Virtual Keynote address by H.E. Deputy President Shipokosa Paulus Mashatile, Eastern Cape Traditional Leaders’ Summit, East London ICC

Source: President of South Africa –

Programme Directors, Nkosi Dalisizwe Dudumayo and COGTA HOD Vuyo Mlokothi;
Premier of the Eastern Cape, Mr Oscar Mabuyane; 
Your Majesties, Kings and Queens present here today;
Deputy Minister for Cooperative Governance and Traditional Affairs, Prince Zolile Burns-Ncamashe;
Deputy Minister for Agriculture, Ms Zoleka Capa;
MEC for Cooperative Governance and Traditional Affairs, Mr Zolile Williams;
Chairperson of the National House of Traditional and Khoisan Leaders, Kgosi Thabo Seathlolo; 
Chairperson of the Provincial House of Traditional and Khoisan Leaders, Nkosi Mpumalanga Gwadiso;
Members of the Executive Council;
Mayors and other Councillors present;
Esteemed Traditional Leaders; 
Distinguished Guests;

Ladies and Gentlemen,

When I received the invitation to address this Summit, I immediately recognised the importance of this gathering.

Not only because the President has tasked me with promoting social cohesion initiatives with Traditional and Khoi-San Leaders, but because you, as Royalty, occupy positions of profound importance in our communities.

You are entrusted by our ancestors to lead with honour, dignity, and wisdom. You are the custodians of our heritage, the guardians of our values, and the weavers of the social fabric that binds our nation together.

Although pressing commitments prevent me from joining you in person today, I address you with deep respect and humility.

My purpose today is to reflect on government’s progress in supporting traditional leadership and to consider how traditional institutions can continue to play a significant role in development and social cohesion within our constitutional democracy.
Let me state clearly: Government will never render traditional leaders irrelevant.

On the contrary, we recognise that traditional leadership remains a vital pillar of governance, particularly in rural communities.

Long before colonial powers arrived on our shores, traditional leaders were the heartbeat of governance in African societies. Councils convened under your leadership resolved disputes, upheld justice, and ensured the collective will of communities was respected.

Your authority was not imposed. It was earned through service, lineage, and trust by the people.

History also reminds us that when colonialism sought to dismantle indigenous systems, traditional leaders became both targets of manipulation and symbols of resistance.

Some were co-opted into structures designed to divide our people. Others remained steadfast, preserving languages, customs, and cultural identity in the face of oppression.

This resilience helped lay the foundation for the democratic society we enjoy today. The transition to democracy, however, also brought new complexities. Traditional leaders have had to navigate the important task of preserving cultural traditions while operating within a modern constitutional state.

Our Constitution recognises this reality. It affirms the institution, status, and role of traditional leadership according to customary law and acknowledges its significance within our democratic order.

This recognition reflects an important principle: our democracy must remain rooted in the lived realities of our people.

Across the country, we have witnessed traditional leaders adapting in meaningful ways to strengthen governance and development.

Legislative frameworks such as the Traditional Leadership and Governance Framework Acthave aligned traditional leadership with democratic principles.

Traditional Councils now work alongside municipalities within the system of cooperative governance. These councils include elected members and ensure the participation of women in leadership structures.
Through these changes, traditional leadership continues to evolve while preserving the heritage and legitimacy that communities place in these institutions.

However, challenges remain.

This Summit therefore provides an opportunity to reflect honestly on the support provided to traditional leadership since 1994, the obstacles traditional leaders face in fulfilling their responsibilities, and the practical steps required to strengthen cooperation between government and traditional institutions.

Ladies and Gentlemen,

The government has taken deliberate steps to restore the dignity and recognition of traditional leadership.
Platforms such as the National House of Traditional and Khoi-San Leaders, as well as Provincial and Local Houses, ensure that traditional leaders participate in shaping policies that affect rural communities.

Through these structures, traditional leaders have consistently raised critical issues including land rights, socio-economic development, institutional capacity, infrastructure support, policy reforms, and social cohesion.

In response, the President established the Inter-Ministerial Task Team on Matters of Traditional Leadership in 2022 to ensure a coordinated response to these concerns.

The Task Team focuses on five key priorities: advancing land rights and socio-economic development, strengthening traditional institutions, investing in infrastructure and skills, promoting nation-building and unity, and finalising policy and legislative reforms.

Through these initiatives, we reaffirm that traditional leaders are not bystanders in development. You are important partners in governance.
At the national level, traditional leaders play an advisory role on legislation and policies that affect customary law, land reform, and rural development.

At the provincial level, Houses of Traditional Leaders must strengthen collaboration with legislatures and provincial governments to ensure that programmes respond effectively to rural realities.

At the local level, traditional councils must work closely with municipalities to close service-delivery gaps and mobilise communities to protect public infrastructure such as schools, clinics, and water systems.

In the Eastern Cape in particular, traditional leaders have a crucial role to play in confronting some of the most pressing social challenges facing our communities.

When gender-based violence devastates families and communities, traditional leaders must stand at the forefront in declaring that no woman or child should live in fear.

Our government has classified Gender-Based Violence and Femicide as a national disasterto strengthen coordination in addressing this crisis.

But legislation alone cannot change behaviour. Community leadership is essential in challenging harmful attitudes and practices that perpetuate violence.

Similarly, when substance abuse and unemployment threaten the future of our youth, traditional leaders must guide young people towards discipline, opportunity, and hope.

Members of Royal Houses,

As custodians of communal land, traditional leaders carry a profound responsibility.

Land is not only a resource for economic development; it is also the foundation of identity, dignity, and empowerment.

Managing communal land requires transparency, fairness, and accountability so that development opportunities can benefit entire communities.

We must also recognise the potential of agriculture as a driver of sustainable development in rural areas.

