African Penguins Now Officially “Critically Endangered”
The bird is facing rapid population decline from competition with commercial fisheries and climate-mediated shifts in prey populations
The bird is facing rapid population decline from competition with commercial fisheries and climate-mediated shifts in prey populations
SA prepares for UNFCCC COP29
As South Africa prepares to participate in the UN Climate Change Conference (UNFCCC COP29), government has indicated that it will advocate for climate finance for developing nations, adaptation and international cooperation.
Addressing the national stakeholder consultation session on Monday in Johannesburg, Minister of Forestry, Fisheries and the Environment, Dr Dion George, said there is a pressing need for large-scale financial support to enable developing economy nations to meet their climate targets and progress toward sustainable, low-carbon development.
“The current financing mechanisms have proven insufficient in scale and effectiveness, highlighting the urgency for a new financing model. COP29 presents an opportunity to advocate for innovative and improved financial frameworks that can mobilise substantial resources more efficiently.
“Such a model must ensure predictable, accessible and adequate funding, and address the shortcomings of existing systems and empowering countries like South Africa to implement ambitious climate actions.
“It is furthermore crucial that COP29 accelerates the application of financial, technical and capacity-building resources that will enable developing countries to meet the conditional targets outlined in their NDCs [Nationally Determined Contributions] and National Adaptation Plans (NAPs),” the Minister said.
These resources are instrumental in the efforts of developing economies' capabilities to mitigate climate risks, enhance resilience and pursue inclusive, sustainable development.
“The new collective quantified goal on finance must provide a clear and ambitious quantification of the financial support needed by developing economy countries to implement their climate commitments and development plans — including NDCs, NAPs, low-emission development strategies, and other relevant policy frameworks, as well as key multilateral goals endorsed since Glasgow,” the Minister said.
He said this goal should also reflect inclusive just transition pathways, aligned with each country's nationally determined socio-economic development priorities.
“Access to finance must be significantly scaled up to offer new additional and predictable funding that is fit for purpose. Specifically, we need grants and highly concessional financing that can be effectively allocated to create enabling environments for rapid investments.
“By de-risking investments and creating new asset classes for clean technologies, we can unlock and leverage greater amounts of public and private finance,” the Minister said.
The UNFCCC COP 29 will convene from 11 - 22 November 2024 in Baku, Azerbaijan.
COP29 will in addition aim to resolve outstanding issues under Article 6 of the Paris Agreement.
“Finalising the operational details of both market-based and non-market-based mechanisms will be crucial. These cooperative frameworks are vital not only for reducing emissions globally, but also for fostering international collaboration that can spur innovation and help developing economy countries achieve their climate objectives.
“By establishing transparent and robust mechanisms under Article 6, we can enable countries to work together more effectively,” the Minister said.
This cooperation will facilitate technology transfer, attract additional finance, and support sustainable development initiatives.
“For South Africa and other developing nations, resolving these issues is essential to unlocking new opportunities for climate action, enhancing our capacities and accelerating progress toward our NDCs,” the Minister said. - SAnews.gov.za
nosihle
Mon, 10/28/2024 - 11:16
Government and industry’s efforts to control animal disease spread must be lauded
By Wandile Sihlobo
The past three years have been challenging for South Africa's livestock and poultry industry because of the spread of animal diseases. Throughout this period, we have had various cases of foot and mouth (FMD) disease in cattle, African swine fever in pigs, and avian influenza in poultry. While animal disease outbreaks are not unique to South Africa and indeed common across the world, South Africa's challenges have intensified in the recent past.
In 2022, six of South Africa's nine provinces reported foot and mouth disease outbreaks. This was the first time in the country's history that the disease had spread this wide. The challenging place the country found itself in prompted the government and industry stakeholders to increase their focus on strengthening farm biosecurity controls and surveillance.
Other interventions that are still underway include efforts to improve South Africa's veterinary and related support services (mainly the laboratories) that deal with vaccine production needs.
The cost of diseases in the livestock industry is not only felt through loss of livestock, but also through reduced exports to the world market in times of outbreaks. For example, South Africa's beef exports volume for 2022 was down by 16% year-on-year to 26 881 tonnes, according to data from Trade Map. This decline was primarily due to the temporary closures of various export markets following the outbreak of FMD disease in South Africa.
Furthermore, the sheep industry was also affected by the 2022 outbreak. China, a significant market for South African wool, suspended imports. The impact of those temporary closures is visible on export volumes of wool. For example, in 2022, South Africa's wool exports fell by 19% year-on-year to 42 239 tonnes. The major decline in volume was in the Chinese market.
Livestock and poultry account for roughly half of agriculture's gross value added. Moreover, livestock also significantly contributes to the inclusion of black farmers in commercial agricultural production. For example, the National Agricultural Marketing Council estimates suggest that black farmers account for 18%, 13% and 34% of wool, mohair and cattle production, respectively.
Therefore, the prevalence of animal disease outbreaks in the past few years slowed South Africa's commercial agriculture, export ambition and transformation in the industry.
In 2023, as the government and industry continued with its work to control the spread of animal diseases, we saw a slight recovery in beef and wool exports. For example, South Africa's beef exports recovered slightly in 2023, up 3% year-on-year to 27 675 tonnes.
For wool, the engagements between the South African and Chinese authorities to reassure the Chinese traders of the safety measures in place to ensure that there is no spread of disease led to the resumption of exports. In 2023, South Africa's wool exports recovered 18% year-on-year to 49 715 tonnes.
On 25 October 2024, the Department of Agriculture released even more positive news, which we believe will further support the recovery path of the industry. The department announced that the "foot and mouth disease outbreak, occurred during 2021-2022, has been successfully resolved in the North West, Free State, Gauteng, and Mpumalanga provinces. These provinces, initially impacted by the outbreak, have now completed comprehensive testing of animals on quarantined farms. The results indicate that the foot and mouth disease virus is no longer present”.
The department added that "the World Organisation for Animal Health has confirmed that the outbreak in these regions has officially been closed. However, it is important to note that the KwaZulu-Natal and Eastern Cape provinces remain affected by foot and mouth disease outbreaks. Encouragingly, no new signs of the disease have been reported in these two provinces over the past month”.
This is admirable progress and further supports South Africa's ambition of being a global player in red meat exports. The successful path to the export markets involves addressing the biosecurity challenges. Continuous efforts must be made to address the remaining challenges in the Eastern Cape and KwaZulu-Natal.
In addition, the South African government must work collaboratively with the private sector to revive the efficiency of the Agricultural Research Council and the Onderstepoort Biological Products, which are key for vaccine production and various livestock disease management matters.
*Wandile Sihlobo is the chief economist at the Agricultural Business Chamber of SA (Agbiz) and a senior fellow in Stellenbosch University's Department of Agricultural Economics.
Janine
Sun, 10/27/2024 - 18:58
Four provinces declared free from Foot and Mouth Disease outbreaks
The Department of Agriculture has announced that the Foot and Mouth Disease (FMD) outbreak, which occurred during 2021-2022, has been successfully resolved in the North West, Free State, Gauteng and Mpumalanga provinces.
These provinces, which were initially impacted by the outbreak, have now completed comprehensive testing of animals on quarantined farms.
The results indicate that the FMD virus is no longer present.
The World Organisation for Animal Health has confirmed that the outbreak in these regions has officially been closed.
However, the department said, it is important to note that the KwaZulu-Natal and Eastern Cape provinces remain affected by FMD outbreaks.
“Encouragingly, no new signs of the disease have been reported in these two provinces over the past month,” the department said.
The Minister of Agriculture, John Steenhuisen, has extended his gratitude to all stakeholders for adhering to control measures, which helped prevent the further spread of the disease.
“The cooperative efforts of all role players have been instrumental in managing this outbreak and safeguarding the country's livestock industry,” the Department of Agriculture said in a statement.
FMD in the Eastern Cape
In the Humansdorp area, 37 farms have now been confirmed positive for FMD, while a further 38 farms were pre-emptively vaccinated to prevent further spreading of the disease.
Since the onset of the outbreak, approximately 130 000 animals have been vaccinated across the province.
Farms that are either infected or vaccinated remain under quarantine, with animal movements restricted. Movement from these farms is only permitted for direct slaughter, with State Veterinary approval.
Farm owners are required to enforce strict biosecurity measures to prevent the disease from spreading through animals, vehicles, equipment or people.
On 26 July 2024, the department declared an FMD Disease Management Area (DMA), covering parts of the Kouga and Kou-Kamma Municipalities. Animal movements into, through, within or out of this area are strictly controlled and require State Veterinary permission.
Farms within the DMA must be inspected, tested and declared free of the disease before any animals are allowed to move.
Four affected farms located on the borders of the DMA were placed under quarantine and as a result, pose no risk of cattle movement. Surveillance around these farms has been concluded, and no further spread has been detected outside the DMA.
“The department is actively collaborating with law enforcement and Agri-Eastern Cape to investigate reports of illegal animal movements. Those found in breach of quarantine or DMA restrictions will face legal consequences.
"The public is urged to report any information regarding illegal movements or breaches of biosecurity,” the department said.
In East London, the FMD outbreak has been successfully contained. The department has extended its gratitude to the affected farmers in the area for their vigilance and cooperation.
Animals on these farms are being slaughtered in a controlled manner at designated abattoirs, ensuring that FMD risk materials are properly processed or disposed of.
Only safe products are released into the local market. While meat from FMD-restricted farms cannot be exported due to certification limitations, it remains safe for human consumption.
The Director of Animal Health has designated three abattoirs to handle the slaughter of cloven-hoofed animals from FMD-quarantined farms. Seventeen farms have been granted permission for controlled slaughter at these abattoirs.
Ahead of the festive season, the department has urged holidaymakers visiting the affected areas to be mindful of the biosecurity measures in place.
“Please avoid entering affected farms, which remain under quarantine. No live animals or animal products are permitted to move off these farms,” it said.
In addition to the control measures within the DMA in the Eastern Cape, the July 2024 Gazette Notice stipulates that cloven-hoofed livestock across South Africa may only be moved if accompanied by a health declaration from the owner, attesting to the animals' health at the time of movement.
While this has been a legal requirement since October 2022, its importance is being reiterated to prevent the further spread of FMD.
