World
SADC Scribe Calls for Scaling up Sustainable Development in Southern Africa
By Kester Kenn Klomegah
Southern African Development Community (SADC), an organization made up of 16 member states, was established in 1980.
It has as its mission to promote sustainable and equitable economic growth and socio-economic development through efficient, productive systems, deeper cooperation and integration, good governance and durable peace and security so that the region emerges as a competitive and effective player in international relations and the world economy.
In September 2013, Ms Lawrence Stargomena Tax began as the fourth Executive Secretary of the organization. According to the official information, her second term of office ends in August 2021.
As Executive Secretary, her key responsibilities include engaging all the members as an economic bloc, overseeing and implementing various programmes and projects in the Southern African region.
She has a diverse employment career, including holding a top position as the Permanent Secretary at the Tanzanian Ministry of Foreign Affairs and East African Cooperation from 2008 to 2013, thereafter appointed as the Executive Secretary of the Southern African Development Community (SADC) at the 33rd Summit of the Heads of State and Government held in Lilongwe, Malawi.
In this insightful and wide-ranging farewell interview with Kester Kenn Klomegah in May, Executive Secretary Lawrence Stargomena Tax discussed the most significant achievements and challenges in deepening cooperation and promoting socio-economic development as well as peace and security, and further makes suggestions for the future of Southern Africa. Here are the interview excerpts:
What would you say, in a summarized assessment about your work, especially achievements and challenges, during your term of office as Executive Secretary of the Southern African Development Community (SADC)?
The Southern African Development Community (SADC) Secretariat is the Principal Executive Institution of SADC, and the SADC Executive Secretary leads the SADC Secretariat as mandated by Articles 14 and 15 of the Treaty establishing SADC.
Functions of the SADC Executive Secretary include overseeing: strategic planning for the Organisation; management, coordination and monitoring of SADC programmes; coordination and harmonization of policies and strategies; mobilization of resources; representation and promotion of SADC; and promotion of SADC regional integration and cooperation.
Achievements: SADC has recorded numerous achievements since its establishment, some of which were recorded during my term of office, from September 2013 to date 2021.
The functions of the Executive Secretary notwithstanding, the recorded milestones are a result of collective efforts by the Member States, the Secretariat, and other stakeholders, as well as teamwork by the staff of the secretariat.
Eight (8) years is quite a long time, as such several achievements and milestones were recorded during the eight years of my tenure in office, allow me to highlight some of the key ones as follows:
Consolidation of democracy, and sustenance of peace and security in the region. The SADC region remains stable and peaceful, notwithstanding, isolated challenges. This is attributed to solid systems and measures in place, such as our regional early warning, preventive and mediation mechanisms, which facilitate timely detection and re-dress of threats and challenges, and effective deployments of SADC electoral observation missions.
Examples during my tenure of office, include SADC preventive mission to the Kingdom of Lesotho, SADC peace and political support to the Democratic Republic of Congo, SADC mediation in Madagascar, SADC facilitation in Lesotho, and effective deployment of electoral observation Missions to the SADC Member States. To mitigate and address threats posed by cybercrime and terrorism, cybercrime and anti-terrorism strategy was adopted in 2016. The strategy is being implemented at regional and national levels.
In the historical-political space, the Southern African Liberation struggles were documented through the Hashim Mbita Publication, a publication that comprehensively and authentically documents the struggles in the three SADC languages, English, French and Portuguese. The Publication enables all, especially the youth to understand and appreciate the history and the Southern African Liberation.
Forging a long-term direction of SADC through the adoption of the SADC Vision 2050, which is transposed on the Regional Indicative Strategic Development Plan (RISDP) 2020-2030. Vision 2050 sets out the long-term aspirations of SADC over the next thirty (30) years, while the RISDP 2020-30 outlines a development trajectory for the Region for ten (10) years to 2030. Vision 2050 is based on a firm foundation of Peace, Security and Democratic Governance, and premised on three inter-related pillars, namely Industrial Development and Market Integration; Infrastructure Development in support of Regional Integration; and Social and Human Capital Development. This also goes hand in hand with frontloading of Industrialization that aims at transforming SADC economies technologically and economically. Industrialization remains SADC main economic integration agenda since April 2015, when the SADC Industrialization Strategy and Roadmap 2015-2063 was approved.
