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President Ramaphosa to open G20 finance track meeting 

Location: News

President Ramaphosa to open G20 finance track meeting 

President Cyril Ramaphosa will open the first meeting of the Group of 20 (G20) Finance Ministers and Central Bank Governors’ under South Africa’s Presidency.

“The first G20 Finance Meeting and Central Bank Governors Meeting in South Africa will focus on the thematic areas of [the] global economy, debt, infrastructure, joint finance and health task force, international taxation, finance sector issues, and sustainable finance,” the Presidency said on Tuesday.

This engagement will take place at the Cape Town International Convention Centre on Wednesday, 26 February 2025. 

The G20 Finance Ministers and Central Bank Governors’ Meeting is hosted by the Minister of Finance Enoch Godongwana and Governor of the South African Reserve Bank, Lesetja Kganyago under South Africa’s G20 Presidency theme of “Solidarity, Equality and Sustainability.”

The Finance Ministers meeting is preceded by the second meeting of the Finance and Central Bank Deputies which took place on 24 and 25 February 2025. 

“South Africa’s G20 Presidency commenced in December 2024, and the Finance Ministers and Central Bank Governors’ meeting is part of a series of 23 ministerial and approximately 130 working groups meetings that will take place during the course of 2025. The year-long deliberations will culminate in a G20 Leaders’ Summit in November 2025,” the Presidency said.

The G20 was originally established as a meeting of Finance Ministers in response to the Asian financial crisis of 1997-99, with the aim of coordinating policies to promote international financial stability’.

This initiative was elevated to a Heads of State and Government Leaders Meeting in 2008 after the global financial crisis of 2007.

Together, G20 members account for around 85% of global Gross Domestic Product (GDP) and 75% of international trade. 
It comprises 19 countries including: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, and United States and two regional bodies, namely the European Union and the African Union.

The grouping therefore plays a critical role in influencing global policy making and fostering global economic stability. -SAnews.gov.za

 

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Tue, 02/25/2025 - 12:00
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Eco Atlantic CEO to Speak at IAE 2025 Amid Orange Basin Expansion

Location: Business
Energy Capital & Power

Gil Holzman, President & CEO, Eco Atlantic Oil & Gas, will speak at the Invest in African Energy (IAE) Forum 2025 in Paris this May as the company expands its presence in the Orange Basin, offshore South Africa.

The Canada-headquartered Eco Atlantic has recently expanded its presence in Africa through strategic transactions and exploration initiatives. In June 2024, Eco Atlantic farmed into Block 1 in the Orange Basin, further strengthening its exploration portfolio in the region. The block has extensive 2D and 3D seismic data already completed, with no additional seismic acquisition or well drilling planned during the three-year carried period. During this time, Eco will focus on interpreting and analyzing the existing data to inform its planned Work Program, leveraging its in-house exploration team. The company also holds interests in Blocks 2B and 3B/4B in South Africa, along with four licenses in Namibia.

IAE 2025 (http://apo-opa.co/3ETVwbj) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Eco Atlantic's approach centers on exploring low-carbon intensity oil and gas in stable emerging markets close to infrastructure, aiming to deliver material value for its stakeholders while contributing to the energy transition. The company prioritizes efficient exploration strategies that minimize environmental impact while maximizing resource potential.

By focusing on proven basins with existing infrastructure, Eco Atlantic seeks to accelerate development timelines and enhance economic viability in its operating regions. The upcoming forum will highlight how oil and gas independents like Eco Atlantic are navigating Africa's evolving energy landscape, driving investment and sustainable resource development.

Distributed by APO Group on behalf of Energy Capital & Power.

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Premier to mitigate impact of aid withdrawal on jobs

Location: News

Premier to mitigate impact of aid withdrawal on jobs

Free State Premier Maqueen Letsoha-Mathae has assured that her government, in collaboration with the national Department of Health, will explore innovative solutions to prevent job losses in the province’s health sector. 

This follows the withdrawal of a United States (US) foreign aid grant to South Africa which has supported critical health programs. 

Delivering her State of the Province Address (SOPA) on Friday, Letsoha-Mathae emphasised that efforts are underway to mitigate the impact and ensure continued healthcare service delivery despite the funding shortfall.

“Many of our strategic partners have indicated that funding from USAID [United States Agency for International Development] has been stopped. This poses an immediate threat of job losses to about 725 healthcare workers, social workers, data capturers, cleaners and many others. 

“We will find innovative ways working with national Department of Health to mitigate the impact of this decision,” she said.

The Premier emphasised that no inclusive growth would be realised without quality healthcare and her administration was doing its best to improve healthcare quality in government facilities. 

She added that less professionals mean less provision of services of which the province cannot afford.

“That is the reason why, last year, we employed 1 232 healthcare professionals that include doctors and nurses. More will be employed in the next financial year. 

“The 1 112 contract workers employed to ease the COVID-19 health pressures, whose contracts expired in October 2024, were re-employed in January this year. Their return is a crucial step in increasing the provision of health services,” she said.

The Premier highlighted that the province had procured more Renal Dialysis Machines and installed Renal Water Purification Systems in some of its hospitals. 

At the Mofumahadi Manapo Mopeli Regional Hospital in Qwaqwa, six dialysis machines were commissioned in this financial year. A Reverse Osmosis Water Purification Unit was delivered and will be installed and commissioned upon the completion of construction and prefiltration.

“At Boitumelo Regional Hospital, ten dialysis machines, two mobile Reverse Osmosis, and a Reverse Osmosis Plant are in clinical use. Importantly, availability of medicines in our health facilities is above 90%,” she said. 

Due to increasing population, urbanisation and changing lifestyles, the Premier noted that the health burden is increasing, putting pressure on the available facilities. 

She announced that healthcare facilities that are under construction will be completed in the 2025/26 financial year. These include the Thandanani Clinic in Welkom, Rheederpark Clinic in Welkom, Borwa Clinic in Tweespruit, Clocolan Clinic in Clocolan, Dinaane Clinic in Thaba-Nchu, and Valrok Clinic in Brandfort. 

“We are also upgrading hospitals, laboratories, neonatal facilities, renal units, maternity wards, pharmacies, mortuaries, theatres and heli-stops. We have taken note of particular challenges at the Bloemfontein Government Mortuary and plans are afoot to remedy the situation,” she said.

