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Afreximbank President Professor Benedict Oramah Receives Prestigious Mohammed Barkindo Lifetime Achievement Award

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Professor Benedict Okey Oramah, President and Chairman of the Board of Directors at African Export-Import Bank (Afreximbank) (www.Afreximbank.com), has been awarded the prestigious Mohammed S. Barkindo Lifetime Achievement Award at the African Energy Awards, held on the sidelines of the African Energy Week (AEW) 2024: Invest in African Energy conference, happening between 4-8 November in Cape Town, South Africa.  

The award, named in honour of the former Secretary-General of OPEC, the late Dr Mohammed Barkindo, recognizes individuals who have made exceptional and lasting contributions to Africa's oil, gas, and energy sectors. This honour represents the highest accolade in African energy, awarded to individuals whose work has had a transformative impact on the continent's energy sector. Notable past recipient of the Mohammed S. Barkindo Lifetime Award in 2023 is Keith Hill, former President and CEO of Africa Oil Corp. 

For over three decades, Prof. Oramah has played a critical role in driving sustainable development across Africa by channelling essential funding into major oil, gas, and infrastructure projects. Since assuming leadership of Afreximbank in 2015, he has pioneered innovative financing structures that have democratised energy access and accelerated industrialization and the growth of Africa's strategically critical energy sector. 

Under Prof. Oramah's leadership, Afreximbank has made substantial contributions to the growth of Africa's energy sector. Under his stewardship, the Afreximbank has facilitated the mobilization of over USD 70 bn to support Africa's energy sector. Included in this is more than USD 5bn for refineries in Nigeria, Angola and Senegal, to further Africa's refined product independence and reduce the continent's Foreign Exchange drain.  

In Nigeria, Afreximbank now acts as Adviser and Settlement Bank for NGN denominated crude sales to Nigerian refineries. Replicated across the oil producing states in Africa, this will save several USD 100mn per annum in transactional charges alone. Ranking among President Oramah's most significant achievements is the historic signing of the Establishment Agreement and the Charter of the Africa Energy Bank (“AEB”) in Egypt in June 2024, in partnership with the African Petroleum Producers Organization (APPO). This landmark initiative aims to mobilize funding to support investments across Africa's entire energy system, aligning with the continent's energy needs and its environmental sustainability goals. 

Professor Oramah has led the energy transition agenda through the Bank's support in renewable energy transactions including, but not limited to, the EUR1.3 bn ECA import facility Project Gleam in support of the import of sonar panels for rural electrification in Angola, the EUR 147mn Government of Cameroon solar power project and the US$363 million Gasmeth Energy Rwanda gas extraction and processing project.  

Significantly, the majority of the above-mentioned transactions received numerous industry awards for their impact on the continent, their complexity and their unique structures.   

Prior to joining Afreximbank, Professor Oramah distinguished himself in international trade finance and development. Beginning his career at the Nigerian Export-Import Bank (NEXIM), he played an instrumental role in shaping Nigeria's export development strategies. Prof Oramah holds a Ph.D. in Agricultural Economics from Obafemi Awolowo University in Nigeria.  

Acknowledging the award, Prof. Oramah commented: 

“It is a great honour to be awarded the Mohammed S. Barkindo Lifetime Achievement Award. Whilst a great honour for me personally, this award reflects the work and dedication of many others, including my colleagues at Afreximbank and our various partners. At Afreximbank, we remain deeply committed to reducing energy deficit on the continent and ensuring we are self-sufficient. 

Distributed by APO Group on behalf of Afreximbank.

Media Contact: 
Mr Vincent Musumba 
Manager, Communications and Events (Media Relations) 
Email: press@afreximbank.com 

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About Afreximbank : 
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa's trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries to effectively participate in the AfCFTA. At the end of December 2023, Afreximbank's total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. The Bank disbursed more than US$104 billion between 2016 and 2023. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody's (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure, (together, “the Group”). The Bank is headquartered in Cairo, Egypt. 

For more information, visit: www.Afreximbank.com 

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Afreximbank Calls for Increased Collaboration to Accelerate the Green Energy Transition in Africa

Location: News
Afreximbank

The eighth Babacar Ndiaye Lecture held at the Four Seasons Hotel in Washington D.C., on 26 October 2024, under-scored the need for African nations to strike a balance between short-term development imperatives and long-term climate goals. 

Under the theme “Saving Lives Today versus Saving the Planet for the Future: Can the AfCFTA Resolve the Climate Change Dilemma” discussions centred on how the African Continental Free Trade Area (AfCFTA), Africa's most ambitious trade initiative, could serve as a vehicle for economic growth and environmental sustainability, positioning the continent as a leader in the global green transition.  

The Lecture drew a distinguished audience of policymakers, academics, financial experts and climate advocates.  

Speaking about Dr. Babacar Ndiaye in his opening remarks, H.E. Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank Group, said “Dr Babacar Ndiaye was most concerned by the long-term threats posed to humanity by climate change. He once said, "Climate change is the greatest threat to development, particularly in Africa, where millions of people depend on the environment for their livelihoods … Africa's economic transformation cannot happen without addressing climate change.”  

Dr. Ndiaye's reflection on the impact of climate change was spot-on and intellectually deep.” But, “disappointingly, the global debate on climate has been so much focused on emissions reduction with the question of reducing its impact on Africa and other developing countries always reduced to a footnote. A call for Africa to decarbonise, when the continent has not even carbonised, poses a serious threat to the socio-economic development of a gas-rich continent that has at least six hundred million people without electricity.” 

The African Continental Free Trade Area Agreement “is seen as a potent means of reducing carbon emissions as it is helping to domesticate industrial activities and minimise the carbon emissions caused by shipping of commodities to far-away lands for value addition and reshipping to Africa and elsewhere. We believe that The AfCFTA could offer a pathway to a just transition, enabling local industrial value addition while protecting the planet.”  

Professor Yemi Osinbajo, SAN, GCON, the Immediate Past Vice President of the Federal Republic of Nigeria, delivered a powerful address titled “Sustainable Infrastructure for Africa's Future: Harnessing Innovation and Partnerships.” He spoke passionately about the advantages of the AfCFTA and its potential to transform Africa's trade landscape, reduce carbon emissions and foster innovation in green industries. 

“There are two obvious advantages to a fully operational AfCFTA.The first is that 42% of African countries, aside from North Africa, now have legislation prohibiting the export of raw ores or minerals before being processed. This legislation gives African countries the benefit of jobs and revenues from local processing and manufacturing.  

“The second advantage of the AfCFTA is that shipping is a major source of carbon emissions. Under current trade practices, a large share of African raw materials are exported to other regions, where they are processed or manufactured into finished products, usually using fossil fuel power sources, before being shipped back to Africa for consumption. This cycle contributes to higher emissions and constitutes a loss for African countries that do not reap the value chain gain from beneficiation. Intra-African trade in finished goods will substantially reduce this massive cause of global emissions,” he said. 

The reduction of emissions by intra-African trade has been the subject of several empirical studies. Professor Osinbajo referred to a recent ECA/ CEPII study titled “Greening the African Continental Free Trade Area Agreement's Implementation" published in December 2023, which found, inter alia, that implementing the AfCFTA can boost intra-African trade by 35% in 2045 while increasing GHG emissions by less than 1%, compared to no AfCFTA or climate policies.  

These studies do not factor in using renewable energy sources in the processing and manufacturing of traded goods, an assumption of the Climate Positive Growth paradigm, which would again substantially reduce emissions.  

Professor Osinbajo cited mining bauxite in Guinea as an example. If Guinea, which has 25% of global deposits of bauxite, processed the bauxite it mines to aluminium with renewable energy in readiness for export, Guinea could save the world 335 million tonnes of carbon dioxide equivalent (CO2e) per year, which is approximately 1% of global emissions, and create 280,000 jobs and generate $37 billion of additional revenue. If it chooses to sell the aluminium within Africa, it will again save the huge shipping cost to countries thousands of miles away.  

A Bloomberg study done for the African Development Bank (AfDB) in 2021 on the manufacture of battery precursors found that manufacturing battery precursors in the Democratic Republic of the Congo (DRC), which has plenty of lithium and cobalt, is three times cheaper than manufacturing it in the US, EU and China. Manufacturing in the DRC would extend value chain opportunities to other African countries, they would need manganese from Zambia, Tanzania, Gabon and South Africa to contribute to its capacity to produce these battery precursors. Manufacturing using renewable energy could significantly reduce the cost of manufacturing. Africa's abundant renewable energy has very low seasonality or intermittency, making it possible to reliably provide a renewable baseload to power continuous industrial production.  

“The AfCFTA empowers African countries first to add value to materials and specialise in areas of national comparative advantage, and also to work together to trade more beneficially with the rest of the world,” said Prof Osinbajo. 

