SA increases export volumes to boost fiscus and economic growth

Source: Government of South Africa

SA increases export volumes to boost fiscus and economic growth

As logistics and mobility reform remain one of the key pillars of government’s agenda for sustainable economic growth, South Africa plans to move up to 24 million tons of freight annually from 1 April next year.

“This will ensure more South African minerals, vehicles and agricultural produce reach international markets, securing jobs and earning much-needed revenue for our fiscus,” Minister of Transport Barbara Creecy said on Tuesday in Parliament.

Delivering the Budget Vote for the Department of Transport, Creecy announced that the Transnet Rail Infrastructure Manager (TRIM) will soon reveal the names of the first 11 private Train Operating Companies expected to help increase South Africa’s export volumes.

“An effective and efficient transport, mobility, and logistics system will unlock opportunity, restore competitiveness, reduce inequality and enable inclusive growth,” she said.

The Minister warned that South Africa faces growing competition from neighbouring countries investing in new rail and port infrastructure. 

“Consequently, logistics and mobility reform must be at the heart of our programme for long-term, sustainable economic growth. Improved rail and port infrastructure is already increasing throughput on key export corridors, ensuring improved network reliability, and achieving gains in job creation and emissions reduction,” the Minister said.

She tabled a R102 billion budget for the 2026/27 financial year aimed at building a transformed, inclusive and competitive transport system that serves commuters, freight operators and export industries.

“Significant strides have been made in unlocking investment and accelerating infrastructure delivery. The Durban Container Terminal Pier 2 Concession has reached financial close and will increase port handling capacity from 2.0 million to 2.8 million Twenty-Foot Equivalent Units (TEUs) a year,” the Minister said.

Creecy hailed the development as a bankable model for future public-private sector partnerships.

She said several Private Sector Participation projects are expected to move to market this year, including the Ngqura Manganese Export Corridor, Richards Bay Dry Bulk Terminal, and the Container Corridor between Gauteng and eThekwini.

“Through the Budget Facility for Infrastructure, R16.8 billion in public investment has already been approved and is in execution across the coal and iron ore lines and port infrastructure. Applications for a further R23.6 billion are being developed,” Creecy said.

Aviation sector

According to the Minister, the aviation sector continues to recover strongly and is contributing towards the target of 42 million passengers and 1.2 million tons of air freight moving through the Airports Company South Africa (ACSA) network by 2029.

“ACSA recorded 37.498 million passenger arrivals and departures in the year to date, representing a significant increase from 34.508 million recorded in the previous year. 

“In relation to air cargo, strategic infrastructure investment is on track to commence in March 2027. This development is complemented by a focused sector strategy targeting high-value cargo segments, including pharmaceuticals, e-commerce, aerospace and defence, perishables, diamonds and metals, and automotive components,” Creecy said.

Taxi industry

Creecy said the taxi industry remains a vital part of South Africa’s transport system and one of the country’s largest black-owned sectors.

“In this new financial year, we are formally establishing the Transport Economic Regulator so that port and rail fees can be independently determined, ensuring a level playing field for all operators,” she said.

The government will also conclude the review of the Taxi Recapitalisation Grant this year.

The programme aims to promote the use of safe and compliant vehicles while providing a capital subsidy to encourage compliance within the industry.

“Work is being done between the Department, taxi associations and financial institutions to reduce the risks associated with the cost of new vehicles and provide affordable finance to taxi operators,” Creecy said.

She added that formalising the taxi industry is essential to unlocking further economic value.

The South African National Taxi Council has already piloted a cashless taxi route in Gauteng, marking an important step towards modernising and de-risking the sector.

“The taxi industry remains a key part of the national transport landscape and one of the largest black-owned sectors in the country, with annual revenue estimated at between R60 billion and R100 billion, contributing about 1.4% to Gross Domestic Product (GDP),” the Minister said. –SAnews.gov.za

 

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Home Affairs wins Constitutional Court case against repeat asylum applications

Source: Government of South Africa

Home Affairs wins Constitutional Court case against repeat asylum applications

The Department of Home Affairs has secured a significant victory against the abuse of the asylum system following a judgment handed down by the Constitutional Court in Director-General, Department of Home Affairs and Others v Irankunda and Another. 

In its majority ruling, the apex court upheld the department’s appeal against an earlier ruling from the Supreme Court of Appeal by confirming that repeat asylum applications are not permitted once an original application has been finally determined. 

In a statement issued on Tuesday, the department said the judgment marks another major step in its efforts to clamp down on abuse of the asylum system and restore the rule of law in the broader management of immigration and refugee matters. 

The ruling, which prohibits endless repeat applications by asylum seekers whose original applications have been rejected, comes just weeks after Cabinet approved the Revised White Paper on Citizenship, Immigration and Refugee Protection. 

