African Energy Chamber (AEC) Opens Office in Shanghai to Boost China-Africa Energy Collaboration

Source: APO

The African Energy Chamber (AEC) (https://EnergyChamber.org) has officially opened an international office in Shanghai, China, aimed at strengthening cooperation between African governments and energy companies and their counterparts in China. The office – aligned with the AEC’s vision of creating a global energy network where Africa is not just a participant, but a driving force – is expected to spearhead a new era of economic diplomacy while fostering cross-continental partnerships and energy development.  

The Shanghai office will be led by Dr. Bieni Da, Chief Representative of the AEC in China, who will spearhead all engagements, ensuring that the AEC plays a pivotal role in connecting Chinese businesses and government entities with African stakeholders. The objective is clear: to drive impactful, long-term collaboration across strategic sectors of the economy, enabling investments that are mutually beneficial and aligned with both continents’ development goals.  

One of the core objectives of the Shanghai office is capital mobilization. With the continent’s energy finance gap currently estimated to measure between $31 billion and $50 billion, a unique opportunity has emerged for Chinese financiers and project developers. Despite rising energy demand, many African energy firms face constraints in accessing the necessary capital to scale their operations and increase energy production. China, with its well-developed financial and infrastructure systems, presents a fertile ground for capital raising. Under Dr. Bieni Da’s leadership, the AEC will actively work to attract Chinese investment into African energy projects, providing the financial backbone needed to drive innovation and expansion in the sector. 

The Shanghai office will also play an instrumental part in connecting Chinese companies with African projects, facilitating partnerships and bringing African opportunity to the Chinese market. Chinese companies have already begun to play a central role in advancing Africa’s energy market, with investments in oil, gas, renewable energy and infrastructure unlocking high returns. Examples include Chinese exploration and production company Wing Wah, who is leading the Bango Kayo development in the Republic of Congo. The $2 billion project – comprising a phased expansion of the operational Bango Kayo conventional oilfield – seeks to monetize previously-flared resources, primarily for the domestic market. The project features the development of three trains, the first of which has a capacity of one million cubic meters per day (mcm/d). The second and third trains will come online in 2025, increasing capacity to five mcm/d.  

Meanwhile, the state-owned China National Offshore Oil Corporation (CNOOC) is also expanding its presence in Africa. The company is exploring business opportunities in Angola, with talks held for deepwater Block 24. In East Africa, the company is developing the East African Crude Oil Pipeline, connecting the Tilenga and Kingfisher oilfields with the Port of Tanga. CNOOC also acquired two shallow water and three deepwater oil and gas blocks in Mozambique and has partnered with the Tanzania Petroleum Development Corporation to explore deep-sea Block 4/1B and 4/1C. The China National Petroleum Corporation (CNPC) has stakes in Mozambique’s Coral South FLNG development, which began production in 2022, and has also signed a $400 million crude oil supply agreement with Niger. These are just some of the many projects spearheaded by Chinese companies.  

“The AEC wants to see greater Chinese investment across the entire African oil and gas value chain – from upstream projects to downstream infrastructure to manufacturing, power and technology. China offers significant expertise in these areas and the Shanghai office will unlock new collaborative opportunities in artificial intelligence, electric vehicles, renewable energy and more,” stated NJ Ayuk, Executive Chairman of the AEC.  

To foster continued dialogue and engagement, the AEC will organize high-level investment forums in Shanghai, positioning the city as a hub for African energy investment and dialogue. These forums will serve as regular platforms for African leaders, government officials and business executives to meet with their Chinese counterparts, explore opportunities and forge lasting partnerships. The Chamber will use this office to host a variety of meetings, roundtables, and workshops aimed at encouraging cross-border collaboration, knowledge sharing, and investment facilitation.  

“Africa and China have a common goal: to eradicate energy poverty. It is time to walk the walk and bring Chinese expertise and capital to African projects. Dr. Bieni Da, has a strong network in the public and private sector that will drive these engagements, giving Africa a chance to expand to a mutually beneficial relationship that is win-win with China. This office is a testament to making sure we leave our footprint,” added Ayuk.  

Distributed by APO Group on behalf of African Energy Chamber.

Media files

.

Opening remarks by Chairperson of the Human Resource Development Council (HRDC), Deputy President Shipokosa Paulus Mashatile, at the HRDC meeting, Gallagher Convention Centre

Source: President of South Africa –

Minister of Higher Education, Buti Manamela;
Host, Gauteng Premier, Panyaza Lesufi;
Ministers and Deputy Ministers;
Premiers and MECs;
Members of the Human Resource Development Council;
Directors- General and senior Government officials;

Good morning!

I would like to extend my congratulations to Mr. Buti Manamela on his appointment as the Minister of Higher Education and Training. We are pleased that you are familiar with the Human Resource Development Council (HRDC) and possess institutional memory regarding our objectives. 

As a former youth and student leader, we appreciate your comprehensive awareness of the concerns of young people in the developmental agenda. We are confident in your capacity to lead this sector and look forward to collaborating closely with you and your team.

