<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="615" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/05/StudioRig_Portrait-06500-1-820x615.jpg" alt="" class="wp-image-618632" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/05/StudioRig_Portrait-06500-1-820x615.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/StudioRig_Portrait-06500-1-300x225.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/StudioRig_Portrait-06500-1-120x90.jpg 120w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/StudioRig_Portrait-06500-1-768x576.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/StudioRig_Portrait-06500-1-1536x1153.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/StudioRig_Portrait-06500-1-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



The South African National Petroleum Company (SANPC) and its holding company Central Energy Fund (CEF) today announced that it has reached an agreement with both organized labour and non -unionized employees of merging entities (iGas, PetroSA and SFF) on issues related to its go-live on the 1st April 2025. The signed agreement paves way for the SANPC to start operating as a fully-fledged subsidiary of the Central Energy Fund (CEF), despite a week’s delay. 



This legal status to operate as a new State-Owned Petroleum Company of South Africa, is in line with the National Treasury’s approval in terms of the s51(g) (h) of the Public Finance Management Act of 1999. The incorporation of the SANPC as a subsidiary of CEF Group of Companies will be an interim measure until the National Petroleum Bill is promulgated into law. 



However, for the SANPC to kick start its operations, it would use the lease and assign model wherein certain assets of the merging entities will be leased to the new company. The proposed Lease and Assignment model provides the opportunity to strategically select what is leased and assigned to the SANPC by ring-fencing or isolating Petrosa’s legacy assets such as decommissioning liability and current operating challenges of the Gas to Liquid Refinery. 



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/05/refinery.-energy.-africa.-Bigstock-820x547.jpg" alt="" class="wp-image-618634" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/05/refinery.-energy.-africa.-Bigstock-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/refinery.-energy.-africa.-Bigstock-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/refinery.-energy.-africa.-Bigstock-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/refinery.-energy.-africa.-Bigstock-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/refinery.-energy.-africa.-Bigstock.jpg 1500w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



This approach will improve the financial risk profile for SANPC to secure funding as well as provide a legally sound solution to deal with the constraints associated with the non-profit status of SFF. To that effect, we expect that the SANPC will minimise the risk exposure to external dependency for finished products that threatens our security of energy supply in the country, impact positively the balance of payments for the country and keep associated industry and core skills inland. 



As part of the approved business case to operationalise the SANPC, a total of 402 employees out of 1022 employees of the merging entities would transfer during the first phase of the merger, which is effective immediately. All other remaining employees (620 in total) associated with ringfenced assets &amp; operations within Legacy entity (i.e. PetroSA) would transfer in the second phase of the project once these assets have been turned around &amp; optimized with the support of SANPC and CEF as the holding company. 



Meanwhile, work has begun to address the legacy assets which include the re-instatement of the Gas -To- Liquids (GTL) Refinery and the decommissioning liability methodology and provisioning as well as constraints associated with the non-profit status of SFF. Once all the matters relating to these legacy assets are resolved, they would be ready for transfer to the SANPC. 



As we consolidate our internal resources and expertise to power SA’s energy future, we would ensure that no jobs are lost, and no is left behind.

StudioRig_Portrait-06500

SANPC open for business, despite a week of delay

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="615" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/05/StudioRig_Portrait-05945-820x615.jpg" alt="" class="wp-image-618629" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/05/StudioRig_Portrait-05945-820x615.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/StudioRig_Portrait-05945-300x225.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/StudioRig_Portrait-05945-120x90.jpg 120w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/StudioRig_Portrait-05945-768x576.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/StudioRig_Portrait-05945-1536x1153.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/StudioRig_Portrait-05945-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



JOHANNESBURG-The South African National Petroleum Company (SANPC) is pleased to announce the successful completion of the first phase of employee transfers, welcoming 402 team members from the Central Energy Fund’s subsidiary companies: iGas, PetroSA, and the Strategic Fuel Fund (SFF). This achievement marks a significant and historic leap forward in the operationalisation of the SANPC as a South African Energy Champion.



As we consolidate our internal resources and expertise to power South Africa’s energy future and support key government priorities, the SANPC will be at the centre of the country’s re-industrialization drive. Through planned infrastructure programmes, the SANPC is geared to create meaningful jobs and future opportunities for all South Africans, said Chief Executive, Mr. Godfrey Moagi.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/05/CRITICAL-MINERALS-2024-1610-820x547.jpg" alt="" class="wp-image-618628" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/05/CRITICAL-MINERALS-2024-1610-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/CRITICAL-MINERALS-2024-1610-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/CRITICAL-MINERALS-2024-1610-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/CRITICAL-MINERALS-2024-1610-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/CRITICAL-MINERALS-2024-1610-1536x1024.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/05/CRITICAL-MINERALS-2024-1610-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Mr. Godfrey Moagi, CEO of SANPC.</figcaption></figure>



These developments are part of both short- and long-term initiatives under CEF Group Adaptive Strategy and Scaling Up for Growth Strategic Horizon. This approach is rooted in value creation, operational excellence, and portfolio diversification.



“We remain focused on the swift and practical implementation of solutions to turn around ring-fenced assets and operations. These will be progressively transferred to the SANPC once all commercial and legal requirements have been resolved, added Moagi.



The emergence of this rising South African Energy champion will be the beacon of hope not only to South Africa but to the region, as well. This will be a legacy that will transcend all the man-made borders to impact lives of ordinary lives in its quest to Power our Tomorrow.

StudioRig_Portrait-05945

SANPC welcomes 402 employees, a key integration milestone

<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="820" height="261" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/AFNIS-2025-Full-Logo-820x261.png" alt="" class="wp-image-613544" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/AFNIS-2025-Full-Logo-820x261.png 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/AFNIS-2025-Full-Logo-300x95.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/AFNIS-2025-Full-Logo-160x51.png 160w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/AFNIS-2025-Full-Logo-768x244.png 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/AFNIS-2025-Full-Logo.png 1067w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure></div>


ABUJA, NIGERIA – The African Natural Resources and Energy Investment Summit (AFNIS) is poised to return for its 4th edition in Abuja from July 15–17, 2025 at the State House Conference Centre, Presidential Villa. Hosted by the Federal Government of Nigeria — alongside key Ministries spanning Solid Minerals Development (designated as Chief Host), Steel Development, Petroleum Resources, Finance, Power, Environment, Foreign Affairs, and Industry, Trade &amp; Investment — AFNIS 2025 convenes under the pivotal theme: &#8220;Harnessing Local Content for Sustainable Development.&#8221;



Since its inception in 2022, AFNIS has rapidly grown into a premier platform, bringing together African ministers, global institutions, financiers, and industry leaders spanning the mining, oil &amp; gas, power, renewables, agriculture, and finance. The successful 2024 edition was officially opened by His Excellency Bola Ahmed Tinubu, GCFR, President of the Federal Republic of Nigeria, who was ably represented by His Excellency Kashim Shettima, GCON, Vice President of the Federal Republic of Nigeria. Following the summit’s opening, His Excellency Bola Ahmed Tinubu GCFR hosted a high-level meeting with a delegation of visiting African Ministers at the Presidential Villa, reinforcing the strategic importance of regional collaboration in advancing Africa’s natural resource and energy agenda.



AFNIS frequently brings together senior dignitaries from over 25 nations, along with executives from leading organizations such as the United Nations, ECOWAS, African Development Bank, World Health Organization (WHO), International Finance Corporation (IFC), Africa Finance Corporation (AFC), Development Bank of Southern Africa (DBSA), &nbsp;Sustainable Energy for All (SEforALL), the Africa Minerals Strategy Group, and the African Petroleum Producers&#8217; Organization.



The private sector is equally well represented, with participation from leading companies including BUA Group, Sabic, Engie, Société Nationale des Hydrocarbures (SNH), Nigerian Content Development and Monitoring Board, Saudi Aramco, Matrix Energy Group, Oando, Segilola Operating Resources Limited, Ganfeng Lithium, FG Gold, Woodcross Resources, Xcalibur Multiphysics, Victoria Falls Stock Exchange among others, highlighting AFNIS&#8217;s role as a premier meeting ground for Africa’s natural resources and energy industries.


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="820" height="461" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-1-President-Bola-Tinubu-is-greeted-by-a-delegation-from-AFNIS-2024-including-Ministers-from-Sierra-Leone-Liberia-Chad-Malawi-Uganda-and-South-Sudan-820x461.jpeg" alt="" class="wp-image-613540" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-1-President-Bola-Tinubu-is-greeted-by-a-delegation-from-AFNIS-2024-including-Ministers-from-Sierra-Leone-Liberia-Chad-Malawi-Uganda-and-South-Sudan-820x461.jpeg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-1-President-Bola-Tinubu-is-greeted-by-a-delegation-from-AFNIS-2024-including-Ministers-from-Sierra-Leone-Liberia-Chad-Malawi-Uganda-and-South-Sudan-300x169.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-1-President-Bola-Tinubu-is-greeted-by-a-delegation-from-AFNIS-2024-including-Ministers-from-Sierra-Leone-Liberia-Chad-Malawi-Uganda-and-South-Sudan-160x90.jpeg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-1-President-Bola-Tinubu-is-greeted-by-a-delegation-from-AFNIS-2024-including-Ministers-from-Sierra-Leone-Liberia-Chad-Malawi-Uganda-and-South-Sudan-768x432.jpeg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-1-President-Bola-Tinubu-is-greeted-by-a-delegation-from-AFNIS-2024-including-Ministers-from-Sierra-Leone-Liberia-Chad-Malawi-Uganda-and-South-Sudan-1536x864.jpeg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-1-President-Bola-Tinubu-is-greeted-by-a-delegation-from-AFNIS-2024-including-Ministers-from-Sierra-Leone-Liberia-Chad-Malawi-Uganda-and-South-Sudan-scaled.jpeg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">President Bola Tinubu is greeted by a delegation from AFNIS 2024 including Ministers from Sierra Leone Liberia Chad Malawi Uganda and South Sudan</figcaption></figure></div>


Building on this momentum, AFNIS 2025 aims to be the &#8220;most impactful of all the editions,&#8221; according to AFNIS Co-Chair Suleiman Zakari. The organizers are &#8220;anticipating more participation from industry leaders, government officials, and investors as the platform has grown consistently&#8221;. The summit is honoured to once again have His Excellency Bola Ahmed Tinubu, GCFR, President of the Federal Republic of Nigeria, as the Guest of Honour declaring the summit open, and Dr. Oladele Alake, Honourable Minister of Solid Minerals Development, as the Chief Host.


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="820" height="508" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-2-Minister-for-Solid-Minerals-Development-Dr-Oladele-Alake-2-820x508.jpeg" alt="" class="wp-image-614766" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-2-Minister-for-Solid-Minerals-Development-Dr-Oladele-Alake-2-820x508.jpeg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-2-Minister-for-Solid-Minerals-Development-Dr-Oladele-Alake-2-300x186.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-2-Minister-for-Solid-Minerals-Development-Dr-Oladele-Alake-2-145x90.jpeg 145w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-2-Minister-for-Solid-Minerals-Development-Dr-Oladele-Alake-2-768x476.jpeg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-2-Minister-for-Solid-Minerals-Development-Dr-Oladele-Alake-2.jpeg 1440w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Minister for Solid Minerals Development Dr Oladele Alake</figcaption></figure></div>


A Vision Anchored in Local Content



The 2025 theme, &#8220;Harnessing Local Content for Sustainable Development,&#8221; goes to the heart of Africa&#8217;s economic aspirations. As the AFNIS Co-Chair notes, &#8220;we expect the summit to spotlight actionable strategies for transforming Africa’s resource wealth into sustainable economic growth”. &nbsp;AFNIS 2025 will champion an achievable vision where Africa&#8217;s immense natural resource wealth does more than drive exports; it actively fuels the growth of robust local industries and value chains.



This year, the focus is on promoting home-grown industries across mining, oil and gas, power, and renewables, enabling them to create integrated value chains while strategically embracing global partnerships for capital, &nbsp;technology transfer and capacity building. &nbsp;



The Cross-Sectoral Advantage: Building Bridges for Impact



Unlike many industry-specific conferences, AFNIS distinguishes itself through its unique cross-sectoral approach. It provides a vital platform where key players from mining, oil and gas, power, renewables, and finance converge to explore synergies and foster collaboration across the entire natural resource value chain.



