The European Union helps boosting Egypt’s green transition


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On 15 June, the European Union and the Government of Egypt will launch the EU-Egypt Investment Guarantee for Development Mechanism. This platform will attract investments to high impact projects in areas such as clean energy, water and wastewater management and sustainable agriculture. It will also support digital transformation, and the development of small and medium-sized enterprises (SMEs). The platform aims to mobilise up to €5 billion in investments by 2027.

This includes €1.8 billion announced as part of the EU-Egypt Strategic and Comprehensive Partnership. To achieve this, the platform will leverage EU resources from the European Fund for Sustainable Development Plus (EFSD+). It will also draw resources from European and International Financial Institutions (IFIs) that implement EU guarantees in close coordination with Member States and the private sector. It marks a key milestone under the EU-Egypt Strategic and Comprehensive Partnership and contributes to the EU’s Global Gateway strategy.

Distributed by APO Group on behalf of Delegation of the European Union to Egypt.

Africa: Insufficient Domestic Funding Hinders Education Progress


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Most African governments have consistently failed to meet global and regional education funding targets to ensure quality public education, Human Rights Watch said today on the African Union’s Day of the African Child.

The 2025 theme for the day is “planning and budgeting for children’s rights: progress since 2010.” However, based on national data reported to the United Nations Educational, Scientific and Cultural Organization (UNESCO), only one-third of African countries met globally endorsed education funding benchmarks for annual average spending over the decade 2013 to 2023. The figure declined to just one quarter of countries by 2022 and 2023. Fourteen African countries did not meet any of the benchmarks a single year over the past decade. 

“African heads of state and governments and the African Union have all made bold commitments for national investment in education,” said Mausi Segun, Africa director at Human Rights Watch. “But governments are not translating those commitments into sustained funding, and many have actually reduced spending levels in recent years.”

Insufficient public spending on education undermines African governments’ legal obligations to guarantee free and compulsory quality primary education and make secondary education available, accessible, and free for every child. It also undermines their political commitments to AU and international development goals and benchmarks. Under the UN Sustainable Development Goals, in addition to providing at least one year of pre-primary education, African governments are required to ensure that all children complete free secondary education by 2030.

In 2015, UNESCO member states, including all 54 African states, agreed to increase education spending to at least 4 to 6 percent of gross domestic product (GDP) and/or at least 15 to 20 percent of total public expenditure. These internationally agreed funding benchmarks for education have been included in at least five global or AU-led declarations or action plans, including the 2015 Incheon Declaration, endorsed by all UNESCO member states; the Heads of State (“Kenyatta”) Declaration on Education Financing, endorsed by 17 African heads of state and governments and ministers; the 2021 Paris Declaration and “Global Call for Investing in the Futures of Education”; and the 2024 Fortaleza Declaration. In December 2024, the AU and African heads of state and governments expanded the upper end of the GDP benchmark from six to seven percent through the Nouakchott Declaration.

UNESCO member states have made additional commitments to invest at least 10 percent of education expenditures to guarantee at least one year of free and compulsory pre-primary education by 2030. In 2024, African countries agreed to ensure that an increased share of public funding is allocated to early childhood education.

Despite these obligations and global commitments, governments have failed to remove tuition and other school fees, particularly at the pre-primary and secondary level, leading to unequal access, retention, and poor quality in schools, with disproportionate impact on children from the poorest households. Families across Africa continue to shoulder an enormous burden in funding education, absorbing 27 percent of total education spending, according to World Bank 2021 data.

Africa has the highest out-of-school rates in the world, with over 100 million children and adolescents estimated to be out of school across all sub-regions except North Africa. Out-of-school rates have increased since 2015 for reasons including population increases, persistent gender gaps, the cumulative effects of Covid-19 school closures, climate emergencies, and conflicts.

Many children also drop out due to school-related gender-based violence, as well as discriminatory and exclusionary measures against pregnant and parenting girlsrefugees, and children with disabilities, among other negative practices.

