Koeberg’s Unit 2 reaches 365 consecutive days of operations

Source: Government of South Africa

Koeberg’s Unit 2 reaches 365 consecutive days of operations

Unit 2 at the Koeberg Nuclear Power Station has successfully operated for 365 consecutive days – at an average of 99.4% Energy Availability Factor (EAF) – since major upgrades were completed.

This is according to Eskom, who said in a statement on Tuesday that the unit delivers about 946MW of reliable electricity to the national grid.

Bheki Nxumalo, Eskom Group Executive for Generation, said: “This milestone follows major upgrades to Unit 2, which returned to the grid on 30 December 2024 and has operated continuously since 9 March 2025.

“It showcases the strength of South Africa’s nuclear skills base. The successful installation of the new steam generators highlights the skill and dedication of the Koeberg team, engineers, technicians, operators, and support staff, who have worked tirelessly to ensure the unit runs safely and efficiently.”

The last time Unit 2 achieved a record-breaking performance run was on 18 January 2022, when it operated for 454 consecutive days.

The current run will not reach that milestone because the unit is scheduled to be taken offline for planned maintenance on 26 April 2026. By that date, projections indicate it will have achieved 412 consecutive days of continuous operation.

Eskom said although this figure has not yet been reached, the unit’s present performance already reflects strong reliability and operational stability.

“It also stands as proof of Eskom’s ongoing success in reducing unplanned outages and strengthening the dependability of its generation fleet.”

The continuous operation of Koeberg Unit 2 is not just a technical achievement; it has a direct impact on the daily lives of South Africans.

“For Cape Town and the rest of the Western Cape, Koeberg provides a local source of electricity, reducing dependence on power lines that stretch from coal‑fired stations in the north.

“This results in a more stable and reliable supply for households and businesses. For the country, Koeberg strengthens the grid by acting as a steady anchor, helping to prevent instability and reducing the need to run more costly power stations,” said the power utility.

Nuclear power also produces electricity without greenhouse gas emissions, supporting a cleaner environment while keeping costs affordable.

Eskom added that Unit 2’s nonstop run is a reminder of Koeberg’s vital role in supporting economic growth, protecting jobs, and ensuring energy security for South Africa.

To maintain this performance, the unit will enter its next planned outage on 26 April 2026, allowing Eskom to safeguard recent investments and ensure continued reliability for the next 20 years. – SAnews.gov.za
 

Janine

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Smart ID digitisation programme initiated in 2015

Source: Government of South Africa

Smart ID digitisation programme initiated in 2015

Government has in a statement on Tuesday corrected claims that the Department of Home Affairs’ partnership with banks on Smart ID cards is “new and driven by a political party”.

A statement issued by the Government Communication and Information System (GCIS) on Tuesday said the partnership with the banks was started as part of the multi-channel access model to increase the Department of Home Affairs’ footprint.

The Department of Home Affairs on Sunday officially entered its live operational phase, allowing people to apply for Smart ID cards directly at participating bank branches.

Through the programme, South Africans can complete a secure Smart ID application at selected bank branches within minutes using integrated digital systems.

The system allows banks to connect directly to the department’s systems through a secure digital gateway, enabling applications to be processed within 5 to ten minutes without completing paper forms or making prior bookings.

Instead of travelling long distances to one of the country’s 349 Home Affairs offices, applicants will be able to access services at bank branches in their communities.

“The Smart ID digitisation programme was initiated in 2015 under the then Minister of Home Affairs, Dr Malusi Gigaba, as part of government’s broader efforts to modernise the national identification system and enhance service delivery.

“At the time of its launch, the partnership included ABSA, FNB, Nedbank and Standard Bank and Investec. Discovery Bank joined in 2019 under the then Minister of Home Affairs Dr. Siyabonga Cwele,” said GCIS in its statement.

GCIS said the collaboration with banks forms part of the government’s multi-channel access model aimed at expanding the Home Affairs service footprint and making digital ID services more accessible to citizens across the country through the use of bank staff.

The initiative with banks is regulated by Memoranda of Understanding signed between Department of Home Affairs and the banks.

The security guarantees are assured because the ABIS database has the biometrics to ensure that no photo swaps can be facilitated at banks, said the GCIS.

There were 30 bank branches that participated in this initiative before the recent joining of Capitec to the programme. These branches were spread as follows: Gauteng (17), Western Cape (5), Eastern Cape (2), KwaZulu-Natal (3), Mpumalanga (1), Limpopo (1) and Northern Cape (1).

Government said it welcomed that Capitec has ultimately joined the initiative, under Dr Leon Schreiber, the current Minister of Home Affairs, and the upgrading of technologies in banks such as Standard Bank and FNB and the progression to the stage of applications being done at the banks.

“The advancement of this system will support government’s initiative to eradicate the green-barcoded ID books and move South Africans to a more fraud-proof digital IDs,” said the GCIS. – SAnews.gov.za

Janine

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Sunbeth Global Concepts lève 165,73 milliards ₦ avec une offre de papier commercial sursouscrite de 65%

Source: Africa Press Organisation – French


Sunbeth Global Concepts Limited (www.Sunbeth.net) a le plaisir d’annoncer la finalisation des émissions des séries 1, 2 et 3 dans le cadre de son programme de papier commercial, ce qui a permis de lever 165,73 milliards ₦, dépassant largement l’objectif initial de 100 milliards ₦ pour l’ensemble de la série.

