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You are here: Home / Archives for Technology

Technology

4 April 2024

South African Agency Shakes Up PR Landscape: ‘Pay What You Can’ Model Empowers Startups

Location: MyPR

Johannesburg, South Africa, 2 April 2023 – A story of resilience and reinvention takes centre stage as South African communications powerhouse, JT Communication Solutions, celebrates its 20th anniversary on April 1st, 2024. Founded by Vanessa Perumal, a resilient business trailblazer and cancer survivor who defied the odds, JT Comms remains the first Black woman-owned communications …

Read moreSouth African Agency Shakes Up PR Landscape: ‘Pay What You Can’ Model Empowers Startups
4 April 2024

People struggle to get IDs at Khayelitsha Home Affairs as elections loom

Location: News

One person said they slept outside the Khayelitsha office on Monday night. Despite being among the first in line, they were only helped at 3pm on Tuesday.

Read morePeople struggle to get IDs at Khayelitsha Home Affairs as elections loom
3 April 2024

AFU cops R43 million preservation order against former DRC defence attaché

Location: News

AFU cops R43 million preservation order against former DRC defence attaché

The Asset Forfeiture Unit (AFU) has secured a R43 million preservation order emanating from a case of fraud and theft opened by the Democratic Republic of Congo (DRC) Embassy against that country’s former Defence Attaché to South Africa, Brigadier Ngoy Timothee Makwamba.

The order was handed down in the Pretoria High Court and is to preserve four properties and two bank accounts.

According to the National Prosecuting Authority spokesperson, Lumka Mahanjana, one of Makwamba’s duties as the defence attaché was to purchase weapons from South Africa’s state-owned defence, security and related technology company, Denel.

“The DRC embassy then made a payment of R49.6 million to the Denel group. However, the Denel Group could not process the order and arranged to pay back the money to the DRC Embassy.

“In December 2022, the DRC government terminated Brigadier Ngoy’s contract, and was no longer mandated to represent the country. Instead, Brigadier Ngoy fraudulently and unlawfully represented himself to Denel as the delegated representative of DRC. He was still a signatory of the Defence account of the DRC and had the authority to instruct them on where to make the refund payment.

“Brigadier Ngoy then provided the Denel Group with bank account details belonging to Johan van Heerden Attorneys where the Denel Group paid the refund of R49.6 million on 13 April 2023,” Mahanjana said.

She explained that the money was then transferred to bank accounts and used to purchase properties in the names of Ngoy’s children.

“Investigations by the Financial Intelligence Centre revealed the flow of funds which led to the identification of two bank accounts. After obtaining the preservation order on 02 April 2024 the Sheriff accompanied by the Curator Bonis as well as representatives of AFU attended to the four properties to serve the preservation.

“The four properties are now placed under the control of Curator Bonis. The next step is to apply for the final forfeiture order. After obtaining the final forfeiture order, the properties will be sold at a public auction and the money returned to the DRC,” Mahanjana said. – SAnews.gov.za

 

NeoB
Wed, 04/03/2024 - 09:59

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Read moreAFU cops R43 million preservation order against former DRC defence attaché
3 April 2024

Trina Solar Powers Groundbreaking Mooi Plaats 283MWdc Photovoltaic power plant in South Africa

Location: News
Trina Solar

Trina Solar (https://www.TrinaSolar.com/), a global leader in smart PV and energy storage solutions, has announced its partnership with China Energy International Group and China Gezhouba Group to power Mooi Plaats 283MWdc ground photovoltaic power plant project in the Northern Cape Province of South Africa. The project is financed by EDF Renewables, in conjunction with South Africa's local financial institutes.

The signing ceremony, held to mark this significant collaboration, underscores Trina Solar's commitment to driving renewable energy forward in Africa. The project will harness the power of 416,325 panels from the NEG21C.20 Vertex N, with impressive efficiency up to 23.2%. These modules are based on the 210mm product technology platform and excel in power, efficiency, reliability, and levelized cost of energy (LCOE). With a project duration of 22 months, the power generated from Mooi Plaats project will be connected to the Koruson substation, 12 km away via a 132 kV transmission line.

"We are proud to partner with China Energy International Group and China Gezhouba Group to bring this groundbreaking project to fruition," said  Bao Yang, President, Global Sales & Marketing at Trina Solar. “With a total capacity of 283MWdc, the Mooi Plaats PV Power Plant project is considered the largest single PV power plant project in South Africa and is set to make a substantial impact on the region's energy landscape. This collaboration exemplifies our shared commitment to driving sustainable development and powering the future of energy in South Africa." added Yang.

"We are excited to join forces with Trina Solar on this landmark project," said Hu Yuhong, General Manager at China Energy International Group South Africa. "This collaboration represents a significant step towards achieving our shared goal of promoting clean energy and sustainable development in South Africa."

 Chen Zhipei, Project Manager of Mooi Plaats project, at China Gezhouba Group, commented, "As a leading player in the global energy sector, we are proud to contribute our expertise to this project, which will not only deliver clean, reliable power but also drive economic growth and job creation in the region."

The Launch of 283MWdc Mooi Plaats PV Power Plant project represents a major milestone in South Africa's new energy market, Trina Solar is honored to contribute its expertise and technology to this transformative project, which will not only accelerate South Africa's transition to clean energy but also create new opportunities for economic growth and environmental stewardship.

Distributed by APO Group on behalf of Trina Solar.

About Trina Solar:
Founded in 1997, Trina Solar Co Ltd (stock symbol: Trina Solar; stock code: 688599) is engaged mainly in PV products, PV systems and smart energy. PV products include R&D, production and sales of PV modules. PV systems consist of power stations and system products. Smart energy comprises mainly PV power generation and operations and maintenance, smart solutions for energy storage, smart microgrid, and development and sales of multi-energy systems. We are committed to leading the way in smart PV and energy storage solutions and facilitating the transformation of new power systems for a net-zero future.

On June 10, 2020, Trina Solar was listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange(SSE). It was the first PV and energy storage company to go public on the STAR Market providing PV products and systems, as well as smart energy. For more information, please visit www.TrinaSolar.com.

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3 April 2024

ExxonMobil Foundation Collaborates with JA Africa on $300,000 science, technology, engineering and mathematics (STEM) Program

Location: News
JA Africa

Program to provide STEM and problem-solving skills to students across continent; Students to compete for chance to attend major regional industry conference; Aims to develop the next generation of African thinkers and workforce.

