSA) Annual General Meeting (AGM).

Thursday, 29 August
President Cyril Ramaphosa will appear in the National Assembly’s hybrid plenary session to provide oral replies to questions from the NA Members of Parliament at 2pm.

Friday, 30 August
The President will honour the invite from Zimbabwe President, Emmerson Mnangagwa. and embark on a working visit to Zimbabwe to attend the official opening of the 114th edition of the Zimbabwe Agricultural Show. – SAnews.gov.za

 

NeoB
Wed, 08/07/2024 - 15:01

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Read morePresident Ramaphosa’s public programme for August
7 August 2024

Roadshows to address outstanding student accommodation payments

Location: News

Roadshows to address outstanding student accommodation payments

The National Student Financial Aid Scheme (NSFAS) will be hosting roadshows across the country to engage directly with the landlords affected by outstanding payments of student accommodation allowances.

NSFAS Administrator, Freeman Nomvalo, said that in response to accommodation providers’ concerns, NSFAS has in the past two months processed bulk catch up payments of accommodation allowances for all legitimate claims.

Nomvalo said that as at 31 July 2024, NSFAS disbursements for private student accommodation had reached R1 billion.

However, Nomvalo acknowledged that there are some landlords who still remain aggrieved.

The important issue to be addressed now is to ensure that all payments are done on time as this is the main remaining “pain point for accommodation providers.”

The Administrator announced that the roadshows will kick off in KwaZulu-Natal on Wednesday, 07 August 2024. 

“I will be taking all critical functions responsible for student data and private student accommodation. I have also extended invitations to our colleagues at universities and Technical Vocational Education and Training (TVET) sector, to ensure we all work together in resolving these challenges experienced by our beneficiaries and the landlords,” Nomvalo said.

In response to the challenges and stabilising the organisation, Nomvalo highlighted some of the projects that have been launched, including the Organisational Re-engineering and Re-alignment Project; ICT and Business Processing Review Project; making NSFAS accessible to students and stakeholders; and planning for 2025 and beyond.

“The conclusion of Organisational Re-engineering and Re-alignment Project will result into a new resource allocation model fit for the purpose and function of the size and shape of NSFAS. It will also provide a greater alignment of functions to improve the efficiency of NSFAS.

“The conclusion of the ICT and Business Processing Review Project will deliver a more efficient ICT system that provides for a seamless interface and data sharing between NSFAS and its key stakeholders including universities and TVET’s. The newly envisaged system is also intended to improve the management of applications for bursaries, loans, and appeals,” Nomvalo said.

He said a feasibility study is intended to consider various regionalisation models and cost implications looking at the location of beneficiaries. 

“The appointed team will also be engaging with the PSET (Post School Education and Training) stakeholders to determine the most feasible model. The intention is to make NSFAS more accessible and responsive to its stakeholders,” Nomvalo said.

Alleged procurement irregularities

The Administrator announced that NSFAS is following up on various alleged procurement irregularities, including the direct payment mechanism.

Nomvalo acknowledged the support provided by the Special Investigating Unit (SIU) regarding this issue.

“To address capacity challenges in the Procurement Unit, I am currently engaged with the National Treasury with the intention of drawing in a secondment from Treasury for the period of six months to also help us with the review of SCM (Supply chain management) policies, as well as procurement processes at NSFAS,” Nomvalo said.

Fruitless and wasteful expenditure registers

The Administrator further announced that the scheme has put measures in place for the 2024/25 financial year, to implement the irregular expenditure and fruitless and wasteful expenditure registers. 

“We will also implement the non-compliance register. These registers will not only ensure compliance with the PFMA (Public Finance Management Act) but will also enhance transparency on the use of public resources by NSFAS,” Nomvalo said. – SAnews.gov.za

GabiK
Wed, 08/07/2024 - 11:20

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7 August 2024

Empowering SA’s unemployed through entrepreneurship for economic growth

Location: MyPR

South Africa faces a youth unemployment crisis with a staggering rate of 45.5%, the highest in the world in 2023 per www.statista.com. Empowering entrepreneurs and driving micro business development is crucial for economic growth, addressing unemployment challenges and lack of income opportunities, reducing financial inequality, and ultimately uplifting communities. Job scarcity, lack of skills, educational …

Read moreEmpowering SA’s unemployed through entrepreneurship for economic growth
7 August 2024

Africa’s leading Venture Capital firm Founders Factory Africa rebrands to 54 Collective

Location: Business
54 Collective

Today, leading African venture capital firm, Founders Factory Africa (FFA), has announced its rebrand and name change to 54 Collective (https://54Collective.VC/), evolving its business model to better support transformative technology ventures across the continent through catalytic capital and value-add support through its Venture Success Platform.

Download document: https://apo-opa.co/4diDADB

54 Collective, builds on its exceptional track record of investing in and scaling early-stage ventures in Africa. The new name, 54 Collective, reflects the firm's ambitious pan-African vision, aspiring to help entrepreneurs grow their businesses to serve all 54 African countries.

The firm is a commercial-first investor and embeds impact in everything it does. 54 Collective invests in ventures from idea to Pre-Series A stage by offering catalytic capital, and value-add support through its Venture Success Platform.

"Our catalytic capital and value-add support to founders, through our Venture Success Platform, signifies our evolution and ongoing mission to support entrepreneurs across Africa and enable them to build without boundaries to drive commercial and impact returns. Our name change to 54 Collective communicates our continued commitment to African founders. We are more supportive than ever of unlocking opportunities for entrepreneurs and ensuring a level playing field for youth and women founders,” commented 54 Collective CEO Bongani Sithole.

