Address by President Cyril Ramaphosa 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,
Fellow South Africans,
 
In two days from now, on Friday, 18 July, South Africans will join people across the world in celebrating Nelson Mandela Day.
 
Madiba helped us see that we can achieve progress by staying true to the vision of a better, more equal society and by working together to make that vision a reality.
 
Today, the world faces real and significant challenges. So do we as a country.
 
We face an increasingly volatile world, with disruptions to global trade and deepening conflicts causing reverberations across the globe.
 
We face high levels of unemployment and economic growth that is too low to create jobs and reduce poverty.
 
We face the corrosive effects of corruption and pervasive crime, to which the poorest are most vulnerable.
 
We face the daunting task of building a state that is capable of tackling these challenges and restoring the trust of the people.
 
It is with these challenges in mind that we formed a Government of National Unity to place our country on a path of growth and transformation, a path of peace and prosperity.
 
As we established the GNU, we understood that we were embarking on a new era in the life of our democracy. We understood that there would be complex dynamics and novel challenges that we would need to navigate.
 
We have together adopted the Medium Term Development Plan, which outlines clear actions that we will undertake over the next five years in pursuit of three strategic priorities:
 
– Firstly, driving inclusive growth and job creation.
– Secondly, tackling poverty and the high cost of living.
– Thirdly, building a capable, ethical and developmental state.
 
Across all ministries, all departments and all national entities, there is a commitment to implement the actions on which we have agreed and to move with urgency and purpose to address the needs of South Africans.
 
Most importantly, there is a shared understanding that we need to rise above our differences and to work together to make progress on our most important challenges.
 
The approach of the Government of National Unity is to enhance national cohesion and nation building and to build partnerships across society to advance the common interests of all South Africans.
 
The National Dialogue is being convened in response to calls from individuals and formations from across society. This initiative has received wide support and has been endorsed by the GNU as a significant national process to develop a social compact that will enable us to meet the aspirations of the National Development Plan.
 
At every important moment in the history of our country, we have come together to define a shared vision and forge a path into the future in dialogue with one another.
 
The National Dialogue is not just about talking.
 
Like CODESA, like the National Peace Accord, like the consultation process that led to our new Constitution, the National Dialogue is expected to produce real results that have a tangible impact on people’s lives.
 
We are all called upon to use this National Dialogue as an instrument of development, transformation, progress, national cohesion and nation building.
 
The National Dialogue does not displace the democratic processes mandated by our Constitution, nor the electoral mandates that parties carry into Parliament and the Executive.
 
As the National dialogue process continues, the Government of National Unity will continue to take action to address the immediate concerns that all South Africans share – to grow our economy, to create jobs, to tackle corruption and crime, and to fix local government.
 
The Medium Term Development Plan sets specific measurable targets for each of our programmes, and these budget votes quantify the resources that we will need to reach these targets. However, the true measure of success is the impact that we have on people’s lives.
 
Everything that this government does – from trade negotiations to economic reforms, from the professionalisation of the Public Service to support for farmers and small businesses – is directed towards meeting the needs of South Africa’s people and securing their future.
 
The role of The Presidency is to coordinate the work of Government towards this end, and to make sure that our commitments are translated into action.
 
Our most important priority is to grow the economy and create jobs. 
 
We are working across government to boost infrastructure investment to ensure that infrastructure development becomes the true flywheel of economic growth.
 
We are using the Infrastructure Fund to invest in the roads that link communities to economic centres and the water projects that supply expanding cities and towns.
 
We have amended the regulations for Public Private Partnerships to make it easier for the private sector to invest in infrastructure ranging from renewable energy generation to housing.
 
This infrastructure has a direct impact on people’s lives, providing the services they need, reducing the cost of living, improving the business environment and encouraging economic activity.
 
We are following through on our commitment to invest more than R1 trillion in infrastructure over the next three years to renew our country’s roads, port, rail, energy and water systems.
 
South Africans benefit when the economy grows, when jobs are created, when established industries expand and new industries emerge.
 
To ensure that our industrial policy promotes local economic activity, we are repositioning it to look at opportunities in diversification, decarbonisation and digitalisation.
 
That is why we are redirecting our development finance institutions to be active investors in emerging industries and introducing tax incentives for new energy vehicles from next year.
 
We are pursuing the Critical Minerals and Metals Strategy recently approved by Cabinet to ensure that the country’s mineral wealth creates jobs and produces value here in South Africa.
 
Our National Policy on the Commercialisation of Hemp and Cannabis aims to improve the livelihoods of people living in rural areas, targeting 10 percent annual growth in this emerging industry.
 
Communities in our cities and rural areas alike will benefit from rapid growth in tourism.
 
More than 9 million international tourists visited our country in the past year, directly spending over R90 billion.
 
This is thanks in large part to reforms in our visa system, targeted tourism promotion in key markets and support to local companies.
 
To encourage the growth of micro, small, and medium enterprises, we are continuing the work to remove regulatory constraints and simplify business licensing.
 
We are refining our financing offerings to these businesses, recognising that different types of businesses have different needs at different stages of their development.
 
To accelerate economic growth and create jobs, we are moving ahead with the economic reform agenda through Operation Vulindlela, with The Presidency providing strong leadership and coordination to ensure that reforms are implemented.
 
In the energy sector, working together with all stakeholders, we have made outstanding progress in reducing the severity and frequency of load shedding.
 
There was a time when daily load shedding was the norm. Now, it is very much the exception.
 
We are putting in place the foundations for a competitive electricity market to unlock massive new investment in energy generation.
 
This will result in lower electricity costs for all South Africans and more renewable energy to power our economy.
 
We have also made significant progress towards enabling innovative public and private investment in our transmission network.
 
Implementation of the just energy transition continues to progress, coordinated by a dedicated JET Project Management Unit in The Presidency. 
 
There is a growing pipeline of just energy transition projects in municipalities, skills development, electricity transmission and renewable energy generation. 
 
Total international pledges to support South Africa’s just energy transition now amount to $12.8 billion, or around R230 billion. 
 
This investment will go directly into renewable energy projects where the communities affected by the transition to clean energy sources will be at the centre of our focus.
 
Through this work, South Africa is leading the world in showing what a truly just energy transition looks like – one that enhances our energy security, protects workers and leaves communities better off.
 
We are also following through on our reform commitments in the logistics sector.
 
We have continued to make progress in reforming our visa system to attract skills and grow tourism.
 
An Electronic Travel Authorisation system will be launched later this year.
 
The Department of Home Affairs has made great progress in clearing the visa application backlog, which stood at over 306,000 applications in March 2024.
 
Through these reforms, we are steadily removing the obstacles to growth and paving the way for a new phase of investment and job creation.
 
The work of Operation Vulindlela shows the importance of a capable Presidency at the centre of Government, fulfilling a coordinating role in working closely with the departments and agencies responsible for implementation, and building a culture of delivery across the state.
 
The greatest challenge that faces our country today is youth unemployment.
 
Approximately 3.8 million out of 10.3 million young people aged 15 to 24 years are not in employment, education or training.
 
