Government supports 9.2 million social grant beneficiaries

Source: Government of South Africa

Government supports 9.2 million social grant beneficiaries

Government continues to support vulnerable households by contributing to poverty alleviation and reducing inequality through the administration of social grants by the South African Social Security Agency (SASSA). 

These efforts are demonstrated by the disbursement of 9.2 million social grants to beneficiaries, providing a critical social safety net.

This is according to Minister in the Presidency for Planning, Monitoring, and Evaluation, Maropene Ramokgopa, who on Friday provided an update on government’s performance against the Medium-Term Development Plan (MTDP) 2024–2029 for the period April to September 2025.

The performance is measured against government’s priorities for the seventh administration that includes driving inclusive economic growth and job creation; reducing poverty and tackling the high cost of living; and building a capable, ethical, and developmental state. 

During this period 452 302 individuals benefitted from food and nutrition programmes, showing momentum in government’s intervention to increase access to nutritious food to all vulnerable individuals.

“Poverty and inequality remain structural challenges, and are compounded by slow growth, energy constraints, and global economic pressures. Social protection continues to play a critical stabilising role for vulnerable households,” the Minister said.

She noted that the rapid gains in poverty reduction achieved before the year 2011 have not yet been fully recovered.

“The rising administered prices and food costs continue to place pressure on household incomes. South Africa’s inequality remains high, with a Gini coefficient of approximately 0.63.

“High unemployment continues to undermine poverty reduction efforts, while challenges persist in grant payment systems, and resourcing for gender-based violence and femicide (GBVF) interventions,” the Minister said.

A total of 120 935 victims of gender-based violence and femicide (GBVF) received psycho-social services, as part of government’s efforts to implement the National Strategic Plan on Gender-Based Violence and Femicide, and expand victim support services such as the Thuthuzela Centres, and GBV Desks and Victim Friendly Facilities in police stations.

Education and Early Childhood Development 

The Education and Early Childhood Development (ECD) sector exceeded its 2025 target of 10 000 ECD centres, in addition to the18 000 that are already registered.

The Minister indicated that 1.3 million children are enrolled in ECD programmes.

She said 97% of Sanitation Appropriate For Education (SAFE) projects are completed while expressing concern for the decline in mathematics enrolment in schools.

Ramokgopa called for an acceleration in the elimination of pit latrines and modernisation of school sanitation.

“Expand teacher training and resourcing for mathematics and science. Scale up subsidised ECD access and maintenance funding to provinces. Strengthen disability support units across ordinary schools,” the Minister recommended.

In the reporting period, HIV viral suppression stood at 96%.

“TB treatment success improved to 76.8%, while there has been progress on National Health Insurance (NHI) governance structures despite litigation. Antiretroviral Treatment (ART) coverage is at 79%, short of the 85% target,” the Minister said.

Human Settlements

The Minister stressed that bulk infrastructure in metros and secondary cities should accelerate housing delivery.

This as 7 028 housing units were delivered, only meeting 27% of the MTDP target.

A total of 12 623 serviced sites were completed during the reporting period (against an annual target of 62 800).

“Fast track title deed restoration with digital cadastre integration. Strengthen municipal planning capacity for informal settlement upgrading. [Lastly] enhance coordination between the Departments of Human Settlements, Water and Sanitation, and Transport, and Eskom for integrated urban development,” the Minister said.

A total of 8 014 title deeds were issued during the reporting period against an annual target of 16 000.

“Overall, our analysis indicates that government is making steady progress in several priority areas, particularly where coordination across government has improved, and where clear performance indicators are in place.

“At the same time, we have observed that progress tends to be hampered by several challenges that include capacity constraints, delayed implementation, and uneven performance across sectors and regions.

“The MTDP is government’s blueprint for driving change and improving the lives of our people. While progress has been made, we are clear that more must be done, with urgency, discipline and focus,” Ramokgopa said. – SAnews.gov.za

nosihle

45 views

Economic recovery continues to improve steadily

Source: Government of South Africa

Economic recovery continues to improve steadily

While government’s efforts to support economic recovery are gaining momentum, more need to be done to significantly reduce unemployment.

