Prime Minister and Minister of Foreign Affairs Meets IAEA Director General

Source: Government of Qatar

Doha, June 02, 2026

HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani met in Doha on Tuesday with HE Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi.

During the meeting, they discussed reinforcing bilateral cooperation between the State of Qatar and the IAEA, as well as the latest developments pertaining to the negotiations on the Iranian nuclear program.

In addition, the two sides addressed a wide range of topics of shared interest.

Uganda: Parliament concludes vetting of ministers

Source: APO

Parliament has completed the vetting of Cabinet and state ministers who were recently appointed by the President Yoweri Museveni.

The two-day exercise was carried out by the Appointments Committee chaired by Speaker Jacob Marksons Oboth.

High on the agenda of some of the newly appointed ministers is combating corruption.

The State Minister for Local Government, Hon. Justine Nameere said action will be taken on errant officers in local governments noting that several whistleblowers have already reported incidents of corruption.

“The revenues at cities, districts and the divisions are being under declared. A city is collecting Shs1.7 billion, but an errant town clerk will tell you they are collecting Shs20 million. That is a huge leakage. We must ensure government programmes are alive and also buttress the supervisory role,” Nameere said.

The State Minister for National Guidance, Hon. Alioni Yorke Odria proposed digital measures to curb graft.

“Through the ministry, we are going to introduce software that we shall use to fight corruption, be it through phone calls or bank systems. We shall work with other ministries to ensure that this fight is done across the board,” Odria said.

Realignment of public service positions and transparency in recruitment for jobs is top on Hon. Lydia Wanyoto’s priorities as she commences her role as State Minister for Public Service.

“I have heard severally that there are many people in acting capacity, that there are challenges of promotions. There are reports of public service boards asking for bribes to give jobs. We shall ensure that Ugandans who qualify go through due recruitment processes and that no Ugandan pays for a public service job,” Wanyoto emphasised.

Ugandans were urged to remain calm and follow standard health operating procedures in light of the recent Ebola cases, with new State Minister for Primary Health Care, Hon. Charles Ayume noting that a lockdown is not necessary.

“We are guided by scientific evidence so we should not panic. A lockdown is usually the last measure but right now, the Ministry [Health] is doing whatever it takes through surveillance, creating awareness and early warning systems,” Ayume said.

Hon. Phyllis Chemutai, the State Minister for Primary Education pledged to work towards improving the standing of UPE schools in the country, especially through improving infrastructure.

“There is also a problem of poor feeding of primary pupils and many parents cannot afford the feeding policy. This causes children to perform poorly and dropout of school. I will advocate that children are given food to sustain them in school,” Chemutai pledged.

Amb. Adonia Ayebare, the Minister for Foreign Affairs said he will work towards bringing all Ministries, Departments and Agencies as stakeholders in Uganda’s foreign policy.

“This will ensure that we are all well-coordinated in delivering effective implementation of our foreign policy which is based on patriotism, regional integration and pan-Africanism,” Amb. Ayebare said.

The role of the Appointments Committee is provided for in Rule 173 of the Rules of Procedure of Parliament, which states that, the committee shall be responsible for approving, on behalf of Parliament, the appointment of persons nominated for appointment by the President.

The Speaker will now write to the President as provided for in Rule 177. 

“The Speaker shall communicate to the President in writing, within three working days after the decision of the Committee on Appointments, on any person nominated by the President for appointment,” the rule states. 

Distributed by APO Group on behalf of Parliament of the Republic of Uganda.

Media files

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Le Conseil d’administration du Fonds de développement des exportations en Afrique (FEDA) nomme M. Emmanuel Assiak au poste de Directeur général

Source: Africa Press Organisation – French

Le Fonds de développement des exportations en Afrique (FEDA), la branche d’investissement à impact sur le développement de la Banque Africaine d’Import-Export (Afreximbank) (www.Afreximbank.com), a annoncé la nomination de M.  Emmanuel Assiak au poste de Directeur général du FEDA, avec effet au 15 Décembre 2025.

Cette nomination intervient à un moment crucial de la croissance du FEDA, qui poursuit le développement de ses activités d’investissement visant à soutenir les efforts de développement des exportations et d’industrialisation de l’Afrique, notamment dans un contexte de forte fuite des capitaux. Un leadership fort sera essentiel pour permettre au FEDA de remplir sa mission de mobilisation et d’investissement de capitaux dans des secteurs tournés vers l’exportation, conformément aux priorités stratégiques d’Afreximbank.

M. Assiak possède plus de 30 ans d’expérience dans les services financiers, dont une vingtaine d’années dans le capital-investissement. Il a fait ses preuves en matière de pilotage et d’accompagnement d’investissements de grande envergure sur les marchés africains, et possède une expertise pointue en structuration de transactions, déploiement de capitaux et création de valeur. Il a piloté des investissements dans de nombreux secteurs en Afrique, siégé à plusieurs conseils d’administration et mené à bien des transactions complexes et des sorties d’investisseurs. Son expérience couvre le leadership, les partenariats stratégiques, le développement institutionnel et la conduite d’investissements transformateurs à travers le continent.

Il a fortement contrinué au développement du FEDA depuis sa création, ayant occupé les fonctions de Directeur Pionnier et de Directeur Général / Directeur des investissements pendant plus de six ans, et plus récemment celles de directeur général par intérim depuis novembre 2025.

Durant son mandat de directeur des investissements, il a joué un rôle clé dans la mise en place des plateformes d’investissement du FEDA et le développement de son portefeuille, contribuant de manière significative à sa croissance et à son développement institutionnel.

Avant de rejoindre le FEDA en 2019, M. Assiak était vice-président et associé principal à African Capital Alliance, un groupe d’investissement panafricain, et a occupé des postes de direction dans le secteur bancaire nigérian, notamment à Zenith Bank Plc et Continental Trust Bank (désormais intégrée au groupe United Bank for Africa (UBA)).

M. Assiak est titulaire d’un MBA de la Manchester Business School, d’une maîtrise en sciences économiques de l’Université de Lagos et d’une licence en sciences économiques de l’Université de Cross River State (rebaptisée Université d’Uyo). Il est membre Fellow de l’Institut des experts-comptables du Nigéria et est titulaire d’un certificat de cadre en capital-investissement délivré par le Coller Institute de la London Business School.

Dr George Elombi, Président d’Afreximbank et Président des Conseils d’administration de la Banque et du FEDA, a déclaré : « Le leadership de M. Assiak, sa connaissance approfondie des institutions et sa compréhension du marché africain du capital-investissement sont essentiels au renforcement du secteur privé africain, moteur clé du commerce intra-africain et de la transformation économique du continent. Compte tenu de son expérience, nous nous attendons à ce que le FEDA continue de mobiliser et de déployer des investissements stratégiques visant à accélérer l’industrialisation, la création de valeur ajoutée et le développement des exportations sur l’ensemble du continent ».