These are young people with energy, initiative and untapped potential.
 
As we pursue faster and more inclusive economic growth, as government we have undertaken programmes on a large scale to provide opportunities for young people to earn an income, develop skills and gain work experience.
 
Through innovative and targeted interventions, the Presidential Employment Stimulus has continued to demonstrate that when a society invests in its people, the dividends are measured in hope restored and futures rewritten. 
 
In June this year, we began a new phase of the Basic Education Employment Initiative, with over 200,000 young people working as school assistants in over 20,000 schools.
 
This initiative has now created over 1 million posts for young people to serve as assistants in schools, supporting teachers in classrooms, school administration and school maintenance.
 
The programme has been designed to strengthen the learning environment and learning outcomes in schools. 
 
In the process, participants gain work experience and skills vital to finding employment and starting their own businesses.
 
Young people face many barriers. Without established networks in the economy, without work experience, without money for data or transport, it is difficult for many young people even to look for work.
 
To address these challenges, we launched the SAYouth.mobi platform in 2020.
 
Since then, it has linked a growing number of young people to learning and earning opportunities. 
 
There are now over 4.7 million young people registered on the SAYouth network. 
 
Young people have been supported to access over 1.67 million earning opportunities. 
 
A significant achievement of SA Youth is that the vast majority of earning opportunities have been accessed by the most excluded young people. 
 
Seventy percent of opportunities have been accessed by young black African women. 
 
Around 65 percent of the young people registered on the SA Youth platform reported that they live in households where at least one member receives a grant.
 
This means that we are reaching some of the people who have the greatest need.
 
With the support of Government, the Youth Employment Service – known as YES – has become the largest corporate funded youth jobs programme in the world. 
 
The programme has to date provided over 190,000 young people with a year-long work experience opportunity. 
 
Through all of these programmes coordinated by The Presidency, we are changing the way that Government works and scaling innovative solutions to our unemployment challenge.
 
Honourable Members,
 
Education is at the centre of our fight against poverty. 
 
The foundational years are central to a child’s progress throughout their educational journey and even later in life. That is why our focus is on expanding access to quality early childhood development and early-grade literacy and numeracy.
 
We continue our efforts to ensure that learners have a safe and conducive environment in which to learn. To date, we have completed 97 percent of the sanitation projects under the SAFE initiative aimed at getting rid of pit latrines in our schools.
 
The Department of Basic Education is undertaking the work needed to implement the Basic Education Laws Amendment Act – or BELA – to ensure that all children have access to quality education and well-run schools.
 
We continue efforts to expand and strengthen vocational training, to match the skills we develop with the needs of our economy.
 
Through NSFAS, we are expanding access for students from poor and working class families, and with the support of the National Skills Fund, we are expanding assistance to the ‘missing middle’.
 
This year, NSFAS is supporting over 800,000 university and TVET college students. This provides opportunities to young people today that will, in time, transform our economy and society. 
 
In order for us to give access for all people to quality health care, we have determined that we will address the poor state our hospitals and clinics. We are investing in the construction, revitalisation and maintenance of facilities across the country.
 
To address the severe challenges in the health system and in preparation for the implementation of the NHI, we are directing resources towards the hiring of more doctors, nurses and health professionals, the permanent employment of community health workers, and the purchase of new equipment and supplies.
 
 We are determined to meet our HIV testing and treatment targets, despite the withdrawal of US funding. The Minister of Health has reported on the progress made, working with stakeholders, to mobilise resources to fill some of the gaps in our response and research work.
 
The South African National AIDS Council, led by the Deputy President, remains at the centre of our HIV/AIDS response, mobilising all sectors and stakeholders to ensure that we end AIDS as a public health threat.
 
For us to effectively tackle any of these challenges, we need to build a capable state with institutions that are resistant to corruption or interference.
 
The recent adoption of the Public Service Commission Bill by the National Assembly marks a crucial milestone, enhancing the independence and effectiveness of the Public Service Commission in promoting ethical governance. 
 
The Bill will allow the Commission to function as an impartial constitutional body and ensure that the executive is compelled to act on the Commission’s recommendations, thereby reinforcing accountability across the public sector.
 
To make Government work more efficiently and bring it closer to the people, the Digital Transformation Roadmap was launched in April 2025.
 
The roadmap focuses on building digital public infrastructure including a digital identity for every South African citizen.
 
It includes a digital payments system to enable instant, low-cost payments, and interoperable data systems to ensure that citizens only have to provide their information to Government once. 
 
The integrity and credibility of the criminal justice system is vital to our ongoing efforts to combat crime and corruption. Over the last few years, we have made significant progress in rebuilding and strengthening law enforcement agencies, security services and prosecutorial bodies.
 
These changes have been real and visible in the South African Police Service, the Hawks, National Prosecuting Authority, Asset Forfeiture Unit, Special Investigating Unit, State Security Agency and others.
 
We are determined to maintain this momentum. We must therefore be concerned when reports emerge and allegations are made that threaten to undermine the stability and effectiveness of these institutions.
 
I have recently established two commissions of inquiry that, in different ways, will interrogate aspects of our criminal justice system.
 
The first, chaired by Judge Sisi Khampepe, looks to the past. The commission will investigate allegations of undue interference in the investigation and prosecution of apartheid-era crimes.
 
Not only is the commission necessary to ensure justice for the victims of apartheid-era crimes and their families, but it will provide valuable lessons as we strengthen our efforts to ensure accountability now and into the future.
 
The second commission, which I announced on Sunday and which will be chaired by Acting Deputy Chief Justice Mbuyiseli Madlanga, will investigate allegations made by the SAPS Provincial Commissioner in KwaZulu-Natal, Lt Gen Nhlanhla Mkhwanazi.
 
Lt Gen Mkhwanazi alleged that the Minister of Police had interfered with sensitive police investigations and colluded with business people, including a murder accused, to disband the Political Killings Task Team based in KwaZulu-Natal.
 
These allegations are serious. They are also untested.
 
It is therefore necessary that we establish the facts through an independent, credible and thorough process so that we can ensure accountability and safeguard public confidence in the police service.
 
It is therefore strange that some people have voiced strong opposition to the establishment of this commission of inquiry.
 
Some have said that I should take immediate punitive steps against the Minister on the basis of untested allegations. Not only would this be unfair, but it would create a dangerous precedent.
 
The commission should be allowed to do its work.
 
Some people have resurrected the tired line that the commissions and panels that we have established have not produced any meaningful results.
 
This view is wrong. It is not borne out by evidence.
 
In 2018, we established a Commission on the South African Revenue Service, chaired by Judge Robert Nugent. The commission’s findings and recommendations resulted in a comprehensive overhaul of SARS’ leadership, governance structures and operational capacity. 
 
This has enabled SARS to significantly increase revenue collection, improve compliance and recover substantial sums of unpaid tax.
 
The Commission of Inquiry into the Public Investment Corporation, chaired by Judge Lex Mpati, exposed serious governance failures and led to far reaching institutional reforms.
 