The Premier further announced that the following health facilities now render a 24-hour service: MUCPP in Mangaung (Maternity and Emergency Services); Heidedal Clinic in Mangaung (Emergency Services); PAX Clinic in Viljoenskroon (Emergency Services); Bolata Clinic in Qwaqwa (Maternity Services) and the Lesedi Clinic in Kroonstad will be operational from April 2025 (Maternity and Emergency Services). - SAnews.gov.za

 

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Tue, 02/25/2025 - 14:29
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Plans underway to ensure service delivery in the Free State 

Location: News

Plans underway to ensure service delivery in the Free State 

Free State Premier Maqueen Letsoha-Mathae says plans are underway to ensure that municipalities in the province can deliver basic services such as water, electricity, and refuse collection to the people. 

Delivering the State of the Province Address (SOPA) on Friday, Letsoha-Mathae said that work to improve the state of the province’s municipalities is continuing. 

“We are deeply concerned about the state of some of our municipalities. Their failure to provide services such as water, electricity and refuse removal is worrying. Water treatment plants are not maintained. Electricity infrastructure is collapsing. Taps are dry. Streets are littered with garbage. 

“Work to improve the state of our municipalities is continuing. We want to get the basics right and improve service delivery to our people,” she said.

She added that the professionalisation of local government was ongoing and that the seventh administration continues to assist municipalities with the implementation of the Municipal Staff Regulations meant to create a development-oriented local government. 

“We are also supporting municipalities with the development of municipal staff establishments that are fit for purpose, review of competency assessments, and remuneration framework for senior managers.

“Section 56 Managers are now permanently appointed in compliance with the Municipal Systems Amendment Act of 2022. Deployment of competent managers and technical officials to municipalities to enhance service delivery is also continuing.”

Letsoha-Mathae said the provincial authorities and municipal officials met with the Minister of Electricity and Energy, Kgosientsho Ramokgopa last week to ensure that all municipalities can meet their financial obligations to Eskom.

“Ten municipalities in our province are participating in the Eskom Debt Relief Programme meant to help them settle their current accounts. We continue to provide support to these municipalities to ensure compliance and financial discipline in their engagements with Eskom. 

“We commit to meet our electricity, water, services and property rates obligations to municipalities to lessen their dire financial state. Payment plans will be developed and adhered to. We will lead by example,” she explained.

The province has also been battling water challenges, however, the Premier announced that the Department of Water and Sanitation has committed to giving the provincial government R1.4 billion to deal with water and sanitation issues.

This amount is meant to improve water supply and quality and upgrade water and wastewater treatment works throughout the province.

Housing 

Meanwhile, the Premier committed that there shall be housing, security and comfort for all as the provincial government drives integration to bring people closer to areas of opportunities. 

“We will complete the upgrade of G-Hostel in Welkom, and Dark and Silver City Development in Bloemfontein in the third quarter of the 2025/26 financial year. Conversion and development of hostels into family units is our way of saying our people deserve better. 

“We will also upgrade 34 informal settlements by the end of cycle to ensure access to basic services and security for thousands of residents,” she said. 

This financial year, the province had planned to service 3 652 sites in informal settlements and greenfields. She announced that this target has been surpassed with 6 878 sites having been serviced. 

She added that this year, contractors will be invited through a competitive bidding process to complete historically incomplete houses throughout the province.

“In improving the living conditions of our people in rural areas, we will eradicate mud houses and replace them with proper housing structures in [the]Thabo Mofutsanyana District and Mangaung Metro. We also commit to delivering government-subsidised housing across various types to meet the diverse needs of our communities,” she said. – SAnews.gov.za

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Tue, 02/25/2025 - 14:31
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Motsoaledi urges men to take the lead in fight against HIV, AIDS

Location: News

Motsoaledi urges men to take the lead in fight against HIV, AIDS

Health Minister, Dr Aaron Motsoaledi, has urged men to actively participate in the fight against HIV and AIDS.

This as he kicked off a campaign aimed at enrolling 1.1 million individuals in HIV treatment by December 2025.

Statistics show that 65% of those tested in a 2010 campaign were women, underscoring the need for increased male participation.

“When you go to the clinic, you don't find men. Now, when we ask them, after realising that less than 30% of them are testing, they say, my wife has tested… please help women fight this battle,” the Minister urged attendees on Tuesday at the Chris Hani Baragwanath Academic Hospital in Soweto, Johannesburg.

He officially launched the campaign in collaboration with the South African National AIDS Council (SANAC) and other stakeholders in the health sector.

The drive is part of the country’s ongoing interventions to enhance the uptake of life-saving HIV treatment to ensure 95% of people diagnosed with HIV receive and adhere to antiretroviral therapy (ART) to achieve viral suppression.

South Africa has 7.8 million people living with HIV and AIDS, and 7.5 million of them know their status, while at least 5.9 million are on ARV treatment.

The country is making progress towards achieving the ambitious targets, but despite these remarkable achievements, significant challenges persist regarding prevention, treatment initiation, adherence to ART, and retention in care.

The gathering focused on the launch of a campaign to eliminate HIV and AIDS as a public health threat by 2030.

The campaign also aims to build on past successes in eradicating diseases like smallpox and polio, emphasising the need for collective will and action.

The Minister urged action against tuberculosis (TB), citing the history of neglecting other diseases.

“We have known the existence of TB since 1882. But other diseases [we] were able to get rid of them. For instance, the world got rid of smallpox after it achieved 300 million people because there were campaigns to get rid of it. There was a vaccine, but that vaccine did not just get into the bodies of people. Men and women stood up and ran through the whole length and breadth of the world, the whole corner of the world and vaccinated people.”

He used the platform to urge everyone, particularly men, to take an active role in contributing to this important battle.

Motsoaledi also announced that the campaign aims to address cervical cancer. – SAnews.gov.za

 

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Tue, 02/25/2025 - 15:25
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A blended approach is key for climate finance

Location: News

A blended approach is key for climate finance

The South African Reserve Bank (SARB) Deputy Governor, Fundi Tshazibana, has emphasised that emerging markets and developing economies need a blended approach to finance both climate change mitigation and adaptation.

Moderating the Group of Twenty (G20) side event on enhancing the global sustainable financial architecture in Cape Town on Tuesday, Tshazibana highlighted the crucial role of climate finance in driving climate transition efforts.

“The Climate Policy Initiative (CPI) global landscape of climate finance has found that concessional finance at present is only at about 11% of total climate finance for the bulk of our governments, especially in emerging markets and developing countries.

