South Africa joins Afreximbank as 54th sovereign member, unlocking $11 billion commitment
via Mmegi1 min read
South Africa has become the 54th sovereign member of the African Export-Import Bank Afreximbank Establishment Treaty. This membership provides Afreximbank with broad continental coverage and positions South Africa, which accounts for nearly 19.1% of Africa鈥檚 total trade in 2024, at the strategic center of transforming the continent's trade architecture. South Africa's accession is anticipated to impact economies across Southern, East, West, and North Africa. Afreximbank's commitment of $11 billion supports South Africa's National Development Plan 2030 and strengthens the country's dedication to promoting African industrial development.
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This summary was AI-generated from a story originally published by Mmegi.
Former Botswana Democratic Party BDP secretary-general Kavis Kario is reportedly being considered by party structures in Maun West as a potential parliamentary candidate for the 2029 General Election. This development comes as the BDP aims to regain constituencies lost in the 2024 polls, with some party members advocating for early campaign preparations. BDP president Mpho Balopi previously suggested holding primary elections two years before the general election to allow candidates more time to establish themselves. Sources indicate Kario has been meeting with local party structures after transferring his membership to Maun West from Ngami. While no official endorsement has been made, influential members are reportedly supporting him. Proponents of this early engagement believe it allows candidates to familiarize themselves with the constituency and build relationships with residents. However, some BDP members express concern that openly lobbying for one candidate years before the primaries could create an uneven playing field and discourage other aspiring contestants, potentially impacting internal democracy. Kario declined to comment on the speculation, calling it an internal party matter.
A group of 168 residents from Bodungwane, led by Ompegile Ratsie, Gofaone Leburu, Lorato Leburu, and Bonolo Modise, has filed an urgent application with the High Court to prevent their eviction from land they claim their families have occupied for over a century. The residents, represented by Ndzinge Makhamisa Law Group, are challenging the Kgatleng Land Board, the Bodungwane Farmlands Borehole Syndicate, seven members of the syndicate, and Deputy Sheriff Lotty Manyepetsa. In an affidavit before Justice Ranier Busang of the Lobatse High Court, Ratsie states that the threatened eviction violates their constitutional rights and disregards legal procedures requiring a hearing before removal from occupied land. The residents assert that their homes, livestock, fields, and graves are in Bodungwane and they have no alternative place to go. They trace their occupation back to approximately 1901 when Kgosi Isang Pilane reportedly allocated the land to their ancestors under customary law. Ratsie argues that the applicants are descendants of Basarwa families who have continuously occupied the area since before the modern land administration system was established, and the lack of formal Land Board allocation certificates does not render them illegal occupiers.
The Botswana Congress Party BCP is experiencing significant internal divisions as it prepares for its elective conference. Once known for calm internal contests, the main opposition party is now marked by open factional battles and public campaigning by rival teams, raising concerns about unity before the 2029 General Election. The conference will elect new national leadership, with members appearing more divided than in the past. The BCP's tradition of avoiding personal attacks during internal elections has eroded due to open rivalry, with competing camps mobilizing support through organized teams, public meetings, and media engagements. Appeals from senior party leaders for issue-based campaigns have had little impact, as campaign rhetoric has intensified. A key contest is for the vice president position, where incumbent Taolo Lucas is defending his role against Member of Parliament Unity Dow. Dow's supporters, campaigning under the slogan "Re Motia," advocate for fresh leadership to reposition the BCP for the 2029 national polls, believing new faces will attract voters and strengthen electoral prospects.