Ouverte aux investisseurs le 27 février 2026 et clôturée le 6 mars 2026, l’émission a été structurée en trois séries d’une durée de 179 jours, 270 jours et 364 jours, offrant aux investisseurs de multiples options d’investissement à court terme.

Les billets ont été émis à des taux d’actualisation allant d’environ 19,0% à 19,3%, avec des rendements implicites compris entre 21,0% et 23,5%, reflétant une tarification alignée sur le marché et une forte participation d’investisseurs qualifiés.

Les émissions ont bénéficié d’une forte participation d’investisseurs qualifiés, reflétant la confiance croissante du marché dans le modèle opérationnel de Sunbeth, ses normes de gouvernance et son rôle croissant dans la chaîne de valeur des matières premières agricoles.

Le produit des émissions sera principalement utilisé pour soutenir les besoins en fonds de roulement des activités de Sunbeth dans le secteur du négoce de cacao au Nigeria, renforçant ainsi la capacité de l’entreprise à s’approvisionner, à financer et à exporter du cacao du Nigeria vers les marchés internationaux.

Commentant la clôture de l’émission et la forte participation des investisseurs, Nzubechukwu Anisiobi, directeur de l’exploitation, Sunbeth Global Concepts Limited, déclare : « La forte réponse des investisseurs à nos émissions de papier commercial de séries 1, 2 et 3 représente un véritable vote de confiance dans le modèle et la stratégie à long terme de Sunbeth. Nous sommes profondément reconnaissants envers nos investisseurs et partenaires financiers pour leur confiance et leur soutien. Cette étape importante renforce encore notre capacité à étendre nos opérations commerciales et à approfondir notre contribution au secteur africain des exportations agricoles ».

Adeyemi Aduwo, directeur financier, Sunbeth Global Concepts, a déclaré que le résultat reflète l’intérêt croissant des investisseurs pour la chaîne de valeur des exportations agricoles du Nigeria : « Le marché du cacao traverse une transition profonde en Afrique de l’Ouest, et les entreprises qui combinent de solides capacités commerciales avec une gestion disciplinée des capitaux seront les mieux à même de saisir cette opportunité. Cette émission renforce notre flexibilité en matière de liquidité, ce qui nous permet d’aligner le financement sur les cycles de négociation, de gérer la volatilité grâce à une gestion structurée des risques et de poursuivre notre expansion tout au long de la chaîne de valeur du cacao ».

Au-delà du négoce, la stratégie à long terme de Sunbeth Global Concepts est d’approfondir la participation sur l’ensemble de la chaîne de valeur, y compris la transformation et d’autres segments à plus forte valeur qui peuvent générer des marges plus stables tout en renforçant la position de l’Afrique sur le marché mondial du cacao. La société reste déterminée à maintenir une discipline financière solide, la transparence et le déploiement prudent du capital alors qu’elle continue d’étendre ses activités au Nigeria, au Cameroun, au Ghana et sur d’autres marchés clés d’origine de produits de base.

Le papier commercial sera coté à la FMDQ ou à la Nigerian Exchange (NGX), offrant transparence et liquidité aux investisseurs participants.

Distribué par APO Group pour Sunbeth Global Concepts.

À propos de Sunbeth Global Concepts Limited :
Sunbeth Global Concepts est une société mondiale d’approvisionnement et de négoce de produits agricoles qui s’engage à autonomiser les agriculteurs et à générer un impact socio-économique grâce à des partenariats stratégiques, à l’innovation et à l’expertise sectorielle. La société a son siège social au Nigeria, avec des opérations en Afrique de l’Ouest et centrale, y compris au Cameroun et au Ghana, et des bureaux commerciaux internationaux soutenant les marchés d’exportation mondiaux. Depuis sa création en 2017, la société s’est solidement enracinée dans les industries du cacao et de la noix de cajou et continue d’étendre son influence sur l’ensemble de la chaîne de valeur agricole, offrant une croissance durable et des solutions éprouvées à ses partenaires du monde entier.

BMA dismisses over 50 immigration officers for acts of corruption

Source: Government of South Africa

BMA dismisses over 50 immigration officers for acts of corruption

The Border Management Authority (BMA) has dismissed more than 50 immigration officials found to be involved in corrupt activities at ports of entry across the country.

Speaking to SAnews.gov.za on the sidelines of an Anti-Corruption Forum in Ladybrand on Tuesday, BMA Commissioner Micheal Masiapato said a further 38 immigration officials are currently under investigation.

Masiapato said the affected ports of entry include the Beitbridge, Lebombo, Oshoek and Maseru Bridge border posts, as well as OR Tambo International Airport.

The Commissioner highlighted the authority’s capacity challenges.

“In terms of capacity, we are operating at 25%. We are supposed to be at 11 200 and we are currently operating at 2 600. We have a 75% vacancy rate which is interpreted at 8 000 posts that are supposed to be filled within the Border Management Authority,” he said.

Masiapato welcomed the intervention of President Cyril Ramaphosa and Minister of Finance Enoch Godongwana, who have allocated more than R900 million to the BMA to recruit over 700 individuals from 1 April 2026.

As part of ongoing efforts to root out fraud and corruption at South Africa’s ports of entry, the BMA and the Border Management and Immigration Anti-Corruption Forum (BMIACF) took their anti-corruption campaign to the Maseru Bridge port of entry.

Leaders publicly signed a pledge against corruption and called on officials at the border to follow suit. After the official programme, officials conducted a walkabout at the border post.

Masiapato said the initiative aimed to ensure that every official understands what constitutes corruption.

