The drive to innovate across Africa is on the rise, with a thriving startup ecosystem underpinning its potential as a technological powerhouse. Home to the youngest and fastest-growing population in the world, the continent today is more connected than ever before,<a href="https://www.statista.com/statistics/1124283/internet-penetration-in-africa-by-country/"> with internet users jumping more than 350%</a> in the past ten years.



Amid this rapid digital evolution, fintech continues to be the leading vertical for investment within the broader African tech landscape. Since 2000, African fintechs have cumulatively<a href="https://www.bcg.com/publications/2023/africa-unlocking-the-fintech-potential"> raised $6 billion in equity financing</a>, reflecting strong investor confidence in a sector expected to<a href="https://www.bcg.com/publications/2023/africa-unlocking-the-fintech-potential"> reach $65 billion in revenue by 2030 – a 13-fold increase from 2021</a>. Despite a global <a href="https://www.fintechfutures.com/2024/07/global-fintech-investment-fell-by-19-in-h1-2024-according-to-new-innovate-finance-report/">slowdown in fintech funding in the past year</a>, the long-term forecast for Africa appears optimistic, driven by a young and tech-savvy demographic that creates fertile ground for fintech solutions, coupled with an increasingly supportive ecosystem.



Recognizing this vast potential, the Visa Africa Fintech Accelerator program continues its commitment to uplifting fintech. Since its inception in 2023, the Accelerator has enabled up to 45 startups a year to take part in an intensive 12-week program offering mentorship, resources, and opportunities to secure funding, reflecting Visa’s mission to champion fintech solutions across industries.



<h2 class="wp-block-heading" id="h-accelerator-momentum-continues">‘Accelerator’ momentum continues</h2>



Now in its 3rd cohort, the Visa Africa Fintech Accelerator has announced 19 new startups shortlisted to participate in its biannual program. Representing 21 African countries and diverse subsectors—from embedded finance and SME lending to digital banking—the startups will gain access to tools, connections, and expertise to scale their solutions, aligning with Visa&#8217;s ongoing investment in Africa’s digital transformation. Supporting the entrepreneurial drive of women across the continent, 85% of the startups feature female leadership, rising from less than 50% in the inaugural edition<a href="#_ftn5" id="_ftnref5">[5]</a>.



The three-month program will conclude with an exclusive in-person Demo Day, offering startups the opportunity to showcase their groundbreaking solutions to an audience of investors, industry leaders, and potential partners.



Support for participating startups extends beyond the parameters of the program. Recently, Visa announced strategic investments in four fintechs—Oze, Workpay, OkHi, and ORDA—that graduated from the Accelerator’s inaugural cohort. This continued commitment spotlights Visa’s dedication to fostering digital growth throughout Africa, helping to bolster financial development and inclusion in every corner of the continent.



<h3 class="wp-block-heading" id="h-the-19-startups-participating-in-cohort-3-of-the-visa-africa-fintech-accelerator-include">The 19 startups participating in Cohort 3 of the Visa Africa Fintech Accelerator include:</h3>



<ol class="wp-block-list">
<li><a href="http://www.credable.io/">Credable</a> (Kenya) Credable is a digital banking platform that helps businesses and financial institutions across the Middle East and Africa (MEA) embed financial services into their core offerings.</li>



<li><a href="https://fixarwanda.com/">Fixa</a> (Rwanda) Fixa is an end-to-end staffing platform. Their software enables quick sourcing and deployment of on-demand blue-collar workers to businesses across Africa.</li>



<li><a href="https://www.kacha.et/">Kacha</a> (Ethiopia) Kacha is the first fully licensed private payment instrument issuer in Ethiopia, offering mobile money, bill payments, and remittances through their platform.</li>



<li><a href="https://www.melaninkapital.com/">Melanin Kapital</a> (Kenya) Melanin Kapital is building a carbon neobank for African businesses to access green loans and carbon credits.</li>



<li><a href="https://www.umba.com/kenya/umba-business">Umba</a> (Kenya) Umba is a fully licensed digital microfinance bank, offering bank accounts and financial services to customers in Kenya and Nigeria.</li>



<li><a href="https://zendawa.africa/#/">Zendawa</a> (Kenya) Zendawa is enabling neighborhood pharmacies to sell online and use embedded finance services.</li>



<li><a href="https://www.enzagroup.global/">Enza</a> (Egypt) Enza helps banks better engage SMEs with mobile-led acceptance and extends banks’ current offerings to SMEs with lending and deposits.</li>



<li><a href="https://moneco.app/">Moneco</a> (Algeria) Moneco is a neobank that links Europe to Africa with the aim of easing access to bank accounts for the African diaspora.</li>



<li><a href="https://moneyhash.io/">MoneyHash</a> (Egypt) MoneyHash consolidates multiple payment APIs into a single integration point, simplifying the payment and routing process for their merchants.</li>



<li><a href="https://www.wafr.co/">WafR</a> (Morocco) WafR has developed a digital wallet that allows informal merchants to market financial services across Morocco.</li>



<li><a href="https://www.blockmarketsafrica.com/">Block Markets Africa</a> (South Africa) Block Markets Africa uses real-world asset tokenization to build open financial markets infrastructure (FMI) and institutional applications.</li>



<li><a href="https://www.gojabu.com/">Jabu</a> (Namibia) Jabu provides a suite of cash management and digital financial service products across Southern Africa.</li>



<li><a href="https://ordev.io/">Ordev</a> (South Africa) Ordev is an aggregated middleware platform that integrates digital services and providers for retail and hospitality businesses across Africa.</li>



<li><a href="https://sticitt.co.za/">Sticitt</a> (South Africa) Sticitt simplifies school-related payments to increase collections from parents and the wider community while reducing admin work.</li>



<li><a href="https://www.getbumpa.com/">Bumpa</a> (Nigeria) Bumpa is powering digital commerce for retail and D2C businesses in Africa.</li>



<li><a href="https://www.kredete.com/">Kredete</a> (Nigeria) Kredete is a digital lending marketplace that provides an all-in-one credit infrastructure for borrowers and lenders across the continent.</li>



<li><a href="https://nearpays.com/">NearPays</a> (Nigeria) NearPays is a full-service payment platform for businesses to pay, accept payments, transfer funds, and track cash flow.</li>



<li><a href="https://paysika.co/en/">PaySika</a> (Cameroon) PaySika is building the first challenger bank in Central Africa, empowering both individuals and SMEs to receive IBANs and transfer money across Africa.</li>



<li><a href="https://www.wewire.com/">WeWire</a> (Ghana) WeWire is a B2B cross-border payments solution to help businesses easily collect and pay their vendors, suppliers, and trade partners.</li>
</ol>

277A9374

Visa’s commitment to fintech continues with 3rd cohort of Visa Africa Fintech Accelerator

Zakhele Mayisa, Co-Head of Africa Infrastructure at Nedbank Corporate and Investment Banking, South Africa and Geoffrey Gangla, Chief Representative Officer and Head of East Africa Coverage at Nedbank Corporate and Investment Banking, Kenya



Stories abound of how young school children in rural areas across Africa walk long distances to reach their places of learning and of pregnant women who must be carried in wheelbarrows to receive medical attention at clinics in outlying areas. There are also tales of how poor road infrastructure has and continues to hinder the transportation of goods across the region, which, in some areas, become inaccessible during the rainy season.



Congested and inefficient port and harbour infrastructure has also caused inordinate delays to move goods or resulted in ships taking weeks to berth to unload their cargo. Inadequate border infrastructure means transporting people and goods takes longer than it should – a frustrating experience for businesses and individuals. This affects efforts to not only boost intraregional trade and investment but tourism and intraregional travel as well.


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="533" height="800" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/11/ZakheleMayisa.jpg" alt="" class="wp-image-555798" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/11/ZakheleMayisa.jpg 533w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/ZakheleMayisa-200x300.jpg 200w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/ZakheleMayisa-60x90.jpg 60w" sizes="auto, (max-width: 533px) 100vw, 533px" /><figcaption class="wp-element-caption">Zakhele Mayisa, Co-Head of Africa Infrastructure at Nedbank Corporate and Investment Banking, South Africa.</figcaption></figure></div>


These examples emphasise the importance of adequate and modern transport networks and infrastructure to facilitate economic growth and achieve better lives in a continent where inequality persists. Poor national and regional road networks, fragmented rail systems, and inadequate airports and ports increase logistics costs and hamper economic diversification and industrialisation efforts. This limits the competitiveness of African goods in both regional and global markets.&nbsp;



All is not lost though. African governments have acknowledged the importance of investments in infrastructure, in particular transport infrastructure, because it is the backbone of any economy, let alone the region. They also realise that infrastructure development is critical owing to its significant impact on economic growth and social progress. Infrastructure development is also crucial to thrive under the African Continental Free Trade Agreement (AfCFTA), which aim to improve the continent’s trade position in the global economy.



To unlock growth and trade opportunities and to bring meaningful development to communities, a coordinated approach between public and private investors is needed to attract investment in infrastructure, including efficient and modern integrated transport and logistic networks. Current estimates from the <a href="https://www.afdb.org/en/news-and-events/public-private-partnerships-needed-bridge-africas-infrastructure-development-gap-65936">African Development Bank</a> (AfDB) show that Africa needs between $130 and $170 billion in annual infrastructure funding, with a financing gap of $68 to $108 billion. At least 15% of this total relates to transport infrastructure.



Prioritising cross-border transport infrastructure as part of economic development plans has become even more critical if the region is to achieve its developmental, economic, and social goals. For instance, Tanzania has identified transport as a key focus area under its &#8216;Tanzania Development Vision 2025&#8217;, aiming to improve roads, railways, as well as air and water transport systems.



Similar projects are underway in Kenya, Rwanda and the Democratic Republic of Congo (DRC), focusing on integrated transport corridors, highways, and border posts, as well as ports and harbours. While these investments are commendable, additional capital is needed to expand and achieve modern, cost-effective, integrated transport infrastructure.



Cross-border connectivity remains a challenge, even in regions with increasing integration, like east and southern Africa. Concessionary funding from Development Finance Institutions (DFIs) will therefore be crucial for developing cross-border transport systems beyond pit-to-port models, expanding railways and roads to support multi-sector growth and private sector development.



The significant investment required for large-scale, cross-border projects demands innovative financing solutions. This will involve public-private partnerships (PPPs) to leverage risk-sharing mechanisms and blend funding sources. DFI support is especially crucial for low-income countries with underdeveloped financial markets, enabling them to secure necessary infrastructure investment.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="715" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/11/1000097535-1-820x715.jpg" alt="" class="wp-image-555799" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/11/1000097535-1-820x715.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/1000097535-1-300x262.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/1000097535-1-103x90.jpg 103w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/1000097535-1-768x669.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/1000097535-1.jpg 1200w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Geoffrey Gangla, Chief Representative officer and head of East Africa coverage at Nedbank Corporate and investment Banking, Kenya&nbsp;</figcaption></figure>



A successful PPP model requires supportive policies, government guarantees, and flexible project frameworks, since no &#8216;one-size-fits-all&#8217; strategy works across Africa’s diverse markets. Well-structured contract drafting ensures clarity in operations and maintenance responsibilities, attracting private investors and spreading financial risk.



Financial institutions like Nedbank Corporate and Investment Banking will play a critical role in unlocking investment for transport infrastructure and improving cross-border connectivity across Africa. With a growing presence in Tanzania and east Africa, Nedbank is well-positioned to facilitate these investments.



Regional governments should therefore continue to implement macroeconomic and financial reforms to attract large-scale private sector capital for transport infrastructure. Addressing sovereign and political risks will be critical in enhancing investor confidence in the transport infrastructure sector. These reforms are essential for facilitating the movement of goods and promoting trade and growth across Africa.