Only 14 countries guarantee free access to education, from at least one year of pre-primary through secondary education, based on available UNESCO data and Human Rights Watch research. Only 21 guarantee free access to 12 years of primary and secondary education, while 6 legally guarantee access to at least one year of free pre-primary education.

Human Rights Watch found that Morocco, excluding Western Sahara territory that it occupies, Namibia, and Sierra Leone are the only three African countries that both legally guarantee universally free access to primary and secondary education and at least one year of free pre-primary, and that have met both international education funding benchmarks in the last decade.

Many African countries continue to underinvest in public education to manage climate-related emergencies and conflict-related crises, but this is also due to political decisions and economic policies. Numerous African governments are applying regressive austerity measures to service debt interests and repayments. Fifteen are spending more on debt servicing than on education, leading to drastic cuts to teachers’ incomes, shortages of learning materials, and overcrowded classrooms. Creditor governments and institutions should consider debt restructuring or relief to ensure that debtor governments can adequately protect rights, including the right to education.

In a positive development, Sierra Leone currently co-leads an initiative at the UN Human Rights Council to develop a new optional protocol to the Convention on the Rights of the Child, with the aim of recognizing that every child has a right to early childhood care and education and guaranteeing that states make public pre-primary education and secondary education available and free to all. Botswana, Burundi, Gambia, Ghana, Malawi, South Africa, and South Sudan have publicly expressed support for this process.

“African governments should urgently fulfill their pledges to guarantee universal access to free quality primary and secondary education,” Segun said. “Governments should focus on protecting public spending for education from regressive measures and cuts and allocate resources commensurate with their obligations to guarantee access to quality public education.”

Distributed by APO Group on behalf of Human Rights Watch (HRW).

United Nations Support Mission in Libya (UNSMIL) launches country-wide youth consultations on the political process and starts by meeting youth in four cities


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Youth represent 38 per cent of the population (NESDB statistics) in Libya and their voices must be included in the political process. To support this, in addition to its regular meetings with youth (aged 18-35), the United Nations Support Mission in Libya is launching a wider programme with the aim to engage 500 young men and women across Libya in the coming months. 

As part of its broader efforts to engage the community on the Advisory Committee’s recommendations on how to take Libya to elections and unify institutions, UNSMIL is conducting dedicated meetings with youth representatives, both online and in-person. More information about how young men and women can get involved can be found here.

In addition, UNSMIL has also launched an online poll to ensure that a wider audience can be reached. 

“As we develop the next steps of the political process, we want to hear everyone’s views,” said Special Representative of the Secretary General for Libya, Hanna Tetteh. “Youth are a driving force that can help shape the future of this country. They have specific needs and concerns, and they bring different perspectives that can inform decision-making. We want to hear directly from them because a process that is meant for the Libyan people needs the meaningful participation of all Libyan people.” 

UNSMIL has already met with youth in Zintan, Misrata, Benghazi and Nalut to discuss the Advisory Committee recommendations. Participants called for better access to economic and employment opportunities, unified government institutions, more representation and inclusion in decision-making processes, access to services, fair and equitable resource distribution. They also shared their ideas around decentralisation and political inclusion. 

Through these consultations and online polling, the Mission will capture youth recommendations and ideas and ensure they are fed into the decision-making process on next steps. 

UNSMIL published the Executive Summary of the Advisory Committee’s Report in May, including its four proposed options to move the political process forward. The public consultation and survey ask people to put forward their recommendations and ideas and decided which of these options they would prefer: 

  1. Conducting presidential and legislative elections simultaneously; 

  2. Conducting parliamentary elections first, followed by the adoption of a permanent constitution; 

  3. Adopting a permanent constitution before elections; or 

  4. Establishing a political dialogue committee, based on the Libyan Political Agreement to finalize electoral laws, executive authority and permanent constitution.  

More information on the youth consultations and how to get involved can be found here.

Distributed by APO Group on behalf of United Nations Support Mission in Libya (UNSMIL).

