Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

Source: APO – Report:

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

– on behalf of Afreximbank.

For more information, please contact:
Trezer Maina
Head of Marketing, Integrated Payment Services Limited
Email:  twmaina@ipsl.co.ke

Papa Samba Thiongane
Head Marketing & Communications, PAPSS
Email: communications@papss.com

About Pesalink:
Pesalink is Kenya’s instant and interoperable payment network. It facilitates the 24/7 payments between bank accounts, mobile money wallets, fintechs and SACCOs via apps, online or USSD. Pesalink is operated by Integrated Payment Services Limited (IPSL) and owned by the Kenya Bankers Association. IPSL was established in 2015 under the National Payment System Act.  With more than 80 institutions already integrated, the network has become a central pillar of Kenya’s real-time payments infrastructure.

About Pan-African Payment and Settlement System (PAPSS):
The Pan-African Payment and Settlement System (PAPSS) is the brainchild of Afreximbank, Africa’s pre-eminent trade finance institution, whose mission includes stimulating the expansion, diversification, and development of African trade. PAPSS enables the efficient flow of money securely across African borders, minimizing risk and contributing to financial integration across the regions. Currently, it has more than 160 commercial banks on its platform.

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Cabinet notes downward trend in murder cases

Source: Government of South Africa

Cabinet notes downward trend in murder cases

With the South African Police Service (SAPS) having released Quarter 3 2025/26 crime statistics last week, Cabinet says the national picture painted by these statistics indicates progress, while more work still needs to be done. 

“[With regards to] murder, the downward trend that began in Q1 of 2023/24 has been sustained, with a recorded 8.7% decrease, representing 602 fewer lives lost compared to the same period last year. Over two years, murder for this quarter period has dropped by 17.6%, translating to 1 359 fewer murders,” said Minister in the Presidency Khumbudzo Ntshavheni at Thursday’s post-Cabinet briefing in Pretoria. 

The Minister said double-digit reductions in murder were recorded in five provinces, including KwaZulu-Natal, Gauteng, Mpumalanga, Free State and the North West. 

“Smaller decreases [were recorded] in the Western and Eastern Cape, while slight increases were recorded in Limpopo and the Northern Cape. Of the 30 highest-murder precincts nationally, only 15 recorded decreases. 

“This confirms that while national trends improve, targeted community-level intervention remains essential,” she said.

The Minister said Cabinet was very concerned over the notable increase in the murder of police officials in this quarter. 

“Twenty-three officers lost their lives, with approximately 80% killed while off duty,” she said. 

The National Commissioner of the South African Police Service has been tasked to make a full assessment to prevent these deaths. 

With regard to crime, Ntshavheni said total contact crime – encompassing all categories of violent crime – decreased by 6.7%, representing 12 682 fewer cases reported to SAPS compared to the same quarter last year. 

“Over two years, total violent crime for this quarter is down 8.3%, or 15 763, fewer cases. This trend is attributable, in part, to enhanced policing operations,” Ntshavheni said. 

With regard to the Special Investigation Unit (SIU) report on Home Affairs, Ntshavheni said Cabinet commended the SIU for its work that will assist the department close outstanding gaps and ensure all perpetrators are brought to justice.

When President Cyril Ramaphosa signed the Proclamation authorising the Special Investigation Unit (SIU) to investigate allegations of corruption and fraud in the VISA application processes on 16 February 2024, the aim was to safeguard the integrity of South Africa’s official documents and the immigration system. 

READ | Government welcomes SIU breakthrough in addressing corruption

“Cabinet also commended the Department of Home Affairs for the progress made in strengthening the country’s immigration system since the initial allegations of fraud and corruption where discovered,” Ntshavheni said. – SAnews.gov.za

Edwin

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Pesalink e Sistema Pan-Africano de Pagamentos e Liquidações (PAPSS) desbloqueiam pagamentos transfronteiriços em moedas locais no Quénia

Source: Africa Press Organisation – Portuguese –

  • Transferências instantâneas de banco para banco 24/7 através das fronteiras africanas em moedas locais.
  • Pagamentos transfronteiriços mais simples para indivíduos, empresas e PME.
  • Mais de 80 participantes da rede Pesalink estão agora ligados a 160 bancos participantes do PAPSS.