The soil is one of our greatest assets. When cultivated wisely, it can create jobs, strengthen food security, and provide opportunities for youth and women.

Government initiatives such as the Presidential Employment Stimulus have already created more than 2.5 million employment and livelihood opportunities, many of them benefiting young people in rural communities.

The Social Employment Fund is also supporting agricultural initiatives by providing training, skills development, and access to markets for smallholder farmers.

Ladies and Gentlemen,

The fight against poverty, inequality and social fragmentation requires partnership between government and traditional institutions.

This spirit of partnership is also reflected in the National Dialogue, which has now entered its first phase.

Traditional and Khoi-San Leaders form part of both the Eminent Persons Group and the National Dialogue Steering Committee, ensuring that voices rooted in community wisdom and heritage help shape the national conversation.

I encourage traditional leaders across the country to actively participate in the community dialogues that will inform the National Dialogue Convention later this year, which will be led by the President.

During this Summit, let us reaffirm that the battle against social ills cannot be fought in isolation.
It is won when chiefs, councillors, churches, schools, and civil society stand together.

It is won when we empower women as pillars of resilience and invest in youth as the leaders of tomorrow.

And it is won when dignity is restored to every household.

As we move forward, let us strengthen the partnership between elected leaders and traditional authorities so that together we build a society that is inclusive, just, and firmly rooted in the heritage of our people.

As you continue with deliberation for the duration of this programme, I wish you robust and directive engagements.

Ndiyabulela, I thank you.
 

Gauteng remains heartbeat of SA economy – Maile

Source: Government of South Africa

Gauteng remains heartbeat of SA economy – Maile

Despite global economic volatility and geopolitical tensions, Gauteng remains the “engine of the national economy”.

This according to Gauteng Finance and Economic Development MEC Lebogang Maile who tabled the Gauteng 2026/27 budget on Tuesday.

The province contributes some 33% of South Africa’s Growth Domestic Product with provincial growth expected to grow higher than South Africa’s real economic growth projected to reach 1.6% in 2026.

“Gauteng remains the engine of the country’s economy, driven by, among other sectors, finance, trade, and transport. The province’s annual [GDP] by region amounts to more than R2.4 trillion.

“However, data from our 2026 Socio-Economic Review and Outlook…shows that metropolitan municipalities and district municipalities continue to face substantial economic and structural challenges. These have constrained investment, growth, and employment creation in local economies.

“That said, economic projections for the medium-term point to steady recovery with provincial economic growth expected to reach 2.1% in 2026 – significantly above the national average,” Maile noted.

He added that the province is positioned to “continue increasing the number of jobs created in the province”.

“In 2025, we created over 250 000 jobs in the province, with the second quarter of 2025 seeing a creation of 95 000 jobs – the highest number of jobs created by a single province in South Africa.

“There are currently just over 6 million people employed in Gauteng. Trade and construction were among the leading sectors for job creation, demonstrating that despite the difficult climate we find ourselves in, businesses continue to have confidence in the capacity of the province to turn things around,” he said.

Investment commitments

Turning to Gauteng’s investment drive, Maile reported that some 28% of the R312.5 billion in pledges garnered from the 2025 Gauteng Investment Conference (GIC) have been converted into active projects.

“But conferences are not judged by attendance numbers or headlines. They are judged by implementation. It is therefore important that we account not only for what was pledged, but for what has been delivered.

“As of February this year, 28% of the investment pledges secured in 2025 have already been converted into projects and are being implemented. [Some] 18 out of 60 projects are now in a roll-out stage. These projects are to the value of just over R80 billion which will unlock this into the real economy.

“These are not theoretical commitments. They are projects under construction, expansions underway, energy developments advancing, and jobs being created. This conversion rate is central to our credibility,” he said.

The next iteration of the GIC is expected to be held in April.

“For the upcoming GIC, our objective is to secure new investment commitments. We remain determined to secure R800 billion in investments by the end of the 7th administration.

“This target is not aspirational. It is pipeline-backed and supported by structured engagement with domestic investors, foreign direct investors and sector leaders. It builds on the momentum of 2025 – but it moves us from mobilisation to institutionalisation. We are institutionalising marketing, origination, facilitation and delivery,” Maile insisted.

Revenue measures

Maile highlighted only 5% of the province’s revenue is derived from its own sources, collected from motor vehicle licences, gambling taxes, patient fees and interest earned on treasury investments.

The province’s total revenue collection for 2026/2027 is projected to reach some R8.2 billion.

To strengthen collections, the provincial government is in the process of amending and reviewing the Gauteng Gambling Bill to “allow…for us to be able to regulate online betting”.

“In the period between 2019 and 2025, the Gauteng Provincial Government lost out on significant revenue amounting to hundreds of millions due to a lack of a formal provincial licensing framework for online betting. This has been implemented with great success in other provinces. 

“With this legislative amendment, the Gauteng Provincial Government aims to tighten regulations focusing on strengthening oversight, improving compliance monitoring, and implementing automated responsible gambling interventions. There are various other legislation that we are looking at including Gauteng Liquor Act and Regulations,” he added.

Furthermore, a Panel of Debt Collectors is expected to be appointed to “provide debt collection services to Gauteng Provincial Government institutions to collect outstanding debt”. – SAnews.gov.za

NeoB

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HIV in Malawi: digital filing system saved lives and boosted care – research

Source: The Conversation – Africa – By Laura Derksen, senior researcher at the Ragnar Frisch Centre for Economic Research, University of Oslo

In the global fight against HIV/Aids, one of the most exciting innovations is not a new drug, but a better filing system.

This is what we’re seeing in Malawi, one of the most HIV-affected countries in the world. About 7% of the population there live with the virus.

