Afreximbank Sweeps 2025 Bloomberg Africa Borrower Loans League Tables; Affirming Top Spot as Africa’s Leading Arranger and Bookrunner

Source: APO

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has solidified its dominance in African capital markets, clinching the Number 1 ranking as both Mandated Lead Arranger and Bookrunner in the 2025 Bloomberg Africa Borrower Loans League Tables, as well as the Number 3 ranking for Administrative Agent.

These rankings recognise the Bank’s leadership in arranging debt solutions and mobilising large-scale capital from both within and outside Africa from a diverse range of investors to anchor the continent’s economic growth. 

The results mark a continued ranking of Afreximbank as one of Africa’s market leaders at the top of the Bloomberg league tables over the past years. As Bookrunner, Afreximbank held 21.66% market share comprising 14 deals.

As Mandated Lead Arranger, the Bank accounted for 23.65% market share comprising 20 transactions. The activity, which accounted for these 20 deals, consisted primarily of syndicated transactions in the oil and gas sector, reflecting the Bank’s strategic intervention in closing the significant financing gap in the sector on the continent. The Number 3 Administrative Agency ranking delivered a market share of 13.92% with 13 deals, which also over-indexed in the oil and gas sector.

The Bloomberg Africa Borrower Loans League Tables are a subset of the Bloomberg Capital Markets League Tables, which represent the top arrangers, bookrunners and advisors across a broad array of deal types including loans, bonds, equity and M&A transactions, according to Bloomberg standards. It is a critical tool for investment bankers and analysts to evaluate market share, analyse competitors and identify market trends.

Haytham Elmaayergi, Executive Vice President, Global Trade Bank at Afreximbank, commented:

“I am delighted that the stellar performance of our colleagues has been reflected in Bloomberg’s prestigious league tables, which is a real testament to their assiduous determination and capability. The rankings underscore Afreximbank’s commitment to facilitating capital flows in order to drive economic growth and prosperity in the continent. We will continue to focus on leveraging our unique position to promote high-impact investments and bridge the financing gap across Africa’s most critical sectors.”

Distributed by APO Group on behalf of Afreximbank.

Media Contact:
Vincent Musumba
Communications and Events Manager (Media Relations)
Email: press@afreximbank.com

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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), and Japan Credit Rating Agency (JCR) (A-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

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Deputy President Mashatile to brief the NCOP on efforts to combat acts of corruption in the SAPS and illegal mining in Gauteng's East and West Rand

Source: President of South Africa –

Deputy President Shipokosa Paulus Mashatile will on Thursday, 05 March 2026, respond to Questions for Oral Reply in the National Council of Provinces (NCOP) in Parliament, Cape Town.

In his capacity as Chairperson of the Justice, Crime Prevention and Security (JCPS) Cabinet Committee and Leader of Government Business in Parliament, the Deputy President will address a range of critical governance and service delivery matters affecting provinces and municipalities across the country.

Among the key matters to be addressed, the Deputy President will update Members on Government strategies to prevent corruption in the South African Police Service (SAPS) and outline corrective measures implemented by the JCPS Cluster to detect and prevent corruption within SAPS and the criminal justice system as a whole.

Deputy President Mashatile will reaffirm Government’s commitment to safeguarding the integrity of the criminal justice system and ensuring that corruption within law enforcement agencies is decisively rooted out.

The Deputy President will also respond to questions regarding the escalation of illegal mining activities in Gauteng’s East and West Rand areas, including in the underlying informal settlements.

Government remains resolute in restoring order, protecting communities, and dismantling organised criminal networks that undermine economic stability and public safety.

Other matters for Oral Reply by Deputy President Mashatile include the decline and restoration of the national rail transport system; the state of distressed and dysfunctional municipalities; as well as measures to address the national water crisis and incomplete infrastructure projects.

Details of the sitting are as follows:

Date: Thursday, 05 March 2026
Time: 14h00
Venue: NCOP Chamber, Parliament, Cape Town

The Q&A Session will be streamed live on the Parliamentary Channel 408 and Parliamentary YouTube channel.

For more information please contact Sam Bopape on 082 318 5251.