He futher said that “Most African countries depend on fossil fuels for their energy needs and for fossil fuel rich African countries, this is also a major source of export earnings and fiscal revenues. Ostensibly in keeping with their net zero obligations, there has been a growing trend amongst development finance institutions to withdraw from fossil fuel investment. These actions include the World Bank's decision to cease funding for upstream oil and gas development in Africa and the restrictions on financing downstream gas development by the European Union, the United Kingdom, and the United States. Clearly, the implications of these actions are dire, where there are no immediate alternative sources of power and the cost of the transition to cleaner fuels may be prohibitive. Some studies show that divesting from fossil fuels could reduce GDP by as much as USD$30 billion for Nigeria, USD$22 billion for Algeria, and USD$19.3 billion for Angola.” 

H.E. Dr Rania A Al-Mashat, Minister for Planning, Economic Development and International Co-operation, Arab Republic of Egypt said that while the “African continent is the least responsible for carbon emissions, it has the biggest burden in terms of financing climate change for developmental needs - such as food and water security, and access to energy. 

She called for greater collaboration with national and international stakeholders “We need to work together; we need to bring the experiences from other places so that Africa can push forward with respect to development and sustainable economic growth.” 

In her Goodwill Message, Ms. Amina J. Mohammed, Deputy Secretary-General of the United Nations and Chair of the United Nations Sustainable Development Group, spoke about the rapidly closing window to prevent the worst impacts of climate change. She addressed the fact that many African countries are mired in debt, exacerbated by extended crises with little access to long-term concessional financing to invest in sustainable development. 

“With adequate access to financial resources at a reasonable cost, renewables can dramatically boost economies, grow new industries, create jobs and drive development, including by reaching the over 600 million Africans living without access to power,” said Ms Mohammed. 

She also stressed the importance of prioritising inclusive policies that empower women and youth when building climate-resilient economies.  

“By harnessing the collective might of the AfCFTA, Africa can make strides in addressing both climate action and sustainable development by promoting regional integration and fostering green industrialisation.  

“The AfCFTA can help build climate-resilient economies while creating jobs, reducing poverty and strengthening food security.”  

The eighth Babacar Ndiaye Lecture also reinforced Afreximbank's commitment to leadership in financing sustainable infrastructure and trade policies across the continent. 

Distributed by APO Group on behalf of Afreximbank.

Media Contact: 
Vincent Musumba 
Communications and Events Manager (Media Relations) 
Email: press@afreximbank.com 

For more information, visit: www.Afreximbank.com  
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About the Babacar Ndiaye Lecture 
The Babacar Ndiaye Lecture is an annual event designed to foster dialogue around Africa's development challenges and explore practical solutions through policy, trade and diplomacy.  

The Lecture honours Babacar Ndiaye, a former President of the African Development Bank, for his visionary leadership in advancing Africa's economic growth. 

Afreximbank has hosted this Lecture every year since 2017 in honour of the late Dr. Babacar Ndiaye, the fifth President of the African Development Bank. Dr. Ndiaye transformed the Bank during his decade-long leadership and was also instrumental in establishing several other enduring Pan-African institutions, including Afreximbank, Shelter Afrique and the African Business Roundtable. 

About Afreximbank 
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance, facilitate and promote intra and extra-African trade. For over 30 years, the Bank has been deploying innovative instruments to deliver financing solutions that support the transformation of the structure of Africa's trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Area (AfCFTA), Afreximbank has in partnership with the African Union Commission and the AfCFTA Secretariat launched the Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA agreement. The AfCFTA Secretariat and the Bank have created a US$10 billion Adjustment Fund to support countries to effectively participate in the AfCFTA.  

At the end of December 2023, Afreximbank's total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody's (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure, (together, “the Group”). The Bank is headquartered in Cairo, Egypt.  

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Presidency asserts stance on South Africa’s foreign policy 

Location: News

Presidency asserts stance on South Africa’s foreign policy 

The Presidency has reaffirmed South Africa’s commitment to a foreign policy grounded in solidarity, peace, equality, human rights and sustainable development for the benefit of all.

In a statement on Sunday, the Presidency emphasised that President Cyril Ramaphosa is dedicated to strengthening political and trade ties, while supporting the rights of oppressed communities globally.

“As President Cyril Ramaphosa continues to lead the 7th administration in strengthening all key political and trade ties, working in solidarity with the oppressed peoples of the world in Palestine and Western Sahara, while advocating for peaceful resolution of conflicts around the globe, South Africa will maintain a foreign policy that is informed by solidarity, peace, equality, human rights and sustainable development for the benefit of all. 

"This is the responsibility that President Ramaphosa will continue to exercise without any undue pressure and in line with South Africa’s national sovereign interest,” the Presidency said.

In an August 2023 address preceding the South African-hosted 15th BRICS Summit, President Ramaphosa outlined the values underpinning the country’s foreign policy. 

In the address, President Ramaphosa articulated the principles and values that shape the country’s foreign policy and inform its international relations.

“Before the dawn of democracy in 1994, the apartheid South African state was a pariah in the international community, condemned for committing a crime against humanity," President Ramaphosa said at the time.

He highlighted that the foreign policy of apartheid South Africa was defined by coercion, destabilisation and military aggression. 

“Since the advent of democracy, South Africa’s foreign policy has been based on what our forebears inscribed in the Freedom Charter in 1955, when they declared that: 'South Africa shall be a fully independent State, which respects the rights and the sovereignty of all nations; South Africa shall strive to maintain world peace and the settlement of all international disputes by negotiation – not war'."

The President further affirmed South Africa’s foreign policy as a vital element of the nation's progress. South Africa’s strong relations with other countries manifested through investment and trade relations that can contribute to the growth of the economy, create more opportunities for new businesses and create jobs. 

“President Ramaphosa has been steadfast in maintaining South Africa’s commitment to the policy of active non-alignment. South Africa has resisted pressure to align with any one of the global powers or with influential blocs of nations in their pursuit of power contestations that are unfolding in countries across the globe. 

“The President observed during his foreign policy address that, 'during the Cold War, the stability and sovereignty of many African countries was undermined because of their alignment with the major powers. This experience has convinced us of the need to seek strategic partnerships with other countries rather than be dominated by any other country. 

“While some of our detractors prefer overt support for their political and ideological choices, we will not be drawn into a contest between global powers. Instead, our country strives to work with all countries for global peace and development,” the Presidency said. 

The Presidency noted that it is this resolute adherence to the policy of non-alignment and to the prescripts of the Freedom Charter which informed the nation’s Constitution that South Africa continues to contribute towards the attainment of world peace and silencing the guns on the continent.

The Presidency clarified that President Ramaphosa’s recent remarks declaring President Putin and the people of Russia as “valuable friends and allies”, he was not projecting any particular country or bloc of countries as the enemy. 

“Similarly, as a country that has no enemies, South Africa regards the members of BRICS as friends. It is through the policy of non-alignment that South Africa has been able to constructively engage with both Russia and Ukraine.

“In several engagements, President Ramaphosa has emphasised the centrality of the United Nations Charter and the need for peaceful dialogue in resolving conflict. In the process South Africa has also maintained its strong historical ties with the Russian Federation, whilst enjoying cordial diplomatic bilateral relations with Ukraine. 

“South Africa has also been unwavering in advocating for a peace process that includes the full participation of both countries,” the Presidency said. 

Today, International Relations and Cooperation Minister, Ronald Lamola, will host his Ukrainian counterpart, Minister Andrii Sybiha. 

Amongst the highlights of the visit will be the signing of an Agreement on Visa Waiver for Diplomatic Service or Official Passports. 

This will enable South African officials to travel to Ukraine for peace formula meetings without visa logistical impediments. This development, which has been in the making since 2020, signals South Africa’s commitment to growing diplomatic relations with Ukraine.  

South Africa will soon host the South Africa-European Union summit as part of its G20 presidency, strengthening its strategic partnership with the EU. 

South Africa is the only partner in Africa amongst the European Union’s 10 bilateral strategic partnerships.

The summit will further enhance the existing partnership with the European Union. 

South Africa will continue working towards strengthening the strategic, trade and political bilateral relationships with key partners including the Peoples Republic of China, United States of America, Germany, Japan, India and others. 

South Africa will further consolidate the full implementation of the African Continental Free Trade Area, which is set to eliminate trade barriers, boost intra African trade and achieve prosperity for all of Africa. The African Continental Free Trade Area will also accelerate manufacturing and industrial capacity on the continent. – SAnews.gov.za

DikelediM
Mon, 10/28/2024 - 09:55

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Presidency Asserts Responsibility and Stance on South Africa’s Foreign Policy

Location: News

The Presidency of the Republic of South Africa
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On the 20th of August 2023, ahead of the South African Chaired 15th BRICS Summit, President Cyril Ramaphosa delivered an address to the nation on South Africa's foreign policy.  

In the address, President Ramaphosa articulated the principles and values that shape our foreign policy and inform our international relations when he said: “Before the dawn of democracy in 1994, the apartheid South African state was a pariah in the international community, condemned for committing a crime against humanity.

The foreign policy of apartheid South Africa was defined by coercion, destabilisation and military aggression. Since the advent of democracy, South Africa's foreign policy has been based on what our forebears inscribed in the Freedom Charter in 1955, when they declared that: “South Africa shall be a fully independent state which respects the rights and the sovereignty of all nations; South Africa shall strive to maintain world peace and the settlement of all international disputes by negotiation – not war”.