The policy introduces the first-safe-country principle aimed at ending the practice of asylum seekers “picking and choosing” South Africa as their preferred destination in the region. 

According to the department, the recent breakthroughs demonstrate that the department is making rapid progress in rebuilding these systems from the ground up to better serve South Africa’s interests. 

“This judgment from the highest court in the land is an affirmation of the unprecedented progress we are making in restoring the rule of law and clamping down on abuse in the migration and asylum systems. It further demonstrates that our commitment to systemic reform – not in opposition to but anchored in our Constitution – is rapidly resolving problems that once seemed insurmountable,” Home Affairs Minister, Dr Leon Schreiber, said.  – SAnews.gov.za

 

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Africa’s Travel Indaba showcases tourism as driver of growth and jobs

Source: Government of South Africa

Africa’s Travel Indaba showcases tourism as driver of growth and jobs

South Africa’s tourism sector is regaining momentum, with President Cyril Ramaphosa declaring that tourism is far more than an economic driver – it is “a living expression of people”.

Addressing delegates at Africa’s Travel Indaba currently underway at the Inkosi Albert Luthuli Convention Centre in Durban, the President praised the resilience of the sector and the partnerships that helped it weather some of the toughest years faced by the global tourism industry.

“We take pride in the resilience of the tourism sector. We take pride in the partnerships that have carried us through some of the most challenging years the global tourism industry has faced,” Ramaphosa said.

The President revealed that South Africa welcomed 10.5 million international visitors last year, describing it as a strong indication that global travellers are rediscovering the country with renewed enthusiasm.

As part of efforts to unlock even greater tourism growth, Ramaphosa said South Africa is working with neighbouring countries to advance the SADC Tourism UNIVISA, which would allow seamless travel across SADC member states.

“When Africans travel within Africa, it strengthens economies, deepens cultural ties and builds a more integrated continent,” he said.

Government is also expanding one-stop border posts and developing cross-border tourism itineraries aimed at showcasing the richness and diversity of the region. Ramaphosa emphasised the need to promote South Africa’s unique cultural, historical and natural attractions, saying he was encouraged by the growing response to this call.

Highlighting Durban’s evolving tourism landscape, the President noted that the City of eThekwini recently unveiled statues of Nelson Mandela and Oliver Tambo, adding two new attractions to the city’s tourism offering.

“This demonstrates the importance of expanding and diversifying our tourism offering, catering to a broad range of domestic and international travellers,” he said.

Ramaphosa stressed that rising tourism figures translate into real benefits for ordinary South Africans.

“The increases we have seen in tourism figures are not merely of statistical interest. They represent families supported, small businesses revived and communities that are being uplifted,” he said.

According to Statistics South Africa, the tourism sector now accounts for nearly one million direct jobs in the country, meaning around one in every 18 workers is directly employed in tourism.

The President also hailed Africa’s Travel Indaba as one of the continent’s most influential tourism platforms. Last year’s event drew about 10 000 delegates and more than 1 300 exhibitors, showcasing the best of African tourism while contributing to local economic and social development.

“The benefits are felt not only in boardrooms but also in small businesses, township enterprises and the homes of ordinary South Africans,” Ramaphosa said.

He added that tourism growth depends heavily on connectivity, with South Africa strengthening its tourism presence in China, India, Southeast Asia, Mexico and Brazil – all rapidly growing outbound travel markets.

“Our new visa reforms, including the Electronic Traveller Authorisation system and the Digital Nomad Visa, are designed to make travel easier and more seamless. We must nurture these relationships, expand air access and ensure our tourism products meet visitors’ expectations,” he said.

Welcoming delegates to Durban, eThekwini Mayor Cyril Xaba said the city was proud to once again host the world.

“Tourism remains one of the most powerful tools for economic growth, job creation, and social inclusion,” Xaba said.

He noted that Africa’s Travel Indaba continues to unlock investment, partnerships and opportunities for communities across the continent. Durban, he said, is steadily positioning itself as Africa’s leading tourism and events destination through improved global connectivity and new airline routes linking the city to key domestic, regional and international markets.

“Improved air access is opening Durban to greater tourism and investment opportunities, while making our city more accessible to travellers and business delegates alike,” Xaba said.

The Mayor also highlighted the city’s growing sports tourism sector, saying Durban’s world-class stadiums and facilities continue to attract major international sporting events and thousands of visitors annually.

Tourism Minister Patricia de Lille described tourism as an economic catalyst with life-changing impact.

“According to the recently released Statistics South Africa Satellite Account, by 2024 the tourism sector accounted for 954 000 direct jobs and contributed 4,9% to the country’s GDP. And with a record-breaking 10.5 million international arrivals in 2025, we are no longer speaking recovery – we are speaking growth,” De Lille said.

She said Cabinet’s approval of the Tourism Growth Partnership Plan in 2025, co-created with the private sector, marked a major step towards diversifying South Africa’s tourism offerings.