By addressing the supply-side constraints as part of the implementation of the SADC industrialization strategy, cross border trade continues to grow, and the business environment has been improving, where the cost of doing business has been declining steadily and gradually. In addition, values chains were profiled, specifically in three priority sectors, namely mineral beneficiation, pharmaceutical and agro-processing, and a number of value chains have been developed and are being implemented. The Industrialization Strategy has also recognized the private sector as a major player in SADC industrialization and regional integration as a whole.
The adoption of the SADC Simplified Trade Regime Framework in 2019, which has contributed to the enhancement of trade facilitation, and adoption of the SADC Financial Inclusion and Small and Medium Enterprises (SMEs) Strategy that has enhanced financial inclusion in the Member States. Ten Member States have so far developed financial inclusion strategies, and there has been an 8 per cent improvement in financial inclusion to a tune of 68 per cent.
Introduction and operationalization of the SADC Real Time Gross Settlement System (RTGS), a multi-currency platform, which went live in October 2018. All Member States except Comoros are participating in the SADC-RTGS and a total of 85 banks are participating in the system. The SADC-RTGS has enabled the Member States to settle payments among themselves in real-time compared to previously when it used to take several days for banks to process cross border transactions. As of December 2020, 1,995,355 transactions were settled in the System, representing the value of South African Rands (ZAR) 7.81 Trillion.
Approval of the establishment of the SADC Regional Development Fund in 2015 which aims at mobilizing funds for key infrastructure and industrialization projects.
Realization of targets set in the SADC Regional Infrastructure Development Master Plan (RIDMP) that was approved in 2012, including the establishment of One-Stop Border Posts which entails joint control and management of border crossing activities by agents of the adjoining countries, using shared facilities, systems and streamlined procedure. These include:
One-Stop Border Posts at Chirundu Border between Zambia and Zimbabwe, and Nakonde -Tunduma border between Tanzania and Zambia; a third One-Stop Border Post, about to be operationalised is at Kazungula Border between Botswana and Zambia, where the road-rail bridge has been completed.
Cross-border infrastructure projects, both hard and soft, that have facilitated assimilated, cost-effective, unified and efficient trans-national infrastructure networks and services were developed and are being implemented. These projects include cross-border transmission links in the several Member States using optical fibre technology, thereby, allowing landlocked Member States such as Botswana, Eswatini, Lesotho, Malawi, Zambia and Zimbabwe to connect to the submarine cables on either or both the east and west coast of Africa. Five (5) Member States (Botswana, Eswatini, Namibia, South Africa and Tanzania) have achieved the 2025 SADC Broadband Target to cover 80% of their population, and eight (8) Member States, namely Angola, Botswana, Eswatini, Mauritius, Mozambique, Namibia, South Africa, Tanzania, have put in place National Broadband Plans or Strategies.
The installation and commissioning of more than 18300 Megawatts (MW) between 2014 and 2020 to meet the increasing power demand in the region. Connecting the remaining three (3) mainland Member States namely Angola, Malawi and the United Republic of Tanzania to the Southern African Power Pool remains a priority, and to this effect, the Zambia-Tanzania Interconnector is at the construction phase.
The adoption of the Regional Water Climate Change Adaptation Strategy and Flood Early Warning System in 2015. This has contributed to improvements in climate and weather forecasting, whereby a Southern African Regional Climate Outlook Forum has been established. The forum provides a platform for the Member States to review and discuss the socio-economic impacts and potential impacts of the climate outlook, including on food security, health, water and hydropower management, and disaster risk management.
