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Subject: G20 special - South Africa scores big wins ahead of government segment
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                <table class=3D"container ml-6 ml-default-border" width=3D=
"640" bgcolor=3D"#ffffff" align=3D"center" border=3D"0" cellspacing=3D"0=
" cellpadding=3D"0" style=3D"color: #515856; width: 640px; min-width: 64=
0px; margin-bottom: 0;">
                    <tr>
                        <td class=3D"ml-default-border container" height=
=3D"20" style=3D"line-height: 20px; min-width: 640px;"></td>
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                        <td class=3D"row" style=3D"padding: 0 50px;">

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    <p dir=3D"ltr" style=3D"font-family: 'Montserrat', sans-serif; color=
: #515856; font-size: 16px; line-height: 165%; margin-top: 0; margin-bot=
tom: 10px;"><strong></strong><strong><strong>The G20 kicks off today. Ir=
respective of the outcomes it=E2=80=99s clear that South Africa, represe=
nting the whole continent, has won. Johannesburg has been buzzing and Af=
rica has stood tall. This week=E2=80=99s discussions have shown that the=
 B20 is far more than a side event; it provides a roadmap and a platform=
 for action for the business community in navigating a fragile multilate=
ral ecosystem. Business has the capacity to heal what geopolitics has fr=
actured over recent months. <a href=3D"https://badeog.clicks.mlsend.com/=
tj/cl/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUxNzU2Mzg1MDIsXCJyXC=
I6MTcxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiJhMzAyZjUzMjU1NzAyM2M5In0" target=3D=
"_blank" data-saferedirecturl=3D"https://www.google.com/url?q=3Dhttps://=
african.business/2025/11/politics/rebalancing-the-global-equation&amp;so=
urce=3Dgmail&amp;ust=3D1763816435075000&amp;usg=3DAOvVaw0g8lX7tj1oooPxkv=
vpbzBm" builder-link-id=3D"91" style=3D"color: #1abc9c; font-weight: nor=
mal; font-style: normal; text-decoration: underline;" data-link-id=3D"17=
1751315175638502">The conversation among the three B20 Sherpas from the =
Troika</a>&nbsp;demonstrated how business can help resolve political dis=
putes and bridge North-South divides. <span class=3D"ml-rte-link-wrapper=
"><a href=3D"https://badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOjQ2=
MTU1OSxcImxcIjoxNzE3NTEzMTUxODI5Nzg1MzYsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MDAx=
fSIsInMiOiI3ZjQyMDU0MjRmNDdjNTRjIn0" builder-link-id=3D"100" style=3D"co=
lor: #1abc9c; font-weight: normal; font-style: normal; text-decoration: =
underline;" data-link-id=3D"171751315182978536">Partnerships between the=
 private and public sectors</a></span> are the engine that will drive th=
e transformational growth and prosperity the world urgently needs.</stro=
ng><br></strong></p>
<p dir=3D"ltr" style=3D"font-family: 'Montserrat', sans-serif; color: #5=
15856; font-size: 16px; line-height: 165%; margin-top: 0; margin-bottom:=
 10px;">Another lesson we learnt is that Africa is central to global eco=
nomic priorities. The world=E2=80=99s prosperity is closely linked to th=
e continent=E2=80=99s development success. =E2=80=9C<a href=3D"https://b=
adeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NT=
EzMTUxODgyMjE0MTgsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiI3NjM0ZmEwNT=
llNzdiMzM2In0" target=3D"_blank" data-saferedirecturl=3D"https://www.goo=
gle.com/url?q=3Dhttps://www.youtube.com/watch?v%3DeF-x6aSz9-8%26t%3D45s&=
amp;source=3Dgmail&amp;ust=3D1763816435075000&amp;usg=3DAOvVaw0LhLVs4BgH=
EId89whpdM5h" builder-link-id=3D"92" style=3D"color: #1abc9c; font-weigh=
t: normal; font-style: normal; text-decoration: underline;" data-link-id=
=3D"171751315188221418">If Africa rises, the world rises too</a>,=E2=80=9D=
 stated Mxolisi Mgojo, Co-Chair of B20 South Africa, during inspiring op=
ening remarks. In an interview with <em>African Business</em>, <a href=3D=
"https://badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxc=
IjoxNzE3NTEzMTUxOTY2MTAwMjgsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiIw=
ZjQ3OWQ4ZTI4ODhiNzE4In0" target=3D"_blank" data-saferedirecturl=3D"https=
://www.google.com/url?q=3Dhttps://african.business/?p%3D173778&amp;sourc=
e=3Dgmail&amp;ust=3D1763816435075000&amp;usg=3DAOvVaw1n04Dv6UYHaV3pTYtXm=
idu" builder-link-id=3D"93" style=3D"color: #1abc9c; font-weight: normal=
; font-style: normal; text-decoration: underline;" data-link-id=3D"17175=
1315196610028">Sim Tshabalala, CEO of Standard Bank Group and Chair of t=
he B20 South Africa Finance &amp; Infrastructure Task Force</a>, explain=
ed how the B20 Summit has reshaped global conversations about Africa=E2=80=
=99s role in driving economic growth. Experts and policymakers alike hig=
hlighted <a href=3D"https://badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiY=
VwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUyMDM5NTAwNjEsXCJyXCI6MTcxNzUxMzUxNDcyM=
