Soberania financeira de África: mobilizar capital institucional para o desenvolvimento e a resiliência

Source: Africa Press Organisation – Portuguese –

À medida que os fluxos globais de capital evoluem e a ajuda ao desenvolvimento tende a diminuir, África encontra-se num momento decisivo. A 28 de maio, durante os Encontros Anuais de 2025 do Grupo Banco Africano de Desenvolvimento (www.AfDB.org), líderes de alto nível, decisores políticos e especialistas financeiros reuniram-se para definir um novo rumo para o futuro financeiro do continente – um rumo baseado nos recursos e na criatividade africanos.

Organizado pelo Departamento de Mobilização de Recursos e Parcerias do Grupo Banco, em colaboração com a iniciativa Making Finance Work for Africa, sediada pelo Banco, este evento paralelo reuniu eminentes especialistas africanos.

Com uma queda de 10% na ajuda ao desenvolvimento e um recuo de 12% nos investimentos estrangeiros diretos, que caíram para 40 mil milhões de dólares, a urgência de mobilizar recursos internos torna-se premente. O continente enfrenta um déficit anual de financiamento de infraestruturas entre 68 e 108 mil milhões de dólares, atraindo apenas 2% dos investimentos globais neste setor.

“A verdadeira questão não é saber se o capital existe – ele existe. A questão é saber como mobilizá-lo em grande escala para investimentos produtivos e de alto impacto”, afirmou o vice-presidente do Grupo Banco Africano de Desenvolvimento responsável pelo Setor Privado, Infraestruturas e Industrialização, Solomon Quaynor.

“África não é pobre. Os nossos investidores institucionais – fundos de pensões, fundos soberanos, companhias de seguros e até bancos centrais – gerem coletivamente mais de 2,1 biliões de dólares em ativos”, afirmou Quaynor na abertura da sessão. “Se apenas 5% desses fundos fossem direcionados para infraestruturas e para o setor privado, isso permitiria libertar mais de 100 mil milhões de dólares de capital a longo prazo para o continente”, exemplificou.

Parcerias e inovação

O evento destacou modelos inovadores liderados por africanos para mobilizar capital institucional. Por exemplo, a InfraCredit Nigeria, uma instituição pioneira em reforço de crédito, ajudou a garantir mais de 300 milhões de dólares em financiamento de longo prazo em moeda local para projetos de infraestruturas.

“O risco real associado aos ativos de infraestrutura é muitas vezes sobrestimado. Não registámos nenhuma perda na carteira de mais de 20 projetos em 12 setores em oito anos”, garantiu Chinua Azubike, diretor-geral da InfraCredit.

Tafara Ethiopis, vice-presidente da Sociedade Financeira Internacional (SFI, filial do Banco Mundial para o setor privado) para África, insistiu na necessidade de reforçar a bancabilidade dos projetos através de mecanismos de partilha de riscos mais eficazes.

“É essencial calibrar corretamente a distribuição de riscos e benefícios entre os setores público e privado para que os projetos sejam financiáveis”, sublinhou.

Os intervenientes identificaram também os principais obstáculos à mobilização de capital institucional e propuseram soluções concretas. Boitumelo Mosako, diretora-geral do Banco de Desenvolvimento da África Austral (DBSA), destacou o papel central da boa governação e da preparação rigorosa dos projetos. “É necessário investir em mecanismos de preparação de projetos para estruturá-los, reduzir os riscos e torná-los atraentes para os investidores institucionais”, alertou.

O diretor-geral da Comissão de Valores Mobiliários da Nigéria (SEC), Timi Agama, insistiu na importância das reformas regulamentares, da proteção dos investidores e da educação financeira: “Para libertar o capital doméstico, é preciso instaurar a confiança. Isso passa por mecanismos de supervisão, mas também por uma educação financeira aprofundada”.

Denis Charles Kouassi, diretor-geral da Caixa Nacional de Proteção Social da Costa do Marfim, destacou a alinhamento estratégico dos fundos de pensões com as prioridades de desenvolvimento nacionais: “Todos os produtos que geramos são reinvestidos diretamente na economia nacional para financiar os nossos serviços e estimular o crescimento”, afirmou.

Um apelo à ação coletiva

Mosako apelou a uma maior integração regional e a uma maior colaboração dentro do continente africano: “Sim, precisamos de governação e responsabilização, mas, como africanos, também temos de aprender a confiar uns nos outros”, salientou.

O Departamento de Mobilização de Recursos e Parcerias do Grupo Banco Africano de Desenvolvimento está a levar a cabo várias ações destinadas a mobilizar o capital institucional africano, nomeadamente através de instrumentos como o Fundo Fiduciário para o Desenvolvimento dos Mercados de Capitais e parcerias estratégicas com partes interessadas regionais e mundiais.

“O momento exige visão. Exige também inovação. E, acima de tudo, exige ação”, defendeu Solomon Quaynor. “Vamos reunir o nosso capital, as nossas ideias e a nossa vontade para construir uma África onde as infraestruturas se tornem alavancas, e não obstáculos, à prosperidade”.

A sessão foi moderada por Victor Oladokun, conselheiro principal do presidente do Grupo Banco Africano de Desenvolvimento para a comunicação e o envolvimento das partes interessadas.

Distribuído pelo Grupo APO para African Development Bank Group (AfDB).

Para ver as fotos desta sessão, clique aqui (https://apo-opa.co/4f1e4og).

Sobe o Grupo Banco Africano de Desenvolvimento:
O Grupo Banco Africano de Desenvolvimento é a principal instituição financeira de desenvolvimento em África. Inclui três entidades distintas: o Banco Africano de Desenvolvimento (AfDB), o Fundo Africano de Desenvolvimento (ADF) e o Fundo Fiduciário da Nigéria (NTF). Presente no terreno em 41 países africanos, com uma representação externa no Japão, o Banco contribui para o desenvolvimento económico e o progresso social dos seus 54 Estados-membros. Mais informações em www.AfDB.org

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Africa’s financial sovereignty: Mobilizing institutional capital for development and resilience

Source: APO

As global capital flows evolve and development assistance dwindles, Africa finds itself at a critical point. On 28 May, during the African Development Bank Group’s 2025 Annual Meetings (www.AfDB.org), senior leaders, policymakers and financial experts gathered to chart a new course for the continent’s financial future – one based on mobilizing and deploying African resources and ingenuity.

Organized by the Bank Group’s Resource Mobilization and Partnerships Department, in collaboration with the Bank’s Making Finance Work for Africa initiative, this side event brought together leading African experts in a conversation moderated by Victor Oladokun, Senior Advisor to the President of the African Development Bank Group for Communication and Stakeholder Engagement.

With a 10 percent decline in development assistance and a 12 percent drop in foreign direct investment to USD 40 billion {in what period, and what’s the source of the data?}, the urgency of mobilizing domestic resources is pressing. The continent faces an annual infrastructure funding gap of between USD 68 billion and USD 108 billion, while attracting only 2 percent of global investment in this sector {Source?}.

“The real question is not whether the capital exists – it does. The question is how to mobilize it on a large scale for productive, high-impact investments,” said Solomon Quaynor, the African Development Bank Group’s Vice-President for Private Sector, Infrastructure & Industrialization.

He added, “Africa is not poor. Our institutional investors – pension funds, sovereign wealth funds, insurance companies, and even central banks – together manage more than USD 2.1 trillion in assets. If just 5 percent of these funds were directed towards infrastructure and the private sector, it would unlock more than USD 100 billion in long-term capital for the continent.”

