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

Location: MyPR

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

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

Location: Sport
National Basketball Association (NBA)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Showmax.com hijacks Matchday Live to revolutionise Premier League viewing across Africa

Location: News
Showmax

In an awkward, live conversation with Manchester United legend, Eric Cantona - in his debut appearance on Matchday Live - host Julia Stuart and Owen Hargreaves attempted to placate the notorious Red Devils' captain. Their efforts were in vain, as the Frenchman eventually tired of the conversation and stormed off the set. He offered a rambling monologue about revolution as his parting shot.

https://apo-opa.co/4fK4XrR  

Stuart says, "What can you and the millions of Manchester United fans around the world expect; what will be unfolding as the season progresses on their television sets?"

Cantona sarcastically chuckles and says, "television" a few times before standing and removing his microphone, jacket and tie, and proceeding to deliver a concluding monologue to camera.

He says, "How many people in this world don't even own a television? What of [sic] them? To be truly beautiful, the game should be everywhere. It cannot be stuck on the wall - or just in the bar - no, it must fly. Then my friends, no one, no one should believe the Premier League is out of their league. It must be for everyone."

He concludes, "And this marks the beginning; the revolution has begun."

As he walks off-camera, we hear Julia Stuart asking Owen Hargreaves, "what must I do?", before the broadcast cuts to a test pattern.

https://apo-opa.co/4fK5aeD

The show returns after the ad break with what appears to be a Cantona-led pirate broadcast.

Cantona defiantly declares, "The revolution will not be televised; the revolution will be live."

In what is possibly the greatest live TV stunt ever staged, Showmax.com revealed to all 44 of its African markets - simultaneously, via linear TV, its streaming platform and YouTube Live - that football will never be the same again. Quite literally, because it has the most compelling Premier League offering in the world.

GSMA Intelligence data (https://apo-opa.co/3M8cl2B) suggests there are more than half a billion unique mobile subscribers in sub-Saharan Africa, alone. This is seven times greater than the predicted number of television sets in the same region (74.76m according to Statista.com).

Hundreds of millions of people will finally be able to consume the greatest football league on the planet, for a fraction of what it costs to attend a live match in England, while cheering on hundreds of African players, in real time.

It's the Premier League in your pocket. Welcome to the revolution!

Pricing structure:

Country

Showmax Entertainment

Showmax Entertainment Mobile

Showmax Premier League

Showmax Entertainment + Premier League

Showmax Entertainment Mobile + Premier League

South Africa

ZAR 99

ZAR 45

ZAR 69

ZAR 140

ZAR 99

Nigeria

NGN 3500

NGN 1600

NGN 3200

NGN 5400

NGN 4000

Kenya

KES 650

KES 300

KES 500

KES 1000

KES 700

Namibia

N$ 99

N$ 45

N$ 69

N$ 140

N$ 99

Botswana

BWP 70

BWP 36

BWP 55

BWP 110

BWP 80

Ghana

GSH 59

GSH 27

GSH 55

GSH 105

GSH 75

Tanzania

TSH 12000

TSH 7300

TSH 9800

TSH 19800

TSH 15000

Uganda

UGX 19000

UGX 11400

UGX 15200

UGX 31200

UGX 24000

Zambia

ZMW 110

ZMW 90

ZMW 70

ZMW 175

ZMW 135

Rest of Africa

USD 5

USD 3

USD 4

USD 8

USD 6

Distributed by APO Group on behalf of Showmax.

About Showmax.com:
Showmax, launched in 2015 and available in more than 40 markets across the continent, is a leading African streaming service. It offers a unique combination of original African content, first and exclusive international series, popular movies, premium documentaries, and the best kids' shows, as well as a world-first Premier League live-streaming mobile plan. 

SA ONLY: 
Get your Showmax Premier League mobile subscription for just R69 at https://apo-opa.co/4fQryD2. Capitec customers can subscribe to Showmax Premier League via their Capitec app for just R34 per month.

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Scaling up response to curb growing mpox outbreak in African region

Location: News

WHO Regional Office for Africa
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As the mpox outbreak that has affected the Democratic Republic of the Congo and spread to neighbouring countries continues to grow, World Health Organization (WHO) is intensifying support to countries to scale up measures to curb the virus and save lives.

On the advice of independent experts of the International Health Regulations Emergency Committee, WHO Director-General has determined that the upsurge of mpox constitutes a public health emergency of international concern (PHEIC). The emergence of a new strain of the mpox virus in the Democratic Republic of the Congo and its rapid spread, including to neighbouring countries, is one of the main reasons for the declaration of the PHEIC, the second such determination in two years relating to the disease.

So far this year, more than 2100 laboratory-confirmed cases and 13 deaths have been reported from 12 countries (Burundi, Cameroon, Central African Republic, Congo, Cote d'Ivoire, the Democratic Republic of the Congo, Kenya, Liberia, Nigeria, Rwanda, South Africa and Uganda) compared with 1145 confirmed cases and seven deaths in the whole of 2023 reported from 11 countries.

“We are hard at work on the frontlines of the response, collaborating closely with governments and communities to strengthen mpox control measures and are ramping up efforts to curb the widening trend of the virus through coordinated action with partners and national authorities,” said Dr Matshidiso Moeti, WHO Regional Director for Africa.

WHO is stepping up support to the affected countries by deploying additional experts, including epidemiologists and anthropologists, and providing initial funding to accelerate outbreak response measures. Efforts are also underway to enhance cross-border collaboration for case investigation, contact tracing and community engagement to ensure compliance with preventive measures.

The Organization also supporting national regulatory authorities to speed up regulatory approvals, as well as providing guidance to national immunization technical advisory groups to ensure readiness for vaccine rollout.  WHO has triggered the process for Emergency Use Listing for mpox vaccines, which will accelerate vaccine access for lower-income countries which have not yet issued their own national regulatory approval. Emergency Use Listing also enables partners including Gavi, the Vaccine Alliance, and UNICEF to procure vaccines for distribution.

Efforts are also being ramped up to strengthen national diagnostic capacities by providing testing kits and reagents and machines to decentralize testing. Genomic sequencing is also ongoing to determine the mpox clades.

To enhance preparedness in countries neighbouring the Democratic Republic of the Congo and those at risk, disease surveillance and training of frontline health workers is being stepped up as well as public awareness campaigns.

Caused by an Orthopoxvirus, mpox was first detected in humans in 1970, in the Democratic Republic of the Congo. The disease is considered endemic to countries in central and west Africa. Mpox is transmitted from animals to humans. It can also spread from humans to humans through contact with bodily fluids, lesions on the skin or on internal mucosal surfaces, such as in the mouth or throat, respiratory droplets and contaminated objects.

Distributed by APO Group on behalf of WHO Regional Office for Africa.

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

Location: Business
Ecobank Transnational Incorporated

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

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

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

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

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

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

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

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

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

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

Streaming platforms:

Distributed by APO Group on behalf of Ecobank Transnational Incorporated.

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

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

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MultiChoice Talent Factory 2025 Calls for Entries

Location: News
MultiChoice Group

MultiChoice Talent Factory (www.MultiChoice.com) is thrilled to announce that it's once again calling upon all aspiring filmmakers, scriptwriters, producers, and storytellers to apply for entry into the 2025 fully funded academic year.  

Whether you're a young professional looking to change careers and expand your horizons or a newcomer eager to make your mark in the TV & Film industry, MTF welcomes applicants from all backgrounds across the 13 countries in Africa: Nigeria, Ghana, Uganda, Kenya, Ethiopia, Tanzania, Zambia, Botswana, Namibia, Angola, Mozambique, Zimbabwe and Malawi.  

Since its inception in 2018, MTF has welcomed 60 students each year giving them an opportunity to reach their dreams and to unleash their potential by providing a platform that nurtures and develops talent across the continent, providing opportunities for growth, networking and success in the entertainment industry.

Through a series of rigorous training programs, MTF believes in using hands-on approach and mentorship from industry experts. Participants not only get a chance to sharpen their craft but also gain invaluable insights into the business of filmmaking. Imagine being chosen as one of the participants to learn from some of the industry's best minds and gaining practical experience in areas such as cinematography, sound design, editing, and more. MTF gives you all these opportunities and does not stop there.

At the end of the programme, top performing students from each academy will get further training, mentorship and internship opportunities with MTF global partners, such as the New York Film Academy (NYFA), Indian-based platform Zee World and will get an opportunity to work on productions in South Africa. Upon completion students receive accredited and recognised qualification and get a chance to produce and direct short films showcased on MultiChoice platforms. 

All these initiatives are indicative of MTFs commitment to supporting MultiChoice's content selection of delivering exciting local content, which is rich in culture. Africa has many untold stories and by investing in African talent, MultiChoice gets to uncover and showcase these stories by supporting MTFs students, giving them necessary skills and the platform to produce content that resonates with Africans and the global market. Through this support, MTF alumni's have achieved phenomenal success in their productions.

Just last year, five alumni secured nominations across three categories at the 2023 Africa Magic Viewers' Choice Awards (AMVCA). In addition to this, Many MTF alumni occupy significant industry roles across the continent, working as directors, producers, sound designers, camera operators, art directors, scriptwriters and editors on major African productions which include Salem, Tempted, Engaito, Mvamizi, Mum vs Wife, Makofi, County 49 and many others. Habtamu S. Mekonen, MTF student from the East Africa Academy in Nairobi, Kenya, recently won an International Emmy Award for a short film that he produced and directed. The success of MTF is best illustrated by the feature films produced by its students. The films highlight the talents and creativity of participants and demonstrate the programme's profound impact.

MTF also fosters entrepreneurial spirit, giving young people the confidence to start their own projects and businesses. To date, thirty of its alumni have registered production houses, creating employment opportunities and contributing to the economy. The knowledge and skills imparted by MTF empowers graduates to be catalysts for economic growth and cultural enrichment in their communities.