The ExxonMobil Foundation and JA Africa have launched the "ExxonMobil STEM Africa” initiative, a $300,000 program to promote science, technology, engineering and mathematics (STEM) for approximately 3,000 African students across Nigeria, Namibia, Angola and Mozambique.

The program will prepare middle and high school students for future STEM careers through immersive quizzes and hands-on experiences at Innovation Camps. The camps, delivered by JA Africa, will teach new approaches to addressing STEM-related challenges.

“Growing students' STEM skills is key in developing the next generation of problem solvers across Africa,” ExxonMobil Foundation President Alvin Abraham said. “We're excited to see how these young minds apply what they've learned through our program.”

Teams who present the best STEM solutions will represent their countries at a major regional industry conference in Cape Town, South Africa. Students will gain cross-cultural exposure, learn about energy from a global perspective and showcase their ideas while connecting with industry leaders.

“In an era where technology and innovation propel the global economy forward, Africa's position at the forefront of technological advancements is crucial for maintaining competitiveness and sustainable development,” said JA Africa President and CEO Simi Nwogugu. “We are grateful to the ExxonMobil Foundation for this partnership to nurture STEM competencies to shape Africa's future."

To learn more about the program, visit https://ExxonMobilSTEMsAfrica.org/

Distributed by APO Group on behalf of JA Africa.

About ExxonMobil Foundation:
The ExxonMobil Foundation is the primary philanthropic arm of Exxon Mobil Corporation in the United States. The Foundation engages in a range of philanthropic initiatives in areas where the company operates around the world, with a strategic focus on science, technology, engineering, and math (STEM) education.

About JA Africa:
As one of Africa's largest and most impactful youth-serving NGOs, JA Africa delivers hands-on, immersive learning in work readiness, financial health, entrepreneurship, sustainability, STEM, economics, citizenship, ethics, and more. JA Africa has a presence in 16 countries in Sub-Saharan Africa and collectively we reach more than 900,000 youth in more than 3,000 schools each year. JA Africa Works in Burkina Faso, Côte d'Ivoire, DRC, Eswatini, Ghana, Kenya, Madagascar, Mauritius, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia, and Zimbabwe. Learn more at www.JA-Africa.org.

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2 April 2024

The quest for certainty in e-commerce delivery

Location: MyPR

In today’s rapidly evolving world of e-commerce, one thing is abundantly clear: the receiver holds the reins. It’s the receiver—the customer—who ultimately dictates the trends and expectations that shape the industry. And, as someone deeply entrenched in the e-commerce landscape, I can confidently say that what the receiver wants, above all, is certainty when it …

Read moreThe quest for certainty in e-commerce delivery
2 April 2024

SARS collects R2.155 trillion in taxes

Location: News

SARS collects R2.155 trillion in taxes

While South Africa’s economy continues to face challenges of load shedding and impaired port and logistics operations, the South African Revenue Service (SARS) has collected a gross tax revenue of R2.155 trillion for the 2023/24 financial year.

Addressing a media briefing on the preliminary revenue outcome for the 2023/24 financial year, SARS Commissioner Edward Kieswetter said this amount was in line with the revised estimate representing a year-on-year growth of 4.2% against a nominal gross domestic product (GDP) of 4.9%.

“Net revenue, which is the revenue after refunds have been paid to tax payers amounts to R1.741 trillion, which exceeds the revised estimate set by the Minister of Finance by some R10 billion, representing a year on year growth of 3.2% (or R54.2billion) more than last year.

“This revenue performance translates to a tax-to-GDP ratio of 24.7% and a provisional tax buoyance ratio of 0.9% at gross level and 0.7% at net revenues,” Kieswetter said.

The revenue service refunded taxpayers with an amount of R414 billion, representing a year-on-year growth of 6%, which is the highest quantum of refunds paid out in the history of SARS. It increased by R33 billion from the prior year.

Vat refunds amounted to R343 billion, which represents a growth of 7.5% since the prior year.

“Noteworthy is that those refunds represent about 6% of GDP. It is therefore pleasing that R120 billion of these refunds were directed to Small, Medium and Micro Enterprises (SMMEs) and R37 billion to individuals. This is good for when business and individuals remain cash strapped. Refunds are often a form of funding during troubled times.

“Whilst we are pleased that the R414 billion returned into the hands of taxpayers is good for the economy, I remain concerned about fraud and abuse of our refund system. In the period under review, SARS was able to prevent the outflow of R101 billion of impermissible or fraudulent refunds and secure a number of successful prosecutions,” he said.

In trade facilitation for the period under review, SARS Customs facilitated a total of R8.5 million trade transactions amounting to R3.96 trillion. Exports amounted to just over R2 trillion, whilst imports were R1.937 trillion, resulting in a trade balance surplus of R11 billion.

“Our programme for Authorised Economic Operators (AEO), which is designed to give traders a green lane experience should they be accredited and maintain the high level of compliance, this year we added R145 new licensees, bringing the total number to 304 AEO.

“In our compliance environment, an encouraging trend is that we have increased our voluntary compliance index from 61.6% to 63.9%. This index was developed in 2020 in support of our strategic intent of our voluntary compliance and measures the overall compliance behaviour of tax payers across the compliance value chain of registration, filing declaration and payment,” the Commissioner said.

Revenue by tax products

Compared to the 2022/23 fiscal year, total tax revenue increased by R54.2 billion (3.2%), driven by personal income taxes of R49.5 billion (8.2% year on year or y/y) on the back of higher than estimated compensation of employees, as well as higher domestic VAT of R39.3 billion (8.1% y/y).

“Net Personal Income Tax, which accounts for 37.3% of total revenue, grew by R49.5 billion 8.2% in 2023/24, as employment improved year-on-year from and average wage settlement rates improved from an annual average of 6.0% in 2022 to 6.3% in 2023. PAYE collections from incentives and bonus payments predominantly from the finance sector also boosted PIT revenue.

"Net Corporate Income Tax (CIT) contracted by R31 billion (-8.9%) in 2023/24, while the mining sector saw a decline R42 billion, which is lower than the PY by 49.0%. The CIT contribution of large businesses contracted by 17.5%, while the contribution from small businesses increased by 8.8%. CIT collections accounted for 18.0% of total revenue," he said.