“It is not just about large sums of money. As outlined in our Code of Conduct, it includes receiving any gratification, favouring relatives and friends, or abusing your position for personal gain,” Masiapato said.

He said the visit was intended to send a clear message that corruption will not be tolerated.

“There is no place for corrupt officials in the BMA. We are working with the Hawks and the Special Investigating Unit to ensure that those who tarnish our badge face the full might of the law.

“We cannot fix the borders if we are busy breaking the law ourselves. Our mandate is to facilitate legitimate trade and travel, not to erect barriers of bribery,” he said.

Masiapato warned that officials who accept bribes not only break the law but also enable criminal activity, deprive the state of revenue and compromise national security.

He warned corrupt officials that they would become “clients” of Correctional Services.

“You just need to be very careful that you don’t find yourself doing the wrong things,” he said, encouraging whistleblowers to come forward so that the officials can be dealt with accordingly. 

Special Investigating Unit (SIU) Acting Head and Chairperson of the Border Management and Immigration Anti-Corruption Forum Leonard Lekgetho said corruption erodes service delivery and robs citizens of opportunities for socio-economic development.

He said the recent investigations by the Special Investigating Unit had revealed disturbing realities. “These findings paint a grim picture, citizenship was made cheap, integrity betrayed, and the nation’s borders auctioned off one permit at a time,” he said.

Lekgetho said officials entrusted with safeguarding the immigration system have instead turned it into a marketplace where permits and visas were sold to the highest bidder.

He therefore called on government, business, civil society and labour to unite in a whole-of-society approach to confront this threat.

“Officials earning less than R25 000 per month received deposits amounting to over R16 million, funnelling bribes through spouses’ accounts to disguise their illicit gains.

“Some built mansions, purchased luxury vehicles, and enriched themselves by unlawfully approving fraudulent permits. Syndicates operated with precision, exploiting weaknesses in verification processes,” he said.

Lekgetho added that the SIU, under Proclamation 154 of 2024, has referred hundreds of matters for criminal prosecution, disciplinary action and administrative review.

“Officials implicated in fraudulent visa schemes have been dismissed and will soon be enrolled for prosecution and exposed,” he said.

The Border and Immigration Anti-Corruption Forum (BMIACF) was established in 2025. 

Lekgetho said the SIU has also developed the National Corruption Risk Management and Prevention Framework, which introduces proactive measures such as lifestyle audits, employee vetting, data analytics and the use of technology like artificial intelligence to detect irregularities before they occur.

“Prevention must stand alongside consequence management,” he said.

Major General Mogadi Bokaba of the Free State Hawks said tackling corruption requires collaboration with other stakeholders.

He said the Hawks were focussed on serious organised crime and commercial crime, adding that strides have been made.

Bokaba urged citizens to safeguard their identify documents.

“Corruption is intentional, people know what they are doing. There is no joy reading our colleagues their rights,” he said.

Dr Nicholas Funda from the South African National Parks (SANParks) said they were infiltrating the criminal syndicates but needed more capacity.

“We need to work together to infiltrate the criminal networks. Criminals don’t have boundaries, more boots are needed on the ground and more high-level convictions.”

Funda said harsher sentences must be imposed on these criminals to serve as a deterrent. – SAnews.gov.za

Edwin

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BMA dismissed over 50 immigration officers for acts of corruption

Source: Government of South Africa

BMA dismissed over 50 immigration officers for acts of corruption

The Border Management Authority (BMA) has dismissed more than 50 immigration officials found to be involved in corrupt activities at ports of entry across the country.

Speaking to SAnews.gov.za on the sidelines of an Anti-Corruption Forum in Ladybrand on Tuesday, BMA Commissioner Micheal Masiapato said a further 38 immigration officials are currently under investigation.

Masiapato said the affected ports of entry include the Beitbridge, Lebombo, Oshoek and Maseru Bridge border posts, as well as OR Tambo International Airport.

The Commissioner highlighted the authority’s capacity challenges.

“In terms of capacity, we are operating at 25%. We are supposed to be at 11 200 and we are currently operating at 2 600. We have a 75% vacancy rate which is interpreted at 8 000 posts that are supposed to be filled within the Border Management Authority,” he said.

Masiapato welcomed the intervention of President Cyril Ramaphosa and Minister of Finance Enoch Godongwana, who have allocated more than R900 million to the BMA to recruit over 700 individuals from 1 April 2026.

As part of ongoing efforts to root out fraud and corruption at South Africa’s ports of entry, the BMA and the Border Management and Immigration Anti-Corruption Forum (BMIACF) took their anti-corruption campaign to the Maseru Bridge port of entry.

Leaders publicly signed a pledge against corruption and called on officials at the border to follow suit. After the official programme, officials conducted a walkabout at the border post.

Masiapato said the initiative aimed to ensure that every official understands what constitutes corruption.

“It is not just about large sums of money. As outlined in our Code of Conduct, it includes receiving any gratification, favouring relatives and friends, or abusing your position for personal gain,” Masiapato said.

He said the visit was intended to send a clear message that corruption will not be tolerated.

“There is no place for corrupt officials in the BMA. We are working with the Hawks and the Special Investigating Unit to ensure that those who tarnish our badge face the full might of the law.

“We cannot fix the borders if we are busy breaking the law ourselves. Our mandate is to facilitate legitimate trade and travel, not to erect barriers of bribery,” he said.

Masiapato warned that officials who accept bribes not only break the law but also enable criminal activity, deprive the state of revenue and compromise national security.

He warned corrupt officials that they would become “clients” of Correctional Services.

