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You are here: Home / Archives for data

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3 July 2024

Hacked Healthcare: New KnowBe4 Report Shines a Spotlight on Cybersecurity Crisis in Sector

Location: News
KnowBe4

KnowBe4 (www.KnowBe4.com), the provider of the world's largest security awareness training and simulated phishing platform, released its International Healthcare Report. The report takes a closer look at the cybersecurity crisis currently experienced by the healthcare sector, in particular hospital groups, across the world. 

Africa was the global region with the highest average number of weekly cyberattacks per organisation in 2023. One in every 19 organisations on the continent experienced an attempted attack every week. Although South Africa's healthcare sector has managed to avoid a major attack since 2020, the alarming escalation of attacks in other sectors within the country suggests that it's only a matter of time before the next attack strikes, making it a question of "when" rather than "if".

Hospitals have become increasingly attractive targets for ransomware attacks due to their comprehensive patient databases, sensitive information, and their interconnectedness between systems and equipment. Moreover, poor security measures have made hospitals vulnerable to cyber threats. When attacked, cybercriminals can potentially take control of entire hospital systems, and gain access not only to patients' health information but also their financial and insurance data.

Hospitals are severely impacted by cyberattacks (https://apo-opa.co/4csCXH4), which can lead to a reduction in patient care, loss of access to electronic systems, and a reliance on incomplete paper records. This can also result in the cancellation of surgeries, tests, appointments, and, in some cases, even loss of life. 

Some shocking facts discussed in the report include:

  • In the first three quarters of 2023, the global healthcare sector experienced a staggering 1,613 cyberattacks per week, nearly four times the global average, and a significant increase from the same period the previous year.
  • The healthcare sector has seen a dramatic surge in cyberattack costs over the past three years, with the average cost of a breach reaching nearly $11 million, more than three times the global average. This makes healthcare the costliest sector for cyberattacks.
  • Ransomware attacks have been the most prevalent type of cyberattack on healthcare organisations, accounting for over 70% of successful attacks in the past two years.
  • The majority of cyberattacks (between 79% and 91%), across sectors, begin with phishing or social engineering tactics, which allow cybercriminals to gain access to accounts or servers.
  • According to KnowBe4's 2024 Phishing by Industry Benchmarking Report (https://apo-opa.co/4csuiEB), healthcare and pharmaceutical organisations are among the most vulnerable to phishing attacks, with employees in large organisations in the sector having a 51.4% likelihood of falling victim to a phishing email. This means that cybercriminals have a better than 50/50 chance of successfully phishing an employee in the sector.

“The healthcare sector remains a prime target for cybercriminals looking to capitalise on the life-or-death situations hospitals face,” says Stu Sjouwerman, CEO of KnowBe4. “With patient data and critical systems held hostage, many hospitals feel like they are left with no choice but to pay exorbitant ransoms. This vicious cycle can be broken by prioritising comprehensive security awareness training to empower employees and cultivate a positive security culture as a strong defence against phishing and social engineering attacks."

The report examines the state of cybersecurity in the healthcare sector in North America, Europe, the United Kingdom, Asia-Pacific, Africa, and Latin America. In addition it also highlights some of the most prolific global ransomware attacks that occurred between December 2023 and May 2024, the aftermath thereof and what healthcare organisations can do to protect themselves from cyberattacks. 

To download a copy of KnowBe4's International Healthcare Report, click here (https://apo-opa.co/3xIjjaY).

Distributed by APO Group on behalf of KnowBe4.

About KnowBe4:
KnowBe4, the provider of the world's largest security awareness training and simulated phishing platform, is used by more than 65,000 organizations around the globe. Founded by IT and data security specialist Stu Sjouwerman, KnowBe4 helps organizations address the human element of security by raising awareness about ransomware, CEO fraud and other social engineering tactics through a new-school approach to awareness training on security. The late Kevin Mitnick, who was an internationally recognized cybersecurity specialist and KnowBe4's Chief Hacking Officer, helped design the KnowBe4 training based on his well-documented social engineering tactics. Organizations rely on KnowBe4 to mobilize their end users as their last line of defense and trust the KnowBe4 platform to strengthen their security culture and reduce human risk.

