Parliament to reconvene meeting with Manamela over NSFAS

Source: Government of South Africa

Parliament to reconvene meeting with Manamela over NSFAS

The Portfolio Committee on Higher Education and Training has agreed to reconvene its meeting with Higher Education and Training Minister Buti Manamela over his decision to place the National Student Financial Aid Scheme (NSFAS) under administration.

The committee deliberated on Chairperson Tebogo Letsie’s decision to postpone a meeting scheduled for Tuesday, after members did not receive the required documentation in time to prepare adequately.

Committee members agreed that Letsie had little choice but to postpone the meeting after the minister failed to provide the committee with the necessary presentations and supporting documents relating to the NSFAS intervention.

The committee also rejected claims that the meeting had been cancelled through a WhatsApp message, clarifying that the chairperson had formally communicated the postponement to members through an official letter and had engaged the Chair of Chairs on the matter.

“The committee has recommended that the next meeting be held on Friday, 29 May 2026. Committee members also called for the timeous delivery of documentation about the appointment of the NSFAS administrator, so they can prepare for the meeting effectively,” Letsie said.

He added that, in line with Parliament’s accountability framework, the Minister is required to appear before the committee to account for the decision to place NSFAS under administration and to explain the process followed.

The committee further accepted NSFAS’s explanation that it could not cover travel expenses for former board members, as they no longer hold office and there may be no legal or policy basis for such expenditure.

Earlier this month, Higher Education and Training Minister Buti Manamela placed the National Student Financial Aid Scheme (NSFAS) under administration due to governance instability within the institution.

READ | NSFAS placed under administration

Members said the meeting is of significant public importance, as it affects millions of NSFAS students and the broader higher education sector. – SAnews.gov.za
 

 

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Western Cape welcomes China citrus deal as a boost for economic growth

Source: Government of South Africa

Western Cape welcomes China citrus deal as a boost for economic growth

The Western Cape Department of Agriculture, Economic Development and Tourism, says expanded access to the Chinese market will be a major boost for economic growth, jobs, and Western Cape citrus producers.

Agriculture, Economic Development and Tourism MEC, Dr Ivan Meyer, welcomed the recent supplementary citrus phytosanitary agreement between South Africa and China as a major step forward in driving economic growth and creating jobs, while unlocking new export opportunities for the province’s citrus industry.

Meyer confirmed that the agreement, formalised on 10 April 2026, will ease export requirements, and strengthen market access for Western Cape producers.

“This agreement is a significant breakthrough for economic growth and job creation in the Western Cape. By removing trade barriers and expanding access to the Chinese market, we are creating new opportunities across the agricultural value chain – from farm workers to exporters – while strengthening the competitiveness of our citrus industry,” Meyer said.

The MEC emphasised that expanded access to the Chinese market comes at a critical time for the agricultural sector, which continues to navigate global uncertainties.

“Growing our export markets is essential to sustaining jobs and unlocking further economic growth. The opening of the Chinese market for increased citrus exports reduces volatility and helps cushion our producers—and the workers they employ—against disruptions caused by geopolitical tensions in traditional markets,” he said.

With approximately 20% of South Africa’s citrus production located in the Western Cape, he said the agreement is expected to have a meaningful impact on export volumes over time, particularly as compliance requirements become more efficient.

Supporting producers to maximise opportunities

Meyer highlighted that the Western Cape Provincial Government is actively supporting producers to capitalise on the zero-tariff access to China through a range of targeted interventions.

These include participation in trade shows and export exhibitions in China, facilitating business-to-business engagements with international buyers, providing extension and advisory services to ensure compliance with export standards, and collaborating closely with industry stakeholders to strengthen competitiveness.

“Our focus is on ensuring that producers are well-positioned to expand exports, grow their businesses, and in turn sustain and create more jobs in rural communities,” Meyer said.

He noted that China presents significant long-term potential for the Western Cape citrus industry due to several key factors, including strong demand driven by a population of approximately 1.4 billion people; continued economic growth and rising consumer demand; and the advantage of counter-seasonal supply, allowing South African citrus to fill market gaps when Northern Hemisphere production is low

“This counter-seasonal advantage not only boosts export potential but also supports stable production cycles that are critical for job retention in the sector,” he said. – SAnews.gov.za

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Murder rate drops

Source: Government of South Africa

Murder rate drops

South Africa recorded a 9.5% decrease in murders during the fourth quarter of the 2025/26 financial year, with 546 fewer people killed compared with the same period a year earlier, Police Minister Firoz Cachalia announced on Thursday.

