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CORRECTION: Afreximbank’s A-/Stable rating confirmed by Japan’s Credit Rating Agency

Source: APO

Japan Credit Rating Agency, Ltd. (JCR) has affirmed African Export-Import Bank’s (Afreximbank) (www.Afreximbank.com) A- issuer credit rating with a stable outlook.

Download report: https://apo-opa.co/3JGKs3T

The rating reflects JCR’s assessment of Afreximbank’s strong strategic positioning, robust risk management framework, consistent profitability, prudent liquidity policies and resilient capital base. JCR also noted the Bank’s important role in supporting trade finance and economic development across Africa and the Caribbean.

The rating agency stated that it expects Afreximbank’s rating to remain stable over the next 12 to 18 months, despite external macroeconomic challenges and potential pressures in its operating environment.

Reacting to the announcement, Mr. Denys Denya, Afreximbank’s Senior Executive Vice President, said the affirmation reinforces the Bank’s credibility in global markets and highlights its systemic importance to Africa. “JCR’s rating underscores our strong fundamentals and prudent risk management practices,” he said. “It strengthens our ability to diversify our funding sources, including tapping into Japan’s capital markets, to further advance our mandate of promoting and financing intra- and extra-African trade.”

Mr. Denya reaffirmed Afreximbank’s unwavering commitment to its member states, partners and clients, noting that its consistent delivery, even in challenging times, has been a key driver behind its strong credit standing. “This rating is a testament to the Bank’s resilience and strategic focus, enabling us to mobilise resources to drive trade and development in Africa and the Caribbean,” he added.

The JCR affirmation is expected to bolster confidence among investors and stakeholders, supporting Afreximbank’s ongoing efforts to expand its global funding base and enhance its market presence.

In line with this, Afreximbank successfully completed its inaugural Samurai bond issuance in Japan in 2024, raising JPY 81.3 billion (US$530 million). The transaction, which attracted strong participation from a diverse pool of Japanese institutional investors, underscored the Bank’s growing appeal in international capital markets and its ability to mobilise resources beyond traditional geographies. The success of the issuance further demonstrates Afreximbank’s credibility and capacity to secure innovative funding solutions in support of its mandate. 

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 (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

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NYDA and NSFAS forge strategic partnership to empower SA’s youth

Source: Government of South Africa

The National Youth Development Agency (NYDA) has forged a new strategic partnership with the National Student Financial Aid Scheme (NSFAS) to combine resources and redirect young people toward opportunities in institutions of higher learning.

The collaboration, formalised through a Memorandum of Understanding (MOU), marks a significant commitment to expanding educational and development opportunities for young people across South Africa, with a dedicated focus on those in rural areas, townships, and informal settlements.

NYDA Executive Chairperson, Dr Sunshine Myende, said the partnership is a direct response to the critical skills gap and persistent inequality that hinder youth advancement.

“Data from the NYDA’s Jobs Programme highlight that the majority of young people reside in rural areas and many do not possess a matric qualification. In response, the NYDA has initiated this partnership with NSFAS to align efforts, combine resources, and redirect young people toward opportunities in institutions of higher learning,” Myende said.

Key pillars of the collaboration

The agreement establishes a framework for action built on several key pillars:
•    Decentralised access: To bring services closer to young people, NSFAS will leverage the NYDA’s national footprint. NYDA offices, particularly those in rural, township, and informal settlement areas, will serve as walk-in support centres for NSFAS applications, ensuring vital funding services are accessible to all.
•    Bridging the digital divide: Recognising that connectivity should not be a barrier to education, the NYDA and NSFAS are exploring partnerships with telecommunications providers. This initiative aims to ensure reliable online application processes, even in the most remote locations.
•    Expanding educational pathways: To address the current imbalance in applications, the partnership will actively promote greater awareness and support for funding opportunities at Technical and Vocational Education and Training (TVET) institutions, creating a more diverse and skilled future workforce.
•    Solving student accommodation: The organisations will collaborate on developing sustainable, innovative solutions to the student accommodation crisis, with the NYDA contributing directly to ongoing policy development in this critical area.