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3 July 2024

The power of lease audits: savings, compliance, strategic delivery, and more

Location: MyPR

The lease stands as the cornerstone of occupier-landlord relationships in commercial real estate. Yet beneath the surface of these meticulously drafted documents lies a complex web of financial obligations and legal stipulations that can easily become tangled. The more leases an organisation has, the higher the risk of costly trip-ups. A lease audit is a …

Read moreThe power of lease audits: savings, compliance, strategic delivery, and more
3 July 2024

EnerGeo Alliance Champions Gas as South Africa’s Transition Fuel of Choice

Location: News
African Energy Chamber

In its latest natural gas policy brief, global trade association EnerGeo Alliance has positioned natural gas as the premier transition fuel for South Africa, citing its reduced carbon emissions, scalability and cost competitiveness. The African Energy Chamber (AEC) (www.EnergyChamber.org)– as the voice of the African energy sector – supports these data-driven findings and calls for greater foreign investment in Africa's natural gas prospects.

South Africa's power supply remains in urgent need of diversification away from aging coal- and diesel-powered plants. While the country is looking to renewables to diversify its power mix and alleviate load shedding, the brief identifies natural gas as the ideal transition fuel to achieving a low-carbon future and meeting the demands of South Africa's rapidly growing population and economy. According to the report, countries that use gas as a source for power generation have seen their electricity supply grow approximately three times faster in the past decade than those without gas. The Chamber has long advocated for the exploration and development of Africa's natural gas resources – of which the continent holds over 620 trillion cubic feet – and commends EnerGeo Alliance for championing its expanded role in the energy mix.

With member companies spanning more than 50 countries, EnerGeo Alliance brings together the global geoscience industry to discover, develop and deliver alternative energy and low-carbon energy solutions that meet growing energy demand. Natural gas emits 50-60% less carbon dioxide, rendering it a relatively clean energy source able to meet power demand reliably and at scale. Gas also serves as a critical feedstock for the production of fertilizers and petrochemicals, as well as a source of process heat in energy-intensive industries, creating the potential to decarbonize heavy industry. According to the World Economic Forum, a tripling of sub-Saharan Africa's power consumption using natural gas would only correspond to a one percent increase in global carbon emissions.

Natural gas also represents the most cost-effective pathway to energy security for South Africa and the continent at-large. It can provide both base load and backup power – whereas solar and wind power present intermittency problems – and is more cost-competitive as a base load supply than nuclear. According to the policy brief, large-scale discoveries like Brulpadda-Luiperd, the offshore Orange Basin and shale reserve prospects in the Karoo Basin suggest that South Africa could not only meet its power demand through domestic gas resources, but also stimulate broader economic development through regional gas exports.

EnerGeo Alliance highlights South Africa's promising reserves in Mossel Bay and the Orange River Basin, as well as shale gas in the Karoo Basin, for further upstream investment. Through advanced seismic survey, upstream geoscience and data generation activities play a key role in identifying potential gas reserves, de-risking exploration and reducing the environmental footprint associated with gas exploration and extraction. Major investment is also needed across South Africa's midstream and downstream sectors, including regional transmission pipelines, gas storage facilities and gas-to-liquids, regasification and LNG plants. While the construction of gas-fired power plants is already underway at Coega, Richards Bay and Saldanha Bay, new projects are needed to boost South Africa's gas availability and reliability.

“The AEC supports the EnerGeo Alliance in positioning gas as critical to South Africa's energy independence and low-carbon future. The science confirms this, and the bottom line confirms this. More capital must flow to African upstream and integrated gas projects, and we must support the geoscience community so that natural gas exploration is no longer seen as a risk, but as a given,” says NJ Ayuk, AEC Executive Chairman. 

Distributed by APO Group on behalf of African Energy Chamber.