De Lille pointed to significant tourism investments already underway, including the R24 billion expansion of the V&A Waterfront, the R10.5 billion investment into Winelands Airport and the R2.1 billion Club Med Beach & Safari resort in KwaZulu-Natal, set to open in July.

The Minister added that the Department of Tourism continues to drive investment through the Tourism Infrastructure Investment Summit.

Africa’s Travel Indaba 2026 officially kicked off on Monday at the Inkosi Albert Luthuli Convention Centre with BONDay (Business Opportunity Networking Day), opened by Deputy Tourism Minister Makhotso Sotyu.

Held under the theme: “Unlimited Africa: Growing Africa’s Tourism Economy”, the Indaba runs from 11 to 14 May and brings together delegates, Ministers, exhibitors, buyers, media and tourism leaders from across Africa and the world.

The event coincides with Africa Month celebrations and provides a key platform to strengthen partnerships, unlock opportunities and shape a more inclusive tourism future that benefits communities, entrepreneurs and nations across the continent. – SAnews.gov.za

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SA secures additional FMD vaccines as regional response gains momentum

Source: Government of South Africa

SA secures additional FMD vaccines as regional response gains momentum

Agriculture Minister John Steenhuisen has announced the arrival of a further two million doses of Foot and Mouth Disease (FMD) vaccine from Dollvet in Turkey, on Tuesday morning, bringing the total number of doses imported since late February to eight million.

The latest arrival forms part of an accelerated procurement drive, marking a major escalation in government’s war against Foot and Mouth Disease, and reinforcing the department’s commitments to biosecurity, food security, and the protection of rural livelihoods.

Steenhuisen said that with an additional five million doses expected to arrive shortly, South Africa’s total imported vaccine volume will rise to 13 million doses.

Combined with the two million doses secured last year from the Botswana Vaccine Institute, the Minister said the country is projected to have 15 million doses by the end of May 2026.

“This sends a clear signal of our determination to protect the national interest, defend our livestock industry, and win the war against FMD,” the Minister said.

He added that the vaccination campaign is aligned with the department’s strategic objective to vaccinate 80% of the national herd, comprising approximately 14 million cattle, by the end of December 2026.

The Minister emphasised that large-scale vaccination is central to South Africa’s long-term strategy of achieving and maintaining “FMD free with vaccination” status, while reducing the economic and social damage caused by recurring outbreaks.

“By securing vaccine volumes at this scale, the department is ensuring that the agricultural sector remains a resilient pillar of the economy, capable of meeting international animal health standards while safeguarding domestic food security and protecting export markets,” he said.

Regional cooperation strengthened

Steenhuisen also highlighted the importance of regional collaboration in tackling transboundary animal diseases, noting that “diseases do not respect borders.”

On Monday, 11 May 2026, the Minister joined Eswatini Minister of Agriculture, Mandla Tshawuka, along with representatives from Mozambique, in Hazyview, Mpumalanga, where 300 cattle were vaccinated in a demonstration of regional solidarity and coordinated action.

Reflecting on lessons from South America’s success in controlling FMD, Steenhuisen stressed that no country can defeat the disease in isolation.

“Cows do not carry passports. If one country acts alone, the risk remains for everyone. That is why we are working closely with our neighbours to build a truly regional response.

“We must move beyond simply reacting to outbreaks and establish a SADC antigen bank so that Southern Africa can rapidly access vaccines when they are needed most, without relying on lengthy international procurement processes,” Steenhuisen said.

SADC Ministerial meeting

Meanwhile, momentum around the regional strategy is expected to continue later this month, when Steenhuisen chairs a meeting of Southern African Development Community (SADC) agriculture ministers in Zimbabwe.

The meeting will focus on establishing a regional platform for animal movement control, livestock traceability, and coordinated response mechanisms for transboundary animal diseases.

Reaffirming government’s support for the agricultural sector, Steenhuisen acknowledged the toll the disease has taken on farming communities.

“We have seen the pain, uncertainty, and the economic damage this disease has inflicted on farming communities across our country. I have made a commitment that if we continue implementing this plan at scale and with urgency, this must be the last major Foot and Mouth Disease outbreak to devastate our people. We are fighting this disease with everything we have, and we stand firmly with our farmers,” Steenhuisen said. – SAnews.gov.za

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Kubayi tables budget prioritising crime, corruption, increasing access to justice

Source: Government of South Africa

Kubayi tables budget prioritising crime, corruption, increasing access to justice

Justice and Constitutional Development Minister Mmamoloko Kubayi tabled the department’s 2026/27 R26.3 billion budget in Parliament on Tuesday.

“The priorities for this financial year include fighting crime and corruption, increasing access to justice through improved efficiency and effectiveness of our systems, and deepening the transformation of the legal sector,” Kubayi said.