The department has advised all livestock farmers nationwide to limit animal movement as much as possible. Cloven-hoofed animals should not be moved unless absolutely necessary.
“Limiting movement provides an opportunity to identify and quarantine further undetected, affected properties, thus preventing any further spread of the disease.
“The significance of the incubation period for FMD cannot be overstated. During this period, animals may appear healthy while shedding the virus and not yet displaying clinical signs of the disease.
“Farmers are again urged to observe stringent biosecurity measures on their farms to protect their herds from infection. Section 11 of the Animal Diseases Act imposes a legal duty on animal owners or managers to take all reasonable steps to prevent their animals from becoming infected and to prevent the spread of any disease from their animals or land to others,” the department said.
Biosecurity measures include:
Any suspicious clinical symptoms, such as salivation, blisters in the mouth, limping or hoof lesions should be reported immediately to the local State Veterinarian and such animals must not be moved under any circumstances. – SAnews.gov.za
Edwin
Fri, 10/25/2024 - 13:40
The African Energy Week (AEW): Invest in African Energy conference returns for its 2024 edition from November 4-8 in Cape Town. Under a mandate to make energy poverty history by 2030, the event unites the entire value chain to forge a path towards an industrialized, electrified and sustainable energy future. This year's partners underscore both the high-level support the event has garnered as well as the caliber of AEW: Invest in African Energy as a premier platform to sign deals and foster engagement.
Hosted at the Cape Town International Convention Center, this year's event unites the entire industry from African governments and energy regulators to private project developers and technology providers to financiers and media under the theme Energy Growth Through an Enabling Environment. This year's Host Government Partner is South Africa's Department of Mineral Resources and Energy while the event's Official Partners are the African Petroleum Producers Organization and the African Export-Import Bank.
AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.
AEW: Invest in African Energy offers a strategic platform for the industry to unite, foster partnerships and drive projects forward. Featuring a multi-track program, a high-level exhibition, a series of networking functions and technical workshops, the 2024 edition addresses the challenges and opportunities across the African energy market. The event's Strategic Partners will facilitate engagement and meetings. Strategic Partners include Roscongress; Energeo Alliance; the Petroleum Directorate of Sierra Leone; and the International Association of Oil & Gas Producers.
This year's event offers an expanded program, with sessions covering the entire value chain and associated sectors. To drive discussions and deals across the respective industries, specialized partners have joined the event. The event's Technical Partner is S&P Global Commodity Insights; Intelligence Partner is Rystad Energy; and Knowledge Partner is Wood Mackenzie. These partners will support knowledge-sharing while generating in-depth insights into the trends of the industry.
Additionally, as the African energy sector grows, the AEW: Invest in African Energy partners aim to support project development and investment across various segments of the value chain. The event's Energy Logistics Partner is Africa Global Logistics; Energy Efficiency Partner is the South African National Energy Development Institute; Legal Partner is CLG; and Geophysical Partner is TGS. Moreover, as the continent advances a just energy transition, the AEW: Invest in African Energy partners will support sustainable projects and collaborative in the clean energy sector. The event's Clean Energy Partner is Oando Clean Energy and Sustainable Energy Partner is TotalEnergies – both of which support a just transition in Africa.
Amid the growth of the energy sector, the industry is working closely with associations to ensure everyone benefits from industry expansion. AEW: Invest in African Energy promotes the increased participation of women and youth, strengthened local content and business support as well as investments in STEM-related programs. The event's partners align with this objective. AEW: Invest in African Energy's Local Content Partner is the Nigerian Content Development and Monitoring Board; Youth in Energy Partner is ExxonMobil; while the Women in Energy Partner is African Women Business Energy Network.
The AEW: Invest in African Energy 2024 Partners support dialogue and deals across various segments of the African and global value chain. Their partnership underscores a commitment to driving projects and engagement forward in the industry and will open new doors for collaboration and B2B networking. This year's Partners include World Nuclear Association; the African Green Hydrogen Alliance; AFSIA; AECIPA; Africa Energy Partners; the Nigerian Association of Petroleum Explorationists; World Liquid Gas Association; and OGTAN.
Meanwhile, offering discounted rates for delegates flying to Cape Town, the AEW: Invest in African Energy Airlines Partners support participation at this year's conference. Airline Partners include South Africa Airways; Ethiopian Airways; Lufthansa Group Airlines; and AirFrance. For more information on discounted rates, visit https://apo-opa.co/3YlFFbD.
“AEW: Invest in African Energy's strong partner lineup showcases a commitment by industry leaders to drive investment and development in African energy. Over the years AEW: Invest in African Energy has grown to become one of the biggest energy events in Africa, and with its partner, this year's conference promises to be even bigger and better than before,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.
For more information about the AEW: Invest in African Energy partners, sponsors and speakers, visit www.AECWeek.com.
Distributed by APO Group on behalf of African Energy Chamber.
Have a sip of butternut coffee
By More Matshediso
A Bloemfontein-based entrepreneur, who established a healthy alternative to coffee, is revolutionising the agro-processing industry through her thriving business.
Chantelle de Bruyn (34) is the owner of Buttercup Farmhouse, a business that she registered in 2019 with initial plans to manufacture vegetable spices.
The business is currently selling its signature Cucurbita Latte (vegetable coffee made from butternut) and has plans to expand to produce supplement shakes, snack bars, vegetable ice cream, and a tea range.
She is equipped with product development skills acquired through a food science course she completed through the United States (US) Embassy and Consulates in South Africa.
She also completed the Raymond Ackerman Academy of Entrepreneurial Development Programme at the Johannesburg Business School.
“This skill has been instrumental in creating innovation and ensuring that the taste and health benefits of our products align with what our customers need through the value chain,” she explained.
De Bruyn has also partnered with the University of the Free State, which is assisting her with research and product development for her products.
The business currently employs 11 workers, including four permanent and seven part-time employees. It hopes to create more job opportunities as it expands its product offering.
“Currently, you can buy the products at Food Lovers Market stores in the Western Cape, Centurion in Gauteng, and Ballito in KwaZulu-Natal. Online orders will be available in November,” she said.
She has plans to reach global consumers and said the business has received support from the Free State Provincial Government since its inception and received a R50 000 Grant from the National Development Agency (NYDA) to purchase its first equipment.
The Department of Economic, Small Business Development, Tourism and Environmental Affairs has also assisted the business to purchase additional equipment and allowed it to participate in various trade shows.
She added that it also receives support from global investors including interest from the African Women in Trade Group in Germany, who are exploring the opportunity to distribute the products in the United Kingdom and in the US.
Achievements
Buttercup Farmhouse already has a few accolades under its belt. In 2022, it received an award for being the Top Youth Agro Processor from the National Department of Agriculture, Land Reform and Rural Development.
In the same year, De Bruyn was crowned the best agro developer and most innovative business through the Cwena awards.
The business was also the Overall Winner in Business of the Year by Action Coach for 2021/2022.
Buttercup also won a business plan competition with the American Women Academy with its U.S. Agency for International Development and, sponsored by the US Embassy in 2021, won the Standard Bank Top Women Top 5 Award in 2022, and the Most Innovative Business Award through the South African Awards in 2023.
She was also the runner-up in the Forty over 40 Awards in 2022 and won second place in the Seeds of Change competition in 2023.
“We have also gained recognition from the Summer Fancy Food Show in New York in 2023,” she explained.
Farming background
De Bruyn is also a small-scale farmer who specialises in crop production.
“I have always loved farming, and it’s a vital part of my business. I started farming in 2015 when the Agri-Parks were established in the Free State and I served on the executive committee where I represented youth in agriculture.
“Today we grow crops like butternut that are essential to our vegetable coffee production and have partnered with external farmers to help us grow our butternuts, farming allows us to maintain high-quality ingredients for our products,” she explained.
For more information visit www.buttercupfarmhouse.co.za; or the NYDA:www.nyda.gov.za or call 087 158 6345/5738 or email: info@nyda.gov.za.
*This article first appeared in Vuk’uzenzele
Janine
Fri, 10/25/2024 - 10:32
Designation research studies underway to strengthen local production and content
Designation research studies are underway to strengthen the role of local production and content in the South African public procurement system, says Chief Director of Industrial Procurement and Development at the Department of Trade, Industry and Competition (the dtic).
Makube on Tuesday made a presentation at the 11th Manufacturing Indaba Conference and Exhibition in Johannesburg.
The Manufacturing Indaba is an annual event in South Africa that brings together key stakeholders from the manufacturing sector, including business leaders, government representatives, investors, and industry experts.
Its purpose is to foster growth, collaboration and innovation in the manufacturing industry, providing a platform for discussion on challenges, opportunities and policy frameworks.
The event aims to enhance industrialisation, drive economic growth and promote sustainable practices in manufacturing across the continent.
Makube’s presentation, which focused on “Localisation in the Public Procurement System”, highlighted key areas where policy adjustments could better support South Africa's economic growth, emphasising the strategic importance of localisation in stimulating the local economy by leveraging public sector expenditure.
He provided a comprehensive analysis of the current economic landscape, underscoring the importance of targeted interventions to drive growth.
"It is crucial that we intervene strategically in the economy by being deliberate about our procurement and purchasing choices. This requires rigorous economic analysis.
"While South Africa faces challenges in achieving the growth rates outlined in the National Development Plan, efforts to strengthen the localisation framework are essential.
“We need to address structural challenges in our economy, such as the declining manufacturing value addition to gross domestic product (GDP), high unemployment rates and scaling up export growth that will ensure sustainable economic development,” Makube said.
He emphasised the potential for localisation to drive economic multipliers, such as job creation and industrial development through strategic procurement.
Local production, particularly in sectors like manufacturing, can significantly enhance South Africa’s economic resilience.
“Manufacturing has historically been a key contributor to the GDP product, and we need to revive its role by focusing on sectors where we have a competitive advantage.
“Public procurement serves as a powerful tool to achieve this by prioritising South African-made goods and services. Such measures would help address issues related to South Africa’s reliance on imports and support government's broader economic transformation agenda,” Makube said.
Looking ahead, Makube highlighted the dtic's commitment to fostering a fair, transparent and competitive public procurement environment that benefits local producers and suppliers. He noted that recent legislative developments, such as the development of the Public Procurement Act, offer new opportunities for supporting local industries.
