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President Ramaphosa to undertake State Visit to China

Location: News

President Ramaphosa to undertake State Visit to China

President Cyril Ramaphosa is set to undertake a State Visit to the People’s Republic of China from 2-5 September 2024, to further strengthen diplomatic and trade relations between the two countries.

This visit follows President Xi Jinping’s fourth State Visit to South Africa in August 2023.

China is South Africa’s largest trading partner with bilateral trade standing at US$34 billion in 2023, made up of exports totalling US$12 billion and imports at US$22 billion. 

READ | SA and China strengthen political, trade relations

Minister in the Presidency Khumbudzo Ntshavheni said on Thursday China had also been a major contributor to South Africa’s investment drive and is the country's largest source of foreign direct investment.

“A number of important agreements are expected to be concluded during the State Visit, including a Framework Agreement on Development Cooperation, the trade balance and market access expansion,” Ntshavheni said during a media briefing to outline the outcomes of Cabinet's meeting on Wednesday.

A South African delegation will also participate in the Forum on China-Africa Cooperation (FOCAC) which will take place from 4-6 September 2024.

FOCAC is multilateral coordination mechanism between Chinese and African countries, and it is viewed as a cooperation platform within the Chinese Belt and Road Initiative which is China’s global infrastructure development strategy. – SAnews.gov.za

DikelediM
Thu, 08/22/2024 - 13:49

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Read morePresident Ramaphosa to undertake State Visit to China

TikTok Announces Industry-First Sub-Saharan Africa Safety Advisory Council

Location: News
TikTok

TikTok (www.TikTok.com) is taking major steps to boost safety on its platform across Sub-Saharan Africa with the launch of its inaugural Safety Advisory Council and the expansion of its #SaferTogether community education campaign. By partnering with key stakeholders, including policymakers, members from academia, NGOs, and community leaders, TikTok aims to foster a collaborative approach to ensuring a secure and positive platform environment. This announcement was made at TikTok's Safety Summit held in Nairobi, Kenya. 

A Continuous Investment: The Safety Advisory Council 
Since 2020, TikTok has established nine regional Safety Advisory Councils alongside the U.S. Content Advisory Council, each composed of experts in areas such as youth safety, free expression, and hate speech. These councils play a vital role in shaping TikTok's policies, product features, and safety processes, ensuring the platform remains responsive to evolving challenges. 

The newly launched Sub-Saharan Africa Safety Advisory Council will further this effort by bringing together local experts who will collaborate with TikTok to develop forward-looking policies and address regional safety concerns. Their input will help TikTok manage current issues and anticipate future challenges, reinforcing the platform's commitment to user safety and fostering a positive online environment. 

Members of the Sub-Saharan Africa Safety Advisory Council are: 

  • Prof Guy Berger, Rhodes University (South Africa)  
  • Dennis Coffie, Content creator (Ghana)  
  • Peter Cunliffe-Jones, University of Westminster Visiting Research Fellow (UK)  
  • Aisha Dabo, Co-Founder and coordinator of AfricTivistes (Senegal)  
  • Lillian Kariuki, Founder and Executive Director of Watoto Watch Network (Kenya)  
  • Dr Akinola Olojo, Expert on preventing and countering violent extremism (Nigeria)  
  • Prof Medhane Tadesse, Policy academic on peace and security issues (Ethiopia) 
  • Berhan Taye, Independent Researcher (Ethiopia)  

"With the launch of the Sub-Saharan Africa Safety Advisory Council, we are demonstrating our commitment to including expert African voices in our Trust and Safety work. This group of leaders was chosen for their broad range of expertise and experience, and we look forward to working with them over the coming years." - Valiant Richey, Global Head of Outreach and Partnerships, Trust and Safety, TikTok 

#SaferTogether: A Community-Centric Approach 
This iteration of the #SaferTogether campaign is designed to engage the community actively in promoting a basic understanding of the platform's community guidelines and safety features. This initiative will include workshops, social media outreach, and partnerships with key stakeholders to raise awareness about the importance of following TikTok's community standards. The campaign aims to foster a collaborative effort to ensure a secure environment for creative expression. 

Fortune Mgwili-Sibanda, Director of Government Relations & Public Policy for Sub-Saharan Africa emphasised, “The community empowerment campaign highlights the importance of safety being a shared responsibility. This part of the campaign will speak directly to the TikTok community, to join us in making TikTok a safer space for all by ensuring they follow the Community Guidelines and use the safety features available to them. With the additional layer that the Safety Advisory Council presents, we believe that safety can be achieved, collectively.” 

Understanding TikTok's Community Guidelines 
TikTok's Community Guidelines (https://apo-opa.co/4dT5vdm) are integral to the platform's safety efforts. Developed through comprehensive research and input from various stakeholders, including safety experts and community members, these guidelines set the standard for acceptable behaviour and content on the platform. They are designed to foster a safe and welcoming environment, ensuring that everyone can express themselves freely and creatively while staying protected from potential harm. The guidelines are continuously updated to address emerging safety concerns and support a respectful online community. 

Impact of the #SaferTogether Partnerships in Sub-Saharan Africa 
In Kenya, TikTok has so far achieved remarkable milestones with its flagship #SaferTogether workshops (https://apo-opa.co/3Ayt4cZ).  

  • Reaching students and youth aged 13 to 24 from secondary schools to universities 
  • Conducting workshops in 26 out of 47 counties across Kenya, these workshops continue to encourage best practices on online platforms 
  • Workshops have also benefitted over 64,000 students, more than 467 parents, and 346 teachers 

In 2022, the #SaferTogether workshops and campaign launched in Nigeria. 

Earlier this year, TikTok announced the official partnership with the African Union Commission's Women, Gender, and Youth Directorate (https://apo-opa.co/3XhbDGU) (WGYD) at the inaugural TikTok Safer Internet Summit in Ghana. This partnership will help deliver digital literacy programmes across Africa, guiding young people and their caregivers on how to diversify their livelihoods using digital platforms, in a safe and engaging way.  

Safaricom has been a long-standing strategic partner of TikTok, collaborating on a number of mobile and network initiatives over the past several years, including TikTok data bundles and participating in the #LevelUpAfrica Creator event. In light of these ongoing collaborations, Safaricom expressed strong support for TikTok's recent efforts to enhance online safety in Africa. "At Safaricom, we see the internet as a resource that everyone should have access to, safely. Having witnessed the announcement of the TikTok Safety Advisory Council and the launch of the #SaferTogether campaign, we commend TikTok's efforts in bringing together various stakeholders for a common goal – ensuring online safety and promoting the safe use of its platform across Africa," said Fawzia Ali, Chief Consumer Business Officer, Safaricom PLC. 

More information about the work of the Safety Advisory Councils can be found on TikTok's Transparency Centre (https://apo-opa.co/3MmsGAJ). 

Distributed by APO Group on behalf of TikTok.

