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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MTN_30Years_SquarePosts_2160x2160_3

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.

Image 2 1

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.

GaAHElwW0AAaqci

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.

016-kv-feature-galaxy-zfold6-circle-to-search-spen-2p (1)

Unfolding New Standards for Business Mobility with the Samsung Galaxy Z Fold6

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="430" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/Picture1-820x430.png" alt="" class="wp-image-536738" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/Picture1-820x430.png 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/Picture1-300x157.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/Picture1-160x84.png 160w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/Picture1-768x403.png 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/Picture1-1536x806.png 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/Picture1.png 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



Cape Town, South Africa &#8211; September 30, 2024 &#8211; Counder, the tech-enabled corporate finance firm connecting Africa&#8217;s untapped investment &amp; operating potential with global capital, announces its flagship Counder Conference 2025, set to take place on January 29th, 30th and 31st, 2025, in Cape Town, South Africa.



Under the tagline &#8220;Trusted Connections in Cape Town. Investing in Africa &amp; Around the Globe,&#8221; this exclusive two-day event will bring together global family offices, institutional investors, and regional experts to explore actionable investment opportunities across key growth sectors in Africa and beyond.



&#8220;Counder Conference represents a crucial interface between Africa&#8217;s fantastic potential and global capital,&#8221; said Michel Weiss, CEO of Counder. &#8220;We believe that real change happens face-to-face, which is why we&#8217;re bringing together global family offices, institutional investors, and top experts in Cape Town&#8217;s world-class setting. It&#8217;s here, through personal connections and shared experiences, that we&#8217;re facilitating investments and shifting perceptions about Cape Town &amp; the African continent as a base for business development.&#8221;



The conference offers an immersive experience for investors through carefully curated elements:



1. Focused topical sessions and sector discussions led by proven deal-makers 2. Networking opportunities, including a welcome hike and roundtable discussions 3. Deep-dive information sessions on key African sectors: &#8211; Consumer, Retail &amp; Manufacturing &#8211; Real Estate, Hospitality &amp; Tourism &#8211; Technology, Startups &amp; VC 4. A global information session in the technology &amp; startup sector, presented by Host Partner Carlsquare



Carlsquare, a leading European M&amp;A investment bank, joins as the host partner, further elevating the conference&#8217;s profile and affirming Africa&#8217;s growing prominence in global investment. The &#8220;Carlsquare Global Tech Tour&#8221; session will internationalize the scope of technology investments in Africa, offering in-depth insights on global technology investment developments and deals.



Additionally, partners from the international private &amp; public sector will be joining in to support Counder Conference and its mission. They will be announced over the coming months.



On the media side, leading business news provider CNBC Africa is on board as Lead Media Partner of the conference.



Counder, headquartered in Cape Town with a presence in Lagos, Dublin, Düsseldorf, and Dubai, brings together over 150 years of combined cross-continental deal-making expertise. The company&#8217;s unique ecosystem includes 15+ partner shareholders and 15+ sector-specific experts, providing exclusive access to vetted deals and invaluable market insights.



For more information about Counder Conference 2025 or to register, please visit <a href="https://counder.com/conference/">https://counder.com/conference/</a>.



About Counder: Counder is a tech-enabled corporate finance firm that leverages deep sector knowledge, global connections, and cutting-edge technology to deliver exceptional investment opportunities across Africa and beyond. Based in Cape Town, Counder represents the future of corporate finance: globally connected, offering unique investor experiences, and committed to driving sustainable growth in emerging markets.

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EXCLUSIVE: Counder Conference 2025 set for Cape Town on January 29-31, focusing on building trusted connections between top investors in Africa and worldwide

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="410" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/AFREXIMBANK-HQ-scaled-1-820x410.webp" alt="" class="wp-image-536730" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/AFREXIMBANK-HQ-scaled-1-820x410.webp 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/AFREXIMBANK-HQ-scaled-1-300x150.webp 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/AFREXIMBANK-HQ-scaled-1-160x80.webp 160w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/AFREXIMBANK-HQ-scaled-1-768x384.webp 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/AFREXIMBANK-HQ-scaled-1.webp 1024w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Photo: via Flickr</figcaption></figure>



Africa Collective and the African Continental Free Trade Area (AfCFTA) Secretariat are happy to announce African Export-Import Bank (Afreximbank or the Bank) as their Host Partner at Davos 2025, on the margins of the World Economic Forum.  