The Net Value-added Tax (VAT) growth of R25.4 billion (6.0%) is largely attributable to Domestic VAT (up by R39 billion (8.1%), import VAT (higher by R10.0 billion (3.9%) and higher outflow of VAT Refunds R23.9 billion (7.5%).

“SARS is determined to make it hard and costly for taxpayers who willfully fail to meet their obligations. The SARS compliance programme contributed R293.7 billion as at end of March (preliminary). This is an increase of R61.9 billion (26.7%) from the previous year’s R231.8 billion,” the Commissioner said.

Since its inception, SARS has collected R21.6 trillion in net tax revenues.

“The R21.6 trillion tax collections represents a compound growth of 9.9% per year since the inception of SARS in 1997. This has funded the South African democracy and touched the lives of millions who would be destitute without government support and services.

“We, who have the privilege to work at SARS, are justly proud of these achievements because these efforts contribute directly to nation-building and sustain our democracy,” Kieswetter said.

He said the revenue achievements of the past 30 years would not have been possible if it were not for the effective and beneficial partnerships established by working with compliant stakeholders in the tax and Customs ecosystems that deliver maximum benefits for taxpayers, traders, government, and citizens.

“Ultimately, we are augmenting the work of our employees, with the investment  in  data science, technology, and artificial intelligence, towards  the goal of making the fulfilment of tax obligation a seamless process,” Kieswetter said. –SANews.gov.za

 

nosihle
Tue, 04/02/2024 - 14:17

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2 April 2024

South Africa needs to accelerate its focus when it comes to addressing mental health issues

Location: MyPR

International World Health Day is celebrated on 7 April. This year’s celebration comes at a time when many health systems worldwide are looking for ways to address capacity issues and funding for essential services. Mental health is becoming a growing focal point, with many asking if enough is being done to address the issue appropriately. …

Read moreSouth Africa needs to accelerate its focus when it comes to addressing mental health issues
28 March 2024

ProfitShare Partners CEO Andrew Maren at Atlanta Phambili, Showcasing Support for African SMEs and Global Entrepreneurship

Location: MyPR

Atlanta, 28 March 2024: ProfitShare Partners, a leading advocate for African SMEs, is in Atlanta at the Atlanta Phambili event. Represented by CEO and Founder Andrew Maren, the company is showcasing its dedication to supporting South African SMEs on a global scale. Andrew Maren will take the stage to shed light on ProfitShare Partners’ commitment …

Read moreProfitShare Partners CEO Andrew Maren at Atlanta Phambili, Showcasing Support for African SMEs and Global Entrepreneurship
28 March 2024

Why Investing in Your Student Years Matters

Location: MyPR

The concept of investing might seem far-fetched while you’re still in your student years as it’s perceived to be for those with established careers and financial stability. But, knowing how to secure your financial well-being at an early age is one of the most important things you’ll ever do in life, and you don’t have …

Read moreWhy Investing in Your Student Years Matters
27 March 2024

Thinking Of Buying Your First Home? These Are The Steps To Follow

Location: MyPR

Paul Stevens, CEO of Just Property, demystifies the journey with this step-by-step guide to buying your first residential property in South Africa. Buying a property in South Africa is a significant financial commitment, and the process can feel overwhelming. The good news is that with the current market leaning in favour of buyers, it’s a …

Read moreThinking Of Buying Your First Home? These Are The Steps To Follow
27 March 2024

Smart Home Forecast: What’s in store for 2024?

Location: Business
CBI-electric: low voltage

Nowadays, the phrase ‘home is where the tech is' defines modern living, as South Africans increasingly (https://apo-opa.co/3TSowVR) adopt smart home innovations. These advancements are continuing to adapt and evolve in their capabilities which not only improve convenience and security but can also decrease energy consumption, contributing to cost savings.

This is according to Dr Andrew Dickson, Engineering Executive at CBI-electric: low voltage (www.CBI-LowVoltage.co.za/), who says that, in 2024, homes will become even more high-tech in terms of the efficiency, functionality, and personalised living experiences they provide. “We may still be a few years away from homes resembling those dreamed up by sci-fi movies, but we are already heading in the direction of smart technology becoming less of a luxury and more of a staple in modern homes.”

Below, he shares four trends that will help make South African homes smarter this year:

  1. Improved Internet Speed: In the early part of the year, the Independent Communications Authority of South Africa (ICASA) will hold another auction (https://apo-opa.co/43wkAO1) for radio frequencies including 5G. What the rollout of more 5G will mean for smart homes is lightning-fast internet speeds, instantaneous communication between devices, and the ability to connect even more gadgets within a smart home ecosystem for seamless integration and control. It will also allow for greater stability and reliability which will prove particularly useful when it comes to monitoring and controlling critical systems remotely in real time. Ultimately, the rollout of 5G is poised to elevate the capabilities of smart home technologies, making them even more intelligent and efficient.

In addition, WiFi-7 is set to roll out in the country this year which will improve internet connectivity to devices in the home, extend range and promises to deliver nearly five times the speed of Wi-Fi 6. This, however, is also reliant on the release of more spectrum and regulatory approvals.

  1. Incorporation of Artificial Intelligence (AI): Leveraging its data analysis and processing capabilities, AI discerns user patterns, utilising these insights to anticipate and implement homeowners' future decisions and choices. By integrating AI into smart home devices, these products can learn and adapt to a user's habits and preferences, optimising efficiency, intuitiveness, and responsiveness. Consequently, homes become attuned to the unique needs and preferences of their inhabitants. A practical illustration of this is a smart lighting system employing AI to automatically adjust the lighting throughout the entire home in accordance with the time of day or the user's activities. AI will also assist homeowners who may not be tech-savvy by offering them the opportunity to implement advanced automation with their smart devices without the need for manual programming.

In the future, generative AI will make smart homes even smarter. Soon, these tools will not only help to identify appliances that require preventative maintenance but also set up appointments with service providers for their upkeep based on the homeowner's schedule and availability.