These commissions resulted in disciplinary actions and the cancellation of unlawful contracts.
 
The implementation of the recommendations of the High-Level Panel on the State Security Agency have contributed significantly to SSA’s stabilisation and recovery, improved oversight and accountability, and the structural reforms contained in the General Intelligence Laws Amendment Act.
 
Following the recommendations of the Expert Panel into the 2021 Civil Unrest, government has taken steps to ensure better intelligence coordination, capacitating public order policing, strengthening community policing forums and streamlining the functioning of the National Security Council.
 
In the three years since the final report of the State Capture Commission was presented to the President, Government has undertaken major reforms based on its recommendations. 
 
Eight new laws have been enacted to strengthen our anti-corruption institutions, enhance the procurement system, reform the intelligence services, and improve corporate accountability and public administration.
 
The value of assets linked to State Capture that have been recovered by the state stood at nearly R11 billion by March 2025. 
 
Another R10.6 billion is currently frozen, awaiting the outcome of cases in court.
 
There are criminal cases arising from the state capture commission that have been concluded, all with guilty verdicts. Other cases, involving 51 individuals and 27 companies, are currently enrolled in court.
 
Each of these commissions and panels unearthed information and made findings that were critical to understanding the events that took place. They were essential in ensuring accountability and providing recommendations on strengthening our institutions and processes.
 
These commissions and panels show a government that takes responsibility, that is committed to transparency and accountability, that does not fear independent scrutiny, and that is determined to take corrective action where lapses have taken place.    
 
We continue to make progress in investigating and prosecuting corruption.
 
Since its establishment last year, the NPA’s Investigating Directorate against Corruption has authorised over 120 matters involving more than 215 of the most high profile state capture corruption accused. 
 
Over 80 cases are currently under investigation and approximately 40 have already been enrolled.
 
The NPA is using new technology to conduct complex investigations through the rapid, efficient analysis and documentation of digital evidence. 
 
South Africa has substantially completed all 22 action items that were contained in the Action Plan adopted when South Africa was greylisted in February 2023. This paves the way for an on-site visit, which is the final step before the FATF can delist South Africa.
 
We are at the mid-point of the implementation of the National Strategic Plan on Gender-Based Violence and Femicide. Yet, violence against women and children continues unabated. It remains a pandemic that shames the men of our nation.
 
While we can point to progress in responding to instances of gender-based violence – from clearing the historical DNA backlog to increasing conviction rates and improving victim services in police stations – our greatest challenge is to prevent such instances in the first place.
 
Our efforts to prevent gender-based violence need special focus. They need to be intensified, massively scaled-up and include all sectors of society. We need to give greater attention to the social factors – such as alcohol abuse – that fuel such violence.
 
The impact of weak governance is felt the most at the local level.
 
We recognise that many of our cities and towns are failing to deliver basic services, creating serious challenges for businesses and residents.
 
We have initiated a comprehensive reform of the local government system, underpinned by a review of the White Paper on Local Government and of the local government fiscal framework.
 
While this reform process is underway, The Presidency is providing targeted intervention and support in struggling municipalities, starting with eThekwini and Johannesburg. 
 
Working groups established in both of these cities have brought together mayors, senior officials from local, provincial and national Government, business and civil society to tackle the most urgent problems.
 
The progress made since the establishment of the Presidential eThekwini Working Group shows that this model does work.
 
In the last year, the tourism sector in eThekwini has seen significant recovery, with a 33 percent growth in domestic trips in 2024 contributing over R17 billion to the local economy. 
 
The Presidency is uniquely positioned to bring together the many stakeholders within and beyond Government who must work together to turn our cities around.
 
Honourable Members,
 
South Africa’s International standing has been greatly enhanced in recent years despite the increasingly challenging global circumstances in which we pursue our national goals.
 
Multilateralism is on the retreat. Global stability and development are being threatened by unilateral and coercive economic measures.
 
Conflicts in some parts of the world are having economic, political and social consequences far beyond the areas of conflict.
 
The erosion of rules-based multilateralism undermines efforts to achieve a level playing field in economic relations, and places emerging markets such as ours in a vulnerable position.
 
The economic uncertainty that arises from these developments dampens the growth prospects of economies around the world.
 
Last week, we received notification that exports from South Africa to the United States will attract tariffs of up to 30 percent from 1 August 2025.
 
This could have a substantial impact on the products we export to the United States. 
 
We welcome the commitment by the US government that the 30 percent tariff is subject to modification pending the conclusion of negotiations between our two countries. 
 
At the same time, we continue the work to diversify our export markets and build a more resilient domestic economy.
 
We continue with our efforts to strengthen relations with the United States, which remains a strong investment and trading partner.
 
Our successful working visit to the US in May reaffirmed the importance of keeping the channels of dialogue open and established a basis for greater engagement and cooperation.
 
Organisations that seek to use South Africa’s relations with other countries to advance their own domestic agenda undermine these efforts.
 
We are now at the halfway mark of our G20 Presidency.
 
So far, nearly 70 of the 130 planned official meetings have taken place, and we are making progress in engagement with fellow G20 countries on the central themes that we have identified for our Presidency.
 
Through our participation in other fora, such as the recent BRICS Summit in Brazil and the G7 Summit in Canada, we have reinforced our position on critical issues of concern to all G20 countries.
 
These issues include debt sustainability and financing for development and climate action. We are seeking agreement on a sustainable approach to critical and rare minerals that benefits the communities and countries where these resources are found. 
 
Throughout our participation in G20 meetings over the last half year, we have sought to advance shared solutions to common problems, promote the African Agenda and place the interests of the Global South firmly on the Global Agenda.
 
As we reflect on our place in the world, we express our horror and dismay at the genocide taking place in Gaza. 
 
More and more Palestinian civilians are being killed every day, millions face starvation, homes, hospitals and other essential infrastructure are being destroyed.
 
The fact that these atrocities are taking place in plain sight of the international community – with no concerted effort to end them – is a damning indictment of world leaders.
 
The stance that South Africa has taken on the genocide in Gaza, including the application we have made to the International Court of Justice, is founded on our commitment to peace and justice.
 
We are equally concerned at the grave humanitarian situation in Sudan. 
 
The conflict is taking a severe human toll. It is estimated that over 30 million people need aid and some 12 million people are displaced.
 
The international community has a responsibility to support regional and other efforts to end the conflict and provide the assistance that the people of Sudan desperately need.
 
As the situation in the eastern DRC enters a new phase, the SADC mission has ended and our personnel are being withdrawn in a phased manner.
 
As we welcome the return of our soldiers, we remember with great sorrow the 14 SANDF soldiers who lost their lives, alongside soldiers from other Southern African countries, to bring peace and security to the region. 
 
We are hopeful that the parties to the conflict will now engage in the envisaged dialogue and cessation of hostilities culminating in an all-inclusive political process that leads to a lasting solution.
 
South Africa remains part of initiatives to end the Russia-Ukraine conflict and achieve a just and lasting peace.
 
While many of these conflicts are far from our shores, we have an interest in seeing them resolved.
 