Let me also extend a warm welcome to all of you as we gather here today for this Council meeting. We are meeting here today because together we hold a collective wisdom and commitment to increase productivity, and the human resource development needed to successfully transform South Africa into a knowledge economy.

Substantively, we are here because we are all dedicated to improving national economic growth and development through the improved competitiveness of the South African economy.

We are meeting here today after a harsh reality was revealed by Statistics South Africa that the unemployment rate climbed once again to 33.2%, meaning one-third of the workforce is sitting without a job, the majority of whom are youth, women, and marginalised groups. 

We must acknowledge that the crisis of youth unemployment is particularly severe among young people not in employment, education, or training – the NEET cohort. 

According to Statistics South Africa’s first-quarter release of 2025, 34% of all youth aged 15–24 – more than 3.5 million young people – are disconnected from both the labour market and the education system. 

Research by the Southern Africa Labour and Development Research Unit at the University of Cape Town reminds us that this is not a homogenous group, but rather a heterogeneous mix of young people whose experiences reflect entrenched exclusion, long-term unemployment, and fragile transitions between short-term opportunities.

Alarmingly, more than half of unemployed youth not in employment, education and training have been searching for work for over a year, underscoring the systemic barriers they face in securing a foothold in the labour market.

The HRDC plays a crucial role in addressing this crisis by improving workforce skills, creating jobs, and fostering economic growth. This is indeed an entrenched challenge that directly calls for the Council’s innovation and leadership. The future of the youth of South Africa is in our hands, and we must be radical in securing it!

Among other things, these statistics should prompt us to reconsider our role in mobilising various stakeholders and social partners to develop skills that meet the needs of the South African economy.

We should ask ourselves about the effectiveness of our education and training in responding to the social and economic development agenda. This includes how responsive we are in addressing quality issues in education, the skills development pipeline, and the shortages of skills in priority areas.

We must adopt a proactive stance and address the disparity between labour supply and demand. We must create a labour market that will effectively create employment opportunities for young people, including those with no skills.

We can address unemployment, including among those with limited skills, through a multi-pronged approach focused on education and skills development, entrepreneurship, and public employment programmes.

Improving education, aligning it with market needs, supporting small businesses, and investing in public work programs are key strategies.

It is universally acknowledged that education and skills development are essential for productive employment and economic prosperity. It is imperative to implement a more cohesive strategy between businesses and educational institutions to guarantee the cultivation of skills required for the economy.

Moreover, it is mandatory to encourage job creation by investing in employment-generating sectors, particularly by supporting the growth of small enterprises, which are pivotal to economic expansion. By fostering teamwork and a cohesive effort among government, business, and the training sector, we can effectively reverse the current situation, diminish unemployment, and establish a robust and resilient economy.

Together, we must persist in endorsing strategies and interventions that facilitate our efforts as the HRDC. This involves promoting and contributing to the execution of the Presidential Youth Employment Intervention, a multi-sectoral initiative aimed at tackling South Africa’s persistent youth unemployment issue.

We must prioritise the oversight and execution of the Human Resource Development Strategy (HRDS), which seeks to enhance the nation’s human capital through education, training, and skills development.

Through the HRDS, which also aligns with the National Development Plan (NDP), we can work together to address skills gaps, enhance employability, and reduce poverty and inequality.

Our nation requires us to have an integrated approach across a variety of sectors and levels, beginning with the development of young children and ending with their entry into the labour market. We need to do this with new energy and determination to build an HRDC that makes a difference in our communities.

As I have mentioned previously, for us to take our country forward, we must focus on the discipline of execution. We have at this stage mastered the art of policy making; however, some of these policies are not coming alive in the areas where they are needed to transform the lives of South Africans and the youth in particular. 

The HRDC must therefore be diligent and quick in implementing its agenda of upskilling young people to respond to the global challenges that confront us!

The HRDC must recognise that, in addition to high unemployment rates, there is a deficiency among individuals possessing advanced skills necessary for economic growth. The school system is having difficulties cultivating the skills required for a globalised, knowledge-driven economy.

Despite initiatives to enhance technical and vocational training and rectify skills deficiencies, a scarcity of skilled educators, together with a discord between existing skills and employer requirements, impedes advancement.

The country is actively working to improve educational outcomes, particularly in foundational learning, and to attract and retain skilled professionals. We need to keep working on making education and skills development a top priority for public sector investment, as well as expanding programmes that get young people involved in the economy.

We must further strengthen and expand the National Youth Service to bridge the school-to-work gap. This means the National Youth Development Agency must be at the forefront of integrating real-world experiences into education, fostering collaboration between educational institutions and employers, and equipping students with relevant skills.

This involves initiatives like workplace-integrated learning, career guidance, and mentorship programs. 

We must further coordinate this at the provincial level to drive skills development and economic growth within respective provinces. Minister Manamela will give more details on this when he does his presentation on the mapping of HRDC Exco members to provincial councils.

Let me also take this opportunity to extend my congratulations to the North West and Mpumalanga provinces for the successful launch of their provincial HRDC. The Provincial Council should concentrate on initiatives that will lead to increased productivity and the development of the necessary skills for our country to transition to a knowledge and skills-based economy. These Provincial Councils play a vital role in the implementation of the HRD Strategy and achieving our objectives.

