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The power dynamics of labour migration to the Middle East are complex.
The power dynamics of labour migration to the Middle East are complex.
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President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Cyril Ramaphosa, President of the Republic of South Africa, on the occasion of his country's Independence Day.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, dispatched similar messages to President Ramaphos.
Distributed by APO Group on behalf of United Arab Emirates, Ministry of Foreign Affairs.
African Mining Week (AMW) – taking place from October 1–3, 2025, in Cape Town – will connect global investors with high-impact opportunities across Africa's mining sector, spotlighting the strategies fueling the continent's mineral industrialization.
A key highlight of the event will be a high-level panel, The Investor Perspective: Financing Africa's Mineral Industrialization. The session will explore the evolving investment landscape and examine diverse financing mechanisms – including bank loans, private equity, venture capital and impact investing – that are mobilizing capital into African mining.
DFIs Drive Infrastructure Investments
Attracted by strong returns and Africa's long-term growth potential, development finance institutions (DFIs) are ramping up investments into the continent's mining infrastructure. In March 2025, the African Development Bank approved a $150 million loan to Mauritania's state-owned mining company SNIM and committed $500 million to the Lobito Corridor – a strategic railway project linking Angola, the DRC and Zambia to international markets. Meanwhile, the Africa Finance Corporation (AFC) is backing several critical mineral projects, including Nyanza Light Metals' $780 million PGMs facility in South Africa, Gecamines' expansion in the DRC, Giyani Metals' manganese development in Botswana and FG Gold's project in Sierra Leone. Between 2014 and 2024, AFC invested over $1 billion into Africa's mining sector. The U.S. International Development Finance Corporation (DFC) is also deepening its commitment, providing more than $750 million toward the Lobito Corridor, $34 million for Pensana's Longonjo rare earths project in Angola and $3.2 million to Chillerton's green copper development in Zambia.
Geopolitics and African Prospects
Geopolitical shifts are intensifying the global race for Africa's critical minerals, vital for the energy transition and digital economy. From 2019 to 2023, companies from the United Arab Emirates committed over $110 billion to African projects. In early 2025, UAE-based Ambrosia Investment Holding acquired a 50% stake in Allied Gold's projects in Ethiopia and Mali, investing $375 million to scale up gold production. Canadian mining investment on the continent has now surpassed $37 billion, with companies like Ivanhoe Mines, Fortuna Silver, Pioneer Lithium and Trigon Metals leading expansion efforts. Similarly, Australia's mining footprint in Africa reached $60 billion in asset value in 2024, supported by firms such as Sovereign Metals, Cazaly Resources and Atlantic Lithium.
Private Placements
Private placements are emerging as a preferred capital-raising vehicle for mining ventures across Africa. Companies including Zanaga Iron Ore, Moab Minerals, Global Atomic Corporation, Premier African Minerals and Trigon Metals are leveraging this mechanism to fast-track project development and attract investor interest. As ESG criteria take center stage in investment decision-making, AMW will serve as a platform for financiers and project developers to engage on sustainability metrics, transparency and responsible investing.
Distributed by APO Group on behalf of Energy Capital & Power.
African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com. To download the working program, please visit www.African-MiningWeek.com
African Mining Week (AMW) – Africa's premier gathering for mining stakeholders, taking place from October 1-3 in Cape Town – will feature a high-level Ministerial Forum dedicated to advancing local mineral beneficiation across the continent.
The session – From Extraction to Transformation: African Governments Driving Beneficiation and Value Addition – will spotlight national strategies and regulatory reforms aimed at boosting midstream and downstream infrastructure, enhancing local content, supporting community development and maximizing national value capture from resource exploitation.
Across the continent, mineral-rich countries are enacting policies and investment incentives – including export restrictions on raw minerals – to spur industrialization and local processing. In the Democratic Republic of Congo, the world's top cobalt producer, authorities imposed a four-month suspension on cobalt and copper exports in February 2025 to prevent market oversupply and stabilize prices. The decision came in response to a steep price drop from $82,000 per metric ton in April 2022 to just $21,550 in February 2025, aiming to resume exports once more favorable market conditions return. These proactive measures are expected to enhance the long-term sustainability of the sector and attract new investments in processing and refining infrastructure.
