SA exits FATF Greylist after successful reform efforts

Source: Government of South Africa

South Africa has officially exited the Financial Action Task Force (FATF) greylist after successfully implementing key reforms to combat money laundering and the financing of terrorism.

The decision to delist South Africa was taken at the conclusion of meetings of the FATF Plenary that took place over 22-24 October 2025 in Paris, France.

After South Africa was listed on the FATF greylist in February 2023, government worked tirelessly to address all the deficiencies that were identified by the FATF and which were reflected in the 22 Action Items in the Action Plan agreed between South Africa and the FATF.

The FATF is an intergovernmental organisation and finance watchdog that was established to combat money laundering, terrorist and proliferation financing, as well as other threats to the integrity of the international financial system. 

It sets global standards for anti-money laundering and counter-terrorism financing, promotes the effective implementation of these standards, and conducts mutual evaluations of member countries to assess their compliance with the FATF Recommendations.

“Over the past 32 months, South Africa has engaged with a team of reviewers assigned by the FATF to assess progress against the Action Plan. This culminated in an on-site visit at the end of July 2025, when the assessors came to the country to confirm the sustainability of the reforms that had been reported to them,” National Treasury said on Friday.

This concluded with a meeting with Deputy Minister of Finance, Dr David Masondo, and Deputy Minister of Justice and Constitutional Development, Andries Nel, who assured the FATF of the South African Government’s political commitment to continue to sustainably improving the country’s Anti-Money Laundering and the Combating the Financing of Terrorism (AML/CFT) system.

“South Africa’s progress in addressing the AML/CFT deficiencies and exiting the FATF greylist represents a major policy and institutional achievement for the people of South Africa, particularly following the weakening of key law enforcement and other institutions during the state capture era. 

“However, while exiting the greylist is an important milestone and a demonstration of South Africa’s commitment to rebuilding the rule of law, it is only start of a broader process to continue to strengthen key institutions, improve enforcement and governance processes, and ensure that such improvements are sustainable and that our systems become increasingly effective in combating money laundering, terrorism financing and proliferation financing. 

“Neither government agencies nor regulated entities in the private sector can afford to become complacent and stop improving. Instead, through public-private collaboration, they must continue to strengthen the AML/CFT system,” National Treasury emphasised.

The FATF requires countries that have exited the greylist to demonstrate continued commitment through measurable outcomes, including successful investigations, prosecutions, and sanctions as they relate to AML/CFT.

These actions will form the basis of the next FATF Mutual Evaluation for South Africa, which is expected to commence in the first half of 2026 and conclude in October 2027.

“To prevent being placed back on the greylist, it is important that systems of monitoring and enforcement work more efficiently and effectively, and that there are no gaps, by the time of the Mutual Evaluation. Preparations, in this regard, have already begun and we remain confident that South Africa will be able to sustain the progress made,” National Treasury said.

The department has congratulated Nigeria, Mozambique and Burkina Faso, which were also delisted from the FATF greylist this week. SAnews.gov.za

Qatar Reaffirms Its Firm Commitment to UN Charter

Source: Government of Qatar

New York, October 25, 2025

The State of Qatar has renewed its unwavering commitment to the Charter of the United Nations, affirming its continued support for the international organization, the strengthening of its partnerships, and its backing of reform efforts aimed at enhancing the UN’s effectiveness and responsiveness to global challenges.

This came in the statement delivered by HE Permanent Representative of the State of Qatar to the United Nations Sheikha Alya Ahmed bin Saif Al-Thani, during the Open Debate of the Security Council on “The United Nations Organization: Looking into the Future,” held at the UN Headquarters in New York.

Her Excellency noted that over the past eighty years, the United Nations has served as an indispensable global platform for promoting multilateralism and realizing the purposes of the Charter. It has achieved notable successes in preventing and containing numerous conflicts around the world, reflecting the organization’s critical role in maintaining international peace and security.

She emphasized that the State of Qatar has remained a strategic partner committed to the Charter and objectives of the United Nations, highlighting its leading role in mediation efforts, peaceful conflict resolution, and de-escalation in various regions across the globe.

Her Excellency outlined Qatar’s recent achievements, notably its successful mediation, alongside the Arab Republic of Egypt, the Republic of Turkiye, and the United States of America, which led to a ceasefire agreement and the end of the war in Gaza, signed on the 13th of this month. This agreement was the result of two years of tireless efforts aimed at halting bloodshed, ending humanitarian suffering, and securing the release of prisoners and hostages.