The country is one of the few meeting the United Nations 95-95-95 targets (95% of people living with HIV are diagnosed, 95% of those diagnosed are treated, and 95% of those on treatment have a viral load below 200 copies per millilitre). Sustaining this progress is a massive challenge in large clinics, and requires not only medical staff and supplies but efficient management of patient data.

Effective HIV treatment requires lifelong consistency. Patients must visit clinics every few months to refill prescriptions for antiretroviral therapy, a combination of drugs that prolongs life and prevents HIV transmission. In high-volume, under-resourced clinics, tracking who has missed an appointment is difficult.

As a team of management and global health economists, we wanted to know whether better data management could help explain Malawi’s success. Our recent research used an event study to analyse a gradual rollout of an electronic medical record system, to replace paper-based records, in 106 Malawian HIV clinics between 2007 and 2019. Event study analysis, which involves comparing outcomes before and after a policy change while accounting for clinic and year fixed effects, is a method for causal inference widely used by health economists.

At the time of electronic records adoption, roughly half of patients had stopped coming for treatment. The switch to electronic medical records allowed clinics to track patients more efficiently and support return to care among lapsed patients. Five years after the system was adopted, the annual number of patients who died was estimated to have fallen by 28%.

As with any study, there are important caveats to keep in mind. The findings are based on 106 clinics in Malawi, and while HIV clinics face common challenges across sub-Saharan Africa, results may not translate directly. The study also relies on administrative data, which means patient deaths could be slightly under-counted, and some patients who lapsed from care and returned under new identifiers may not have been accurately identified. Finally, it is not possible to directly observe whether clinic staff used the system to trace lapsed patients; instead, we infer this mechanism from the increase in the total number of patients actively returning to care after electronic records were introduced.

Paper records in a digital age

HIV care in Malawi is managed by the Ministry of Health, in collaboration with local and international organisations. HIV patient clinics are typically situated within larger hospitals or health centres. The 106 clinics in the study were responsible for treating 358,843 active patients as of 2018.

Under the traditional paper-based system, identifying a patient who missed a crucial appointment meant that staff had to manually sift through thousands of physical files. In an understaffed clinic, this often simply did not happen.

To address this, the Ministry of Health collaborated with Baobab Health Trust, a local NGO, to develop and implement a new electronic medical record system. The system involves touchscreen workstations designed for durability and ease of use. Because the system was designed to be user-friendly, it did not require hiring new, specialised personnel. Existing clinic staff were trained to operate the system in sessions as short as half a day.

How the system saves lives

The electronic system did not change the medication patients received, nor did it increase the number of doctors. Instead, it improved managerial efficiency. The system automatically generates a list of patients who have missed their appointments by a specific margin. This allows clinic staff to quickly identify who needs help and use their limited time to trace these patients. They could then call them or visit their homes to encourage them to return to care. According to the clinic staff we interviewed, patients often view this outreach as a form of social support and a sign that the clinic cares about their well-being.

The effects were immediate. In clinics equipped with electronic medical records, the probability of a patient being lapsed from care dropped significantly. In the year following its adoption, clinics saw a 17% increase in the number of patients actively in care.

The benefits were most profound for the most vulnerable patients: children. Children under the age of 10 are uniquely dependent on caregivers and are at the highest risk of dropping out of treatment. Before the electronic medical records were introduced, 57% of children had lapsed from care.

These lapses result in many child deaths, as HIV/Aids is fatal without treatment. Within five years of the adoption of electronic medical records, the number of children in this age group dying fell by 44%. The electronic system acts as a safety net, ensuring that when a child misses a visit, the clinic notices and acts before it is too late.

A cost-effective solution

The electronic medical system played an important role in Malawi’s success in the fight against HIV/Aids. By 2019, the rollout of this system across the 106 clinics in our study had prevented an estimated 5,050 deaths. The system helped clinics identify patients who had stopped receiving lifesaving care and encourage them to return.

The total cost for an average clinic to adopt the system, including hardware, installation and training, was approximately US$34,050. This was funded by the government with support from international donors.

Based on the number of deaths prevented within the first five years, we estimate the cost to be US$448 per life saved.

To put this in perspective, some of the world’s most highly rated charitable life-saving programmes are estimated to cost around US$4,500 per life saved. In the US, implementing electronic medical records to monitor the health of newborn babies costs roughly $531,000 per life saved.

The future of digital health in Africa

While the study focused on the transition from paper to electronic records up to 2019, the system has continued to evolve and scale. The 106 study facilities represent only a fraction of the more than 700 HIV clinics in Malawi. Scaling and sustaining this system across the remaining facilities represents a challenge and opportunity.

Our findings prove that digital health tools are not a luxury, and should not be reserved for rich countries. In low-resource settings, where staff are overburdened and patient volumes are high, managerial technologies like electronic medical records are a frontline, life-saving intervention. They allow health workers to shift their focus away from managing thousands of paper files and towards addressing patient needs.

As international aid dwindles, these kinds of efficiency gains will be key to delivering lifesaving care and maintaining progress in the fight against HIV/Aids.

– HIV in Malawi: digital filing system saved lives and boosted care – research
– https://theconversation.com/hiv-in-malawi-digital-filing-system-saved-lives-and-boosted-care-research-274646

China in Africa: investment and trade work well when there’s strong oversight, and badly when there isn’t

Source: The Conversation – Africa – By Vincent Tawiah, Assistant Professor in International Financial Reporting, Dublin City University

China’s economic footprint in Africa has grown fast over the last two decades. Across the continent, Chinese-backed mines, oilfields, railways and industrial zones have gone from being ambitious projects to central pillars of national development plans.

This has been made possible by over US$181 billion in infrastructure loans and about US$50 billion in foreign direct investment.

The China-Africa relationship is often portrayed as one of two things: either a threat to sovereignty or a development opportunity.