Commentant sa nomination, M. Emmanuel Assiak, Directeur général du FEDA, a déclaré : « Je tiens à exprimer ma sincère gratitude aux Conseils d’administration du FEDA et à Afreximbank pour leur confiance renouvelée. Le FEDA contribue de manière significative à la mobilisation de capitaux à long terme pour les secteurs industriels et d’exportation africains, et nous nous appuierons sur les solides fondations établies. Avec nos partenaires, le FEDA renforcera son impact en intensifiant les investissements qui créent de la valeur, renforcent le commerce intra-africain et soutiennent le programme d’industrialisation du continent ».

M. Assiak sera basé à Kigali, au Rwanda.

Distribué par APO Group pour Afreximbank.

Contact Presse : 
Vincent Musumba 
Responsable des communications et de la gestion événementielle (Relations presse) 
Courriel : press@afreximbank.com 

Réseaux sociaux :
FEDA

LinkedIn: https://apo-opa.co/4fmBGFT

Afreximbank
X: https://apo-opa.co/49wJph4
Facebook: https://apo-opa.co/3RFsD9m
LinkedIn: https://apo-opa.co/4uNQDFW
Instagram: https://apo-opa.co/4o4mdg4

À propos du FEDA :
Le Fonds de développement des exportations en Afrique (« FEDA ») est la filiale d’investissement à impact d’Afreximbank (www.afreximbank.com), créée pour fournir des capitaux propres, des quasi-fonds propres et des capitaux d’emprunt afin de financer le déficit de financement de plusieurs milliards de dollars (en particulier en capitaux propres) nécessaire pour transformer le secteur du commerce en Afrique. Le FEDA poursuit une stratégie d’investissement multisectorielle le long de la chaîne de valeur du commerce intra-africain, du développement des exportations à valeur ajoutée et de la fabrication, qui comprend les services financiers, la technologie, les biens de consommation et de détail, l’industrie manufacturière, le transport et la logistique, l’agro-industrie, ainsi que les infrastructures auxiliaires d’appui au commerce, telles que les parcs industriels.  À ce jour, la FEDA a investi plus de 1, 3 milliards de dollars dans des entreprises et des projets dans le cadre de ses différentes initiatives de fonds, dans des secteurs tels que l’industrie manufacturière, l’agroalimentaire, les services financiers, les soins de santé et les produits pharmaceutiques, entre autres.

Pour de plus amples informations, veuillez visiter www.FEDAgroup.org

À propos d’Afreximbank : 
La Banque Africaine d’Import-Export (Afreximbank) est une institution financière multilatérale panafricaine dédiée au financement et à la promotion du commerce intra et extra-africain. Depuis 30 ans, Afreximbank déploie des structures innovantes pour fournir des solutions de financement qui facilitent la transformation de la structure du commerce africain et accélèrent l’industrialisation et le commerce intrarégional, soutenant ainsi l’expansion économique en Afrique. Fervente défenseur de l’Accord sur la Zone de Libre-Échange Continentale Africaine (ZLECAf), Afreximbank a lancé les le Système panafricain de paiement et de règlement (PAPSS) qui a été adopté par l’Union africaine (UA) comme la plateforme de paiement et de règlement devant appuyer la mise en œuvre de la ZLECAf. En collaboration avec le Secrétariat de la ZLECAf et l’UA, la Banque a mis en place un Fonds d’ajustement de 10 milliards de dollars US pour aider les pays à participer de manière effective à la ZLECAf. À la fin de décembre 2025, le total des actifs et des garanties de la Banque s’élevait à environ 48,5 milliards de dollars US et les fonds de ses actionnaires s’établissaient à 8,4 milliards de dollars US. Afreximbank est notée AAA par China Chengxin International Credit Rating Co., Ltd (CCXI), A par GCR, A- par Japan Credit Rating Agency (JCR) et Baa2 par Moody’s. Moody’s (Baa2). Au fil des ans, Afrexi.mbank est devenue un groupe constitué de la Banque, de sa filiale de financement à impact appelée Fonds de développement des exportations en Afrique (FEDA), et de sa filiale de gestion d’assurance, AfrexInsure, (les trois entités forment « le Groupe »). La Banque a son siège social au Caire, en Égypte. 

Pour de plus amples informations, veuillez visiter www.Afreximbank.com

Media files

Fund for Export Development in Africa (FEDA) Board Appoints Mr. Emmanuel Assiak as Chief Executive Officer

Source: APO

The Fund for Export Development in Africa (FEDA), the equity investment arm of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), has announced the appointment of Mr. Emmanuel Assiak as its Chief Executive Officer, effective 15 December 2025.

The appointment comes at a pivotal stage in FEDA’s growth, as it continues to scale its investment activities to support Africa’s export development and industrialization agenda, especially amid severe capital flight. Strong leadership will be key to advancing FEDA’s mandate to mobilize and deploy capital into export-oriented sectors aligned with Afreximbank’s strategic priorities.

Mr. Assiak brings over 30 years’ experience in financial services, including about 20 years in private equity. He has a strong track record of leading and supporting large-scale investments across African markets, with deep expertise in transaction structuring, capital deployment, and value creation. He has led investments across multiple sectors in Africa, served on several corporate boards, and successfully executed complex transactions and investor exits. His experience spans leadership, strategic partnerships, institution-building, and driving transformational investments across the continent.

He has been closely involved in FEDA’s development since inception, having served as Pioneer Director and Managing Director/Chief Investment Officer for over six years, and most recently as the interim Chief Executive Officer since November 2025.

During his tenure as Chief Investment Officer, he played a key role in establishing FEDA’s investment platforms and building its portfolio, contributing significantly to the growth and institutional development.

Prior to joining FEDA in 2019, Mr. Assiak served as Vice President and Principal at African Capital Alliance -a pan-African investment group-, and held senior roles in the Nigerian banking sector, including at Zenith Bank Plc. and Continental Trust Bank (now part of United Bank for Africa (UBA) Group).

Mr. Assiak holds a Master of Business Administration (MBA) from Manchester Business School, a Master of Science in Economics from the University of Lagos and a Bachelor of Science in Economics from the University of Cross River State (now University of Uyo). He is a Fellow of the Institute of Chartered Accountants of Nigeria and holds an executive certification in Private Equity at the Coller Institute, London Business School.

Dr. George Elombi, President and Chairman of both the Board of Directors of Afreximbank and FEDA, commented: “Mr. Assiak’s leadership, deep institutional knowledge, and understanding of Africa’s private equity market are critical to strengthening Africa’s private sector, a key driver of Africa’s intra-African trade and economic transformation. Given his track record, we expect FEDA to continue to mobilize and deploy strategic investments aimed at accelerating industrialization, value addition, and boosting export development across the continent.”