This collaborative spirit is central to the AFNIS mission. &#8220;Our main motivation for AFNIS is really to provide a platform where we find sustainable solutions to our development challenges,&#8221; explains Suleiman Zakari, AFNIS Co-Chair. &#8220;We have tremendous wealth hidden in silos whether its the Oil and Gas sector or Nigeria compared to its neighbours, we want to build bridges for that wealth to be channelled and pooled for impactful change. That&#8217;s the mission and vision of AFNIS, that is why it brings different sectors and ministries together&#8221;.


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-3-Prof-Kevin-Chika-Urama-Vice-President-and-Chief-Economist-from-African-Development-Bank-dives-into-the-financial-state-of-African-natural-resources-1-820x547.jpeg" alt="" class="wp-image-614767" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-3-Prof-Kevin-Chika-Urama-Vice-President-and-Chief-Economist-from-African-Development-Bank-dives-into-the-financial-state-of-African-natural-resources-1-820x547.jpeg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-3-Prof-Kevin-Chika-Urama-Vice-President-and-Chief-Economist-from-African-Development-Bank-dives-into-the-financial-state-of-African-natural-resources-1-300x200.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-3-Prof-Kevin-Chika-Urama-Vice-President-and-Chief-Economist-from-African-Development-Bank-dives-into-the-financial-state-of-African-natural-resources-1-135x90.jpeg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-3-Prof-Kevin-Chika-Urama-Vice-President-and-Chief-Economist-from-African-Development-Bank-dives-into-the-financial-state-of-African-natural-resources-1-768x512.jpeg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-3-Prof-Kevin-Chika-Urama-Vice-President-and-Chief-Economist-from-African-Development-Bank-dives-into-the-financial-state-of-African-natural-resources-1.jpeg 1413w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Prof Kevin Chika Urama Vice President and Chief Economist from African Development Bank dives into the financial state of African natural resources</figcaption></figure></div>


Why Participate in AFNIS 2025? Unlocking Value Across Sectors



AFNIS 2025 offers compelling value propositions across the natural resources and energy spectrum. For Mining and Renewables players, it&#8217;s a prime venue to forge partnerships for local value addition – from refining minerals to manufacturing components like batteries and solar panels – and to gain insights into supportive policies and financing. Oil &amp; Gas participants can explore strategies for reinvesting revenues into sustainable infrastructure and cross-sector collaborations, balancing current demands with future energy goals.



The Power sector will find opportunities to develop integrated solutions crucial for industrialization and electrification. For the Finance industry, AFNIS serves as a strategic hub to discover and structure deals across multiple converging sectors; it represents a critical opportunity, as one CEO noted, for those seeking to actively shape and &#8220;own Africa’s next growth story, not just fund it passively.&#8221; By engaging with local content initiatives and cross-sector opportunities, financiers can secure new clients, deepen portfolios, and align their business models with a major shift in the continent&#8217;s investment landscape.



AFNIS: A Catalyst for Action and Impact AFNIS continues to serve as a crucial catalyst, translating dialogue into tangible outcomes. Initiatives born from previous summits demonstrate this impact. For example, the Africans for Africa (AforA) initiative — conceived at AFNIS 2024 to mobilize African industry and capital — will see the formal launch and first industry outing of its Fund at AFNIS 2025. Similarly, following a key partnership facilitated at AFNIS 2024 between Nigeria’s Ministry of Solid Minerals Development and SEforALL’s Global Council on Critical Minerals, AFNIS 2025 will feature the official unveiling of a major report, including findings from a Council-funded study on Nigeria’s mineral and renewable energy value chains. Beyond these milestones, AFNIS continues to drive high-level connections and transactions among participants. These successes underscore AFNIS’s role as an incubator for vital collaborations that are advancing Africa’s sustainable development.


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-4-Vice-President-Kashim-Shettima-tours-the-exhibition-hall-greeted-by-exhibitors-1-820x547.jpeg" alt="" class="wp-image-614768" style="width:820px;height:auto" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-4-Vice-President-Kashim-Shettima-tours-the-exhibition-hall-greeted-by-exhibitors-1-820x547.jpeg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-4-Vice-President-Kashim-Shettima-tours-the-exhibition-hall-greeted-by-exhibitors-1-300x200.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-4-Vice-President-Kashim-Shettima-tours-the-exhibition-hall-greeted-by-exhibitors-1-135x90.jpeg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-4-Vice-President-Kashim-Shettima-tours-the-exhibition-hall-greeted-by-exhibitors-1-768x512.jpeg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Fig-4-Vice-President-Kashim-Shettima-tours-the-exhibition-hall-greeted-by-exhibitors-1.jpeg 1440w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Vice President Kashim Shettima tours the exhibition hall greeted by exhibitors</figcaption></figure></div>


Summit Highlights and Enhanced Experiences



AFNIS 2025 promises a dynamic agenda filled with strategic discussions, exhibitions, deal-making opportunities, and expanded networking experiences. The program kicks off with the exclusive High-Level Ministerial &amp; CEO Retreat (July 14–15), where African mining ministers and CEOs will engage in strategic dialogue and team-building activities, the AFNIS 2025 Golf Tournament. The Strategic Partnerships &amp; Policy Summit (July 16) will feature keynote addresses, masterclasses, country spotlights, and panels on topics such as local content development, empowering Africa’s green economy, and the linkages between mining and agriculture. The Technical Summit (July 17) will offer deep dives into Africa’s economic outlook, mobilizing domestic capital, responsible sourcing, energy transitions, and building financial confidence in mining investments, alongside the unveiling of the SEforALL study on critical minerals. In a major highlight, AFNIS 2025 will also witness the commissioning of a landmark lithium processing facility, further underscoring the summit&#8217;s focus on translating dialogue into tangible industrialization outcomes.



Join the Conversation: Participate in AFNIS 2025



AFNIS 2025 invites visionary leaders, project developers, investors, innovators, and stakeholders from across the natural resources and energy ecosystem to Abuja this July. Whether you aim to speak, attend, partner, or exhibit, AFNIS offers a unique opportunity to connect with key decision-makers, forge strategic alliances, and contribute to shaping Africa&#8217;s sustainable future.



Don&#8217;t miss this pivotal summit dedicated to transforming Africa&#8217;s natural wealth into lasting economic prosperity through the power of local content.



For more information on participation and partnerships:



<ul class="wp-block-list">
<li>Website: <a href="http://www.afnisummit.com" target="_blank" rel="noreferrer noopener">www.afnisummit.com</a></li>



<li>Speaker Enquiries: <a href="mailto:speak@afnisummit.com">speak@afnisummit.com</a></li>



<li>Media Enquiries: <a href="mailto:media@afnisummit.com">media@afnisummit.com</a> &nbsp;</li>



<li>General &amp; Partnership Enquiries: <a href="mailto:help@afnisummit.com">help@afnisummit.com</a></li>
</ul>



Join us in Abuja for AFNIS 2025 – Building Africa sustainably through local industries.


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/image-4-1-820x547.png" alt="" class="wp-image-614769" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/image-4-1-820x547.png 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/image-4-1-300x200.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/image-4-1-135x90.png 135w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/image-4-1-768x512.png 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/image-4-1.png 1089w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Secretary General of Africa Minerals Strategy Group Moses Engadu announces landmark Africans for Africa Initiative with cofounders Motimose Metals and Core International Directors Tim Tokun and Suleiman</figcaption></figure></div>

Fig 1 President Bola Tinubu is greeted by a delegation from AFNIS 2024 including Ministers from Sierra Leone Liberia Chad Malawi Uganda and South Sudan

AFNIS 2025: Nigeria to Host Premier Pan-African Summit at State House, Bridging Mining, Energy, Power, and Finance Sectors

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="817" height="800" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/IMG_0604-1-817x800.jpg" alt="" class="wp-image-609712" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/IMG_0604-1-817x800.jpg 817w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/IMG_0604-1-300x294.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/IMG_0604-1-92x90.jpg 92w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/IMG_0604-1-768x752.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/IMG_0604-1-1536x1504.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/IMG_0604-1-scaled.jpg 2048w" sizes="auto, (max-width: 817px) 100vw, 817px" /><figcaption class="wp-element-caption">Madelain Roscher, CEO of PR Worx, Africa’s Best Public Relations Agency</figcaption></figure>



In the high-stakes world of business, influence isn’t just a competitive edge, it’s the foundation of power, longevity, and profitability. Yet, too many professionals treat communication as a secondary skill &#8211; something to be outsourced to a PR team or polished up for the occasional keynote speech.



Here’s the reality: communication is everything. It determines whether you get the deal, keep the deal, or lose the deal. It decides how people perceive you, how much they trust you, and ultimately, how much they are willing to invest in you, your company, or your ideas.



I’ve spent more than two decades advising business leaders, high-profile personalities, and even presidents on how to control their narrative, navigate crises, and maintain influence in industries where reputations can be made or destroyed overnight. I’ve seen firsthand how poor communication decisions have cost companies millions and toppled careers, while strategic positioning has built billion-dollar brands and secured legacies.



But influence isn’t just about keeping your name clean in the media. It’s about ensuring you always have a seat at the table &#8211; not just today, but for years to come.



That’s why I’m offering two high-impact masterclasses:



<ul class="wp-block-list">
<li>The Masterclass in strategic influence &#8211; A no-nonsense approach to brand authority, reputation management, and crisis control, designed for senior executives, corporate leaders, and high-profile professionals who need to own their influence and keep it.</li>
</ul>



<ul class="wp-block-list">
<li>Building and monetizing your own online course &#8211; A roadmap for turning industry expertise into a scalable business, creating new revenue streams while positioning yourself as a go-to authority in your field.</li>
</ul>



These aren’t abstract lectures or textbook theories. These are hard-hitting, real-world strategies used by the most influential leaders in business, politics, and global markets.



The Cost of overlooking communication



One of the biggest mistakes executives make is assuming that their work speaks for itself. It doesn’t.



The world isn’t fair, and it isn’t about who is the best &#8211; it’s about who positions themselves as the best. If you aren’t actively shaping how people perceive you, your competitors will happily do it for you.



I’ve seen CEOs lose out on promotions because they failed to establish their leadership presence. I’ve seen brilliant strategists overlooked in boardrooms because they didn’t know how to frame their ideas in a way that commands attention. I’ve seen businesses struggle, not because their products weren’t strong, but because they failed to communicate their value effectively.



Strategic communication isn’t just a tool &#8211; it’s a necessity for survival.



1. Mastering strategic influence: Owning your authority and reputation



In my Masterclass in strategic influence, I teach executives how to:



<ul class="wp-block-list">
<li>Position themselves as industry authorities &#8211; because if you aren’t seen as the expert, someone else will take that title.</li>



<li>Command influence in boardrooms, media, and high-stakes negotiations &#8211; because business is won by those who control the conversation.</li>



<li>Maintain long-term credibility and protect their seat at the table &#8211; because influence isn’t just about gaining power, it’s about keeping it.</li>



<li>Navigate crises without losing reputation or stakeholder confidence &#8211; because even the strongest brands face attacks, and the best leaders know how to control the fallout.</li>



<li>Master your executive presence to command respect &#8211; because every conversation, negotiation, and decision shapes how investors, stakeholders, and employees perceive your leadership and long-term influence.</li>
</ul>



This is about more than PR &#8211; this is about ensuring that when decisions are made, your name is at the forefront of the conversation.



From influence to profit: The power of knowledge-based business



Once you’ve established your authority, the next logical step is to monetize it. Influence isn’t just about public perception &#8211; it’s about turning expertise into a tangible business asset.



That’s where my second offering comes in:



2. Building and monetizing your own online course



The digital economy has created a global demand for industry-specific knowledge. Senior professionals, executives, and entrepreneurs are realizing that their expertise is more valuable than they ever imagined &#8211; but most have no idea how to package it into a business.