“Our goal is to ensure that procurement processes not only meet constitutional requirements but also contribute to building a stronger local economy.
“By enhancing transparency and competitiveness, we can create a more inclusive market that benefits all South Africans, especially those previously excluded from economic participation,” Makube said. – SAnews.gov.za
Edwin
Wed, 10/23/2024 - 13:51
Television is in the midst of its latest game-changing technology shift – this time from the traditional linear, direct-to-home (DTH) content distribution model to the over-the-top or OTT approach.
OTT – or streaming – offers flexibility, and means users are no longer tied to a specific device or location to consume content.
The power of access is now in the hands of the customer, who can choose what to watch, when, and how much of it. This is an advantage for large content providers. At MultiChoice Africa, for instance, streaming on-demand is the perfect way to give customers access to our self-produced local content library of 84 000 hours.
Innovating for a better experience
The shift to streaming and OTT also comes with new challenges, however. Faced with thousands of hours of content, viewers may be overwhelmed. Artificial Intelligence and machine learning allow us to solve this, surfacing and recommending customised selections of content based on viewing behaviour.
To do this effectively, UX design must build upon AI data insights, to shape the content experience in ways that are both personalised and attuned to industry trends.
Because audience preferences can now be observed and understood in real time, it's also important that in-house UX teams be deeply integrated with product and tech teams. This has been our approach with our ongoing MultiChoice UI design refinements.
Another AI application in the broader content space is in building efficiencies that allow millions of viewers to watch content in their local languages.
At MultiChoice, have been able to train AI for subtitling in several regional languages, enabling us to automate translations for entire series of content. This capability has already been deployed for Swahili translations in Kenya, on the Showmax platform, as well as in two vernacular languages in Nigeria.
The next step is to use AI to automate the audio dubbing of content into African regional languages to further bolster the content that we already deliver in those languages.
As an Africa-wide content provider, MultiChoice also understands that our customers face very real data challenges. We have therefore been forced to innovate to alleviate this pain point, and to find value and efficiencies for our customers through technology.
Data compression is one solution we have found. To address the distance factor, we have found partners that will allow us to cache content closer to our various user communities. We have created nodes closer to those regions that will copy content from source locations in South Africa before relaying it to the end user.
Adapted bit rate is another practical solution to data challenges. With this in place, picture quality adapts dynamically along with internet fluctuations, while ensuring that the stream remains uninterrupted. We also allow users to select bit rates and stream qualities according to their needs, to optimise their data use.
We have also formed partnerships with telcos across Africa to package our content with their data offers. It is a time of great innovation in the market.
Buffering and latency solutions
A related technology challenge is latency issues, which will be familiar to anyone who has been watching live TV during a power outage. The streaming lags and buffering effects that often result can be a real inconvenience. To address this, we have implemented a low-latency solution with one of our partners. Again, the goal is for streaming to have the same latency quality as DTH or linear satellite TV.
In our approach to solving this, we set ourselves the goal of getting our buffering rate to below the industry standard in developed countries, which is 0.72%. The buffering rate represents the percentage of time that a device is buffering, instead of playing content. We have already achieved an average of 0.31% and we are confident of achieving further gains.
We are also working to optimise our configuration to ensure that our OTT platforms receive our stream before satellite receives the stream, to gain additional seconds, and compensate for the discrepancy.
If we are going to bring streaming into the mainstream, I believe it should have the same high-quality viewing experience as satellite.
Another technological discrepancy is lags in the content delivery times between DTH and streaming. We conducted a study of major international players in “first world” markets, and found that streaming delivery was often between 20 and 25 seconds behind satellite.
In our quest to align these two platforms, we have managed to get lags down to five seconds, and we are on course to drop them even further, so that our steaming speed is on par with our decoder broadcasts. This confirms that African streaming services are now among the global leaders in this space.
The next phase of innovation in the TV space is already upon us. Thanks to streaming innovation, the medium is now ubiquitous – accessible everywhere we go.
But for that transition to be real, for it to represent real evolution, we must use all the technology and expertise at our disposal to ensure streaming is as good, as fast, and as seamless as the technology that came before it. And even more entertaining!
Then, it becomes time for the next transition. And that process is already underway. It's an exciting time for television.
Distributed by APO Group on behalf of MultiChoice Group.
Brazil's state-owned oil and gas company Petrobras is leading a delegation of Brazilian companies to the African Energy Week (AEW): Invest in African Energy conference – taking place November 4-8 in Cape Town. The move follows a string of acquisitions made by Brazilian companies in Africa in recent months and aims to unlock new avenues for partnerships in oil and gas exploration and production.
The delegation comprises Petrobras' Exploration and Production Director Sylvia dos Anjos; Dr. Roberto Ardenghy, President of the Brazilian Institute of Oil and Gas; Dr. Marcio Mello, Founder of the Namibia Energy Corporation; and Henrique Luiz de Barros Penteado, Petrobras Netherlands B.V. Exploration Manager. As the largest energy event in Africa, AEW: Invest in African Energy 2024 offers a strategic platform for strengthened Africa-global partnerships.
AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.
Petrobras – the biggest oil producer in Brazil – is rapidly expanding its footprint in Africa, with strategic acquisitions in South Africa, Namibia and São Tomé and Príncipe. In September 2024, the company's board gave the greenlight to acquire a 10% stake in the offshore Deep Western Orange Basin in South Africa, heralding a new era of exploration in the promising block. Situated adjacent to where high-profile discoveries have been made in Namibia, the deepwater block offers significant potential for billion-barrel finds. The block is operated by energy major TotalEnergies alongside project partners QatarEnergy and Sezigyn.
In Namibia, Petrobras is making a bid for a 40% stake in the Mopane oil and gas exploration block, which international oil company Galp has put up for sale. The block was the host of a major discovery in January 2024, with reserves estimated as high as 10 billion barrels recoverable. Now, Galp is seeking farm-in partners to accelerate the development of the block. If successful, the acquisition would signal Petrobras' entry into the market, which has been the host of some of Africa's biggest offshore discoveries in recent years. This aligns with the company's goal to expand its international footprint while paving the way for Namibia to leverage the expertise of its South American neighbor.
Petrobras' return to Africa followed the acquisition of interests in three Shell-operated exploration blocks in São Tomé and Príncipe in December 2023. The deal covers Blocks 10, 11 and 13, aligning with the company's strategy to expand its interests into frontier markets in Africa. The company has dedicated $1.3 billion over the next five years for exploration outside of Brazil, underscoring its commitment to diversifying its portfolio and driving exploration in Africa.
Looking ahead, Petrobras remains committed to frontier exploration opportunities. Recently, Petrobras has asked to consult geological data in Angola, Sierra Leone, Equatorial Guinea, Liberia, Benin and Ivory Coast. The company's newfound upstream strategy aims to significantly enhance its production capacity while tapping into the potential of emerging and promising markets – particularly those in Africa. This extends to producing countries such as Angola, which continues to offer untapped potential in onshore and ultra-deepwater acreage. Angola and Brazil rank in the top ten globally for ultra-deepwater reserves, highlighting a strategic opportunity for collaboration. Frontier assets such as in the Namibe basin offer strategic potential for Petrobras. At AEW: Invest in African Energy 2024, these collaborative opportunities will be a key topic of discussion, with the Brazilian delegation engaging with industry leaders and project developers in Cape Town.
“Brazil's exploration and production history bears remarkable similarities to that of its African counterparts, specifically frontier markets such as Namibia. Offering similar geological characteristics and with a string of large-scale projects underway, lesson learnt from Brazil can accelerate the pace and success of oil and gas developments in Africa. Companies such as Petrobras are already strengthening their portfolio of African assets, driving projects forward in partnership with African and global players,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.
During AEW: Invest in African Energy 2024, the Brazilian delegation will participate in various panel discussions, tackling critical topics such as frontier exploration, sustainable oil and gas development and technology-driven drilling solutions. The delegation's participation creates strategic opportunities for newfound partnerships as African countries move to unlock the full potential of their offshore oil and gas resources.
Distributed by APO Group on behalf of African Energy Chamber.
President seeks better prospects for matric Class of 2024
President Cyril Ramaphosa has in his weekly newsletter, extended his best wishes to learners writing their matric exams, acknowledging the hard work, resilience and perseverance they have shown in preparing for this crucial milestone.
Today marks the commencement of the 2024 National Senior Certificate (NSC) exams, with over 880 000 candidates across South Africa sitting for their matric exams.
“On behalf of the government, I wish all our learners well at this challenging and exciting time. The Class of 2024 entered Grade 8 at the height of the COVID-19 pandemic and have had to receive considerable learning support to overcome the resultant gaps in their learning,” the President said on Monday.
READ | All systems go for 2024 matric exams
The first citizen praised the students who are rewriting their exams through the Department of Basic Education (DBE) Second Chance Programme, commending their determination to improve their academic outcomes.
In the weeks leading up to the exams, learners across the country have participated in extra lessons, engaged in revision with educators, and attended learner support programmes facilitated by provincial education departments.
The President highlighted the collaboration between the DBE, provincial education authorities, school governing bodies, and families in equipping learners with the resources needed for success.
“I commend our nation’s educators for their commitment to our matriculants as they reach the end of their secondary school journey.
“At the annual National Teaching Awards ceremony earlier this month, I spoke of teachers as being like devoted gardeners, whose attention, guidance and encouragement nurtures our nation. The successes that the Class of 2024 will undoubtedly achieve will be in no small part due to the efforts of our country’s devoted teachers,” the President said.
As the exams commence, all necessary systems have been put in place to ensure a smooth examination period.
The Department of Basic Education, in collaboration with Umalusi, has conducted audits of over 9 200 exam centres, vetted exam markers, and approved question papers, including those adapted for learners with special needs.
Additionally, stringent measures have been implemented to prevent question paper leaks, fraud, and cheating, including the appointment of additional invigilators and enhanced security measures, such as the use of CCTV at some venues.
President Ramaphosa expressed gratitude to the matric candidates for signing the NSC Examination Code of Conduct, which commits them to maintaining academic honesty during the exams.