Applications are now open and will close on 15 September 2024. Interested candidates can visit https://apo-opa.co/4cjKojb to submit their entries and learn more about the program's requirements.

Are you ready to unleash your talent and step into the spotlight as one of the next generation of filmmakers? Don't miss out on this incredible opportunity to ignite your career in film and television with MultiChoice Talent Factory.

Take the first step towards realising your dreams and apply now.

Your journey to success starts here!

Distributed by APO Group on behalf of MultiChoice Group.

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African Energy Chamber (AEC) Condemns Dialogue Earth’s Brash Attempt to Use an African Voice to Demonize African Oil and Gas

Location: News
African Energy Chamber

Independent non-profit organization Dialogue Earth has been accused of attempting to mobilize a smear campaign against Africa's largest refinery - the 650,000 barrels per day Dangote Refinery. The NGO allegedly contacted Nigerian journalist David Hundeyin to produce an article stating that the refinery raises questions about the country's climate ambitions while assessing the implications of increased fossil fuel utilization in Nigeria. In a statement released on X, Hundeyin highlights the article for what it is: an attempt by a western NGO to use an African voice to endorse energy poverty in Africa.

Representing the voice of the African energy sector and a strong advocate for African voices, the African Energy Chamber (AEC) strongly condemns the dirty tactics employed by Dialogue Earth to hire Africans and use them to destroy their own oil and gas industry. The AEC has long-promoted the critical role oil and gas plays in driving economic development and advancing clean-fuel utilization in Africa. Projects such as Dangote – Nigeria's first large-scale refinery – stand to transform West Africa by reducing the reliance on imported fuel, increasing the availability of clean and locally-sourced petroleum while creating jobs and business opportunities. The Dialogue Earth campaign is a clear demonstration of how the west is demonizing the industry and preventing any meaningful progress to alleviate energy poverty in Africa.

Dialogue Earth allegedly offered Hundeyin USD $500 to write the article, with the brief highlighting several contradictions and areas of concern. Firstly, Dialogue Earth allegedly shared that the purpose of the article was to identify the environmental implications of the Dangote Refinery on Nigeria, particularly within the context of the country's energy transition. However, Nigeria has strongly advocated for the role oil and gas plays in its transition, advocating for a just transition whereby the country can reduce emissions in a way that protects the economy and reduces energy poverty. As one of the biggest oil producers in Africa, Nigeria considers oil and gas to be central to creating the conditions by which the country can transition. As the industry grows, it will generate revenue, strengthen economic activities while promoting low-carbon fuel production.  As such, the refinery plays an intrinsic part in the Nigerian energy transition, despite what Dialogue Earth is attempting to state.

Secondly, the brief allegedly includes objectives such as investigating the environmental consequences of the refinery within the context of its adherence to emission standards. As Hundeyin so aptly writes in his statement, Nigeria has long-faced that challenge of relying on imported petroleum, owing largely to the lack of facilities such as Dangote. This has led to West African fuel cargoes – refined internationally ­– featuring toxic waste and sulfur content that is 200 times the European legal limit. Through the Dangote Refinery, Nigeria will not only be able to reduce its reliance on imported petroleum but put in place clear restrictions regarding sulfur content, thereby promoting environmental protection. Yet Dialogue Earth doesn't seem to care about toxic fuel, only that a refinery that will transform West Africa is put to rest.

The story also aims to explore the geopolitical implications of Nigeria's growing oil industry and the motivations of the refinery. This is ironic given the lack of recognition by Dialogue Earth to the critical role the refinery plays in developing the economy, contributing to global fuel stability while strengthening the energy industry in Nigeria. This attempted smear campaign shows that NGOs such as Dialogue Earth are only advocating for climate change when it suites them and that they have no problem keeping Africa in the dark, using African voices to do so.

“The AEC fully supports Hundeyin and commends him for standing up against Dialogue Earth. We are wholly against a western NGO trying to use African voices to advance their own biased agenda. The attempt to get a well-known Nigerian journalist to effectively endorse such a smear campaign shows a cowardly approach by the western NGO to try and destroy the African oil and gas industry, all because they can't do it with their own names or organizations,” stated NJ Ayuk, Executive Chairman of the AEC. 

The recent attempt by Dialogue Earth is just one of the many attempts by western-based and funded NGOs to stop oil and gas projects in Africa. From the East African Crude Oil Pipeline in Uganda to offshore exploration in South Africa to LNG projects in Mozambique, such organizations appear committed to restricting access to energy in Africa.

“We have seen how African crude oil has been treated, how funding for Mozambique LNG has been treated, how the west has constantly attacked South Africa as it tries to develop it its natural gas and how they have constantly attacked other gas projects and cut off financing. These tactics are hurtful to African development, our fight against energy poverty and to young people that want to build strong democracies,” added Ayuk.

Distributed by APO Group on behalf of African Energy Chamber.

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African Energy Week (AEW) 2024 Launches Upstream Oil & Gas Forum Amid African Liquefied Natural Gas (LNG) Market Expansion

Location: News
African Energy Chamber

Africa's upstream oil and gas sector is attracting substantial investments, with an $800-billion capital expenditure program focusing on LNG alongside traditional deep-water oil projects currently underway. This investment cycle is expected to boost Africa's LNG production capacity at a time when global gas demand is on the rise.

Responding to this environment, African Energy Week (AEW): Invest in African Energy 2024 will host a two-day Upstream Exploration & Production (E&P) Forum spotlighting Africa's LNG prospects. The forum will feature a series of strategic sessions and presentations, highlighting major LNG and floating LNG (FLNG) developments and investment opportunities shaping the sector.

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 www.AECWeek.com for more information about this exciting event.

Mozambique is at the forefront of Africa's LNG growth, with the $20-billion Mozambique LNG project led by TotalEnergies set to produce 12.8 million tons of LNG per annum by 2028. Eni's second FLNG production project in the country – Coral Norte – and ExxonMobil's Rovuma LNG development are anticipated to reach FID by 2025. The country achieved natural gas sales of $1.7 billion in revenue in 2023, mostly driven by the start up of the Coral Sul FLNG project in November 2022.

The Nigeria LNG (NLNG) Train 7 expansion project is approaching completion, set to boost the country's LNG capacity by 35%, adding roughly 8 million tons per annum. The project is part of Nigeria's broader strategy to enhance its LNG production capabilities to meet both local and regional demand. In June 2024, the Nigerian National Petroleum Corporation signed a Project Development Agreement (PDA) with marine infrastructure company Golar LNG to deploy a FLNG vessel in the offshore Niger Delta region. The PDA plans to monetize 400-500 million standard cubic feet of gas per day, producing LNG, LPG and condensate, with FID expected by Q4 2024.

Under the Upstream E&P Forum, a session on The Demand Economics Driving the Growth of African LNG and FLNG will explore Africa's LNG portfolio, shedding light on supply and demand dynamics and future investment opportunities. Speakers will include Managing Director & General Manager of Eni Rovuma Basin Marica Calabrese, Africa Finance Corporation Vice President Taiwo Okwor, and senior representatives from Golar LNG, Angola LNG, and UTM Offshore.

In West Africa, Equatorial Guinea is also establishing itself as a major LNG player through its Gas Mega Hub (GMH) initiative, which aims to pool regional gas resources to become a central hub for gas processing, liquefaction and distribution. Last October, US oil and gas company Marathon Oil entered into an LNG sales agreement with commodity trader Glencore for Equatorial Guinea's Alba field, positioning the company for the GMH's next phase of development. Meanwhile, the Greater Tortue Ahmeyim (GTA) LNG project, spanning Mauritania and Senegal, is set to reach first production by Q4 2024, with a capacity of 2.3 million tons per year.

In southern Africa, Angola's LNG market is also growing, launching the second phase of the Falcão natural gas project last December, as well as developing the country's first non-associated gas development project in Soyo. South Africa's Virginia Phase 2 project is set to produce commercial quantities of LNG and liquid helium, with a capacity of 670,000 cubic meters of LNG per day. Meanwhile, the country's Port of Ngqura FLNG project involves the installation of a floating storage and regasification unit, gas-to-power infrastructure, cryogenic pipelines and a terminal for processing, storing, on-site exploitation and distribution of gas acquired from the country's on- and offshore fields.

A session on The Game Changer: Examining African Gas will outline Africa's natural gas reserves, production capacities, infrastructure development and export potential, highlighting potential for transitional energy, power generation and diversified growth. The session will feature senior representatives from Equatorial Guinea's national oil company (NOC) GEPetrol, Seplat Energies, and Mozambican NOC Empresa Nacional de Hidrocarbonetos.

With these developments on the horizon, Africa's leading upstream markets are positioning themselves as key players in the global LNG industry. AEW: Invest in African Energy 2024 will provide a pivotal platform for stakeholders to engage in discussions, forge partnerships and explore new opportunities within Africa's growing LNG sector.

Distributed by APO Group on behalf of African Energy Chamber.

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Cabinet welcomes ICJ advisory on Occupied Palestinian Territories

Location: News

Cabinet welcomes ICJ advisory on Occupied Palestinian Territories

Minister in The Presidency, Khumbudzo Ntshavheni, says South Africa’s Cabinet has welcomed an advisory by the International Court of Justice (ICJ) on the “legal consequences arising from the policies and practices of Israel in the Occupied Palestinian Territories”.

Ntshavheni was addressing a post-Cabinet media briefing on Thursday.

The ICJ advisory affirmed that Israel’s continued presence in the territories is unlawful under international law.

“The judgement creates an additional legal obligation for all States to end complicity in Israel’s illegal actions and to act to ensure respect for international law.

“South Africa was amongst 49 United Nations (UN) member States that delivered a statement on the matter to the ICJ in February 2024,” Ntshavheni said.

Elsewhere on the continent, the Minister said Cabinet had noted unrest in Kenya and Nigeria.

“Cabinet raised concerns with the continuing unrests in Kenya and Nigeria, and urged all parties to find urgent solutions to the plight of citizens with the high cost of living, which South Africa is not spared from,” she said.