In Zimbabwe, a 2023 ban on raw lithium exports has attracted billions in downstream investment and created new jobs. In August 2024, Zimbabwe secured $310 million from Chinese and British investors to construct a three-million-ton-per-annum lithium processing facility at Sandawana Mine. Guinea-Conakry, which holds 23% of global bauxite reserves and is the second-largest producer worldwide, is reducing its reliance on raw exports by advancing several alumina refinery projects. Key developments include partnerships with Emirates Global Aluminium and Alteo Refinery to strengthen local industrial capacity. These strategic moves are positioning both countries as key players in the global mineral refining market, with significant potential for long-term economic growth and job creation.
Meanwhile, South Africa, the world's leading producer of platinum group metals (PGMs), is making major strides in beneficiation. Projects include the $4.5 billion KwaZulu-Natal Titanium Beneficiation Complex by Nyanza Light Metals; a titanium pigment plant at the Richards Bay Industrial Development Zone; a PGM treatment facility at the Steelpoortdrift Vanadium Project by Vanadium Resources Limited; and a new treatment plant at Ivanhoe Mines' Platreef PGM Nickel Project. These initiatives are expected to significantly boost South Africa's beneficiation capacity, create thousands of jobs and further cement the country's position as a global leader in mineral processing and industrialization.
The Ministerial Forum at AMW will provide a strategic platform for African leaders to showcase progress, present investment-ready opportunities and foster collaboration across the mining value chain. It will also serve to align policy priorities and attract long-term capital for the development of sustainable, value-driven mineral economies.
African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.
Distributed by APO Group on behalf of Energy Capital & Power.
His Excellency Ahmed Al Sayegh, Minister of State and UAE G20 Sherpa, and His Excellency Mahash Al Hameli, UAE Ambassador to South Africa and UAE Sous Sherpa, participated in the second G20 Sherpa Meeting, which was held virtually from 3 – 4 April.
The meeting brought together representatives from invited countries and international organizations to assess the progress achieved across various G20 Sherpa Working Groups and to outline the path forward during the South African G20 Presidency.
The UAE delegation highlighted the country's engagements in working groups across several key priority areas, including anti-corruption, culture, education, development, women's empowerment, artificial intelligence and the digital economy, employment, disaster risk reduction, climate, and environmental sustainability. The UAE reaffirmed its support for the South African Presidency's efforts and emphasized the country's commitment to multilateral cooperation through the G20 platform.
Under the theme ‘“Solidarity, Equality and Sustainability', South Africa extended an invitation to the UAE to participate as a guest country in the G20 process and summit in 2025. This marks the UAE's sixth overall participation in the G20 and its fourth consecutive invitation. The UAE has previously been part of the G20 process hosted by Brazil in 2024, India in 2023, Indonesia in 2022, Saudi Arabia in 2020, and France in 2011.
Established in 1999, the G20 is the premier forum for international economic cooperation, bringing together the world's largest economies to address global challenges and promote inclusive growth.
Distributed by APO Group on behalf of United Arab Emirates, Ministry of Foreign Affairs.
EC government welcomes Public Protector’s report clearing Premier in Bulembu Airport matter
The Eastern Cape Provincial Government has welcomed the findings of the Public Protector’s report, which clears Premier Oscar Mabuyane and former Home Affairs Minister, Dr Aaron Motsoaledi, of any wrongdoing regarding the designation and refurbishment of Bulembu Airport.
The investigation, led by Public Protector Advocate Kholeka Gcaleka, followed a complaint lodged in 2023 by African Transformation Movement (ATM) President Vuyo Zungula and Elias Muller.
The complaint alleged improper conduct, maladministration, and possible violations of the Immigration Act and the Border Management Authority Act during the visit of United Arab Emirates (UAE) President, His Highness Mohamed bin Zayed Al Nahyan, to the Eastern Cape.
