Durban positions itself as a transport and logistics hub

Source: Government of South Africa

Durban positions itself as a transport and logistics hub

eThekwini Municipality Mayor Cyril Xaba has reaffirmed the city’s commitment to working closely with the national Department of Transport and its entities to upgrade transport infrastructure and strengthen it’s position as a vibrant transport and logistics hub.

The commitment follows a two-day oversight visit by Parliament’s Portfolio Committee on Transport to assess various major infrastructure and public transport projects in the city.

During the visit, the committee commended progress made by the municipality in implementing the Integrated Public Transport Network, GO! Durban, while also raising concerns about the long-term sustainability of the programme amid the winding down of the Public Transport Network Grant.

Xaba led a joint delegation comprising members of the Portfolio Committee on Transport, officials from the Department of Transport and the KwaZulu-Natal Department of Transport on a site inspection of the GO! Durban C3 route.

The oversight programme began at the Inkosi Albert Luthuli International Convention Centre before proceeding to Pinecrest Mall, where the delegation inspected the C3 route, which operates between Pinetown and Bridge City.

Committee Chairperson Donald Selamolela welcomed the engagement, saying the visit provided valuable insight into both the progress achieved and the challenges faced in delivering a safe, reliable and integrated public transport system.

Addressing the debriefing session, Xaba thanked the committee for the oversight visit, noting that it offered a clearer understanding of the C3 route and its supporting infrastructure.

He said the city’s infrastructure drive was underpinned by growing economic trajectory, citing the University of KwaZulu-Natal’s Business Confidence Index, which showed a marked increase in eThekwini’s score from 52.12 points in the third quarter of 2025 to 63.38 in the fourth quarter.

“This improvement reflects growing optimism among businesspeople about both the current and future economic climate in Durban. This vote of confidence from the business sector compels us to redouble our efforts to upgrade infrastructure and create a conducive environment for businesses to thrive,” Xaba said.

He added that the municipality continues to work closely with the Department of Transport, its entities and the private sector to upgrade transport infrastructure and reinforce eThekwini’s position as a vibrant transport and logistics hub.

As part of broader efforts to improve freight efficiency, the city is collaborating with Transnet to decongest and improve operations at the Port of Durban. Engagements have also been held with the Passenger Rail Agency of South Africa to discuss strategies for upgrading and modernising passenger rail infrastructure.

Xaba said partnerships with the private sector and Transnet Freight Rail Infrastructure Manager are moving swiftly to implement bold initiatives aimed at shifting a significant portion of freight from road to rail.

“A few months ago, we unveiled the R10 billion Insimbi Ridge Development in Cato Ridge, which forms part of our broader programme to establish an inland port and decongest the harbour. Furthermore, SANRAL [the South African National Roads Agency] is undertaking major projects within the city to upgrade the N2 and N3 transport corridors,” Xaba said. – SAnews.gov.za
 

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L’Afrique du Sud rejoint Afreximbank et annonce un Programme pays de 8 milliards de dollars US

Source: Africa Press Organisation – French

La République d’Afrique du Sud a officiellement adhéré aujourd’hui à l’Accord d’Etablissement de la Banque africaine d’Import-Export (Afreximbank) (www.Afreximbank.com), la principale institution financière multilatérale d’Afrique, marquant ainsi l’entrée officielle de la plus grande économie africaine dans le cercle des membres de la Banque et annonçant la souveraineté financière des deux parties. 

Cette adhésion fait suite à l’approbation historique de l’adhésion par le Parlement sud-africain en 2025, cimentant un partenariat stratégique entre la principale banque multilatérale africaine et la puissance industrielle du continent. L’Afrique du Sud devient le 54e État à adhérer à l’accord constitutif de la Banque, ce qui constitue une étape historique alors que les deux partenaires cherchent à ouvrir des perspectives commerciales dans un contexte financier mondial en pleine fragmentation en raison des politiques protectionnistes et de la réorganisation des blocs commerciaux.

Pour rendre ce partenariat opérationnel, Afreximbank lancera des interventions financières majeures dans le pays. Il s’agit d’un nouveau programme pays de 8 milliards de dollars destiné à renforcer l’économie sud-africaine. Ce programme vise à accroître l’impact de la Banque sur le développement, à renforcer le développement industriel et les chaînes d’approvisionnement régionales et à stimuler de manière considérable, le commerce les flux d’investissement intra-africains. Ce soutien est stratégiquement aligné sur les ambitions économiques de l’Afrique du Sud.