“You just need to be very careful that you don’t find yourself doing the wrong things,” he said, encouraging whistleblowers to come forward so that the officials can be dealt with accordingly. 

Special Investigating Unit (SIU) Acting Head and Chairperson of the Border Management and Immigration Anti-Corruption Forum Leonard Lekgetho said corruption erodes service delivery and robs citizens of opportunities for socio-economic development.

He said the recent investigations by the Special Investigating Unit had revealed disturbing realities. “These findings paint a grim picture, citizenship was made cheap, integrity betrayed, and the nation’s borders auctioned off one permit at a time,” he said.

Lekgetho said officials entrusted with safeguarding the immigration system have instead turned it into a marketplace where permits and visas were sold to the highest bidder.

He therefore called on government, business, civil society and labour to unite in a whole-of-society approach to confront this threat.

“Officials earning less than R25 000 per month received deposits amounting to over R16 million, funnelling bribes through spouses’ accounts to disguise their illicit gains.

“Some built mansions, purchased luxury vehicles, and enriched themselves by unlawfully approving fraudulent permits. Syndicates operated with precision, exploiting weaknesses in verification processes,” he said.

Lekgetho added that the SIU, under Proclamation 154 of 2024, has referred hundreds of matters for criminal prosecution, disciplinary action and administrative review.

“Officials implicated in fraudulent visa schemes have been dismissed and will soon be enrolled for prosecution and exposed,” he said.

The Border and Immigration Anti-Corruption Forum (BMIACF) was established in 2025. 

Lekgetho said the SIU has also developed the National Corruption Risk Management and Prevention Framework, which introduces proactive measures such as lifestyle audits, employee vetting, data analytics and the use of technology like artificial intelligence to detect irregularities before they occur.

“Prevention must stand alongside consequence management,” he said.

Major General Mogadi Bokaba of the Free State Hawks said tackling corruption requires collaboration with other stakeholders.

He said the Hawks were focussed on serious organised crime and commercial crime, adding that strides have been made.

Bokaba urged citizens to safeguard their identify documents.

“Corruption is intentional, people know what they are doing. There is no joy reading our colleagues their rights,” he said.

Dr Nicholas Funda from the South African National Parks (SANParks) said they were infiltrating the criminal syndicates but needed more capacity.

“We need to work together to infiltrate the criminal networks. Criminals don’t have boundaries, more boots are needed on the ground and more high-level convictions.”

Funda said harsher sentences must be imposed on these criminals to serve as a deterrent. – SAnews.gov.za

Edwin

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Société internationale islamique de financement du commerce (ITFC) et la République islamique de Mauritanie signent un accord-cadre d’un milliard de dollars américains pour renforcer le commerce et le développement économique

Source: Africa Press Organisation – French

La Société internationale islamique de financement du commerce (ITFC) (www.ITFC-IDB.org), membre du Groupe de la Banque islamique de développement (BID), a signé un accord-cadre quinquennal d’un montant de 1 milliard de dollars américains avec la République islamique de Mauritanie pour la période 2026-2030 afin de renforcer la coopération et de soutenir les priorités de développement économique du pays grâce à des initiatives stratégiques de financement du commerce et de renforcement des capacités.

La signature a eu lieu lors de la visite officielle de S.E. Dr Abdallah O. Souleymane O. Cheikh-Sidia, ministre des Affaires économiques et du Développement et gouverneur de la BID, au siège du groupe de la BID à Jeddah. L’accord a été signé au siège de l’ITFC par S.E. Dr Abdallah O. Souleymane O. Cheikh-Sidia et M. Eng. Adeeb Yousuf Al Aama, directeur général de l’ITFC, en présence de S.E. Mohamed Lemine Dhehby, gouverneur de la Banque centrale de Mauritanie et gouverneur suppléant de la BID pour la Mauritanie, ainsi que de représentants de l’ITFC et de membres de la délégation mauritanienne.

Cet accord-cadre reflète la solidité du partenariat entre l’ITFC et la République islamique de Mauritanie et établit un cadre stratégique visant à soutenir le développement socio-économique du pays et à renforcer ses capacités commerciales au cours des cinq prochaines années.

Dans le cadre de cet accord, l’ITFC mobilise des financements et un appui technique au profit des secteurs prioritaires de l’économie mauritanienne, notamment l’énergie, le secteur bancaire et le développement du secteur privé. Le partenariat facilitera également le financement de l’importation de produits énergétiques, la mise à disposition de facilités de financement du commerce et de lignes de confirmation de lettres de crédit au profit des banques locales, ainsi que le soutien aux petites et moyennes entreprises (PME). Il comprendra également des programmes d’assistance technique visant à améliorer la productivité agricole et à promouvoir la facilitation du commerce dans les secteurs stratégiques de l’économie.

 S’exprimant à cette occasion, S.E. Dr Abdellah Souleymane Cheikh Sidia, ministre de l’Économie et du Développement de Mauritanie, a souligné que cet accord contribuera à mobiliser des ressources financières essentielles pour soutenir les priorités nationales de développement et favoriser une croissance économique durable.

M. Adeeb Yousuf Al Aama, DG de l’ITFC, a déclaré que cet accord témoigne de l’engagement continu de l’ITFC à soutenir ses pays membres à travers le développement du commerce. Il a également indiqué que ce partenariat contribuera à renforcer les secteurs clés de l’économie mauritanienne tout en élargissant les opportunités de commerce et d’investissement.

Depuis sa création en 2008, la Mauritanie est un partenaire de longue date de l’ITFC, avec des  financements cumulés dépassant 1,2 milliard de dollars américains, ayant soutenu des secteurs clés de l’économie et contribué au renforcement des capacités commerciales et de développement du pays.