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3 July 2024

Leveraging Artificial Intelligence (AI) for Good Health: The New Frontier in Social Innovation to accelerate progress toward Sustainable Development Goal 3 (SDG 3)

Location: News

BroadReach Group
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In the evolving landscape of global health, digital innovation emerges as a beacon of hope, pushing the boundaries of what is possible in healthcare access, quality, and affordability. A recent white paper by the World Economic Forum, produced in collaboration with the Schwab Foundation for Social Entrepreneurship, EY, and Microsoft, sheds light on an exciting paradigm shift: the integration of Artificial Intelligence (AI) in social innovation, especially within healthcare. AI uptake has the potential to improve immunisation programmes, supply chains, referrals, diagnoses, drug safety, and overall health system efficiency.

The report finds three primary impact areas where AI is making significant contributions:

  • Healthcare, with 25% of innovators using AI to advance access to health;
  • Environmental sustainability, with 20% of social innovators applying AI to tackle climate solutions; and
  • Economic empowerment, notably prevalent in lower-income countries where 80% of all initiatives aimed at enhancing livelihoods are based.

Healthcare is by far the most prevalent impact domain that social innovators are addressing with AI. Corresponding to this, 1 in 4 Social innovators are deploying AI to advance Sustainable Development Goal 3, Good Health and Well-being. This is apparent across all geographies as innovators seek to adopt AI to address multiple challenges within the area of healthcare.

Referenced in this report is BroadReach Group, a social impact organisation, that is using AI and machine learning to equip health care workers, leaders and institutions to better manage their scarce resources and drive better health outcomes for all. Vantage Health Technologies, a part of BroadReach Group is harnessing its work across continents in the following ways:

  • Using AI in Africa to support large HIV and TB programs by identifying gaps in resources and supporting decision making and targeted actions to address those gaps. This has allowed many districts particularly in South Africa, with the largest HIV population in the world to come close to achieving the UN goals of 95-95-95. The 95-95-95 HIV testing, treatment, and viral suppression targets aim to close gaps in HIV treatment coverage and outcomes in all sub-populations, age groups and geographic settings.
  • Vantage has provided program oversight to Tuberculosis (TB) programs in Africa by providing a single system to manage all key areas.  TB outcomes are difficult to manage without daily insight into performance data. Vantage integrated already existing feeds from the national health data system to drive active decision making and launch interventions to address performance, data quality and reporting compliance.
  • A leading non-governmental organisation in Nigeria that provides prevention, treatment and care services across HIV/AIDS, TB and Malaria uses AI and predictive analytics in Vantage to prevent missed appointments and bring patients back to care. The outputs are used to prioritise outreach to high-risk patients and monitor the effectiveness of interventions to proactively highlight areas needing attention.
  • In the US, Vantage is addressing Social Determinants of Health, by automating social care coordination for cancer patients. The early results have shown improved patient outcomes, improved equity and financial sustainability, while simultaneously reducing the administrative burden on the workforce.

Dr. Ernest Darkoh, co-founder of BroadReach Group, says, “the fundamental issue in healthcare, whether you are in Sub-Saharan Africa, Western Europe, or the USA, is that demand outstrips supply in terms of health services, doctors, nurses, and medications. The healthcare sector is trying to deliver on an antiquated model of ‘sick care' without real-time intelligence on disease patterns, who is being affected the most, or the adequacy of healthcare resources. We need to change this paradigm to be more effective by leveraging data and digital solutions to ensure we are always spending the next hour and the next dollar in the in the most impactful way possible.”

Global Collaboration to Achieve Health Equity

The report also shows that Africa is emerging, with leaders like South Africa, Nigeria and Kenya. Egypt and Kenya have developed national AI strategies. In other countries like Cameroon, individual social innovators are using AI to address healthcare challenges, such as developing low-cost diagnostic tools for malaria. The continent is also seeing AI applications in economic empowerment and various ML capabilities.