The adoption of the SADC Disaster Preparedness and Response Strategy and Fund (2016-2030), which has contributed to the enhancement of regional disaster management and responses capacity.
A number of administrative milestones were also recorded during my tenure of office, including, institutional reforms, policy reviews, change management towards enhanced cooperate governance and effective delivery. Among others, the SADC Organization Structure was reviewed and streamlined in 2016 to deliver on the technological and economic transformation of the region, in line with the SADC Industrialization Strategy 2015-2063; and a number of policies and strategies, and guidelines were developed to enhance cooperate governance and change management.
As the first female Executive Secretary, since I joined the SADC Secretariat, Gender mainstreaming and Women empowerment were among the areas that I paid dedicated attention to. In this regard, all policies that were developed during my tenure mainstreamed gender and engendered women empowerment. A SADC Framework for Achieving Gender Parity in Political and Decision-Making positions was developed and provides strategies, and guidelines for strengthening the implementation of the SADC Protocol on Gender and Development in order to ensure that at least 50 per cent of all decision-making positions at all levels would be held by women by 2030, and progress is encouraging.
The Region also continued to intensify the fight against HIV and AIDS, TB and Malaria. To this effect, harmonized minimum standards for the prevention, treatment and management of the diseases were developed to promote health, through support for the control of communicable diseases; and preparedness, surveillance and responses during emergencies.
Here are the challenges: Challenges are expected in any organization, the most important thing is to address them timely and effectively. Challenges that I encouraged included:
A multi-cultural operating environment. This needed a high level of patience, and approaches that will facilitate inclusiveness and ownership. The challenges sometimes affected speed in terms of delivery, as one had to get a clear understanding of the issues at hand and devise appropriate problem-solving approaches.
Another problem is balancing diverse interests by the Member States. Sixteen (16) Member States is not a small number, each will have its own priorities and interests, which sometimes are not necessarily the same across the region or regional priorities. This needs one to be analytical and a quick thinker, applying negotiation and convincing skills.
The Region has also experienced a multiplicity of natural disasters with varying frequency and magnitude of impact, which sometimes occurred at an unprecedented scale, for example, Tropical Cyclone Idai with its devastating impacts, including loss of lives, displacement of people, and massive destruction to properties. In response, SADC strengthened the regional disaster preparedness and response coordination and resilience-building mechanisms, and more efforts are ongoing in this area.
The tail-end of my term of office encountered challenges associated with the COVID-19 pandemic, which still remains a major concern and a challenge globally, and in almost all SADC Member States. On the response side, SADC has exhibited determination, solidarity and has undertaken several coordinated regional responses and put in place various harmonized measures to fight the pandemic and mitigate its socio-economic impacts. These include regulations for facilitation of cross border movement of essential goods, services and transport, which were speedily developed and adopted, and were also harmonized at the Tripartite level bringing on board the Common Market for Eastern and Southern Africa (COMESA) and the East African Community (EAC).
These measures contributed to the containment of the spread of COVID-19 and facilitated the continuity of socio-economic activities and livelihood of SADC citizens. The SADC Secretariat also carried out an in-depth assessment of the socio-economic impacts of COVID-19 on SADC economies. The assessment revealed a number of sectoral impacts. Based on the assessment, measures to address the challenges have been put in place at national and regional levels, and at the SADC Secretariat.
Whereas the region has progressed in terms of its objectives, it is yet to achieve its ultimate goal of ensuring economic well-being, improvement of the standards of living and quality of life for the people of Southern Africa. Achieving this aspiration remains a challenge to be progressively tackled to the end.
The southern African region is unique in terms of stability and investment climate, but there are also differences in political culture, policies and approach toward development issues. How did you find “a common language” for all the 16 SADC leaders?