President Ramaphosa arrives in Canada for the G7 Leaders Summit

Source: President of South Africa –

President Cyril Ramaphosa has this afternoon, 15 June 2025, arrived in Canada to participate in the G7 Summit Outreach Session, scheduled to take place on the margins of the G7 Leaders Summit in Kananaskis, Alberta, Canada on 17 June 2025.  

The Group of Seven consists of the largest advanced economies namely: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.

The European Union also participates in G7 Summits, although not a member.  

Canada assumed the Presidency of the G7 on 01 January 2025 and its Presidency seeks to address global challenges and opportunities, including international peace and security, global economic stability and growth, and the digital transition.

Furthermore, the Outreach Session aims “to explore leadership and collaboration in driving a comprehensive approach to energy security with a focus on technology and innovation; diversification and strengthening critical mineral supply chains; and infrastructure and investment”.

This resonates with South Africa’s national interests and priorities of South Africa’s G20 Presidency.  

The Outreach Sessions of the G7 in which President Ramaphosa will participate have been a feature of the Group over the years, with the aim to strengthen unity among G7 members and like-minded countries to deliberate on and address some of the world’s most pressing issues. 

Reflecting the outward looking approach of recent Presidencies, guest leaders are invited to join Outreach Sessions within the Summit agenda.  

The cooperation between South Africa and Canada has strengthened this year as it relates to G20 and G7. 

Under South Africa’s G20 Presidency, enhanced efforts have been undertaken to align objectives and support the agenda of the G7 to that of the G20.

Several engagements have taken place between South Africa and Canada at various levels, including at Sherpa and Ministerial levels.

South Africa is currently the only African country invited to this year’s G7 Summit Outreach Session. 

The G7 Summit will provide President Ramaphosa with an opportunity to meet Heads of State and Government of G7 countries (who are also G20 Members) and other Outreach Guest Countries.

The President will use this platform as an opportunity to engage with various leaders on areas of common interest in bilateral relations and multilateral cooperation – including the G20 Presidency ahead of the G20 Leaders’ Summit in November 2025.

 President Ramaphosa’s participation at the G7 Leaders Summit presents an opportunity for South Africa to pursue strategic alignment within the framework of G7-G20 cooperation, where necessary.  

The President is accompanied by Minister Ronald Lamola, the Minister of International Relations and Cooperation.
 

Media enquiries: Vincent Magwenya, Spokesperson to the President media@presideny.gov.za 

Issued by: The Presidency
Pretoria

Afreximbank agit en tant que coordinateur global et arrangeur principal mandaté pour une facilité de 1,6 milliard de dollars pour Staatsolie (Suriname)


La Banque Africaine d’Import-Export (Afreximbank) (www.Afreximbank.com) a agi en tant que coordinateur global et arrangeur principal mandaté pour un prêt à terme garanti de premier rang d’un montant de 1,6 milliard de dollars US, en faveur de Staatsolie Maatschappij Suriname N.V. la société nationale d’énergie du Suriname, afin de donner une impulsion majeure au projet pétrolier offshore profond du pays dénommé GranMorgu.

Afreximbank, Banco Latinoamericano de Comercio Exterior, S.A. (Bladex), une autre grande banque internationale et Staatsolie ont signé l’accord le 14 mai 2025. Perella Weinberg a agi en tant que de conseiller auprès de Staatsolie dans le cadre de la transaction.

Selon les termes de l’accord, le produit de la facilité aidera Staatsolie dans le refinancement partiel de la dette existante et le financement de sa participation directe de 20 % dans le projet pétrolier offshore profond, GranMorgu.

La transaction, le premier prêt syndiqué pour lequel Afreximbank a été mandaté dans la région des Caraïbes, représente également la plus grande transaction de financement de projet dans l’histoire du Suriname et ouvre la voie à la production pétrolière offshore initiale du pays d’ici mi-2028.

Les investissements dans le projet devraient dépasser les 12 milliards de dollars US, Staatsolie contribuant à hauteur de 20 %, soit 2,4 milliards de dollars US. Les recettes escomptées, en fonction du prix du pétrole, devraient dépasser 26 milliards de dollars US pour Staatsolie et le gouvernement du Suriname au cours de la durée de vie opérationnelle, ce qui stimulera considérablement le développement économique.