Our history places upon us a moral responsibility to strive for an end to suffering and oppression around the world. We also have obligations under international law to prevent genocide and ensure accountability for atrocities.
 
It is in our interests as a country to ensure that international law is upheld and consistently applied and that global bodies like the UN Security Council are effective in ensuring peace and security.
 
We will intensify efforts to reform these global institutions to ensure that they are representative and inclusive.
 
It is unacceptable that 1.4 billion Africans have no permanent representation on the UN Security Council.
 
It is these laws and these institutions that we will look to for protection and support as we confront the uncertainty of a changing world.
 
Honourable Members,
Fellow South Africans,
 
A tree survives strong winds by its deep and extensive roots, anchoring itself in the soil. 
 
Its flexible branches can bend and sway with the wind, enabling it to adjust to changing circumstances.
 
A forest of trees works together to withstand a storm, the closeness of their canopies breaking the wind’s force.
 
Like a baobab of Limpopo or a yellowwood of the Eastern Cape, our roots have been made firm by experience. As the winds pick up around us, they will hold us to the ground.
 
The formation of the Government of National Unity has inspired new hope in South Africans that we can make progress in addressing our most urgent challenges.
 
Our task is clear. We must grow our economy, create jobs, reduce poverty, tackle corruption and crime, and build a state that works with institutions that will stand the test of time.
 
While we will always have differences and disagreements, we are all committed to staying the course and seeing these reforms through to the end. 
 
We must combine the strength of our principles and convictions with an openness and willingness to listen and adapt.
 
The Presidency will continue to lead Government in ensuring that we do so, and that we deliver a better life for all South Africans.
 
I hereby commend this Budget Vote of The Presidency to the National Assembly and look forward to a constructive debate.
 
I thank you.

Major progress on Welmoed housing development

Source: Government of South Africa

Western Cape MEC for Infrastructure, Tertuis Simmers, has announced significant progress on the Welmoed housing development in Cape Town, where bulk civil engineering infrastructure works have already been completed.

The Welmoed development is part of the Southern Corridor Integrated Human Settlements Programme and will provide a total of 3 296 housing opportunities. 

This includes a mix of affordable housing and private development units.

Beneficiaries of the housing project will mainly come from sub council 14 and nearby informal settlements, addressing a critical housing need in the area.

Providing an update on the project, on Tuesday, Simmers said the project will be implemented in phases and is expected to create up to 6 000 job opportunities. 

“These jobs will arise as contractors are encouraged to employ local labour and subcontractors within the sub council area,” Simmers said.

Electrical works well underway

Meanwhile, the MEC noted that the electrical engineering works are well underway and expected to be completed by August 2026. 

Simmers said civil and bulk earthworks commenced earlier this year, while the installation of internal engineering services is scheduled to start in May 2026. 

This will be followed by the construction of the housing units, which is set to commence in October 2026.

“We are pleased with the steady progress made at Welmoed, despite significant challenges posed by unlawful occupations. 

“The Western Cape Government condemns and continues to fight the unlawful occupation of land and buildings earmarked for affordable housing delivery. We strongly urge communities, activist groups, and political parties in the Western Cape to support our efforts and refrain from encouraging unlawful activities,” the MEC said. 

A beneficiary verification process is scheduled for September 2025 to determine the final housing allocations, ensuring inclusivity and transparency throughout.

“Since the start of my current term in office, building partnerships has become paramount to ensure the successful delivery of vital infrastructure projects, including human settlements, and our communities are our most valued partners.”

Simmers and officials of the department will soon host public meetings in each ward within subcouncil 14 to provide communities with a detailed progress update of the Welmoed housing project. 

“I look forward to meeting with residents soon to discuss the progress of this much-needed housing development in the area. I also encourage all potential beneficiaries to participate actively in the verification drive to help us achieve a fair and inclusive outcome,” he added. – SAnews.gov.za
 

Italy-KZN boat building partnership to boost local economy

Source: Government of South Africa

KwaZulu-Natal Premier Thamsanqa Ntuli has described a boatbuilding partnership between KwaZulu-Natal and Italy as a strategic milestone that is set to unlock significant economic potential for the province.

Ntuli, accompanied by MEC for Economic Development, Tourism and Environmental Affairs (EDTEA), Reverend Musa Zondi, attended the KZN–NAVIGO Boat Building and Yachting Industry roundtable to strengthen KZN’s boat-building and yachting sector.

Held in Umhlanga, north of Durban, on Tuesday, the high-level engagement brought together Italian maritime stakeholders, including provincial economic development leaders, and industry experts to explore collaborative opportunities in the boatbuilding and marine manufacturing sectors.

Aligned with the objectives of the KwaZulu-Natal Integrated Maritime Strategy, the round table forms part of the provincial government’s ongoing efforts to strengthen its position within the global oceans economy.

The collaboration with NAVIGO, a leading Italian yachting industry cluster with over 400 members across the boat building value chain, aims to explore opportunities for economic growth, technical skills development, global market access, and investment in aftersales services.

Ntuli hailed the partnership as a major milestone for KwaZulu-Natal’s industrial and economic development.

“This is more than a business exchange – it is a platform for economic renewal, capacity building, and global positioning. We welcome this collaboration as a driver of innovation and growth within the maritime sector,” Ntuli said.

The round table served as an opportunity to map out a joint action plan for developing KwaZulu-Natal’s local boatbuilding capacity by leveraging Italy’s extensive experience and advanced marine technologies.

The discussions focused on investment facilitation, local manufacturing, technology transfer, technical training, and establishing KwaZulu-Natal as a competitive hub for marine craft production and export.

The Premier underscored the importance of positioning coastal provinces like KwaZulu-Natal to lead in ocean economy development, in line with South Africa’s Operation Phakisa: Oceans Economy strategy. He also stressed the value of international partnerships that bring tangible benefits to local communities.

“Our goal is to ensure that partnerships like this one translate into real economic opportunities for our people – from the youth being trained in high-demand technical skills to entrepreneurs breaking into global marine value chains,” he said.

The event also highlighted plans to build stronger linkages between industry and academic institutions in KwaZulu-Natal, ensuring that local training programmes align with international standards and equip local talent for future opportunities in the marine sector.

Premier Ntuli reaffirmed the provincial government’s full support for initiatives that promote industrialisation, trade, skills development, and economic inclusion.

“KwaZulu-Natal is open for business and ready to lead in Africa’s emerging maritime economy.” – SAnews.gov.za
 

Roche et African Society for Laboratory Medicine (ASLM) lancent un partenariat pour renforcer le leadership en matière de diagnostic en Afrique

Source: Africa Press Organisation – French

  • Le partenariat baptisé Leadership Excellence for African Diagnostics (LEAD) entre Roche et l’ASLM est un programme de trois ans visant à renforcer le leadership des laboratoires en Afrique
  • L’initiative est axée sur le mentorat et la formation pour développer les capacités de leadership des laboratoires

Roche Diagnostics Africa (www.Roche.com) et l’African Society for Laboratory Medicine (ASLM) (www.ASLM.org) ont annoncé le lancement d’un partenariat de trois ans visant à améliorer le leadership des laboratoires et l’accès à des services de diagnostic de qualité sur l’ensemble du continent. Intitulée LEAD : Leadership Excellence for African Diagnostics, cette initiative réunit des ministères de la santé, des directeurs de laboratoires, des partenaires universitaires et des experts techniques afin de former une nouvelle génération de responsables de laboratoire compétents, connectés et prêts à travailler pour l’avenir.