This masterclass is designed for those who want to:



<ul class="wp-block-list">
<li>Turn their industry experience into a high-value course &#8211; because knowledge is an asset that can generate long-term revenue.</li>
</ul>



<ul class="wp-block-list">
<li>Create a compelling, well-structured course that attracts paying students &#8211; because a strong course isn’t just about what you teach, it’s about how you frame it.</li>
</ul>



<ul class="wp-block-list">
<li>Position themselves as the definitive expert in their field &#8211; because when people think of your industry, they should think of you.</li>
</ul>



<ul class="wp-block-list">
<li>Scale their influence beyond corporate leadership and into thought leadership &#8211; because the best leaders teach, they don&#8217;t just lead.</li>
</ul>



One of my recent clients, a former cover model for the world’s most iconic glamour magazine, wanted to shift her career focus and regain control of her public image. Instead of letting the media dictate her next chapter, we built a course that played to her strengths &#8211; an empowerment-focused program teaching women body confidence, self-branding, and personal authority.



It transformed her reputation and opened new revenue opportunities that had nothing to do with her past and everything to do with where she wanted to go next.



This approach applies across industries. Whether you’re a corporate strategist, financial executive, leadership coach, or industry specialist, you already have the knowledge people are willing to pay for. You just need the right strategy to turn it into a business model that works for you.



What kind of courses would your expertise sell?



It’s not always the topics you expect. Some of the most valuable courses are based on knowledge gaps professionals don’t even realize they need to fill. For example:



<ul class="wp-block-list">
<li>How to truly build a business on the golf course &#8211; Because deals don’t always happen in boardrooms.</li>
</ul>



<ul class="wp-block-list">
<li>Teaching senior executives the basics of accounting without anyone knowing you lack financial knowledge &#8211; Because not every leader is a numbers expert, but no one wants to admit it.</li>
</ul>



<ul class="wp-block-list">
<li>Mastering the subtle art of office politics &#8211; Because knowing how to navigate power dynamics can be just as important as performance.</li>
</ul>



<ul class="wp-block-list">
<li>The unwritten rules of corporate success &#8211; Because what gets you promoted isn’t always in the job description.</li>
</ul>



<ul class="wp-block-list">
<li>Reading body language like a pro &#8211; Because understanding unspoken cues can give you the upper hand in negotiations, meetings, and leadership.</li>
</ul>



If you’re an expert at something, there is an audience willing to pay to learn from you.



Why this matters now more than ever



The world is changing fast. AI is disrupting industries, markets are shifting, and traditional career paths are no longer secure. The professionals who will thrive are the ones who know how to communicate, influence, and teach.



Executives who don’t take control of their narrative will be left behind. Leaders who fail to position themselves as authorities will be replaced by those who do. Professionals who ignore the opportunity to monetize their expertise will watch others cash in on their industry knowledge.



The choice is simple &#8211; lead the conversation or be sidelined by it.



I didn’t build PR Worx by waiting for recognition &#8211; I positioned myself as the go-to authority in the marketing-communications sector and made sure my work was undeniable. That’s the same strategy I teach in my masterclasses.



Whether you want to own your influence in the boardroom or build a high-value online business, these masterclasses give you the roadmap.



Your reputation is your greatest asset. Your knowledge is your most valuable product. If you’re ready to take control, build your authority, and create new revenue streams, I’ll see you in class.



Spaces are limited. For more information or to secure your spot, contact me directly at ceo@prworx.co.za or visit www.prworx.co.za/contact to submit your interest.



Photographs by @Munro_Nel

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Madelain Roscher: The PR Guru & Strategist Teaching Influence In Africa

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="783" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Josh-Klipin_Cropped-copy-820x783.png" alt="" class="wp-image-606723" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Josh-Klipin_Cropped-copy-820x783.png 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Josh-Klipin_Cropped-copy-300x287.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Josh-Klipin_Cropped-copy-94x90.png 94w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Josh-Klipin_Cropped-copy-768x734.png 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Josh-Klipin_Cropped-copy-1536x1467.png 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Josh-Klipin_Cropped-copy.png 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Josh Klipin, Co-head of Syndication and Distribution at Nedbank Corporate and Investment Banking (CIB)</figcaption></figure>



&#8216;Africa’s syndication markets are navigating a period of change, driven by global conditions and local market demands. With liquidity and competition intensifying, the landscape offers opportunities and hurdles for borrowers and lenders alike,&#8217; writes Josh Klipin, Co-head of Syndication and Distribution at Nedbank Corporate and Investment Banking (CIB).



In a year marked by global macroeconomic and geopolitical uncertainty, South Africa&#8217;s loan capital (and bond) markets stood out as a beacon of resilience, driven by a surge in refinancing activity and strong investor appetite. Borrowers used these conditions to secure competitive pricing, which created a borrower-friendly environment with accessible capital and favourable terms. Pricing contraction and abundant liquidity allowed for flexible capital-raising strategies and often borrowers reduced the size of their lender group, consisting of relationship lenders only. A&nbsp;smaller and more relationship-based lender group enabled borrowers to expedite decision-making processes when buying or selling assets, requesting waivers, or amending the terms of their finance agreements.



Quite unique to the South Africa market, borrowers were often able to negotiate quite restrictive transfer provisions for illiquid assets, including a reduced permitted transfer list, higher minimum transfer amounts, and restrictions on the maximum number of lenders to whom original lenders can distribute.



Since 2021/2022, the loan market has faced a persistent imbalance between demand and supply. Quality assets became very scarce. Banks continued to look to grow their balance sheets and institutional investors needed to deploy cash to meet their investors return hurdles, which resulted in price contraction across the market, in general. Very similar themes have played out in the bond markets, with existing issuers benefiting from these conditions and new issuers coming to market, taking advantage of the liquidity and diversifying their pools of capital markets funding.



While the market has been driven largely by refinancing activity, the revival of some merger and acquisition (M&amp;A) activity signals a renewed focus on growth opportunities. Transactions such as Vodacom&#8217;s proposed acquisition of a significant stake in Maziv, and Sun International&#8217;s proposed acquisition of the Peermont Group reflect this appetite for growth and expansion, even as regulatory approvals remain conditions for transaction implementation.



Notwithstanding an uncertain – and increasingly volatile – macroeconomic and geopolitical landscape, there is renewed optimism following the South African general election in May 2024. Credit rating agencies Moody’s and Fitch retained South Africa’s credit rating and stable outlook, while S&amp;P upgraded the outlook to positive, from stable, citing the potential for reforms to lift economic growth, with added impetus from the government of national unity. Key risks do remain from a macro perspective, these being, among other things, realignment of geopolitics, trade policy uncertainty and tariff wars, inflation, potential higher rates (for longer), and climate change.



In 2024, CIB had multiple client successes, including sole funder to City of Cape Town for its ZAR3.5&nbsp;billion funding requirements, highlighting Nedbank’s continued commitment to supporting economic growth in South Africa through funding public sector and infrastructure development. This deal was recognised by Global Banking and Markets: Africa as the 2024 local currency deal of the year. Nedbank was awarded the ESG Loan Deal of the Year for its USD 114&nbsp;million (equivalent) sustainability tier 2 note issuance.



Corporate South Africa&#8217;s balance sheets are generally strong, with leverage metrics being at acceptable levels. And with the increased business and consumer confidence, we are seeing borrowers looking for growth opportunities. Nedbank continues to support its key clients with its balance sheet and, where certainty of funds is required, and underwriting its clients&#8217; funding requirements.



In this environment, meeting borrower expectations and maintaining lending requirements demand creative strategies and specialised expertise.



As the Global Banking &amp; Markets: Africa Bonds, Loans &amp; ESG 2025 Conference approaches, the need for alignment between growth strategies and evolving market realities becomes more apparent. Borrowers will likely continue to focus on refinancing while selectively pursuing growth-related transactions, generally supported by favourable terms from relationship banks. For lenders, the opportunity lies in innovating and leveraging expertise to meet the demand for sustainable and practical capital solutions.



Africa&#8217;s resilience and untapped growth potential continue to make it a compelling destination for investment. By embracing the complexities of market dynamics, stakeholders can unlock opportunities that lead to progress across the continent. The future demands collaboration, strategic foresight, and adaptability. These are qualities that institutions like Nedbank are well positioned to deliver.

Josh Klipin_Cropped copy

Balancing structure, liquidity and pricing for sustainable growth

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="528" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/4U3A9916-1-820x528.jpg" alt="" class="wp-image-602417" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/4U3A9916-1-820x528.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/4U3A9916-1-300x193.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/4U3A9916-1-140x90.jpg 140w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/4U3A9916-1-768x495.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/4U3A9916-1-1536x990.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/4U3A9916-1-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



Johannesburg, South Africa – The Executive Apartment Hotel Group proudly announces the grand opening of its latest prestigious development – One Rosebank Executive Apartment Hotel developed by the leading Developer Tricolt Developments – set to welcome guests in May 2025. Perfectly positioned in the heart of Rosebank, Johannesburg, One Rosebank is a striking new landmark that redefines the standard of luxury, design, and personalised hospitality in South Africa.



<h2 class="wp-block-heading" id="h-where-luxury-meets-art-and-design">Where Luxury Meets Art and Design</h2>



One Rosebank Executive Apartment Hotel offers exceptional design and bespoke service, blending sophistication with functionality in a world-class environment. This ultra-exclusive apartment hotel promises guests an unmatched experience through curated amenities and signature spaces, including the breathtaking Skybar, the refined Epicure at One Restaurant by Multi award-winning Chef Coco Reinarhz, a fully equipped Business Centre, and the cutting-edge Trifit Gym. Residents and guests can also enjoy the Clubhouse and a serene Leisure Pool, adding to the property’s exclusive lifestyle offering, which will be completed in Phase 2.



With Rosebank Mall and The Zone just moments away, and the Gautrain station a short walk from the property, One Rosebank places guests at the centre of Johannesburg’s premier cultural, business, and entertainment district.



<h2 class="wp-block-heading" id="h-a-visionary-leader-at-the-helm">A Visionary Leader at the Helm</h2>



At the forefront of this iconic One Rosebank Executive Apartment Hotel opening is Pamela Niemand, Managing Director of the Executive Apartment Hotel Group and a visionary in the apartment hotel and property industry. Widely recognised as South Africa’s leading Apartment Hotel expert, Pamela pioneered the country’s first apartment hotel and has been instrumental in shaping the industry for over 24 years.



Pamela’s influence and leadership have been pivotal in establishing some of the most successful apartment hotel developments. Her unwavering commitment to excellence, innovation, and sustainable growth continues to elevate the Executive Apartment Hotel Group as a premier brand in the hospitality sector.



“One Rosebank is more than just a hotel – it’s a new benchmark for hospitality in Johannesburg, combining refined living, artistic design, and next-level service. It embodies our vision of real hospitality reimagined,” says Pamela Niemand.



As anticipation builds toward the grand opening in May, the Executive Apartment Hotel Group looks forward to welcoming discerning guests, corporate and leisure travellers, to this exciting new address.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="447" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/ONE-ROSEBANK-IMAGE-820x447.jpg" alt="" class="wp-image-602397" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/ONE-ROSEBANK-IMAGE-820x447.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/ONE-ROSEBANK-IMAGE-300x164.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/ONE-ROSEBANK-IMAGE-160x87.jpg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/ONE-ROSEBANK-IMAGE-768x419.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/ONE-ROSEBANK-IMAGE.jpg 1280w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>

4U3A9916 1

Introducing One Rosebank Executive Apartment Hotel – Where Luxury Meets Art and Design by Executive Apartment Hotel Group

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="533" height="800" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/DSC_Justin-Milo-0014-1-533x800.jpg" alt="" class="wp-image-602020" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/DSC_Justin-Milo-0014-1-533x800.jpg 533w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/DSC_Justin-Milo-0014-1-200x300.jpg 200w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/DSC_Justin-Milo-0014-1-60x90.jpg 60w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/DSC_Justin-Milo-0014-1-768x1152.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/DSC_Justin-Milo-0014-1-1024x1536.jpg 1024w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/DSC_Justin-Milo-0014-1-scaled.jpg 1365w" sizes="auto, (max-width: 533px) 100vw, 533px" /></figure>



By Justin Milo, Head of Trade &amp; Working Capital for South Africa at Standard Bank CIB



In the context of challenging macroeconomic conditions and a competitive business environment, companies increasingly rely on their finance and treasury functions to support business growth, manage risk and reduce costs. As a result, the modern treasurer plays a vital and dynamic role in supporting these business requirements.