She added that Qatar continues its efforts in mediation and de-escalation, pointing to its hosting earlier this month of delegations from the Government of the Islamic Republic of Pakistan and the caretaker government of Afghanistan, as part of its initiative to facilitate dialogue and promote stability between the two countries, in cooperation with the Republic of Turkiye.

Her Excellency also highlighted Qatar’s outreach to the African continent, noting that in March, it hosted a dialogue between the Republic of Rwanda and the Democratic Republic of the Congo. These efforts culminated in the signing of a mechanism for monitoring and verifying the ceasefire in the Democratic Republic of the Congo on October 14, in accordance with the “Doha Declaration of Principles” signed in July 2025. She expressed gratitude to the United States for its fruitful partnership in this regard.

Her Excellency stressed Qatar’s call for a comprehensive review of the United Nations system, focusing on modernizing working methods and ensuring the implementation of Security Council and General Assembly resolutions in a way that guarantees accountability and avoids selectivity.

She underscored the need for tangible measures to address the crisis of trust by reviving the spirit of dialogue, strengthening cooperation and unity within the organization, and ensuring pluralism and inclusivity in global governance, with greater roles for developing and small states in decision-making processes.

Her Excellency also emphasized the urgency of accelerating UN reform efforts and supporting the implementation of the “UN 80” initiative across its three tracks, commending the proposals outlined in the Secretary-General’s report titled “A Breakthrough for People and Planet: Effective and Inclusive Global Governance for Today and the Future”.

Her Excellency concluded by affirming the importance of the new peace agenda, which focuses on investing in prevention, addressing root causes of conflict, building sustainable peace, and enhancing mediation, stressing that the success of this vision requires effective structures and strong political will to improve coordination within the organization.

Qatar Joins UN Convention against Cybercrime

Source: Government of Qatar

Hanoi, October 25, 2025

The State of Qatar signed the United Nations Convention against Cybercrime during an official ceremony held today in Hanoi, Vietnam, with broad international participation.

The Convention was signed on behalf of the State of Qatar by HE Minister of State for International Cooperation Dr. Maryam bint Ali bin Nasser Al Misnad.

In a speech during the ceremony, HE the Minister of State for International Cooperation said that the adoption of the UN Convention against Cybercrime represents an important turning point in the international system and reflects a collective will to protect the security of peoples in the digital space, noting that cybersecurity is no longer merely a technical issue, but has become a pillar of international peace and security.

Her Excellency further said that the State of Qatar was among the first to support the development of a comprehensive agreement based on international cooperation, protecting infrastructure, and strengthening national capacities, especially in developing countries. She noted that the agreement fills a gap in the international legal system and enables countries to work together to confront cyber threats that affect human security and the stability of societies.

Combating cybercrime is an act of peace, Her Excellency said, noting that protecting the digital space contributes to preventing conflicts, building trust, and supporting dialogue between countries.

From this standpoint, she added, the State of Qatar’s commitment to cybersecurity aligns with its established role in mediation, building bridges, and promoting peaceful solutions. Just as Qatar works to resolve conflicts in the real world, it also strives to prevent conflicts in the digital realm, believing that true peace encompasses all dimensions of human life.

Her Excellency noted the establishment of the UN Regional Centre for Combating Cybercrime in Doha, which will contribute to capacity building and strengthening international cooperation, particularly in serving developing countries, in preparation for the implementation of this Convention.

Her Excellency affirmed the State of Qatar’s commitment to being a reliable international partner in building peace and protecting security, in both the real and digital worlds, out of its conviction that protecting human beings and preserving their dignity is the essence of all security and peace.

The Convention iis the first UN criminal justice treaty adopted in more than 20 years, and the first global treaty on cybercrime and the exchange of electronic evidence related to serious crimes.

African Development Bank Group receives $14 million in first funding allocation under Global Agriculture and Food Security Program’s new private sector financing window

Source: APO

The Global Agriculture and Food Security Program (GAFSP) has announced the first allocation from its new private sector financing window to the African Development Bank Group (www.AfDB.org), providing $14 million in de-risking capital that aims to unlock $200 million from the private sector to enhance food security in low-income countries.

GAFSP provides financial and technical resources—including grants, blended concessional finance, technical assistance, and advisory services—in the world’s poorest countries to support projects across the agriculture value chain.

