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



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



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



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



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



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



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



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



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



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



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



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

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

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

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



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



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



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



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



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



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



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



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



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



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



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



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

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Stewards Of Your Fortune: Emerging Asset Classes For Astute Investors

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



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



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



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



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



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



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



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

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

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



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



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



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



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



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



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



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



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



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



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

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

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



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



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



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



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



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



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



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



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

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

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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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Watch Focus On: Fintech brokers in Africa



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

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



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



Quote from RDB Chief Tourism Officer, Michaella Rugwizangoga:



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



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



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



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



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



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



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



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



Quote from Governor of the Northern Province, Maurice Mugabowagahunde:



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



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



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



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



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

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

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



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



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



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



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



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



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



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



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



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



What exactly does securities lending entail?



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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



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

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

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McDonald’s South Africa recognises that a change as little as reading a book can change a lot about a child’s future.



Starting in the month of September, which marks Literacy Month, McDonald’s South Africa will be on a quest to donate over a million books to disadvantaged schools and Early Childhood Development Centres across the country.



According to the Progress in International Reading Literacy Study, which evaluated the reading ability of 400,000 students globally in 2021, South Africa ranked last out of 57 countries assessed, with eight out of 10 South African school children struggling to read by the age of ten. The study showed that 81% of South African children could not read for comprehension in any of the country&#8217;s eleven official languages.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="546" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/BOOK-DONATIONS-3-820x546.jpg" alt="" class="wp-image-532062" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/BOOK-DONATIONS-3-820x546.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/BOOK-DONATIONS-3-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/BOOK-DONATIONS-3-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/BOOK-DONATIONS-3-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/BOOK-DONATIONS-3.jpg 1280w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



Sechaba Motsieloa, Marketing Director at McDonald’s South Africa said: &#8220;Our mission is to ensure all children, no matter their background, can access the joy of reading. This September, together with fantastic charity partners such as the SABC, National Library of South Africa and the Rugby Sevens Team amongst others, we will do our best to ensure as many children have access to books in their schools to spark a lifelong love of reading.&#8221;



As a company that prides itself on diversity and its commitment to fostering community, McDonald’s South Africa, has been offering children’s books as an alternate option to toys, with every purchase of a McDonald’s Happy Meal, since 2019.



McDonald’s South Africa’s donation of over a million books to underprivileged schools is a significant contribution to education. Access to books can greatly enhance literacy and learning opportunities for students. This kind of initiative not only supports academic growth but also fosters a love for reading, which can have long-lasting benefits for children.



“The ongoing literacy crisis in South Africa requires that organisations who care about the future of this country contribute towards encouraging a love and culture of reading,” concludes Motsieloa.

BOOK  DONATIONS

McDonald’s South Africa is donating over a million children’s books to deprived schools and ECD’s across the country

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="518" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/IMG_20240816_113709-820x518.jpg" alt="" class="wp-image-529432" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/IMG_20240816_113709-820x518.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/IMG_20240816_113709-300x189.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/IMG_20240816_113709-143x90.jpg 143w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/IMG_20240816_113709-768x485.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/IMG_20240816_113709-1536x969.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/IMG_20240816_113709-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



Think of a family business – the image that probably comes to mind is the ‘mom and pop’ corner store with kids carrying stock and doing counter duty. The reality, however, is different. The African multigenerational business of today is likely to employ hundreds of people, and ultimately may find itself moving towards being listed on one of the stock exchanges.



Multigenerational, family-owned businesses are estimated to contribute between 20% and 30% of South Africa’s gross domestic product (GDP). In fact, 60% of JSE-listed entities were either founded by or are still managed by families. Perhaps most notably, family businesses comprise about 70% of all South African companies and employ approximately 60% of the workforce.



These impressive statistics and success stories are not just about entrepreneurs who have identified opportunities but also about their strategic vision, hard work and the transformation of fledgling enterprises into powerhouses. Family-owned businesses, which span all market sectors, including agriculture, agri-processing, manufacturing and logistics, also share other characteristics that contribute to their success.



They tend to grow market share by investing locally at first and have consistently grown above inflation and the national average GDP growth rate. Their focus most often is on building sustainable businesses that are the mainstay of a family legacy. These entities demonstrated impressive resilience during COVID and have managed sustained growth over a long period of relative weakness in the overall SA economy. Because we at Standard Bank Commercial and Business Banking (BCB) must meet the needs of hundreds of these businesses, we are conscious that multigenerational businesses, despite their success, also face various challenges. For example:



<ul class="wp-block-list">
<li>They hold different views regarding capital allocation. Some family members may want capital preserved, while others may favour investment and fast growth.</li>



<li>They often must meet growth demands by adapting and ‘corporatising’ business structures to respond to market conditions and stay current.</li>



<li>They must recognise a need for adapting employment practices and acquiring specialised skills. Regarding the latter, if the business is to remain sustainable, the skills required may need to be reviewed in the light of changed operational circumstances.</li>



<li>Succession planning is a critical issue that needs to be addressed as a business grows and matures. </li>



<li>There may be issues around how to allocate equity within the business and how ‘external’ parties are integrated into the family arrangement.</li>



<li>With the advent of new trading conditions and treaties across Africa, creating partnerships that can maximise local growth and facilitate cross-border trade and operations in neighbouring countries or even further abroad is a key competitive differentiator.</li>
</ul>



The common denominator for all multigenerational businesses is that success and growth means increased complexity. As complexity increases, meticulous planning, access to finance and strategic support tend to play pivotal roles.