According to the DBE, by signing the Matric Exam Pledge, learners publicly commit to upholding ethical standards during the exams and remaining focused on their goals.
READ | Minister, learners sign Matric Exam Pledge for Class of 2024
Integrating young people into the workforce
The President used the occasion to reflect on the importance of integrating the Class of 2024 into the workforce or further education after their exams.
“The unemployment rate among young people aged 15-24 stands at 60.8%, according to the latest Quarterly Labour Force Survey.
“Just as preparing our nation’s young people to achieve success in this exam is a collaborative effort, there is much more that partners like the private sector can do to hire young people.”
To address this, the President has called on employers to relax work experience requirements for entry-level positions and make use of incentives, such as learnership agreements, discretionary grants, and the Employee Tax Incentive, to hire young people.
The incentive is aimed at encouraging employers to hire young and less experienced work seekers.
The President also emphasised the legal obligation of employers to prioritise hiring South African citizens or permanent residents before considering foreign nationals for positions, underscoring the need to provide more opportunities for young South Africans.
“Recent business premises inspections by the Department of Home Affairs and the Department of Employment and Labour have thrown into sharp relief the contentious issue of some employers preferring to employ foreign nationals and illegal immigrants.
“Employers must instead open up more opportunities for young South Africans entering the job market. They need to remember that by law they have to ensure that no suitable South African citizen or permanent resident is available to fill a position before employing a foreign national. This is established practice around the world,” the President said.
READ | Employment and Labour blitz inspections and raids yield results
The President concluded by urging all sectors of society to work together to ensure that the hard work of the Class of 2024 is rewarded with employment, further education, and training opportunities.
He reaffirmed his commitment to supporting the youth in their journey toward a brighter future.
“As all of society, we have a responsibility to ensure that the morale of the Class of 2024 is boosted by knowing their hard work and sacrifices will be rewarded. Let us continue to work together to ensure that the latest cohort of matriculants find the opportunities for employment or further education and training that they deserve,” he said. – SAnews.gov.za
DikelediM
Mon, 10/21/2024 - 12:32
Eskom’s system showing better health
Electricity and Energy Minister, Dr Kgosientsho Ramokgopa, has announced that Eskom’s unplanned capability loss factor (UCLF) has significantly improved, indicating that the system is becoming healthier.
“If you look at what the UCLF recorded over the past seven days, you see that we’ve been averaging at about 10 500 megawatts, essentially 10 500 megawatts of capacity that is installed was not available on account of various reasons. [These include] the units failing and units not performing at their optimal capacity. If you had to compare this with the same period last year, it’s an improvement of about 5 000 megawatts.
“That’s significant, and that’s why we have been able to keep the lights on [for a] very considerable period,” Ramokgopa explained on Monday.
WATCH | Minister Ramokgopa briefs media
The Minister was briefing media in Pretoria on the Independent Power Producer (IPP) programme as part of his regular energy security updates.
“It’s important that we’re able to consistently improve this kind of result. And of course, in numbers, it means that there’s less and less reliance on diesel to power our electricity requirement.”
Starting from 1 April to 17 October 2023, Eskom spent about R18 billion to prevent power cuts, down by R12 billion compared to the same period this year.
“There’s less reliance on diesel. And if you look at the open cycle gas turbines (OCGT) load factor, the percentage of time that we’re relying on these at the same period last year, we were sitting at about 8.95% and this year, we were sitting at about 4.59%,” Ramokgopa said.
The Minister believes that this speaks to the improvement of Eskom’s systems, which he stated will be passed on to the end consumer.
Load shedding
Ramokgopa said it was an “anomaly” to celebrate the fact that there were 208 days of no load shedding.
“That should be the standard… The standard is that there shouldn’t be any load shedding, and the standard should further suggest that we should not rely on expensive fuel sources to keep the lights on.
“This is not an achievement but a step in the right direction. An achievement will be when there’s no load shedding and [we] can use a cheaper form of existing generation for us to keep the lights on. And that’s where the Independent Power Producer programme comes in.”
IPP programme
Shifting his focus to the IPP programme, Ramokgopa said that the programme has procured 15 432 megawatts of renewable energy since its inception in 2011, with 8 231 megawatts currently in the market to be evaluated and 1 897 megawatts under construction.
Ramokgopa said the seventh administration plans to be aggressive in procurement, with interventions to improve the programme’s structure and efficiency.
The renewable energy projects are concentrated in the Western Cape, Northern Cape, and the Eastern Cape, leveraging optimal renewable energy resources.
In addition, the Minister said this move has created 85 800 job opportunities and contributed significantly to local economies, with a focus on socio-economic transformation.
Ramokgopa announced that the project has seen significant market confidence, with international and domestic investments totalling R272 billion.
The focus, he stressed, is on making electricity generation more affordable and competitive, to reduce reliance on expensive fuel sources.
“The focal point of the ministry is to ensure that we can reduce the cost of electricity in the country, make businesses competitive, and ensure that [sustain power] in households.” – SAnews.gov.za
Gabisile
Mon, 10/21/2024 - 14:11
The European Union's NIS2 cyber security directive has significant implications for African businesses trading with the continent. This is according to Check Point Software Technologies (www.CheckPoint.com), a leading AI-powered cloud-delivered cyber security provider, which urges African businesses with strong ties to the EU to take steps to comply with this new, stringent cyber security regulation.
Download document: https://apo-opa.co/3UgCQYj
The European Union's NIS2 Directive, came into effect this month and requires member states to amend their national legislation. The NIS2 Directive imposes strict cyber security requirements, including enhanced management liability, reporting to authorities, risk management, and business continuity planning, placing African companies trading with the EU under increased scrutiny.
The NIS2 Directive builds upon the original NIS1 Directive introduced in 2016, expanding its scope to cover a wider range of sectors including Energy, Banking, Transport, Digital Infrastructure, Healthcare, Food Production, and Research. More than 80% of European enterprises are now within the scope of this legislation, which extends to global supply chain partners—including many businesses in Africa.
Collins Emadau, Check Point Partner and Director at Westcon, explains, “Europe is still Africa's leading trading partner. African businesses, particularly in leading economies such as South Africa, Kenya, and Nigeria, need to understand the far-reaching impact of NIS2. Compliance is not just about meeting EU standards—it's about securing their future in a globalised market. Failure to comply will result in not only heavy fines but also the potential loss of critical trade partnerships with EU member states."
What's at Stake for African Businesses?
The EU remains the largest trading partner for Africa, with over 18 Economic Partnership Agreements and trade worth billions annually. African businesses, especially in sectors like Energy, Banking, Transport, and Manufacturing, are key partners in the EU's supply chains. To continue doing business with EU companies, African organisations must comply with NIS2, which mandates strict cyber security measures to protect critical infrastructure and supply chains.
Issam El Haddioui, Head of Security Sales Engineering: Africa, Check Point Software Technologies, says, "NIS2 sets a new standard for cyber security, and African businesses must act now. Many organisations are unaware of the depth of these requirements, which go beyond local regulations. Compliance is essential not only for maintaining business relationships with the EU but also for enhancing the overall resilience of African economies against cyber threats."
Compliance will exact a cost for African organisations, which according to Interpol's 2021 Africa Cyberthreat Assessment Report, spends an average of only 0.05% of their revenue on cyber security, far below the global average of 0.3-0.5%. The Report also estimated the financial impact of cyber crime in the region at over $4 billion USD, representing about 10 percent of Africa's total GDP.
Tougher Penalties and Personal Responsibility
NIS2 introduces personal liability for business leaders in the event of a cyber attack, meaning that executives themselves can be held financially accountable for breaches. Penalties include fines of up to EUR 7 million or 1.4% of a company's global annual turnover, whichever is higher. This goes beyond the GDPR, placing even more responsibility on corporate leadership to ensure robust cyber security practices are in place.
NIS2 mandates that organisations must report cyber incidents to authorities promptly and inform their stakeholders, suppliers, and customers. Therefore, African businesses must ensure they have a comprehensive incident response plan in place, along with regular cyber security training for both IT and leadership teams.
Steps for African Businesses to Ensure Compliance
To successfully implement NIS2 and avoid devastating penalties, Check Point recommends the following four steps for African businesses:
Long-Term Commitment to Cyber Security
Compliance with NIS2 is not a one-time process; it requires a long-term commitment to cyber security. From 2028, organisations will be required to annually document their NIS2-compliant IT infrastructure and demonstrate that their cyber security measures are aligned with the latest technological advancements.
“African countries, especially economic leaders like South Africa, Kenya, and Nigeria, should also consider using the NIS2 framework as a model for strengthening their own national cyber security regulations. By improving cyber-readiness, African businesses can not only comply with international standards but also protect their data, operations, and reputations from evolving threats,” El Haddioui continues.
El Haddioui, concludes, "The NIS2 Directive marks a significant shift in the cyber security landscape. African business leaders must recognise that cyber security is now a matter of survival, not just compliance. By taking proactive measures, they can safeguard their future, avoid heavy penalties, and ensure their organisations thrive in an increasingly interconnected global economy."
Distributed by APO Group on behalf of Check Point Software Technologies Ltd..
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About Check Point Software Technologies Ltd.:
Check Point Software Technologies Ltd. (www.CheckPoint.com) is a leading AI-powered, cloud-delivered cyber security platform provider protecting over 100,000 organisations worldwide. Check Point leverages the power of AI everywhere to enhance cyber security efficiency and accuracy through its Infinity Platform, with industry-leading catch rates enabling proactive threat anticipation and smarter, faster response times. The comprehensive platform includes cloud-delivered technologies consisting of Check Point Harmony to secure the workspace, Check Point CloudGuard to secure the cloud, Check Point Quantum to secure the network, and Check Point Infinity Core Services for collaborative security operations and services.
The Portfolio Committee on Human Settlements highlighted its support in a court action brought by the Residential Communities' Council (RCC) and the Association of Residential Communities (ARC) against the Property Practitioners Regulatory Authority (PPRA) challenging regulation 35 of the Property Practitioners Act.
The court action seeks an order declaring that charging estate agents fees to market and/or sell property within these estates does not constitute an undesirable business practice.