Paul Bhuhi, Managing Director of Vantage shares, ‘'AI is becoming more accepted, with healthcare leaders seeing the promise of AI to drive real improvement in health access, quality, and affordability. Yet, the education gap between innovators and the policy makers inhibits AI adoption, In our experience Rwanda and Kenya are leading that push but more needs to be done.” 

An important lesson that BroadReach Group is applying is that learning healthcare lessons in one country can have a profound global impact through collaboration. By sharing best practices, innovations, and research findings, countries can collectively address common health challenges more effectively. Collaborative efforts enable the adaptation of successful strategies to different contexts, promoting universal health improvements and accelerating progress towards global health goals like SDG 3. This exchange of knowledge fosters a more interconnected and resilient global healthcare community, where advancements in one region benefit all.

Dr. John Sargent, co-founder of BroadReach Group, says “an example of impact through collaboration is using our experience and learnings in Africa addressing health inequity and applying them to promote health equity in cancer care in the US. Our teams work across geographies and this collaboration has shown that we can more effectively and rapidly improve patient care because of this experience. Although every geography and market has its differences, many of the same core principles, critical lessons learned, and approaches apply, allowing us to rapidly adapt and implement solutions that have a real impact for populations in need while ensuring that the health system is using its resources in the most impactful way.” 

Embracing the Ethical Adoption of AI

The next generation of ethical generative artificial intelligence (GenAI) provides new hope for more equitable healthcare, but advances in technology must never come at the cost of patient rights. AI systems should start with guardrails and ethics within their foundational design.

Chris LeGrand, CEO of BroadReach Group emphasises, “regulatory frameworks for ethical use of AI in healthcare are still early stage but are progressing. The new Digital Trade Protocol recently adopted by African heads of state under the Africa Continental Trade Area (AfCTA) is an example of international bodies defining the desired digital landscape with rules based on common principles, including protecting personal data while promoting trusted, safe, ethical use of emerging technologies. Regulation is slowly evolving to create trust and confidence in the protection of health data.”

Distributed by APO Group on behalf of BroadReach Group.

BroadReach Group is a group of social impact businesses focused on harnessing innovation and technology to empower human action. Since 2003 BroadReach Group has worked in over 30 countries to support governments, international NGOs, public and private sector to improve health outcomes for their populations.  

Read moreLeveraging Artificial Intelligence (AI) for Good Health: The New Frontier in Social Innovation to accelerate progress toward Sustainable Development Goal 3 (SDG 3)
3 July 2024

How Neurofeedback Can Rewire the Traumatized Brain

Location: MyPR

Imagine your brain is constantly reliving a traumatic event, unable to break free from the cycle of fear and anxiety. This is the reality for millions of people suffering from trauma. Trauma, whether from accidents, abuse, or combat experiences, leaves a lasting imprint on the brain, disrupting normal function and causing severe emotional and psychological …

Read moreHow Neurofeedback Can Rewire the Traumatized Brain
2 July 2024

A Guide On How To Invest In It For Your Business Success

Location: MyPR

SevenC, a leading IT infrastructure and network service provider striving to identify and make available the best possible ICT strategies for its clients’ unique needs, explores strategies for making smart IT investments. Over the past few decades, advancements in IT have revolutionised company operations and reshaped the dynamics of competition in nearly every industry. “In …

Read moreA Guide On How To Invest In It For Your Business Success
2 July 2024

SIU collaborates to continue fight against corruption through data analytics

Location: News

SIU collaborates to continue fight against corruption through data analytics

The Special Investigating Unit (SIU) has strengthened its hand to fight corruption through data analytics.

This as the unit has joined forces – through memoranda of understanding – with the Gordon Institute of Business Science (GIBS) Anti-Corruption Coalition (ACC), the Transparency, Integrity, and Accountability Programme (TIP) of the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.

SIU head, Advocate Andy Mothibi, explained how the partnerships pave the way for the unit to sharpen its tools against corruption.

“Through these partnerships, the SIU will embark on statistical research efforts, proactive strengths and risk exposures, sector-based data analysis, awareness and advisory initiatives, capacity building, and integrating data analytics and predictive analysis into the institutions’ risk management systems,” he said.