Ladies and gentlemen,

One of the most significant challenges we face globally is the rapid growth of technology and the digital revolution. As automation and artificial intelligence shape industries, demand for traditional skills decreases, leading to an urgent need for new, technologically driven skills. 

The South African community must become digitally adaptive to ensure digital inclusivity for future generations.

We must refocus our curriculum and skills development programmes to align with industry, economic, and social needs. As technology advances exponentially, today’s abilities may become obsolete tomorrow.

Thus, we must encourage active personal and professional development. Whether through workplace training or accessible learning platforms, we must create a learning environment that will prepare our workers for future challenges and opportunities.

The discussion today must encompass the necessity of skills development programmes that cater to the demands of all societal groups. We must reconcile disparities across various socio-economic categories, guaranteeing equitable access to skills development opportunities for everyone.

A robust and proficient workforce is the foundation of a prosperous nation. Consequently, we must collaborate to allocate resources towards skills development to advance South Africa on a path to economic prosperity, innovation, and social progress.

Compatriots and colleagues,

Let me conclude by drawing your attention to the G20 Summit. The G20 Education Working Group (EdWG) provides a chance to develop more inclusive and resilient education systems capable of preparing students for the future. 

As a host country, we have the chance to support emerging market economies’ objectives while also promoting the African continent’s development agenda within the G20 framework.

The collaborative activities and collaborations formed through this platform have played a key role in advancing education reform, promoting inclusive & quality education, and improving our youth’s employability.

As we continue to strive for excellence in human resource development, let us use our partnerships and resources to further our shared goals. 

Together, we can have a long-term impact on our people’s lives and contribute to our country’s sustainable growth.

Let us work together to create a brighter future for all South Africans and those who live in it.

Thank you.

Tourism Minister dissolves  SA Tourism Board

Source: Government of South Africa

Tourism Minister dissolves  SA Tourism Board

Tourism Minister Patricia de Lille has dissolved the South African Tourism Board in terms of section16(3)(a) of the Tourism Act.

In a statement on Wednesday, the Department of Tourism said the decision takes effect immediately. 
Section16(3)(a) of the Act empowers the Minister to dissolve the board on good cause shown.

“The Minister has also decided to remove the members of the Board of South African Tourism in terms of sections 16(1) of the Act which states that a member of the Board must vacate office upon removal by the Minister.”

Additionally, the Minister informed members of the Board of her decision on Tuesday, 19 August 2025, following consideration of their written representations as to why the board should not be dissolved. 

According to the department, the board failed to address “the important issue about the legality of the procedure followed by the Board when it convened a special Board meeting on 01 August 2025 at which the unlawful resolution was taken.”

According to legal advice to the Minister, the special Board meeting of 01 August 2025 was convened unlawfully. 

Section 18(2) of the Act empowers only the Board Chairperson to convene a special board meeting. 

“This exclusive power given to the Chairperson of the board is further confirmed by clause 9.1.2 of Board Charter which was adopted on 16 April 2024. As of 01 August 2025, the board had no Chairperson to lawfully convene a special board meeting following the resignation of Professor Gregory Davids the day before (31 July 2025), but this notwithstanding, the board elected to convene a special board meeting and in doing so, the board acted unlawfully and ultra vires its powers.”

De Lille had previously cautioned the board of the possible implications of failing to follow due process when convening special and ordinary meetings. 

In a meeting with the Board on 4 July, followed by a letter to the board dated 13 July 2025, the Minister expressed her concerns about the board’s failure to follow governance procedures which undermines the integrity of the board and could render outcomes from such meetings procedurally invalid and unlawful.

“In response, by way of a letter dated 22 July 2025, the board assured the Minister that it has put in place interventions and these: ‘enhancements have and will ensure that all meetings are properly constituted, chaired, and documented,’” said the department.  

The Board is a creature of statute created in terms of section 13 of the Act and as such, the Board derives its powers from the enabling statute that created it, the Act, read together with the Board Charter.

The department said the board, in the exercise of its powers, must always be guided by the principle of legality which is part of the rule of law as set out in section 1(c) of the Constitution of South Africa.

Appointment of a new board

Meanwhile, the Minister will start the process to appoint a new board.

“The Minister shall, in terms of section 13(3) of the Act, initiate the process to appoint a new Board and will invite nominations of eligible persons in due course. In the interim, the Minister shall, in terms of section 16(3) of the Act, appoint one or more persons to manage the affairs of the board until the new board is appointed.”

Continuity 

The department further added that these developments will not derail ongoing programmes.

“The Minister assures South Africans and the tourism sector that these developments will not derail the ongoing programmes including SA Tourism’s collaboration with the Tourism Business Council of South Africa [TBCSA], to deliver a successful G20 summit.”

On Tuesday, the Minister communicated her commitment to the TBCSA and other industry stakeholders to lead the implementation of the Tourism Growth Partnership Plan.