But the findings in a recent paper suggest it’s not so simple. Foreign investment becomes harmful only when domestic institutions allow it to be. Some forms of foreign engagement – such as natural resources for loans – may add to environmental pressures. But some strategic investment can support greener development. This is particularly true in infrastructure and productive sectors.

Based on these findings, and my work on economic, governance and environmental implications of Chinese investment and trade in Africa, it’s clear that Chinese engagement offers substantial economic opportunities. But it can also lead to the rapid depletion of vital energy and forest resources, undermining long-term development goals, if institutional “guardrails” are weak.

The results suggest that policymakers must insist on institutional reforms and environmental accountability if they want to achieve sustainable economic growth. Foreign economic activities must contribute to lasting national wealth rather than short-term extraction.

Beyond sustainability

The research looked at how Chinese foreign direct investment and trade influenced resource depletion across 28 African nations from 1998 to 2022.

It found that Chinese foreign direct investment accelerated depletion. This was notable in the energy and forestry sectors of countries with weak institutions.

Investment tended to push extraction beyond sustainable levels when:

  • environmental standards are unclear

  • enforcement bodies are underfunded

  • governance is compromised.

Forests shrank faster, mineral reserves were exploited aggressively and energy resources were depleted with little long-term planning.

The same study also noted that these risks were lower where governance is robust.

It found that foreign investment did not automatically lead to greater resource depletion were countries had stronger institutions, clear regulatory frameworks and credible oversight.

Botswana and Mauritius are examples.

Botswana has successfully averted the “resource curse” – when resource wealth leads to economic stagnation and corruption. It has done this by anchoring its economy in a robust rule of law and transparent institutional oversight. Central to this strategy is the Pula Fund, a sovereign wealth fund established in 1993.

The fund manages the long-term proceeds from the diamond industry by reinvesting them into foreign currency assets. This ensures that non-renewable mineral wealth is converted into sustainable financial capital for future generations.

Similarly, Mauritius uses regulations to ensure industrial investment does not harm the environment.

When oversight was credible, investment was channelled into sustainable, inclusive growth. This preserves national wealth for future generations.

But where governance was weak, the same investment could result in environmental degradation.

The Democratic Republic of Congo illustrated this. It has the world’s largest cobalt reserves. But weak government and persistent conflict have made it difficult to enforce mining codes. Artisanal and industrial mining practices cause severe water pollution and deforestation.

Similarly, Equatorial Guinea has an economy almost entirely dependent on oil. Producing more oil is seen as more important than meeting environmental standards. Transparency and accountability are poor.

The findings suggest that the environmental impact of Chinese involvement is not fixed. It hinges on whether African states have the institutional capacity to manage extraction responsibly.

Trade matters too, but governance still determines outcomes

Over the last two decades, China-Africa trade has rocketed. It shot up from US$10 billion in 2000 to $348 billion in 2025.

China exports high-value manufactured goods like electronics and solar panels. African exports mainly raw materials.

South Africa, the DRC, Nigeria and Angola together account for nearly half of the continent’s total trade volume with China.

The research found that trade with China played a more mixed role than investment.

On its own, trade didn’t appear to cause widespread environmental degradation. But in countries with weak governance, soaring trade demand often reinforced unsustainable practices. The energy sector was a case in point.

Without the referees of strong institutions, the pressure to meet export quotas encouraged intensified, unregulated extraction.

South Sudan and Nigeria illustrate this well. Conflict or corruption compromised oversight. Massive demand for crude oil led to bypassed environmental audits and severe localised pollution.

This creates a resource trap. Angola, for example, values immediate trade revenue over long-term ecological health. This leaves local communities to bear the cost of degraded landscapes and contaminated water.

What African governments can do

Across all forms of economic engagement, one factor shaped the outcome: governance quality.

The findings point towards what’s needed.

Firstly, stronger environmental regulation and enforcement.

Secondly, clear standards, independent oversight bodies and well-resourced regulatory agencies.

Thirdly, environmental safeguards in investment agreements. As part of project approvals, governments can require:

  • environmental restoration plans

  • transparent reporting of environmental impacts

  • community consultation.

Fourth, long-term resource management. Natural resources underpin energy security, biodiversity and future economic growth.

Fifth, transparency and public accountability. Open contracting, environmental disclosures and accessible data empower citizens and civil society to hold governments and investors to account.

Africa’s natural resources will become even more strategically valuable as global demand for minerals, energy and agricultural land continues to rise. Ensuring that this benefits African societies, rather than eroding their ecological foundations, will depend on one central factor: the strength of governance across the continent.

– China in Africa: investment and trade work well when there’s strong oversight, and badly when there isn’t
– https://theconversation.com/china-in-africa-investment-and-trade-work-well-when-theres-strong-oversight-and-badly-when-there-isnt-273815

Nigeria’s crypto boom isn’t just about technology – trust plays a role in the local gadget trade with China

Source: The Conversation – Africa – By Atta Addo, Senior Lecturer in Digital Innovation and Entrepreneurship, University of Surrey

On a humid afternoon in Nigeria’s commercial capital, Lagos, a young trader in electronics pulls out his phone and opens Binance, the world’s largest cryptocurrency trading platform by trading volume. He’s not monitoring the Bitcoin market or chasing the next crypto craze. He’s paying a supplier in the Chinese port city of Guangzhou for 500 smartphones.

Like numerous other traders at the Lagos Computer Village, he has a Binance digital wallet to store, send and receive cryptocurrency pegged to the US dollar (USDT). Within minutes, his payment lands in China. His supplier confirms. The phones will ship tomorrow.

Five years ago, this transaction would have been nearly impossible. The Lagos phone buyer would have had to queue at the nearby commercial bank; fill out forms for foreign exchange; and wait as long as 7-21 days for clearance. On top of that, there was no guarantee of foreign exchange approval being granted. The other alternative was turning to the black markets, which attract exorbitant rates.