The common language of SADC revolves around basic tenets which include history, values and common agenda. Historically, the region has common principles and values. Dating back to the migration era, you will note that some of the parts of the SADC region are inhabited by the Bantu people who share some cultural similarities. Politically, the region united and stood in solidarity against colonialism a resolve that led to the liberation struggle that brought the Member States together (resulting in the formation of the Front Line States, then the Southern Africa Development Coordination Conference) to fight and break from colonialism.
In terms of values, SADC believes in mutual respect and equality. Although the Member States differ in size, wealth or development, they treat each other as equal sovereign states. Secondly, Member States make decisions through consensus, without anyone imposing on the other.
Lastly, SADC, like any other organization has a common agenda as spelt out in its Treaty, Article 5, which, among others, aims at “promoting sustainable and equitable economic growth and social-economic development that will ensure poverty alleviation with the ultimate objective of its eradication, enhance the standard and quality of life of the people of Southern Africa and support the socially disadvantaged through regional integration.” Based on the common agenda, a vision, and policies and strategies have been developed to guide the implementation and realization of the common agenda.
Therefore, notwithstanding some differences in political culture, national policies and approaches towards development issues, the history of the region, the shared principles and values embraced by the organization, and its common agenda have always enabled the Region and the Member States to find a common ground, language and interest as a region, that is for all the 16 SADC Member States and SADC Leaders.
You have always advocated for an increased economic partnership and for sustainable development in the region. Do you agree that there is still insufficiently developed infrastructure in the industrial sector and other sectors in the region? How can the situation, most probably, be improved in the long term?
SADC recognises that a seamless and robust infrastructural network will create the requisite capacity for sustained economic growth, industrialisation and development. Measures to enhance infrastructure in the industrial sector and other sectors are in place and being implemented as part of the SADC industrialization Strategy 2015-2063, and the SADC Regional Infrastructure Development Master Plan of 2012. It should however be noted that while steady progress is being recorded, investments in these areas require substantial resources and partnership between Public and Private Sectors. Estimates by the African Development Bank (AfDB), published in its African Economic Outlook of 2018, reveal that Africa’s annual infrastructure requirements amount to $130bn – $170bn, with a financing gap in the range of $68bn–$108bn. SADC, therefore, invites investors from within and outside the region to partner in these strategic areas for mutual benefits.
SADC has also established the Project Preparation and Development Facility (PPDF). The purpose of the PPDF funding is to enhance delivery on infrastructure development in the SADC Region, by bringing projects to bankability and as such facilitate investments by the private sector and/or cooperating partners.
SADC is also in a process of operationalizing the SADC Regional Development Fund that will, among others, mobilize funds for key infrastructure and industrialization projects.
How do you assess the economic potential in the region? What foreign players have shown keen interest and/or already playing significant roles in SADC? Within the context of AfCFTA, what may further attract them?
The SADC region is endowed with diverse natural resources, including almost all of the key minerals for feed-stocks into regional manufacturing, agriculture, construction, power and other sectors.
The Region has been cooperating with both the private sector and international cooperation partners to implement its various policies and strategies to ensure that the region benefits from its own economic potential. Entering into force of the AfCFTA provides an opportunity to SADC in collaboration with the Common Market for Eastern and Southern Africa (COMESA) and the East African Community (EAC) to expedite the operationalization of the COMESA-EAC-SADC Tripartite Free Trade Area as a necessary pillar for the AfCFTA, and thus expanded cross-border and international investments and trade.
In spite the degree of development complexities, you have SADC in your heart. Do you feel you have left something undone for the region? What are your last words, expert views and suggestions for ensuring sustainable social and economic growth in the region and for the future of SADC?
SADC is about cooperation and regional integration, and this is a continuous process, not an event. With the progress made, the gains need to be sustained, while at the same time accelerating and deepening integration progressively in areas that are either ongoing or yet to be embarked upon, including taking a bold decision and establishing the long-overdue SADC Customs Union and expeditiously operationalize the SADC Development Fund.