Media enquiries: Mr Keith Khoza, Acting Spokesperson to the Deputy President, on 066 195 8840

Issued by: The Presidency
Pretoria

Kenya introduces World Health Organization (WHO) child development assessment tool in national health survey for the first time

Source: APO


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For the first time, Kenya has measured how children under five are growing, learning, and developing as part of a major national health survey, a move that could reshape how the country designs and delivers support for its youngest citizens.

The early years of a child’s life are widely recognised as the most significant period of brain development. The quality of nurturing care a child receives during this time, including good health, adequate nutrition, safety and security, responsive caregiving, and opportunities for early learning, can shape children’s growth and help them reach their full potential.

The Kenya National Bureau of Statistics completed data collection earlier this year across 30,000 households in 1,000 communities nationwide. Alongside established health indicators, the survey incorporated the World Health Organization’s Global Scales for Early Development (GSED), a tool specifically designed to assess the holistic development of children from birth to three years old, capturing not just physical health but also how children are thinking, communicating, and interacting with the world around them.  

The tool was adapted for the Kenyan context, translated into local languages, and delivered using simple, engaging picture cards. Alongside it, a complementary tool developed by UNICEF, the Early Childhood Development Index 2030, was also incorporated into the survey measuring the development of children from three to five years old. Together, the two tools provided comprehensive coverage of early childhood development from birth to five years old.

“Feedback from data collectors confirmed that mothers responded positively to the simple, engaging picture cards, creating a welcoming environment that supported effective data collection,” said Dr Makeba, WHO Kenya technical lead for child health.  

A key part of WHO’s contribution was building the capacity of the Kenya National Bureau of Statistics, the Ministry of Health, and partners through dedicated training on the WHO tool, enabling field teams to implement it successfully across all survey sites. The Kenya National Bureau of Statistics then took this training to the field, equipping 150 data collectors across all 47 counties.

The findings, once analysed, are expected to give Kenyan authorities a clearer picture than ever before of whether children are thriving and whether they are falling behind, and crucially, why.

The survey, formally known as the Kenya Mini Demographic and Health Survey 2025/26, was designed to provide an important health check between the Kenya Demographic and Health Survey 2022 and the next full national survey. It also gathered broader health data from women aged 15 to 49, covering maternal and child health, family planning, reproductive health, health insurance, and domestic violence.

Analysis of the results is now underway. The expectation is that the evidence gathered will directly inform national policies and spending decisions, giving planners the tools to direct resources where children need them most.

“WHO is proud to be part of this journey, and we look forward to seeing the final results and the opportunities they will create to improve the health and wellbeing of children across Kenya,” said Dr. Neema Rusibamayila Kimambo, WHO representative a.i. to Kenya.

Distributed by APO Group on behalf of World Health Organization – Kenya.

Regional Stakeholders Gather to Define a Renewed Trajectory for Trade, Economic Integration and Sustainable Development in West Africa

Source: APO


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From 3 to 6 March 2026, the Republic of Côte d’Ivoire is hosting a regional consultation on the Future of Trade, Economic Integration and Sustainable Development in West Africa. Organized by the ECOWAS Commission, this meeting forms part of the preparatory process for the forthcoming Special Summit of Heads of State and Government on the future of the Community.

Since its establishment in 1975, ECOWAS has emerged as a cornerstone of African regional integration, notably through the promotion of the free movement of persons and goods, coordinated peace and security interventions, and the progressive harmonization of economic and sectoral policies. These achievements have significantly strengthened cooperation and solidarity among ECOWAS Member States.

However, evolving geopolitical dynamics, global economic disruptions, persistent security challenges, rapid digital transformation, and mounting climate pressures call for a comprehensive strategic reassessment of the Community’s integration agenda. In this context, renewed collective commitment and innovative policy responses are essential.

Held under the theme, “Future of Trade, Economic Integration and Sustainable Development in West Africa” the consultation provides an inclusive and forward-looking platform for dialogue on the current and emerging challenges facing regional integration in West Africa.