En tant que plus grand contributeur régional du continent au commerce intra-africain, représentant 19,1 % du commerce total du continent en 2024 (http://apo-opa.co/4rqC5K7), l’Afrique du Sud est idéalement placée pour tirer parti de l’infrastructure commerciale, de l’expertise et de la portée panafricaine d’Afreximbank afin d’étendre ses relations d’exportation à travers tout le continent.

Dr George Elombi, Président d’Afreximbank et Président du Conseil d’administration de la Banque, a souligné que l’adhésion de l’Afrique du Sud constitue une « étape décisive », ajoutant :

« Cette confirmation de l’adhésion de l’Afrique du Sud à Afreximbank marque une étape décisive vers l’unification autour des intérêts économiques du continent, les intérêts de notre continent mère. Tout en offrant à Afreximbank une couverture continentale complète, elle place l’Afrique du Sud au cœur de la vision d’Afreximbank et de ses aspirations à promouvoir le changement tant souhaité dans la structure du commerce africain.

« Je suis donc heureux qu’en collaboration avec le ministère sud-africain du commerce, de l’industrie et de la concurrence (DTIC), sous la direction du Ministre Parks Tau, nous ayons mis sur pied ce que nous considérons comme une enveloppe importante de 8 milliards de dollars US pour l’Afrique du Sud. Le programme pays s’aligne sur le plan national de développement à l’horizon 2030 de l’Afrique du Sud et sur les priorités nationales en matière d’industrie et de commerce, et cible des domaines stratégiques clés ».

Le Dr Elombi a ajouté que le portefeuille actuel de projets d’Afreximbank en Afrique du Sud, à différents stades d’examen, dépasse les 6 milliards de dollars US et couvre les secteurs de la santé, des services financiers, de l’industrie manufacturière, de l’énergie, de l’industrie et des mines.

Commentant l’adhésion de l’Afrique du Sud à Afreximbank, le Président de la République d’Afrique du Sud, S.E. Cyril Ramaphosa a déclaré :

« Nous franchissons aujourd’hui une étape importante dans notre quête pour réaliser ce que j’appellerais l’intégration économique de notre continent. L’adhésion de l’Afrique du Sud à la Banque africaine d’Import-Export confirme notre engagement en faveur du développement industriel africain et de l’approfondissement du commerce, de l’investissement et du développement sur l’ensemble du continent. Une fois finalisé, le Programme pays Afrique du Sud-Afreximbank sera mis en œuvre grâce à un ensemble de mesures financières qui soutiendront dans un premier temps une série de projets stratégiques dans le secteur du commerce et de l’industrie. L’un des domaines sur lesquels nous allons nous concentrer immédiatement est le renforcement de notre Fonds de transformation, afin de soutenir les entreprises détenues par les noirs qui, soit dit en passant, ont été empêchées par le système d’apartheid de participer activement à l’économie de notre pays ».

Le Président Ramaphosa a ajouté : « Depuis plus de 30 ans, Afreximbank a démontré ses capacités, sa résilience et son esprit d’innovation, mais elle a surtout prouvé son impact. Ce partenariat renforcera à plus d’un titre la capacité de l’Afrique du Sud à soutenir les exportateurs sud-africains, les projets industriels et les chaînes de valeur régionales tout en favorisant le progrès de notre continent ».

À la suite de cette annonce, l’Afrique du Sud et Afreximbank ont décidé de mener conjointement des programmes de développement commercial et économique, parmi lesquels figurent notamment le Programme de promotion du commerce et des investissements entre l’Afrique du Sud et l’Afrique (SATIPP), le Programme de garantie d’Afreximbank, le financement de parcs industriels et de zones économiques spéciales, sans oublier le financement des sociétés commerciales d’exportation , le financement de projets et d’actifs, le financement commercial conventionnel, la préparation de projets par Afreximbank et le financement destiné à soutenir les industries créatives et culturelles, ainsi qu’une large gamme de services de conseil.

Distribué par APO Group pour Afreximbank.