Investing in transport infrastructure today will pave the way for a connected, prosperous Africa tomorrow; one that can trade competitively, grow sustainably, and thrive regionally. It will also address the inequality that exists between the impoverished and the wealthier people across the continent, because better infrastructure is essential for better lives.

1000097535 1

Driving Africa’s future through transport infrastructure

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2048" height="1365" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/11/GettyImages-1770718226-scaled.jpg" alt="" class="wp-image-554129" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/11/GettyImages-1770718226-scaled.jpg 2048w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/GettyImages-1770718226-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/GettyImages-1770718226-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/GettyImages-1770718226-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/GettyImages-1770718226-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/GettyImages-1770718226-1536x1024.jpg 1536w" sizes="auto, (max-width: 2048px) 100vw, 2048px" /><figcaption class="wp-element-caption">Schoolgirl sitting at group desk working on digital tablet</figcaption></figure>



Social media has been described as a double-edged sword. On one hand, it connects us globally, helps to break barriers and is a platform&nbsp;for&nbsp;self-expression&nbsp;and&nbsp;creativity. On the other, it is also often blamed for eroding real-world, in-person connections.&nbsp;



However, the increased penetration of internet connectivity, mobile, and smart devices in Africa has seen young people on the continent embrace the use of social media to advance their education by accessing information and learning materials in real-time, helping them connect with other learners, educators, and mentors across geographical boundaries.&nbsp;&nbsp;



To give deeper insights into how young people are using social media for education and learning, the November edition of the Mastercard Foundation EdTech Mondays Africa featured views and opinions of undergraduate students from the United States International University of Africa (USIU-Africa) in Nairobi, Kenya. The discussions contextualized how young people at higher-learning institutions use social media to research, participate in discussion groups, communicate with lecturers, and collaborate with peers on group assignments. Through social media tools and platforms, young people are understanding the world in a way previous generations did not and are gaining exposure to diverse learning experiences. &nbsp;



“I spend almost eight hours a day on social media platforms. It has influenced my learning space tremendously. It also helps me complete my assignments and meet people who are more advanced in my career path, such as data scientists,” says Martin Kyaremateng, a Ghanaian undergraduate student in Data Science and Analytics at USIU-Africa.&nbsp;



Kyaremateng, who juggles his time between 20 WhatsApp groups adds, “I have also benefited from the influx of new social media platforms such as LinkedIn and Instagram. This is the best thing that has ever happened to the world of technology because when I was in high school, we only had WhatsApp as an information-sharing tool, but a lot of my connections today come because of my presence on platforms like LinkedIn.”&nbsp; &nbsp;



Carine Ishimwe from Rwanda is another undergraduate student at USIU-Africa, pursuing a degree in Information Systems and Technology and majoring in Cyberspace and Forensics. She uses social media not only for entertainment, but as a learning tool too.&nbsp;



Ishimwe spends close to 10 hours a day on social media, interacting with other learners and educators across 50 WhatsApp groups. And while some of her activities on social media are related to entertainment, many others, she says, are related to schoolwork. “Social media has changed my life for the better. I got scholarship links from one of my friends on WhatsApp,” says Ishimwe.&nbsp;&nbsp;&nbsp;



Global studies show educators are becoming increasingly aware of social media’s effect on the learning process. According to Georgetown University, students were said to react positively whenever a teacher was willing to use social media as a learning tool since “an online chat discussing a certain book gives students the ability to open up and share their opinions.”&nbsp;



That is how Dr. Collins Oduor, an Assistant Professor of Information Systems at USIU-Africa’s School of Science and Technology, prefers to look at technology – as an interactive communication tool for both learners and educators. Dr. Oduor engages his students on the school’s WhatsApp group where important messages are shared not only within his department but university wide.&nbsp;&nbsp;



Dr. Oduor says social media has opened up and enlarged the scope of education, since students are learning to do more research, learn more than what is presented in lectures, and assess the information&#8217;s value. It also makes student-teacher communication more convenient.



“My work has become very easy in terms of reaching out directly to the students because social media gets us close with each other in terms of breaking the barriers. I am able to reach them at any time, even after the official hours. They can also reach out to me at any given time. To me, the benefits of social media far outweigh the disadvantages,” says Dr. Oduor.&nbsp;



Dr. Oduor advises that rather than reduce their use of social media, learners need to be empowered to learn how to use it productively so that when they come to class, they can share meaningful ideas, have deep discussions, and see how the knowledge acquired can be applied for better outcomes.&nbsp;



However, there are also the dangers that come with the uncontrolled use of social media. Grace Makwaza, a student from Lesotho studying International Relations and Criminal Justice at the university, says she thinks social media presents a “challenge [to] our intrinsic values as human beings”.&nbsp;



Makwaza urges young people to strike a balance, rather than categorize social media as a good or bad tool. “Social media is a tool. However, the moment I see myself spending more than 12 hours there, I question my capacity to hold on to my value of discipline. Perhaps that discipline is not as strong as it is supposed to be,” she says. “So more than anything, I think we need to gauge how strong our intrinsic values are, instead of polarizing social media as either a good or a bad tool.”&nbsp;&nbsp;



Another major drawback of social media is the distraction caused by the constant flow of information. During class or examination time, Dr. Oduor ensures that school rules regulating the use of social media are strictly adhered to, including the prohibition of using phones in the exam room “unless the exam is an open book.”&nbsp;&nbsp;



There are also fears that social media distraction can interfere with the learning of subjects that require strict discipline. Jennifer Bessie, a Psychology student, says her professors will not allow them to be distracted by phones because that will interfere with work ethics as practicing psychologists in future.&nbsp;According to Bessie, uncontrolled use of social media is detrimental to the emotional and mental growth of learners in the younger brackets.&nbsp;



&#8220;As a student in the psychology field, we have learnt much about cyber bullying and its effects on mental health.&nbsp;Teenagers and other young learners have started to compare themselves with what they see on social media and that is very worrisome. Too much screen time affects the development of such young children,” she says.&nbsp;



However, Bessie says social media has key advantages&nbsp;in psychology, including online counselling.&nbsp;



“Due to the limited number of psychologists in the world and the rise in mental health issues, we found out that having online tools at USIU-Africa&#8217;s counselling centre where I trained as a peer counsellor is good because&nbsp;we can have online counselling sessions with those we can&#8217;t meet physically. You can still get in touch with such people and help them manage certain mental health issues. So, social media may have some distractions, but it has a lot of mental health advantages for those of us in the psychology field,” says Bessie.&nbsp;



Dr. Oduor says that “most institutions of learning do not have social media policies,” a challenge that both governments and learning institutions share.&nbsp;



As a way forward, he suggests that there is a need to craft policies that support the use of social media to achieve the true impact in education across board.&nbsp;



While more public schools are embracing usage of tablets and adding computer literacy to curricula, a lot more work needs to be done to streamline national and institutional-wide policies to promote positive use of social media in the learning environment. &nbsp;



With social media now an invaluable tool for learning in education and the work environment, such policies will need to be both protective and productive, unlike the reactive nature of current laws. In the meantime, it will require discipline and parental regulation on screen time for young learners, for all to benefit from social media while avoiding unintended drawbacks.&nbsp;



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<h3 class="wp-block-heading" id="h-watch-the-full-episode">Watch the full episode:</h3>



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<iframe loading="lazy" title="EdTech Monday: The Impact of Social Media on Education and Learning" width="500" height="281" src="https://www.youtube.com/embed/pzY7hfwvLvg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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The Impact of Social Media on Education and Learning in Africa

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2048" height="2048" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/11/HONOR-AfricaCom_1-scaled.jpeg" alt="" class="wp-image-553716" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/11/HONOR-AfricaCom_1-scaled.jpeg 2048w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/HONOR-AfricaCom_1-300x300.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/HONOR-AfricaCom_1-800x800.jpeg 800w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/HONOR-AfricaCom_1-90x90.jpeg 90w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/HONOR-AfricaCom_1-768x768.jpeg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/HONOR-AfricaCom_1-1536x1536.jpeg 1536w" sizes="auto, (max-width: 2048px) 100vw, 2048px" /></figure>



[Cape Town, South Africa – 12 November 2024] — HONOR, a global technology leader, spearheaded a panel discussion at AfricaCom and was joined by prominent leaders from Google and Cell C to explore how artificial intelligence (AI) and foldable smartphones are set to revolutionise the African market and transform people’s lives.



The fireside chat, led by Fred Zhou, CEO of HONOR South Africa featured Jorge Mendes, CEO of Cell C and Vinod Nenwani, Android Partnerships for North and South Africa at Google. The panel shed light on the potential of emerging technologies to drive sustained growth, boost digital inclusion, and accelerate connectivity across Africa. It also highlighted the need for collaboration among multiple stakeholders to fully unlock the continent’s digital potential.



In the discussion, HONOR reiterated its commitment to leveraging AI for good and working with stakeholders. “HONOR ensures it follows local regulations wherever we operate. We support the Ministry of Communications and Digital Technologies’ balanced approach to unlock AI&#8217;s full potential while ensuring its equitable benefits for all Africans,” says Fred Zhou, CEO of HONOR South Africa. In particular, HONOR shares the Ministry’s belief that responsible AI deployment must serve the greater good without compromising fundamental human rights.



<h2 class="wp-block-heading" id="h-revolutionising-connectivity-and-inclusion-through-innovation">Revolutionising connectivity and inclusion through innovation</h2>



The panelists emphasised that AI-powered smartphones and the proliferation of devices represent a new era in mobile technology. These innovations promise to make technology more accessible, intuitive, and beneficial for people in Africa. By improving user experiences, expanding possibilities for multitasking, and driving new applications for both personal and professional use, these advancements could significantly elevate the quality of digital life for millions.



“Technology has the power to change lives, and the amazing capabilities of smartphones is allowing us to use it for education and driving the growth of the digital economy,” comments Mendes. “We’re committed to working closely with partners like HONOR to ensure these advancements contribute meaningfully to bridging the digital divide.”



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2048" height="2048" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/11/HONOR-AfricaCom_2-scaled.jpeg" alt="" class="wp-image-553717" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/11/HONOR-AfricaCom_2-scaled.jpeg 2048w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/HONOR-AfricaCom_2-300x300.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/HONOR-AfricaCom_2-800x800.jpeg 800w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/HONOR-AfricaCom_2-90x90.jpeg 90w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/HONOR-AfricaCom_2-768x768.jpeg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/HONOR-AfricaCom_2-1536x1536.jpeg 1536w" sizes="auto, (max-width: 2048px) 100vw, 2048px" /><figcaption class="wp-element-caption">From Left: Fred Zhou, HONOR South Africa CEO, Minister of Communications and Digital Communications, Solly Malatsi and Daniel Wang, President of MEA, HONOR</figcaption></figure>



<h2 class="wp-block-heading" id="h-honor-s-commitment-to-africa-s-digital-economy">HONOR’s commitment to Africa’s digital economy</h2>



HONOR’s involvement in the discussion comes as the company continues to make major investments in the South African economy, with over R400 million invested to date. These contributions include support for impactful initiatives such as the Youth Employment Service (YES) Program and the Code with HONOR initiative, which focuses on empowering the next generation with technological skills.



“HONOR is deeply committed to fostering local innovation and youth empowerment in South Africa,” add Zhou. “Our investment in projects like the YES Program and Code with HONOR not only supports job creation but also ensures young people are equipped with the skills needed to thrive in the digital age.”



<h2 class="wp-block-heading" id="h-the-role-of-collaboration-for-sustained-growth">The role of collaboration for sustained growth</h2>



The technology leaders agreed that the future of Africa’s smartphone market depends on multi-stakeholder collaboration. By working together, companies can address the unique challenges of the continent, from infrastructure limitations to affordability and digital literacy. Vinod Nenwani,&nbsp; Android Partnerships for North and South Africa, highlighted the importance of partnership-driven efforts to sustain rapid growth and economic development.