Presenting crime statistics for the period January 1 to March 31, 2026, Cachalia said murders declined from 5 727 in the corresponding quarter of the previous year to 5 181.

Compared with the same quarter in 2024, murders fell by 1 355 cases, representing a 20.7% reduction.

“Most strikingly, murder has decreased nationally by 9.5%,” Cachalia said, describing the figure as the country’s most reliable crime indicator.

The decline formed part of a broader reduction in serious violent crime. Contact crimes, which include offences involving direct contact between perpetrators and victims, decreased by 4.6%, with 7 405 fewer cases reported than in the same quarter last year.

Cachalia highlighted significant reductions in aggravated robbery categories. House robberies fell by 20.4%, business robberies by 18.3%, and robberies at non-residential premises by 22%.

Property-related crimes, including burglary and theft of and from motor vehicles, declined by 8.5%, while other serious crimes such as general theft and shoplifting dropped by 4.2%.

The Minister attributed the improvements in part to the efforts of police officers and communities working together to combat crime.

Despite the gains, Cachalia cautioned that crime levels remain unacceptably high. 

South Africa recorded an average of 58 murders a day during the quarter.

“A decrease in crime is not the same as achieving safety,” he said. “Our goal is not just fewer crimes, but that communities are and feel safe everywhere.”

The statistics showed that Gauteng, the Western Cape, Eastern Cape and KwaZulu-Natal all recorded notable decreases in murders. However, those four provinces still accounted for more than 80% of all murders nationally.

The Minister said government would continue implementing its police reform agenda, strengthen efforts against organised crime and expand violence-prevention initiatives aimed at addressing the social factors driving violent crime.

“These statistics provide us with guidance,” Cachalia said. “Our task is to transform this decline in violent crime into a sustained, long-term reduction in violence and organised criminality across the country.” – SAnews.gov.za

 

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Nelson Mandela Bay moves to contain Swine Fever outbreak

Source: Government of South Africa

Nelson Mandela Bay moves to contain Swine Fever outbreak

The Nelson Mandela Bay Municipality has moved swiftly to contain and manage an outbreak of African Swine Fever detected among pigs in the Grogro informal settlement in the Sherwood area while also assuring residents that there is no risk to human health.

According to the Municipality’s Director for Environmental Health, Dr Patric Nodwele, municipal health officials were alerted on Monday, 18 May 2026, to a mass mortality of pigs originating from the Grogro informal settlement.

“Upon arrival on site, our initial suspicion was possible poisoning. However, after engaging the State Veterinary Services and conducting the necessary tests, the final confirmed diagnosis was African Swine Fever,” Nodwele said.

African Swine Fever is a highly contagious viral disease that affects pigs. The virus mainly originates from wild pigs and can spread rapidly among domestic pigs, particularly where animals roam freely and come into contact with infected wild pigs.

Nodwele said preliminary indications suggest that freely roaming domestic pigs may have come into contact with wild pigs in the area, resulting in the spread of the disease.

To prevent further infections, the Municipality’s Environmental Health Practitioners, working together with the State Veterinary Services team, this week conducted community outreach and awareness campaigns in the affected informal settlement.

Residents and pig owners were educated on the importance of containing pigs, improving animal control measures, and preventing the further spread of the disease.

Following the collection of samples for testing, municipal teams safely removed and disposed of the affected pig carcasses in accordance with health and environmental safety protocols.

While African Swine Fever does not pose a threat to human health and cannot be transmitted to people, the municipality has urged the community members not to consume meat from dead or infected pigs.

“The municipality will continue to monitor the situation closely and work with veterinary authorities to ensure the outbreak remains contained,” Nodwele said. – SAnews.gov.za
 

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Polio detection ‘not an outbreak’ – Department

Source: Government of South Africa

Polio detection ‘not an outbreak’ – Department

The Department of Health has confirmed the detection of two different polio virus strains from wastewater sampled from a wastewater treatment plant in Cape Town.

The department was informed of the detection by the National Institute for Communicable Diseases (NICD).

“This detection was part of the NICD’s routine environmental and wastewater testing to conduct proactive, population-wide disease tracking. This entails analysing municipal sewage and water resources to detect emerging outbreaks and viral variants before clinical cases appear. 