Take for instance one of our longstanding clients, the Radley family, who have owned and managed Radley Landgoed, a solar farm located near the farming town of Malelane, Mpumalanga, for nearly 80 years. Over the decades, this multigenerational business has not only maintained its agricultural heritage but has also embraced innovation to secure its future. Recently, they took a significant leap forward by pioneering renewable energy solutions with our support, leading to the development of Mpumalanga’s first water-borne solar plant. This groundbreaking project underscores our role as a trusted partner for growth, dedicated to fostering sustainable solutions that empower businesses, enhance financial inclusivity, and address critical challenges like energy supply. By supporting such initiatives, we help ensure the longevity and success of family-owned enterprises, enabling them to thrive across generations while contributing positively to the broader economy.



We also advise multigenerational companies about various issues in this vital economic sector that have the potential to impact their success. These include:



<ul class="wp-block-list">
<li>Helping businesses respond to requests about how to successfully expand across borders and diversify operations to meet new markets. Demand for assistance with international introductions and seamless integration of banking services has risen by about 30% over the past year.</li>



<li>Recognising that although an ‘owner-managed’ culture is influential, owners often need assistance when it comes to adapting to changed environments and changing business direction.</li>



<li>Changing business focus from being niche bound to expanding across value chains, identifying opportunities, and knowing when and how to take advantage of them.</li>



<li>Conducting wealth and estate planning to ensure unified leadership and the transfer of ownership and assets across generations.</li>



<li>Making good equity and leverage decisions, which often becomes important as businesses grow. For instance, such decisions may revolve around the need of a family-owned business to enter an empowerment deal or undertake an acquisition.</li>
</ul>



At the heart of most discussions in this regard is the issue of professionalising the family business so that the structure assists with the innovation required to allow the company to grow. Issues involved may range from appointing non-family members to the board to implementing governance structures and using technology to improve productivity and control costs.



Given BCB’s extensive business footprint within South Africa and its access to 15 markets on the continent, as well as offshore operations in New Jersey and the Isle of Man, Standard Bank has the networks, insights and experience to enable business owners to identify suitable partners and other trade markets.



Africa is open for business, and many of South Africa’s leading multigenerational companies are positioning themselves for the local and international opportunities that will arise.



Navigating the complexities required for growth is critical for ensuring the sustainability and success of family-owned enterprises. Through its collaborative approach, Standard Bank’s BCB division is poised to help preserve the legacies and values of multigenerational businesses while helping to position them to adapt and thrive in a constantly changing marketplace.

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Fostering the growth of multigenerational family businesses is helping build the stock market leaders of tomorrow

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Competitively located next to sub-Saharan Africa’s largest international airport, the OR Tambo SEZ is playing a key role in advancing South Africa&#8217;s green economy growth – by facilitating the production and export of components that support the generation of green energy.&nbsp; &nbsp;



In addition to its linkages to OR Tambo International, the SEZ is well-positioned near a major platinum refinery, making it ideal for accessing and processing Platinum Group Metals (PGMs), which are essential for producing fuel cells—one of the most important components in the green hydrogen industry. This focus on PGMs aligns with South Africa&#8217;s position as a global leader in PGM production and the Hydrogen Society Roadmap of South Africa. &nbsp;



In support of its goal to stimulate fuel cell and hydrogen localization, the SEZ is excited about the onboarding and imminent operationalization of one of its investors who is focused on the production and export of key fuel cell components.&nbsp;



<h2 class="wp-block-heading" id="h-about-isondo-precious-metals">About Isondo Precious Metals</h2>



Established in 2012, Isondo Precious Metals (IPM) has set up a state-of-the-art facility in the SEZ that will produce key components like PGM catalysts and Membrane Electrode Assemblies (MEA) used in electrolysers and fuel cells.



The Isondo facility is set to be fully operational by late 2024, providing a basis for the OR Tambo SEZ to contribute to South Africa’s objectives to manufacture and export key components with an input into the green hydrogen landscape.



Without a doubt, the realization of Isondo’s imminent plant operationalisation is a major step in positioning South Africa as a leader in the global green hydrogen value chain. It also has significant economic benefits, including creating up to 300 skilled jobs.



<figure class="wp-block-gallery has-nested-images columns-2 is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex">
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="584" height="438" data-id="529033" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/gidz2-1.png" alt="" class="wp-image-529033" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/gidz2-1.png 584w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/gidz2-1-300x225.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/gidz2-1-120x90.png 120w" sizes="auto, (max-width: 584px) 100vw, 584px" /></figure>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="582" height="436" data-id="529034" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/gidsz3-2.png" alt="" class="wp-image-529034" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/gidsz3-2.png 582w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/gidsz3-2-300x225.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/gidsz3-2-120x90.png 120w" sizes="auto, (max-width: 582px) 100vw, 582px" /></figure>
<figcaption class="blocks-gallery-caption wp-element-caption">Figure 1:Inside and Outside view of IPM (Building 07) at the OR Tambo SEZ Precinct 1</figcaption></figure>



<h2 class="wp-block-heading" id="h-why-or-tambo-sez-is-supporting-the-fuel-cell-and-green-hydrogen-market">Why OR Tambo SEZ is supporting the Fuel Cell and Green Hydrogen Market</h2>



The green hydrogen and fuel cell industry, driven by the growing demand for cleaner energy solutions, is still in its early stages of development. One key challenge the sector faces is the high price of hydrogen, which, while currently elevated, is expected to decline as demand increases over time.



