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South Africa (SA) Architects Rally to Tackle Housing Shortage Amid rapid Urban Growth

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South Africa is currently experiencing rapid urbanisation, with 63% of the population already residing in urban areas, a figure projected to rise (https://apo-opa.co/3Yt1Azg) to 71% by 2030. By 2050, it is estimated that eight out of every 10 people in the country will live in urban areas. As a consequence, the demand for basic infrastructure and essential services will significantly increase.

While urbanisation is a worldwide development, the growth rate is the fastest in Africa. By 2035, half of its population (https://apo-opa.co/4d151l7) will be living in cities and urban areas. But so far, it has largely translated into rising informal establishments, especially in sub-Saharan Africa, increasing poverty and inequality.

One of the most pressing issues is the dire state of the architectural profession in the region with too few skills on hand.

“As the demand for proper urban planning and development escalates, so does the need for skilled and competent architects who can contribute to sustainable and inclusive cities. However, the current state of the profession is cause for concern, with various obstacles hindering its progress. One of the most significant challenges is the housing crisis, which creates complex issues for architects,” says Devi Paulsen-Abbott at Energy Capital&Power.

The ever-growing urban population has put immense pressure on the limited housing options available, resulting in a dire need for affordable and sustainable solutions. Architects have a crucial role to play in developing innovative and sustainable housing options for all citizens.

“These are the professionals who possess the skills, knowledge, and creativity to design and build the spaces we live and work in. They have the potential to transform our cities and shape them into liveable, inclusive, and sustainable environments. However, the current state of the architectural profession in Southern Africa is hindering its ability to fulfil this critical role,”  Paulsen-Abbott states.

Another big challenge facing the local architectural profession is the lack of collaboration between the public and private sectors, she says. “The development of our cities requires a joint effort from both these sectors, but there is a significant disconnect between them.”

As a result, many projects are abandoned, delayed, or poorly executed, leading to subpar living conditions for citizens. Paulsen-Abbott explains that this disconnect also stems from the inadequate recognition and support for the architectural profession. “Despite its crucial role in shaping our built environment, architecture is often undervalued and underfunded by the public sector,” she says. “This results in a lack of resources and opportunities for architects to develop their skills and push the boundaries of innovation in design.”

To address these pressing issues, the upcoming Architecture South Africa Conference (AZA24) (https://ArchitectureZA.org.za/) is a much-needed event. Bringing together over 50 experts under the theme “Where Architecture Meets… US/ PLANET/ FUTURE…” the conference promises to be an insightful and thought-provoking exploration of the dynamic relationship between architecture, humanity and sustainability.

This highly anticipated event, hosted by the SA Institute of Architects (SAIA), Gauteng Institute for Architecture (GIFA), and University of Johannesburg (UJ), will take place from 4-7 September 2024 on the UJ campus.

AZA Convener, Daniel van der Merwe, says: “This conference is a vital opportunity for the architectural profession to come together, collaborate, and find solutions to the challenges facing our cities. By bridging the gap between the public and private sectors, architects can work towards creating more liveable and sustainable cities for all.”

AZA will also serve as a platform for architects to showcase their innovative designs and ideas, encouraging further growth and development within the profession.

“As citizens, we must also realize the importance of the architectural profession in creating a better future for us all. We must demand that our governments prioritise urban planning and development, and allocate sufficient resources and support for the architectural profession,” van der Merwe says. 

“The Architecture South Africa Conference AZA 2024 is a call for united action. We know the challenges South Africa faces, lack of sufficient housing, spatial inequality and ailing infrastructure. As architects our ultimate goal is to improve the lives of the end users of the spaces we design, inclusive of everyone in our beautiful country. AZA looks to open the discourse on how we can achieve this. Bringing together thought leaders to empower us all for a bright future,” notes Claire McCusker, President 2024/25 of SA Institute of Architecture (SAIA).

Distributed by APO Group on behalf of Energy Capital&Power.

About SAIA:
The South African Institute of Architects (SAIA) (https://SAIA.org.za/) is a voluntary association for Professional Architects. SAIA’s mission is to act as the collective voice serving the interests of its members in pursuit of excellence and responsible design. It aims to uphold the dignity of the architectural profession and contribute meaningfully to the enhancement of society and the environment. The fundamental principles of equality and justice are implicit in our Constitution. SAIA incorporates the nine existing regional institutes: Border-Kei [Eastern Cape], CIfA [Western Cape], Eastern Cape, Free State, GIfA [Gauteng], KZNIA [KwaZulu-Natal], Limpopo, Mpumalanga and PIA [Gauteng].