A Pesalink, a rede de pagamentos instantâneos de facto do Quénia, estabeleceu uma parceria com o Sistema Pan-Africano de Pagamentos e Liquidações (PAPSS) para facilitar os pagamentos transfronteiriços e acelerar a integração financeira regional.

A parceria permite pagamentos transfronteiriços instantâneos, 24 horas por dia, 7 dias por semana, dos participantes do PAPSS para bancos e operadores de dinheiro móvel dentro da rede Pesalink no Quénia, todos liquidados em moedas locais. Isto reduz os requisitos complexos de bancos correspondentes e a dependência de moedas de reserva estrangeiras.

O PAPSS, uma iniciativa do Banco Africano de Exportação e Importação (Afreximbank) em colaboração com a União Africana e o Secretariado da ZCLCA, permite pagamentos transfronteiriços entre países africanos. A Pesalink é agora uma Fornecedora de Conectividade Técnica. Isto significa que mais de 80 participantes quenianos, incluindo bancos, empresas de tecnologia financeira, cooperativas de crédito e empresas de telecomunicações na rede Pesalink, estarão ligados a mais de 160 bancos comerciais e empresas de tecnologia financeira na plataforma PAPSS.

Os pagamentos transfronteiriços continuam a ser dispendiosos e lentos para muitas empresas africanas. O relatório do Banco Mundial de 2023 (http://apo-opa.co/4baDSh7) sobre os preços das remessas indica que o envio de dinheiro através das fronteiras africanas acarreta, em média, um custo de 7 a 8% do montante total enviado (acima da média global de 6 a 7%). A liquidação pode também demorar entre três a sete dias úteis.

A parceria Pesalink-PAPSS vai reduzir custos, acelerar as liquidações e ajudar particulares, PME e empresas a enviar dinheiro de forma mais eficiente através das fronteiras.

Durante a assinatura da parceria, realizada nos escritórios da Pesalink em Nairobi, o Director Executivo do PAPSS, Mike Ogbalu III, afirmou que “Para que o PAPSS tenha um impacto real é essencial a colaboração com sistemas de pagamento nacionais e privados, como a Pesalink. A Pesalink é o primeiro sistema de pagamento que testámos para a terminação de transacções no Quénia e já estamos a assistir a uma maior adoção, abrindo mais canais para pagamentos internacionais em moeda local em toda a África.”

O Director Executivo da Pesalink, Gituku Kirika, afirmou que “Os bancos quenianos poderão agora oferecer pagamentos internacionais mais rápidos e baratos. Ajudarão os seus clientes a desenvolver mais relações comerciais regionais e a prosperar numa economia digital mais integrada.”

Distribuído pelo Grupo APO para Afreximbank.

Para mais informações, queira, por favor, contactar:
Trezer Maina
Chefe de Marketing dos Serviços de Pagamento Integrados Limitados [Integrated Payment Services Limited]
Correio Electrónico:  twmaina@ipsl.co.ke

Papa Samba Thiongane
Chefe de Marketing e Comunicações do PAPSS
Correio Electrónico: communications@papss.com

Sobre a Pesalink:
A Pesalink é a rede de pagamentos instantâneos e interoperáveis do Quénia. Facilita pagamentos 24 horas por dia, 7 dias por semana, entre contas bancárias, carteiras de dinheiro móvel, empresas de tecnologia financeira e cooperativas de crédito (SACCOs) através de aplicações, online ou USSD. A Pesalink é operada pelos Serviços de Pagamento Integrados Limitados [Integrated Payment Services Limited (IPSL)] e pertence à Associação de Bancos do Quénia. Os IPSL foi criada em 2015, de acordo com a Lei do Sistema Nacional de Pagamentos.  Com mais de 80 instituições já integradas, a rede tornou-se um pilar central da infra-estrutura de pagamentos em tempo real do Quénia.