At its core, the treasury function is typically responsible for managing the day-to-day liquidity requirements of a company.



This practically involves the management of cash flows in and out of the company, understanding the company’s consolidated cash position, forecasting future cash flows, as well as the implementation of programs that make the best use of surplus cash for investment and sourcing short-term working capital funding for anticipated cash flow gaps.



With increased complexity and changes in corporate practice, treasurer responsibilities have stretched to include risk management (especially exchange rate risk), capital structure optimisation, long term financing and capital raising. They also encompass treasury operations management, the implementation of treasury policies and the rollout of treasury management systems to enhance the accuracy and efficiency of the treasury function.



While cash flow forecasting, payments and collections, exchange rate risk management and yield enhancement are “bread and butter” considerations in relation to treasury management, the expectation of modern treasurers extends to other considerations. These include the mitigation of payment risk, the optimisation of working capital and the creation of efficiencies through the automation and digitisation of treasury tools. This means that there is increasing relevance of trade finance in the Treasurer’s Toolkit to meet the new expanded objectives of modern treasuries.



<h2 class="wp-block-heading" id="h-mitigating-payment-risk-and-performance-risk">Mitigating payment risk and performance risk</h2>



Payment and collections methods are typically dominated by domestic payments to suppliers and collections from customers through electronic funds transfers, debit orders, card acquiring and physical cash settlements. The use of these payment methods will vary based on business models – for example, a retailer may collect from customers via card or cash, while an insurer or mobile network operator may collect from debtors through debit orders.&nbsp;



But what about industrial companies, mines and companies in other sectors which operate on a cross-border basis? These companies have the option of cross-border payments for open account or cash-in-advance arrangements, but this doesn’t address the inherent risks faced by these companies when engaging in cross-border trade. This creates a need for financial instruments such as letters of credit which enable exporters to derisk the collection of their export proceeds and equally allow importers to structure a letter of credit to assist in mitigating performance risk.



A letter of credit (LC) is an irrevocable undertaking, issued by a bank, at the request of the applicant (importer/buyer), in favour of a beneficiary (exporter/supplier), whereby the bank agrees to make payment against bills of exchange, transportation and/or commercial documents that comply with the terms and conditions of the letter of credit. If the terms and conditions of the LC have been met, but the importer is unable to make payment, the issuing bank of the LC must honour the payment – providing payment risk mitigation to the exporter. Importers can leverage off the LC mechanism by carefully structuring the LC terms to ensure that payment is only triggered upon presentation of documents which provide evidence of performance by the exporter – providing performance risk mitigation for importers.



In cases where exporters are also concerned with country risk and/or the financial position of the issuing bank of the LC, they may opt to add confirmation to the LC. A LC confirmation is an additional undertaking by the confirming bank to make payment to the beneficiary, provided that the terms and conditions of the LC have been met – providing mitigation against bank and country risk.



<h2 class="wp-block-heading" id="h-working-capital-optimisation">Working capital optimisation</h2>



Even in cases where risk mitigation is not the main consideration, open account arrangements (domestic &amp; cross-border) may be complemented by mechanisms such as supply chain finance and working capital solutions to provide support to assist buyers and suppliers with cash flow enhancement, working capital optimisation and supply chain continuity.



A company’s working capital should be adequate to keep the business running efficiently, while continuing to serve its customers and &nbsp;maintaining strong relationships with suppliers. To manage and assess the appropriate level and efficiency of working capital, the treasurer needs to understand the drivers of working capital – accounts receivable, inventories, accounts payable and cash, and how working capital is measured.



Measures such as the Cash Conversion Cycle, Net Working Capital, net working capital intensity (NWC as % of sales) and Liquidity Ratios are all examples of measures which may be used to benchmark working capital performance against past performance, peers and competitors.



Treasurers will look to optimise the three key levers of working capital – for example, by speeding up the collection of accounts receivable, reducing the amount of working capital tied up in inventories and stretching out supplier repayment terms.&nbsp;



There are working capital and supply chain finance solutions to assist treasurers in these endeavours. For example:



<ul class="wp-block-list">
<li>A seller of goods on credit terms may wish to discount their receivables to optimise their cash position and improve their debtor collection period.</li>



<li>A buyer of goods may wish to fund their procurement and boost their cash flows through an invoice financing facility or alternatively, extend creditor payment terms through a supplier financing structure.</li>



<li>A customer in need of funding for procurement or operational expenditure while awaiting debtor proceeds may draw down on an overdraft or short-term loan to fund this working capital gap.</li>



<li>A customer with eligible receivables and inventories may opt to provide the bank with security over these current assets to support working capital drawdowns linked to the natural cycle of these current assets – this is routinely executed through borrowing base facilities.</li>



<li>Letters of credit may also be a source of liquidity and working capital in cases where the exporter opts to discount the drawings under a confirmed letter of credit to accelerate the proceeds due under the LC, provided that the terms and conditions of the LC have been met.</li>
</ul>



<h2 class="wp-block-heading" id="h-trade-finance-digitisation">Trade finance digitisation</h2>



Trade finance solutions also align with the automation and digitisation goals of treasuries through the implementation of trade finance customer platforms, alongside conventional treasury system implementations such as host to host solutions, payment platforms and treasury management systems, such as Standard Bank’s Treasury Online platform.



Working capital solutions such as overdrafts are conventionally available via electronic payment platforms, while supply chain finance solutions are typically availed to customers through Fintech platforms or bank proprietary platforms. Documentary trade solutions such as letters of credit, guarantees and documentary collections are often executed via Trade channels. Trade Online conveniently enables customers to digitally request for the issuance of an instrument, self-generate draft instruments, review credit line availability, facilitate payments and keep an eye on the transaction status throughout the transaction lifecycle.



These digital solutions aim to boost customer experience through improved turnaround times, enhanced visibility of transactional data, reduction of risk by removing manual processes and an intuitive user interface which simplifies the transaction process.



Payments and collections, cash flow forecasting, yield enhancement and exchange rate risk management are often regarded as the backbone of corporate treasury management.



However, trade finance solutions provide treasurers with an opportunity to enhance treasury performance through financial instruments to mitigate payment and performance risk, financing solutions to assist with working capital optimisation and a host of digital trade solutions to drive the efficiency of the treasury alongside other treasury tools.



<a href="https://corporateandinvestment.standardbank.com/cib/global/insights/amc2025?cid=EP_Iz3nR">To find out more about Standard Bank CIB, click here.</a>

DSC_Justin Milo 0014 (1)

Leveraging Trade Finance to Optimise Corporate Treasury Performance

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="429" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/luvuyo-820x429.png" alt="" class="wp-image-601628" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/luvuyo-820x429.png 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/luvuyo-300x157.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/luvuyo-160x84.png 160w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/luvuyo-768x402.png 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/luvuyo.png 1200w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



Standard Bank, the biggest bank in Africa by assets, has partnered with Zeda Limited for its first bond issuance since listing on the Johannesburg Stock Exchange (JSE).



Zeda Limited is Southern Africa’s leading integrated mobility solutions provider unbundled from Barloworld Group in 2022 and subsequently listed on the JSE.



Among some of its notable assets, the company boasts the short-term rental, long-term leasing and Car Sales businesses in its stable and operates the global Avis and Budget brands. Last year, Zeda reported impressive results and declared its first dividend since listing.



“We are proud to have partnered with Zeda Limited from its inception and during the unbundling. We have seen the fruits of this partnership on a first-hand basis as the company has gone from strength to strength.” says Luvuyo Masinda, CEO of Corporate &amp; Investment Banking at Standard Bank.



“Standard Bank has been instrumental in the refinancing of Zeda’s existing funding and was appointed to establish a JSE-Registered Bond Programme. This partnership culminated in the successful inaugural bond auction to access the debt capital market to diversify its funding base,” says Kaone Lekalake, Executive Vice President, Client Coverage at Standard Bank CIB.



The inaugural bond auction was exceptionally well subscribed for, with R2,36 billion of bids received across the notes on offer from a wide range of institutional investors.



This strong demand allowed Zeda to upsize the issuance to raise a total of R850 million at very favourable pricing, which cleared 5 basis points through the price guidance provided in both notes on offer. The overwhelming investor demand underscores Zeda’s robust performance and highlights the positive sentiment toward the company.



“Standard Bank are proud to have walked this journey and partnered with Zeda in accessing the Debt Capital Market. We are also pleased to have played a role in developing the market by bringing a new Issuer such as Zeda to market.” say Allister Lamont-Smith, Debt Capital Market Transactor at Standard Bank, CIB.



“We are extremely proud to partner with a bank that supports our integrated mobility strategy in Southern Africa. Funding is one of our strategic objectives, which seeks to lower cost of funding as we invest in growth pillars of the business. Zeda is confident that the first bond auction will be a key enabler to achieving this objective and will unlock value for our shareholders. We believe this is the first of many more successful collaborations,” says Ramasela Ganda, Zeda Limited Group Chief Executive Officer.&nbsp; “Companies like Zeda delivering mobility solutions across Southern Africa, illustrate what we mean when we say Africa is our home, we drive her growth,” concludes Luvuyo Masinda from Standard Bank.



About the Standard Bank Group



Standard Bank Group is the largest African bank by assets, operating in 20 African countries, 4 global financial centres and 2 offshore hubs. Headquartered in Johannesburg, South Africa, we are listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, share code SNB. Standard Bank has a 163-year history in South Africa and started building a franchise outside southern Africa in the early 1990s. Our strategic position, which enables us to connect Africa to other select emerging markets as well as pools of capital in developed markets, and our balanced portfolio of businesses, provide significant opportunities for growth.



As at 31 December 2024, Standard Bank Group had 20 million clients, employed over 50 000 people (including Liberty) and had over 1 150 points of representation and 5 500 ATMs across the African continent. The group’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 19.6% shareholding. In addition, Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deal flow between Africa, China and select emerging markets.



<a href="https://corporateandinvestment.standardbank.com/cib/global/insights/amc2025?cid=EP_bT5H1">To find out more about Standard Bank CIB, click here.</a>

luvuyo

Standard Bank Partners With Zeda Limited To Diversify Funding

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="429" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Johnathon_2-1-820x429.png" alt="" class="wp-image-601629" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Johnathon_2-1-820x429.png 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Johnathon_2-1-300x157.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Johnathon_2-1-160x84.png 160w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Johnathon_2-1-768x402.png 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Johnathon_2-1.png 1200w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



By Jonathan Muga, Global Head of Infrastructure Sector: Standard Bank Corporate and Investment Banking



When speaking about infrastructure development in Africa, it’s important to see it in context. Whereas developed nations may have enviable priorities, Africa is lagging in terms of economic growth, social wellbeing and global competitiveness. To attain our goals on these fronts, we need the necessary infrastructure – from transport networks and energy grids to digital connectivity and water systems – to carry our hopes and dreams.



However, within this challenge lies an extraordinary opportunity. If we can get our infrastructure to a fully functional level, Africa’s GDP could potentially double from the current USD3.1 trillion.



This isn’t merely theoretical – we’ve seen how strategic infrastructure investments transform regional economies. For instance, efficient port operations reduce cargo dwell times considerably, directly impacting the cost of goods and regional competitiveness. Similarly, modern rail infrastructure reduces transportation costs by up to 35% compared to road transport, creating immediate economic benefits for businesses and consumers alike.



<h2 class="wp-block-heading" id="h-the-opportunity-in-numbers">THE OPPORTUNITY IN NUMBERS</h2>



Our infrastructure challenges have not only hampered economic development, they stand as barriers to human development and social progress. The impact of this is not always easy to measure and quantify.



The economic cost, however, can be calculated. The continent has an infrastructure deficit of at least USD100 billion annually – and that’s just to address existing backlogs. Only then will it be possible to invest in growth.