 About GIfA:
The Gauteng Institute for Architecture (GIfA) (www.GIfA.org.za/) boasts a rich legacy, tracing its roots back to 1900 as the Transvaal Institute of Architects. Today, we’re dedicated to nurturing architectural excellence and raising awareness of the built environment. Our focused committees explore specific topics, addressing both current and historical issues. Moreover, we offer extensive training and development opportunities to members, ensuring continuous professional growth. Through collaborative endeavors and innovative initiatives, GIfA remains at the forefront of architectural advancement, enriching our profession and the communities we serve in the greater Johannesburg area.

About University of Johannesburg:
At the Department of Architecture (https://apo-opa.co/3YlLbg4), our vision is to become the leading school of architecture on the sub-continent via the pursuit of alternative, progressive, and critical spatial practices. We continually strive to be the embodiment of a design-led school of architecture by exploring the making of contextually responsive and appropriately built environments. Our mission is to broaden the scope of architecture through collaborative processes of innovative design, research, and making. We define our identity as a school of architecture that encourages teaching philosophies and a design-studio culture closely related to the changing nature of contemporary cities, specifically Johannesburg, the city which gives our university its name. We achieve this mission by integrating the physical, theoretical, field, and design studio.

 About Energy Capital&Power:
Energy Capital&Power (ECP) ECP (https://EnergyCapitalPower.com) is the leading Africa-focused global energy investment platform. Through events, advisory work, news, online content and investment reports, ECP unites the entire energy value chain – from oil and gas exploration to renewable power generation – and facilitates global and intra-Africa investment and collaboration. ECP is committed to bringing together like-minded people with the common objective of facilitating the critical investments that will power Africa’s economies, build communities and shape societies. ECP is the place to meet dealmakers and make deals. The company covers the whole value chain of the energy sector: oil and gas, power generation, infrastructure, renewable energy, mining, energy infrastructure, investment and finance and government.

Industry Leaders Forum at Critical Minerals Africa (CMA) 2024 to Drive Sustainable Mineral Production

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UN Secretary General António Guterres appointed (https://apo-opa.co/3WNr7Cg) a panel dedicated to developing a framework that ensures equity, transparency, sustainability and human rights among critical mineral extraction activities, in April 2024. Uniting government and industry stakeholders, the panel aims to encourage developing countries, including those in Africa – which holds over half of the world’s cobalt and manganese reserves and over one-fifth of aluminum and copper reserves – to leverage its critical minerals for enhanced job creation, economic diversification and export revenues.

Reflecting similar priorities, the Critical Minerals Africa (CMA) summit — scheduled for November 6-7 in Cape Town — will host an Industry Leader Forum to explore strategies for ensuring sustainable mineral production and navigating external factors like geopolitical risk, digital transformation and the energy transition. It will also address recent high-level initiatives – from the African Green Minerals Strategy to the global Minerals Security Partnership – and their role in shaping best practices for building resilient mineral supply chains. 

Initiated in 2022 by the African Development Bank, the African Green Minerals Strategy (AGMS) (https://apo-opa.co/3y8dZy4) serves as a comprehensive framework for leveraging the continent’s mineral resources for industrialization and the development of green technologies. The AGMS aims to articulate Africa’s interests in a rapidly changing world, build and retain local value, create jobs, develop new industries, and foster greener economies, as global demand for transition minerals rises. 

Meanwhile, the US-led Minerals Security Partnership (MSP) (https://apo-opa.co/3YpZf87) represents a collaborative effort among 14 countries and the European Union to bolster investment in responsible critical minerals supply chains. Through partnerships with governments and industries, the MSP provides support for strategic projects, particularly focusing on lithium, cobalt, nickel, manganese, graphite, rare earth elements and copper. Given Africa’s abundant mineral reserves, collaboration with the MSP is particularly relevant for the continent, enabling responsible mineral extraction and supporting local communities and economies, while advancing global clean energy goals.

In February 2023, MSP partners gathered in South Africa to establish guiding principles for global project development, emphasizing local value addition and maintaining sustainability and ESG standards. Representatives from mineral-rich nations, including non-MSP countries like Angola, Botswana, the Democratic Republic of the Congo (DRC), Tanzania, Uganda and Zambia, joined the discussions. The meeting sought to ensure that the growth of critical minerals supply chains benefits all stakeholders equitably, underlining the MSP’s commitment to responsible mineral extraction and sustainable development.

