University Graduates in Ghana Must Serve Society for a Year – Study Suggests It’s Good for National Unity
Mandatory national service in Ghana has helped national cohesion.
Investing
Budget: Cape Town’s Deadly Divide
GOOD Statement by Axolile Notywala,GOOD City of Cape Town Councillor 26 June 2025 *Note to Editors: This speech was delivered during today’s City of Cape Town Council meeting, Budget Vote Speaker, I RISE today, on behalf of the GOOD Party, to dispel the DA’s pro-poor myth, to call out the DA lies and to highlight […]
The post CAPE TOWN’S DEADLY DIVIDE: THE LIVES LOST TO DA NEGLECT appeared first on For Good.
Tshwane Budget: From Deficit to Delivery
GOOD Speech by Sarah Mabotsa ,GOOD City of Tshwane Councillor and MMC for Economic Development and Spatial Planning 29 May 2025 *Note to editor: This speech was delivered by GOOD Tshwane Councillor and MMC for Economic Development and Spatial Planning, Sarah Mabotsa, during today’s Budget Debat e. The GOOD party is proud to be able […]
The post TSHWANE BUDGET: FROM DEFICIT TO DELIVERY appeared first on For Good.
Africa Is Not the Next Frontier — It’s the Blueprint: Rethinking Innovation on Africa Day
By Yi He, Co-Founder of Binance (www.Binance.com)
Each year, Africa Day serves as a celebration of the continent's culture, history, and progress. But in 2025, Africa is doing more than celebrating — it's leading.
For too long, Africa has been positioned as a “frontier market,” a place waiting to catch up. That narrative is outdated. Africa is not waiting to be included. It is already setting the pace, through innovation born out of necessity, creativity rooted in culture, and progress driven by community.
At Binance, we've witnessed firsthand how innovation looks different in Africa. It doesn't always begin in formal boardrooms or with multi-million-dollar funding rounds. It often starts in WhatsApp groups, community meet-ups, and with side-hustlers using their mobile phones to build. It's a bottom-up revolution shaped by real-world needs.
Take Mary Usaji, a developer and project manager at ICP Hub Kenya. After being scammed, she turned to blockchain not as a buzzword, but as a tool. With support from platforms like Binance, Mary educated herself, rebuilt her confidence, and now leads blockchain development training for others. Her story is not just one of recovery, but of leadership — and it reflects a larger movement led by African women who are redefining the tech landscape.
There's also Emmanuel, a Web3 content creator and crypto influencer. His journey into the world of cryptocurrency began in 2014 when he launched his first eCommerce store. Faced with the challenge of integrating payment gateways, Emmanuel discovered Bitcoin, which offered a borderless solution for receiving payments from anywhere in the world. This discovery changed the way he handled business and finances, opening up new possibilities in investment and payment systems. By embracing crypto, Emmanuel became part of a larger movement of entrepreneurs revolutionizing their industries. His story is one of growth, financial literacy, and a mindset of continuous learning, embodying the transformative power of cryptocurrency for business and personal empowerment.
Or Chris Howard, the founder of Story, a premium marketplace for sneakers and collectables in Cape Town. His passion for sneakers turned into a thriving business that not only caters to sneakerheads but also embraces new technologies. By adopting cryptocurrency payments through Binance Pay, Chris made transactions smoother for his customers, allowing them to use cryptocurrency as a mainstream payment method. His story is one of adaptability and growth, and it reflects a wider trend where African entrepreneurs are embracing innovation to elevate their businesses and create unique experiences.
Innovation in Africa isn't theoretical. It's practical, tested daily against the pressures of currency instability, unreliable power, and low-trust systems. These are the conditions where bold ideas are stress-tested, and where blockchain technology has found meaningful, everyday applications.
While many countries debate blockchain regulation, several African communities are already using it to solve pressing problems. Stablecoins are powering cross-border payments for families and small businesses. NFTs are being used for digital identity and authenticating African art. Smart contracts are making community projects more transparent and accountable.
This isn't leapfrogging, it's building better from the start. And it's not happening on the margins. It's shaping global thinking on what sustainable, inclusive innovation looks like.
Africa Day is more than a cultural celebration. It's a call to pay attention — because what's happening here is a preview of where the world is going. Africa is showing that resilience, community trust, and resourcefulness are not traits to overcome — they are competitive advantages.
At Binance, we're not just investing in Africa; we're learning from it. Through community education, partnerships, and local capacity-building, we are committed to supporting this growth from the ground up. We believe innovation should be accessible, inclusive, and adapted to local realities, and there is no better place to demonstrate this than Africa.
To date, our work through Binance Charity (https://apo-opa.co/4myVTcW) and Binance Academy (https://apo-opa.co/4myVTcW) has supported women in over 10 countries, including South Africa and Kenya, with blockchain education, mentorship, and scholarships. These programs aren't about charity; they're about unlocking talent and empowering long-term participation in the digital economy.
The world once called Africa an “emerging market.” But emergence implies something that's still in progress. That no longer applies. Africa has emerged — not only as a user of innovation but as its architect.
On this Africa Day, let's move beyond outdated narratives. Africa isn't just part of the future — it's building it. And for those paying attention, it's clear: the rest of the world would be wise to follow its blueprint.
Distributed by APO Group on behalf of Binance.
Deputy President Mashatile Engages With South African and French Businesses
Deputy President Shipokosa Paulus Mashatile has, today, 20 May 2025, engaged with South African and French businesses during a Roundtable Breakfast Dialogue hosted by MEDEF International in Paris.
MEDEF is France's largest business federation, representing over 750,000 companies, from SMEs to large multinationals. It plays a central role in promoting French economic diplomacy, supporting private sector development, and facilitating international investment and trade relationships.
The Business Dialogue is an important platform for businesses from both countries to expand on existing cooperation and identifying new areas of cooperation with a specific focus on trade and investment.
Addressing the Business Dialogue, the Deputy President said, "The South African Government has committed to spending more than R940 billion on infrastructure over the next three years. This funding will revitalise our roads and bridges, build dams and waterways, modernise our ports and airports, and power our economy. Moreover, investors have an opportunity to collaborate with the South African Government by investing in infrastructure such as ports, rail, electricity, and manufacturing to improve local value-addition and boost trade under the African Continental Free Trade Area."
The Deputy President also touched on the European Union-SA Summit, which took place in Cape Town in March 2025, where there was an announcement of the EU investment package of around R90 billion to support investment projects in South Africa.
In addition, the Deputy President met with Mr Thierry Deau, Group CEO of Meridiam and Chairman of the Global Long-Term Infrastructure Investors Association.
Meridiam is a global investment firm specializing in public infrastructure, with assets under management exceeding €12 billion. It focuses on long-term investments in transport, energy, social infrastructure, and environmental projects, with a commitment to sustainable development and inclusive growth.
During the meeting, the two discussed, among others, the importance of collaboration with various stakeholders, including infrastructure investors, policymakers, and academia, as being crucial for promoting responsible and long-term private capital deployment in public infrastructure.
In conclusion, the Deputy President indicated that he is certain that South Africa and France can achieve new heights of prosperity through strengthening their economic links and encouraging closer cooperation.
Distributed by APO Group on behalf of The Presidency of the Republic of South Africa.
Deputy Minister Sello Seitlholo Calls for Bold Investment to Secure Southern Africa’s Water Future
The Deputy Minister of Water and Sanitation, Mr. Sello Seitlholo, has called for intensified investment in the water sector to secure Southern Africa's future in the face of climate change and growing water demands.
Speaking at the ORASECOM Climate Resilient Investment Conference in Maseru, Lesotho on Thursday, 08 May 2025, Deputy Minister Seitlholo highlighted that resilient water infrastructure and cross-border collaboration are critical to the region's economic development, environmental sustainability, and long-term water security.
As a proud and committed member of the Orange-Senqu River Commission (ORASECOM), South Africa continues to champion regional cooperation for the sustainable and equitable management of shared water resources. Deputy Minister Seitlholo reaffirmed the country's support for the Commission, noting South Africa's role as host country and consistent contributor to its operations and basin-wide studies.