He added that the unit must take the lead in fighting the scourge of corruption by making it increasingly difficult for criminals to have their way.

“To achieve this, the SIU must direct strategic decision-making processes and drive prevention activities through data analysis. This will provide the SIU with a competitive market advantage and long-term sustainability,” Mothibi said.

The unit stated that the memoranda of understandings signed with the institutions are part of the SIU’s drive to halt corruption through a “whole of society approach”.

“These MoUs are also part of the SIU’s implementation of the National Anti-Corruption Strategy, in particular, the whole-of-society approach, which is an integrated approach to the fight against corruption and calls on all sectors to participate in the fight against corruption and encourages collaboration between government, the private sector and civil society as one of the fundamentals of the strategy.

“Through these collaboration agreements, the SIU seeks to ensure that its anti-corruption tools are advanced and enable the SIU to move towards the prevention of corruption. The SIU plans to publish sector data intelligence and use a prevention, advisory, and awareness capacity to advise stakeholders on systemic measures to proactively identify and prevent maladministration, fraud, and corruption,” the unit concluded. – SAnews.gov.za

NeoB
Tue, 07/02/2024 - 10:55

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1 July 2024

Introduction to Outsourced CFO’s Fintech and Business Solutions

Location: MyPR

Every entrepreneur who has put in the time to build their business from an idea to a thriving reality, wants things to run smoothly. From people to financials, process automation is key.  We always recommend Fintech solutions as a starting point to a streamlined business that saves time and money where possible and runs like …

Read moreIntroduction to Outsourced CFO’s Fintech and Business Solutions
1 July 2024

Ground-breaking Technology Uses Small Mammal Footprints to Monitor Climate Change

Location: MyPR

Can tracking mouse footprints give clues to climate change? Yves Vanderhaeghen speaks to the founders of WildTrack, which is pioneering technology in South Africa to track small mammals so they can tell us about disruptions to ecosystems. Is it a mouse? A shrew? A rat? We can read a lot into the pawprints of small …

Read moreGround-breaking Technology Uses Small Mammal Footprints to Monitor Climate Change
1 July 2024

Exploring OCFO’s Fintech Solutions for Streamlining Your Business

Location: MyPR

Don’t get left behind by using server-based, legacy technology to run your business. With Outsourced CFO experts at your side, you can automate and streamline your financial and operational processes, giving you an edge in today’s fast-paced digital business world. By leveraging cutting-edge technologies such as cloud accounting, data analytics, and real-time reporting, we aim …

Read moreExploring OCFO’s Fintech Solutions for Streamlining Your Business
1 July 2024

From Sustainability to Personalisation – Mid-year Retail Trends 2024

Location: News
Smollan

Reaching any midpoint, whether it's to catch one's breath on a ultra-marathon to gear up for the next stretch, or a project team reflecting on their progress and making necessary modifications – it's all about positioning for success. So too a mid-year retail check-in offers valuable insights into some of the latest developments shaping how retailers connect with consumers and drive innovation in the second half of this year.

Overview | Global & Local

The rise and rise of ecommerce, the integration of online and offline, platforming sustainability, contactless and convenient quick and easy payment options, price-sensitive pricing strategies and building customer loyalty – dominated the past six months.

So too, and no surprises here, but the broader classification of the consumer is changing yet again. If 2023 was the year of the resilient consumer, it seems that 2024 is seeing the year of the empowered consumer. Mastercard Data & Services [May 2024] reported that despite rising interest rates, inflation and the threat of a recession, consumers still confidently spent in 2023. This year however, consumers are carefully prioritising resources – with many people worldwide now looking for more deals and discounts to carefully balance their household budgets. Technology is also playing a bigger role in bringing innovation and efficiency to retailers and consumers, reflecting a more concerted shift towards a customer-centric and digitally driven retail landscape.

