New Development Bank Africa Regional Launch

The President of the Republic of South Africa, Jacob Zuma, will preside over the launch of the African Regional Centre of the BRICS New Development Bank this morning. He will be joined by the President of the BRICS Development Bank, Kundapur Vaman Kamath, cabinet ministers, banks executives and other dignitaries. BRICS countries signed the Agreement establishing the New Development Bank 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 New Development Bank. The bank’s headquarters were officially opened in Shanghai, China last year. The first of its kind, the launch of the African Regional Centre will showcase the bank’s service offering, highlighting the Bank’s potential role in the area of infrastructure and sustainable development in emerging and developing countries. To discuss this milestone we are joined on the line by:Dr Petrus De Kock: Research Manager: Brand South Africa Mr Lumkile Mondi: Senior Lecturer at the School of Economics and Business Science of the University of the Witwatersrand in Johannesburg Dr Igbal Surve: Executive Chairperson: Sekunjalo and Chairman of the BRICS Business Council Chapter in Africa