“What we are seeing is a platform shift. As we continue our mission to make information universally accessible, Google is dedicated to enhancing connectivity across Africa,” explains Nenwani. “As responsible players, we can ensure that the technology reaches even the most underserved communities, providing opportunities for economic empowerment and inclusion.”



Commenting on how AI needs to be inclusive, Zhou explains how the brand is making AI features accessible even in its midrange devices, a differentiator he believes to be paramount.



HONOR marked its debut participation at AfricaCom 2024 where it hosted a walk-through with the Minister of Communications and Digital Technologies, Solly Malatsi, showcasing its industry-leading technology.

HONOR AfricaCom_1

HONOR Spearheads Dialogue on the Future of the Smartphone Industry, Echoes Transparent and Ethical Use of AI

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="499" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/11/Orange-Middle-East-and-Africa-and-Mastercard-partner-to-digitize-payments-for-millions-across-Africa-by-2025-820x499.jpg" alt="" class="wp-image-551743" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/11/Orange-Middle-East-and-Africa-and-Mastercard-partner-to-digitize-payments-for-millions-across-Africa-by-2025-820x499.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/Orange-Middle-East-and-Africa-and-Mastercard-partner-to-digitize-payments-for-millions-across-Africa-by-2025-300x183.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/Orange-Middle-East-and-Africa-and-Mastercard-partner-to-digitize-payments-for-millions-across-Africa-by-2025-148x90.jpg 148w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/Orange-Middle-East-and-Africa-and-Mastercard-partner-to-digitize-payments-for-millions-across-Africa-by-2025-768x467.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/Orange-Middle-East-and-Africa-and-Mastercard-partner-to-digitize-payments-for-millions-across-Africa-by-2025-1536x935.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/Orange-Middle-East-and-Africa-and-Mastercard-partner-to-digitize-payments-for-millions-across-Africa-by-2025-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



A partnership between Orange Middle East and Africa (OMEA) and Mastercard will empower millions of Orange Money wallets with digital payments by 2025, boosting financial inclusion in seven countries.



Orange Middle East and Africa (OMEA) and Mastercard have announced a strategic partnership to expand access to mobile financial services across Sub-Saharan Africa.



The partnership will be rolled out in seven countries including Cameroon, Central African Republic, Guinea-Bissau, Liberia, Mali, Senegal and Sierra Leone.



With only 48% of the adult population in Africa banked, according to the <a href="https://urldefense.com/v3/__https:/www.weforum.org/agenda/2023/11/africa-digital-mobile-banking-financial-inclusion/*:*:text=Today*2C*2048*25*20of*20Africa's*20population,at*20pace*20across*20the*20continent.__;I34lJSUlJSUlJSUl!!NDdRaFrjhKsg!u8970P0_niqZFWKSxuLE987rTFTZam8Qo9a0WwR190rbowakCVqxHhbcB94_hpC-ZMQZL1tBCI02V55eBs5KQxE$">African Digital Banking Transformation Report,</a> the collaboration between Orange and Mastercard is designed to accelerate financial access, contributing to the financial empowerment of underserved communities.



Orange Money customers will be able to instantly obtain a virtual or physical debit card, linked directly to their Orange Money wallets. These cards will allow seamless payments both locally and internationally, enabling transactions with local merchants and on any website or mobile app that accepts Mastercard. Customers can easily request their virtual debit card via Max it—Orange’s Super App—and collect a physical card at a designated Orange Money Mastercard point of sale.



Speaking on the partnership, Aminata Kane, CEO Orange Money Group, Middle East and Africa, says, “This collaboration is an opportunity to bring top notch innovation to our customers, allow to pay with the Mastercard card linked to their Orange Money wallet when they travel internationally, and give them access to online shopping all over the world, in a simple and secure way. By offering our users the ability to pay effortlessly with Mastercard virtual card, we open the door to a world of new possibilities and promote their financial independence.”



“At Mastercard, we are committed to advancing financial inclusion by leveraging cutting-edge technology to create meaningful, scalable impact. Our collaboration with Orange Money represents a significant step in unlocking the full potential of digital financial services across Africa, enabling millions to participate in the global economy. This collaboration is a testament to our vision to building an inclusive digital ecosystem that leaves no one behind,” adds Amnah Ajmal, Executive Vice President Market Development, Mastercard EEMEA.



Orange’s extensive reach—more than 160 million customers and 37 million active Orange Money accounts in 17 countries in Africa and the Middle East—has already proven to be a crucial enabler of financial inclusion.



By offering simple and secure transfers, payments tools, and other financial services via mobile phones, Orange Money has brought affordable, reliable, and accessible financial solutions to individuals who were previously excluded from the formal financial system.



The collaboration further strengthens Mastercard’s position as a trusted technology partner for telecommunications companies in Africa. The company’s extensive expertise in securing payment gateways, local market know-how, and tailored solutions for small and medium sized enterprises (SMEs) supports growth, innovation, and financial inclusion across the continent.



This partnership also supports Orange’s broader strategy to offer more efficient and seamless payment solutions to its customers, further boosting financial inclusion and supporting Africa’s digital transformation.&nbsp;

Orange Middle East and Africa and Mastercard partner to digitize payments for millions across Africa by 2025

The Drive To Digitize Payments For Millions Across Africa By 2025

Weeklong Agenda of Events to Feature New Startup-Investor Lunch, Partner and Media Receptions, Thematic Sessions with Host Partner Afreximbank and Lead Partners Novartis and Standard Bank Group, a networking reception, as well as Closing &amp; Outlook Luncheon.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="800" height="800" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/11/Africa-Collective-Expanded-Africa-Focus-800x800.jpg" alt="" class="wp-image-550438" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/11/Africa-Collective-Expanded-Africa-Focus-800x800.jpg 800w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/Africa-Collective-Expanded-Africa-Focus-300x300.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/Africa-Collective-Expanded-Africa-Focus-90x90.jpg 90w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/Africa-Collective-Expanded-Africa-Focus-768x768.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/11/Africa-Collective-Expanded-Africa-Focus.jpg 1200w" sizes="auto, (max-width: 800px) 100vw, 800px" /></figure>



Switzerland, Davos, 01 November 2024: Africa Collective, with African Export-Import Bank (Afreximbank) as its Host Partner and the African Continental Free Trade Area (AfCFTA) Secretariat as its Patronage Partner, is unveiling an expanded series of Africa-focused events at Davos 2025 bringing new programming, additional partner spaces, and dedicated sessions alongside corporate partners to advance African economic and investment agendas on the margins of the World Economic Forum annual agenda from 20 to 24 January 2025.&nbsp;



Africa Collective Davos 2025 will be supported by both longstanding and new partners of the initiative, including, Novartis, a global innovative medicines company headquartered in Switzerland, and Standard Bank, the biggest bank in Africa by assets, as Lead Partners, as well as Old Mutual, a pan-African investment, savings, insurance, and banking group,&nbsp; and Ventures Platform, Africa’s leading early-stage venture capital firm, as Supporting Partners.



This year’s program will also include several exciting firsts, including the Digital Network Davos x Africa Collective Startup and Investor Lunch on navigating African investment opportunities amidst global uncertainty and a dedicated Partner Lounge at the Hard Rock Hotel Davos, hosting a Partner Reception to launch the week’s events and a Media Reception.&nbsp;



The weeklong program will offer enhanced opportunities to engage and elevate African priorities through targeted events with the program lineup also including:



<ul class="wp-block-list">
<li>Three Key Thematic Roundtables: Hosted in the Glass Pavilion, drawing leaders to discuss priority topics.</li>



<li>Networking Cocktail: Co-hosted by Afreximbank, offering cross-sector networking opportunities.</li>



<li>Closing Luncheon: An exclusive event hosted at the iconic Chapel to conclude the week featuring a high-level panel dialogue with panelists and participants, including decision-makers from the public and private sectors. </li>
</ul>



Each event is designed to foster impactful business discussions amongst private-sector leaders as well as public-sector representatives from Africa and beyond, offering unparalleled opportunities for networking and collaboration.



Prominent media partners CNBC Africa, African Business Magazine, and Business Insider Africa will bring in-depth coverage of the week’s critical discussions, further amplifying Africa’s voice and priorities at Davos.



Please visit the <a href="https://www.linkedin.com/company/africacollective/?viewAsMember=true">LinkedIn Page</a> for more information about Africa Collective and updates on the programme and activities in Davos and beyond.&nbsp;



ENDS



About the African Continental Free Trade Area (AfCFTA) Secretariat



The AfCFTA is the world’s largest free trade area bringing together the 55 countries of the African Union (AU) and eight (8) Regional Economic Communities (RECs). The overall mandate of the AfCFTA is to create a single continental market with a population of about 1.4 billion people and a combined GDP of approximately US$ 3.4 trillion. The AfCFTA is one of the flagship projects of Agenda 2063: The Africa We Want, the African Union’s long-term development strategy for transforming the continent into a global powerhouse.



The AfCFTA Secretariat coordinates and facilitates the implementation of the AfCFTA agreement among African states.&nbsp; It also engages stakeholders to promote the AfCFTA and undertakes trade and investment promotion activities to enhance intra-African trade, among other duties.



For more information, visit: <a href="http://www.au-afcfta.org">www.au-afcfta.org</a>



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 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 industrialization 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 is setting up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2023, Afreximbank’s total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its 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: <a href="http://www.afreximbank.com">www.afreximbank.com</a>



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About Africa Collective



Africa Collective is an information, exchange and collaboration platform for Africa. Its network, events and publications are focused on advancing the African continent globally. Through its network, events, and publications, Africa Collective champions the continent’s interests and opportunities on the global stage. The African Continental Free Trade Area (AfCFTA) Secretariat has proudly supported the initiative as Patronage Partner from the beginning, while Africa Unlimited is the Management Partner. Together with key partners—including Afreximbank, Novartis, Standard Bank, and Old Mutual, amongst others, Africa Collective combines forces, resources and existing initiatives to amplify Africa&#8217;s voice and advance its position on the global stage.



Africa Collective was formed during a high-level business roundtable on Africa in Davos, Switzerland, at the time of the Annual Meeting of the World Economic Forum in January 2020. Based on the impactful discussions between pan-African and global leaders held on the occasion, Africa Collective was formally launched together with the AfCFTA Secretariat as a patronage partner and in the presence of H.E. Wamkele Mene, Secretary General of the AfCFTA Secretariat, at an inaugural luncheon held on&nbsp;



19 January 2023.



The platform is an all-year, pan-African initiative by and for private &amp; public sector players on the continent. Besides its yearly flagship representation in Davos (2020, 2023, 2024 and upcoming 2025 agenda), the platform has a strong presence at critical events in Africa and beyond, including the Africa CEO Forum, AfCFTA Business Forum “Biashara Afrika” and AfCFTA Intra-African Trade Fair.&nbsp;



For more information, visit: <a href="http://www.africacollective.xyz/">www.africacollective.com</a> and <a href="https://www.linkedin.com/company/africacollective/?viewAsMember=true">LinkedIn Page</a>

Africa Collective Davos- High-level Panel discussion

Africa Collective, AfCFTA Secretariat and Afreximbank launch Expanded Africa-Focused Programme for Davos 2025

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GettyImages-1189483048-820x547.jpg" alt="" class="wp-image-548644" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GettyImages-1189483048-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GettyImages-1189483048-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GettyImages-1189483048-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GettyImages-1189483048-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GettyImages-1189483048-1536x1024.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GettyImages-1189483048-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">African children using a laptop inside classroom</figcaption></figure>



Africa faces a shortage of nearly 15 million teachers to meet universal primary and secondary education goals by 2030, according to a report published by <a href="https://unesdoc.unesco.org/ark:/48223/pf0000387001">UNESCO</a>.