Partnerships and innovation

The event highlighted some innovative African-led models for mobilizing institutional capital. For example, InfraCredit Nigeria, a pioneering credit enhancement institution, has secured more than USD 300 million in long-term financing in local currency for infrastructure projects.

“The real risk associated with infrastructure assets is often overestimated. We have not recorded any losses on a portfolio of more than 20 projects in 12 sectors in eight years,” said Chinua Azubike, CEO of InfraCredit.

Tafara Ethiopis, Vice President of the International Finance Corporation (IFC, the World Bank’s private-sector arm) for Africa, emphasized the need to strengthen the bankability of projects through more effective risk-sharing mechanisms. “It is essential to calibrate the distribution of risks and benefits between the public and private sectors properly to make projects bankable,” he said.

Speakers also identified obstacles to mobilizing institutional capital and proposed solutions. Boitumelo Mosako, CEO of the Development Bank of Southern Africa (DBSA), highlighted the central role of good governance and rigorous project preparation in lowering risk and improving investor confidence.

The Director General of Nigeria’s Securities and Exchange Commission (SEC), Timi Agama, stressed the importance of building trust through regulatory reforms, investor protection and financial education.

Denis Charles Kouassi, CEO of Côte d’Ivoire’s National Social Security Fund, underscored the importance of aligning pension funds with national development priorities, saying, All the income we generate is reinvested directly into the national economy to finance our services and boost growth.”

A call for collective action

The Resource Mobilization and Partnerships Department of the African Development Bank Group is leading several initiatives aimed at mobilizing African institutional capital, including through instruments such as the Capital Markets Development Trust Fund, and strategic partnerships with regional and global stakeholders.

“Yes, we need governance and accountability. But as Africans, we also need to learn to trust each other,” said Mosako.

“The moment calls for vision. It also calls for innovation. And above all, it calls for action,” Quaynor affirmed, in his concluding remarks. “Let us pool our capital, our ideas, and our will, to build an Africa where infrastructure becomes a lever for prosperity, not a drag on it.”

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

To view photos from this session, click here (https://apo-opa.co/4f1e4og).

About the African Development Bank Group:
The African Development Bank Group is Africa’s leading development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Represented in 41 African countries, with an external office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member countries. For more information: www.AfDB.org

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Souveraineté financière de l’Afrique : mobiliser le capital institutionnel pour le développement et la résilience

Source: Africa Press Organisation – French

Alors que les flux mondiaux de capitaux évoluent et que l’aide au développement tend à s’amenuiser, l’Afrique se trouve à un tournant décisif. Le 28 mai, lors des Assemblées annuelles 2025 du Groupe de la Banque africaine de développement (www.AfDB.org), des dirigeants de haut niveau, des décideurs politiques et des experts financiers se sont réunis pour définir une nouvelle trajectoire pour l’avenir financier du continent — une trajectoire fondée sur les ressources et l’ingéniosité africaines.

Organisé par le département de la Mobilisation des ressources et des Partenariats du Groupe de la Banque, en collaboration avec l’initiative Making Finance Work for Africa hébergée par la Banque, cet événement parallèle a réuni d’éminents experts africains.

Avec une baisse de 10 % de l’aide au développement et un recul de 12 % des investissements directs étrangers, tombés à 40 milliards de dollars, l’urgence de mobiliser les ressources domestiques devient pressante. Le continent fait face à un déficit annuel de financement des infrastructures compris entre 68 et 108 milliards de dollars, tout en n’attirant que 2 % des investissements mondiaux dans ce secteur.

« La vraie question n’est pas de savoir si le capital existe — il existe. La question est de savoir comment le mobiliser à grande échelle vers des investissements productifs et à fort impact », a déclaré le vice-président du Groupe de la Banque africaine de développement chargé du Secteur privé, de l’Infrastructure et de l’Industrialisation, Solomon Quaynor.

« L’Afrique n’est pas pauvre. Nos investisseurs institutionnels — caisses de retraite, fonds souverains, compagnies d’assurances, et même banques centrales — gèrent collectivement plus de 2 100 milliards de dollars d’actifs, a indiqué M. Quaynor à l’ouverture de la session. Si seulement 5 % de ces fonds étaient dirigés vers les infrastructures et le secteur privé, cela permettrait de libérer plus de 100 milliards de dollars de capitaux à long terme pour le continent ».

Partenariats et innovation

L’événement a mis en lumière des modèles innovants dirigés par des Africains pour mobiliser le capital institutionnel. Par exemple, InfraCredit Nigeria, une institution pionnière de rehaussement de crédit, a permis de sécuriser plus de 300 millions de dollars de financements à long terme en monnaie locale pour des projets d’infrastructure.

« Le risque réel lié aux actifs d’infrastructure est bien souvent surestimé. Nous n’avons enregistré aucune perte sur un portefeuille de plus de 20 projets dans 12 secteurs en huit ans », a affirmé M. Chinua Azubike, directeur général d’InfraCredit.

Tafara Ethiopis, vice-président de la Société financière internationale (SFI, filiale de la Banque mondiale pour le secteur privé) pour l’Afrique, a insisté sur la nécessité de renforcer la bancabilité des projets grâce à des mécanismes de partage des risques plus efficaces.

« Il est essentiel de calibrer correctement la répartition des risques et des bénéfices entre les secteurs public et privé pour que les projets soient bancables », a-t-il souligné.

Les intervenants ont également identifié les principaux freins à la mobilisation du capital institutionnel et proposé des solutions concrètes. Boitumelo Mosako, directrice générale de la Banque de développement d’Afrique australe (DBSA), a souligné le rôle central de la bonne gouvernance et de la préparation rigoureuse des projets. « Il faut investir dans les mécanismes de préparation des projets pour les structurer, les dé-risquer et les rendre attractifs pour les investisseurs institutionnels », a-t-elle insisté.

Le directeur général de la Commission des valeurs mobilières du Nigéria (Securities and Exchange Commission, SEC), Timi Agama, a insisté sur l’importance des réformes réglementaires, de la protection des investisseurs et de l’éducation financière : « Pour libérer les capitaux domestiques, il faut instaurer la confiance. Cela passe par des mécanismes de supervision, mais aussi par une éducation financière approfondie. »

 Denis Charles Kouassi, directeur général de la Caisse nationale de prévoyance sociale de Côte d’Ivoire, a, quant à lui, mis en avant l’alignement stratégique des fonds de pension avec les priorités de développement nationales : « Tous les produits que nous générons sont réinvestis directement dans l’économie nationale afin de financer nos services et stimuler la croissance. »

Un appel à l’action collective

Mme Mosako a appelé à une plus grande intégration régionale et à davantage de collaboration intra-africaine &    : « Oui, nous avons besoin de gouvernance et de redevabilité. Mais en tant qu’Africains, nous devons aussi apprendre à nous faire mutuellement confiance. »

Le Département de la mobilisation des ressources et des partenariats du Groupe de la Banque africaine de développement mène plusieurs actions visant à mobiliser le capital institutionnel africain, notamment à travers des instruments tels que le Fonds fiduciaire pour le développement des marchés de capitaux et des partenariats stratégiques avec les parties prenantes régionales et mondiales.

« Le moment exige une vision. Il exige aussi de l’innovation. Et surtout, il exige de l’action, a conclu Solomon Quaynor. Mettons en commun nos capitaux, nos idées, et notre volonté pour bâtir une Afrique où les infrastructures deviennent des leviers, et non des freins, à la prospérité. »

La session a été modérée par Victor Oladokun, conseiller principal du président du Groupe de la Banque africaine de développement pour la communication et l’engagement des parties prenantes.