“These detections are called ‘vaccine events’ because no actual cases of virus have been detected in a human being. These events need a public health response, are not high risk, and no additional vaccination campaign is required,” the department said in a statement.

The department emphasised that polio is preventable by vaccine with the country officially declared polio-free by the World Health Organisation’s African Regional Certification Commission in 2019.

“This suggests that these viruses detected in wastewater are likely from imported cases of people vaccinated with different vaccines from those used in South Africa. This does not translate to an outbreak. 

“The department working closely with the NICD, has activated appropriate health response activities including strengthening surveillance and increasing frequency of environmental sampling of wastewater.

“South Africa continues to maintain outbreak preparedness plans, especially given the sporadic outbreaks of this disease in other countries and cross border movements,” the statement read.

Symptoms of the virus are:

  • Progressive muscle or joint weakness and pain
  • Fatigue
  • Muscle wasting
  • Breathing or swallowing problems
  • Sleep-related breathing disorders

“However, these are common symptoms for other health conditions.

“While there is no need for the public to be concerned, members of the public are urged to remain vigilant and ensure timely reporting of any suspected symptoms of polio to the nearest healthcare provider,” the statement said. – SAnews.gov.za

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Seychelles: Minister Faure and Ambassador Azais Tatistscheff discuss humanitarian and healthcare cooperation

Source: APO

The Minister for Foreign Affairs and the Diaspora, Mr. Barry Faure received the newly accredited Ambassador of the Sovereign Military Order of Malta, H.E. Mr. Alessandro Azais Tatistscheff on Thursday 21 May 2026 at Maison Queau de Quinssy.

Minister Faure thanked the Sovereign Military Order of Malta for consistently providing humanitarian support during the years for projects which positively impact the community. The Minister also took the opportunity to thank the previous Ambassador, Mrs. Alexandra Azais Tatistscheff for her dedication and commitment towards deepening the ties between Seychelles and the Sovereign Military Order of Malta and welcomed Mr. Azais Tatistscheff’s appointment as ambassador, succeeding his mother in the role.

Minister Faure raised the topic of cooperation in the field of healthcare, whereby he requested technical assistance and capacity building in renal care, non-communicable diseases and community-based health initiatives. He also welcomed continued support addressing youth delinquency, addiction and other at-risk behaviours.

Ambassador Azais Tatistscheff noted that his accreditation was a proud moment for him and his family and remarked that his family has had ties with the Seychelles for the past 30 years. He also expressed pride in having contributed in the development of social programmes locally, through donations and technical assistance.

Ambassador Azais Tatistscheff pointed out that although the Embassy of the Sovereign Military Order of Malta remains operational in the Seychelles, he will be based in Dubai, in the United Arab Emirates.

Distributed by APO Group on behalf of Ministry of Foreign Affairs and the Diaspora, Republic of Seychelles.

Media files

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SA works to strengthen local government

Source: Government of South Africa

SA works to strengthen local government

Local government, which is at the coalface of service delivery, has for many years faced challenges that many would deem insurmountable, writes Neo Semono.

Understandably, for many citizens, it feels as if government is taking too long to address pressing issues such as water and sanitation, overcrowding in public schools, and refuse collection.

Skill mismatches, corruption and the flouting of the Public Finance Management Act and other legislation by some government officials, have also not helped matters, taking away from the democratic gains of basic service delivery to all South Africans, regardless of one’s skin colour.

One can also assert that while corruption within the corridors of state institutions such as municipalities is a challenge, not every government official is corrupt or unqualified for the job.

The presence of rotten potatoes does not mean that government has abdicated its responsibility to citizens. The state has continued to come up with ways to address its service delivery challenges, through vehicles such as the recently gazetted, reviewed Draft White Paper on Local Government, which is out for public comment. You can access the draft here:  https://www.cogta.gov.za/index.php/docs/government-gazette-review-of-the-white-paper-on-local-government/

The review of the 1998 White Paper seeks to modernise and strengthen the local government system to ensure municipalities are better equipped to respond to the developmental needs of communities. It proposes a range of key reforms aimed at improving governance, strengthening accountability, enhancing financial sustainability, and accelerating effective service delivery.

Government took the decision to review the 1998 version of the White Paper in 2022, cognisant of the challenges faced by municipalities. Following refinement, the document is ready for you and me as citizens to make our inputs ahead of the 28 May 2026 deadline.

