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African Development Bank approves $310 million financial package for FirstRand Bank to scale up lending to MSMEs, women entrepreneurs and agribusinesses in South Africa
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The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $310 million financial package to FirstRand Bank, one of the largest financial institutions in Africa. This support will significantly increase access to finance for micro, small, and medium-sized business enterprises (MSMEs), with a particular focus on women-led businesses and agribusinesses in South Africa.
FirstRand Bank is a wholly owned subsidiary of the FirstRand Group.
This comprehensive financing package demonstrates the African Development Bank's continued support for private-sector-led growth and its confidence in FNB, FirstRand's leading commercial banking franchise, to support South Africa's socio-economic transformation and inclusive growth, particularly through empowering women entrepreneurs and agricultural businesses nationwide.
The package comprises three strategic components: a $200 million line of credit for on-lending to MSMEs across various sectors; a $100 million gender-focused line of credit dedicated to women-led and women-owned MSMEs; and a $10 million concessional line of credit from the Agri-Food SME Catalytic Financing Mechanism targeting women-owned agricultural small business enterprises.
“This approval highlights the African Development Bank's dedication to bolstering the private sector and fostering inclusive economic growth in South Africa,” said Kennedy Mbekeani, African Development Bank's Director General for Southern Africa. “By channeling these resources through FirstRand and, in particular, its commercial banking franchise, FNB, we are working with trusted partners with extensive reach to ensure that MSMEs —particularly those led by women —have access to the capital they need to grow, create jobs, and contribute to South Africa's economic development.”
A defining feature of this approval is its strong gender focus: $110 million — more than one-third of the total financial package – is explicitly earmarked for women MSMEs. This intentional gender approach aligns with AfDB's Affirmative Finance Action for Women in Africa (AFAWA) and the Agri-Food SME Catalytic Financing Mechanism (ACFM) initiatives, demonstrating AfDB's commitment to closing the gender financing gap in Africa.
The concessional funding is, by design, ring-fenced for women-owned small business enterprises operating in South Africa's agriculture sector to significantly increase their access to affordable credit on favorable terms. Most smallholder farmers in South Africa remain excluded from accessing bank credit, yet they make up a significant proportion of the farming population.
The Financial Package will be complemented by technical assistance and Performance-Based Incentives from ACFM and AFAWA initiatives of the African Development Bank. The Technical assistance packages are intended to enhance the bankability of women-led/owned small business enterprises; support FNB's (FirstRand's commercial banking franchise) agriculture offerings; and explore alternative credit scoring.
“The approval of this financing package represents a significant milestone and elevation of this impactful partnership between the African Development Bank and FirstRand. It demonstrates both institutions' shared commitment to driving inclusive economic growth and empowerment of the heavily credit-deprived business communities of South Africa by deliberately channeling credit to women entrepreneurs and smallholder farmers”, stated Ahmed Attout, Director of the Financial Sector Development Department at the African Development Bank
“MSMEs are significant contributors to South Africa's economic growth, supporting job creation and community upliftment. FirstRand's commercial banking arm, FNB, has demonstrated a strong track record in providing capacity to women-owned businesses and small businesses in the agricultural sector, which in turn supports community development,” said Bhulesh Singh, FirstRand Group Treasurer.
This operation aligns with the African Development Bank's Four Cardinal Points development priorities. It also supports the Bank's Ten-Year Strategy (2024-2033), which focuses on inclusive growth, private sector development, and gender equality.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).About the African Development Bank Group:
The African Development Bank Group is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org
Egyptian companies mark continued participation at Big 5 Global, strengthening resilient supply chains for construction and infrastructure growth
- Over 65 countries exhibit, with 70% of solutions being international, connecting Egypt's construction stakeholders to global suppliers and technology providers
- Over 2,800 exhibitors showcase low-carbon solutions, modular builds, energy-efficient systems and prefabrication methods that reduce waste and improve resource use
Across the Middle East, Africa and South Asia, urbanization is reshaping economies at unprecedented speed. With more than half the world's population now living in cities, a figure expected to reach nearly 68% by 2050, according to the United Nations (https://apo-opa.co/4oHeBj9), developing regions such as Egypt are accelerating urban transformation through ambitious construction goals, including the development of fourth-generation cities (https://apo-opa.co/4oHeDHN), sustainable infrastructure and inclusive housing to accommodate rapid urbanization and economic growth. As project volumes grow, industry leaders are turning to Big 5 Global (www.Big5Global.com) to explore technologies and solutions that strengthen construction supply chains, improve technological efficiency and advance sustainability.