This is according to the Minister in the Presidency for Planning, Monitoring, and Evaluation, Maropene Ramokgopa.

“South Africa is making progress, but more must be done to ensure economic recovery translates into jobs, income, and improved well-being for all,” the Minister said on Friday in Pretoria.

She was providing an update on government’s performance against the Medium-Term Development Plan (MTDP) 2024–2029 for the period April to September 2025, which measures performance against government’s priorities  for the seventh administration.

They include driving inclusive economic growth and job creation; reducing poverty and tackling the high cost of living; and building a capable, ethical, and developmental state.

Government has achieved a primary budget surplus, signalling its commitment to fiscal discipline. 

In addition, Operation Vulindlela has played a critical role in removing structural constraints to economic growth. 

“During the reporting period, progress has been reported in energy reforms, logistics and water infrastructure coordination. This has contributed to improved system performance and greater private-sector investment confidence,” Ramokgopa said.

She noted that South Africa recorded 0.8% Gross Domestic Product (GDP) growth in the second quarter (Q2) of 2025, the strongest quarterly performance since 2022, despite global economic volatility. 

“The unemployment rate declined by 1.3 percentage points to 31.9%, with 248 000 jobs added in the third quarter (Q3) 2025. However, youth unemployment remains extremely high at 58.5%, signalling deep structural labour market challenges. 

“Poverty and inequality remain entrenched, with a Gini coefficient of 0.63. South Africa is making progress, but more must be done to ensure economic recovery translates into jobs, income, and improved well-being for all,” the Minister said.

South Africa’s exits from the Financial Action Task Force (FATF) grey list after successfully implementing key reforms to combat money laundering and the financing of terrorism has improved investor confidence.

Ramokgopa highlighted key sectors that continue to show progress. 

These include R44.2 billion in new investments that were secured across sector masterplans, the automotive sector saw launch of BMW X3 Plug In Hybrid Electric Vehicle, backed by a R4.2 billion investment and battery minerals pipeline is valued at R40 billion.

In the Micro, Small, and Medium Enterprise (MSME) and informal economy, 45 105 jobs were created, and 41 753 were sustained through MSME programmes.

“In tourism, international arrivals increased to 7.6 million between January and September 2025. Tourism visa reforms are underway through the Electronic Travel Authorization (ETA) system

“In terms of energy security, more than 175 consecutive days without load shedding were recorded in the reporting period. The Energy Availability Factor improved to 63.29%, reaching 70% on several days,” she said.

Infrastructure

Government has set aside R1.03 trillion for public infrastructure over the Medium-Term Expenditure Framework (MTEF).

The Minister emphasised that infrastructure investment remains a key lever for inclusive growth in the country.

“The Infrastructure Fund has approved 26 blended finance projects worth R101.6 billion. The Budget Facility for Infrastructure (BFI) approved 10 major projects worth R37.1 billion for implementation.

“Despite this momentum, delays persist due to municipal capacity constraints, procurement inefficiencies, and inadequate project preparation.

“High municipal debt levels (94.6 billion rand as at March 2025) pose risks to infrastructure sustainability. Grid expansion delays also threaten future energy security, despite recent improvements,” she said.

Local government performance

According to the Minister, work continues to strengthen the performance of local government as financial challenges in municipalities persist.

“An Inter-Ministerial Committee has been established to support distressed municipalities. Local government reforms are being introduced through the review of current legislative and regulatory framework with the development of a White Paper on Local Government (LGWP).

“The Presidential Working Group has also been established to support Metros, including the implementation of the Metro Trading Service Reform Programme,” she said. – SAnews.gov.za

nosihle

52 views

Afreximbank’s Risk Framework Assessed and Registered as Complying with ISO 31000:2018, Reinforcing its Mandate as the Continent’s Leading Trade Finance Institution

Source: APO


.

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been registered with the ISO 31000:2018 Risk Management Standard by Certification Partner Global (CPG), marking a significant milestone in the Bank’s institutional evolution and commitment to world-class operational excellence.