The strategic partnership between Afreximbank, Africa Collective and the AfCFTA Secretariat was borne out of a mutual vision to showcase public and private sector trade and investment opportunities present in Africa on a global platform. It also underpins the importance of mutually beneficial global collaborations toward realising Africa&#8217;s development.&nbsp;&nbsp;



Africa Collective is a platform for pan-African and international stakeholders that was established to facilitate exchange of information and ideas on the opportunities in Africa as well as encourage collaboration among its stakeholders.&nbsp;&nbsp;&nbsp;



The 2025 Davos edition of Africa Collective’s gathering will take place at the Hard Rock Hotel Davos and will be made up of a series of events, including thematic roundtables and networking receptions. Various African institutions are expected to be in attendance.&nbsp;&nbsp;&nbsp;&nbsp;



While commenting on the partnership announcement, Prof. Benedict Oramah, President and Chairman of the Board of Directors at Afreximbank said: &#8220;The Bank is pleased to join Africa Collective and the AfCFTA Secretariat as a Host Partner at Davos 2025. We trust the partnership will increase the visibility of the continent and facilitate high-quality engagements with development partners on the sidelines of the event. The World Economic Forum is a critical platform for discussing key global and regional challenges and now, more than ever, it is important for Africa to be at the table, when those discussions are ongoing. We welcome collaborations such as this one, as it will help us drive our collective continental Agenda as well as better shape the African narrative.”&nbsp;&nbsp;



&#8220;As Africa Collective&#8217;s Patronage Partner, we are excited to have Afreximbank join as a Host Partner. Given the Bank&#8217;s impressive history and wide African and diaspora footprint, we are confident of this partnership&#8217;s impact in bringing African topics into sharper focus at Davos and beyond,&#8221; highlighted H.E. Wamkele Mene, Secretary General, AfCFTA Secretariat.&nbsp;



After a successful series of five events organised in Davos in 2024, Africa Collective, Afreximbank and the AfCFTA Secretariat look forward to amplifying their pan-African-led activities at Davos 2025.&nbsp;



Please visit the LinkedIn page for more information about Africa Collective and for updates on new partnerships and activities in Davos and beyond.&nbsp;&nbsp;

AFREXIMBANK-HQ-scaled-1

Africa Collective returns to Davos in 2025: Afreximbank joins Patronage Partner AfCFTA Secretariat as Host Partner 

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ATFX, a globally-regulated and award-winning fintech broker, has set its sights on Africa.



To expand its operations on the continent, ATFX acquired Khwezi Financial Services (FS), a South African forex and CFDs broker based in Cape Town. With an established clientele and a commitment to customer service, Khwezi FS was one of the first non-bank, financial services provider in the country to be licensed as an over-the-counter derivatives provider (ODP).



Now operating as ATFX Africa, the local brokerage forms part of ATFX’s global business led by Linton White, ATFX’s new regional head, and Monty Barnard, ATFX Africa’s COO.



<h2 class="wp-block-heading" id="h-local-expertise-global-knowledge">Local expertise, global knowledge</h2>



“We’re driving ATFX in South Africa. We have a big task ahead of us but we’re very excited,” says White.



ATFX started in 2017 and currently has 23 locations around the world in countries such Australia, the U.K., Cyprus, Malaysia, Jordan and Dubai. It has also been ranked the fourth largest broker of its kind in terms of the total volume of contracts for difference (CFDs) and derivatives traded on the MetaTrader 5 trading platform.



“We’ve got good coverage on most of the continents and a key eye on expansion,” says White.



