Economic Community of West African States (ECOWAS) celebrates its fiftieth anniversary in Cotonou: a march for regional unity and solidarity

Source: APO


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As part of the celebrations marking the fiftieth anniversary of the Economic Community of West African States (ECOWAS), the ECOWAS Representation in Benin, with the support of the Beninese Government, the West African Power Pool (WAPP) and the Multinational Maritime Coordination Centre (MMCC) Zone E, organised a commemorative march in Cotonou on Saturday 28th of June 2025.

Titled the “Jubilee Walk”, the event brought together over 300 participants from state and diplomatic institutions, ECOWAS specialised agencies, project partners, West African communities, youth organisations, NGOs, students and teachers.

The march set off from the Place de l’Amazone at 7.00am and took a looping route through the Place Bio Guéra, returning to its starting point at around 10.00am. It was led by a high-level delegation including Ambassador Amadou DIONGUE, ECOWAS Resident Representative in Benin, the representative of the Minister for Sport, the Director of CMMC Zone E and the representative of the WAPP Secretary General. The presence of the Resident Coordinator of the United Nations System, the Resident Representatives of UEMOA and UNFPA, as well as Ambassador Francis OKE, former Permanent Representative of the ECOWAS to the African Union, enhanced the solemnity of the event.

In keeping with the theme of the golden jubilee, “Stronger together for a brighter future”. the march was punctuated by messages in favour of unity and solidarity, the essential foundations of successful regional integration.

In his speech, the ECOWAS Resident Representative said: “This march symbolises our shared commitment to an ECOWAS of peoples, united and in solidarity. In the face of current challenges, it is imperative that we unite our voices on the international stage to defend the interests of our region and accelerate the implementation of our integration policies, in order to create opportunities for our peoples”.

The ceremony ended with words of thanks and encouragement from Ambassador Francis OKE, the Resident Coordinator of the United Nations System, the representative of the Minister for Sport and the Resident Representative of the ECOWAS. They all stressed that the support, solidarity and unity of the peoples are the foundation of West African political and economic integration. The morning ended in a convivial atmosphere, with refreshments and a family photo.

Distributed by APO Group on behalf of Economic Community of West African States (ECOWAS).

Sudan: Children reveal harrowing violence in latest North Darfur mass displacement

Source: APO


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Save the Children and its partners spoke to over 450 of these displaced children in Tawila for the assessment “Children Caught in Conflict”, with children describing traumatic journeys and expressing fear, grief, and a profound sense of uncertainty about their futures. 

Hundreds of children have recounted harrowing stories of terror and loss after their homes in Sudan’s North Darfur region were attacked, with many telling Save the Children how they lost contact with friends and loved ones [1].  

Violence is happening daily in North Darfur, the epicentre of Sudan’s two-year conflict,  with fighting intensifying over the past 12 months and spiking in April this year when the Zamzam camp housing people forced from their homes was viciously attacked.  

Nearly 500,000 people – including 260,000 children – were displaced from Zamzam camp between April and May, which amounts to 99% of the camp’s population. About  75% of the displaced people ended up in the Tawila camp [2], which is located around 60km southeast of Zamzam.  

Save the Children and its partners spoke to over 450 of these displaced children in Tawila for the assessment “Children Caught in Conflict”, with children describing traumatic journeys and expressing fear, grief, and a profound sense of uncertainty about their futures. 

Many children witnessed killings and dead bodies in the streets, with some reporting witnessing young people being arrested or killed, and more than half of the girls interviewed (53%) reported incidents of sexual violence during their journey out of Zamzam to Tawila.  

Three children reported that their mothers died during the journey to Tawila, while four others said they lost a brother, and five reported the death of their fathers. 

Some children recounted supporting elderly relatives travelling long distances on donkeys, with others saying they were forced to leave behind exhausted family members under threat of violence.  

Salma*, 12, originally from El Fasher, was displaced twice — first to Zamzam, then to Tawila. She described witnessing rape, killings, and looting along the road. Her grandfather died during the journey due to exhaustion and lack of care. Upon arrival in Tawila, her family had no food or shelter and slept in the open.  