  1. Smarter security: Technological innovations are becoming increasingly incorporated into various smart home security systems. Take, for example, the evolution of smart locks, which are now activatable through various interfaces such as fingerprint recognition, PIN codes, voice recognition, and phone apps. Blockchain is also set to play a crucial role in fortifying smart home security systems, rendering them more resilient and resistant to potential hackers. Additionally, AI has the potential to analyse residents' behavioural patterns, promptly notifying homeowners and their security companies if there are deviations or unusual activities within the premises.
  1. Energy optimisation: Anticipating a 20,200MW (https://apo-opa.co/43CvWQp) energy shortfall in 2024, homeowners are turning to smart home technologies like those in the CBI Astute Range (https://apo-opa.co/43yQJEu) of products to monitor and manage energy consumption. These technologies collect and analyse vast amounts of data, helping users identify areas for improvement. Plus, automation can assist them in adjusting their usage, even when they're not at home.

Additionally, as more South Africans embrace rooftop solar (https://apo-opa.co/3IUS6DT), smart technology enables the effortless integration of renewable energy sources to combat the impacts of load shedding while also ensuring that the power produced is used effectively and efficiently.

“In 2024, smart homes will become sanctuaries of innovation, enriching the lives of South Africans and heralding a future where homes understand, adapt and even pre-empt the unique needs of their residents," concludes Dr Dickson.

Distributed by APO Group on behalf of CBI-electric: low voltage.

For more information, go to https://CBI-LowVoltage.co.za or follow CBI-electric: low voltage on Facebook (https://apo-opa.co/3vvHgRW), Instagram (https://apo-opa.co/43Cr9hY), LinkedIn (https://apo-opa.co/4atY8Y6), X (https://apo-opa.co/4aw8czw), Threads (https://apo-opa.co/3VBbqxv) or YouTube (https://apo-opa.co/3IWb2Ce).

About CBI-electric: low voltage:

  • Established in 1949, CBI-electric: low voltage is a manufacturer and supplier of quality low voltage electrical distribution, protection, and control equipment. Previously known as Circuit Breaker Industries or CBI, the company specialises in the design, development, and manufacturing of circuit breakers, residential current devices, surge protection, wiring accessories, and metering products.
  • Head quartered in Johannesburg, South Africa, the company is a subsidiary of renowned JSE listed industrial group Reunert (https://www.Reunert.co.za/), with international operations across Africa, Asia, Australia, Europe, and USA.
  • CBI-electric: low voltage can be found in almost every home and has firmly become a market leader over the last 72 years while supplying products to authorities, utilities, manufacturers, commercial property developers, industrial, mining, telecommunications, and general power distribution applications.
  • In 2021, the brand launched its smart IoT (internet-of-things) home automation range, called the Astute Range.
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27 March 2024

South African projects seize opportunity to tackle climate crisis and create jobs

Location: News

British High Commission Pretoria
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The businesses were chosen from 173 applications following a rigorous selection process. The chosen projects come from the energy, transportation, agriculture, forestry and other land uses, circular economy and water sectors.

The businesses concerned will receive tailored one-to-one and group support from financial, technical and gender equality and social inclusion experts to help increase their chances of securing finance from South African and international investors. For the first time, two separate cohorts have been created to trial providing capacity building to promising early-stage projects.

So far, almost a third of projects from the first two phases of CFA South Africa have found investment since participating in the programme.

British High Commissioner to South Africa, Antony Phillipson said:

"South Africa has a huge number of companies and organisations with innovative ideas on how to tackle climate change. Support provided to these projects will help them secure investment, deliver green growth and jobs and contribute to South Africa meeting its climate commitments."

The 10 core cohort projects will undertake intensive capacity building before pitching to investors at an event in July, which early-stage projects will also be invited to attend.

The 5 projects selected in the early-stage pilot will have the opportunity to attend elements of the core capacity building training and will be encouraged to share their experiences with members of the core cohort, who may act as mentors.

CEO of the National Business Initiative (NBI), Shameela Soobramoney said:

"NBI believes that identifying and supporting innovative, low carbon companies across key green economy sectors is not just a strategic initiative, but a moral imperative. These companies represent the vanguard of progress, offering solutions to some of the most pressing challenges facing our country and the globe."

"Initiatives like CFA illustrate how targeted support, collaboration, innovation, and unwavering dedication can pave the way for a brighter, greener future for generations to come. If we don't create the future we want, the one we get will be worth infinitely less."

CEO of GreenCape (GC), Michael Mulachy said:

"Food systems, rare earth metal beneficiation, storage, e-mobility, waste and sanitation are all featured in this year's CFA finalists. This incredible cohort have solutions to some of the most pressing green economy challenges globally."

"Each finalist has found its niche in South Africa and has the potential to scale up rapidly – creating much needed jobs and investment in South Africa's green economy. The CFA programme has been an incredibly effective launch pad for these innovative green companies and GreenCape is eager to see the impact of this cohort."

The 10 core cohort projects are:

  • Charge - catalysing the decarbonisation of the transport sector by installing 120 off-grid, green-powered, ultra-fast charging stations for passenger and light delivery vehicles. Located approximately 150 km apart, this first phase of installations covers South Africa's major highways and regional routes (18,200 km).
  • Creslow Energy Solutions - renewable battery manufacturer based in Mpumalanga. The energy storage solution is aimed at leisure, commercial and industrial markets (battery packs are suitable for small to medium factories and shopping malls), as well with specialised solutions provided for the mining sector.
  • Cultura Fresh - expanding the existing successful hydroponic vegetable business to meet persistent excess demand. Cultura Fresh is currently the largest supplier of leafy greens in Western Cape. This expansion will create jobs and boost food security.
  • EWaste Africa - expanding EWaste Africa's existing offer of  storing, collecting, transporting and end-of-life management of e-waste by diversifying into reuse, refurbishment and repair of e-waste (electrical, electronic, solar and lighting equipment waste) and increasing recycling facilities for hazardous e-waste.
  • Loowatt - providing high-quality ‘Kalula' home toilets to customers in urban neighbourhoods that lack adequate sanitation access.
  • Manganese Metal Company - constructing a 5,000 ton per annum manganese sulphate monohydrate (MSM) plant, to be located in Mbombela. MSM is a key ingredient in electric vehicles batteries.
  • MycoSure - addressing sustainable food production by developing mycelium-based submerged biomass fermentation technology to produce alternative protein and nutraceutical ingredients at scale.
  • Nambu - turning food ‘waste' into high value insect protein for livestock and pet feed - including dog kibble, liquid based feed additive and a basic ruminant feed - as well as pelletised frass (fertiliser),
  • SOCO CAPITAL - a spin off from an Engineering Procurement and Construction company, now an Independent Power Producer delivering comprehensive solutions, including fully funded solar PV (Power Purchase Agreement) and battery offerings available for rental.
  • Valternative Energy - bringing next-generation clean energy solutions to the e-mobility sector in South Africa with electric bikes, smart batteries and swap stations.