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Collaborative Effort Leads to the Safe Return of Crocworld’s Harris Hawk, With 2 Arrests Made

Location: MyPR

There is cause for celebration as a collaborative effort of concerned citizens and police resulted in the safe return of a Harris Hawk that was stolen from Crocworld Conservation Centre on 25 July. Two suspects were arrested for the break-in and theft which included a breeding pair of Jackal Buzzards and a chick, one of …

Read moreCollaborative Effort Leads to the Safe Return of Crocworld’s Harris Hawk, With 2 Arrests Made

United Nation migration agency issues $18.5 million appeal to prepare for mpox ‘surge’

Location: News

UN News
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Migrants and other marginalized and highly mobile populations including those uprooted from their homes by natural emergencies and conflict are far more prone to infection because of poor living conditions and the “significant barriers” many often encounter in seeking help, explained the International Organization for Migration.

“The spread of mpox across East, Horn and Southern Africa is a grave concern, especially for the vulnerable migrant, highly mobile populations and displaced communities often overlooked in such crises,” said Amy Pope, IOM Director General. “We must act swiftly to protect those at the highest risk and to mitigate the impact of this outbreak on the region.” 

Migration hub

Mpox has affected people in the African region for more than a decade, the UN agency said, noting that the Horn, eastern and southern Africa region hosts 12.2 million international migrants – nearly half of all migrants in Africa.

Highlighting data from the UN World Health Organization (WHO), the IOM noted that by 8 August, of the 12 African countries that reported an outbreak, six were from those regions. As of July, new cases emerged in previously unaffected Kenya, Burundi, Rwanda and Uganda, with cross-border infection cited as a factor in the spread of disease.

The IOM appeal for 13 countries – Burundi, the Democratic Republic of the Congo (DRC), Eswatini, Kenya, Malawi, Mozambique, Rwanda, South Africa, South Sudan, Tanzania, Uganda, Zambia and Zimbabwe - is intended to support infection-prevention, control and response measures, particularly at border crossings. It will help to fund awareness-raising activities among migrant and host communities, along with internally displaced persons.

“This preparedness and response plan aims to prepare for and respond to the anticipated surge in Mpox cases and mitigate the spread and the likely negative impacts of the virus spreading throughout the region,” the UN agency said.

Disease focus

IOM noted that the region's role as an “origin, destination and transit hub” for migrants could hinder disease prevention, adding that plans were in place to continue building the capacity of national healthcare workers and frontline responders, while also enabling the identification of high-risk areas to ensure effective monitoring of the disease and reduce its spread from country to country.

“Vulnerable populations such as migrants and IDPs impacted by mpox, or at risk of being affected, must receive the necessary healthcare and protection, particularly in regions where access to such services is limited and have a high number of migrants and displaced populations,” IOM said in a statement.  

International health threat

The UN agency's announcement comes one week since the UN World Health Organization (WHO) declared mpox a public health emergency of international concern, following the rapid spread of a new strain of the disease known as clade 1b from eastern Democratic Republic of the Congo.

Clade 1b is mainly transmitted through sexual contact, although the WHO said on Tuesday that more research was needed into other potential modes of infection from the blisters that are associated with the disease, such as contaminated bedding.

Latest WHO data indicates more than 15,000 suspected cases in the DRC including 537 deaths so far. The global total of mpox cases is more than 100,000.

The disease is known to transmit from animals to humans and spread by close contact with infected individuals or animals through respiratory droplets, blood, body fluids, or lesions. Symptoms include fever, rash, headaches, sore throat, muscle aches, swollen lymph nodes, and backache.

Here's our UN News explainer on the key facts you need to know about mpox.

Distributed by APO Group on behalf of UN News.

Read moreUnited Nation migration agency issues $18.5 million appeal to prepare for mpox ‘surge’

KZN twin sisters gearing up to fly SA flag high in Sweden

Location: News

KZN twin sisters gearing up to fly SA flag high in Sweden

Fifteen-year-old twins from KwaDabeka, outside Pinetown in KwaZulu-Natal, are gearing up to fly the South African flag high in the upcoming Stockholm Junior Water Prize competition, set to take place in Stockholm, Sweden, on Sunday.

The sisters, Sandisiwe and Sanelisiwe Nhlozi, won the South African Youth Water Prize (SAYWP) competition in June this year.

The competition is spearheaded by the Department of Water and Sanitation and challenges secondary and high school learners to identity a water problem in their community and come up with innovative and technology-based solutions to address the challenge.

The duo, who are currently in Grade 10 at Buhlebemfundo Secondary School, will present their aptly named “Drop-Drop” water education and awareness app that is aimed at enhancing education around the importance of prudent water use in communities.

The enthusiastic twin sisters have not only set their eyes on winning during the Stockholm Junior Water Prize competition, but plan to further refine their project and see it through its implementation in South Africa.

“Of course, we want to win, but if it happens that we do not win, we hope to see “Drop-Drop” being developed further and implemented in communities where it is needed the most,” the pair said.

The Nhlozi sisters have high hopes for their lives and expressed that through the comprehensive bursaries awarded by the Department of Water and Sanitation after winning the SAYWP competition.

The learners plan to pursue their studies in Civil Engineering after completing their matric, with the hope of working in the water sector and contributing solutions to address water challenges in the country. 

“When we won the SAYWP competition, we were so overwhelmed with joy and gratitude. Although we did not think that we would win, because of the tough competition with our counterparts from other provinces, it was through teamwork and dedication that we were crowned winners,” Sandisiwe said.

The twin sisters and best friends expressed their excitement about travelling together for the first time outside of the country for the opportunity to represent South Africa on a global stage.

“Being provided with this opportunity to represent South Africa is an incredible honour and privilege. We feel proud, excited, and nervous, but we find comfort in each other and in knowing that learners at our school and even those we competed with are supporting us,” Sanelisiwe said.

The department has wished the duo well and said it is committed to working together with the Department of Basic Education to help raise awareness about water education, and to attract and get young minds to develop an interest in the sector.

Stockholm Junior Water Prize is a competition for learners aged between 15 to 20 years who have developed research projects that can help solve major water challenges.

The competition attracts tens of thousands of entries from approximately 35 countries. – SAnews.gov.za
 

GabiK
Wed, 08/21/2024 - 14:12

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Taboola Partners With Aleph Holdings to Accelerate Operations in Africa, Connecting Advertisers and Publishers With Consumers and Readers

Location: MyPR

Taboola (Nasdaq: TBLA), a global leader in powering recommendations for the open web, today announced an expansion of its operations to serve advertisers and publishers in Africa. Partnering with Aleph Holdings, Taboola’s advanced AI-powered technologies and consumer reach will now be accessible to advertisers and publishers in countries including South Africa, Nigeria, Kenya, Egypt and …

Read moreTaboola Partners With Aleph Holdings to Accelerate Operations in Africa, Connecting Advertisers and Publishers With Consumers and Readers

Tailored Support for Women Entrepreneurs Will Raise SA’s Job Creation and Economic Growth Prospects

Location: MyPR

South African women are exiting their businesses at a higher rate than they are starting and running businesses indicating they need more support in growing start-ups to the established stage of more than 3.5 years. This is a key finding of the Global Entrepreneurship Monitor (GEM) South Africa Report 2023/2024 by Stellenbosch Business School, launched …

Read moreTailored Support for Women Entrepreneurs Will Raise SA’s Job Creation and Economic Growth Prospects

African Development Bank Group Supports Study Tour to Brazil to Inspire African Cities

Location: News
African Development Bank Group (AfDB)

From August 5 to August 13, 2024, representatives from seven African cities visited the Brazilian cities of Sao Paulo, Fortaleza and Curitiba, to discover inspiring solutions being implemented by local authorities to promote sustainable urban development. 