Talha*, 12, was fetching water for his family when the Zamzam camp came under attack. He witnessed shootings, and widespread panic. He ran home to find his family but discovered the house empty. He searched the schools where people were hiding but couldn’t find them. Believing his family had fled to Tawila, Talha followed the crowds on foot. After arriving, he stayed with a host family for seven days before they too left, leaving him alone. Talha told the survey team his only wish is to return to El Fasher and reunite with his family — though he doesn’t know if they are still alive. 

While some children said they feel relatively safe in Tawila, many — especially girls — expressed deep grief over the loss of family members and fear of ongoing violence. 

Children cited poor living conditions, including sleeping on the ground, extreme heat, food shortages, and the presence of armed individuals, as sources of distress.  

Girls reported high levels of fear and vulnerability, particularly when using toilets or traveling long distances for water. Many shared that friends were raped during displacement or in the camps. Both boys and girls acknowledged a rise in sexual violence, with girls aged 12–18 being the most affected. Boys were also aware of the abuse experienced by their sisters and peers.  

Francesco Lanino, Deputy Country Director of Programmes and Operations for Save the Children in Sudan, said: 

“Children in North Darfur have been to hell and back. They are grieving deeply, while contemplating uncertain futures. Many lost family members before and during their displacement, and don’t have adequate tools to process their experiences. Some children have described to our staff harrowing experiences of parting with older family members on the route, many of whom they haven’t seen since.  

“Since the conflict began, children’s lives have been upended. They now wake to the sound of gunfire and shelling. Families dig trenches for protection, schools are closed, and access to healthcare is limited. Many children reported that their peers have joined armed groups or been forced into early marriage due to economic hardship.  

“Children’s rights have been completely ignored in Sudan. They are being separated from their families, seeing loved ones killed or maimed, and have already missed years of critical education, with terrible consequences for their long-term well-being. We are incredibly concerned for these children’s futures – and the future of Sudan – if this conflict doesn’t end now.” 

Save the Children is urging the international community to redouble efforts to demand a ceasefire in Sudan, to allow safe and unhindered humanitarian access and a drastic scale-up of humanitarian assistance.  

Save the Children has worked in Sudan since 1983 and is currently supporting children and their families across Sudan providing health, nutrition, education, child protection and food security and livelihoods support. Save the Children is also supporting refugees from Sudan in Egypt and South Sudan. 

Since April 2025, Save the Children has been leading a major humanitarian response in North Darfur, addressing the urgent needs of displaced populations following mass displacement from Zamzam camp and El Fasher. With hundreds of thousands of internally displaced persons across the region, Save the Children has scaled up operations in El Fasher, Tawila and Central Darfur, delivering life-saving services in health, nutrition, water and sanitation, protection, and shelter. 

Distributed by APO Group on behalf of Save the Children.

The Minister of Foreign Affairs, Regional Integration and International Trade of Republic of Mauritius to Visit Japan

Source: APO


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Hon. Dhananjay Ramful, Minister of Foreign Affairs, Regional Integration and International Trade, Republic of Mauritius will pay a visit to Japan from July 13 to 16.

During his stay in Japan, the Minister will meet with Mr. IWAYA Takeshi, Minister for Foreign Affairs of Japan, and will participate in the National Day Event of Expo 2025 Osaka, Kansai, Japan, as official guest of the Government of Japan.

The visit of the Minister is expected to further develop the bilateral relations between Japan and Mauritius.

Distributed by APO Group on behalf of Ministry of Foreign Affairs of Japan.

Operation Vulindlela: Sustained progress in the economic reform agenda

Source: Government of South Africa

The Presidency and National Treasury have released a quarterly progress report for Q1 2025/26 on the implementation of economic reform through Operation Vulindlela. 

This report is the first to be released since the launch of Phase II of Operation Vulindlela this year. 

Operation Vulindlela is a joint initiative of the Presidency and National Treasury which aims to achieve more rapid and inclusive economic growth through a programme of far-reaching economic reform. 

Phase I of Operation Vulindlela focused on unlocking progress in five priority areas: electricity, freight logistics, water, telecommunications, and the visa system. These reforms were selected for their high potential to catalyse investment, enhance economic competitiveness, and create jobs. 