Distribué par APO Group pour African Development Bank Group (AfDB).

Pour voir les photos de cette session cliquez ici (https://apo-opa.co/4f1e4og).

À propos du Groupe de la Banque africaine de développement :
Groupe de la Banque africaine de développement est la principale institution du financement du développement en Afrique. Il comprend trois entités distinctes : la Banque africaine de développement (BAD), le Fonds africain de développement (FAD) et le Fonds spécial du Nigeria (FSN). Représentée dans 41 pays africains, avec un bureau extérieur au Japon, la Banque contribue au développement économique et au progrès social de ses 54 Etats membres régionaux. Pour plus d’informations: www.AfDB.org

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Keynote address by Deputy President Shipokosa Paulus Mashatile at the South Africa – China Investment Forum during the CISCE visit to China

Source: President of South Africa –

Programme Director, Mr Lester Bouah;
Ministers and Deputy Ministers;
Mr Wang Shaodan, Chairman of the China-Africa Development Fund;
Business leaders;
Distinguished guests;
Ladies and gentleman,

It is a great honour to address you today at the South Africa China Investment Forum in this beautiful city of Beijing. I would like to extend my sincerest gratitude to our hosts for organising this important gathering that aims to strengthen economic ties between our two nations.

Together with delegates from South Africa, we have been here for about a week, and during this time, we were privileged to be able to participate in the third China International Supply Chain Expo (CISCE). This event afforded us an opportunity to showcase the most recent advancements in supply chain management.

We have also come here as part of reflecting on the evolving strategic trajectory of the South Africa–China relationship and reaffirming both countries’ commitment to deepening mutual cooperation in support of inclusive economic growth and sustainable development.

As South Africa, we want to continue to build on the economic relations that have seen substantial growth since the establishment of diplomatic ties in 1998.  We value this longstanding relationship because it has been established on a shared vision for a prosperous future.

It goes without saying that this relationship is solid; we are both part of the BRICS economic partnership, along with Brazil, Russia, and India.

Additionally, both our nations participate in various other multilateral institutions, including the United Nations and the G20, where we collaborate on global issues and promote the interests of developing countries.

While the relationship has benefited both nations by increasing trade and investment, there are some drawbacks, such as a continuing trade deficit that favours China.

South Africa’s trade imbalance with China is mostly attributable to the nature of our trading relationship. South Africa mainly exports raw materials and minerals while importing manufactured goods and capital goods from China.

To put it in numbers, South Africa’s trade deficit with China has risen from less than USD 1 billion between 1988 and 2000 to USD 9.71 billion by 2023.  Since FOCAC’s inception, this trade imbalance has resulted in an accumulated cash outflow of USD 114.83 billion from South Africa to China.

This calls for urgent actions between our two countries to ensure a mutually beneficial outcome. We need to develop a more coordinated and strategic approach. We need to address challenges such as access to the Chinese market due to factors like tariff and non-tariff barriers, distance, and competition from other countries.

Addressing these challenges necessitates expanding South Africa’s export portfolio, encouraging value-added exports, and establishing a more balanced trade relationship. As I indicated at the working dinner yesterday, we need to expand partnerships in various sectors.

It is through strategic trade and investment partnerships with China that we can both create a balance and subsequently play a significant role towards South Africa’s economic growth, job creation, and overall development.

The bilateral economic trade and investment exchanges between the two nations have consistently expanded over the past two decades, with China serving as South Africa’s largest trading partner.

We recognise with gratitude that Chinese investment in South Africa has included several businesses and key sectors, including banking, manufacturing, and renewable energy.

There have been a great deal of advantages for South African sectors in China.

South Africa’s mineral exports, agricultural commodities, and manufactured items have achieved significant penetration in the Chinese market.

Moreover, there has been a steady flow of investment from Chinese companies since the announcement of President Ramaphosa’s Investment Mobilisation Drive.

This investment forum offers an additional opportunity to strengthen the investment relationship by facilitating exchanges and sector-specific discussions aimed at exploring the many available investment opportunities.

A major significant investment was by the Industrial and Commercial Bank of China (ICBC) which purchased a 20% stake in the assets and earnings of Standard Bank, one of South Africa’s largest banks, for USD 5,5 billion.

Another major Chinese electronics manufacturer, Hi-Sense, entered the South African market in 1997. In 2013, the company established an industrial park.

Other Chinese flagship companies such as Zhong Xing Communications (ZTE) and Huawei Technologies are also expanding their presence in South Africa. Over the last decade, 48 Chinese companies invested in South Africa with a capital investment of over USD 11, 69 billion.

As South Africa-China relations continue to deepen, new opportunities emerge for Chinese businesses seeking to enter the South African market, particularly in sectors such as renewable energy, green hydrogen, energy storage, infrastructure and logistics, our special economic zones, pharmaceuticals and medical devices, and the beneficiation of critical minerals, as well as in the digital economy.

Ladies and gentlemen,

Allow me to outline in detail these opportunities, which I feel are relevant to our areas of interest and where we want trade and investment collaborations with China.

We seek to attract investments to increase Green Field Investments, Infrastructure Investments, Unlock Funding or Financial Support, Partnerships with SOEs, Technology Transfer and Innovation Partnerships, Investments in Special Economic Zones (SEZs) and Industrial Parks, Black Industrialist Partnerships, as well as capacity and technical assistance for SEZs.

Our SEZs offer an internationally competitive value proposition for the country with an attractive suite of incentives. They are located across the country, and each SEZ has unique offerings for investors, some of which could include tax relief, reduced corporate rate taxes and reduced costs for key inputs such as land, water and electricity.

South Africa’s economic recovery, renewal, and expansion momentum is being catalysed by a massive rollout of investment across the energy, water, road, rail, ports, telecommunications, and digital sectors, as well as community and social infrastructure segments.

The strong focus for investments is on transport & logistics, as well as  energy & water to expand capacity and improve efficiencies.

We are also undertaking significant reforms in our rail sector to modernise and revitalise our system for both freight and passenger transport.   

A white paper on national rail policy has been developed and adopted. It outlines a framework for restructuring the rail market, including third-party access and the establishment of the Economic Regulator of Transport.

We have also developed a National Rail Master Plan which outlines South Africa’s long-term vision for the rail network and guides the reform process, including legislation to facilitate private sector involvement.

Key reforms include introducing private sector participation, restructuring Transnet, and establishing an independent rail regulator.

The aim is to create a more competitive and efficient rail network.

Ladies and gentlemen, I must highlight that we have an infrastructure investment plan in place to drive a range of projects in six sectors of our economy: energy, water and sanitation, transport, digital infrastructure, human settlements, and agriculture and agro-processing.

The plan is supported by an Infrastructure Fund, offering investment opportunities in water development and irrigation projects across nine provinces, a road network expansion, a rehabilitation and maintenance program for construction companies, and high-demand spectrum.

Furthermore, we are on a path to revolutionise our energy sector in pursuit of low-carbon, climate resilient development and are actively seeking investment in the energy sector with a particular focus on renewables and green hydrogen. Key reforms include the Electricity Regulation Amendment Act, which paves the way for a more competitive and open electricity market, and the diversification of the energy mix, including increased investment in renewable energy sources.

As we undertake this just and inclusive energy transition, we see many opportunities for growth and job creation in the green economy.  We have introduced policies to promote the development of the electric vehicle industry in South Africa.