The President further affirmed South Africa's foreign policy as vital element of our nation's progress. South Africa's strong relations with other countries manifested through investment and trade relations that can contribute to the growth of our economy, create more opportunities for new businesses and create jobs.

President Ramaphosa has been steadfast in maintaining South Africa's commitment to the policy of active non-alignment. South Africa has resisted pressure to align with any one of the global powers or with influential blocs of nations in their pursuit of power contestations that are unfolding in countries across the globe.

The President observed during his foreign policy address that, “during the ‘Cold War', the stability and sovereignty of many African countries was undermined because of their alignment with the major powers. This experience has convinced us of the need to seek strategic partnerships with other countries rather than be dominated by any other country.

While some of our detractors prefer overt support for their political and ideological choices, we will not be drawn into a contest between global powers. Instead, our country strives to work with all countries for global peace and development."

It is this resolute adherence to the policy of non-alignment and to the prescripts of the Freedom Charter which informed our constitution that South Africa continues to contribute towards the attainment of world peace and silencing the guns on our continent.

In declaring President Putin and the people of Russia as “valuable friends and allies”, President Ramaphosa was not projecting any particular country or block of countries as the enemy. Similarly, as a country that has no enemies, South Africa regards the members of BRICS as friends. 

It is through the policy of non-alignment that South Africa has been able to constructively engage with both Russia and Ukraine.

In several engagements, President Ramaphosa has emphasised the centrality of the United Nations Charter and the need for peaceful dialogue in resolving conflict. In the process South Africa has also maintained its strong historical ties with the Russian Federation, whilst enjoying cordial diplomatic bilateral relations with Ukraine. 

South Africa has also been unwavering in advocating for a peace process that includes the full participation of both countries.  

On Monday, 28 October 2024, South Africa's International Relations and Cooperation Minister, Hon. Ronald Lamola, will host his Ukrainian counterpart, Minister Andrii Sybiha. Amongst the highlights of the visit will be the signing of an Agreement on Visa Waiver for Diplomatic Service or Official Passports.

This will enable South African officials to travel to Ukraine for peace formula meetings without visa logistical impediments. This development, which has been in the making since 2020, signals South Africa's commitment to growing diplomatic relations with Ukraine.  

Within the first six months of 2025, the year of South Africa's G20 Presidency, our country will also host the South Africa-European Union summit. South Africa is the only partner in Africa amongst the EU's 10 bilateral strategic partnerships. The summit will further enhance the existing partnership with the European Union.

South Africa will continue working towards strengthening the strategic, trade and political bilateral relationships with key partners including the Peoples Republic of China, United States of America, Germany, Japan, India and others.

South Africa will further consolidate the full implementation of the African Continental Free Trade Area, which is set to eliminate trade barriers, boost intra African trade and achieve prosperity for all of Africa. The AFCFTA will also accelerate manufacturing and industrial capacity on our continent.

As President Cyril Ramaphosa continues to lead the 7th Administration in strengthening all key political and trade ties, working in solidarity with the oppressed peoples of the world in Palestine and Western Sahara, while advocating for peaceful resolution of conflicts around the globe, South Africa will maintain a foreign policy that is informed by solidarity, peace, equality, human rights and sustainable development for the benefit of all.

This is the responsibility that President Ramaphosa will continue to exercise without any undue pressure and in line with South Africa's national sovereign interest.  

Distributed by APO Group on behalf of The Presidency of the Republic of South Africa.

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African Development Bank Appoints Dr Kennedy Mbekeani as Director General for East Africa

Location: News
African Development Bank Group (AfDB)

The African Development Bank Group (www.AfDB.org) has appointed Dr Kennedy K. Mbekeani as Director General for the East Africa Regional Development, Integration and Business Delivery Office, and Country Manager for Kenya, effective from 16 October 2024.

Mbekeani, a citizen of Malawi has over 25 years of senior experience in development finance, project management, policy advisory services, and knowledge generation at national and regional levels.

Prior to this appointment, he served as deputy director general for the Bank's Southern Africa Regional Development, Integration and Business Delivery Office. In this  role  he led the Bank's business development and delivery for sovereign and non-sovereign investments, and provided advisory services to South Africa, Lesotho, Botswana, Eswatini, Namibia and Mauritius. His efforts contributed to the Bank's reputation as a trusted partner for high impact development projects in the region. He also managed relationships with governments and the private sector.

Mbekeani joined the Bank in 2009 as Chief Trade and Regional Integration Officer. Subsequently he has held various roles including lead regional economist, officer in charge and acting regional director respectively of the Bank's South African Resource Centre. While serving as country manager for Uganda, he successfully expanded the Bank's portfolio to over $2 billion.

Before joining the Bank, Mbekeani worked for  the United Nations Development Programme as a trade, debt and globalisation advisor for East and Southern Africa. He also served as senior research fellow at the Botswana Institute for Development Policy Analysis, and senior economist at the National Institute for Economic Policy in South Africa.

He holds a Bachelor of Social Science (Economics and Statistics) degree from the University of Malawi, an MPhil in Monetary Economics from the University of Glasgow, and both an MA and PhD in International Economics from the University of California. He has authored numerous publications focusing on trade, regional integration, and infrastructure development in Africa.

Commenting on his appointment, Mbekeani said: “I am grateful and feel honoured by the confidence President Adesina placed in me through this appointment, as Director General for the East Africa Regional Development, Integration and Business Delivery Office and country manager for Kenya. I look forward to working with the president, the Board of Directors, senior management, our teams and stakeholders to enhance the Bank's operational efficiency, effectiveness and drive impactful developmental outcomes across the region.”

President of the African Development Bank Group and Chairman of the Board of Directors Dr Akinwumi Adesina said: “I am delighted to appoint Dr. Kennedy Mbekeani as Director General for the East Africa Regional Development, Integration and Business Delivery Office, and Country manager for Kenya. Kennedy brings extensive experience in managing operations, policy dialogue, coupled with astute diplomacy and well-tested ability to work effectively with countries and development partners. His knowledge of the Eastern Africa region and well-proven experience in delivering robust operations for the public and private sectors will strongly benefit the work and operations of the African Development Bank Group in East Africa and all countries in the region.”

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

Media Contact:
Olufemi Terry
Communication and External Relations
media@afdb.org

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

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African Development Bank and Absa Unveil Multi-Billion Rand Financial Package to Expand Sustainable Capital Markets, Boost Economic Growth for Women and Youth

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African Development Bank Group (AfDB)
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The African Development Bank (www.AfDB.org) and Absa Group, one of Africa's leading financial services providers, today celebrated a landmark agreement to mark the execution of a transformative financial package aimed at increasing funding for underserved segments, across South Africa and the continent. The target audience includes women-owned businesses, youth entrepreneurs, and small and medium-sized enterprises (SMEs).

In addition to enhancing Absa's regulatory capital, the facility will promote access to finance, deepen domestic capital markets, and ensure continued access to global supply chains for issuing banks in regional member countries, including low-income and fragile states.

The financial package includes:

  • A subordinated sustainability-linked (Tier 2) loan amounting to R1.7 billion, complemented by a non-financial support package of R18 million for capacity building and technical assistance targeted at SMEs, youth, and women-owned enterprises.
  • Subscription of R1 billion into Absa's inaugural social (Tier 2) bond issuance, with proceeds earmarked for providing affordable housing loans to female homeowners.
  • A trade finance Risk Participation Agreement (RPA) facility valued at $150 million, designed to underwrite the risks of trade transactions originated by African issuing banks, reinforcing Absa's role as a regional bank.

Several components of the package have already been executed, including the successful issuance of Absa's first Tier 2 social bond on the Johannesburg Stock Exchange in July 2024. The R1 billion proceeds from this bond will be allocated towards affordable housing loans specifically targeting women, empowering them as first-time homeowners in low-income segments.

Leila Mokaddem, Director General of the African Development Bank's Southern Africa Region, stated: “This partnership with Absa Group underscores our commitment to driving sustainable and inclusive economic growth across Africa. Through this financial package, we are not only fortifying Absa's capital base but also ensuring that essential funding reaches women, youth, and entrepreneurs, fostering a more equitable and prosperous continent. This collaboration aligns seamlessly with our strategic priorities of supporting Africa's industrialization and enhancing the quality of life for its people. “

Absa has secured a R1.7 billion sustainability-linked Tier 2 loan aimed at general corporate business purposes while incentivizing the extension of finance products to women-owned SMEs as a key performance indicator. As part of this agreement, Absa is collaborating with the African Development Bank to enhance skills among both Absa staff and women business owners. A capacity-building training program has been launched to address the unique challenges faced by female and youth entrepreneurs, by providing mentorship and financial solutions.