The official opening ceremony took place on Tuesday, 3 March 2026, in Abidjan. The opening address was delivered on behalf of the Government of Côte d’Ivoire by H.E. Adama Dosso, Deputy Minister to the Minister of State, Minister of Foreign Affairs and International Cooperation, in charge of African Integration and Ivorians Abroad. Other distinguished speakers included Mr. Cassimir Migan, First Vice President of the Federation of West African Chamber of Commerce and Industry (FEWACCI), representing Mr. Faman Touré, President of the FEWACCI; Cheikh Mouhamady Cissokho, Honorary President of ROPPA; Honourable Adjaratou Traoré, Member of Parliament of Côte d’Ivoire and Second Vice-President of the ECOWAS Parliament, representing the Honourable Hadja Mémounatou Ibrahima, Speaker of the ECOWAS Parliament; Honorable Dr. Kalilou Sylla, Commissioner for Economic Affairs and Agriculture of the ECOWAS Commission; and Dr. Mohamed Ibn Chambas, Chair of the ECOWAS Trade Liberalization Scheme Task Force and former President of the ECOWAS Commission.

In his remarks, Dr. Kalilou Sylla emphasized that the consultation aims to initiate an in-depth and constructive debate on regional economic integration, and multilateralism in order to formulate responses aligned with the aspirations of present and future generations. He noted that the meeting represents a decisive step toward building a people-centered ECOWAS founded on peace, shared prosperity, and inclusive and sustainable development.

At the heart of the discussions is the advancement of economic integration and sustainable development within an international environment marked by renewed protectionist policies, trade tensions, intensified competition for strategic minerals, the rapid rise of artificial intelligence and emerging technologies, as well as the challenges posed by climate change and demographic pressures. Particular emphasis is placed on the inclusion of youth and women as essential drivers of transformation and regional resilience.

Despite notable progress, intraregional trade remains below 15 percent, reflecting the persistence of non-tariff barriers, infrastructure deficits, and continued dependence on primary commodity exports. Participants will therefore examine practical measures to accelerate the effective implementation of the ECOWAS regional common market, in line with Vision 2050, which seeks to establish a fully integrated region supported by strong institutions that uphold fundamental rights and promote sustainable growth.

The consultation brings together key stakeholders from across West Africa, including representatives of national ministries responsible for regional integration, the organized private sector, regional professional associations, civil society organizations, and academia. Deliberations are structured around plenary sessions and thematic working groups addressing the realization of the regional common market, the pathway toward a single regional currency, the strategic role of women and youth in a transforming global economy, and climate-smart agriculture as a pillar of food security and sovereignty.

In addition, a multi-stakeholder panel will provide an opportunity to share Côte d’Ivoire’s experience in regional integration and to explore forward-looking perspectives aimed at strengthening economic cooperation and sustainable development throughout the Community.

Distributed by APO Group on behalf of Economic Community of West African States (ECOWAS).

Morolong engages North West provincial government 

Source: Government of South Africa

Morolong engages North West provincial government 

Deputy Minister in the Presidency Kenny Morolong, responsible for the Government Communication and Information System (GCIS) on Wednesday engaged with members of the North West provincial government where he emphasised the importance of government communications to the public.

The GCIS provides strategic communication leadership and support in government communications to all of government. It further leads government communication through the submission of a National Communication Strategy to Cabinet.

“Your responsibility as the provincial government is to implement the national policy,” Morolong said.

In his remarks to Members of the Executive Council (MECs), Morolong said Cabinet recently resolved on the review of the Government Communication Policy.

“I am here to socialise the Government Communication Policy with provincial government executives,” he said.
Morolong said in carrying out its responsibilities, the GCIS is working with the Media Development and Diversity Agency (MDDA) and Brand South Africa (Brand SA).

He explained that the MDDA helps to create an enabling environment for media development and diversity that is conducive to public discourse and which reflects the needs and aspirations of all South Africans.

The MDDA, as part of its responsibilities, promotes media development and diversity by providing support primarily to community and small commercial media projects.

“Brand SA’s mandate is to make sure that South Africa is globally competitive and that it is an admired brand internationally.”

Brand SA is South Africa’s official marketing agency appointed to promote the country’s reputation.

The primary objective of Brand South Africa is to develop and implement proactive marketing and communication strategies for South Africa, with and through stakeholders, to promote South Africa’s competitiveness and attractiveness to both domestic and international audiences.

Following a closed session with the Deputy Minister, North West Premier Lazarus Mokgosi said part of the discussions were around how to “position communications in the three spheres of government at the centre of communicating to the people”.

“Our responsibility as government is to tell people what government does,” Mokgosi said, emphasising the need for the community media to be supported.