Le projet, qui se distingue par sa conception à faible émission de carbone, avec une unité flottante de production, de stockage et de déchargement entièrement électrique d’une capacité de production de 220 000 barils par jour, fera plus que doubler la production de Staatsolie, offrant au Suriname des redevances et des dividendes.

Le Professeur Oramah, Président d’Afreximbank et du Conseil d’administration de la Banque, a déclaré que cette transaction pourrait transformer de manière significative l’économie surinamaise. « Afreximbank est très ravie d’avoir joué un rôle central dans l’organisation de ce financement au profit de Staatsolie du Suriname. Cette facilité marque une étape importante dans les interventions de la Banque dans les Caraïbes et témoigne clairement de sa volonté de soutenir les investissements dans des programmes/projets stratégiques qui contribuent à la transformation de l’économie surinamaise. Au-delà de cet investissement, la Banque soutient des initiatives qui catalyseront la participation locale dans le secteur pétrolier et gazier du pays afin de garantir que les populations autochtones du Suriname et des Caraïbes tirent le maximum de bénéfices des ressources naturelles ».

Staatsolie est engagée dans l’exploration, la production, le raffinage, la distribution de carburant au détail et la production d’électricité. Staatsolie détient également une participation dans deux projets aurifères au Suriname. La société cherche à développer les ressources énergétiques afin de maximiser la valeur à long terme pour elle-même et le Suriname, ouvrant ainsi la voie à un avenir prometteur pour le Suriname.

Annand Jagesar, Directeur général de Staatsolie a déclaré : « Nous avons construit une base solide pour que Staatsolie participe au projet GranMorgu et à d’éventuels projets futurs et nous entamons une nouvelle phase de croissance transformationnelle pour l’entreprise et le pays ».

BLADEX, une banque multinationale fondée en 1979, fournit des solutions financières aux entreprises et aux investisseurs qui font des affaires en Amérique latine. BLADEX a son siège à Panama City et dispose de cinq bureaux en Amérique latine et aux États-Unis.

Distribué par APO Group pour Afreximbank.

Contact Presse :
Vincent Musumba
Responsable de la communication et de la gestion événementielle (Relations presse)
Courriel : press@afreximbank.com

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À propos d’Afreximbank :
La Banque Africaine d’Import-Export (Afreximbank) est une institution financière multilatérale panafricaine dédiée au financement et à la promotion du commerce intra et extra-africain. Depuis 30 ans, Afreximbank déploie des structures innovantes pour fournir des solutions de financement qui facilitent la transformation de la structure du commerce africain et accélèrent l’industrialisation et le commerce intrarégional, soutenant ainsi l’expansion économique en Afrique. Fervente défenseur de l’Accord sur la Zone de Libre-Échange Continentale Africaine (ZLECAf), Afreximbank a lancé les le Système panafricain de paiement et de règlement (PAPSS) qui a été adopté par l’Union africaine (UA) comme la plateforme de paiement et de règlement devant appuyer la mise en œuvre de la ZLECAf. En collaboration avec le Secrétariat de la ZLECAf et l’UA, la Banque a mis en place un Fonds d’ajustement de 10 milliards de dollars US pour aider les pays à participer de manière effective à la ZLECAf. À la fin de décembre 2024, le total des actifs et des garanties de la Banque s’élevait à environ 40,1 milliards de dollars US et les fonds de ses actionnaires s’établissaient à 7,2 milliards de dollars US. Afreximbank est notée A par GCR International Scale, Baa1 par Moody’s, AAA par China Chengxin International Credit Rating Co., Ltd (CCXI), A- par Japan Credit Rating Agency (JCR) et BBB par Fitch. Au fil des ans, Afreximbank est devenue un groupe constitué de la Banque, de sa filiale de financement à impact appelée Fonds de développement des exportations en Afrique (FEDA), et de sa filiale de gestion d’assurance, AfrexInsure, (les trois entités forment « le Groupe »). La Banque a son siège social au Caire, en Égypte.