It was also alleged that the Premier failed to follow due process in accepting a R20 million donation from the UAE Government on behalf of the province, to refurbish Bulembu Airport, outside Qonce.
However, the Public Protector found these claims to be unsubstantiated, confirming that all relevant legal and financial procedures were properly followed.
The donation, which was made in kind to support minor upgrades at the airport, was duly declared in the audited Annual Financial Statements of the responsible department, in accordance with National Treasury regulations.
“The allegation that Mr Mabuyane accepted a donation of R20 million from the UAE government to refurbish Bulembu Airport, in contravention of the applicable prescripts, is not substantiated.
“The public protector could not find evidence that Mr Mabuyane and/or the Eastern Cape provincial government accepted funds from the UAE and failed to deposit same into the provincial revenue fund in terms of Regulation 21.2.2 of the Treasury Regulations,” the report said.
On the concerns raised by Zungula about former Home Affairs Minister’s decision to declare the airport a port of entry and exit for top UAE leaders, the investigation also found that there was nothing untoward about the landing, as this was in line with the laws and regulations.
“The evidence indicates that the goods that were brought by Mr Al Nahyan and his entourage at Bulembu Airport, which included consumables, vehicles, gym equipment, and helicopters, were declared, inspected and cleared in accordance with sections 4 and 15(1) of the Customs and Excise Act,” the report said.
The Office of the Premier highlighted that the total cost of the renovations at Bulembu Airport amounted to just over R5 million. The upgradesd included repairs, such as fixing runway ground lights, repainting tarmac markings, and clearing trees and overgrown grass.
“Premier Mabuyane welcomed the findings and reaffirmed that all actions taken were in the interest of strengthening relations with the UAE and boosting foreign direct investment in the province. He emphasised that government efforts continue to be guided by transparency, accountability, and a commitment to inclusive economic growth,” the Office of the Premier said in a statement. – SAnews.gov.za
GabiK
Tue, 04/08/2025 - 08:22
295 views
Ghana is capitalizing on its gold exports (https://apo-opa.co/4iOXHfD) to drive economic growth, with revenues increasing to $11.6 billion in 2024 - a 52.6% increase from the $7.6 billion recorded in 2023. Gold exports accounted for 57% of the country's total export revenue (https://apo-opa.co/4hHk0lZ), solidifying the industry's role as a key contributor to GDP expansion. Notably, small-scale miners contributed $5 billion to the sector's export revenue.
As Ghana continues to enhance gold production and exports, the upcoming Mining in Motion conference, taking place from 2 - 4 June, will connect global investors with opportunities in Ghana's gold value chain. The event will facilitate deal signings and strengthen trade relations with Ghana's leading gold export markets.
While Ghana has maintained its position as Africa's largest gold producer, it has also emerged as a key supplier to international markets. Asia ranks as the primary importer of Ghanaian gold, followed by Europe and Africa. In 2024, gold accounted for 65.4% of Ghana's total exports to Asia, 60.2% of exports to Europe and 49.4% of exports across Africa. More than half of Ghanaian gold exports to each continent were concentrated in a single country; 53.1% of exports to Asia went to the United Arab Emirates (UAE), 60.2% of exports to Europe were directed to Switzerland and 60.5% of African exports were received by South Africa.
Asia strengthened its gold trading with Ghana, with countries such as China and India ranking amongst top export markets for Ghana. In Europe, the Netherlands, Spain, Italy, Germany, the United Kingdom, Belgium, France, Bulgaria, Portugal, Poland, Gibraltar and Estonia accounted for a significant share of Ghana's gold exports. In Africa, Burkina Faso, the Ivory Coast, Togo and Mali rank as the top importers of Ghanaian gold.
Beyond these regions, Canada accounted for 58.6% of Ghana's gold exports to North America, while Brazil received 94.1% of the country's gold exports to Latin America.