Here are my last words. I call upon SADC to remain focused and bring about the envisaged sustainable social and economic growth for the benefit of SADC citizens, in line with the trajectory set by SADC Vision 2050 and Regional Indicative Strategic Development Plan 2020-30, as supported by the SADC Industrialization Strategy and Roadmap 2015 – 2063, and the SADC Regional Infrastructure Development Master Plan 2012. Member States should continue implementing these initiatives.
World
Amid Rising Geopolitical Challenges India Prioritizing Global South Under its BRICS Leadership
By Kestér Kenn Klomegâh
By rotational procedures and consensus adopted in Brazil in December, India has taken over the BRICS+ presidency for 2026, underscoring its highly-enriching membership and gracious opportunity to deepen the intergovernmental association as a leading geopolitical force in the Global South. Brazil took over the BRICS presidency from Russia on January 1, 2025. Following its expansion, BRICS+ currently comprises ten countries: Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, South Africa and the United Arab Emirates.
Historically, its conceptual origins were articulated by Russian foreign minister Yevgeny Primakov in 1998, and can be traced to series of informal forums and dialogue groups such as RIC (Russia, India, and China) and IBSA (India, Brazil, and South Africa). In addition to that significant aspect of its history, BRIC was originally a term coined by British economist Jim O’Neill, and later championed by his employer Goldman Sachs in 2001, to designate a group of emerging markets.
The bloc’s inaugural summit was held in 2009 (Yekaterinburg summit) and featured the founding countries of Brazil, Russia, India, and China. These four founding members adopted the acronym BRIC and formed an informal diplomatic club where their governments could meet annually at formal summits and coordinate multilateral policies. The following year, South Africa officially became a member after it was formally invited and supported by China, and unreservedly backed by India and Russia.
South Africa joined the organization in September 2010, which was then renamed BRICS, and attended the third summit in 2011 as a full member. The biggest expansion witnessed Iran, Egypt, Ethiopia, and the United Arab Emirates attending the first summit as member states in 2024 in Kazan, the autonomous Republic of Tatarstan, part of the Russian Federation. Later on, Indonesia officially joined in early 2025, becoming the first Southeast Asian member. The acronym BRICS+ or BRICS Plus has been informally used to reflect new membership since 2024.
On 24 October 2024, an additional 13 countries, namely Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan and Vietnam, were invited to participate as “partner countries”. The partner status would allow these countries to engage with and benefit from BRICS initiatives. It is still unclear whether the countries in this tier have received official membership invitations. But there is the high possibility to ascend the association as full-fledged members in future.
Persistent Multiple Differences
Now as India takes on the helm of BRICS+, experts and research analysts are showing deep interest and are discussing possibilities of multilateral cooperation, existing challenges and identifying diverse priorities, the strength and weaknesses of BRICS+. On a more negative note, multiple contradictions keep piling up among the group, including questions about the future of BRICS as anything other than an ineffective growing talk-shop market.
The biggest obstacle being political divergencies and economic development perceptions. Cultures are distinctive different among the members of this informal BRICS+ association, while all are consistently advocating for wholesale reforms, especially of the United Nations Security Council, and multinational financial institution such as the World Bank (WB) and International Monetary Fund (IMF). Some the members have been adamant to undertake internal reforms at their own state institutions.
As a founding member of BRICS, India plans to find a more suitable path for balancing its non-aligned policy, forge new directions for the development of the Global South under its BRICS+ presidency, while emphasizing trends on the global economic landscape. Arguably, India will definitely act with precision. India is most likely to be non-critical, and moreso with an insight understanding that, not antagonism, but rather ‘cooperation’ must be the underlying basic principle of a multipolar environment.
India’s Rotating BRICS Presidency
Leaders’ meetings (or leaders’ summits) are held once a year on a rotating basis. BRICS has neither a permanent seat nor secretariat. A number of ministerial meetings, for example, between foreign ministers, finance ministers, central bank governors, trade ministers and energy ministers in the country which is presiding BRICS+ association.