The Minister reiterated the department’s commitment to “contributing to establishing a criminal justice system that is preventative, responsive and effective” against the scourge of Gender Based Violence and Femicide (GBVF).

“During the current financial year, an additional 20 sexual offences courts will be established in communities with the highest incidence of sexual offences to ensure a dedicated focus on these cases.

“In the last financial year, 40 courts were upgraded in line with the minimum standards for domestic violence. In the current financial year, 44 district courts will be upgraded in line with the minimum standards of this strategy to provide a new service model that is custom-made for victims of domestic violence,” Kubayi said.

The National Prosecuting Authority’s Thuthuzela Care Centres will also be increased. The centres act as one-stop facilities aimed at providing survivor centred support for GBV and rape victims.

These centres – critical to the country’s anti-rape strategy – are situated within public hospitals and integrate medical, legal and psychological services in a single location to minimize additional trauma and support the pursuit of justice.

“The NPA currently has 68 Thuthuzela Care Centres, and it will add 4 more in the 2026/27 financial year to bring the total to 72. SOCA unit will continue to enhance its work to ensure successful prosecutions of GBVF cases,” she added.

Justice for all

Kubayi told parliamentarians that the department is expanding access to justice for South Africa’s rural communities.

“[The] department has undertaken an initiative to extend additional court services to the courts that are historically serving as satellite points for larger magistrates’ courts.

“During this financial year, additional services will be extended to 19 courts across the country. This initiative is aimed at bringing justice services closer to rural and township communities, reducing travelling time and cost, and alleviating the caseloads at the main courts,” she said.

Court infrastructure will also be targeted.

“Regarding lower court infrastructure, a budget allocation of over R 463 million has been set aside for buildings and other fixed structures for financial year 2026/27.

“[Some] 186 projects at various stages of implementation will be funded from the allocation and priority will be given to projects already underway. The total budget allocation for minor works or maintenance of the courts across provinces is just over R48.5 million,” she said.

Transforming the sector

Kubayi noted that the Constitution enjoins government to empower, in particular, women and youth. In this regard, transformation is an “integral part of healing the divisions of the past and freeing the potential of each person”.

“For our part as government, we have made a commitment to the sector to implement a number of reforms so that we can alter our briefing patterns in favour of the blacks and women legal practitioners.

“The request for quotation (RFQ) system will be reviewed so that state attorney’s intent of diversifying briefing patterns of the state in favour of blacks and women is achieved. The office of the state attorney has commenced with the process of profiling legal professionals with the aim of creating a grading system which will be used in the allocation of briefs.

“The grading system will use number of years in practice to grade practitioners who wish to compete for work in the public sector so as to ensure that RFQs are compiled such that they are sent to legal practitioners of the same years of experience and cater for all genders,” she said.

Turning to management of state litigation, the Minister said government will use the intergovernmental National Litigation Forum to “ensure a coordinated approach between state attorneys and client departments”.

“This will ensure state briefing patterns are consistent across government and transformation policies are adhered to without exception.

“To deal with the backlog on state litigation, we are going to bring in legal experts who are going to help us assess the merits of each case to determine the best course of action on how to resolve the cases. This will help us to speedily reduce the litigation backlog and bring down the cost of litigation for the state,” Kubayi said.

The compensation of employees represents some 62% of the total budget of the department, coming in at R16.4 billion while R5.4 billion is set aside for goods and services.

A total of R3.8 billion will go to transfers and subsidies to public and constitutional entities and a further R2.75 billion is for magistrates’ salaries and R628.8 million for payments for capital assets.

“The budget was reduced by R332.108 million in 2026/27, driven by the downward revision of the inflation target, from 6% to 3%, and a function shift to the Office of the Chief Justice (OCJ) as part of phase 1 towards a single judiciary,” said the Minister. – SAnews.gov.za

 

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Government allocates nearly R31 billion to SANRAL

Source: Government of South Africa

Government allocates nearly R31 billion to SANRAL

The South African National Roads Agency (SANRAL) is expected to receive almost R31 billion this year to maintain, rehabilitate, upgrade and expand the road network.

“These funds will be used for capital expenditure on the non-toll network, the Gauteng Freeway Improvement project operations; the N2 Wild Coast route for ongoing construction on major bridges, and new road sections on our national highways as well as the development of the Moloto Road corridor,” Minister of Transport  Barbara Creecy said on Tuesday in Parliament.

The Minister was tabling the Department of Transport’s R102 billion Budget Vote, aimed at building a transformed, inclusive and competitive transport system that serves commuters, freight operators and export industries.

Creecy said the infrastructure projects are expected to improve road safety, shorten travel distances, and create more than 35 000 job opportunities while supporting over 2 000 small enterprises

“Investment in public infrastructure projects is a significant catalyst for job creation and economic development,” the Minister said.

However, the Minister raised concerns about ongoing challenges at provincial and municipal levels, where funding and in-house technical capacity for road maintenance often remain inadequate.