“Departments must report on progress on how are they supporting the local media. We are going to up the game in supporting the local media, we have a responsibility as a province to support local media,” he said.

Sandile Nene, the Acting Deputy Director-General for Content Processing and Dissemination at the GCIS spoke on the Government Communication Policy and the establishment of a Task Group on Government Communications in 1995 by the then Deputy President Thabo Mbeki. 

He explained how the GCIS was established while also unpacking to the executives the importance of communicating government messages to the public as this plays a role in improving people’s lives.

“People need to know where to go for government services,” he said. 

Morolong was accompanied by GCIS senior officials, MDDA and Brand SA officials. The Deputy Minister’s day concluded by a visit to Mmabatho FM were he engaged with the listeners. – SAnews.gov.za

 

Edwin

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Gautrain to continue operating under PPP model

Source: Government of South Africa

Gautrain to continue operating under PPP model

As the Gauteng Provincial Government and the Gautrain Management Agency (GMA) begin the process of appointing a new private operator, commuters have been assured that the Gautrain will continue operating under a Public-Private Partnership (PPP) model beyond 2026. 

This guarantee follows the announcement that the concession agreement between the Gauteng Provincial Government and private partner, Bombela Concession Company (Pty) Ltd (BCC), ends on 27 March 2026.

BCC currently holds a 19½-year concession for the design, construction, partial financing, operation and maintenance of the Gautrain system.

“As the current concession agreement approaches its conclusion, the process of appointing a new private partner to operate, maintain, refurbish, upgrade and modernise the Gautrain system for the next 15 years is at an advanced stage of negotiation.

“As one of South Africa’s largest and most successful PPP projects, the Gautrain will continue operating under the PPP model beyond this date, ensuring stability, continuity and sustained private-sector participation,” a joint statement by GMA and the provincial government explained on Wednesday.

By 27 March 2026, the costs associated with establishing the Gautrain project will have been fully paid off. 

As a State-owned asset, the Gautrain is valued at approximately R45 billion.

“This important step positions the post-2026 Gautrain Project to realise enhanced economic and operational benefits for the province and its residents. 

“A preferred bidder has been identified for the new concession agreement. During the negotiation period, the GMA has triggered a contractual holdover arrangement as of 28 March 2026, which will allow the current operator, Bombela Operating Company (BOC), to continue operating the Gautrain system as per the existing Concession Agreement, which makes provision for a holdover period of six months, thereby ensuring uninterrupted service to passengers,” the statement continued.

In parallel with ensuring operational continuity, the Gautrain remains committed to making public transport more accessible and affordable. 

Among its initiatives is KlevaMova, which provides a 50% discount on train fares to qualifying low-income earners, scholars, pensioners and South African Social Security Agency (SASSA) disability grant recipients.

Since its launch in May 2025, thousands of eligible passengers have registered for KlevaMova. 

Students under the age of 25 also benefit from a 50% discount through the Student Product introduced in 2022.

The GMA continues to support the Gauteng Provincial Government in advancing transport and rail-related initiatives, including the rollout of smart Driver’s Licence Testing Centres located closer to communities, particularly within Townships, Informal Settlements and Hostels.

“As we transition into the post-2026 phase, our priority is to safeguard service continuity, strengthen private-sector participation, and ensure that the Gautrain continues to contribute meaningfully to economic growth, job creation and improved mobility for all residents of Gauteng,” Gauteng MEC for Roads and Transport Kedibone Diale-Tlabela said. – SAnews.gov.za

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Energy security a ‘guarantor of dignity’

Source: Government of South Africa

Energy security a ‘guarantor of dignity’

Electricity and Energy Minister Dr Kgosientsho Ramokgopa has highlighted the importance of energy security, insisting that electricity is far more than a utility, it is the bedrock of human dignity and economic possibility.

“Energy is not an isolated sector. It is the foundation of growth, the enabler of trade, the engine of industrial development and the guarantor of dignity for South Africa and for the continent as a whole,” the Minister said, speaking at the Africa Energy Indaba.

The three-day indaba is being held at the Cape Town International Convention Centre this week.

Ramokgopa’s remarks come at a critical time as the continent grapples with the dual need for development on one hand and the global push for decarbonisation of economies on the other.