Dk3MDAxfSIsInMiOiI3OGEwM2NjM2RhMDc3OWQwIn0" target=3D"_blank" data-safer=
edirecturl=3D"https://www.google.com/url?q=3Dhttps://african.business/?p=
%3D173799&amp;source=3Dgmail&amp;ust=3D1763816435075000&amp;usg=3DAOvVaw=
0Ty0UF1wcAPN1sNn_jMkoj" builder-link-id=3D"94" style=3D"color: #1abc9c; =
font-weight: normal; font-style: normal; text-decoration: underline;" da=
ta-link-id=3D"171751315203950061">the continent=E2=80=99s strategic impo=
rtance in the energy transition, including taking greater strategic cont=
rol of the continent=E2=80=99s critical minerals</a>. Unlocking industri=
alisation and value chains across Africa to drive a new economic reality=
 shaped by climate change is also underway, explains <a href=3D"https://=
badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3N=
TEzMTUyMTMzODcyNDcsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiJhZmFkNjAyM=
2U1MDZjZTliIn0" target=3D"_blank" data-saferedirecturl=3D"https://www.go=
ogle.com/url?q=3Dhttps://african.business/2025/11/resources/wamkele-mene=
-industrialisation-is-driving-africas-transformation&amp;source=3Dgmail&=
amp;ust=3D1763816435075000&amp;usg=3DAOvVaw0hRu-d8sfhIRKB_IphKcaz" build=
er-link-id=3D"95" style=3D"color: #1abc9c; font-weight: normal; font-sty=
le: normal; text-decoration: underline;" data-link-id=3D"171751315213387=
247">Wamkele Mene, AfCFTA Secretary General</a>.</p>
<p dir=3D"ltr" style=3D"font-family: 'Montserrat', sans-serif; color: #5=
15856; font-size: 16px; line-height: 165%; margin-top: 0; margin-bottom:=
 10px;">As Africa becomes the engine of global growth, it is essential t=
o ensure that all citizens across the continent can fully participate in=
 this transformation. Women are central to this effort, and <a href=3D"h=
ttps://badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIj=
oxNzE3NTEzMTUyMjA3MjcyODEsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiI5Nm=
UyNTkyNjk4NTIzYmIyIn0" target=3D"_blank" data-saferedirecturl=3D"https:/=
/www.google.com/url?q=3Dhttps://african.business/2025/11/economy/mainstr=
eaming-gender-will-africas-first-g20-deliver-progress-for-women&amp;sour=
ce=3Dgmail&amp;ust=3D1763816435075000&amp;usg=3DAOvVaw06mKAgvnvuOrnwCeZD=
56H7" builder-link-id=3D"96" style=3D"color: #1abc9c; font-weight: norma=
l; font-style: normal; text-decoration: underline;" data-link-id=3D"1717=
51315220727281">mainstreaming gender considerations, another key focus o=
f the W20</a>, remains critical.</p>
<p dir=3D"ltr" style=3D"font-family: 'Montserrat', sans-serif; color: #5=
15856; font-size: 16px; line-height: 165%; margin-top: 0; margin-bottom:=
 10px;">The B20 Summit was just one of a multitude of gatherings in Afri=
ca=E2=80=99s most important economic capital. As the G20 begins today, <=
a href=3D"https://badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOjQ2MTU=
1OSxcImxcIjoxNzE3NTEzMTUyMjgwNjczMTQsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MDAxfSI=
sInMiOiJkYmFkOTM1MDMwNzZkZmM0In0" target=3D"_blank" data-saferedirecturl=
=3D"https://www.google.com/url?q=3Dhttps://african.business/2025/11/long=
-reads/g20-whats-at-stake-in-south-africas-big-test&amp;source=3Dgmail&a=
mp;ust=3D1763816435075000&amp;usg=3DAOvVaw16ZMgmaLy8vbzgzdk-jy07" builde=
r-link-id=3D"97" style=3D"color: #1abc9c; font-weight: normal; font-styl=
e: normal; text-decoration: underline;" data-link-id=3D"1717513152280673=
14">South Africa faces a significant test of its diplomatic leadership</=
a>: can it generate momentum for Africa and the broader Global South? Wh=
ile the US=E2=80=99s decision to opt out [at a senior level] is a setbac=
k, it may open opportunities for collaborations that could reshape globa=
l dynamics.&nbsp;As <a href=3D"https://badeog.clicks.mlsend.com/tj/cl/ey=
J2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUyMzU0MDczNDcsXCJyXCI6MTcxNz=
UxMzUxNDcyMDk3MDAxfSIsInMiOiI3Yjk3MDNhNTk2YWIzMjgwIn0" target=3D"_blank"=
 data-saferedirecturl=3D"https://www.google.com/url?q=3Dhttps://african.=
business/2025/11/politics/rebalancing-the-global-equation&amp;source=3Dg=
mail&amp;ust=3D1763816435075000&amp;usg=3DAOvVaw0g8lX7tj1oooPxkvvpbzBm" =
builder-link-id=3D"98" style=3D"color: #1abc9c; font-weight: normal; fon=
t-style: normal; text-decoration: underline;" data-link-id=3D"1717513152=
35407347">Trevor Manuel noted during the Global North=E2=80=93Global Sou=
th Conversation</a>, global diplomacy and the world economy are broken, =
and we must enter a new era.</p>
<p dir=3D"ltr" style=3D"font-family: 'Montserrat', sans-serif; color: #5=
15856; font-size: 16px; line-height: 165%; margin-top: 0; margin-bottom:=
 10px;">Dive into our reports and analyses. And don=E2=80=99t miss next =
week=E2=80=99s final newsletter for a summary of the global outcomes of =
the G20 Summit.</p>
<p dir=3D"ltr" style=3D"font-family: 'Montserrat', sans-serif; color: #5=
15856; font-size: 16px; line-height: 165%; margin-top: 0; margin-bottom:=
 0;"><br></p>