Tasked with establishing ATFX’s footprint in South Africa and with a goal of moving further up the continent by 2025, White explains that ATFX was particular about what they were after when making the South African acquisition. Being fully-licensed was the first step, but ATFX also required local knowledge and expertise from the people who were part of those companies.



“That’s what sets ATFX apart from a lot of the other global brokers,” says White, adding, “They’ve focused on maintaining the local presence, knowledge and expertise instead of bringing in an international template and applying that to a local business.”



White believes that the autonomy ATFX has given to their Africa-based team will be paramount to the success of the business.



“It’s not a straightforward process. When you’re a key part of South Africa’s financial infrastructure, you need the regulator’s approval on anything that you do,” says Barnard. “That said, it was and still is a very exciting process. The team is growing and we’re expanding quickly.”



Unlike other acquisitions where a business is bought out and the staff let go, the entire Khwezi team moved across to ATFX, which was an important part of the deal.



“We’ve simply built on from the great team that we originally had,” says Barnard, who also shares that one of the highlights of being a part of ATFX was the annual dinner in Vietnam earlier in the year.&nbsp;



With over 700 employees worldwide, seeing the global team together was not only an unforgettable experience but a reminder of what makes ATFX different from its competitors.



“There’s a lot of copy-and-paste-style businesses and brokers in our space and they all tend to focus on what the competition is doing in order to present themselves as a competitor,” says White.



“But ATFX is a completely different business and we’re approaching the industry with a unique perspective because we don’t just want to be seen as another competitor.”



<h2 class="wp-block-heading" id="h-the-perfect-match">The perfect match</h2>



From ATFX’s client-centric approach to maintaining the highest standards of regulatory compliance, White likens their customer service to what you would receive from a personal banker – professional, personalized and respectful.



“… [to] not immediately go for the jugular and get deposits and force transactions, it’s more about taking care of the clients and making sure that their needs are met rather than trying to force them to meet ours,” says White.



“It’s one of the reasons the two brands, Khwezi and ATFX, came together. The focus is the client. It’s all about treating them fairly,” adds Barnard. “This industry can be cutthroat and sometimes the consumer comes second. We want to change that; we want people to trust us while we accommodate all of their requests quickly.”



Being one of the first non-bank financial services providers in South Africa with an ODP license, ATFX could also be assured that Khwezi FS aligned with the global standards of regulatory compliance and security that the company upholds.



Acting as an agent of one of the five major banks in South Africa, ATFX Africa is allowed to open segregated bank accounts for clients which means, from an administrative point of view, the funds are kept completely separate from the fintech broker’s day-to-day accounts.



“Investors want to know that their money is going to be safe and this gives our clients an extra layer of security,” says Barnard.



“We also work quite closely with the banks, sharing FICA processes and they conduct annual checks to make sure we’re doing things the right way.”



As for the services ATFX offers, they provide a comprehensive range of financial services in Africa such as trading in currencies and commodities like gold and oil, and indices like the S&amp;P 500, Dow Jones and NASDAQ. In South Africa, ATFX uses MetaTrader 5 which is one of the most popular trading platforms among brokers worldwide.



“The ODP license is fairly new as there are only 11 of these licenses locally which have been awarded to non-banks. These licenses determine what we can sell and are determined on aspects like capital adequacy and manpower,” adds Barnard.



“But with the ATFX acquisition, there are big plans for Q3 and Q4 of this year regarding what we can add to those products such as shares or crypto. The sky’s the limit.”



Being the fourth largest brokerage, globally, comes with other benefits like a big liquidity pool which means competitive trading fees – an advantage in a high-risk trading environment.



<h2 class="wp-block-heading" id="h-giving-back-moving-forward">Giving back, moving forward</h2>



Handling billions of dollars in transactions every day, it’s easy to assume that ATFX would be purely focused on maximizing revenue but the fintech broker’s extensive educational resources demonstrate its commitment to prioritizing clients&#8217; needs and long-term success over short-term profits.