The Chairperson of the committee, Mr Nocks Seabi, said: “We cannot continue to play lip service to the issue of transformation within the property practitioners environment and the continued charging of these fees runs counter to the transformation agenda intended by the passing of the Property Practitioners Act. The committee was also of the view that these estate agents' fees effectively excludes or disadvantages property practitioners not party to these arrangements from proving services within such property developments,”
In line with the drive to ensure transformation within the real estate sector, the committee welcomed the public private collaboration between PPRA and Rawson Property Group that saw the awarding of 100 franchises to previously disadvantaged individuals. The committee is of the view that PPRA must leverage expertise and resources through such partnerships to accelerate progress towards complete transformation of the sector.
The committee also welcomed the general improvement in attainment of performance targets at PPRA. The entity improved its performance from 33% in the 2022/23 financial year to 66,67% in the 2023/24 financial year. Despite this, the committee urged the entity to resolve the matters of emphasis as identified by the auditor general and to ensure a positive audit outcome.
Meanwhile, the committee welcomed the unqualified audit opinion achieved by the Housing Development Agency as well as the achievement of 91% of its planned performance targets for the 2023/24 financial year. The remarkable turnaround at the HDA should be appreciated especially the reduction of irregular expenditure by over 90% of the financial year. “The commitment to good governance practices and strong internal controls are the bedrock upon which a functional entity rests upon,” Mr Seabi said.
The committee also welcomed the over achievements in the performance that includes the acquiring of 316 2926 hectares of land for housing purposes, delivery of 2142 serviced sites (against the target 1236) and 2402 title deeds.
With regards to the Social Housing Regulatory Authority (SHRA), the committee welcomed the attainment of an unqualified audit for the 2023/24 financial year, it raised concerns that of the 9 targets not achieved, a majority of the targets related to issues of transformation. Although the committee acknowledged the strides made by SHRA to facilitate the transformation agenda, it has called for maximised collaboration with stakeholders to ensure that the capacitation workshops be held to improve procurement within designated groups.
Despite this, the committee appreciated that the entity is already hard at work to address audit findings to ensure that the entity returns to previous positive findings.
The committee will continue to monitor the effectiveness of entities within the sector to ensure that they achieve set targets and ensure quality service delivery to the people.
Distributed by APO Group on behalf of Republic of South Africa: The Parliament.
Firearm-related murders in South Africa have risen to 34 per day
SANRAL announces temporary closure of Alan Paton Avenue carriageway
The South African National Roads Agency SOC Limited (SANRAL) has announced the full closure of Alan Paton Avenue Southbound Carriageway between Blackburrow Road and the N3 in Pietermaritzburg in KwaZulu-Natal.
The closure is due to the construction of the Epworth underpass.
The Alan Paton Avenue Southbound Carriageway (onramp from Alan Paton Avenue to the N3 towards Durban) will be fully closed to traffic to facilitate roadworks as part of the N3 upgrade project between Gladys Manzi (Murray) Road and the New England Road Interchange.
The closure will take place from 27 October 2024 to 27 November 2025, a period of approximately 11 months.
The Alan Paton Avenue Northbound carriageway (offramp from the N3 to Alan Paton Avenue/ Scottsville/Pietermaritzburg CBD) will remain open to traffic during this period.
“Our traffic accommodation team, with the assistance of the Road Traffic Inspectorate (RTI), will monitor the closure,” SANRAL’s Eastern Region Project Manager Jason Lowe said on Thursday.
Alternatives for access to the N3 Southbound carriageway (towards Durban) are via the New England Road and Market Road interchanges.
A temporary access ramp will be provided for local traffic to access the N3 Southbound carriageway.
It is also expected that the new link between Cleland Road and the Market Interchange will be in place within six months from the Alan Paton Road ramp closure.
“Increased traffic volumes can be expected at the New England Road and Market Road interchanges, as well as the roads leading to them. These will lead to increased travel times, especially during the morning and afternoon peak hours.
“Motorists are urged to plan and adjust their routes ahead of time to minimise delays and remain patient during the closure. SANRAL apologises for any inconvenience caused and appreciates the public’s patience during the ongoing major road enhancements,” said Lowe.
The planned closure will allow:
• The demolition of the existing N3 Epworth Underpass.
• The construction of the new N3 Epworth Underpass in a new location.
• The construction of the new Blackburrow Spruit Culvert.
• The construction of adjacent N3 and Alan Paton Avenue roadworks. - SAnews.gov.za
nosihle
Fri, 10/18/2024 - 11:27
4th National Shelter Indaba pioneers solutions for GBV survivors
The 4th National Shelter Indaba has highlighted the urgent need for effective shelter solutions for survivors of gender-based violence (GBV).
The Department of Social Development, in partnership with the National Shelter Movement of South Africa (NSMSA), initiated the 4th National Shelter Indaba, currently underway in Sandton, Johannesburg.
This significant initiative coincides with the department’s month-long campaign, Social Development Month, which reflects on and showcases the department's programmes and services.
Director of Victim Empowerment and Prevention of Gender-Based Violence within the Department of Social Development, Sibusiso Malope, delivered a compelling opening speech, emphasising the critical need for effective shelter solutions for GBV survivors.
“Addressing gender-based violence is not just a moral imperative; it is a critical human rights issue that affects the well-being of individuals and the stability of our communities,” Malope said.
Under the theme: “Progressive Sheltering: Strengthening Shelters in South Africa”, this year’s indaba seeks to drive meaningful change in the fight against GBV by focusing on key pillars of the National Strategic Plan (NSP).
According to the World Health Organisation (WHO), globally, about one in three women (30%) have experienced physical or sexual violence in their lifetime, predominantly from intimate partners.
The statistics underscore the severity of the issue.
In Eastern and Southern Africa, this figure rises to 42%, which not only impacts individual survivors but also hinders family and community development, costing economies up to 4% of gross domestic product (GDP), as reported by the United Nations Economic Commission for Africa (UNECA).
“This crisis represents a fundamental violation of human rights and poses significant barriers to women’s participation in education and the labour market,” Malope emphasised.
He outlined the pivotal role of shelters in providing immediate safety and comprehensive support services.
“Shelters offer more than just a safe haven. They are essential in delivering trauma-informed counselling, legal assistance, and life skills training, which empower survivors to rebuild their lives,” he explained.
Malope said effective shelter programmes must include features such as secure locations, community integration, and cultural competence. He underscored the need for inclusive policies that ensure accessibility for marginalised populations, including LGBTQI [lesbian, gay, bisexual, transgender, queer/questioning (one's sexual or gender identity, and intersex individuals].
“We must ensure that our services are sensitive to the diverse backgrounds and needs of all survivors,” Malope said.
Staff training, including personnel being trained on trauma-informed practices to meet the unique needs of survivors, is also key.
“Well-trained staff are crucial for providing high-quality care and support,” Malope said.
Malope discussed the significance of data-driven practices, stating that regular monitoring and evaluation of shelter programmes is essential for improving services and ensuring accountability.
“By collecting and analysing data, we can better understand the effectiveness of our interventions and adapt to the needs of survivors,” he said.
Improving policies
Recent developments in policies and community responses to GBV in South Africa reflect government’s commitment to addressing this pressing issue through a multifaceted approach.
The Trafficking in Persons Act (TiP) aims to combat human trafficking, which often intersects with GBV, providing a legal framework to protect vulnerable individuals.
Additionally, the Domestic Violence Act (DVA) has been strengthened to enhance protections for survivors, ensuring they can access immediate support and legal recourse.
The Sexual Offences Act (SORMA) and the Criminal Law (Sexual Offences and Related Matters) Amendment Act have also been revised to impose stricter penalties on perpetrators, reinforcing the message that GBV will not be tolerated.
Malope emphasised the importance of these legislative frameworks.
“Robust laws are essential, but they must be accompanied by community-driven responses to be truly effective.
“Programmes like the Victim Support Services (VSS) and the National Gender-Based Violence Strategy (NGBV) are critical for ensuring that survivors receive holistic support.”
He further highlighted that community initiatives, including awareness campaigns and local support networks, play a vital role in shifting societal attitudes toward GBV.
“Engaging communities is key to prevention, as it fosters a culture of respect and accountability, ultimately contributing to the safety and empowerment of all individuals,” Malope said.
The two-day Indaba features keynote addresses, panel discussions, and opportunities for collaboration among government departments, Chapter 9 institutions, and civil society organisations, policymakers and advocates.
Topics include innovations in shelter services, mental health support for survivors and community engagement strategies.
“This conference is a call to action for all of us to work collaboratively in creating safer communities,” Malope said.
As participants engage in discussions and share best practices over the two-day initiative, the NSMSA aims to develop actionable strategies to enhance shelter services for survivors of GBV, reinforcing the importance of a survivor-centred approach in responding to this pervasive issue.
The National Shelter Movement of South Africa plays a pivotal role in the implementation of Pillar 4 of the NSP on GBVF, and is an umbrella body for 99 shelters across the country.
These shelters provide essential care and support services for individuals affected by GBV, offering safety, counselling, healing, empowerment for survivors as they rebuild their lives, and interrupting and breaking the cycle of violence. – SAnews.gov.za
DikelediM
Thu, 10/17/2024 - 11:04
Move towards electronic vehicles a 'major industrialisation opportunity'
President Cyril Ramaphosa says the global move from Internal Combustion Engines towards Electronic Vehicles (EVs) presents a major opportunity for South African industrialisation.
The President was speaking during the South African Auto Week held at the Cape Town International Convention Centre in the Western Cape on Thursday.
“As many of our major trading partners rapidly shift towards EVs, it is imperative that we remain part of this global supply chain. This is a major industrialisation opportunity for South Africa and the region, particularly within the context of the African Continental Free Trade Area.
“This will position South Africa as a forward-thinking, green economy. It will advance our aspirations to be a global automotive hub,” President Ramaphosa said.
He acknowledged that decarbonisation presents a challenge to the automotive sector, but assured that government is committed to working closely with the sector.
“The transition towards cleaner and more sustainable fuels – together with stringent regulations in key markets – puts a number of automotive firms and sub-industries in a vulnerable position. Even as the journey to net zero poses a challenge for the auto industry, there is at the same time immense opportunity.