We are certain that Chinese companies will find South Africa a unique and advantageous location that can serve as a hub to reach other markets.

Over the past few years, regulatory changes have stimulated substantial new investment in electricity generation capacity, mainly from renewable sources.  We now have a pipeline of over 130 confirmed private sector energy projects that will produce approximately 22 500 MW of electricity.

We are also making significant investments in our electricity transmission infrastructure.

South Africa’s reforms in the minerals sector, particularly through the Mineral and Petroleum Resources Development Act of 2002, have been aimed at fundamentally restructuring the industry.

We are currently working on a new Mineral Resources Bill, which aims to address some of the challenges with the current legislation, including streamlining regulations, enhancing investor confidence, and fighting illegal mining activities.

South Africa has also developed a Critical Minerals and Metals Strategy, identifying minerals crucial for economic growth, industrial development, and national security.

South Africa is abundant in renewable energy resources and has significant deposits of minerals needed to drive green growth, and we are well-positioned to be a leader in the green energy and related industries.

We are fortunate to hold the world’s largest reserves of platinum group metals, giving us a competitive advantage for the production of sustainable energy technologies, including electric vehicles, new energy vehicles, and renewable energy components.

With the track record of China in developing and implementing innovative renewable energy solutions, together, we can create sustainable and environmentally friendly energy solutions that benefit both our countries.  By working together, we can create value chains that are mutually beneficial, leading to job creation and economic growth.

I therefore encourage Chinese businesses to partner with us in this regard.

We are also developing the value chains and have significant reserves of critical energy transition minerals as we position ourselves to be at the forefront of the green energy revolution.

South Africa presents a great opportunity for Chinese companies to deepen their global value chains. We call on Chinese companies to take advantage of the numerous investment opportunities. With the capabilities that your companies have, we encourage you to play a more active role in our economy for mutual benefit.

Another area of investment is pharmaceuticals and medical devices. South Africa’s significant reliance on imported medicines and medical devices, along with robust market growth, presents appealing potential for investors seeking to establish onshore pharmaceutical and medical equipment production.

I would like to conclude by encouraging investors who are interested in expanding to the rest of the African continent to capitalise on the African Continental Free Trade Area, which is anticipated to provide access to the African market for companies in the pharmaceutical and medical device sectors and infrastructure.

The growth of the South African economy supports the African Continental Free Trade Area that opens access to a market of over 1.3 billion people and will drive a new era of industrialisation in South Africa and across the continent.

Ladies and gentlemen, I would like to reiterate that South Africa is a country that offers a wealth of options to explore across several major areas.

Let us collaborate to exploit this immense, uncharted potential across South Africa’s diverse sectors, paving the way for economic prosperity in both our nations and making a meaningful impact on global growth.

I thank you.

Maurícias: Banco Africano de Desenvolvimento defende reformas ousadas para desbloquear capital e acelerar o crescimento sustentável em relatório de 2025

Source: Africa Press Organisation – Portuguese –

O Banco Africano de Desenvolvimento (www.AfDB.org) instou as Maurícias a acelerarem as reformas estruturais para desbloquear o seu vasto potencial de capital e promover o crescimento sustentável a longo prazo. O Banco fez este apelo durante o lançamento do seu Relatório Económico Nacional de 2025 para as Maurícias, intitulado ‘Usar o capital das Maurícias para potenciar o seu desenvolvimento’.

O relatório observa que, embora as Maurícias continuem a apresentar um forte desempenho económico – registando um crescimento real do PIB de 4,9% em 2024, ligeiramente abaixo dos 5% de 2023 – ,as restrições estruturais e os choques externos continuam a comprometer a trajetória de crescimento do país. Os principais motores do crescimento em 2024 incluíram a construção, os serviços financeiros, o comércio e o turismo, onde as chegadas atingiram 1,38 milhões, representando 97% dos níveis pré-pandemia. Do lado da procura, o consumo e o investimento foram os principais contribuintes para o crescimento.

Apesar dos desafios persistentes, o relatório destaca o significativo potencial inexplorado das Maurícias. Em 2020, a riqueza nacional total da nação insular foi estimada em mais de 96 mil milhões de dólares – mais de seis vezes o seu PIB – incluindo capital humano, financeiro, natural e produzido. Além disso, os vastos recursos da economia oceânica das Maurícias, dentro da sua Zona Económica Exclusiva de 2,3 milhões de km², oferecem imensas oportunidades para o desenvolvimento de uma economia azul sustentável.

No seu discurso no evento de lançamento, Mahess Rawoteea, vice-secretário financeiro do Ministério das Finanças, acolheu as recomendações do relatório. “Estamos confiantes de que as reformas estruturais delineadas no discurso sobre o orçamento para 2025-2026 irão desbloquear investimentos significativos, particularmente em energia renovável, e contribuir para um maior crescimento do PIB”, afirmou.

Rawoteea enfatizou o papel central do capital humano no desenvolvimento das Maurícias, ao mesmo tempo que reconheceu desafios persistentes, tais como a qualidade da educação, a inadequação das competências, a baixa participação feminina no mercado de trabalho, as mudanças demográficas e a emigração dos jovens. Anunciou a criação de uma Unidade de Financiamento Climático no Ministério das Finanças para ajudar a colmatar o défice de financiamento climático do país.

“As Maurícias estão a empreender reformas institucionais para mobilizar melhor o capital nacional e estrangeiro e promover o desenvolvimento sustentável”, acrescentou. “Estamos a simplificar processos, a aumentar a transparência e a melhorar a facilidade de fazer negócios; a proteção ambiental, incluindo o combate à erosão das praias, também é uma prioridade fundamental”, salientou.

Rawoteea expressou o seu apreço pelo apoio do Banco Africano de Desenvolvimento, particularmente na mobilização de investimentos em energias renováveis e na economia oceânica – dois setores identificados como pilares do crescimento futuro.

No seu discurso, o Prof. Kevin Urama, economista-chefe e vice-presidente de Governação Económica e Gestão do Conhecimento do Grupo Banco, enfatizou o potencial mais amplo de transformação de África. “Se África se comprometer a investir no seu próprio desenvolvimento e a gerir os seus ativos de forma eficiente, poderá reduzir a dependência externa e aproveitar o seu enorme capital para um crescimento transformador”, defendeu.

Urama citou a fraca administração fiscal e as ineficiências na cobrança de receitas como os principais obstáculos ao desenvolvimento, instando a uma revisão fundamental da gestão das finanças públicas em todo o continente.

Wolassa Kumo, economista principal do Banco para as Maurícias, apresentou uma visão geral do relatório. O evento de lançamento atraiu altos funcionários governamentais, parceiros de desenvolvimento, líderes do setor privado e representantes da sociedade civil.

Entre os participantes estavam Hervé Lohoues, Diretor da Divisão do Departamento de Economia Nacional do Banco para a Nigéria, África Oriental e África Austral, e Nontle Kabanyane, Diretora Principal do Programa Nacional do Banco, que moderou um painel de discussão.

O painel explorou estratégias para mobilizar o capital interno de forma mais eficaz, reforçando as instituições, melhorando os quadros regulamentares, aumentando a transparência e a responsabilização e aprofundando a integração comercial regional. Os painelistas incluíram:

  • Dr. Zyaad Boodoo, Ministério do Ambiente, Gestão de Resíduos Sólidos e Alterações Climáticas (capital natural), Maurícias
  • Sr. Sanjev Bhonoo, Estatístico Principal, Estatísticas da Maurícia (capital natural)
  • Sr. Ricaud M. Auckbur, Diretor Técnico, Ministério da Educação e Recursos Humanos (capital humano), Maurícias
  • Sra. Zaahira Ebramjee, Chefe de Colaboração Económica Nacional, Business Mauritius (capital empresarial)
  • Sr. Vikram Ramful, Chefe de Listagem, Bolsa de Valores das Maurícias (capital financeiro)

Clique aqui (https://apo-opa.co/3IOyaWs) para descarregar o relatório.