To tackle this shortage, there is a need to shift from the exclusive use of traditional teaching methods to the implementation and use of education technology (EdTech). According to UNICEF, about 108 million young people across the continent are out of school. These staggering numbers point to the work that must be done to chart the path to meaningful education for Africa’s young population.



One of governments&#8217; main roles is to create enabling environments for various sectors and industries to thrive. One indicator of an enabling environment is the formation of policies that inform decision-making. To make suitable investments in education, policies relevant to 21st-century learning need to be formulated. EdTech-specific policies would guide investment in technology-enabled education.



The October 2024 edition of Mastercard Foundation EdTech Mondays Africa brought together education ministers from Ghana and Sierra Leone, experts from the Mastercard Foundation, and education specialists Inspiring Teachers Ghana to assess the role of policy in advancing education technology.



The <a href="https://www.worldbank.org/en/topic/education/brief/edtech-readiness-index">World Bank&#8217;s Education and Technology Readiness Index (ETRI)</a> emphasizes that well-structured policies and practices are essential for effectively integrating technology in education.



Some countries are way ahead of others in driving policy development and implementation. Rwanda, for example, has drafted its EdTech Policy, which is awaiting official&nbsp;approval. Ethiopia’s ICT in Education Strategy and Policy has been&nbsp;approved, while Ghana is in the early stages of a roadmap to develop its EdTech&nbsp;strategy and policy.



In Ghana, the education system is undergoing a significant transformation and is being retooled for the “Fourth Industrial Revolution.” Through education reforms, young learners in Ghana who terminated their education at lower levels now have an opportunity to further their education.



“With the Fourth Industrial Revolution, everything is changing. Jobs we thought were good and reliable will no longer exist in the next few years. For Ghana to remain competitive in the global economy, the government decided that education—from kindergarten all the way through high school and university—had to be looked at through a different prism altogether,” said Dr. Yaw Osei Adutwum, Ghana’s Minister for Education. “[This is] a process that began by looking at the purpose of education through the development of STEM high schools for girls to ensure their numbers went up.”



This has resulted in Ghana coming close to attaining gender parity in secondary education.



Adutwum added that while Ghana has mineral resources, including gold, which can transform the economy, developing policies that spur human capital is more important if the country is to remain competitive in the global economy.&nbsp;



Sound education technology policies can also help education ecosystems remain resilient in the wake of diverse shocks that cause wide disruptions.



Sierra Leone, for example, has experienced multiple shocks and disruptions. Its 11-year civil war (1991-2002) greatly impacted the number of teachers working in the education system, followed a decade later by the Ebola outbreak in 2014, which forced schools to shut down for almost a year. And just six years after that, in 2020, COVID-19 disrupted the education system in the country once again. &nbsp;



“As a result of all that, the government took a deliberate action to introduce education technology as a tool not only to leapfrog our way to the 21st century but also to recover from learning losses. This is why technology sits right at the center of our educational system,” said Conrad Sackey, Minister for Basic and Senior Secondary Education in Sierra Leone.



While many African governments recognize the importance of developing effective education policies, panelists at the EdTech Mondays event said that the focus of these policies must be on the continent&#8217;s diverse challenges and how technology investments can address them.



A key priority when drafting any policy is listening to stakeholders. In this case, this group should include the EdTech community, users, teachers, and, most importantly, parents. This way, policies can achieve more than just putting devices and internet access in the hands of teachers and learners.



“We must look at the skills gaps and how to bridge them, especially for the educators. We don&#8217;t have to wait for everyone to be at par [across Africa] because we have seen very innovative, locally developed EdTech solutions that are bridging some of these gaps in access,” noted Suraj Shah, Head of Strategic Partnerships and Thought Leadership at the Mastercard Foundation Centre for Innovative Teaching and Learning.



Once the skills gaps are addressed, Shah says Africa needs policies to change the way classrooms are run. He recommends rethinking the current “one-way information system” in which the teacher stands in front of a classroom, speaks, and learners take notes. Instead, he advises that education systems of the 21st century should allow for integration of tutor-student interaction and practical project assignments backed by technology.



“By introducing EdTech in schools, we make the education system resilient so that if physical learning in the classroom is disrupted, there will be a way for learners to continue learning,” he said.



What, then, are some of the key indicators of an effective EdTech policy?



According to Regina Mensah from Inspiring Teachers Ghana, an effective policy should achieve the following:



<ul class="wp-block-list">
<li>Increase accessibility to education technology for all communities, especially those facing the most significant barriers to success.</li>



<li>Narrow the gender gap by having an equal number of boys and girls with access to education technology.</li>



<li>Measure the upward trajectory of learning outcomes. For example, a country&#8217;s number of exam seating candidates and their performance should have increased by a certain percentage in their basic education examination each year.</li>
</ul>



Mensah adds the continent’s challenge lies not in the lack of such policies but in the implementation of the ones already formulated. “Policies are there, but they are crafted to be implemented. It is at the implementation stage that you get the effect of the kind of policy that has been formulated,” she says.



Collaboration, it was agreed, is critical to continent-wide success in transforming the education system, since lack of infrastructure, accessibility, funding, and personnel constraints are shared challenges. If African countries could establish a way to exchange insights into education policy formulation and share success stories with one another, they could leapfrog the development phase and move directly into implementing policies that support education technology.

African children using a laptop inside classroom

The Role of Policy in Advancing EdTech in Africa

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="800" height="800" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/MTN_30Years_SquarePosts_2160x2160_3-800x800.png" alt="" class="wp-image-548290" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/MTN_30Years_SquarePosts_2160x2160_3-800x800.png 800w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/MTN_30Years_SquarePosts_2160x2160_3-300x300.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/MTN_30Years_SquarePosts_2160x2160_3-90x90.png 90w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/MTN_30Years_SquarePosts_2160x2160_3-768x768.png 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/MTN_30Years_SquarePosts_2160x2160_3-1536x1536.png 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/MTN_30Years_SquarePosts_2160x2160_3.png 2048w" sizes="auto, (max-width: 800px) 100vw, 800px" /></figure>



The dawn of the digital age brought with it promises of a connected world, but for many in Africa, that promise seemed distant in the early 1990s. Telecommunications were a luxury, available only to a select few, with vast areas of the continent left in silence, disconnected from the global conversation. It was against this backdrop that a small group of visionaries took a bold step to change the status quo, laying the foundation for what would become one of Africa’s most transformative companies: MTN.



In 1994, as South Africa was emerging from the shadows of apartheid into a new era of hope and democracy, MTN was founded. The company’s origins were deeply rooted in the broader context of South Africa’s social and economic transformation. With a mobile licence in hand, MTN’s founders embarked on a journey to build a network that would connect millions, not just in South Africa, but across the continent. Their goal was clear: to create opportunities for communication and connection in a rapidly changing world.



The early days were filled with challenges. The telecommunications landscape in South Africa was underdeveloped, with only around five million fixed lines serving a population of over 40 million. The need for a more accessible and widespread communication network was undeniable. MTN quickly rose to this challenge, establishing itself as a reliable provider and rapidly expanding its services.



But MTN’s ambitions were never confined to South Africa. The company’s leadership saw potential beyond the borders, recognizing that the digital revolution could—and should—reach every corner of the African continent. This vision has driven MTN’s expansion into 18 markets across Africa and the Middle East, connecting more than 288 million people today.



MTN’s impact over the past 30 years is reflected not only in its subscriber numbers but also in the broader societal changes that have accompanied the spread of digital technology. In countries like Nigeria, Ghana, and Cameroon, MTN’s services have facilitated the growth of small businesses, enhanced access to education, and improved healthcare delivery. These advancements, made possible through the increased availability of mobile communication, have been crucial in driving economic and social progress across the continent.



“Our mission has always been about more than just connectivity,” says MTN CEO Ralph Mupita. “It’s about providing the tools and opportunities that allow people to engage fully in the digital world. We’ve seen how access to communication can empower individuals and communities, and that continues to inspire our work.”



MTN’s commitment to expanding digital access is evident in its substantial investments in infrastructure. Over the past decade, the company has increased the percentage of the population in its markets covered by high-speed broadband to nearly 90%. This expansion has brought more people online, lowered the cost of data, and made internet access more affordable for millions. By reducing barriers to entry, MTN has played a significant role in fostering digital inclusion.



One of MTN’s most significant contributions to the continent’s development has been in the area of financial inclusion. Traditional banking infrastructure remains limited in many African countries, leaving large segments of the population without access to essential financial services. MTN’s Mobile Money platform has addressed this gap, providing millions of people with the ability to save, send, and receive money securely and efficiently. This service has been particularly transformative in rural areas, where access to traditional banking is often non-existent.



The success of MTN’s Mobile Money services reflects a broader trend within the company to leverage technology to meet the unique needs of its markets. From mobile lending to insurance, MTN has developed a range of financial products designed to be accessible and affordable. These innovations are helping to build more inclusive financial systems across Africa, enabling individuals and businesses to thrive in an increasingly digital economy.



As MTN marks its 30th anniversary, the company is not just celebrating past achievements but also looking ahead to the challenges and opportunities that lie on the horizon. Africa’s digital landscape is evolving rapidly, with new technologies like 5G set to play a transformative role in various sectors, from agriculture and mining to healthcare and logistics. MTN is actively engaged in bringing these technologies to the continent, positioning itself at the forefront of Africa’s digital future.



Mupita sees 5G as a catalyst for innovation across industries. “The potential of 5G extends far beyond faster internet speeds,” he explains. “It’s about creating new possibilities for businesses and communities to grow and innovate. We’re excited to be part of this next wave of digital transformation in Africa.”



Despite the progress that has been made, significant challenges remain. Sub-Saharan Africa still lags behind other regions in terms of digital infrastructure coverage and access, with only an estimated 22% of the population using mobile internet services. For MTN, this gap represents both a challenge and an opportunity. The company’s Ambition 2025 strategy outlines a clear plan to build the largest and most valuable platform business in Africa, leveraging its extensive network and deep understanding of the market to drive further digital and financial inclusion.



“We’re focused on expanding our reach and deepening our impact,” Mupita says. “This means continuing to invest in infrastructure, forging new partnerships, and staying innovative. But it also means staying grounded in our core values— Lead with Care, Can do with Integrity, Collaborate with Agility, Serve with Respect, Act with Inclusion, and a commitment to making a meaningful difference.”



MTN’s journey over the past three decades has been one of steady growth and adaptation, guided by a clear vision of connecting people and creating value. The company’s success has been driven by its ability to understand and respond to the needs of its diverse markets, while also anticipating and shaping future trends in the digital economy.



As MTN looks to the future, it remains committed to exploring new frontiers, investing in cutting-edge technology, and continually improving its services. The next 30 years promise to be as dynamic as the last, with MTN playing a central role in shaping Africa’s digital landscape.



“We’ve always believed in the power of connectivity to change lives,” Mupita reflects. “And as we look ahead, we remain dedicated to pushing the boundaries of what’s possible, to building a more connected and inclusive Africa.”



MTN’s story is far from over. As the company continues to grow and innovate, it does so with the confidence that comes from three decades of experience and success. The future of Africa’s digital landscape is bright, and MTN is determined to be a key part of it as a partner in progress, a company that understands the continent’s unique challenges and opportunities and is committed to contributing to its ongoing transformation.