“The local automotive sector needs to position itself to take advantage of the demand for electric vehicles, new energy vehicles and sustainable fuels. The transition to cleaner, more sustainable practices in the automotive industry is a priority for our government. The automotive industry has a critical role to play in achieving South Africa’s climate targets.
“We are committed to working hand-in-hand with the private sector to promote the production of New Energy Vehicles [NEV] and the development of the necessary infrastructure to support them,” he said.
READ | President Ramaphosa to address SA Automotive Week
Furthermore, President Ramaphosa revealed that the Department of Trade, Industry and Competition, National Treasury and the Department of Mineral and Petroleum Resources are in discussion on the implementation of the Electric Vehicle White Paper.
“This work includes the beneficiation of our critical minerals for the production of new energy vehicles and their associated value chains. It also includes the production of batteries for battery electric vehicles and the development of value chains in the green hydrogen fuel cell market.
“We are working to finalise comprehensive NEV policy guidelines that do not exclude alternative technologies such as hybrids and plug-in hybrids. Consideration must be given to incentives for manufacturers as well as tax rebates or subsidies for consumers to accelerate the uptake of electric vehicles.
“This is not just about creating a greener future but also about ensuring South Africa remains competitive in the global market.”
Removing barriers
The President emphasised that government, through reforms in energy, logistics and other sectors, is working to remove the barriers that affect the sector.
“As government, we remain firmly committed to the work already underway to improve the operational performance of our energy, freight and logistics sectors – all of which directly impacts the automotive industry.
“Transnet continues with its work to revitalise the Port of Durban. It is also proceeding with the upgrade of the Gauteng-Eastern Cape railway line as part of Project Ukuvuselela,” he said.
The President told the delegates that the Government of National Unity looks forward to “deepening our collaboration as government, industry and labour” to achieve the objectives of inclusive growth and job creation.
“There may be headwinds. But in challenges lie opportunities. It is up to us to harness these opportunities to grow, to expand and to transform,” President Ramaphosa said. – SAnews.gov.za
NeoB
Thu, 10/17/2024 - 11:30
HIMOINSA (www.HIMOINSA.com), a leader in power technology solutions and part of the Yanmar Group, is proud to announce the launch of its latest innovation: the HGY Series. This new engine line, with a capacity range from 1250kVA to 3500kVA (with future plans to reach 4000kVA), has the potential to significantly help address Africa's growing energy needs, particularly in key sectors critical to the continent's economic development, such as healthcare, mining, oil and gas, and tech hubs like data centers.
Download document: https://apo-opa.co/3NyfcCw
With the HGY Series, HIMOINSA enters the high-capacity engine segment, providing tailored solutions that meet the needs of Africa's mission-critical sectors where reliable and efficient power generation is vital. The company's focus on Africa reflects its strategic commitment to supporting the continent's rapid industrialization and infrastructure expansion.
Delivering Reliable Power Where It Matters Most
Africa is home to some of the world's fastest-growing economies, yet power generation remains a critical challenge in several key regions. HIMOINSA's HGY Series engines are engineered to deliver robust and sustainable solutions, particularly in areas with unstable national grids, helping to mitigate downtime, load-shedding and other challenges. By offering flexible fuel options, currently capable of operating with a range of diesel types and HVO (hydrotreated vegetable oil), with future plans to support natural gas and hydrogen, the HGY Series ensures that businesses and communities across Africa have access to low-emission, efficient, and reliable power, regardless of local grid conditions.
Guillermo Elum, HIMOINSA's EMEA Region Head, highlighted the company's dedication to the African market: “Africa is a key growth region for HIMOINSA, and our approach goes beyond merely selling products; we are committed to building local capacity. Our training programs in Angola, South Africa, Morocco, Togo and soon, in Tanzania, ensure that African technicians and engineers are fully equipped to manage and maintain our technology, creating skilled jobs and developing expertise across the continent.”
Boosting Africa's Economic Growth
The launch of the HGY Series is part of HIMOINSA's broader investment strategy to support Africa's economic development. The company's Spanish production facilities, including a new factory in Murcia with a capacity of 1,000 units currently under construction, are set to help supply the African market, ensuring fast delivery and minimal logistical challenges, so businesses can rely on timely support and services. Additionally, its focus on training and local partnerships enhances the technical skills of local communities, empowering them to manage critical power infrastructure and stimulating economic growth.
Francisco Gracia, CEO of HIMOINSA, stressed the significance of the HGY Series for Africa: “We see enormous potential in Africa's industrial and digital sectors, and the HGY Series is a powerful tool for realizing that potential. From supporting vital healthcare facilities to powering new data centers that drive digital transformation; to providing continuous power for mining projects, our solutions are designed to make a tangible impact in Africa's growth story. This launch is more than just a product introduction; it is our commitment to being a partner in Africa's progress.”
Dedicated to Sustainability in Africa
The HGY Series engines are not just about power—they are about powering Africa sustainably. Designed to work seamlessly with micro-grids and renewable energy sources, these engines offer a viable solution for rural and urban areas seeking to integrate intermittent solar and wind power into their energy mix. HIMOINSA's generators support Africa's energy transition, aligning with the continent's growing focus on renewable energy and reduced carbon emissions.
The company's presence in Africa through divisions in Angola, South Africa, Morocco, Togo, and Tanzania enables it to deliver localized support in the continent's most widely spoken languages. This commitment to on-the-ground engagement ensures that African clients receive comprehensive training and support, helping businesses reduce operational costs and improve efficiency.
Driving Innovation Across Africa's Most Critical Sectors
HIMOINSA's new HGY Series is ideally suited for sectors that drive Africa's economic growth. Data centers, which are rapidly expanding due to the rise of digital services and AI, can now benefit from high-capacity, low-emission solutions designed to minimize downtime and optimize performance. Healthcare facilities, often located in remote or underserved areas, will gain access to dependable power solutions essential for life-saving equipment. Mining operations and oil and gas fields can also leverage the versatility and efficiency of the HGY engines to operate in demanding environments, ensuring continuity even when the grid fails.
https://HGY-Series.HIMOINSA.com/
Distributed by APO Group on behalf of HIMOINSA.
About HIMOINSA:
Founded in 1982, HIMOINSA is a global leader in the design and manufacture of power generation solutions. With a wide range of products including generator sets, lighting towers, and energy storage systems, the company has a track record of delivering reliable, efficient, and innovative power solutions. As part of the Yanmar Group, HIMOINSA combines decades of expertise with cutting-edge technology to meet the evolving energy needs of customers worldwide.
Expand North Star 2024 (www.ExpandNorthStar.com), the world's largest startup and investment event, continued its journey of innovation on its third day at Dubai Harbour. Attendees from around the world witnessed revolutionary advancements in Applied AI and Deep Tech, demonstrating how these technologies are disrupting industries and solving complex global challenges.
Integrated with GITEX GLOBAL, Expand North Star runs until 16 October, providing a powerful platform for over 1,800 exhibiting startups and more than 1,200 investors managing assets exceeding USD $1 trillion.
Applied AI and Deep Tech Innovations Redefine Healthcare and Space Innovation
Day three was a showcase of next-generation solutions in robotics, AI, and deep tech, providing a glimpse into the future of these sectors.
Cutting through the noise were innovative startups such as China's RoboCT with their innovative exoskeleton technology, launching the UGo Rehab Exoskeleton, specifically designed for patients with lower-limb dysfunction, spinal cord injury, strokes, or cerebral palsy. Dr. Tian Wang, Founder and CEO of RoboCT Group, stated, "UGo enhances the rehabilitation process and delivers an effective walking training solution by integrating advanced sensors, data analysis, and research, empowering patients to rehabilitate more effectively at home."
On the digital health frontier, JADE introduced a platform tailored for neurodivergent children, including those with ADHD, down syndrome, and autism. The app's sophisticated tracking of eye movements, cognitive response times, and memory functions equips healthcare professionals and educators with precise data to create personalised care and learning strategies.
Meanwhile, scanO, a pioneering Indian-born deep tech company, is leading the way in developing generative AI models for predicting disease progression. The company showcased its flagship product, scanO air—the world's first contactless AI-powered robotic system for oral health screening—revolutionizing early detection and diagnosis.
In space technology sector, Triggers-Reports from Mauritius introduced Triggers-sat, a satellite platform that provides high-resolution imaging and 3D modeling to assist businesses and governments in areas such as natural resource management and climate risk disaster monitoring.
Rising International Participation from Asia and Latin America
As the global innovation hub, Expand North Star continues to see international participation rise, showcasing how regions and countries are pushing boundaries with novel solutions.
Tatiana Riera, COO of ApexBrasil, highlighted Brazil's expanding presence at Expand North Star: "From just 20 startups in 2019, we have expanded to 45 startups this year, along with four innovation hubs. Brazil is a great hub for fintech because of the diversity in social levels, so most of our unicorns come from fintech. We also focus a lot on Deep Tech, AI, and climate tech solutions since we have six biomes and need to take care of them. We have a company that uses natural foam to build soundproof material for construction and another company building silent tractors that run on renewable energy."
Similarly, Singapore's SGTech made a noteworthy debut at Expand North Star, emphasizing the importance of cross-border collaboration in driving tech-driven solutions forward. Alex Ng, Exco Member, SGTech said: "Singapore's innovative startups are making a significant impact at Expand North Star 2024, with six outstanding companies exhibiting under the Singapore Pavilion. These companies showcase cutting-edge technologies across various sectors, including digital twins, industrial AI and biotech, with the event serving as a groundbreaking global launchpad for startups to foster valuable networking with investors."
Africa's Path to Economic Growth
With global participation continuing to flourish, the spotlight also turned towards Africa, where burgeoning tech ecosystems are paving the way for a new wave of entrepreneurs and innovators. H.E. Savannah Maziya, Minister, Ministry of Information, Communications & Technology, Eswatini, alongside other thought leaders, emphasised the importance of structured development to tackle unique market challenges and unlock Africa's economic potential.
Celina Lee, CEO & Co-Founder, Zindi, South Africa, highlighted the trend of talent returning to Africa to start companies and create ecosystems that foster innovation and attract global corporations like Microsoft to set up labs in Ghana and Nairobi.