Issued in November 2025, this registration follows rigorous independent assessments of Afreximbank’s enterprise risk management framework by external auditors, with zero non-conformities. This achievement places the pan-African multilateral financial institution alongside leading global development banks and financial institutions that have attained this prestigious standard.

ISO 31000:2018, developed by the International Organisation for Standardisation, represents the gold standard in risk management practices globally. It provides comprehensive principles and guidelines covering risk management design, governance, implementation, evaluation, and integration across organisations. The registration validates that Afreximbank’s risk management framework meets international best practices while addressing the unique complexities of operating across 54 African member states and the Caribbean Community (CARICOM).

Commenting on the registration, Dr Elias Kagumya, Group Managing Director, Risk Management & Chief Risk Officer at Afreximbank said, “Attaining ISO 31000:2018 registration is not just about global recognition; it represents years of deliberate investment in building institutional capacity and embedding a proactive risk culture throughout our organization. As a treaty-based institution with a USD45 billion balance sheet supporting African trade across diverse markets, we recognize that effective risk management is fundamental to delivering our mandate. This feat assures our stakeholders – member states, commercial banks, investors, and the businesses we serve – that we operate with the same risk maturity as the world’s leading financial institutions. Our Risk Management Framework further provides a bank-wide approach to managing risks and protecting the Bank’s goals. By carefully identifying, understanding, and monitoring risks across all areas of its operations, from business strategy to environmental and mandate-related issues, the framework ensures that key programmes, platforms, and financial tools are managed in a stable and well-controlled manner.”

The accreditation aligns with Afreximbank’s Strategic Plan VI priorities – Building a Mature Risk Management Framework – and reflects the Bank’s commitment to continuous improvement in governance, transparency, and operational standards. In 2025, Afreximbank launched a comprehensive benchmarking project of its Enterprise Risk Management (ERM) framework against ISO 31000:2018, working with CPG as the independent accreditation body.

The achievement delivers tangible benefits across Afreximbank’s operations. The ISO 31000:2018 framework strengthens stakeholder confidence by demonstrating the maturity of the Bank’s risk management systems and its commitment to continuous improvement. It enhances entity-wide risk culture by promoting proactive risk identification and mitigation across the Bank’s complex operating environment. The ISO 31000 standard also provides structured guidance for integrating risk considerations into strategy formulation, financial planning, initiatives management, and supporting informed decision-making.

Furthermore, the standard creates efficiency gains through the adoption of formal guidelines for monitoring, reviewing, and improving risk management practices, including enhanced tools for reporting and communicating risks bank-wide. It strengthens the Bank’s overall control environment by validating the effective implementation of sound risk management practices and tools.

Also commenting, Certification Partner Global (CPG), the global accreditation body which issued the certification stated, “Afreximbank’s Risk Management Framework represents a comprehensive and sophisticated approach to enterprise-wide risk governance. The Bank has demonstrated exceptional capability in identifying, assessing, treating, and monitoring risks across its diverse strategic programmes, platforms, and core instruments through a well-structured Risk Universe that addresses nine critical risk categories; from Strategy and Business Risk to Mandate Risk. This framework’s alignment with international best practices, as evidenced in the Afreximbank’s Enterprise Risk Management Framework (Version 1.1, March 2024), reflects the Bank’s commitment to robust risk governance and positions it as a leader in institutional risk management within the global financial services landscape. We are pleased to certify this framework, which provides a solid foundation for Afreximbank to pursue its strategic objectives while maintaining the highest standards of risk oversight and operational resilience.”

The accreditation comes at a pivotal moment for African trade integration, as Afreximbank continues to play a central role in operationalising the African Continental Free Trade Area (AfCFTA). The Bank’s commitment to robust risk management underpins critical initiatives including the Pan-African Payment and Settlement System (PAPSS), which now connects 19 countries and over 160 commercial banks, and the Africa Trade Gateway (ATG), which is transforming cross-border commerce across the continent.

Afreximbank’s achievement of ISO 31000:2018 registration reinforces its position not only as Africa’s premier trade finance institution but as a globally competitive development bank committed to the highest standards of institutional governance and operational excellence.