Speaking at the BRICS summit back in 2014, Prime Minister Narendra Modi has assertively said that “reform of institutions of global governance … has been on the BRICS agenda since its inception.”
Later, prior to the Kazan summit, Prime Minister Modi explicitly stated that BRICS was never meant to be against anyone or be anti-western, and that it is only non-western. At the Kazan summit, Prime Minister Modi further stated: “We must be careful to ensure that this organization does not acquire the image of one that is trying to replace global institutions”.
At the 17th BRICS Summit held in Rio de Janeiro on 7 July 2025, Prime Minister Modi stated that India would give a “new form” to the BRICS grouping during its presidency in 2026.
Prime Minister Modi proposed redefining BRICS as “Building Resilience and Innovation for Cooperation and Sustainability” and emphasized a people-centric approach, drawing parallels with India’s G-20 presidency where the Global South was prioritized.
Prime Minister Modi affirmed that India would advance BRICS with a focus on “humanity first” highlighting the need for joint global efforts to address common challenges such as pandemics and climate change.
Prime Minister Modi also called for urgent reform of global institutions to reflect the realities of the 21st century, emphasizing greater representation for the Global South and criticizing outdated structures like the UN Security Council and World Trade Organization.
Clarifying further and clearly BRICS+ position: In a briefing in October 2024, Russian Foreign Ministry stated, on its website, that “BRICS framework is non-confrontational and constructive” and that “it is a viable alternative to a world living by someone else’s, alien rules” and by this functional definition, it reinforces BRICS role in the world. BRICS members has the opportunity to mutually deal with any country in the world. It is not prohibited to forge amicable relations with United States and in Europe.
President Putin quoted Prime Minister Narendra Modi in saying that “BRICS is not anti-western but simply non-western” and even suggested that BRICS countries could be a part of the Ukraine peace process.
There are other classical analysis. For instance, Joseph Nye wrote in January 2025 that BRICS, “as a means of escaping diplomatic isolation, it is certainly useful to Russia” and that the same goes for Iran. Nevertheless, political expert Nye explained that the expansion of the BRICS could bring in more “intra-organizational rivalries” which is limiting the groups’ effectiveness. Yet, BRICS consolidation has turned the group into a potent negotiation force that now challenges Washington’s geopolitical and economic goals.
Despite frequent criticisms against Donald Trump, most of BRICS members are pursuing relations with United States, with Kremlin appointing Chief Executive Officer of Russian Direct Investment Fund (RDIF) Kirill Dmitriev as the Special Representative of the Russian President for Economic Cooperation with Foreign Countries. Since his appointment, returning U.S. business to Russia’s market forms the primary focus in the United States. Russian President Vladimir Putin has tasked him to promote business dialogue between the two countries, and further to negotiate for the return of U.S. business enterprises. Without much doubts, similar trends are not difficult to find as India, Ethiopia and South Africa fix eyes on identifying pragmatic prospects for economic cooperation, further to earn significant revenue from trade, and also including pathways to sustain the huge Diaspora’s financial remittances from the United States.
BRICS+ Financial Architecture
The group is dominated by China, which has the largest share of the group’s GDP, accounting to about 70% of the organization total. The financial architecture of BRICS is made of the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA). These components were signed into a treaty in 2014 and became active in 2015. The New Development Bank (NDB), formally referred to as the BRICS Development Bank, is a multilateral development bank operated by the five BRICS states.
The bank’s primary focus of lending is infrastructure projects with authorized lending of up to $34 billion annually. South Africa hosts the African headquarters of the bank. The bank has a starting capital of $50 billion, with wealth increased to $100 billion over time. Records show Brazil, Russia, India, China, and South Africa initially contributed $10 billion each to bring the total to $50 billion. As of 2020, it had 53 projects underway worth around $15 billion. By 2024 the bank had approved more than $32 billion for 96 projects. In 2021, Bangladesh, Egypt, the United Arab Emirates and Uruguay joined the NDB.