Pour de plus amples informations, veuillez visiter www.Afreximbank.com

Afreximbank acts as global coordinator and mandated lead arranger for $1.6bn facility for Suriname’s Staatsolie


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African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has acted as global coordinator and joint mandated lead arranger for a senior secured term loan facility amounting to US$1.6 billion, in favour of Staatsolie Maatschappij Suriname N.V. (Staatsolie), Suriname’s state-owned energy company, in a major boost to the country’s GranMorgu upstream offshore oil project.

Afreximbank, Banco Latinoamericano de Comercio Exterior, S.A. (Bladex), along with another major international bank and Staatsolie signed the agreement on the 14th of May 2025. Perella Weinberg acted as an advisor to Staatsolie on the transaction.

According to the terms of the agreement, the proceeds of the facility will support Staatsolie in partially refinancing existing debt and funding its 20 per cent working interest in the GranMorgu upstream offshore oil project.

The transaction, the first syndicated loan for which Afreximbank has been mandated on in the Caribbean region, also represents the largest project financing transaction in Suriname’s history and paves the way for the country’s initial offshore oil production by mid-2028.

Capital investments in the project are expected to exceed US$12 billion, with Staatsolie contributing 20 per cent, or US$2.4 billion. The expected revenue generation, depending on oil price, is projected at over US$26 billion for Staatsolie and the Government of Suriname over the operational life, significantly boosting economic development.

The project, which stands out for its low-carbon design, featuring a fully electric floating production, storage, and offloading unit with a production capacity of 220,000 barrels per day, will more than double Staatsolie´s production, providing Suriname with royalties and dividends.

Commenting on the transaction, Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, said that it will significantly transform the Surinamese economy. “Afreximbank is most pleased to have played a pivotal role in arranging this financing for Suriname’s Staatsolie. It marks a significant milestone in the Bank’s interventions in the Caribbean and a firm statement of intent by the Bank to support investments in strategic programmes/projects that are consequential to the transformation of the Surinamese economy. Beyond this investment, the Bank is supporting initiatives that will catalyse local participation in the country’s oil and gas sector with the aim of ensuring maximum benefits from the natural resource accrue to the indigenes of Suriname and the larger Caribbean.”

Staatsolie is engaged in exploration, production, refining, retail fuel distribution and power generation. Staatsolie also has a working interest in two gold projects in Suriname. It seeks to develop energy resources to maximise the long-term value for Staatsolie and Suriname, energizing a bright future for Suriname

Annand Jagesar, Managing Director of Staatsolie said: “We have built a solid foundation for Staatsolie to participate in GranMorgu and possible future projects and are embarking on a new phase of transformational growth for the company and the country.”

BLADEX, a multinational bank founded in 1979, provides financial solutions to companies and investors doing business in Latin America. It is headquartered in Panama City and has five offices in Latin America and the United States.

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 (Baa1), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). 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

Eritrea: Workshop on Reducing Environmental Pollution

Source: Africa Press Organisation – English (2) – Report:

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A workshop aimed at addressing health problems affecting humans and livestock, as well as environmental pollution caused by unsafe waste management and plastic use, was conducted on 13 June in Barentu, Gash Barka Region.

Mr. Abubeker Osman, Director General of Agriculture and Land in the region, stated that although directives have been issued at the national level to mitigate the impact of plastic use on the environment, plastic products are still widely used by the public. He noted that the workshop aimed to review the measures taken so far and to discuss further actions needed to ensure environmental safety.

Mr. Abraha Gebreamlak, head of the Agriculture branch, provided an extensive briefing on environmental resources, their benefits, and the challenges related to solid and liquid waste management. He highlighted the coordinated efforts in areas such as Teseney and Akordet, where administrations and communities are working together to eliminate hazardous wastes, including plastic. He stressed the need to implement the existing national guidelines.

