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In a sweeping call for economic recalibration across the continent, Equity Group Managing Director and CEO, Dr. James Mwangi, has urged African governments to “let the private sector take on development projects,” arguing that sustainable growth will increasingly depend on private-sector investment rather than public expenditure. Speaking at the B20 Summit Fireside Chat in Johannesburg, Mwangi outlined Equity Group’s Pan-African ambitions—including expansion into 15 countries by 2030—and affirmed that all the Group’s subsidiaries are now “fairly profitable,” positioning the lender for its next phase of continental growth. Mwangi’s insights came during a high-level conversation on Bridging Priorities: Cooperation, Innovation, and…
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The B20 Summit places productivity and resilience at the heart of Africa’s economic future. Which structural weaknesses in Africa concern you most, and how is Sanlam positioning itself to strengthen resilience against these vulnerabilities? If you start geographically, there’s a major challenge because of just the sheer size of the place, the fact that the population is actually mostly along the coastline of Africa, with this vast interior. A lot of challenges in terms of infrastructure, movement of goods and people and so on, but I think over time, we would like to see more investment in infrastructure in Africa….
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When Kenny Fihla walked onto the stage at the B20 Summit in Johannesburg, there was a sense that the room was bracing for more than a corporate address. As the Group Chief Executive Officer of Absa Group, one of Africa’s most influential financial institutions, he arrived with a message that felt both urgent and momentous. Africa, he argued, is standing at a rare inflexion point, one shaped by shifting global dynamics and the continent’s own emerging strengths. And if the room expected a predictable speech filled with familiar development clichés, they quickly realised they were in for something different. Fihla…
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When Tavaziva Madzinga, Group CEO of Santam, took the stage at the B20 Summit in South Africa, he did not speak like a man representing a single industry. He spoke like someone who understands the gravity of this moment, a moment where global risks are multiplying, societies feel more fragile, and traditional planning methods can no longer keep pace with the volatility that defines our age. He reminded delegates that five years ago, the devastating pandemic that brought the world to its knees was not even on most organisational risk registers. Yet even as the world continues to grapple with…
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Let’s start off with why Absa Group is involved in this B20 summit. When we decided to participate in B20, it was largely because we’re a pan-African bank, and this story being an African story with having a G20 for the first time on the African continent, we felt that it was quite important that we could bring all the African voices into the discussion. We see Africa decisively from an Absa perspective as the space we would want to grow in. And we are very deliberate about solving African stories. How does Absa’s recent acquisition of Standard Chartered’s retail…
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