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<h2 class="wp-block-heading" id="h-watch-focus-on-mtn-group-the-30-year-journey">Watch Focus On MTN Group: The 30-year journey</h2>



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Thirty Years of Progress: MTN’s Role in Africa’s Digital Revolution

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="625" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Image-2-1-820x625.jpg" alt="" class="wp-image-547493" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Image-2-1-820x625.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Image-2-1-300x229.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Image-2-1-118x90.jpg 118w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Image-2-1-768x585.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Image-2-1.jpg 945w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



As a leading African provider of premium optical products, ProItUp Optics has distinguished itself through a unique blend of innovation, quality, and purpose. At the heart of the company is a dual mission: to enhance outdoor experiences with state-of-the-art optics and to drive meaningful contributions to wildlife conservation across Africa. Offering a diverse range of binoculars, spotting scopes, and rangefinders, ProItUp Optics serves outdoor enthusiasts while staying true to its core values of environmental stewardship and wildlife responsibility.



<h2 class="wp-block-heading" id="h-a-vision-beyond-optics">A Vision Beyond Optics</h2>



ProItUp Optics was born from a passion for the outdoors and a commitment to protecting Africa’s natural beauty. The founders envisioned more than just a successful optics company; they saw a way to make a tangible impact on wildlife conservation through their products. Today, ProItUp Optics purpose-driven approach is reflected in its core business model, where 5% of net revenue is dedicated to supporting wildlife conservation efforts. This initiative allows customers to make a difference with every purchase, knowing their contributions help safeguard Africa&#8217;s wildlife and ecosystems.



<h2 class="wp-block-heading" id="h-partnerships-that-protect-africa-s-wildlife">Partnerships that Protect Africa&#8217;s Wildlife</h2>



ProItUp Optics has established strategic alliances with leading conservation organizations like Care for Wild Rhino Sanctuary and WWF South Africa. These partnerships are essential to ProItUp Optics mission, with proceeds from every sale contributing to initiatives that protect endangered species and preserve critical habitats. The company’s customers aren’t just purchasing optics; they are investing in the future of Africa’s biodiversity.



“Our conservation partnerships are at the core of who we are as a company,” says Arvy Shongwe, CEO of ProItUp Optics. “By donating 5% of our annual net revenue to wildlife conservation, we ensure that every purchase makes a direct impact. Whether it&#8217;s supporting anti-poaching efforts or preserving ecosystems, our goal is to contribute to the long-term sustainability of Africa’s natural heritage.”



<h2 class="wp-block-heading" id="h-partnering-with-africa-s-premier-safari-lodges">Partnering with Africa’s Premier Safari Lodges</h2>



ProItUp Optics also extends its conservation commitment through partnerships with some of Africa&#8217;s most renowned safari lodges. Working with over 100 safari lodges, including prestigious names like Sir Richard Branson’s Ulusaba Private Game Reserve in South Africa and Botswana’s Xigera Safari Lodge, ProItUp Optics supplies high-performance optics to enrich guests&#8217; wildlife experiences.



<h2 class="wp-block-heading" id="h-a-business-built-on-wildlife-conservation">A Business Built on Wildlife Conservation</h2>



Wildlife conservation is deeply integrated into ProItUp Optics’ operations. Beyond providing premium optical products, ProItUp Optics strives to ensure that each sale translates into meaningful contributions to preserving Africa’s rich biodiversity. With every product sold, 5% of net revenue is directed toward conservation programs that are critical to protecting endangered species and ecosystems across the continent.



“We believe our business can be a force for good, and wildlife conservation is a cause we are passionate about supporting,” explains Arvy, CEO of ProItUp Optics. “Our goal is to use our platform to protect Africa’s wildlife and ensure future generations can experience the natural wonders of our continent.”



<h2 class="wp-block-heading" id="h-the-road-ahead-for-proitup-optics">The Road Ahead for ProItUp Optics</h2>



Looking to the future, ProItUp Optics is committed to expanding its conservation initiatives, deepening partnerships, and introducing new ways to make a lasting impact. As the company grows, our mission remains unchanged: to protect Africa’s wildlife and ensure that the continent’s extraordinary biodiversity continues to thrive. In line with this mission, we aim to become the first choice for optics in Africa, setting the standard for excellence in supporting conservation and wildlife protection.



By choosing ProItUp Optics, customers are not only investing in superior optical products but also playing an active role in safeguarding Africa’s wildlife. Each purchase directly supports conservation efforts, making ProItUp Optics a company that not only delivers high-quality optics but also stands as a champion for wildlife.



<h2 class="wp-block-heading" id="h-about-proitup-optics">About ProItUp Optics</h2>



ProItUp Optics is Africa&#8217;s first-ever sporting optics company and brand, specializing in high-quality binoculars, spotting scopes, and rangefinders. Committed to enhancing outdoor experiences, ProItUp Optics has pledged to donate 5% of its net revenue to wildlife conservation efforts. Through strategic partnerships with leading conservation organizations, the company ensures that every product sold contributes to the protection of Africa’s wildlife and natural ecosystems. At ProItUp Optics, every purchase helps safeguard the future of Africa&#8217;s incredible biodiversity.

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ProItUp Optics: Elevating Outdoor Experiences While Championing Wildlife Conservation in Africa

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="800" height="800" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GaAHElwW0AAaqci-800x800.jpeg" alt="" class="wp-image-545482" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GaAHElwW0AAaqci-800x800.jpeg 800w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GaAHElwW0AAaqci-300x300.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GaAHElwW0AAaqci-90x90.jpeg 90w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GaAHElwW0AAaqci-768x768.jpeg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GaAHElwW0AAaqci-1536x1536.jpeg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GaAHElwW0AAaqci.jpeg 2048w" sizes="auto, (max-width: 800px) 100vw, 800px" /><figcaption class="wp-element-caption">The event&#8217;s goal of connecting Rwandan agricultural and horticultural suppliers with distributors and consumers in the UK.</figcaption></figure>



Following the success of the UK-Rwanda Business Forum in January 2024, interest in deepening trade relations between Rwanda and the UK has grown. In response, the Rwanda Development Board (RDB), in collaboration with the National Agricultural Export Development Board (NAEB), the High Commission of Rwanda in the UK, and the British High Commission in Kigali, organized the Taste of Rwanda event and participated in the World Coffee Innovation Summit in London from October 15-17, 2024.



The events, hosted at the Law Society and ExCeL London, aimed to promote Rwandan products, including coffee, tea, and horticultural goods, and strengthen trade ties between Rwandan exporters and UK importers. They provided a platform for business-to-business networking, fostering potential partnerships, and exploring new opportunities for trade and investment in both markets.



<h2 class="wp-block-heading" id="h-key-objectives-of-rwanda-s-participation">Key Objectives of Rwanda’s Participation:</h2>



<ol start="1" class="wp-block-list">
<li>Connecting Buyers and Sellers: Bringing together Rwandan suppliers and UK buyers to facilitate business deals and build lasting relationships.</li>



<li>Strengthening Market Access: Identifying new opportunities to increase Rwandan exports to the UK.</li>



<li>Showcasing Trade Opportunities: Highlighting Rwanda’s key sectors ripe for investment, including agriculture, processing, and manufacturing.</li>



<li>Networking Events: Organizing discussions and business meetings to connect UK importers with Rwandan exporters.</li>



<li>Regulatory Insights: Providing guidance on UK export regulations and Rwanda’s business environment to help businesses navigate market entry.</li>



<li>Sustainability Focus: Exploring opportunities for sustainable and inclusive growth in line with both Rwanda’s development goals and the UK’s sustainability commitments.</li>
</ol>



Rwanda’s trade mission consisted of 20 exporters from sectors such as coffee, tea, chili, honey, fruits, and vegetables. The events attracted 45 British companies, providing a platform to showcase Rwandan products, close business deals, and foster future partnerships.



<h2 class="wp-block-heading" id="h-expected-outcomes">Expected Outcomes:</h2>



<ul class="wp-block-list">
<li>Expanded market access for Rwandan goods in the UK.</li>



<li>Formation of new business partnerships and joint ventures.</li>



<li>Valuable market insights and networking opportunities for Rwandan companies.</li>



<li>Enhanced brand visibility for Rwandan products in the UK.</li>



<li>Increased sales orders and long-term contracts from UK buyers.</li>
</ul>



These events reflect Rwanda’s continued commitment to boosting exports and strengthening trade relations with international partners.

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Rwanda Showcases at the Taste of Rwanda Event and World Coffee Innovation Summit in the UK

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="596" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/B-Ready-3-820x596.jpeg" alt="" class="wp-image-545479" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/B-Ready-3-820x596.jpeg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/B-Ready-3-300x218.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/B-Ready-3-124x90.jpeg 124w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/B-Ready-3-768x558.jpeg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/B-Ready-3-1536x1117.jpeg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/B-Ready-3.jpeg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



Washington, DC, U.S.A&nbsp;– Rwanda has once again demonstrated its commitment to business excellence, achieving impressive results in the newly launched World Bank Business Ready (B-READY) Report unveiled today, solidifying its position as a leading investment destination in Africa.



The first edition of B-READY assessed the business environments of 50 global economies, focusing on three pillars – regulatory frameworks, public service delivery, and operational efficiency, and has ten indicators, which include Business Entry, Business Location, Utility Services (water, electricity, and internet), Labour Force, Financial Services (access), International Trade, Taxation, Disputes Resolution, Market Competition (Public Procurement), and Business Insolvency.



Rwanda is among the top performers in several key areas, demonstrating the country’s sustained drive to enhance its business environment and foster a welcoming climate for investors. In the 2024 B-READY Report, Rwanda achieved the following scores:



<ul class="wp-block-list">
<li>81.31 in Operational Efficiency (3rd globally)</li>



<li>67.37 in Public Services (8th globally)</li>



<li>70.35 in Regulatory Framework (17th globally)</li>
</ul>



These scores position Rwanda as one of the top-performing countries globally, and the top performing country in Sub-Saharan Africa.&nbsp;



<h2 class="wp-block-heading" id="h-key-highlights-of-rwanda-s-performance">Key Highlights of Rwanda’s Performance: </h2>



<ol start="1" class="wp-block-list">
<li>Operational Efficiency: Rwanda remains one of the fastest countries in Africa and globally for company registration. This efficiency stands in contrast to global averages of 32 days for domestic firms and 39 days for foreign firms, reinforcing Rwanda’s position as a regional leader in ease of doing business.</li>



<li>Public Services: Rwanda’s digitization of public services has been a key driver of its strong performance. Systems like the Integrated Electronic Case Management System (IECMS) for the judiciary and the e-titles system for land services have streamlined processes, reducing both the time and cost of doing business. These innovations play a vital role in enhancing the overall business environment.</li>



<li>Regulatory Framework: Rwanda’s legal reforms continue to enhance its global competitiveness. Recent legislative efforts, including the 2021 Investment Promotion Law, the Company Law, and the Insolvency Law, have created a more business-friendly regulatory environment. Additionally, Rwanda’s commercial courts and streamlined processes for business registration and dispute resolution set benchmarks for the region.</li>



<li>Environmental Sustainability: The B-READY report highlights Rwanda’s leadership in integrating environmental sustainability into its business practices. Initiatives such as e-mobility and renewable energy demonstrate the country’s commitment to a green economy, positioning Rwanda as a leader in sustainable development across Africa.</li>
</ol>



<h2 class="wp-block-heading" id="h-rwanda-s-strategic-reforms">Rwanda’s Strategic Reforms:</h2>



Rwanda’s success in the B-READY report is attributed to its long-term reform strategy, which began in 2008 with the creation of the Rwanda Development Board (RDB). Over the years, Rwanda has focused on administrative, legal, and digital reforms to enhance the business environment, attract foreign direct investment (FDI), and drive economic growth.



Key reforms include:



<ul class="wp-block-list">
<li>Free online business registration</li>



<li>Automated tax filing and payments</li>



<li>One-stop centre services for business permits and licences</li>



<li>Support for foreign ownership and ease of profit repatriation</li>



<li>Electronic Integrated Case Management System</li>
</ul>



Rwanda’s holistic approach to reform also prioritises good governance, macroeconomic stability, and anti-corruption measures, all of which have contributed to its favourable rankings in the B-READY report.