To navigate this, the Minister insisted that the journey toward cleaner energy must be intrinsically linked to the lived realities of African citizens.

“The energy transition must be developmental. It must expand access, strengthen resilience, unlock investment and accelerate industrialisation.

“It must also advance continental integration through interconnection, competitive markets and coordinated planning,” he insisted.

Ramokgopa highlighted that these goals are not “abstract aspirations” but are set out in continental roadmaps.

“They are central to Africa’s Agenda 2063. They are embedded in the African Single Electricity Market. They are reflected in the Ten-Year Africa Energy Infrastructure Investment Plan for cross border interconnectivity and they are reinforced by initiatives such as Mission 300 which seeks to accelerate access at scale,” the Minister said.

He added that the success of these African-led plans hinges on more than just financial modelling or technical specifications as it also requires a shift in political will and governance.

“[Achieving] these ambitious figures requires political leadership at the highest level. It requires clarity of direction.

“It requires institutional reform. It requires investment confidence and above all, it requires firm commitment to inclusive and sustainable growth,” he said.

The Minister reflected that as the global order evolves, the voice of the continent is beginning to be heard in rooms where it was previously silent.

“South Africa is privileged to host this gathering at a time when our continent’s voice in global forums continues to strengthen. The African Union’s permanent membership in the G20 has reinforced the centrality of Africa in the global economic governance.

“Our collective priorities around energy security, energy development and just transitions are now firmly on the global agenda,” Ramokgopa said. – SAnews.gov.za

 

NeoB

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Cameroun : le Groupe de la Banque africaine de développement accompagne la mise en route d’un ambitieux projet d’aménagement de la Zone industrielle intégrée au Port de Kribi

Source: Africa Press Organisation – French

La société chargée du développement de la future zone industrielle intégrée adossée au port en eau profonde de Kribi, la « Kribi Port Industrial Zone (KPIZ) », a été officiellement lancée le 26 février 2026, à Yaoundé. Cette initiative ambitieuse s’inscrit dans le cadre d’un projet structurant soutenu par le Groupe de la Banque africaine de développement (www.AfDB.org).

La cérémonie, présidée par Patrice Melom, président du Conseil d’administration de KPIZ et directeur général du Port autonome de Kribi, s’est tenue en présence des actionnaires engagés dans le développement de la zone, à savoir Africa Global Logistics (AGL), Arise Integrated Industrial Platforms et Belmont Investments LTD, de membres du gouvernement, de chefs de missions diplomatiques ainsi que de représentants d’organisations internationales.

Adossée au Port autonome de Kribi, devenu l’un des hubs portuaires majeurs du continent, la zone industrielle intégrée au port s’affirme comme un levier stratégique au service du Plan directeur d’industrialisation et de la Stratégie nationale de développement du Cameroun. Elle vise à diversifier la production nationale, accroître la part du secteur manufacturier dans le PIB et dynamiser les exportations.

Les retombées attendues à l’horizon 2040 sont considérables : les exportations de cacao et produits dérivés devraient passer de 11 487 tonnes en 2025 à 191 639 tonnes ; au moins 50 000 emplois directs et 150 000 emplois indirects seront créés ; les recettes fiscales progresseront significativement ; et l’effet multiplicateur sur l’investissement initial pourrait atteindre jusqu’à vingt fois sa valeur d’origine.

En qualité de chef de file et principal partenaire stratégique, le Groupe de la Banque s’est engagé, à mobiliser l’intégralité du financement public de 411 millions d’euros et s’est positionnée pour accompagner un financement privé de 384 millions d’euros.

« L’Etat garantit la vision stratégique, la stabilité et l’alignement avec les priorités nationales ; le secteur privé apporte le capital, l’expertise technique, la rapidité d’exécution et l’innovation ; la Banque africaine de développement assure le leadership financier, la structuration des financements et la cohérence d’ensemble », a déclaré Léandre Bassolé, directeur général du bureau régional de développement, d’intégration, de prestation de services pour l’Afrique centrale du Groupe de la Banque. « En finançant ce projet stratégique, nous visons, aux côtés du gouvernement camerounais, à catalyser les investissements privés, à créer des emplois durables et à renforcer la compétitivité du pays sur les marchés régionaux et mondiaux », a-t-il ajouté. La Banque avait présenté le projet lors de l’Africa Investment Forum 2024, tenu à Rabat.