The 5 early-stage cohort projects are:

  • Aquagel - Regenr8 is addressing climate change through food security. Regenr8 does this by offering organic bio-stimulant that disrupts the chemical fertiliser industry and stores CO2 in the soil for hundreds of years.
  • Breev - Breev has a vision of an EV charger in every town in Africa and currently aims to expand EV charging along 980,000 km of roads in South Africa and Kenya, doubling mobility options and reducing environmental impact.
  • React - enhancing access to recycling services and ethical standards by setting up decentralised micro material recovery facilities in low-income areas, integrating informal waste reclaimers as operators, and providing them with access to recyclables and eco-friendly transportation.
  • Smartfill - connected smart dispensers enabling consumers to accurately fill any container with the quantity of dry food they need, eliminating plastic packaging.
  • Solarfi - is set to connect 5 million individuals by distributing more than 500,000 innovative lantern-routers, delivering both internet and lighting to off-grid communities and driving progress through sustainable technology.

Distributed by APO Group on behalf of British High Commission Pretoria.

Read moreSouth African projects seize opportunity to tackle climate crisis and create jobs
26 March 2024

Legal Considerations when Protecting Your Intellectual Property

Location: MyPR

What is Intellectual property? Intellectual property (IP) is a legal concept that protects the creations of the mind, such as inventions, literary and artistic works, designs, symbols, and names. It grants creators exclusive rights to their creations, similar to physical property rights. IP law encompasses various categories, including patents, copyrights, trademarks, and trade secrets, each …

Read moreLegal Considerations when Protecting Your Intellectual Property
25 March 2024

Fund launched to empower young tech entrepreneurs

Location: News

Fund launched to empower young tech entrepreneurs

A transformative fund to empower innovators and tech entrepreneurs from higher education institutions was officially launched by the Department of Science and Innovation (DSI) and the United Nations Development Programme (UNDP) on Monday.

The Higher Education Innovation Fund is aimed at students aspiring to become innovators and tech entrepreneurs emerging from Technical Vocational Education and Training (TVET) colleges and universities.

“This will be done through programmes that support general entrepreneurship, ideation, and design thinking,” said Higher Education, Science and Innovation Minister, Dr Blade Nzimande, speaking at the launch in Pretoria.

He informed the audience that the stakeholders aim to fill the gaps in the current set of tools and programmes available to support innovation and technology entrepreneurship nationwide.

“This will be done through, among others, supporting business model development, validation and development of tech-entrepreneurship, support commercialisation, market access and IP [intellectual property] protection, and supporting scale-up and investor readiness.” 

According to Nzimande, there is a need for a well-coordinated, integrated and responsive innovation-entrepreneurship ecosystem to support student innovators and tech-entrepreneurship in higher education.

The parties are also looking at sufficiently funding an innovation-entrepreneurship ecosystem and for all partners to back the “ecosystem”. 

In addition, the fund also aims to train and up-skill student tech entrepreneurs, who are capable of developing and commercialising competitive innovative products, and to support the establishment and management of sustainable tech-enterprises. 

Unemployment 

The department said the fund represents a beacon of hope in addressing youth unemployment, inequality, and poverty by fostering the growth of the knowledge economy.

While South Africa grapples with youth unemployment, Nzimande noted a concerning trend of increasing unemployment among graduates, as reported by Statistics South Africa (Stats SA).

He highlighted a few challenges that characterise innovation and entrepreneurship in the post-school education and training (PSET) sector, including poor coordination across the ecosystem, a weak culture of entrepreneurship and innovation, and a lack of support and networks at institutions of higher learning. 

He raised concern about students’ limited exposure to entrepreneurial opportunities, mentoring and coaching, and a small number of innovation leaders in TVET colleges. 

Another stumbling block, he added, was the lack of early seed funding and incentives.

“These challenges are more acute in TVET colleges and historically disadvantaged universities,” Nzimande said.

Background

The fund’s establishment process began with a Memorandum of Understanding signed between Nzimande's department and UNDP in 2021.

The Higher Education Innovation Fund is provided by the 2019 White Paper on Science, Technology, and Innovation (STI), which according to Nzimande, acknowledges the challenge of high youth unemployment in the country.  

“Further to this, our Decadal Plan commits my department to transformation and inclusion of the marginalised, in terms of demographic, institutional and geographical transformation of the National System of Innovation.  

“This is why innovation for inclusion is a theme that runs across all chapters of our Decadal Plan and overlaps with many of the Policy Intents of the White Paper on STI,” the Minister explained. 

Nzimande’s department and the UNDP are the lead partners, while the Technology Innovation Agency (TIA) recently joined as a co-funder and potential implementer of some programmes and looking for more donors. 

“Equally important, in a couple of months, two calls for proposals will be publicised for interested parties with suitable programmes and expertise to apply," said the Minister.

Nzimande said they were looking to grow the Higher Education Innovation Fund to R1 billion. 

He also used his platform to invite private sector companies and other funding institutions to come on board and help achieve this objective.

“The Higher Education Innovation Fund is a first for our PSET system and country. Also, this fund has great potential to become a game changer in terms of the production of student innovators and tech entrepreneurs and by extension, helping us to address the interconnected challenges of skills development and youth unemployment.” – SAnews.gov.za

Gabisile
Mon, 03/25/2024 - 12:56

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Read moreFund launched to empower young tech entrepreneurs
25 March 2024

DPD: Trusted to deliver 8.4 million parcels per day, globally.

Location: MyPR

When it comes to parcel delivery, few names resonate on a global scale quite like DPD. The company’s reach, credibility, and the esteemed network it belongs to are nothing short of phenomenal. In this article, we delve into the vast expanse of DPD and its associated companies around the world, unveiling a picture of unmatched …

Read moreDPD: Trusted to deliver 8.4 million parcels per day, globally.
25 March 2024

Specific Cloud Platforms For Businesses To Use In South Africa

Location: MyPR

SevenC, a leading IT infrastructure and network service provider striving to identify and make available the best possible ICT strategies for its clients’ unique needs, explores the unique offerings of specific cloud platforms and how businesses can choose the right one. “Chances are, if you’ve navigated the web or used an app recently, you’ve interacted …

Read moreSpecific Cloud Platforms For Businesses To Use In South Africa
24 March 2024

Fight against TB gets $94 million boost

Location: News

Fight against TB gets $94 million boost

South Africa’s ongoing efforts to respond to Tuberculosis (TB) have been strengthened with funding of $94 million for the next five years.