Sobre o Sistema Pan-Africano de Pagamentos e Liquidações (PAPSS):
O Sistema Pan-Africano de Pagamentos e Liquidações (PAPSS) é uma criação do Afreximbank, a principal instituição de financiamento comercial em África, cuja missão inclui estimular a expansão, a diversificação e o desenvolvimento do comércio africano. O PAPSS permite o fluxo eficiente e seguro de dinheiro através das fronteiras africanas, minimizando os riscos e contribuindo para a integração financeira entre regiões. Actualmente conta com mais de 160 bancos comerciais na sua plataforma.

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Public Works senior official placed on precautionary suspension

Source: Government of South Africa

Public Works senior official placed on precautionary suspension

Public Works and Infrastructure Minister Dean Macpherson has directed Director-General Sifiso Mdakane to implement precautionary suspension and disciplinary proceedings against a senior Construction Project Management (CPM) Director. 

The director appeared in court on Tuesday on charges of fraud in relation to a multimillion-rand project linked to the Mpumalanga Department of Education. 

The Minister acted after learning that the official had been arrested, alongside others, for allegedly defrauding the Mpumalanga Department of Education of R113 million through a tender established between 2018 and 2019 as an emergency intervention to repair 21 schools in the province.

While the Department of Public Works and Infrastructure (DPWI) was not involved in the tender issued by the Mpumalanga Department of Education, the Minister stressed that all officials within the department must be beyond reproach. 

Macpherson said the precautionary suspension and disciplinary action must be in line with the prescripts of the Public Service Act and regulatory framework, and be both procedurally and substantively fair. 

“… We have adopted a zero-tolerance approach to corruption and ethical misconduct within this department. That position is non-negotiable. 

“Upon becoming aware of the official’s arrest and court appearance, I directed the Director-General to implement the precautionary suspension of the official and to initiate the appropriate disciplinary action. 

“Any official implicated in serious criminal allegations, particularly those involving public funds meant for critical infrastructure such as schools, ought not remain in their role, while these processes are underway,” the Minister said, adding that the department will fully cooperate with law enforcement authorities, while internal disciplinary processes will proceed in parallel with the criminal matter.

“There will be no protection for wrongdoing. We owe it to the people of South Africa to act decisively against corruption wherever it arises. 

“Every rand lost to fraud is a rand taken away from classrooms, communities and service delivery. We are committed to strengthening governance, tightening oversight, and ensuring that public infrastructure budgets are used strictly for their intended purpose. 

“Accountability is not optional – it is fundamental to restoring trust and ensuring that infrastructure delivery serves the public, not private interests,” the Minister said. – SAnews.gov.za

Edwin

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Cabinet commends Russia’s assistance in return of recruited South Africans

Source: Government of South Africa

Cabinet commends Russia’s assistance in return of recruited South Africans

Cabinet has joined President Cyril Ramaphosa in expressing gratitude to Russian President Vladimir Putin for facilitating the return of 17 South African men, who were recruited to fight on the Russian frontlines in the conflict between Russia and Ukraine.

The South African government, working closely with Russian authorities, secured the safe return of the men, aged between 20 and 39, after distress calls were received from them seeking assistance to come home.

Briefing the media in Pretoria on Thursday following Wednesday’s Cabinet meeting, Minister in the Presidency Khumbudzo Ntshavheni confirmed that all 17 men have been released from the contracts they had signed with military contractors.

“Fifteen of the men are back in South Africa, while two remain in Russia, with one in a hospital and the other one is being processed before finalising his travel arrangements,” Ntshavheni said.

President Putin pledged his support during a telephone call with President Ramaphosa on 10 February 2026.

The Presidency said the South African Embassy in Moscow will continue monitoring the individual who remains in hospital until he has fully recovered and is fit to travel.

Ntshavheni said investigations into the circumstances surrounding the recruitment of the young men into mercenary activities and violations of South African law are ongoing.

Government commends support in Ekapa Mine rescue efforts

Cabinet has also commended mining companies and the Minerals Council South Africa for their assistance during rescue operations following a mud rush accident at the Ekapa Minerals Mine on 17 February 2026.

The incident resulted in five employees being trapped underground.

Ntshavheni reported that all operations at the mine have been suspended, while an intensive rescue operation continues.

“Once the rescue operation is completed, the Department of Mineral and Petroleum Resources will conduct a formal investigation, in line with the Mine Health and Safety Act to determine the cause of the incident,” the Minister said.