Commenting on his appointment, Mr. Emmanuel Assiak, Chief Executive Officer, FEDA said: “I extend my sincere appreciation to the Board of Directors of FEDA and Afreximbank for their continued trust and confidence. FEDA is contributing significantly to mobilizing long-term capital for Africa’s export and industrial sectors, and we will build on the established strong foundation. Together with our partners, FEDA will deepen its impact by scaling investments that unlock value, strengthen intra-African trade, and support the continent’s industrialization agenda.”

Mr. Assiak will be based in Kigali, Rwanda.

Distributed by APO Group on behalf of Afreximbank.

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

Social Media: 
FEDA

LinkedIn: https://apo-opa.co/4fmBGFT

Afreximbank
X: https://apo-opa.co/49wJph4
Facebook: https://apo-opa.co/3RFsD9m
LinkedIn: https://apo-opa.co/4uNQDFW
Instagram: https://apo-opa.co/4o4mdg4

About FEDA:
The Fund for Export Development in Africa (“FEDA”) is the impact investment subsidiary of Afreximbank (www.afreximbank.com), set up to provide equity, quasi-equity, and debt capital to finance the multi-billion-dollar funding gap (particularly in equity) needed to transform the Trade sector in Africa. FEDA pursues a multi-sector investment strategy along the intra-African trade, value-added export development, and manufacturing value chain which includes financial services, technology, consumer and retail goods, manufacturing, transport & logistics, agribusiness, as well as ancillary trade enabling infrastructure such as industrial parks.  To date, FEDA has invested more than US$1.3 billion in companies and projects across its various fund initiatives, in sectors such as manufacturing, agro-processing, financial services, healthcare and pharmaceuticals, amongst others.

For more information, visit: www.FEDAgroup.org  

About Afreximbank: 
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2025, Afreximbank’s total assets and contingencies stood at over US$48.5 billion, and its shareholder funds amounted to US$8.4 billion. Afreximbank has investment grade ratings assigned by China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), GCR (A), Japan Credit Rating Agency (JCR) (A-), and. Moody’s (Baa2). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt. 

For more information, visit: www.Afreximbank.com

Media files

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Ecobank Group Launches World First Nature Bond Mobilising Global Capital to Protect Africa’s Natural Ecosystems

Source: APO – Report:

Ecobank Group (www.Ecobank.com) has launched the world’s first ICMA commercial bank-issued Nature Bond on the London Stock Exchange, creating a new route for international and African capital to protect Africa’s biodiversity. Moody’s awarded the transaction its highest possible sustainability quality score, SQS1 Excellent. The bond will support African farmers, sustainable agriculture businesses and water systems, protecting some of the planet’s most important ecosystems.

Impact on the ground in Africa

Africa is home to some of the world’s most important natural capital, including arable land, tropical forests, freshwater systems and biodiversity across hundreds of millions of hectares. But, until now, private nature capital has not flowed to Africa at the scale the continent’s ecological significance warrants in global ecological resilience. Despite hosting 25% of global biodiversity, Africa receives less than 3% of nature finance      

Ecobank’s Nature Bond is a direct response to this gap. It will support smallholder farmers adopting sustainable agricultural practices, agri-processors with verified deforestation-free supply chains, and water infrastructure protecting freshwater ecosystems relied upon by millions of people. Unlike many conservation-focused financing vehicles, Ecobank’s Nature Bond channels capital directly through Africa’s real economy — financing businesses and communities whose day-to-day activities shape environmental outcomes at scale.

The investments will be made in 24 markets, with significant deployment in biodiversity-priority countries such as Côte d’Ivoire, Burkina Faso and Ghana. Importantly, 81% of the eligible lending pool is allocated to countries where agricultural land-use change is the primary driver of biodiversity loss, helping direct capital to the areas where it can have the greatest environmental impact.

The framework also incorporates independent monitoring and verification mechanisms, including deforestation screening and supply chain traceability requirements, helping ensure that financed activities deliver measurable nature-positive outcomes. Every eligible loan carries seven independently verified sustainability conditions.

The launch of this bond also comes as governments and investors worldwide face mounting pressure to mobilise private capital for biodiversity protection and sustainable land use.

What is a Nature Bond?

A Nature Bond, under the ICMA secondary designation, requires proceeds to actively contribute to nature-positive outcomes, including transforming economic activities to reduce the drivers of nature loss at scale.

The Nature Bond was designed to reach those that conservation-focused instruments were not designed to serve – farmers, agri-processors and water operators whose daily activities collectively determine ecosystem outcomes.

While green bonds typically finance a broad range of environmental objectives, the Nature Bond designation focuses the use of proceeds specifically on nature-related outcomes, including biodiversity, sustainable agriculture, land use and water infrastructure.

The transaction

The USD 450 million bond was priced following strong investor demand with the final orderbook exceeding USD 1.36 billion – 3.9x the original target size. The strength of demand enabled Ecobank to increase the transaction by USD 100 million and tighten pricing by 50 basis points.

The transaction attracted support from both international and African investors, demonstrating Ecobank’s unique ability to mobilise capital across global and African markets.

For the first time, international and African capital markets have a credible, scalable mechanism for financing the protection of African natural capital through the communities who depend on it.

Jeremy Awori, Group Chief Executive Office, Ecobank Transnational Incorporated, commented:

“This transaction is a defining moment for African sustainable finance. Investors did not just support this bond. They demanded more of it, allowing us to increase the size and tighten pricing.

We are not a bank that simply labels bonds. We have spent four years building the systems, governance and accountability needed to make nature finance credible and scalable in Africa.

This bond is ultimately about the farmers, cooperatives and communities whose livelihoods depend on healthy ecosystems.”

Rachael Antwi, Group Head of Sustainability and ESRM, Ecobank Transnational Incorporated, added:

“Nature finance will only scale in Africa if it is practical, measurable and connected to the real economy. This bond is designed to do that by linking international capital to eligible lending for sustainable agriculture and water infrastructure across 24 countries. It reflects the systems and standards Ecobank has built to ensure nature finance supports both environmental resilience and the communities whose livelihoods depend on healthy ecosystems.”

– on behalf of Ecobank Transnational Incorporated.

Media Contact:
Christiane Mbimbe Bossom
Group Communications
Ecobank Transnational Incorporated
Email: groupcorporatecomms@ecobank.com

Hudson Sandler
ecobank@hudsonsandler.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 34 sub-Saharan African countries, as well as France, the UK, UAE and China, its unique pan-African platform provides a single gateway for payments, cash management, trade and investment. The Group employs over 14,000 people and offers Consumer, Commercial, Corporate and Investment Banking products, services and solutions across multiple channels, including digital, to over 30 million customers. For further information, please visit www.Ecobank.com.