Investment strategy

54 Collective, offers equity and non-dilutive capital up to a total of $500k, enabling founders to scale their ventures across the continent. To break barriers of access, female founders receive an additional $150k, to their male counterparts, in the form of a non-dilutive capital. 

The Venture Success Platform is made up of a team of highly experienced venture specialists who provide tailored support. This is in the form of product, growth, commercial relationships, business strategy, talent, technology and data to build ventures for scale. The team also ensures that founders have access to the right funding by preparing them for investor readiness, investor access, fundraising strategies, unlocking debt and impact capital. The Venture Success Platform empowers founders to succeed globally by facilitating networking and community building opportunities.

This unique combination of significant funding and comprehensive support distinguishes 54 Collective as the only Venture Capital firm in Africa offering early-stage founders with the highest amount of catalytic capital and support from the largest Africa-based venture capital team with over 70 staff members in Kenya, South Africa, Nigeria and the UK.

The firm has evolved from investing only in the Agtech, Fintech, and Healthtech sectors to being sector-agnostic in its investments, supporting more founders across many sectors on the continent. ​​54 Collective helps founders navigate complex challenges to achieve commercial success and make an impact on the continent through economic growth and job creation.

In 2023, Founders Factory Africa was named one of the top venture capital investors in Africa, with an active portfolio of over 50 ventures across 10 countries. To date, the firm has supported more than 70 ventures across Africa and helped its portfolio startups to raise nearly $140 million in follow-on capital.

A future of empowerment

With seven of the world's fastest-growing economies in Africa, the continent's venture capital sector is rapidly expanding, with $6 billion invested annually. However, this represents less than 1 percent of global venture funding, indicating a significant unmet need for smart capital.

“We are pursuing opportunistic investments in different sectors across the continent where there are uniquely large opportunities for startups to scale and create sustainable impact in these sectors. Our goal is to invest in 105 startups across Africa in the next five years, enabling entrepreneurs to provide solutions to the continent's biggest challenges and transforming lives and industries,” concluded Sithole.

The firm is well on its way to achieving many of its five-year goals which range from enhanced financial inclusion, improved healthcare access, and creating dignified and fulfilling work to creating a gender forward portfolio. 54 Collective is targeting a portfolio where 50% or more of its startups are founded by women. Currently, from the 17 investments made between January 2023 and July 2024 in its portfolio, 45% of them are founded by women. The firm's investments are also creating social economic impact in the wider economy. For example, Asaak, a vehicle asset financing company has improved financial inclusion for over 11,000 bodaboda drivers. An impact study uncovered that 79% of these drivers improved their quality of life significantly and 80% increased their income after receiving credit from Asaak.

Speaking on the significance of the brand evolution and future ambitions, 54 Collective's Executive Chairman and UTOPIA CEO Roo Rogers said, “54 Collective is a powerful economic and social force in the African economy. It is anchored with strong roots on the continent and exceptional network and reputation across the globe. Together with our sister funds, we continue our mission to  redistribute investment and knowledge pathways towards a more inclusive, relevant, and equitable future for the Global South.”

54 Collective's vision is to create a future where African entrepreneurship drives generational progress and prosperity across the continent. The firm's new name, catalytic capital, and value-add Venture Success Platform offering, marks a new era for the venture capital ecosystem. 54 Collective is redefining investing across Africa, enabling its founders to build without boundaries and solve some of Africa's biggest challenges.

Distributed by APO Group on behalf of 54 Collective.

For more information please contact:
Adam Wakefield -
 54 Collective, Managing Editor
Tel: +27820490381
Email: adam.wakefield@foundersfactory.co

OR

David Mbai
Tel:
  +254716811083
Email: 54COmms@webershandwick.com

54 Collective social media handles:
Instagram: 54collective_vc
X: 54collective_vc
​LinkedIn and Facebook: 54 Collective VC

About 54 Collective:
54 Collective  is a Venture Capital firm dedicated to redefining investing across Africa. By offering catalytic capital and value-add tailored support through its Venture Success Platform, 54 Collective empowers entrepreneurs to build without boundaries. With a presence across Africa, 54 Collective leverages local expertise to help startups scale and achieve commercial success while creating systemic social and economic impact.

Join us in this exciting journey of transforming Africa's entrepreneurial landscape. For more information, visit (https://54Collective.VC/) https://54Collective.VC/ and become a part of 54 Collective's (https://54Collective.VC/) mission to help early-stage African startups grow and thrive and ‘Build without Boundaries' to empower Africa's next generation of innovators and leaders.

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Read moreAfrica’s leading Venture Capital firm Founders Factory Africa rebrands to 54 Collective
7 August 2024

The Reason Why You Are Struggling to Find a Black UIU for Your Amanzi Prepaid Water Meter

Location: MyPR

A nationwide shortage of keypads for the Amanzi Prepaid Water Meters has led to concerned consumers trying every avenue for replacement keypads. The black UIU with replaceable batteries from Straton Prepaid has been on back-order for 4 weeks and is only expected to be fulfilled at the end off August 2024. Straton Prepaid has refunded …

Read moreThe Reason Why You Are Struggling to Find a Black UIU for Your Amanzi Prepaid Water Meter
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