“Water is the foundation upon which our economies, communities, and ecosystems rest. In Southern Africa, it also binds us together across borders. Our shared future demands that we invest boldly and wisely in securing this most precious resource,” he said.
South Africa is undertaking major reforms to create an enabling environment for water investment. Deputy Minister Seitlholo said that these include legislative amendments to strengthen water governance, reduce inefficiencies, and attract private-sector involvement through improved regulatory certainty and streamlined project processes.
He pointed to multiple opportunities for investors, ranging from bulk infrastructure and wastewater treatment to innovative technologies in reuse and smart metering. Public-private partnerships are being pursued with urgency, including through the Water Partnership Office in collaboration with the Development Bank of Southern Africa (DBSA). “Investing in water is not just a necessity; it is a generational imperative. Our policy reforms, institutional innovation, and partnerships demonstrate that we are ready to work with all stakeholders to make water investment a success story,” he emphasised.
The Deputy Minister highlighted sustainability, technological advancement, and climate adaptation as key pillars of the country's water strategy. He emphasised the need for robust risk management to address droughts, floods, and pollution, backed by government funding instruments such as the Water Services Infrastructure Grant and the Regional Bulk Infrastructure Grant made available by the Department of Water and Sanitation.
Deputy Minister Seitlholo stressed that communities must be at the heart of water solutions. South Africa's water governance model prioritises public participation and inclusive development, particularly through forums supporting youth, women, and civil society engagement. Partnerships with NGOs, research institutions, and the private sector continue to drive innovation and ensure evidence-based planning.
In closing, Deputy Minister Seitlholo reaffirmed South Africa's unwavering commitment to regional leadership and global engagement in the water sector. He announced that South Africa will proudly host the Africa Water Investment Summit in August, a strategic platform aimed at unlocking large-scale investment and galvanising multi-sector partnerships for water infrastructure development across the continent.
Furthermore, as South Africa has assumed the G20 Presidency, the Deputy Minister committed that water financing will be elevated as a key agenda item, positioning water not merely as a development issue but as a central pillar of economic resilience, climate adaptation, and sustainable growth.
“South Africa stands ready to lead by example, mobilising political will, catalysing investment, and fostering cross-border cooperation to build a water-secure future for Africa and beyond,” he affirmed.
“Let us seize this moment to mobilise the partnerships, political will, and financing needed to ensure a climate-resilient and water-secure future for our region. What we decide today must shape a legacy of inclusive growth and sustainable prosperity for generations to come,” concluded Deputy Minister Seitlholo.
Distributed by APO Group on behalf of Department of Water and Sanitation, Republic of South Africa.
Africa’s Solar Boom: How to Reap the Benefits
With 2.5 gigawatts-peak (GWp) (http://apo-opa.co/4iQtUCp) of solar capacity added across Africa in 2024 and 194.34 GWp expected in 2025, the continent is fast becoming a global hotspot for solar energy growth. Leading this shift are the commercial and industrial (C&I) sectors, where photovoltaic (PV) systems are being installed on-site at businesses, educational institutions, and government facilities to meet their own energy demands.
Dr Andrew Dickson, engineering executive at CBi-electric: low voltage (www.CBi-lowvoltage.co.za), explains that multiple factors are accelerating the continent's switch to solar. “Energy poverty remains a major issue across Africa, with reliable grid electricity reaching only 14% (http://apo-opa.co/4jICofV) of Zimbabweans, for example.”
He adds that unreliable power supply is another key driver. “Persistent nationwide blackouts are affecting countries like Botswana (http://apo-opa.co/3EZvQKM), disrupting day-to-day operations. And in hydro-electric dependent countries such as Zambia (http://apo-opa.co/3RRqvrX), climate change is reducing water levels, leading to lower electricity generation and higher prices.”
Dr Dickson points out that in countries like Namibia which are dependent on electricity imports, affordability is a growing concern, with N$8.8 billion (http://apo-opa.co/3EZvSlS) expected to be spent between January 2024 and December 2025. “As a result, Namibia now has the highest (http://apo-opa.co/3EZvSSU) electricity prices in Southern Africa. Yet it has a unique geographic advantage: its solar PV systems can produce twice (http://apo-opa.co/3EZvSSU) as much electricity as comparable systems in central Europe.”
Some African nations are proactively investing in solar to reduce their grid dependence. “Malawi is rolling out its National Compact for Energy (http://apo-opa.co/3GMlxKC), which creates a competitive framework for private-sector investment in off-grid solar through grants, subsidies, and credit lines that improve access to foreign exchange,” he notes.
Safeguarding solar investments
The shift to solar is also being driven by cost-effectiveness. Dr Dickson shares that on-site solar is now cheaper (http://apo-opa.co/3YDs1BD) than the electricity tariffs paid by C&I clients in at least seven sub-Saharan markets.
Pointing to research by GreenCape (http://apo-opa.co/3Z6UyzC), which found that solar PV can reduce business energy costs by 15%, with a return on investment reached within three to 12 years, he highlights that after that, businesses can benefit from up to 15 years of free electricity.
However, Dr Dickson stresses that unlocking these savings requires protecting system components from damage and disruption. “Voltage spikes caused by lightning or grid instability can seriously damage inverters and batteries. Installing surge protection devices (SPDs) is critical, not just to prevent damage, but also to avoid voiding manufacturer warranties.”
Arcing is another serious threat. “When electrical currents jump across gaps, the heat generated can damage components or even start fires,” he explains. “DC circuit breakers designed specifically for solar systems are essential for mitigating this risk. They're built to handle the direct current generated by PV panels, ensuring safer and more reliable operation.”
Smart tech enables smarter solar use
In addition to physical protection, Dr Dickson advises businesses to embrace smart energy management tools to extend system life and optimise performance. “A smart power indicator can detect grid interruptions and send immediate alerts, helping businesses respond quickly. These systems can temporarily disconnect non-essential high-energy devices during an outage to prevent overload and preserve battery life. At the same time, they ensure that essential systems like security and lighting continue operating during downtime.”
Optimising solar ROI in 2025
He believes that the key to unlocking solar's full potential lies in strategic system design and management. “By combining surge protection, DC breakers, and monitoring tools, businesses can reduce unexpected costs, minimise downtime, and extend the life of their investment.”
“As Africa's solar energy market continues to expand in 2025, organisations have an opportunity to capitalise on its long-term benefits. With the right technologies and safeguards in place, solar is not only a clean energy solution it's a strategic asset that pays off,” concludes Dr Dickson.
Distributed by APO Group on behalf of CBI-electric: low voltage.
About CBi-electric: low voltage:
- Established in 1949, CBi-electric: low voltage is a manufacturer and supplier of quality low voltage electrical distribution, protection, and control equipment. Previously known as Circuit Breaker Industries or CBI, the company specialises in the design, development, and manufacturing of circuit breakers, residential current devices, surge protection, wiring accessories, and metering products.
- Headquartered in Johannesburg, South Africa, the company is a subsidiary of renowned JSE listed industrial group Reunert (http://apo-opa.co/4iV5abY), established in 1888, with international operations across Africa, Asia, Australia, Europe, and USA.
- CBi-electric: low voltage can be found in almost every home and has firmly become a market leader over the last 75 years while supplying products to authorities, utilities, manufacturers, commercial property developers, industrial, mining, telecommunications, and general power distribution applications.
- In 2021, the brand launched its smart IoT (internet-of-things) home automation range, called the Astute Range.
African Mining Week to Spotlight Cutting-Edge Mining Tech
The upcoming African Mining Week (AMW) – Africa's premier gathering for mining stakeholders, scheduled for October 1-3, 2025 in Cape Town – will feature a dedicated Technology Forum. The forum will connect African mining projects with global technology providers and investors, showcasing how digital solutions are transforming resource extraction and redefining the mining value chain.
As African countries scale up mineral production to drive GDP growth, developers are increasingly adopting data analytics and digital tools to boost operational efficiency. U.S.-based startup KoBold Metals, which applies artificial intelligence (AI) to mineral exploration, entered the Democratic Republic of Congo (DRC) in April 2025 to tap into the country's estimated $24 trillion in untapped mineral resources. The DRC – already the world's largest cobalt producer and a key copper supplier – could see its global mining profile rise significantly with KoBold's involvement. In Zambia, the company is advancing the $2 billion Mingomba project, one of the world's most promising untapped copper assets.