<h2 class="wp-block-heading" id="h-looking-ahead">Looking Ahead:</h2>



As Rwanda builds on these achievements, efforts are underway to further improve the business environment. Ongoing initiatives include the digitization of the One Stop Center, upgrades to business and mortgage registration systems, and the integration of trade services under a Single Transaction Portal.



Francis Gatare, CEO of the Rwanda Development Board, commented: “Rwanda’s performance in the B-READY report reflects our unwavering commitment to creating a conducive environment for private sector growth and investment. These reforms are the foundation of our socioeconomic transformation, and we will continue to prioritise innovation, sustainability, and efficiency to attract investment and grow the private sector.”&nbsp;



Download the World Bank Business Ready 2024 (B-READY) Report&nbsp;<a href="https://www.worldbank.org/en/businessready">here</a>

B-Ready 3

Rwanda Among Top Global Performers in Inaugural World Bank B-READY Report

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="773" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/IMG_3656option2-820x773.jpg" alt="" class="wp-image-545475" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/IMG_3656option2-820x773.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/IMG_3656option2-300x283.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/IMG_3656option2-95x90.jpg 95w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/IMG_3656option2-768x724.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/IMG_3656option2-1536x1448.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/IMG_3656option2-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Mining entrepreneur, Pinagare Mogodi</figcaption></figure>



Pinagare Mogodi’s life and professional journey can be described as resilient and visionary with an unyielding drive to break barriers.



Born with a modest background, Pinagare Mogodi was raised by his single mother, Puleng Mogodi, who juggled three jobs to provide for her children. At the same time, his uncle, Ignitius Oupa Mphomane, played a pivotal role as a mentor and father figure, introducing Mogodi to business ethics and the significance of earning respect through hard work.



His uncle’s success, wealth and influence as a businessman contrasted with Mogodi’s humble beginnings, making him feel like a “Fresh Prince of Bel-Air”. This experience left a lasting impression and sparked Mogodi’s desire to pursue more than just financial security — he wanted freedom, respect, and the opportunity to help others.



Mogodi’s entrepreneurial journey began early in life. While still in high school, he found ways to make money by selling sweets, PlayStation games, and music CDs. His drive to succeed was evident even then, and by the time he reached his second year of university, he had already registered his first company, MAB Group (Matsapa-A-Botshelo).



The initial motivation behind the company was deeply personal — to alleviate his mother’s financial struggles. However, what began as a small operation soon grew into something far more significant.



MAB Group quickly expanded, venturing into industries that were not only highly competitive but also capital-intensive, such as mining, construction, real estate development, and trucking. Mogodi’s initial goal of helping his family gradually evolved into something much larger: he wanted MAB Group to be a symbol of success, a company that would challenge industry giants and redefine what was possible for a young, ambitious entrepreneur from humble beginnings.



Breaking into the mining industry was one of Mogodi’s biggest challenges. Mining, especially coal mining, is a sector dominated by established players with deep financial reserves and extensive industry connections.



As a young entrepreneur with limited capital, Mogodi had to overcome significant skepticism from potential clients who doubted whether MAB Group could deliver on large-scale coal exports, manage the logistics, and secure the necessary financial backing. Yet, with persistence, strategic insight, and unwavering faith in his vision, Mogodi worked to prove his doubters wrong.



He built trust with clients, demonstrating that MAB Group was not only capable of handling large projects but was also committed to quality and reliability.



Despite his success in business, Mogodi’s journey has not been without its personal struggles,which included facing financial difficulties early on. Yet, even during these challenging times, he never wavered in his commitment to building MAB Group into a respected name in the industry.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="671" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/IMG_0294option4-820x671.jpg" alt="" class="wp-image-545476" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/IMG_0294option4-820x671.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/IMG_0294option4-300x245.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/IMG_0294option4-110x90.jpg 110w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/IMG_0294option4-768x628.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/IMG_0294option4-1536x1257.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/IMG_0294option4-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">MAB aims to be at the forefront of mining projects building success through hands-on mining leadership</figcaption></figure>



One of the most significant decisions Mogodi made along his journey was to leave school to focus fully on his growing business. It was a difficult choice, as education had always been important to him. However, as MAB Group continued to expand and become more successful, Mogodi decided to return to school to complete his studies.



His decision to return was not just for personal fulfillment — it was also motivated by a desire to set a strong example for his children, showcasing that no matter how successful one becomes, education is an essential pillar of personal growth and development. With the support of his fiancée and children, Mogodi is now pursuing his academic goals while continuing to lead MAB Group to new heights.



Under Mogodi’s leadership, MAB Group has evolved into a multifaceted organization with a diverse portfolio. The company’s mining division offers a range of services, from exploration and extraction to processing and export, all while maintaining a strong focus on sustainability and community involvement. In the construction sector, MAB Group has taken on large-scale residential, commercial, and industrial projects, contributing to South Africa’s infrastructure development. Additionally, the company’s trucking services ensure efficient transportation of goods across the country, further solidifying its position as a key player in the logistics industry.



Beyond its business success, MAB Group is deeply committed to community development and social responsibility. Mogodi’s belief in the importance of uplifting the communities where the company operates is reflected in MAB Group’s numerous initiatives. The company offers internship and learnership programs that equip individuals with the skills they need to succeed in the workforce. It also supports local businesses and promotes economic growth in the areas where it operates. For Mogodi, giving back to the community is not just an obligation, it’s a core part of his company’s mission.



Throughout his 14-year journey, one of the key lessons Mogodi has learned is the power of strategic partnerships. These alliances have been instrumental in MAB Group’s growth, providing the financial strength and industry expertise necessary to scale operations and enter new markets. By partnering with other companies, MAB Group has been able to mitigate risk, innovate, and expand its reach, both locally and globally.



The company has significantly expanded its coal export operations, handling between 75,000 and 150,000 tons of coal. It is also in the process of developing new coal and chrome mines, with plans to complete a state-of-the-art wash plant by 2025.



In the construction sector, MAB Group has been involved in major projects such as Rama City, a large-scale development, and several public-private partnerships with the government. Despite facing challenges like debt and the economic impact of Covid-19, Mogodi has guided the company through these turbulent times.



Looking to the future, Mogodi remains optimistic about the prospects for South Africa’s mining, construction, and logistics industries. He believes that the country’s new Government of National Unity (GNU) has the potential to drive economic improvement, despite challenges such as disruptions in rail infrastructure and port logistics etc. For Mogodi, these challenges represent opportunities for growth and innovation, and he is confident that MAB Group will continue to thrive by adhering to ethical business practices.



Mogodi’s vision for MAB Group extends far beyond business success. He sees the company becoming one of Africa’s largest mining and exporting houses, with a mission to help reduce unemployment across the continent.



His focus on strategic expansion, innovation, and sustainability reflects his commitment to creating lasting change, not only for his company but for Africa as a whole.

IMG_3656option2

From Start To Scale: A South African Entrepreneur’s Foray Into Mining, Construction And More

In September 2024, President Cyril Ramaphosa, led a State Visit to China. The visit was aimed at strengthening the long-standing partnership between South Africa and China and coincided with the Forum on China-Africa Cooperation (FOCAC) 2024 Summit.



Established in 2000 and consisting of 53 African countries, FOCAC is a key platform for fostering collaboration and cooperation between African countries and China in areas such as trade, investment, infrastructure, and development. It also extends to address global issues such as the reform of international governance, peace, and security, all of which is done through a consultative process that aims to promote cooperation between China and Africa.



Specific to 2024, the FOCAC Summit resulted in the signing of several bilateral agreements covering areas such as industrialization, trade, technology, and agricultural modernization.



<h2 class="wp-block-heading" id="h-manufacturing-and-industrialization">Manufacturing and Industrialization</h2>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="580" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-820x580.jpg" alt="" class="wp-image-544673" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-820x580.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-300x212.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-127x90.jpg 127w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-768x543.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD.jpg 1376w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Worker in an industrial site.</figcaption></figure>



One of the core themes of FOCAC 2024 was industrialization, a key priority for African nations as they seek to transform their economies from resource-dependent to value-added industries. Through FOCAC, China has been a crucial partner in supporting Africa’s industrialization agenda, providing investment, technology, and infrastructure to facilitate the growth of sectors such as manufacturing, energy, and agriculture.



China’s investments in Africa’s industrial sector align with the goals of the African Union’s Agenda 2063, which emphasizes inclusive economic growth and industrial transformation as drivers of development.



In the last two decades, China’s FDI into Africa has increased, peaking at $5b in 2022. This amount, which represents about 4.4% of the Continent’s FDI has mainly been focused on manufacturing – a key driver to Africa’s industrialization agenda (Institute for Global Dialogue,2023)



South Africa has benefitted from this FDI, with the country being a major recipient of Chinese investment. It is, however, understood that this FDI has mainly been in the primary sectors of natural resources.&nbsp; FOCAC 2024 highlighted the importance of changing this with more finished goods being exported to China.



<h2 class="wp-block-heading" id="h-balancing-south-africa-china-s-trade">Balancing South Africa-China’s Trade</h2>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="580" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-820x580.png" alt="" class="wp-image-544706" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-820x580.png 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-300x212.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-127x90.png 127w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-768x543.png 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD.png 1414w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">An artist&#8217;s impression of a hydrogen energy tanker.</figcaption></figure>



Whilst trade between China and Africa has grown significantly (increasing from $11.67 billion in 2000 to $257.67 billion by 2022), it is understood and agreed that the imbalance in trade must be addressed.



Specific to South Africa, during 2022, the country exported $23.4 billion worth of products to China, while China’s exports to South Africa amounted to $23.5 billion. The primary exports from South Africa to China were natural resources, including gold, which accounted for $8.85 billion, followed by diamonds at $3.36 billion and platinum at $1.83 billion. In contrast, China’s exports to South Africa were predominantly manufactured goods, featuring broadcasting equipment valued at $1.78 billion, computers at $1.04 billion, and electric batteries at $777 million (South African Revenue Service, 2023).



According to a joint statement released by the governments of South Africa and China during FOCAC 2024, the two countries agreed to elevate their partnership into a comprehensive strategic cooperative relationship focused on balancing trade, a key input into industrialization, technological innovation, and sustainable growth. In respect of the latter, South Africa’s investment opportunities in the renewable energy, green hydrogen as well as energy storage, all of which have been identified as sunrise sectors with the potential to massively contribute to South Africa’s GDP and job creation capabilities were highlighted as areas of investment by the South African government.



This is because of China’s proven track record in these areas; presently China is the largest producer and consumer of hydrogen.&nbsp; It is also at the forefront of electric vehicles and battery production with its electric vehicles already making headway in Europe. This fast-evolving sector provides an opportunity not just for South Africa, but the Continent as a whole, given the natural endowments found in Africa and their essential input into the production of fuel cell and electric vehicles as well as green hydrogen. In order for this opportunity to be realized and more importantly, for the opportunity to translate into the growth prospects envisaged for the Continent and the country, a market such as China is key in supporting South Africa’s ambition to realize its green technology capabilities. Without a doubt, forums such as the FOCAC are of benefit to South Africa in accessing the Chinese market, not just from an investment perspective but from a consumption market as well.



<h2 class="wp-block-heading" id="h-re-drawing-and-leveling-the-playing-field-2025-2027-focac-plan">Re-drawing and Leveling the Playing Field: -2025-2027 FOCAC Plan</h2>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="580" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-1-820x580.png" alt="" class="wp-image-544707" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-1-820x580.png 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-1-300x212.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-1-127x90.png 127w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-1-768x543.png 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/GIDD-1.png 1414w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">China and South Africa flags</figcaption></figure>



The 2024 FOCAC Plan was shortened from six years to three years. This is in support of the desire to accelerate modernization and industrialization in Africa as well as the objective to reduce the trade imbalance between China and the Continent.



