SADC

Nukkleus Signs Term Sheet for Acquisition of Leading Cross Border Payments Firm Mercury Global

Retrieved on: 
Wednesday, February 14, 2024

Nukkleus Inc. (NASDAQ: NUKK), a pioneering force in the fintech industry, is excited to announce that it has signed a term sheet for the acquisition of Mercury Global, a leading cross-border payments firm with operations in London and South Africa.

Key Points: 
  • Nukkleus Inc. (NASDAQ: NUKK), a pioneering force in the fintech industry, is excited to announce that it has signed a term sheet for the acquisition of Mercury Global, a leading cross-border payments firm with operations in London and South Africa.
  • This significant step marks Nukkleus' strategic move to further strengthen its presence in the dynamic world of cross-border payments.
  • Alastair Constance, CEO of Mercury Global commented: "We are excited about the prospect of joining forces with Nukkleus Inc.
  • By integrating Mercury Global, Nukkleus not only strengthens its market position but also enhances its service offerings, ensuring greater efficiency, security, and inclusivity across the financial ecosystem.

Eisai Commences Fully-Fledged Business Activities at Pharma Sales Subsidiary in South Africa

Retrieved on: 
Thursday, February 1, 2024

Commencement of Direct Sales Operations in Africa, and Establishment of Branch Office in Kenya

Key Points: 
  • Commencement of Direct Sales Operations in Africa, and Establishment of Branch Office in Kenya
    TOKYO, Feb 1, 2024 - (JCN Newswire) - Eisai Co., Ltd. announced today that fully-fledged operations have begun at Eisai Pharmaceuticals Africa (Pty) Ltd ("Eisai South Africa"), a pharmaceutical sales subsidiary recently established in Johannesburg, South Africa, and direct sales operations and business activities have commenced in Africa.
  • Eisai South Africa is a wholly-owned subsidiary of Eisai.
  • Eisai South Africa has started sales and marketing activities directly for Lenvima and Fycompa from January 2024, as well as Halaven from February 2024.
  • Seeking solutions to these challenges in Africa, Eisai will continue its initiatives to deliver necessary medicines to the patients who need them through Eisai South Africa and Eisai Kenya.

South Africa to lead new military force in the DRC: an expert on what it's up against

Retrieved on: 
Wednesday, January 3, 2024

The United Nations peacekeeping mission in the Democratic Republic of Congo (DRC), Monusco, is ending after 20 years. It will be replaced by troops from the Southern African Development Community (SADC), led by the South African military. Thomas Mandrup, an expert in African security governance and South African military and foreign policy, recently wrote a paper on the subject. We asked him about the new mission and what awaits it.What prompted the deployment?There was also increased frustration with the East African Community Regional Force because of its lack of positive impact on the security situation in the eastern DRC.

Key Points: 


The United Nations peacekeeping mission in the Democratic Republic of Congo (DRC), Monusco, is ending after 20 years. It will be replaced by troops from the Southern African Development Community (SADC), led by the South African military. Thomas Mandrup, an expert in African security governance and South African military and foreign policy, recently wrote a paper on the subject. We asked him about the new mission and what awaits it.

What prompted the deployment?

  • There was also increased frustration with the East African Community Regional Force because of its lack of positive impact on the security situation in the eastern DRC.
  • The DRC became a member of the East Africa Community in 2022 and has historical trade relations with east Africa.

What challenges await the SADC mission?

  • The SADC force is expected to attempt, in cooperation with the local security forces, to neutralise the main rebel groups operating in the eastern DRC.
  • This is something that Monusco and the East African Community Regional Force have not been able to do for the last 20 years.
  • The rebel groups have operated in that area for many years, know the terrain, and are integrated with the local population.

What role will the South African National Defence Force play? What resources does it have?

  • The South African National Defence Force will lead the SADC intervention force.
  • However, the South African National Defence Force is overstretched and underfunded and has been for a long time.
  • The South African National Defence Force faces a host of challenges.
  • The defence force has problems keeping its equipment operational and has, for instance, only one operational C-130 transport aircraft.
  • The South African National Defence Force has reached a stage where it can no longer continue to deploy without significant additional funding and intake of recruits.

What are the risks?

  • If the needed funding is not secured, the troop contributing countries will have to fund the missions from their own budgets.
  • The SADC mission in Mozambique, for instance, has struggled with funding, which has hampered its operational capabilities.
  • Notably, the South African National Defence Force is in a worse shape than it was in 2013.