Speaking on the challenges facing Africa, Olatunbosun Alake, Honorable Commissioner, Ministry of Innovation, Science and Technology, Lagos State Government, Nigeria, said, "The greatest challenge in Africa is education. In Nigeria, if you look at the most educated parts, they show economic value, whereas in the north, where education levels are not as high, economic productivity is lower. There needs to be an African Renaissance of education funding across the board because if you drive education, educate, and enlighten people, people will change the environment.”
Across its four-day span, Expand North Star continues to shed light on the future of industries through defining events such as GITEX Impact, Fintech Surge, Future Blockchain Summit, and Marketing Mania. These events underscore how emerging technologies are transforming the way we live and are also playing a pivotal role in reshaping the future.
Distributed by APO Group on behalf of Expand North Star.
Media Contact:
Tayce Marchesi, PR Manager, DWTC | tayce.marchesi@dwtc.com
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About Dubai World Trade Centre (DWTC):
A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is home to the region's leading purpose-built convention and exhibition centre. DWTC provides a platform for connecting people, products, innovation and ideas from around the world through a dynamic calendar of international trade exhibitions and its own roster of sector leading mega events. As a designated free zone, complemented by award-winning commercial real estate, DWTC plays an integral role in Dubai and the region's growth story. Since its inauguration, DWTC has hosted over 6,000 events, with an estimated economic output of AED 248 billion, attracting over 38 million business visitors to Dubai.
African Peace Magazine UK (https://AfricanPeace.org/) is honoured to announce the distinguished line-up of speakers for the 3rd International African Energy, Oil, and Gas Summit, set to take place from October 23rd to 25th, 2024, at Hilton, Windhoek, Rev. Michael Scott Street, Windhoek, Namibia. This summit brings together some of the most influential leaders, industry experts, and change-makers in the energy sector across Africa. These individuals have significantly shaped their respective industries and will contribute profound insights into Africa's energy future. The Charity Golf Tournament and other Tour activities would commence from the 26th to the 30th of October 2024. The Speakers are;
Hon. Justice Galadima is a revered figure in Nigeria's legal community, having served as a Justice of the Supreme Court of Nigeria. He is known for his unwavering commitment to justice and governance in Africa. As Chairman of African Peace Magazine, Justice Galadima plays a critical role in fostering dialogue around peace, security, and development across the continent.
HRH Sir David Serena-Dokubo Spiff is a prominent traditional leader from Bayelsa State, Nigeria. His deep commitment to the socio-economic advancement of his people and his influence on the region's energy and resource management make him a vital voice at the summit. He actively advocates for responsible management of natural resources in his community.
Dr. Martha Namundjebo-Tilahun is a powerful figure in Namibia's business sector and beyond. As the Chairperson of United Africa Group, she has been a driving force behind several large-scale projects in hospitality, real estate, and renewable energy. Her leadership in advancing Africa's energy landscape and sustainable development strategies is exemplary.
Abiola Metilelu leads PressPayNG, a groundbreaking fintech company that offers education financing solutions. Under his leadership, PressPayNG is bridging the financial gap for students across Nigeria, directly impacting the education and energy sectors by creating a more skilled workforce for the future.
A visionary in Nigeria's oil and gas industry, Dr. Udochu Ogbonnaya is shaping the future of sustainable energy in Africa. As the Executive Director of GEIL, he drives innovation in the extraction and development of energy resources while maintaining a focus on environmental responsibility.
Mrs Amuela is a respected expert in the legal frameworks governing Africa's extractive industries. Her insights into compliance and legal challenges in oil and gas operations have made her a sought-after voice in regulatory discussions. Her work ensures that Africa's natural resources are managed with accountability and transparency.
Mr. Mulunga is a seasoned expert in Namibia's oil and gas industry, having held key leadership roles, including serving as Managing Director of NAMCOR. His deep understanding of petroleum resource management in Namibia and his strategic leadership have had lasting impacts on the country's energy landscape.
Engr. Woke leads NOSDRA, Nigeria's primary agency responsible for monitoring and responding to oil spills. His efforts in promoting environmental sustainability in the face of oil extraction activities have been instrumental in safeguarding Nigeria's ecological future.
Professor Shakwa is a staunch advocate for anti-corruption measures in Africa, having founded the Anti-Corruption Education Consultancy. His work aims to educate and promote transparency, which is critical for sustainable development in Africa's energy sectors.
Tassius Chigariro heads Old Mutual Namibia, a leading financial services company. His strategic expertise in investments and financial management has made Old Mutual a key player in supporting economic growth in Namibia and throughout Africa's energy sectors.
Dr. Tolorunse brings a wealth of knowledge in regulatory frameworks, ensuring Nigeria's midstream and downstream petroleum sectors operate within best practices and international standards. His work strengthens Nigeria's position as a key player in the global energy market.
A legal expert in energy law, Olusegun Ilori has been instrumental in shaping GEIL's business strategy, ensuring compliance with global energy regulations while advocating for sustainable practices.
Engr. Babalola's expertise in engineering and operations has been pivotal to GEIL's success in executing oil and gas projects with a focus on innovation and sustainability.
Alh. Rano is a prominent entrepreneur in Nigeria's oil and gas sector, with his company, A.A. Rano, being a leading player in petroleum marketing and distribution. His business acumen has significantly contributed to Nigeria's energy supply chain.
Prof. Adegbulugbe is a renowned energy expert with a wealth of experience in energy policy and management. As CEO of GEIL, he is at the forefront of pushing Africa towards a greener energy future.
Martin Harris is a leading geoscientist in Namibia, focusing on energy resource exploration and development. His research and contributions have enhanced the understanding of Namibia's geological wealth.
As the traditional ruler of the Kingdom of Kongo, HRM Makitu III is a respected leader who advocates for the preservation and responsible use of natural resources within his kingdom, including energy resources that are key to Angola's economic development.
Engr. Ogunsanya leads Geoplex Drillteq, a company offering cutting-edge drilling solutions for Africa's oil and gas industry. His leadership in innovation has made Geoplex a leader in the sector, offering technological solutions that enhance efficiency. Engr. Wole Ogunsanya is the current Chairman of the Petroleum Technology Association of Nigeria. PETAN is an association of Nigerian Indigenous Technical Oilfield service companies in the upstream and downstream. PETAN is the primary trade and advocacy association of the oil and natural gas industry in Nigeria, representing nearly 100 members involved in various aspects of petroleum.
Tarah Shaanika oversees Namibia Asset Management, a leading investment company in Namibia. His experience in financial management and investment has propelled the company into playing a crucial role in funding energy and infrastructure projects in Namibia.
Aggrey Ashaba is a business leader with deep expertise in the oil, gas, mining, and energy sectors. As General Manager of Alliad in Uganda, he plays a key role in driving the country's energy strategy, focusing on sustainable development.
Williams is a respected business consultant whose firm, Mind Space Consults, provides strategic insights and advisory services in energy and business development across Africa, helping companies navigate complex markets and regulatory environments.
A key player in Nigeria's oil and gas sector, Alh. Saleh Baba Rano has been instrumental in the growth and development of the sector, bringing strategic insights and leadership to discussions around energy in Africa.
Abimbola Okoya is a passionate advocate for education in Africa, founding Basic Education Africa to provide accessible learning opportunities to underserved communities. Her work directly impacts the future of Africa's workforce, particularly in the energy and technology sectors.
Professor Jude Osakwe is a prominent academic and researcher with a focus on Data Governance, Data Analytics, ICT in Education, and ICT for Development (ICT4D). He holds various professional certifications in project management, big data analytics, business intelligence, and digital marketing. His extensive research work and involvement in international conferences make him a vital contributor to discussions on the integration of ICT into development strategies across Africa. Professor Osakwe's dedication to bridging the gap between theory and practical implementation of ICT solutions has positioned him as a respected figure in the academic and business sectors.
M. Jinot Razafimamonjy serves as the Director of Hydrocarbons in Madagascar's Ministry of Energy and Hydrocarbons. His leadership in managing the country's hydrocarbon resources has been instrumental in driving economic growth and ensuring sustainable development in the energy sector. His participation at the summit will provide critical insights into Madagascar's approach to energy management and its vision for the future of its oil and gas industry.
S P Jika Ogbeche holds a senior leadership role within the Nigeria Immigration Service, overseeing the Air Border Division. His extensive experience in managing Nigeria's air borders and contributing to national security efforts will bring a unique perspective to discussions on energy security and the role of governance in the sector.
Engr. Farouk Ahmed is at the helm of Nigeria's NMDPRA, playing a critical role in regulating and ensuring the sustainable development of Nigeria's midstream and downstream petroleum sectors. His leadership has been instrumental in modernizing the regulatory framework, promoting investment, and ensuring energy security in one of Africa's most important energy markets.
Dr. Lloyd C. Williams is an esteemed expert in the fields of energy and sustainability, hailing from the United States. With a distinguished career marked by contributions to both the public and private sectors, Dr. Williams is dedicated to advancing clean energy initiatives and fostering innovation in oil and gas. His global perspective will add invaluable insights into the discussions at the summit.
As the CEO of Old Mutual Namibia, Mr. Tassius Chigariro is a key figure in the financial services sector, driving initiatives that support sustainable investments in energy and infrastructure. His experience in leading one of Africa's most reputable financial institutions positions him as an influential voice in the intersection of energy finance and economic development.
Cydolian Raveloson is the Acting Director General of Madagascar's Hydrocarbons Office, where he plays a pivotal role in managing the country's energy resources. His efforts are focused on ensuring the efficient exploitation and management of Madagascar's oil and gas reserves, contributing to both the nation's economic growth and energy security.
These esteemed speakers join an already impressive lineup, including leading figures from government, academia, and the private sector, all dedicated to advancing Africa's energy future. Their participation is set to elevate the summit's discussions, fostering meaningful collaborations and forward-thinking strategies.
"The diverse group of speakers at the upcoming IAEOG Summit 2024 reflects our heartfelt commitment to inspiring discussions that lead to tangible outcomes. These industry leaders are passionate about finding ways to alleviate poverty, create job opportunities, and enhance our GDP. Together, we envision a transformative event that enlightens the public and fosters collaborative efforts, ultimately driving meaningful change for the betterment of our communities."- Chairman Hon. Justice Suleiman Galadima JSC, CFR, OFR (Rtd.)