Media files

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Le Groupe Ecobank lance la toute première obligation nature au monde, mobilisant des capitaux mondiaux pour protéger les écosystèmes naturels de l’Afrique

Source: Africa Press Organisation – French

Le Groupe Ecobank (www.Ecobank.com) a lancé, à la Bourse de Londres, la première Obligation Nature au monde émise par une banque commerciale, conformément aux principes de l’ICMA, créant ainsi une nouvelle voie pour orienter les capitaux internationaux et africains vers la protection de la biodiversité africaine.

L’agence de notation Moody’s a attribué à cette opération sa plus haute note de qualité en matière de durabilité, SQS1 Excellent. L’obligation soutiendra les agriculteurs africains, les entreprises d’agriculture durable et les systèmes hydriques, contribuant ainsi à protéger certains des écosystèmes les plus importants de la planète.

Des impacts concrets en Afrique

L’Afrique abrite une partie des capitaux naturels les plus importants au monde, notamment des terres arables, des forêts tropicales, des systèmes d’eau douce et une biodiversité s’étendant sur des centaines de millions d’hectares. Pourtant, jusqu’à présent, les capitaux privés dédiés à la nature n’ont pas afflué vers l’Afrique à la hauteur de l’importance écologique du continent pour la résilience écologique mondiale. Bien qu’elle abrite 25 % de la biodiversité mondiale, l’Afrique reçoit moins de 3 % des financements consacrés à la nature.

L’Obligation Nature d’Ecobank constitue une réponse directe à ce déficit. Elle soutiendra les petits exploitants agricoles adoptant des pratiques agricoles durables, les entreprises de transformation agricole dotées de chaînes d’approvisionnement vérifiées sans déforestation, ainsi que des infrastructures hydriques protégeant les écosystèmes d’eau douce dont dépendent des millions de personnes. Contrairement à de nombreux instruments de financement axés sur la conservation, l’Obligation Nature d’Ecobank canalise directement les capitaux vers l’économie réelle africaine — en finançant des entreprises et des communautés dont les activités quotidiennes influencent les résultats environnementaux à grande échelle.

Les investissements seront réalisés dans 24 marchés, avec un déploiement important dans des pays prioritaires pour la biodiversité tels que la Côte d’Ivoire, le Burkina Faso et le Ghana. Fait important, 81 % du portefeuille de prêts éligibles est alloué à des pays où le changement d’affectation des terres agricoles constitue le principal facteur de perte de biodiversité, ce qui permet d’orienter les capitaux vers les zones où ils peuvent avoir le plus grand impact environnemental.

Le cadre intègre également des mécanismes indépendants de suivi et de vérification, notamment des contrôles de déforestation et des exigences de traçabilité des chaînes d’approvisionnement, afin de garantir que les activités financées produisent des résultats mesurables et positifs pour la nature. Chaque prêt éligible est assorti de sept conditions de durabilité vérifiées de manière indépendante.

Le lancement de cette obligation intervient également à un moment où les gouvernements et les investisseurs du monde entier font face à une pression croissante pour mobiliser des capitaux privés en faveur de la protection de la biodiversité et de l’utilisation durable des terres.

Qu’est-ce qu’une Obligation Nature ?

Une Obligation Nature, selon la désignation secondaire de l’ICMA, exige que les fonds levés contribuent activement à des résultats positifs pour la nature, notamment en transformant les activités économiques afin de réduire à grande échelle les facteurs de dégradation de la nature.

L’Obligation Nature a été conçue pour atteindre ceux que les instruments axés sur la conservation n’avaient pas été conçus pour servir les agriculteurs, les transformateurs agricoles et les opérateurs de l’eau dont les activités quotidiennes déterminent collectivement les résultats des écosystèmes.

Alors que les obligations vertes financent généralement un large éventail d’objectifs environnementaux, la désignation Obligation Nature concentre l’utilisation des fonds spécifiquement sur des résultats liés à la nature, notamment la biodiversité, l’agriculture durable, l’utilisation des terres et les infrastructures hydriques.

L’opération

L’obligation de 450 millions de dollars US a été fixée à l’issue d’une forte demande des investisseurs, le carnet d’ordres final dépassant 1,36 milliard de dollars US, soit 3,9 fois l’objectif initial. La vigueur de la demande a permis à Ecobank d’augmenter l’opération de 100 millions de dollars US et de resserrer le prix de 50 points de base.

L’opération a bénéficié du soutien d’investisseurs internationaux et africains, démontrant la capacité unique d’Ecobank à mobiliser des capitaux à la fois sur les marchés mondiaux et africains.

Pour la première fois, les marchés internationaux et africains des capitaux disposent d’un mécanisme crédible et évolutif pour financer la protection du capital naturel africain à travers les communautés qui en dépendent.

Jeremy Awori, directeur général du Groupe, Ecobank Transnational Incorporated, a déclaré :

« Cette opération marque un moment décisif pour la finance durable en Afrique. Les investisseurs ne se sont pas contentés de soutenir cette obligation ; ils en ont demandé davantage, nous permettant d’en augmenter la taille et d’en resserrer le prix.

Nous ne sommes pas une banque qui se contente d’apposer une étiquette sur des obligations. Nous avons passé quatre années à mettre en place les systèmes, la gouvernance et les mécanismes de redevabilité nécessaires pour rendre le financement de la nature crédible et évolutif en Afrique.

En définitive, cette obligation concerne les agriculteurs, les coopératives et les communautés dont les moyens de subsistance dépendent d’écosystèmes sains.”

Rachael Antwi, directrice groupe du développement durable, Ecobank Transnational Incorporated, a ajouté :

“La finance en faveur de la nature ne pourra se développer à grande échelle en Afrique que si elle est concrète, mesurable et connectée à l’économie réelle. Cette obligation a été conçue dans cette optique, en reliant les capitaux internationaux à des prêts éligibles destinés à l’agriculture durable et aux infrastructures hydriques dans 24 pays. Elle reflète les systèmes et les normes qu’Ecobank a mis en place pour garantir que le financement de la nature soutienne à la fois la résilience environnementale et les communautés dont les moyens de subsistance dépendent d’écosystèmes sains.”

Distribué par APO Group pour Ecobank Transnational Incorporated.

Contacts Médias :
Christiane Mbimbe Bossom
Group Communications
Ecobank Transnational Incorporated
Email: groupcorporatecomms@ecobank.com

Hudson Sandler
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À propos du Groupe Ecobank (ou « Ecobank Transnational Incorporated » ou « ETI ») :
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Media files

Mashatile secures investment commitments during India visit

Source: Government of South Africa

Mashatile secures investment commitments during India visit

Deputy President Paul Mashatile says South Africa has secured commitments from Indian business leaders to expand investments in key sectors of the economy following the successful conclusion of the first leg of his working visit to India.

Addressing members of the media on Tuesday upon the conclusion of the first leg of his Working Visit, Deputy President Mashatile described the visit as highly productive and said it had strengthened the long-standing strategic partnership between South Africa and India while opening new opportunities for trade, investment and economic cooperation.