The Study Tour, organised as part of the African Development Bank's African Cities Program (ACP) (http://apo-opa.co/3Azu2pl), launched in 2020, was financed by the South-to-South Cooperation Trust Fund (SSCTF) in collaboration with the Bank Group's Urban and Municipal Development Fund (UMDF), with the participation of the C40 Cities Climate Leadership Group (http://apo-opa.co/4fUnhyo).

The trip was inspired by the idea that peer exchanges between cities in the Global South can enrich the urban planning approaches and strategies of decision-makers in African municipalities.

"Africa's rapid urban transition has many similarities with that experienced by Latin America in the 1950s and 60s,” said Darline Tognia, UMDF Coordinator and leader of the delegation. “By visiting Brazil today, we can see firsthand, and with hindsight, how cities have absorbed this growth; which solutions have worked, and which have not.”

The delegation consisted of 19 high-level municipal staff drawn from planning departments, finance departments, transportation services, and others, working in eight African cities which are already benefiting from the Urban and Municipal Development Fund and C40: Nairobi (Kenya), Beira (Mozambique), Tshwane (South Africa), Lomé (Togo), Dakar (Senegal), Addis Ababa (Ethiopia) and Freetown (Sierra Leone). 

The visit started in Sao Paulo, the largest city in South America, where innovation and sustainability coexist with complex urban and environmental challenges. At Parque Bristol, a popular neighbourhood, participants visited a publicly run multipurpose facility for children, which benefits from a “School Feeding Program”, a large-scale municipal effort to promote healthy eating, while also supporting urban agriculture.

As part of the tour, the group also met with waste recycling cooperatives, visited an electric bus maintenance center, learnt about public transport by river-boats, and how informal settlements are being upgraded by the municipality trough the provision of basic infrastructure, improved transport integration, social housing programs and environmental protection measures.  

In Fortaleza, a coastal city in north-east Brazil, and the second leg of the tour, the delegation saw various initiatives that have significantly improved the cityscape; in sustainable mobility, youth engagement and climate resilience.

The tour came to an end in Curitiba, a city of 2 million inhabitants, renowned for its innovative approach to sustainable development and urban mobility. The delegation learnt about the Bus Rapid Transit (BRT) system implemented by the city, as well as its slum upgrading, urban planning and solid waste management programs.

The Urban and Municipal Development Fund envisioned the trip as a means of consolidating a network of African cities interested in adopting urban solutions with an inclusive and human-centered approach.

The Brazil tour follows previous ones organized in 2022 to Copenhagen (Denmark) and Malmo (Sweden) (http://apo-opa.co/4fKPMih), to discover the renowned sustainable urban planning strategies of Nordic countries.

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

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Outsourced CFO Wins At Annual African Excellence Awards

Location: MyPR

Outsourced CFO wins Best Global CFO & Accounting Services Provider at the African Excellence Awards, for their commitment to exceptional financial solutions. Outsourced CFO, a leading provider of financial and accounting services, is proud to announce its recognition as the Best Global CFO & Accounting Services Provider 2024 by the Seventh Annual African Excellence Awards. This …

Read moreOutsourced CFO Wins At Annual African Excellence Awards

Work, life and Artificial Intelligence (AI): 34% believe that AI can be a better boss than a human

Location: News
Kaspersky

AI is becoming a new member of society according to results from a new Kaspersky (www.Kaspersky.co.za) survey titled ‘Excitement, Superstition and great Insecurity – How global Consumers engage with the Digital World' (https://apo-opa.co/3WRj99J). The study also found that today artificial intelligence is taking on new roles in fields where it can succeed and be trusted by humans.

Based on statistics from Similarweb (https://apo-opa.co/46WpO7u), ChatGPT, one of the world's most popular chatbots, garnered 153 million visits in the first month after its launch in November 2022, and peaked at 2 billion visits in April 2024. In light of the rapid advancements in AI, Kaspersky has conducted an in-depth study to explore current levels of confidence in AI. The study examines its roles from management positions in the workplace to assisting with significant life decisions.

According to the study, respondents see AI as their team member at work, and a manager – 34% globally believe AI can be a fairer boss than a human being because of its impartiality. For respondents from the Middle East, Turkiye and Africa (META) region this statistic is 40%. In South Africa it is 42%.

Another area where AI can play an active role is education. 47% of respondents globally, 60% in the META region and 68% in South Africa foresee children being taught through virtual experience and Metaverses in the near future.

Half (50%) of all consumers globally, 53% in the META region and 64% in South Africa believe that AI has already become an unavoidable part of their lives, with 43%, 46% and 52% respectively having a positive outlook on its potential to bring about many exciting opportunities and improve the future for everyone. A large portion of respondents admit that AI has capabilities in creative areas – 62% globally, 59% in the META region and 53% in South Africa believe AI is a credible producer of works of art.

AI can also be considered a reliable companion and an assistant in everyday life. More than half of respondents (57%) globally, 67% in the META region and 60% in South Africa would like to use AI to run their daily lives more efficiently.

48% of those surveyed globally, 60% in the META region and 56% in South Africa are ready to use an AI chatbot to have conversation online - 31%, 38% and 33% respectively would use it to help them to find the right partner on a dating app. In fact, 48% globally, 58% in the META region and 63% in South Africa believe that human relationships will change because of the impact of AI if virtual characters start replacing real-life partners.

“We are witnessing the growing adoption of AI as a valuable tool, assisting people in diverse areas. Beyond traditional applications, such as processing and analysing data, AI is being entrusted with more intriguing personal roles, including romance, education, and work. As AI technologies continue to evolve, their potential to drive innovation and improve human experiences becomes even more profound. However, this advancement also brings unexpected risks and sophisticated threats, ranging from overreliance — putting too much trust in AI advice — to AI-generated phishing, deepfakes and identity theft. These are the challenges that we need to address across multiple levels,” comments Vladislav Tushkanov, Machine Learning Technology Research Group Manager at Kaspersky.

In order to protect users against AI-driven threats, Kaspersky suggests:

  • Install a trusted cybersecurity solution (https://apo-opa.co/3yU026X) that can offer protection against AI-enhanced phishing by detecting malicious pages and preventing interaction with them. Such a solution will assist in identifying and blocking fraudulent emails and websites aiming to steal personal information.
  • To counter the risks posed by deepfakes, it is wise to avoid trusting requests for data or money immediately, even if they seem to come from friends, family members or colleagues. Verifying the authenticity of the request through alternative communication methods is a prudent step.
  • Utilising an online Privacy checker (https://apo-opa.co/3AtvdGX) is essential for adjusting privacy settings to limit exposure to AI-enhanced identity theft. This approach minimises the amount of personal information accessible online, making it more challenging for threat actors to exploit personal data.

The full Kaspersky report ‘Excitement, Superstition and great Insecurity – How global Consumers engage with the Digital World' is available via this link (https://apo-opa.co/3WRj99J).

Distributed by APO Group on behalf of Kaspersky.