Contact Presse :
Vincent Musumba
Responsable des communications et de la gestion événementielle (Relations presse)
Courriel : press@afreximbank.com

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À propos d’Afreximbank :
La Banque Africaine d’Import-Export (Afreximbank) est une institution financière multilatérale panafricaine dédiée au financement et à la promotion du commerce intra et extra-africain. Depuis 30 ans, Afreximbank déploie des structures innovantes pour fournir des solutions de financement qui facilitent la transformation de la structure du commerce africain et accélèrent l’industrialisation et le commerce intrarégional, soutenant ainsi l’expansion économique en Afrique. Fervente défenseur de l’Accord sur la Zone de Libre-Échange Continentale Africaine (ZLECAf), Afreximbank a lancé les le Système panafricain de paiement et de règlement (PAPSS) qui a été adopté par l’Union africaine (UA) comme la plateforme de paiement et de règlement devant appuyer la mise en œuvre de la ZLECAf. En collaboration avec le Secrétariat de la ZLECAf et l’UA, la Banque a mis en place un Fonds d’ajustement de 10 milliards de dollars US pour aider les pays à participer de manière effective à la ZLECAf. À la fin de décembre 2024, le total des actifs et des garanties de la Banque s’élevait à environ 40,1 milliards de dollars US et les fonds de ses actionnaires s’établissaient à 7,2 milliards de dollars US. Afreximbank est notée A par GCR International Scale, Baa2 par Moody’s, AAA par China Chengxin International Credit Rating Co., Ltd (CCXI), A- par Japan Credit Rating Agency (JCR). Au fil des ans, Afreximbank est devenue un groupe constitué de la Banque, de sa filiale de financement à impact appelée Fonds de développement des exportations en Afrique (FEDA), et de sa filiale de gestion d’assurance, AfrexInsure, (les trois entités forment « le Groupe »). La Banque a son siège social au Caire, en Égypte.

Pour de plus amples informations, veuillez visiter www.Afreximbank.com

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África do Sul adere ao Afreximbank e anuncia Programa Nacional no valor de 8 mil milhões de dólares americanos

Source: Africa Press Organisation – Portuguese –

A República da África do Sul aderiu hoje oficialmente ao Acordo de Constituição do Banco Africano de Exportação e Importação (Afreximbank) (www.Afreximbank.com), a principal instituição financeira multilateral de África, marcando a entrada formal de uma das maiores economias de África como membro do Banco, anunciando uma soberania financeira mais profunda. 

A adesão segue-se à aprovação histórica pelo Parlamento sul-africano da adesão em 2025, consolidando uma parceria estratégica entre o principal banco multilateral de África e a potência industrial do continente. A África do Sul torna-se o 54.º Estado a aderir ao Acordo de Constituição do Banco, o que constitui um marco histórico, uma vez que os dois parceiros procuram desbloquear oportunidades de comércio numa arquitectura financeira global que está a fragmentar-se rapidamente devido a políticas proteccionistas e à mudança dos blocos comerciais.

Para operacionalizar esta parceria, o Afreximbank irá lançar importantes intervenções financeiras no país. Inclui um novo Programa Nacional no valor de 8 mil milhões de dólares americanos, concebido para aprofundar a economia sul-africana. Estes programas são concebidos para ampliar o impacto do Banco no desenvolvimento, melhorar o desenvolvimento industrial e as cadeias de abastecimento regionais e impulsionar significativamente o comércio intra-africano e os fluxos de investimento. Este apoio está estrategicamente alinhado com as ambições económicas da África do Sul.

Como o maior contribuinte regional do continente para o comércio intra-africano, representando 19,1% do comércio total do continente em 2024 (http://apo-opa.co/4rqC5K7), a África do Sul está numa posição única para alavancar a infra-estrutura comercial, a experiência e o alcance pan-africano do Afreximbank para expandir as suas relações de exportação em todo o continente.

O Dr. George Elombi, Presidente e Presidente do Conselho de Administração do Afreximbank, saudou a adesão da África do Sul como um “passo decisivo”, sublinhando que:

“Esta afirmação da adesão da África do Sul ao Afreximbank marca um passo decisivo para a união em torno dos interesses económicos do continente, os interesses do nosso continente natal. A adesão da África do Sul ao Banco, além de proporcionar ao Afreximbank uma cobertura continental completa, coloca o país no centro da visão do Afreximbank e das suas aspirações de promover a mudança tão desejada na estrutura do comércio de África.