“In Africa, there is major opportunity for a broker who is legitimate, trustworthy and focused on educating those who need access to these kinds of resources,” says White, who adds that they’re also in talks with some of the larger institutions across South Africa about scholarships and internships going into 2025.



Globally, ATFX is also the official partner to the Duke of Edinburgh Cup, an international event that raises funds for children in need.



“It&#8217;s not just about making money for the business, but it&#8217;s about how you provide and give back to the community,” says White. “Personally, and professionally, you need to treat everyone with the same level of respect.”



For both White and Barnard, this is only the beginning. With all the noise around regulations, they believe that ATFX is the broker that everyone has been waiting for.



“Being able to represent ATFX in Africa is not only exciting, we feel privileged to work for them,” says Barnard. “There’s definitely a need for growth in the South African brokerage space and we’re poised to be that entity going forward.”



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Watch Focus On: Fintech brokers in Africa



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Customer-Centric And Growth-Focused, This Fintech Is Moving Onwards And Upwards

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/photos_5-1-1024x683-1-820x547.jpg" alt="" class="wp-image-535545" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/photos_5-1-1024x683-1-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/photos_5-1-1024x683-1-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/photos_5-1-1024x683-1-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/photos_5-1-1024x683-1-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/photos_5-1-1024x683-1.jpg 1024w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



Kigali, Rwanda –&nbsp;The Rwanda Development Board (RDB) today hosted a press conference at the Kigali Convention Centre to announce details of the 20th edition of the Kwita Izina Gorilla Naming Ceremony, scheduled for 18 October 2024 at the foothills of Volcanoes National Park in Kinigi, Musanze District.



Quote from RDB Chief Tourism Officer, Michaella Rugwizangoga:



“It is a great pleasure to welcome you to this press conference as we prepare for one of the most significant events on Rwanda’s conservation and tourism calendar—Kwita Izina. Through this annual event, we celebrate our successful conservation efforts and acknowledge the incredible contributions made by local communities, conservation professionals, and partners from around the globe.”



The Kwita Izina ceremony, which has named 395 baby mountain gorillas since its inception, is part of Rwanda’s broader effort to protect the country’s wildlife and natural ecosystems. These efforts, alongside sustainable ecotourism, have helped Rwanda achieve remarkable growth in its tourism sector, which generated over USD 620 million in revenue from 1.4 million visitors in 2023. Gorilla tourism alone contributes 1% of Rwanda’s GDP and is a key driver of local community development.



Through the Tourism Revenue Sharing Program, 10% of all national park revenues are reinvested in socio-economic projects that benefit communities living near protected areas.



Since 2005, Rwf 12.86 billion has been used to fund 1,108 community projects, including schools, health centres, and dairy farms. These initiatives have empowered communities to become guardians of conservation, protecting both the wildlife and the environment surrounding national parks such as Volcanoes, Akagera, Gishwati-Mukura, and Nyungwe.



“This year’s Kwita Izina marks a significant milestone as we celebrate 20 years of this flagship event,” Ms. Rugwizangoga added.



“We will be naming 22 baby gorillas, and we are excited to welcome past and new Namers from around the world, whose names will be revealed in the coming days.”



In addition to the traditional naming ceremony, pop-up events will be organised in collaboration with the private sector, bringing celebrations to communities across the country. These events aim to make the Kwita Izina festivities accessible to more Rwandans and visitors while further promoting conservation awareness.



Other events include the Business of Conservation Conference (14-16 October), the Kwita Izina Golf Tournament (19 October), and the Kwita Izina Gala Dinner, featuring performances from local and international artists.



Quote from Governor of the Northern Province, Maurice Mugabowagahunde:



“Kwita Izina has brought global recognition to Rwanda’s conservation efforts. In the Northern Province, tourism has fueled growth, benefiting communities and businesses, particularly in Musanze, Nyabihu, and Rubavu. This development includes the rise of luxury hotels and improved road infrastructure, driven by tourism revenues. Additionally, the Tourism Revenue Sharing Program has funded over 659 community projects worth Rwf 5.16 billion since 2005.”