Distributed by APO Group on behalf of Afreximbank.

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

Follow us on:
X: https://apo-opa.co/4t0hU7C
Facebook: https://apo-opa.co/3ZsByvj#
LinkedIn: https://apo-opa.co/4sUBRwr
Instagram: https://apo-opa.co/3M2DuHM

About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). 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

eThekwini Municipality calls for arts and culture grant-in-aid applications

Source: Government of South Africa

eThekwini Municipality calls for arts and culture grant-in-aid applications

The eThekwini Municipality’s Recreation and Parks Directorate has invited registered and eligible non-profit organisations (NPOs), non-government organisations (NGOs) and non-profit companies (NPCs) in the performing arts and culture sectors to apply for Grant-In-Aid (GIA) funding for the 2025/26 financial year.

The funding programme, aligned with the municipality’s Integrated Development Plan (IDP), is aimed at providing financial and material support to community-based organisations that promote performing arts and cultural programmes, artist development, social cohesion, and economic opportunities within the eThekwini Municipality.

“Areas of focus include music, dance, theatre (drama), comedy, poetry and cultural development,” the municipality said in a statement.

Applicants must meet several compliance requirements, including the submission of a completed application form, a valid tax clearance certificate, latest annual financial statements, certified copies of registration documents and directors’ identity documents, and a detailed organisational profile and project or business plan.

Organisations are also required to provide proof of physical address, bank account details, registration on both the municipal supplier database and the Central Supplier Database, two recent reference letters from the creative sector, and an affidavit confirming that none of the directors are employed by eThekwini Municipality or any other government department.

Application forms and guideline documents are available on the eThekwini Municipality website at www.durban.gov.za, or can be obtained from the Arts and Living Cultures Office at the Stable Theatre, 115 Johannes Nkosi Street, Greyville.

Documents can also be requested via email at Ngiphiwe.Ndlovu@durban.gov.za or Stable.Admin@durban.gov.za.

Completed applications, together with all supporting documentation, must be submitted electronically to Ngiphiwe.Ndlovu@durban.gov.za, or Stable.Admin@durban.gov.za, or hand delivered to the Stable Theatre offices before the closing date of 15 February 2026. – SAnews.gov.za

 

GabiK

33 views

Employment and Labour moves to bolster worker protection

Source: Government of South Africa

Employment and Labour moves to bolster worker protection

The Department of Employment and Labour has taken decisive steps to strengthen worker protection and close long-standing compliance gaps across key sectors, including security, municipalities and the creative industries. 

In a statement on Thursday, the department said it has officially withdrawn the 2003 Variation Notice that previously excluded the application of Section 34A of the Basic Conditions of Employment Act (BCEA), which governs the payment of employee benefit fund contributions.

The withdrawal restores the authority of labour inspectors to enforce the timely payment of pension, provident fund, retirement and medical aid contributions deducted from employees’ salaries. 

For years, the exemption created what the department described as “a significant enforcement gap”, leaving workers vulnerable to employers who deducted contributions but failed to transfer them to the relevant funds.

“With the exemption now removed, inspectors are empowered to verify whether employers have paid contributions into the correct funds, request proof of payment and contribution schedules, and take enforcement action wherever non‑compliance is detected,” the department said. 

The department said the intervention strengthens workplace-level accountability and provides enhanced protection for workers’ hard-earned benefits, particularly in the security sector and municipalities, where abuse has been widespread.

In a separate but related development, the Minister of Employment and Labour, Nomakhosazana Meth, has published a notice indicating the department’s intention to classify performers and crew members in the film, television, advertising, artistic and cultural sectors as employees.

Many workers in these industries are currently designated as independent contractors, despite operating under conditions similar to permanent employment. The department said the move seeks to extend essential labour protections, including access to sick leave, maternity leave, severance pay, protection under the National Minimum Wage, and coverage through the Compensation for Occupational Injuries and Diseases Act.

The proposal would also ensure compliance with BCEA provisions on working hours, termination procedures and record-keeping, while extending rights related to fixed-term contracts under the Labour Relations Act.