“Estou, portanto, satisfeito por, em conjunto com o Departamento de Comércio, Indústria e Concorrência da África do Sul (DTIC), sob a liderança de S. Ex.ª o Ministro Parks Tau, termos reunido o que consideramos um importante pacote de 8 mil milhões de dólares para a África do Sul. O programa nacional está alinhado com o plano de desenvolvimento nacional da África do Sul para 2030 e com as prioridades industriais e comerciais nacionais, e visa as principais áreas estratégicas.”

O Dr. Elombi acrescentou que o actual leque de projectos do Afreximbank na África do Sul, em diferentes fases de apreciação, ultrapassa os 6 mil milhões de dólares, abrangendo os sectores da saúde, serviços financeiros, indústria transformadora, energia, indústria e mineração.

Ao comentar a adesão da África do Sul ao Afreximbank, o Presidente da República da África do Sul,  Sua Excelência Cyril Ramaphosa, afirmou que:

“Hoje assinalamos um marco importante na nossa busca pela concretização do que eu chamaria de integração económica do nosso continente. A adesão da África do Sul ao Banco Africano de Exportação e Importação reafirma o nosso compromisso com o desenvolvimento industrial africano e com o aprofundamento do comércio, do investimento e do desenvolvimento em todo o nosso continente. Uma vez finalizado, o Programa Nacional África do Sul-Afreximbank será operacionalizado com um pacote financeiro que vai apoiar inicialmente uma série de projectos estratégicos em todo o sector comercial e industrial. E uma das áreas em que nos vamos concentrar com efeito imediato é o de dinamizar o nosso Fundo de Transformação, para apoiar as empresas lideradas por negros que, aliás, foram impedidas pelo sistema do apartheid de participar activamente na economia do nosso país.”

O Presidente Ramaphosa acrescentou que: “Durante mais de 30 anos, o Afreximbank demonstrou a sua própria capacidade, a sua resiliência, a sua capacidade de inovação, mas, mais do que isso, demonstrou que tem impacto. Esta parceria irá reforçar, de várias formas, a capacidade da África do Sul de apoiar os exportadores sul-africanos, os projectos industriais e as cadeias de valor regionais, promovendo simultaneamente o progresso do nosso continente.”

Depois do anúncio, tanto a África do Sul como o Afreximbank decidiram trabalhar juntos em programas de desenvolvimento comercial e económico, entre os quais se destacam o Programa de Promoção do Comércio e Investimento África do Sul-África (SATIPP), o Programa de Garantia do Afreximbank, o financiamento de parques industriais e zonas económicas especiais – sem esquecer o financiamento de empresas comerciais de exportação – Financiamento Baseado em Projectos e Activos, financiamento comercial convencional, Preparação de Projectos do Afreximbank e financiamento concebido para apoiar as indústrias criativas e culturais, bem como uma vasta gama de serviços de consultoria.

Distribuído pelo Grupo APO para Afreximbank.

Contacto para a Imprensa:
Vincent Musumba
Gestor de Comunicações e Eventos (Relações com a Imprensa)
Correio Electrónico: press@afreximbank.com

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Sobre o Afreximbank:
O Banco Africano de Exportação e Importação (Afreximbank) é uma instituição financeira multilateral pan-africana com mandato para financiar e promover o comércio intra e extra-africano. Há mais de 30 anos que o Banco utiliza estruturas inovadoras para oferecer soluções de financiamento que apoiam a transformação da estrutura do comércio africano, acelerando a industrialização e o comércio intra-regional, impulsionando assim a expansão económica em África. Apoiante firme do Acordo de Comércio Livre Continental Africano (ACLCA), o Afreximbank lançou um Sistema Pan-Africano de Pagamento e Liquidação (PAPSS) que foi adoptado pela União Africana (UA) como plataforma de pagamento e liquidação para sustentar a implementação da ZCLCA. Em colaboração com o Secretariado da ZCLCA e a UA, o Banco criou um Fundo de Ajustamento de 10 mil milhões de dólares para apoiar os países que participam de forma efectiva na ZCLCA. No final de Dezembro de 2024, o total de activos e contingências do Afreximbank ascendia a mais de 40,1 mil milhões de dólares e os seus fundos de accionistas a 7,2 mil milhões de dólares. O Afreximbank tem notações de grau de investimento atribuídas pela GCR (escala internacional) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-). O Afreximbank evoluiu para uma entidade de grupo que inclui o Banco, a sua subsidiária de fundo de impacto de acções, denominada Fundo para o Desenvolvimento das Exportações em África (FEDA), e a sua subsidiária de gestão de seguros, AfrexInsure (em conjunto, “o Grupo”). O Banco tem a sua sede em Cairo, Egipto.