AGOA Forum

On matters relating to the annual African Growth and Opportunity Act (AGOA) Forum held in July, the Minister said Cabinet was “appraised of the successful participation of South Africa’s delegation” at the forum held in the United States of America (USA).

She said this was a positive confirmation of good bilateral relations between South Africa and the USA.

“South Africa continues to advance a case for the renewal of the Africa Growth and Opportunity Act, which expires in 14 months, and supports calls by African Trade Ministers for the US government to do away with the annual reviews of AGOA,” she said.

UK elections

Turning to elections in the United Kingdom, Ntshavheni said Cabinet congratulated the United Kingdom on their recent elections.

“Cabinet once more congratulated Prime Minister Sir Keith Starmer of the United Kingdom and the Labour Party in their victory in the recent general elections. South Africa stands ready to work with the government of the United Kingdom to increase trade and partnership.

“Government will continue to monitor developments in other countries that are also holding elections this year,” she said. – SAnews.gov.za

NeoB
Thu, 08/08/2024 - 12:38

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Africa’s Energy Sector to Litigate Banks and Financiers for Financial Apartheid in Oil and Gas Sector

Location: News
African Energy Chamber

In recent years, several Western banks and financial institutions have implemented policies aimed at reducing support for fossil fuel projects, especially in Africa. This has led to a sharp decline in investment in the continent's oil and gas industry, a sector that is crucial for its economic future and energy needs. The African Energy Chamber (AEC) (https://EnergyChamber.org) argues that these institutions are practicing “financial apartheid,” arguing that while similar projects receive support in Europe, Africa's high-cost energy projects are being neglected.

The decline in investment is already having a noticeable impact, exacerbated by global shifts towards cleaner energy and prioritizing of ESG practices. Major international oil companies are reducing their presence in Africa. For instance, Equinor has withdrawn from offshore exploration in South Africa and ExxonMobil has exited a deep-water oil prospect in Ghana. This decline is contributing to a bleak outlook for Africa's energy sector.

“As the international community moves to boycott investments in the African energy sector, African people and African development stand to suffer,” says NJ Ayuk, Executive Chairman of the AEC. “The role of oil in Africa's energy and economic future is apparent, and consequently, should be defended as Western elites move to disrupt African progress.”

The broader implications of financial divestment are profound. Many African governments rely on fossil fuels as a cost-effective means to alleviate energy poverty and boost state revenues. However, the increasing pressure on financial institutions to cut funding for high-carbon projects creates uncertainty about the future of Africa's energy sector.

The International Energy Agency (IEA) has added to these challenges with its calls to cease funding for oil and gas projects, highlighting a disparity: while natural gas is considered a ‘green' energy source for Europe, it does not receive the same treatment in Africa. According to Ayuk, “The IEA has lost its relevance and its authority.” Originally focused on managing oil supply disruptions, the IEA now prioritizes policies aimed at achieving net-zero emissions by 2050. Its 2019 projection that no new investments in oil, gas, or coal are needed if the world continues on this path has been particularly controversial.

Several key African projects are at risk due to the withdrawal of financial support. Significant initiatives like TotalEnergies' Mozambique LNG project, ExxonMobil's Rovuma LNG project, Nigeria's Train 7 LNG expansion, Senegal's Sangomar oil field, Uganda's Tilenga project and the East African Crude Oil Pipeline (EACOP) require substantial financing to advance.

Despite these setbacks, some projects are progressing. TotalEnergies is advancing its $20 billion Mozambique LNG project, aiming to develop the Golfinho and Atum fields with a production capacity of 12.88 million tonnes per year. Eni's Coral South FLNG project in Mozambique has achieved a production capacity of 3.4 million tonnes per year. Additionally, the Greater Tortue Ahmeyim (GTA) LNG project, which started gas production in November 2022, is being developed by bp, Kosmos Energy and the national oil companies of Senegal and Mauritania. This project includes an FLNG facility with an initial capacity of 2.5 million tonnes per year.

Meanwhile Nigeria's Train 7 project, an expansion of the existing NLNG facility on Bonny Island, aims to boost production by 8 million tonnes per year, bringing the total to about 30 million tonnes per year. This development is crucial for Nigeria's growing population and its ability to meet its energy needs.

However, delays persist. The Tanzania LNG project, involving Equinor and Shell, is stalled due to proposed government changes. UTM Offshore's FLNG project in Nigeria, initially planned for 2023, has been postponed. Additionally, the EACOP faces significant criticism from financiers and environmental groups, complicating its development and financing.

Namibia, experiencing heightened interest from recent oil discoveries, is facing delays with the Kudu Conventional Gas Development. The Kudu Gas Project, an offshore initiative, has faced setbacks related to financing and project development challenges. As a result, the project is still pending FID and anticipated to commence production by 2026.

“Today, African Energy Poverty numbers are skyrocketing. Nine hundred million Africans lack access to clean cooking technologies, while 600 million lack access to electricity, most of them women. African families are facing high energy cost and inflation is going up,” Ayuk emphasizes. “It is shocking that financial institutions that do business in Africa continue to practice financial apartheid by cutting off capital and financing to oil and gas companies operating in Africa because of climate concerns. These same institutions fund gas development in Europe, where natural gas is deemed green and a fossil fuel for Africans.”

The disparity in financing not only undermines Africa's ability to harness its natural resources for its development but also perpetuates a cycle of energy deprivation. The AEC urges a re-evaluation of this approach and calls on global financiers to support Africa's energy projects, recognizing their critical role in advancing economic development, enhancing energy security, and improving living standards across the continent.

Distributed by APO Group on behalf of African Energy Chamber.

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Africa’s leading Venture Capital firm Founders Factory Africa rebrands to 54 Collective

Location: Business
54 Collective

Today, leading African venture capital firm, Founders Factory Africa (FFA), has announced its rebrand and name change to 54 Collective (https://54Collective.VC/), evolving its business model to better support transformative technology ventures across the continent through catalytic capital and value-add support through its Venture Success Platform.

Download document: https://apo-opa.co/4diDADB

54 Collective, builds on its exceptional track record of investing in and scaling early-stage ventures in Africa. The new name, 54 Collective, reflects the firm's ambitious pan-African vision, aspiring to help entrepreneurs grow their businesses to serve all 54 African countries.

The firm is a commercial-first investor and embeds impact in everything it does. 54 Collective invests in ventures from idea to Pre-Series A stage by offering catalytic capital, and value-add support through its Venture Success Platform.

"Our catalytic capital and value-add support to founders, through our Venture Success Platform, signifies our evolution and ongoing mission to support entrepreneurs across Africa and enable them to build without boundaries to drive commercial and impact returns. Our name change to 54 Collective communicates our continued commitment to African founders. We are more supportive than ever of unlocking opportunities for entrepreneurs and ensuring a level playing field for youth and women founders,” commented 54 Collective CEO Bongani Sithole.

Investment strategy

54 Collective, offers equity and non-dilutive capital up to a total of $500k, enabling founders to scale their ventures across the continent. To break barriers of access, female founders receive an additional $150k, to their male counterparts, in the form of a non-dilutive capital. 

The Venture Success Platform is made up of a team of highly experienced venture specialists who provide tailored support. This is in the form of product, growth, commercial relationships, business strategy, talent, technology and data to build ventures for scale. The team also ensures that founders have access to the right funding by preparing them for investor readiness, investor access, fundraising strategies, unlocking debt and impact capital. The Venture Success Platform empowers founders to succeed globally by facilitating networking and community building opportunities.

This unique combination of significant funding and comprehensive support distinguishes 54 Collective as the only Venture Capital firm in Africa offering early-stage founders with the highest amount of catalytic capital and support from the largest Africa-based venture capital team with over 70 staff members in Kenya, South Africa, Nigeria and the UK.

The firm has evolved from investing only in the Agtech, Fintech, and Healthtech sectors to being sector-agnostic in its investments, supporting more founders across many sectors on the continent. ​​54 Collective helps founders navigate complex challenges to achieve commercial success and make an impact on the continent through economic growth and job creation.

In 2023, Founders Factory Africa was named one of the top venture capital investors in Africa, with an active portfolio of over 50 ventures across 10 countries. To date, the firm has supported more than 70 ventures across Africa and helped its portfolio startups to raise nearly $140 million in follow-on capital.

A future of empowerment

With seven of the world's fastest-growing economies in Africa, the continent's venture capital sector is rapidly expanding, with $6 billion invested annually. However, this represents less than 1 percent of global venture funding, indicating a significant unmet need for smart capital.

“We are pursuing opportunistic investments in different sectors across the continent where there are uniquely large opportunities for startups to scale and create sustainable impact in these sectors. Our goal is to invest in 105 startups across Africa in the next five years, enabling entrepreneurs to provide solutions to the continent's biggest challenges and transforming lives and industries,” concluded Sithole.

The firm is well on its way to achieving many of its five-year goals which range from enhanced financial inclusion, improved healthcare access, and creating dignified and fulfilling work to creating a gender forward portfolio. 54 Collective is targeting a portfolio where 50% or more of its startups are founded by women. Currently, from the 17 investments made between January 2023 and July 2024 in its portfolio, 45% of them are founded by women. The firm's investments are also creating social economic impact in the wider economy. For example, Asaak, a vehicle asset financing company has improved financial inclusion for over 11,000 bodaboda drivers. An impact study uncovered that 79% of these drivers improved their quality of life significantly and 80% increased their income after receiving credit from Asaak.

Speaking on the significance of the brand evolution and future ambitions, 54 Collective's Executive Chairman and UTOPIA CEO Roo Rogers said, “54 Collective is a powerful economic and social force in the African economy. It is anchored with strong roots on the continent and exceptional network and reputation across the globe. Together with our sister funds, we continue our mission to  redistribute investment and knowledge pathways towards a more inclusive, relevant, and equitable future for the Global South.”