According to the department, the proposed reform responds to “strong stakeholder submissions” and recognises the vulnerability of performers and production staff, who frequently operate without basic labour protections. It confirmed that the process could result in a sectoral determination tailored to the industry’s specific needs.

Stakeholders have 30 days from the date of publication to submit written inputs, while the Minister has requested the National Minimum Wage Commission to investigate wage levels and employment conditions in the sector.

“Together, these regulatory measures mark a clear step forward in advancing decent work in South Africa. They demonstrate a renewed commitment to closing compliance gaps, protecting vulnerable workers, and ensuring that employers across all industries uphold the country’s labour laws.

“The actions reinforce the department’s dedication to promoting fairness in the workplace, supporting a more equitable labour market, ensuring accountability among employers, and safeguarding the rights and dignity of all workers,” the department said. – SAnews.gov.za

DikelediM

94 views

NSFAS approves funding for over 626 000 first-time applicants

Source: Government of South Africa

NSFAS approves funding for over 626 000 first-time applicants

The National Student Financial Aid Scheme (NSFAS) has approved funding for 626 935 first-time applicants, while 427 144 continuing university students have met the progression criteria for support.

Briefing the media on the state of the Post-School Education and Training (PSET) sector and readiness for the 2026 academic year on Thursday, Higher Education and Training Minister Buti Manamela said NSFAS remains critical in enabling access to higher education for poor and working-class students.

However, he noted that sustained improvements in basic education, combined with broader economic constraints, continue to place pressure on the funding model.

“Short-term stabilisation measures are in place, while a medium-term sustainable funding reform is being developed. The missing-middle fund continues to scale,” Manamela said.

The Minister also acknowledged the critical role of Sector Education and Training Authorities (SETAs) in expanding access to funding, particularly for students who do not qualify for NSFAS.

He said that during the 2025/26 funding cycle, SETAs are supporting more than 15 000 new bursary beneficiaries and nearly 8 000 continuing beneficiaries, with a combined value of close to R2 billion.

“This diversification of funding sources reduces over-reliance on NSFAS and strengthens system resilience,” he said.

Bachelor’s pass does not guarantee university admission 

Manamela used the briefing to address what he described as a persistent misunderstanding regarding university admissions for learners who obtain a Bachelor’s pass in the National Senior Certificate (NSC) exam.

He said that while 46.4% of candidates achieved a Bachelor’s pass in the 2025 NSC examinations, this often creates unrealistic expectations among learners and their families.

“A Bachelor’s pass does not guarantee admission to a university or to a specific programme. Universities apply faculty and programme specific requirements, including subject combinations, minimum symbols, and selection processes where demand exceeds capacity.

“Where learners and families experience disappointment, it is often not because of failure, but because of misaligned expectations. Our responsibility is to ensure that learners understand, early and clearly, the full range of credible post-school pathways, not only the most visible ones,” the Minister said.

A total of 28.1% candidates achieved a Diploma pass, while 13.5% obtained a Higher Certificate pass in the 2025 NSC examinations.

Manamela noted that with more than 40% of learners not achieving a Bachelor’s pass, the post-school system must be clearly differentiated, well-articulated and effectively communicated.

While welcoming the sharp increase in matric pass rates, the Minister said the outcome has placed significant pressure on the PSET system.

“The Post-School Education and Training System (PSET) currently has approximately 535 000 funded and planned spaces across universities, Technical Vocational Education and Training (TVET) colleges, Community Education and Training (CET) colleges, skills programmes, and workplace-based learning. This gap between success and capacity is real, structural, and longstanding,” Manamela said.

Manamela rejected claims that the post-school system is in crisis, saying it is undergoing deliberate reform.

“It is under pressure, but it is being deliberately reshaped. Education, training, and skills development in all their forms carry equal dignity and social value. Multiple pathways are not a compromise, they are a strength.

“Not every learner will secure immediate placement in their first choice but every learner must be able to find a credible, supported pathway into learning, skills development, and productive participation in society. That is the task we have set ourselves and that is the work we will continue to do,” the Minister said.