Additionally, complexities surrounding the transportation of hydrogen, particularly for export, pose significant logistical hurdles. This is where Special Economic Zones (SEZs) such as the OR Tambo SEZ come in: by playing a critical role that assists in reducing production costs—through infrastructure, operational incentives, and localized ecosystems that lower all work together to reduce operational expenses. The SEZ also provides a regulatory framework through which huge investments required for this new industries can be effectively planned and located – with the support of government incentives that provide a basis for VAT and tax rebates; this is crucial in this still cost intensive industry.&nbsp;



The IPM &nbsp;facility located at the SEZ’s first operational precinct exemplifies this and how the SEZ is working on unlocking this new industry: in a way that fosters local manufacturing of components that form part of the fuel-cells value chain.&nbsp;



In addition to the first precinct where IPM is located, the SEZ is also in the advanced stages of planning a full scale PGM-focused SEZ where PGM related products, including mining and capital equipment as well as integrated energy solutions that utilize both gas and fuel cell systems will be located.&nbsp;



With the strong foundation realized with its operational precinct, the OR Tambo SEZ is ready and geared up to promote this new age industry, contributing not just to job creation but the imbedding of new skills and opportunities in South Africa.&nbsp;



For more information on the at OR Tambo SEZ, visit: <a href="http://www.ortambosez.co.za">www.ortambosez.co.za</a>

GIDZ

OR Tambo SEZ: contributing to the stimulation of fuel cell and hydrogen localization

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/1.png" alt="" class="wp-image-527190" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/1.png 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/1-300x200.png 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/1-135x90.png 135w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/1-768x512.png 768w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



The potential for mobile money and digital payments to drive financial inclusion is immense. We can see this potential being unlocked on the African continent as it accounts for <a href="https://african.business/2023/05/technology-information/west-africa-worlds-largest-growing-mobile-money-market-in-2022-says-gsma-report#:~:text=Despite%20this%20growth%2C%20East%20Africa,registered%20accounts%20in%20West%20Africa.">70%</a> of the world’s $1 trillion mobile money value and registered a <a href="https://www.gsma.com/sotir/wp-content/uploads/2024/03/GSMA-SOTIR-2024_Report.pdf">12%</a> growth in mobile money accounts to 1.75 billion in 2023.



This is opening a number of new opportunities for economic growth and development as more robust and connected payment networks are breaking down geographical barriers, opening up access to new markets and enabling anyone to send and receive payments quickly and easily from and to anywhere in the world.



However, these significant benefits are largely being realized and felt in Africa’s larger, and key, markets such as Nigeria, South Africa, and of course Kenya- where mobile money was first launched and popularized on the continent. While these markets have reached greater levels of digital payments maturity, smaller and more underdeveloped markets are often passed over, leaving many still excluded from economic participation and financial freedom.



And yet, the truly transformative power of mobile money and digital payments can be most realized in these overlooked economies where the reliance on cash, a lack of traditional bank accounts due to limited infrastructure and access, and the substantial penetration of smartphones and increasing internet connectivity have created the ideal confluence of circumstances that will pave the way for a more inclusive and resilient financial future.



<h2 class="wp-block-heading" id="h-realizing-the-enabling-power-of-digital-payments">Realizing the enabling power of digital payments</h2>



The biggest drivers of mobile money adoption in Africa are its accessibility and ease of use. Unlike traditional financial services, there’s no need for extensive paperwork, a credit and financial history, or a physical presence within a brick-and-mortar branch to gain access to these services.



This low barrier to entry, along with mobile money’s ability to enable economies beyond just transactions and empower both individuals and enterprises, makes it particularly impactful for underserved markets. Within these regions, mobile money and the digital payments ecosystem have the power to serve as catalysts for economic growth, poverty reduction, and enable marginalized communities with the financial freedom to manage their day-to-day lives, start or expand their businesses, and invest in their futures.



<h2 class="wp-block-heading" id="h-a-concerted-effort-towards-a-single-goal">A concerted effort towards a single goal</h2>



It’s important that all levels of an economy work towards achieving the crucial objective of financial inclusion. Collaboration is a key component in creating and maintaining an environment that creates more opportunities for inclusive growth and ensures economic resilience.



Not only do governments play a pivotal role in developing and implementing the policies and regulations that foster a supportive framework for financial services, but investment from both the public and private sectors is essential to building the necessary digital payments infrastructure that will underpin financial inclusion on the continent. Meanwhile, fintech firms can continue to drive innovation in this space that will achieve the desired convenience, speed and accessibility within the payments space.