“Ce partenariat permettra d’établir un leadership à long terme qui façonnera l’avenir du diagnostic en Afrique, de manière pratique, stratégique et durable. À une époque où nous avons besoin que les systèmes de santé africains deviennent moins dépendants des sources de financement externes, nous nous concentrons plus que jamais sur l’augmentation de la capacité nationale de diagnostic”, explique le Dr Allan Pamba, Vice-président exécutif, chez Roche Diagnostics Afrique.

“Nous entrons dans un nouveau chapitre où les systèmes de santé africains prennent la direction de leur propre transformation. En développant notre leadership en matière de diagnostic, nous favorisons la résilience et l’impact à long terme. LEAD donne aux professionnels les moyens d’influencer les politiques, de mener une stratégie nationale et de développer des capacités durables en matière de santé.”

Dans le cadre du partenariat, le projet LEAD offrira une série d’interventions intégrées, y compris des évaluations de base du leadership pour orienter une approche de formation adaptée au contexte, l’élaboration d’un programme panafricain en collaboration avec un établissement universitaire de premier plan, un mentorat structuré et un perfectionnement professionnel pour les nouveaux responsables de laboratoire, l’apprentissage par les pairs et la collaboration régionale par le biais d’ateliers et d’échanges de meilleures pratiques.

Nqobile Ndlovu, PDG de l’ASLM, a ajouté : “Les diagnostics sont la base de systèmes de santé résilients, mais des laboratoires solides ont besoin de dirigeants solides. Le programme LEAD se concentre sur les personnes : leur vision, leur portée et leur capacité à transformer la santé publique de l’intérieur. Avec ce programme, nous soutenons le leadership nécessaire pour faire progresser les soins de santé en Afrique.”

Roche fournira un financement, un soutien technique et des plateformes mondiales pour une meilleure visibilité, tandis que l’ASLM dirigera la mise en œuvre au niveau des pays, la coordination des parties prenantes et l’élaboration des programmes d’études.

Le renforcement des laboratoires est un facteur clé du renforcement des systèmes de santé et ce partenariat est un engagement en faveur d’un avenir plus sain pour les Africains.

Distribué par APO Group pour Roche Diagnostics.

Questions des médias :
Precious Nkabinde
Responsable de la communication
Roche
precious.nkabinde@roche.com

Nelly Rwenji
Responsable de la communication
ASLM
nrwenji@aslm.org

A propos de Roche :
Fondée en 1896 à Bâle, Suisse, Roche compte parmi les tout premiers fabricants industriels de médicaments de marque. Elle s’est hissée au rang de plus grande entreprise de biotechnologie au monde et est par ailleurs le numéro un mondial du diagnostic in vitro. Visant l’excellence scientifique, Roche a pour ambition de découvrir et de développer des médicaments et des diagnostics permettant d’améliorer la qualité de vie des patients et de sauver des vies dans le monde entier. Elle est à l’avant-garde de la médecine personnalisée et entend renforcer sa contribution en continuant à faire évoluer la prise en charge des patients. Afin d’apporter à chacun les meilleurs soins, Roche coopère avec de nombreux partenaires et conjugue ses compétences au sein des divisions Diagnostics et Pharma avec des données issues de la pratique clinique.

Reconnue pour sa volonté d’adopter une vision à long terme dans tout ce qu’elle entreprend, Roche a été désignée pour la treizième année consécutive comme l’une des entreprises les plus durables de l’industrie pharmaceutique selon les indices de durabilité Dow Jones. Cette distinction reflète également nos efforts pour améliorer l’accès aux soins de santé avec des partenaires locaux dans tous les pays où nous travaillons.

Genentech, aux Etats-Unis, appartient entièrement au groupe Roche, qui est par ailleurs l’actionnaire majoritaire de Chugai Pharmaceutical, Japon.

Pour plus d’informations, veuillez consulter le site www.Roche.com.

Tous les noms de marque mentionnés sont protégés par la loi.

A propos de l’ASLM :
La Société africaine de médecine de laboratoire (ASLM) est une organisation panafricaine engagée à améliorer la santé en Afrique en améliorant l’accès à des services de laboratoire de qualité pour tous. Nous nous efforçons de réunir et de mobiliser les parties prenantes à tous les niveaux afin d’améliorer l’accès aux services de diagnostic et de renforcer les systèmes et réseaux de laboratoire.

Depuis sa création en 2011, l’ASLM a joué un rôle clé dans l’avancement de la médecine de laboratoire en Afrique, en collaborant avec des partenaires et des parties prenantes pour promouvoir le diagnostic, la surveillance et le contrôle des maladies. Par le biais de ses programmes et initiatives, l’ASLM a contribué à l’élaboration de politiques et de lignes directrices pour les laboratoires, à l’expansion des réseaux de laboratoires et à l’amélioration de l’infrastructure et de l’équipement des laboratoires. L’expérience de l’ASLM souligne l’importance de la médecine de laboratoire dans une

Pour en savoir plus: www.ASLM.org

Media files

Roche e Sociedade Africana de Medicina Laboratorial (ASLM) lançam parceria para fortalecer a liderança de diagnóstico em toda a África

Source: Africa Press Organisation – Portuguese –

  • A parceria apelidada de Leadership Excellence for African Diagnostics (LEAD) entre a Roche e a ASLM é um programa de três anos para fortalecer a liderança laboratorial em África
  • A iniciativa concentra-se na orientação e formação para criar capacidades de liderança laboratorial

A Roche Diagnostics Africa (www.Roche.com) e a Sociedade Africana de Medicina Laboratorial (ASLM) (www.ASLM.org) anunciaram o lançamento de uma parceria de três anos para elevar a liderança laboratorial e melhorar o acesso a serviços de diagnóstico de qualidade em todo o continente. A iniciativa — intitulada LEAD: Leadership Excellence for African Diagnostics — reúne ministérios da saúde, diretores de laboratórios, parceiros académicos e especialistas técnicos para desenvolver uma nova geração de líderes de laboratório capazes, conectados e preparados para o futuro.

“Esta parceria irá criar uma liderança a longo prazo que moldará o futuro dos diagnósticos em África — de forma prática, estratégica e sustentável. Numa época em que precisamos que os sistemas de saúde africanos se tornem menos dependentes de fontes de financiamento externas, estamos focados em aumentar a capacidade de diagnóstico interno mais do que nunca”, diz o Dr. Allan Pamba, Vice-Presidente Executivo, Diagnostics, África, na Roche Diagnostics.