Distribué par APO Group pour International Islamic Trade Finance Corporation (ITFC).

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À propos de la Société Internationale Islamique de Financement du Commerce (ITFC) :
La Société Internationale Islamique de Financement du Commerce (ITFC) est un membre du Groupe de la Banque Islamique de Développement (BID). Elle a été créée dans le but premier de promouvoir le commerce entre les pays membres de l’OCI, ce qui contribuerait en fin de compte à l’objectif global d’amélioration des conditions socio-économiques des populations à travers le monde. Ayant commencé ses activités en janvier 2008, l’ITFC a fourni 92 milliards de dollars de financement aux pays membres de l’OCI, ce qui en fait le principal fournisseur de solutions commerciales pour les besoins de ses pays membres. Avec pour mission de devenir un catalyseur du développement du commerce pour les pays membres de l’OCI et au-delà, la Société aide les entités des pays membres à obtenir un meilleur accès au financement du commerce et leur fournit les outils nécessaires au renforcement des capacités liées au commerce, ce qui leur permettrait d’être compétitifs sur le marché mondial.  

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The International Islamic Trade Finance Corporation (ITFC) and the Islamic Republic of Mauritania Sign US$ 1 Billion Framework Agreement to Strengthen Trade and Economic Development

Source: APO

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, signed a US$ 1.0 billion Five-Year Framework Agreement with the Islamic Republic of Mauritania covering the 2026–2030 period to strengthen cooperation and support the country’s economic development priorities through strategic trade finance and capacity-building initiatives.

The signing took place during the official visit of H.E. Dr. Abdallah O. Souleymane O. Cheikh-Sidia, Minister of Economic Affairs and Development and IsDB Governor, to the IsDB Group Headquarters in Jeddah. The agreement was signed at ITFC Headquarters by H.E. Dr. Abdallah O. Souleymane O. Cheikh-Sidia and Eng. Adeeb Yousuf Al Aama, Chief Executive Officer of ITFC, in the presence of H.E. Mohamed Lemine Dhehby, Governor of the Central Bank of Mauritania and IsDB Alternate Governor for Mauritania, as well as representatives from ITFC and members of the Mauritanian delegation.

The Framework Agreement reflects the strong partnership between ITFC and the Islamic Republic of Mauritania establishing a strategic framework to support the country’s socio-economic development and expand its trade capacity over the next five years.

Under the agreement, ITFC will mobilize financing and technical support for priority sectors of the Mauritanian economy, particularly energy, banking, and private sector development. The partnership will facilitate financing for the import of energy commodities, provide trade finance facilities and Confirmation Lines for Letters of Credit to local banks, and support small and medium-sized enterprises (SMEs). It will also include technical assistance programs to enhance agricultural productivity and promote trade facilitation in strategic sectors of the economy.

Speaking during the occasion, H.E. Dr. Abdallah O. Souleymane O. Cheikh-Sidia, Minister of Economic Affairs and Development of Mauritania, highlighted that the agreement will help mobilize critical financial resources to support national development priorities and foster sustainable economic growth.

Eng. Adeeb Al Aama, CEO of ITFC, noted that the agreement demonstrates ITFC’s continued commitment to supporting its member countries through trade-driven development and will help strengthen key sectors of Mauritania’s economy while expanding opportunities for trade and investment.

Since its inception in 2008, Mauritania has been a longstanding partner of ITFC, with cumulative approvals exceeding US$1.2 billion supporting key sectors of the economy and contributing to enhance the country’s trade and development capacity.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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Tel: +966 12 646 8337
Fax: +966 12 637 1064
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LinkedIn: International Islamic Trade Finance Corporation (ITFC)

About the International Islamic Trade Finance Corporation (ITFC):
The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving socioeconomic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided more than US$92 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity building tools, which would enable them to successfully compete in the global market.

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Virtual Keynote address by H.E. Deputy President Shipokosa Paulus Mashatile, Eastern Cape Traditional Leaders’ Summit, East London ICC

Source: President of South Africa –

Programme Directors, Nkosi Dalisizwe Dudumayo and COGTA HOD Vuyo Mlokothi;
Premier of the Eastern Cape, Mr Oscar Mabuyane; 
Your Majesties, Kings and Queens present here today;
Deputy Minister for Cooperative Governance and Traditional Affairs, Prince Zolile Burns-Ncamashe;
Deputy Minister for Agriculture, Ms Zoleka Capa;
MEC for Cooperative Governance and Traditional Affairs, Mr Zolile Williams;
Chairperson of the National House of Traditional and Khoisan Leaders, Kgosi Thabo Seathlolo; 
Chairperson of the Provincial House of Traditional and Khoisan Leaders, Nkosi Mpumalanga Gwadiso;
Members of the Executive Council;
Mayors and other Councillors present;
Esteemed Traditional Leaders; 
Distinguished Guests;

Ladies and Gentlemen,

When I received the invitation to address this Summit, I immediately recognised the importance of this gathering.

Not only because the President has tasked me with promoting social cohesion initiatives with Traditional and Khoi-San Leaders, but because you, as Royalty, occupy positions of profound importance in our communities.

You are entrusted by our ancestors to lead with honour, dignity, and wisdom. You are the custodians of our heritage, the guardians of our values, and the weavers of the social fabric that binds our nation together.

Although pressing commitments prevent me from joining you in person today, I address you with deep respect and humility.