“Don't blink was my pennies worth at our trends check in November 2023,” said Mike Smollan, Chief Growth Officer, Smollan. “We've seen the rapid changes this year, from powerful tactical retail that has global brands amping up the flavour and integration experience for consumers. To local shifts in South Africa for example, with 61% of Gen Zs finding their feet and telling us via a recent Trade Intelligence report, that social media influencers are their best source of information when it comes to shopping. It's about meeting consumers wherever, whenever, and however they prefer to shop, and being cognisant of and embracing the shift to empowered consumerism.”

Global retail examples always provide a relevant yardstick to illustrate these shifting dynamics on a larger scale. Take Walmart for example who despite relatively little store growth, has maintained its number one ranking with a robust online marketplace and a range of new financial resources for shoppers. Costco expanded its warehouse format this year to a range of countries while Ikea is reinventing, by opening smaller-format stores around the world.

So too, the ecommerce world continues to baffle the brain – with relative newbie Temu topping US$5 billion in sales in 2023, just one year after they launched. With Statista reporting that their app has been downloaded over 52 million times as of May this year.

A wild ride and evolving storyline as we watch the disruption of this sector.

Closer to home, Shoprite South Africa (SA) have adapted in 2024 to serve customers who want more promotions, combo deals and collective buying. They also noted that their customers are switching to private labels. Furthermore, they have expanded their premium stores and on-demand delivery services, as well as venturing into mobile services and financial offerings. On the ecommerce front Tech Safari, reporting on Amazon's entry into SA in May this year, have suggested a possible pricing war benefitting consumers with faster deliveries, more products and better support. This space in the spotlight from now until year end and beyond, with competition on the up as Takealot, in response to Amazon's entry, launched a free delivery service with a monthly subscription.

At A Glance | Four Trends

Accelerated ways to enable retailers to anticipate, experiment, adapt and satisfy consumers, even before they are aware of them, will be the golden thread. With Forbes identifying four evolving trends for the second half of the year:

Sustainability

Customers want organisations to step up and show proof of their eco stance however they have “green fatigue” and are quickly on the scent of businesses that are simply ‘greenwashing'.

AI

This is constantly evolving and retailers need to use AI to improve efficiencies and processes, and balance this with a human touch.

Personalised Communication

Consumers want messages tailored to them and their purchasing behaviour and not to be bombarded with general marketing messages. Shifting tactics from purely transactional to empathetic.

Social Commerce

CRM Essentials showed that 37% of consumers trust influencers more than brands. This year social commerce and creator economies present a perfect symbiotic relationship as brands are now more focused on telling stories on social platforms that conclude with a commerce moment.

Distributed by APO Group on behalf of Smollan.

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28 June 2024

Community and conservation initiatives take centre stage at Ballito Pro

Location: MyPR

The 55th Ballito Pro Presented by O’Neill celebrates the ocean through surfing, seaside activities, and a dedicated conservation and community empowerment programme. As the Ballito Pro festival gets underway in KwaDukuza from 25 June to 8 July 2024, there are many ways for visitors to get involved and support these positive initiatives. “The reality is …

Read moreCommunity and conservation initiatives take centre stage at Ballito Pro
28 June 2024

Implementing Virtual Reality and Augmented Reality in Classroom Learning

Location: MyPR

Virtual Reality (VR) and Augmented Reality (AR) have rapidly evolved from their nascent stages into powerful educational tools over the past few decades. As an Academic and the Teaching, Learning & Manager at Regent Business School, Bryson Pather has observed how these immersive technologies revolutionise the way we teach and learn. Initially limited to experimental …

Read moreImplementing Virtual Reality and Augmented Reality in Classroom Learning
28 June 2024

Are financial officers human?