Phase II represents a second wave of structural reform aimed at unlocking more rapid, inclusive, and sustained economic growth. 

While continuing to drive implementation of reforms initiated during Phase I, the second phase introduces new focus areas that respond to evolving challenges in the economy. 

“The report released today demonstrates sustained progress in the economic reform agenda, which serves as a counter to strong economic headwinds. 

“Key milestones during the past quarter include the publication of a Ministerial Determination and associated regulations to enable the first round of Independent Transmission Projects, as well as a Request for Information for major private sector participation (PSP) projects in the freight logistics sector. 

“Progress has also been made in the new areas of reform included in Phase II, with a comprehensive review of the White Paper on Local Government to reform the local government system and the introduction of a performance-based financing mechanism to support the reform of municipal water and electricity services. 

“The Digital Transformation Roadmap has been approved by Cabinet and is in implementation, with the development of a digital identity system and other core elements of the roadmap already advanced,” said a statement.

Further details on progress in each of the reform areas is available in the full report, at Operation Vulindlela Progress Report Q1 2025-26.pdf. – SAnews.gov.za

Conviction of examiner, driving school instructor welcomed

Source: Government of South Africa

Thursday, July 10, 2025

The Road Traffic Management Corporation (RTMC) has welcomed the conviction of a KwaZulu-Natal examiner and a driving school instructor in a case that exposed serious breaches of integrity within the driving licence issuing sector.

Sandile Ndlovu, a Mooi River-based examiner, was found guilty of fraud and conspiracy to commit corruption on 8 July 2025 in the Durban Specialised Crime Court after it was discovered that he had fraudulently issued a learner licence to someone who had not written the required examination.

Ndlovu was arrested in 2016 following complaints received by the National Traffic Anti-Corruption Unit (NTACU), a division of the RTMC. 

The unit worked with the KwaZulu-Natal South African Police Crime Intelligence Unit and the Directorate for Priority Crime Investigation (Hawks) anti-corruption unit to investigate the complaints.

“It was found that Mr Ndlovu conspired with Ms Zandile Dlamini, a driving school instructor, to have a learner licence issued on the payment of R 3000 inducement. Dlamini was also convicted for her role in facilitating the misconduct by accepting an unlawful benefit for the crime,” said the RTMC in a statement.

The corporation said these actions not only violated the trust placed in public servants but also compromised the integrity of a system meant to ensure competence and accountability within road traffic law enforcement.

The matter has been postponed to 29 August 2025 to allow for the preparation of pre-sentence reports. 

During the sentencing phase, the State is expected to call additional witnesses to highlight the impact of these actions on road safety and the broader public service.

“The RTMC considers this case a significant milestone in the ongoing effort to clean up traffic enforcement services and promote a culture of ethical conduct. 

“We fully support the work of the courts and prosecuting authorities in holding those who abuse public systems accountable. The fight against fraud and corruption remains one of our top priorities, and we will continue working closely with all stakeholders to protect the integrity of road traffic management in South Africa,” said the RTMC.

Members of the public can report suspected acts of fraud, corruption, and malfeasance to ntacu@rtmc.co.za or by WhatsApp to 083 293 7989. – SAnews.gov.za

Verdant Capital Hybrid Fund completes a USD 3 million investment in Bfree

Source: APO

Verdant Capital is pleased to announce that its Verdant Capital Hybrid Fund (the “Fund”) (https://Verdant-Cap.com/) has completed a USD 3 million investment loan in Bfree. This investment will be used for distressed loan portfolio financing whereby Bfree will be purchasing distressed loan portfolios from inclusive financial institutions in Africa. In addition, Bfree will benefit from initiatives supported by the Fund’s technical assistance facility.