Myende highlighted that the partnership reflects the current NYDA Board’s unwavering focus on inclusivity and equitable access to essential youth services.

By working closely with NSFAS, he said the agency aims to ensure that financial aid, development support, and educational access extend beyond urban centres, and “reaches every young person, no matter where they live.”

“This partnership marks a pivotal moment in building a more inclusive and prosperous future for all South African youth. This MOU is more than a formal agreement; it is a commitment to ensuring that no young person is left behind, regardless of their location.

“Through this collaboration, we are opening doors not just to funding, but to opportunity, development, and ultimately dignity,” Myende said.

The NYDA reaffirmed its unwavering commitment to building a South Africa where every young person can thrive, noting that the partnership with NSFAS is a cornerstone of “our strategic mission to foster holistic youth development.” – SAnews.gov.za

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Operation Shanela nets over 800 suspects in Limpopo

Source: Government of South Africa

Wednesday, September 3, 2025

A joint multi-disciplinary Operation Shanela executed in Limpopo has led to the arrest of 837 suspects for various offences committed across the province.

According to the South African Police Service (SAPS), the operation also led to the confiscation of 65,613 kilograms of dagga.
Amongst the offenses committed include rape, illegally dealing in liquor, possession of illegal cigarettes, possession of dangerous weapons and possession of drugs.

The operations which ran from 25-31 August were positively conducted in collaboration with other agencies, including the South African Defence Force (SANDF), Traffic Police, Community Policing Forum (CPF).

In a statement on Tuesday, the police said the operation was executed through high visibility patrols, roadblocks, stop and searches, vehicle check points and the tracing of wanted suspects.

Among the arrests, six people were arrested for the illegal possession of firearms, while 18 were cuffed for the possession of dangerous weapons, among others.

Meanwhile, police recovered 180 counterfeit goods, six handguns, 20 cellphones and 10 vehicles, among others.

Some of the arrested suspects have already started to appear before their local Magistrate’s court.

“This province will continue to combat any criminal activities and our men and women in blue will stop at nothing in ensuring that it remains safe for the inhabitants without any prejudice of race and gender,” said the Provincial Commissioner of Police in Limpopo, Lieutenant General Thembi Hadebe. – SAnews.gov.za

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Limpopo beefs up police service ahead of festive season

Source: Government of South Africa

Wednesday, September 3, 2025

Police in Limpopo are getting their ducks in a row ahead of the festive season, with 132 newly recruited police constables being deployed to various districts to boost operations across the province.

The new constables have recently completed rigorous training and pass-out parades conducted at various South African Police Service (SAPS) training academies.

Limpopo Police Commissioner, Lieutenant General Thembi Hadebe, on Tuesday officially deployed the constables at an event held at the Old Peter Mokaba Stadium in Polokwane. 

The constables were placed in different investigation units in the five districts and Forensic Local Criminal Record Centre (LCRC). 

Hadebe urged the constables to put shoulder to the wheel, as the fight against crime requires sheer dedication.

“Do your work diligently and respect the rights of the individual. At your respective stations that you are attached to, you will find negative people. Choose what you listen to and avoid the wrong groups. Attitude determines altitude,” Hadebe said.

She emphasised the critical role the constables will play in ensuring that residents, holidaymakers and businesses in the province are and feel safe. 

Hadebe once again reiterated the importance of professionalism and integrity in the line of duty. She reiterated the importance of respect, especially for the communities the police serve. 

The responsible use of firearms, Hadebe said, is key. She called for discretion, cautioning the constables to use their firearms “when absolutely necessary and justified”.

“Criminals are not playing outside (sic). They are daring. Do not be generous to them, make sure you arrest them for the right reasons. When leaving your home, invite God to protect you and thank Him when you return safely,” she said.

Deputy Provincial Commissioner for Crime Detection, Major General Samuel Manala, advised the constables to remain true to their core responsibility, which is to serve and protect. – SAnews.gov.za

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Deputy President to conduct oversight visit to the Western Cape

Source: Government of South Africa

Deputy President Paul Mashatile will conduct an oversight visit to the Western Cape, specifically the Overberg District Municipality, this week.