Now? Welcome to Nigeria’s quiet cryptocurrency revolution. He taps his screen a few times. Done.

Developing countries are recording high cryptocurrency adoption rates surpassing more advanced economies. Nigeria stands out, with one of the highest rates of crypto adoption globally. But the reasons aren’t clear.


Read more: Crypto countries: Nigeria and El Salvador’s opposing journeys into digital currencies – podcast


The focus of my scholarly research is digital innovation and entrepreneurship. My co-researcher and I sought to examine cryptocurrency adoption and diffusion and its use for cross-border payments in the Nigerian context. We took a case study approach. Data collection involved two rounds of interviews with retailers from Nigeria, suppliers from China, informal exchangers, crypto brokers, and mediators.

One might think cryptocurrency’s appeal lies in its technology: decentralisation, the fact that it cannot be altered once recorded, all that. But our research found something else. Crypto works in Nigeria because of human networks of trust.

We have evidence to suggest that crypto adoption and diffusion in this context occurs through:

  • a reinforcing process of technology transformation, adoption and use

  • a strong coalition of the interests of diverse actors

  • a dynamic relationship between the technical elements of crypto and contextual political, economic, social, technological, legal, environmental influences.

Insights from the study might be useful for addressing adoption challenges and designing inclusive financial systems in similar contexts.

Meet the crypto brokers

Located in the capital of Lagos State, south-western Nigeria, the Computer Village hosts over 5,000 informal micro, small and medium enterprises. It is billed as Africa’s largest market for information and communication technology accessories. This was the focal point of our case study.

We interviewed retailers importing from China, the crypto brokers who help them, Chinese suppliers, and the network of intermediaries who make it all work. What emerged was a sophisticated parallel financial system processing millions monthly, built entirely outside traditional banking. Between July 2023 and June 2024, Nigeria is estimated to have processed US$59 billion in crypto transaction value, up to 85% of it from retail trade.

Here’s how it works in three quick steps lasting less than an hour:

  • A crypto broker sits in a small office near the market. Retailers call in with the local currency, naira.

  • The naira is converted into USDT using peer-to-peer exchanges; the stablecoin is sent to contacts in China.

  • These Chinese traders convert USDT to yuan and pay the supplier directly.

One broker told us:

Retailers don’t need to understand blockchain. That’s my job. They just know their supplier gets paid fast, and they save money.

Crypto brokers charge lower fees than banks or Western Union. But speed matters even more than cost. In Nigeria’s volatile economy, prices can shift overnight. A delayed payment might mean your supplier raises prices or your goods arrive after competitors have restocked. Crypto eliminates that risk.

These brokers didn’t emerge from fintech accelerators or venture capital. Many were young tech-savvy relatives of traders who saw a problem and built a solution. They positioned themselves as indispensable – the only way to get past Nigeria’s restricted financial system and and do global trade.

Brokers guarantee payments personally. If something goes wrong, they cover losses from their own pockets to maintain reputation. One broker told us he absorbed a ₦2 million loss (about US$2,500) when a Chinese intermediary disappeared with funds. Retailers recommend brokers to fellow traders in the tight-knit market community. Chinese crypto traders work only with verified contacts, often through elaborate referral systems.

Cryptocurrency here doesn’t replace human relationships. It’s technology that enables and extends existing trust networks, letting them operate at global scale.

The infrastructure of resilience

The system relies on more than just brokers and goodwill. Stablecoins like USDT solve volatility. Mobile wallets work on basic smartphones. QR codes enable transactions even when internet is patchy. Peer-to-peer exchanges bypass bank restrictions legally. Nigeria’s central bank had banned banks from crypto transactions since 2021 but reversed its decision in 2023, citing global regulatory trends.

When suppliers in China initially refused to accept cryptocurrency, brokers enrolled Chinese crypto traders as intermediaries. These traders buy USDT from Nigerian brokers (often at slight discounts, giving them profit), convert it to yuan, and pay suppliers through conventional Chinese banking. The supplier never touches crypto. They just receive payment.


Read more: Why do identical informal businesses set up side by side? It’s a survival tactic – Kenya study


This is innovation through adaptation. It is not building a perfect system from scratch, but cobbling together solutions from available pieces until something works.

Computer Village itself plays a role. Concentrated markets create information flow. Success stories spread fast. A trader mentions his broker completed a payment in 20 minutes, and suddenly five more retailers want introductions. Physical proximity accelerates network growth in ways digital advertising never could.

What happens when the state pushes back

In 2021, Nigeria’s central bank ordered commercial banks to close accounts dealing with cryptocurrency. The government worried about speculation, money laundering and capital flight. This sounded the death knell for crypto in Nigeria.


Read more: Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing


Instead, the network adapted. Brokers shifted to peer-to-peer platforms. Over-the-counter exchangers (informal traders who swap crypto for cash) expanded operations. Transaction volumes continued to grow.

What this means for Africa and beyond

Nigeria isn’t alone. Similar patterns appear across developing economies – Kenya, Ghana, Vietnam, India. Wherever formal financial systems strain under inflation, currency controls or institutional weakness, cryptocurrency fills gaps.


Read more: Stablecoins are gaining ground as digital currency in Africa: how to avoid risks


This isn’t speculation. Traders are using stablecoins as dollar-equivalent tokens that move faster and cheaper than wire transfers.

It’s also not “banking the unbanked” in the usual sense. Many of these traders have bank accounts. Banks just can’t provide what they need: rapid, affordable, reliable cross-border payments.

For policymakers, the lesson should be humbling. You can’t ban away an innovation that solves real problems. When formal institutions fail to serve economic needs, informal systems emerge. The question is whether governments will learn from these systems or simply fight them.

Mayowa Joy David contributed to the research on which this article is based.