“We know that the fiscal space for governments is quite tight, which means governments cannot go this journey alone. In this regard, private sector finance, which compromises of a third of the world’s economic activities will be vital to close the financing gap. However, private investment will require a catalyst to mitigate certain risks and to facilitate market development,” she said.

Although climate financing has doubled from 2018 to 2022, the financing gap remains large.

“In 2022, we reached the $1trillion milestone in climate finance but analysis by the CPI shows that although climate finance has doubled since 2018 having grown from $674 billion US dollars to about $1.4 trillion in 2022, there are still significant gaps in terms of what needs to be funded in this space,” the Deputy Governor said.

According to the CPI estimates, about $7.4 trillion is needed every year this decade to keep the world on track and limit global temperature rises by 1.5°C.

“To reach these levels we need to have conversations around how to direct capital flows that are needed in this regard. The largest climate investment gaps in absolute terms have been observed in the transport sector but we know that we need increased investment in agriculture, forestry and other land use as well industrial initiatives as well. Financing needs are also significant in the area of adaption,” she said.

Tshazibana explained that the work done by various organisations including the Network for Greening, the Financial System and the World Bank shows that a blended approach to financing for both climate change mitigation and adaptation is required.

She said co-financing can increase total project funding and provide a mix of financial instruments to mobilise private finance.

“Partnerships and collaboration involving multiple development actors can unlock private funding and accelerate global climate investment and increase efficiency of the use of scarce concessional funds,” the Deputy Governor said.

She said these partnerships leverage distinct and complementary institutional advantages and could take many forms, such as co-financing, project preparation, capacity building, policy support and risk mitigation. - SAnews.gov.za

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African Development Bank and Standard Bank Unite to Support Small, Medium, and Micro Enterprises (SMMEs) and Boost Trade

Location: Business
African Development Bank Group (AfDB)

The African Development Bank Group (www.AfDB.org) and Standard Bank Group (SBG) on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises (SMMEs) and expand trade across Africa.

The agreement includes a R3.6 billion investment in a social bond and a $200 million Risk Participation Agreement (RPA) for Standard Bank of South Africa Limited (SBSA). This initiative strengthens Standard Bank's lending capacity, ensuring greater access to finance for SMMEs, a critical driver of economic growth and job creation in South Africa.

The social bond investment promotes inclusive economic development, particularly for SMMEs with a turnover below R300 million and loan sizes under R40 million. This financing will support up to 4,000 businesses, helping them scale operations, create jobs, and contribute to economic resilience.

Kenny Fihla, Deputy Chief Executive Officer of Standard Bank Group and Chief Executive Officer of SBSA, welcomed the investment, stating: “This landmark partnership strengthens our ability to support SMMEs, the backbone of South Africa's economy. With approximately 3.2 million SMMEs accounting for 60% of jobs, ensuring access to finance is crucial. This initiative aligns with our Sustainable Finance Framework and our commitment to financial inclusion.”

In addition to the social bond, the $200 million RPA enhances trade finance across Africa, focusing on Low-Income Countries and Transition States. This agreement enables local banks to increase lending by sharing risk, bridging the trade finance gap, and promoting intra-African trade.

Leila Mokaddem, Director General for Southern Africa at the African Development Bank, highlighted the broader impact: “This collaboration marks a significant milestone in our long-standing partnership and is a testament to our shared commitment to supporting SMMEs' growth and enhancing trade finance across Africa. Expanding financial inclusion and trade opportunities empowers businesses to drive economic transformation and regional integration. The Standard Bank Group remains a strategic partner in our shared vision for economic development on the continent.”

This initiative aligns with the African Development Bank's Ten-Year Strategy (2024–2033), which prioritises industrialisation, regional integration, and improving the quality of life in Africa. It also supports Standard Bank's Sustainable Finance Framework, reinforcing both institutions' commitment to fostering green and inclusive growth.

“We are proud of this transaction, demonstrating our shared commitment to sustainable financing. By supporting businesses, we create long-term economic opportunities and financial resilience,” stated Ahmed Attout, Director of the Financial Sector Development Department at the African Development Bank.

Kenny Fihla reaffirmed the significance of the collaboration:

“By providing much-needed capital, we are helping enterprises overcome challenges and thrive. This partnership illustrates the power of collaboration in driving meaningful economic and social change in Africa.”

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

For media inquiries, please contact:
Natalie Naudé
Communication and External Relations Department
Email: media@afdb.org

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

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Load shedding suspension remains on the horizon

Location: News

Load shedding suspension remains on the horizon

Repairs at Eskom’s Majuba power station in Mpumalanga has placed the country closer to the suspension of load shedding, Electricity and Energy Minister Dr Kgosientsho Ramokgopa said.

Speaking to journalists on Tuesday, the Minister reassured South Africans that the implementation of load shedding at the weekend was not due to sabotage, but technical issues. 

“We are going to have a review later this evening and then we can make an announcement, a promise we make, is a promise we will keep,” Ramokgopa said at an engagement held in Johannesburg.

The Minister explained that despite 300 consecutive days of uninterrupted power supply, recent setbacks occurred, including the loss of five generation units at Majuba and four units at Camden power stations.

He added that the setback experienced at the weekend where the power utility implemented Stages 3 and 6 of load shedding were regrettable.

“The setbacks we experienced are regrettable, but we are now able to bounce back, we are coming back much faster than we thought. It is important that we have the lights on for the South African economy,” the Minister said.

Ramokgopa’s comments come as Eskom is currently implementing Stage 2 load shedding from Monday’s Stage 4.

At a briefing on Sunday, the Minister assured the nation that the country will overcome the current bout of load shedding by the end of the week.

READ | Load shedding expected to be suspended by the end of the week

“I'm confident that by the end of the week, we should be out of this difficult situation. We are confident we're going to go to conditions of normality. By the end of the week there will not be [any] load shedding,” he said at the time. -SAnews.gov.za

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Service providers ordered to pay back PPE profits

Location: News

Service providers ordered to pay back PPE profits

The Special Tribunal has ordered 16 service providers to pay back some R21 million in profits linked to alleged irregularly awarded Personal Protective Equipment (PPE) contracts.

The contracts were awarded by the KwaZulu-Natal Department of Social Development (KZN DSD) during the height of the COVID-19 pandemic.

The order emanates from a probe by the Special Investigating Unit following a provincial Treasury investigation into the KZN DSD.

“The Treasury investigation concluded that PPE was procured from 16 service providers in 18 contracts, with a total cumulative value of R21 242 955.95. The report further recommended disciplinary action against several officials and the registration of a criminal case.