To also ensure effective implementation of the desired co-operation between China and Africa, 10 key measures or areas of co-operation have been defined. All of the areas are beneficial and can if implemented effectively, contribute to the Continent’s sustainable growth.



Amongst others, the 2025-2027 FOCAC Plan aims to create research centers across Africa to enhance training of African Leaders. The Plan has also set its goals on eliminating tariffs for products from least developed countries, helping African countries to expand their agricultural exports and digital trade platforms. The establishment of industrial parks across 5 regions in Africa is also a target, as is infrastructure development, health care improvement, rural revitalization, security, and green development. To support all of this, China has pledged some $49b in financial support to be accessed in different ways, including credit lines or development assistance.



<h2 class="wp-block-heading" id="h-positioning-south-africa-to-benefit-from-focac">Positioning South Africa to benefit from FOCAC</h2>



During the State Visit undertaken alongside the 2024 FOCAC Summit, President Cyril Ramaphosa called for a narrowing of the trade deficit with China. For South Africa to enhance its trade arrangements with China as well as its access to set-aside FDI, it is argued that the country’s SEZ programme be integrated into priority trade and development areas identified for the country.



Leveraging the SEZ programme will ensure that a comparative advantage for FDI coming through from China can access the SEZ incentive framework, leading to increased investment.



The OR Tambo International Airport SEZ is well positioned to play a central role in this, in lieu of its competitive location next to Africa’s largest and busiest Airport and its development trajectory wherein it has already identified and packaged for investment uptake, opportunities in sectors such as the pharmaceutical and medical sectors as well as the green economy.&nbsp;



The SEZ also has infrastructure development opportunities that support regional development where the SEZ is located, ensuring modernization of the OR Tambo International Airport Economic Node and its continued position as a world-class business location with accessibility and connectivity to different parts of the world.

GIDD

Unpacking FOCAC and the ideal positioning of the OR Tambo SEZ for enhanced FDI inflows

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="600" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Professor-Kingsley-Moghalu-Inaugural-President-of-the-African-School-of-Governance-ASG-1-820x600.jpg" alt="" class="wp-image-543612" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Professor-Kingsley-Moghalu-Inaugural-President-of-the-African-School-of-Governance-ASG-1-820x600.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Professor-Kingsley-Moghalu-Inaugural-President-of-the-African-School-of-Governance-ASG-1-300x219.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Professor-Kingsley-Moghalu-Inaugural-President-of-the-African-School-of-Governance-ASG-1-123x90.jpg 123w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Professor-Kingsley-Moghalu-Inaugural-President-of-the-African-School-of-Governance-ASG-1-768x562.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Professor-Kingsley-Moghalu-Inaugural-President-of-the-African-School-of-Governance-ASG-1.jpg 1337w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Professor Kingsley Moghalu &#8211; President of the African School of Governance</figcaption></figure>



Kigali, Rwanda, 21st October 2024 – Today, the African School of Governance Foundation (ASGF) announced the establishment of the African School of Governance (ASG) graduate institution designed to offer world-class public policy education, research, and engagement programs. Prominent African leaders have come together in this landmark step, as the initiative is set to transform the continent’s leadership landscape by meeting the diverse needs of leaders across Africa.



The ASG aims to address the continent&#8217;s pressing governance challenges by equipping emerging leaders with the mindsets, skills and knowledge required for effective leadership in Africa&#8217;s future. The initiative brings together visionaries committed to creating a sustainable governance model rooted in African realities.



<h2 class="wp-block-heading" id="h-a-collective-leadership-vision">A Collective Leadership Vision</h2>



The ASG initiative is founded by H.E. Paul Kagame, President of Rwanda, H.E. Hailemariam Desalegn, former Prime Minister of Ethiopia (both co-founders of the ASG Foundation) in consultation with other African leaders, academicians, and philanthropists dedicated to improving governance across the continent.



ASG is supported by the Mastercard Foundation as part of its Young Africa Works strategy, which aims to enable 30 million young Africans, 70 percent of whom are women, to access dignified and fulfilling work opportunities by 2030.



ASG will be led by esteemed independent governing board members, chaired by Makhtar Diop, Managing Director of the International Finance Corporation (IFC) and former Minister of Finance and Economy of Senegal, and including Donald Kaberuka, former President of the African Development Bank, Hajer Gueldich, Professor at the University of Carthage, Kishore Mahbubani, former Dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore, and Francis Gatare, CEO of the Rwanda Development Board.



The ASG Foundation has appointed Professor Kingsley Moghalu, former Deputy Governor of the Central Bank of Nigeria and a distinguished scholar and academic, to be the inaugural President of ASG. The collective vision of ASG’s leadership is to create an institution that offers world-class education in governance and public policy while promoting home-grown solutions to Africa’s unique challenges and opportunities.



Speaking on the launch, H.E. Hailemariam Desalegn commented: “The time is ripe for an institution rooted in Africa’s needs and aspirations. The African School of Governance will be a hub for nurturing purpose-driven leaders equipped to tackle the continent’s greatest challenges and opportunities, combining Africa’s uniqueness with international best practices. This is not just an educational institution, but a movement towards sustainable African leadership.”



<h2 class="wp-block-heading" id="h-tackling-africa-s-development-and-governance-challenges">Tackling Africa&#8217;s Development and Governance Challenges</h2>



Africa’s rapid economic growth, increasing global influence, and evolving governance structures present unprecedented opportunities and challenges. From post-pandemic recovery to climate adaptation, the continent&#8217;s policymakers face complex and urgent issues that require skilled leadership. ASG aims to meet this critical need, by developing current and future leaders who can address these challenges through a shift in leadership mindsets, governance, and sustainable development to drive long-term, meaningful change across the continent.



<h2 class="wp-block-heading" id="h-academic-excellence-and-tailored-programs">Academic Excellence and Tailored Programs</h2>



ASG will offer a comprehensive suite of academic programs designed to meet governance, leadership, and policy deficit across Africa. These include the Master of Public Administration (MPA) and the Executive Master of Public Administration (EMPA) programs, which are tailored to mid-career professionals and senior executives, respectively. ASG will also provide specialized Executive Courses aimed at enhancing specific leadership skills for professionals. Additionally, the Young Leaders Program (YLP) and Senior Leadership Fellowship (SLF) will cater for high-potential undergraduates and seasoned professionals nearing the end of their careers, ensuring that ASG supports leadership development at every stage.



ASG’s curriculum will be distinguished by integrating African historical, political, and socio-economic contexts. By grounding students in African realities, the institution will equip diverse leaders to navigate the continent’s complex governance challenges while drawing from global best practices.



<h2 class="wp-block-heading" id="h-innovative-research-and-policy-engagement">Innovative Research and Policy Engagement</h2>



In addition to its educational offerings, ASG will play a critical role in advancing governance through its dedicated research centres. These include the Centre for Home-Grown Innovations in Policy and Governance, the Centre for African History and Leadership, the Centre for Trade and Regional Integration, and the Centre for Technology and Effective Delivery. These research hubs will focus on generating evidence-based solutions tailored to African governance challenges, helping policymakers design and implement effective policies and strategies.



ASG’s commitment to policy engagement is equally robust, with plans to actively engage with governments, civil society, and private-sector stakeholders. Through policy labs, incubators, and collaborative partnerships, ASG will translate its research into actionable policy solutions that promote good governance and sustainable development across the continent.



<h2 class="wp-block-heading" id="h-leadership-and-governance-structure">Leadership and Governance Structure</h2>



As the inaugural President of ASG, Professor Kingsley Moghalu, a globally recognised leader in public policy and governance, will steer the institution towards its ambitious goals.



Professor Moghalu, a former Deputy Governor of the Central Bank of Nigeria, has held senior positions in the United Nations system for 17 years and taught at prestigious institutions such as Harvard, Oxford, and The Fletcher School at Tufts University. He is also the author of several books, including the critically acclaimed Emerging Africa: How the Global Economy’s ‘Last Frontier’ Can Prosper and Matter.



Makhtar Diop, Managing Director of the IFC and Chair of ASG’s Board, said: “We are excited to welcome Kingsley Moghalu as President of the African School of Governance. His sterling track record of leadership in international and national policymaking institutions, academia, and his thought leadership influence, will help make ASG a transformative graduate school and develop a new generation of purpose-driven leaders with the skills and mindsets to help Africa address the challenges of the 21st Century.”



Professor Moghalu will be responsible for steering and shaping ASG’s academic vision, delivering learning programs that reflect the complex governance challenges facing Africa today. Under the guidance of the Governing Board, he will focus on recruiting top-tier African faculty, fostering academic excellence, and positioning ASG as a hub for intellectual and policy innovation.



“The establishment of ASG is a powerful expression of a clear vision on the part of the founding leaders,” Prof. Moghalu said in response to his appointment. “I share this vision of a transformed Africa driven by competent leadership and governance, and I am honoured to have been tasked with leading ASG’s critical contribution to making that vision a reality.”



<h2 class="wp-block-heading" id="h-strategic-partnerships">Strategic Partnerships</h2>



ASG is supported by the ASG Foundation, a not-for-profit foundation, that exists to help mobilize funding and manage its endowments, as well as give strategic guidance to the institution and support related initiatives for the development of African leaders.



The establishment of ASG is supported by strong strategic partnerships with other world-class institutions, including the Lee Kuan Yew School of Public Policy at the National University of Singapore, and the Mastercard Foundation.



<h2 class="wp-block-heading" id="h-a-pan-african-initiative-with-global-reach">A Pan-African Initiative with Global Reach</h2>



Headquartered in Kigali, Rwanda, ASG is set to become a Pan-African institution with a global influence. Its mission is to build leadership capacity that transcends borders, ensuring that African voices are not only heard but lead the charge in global governance discussions.



ASG’s partnership with institutions such as the Lee Kuan Yew School of Public Policy at the National University of Singapore further reinforces its commitment to providing a world-class education that draws from both African and international expertise.



This announcement marks a significant milestone in Africa’s governance journey. Through the collective efforts of its founders and partners, the institution will help to nurture the leaders that Africa needs to tackle the challenges and opportunities of the 21st century.

Professor Kingsley Moghalu, Inaugural President of the African School of Governance (ASG) 1

African Leaders Launch the African School of Governance (ASG) Initiative

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="600" height="600" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Philip-Myburgh_-Group-Head-of-Trade-at-Standard-Bank-Business-and-Commercial-Banking.jpg" alt="" class="wp-image-543264" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Philip-Myburgh_-Group-Head-of-Trade-at-Standard-Bank-Business-and-Commercial-Banking.jpg 600w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Philip-Myburgh_-Group-Head-of-Trade-at-Standard-Bank-Business-and-Commercial-Banking-300x300.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/Philip-Myburgh_-Group-Head-of-Trade-at-Standard-Bank-Business-and-Commercial-Banking-90x90.jpg 90w" sizes="auto, (max-width: 600px) 100vw, 600px" /><figcaption class="wp-element-caption">Philip Myburgh, Group Head of Trade at Standard Bank Business and Commercial Banking.</figcaption></figure>



Johannesburg, South Africa, 17 October 2024&nbsp;– Tanzania is now ranked 4th highest in terms of overall attractiveness for trade in Africa. Its leap in the rankings was boosted by the country’s substantial investments in infrastructure and better access to finance, enabling businesses to engage more actively in cross-border trade.