– Nigeria’s crypto boom isn’t just about technology – trust plays a role in the local gadget trade with China
– https://theconversation.com/nigerias-crypto-boom-isnt-just-about-technology-trust-plays-a-role-in-the-local-gadget-trade-with-china-268319

Government welcomes continued growth in South Africa’s economy

Source: Government of South Africa

Government welcomes continued growth in South Africa’s economy

Government has welcomed the latest data released by Statistics South Africa showing that South Africa’s economy grew by 1.1% in 2025, with Gross Domestic Product (GDP) expanding by 0.4% in the fourth quarter.  

Fourth quarter performance, covering the period from October to December, marks the fifth consecutive quarter of economic growth, signalling continued resilience in the economy, despite a challenging global environment. 

On the production side, growth was largely driven by key service-related sectors, including finance, real estate and business services, as well as trade, catering and accommodation and personal services.

Positive contributions were also recorded in agriculture and general government services, further supporting overall economic activity during the quarter.

On the expenditure side, economic expansion was supported by increased household spending, growth in gross fixed capital formation, and higher government consumption, which together contributed to the positive quarterly outcome.

The fourth quarter performance helped to lift annual GDP growth to 1.1% in 2025, the highest annual growth rate since 2022 when the economy expanded by 2.1%.

Government said the sustained growth reflects the impact of ongoing economic reforms and partnerships aimed at strengthening the country’s economic performance.

“Government believes that the reforms that are being implemented through Operation Vulindlela and the Government-Business partnership are enablers of this sustained growth,” government said in a statement. 

Government said that it will continue working with social and economic partners to accelerate inclusive growth, support investment and build a resilient economy. 

“Government will continue to work with all partners to accelerate inclusive growth, support investment and build a resilient economy that delivers sustainable development and job creation,” the statement read. – SAnews.gov.za

DikelediM

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‘Fiscal discipline non-negotiable’: Maile tables Gauteng budget

Source: Government of South Africa

‘Fiscal discipline non-negotiable’: Maile tables Gauteng budget

Gauteng MEC for Finance and Economic Development Lebogang Maile has tabled a R179.2 billion budget for the 2026/27 financial year aimed at improving frontline services, accelerating infrastructure delivery and maintaining fiscal discipline.

Maile presented the provincial government’s budget in the Gauteng Provincial Legislature on Tuesday morning.

The MEC described the budget as demonstrative of government’s determination to tackle Gauteng’s most pressing challenges, despite a constrained fiscal environment.

“The reality of the situation is that while Gauteng remains the economic nerve-centre of the national economy, we do not have limitless resources. 

“We too are constrained by the realities of the global and national economic environment. For this reason, we recognise that we cannot resource everything. We must be intentional in funding what works,” he said.

Frontline services

Maile said the social wage, consisting of Health, Education and Social Development, accounts for some 83% of the total budget.

The provincial Health Department has been allocated a total of R70.3 billion in 2026/2027, increasing to R218.6 billion over the Medium Term Expenditure Framework (MTEF).

“[This] is to strengthen the public health system, expand access and improve the quality of care.

“The funding will support maternal and child health, the Ideal Clinic and Ideal Hospital programmes, improved emergency medical response times, the integration of mental health services at community level, digital health systems and electronic records, as well as stronger HIV and TB interventions,” Maile said.

Education receives some R70.9 billion in the 2026/2027 financial year, increasing to R221.8 billion over the MTEF.

“[The allocation is] to improve learning outcomes from early childhood right through to matric, while also strengthening safe and inclusive schooling.

“This allocation supports the Early Childhood Development Strategy, learner performance programmes such as the Secondary School Improvement Programme, school safety initiatives, pro-poor interventions, including nutrition and scholar transport, Schools of Specialisation, and inclusive education through special schools,” the MEC explained.

An allocation of R5.6 billion in 2026/2027 has been directed towards social development.

The allocation will increase to R17.2 billion over the MTEF to “strengthen partnerships and targeted social programmes”.

“The funding will go towards skills development for vulnerable groups, the provincial homelessness strategy, food security interventions, Bana Pele, child and youth care centres, community prevention services, substance use disorder treatment, aftercare services, and upgrades to State-owned facilities,” Maile said.

Infrastructure development

In line with the national stance on the importance of infrastructure development, Gauteng’s budget includes a R36.4 billion allocation for the programme over the 2026 MTEF.

“Of this allocation, R26.2 billion is from conditional grants and R10.2 billion from the Provincial Equitable Share.

“The Departments of Health, Education, Human Settlements, Roads and Transport, and Education received an allocation of R34.4 billion, whilst the Departments of Sports, Arts, Culture and Recreation, Infrastructure Development and Economic Development Social Development, Agriculture and Environment received a total funding of R2.1 billion,” Maile said.

Explaining how this would be carved up, Maile said that some R22.7 billion is aimed at “increasing the existing infrastructure capacity in response to increasing demand for services”.

Another R13.8 billion is made available to “improve the condition of the existing infrastructure and activities undertaken to support the delivery of infrastructure”.

“In the National Budget, it was reiterated that infrastructure investment is the base for long-term growth, improved service delivery and job creation, and that government is shifting spending toward growth-enhancing infrastructure. 

“When we speak about infrastructure, we are not speaking about concrete for its own sake. We are talking about clinics and hospitals that work, safe communities with functioning police stations, learning spaces that do not fail young people, and post-school opportunities that are real.

“This is the practical meaning of hope, and this is what commitment looks like when it is written into the budget,” Maile reflected.

Fiscal discipline and accountability

Maile outlined the province’s measures to strengthen financial management, including the roll out of the Budget Monitoring Initiative from the beginning of the next financial year.

“[We] will roll out the Budget Monitoring Initiative in departments and entities, which will ensure that approved budgets are seamlessly uploaded and aligned across our platforms, creating a single source of truth.