Charles Russon, Absa Group interim CEO designate remarked: “The finalisation of this package concludes a three-year process that significantly enhances our capacity to fund social initiatives aligned with our commitment to being a force for good. This partnership enables us to increase funding for women and youth in South Africa while facilitating greater trade opportunities across the continent. “

“This partnership aligns with the African Development Bank's strategic objectives of advancing green, social, and sustainability instruments in the domestic capital markets, supporting African capital market development and regional financial integration,” said Ahmed Attout, Director of the Financial Sector Development Department at the African Development Bank. He emphasised that it is designed to empower Absa to effectively disburse funds for highly impactful social and sustainable economic development initiatives.

The $150 million trade finance facility will drive trade support across Africa, addressing the continent's annual trade finance gap of over $100 billion. This initiative will enhance access to financing for key sectors such as agriculture, transport, and manufacturing, while fostering financial sector development and regional integration.

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

Contact:             
African Development Bank:  
Natalie Naudé,
Communication and External Relations Department,
email: media@afdb.org

Technical Contacts:
Peter Onyango,
Chief Capital Markets Officer,
Financial Sector Development Department,

Bleming Nakati,
Regional Lead,
Private Sector Operations, Southern Africa

Absa:
Carli Cooke,
Head of Media Relations,
email : prmedia@absa.afrca

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

About Absa Group:
Absa Group Limited (‘Absa Group') is listed on the Johannesburg Stock Exchange and is one of Africa's largest diversified financial services groups.  Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance.  

Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia. Absa also has offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic. 

For further information about Absa Group Limited, visit www.Absa.africa. 

Read moreAfrican Development Bank and Absa Unveil Multi-Billion Rand Financial Package to Expand Sustainable Capital Markets, Boost Economic Growth for Women and Youth

Benin to Contribute $2 Million to the African Development Fund

Location: News
African Development Bank Group (AfDB)

Benin joins six other African countries that contribute to ADF; 74 million people in Africa have benefitted from improvements in agriculture for food security through the Fund.

Benin has pledged $2 million to the next replenishment of the African Development Fund, the concessional window of the African Development Bank Group.

The country's Minister of Economy and Finance, Romuald Wadagni, made the announcement in Cotonou, at the opening session of the Mid-Term Review of the 16th Replenishment of the Fund.

It came shortly after the head of the African Development Bank Group, Dr Akinwumi Adesina invited Benin's President Patrice Talon to be a champion of ADF 17 and encouraged him to “pledge financial support.”

Announcing his country's pledge, Minister Wadagni said the African Development Fund was a trusted partner for low-income countries and recommended that each “recipient country demonstrates rigour and transparency.”

He said one of Benin's objectives was “to ensure that we can use the ADF instrument in the form of guarantees and raise money in order to benefit from its leverage effect.”

The current three-year financing cycle, which received a record $8.9 billion ends in 2025. Benin becomes the seventh African country to contribute, joining Algeria, Angola, the Democratic Republic of Congo, Egypt, Morocco and South Africa.

“Our ambition is encouraging more African countries to become state participants in the ADF,” said Adesina, citing Kenya's pledge of $20 million to ADF, announced last May by President William Ruto during the Annual Meetings of the African Development Bank Group in Nairobi.

He said the African Development Fund is providing Benin with $108.2 million towards general budget support for economic governance and private sector development program focused on improving the overall business climate, supporting agro-industrial sector and strengthening the development of Special Economic Zones, like Glo Gjigbe, that ADF delegates visited as part of the Mid Term Review program.

Across the continent, Adesina said the African Development Fund is achieving impactful and impressive results.

“15 million people have been provided with access to electricity. 74 million people have benefitted from improvements in agriculture for food security. 45 million people have benefitted from improved transport. And over 8,700 kilometers of roads have been built or rehabilitated,” said Adesina.

“I am proud of what this institution has achieved in its 50 years of existence,” he added, pointing out that the Fund has been ranked “the second-best concessional financing institution in the world for the quality of its development assistance.”

The Cotonou meeting was attended by ministers, representatives of donor and beneficiary member countries, the Bank Group's Board of Directors, senior management and staff.

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

Media contact:
Amadou Mansour Diouf
Communications and External Relations Department
media@afdb.org

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

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African Development Bank Group (AfDB)
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Read moreBenin to Contribute $2 Million to the African Development Fund

Cabinet welcomes UNGA resolution on Israel’s occupation

Location: News

Cabinet welcomes UNGA resolution on Israel’s occupation

Cabinet has welcomed the United Nations General Assembly’s (UNGA) historic resolution that declared Israel’s occupation of East Jerusalem, the West Bank, and Gaza unlawful, and mandating the complete withdrawal of Israeli settlers and soldiers.

“This resolution is not only significant for South Africa’s case at the International Court of Justice (ICJ) but that developed countries such as Spain, Belgium and Japan joined most of the countries of the global South in supporting the resolution,” Minister in The Presidency Khumbudzo Ntshavheni said on Thursday in Pretoria, during a media briefing.

With the escalation of conflict in Sudan, Cabinet has called on all Sudanese to adhere to the guidelines of the African Union and Intergovernmental Authority on Development to end the conflict. 

“South Africa stands ready to offer its expertise to assist parties, role players and other relevant stakeholders to collectively work towards finding lasting peace in the Sudan,” the Minister said.

Meanwhile, Cabinet noted President Ramaphosa’s Working Visit to the Kingdom of Lesotho at the invitation of King Letsie III. 

“During the visit, the President attended the 58th Lesotho Independence Day and Bicentennial Celebration, and also delivered remarks during the celebrations to commemorate the Basotho Nation’s rich heritage,” Ntshavheni said. - SAnews.gov.za
 

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Thu, 10/10/2024 - 12:03

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City of Cape Town to host World Rugby’s WXV tournament

Location: News

City of Cape Town to host World Rugby’s WXV tournament

The City of Cape Town is playing host to the World Rugby’s WXV tournament where the Springbok Women will face off against five other nations. 

The Springbok Women will kick-off the tournament on Friday, 27 September, when they go up against Japan at the DHL Stadium. Kick-off will be at 4pm.

In a statement on Saturday, the city said the DHL and Athlone Stadiums will host the matches.

“The WXV 2 tournament is part of World Rugby’s annual women’s rugby competition. It consists of three rounds over three weeks. Hosts South Africa will be joined by Japan, Australia, Wales, Scotland and Italy for the competition,” said the city.

On Saturday, 28 September, DHL Stadium will host a clash between Australia and Wales at midday followed by the clash between Italy and Scotland at 3pm at the same venue.

‘For the second year running, Cape Town is hosting this marquee World Rugby tournament, and this is testament to the Mother City’s reputation of hosting successful events. We are opening up two of Cape Town’s iconic stadiums to be the battleground for these titans of global women’s rugby. 

‘We are extremely proud to be involved with a tournament that is aimed at growing the status of the women's game, while also providing these skilled athletes with a platform to showcase their talent. I would like to urge our residents and visitors to show support to the teams by purchasing a ticket for as little as R35,’ said Mayoral Committee Member for Safety and Security, JP Smith.

Round 2 of the games will take place in October with Wales facing Italy on 4October at the Athlone Stadium at 4pm and Japan versus Scotland on 5 October. The game will get underway at 2 pm.

South Africa will face Australia on 5 October at Athlone Stadium at 5pm.

Round 3 of the games will see Wales clash with Japan on 11 October at the Athlone Stadium at 4 pm.

South Africa will go against Italy at Athlone on 12 October at 2pm, followed by Australia versus Scotland on the same day at 5pm. The match will be played at Athlone Stadium.

A total of nine matches will be played between 27 September and 12 October 2024. 

Tickets for the matches are available at Ticketmaster. -SAnews.gov.za 
 

Neo
Mon, 09/23/2024 - 09:31

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Minister Gwarube in talks to enhance education sector 

Location: News

Minister Gwarube in talks to enhance education sector 

Basic Education Minister, Siviwe Gwarube, has held meetings with various international partners to reinforce South Africa's commitment to enhancing the education sector through global collaboration. 

In a statement, the Department of Basic Education (DBE) said these discussions which were held at the departmental offices in Pretoria, emphasised the critical role of international partnerships in advancing the country's educational objectives.

Minister Gwarube met with Andreas Schleicher, Organisation for Economic Cooperation and Development (OECD) Director for Education and Skills, to discuss the Joint Work Programme (JWP) between South Africa and the OECD. 

The JWP, aligned to South Africa’s National Development Plan (NDP), supports initiatives in early childhood education, career development and curriculum standards. 

“The meeting also covered South Africa’s participation in the 2024 Teaching and Learning International Survey (TALIS), which offers insights into teacher development and education trends. 

Additionally, the OECD offered support for South Africa’s Education Working Group during its G20 Presidency in 2025,” the department said.

In her meeting with UNICEF country representative, Christine Muhigana, Minister Gwarube discussed UNICEF’s collaboration with the DBE. 

Key focus areas included Early Childhood Development (ECD), quality basic education and adolescent development. 

“UNICEF has played a significant role in supporting South Africa’s efforts to improve ECD, boosting educational outcomes and empowering adolescents, particularly girls, in Science, Technology, Engineering and Mathematics (STEM). The partnership also aims to strengthen teaching practices and promote skills for the Fourth Industrial Revolution,” the department said. 