“The SIU [Special Investigating Unit] processed the report through its processes and systems and identified significant shortcomings in the initial investigation. The report did not evaluate potential financial recoveries or quantify the state’s losses. Additionally, no efforts were made to recover funds lost due to overpricing or irregular procurement practices.

“The SIU [investigation] found that all service providers charged rates that exceeded the pricing guidelines set by the National Treasury. Consequently, the SIU has initiated proceedings in the Special Tribunal to recover the overpayments,” the SIU said in a statement on Tuesday.

The corruption busting unit said any criminal conduct will be referred for prosecution.

“In line with the Special Investigating Unit’s and Special Tribunals Act 74 of 1996 (SIU Act), the SIU refer[s] any evidence of criminal conduct uncovered during its investigation to the National Prosecuting Authority (NPA) for further action.

“Under the SIU Act, the SIU is also authorised to initiate a civil action in the High Court or a Special Tribunal in its name to address any wrongdoing identified during its investigation resulting from acts of corruption, fraud, or maladministration,” the SIU concluded. – SAnews.gov.za

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Traditional leaders urged to help build a better SA 

Location: News

Traditional leaders urged to help build a better SA 

President Cyril Ramaphosa has called on traditional leaders to work alongside the Government of National Unity (GNU) in shaping a prosperous and inclusive future for South Africa.

Addressing the annual opening of the National House of Traditional and Khoi-San Leaders (NHTKL) at the Good Hope Centre in Cape Town, the President reaffirmed the vital role of traditional leadership in the country’s development.

“As the Government of National Unity, I once again call on Amakhosi to join hands with us as we embark on a new, glorious future for South Africa and its people,” said President Ramaphosa said on Tuesday.

The National House of Traditional and Khoi-San Leaders comprises traditional leaders who are delegates from the Provincial Houses of Traditional Leaders of South Africa and represent the Provincial Houses at national level.

He highlighted the historical significance of traditional leadership, noting that traditional leaders support governance in many rural and peri-urban communities, often facing the harshest conditions of poverty, inequality, and climate change. 

The President expressed concern over the recent devastating floods in KwaZulu-Natal, which led to loss of life and destruction of property and infrastructure. He urged Amakhosi to work with disaster management teams to protect rural communities from extreme weather events.

“The recent floods in parts of KwaZulu-Natal have led to loss of life, damage to farming land, and the destruction of property and infrastructure. Our thoughts and prayers are with all the affected communities. 

“I want to use this opportunity to call on you as Amakhosi to work with the disaster management response teams in our provinces and support the work that is being done to protect our rural communities against extreme weather,” he said. 

READ | Level 2 heavy rain warning issued for KwaZulu-Natal

Killings

President Ramaphosa strongly condemned the increasing assassinations of traditional leaders, calling the attacks an “affront to our nation". 

He referenced the recent killing of Contralesa NEC member and Ndzundza-Fene Traditional Council Chairperson, Kosi Thugwana, in Mpumalanga, stressing that such violence must be rooted out.

“Even one killing is one too many. Be assured that our law enforcement agencies are working around the clock to ensure that the perpetrators of these heinous crime are brought to book.”

Shared prosperity 

The President reiterated the government’s commitment to working with traditional and Khoi-San leaders to foster unity and development. He also emphasised the importance of their participation in the upcoming National Dialogue, a platform aimed at fostering inclusivity and shaping the country’s future.

He said that government will rely on the traditional leaders’ guidance to rally people towards a future of shared prosperity and inclusivity.

“It will be important that traditional leaders and the communities they lead [to] participate in the National Dialogue so that the process produces a plan that reflects the interests and aspirations of everyone.

“The Medium Term Development Plan that we have adopted as the Government of National Unity intends to advance three strategic priorities: to drive inclusive growth and job creation, to reduce poverty and tackle the high cost of living and to build a capable, ethical and developmental state,” the President explained.

He also highlighted ongoing consultations to review the White Paper on Local Government and emphasised the role of Amakhosi in shaping policies that affect rural communities.

The Deputy President has been mandated to facilitate dialogues with traditional leaders, further strengthening collaboration between government and traditional institutions.

Legislative developments

Following the Constitutional Court’s ruling that declared the Traditional and Khoi-San Leadership Act unconstitutional, the President confirmed that steps were being taken to reintroduce a revised bill in Parliament. 

He urged traditional leaders to actively participate in consultations to ensure their interests are reflected in the legislation.

In addition, President Ramaphosa addressed the longstanding issue of customary initiation practices, particularly in the Eastern Cape, where fatalities and injuries continue to be a concern. 

The government has gazetted regulations for public comment and is working towards drafting guidelines to regulate initiation school fees and prevent exploitation.

READ | Hlabisa and traditional leaders discuss safer customary initiation plan

Turning to the issue of land reform and economic development, the President reaffirmed the government’s commitment to land reform, noting the passage of the Expropriation Act as part of efforts to ensure that land is equitably shared.

The Department of Land Reform and Rural Development has completed its work on the Communal Land Tenure Bill and is set to conduct public consultations.

Tackling gender-based violence and Forum of Majesties

The President urged Amakhosi to take a stand against gender-based violence and femicide, emphasising that such crimes have no place in African culture. He commended the House for its existing initiatives and called for greater involvement in protecting women and children.

“We know that such violence is not part of any culture. Violence against women and children is not part of the nation we want to build.”

Turning to traditional leadership, President Ramaphosa welcomed the launch of the Forum of South Africa’s Majesties, chaired by His Majesty King Makhosonke II, and acknowledged efforts to establish a similar platform for Queens. 
He also encouraged traditional leaders to continue engaging with government ministries, particularly in sectors such as mineral resources, to ensure communities benefit from the country’s natural wealth.

G20 and National Budget

With South Africa set to host the G20 Summit for the first time later this year, the President urged traditional leaders to use the opportunity to showcase the nation’s diverse cultural heritage. 

He also addressed the postponement of the Budget Speech, explaining that further discussions were necessary to align the priorities of the multi-party GNU.

READ | Government continues working for the people, despite Budget postponement

“In the interests of consensus-building, we are undertaking further discussions so that we can arrive at a budget that everyone can have confidence in a budget that promotes inclusive growth, supports job creation and that tackles poverty and inequality,” he said. 