The new window, the Business Investment Financing Track, was launched in 2024 as GAFSP’s second-generation private sector financing window. It blends the program’s grants and concessional finance with financing from multilateral development banks to catalyze private sector financing for smallholder farmers, producer groups, agribusinesses, and start-ups.

This first allocation from the track will go towards the establishment of an Agro-Inputs Risk Sharing Facility — a $200 million fund to be hosted by the Bank, with a $10 million tranche of derisking capital. An additional $4 million in grant resources will support technical assistance designed to catalyse up to $200 million in private-sector lending for small- and medium-sized agricultural companies in Ethiopia, Uganda, Tanzania, Malawi, and Zambia. The Agro-Inputs Risk Sharing Facility will work to incentivise local banks to extend credit to agro input suppliers

Smallholder farmers and early-stage agrifood businesses in fragile and low-income countries struggle to access credit, insurance, and investment capital due to perceived high risks, constraining their ability to meet rising food demand.

The Agro-Inputs Risk Sharing Facility, to be implemented by the African Trade & Investment Development Insurance — a pan-African institution providing political risk and credit insurance to investors — will address this gap by providing guarantees to financial institutions, a risk-sharing move to encourage commercial banks to lend to these underserved agribusinesses.

“This first allocation demonstrates the appetite for funders to work together in this new model to solve an age-old challenge of finance for smallholder farmers: risk,” said Natasha Hayward, Program Manager for the Global Agriculture and Food Security Program.

“By blending GAFSP donor funds with multilateral development and commercial finance, every Program dollar will leverage many more in private investment, multiplying the positive impact on food security and resilience to rising temperatures and unpredictable weather patterns.”

The financing will help expand access to certified seeds, organic fertilizers, soil enhancers, mechanisation, and other inputs that help agribusinesses to withstand extreme and prolonged heat, water scarcity and other impacts of extreme climates. More than 1.5 million smallholder farmers and 500 agro-dealers and cooperatives are expected to benefit.

“By targeting agro-input dealers and smallholder farmers, this facility intends to strengthen the entire value chain, from input supply to market access, building food systems able to withstand market shocks, including and especially environmental pressures. With the establishment of the Agro-inputs Risk Sharing Facility, we are planting the seeds of a more food-secure Africa,” said Philip Boahen, African Development Bank Coordinator of the GAFSP.

This debut allocation aligns with broad-based African commitments to transform food systems, including the Comprehensive Africa Agriculture Development Programme (https://apo-opa.co/4o51UOB) and the Kampala Declaration on Accelerating the Implementation of Africa’s Food Systems Transformation.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Media Contact:
Desiree Bataba
Communication and External Relations
media@afdb.org

Media files

.

GNU a government at work

Source: Government of South Africa

By Neo Bodumela

Kuala Lumpur, Malaysia – The Government of National Unity (GNU) is committed to fostering economic growth, tackling unemployment and poverty and dealing with corruption in South Africa.

This according to President Cyril Ramaphosa who participated in a fireside discussion at the Association of Southeast Asian Nations (ASEAN) Business and Investment Summit held in Kuala Lumpur, Malaysia.

The President said South Africa’s democratic election processes in 2024 resulted in the formation of the GNU – adding that the GNU is “working extremely well”, despite coming from differing political homes.

“As the [GNU] we identified three priorities that we wanted to work on. The first one is to engender economic growth and to create jobs. With 32% unemployed people in our country, we are having a serious challenge. So, we felt…to engender economic growth and to create jobs as the first priority. 

“Our second priority was to address poverty. Poverty is still rife in our country, and it really emanates from our…colonial past and our apartheid past which in many ways engineered that there should be continued poverty, and we felt as the [GNU] that we should address this in a pointed way and to reduce the cost of living.

“The third priority we identified was to create and ensure that we have a capable, ethical and developmental state. We are trying to enforce that and enhance that in the various levels of our government,” President Ramaphosa said.

Pressing further, the President explained that government has embarked on a reform agenda in various areas to set the tone for economic growth.

“More broadly…we’ve embarked on a number of initiatives and interventions that are seeking to reposition the economy of our country as we reform our logistics, our ports, our roads [and] our electricity.

“We are also focusing on infrastructure build. We are now…investing well over a trillion Rand…in infrastructure. We are also focusing on improving local government where our people live and where investments live. The reforms that we are instituting are paying great dividends,” he said.

Combatting and rooting our corruption is also receiving intense focus from government.

“Corruption is rife not only in government but also in the private sector and we are dealing with that criminality and enforcing the rule of law.