54 Collective's vision is to create a future where African entrepreneurship drives generational progress and prosperity across the continent. The firm's new name, catalytic capital, and value-add Venture Success Platform offering, marks a new era for the venture capital ecosystem. 54 Collective is redefining investing across Africa, enabling its founders to build without boundaries and solve some of Africa's biggest challenges.

Distributed by APO Group on behalf of 54 Collective.

For more information please contact:
Adam Wakefield - 54 Collective, Managing Editor
Tel: +27820490381
Email: adam.wakefield@foundersfactory.co

OR

David Mbai
Tel:  +254716811083
Email: 54COmms@webershandwick.com

54 Collective social media handles:
Instagram: 54collective_vc
X: 54collective_vc
​LinkedIn and Facebook: 54 Collective VC

About 54 Collective:
54 Collective  is a Venture Capital firm dedicated to redefining investing across Africa. By offering catalytic capital and value-add tailored support through its Venture Success Platform, 54 Collective empowers entrepreneurs to build without boundaries. With a presence across Africa, 54 Collective leverages local expertise to help startups scale and achieve commercial success while creating systemic social and economic impact.

Join us in this exciting journey of transforming Africa's entrepreneurial landscape. For more information, visit (https://54Collective.VC/) https://54Collective.VC/ and become a part of 54 Collective's (https://54Collective.VC/) mission to help early-stage African startups grow and thrive and ‘Build without Boundaries' to empower Africa's next generation of innovators and leaders.

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The RMB Where to Invest in Africa 2024 report highlights Africa’s top investment economies

Location: Business
Rand Merchant Bank

RMB (www.RMB.com) has released the highly anticipated 2024 edition of its Where to Invest in Africa report, a comprehensive analysis of the top investment destinations on the continent. The report, which has been developed in collaboration with the Gordon Institute of Business Science (GIBS), leverages a robust methodology that has been updated to reflect new data sources, taking into account a variety of factors that have been proven to determine a country's progress and therefore its investment potential. 

“Africa is not a country, but a vast, diverse and complex continent with different cultures, economies and investment potential. Our report therefore is not a definitive guide, but rather it is designed to provide insight to uncover the underlying drivers of a country's performance that inform its ranking. This offers invaluable insights for investors, policymakers, and business leaders looking to navigate Africa's dynamic economic landscape,” says Isaah Mhlanga, Chief Economist at RMB.  

Expanded data, extended granularity 

Investment decisions need to be viewed through both an economic performance lens and an operating environment lens. As a result, the methodology used for this edition of the Where to Invest in Africa report builds and expands on previous editions, taking into account new data sets as well as changing geopolitical and macroeconomic climates.  

The scorecard for the 2024 issue highlights 31 countries that collectively represent 92% of the continent's economic activity (measured by GDP), and more than one billion people (three quarters of the continent's population). It draws on publicly available data sets from global institutions, including the World Bank, the IMF, the African Development Bank, the United Nations, and the International Labour Organisation.  

The model is constructed from 20 metrics across four measurement pillars: economic performance and potential; market accessibility and innovation; economic stability and investment climate; and social and human development. Each metric is weighted, which translates into a weight for each pillar, and based on these metrics a standardised scorecard is produced, with rankings that enable effective comparison across Africa's complex and heterogeneous environment.  

Africa's top five investment destinations 

Combining these elements results in a ranking across the 31 countries measured. The results of the report show that the two small island economies of Seychelles and Mauritius rank first and second as the most attractive investment destinations on the continent, while the significantly larger economies of Egypt, South Africa, and Morocco rank in third, fourth and fifth places respectively. 

Seychelles leads the rankings thanks to high levels of personal freedom, human development, and a stable economic environment. Seychelles offers a unique and attractive investment climate. Despite scoring lower on economic size and potential, Mauritius is known for innovation, economic freedom, and high GDP per capita. It continues to be a top destination for investors seeking stability and growth opportunities in a well-regulated environment.  

Egypt represents Africa's largest economy by GDP (2023), offering a substantial market with diverse opportunities in sectors like technology, manufacturing, and services. Its strategic location and economic complexity further enhance its attractiveness. Despite facing significant challenges, South Africa remains a crucial hub for investment in Africa. Its robust financial sector, diverse economy, and potential for infrastructure development make it a key player. Finally, Morocco's strong performance in connectedness, innovation, and economic stability positions it as a top investment destination. Its strategic proximity to European markets adds to its appeal. 

Distilling diversity – investment archetypes explained 

Africa is an incredibly diverse continent, and no two markets are the same, which means there is no such thing as a universal success story. However, when we zoom out and view nations through the lenses of size and the relevant investability score, it becomes apparent that they fall into distinct groupings with shared traits. The 2024 edition of Where to Invest in Africa suggests five potential investment archetypes based on shared characteristics revealed through the four measurement pillars.  

‘Highflyers' represent the large, well-established economies that offer stability and a range of investment opportunities, such as Nigeria, South Africa, Egypt and Ethiopia. Those ‘Cleared for Take-off' are countries with high economic growth and innovation potential thanks to factors like a young population and abundant resources, including Senegal and Côte d'Ivoire. ‘People Potential' are markets with a young and growing demographic, creating a sizeable consumer base and a future workforce, such as Kenya, DRC and Uganda. ‘Global Connectors' are more advanced economies with a strong international presence, such as Morocco, Mauritius, Tunisia and Seychelles. ‘Low-Base Boomers' are smaller markets with high potential for explosive growth but a corresponding higher degree of risk, including Rwanda, Mozambique, and Benin. 

Additional insights unpacked

The report also highlights a number of trends across the various markets, and the role of innovation and economic complexity in driving growth is a central theme. Countries such as South Africa, Kenya, and Ghana are noted for their strides in technological innovation and diversification of their economic bases, making them attractive destinations for investment. 

The African Continental Free Trade Agreement (AfCFTA) holds significant potential for boosting intra-African trade, enhancing economic integration, and creating a more competitive continental market. Effective implementation of the AfCFTA is expected to drive economic growth and development across the continent. Africa's young and rapidly growing population also presents a unique opportunity for economic growth, with countries like Ethiopia, Tanzania, and Uganda poised to benefit from this demographic dividend, provided they can create sufficient employment opportunities and foster a conducive environment for economic participation.  

In addition, there are a number of emerging markets with significant growth potential, including Nigeria, Ghana, and Kenya. Despite facing challenges such as political instability and infrastructural deficits, these countries offer substantial opportunities due to their large and youthful populations, improving business climates, and diversification efforts. Africa's vast natural resources, including minerals and arable land, are pivotal for sustainable economic growth. However, the report cautions against the "resource curse" and underscores the importance of good governance and strategic management. Angola, Mozambique, and the Democratic Republic of Congo are highlighted for their rich resources and potential for sustainable development. 

One area that requires critical attention across the continent is the need for infrastructure investment. Improved transportation, energy, and digital infrastructure are essential for unlocking Africa's economic potential, and South Africa, Kenya, and Nigeria are identified as key markets where infrastructure development could yield significant returns. 

Beyond the rankings – a deeper look at African investment 

Looking beyond metrics and scorecards, Africa holds massive potential but equally faces numerous challenges. The continent is rich in natural resources, which can be a major driver of economic growth, but they also present challenges in the form of corruption and environmental degradation. Increased activity around trade agreements can open new markets for foreign investors and boost economic activity, but lack of adequate infrastructure is a major hurdle for many African economies. Investment in this space will improve connectivity and create new opportunities, while rapid and increasing urbanisation will prove attractive to investors in consumer goods, retail, and financial services. Finally, countries in Africa are embracing new technologies, leapfrogging traditional development stages and creating new investment opportunities in the tech sector. 

“The richness of Africa's diversity makes fully analysing its nuance and contrast a challenging task, but an important one when it comes to understanding the varied markets that make up this vast regional economy. The 2024 RMB Where to Invest in Africa report aims to develop a balanced, robust and actionable view of the drivers, challenges and opportunities that characterise each of the 31 African markets included in the analysis,” Mhlanga concludes.  

Download the full report here to uncover the insights and drive more informed investment decisions. 

Distributed by APO Group on behalf of Rand Merchant Bank.

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Breaking Down Borders Africa TV series set to launch on SABC 1

Location: Entertainment, MyPR

Paul Modjadji’s 10 country African tour is chronicled in an enthralling new fourteen-part travelogue on SABC 1. Covering countries including Zambia, Namibia, Tanzania, Kenya, Nigeria and Senegal, the documentary follows Modjadji as he explores Africa’s rich youth and dance culture. Each episode serves up a kaleidoscope of experiences showcasing Africa’s leading landmarks and heritage sites …

Read moreBreaking Down Borders Africa TV series set to launch on SABC 1

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

Location: News

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

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

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

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

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

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

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

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

Distributed by APO Group on behalf of Afreximbank.

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

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

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

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

For more information, visit: www.Afreximbank.com

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ABOUT BUREAU VERITAS: 
Bureau Veritas is a world leader in inspection, certification, and laboratory testing services with a powerful purpose: to shape a world of trust by ensuring responsible progress. With a vision to be the preferred partner for customers' excellence and sustainability, the company innovates to help them navigate change. 

Created in 1828, Bureau Veritas' 83,000 employees deliver services in 140 countries. The company's technical experts support customers to address challenges in quality, health and safety, environmental protection, and sustainability. 

Bureau Veritas is listed on Euronext Paris and belongs to the CAC 40 ESG, CAC Next 20, SBF 120 indices and is part of the CAC SBT 1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol: BVI. 

For more information, visit www.BureauVeritas.com, and follow us on LinkedIn (http://apo-opa.co/3A5IN2V) and X/Twitter (http://apo-opa.co/4dcXpwg). 

The head office for Bureau Veritas Middle East, Caspian & Africa region is based in Dubai, For more information, www.BureauVeritas.Africa  or  www. Middle-East.BureauVeritas.com/ 

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

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

Location: News

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

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

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

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

Key highlights of the visit included:

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

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

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

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

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

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

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

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Chair of the Subcommittee on Prevention of Torture Presents Annual Report to the Committee against Torture

Location: News

Office of the UN High Commissioner for Human Rights (OHCHR)
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The Chair of the Subcommittee on Prevention of Torture this morning presented the Subcommittee's seventeenth annual report to the Committee against Torture.