We can see this value already starting to be realized across smaller markets like Eswatini where the <a href="https://www.afi-global.org/wp-content/uploads/2023/07/Eswatini-Fintech-Landscape-Report.pdf">Central Bank established a FinTech unit</a> to spearhead the development of digital payments in the country in 2018; in South Sudan where the <a href="https://www.gsma.com/solutions-and-impact/connectivity-for-good/mobile-for-development/blog/south-sudan-mobile-moneys-role-in-the-road-to-recovery/">introduction of mobile money in 2017</a> has enabled development organizations to distribute cash assistance securely; and Somalia which <a href="https://qz.com/africa/2152271/somalia-changed-the-face-of-money-transfers-worldwide#:~:text=Somalia's%20central%20bank%20awarded%20Hormuud,for%20people%20across%20the%20country">recently enabled digital payments</a> to be made between the country’s banks, making payments easier.



<a></a>In Ethiopia, non-banks were enabled to provide mobile money services in 2020 as mobile money services could lift 700 000 people out of poverty, add $5.3 billion to the country’s economy, increase tax revenue by $300 million, and essentially position the country to adapt to economic downturns according to the <a href="https://www.gsma.com/solutions-and-impact/connectivity-for-good/mobile-for-development/wp-content/uploads/2023/06/GSMA_Mobile-money-in-Ethiopia-Advancing-financial-inclusion-and-driving-growth-report.pdf">GSMA’s 2023 Mobile Money in Ethiopia report</a>. Recognising this period as a key moment in the country’s transformation into a financially inclusive economic powerhouse, Onafriq, Africa’s largest payments gateway, also strengthened its presence in Ethiopia through a number of partnerships with financial institutions, mobile network operators, and other key decision makers. This includes partnerships with Ethio telecom and M-PESA Safaricom to enhance and streamline remittance flows and address the shortage of forex while providing customers with much-needed funds.



It’s clear then that when all these elements work in harmony, they can break down barriers to financial access, enabling people and businesses to participate more fully in the economy, thus driving sustainable development and economic growth in these underserved regions. Investing in these smaller, underserved markets &#8211; which represent a significant portion of the continent’s population &#8211; is simply integral to realizing true financial inclusion across Africa.



When everyone can access financial services, we can foster inclusive growth, stimulate local economies, and open up access to new markets and opportunities, connecting the continent through sustainable economic development.

True financial inclusion calls for smaller markets to receive equal attention to larger ones

By Mpho Sadiki, Network International Group MD – Africa Acquiring, and Richard Kadiaka, Network International Regional MD &#8211; Southern Africa and Palops.



Across the world, the business community watched the SA elections with great concern as to how the outcome will affect sentiments and the ability to do business in South Africa. The known structural, economic, policy certainty and governance challenges created a challenging operating environment for business and therefore the seventh elections of our democracy provided a good opportunity to reset. The lack of an outright majority winner has itself presented some unknowns for all observers and the entire nation.



The dawn of the Government of National Unity (GNU) in South Africa has ignited a renewed sense of optimism among businesses, particularly global investors. This shift presents a unique opportunity for a more collaborative approach to economic development. One critical area ripe for innovation and growth is the field of digital payments, which holds the potential to revolutionise the informal sector and empower young entrepreneurs, thereby boosting economic growth and creating new jobs.



<h2 class="wp-block-heading" id="h-a-call-for-inclusive-financial-services">A call for inclusive financial services</h2>



The GNU&#8217;s openness to new collaborations marks a significant change from the previous single-party administrations. This new approach aligns with the shared objectives of the country, including the development of an inclusive payments ecosystem. The South African Reserve Bank&#8217;s Digital Payment Roadmap, part of Vision 2025, and the proposed activity-based licensing under the COFI Bill are pivotal steps toward creating a conducive regulatory environment.



This for us, creates the platform for true innovation and true scale in endeavours to be financially inclusive. It opens the door for non-banks and fintechs to accelerate their initiatives into digital payments and actual services finally reaching the informal and cash-heavy segments of our market.



Our challenges with cash-handling operations and risk associated with this is a major concern for South Africa as a country and could not be a greater motivator for accelerating digital payments with aggressive acceleration.



<h2 class="wp-block-heading" id="h-industry-landscape-the-role-of-digital-payments">Industry landscape: The role of digital payments</h2>



In many cash-dependent societies, the lack of digitisation leads to missed opportunities for data insights. Digital payments not only promote financial inclusion but also provide valuable data that can inform government policy, inform product innovation and drive economic growth. The expansion of payment options can significantly accelerate the adoption of digital payments.



Network International as a leading payments enabler across Middle East and Africa has seen the positive impact of in successful implementations of Alternative Payment Methods (APMs) like mobile money acceptance at Point-of-Sale, or of late, the acceptance of UPI and AANI wallets in the UAE market enabled through Network International. We have seen the staggering uptake from Indian visitors to the UAE.



Multi-tender acceptance plans are critical in ensuring that merchants can accept payments at the point of interaction with the customer without preference. There is great industry excitement in the next launch of Request-to-Pay (RTP) for PayShap which also introduces new customer payment methods for example Person-to-Merchant (P2M).