About the survey:
In June 2024, Kaspersky commissioned Arlington Research to conduct an online survey of 10,000 respondents to explore the respondents' attitude towards current digital superstitions, AI role in human's life and topic of digital immortality. The sample included 1,000 respondents from each of the UK, Germany and France, and 500 in Spain, Italy, Portugal, Brazil, Mexico, Russia, Kazakhstan, India, China, Indonesia, Turkiye, KSA, UAE, and South Africa.

About Kaspersky: 
Kaspersky is a global cybersecurity and digital privacy company founded in 1997. With over a billion devices protected to date from emerging cyberthreats and targeted attacks, Kaspersky's deep threat intelligence and security expertise is constantly transforming into innovative solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company's comprehensive security portfolio includes leading endpoint protection, specialized security products and services, as well as Cyber Immune solutions to fight sophisticated and evolving digital threats. We help over 200,000 corporate clients protect what matters most to them. Learn more at www.Kaspersky.co.za. 

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Tugboats position KZN as preferred logistics and transport hub

Location: News

Tugboats position KZN as preferred logistics and transport hub

KwaZulu-Natal Premier Thamsanqa Ntuli says the introduction of tugboats is not only a boost for the provincial port, but a significant advancement for the province’s economy, particularly within the logistics and maritime sectors.

Ntuli was speaking at the recent christening and naming ceremony of five new tugboats at the Port of Durban, hosted by the Transnet National Ports Authority (TNPA) Eastern Region.

The ceremony marked a major milestone in the TNPA Marine Fleet Renewal Programme, a key component of Transnet’s broader Recovery Plan aimed at enhancing shipping efficiencies across South African ports.

The five newly acquired tugboats are set to be injected into the port’s operations, reinforcing the Marine Fleet Renewal Programme’s objectives of increasing marine craft availability and ensuring smoother, more efficient port operations.

This strategic initiative aligns with Transnet’s mission to revitalise its infrastructure and strengthen the country’s logistics network.

Ntuli congratulated the TNPA on this critical acquisition, emphasising the importance of modernising port infrastructure to meet the evolving needs of the maritime industry.

“The introduction of the tugboats is not only a boost for the port, but a significant advancement for the province’s economy, particularly within the logistics and maritime sectors. This initiative positions KwaZulu-Natal as the preferred logistics and transport hub in South Africa.

“Strategic investments, such as the R1 billion allocated to enhancing the Durban Port, are vital to driving economic growth and creating much-needed employment opportunities in our province," Ntuli said.

Ntuli said both the Durban and Richards Bay ports are primed to become preferred gateways for cargo exports, bolstering KwaZulu-Natal’s economic competitiveness, and supporting South Africa’s global trade ambitions.

Journey toward economic recovery on course

Transnet Board Chairperson Andile Sangqu underscored the importance of the TNPA Marine Fleet Renewal Programme, noting that Transnet’s journey towards economic recovery is firmly on course.

With the advancements in operations and strategic initiatives, particularly through the Marine Fleet Renewal Programme, Sangqu said Transnet is witnessing significant progress in restoring and enhancing the efficiency of South Africa’s port infrastructure.

He said the successful implementation of these initiatives reflects Transnet’s commitment to fulfilling the objectives of the Transnet Recovery Plan.

“This plan is crucial to maintaining South Africa’s competitive edge in the global maritime industry and ensuring the country’s ports operate at world-class standards. The christening of these five tugboats marks a new chapter for the Port of Durban and sets the foundation for further advancements in the province’s maritime capabilities.

“With KwaZulu-Natal’s strategic location and ongoing investments in port infrastructure, the province is well-positioned to become a leader in logistics and transportation, driving economic growth and fostering international trade,” Sangqu said. – SAnews.gov.za
 

GabiK
Mon, 08/19/2024 - 10:50

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Read moreTugboats position KZN as preferred logistics and transport hub

Let’s harness improved confidence to drive inclusive growth – President

Location: News

Let’s harness improved confidence to drive inclusive growth - President

President Cyril Ramaphosa says government remains committed to collaborating with business, labour unions, and other social partners to advance the structural reforms necessary for fostering inclusive economic growth and creating jobs.

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

“We cannot rebuild our country unless all South Africans work together. We will continue to work with business, labour and other social partners to drive the structural reform process that will boost inclusive economic growth and jobs.

“There is indeed an air of optimism in our country. Let us harness this confidence and goodwill to increase the momentum of our shared efforts to build and strengthen our economy,” the President said.

President Ramaphosa highlighted that over the last few months, the country has seen a growing confidence among investors, business and citizens over the prospects of the economy.

The latest Business Confidence Index published by the South African Chamber of Commerce and Industry (SACCI) points to an increase in business confidence since the elections in May.

The President noted that this sentiment is evident in the Johannesburg Stock Exchange’s All-Share Price Index, which increased by about 8% from the end of May to the end of July 2024. 

“This is welcome news, particularly in light of the most recent employment figures released by Statistics South Africa, which show that unemployment remains extremely high at 33.5%.

“Business confidence is so important to our efforts to create jobs because it signals an improved business environment and encourages new investment. Greater investment in the economy enables faster growth and more job opportunities,” he said. 

For several years, the country has experienced low levels of business confidence, having been negatively affected by the prolonged electricity crisis, State capture, concerns about corruption, the decline of State-owned enterprises and the manner in which law enforcement agencies had been compromised.

President Ramaphosa further reflected that investors have also been concerned about obstacles to growth, such as delays in the release of broadband spectrum, inefficiencies in ports and rail operations, and regulations that have slowed down licensing processes. 

The President lauded the successful holding of the national and provincial elections in May and the formation of the Government of National Unity, both of which have had a positive effect on business confidence.

He said the progress that has been recorded in the reform process thus far has also contributed to the improved sentiment.

Rooting out corruption

To create a conducive environment, the President said government has shown its determination to tackle corruption.

Bodies like the National Prosecuting Authority (NPA), Special Investigating Unit (SIU) and the Hawks have brought several high-profile cases to trial. The permanent establishment of the NPA’s Investigating Directorate has also given further impetus to the fight against corruption.

Crime is also being tackled. Across the country, the President said, initiatives such as Operation Shanela have upped the war on crime.

“We are clamping down on illicit mining operations. Criminal syndicates involved in cable theft and extortion at construction sites are being dealt with. 

“Through a concerted effort from all stakeholders, we have confronted the electricity crisis. We have now had more than 140 consecutive days without load shedding. There has been a huge increase in new power generation capacity. 

“Investors have seen the growth opportunities in the far-reaching energy reforms we are undertaking. Just last week, I signed into law the Electricity Regulation Amendment Act, which will enable the establishment of a competitive electricity market,” the President said.  

The progress made in electricity provision, he said, gives confidence that the country can overcome the problems on the freight rail lines and ports.

Transnet’s recovery plan is showing progress, with the private sector providing significant technical support and resources to Transnet Freight Rail and Port Terminals.

In Gauteng, the Western Cape and KwaZulu-Natal, newly launched state-of-the-art passenger trains are now operating along refurbished and reopened rail corridors, offering commuters faster and more affordable transportation options. 

This development is expected to significantly reduce commuting times and costs for users.