The Deputy President is leading a delegation of Ministers and Deputy Ministers on a working visit aimed at deepening bilateral relations and positioning South Africa as a preferred investment destination. 

“We have come to the capital of India to build on the long-standing friendship and partnership between our two countries. Currently, India ranks among the top 10 investing countries in South Africa.

“The purpose of this visit has been to strengthen our trade and investment relations. As such, we engaged business associates, current investors in South Africa and India, and those who want to invest in our country,” Deputy President Mashatile said. 

During the first leg of the visit, Deputy President Mashatile held high-level engagements with Indian leaders, including Vice President Chandrapuram Ponnusami Radhakrishnan and President Droupadi Murmu.

The discussions focused on strengthening cooperation in trade, investment, skills development, infrastructure and multilateral cooperation.

According to Deputy President Mashatile, the engagements reaffirmed the historic relationship between the two countries and highlighted opportunities for greater collaboration in trade diversification, investment promotion and skills development.

“Our meetings reaffirmed our historic common bond of cooperation and friendship between South Africa and India and the deep cooperation in the areas of trade diversification, investment promotion, skills development, and multilateral cooperation in such areas as BRICS, IBSA, the G20, and the United Nations,” the Deputy President said. 

He said both countries were seeking to align their cooperation with Africa’s Agenda 2063 and India’s Viksit Bharat 2047 vision to advance inclusive growth and development across the Global South. 
A key component of the visit was engagement with Indian business leaders and investors.

Deputy President Mashatile delivered a keynote address at the Global Trade and Technology Council of India (GTTCI) Business Round Table and met with representatives of the National Association of Software and Services Companies (NASSCOM), one of India’s leading technology industry organisations.

“There was consensus on South Africa and India transitioning from dialogue to action, aiming to transform historic solidarity into a future-oriented partnership centered on innovation, industrialization, and shared prosperity,” he said.

The South African delegation also met with major Indian companies operating in sectors including energy, water, infrastructure, agriculture and information and communications technology.

These included Mahindra Group, Jindal Power, IGT Solution, Thermax and UFlex.

“Our discussions focused on expanding investment footprints in South Africa in sectors such as renewable energy, automotive manufacturing, mining, and infrastructure,” he said. 

The parties also explored opportunities to strengthen cooperation in agricultural exports and agro-processing, mineral beneficiation and vaccine manufacturing.

Outcomes 
Among the major outcomes of the visit was a commitment by Indian industry leaders to increase investments in South Africa, particularly in clean energy, pharmaceuticals, ICT and automotive components.

Deputy President Mashatile also welcomed progress on agricultural trade following India’s notification of in-transit cold treatment for South African citrus exports.

The development is expected to create new opportunities for South African citrus producers seeking greater access to the Indian market.

The Deputy President said the visit had further strengthened cooperation between the two countries on reforming global institutions and advancing the interests of developing nations through multilateral platforms.

He noted that South Africa and India had also agreed to deepen people-to-people relations, recognising the strong cultural and historical ties between the two countries.

“This visit has laid a solid basis for greater cooperation and development of a better future for all. It has positioned South Africa as India’s gateway into Africa under the African Continental Free Trade Area, while reinforcing our role as a reliable partner in advancing the development agenda of the Global South,” he said. 

Second leg 
The second leg of Deputy President Mashatile’s visit will take him to Hyderabad, where he is expected to engage leaders in the pharmaceutical and information technology sectors.

The discussions will focus on expanding partnerships that support innovation, youth employment and economic growth.

“I committed myself to growing investment in South Africa and to building mutually beneficial relationships with India, rooted in shared prosperity. Our business in South Africa and India will be facilitated,” the Deputy President said.

The Deputy President expressed optimism about the future of bilateral relations and indicated that further engagements would follow.

“As the second Deputy President of South Africa to visit India, I want to affirm that though this trip is my first visit, it is the beginning of many to come. I look forward to returning to India in the near future to further strengthen our relations, deepen our economic partnership, and advance sustainable development,” he said. 

Deputy President Mashatile concluded by thanking the Government and people of India for their hospitality during the visit. – SAnews.gov.za

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Address by President Cyril Ramaphosa on The Presidency Budget Vote 2026, National Assembly, Parliament

Source: President of South Africa –

Speaker of the National Assembly, Ms Thoko Didiza,    
Ministers and Deputy Ministers,
Honourable Members,
Fellow South Africans,

Thirty years ago, the people of South Africa adopted a Constitution that transformed our country from a divided past into a democratic future. 

That Constitution remains our national covenant. It is the foundation upon which we are building a society founded on freedom, dignity, equality and opportunity for all.

The Constitution mirrors the hopes and aspirations of the millions of South Africans who played a direct role in drafting it. 

Our Constitution reflects the desire of our people for a government that is responsive, open and accountable. 

The Constitution reflects our people’s desire for a democracy where all three spheres of government serve the public interest, where power is exercised in accordance with the law, and where those entrusted with authority are subject to scrutiny and oversight.

This Presidency Budget Vote is the first to be considered since the National Assembly’s Committee on The Presidency was established in December 2025.

The Presidency welcomes the establishment of the Committee and members of this House can be assured of our full support for its work. 

Strengthening parliamentary oversight is good for transparency, accountability and our democracy. 

The Presidency occupies a unique place within Government in that it is not a service delivery department. 

The Presidency does not build roads, deliver water or supply medicines to clinics. 

The Presidency is not simply a coordinating institution. 

It is the strategic centre from which Government drives implementation, resolves blockages, mobilises partnerships and ensures that the commitments we make to the people of South Africa are translated into tangible results. 

The Presidency’s key role is:

Firstly, to drive inclusive growth and job creation. 

Secondly, to reduce poverty and tackle the high cost of living. 

Thirdly, to build a capable, ethical and developmental state.

The Presidency ensures that the efforts of departments, provinces, municipalities and social partners are coordinated, focused and directed towards the achievement of our developmental objectives.

Because The Presidency’s role is strategic rather than operational, its budget necessarily differs from those of frontline departments. 

Unlike frontline departments whose budgets are primarily directed towards service delivery, The Presidency’s mandate is to provide strategic leadership across the entire State.

Its resources are therefore invested in long-term planning, policy coordination, evidence-based decision-making, performance monitoring and implementation oversight. 

These functions are indispensable to ensuring that public resources are used effectively, that Government programmes deliver measurable outcomes and that the priorities of the nation are translated into action.

During the course of this financial year, The Presidency will focus its work on the priorities set out in the State of the Nation Address (SONA).

The first priority we set out in SONA is to grow the economy and create jobs.

Following years of challenges, our economy is on the mend. 

The macroeconomic environment has improved, tax collection revenues remain strong, public finances are in better shape and national debt has stabilised. 