Thomas Mandrup receives funding from The Carlsberg Foundation.

Food crisis in Africa: the high cost of imported fertilisers is adding to the problem

Retrieved on: 
Tuesday, July 25, 2023

High fertiliser prices undermine production, contribute to high food prices, and exacerbate food insecurity.

Key Points: 
  • High fertiliser prices undermine production, contribute to high food prices, and exacerbate food insecurity.
  • High prices for fertiliser inputs are squeezing African farmers who are cutting back on fertiliser use meaning low yields and supply, and high food prices.
  • International action is therefore urgently required on fertiliser prices to improve food security in Africa.

Impact

    • Production The harvest season has recently come to an end in most countries in southern Africa.
    • There’s evidence that farmer margins and production are being squeezed by high input costs.
    • Continued high fertiliser prices will constrain production, even while there is a great need to expand agriculture output to meet regional demand.
    • If farmers earned better returns, with cheaper input costs, then production could be a multiple of the current levels.

Uneven playing field

    • International fertilizer prices more than doubled in two months – from September to November 2021.
    • The peak continued into early 2022, reaching an average price of US$915/t for the benchmark urea fertilizer between March and April 2022.
    • The fertilizer companies exploited the shocks and raised prices by more than the increase in costs.

What needs to be done

    • To ease the adverse impacts of high fertilizer prices, governments in the region have tried to implement fertilizer subsidy programmes.
    • For example, prices in Tanzania with the government subsidy have been reduced from around $1100/t to US$600-700/t.
    • International action is therefore urgently required on fertilizer prices to improve food security in Africa.

Zimbabwean migrants: South Africa's anti-immigrant sentiments are hindering policy reform

Retrieved on: 
Friday, July 21, 2023

It prevents him from terminating the South African government’s concession to refugees from neighbouring Zimbabwe nearly fifteen years ago.

Key Points: 
  • It prevents him from terminating the South African government’s concession to refugees from neighbouring Zimbabwe nearly fifteen years ago.
  • In April 2009, South Africa provided legalised shelter for Zimbabweans hit by economic and political crisis in their country across the Limpopo River.
  • The Zimbabwe Dispensation Project was the first form of a policy to temporarily accommodate Zimbabwean refugees.
  • Children born in South Africa were expected and allowed to obtain Zimbabwean citizenship and were not allowed South African citizenship.
  • Our programme of research seeks to show how South Africa could learn positive lessons on migration reform from other African countries and elsewhere.

Hostility to migration

    • Reforms will be hidden behind a veil of hostility to foreigners.
    • A textbook on migration warns us, when it comes to migration policies, “not to equate political rhetoric with policy practice”.
    • It is not surprising that in many countries migration policies seem confused or incomprehensible.
    • The New South Institute is running the Migration Governance Reform in Africa project, or MIGRA.
    • Our project grows as much out of optimism about recent developments on migration governance around the African continent, as from the frustration and confusion about migration policy in many places.

Mozambican terror group is strikingly similar to Nigeria's deadly Boko Haram

Retrieved on: 
Wednesday, July 5, 2023

The bloody conflict sparked by Ansar al-Sunna in northern Mozambique has since changed the region’s security landscape.

Key Points: 
  • The bloody conflict sparked by Ansar al-Sunna in northern Mozambique has since changed the region’s security landscape.
  • Ansar al-Sunna, also called Al-Shabaab Mozambique, is an Islamic extremist movement which has gained prominence in Mozambique’s northern Cabo Delgado province.
  • The group’s goals and operations, and the challenges it poses, are similar to those of the most feared terrorist groups in other African countries.
  • Decades of research on conflict in Africa made me aware of similarities between Ansar al-Sunna and Boko Haram.


Read more:
Mozambique insurgency: focus needs to shift to preventing criminality at sea

Similarities

    • In Nigeria, Boko Haram set out to separate from secular society, and draw students from poor Muslim families to an Islamic school in Borno State.
    • It started by rejecting Mozambique’s educational, health and legal systems on religious grounds.
    • It demanded that its followers support alternative services offered at its mosques – a counter-society of a kind.
    • Second, there is no real documented evidence of direct control of either Boko Haram or Ansar Al-Sunna by foreign jihadists.
    • Third, I argue in my paper that both Boko Haram and Ansar al-Sunna are largely funded by dubious and illegal sources.
    • Instead, regional military responses were unleashed – by ECOWAS in Nigeria, and the SADC and Rwanda in Mozambique.