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age/461559/H33ri778tEgSq8gpMzE2yD3QluFumQ3CdO88Mm2I.jpg" loading=3D"lazy=
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                <table class=3D"container ml-10 ml-default-border" width=
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"0" cellpadding=3D"0" style=3D"color: #515856; width: 640px; min-width: =
640px; margin-bottom: 0;">
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    <h3 style=3D"font-family: 'Montserrat', sans-serif; color: #000000; =
font-size: 18px; line-height: 125%; font-weight: bold; font-style: norma=
l; text-decoration: none; ;margin-bottom: 8px; margin-bottom: 0;"><span =
style=3D"color: rgb(255, 0, 0);">The Big Pi<span style=3D"color: rgb(26,=
 188, 156);"></span>cture<span style=3D"color: rgb(26, 188, 156);"></spa=
n></span><br><br></h3>

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                <table class=3D"container ml-12 ml-default-border" width=
=3D"640" bgcolor=3D"#ffffff" align=3D"center" border=3D"0" cellspacing=3D=
"0" cellpadding=3D"0" style=3D"color: #515856; width: 640px; min-width: =
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    <a href=3D"https://badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOj=
Q2MTU1OSxcImxcIjoxNzE3NTEzMTUyNDA2NTAyMjgsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MD=
AxfSIsInMiOiJkNWUyNGIwYzY5YmJhNTNmIn0" target=3D"_blank" builder-link-id=
=3D"18" style=3D"text-decoration: none;" data-link-id=3D"171751315240650=
228">
            <img src=3D"https://storage.mlcdn.com/account_image/461559/Y=
mFT78JaaHDasBpnGQa4VWWr8Pb94MXxygBILIaB.jpg" loading=3D"lazy" border=3D"=
0" alt width=3D"540" class=3D"img" style=3D"display: block;">
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            <h2 style=3D"font-family: 'Montserrat', sans-serif; color: #=
000000; font-size: 24px; line-height: 125%; font-weight: bold; font-styl=
e: normal; text-decoration: none; ;margin-bottom: 10px;">G20: What=E2=80=
=99s at stake in South Africa=E2=80=99s big test?</h2>
<p style=3D"font-family: 'Montserrat', sans-serif; color: #515856; font-=
size: 16px; line-height: 165%; margin-top: 0; margin-bottom: 10px;">Sout=
h Africa=E2=80=99s biggest event since the 2010 FIFA World Cup is both a=
 major opportunity and a significant test of its diplomatic capacity. As=
 the U.S. might play only a limited role in the Summit, the Global South=
=E2=80=99s position could be strengthened, opening the door to new dialo=
gues, partnerships and business opportunities. <a href=3D"https://badeog=
.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTU=
yNDkwMzg4MzcsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiJlNWIzNGM5ZTk1YzQ=
zMmFhIn0" target=3D"_blank" builder-link-id=3D"99" style=3D"color: #007b=
ff; font-weight: normal; font-style: normal; text-decoration: underline;=
" data-link-id=3D"171751315249038837">Read more.</a></p>
<p style=3D"font-family: 'Montserrat', sans-serif; color: #515856; font-=
size: 16px; line-height: 165%; margin-top: 0; margin-bottom: 0;"><br></p=
>
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age/461559/GqBuE9GfPyXzbr6JFcVhzyKByRRq9U8QIPDaRgIz.jpg" loading=3D"lazy=
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"0" border=3D"0" align=3D"center" width=3D"100%">
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"0" cellpadding=3D"0" style=3D"color: #515856; width: 640px; min-width: =
640px; margin-bottom: 0;">
                    <tr>
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=3D"10" style=3D"line-height: 10px; min-width: 640px;"></td>
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font-size: 18px; line-height: 125%; font-weight: bold; font-style: norma=
l; text-decoration: none; ;margin-bottom: 8px;"><strong><span style=3D"c=
olor: rgb(255, 0, 0);">Global Diplomacy</span></strong></h3>

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0">
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            <td height=3D"20" style=3D"line-height: 20px;"></td>
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    <a href=3D"https://badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOj=
Q2MTU1OSxcImxcIjoxNzE3NTEzMTUyNTc0Mjc0NDYsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MD=
AxfSIsInMiOiJhMTY0NTllYjdmZGQwMTgwIn0" target=3D"_blank" builder-link-id=
=3D"23" style=3D"text-decoration: none;" data-link-id=3D"171751315257427=
446">
            <img src=3D"https://storage.mlcdn.com/account_image/461559/Z=
ceiKz1XXBJir6DEtNirDpw44VdNdlwilGieGTdT.png" loading=3D"lazy" border=3D"=
0" alt width=3D"250" class=3D"img" style=3D"display: block;">
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    <h2 style=3D"font-family: 'Montserrat', sans-serif; color: #000000; =
font-size: 24px; line-height: 125%; font-weight: bold; font-style: norma=
l; text-decoration: none; ;margin-bottom: 10px;">B20 puts African busine=
sses at the global decision-making table</h2>