“Furthermore, in consultation with the tourism sector, the Minister is finalising plans for the inaugural Tourism Investment Summit where bankable infrastructure projects from the public and private sectors will be presented before local and international investors.”

The investment summit which will take place on 10 September 2025 in Cape Town, Western Cape, will be attended by various Tourism Ministers from G20 member states and delegates from the World Travel and Trade Council.

The Government of National Unity’s 3 key priorities continue to inform the Tourism Department and the Ministry’s programmes and interventions. These priorities are: drive inclusive growth and job creation; reduce poverty and tackle the high cost of living; and build a capable, ethical and developmental state.

Tourism Month

The country will mark Tourism Month in September with the department set to announce the winning digital solutions which have been developed by students from 18 higher education institutions, participating in the inaugural hackathon.

The Minister wishes to remind South Africans to visit the Sho’t left website to search for packages with discounts of up to 50%.  Deals are available on www. shotleft.co.za. –SAnews.gov.za
 

Edwin

121 views

Chambre africaine de l’énergie (AEC) ouvre un bureau à Shanghai pour renforcer la coopération énergétique entre la Chine et l’Afrique

Source: Africa Press Organisation – French

La Chambre africaine de l’énergie (AEC) (https://EnergyChamber.org) a officiellement ouvert un bureau international à Shanghai, en Chine, dans le but de renforcer la coopération entre les gouvernements africains et les entreprises énergétiques et leurs homologues chinois. Ce bureau, qui s’inscrit dans la vision de l’AEC visant à créer un réseau énergétique mondial où l’Afrique n’est pas seulement un participant, mais une force motrice, devrait ouvrir la voie à une nouvelle ère de diplomatie économique tout en favorisant les partenariats intercontinentaux et le développement énergétique. 

Le bureau de Shanghai sera dirigé par le Dr Bieni Da, représentant en chef de l’AEC en Chine, qui dirigera toutes les activités et veillera à ce que l’AEC joue un rôle central dans la mise en relation des entreprises et des entités gouvernementales chinoises avec les parties prenantes africaines. L’objectif est clair : favoriser une collaboration efficace et durable dans les secteurs stratégiques de l’économie, afin de permettre des investissements mutuellement avantageux et alignés sur les objectifs de développement des deux continents. 

L’un des principaux objectifs du bureau de Shanghai est la mobilisation de capitaux. Avec un déficit de financement de l’énergie sur le continent actuellement estimé entre 31 et 50 milliards de dollars, une opportunité unique s’offre aux financiers et aux développeurs de projets chinois. Malgré une demande énergétique croissante, de nombreuses entreprises africaines du secteur de l’énergie ont des difficultés à accéder aux capitaux nécessaires pour développer leurs activités et augmenter leur production d’énergie. La Chine, avec ses systèmes financiers et infrastructurels bien développés, offre un terrain fertile pour la mobilisation de capitaux. Sous la direction du Dr Bieni Da, l’AEC s’efforcera activement d’attirer les investissements chinois vers les projets énergétiques africains, en fournissant le soutien financier nécessaire pour stimuler l’innovation et l’expansion dans ce secteur. 

Le bureau de Shanghai jouera également un rôle essentiel dans la mise en relation des entreprises chinoises avec les projets africains, en facilitant les partenariats et en faisant connaître les opportunités africaines au marché chinois. Les entreprises chinoises ont déjà commencé à jouer un rôle central dans le développement du marché énergétique africain, avec des investissements dans le pétrole, le gaz, les énergies renouvelables et les infrastructures qui génèrent des rendements élevés. Citons par exemple la société chinoise d’exploration et de production Wing Wah, qui dirige le projet Bango Kayo en République du Congo. Ce projet de 2 milliards de dollars, qui comprend l’expansion progressive du champ pétrolier conventionnel de Bango Kayo, déjà en exploitation, vise à monétiser des ressources auparavant brûlées, principalement pour le marché intérieur. Le projet prévoit le développement de trois trains, dont le premier a une capacité d’un million de mètres cubes par jour (mcm/j). Les deuxième et troisième trains seront mis en service en 2025, portant la capacité à cinq mcm/j. 

Parallèlement, la société publique China National Offshore Oil Corporation (CNOOC) renforce également sa présence en Afrique. Elle explore des opportunités commerciales en Angola, où des négociations sont en cours pour le bloc 24 en eaux profondes. En Afrique de l’Est, elle développe l’oléoduc East African Crude Oil Pipeline, qui reliera les champs pétroliers de Tilenga et Kingfisher au port de Tanga. La CNOOC a également acquis deux blocs pétroliers et gaziers en eaux peu profondes et trois en eaux profondes au Mozambique et s’est associée à la Tanzania Petroleum Development Corporation pour explorer les blocs 4/1B et 4/1C en eaux profondes. La China National Petroleum Corporation (CNPC) détient des participations dans le projet Coral South FLNG au Mozambique, qui a commencé la production en 2022, et a également signé un accord d’approvisionnement en pétrole brut de 400 millions de dollars avec le Niger. Ce ne sont là que quelques-uns des nombreux projets menés par des entreprises chinoises. 