Location: MyPR

By Alwyn Pretorius, GM at Infinitus Reporting Solutions No, this is not another rant about AI taking jobs from finance professionals, topical as the subject may be right now. Rather, it’s a commentary on the finance industry at large and the increasingly and crucially central role that financial officers in particular play in businesses. We …

Read moreAre financial officers human?
27 June 2024

Famous Electricians of Colour

Location: MyPR

At the risk of using a ‘groan-able’ pun Straton Electrical says that this list of famous North American Electricians of colour may shock you into reality: There are several notable African American electricians and inventors who made significant contributions to the field: Granville T. Woods (1856 – 1910) was a prolific African American inventor known …

Read moreFamous Electricians of Colour
27 June 2024

Why QR Codes are Leading the Charge

Location: MyPR

We are delighted to find individuals and organisations who truly understand the benefits of using QR Codes to trigger many customer experiences, from loading websites to executing payments between consumer and merchant. Zapper has been doing the latter since its inception in 2013, and its popularity rose significantly in the early years when the novelty …

Read moreWhy QR Codes are Leading the Charge
26 June 2024

African Development Bank expands urban support program to six new cities

Location: News
African Development Bank Group (AfDB)

The African Development Bank's (www.AfDB.org) Urban and Municipal Development Fund (UMDF) (https://apo-opa.co/4exYmAh) has expanded its African Cities Program to cover six new cities across the continent. The expansion, approved by the Fund's 13th Oversight Committee, will help bolster urban development and address critical challenges faced by rapidly growing African cities.

The newly included cities are:

  • Kolwezi, the Democratic Republic of Congo: mining town grappling with rapid urban growth and environmental issues.
  • Grand Nokoué, Benin: an economic hub with over two million inhabitants.
  • Buffalo City, South Africa: a coastal city prioritizing climate resilience.
  • Joal, Senegal: A medium-sized city focusing on integrating environmental and social issues into economic development.
  • Juba, South Sudan: Prioritizing essential services for a growing, vulnerable population;
  • Nouakchott, Mauritania: Planning to combine projects on climate resilience, urban mobility, and sustainable energy.

The Bank launched the UMDF in 2019 in response to growing demand from countries and cities for urban development support. It receives contributions from the Nordic Development Fund and the governments of Denmark, Spain, and Switzerland, as well as the Walloon Export and Foreign Investment Agency.

The Fund provides financial and technical assistance to national and local governments for improving governance, planning, and to prepare investments in sustainable urban development for more climate resilient, resilient, liveable and productive cities, underpinning national socio-economic development and poverty reduction.

UMDF will provide funding for each of the six cities over several months, including a detailed analysis of the strengths and vulnerabilities, especially regarding economic, social, climate, and gender issues. The goal is to identify transformative infrastructure projects that can attract public and private sector investments.

The committee also reviewed the Fund's progress and approved its 2024 work program, allocating over $4.7 million to identify and develop urban infrastructure projects and bring them to maturity.

Mike Salawou, Director of the African Development Bank's Infrastructure and Urban Development Department, committed to strengthening the Fund's operational effectiveness and capacity to mobilize more funding and partnerships for greater impact.

“The question of urban development is at the heart of the Bank's new ten-year strategy for 2024-2033, of which the Urban and Municipal Development Fund is a strategic implementation mechanism,” he emphasized. The Bank ten-year strategy 2024-2025 (https://apo-opa.co/3L73NIF) includes data and research from publications (https://apo-opa.co/3XEbJbS) financed by the Fund and its partners.

It is hoped that the Fund will act as a catalyst in boosting access of African municipalities to public and private finance, a priority defined by the President of the African Development Bank Group, Akinwumi Adesina, at the Africa Investment Forum (www.AfricaInvestmentForum.com) 2023 Market Days in Morocco.

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

Media contact:
Communication and External Relations Department
media@afdb.org

About the African Development Bank Group:
The African Development Bank Group (AfDB) is the premier multilateral financing institution dedicated to Africa's development. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NSF). The AfDB has a field presence in 41 African countries, with an external office in Japan, and contributes to the economic development and social progress of its 54 regional member states. For more information: www.AfDB.org

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26 June 2024

Human capital centres of excellence to benefit disadvantaged communities

Location: News

Human capital centres of excellence to benefit disadvantaged communities

In line with the concept of Smart Cities, the City of Durban has established a number of Human Capital Centres of Excellence (HCCoE) around areas within eThekwini Municipality, which are equipped with computers and free Wi-Fi available for disadvantaged communities.