Similarly, in Zimbabwe, Caledonia Mining is investing $1.1 million in IT infrastructure upgrades at the Blanket Mine as part of its $41.8 million capital budget. The upgrades include new mine planning software and a digital clocking system to improve labor efficiency, with a goal to increase gold output from 76,656 ounces in 2024 to up to 77,500 ounces in 2025.
In Botswana, Botswana Diamonds is employing AI-driven exploration to expand beyond diamond mining, recently identifying new prospects for copper, silver, cobalt, gold, nickel, zinc and platinum group metals. “During the initial analysis of the big database, it became clear that the AI technology could be used to identify other unknown minerals opportunities – and so it turned out,” said John Teeling, Chairman of Botswana Diamonds.
Meanwhile, South African firms such as Kilken Platinum and Rio Tinto are deploying digital tools to unlock greater operational value. A joint report by Accenture and the World Economic Forum projects that digitalization could unlock up to R213 billion in additional value for South Africa's mining sector by 2026. Technologies such as predictive maintenance, autonomous operations and real-time data monitoring are helping firms streamline processes, reduce downtime and improve safety outcomes.
The Technology Forum at AMW 2025 will feature high-level panels examining how digitalization can optimize infrastructure, enhance safety, predict system failures and support sustainable resource management in a data-driven mining environment. The forum will also provide a platform for mining companies to showcase real-world case studies, exchange knowledge with tech innovators, and explore partnerships that drive long-term value creation.
Distributed by APO Group on behalf of Energy Capital & Power.
About African Mining Week:
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.
Africa Finance Corporation Appoints Ireti Samuel-Ogbu as Chair of Board of Directors
Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent's leading instrumental infrastructure solutions provider, today announced the appointment of Mrs Ireti Samuel-Ogbu as Chair of its Board of Directors. She succeeds Mr. Emeka Emuwa who has completed 12 years of meritorious service to the Corporation.
Mrs. Samuel-Ogbu brings a wealth of experience spread over three decades leading and transforming the banking sector in Europe, Middle East, and Africa. Until recently, she led Citi's institutional businesses in Nigeria and Ghana, with oversight across Banking, Markets and Services. During this period, she steered the franchise through significant macroeconomic and regulatory headwinds, strengthening its strategic momentum and resilience.
Her international career within Citibank included senior leadership roles across over 50 countries in the Europe, Middle East, and Africa region, during which time she worked in the United Kingdom, Nigeria, and South Africa.
Mrs. Samuel-Ogbu has extensive boardroom experience including Citibank Nigeria where she was a Non-Executive Director for 6 years and Chair of the Risk Committee prior to becoming the Managing Director. She also served on the board of CHAPS Clearing UK, the high value payment system now operated by the Bank of England and a UK-based charity, Opportunity International. Her extensive experience and unwavering dedication to the advancement of Africa make her a valuable asset to AFC at a time when the Corporation is more committed than ever to accelerating Africa's transformation through bold investments, innovative financing models and catalytic partnerships.
AFC recently delivered a record-breaking FY2024 financial performance, with total revenue increasing by 22.8% to US$1.1 billion, surpassing the US$1 billion milestone for the first time. This strong performance was driven by several transformational projects including acting as the Lead Project Developer for the Lobito Corridor, a transformative multi-country transport network connecting Angola, Zambia and the Democratic Republic of Congo (DRC), financing of the expansion of the Kamoa-Kakula Copper Complex in the DRC — one of the world's highest-grade, low-carbon underground copper mines and financing support for the commissioning of the Dangote Refinery, the largest in Africa.
Speaking on the appointment, Samaila Zubairu, President & CEO of AFC, said: " We are delighted to welcome Mrs Ireti Samuel-Ogbu as Chair of the Board. Her wealth of experience, visionary leadership and deep understanding of Africa's financial landscape will be invaluable as we navigate our next phase of growth- expanding our impact, mobilising urgently needed capital and delivering transformative projects that enable inclusive and sustainable prosperity across the continent.”
Mrs Ireti Samuel-Ogbu commented: “I am honoured to take on the role of Chair at AFC, an institution that serves as a trusted bridge between international capital and Africa's dynamic growth opportunities. I look forward to working closely with the board, management, and all stakeholders to advance the Corporation's mission and strengthen its role as the leading provider of strategic, investment-driven solutions that unlock Africa's full economic potential.”
Distributed by APO Group on behalf of Africa Finance Corporation (AFC).
Media Enquiries:
Yewande Thorpe
Communications
Africa Finance Corporation
Mobile +234 1 279 9654
Email: yewande.thorpe@africafc.org
About AFC:
AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC's approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure development needs and drive sustainable economic growth.
Seventeen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 45 member countries and has invested over US$15 billion in 36 African countries since its inception.
Cross Switch Solidifies Market Position With New Payment Licence in South Africa
Cross Switch (www.Cross-Switch.com), a leading provider of innovative payment solutions, has reached a significant milestone by securing its own Third-Party Payment Processor (TPPP) licence.
The TPPP, issued by the Payments Association of South Africa (PASA) and sponsored by Absa, is a regulatory status that strengthens Cross Switch's position in the payments ecosystem. This achievement complements Cross Switch's recent certification as a Visa Payment Facilitator (PayFac).
Cross Switch brings a highly flexible payment platform (https://apo-opa.co/3GA0r1Q) to South Africa, enabling business scalability and growth. The company can now independently onboard merchants, fintechs and charities, substantially enhancing its service offering and announcing itself as an essential player in the South African payments landscape.
By obtaining an all-important TPPP licence, Cross Switch has reinforced its commitment to delivering quality, compliant and flexible payment solutions tailored specifically for South Africa's private and charitable sectors.
Cross Switch's entry as a licensed provider brings an adaptable API that allows South African merchants to transact seamlessly on the African continent, including in key markets such as South Africa, Kenya, Morocco and Ivory Coast. For merchants looking to expand into Latin America, Cross Switch also offers Argentina, Brazil, Mexico and Chile — with new countries, both in Africa and in other emerging markets, to be announced very soon!
“This is a vital step in expanding our network and strengthening our presence across the continent,” said Mark Chirnside, CEO of Africa, Cross Switch. “By enabling local merchants with multiple payment options, we're empowering African businesses with the tools to reach broader markets and unlock growth opportunities.”
Cross Switch now enables South African businesses to confidently target rapid expansion and deeper market penetration through frictionless access to local and international payment methods via its flexible API (CS+). The single API empowers merchants to accept payments across Africa and LATAM, and accept the local payment methods.
Cross Switch's immediate future in South Africa involves accelerating merchant onboarding. Contracts already signed represent a client base exceeding 1,000 merchants in South Africa. To complement over 1,000 merchants already using CS+ on the Continent.
Securing this licensing is a significant step forward in the Cross Switch journey. The company strives to realise its vision of delivering modern payment solutions that meet the varied needs of merchants and non-profits. The company's highly flexible payment platform drives financial inclusion and business scalability.
The company is also committed to expanding rapidly, enhancing its payment methods, and integrating advanced reconciliation engines — all underpinned by rigorous fraud prevention and risk management systems.
“Investing in South Africa is a strategic priority for Cross Switch,” said Tim Davis, Group CEO of Cross Switch. “We're resourcing up locally to ensure we're ready to meet growing demand, and this licence and certification enable us to deliver world-class payment services that are both agile and scalable.”
Cross Switch invites businesses interested in exploring robust and flexible payment solutions to connect directly at https://apo-opa.co/4jrGOrw to learn how its tailored offerings can support and amplify their operational ambitions.
Distributed by APO Group on behalf of Cross Switch.
Contact
South Africa: (+27) 21 205 5818
Luxembourg: (+352) 2088 1454
https://apo-opa.co/4jrGOrw
About Cross Switch:
Cross Switch is a payments technology company founded in 2022, operating across emerging markets, with active operations in South Africa, Kenya, Morocco, Ivory Coast and across Latin America. It provides flexible, secure and scalable solutions that support both local and cross-border transactions, helping merchants, fintechs and non-profits expand their reach and streamline their operations. Cross Switch is committed to driving financial inclusion and growth through collaboration, robust infrastructure, high service levels and a strong focus on emerging market needs.