Reforms and investment

Additionally, government has implemented changes to immigration regulations to attract skilled professionals, investment and tourists to South Africa. 

Approval processes for water use licences and energy projects have been expedited, and the release of broadband spectrum aims to unlock the full potential of the telecommunications sector.

These reforms are set to drive economic growth and enhance the country’s global competitiveness. 

The country is also making progress on infrastructure investment. According to Nedbank’s Capital Expenditure Project Listing, the value of fixed investment project announcements in the first half of this year rose to approximately R800 billion.

This was up sharply from just over R190 billion in 2023.

The public sector accounts for most of these projects in areas such as energy, transportation, health facility upgrades, roads and housing. 

“As government, we held a meeting with business leaders last week. Business expressed optimism about the recovery and growth of our economy. They committed themselves to a new era of partnership with government. We agreed on key actions we must now take to build on the progress that has already been made,” the President said. – SAnews.gov.za

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

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Read moreLet’s harness improved confidence to drive inclusive growth – President

Stanbic Bank, NBA Africa and Luol Deng Foundation Celebrate First Jr. NBA/Jr. Women’s National Basketball Association (WNBA) Finals in South Sudan

Location: Sport
National Basketball Association (NBA)

Stanbic Bank in South Sudan, NBA Africa (www.NBA.com) and the Luol Deng Foundation today hosted the first edition of the Stanbic Jr. NBA/Jr. WNBA Finals, which took place at the Nimra Talata Basketball Stadium in Juba, South Sudan.  Juba One 76ers were crowned the inaugural season's champions, with Khalid Jibrin named the finals' Most Valuable Player.

Notable attendees included Stanbic Bank South Sudan Head of Business Fred Ouko, Luol Deng Foundation Founder and two-time NBA All-Star Luol Deng, Luol Deng Foundation CEO Arek Deng, 1995 NBA All-Star and 1992 Slam Dunk champion Cedric Ceballos, Basketball Africa League President Amadou Gallo Fall, and South Sudan national team members Wenyen Gabriel, Kuany Kuany and Nuni Omot.  The event builds on Stanbic Bank and NBA Africa's multiyear collaboration, which launched in 2022 and featured the unveiling of a new outdoor basketball court at St. Mark's Orthodox School in Juba last December.

“The remarkable performance of the South Sudan national basketball team at the Paris Olympics highlighted the tremendous sporting talent within South Sudan,” said Stanbic Bank Chief Executive for Kenya and South Sudan Dr. Joshua Oigara.  “Through our collaboration with NBA Africa and the Luol Deng Foundation, we are supporting the country to build on this potential and remain committed to driving South Sudan's growth through meaningful collaborations and initiatives.”

“The success of the first Jr. NBA/Jr. WNBA league season in Juba speaks to the great passion for the game of basketball in South Sudan and its impact on local communities,” said NBA Africa CEO Clare Akamanzi.  “The South Sudan national team's performance on a global stage in recent months demonstrated how much the sport is growing in the country and we look forward to further collaborating with Stanbic Bank and the Luol Deng Foundation to make the game even more accessible for young people here.”

“I knew South Sudanese children had what it takes when the stage is set right for their learning, so I was not surprised about the talent,” said Deng.  “What impressed me the most is the improvement in coaching and seeing how each school showed up to support players.  The joy, the competitive, but yet peaceful spirit that the spectating students showed was so amazing to see.” 

“This is my first visit to South Sudan, and it was incredible to see all the excitement on the court this afternoon,” said Ceballos.  “I have seen firsthand the impact basketball can make on young people's lives and continuing to build on such platforms for boys and girls to play the game will be paramount to their success on the court, and in life.”

The Jr. NBA/Jr. WNBA is the league's global youth basketball program for boys and girls that teaches the fundamental skills and core values of the game – teamwork, respect, determination and community – at the grassroots level in an effort to help grow and improve the youth basketball experience for players, coaches and parents.  The Jr. NBA/Jr. WNBA program has been launched in 19 African countries, reaching more than 170,000 youth from across the continent last year.

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

Contacts:
Rachel Nderitu
Stanbic Bank
NderituR@stanbic.com
+254723710540

Pawel Weszka
NBA Africa
pweszka@nba.com
+27 10 007 2666

About Stanbic Bank:
Stanbic Bank is a member of the Standard Bank Group, Africa's largest bank by assets.  Stanbic Bank is licensed and regulated by the Bank of South Sudan and has provided banking services in South Sudan since 2004, before the signing of the Comprehensive Peace Agreement (CPA) in 2005.  The bank provides corporate, business and personal banking services to the key sectors that drive the South Sudan economy, including Oil & Gas, Power & Infrastructure, Humanitarian & Development Assistance, Government, Telecommunications and Insurance.  

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

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

About Luol Deng Foundation:
The Luol Deng Foundation (LDF) was established in 2005 to empower youth to realize their limitless potential through sport and development.  LDF creates pathways to opportunity through sport, education, wellness, and equality.  Over the years, LDF has grown beyond basketball and expanded its reach into areas of education, wellness, and equality for young South Sudanese.  We believe youth are the key to transforming our country and our world.

For more information visit www.LuolDeng.org, follow @ ldengf on Facebook, Instagram, Twitter and YouTube.

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President Ramaphosa raises concern over rise of Mpox in AU region

Location: News

President Ramaphosa raises concern over rise of Mpox in AU region

President Cyril Ramaphosa  has expressed deep concern about the rapid spread of Mpox across the African Union (AU) region, as both cases and deaths continue to surge, reflecting a concerning shift in the epidemiological pattern.

The President was speaking in his role as the AU Champion on Pandemic Prevention, Preparedness, and Response (PPPR) regarding the Mpox outbreak.

“In my role as the AU Champion on PPPR, I have been closely monitoring the evolving Mpox situation, regularly briefed by the Director-General of Africa CDC and PPPR Commission,” he said in a statement on Saturday.

Since the start of 2024, he said 17 541 cases (2 822 confirmed and 14 719 suspected) and 517 deaths due to Mpox have been reported across 13 AU Member States. 

This week, three additional countries notified cases under investigation for confirmation, which brings the total to 16 countries. 

“Alarmingly, the number of reported cases in 2024 has surged by 160% compared to the same period in 2023.” 

Strengthening the response to Mpox

He said that he fully backs the Director-General of the Africa Centres for Disease Control and Prevention’s (Africa CDC) declaration of Mpox as a Public Health Emergency of Continental Security. 

“This crucial decision empowers Africa CDC to lead and coordinate our collective response efforts, strengthening the Mpox response at every level – from community engagement to collaboration with the highest political authorities and our international partners.” 

He believes that the declaration will also galvanise political leadership and engagement among AU Heads of State and Government, facilitating the rapid mobilisation of essential financial and technical resources. 

The President also commended the Permanent Representatives Committee for their decisive action in releasing US$ 10.4 million from the COVID-19 Fund to support the Mpox outbreak response. 

“I urge the AU policy organs to expedite the finalisation of the framework for operationalising the African Epidemic Fund, as approved by the Heads of State during the 2023 AU Assembly, by the end of August 2024.” 

The President has since called the AU Member States to increase domestic resource allocation, lead their national Mpox outbreak responses and enhance their capacities. 