Distribuído pelo Grupo APO para African Development Bank Group (AfDB).

Contacto para os media:
Emeka Anuforo
Departamento de Comunicação e Relações Externas
media@afdb.org

Sobre o Banco Africano de Desenvolvimento:
O Grupo Banco Africano de Desenvolvimento é a principal instituição financeira de desenvolvimento em África. Inclui três entidades distintas: o Banco Africano de Desenvolvimento (AfDB), o Fundo Africano de Desenvolvimento (ADF) e o Fundo Fiduciário da Nigéria (NTF). Presente no terreno em 41 países africanos, com uma representação externa no Japão, o Banco contribui para o desenvolvimento económico e o progresso social dos seus 54 Estados-membros. Mais informações em www.AfDB.org/pt

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Mauritius: African Development Bank Urges Bold Reforms to Unlock Capital and Accelerate Sustainable Growth in 2025 Report

Source: APO

The African Development Bank (www.AfDB.org) has urged Mauritius to accelerate structural reforms to unlock its vast capital potential and advance long-term, sustainable growth. The Bank made the call during the launch of its 2025 Country Focus Report for Mauritius, titled “Making Mauritius’ Capital Work Better for its Development.”

The report notes that while Mauritius continues to post strong economic performance—recording real GDP growth of 4.9% in 2024, slightly down from 5% in 2023—structural constraints and external shocks continue to undermine the country’s growth trajectory. Key growth drivers in 2024 included construction, financial services, trade, and tourism, with arrivals reaching 1.38 million, representing 97% of pre-pandemic levels. On the demand side, consumption and investment were the primary drivers of growth.

Despite the persistent challenges, the report underscores Mauritius’ significant untapped potential. In 2020, the island nation’s total national wealth was estimated at over $96 billion—more than six times its GDP—comprising human, financial, natural, and produced capital. In addition, Mauritius’ vast ocean economy resources, within its 2.3 million km² Exclusive Economic Zone, offer immense opportunities for developing a sustainable blue economy.

Speaking at the launch event, Mahess Rawoteea, Deputy Financial Secretary at the Ministry of Finance, welcomed the recommendations in the report. “We are confident that the structural reforms outlined in the 2025–2026 Budget Speech will unlock significant investments, particularly in renewable energy, and contribute to higher GDP growth,” he said.

Rawoteea emphasized the central role of human capital in Mauritius’ development, while acknowledging persistent challenges such as education quality, skills mismatches, low female labor participation, demographic shifts, and youth emigration. He announced the establishment of a Climate Finance Unit within the Ministry of Finance to help bridge the country’s climate financing gap.

“Mauritius is undertaking institutional reforms to better mobilize domestic and foreign capital and promote sustainable development,” he added. “We are streamlining processes, enhancing transparency, and improving the ease of doing business. Environmental protection, including addressing beach erosion, is also a key priority.”

Rawoteea expressed appreciation for the African Development Bank’s support, particularly in mobilizing investments in renewable energy and the ocean economy—two sectors identified as future growth pillars.

In his keynote remarks, Prof. Kevin Urama, the Bank Group’s Chief Economist and Vice President for Economic Governance and Knowledge Management, emphasized Africa’s broader potential for transformation. “If Africa commits to investing in its own development and managing its assets efficiently, it can reduce external dependency and harness its enormous capital for transformative growth,” he said.

Urama cited weak tax administration and inefficiencies in revenue collection as major constraints to development, urging a fundamental rethink of public financial management across the continent.

Wolassa Kumo, the Bank’s Principal Country Economist for Mauritius presented an overview of the report. The launch event attracted senior government officials, development partners, private sector leaders, and civil society representatives.

Among those in attendance were Hervé Lohoues, the Bank’s Division Manager for the Country Economics Department covering Nigeria, East Africa and Southern Africa, and Nontle Kabanyane, the Bank’s Principal Country Programme Officer, who moderated a panel discussion.

The panel explored strategies for mobilizing domestic capital more effectively by strengthening institutions, improving regulatory frameworks, increasing transparency and accountability, and deepening regional trade integration. Panelists included:

  • Dr. Zyaad Boodoo, Ministry of Environment, Solid Waste Management and Climate Change (natural capital), Mauritius?
  • Mr. Sanjev Bhonoo, Principal Statistician, Statistics Mauritius (natural capital)
  • Mr. Ricaud M. Auckbur, Chief Technical Officer, Ministry of Education and Human Resources (human capital), Mauritius?
  • Ms. Zaahira Ebramjee, Head of National Economic Collaboration, Business Mauritius (business capital)
  • Mr. Vikram Ramful, Head of Listing, Stock Exchange of Mauritius (financial capital)

Click here (https://apo-opa.co/46KmHkM) to download the report.

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

Media Contact:
Emeka Anuforo
Communication and External Relations Department
media@afdb.org

About the African Development Bank Group:
The African Development Bank Group is Africa’s leading development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Represented in 41 African countries, with an external office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member countries. For more information: www.AfDB.org

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’Our Constitution should make us proud to be South African’ – President Ramaphosa

Source: Government of South Africa

In a robust Budget Vote debate reply, President Cyril Ramaphosa highlighted the achievements and challenges of South Africa’s young democracy, emphasising the importance of the Government of National Unity (GNU) and the country’s world-renowned Constitution. 

The President’s response to the debate underscored the nation’s democratic progress, with the President pointing out that despite being only 31 years old, the democracy has made substantial improvements in citizens’ lives.

“We are counted as amongst the few [countries] who have the type of Constitution that we have, that upholds our people’s rights, where our people can even challenge government and take government to court and hope to win. And at times, they win. That is not easily allowed in many other countries, but that is what should make us proud to be South Africans,” he said on Thursday.

President Cyril Ramaphosa replied to the Presidency Budget Vote in Parliament after a day-long debate that took place yesterday.

President Ramaphosa noted the significance of the GNU, composed of 10 political parties, which has “continued to hold, even as it has had to weather many a storm”.

“And yet, despite those differences, the GNU partners have chosen to work together for the common good of all South Africans. It is a Government of National Unity.”

He also took the time to discuss the country’s advancements in creating a better life for everyone and efforts to tackle historical racial disparities.

“Yesterday, Honourable [John] Hlophe gave a laundry list of everything wrong in this country, and we are alive to the many challenges that we face. At the same time, we should not lose sight of the fact that this democracy, only 31 years old, has made great progress in improving the quality of life of its citizens, not to the level we want, [but] it has improved the life of its citizens. 

“Some countries in the world have democracies dating back hundreds, even thousands of years. Our democracy, by comparison, is still very young.” 

Highlighting concrete achievements, the country’s commander-in-chief cited millions of homes electrified, clean water provided to communities, and public housing for vulnerable populations. 

He also took the time to address historical economic inequalities, discussing the Carnegie Report’s impact on white economic advancement, cited by the Freedom Front Plus’ Member of Parliament. 

According to the country’s Head of State, the Carnegie Report into the “poor white problem” is “not a useful guide, as we confront the challenges of the democratic South Africa”.

He underscored that there was a huge disparity between the resources devoted to white schools and universities, white hospitals and clinics. 