“Since 2013, provincial governments have transferred 13 000 kilometres of provincial roads to SANRAL for management and maintenance. 

“This is not a sustainable long-term strategy and will ultimately impact SANRAL’s ability to maintain the National Road Network without introducing widespread tolling,” Creecy said.

To address the issue, the government plans to convene a joint meeting between the National Treasury and the Department of Transport through the Minister and MECs (MINMEC) forum to explore mechanisms to frontload the Provincial Road Maintenance Grant, enabling provinces to upgrade priority roads sooner.

Commuter rail revival gains momentum

The revitalisation of the passenger rail system continues to go from strength to strength, with yearly passenger journeys surpassing 100 million at the end of March 2026. 

“This sixfold increase over four years reflects deliberate and sustained investment in infrastructure, rolling stock, security, and institutional reform. In Gauteng, KwaZulu-Natal and the Western Cape, we are increasing train frequencies, improving security, reducing vandalism and ensuring connectivity for communities previously excluded from reliable transport services,” the Minister said.

At the end of 2025, a Request for Information (RFI) process for passenger rail was launched to gauge the appetite for investment in rapid regional rail, depot modernisation, rolling stock leasing, automated fare collection, and optic fibre installation.

“With current fiscal shortages, we are also in discussion with the National Treasury on frontloading mechanisms so we can conclude restoration of outstanding priority lines.

“Effective passenger rail systems must be integrated with other modes of transport to ensure safety and efficiency,” the Minister said.

Government reviewing the RAF system

Creecy said the department is reviewing the proposed Road Accident Fund Bill to reduce contingent state liability through the introduction of a no-fault system and a standardised injury compensation framework.

The Road Accident Fund is responsible for compensating and rehabilitating people injured in motor vehicle accidents within South Africa.

However, the entity continues to face mounting pressure due to a growing backlog of claims, legal challenges and severe financial constraints linked to the country’s high rate of road accidents.

Government is also exploring a hybrid funding model that would combine private and public contributions to reduce pressure on the fiscus.

“We wish to emphasise today that road safety is a national crisis. Last year, South Africa lost over 11 418 lives on our roads, one of the worst rates globally,” Creecy said.  SAnews.gov.za

 

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Verdant IMAP acts as financial advisor and arranger to Heath Goldfields on its USD 65 million debt financing and offtake

Source: APO

Verdant IMAP (www.Verdant-Cap.com) has advised Heath Goldfields Ltd., the Ghanaian- mining company revitalising the historic Bogoso–Prestea Gold Mine, on a USD 65 million debt financing and associated offtake arrangements. The debt financing shall be used for capex related to the company’s medium term mine plan following an initial restart in December 2024 and for general corporate purposes.

Under the terms of the agreement, in addition to providing the substantial debt financing, Trafigura has committed to purchase 700,000 ounces of gold from the Bogoso–Prestea operation, representing a commercial commitment valued at approximately US$2.8 billion. The offtake arrangement secures a long-term sales channel for Heath Goldfields’ production at competitive market-linked terms and provides revenue certainty as the company scales output from the mine. 

The agreement represents one of the most significant gold offtake commitments in West Africa in recent years and marks a major milestone in the Bogoso–Prestea revival programme. It signals Trafigura’s confidence in Heath Goldfields’ operational capacity and the long-term prospectivity of a well resourced asset compliant with SK-1300 standards.

The offtake agreement provides for the purchase of gold doré produced at the Bogoso–Prestea processing facility Deliveries will commence in line with the company’s production schedule. The agreement has been structured at competitive industry terms benchmarked to prevailing international gold prices.

For Trafigura, the agreement deepens its presence in West African precious metals and aligns with the firm’s broader strategy of securing long-term supply from established mining jurisdictions. Ghana remains Africa’s leading gold producer and offers a mature regulatory framework, stable fiscal environment, and strong government partnership.

This transaction was structured and arranged by Verdant IMAP, acting as exclusive financial advisor to Heath Goldfields. The transaction reinforces Verdant IMAP as one of the leading financial advisors in the African capital market, with the capacity to structure and arrange transactions with Tier 1 global counterparties.

Distributed by APO Group on behalf of Verdant Capital.

Media enquiries:
Verdant IMAP
Orient Mahonisi
T: +27 10 140 3700
E: orient.mahonisi@verdant-cap.com

About the Bogoso–Prestea Gold Mine:
The Bogoso–Prestea Gold Mine is one of West Africa’s most historically significant mining operations, having produced more than 9 million ounces of gold since 1912. Located in the Prestea Huni-Valley district of Ghana’s Western Region, the operation features a 1.5 million tonne per annum CIL processing plant, sulphide processing infrastructure, grid power access, and established road networks.