“So, all the important indicators are being put in place, and they are being well aligned and addressed,” President Ramaphosa said. – SAnews.gov.za

President Ramaphosa showcases South Africa as prime investment destination

Source: Government of South Africa

By Neo Bodumela

Kuala Lumpur, Malaysia – President Cyril Ramaphosa has reaffirmed South Africa as a suitable investment destination – underscoring government’s continued efforts to cut red tape and ongoing structural reforms as tangible efforts to fostering a more business-friendly climate.

The President participated in a fireside discussion at the Association of Southeast Asian Nations (ASEAN) Business and Investment Summit held in Kuala Lumpur, Malaysia, on Saturday.

The business and investment summit was held on the sidelines of the ASEAN Summit and the East Asian Summit.

“We’ve found a number of countries and companies being very interested in investing in South Africa because we are, without any doubt, the gateway into Africa.

“We are the most industrialised country on the African continent, the largest economy, and we’ve got one of the best financial systems. So, we’ve got very key elements in place to make South Africa even more successful than what it is,” President Ramaphosa asserted.

Reforms to improve business climate

He highlighted some of the concrete steps South Africa is taking to create a conducive climate for investment.

“We’re getting rid of bureaucracy on an ongoing basis and dealing with our visa process so that those who want to come to South Africa to bring their talent, can come with greater ease. 

“We are also ensuring that our education levels keep rising so that those who want to invest can have skilled workers.

“Our State-Owned Enterprises are…being reformed so we are on a good path going forward and rebuilding South Africa and delivering a South Africa that many countries can deal with,” President Ramaphosa said.

Furthermore, the President pointed to the key growth areas for investment in South Africa and emphasised the country’s strong industrialisation drive.

“What we want to do is industrialise further. To build strong firms or companies in South Africa that can contribute to increasing investments. We want to ensure that we continue being good partners.

“But we also want to ensure that we learn from what other countries have to offer, particularly when it comes to technological development, renewable energy and when it comes to new industries, such as artificial intelligence, electric vehicles and various modernised ways of doing things.

“We are a very good destination for investments. We have a strong rule of law and any country that invests in our country would be able to do extremely well,” President Ramaphosa emphasised.

Mutual cooperation

Turning to the ASEAN bloc itself, President Ramaphosa highlighted the mutual benefits of the trade and knowledge-sharing relationship that the bloc and South Africa can build upon.

“ASEAN countries have developed in spectacular ways in a number of areas [including] technology, infrastructure and in modernising their economies. We want to learn from that, and we want to share our own practise as a developing country with many countries in this part of the world, as in the developing country mold.

“We believe that we can learn in terms of value addition to goods. You are very strong, as countries in this part of the world, with adding value to the various materials that you have. You are very strong in manufacturing and technological transformation. We want to learn from that, and we want to share.

“We also have some strengths as South Africa with the minerals that we have, with the food production that we have in our country. There’s a lot that we can share together with you,” President Ramaphosa said.

Concluding his remarks, President Ramaphosa reiterated that government is putting in every effort, focused on the goal to “enable South Africa to be an investable market – a market that companies can invest in and where their investments can also be safe”. – SAnews.gov.za

Taking down malaria’s bodyguards: scientists target parasite’s secret defence system

Source: The Conversation – Africa – By Tawanda Zininga, Lecturer and Researcher, Stellenbosch University

Malaria remains one of the world’s most devastating infectious diseases, claiming more than half a million lives each year. In Africa, the illness is mostly caused by a parasite carried by mosquitoes – Plasmodium falciparum.

When the parasite invades the human body, it faces a hostile environment: soaring fevers, attacks from the body’s immune system, and the stress of antimalarial medicines. Yet it can survive, thanks to an internal defence system made up of “helper” molecules known as heat shock proteins.

Among these, a powerful group called small heat shock proteins act as the parasite’s last line of defence. These molecules behave like tiny bodyguards, protecting other proteins inside the parasite from damage when conditions become extreme. They are the parasite’s emergency rescue team when energy reserves are dangerously low, such as during high fever or exposure to drugs.

In my biochemistry laboratory, we’re looking for ways to disrupt these bodyguards.

Master’s student Francisca Magum Timothy and I are using advanced protein-chemistry tools to examine three small heat shock proteins found in the parasite. These share a common core structure but behave differently.