Para mais informações, visite: www.Afreximbank.com.

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Seychelles: President Engaged Seychelles Government Leadership Programme Participants on the Margins the World Government Summit

Source: APO


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The President of the Republic of Seychelles, Dr. Patrick Herminie, met with the third cohort of participants of the Seychelles Government Leadership Programme, implemented in partnership with the United Arab Emirates, on the margins of the World Government Summit. The engagement brought together 13 senior officials from sectors including health, environment, prisons, education, maritime security, policing, tourism, culture, and ICT, who exchanged views with the President on leadership, governance, and the practical application of lessons gained through the programme.

Participants highlighted that the training enabled them to connect with peers globally, share experiences, and gain exposure to best practices in public administration. They acknowledged that the programme strengthened their strategic thinking, adaptability, and ability to leverage innovation, partnerships, and modern governance tools to address complex challenges within their respective sectors their ability to think strategically, adapt to change, and leverage tools, partnerships, and innovation to respond effectively to complex global challenges within their sectors. (additional comments)

The meeting is part of the broader Seychelles-UAE cooperation framework on Experience Exchange in Government Development and Modernisation, through which Seychelles has benefited from structured leadership development and institutional capacity-building initiatives. A key outcome of this partnership enhances the strategic, and management capabilities of senior public-sector officials while exposing them to global best practices in governance, innovation, and service delivery.

Through the first two cohorts, the programme successfully equipped officials with practical tools in areas such as strategic foresight, performance management, digital government, and adaptive leadership. The approach combined structured learning modules with applied projects and exposure to government innovation models in the UAE, ensuring lessons were directly relevant to Seychelles’ national priorities.

Distributed by APO Group on behalf of State House Seychelles.

Portfolio committee calls for long-term disaster preparedness

Source: Government of South Africa

Portfolio committee calls for long-term disaster preparedness

Parliament’s Portfolio Committee and Select Committee on Cooperative Governance and Traditional Affairs (COGTA) has reiterated the call for long-term disaster preparedness and climate adaptation measures.

The call was made during Parliament’s Joint Oversight Delegation on Cooperative Governance to flood-affected communities in Limpopo on Tuesday.

The delegation visited Tshakhuma in the Makhado Local Municipality within the Vhembe District, as well as Matsakali Village in the Collins Chabane Local Municipality.

The visit forms part of Parliament’s oversight mandate to assess government’s response to recent disasters and to evaluate recovery and mitigation plans at provincial and local level.

Led by Chairperson of the National Council of Provinces (NCOP) Select Committee on Cooperative Governance and Public Administration, Mxolisi Kaunda, and Chairperson of the National Assembly Portfolio Committee on Cooperative Governance and Traditional Affairs, Dr Zweli Mkhize, the delegation inspected areas located along flood plains and riverbanks where extensive damage has been recorded.

Flooding caused by extreme weather conditions resulted in the widespread destruction of homes, roads, bridges, water infrastructure and other essential services, leaving some communities isolated and vulnerable.

Kaunda said the joint delegation’s oversight visit was intended to support provincial and local government and local communities, while ensuring accountability for commitments made to restore services.

“We are here to support the local and provincial government and affected communities, but also to conduct oversight on the commitments that were made to restore services,” Kaunda said.

Engagements with provincial and local authorities, traditional leaders and affected residents focused on the restoration of critical services, including access roads, water and sanitation, electricity infrastructure, and the continuation of schooling for learners.

Kaunda underscored the importance of safeguarding the culture of learning and teaching in the aftermath of a disaster and ensuring that schools can operate safely and effectively.