The Deputy President is set to visit the province from Thursday to Saturday (4-6 September). 

The visit aims to showcase government efforts to expedite the Land Reform Programme, support community development initiatives, and lead a national initiative designed to promote cleaner and healthier urban and rural environments through community participation.

The Deputy President, who chairs the Inter-Ministerial Committee on Land Reform and Agriculture, has made it a priority to conduct outreach visits to communities and areas that have benefited from the government’s land reform programme. 

These visits aim to emphasise the commitment to expedite the land restitution and redistribution process while supporting agricultural production and investment in the land.

On Thursday, the Deputy President will visit the Klein Ezeljacht Farm 126 in the Theewaterskloof Local Municipality, Caledon, accompanied by the Minister of Land Reform and Rural Development, Mzwanele Nyhontso.

The farm produces apples, pears, grain, and livestock. It was funded by the government through the Land Development Support Programme, which has helped many previously disadvantaged farmers reach their full production capacity. 

The programme focuses on developing their agricultural enterprises and ensuring they become commercially viable.

“Deputy President Mashatile will then engage with the farming sector representatives to assess the provision of farmer support to enhance agricultural productivity,” the advisory read. 

The Office of the Deputy President believes that these engagements provide a platform for government to play a meaningful role in providing support to emerging farmers in areas of training, mentorship, and financial assistance.  

Through the Department of Land Reform and Rural Development, government said it is committed to addressing the impediments to growth in the sector, such as a lack of adequate access to funding and the prevailing impact of climate change on food security. 

To highlight government’s commitment to supporting the significant role of non-governmental organisations (NGOs) in socio-economic development, Deputy President Mashatile will attend the inaugural charity gala dinner organised by Phawu Lethu Skills Development Training. 

This event will take place on Friday at the Arabella Golf Course in Kleinmond, located within the Overstrand Local Municipality.

“Deputy President Mashatile, as champion of Social Cohesion and Moral Regeneration initiatives in South Africa, has accepted Phawu Lethu’s invitation, in view of their commitment to support vulnerable communities affected by hunger, natural disasters, and poverty, thus restoring hope and dignity to those impacted by hardship.”

Clean Cities and Towns campaign

On Saturday, Deputy President Mashatile will lead a Clean Cities and Towns campaign at the Zwelihle township, in the Overstrand Local Municipality, as part of fostering a cleaner, healthier and more sustainable urban and rural environment.

The campaign led by the Deputy President supports the country’s developmental objectives by enhancing public health, safety, and infrastructure, and it encourages investments in green energy and innovative technologies to address environmental degradation.

The key focus of the campaign is to promote shared responsibility for clean, healthy spaces, encourage friendly competition among municipalities and mobilise community participation and ownership of public spaces.

READ | Mashatile takes the Clean Cities and Towns Campaign to Free State

Overstrand is home to one of the world’s best land-based whale watching destinations in Hermanus, drawing thousands of local and international tourists each year. 

The region also boasts Blue Flag beaches, marine conservation areas, and renowned fynbos biodiversity, forming part of the Cape Floral Kingdom. Ecotourism, adventure tourism, and wine tourism are all strong contributors to the Overberg local economy.

Deputy President Mashatile will also be accompanied by Minister of Tourism Patricia de Lille, Deputy Ministers of Water and Sanitation David Mahlobo, and the Mayor of the Overstrand Local Municipality Archie Klaas, as well as senior government officials. – SAnews.gov.za

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South Africa’s Rail Reforms to Bolster Mineral Trade

Source: APO


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South Africa is revamping its rail logistics infrastructure and services through strategic investments and partnerships to enhance mineral distribution across local and export markets.