We’ve found that they can be chemically disrupted. This marks an exciting direction for malaria research. Instead of directly killing the parasite, the approach focuses on disarming its defences, allowing other treatments or the body’s immune system to finish the job.

The next steps involve finding small, drug-like molecules that can specifically target and disable these parasite proteins without harming human cells. This will require advanced computer modelling, laboratory testing and eventually, studies in animal models to make sure the approach is both effective and safe. If successful, this could lead to a new class of antimalarial drugs that work in a completely different way from current treatments. This is an especially important goal as resistance to existing medicines continues to grow.


Read more: Malaria scorecard: battles have been won and advances made, but the war isn’t over


From early laboratory work to developing a drug that could be tested in people will likely take around eight to 10 years, depending on how the candidates perform in each research stage. Still, the discovery of these heat shock protein targets represents a big step forward and offers real hope for more effective, long-lasting malaria control in the future.

Unpacking the mysteries of three proteins

We found clear differences between the three proteins we tested in the laboratory.

One was the strongest and most stable of the trio, the other was more flexible but less stable, and one was the weakest protector.

When tested in stress conditions, all three acted as “molecular sponges”, preventing other proteins from clumping together. That’s a crucial step for the parasite’s survival during fever. But their protective strength varied: one offered the most consistent defence, while the other lost structure more easily.

These findings suggest that the parasite may rely on a team effort among the three, each taking on a slightly different role during stress.

So we asked: could natural compounds found in plants disrupt these bodyguards? Our team focused on quercetin, a plant-based flavonoid. Flavonoids are among the compounds that give plants their bright colours, like red in apples, purple in berries, or yellow in lemons. They help protect plants from sunlight, pests and disease. These are abundant in apples, onions and berries. Quercetin is already known for its antioxidant and anti-inflammatory properties. Some studies have already hinted that it might slow down malaria parasites.

When we exposed the parasite proteins to quercetin, we observed remarkable effects. The compound destabilised the small heat shock proteins, altering their shape and reducing their ability to protect other proteins. In simple terms, quercetin appeared to confuse or weaken the parasite’s bodyguards.

Further tests confirmed that quercetin also slowed the growth of malaria parasites in laboratory cultures. When malaria parasites were grown in controlled laboratory conditions and exposed to quercetin, they multiplied more slowly than usual, including strains that are resistant to standard drugs. This is encouraging because it suggests that quercetin itself, or new medicines made to work like it but even more strongly, could become the starting point for developing a new type of antimalarial drug in the future.

Moreover, small heat shock proteins kick in when the parasite’s energy supply, known as ATP, the cell’s main “fuel”, runs very low. In simple terms, when the parasite is close to running out of energy and facing danger, these proteins act as its last line of defence.

Next steps

Our findings point to the possibility of drugs being designed that shut down these ATP-independent helpers and strike the parasite precisely when it is weakest.

Although quercetin itself is a natural compound found in many foods, its potency and stability are not yet strong enough for clinical use. The team envisions chemical modification of quercetin’s structure to create derivatives with enhanced activity and better drug-like properties.

As global efforts to eliminate malaria face growing challenges from drug resistance, innovations like this provide renewed hope. By turning the parasite’s own survival machinery against it, scientists may have found a subtle but powerful way to outsmart one of humanity’s oldest foes.

– Taking down malaria’s bodyguards: scientists target parasite’s secret defence system
– https://theconversation.com/taking-down-malarias-bodyguards-scientists-target-parasites-secret-defence-system-267029

Ghana’s banks are not lending enough to sectors where it matters most, like agriculture and manufacturing

Source: The Conversation – Africa – By Abotebuno Akolgo, Postdoctoral Fellow, Bard College Berlin; Bayreuth University

Bank lending is a major source of funding for businesses in Ghana. It helps pay for operational expenditure and investment in expansion of productive capacity. Therefore, it is important that there is substantial, affordable, and accessible financial credit for all businesses in the medium to long term. More than this, it matters which sectors of the country’s economy receive most of its bank credit.

In a recent study of the sectoral distribution of bank lending in Ghana, I found that for two and a half decades, bank lending to the agricultural and manufacturing enterprises has been in sharp decline.

In the 25 years from 1999 to 2023, the share of total bank credit that went to the agricultural and manufacturing sector fell by about 65% and 56% respectively. For instance, in 1999, about 25% of total bank lending went to manufacturing businesses. By 2023 however, that figure had fallen to about 11%.