Studies have shown that inadequate infrastructure reduces industrial productivity by as much as 40% on the continent. In the energy sector alone, estimates are that many African economies are losing between 1% and 4% of GDP annually due to an unreliable power supply. The water infrastructure gap is estimated to cost a further 5% of the continent’s GDP.



Water, energy and transport are typically top of mind when it comes to infrastructure. When we talk about improving healthcare delivery, we’re really talking about having reliable electricity that keeps the vaccines cold. When we discuss educational outcomes, we are also speaking about the internet connectivity that gives students access to global knowledge, as well as the safe and reliable transport systems that enable them to get to school on time.



While governments have traditionally been the primary investors in public infrastructure, the scale and complexity of today’s challenges have made it clear that public funds alone are insufficient to close the gap. In recent years, businesses, investors and multinational corporations have recognised that strategic investment in infrastructure is not only essential for long-term economic growth, but also offers substantial opportunities for innovation, returns and socio-economic impact.



<h2 class="wp-block-heading" id="h-making-inroads-one-step-at-a-time">Making inroads, one step at a time</h2>



There are promising signs. In East Africa, the private sector is already investing in power and road infrastructure in efforts that benefit both businesses and the community.



The transformation in investing in infrastructure seen across Africa is most evident in our ports, where private investment is thriving. Investors are strategically positioning themselves with “one foot in the water and one foot on land” because of the crucial role that seaports play in connecting Africa to global trade routes.



While enhancing port infrastructure is a crucial first step, it is only the beginning. The real challenges – and opportunities – lie in developing integrated transport corridors that link ports to the interior. The importance of these corridors cannot be overstated, especially when considering the transnational corridors connecting countries like the Northern corridor that runs from Mombasa port in Kenya to Uganda, Democratic Republic of Congo and onwards to Lagos in Nigeria. Another is the central corridor from Dar es Salaam port to Democratic Republic of Congo and Burundi. To unlock the full trade potential of such key transport corridors, we need efficient, sustainable ways to transport goods and passengers on rail or road.



Financing is just one aspect of such projects, though. For the Standard Bank Group, deals must not only make economic sense, they must also deliver social impact. When brokering agreements on this scale, preparation and prioritisation are crucial. This is reflected in the low number of proposed infrastructure projects that reach financial close in Africa. This isn’t necessarily due to insufficient capital, but rather to limited policies to support investor confidence and inadequate support during the project development phase, especially given the long lead times required.



It’s important to remember that infrastructure relates to living standards. Once they improve, local and intra-continental trade will grow. Agreements like the African Continental Free Trade Area undoubtedly present unprecedented opportunities, but their success depends entirely on our ability to connect African markets through robust infrastructure networks. After all, any system is only as strong as its weakest link.



Looking ahead, we need to think differently about how we approach infrastructure development. Public-private partnerships are no longer just an alternative – they are becoming a primary vehicle for delivering infrastructure. This shift necessitates a fresh perspective on project preparation, risk allocation and project financing.







Mega Projects in East Africa



<ol class="wp-block-list">
<li>Nairobi &#8211; Nakuru &#8211; Mau Summit Road PPP</li>
</ol>



WHAT: Upgrades to 232kms



WHY: Part of the Northen corridor to Uganda through Kenya’s populous Nakuru City



<ul class="wp-block-list">
<li>Nairobi Mombasa Expressway PPP</li>
</ul>



&nbsp;WHAT : Construction and tolling of 440kms



&nbsp;WHY: New northern corridor road project from Mombasa to reduce travel times by 50%



<ul class="wp-block-list">
<li>Kampala &#8211; Jinja Expressway PPP</li>
</ul>



&nbsp;WHAT: Upgrade and tolling of 77kms



WHY: Part of the Northern corridor from Jinja to Kampala



<ul class="wp-block-list">
<li>Standard Gauge Railway (SGR) – Kenya – Uganda</li>
</ul>



&nbsp;WHAT : Construction from Naivasha to Malaba (via Kisumu) and Malaba to Kampala



WHY: Rail option on the Northern Corridor



<ul class="wp-block-list">
<li>Standard Gauge Railway – Tanzania</li>
</ul>



WHAT : Construction of SGR to Kigoma across to DRC, to Burundi and Rwanda



WHY: Rail option on the Central Corridor



<a href="https://corporateandinvestment.standardbank.com/cib/global/insights/amc2025?cid=EP_e3x1c">To find out more about Standard Bank CIB, click here.</a>

Johnathon_2 (1)

It’s Time To Think Differently About Infrastructure Development

<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="820" height="538" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Visa-1-820x538.png" alt="" class="wp-image-601143" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Visa-1-820x538.png 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Visa-1-300x197.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Visa-1-137x90.png 137w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Visa-1-768x504.png 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Visa-1.png 1414w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure></div>


Digital advancements in payment technology have transformed the way we shop and transact, making these experiences seamless and efficient. Today, commerce knows no bounds, and personalized data is readily accessible. Effortless money transfers, streamlined in-app purchases, and AI-powered insights have become integral to our daily lives.



This growth is largely driven by the rise of digital payments, unleashing a wave of economic expansion across Central and Eastern Europe, the Middle East and Africa (CEMEA). Digital payments are expected to reach $36.75 trillion in total transaction value by 2029, reflecting a 15.90% annual growth rate from 2025.



However, this surge in digital payments has also opened up new avenues for fraud and scams, creating a critical need for security measures and constant consumer vigilance. Visa is committed to ensuring that digital payments passing through its networks are not only seamless, but secure.



Digital Payments Take Center Stage



The shift towards digital transactions is undeniable. From mobile wallets to online shopping platforms, digital payments have become deeply ingrained in our daily lives. This trend is reflected in Visa’s own data, with billions of transactions processed annually across its network.



The convenience of digital payments is a key factor prompting this growth, as highlighted in Visa’s recent <a href="https://km.visamiddleeast.com/en_KM/pay-with-visa/security-and-assistance/stay-secure-2025.html">Stay Secure</a> study of 5,800 adults across 17 Central and Eastern Europe, the Middle East, and Africa (CEMEA) markets, which projects a 74% increase in digital payments usage in the coming year. This is primarily driven by the sheer convenience of digital transactions: 70% of consumers find them faster and easier to use, 68% appreciate the 24/7 availability, and 60% value the ability to easily send funds to loved ones.



Empowered Consumers, Secure Transactions



Despite this positive momentum, the issue of trust remains central to the digital payments landscape’s growth trajectory. While robust security measures are essential, consumer vigilance also plays a crucial role in mitigating fraud.



Fortunately, there is a growing awareness among CEMEA consumers, with 97% having taken precautions to secure their payments. This includes avoiding suspicious links (60%), protecting login credentials (58%), and setting up transaction alerts (48%).


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="820" height="536" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Visa-2-820x536.jpg" alt="" class="wp-image-601144" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Visa-2-820x536.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Visa-2-300x196.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Visa-2-138x90.jpg 138w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Visa-2-768x502.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Visa-2.jpg 1431w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure></div>


Two-Factor Authentication: Shield Against Fraud Security is paramount, and it is reassuring to see that 83% of consumers who use digital payments feel more secure when two-factor authentication is required. This added layer of protection, whether it&#8217;s text confirmation, biometric scan, or push notification, provides invaluable peace of mind in an increasingly complex digital environment.



Securing the Future of Digital Payments



The digital era presents both immense opportunities and significant challenges. While the convenience and speed of digital payments are transforming the economic landscape, the rise in fraud and scams demands a concerted effort to enhance security and build consumer trust.



Visa plays a leading role in this effort, investing in cutting-edge technologies, advocating for responsible AI regulation, and empowering consumers through education and transparency. Through strategic partnerships and collaborative efforts – payment providers, financial institutions, businesses, and government stakeholders – we can create a digital payments ecosystem that is both secure and convenient, unlocking the full potential of the digital economy while mitigating risks.



Read the latest Stay Secure report <a href="https://km.visamiddleeast.com/content/dam/VCOM/regional/cemea/genericmena/pay-with-visa/security-and-assistance/stay-secure-2024/stay-secure-report.pdf">here</a> and visit <a href="https://km.visamiddleeast.com/en_KM/pay-with-visa/security-and-assistance/stay-secure-2025.html">VisaMiddleEast.com</a> to find out more about Visa’s Stay Secure campaign.

Visa 4_page-0001

Staying Secure in a Digital World: How Visa is Empowering Consumers

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="461" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Co-founders-from-L-to-R-Dr.-Moses-and-Petter-820x461.jpg" alt="" class="wp-image-598430" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Co-founders-from-L-to-R-Dr.-Moses-and-Petter-820x461.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Co-founders-from-L-to-R-Dr.-Moses-and-Petter-300x169.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Co-founders-from-L-to-R-Dr.-Moses-and-Petter-160x90.jpg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Co-founders-from-L-to-R-Dr.-Moses-and-Petter-768x432.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Co-founders-from-L-to-R-Dr.-Moses-and-Petter-1536x864.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Co-founders-from-L-to-R-Dr.-Moses-and-Petter.jpg 1920w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



Remos Space Systems AB, a pioneering Swedish company specializing in software-defined solutions for satellite ground operations, has successfully secured €1 million in seed funding. This significant investment is poised to accelerate the company&#8217;s global expansion, with a strategic emphasis on strengthening its presence in the African market.



A Vision Rooted in African Heritage



At the helm of Remos Space Systems is co-founder and CEO, Dr. Moses Browne Mwakyanjala, a Tanzanian-born engineer whose journey epitomizes the fusion of African heritage with cutting-edge technology. After completing his Ph.D. in software-defined radio technology in Sweden, Dr. Mwakyanjala, alongside co-founders Thilini Aracchi and Petter Lindberg, established Remos in 2021. Their mission: to revolutionize satellite ground operations by alleviating costs and complexities through scalable and automatable solutions.



Dr. Mwakyanjala&#8217;s African roots have been instrumental in shaping Remos&#8217;s strategic direction. He envisions leveraging his heritage to bridge technological gaps and foster collaborations that benefit both the company and the African continent. This vision aligns seamlessly with the recent funding, earmarked to bolster Remos&#8217;s footprint in the international market by expanding its customer base and forging partnerships on a global scale.



Innovating Satellite Ground Operations



Remos Space Systems stands at the forefront of innovation in satellite communications.&nbsp; Traditional ground stations often grapple with high costs, complexity, and rigidity, making them ill-suited for the burgeoning number of satellites expected to orbit Earth by 2030. Remos addresses these challenges by offering software-defined baseband solutions that are highly scalable and automatable. Some of the key offerings include:



<ol start="1" class="wp-block-list">
<li>Software modems for signal processing of satellite signals</li>



<li>Turnkey satellite ground stations for controlling satellites</li>



<li>Capacity building package, which offers a small-scale space agency in a box &#8211; suitable for emerging space nations, government institutions, and universities</li>
</ol>



Remos Space Systems is not just redefining satellite ground operations; it is making space technology more accessible to a broader global audience. With a diverse product portfolio, Remos offers software modems that enable efficient signal processing of satellite communications, replacing expensive hardware with flexible, software-defined solutions. These modems are compatible with a variety of satellite transceivers, supporting multiple data rates and modulation schemes to meet the needs of commercial operators and research institutions alike. In addition, the company provides turnkey satellite ground stations, offering complete infrastructure solutions for controlling and managing satellites. These ready-to-deploy stations integrate seamlessly with Remos’ proprietary modems and software, ensuring reliable, high-performance communication with satellites in orbit.



Beyond its technology offerings, Remos is also playing a pivotal role in fostering global space development through its capacity-building package, often described as a &#8220;small-scale space agency in a box.&#8221; Designed for emerging space nations, government institutions, and universities, this package provides all the essential tools needed to establish satellite operations, conduct space research, and train future industry leaders. By equipping new entrants in the space sector with cost-effective, high-quality solutions, Remos is accelerating space accessibility for regions that previously lacked the infrastructure or expertise to participate in the industry. As global demand for satellite communication and space exploration grows, Remos is positioning itself at the forefront providing not just products but the knowledge and infrastructure needed to support a new era of space innovation worldwide.