The President further emphasised that despite many challenges, it is through cooperation and partnership that a better South Africa can be built in which everyone enjoys equal opportunity and can lead lives of dignity. – SAnews.gov.za

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Level 2 heavy rain warning issued for KwaZulu-Natal

Location: News

Level 2 heavy rain warning issued for KwaZulu-Natal

The South African Weather Service (SAWS) has issued a yellow level 2 heavy rain warning for KwaZulu-Natal.

This follows widespread flooding that has claimed the lives of nine people.

In a statement released Monday afternoon, the weather service warned of disruptive rainfall leading to localised flooding in susceptible areas, including formal and informal settlements, roads, bridges, and critical infrastructure in the province’s extreme northeastern regions.

On Tuesday, KwaZulu-Natal Premier Thami Ntuli visited the families of those affected by the recent severe weather conditions in the KwaMakhutha Township, south of Durban.

The floods have claimed the lives of three people, including the families’ graves, which were washed away due to the persistent rainfall in eThekwini and surrounding areas of the province.

The three affected families reside in KwaMakhutha, Mbumbulu, and Folweni.

Premier Ntuli expressed his condolences and reassured the public that the provincial government was taking immediate steps to provide assistance.

Ntuli said the MECs have already visited the area to assess the situation and ensure that those affected are not enduring further hardships.

He said the provincial government was committed to providing the necessary support, including temporary shelter and fixing the stormwater drainage system.

The Premier underscored the importance of allocating people in strategic areas, where they would be less vulnerable to floods.

“We asked the traditional leaders, when they allocate land for building houses, to consider flood-prone areas. Even in informal settlements, people must avoid building on land in floodplains,” Ntuli said.

While the provincial Department of Cooperative Governance and Traditional Affairs (CoGTA) has a comprehensive disaster response plan in place designed to provide immediate assistance during and after such crises, the Premier stressed that prevention remains a top priority.

“We must prioritise early intervention over waiting until lives are lost. It is essential that people in KwaZulu-Natal observe the warnings given by weather service and CoGTA,” Ntuli said. – SAnews.gov.za

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Energise Mzansi campaign to empower South Africans on energy transition

Location: News

Energise Mzansi campaign to empower South Africans on energy transition

The Energy Council of South Africa has launched a nationwide campaign to empower South Africans to gain a better understanding of and engage in the energy transition.

South Africa has committed to lowering carbon emissions to net-zero by 2050 and usher in a green economy.

In that regard, government has also committed to an energy transition which is just, inclusive and which responds to South Africa’s developmental needs – leaving no one behind.

“Energy literacy is more than just understanding the basics, it’s the foundation for informed decision-making, constructive collaboration, and ultimately driving investment and economic growth through gained public positive sentiment.

“Through this campaign, we aim to connect South Africans with the factual information they need to make sense of the challenges and take advantage of the opportunities presented by the energy transition,” Energy Council CEO James Mackay said.

According to the council, the campaign focuses on six technical energy topics.

 These are:

  • Energy is an integrated system: Shifting from a polarised “supply mix” ideology to a practical, integrated system planning and delivery approach. This aims to balance supply side actions with demand response and changing trends, the increasing importance of infrastructure and digital integration and the critical issue of a competitive marketplace.
  • Vital emissions obligations: South Africa has an intensive carbon footprint and is now exposed to carbon tax and carbon border adjustments from 2026 with its biggest trade partner, Europe.
  • Ongoing coal dependency: Examining coal’s critical role in South Africa’s energy mix, which is still planned to be in operation well beyond 2026. The need for cleaner, reliable and more efficient use, and the pathway to a strategic, balanced transition not compromising energy security and economic stability.
  • Bridging the transition with gas: Exploring how gas could provide crucial support to South Africa’s energy system by meeting fluctuating demand, system variability and bridging the gap as renewable energy grows and large coal stations are decommissioned.
  • Scaling renewables and storage: Evaluating the growing adoption of solar and wind energy as well as battery storage, focusing on the advantages of renewable energy, the barriers to widespread deployment, and the role of technology in making renewables a central part of South Africa's energy future.
  • Reforming the Energy Market: Understanding the critical need and benefits of a competitive wholesale electricity market to unlock investment, drive efficiency and lower prices, as well as anchor South Africa's future power sector eco-system

“The Energy Council estimates that R2 trillion will be required by 2035 for new technology financing and system upgrades. Government policy and commitment is clear. The two key drivers of our energy reform agenda are now anchored in law: The Electricity Regulation Amendment Act, 2004 and the Climate Change Act, 2024. 

“It is critical that informed responses lead the transition, ensuring collaboration across all stakeholders to create sustainable, long-term solutions for South Africa’s energy future,” the Energy Council said. – SAnews.gov.za

 

NeoB
Tue, 02/25/2025 - 12:19
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SA crafts guidelines for green hydrogen development

Location: News

SA crafts guidelines for green hydrogen development

In a major step towards cementing South Africa’s position as a global leader in green hydrogen, the Minister of Forestry, Fisheries, and the Environment, Dr Dion George, has overseen the launch of two game-changing environmental planning mechanisms. 

The Environmental Impact Assessment (EIA) Guideline for green hydrogen projects and the South African Green Hydrogen Potential Atlas will remove regulatory uncertainty, drive investment, and accelerate South Africa’s transition to a green hydrogen economy.

Developed in partnership with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the Council for Scientific and Industrial Research (CSIR), and GFA Consulting Group, these mechanisms will provide critical guidance for responsible and sustainable green hydrogen development.

In a statement of Tuesday, the Minister hailed the mechanisms as a victory for South Africa’s economic and environmental ambitions, reinforcing his commitment to positioning the country as a leader in clean energy innovation. 

“This is a defining moment for South Africa’s green economy. By taking proactive steps to provide regulatory clarity and scientific insights, we are ensuring that green hydrogen becomes a major driver of sustainable economic growth, investment, and job creation. This is about unlocking South Africa’s potential while protecting our environment for future generations,” he said.

Under the Minister’s leadership, the Department of Forestry, Fisheries, and the Environment (DFFE) has strengthened the central role it plays in developing clear, science-based guidelines that provide certainty for investors and developers. 

“The EIA Guideline will ensure that projects are planned responsibly, while the Green Hydrogen Atlas offers a powerful, interactive tool for mapping the country’s most promising locations for green hydrogen production.

“With abundant solar and wind resources, strategic port infrastructure, and a central location on global shipping routes, South Africa is uniquely positioned to become a green hydrogen powerhouse. 