Minister of Mineral and Petroleum Resources Gwede Mantashe, together with Northern Cape Premier Zamani Saul and Sol Plaatje Executive Mayor Martha Bartlett, visited the mine in Kimberley following the accident.

Ntshavheni said a team from the Department of Mineral and Petroleum Resources, led by the Chief Inspector of Mines, remains on site to monitor and support the rescue efforts.

“The affected families are receiving ongoing communication. Government’s thoughts and prayers are with the families of the affected employees as rescue efforts continue,” Ntshavheni said. – SAnews.gov.za

GabiK

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La Ligue Africaine de Basketball Présente les 12 Équipes et le Calendrier des Phases de Groupe pour la Saison 2026

Source: Africa Press Organisation – French

– Parmi les 12 équipes de la BAL figurent des primo participants de la Tanzanie, de la Côte d’Ivoire, du Nigeria, d’Afrique du Sud et de la Tunisie –

– La sixième saison de la BAL débutera le 27 mars en Afrique du Sud ; achetez vos billets dès maintenant –

La Ligue africaine de basketball (BAL) (www.BAL.NBA.com) présente aujourd’hui les 12 équipes et le calendrier des phases de groupe (https://apo-opa.co/4aM5xVL) de sa saison 2026. Rendez-vous le vendredi 27 mars à la SunBet Arena de Pretoria, en Afrique du Sud, pour le coup d’envoi.

La sixième saison de la ligue réunira les 12 meilleures équipes de clubs issues de 12 pays africains, qui disputeront un total de 42 matchs dans le cadre de la Conférence du Kalahari (du vendredi 27 mars au dimanche 5 avril à Pretoria), de la Conférence du Sahara (du vendredi 24 avril au dimanche 3 mai au complexe sportif Prince Moulay Abdellah à Rabat, au Maroc), ainsi que les phases éliminatoires et les finales du vendredi 22 mai au dimanche 31 mai à la BK Arena de Kigali, au Rwanda.

Les 12 équipes comprendront Dar City, premier représentant tanzanien de l’histoire de la BAL ; les nouveaux participants JCA Kings (Côte d’Ivoire), Maktown Flyers (Nigeria), Johannesburg Giants (Afrique du Sud) et le Club Africain (Tunisie) ; le champion BAL 2024 Petro de Luanda (Angola), seule équipe à s’être qualifiée pour chacune des six saisons de la BAL ; ainsi que le champion BAL 2023 Al Ahly (Égypte).

Liste complète des 12 équipes participantes par conférence :

Johannesburg Giants (Afrique du Sud)*

Fath Union Sport Rabat (FUS Rabat ; Maroc)

Al Ahly Ly (Libye)

Al Ahly (Égypte)

Armée Patriotique Rwandaise Basketball Club (APR ; Rwanda)

ASC Ville de Dakar (Sénégal)

Dar City (Tanzanie)*

Club Africain (Tunisie)*

Nairobi City Thunder (Kenya)

JCA Kings (Côte d’Ivoire)*

Petro de Luanda (Angola)

Maktown Flyers (Nigeria)*

*Premiere participation à la BAL

« Accueillir cinq nouvelles équipes au sein de la famille de la BAL est un signe fort de la croissance continue de la ligue, de l’impact qu’elle a sur l’écosystème du basketball africain et de l’immense talent qui se développe à travers le continent », a déclaré le président de la BAL, Amadou Gallo Fall. « Nous nous réjouissons de mobiliser nos passionnés en Afrique du Sud, au Maroc, au Rwanda ainsi que ceux qui nous regardent à travers l’Afrique et dans le monde entier, alors que nous continuons à établir la BAL comme la référence sportive et de divertissement du continent. »

Cette saison, les champions nationaux de sept pays (l’Angola, l’Égypte, le Maroc, le Nigeria, le Rwanda, le Sénégal et la Tunisie) se sont automatiquement qualifiés pour la BAL. Les cinq autres équipes ont décroché leur qualification lors des tournois « Road to the BAL » (https://apo-opa.co/3ZXbskA) organisés par FIBA Africa à travers le continent d’octobre à décembre 2025.