“Estamos a entrar num novo capítulo onde os sistemas de saúde africanos assumem a liderança na sua própria transformação. Ao aumentar a liderança de diagnóstico, apoiamos a resiliência e o impacto a longo prazo. A LEAD prepara profissionais que podem influenciar políticas, impulsionar a estratégia nacional e criar capacidade de cuidados de saúde sustentáveis.”

No âmbito da parceria, a LEAD irá fornecer uma série de intervenções integradas, incluindo avaliações de liderança de base para orientar uma abordagem de formação específica para o contexto, desenvolvimento de um currículo pan-africano em colaboração com uma instituição académica líder, mentoria estruturada e desenvolvimento profissional para líderes de laboratório emergentes, aprendizagem entre pares e colaboração regional através de workshops e intercâmbios de melhores práticas.

A Diretora Executiva da ASLM, Nqobile Ndlovu, acrescentou: “Os diagnósticos são a base de sistemas de saúde resilientes – mas laboratórios fortes exigem líderes fortes. O LEAD foca-se nas pessoas: na sua visão, no seu alcance e na sua capacidade de transformar a saúde pública a partir de dentro. Com este programa, estamos a apoiar a liderança necessária para fazer avançar os cuidados de saúde em África.»

A Roche fornecerá financiamento, suporte técnico e plataformas globais para visibilidade, enquanto a ASLM liderará a implementação a nível nacional, a coordenação das partes interessadas e o desenvolvimento do currículo.

O reforço dos laboratórios é um elemento essencial para o reforço dos sistemas de saúde e esta parceria é um compromisso para um futuro mais saudável para os africanos.

Distribuído pelo Grupo APO para Roche Diagnostics.

Consultas de mídia:
Precious Nkabinde
Líder de comunicações
Roche
precious.nkabinde@roche.com

Nelly Rwenji
Líder de comunicações
ASLM
nrwenji@aslm.org

Sobre a Roche:
Fundada em 1896 em Basileia, na Suíça, como um dos primeiros fabricantes industriais de medicamentos de marca, a Roche tornou-se a maior empresa de biotecnologia do mundo e a líder global em diagnósticos in vitro. A empresa busca excelência científica para descobrir e desenvolver medicamentos e diagnósticos para melhorar e salvar a vida das pessoas em todo o mundo. Somos pioneiros nos cuidados de saúde personalizados e queremos transformar ainda mais a forma como os cuidados de saúde são prestados para ter um impacto ainda maior. Para fornecer os melhores cuidados para cada pessoa, estabelecemos parcerias com muitas partes interessadas e combinamos os nossos pontos fortes em Diagnóstico e Farmacêutica com informações de dados da prática clínica.

Ao reconhecer o nosso esforço para perseguir uma perspetiva de longo prazo em tudo o que fazemos, a Roche foi nomeada uma das empresas mais sustentáveis na indústria farmacêutica pelos Índices de Sustentabilidade Dow Jones pelo décimo terceiro ano consecutivo. Esta distinção também reflete os nossos esforços para melhorar o acesso aos cuidados de saúde em conjunto com os parceiros locais em todos os países em que trabalhamos.

A Genentech, nos Estados Unidos, é membro integral do Grupo Roche. A Roche é o acionista maioritário da Chugai Pharmaceutical, Japão.

Para obter mais informações, visite www.Roche.com.

Todas as marcas registadas usadas ou mencionadas nesta versão estão protegidas por lei.

Sobre a ASLM:
A Sociedade Africana de Medicina Laboratorial (ASLM) é uma organização pan-africana empenhada em alcançar uma África mais saudável, aumentando o acesso a serviços laboratoriais de qualidade para todos. Trabalhamos no sentido de reunir e mobilizar as partes interessadas a todos os níveis para melhorar o acesso aos serviços de diagnóstico e reforçar os sistemas e as redes de laboratórios.

Desde a sua fundação em 2011, a ASLM tem desempenhado um papel fundamental no avanço da medicina laboratorial em África, colaborando com parceiros e partes interessadas para promover o diagnóstico, a vigilância e o controlo de doenças. Através dos seus programas e iniciativas, a ASLM tem contribuído para o desenvolvimento de políticas e diretrizes laboratoriais, para a expansão das redes de laboratórios e para a melhoria das infraestruturas e equipamentos laboratoriais. A experiência da ASLM destaca a importância da medicina laboratorial na saúde pública e demonstra o impacto dos esforços de colaboração no avanço dos resultados de saúde na África.

Saiba mais: www.ASLM.org

Media files

Baixar .tipo

Nigeria: Collaboration is Key to Unlocking Marginal Field Potential (By Grace Orife)

Source: APO


.

By Grace Orife, African Energy Chamber (www.EnergyChamber.org) board member

Nigeria’s oil and gas sector stands at a strategic inflection point and the country’s marginal fields are vital for growth and sustaining upstream activity. These smaller, often undercapitalised fields, especially in shallow waters, are rich with potential. But the obstacle isn’t the geology—it’s fragmentation.

Marginal fields in Nigeria are primarily operated by indigenous companies building pursuing parallel strategies and competing for capital, technology and talent. The result? Redundant investments, suboptimal recovery, and a lack of scalable impact. What the sector needs now is not more competition, but more cooperation with an outlook on investment.

Shared Infrastructure, Shared Value

The current model of asset duplication—each operator investing separately in logistics, facilities and maintenance—is financially and operationally inefficient. A shared infrastructure model dramatically reduces cost per barrel and enhances asset longevity. Value creation replaces asset control as the strategic lens. A great example of this is the 48Km pipeline Umutu to Kwale, Delta state ­– a joint venture between Platform Petroleum and Newcross Petroleum. Indigenous joint ventures can create more bankable projects, unlock blended finance models and even attract ESG-linked capital. Scale is no longer just a metric—it’s a signal.

Another example is the Otakikpo onshore terminal in OML 11, completed in 2025. Developed by Green Energy International, the terminal is the first indigenous facility constructed in the country in five decades. With a storage capacity of 750,000 barrels – set to increase to three million barrels depending on market demand – and an export capacity of 360,000 barrels per day, the facility reduces operating costs for marginal fields. The terminal is expected to unlock previously-stranded resources from up to 40 marginal fields, highlighting the value of shared infrastructure in Nigeria.

Strengthened Policy

The recently passed Petroleum Industry Act (PIA) is a game-changer for Nigeria’s energy industry. By promoting transparency, streamlining regulations, and reforming tax and royalty structures, the PIA creates a more attractive environment for global investors. Crucially, the PIA also addresses marginal field development, providing a clear licensing framework and resolving legal ambiguities. With the PIA in place, Nigeria’s energy sector is poised for a revival, enabling the country to better meet its domestic needs, including reliable electricity and economic growth.

From Possibility to Practice: Building the Architecture for Collaboration

When operators share more than just facilities—when they share insights, talent, and lessons learned—sector-wide operational resilience improves. Peer-to-peer learning reduces downtime, enhances safety practices, and fosters innovation. In high-risk environments, agility is a competitive edge.