Last week, the ratings agency Moody’s lifted South Africa’s rating outlook from stable to positive. This comes six months after S&P lifted South Africa’s credit rating for the first time in two decades. 

With dedicated investment expertise, The Presidency continues to coordinate the national investment drive. 

In March, we held a successful 6th South Africa Investment Conference, where we secured pledges in excess of R890 billion in industries across the economy.

Significantly, a substantial portion of investment commitments were from domestic investors. When local investors show confidence in the prospects of the economy, international investors follow suit.

Economic growth is not an end in itself. Its purpose is to create work, restore hope and expand opportunity. Every investment secured, every infrastructure project completed and every reform implemented must ultimately improve the lives of ordinary South Africans.

The Presidency is also working with the relevant department to protect jobs in the auto, cement, steel and other distressed sectors.

We have embarked on the largest infrastructure build in South Africa’s history. 

Over the next three years, the state will be investing R1 trillion in building and refurbishing roads, dams, schools, hospitals and clinics, as well as energy, logistics and transportation infrastructure.

The Presidency is coordinating efforts to broaden markets for South African goods.

We are strengthening our trade relations with our main trading partners, including a number of countries on the African continent, the European Union, the United States and China, while expanding the diversity and volume of our exports to other parts of the world.

For close to two decades, load shedding was one of the single largest constraints to economic growth and social development.

Through the National Energy Crisis Committee – and thanks to the efforts of Eskom, Government departments and social partners – the country has recorded more than a year without load shedding. 

Eskom has returned to financial and operational viability. 

New capacity continues to be added to the national grid including from renewables.

We are now working to bring load reduction experienced by communities in many municipalities to an end.

Through the focused work of Transnet, supported by the National Logistics Crisis Committee, the performance of our railways and ports is improving.

This is helping to ease longstanding bottlenecks across key economic sectors like mining, agriculture and manufacturing.

We are also seeing progress in other economic sectors.

For example, between January and March this year, agriculture recorded an 11 percent increase in export earnings compared to the same period last year. 

South Africa is now the world’s largest exporter of citrus by volume.

Access to productive land is essential to further grow our agricultural output, create jobs and lift people out of poverty. 

Over time, government has acquired around 2.5 million hectares of land under the Proactive Land Acquisition Strategy programme. 

This land has generally been leased to beneficiaries on a short-term basis, which limits their ability to borrow money, invest in the land, grow agricultural production and contribute to the rural economy. 

As part of our efforts to revitalise rural economies, to strengthen land rights and support the inclusion of black farmers in commercial agriculture, we have embarked on a concerted programme to release this land with title deeds to deserving beneficiaries. 

The Minister of Land Reform and Rural Development will outline the details of the programme to convert agricultural leases to title deeds.

In other areas of the economy, such as tourism, there is significant growth. 

South Africa recorded 10.5 million international tourist arrivals last year, which is the highest number of visitors on record.

And in the first quarter of this year, tourist arrivals were up by more than 12 percent compared to the same period last year.

These are some of the indicators of progress in pursuit of inclusive growth that creates jobs. 

They are the building blocks upon which investments are being secured and opportunities are being created for the people of South Africa.

Even while there is clear progress, events far from our shores are threatening to slow our emerging economic recovery.

The attack by the United States and Israel on Iran – and the conflict that has now engulfed much of the region – has set off a global oil crisis. 

The effects of the surge in oil prices – and of other critical supplies like fertiliser – are likely to undermine much of the progress we had made in bringing down inflation and the cost of living.

Together with disruptions to the global economy, these developments are likely in the immediate term to slow economic growth and hamper our efforts to create jobs.

We should anticipate that conditions will be difficult for the next while.

These developments are unfolding as the latest employment figures from Stats SA show a decline in employment in the last quarter.

We know from experience that it often takes time for investment to translate into economic growth, and for growth to translate into jobs. 

But we must still be deeply concerned about the decline in employment, because it is about people’s lives and livelihoods.

These difficulties underline the urgency of the work we are doing. We must move faster and with greater focus to implement our priority actions.

Another of the priorities we identified in SONA is to fight crime and corruption. 

We continue to rebuild and strengthen our law enforcement agencies, security services, National Prosecuting Authority and specialised anti-corruption bodies.

A critical area of focus is the South African Police Service.

We look forward to receiving the final report of the Commission of Inquiry into Criminality, Political Interference and Corruption in the Criminal Justice System which is chaired by Judge Mbuyiseli Madlanga.

The findings and recommendations of the Commission are expected to bolster our efforts to strengthen the SAPS.

The work of the Commission is already having an impact.

Following the submission of the Commission’s first interim report in December last year, the South African Police Service, working with the National Prosecuting Authority, set up a special task team to investigate referrals arising from the Commission. 

This task team has begun its work in earnest and has already brought a number of cases to court.

We must be unequivocal: public office is a public trust. 

Those who abuse public resources for private gain betray the Constitution, undermine development and steal from the poor.

There will be no tolerance for corruption, regardless of position, status or political affiliation.

The Presidency continues to oversee and coordinate the implementation of the recommendations of the State Capture Commission.

Of the 60 actions contained in our implementation plan, 80 percent are complete, substantially complete or on track. 

The recoveries by law enforcement linked to the work of the Commission now stand at over R17 billion.

Ten new Acts have been passed to close the gaps that state capture exploited.

These include acts to enable prosecution-led investigation of corruption, reform public procurement, professionalise public administration and overhaul our intelligence services.

Cabinet recently approved for public comment a draft Bill to amend the Protected Disclosures Act. This Bill aims to strengthen the protection of whistleblowers and is a vital pillar of our fight against corruption.

The Presidency is at the forefront of mobilising South Africans from all walks of life behind the national effort to end violence against women.

It exercises stewardship over the implementation of the National Strategic Plan to combat Gender-Based Violence and Femicide.

In November last year, gender-based violence and femicide was classified as a national disaster, and Cabinet has approved an action plan to tackle this crisis and commit the necessary resources.

Prevention is our priority. We are therefore increasing our efforts to promote positive masculinity, focused on boys and young men in schools, communities and organisations.

We continue to strengthen the response of the police, prosecutors and courts, and are improving support and care for survivors of gender-based violence.

Another important area is the economic empowerment of women through capacity building, improved access to public procurement and greater involvement in the value chains of key industries.

As we work to build a safer, more stable and more prosperous society, we need to address the challenge of migration.

When it is well managed and regulated, migration can help drive growth and opportunity for South Africans. 

However, we need to deal with illegal migration.

We have seen how illegal immigration can put pressure on our public services and undermine our efforts to create decent work.

As announced in SONA, Government is taking decisive action to address this challenge. 

We are cracking down on violations of immigration laws.

We are increasing our inspections of workplaces and prosecuting employers who violate our labour laws.

We are strengthening border security, stamping out corruption in the immigration system and closing the loopholes in fragmented immigration laws. 