Au-delà du financement, la Banque africaine de développement apportera aussi un appui technique de haut niveau, renforcera les capacités locales et veillera à l’intégration de standards exigeants en matière d’efficacité énergétique, de gestion responsable des ressources et de résilience climatique.

« Par cette initiative, le Port de Kribi entend conjuguer la performance d’une infrastructure en eau profonde et l’expertise d’investisseurs de premier plan pour bâtir une zone industrielle portuaire de rang international au service de la transformation économique du Cameroun et du rayonnement de l’Afrique centrale », a affirmé M. Melom.

Véritable pôle de compétitivité régionale, la Zone industrielle intégrée au Port de Kribi ambitionne de devenir un catalyseur d’industrialisation inclusive, de création d’emplois durables et d’intégration économique en Afrique centrale.

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

Contact médias :
Solange Kamuanga-Tossou
Département de la communication et des relations extérieures
Banque africaine de développement
Email : media@afdb.org

Media files

SA to generate R1 billion by hosting LIV Golf

Source: Government of South Africa

SA to generate R1 billion by hosting LIV Golf

South Africa is projected to generate close to R1 billion in economic activity from tourism, hospitality, local spending, taxation, and international exposure by hosting an international series event of the LIV Golf tournament later this month. 

“Fifty-four of the best golfers in the world will be here. And LIV Golf is not just a golf tournament; it is a global sporting and cultural festival that combines sport, music, entertainment and tourism,” Minister of Sport, Arts and Culture, Gayton McKenzie said on Wednesday.

LIV Golf is coming to South Africa with big stars participating in the tournament, including Jon Rahm, Cam Smith, Bryson DeChambeau and Louis Oosthuizen from 19 March 2026 until 22 March, at the exclusive Steyn City in Johannesburg.

Club at Steyn City is a luxury venue centred around a championship 18-hole golf course, set in a scenic parkland with the Jukskei River running through it. 

The course offers a challenging layout, pristine conditions, and a tranquil, upscale atmosphere, making it an ideal destination for both golf and refined gatherings.

“We are also pleased that discussions are already underway with Steyn City to renew the tournament for several more years. In fact, the scale of the event is expected to increase further, with future editions potentially accommodating up to 95 000 spectators, making it the biggest event on the LIV calendar, eclipsing even Australia. 

“That’s a goal that I promised we would achieve, and we will. But beyond the numbers, LIV Golf sends a powerful message.

“It tells the world that South Africa is open – a country of unity, peace and cohesion. It tells the world that South Africa can host global events. And it tells the world that South Africa remains a destination for sport, tourism and culture,” the Minister said in Pretoria during a media briefing.

VAR football

The Department of Sport, Arts and Culture has allocated funding for the Video Assistant Referee (VAR) system for South African football.

VAR is a technology-aided officiating system that is intended to assist on-field referees in making accurate decisions during a football match. 

The VAR team monitors the game remotely on multiple screens and has real-time access to video footage of the match through multiple camera angles. 

The technology continuously monitors play and automatically alerts the referee in case it deems that a wrong decision may have been made during the match.

Initial estimates indicate that implementing VAR in South Africa could cost as much as R80 million. 

The department has transferred the first R20 million tranche to the South African Football Association (SAFA) as part of a three-year rollout plan.

“SAFA is the implementing authority, as required under FIFA governance structures. My office also conducted benchmarking internationally, including engagements in Spain and with Premier League Productions in the United Kingdom, where VAR operates in the most watched football league in the world.

“This project has not been approached lightly. And importantly, the final cost of implementing VAR has come in significantly lower than the figures we were originally told,” he said.

Formula One

With South Africa’s ambition to return to the Formula One calendar, the Department of Sport, Arts and Culture has secured the necessary government guarantee, marking a major milestone.

“Discussions with Formula One management are continuing as we work toward aligning the commercial and promotional aspects required to host a race.

“I would like to thank the companies that have stepped forward to support this vision — especially Betway, Discovery, MTN, Canal Plus and SuperSport.

“Their willingness to invest in Formula One in South Africa shows that the private sector believes in South Africa’s ability to host world-class events,” the Minister said.