To translate this vision into operational reality, indigenous firms must move beyond handshake agreements to structured partnerships. Such partnerships must incorporate strong governance models – featuring transparent rules for decision-making, risk-sharing and conflict resolution. The utilization of neutral operators – third parties who manage shared infrastructure – will also ensure fair access, while structures such as joint operating agreements will enable companies to formalize roles, reduce costs and enhance performance.

In this scenario, government regulators have a catalytic role to play. By offering fiscal incentives, easing licensing for consortia and prioritising collaborative proposals, they can turn policy into progress.

The Future Belongs to the Connected

The next chapter of Nigeria’s upstream oil industry won’t be written by solitary operators: it will be shaped by those who recognise that collaboration is not a compromise, but a competitive advantage. In an era of tighter margins, increasing stakeholder expectations, and declining investment in fossil fuels, the old model of isolated operation is no longer sustainable.

Marginal fields represent more than untapped reserves – they are an opportunity to reimagine how indigenous oil and gas companies create value. By sharing infrastructure, pooling resources, and aligning strategies, local operators can unlock performance at scale, attract investment, and meet rising ESG standards with credibility.

This is not just a call to cooperate – it’s a strategic imperative. The future will favour those who embrace a new mindset: one that values partnership over ownership, ecosystem thinking over individual ambition, and shared impact over siloed success.

The time to act is now.

Distributed by APO Group on behalf of African Energy Chamber.

Angola Oil & Gas (AOG) 2025 Panel to Assess Onshore, Shallow Water Prospects in Angola

Source: APO

Angola – one of Africa’s leading deepwater producers – is making a strong play for onshore exploration, leveraging its multi-year licensing strategy and flexible investment structures to entice new players to invest in onshore projects. On the back of a licensing round which concluded in 2024, the country is witnessing a surge of investment onshore, unlocking new opportunities for production growth as Angola strives to sustain output above one million barrels per day.

A panel discussion during the Angola Oil & Gas (AOG) conference will examine the impact ongoing onshore and shallow water projects will have on Angola’s production portfolio. Titled The Role of Onshore and Shallow Water Operations in Maintaining Production, the session will feature companies active in the onshore market and will delve into the strategic significance of onshore assets in maintaining output and maximizing resources in Angola. Speakers include Ricardo Van-Deste, CEO, Sonangol E&P; Edson dos Santos, CEO, Etu Energias; George Toriola, Chief Strategy Officer, FIRST E&P; Gianni Martins, General Manager, Alfort Petroleum; and Scott Gilbert, CEO, Corcel.

The 2024/2025 period has seen robust growth across Angola’s onshore market as companies invest in drilling and data acquisition in pursuit of new discoveries. In May 2025, Etu Energias signed a Risk Service Contract for Block CON 4 in the onshore Congo basin, granting the company operatorship with 67.5%. The agreement covers a 25-year operating license, with five years allocated for exploration and 20 years for production. The agreement follows two separate deals signed by Corcel in May 2025 for the accelerated development of Block KON 16 in the Kwanza basin. The agreements saw Corcel enhance its stake in the block to 71/5% through transactions signed with Intank Global DMCC and Sintana. Proceeds from the transactions will support de-risking and exploration activities planned for 2026. Corcel completed the data acquisition phase of KON 16 in 2024. Alfort Petroleum is also pursuing onshore exploration, following its qualification as an operator under the country’s 2023 licensing round. The company operates Block KON 8 and is currently interpreting seismic data at the block.

Meanwhile, while FIRST E&P is not yet active in Angola, other Nigerian players have recently expanded into the country, showcasing the potential for Nigerian players in Angola’s onshore market. Notably, Nigeria’s Walcot Group signed a production sharing contract in April 2025 for three onshore blocks in Angola. These include a 100% equity interest and operatorship of Block KON 1; a 100% equity interest and operatorship of Block CON 3; and a 10% non-operating interest in Block KON 13. Oando Energy Resources – another Nigerian firm – entered the Angolan market in January 2025, gaining operatorship of Block KON 13. The block has two exploration wells previously drilled, with oil and gas identified across various depths. Effimax and Sonangol represent partners on the block.

Recent onshore investments are largely due to Angola’s 2023 licensing round, which featured 12 blocks for exploration in the Lower Congo and Kwanza basins. Nine companies qualified as operators while five qualified as non-operators. Since the conclusion of the round, the country’s upstream regulatory the National Oil, Gas & Biofuels Agency has since received proposals from three international companies for nine blocks that were not awarded during the 2023 tender. This underscores the level of interest in Angola’s onshore acreage, laying a strong foundation for future discoveries.

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

Media files

.

Roche and the African Society for Laboratory Medicine (ASLM) launch partnership to strengthen diagnostic leadership across Africa

Source: APO

  • The partnership dubbed, Leadership Excellence for African Diagnostics (LEAD) between Roche and ASLM is a three-year programme to strengthen lab leadership in Africa
  • The initiative focuses on mentorship and training to build lab leadership capabilities

Roche Diagnostics Africa (www.Roche.com) and the African Society for Laboratory Medicine (ASLM) (www.ASLM.org) have announced the launch of a three-year partnership to elevate laboratory leadership and improve access to quality diagnostic services across the continent. The initiative — titled LEAD: Leadership Excellence for African Diagnostics — brings together health ministries, laboratory directors, academic partners and technical experts to develop a new generation of capable, connected and future-ready lab leaders.

“This partnership will build long-term leadership that would  shape the future of diagnostics in Africa — practically, strategically and sustainably. In a time where we need African healthcare systems to become less reliant on external funding sources, we are focused on increasing domestic diagnostics capacity more than ever,” says Dr Allan Pamba, Executive Vice President, Diagnostics, Africa, at Roche Diagnostics.

“We are entering a new chapter where African health systems take the lead in their own transformation. By growing diagnostic leadership we support long-term resilience and impact. LEAD equips professionals who can influence policy, drive national strategy and build sustainable healthcare capacity.”

Under the partnership, LEAD will deliver a series of integrated interventions including baseline leadership assessments to guide a tailored context-specific training approach, development of a pan-African curriculum in collaboration with a leading academic institution, structured mentorship and professional development for emerging lab leaders, peer learning and regional collaboration through workshops and best practise exchanges.

ASLM Chief Executive Officer, Nqobile Ndlovu, added: “Diagnostics are the foundation of resilient health systems – but strong labs require strong leaders. LEAD focuses on people: their vision, their reach and their ability to transform public health from within. With this programme, we are supporting the leadership needed to move African healthcare forward.”

Roche will provide funding, technical support and global platforms for visibility while ASLM will lead country-level implementation, stakeholder coordination and curriculum development.

Laboratory strengthening is a key enabler for stronger health systems and this partnership is a commitment towards a healthier future for Africans.

Distributed by APO Group on behalf of Roche Diagnostics.