AMW to Spotlight Investor Strategies Driving Africa’s Mineral Industrialization
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
Neuman & Esser to Participate at Invest in African Energy Forum in Paris
German technology leader Neuman & Esser will join the upcoming Invest in African Energy (IAE) 2025 forum in Paris, with Nmesoma Francess Okereke, Sales Manager - Flare Gas Recovery Specialist, and Dr. Jiří Rus, Sales Director for Africa, participating in a technical presentation and panel discussion focused on advancing gas monetization and energy efficiency across the continent.
Neuman & Esser brings over a century of expertise in gas compression, flare gas recovery and energy transition technologies. Specializing in high-performance compressor systems and green hydrogen solutions, the company plays a pivotal role in helping nations optimize energy production, reduce emissions and accelerate the shift to sustainable energy systems. By transforming flare gas into usable energy, Neuman & Esser supports operators in meeting environmental and regulatory goals, offering scalable, end-to-end solutions that combine German engineering with on-the-ground expertise to maximize resource value while aligning with global sustainability standards. The company will present on “Flare Gas Utilization – The Importance of Mid-Scale Integrated Gas Commercialization Solutions” at the upcoming forum.
IAE 2025 (www.Invest-Africa-Energy.com) is an exclusive forum designed to facilitate investment between African energy markets and global investors.Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
Germany has been significantly expanding its investments in Africa in recent months, particularly in green energy and sustainable projects. The country has pledged €4 billion for green energy initiatives on the continent by 2030 and is advancing hydrogen and gas partnerships through the European Union's Global Gateway initiative. In December 2024, Germany further demonstrated its commitment by investing R5.2 billion in South Africa to support the country's energy transition and strengthen bilateral cooperation.
In Namibia, German investors have partnered on the $10 billion Hyphen Green Hydrogen Project, aiming to utilize the country's abundant solar and wind resources to produce green ammonia for global export. In December 2024, German President Frank-Walter Steinmeier visited Nigeria to discuss the future prospects for German-Nigerian energy collaboration, further solidifying the growing energy ties between Germany and the continent.
The IAE 2025 Forum serves as a crucial platform for connecting global capital and expertise with Africa's burgeoning energy sector. As European and global investors continue to deepen their investments and partnerships across the continent, the forum provides a unique opportunity to further explore collaborative efforts and advance Africa's energy transition. By bringing together key players from the global energy community, IAE 2025 will play a pivotal role in driving sustainable growth and innovation in Africa's energy future.
Distributed by APO Group on behalf of Energy Capital & Power.
Verdant Capital Ranked 2nd in Dealmakers Africa League Table for East Africa
Verdant Capital (www.Verdant-Cap.com) has been ranked second in the Financial Advisers (Transaction Flow) category for East Africa at the 2024 DealMakers AFRICA Awards, under the General Corporate Finance sector. This ranking is the 5th year in the row that Verdant has ranked in the top 3 in the DealMakers Africa East Africa league able, demonstrating the firm's consistent excellence in this market. This accolade highlights the firm's growing influence and consistent performance in East Africa's corporate finance space.
The DealMakers rankings are the authoritative rankings for finance professionals in the African continent, across financial advisory, sponsor services, legal and transaction services / financial due diligence. Awards are among the most prestigious in the inve industry, celebrating firms that demonstrate excellence in advisory services, transaction execution, and overall impact in mergers and acquisitions, capital raising, and other corporate finance activities. Rankings are based on the volume and value of completed deals, with Verdant Capital's second-place ranking reflecting a year of strong strategic advisory and client-focused execution.
In 2024 Verdant Capital, which is also trading under the Verdant IMAP brand, advised on transactions in sectors including financial services, fintech, agriculture, automotive, digital infrastructure and others, in East Africa, West Africa, Southern Africa and South Africa, transacting with corporates and financial investors from across Africa and from around the World.. The firm's deep market knowledge and expertise in mid-market transactions position it as a trusted adviser to companies, investors, and development finance institutions in East Africa and further afield. The firm continues to expand its regional presence, supporting clients with tailored financial solutions that drive meaningful impact across the continent.
Distributed by APO Group on behalf of Verdant Capital.
Media Enquiries:
Verdant Capital:
Orient Mahonisi
T: +27 10 140 3700
E: orient.mahonisi@verdant-cap.com
About Verdant:
Verdant IMAP is a leading investment bank operating on a Pan-African basis and specialising in private capital markets. Verdant IMAP is the IMAP firm for its region; IMAP established in 1973, with 40 partner firms in 50 countries, with over 600 investment bankers and completing over 250 M&A transactions per year is the largest global M&A partnership. Verdant IMAP is a division of Verdant Capital. Verdant Capital is the manager of the Verdant Capital Hybrid Fund is investing mezzanine capital into inclusive financial institutions on a pan-African basis. www.Verdant-Cap.com
Eskom, Exxaro sign agreement to reduce carbon emissions
Eskom, Exxaro sign agreement to reduce carbon emissions
Exxaro Resources and Eskom have signed a Memorandum of Understanding (MoU) to collaborate on strategic initiatives, research, and projects aimed at reducing carbon emissions, improving air quality and facilitating the Just Transition.
According to a joint statement, this move is consistent with South Africa’s commitment to achieving the goals of the Paris Agreement, international environmental standards, and national regulatory frameworks.
“The agreement focuses on jointly measuring, managing, and reducing Scope 1, 2, and 3 emissions and potentially investing in innovative technologies to drive decarbonisation.
“It also emphasises inclusive and focused transition initiatives such as skills development, job creation in green sectors, and stakeholder engagement to ensure climate resilience,” the statement read.
In addition, the MoU, which was signed on Monday, includes provisions for data sharing and transparent reporting to track progress and ensure accountability.
Exxaro Resources CEO, Ben Magara, believes that this collaboration marks a significant step forward in the company’s commitment to enabling a Just Transition and building a climate-resilient and low-carbon future.
“By leveraging our deep experience in the diversified mining and energy solutions sectors, we aim to drive innovation that not only decarbonises and reduces air pollution in our operations but also delivers meaningful socio-economic benefits for the communities we serve.
“The collaboration with Eskom is important as we work to accelerate practical and scalable solutions that support South Africa’s energy security and environmental ambitions as part of our purpose of Powering Better lives in Africa and beyond,” Magara said.
Exxaro is a South Africa-based diversified resources company with a coal business and acquisitive growth prospects in minerals and energy.
The company stated that the initial focus of the collaboration will be to identify the necessary investments and stakeholders required to develop technology-based solutions for the challenges associated with the transition to a low-carbon economy.
This effort will align with the country’s Integrated Resource Plan (IRP).
Eskom Group Chief Executive Dan Marokane said both organisations are committed to driving the transition to a more sustainable energy future while ensuring the country’s electricity supply remains secure.
“This initiative forms part of Eskom’s focus both in this country and internationally to identify the latest developments and strategies to reduce carbon emissions and other air pollutants,” Marokane added.
Meanwhile, Exxaro stated that it remains steadfast in advancing its Sustainable Growth and Impact strategy by embedding key Environmental, Social, and Governance (ESG) priorities into its operations.
The company is of the view that through partnerships such as this one, it is well-positioned to become carbon-neutral by 2050.
Meanwhile, Eskom’s Research, Testing & Development (RT&D) business unit will lead this partnership.
The RT&D is dedicated to finding technology solutions that can be applied primarily within the company to embrace innovation, enhance efficiency and improve operations, improvements related to emissions management, and greenhouse gas (GHG) abatement.
“Eskom remains focused on a balanced and diversified energy mix based on existing coal and nuclear and introducing gas for baseload power, as well as renewables, energy storage systems including battery energy storage systems and pumped hydro, to achieve overall security of supply and to meet South Africa’s growing electricity demand sustainably,” said the power utility. – SAnews.gov.za
Gabisile
Tue, 04/15/2025 - 11:18
111 views
Small business urged to apply for tourism opportunities
Small business urged to apply for tourism opportunities
Small businesses have been encouraged to apply for opportunities provided by the Department of Tourism.