Strategic Expansion into the Global Market



Remos&#8217; strategic focus on global expansion is not just about increasing its geographical footprint; it&#8217;s a calculated move to drive sales and meet the growing demand for advanced satellite communication solutions. By establishing a presence in key markets and collaborating with international partners, Remos is positioning itself to capture a larger share of the global satellite ground station market, which is poised for significant growth in the coming years. The company&#8217;s recent mention by the National Aeronautics and Space Administration (NASA) in its latest edition of State-of-the-Art of Small Spacecraft Technology showcases the company&#8217;s increasing footprint across the globe.



Beyond strategic partnerships, Remos is focusing on innovation to fuel its global expansion. The company is set to release its software modems on cloud platforms like AWS, making satellite communications more accessible to international clients. Furthermore, Remos is investing in high-data-rate modems and advanced antenna systems, ensuring compatibility with a diverse range of satellite missions. By developing CCSDS-compliant solutions and utilizing the DIFI standard, Remos is aligning itself with global industry standards, making its offerings attractive to both commercial and government satellite operators. As the demand for efficient, cost-effective ground station solutions rises, Remos is well-positioned to capitalize on this momentum and establish itself as a dominant player in the international satellite communications market.



Dr. Mwakyanjala&#8217;s Tanzanian heritage further enriches this expansion strategy. His deep understanding of the region&#8217;s challenges and opportunities positions Remos to tailor its offerings to meet local needs effectively. By collaborating with African nations, Remos aims to not only provide technological solutions but also contribute to the continent&#8217;s socioeconomic development through improved connectivity and data access.



Driving Sales Through Innovation and Collaboration



The infusion of €1 million in seed funding is a testament to investor confidence in Remos&#8217;s vision and capabilities. This capital will be channeled into scaling operations, enhancing product offerings, and expanding the company&#8217;s global market reach.



For businesses and organizations operating in the satellite industry, Remos&#8217;s ground station products and services offer compelling advantages:



<ul class="wp-block-list">
<li>Cost-Effectiveness: By replacing traditional hardware with software-defined solutions, Remos significantly reduces operational costs. </li>



<li>Scalability: Their systems are designed to adapt to various mission requirements, from small IoT CubeSats to deep-space probes. </li>



<li>Future-Proofing: The flexibility of software-defined technology ensures compatibility with evolving satellite technologies, safeguarding investments against obsolescence.</li>
</ul>



Companies seeking to optimize their satellite ground operations will find Remos&#8217;s offerings not only innovative but also aligned with the demands of modern space missions.



A Promising Horizon



Remos Space Systems&#8217;s journey from a Swedish startup to a global player in satellite communications is a narrative of innovation, strategic vision, and cultural synergy. With Dr. Mwakyanjala and Petter Linberg&#8217;s leadership, the company&#8217;s commitment to simplifying satellite ground operations is unwavering. The recent funding milestone and planned global expansion are poised to drive sales and solidify Remos&#8217;s position as a leader in the space industry.



As the company continues to break new ground, its fusion of advanced technology with a deep respect for cultural roots serves as an inspiring model for businesses worldwide. Remos Space Systems is not just transforming satellite communications; it is building bridges across continents, fostering global connectivity, and paving the way for a more connected future. In a rapidly evolving space industry, Remos stands out as a beacon of innovation and strategic foresight, ready to meet the challenges of tomorrow with solutions that are as dynamic as they are reliable.



For more information on Remos Space Systems&#8217;s products and services, visit their official website: <a href="https://www.remosspace.com/?utm_source=chatgpt.com">remosspace.com</a>. Remos is also sponsoring the upcoming NewSpace Africa Conference 2025 in Cairo, Egypt. Interested parties are welcome to meet the company and receive real-time insights into its products and services.

Co-founders (from L to R- Dr. Moses and Petter)

Remos Space Secures €1M to Revolutionize Satellite Ground Stations

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="455" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/ABH-820x455.jpg" alt="" class="wp-image-597348" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/ABH-820x455.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/ABH-300x167.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/ABH-160x90.jpg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/ABH-768x426.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/ABH-1536x852.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/ABH.jpg 1600w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



What to expect at the 6th ABH Summit &amp; Grand Finale



Get ready for a dynamic entrepreneurial showcase as the 6th Africa’s Business Heroes (ABH) Summit &amp; Grand Finale takes center stage on 14-15 March 2025 at the Kigali Convention Center. As a flagship initiative of the Jack Ma Foundation, ABH is one of Africa’s largest and most inclusive pitch competitions, dedicated to empowering exceptional entrepreneurs with grant funding, mentorship and wide media exposure.



Returning to Kigali in partnership with the Rwanda Development Board (RDB), this year’s edition is bigger, bolder and infused with cutting-edge AI-powered experiences, thought-provoking discussions and a thrilling pitch competition showcasing Africa’s most promising entrepreneurial talent.



This year, audiences can look forward to a celebration of Africa’s entrepreneurial spirit, driven by African Intelligence. Rooted in cultural knowledge, lived experience and adaptive problem-solving, this concept has the power to shape the future of business across the continent. Aligned with this year’s theme, AI: African Innovation, Insight and Impact, ABH is set to showcase the power of African Intelligence through an unparalleled display of entrepreneurial excellence.



Here’s a closer look at what to expect.



<h3 class="wp-block-heading" id="h-ab-i-your-ai-powered-co-host">AB<ins>i</ins> – Your AI-powered co-host</h3>



Meet ABi, a revolutionary AI co-host, who will guide you through the event with real-time insights, interactive discussions and smart networking suggestions. From delivering AI-enhanced event scripts to keeping attendees engaged, ABI will ensure you stay connected to the action every step of the way.



Engaging formats and conversations on entrepreneurial solutions



On March 14th, the ABH Summit will ignite bold conversations on Africa’s most pressing challenges through the lens of entrepreneurship, featuring dynamic formats that showcase diverse perspectives and solutions. From live podcasts and debates to interactive sessions that put the audience at the heart of the experience, fireside chats and engaging AI integrations, the Summit is where visionaries will come together to shape the future.



Thought leaders from across industries, including Nick Hu, Managing Director of Healthcare at Sand Technologies; Michaëlla Rugwizangoga, World Economic Forum Global Council Member on Tourism; Mike B. Ndimurukundo, Managing Director at Andela; and many more, will share their insights on Africa’s future and how entrepreneurship is shaping change. Guided by ABH’s Official Host and the renowned broadcaster: Anita Erskine, the event promises to be an inspiring experience. Explore the full agenda here: <a href="https://africabusinessheroes.org/en/the-community/2025-abh-grand-finale">2025 ABH Grand Finale Agenda</a>.



<h3 class="wp-block-heading" id="h-the-live-pitch-competition-witness-brilliance-unfold">The live pitch competition – Witness brilliance unfold</h3>



The stage is set, and ten of Africa’s most impactful entrepreneurs will have their moment to pitch their businesses to a panel of esteemed judges, competing for their share of the US$1.5 million prize pool. With celebrated Ghanaian entrepreneur and CEO of Sand Technologies, Fred Swaniker, joining the esteemed panel alongside Ibukun Awosika, Founder of The Chair Centre Group and Dr. Diane Karusisi, CEO of Bank of Kigali, this year promises tough questions, deep insights and an electrifying showcase of entrepreneurial excellence. Here’s a glimpse of what to expect from the live pitches and the overall ABH experience: the <a href="https://youtu.be/Ke53BpArzzs?si=gjBoP1lu74j8dH4l">2023 Grand Finale recap</a> and <a href="https://www.youtube.com/watch?v=bOgKmIUwtZY&amp;ab_channel=Africa%E2%80%99sBusinessHeroes">highlights video</a>.



<h3 class="wp-block-heading" id="h-a-celebration-of-excellence">A celebration of excellence</h3>



The event will wrap up with a spectacular awards ceremony, celebrating the grand prize winner and runners-up. Watch as Africa’s next generation of business leaders take the stage in recognition of their impact.



<h3 class="wp-block-heading" id="h-your-chance-to-be-the-next-abh-hero"> Your chance to be the next ABH Hero</h3>



ABH has also announced that, the 2025 ABH competition will officially launch at the event, offering a new wave of entrepreneurs the chance to join a growing community of changemakers shaping the future of Africa.



<h3 class="wp-block-heading" id="h-be-part-of-the-future">Be part of the future</h3>



From edtech innovations to accessible healthcare, logistics solutions tailored to African needs and breakthroughs in cosmetics, agribusiness and sustainability in water and healthtech, this year’s Top 10 finalists represent a cohort that has fully embraced African Intelligence to develop standout, homegrown solutions. As they take the stage at the Grand Finale on March 15, 2025, at the Kigali Convention Centre, don’t miss this unparalleled gathering of innovators, investors and visionaries. Register now and be part of history! <a href="https://africabusinessheroes.org/en/the-community/2025-Oh,%20big-time?%20NewTimesRwanda">Register here</a>.

The Ultimate Showcase of African Entrepreneurship Returns to Kigali

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="429" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Caryba-Hair-_-Agnes-Chimanzi-820x429.jpg" alt="" class="wp-image-595640" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Caryba-Hair-_-Agnes-Chimanzi-820x429.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Caryba-Hair-_-Agnes-Chimanzi-300x157.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Caryba-Hair-_-Agnes-Chimanzi-160x84.jpg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Caryba-Hair-_-Agnes-Chimanzi-768x402.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Caryba-Hair-_-Agnes-Chimanzi.jpg 1199w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Agnes Chimanzi, Founder &amp; CEO of Caryba Hair at the FORBES WOMAN AFRICA Leading Women Summit 2024 at the Emperors Palace Convention Centre, Johannesburg, South Africa.</figcaption></figure>



Agnes Chimanzi—the Zimbabwean born visionary, founder, and CEO of Caryba Hair—is revolutionizing the hair styling industry by empowering women to express their individuality through their hairstyles.



As a key player in the global wig and hair extensions market, Caryba Hair is not only committed to providing high quality luxury wigs and hair extensions, they are creating a space for women to embrace their hair choices, while also prioritizing their own hair and scalp health.



&#8220;Hair is a powerful tool for self-expression,&#8221; Chimanzi says. &#8220;Our hair choices reflect our personal stories and shape how we feel about ourselves and how we present ourselves to the world. Whether you wear hair extensions or your natural coils and curls, the versatility of hair lies in its endless styling options.&#8221;



She continues, &#8220;It&#8217;s not about policing which hairstyles are best for women, it&#8217;s about encouraging women to love and care for their hair.&#8221;



Chimanzi details how her transformative hair journey sparked the creation of Caryba Hair:&nbsp;



&nbsp;“My hair journey began with sitting between my mother’s legs as she threaded my hair with wool, to sitting in uncomfortable salon chairs for hours, trying to keep up with the latest hairstyles of the season. It was almost guaranteed that you’d leave that salon chair with a severe headache, scalp sores and a receding hairline.”



“I wanted to create a space that offers a holistic approach to hair care, providing women with expert guidance on wig styling, maintenance, and overall hair care tips. There&#8217;s a growing demand for personalized hairstyling services and hair educational services,” she says.



Currently available online, Caryba Hair is set to expand its services to cater to women&#8217;s hairstyling needs across Africa. In the near future, Chimanzi plans to open salons in Southern Africa, providing access to professional hairstyling services and expert advice. This move will not only provide essential hair care services, but it will also create employment opportunities and stimulate economic growth in the region.



“As a young entrepreneur and aspiring medical doctor, I encourage the African youth to dare to dream and explore entrepreneurship. There is enough room for innovative ideas that can drive Africa’s growth and development.”



In addition to its business endeavors, Caryba Hair is committed to female empowerment through partnerships with organizations like the Forbes Woman Africa Leading Women Summit 2024 and Miss Teen Universe South Africa.



&#8220;We&#8217;re proud to support organizations that share our values and mission,&#8221; Chimanzi says. &#8220;Last year at the Leading Women Summit, we were honored to celebrate International Women’s Day with inspiring women. By uniting as a continent, we can amplify women’s empowerment.”



Caryba Hair is also dedicated to sustainability, recognizing the need for eco-conscious practices in the hair extensions industry.