My purpose today is to reflect on government’s progress in supporting traditional leadership and to consider how traditional institutions can continue to play a significant role in development and social cohesion within our constitutional democracy.
Let me state clearly: Government will never render traditional leaders irrelevant.

On the contrary, we recognise that traditional leadership remains a vital pillar of governance, particularly in rural communities.

Long before colonial powers arrived on our shores, traditional leaders were the heartbeat of governance in African societies. Councils convened under your leadership resolved disputes, upheld justice, and ensured the collective will of communities was respected.

Your authority was not imposed. It was earned through service, lineage, and trust by the people.

History also reminds us that when colonialism sought to dismantle indigenous systems, traditional leaders became both targets of manipulation and symbols of resistance.

Some were co-opted into structures designed to divide our people. Others remained steadfast, preserving languages, customs, and cultural identity in the face of oppression.

This resilience helped lay the foundation for the democratic society we enjoy today. The transition to democracy, however, also brought new complexities. Traditional leaders have had to navigate the important task of preserving cultural traditions while operating within a modern constitutional state.

Our Constitution recognises this reality. It affirms the institution, status, and role of traditional leadership according to customary law and acknowledges its significance within our democratic order.

This recognition reflects an important principle: our democracy must remain rooted in the lived realities of our people.

Across the country, we have witnessed traditional leaders adapting in meaningful ways to strengthen governance and development.

Legislative frameworks such as the Traditional Leadership and Governance Framework Acthave aligned traditional leadership with democratic principles.

Traditional Councils now work alongside municipalities within the system of cooperative governance. These councils include elected members and ensure the participation of women in leadership structures.
Through these changes, traditional leadership continues to evolve while preserving the heritage and legitimacy that communities place in these institutions.

However, challenges remain.

This Summit therefore provides an opportunity to reflect honestly on the support provided to traditional leadership since 1994, the obstacles traditional leaders face in fulfilling their responsibilities, and the practical steps required to strengthen cooperation between government and traditional institutions.

Ladies and Gentlemen,

The government has taken deliberate steps to restore the dignity and recognition of traditional leadership.
Platforms such as the National House of Traditional and Khoi-San Leaders, as well as Provincial and Local Houses, ensure that traditional leaders participate in shaping policies that affect rural communities.

Through these structures, traditional leaders have consistently raised critical issues including land rights, socio-economic development, institutional capacity, infrastructure support, policy reforms, and social cohesion.

In response, the President established the Inter-Ministerial Task Team on Matters of Traditional Leadership in 2022 to ensure a coordinated response to these concerns.

The Task Team focuses on five key priorities: advancing land rights and socio-economic development, strengthening traditional institutions, investing in infrastructure and skills, promoting nation-building and unity, and finalising policy and legislative reforms.

Through these initiatives, we reaffirm that traditional leaders are not bystanders in development. You are important partners in governance.
At the national level, traditional leaders play an advisory role on legislation and policies that affect customary law, land reform, and rural development.

At the provincial level, Houses of Traditional Leaders must strengthen collaboration with legislatures and provincial governments to ensure that programmes respond effectively to rural realities.

At the local level, traditional councils must work closely with municipalities to close service-delivery gaps and mobilise communities to protect public infrastructure such as schools, clinics, and water systems.

In the Eastern Cape in particular, traditional leaders have a crucial role to play in confronting some of the most pressing social challenges facing our communities.

When gender-based violence devastates families and communities, traditional leaders must stand at the forefront in declaring that no woman or child should live in fear.

Our government has classified Gender-Based Violence and Femicide as a national disasterto strengthen coordination in addressing this crisis.

But legislation alone cannot change behaviour. Community leadership is essential in challenging harmful attitudes and practices that perpetuate violence.

Similarly, when substance abuse and unemployment threaten the future of our youth, traditional leaders must guide young people towards discipline, opportunity, and hope.

Members of Royal Houses,

As custodians of communal land, traditional leaders carry a profound responsibility.

Land is not only a resource for economic development; it is also the foundation of identity, dignity, and empowerment.

Managing communal land requires transparency, fairness, and accountability so that development opportunities can benefit entire communities.

We must also recognise the potential of agriculture as a driver of sustainable development in rural areas.

The soil is one of our greatest assets. When cultivated wisely, it can create jobs, strengthen food security, and provide opportunities for youth and women.

Government initiatives such as the Presidential Employment Stimulus have already created more than 2.5 million employment and livelihood opportunities, many of them benefiting young people in rural communities.

The Social Employment Fund is also supporting agricultural initiatives by providing training, skills development, and access to markets for smallholder farmers.

Ladies and Gentlemen,

The fight against poverty, inequality and social fragmentation requires partnership between government and traditional institutions.

This spirit of partnership is also reflected in the National Dialogue, which has now entered its first phase.

Traditional and Khoi-San Leaders form part of both the Eminent Persons Group and the National Dialogue Steering Committee, ensuring that voices rooted in community wisdom and heritage help shape the national conversation.

I encourage traditional leaders across the country to actively participate in the community dialogues that will inform the National Dialogue Convention later this year, which will be led by the President.

During this Summit, let us reaffirm that the battle against social ills cannot be fought in isolation.
It is won when chiefs, councillors, churches, schools, and civil society stand together.

It is won when we empower women as pillars of resilience and invest in youth as the leaders of tomorrow.

And it is won when dignity is restored to every household.

As we move forward, let us strengthen the partnership between elected leaders and traditional authorities so that together we build a society that is inclusive, just, and firmly rooted in the heritage of our people.