    <table width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"=
0">
        <tr>
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    <p style=3D"font-family: 'Montserrat', sans-serif; color: #515856; f=
ont-size: 16px; line-height: 165%; margin-top: 0; margin-bottom: 0;">At =
a high-level panel this week in Johannesburg, Sherpas from the B20 Troik=
a =E2=80=94 Brazil, South Africa, and the United States =E2=80=94 discus=
sed how businesses can drive global cooperation to achieve shared prospe=
rity. <span class=3D"ml-rte-link-wrapper"><a href=3D"https://badeog.clic=
ks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUyNjg5=
NjE3ODMsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiIyYWFmMTdlNWRmN2QzNGEz=
In0" target=3D"_blank" builder-link-id=3D"30" style=3D"color: #007bff; f=
ont-weight: normal; font-style: normal; text-decoration: underline;" dat=
a-link-id=3D"171751315268961783">Read more</a></span>.</p>

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        </td>
        <td class=3D"col" width=3D"40" height=3D"30" style=3D"line-heigh=
t: 30px;"></td>
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font-size: 18px; line-height: 125%; font-weight: bold; font-style: norma=
l; text-decoration: none; ;margin-bottom: 8px;"><span style=3D"color: rg=
b(255, 0, 0);">In Conversation With</span></h3>

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0">
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            <td height=3D"20" style=3D"line-height: 20px;"></td>
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    <a href=3D"https://badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOj=
Q2MTU1OSxcImxcIjoxNzE3NTEzMTUyNzUyNTMyNDAsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MD=
AxfSIsInMiOiJmOTU4MmVmMTkzNzcwNDI1In0" target=3D"_blank" builder-link-id=
=3D"15" style=3D"text-decoration: none;" data-link-id=3D"171751315275253=
240">
            <img src=3D"https://storage.mlcdn.com/account_image/461559/3=
mKTbR15y3x0cgxPyrlcxHd8tHqLMShfVHX70QKz.png" loading=3D"lazy" border=3D"=
0" alt width=3D"250" class=3D"img" style=3D"display: block;">
        </a>



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    </table>

    <h2 style=3D"font-family: 'Montserrat', sans-serif; color: #000000; =
font-size: 24px; line-height: 125%; font-weight: bold; font-style: norma=
l; text-decoration: none; ;margin-bottom: 10px;">Sim Tshabalala, CEO of&=
nbsp;Standard Bank Group</h2>

    <table width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"=
0">
        <tr>
            <td height=3D"20" style=3D"line-height: 20px;"></td>
        </tr>
    </table>

    <p style=3D"font-family: 'Montserrat', sans-serif; color: #515856; f=
ont-size: 16px; line-height: 165%; margin-top: 0; margin-bottom: 0;">Act=
ing as Chair of the B20 South Africa Finance &amp; Infrastructure Task F=
orce,&nbsp;Sim Tshabalala, CEO of Standard Bank Group,&nbsp;reflects on =
how the B20 Summit has reshaped global discussions about Africa's role i=
n driving economic growth. <span style=3D"color: rgb(24, 189, 175);"><sp=
an class=3D"ml-rte-link-wrapper"><a href=3D"https://badeog.clicks.mlsend=
.com/tj/cl/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUyODI1OTMyNzMsX=
CJyXCI6MTcxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiI0N2NlNzQzMTdmNDhmNDBkIn0" targ=
et=3D"_blank" builder-link-id=3D"16" style=3D"color: #007bff; font-weigh=
t: normal; font-style: normal; text-decoration: underline;" data-link-id=
=3D"171751315282593273">Read more.</a></span></span></p>

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                width: 640px; min-width: 640px; margin-bottom: 0;
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age/461559/H33ri778tEgSq8gpMzE2yD3QluFumQ3CdO88Mm2I.jpg" loading=3D"lazy=
" border=3D"0" alt width=3D"640" class=3D"img" style=3D"display: block;"=
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                <table class=3D"container ml-40 ml-default-border" width=
=3D"640" bgcolor=3D"#1abc9c" align=3D"center" border=3D"0" cellspacing=3D=
"0" cellpadding=3D"0" style=3D"color: #515856; width: 640px; min-width: =
640px; margin-bottom: 0;">
                    <tr>
                        <td class=3D"ml-default-border container" height=
=3D"20" style=3D"line-height: 20px; min-width: 640px;"></td>
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    <h3 style=3D"font-family: 'Montserrat', sans-serif; color: #000000; =
font-size: 18px; line-height: 125%; font-weight: bold; font-style: norma=
l; text-decoration: none; ;margin-bottom: 8px; margin-bottom: 0;"><span =
style=3D"color: rgb(255, 255, 255);">SPOTLIGHT&nbsp;</span></h3>

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                <table class=3D"container ml-42 ml-default-border" width=
=3D"640" bgcolor=3D"#1abc9c" align=3D"center" border=3D"0" cellspacing=3D=
"0" cellpadding=3D"0" style=3D"color: #515856; width: 640px; min-width: =
640px; margin-bottom: 0;">
                    <tr>
                        <td class=3D"ml-default-border container" height=
=3D"20" style=3D"line-height: 20px; min-width: 640px;"></td>
                    </tr>
                    <tr>
                        <td class=3D"row" style=3D"padding: 0 50px;">

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    <h3 style=3D"font-family: 'Montserrat', sans-serif; color: #000000; =
font-size: 18px; line-height: 125%; font-weight: bold; font-style: norma=
l; text-decoration: none; ;margin-bottom: 8px; margin-bottom: 0;">Openin=
g remarks by&nbsp;Nonkululeko Nyembezi, Co-chair of the&nbsp;B20 Summit =
</h3>