Media queries: 
Precious Nkabinde 
Communications Lead 
precious.nkabinde@roche.com 

Nelly Rwenji
Communications Lead
ASLM
nrwenji@aslm.org

About Roche:
Founded in 1896 in Basel, Switzerland, as one of the first industrial manufacturers of branded medicines, Roche has grown into the world’s largest biotechnology company and the global leader in in-vitro diagnostics. The company pursues scientific excellence to discover and develop medicines and diagnostics for improving and saving the lives of people around the world. We are a pioneer in personalised healthcare and want to further transform how healthcare is delivered to have an even greater impact. To provide the best care for each person we partner with many stakeholders and combine our strengths in Diagnostics and Pharma with data insights from the clinical practice.

In recognising our endeavor to pursue a long-term perspective in all we do, Roche has been named one of the most sustainable companies in the pharmaceuticals industry by the Dow Jones Sustainability Indices for the thirteenth consecutive year. This distinction also reflects our efforts to improve access to healthcare together with local partners in every country we work.

Genentech, in the United States, is a wholly owned member of the Roche Group. Roche is the majority shareholder in Chugai Pharmaceutical, Japan.

For more information, please visit www.Roche.com.

All trademarks used or mentioned in this release are protected by law.

About ASLM:
The African Society for Laboratory Medicine (ASLM) is a pan-African organization committed to achieving a healthier Africa by increasing access to quality laboratory services for all. We work to convene and mobilize stakeholders at all levels to improve access to diagnostic services and strengthen laboratory systems and networks.

Since its founding in 2011, ASLM has played a key role in advancing laboratory medicine in Africa, collaborating with partners and stakeholders to promote disease diagnosis, surveillance, and control. Through its programs and initiatives, ASLM has contributed to the development of laboratory policies and guidelines, the expansion of laboratory networks, and the improvement of laboratory infrastructure and equipment. ASLM’s experience highlights the importance of laboratory medicine in public health and demonstrates the impact of collaborative efforts in advancing health outcomes in Africa.

Learn more: www.ASLM.org

Media files

.

Angola’s National Oil, Gas & Biofuels Agency (ANPG) President to Outline Angola’s $60B Investment Strategy at Angola Oil & Gas (AOG) 2025

Source: APO

Paulino Jerónimo, President of Angola’s National Oil, Gas & Biofuels Agency (ANPG), will share insights into the country’s upcoming investment opportunities at the Angola Oil & Gas (AOG) conference – taking place September 3-4 in Luanda. As the country’s upstream regulator, the ANPG has been making considerable strides towards opening-up the market to foreign investment, with recent reforms and block opportunities set to drive the next wave of oil and gas production in Angola. Jerónimo’s insights at the event will not only provide a comprehensive overview of Angola’s block opportunities, but support new investments across the upstream sector.

Angola is experiencing a surge in upstream oil and gas investments, with $60 billion planned across the market for the next five years. These investments have been made possible with the country’s ambitious licensing strategy, as well as ongoing regulatory reforms and flexible investment structures spearheaded by the ANPG. As the country prepares to launch its next licensing round and promotes acreage on offer through direct negotiation, Angola is affirming its position as a prime investment destination for oil and gas companies.

As sub-Saharan Africa’s second largest oil producer, Angola implemented an aggressive strategy in 2019, whereby the country seeks to award 50 concessions by 2025. To date, more than 30 new concessions have been awarded over four licensing rounds. The country is expected to launch its next licensing round in 2025, offering ten blocks for exploration in the offshore Kwanza and Benguela basins. This next round follows a successful tender launched in 2023 and concluded in 2024, whereby nine companies qualified as operators and five qualified as non-operators. Since this round, the ANPG has received proposals from three international companies for nine blocks in the onshore Kwanza basin. Proposals were submitted for blocks that were not awarded during the 2023 tender.

In addition to licensing rounds, Angola offers flexible investment structures that continue to entice new players to the market. In recent years, Angola launched a permanent offer scheme, enabling companies to invest outside of the confines of traditional licensing rounds. Currently, 11 blocks are available on permanent offer. In 2024, the country went a step further, introducing five marginal fields for development. Situated in producing blocks with proven systems, these marginal fields are well-suited for smaller players seeking near-term production.

Meanwhile, Angola is also expanding and modernizing its library of seismic data under efforts to support future exploration campaigns. Currently, the country’s basins are support by a wealth of 2D and 3D seismic data, with recent acquisition campaigns aimed at improving the understanding of on- and offshore acreage. The ANPG has been spearheading efforts to reprocess existing seismic data, seeking to improve geological updates. In early 2025, energy data and analysis company TGS completed the reprocessing of the Block 16 GeoStreamer MC3D seismic dataset in the Lower Congo basin. This follows an announcement made by TGS at AOG 2024, with the company set to reprocess its onshore Kwanza basin dataset. These efforts provide detailed insights into the subsurface, thereby mitigating investment risks and improving decision-making.

At AOG 2025, Jerónimo is expected to outline Angola’s strategy to increase production through new exploration campaigns. By exploring the country’s opportunities – from offshore blocks to onshore drilling to partnerships and seismic acquisitions – Jerónimo will offer operators the insights they need to invest in Angola.

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

Media files

.

The International Islamic Trade Finance Corporation (ITFC) Signs EUR 15 million Master Murabaha Agreement to Support Türkiye’s Private Sector

Source: APO

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a EUR 15 million Master Murabaha Agreement with Ak Finansal Kiralama A.Ş. (Aklease), one of Türkiye’s leading leasing institutions and a subsidiary of AkBank.

The two-year facility aims to expand access to Shariah-compliant trade finance solutions for Türkiye’s private sector, including small and medium-sized enterprises (SMEs), enabling the import and pre-export of essential goods and services. The partnership reflects ITFC’s ongoing commitment to supporting economic development across member countries.

Commenting on this partnership, Mr. Nazeem Noordali, COO of ITFC, stated: “This agreement underscores our long-term commitment to supporting Türkiye’s private sector. By partnering with leading institutions such as Aklease, we are furthering ITFC’s mandate to promote trade and foster economic growth.”

From his end, Mr. Eser Okyay, General Manager, AKLease, commented, “This partnership contributes to the development of innovative financing models in the leasing sector while also reinforcing our vision of providing resources for projects that prioritize sustainable development. This agreement, which marks ITFC’s first contract signed with ITFC in Türkiye’s leasing sector, brings a fresh perspective to the industry. We believe that this approach, which centers on sustainability, green financing, and accessibility for SMEs, offers a valuable alternative for the real sector.”

This agreement is aligned with ITFC’s broader strategy in Türkiye, where the Corporation has committed significant resources to supporting the private sector through targeted trade finance and capacity-building initiatives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

Contact us:
Tel: +966 12 646 8337
Fax: +966 12 637 1064
E-mail: ITFC@itfc-idb.org

Social media:
Twitter: (http://apo-opa.co/3GMjN4q)
Facebook: (http://apo-opa.co/3Uh0mno)
LinkedIn: International Islamic Trade Finance Corporation (ITFC) (http://apo-opa.co/4lvMth5)

About the International Trade Finance Corporation (ITFC):
The International Islamic Trade Finance Corporation (ITFC) is the trade finance arm of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socio-economic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided more than US$83 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.

Media files

.