Heath Goldfields completed the first gold pour at Bogoso–Prestea in February 2026, marking the restart of production following a 24-month shutdown. Within just three months of commencing production, the company exceeded its capital raise milestones, reinforcing the strength of its operational and financial strategy. The revival has created over 1,400 direct and indirect jobs and engaged more than 15 local contracting firms.

About Heath Goldfields Ltd.:
Heath Goldfields Ltd. is a proudly Ghanaian-owned gold mining company focused on the responsible redevelopment of the Bogoso–Prestea Gold Mine. With deep technical expertise and a commitment to sustainable, community-centred operations, the company is repositioning the asset as a modern, globally competitive mining operation. Heath Goldfields combines indigenous ownership, local workforce development, and Ghanaian entrepreneurship with international best practices in safety, environmental compliance, and stakeholder engagement.

About Trafigura Pte Ltd:
Trafigura is one of the world’s largest independent commodity trading companies. The company trades in metals and minerals, oil and petroleum products, gas, power, and renewable energy, connecting producers and consumers across the globe. Trafigura has an established track record of long-term offtake partnerships with mining producers across Africa and internationally.

About Verdant IMAP:
Verdant IMAP is a leading pan-African investment bank specialising in mergers and acquisitions (M&A) and private capital markets. Combining international investment banking experience with a deep understanding of local markets, Verdant IMAP helps clients access global capital and strategic partnerships to drive growth and transformation across the continent. Verdant IMAP has extensive experience in the Metals & Mining sector in Africa.  Verdant IMAP is the IMAP partner firm for its region. IMAP, established in 1973, is a global M&A partnership with over 600 professionals across 51 countries and completing around 300 transactions per year is consistently ranked among the top 5 advisors worldwide for mid-market transactions. www.Verdant-Cap.com

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Amini, Foxconn and Bull Join Forces to Advance Sovereign Artificial Intelligence (AI) in the Global South

Source: APO

Amini (https://www.Amini.ai/), a sovereign AI infrastructure company, today announced a strategic partnership alongside Hon Hai Technology Group (Foxconn), the world’s largest electronics manufacturer, and Bull, a global leader in high-performance computing, artificial intelligence and quantum computing, to close the sovereign compute gap across Africa and the Global South, giving governments, telecom operators, financial institutions, and energy companies direct access to industrial-grade AI data centre infrastructure they can acquire, install, and operate locally. The partnership marks Foxconn’s first dedicated infrastructure initiative focused on African markets and establishes Amini as its strategic partner across Africa and other emerging economies.

Amini operates one of Africa’s leading platforms for locally anchored compute and data capacity, working across multiple markets with governments and enterprises to strengthen domestic AI infrastructure.

Foxconn is the world’s largest AI server provider with its technology-intensive hardware underpinning the global AI economy, including advanced computing systems, server architecture, and modular data centre technologies used by the world’s leading firms. Through the partnership, these systems are made accessible to African and Global South institutions in configurations designed for local operating conditions and regulatory environments.

The partnership is supported by French-government owned Bull as it  builds on its existing collaboration with Amini to support sovereign AI infrastructure projects. Committed to fostering local ecosystems and regionalized AI, Bull brings additional systems integration capabilities with a longstanding experience covering the full spectrum of high-performance and artificial intelligence, from systems and components to platforms and use cases.  

The announcement was made at the Africa Forward Summit, hosted in Nairobi on 11–12 May 2026, a high-level convening of heads of state, business leaders, and global institutions advancing Africa’s strategic position in the digital economy.

Speaking at the opening of the Africa Forward Summit on Monday 11 May, Emmanuel Macron, President of the Republic of France, said: “[…] this partnership between Amini, Bull and Foxconn for me is a perfect example of this common sovereignty story: African, European and Taiwanese companies. All of us have to face this challenge of sovereignty and reducing our dependencies.”

The market opportunity

The partnership arrives at a defining moment for the global digital economy. Africa’s digital economy is projected to reach USD 1.5 trillion by 2030. Across the Global South, the trillion-dollar demand for AI-enabled services in finance, energy, public administration, and connectivity is materialising faster than the sovereign infrastructure required to serve it. Without locally anchored compute, that demand will be met by external providers, and the economic value it generates will flow outward.

Africa’s data centre market is projected to nearly double from USD 3.49 billion in 2024 to USD 6.81 billion by 2030, with installed capacity expected to triple to more than 3,460 megawatts over the same period. The continent’s AI and cloud infrastructure remains concentrated in the hands of a small number of operators. The Amini-Foxconn-Bull partnership signals a shift toward locally anchored, sovereign-aligned AI infrastructure and compute capacity built for African and Global South markets.

The downstream implications are substantial. Locally anchored compute creates skilled employment, strengthens regional technology ecosystems, and retains economic value within domestic markets. Industry estimates place Africa’s AI and data infrastructure value chain at between USD 20 billion and USD 30 billion in revenue by 2030, a figure that compounds significantly when paired with productivity gains across finance, energy, public services, and trade.

