Tito Mboweni apologises to Scopa MPs for ‘tough luck’ remark Finance minister Tito Mboweni apologised for his tough luck remark. File photo. Image: Sunday Times
Finance minister Tito Mboweni has apologised to MPs at the standing committee of public accounts (Scopa) for his conduct during an appearance before them with the Development Bank of Southern Africa (DBSA).
Mboweni and the DBSA appeared before Scopa on Tuesday following a letter by UDM leader Bantu Holomisa which raised allegations of maladministration and corruption.
Holomisa had also raised issues about the appointment of board members at the DBSA, further questioning the appointment of board chairperson Enoch Godongwana.
On Tuesday, the state-owned bank appeared before parliament’s finance watchdog Scopa to address allegations of financial irregularities in respect of certain multi-million rand loans.
Financing in common a sustainable and resilient African economy Dettagli
Following the Finance In Common Summit held in November 2020 and in preparation for the Summit on Financing African Economies to be convened by President Emmanuel Macron on 18 May, the African Development Bank, the African Public Development Banks in collaboration with the Association of African Development Finance Institutions (AADFI) and the International Development Finance Club (IDFC), hosted the Finance in Common Spring Meeting, dedicated to “Africa’s green and resilient recovery: a common objective”.
The summit aimed to devise joint actions to help boost a strong and inclusive recovery in Africa, grounded in a dynamic private sector. In their introductory speeches, Dr Akinwumi Adesina, President of the African Development Bank and Rémy Rioux, President of the Agence Française de Développement invited all Public Development Banks (PDBs) to create a resilient African s
From economic challenges to socio-economic factors, read this article online at DBSA that highlights how we can overcome these challenges and empower African youth.