“The Department of Tourism is dedicated to creating an inclusive, sustainable, and resilient tourism economy. We have a variety of programmes with the specific aim of promoting tourism, alleviating poverty and creating jobs,” Tourism Deputy Minister Maggie Sotyu said.
Addressing a stakeholder engagement at the Fezile Dabi District Municipality in the Free State, the Deputy Minister said small businesses face challenges that threaten their survival and growth.
These include limited access to funding and financial support, skills gap in business management and digital transformation, market access and a lack of exposure to international tourists.
“As the government, our role is to enable and empower small, medium, and micro enterprises (SMMEs) to overcome these barriers and it is our duty to maximise every opportunity to empower these enterprises.
“Embracing sustainable tourism by black-owned enterprises is not just about being part of a global trend, but is a necessity for resilience, competitiveness and profitability,” the Deputy Minister said on Friday.
The department’s Market Access Support Programme offers financial support to small tourism enterprises to exhibit at tourism platforms.
“I want to urge you to visit the Department of Tourism website at www.tourism.gov.za and look at this Market Access Support Incentive Programme.
“This week we are assisting 49 tourism SMMEs [small, medium, and micro enterprises] to promote their services at the World Travel Market Africa in Cape Town. We also want to encourage you to apply for our Green Tourism Incentive Programme which offers a win-win solution to tourism establishments and our greening objectives,” the Deputy Minister said.
The Green Tourism Incentive Programme is a resource efficiency programme which aims to support tourism enterprises to reduce the cost of investing in energy and water efficient solutions.
“This incentive can greatly assist a tourism establishment to reduce their electricity and water bills in the long term. The department also established a Tourism Transformation Fund and Tourism Equity Fund to support the transformation efforts in the sector.
“The Transformation Fund offers a combination of debt finance and grant funding for new and expansion tourism development projects with majority black shareholding,” she said.
For tourist guides, the department has a number of programmes including language training.
“We recently advertised for youth to apply for tourist guide training in Vredefort Dome and we are currently conducting tourist guide training in Golden Gate National Park.
“For youth in tourism, the department offers annually a bursary programme and learnership programmes, focusing on professional cooking, wine appreciation and hospitality, targeting youth with a specific interest in tourism,” said the Deputy Minister. -SAnews.gov.za
nosihle
Sun, 04/13/2025 - 11:37
70 views
14% Increase in Spyware Attacks on Businesses in Africa
As part of the company's participation at the GITEX Africa conference, taking place in Morocco on 14-16 April 2025, Kaspersky (www.Kaspersky.co.za) will address the dynamics for cyberthreats in the African region as per the latest anonymised data from the Kaspersky Security Network (KSN)[1]. From 2023 to 2024 businesses in Africa were targeted by web threats, on-device threats, and attacks aiming to steal data, including spyware and password stealers. Phishing and ransomware continue to be significant threats in the region, with 66 million phishing link clicks seen by Kaspersky in the African region in 2024, including over 14.8 million phishing link clicks by corporate users.
Web-based threats, or online threats, are a category of cybersecurity risks that may cause an undesirable event or action affecting users browsing the Internet. According to Kaspersky data, there were 131 580 587 web threats detected in 2024 in the African region, including almost 20 million attack attempts in Kenya, almost 17 million in South Africa, and 12.6 million in Morocco. Businesses were targeted by web threats more often in 2024 than in 2023, with threat detections increasing by 1.2%.
Local (on device) threats include malware that is spread via removable USB drives, CDs and DVDs, or that initially makes way onto the computer in non-open form (for example, programs in complex installers, encrypted files, etc.). According to Kaspersky telemetry, local (on device) threat detections in organisations in the African region in 2024 increased by 4% compared to 2023. Among the countries that saw growth in local threats detected in organisations were Nigeria (169% increase), Ethiopia (86%), South Africa (32%), Senegal (11%), and Morocco (9%).
There has been a spike of threats related to data theft. According to Kaspersky data, there was a 14% growth in spyware attack detections on businesses in the African region from 2023 to 2024. Spyware is secretly installed on a user's computer to monitor their actions and collect their data. Apart from that, there has been a 26% increase in password stealer detections. Password stealers are a type of malware designed to harvest login credentials and other sensitive data.
“Our statistics show an increase in attack detections for several types of cyberthreats, and the factors driving these increases are multifaceted. In the B2B sector, the continuing shift toward hybrid work models and the rush to digitise operations — often outpacing cybersecurity investments — may leave businesses in Africa exposed to advanced persistent threats. In the B2C space, the explosion of digital financial services, coupled with low digital literacy rates, makes individuals prime targets for opportunistic attacks,” comments Maher Yamout, Lead Cybersecurity Researcher with Kaspersky Global Research and Analysis Team. “Organisations in Africa should prioritise a unified approach by enhancing collaboration, investing in specialised cybersecurity training, and promoting digital literacy to effectively combat the rising tide of cybercrime. Initiatives like the African Cyber Surge operation and targeted educational programs can serve as blueprints for building a resilient digital ecosystem across the continent.”
To stay protected, Kaspersky suggests following the recommendations below.
Individual users:
- Do not download and install applications from untrusted sources.
- Do not click on any links from unknown sources or suspicious online advertisements.
- Always use two-factor authentication when available. Create strong and unique passwords, using a mix of lower-case and upper-case letters, numbers, and punctuation. Use a reliable password manager to help to remember them.
- Always install updates when they become available; they contain fixes for critical security issues.
- Ignore messages asking to disable security systems for office or cybersecurity software.
- Use a robust security solution appropriate to your system type and devices, such as Kaspersky Premium (apo-opa.co/3G2yjUZ).
Organisations:
- Always keep software updated on all the devices you use to prevent attackers from infiltrating your network by exploiting vulnerabilities.
- Do not expose remote desktop services (such as RDP) to public networks unless absolutely necessary and always use strong passwords for them.
- Use solutions such as Kaspersky NEXT EDR Expert (apo-opa.co/4ifQ8NV) for comprehensive visibility across all endpoints on a company's corporate network to get superior defense, automate routine EDR tasks, enable analysts to speedily hunt out, prioritise, investigate, and neutralise complex threats and APT-like attacks.
- Use the latest Threat Intelligence (apo-opa.co/3XVFTa3) information to stay aware of actual TTPs used by threat actors.
- Back up corporate data regularly. Backups should be isolated from the network. Make sure you can quickly access the backups in an emergency if needed.
The Kaspersky stand at GITEX Africa (https://GITEXAfrica.com) in Morocco will be located in Hall 13, 13C-20, while a keynote titled “When AI/ML fails in cybersecurity, humans are the last line of defense” will take place at the Dark Stage on April 15 at 2:10 PM.
Reference:
[1] Data sent to Kaspersky is anonymized and protected, even in transit, in accordance with stringent industry standards including encryption, digital certificates, segregated storage and strict data access policies. Learn more about KSN here: www.Kaspersky.com/KSN
Distributed by APO Group on behalf of Kaspersky.
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INK&Co. (https://INKandCo.co.za)
nicole@inkandco.co.za
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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.
Africa Finance Corporation Tops Us$1 Billion Revenue for First Time as Landmark Projects Unlock Growth Across the Continent
Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent's leading infrastructure solutions provider, has announced its strongest financial performance to date, with total revenue for the year ended 31 December 2024 surpassing US$ 1 billion for the first time in the Corporation's history.
This record performance marks a significant milestone in AFC's mission to close Africa's infrastructure gap through scalable, de-risked investments that attract global capital and deliver tangible development outcomes. The Corporation posted a 22.8% increase in total revenue to US$1.1 billion and a 22.3% rise in total comprehensive income to US$400 million, up from US$327 million in 2023.
AFC's earnings growth was driven by improved asset yields, prudent cost-of-funds management and sustained traction in advisory mandates.