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"0" cellpadding=3D"0" style=3D"
                width: 640px; min-width: 640px; margin-bottom: 0;
                ;
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                ">
                    <tr>
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=3D"20" style=3D"line-height: 20px; min-width: 640px;"></td>
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    <table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100=
%">
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>
                <a href=3D"https://badeog.clicks.mlsend.com/tj/cl/eyJ2Ij=
oie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUyODg4ODQ3MzEsXCJyXCI6MTcxNzUxMz=
UxNDcyMDk3MDAxfSIsInMiOiJmMDcxN2I2ZGFhMWVmZGUxIn0" builder-link-id=3D"14=
" style=3D"text-decoration: none;" data-link-id=3D"171751315288884731">
                    <img src=3D"https://storage.mlcdn.com/account_image/=
461559/0s1WHkhm2lF7DKSl_dd4ef75f-4260-4c2a-94e7-8e87f205a900.gif" width=3D=
"540" class=3D"img" style=3D"display: block;" border=3D"0">
                </a>
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age/461559/H33ri778tEgSq8gpMzE2yD3QluFumQ3CdO88Mm2I.jpg" loading=3D"lazy=
" border=3D"0" alt width=3D"640" class=3D"img" style=3D"display: block;"=
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"0" cellpadding=3D"0" style=3D"color: #515856; width: 640px; min-width: =
640px; margin-bottom: 0;">
                    <tr>
                        <td class=3D"ml-default-border container" height=
=3D"20" style=3D"line-height: 20px; min-width: 640px;"></td>
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    <h3 style=3D"font-family: 'Montserrat', sans-serif; color: #000000; =
font-size: 18px; line-height: 125%; font-weight: bold; font-style: norma=
l; text-decoration: none; ;margin-bottom: 8px; margin-bottom: 0;"><span =
style=3D"color: rgb(255, 0, 0);">South Africa Focus</span></h3>

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"0" cellpadding=3D"0" style=3D"color: #515856; width: 640px; min-width: =
640px; margin-bottom: 0;">
                    <tr>
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=3D"20" style=3D"line-height: 20px; min-width: 640px;"></td>
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    <a href=3D"https://badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOj=
Q2MTU1OSxcImxcIjoxNzE3NTEzMTUyOTcyNzMzNDEsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MD=
AxfSIsInMiOiJjNzZlNmE2ODhiMmRlNmUwIn0" target=3D"_blank" builder-link-id=
=3D"36" style=3D"text-decoration: none;" data-link-id=3D"171751315297273=
341">
            <img src=3D"https://storage.mlcdn.com/account_image/461559/T=
iq53Z6ohJGG8IQFTVc2YsM0UfHppHDP2RAiaKDK.png" loading=3D"lazy" border=3D"=
0" alt width=3D"540" class=3D"img" style=3D"display: block;">
        </a>



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        <td height=3D"30" style=3D"line-height: 30px;"></td>
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    <tr>
        <td>
            <h2 style=3D"font-family: 'Montserrat', sans-serif; color: #=
000000; font-size: 24px; line-height: 125%; font-weight: bold; font-styl=
e: normal; text-decoration: none; ;margin-bottom: 10px;">Africa=E2=80=99=
s critical minerals reserves: pressure mounts to move beyond raw exports=
</h2>
<p style=3D"font-family: 'Montserrat', sans-serif; color: #515856; font-=
size: 16px; line-height: 165%; margin-top: 0; margin-bottom: 0;">At the =
B20 meetings in Johannesburg, South Africa urged African leaders to take=
 greater strategic control of the continent=E2=80=99s critical minerals =
to shape the energy transition on their own terms, calling for stronger =
private investment and faster skills development.&nbsp;<span class=3D"ml=
-rte-link-wrapper" style=3D"background-color: transparent;"><span class=3D=
"ml-rte-link-wrapper"><a href=3D"https://badeog.clicks.mlsend.com/tj/cl/=
eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUzMDM1NjQ3OTgsXCJyXCI6MTcx=
NzUxMzUxNDcyMDk3MDAxfSIsInMiOiI3M2QxMDFmMzAxNjA3NWIwIn0" target=3D"_blan=
k" builder-link-id=3D"64" style=3D"color: #007bff; font-weight: normal; =
font-style: normal; text-decoration: underline;" data-link-id=3D"1717513=
15303564798">Read more</a></span></span>.</p>
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l/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUzMDg4MDc2NzksXCJyXCI6MT=
cxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiI3Yzg1NDhmYjUzYWUyMGI3In0" target=3D"_bl=
ank" builder-link-id=3D"35" style=3D"text-decoration: none;" data-link-i=
d=3D"171751315308807679">
                                <img src=3D"https://storage.mlcdn.com/ac=
count_image/461559/ypDK6ssT5mRsnHxBCNjBK3GoZNbkojNt1HRgvAQ1.png" loading=
=3D"lazy" border=3D"0" alt width=3D"640" class=3D"img" style=3D"display:=
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                <table class=3D"container ml-54 ml-default-border" width=
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"0" cellpadding=3D"0" style=3D"color: #515856; width: 640px; min-width: =
640px; margin-bottom: 0;">
                    <tr>
                        <td class=3D"ml-default-border container" height=
=3D"20" style=3D"line-height: 20px; min-width: 640px;"></td>
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    <h3 style=3D"font-family: 'Montserrat', sans-serif; color: #000000; =
font-size: 18px; line-height: 125%; font-weight: bold; font-style: norma=
l; text-decoration: none; ;margin-bottom: 8px; margin-bottom: 0;"><span =
style=3D"color: rgb(255, 0, 0);">Global South</span></h3>