“Green hydrogen, which is produced using renewable energy, has the potential to replace fossil fuels in industries like steel, cement, and heavy transport, reducing emissions while creating new economic opportunities,” the department said.

The department said the launch of these mechanisms sends a clear message to international investors, industry leaders, and policymakers.

“South Africa is ready to lead in green hydrogen innovation and production,” the department said.

The EIA Guideline can be accessed at: https://bit.ly/SAGH2eia. - SAnews.gov.za
 

 

nosihle
Tue, 02/25/2025 - 11:09
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Government reiterates call to register spaza shops

Location: News

Government reiterates call to register spaza shops

Government has encouraged all spaza shop owners and vendors to register their businesses with their local municipality by the end of the week.

“Spaza shops must be registered to ensure that food safety laws are followed, and dangerous goods are taken off the market, keeping children safe and preventing future outbreaks,” the Government Communication and Information System (GCIS) said.

They have until Friday, 28 February 2025, to register their businesses.

Application forms for registration or permits to conduct business can be accessed physically at the municipal offices or on the municipality website. 

The registration of a business takes one day, people must not wait until the last day to register. 

“Citizens are reminded that registering a spaza shop on behalf of another person is a criminal offense. The Immigration Act of 2002 clearly states that it is a criminal offense to assist an illegal foreigner to conduct any business in the country and to assist an illegal foreigner to obtain a licence to conduct any business,” GCIS said. 

For guidelines on spaza shop registrations visit: https://www.sanews.gov.za/features-south-africa/guide-register-spaza-shops.

Last year, President Cyril Ramaphosa extended the registration deadline for all spaza shops and food handling outlets after initially announcing the registration directive in November 2024. 

This extension follows a serious incident involving foodborne illnesses, which resulted in over 890 cases and nearly 30 deaths since September 2024.

In October last year, six primary school children from Naledi, Soweto, died after allegedly eating snacks from a foreign-owned local spaza shop. - SAnews.gov.za

 

nosihle
Tue, 02/25/2025 - 10:53
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SA participates in UNGA meeting marking Russia, Ukraine conflict anniversary

Location: News

SA participates in UNGA meeting marking Russia, Ukraine conflict anniversary

South Africa has voted in favour of a General Assembly resolution, presented by the United States of America with amendments by the European Union, which reiterates that the principal purpose of the United Nations is to maintain international peace and security and to peacefully settle disputes.

It further reaffirms the commitment to the sovereignty, independence, unity and territorial integrity of Ukraine within its internationally recognised borders, extending to its territorial waters; and implores a swift end to the conflict and further urges a just, lasting and comprehensive peace between Ukraine and Russia, in line with the United Nations (UN) Charter and the principles of sovereign equality and territorial integrity of States.

This comes as the United Nations General Assembly met in New York on Monday - on the third anniversary of the conflict between Russia and Ukraine.

“South Africa continues to call for the urgent cessation of the Russia-Ukraine conflict in order to prevent the further loss of life and the destruction of Ukraine’s infrastructure. Every effort must be made to de-escalate the conflict.

“South Africa remains firmly committed to the need for a peaceful and negotiated resolution of the conflict within a rules-based system centred on international law, including the respect for human rights, and the principles of the UN Charter,” said the Department of International Relations and Cooperation in a statement.

It said the sovereignty and territorial integrity of all states remain inviolable.

Consequently, South Africa supports all efforts to bring the conflict to an end and welcomes all efforts to bring about negotiations. 

“We remain steadfast in our commitment to peaceful resolution of the conflict through a negotiated settlement with all parties to the conflict having a seat at the table.

“Consistent with the African Peace initiative we have always maintained that a commitment to inclusivity is key to deliver the buy-in of all Parties to the conflict, and to provide acceptable solutions to both parties,” said the department.

It added that countries are at a point of inflection in this conflict with the urgency to seize the momentum towards a negotiated settlement.

Head of UN Peacekeeping and Political Affairs, Rosemary DiCarlo, emphasised that the Russian invasion has “undermined the very foundations of the international order”. 

She also reminded delegates that since 24 February 2022, the conflict has resulted in the tragic loss of at least 12 654 Ukrainian civilians, including 673 children.

In light of the recently adopted Security Council resolution, UN News reported that DiCarlo stressed the need for peace in Ukraine to be “just, sustainable, and comprehensive”. 

She said such peace must align with the Charter of the UN, international law, and the resolutions passed by the General Assembly, including those enacted during Monday’s emergency special session. – SAnews.gov.za

 

 

Gabisile
Tue, 02/25/2025 - 09:51
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Network International appointed as Payment Processing Partner by MTN Group Fintech

Location: News
Network International

Network International (Network) (www.Network.ae), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa's leading mobile financial services provider. This partnership marks a significant extension of Network's portfolio of issuer processing collaborations throughout the African continent. 

With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International brings its expertise to this partnership which will enhance MTN Fintech's cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa. 

The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational. Soon   Uganda, Ivory Coast, and Nigeria will also be covered under this collaboration.  Network International will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions. 

Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International commented: “Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region. We are excited to support MTN Group Fintech's growth strategy, and its business development plans across the continent.”  

Cedric N'guessan, Executive for Payment and E-commerce at MTN Group Fintech added, "This collaboration with Network International is pivotal in enhancing financial inclusion across Africa and beyond. It enables our customers to actively engage in the global economy, aligning perfectly with our strategic goals alongside Mastercard to broaden access to digital financial services across the continent." Read More (https://apo-opa.co/43aKuII) 

MTN Group provides voice, data, fintech, enterprise wholesale and API services to more than 288 million customers in 14 African markets.   

Distributed by APO Group on behalf of Network International.

For more information, please contact:  
MTN Group Press Office
MTNGroup.PressOffice@mtn.com 

MTN Group Fintech (Proprietary) Limited: 
Head Office: 216-14th Avenue Fairland 2195, Private Bag 9955 Cresta 2118 South Africa 
Tel +2711 912 3000 
Fax +2711 912 4093 
Website www.MTN.com

Corporate Communications: 
Network International 
Dubai, UAE 
Tel: +971 4 303 2431 
lambert.espedido@network.global   

Follow us:
X: https://apo-opa.co/3QwQZht
Linkedin: https://apo-opa.co/4khrvCr

About MTN Group Fintech:
MTN Fintech, the platform business of MTN Group, is dedicated to revolutionising global financial services through innovative digital technology solutions. Leveraging MTN's extensive reach and expertise in telecommunications, MTN Fintech is committed to advancing financial inclusion for all and empowering communities in Africa. With a primary focus on pioneering mobile financial services, digital payments, e-commerce, short-term insurance, and remittance capabilities, MTN Fintech strives to establish seamless, accessible, and secure financial ecosystems that shape the future of digital finance. 