The notion that the public participation process makes no difference in the outcome of what government passes as policy or legislation in the end is untrue. We ought to make inputs. This is our country and our home – and local government issues affect us all.

It is true that the drafting and passing of legislation does not automatically resolve problems. By no means is the legislation a silver bullet, but it does provide a framework for the effective running of the country’s 257 metropolitan, district, and local municipalities.

The White Paper is structured around five reinforcing pillars for change – namely: one local government system; clean and capable political and administrative governance; differentiated powers and functions and a pathway to a single-tier future; partnership-based relational governance; and financial and service delivery reform – all aimed at modernising the system.

The draft White Paper does not shy away from the reality on the ground, stating that “too many municipalities are trapped in reinforcing cycles of decline” and that this results in “a system that often struggles to sustain basic reliability, maintain assets, and deliver responsive local governance at the pace and quality communities expect.”

However, the White Paper is not the only way government has been working on resolving local government challenges.

President Cyril Ramaphosa has been leading engagements between the National Executive and  provincial governments across the country. To date, the President and Cabinet have held eight engagement sessions, with the last held in the Free State in March 2026. The engagements are aimed at encouraging closer collaboration between the national government and the provinces to tackle service delivery challenges.

Recently, Deputy President Paul Mashatile also revisited the Ditsobotla Local Municipality in the North West where water and sanitation, unreliable electricity supply and poor road infrastructure among other issues, were flagged by community members during his visit in January 2026.

During his oversight visit to the municipality in May 2026, the Deputy President said efforts to stabilise the municipality, including the deployment of seasoned former Free State Director-General Kopung Ralikontsane to help rebuild and strengthen the municipality, which Cabinet placed under administration in terms of Section 139 of the Constitution, were underway. 

Section 139 of the Constitution speaks to provincial intervention in local government.

In addition, a National Cabinet Representative (NCR), through whom the Cabinet will attend to the situation in this municipality on a day-to-day basis, has also been appointed. The NCR is a multi-disciplinary team under the supervision of the Department of Cooperative Governance and Traditional Affairs (CoGTA) and the Treasury.

Furthermore, as the voice of the people, the National Council of Provinces (NCOP), as one of the two houses of Parliament that represents provincial and local interests at the national level, recently embarked on its “Taking Parliament to the People” programme, which President Cyril Ramaphosa addressed on Friday, 15 May 2026, in the North West. In this programme communities are engaged on their concerns and issues. 

With its core function amongst others, including the oversight of local and provincial government, the NCOP acts as a bridge that makes sure that provincial and local concerns inform the country’s national policy and legislation. This shows that policies and legislation are not drawn up in a vacuum.

As citizens, we need to take an active interest in the running of our country; it is not the sole job of the state. Let us participate in fixing our municipalities by commenting on the White Paper and refusing to participate in corrupt activities in our municipalities. Let us not connect water and electricity illegally, let us pay for the services we use and not ignore municipal bills.

The clock is ticking; if we all play our part, we can turn the fortunes of municipalities around. –SAnews.gov.za

Neo Semono is a Features Editor at SAnews.gov.za 
 

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Public comment on Whistleblowers Bill closed, Parly public process to follow

Source: Government of South Africa

Public comment on Whistleblowers Bill closed, Parly public process to follow

The opportunity for public comments on the Protected Disclosures Bill will not be extended with the window to do so having closed last week, the Department of Justice and Constitutional Development said.

This as Minister Mmamoloko Kubayi emphasised the urgent need to have the Bill processed as soon as possible.

“Failure to expeditiously conclude this framework for the protection of whistleblowers will have grave consequences for the individuals who put the lives in danger to expose wrongdoing and corruption.

“A further extension will not be in the interest of whistleblowers and our justice system. I must emphasise that organisations and individuals will still have an opportunity to make comments on the Bill when Parliament opens for public participation,” Kubayi explained.

The department said the window for submissions closed on Thursday last week with calls by “some organisations for the window to be extended for them to submit their comments”.

“The department…has received a significant number of comments from various organisations and individuals, which will be processed to enrich the draft bill for submission to Parliament.