We must be clear: every person in South Africa – whether they are citizens or foreign nationals – must respect our laws, and the rights of every person in our country must be upheld.

We must never give in to violence, xenophobia or vigilantism. 

As a society, we must stand against all forms of disinformation, incitement, racism and ethnic mobilisation.

We will strengthen and enforce our laws, while upholding the Constitution and the human dignity of all. This will enable us to deal with illegal immigration without turning against one another.

Another critical priority we outlined in the State of the Nation Address is to urgently resolve the water crisis affecting many parts of the country.

Drawing on our experience in ending load shedding, we have established the National Water Crisis Committee.

Coordinated from the centre of Government, the committee has begun implementation of the National Water Action Plan to address weaknesses in the management and delivery of water services.

Through the plan, we will pursue both immediate relief and lasting structural reform.

In the short term, national Government will intervene directly in municipalities facing acute water failures using existing constitutional and legislative powers.

Over the medium to long term, the water delivery model will be overhauled. 

Municipalities will be required to ring-fence water revenues so that what consumers pay for water is reinvested directly into fixing pipes, reservoirs and pumping stations.

We are also working to overhaul local Government so that it works for the people.

This is vital if we are to improve people’s lives. 

The true test of government is not what happens at the Union Buildings or in the Houses of Parliament. 

The true test is whether water flows from a tap, whether a streetlight works, whether refuse is collected, whether a road is maintained and whether a community feels safe. 

That is why fixing local Government is among the most urgent priorities of this administration.

It is vital to growing our economy and creating jobs. 

If the conditions for investment in our cities and towns are unfavourable, if there is a lack of electricity or water or poorly managed infrastructure, investors simply take their business elsewhere. 

That is why we continue to prioritise the revitalisation of local Government and to support efforts towards finalising the revised White Paper on Local Government.

As we undertake the far-reaching reforms outlined in the White Paper, The Presidency is using the working group model to support large metros. 

This model brings together The Presidency, municipalities, provincial government, business, SOEs, organised labour and representatives from civil society to implement priority interventions to turn municipalities around.

In 2024, we established the Presidential eThekwini Working Group, and in March last year, the Presidential Johannesburg Working Group.

Across all the metros in the country, we have prioritised key reforms to ring-fence revenue in the trading services. 

These reforms will enable greater investment in water, energy and waste management infrastructure to meet the growing service delivery demands in our cities. 

Another priority from the State of the Nation Address is to tackle youth unemployment and overhaul skills development in the country.

The Presidency is the coordinator of the Presidential Employment Stimulus and the Presidential Youth Employment Intervention.

For the current financial year, we will be expanding the National Youth Service under the Presidential Youth Employment Intervention to 100,000 community service youth employment opportunities.

The Presidency also supports the Youth Employment Service initiative led by the private sector, which connects unemployed youth with work experience opportunities.

The on-the-job training and skills development that beneficiaries receive through these programmes improves their labour market prospects and prepares them for opportunities to become entrepreneurs. 

We are implementing the commitments I made in SONA to overhaul the skills system. 

We are working to transition TVET colleges to offer occupational qualifications with embedded workplace experience, allowing more graduates to transition into employment.

We are also working to rationalise and reform the SETA system to strengthen industry ownership and reorient the Levy-Grant Incentive structure.

Community Education and Training colleges are being strengthened as pathways into livelihoods, micro-enterprise and second-chance education.
 
We are focusing on outcomes-based funding by reforming the National Skills Fund and scaling-up of the Jobs Boost Outcomes Fund.

Building a capable, developmental state is both a SONA priority and one of the three strategic priorities outlined in the Medium Term Development Plan.

A strong, capacitated and professional Presidency is the engine room of the capable, ethical and, increasingly digital, developmental state we are striving to build.

We are undertaking a broad range of initiatives to strengthen accountability, promote participatory democracy and deepen intergovernmental coordination.

We are advancing participatory democracy through the Presidential izimbizo. 

Through the District Development Model, we are mobilising all spheres of Government and local stakeholders to coordinate planning, budgeting and service delivery implementation in local Government.

The Presidency has a central role in advancing South Africa’s global and continental agenda.

The President and Deputy President continue to participate in outward investment missions and business forums with key trading partners.

This is part of deepening economic diplomacy efforts to attract investment in key sectors such as agriculture, critical minerals and manufacturing value chains.

A central part of this work is the advancement of the African Continental Free Trade Area, which presents unprecedented opportunities for trade, investment and industrialisation across the continent.

We continue to support key initiatives of South Africa’s G20 Presidency. These include the International Panel on Inequality, which is in the process of being formally established.

This year, South Africa will be assuming the chairship of SADC and will focus on advancing stability, cooperation and integration across our region.

We will continue to be involved with diplomatic efforts in support of peace processes in areas such as the Eastern DRC and South Sudan.

We continue to use our membership of the G20, BRICS, the Non-Aligned Movement and other bodies to assert the primacy of international law and the centrality of the United Nations in global affairs.

We remain convinced that the right to sovereignty and self-determination be extended to all people, including the people of Palestine, Western Sahara and Cuba.

The country will soon also be embarking on the next phase of the National Dialogue as we strive to chart a new course for our country.

Between June and August this year, pilot dialogues will be held across the country. These will include ward-based engagements, digital engagements and sectoral dialogues.

I call on all South Africans to come together once more and be part of crafting a new vision for South Africa.

Honourable Members,

The State of the Nation Address sets out the line of march.

The budget process gives effect to Government’s plans and programmes for the year ahead.

We have sought to outline the role of The Presidency in driving the national priorities.

We have sought to demonstrate the value of this strategic coordination, the progress that has been made and how we plan to build on that progress in the year ahead.

The progress we have made to date is not a product of chance.

It is the result of deliberate state action to drive a structural reform agenda across Government and with business, labour and other social partners.

The progress we are witnessing owes much to strategic direction from The Presidency to unlock growth and restore investor confidence.

Even as our economy is recovering, there is much still to be done.

Our people need jobs and the economy needs to grow at a pace that will create them. 

Local Government must be fixed with urgency and the state of service delivery must be turned around.

Corruption must be uprooted. Crime must be stamped out.

Government must serve the people and treat them with respect and dignity.

Work must now continue in earnest. 

Let us not allow ourselves to be deterred by distractions or political intrigue. 

The National Executive, Parliament and our courts are mandated to serve the South African people and give effect to the promise of the Constitution. 

This must be our overriding priority.

As I conclude, I express my gratitude to Deputy President Paul Mashatile, Minister in The Presidency, Khumbudzo Ntshavheni and Deputy Ministers, Nonceba Mhlauli and Kenny Morolong.

I also express my gratitude to the Director-General in The Presidency and all the advisers and officials who make this important institution at the heart of Government work.