Bringing together participants from over 165 countries, with 70% solutions from international companies, Big 5 Global connects Egypt's construction and urban development ecosystem to a global network of suppliers, manufacturers and technology providers.
“Egypt continues to expand its construction, infrastructure and urban development ambitions and Big 5 Global provides a great opportunity for local and international stakeholders to connect, explore solutions and enhance project delivery,” said Ahmed Abdel Fattah, Executive Director, Export Council for Building Materials, Refractory & Metallurgy Industries. “Our continued participation highlights the growing role of Egyptian companies in delivering tailored, sustainable and technologically advanced construction solutions that meet the country's modernization goals.”
Strengthening global supply chains for project efficiency
Big 5 Global brings together 2,800 exhibitors and over 60,000 products, services, systems and solutions from around the world, supporting efficient, reliable project delivery.
International pavilions from Germany and Italy return with expertise in advanced materials, including high-performance concrete, cement, marble and stone systems, while India expands its footprint with advanced MEP and smart construction solutions for large-scale projects across the Middle East and Africa. Returning pavilions, Austria and Pakistan, showcase export-ready innovations in modular builds, interiors and MEP systems designed to reduce costs and streamline delivery. Additionally, exhibitors from Armenia, Croatia, Hungary, Jersey, New Zealand, Norway and Serbia further broaden sourcing options for buyers seeking diversified and reliable supply routes.
As supply networks evolve to meet regional demand, technology is driving the next phase of efficiency in project delivery and procurement.
Technology transforming procurement and project delivery
Digitalization is transforming how projects are procured, managed and executed. At Digital Construction World, global exhibitors including Autodesk, Nemetschek Group, Odoo, Premier Construction Software, Procore Technologies, RIB Software and Trimble showcase technologies that enhance visibility and efficiency across the supply chain. Odoo integrates procurement, HR and operations into a single suite, reducing redundancies; Premier Construction Software simplifies cost tracking and project management; Trimble leverages automation to cut site rework by up to 25%, directly improving delivery times and project profitability; and Meter Technology demonstrates its fully integrated digital solution that transforms surveying and engineering, eliminating decades-old inefficiencies.
Eng. Ahmed Al-Ansary, Chairman, Founder & CEO of Meter Technology, commented: “Meter transforms surveying and engineering from traditional to tech-driven. As the world's first fully integrated digital platform, we've eliminated decades-old inefficiencies. Our AI-powered system completes complex projects within 48 hours with exceptional precision across nine countries. Big 5 Global offers the opportunity to connect with industry leaders and explore sector development worldwide under ‘From the UAE to the World', where geospatial and engineering digital innovation forms the foundation of real estate sustainability.”
Sustainable manufacturing and smarter material supply
International exhibitors are also rethinking how materials are produced, transported and reused to reduce environmental impact while improving long-term value.
China's new Eco-Friendly Zone is built entirely from recyclable materials and features solutions for low-carbon construction, showcasing how sustainability can be integrated throughout the supply chain.
Among key participants, Grundfos Gulf Distribution leads with energy-efficient pumping systems that reduce water and energy use in commercial and industrial facilities. Deewan Equipment Trading LLC introduces modular and precast manufacturing plants that cut onsite waste and shorten construction schedules through prefabrication. Hitech Concrete Products showcases precast hollow-core and insulated wall systems designed for thermal efficiency and reduced raw material consumption, advancing sustainable construction practices across the region.
GF, a leading provider of MEP solutions and sustainable building technologies, returns to Big 5 Global to showcase its advanced systems that support efficient construction workflows and environmentally responsible project delivery. "The region is pursuing one of the world's most ambitious development programs, where sustainable water management is key to realizing this vision. GF is uniquely positioned to support this progress through its comprehensive solutions portfolio, our local presence including manufacturing, offsite-manufacturing and customer experience facilities, long-standing regional partnerships and dedicated teams who understand the market's unique challenges," said Michael Rauterkus, Executive Committee member of GF and President of GF Building Flow Solutions.
These contributions highlight how collaboration with global manufacturers helps the UAE advance smart cities and net-zero goals.