Quote from the Director General of the Rwanda Tourism Chamber, Yves Ngenzi:



“We see Kwita Izina as a vital opportunity to connect Rwanda’s tourism sector with the global market. Each year, this event has grown in significance, creating more avenues for the private sector to engage, whether through pop-up/side events, merchandise sales, or expanded business collaborations. The continued partnership between the private sector and conservation efforts has enhanced Rwanda’s global tourism offering, while also fostering sustainable economic growth and empowering local communities.”



Quote from the Head of Professional Development, African Leadership University School of Wildlife Conservation, Dr. Mike Musgrave:



“The Business of Conservation Conference has been running for four years, and we organise it in partnership with the Government of Rwanda because Kwita Izina and gorilla conservation represent the pinnacle of what can be achieved using Africa’s natural resources. Our vision for conservation shifts the traditional model from one that excludes people to one focused on sustainable development. We aim to transform conservation from a sector reliant on donor funding into a vibrant economic engine that supports livelihoods through wildlife and natural resources. BCC brings together influential leaders and experts from across Africa and the world to discuss policy changes, develop new models, and invigorate conservation as a sector that generates income and prosperity for the continent.”

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Rwanda Set to Celebrate 20 Years of Kwita Izina: Highlights and Key Events Unveiled

<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="720" height="483" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/PHOTO-2024-08-28-12-04-29-1-1.jpg" alt="" class="wp-image-532940" style="width:840px;height:auto" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/PHOTO-2024-08-28-12-04-29-1-1.jpg 720w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/PHOTO-2024-08-28-12-04-29-1-1-300x201.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/PHOTO-2024-08-28-12-04-29-1-1-134x90.jpg 134w" sizes="auto, (max-width: 720px) 100vw, 720px" /><figcaption class="wp-element-caption">Babatunde Majiyagbe, Chief Executive, Stanbic IBTC Nominees</figcaption></figure>



Custodial and securities services in Nigeria have been evolving gradually for some time now. What would you say is the state of the market at this time?



Nigeria&#8217;s capital market is progressing, with custodial organisations transforming from passive players to proactive account administrators and capital enablers. As the market deepens, custodians are becoming vital in capital market development, supporting the increasing volume and activity, and meeting evolving business and client needs.



An essential development is the formation of associations like the Association of Asset Custodians of Nigeria (AACN), which amplifies the value custodians offer. Stanbic IBTC Nominees is a key member of this association, actively participating in conferences and discussions that promote industry growth.



It is interesting how you mention that custodian organisations are now regarded as initiators of capital market development rather than recipients. Can you shed more light on this?



Traditionally, custodians safeguarded financial assets, minimising risks. Today, their role has expanded to include account administration, transaction settlements, and tax support. More importantly, custodians now lead advocacy efforts by engaging regulators and market participants to initiate market changes, leveraging their expertise to enhance local market capabilities.



By working closely with regulators and market participants, custodians have driven initiatives like securities lending to improve market liquidity. This collaborative effort has led to the introduction and regulation of securities lending in Nigeria, contributing significantly to market development.



In 2015, Stanbic IBTC Bank introduced securities lending in Nigeria. How would you describe the process and journey that led to this feat?



SEC issued licenses for Securities Lending Agents in 2012, and by 2015, securities lending was officially launched. Since then, Stanbic IBTC has been the most active participant. We have increased market awareness and engagement, collaborating with key market participants to drive adoption.



Now, we are excited to include fixed income securities like Federal Government Bonds and Treasury Bills in our lending services. This expansion provides more opportunities for our clients and enhances market liquidity.&nbsp;



What exactly does securities lending entail?



Securities lending involves the temporary transfer of securities from a lender to a borrower, with an agreement to return the securities either on demand or at a specified future date. The borrower gains full legal title and can sell the securities, often for short selling.



