African Export-Import Bank (Afreximbank) has signed a Joint Project Preparation Facility (JPPF) Agreement with the Government of the Republic of South Africa.
The agreement was formalised during a ceremony, at the Intra-African Trade Fair 2025 (IATF2025) in Algiers, Algeria.
Through the initiative, projects of the Government’s Infrastructure South Africa (ISA) Programme, within the National Department of Public Works And Infrastructure, will be fast tracked.
In addition, the partnership is expected to unlock investments of at least US$ 750 million, to finance projects in energy, logistics, and digital infrastructure.
Speaking at the signing ceremony, Kenny Molong, Deputy Minister in the Presidency of South Africa, said “the slow progression of project concepts into fully implemented projects, often stems from insufficient vigour in the project preparation phase. This partnership with Afreximbank, positions us to transform concepts into viable infrastructure projects that will attract private sector financing and deliver socio-economic benefits. Collaboration is key; no single nation or organisation has all the answers.”
Afreximbank committed to collaborating with government entities and welcomed the opportunity to partner with other governments.
Oluranti Doherty, Afreximbank’s Managing Director of Export Development, said “we are pleased to partner with the Government of South Africa, a pivotal regional economic powerhouse, to address its infrastructure challenges. Our goal is to establish a cohesive and interconnected infrastructure ecosystem that will elevate South Africa’s competitiveness and spur economic development, extending benefits beyond its borders into the Southern African Development Community (SADC) region thereby promoting Intra-African trade and regional integration. Through this partnership, we aim to mobilise essential funding and technical expertise to de-risk projects at a critical stage in their development, enhancing the quality and speed of infrastructure delivery.”
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