“Just over R4 billion was budgeted in the 2024/2025 [financial year], meeting the projected needs for implementing the National Strategic Plan (NSP). Seventy-one percent of the TB budget is from domestic sources, 21% from Global Fund and 8% from United States government commitments,” Minister of Health, Dr Joe Phaahla said on Sunday in Sedibeng.

The Minister was addressing South Africa’s commemorations for World TB Day, which is being observed under the theme: “Yes! You and I Can End TB”.

“We applaud the announcement by National Department of Health and United States Agency for International Development (USAID) of the award of the Accelerate Tuberculosis Elimination and Program Resilience Activity (referred to as ACCELERATE) in the amount of $94 million for the next five years.

“As government, we welcome the generous support from Global Fund and the United States government and appreciate their continued support towards HIV, TB and sexually transmitted diseases (STDs) response,” Phaahla said.

In addition, the TB Programme of the National Department of Health has developed a comprehensive TB Recovery Plan dashboard, which is used by provinces and districts to monitor the progress of the TB programme.

The department has also developed an HIV and TB dashboard in the Health Information Centre.

“The South African National AIDS Council (SANAC) Situation Room is a state-of the-art data consolidation and visualisation hub built at the SANAC offices in Pretoria but can be accessed virtually from anywhere in the world.

“There is an enormous quantity of data that is generated in many parts and entities of South Africa. It exists in silos and that fragmentation is due to the lack of a central data repository and management point.

“This has made monitoring and evaluation of the country’s efforts against HIV, TB and STIs rather difficult. These new data visualisation dashboards have been set up precisely to address that challenge,” the Minister said.

Progress in fight against TB

Although South Africa remains among the TB high burden countries, there has been notable progress in the country’s fight against the disease.

“A steady decline has been noted in the number of people diagnosed with TB each year since 2007 where the figure was 644 000 compared to 280 000 in 2022. TB-related deaths are falling, but at a much slower rate,” the Minister said.

At last year’s commemoration South Africa launched the NSP for HIV, TB and STIs for the period 2023 to 2028 with ambitious targets for TB and the other two epidemics.

“The National Department of Health has further developed a TB Strategic Plan, which lifts our very pertinent actions that must be taken to address the TB specific challenges as we go towards the end date. This TB strategic plan is fully aligned with our NSP for HIV, TB and STIs and it will inform the content of the annual TB Recovery Plans for the period 2023 to 2027.

“The successful implementation of the NSP relies on several critical enablers such as the proper implementation of the National TB Recovery Plan, which is one of the tools we have to mitigate against the impact of COVID-19 on the national TB programme.

“We must scale up the implementation, use, and rapid uptake of new tools and innovations – these include GeneXpert; shorter and oral regimens for drug-resistant TB, as well as routine testing of TB contacts and at-risk populations,” the Minister said.

He said the collective counter-response to TB must focus on strengthening early case detection through targeted testing initiatives, particularly among vulnerable populations like men.

“There has been demonstrable will and desire by this government to use all innovations and technology to confront this challenge. As we all know, South Africa has been and remains the world leader in the introduction of new tools to test TB and to treat TB.

“The introduction of the new World Health Organization (WHO) approved Rapid Diagnostic tests for TB has been done as early as 2010. To date we are looking forward to targeted new generation sequencing.

“The introduction of new and repurposed TB drugs has helped significantly improve the proportion of cured drug resistant (DR-TB) patients. We have rolled out shorter regimens with better drugs for the treatment of drug resistant tuberculosis, with the notable launch of the bedaquiline-pretomanid-linezolid-levofloxacin (BPAL-L) programme in September 2023, that has almost 2,000 patients on a six-month DR-TB regimen,” the Minister said.

South Africa has been part of a vaccine development programme, which is conducted by GlaxoSmithKline (GSK).

“This gives us hope that indeed, we will end TB, by working with all role players, opinion makers, scientists, academics, politicians, and general population,” the Minister said. – SAnews.gov.za

 

nosihle
Sun, 03/24/2024 - 15:12

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22 March 2024

SA marks World Water Day

Location: News

SA marks World Water Day

Today South Africa joins the globe in marking World Water Day which is celebrated annually on 22 March.

South African Research Chairs Initiative (SARChI) Chairperson, Professor Bongani Ncube has underscored the need to improve access to productive water across South Africa’s disadvantaged communities.

“I’m talking about water for productivity, water for agriculture, [and] water that will take people out of poverty,” Professor Ncube said.

The SARChI was established in 2006 by the Department of Science and Technology (DST) and the National Research Foundation (NRF).

The main goal of the Research Chairs initiative is to strengthen and improve research and innovation capacity of public universities for producing high quality postgraduate students and research and innovation outputs. 

Ncube is based at the Cape Peninsula University of Technology, Centre for Water and Sanitation Research, under the Faculty of Engineering and the Built Environment. 

She is a Chairperson under the Department of Science and Innovation and the NRF (DSI-NRF) SARChI, established by the Science and Innovation and the National Research Foundation (NRF) in 2006.

Ncube said the country still has issues in these areas because the licensing process has not worked for many communities for a long time. 

“The compulsory licensing, validation and verification processes, which were supposed to enable the release of excess water to communities, has not worked very well. The process has improved but we still have many communities that do not have access to productive water. 

“At the household level, there are municipalities where access to basic water and sanitation services has become a challenge. That is why you see these water protests in South Africa,” Ncube said.

This year’s World Water Day is observed under the theme, 'Leveraging Water for Peace', which encourages communities and countries to use water as a tool for peace, when cooperating over this precious shared resource.

READ | DWS kick-starts National Water Month  

Ncube said South Africa relates to the 2024 global theme at both household and broader community levels because of its historical past, and also in terms of economic advancement, which brings under the spotlight policy shifts required to redress past access patterns. 

“South Africa has a very complicated history when it comes to access to resources, including water. The historical access [which] dates back centuries when water access mechanisms favoured the more privileged white communities, remains a challenged,” said Ncube.