Bfree was established in 2020, and it is a leading ethical and digital credit collection company in Africa. Bfree delivers digital and ethical collection processes on distressed loan portfolios that comply with the global industry ethical collection standards. Distressed loan portfolio financing remains underexplored in Africa due to several factors including the lack of effective collection procedures on distressed loan portfolios, lack of accurate date for valuation of distressed loan portfolios, loan transferability issues, price variations, and ineffective judicial procedures. Bfree’s streamlined and principled collection services address the challenges of large-scale collections in the Retail and Small and Medium Enterprise (SME) lending sectors in Africa. Bfree is significantly contributing to the reduction of distressed loan portfolios in the financial services sector in Africa. Bfree utilises a loan portfolio pricing model which uses proprietary data to predict repayment rates for the distressed loan portfolios. Since its incorporation five years ago, Bfree has experienced remarkable growth, serving over 6.6 million borrowers with an estimated loan portfolio value of over USD 740 million across its markets of operations.

This investment aligns with the Fund’s mandate of providing funding to financial institutions and impacting positively on the borrowers who have defaulted on their loans with the end goal of increasing their repayment rates and ultimately their credit scores as well as customer satisfaction. In addition, BFree is aiding the financial services sector by providing capital through purchasing of distressed loan portfolios that would typically have been written down to zero. This adds both capital and liquidity to financial institutions and allows them to focus on their core business of lending.

This investment is yielding for the Fund, a return aligned with the Fund’s return target, reinforcing the value of supporting high-impact financial inclusion initiatives in emerging markets.

Distributed by APO Group on behalf of Verdant Capital.

Media Enquiries:
Verdant Capital

Orient Mahonisi
Team Assistant
T: +27 10 140 3700
E: orient.mahonisi@verdant-cap.com

Bfree
Chukwudiebele Enyi
Co-founder
T: +234 808 323 0727
E: chuks@bfree.africa

About Verdant Capital: 
Verdant Capital is an investment manager and investment bank specialising in the private capital markets and operating on a Pan-African basis. Verdant Capital is the manager of the Verdant Capital Hybrid Fund. 

https://Verdant-Cap.com/

About Bfree: 
Bfree is a leading AI-powered digital credit collection company in Africa, specialising in ethical recovery of distressed loan portfolios. Bfree leverages advanced technology to deliver compliant, transparent, and respectful collection processes, aligned with global standards for ethical debt recovery.

www.Bfree.io

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Western Cape concerned at 23 deaths on province’s roads in one week

Source: Government of South Africa

The Western Cape Government has expressed deep concern at the number of pedestrian fatalities and drunk driving arrests recorded during the past week. 

Between 30 June and 6 July 2025, 23 people lost their lives in 23 crashes on Western Cape roads. 

These include 15 pedestrians, four drivers, three passengers, and one motorcyclist. 

The province believes the figures serve as a sobering reminder that reckless behaviour on the roads continues to have devastating consequences, particularly for the most vulnerable road users.

“The loss of lives on our roads is avoidable and requires collective action. Too many innocent lives are impacted and altered by the poor judgment and decisions of road users,” said Western Cape Mobility MEC Isaac Sileku.

Sileku said it was most alarming that 57 people were arrested on suspicion of driving under the influence of alcohol during a week marked by heavy rain across the province. 

“Driving while under the influence, no matter how small the amount, will not be tolerated. Drivers are urged to always prioritise safety,” added Sileku.

The provincial government said the winter season brought added challenges for all road users. 

“Shorter days, poor visibility, wet roads, and adverse weather conditions increase the risk of incidents, especially for pedestrians.” 

Meanwhile, the Western Cape Provincial Government said driving under the influence remained one of the leading causes of road crashes and fatalities. 

To improve safety and visibility on the roads, the Western Cape’s Provincial Traffic Services conducted 213 integrated roadblocks, vehicle checkpoints, and speed control operations across the province during the past week. 

Over 27 000 vehicles were stopped and checked, resulting in just over 4 000 fines issued for various traffic violations. 

A total of 78 arrests were made for various offences, including 57 for driving under the influence of alcohol, 11 for possession of fraudulent documentation, four for reckless and negligent driving, three for vehicles with overloaded goods, two for failure to furnish information, and one for speed-related arrest. 

The Western Cape Government continues to urge all road users to act responsibly, especially during adverse weather conditions.

“Pedestrians remain our most vulnerable road users, and the numbers recorded this weekend are a stark reminder. We all have a role to play in protecting lives on our roads, let’s drive, walk, and act with care,” the MEC added.

Tips for motorists and pedestrians: 

•    If you plan to drink, arrange for a sober driver, taxi, or e-hailing service.