Looking ahead, Ghana's expanding gold production is expected to further strengthen trade with its top export markets, as these nations continue to invest in the country's mining sector. The UAE's Emiral Resources is the largest shareholder in Asante Gold Corporation (https://apo-opa.co/4bVIqXE), which is executing a $522 million expansion strategy, including the development of the Bibiani project. Meanwhile, India's Rosy Royal Minerals holds an 80% stake in the Royal Ghana Gold Refinery, the country's first gold refinery, positioning India as a key player in Ghana's gold value chain.
Amid these developments, Mining in Motion will feature high-level discussions, networking sessions, and project showcases, reinforcing Ghana's role as a key gold supplier to global markets.
Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting ASGM and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MininginMotionSummit.com. For sponsorship opportunities or delegate participation, contact Sales@ashantigreeninitiative.org.
Distributed by APO Group on behalf of Energy Capital & Power.
Ambrosia Enters Malian Market
In February 2025, investment fund Ambrosia Investment Holding acquired a 50% stake in Canadian firm Allied Gold's mining projects in Ethiopia and Mali. As part of the deal, Ambrosia will inject $375 million in working capital to accelerate project development, boosting Ethiopia and Mali's gold output by 290,000 ounces per annum by mid-2026 and 400,000 ounces per annum by 2028, respectively. Additionally, Ambrosia plans to deploy solar photovoltaic and battery energy storage systems to ensure energy security at the Sadiola mine in Mali by July 2026 as part of the acquisition agreement.
AD Ports Kickstarts Luanda Operations
Logistics firm AD Ports Group started operations at the Luanda Port in January 2025 as part of a $250 million investment plan. With the Luanda Port handling 76% of Angola's cargo volumes and serving as a crucial trade corridor between international markets and Angola, Zambia and the Democratic Republic of Congo, AD Ports' investment will bolster the region's mining sector. AD Ports will operate the terminal over the next 20 years. The company could increase investments at the facility to $380 million to meet the growing demand for logistics as Angola's container volumes are anticipated to increase by 3.3% annually over the next decade.
IHC Bolsters Production at Mopani Mine
International Holding Company boosted ore production at the Mopani Mine in Zambia from 2.2 million tons to 2.8 million tons in January 2025 through its $1.1 billion investment made in March 2024. The mine has also improved copper grade from 1.68% to 2.21% and expanded employment from 10,765 to 12,684 workers.
Emiral Expedites Ghana, Mauritania Projects
Emiral Mining is fast-tracking its iron ore project in Mauritania, with a pre-feasibility study report set for release in Q1, 2025. The company has invested $40 million in exploration since February 2020. Additionally, Emiral Mining is strengthening Ghana's gold industry through its majority stake in Asante Gold Corporation, the operator of Ghana's major gold mines such as Bibiani and Chirano. Asante Gold Corporation is undertaking a $522 million expansion program for the Bibiani and Chirano Mines.
Looking Ahead
A number of UAE public and private sector entities are seeking partnership and investment opportunities across various African markets. International Resources Holding signed an agreement with South Africa's Public Investment Corporation in late 2024 to invest in mining, green energy and logistics projects. Similarly, DP World announced a five-year $3 billion investment plan in mid-2024 to enhance Africa's logistics infrastructure and facilitate mineral exports to international markets. In Kenya, the UAE Ministry of Investment and Abu Dhabi's sovereign wealth fund ADQ signed agreements in 2024 to invest in the country's mining sector as part of broader efforts to enhance bilateral trade and economic cooperation.
The upcoming African Mining Week – taking place October 1-3 in Cape Town - presents an ideal platform for UAE and African stakeholders to strengthen industry cooperation. As the premier event for the African mining industry, African Mining Week fosters collaboration and dealmaking, striving to advance projects and consolidate the continent's position as a global mineral producer. The event takes place under the theme From Extraction to Beneficiation: Unlocking Africa's Mineral Wealth.
African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.
Distributed by APO Group on behalf of Energy Capital & Power.