The upcoming African Mining Week (AMW) conference – Africa’s premier gathering for mining stakeholders, scheduled for October 1 – 3, 2025 in Cape Town – will feature a dedicated panel discussion exploring the readiness of Africa’s logistics sector to drive increasing mineral flows. Titled From Mines to Markets: Strengthening Trade and Connectivity for Africa’s Mineral Future, the panel will showcase cooperation between mining projects and logistics operators in building a competitive mineral trade ecosystem.

In August 2025, South Africa approved licenses (https://apo-opa.co/3HFsGxn) for 11 new private operators to run trains and logistics services across its national rail network. State-owned logistics company Transnet will grant 10-year licenses enabling new private investments in rail infrastructure and unlocking an additional 20 million tons of freight annually from the 2026/27 financial year. The milestone aligns with South Africa’s target to raise total rail haulage to 250 million tons per annum by 2029, covering minerals and other key goods.

Transnet has also entered into strategic partnerships with mining firms to boost rail efficiency. The firm signed an agreement with Exxaro Resources in August 2025 to improve rail infrastructure and expand capacity between the mining firm’s 3.6 million tons per annum Leeuwpan coal mine in Mpumalanga and domestic, regional and international markets. The partnership supports Exxaro’s 2025 sales target of 38.3 to 42.4 million tons of coal, including up to 7.2 million tons for export, while advancing South Africa’s broader goals of export growth, GDP expansion and job creation. Similarly, in July 2025, United Manganese of Kalahari (UMK) (https://apo-opa.co/47UHRNB) concluded a 10-year deal with Transnet to transport manganese from its Northern Cape operations to ports for export, bolstering the country’s drive to maximize critical mineral exports under its upcoming Critical Minerals Strategy (https://apo-opa.co/3Vw5TXQ).

A series of funds have also been allocated to strengthen rail and port operations. In July 2025, an additional R94.8 billion in government support was approved for Transnet, following a R51 billion package in May 2025. International partners have also stepped in, with the New Development Bank extending a $278 million loan and the African Development Bank approving a $1 billion loan to upgrade the country’s logistics backbone.

At AMW 2025, these milestones will be unpacked to assess their impact on South Africa and the wider continent’s mining and logistics landscape, while underscoring the crucial role of rail in ensuring sustainable growth across Africa’s mineral value chains.

Distributed by APO Group on behalf of Energy Capital & Power.

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Finalists Announced for the 2025 Africa Women Innovation & Entrepreneurship Forum (AWIEF) Awards

Source: APO

The Africa Women Innovation & Entrepreneurship Forum (AWIEF) (www.AWIEForum.org) announces the finalists for the prestigious AWIEF Awards for 2025. 

Held annually as part of the AWIEF Conference, the AWIEF Awards celebrate the remarkable achievements of women entrepreneurs and business leaders across the African continent. The aim is to shine a spotlight on women who are driving innovation, building impactful businesses, advancing gender equality, and contributing to Africa’s inclusive economic growth and sustainable development. 

“The AWIEF Awards are a powerful platform to honour women whose innovation, resilience, and leadership are shaping the future of Africa,” said Irene Ochem, AWIEF Founder and CEO. “Our 2025 finalists embody the transformative role women entrepreneurs play in creating a more sustainable, inclusive, and prosperous Africa.” 

This year’s finalists were selected by an international panel of judges from a highly competitive pool of outstanding nominees spanning diverse sectors, from technology and agriculture to energy, creative industries, and social entrepreneurship. Their journeys exemplify the resilience, ingenuity, and leadership of African women shaping the future of the continent. 

AWIEF AWARDS 2025 FINALISTS (listed in alphabetical order) 

Young Entrepreneur Award 

Norah Kimathi – Kenya 
Enyo Kossiwa Midjresso-Amouzou – Togo 
Chisom Victory Okorie – Nigeria 

Empowerment Award 

Mathildah Amollo – Kenya 
Naima Mohamed – Somalia 
Mampho Sotshongaye – South Africa 