These capabilities include building capacity, risk communication, community engagement, case detection, contact tracing, and cross-border surveillance. 

Public Health Emergency of International Concern

He also welcomed the World Health Organisation’s (WHO) declaration of Mpox as a Public Health Emergency of International Concern (PHEIC). 

READ | WHO declares mpox outbreaks in Africa a global health emergency

The WHO said the upsurge of Mpox in the Democratic Republic of the Congo (DRC) and a growing number of countries constitute a PHEIC under the International Health Regulations (IHR).

However, the President said this PHEIC “must be different and correct the unfair treatment from the previous one declared in 2022, where vaccines and therapeutics were developed and made available primarily to Western countries, with little support extended to Africa”.

President Ramaphosa has since called upon WHO and all partners to collaborate closely with Africa CDC to ensure that this PHEIC unlocks appropriate support from the international community, guaranteeing equitable access to medical countermeasures, including diagnostics, therapeutics, and vaccines. 

He also urged the international community, partners, and organisations to mobilise stockpiles of vaccines and other medical countermeasures for deployment in Africa, utilising the mechanisms established by Africa CDC to ensure equitable distribution, transparency, and coordination.

The President said Africa requires robust support in funding, research, and the sharing of technologies, with financial contributions directed to the Africa Epidemic Fund under the leadership of Africa CDC. 

Pandemic Agreement 

“This is also an opportunity to call on the international community to finalise a fair and equitable Pandemic Agreement – a duty that must be pursued with urgency and a spirit of equity. 

“By fostering global partnerships, we can accelerate Africa’s response and ensure that all nations, regardless of economic status, have fair access to the resources needed to protect their populations.”

As the AU Champion, he vowed to work closely with his esteemed colleagues to ensure adequate political support and fundraising for the continental response to mpox and to prevent a regional and global pandemic. – SAnews.gov.za

Gabisile
Sun, 08/18/2024 - 11:38

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Fabulous Woman Awards 2024 Winners Announced

Location: Entertainment, MyPR

The Fabulous Girls Foundation recently hosted its 12th Annual Fabulous Woman Awards with 9 categories that recognised and honoured excellent and outstanding women leaders and girls making a difference in communities. The event was held at Seven Villla Hotel and Spa in Sandton, Johannesburg. The Awards certificates were endorsed by Dr Esther Mahlangu, the globally …

Read moreFabulous Woman Awards 2024 Winners Announced

IAB SA 2024 Bookmarks Finalists’ Showcase Encourages AI Use, Audacity And Creative Collaboration

Location: MyPR

Today, 15 August 2024, the IAB South Africa Bookmark Awards hosted its second Finalists’ Showcase, supported by Google, Nielsen and Rainmaker Media, ShopriteX, ahead of the awards ceremony celebrating South Africa’s digital media and marketing industry. Host and moderator Ann Nurock, Cannes Lions Trend Spotter for the Creative Circle, Ster Kinekor and Bizcommunity and Partner …

Read moreIAB SA 2024 Bookmarks Finalists’ Showcase Encourages AI Use, Audacity And Creative Collaboration

New appointment @SANDTON HOTEL | Profile – Assistant Banqueting Manager Sasha-Lee Lindoor

Location: MyPR

In the bustling world of event management, one name stands out for its dedication, expertise, and unwavering commitment to excellence: Sasha-Lee Lindoor. With over a decade of experience orchestrating flawless events across South Africa, Sasha-Lee brings a unique blend of creativity, precision, and passion to her new role as Assistant Banqueting Manager at @Sandton Hotel …

Read moreNew appointment @SANDTON HOTEL | Profile – Assistant Banqueting Manager Sasha-Lee Lindoor

Government, private sector partnerships offer hope for jobs

Location: News

Government, private sector partnerships offer hope for jobs

Employment and Labour Minister Nomakhosazana Meth has expressed optimism that the strengthened partnership between government and business will significantly boost economic growth and pave the way for increased job creation.

In a statement on Thursday, Meth acknowledged the Quarterly Labour Force Survey (QLFS) report for the second quarter of 2024 that was released by Statistics South Africa (Stats SA) earlier this week. 

She noted that while the official unemployment rate has increased from 32,9% in quarter one to 33,5% in quarter two, the number of employed persons in quarter two:2020 during the COVID inception was 14,1 million and 16.7 million in the second quarter of 2024, showing an increase in the labour force.

Additionally, the Minister said a decrease in the unemployment rate recorded in Limpopo, Free State and the Eastern Cape is encouraging and commendable under the circumstances. 

“Whilst government has continued to put in place interventions like addressing load shedding, resolving transport and logistics challenges, the economy is not growing as expected. Some of the key contributions to this sluggish economic growth are that South Africa is not insulated from the global economic pressures and geo-politics. 

“Henceforth, the scale at which the partnership between government and business is to be elevated, there is much hope that we will see a turn on economic growth yielding to job creation,” Meth said. 

Meth considers her department as central in intensifying the coordination of contributions that are to yield the results needed to address and arrest the stubborn nature of unemployment. 

As such, the Unemployment Insurance Fund (UIF) is contributing to the Presidential Youth Employment Initiative which will conclude the next intake of the one million young people as school assistants in over 23 000 schools across South Africa.

In the 2023/2024 financial year, the department has played a crucial role in job preservation saving 14 887 jobs as part of the Commission for Conciliation, Mediation and Arbitration (CCMA) dispute resolution mechanisms. 
Furthermore, through another of the department’s entity, Productivity South Africa’s business turnaround and recovery programme, 71 enterprises were assisted resulting in 5 390 jobs being saved.

As Minister Meth continues with her first 100 days in office, her plan of action to refine and repurpose the strategic thrust of the department in ensuring that the employment mandate is sharpened and delivers tangible results, remains high. 

The Minister was appointed in June.

The department and its entities continue to preserve jobs through the signing of the funding agreement between the UIF and Productivity SA projected to benefit 226 companies with a target to save 11 300 jobs in the next three years.

“Aligned to the three priorities of the 7th administration, my department, in fulfilling its mandate needs a collective approach and refined coordinated efforts that are vigorous to turnaround the status quo, particularly, youth unemployment,” Meth said. – SAnews.gov.za  

 

DikelediM
Fri, 08/16/2024 - 10:19

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President Museveni And King Mswati III Call For A Unified African Market And Political Federation

Location: News
State House Uganda

President Yoweri Kaguta Museveni and the First Lady and Minister of Education and Sports, Maama Janet Museveni have today welcomed the King of Eswatini, His Majesty, Mswati III at Entebbe International Airport.

His Majesty, Mswati III who is in Uganda for a three-day State Visit at the invitation of President Museveni was accompanied by his wife, Queen Inkhosikati Make Lamashwama and other high-level delegates.

At Entebbe International Airport, President Museveni was flanked by Ministers and service chiefs.

Upon arrival, the visiting King was accorded a 21-gun salute and inspected a guard of honour mounted by the Uganda People's Defence Forces (UPDF).

President Museveni later received his guest at State House Entebbe and held discussions focusing on enhancement of bilateral cooperation between the two countries.