•    Never let a friend drive under the influence.

•    Be part of the solution, report reckless drivers when it is safe to do so.

•    Pedestrians are urged to take personal responsibility when heading out and wear bright or reflective clothing, especially in poor light conditions.

•    Cross only at designated crossings or intersections where drivers expect to see pedestrians.

•    Avoid distractions such as cellphones and headphones when walking near or across roads.

•    Do not walk under the influence of alcohol. 

•    Stay alert, always assume drivers cannot see you. – SAnews.gov.za

Have your say on the Review of the White Paper on Local Government

Source: Government of South Africa

Have your say on the Review of the White Paper on Local Government

While the recent inclement weather conditions have reminded us of the power that mother nature wields, it has also served to remind us about how municipalities are run, and their importance.

As inclement weather often brings damage to homes, roads and other infrastructure, municipalities are often the first port of call for residents in such disasters. They are at the coal face of coordinating help for residents, including shelter, food and clothing.

Given the importance of matters of local government, Cooperative Governance and Traditional Affairs (COGTA) Minister Velenkosini Hlabisa has extended the deadline for submissions on the Review of the White Paper on Local Government.

The Minister extended the initial deadline that had been set for 30 June to 31 July 2025, due to requests from stakeholders across the country for additional time to prepare and submit inputs. 

The Ministry said the extension provides an opportunity for broader consultation and deeper reflection while also encouraging interested individuals and organisations to take full advantage of the additional time to submit their views.

“The Ministry recognises the importance of inclusive participation in shaping a responsive and effective system of local governance and thus welcomes the active engagement from all sectors of society,” the Ministry of Cooperative Governance and Traditional Affairs said.

These contributions are essential in strengthening the future of local government and it is crucial for citizens to make their comments count.

Like the weather, local government has an impact on daily life – whether it be refuse collection, the maintenance of roads, or the provision of electricity.

In the Government Gazette dated 10 April 2025, Minister Hlabisa invited the public, civil society, public institutions and interested stakeholders and all three spheres of government to provide comments towards the review.

Among others, the review speaks to the challenges brought on by the changing weather patterns.

This as the Eastern Cape Provincial Government announced that the floods that battered parts of the province last month claimed 103 lives. The victims include 38 children and public servants who were among the first responders. 

In total, in June, South Africa lost 107 lives because of the disaster, of which three were in KwaZulu-Natal and one in the Western Cape.

In the aftermath of the disaster, government announced a substantial Disaster Recovery Grant, allocating R1.2 billion to municipalities affected by recent disasters.  

Climate change is among the nine interconnected priorities for change that are up for discussion in the review document.
According to the review, the “escalating climate crisis” which has “profoundly reshaped municipal governance priorities,” necessitates that local authorities balance the immediate service delivery demands with long-term resilience planning. 

While it feels like mother nature is playing a cruel trick on us in the month that South Africa marks Environment Month, the review notes that municipalities are operating in an era in which climate considerations are present in every aspect of urban and rural management.

“In addition to revealing critical deficits in institutional capacity and resource allocation, this paradigm shift has required structural reforms in financial planning, infrastructure development, and cross-sectoral coordination,” it notes, while also stating that municipalities have been compelled to become frontline responders for climate adaptation.

According to the document, municipal budgets have borne the brunt of climate-induced disasters, with extreme weather events between 1998 and 2025 increasing emergency expenditures by 320% across South African cities. 

Flooding in Durban during the 2022 rainy season required R780 million in unplanned drain clearance and road repairs, diverting funds from scheduled housing projects.

“The frequency of such events has necessitated permanent budget line items for disaster response,” noted the report adding that coastal municipalities like Nelson Mandela Bay have seen 22% decreases in rates income from properties in flood-prone areas since 2018.

Additionally, critical municipal infrastructure built to 20th-century climate standards now operate beyond their design thresholds.

According to the document, the key challenges in local government show a breakdown in finance, governance and service delivery resulting in high and growing debt, instability in councils, and a deterioration in and lack of maintenance of infrastructure assets.
The review notes that local government performance has regressed due to a variety of administrative, governance, service delivery, infrastructure, financial, structural, and systemic challenges.