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"0" cellpadding=3D"0" style=3D"color: #515856; width: 640px; min-width: =
640px; margin-bottom: 0;">
                    <tr>
                        <td class=3D"ml-default-border container" height=
=3D"20" style=3D"line-height: 20px; min-width: 640px;"></td>
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                    <tr>
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    <a href=3D"https://badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOj=
Q2MTU1OSxcImxcIjoxNzE3NTEzMTUzMTQwNTA1NjEsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MD=
AxfSIsInMiOiJhODllNWM3YjYwODYzOGMyIn0" target=3D"_blank" builder-link-id=
=3D"31" style=3D"text-decoration: none;" data-link-id=3D"171751315314050=
561">
            <img src=3D"https://storage.mlcdn.com/account_image/461559/T=
4yOdpfxbGS4gxeaOzTLYEHmXDVxu608vGkSW231.png" loading=3D"lazy" border=3D"=
0" alt width=3D"540" class=3D"img" style=3D"display: block;">
        </a>



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    <tr>
        <td height=3D"30" style=3D"line-height: 30px;"></td>
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        <td>
            <h2 style=3D"font-family: 'Montserrat', sans-serif; color: #=
000000; font-size: 24px; line-height: 125%; font-weight: bold; font-styl=
e: normal; text-decoration: none; ;margin-bottom: 10px;">Rebalancing the=
 Global Equation</h2>
<p style=3D"font-family: 'Montserrat', sans-serif; color: #515856; font-=
size: 16px; line-height: 165%; margin-top: 0; margin-bottom: 0;">Dialogu=
e between the Global South and the Global North has taken centre stage&n=
bsp;at the B20 Summit in Johannesburg.&nbsp;The Global South is not wait=
ing to be invited to the table with the Global North. It is leading with=
 ideas, innovation and investment and seeking partnerships with other re=
gions.&nbsp;These ideas shaped&nbsp;a vibrant discussion at the B20 meet=
ing ahead of the G20 leaders=E2=80=99 summit. <a href=3D"https://badeog.=
clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUz=
MTkyOTM0NDUsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiIyNDg0MTc1YmUxMWJl=
NmNkIn0" target=3D"_blank" builder-link-id=3D"29" style=3D"color: #007bf=
f; font-weight: normal; font-style: normal; text-decoration: underline;"=
 data-link-id=3D"171751315319293445">Read more</a>.</p>
        </td>
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=3D"20" style=3D"line-height: 20px; min-width: 640px;"></td>
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            <!-- Primary button starting -->
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                <!--[if mso]>
                <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" x=
mlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"https://www.b20=
southafrica.org/wp-content/uploads/2025/11/B20-Final-Communique-2025_Dig=
ital-ver_14Nov.pdf" target=3D"_blank"
                         style=3D"width: 540px;
                         v-text-anchor:middle;" arcsize=3D"12%" stroke=3D=
"f" strokecolor=3D"#000000" strokeweight=3D"2px">
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#000000;font-size:18px;line-height:18px;mso-line-height-rule:exactly;fon=
t-weight: bold; font-style: normal; text-decoration: none;">
                                <div>Read the B20 South Africa Final Com=
muniqu=C3=A9: </div><div>A guide for Inclusive Growth and Prosperity Thr=
ough Global Cooperation</div>
                            </span>
                        </center>
                    </v:textbox>
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                            <a href=3D"https://badeog.clicks.mlsend.com/=
tj/cl/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUzMjY2MzM0NzgsXCJyXC=
I6MTcxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiJlNGFkMWY2NzQ5YWQ0OGQ2In0" target=3D=
"_blank" builder-link-id=3D"68" style=3D"display: block; padding: 14px 2=
5px; font-family: 'Poppins', sans-serif; color: #000000; font-size: 18px=
; letter-spacing: 0.025em; text-decoration: none; border-radius: 6px; li=
ne-height: 20px; mso-line-height-rule: at-least; word-wrap: break-word; =
word-break: break-word; overflow-wrap: break-word; min-width: 70px; font=
-weight: bold; font-style: normal;" data-link-id=3D"171751315326633478">=

                                <div>Read the B20 South Africa Final Com=
muniqu=C3=A9: </div><div>A guide for Inclusive Growth and Prosperity Thr=
ough Global Cooperation</div>
                            </a>
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"0" cellpadding=3D"0" style=3D"color: #515856; width: 640px; min-width: =
640px; margin-bottom: 0;">
                    <tr>
                        <td class=3D"ml-default-border container" height=
=3D"20" style=3D"line-height: 20px; min-width: 640px;"></td>
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    <h3 style=3D"font-family: 'Montserrat', sans-serif; color: #000000; =
font-size: 18px; line-height: 125%; font-weight: bold; font-style: norma=
l; text-decoration: none; ;margin-bottom: 8px;"><span style=3D"color: rg=
b(255, 0, 0);">African Integration</span></h3>

    <table width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"=
0">
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            <td height=3D"20" style=3D"line-height: 20px;"></td>
        </tr>
    </table>

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0">
        <tr>
            <td align=3D"left">
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    <a href=3D"https://badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOj=
Q2MTU1OSxcImxcIjoxNzE3NTEzMTUzMzI5MjQ5MzUsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MD=
AxfSIsInMiOiIxNGRmMzJmMDRkNzQ4NDk1In0" target=3D"_blank" builder-link-id=
=3D"37" style=3D"text-decoration: none;" data-link-id=3D"171751315332924=
935">
            <img src=3D"https://storage.mlcdn.com/account_image/461559/I=
Elu35gdAebsuUwHJuLxRNDYOajFtfX2iamK6hre.png" loading=3D"lazy" border=3D"=
0" alt width=3D"250" class=3D"img" style=3D"display: block;">
        </a>