Further significant financial highlights include:
- Net interest income up 42.5% to US$ 613.6 million
- Fee and commission income rose to US$109 million, the highest in over five years
- Operating income climbed 42.7% to US$709.7 million
- Total assets reached a record US$14.4 billion, a 16.7% year-on-year increase
- Liquidity coverage ratio strengthened to 194%, providing over 34 months of cover
- Cost-to-income ratio improved to 17.3% from 19.6% in 2023
Throughout 2024, AFC continued to scale its impact by mobilising capital for landmark projects across energy, transport, and natural resources. These included the Lobito Corridor – a cross-border railway development spanning Angola, the Democratic Republic of Congo (DRC), and Zambia. AFC led the initiative to secure a concession agreement within one year of the initial Memorandum of Understanding (MoU), an unprecedented achievement for a project of its scale. In the DRC, AFC also invested US$150 million in the Kamoa-Kakula Copper Complex, Africa's largest copper producer and one of the most sustainable globally, thanks to its high-grade ore and renewable-powered smelter.
Other milestones transactions included financing support for the commissioning of the Dangote Refinery, the largest in Africa, and continued progress on AFC-backed Infinity Power Holding's 10 GW clean energy ambition, with power purchase agreements secured in Egypt and South Africa. AFC also invested in the 15GW Xlinks Morocco-UK Power Project, providing US$14.1 million to support early-stage development of a transcontinental renewable energy pipeline between North Africa and Europe.
AFC strengthened its capital base and expanded its investor network through several landmark funding initiatives. These included a US$ 1.16 billion syndicated loan - the largest in its history, a US$500 million perpetual hybrid bond issue, and the successful execution of Nigeria's first-ever domestic dollar bond, which raised US$900 million at 180% oversubscription. AFC also returned to the Islamic finance market after eight years, closing a US$400 million Shariah-compliant facility.
The year also saw strong momentum in equity mobilisation, with US$181.8 million in new capital raised from ten institutional investors. These included Turk Eximbank - AFC's first non-African sovereign shareholder - the Arab Bank for Economic Development in Africa (BADEA), and several major pension funds spanning Cameroon, Seychelles, Mauritius, and South Africa. Ratings agencies affirmed AFC's robust credit profile, with AAA ratings from S&P Global (China) and China Chengxin International, and a stable A3 Outlook from Moody's.
“These results send a clear message that strategic investment in African infrastructure creates lasting value for both beneficiaries and investors,” said Samaila Zubairu, President & CEO of AFC. “In 2024, we exceeded the billion-dollar revenue mark, delivered game-changing projects, and reinforced our financial resilience—demonstrating the scalability of our unique model that blends purpose with performance to accelerate Africa's economic transformation.”
Read the full annual report here (https://apo-opa.co/424qlmR)
Distributed by APO Group on behalf of Africa Finance Corporation (AFC).
Media Enquiries:
Yewande Thorpe
Communications
Africa Finance Corporation
Mobile: +234 1 279 9654
Email: yewande.thorpe@africafc.org
About AFC:
AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC's approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure development needs and drive sustainable economic growth.
Seventeen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 45 member countries and has invested over US$15 billion in 36 African countries since its inception. www.AfricaFC.org
Leaders From Angola, Ethiopia, Egypt & South Africa to Lead Discussions at Africa Finance Corporation’s (AFC) 5th Country & Stakeholder Symposium
Africa Finance Corporation (AFC) (www.AfricAFC.org), the continent's leading infrastructure solutions provider, is convening the 5th edition of its Country & Stakeholder Symposium (CSS) tomorrow, April 8, 2025, from 12:30 to 14:00 WAT.
This year's theme, “Making Africa's Institutional Savings Work Better for the Continent,” will spotlight the urgent need to bridge the financing gap in Africa by harnessing the power of domestic institutional capital to fund long-term development. The Symposium will serve as a vital platform to explore how Africa can better mobilize its own institutional savings and redirect them into high-impact, return-generating projects aligned with national development priorities.
The Symposium will showcase AFC's innovative capital mobilization strategies and financial structuring expertise, with a focus on developing new financial products and asset allocation models that attract and retain institutional investors.
Discussions will also include potential regulatory enhancements needed to unlock domestic capital for productive investments, while maintaining strong protections for savers.
High-profile leaders and industry experts from the public and private sectors will be speaking at the symposium including:
- H.E. Vera Esperança dos Santos Daves De Sousa, Minister of Finance, Angola
- Dr. Brook Taye, CEO, Ethiopian Investment Holdings
- Kabelo Rikhotso, Chief Investment Officer, Public Investment Corporation (PIC), South Africa
- Armando Manuel, Chairman, Angola Sovereign Wealth Fund
- Ayaan Zeinab Adam, Senior Director and CEO, AFC Capital Partners
The event will be moderated by CNBC Africa Senior Anchor, Fifi Peters, and will convene key stakeholders from across the continent's public and private sectors.
This is a virtual event. To register, please visit: Register here https://apo-opa.co/3EbZQTh
Distributed by APO Group on behalf of Africa Finance Corporation (AFC).
Media Enquiries:
Yewande Thorpe
Communications
Africa Finance Corporation
Mobile : +234 1 279 9654
Email : yewande.thorpe@africafc.org
About AFC:
AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC's approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure development needs and drive sustainable economic growth.
Seventeen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 45 member countries and has invested over US$15 billion in 36 African countries since its inception. www.AfricAFC.org
Top African Projects Driving the Mining-Energy Nexus
Mining represents one of the most energy-intensive industries globally. As African nations ramp up mineral extraction to drive economic growth, mining projects and stakeholders are increasingly investing in energy infrastructure to sustain operations and meet rising production targets. Amid efforts to improve grid stability, the upcoming African Mining Week conference will highlight the continent's investment opportunities emerging from the mining-energy nexus.
Northam Bolsters Power Supply for South African Mines
In February 2025, mining firm Northam signed a power purchase agreement (PPA) for 140 MW of wind power to support its platinum group metals operations in Limpopo. This deal follows an earlier PPA signed in October 2024 for an 80 MW solar power facility to supply the company's Zondereinde mine, aimed at driving South Africa's expansion of its PGMs sector. These agreements are part of Northam's broader strategy to enhance energy security and sustainability while reducing its carbon footprint in alignment with national renewable energy goals.
Richards Bay Minerals Expands PPA Portfolio
Richards Bay Minerals, a subsidiary of mining multinational Rio Tinto, signed its third PPA with Red Rocket in February 2025, securing 230 MW of electricity from Red Rocket's 380 MW Overberg Wind Farm. This agreement increases the company's total contracted renewable energy supply to 500 MW and supports Rio Tinto's commitment to reducing emissions by 50% by 2030. Richards Bay Minerals also taps into energy from the 130 MW Bolobedu solar PV plant and 140 MW Khangela Emoyeni wind farm.
Further Investments in Renewables for Mining
Other mining companies across Africa are driving large-scale energy projects to secure a stable power supply. In South Africa, Ivanhoe Mines completed a 5 MW solar facility in Q1 2025 to support its Platreef PGM mine, while Impala Platinum signed a five-year PPA with Discovery Green to supply wheeled renewable energy to its Impala Refineries operation. Meanwhile, commodities firm Trafigura is developing a 2 GW initiative to power Angolan mines, and First Quantum is set to commission a 430 MW project in Zambia in 2025. Tronox Holdings plans to roll out 400 MW of energy projects in South Africa by 2027 and Chinese mining company CMOC is preparing a 200 MW energy project in the DRC, set for commissioning by 2028.
As these investments unfold, African Mining Week will showcase key milestones in energy security for the sector, highlighting lucrative opportunities within Africa's independent power markets. The event will emphasize the growing demand for stable, sustainable energy solutions as miners continue to invest in energy infrastructure.
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.
Budget 2025 vital for economic growth and poverty alleviation
Budget 2025 vital for economic growth and poverty alleviation
In his weekly newsletter, President Cyril Ramaphosa has emphasised the crucial role of the 2025 Fiscal Framework and Revenue Proposals, which were recently passed by Parliament, in driving economic growth and relieving the effects of poverty.
The budget – tabled by Finance Minister Enoch Godongwana in Parliament last month – was passed by Parliament last week.
“The 2025 Budget is directed at growing the economy and supporting the livelihoods of our people.
“It is a critical instrument to drive development, eradicate poverty and narrow inequality. At a time of constrained economic growth and narrow fiscal space, the budget must direct sufficient resources to activities that encourage inclusive growth and lay the groundwork for sustained economic recovery.