Minister Gwarube also met with the European Union (EU) Ambassador, Sandra Kramer, to discuss partnerships with South Africa particularly in the field of education. 

The EU has supported South Africa’s education sector through the General Budget Support (GBS) approach since 2009, aligning funding with national priorities. 

“This partnership has notably improved literacy, numeracy and technology education, especially in Grades 7 to 9. The Minister expressed her gratitude for the EU’s 30 years of support whilst highlighting the importance of continued collaboration,” the DBE said. 

The Minister also met with Japanese Ambassador, Ushio Shigeru and JICA Chief Representative, Kaoru Okada, to discuss the long-standing partnership between the DBE and the Japan International Cooperation Agency (JICA). 

“This collaboration, which commenced in 2012, focuses on improving Mathematics, Science and Technology (MST) education. The Minister sought an extension for JICA to finalise the National Mathematics Improvement Plan and acknowledged Japan’s assistance in rebuilding schools damaged by the 2021 floods in the KwaZulu-Natal Province,” the DBE said. 

The ongoing meetings have highlighted South Africa’s ongoing commitment to leveraging international partnerships to enhance its education system and address the needs of all learners in a rapidly changing world. – SAnews.gov.za

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Fri, 09/06/2024 - 12:31

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Cabinet commends Eskom’s performance

Location: News

Cabinet commends Eskom's performance

Cabinet has commended Eskom for not implementing load shedding for more than 150 days – including over the South African winter period.

Acting Minister in the Presidency, Maropene Ramokgopa, told a post-Cabinet media briefing on Thursday that stable electricity supply is imperative for economic growth in the country.

“Cabinet commends Eskom, its board, management and all its employees who have worked tirelessly to ensure that South Africa will have no load-shedding this summer as the power utility continues to add more electrons to the grid through its generation recovery plan.

“A reliable energy supply is vital for growing our economy, boosting confidence and enhancing the quality of life of our citizens.

“Government continues to execute the Energy Action Plan, which has been instrumental in reducing the frequency of load-shedding through planned maintenance of Eskom’s power-generation fleet. The reform of our energy sector is a critical component of our efforts to create a secure energy future for our people,” she said at the briefing held in Cape Town.

Staying on the reform agenda, Ramokgopa said President Cyril Ramaphosa has fulfilled his undertaking to “recalibrate” State Owned Enterprises (SOEs).

In that regard, she added, the responsibility for strategic SOEs have been “transferred to the various line ministries, after the President had signed the relevant proclamation to this effect”. 

“This step coincides with plans to create a centralised shareholder model through which the State seeks to better leverage the capabilities of our SOEs to grow the economy, improve service delivery, and infuse the SOEs with the requisite commercial and strategic agility.

“The responsibility for power utility Eskom has been transferred to the Ministry of Energy and Electricity and Transnet, South African Airways and South African Express to the Ministry of Transport.

“The state-owned diamond mining company Alexkor will be managed by the Ministry of Mineral and Petroleum Resources, aerospace and military technology conglomerate Denel will fall under the Ministry of Defence and Military Veterans while South African Forestry Company SOC Limited, which is responsible for state forestry, will report to the Ministry of Forestry, Fisheries and the Environment,” Ramokgopa said. 

SA avocados in Japan

On agricultural export matters, the first batch of South African avocados have arrived in Japan.
“[This marks] a significant boost for the local avocado sector, and demonstrates the positive impact of the Agriculture and Agro-processing Master Plan, which aims to expand access to key new markets for South African producers.

“South African avocado growers now stand to benefit significantly as efforts to increase market access for our agricultural produce continues. India, China and Japan represent a combined market opportunity of over 2.5 billion people,” Ramokgopa said. – SAnews.gov.za

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Thu, 09/05/2024 - 11:58

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SA-China State Visit to focus on strengthening economic relations

Location: News

SA-China State Visit to focus on strengthening economic relations

With China being South Africa’s largest trading partner, the upcoming State Visit to the People’s Republic of China by President Cyril Ramaphosa is expected to fortify the economic relationship between the two countries.

In 2023, South Africa’s bilateral trade reached $34 billion, with exports totalling $12 billion and imports at $22 billion. 

“China’s substantial contribution to our investment drive has made it the largest source of foreign direct investment for South Africa. We anticipate concluding several important agreements during this State Visit, including a Framework Agreement on Development Cooperation, addressing the trade balance, and expanding market access,” spokesperson for the Minister of International Relations and Cooperation, Chrispin Phiri, said on Monday in Pretoria.

WATCH | 

Phiri said these agreements will strengthen South Africa’s Comprehensive Strategic Partnership with China and elevate regional and multilateral cooperation to support global peace and security.

The President will travel of China from 2 - 5 September 2024 to further strengthen diplomatic and trade relations between the two countries.

“This visit is a testament to the robust relations between our two nations, built on mutual respect and benefit. It follows President Xi Jinping’s fourth State Visit to South Africa, further strengthening our ties.

“The primary focus of this visit will be to fortify our economic relationship. South Africa’s largest trading partner, China, has played a pivotal role in our economy. 

“Our relations with China are central to realising our developmental agenda and efforts to implement the National Development Plan. This visit provides an opportunity to review progress on existing trade and cooperation, and to expedite and finalise new areas of collaboration,” he said.

While in China, the President will lead the South African delegation to the Forum on China-Africa Cooperation (FOCAC) Summit in Beijing from 4 to 5 September 2024.

The Summit, themed, 'Joining Hands to Advance Modernisation and Build a High-Level China-Africa Community with a Shared Future', will further South Africa’s cooperation under the Belt-and-Road Initiative, the Global Development Initiative, the Global Security Initiative, and the Global Civilisation Initiative (“Three Initiatives”).

SA-Japan developments

Meanwhile, Minister of International Relations and Cooperation Ronald Lamola successfully concluded his working visit to Japan, which coincided with the Tokyo International Conference on African Development (TICAD) Ministerial Meeting on 24-25 August 2024 in Tokyo.

Launched in 1993, TICAD is the first international developmental partnership with Africa. It advocates for Africa’s development agenda and strengthens economic cooperation between Africa and Japan.

The Minister led South Africa’s delegation at the Ministerial Meeting, held under the theme, ‘Realising a Sustainable Future'.

The Government of Japan convened this significant gathering in collaboration with the United Nations Development Programme (UNDP), the Office of the Special Adviser on Africa (UNOSAA), the World Bank, and the African Union (AU) Commission.

“The Minister’s visit to Japan coincided with Toyota’s announcement of a strategic investment of R 1.2 billion in the South African automotive industry and our first consignment of avocados to Japan. This marks a significant moment for our agricultural sector in the East Asia market.  

“These important economic developments will go a long way to drive faster industrialisation, job creation, and transformation implementation. The Minister reiterated that South Africa enjoys a significant relationship with Japan, underpinned by a fair economic partnership that contributes significantly to our nation’s economic development and people-to-people relations,” Phiri said. - SAnews.gov.za

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Mon, 08/26/2024 - 15:07

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Minister Ronald Lamola Hails Economic Diplomacy Milestones in the South Africa-Japan Relations

Location: News

Republic of South Africa: Department of International Relations and Cooperation
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International Relations and Cooperation Minister, Ronald Lamola, is in Japan to attend the Tokyo International Conference on African Development (TICAD) Ministerial Meeting. Ahead of the opening ceremony of the TICAD Ministerial meeting, Minister Lamola had a business roundtable discussion with the Japan External Trade Organisation (JETRO) to further strengthen economic cooperation. Among other matters, the meeting noted two critical economic developments. Following successful diplomatic negotiations, an agreement between the two countries was signed earlier this year, establishing a protocol for the export of South African avocados to Japan. The first consignment arrived in Japan this week, coinciding with Minister Lamola's visit.

This significant milestone marks the beginning of a new market opening for South African avocados in the East. The agreed protocol requires a cold treatment of 2°C for 19 days. South African research has shown that Hass avocados can withstand this treatment, with successful shipments to the UK under the same regime.

South Africa's economic diplomacy efforts continue to yield results in 2024, as evidenced by breakthroughs for our avocado industry, with the opening of new big markets in Japan, China, and India.

Speaking to Toyota Executives attending the JETRO interaction, Minister Lamola acknowledged Toyota's announcement this week of a strategic investment of R 1.2 billion in the South African automotive industry, which is expected to drive faster implementation of industrialisation, job creation, and transformation.

Minister Lamola also had the opportunity to meet with his counterpart, the Minister of Foreign Affairs of Japan, Ms. Yōko Kamikawa. Minister Lamola reiterated that South Africa enjoys a significant relationship with Japan, underpinned by a fair economic partnership that contributes significantly to our nation's economic development and people-to-people relations.

Distributed by APO Group on behalf of Republic of South Africa: Department of International Relations and Cooperation.