Community safety emerged as a key concern, with both chairpersons warning that settlement in flood-prone areas poses an unacceptable risk to life.

The delegation urged local authorities to present clear relocation plans for affected households to safer land already identified by the Department of Human Settlements.
Members also stressed the need for transparency and ensure that the right people benefit from emergency housing and rebuilding interventions and called for urgent repairs to damaged infrastructure such as low-level bridges and access roads that have cut off communities.

Mkhize said relocation remained the only sustainable solution for households living on flood plains and stressed the need for coordinated action across all spheres of government to support affected families in re-establishing themselves in safer areas.

Both chairpersons expressed condolences to families who lost loved ones during the floods and reaffirmed Parliament’s commitment to ongoing oversight of disaster response efforts.

Preparedness 

The delegation further underscored the importance of long-term disaster preparedness and climate change adaptation.

“We are asking what plans are being put in place to mitigate this so that we don’t experience the same problems, especially given climate change challenges. Preparation must be our focus, not only response whenever we are informed,” Kaunda said.

He added that rebuilding efforts must prioritise safety and sustainability, warning against returning communities to high-risk areas.

He also called for improved stormwater drainage, the clearing of waterways, protection of wetlands, tree planting and the integration of environmental planning into municipal development.

“Wetlands and open spaces play a critical role in absorbing excess water during heavy rainfall and reducing the impact on residential areas,” Kaunda noted.

The joint delegation is expected to continue its oversight work in the Giyani and Tzaneen areas on Wednesday before moving to flood-affected areas in Mpumalanga.
Insights from the visit would be used to strengthen oversight of disaster response, recovery planning and long-term risk mitigation. – SAnews.gov.za
 

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SA’s accession to Afreximbank a turning point for continental economic integration

Source: Government of South Africa

SA’s accession to Afreximbank a turning point for continental economic integration

President Cyril Ramaphosa has described South Africa’s accession to the African Export–Import Bank (Afreximbank) as a major milestone in advancing Africa’s economic integration, industrial development and intra-continental trade.

He was delivering a keynote address at the Afreximbank Accession Signing Ceremony held at the Westcliff Hotel in Johannesburg, on Wednesday.

“Today, we mark a major milestone in our quest to realise the economic integration of our continent. South Africa’s accession to the Africa Export Import Bank affirms our commitment to African industrial development and to deepening trade, investment and development across the continent,” the President said.

The signing ceremony marked South Africa’s formal transition to Class A Shareholder status in Afreximbank and the activation of a strategic partnership aimed at advancing industrial development, export-led growth and deeper intra-African trade integration. 

Afreximbank is a pan-African multilateral financial institution that facilitates, promotes and expands intra- and extra-African trade and plays a key role in financing Africa’s economic development and industrialisation.

Once finalised, the South Africa Afreximbank Country Programme will be operationalised through a finance package that will initially support a range of strategic projects across the trade and industrial cluster. 

The programme is expected to inject capital into priority industrial projects, export diversification, infrastructure development and transformation initiatives.

“Today’s signing signals a deliberate, ambitious and more impactful phase in South Africa’s economic engagement with Africa and the world. For South Africa, the decision to accede to Afreximbank represents a strategic alignment.

“We seek to contribute to an Africa that prioritises intra‑continental trade, that builds its own industrial base, and that mobilises African financial institutions to support development,” the President said. 

He noted that Afreximbank has, for more than 30 years, demonstrated resilience, innovation and impact through a diversified portfolio across geographies and sectors. 

The partnership will strengthen South Africa’s ability to support exporters, industrial projects and regional value chains, while advancing continental development.

The President said South Africa accedes to Afreximbank at a time of both challenge and opportunity for the continent, with global economic uncertainties, climate risks and shifting trade patterns underscoring the need to build economic resilience.

“As a country, we are implementing far‑reaching reforms to restore growth, improve competitiveness and expand inclusion. We are working to accelerate economic growth by implementing structural reforms, increasing infrastructure investment and through targeted industrial policy,” the President said. 

He emphasised that membership alone is not the objective, saying what matters is how the partnership is translated into practical instruments that expand productive capacity, diversify exports and integrate more South Africans into regional and global value chains.

President Ramaphosa outlined South Africa’s industrialisation path as being anchored by three mutually reinforcing pillars: decarbonisation, diversification and digitisation. 