In their discussions, President Museveni emphasised a clear vision for African prosperity, rooted in his experience as a student activist in the 1960s, a liberation leader, and now as a head of state.

“If Africans want prosperity, it comes from producing goods or services and selling them,” President Museveni stated.

He underscored the need for African nations to access larger markets to maximise economic benefits, highlighting Uganda's internal market of 46 million people as insufficient on its own.

“The fragmentation of the African market is a big disaster,” President Museveni warned.

He compared the continent's potential with that of Latin America, which, despite abundant natural resources, struggles with poverty due to its fragmented markets.

“I always tell my Ugandans here that if you want to be like Latin America, you are welcome because if you look at them, despite their wealth in natural resources, they still run to the USA for prosperity to get medical care, education, and other benefits,” he said.

The President argued that Africa's success lies in integrating markets across the continent, similar to how the United States operates with a vast and unified market.

He called for a model where African nations not only produce but also own and share in the benefits of their resources, rather than relying on foreign investments that often exploit the continent's wealth.

The President highlighted the need for African countries to collaborate on capital-intensive projects.

He also gave the example of Uganda's petroleum sector, where East African nations are invited to co-invest in infrastructure such as pipelines and refineries.

“It's not common sense that I produce, and you only buy. You can't say that to a brother,” President Museveni remarked, emphasising the importance of shared ownership.

President Museveni lauded the East African Community (EAC)'s progress in rebuilding and expanding to include eight member states, addressing both economic and political integration.

Beyond economic integration, President Museveni stressed the need for political federation in East Africa, which he views as crucial for establishing a strong military defence for the continent.

He highlighted the disparity in military capabilities between African nations and global powers like the United States, which boasts superior land, air, sea, and space forces.

“Africa must have the capacity to defend itself from all threats,” President Museveni asserted.

He called for a united African defence strategy as part of the broader vision for political federation.

His Majesty King Mswati III called for an enhanced cooperation between African nations, emphasising the need for unity in driving the continent's development.

He also expressed gratitude for the warm reception and hospitality extended to him and his delegation.

He highlighted the longstanding relationship between Uganda and Eswatini, noting that it had been years since their last meeting at a Commonwealth event.

“Your Excellency, I convey greetings from the Queen Mother, the government, and the people of Eswatini, and I wish to inform you that we are ready to strengthen ties between the two nations,” the King stated.

King Mswati went on to propose that Uganda and Eswatini establish regular communication channels to avoid neglecting the friendships and agreements already in place.

He stressed that African countries must work together to achieve progress in key areas such as poverty alleviation, job creation, education, and technological advancement.

“If we work together, there is much we can achieve. But if one country moves on its own, it cannot go far,” he said.

King Mswati III pointed out that Africa possesses abundant natural resources, yet the continent has struggled to produce efficiently due to the exploitation of these resources by foreign entities.

He advocated for African nations to share expertise and technology, citing Uganda's achievements in areas such as crude oil development as an example of successful collaboration.

“Now that we have mastered a lot of technology and expertise, we must take advantage of our resources,” the King stated.

The King further emphasised the need to promote entrepreneurship and knowledge exchange between Uganda and Eswatini, suggesting the establishment of distribution centres and routes to facilitate trade.

He also proposed increased cooperation between the Southern African Development Community (SADC) and the East African Community, expressing hope for a stronger economic partnership.

In terms of cultural ties, King Mswati III highlighted the similarities between the cultures of Uganda and Eswatini.

He proposed the organisation of cultural festivals to showcase these connections and attract tourists from around the world.

“We should promote our unique cultures, which are similar in many ways to support tourism and strengthen our bonds,” he added.

The King called for the opening of direct flight routes between Eswatini and Uganda to boost tourism and cargo trade.

He noted the potential for increased tourism, particularly given Uganda's rich natural attractions such as the Nile River and mountains.

“Let us work together to promote tourism by making travel between our countries easier and more accessible,” he urged.

King Mswati III also expressed support for Uganda's leadership in hosting the African Union's Humanitarian Agency and congratulated President Museveni on Uganda's chairmanship of the Non-Aligned Movement and the G77+China group.

He reiterated his country's willingness to cooperate with Uganda in various sectors, including the export and assembly of electric cars.

In Transport and Infrastructure, the two Heads of State also called for an expedition of cooperation processes regarding the creation of a hub by the Kingdom of Eswatini for marketing Kiira Motors Corporation's “Kayoola EVS” electric buses to the SADC region, using the advantage of the Maputo harbour area.

In conclusion, King Mswati III extended an invitation to President Museveni for a State Visit to Eswatini, emphasising the importance of continued collaboration between the two nations.

“Africa needs to work together to achieve economic independence, and our partnership with Uganda is a step in that direction,” he concluded.

Strengthening Bilateral Ties:

During the visit, Uganda and Eswatini further solidified their relationship through the signing of a Memorandum of Understanding.

The agreement was signed by Uganda's Minister of State for Foreign Affairs, Hon. Oryem Henry Okello, and Eswatini's Minister for Foreign Affairs and International Cooperation, Hon. Senator Pholile Shakantu.

Additionally, the two countries' agriculture Ministers discussed enhancing cooperation in the agricultural sector.

Eswatini, officially the Kingdom of Eswatini and also known by its former official name Swaziland and formerly the Kingdom of Swaziland, is a landlocked country in Southern Africa. It is bordered by Mozambique to its northeast and South Africa to its north, west, south, and southeast.

The Eswatini delegation included high-level officials such as HRH Princess Lindiwe and Hon. Manqoba Khumalo, Minister of Commerce, Industry, and Trade, among others.

On the Ugandan side, key ministers such as Hon. Babirye Milly Babalanda, Minister for the Presidency, Dr. Monica Musenero, Minister for Science, Technology, and Innovation, Hon. Mwebesa Francis, the Minister of Trade Industry and Cooperatives, and Hon. Katumba Wamala, the Minister of Works and Transport were also in attendance.

Distributed by APO Group on behalf of State House Uganda.

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Ecobank Group Announces the Top Finalists for the 2024 Ecobank Fintech Challenge at its first ever Semi-Finals event in Lagos, Nigeria

Location: Business
Ecobank Transnational Incorporated

Ecobank (www.Ecobank.com), the pan-African Bank, has announced the top finalists for the first-ever and inaugural 2024 Ecobank Fintech Challenge Hybrid Semi-Final event held at the Ecobank Pan African Centre in Lagos, Nigeria. The finalists were selected from a cohort of 40 highly competitive Fintechs that made it to the semi-final stage of the competition. This year's challenge attracted over 1,550 applications from 70 countries in Africa and other global regions.

The finalists will showcase their innovative solutions at the Ecobank Fintech Challenge Grand Finale, scheduled for 27 September 2024, at the Ecobank Pan African Centre in Lomé, Togo. The event will be streamed live on Ecobank Group's social media channels, allowing a global audience to participate. Finalists of the challenge will compete for the US$50,000 ultimate prize during this highly anticipated event. 

Speaking at the Semi-Final, Jeremy Awori, Chief Executive Officer of Ecobank Group, remarked, "The finalists in this year's Ecobank Fintech Challenge have showcased exceptional talent and innovation; and we look forward to welcoming them to the Finale. At Ecobank, we're committed to collaborating with these business builders to develop products and services that will benefit our customers and contribute to our continent's progress”.