“More was spent on social grants, housing, agricultural support and social services for whites. When you were dispossessed of your land, it was the State that gave you the land, and today, black people do not have the land, and it is the State that must help them to get that land.”

The President’s reply also stressed the importance of accountability and collaborative governance, with the Presidency positioned as a strategic coordinator rather than an implementing department. 

“The Presidency, and indeed the President, does not try accused persons or put them in orange overalls. 

“The role of the Presidency is to ensure that the work of government departments is coordinated, and that Cabinet decisions and priority programmes are implemented.”

The President noted that 73% of employment comes from the private sector, underlining the need for government to create an enabling environment for economic growth.

The debate demonstrated South Africa’s commitment to open dialogue, repeatedly stressing the importance of honest discussion about the country’s past, while working towards a more equitable future. 

The debate underscored the need for collective action to build a capable, ethical State and improve the quality of life for citizens. – SAnews.gov.za

Maurice : la Banque africaine de développement préconise dans son rapport économique 2025 des réformes audacieuses pour débloquer des capitaux et accélérer la croissance durable

Source: Africa Press Organisation – French

La Banque africaine de développement (www.AfDB.org) a exhorté l’Île Maurice à accélérer les réformes structurelles pour libérer son vaste potentiel de capital et faire progresser la croissance durable à long terme. L’appel a été lancé lors du lancement du Rapport économique pays 2025 de la Banque pour l’Île Maurice, intitulé « Tirer le meilleur parti du capital de Maurice pour favoriser son développement. »

Le rapport note que, si Maurice continue d’afficher de solides performances économiques –croissance du PIB réel de 4,9 % en 2024, en légère baisse par rapport aux 5 % de 2023 — les contraintes structurelles et les chocs extérieurs continuent de saper la trajectoire de croissance du pays. Les principaux moteurs de la croissance en 2024 ont été la construction, les services financiers, le commerce et le tourisme, où les arrivées ont atteint 1,38 million, soit 97 % des niveaux d’avant la pandémie. Du côté de la demande, la consommation et l’investissement ont été les principaux contributeurs à la croissance.

Malgré les défis persistants, le rapport souligne l’important potentiel inexploité de Maurice. En 2020, la richesse nationale totale du pays insulaire a été estimée à plus de 96 milliards de dollars — plus de six fois son PIB — comprenant le capital humain, financier, naturel et produit. En outre, les vastes ressources de l’économie océanique de Maurice, dans sa zone économique exclusive de 2,3 millions de km², offrent d’immenses possibilités de développement d’une économie bleue durable.

S’exprimant lors de la cérémonie de lancement, Mahess Rawoteea, secrétaire adjoint aux finances au ministère des Finances, a salué les recommandations du rapport. « Nous sommes convaincus que les réformes structurelles décrites dans le discours sur le budget 2025-2026 permettront de débloquer des investissements importants, notamment dans les énergies renouvelables, et contribueront à une croissance plus élevée du PIB », a-t-il déclaré.

M. Rawoteea a souligné le rôle central du capital humain dans le développement de l’Île Maurice, tout en reconnaissant les défis persistants, tels que la qualité de l’éducation, l’inadéquation des compétences, la faible participation des femmes au marché du travail, les évolutions démographiques et l’émigration des jeunes. Il a annoncé la création d’une Unité de financement climatique au sein du ministère des Finances afin de combler le déficit de financement climatique du pays.

« Maurice entreprend des réformes institutionnelles pour mieux mobiliser les capitaux nationaux et étrangers et promouvoir le développement durable, a-t-il ajouté. Nous rationalisons les processus, améliorons la transparence et facilitons les affaires. La protection de l’environnement, notamment la lutte contre l’érosion des plages, est également une priorité essentielle. »

M. Rawoteea a remercié la Banque africaine de développement pour son soutien, notamment pour la mobilisation des investissements dans les énergies renouvelables et l’économie océanique, deux secteurs identifiés comme des piliers de la croissance future.

Kevin Urama, économiste en chef et vice-président du Groupe de la Banque chargé de la Gouvernance économique et la Gestion des connaissances, a souligné le potentiel de transformation plus vaste de l’Afrique. « Si l’Afrique s’engage à investir dans son propre développement et à gérer efficacement ses actifs, elle peut réduire sa dépendance extérieure et mobiliser son énorme capital pour une croissance transformatrice », a-t-il déclaré.

M. Urama a cité la faiblesse de l’administration fiscale et l’inefficacité du recouvrement des recettes comme des obstacles majeurs au développement, appelant à une refonte fondamentale de la gestion des finances publiques sur l’ensemble du continent.

Wolassa Kumo, économiste pays principal pour Maurice à la Banque africaine de développement, a présenté un aperçu du rapport. L’événement de lancement a réuni de hauts fonctionnaires, des partenaires au développement, des dirigeants du secteur privé et des représentants de la société civile.

Parmi les participants figuraient Hervé Lohoues, chef de division au Département des économies pays de la Banque qui couvre le Nigeria, l’Afrique de l’Est et l’Afrique australe, et Nontle Kabanyane, chargé principal de programme pays de la Banque, qui a animé une table ronde.

La table ronde a exploré des stratégies permettant de mobiliser plus efficacement les capitaux nationaux en renforçant les institutions, en améliorant les cadres réglementaires, en renforçant la transparence et la responsabilité, et en approfondissant l’intégration commerciale régionale. Parmi les panélistes figuraient :

M. Zyaad Boodoo, du ministère de l’Environnement, de la Gestion des déchets solides et du Changement climatique (capital naturel) de Maurice.

M. Sanjev Bhonoo, statisticien principal à Statistics Mauritius (capital naturel).

M. Ricaud M. Auckbur, directeur technique au ministère de l’Éducation et des Ressources humaines (capital humain) de Maurice.

Mme Zaahira Ebramjee, responsable de la collaboration économique nationale à Business Mauritius (capital économique).

M. Vikram Ramful, responsable de la cotation à la Bourse de Maurice (capital financier).

Pour lire le rapport, cliquer ici (https://apo-opa.co/3ICzMTb).

Distribué par APO Group pour African Development Bank Group (AfDB).

Contact médias :
Emeka Anuforo
Département de la communication et des relations extérieures
media@afdb.org

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Reply by President Cyril Ramaphosa to the Debate on The Presidency Budget Vote 2025/2026, National Assembly, Parliament

Source: President of South Africa –

Speaker of the National Assembly,
Ministers and Deputy Ministers,
Honourable Members, 

The debate on The Presidency Budget Vote has been spirited, at times provocative, but above all, a credit to our democratic order. 

It is just over a year since the people of South Africa peacefully participated in elections that brought all of us to this Parliament to represent them. 

It is through debates such as this one that those who elected us to this House are able to measure whether we are up to the tasks they have given us. 

They can measure whether we represent and articulate their aspirations and assess whether we are undertaking interventions that will improve their lives or not. 

Even as these debates are robust and at times insulting, they are a key marker of the richness and endurance of our democracy.

It has been just over a year since the establishment of the second Government of National Unity in our country’s democratic history.  

The GNU, made up of 10 political parties with different histories and experiences, has continued to hold even as it has weathered many a storm.

There have indeed been disagreements and disputes among the GNU partners.

And yet, despite our differences, as GNU partners, we have chosen to work for the common good.  

It is as a Government of National Unity that we will continue in our mission to drive rapid, inclusive and sustainable economic growth; to create a more just society by tackling poverty and the high cost of living; building state capacity; strengthening law enforcement agencies; and deepening social cohesion and nation-building.