As you continue with deliberation for the duration of this programme, I wish you robust and directive engagements.

Ndiyabulela, I thank you.
 

Gauteng remains heartbeat of SA economy – Maile

Source: Government of South Africa

Gauteng remains heartbeat of SA economy – Maile

Despite global economic volatility and geopolitical tensions, Gauteng remains the “engine of the national economy”.

This according to Gauteng Finance and Economic Development MEC Lebogang Maile who tabled the Gauteng 2026/27 budget on Tuesday.

The province contributes some 33% of South Africa’s Growth Domestic Product with provincial growth expected to grow higher than South Africa’s real economic growth projected to reach 1.6% in 2026.

“Gauteng remains the engine of the country’s economy, driven by, among other sectors, finance, trade, and transport. The province’s annual [GDP] by region amounts to more than R2.4 trillion.

“However, data from our 2026 Socio-Economic Review and Outlook…shows that metropolitan municipalities and district municipalities continue to face substantial economic and structural challenges. These have constrained investment, growth, and employment creation in local economies.

“That said, economic projections for the medium-term point to steady recovery with provincial economic growth expected to reach 2.1% in 2026 – significantly above the national average,” Maile noted.

He added that the province is positioned to “continue increasing the number of jobs created in the province”.

“In 2025, we created over 250 000 jobs in the province, with the second quarter of 2025 seeing a creation of 95 000 jobs – the highest number of jobs created by a single province in South Africa.

“There are currently just over 6 million people employed in Gauteng. Trade and construction were among the leading sectors for job creation, demonstrating that despite the difficult climate we find ourselves in, businesses continue to have confidence in the capacity of the province to turn things around,” he said.

Investment commitments

Turning to Gauteng’s investment drive, Maile reported that some 28% of the R312.5 billion in pledges garnered from the 2025 Gauteng Investment Conference (GIC) have been converted into active projects.

“But conferences are not judged by attendance numbers or headlines. They are judged by implementation. It is therefore important that we account not only for what was pledged, but for what has been delivered.

“As of February this year, 28% of the investment pledges secured in 2025 have already been converted into projects and are being implemented. [Some] 18 out of 60 projects are now in a roll-out stage. These projects are to the value of just over R80 billion which will unlock this into the real economy.

“These are not theoretical commitments. They are projects under construction, expansions underway, energy developments advancing, and jobs being created. This conversion rate is central to our credibility,” he said.

The next iteration of the GIC is expected to be held in April.

“For the upcoming GIC, our objective is to secure new investment commitments. We remain determined to secure R800 billion in investments by the end of the 7th administration.

“This target is not aspirational. It is pipeline-backed and supported by structured engagement with domestic investors, foreign direct investors and sector leaders. It builds on the momentum of 2025 – but it moves us from mobilisation to institutionalisation. We are institutionalising marketing, origination, facilitation and delivery,” Maile insisted.

Revenue measures

Maile highlighted only 5% of the province’s revenue is derived from its own sources, collected from motor vehicle licences, gambling taxes, patient fees and interest earned on treasury investments.

The province’s total revenue collection for 2026/2027 is projected to reach some R8.2 billion.

To strengthen collections, the provincial government is in the process of amending and reviewing the Gauteng Gambling Bill to “allow…for us to be able to regulate online betting”.

“In the period between 2019 and 2025, the Gauteng Provincial Government lost out on significant revenue amounting to hundreds of millions due to a lack of a formal provincial licensing framework for online betting. This has been implemented with great success in other provinces. 

“With this legislative amendment, the Gauteng Provincial Government aims to tighten regulations focusing on strengthening oversight, improving compliance monitoring, and implementing automated responsible gambling interventions. There are various other legislation that we are looking at including Gauteng Liquor Act and Regulations,” he added.

Furthermore, a Panel of Debt Collectors is expected to be appointed to “provide debt collection services to Gauteng Provincial Government institutions to collect outstanding debt”. – SAnews.gov.za

NeoB

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Nigeria’s crypto boom isn’t just about technology – trust plays a role in the local gadget trade with China

Source: The Conversation – Africa – By Atta Addo, Senior Lecturer in Digital Innovation and Entrepreneurship, University of Surrey

On a humid afternoon in Nigeria’s commercial capital, Lagos, a young trader in electronics pulls out his phone and opens Binance, the world’s largest cryptocurrency trading platform by trading volume. He’s not monitoring the Bitcoin market or chasing the next crypto craze. He’s paying a supplier in the Chinese port city of Guangzhou for 500 smartphones.

Like numerous other traders at the Lagos Computer Village, he has a Binance digital wallet to store, send and receive cryptocurrency pegged to the US dollar (USDT). Within minutes, his payment lands in China. His supplier confirms. The phones will ship tomorrow.

Five years ago, this transaction would have been nearly impossible. The Lagos phone buyer would have had to queue at the nearby commercial bank; fill out forms for foreign exchange; and wait as long as 7-21 days for clearance. On top of that, there was no guarantee of foreign exchange approval being granted. The other alternative was turning to the black markets, which attract exorbitant rates.

Now? Welcome to Nigeria’s quiet cryptocurrency revolution. He taps his screen a few times. Done.

Developing countries are recording high cryptocurrency adoption rates surpassing more advanced economies. Nigeria stands out, with one of the highest rates of crypto adoption globally. But the reasons aren’t clear.