“Big 5 Global continues to connect international manufacturers and regional stakeholders, helping strengthen construction supply chains and advance sustainable growth across the built environment,” said Josine Heijmans, Vice President, dmg events. “As the UAE accelerates towards its smart city and net-zero goals, these international partnerships bring practical, scalable solutions that support project efficiency, quality and delivery.”
Big 5 Global is supported by leading sponsors and partners, including Ministry of Energy & Infrastructure, Dubai Civil Defense, Ministry of Economy and Tourism, Dubai Municipality, Department of Municipalities and Transport, Ras Al Khaima Municipality, Riyadh Region Municipality, Meter Technology, Schüco, Alumil, Italian Trade Agency, Arabian Gulf Steel Industries (AGSI), GF, Dubai Investments Park, Würth Professional Solutions, MIE Groups, Daikin, Hisense, TCL, Gulf-O-Flex, DAC Group, DeWalt, Nassar Stone and Nemetschek Group.
Distributed by APO Group on behalf of Big 5 Global.For media inquiries, please contact:
Deepra Ahluwalia
Action PR
deepra.a@actionprgroup.com
971 56 477 0995
Nour Ibrahim
Action PR
nour.i@actionprgroup.com
971 54 425 0187
Khushie Mallya
PR Executive
Construction, dmg events
khushiemallya@dmgevents.com
Ranju Warrier
Head of PR & Communications
Construction, dmg events
ranjuwarrier@dmgevents.com
About Big 5 Global:
With a 45-year legacy, Big 5 Global is the largest and most influential building and construction event in the Middle East, Africa and South Asia and the annual meeting hub for the global construction industry. Taking place from 24 – 27 November 2025, at the Dubai World Trade Centre, Big 5 Global attracts more than 85,000 global attendees from over 165 countries and 2,800 exhibitors to UAE covering the full construction and urban development cycle across dedicated sectors and nine specialized events enabling industry professionals to source worldwide building solutions for every stage of construction: Heavy, Totally Concrete, Marble & Stone World, Urban Design & Landscape, Windows, Doors & Facades, HVACR World, LiveableCitiesX, GeoWorld and Future FM.
For more information and to register, visit: www.Big5Global.com
Africa Day at 30th Conference of the Parties (COP30): Advancing Sustainable Financing for a Green and Resilient Future
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Africa marked Africa Day at COP30 under the theme “At the Forefront of Climate Action: Sustainable Financing for Inclusive and Resilient Green Growth,” reaffirming the continent's united call for a new era of climate finance that delivers for people, planet, and prosperity.
The event, held in Belém, brought together ministers, development partners, and representatives from the African Union Commission (AUC), the United Nations Economic Commission for Africa (ECA), the African Development Bank Group (AfDB), and Afreximbank, alongside civil society and youth representatives.
Ten years after the signing of the Paris Agreement, the global community faces a critical reckoning: climate pledges have yet to match reality. Global warming targets remain off-track, financing falls short, and the gap between promise and delivery continues to widen. For Africa — home to 20 percent of the world's carbon sinks, responsible for less than four percent of global greenhouse gas emissions, yet receiving under 10 percent of adaptation finance and only three percent of total climate funding—the consequences are existential.
Building on the Second Africa Climate Summit (ACS2) and the Addis Ababa Declaration on Climate Change and Call to Action, Africa Day at COP30 amplified the continent's message: climate finance must work for Africa.
H.E. Moses Vilakati, AUC Commissioner for Agriculture, Rural Development, Blue Economy and Sustainable Environment at Africa Day, gave a message reaffirming Africa's united negotiating stance and leadership on climate justice.
“Africa speaks with one voice bold, united, and leading on climate justice. From Africa to Belém, Africa stands united in purpose and action reaffirming its leadership on climate justice, grounded in equity and the principles of common but differentiated responsibilities,” he declared, adding:
“We are not passive recipients of the global transition but active architects of fair, inclusive, and African led climate solutions that shall shape a fair and green global future.”
Discussions focused on mobilising sustainable, equitable, and innovative finance to accelerate Africa's green industrialization. Leaders highlighted that the continent's future lies in leveraging its abundant natural resources for value addition and local manufacturing — from processing critical minerals to scaling renewable energy solutions.
“Africa already stands at the forefront of global climate action, shaping solutions that are both locally grounded and globally relevant,” said Dr Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth of the African Development Bank Group.