I am an economist with expertise in the political economy of money, finance, and development in Africa. My research on Ghana has attempted to explain the financial constraints to the country’s economic transformation since independence in 1957. I have previously written on Ghana’s sovereign indebtedness and its banking and monetary policies.

The findings in the current study matter because in Ghana, agriculture and manufacturing are crucial to creating substantial, sustainable, and shared economic growth. Agriculture is the second largest employer in Ghana’s economy after the services sector. It is also crucial for creating the raw materials that can fuel manufacturing sector growth.

The role of banks & finance in economic development

There is no single perspective among economists on how banks operate or should operate in an economy. There are those economists within neoclassical economics circles who hold the conventional, largely discredited view that banks act merely as intermediaries who take money from savers and lend to borrowers.

In contrast, there are those, particularly post-Keynesian economists, who assert, rightly, that modern banks do not merely receive deposits and turn them into loans. They insist that banks create credit for borrowers but not necessarily from savers’ deposits.

Still, most economists agree on some things. First of all, that finance is crucial to economic development. Secondly, that the banking system has a role in the flow of finance to individuals, households and businesses.

Not all forms of financial flows are healthy for economic transformation, however. The key then for successful financial policy is to distinguish between productive and unproductive credit.

Productive credit flows support the entrepreneurial innovation that is central to creating new products or expanding production levels. This kind of credit will for instance support agricultural production and expand manufacturing capacity and outputs.

Unproductive credit does not increase the level of output. For instance, lending to support household consumption or financial speculation is unproductive.

The Ghanaian banking system does not generate enough credit for the private sector. However, that was hardly the concern for this study. Of particular interest is the question: where does the credit go to?

Bank credit to agriculture and manufacturing has declined

My study set out to disaggregate the data on financial credit to the various sectors of the Ghanaian economy. These sectors included agriculture, manufacturing and services. The evidence shows that bank lending has not significantly supported real productive sectors such as agriculture and manufacturing.

Isaac Akolgo
Isaac Akolgo

As indicated in Figures 1 and 2, the shares of financial credit to the agricultural and manufacturing have been in decline. On average, over the last 25 years, 14.6% and 5.8% of total bank credit was allocated to manufacturing and agriculture respectively. In contrast, the services sector averaged 20.7% of bank credit. Commerce and finance sector received an average of 17.3% over the same period.

As productive sectors are denied sufficient credit, well-paid and sustainable jobs cannot be created in agriculture or manufacturing as most Ghanaians are reduced to informal petty trading of foreign goods.

Two main reasons have accounted for this dysfunction of the financial system. First, the foreign domination of Ghana’s banking sector, and second the failure of monetary policy. About 50% of banks in Ghana are foreign owned. Foreign banks tend to be more risk averse. They are less likely to lend to small and medium-scale enterprises (SMEs).

Second, the Bank of Ghana’s excessive focus on monetary stability through inflation-targeting is problematic. It often results in raising interest rates and, consequently, borrowing costs. This discourages private sector borrowing while attracting bank investments into government securities. Ghana’s inflation is largely driven by structural factors and not money supply problems. These factors include production and transport costs. Monetary stability through inflation-targeting is therefore a misplaced priority.

Besides, by focusing solely on monetary stability, the central bank is neglecting its role to support the overall development of the economy through credit policy. This developmental role is clearly set out in The Bank of Ghana (Amendment) Act 2016 (Act 918). This revised the 2002 Act to take account of the central bank’s role to support government economic policy and ensure an efficient operation of the banking and credit system.

Before the IMF-led financial reforms of the 1980s and 1990s which were necessitated by the 1980s financial crisis, the Bank of Ghana intervened, effectively and efficiently, to direct credit to priority sectors. For instance, in the early 1980s when the liberal financial reforms had not taken root in Ghana, the Bank of Ghana used a combination of credit ceilings, interest rates, reserve requirements, and mandatory lending ratios to direct credit to agriculture and industry. Credit ceilings ensured that banks could not lend beyond a certain limit to sectors other than agriculture and manufacturing. Lower interest rates were also offered to agricultural loans and in other instances, mandatory lending ratios ensured banks were forced to lend a certain share of loans to agriculture and manufacturing.

Drawing lessons from the present moment and past, I recommend a serious rethink of financial policy. A return to some level of credit policies, a deliberate support for indigenous participation in the banking system and a revitalisation of development banks such as the Agricultural Development Bank and the National Investment Bank.