Suzanne Jabbour, Chairperson of the Subcommittee on Prevention of Torture, said that in 2023, the landscape within which the Subcommittee and the Committee operated had been significantly shaped by conflict, yet the commitment to the prevention of torture remained resolute. In 2023, the Subcommittee conducted eight official visits to the Philippines, Georgia, Guatemala, State of Palestine, Croatia, Madagascar, Kazakhstan and South Africa.

In 2024, the Subcommittee had already conducted visits to Gabon, Albania, Honduras and Mongolia, and planned to extend its efforts to Bolivia, Democratic Republic of the Congo, Greece and Nigeria throughout the rest of the year. Despite these efforts, the Subcommittee faced notable operational challenges, primarily stemming from resource limitations, as well as the prevailing liquidity crisis at the United Nations. The exchange of information between the Subcommittee and the Committee was a vital lifeline that enhanced operational efficiency.

In the ensuing discussion, Committee Experts asked about the impact of states of emergency and armed conflict on the work of the Committee, as well as how to encourage States to commit themselves to the principle of transparency.

The Committee against Torture will next meet in public this afternoon on Tuesday, 23 July at 4 p.m., for a follow-up discussion on articles 19 and 22 and on reprisals.

Statement by the Chair of the Subcommittee on Prevention of Torture

SUZANNE JABBOUR, Chairperson of the Subcommittee on Prevention of Torture, said the session this year took place in a year of special significance, the celebration of the fortieth anniversary of the Convention against Torture. In 2023, the landscape within which the Subcommittee and the Committee operated had been significantly shaped by conflict, yet the commitment to the prevention of torture remained resolute. Throughout the year, the Subcommittee had expanded its reach within the framework of the Optional Protocol to the Convention, with the accession of Côte d'Ivoire and the ratification by Slovakia, increasing the number of States parties to 93.

In 2023, the Subcommittee conducted eight official visits to the Philippines, Georgia, Guatemala, State of Palestine, Croatia, Madagascar, Kazakhstan and South Africa. These missions allowed the Subcommittee to identify repetitive issues and advocate for necessary reforms, including the establishment of national preventive mechanisms, actions to reduce prison overcrowding, and the modernisation of prison systems. In 2024, the Subcommittee had already conducted visits to Gabon, Albania, Honduras and Mongolia, and planned to extend its efforts to Bolivia, Democratic Republic of the Congo, Greece and Nigeria throughout the rest of the year.

During its visits in 2023, the Subcommittee had conducted more than 1,100 interviews with more than 3,500 persons, including detainees, officials, law enforcement personnel, and medical staff. The Subcommittee's approach was informed by the particular cultural, socio-economic, and institutional contexts of each country, enabling the Subcommittee to tailor advice to the different authorities. Despite these efforts, the Subcommittee had faced notable operational challenges, primarily stemming from resource limitations, as well as the prevailing liquidity crisis at the United Nations. Ms. Jabbour was pleased to have been informed that the Subcommittee would be able to proceed with planned missions to Nigeria, Democratic Republic of the Congo and Greece, as well as their third session.

Although not without challenges, the Subcommittee's visits yielded promising direct outcomes. During the recent visit to Honduras, the Subcommittee witnessed deeply troubling conditions in places of deprivation of liberty. While, the outlook was challenging, the Subcommittee's presence acted as a catalyst, possibly accelerating the appointment of the remaining commissioners of the national preventive mechanism. To provide comprehensive insights into the operational challenges, this year's report included annexes that addressed specific inquiries raised by national preventive mechanisms.

The Subcommittee continued to foster relationships with various United Nations bodies, regional organizations, and civil society stakeholders to bolster efforts in torture prevention. Notably, collaboration extended to the Global Alliance of National Human Rights Institutions during the International Conference on the Prevention of Torture held in Copenhagen. The publication of the Subcommittee's general comment no.1 on article 4 of the Optional Protocol to the Convention, adopted during their June session, would provide much-needed clarity to ensure comprehensive access for monitoring bodies, including national preventive mechanisms, in gaining access to places of deprivation of liberty.

The exchange of information between the Subcommittee and the Committee was a vital lifeline that enhanced operational efficiency. This synergy was further magnified by the Committee's role in advocating for the ratification of the Optional Protocol and the establishment of national preventive mechanisms by States. The expected adoption of the resolution by the Chairs of the treaty bodies this December to endorse the strengthening process would highlight the shared leadership between the Committee and the Subcommittee. Ms. Jabbour reasserted the Subcommittee's dedication to this cooperation and to the common goal, to prevent, and ultimately end, the use of torture and all forms of ill treatment.

Questions by Committee Experts

A Committee Expert said the Committee noted with appreciation the report of the Subcommittee and the publication of the general comment, clarifying the concept of places of deprivation of liberty. Effective coordination between the Committee and the Subcommittee was of vital importance. Transparency constituted a measure to prevent the risk of torture. The report indicated that by the end of 2023, 52 of the 82 visit reports had been made public, a total of 63 per cent. It was important to continue efforts to remain seized of this matter. Did the Subcommittee have further guidance to enhance commitments of States parties to upscale their efforts to commit themselves to the principle of transparency?

CLAUDE HELLER, Committee Chairperson, thanked Ms. Jabbour for presenting the report, which contained a great deal of substantive information. The report outlined the constraints being faced by the Committee and Subcommittee. The Committee and the Subcommittee played a pivotal role despite prevailing challenges. It was positive that the Subcommittee would be able to undertake a series of visits this year and hold their November session. This year, the Committee was commemorating the fortieth anniversary of the Convention. The issue of ratifications of the Optional Protocol should be highlighted. It was important that countries established national preventive mechanisms and facilitated visits to places of detention.

When the Subcommittee visited a State where there was a state of emergency in place, had they faced restrictions on their visits to places of detention? Many of the treaty bodies had been advocating for appropriate resources in light of the backlog of reports which needed to be reviewed by the Committees. How had this affected the Subcommittee with delays in conducting visits?

A Committee Expert said there were more than 100 armed conflicts in the world today. Could the Subcommittee work in the difficult circumstances of an armed conflict? Could they still undertake visits and visit detainees?

Responses by the Chair of the Subcommittee

SUZANNE JABBOUR, Chairperson of the Subcommittee on Prevention of Torture, said the work of the Subcommittee was built with the State on the principle of confidentiality. The presence of national preventive mechanisms could be a great added value to push for the publications of reports. The Subcommittee tried to have synergy with the national preventive mechanisms; they were their partners on the ground. Currently, States were less interested in human rights, particularly on issues relating to torture prevention. Other actors could also support the work of the Subcommittee, including the national human rights institutions.

The Subcommittee had faced the state of emergency issue in Palestine, where they had engaged with the authorities and the de-facto authorities. The Subcommittee had the obligation to respect how the United Nations engaged with de-facto authorities. Based on this, the Subcommittee failed to visit Gaza. The armed conflicts around the world put further responsibility on the Subcommittee. Because the Subcommittee had a proactive mandate, it believed that during armed conflicts, lifesaving actions were a priority, rather than preventive actions.

Distributed by APO Group on behalf of Office of the UN High Commissioner for Human Rights (OHCHR).

Read moreChair of the Subcommittee on Prevention of Torture Presents Annual Report to the Committee against Torture

Africa – Unfinished business: only urgent and accelerated delivery of HIV services will keep the promise of ending AIDS in children by 2030

Location: News

United Nations Children’s Fund (UNICEF)
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Despite progress made in reducing HIV infections and AIDS-related deaths among children, a new report released today by the Global Alliance for Ending AIDS in Children by 2030 shows that an urgent scale up of HIV services in countries worst affected by the pandemic is required to end AIDS by 2030.

The report, Transforming Vision Into Reality, shows that programmes targeting vertical transmission of HIV have averted 4 million infections among children aged 0-14 years old since 2000. Globally, new HIV infections among children aged 0-14 years old have declined by 38 per cent since 2015 and AIDS-related deaths have fallen by 43 per cent.    

Among the 12 Global Alliance countries, several have achieved strong coverage of lifelong antiretroviral therapy among pregnant and breastfeeding women living with HIV, with Uganda nearing 100 per cent, United Republic of Tanzania at 98 per cent, and South Africa at 97 per cent. Mozambique has achieved 90 per cent coverage, with Zambia at 90 per cent, Angola at 89 per cent, Kenya at 89 per cent, Zimbabwe at 88 per cent, and Cote d'Ivoire at 84 per cent.

“I applaud the progress that many countries are making in rolling out HIV services to keep young women healthy and to protect babies and children from HIV,” said UNAIDS Executive Director, Winnie Byanyima. “With the medicines and science available today, we can ensure that all babies are born – and remain – HIV-free, and that all children who are living with HIV get on and stay on treatment. Services for treatment and prevention must be ramped up immediately to ensure that they reach all children everywhere. We cannot rest on our laurels. The death of any child from AIDS related causes is not only a tragedy, but also an outrage. Where I come from, all children are our children. The world can and must keep its promise to end AIDS in children by 2030.”

Global Alliance countries are innovating to overcome barriers and accelerate progress towards ending AIDS in children. However, despite advances neither the world nor Global Alliance countries are currently on track to reach HIV-related commitments for children and adolescents and the pace of progress in preventing new HIV infections and AIDS-related deaths among children has slowed in recent years.

“Accelerating the delivery and uptake of HIV services for children and adolescents is a moral obligation, and a political choice,” said Dr Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization. “Twelve countries are demonstrating they have made that choice, but significant challenges remain. While we have made progress in increasing access for pregnant women to testing and treatment to prevent vertical transmission of HIV, we are still far from closing the paediatric treatment gap. We need to further strengthen the collaboration and reach of the Global Alliance, and we must do this work with focus, purpose and in solidarity with all affected mothers, children, and adolescents.”