He said the country was pursuing an energy transition that balances climate imperatives with developmental realities, while building new industrial capabilities and creating jobs.

“That is why we are investing in renewable energy, green hydrogen, sustainable fuels and climate resilient infrastructure,” he said, adding that South Africa is also focused on beneficiating critical minerals for clean energy technologies, sectors where African countries hold a competitive advantage.

The President said diversifying both the export basket and the exporter base remains key to South Africa’s economic growth strategy, with a shift toward higher value and more complex exports in advanced manufacturing, green industries, critical minerals beneficiation, pharmaceuticals and the digital economy.

Through the African Continental Free Trade Area (AfCFTA), he said, South Africa is working to build African value chains that anchor production on the continent and strengthen Africa’s economic sovereignty. 

Afreximbank’s instruments, including trade finance, project preparation, risk mitigation and market access support, were described as indispensable in turning this vision into reality.

President Ramaphosa highlighted the Afreximbank Inclusive Development Support Programme for South Africa, which sets aside a dedicated facility to address structural barriers that have historically excluded many South Africans from participating in trade and industrialisation.

The programme will support small and medium enterprises, black industrialists, and women- and youth-owned firms to access finance, build assets and participate in strategic sectors.

South Africa’s accession brings the country closer to the incubation of a South African Export–Import Bank, which will be developed in collaboration with Afreximbank and build on the experience of the Export Credit Insurance Corporation.

“This is a strategic investment in our ability to compete and to support South African firms across the export lifecycle,” the President said.

In concluding, President Ramaphosa acknowledged the leadership of Afreximbank President and Chairman of the Board of Directors, Dr George Elombi, and former President of the bank, Professor Benedict Oramah, under whose leadership South Africa’s accession process was initiated. He also thanked Minister of Trade, Industry and Competition, Parks Tau, for his role in advancing South Africa’s trade and industrial agenda.

“Today, as we sign this Instrument of Accession, we do so with clarity of purpose and confidence. Let this moment mark not only South Africa’s full membership of Afreximbank, but the activation of a partnership that delivers growth, transformation and opportunity for our country and for our continent,” President Ramaphosa said. – SAnews.gov.za 

 

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South Africa Joins Afreximbank, Announces US$8bn Country Programme

Source: APO

The Republic of South Africa has today officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), Africa’s leading Multilateral Financial Institution, marking the formal entry of one of Africa’s largest economies into the Bank’s membership, heralding deeper financial sovereignty. 

The accession follows the South African Parliament’s historic approval of the accession in 2025, cementing a strategic partnership between Africa’s leading multilateral Bank and the continent’s industrial powerhouse. South Africa becomes the 54th state to accede to the Bank’s Establishment Agreement, which constitutes a historic milestone as the two partners seek to unlock trade opportunities within a global financial architecture that is rapidly fragmenting due to protectionist policies and shifting trade blocks.

To operationalise this partnership, Afreximbank will launch major financial interventions in the Country. This includes a new US$8 billion Country Programme designed to deepen the South African economy. These programmes are tailored to expand the Bank’s developmental impact; enhance industrial development and regional supply chains and significantly boost intra-African trade and investment flows. This support is strategically aligned with South Africa’s economic ambitions.

As the continent’s highest regional contributor to intra African trade, accounting for 19.1% of the continent’s total trade in 2024 (http://apo-opa.co/4rqC5K7), South Africa is uniquely positioned to leverage Afreximbank’s trade infrastructure, expertise and pan African reach to extend its export relationships across the continent.

Dr George Elombi, President and Chairman of the Board of Directors of Afreximbank hailed South Africa’s membership as a ‘decisive step’ noting:

“This affirmation of the membership of South Africa in Afreximbank marks a decisive step towards uniting around the continent’s economic interests, the interests of our mother continent. South Africa’s membership of the Bank, while providing Afreximbank a full continental coverage, brings the country into the heart of Afreximbank’s vision and its aspirations to promote the change so much desired in the structure of Africa’s trade.

“I am therefore pleased that together with the South African Department of Trade, Industry and Competition (DTIC), under the leadership of Hon. Minister Parks Tau, we have put together what we consider an important package of US$8 billion for South Africa. The country programme is aligned with South Africa’s national development plan 2030 and national industrial and trade priorities, and targets key strategic areas.”