“Given the lacuna that currently exists on the legal framework for the protection of whistleblowers, the Minister deems it necessary to expeditiously conclude this framework for the protection of lives and livelihoods of individuals who come forward with information to expose criminal activities,” the department said on Thursday. – SAnews.gov.za

 

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African Energy Chamber (AEC) to Position Africa as South America’s Next Strategic Energy Frontier at Association of Oil, Gas and Renewable Energy Companies of Latin America and the Caribbean (ARPEL) Conference 2026

Source: APO


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The upcoming ARPEL Conference—organized by the Association of Oil, Gas and Renewable Energy Companies of Latin America and the Caribbean taking place on June 1- 4 in Buenos Aires will serve as a primary catalyst for building a new cross-Atlantic energy corridor. Convening regional stakeholders and energy leaders from South America and the Caribbean, the event offers a strategic platform to advance South American commercial interests in Africa, opening doors for institutional technology transfer, cross-continental investment, and shared operational experiences. Centering this narrative at the summit, the African Energy Chamber (AEC) (https://EnergyChamber.org) will lead a delegation to Buenos Aires, with Executive Chairman NJ Ayuk scheduled to brief regional operators on the expanding scope of bilateral market entries.

Ayuk’s participation comes as Africa enters one of its most active upstream investment cycles in over a decade. The continent is expected to see upstream capital expenditure of approximately $41 billion in 2026, while licensing rounds and new market entry opportunities continue to expand across Angola, Nigeria, Tanzania, Algeria, Sierra Leone and Equatorial Guinea. Emerging markets such as Namibia have already witnessed 60% exploration success in recent years, while new discoveries made in Ivory Coast and expanded drilling activities both onshore and offshore unlock pathways for commercial developments. Companies that establish themselves as early-movers stand to capture this value, highlighting a unique opportunity for South American companies, particularly those with proven frontier experience.

Perhaps one of the most strategic partnership avenues is the natural gas sector. For its part, Africa is rapidly positioning itself as one of the world’s next LNG hubs, with companies moving to unlock resources in proven – yet undeveloped – margins. Up to 140 trillion cubic feet (tcf) of discovered yet undeveloped resources lie in the Mozambique’s Rovuma (129 tcf) and Nigeria’s Niger Delta (113 tcf) alone, highlighting the scale of opportunity across the continent. Africa already supplies 8.5% of global LNG, but with global geopolitical events tightening global supply chains, this figure is expected to quadruple by 2050.

Another growth frontier is Africa’s shale gas market. While the continent possesses some of the world’s largest untapped shale resources, many countries continue to face operational and technical barriers to commercialization. Algeria alone holds more than 700 tcf of un-risked shale gas resources, while countries such as South Africa and Tanzania are evaluating tight gas and shale opportunities of their own.

South America’s expertise in gas production positions it as a key partner for Africa. Argentina’s development of the Vaca Muerta shale formation – accounting for 70% of its gas production – has established operational expertise in horizontal drilling, hydraulic fracturing, completion design, supply chain optimization and unconventional regulatory management – capabilities many African markets are actively seeking. The country is currently one of the gas biggest producers in the region, with production corresponding to 4.5 billion cubic feet per day (bcf/d), alongside Brazil which currently produces 5.4 bcf/d – primarily from associated oil projects. Other markets such as Trinidad and Tobago and Venezuela offer proven experience in LNG, cross-border energy infrastructure and export facilities.  

“The Atlantic is no longer a barrier; it is a commercial corridor. No nation in the Southern Hemisphere is better positioned to partner with Africa on unconventional energy development than Argentina. By exporting the hard-won expertise of Vaca Muerta, South American firms can capture early-stage value in Africa’s newest frontier basins,” says Ayuk.

These factors underscore South America’s value as a strategic partner for Africa, making a strong case for cross-Atlantic technology transfer, shared value chains and investments. The same technology that has been at the core of South America’s gas market are already operating in Africa. Notably, Golar LNG is advancing a multi-billion-dollar project in the Vaca Muerta shale formation, securing a two-decade-long charter for its FLNG unit last year. In Africa, the company pioneered FLNG solutions in Cameroon while supporting Senegal and Mauritania emergence as LNG producers through its Gimi vessel. 

As such, operational knowledge associated with FLNG infrastructure, offshore gas processing and midstream monetization is increasingly becoming a strategic advantage for companies seeking entry into African markets. The upcoming ARPEL Conference marks a strategic turning point for both South American, the Caribbean and Africa, laying the foundation for a South Atlantic energy revival while enabling two of the world’s biggest frontier regions the chance to examine world-class resources, similar development challenges and shared interest in ensuring energy revenues translate into lasting economic growth.  

Distributed by APO Group on behalf of African Energy Chamber.