« L’AEC souhaite voir davantage d’investissements chinois dans l’ensemble de la chaîne de valeur du pétrole et du gaz en Afrique, des projets en amont aux infrastructures en aval, en passant par la fabrication, l’énergie et la technologie. La Chine offre une expertise considérable dans ces domaines et le bureau de Shanghai ouvrira de nouvelles possibilités de collaboration dans les domaines de l’intelligence artificielle, des véhicules électriques, des énergies renouvelables et bien d’autres encore », a déclaré NJ Ayuk, président exécutif de l’AEC. 

Afin de favoriser la poursuite du dialogue et de l’engagement, l’AEC organisera des forums d’investissement de haut niveau à Shanghai, positionnant la ville comme une plaque tournante pour l’investissement et le dialogue dans le domaine de l’énergie en Afrique. Ces forums serviront de plateformes régulières permettant aux dirigeants africains, aux responsables gouvernementaux et aux chefs d’entreprise de rencontrer leurs homologues chinois, d’explorer des opportunités et de forger des partenariats durables. La Chambre utilisera ce bureau pour accueillir diverses réunions, tables rondes et ateliers visant à encourager la collaboration transfrontalière, le partage des connaissances et la facilitation des investissements. 

« L’Afrique et la Chine ont un objectif commun : éradiquer la pauvreté énergétique. Il est temps de passer à l’action et d’apporter l’expertise et les capitaux chinois aux projets africains. Le Dr Bieni Da dispose d’un solide réseau dans les secteurs public et privé qui permettra de mener à bien ces engagements, donnant ainsi à l’Afrique la possibilité de développer une relation mutuellement bénéfique et gagnant-gagnant avec la Chine. Ce bureau est la preuve de notre volonté de laisser notre empreinte », a ajouté M. Ayuk. 

Distribué par APO Group pour African Energy Chamber.

Media files

Rhino Resources Signs on as African Energy Week (AEW) 2025 Gold Partner Amid Namibia, South Africa Exploration Drive

Source: APO

Independent oil and gas exploration firm Rhino Resources has confirmed its participation as a Gold Partner at African Energy Week (AEW): Invest in African Energies 2025, taking place from September 29 to October 3 in Cape Town. The company’s involvement underscores its commitment to unlocking Africa’s hydrocarbon potential in support of AEW’s mission to make energy poverty history by 2030.

Rhino Resources is advancing a robust portfolio of exploration and appraisal campaigns aimed at driving Namibia toward its goal of first oil production by 2030. In 2025, the company made multiple discoveries, including Sagittarius-1X and Capricornus-1X, confirming the Orange Basin’s potential as a global deepwater hotspot. In July, Rhino spudded the Volans-1X well on Block PEL 85 offshore Namibia, a campaign involving 1,200 meters of drilling and collaboration with Halliburton Namibia to strengthen local content development.

In April 2025, the company announced that light oil tests at Capricornus-1X on Block 2914 yielded flow rates exceeding 11,000 stock tank barrels per day, with additional results under evaluation to refine its exploration strategy. Earlier, in February 2025, Rhino completed drilling of Sagittarius-1X on the same block. To reinforce its Namibian operations, Rhino signed a farmout agreement with Azule Energy in December 2024, bringing additional capital, expertise and technical capacity to Block 2914.

Meanwhile, in South Africa, Rhino Resources is preparing a six-well drilling campaign in the Karoo Basin, slated for 2026. The program targets the country’s natural gas, helium and hydrogen potential, positioning South Africa as an emerging player in diversified energy resources. The campaign is expected to play a pivotal role in strengthening domestic energy security while opening new avenues for industrial growth and investment.

“Rhino Resources’ operations and success in Namibia’s Orange Basin highlight the vast potential of Africa’s deepwater plays to drive energy security and economic growth,” stated Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy Chamber. “Additionally, the company’s planned investments in South Africa mark a significant step in unlocking the country’s untapped natural gas and helium resources, strengthening its role in Africa’s evolving energy landscape.”

Amid its growing footprint across Southern Africa, Rhino Resources will engage with African policymakers, potential partners, market stakeholders and global investors at AEW 2025: Invest in African Energies to advance its projects and forge new deals. The company’s participation will spotlight Namibia’s Orange Basin opportunities alongside South Africa’s upcoming gas developments, further positioning Africa as a global exploration frontier.

Distributed by APO Group on behalf of African Energy Chamber.

About AEW: Invest in African Energies:
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Media files

.

Zambia Advances Universal Electricity Goal: ZESCO & Anzana Joint Venture to Connect 2 Million Along Lobito Corridor by 2030

Source: APO


.

ZESCO Limited (ZESCO), Zambia’s national electricity utility, and Anzana Electric Group (Anzana) (www.Anzana.com) have committed to the key terms of a joint venture for the electrification of millions of people on the Zambian portion of the Lobito Corridor. The US$300 million investment will enable the rehabilitation and expansion of the national electricity network to provide first-time grid-connections for nearly 2 million Zambians by 2030, in alignment with the Zambian Government’s goal of universal access to electricity for all Zambians.  