“The failure to do the basics well has become a major constraint on attracting investment, fostering growth, creating jobs, promoting human development, and serving citizens,” it said.

Key areas 

Government has prioritised the reform of the local government system to ensure it does not continue to be a limiting factor in the country’s development.

The other eight interconnected priorities for change in the document are: municipal fiscal and financial reform; manipulative conduct, culture and behaviour, unethical practices and poor accountability; overpoliticisation of municipalities; poor oversight over local government at national and provincial level; weak integration of traditional governance systems; poor relationships with citizens; inability of spheres of government to meaningfully collaborate and persistent spatial inequalities.

Under the issue of municipal fiscal and financial reform, the document states that local government fiscal and financial challenges are multifaceted and impact the delivery of basic services, citizen confidence, and the long-term viability of the local government system.
The document states that the discussion options for a new local government financial model will need to take into account why levels of local government own revenue have declined, with rising debtors resulting in failure to realise potential revenue.

It will also need to consider why expenditure is rising above revenue and, at the same time, declining service delivery, as well as persistent weaknesses in internal controls and financial governance, among others.

On the matter of manipulative conduct, culture and behaviour, unethical practices and poor accountability, the document notes an emergence of “a bureaucratic, hierarchical, command-and-control, and compartmentalised local government institutional culture”.

This according to the document, has distanced many municipalities from the people they serve with manipulation and methods aiming at maintaining power and/or rapid enrichment having spread, resulting in corrupt, nepotistic, and unethical activity in municipalities.

“Culture change needs to start with ethical leaders in all three spheres of government who model transparency, accountability, agility, and responsiveness and support strengthening of anti-corruption measures,” noted the review.

Meanwhile on the priority of poor relationships with citizens, the document states that there is a large divide between many municipalities and their communities (including residential, business, university, and institutional communities). 

“The fact that as of 2024, households owe municipalities a staggering R230.5 billion (74% of total municipal debt) is an indicator of the broken social contract.”

It further goes on to say that a three-way partnership between the elected political structure, the administration, and the community is part of the original conceptualisation of municipalities in the 1998 white paper.

“However, relationships have increasingly become strained and, in some cases, have broken down, hence the need for a focus on ways to improve three-way relational governance at the municipal level, within a whole of government and whole of society framework.”

Meanwhile on the issue of persistent spatial inequalities, the document noted that the persistence of spatial inequality in South African towns and cities remains one of the most pressing challenges of the post-apartheid era. 

“Despite three decades of democratic governance, the colonial and apartheid-era urban form, characterised by racial segregation, economic exclusion, and fragmented landscapes, continues to define South Africa’s towns and cities,” it said.

While adding that policies like the Integrated Urban Development Framework (IUDF) and the Spatial Planning and Land Use Management Act (SPLUMA) have sought to dismantle this legacy, progress has been hindered by fragmented implementation, among others.

The document noted that the nine focus areas represent “just some of the initial reflections on the causes of local government system failure; the list is not exhaustive.”

The document notes that the process of local government reform in South Africa faces the persistent and deepening weaknesses of the local government system itself and policy implementation failure are pressing challenges.

“These two challenges need to be tackled simultaneously. If the policy reform and implementation processes are not significantly improved and recommendations are not translated into action, the necessary system changes will once again not be made or sustained,” it said.

Local government achievements

While the white paper speaks to the challenges the country faces, there have been several achievements since the dawn of democracy, including the devolution and establishment of autonomous municipalities with constitutional powers to manage local development. 

Other successes include a stable, functional democracy with regular elections established at the local level, including ward committees and other mechanisms for community engagement.

It also includes the merging of fragmented local authorities into inclusive municipal systems. 
Other developments include the expanding of access to basic services, including an increase in electricity and water provision as well as the Adoption of the Free Basic Services policies. 

The document states that the review presents a crucial opportunity to assess progress, identify challenges, and propose policy reforms to enhance local governance. 

“Central to this process is public participation, ensuring that diverse perspectives contribute to shaping an inclusive and effective local government system,” noted the document.

The White Paper can be accessed on: https://www.cogta.gov.za/index.php/wplg-page/ .