Distributed by APO Group on behalf of African Peace Magazine.
For more details on the full list of speakers, agenda and for sponsorship, participation, partnership, Exhibition and speaking opportunities and all other enquiries please contact:
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Revitalising SA’s national parks to world destinations
The Department of Forestry, Fisheries and the Environment has undertaken a bold initiative designed to elevate the country’s parks to world-renowned tourism destinations.
This will be achieved through the new Kruger, Kirstenbosch-iSimangaliso Icon Status Strategy, or KISS, which is focused on reforming each of these iconic sites into world-class destinations that set new standards for conservation, education, and sustainable tourism.
“Throughout the seventh administration we will reimagine each of our botanical and zoological gardens of the future. It will involve integrating cutting-edge technologies, enhancing visitor experiences, and implementing innovative conservation practices.
“By modernising infrastructure and embracing digital innovations, we aim to transform these destinations into more accessible and engaging experiences for all visitors, both local and international,” Minister of Forestry, Fisheries and the Environment Dr Dion George said on Tuesday in Cape Town.
Addressing the media on his 100 days in office, the Minister said elevating these iconic sites will inspire a deeper appreciation for the country’s environment and reinforce South Africa's leadership in global conservation initiatives.
“However, the transformation of these sites will span beyond environmental stewardship and into economic development. The KISS initiative will aim to create new jobs in the green economy and provide opportunities in fields such as environmental science, sustainable tourism, and wildlife management.
“By investing in training and capacity-building programs, we will empower local communities and foster inclusive growth from the ground up. Moreover, as South Africa prepares to assume the G20 Presidency next year, we see a unique opportunity to showcase these world-class sites on the global stage,” the Minister explained.
He said his department plans to host key G20 meetings and international conferences at locations like Kirstenbosch and the Kruger National Park, which will position South Africa as a premier destination for future global dialogues on sustainability and conservation driven economic development.
Captive lion breeding
Following in the footsteps of his predecessor, the Minister said he has taken a clear and decisive stance against captive lion breeding.
“The process initiated by my predecessor will continue. The Fair Industry for Lions, Leopards, Elephants, and Rhinos initiative, known as the FILLER, is dedicated to ensuring a fair and sustainable future for our country’s most iconic wildlife.
“Our goal is to boost economic activity and create jobs in eco-tourism and conservation, all while safeguarding these magnificent creatures for generations to come,” the Minister said.
Small-scale fishers and coastal communities
Recognising the difficulties faced by small-scale fishers and coastal communities, the Minister has initiated a process to simplify the application for fishing licenses.
“By removing bureaucratic barriers and streamlining procedures, we aim to make it easier for local fishers to obtain the necessary permits to operate legally and sustainably. This will empower individuals and small enterprises, promote inclusivity in the fishing industry and ensure that economic opportunities are accessible to those who need them most.
“In addition to policy reforms, I have embarked on a comprehensive 12-harbour tour to engage directly with the communities that rely on our maritime resources. So far, I have conducted oversight visits at four of these harbours, where I have met with local fishers, community leaders, and stakeholders. These visits have provided invaluable insights into the everyday realities and opportunities within the sector.”
During these engagements, issues ranging from infrastructure needs and safety concerns to market access and training opportunities were discussed.
“Moreover, I am meeting with lawyers for conservationists and small-scale fishers on the litigation currently heading to court. I am certain we can reach a settlement that will ensure the future of our African penguin population in the wild,” the Minister said.
He was reflecting on the milestones of the work that has been done since his appointment by President Cyril Ramaphosa to lead the department.
The President appointed George and Deputy Ministers, Bernice Swarts and Narend Singh, on 03 July 2024 to lead the department under the Government of National Unity (GNU).
In the short to medium term, the department will prioritise climate change and energy; fisheries, particularly small-scale fisheries, and aquaculture; wildlife and biodiversity; and conservation efforts and environmental protection initiatives. - SAnews.gov.za
nosihle
Tue, 10/15/2024 - 12:43
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:
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.
Russia's state-owned nuclear corporation Rosatom has joined the African Energy Week (AEW): Invest in African Energy conference – scheduled for November 4-8 – as a gold sponsor. The sponsorship aligns with the corporation's ambitions to strengthen its presence in Africa and follows a strong of deals forged with various African countries in the fields of nuclear power development, knowledge sharing and mining.
Currently, there is a surge in nuclear energy adoption in Africa, with projects targeting 15 GW of operational capacity by 2035, the Nuclear Business Platform estimates. Over 10 African countries are looking to embrace nuclear energy, the majority of which are leaning on global partnerships such as those fostered with Rosatom to accelerate project development. Rosatom's return to AEW: Invest in African Energy reflects its growing intention to support projects in Africa.
AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.
Rosatom signed an agreement with the Republic of Congo – which has ambitions to enhance the adoption of nuclear energy - in July 2024. The deal will see the parties collaborate on the peaceful utilization of nuclear energy and hydroelectric power. This aligns with the Republic of Congo's efforts to diversify its energy mix beyond oil, leveraging Rosatom's expertise to improve energy access.
The agreement followed the signing of an MoU with Guinea-Conakry in June 2024 to cooperate on the development of floating nuclear power plants. The corporation currently operates the world's only floating co-generation nuclear power plant – Akademik Lomonosov - and aims to construct an additional 7 facilities worldwide. Suitable for remote regions with undeveloped or unreliable power grids, floating nuclear offers a range of benefits for African countries. As a small nuclear power plant, the facilities provide access to clean and affordable power for hard-to-reach communities, offering an environmentally-friendly energy option with 24/7 operational capacity. The agreement with Guinea-Conakry will see Rosatom construct floating nuclear plants, equipped with RITM-200 reactors. Power will be used to support industrial and domestic consumption.
Rosatom also signed an agreement with Burkina Faso's Ministry of Energy, Mines and Quarries for the construction of a nuclear power plant in the country. Construction will be complete by 2025 with the project expected to double Burkina Faso's power production by 2030. The deal also features a clear roadmap to enhance the country's nuclear power adoption, including the establishment of a regulatory framework for nuclear energy.
In addition to nuclear power development, Rosatom is driving nuclear energy capacity building and training across Africa. The company aims to utilize its expertise in the industry to support human capital development across the continent, with various programs in place to achieve this goal. In South Africa – the continent's only nuclear power producer – Rosatom signed an agreement with the state-owned power utility Eskom for a nuclear action plan for the period 2024-2026. The plan comprises joint education initiatives, joint degree programs and workforce training. South Africa plans to continue utilizing nuclear power to fulfil both its domestic and industrial needs. Recently, the Koeberg station – accounting for 5% of South Africa's power supply – has been approved to run for an additional 20 years. The Rosatom-Eskom plans aims to support this by equipping the workforce with the requisite skills and capacities.
To support nuclear production in Africa, Rosatom is also advancing uranium mining across the continent. The company plans to start mining uranium in Namibia by 2029, with plans in place to complete the prospecting and exploration phase of the Wings Project by 2026. At a total investment of $500 million, the project will produce 5,000 metric tons of uranium per year.
“Rosatom represents a strong partner for Africa's nuclear industry. The company is focused on supporting the construction of nuclear energy facilities while concurrently scaling up capacity building, mining activities and regulatory support. Nuclear has the potential to transform the continent's power landscape and with partners like Rosatom, Africa is well positioned to tap into this growing market,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.
Distributed by APO Group on behalf of African Energy Chamber.
Telecoming (www.Telecoming.com), sportech company specializing in developing and distributing mobile experiences for sports and entertainment, is excited to announce a strategic partnership with The Movement Empire, the world's most immersive online exercise platform. This agreement will enable the distribution of Movement Empire's on-demand workout content through major mobile operators in South Africa, reinforcing Telecoming's strong presence in the South African market, where it has been operating since 2015.
The Movement Empire, known for its comprehensive range of online bodyweight workouts, is dedicated to empowering individuals to achieve their fitness goals through innovative and engaging workouts that require no equipment. Their content, which spans from low-impact, reduced intensity sessions through to high intensity interval training (HIIT) as well as yoga inspired sessions, which are designed to inspire users at all fitness levels to lead active and healthy lives.
This partnership aligns with Telecoming's Sportech strategy, which is focused on expanding its home fitness division. By integrating The Movement Empire's premium content into its offerings, Telecoming continues to demonstrate its commitment to the South African market and its belief in the potential of local productions. The partnership underscores Telecoming's dedication to providing high-quality, locally relevant content that resonates with South African audiences.
"We are thrilled to partner with The Movement Empire, a brand that shares our vision for innovation in sports and fitness content. This collaboration is a significant step forward in Telecoming's strategy to enhance our Sportech offerings in South Africa. We believe that Movement Empire's dynamic content will be highly appreciated by users across the country," said Roberto Monge, Chief Business Officer at Telecoming.
"We appreciate Telecoming's trust in The Movement Empire and we look forward to bringing our immersive fitness content at scale to a South African audience through their strong mobile distribution network. This partnership allows us to reach more individuals who are eager to embrace a healthier lifestyle, and we couldn't be more enthusiastic about the possibilities ahead," said Ben Wagner, CEO of The Movement Empire.
Since entering the South African market in 2015, Telecoming has consistently adapted its services to meet the needs and preferences of local users. This new agreement not only expands the company's content portfolio but also contributes to the growth of the South African digital ecosystem by providing users with access to top-tier sports and fitness content.
Distributed by APO Group on behalf of Telecoming.
Press Contact Telecoming:
Bárbara González
barbara@bgdiez.es
M. +34 603 578 65
About Telecoming:
Telecoming is a sportech company specializing in developing and distributing mobile experiences for sports and entertainment. The firm has been deploying monetization technologies in partnership with telcos since 2008. Telecoming is currently present in 18 countries. Its portfolio includes the official licenses of the leading soccer clubs in Europe and Africa, as well as the main competitions of 12 sports disciplines. Leader in the digital content economy since its foundation, the company has been recognized by the London Stock Exchange as one of Europe's most inspiring organizations. In addition, it is one of Europe's fastest-growing companies, according to Morningstar's 5000 Inc. ranking. For more information, please visit: www.Telecoming.com