<h2 class="wp-block-heading" id="h-readiness-for-hyper-scale-payment-platforms-simplifying-entry-to-payments">Readiness for hyper-scale payment platforms simplifying entry to payments</h2>



Network International made a staggering R560mn investment in the SA market in 2023, a decision driven by the market appetite for leading payment products, high card adoption compared to other market in the MEA region, regulatory readiness and requirements for an on-soil relationship (a great hub for support institutions across the SADC region).



We have witnessed the transformative power of digital payments and best of breed technology offering based on the response from the market, new partnerships established and the enhanced desire from industry players to collaborate.



Our experience in facilitating seamless digital payments enablement across the Middle East and Africa has showcased potential and competence to deliver for similar initiatives in South Africa. If we are to accelerate adoption of digital payments, collaborative efforts are crucial for achieving the common objective for true financial inclusion.



Even more exciting, we have seen a growing intent from non-financial service providers like mobile network operators (MNOs), retailers and fintechs looking to take advantage of our role as a leading enabler of payments and commerce to launch their key payments capabilities in the market. By partnering with these new players in creating an interoperable payment environment, we aim to equip small entrepreneurs and informal segments with the tools they need for accelerated growth.



<h2 class="wp-block-heading" id="h-skin-in-the-game-for-a-socially-responsible-payments-industry">Skin in the game for a socially responsible payments industry</h2>



We see our role as a catalyst for growth, supporting innovation, testing new concepts, and enabling fintech collaborations. Payment platforms lower the barriers to innovation, even for those constrained by legacy infrastructure, and serve as conduits for successful business collaborations.



While there is restored optimism through the newly formed GNU, the industry cannot afford to be passive. There must be collective efforts to create capacity, accelerate collaboration and a desire to accelerate policy implementation. As we look to the future, we are confident in the direction set by the South African Reserve Bank and the increasing interest from both fintechs and large enterprises. This positive trajectory not only reinforces our commitment to our local operations but also encourages us to invest in meaningful social initiatives, skills development programs, youth employment and other initiatives such as staff ownership programmes.



Socially responsible corporate citizens are critical to a conducive and ever-growing payments landscape. It is our responsibility to invest in the industry as much as we benefit from it. Our achievement of level 1 B-BBEE accreditation is our way of showing full and ongoing commitment to the social and economic objectives of the country.



<h2 class="wp-block-heading" id="h-in-conclusion">In conclusion</h2>



The key to sustained growth and innovation lies in the trust and collaboration between the public and private sectors. When businesses are confident in a country&#8217;s future, they are more likely to engage in significant social investments and industry collaborations, creating a fertile ground for innovative solutions and further investment.

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Digital payments: A catalyst for South Africa’s growth

With more than 328 million terabytes of data <a href="https://whatsthebigdata.com/data-generated-every-day/">generated</a> daily, making sense of it all has become a key challenge for business, especially those seeking to thrive in a dynamic marketplace. The Hive Group, a leading Pan-African data and consumer insights performance agency, has been at the forefront of transforming this data into actionable insights, allowing brands to unlock efficiencies and opportunities.



<h2 class="wp-block-heading" id="h-a-fresh-focus">A fresh focus</h2>



Building on its legacy, The Hive Group has undergone an extensive restructuring, leading to the launch of its Tech Hive division. This division is designed to further strengthen The Hive Group’s capabilities by integrating advanced technology and data-driven methodologies into its service offerings. Through this, the Group is identifying more innovative ways to help brands navigate the complexities of the modern marketing landscape.



“We deliver creative solutions inspired by data and use insights from numerous sources. Tech Hive excites us because we now have our own data shop accessible 24/7, allowing us to deliver creative solutions quicker, map out consumer journeys, and ultimately produce high-quality products faster,” says Fiso Tshivhandekano, Managing Director of Idea Hive.



This repositioning reflects the Hive Group&#8217;s understanding of the dynamic landscape of marketing, where agencies must continually evolve and embrace innovation. The launch of Tech Hive underscores The Hive Group’s commitment to delivering precise, impactful solutions that drive organisational success.



<h2 class="wp-block-heading" id="h-a-refined-approach">A refined approach</h2>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1200" height="628" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Martech.jpg" alt="" class="wp-image-523508" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Martech.jpg 1200w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Martech-300x157.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Martech-820x429.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Martech-160x84.jpg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Martech-768x402.jpg 768w" sizes="auto, (max-width: 1200px) 100vw, 1200px" /></figure>



Central to this approach is The Hive Group’s strategic partnerships. Collaborating with mParticle, which combines real-time data quality and governance protections with AI-powered insights, the Group can now unlock even more powerful data-driven insights for its clients. Similarly, its partnership with StoryTeq allows the Group to produce high volumes of personalized content at scale through creative automation, ensuring that every marketing campaign is targeted and relevant.



The Hive Group’s powerful customer data platform, driven by mParticle technology, empowers brands to create detailed customer profiles by integrating data from various sources. This gives a holistic view of customer behaviours and preferences to ensure that marketing campaigns are targeted and relevant. The goal is to provide brands with the insights needed to drive better engagement and higher conversion rates.



“Our use of mParticle shows the practical benefits of creating precise customer segments. Being able to identify frequent buyers and seasonal shoppers helps organisations tailor marketing messages to each group,” says Yaw Dwomoh, CEO of The Hive Group.