Energy Entrepreneur Award 

Chenez Henderson – South Africa 
Rufaro Marufu – Zimbabwe 
Nidal Tafah – Morocco 

Creative Industry Award 

Mahlet Afework – Ethiopia 
Stella Ndekile – Nigeria 
Soraya da Piedade – Angola 

Social Entrepreneur Award 

Farana Boodhram – South Africa 
Naom Monari – Kenya 
Barbara Nabigambo – Uganda 

Agri Entrepreneur Award 

Linda Davis – Kenya 
Ruth Ede – Nigeria 
Millicent Okumu – Kenya 
Josephine Takundwa – Zimbabwe 

Tech Entrepreneur Award 

Vivian Arinaitwe – Uganda 
Maryanne Gichanga – Kenya 
Naledi Magowe – Botswana 

Recognizing Africa’s Women Leaders 

The AWIEF Awards continue to champion women-led innovation and enterprise across Africa, celebrating women who are not only creating successful businesses but also making a positive social and economic impact in their communities and beyond. 

Join Us at AWIEF2025 

The winners of the AWIEF Awards 2025 will be announced at awards ceremony and gala dinner which will take place during the AWIEF Conference, Exhibition and Awards, taking place on 30 – 31 October 2025 at the Cape Town International Convention Centre (CTICC), Cape Town, South Africa. 

Don’t miss this opportunity to join the celebration and connect with Africa’s most inspiring women entrepreneurs, policymakers, investors, and business leaders. 

To register and book your delegate ticket for AWIEF2025, please follow this link: https://apo-opa.co/3HY5cDF

Distributed by APO Group on behalf of Africa Women Innovation and Entrepreneurship Forum (AWIEF).

Media Contact:
Yolanda Mtshawu 
Email: info@awieforum.org
Phone: +27 21 002 8264 

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KaliSpot launches its first 1Net smart kiosks in Senegal and announces the appointment of its first distributor for the Congo Basin

Source: APO

KaliSpot (www.KaliSpot.com) announces the deployment of its first 1Net smart kiosks in the Senegalese capital, marking a decisive turning point in its mission to bring finance and essential services closer to citizens, everywhere, for everyone. 

Designed as neighborhood access points available 24/7, the KaliSpot 1Net kiosks bring together, within a shared and hybrid infrastructure, cash-in and cash-out services for customers of Banks, Fintechs, and Mobile Money providers. These kiosks simplify daily life for users by providing a seamless, accessible, and fully interoperable experience, aligned with the regional initiatives currently underway in the UEMOA zone. 

“Our ambition is to make finance accessible to everyone, everywhere, and at any time—without technological barriers or exclusions,” declared the founding team of KaliSpot. 

Powered by proprietary technology that combines shared infrastructure, conversational AI in local languages, and biometric verification, KaliSpot 1Net kiosks guarantee ease of use and maximum inclusivity. The solution addresses the fragmentation and limitations of cash-in/cash-out services in urban areas during peak hours as well as in rural areas ; offering unprecedented access in what the founder of the startup, Mika DIOL, defines as “Financial Deserts”. 

The launch of the first units in Dakar paves the way for a large-scale rollout across Senegal in 2025, before expansion to other countries in the sub-region. As part of this growth dynamic, KaliSpot has signed its first distribution partnership with Solarix, which will cover the Democratic Republic of Congo and the Republic of Congo, thereby strengthening its presence in the Congo Basin. 

“This strategic partnership with KaliSpot reflects our commitment to building sustainable and interoperable infrastructure solutions in the DRC and Congo. Together, we will deploy technology that redefines access to financial services, while enhancing integration between the Congo Basin markets and the rest of Africa. We believe this alliance paves the way for a new stage of growth and transformation for our financial and technological ecosystems” stated Jacinthe Masamba, CEO of Solarix. 

KaliSpot’s ambition : to build within three years, by relying on carefully selected partners, the first hybrid (physical and intelligent) proximity platform in West and Central Africa. A revolution in the relationship between consumers and financial services. 

Distributed by APO Group on behalf of KaliSpot.

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NPA welcomes court decision in Senzo Meyiwa case

Source: Government of South Africa

Wednesday, September 3, 2025

The National Prosecuting Authority (NPA) has welcomed the dismissal of the S174 applications brought by accused number four, Mthokozisi Maphisa, in the Senzo Meyiwa case.