Furthering efforts to ensure a steady and sustainable supply of CRMs, the EU launched its Critical Raw Materials (CRM) Act in March 2023, as European demand for rare earth metals is expected to increase six-fold by 2030. As part of this initiative, the EU has engaged with several African countries including the DRC, Zambia, Rwanda and Namibia through various MOUs. These agreements aim to foster collaboration within integrating sustainable raw materials value chains, mobilizing funds for infrastructure development, promoting sustainable and responsible production practices, encouraging research and innovation and enhancing capacity building efforts.

Within this context, the Industry Leaders Forum: Driving Innovative Minerals Production at CMA 2024 will explore key trends within the African and global critical minerals landscape. Leaders will discuss how initiatives like the AGMS, MSP and European CRM Act will shape the future of sustainable mineral production and global supply chains.

CMA is the largest gathering of critical mineral stakeholders in Africa. Taking place from November 6 – 7 in Cape Town, the event positions Africa as the primary investment destination for critical minerals. This year’s edition takes place under the theme Innovate, Enact, Invest in African Critical Minerals to Sustain Global Growth, connecting African mining projects and regulators with global investors and stakeholders to untap the full potential of the continent’s raw materials. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital&Power.

Afreximbank and Lesotho National Development Corporation host the first joint project preparation workshop

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African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the Lesotho National Development Corporation (LNDC) co-hosted a Joint Project Preparation Facility (JPPF) workshop in Maseru, Lesotho, to help address investment gaps in project preparation and to highlight the critical role of project preparation.

Organised under the theme “Leveraging Project Preparation to Boost Trade and Investment in Lesotho,” the workshop that was held on 21 June 2024 attracted participation from Lesotho’s key government ministries, departments and agencies, captains of industry, policy makers, regulators and representatives of commercial banks.

The workshop is part of Afreximbank’s continued push for the development and implementation of high-quality projects across Africa. It highlighted some of the challenges faced by project developers and sponsors in preparing projects and how these can be addressed by accessing financing from project preparation facilities. Notably, the workshop examined the critical role project preparation facilities can play in unlocking investment inflows into Lesotho and closing out the prevalent infrastructure and investment gaps.

Mr. Zitto Alfayo, Head of Project Preparation at Afreximbank represented Mrs. Kanayo Awani, Executive Vice President Intra Africa Trade and Export Development (IATED), Afreximbank. He noted that such interventions will promote industrialization and export development activities in Lesotho thereby catalysing sustainable growth in the priority sectors as outlined in Lesotho’s National Strategic Development Plan II.

LNDC Interim CEO, Mr. Molise Ramaili emphasized that the JPPF collaboration was implemented at a time when his organisation is in the process of rolling out a strategy anchored on collaboration as a form of competitiveness, to leverage the strengths of like-minded players in economic development at local and regional levels. He challenged the Lesotho private sector to engage more with LNDC and Afreximbank to advance their projects to bankability and investment readiness.

The workshop followed the establishment of a Joint Project Preparation Facility (JPPF) partnership between Afreximbank and the LNDC in November 2022 with the overarching objective of increasing the number of investment-ready projects available for private sector investment in Lesotho. 

Distributed by APO Group on behalf of Afreximbank.

Media Contact:
Vincent Musumba
Manager, Communications and Events (Media Relations)
Email: press@afreximbank.com

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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2023, Afreximbank’s total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

Exness strengthens Financial Sector Conduct Authority (FSCA) regulatory status with Over-the-Counter Derivative Provider (ODP) license acquisition

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Exness (https://apo-opa.co/3LKDl87), one of the largest multi-asset retail brokers in the world, has announced that it has reached yet another significant regulatory milestone. The Financial Sector Conduct Authority (FSCA) has granted the company an ‘Over-the-Counter Derivative Provider’ (ODP) license in South Africa, broadening its license portfolio.

This achievement underscores Exness’ dedication to client security, high regulatory standards, and transparency within the South African market.

The ODP license mandates stringent risk management protocols, and reporting standards, providing clients with an extra layer of protection in the trading environment. This enhanced regulatory status further reinforces Exness’ position as a trusted broker for local traders.

Paul Margarites, Exness Regional Commercial Director, said, “The ODP license acquisition signifies a significant stepping stone for Exness in South Africa. Our promise to provide a frictionless trading experience doesn’t stop at trading conditions and a seamless client journey but extends to robust safety and security measures that put our clients first. In today’s online trading landscape adherence to the FSCA’s stringent standards ensures that our South African clients have an extra layer of peace of mind when trading with Exness.”

Exness uses technology and ethics to raise the industry benchmark and create favourable conditions for traders. It offers clients a frictionless trading experience through its superior proprietary platform and unique market protections, allowing traders to experience how the markets should be.

Distributed by APO Group on behalf of Exness.