Moreover, Tech Hive’s Martech stack allows The Hive Group to group individuals with similar thoughts and develop personalised solutions. This insights-driven approach enables businesses to transform data into actionable strategies that foster deeper customer connections and drive success.



“Our precision marketing has now reached the next level,” says Tshivhandekano. “We are fully tech-enabled, using our AI tool to figure out real business challenges for creative solutions. This insights-driven approach removes the guesswork and focuses on finding the real challenges to solve for greater business success.”



<h2 class="wp-block-heading" id="h-data-driven-insights-help-break-down-stereotypes">Data-driven insights help break down stereotypes</h2>



One of the key areas where Tech Hive is making a difference is in its approach to debunking cultural stereotypes. Traditional marketing often relies on broad assumptions about consumer behaviour, which can lead to ineffective campaigns. However, Tech Hive’s data-driven insights reveal a different reality—one where consumers are more likely to engage with brands that resonate with their thoughts and values.



“Our Martech stack allows us to group individuals with similar thoughts and develop personalised solutions. Businesses set up loyalty programs and collect consumer data but often do not know how to use it to grow their business and derive income through loyalty. Tech Hive helps businesses overcome this challenge by transforming data into actionable insights, enabling closer customer connections and tailored services,” explains Tshivhandekano.



<h2 class="wp-block-heading" id="h-precise-marketing">Precise marketing</h2>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="429" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Storyteq-820x429.jpg" alt="" class="wp-image-523509" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Storyteq-820x429.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Storyteq-300x157.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Storyteq-160x84.jpg 160w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Storyteq-768x402.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/Storyteq.jpg 1200w" sizes="auto, (max-width: 820px) 100vw, 820px" /></figure>



By leveraging in-house AI tools, Tech Hive can now identify real business challenges and devise creative solutions based on data-driven insights rather than gut feelings. This approach ensures that strategies are not only relevant but also aligned with business goals, leading to greater impact and success.



This precision in marketing has been significantly enhanced by leveraging in-house AI tools. Tech Hive can now identify real business challenges and devise creative solutions based on data-driven insights, ensuring strategies are not only relevant but also aligned with business goals.



<h2 class="wp-block-heading" id="h-data-solutions-across-africa">Data solutions across Africa</h2>



As Tech Hive continues to drive innovation, its data solutions resonate beyond just marketing. Globally, companies across industry sectors are turning to data-driven advertising solutions, with digital advertising spending <a href="https://www.statista.com/outlook/dmo/digital-advertising/worldwide">projected</a> to top $740 billion by the end of this year. The rapid growth of artificial intelligence (AI), machine learning, and real-time data analytics has transformed the marketing landscape, enabling brands to engage with customers in more personalised ways.



“Both Idea Hive and Tech Hive will continue to adapt and innovate to reflect market trends. Our focus will remain on delivering powerful solutions that unlock new opportunities for our clients to achieve their goals,” says Dwomoh.



<h2 class="wp-block-heading" id="h-evolving-to-meet-market-demands">Evolving to meet market demands</h2>



The Hive Group’s repositioning and the launch of Tech Hive mark a significant step forward in the company’s evolution. By merging creativity with cutting-edge technology and leveraging data-driven insights, The Hive Group is well-positioned to help brands navigate the complexities of the modern marketing landscape.



As the company continues to innovate and expand its capabilities, it remains committed to driving business success for its clients across Africa and beyond.



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Welcoming a new era of data-driven marketing

Africa is the world’s second most populated continent, accounting for just under 18% of the global population.&nbsp; Despite this, the continent is accountable for at least 25% of the world’s disease burden.



With more than its fair share of diseases, the World Economic Forum estimates that the total demand for packaged medicines in Africa is around $18 billion per year.&nbsp; Interestingly, 61% of that is serviced through imported products, with only 36% being locally produced. Of the 36%, 40% of the production capabilities are confined to packaging and labelling with the remaining 40% limited to filling and finishing (Who Owns Whom, 2023).



For Africa to effectively service the medical requirements of its 1.4 billion people, countries on the continent must acknowledge the need to enhance their pharmaceutical and medical production capabilities.&nbsp;



In recognition of this, the OR Tambo International Airport Special Economic Zone (SEZ) has designed, and is in the process of developing, a globally competitive medical manufacturing cluster that will enhance the production and export of medical products from South Africa.&nbsp;



<h2 class="wp-block-heading" id="h-or-tambo-sez-s-bold-ambitions">OR Tambo SEZ’s Bold Ambitions</h2>



Comprised of 265,000m² of developable space, the OR Tambo SEZ Precinct 2 development is well positioned to support the production and export of time-sensitive products such as medicines.



Located on the doorstep of OR Tambo International, the SEZ is an ideal location for the production and export of high-value, light weight products that utilize air freight as a mode of transport.



In support of its competitive value proposition, the OR Tambo SEZ completed industry-specific research that identified different elements essential for the establishment of a globally competitive medical manufacturing cluster.&nbsp; The result of this research is a bold plan that aims to secure continental as well as international buy-in, thereby ensuring that the cluster is well positioned to support the manufacturing of different elements that form part of the broader pharmaceutical and medical product value chain in Africa.