Built for African realities: why modular

Traditional hyperscale data centres depend on stable grids, multi-year construction timelines, and capital expenditure profiles that exclude most African and Global South stakeholders.

The modular AI data centre infrastructure provided through the Amini-Foxconn-Bull partnership is engineered for these realities. Systems operate in variable power environments, can be deployed in under 12 months, and scale incrementally with offtake demand. Institutions acquire the capacity they require today and expand over time, in line with usage, and without the cost structure and timeline complexity of conventional builds. Each configuration is designed for full data sovereignty, with data remaining in-country under domestic regulation.

Sovereign capability across the sectors driving African economies

The partnership opens sovereign AI infrastructure to the institutions that anchor national economic activity. Energy and utilities can apply AI to grid optimisation and predictive maintenance. Banks and financial institutions can build risk, credit, and financial inclusion systems independent of external platform dependencies. Telecom operators can run edge AI and network intelligence at scale. In each case, the underlying capability, compute, data, and governance, remains domestically held.

For Amini, the partnership is a structural step toward redistributing how AI capability is built and held globally. “AI is becoming foundational infrastructure for every economy, yet most of the world still lacks the compute capacity required to participate on its own terms,” said Kate Kallot, Founder and CEO of Amini. “This partnership ensures that Africa and the Global South can acquire, own, and operate AI infrastructure locally, with sovereignty and long-term economic value at its core. The trillion-dollar demand for AI services across our markets will be met. The question is whether the infrastructure beneath it is held with us, or for us.”

For Foxconn, the initiative reflects a deliberate expansion into markets where industrial-scale AI infrastructure has historically been absent. “Africa’s participation in the AI economy depends on infrastructure designed for its conditions, not adapted from elsewhere,” said Jesse Chao, Head of AI & Quantum at Foxconn, during the Africa Forward Summit. “This partnership brings Foxconn’s global capabilities into a market model built for sovereign ownership and long-term operational viability.”

For Bull, the collaboration extends a longstanding commitment to sovereign digital capacity in emerging markets. “Africa and more generally the Global South have the potential to emerge as a global-scale AI hub, by continuing to build regional computing capacity and supply chain independence. Bull is proud, through its partnership with Amini and Foxconn, to be a part of this journey, to develop a sovereign AI infrastructure.” said Alexandre Jouys, Chief Commercial Officer and Head of Southern Europe, Middle East and Africa, at Bull. “Our joint solution with Amini reflects a shared conviction that durable digital capacity must be built with the institutions it serves, not delivered to them.”

Distributed by APO Group on behalf of Amini.

Media Contacts:
Media Relations at Amini  
press@amini.ai

Media Relations at Bull  
communication@bull.com

Media Relations at Foxconn
media@foxconn.com

About Amini:
Amini is a sovereign AI infrastructure company enabling locally anchored compute, data, and AI capacity across Africa and the Global South. The company partners with governments, multilateral institutions, and enterprises to bring infrastructure within reach of the regulatory, operational, and economic conditions of emerging markets. Learn more: https://www.Amini.ai/.

About Bull:
Leveraging nearly a century of innovations, Bull is a global leader for High-Performance Computing, Artificial Intelligence and Quantum technologies with c.720m€ in revenue and 3,000 professionals operating in 32 countries. Built on an open, end-to-end and trusted approach, Bull designs, deploys and operates hardware, software and strategic services that unlock enterprise value, accelerate scientific research and advance society. Driven by world-class R&D, backed by 1,600 patents, manufacturing excellence and data sciences expertise, Bull enables nations and industries to fully control their AI and data and to drive progress for the benefit of the planet.

For more information, please visit our website (https://apo-opa.co/3R6ABIa) and follow us on Instagram (https://apo-opa.co/48RlyIv), LinkedIn (https://apo-opa.co/3PjAwjU), X (https://apo-opa.co/4wvZD3R), and YouTube (https://apo-opa.co/42q38uP).

About Foxconn:
Hon Hai Technology Group (Foxconn) (TWSE:2317) is the world’s largest electronics manufacturer and leading technology solutions provider, ranking 28th in Fortune Global 500. In 2025, revenue totaled TWD8.1 trillion (approx. USD260 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and other. Operating over 240 campuses across 24 countries, Foxconn is one of the world’s largest employers with approx. 900,000 employees during peak manufacturing season. We are committed to sustainability in the manufacturing process and serving as a best-practice model for global enterprises. The Group is guided by its 3+3+3 strategy, actively investing in industries of electric vehicles, digital health, and robotics; in technologies of artificial intelligence, semiconductors and next-generation communications; in intelligent platforms of Smart Manufacturing, Smart EV and Smart City. Foxconn is dedicated to becoming a comprehensive, world-class enterprise, with AI as its core driving force. Learn more at www.Foxconn.com/en-us.