“This integration enables automated, real-time validation of funds before any procurement commitment is made. These reforms have been rolled out through a careful, phased approach – starting with extensive stakeholder awareness, capacity building, and readiness assessments,” he said.

The move is complemented with the expansion of the Digital Requisition Forms (RLS01) and Requests for Quotation (RFQ) for departments and the TendaSwift tender management platform.

“This ensures that procurement activities remain aligned with approved budgets and embedded controls, while shortening processing times, standardising procedures, and generating reliable, paperless audit trails.

“Our efforts to automate and digitise the entire tender management process in the province are gaining momentum.

“Since the launch of the pilot phase of TendaSwift in December last year, in partnership with the Gautrain Management Agency, the province has since advertised three tenders on the platform, a clear demonstration that we are committed to increase transparency, open competition and modernise the procurement process,” he explained.

The MEC emphasised that as the province enters the new financial year, “maintaining fiscal discipline is non-negotiable”.

“Fiscal discipline demands that the provincial and municipal governments maintain fiscal positions that are consistent with macroeconomic stability and sustained inclusive economic growth.

“We will continue to do everything possible to restore public finances, create fiscal space, improve the quality of spending and sustain investment in priorities and infrastructure to realise the Gauteng that we want to live and work in,” Maile concluded. – SAnews.gov.za

NeoB

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La Cour fédérale américaine rejette toutes les accusations contre Binance dans le cadre d’un procès pour terrorisme

Source: Africa Press Organisation – French


La Cour rejette les allégations selon lesquelles Binance (www.Binance.com) aurait aidé, participé ou conspiré avec des terroristes. Cela représente un rejet définitif de toutes les accusations portées à son endroit.

Binance, la plus grande bourse de cryptomonnaies au monde en termes d’utilisateurs enregistrés, a annoncé aujourd’hui qu’un tribunal fédéral américain du district sud de New York avait rejeté toutes les plaintes déposées contre la société en vertu de la loi antiterroriste (ATA). Le procès impliquait 535 plaignants qui affirmaient que Binance avait fourni un appui matériel lié à 64 attentats terroristes.

Dans une décision de 62 pages, la Cour a estimé que les plaignants n’avaient pas réussi à établir la légitimité de leurs allégations principales : que Binance avait aidé des terroristes, que Binance s’était associé à des attentats terroristes, que Binance avait participé ou cherché à favoriser ces attentats, ou que Binance avait conspiré avec des organisations terroristes.

« Ce rejet est une justification complète de toutes les fausses allégations », a déclaré Eleanor Hughes, directrice juridique de Binance. « Le tribunal a rejeté sans ambiguïté les allégations diffamatrices et infondées selon lesquelles Binance aurait aidé des terroristes. Nous avons toujours soutenu que ces allégations étaient sans fondement, et la décision d’aujourd’hui le confirme. Nous continuerons à nous défendre avec vigueur contre tout litige ou rapport qui déforme notre identité et notre mode de fonctionnement. »

Une victoire juridique totale et complète

La décision du tribunal de débouter toutes les plaintes, pour toutes les allégations, représente une victoire juridique décisive.

Bien que la Cour ait accordé aux plaignants un délai de 60 jours pour étayer leur plainte à la lumière d’une récente décision d’appel, Binance est convaincue qu’aucun changement ne pourra remédier aux lacunes fondamentales identifiées par la Cour. Les allégations sous-jacentes ont été examinées de manière approfondie et déboutées.

Engagement en faveur de la conformité et de l’intégrité juridique

Binance a toujours investi dans une infrastructure de conformité, un engagement réglementaire et une gouvernance juridique de pointe. La décision rendue aujourd’hui confirme que les activités de Binance n’appuient, ne facilitent ni ne tolèrent le terrorisme sous quelque forme que ce soit.

La société continuera à collaborer de manière constructive avec les législateurs du monde entier, à opérer dans le cadre juridique établi et à intenter des actions en justice vigoureuses lorsque cela s’avérera nécessaire pour corriger les discours fallacieux et mensongers concernant ses activités.

Distribué par APO Group pour Binance.

À propos de Binance :
Binance est un écosystème blockchain mondial de premier plan qui sous-tend la plus grande bourse de cryptomonnaies au monde en termes de volume de transactions et d’utilisateurs enregistrés. Binance bénéficie de la confiance de plus de 310 millions de personnes dans plus de 100 pays grâce à sa sécurité de pointe, sa transparence et son portefeuille inégalé de produits d’actifs numériques. Pour plus d’informations, rendez-vous sur : www.Binance.com

Hlabisa calls for collective action to reform local government

Source: Government of South Africa

Hlabisa calls for collective action to reform local government

Cooperative Governance and Traditional Affairs Minister, Velenkosini Hlabisa, has called for urgent and coordinated action to reform South Africa’s local government system, stressing that municipalities must become stable, capable and reliable drivers of economic growth and service delivery.

Hlabisa made the call during the White Paper on Local Government Executive Dialogue with business leaders organised under the National Business Initiative in Centurion on Tuesday.

“South Africa requires a stable, capable and predictable local governance system that works consistently. Such a system cannot be rebuilt through short-term fixes. This is why the review adopts short-, medium- and long-term horizons, recognising that meaningful reform must be sequenced over time,” the Minister said.

The dialogue, hosted at Exxaro Resources, brought together senior government officials and business leaders to discuss the revised draft White Paper on Local Government and explore ways to strengthen municipalities.

The review process is guided by the theme: “Every Municipality Must Work: A Call to Collective Action”.

Hlabisa said government aims to ensure that municipalities function effectively for communities and businesses. 

“Local government is the sphere closest to the people and the primary platform for economic growth and social development,” he said.