Ecobank Côte d'Ivoire, a subsidiary of Ecobank Transnational Incorporated (www.Ecobank.com), the leading Pan African Bank, takes a major step forward in its commitment to financial inclusion with the launch of the first Gender Bond in West Africa. This groundbreaking bond issuance, amounting to XOF 10 billion, aims to mobilize funding for women-owned and women-led businesses, reducing financing inequalities and fostering inclusive economic growth.
Named "Ellever Gender Bond 6.5% 2024-2029," this bond has been structured and arranged by EDC Investissement Corporation (EIC), Ecobank's Brokerage and Asset Management subsidiary. It marks Ecobank Côte d'Ivoire's second bond issuance after its initial fundraising in 2013. Aligned with international sustainable finance standards, the Gender Bond has received an independent second-party opinion from Morningstar Sustainalytics, ensuring compliance with global best practices in responsible investment.
Since its inception, the ELLEVER program has made a tangible impact on women entrepreneurship. In 2024, over 3,465 businesses registered, benefiting from XOF 13.25 billion in disbursed loans. However, access to financing remains a significant challenge for women entrepreneurs in West Africa, where less than 20% of women-led SMEs have access to adequate funding. Globally, Gender Bonds represented only USD 14.5 billion, accounting for just 1.5% of the sustainable bond market in 2023, underscoring the need to expand such initiatives.
According to Paul-Harry Aithnard, Managing Director of Ecobank Côte d'Ivoire, women's financial inclusion is a major economic priority. "This Gender Bond provides a tangible solution to the challenges faced by women entrepreneurs in West Africa. Today, women-led businesses are recognized for their resilience and performance, yet they remain significantly underfunded. Through this issuance, we reaffirm our commitment to building an ecosystem where women have full access to the financial resources they need to grow and succeed. This is a powerful tool to transform access to financing and sustainably accelerate the growth of women-led businesses."
The "Ellever Gender Bond 6.5% 2024-2029" offers investors and the public a unique opportunity to combine profitability with social impact. This five-year bond provides an attractive annual interest rate of 6.5% with a two-year capital repayment grace period. The total issuance of XOF 10 billion consists of one million securities with a nominal value of XOF 10,000 each.
All funds raised will be fully allocated to strengthening the ELLEVER program, financing initiatives led by women, and providing them with tailored financial and technical support. Roseline Abé, Chief Executive Officer of EDC Investissement Corporation, highlights the significance of this initiative: "We have structured this bond to be attractive to investors while delivering a strong impact on women's empowerment in Côte d'Ivoire. This is a unique opportunity to combine financial performance with social inclusion."
With this Gender Bond, Ecobank Côte d'Ivoire cements its leadership in sustainable finance and paves the way for greater economic inclusion. The bank's ambition goes beyond this issuance, as it envisions a long-term strategy to promote innovative and inclusive financial instruments.
Paul-Harry Aithnard concludes: "This issuance is just the beginning. We will continue to develop tailored solutions to enhance women's participation in the economy and encourage other financial institutions to follow this path."
Through this initiative, Ecobank Côte d'Ivoire is transforming access to finance and reaffirming its commitment to inclusive and sustainable development.
Distributed by APO Group on behalf of Ecobank Transnational Incorporated.
Media Contact:
Cynthia KOIDIO
Corporate Communications Manager
Ecobank Côte d'Ivoire
Email: ckoidio@ecobank.com
Tel : +2250787733729
About Ecobank Côte d'Ivoire:
Ecobank Côte d'Ivoire is a subsidiary of the Ecobank Group, the leading independent pan-African banking group, whose parent company is Ecobank Transnational Incorporated (ETI).
The Ecobank Group employs over 13,000 professionals, serving approximately 32 million customers across retail, commercial, and corporate banking sectors in 33 African countries. The Group also holds a banking license in France and maintains representative offices in Addis Ababa (Ethiopia), Johannesburg (South Africa), Beijing (China), London (United Kingdom), and Dubai (United Arab Emirates). Ecobank offers a comprehensive range of banking products, services, and solutions, including deposit accounts, cash management, advisory services, trading, securities brokerage, and wealth management. ETI is listed on multiple stock exchanges, including the Nigerian Stock Exchange (Lagos), the Ghana Stock Exchange (Accra), and the Bourse Régionale des Valeurs Mobilières (Abidjan).