Looking forward

    • They also prevent the relevant state institutions in Nigeria and Mozambique from solving the problem.
    • Here's why

      The central governments and state institutions are unable to address the dire socio-economic conditions and related instability.

    • The conflict in northern Mozambique could become a long, low-intensity war, as it has in Nigeria and Somalia.

Highlights - INTA delegation to South Africa - Committee on International Trade

Retrieved on: 
Thursday, April 20, 2023

INTA delegation to South Africa

Key Points: 
  • INTA delegation to South Africa
    20-04-2023 - 11:25
    A delegation of seven Members of the Committee on International Trade (INTA) and the Chair of the Delegation for relations with South Africa travelled to Pretoria, Johannesburg and Cape Town between 3 and 7 April 2023.
  • The aim of the delegation, led by INTA Chair Bernd Lange, was to engage with representatives of the South African Government, Members of Parliament as well as with other relevant stakeholders and discuss the implementation of the EU-Southern African Development Community (SADC) Economic Partnership Agreement while exploring the room for its improvement as well as to examine further regional integration.

MultiChoice Studios: Taking premium African content to the world in 2022

Retrieved on: 
Friday, March 4, 2022

Johannesburg, March 04, 2022 (GLOBE NEWSWIRE) -- JOHANNESBURG,1 MARCH 2022:MultiChoice Studios, the content sales and distribution arm of the MultiChoice Group, will be takinga new selection of premium African contentto the world in 2022.

Key Points: 
  • Johannesburg, March 04, 2022 (GLOBE NEWSWIRE) -- JOHANNESBURG,1 MARCH 2022:MultiChoice Studios, the content sales and distribution arm of the MultiChoice Group, will be takinga new selection of premium African contentto the world in 2022.
  • Established in 2013,MultiChoice Studios offers over 65000 hours of contentin a range of different formats and genres, showcasing African stories to the world.
  • MultiChoice Studios offers access to this vast treasure trove of storytelling and is the destination of choice for content buyers from around the world.
  • It is the best place for the international film and television industry to find quality, award-winning African content.

Zambia Transport Report 2022, Featuring Profiles of 30 Companies Including The Tanzania Zambia Railway Authority, DSV, Greendoor Group, Royal Air Charters and Proflight Commuter Services - ResearchAndMarkets.com

Retrieved on: 
Friday, February 11, 2022

However, economic conditions and poor maintenance of transport infrastructure mean that this industry faces significant challenges, and requires further investment.

Key Points: 
  • However, economic conditions and poor maintenance of transport infrastructure mean that this industry faces significant challenges, and requires further investment.
  • This report covers the Zambian Transport Industry, which includes road, rail, air, water and pipeline transport systems for passengers, freight, cargo, and crude oil.
  • There are profiles of 30 companies including rail company The Tanzania Zambia Railway Authority and TAZAMA pipelines.
  • Road Transport companies profiled include DSV, Freight and Passenger Services and Greendoor Group, and air transport companies profiled include Corporate Air, Royal Air Charters and Proflight Commuter Services.

Ethos Asset Management Inc., USA Expands and Incorporates Subsidiary in South Africa

Retrieved on: 
Wednesday, October 27, 2021

Today, Ethos Asset Management Inc., USA announced the formation of Ethos Asset SA (Pty) Ltd in Johannesburg, a recent creation and addition to the Ethos Group.

Key Points: 
  • Today, Ethos Asset Management Inc., USA announced the formation of Ethos Asset SA (Pty) Ltd in Johannesburg, a recent creation and addition to the Ethos Group.
  • The company was incorporated on October 18th,2021, by the President and CEO of Ethos Asset Management Inc., USA, Carlos Santos, in Johannesburg.
  • Carlos Santos, President, and CEO of Ethos, stated, "We were very excited and motivated to establish a subsidiary of Ethos in South Africa.
  • About Ethos Asset SA (Pty) Ltd:
    Ethos Asset SA (Pty) Ltd, a joint-stock company, incorporated under the laws of South Africa, is a subsidiary of Ethos Asset Management, with a global outreach in project financing.