He added: “Currently, we are driven by a new vision articulated by our President Dr Sidi Ould Tah, to sharpen the Bank's focus around four strategic priorities – referred to as the Four Cardinal Points to unlock Africa's Capital Power; enhance the continent's financial sovereignty; turn demographics into a dividend; and build resilient infrastructure, while adding real value.
Addressing climate change is central to this bold and ambitious agenda. We are therefore taking decisive steps to close Africa's sustainable financing gap, strengthen Africa's adaptive capacity, and to generally accelerate climate action through innovation, partnerships, and financial leadership.”
Africa is among the world's leading producers of key minerals such as cobalt, manganese, and other critical raw materials, yet it captures only a small share of their final value. By investing in local beneficiation, battery manufacturing, and regional value chains, the continent aims to shift from exporting raw materials to becoming a global hub for innovation and green industrial production.
Africa also holds immense untapped carbon market potential, yet captures less than 1 percent of global revenue. With reforms and African-led governance, the market could generate up to $100 billion annually and create five million green jobs by 2030.
Participants emphasised the urgency of reforming the global financial system to shift from debt-based models to direct, grant-based, and Africa-owned solutions. Despite promises at COP29, only a fraction of global climate funds reaches African communities. Africa Day reiterated the continent's call for a new collective quantified goal on climate finance that meets the scale and urgency of its needs.
Speaking on behalf of the Executive Secretary of the ECA, Cosmas Milton Ochieng, Director of the Climate Change, Food Security and Natural Resources Division, said: “Reshaping the global financial architecture is not just a matter of fairness but a prerequisite for survival.”
He added: “Africa needs a predictable, transparent, and equitable climate finance system that channels resources directly to where they are needed most: in the hands of African countries and communities driving transformative climate action.”
The call for sustainable domestic financing was equally strong. Africa holds over $350 billion in sovereign and pension funds that could be redirected toward green infrastructure, resilience, and innovation. Mobilising these domestic resources alongside external partnerships will be key to achieving the continent's Agenda 2063 and the Sustainable Development Goals.
Africa Day at COP30 was not merely a commemoration — it was a declaration of intent.
Leaders called for fair carbon pricing, direct access to climate finance, and a just transition that ensures no African is left behind. African countries are calling for full implementation of the commitments made in Baku, particularly the mobilisation of $300 billion in climate finance for Africa.
COP29 in Baku fell short of delivering the resources needed to address the continent's climate crisis. Despite calls for a global annual goal of $1.3 trillion by 2030, including $300 billion earmarked for Africa, systemic challenges remained unresolved. African leaders had urged for debt-free grants and direct access to funds through African institutions such as the AfDB.
However, the final agreement favoured loan-based financing and reliance on external intermediaries, leaving nearly 60 percent of climate funds as debt obligations for African economies.
As the world looks to Belém for delivery, Africa's message is clear: the continent is not seeking charity but partnership—a new global climate compact that recognis>es Africa's leadership, rewards its environmental stewardship, and invests in its people.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).Media contact:
Communications and External Relations Department
media@afdb.org
About Africa Day at COP30:
Africa Day at COP30 serves as the continent's flagship event at the UN Climate Change Conference, offering a platform to highlight Africa's leadership in climate action and advocate for equitable access to climate finance. The event embodies the shared vision of Africa's institutions to build a resilient, inclusive, and sustainable future for all Africans.
International Islamic Trade Finance Corporation (ITFC) Strengthens Comoros’ Energy Security and Food Resilience with Innovative Trade Finance Solutions
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, continues to make significant progress in its partnership with the Union of Comoros, delivering impactful trade finance solutions to bolster the country's energy security, food supply, and economic diversification.
With no domestic oil production and modest agricultural output, Comoros depends heavily on imports to power its economy and sustain its population of approximately 850,000. Since 2008, ITFC has emerged as a critical partner, approving over US$799.3 million in trade finance to support the country's development priorities.
Powering a Nation Through Energy Financing
Since its inception, ITFC has approved US$655.4 million in energy financing for Comoros, accounting for over 80% of all ITFC support to the country. This investment has allowed Comoros to secure all its annual imports of refined petroleum products, estimated at 100,000 m³, ensuring the stability of its energy supply even amid global price shocks.