“It reflects the strategic priorities of the Government of National Unity: inclusive growth and job creation, reducing poverty and tackling the high cost of living and building a capable, ethical and developmental state,” he said.
Uplifting the nation
The budget has a strong focus on the social wage with 61% of resources directed at, amongst others, healthcare, education, housing and social grants.
“Over the past 24 years we have implemented an indigent policy under which free water, electricity and sanitation services are provided to qualifying households.
“Social grants, like the childcare, old age and disability grants, are another tool for alleviating poverty. This year, the value of these grants will increase at above inflation. The Social Relief of Distress grant, which has played an important role in poverty alleviation, will also be extended for another year," President Ramaphosa said.
As part of improving access to healthcare, the President said there will be a higher allocation of funding to clinics and community health centres.
He said government is investing in the recruitment and retention of health personnel, particularly doctors and nurses, and to employ newly qualified doctors after their community service ends.
The budget also allocates substantial funding to “other frontline services such as teachers, police, emergency personnel and the Border Management Authority”.
“Improving educational outcomes is key to community upliftment, development and producing the skills needed by our economy. Budgetary allocations have been made to support teacher training, for expanded mother-tongue bilingual education and for early reading programmes.
“This year sees a substantial investment in early childhood development, reflecting our commitment to establishing a solid foundation for the development of every child,” the President added.
Funding for public employment programmes and to support small businesses has also been allocated.
Driving growth
President Ramaphosa noted sustaining expenditure on the social wage requires “higher levels of economic growth”.
“The budget allocates considerable resources to encourage infrastructure development, which drives growth and job creation.
“Taken together, up to R1 trillion will be spent on infrastructure over the medium term. This includes the allocation in this budget of an additional R62 billion over the next three years for road maintenance, electricity transmission lines, water and sanitation projects, school infrastructure and to support the ongoing recovery of our rail networks.
“Support is also provided to other growth enhancing measures in the medium term, including incentive programmes in automotive, business process outsourcing, special economic zones, electric vehicle production, clothing and textiles, and other sectors,” he said.
South Africa’s municipalities will also receive adjusted budget allocations to help them address infrastructure needs and improve service delivery.
“In a challenging economic environment – both locally and globally – this year’s budget supports measures to drive growth and relieve the effects of poverty. At the same time, it aims to stabilise public finances and continue to reduce our national debt.
“The budget reflects the priorities of Government’s Medium Term Development Plan, a five-year programme of action that prioritises rapid, inclusive growth, creating a more just society and building state capacity.
“At a time when our singular focus must be the South African people, we need to use the limited resources we have to work together for the common good,” President Ramaphosa concluded. – SAnews.gov.za
NeoB
Mon, 04/07/2025 - 09:37
135 views
CLG Granted CEMAC Tax Accreditation, Reinforcing Position as Regional Legal Partner
Legal, tax and business advisory conglomerate CLG (www.CLGGlobal.com) - formerly Centurion Law Group – has officially been approved as a Central African Economic and Monetary Community (CEMAC) tax advisor by the CEMAC Standing Committee on Fiscal and Accounting Harmonization. CLG Tax and Legal will provide its full suite of tax services across all CEMAC member countries, supporting business and transactions across various strategic fields, including oil, gas and mining.
The tax certification not only comes as part of a broader restructuring of CLG's tax and legal services offerings, aimed at positioning the firm to better serve clients throughout the region with integrated solutions, but as the CEMAC region pursues accelerated growth across its strategic economic sectors. Specifically, the region's oil and gas sector is on track for rapid growth, as nations implement ambitious production targets. The Republic of Congo aims to produce 500,000 barrels per day (bpd) by 2027; Gabon targets 220,000 bpd in the short-term; while Equatorial Guinea and Cameroon are scaling-up gas monetization. These targets require significant levels of investment and CLG stands ready to support transactions and broader economic growth.
Given the potential of the CEMAC region's natural and mineral resources, project developers and investors have already begun to expand their presence across the region. In the Republic of Congo, TotalEnergies is investing $600 million in the Moho Nord project; Trident Energy recently acquired stakes in the Nkossa, Nsoko II, Lianzi and Moho-Bilondo fields; while Perenco increased production at the Tchibouela II and Tchendo II fields following a $30 million investment. In Gabon, wildcat drilling is underway on Blocks BC-9 and BCD-10 while Perenco advances the $1 billion Cap Lopez LNG terminal toward a 2026 start. In Equatorial Guinea, the country is preparing to launch an oil and gas licensing round while Cameroon drives a gas-to-industry agenda. Further developments in Chad are underway, highlighting the region's potential as a major producing hub.
Stepping into this picture, CLG's accreditation will serve to further support current and future transactions. Over the past decade, CLG has significantly grown its tax practice, providing comprehensive tax advisory and compliance services to numerous multinational companies operating across Africa. This sustained growth reflects CLG's commitment to meeting the complex tax needs of investors and businesses on the continent, from corporate tax planning and regulatory compliance to cross-border taxation strategies.
“By bolstering our tax practice in the CEMAC region, CLG continues to establish itself as a one-stop-shop for investors in the region and across the continent. The CEMAC accreditation aligns with our strategy to support impactful transactions in Africa and we look forward to strengthening our presence across the continent,” stated Zion Adeoye, CEO and Managing Partner of CLG.
CLG already has a strong presence in Africa, with offices in South Africa, Nigeria, Mauritius, Ghana, the Republic of Congo, Cameroon, Equatorial Guinea, Namibia and South Sudan. The company caters to a diverse portfolio of multinational companies operating globally, delivering bespoke solutions tailored to address the unique challenges and complexities faced by clients in different industries. CLG's expertise covers energy, infrastructure, mining, agriculture and ESG, to name a few. For the CEMAC region, CLG's extensive network and growing expertise positions the firm as strategic partner for regional and global firms. As companies expand their presence across the region, CLG's agile, integrated approach - underpinned by its local roots and depth of experience - demonstrates the rising prominence of African advisory firms on the global stage. The CEMAC tax certification not only expands CLG's regional service coverage but also solidifies its reputation as a trusted partner for businesses navigating Central Africa's evolving tax landscape.
“CLG's deep understanding of its clients' businesses, collaborative approach with local authorities, multinational orientation and highly experienced local teams are some of the factors that set our tax practice apart in the region,” stated Daoudou Mohammed, CLG Tax and Legal Director.
Distributed by APO Group on behalf of CLG.
Minister Meth hands over R514m contract to 15 LAP partners
Minister Meth hands over R514m contract to 15 LAP partners
Employment and Labour Minister Nomakhosazana Meth, has officially handed over R514 million in contracts to 15 Labour Activation Programme (LAP) partner companies in Mpumalanga, aimed at stimulating job creation in the province.
The 15 LAP partner companies are expected to provide training to over 9 600 job seekers after signing a pledge committing to the absorption of these jobseekers in key sectors of the economy.
Speaking at the handover event held at Mbombela Stadium on Monday, Meth said the handover is not just about launching projects but also igniting opportunities that will reach thousands of individuals, uplift families, and strengthen communities.
“We are investing not just in businesses, but in people, skills, and making dreams that deserve to be realised a possibility. This is what real economic transformation looks like - not just numbers on a page, but real impact on the lives of those who call Mpumalanga home,” the Minister said.
The Minister said that the partners whom the contracts have been handed over to have been given a condition to guarantee jobs for beneficiaries.
“I have made it a requirement that all the LAP partners recruit at least 70% of the beneficiaries from the Employment Services of South Africa (ESA) platform, which is a government system placed to connect job seekers with available opportunities,” she said.
She moved to highlight that Mpumalanga is a province of movement, boasting infrastructure that connects the nation to greater possibilities. It is home to one of the most important economic corridors, the Maputo Corridor, a vital route that links us to the Port of Maputo and connects South Africa to the rest of the world.
“Through this corridor, we export our agricultural produce, our minerals, and our manufactured goods, which fuel the country’s economy. It is this very corridor that has the power to transform small businesses into major players, to take local industries and give them a global footprint,” she said.
The Minister also noted that approximately 1 million young South Africans become available to the labour market. However, only 400 000 find steady work, 300 000 find some work, while about 300 000 never find work.