There are those, including in this House, who will assert that democracy does not put food on the table; that the constitution cannot be worn, driven or lived in. 

Yet they lose sight of a fundamental reality; that in the context of democratic backsliding across the world, South Africa stands tall as a country that upholds, protects and advances the rights of its citizens. 

Yesterday, the Honourable Hlophe gave us a laundry list of everything that is wrong with this country. 

We are alive to the many challenges we face. At the same time, we should not lose sight of the fact that this democracy, only 31 years old, has made great progress in improving the quality of life of its citizens.  

Some countries in the world have democracies dating back hundreds, even thousands of years. Our democracy by comparison is still very young.

Those who decry the allegedly scant progress we have made wish us to discount the millions of homes electrified, the clean water in communities where there was once none, the public housing built for the indigent, and the free basic services provided to society’s most vulnerable. 

They wish us to discount the more than 600,000 learners who passed their matric exams last year, the highest recorded pass rate in our country’s democratic history. 

They wish us to not consider the more than 1.2 million young South Africans who are being supported to further their studies by the National Student Financial Aid Scheme. 

They wish us to discount the testimony of young South Africans like the Honourable Lufefe Mkutu who spoke with such eloquence in this House yesterday. 

This Honourable Member told us how he is a direct product of the transformative interventions of this Government when he was at school right throughout his academic life up to qualifying as an industrial engineering university graduate.

The critics of our democratic era wish us to ignore the workers who are now shareholders in the companies they work for, and the African, Indian and coloured men and women who hold positions of leadership in companies thanks to our employment equity laws. 

We are supposed to discount the more than 3.5 million hectares of land that has been restored to communities, and the more than 2.1 million beneficiaries who have been compensated for their land.  

These are some of the fruits of our young democracy, the self-same democracy that the South African people continue to believe in, have faith in, and expect us to advance in both word and deed. 

That the majority of South Africans are committed to the fundamental principles of our Constitution confers a heavy responsibility on the Government of National Unity that we retain this faith. 

It requires that we work as a collective to implement our strategic priorities of inclusive growth and job creation, reducing poverty and the high cost of living, and building a capable, ethical and developmental state.

I can assure the Honourable Mulder that we will not dismiss the proposals put forward by the Freedom Front Plus to ensure that all South Africans progress economically.

We will engage with the Freedom Front’s proposals and we will do so critically. Where we disagree, we will say so.

The Carnegie Report into the ‘poor white problem’ is not a useful guide as we confront the challenges of the democratic South Africa.

The findings and recommendations of the Carnegie Report were influential in the development of apartheid. The commission sought to uplift the conditions of poor whites, but at the expense of blacks. It proposed separating racial groups in labour and living arrangements – of extending labour reservation to protect unskilled whites from competition with black labour.

And despite what the Carnegie Report said about state aid increasing dependency, the actions of the apartheid state were central to the economic empowerment of whites.

Under apartheid laws, blacks were stripped of their land, they were barred from certain occupations, their movement was restricted, they were unable to build up capital to start businesses.

There was a huge disparity between the resources devoted to white schools and universities, white hospitals and clinics. More was spent on social grants, housing, agricultural support and social services for white.

Honourable Mulder, the huge racial disparities we see in access to wealth and opportunities in South Africa were the consequence of the aid provided by the apartheid state to white people.

This is an important discussion and we welcome the Freedom Front’s willingness to engage in it.

But let us not rewrite our history, let us acknowledge the progress that has been made through our economic empowerment policies, let us identify the weaknesses, and let us indeed create a bright future for all our children and grandchildren.

We welcome the Honourable Hadebe’s support for the work of The Presidency in fulfilling its mandate. We agree that this support indeed brings with it the expectation of accountability, because this is a cornerstone of responsive government.  

As was rightly characterised, the Presidency is a centre of strategic coordination. It is not an implementing department.  

The Presidency does not build roads or fix potholes. The Presidency does not deliver clinics or dispense grants.  

The Presidency, and indeed the President, does not try accused persons or put them in orange overalls. 

The role of The Presidency is to ensure that the work of Government departments is coordinated, and that Cabinet decisions and priority programmes are implemented.   

The role of The Presidency is to unlock implementation. 

The role of The Presidency is to ensure there is policy coherence across all the arms of Government, and to give strategic direction to departments as they fulfil their respective mandates.  

Honourable Hadebe, we furthermore agree that South Africans have indeed grown wary of well-crafted plans, policies and strategies, and want to see implementation. 

That is why the Department of Performance, Monitoring and Evaluation is tasked with monitoring the implementation of the Medium Term Development Plan inaugurated under the Seventh Administration. 

We should desist from sweeping statements about accountability lacking in government.  

The DPME produces a range of public reports. 

These include Annual Performance Plans, Performance Monitoring Reports on key sectoral outcomes like health and education, Frontline Service Delivery Monitoring Reports, as well as Citizen-Based Monitoring Reports. 

All of these are subjected to Parliamentary oversight.

These are all regular, easily accessible and detailed. 

They are there for any member of this House, and indeed any South African, to see, interrogate and use to hold their public representatives to account. 

So before we stand here in this House and make generalisations about lack of accountability on the part of Government, let us take the time to read. 

In line with its coordinating role, The Presidency is tasked with mobilising support from all social partners for Government’s Programme of Action.  

As the Seventh Administration and as GNU partners, we have been firm in our commitment to working with social partners in pursuit of inclusive growth and job creation. 

Yesterday, the Honourable Gama delivered a somewhat misguided view of the collaboration between Government and business. 

Achieving inclusive and sustainable growth that creates jobs cannot be done without active cooperation with business and industry. 

Data produced by Statistics South Africa shows that the private sector accounts for more than 73 percent of all employees in our country. 

While Government’s role is, in part, to create an enabling environment for job creation and new businesses to thrive, the private sector is a critical driver of job creation. 

Turning our economy around necessitates that we address and overcome the various obstacles to growth and investment, be they regulatory or structural.  

At the height of the loadshedding crisis, we invited business and other social partners to come on board to support the work of the National Electricity Crisis Committee.  

Through our partnership with business, the private sector committed skills, resources and operational support towards stabilising electricity supply, unlocking investment in clean and renewable energy sources, and laying the ground for an energy-secure future. This has taken place under the strategic leadership of The Presidency. 

Through partnerships we have made noteworthy progress in driving much needed economic reforms; in reducing bottlenecks in the energy and logistics sectors; and in driving job creation initiatives in partnership with the private sector.  

These partnerships are laying the foundation for a more inclusive economy that benefits all South Africans. 

In 2018 we announced the presidential investment drive, with an ambitious goal to attract R1.2 trillion in investment over a five year period. 

Since then The Presidency has lent strategic direction to the convening of five South Africa Investment Conferences, and will hold the sixth later this year. 

Having reached our target ahead of schedule in 2023, we set ourselves a new target of approximately R2 trillion over the next five-year period up to 2028. 

The Investment Envoys in The Presidency have played a formative role in mobilising support for our investment drive.

My Investment Promotion Adviser, Dr Alastair Ruiters, is playing a key role in retaining the momentum of the investment drive, including leveraging participation in multilateral forums.

At the height of the COVID-19 crisis when South Africa chaired the African Union, we also appointed Special Envoys, including Mr Trevor Manuel, to mobilise international economic support for the continental response to the pandemic – with significant successes.