The City’s Human Capital senior officials recently conducted an oversight visit to the HCCoE situated in communities struggling to access computers and free Wi-Fi.

The site visit started at the flagship centre in Archie Gumede Place, where the team viewed the renovations currently underway, and got a glimpse of how the centre will look like after work completion. 

The team also visited the computer labs in KwaDabeka, Claremont Thusong Centre, Nagina, and Hammarsdale, ahead of a tour at Warwick Triangle (SEDA).

Deputy City Manager of Corporate and Human Capital, Kim Makhathini, said the city has stepped in and provided 25 computer labs in disadvantaged communities, in line with the concept of Smart Cities.

“These facilities are fully functional and equipped with computers and free Wi-Fi which is available to both internal staff and the public. It is important to take these centres to the next level to ensure more community involvement,” Makhathini said.

Head of Human Capital, Sihle Mkhize, has committed to prioritise and address the challenges raised during the oversight visit to ensure that the public gets maximum usage of the computer labs. 

Mkhize said the city is committed to eradicating unemployment and upskilling residents, especially the youth. 

“This is a much-needed resource and widely used by the public. It saves jobseekers from spending money on transport and data costs for their assignments, applying for jobs, bursaries and searching for work and study options,” Mkhize said.

While the centre in Archie Gumede Place is temporarily closed due to renovations, job applications can be dropped off at the SEDA Office, 381 King Dinuzulu Road, Berea. – SAnews.gov.za

 

GabiK
Wed, 06/26/2024 - 14:06

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26 June 2024

The Future Of Food Sustainability Is Key, Says Acclaimed Sa Chef Greg Czarnecki

Location: MyPR

Cape Town, South Africa, 3 June: “The future of food has to be all about sustainability,” says chef Greg Czarnecki, the acclaimed head chef of Cape Town’s Cape Grace Hotel. Chef Czarnecki was speaking at “The Future of Food, powered by Nespresso” – a two-night gastronomic event hosted by Nespresso South Africa in Cape Town …

Read moreThe Future Of Food Sustainability Is Key, Says Acclaimed Sa Chef Greg Czarnecki
23 June 2024

How The Hospitality Sector Can Help Tackle Youth Unemployment In South Africa

Location: MyPR

In March 2024, a staggering 45.5% of young South Africans aged 15-34 years were reported to be jobless, according to Statistics South Africa. To drive meaningful change and reduce this crisis-level figure, both the private and public sectors have to come together and intensify their efforts to create more jobs. Shaun Lamont, Managing Director of …

Read moreHow The Hospitality Sector Can Help Tackle Youth Unemployment In South Africa
23 June 2024

The Importance of Professional Valuations in Today’s Market

Location: MyPR

In the ever-evolving landscape of real estate and asset management, obtaining accurate valuations has become a critical aspect for investors, businesses, and property owners. Whether it is for land, buildings, agricultural farms, or specialised technical assets, professional valuation services provide essential insights and financial clarity. This article delves into the significance of engaging a valuation …

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21 June 2024

South Africa improves its Global Competitiveness Ranking

Location: MyPR

South Africa edges up in Global Competitiveness Ranking South Africa has improved its global competitiveness ranking and business efficiency. This is according to the latest World Competitiveness Yearbook (WCY) by the Swiss based Institute of Management Development (IMD) released today in partnership with Productivity SA. The IMD WCY is an annual report that ranks the …

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20 June 2024

The virus Elon Musk is exporting back to SA

Location: News

The effects of the $45-billion pay package offered to the Tesla boss will be felt across the world

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18 June 2024

Job Management Software in South Africa

Location: MyPR

In South Africa’s bustling business landscape, where efficiency and productivity are paramount, job management software has emerged as a crucial tool. This software is revolutionizing how businesses operate, offering advanced solutions to manage tasks, projects, and workflows effectively. Here’s a closer look at the transformative impact of job management software in South Africa.   Revolutionizing …

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