About Network International:
Network International is the Middle East and Africa's largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants.  

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Government activities for the week 24 – 28 February 2025

Location: News

Government activities for the week 24 – 28 February 2025

On Monday, 24 February, the Minister of Communications and Digital Technologies, Solly Malatsi, in collaboration with the World Bank and GSMA, will host a high-level workshop focused on accelerating access to affordable smart devices for all South Africans. 

On Tuesday, 25 February, the Deputy Minister in the Presidency responsible for Planning, Monitoring and Evaluation, Seiso Mohai, will visit the Thabo Mofutsanyana District Municiaplity in the Free State as part of the 2025 Back-to-School Programme.

On Wednesday, 26 February, Premier Alan Winde, will deliver the 2025 State of the Province Address (SOPA), outlining the Western Cape Government’s plans for the year ahead and reflecting on its achievements over the past year.

On Thursday, 27 February, Public Works and Infrastructure Minister, Dean Macpherson, undertakes an official working visit to the Middle East to attract infrastructure investment (20-27 February 2025).

Friday, 28 February, Parliament hosts the sitting of the permanent committees and pre-sitting meetings of the Pan-African Parliament (18-28 February 2025).  
 

 

Neo
Tue, 02/25/2025 - 09:42
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Read moreGovernment activities for the week 24 – 28 February 2025

Five eThekwini employees suspended for alleged misuse of municipal resources

Location: News

Five eThekwini employees suspended for alleged misuse of municipal resources

Five eThekwini Municipality employees have been suspended following their involvement in the alleged misuse of municipal resources.

According to a statement issued by the municipality recently, the employees were caught using municipal equipment to lay asphalt tar at a private residence on Jabu Ndlovu Drive in Verulam, north of Durban.

The suspects allegedly used a municipal truck to transport and lay asphalt tar at the residence. They were spotted and subsequently reported to the City Integrity and Investigations Unit’s Forensic Investigating Team on 17 February 2025.

One of the suspects, a supervisory driver, was arrested, while the other four men fled the scene. The supervisory driver appeared at the Verulam Magistrate’s Court on 18 February 2025, where he was granted bail.

The remaining four employees who fled the scene have since been suspended.

Head of the City Integrity and Investigations Unit, Jimmy Ngcobo, commended the whistleblower who reported the incident, stressing the importance of standing up against fraud and corruption.

“We will not tolerate this behaviour in the workplace. From the reports received, these employees have been visiting this household frequently to lay asphalt tar,” said Ngcobo.

Ngcobo also emphasised the municipality’s zero-tolerance stance on fraud, corruption, and violations of human rights.

“Ignoring work principles will destroy the operation of the municipality. Stealing is done deliberately, and they knew what they were doing is against the law. Such employees do not deserve to be working for the municipality,” Ngcobo said.  

The incident follows the arrest of six municipal employees in November 2024, who were caught stealing asphalt tar in Inanda, north of Durban.

The employees were caught transporting the asphalt tar without a valid job card to justify its movement. These six employees remain suspended.

Ngcobo warned that employees who disregard workplace rules and policies will face severe consequences.

He also reiterated that managers and supervisors must enforce control systems to combat fraud and corruption effectively.

“Let us work together to protect the image and reputation of the municipality by rooting out fraud and corruption whenever it rears its ugly head,” he said.

To report fraud or corruption, please contact the City Integrity and Investigations Unit at 0800 20 20 20 or 031 311 4002, or email: ombuds@durban.gov.za – SAnews.gov.za

GabiK
Mon, 02/24/2025 - 15:20
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Kholo Capital Mezzanine Debt Fund I Reaches Final Close at R1,4 Billion

Location: Business

Kholo Capital
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Kholo Capital Mezzanine Debt Fund I (“Kholo Capital” or “the Fund”) (www.KholoCapital.com/), has reached final close at R1,4 billion in commitments, in order to make long-term mezzanine debt investments in small and medium sized businesses in Southern Africa (i.e., South Africa, Botswana, Namibia, Lesotho and Swaziland). The funding provided to these businesses will positively impact communities and support economic growth, job creation, alleviation of poverty and advancement of transformation in the Southern African region. The Fund provides growth capital, BEE Financing and acquisition funding into sectors of the Southern African economy with high social impact including social housing, healthcare, education, renewable energy, food and food security, ICT, financial technology and infrastructure. The Fund follows the United Nation's 17 Sustainable Development Goals as guiding principles with key focus on those linked to Job Creation (i.e., Decent work and Economic growth, Reduced Inequalities and Gender Equality) and those linked to Sustainable Growth (i.e.; Affordable and Green Energy, Sustainable Cities and Communities and Climate Action). The R1,4 billion in commitments was secured from leading South African institutional investors.

Kholo Capital believes that mezzanine debt funding, being a subordinated loan position that sits between senior debt and equity in the capital structure of a business, is attractive because it plugs any equity funding gaps and provides businesses with a tailored and flexible loan solutions in support of their growth requirements. Kholo Capital's investment criteria include investing in small and medium sized businesses generating minimum R25m EBITDA across various growth sectors of the Southern African economy, thereby providing much needed access to capital within a preferred range of R70m to 200m per investment. The benefit of mezzanine debt loan funding lies not only in the ability to tailor funding terms like debt servicing requirements (e.g., providing capital repayment moratoriums), and also because it is a loan funding instrument it avoids the significant equity dilution which is sometimes the sad reality when businesses try to fund their growth ambitions by raising pure equity funding.

Mokgome Mogoba, Founder and Managing Partner at Kholo Capital, said: “We are very bullish about South Africa, the South African economy and the future prospects of this beautiful country and the surrounding region. We are heartened and motivated by the optimism and the resilience of its people. We aim to create in excess of 500 new jobs at a rate of more than 40 nett jobs created per investment and we have committed to investing more than 50% of the Fund in black empowered companies. We are excited at the opportunity to bring creative funding solutions to the Southern African market and to form long term sustainable partnerships with businesses over a 4 to 7-year investment horizon, realising not only strong commercial returns for our investors, but also providing transformational funding that has a positive ESG impact on businesses and surrounding communities as we also look to boost our rural and township economies.”