Ambassador Mahmud Ali Hirui, Governor of the region, emphasized that environmental pollution caused by plastic is becoming increasingly alarming. He called for the establishment of a committee involving all administrations and relevant institutions to assess current waste management practices and plastic use, and to propose concrete measures for improvement.

Participants conducted extensive discussions on the issues raised during the workshop and adopted various recommendations.

– on behalf of Ministry of Information, Eritrea.

Egypt: President El-Sisi Follows Up on Martyrs and Victims Fund Activities and Initiatives

Source: Africa Press Organisation – English (2) – Report:

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Today, President Abdel Fattah El-Sisi met with Chairman of the Board of Directors of the Martyrs and Victims Honoring Fund, Major General El-Sayed El-Ghaly, and the Fund’s Executive Director, Major General Ahmed Al-Ashaal. The fund honors the martyrs, as well as victims, missing and the injured of military and security operations and terror attacks and their families.

Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said the President was briefed on the progress of the Fund’s activities and the services extended to beneficiaries, including the families of martyrs, victims, and those injured in military, terrorist, and security operations, in coordination with relevant state entities.

President El-Sisi was also updated on the Fund’s upcoming initiatives. The President emphasized the need to further improve the services offered by the Fund, develop its resources, and foster its management mechanisms to strengthen its ability to respond to the needs of its beneficiaries.

The President approved the launch of the “Egypt is with You” initiative for underage children of martyrs and victims from the Armed Forces, Police, and civilians. This initiative focuses on investing the allocated funds to ensure the highest investment return for these minor children when they reach legal age, in coordination with the Central Bank, the Sovereign Fund of Egypt, and Misr Insurance Company.

President El-Sisi also approved the inclusion of martyrs and injured officers and other ranks from the Armed Forces in special operations, as well as civilian martyrs in the war effort during previous wars, under the umbrella of the Fund. The President stressed that Egypt will never forget the sacrifices of its loyal sons, and that fitting tributes are being offered to the martyrs and injured who sacrificed their lives for the nation.

Furthermore, the President directed the Ministry of Higher Education and Scientific Research to take the necessary measures to determine exemption and discount rates for various scholarships from public, private, and national universities, as well as private higher institutes, for the Fund’s beneficiaries, along with the method and mechanisms for implementation.

The President affirmed that the Egyptian people hold deep respect and appreciation for all their sons, the martyrs and those injured in military, terrorist, and security operations, who paid a heavy price for the Egyptian people to live in security and prosperity.

– on behalf of Presidency of the Arab Republic of Egypt.

Deputy President to lead 2025 Youth Day commemoration

Source: South Africa News Agency

Deputy President Shiphokosa Paulus Mashatile will, on behalf of President Cyril Ramaphosa, deliver the keynote address at the 2025 Youth Day commemoration and career exhibition event, to be held in the North West Province.

Hundreds of young people are expected to gather on Monday, 16 June 2025, at the North West University (NWU) Rag Farm Stadium, Potchefstroom in the JB Marks Local Municipality.

“As we commemorate this year’s Youth Day, we do so fully aware of the challenges which continue to confront today’s youth, one of them being youth unemployment.  Hence this youth month, Government is putting a strong emphasis on the importance of strong collaboration by all implementing partners on  education, skills and economic development in order to link youth with education and economic opportunities to address youth unemployment in our country,” the Deputy President said on Sunday.

This year’s National Youth Day Commemorative events are taking place are held under the theme, “Skills for the Changing World – Empowering Youth for Meaningful Economic Participation.”

This is a call to all government entities and its strategic partners to accelerate and enhance meaningful interventions in bridging the gap between skills development programmes and services available for access by youth to realise economic gain.

In South Africa, June 16 has been declared a National Youth Day due to the active role and participation of young people in the liberation struggle, noting specifically the student uprising of 16 June 1976. 

The 1976 uprising raised the political awareness and introduced a renewed sense to protest against the oppressive apartheid regime. The peaceful 1976 youth demonstrations were met with brutal force from the apartheid regime, resulting in the tragic loss of innocent lives, including that of Hector Pieterson, who became the face of the brutality worldwide. 