– Ghana’s banks are not lending enough to sectors where it matters most, like agriculture and manufacturing
– https://theconversation.com/ghanas-banks-are-not-lending-enough-to-sectors-where-it-matters-most-like-agriculture-and-manufacturing-265433

Ethiopian quarter: how migrants have shaped a thriving shopping district in South Africa’s city of gold

Source: The Conversation – Africa – By Tanya Zack, Visiting senior lecturer, University of the Witwatersrand

Since its founding in 1886, Johannesburg, has been a city of migrants, internal and international. But the economic capital of South Africa has undergone big changes since 1994 when South Africa became a democracy. One such change involves migration into the city by people from other African countries.

A new book, The Chaos Precinct: Johannesburg as a port city, by Tanya Zack traces how migrant Ethiopians have shaped a trading post in Johannesburg’s inner city. Zack, a planner who specialises in urban policy, regeneration, informality and sustainable development, explains how the Ethiopians did it.

What space have Ethiopian migrants carved out in the centre of Johannesburg?

The book is set in the shopping centres of the so-called Ethiopian Quarter, in high-rise, formerly commercial buildings in the inner city of Johannesburg. It is a cross-border shopping hub of thousands of cupboard-sized shops crammed into buildings. It defies the categories of formal or informal, of wholesale or retail. And it is where people from all of southern Africa come to shop for fast fashion.

While migrants from several countries trade here, the trading post was pioneered by and remains dominated by Ethiopian and Eritrean migrants. It is an extraordinary shopping district in what were high-rise medical buildings. These office towers centre on Rahima Moosa (previously Jeppe) Street, where medical practitioners and pharmaceutical companies once agglomerated.


Read more: The real Johannesburg: 6 powerful photos from a gritty new book on the city


Buildings that had been underutilised or abandoned became the canvas for an entrepreneurial transformation. Ethiopian migrants led the repurposing of these structures into over 3,000 tiny shops. Shopfronts are linked to storerooms located higher up in the buildings or nearby spaces. This new retail footprint wasn’t known in Johannesburg three decades ago. And the scale of trading has attracted many infrastructure uses that support the transnational movement of goods and people.

It was not supported by formal planning or pension funds, but developed by migrant entrepreneurs, one shop at a time.

They draw on global supply chains, particularly Chinese wholesalers operating in warehouse-style malls west of the inner city, to access a steady stream of fast fashion, cosmetics and household items. Inner-city-based Ethiopian traders then retail these goods in individual or smaller quantities. Their clientele is composed largely of cross-border traders who on-sell the products throughout southern Africa.


Read more: How migrant entrepreneurs are a force for good in South Africa


This model has effectively turned the inner city into an inland port. It’s a logistics hub where goods circulate rapidly, and where shoppers are embedded in an informal yet highly organised distribution network.

The inner-city street grid, first surveyed in 1886 during Johannesburg’s mining camp era, consists of very short blocks, which amplify pedestrian and vehicular congestion. It’s a frenzied shopping environment.

Shopkeepers and stallholders have maximised their display areas through creative lightweight architectures. Small shopfronts are linked to storerooms higher up in buildings or nearby. Sidewalks are lined with street vendors, forming mini corridors.

Internal arcades in the buildings further maximise the retail footprint. This hybrid, vertically integrated structuring has generated a real estate boom in previously underutilised buildings in a flagging property market.

The success of this enclave is also tied to the migrants’ ability to craft both social and commercial networks. Migrant traders and cross-border shoppers have relationships based on trading through information sharing, mutual assistance, and informal credit mechanisms. Traders are necessarily adaptive. They adjust to the pace of demand, shifting product lines quickly. They also coordinate closely with suppliers and resellers throughout Southern Africa. The spaces they use and adapt are similarly flexible.

This combination of adaptive reuse, dense retail specialisation and networked entrepreneurship has allowed Ethiopian migrants to carve out a commercial territory that is at once highly visible and deeply embedded in regional trade flows.

South Africa has been harsh towards informal economic activity. How has this been managed?

The Ethiopian Quarter exists in a context of often-hostile municipal and national governance.

South Africa has historically oscillated between tolerance and repression of informal economic activity, particularly when driven by foreign migrants. Law enforcement campaigns have regularly targeted street traders and migrant shopkeepers. Traders and shoppers alike face the constant threat of violent policing, corruption, theft, and harassment. Uniformed police or wardens regularly confront them, demanding that they prove their migrant status. There’s talk of being detained in vehicles until a bribe is paid.