After 1994, policies, legislation, and strategies were developed to make water equitably accessible to everyone.

Ncube noted that access to productive water in some communities has improved following the enactment of the National Water Act of 1998, which aims to reform the laws related to water, including redress of past racial and gender discrimination; promotion of equitable access to water; and facilitation of social and economic development. 

Draft National Water Amendment Bill

Ncube commended the Draft National Water Amendment Bill, which was published in the Government Gazette for public comment on 17 November 2023. 

“One of the intentions of that Bill is to redress the past inequity and to achieve equitable access for all communities. There are efforts that are taking place at the moment. The Bill is being revised to ensure that those water allocation issues that were not addressed by the National Water Act of 1998 are addressed.” 

Provision of basic water to households has vastly improved since 1994. 

According to Statistics South Africa data, 88.7% of the country’s households had access to water by 2021. 

“Climate change and drought add a further layer of complication when it comes to water access. But it is important for government to realise that, while situations like that occur, it is the poor that are the most affected and it is important that measures are put in place in terms of providing access,” Ncube said.– SAnews.gov.za

 

 

GabiK
Fri, 03/22/2024 - 12:48

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22 March 2024

We must reject the government’s dirty energy plans

Location: News

This year’s Integrated Resources Plan is horrifying

Read moreWe must reject the government’s dirty energy plans
21 March 2024

Black industrialists honoured for their outstanding contributions

Location: News

Black industrialists honoured for their outstanding contributions

President Cyril Ramaphosa has commended black industrialists who have been honoured for their outstanding contributions to the country’s economy and society.

“Your resilience, innovation and vision inspire us all to reach greater heights and build a brighter future for generations to come,” President Ramaphosa said.

Addressing the Black Industrialists and Exporters Conference and awards ceremony at the Sandton Convention Centre on Wednesday, President Ramaphosa called on all black industrialist companies to unite in their commitment to building a more inclusive, dynamic and prosperous economy that where every entrepreneur, regardless of background, has the opportunity to succeed.

The awards acknowledged the contributions by black industrialists to the economy while reflecting on progress made in advancing redress and transforming a skewed racialised economy.

A total of R261 billion has been committed for procurement from black industrialists companies over a period of five years.

“As we continue to support, invest and collaborate, we will unlock even greater potential and prosperity for our nation,” President Ramaphosa said on Wednesday.

He said through technology adoption, market diversification and strategic partnerships, black industrialists are positioning themselves as leaders in their respective industries and ambassadors of African excellence worldwide.

“As we celebrate the achievements of black industrialists, we must look to the future. Our businesses must not only thrive locally but also compete on the global stage.  

“My challenge to the 239 black industrialists who will benefit from these procurement commitments is to return to this stage at the 3rd Black Industrialists Conference, not as beneficiaries of procurement but as drivers of investment in the next generation of black entrepreneurs.

“These commitments will help to accelerate the re-industrialisation of our economy,” President Ramaphosa said.

The R27 billion committed to agriculture and agro-processing will bring more black farmers into the formal economy, readying them for the export opportunities that lie abroad.

“The R79 billion that has been committed for procurement in the retail sector will see more local products – made by black industrialists – in the hands of South African consumers.

“The R52 billion in procurement commitments in infrastructure will see more black-owned and -managed businesses contributing to the expansion and improvement of our ports, energy infrastructure and logistics networks.

“We are now at the point where black industrialists can be the capital that can fund and support growth in the next generation,” the President said.

President Ramaphosa said the black businesses are a cornerstone of the country’s economy.

“They are creating jobs, exporting goods, earning foreign exchange and helping to lift communities out of poverty.

“We know that the playing field for black business in South Africa is still not level. Yet there has been significant progress over the 30 years of freedom,” President Ramaphosa said.

The Black Industrialists and Exporters Conference also featured exhibitions that showcases proudly South African products manufactured by black industrialists and an awards ceremony that recognised and reward industrialists who have contributed significantly to industrialisation, job creation, poverty alleviation, innovation and transformation efforts.

The Black Industrialists and Exporters conference took place on the eve of the 20th anniversary of the implementation of the Broad-Based Black Economic Empowerment Act (B-BBEE Act).

The objective of the black industrialists programme is to increase participation of black South Africans in the ownership and control of productive enterprises in key sectors and the entire value chain of the country’s economy.

More than 600 firms supported by the Department of Trade, Industry, and Competition showed a turnover of about R80 billion during the 2023/24 financial year, illustrating the tangible results of drawing more black entrepreneurs into the industrial economy. – SAnews.gov.za

Edwin
Thu, 03/21/2024 - 07:20

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20 March 2024

Development of Cape Town’s The Rubik nears completion

Location: MyPR

CAPE TOWN, SOUTH AFRICA, 20 March 2024 – Cape Town’s skyline is reaching new heights as The Rubik, a dazzling luxury apartment complex in the heart of the CBD, has reached the peak of its vertical ascent. With 27 levels of premium living and commercial spaces, The Rubik’s modern glass exterior promises residents and businesses …

Read moreDevelopment of Cape Town’s The Rubik nears completion
20 March 2024

Black industrialists are job creators, wealth generators and agents of change

Location: News

Black industrialists are job creators, wealth generators and agents of change

Despite facing immense challenges, black industrialists have persevered, defying the odds and breaking barriers to create thriving businesses and contribute significantly to the nation's economic development.

“Today, we celebrate the power of empowerment. Empowerment that has not been handed out as charity but earned through hard work, resilience and unwavering determination.

“Black industrialists are not just job creators and wealth generators, they are agents of change, driving social and economic transformation in our communities,” President Cyril Ramaphosa said on Wednesday.

He said at the heart of every successful industrialist lies a spirit of innovation and creativity.

“Whether it is in technology, manufacturing, agriculture or services, they have shown that excellence knows no bounds and that Africa is a continent brimming with untapped potential and ingenuity.

“None of this progress would have been possible without the spirit of collaboration and partnership,” the President said, addressing the Black Industrialists and Exporters Conference at the Sandton Convention Centre.

President Ramaphosa said it was a good moment for the country to reflect on the empowerment journey which is a central part of the changes that have taken place over the last three decades.

“We have about 1 000 black industrialists present here today. This is a living testimony to the changes that have taken place in the past 30 years, and indeed, over the past five years,” President Ramaphosa said.