Witnessed by President Hakainde Hichilema at the first-ever Invest Zambia International Conference in Lusaka in July 2025, the signing of the agreement between ZESCO and Anzana has advanced into finalized terms for a joint venture, paving the way for approximately US$300 million in blended commercial and concessional capital investments. The partnership builds on a Memorandum of Understanding between Anzana and Zambia’s Ministry of Energy signed in February 2025.

“This is about more than infrastructure, it is about regional integration, jobs, and powering a better future for Zambians along the Lobito economic corridor,” said ZESCO Managing Director Eng. Justin Loongo. “We are excited to partner with Anzana who is employing an innovative and inclusive approach to attract capital and rapidly increase electrification rates in rural Zambia.”

The agreement enables not only significant investment in electrifying households, businesses, and industry, but also in new distributed generation to support the reliability of supply in the service area.

“The strategic Lobito economic corridor approach is a model for future regional trade and development,” said Brian Kelly, CEO of Anzana. “We are honored to partner with ZESCO and the Government of Zambia to be the Lobito electrification partner and connect millions of Zambians to the opportunities that reliable electricity can enable. This partnership builds on Anzana’s deep experience in the region, including our development of Weza Power in Burundi, and reflects our commitment to win-win partnerships enabling African countries to lead the next wave of electrification and economic growth.”

The collaboration between ZESCO and Anzana will support new electricity generation, including run-of-river hydropower, and electricity distribution primarily in rural areas, efforts which are critical to unlocking the full potential of the Lobito Corridor to the Zambian economy. The Angola-Zambia-DRC corridor is being developed as a major economic artery for Southern and Central Africa, enhancing trade flow between these mineral-rich regions and global export markets. The agreement envisions that Anzana will lead the development of a pilot project in the North-Western Province of Zambia intended to accelerate the first connections in 2026. Anzana and other development partners will jointly invest US$50 million to enable approximately 40,000 new household and business connections and add up to 8 megawatts of new generation over the course of two years, before expanding the scope to encompass the entire Lobito Corridor region.

Distributed by APO Group on behalf of Anzana Electric Group.

Contacts:
For ZESCO Limited:
Ms. Muntanga Sibalwa
Senior Manager – Corporate Affairs
Email: MSibalwa@zesco.co.zm
Mobile: +260969766733

For Anzana Electric Group:
Mr. Thom Wallace
Marketing and Communications
Email: thom.wallace@anzana.com
Mobile: +254716507214

About ZESCO Limited:
ZESCO Limited is the national electricity utility of Zambia, which generates, transmits, distributes and supplies electricity and electricity products and solutions in Zambia and Southern Africa. A vertically integrated a public utility, wholly owned by the Government of the Republic of Zambia through the Industrial Development Corporation, ZESCO owns and operates an extensive and robust network comprising several large and small hydroelectric power plants with a combined capacity to generate circa 3,000MW and has over 11,000 kilometers of transmission lines. ZESCO’s interconnected power network with other Southern African Power Pool utilities provides an extended power trading market. ZESCO is aggressively pursuing a diversified electricity mix and is developing a rich pipeline of solar and other renewable projects to integrate into its generation portfolio.

About Anzana Electric Group:
Anzana Electric Group is a leading developer, investor, and operator of hydropower and grid distribution projects across Africa. With presence in East, Central, and Southern Africa, Anzana delivers reliable, affordable power to communities, businesses, and industries. Its innovative approach to partnerships with government, development funders, and private sector in the region is intended to unlock the potential that electricity infrastructure can bring to economic growth. Anzana is backed by private American investors and Gridworks Development Partners, an Africa-focused electricity transmission and distribution investor wholly owned by British International Investment, a UK government development finance institution.

Maia Capital Partners provides mezzanine debt to Student Living Asset Management (SLAM) for the acquisition of a 51% stake in the largest student residence in Stellenbosch, South Africa – Academia

Source: APO

Maia Capital Partners (www.MaiaCapital.co.za) through its Maia Debt Impact Fund I, (“Maia Capital”) announced today that they have provided mezzanine debt funding to Student Living Asset Management (“SLAM”), a South African real estate private equity fund specialising in student accommodation, to acquire a 51% majority stake in the landmark 1,026-bed residence in Stellenbosch, South Africa called Academia. Academia is the largest student residence in Stellenbosch, solidifying SLAM’s position as a leading investor in institutional quality student accommodation in South Africa. 

Located on-campus at Stellenbosch University, Academia offers over one thousand beds across 28 landscaped blocks with a restaurant, padel and volleyball courts, as well as biometric access, CCTV, and 24-hour security. Established in 2000 and managed internally for over 25 years, it supports a 20% international cohort and upholds a strong Code of Conduct for a safe, community-focused student experience. 