&nbsp;&#8220;The rapid growth of the wig and hair extensions industry has led to waste problems,&#8221; Chimanzi notes.&nbsp;



&#8220;With proper care and maintenance, our wigs can last over three years without showing significant wear and tear. Because our hair extensions are made from 100% virgin hair, they are biodegradable, making them a more sustainable choice. Unlike synthetic wigs made from plastic, our wigs can be recycled and disposed of properly.”



Chimanzi adds, &#8220;As a business owner, I&#8217;m committed to sustainable practices that prioritize the environment. We all have a role to play in reducing waste and promoting eco-friendly practices.&#8221;



With a focus on customer satisfaction, Caryba Hair offers luxury wigs in a variety of textures to meet the unique needs of each customer. From lace front wigs to glueless wig options, they have something for every woman.



“Caryba Hair was created for every woman to be part of a community that celebrates them. We’re excited to see the difference we’ll make in women’s lives and society at large.”



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="800" height="800" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Caryba-Hair-logo--800x800.png" alt="" class="wp-image-595641" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Caryba-Hair-logo--800x800.png 800w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Caryba-Hair-logo--300x300.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Caryba-Hair-logo--90x90.png 90w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Caryba-Hair-logo--768x768.png 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/Caryba-Hair-logo-.png 1080w" sizes="auto, (max-width: 800px) 100vw, 800px" /></figure>



Discover more at www.carybahair.com

Caryba Hair _ Agnes Chimanzi

CELEBRATING SELF-EXPRESSION THROUGH HAIRSTYLES

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GettyImages-2194689009-820x547.jpg" alt="" class="wp-image-594517" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GettyImages-2194689009-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GettyImages-2194689009-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GettyImages-2194689009-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GettyImages-2194689009-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GettyImages-2194689009-1536x1024.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GettyImages-2194689009-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Samsung Galaxy S25 smartphones during a media event ahead of Galaxy Unpacked in New York, US, on Thursday, Jan. 16, 2025. Samsung Electronics Co. is banking on an artificial intelligence overhaul and tweaked hardware designs to sell its new line of Galaxy S25 smartphones. Photographer: Yuki Iawmura/Bloomberg via Getty Images</figcaption></figure>



Galaxy AI Integrates AI Agents, Allowing Businesses to Perform Complex Tasks Across Apps, Services &amp; Even Devices



JOHANNESBURG, South Africa – 6 March 2025 – In today&#8217;s fast-paced and demanding work environment, businesses are looking for ways to simplify how they perform complex tasks. These intricate tasks can vary and involve anything from navigating multiple steps or business processes, dependencies, resources, stakeholders and uncertainties.



Samsung Galaxy S25 series has now set the standard for what an AI-enabled phone can do as a true AI companion. Galaxy AI capabilities are now able to integrate AI agents allowing businesses to perform complex tasks across apps, services and even devices.



Together with Google, Samsung is reshaping the future of Android and evolving it into the revolutionary AI-integrated OS1. This integrated collaboration is able to unlock powerful AI experiences that integrate diverse AI agents, such as Bixby, Gauss, Gemini, Chat GPT and Co-pilot. Samsung worked closely with Google to provide this latest, most cutting-edge AI innovations on Galaxy S25 series through One UI 72.



This partnership, which started from a very early development stage, introduces native integration of Gemini on Galaxy devices for the first time and transforms the Galaxy AI experience to be more intuitive through multimodal capabilities. Businesses can now look forward to Gemini &#8211; an innovative feature that performs seamless actions across multiple apps, so every task takes fewer steps.



To top this off – Intuitive, personalised AI is redefining how Samsung interacts with the world with the most natural, context-aware and personalised experiences. The Galaxy S25 series now also comes with up to six-months free access to Gemini Advanced. The direct business benefit of Gemini Advanced feature is that it comes with Samsung’s most capable AI models and priority access to the newest features like Gems, custom AI experts for any topic and Deep Research, which acts as your personal AI research assistant.



It is very clear from these ground-breaking business features that Samsung aims to deliver an optimised AI experience by leveraging a variety of these incredible AI agents effectively. The Galaxy AI platform introduced with Galaxy S25 series has now been optimised for AI from the framework level, allowing various AI agents to effortlessly control multiple apps. These AI agents are able to work seamlessly in the background to perform tasks tailored to the user’s needs, simplifying complex business tasks.



Many of these innovative Gemini features included in Galaxy S25 were developed to ensure an optimised user experience – thanks to the incredible collaboration that was formed with Google from the early stages. Bixby, Samsung’s voice-based AI agent specialised in device control, will now also play a pivotal role in advancing Home AI by enabling more intuitive and effortless control of Galaxy devices, as well as seamless connectivity and management of Samsung products like TVs and home appliances.



But, it does not end there. Samsung knows just how important data privacy and safety is to businesses. That is why it has also built a broader AI ecosystems with AI-integrated OS. The cloud-based AI security features, enhanced in collaboration with Google, uphold the highest standards of data privacy and give you the choice to enable or opt out of Google Gemini.



Users can now choose whether to enable Google Gemini or opt out based on their preferences. This cloud-based AI security feature now ensures that user input data is immediately deleted as soon as the output is created. No personal information is accessed without authorisation.



And then, there’s the remarkably seamless actions across apps/Gemini Live feature that is able to achieve the most cutting-edge AI experiences on Galaxy S25 series. In this case as well, Samsung has worked closely with partners that include both Google and Qualcomm to enhance AI capabilities and boost device performance.&nbsp;Together, these partners have been able to bring Gemini and Gemini Live to Galaxy S25 series, making it simpler for businesses to not only perform complex tasks, but also be context-aware.&nbsp;



The Multimodal Search, on the other hand is a new mobile search experience based on Galaxy S25 series’ capacity to interpret text, voice, images, video and even gestures. Businesses can now stop searching and instead be able to start finding more of what they want. The all-enhanced Circle to Search3 feature now understands the context of everything on your screen to anticipate your needs. It transforms the way we use devices with a new conversational, multimodal user interface, now introduced on Galaxy S25 series.



Galaxy AI is now integrated naturally into every touch point of the interface and with One UI 7, Samsung has created an experience where every interaction feels effortless.&nbsp;Also, complemented by AI Select that is built mainly for contextual search – it now suggests solutions, next actions and useful information based on what’s on your screen – all of this without having to manually activate relevant apps.



And furthermore, the barrier-breaking communication capability that is able to record and analyse calls with on-device transcript and AI summary for calls + on-device transcript and AI summary – allows businesses to communicate freely across countries with increased language support. And with the introduction of Samsung’s innovative Galaxy AI – this comprehensive artificial system is now able to not only enhance but elevate individual and business experiences across their Galaxy devices.



Importantly, Samsung’s Galaxy AI vision remains. The global electronics giant seeks to democratise the benefits of mobile AI innovation so that its business users can enjoy barrier-free communication, maximise their productivity, unleash creativity and better track their health in their daily lives.



Availability



The Galaxy S25 series is available for official retail sale in South Africa. Galaxy S25 Ultra comes in the following colours4 in Titanium Silverblue, Titanium Black, Titanium Whitesilver and Titanium Gray. Galaxy S25 and Galaxy S25+ is available in Navy, Silver Shadow, Icyblue and Mint4. South African customers can purchase the Galaxy S25 series through Samsung’s official online store, Samsung Shop App and participating retailers &amp; network operators.

Samsung’s Galaxy Unpacked Product Launch Event

Elevate Your Business With Galaxy S25

<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="820" height="565" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201984903-1-820x565.jpg" alt="" class="wp-image-591372" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201984903-1-820x565.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201984903-1-300x207.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201984903-1-131x90.jpg 131w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201984903-1-768x529.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201984903-1-1536x1058.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201984903-1-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">LAGOS, NIGERIA &#8211; FEBRUARY 25: John Legend performs onstage during Global Citizen Move Afrika: Lagos at The Palms on February 25, 2025 in Lagos, Nigeria. (Photo by Jemal Countess/Getty Images for Global Citizen)</figcaption></figure></div>


This year’s Move Afrika Tour Expands from East to West Africa, Pioneering the Music Touring Circuit for International Artists, Employing 90 Percent Local Crews in Kigali and Lagos, Generating Economic Investments, and Driving Action to Strengthen Africa’s Healthcare Systems



Lagos, February 25, 2025 // Global Citizen’s Move Afrika tour has come to Lagos, Nigeria for the first time, with an unforgettable evening of music and citizen-led advocacy, headlined by EGOT-winning, critically acclaimed, multiplatinum artist and producer John Legend. Move Afrika: Lagos was hosted by media personality Ebuka Obi-Uchendu and featured performances by Simi and DJ Consequence, backdropped by creative work from local designers and artisans. This was the second instalment of Move Afrika, an ambitious initiative to pioneer the pan-African music touring circuit for international artists.



John Legend gave the sold out Lagos show an incredible headline performance, which featured some of his greatest hits, including ‘Ordinary People’, ‘PDA’, ‘Green Light’, ‘All of Me’ and ‘Refuge’, where he was joined on stage by Simi. “It’s been too long, I’ve missed you all,” he said. “We’re thankful to Global Citizen and Move Afrika for bringing us back here. We belong together, Lagos. I’m so happy we’re together tonight.” Throughout the set, he wore outfits by local designers Eleven Sixteen and Orange Culture, as well as a backstage look by Emmy Kasbit. The backing vocalists also wore local designers Elexiay and Wanni Fuga.



“Adding a second location to the Move Afrika tour this year is a major step in the direction of establishing the pan-continental music touring circuit that both international and local artists will leverage for years to come. It’s this kind of incremental growth by which, year after year, we’ll continue pioneering and pushing our vision towards reality,” said Hugh Evans, Co-Founder &amp; CEO, Global Citizen. “Nigeria has an incredibly rich musical heritage, a well established local entertainment industry, and a cultural influence that reverberates right across the globe. We are honored to have added Nigeria to the Move Afrika tour, and look forward to returning for the years to come.”


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="820" height="558" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201989928-820x558.jpg" alt="" class="wp-image-591325" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201989928-820x558.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201989928-300x204.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201989928-132x90.jpg 132w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201989928-768x523.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201989928-1536x1045.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201989928-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">LAGOS, NIGERIA &#8211; FEBRUARY 25: Simi performs onstage during Global Citizen Move Afrika: Lagos at The Palms on February 25, 2025 in Lagos, Nigeria. (Photo by Jemal Countess/Getty Images for Global Citizen)</figcaption></figure></div>


Launched in 2023, Move Afrika is a long-term effort to pioneer the international music touring circuit throughout the continent of Africa, with a dedicated focus on driving economic investment, expanding infrastructure and



building local capacity within host cities, creating local jobs, generating skill training and youth entrepreneurship opportunities, and showcasing the best of African creative talent to the world.



Additionally, international advocacy organization Global Citizen is leveraging this year’s Move Afrika tour to drive a citizen-led advocacy campaign focused on strengthening health systems across Africa. During pre-show activations in both Kigali and Lagos, where participants earned free show tickets, Global Citizen urged African nations to increase domestic health financing, prioritize primary care and sexual and reproductive health and rights, boost global investments in health resilience, and alleviate financial burdens on nations to strengthen public health.



This year, Move Afrika took groundbreaking steps by delivering world-class shows working with both local Nigerian and Rwandan crews. Move Afrika: Lagos was delivered with 90 percent local crew, and more than 95 percent local equipment, demonstrating Nigeria’s continent-leading role in delivering world class productions. Local vendors who partnered with Global Citizen to make Move Afrika: Lagos possible include: Sole Empire, Pro Audio Nigeria, ITMS Limited, Cytech World Communication, Equally Diverse Solutions Ltd., Massive Dynamics, Event Design Studio, IDCL NG, The Greenroom Nigeria and Purple Fire.


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="820" height="558" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201985776-820x558.jpg" alt="" class="wp-image-591352" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201985776-820x558.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201985776-300x204.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201985776-132x90.jpg 132w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201985776-768x522.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201985776-1536x1044.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201985776-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">LAGOS, NIGERIA &#8211; FEBRUARY 25: John Legend performs onstage during Global Citizen Move Afrika: Lagos at The Palms on February 25, 2025 in Lagos, Nigeria. (Photo by Jemal Countess/Getty Images for Global Citizen)</figcaption></figure></div>


As the first stop on the tour just a few days ago in Rwanda, Move Afrika: Kigali increased its local crew from 75 percent in 2023 to 90 percent this year, significantly increased locally-sourced technical production, saw local crew members working alongside international technical teams to stage the show, and showcased Rwandan creative excellence through the work of local artisans, including members of the Nyamirambo Women’s Center, who crafted traditional Agaseke peace baskets to complete the dynamic set design.