For more information, visit www.Ecobank.com.
JOHANNESBURG: Recon Tactical Free State all-rounder Miane Smit is steadily carving out a name for herself in South African women’s...
Macpherson undertakes working visit to the Middle East
Public Works and Infrastructure Minister Dean Macpherson is from today to 28 February undertaking an official working visit to the Middle East.
The visit will include Kuwait, the United Arab Emirates, the Kingdom of Saudi Arabia and Qatar.
The Minister is joined by the MEC for Public Works and Infrastructure in Limpopo Ernest Rachoene and the Chairperson of the eThekwini Municipality Economic Development and Planning Committee Thembubuhle Ntuli.
The visit forms part of the Minister’s commitment to attracting infrastructure investment into South Africa which will help turn the country into a construction site, boosting economic growth and creating jobs.
In each country, the Minister and his delegation will meet with his state counterpart or equivalent, sovereign wealth funds, state-owned entities and private sector businesses that can invest in South African infrastructure projects.
The Middle East represents an untapped market for South African infrastructure projects, with limited investment having taken place in the past. – SAnews.gov.za
Matona
Thu, 02/20/2025 - 16:28
76 views
Denel to show off wares at UAE exhibition
Denel is set to strengthen its global presence at IDEX25, one of the world’s largest defence and technology exhibitions, next week.
The exhibition will take place in Abu Dhabi, the capital of the United Arab Emirates (UAE).
Denel’s Group CEO, Tsepo Monaheng, stated that IDEX25 provides an excellent platform for the company to reintroduce its products, which are consistently recognised as cost-effective solutions for defence and security needs.
“We want to say to current and future clients, Denel is back, and we can still deliver quality products and new innovations in a rapidly changing defence industry,” he said.
The organisers anticipate nearly 1 400 exhibitors from 65 countries and expect to attract around 135 000 visitors, including defence decision-makers, industry leaders, and analysts from around the globe.
“It will provide us with a new platform to display the quality of our defence systems and to reach new markets in the Far East, and Eastern Europe, which have been identified as growth markets by Denel,” Monaheng added.
According to the State-owned arms company, the display at the international show will be the top range of its guided weapons and landward products, including the Inkunzi PAW-20.
Inkunzi PAW-20 is a stand-alone system with innovative characteristics that adds real combat value, such as an operational range of up to 1000m, semi-automatic, quick reload time, magazine-fed, and non–degrading suppressive fire effect over the full range.
The weapon is produced by Denel Pretoria Metal Pressings (PMP), which is Africa’s leading manufacturer of small and medium calibre ammunition.
The PAW-20 which is a well-known weapon, is designed to fire a 20x42mm round from the shoulder.
It can be effectively used in infantry combat situations, including engagements with smaller buildings, as well as soft-skinned vehicles or boats.
Also, on display will be Denel’s range of guided weapons, including the Marlin air-to-air missile, the Ingwe Anti-Tank Guided Missile (ATGM), and the Umkhonto-IR surface-to-air system.
According to Monaheng, the global interest in Denel has not waned in recent years, but its reputation remains intact despite the difficulties the State-owned company has experienced.
“The quality of our products, services, and people remain known in the defence and technology sectors.”
IDEX has been the premier exhibition of its kind in the Middle East region for more than 30 years and will be a significant platform for Denel to market its capabilities and interact with decision-makers who will be in Abu Dhabi in mid-February.
The CEO stated that they are going to use its presence at IDEX25 to build stronger relationships with customers and stakeholders, explore options for smart partnerships, and reconfirm the Denel brand in the global defence and technology environments.
“Denel remains a valuable asset for the country. We are still open for business, and we can still leverage from the superior quality of our product range and the quality of our services,” he added. – SAnews.gov.za
Gabisile
Wed, 02/12/2025 - 08:47