Contributions can be submitted via email to WPLG26@cogta.gov.za,  oRichardP@cogta.gov.za  or MaphutiL@cogta.gov.za. 

Submissions can also be made to the following postal address: 
Minister of Cooperative Governance and Traditional Affairs
Attention: Mr Thabiso Richard Plank (WPLG26 Policy Review)
Private Bag X802, Pretoria, 0001
Alternatively, submission can be dropped off at 87 Hamilton Street, Arcadia, Pretoria. 

SAnews.gov.za

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Afreximbank President Launches New Edition of Structured Trade Finance Book at 32nd Annual Meetings

Source: APO

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) launched the second edition of Foundations and Evolution of Structured Trade Finance, a landmark publication on a specialised field of trade finance shaped by decades of real-world application.

Authored by Professor Benedict O. Oramah, President and Chairman of the Board of Directors of Afreximbank and a pivotal figure in the development of Structured Trade Finance (STF), the book provides a practical, step-by-step guide to structuring trade finance transactions. It delves into real-world case studies, explores risks and the theoretical foundations of STF, and broadens its scope beyond commodities to address a wide range of trade scenarios.

The updated edition introduces dedicated chapters on reserve-based lending, supply chain finance, and the use of emerging technologies in structured trade finance. These additions make the book particularly relevant in today’s complex and increasingly risk-sensitive global regulatory environment.

Speaking at the book launch and signing event held during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, Professor Oramah reflected on the significant progress made in trade finance since the early 1990s.

“When I joined Afreximbank in 1994 the world was still grappling with a severe sovereign debt crisis, and structured trade finance was just beginning to emerge as a tool for financing trade in challenging markets.

“As Afreximbank began operations in 1994, we embraced structured trade finance for its ability to mitigate risk. At its core, structured trade finance enables practitioners to be innovative, as its fundamental principle allows for the transfer of risks from parties who are less able to bear them to those who are more capable of absorbing shocks,” said Professor Oramah.

The first edition of the book highlighted trade finance structures that largely supported North-South trade—an approach that contributed to trade diversion, with businesses often favouring extra-African over intra-African trade due to more accessible financing.

Today, global trade dynamics have shifted dramatically. South-South trade now dominates, with Africa’s trade with other developing countries rising from approximately 23% of its total trade in 1995 to an estimated 68% in 2024. Over the same period, Africa’s trade with advanced economies has declined to less than 50%.

Structured Trade Finance has played a transformative role in reversing Africa’s trend of de-industrialisation. By extending beyond commodity-based structures, STF has supported the emergence of African manufacturing hubs, fostered regional and domestic value chains, and enabled the growth of small and medium-sized enterprises. Afreximbank continues to build the continent’s economic future on this foundation of innovation and resilience.

The second edition of Foundations and Evolution of Structured Trade Finance is now available via Globe Law and Business (www.GlobeLawAndBusiness.com), Amazon, and major retailers including Blackwell’s, Waterstones, Wildy’s, Baker & Taylor, and Gardners.

Distributed by APO Group on behalf of Afreximbank.

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

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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A 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 (Baa1), 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

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Eritrea: Construction of Dams in Mai-Mne Sub-zone

Source: APO


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Three dams have been constructed in Mai-Mne sub-zone, Southern Region, at a cost of over 20 million Nakfa. The construction was carried out through a joint effort by the Southern Region administration and members of the Defense Forces.

The dams, with capacities of 250,000, 85,000, and 75,000 cubic meters respectively, are expected to make a significant contribution to the provision of water for both the population and livestock in the areas.

Engineer Gebreselasie Semere, coordinator of the project, stated that the primary goal of the dam construction is to ensure a sustainable supply of potable water for the Mai-Mne semi-urban center. The dams will also support the development of irrigation-based farming.

Lt. Col. Abraham Haile, administrator of the sub-zone, highlighted the role of the dams in ensuring access to clean water and advancing development programs. He also praised the contributions of Government institutions and the public in completing the construction.

Mai-Mne sub-zone, which includes 76 villages, is located 90 kilometers south of Mendefera city.

Distributed by APO Group on behalf of Ministry of Information, Eritrea.