Robben Island 

This year also marks 30 years since Robben Island was declared a national heritage institution.

“Once a place of imprisonment and injustice, Robben Island today stands as a symbol of the triumph of the human spirit over adversity.

“Our department is implementing infrastructure upgrades to enhance the visitor experience and ensure that Robben Island remains one of the premier heritage sites in Africa, and one of the most visited and top museums on the continent,” the Minister said. –SAnews.gov.za

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‘Africa has what it needs to succeed’ – President Ramaphosa

Source: Government of South Africa

‘Africa has what it needs to succeed’ – President Ramaphosa

President Cyril Ramaphosa has called on participants at the Africa Energy Indaba to use the platform to unite to realise an “Africa that meets its needs for reliable and cost-effective energy”.

The annual indaba, held at the Cape Town International Convention Centre, brings together the continent’s energy leaders, policymakers, investors and development partners to advance energy security, regional integration and investment across the continent.

“This indaba is an opportunity to harness our collective efforts towards realising an Africa that meets its needs for reliable and cost-effective energy, while becoming a competitive exporter of energy in a rapidly changing global market. 

“There has never been a better time for Africa to advance its energy security, resilience and sustainability. With its abundant natural resources, our continent holds immense potential for energy generation,” the President said.

Natural endowments

The African continent holds oil and gas reserves, an abundance of minerals and potential for solar, wind, hydroelectric and hydrogen fuel cell energy.

President Ramaphosa highlighted that despite these natural endowments, the continent continues to experience energy poverty.

The International Energy Agency notes that some 600 million Africans do not have access to electricity, translating into what the President described as “lost production, interrupted services, constrained investment and reduced opportunity”. 

“This energy gap exists in the context of a growing continental population, rising urbanisation and renewed efforts to industrialise and integrate into the global economy. In this environment, access to reliable electricity is a competitive differentiator.

“Industrialisation cannot take place without secure supply chains, resilient villages, towns and cities, and reliable, affordable and scalable energy,” he said.

To remedy the situation, President Ramaphosa proposed an energy system that “connects Africa to itself, and one that allows our economies to grow together rather than apart”.

This vision is articulated in the African Union’s Agenda 2063, which links the continent’s development to modern infrastructure and integrated energy systems.

To operationalise this agenda, the President highlighted the Ten-Year Africa Energy Infrastructure Investment Plan, which was inaugurated under South Africa’s G20 Presidency.

“The plan recognises that Africa’s energy needs are too large to be met by incremental projects.

“There needs to be a coherent pipeline of bankable investments, supported by credible institutions, predictable regulation and partnerships,” President Ramaphosa said.

He noted that while “public finance cannot fund the full scale of Africa’s infrastructure needs alone…it can play a catalytic role in project preparation, credit enhancement and risk reduction”.

“The significance of the Ten-Year Africa Energy Infrastructure Investment Plan lies in its ability to organise the pipeline of projects in a manner that is credible to financiers and valuable to economies,” President Ramaphosa said.

Global markets

On global developments, the President reflected that the indaba is taking place at a time when global energy markets are volatile.

The continent is already facing the impact of escalating conflict in the Middle East which has led to stains on supply chains and higher energy prices. 

“As we have seen with Russia-Ukraine and during the COVID-19 pandemic, shifting geopolitical sands underscore the vulnerabilities of import-dependent economies across Africa. 

“These vulnerabilities sharpen the case for regional and continental energy security and diversification. As such, this Indaba is timely and strategic. It is an opportunity to position our continent in a rapidly changing geopolitical context,” he said.

The President expressed confidence in the continent’s ability to deliver for its people.

“Africa has what it needs to succeed. It has resources. It has people. It has growing institutions and expanding cooperation. The remaining task is to match this potential with sustained implementation, to translate plans into projects, and to turn projects into reliable power that supports industry, jobs and dignity. 

“The present moment calls for unity of effort. It calls for partnerships that recognise that Africa’s growth is not a risk to be managed, but an opportunity to be realised. It calls for a shift from potential to delivery, from promise to construction

“I am confident that this Indaba will help strengthen cooperation, accelerate investment and contribute to building energy systems worthy of Africa’s promising future,” President Ramaphosa concluded. – SAnews.gov.za

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