Investment mobilisation is an important area of work for The Presidency. It is aligned to the GNU’s cardinal priority of inclusive growth and job creation and central to our country’s wider economic diplomacy efforts. 

We are building partnerships in other areas.

Last year, the total value of new projects announced by both the public and private sectors amounted to R445 billion, the largest fixed investment in infrastructure in South Africa since 2021. 

Yesterday I reflected on South Africa’s Just Energy Transition Investment Plan that is aimed at mobilising finance from a range of public and private sources to support our transition to a low-carbon, inclusive, climate resilient economy and society. 

This plan is the outcome of extensive consultations with a range of stakeholders including communities, labour, industry experts and business.

Honourable Members, 

The Constitution empowers the President with executive powers to establish commissions of inquiry into any matter of public concern.  

Yesterday, the Honourable Nolutshungu sought to discredit the processes around commissions of inquiry, calling them a waste of money and time. 

But as we have demonstrated, such processes can have a profound impact. Think about the revitalisation of the South African Revenue Service. The ongoing reform of the state security apparatus. The millions of rands recovered and assets seized by our law-enforcement authorities in pursuit of those implicated in the wholesale capture of our state.  

I said yesterday, and I will repeat again today, as a country committed to the rule of law, to procedural fairness and to transparency, we will ensure that the allegations made around corruption in the upper echelons of the South African Police Service will be fully ventilated in the commission of inquiry process. 

We agree with the Honourable Zibi that we cannot squander the enduring belief of South Africans in our democracy, and that this same democracy must deliver accountability, development and opportunity. 

This accountability means that all those who are responsible for imperilling our democracy through nefarious acts should face justice. 

Honourable Members, 

The Presidency, together with the Department of International Relations and Cooperation, plays a central role in advancing our country’s foreign policy and ensuring our nation’s strategic interests are safeguarded. 

Through our participation on multilateral platforms, The Presidency articulates and advocates for the advancement of the African Agenda and the AU’s Agenda 2063, and for a more just, fair world order.  

As the Honourable Lamola said yesterday, South Africa is an advocate for the interests of the Global South in line with our commitment to principled solidarity.  

That is why The Presidency actively participates in international fora on the most pressing issues facing developing economies, such as rising debt burdens, mobilising funding for the attainment of the Sustainable Development Goals, and calling on advanced economies to meet their obligations to support vulnerable countries to raise the ambition of their climate action. 

So we cannot in all honesty argue, as some Members did yesterday, that participation in these important platforms is wastage. Like any other country in the world, a Presidency is the face of a country’s foreign policy. 

The Presidency is on the ground engaging with the South African people and advancing the constitutional imperative of participatory democracy. 

Through the Presidential Izimbizo, for example, we are providing a platform for citizens to engage with their leaders on their most pressing issues and to hold elected officials accountable for service delivery. 

We regard this as a critical tool for taking government to the people and they also fall within the ambit of Budget Vote 1.

The District Development Model that we introduced is more than a way of reorganising local government. It should become an operating philosophy for all spheres for government. When national, provincial and local government cooperate and collaborate to drive development, the overall well-being of citizens is enhanced. 

The District Development Model enhances efficiency by having the three spheres of government aligning planning, budgeting and implementation to reduce fragmentation, duplication and wastage across government departments and entities. 

During the 7th Administration, The Presidency embarked on a series of engagements with provincial executives on their strategic development priorities and the support required from national Government. 

Focusing on the comparative advantages and economic strengths of each province, national and provincial governments will work together to align development priorities and cooperate in the best interests of the people. 

Honourable Members, 

Vote 1 is for a budget that is in a number of respects exceptional. This is not a budget for the implementation of service delivery as is the case with other government departments.  

Rather, this is a budget that will enable coordination, strategic leadership and oversight across all of Government. These are functions that are key to the state functioning effectively.  

As the apex of Government, The Presidency ensures there is alignment, that the national priorities are implemented, and that urgent interventions are implemented in times of crisis: as we have seen during the loadshedding and COVID-19 crises.  

A vote in support of this Budget is about strengthening the nerve centre of Government itself.  

Honourable Petersen, hearing you speak in this House yesterday filled me with immeasurable pride. What confidence, what conviction, at just 23 years old. 

You embody the future of this country. 

You are the voice not just of your community and constituents, but of the millions of young South Africans who even amidst our many challenges see progress, who continue to believe that there is a place in the sun for us all, and who continue to have hope.

Young people who dare to invent the future, as the Honourable Mkutu put it yesterday.

Nobody in this House disagrees that the challenges we face as a country are immense. Nobody can disagree that we are not nearly as far along the road to a shared future as we had hoped to be.  

And yet who do we serve with our malcontents, our laments and defeatism? Do we want to break or do we want to build? 

As we journey to the National Dialogue where we will face the hard truths and forge a common brighter future, let us take courage from the words of this young patriot who said yesterday that this budget should be a turning point. 

Where words become actions. 
Where plans become progress. 
Where South Africa truly becomes a nation that works for all its people.  

I thank you.

Renaissance Energy Africa Joins African Energy Week (AEW) as Silver Partner Following Strong Operational Start

Source: APO – Report:

Nigerian energy consortium Renaissance Africa Energy has confirmed its participation as a Silver Partner at the African Energy Week (AEW): Invest in African Energies 2025 conference, scheduled for September 29 to October 3 in Cape Town. The announcement follows Renaissance Africa Energy’s strong operational start in early 2025, where the consortium exceeded its first-month oil production target by 40%.

Alongside this operational success, Renaissance Africa Energy recently unveiled an ambitious $15 billion investment plan over the next five years. The plan includes 32 projects focused on increasing crude oil and gas production, expanding pipeline infrastructure and doubling domestic gas output in Nigeria’s Niger Delta region. This investment aims to enhance Nigeria’s energy security and support the country’s broader economic goals.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Renaissance Africa Energy’s 2025 milestones build on the consortium’s acquisition of energy major Shell’s fully owned subsidiary Shell Petroleum Development Company (SPDC) of Nigeria’s onshore and shallow-water assets – completed in December 2024. The $1.3 billion deal marked a significant transfer of operational control from an international oil company to indigenous Nigerian firms, signaling a shift toward greater local ownership in the upstream sector.

In the gas sector, Renaissance Africa Energy is targeting an increase in production from 150 million to 300 million standard cubic feet per day. This target will be supported by infrastructure projects such as the Ajaokuta-Kaduna-Kano gas pipeline, which is expected to facilitate greater domestic gas utilization and support gas exports.

As such, the Renaissance Africa Energy consortium – comprising ND Western Ltd., Aradel Holdings Plc, FIRST Exploration and Petroleum Development Company Ltd., Waltersmith Group and Petrolin – brings extensive expertise across upstream, midstream and downstream operations. Collectively, these partners have established a strong track record in performance, innovation and community engagement. With a combined asset base valued at approximately $3 billion and a current production rate of around 100,000 barrels per day, Renaissance Africa Energy is well-positioned to deliver significant energy solutions across Nigeria and the broader African continent.

“The rise of Renaissance Africa Energy as a prominent indigenous operator underscores the increasing maturity and capability of African energy enterprises. Their substantial investment commitments and demonstrated operational achievements are pivotal to enhancing Nigeria’s energy security and fostering sustainable economic development across the region. Renaissance Africa Energy’s participation as a silver partner at AEW: Invest in African energies 2025 exemplifies the vital role of local leadership in shaping the continent’s energy future through strategic investment and collaborative engagement,” states NJ Ayuk, Executive Chairman, African Energy Chamber.

– on behalf of African Energy Chamber.

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