Future of BRICS+ in Geopolitical World
Last year, several countries began working within the BRICS framework, and many states are planning to join this association. In practical terms, BRICS needs to increase its practical impact of its partnership on the level of qualitative development, not just organizational symbolism and public rhetoric as it has been during the past few years. Time has come to avoid excessive bureaucracy and avoid any undesirable rigid attachment to an organizational structure. BRICS has to enhance its economic potential, develop appropriate mechanisms for financial, trade, and economic cooperation.
With India’s presidency in 2026, which is estimated to be a comprehensive and promising eventful year for BRICS, as India has already outlined its framework of priorities, as it did during its G20 presidency several years ago. In close-coordination with members and partner-states within the BRICS association, India has to ensure the balance of multifaceted interests, and ensure or establish mutual-trust in the multipolar world system. The goal of transforming into a full-fledged international organization must go beyond addressing current geopolitical challenges, the necessity to develop effective ways of engaging in global development to reflect multipolarity.
Since its inception, BRICS has undergone a transformation and has gone through several stages of qualitative change. The organizers are still touting the expansion as part of a plan to build a competing multipolar world order that uses Global South countries to challenge and compete against the western-dominated world order. There is obvious interest in this consensus-based platform, hundreds of economic and political areas for cooperation, and for collaborating including politics, economic development, education, and scientific research. The New Development Bank finances various projects in member countries: Brazil, Russia, India, China and South Africa.
On January 1, 2024, five new members officially entered BRICS, namely Egypt, Iran, the United Arab Emirates, Saudi Arabia, and Ethiopia. At a BRICS Summit in Kazan, Russia in October 2024, it was decided to establish a category of BRICS partner countries. The first countries to become partners were Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Thailand, Uganda and Uzbekistan. The expanded BRICS+ generates 36% of global GDP. That however, according to Economist Intelligence Unit, the collective size of the economies of BRICS+ will overtake G7 by 2045. Today, collectively, BRICS comprises more than a quarter of the global economy and nearly half the world’s population.
World
Comviva Wins at IBSi Global FinTech Innovation Award
By Modupe Gbadeyanka
For transforming cross-border payments through its deployment with Global Money Exchange, Comviva has been named Best In-Class Cross Border Payments.
The global leader in digital transformation solutions clinched this latest accolade at the IBS Intelligence Global FinTech Innovation Award 2025.
The recognition highlights how Comviva’s mobiquity Pay is helping shape a modern cross-border payment ecosystem that stretches far beyond conventional remittance services.
Deployed as a white label Wallet Platform and launched as Global Pay Oman App, it fulfils GMEC’s dual vision—positioning itself as an innovative payment service provider while digitally extending its core money transfer business.
The solution allows GMEC to offer international money transfers alongside seamless forex ordering and other services. These capabilities sit alongside a broad suite of everyday financial services, including bill and utility payments, merchant transactions, education-related payments, and other digital conveniences — all delivered through one unified experience.
“This award is a testament to Oman’s accelerating digital transformation and our commitment to reshaping how cross-border payments serve people and businesses across the Sultanate.
“By partnering with Comviva and bringing the Global Pay Oman Super App, we have moved beyond traditional remittance services to create a truly inclusive and future-ready financial ecosystem.
“This innovation is not only enhancing convenience and transparency for our customers but is also supporting Oman’s broader vision of building a digitally empowered economy,” the Managing Director at Global Money Exchange, Subromoniyan K.S, said.
Also commenting, the chief executive of Comviva, Mr Rajesh Chandiramani, said, “Cross-border payments are becoming a daily necessity, not a niche service, particularly for migrant and trade-linked economies.
“This recognition from IBS Intelligence validates our focus on building payment platforms that combine global reach with local relevance, operational resilience and a strong user experience. The deployment with Global Money Exchange Co. demonstrates how mobiquity® Pay enables financial institutions to move beyond remittances and deliver integrated digital services at scale.”