Zaheer Cassim, Founder and Managing Partner at Kholo Capital, added: “Mezzanine debt funding is non-dilutive by nature and therefore is an attractive funding option for family-owned businesses, BEE companies or any business that needs to raise capital and hold onto the equity in the business. And with the banks becoming more risk averse due to regulatory requirements, lending to small and medium sized businesses has reduced, creating a great opportunity for flexible mezzanine debt structures.  We are grateful that our investors recognise the opportunity and have shown us tremendous support.”

With a strong pipeline of opportunities, Kholo Mezzanine Debt Fund I is well positioned to advance its investment objectives, and make a sustainable impact in support of the real economy. 

Distributed by APO Group on behalf of Kholo Capital.

For more information contact:
Mokgome Mogoba
Managing Partner
Kholo Capital Mezzanine Debt Fund I
mokgome@kholocapital.com
Tel: +27-79-631-5860                                     

Zaheer Cassim
Managing Partner
Kholo Capital Mezzanine Debt Fund I
zaheer@kholocapital.com
Tel: +27-83-786-0845

About Kholo Capital Mezzanine Debt Fund I:
Kholo Capital is a specialist alternative investment fund management company with deep experience and track record in private markets. It was founded in 2020 by Mokgome Mogoba and Zaheer Cassim. The Kholo Capital investment team has more than 100 years of collective credit and investment experience and is highly skilled in senior debt, mezzanine debt and private equity. The investment team has a strong track record in the credit and investment space and has invested in excess of R50bn of mezzanine debt, private equity and senior debt investment transactions in over 90 transactions in more than 10 African countries. Kholo Capital Mezzanine Debt Fund I is managed by a cohesive, dynamic and nimble team and the management team has worked together over the last 21 years.

Website: www.KholoCapital.com

Read moreKholo Capital Mezzanine Debt Fund I Reaches Final Close at R1,4 Billion

u.s. Secretary of Energy Chris Wright to Deliver Keynote Address at 10th Powering Africa Summit

Location: News
EnergyNet Ltd.

Secretary Chris Wright, U.S. Department of Energy, has been confirmed as a speaker and guest of honour at the 10th Powering Africa Summit (PAS), taking place at JW Marriott Washington, D.C. across March 6-7. This is an important step to provide an answer to the question that all of African energy is now asking: how will the new Administration approach the strategic energy relationship between the U.S. and Africa

Under the Summit theme, The Future of the US & Africa Energy Partnership, U.S. Secretary of Energy Chris Wright will deliver a keynote address at the 10th annual Powering Africa Summit. Wright will be joined by representatives from the U.S. Department of State: Ambassador Troy Fitrell, Senior Bureau Official, Bureau of African Affairs; Kimberly Harrington, Acting Principal Deputy Assistant Secretary, Bureau of Energy Resources; and Stephen Banks, Acting Deputy Assistant Secretary for Energy Diplomacy, Bureau of Energy Resources. All will share their vision for this future relationship between African countries and the US-based investors that are so vital to realizing their energy ambitions.

“As Secretary of Energy, I am committed to unleashing all forms of affordable, reliable and secure energy here at home and advancing that mission of energy security around the world – and nowhere is that more critical than the continent of Africa. I look forward to joining the Summit to reaffirm the strategic energy partnership between the U.S. and Africa and share my vision for advancing innovation and removing barriers to energy access, both at home and around the world,” Secretary Wright said.

Ministers and governments from 19 African countries will arrive in Washington D.C., where the Africa Welcome Address will be given by H.E. Honourable Adebayo Adelabu, Minister of Power, Nigeria. Together with H.E. Honourable Jeremiah Kpan Koung, Vice President, Liberia; H.E. Honourable Dr. Dele Alake, Minister for Solid Minerals Development, Nigeria; H.E. Honourable Mahmoud Mustafa Esmat, Minister of Electricity & Renewable Energy, Egypt; H.E. Honourable Karim Badawi, Minister of Petroleum & Mineral Resources, Egypt; H.E. Honourable Bogolo Joy Kenewendo, Minister of Minerals & Energy, Botswana; H.E. Honourable Alex Wachira, Principal Secretary, Ministry of Energy & Petroleum, Kenya; and Amina Benkhadra, Director General, Office National des Hydrocarbures et des Mines (ONHYM), Morocco, he will meet distinguished Ministers and leaders from South Africa, Senegal, Ethiopia, Zimbabwe, Togo, Sierra Leone and more to drive energy development across the continent.

Flagship ministerial boardrooms and regional energy cooperation sessions will discuss and debate   derisking projects, South Africa's energy future, the need for West African regulatory reforms, and the role of hydrogen in North Africa. New areas of opportunity such as bitcoin mining and data centers will be discussed through an East African lens. The Mission 300 initiative, set to provide electricity access to 300 million people in sub-Saharan Africa by 2030, is also high on the agenda.

The 10th Anniversary Gala Drinks Reception sponsored by Genesis Energy, will celebrate International Women's Day, ahead of March 8.

Critical to the week's discussions will be a host of private players including Alliant Insurance Services, GE Vernova, ARM-Harith Infrastructure Investment, Globeleq, Africa50, Nextracker, Schneider Electric, Newmarket Capital and the summit's general sponsor, Sun Africa, who are looking to a new future for the U.S.-Africa relationship.   

Sun Africa CEO, Adam Cortese said: “We are seeing a sea change in how the U.S. participates in foreign infrastructure development and our unique model of development is an excellent illustration of how U.S. energy companies can thrive in emerging markets on a strictly commercial basis. Sun Africa remains committed to harnessing Africa's immense energy resources through innovative structures, state-of-the-art technology and strong alliances while maintaining our long-standing market-based approach to development.  At Sun Africa, we believe energy development on the continent truly represents an opportunity for win-win partnerships and look forward to sharing our experience.”

Simon Gosling, MD of EnergyNet added: “This summit has always been about bringing together African countries seeking investment with U.S.-based investors who see the vast potential on the continent.  It is more important than ever to establish the crucial energy projects that Africa needs. PAS25 will put the continent center stage and make sure that both sides have a future relationship to be excited about.”

Media Credentials Requited for Powering Africa Summit

The Secretary will open the Summit on 6 March, delivering a Keynote Speech at 09:45, followed by a Fireside Chat with Mission 300 Accelerator CEO, Andrew Herscowitz.

Distributed by APO Group on behalf of EnergyNet Ltd..

For more information, please get in touch with 
Poliana@EnergyNet.co.uk
Senior Marketing Manager

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