Around 120 000 children aged 0-14 years old became infected with HIV in 2023, with around 77 000 of these new infections occurring in the Global Alliance countries. AIDS-related deaths among children aged 0-14 years old numbered 76 000 globally with Global Alliance countries accounting for 49 000 of these unnecessary deaths. Vertical transmission rates remain extremely high in some locations, particularly in Western and Central Africa, with rates exceeding 20 per cent in countries including Nigeria and the Democratic Republic of the Congo.

“In the fight against HIV, we must do a much better job for children,” said Peter Sands, Executive Director of the Global Fund to Fight AIDS, Tuberculosis and Malaria, which provides funding for HIV programmes in over 100 countries through a country-led partnership model. “In support of national programmes, we have been procuring the latest dolutegravir-based paediatric treatment regimens at negotiated prices. Our investments in laboratory systems are helping ensure exposed infants are rapidly tested and that those that test positive are quickly initiated on age-appropriate antiretroviral treatment. Differentiated testing and treatment approaches are helping close the diagnostic gap and ensuring more child-centred service delivery.”

It is concerning that the treatment gap between adults and children continues to widen.

“Just 57 per cent of children living with HIV receive life-saving treatment, compared to 77 per cent of adults,” said UNICEF Associate Director HIV/AIDS, Anurita Bains. “Without early and effective testing and treatment, HIV remains a persistent threat to the health and well-being of children and adolescents and puts them at risk of death. To close the treatment gap, we must support governments to scale up innovative testing approaches and ensure children and adolescents living with HIV receive the treatment and support they need.”

In 2023, there were 210 000 new infections globally among young women and girls aged 15—24 years old (130 000 in Global Alliance countries), four times higher than the 2025 goal set at 50 000. Preventing new infections among this age group is critical both to protect the health and wellbeing of young women and to reduce the risk of new infections among children.

Gender inequalities and human rights violations are increasing women's vulnerability to HIV and diminishing their ability to access essential services. Globally, nearly one in three women have encountered some form of violence during their lifetime, with adolescent girls and young women disproportionately affected by intimate partner violence. In the four Global Alliance countries with available data, countries are not currently on track to achieve the target of ensuring that by 2025 less than 10 per cent of women, key populations and people living with HIV experience gender-based inequalities and gender violence.

"It has been remarkable to see how many more children's lives can be saved when all stakeholders and partners come together to commit to end AIDS in children. While much progress has been made, notably through the successful introduction of pediatric dolutegravir, large gaps still remain across the pediatric cascade and we must recommit ourselves with purpose and innovation to fulfill the promises we have made by 2025 and beyond,” said Ambassador John N. Nkengasong, United States Global AIDS Coordinator and Special Representative for Global Health Diplomacy.

The Global Alliance for Ending AIDS in Children by 2030 was launched in 2022 by WHO, UNICEF and WHO to reinvigorate the paediatric HIV agenda. It has now grown, and in addition to the United Nations agencies, the alliance includes civil society movements, including the Global Network of People living with HIV, national governments in the most affected countries, and international partners, including PEPFAR and the Global Fund. Twelve countries are members: Angola, Cameroon, Côte d'Ivoire, The Democratic Republic of the Congo (DRC), Kenya, Mozambique, Nigeria, South Africa, Tanzania, Uganda, Zambia, and Zimbabwe. 

Distributed by APO Group on behalf of United Nations Children’s Fund (UNICEF).

Read moreAfrica – Unfinished business: only urgent and accelerated delivery of HIV services will keep the promise of ending AIDS in children by 2030

PalmPay Named Among Top 250 Fintech Companies in the World by CNBC and Statista

Location: Business
PalmPay

PalmPay (www.PalmPay.com), a leading Africa-focused fintech platform, has been included in the 2024 edition of CNBC and Statista's prestigious list of the “Top 250 Fintech Companies in the World.” This recognition underscores PalmPay's rapid growth and significant contributions to advancing financial inclusion.

The CNBC/Statista list honours fintech pioneers significantly transforming the financial services industry through technology. More than 2000 companies were evaluated globally based on general and sector-specific KPIs to determine the final selection. In 2024, some of the most influential fintechs in the world were included in the list, including Alipay, Nubank, Monzo, and Revolut. Six other African firms made the list: Flutterwave (Nigeria/US) – Payments; Kuda (Nigeria/UK) – Neobanking; MTN (South Africa) – Payments; Piggyvest (Nigeria) – Financial planning; and Yoco (South Africa) – Payments.

PalmPay has developed an integrated platform that caters to consumers and businesses in the African market. The startup, which has been operating since 2019, pioneered a unique model in Nigeria that provides financial services such as money transfers, bill payment, credit services and savings via a one-stop-shop fintech ‘superapp' and mobile money agents.

This dual approach of easy-to-use digital banking, combined with offline touchpoints for those without smartphones, has contributed to driving financial inclusion in a market where more than 40% of adults remain unbanked.

In 2023, PalmPay announced a major milestone of reaching 30 million registered users on its smartphone apps and 1.1 million businesses in its network of mobile money agents and retail merchants. A third of PalmPay customers report that the platform was their first-ever financial account.

PalmPay has quickly grown to become a market leader in Nigeria thanks to its user-friendly interface, reliable transactions, and focus on driving market share through fee-free transfers and promotions. PalmPay processes 15 million transactions on its consumer app daily and maintains a 99.5% transaction success rate.

To achieve this scale in a market where 10% transaction failure rates were common, the company built out its payment infrastructure, channel integrations and transaction routing systems. In addition to its consumer wallet, PalmPay offers services to businesses that leverage the PalmPay platform via its suite of POS machines, APIs and checkout solutions.

"It's an honour for PalmPay to be recognised by CNBC and Statista as one of the World's Top Fintech Companies," said Sofia Zab, Global CMO, "This recognition validates our unique approach to financial services and our commitment to driving financial inclusion. We are actively expanding PalmPay's reach and offerings, ensuring more people have access to essential financial services and promoting economic development in emerging markets"

PalmPay operates in several key markets across Africa, including Nigeria, Ghana and Tanzania, with plans to expand further in the region and other emerging markets. The company has global HQs in China and London.

For more information, visit www.PalmPay.com

Distributed by APO Group on behalf of PalmPay.

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

Location: News
African Development Bank Group (AfDB)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Discover the power of colour in a lively collaboration between interior experts and Plascon at Decorex Joburg

Location: MyPR

In one of the hottest collaborations at Decorex Joburg, top local interior designers are partnering with Plascon to demonstrate how colour can make or break a space. Gauteng-based designers GLE Interiors, Living Inspired Interiors and Ndibali Interior Designs are bringing fresh creative energy to the show with their Plascon Colour Design Pods. Taking to the …

Read moreDiscover the power of colour in a lively collaboration between interior experts and Plascon at Decorex Joburg

African Players, Coaches, and Referees to Participate in the National Basketball Association (NBA) 2K25 Summer League

Location: News

Basketball Africa League (BAL)
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Twenty-Five Basketball Coaches from 15 African Countries Selected for NBA 2K25 Summer League; Five Players Who Featured in the 2024 BAL Season (https://BAL.NBA.com/) to Compete in Las Vegas.

Twenty-five basketball coaches from 15 African countries have been selected to participate in the NBA 2K25 Summer League which will take place in Las Vegas, Nevada from July 12 -22, 2024.  The selected coaches form part of the Africa Coaches Program, which builds on NBA Africa's and Basketball Africa League's (BAL) commitment to building capacity and expertise of coaches from across the continent, improving the quality of the on-court product, and contributing to the continued growth of basketball on the continent.  Eight of the coaches represent teams that have participated in the BAL.

Please see below for some of the notable storylines, followed by the full roster of the African coaches, players, and referees who will take part in the Summer League.

African Coaches Program

Building Continuity

  • Six teams that took part in the 2024 BAL season will have at least one coach participating – Al Ahly (Egypt), Bangui Sporting Club (Central Africa Republic) City Oilers (Uganda), FUS de Rabat (Morocco), Rivers Hoopers (Nigeria), and US Monastir (Tunisia). 
  • Sixteen of the 24 coaches will take part in the Africa Coaches Program for the first time.
  • Rivers Hoopers head coach Ogoh Odaudu was named 2024 BAL Coach of the Year and led his team to a third-place finish this season.  Rivers Hoopers' head coach since 2009, Odaudu coached the team to five Nigerian Premier League titles.  Since 2019, Odaudu has been a member of the coaching staff on the Nigerian national team. 
  • Two coaches – Francois Enyegue (Cameroon; San Antonio Spurs) and Emmanuel Mavomo (Democratic Republic of the Congo; Milwaukee Bucks) – return to the Summer League for a third consecutive year.  Last year, they coached with the Orlando Magic and Utah Jazz, respectively.  Enyegue is currently the head coach of Bangui Sporting Club (Central Africa Republic) and served as head coach of Team Africa & Middle East Girls at the Jr. NBA Global Championship in 2018.  Mavomo is NBA G League's Austin Spurs assistant coach and served as an assistant coach of Paris Basketball and BC Espoir Fukash during the 2022 BAL season.

Empowering the Next Generation

  • Three players with BAL experience who have decided to take up a career in coaching will be part of this year's program.  John Wilkins (Rivers Hoopers), Mohamed Gaddour (US Monastir), and Radouane Slimane (US Monastir) will respectively join the Phoenix Suns, Los Angeles Clippers, and Miami Heat.