“The deployment of mobiquity Pay for GMEC showcases how scalable, API-driven digital wallet platforms can transform cross-border payments into seamless, value-rich experiences.
“By integrating remittances, bill payments, forex services, and AI-powered engagement into a unified Super App, Comviva has reimagined customer journeys and operational agility.
“This Best-in-Class Cross-border Payments award win stands as a testament to Comviva’s excellence in enabling financial institutions to compete and grow in a digitally convergent world,” the Director for Research and Digital Properties at IBS Intelligence, Nikhil Gokhale, said.
World
Russia Renews Africa’s Strategic Action Plan
By Kestér Kenn Klomegâh
At the end of an extensive consultation with African foreign ministers, Russian Foreign Minister, Sergey Lavrov, has emphasized that Moscow would advance its economic engagement across Africa, admittedly outlining obstacles delaying the prompt implementation of several initiatives set forth in Strategic Action Plan (2023-2026) approved in St. Petersburg during the Russia-Africa Summit.
The second Ministerial Conference, by the Russian Foreign Ministry with support from Roscongress Foundation and the Arab Republic of Egypt, marked an important milestone towards raising bilateral investment and economic cooperation.
In Cairo, the capital city of the Arab Republic of Egypt, Lavrov read out the final resolution script, in a full-packed conference hall, and voiced strong confidence that Moscow would achieve its strategic economic goals with Africa, with support from the African Union (AU) and other Regional Economic blocs in the subsequent years. Despite the complexities posed by the Russia-Ukraine crisis, combined with geopolitical conditions inside the African continent, Moscow however reiterated its position to take serious steps in finding pragmatic prospects for mutual cooperation and improve multifaceted relations with Africa, distinctively in the different sectors: in trade, economic and investment spheres, education and culture, humanitarian and other promising areas.
The main event was the plenary session co-chaired by Russian Foreign Minister Sergey Lavrov and Egyptian Minister of Foreign Affairs, Emigration, and Egyptians Abroad Bashar Abdelathi. Welcome messages from Russian President Vladimir Putin and Egyptian President Abdelhak Sisi were read.
And broadly, the meeting participants compared notes on the most pressing issues on the international and Russian-African agendas, with a focus on the full implementation of the Russia-Africa Partnership Forum Action Plan for 2023-2026, approved at the second Russia-Africa Summit in St. Petersburg in 2023.
In addition, on the sidelines of the conference, Lavrov held talks with his African counterparts, and a number of bilateral documents were signed. A thematic event was held with the participation of Russian and African relevant agencies and organizations, aimed at unlocking the potential of trilateral Russia-Egypt-Africa cooperation in trade, economic, and educational spheres.
With changing times, Africa is rapidly becoming one of the key centers of a multipolar world order. It is experiencing a second awakening. Following their long-ago political independence, African countries are increasingly insisting on respect for their sovereignty and their right to independently manage their resources and destiny. Based on these conditions, it was concluded that Moscow begins an effective and comprehensive work on preparing a new three-year Cooperation and Joint Action Plan between Russia and Africa.
Moreover, these important areas of joint practical work are already detailed in the Joint Statement, which was unanimously approved and will serve as an important guideline for future work. According to reports, the Joint Statement reflects the progress of discussions on international and regional issues, as well as matters of global significance.
Following the conference, the Joint Statement adopted reflects shared approaches to addressing challenges and a mutual commitment to strengthening multifaceted cooperation with a view to ensuring high-quality preparation for the third Russia-Africa Summit in 2026.
On December 19-20, the Second Ministerial Conference of the Russia-Africa Partnership Forum was held in Cairo, Egypt. It was held for the first time on the African continent, attended by heads and representatives of the foreign policy ministries of 52 African states and the executive bodies of eight regional integration associations.
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