She stressed that without decisive and intentional interventions from the government, in collaboration with relevant societal partners, the situation is unlikely to improve.
Young people continue to face challenges in entering the labour market due to a lack of work experience, and in some cases, possessing skills that do not align with market demands.
“It is for this reason I emphasise that our response must be decisive, and I dare say – aggressive.
“I am pleased and equally excited that today, at this municipality of Mbombela we gather to handover the Labour Activation Program contracts to 15 partners, who will create job opportunities for 9 616 beneficiaries to the value of over R514 million across 4 districts and spanning to over 11 local municipalities,” the Minister said.
The Minister said the Labour Activation Program is the department’s direct policy response to unemployment, affording job seekers opportunities to improve their employability and connect them to the world of work.
“Our focus should combine skills training, work experience, and job placement services to help participants transition into the labour market.
“With these projects, we are saying to the people of Mpumalanga: we see you, we believe in you, and we are committed to your success. We are saying to the youth that there is space for you in this economy, that your talents and skills are needed, as the future belongs to you. We are saying to businesses that you are not alone, the government is here to support you and to open doors to break down barriers that have held back growth for too long,” the Minister said.
The Minister added that government is strengthening private sector partnerships to collaborate in creating more job opportunities and ensure training programs are relevant to industry needs.
“We need every South African to believe in the power of collective action. This drive grew stronger after President Ramaphosa established an Inter-Ministerial Committee of government and business partnership on unemployment, skills development and SMME support, which is chaired by me as the Minister of the Department of Employment and Labour.
“Throughout this partnership, our targeted interventions for groups disproportionately affected by unemployment, such as youth, women and people with disabilities remain our priority.
“Let us continue working together to build a better country- collectively working together, we can change the trajectory of unemployment,” the Minister said. – SAnews.gov.za
DikelediM
Tue, 04/01/2025 - 09:04
223 views
SA, DRC strengthen ties amid security concerns
SA, DRC strengthen ties amid security concerns
International Relations and Cooperation Minister Ronald Lamola has met with his counterpart from the Democratic Republic of Congo (DRC), Thérèse Kayiwamba Wagner, to enhance bilateral cooperation and address ongoing security challenges.
During the political consultations, Lamola expressed his condolences due to the turmoil affecting the Congolese people, particularly vulnerable groups such as women and children.
“The security situation in the eastern Democratic of the Congo is fragile and is cause for concern. Many people have lost their lives and, millions, especially women and children, have been displaced,” he said on Thursday.
He noted that the United Nations Security Council had convened multiple emergency sessions to address the crisis.
“The United Nations Security Council convened no less than three emergency sessions to review developments in the eastern DRC. Similarly, our regional and continental organisations have also met and called for a ceasefire, an end to hostilities, facilitation of humanitarian assistance, and a return to the peace talks.
“The people of the eastern Democratic Republic of the Congo are yearning for peace and normalcy. We dare not fail them.”
South Africa has pledged its unwavering support for peace efforts in the region as it backs ongoing mediation initiatives aimed at achieving a long-term resolution to the conflict.
Lamola highlighted the appointment of former President Kgalema Motlanthe to the mediation team, stressing his extensive political experience as an asset in the quest for peace.
“We have no doubt that with his vast political experience, former President Motlanthe will be an asset to the team,” he added.
Lamola and Wagner, the DRC Minister of Foreign Affairs, International Cooperation, and Francophonie, reviewed the state of bilateral relations during their meeting and reflected on the commitments made during the recent Bi-National Commission (BNC) session.
“We should examine progress in our joint efforts of promoting trade and investment between our countries, an area which is critical to the growth of our respective economies and the improvement of the lives and livelihoods of our people.”
As South African companies show increased interest in investing in the DRC, Lamola encouraged both nations to create the necessary conditions for these investments and announced that the country’s development finance institutions are also willing to extend and expand their coverage.
“Working together I am confident that we will create the necessary conditions for these investments to be realised,” he added.
The two countries plan to convene a comprehensive review of BNC outcomes in the coming months, setting the stage for the next session later this year.
Lamola said Wagner’s visit was a testament to the commitment of both nations to foster a stronger partnership.
“Senior officials should be directed to put their shoulders to the wheel to follow through all the tasks that have been agreed to but remain outstanding.”
Lamola and Wagner were joined by the Ministers of Defence from both locally and the DRC. – SAnews.gov.za
Gabisile
Thu, 03/27/2025 - 13:03
198 views
A Landmark Step for Lesotho
In a significant stride towards bolstering its pandemic preparedness and response capabilities, Lesotho convened its inaugural National Steering Committee (NSC) meeting for the Pandemic Fund Southern Africa Multicountry Project. This crucial gathering, held in Maseru, marked a pivotal moment in the nation's efforts to safeguard its population against future health crises.
Lesotho, a recipient country in the second round of the Pandemic Fund's regional proposal alongside Botswana, Madagascar, Mozambique, Malawi, Namibia, South Africa, and Zimbabwe, will benefit from resources aimed at strengthening One Health Disease Surveillance and Response. This initiative, focused on combating disease outbreaks, will enhance Lesotho's infrastructure for pandemic/epidemic preparedness and response. The NSC, a vital component for the implementation of the fund, will serve as the guiding force to ensure the effective utilization of these funds for maximum impact.
The meeting was presided over by the Principal Secretary of the Ministry of Health, Mrs. Moliehi Maneo Ntene, and co-chaired by the WHO Representative, Dr. Innocent Nuwagira. The session drew a diverse and influential assembly, including head of mission from the World Health Organization (WHO) and representation from the World Bank and UNICEF. Principal Secretaries from key ministries, including Health, Agriculture, Finance, Environment, Trade, Education, Gender and Social Development, and Disaster Management Authority, were also in attendance as members of the NSC.
This broad representation underscores the cross-sectoral nature of pandemic preparedness, recognizing that effective responses require a unified, multi-faceted approach.
In her opening remarks, Mrs. Ntene acknowledged Lesotho's vulnerabilities and the need to strengthen its health systems. “Recognizing our vulnerabilities in emergency prevention, preparedness, and response, we seized the opportunity to apply for funding through the Pandemic Fund. The successful multi-country initiative allows us to strategically address our gaps. With this newly formed, multi-sectoral steering committee, we are confident in our ability to strengthen our health systems and build a more resilient Lesotho, ensuring the health security of our people,” said Mrs. Moliehi Maneo Ntene, Principal Secretary, Ministry of Health
WHO Representative Dr. Innocent Nuwagira echoed this sentiment, emphasizing the importance of strong national leadership and coordinated action. “The establishment of this National Steering Committee signifies Lesotho's proactive commitment to safeguarding its population. As WHO, we are committed to working alongside the government and partners, ensuring the Pandemic Fund's resources are strategically deployed to build a resilient and robust health system capable of effectively responding to pandemic threats,” reflected Dr. Innocent Nuwagira, WHO Representative in Lesotho.
A key focus of the meeting was to establish and define the functions of the NSC. Participants meticulously reviewed and endorsed the Terms of Reference (TORs), laying a solid foundation for the committee's operational framework. This crucial step ensures clarity and accountability in the NSC's role, facilitating efficient decision-making and implementation. Additionally, the meeting provided an opportunity to review and endorse the projects microplan presented by the Pandemic Fund task team. The plan outlined strategic interventions in critical areas such as early warning and disease surveillance, laboratory capacity, and workforce capacity through a One Health approach. These focus areas are essential for strengthening Lesotho's ability to prevent, detect and respond to future pandemics.
The Pandemic Fund aims to empower countries like Lesotho to build resilient health systems by investing in infrastructure, training healthcare professionals, and fostering inter-agency collaboration. The One Health approach recognizing the interconnectedness of human, animal, and environmental health - will enable a more holistic and proactive response to emerging threats. As Lesotho embarks on this critical phase of implementing the Pandemic Fund's initiative, the inaugural NSC meeting demonstrates the nation's dedication to strengthening its health security, through collaborative efforts and strategic planning, for a safer and more resilient future for Basotho.
Distributed by APO Group on behalf of World Health Organization (WHO) - Lesotho.