Dr Elombi added that Afreximbank’s current pipeline of projects in South Africa, at different stages of review, exceeds US$6 billion, spanning healthcare, financial services, manufacturing, energy, industrial and mining sectors.

Commenting on South Africa’s accession to Afreximbank, President of the Republic of South Africa, H.E. Cyril Ramaphosa said:

Today we mark a major milestone in our quest to realise what I would call the economic integration of our continent. South Africa’s accession to the African Export-Import Bank affirms our commitment to African industrial development and to deepening trade, investment and development across our continent. Once finalised, the South African-Afreximbank Country programme will be operationalised with a finance package that will initially support a range of strategic projects across the trade and industrial cluster. And one of those areas that we are going to focus on with immediate effect is to give muscle to our Transformation Fund, to support black businesses who, by the way, were held back by the apartheid system from being active participants in the economy of our country.”

President Ramaphosa added, “For more than 30 years, Afreximbank has demonstrated its own ability, its resilience, its innovative capability but it has more than that demonstrated that it has impact. This partnership will strengthen in more ways than one South Africa’s ability to support South African exporters, industrial projects and regional value chains while advancing our continent’s progress.”

Following the announcement, both South Africa and Afreximbank have resolved to jointly pursue trade and economic development programmes, key among them the South Africa-Africa Trade and Investment Promotion Programme (SATIPP), the Afreximbank Guarantee Programme, the financing of Industrial Parks and Special Economic Zones – not to mention export trading company financing – Project and Asset Based Finance, conventional trade finance, Afreximbank Project Preparation, and financing devised to support the creative and cultural industries, as well as a broad range of advisory services.

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), and Japan Credit Rating Agency (JCR) (A-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

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Qatar, Slovakia Hold Political Consultation Round

Source: Government of Qatar

Doha, February 04, 2026

The Ministries of Foreign Affairs of the State of Qatar and the Slovak Republic held Wednesday a round of political consultations in Doha.

HE Secretary-General of the Ministry of Foreign Affairs Dr. Ahmed bin Hassan Al Hammadi led Qatar’s side, while HE State Secretary of the Ministry of Foreign and European Affairs Marek Estok led Slovakia’s side.

The round of political consultation discussed cooperation relations between the two countries and ways to support and strengthen them.

It also witnessed the signing of an agreement between the government of the State of Qatar and the government of the Slovak Republic regarding the mutual exemption from entry visa requirements for holders of diplomatic, special and service passports.

Minister of State for International Cooperation Meets Palestinian Minister of Social Development, Acting Minister of Relief Affairs

Source: Government of Qatar

Doha | February 4, 2026

HE Minister of State for International Cooperation Dr. Maryam bint Ali bin Nasser Al Misnad holds a virtual meeting with HE Minister of Social Development and Acting Minister of Relief Affairs of the State of Palestine, Dr. Samah Hamad.

The meeting explores supporting and advancing bilateral cooperation between the two countries, particularly in the humanitarian field, as well as avenues for joint coordination in relief efforts and response to urgent humanitarian needs, especially in the Gaza Strip, contributing to mitigating the suffering of the brotherly Palestinian people.

HE Minister of State for International Cooperation underlines the State of Qatar’s unwavering humanitarian and development support for the Palestinian people, stemming from its enduring position in backing humanitarian issues and enhancing relief work in collaboration with regional and global partners.

For her part, HE Minister of Social Development and Acting Minister of Relief Affairs of the State of Palestine expresses gratitude for the leading humanitarian role the State of Qatar is undertaking, applauding its constant efforts in supporting relief and humanitarian programs directed toward the Palestinian people.

Minister of State for International Cooperation Meets Ambassador of France

Source: Government of Qatar

Doha | February 4, 2026

HE Minister of State for International Cooperation Dr. Maryam bint Ali bin Nasser Al Misnad met with HE Ambassador of the French Republic to the State of Qatar Arnaud Pescheux.

The meeting discussed bilateral cooperation and ways to advance it, in addition to other topics of mutual interest.

During the meeting, the French Ambassador expressed his country’s appreciation for the level of cooperation between the two countries as well as commended the Qatar Fund for Development’s efforts in supporting developing nations.