Chaque conférence disputera une phase de groupes de 15 matchs, au cours de laquelle chaque équipe affrontera une fois les cinq autres équipes de sa conférence. Lors du match d’ouverture de la saison, l’APR affrontera Al Ahly Ly à 16h00 (CAT). Lors de la deuxième rencontre, les Johannesburg Giants affronteront Dar City à 19h00 (CAT). Les billets pour la phase de groupes de la Conférence du Kalahari à Pretoria sont dès à présent en vente sur Ticketmaster.za (https://apo-opa.co/3MVtSPs).

Huit équipes issues des deux conférences se qualifieront pour les playoffs à Kigali. Les billets pour la phase de groupes de la Conférence du Sahara à Rabat ainsi que pour les playoffs et les finales seront bientôt disponibles. Les fans peuvent manifester leur intérêt pour les billets sur BAL.NBA.com (https://apo-opa.co/4swTSjF).

Les fans qui achèteront des billets auront également un accès gratuit à la BAL Fan Zone dans chaque arène.

Des informations complémentaires sur la saison 2026 de la BAL seront annoncées dans les prochaines semaines.

Distribué par APO Group pour Basketball Africa League (BAL).

Contact :
Marie-Pierre Anamba Onana
Ligue africaine de basketball
+221 78 637 70 62
Manamba@theBAL.com

À propos de la BAL :
Fruit d’un partenariat entre la Fédération internationale de basketball (FIBA) et NBA Africa, la Ligue africaine de basketball (BAL) est une ligue professionnelle regroupant 12 équipes de club de toute l’Afrique qui entamera sa sixième saison en mars 2026. Basée à Dakar, au Sénégal, la BAL s’inspire des compétitions organisées en Afrique par le bureau régional de la FIBA et vient marquer la première collaboration de la NBA pour gérer une ligue hors Amérique du Nord. Suivez la BAL (@theBAL) sur Facebook (https://apo-opa.co/40vps57), Instagram (https://apo-opa.co/4aPIFmS), Threads (https://apo-opa.co/4aTr5ye), X (https://apo-opa.co/4cbQZ2J) et YouTube (https://apo-opa.co/3MZQw9z). Pour plus d’informations, rendez-vous sur www.BAL.NBA.com.

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Basketball Africa League Announces 12 Teams and Group Phase Schedule for 2026 Season

Source: APO

– 12 BAL Teams Include First-Ever Participant from Tanzania and First-Time Participants from Côte d’Ivoire, Nigeria, South Africa and Tunisia –

– Sixth BAL Season Will Tip Off on March 27 in South Africa; Tickets on Sale Now –

The Basketball Africa League (BAL) (www.BAL.NBA.com) today announced the 12 teams and group phase schedule (https://apo-opa.co/4aM5xVL) for the 2026 BAL season, which will tip off on Friday, March 27 at the SunBet Arena in Pretoria, South Africa. 

The league’s sixth season will feature the top 12 club teams from 12 African countries playing a total of 42 games across the Kalahari Conference group phase from March 27 – Sunday, April 5 in Pretoria, the Sahara Conference group phase from Friday, April 24 – Sunday, May 3 at the Prince Moulay Abdellah Sports Complex in Rabat, Morocco, and the Playoffs and Finals from Friday, May 22 – Sunday, May 31 at BK Arena in Kigali, Rwanda.

The 12 teams include Dar City – the first-ever BAL participant from Tanzania – first-time BAL participants JCA Kings (Côte d’Ivoire), Maktown Flyers (Nigeria), Johannesburg Giants (South Africa) and Club Africain (Tunisia), 2024 BAL champion Petro de Luanda (Angola) – the only team to have qualified for all six BAL seasons – and 2023 BAL champion Al Ahly (Egypt). 