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            <td height=3D"20" style=3D"line-height: 20px;"></td>
        </tr>
    </table>

    <h2 style=3D"font-family: 'Montserrat', sans-serif; color: #000000; =
font-size: 24px; line-height: 125%; font-weight: bold; font-style: norma=
l; text-decoration: none; ;margin-bottom: 10px;">Wamkele Mene: Industria=
lisation is driving Africa=E2=80=99s transformation</h2>

    <table width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"=
0">
        <tr>
            <td height=3D"20" style=3D"line-height: 20px;"></td>
        </tr>
    </table>

    <p style=3D"font-family: 'Montserrat', sans-serif; color: #515856; f=
ont-size: 16px; line-height: 165%; margin-top: 0; margin-bottom: 0;">AfC=
FTA's focus on value addition was at the heart of global discussions at =
the B20 Summit this week.&nbsp;Africa has started the journey to add val=
ue to its resources as it takes a path to industrialisation, highlighted=
 African policymakers.&nbsp;<a href=3D"https://badeog.clicks.mlsend.com/=
tj/cl/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUzNDAyNjQ5NjgsXCJyXC=
I6MTcxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiIyYzc1M2M0YmIzZjliYzZkIn0" target=3D=
"_blank" builder-link-id=3D"22" style=3D"color: #007bff; font-weight: no=
rmal; font-style: normal; text-decoration: underline;" data-link-id=3D"1=
71751315340264968">Read more.</a><br></p>

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        </td>
        <td class=3D"col" width=3D"40" height=3D"30" style=3D"line-heigh=
t: 30px;"></td>
        <td class=3D"col" valign=3D"top" width=3D"250">
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    <h3 style=3D"font-family: 'Montserrat', sans-serif; color: #000000; =
font-size: 18px; line-height: 125%; font-weight: bold; font-style: norma=
l; text-decoration: none; ;margin-bottom: 8px;"><span style=3D"color: rg=
b(255, 0, 0);">A View From Business</span></h3>

    <table width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"=
0">
        <tr>
            <td height=3D"20" style=3D"line-height: 20px;"></td>
        </tr>
    </table>

    <table width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"=
0">
        <tr>
            <td align=3D"left">
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    <a href=3D"https://badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOj=
Q2MTU1OSxcImxcIjoxNzE3NTEzMTUzNDQ0NTkyNzMsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MD=
AxfSIsInMiOiIxZjQ1ZDc1NTMzNmQ3Mzk5In0" target=3D"_blank" builder-link-id=
=3D"38" style=3D"text-decoration: none;" data-link-id=3D"171751315344459=
273">
            <img src=3D"https://storage.mlcdn.com/account_image/461559/T=
hdrDrIq661MvEgUOxe3B6qtMCyI3TwbnDGuCysj.png" loading=3D"lazy" border=3D"=
0" alt width=3D"250" class=3D"img" style=3D"display: block;">
        </a>



            </td>
        </tr>
        <tr>
            <td height=3D"20" style=3D"line-height: 20px;"></td>
        </tr>
    </table>

    <h2 style=3D"font-family: 'Montserrat', sans-serif; color: #000000; =
font-size: 24px; line-height: 125%; font-weight: bold; font-style: norma=
l; text-decoration: none; ;margin-bottom: 10px;">B20 high-level panel:&n=
bsp;Business needs a capable state to thrive</h2>

    <table width=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"=
0">
        <tr>
            <td height=3D"20" style=3D"line-height: 20px;"></td>
        </tr>
    </table>

    <p style=3D"font-family: 'Montserrat', sans-serif; color: #515856; f=
ont-size: 16px; line-height: 165%; margin-top: 0; margin-bottom: 0;">Con=
versations at and around the B20 in Johannesburg this week have focused =
on the benefits of a strong and united private sector, but this has rais=
ed questions about whether governments are coming to the party. <span cl=
ass=3D"ml-rte-link-wrapper"><a href=3D"https://badeog.clicks.mlsend.com/=
tj/cl/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUzNTE3OTkzMDYsXCJyXC=
I6MTcxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiIyYmU5MTMyNDlkNGRmNjQ2In0" target=3D=
"_blank" builder-link-id=3D"25" style=3D"color: #007bff; font-weight: no=
rmal; font-style: normal; text-decoration: underline;" data-link-id=3D"1=
71751315351799306">Read more</a>.</span></p>

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l/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUzNjAxODc5MTYsXCJyXCI6MT=
cxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiJhMzM4ODI3ZDQzNjllZTMxIn0" target=3D"_bl=
ank" builder-link-id=3D"66" style=3D"text-decoration: none;" data-link-i=
d=3D"171751315360187916">
                                <img src=3D"https://storage.mlcdn.com/ac=
count_image/461559/8uGOTkLXYRyBFEGKEQV832NPuthURH96Jdp8mgCv.png" loading=
=3D"lazy" border=3D"0" alt width=3D"640" class=3D"img" style=3D"display:=
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"0" cellpadding=3D"0" style=3D"color: #515856; width: 640px; min-width: =
640px; margin-bottom: 0;">
                    <tr>
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=3D"20" style=3D"line-height: 20px; min-width: 640px;"></td>
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font-size: 18px; line-height: 125%; font-weight: bold; font-style: norma=
l; text-decoration: none; ;margin-bottom: 8px; margin-bottom: 0;"><span =
style=3D"color: rgb(255, 0, 0);">G20 Engagements Groups&nbsp;</span></h3=
>