In 2023, ITFC partnered with Société Comorienne des Hydrocarbures (SCH), the state-owned hydrocarbons company, to implement an Integrated Trade Solution (ITS) that combined financing with capacity building. As part of a Reverse Linkage program, SCH staff trained at Tunisia's STIR Refinery, gaining vital skills in trade negotiations, Islamic finance, and oil storage management. This initiative safeguards around 480 direct jobs, with nearly 200 of them held by women. Over 70% of petroleum imports are sourced from OIC member countries, reinforcing intra-OIC trade and regional cooperation.
Securing Food Supply Amid Global Price Shocks
In 2024, ITFC approved a new EUR 20 million trade finance facility to strengthen food security in the Union of Comoros. The facility will finance the import of essential staple foods, including rice, flour, sugar, oil, and meat, providing critical support to the nation's food supply chain.
In 2023, Comoros imported 91,929.94 metric tons of foodstuffs valued at EUR 62.7 million. The new facility will cover about 31.9% of annual food procurement needs, enabling households to access food at more affordable prices. This financing supports 50 to 75 local micro and small enterprises, sustaining over 2,500 jobs. Since its establishment, ITFC has provided over US$143.9 million in financing to support the food security and agriculture sector.
Additionally, ITFC promotes Islamic finance in Comoros through its partnership with local banks, namely, AFG Bank and BDC. This expands access to Letters of Credit (L/C) confirmation facilities and strengthens the domestic financial sector, aligning with the government's diversification agenda.
Through these strategic interventions, ITFC continues to play a vital role in advancing Comoros' sustainable development agenda by ensuring energy security, strengthening food systems, and empowering local enterprises. The Corporation's integrated trade finance solutions enhance resilience to external shocks and promote inclusive economic growth and regional cooperation.
Watch the Comoros project video - https://apo-opa.co/3LDt6Wv
Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).Contact Us:
Tel: +966 12 646 8337
Fax: +966 12 637 1064
E-mail: ITFC@itfc-idb.org
Follow International Islamic Trade Finance Corporation (ITFC):
Twitter: @ ITFCCORP
Facebook: @ ITFCCORP
LinkedIn: International Islamic Trade Finance Corporation (ITFC)
About the International Islamic Trade Finance Corporation (ITFC):
The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socioeconomic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided US$89 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries' needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.
South Africa can Realize its Gas Potential with a Balanced Gas-to-Liquids Strategy (By NJ Ayuk)
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By NJ Ayuk, Executive Chairman, African Energy Chamber (https://EnergyChamber.org/)
It is not an exaggeration to say that South Africa's offshore gas discoveries offer up a potential economic transformation for the country that would be on par with Guyana's oil-driven boom or Suriname's emerging energy sector.
Estimates for the Luiperd-Brulpadda gas-condensate project, in Block 11B/12B off South Africa's southern coast, gauge its holdings at 3.4 trillion cubic feet (tcf) of gas and 192 million barrels of gas condensate. Production at this site would equate to thousands of jobs and a revitalization of regions like Mossel Bay, where South Africa's gas-to-liquids refinery once fueled local employment and industry before declining production forced cutbacks.
Unfortunately, this could all be just wishful thinking, as TotalEnergies' exit from this project in 2024 revealed a critical barrier.
South Africa's gas potential is currently locked up, partly because of legal challenges initiated by environmental activist groups that halted projects to the tune of USD1.6 billion, but also due to the inability of all parties involved to come to an agreement on gas purchase pricing.
The GTL Solution
A gas-to-liquids (GTL) strategy — one that links prices to liquefied natural gas (LNG) spot markets and includes meaningful community engagement — would help balance the needs of upstream investors, downstream users, and the coastal communities while delivering sustainable growth for the rest of the nation.
The gas pricing dilemma is the main obstacle.
Upstream companies like TotalEnergies demand dollar-based contracts to mitigate currency risk and ensure returns on their substantial exploration investments. The South African government is justifiably wary of dollar-denominated agreements and would prefer rand-based prices to protect local consumers and maintain affordability. The impasse TotalEnergies encountered on this issue is one of the factors behind their withdrawal from Block 11B/12B, despite their promising, hard-won discoveries at the site.
The domestic market complicates the situation even further.
