The Chief Executive Officer of the Development Bank of Southern Africa (DBSA), Boitumelo Mosako, emphasized the importance of the bank's strength for the region's development.

Mosako made these remarks at the Bank's 2023/24 Integrated Annual Results presentation in Johannesburg, South Africa, where the bank announced a net profit of $404 million US dollars and provided a total of $3.8 billion US dollars in infrastructure support.

Channel Africa Business Reporter Innocent Semosa was there and filed this report.

The Chief Executive Officer of the Development Bank of Southern Africa (DBSA), Boitumelo Mosako, emphasized the importance of the bank's strength for the region's development.
Mosako made these remarks at the Bank's 2023/24 Integrated Annual Results presentation in Johannesburg, South Africa, where the bank announced a net profit of $404 million US dollars and provided a total of $3.8 billion US dollars in infrastructure support.
Channel Africa Business Reporter Innocent Semosa was there and filed this report.

Africa Rise & Shine

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CEO of DBSA says the bank's strength is important for the region's development

Time now for our daily Africa Roundup.

Each morning, just after the six o'clock news, we bring you a concise update on the key developments shaping the continent and the world over the past 24 hours. With insights from our team of journalists, analysts, and newsmakers, we place the day's biggest stories into context , helping you stay informed, connected, and prepared for the day ahead.
And we start here; Sudan has appointed General Yassiral-Atta, a member of the country's Sovereign Council and assistant to the commander-in-chief Abdel Fattah al-Burhan, Chief of Staff of the country's Armed Forces. Al-Atta, who has served in the  military for more than 40 years, has frequently lashed out in public speeches against the United Arab Emirates, accusing the Gulf state of backing the RSF, as well as civilian politicians he says supported the paramilitary group.

Time now for our daily Africa Roundup.
Each morning, just after the six o'clock news, we bring you a concise update on the key developments shaping the continent and the world over the past 24 hours. With insights from our team of journalists, analysts, and newsmakers, we place the day's biggest stories into context , helping you stay informed, connected, and prepared for the day ahead. And we start here; Sudan has appointed General Yassiral-Atta, a member of the country's Sovereign Council and assistant to the commander-in-chief Abdel Fattah al-Burhan, Chief of Staff of the country's Armed Forces. Al-Atta, who has served in the &nbsp;military for more than 40 years, has frequently lashed out in public speeches against the United Arab Emirates, accusing the Gulf state of backing the RSF, as well as civilian politicians he says supported the paramilitary group.

Africa Roundup brings you the latest from across the continent

Cameroon is looking at amending its constitution so to allow the reintroduction of a Deputy President position. A joint session of Cameroon's National Assembly and Senate began talks on Thursday examining the constitutional amendment.

It is proposed that the Vice President would complete the mandate of the 93-year-old president, Paul Biya in case of death or incapacity. Tsepiso Makwetla spoke to Prof Elvis Ngolle Ngolle - Member of the Central Committee of the governing Cameroon People's Democratic Movement.

Cameroon is looking at amending its constitution so to allow the reintroduction of a Deputy President position. A joint session of Cameroon's National Assembly and Senate began talks on Thursday examining the constitutional amendment.
It is proposed that the Vice President would complete the mandate of the 93-year-old president, Paul Biya in case of death or incapacity. Tsepiso Makwetla spoke to Prof Elvis Ngolle Ngolle - Member of the Central Committee of the governing Cameroon People's Democratic Movement.

Cameroon considers constitutional change to reintroduce Deputy President role

The amount of untaxed wealth hidden offshore by the richest zero- point one percent exceeds the entire wealth of the poorest half of humanity (4.1 billion people). This is according to new Oxfam analysis published ahead of the 10th anniversary of the Panama Papers.

The findings show that, a decade later, the super-rich continue to exploit offshore systems to evade taxes and conceal assets, highlighting the urgent need for coordinated international action to tax extreme wealth and end the use of tax havens.

Oxfam estimates that over three trillion US dollars in untaxed wealth was stashed offshore in tax havens and unreported accounts in 2024.

Peter Ndoro Spoke to  Oxfam International's Tax Lead Christian Hallum.

The amount of untaxed wealth hidden offshore by the richest zero- point one percent exceeds the entire wealth of the poorest half of humanity (4.1 billion people). This is according to new Oxfam analysis published ahead of the 10th anniversary of the Panama Papers.
The findings show that, a decade later, the super-rich continue to exploit offshore systems to evade taxes and conceal assets, highlighting the urgent need for coordinated international action to tax extreme wealth and end the use of tax havens.
Oxfam estimates that over three trillion US dollars in untaxed wealth was stashed offshore in tax havens and unreported accounts in 2024.
Peter Ndoro Spoke to &nbsp;Oxfam International's Tax Lead Christian Hallum.

CEO of DBSA says the bank's strength is important for the region's development

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