To date, not only does South Africa continue to pay homage to the youth of 1976, but the country also recognises and applauds the greatness of today’s youth as they make up 34% of South Africa’s total population. 

During the Youth Day Commemorative event, Deputy President Mashatile will be accompanied by the Minister of Sport, Arts and Culture, Gayton McKenzie, Minister in the Presidency responsible for Women, Youth and Persons with Disabilities, Sindisiwe Chikunga, Premier of the North West Province, Lazarus Mokgosi, the Acting Chief Executive Officer of the National Youth Development Agency, Mafiki Duma, Mayors, senior government officials and Young Trailblazers. –SAnews.gov.za

SA completes actions to exit greylist

Source: South Africa News Agency

The Financial Action Task Force (FATF) has confirmed that South Africa has substantially completed all 22 recommended action items outlined in the Action Plan adopted when the country was placed on the organisation’s grey list in February 2023.

South Africa was placed on the FATF grey list due to deficiencies in its anti-money laundering and counter-terrorism financing (AML/CFT) regime.

During its plenary session held in Strasbourg, France, the FATF made the initial determination that South Africa has substantially completed its action plan and warrants an on-site assessment. The on-site assessment will be to verify that the implementation of AML/CFT reforms has begun and is being sustained, and that the necessary political commitment remains in place to sustain implementation in the future. 

According to the National Treasury, the completion of the Action Plan paves the way for the final step before the FATF can delist South Africa, which is an on-site visit to South Africa by the FATF Africa Joint Group (JG).

A statement by FATF on (Jurisdictions under Increased Monitoring – 13 June 2025) noted that South Africa has undertaken a range of key reforms, including demonstrating a sustained increase in investigations and prosecutions of serious and complex money laundering and the full range of [terror financing] TF activities in line with its risk profile; and updating its TF Risk Assessment to inform the implementation of a comprehensive national counter financing of terrorism strategy.

The National Treasury emphasised that the improvements to South Africa’s AML/CFT regime are particularly important for South Africa, given the legacy of state capture, one element of which was that law enforcement and prosecuting institutions were deliberately weakened. 

“Improvements in these domains are critical not just for getting off the greylist, but for strengthening the fight against crime and corruption, and for contributing to the integrity of the South African financial system. Exiting the FATF greylist is a significant step forward as South Africa continues to improve and strengthen its supervisory and criminal justice systems,” National Treasury said on Friday.

The on-site visit will take place before the next FATF Plenary, and, if the outcome of the visit is positive, the FATF will delist South Africa from the greylist at its next Plenary in October 2025. Preparations for the on-site visit have commenced.

During this visit, the JG will confirm the country’s ongoing commitment in the implementation of the country’s fight against money laundering, terror financing and other financial crimes.

“National Treasury commends the efforts and commitment of the law enforcement entities, especially the Directorate for Priority Crime Investigation (DPCI) of the South African Police Service, the State Security Agency, and the National Prosecuting Authority (NPA), for the sustained increase in investigations and prosecutions of serious and complex money laundering and terror financing activities. 

“This made it possible for South Africa to secure the upgrades of the last two remaining action items, often considered to be the most difficult, in the current reporting cycle,” National Treasury said.

South Africa also commended Mali and Tanzania, who were delisted from greylisting by the FATF Plenary. 

“We also congratulate Nigeria, Mozambique and Burkina Faso, who like South Africa, were deemed to have substantially completed their action plans, and for whom on-site assessments were also approved.

“National Treasury pays tribute to the late Advocate Rodney de Kock of the NPA, who played a leading role in preparing the groundwork for South Africa to address the action items, but sadly passed away in January 2025.” 

The South African Reserve Bank (SARC) has welcomed the confirmation by the Financial Action Task Force’s (FATF) that South Africa has completed all 22 of its action items.

“This is a significant step forward – but not the time for complacency,” the SARB said on Saturday.-SAnews.gov.za