Below is the complete list of the 12 participating teams by conference:

Johannesburg Giants (South Africa)*

Fath Union Sport Rabat (FUS Rabat; Morocco)

Al Ahly Ly (Libya)

Al Ahly (Egypt)

Armée Patriotique Rwandaise Basketball Club (APR; Rwanda)

ASC Ville de Dakar (Senegal)

Dar City (Tanzania)*

Club Africain (Tunisia)*

Nairobi City Thunder (Kenya)

JCA Kings (Côte d’Ivoire)*

Petro de Luanda (Angola)

Maktown Flyers (Nigeria)*

*First-time BAL participant

“Welcoming five new teams into the BAL family is a powerful sign of the league’s continued growth, the impact it is having on the African basketball ecosystem, and the incredible talent developing across the continent,” said BAL President Amadou Gallo Fall.  “We look forward to engaging our passionate fans in South Africa, Morocco, Rwanda and those watching across Africa and around the world as we continue to establish the BAL as the continent’s preeminent sport and entertainment property.”

This season, the national league champions from seven countries – Angola, Egypt, Morocco, Nigeria, Rwanda, Senegal and Tunisia – automatically qualified for the BAL.  The other five teams qualified through the Road to the BAL (https://apo-opa.co/3ZXbskA) qualifying tournaments conducted by FIBA Africa across the continent from October – December 2025. 

Each conference will play a 15-game group phase during which each team will face the other five teams in its conference once. In the season opener, APR will face Al Ahly Ly at 4:00 p.m. CAT.  In the second game, the Johannesburg Giants will take on Dar City at 7:00 p.m. CAT.  Tickets for the Kalahari Conference group phase in Pretoria are on sale now at Ticketmaster.za (https://apo-opa.co/3MVtSPs). 

Eight teams from across the two conferences will qualify for the Playoffs in Kigali.  Tickets for the Sahara Conference group phase in Rabat and the Playoffs and Finals will be available soon. Fans can register their interest in tickets at BAL.NBA.com (https://apo-opa.co/4swTSjF). Fans who purchase tickets will also have free access to the BAL Fan Zone at each arena.

Additional information about the 2026 BAL season will be announced in the coming weeks.

Distributed by APO Group on behalf of Basketball Africa League (BAL).

Contact:
Marie-Pierre Anamba Onana 
Basketball Africa League
+221 78 637 70 62
Manamba@theBAL.com

About the BAL:
The Basketball Africa League (BAL), a partnership between the International Basketball Federation (FIBA) and NBA Africa, is a professional league featuring 12 club teams from across Africa that will tip off its sixth season in March 2026.  Headquartered in Dakar, Senegal, the BAL builds on the foundation of club competitions FIBA Africa has organized across the continent and marks the NBA’s first collaboration to operate a league outside North America. Fans can follow the BAL (@theBAL) on Facebook (https://apo-opa.co/40vps57), Instagram (https://apo-opa.co/4aPIFmS), Threads (https://apo-opa.co/4aTr5ye), X (https://apo-opa.co/4cbQZ2J), and YouTube (https://apo-opa.co/3MZQw9z) and register their interest in receiving more information at www.BAL.NBA.com.

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Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

Source: APO

Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity. 

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

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Budget restores SA’s credibility

Source: Government of South Africa

Budget restores SA’s credibility

The key economic milestones reflected in the 2026 Budget indicate that government’s implementation of structural reforms to support economic recovery has strengthened the country’s global standing.

This is due to government’s efforts to promote faster economic growth, anchored on four pillars: maintaining macroeconomic stability, implementing structural reforms, investing in growth-enhancing infrastructure, and building State capacity. 

South Africa’s consolidated budget deficit narrowed to 4.5% of Gross Domestic Product (GDP) for 2025/26, an improvement from 4.8%.

The deficit falls to 4% in 2026/27 and 3.1% the year after.

“Many important things emerged from the Budget Speech yesterday but one truly stood out for me, and I hope it stood out for most of the people… For the first time in 17 years, government debt is stabilising. Never have we been happier to hear the word ‘stabilising’ than we were yesterday. And South Africa has exited the grey list,” Brand South Africa (Brand SA) Deputy Chairperson of the Board of Trustees, Zama Mkosi, said on Thursday.

According to the budget, gross debt stabilised as a share of GDP in 2025/26, at 78.9%. In 2026/27, it falls further to 77.3% of GDP and declines to 76.5% by 2028/29.