Second chance and community education

Manamela said Community Education and Training colleges remain central to inclusive access and are fully prepared for the 2026 academic year.

He said the colleges will accommodate youth and adults seeking the Amended Senior Certificate, participation in the National Senior Certificate Second Chance Programme, as well as occupational and skills programmes.

“The academic year commenced on 12 January 2026, with registrations for annual programmes closing on 27 February 2026, while short skills programmes remain open throughout the year,” Manamela said. – SAnews.gov.za
 

GabiK

16 views

Employment and Labour moves to close compliance gaps, expand worker protections

Source: Government of South Africa

Employment and Labour moves to close compliance gaps, expand worker protections

The Department of Employment and Labour has taken decisive steps to strengthen worker protections and close long-standing compliance gaps across key sectors, including security, municipalities and the creative industries. 

In a statement on Thursday, the department said it has officially withdrawn the 2003 Variation Notice that previously excluded the application of Section 34A of the Basic Conditions of Employment Act (BCEA), which governs the payment of employee benefit fund contributions.

The withdrawal restores the authority of labour inspectors to enforce the timely payment of pension, provident fund, retirement and medical aid contributions deducted from employees’ salaries. 

For years, the exemption created what the department described as “a significant enforcement gap”, leaving workers vulnerable to employers who deducted contributions but failed to transfer them to the relevant funds.

“With the exemption now removed, inspectors are empowered to verify whether employers have paid contributions into the correct funds, request proof of payment and contribution schedules, and take enforcement action wherever non‑compliance is detected,” the department said. 

The department said the intervention strengthens workplace-level accountability and provides enhanced protection for workers’ hard-earned benefits, particularly in the security sector and municipalities, where abuse has been widespread.

In a separate but related development, the Minister of Employment and Labour, Nomakhosazana Meth, has published a notice indicating the department’s intention to classify performers and crew members in the film, television, advertising, artistic and cultural sectors as employees.

Many workers in these industries are currently designated as independent contractors, despite operating under conditions similar to permanent employment. The department said the move seeks to extend essential labour protections, including access to sick leave, maternity leave, severance pay, protection under the National Minimum Wage, and coverage through the Compensation for Occupational Injuries and Diseases Act.

The proposal would also ensure compliance with BCEA provisions on working hours, termination procedures and record-keeping, while extending rights related to fixed-term contracts under the Labour Relations Act.

According to the department, the proposed reform responds to “strong stakeholder submissions” and recognises the vulnerability of performers and production staff, who frequently operate without basic labour protections. It confirmed that the process could result in a sectoral determination tailored to the industry’s specific needs.

Stakeholders have 30 days from the date of publication to submit written inputs, while the Minister has requested the National Minimum Wage Commission to investigate wage levels and employment conditions in the sector.

“Together, these regulatory measures mark a clear step forward in advancing decent work in South Africa. They demonstrate a renewed commitment to closing compliance gaps, protecting vulnerable workers, and ensuring that employers across all industries uphold the country’s labour laws.

“The actions reinforce the department’s dedication to promoting fairness in the workplace, supporting a more equitable labour market, ensuring accountability among employers, and safeguarding the rights and dignity of all workers,” the department said. – SAnews.gov.za

DikelediM

47 views

Afreximbank announces termination of its credit rating relationship with Fitch

Source: APO

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has today officially terminated its credit rating relationship with Fitch Ratings.

This decision follows a review of the relationship, and its firm belief that the credit rating exercise no longer reflects a good understanding of the Bank’s Establishment Agreement, its mission and its mandate.

Afreximbank’s business profile remains robust, underpinned by strong shareholder relationships and the legal protections embedded in its Establishment Agreement, signed and ratified by its member states.

Distributed by APO Group on behalf of Afreximbank.

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

Follow us on: 
X: https://apo-opa.co/4qN3Uwc
Facebook: https://apo-opa.co/45q7TGy
LinkedIn: https://apo-opa.co/3ZoZ2Bw
Instagram: https://apo-opa.co/4ruaNmr

About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), and Japan Credit Rating Agency (JCR) (A-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

Media files

.