<h2 class="wp-block-heading" id="h-the-competitization-of-the-or-tambo-sez-pharma-and-medical-cluster">The Competitization of the OR Tambo SEZ Pharma and Medical Cluster</h2>



The cluster-based approach is globally acknowledged as an effective approach to enhance economic growth and development.



For it to be competitive, any cluster must pursue and ensure the existence of linkages between different elements that form part of the production process; these include basic inputs, manufacturers, role players that approve the products for consumption and those that move the goods to market. Equally important are the research, development and innovation institutions.



The OR Tambo SEZ’s planned pharma and medical manufacturing precinct will have all the above inclusive of a variety of medical production processes such as pharmaceutical mixing, medical device component manufacturing, sub-assembling, labelling and packaging, warehousing and storage, training, standard testing, patent compliance and regulatory approval institutions.&nbsp;



Through this approach, the SEZ, which already boasts of a competitive location, is destined to become a world class pharma and medical products manufacturing destination.&nbsp;



<h2 class="wp-block-heading" id="h-available-incentives">Available Incentives</h2>



As a designated Special Economic Zone, the OR Tambo SEZ will also provide manufacturers that are looking to set up operations with the opportunity to access incentives that reduce the cost of production; this is particularly key, given that manufacturing costs remain a major impediment in the enhancement of manufacturing in Africa.



Available incentives include duty-free importation of production-related materials and assets as well as VAT exemption on exports.&nbsp;



<h2 class="wp-block-heading" id="h-or-tambo-sez-the-competitive-choice">OR Tambo SEZ: The Competitive Choice</h2>



Underpinned by factors such as a skilled labor force, South Africa has long been a location of choice for multinationals looking at Africa. The country also has an established supply chain to foster the medical manufacturing expansion.



All the above, coupled with Gauteng City-Region’s competitive positioning serving as a gateway to sub-Saharan Africa, make the OR Tambo SEZ an ideal location for the production, export and trade of pharmaceutical and medical products within Africa.



For more information on the pharmaceutical and medical cluster being developed at OR Tambo International Airport SEZ, visit: <a href="http://www.ortambosez.co.za">www.ortambosez.co.za</a>

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Establishing A Globally Competitive Pharma and Medical Manufacturing Cluster

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UJ also the number 1 university in South Africa and on the African continent



The University of Johannesburg (UJ) has consolidated its position among the leading institutions of higher learning in the world, soaring to its highest-ever position in global rankings. UJ secured a remarkable #36 position in the <a href="https://www.timeshighereducation.com/world-university-rankings/university-johannesburg">Times Higher Education (THE) Impact Rankings</a> released in June this year. This is quite a feat for a university, considering that this year’s rankings included 1,963 institutions, an increase of 372 from the previous year.&nbsp;The University’s standing in these global rankings marks a significant rise of 10 from its previous position of #46 in the 2023 edition.



Consistently leading as the top university in Africa and South Africa, UJ has also maintained its prestigious #1 spot on the continent and in the country. This achievement is for its exceptional contribution to poverty alleviation, securing the top position in Sustainable Development Goal (SDG) 1: No Poverty. Impressively, UJ now ranks #3 globally in this SDG category, highlighting its firm commitment to research and support initiatives aimed at assisting impoverished students and local communities.



This notable achievement highlights UJ&#8217;s dedication to addressing some of the world’s most critical challenges, including environmental sustainability, social inclusion, economic growth, and collaborative partnerships.



UJ’s performance across individual SDGs is commendable, achieving top 100 rankings in six SDGs:



#3 for SDG 1: No Poverty



#6 for SDG 8: Decent Work and Economic Growth



#13 for SDG 5: Gender Equality



#46 for SDG 10: Reduced Inequalities



#53 for SDG 4: Quality Education



#93 for SDG 2: Zero Hunger



Additionally, UJ’s rankings for other SDGs are as follows:



101-200 for SDG 7: Affordable and Clean Energy



101-200 for SDG 12: Responsible Consumption and Production



201-300 for SDG 9: Industry, Innovation and Infrastructure



201-300 for SDG 17: Partnerships for the Goals



301-400 for SDG 6: Clean Water and Sanitation



301-400 for SDG 16: Peace, Justice and Strong Institutions



401-600 for SDG 11: Sustainable Cities and Communities



401-600 for SDG 3: Good Health and Well-being



401-600 for SDG 13: Climate Action



Apart from its impressive showing in THE Impact Ranking, UJ has also continues its strong performance in the QS World University Rankings, maintaining its position among the top 350 globally. UJ is also recognised as the most improved African institution over the past five years. Earlier, THE Young University Rankings named UJ as the leading university in South Africa and Africa among institutions under 50 years old.



This recognition of UJ in the various global rankings&nbsp;highlights the University’s rapid growth and outstanding potential in the global academic arena. Despite its relatively short history of 20 years of existence, UJ has demonstrated exceptional progress, challenging well-established institutions, some of which have more than a century of legacy, says Letlhokwa George Mpedi, UJ Vice-Chancellor and Principal.



“The University remains steadfast in its commitment to addressing societal challenges through research and knowledge production. “Our progress is not just about numbers and figures; it’s all about the positive and lasting impact we have on our students and the broader society.”