Electricity producers require low gas prices, as they operate on slim margins once carbon costs are accounted for. Upstream operators, on the other hand, need to collect higher prices to justify the development of their capital-intensive deepwater projects. Meanwhile, the global LNG market is expected to remain saturated for the next three to five years, making the export of gas in the form of LNG a less competitive option for now. Without a pricing compromise, South Africa's gas remains untapped, leaving behind all the profit and opportunity it represents.
A GTL strategy offers a multifaceted solution, however. By revitalizing the PetroSA GTL facility in Mossel Bay and converting natural gas into high-value liquid fuels like diesel and kerosene on site, South Africa could cut its reliance on fuel imports, strengthen its energy security, and extend employment opportunities to thousands of workers.
The precedent is clear: In Suriname, TotalEnergies' GranMorgu deepwater project is set to generate 6,000 local jobs and inject at least USD1 billion into the economy. A similar initiative at the dormant Mossel Bay facility could transform South Africa's southern coast, providing the government with fresh revenue and wider economic stability.
This is not mere optimism; this gameplan would be a practical means of leveraging existing infrastructure to drive regional development. But, once again, the economic viability of a GTL strategy as a solution for South African gas production hinges on securing a gas pricing agreement that satisfies the needs of both producers and consumers.
To resolve this pricing stalemate, South Africa should adopt a formula that ties the gas purchase price to the global LNG spot price, minus a percentage to reflect the absence of liquefaction and transportation costs. This approach would allow upstream companies to receive dollar-based payments, satisfying their financial requirements while aligning with the inherent shifts in the global market. Downstream, power producers and GTL operators would enjoy the affordability of discounted pricing, making projects economically feasible at both ends of the supply chain.
Furthermore, the government could incentivize GTL development through tax breaks, infrastructure subsidies, or public-private partnerships, so the economic benefits of these projects would be more likely to outweigh the initial costs. This pricing model would be a fair compromise that avoids the pitfalls of rand-based contracts and meets the needs of all stakeholders.
Additional Roadblocks
Overcoming environmental opposition is another critical step toward progress in gas development, and overlooking community engagement in this regard only empowers non-governmental organizations (NGOs) to challenge projects in court. Petroleum Agency SA's community awareness campaigns, which educate locals about the benefits and risks of gas development, offer a model for improvement in this area. Expanding such efforts to include early and transparent engagement in the environmental impact assessment (EIA) process would help build trust and reduce grounds for legal action.
Town hall meetings and accessible EIA summaries would be a means of highlighting the economic benefits of a GTL strategy. By involving communities as stakeholders, the government and industry can work together to demonstrate that gas development can create shared prosperity.
The implementation of a GTL strategy is itself another way of addressing the legal pushback brought against South African exploration projects. Liquid fuels produced domestically reduce emissions by avoiding long-distance shipping, meaning that a GTL strategy is already in alignment with environmental goals from the start. Emphasizing the lower carbon footprint of a GTL operation would go a long way in gaining public approval of the project, but the government must still work to speed up the permitting process by establishing clear, time-bound guidelines for EIAs and consultations. Mechanisms should also be put in place to limit repetitive, post-approval legal challenges and allow projects to proceed without endless litigation.
A dedicated task force of industry, government, and local representatives would strengthen South Africa's negotiating power and help hold projects accountable to environmental and social standards.
A Collaborative Path Forward
Extracting and monetizing the gas resources held in Block 11B/12B and elsewhere could be a course-correcting game-changer for South Africa, but doing so to the greatest possible benefit requires bold, collaborative action. For South Africa to truly benefit from its gas resources, President Cyril Ramaphosa's administration must move beyond the traditional focus on coal and mining, prioritize gas development, and embrace the potential of a GTL strategy.
By reviving the defunct Mossel Bay GTL facility and implementing a pricing model tied to LNG spot prices, the government can satisfy the needs of both upstream and downstream stakeholders while creating jobs for South Africans and reducing their dependency on imports. Simplifying the permit process and expanding community engagement would address environmental concerns so that projects can move forward without unnecessary delays or lawsuits.
With decisive leadership and a commitment to balance, South Africa can transform its gas potential into a catalyst for sustainable growth and secure a prosperous future, not just for the industry, but for the nation as a whole.
Distributed by APO Group on behalf of African Energy Chamber.Africa Tech Festival 2025: Ethical Artificial Intelligence (AI), inclusive investment, and a global commitment to Africa’s technology journey
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Tech leaders, policymakers, and innovators took the spotlight on the second day of Africa Tech Festival 2025 (https://AfricaTechFestival.com/), turning discussions on ethical AI, inclusive investment, and human-centred leadership into a blueprint for Africa's digital future. Across the festival's stages, private and public sector stakeholders alike shared a commitment to driving innovation that is responsible, equitable, and rooted in African values.