Tshandu Ramusetheli, CEO at Maia Capital, remarked: “We are delighted to partner with SLAM on this landmark transaction, which reflects our commitment to addressing the pressing shortfall of student accommodation in South Africa. Our partnership with SLAM not only enhances our portfolio but aligns with our gender-focused investment strategy; by prioritizing female tenants at Academia, and with an all-female management team ensuring exemplary operations, we are fostering an inclusive environment for students. Partnering with real estate firms like SLAM is crucial for the growth of educational infrastructure in our country. Such developments create jobs and contribute significantly to bridging the demand gap for student accommodation” 

This off-market acquisition, completed in partnership with the existing ownership team, demonstrates SLAM’s ability to identify and execute complex high-value transactions of ‘best in class’ assets while preserving operational continuity through ‘best of breed’ operators. 

“This will be business as usual,” said Ndumiso Davidson, CEO and Co-Founder at SLAM. “SLAM invests in assets of scale in defensive locations with a strong operating track record and demonstrable long term student demand. Academia exemplifies the profile of assets we seek to provide our investors. We are joining forces with the existing leadership team. There will be no disruption, no staff overhaul, and no operational restructuring. We’re here to build on a strong foundation, not to fix an operation that’s already working exceptionally well and has been the residence of choice in Stellenbosch for the last 25years.” 

“This acquisition is a strategic anchor for our national portfolio,” added Romeo Makhubela, Chairman of SLAM. “It reflects our belief in this sector’s potential to deliver dependable inflation-beating income while directly supporting educational outcomes and youth development.” 

CMS South Africa acted as legal counsel to Maia Capital 

Distributed by APO Group on behalf of Maia Capital Partners.

For more information contact:  
Tshandu Ramusetheli  
Chief Executive Officer – Maia Capital Partners 
tshandu@maiacapital.co.za or invest@maiacapital.co.za 
Tel: +27-72-197-8752 
Capital Hill, 6 Benmore Road, Benmore, South Africa – 2196

About Maia Capita Partners:
Maia Capital Partners was established in June 2020 with a mission to generate competitive financial returns while driving positive social and environmental impact through private debt investments. The firm reached its final close in June 2024, raising over R1 billion from South African pension funds.  

The Maia Debt Impact Fund I is dedicated to driving economic transformation by providing mezzanine financing to mid-market companies across a variety of sectors, including renewable energy, affordable housing, healthcare, education, financial inclusion and more. Maia Capital’s focus on economic transformation ensures we support industries that promote infrastructure development, job creation, and sustainable industrialization, while remaining open to a wide range of impactful transactions.  

Maia Capital Partners was founded by a team of seasoned investment professionals with over 80 years of combined experience in private markets, infrastructure, and impact investing. The firm is headquartered in Johannesburg, South Africa 

Website: www.MaiaCapital.co.za

Media files

.

President Cyril Ramaphosa remarks to the plenary session 2 on the economy at the Tokyo International Conference on African Development Summit

Source: President of South Africa –

Your Excellency, Prime Minister Shigeru Ishiba,
Excellencies, Heads of State and Government,
Distinguished Delegates,
Ladies and Gentlemen,

It is an honour to participate in this plenary session on the economic dimension of the Africa–Japan partnership.

We gather at a critical time, where global economic uncertainty, the reshaping of trade and new industrial revolutions demand bold action and strategic collaboration. 

Africa must not merely react to these forces. We must help to shape them.

South Africa is making progress in enabling our economy to participate in the rapidly changing global environment.

We have stabilised our energy supply and are modernising our infrastructure. We are opening our ports and rail to private sector investment.

We are rolling out a reindustrialisation agenda focused on localisation, green energy and regional integration.

As part of our industrial policy, we are expanding trade with key countries and improving market access for South African agricultural and industrial products.

We are incentivising electric vehicles and battery production, and supporting green hydrogen value chains through infrastructure and skills investment.

South Africa is growing its health manufacturing capacity, with a focus on vaccines, diagnostics and therapeutics.

Our country is also expanding digital infrastructure to bridge gaps in access and enhance service delivery.

The African Continental Free Trade Area is central to our economic vision. 

South Africa seeks to deepen intra-African trade while becoming a continental industrial platform from which Japanese and other global firms can export into Africa.

We are actively working with the AfCFTA Secretariat to finalise value-chain protocols in automotive, agro-processing, pharmaceuticals and textiles.

We support Rules of Origin harmonisation to encourage manufacturing in Africa and the upgrading of border infrastructure to enable faster movement of goods.

Recent tariff actions by the United States on African goods have highlighted the need to diversify our export markets.

South Africa is a leading exporter of agricultural produce and high quality industrial products such as auto vehicles and components.

We call on our Japanese counterparts to support tariff cooperation to ease market access for African goods.

We seek partnerships in infrastructure, energy and digital development through blended finance.

We also seek partnerships in financing skills development, youth innovation and small business scaling.

Africa is not seeking aid. It is seeking partners. Partners that understand value co-creation, sustainable development and mutual industrialisation.

I thank you.

‘Co-create Solutions’ to Give Africa Stronger Role in Global Political, Financial Institutions, Debt Relief, Secretary-General Urges at Tokyo Conference

Source: APO – Report:

.

Following are UN Secretary-General António Guterres’ remarks to the ninth Tokyo International Conference on African Development (TICAD), in Yokohama today: 

I thank the Government and people of Japan for your hospitality and generosity — and all co-organizers for your commitment to Africa.