The Minister highlighted that the first White Paper on Local Government was adopted in 1998; and with this exercise, government is reimagining the next 30 years and charting a clear path for a modern, coherent, and resilient local government system. 

“Today is about moving South Africa’s local government reforms from paper to practice, from discussion to disciplined execution, and from isolated fixes to a system that works in real places for households and firms, every day,” he said. 

The Minister said government launched the review process last year and received 266 submissions from municipalities, business organisations, civil society, academia and traditional leaders.

These inputs helped shape the revised draft White Paper, which outlines a sequenced reform agenda aimed at modernising the country’s local government system over the next 30 years.

Hlabisa said the reforms come at a time when many municipalities are under severe pressure.

According to the latest consolidated municipal finance report by the Auditor-General of South Africa, only 41 of the country’s 257 municipalities achieved clean audits in the 2023/24 financial year, highlighting ongoing financial and governance challenges.

“These findings echo what communities and businesses experience: failing infrastructure, rising operating costs, and declining trust in the reliability of basic services,” Hlabisa said.

He outlined several key proposals contained in the draft White Paper, including treating local government as an integrated system rather than isolated institutions.

Among the proposals is the establishment of a national policy coordination centre to streamline regulations affecting municipalities and reduce duplication and conflicting requirements.

The White Paper also proposes a clearer framework outlining powers and functions across the three spheres of government to improve coordination and reduce disputes over responsibilities.

Hlabisa said the reforms will also introduce a data-driven oversight and early-warning system to identify risks in municipalities early and trigger support interventions before governance or financial crises occur.

He further emphasised the need for professionalisation within municipalities, including merit-based appointments and enforceable standards for senior officials.

The revised White Paper also proposes the development of a municipal digital governance system to integrate financial management, procurement, asset management and service delivery processes, improving transparency and accountability.

Hlabisa said collaboration between government and business would be critical to ensuring the success of the reforms.

“This dialogue is not another consultation tick-box. It is a working session at a critical juncture: the last structured opportunity for organised business to shape the final Draft White Paper before Cabinet consideration at the end of this month. We have the analysis. We have the architecture. What we need now is joint execution discipline,” he said.

He urged business leaders to provide practical proposals that could strengthen the implementation of reforms and help ensure municipalities become functional and investment ready.

The final draft of the White Paper on Local Government is expected to be submitted to Cabinet for consideration later this month. – SAnews.gov.za

DikelediM

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Traditional leaders remain vital partners in governance and development

Source: Government of South Africa

Traditional leaders remain vital partners in governance and development

Deputy President Paul Mashatile has reaffirmed government’s commitment to strengthening the role of traditional leaders, saying they remain a vital pillar of governance and social cohesion, particularly in rural communities. 

The Deputy President delivered the virtual keynote address at the Eastern Cape Traditional Leaders’ Summit held at the East London International Convention Centre, on Tuesday. 

The two-day summit, which brings together traditional leaders, government officials and other stakeholders, is aimed at addressing challenges facing traditional leadership institutions and exploring ways to strengthen cooperation between government and traditional authorities.

Mashatile said traditional leaders continue to play a significant role in preserving cultural heritage, promoting social cohesion and supporting development in communities.

“Government will never render traditional leaders irrelevant. On the contrary, we recognise that traditional leadership remains a vital pillar of governance, particularly in rural communities,” he said.

He noted that traditional leaders historically served as the centre of governance in African societies, long before colonial rule, resolving disputes and guiding communities through systems rooted in trust and service.

The Deputy President said South Africa’s democratic order recognises the importance of traditional leadership through constitutional provisions that affirm the institution and its role in society. 

Legislative frameworks, such as the Traditional Leadership and Governance Framework Act, have aligned traditional leadership with democratic principles, enabling traditional councils to work alongside municipalities within the system of cooperative governance.

Mashatile said government has taken steps to restore the dignity and recognition of traditional leadership, including the establishment of platforms such as the National House of Traditional and Khoi-San Leaders, and Provincial and Local houses.

“Platforms such as the National House of Traditional and Khoi-San Leaders, as well as Provincial and Local Houses, ensure that traditional leaders participate in shaping policies that affect rural communities.

“Through these structures, traditional leaders have consistently raised critical issues including land rights, socio-economic development, institutional capacity, infrastructure support, policy reforms, and social cohesion,” he said.

Mashatile also highlighted the establishment of the Inter-Ministerial Task Team on Matters of Traditional Leadership in 2022 to address issues raised by traditional leaders.

The task team focuses on advancing land rights and socio-economic development, strengthening traditional institutions, investing in infrastructure and skills, promoting nation-building and unity, and finalising policy and legislative reforms.

The Deputy President urged traditional leaders to work closely with municipalities and provincial governments to address service delivery challenges and mobilise communities to protect public infrastructure such as schools, clinics and water systems.

He further called on traditional leaders to take an active role in tackling social challenges such as gender-based violence, substance abuse and youth unemployment.

“Our government has classified gender-based violence and femicide as a national disaster to strengthen coordination in addressing this crisis. But legislation alone cannot change behaviour. Community leadership is essential in challenging harmful attitudes and practices that perpetuate violence,” he said. 

Mashatile also emphasised the role of traditional leaders as custodians of communal land, saying the responsible management of land could unlock opportunities for agriculture, job creation and food security in rural communities.

Government initiatives such as the Presidential Employment Stimulus have already created more than 2.5 million employment and livelihood opportunities, many benefiting young people in rural areas. 

Mashatile also encouraged traditional leaders to actively participate in the ongoing National Dialogue process, noting that traditional and Khoi-San leaders are represented in the Eminent Persons Group and the National Dialogue Steering Committee.

The summit continues until Wednesday and is expected to produce practical recommendations to strengthen cooperation between government and traditional leadership for the benefit of communities under traditional authorities. – SAnews.gov.za

DikelediM

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