I hereby commend this Budget Vote of The Presidency to the National Assembly and look forward to the debate. 

I thank you.

Government intensifies fight against corruption, illegal immigration 

Source: Government of South Africa

Government intensifies fight against corruption, illegal immigration 

President Cyril Ramaphosa says government will intensify efforts to combat corruption, address illegal immigration, tackle the water crisis and turn around struggling municipalities as part of a broader drive to build a capable and developmental State.

Addressing Parliament during the Presidency Budget Vote on Tuesday, President Ramaphosa said strengthening law enforcement institutions and restoring public confidence in government remain key priorities. 

“We continue to rebuild and strengthen our law enforcement agencies, security services, National Prosecuting Authority and specialised anti-corruption bodies,” he said.

The President said government was awaiting the final report of the Commission of Inquiry into Criminality, Political Interference and Corruption in the Criminal Justice System, chaired by Judge Mbuyiseli Madlanga.

He said the commission’s recommendations were expected to strengthen the South African Police Service (SAPS) and broader efforts to combat corruption and organised crime.

According to President Ramaphosa, a special task team established by SAPS and the National Prosecuting Authority following the commission’s first interim report had already begun bringing cases before the courts.

The President reiterated government’s commitment to rooting out corruption.
“We must be unequivocal: public office is a public trust. Those who abuse public resources for private gain betray the Constitution, undermine development and steal from the poor.

“There will be no tolerance for corruption, regardless of position, status or political affiliation,” he said. 

President Ramaphosa reported significant progress in implementing recommendations of the State Capture Commission. 

“Of the 60 actions contained in our implementation plan, 80% are complete, substantially complete or on track,” the President said. 

He added that recoveries linked to state capture investigations now exceeded R17 billion.
“The recoveries by law enforcement linked to the work of the Commission now stand at over R17 billion,” he said. 

The President said ten new laws had been enacted to address weaknesses exposed by State Capture, including legislation aimed at improving procurement systems, professionalising the public service and reforming intelligence services.

Government had also approved a draft amendment to the Protected Disclosures Act for public comment.
“This Bill aims to strengthen the protection of whistleblowers and is a vital pillar of our fight against corruption,” the President said.

GBVF 

He also highlighted government’s efforts to combat gender-based violence and femicide (GBVF), which he said had been classified as a national disaster in November last year.

“In November last year, gender-based violence and femicide was classified as a national disaster, and Cabinet has approved an action plan to tackle this crisis and commit the necessary resources,” he said. 
The President said prevention remains a priority, with increased focus on promoting positive masculinity among boys and young men.

Migration 

On migration, the President acknowledged growing public concerns about illegal immigration and its impact on public services and employment opportunities. 

“As announced in SONA [State of the Nation Address], government is taking decisive action to address this challenge. We are cracking down on violations of immigration laws.” 

The President said government was increasing workplace inspections, prosecuting employers who break labour laws, strengthening border security and addressing corruption within the immigration system.
At the same time, he warned against xenophobia and vigilantism.

“We must never give in to violence, xenophobia or vigilantism. We will strengthen and enforce our laws, while upholding the Constitution and the human dignity of all,” the President emphasised. 

Resolving the water crisis 

A major focus of government’s programme for the coming year will be resolving South Africa’s worsening water crisis. 

President Ramaphosa told Parliament that government had established a National Water Crisis Committee to coordinate implementation of the National Water Action Plan.

“Drawing on our experience in ending load shedding, we have established the National Water Crisis Committee,” he said. 

The committee will oversee both emergency interventions and long-term reforms aimed at improving water management and service delivery.

“In the short term, national government will intervene directly in municipalities facing acute water failures using existing constitutional and legislative powers,” he said. 

Fixing local government

The President said municipalities would also be required to ring-fence water revenue to ensure funds generated from water services were reinvested into infrastructure maintenance and upgrades.

He stressed that fixing local government was among the administration’s most urgent priorities.

“The true test of government is not what happens at the Union Buildings or in the Houses of Parliament. The true test is whether water flows from a tap, whether a streetlight works, whether refuse is collected, whether a road is maintained and whether a community feels safe.” 

President Ramaphosa said poor municipal performance was undermining economic growth and discouraging investment. 

“If the conditions for investment in our cities and towns are unfavourable, if there is a lack of electricity or water or poorly managed infrastructure, investors simply take their business elsewhere,” he said. 

To address these challenges, government is continuing to support reforms contained in the revised White Paper on Local Government and has expanded collaborative working groups in major metropolitan municipalities, including eThekwini and Johannesburg.

The President also announced plans to expand youth employment programmes, including the National Youth Service, which will provide 100 000 community service opportunities during the current financial year.

As government implements its reform agenda, President Ramaphosa called on all South Africans to participate in the next phase of the National Dialogue process, with pilot engagements scheduled to take place between June and August.

“I call on all South Africans to come together once more and be part of crafting a new vision for South Africa,” he said. 

He concluded by saying government must remain focused on improving service delivery, creating jobs, combating corruption and strengthening democratic institutions.

“Work must now continue in earnest. Let us not allow ourselves to be deterred by distractions or political intrigue,” the President said. – SAnews.gov.za

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eThekwini distances itself from alleged housing fraud

Source: Government of South Africa

eThekwini distances itself from alleged housing fraud

The eThekwini Municipality has moved to clarify its role following an alleged housing fraud case linked to a beneficiary of the Illovu Housing Project, stressing that the suspect is not a municipal employee.

According to the municipality, media reports incorrectly identified the suspect as an employee of eThekwini Municipality. The city said the accused is employed by a private company.

The allegations against the suspect relate to claims that she falsely declared herself unemployed in an attempt to qualify for housing assistance under the Illovu Housing Project, which was established to assist families affected by the 2022 floods.

The municipality noted that individuals earning more than R3 500 per month do not qualify for a housing subsidy.

According to the city, the discrepancy was detected by the KwaZulu-Natal Department of Human Settlements, which is responsible for implementing the project, as well as registering and approving beneficiaries.

While the identities of those alleged to have collaborated with the suspect have not been disclosed, eThekwini Municipality emphasised that it has not been involved in the subsidy registration, or approvals of potential beneficiaries linked to the Illovu Housing Project.

“The approval and non-approval of beneficiaries is managed through the Housing Subsidy System, which is managed by the Provincial Department of Human Settlements and not eThekwini Municipality,” the municipality said in a statement on Tuesday.

The municipality added that all beneficiary approvals for the project are undertaken by the Provincial Department of Human Settlements.

The city said it is disappointed by the false narrative being published and called for corrections to be made where incorrect information had been published.

A 64-year-old woman, allegedly acting as the kingpin of a massive cartel, appeared at the Durban Magistrate’s Court last week, for fraudulently obtaining a government-subsidised house intended for 2022 flood victims. The case was postponed to 22 June 2026. – SAnews.gov.za

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