For more than three decades, TICAD has embodied the spirit of multilateralism — grounded in mutual respect, shared responsibility and a deep belief in Africa’s potential.  With the world’s youngest population, abundant natural resources and a vibrant entrepreneurial spirit, Africa is poised for progress.

And this year’s theme — “Co-Create Innovative Solutions with Africa” — reminds us that these same strengths can help shape a more peaceful, prosperous, and sustainable world inside and beyond Africa’s borders. Especially as we accelerate progress towards the Sustainable Development Goals (SDGs) through investment, reform and partnerships.

We meet at a time of interconnected crises and deep inequalities. Tackling these crises requires a clear focus not only on development for Africa, but development with Africa.  And I salute Japan for making this the focus of its cooperation with the continent.

Let me highlight five priorities for our shared journey forward. First, we must reform the institutions of global governance — both political and financial — to reflect today’s realities.  Africa must have a stronger voice in shaping the decisions that affect its future.

That includes long-overdue reform of the Security Council, where incredibly Africa has no permanent member, and other regions remain underrepresented.  And it includes an overhaul of today’s unjust and unfair international financial architecture, that must enhance African representation and endorse a strong African voice in the decisions being made.

Meanwhile, we need bold action on debt relief.  Today, 34 countries spend more on debt service than on health and education.  The Sevilla Commitment points to solutions.  By increasing the capacity of governments to mobilize domestic resources, including through tax reform.  And by establishing a more effective framework for debt relief and tripling the lending capacity of multilateral development banks and their engagement in derisking private investment in the African Continent.

Second, we must invest in sustainable global value chains and regional integration.  Africa’s path for prosperity must focus on adding value to its raw materials, creating decent jobs and building resilience, taking profit of the African Continental Free Trade Area.

And we must also address Africa’s energy paradox.  Africa has enormous renewables potential, but receives just 2 per cent of global investment into renewables and 600 million Africans live without electricity.  And Africa is also home to the critical minerals required to power renewable technologies.  But, the countries hosting them must be the ones to benefit first and most, while adding value to local and global value chains.

Third, we must harness digital innovation — including artificial intelligence (AI) — for development.  But, the African people are still suffering from a wide digital divide.

Japan’s technological leadership can help close this divide and ensure that technology helps African countries catch up with adequate digital public infrastructure, rather than being left behind.  This includes ensuring that all countries can harness the incredible potential of artificial intelligence to power progress for all, as defined in the Pact for the Future.  We have just shared a report outlining innovative financing options to build AI capacity in developing countries.  AI must stand for Africa Included.

Fourth, we need people-centred development.  Young people are the builders of Africa’s future.  Let us invest in their skills and education, particularly STEM [science, technology, engineering and mathematics], and ensure decent jobs, social protection, and a seat at the decision-making table.  Let us invest in women’s full participation across economies, societies and political systems.

Fifth, we must recognize that peace and prosperity go hand in hand.  Sustainable development requires sustainable peace.  By silencing the guns as the African Union clearly points out.  And by ending violence in all its forms and strengthening the social cohesion and stability that can attract investment and business to Africa.

We have the roadmap: the 2030 Agenda and the Sustainable Development Goals, and the African Union’s Agenda 2063.  Let’s co-create solutions that can build a future of dignity, opportunity and peace for all.

– on behalf of United Nations (UN).

President El-Sisi Speaks with Greek Prime Minister Mitsotakis

Source: APO – Report:

.

Today, President Abdel Fattah El-Sisi received a phone call from Greek Prime Minister Kyriakos Mitsotakis.

The Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said that the call discussed ways to strengthen the distinguished relations between Egypt and Greece, particularly in light of the May 2025 announcement to elevate them to strategic partnership.
The call emphasized the importance of continuing to develop joint cooperation in various fields, with a focus on increasing trade and mutual investments, based on the significant potential both countries have.

The call also touched on the latest regional and international developments of mutual interest. The President reviewed Egypt’s intensive efforts to reach a ceasefire agreement in the Gaza Strip, facilitate the delivery of humanitarian and relief aid, and secure the release of hostages and captives. The Greek prime minister praised and supported these efforts.

President El-Sisi and the Greek prime minister underscored the necessity to immediately begin the reconstruction of the Strip once a ceasefire is reached. They stressed their absolute rejection of the displacement of the Palestinian people from their land.
The two sides affirmed that the only path to ensure lasting peace and stability in the region is to grant the Palestinian people their legitimate right to establish an independent state along the June 4, 1967, borders with East Jerusalem as its capital, in accordance with the two-state solution and relevant international legitimacy resolutions.

The call also addressed a number of priority issues, including cooperation in the fields of energy, electricity interconnection, maritime border demarcation, and combating illegal immigration.
President El-Sisi reaffirmed Egypt’s firm commitment to protecting religious sanctities on its territory, including St. Catherine’s Monastery, due to its historical and spiritual value. This was appreciated by the Greek prime minister.

– on behalf of Presidency of the Arab Republic of Egypt.