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Africa Faces Growing Blind Spot in Financial Control as Information Technology (IT) Asset Visibility Gap Widens

Source: APO


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As organisations across Africa intensify their focus on financial discipline, cost optimisation, and governance, a critical vulnerability is becoming increasingly apparent: the lack of accurate, real-time visibility into IT assets such as laptops, desktops, and distributed computing equipment.

In many African organisations, assets are deployed across cities, regions, and in some cases countries often without a consistent mechanism to verify their status in real time. In environments shaped by distributed operations, varying infrastructure conditions, and increasingly mobile workforces, maintaining an accurate view of assets has become significantly more complex.

At the same time, businesses are under pressure to maximise existing capital, delay unnecessary procurement, and extract greater value from deployed assets. Despite this, many organisations continue to rely on static asset registers and manual tracking processes that fail to reflect operational reality.

The result is a growing disconnect between what is recorded on balance sheets and what actually exists within the business assets that cannot be verified, devices that are unaccounted for, and capital tied up in resources that are not delivering value.

“This is a silent but significant challenge,” said Valene Nagiah, Head of Asset Tracking and Management at V-Track. “Many organisations believe they have asset visibility, but in practice, they are operating on assumptions. In environments where teams are distributed and assets are constantly moving, those assumptions quickly break down.”

Across key African markets in Southern, East, and West Africa, organisations are managing increasingly complex asset environments without the systems required to maintain continuous visibility. As digital transformation accelerates, this gap is becoming more pronounced turning what was once an operational issue into a financial and governance priority.

This lack of visibility is increasingly being linked to measurable business impact, including avoidable procurement spend, underutilised assets, audit exposure, and heightened security risk. In environments where assets move between offices, remote locations, and employees, gaps in visibility can quickly translate into both financial loss and operational vulnerability.

In response, organisations are beginning to shift away from periodic audits and spreadsheet-based tracking toward continuous, intelligence-driven asset management.

V-Track, an established asset intelligence platform supporting organisations across African markets, is enabling this shift by moving asset management from static record-keeping to real-time, verifiable control.

The platform allows organisations to:

  • Verify the existence, location, and status of assets in real time
  • Align IT asset data with financial reporting and audit requirements
  • Identify and recover underutilised or unaccounted assets
  • Strengthen governance, compliance, and cybersecurity frameworks
  • Optimise capital allocation through accurate utilisation insights

“What is changing is the expectation of control,” added Valene Nagiah. “IT assets are no longer just operational tools they are financial assets that need to be actively managed. Organisations that can continuously verify and track these assets are able to reduce waste, improve accountability, and make better financial decisions.”

The challenge is particularly pronounced in African operating environments, where organisations often manage assets across multiple regions, remote locations, and decentralised teams. Without continuous visibility, maintaining accurate records and ensuring accountability becomes increasingly difficult.

Combined with rising cybersecurity risks and tighter regulatory scrutiny, this creates a growing imperative for organisations to ensure that every asset is accounted for, secured, and delivering value throughout its lifecycle.

In this context, IT asset visibility is fast becoming a foundational layer of financial and operational control. Organisations that close this gap are better positioned to improve governance, reduce unnecessary expenditure, and strengthen overall business resilience.

“Organisations that cannot see their assets cannot control their costs,” said Nagiah. “Closing that visibility gap is no longer optional it is essential to operating effectively in today’s environment.”

V-Track supports organisations in bridging this gap by providing continuous, accurate insight into asset environments and enabling finance and IT teams to operate with greater alignment, accountability, and control.

Distributed by APO Group on behalf of V-Track.

Media Contact:
Valene Nagiah
VNagiah@vtrack.io

About V-Track:
V-Track is an asset intelligence platform that enables organisations to gain real-time visibility and control over their IT assets. Designed for complex and distributed environments, V-Track connects asset data to financial and operational outcomes helping businesses reduce loss, strengthen governance, improve audit readiness, and optimise capital allocation. By transforming asset management into continuous, verifiable control, V-Track supports organisations in managing assets not just as operational tools, but as accountable financial investments.
V-Track Asset Management and Tracking: www.VTrack.io

Minister of State for Foreign Affairs Meets Spanish State Secretary for Foreign and Global Affairs

Source: Government of Qatar

Doha| May 12, 2026

HE Minister of State for Foreign Affairs Sultan bin Saad Al Muraikhi met Tuesday with HE State Secretary for Foreign and Global Affairs of the Kingdom of Spain Diego Martinez Belio, who is currently visiting the country.

During the meeting, they reviewed cooperation relations between the two countries and ways to support and develop them.

The two sides also discussed developments in the region, particularly those related to the ceasefire between the United States and the Islamic Republic of Iran, as well as efforts aimed at de-escalation in a manner that contributes to strengthening security and stability in the region, in addition to a number of issues of mutual interest.