Read moreMinister Ronald Lamola Hails Economic Diplomacy Milestones in the South Africa-Japan Relations

Japan-South Africa Foreign Ministers’ Working Dinner

Location: News

Ministry of Foreign Affairs of Japan
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On August 23, commencing at 7:00 p.m. for approximately 70 minutes, Ms. KAMIKAWA Yoko, Minister for Foreign Affairs of Japan held a working dinner with Honourable Mr. Ronald LAMOLA, Minister of International Relations and Cooperation of the Republic of South Africa. The overview is as follows.

  1. Introduction
    (1) At the outset, Minister Kamikawa congratulated Minister Lamola on the formation of South Africa's government of national unity and his appointment as Minister of International Relations and Cooperation and expressed her hope to work together on the challenges facing the international community with South Africa, an important partner with which Japan shares fundamental values and principles and has built up cooperation in a wide range of fields, and which will hold the G20 Presidency from December this year.
    (2) In response, Minister Lamola stated that he is pleased to visit Japan and expressed his gratitude for the opportunity of this TICAD Ministerial Meetingwhere we can hold various discussions and hoped to work together with Minister Kamikawa to further develop the friendly relations between the two countries.
  2. Bilateral Relations
    (1) Minister Kamikawa stated that South Africa is a hub for Japanese companies to do business in Africa and she would like to strengthen cooperation, particularly in the power and energy sectors, which form the basis of economic activity. Minister Kamikawa also introduced the installation of a system of the officials in charge of cross-border economic affairs who support initiatives by Japanese companies from the perspective of the importance of network building. In response, Minister Lamola expressed his gratitude for Japanese cooperation towards the decarbonization of South Africa, including technical cooperation, and expressed strong expectations for Japanese companies which are creating many jobs to further expand into South Africa. Minister Lamola also expressed his delight at the lifting of the ban on avocado export from South Africa to Japan and expressed his hope to promote high-level visits between two countries, utilizing the Japan-South Africa Partnership Forum.
    (2) Minister Kamikawa stated that it is indispensable to maintain and develop a free and open maritime order based on the rule of law as the countries that both face Indo-Pacific Ocean and stated her hope to explore areas where both countries can cooperate, such as freedom of navigation and the promotion of the blue economy. In response, Minister Lamola expressed his hope for the reinforcement of cooperation in Indo-Pacific Ocean, utilizing frameworks including the Indian Ocean Rim Association (IORA).
  3. Cooperation in the International Arena
    Minister Kamikawa stated that the G20 has a major role to play as the international community faces complex crises and development challenges become increasingly complicated and that she would welcome it that African voices will be reflected more than ever in the G20 chaired by South Africa, which will begin from December this year. In response, Minister Lamola stated that Africa's role in the international community has been increasing in recent years, including the AU's full membership of the G20, while explaining the areas of focus as the G20 Presidency. Two Ministers confirmed that the two countries would continue to work together looking ahead to the TICAD 9 and the G20 in South Africa scheduled in next year.
  4. In addition, the two ministers exchanged views on such issues as the United Nations Security Council reform, the situations in Ukraine and the Middle East, and the regional situation in East Asia, such as dealing with North Korea including the abductions issue.

Distributed by APO Group on behalf of Ministry of Foreign Affairs of Japan.

Read moreJapan-South Africa Foreign Ministers’ Working Dinner

Jo-Ane van Dyk earns Team SA’s sixth medal at Olympics

Location: News

Jo-Ane van Dyk earns Team SA’s sixth medal at Olympics

South African athlete Jo-Ane van Dyk has earned Team South Africa’s sixth medal at the 2024 Paris Olympics Games.

Van Dyk won a silver medal during the women's javelin on Saturday at the Stade de France, Paris, on Saturday night.

“At a packed Stade de France on the final night of track and field action at these Games, she produced a third effort of 63.93m, which highlighted the form she’d shown all week, and moved her up into the silver medal, behind Japan’s Haruka Kitaguchi, who had opened with a winning 65.80m.

“It was an emotional evening all round, because Van Dyk is coached by Terseus Liebenberg, who also guided Viljoen to the silver medal at Rio 2016,” the South African Sports Confederation and Olympic Committee (SASCOC) said.

Van Dyk had attended her first Olympics in Tokyo, and there she was eliminated in qualifying with a best of 57.69m. 

“Here, she is three years older, three years wiser and a different athlete entering the prime of her career. The South African’s first throw of 59.72m had been below par by her standards. She upped it by exactly two metres to 61.72m, which still wasn’t enough to get into medal contention on a stacked leaderboard. 

“However, her third throw was another two metres further and that 63.93m was to be 25cm better than bronze medallist Nikola Ogrodnikova, and 53cm better than the fourth-placed finisher, Sara Kolak,” SASCOC said.

Meanwhile, high jumper Brian Raats couldn’t better his first jump, where he cleared 2.17m, and ended up in 12th place, with the gold going to New Zealand’s Hamiush Kerr with 2.36m.

“Team SA’s men’s 4x400m took to the track having been reinstated into the final after the referee intervened on Friday following interference and a tumble in their heat. Gardeo Isaacs, in lane one, took the opening, which he covered in 45.67sec, leaving Zakhiti Nene at the back of a nine-country field.

“However, Nene again scorched around the track and has been Team SA’s best 400m athlete at these Games. He made up four places with a lap of 43.81. Lythe Pillay kept the momentum with a 43.97 run and at the changeover, South Africa were still fifth. And that’s where they stayed as Antonie Nortje finished off with a 44.67.

"With the United States winning gold in an Olympic record 2:54.43, South Africa’s quartet set a national record 2:58.12,” SASCOC said. - SAnews.gov.za

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Sun, 08/11/2024 - 11:20

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Team SA displays fortitude at Paris Olympics

Location: News

Team SA displays fortitude at Paris Olympics

Team South Africa has shown commendable fortitude at the 2024 Paris Olympics Games, having participated in five sporting codes on Saturday.

The team started with five medals but javelin thrower Jo-Ane van Dyk upped it to six with a brilliant effort of 63.93m. 

READ | Jo-Ane van Dyk earns Team SA’s sixth medal at Olympics

“Also in finals action at a packed Stade de France on Saturday night were high jumper Brian Raats and the men’s 4x400m relay squad.

“The men’s marathon saw Elroy Galant and Stephen Mokoka take to the Paris roads and hills. Galant finished a fine 11th overall, in 2hr 9min 7sec, while Mokoka crossed the line in 27th position, dipping under 2:11 by one second,” the South African Sports Confederation and Olympic Committee (SASCOC) said.

Canoeist Hamish Lovemore won his 1000m B-Final, which placed him 9th overall to end his Games on a high.

“Wrestler Nicholas de Lange was always going to be up against it in terms of his draw, and lost his match, while golfers Ashleigh Buhai and Paula Reto wrapped up four days at Le National Golf.

“China, with 38 golds, the United States (with 37), Australia (18), Japan (17) and France (15) took the lead in the medal standings. Team SA are 40th with one gold (Tatjana Smith), three silvers (Smith, men’s 4x100m and Van Dyk) and two bronzes (men’s Sevens rugby and Alan Hatherly),” SASCOC said.

Athletics

•    Men’s marathon: Elroy Galant finished 11th in 2hr 9min 7sec, some 2min 41sec behind the gold medallist, Tamarat Tola. The Ethiopian set an Olympic record in winning in 2:06:26. Stephen Mokoka was 27th, with a time of 2:10:59.
•    Men’s high jump, final: Brian Raats finished 12th with an opening height of 2.17m.
•    Women’s javelin, final: SILVER! Jo-Ane van Dyk threw a distance of 63.93m to take second. position.
•    Men’s 4x400m, final: Team SA finished 5th behind the United States in a national record 2:58.12.

Canoeing 

•    Men’s kayak single 1000m semi-finals: Hamish Lovemore finished 8th in 3:38.39 and qualified for the B-final.
•    Men’s kayak single 1000m B-Final: Lovemore won his race in 3:27.94, which would have placed him fourth in the A-final, and he took 9th place overall.

Cycling

•    Men’s keiren, first round heats: Jean Spies finished 6th in his heat and advanced to the repechage.
•    Men’s keiren, repechage: Jean Spies finished 5th in his heat and didn’t progress to the quarter-finals.

Golf  women’s individual, final round 

•    T13th 285 Ashleigh Buhai 68, 73, 74, 70 (3-under).
•    T44th 299 Paula Reto 78, 73, 76, 72 (11-over). 

- SAnews.gov.za
 

nosihle
Sun, 08/11/2024 - 11:43

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Nzimande to address the world’s largest astronomy meeting

Location: News

Nzimande to address the world’s largest astronomy meeting

Science, Technology and Innovation Minister, Professor Blade Nzimande, will give the opening address at the world’s largest astronomy meeting, the 32nd General Assembly of the International Astronomy Union (IAU). 

The two week-long meeting will kick off on Tuesday, 6 August, in Cape Town, South Africa.  

Hosted for the first time in Africa, the in-person and virtual global gathering of astronomers and other experts in the field will also provide open access for anyone to attend from anywhere in the world. 

According to the Department of Science and Innovation (DSI), world-renowned astronomers Dr Mae Jemison and Dr Sian Proctor will address the assembly.  