He said empowerment is a historical imperative to provide redress to black South Africans who were discriminated against and excluded under the apartheid regime.

“Even after the advent of democracy, and the removal of discriminatory laws, the racial features of privilege and disadvantage remained,” he said.

President Ramaphosa said underdevelopment in townships and bantustans limited access to economic opportunities.

“Bantu education left several generations without the skills needed to improve their economic situation.

“Much has changed in our country, but this iniquitous inheritance continues to diminish the economic prospects of many black and women South Africans. It is this inheritance that we are determined to overcome,” he said.

The President said for far too long, the country's economic landscape was marked by inequality, exclusion and systemic barriers that hindered the progress of aspiring entrepreneurs, especially those from black communities.

The conference takes place on the eve of the 20th anniversary of the implementation of the Broad-Based Black Economic Empowerment Act (B-BBEE Act).

It has shone the spotlight on the achievements, successes, opportunities and strides made by the Black Industrialists Programme since its inception in 2016.

This years’ conference features 53 large companies or procurers making pledges to buy from the growing class of black industrialists.

The conference will culminate with an awards ceremony aimed at recognising the contribution of Black Industrialists towards driving economic growth, social transformation and in advancing inclusive entrepreneurship in the South African economy.

More than 200 entries have been received and ten awards will be announced at the conference. – SAnews.gov.za

Edwin
Wed, 03/20/2024 - 15:14

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Read moreBlack industrialists are job creators, wealth generators and agents of change
20 March 2024

Ecobank Group Strengthens Leadership Team with Strategic Top-level Appointments

Location: Business
Ecobank Transnational Incorporated

Ecobank (www.Ecobank.com), the pan-African financial services group, announces the appointment of key senior executives to strengthen the Group's leadership team and to drive delivery of its new Growth, Transformation and Returns (GTR) strategy. Abena Osei-Poku joins as Regional Executive Anglophone West Africa and Managing Director Ecobank Ghana; Martin Miruka as Group Executive for Transformation, Enablement and Customer Experience; Anup Suri as Group Executive, Commercial and Consumer Banking; Michael Larbie as Group Executive, Corporate and Investment Banking; and Thierry Mbimi as Group Executive, Internal Audit & Management Services.

These top-level appointments are strategically important as Ecobank enters its next phase of growth and transformation, aiming to become the bank of choice and a leader in delivering responsive, innovative and affordable financial services' products and solutions for Africa. Ecobank Group has decided to combine the commercial and the consumer businesses, under the leadership of Anup Suri, underscoring its commitment to strengthening these two business units to drive growth. In addition, the establishment of the new role of Transformation, Enablement, and Customer Experience underscores the Group's determination to prioritizing the necessary leadership for the successful execution of its transformation.

Jeremy Awori, Chief Executive Officer, Ecobank Group, said: “These appointments are crucial to the execution of our recently announced five-year Growth, Transformation and Returns strategy. I am delighted that Abena Osei-Poku, Martin Miruka, Anup Suri, Michael Larbi, and Thierry Mbimi are joining our leadership team, each bringing proven, valuable, global and African financial services experience. I have no doubt that they will play pivotal roles in driving Ecobank's future growth and success.” 

Abena Osei Poku joined Ecobank in January. She is an accomplished Pan-African business leader with over 25 years of experience in the financial services industry. Her expertise spans Corporate and Investment banking, Business banking and Risk Management across Africa. Her previous roles include Executive Director for Commercial Banking, responsible for Corporate & Business Banking at Barclays Bank Ghana; Co-Regional Head of Coverage, Corporate & Investment Banking at Absa Bank Group, overseeing East and West Africa; and CEO and Managing Director of Absa Bank Ghana. Abena takes over from Daniel Sackey who is retiring from the Bank. We thank Daniel Sackey for his leadership, commitment, and effective service across the continent over the past 27 years at Ecobank.

Martin Miruka, who joined Ecobank in February, brings with him 25 years' experience as C-suite executive, business strategist, serial entrepreneur, and angel investor with strong credentials on pan-African transformation. His previous roles include Group Head of Business Transformation, Customer Experience, and Innovation at Equity Group Holdings, where he successfully led transformation by breaking the Group's strategic and operational silos, aligning technology investments with business strategy, and ultimately delivering a branded Customer Experience across multiple African countries. He was also the Founder/CEO of Atom TDF, Kenya's first indigenous brand strategy and innovation consultancy, and Kava Africa, a fintech/Insurtech based in Nairobi, Kenya.

Anup Suri assumed his new role in March. He brings a wealth of over 30 years of senior leadership experience across various industries and organisations in both developed and emerging markets across Asia, Africa, the Middle East, Europe, the UK, North America and South America. He joins Ecobank Group from HSBC Group where he was Managing Director, Global Head of Retail Sales and Third-Party Distribution. Anup previously held other senior roles at Standard Chartered Group, Standard Chartered Bank and ABN Amro.

Michael Larbie, who assumed his role in March, brings over 25 years of global senior financial services and investment banking experience. He served as CEO of International & Broader Africa at Rand Merchant Bank (RMB), prior to which he held the positions of CEO & Managing Director of RMB Nigeria and Regional Head of West Africa, as well as Head of Coverage & Investment Banking for Africa (excluding South Africa). His experience also includes senior investment banking roles at Merrill Lynch and senior project management roles at American International Group. Michael takes over from Eric Odhiambo, who will retire from Ecobank at the end of April. We thank Eric Odhiambo for his unwavering commitment, invaluable contribution, and dedicated service over the past six and a half years, first as Chief Risk Officer and then as Group Executive of Corporate and Investment Banking.

Thierry Mbimi, who also started in March, has 27 years of extensive industry and consulting experience, with the last 17 years in director-level roles. He brings with him a wealth of global experience in audit and risk management, complemented by a solid background in technology. Thierry was the CEO & Managing Partner for KPMG Central Africa (Audit, Tax, and Advisory), prior to which he held several roles in the organisation, including Partner and Head of West Africa Financial Risk Management, Lead Partner for the Financial Services Sector in Francophone sub-Saharan Africa and Global Services Lead Partner for the African Development Bank.

Distributed by APO Group on behalf of Ecobank Transnational Incorporated.

Media Contact:
Christiane Mbimbe Bossom
Group Communications
Ecobank Transnational Incorporated
Email: groupcorporatecomms@ecobank.com
Tel: +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 15,000 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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