Transactions are governed by formal agreements detailing the loan terms, fees, and collateral. During the lending period, the borrower is obligated to return the securities upon request at the expiration of the agreement.



How does securities lending contribute to the overall capital markets’ efficiency and liquidity?&nbsp;



Securities lending is crucial for effective market-making, increasing overall market liquidity, and enhancing the efficiency of price discovery mechanisms. It allows market-makers and investors to take and cover short positions, supporting their market-making activities, investment strategies, or hedging purposes. By enabling these activities, securities lending fosters a more dynamic and liquid market, which benefits all participants.



Can you elaborate on this recent development in the securities lending service in Stanbic IBTC Bank?



Previously, our securities lending services were limited to equities. Now, we are excited to extend this service to include fixed income securities such as Federal Government Bonds and treasury bills. This expansion allows us to offer more comprehensive solutions to our local and international institutional clients; providing greater opportunities for income generation and liquidity creation in the market. We have also opened this offering up to international investors. In 2024 alone, we successfully loaned out assets worth 150 million Naira, underscoring the growing demand and trust in our securities lending services.



What are the implications of increased securities lending for market participants and regulators?



Increased securities lending boosts market activity and liquidity, benefiting both buy-side and sell-side participants. It paves the way for new products like derivatives and attracts more investors. For regulators, it means maintaining oversight and adapting to evolving market practices to ensure a stable and efficient market.



Can you highlight the involvement of The Nigerian Exchange Limited (NGX) and The Financial Market Dealers Quotation (FMDQ) in securities lending?



The NGX and FMDQ play crucial roles in facilitating and regulating the securities market. The NGX provides guidelines for securities lending transactions and ensures adherence to best practices. FMDQ, particularly in the fixed income market, supports the inclusion of bonds and treasury bills, enhancing market liquidity.



Are securities lending transactions permitted in asset classes other than equities, such as government bonds and ETFs?



Yes, securities lending is permitted for all listed securities, including equities, government bonds, and treasury bills. As the market develops, we aim to include more diverse and liquid assets in the securities lending pool.



How much of Standard Bank’s expertise was leveraged in establishing securities lending in Nigeria?



Standard Bank, as a leading custodial bank in Africa, provided invaluable technical guidance, training, and platforms for securities lending. Their support was instrumental in launching and operationalising securities lending in Nigeria, enhancing our market&#8217;s functionality and appeal.



Stanbic IBTC Bank recently won awards for its custodial services. Some of these include Best Sub-Custodian Bank in Nigeria at the Global Finance Awards for the 15th consecutive time; Best Sub-Custodian Bank at the 2023 International Finance Awards; Best Custodian Bank in Nigeria at the Digital Banker&#8217;s Global Transaction Banking Innovation Awards 2023 and Custodian Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions’ (BAFI) Awards. What would you say is the key driver of these achievements?



Our success is driven by our commitment to excellence, innovation, and client satisfaction. We constantly raise the bar, leveraging cutting-edge technology and focusing on client-centric services. Our dedication to transparency, efficiency, and accuracy has earned us the trust of investors and recognition through these recognitions. As Investor Services at Stanbic IBTC Bank Limited, can you highlight some of its services?



Stanbic IBTC Bank Limited is the leading custodial and investor services company in Nigeria. We offer a wide range of services, including asset safekeeping, transaction processing, foreign exchange trades, derivatives clearing and top-notch securities lending. Our robust systems ensure seamless operations and business continuity.



How can interested persons or firms register as participants in securities lending? Interested parties can contact us at callme@stanbicibtc.com for information on securities lending. We will guide them through the required documentation and onboarding process to become participants in this exciting market opportunity.

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

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Africa Collective returns to Davos in 2025: Afreximbank joins Patronage Partner AfCFTA Secretariat as Host Partner

Customer-Centric And Growth-Focused, This Fintech Is Moving Onwards And Upwards

Rwanda Set to Celebrate 20 Years of Kwita Izina: Highlights and Key Events Unveiled

NGN150mn worth of securities loaned to local and international clients in 2023

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