NBA Academy Africa Well-Represented

  • NBA Academy Africa players development coaches Goitsemang Ditsheko (South Africa) and Karim Nesba (Morocco) will coach with the Houston Rockets and the Sacramento Kings respectively.  Based at the NBA Academy Africa in Saly, Senegal since 2022, Ditsheko is part of the academy coaching staff who worked with NBA Academy Africa's first NBA draftee, Cameroon's Ulrich Chomche, selected with the number 57 overall by the Memphis Grizzlier and traded to the Toronto Raptors in the 2024 NBA Draft.  While enrolled at NBA Academy Africa, Chomche competed in the BAL as part of the BAL Elevate program, representing Rwanda Energy Group Basketball (REGBBC) in 2023 and Cameroon's Forces Armées et Police (FAP) in 2022.  Karim Nesba is a former AS Salé and Morocco National Team player.  He coached the Uganda City Oilers in the 2024 BAL season and the BAL Select Team at Quai 54 this summer.  NBA Academy Africa Alumni Ibou Badji (Senegal) and Babacar Sané (Senegal) will be playing with the Milwaukee Bucks and Utah Jazz respectively. Badji who signed a two-way contract with Portland Trail Blazers last season, played 22 games in the 2023-24 NBA season. Sané former BAL Elevate player has played with the G League Ignite since 2022.

Female Participants

  • For the first time, three female coaches will participate in the Africa Coaches Program – Sofia Bey (Morocco; Sacramento Kings), Aliaa Mahmoud Mohamed (Egypt; Washington Wizards), Ruth Bibeyi (Gabon; Los Angeles Lakers).  They join the Africa Coaches Program as part of NBA Africa's and the BAL's efforts to provide more opportunities for women in basketball.  
  • Sofia Bey (Morocco, Sacramento Kings) is the head coach of Wydad Athletic in Morocco.  Bey participated 2022 FIBA Africa Regional Youth Camp and was selected for the FIBA Young Coach program in 2015.
  • Ruth Bibeyi (Gabon; Los Angeles Lakers) was the head coach of Espoir Basket Club (Gabon) which participated in Road to the BAL 2023.  Aliaa Mahmoud (Egypt, Washington Wizards) was the assistant coach of FIBA U19 Women's Basketball World Cup 2023.

Please see below for the complete list of African coaches participating in the NBA 2K25 Summer League and the NBA teams coaching staff they have joined.

First name

Last name

Country of origin

NBA Team

Mohamed Lamine

Kriedeche

Algeria

New Orleans Pelicans

Stef

Pare

Burkina Faso

Orlando Magic

Francois

Enyengue

Cameroon

San Antonio Spurs

Victor

Samnick

Cameroon

Denver Nuggets

Pierrot

Ilunga

Democratic Republic of the Congo

Toronto Raptors

Emmanuel

Mavomo

Democratic Republic of the Congo

Milwaukee Bucks

Ahmed

Elgarhi

Egypt

Minnesota Timberwolves

Alia

Mahmoud

Egypt

Washington Wizards

Ruth

Bibeyi

Gabon

Los Angeles Lakers

Ahmed

Salam

Morocco

Atlanta Hawks

John

Wilkins

Morocco

Phoenix Suns

Sofia

Bey

Morocco

Sacramento Kings

Karim

Nesba

Morocco

Sacramento Kings

Leonel

Manhique

Mozambique

Brooklyn Nets

Ogoh

Odaudu

Nigeria

Cleveland Cavaliers

Mohamed

Abdulrahman

Nigeria

Utah Jazz

Mugisha Igor

Keys

Rwanda

Boston Celtics

Prosper

Naci

Rwanda

Philadelphia 76ers

Matar

Mbodji

Senegal

Chicago Bulls

Goitsemang

Ditsheko

South Africa

Houston Rockets

Akech Wuoi Garang

Ajak

South Sudan

New York Knicks

Bechir

Hadidane

Tunisia

Memphis Grizzlies

Mhamed

Gaddour

Tunisia

Los Angeles Clippers

Radouane

Slimane

Tunisia

Miami Heat

Andrew

Senyondwa

Uganda

Trailblazers Portland

BAL Season 4 Players*

Five players who played in the 2024 BAL season are set to feature in this year's Summer League: Jo Lual-Acuil Jr. (South Sudan; Sacramento Kings), Samkelo Cele (South Africa; New York Knicks), Obadiah Noel (USA; New York Knicks) Devine Eke (Nigeria, Milwaukee Bucks), and Makhtar Gueye (Senegal; Atlanta Hawks).

  • Lual-Acuil Jr. averaged 21.1 points, 9.9 rebounds, and 1.6 blocks during the last BAL season, helping Al Ahly Ly (Libya) to the 2024 BAL Finals.  Lual-Acuil Jr. won the Hakeem Olajuwon Trophy as the 2024 BAL Most Valuable Player and the Dikembe Mutombo Trophy as the Defensive Player of the Year.  Lual-Acuil Jr. also emerged as the 2024 BAL Scoring Champion and was named to the 2024 All-BAL First Team and the All-BAL Defensive Team.
  • Cele averaged 20.2 points per game and finished second in scoring in the league.  He led South Africa's Cape Town Tigers to the semifinals and was named to both the 2024 All-BAL First Team and All-Defensive Team.
  • Obadiah averaged 19.4 points and 4.2 rebounds per game with Armée Patriotique Rwandaise basketball (APR; Rwanda) in the Sahara Conference last season.
  • Eke registered 16.6 points and 11.3 rebounds per game, leading Nigeria's Rivers Hoopers to third place in the last BAL season.
  • Gueye represented Burundi's Dynamo Basketball Club in the inaugural Kalahari Conference last season.
  • Cele and Gueye were part of the BAL Select team that featured at the 2024 Quai 54 Streetball Tournament, the world's biggest streetball tournament in Paris, France, last month.

*Rosters are subject to change.

Referees with BAL Experience

Five referees who officiated in the 2024 BAL season will also join the program, including Annie Joyce Muchenu (Zimbabwe).  Muchenu became a FIBA international referee in September 2008 and was appointed to officiate at the FIBA Women's Champions Cup in Nairobi, Kenya the same year.  She has since officiated at major competitions on the African continent including junior and senior tournaments but has also officiated at two All Africa Games (2011 and 2015), three FIBA U-17 World Cups, two FIBA U-19 World Cups, pre-Olympic Qualifiers and the 2018 Commonwealth Games in Gold Coast, Australia, and the BAL since the beginning of the competition.  

Please see below the complete list of African referees:

NAME

COUNTRY

Oumar Sy

Mauritania

Yann Davidson

Madagascar

Annie Joyce Muchenu

Zimbabwe

Vitalis Gode

Kenya (Referee Supervisor)

Silver Houngbedji

Benin

Distributed by APO Group on behalf of Basketball Africa League (BAL).

Read moreAfrican Players, Coaches, and Referees to Participate in the National Basketball Association (NBA) 2K25 Summer League

Protea Hotels by Marriott Strengthens Footprint with Two New Openings

Location: News
Marriott International, Inc.

To celebrate its 40th birthday, Protea Hotels by Marriott announced the opening of its first property in Angola while further strengthening its portfolio in South Africa with a new property in Pretoria. The newest additions – Protea by Marriott Luanda and Protea by Marriott Pretoria Hatfield – will offer business and leisure travellers the chance to experience the vibrant local cultures and warm hospitality, along with exceptional accommodation, modern amenities and world-class service.

Protea Hotels by Marriott, part of Marriott Bonvoy's distinguished portfolio of over 30 extraordinary brands, has grown significantly since its founding in July 1984. Starting with just four hotels in South Africa, the brand now boasts over 60 properties throughout South Africa and eight other African countries, including Botswana, Malawi, Namibia, Nigeria, Tanzania, Uganda, Zambia, and now Angola. This extensive footprint across primary and secondary business centres and desirable leisure destinations makes Protea Hotels by Marriott a popular choice for travellers exploring Africa.

Sandra Schulze-Potgieter, Vice President of Premium & Select Brands, Europe, Middle East, and Africa, Marriott International, said, “This month we celebrate four decades of exceptional service and genuine African hospitality. What better way to commemorate this milestone than by further strengthening Protea Hotels' legacy with our first hotel in Angola and the ongoing expansion of the brand in South Africa. Both properties will combine contemporary comfort with a deep appreciation for local culture and heritage, offering guests a unique and enriching stay.”

Protea by Marriott Luanda

Protea Hotels by Marriott makes its debut in Angola with the opening of Protea by Marriott Luanda. Situated between the city centre of Luanda and Talatona, the new hotel offers proximity to a wide range of business, sports and private event destinations, as well as leisure retreats near the sea. The hotel interior creates a comfortable ambience across its public space and 84 guestrooms and suites, using contemporary furniture in African-styled terracotta colour and furnishings made with locally sourced materials. Guests can also admire the paintings by Guilherme Mampuya, a renowned Angolan artist based in Luanda. Culinary offerings include Múcua, an all-day restaurant serving up a modern fusion of Portuguese and Angolan cuisines, and a rooftop bar where guests can unwind with drinks and light bites against panoramic views of the surrounding area. Other facilities include a fully equipped gym and an outdoor pool with a waterfall.

Protea by Marriott Pretoria Hatfield

Protea by Marriott Pretoria Hatfield is strategically located in Hatfield, one of the most sought-after areas in Pretoria, providing business and leisure travellers with easy access to diplomatic, government and corporate offices as well as shopping centres, entertainment destinations and sporting facilities. The hotel features 203 contemporary guestrooms designed for comfort and style. Guests can enjoy a memorable dining experience at The African Restaurant and Bar, which dishes up a fusion of global and African cuisines. A cosy 30-seater bar provides a relaxing space to unwind, while five state-of-the-art conference venues cater to both large-scale and intimate gatherings.

Distributed by APO Group on behalf of Marriott International, Inc..

About Protea Hotels by Marriott:
Protea Hotels by Marriott® is the leading hospitality brand in Africa and it is one of the most widely recognized brands on the continent with over 60 hotels across nine countries including South Africa, Zambia, Nigeria, Namibia, Botswana, Tanzania, Uganda, Malawi and Angola.  Protea Hotels by Marriott® is ideal for both business and leisure travellers by offering properties in primary and secondary business centres and desirable leisure destinations. Each hotel offers modern facilities, proactive and friendly service and consistent amenities such as full-service restaurants, meeting spaces, complimentary Wi-Fi, and well-appointed rooms, ensuring global standards for a high quality, relaxed and successful stay.