Chief Executive Officer – Infrastructure Origination and Collaboration Platform | Africa

Source: APO

African Collaborations Group (ACG)

Remote (Africa / Europe base) | Significant travel
Start: Q1 2026

Download document: https://apo-opa.co/4bN4ntK

African Collaborations Group (ACG) (https://ACGAfrica.com) is appointing a Chief Executive Officer to lead a newly mandated infrastructure origination and collaboration platform in Africa.

ACG holds an Exclusive Mandate from a major African country to originate, structure, and take to bankability a flagship sport and entertainment district. This initiative will move from concept through feasibility, structuring, and financial close, laying the foundation for a scalable continental platform.

This is a platform-building CEO role, not an advisory or delivery position.

The opportunity

You will lead the origination of the first landmark project while building the systems, partnerships, and commercial models to scale future developments across Africa.

You will:

  • Establish ACG as a leading infrastructure origination and collaboration platform in Africa
  • Lead a flagship infrastructure origination project from concept to bankability and financial close
  • Structure complex transactions in partnership with governments, Development Finance Institutions (DFIs), and private capital
  • Shape commercial strategy, SPV structuring, and investor engagement
  • Build and lead a lean, high-impact core team and global consortium

You bring:

  • Senior leadership experience across early-stage infrastructure development, PPPs, sovereign or development finance environments
  • A strong track record in originating and structuring complex projects in Africa or comparable emerging markets
  • Commercial judgment, political fluency, and comfort operating in a high-autonomy, high-accountability setting
  • Demonstrable and proven experience in building out platforms from concept to implementation
  • An entrepreneurial mindset with an appetite for value creation and long-term upside
  • Experience in the sport and entertainment industry is advantageous but not essential

We offer:

  • High upside participation model aligned with project success
  • A focused fixed remuneration component
  • Direct access to governments, Development Finance Institutions (DFIs), and global capital networks
  • The opportunity to build and lead a platform with long-term continental impact

All applications will be treated with strict confidentiality.

More information: https://ACGAfrica.com   

APPLY HEREhttps://apo-opa.co/4sTFmTZ

Distributed by APO Group on behalf of African Collaborations Group (ACG).

Media files

.

Seychelles reaffirms commitment to Secretary of the South African Development Community (SADC) regional integration

Source: APO


.

The Minister for Foreign Affairs and the Diaspora, Mr. Barry Faure, received the Executive Secretary of the South African Development Community (SADC), H.E. Mr. Elias Magosi at Maison Quéau de Quinssy on Thursday, 22 January 2026.

During their meeting, Mr. Magosi explained that it was customary for the Executive Secretary to pay a courtesy call on the President and Foreign Minister of a SADC Member State with each change of administration to outline the programme and strategic priorities of SADC.

Minister Faure expressed his appreciation to Mr. Magosi and the SADC Secretariat for deploying an electoral observation mission during the National Assembly and Presidential elections held from end-September to mid-October 2025.

Discussions further focused on regional economic integration. Mr. Magosi underscored the importance of strengthening intra-SADC trade, noting that increased imports and exports among Member States would yield long-term economic benefits. He also highlighted the need for effective implementation of the Regional Indicative Strategic Development Plan (RISDP), enhanced consultation with the private sector and sustained investment in infrastructure development as key drivers of regional growth.

Minister Faure stressed the importance of greater ownership and burden-sharing among regional states in addressing maritime crimes. He underscored that the accelerated development of the SADC Maritime Corridor Strategy is critical for Seychelles and the region, as it directly supports regional economic integration.

Minister Faure also emphasised on the importance of the Multidimensional Vulnerability Index (MVI), noting that its effective integration into the frameworks of international development organisations and international financial institutions remains essential. In this context, he called for SADC’s support in advocating for the MVI at the regional level.

Both parties reiterated their appreciation for the strong cooperation between Seychelles and the SADC Secretariat and reaffirmed their commitment to further strengthening this partnership in support of regional integration and shared prosperity within the SADC region.

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