“It is the most important signal that a country sends to its citizens on how public resources are to be utilised. In today’s global environment, where capital is cautious, and competition for investment is intense, credibility matters,” Mkosi said.

She was addressing the post-Budget breakfast in Cape Town, held after the tabling of the 2026 National Budget by the Minister of Finance, Enoch Godongwana. 

“The Budget Speech is about more than just numbers… It is truly a statement of intent. It is a statement of transparency and accountability for public finances, and at the same time, it reflects choices and trade-offs. As we know, it reflects a renewed outlook on South Africa’s reform agenda,” Mkosi said. 

South Africa’s reform agenda is driven by Operation Vulindlela, an initiative focusing on urgent structural changes to accelerate economic growth, stabilise energy supply, fix logistics, and improve municipal service delivery.   

National Treasury’s commitment to a clear reform agenda and a disciplined fiscal strategy has resulted in the stabilsation of public debt, South Africa’s removal from the Financial Action Task Force (FATF) greylist, the first credit rating upgrade in 16 years and the easing of borrowing costs, creating space for growth and development. 

“These [economic milestones] are not abstract technical indicators. They are important signals of restored credibility, renewed confidence, and a country that is truly regaining its economic footing. From a nation-brand perspective, these signals matter.

“How South Africa is perceived internationally and even domestically, affects the cost of capital, investor confidence, and our ability to attract long-term partnerships. 

“It also shapes whether our challenges are seen as permanent or as part of a reform process, rather than as risks that we are not in control of as a country,” she said.

This is a key function for Brand SA. The entity is responsible for building the country’s brand reputation to improve its global competitiveness, with the intention to contribute towards economic growth, job creation, poverty alleviation, and social cohesion by encouraging local and foreign investment, tourism, and trade through the promotion of Brand South Africa.

“This is where Brand South Africa’s mandate becomes relevant. Our role is not just to comment on fiscal detail, but to ensure that South Africa’s progress, reforms, partnerships, and opportunities are clearly understood both domestically and globally. 

“We work to strengthen coherence in how the country is positioned. We are here to amplify the credible progress that has been made and to ensure that confidence is supported by consistent messaging and measurable outcomes.

“Reputation is not built overnight, nor is it sustained by mere rhetoric. It is built through alignment — alignment between policy and implementation, and alignment between ambition and delivery,” Mkosi said. –SAnews.gov.za

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Budget 2026 balances redistribution and fiscal responsibility – Masondo

Source: Government of South Africa

Budget 2026 balances redistribution and fiscal responsibility – Masondo

Deputy Finance Minister, Dr David Masondo, says the 2026 Budget is redistributive while balancing the need for fiscal discipline.

The Deputy Minister participated in the post-Budget speech breakfast discussion hosted by the National Treasury, in partnership with Brand South Africa and the Government Communication and Information System (GCIS).

National Treasury has hinged the economic growth strategy on four pillars: maintaining macroeconomic stability, implementing structural reforms, investing in growth-enhancing infrastructure, and building state capacity.

These, Masondo said, are aimed at improving the lives of ordinary South Africans in the long run.

“All these things are significantly linked to the interests of the poor. At the end of the day, it’s what impact will this have on the ordinary person in terms of jobs. Without economic growth you can’t have the tax revenue that enables us to do the things that we have to do like education and health.

“This is a redistributive budget in terms of expenditure as 60% of the budget goes to the poor. Those who say we are austere they must look at the facts,” Masondo said.

The Deputy Minister said this year’s budget presents a different case which includes a withdrawal of some R20 billion in tax increases while carefully managing the public purse.

“What is different about this year’s budget is that we have withdrawn the tax increase. It also has to do with the fact that we have been responsible in managing our fiscal policy and that has implications on the cost of capital.

“Investors look at your sovereign risk premium to determine the cost of capital. So they look at how we are managing our deficit, primary budget surplus, economic growth and so forth.

“That matters because with the debt service costs going down…the debt service costs are going to reduce by R10 billion and what that does is that it opens up space for us to spend money on the needs of the poor, for entrepreneurs…capital becomes cheaper. That has huge implications for our ability to raise money for creating jobs and so forth,” he said. – SAnews.gov.za

 

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