About Marriott Bonvoy®:
Marriott Bonvoy, Marriott International's portfolio of more than 30 hotel brands and 10,000 global destinations, offers renowned hospitality in the most memorable locations around the world. The award-winning travel program and marketplace gives members access to transformative, eye-opening experiences around the corner and across the globe. To enroll for free or for more information about Marriott Bonvoy, visit http://apo-opa.co/3LgyVpn. To download the Marriott app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, X, Instagram, and TikTok.

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The National Basketball Association (NBA) and the International Basketball Federation’s (FIBA) Basketball Without Borders Africa Camp to Return to South Africa for 20th Edition

Location: Sport
National Basketball Association (NBA)

The National Basketball Association (NBA) (www.NBA.com) and the International Basketball Federation (FIBA) today announced that the 20th edition of Basketball Without Borders (BWB) Africa will be held at the American International School of Johannesburg from Saturday, Aug. 3 – Tuesday, Aug. 6, marking the 16th time that the NBA and FIBA's global basketball development and community outreach program will be held in South Africa.  BWB Africa camps have also been held in Dakar, Senegal (2010 and 2019), Luanda, Angola (2016) and Cairo, Egypt (2022).  

BWB Africa 2024 will bring together 30 boys and 30 girls from more than 20 African countries to learn directly from current and former NBA, WNBA and FIBA players, legends and coaches and compete alongside their peers from across the continent.  The campers and coaches, who will be announced prior to the camp, will also take part in life-skills, leadership development and NBA Cares programming.

“Bringing Basketball Without Borders back to South Africa for its milestone 20th edition reflects the incredible momentum we're seeing for basketball in the country,” said NBA Africa CEO Clare Akamanzi.  “We look forward to welcoming some of the most talented boys and girls from across the continent for four days of high-level basketball training, competition, and leadership development that will have a lasting impact on their on-court and personal journeys.”

“Basketball Without Borders continues to be a real lever for basketball on the continent,” said FIBA Africa Executive Director Alphonse Bilé.  “As part of our ongoing collaboration with the NBA in Africa, which also includes the Basketball Africa League (BAL), BWB continues to elevate our sport and provide invaluable opportunities and experiences for African youth and coaches, both on-and-off the court.  I would like to extend my thanks to NBA Africa and wish all the participants a rewarding and successful camp.” 

BWB Africa 2024 will be supported by Nike, a global partner of BWB since 2002, which will outfit participants with Nike apparel and footwear, and Gatorade, which will keep players and coaches hydrated throughout the camp.

Forty-one former BWB campers were among the record 125 international players (https://apo-opa.co/3LfzKib) on opening-night rosters for the 2023-24 NBA season, including 2022-23 Kia NBA Most Valuable Player (MVP) Joel Embiid (Philadelphia 76ers; Cameroon; BWB Africa 2011), who became the first former BWB camper to be named NBA MVP, and 2019 NBA champion Pascal Siakam (Indiana Pacers; Cameroon; BWB Africa 2012).  In total, 13 former BWB Africa campers have been drafted into the NBA since the first BWB Africa camp in 2003, including Ulrich Chomche (Cameroon), who was selected 57th overall by the Toronto Raptors in the 2024 NBA Draft last month.  Sixty-three former BWB Africa campers have also been featured on BAL team rosters over the league's first four seasons.

BWB has reached more than 4,400 participants from 142 countries and territories since 2001, with 127 former campers advancing to the NBA or WNBA.  The NBA and FIBA have staged 75 BWB camps in 50 cities across 33 countries on six continents.

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

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

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

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

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Leveraging Artificial Intelligence (AI) for Good Health: The New Frontier in Social Innovation to accelerate progress toward Sustainable Development Goal 3 (SDG 3)

Location: News

BroadReach Group
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In the evolving landscape of global health, digital innovation emerges as a beacon of hope, pushing the boundaries of what is possible in healthcare access, quality, and affordability. A recent white paper by the World Economic Forum, produced in collaboration with the Schwab Foundation for Social Entrepreneurship, EY, and Microsoft, sheds light on an exciting paradigm shift: the integration of Artificial Intelligence (AI) in social innovation, especially within healthcare. AI uptake has the potential to improve immunisation programmes, supply chains, referrals, diagnoses, drug safety, and overall health system efficiency.

The report finds three primary impact areas where AI is making significant contributions:

  • Healthcare, with 25% of innovators using AI to advance access to health;
  • Environmental sustainability, with 20% of social innovators applying AI to tackle climate solutions; and
  • Economic empowerment, notably prevalent in lower-income countries where 80% of all initiatives aimed at enhancing livelihoods are based.

Healthcare is by far the most prevalent impact domain that social innovators are addressing with AI. Corresponding to this, 1 in 4 Social innovators are deploying AI to advance Sustainable Development Goal 3, Good Health and Well-being. This is apparent across all geographies as innovators seek to adopt AI to address multiple challenges within the area of healthcare.

Referenced in this report is BroadReach Group, a social impact organisation, that is using AI and machine learning to equip health care workers, leaders and institutions to better manage their scarce resources and drive better health outcomes for all. Vantage Health Technologies, a part of BroadReach Group is harnessing its work across continents in the following ways:

  • Using AI in Africa to support large HIV and TB programs by identifying gaps in resources and supporting decision making and targeted actions to address those gaps. This has allowed many districts particularly in South Africa, with the largest HIV population in the world to come close to achieving the UN goals of 95-95-95. The 95-95-95 HIV testing, treatment, and viral suppression targets aim to close gaps in HIV treatment coverage and outcomes in all sub-populations, age groups and geographic settings.
  • Vantage has provided program oversight to Tuberculosis (TB) programs in Africa by providing a single system to manage all key areas.  TB outcomes are difficult to manage without daily insight into performance data. Vantage integrated already existing feeds from the national health data system to drive active decision making and launch interventions to address performance, data quality and reporting compliance.
  • A leading non-governmental organisation in Nigeria that provides prevention, treatment and care services across HIV/AIDS, TB and Malaria uses AI and predictive analytics in Vantage to prevent missed appointments and bring patients back to care. The outputs are used to prioritise outreach to high-risk patients and monitor the effectiveness of interventions to proactively highlight areas needing attention.
  • In the US, Vantage is addressing Social Determinants of Health, by automating social care coordination for cancer patients. The early results have shown improved patient outcomes, improved equity and financial sustainability, while simultaneously reducing the administrative burden on the workforce.

Dr. Ernest Darkoh, co-founder of BroadReach Group, says, “the fundamental issue in healthcare, whether you are in Sub-Saharan Africa, Western Europe, or the USA, is that demand outstrips supply in terms of health services, doctors, nurses, and medications. The healthcare sector is trying to deliver on an antiquated model of ‘sick care' without real-time intelligence on disease patterns, who is being affected the most, or the adequacy of healthcare resources. We need to change this paradigm to be more effective by leveraging data and digital solutions to ensure we are always spending the next hour and the next dollar in the in the most impactful way possible.”

Global Collaboration to Achieve Health Equity

The report also shows that Africa is emerging, with leaders like South Africa, Nigeria and Kenya. Egypt and Kenya have developed national AI strategies. In other countries like Cameroon, individual social innovators are using AI to address healthcare challenges, such as developing low-cost diagnostic tools for malaria. The continent is also seeing AI applications in economic empowerment and various ML capabilities.

Paul Bhuhi, Managing Director of Vantage shares, ‘'AI is becoming more accepted, with healthcare leaders seeing the promise of AI to drive real improvement in health access, quality, and affordability. Yet, the education gap between innovators and the policy makers inhibits AI adoption, In our experience Rwanda and Kenya are leading that push but more needs to be done.” 

An important lesson that BroadReach Group is applying is that learning healthcare lessons in one country can have a profound global impact through collaboration. By sharing best practices, innovations, and research findings, countries can collectively address common health challenges more effectively. Collaborative efforts enable the adaptation of successful strategies to different contexts, promoting universal health improvements and accelerating progress towards global health goals like SDG 3. This exchange of knowledge fosters a more interconnected and resilient global healthcare community, where advancements in one region benefit all.

Dr. John Sargent, co-founder of BroadReach Group, says “an example of impact through collaboration is using our experience and learnings in Africa addressing health inequity and applying them to promote health equity in cancer care in the US. Our teams work across geographies and this collaboration has shown that we can more effectively and rapidly improve patient care because of this experience. Although every geography and market has its differences, many of the same core principles, critical lessons learned, and approaches apply, allowing us to rapidly adapt and implement solutions that have a real impact for populations in need while ensuring that the health system is using its resources in the most impactful way.” 

Embracing the Ethical Adoption of AI

The next generation of ethical generative artificial intelligence (GenAI) provides new hope for more equitable healthcare, but advances in technology must never come at the cost of patient rights. AI systems should start with guardrails and ethics within their foundational design.

Chris LeGrand, CEO of BroadReach Group emphasises, “regulatory frameworks for ethical use of AI in healthcare are still early stage but are progressing. The new Digital Trade Protocol recently adopted by African heads of state under the Africa Continental Trade Area (AfCTA) is an example of international bodies defining the desired digital landscape with rules based on common principles, including protecting personal data while promoting trusted, safe, ethical use of emerging technologies. Regulation is slowly evolving to create trust and confidence in the protection of health data.”

Distributed by APO Group on behalf of BroadReach Group.

BroadReach Group is a group of social impact businesses focused on harnessing innovation and technology to empower human action. Since 2003 BroadReach Group has worked in over 30 countries to support governments, international NGOs, public and private sector to improve health outcomes for their populations.  

Read moreLeveraging Artificial Intelligence (AI) for Good Health: The New Frontier in Social Innovation to accelerate progress toward Sustainable Development Goal 3 (SDG 3)