In the lead up to tonight’s Move Afrika show, Global Citizen hosted the Stride for HER Rights Maternal Healthcare Walkathon, in partnership with the Lagos State Government, the Lagos Ministry of Health, and the Ministry of Tourism, across Lagos’s iconic Lekki-Ikoyi Link Bridge. The walkathon saw thousands of Global Citizens, leaders from civil society and government representatives from across the region participate, including Women at Risk International Foundation (WARIF), Wellbeing Foundation Africa (WBFA), Nigerian Solidarity Support Fund (NSSF), and HelpMum, with all groups calling for enhanced maternal and child healthcare services nationwide. The advocacy event amplified awareness of the vital role of community health workers, calling for increased healthcare funding towards sexual reproductive health rights, and championing the need for equitable access to maternal and neonatal healthcare services across Nigeria. Those who completed the walk earned tickets to Move Afrika: Lagos.



Earlier in Kigali, over a thousand Rwandans joined Global Citizen for the Together for a Healthier Community initiative, focusing on women’s and youth health, in partnership with the Ministry of Health, Rwanda Biomedical Center, Imbuto Foundation, and Kimisagara Youth Center. The event featured a mobile health clinic offering free sexual and reproductive healthcare, education, and community activities to raise awareness and improve access to services. Local musician Plantini performed, and Dr. Yvan Butera, the Rwandan Minister of State for Health, gave a keynote address. The initiative aimed to address healthcare access barriers like distance, cost, and lack of awareness. Participants who attended today’s event had the chance to earn free tickets to Move Afrika: Kigali.


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="820" height="565" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201988312-820x565.jpg" alt="" class="wp-image-591354" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201988312-820x565.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201988312-300x207.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201988312-131x90.jpg 131w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201988312-768x529.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201988312-1536x1059.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/2201988312-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">LAGOS, NIGERIA &#8211; FEBRUARY 25: Musician performs onstage with Simi during Global Citizen Move Afrika: Lagos at The Palms on February 25, 2025 in Lagos, Nigeria. (Photo by Jemal Countess/Getty Images for Global Citizen)</figcaption></figure></div>


To coincide with Move Afrika: Lagos, the Music Economy Development Initiative (MEDI) was launched to bring together a diverse coalition with the goal of unlocking the economic potential of music across Africa and beyond. MEDI will serve as the definitive source of research and data, highlighting the global economic potential of music, while fostering partnerships that drive policy reform, investment, and collaboration. The initiative&#8217;s launch coincided with the inaugural Music Policy Assembly in Lagos, Nigeria, taking place the day prior to the Move Afrika event. The Assembly brought together experts from across the continent to discuss crucial topics such as copyright, live music, and investment. Additionally, the Assembly hosted the unveiling of MEDI’s first position paper, ‘We Need Tracks Before We Have Trains,’ co-authored by former Chief Economist of Spotify, Will Page.



Partners of Move Afrika include pgLang, Glenfiddich and Pepsi. Global Citizen is grateful for the support of leading media companies including: Bella Naija, City Radio, Eagle Production, EIB Network, News Central TV, TV Continental, Radio Flash, Royal FM, Upscale Media and Vanguard Media.



The 2025 edition of Move Afrika builds on Global Citizen’s previous campaigns and events across Africa, including the 2023 edition of Move Afrika: Rwanda, headlined by Kendrick Lamar; Global Citizen Festival: Mandela 100, which featured Beyoncé, Jay-Z, Ed Sheeran, Usher, Eddie Vedder, and Chris Martin of Coldplay in Johannesburg, South Africa, in 2018; Global Citizen Live: Lagos, with performances by Davido, Femi Kuti, and Tiwa Savage at Fela Kuti’s New Afrika Shrine in 2021; and Global Citizen Festival: Accra, which brought Usher, SZA, Stormzy, and TEMS to the Black Star Square in 2022.



For more information visit <a href="http://moveafrika.org/">moveafrika.org</a>.

Global Citizen Move Afrika: Lagos

John Legend Headlines Sold-Out Move Afrika Tour, Brings Spectacular Show to Lagos, Hosted by Ebuka Obi-Uchendu, Featuring Simi, DJ Consequence, and More

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2048" height="1364" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/02/FIC-500-scaled.jpg" alt="" class="wp-image-590954" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/02/FIC-500-scaled.jpg 2048w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/FIC-500-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/FIC-500-820x546.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/FIC-500-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/FIC-500-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/02/FIC-500-1536x1023.jpg 1536w" sizes="auto, (max-width: 2048px) 100vw, 2048px" /><figcaption class="wp-element-caption">Finance in common/Bancoldex </figcaption></figure>



&nbsp;In 2025, the global economic landscape faces significant challenges, including rising public debt, inflation, and geopolitical tensions. As nations grapple with these complexities, the world is also witnessing a historic milestone: for the first time in history, an African country holds the G20 presidency. South Africa’s leadership comes at a crucial juncture when the world’s financial system is under intense scrutiny. This milestone not only highlights Africa’s increasing influence on the global stage but also underscores the urgency of addressing the continent’s pressing financial needs, particularly in infrastructure development and job creation, climate adaptation, and digital transformation. South Africa’s leadership, in the context of these challenges, is poised to drive innovative financial solutions.



One of the key events that will take place during this momentous year is the Finance in Common Summit (FiCS) 2025, which will be hosted in Cape Town from February 26 to 28. This summit, held alongside the G20 meetings, is expected to bring together public development banks (PDBs) and global financial leaders to discuss new approaches and solutions to the current financial crises. Since its inception in 2020, FiCS has served as a crucial platform to set a new, efficient, sustainable and at-scale global financial architecture. With the world navigating increasing uncertainty, FiCS 2025 is set to provide concrete solutions to some of the most pressing challenges in global finance.



Cape Town as a symbol of Africa’s leadership in development finance



With a predicted growth of more than 4%, Africa should experience this year growth close to that of Asia. Cape Town’s selection as the host city for FiCS 2025 is a powerful symbol of Africa’s growing influence in global development finance. As one of the continent&#8217;s most dynamic and cosmopolitan cities, it represents a hub of innovation, economic activity, and financial resilience. This is particularly significant given the increasing role of African nations such as South Africa, Nigeria, and others in shaping global financial discussions.



With South Africa’s leadership on the international stage—exemplified by its G20 presidency—Cape Town stands as a beacon for Africa’s ambition to drive inclusive and sustainable economic growth. The city’s vibrant economy, bolstered by innovation and financial infrastructure, makes it an ideal setting to discuss development finance.



As the continent continues to experience rapid economic growth, Cape Town epitomizes Africa’s commitment to not only addressing environmental challenges but also seizing the opportunity to position itself as a leader in global economic governance. The city’s selection reflects Africa’s broader ambition to strengthen its voice in development finance, positioning the continent as a key player in the global financial ecosystem.



Development banks: anchors of stability and drivers of sustainable growth



The FiCS 2025 Summit is co-organized by the Development Bank of Southern Africa (DBSA) in collaboration with the Asian Infrastructure Investment Bank (AIIB), and supported by the French Development Agency (AFD Group). This strategic partnership highlights the international scale of the event, aimed at bringing together PDBs from all over the globe.



FiCS gather 536 PDBs operating in 155 economies. Taken together, they represent a total of 23 trillion dollars in assets worldwide and inject around 2.5 trillion dollars into the economy every year, which is about 10% of annual global financing. As counter-cyclical investors, they play a critical role in maintaining economic stability, ensuring liquidity even in times of crisis. Beyond stability, PDBs act as catalysts for private capital, de-risking strategic projects to attract investment. Their focus on long-term financing, particularly in infrastructure and the green transition, positions them as key enablers of sustainable growth. At the same time, their support for SMEs and innovation fosters economic dynamism and job creation. Through global cooperation, PDBs also help align financial flows with development and climate goals, reinforcing their influence in shaping the future of finance.



In these uncertain times, the commitment of public banks is essential, as they have a dual mandate. On the one hand, they support national development strategies by supporting the fight against poverty, growth and job creation in synergy with states. On the other hand, they bear an international responsibility by contributing to the protection of global public goods, particularly in terms of climate and biodiversity. By joining forces, as the DBSA, AIIB and AFD are doing at this summit, these institutions can really make a difference in transforming development finance and ensuring a lasting impact on a global scale.



Shaping global development finance and multilateral solutions



The discussions at the FiCS 2025 Summit will focus on leveraging the capabilities of PDBs to strengthen global development finance, with a particular emphasis on three priorities: climate finance, inclusive finance to help tackle inequalities and financing digital infrastructures.



FiCS 2025 will bring together over 2,000 participants, including CEOs of PDBs, representatives from international organizations, government officials, private sector leaders, regulators, philanthropies and civil society groups. Scheduled back to back with the first G20 Finance Ministers and Central Bank Governors meeting under South Africa’s presidency, the summit offers a prime opportunity to align discussions on development finance with broader global economic governance.



With such a diverse array of stakeholders, FiCS 2025 will underscore the pivotal role of PDBs in tackling urgent global challenges. Key conversations will focus on fostering collaboration between public and private sectors to design innovative financial instruments and strategies that address the evolving needs of the global economy. The summit will also highlight PDBs as key actors in driving multilateral solutions to these complex issues.



The coalition for sustainable development through sport



This edition of FiCS will not only reinforce the strategic importance of PDBs in global finance but also demonstrate their versatility in tackling development challenges across a wide range of sectors. One of the flagship initiatives at FiCS 2025 will be the Coalition for Sustainable Development through Sport, which underscores the expanding role of PDBs beyond traditional sectors.



Launched at the 2020 FiCS Summit, this initiative calls on development banks to harness the power of sport as a catalyst for advancing the Sustainable Development Goals (SDGs). The coalition has already committed $10 billion by 2030 to fund sustainable and inclusive sports infrastructure, particularly in underserved communities where such investments can drive broader social and economic benefits.



By integrating sport into the development finance agenda, the coalition highlights the adaptability of PDBs in fostering progress across multiple sectors, including health, education, and social cohesion. At FiCS 2025, discussions will focus on scaling up these efforts, identifying innovative financing mechanisms, and unlocking new opportunities to use sports as a driver of inclusive economic growth.



The FiCS PDBs reference book: a milestone in development finance



A key highlight of FiCS 2025 will be the unveiling of the FiCS PDBs reference book, scheduled for release in a complete version by June 2025 during the Seville conference on Development. This publication, co-produced by the FiCS Secretariat, the French Development Agency (AFD), and the World Bank Group, offers a comprehensive analysis of the growing role of public development banks (PDBs) in global finance. Drawing on data from the FiCS PDB database, the book delves into the impact of PDBs on financing the SDGs, addressing inequality, promoting sustainable growth, and enhancing economic resilience.



The FiCS reference book will serve as an essential resource for policymakers, financial institutions, and other key stakeholders seeking to understand the evolving role of PDBs in driving sustainable development. Through detailed case studies and expert insights, it emphasizes the importance of governance, financial sustainability, and international cooperation in maximizing the effectiveness of PDBs.



2025 is set to be a pivotal moment for development finance



FiCS 2025 comes at a time of growing global economic uncertainty, positioning the summit as a vital platform for addressing the challenges in development finance. It will offer a space for stakeholders to explore strategies for improving financial governance, refining regulatory frameworks, and building investor confidence in emerging markets. With economic pressures mounting worldwide, FiCS 2025 will be a crucial moment to mobilize resources, close financing gaps, and scale up transformative policies aimed at driving inclusive, sustainable growth.



As the world continues to confront the complex challenges of the 21st century, development finance institutions like PDBs will remain central to efforts aimed at building a more resilient and equitable global economy. FiCS 2025 will mark a critical step forward in this ongoing process.

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