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Official launch of the African Regional Centre of the New Development Bank

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Official launch of the African Regional Centre of the New Development Bank

11th August 2017

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President Jacob Zuma, will preside over the launch of the African Regional Centre of the New Development Bank (NDB) on 17 August 2017. The President will be joined by NDB President, Mr Kundapur Vaman Kamath, cabinet ministers, NDB executives and other dignitaries.

BRICS countries signed the Agreement establishing the NDB at the Sixth BRICS Summit in July 2014 in Brazil, and the Seventh BRICS Summit marked the entry into force of the Agreement on the Bank. The NDB headquarters were officially opened in Shanghai, China in February 2016.

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Another key resolution taken at the 2014 Summit was to establish regional offices that would perform the important function of identifying and preparing proposals for viable projects that the Bank could fund in the respective regions. The first of its kind would be set up in Johannesburg, South Africa.

The launch of the African Regional Centre will showcase the NDB’s service offering, highlighting the Bank’s potential role in the area of infrastructure and sustainable development in emerging and developing countries.

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Details of the events are as follows:
Photo opportunity
Date: 17 August 2017
Time: 08h30
Venue: 135 Daisy Street
Press Briefing
Date: 17 August 2017
Time: 12h00
Venue: The Michelangelo Hotel, 163 West Street, Sandown, Sandton

Please RSVP to Jabulani.Mulambo@treasury.gov.za and copy Mtshalip@dirco.gov.za by midday 14 August, with the following information:

1. Full Name and Surname
2. Media house
3. ID /Passport number

Please note that RSVP is essential for access to the venue, no RSVP no access

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