Jemison became the first female African American commercial astronaut and mission pilot to travel into space when she went into orbit aboard the National Administration and Space Administration’s (NASA) Space Shuttle Endeavour on 12 September 1992. 

Proctor is an astronaut and was the first female pilot of a commercial spaceship. 

The department said the two renowned experts will speak to over 2 000 astronomers from around the world at this event, which takes place at the Cape Town International Convention Centre. 

“The assembly is an opportunity for astronomers to address key topics in contemporary astronomy and assess the latest scientific progress in various specialised areas,” the statement read. 

This year’s General Assembly represents a significant milestone, highlighting Africa’s growing role in the global astronomical community and its potential for major contributions to astronomical research and development.  

Meanwhile, the Minister’s address will underscore the commitment to advance Africa’s astronomy and science on the global stage as well as highlight South Africa’s massive investments in skills and infrastructure development.

His speech will also touch on the geographical advantages of clear southern skies in the Karoo, its engineering and scientific base, and its growing international ranking and partnerships.  

“One highlight will be the opportunity for attendees to speak to the astronauts on board the International Space Station live from the conference venue via ham radio, in partnership with Amateur Radio on the International Space Station.” 

Other guests include the former director of the Square Kilometre Array (SKA), Dr Bernie Fanaroff, who will deliver a talk on ‘Innovating at the periphery: the development of SKA and MeerKAT’. 

The IAU General Assembly is held every three years and is led by the African Astronomical Society.  

Each event advances the astronomical sciences through international collaboration and celebrates Africa's rich astronomical heritage and commitment to advancing the field. 

The hybrid event is being hosted by the National Research Foundation, supported by the DSI.  

The academic programme will include over 2 000 presentations scheduled across more than 300 sessions. 

The General Assembly will include six symposia and 12 multi-session focus meetings. There will also be poster sessions and prize lectures given by recipients of prestigious awards in astronomy.  

According to the department, this meeting will have a societal impact that goes beyond national barriers in a continent-wide celebration of astrology. 

Exhibitors will include the South Africa Radio Astronomy Observatory (SARAO), the South African Astronomical Observatory, NASA, the European Space Agency and the National Astronomical Observatory of Japan, the US National Radio Astronomy Observatory, and several South African agencies. – SAnews.gov.za

 

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Mon, 08/05/2024 - 11:26

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Tatjana Smith a “shining example of humility with a killer competitive spirit”

Location: News

Tatjana Smith a "shining example of humility with a killer competitive spirit"

Minister of Sport, Arts and Culture Gayton McKenzie has congratulated South African swimmer Tatjana Smith for scooping the silver medal in the 200m breaststroke at the 2024 Paris Olympics.

Smith was beaten to the wall by 0.36sec by the American Kate Douglass at the La Défence Arena on Thursday evening.

“It was Smith’s second medal of the 2024 Paris Games, after taking the 100m gold, and a flip reversal of what she produced at her first Olympics in Tokyo on that occasion, taking silver in the 100m and gold in the longer, more favoured 200m. 

“In elevating herself to greatest-ever South African Olympian status, she joined Chad le Clos on four medals, but outweighs him by virtue of her two golds and two silvers.

“While Penny Heyns, in 1996, remains the last women’s breaststroker to do the double, Smith tied with Japan’s Kosuke Katajima as the only four-time breaststroke medallists in Olympic history, both men and women,” the South African Sports Confederation and Olympic Committee (SASCOC) said. 

The Minister said Smith’s achievements stand as an elegant example of the power of women in sport.

“Tatjana, as a nation we are bursting with pride tonight. You fought to the end and were beaten only in the turns by a classy American competitor, Kate Douglass. I applaud you for your warm smile and your honest congratulations for your gold-medal rival in the lane next to you. 

“Being able to stay gracious in victory and defeat is what the world will remember most about you, and it is a quality that defines most South Africans. You are a shining example of humility with a killer competitive spirit and undying will to win. May all our young people look up to your example and try to equal or surpass you in future,” McKenzie said.

The Minister said South Africa must continue to bring more women into all sports and support them to break every record. - SAnews.gov.za

nosihle
Fri, 08/02/2024 - 09:24

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Read moreTatjana Smith a “shining example of humility with a killer competitive spirit”

Afreximbank’s African Quality Assurance Centre receives international accreditation from South African National Accreditation System (SANAS)

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African Export-Import Bank's (Afreximbank) (www.Afreximbank.com) first African Quality Assurance Centre (AQAC), implemented in Ogun State, Nigeria, in partnership with Bureau Veritas (BV) has been awarded the ISO/IEC 17025:2017 accreditation by the South African National Accreditation System (SANAS), one of the key accreditation bodies in Africa responsible for carrying out conformity assessments as mandated under South Africa's Accreditation for Conformity Assessment, Calibration and Good Laboratory Practice Act (Act 19 of 2006).

ISO/IEC 17025 is the recognised international standard for testing and calibration laboratories and sets out requirements for the competence, impartiality and consistent operation of laboratories, ensuring the accuracy and reliability of testing and calibration results. The standard enhances the credibility of testing and calibration work by laboratories, by fostering trust among clients and regulatory authorities. Compliance with ISO/IEC 17025 demonstrates a laboratory's commitment to quality, technical proficiency and scientific rigour.

Commenting on the accreditation, Ms. Oluranti Doherty, Managing Director Export Development at Afreximbank said that the accreditation served to validate AQAC's capabilities and expertise and would provide new opportunities to expand the centre's reach.

“By aligning its practices with international standards and best practices, AQAC is well-positioned to attract new clients, foster partnerships with industry stakeholders, and contribute to the advancement of quality assurance practices in Africa,” said Ms. Doherty.

“The impact of this accreditation extends beyond the laboratory as it also contributes to the overall advancement of quality assurance practices in Nigeria. By demonstrating compliance with international standards and best practices, AQAC will help in reducing the rejection rates for Nigerian and African exports,” she said, mentioning that the Bank has committed up to US$100 million to support the development of new AQACs across the continent, with projects being considered in Benin, Chad, Gabon, Kenya and Tanzania.

Jean-Michel Perret, Managing Director, Bureau Veritas Nigeria said, “We are incredibly proud to have achieved the ISO 17025 accreditation for the African Quality Assurance Centre. This milestone reflects our steadfast commitment to providing the highest standards of testing and inspection services. It also demonstrates our dedication to supporting Nigeria's AgroFood industry in meeting international quality benchmarks, thereby facilitating greater access to global markets for ‘Made in Africa' products.”

The accreditation by SANAS amplifies AQAC's ability to offer internationally accredited services for food and agri products and paves the way for a more reliable and robust testing environment in Africa.

SANAS is a signatory to the International Accreditation Forum which gives it world-wide recognition as a competent body for carrying out independent evaluation of certification bodies against recognized standards. It is also a signatory to the International Laboratory Accreditation Cooperation Mutual Recognition Arrangements, the African Accreditation Cooperation Mutual Recognition Arrangements and the SADCA Mutual Recognition Arrangements, for specific scopes.

Distributed by APO Group on behalf of Afreximbank.

Afreximbank Media Contact:
Vincent Musumba
Manager
Communication and Events (Media Relations)
Email: press@afreximbank.com

Bureau Veritas Media Contact:
Selin Dincer Cinar
+905 308 61 59 94
Email: selin.dincer-cinar@bureauveritas.com   

Seseselelo Matlapeng
+27 (0)78 451 5331
Email: seseselelo.matlapeng@bureauveritas.com  

About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa's trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2023, Afreximbank's total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody's (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, "the Group"). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

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Read moreAfreximbank’s African Quality Assurance Centre receives international accreditation from South African National Accreditation System (SANAS)

World Bank Group Executive Directors note progress and re-affirm support to South Africa and Namibia

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A delegation of the World Bank Group's (WBG) Board of Executive Directors (EDs) noted South Africa's and Namibia's progress in achieving their development goals and re-affirmed World Bank Group's commitment to providing support. The 11 EDs and Alternate EDs were hosted by the World Bank and International Finance Corporation (IFC) country offices during their recent visit on July 7-13.

The visit provided a platform to assess progress with projects and engage on the evolution of the World Bank Group's relationship with the countries, from a knowledge-focused to a broader knowledge and financing partnership. EDs met government and business leaders, local stakeholders, and project beneficiaries, and experienced first-hand how the countries manage development priorities and challenges. South Africa and Namibia have common challenges, including poverty, unemployment, and inequality. Throughout the visit, the delegation discussed the ongoing and future support from the World Bank Group to boost inclusive economic growth and job creation.

In South Africa, over the past three years the country has shifted from being a non-borrowing client to borrowing over $1 billion per year from the World Bank. South Africa also constitutes the largest IFC portfolio in Africa and the Multilateral Investment Guarantee Agency's (MIGA) second largest on the continent.

In Namibia, the World Bank Group is preparing a new Country Partnership Framework (CPF) with the government that will strategically guide its support as the engagement continues to grow. The World Bank recently approved a $138.5 million renewable energy and transmission loan to NamPower, after 15 years without borrowing.