Such an application requests the court to find that there is no case to be answered by the accused.

In the judgement handed down in the Pretoria High Court, Judge Ratha Mokgoatlheng found that there is prima facie evidence that Maphisa must answer to.

Maphisa, along with four other accused, are facing charges of murder, attempted murder, robbery with aggravating circumstances, possession of firearm and possession of ammunition related to the 2014 murder of Meyiwa.

“In his application through his legal representative, the accused said the state had no case against him, thus lacking evidence to link him to the offences [he is] charged with. The state, however, opposed their applications and submitted that there was sufficient evidence that could lead to the conviction of the accused. 

“The state relied on the testimony of constable Zungu who was with the five accused on the day of the incident. The state also relied on other pieces of evidence, including ballistic evidence that was put before the court by other witnesses in the case,” the NPA said in a statement.

The prosecutorial body insists that it will continue its pursuit for justice for the former Bafana Bafana captain’s family.
“This court outcome is encouraging as the state overcomes a second hurdle presented in this case. The state will continue to put forward a formidable case to ensure that justice is served for the Meyiwa family,” the statement concluded. 

Following the dismissal of the application, the case was postponed to 22 September to allow the defence to prepare its case. – SAnews.gov.za

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Global innovators unite in G20 hackathon 

Source: Government of South Africa

The Group of 20 (G20) Research and Innovation Working Group (RIWG) Hackathon which brings together innovators to tackle pressing challenges like climate change, is currently underway.

Hosted by South Africa’s Department of Science, Technology and Innovation (DSTI), the hackathon is a flagship deliverable of this year’s G20 RIWG agenda.  

The department announced that the hackathon, which began on Tuesday, aims to support a demonstrator project centred on the theme “Disaster Risk Reduction through Open Innovation (DRR-OI).”

The hackathon which will run until Friday, 5 September, brings together global innovators to collaboratively tackle one of the most pressing challenges the world faces, including disaster risk in the context of accelerating climate change.

This initiative is designed to utilise digital technologies, open data systems, and cross-border collaboration to enhance resilience in regions that are vulnerable to climate change and water scarcity.

“This year’s challenge focuses on forecasting informal urban expansion and its implications for flood risk using advanced digital tools and real-world data.  

“Building on previous DRR-OI platforms and pilot projects, the hackathon is a dynamic test bed for scalable, evidence-based solutions that can inform policy and urban planning in rapidly growing cities,” the statement read. 

Throughout the week, multidisciplinary teams from G20 countries and their partners will develop innovative digital solutions utilising artificial intelligence (AI), machine learning, and geospatial analytics, all while adhering to the principles of responsible and ethical AI.

Participating teams include experts in data science, urban studies and disaster risk management from countries such as Botswana, Canada, China, Ethiopia, Italy, Japan, Kenya, Korea, Malawi, Nigeria, Singapore, Slovakia, Spain, Turkey and Saudi Arabia. 

South Africa is proudly represented by a group of emerging leaders and innovators, including Dr Charles Takalana, the Deputy Director at the International Astronomical Union Office of Astronomy for Development, located at the South African Astronomical Observatory in Cape Town.

“The involvement of these experts underscores the depth of local scientific and entrepreneurial talent and ensures that African urban contexts and lived experiences are at the forefront of the development of globally relevant solutions.”

The event is being held virtually, enabling inclusive participation and real-time collaboration across time zones.  

The department announced that the final prototypes and solution demonstrations will be showcased at the G20 Research and Innovation Ministerial Meeting on 23 September 2025. 

These presentations will contribute to high-level discussions on climate adaptation, urban resilience, and the role of digital innovation in sustainable development.

“By harnessing the power of open innovation, the G20 RIWG hackathon exemplifies how international scientific cooperation can generate actionable insights and scalable technologies to build safer, more resilient communities in the face of growing environmental uncertainty,” the statement read. – SAnews.gov.za