Afreximbank Posts Robust Q1 2026 Results with 25% Growth in Net Income and Improved Profitability

Source: APO


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African Export-Import Bank (“Afreximbank” or the “Bank”) (www.Afreximbank.com) and its subsidiaries (the “Group”) announced its results for the three months ended 31 March 2026. The results demonstrate continued resilience, disciplined balance sheet management and strong deal execution despite a challenging global operating environment.

The Group continued to expand its lending activities in Q1 2026, resulting in total credit exposure growing by 2% to reach a portfolio of US$42 billion, up from US$41 billion as of 31 December 2025. This performance reflects Afreximbank’s leading role as a Development Finance Institution (DFI) in financing trade and trade-enabling infrastructure, and its strategic contribution to economic resilience across Africa and the Caribbean.

Average loans and advances for Q1 2026 stood at US$32 billion, up 8% compared to the same period in the prior year, driving the recorded growth in interest income. The Group’s liquidity position remained strong, with cash and cash equivalents of US$5.6 billion, representing 14% of total assets, consistent with FY2025 and above the Bank’s strategic minimum.

Asset quality also remained strong, with the non-performing loan (NPL) ratio at 2.40%, broadly in line with 2.43% at FY2025 and below industry average.

Shareholders’ funds increased to US$8.6 billion at 31 March 2026, up from US$8.4 billion at FY2025, supported by internally generated capital of US$268.9 million and new equity investments received during the quarter, underscoring the Bank’s continued ability to mobilise capital from its shareholders in support of its growth and development mandate.

The Group delivered strong profitability during the quarter.  Notwithstanding declining benchmark rates, total interest income rose by 14% year-on-year to reach US$813.6 million, while net interest income increased by 24% to US$510.0 million, compared with US$411.2 million in the first quarter of 2025. The Group’s cost-to-income ratio remained contained at 19%, well within the Group’s strategic ceiling of 30%. As a result, Profit for the period increased to US$268.9 million, up from US$215.4 million in Q1 2025.

The Group continued to maintain a strong capital position, with a capital adequacy ratio of 23% as at 31 March 2026, in line with the Bank’s long-term capital management targets.

During the quarter, Afreximbank continued to demonstrate its counter-cyclical role in response to external shocks. In March 2026, the Bank launched a US$10 billion Gulf Crisis Response Programme to help member countries mitigate adverse spillover effects from the Gulf crisis. The facility is designed to support liquidity, stabilise trade and payments, and address supply-side disruptions, particularly in energy, tourism and aviation, fertilisers, food and other critical imports.

The Bank also continued to deploy targeted financing and advisory support to strengthen trade flows, industrial capacity and economic resilience across Africa and CARICOM. Regional integration received further momentum following South Africa’s ratification of the Bank’s Establishment Agreement in February 2026, bringing one of Africa’s largest and most diversified economies into the Bank’s membership and giving the Bank full continental coverage.

Highlights of the results for Afreximbank Group are shown below:

Financial Performance Metrics

Q1’2026

Q1’2025

Gross Income (US$ million)

874.1

784.9

Net Income (US$ million)

268.9

215.4

Return on average equity (ROAE)

13%

12%

Return on average assets (ROAA)

2.62%

2.38%

Cost-to-income ratio

19%

16%

Financial Position Metrics

Q1’2026

FY’2025

Total Assets (US$ billion)

41.7

42.3

Total Liabilities (US$ billion)

33.0

33.9

Shareholders’ Funds (US$ billion)

8.6

8.4

Non-performing loans ratio (NPL)

2.40%

2.43%

Cash/Total assets

14%

14%

Capital Adequacy ratio (Basel II)

23%

          23%

Mr. Denys Denya, Afreximbank’s Senior Executive Vice President, commented:

“Against a backdrop of continued global uncertainty, heightened geopolitical risks and tight financial conditions, the Group delivered a resilient first-quarter performance, underpinned by disciplined balance sheet management, sound asset quality and strong capital and liquidity buffers. The growth in net interest income and profitability demonstrates the strength of our operating model and the continued relevance of our mandate. Our swift launch of the US$10 billion Gulf Crisis Response Programme further underscores Afreximbank’s counter-cyclical role in supporting member countries during periods of disruption. We remain focused on stabilising trade flows, easing liquidity pressures and advancing the industrial and economic transformation of Africa and the Caribbean.”

Distributed by APO Group on behalf of Afreximbank.

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

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

For more information, visit: www.Afreximbank.com