Read more: Crypto countries: Nigeria and El Salvador’s opposing journeys into digital currencies – podcast


The focus of my scholarly research is digital innovation and entrepreneurship. My co-researcher and I sought to examine cryptocurrency adoption and diffusion and its use for cross-border payments in the Nigerian context. We took a case study approach. Data collection involved two rounds of interviews with retailers from Nigeria, suppliers from China, informal exchangers, crypto brokers, and mediators.

One might think cryptocurrency’s appeal lies in its technology: decentralisation, the fact that it cannot be altered once recorded, all that. But our research found something else. Crypto works in Nigeria because of human networks of trust.

We have evidence to suggest that crypto adoption and diffusion in this context occurs through:

  • a reinforcing process of technology transformation, adoption and use

  • a strong coalition of the interests of diverse actors

  • a dynamic relationship between the technical elements of crypto and contextual political, economic, social, technological, legal, environmental influences.

Insights from the study might be useful for addressing adoption challenges and designing inclusive financial systems in similar contexts.

Meet the crypto brokers

Located in the capital of Lagos State, south-western Nigeria, the Computer Village hosts over 5,000 informal micro, small and medium enterprises. It is billed as Africa’s largest market for information and communication technology accessories. This was the focal point of our case study.

We interviewed retailers importing from China, the crypto brokers who help them, Chinese suppliers, and the network of intermediaries who make it all work. What emerged was a sophisticated parallel financial system processing millions monthly, built entirely outside traditional banking. Between July 2023 and June 2024, Nigeria is estimated to have processed US$59 billion in crypto transaction value, up to 85% of it from retail trade.

Here’s how it works in three quick steps lasting less than an hour:

  • A crypto broker sits in a small office near the market. Retailers call in with the local currency, naira.

  • The naira is converted into USDT using peer-to-peer exchanges; the stablecoin is sent to contacts in China.

  • These Chinese traders convert USDT to yuan and pay the supplier directly.

One broker told us:

Retailers don’t need to understand blockchain. That’s my job. They just know their supplier gets paid fast, and they save money.

Crypto brokers charge lower fees than banks or Western Union. But speed matters even more than cost. In Nigeria’s volatile economy, prices can shift overnight. A delayed payment might mean your supplier raises prices or your goods arrive after competitors have restocked. Crypto eliminates that risk.

These brokers didn’t emerge from fintech accelerators or venture capital. Many were young tech-savvy relatives of traders who saw a problem and built a solution. They positioned themselves as indispensable – the only way to get past Nigeria’s restricted financial system and and do global trade.

Brokers guarantee payments personally. If something goes wrong, they cover losses from their own pockets to maintain reputation. One broker told us he absorbed a ₦2 million loss (about US$2,500) when a Chinese intermediary disappeared with funds. Retailers recommend brokers to fellow traders in the tight-knit market community. Chinese crypto traders work only with verified contacts, often through elaborate referral systems.

Cryptocurrency here doesn’t replace human relationships. It’s technology that enables and extends existing trust networks, letting them operate at global scale.

The infrastructure of resilience

The system relies on more than just brokers and goodwill. Stablecoins like USDT solve volatility. Mobile wallets work on basic smartphones. QR codes enable transactions even when internet is patchy. Peer-to-peer exchanges bypass bank restrictions legally. Nigeria’s central bank had banned banks from crypto transactions since 2021 but reversed its decision in 2023, citing global regulatory trends.

When suppliers in China initially refused to accept cryptocurrency, brokers enrolled Chinese crypto traders as intermediaries. These traders buy USDT from Nigerian brokers (often at slight discounts, giving them profit), convert it to yuan, and pay suppliers through conventional Chinese banking. The supplier never touches crypto. They just receive payment.


Read more: Why do identical informal businesses set up side by side? It’s a survival tactic – Kenya study


This is innovation through adaptation. It is not building a perfect system from scratch, but cobbling together solutions from available pieces until something works.

Computer Village itself plays a role. Concentrated markets create information flow. Success stories spread fast. A trader mentions his broker completed a payment in 20 minutes, and suddenly five more retailers want introductions. Physical proximity accelerates network growth in ways digital advertising never could.

What happens when the state pushes back

In 2021, Nigeria’s central bank ordered commercial banks to close accounts dealing with cryptocurrency. The government worried about speculation, money laundering and capital flight. This sounded the death knell for crypto in Nigeria.


Read more: Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing


Instead, the network adapted. Brokers shifted to peer-to-peer platforms. Over-the-counter exchangers (informal traders who swap crypto for cash) expanded operations. Transaction volumes continued to grow.

What this means for Africa and beyond

Nigeria isn’t alone. Similar patterns appear across developing economies – Kenya, Ghana, Vietnam, India. Wherever formal financial systems strain under inflation, currency controls or institutional weakness, cryptocurrency fills gaps.


Read more: Stablecoins are gaining ground as digital currency in Africa: how to avoid risks


This isn’t speculation. Traders are using stablecoins as dollar-equivalent tokens that move faster and cheaper than wire transfers.

It’s also not “banking the unbanked” in the usual sense. Many of these traders have bank accounts. Banks just can’t provide what they need: rapid, affordable, reliable cross-border payments.

For policymakers, the lesson should be humbling. You can’t ban away an innovation that solves real problems. When formal institutions fail to serve economic needs, informal systems emerge. The question is whether governments will learn from these systems or simply fight them.

Mayowa Joy David contributed to the research on which this article is based.

– Nigeria’s crypto boom isn’t just about technology – trust plays a role in the local gadget trade with China
– https://theconversation.com/nigerias-crypto-boom-isnt-just-about-technology-trust-plays-a-role-in-the-local-gadget-trade-with-china-268319