A key highlight of the day was UN Assistant Secretary-General and Chief Information Technology Officer, Bernardo Mariano Junior, pledging the UN's support for Africa's AI journey. In his virtual keynote titled Governing AI in Africa – Building Trust through Contextual and Ethical Leadership, he underscored the need for African-led frameworks that prioritise transparency, accountability, and inclusion in the development and deployment of AI. Mariano noted that Africa's cultural and linguistic diversity makes it a proving ground for ethical and inclusive technology, and called for Africa to shape, not merely adopt, global AI norms and develop technology that serves humanity in the spirit of ubuntu.
Entrepreneurship and financial inclusion took centre stage at AfricaIgnite, where Odunayo Eweniyi, Co-Founder of PiggyVest and General Partner at FirstCheck Africa, shared tips on building sustainable ventures during the Lessons from a Top Founder on Building Success session. She reflected on PiggyVest's decade-long journey to democratise savings and investment for millions of Nigerians, emphasising that user trust, transparency, and regulatory collaboration are the cornerstones of long-term success in fintech. The session highlighted how responsible innovation can expand access and foster financial resilience across Africa's rapidly growing digital economy.
The festival's focus on youth and leadership was highlighted at Tech, Talent and the African Youth Dividend, featuring rugby legend and philanthropist Tendai “The Beast” Mtawarira in discussion with Marcia Mahlalela (Ascendants Media Group). Drawing parallels between sport and entrepreneurship, the conversation highlighted discipline, resilience, and mentorship as key ingredients in shaping Africa's next generation of leaders. Reflecting on his journey from sport to social impact through the Beast Foundation, Mtawarira noted that leadership also means investing in others, empowering youth, and leaving organisations stronger for the future, including using technology to advance careers and improve social circumstances.
Addressing a key issue affecting many African countries, the AfricaCom fireside chat Connectivity Empowering Africa's Future – Why Rural Matters focused on the transformative power of digital infrastructure in underserved areas. Tumi Chamayou-Sekhukhune (MTN South Africa) and Dion Jerling (Connect Earth) examined how expanded connectivity continues to unlock economic potential and drive social inclusion across rural communities.
Continuing the discussions on the key role of women in Africa's tech ecosystem, panellists Nirvani Dhevcharran (The Foschini Group), Zandile Mposelwa (Zandile Mposelwa Consulting), and Nikita Thakrar (Included VC) discussed the need for sustained investment in women-led ventures and equitable representation in decision-making roles. The session, titled Leading from the Front - Women Shaping Africa's Tech Future, underscored that inclusive leadership is essential for sustainable growth, while highlighting successful women-designed tech innovations.
Reflecting on the day's programme, Kadi Diallo, Portfolio Manager for Africa Tech Festival, said, “Day Two showcased the power of inclusive investment in people, diversity, and potential. Whether through ethical AI governance, connectivity, or leadership, Africa's innovation story continues to be defined by those building a digital future that leaves no one behind.”
Framed by the festival's central themes of responsible innovation, inclusive investment, connectivity for development, and policy harmonisation, Africa Tech Festival 2025 continues to celebrate the strength and creativity of the continent's digital ecosystem across its four flagship programmes: AfricaCom, AfricaTech, The AI Summit Cape Town, and AfricaIgnite.
Distributed by APO Group on behalf of Africa Tech Festival.About Africa Tech Festival:
Now in its 28th edition, Africa Tech Festival 2025 will take place from 11 to 13 November 2025 at the Cape Town International Convention Centre (CTICC), bringing together more than 15,000 technology leaders, policymakers, investors, startups, and visionaries. The Festival encompasses four anchor events:
- AfricaCom – The continent's largest telecoms and connectivity event
- AfricaTech – The hub for technology, innovation, and enterprise growth
- AfricaIgnite – Driving growth and impact in Africa's startup ecosystem
- The AI Summit Cape Town – Where commercial AI comes to life
With over 500 speakers, 300 exhibitors, and extensive networking opportunities, Africa Tech Festival remains the continent's most influential gathering for those shaping Africa's connected future.