Key highlights of the visit included:

  • In South Africa, the delegation met with the Minister of Finance Honorable Enoch Godongwana, and the Minister of Electricity and Energy Honorable Kgosientsho Ramokgopa. EDs visited two IFC clients and two World Bank projects which showcased support for key government priorities and demonstrated how these projects link to global issues and corporate initiatives such as the just energy transition, health, urban development, and subnational government engagement. The delegation toured and engaged with stakeholders at the Komati power station – the site of the Eskom Just Energy Transition Project; the Addo Elephant Park that houses the innovative Wildlife Conservation Bond; and the IFC-supported Trust for Urban Housing Finance and BioVac Institute that manufactures vaccines locally.
  • In Namibia, the delegation met with Minister of Finance and Public Enterprises Honorable Ipumbu Shiimi and key stakeholders, including development partners and the private sector.  The delegation visited informal settlements near Windhoek to gain insights on housing related issues, a sector where IFC is investing and which the government has identified as a priority for World Bank Group engagement.

Matteo Bugamelli, the World Bank's Executive Director who represents the constituency of countries including Albania, Greece, Italy, Malta, Portugal, San Marino, and Timor-Leste, expressed optimism about the countries' progress. He emphasized the World Bank Group's commitment to helping South Africa and Namibia address unemployment and inequality challenges. He particularly welcomed the increased financing to support the implementation of much needed reforms.

About the World Bank Group's Board of Directors: The Board of Executive Directors is responsible for the conduct of the general operations of the Bank, making decisions on loans, credits, grants, policies, and financial matters. The Board consists of 25 members who represent the 189 member countries, providing guidance for the institution's development activities.

Visiting Board Officials: The delegation included Mr. Abdulaziz E A Almulla (Executive Director for Bahrain, Arab Republic of Egypt, Jordan, Iraq, Kuwait, Lebanon, Maldives, Oman, Qatar, United Arab Emirates, West Bank and Gaza, and Republic of Yemen); Mr. Matteo Bugamelli (Executive Director for Albania, Greece, Italy, Malta, Portugal, San Marino, and Timor-Leste); Ms. Ayanda Dlodlo (Executive Director Angola, Nigeria, South Africa); Mr. Floribert Ngaruko (Executive Director for Botswana, Burundi, Eritrea, Eswatini, Ethiopia, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Rwanda, Seychelles, Sierra Leone, Somalia, South Sudan, Sudan, Tanzania, Uganda, Zambia and Zimbabwe); Ms. Katharine Rechico (Executive Director for Antigua & Barbuda, The Bahamas, Barbados, Belize, Canada, Dominica, Grenada, Guyana, Ireland, Jamaica, St. Lucia, St. Kitts & Nevis and St. Vincent & the Grenadines); and Mr. Tauqir Shah (Executive Director for Afghanistan, Algeria, Ghana, Islamic Republic of Iran, Morocco, Pakistan, and Tunisia.

Visiting Alternate Executive Directors:  Mr. Louis Albisson (Alternate Executive Director for France); Mr. Felice Gorordo (Alternate Executive Director for the United States), Mr. Koji Uemura (Alternate Executive Director for Japan); Ms. Kerstin Sumana Wijeyewardene (Alternate Executive Director for Asia and the Pacific Constituency) and Mr. Weifeng Yang (Alternate Executive Director for China).

Included in the delegation was Ms. Mercy Tembon, World Bank Vice President and Corporate Secretary.

Distributed by APO Group on behalf of The World Bank Group.

Read moreWorld Bank Group Executive Directors note progress and re-affirm support to South Africa and Namibia

South Africa: African Development Bank approves R18.85 Billion ($1 billion) corporate loan for Transnet’s business recovery plan

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African Development Bank Group (AfDB)

The African Development Bank Group (www.AfDB.org) has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa's major freight transport and logistics company, for its recovery and growth plans.

The 25-year loan approved by the Bank Group's Board of Directors on Friday, 12 July 2024, is fully guaranteed by the government of South Africa. It will facilitate the first phase of the company's ZAR 152.8 billion ($8.1 billion) five-year capital investment plan to improve its existing capacity ahead of expansion for the priority segments throughout the transport value chain.

Transnet has faced operational challenges mainly in the critical rail and port businesses resulting from underinvestment in infrastructure and equipment, theft and vandalism, and external shocks such as floods and the effects of the COVID19 pandemic.

The company is committed to addressing past challenges, fostering integrity, and enhancing efficiency within the organization. It has made progress in some key areas including reforms in governance procurement and financial management.

The recovery plan, launched in October 2023, seeks to rehabilitate the infrastructure and accelerate the relaunch of operations over 18 months, focusing on restoring operational performance and freight volumes to meet customer demands.

Following the approval, African Development Bank's Vice President for Private Sector, Infrastructure and Industrialisation Solomon Quaynor, emphasized the significance of this support: “Transnet, the custodian of South Africa's critical transport and logistics infrastructure, plays an indispensable role in the economy of the country, ensuring a competitive freight system and serving as a gateway to the SADC region.”

He added: “Our partnership will enable Transnet to execute a comprehensive Recovery Plan (RP), addressing operational inefficiencies, particularly in rail and port sectors. It is aligned with South Africa's strategic 'Roadmap for Freight Logistics System,' and overseen by the National Logistics Crisis Committee, chaired at the Presidency level. This initiative signifies our commitment to enhancing national logistics capabilities and driving sustainable economic growth.”

Transnet has been a client of the African Development Bank since 2010. The company employs more than 50,000 people and plays a critical role in integrating and connecting South Africa with the global economy. The company's freight system's activities contribute significantly to South Africa's economy. Its operations serve as key gateways for trade within South Africa and with landlocked countries in the region, such as Botswana, Zambia, Zimbabwe, and the Democratic Republic of Congo through the Port of Durban.

Reacting to the approval, Michelle Phillips, Group Chief Executive of Transnet said: “We appreciate the support demonstrated by the African Development Bank, the loan extended by the bank will make a significant contribution to Transnet's capital investment plan to stabilise and improve the rail network and to contribute to the broader South African economy. The accompanying grant funding to the loan will also greatly assist Transnet with to its energy efficiency efforts and with Infrastructure Project Preparation initiatives.”

The Board commended the Government of South Africa for its vision and commitment to reforms in Transnet as well as the country's entire transport and logistics sectors. It also applauded Transnet for progress made in rolling out its compliance and governance improvement programme as well as its decarbonization and energy efficiency plans in line with its Net Zero Emission Strategy and Green Freight Strategy.

In addition to the corporate loan, the African Development Bank is contemplating two targeted grants, including $750,000 in technical support from the Sustainable Energy Fund for Africa (SEFA) – a multi-donor fund administered by the Bank – to improve energy efficiency and associated measures, in line with Transnet's net zero plan. The second grant funding comprises $1 million from the Infrastructure Project Preparation Facility of the New Partnership for Africa's Development (IPPF-NEPAD), for technical assistance to help accelerate railway reforms and address structural and regulatory inefficiencies.

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

Media contacts
African Development Bank:
Romaric Ollo Hien
Communications Department
African Development Bank
media@afdb.org

Transnet:
Ayanda Shezi
GM Group Corporate Affairs
email:  ayanda.shezi@transnet.net/mediadesk@transnet.net. 

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

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Read moreSouth Africa: African Development Bank approves R18.85 Billion ($1 billion) corporate loan for Transnet’s business recovery plan

Tennis superstar Kgothatso Montjane inspires hope

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Tennis superstar Kgothatso Montjane inspires hope

Limpopo Premier, Dr Phophi Ramathuba, has extended her congratulations to Kgothatso Montjane and her playing partner, Yui Kamiji from Japan, on their remarkable victory at the Wimbledon Ladies' Wheelchair Doubles in London. 

The dynamic duo triumphed over the formidable Dutch pair, Diede De Groot and Aniek van Koot, with a decisive 6-4, 6-4 win. This outstanding achievement marks Montjane's third overall doubles Grand Slam title and her first Wimbledon title.

READ | President Ramaphosa congratulates tennis star Kgothatso Montjane

“At 36 years old, Montjane is a true daughter of the soil, hailing from Seshego, on the outskirts of Polokwane,” said Ramathuba.

Montjane is currently ranked Number 1 in South Africa in the women's disabled division, and has earned numerous accolades both locally and internationally, solidifying her status as an inspiring sports icon.

"We extend our congratulations and overwhelming joy on your remarkable achievement of winning the Ladies' Doubles Wheelchair Wimbledon title. Your hard work, perseverance, and dedication have paid off, showcasing your exceptional talent and skill. 

“You have made us all proud. We hope this achievement will inspire other young girls, especially from our rural areas, to believe that the sky is the limit.

“Montjane's success serves as a beacon of hope and inspiration for aspiring athletes, demonstrating that with determination and resilience, anything is possible," said Ramathuba. – SAnews.gov.za

Matona
Mon, 07/15/2024 - 11:10

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Read moreTennis superstar Kgothatso Montjane inspires hope