Showcasing the future of African fintech, here are the exceptional finalists of the 2024 Ecobank Fintech Challenge:

  • BuuPass, Kenya
  • Daba Finance,Ivory Coast
  • EasyEquities, South Africa
  • Exuus, Rwanda
  • Melanin Kapital Neobank, Kenya
  • MiaPay, Togo
  • PaySika, Cameroon
  • PROBOUTIK, Senegal
  • Sawport Video Banking as a Virtual Branch, Nigeria
  • Sproutly, Nigeria
  • Vaultpay, Democratic Republic of the Congo
  • YMO Africa, Guinea

The Ecobank Fintech Challenge, a flagship initiative of the Ecobank Group, organised for seven consecutive years, continues to serve as a premier continental platform for promoting innovation and collaboration between Fintechs and the pan-African Bank's cross-border markets spanning 35 countries. The challenge remains a significant event, attracting key players within the fintech ecosystem and beyond. It provides a unique opportunity for fintech entrepreneurs to address challenges such as reaching scale, navigating an uncertain regulatory environment, and managing scarcity of funding. In addition to financial rewards, the challenge offers Ecobank's expertise in diversified market operations and the right solutions to scale across its pan-African footprint and international presence.

Since inception, 60 fintech startups have been inducted into the Ecobank Fintech Fellowship.

The Ecobank Fintech Challenge is designed in partnership with international advisory firm Konfidants and is supported by various partners including Huawei, Proparco, TechCabal, BlueSpace, Afrilabs, Africa Fintech Network, MEST Africa, Naija Startups, Expand In Africa and Founders Africa.

This year's Grand Finale will bring together fintechs, regulators, investors, financial institutions, global technology companies, tech hubs, entrepreneurs, and industry experts.

Ecobank invites all key stakeholders within the Fintech ecosystem, and members of the general public to register for the Grand Finale via this link: https://apo-opa.co/4cndn5H.

Streaming platforms:

Distributed by APO Group on behalf of Ecobank Transnational Incorporated.

Media Contact:
Christiane Bossom
Group Communications
Ecobank Transnational Incorporated
Email: groupcorporatecomms@ecobank.com
Tél.: +228 22 21 03 03
Web: www.Ecobank.com

About Ecobank Group (or ‘Ecobank Transnational Incorporated' or ‘ETI'):
Ecobank Group is the leading private pan-African banking group with unrivalled African expertise. Present in 35 sub-Saharan African countries, as well as France, the UK, UAE and China, its unique pan-African platform provides a single gateway for payments, cash management, trade and investment. The Group employs over 14,000 people and offers Consumer, Commercial, Corporate and Investment Banking products, services and solutions across multiple channels, including digital, to over 32 million customers. For further information, please visit www.Ecobank.com.

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Public Procurement Bill to redress women socio-economic exclusion

Location: News

Public Procurement Bill to redress women socio-economic exclusion

Women, Youth and Persons with Disabilities Minister, Sindisiwe Chikunga, says the Public Procurement Bill provides the department with an opportunity to advocate and mainstream tangible models and interventions to redress the ongoing socio-economic exclusion of women, youth and persons with disabilities.

Chikunga commended the significant efforts by President Cyril Ramaphosa after signing into law the Public Procurement Bill last month, which aims to create a single framework that regulates public procurement, including preferential procurement, by all organs of State, with the necessary efficiency, cost-effectiveness and integrity.

“As a department, we will be bringing forward tangible interventions through which this legislation will serve to redress the longstanding and ongoing socio-economic exclusion of women, youth and persons with disabilities,” Chikunga said.

Addressing a dialogue on Women, Democracy and Leadership in South Africa at the University of South Africa (UNISA) on Thursday, Chikunga also commended President Ramaphosa, as the Chairperson of the African Union in 2020, for putting forward a number of recommendations for the advancement of women on the continent, which have been adopted by AU Heads of State.

READ | Government, business partnership begins to flourish

Increase in support for women entrepreneurs

Chikunga also acknowledged a surge in the establishment, growth and support of women-owned businesses in key sectors, including energy, tourism, agriculture, the ocean economy, and manufacturing.

According to the most recent Mastercard Index of Women Entrepreneurs (MIWE), South Africa ranks as the second highest country in Africa in terms of its proportion of women-owned businesses and the formal support available for women entrepreneurs.

The Global Entrepreneurship Monitor (GEM) Women’s Entrepreneurship Report also revealed that women in countries like South Africa are among the most innovative and high-growth entrepreneurs in the world.

“There is sufficient evidence that reaffirms the importance of women entrepreneurs in contributing to the overall productivity and transformation of our economy through diversifying industries, innovation, and fostering economic resilience.

“In addition, women-owned businesses contribute to the creation of employment opportunities, promote inclusive supply chains, and stimulate local economies,” Chikunga said.

Women economic advancement in the Continent

Chikunga further underscored the importance of the adoption of the Decade for African Women’s Financial Inclusion and Gender Equality, 2020-2030.

“This is a critical initiative for the women of Africa, given that the lack of access to finances hinders their socio-economic progress, and thwarts their ability to have ownership and control over resources such as land, businesses and property,” Chikunga said. 

She added that women’s access to markets continues to be a challenge for women on the continent, especially access to trade and global markets.

The Minister argued that the African Continental Free Trade Area Agreement (AfCFTA) will open doors for global trade and markets for women, and “this is of huge importance to the women in South Africa to leverage on the opportunities this AfCTA promises for the economic empowerment and wealth creation for women in Africa”.

“Africa must be Africa’s biggest trading partner and demand for products across the continent offers African women the opportunity to be suppliers to this demand. Joint initiatives of pooling resources in this regard will help grow women businesses, provide the necessary skills and training required for this, and open markets and export trade opportunities,” Chikunga said. – SAnews.gov.za

 

GabiK
Thu, 08/15/2024 - 13:49

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NSG hosts symposium on China-Africa relations

Location: News

NSG hosts symposium on China-Africa relations

China-Africa Media and Publishing, in collaboration with the National School of Government of South Africa, is set to hold a symposium titled: “The Governance of China: Forging a Closer China-Africa Community of a Shared Future, in Pretoria on Thursday.  

Thursday’s event will bring together South African and Chinese government officials, scholars, experts, and journalists for a robust exchange of ideas and insights. 

The seminar serves as a critical forum to discuss and shape the future of China-Africa relations and is a side precursor event to the upcoming Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) which will be held in early September in China. 

The FOCAC summit is expected to unveil new measures to deepen cooperation over the next three years, laying a stronger foundation for a closer China-Africa community with a shared future. 

The seminar of the NSG and China-Africa Media in Publishing is intended to promote dialogue and debate on China-Africa relations among government officials, scholars and experts. 

The seminar marks a significant step in the ongoing cooperation between China-Africa Media and Publishing and the National School of Government, following the signing of a Memorandum of Understanding (MOU) in May of this year. 

The agreement aims to promote joint research and dialogue in the form of Seminars and Symposia on topics such as China-South Africa relations and Global Governance. – SAnews.gov.za
 
 

Edwin
Thu, 08/15/2024 - 08:54

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