On the downside, Ghana experienced a sharp decline, moving from the 3rd position to the 7th spot, underscoring the pressures that economy continues to endure. Its sharp decline also raises concerns about its ability to maintain trade competitiveness, even as Ghana is one of the most stable and democratic countries in West Africa. Its decline in the trade rankings is mainly due to a worsening macroeconomic environment and falling trade confidence. As economic volatility intensified in Ghana, its ability to facilitate seamless trade came under strain, making it harder for businesses to access foreign currency, most notably USD, that is required to pay for imports and thus engage in cross-border activities especially for Small and Medium-sized Enterprises, which this barometer favours.



These are some of the key insights stemming from Issue 4 of the Standard Bank Africa Trade Barometer (SB ATB), launched today (<a href="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/SBG-Africa-Trade-Barometer-2024_Consolidated-Report_Final_Published-161024-1.pdf">SBG Africa Trade Barometer 2024_Consolidated Report_Final_Published 161024</a>).



“As Africa moves towards greater integration under the African Continental Free Trade Area (AfCFTA), the Standard Bank Africa Trade Barometer offers critical insights into the opportunities and challenges faced by African businesses and stakeholders in facilitating trade. The shifts detailed in the report further reflect changing macroeconomic conditions, infrastructure challenges and access to finance amongst many others, which are all impacting the trade environments of the 10 countries featured”, says Philip Myburgh, Group Head of Trade at Standard Bank Business and Commercial Banking.



The SB ATB covers seven broad thematic categories of data that impact on Africa’s trade, and upon which the barometer scores each country. These categories are; trade openness, access to finance, macroeconomic stability, infrastructure, foreign trade, governance &amp; economy, as well as traders’ financial behaviour. The SB ATB serves as Africa’s leading trade index, with the intent of addressing the information vacuum of reliable African trade data that can support and enable the growth of intra-Africa trade.



Overall, the SB ATB trade attractiveness rankings reveal a dynamic shift in trade standings among the 10 African nations it covers, with Tanzania (moving from 8th to 4th ranking), Mozambique (4 to 3), Nigeria (6 to 5) and Zambia (9 to 8) recording improvements in their positions, while declines were recorded for Ghana (3 to 7), Uganda (7 to 9) and Kenya (5 to 6). Meanwhile South Africa, Namibia and Angola retained their rankings, at positions 1, 2 and 10, respectively.



The 10 countries covered by the SB ATB are AfCFTA signatory nations, represent 66% of Africa’s gross domestic product (GDP) and 45% of the continent’s population.



Overall, the macroeconomic conditions across the countries present a mixed outlook, with relatively sustained growth tempered by ongoing challenges. The estimated real GDP growth rate for 2025 stands at 4.3%, reflecting steady progress despite headwinds. Positive developments include infrastructure investments, economic diversification efforts, and increased production in sectors like oil, mining, and agriculture. However, high inflation, forecasted to reach 9.9% in 2024, remains a pressing concern, driven by currency depreciation and worsened by weather events such as severe droughts in Southern Africa and flooding in East Africa.



Amid these complex dynamics, it is evident that the path forward will require a focus on prudent economic management, diversified growth strategies, and bolstering resilience against climate risks.



As a trusted partner for the growth of the businesses that continue to power Africa’s dynamic economies, this Issue 4 of the SB ATB report serves as a tool for businesses to make strategic decisions that foster sustainable trade and economic development across the continent.



“Given our position as Africa’s largest bank, we understand that reliable trade data is essential for making informed business decisions, particularly in the context of a dynamic and evolving trade environment. This Issue 4 of the Standard Bank Africa Trade Barometer provides businesses, governments and investors, with the insights they need to navigate challenges and seize new opportunities on the continent”, advanced Myburgh.

Philip Myburgh_ Group Head of Trade at Standard Bank Business and Commercial Banking

Standard Bank Africa Trade Barometer: Tanzania leaps ahead in trade attractiveness rankings, while Ghana exits top 3

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2048" height="1153" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/3057e15f-ef0f-4cc7-94c7-cb564bae4534-scaled.jpg" alt="" class="wp-image-542892" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/3057e15f-ef0f-4cc7-94c7-cb564bae4534-scaled.jpg 2048w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/3057e15f-ef0f-4cc7-94c7-cb564bae4534-300x169.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/3057e15f-ef0f-4cc7-94c7-cb564bae4534-820x462.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/3057e15f-ef0f-4cc7-94c7-cb564bae4534-160x90.jpg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/3057e15f-ef0f-4cc7-94c7-cb564bae4534-768x432.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/3057e15f-ef0f-4cc7-94c7-cb564bae4534-1536x865.jpg 1536w" sizes="auto, (max-width: 2048px) 100vw, 2048px" /></figure>



Glen Steward, Founder and Chairman, Stewards Investment Capital, has helpful advice for investors seeking to enhance their portfolios.



In today’s rapidly evolving financial landscape, diversification remains fundamental to any robust investment strategy. For investors seeking to enhance their portfolios with new opportunities, emerging asset classes offer a unique blend of potential returns and risk mitigation. Here are four key areas that can bring significant value to your investment portfolio, especially when approached with the right strategy and partners.



<h2 class="wp-block-heading" id="h-investment-in-real-estate-market">Investment in Real Estate Market</h2>



The real estate market has long been a pillar of wealth accumulation, but its dynamics are shifting. In Africa, urbanization and economic growth are driving demand for residential and commercial properties. Emerging markets like South Africa offer opportunities, particularly in urban centers where property values are on the rise. In the United States (U.S.), regions such as Florida are experiencing a surge in real estate investments, whether commercial or residential and this is highly due to favorable economic conditions and population growth. The key to success in this sector lies in identifying high-growth areas and partnering with knowledgeable local experts who can navigate the complexities of these markets.



<h2 class="wp-block-heading" id="h-a-closer-look-at-the-private-credit-market">A Closer Look at the Private Credit Market</h2>



Private credit is another asset class that has been gaining traction globally. Whether in Africa or the U.S., the private credit market is booming. Since 2020, the U.S. private credit market has grown from $875 billion to $1.4 trillion in 2023, with projections to reach $2.3 trillion by 2027. This growth is driven by institutional and private investors seeking diversification, attractive yields, and risk mitigation. Private credit presents a compelling opportunity for several reasons: it aligns with growing market trends, provides protection against currency fluctuations with yields in USD, and offers low correlation with traditional assets, enhancing portfolio stability. Moreover, private credit supports small and medium-sized enterprises (SMEs) that are often underserved by traditional banks, fostering economic growth and offering investors a steady income stream with built-in risk mitigation mechanisms.



<h2 class="wp-block-heading" id="h-impact-investing-with-emerging-market-investments">Impact Investing with Emerging Market Investments</h2>



Impact investing in infrastructure and telecom towers in Africa is increasingly vital as it addresses both economic and social needs. The growing demand for telecom towers is driven by the expansion of telecommunication access, especially in rural areas where connectivity has traditionally been limited. This expansion is bridging the digital divide, offering opportunities for social upliftment and economic growth. Strategic impact investments in telecom infrastructure enable the deployment of innovative solutions like Power as a Service (PaaS) and 5G-ready sites, which are key in meeting future demands. This makes telecom towers an appealing option for investors seeking both financial returns and the chance to make a significant positive impact.



<h2 class="wp-block-heading" id="h-the-importance-of-digital-assets-in-a-diversified-portfolio">The Importance of Digital Assets in a Diversified Portfolio</h2>



In today’s evolving financial landscape, digital assets are becoming essential for a diversified portfolio. These assets offer unique growth potential and act as a hedge against traditional market volatility. As the global economy increasingly embraces digital technologies, early investment in digital assets can yield significant returns. Additionally, they provide liquidity and access to global markets, enhancing your portfolio&#8217;s resilience. By including a portion of your portfolio in digital assets, you align with the future of finance and ensure your investment strategy is positioned for long-term success but you need the right experienced partners to guide you in this process.



<h2 class="wp-block-heading" id="h-stewards-of-your-fortune-and-legacy">Stewards of Your Fortune and Legacy</h2>



At Steward Investment Capital, we are committed to guiding our clients through the complexities of emerging asset classes. Our tailored investment solutions are designed to maximize returns while managing risk, ensuring that your wealth is preserved and grows for future generations. As Stewards of your fortune, our mission is to build and protect your legacy with the utmost care and expertise.

3057e15f-ef0f-4cc7-94c7-cb564bae4534

Stewards Of Your Fortune: Emerging Asset Classes For Astute Investors

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="580" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/016-kv-feature-galaxy-zfold6-circle-to-search-spen-2p-1-820x580.jpg" alt="" class="wp-image-542032" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/10/016-kv-feature-galaxy-zfold6-circle-to-search-spen-2p-1-820x580.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/016-kv-feature-galaxy-zfold6-circle-to-search-spen-2p-1-300x212.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/016-kv-feature-galaxy-zfold6-circle-to-search-spen-2p-1-127x90.jpg 127w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/016-kv-feature-galaxy-zfold6-circle-to-search-spen-2p-1-768x543.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/016-kv-feature-galaxy-zfold6-circle-to-search-spen-2p-1-1536x1086.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/10/016-kv-feature-galaxy-zfold6-circle-to-search-spen-2p-1-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



Professionals and businesspeople want technology that meets and adapts to their ever-evolving needs, and the new AI-powered Samsung Galaxy Z Fold6 is here to deliver on that. With its sleek design, advanced features, and impeccable multitasking capabilities, it promises to revolutionise business mobility and set new standards in how we work on the go.



With the Galaxy Z Fold6, Samsung has opened the next chapter of Galaxy AI by leveraging its most versatile and flexible form factor perfectly designed to maximise AI capabilities and significantly enhance productivity. This device is not just a smartphone; it’s like having the slimmest, thinnest, and smartest PC in your pocket. So whether you’re in the office, travelling, or working remotely, the Z Fold6 empowers you to stay connected and productive in an ever-demanding environment.



Sporting a stunning 7.6-inch Dynamic AMOLED 2X main display that unfolds to provide a tablet-like experience, the Galaxy Z Fold6 allows users to multitask with ease. With an HD+ resolution, the display ensures crisp visuals for presentations, documents, and video conferences, a transformative design for those on-the-go. It also features a 6.3-inch cover display, which is perfect for quick notifications and essential tasks without the need to unfold the device.



Engineered to boost productivity, a Z Fold6 feature tailored for this is the improved taskbar that mimics a traditional PC setup, allowing users to pin their favourite apps for quick access. This feature makes navigating between apps seamless, enabling users to work more efficiently. A newly added Composer from Samsung Keyboard generates suggested text based on simple keywords for email and supported social media apps. For social media in particular, the Composer creates text that reflects your tone by analysing previous posts. Additionally, the S Pen experience is expanded further meeting with Galaxy AI on the Galaxy Z Fold6’s screen.



Galaxy AI has also enhanced barrier-free communication on the Galaxy Z Fold6. Maximising its unique dual screen form factor, Interpreter comes with a new conversation mode that enables both parties to conveniently view translations on the main and cover screens for more natural interactions. It also offers one-way translation, so you can easily understand when listening during lectures or any other type of presentation. Live Translate, which translates phone calls directly on your device in real-time, is also now being extended beyond Samsung’s own native calling app to a selection of popular third-party apps.



Imagine you’re a project manager in the middle of a busy day. You receive an email that requires immediate attention. Instead of pulling out your laptop, you can quickly glance at the cover display for an overview. After responding to the email, you can then unfold the device and access multiple applications simultaneously. Picture a video call with your team on one side, while reviewing project documents on the other. The Galaxy Z Fold6’s Flex Mode allows you to set the device at a comfortable angle, enabling hands-free video calls—ideal for discussing plans with your team without needing to hold the device.



Powered by the latest Snapdragon processor, the Galaxy Z Fold6 ensures lightning-fast performance that can handle resource-intensive applications, such as video editing software and heavy multitasking. Its robust battery life is designed to keep you productive throughout the day, allowing you to navigate your work commitments without worrying about running out of power.

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