Ethiopian migrant traders have developed a range of strategies to navigate the challenges of hostility. They co-locate with other Ethiopian traders, and rely on ethnic and commercial networks to absorb shocks and share information about law enforcement activities.

Ethiopian traders have also innovatively adapted their physical and commercial operations to reduce vulnerability. Shops are designed to control stock and display goods while concealing cash and high-value items. The light architectures and arcade designs of Jeppe also make it possible to conceal the shop in the event of raids.


Read more: Johannesburg fire disaster: why eradicating hijacked buildings is not the answer


Shoppers spend as little time as possible inside the crime-ridden Johannesburg CBD. On the day they choose goods, they often carry no money. They return later with cash to purchase goods as swiftly as possible so that cash is not carried unnecessarily. Many hide cash on their bodies.

The infrastructures that have developed to service the port-like functions of this massive cross border trading hub offer storage, package, information exchange and distribution services. Hotels, buses and storage facilities provide relative safety for cross-border shoppers who must navigate a city known for crime. A 2017 survey, funded by the Johannesburg Inner City Partnership, found that over 60% of retailers had experienced physical assault. 38% reported regularly giving police officers something to mitigate harassment.

What lessons do you draw about how cities should govern migration?

The cross-border shopping hub demonstrates that migrant-driven informal economies are engines of economic activity. Estimates based on the 2017 cross border shopping survey showed that shoppers in the Jeppe district alone spent close to US$600 million annually. This was twice the turnover of Sandton City, at that time Africa’s richest mall.


Read more: Johannesburg’s creative hubs are booming: how artists are rejuvenating a failing inner city


The activities of Jeppe mimic international entrepots like Singapore and Hong Kong. They offer information exchange, repackaging and distribution services for goods flowing from China to international destinations. This Johannesburg entrepot has regional significance, distributing goods throughout southern Africa. But it’s under-recognised by municipal authorities.

A law and order approach must at least be coupled with a developmental approach. Cities that aim to govern migration must integrate migrant economic activity rather than suppress it.


Read more: Africa without borders could help the continent prosper – what’s getting in the way


Support through infrastructure improvements and security provision would amplify Jeppe’s economic impact.

This includes recognising the legitimacy of informal trading spaces, investing in basic infrastructure and safety, and developing regulations that protect safety while accommodating new building uses.

Partnership approaches that involve traders’ associations, building managers and community intermediaries to co-manage spaces would be valuable.

What does your work tell us about a city that’s been in decline. And solutions?

The burgeoning economy in Jeppe needs to be recognised alongside the private investments in Johannesburg that are celebrated for their regenerative capacity. This migrant enclave demonstrates how urban regeneration can evolve out of the actions of thousands of actors.

The challenge is to direct, support and harness this energy.


Read more: Cities are central to our future – they have the power to make, or break, society’s advances


If we were to think of Johannesburg as a port, how would we understand and use the ecosystems of trade, movement and distribution that this networked economy has created? What other services could flow through these ecosystems? And what safety, mobility and public infrastructure services are required to enhance these entrepot functions and claim this role for the city, an African urban hub tied to multiple cities and small towns across the continent?

The cross-border shopping hub of Jeppe offers hope for an inland entrepot to be recognised, supported and expanded to offer the global services that Johannesburg’s infrastructure can provide.

– Ethiopian quarter: how migrants have shaped a thriving shopping district in South Africa’s city of gold
– https://theconversation.com/ethiopian-quarter-how-migrants-have-shaped-a-thriving-shopping-district-in-south-africas-city-of-gold-266494

African Union (AUC) Chairperson has congratulated Kaylia Nemour of #Algeria on making history as Africa’s first-ever world gymnastics champion at the 2025 Artistic #Gymnastics World Championships in Jakarta

Source: APO – Report:

.

The Chairperson of the African Union Commission, H.E. Mahmoud Ali Youssouf, has congratulated Kaylia Nemour of #Algeria on making history as Africa’s first-ever world gymnastics champion at the 2025 Artistic #Gymnastics World Championships in Jakarta.

The Chairperson hailed Kaylia’s “stunning gold-winning performance” as a proud moment for Africa, celebrating her as a symbol of excellence, & the unstoppable rise of African talent on the global stage.

H.E. Mr Youssouf added that Kaylia’s triumph will inspire a new generation of young Africans to dream higher & reach further, proving that with the right investment in sports, African athletes can soar gracefully among the world’s best, just as Kaylia has done!

– on behalf of African Union (AU).