VC profile Image

UJ soars to top its highest-ever position in the global university rankings

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Mobile money has exploded across African economies as an enabler of financial inclusion by bringing in large swaths of the population that remained unbanked into the fold to participate in economies across the continent.



According to <a href="https://www.gsma.com/sotir/wp-content/uploads/2024/03/GSMA-SOTIR-2024_Report.pdf">GSMA&#8217;s 2024 State of the Industry Report on Mobile Money</a>, registered mobile money accounts grew by 12% to 1.75 billion in 2023 while transaction values for international remittances via mobile money grew to almost $29 billion and merchant payments by 14% to around $74 billion.



Today, consumers can do anything with a mobile wallet that they can accomplish with a traditional bank account or card. In Kenya, where the mobile money market reached <a href="https://www.imarcgroup.com/kenya-mobile-money-market">$133.2 billion</a> in 2023 and M-Pesa holds a <a href="https://african.business/2023/10/african-banker/kenyas-higher-mobile-money-ceiling-risks-fanning-inflation">96.5%</a> market share, consumers can buy groceries from a grocer, purchase goods from the market, pay electricity bills or top up airtime with a simple code from M-Pesa. But, they’re not guaranteed to be able to do so outside of the country, region, or with international properties.



While many of the world’s largest digital merchants have started accepting mobile money payments, most international merchants still do not. This has meant that utilizing mobile money in the global commercial space is cumbersome, resulting in a gap between financial inclusion locally within the continent and access to the global financial system. Essentially, this means that individuals using mobile money can’t do things like make payments on an international airline’s website or pay for a Netflix account, small businesses can’t purchase ads on social media platforms like Facebook or search engines like Google, and content creators can’t get paid by the social media platforms they make content on.



Fortunately, card scheme payment rails have the ability to bridge that gap as cards continue to be the preferred payment method for consumers and merchants alike. That’s why it’s imperative to move beyond the idea that African economies will not adopt cards because of mobile money and instead look towards increased interoperability between mobile money wallets and card networks.



<h2 class="wp-block-heading" id="h-connecting-africa-to-itself-and-the-world">Connecting Africa to itself and the world</h2>



Much like the continent itself, the payments environment in Africa is highly dynamic and diverse. Across individuals and countries, payment types can vary significantly, resulting in a splintered and disconnected payment ecosystem. For example, when purchasing from Takealot in South Africa, consumers have the option to pay by credit card, an electronic fund transfer (EFT) from their bank or use domestic-flavored payment solutions such as PayFast, Ozow or Discovery Miles. However, international merchants or companies would have to integrate with each of these different payment service providers individually in every single economy on the continent in order to cater to a wide range of consumers, which is simply not feasible.



According to the <a href="https://www3.weforum.org/docs/WEF_Defining_and%20Measuring_Interoperability_2022.pdf">World Economic Forum</a>, the varied technical standards, laws and regulations that span countries across Africa contribute to the fact that historically many digital payment methods were closed loops and not interoperable with one another. Additionally, established mobile money interoperability in countries was usually limited to cases such as person-to-person transfers while merchant payments weren’t really considered.



But, advancements in payments interoperability technologies as well as strategic partnerships are facilitating the innovation needed to both achieve the desired convenience, speed and accessibility within the payments space while also enabling merchants to accept payments from and people to make payments to anyone .



Although before, people would need to transfer funds from their mobile wallet to a bank account and then use the bank-issued card to make a payment, this interoperability between the two legacy platforms—mobile wallet and card—means that both individuals and businesses are able to make direct payments by simply linking the two together.



Onafriq’s own partnership and subsequent acquisition of GTP, the number one processor for prepaid cards in Africa, in 2022 underscores the importance of card and mobile wallet interoperability by enabling participation in the global digital commerce environment, connecting traditional card scheme ecosystems such as Visa and Mastercard to the mobile money world.



Now, instead of a prefunded card where money can only be loaded on and not withdrawn, users can easily move money between their card and wallet. And, with digital cards, card networks can now be embedded directly onto the wallet app instead of carrying around a physical card. Even global players like Visa and Mastercard are realizing that the only way to be successful in Africa is to play hand in hand with mobile money clients and cater to their needs &#8211; as evidenced by Mastercard’s <a href="https://techpoint.africa/2024/02/06/mastercard-acquires-minority-stake-momo/">$200 million minority stake</a> in MTN’s fintech division.



<h2 class="wp-block-heading" id="h-making-borders-matter-less">Making borders matter less</h2>



As the world, and Africa, becomes more connected and digitalised, consumers are branching out in terms of where they’re purchasing goods from and merchants are catering to a more global customer base.



As such, African businesses and consumers alike should be able to make payments to any destination easily and through whichever payment channel they prefer. Cross-border payments need to become faster, cheaper, more transparent and accessible, while also ensuring their safety and security.



Payments interoperability between mobile money and cards will enable an ecosystem whereby you don’t need to link different payment methods, systems, and currencies to one another to ensure that no matter where you are, where you’re sending money to, or where you’re purchasing from, there is nothing standing in your way. Ultimately, ensuring that these different payment products are able to understand and speak to each other is enabling a more inclusive and accessible financial services landscape, making it as easy as possible for people to perform transactions in a way that is both affordable and reliable.

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