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"0" cellpadding=3D"0" style=3D"color: #515856; width: 640px; min-width: =
640px; margin-bottom: 0;">
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=3D"20" style=3D"line-height: 20px; min-width: 640px;"></td>
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    <a href=3D"https://badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOj=
Q2MTU1OSxcImxcIjoxNzE3NTEzMTUzNjY0Nzk0MjMsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MD=
AxfSIsInMiOiJmNTgwYWIzNWM4YzdjNWZmIn0" target=3D"_blank" builder-link-id=
=3D"40" style=3D"text-decoration: none;" data-link-id=3D"171751315366479=
423">
            <img src=3D"https://storage.mlcdn.com/account_image/461559/L=
LNdejA7MHMxtGSRUHXLKpfNuuEf9sLAmnMCGpkt.png" loading=3D"lazy" border=3D"=
0" alt width=3D"540" class=3D"img" style=3D"display: block;">
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        <td>
            <h2 style=3D"font-family: 'Montserrat', sans-serif; color: #=
000000; font-size: 24px; line-height: 125%; font-weight: bold; font-styl=
e: normal; text-decoration: none; ;margin-bottom: 10px;">W20 -&nbsp;Main=
streaming gender: Will Africa=E2=80=99s first G20 deliver progress for w=
omen?&nbsp;</h2>
<p style=3D"font-family: 'Montserrat', sans-serif; color: #515856; font-=
size: 16px; line-height: 165%; margin-top: 0; margin-bottom: 0;">Women20=
 (W20), the G20=E2=80=99s official engagement group on women=E2=80=99s e=
mpowerment, is urging leaders to mainstream gender considerations across=
 fiscal, monetary, trade, climate and digital policy; however, support f=
or gender mainstreaming must move beyond rhetoric, warns the W20 Sherpa =
for South Africa=E2=80=99s Presidency. <span class=3D"ml-rte-link-wrappe=
r"><a href=3D"https://badeog.clicks.mlsend.com/tj/cl/eyJ2Ijoie1wiYVwiOjQ=
2MTU1OSxcImxcIjoxNzE3NTEzMTUzNzI3NzA4ODAsXCJyXCI6MTcxNzUxMzUxNDcyMDk3MDA=
xfSIsInMiOiIwNTlmOWZhMTFiNzdhNzEyIn0" target=3D"_blank" builder-link-id=3D=
"39" style=3D"color: #007bff; font-weight: normal; font-style: normal; t=
ext-decoration: underline;" data-link-id=3D"171751315372770880">Read mor=
e</a></span>.&nbsp;</p>
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                <table class=3D"container ml-90 ml-default-border" width=
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"0" cellpadding=3D"0" style=3D"color: #515856; width: 640px; min-width: =
640px; margin-bottom: 0;">
                    <tr>
                        <td class=3D"ml-default-border container" height=
=3D"40" style=3D"line-height: 40px; min-width: 640px;"></td>
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<table align=3D"center" width=3D"100%" border=3D"0" cellspacing=3D"0" ce=
llpadding=3D"0">
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        <td>
            <h1 style=3D"font-family: 'Montserrat', sans-serif; color: #=
000000; font-size: 36px; line-height: 125%; font-weight: bold; font-styl=
e: normal; text-decoration: none; ;margin-bottom: 10px;">INSIGHTS&nbsp;<=
/h1>
<h2 style=3D"font-family: 'Montserrat', sans-serif; color: #000000; font=
-size: 24px; line-height: 125%; font-weight: bold; font-style: normal; t=
ext-decoration: none; ;margin-bottom: 10px; margin-bottom: 0;">Forecast =
of Infrastructure Investment Needs by Region,&nbsp;2025-2040&nbsp;</h2>
        </td>
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        <td height=3D"30" style=3D"line-height:30px;"></td>
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2ckab9eGYU8WGq5IPUK9h7c1CrxHgSj.png" loading=3D"lazy" border=3D"0" alt w=
idth=3D"540" class=3D"img" style=3D"display: block;">



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        <td>
            <p style=3D"font-family: 'Montserrat', sans-serif; color: #5=
15856; font-size: 16px; line-height: 165%; margin-top: 0; margin-bottom:=
 10px;"><strong>Substantial financial investment is required to meet Afr=
ica=E2=80=99s growing infrastructure needs. Forecasted infrastructure sp=
ending on the continent continues to lag behind other major regions, bot=
h in absolute and per-capita terms.&nbsp;Africa faces the largest infras=
tructure investment gap of any region, with forecasted per-capita invest=
ment of just USD 1.7k=E2=80=9473% below the global average of USD 6.3k a=
nd far lower than Oceania (USD 24.4k), Europe (USD 11.7k), the Americas =
(USD 8.5k), and Asia (USD 6.4k).</strong></p>
<p style=3D"font-family: 'Montserrat', sans-serif; color: #515856; font-=
size: 16px; line-height: 165%; margin-top: 0; margin-bottom: 0;">As&nbsp=
;highlighted in the <a href=3D"https://badeog.clicks.mlsend.com/tj/cl/ey=
J2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUzODAxMTA5MTMsXCJyXCI6MTcxNz=
UxMzUxNDcyMDk3MDAxfSIsInMiOiI5NzAzNGVhOGJmNTJiNmQ3In0" target=3D"_blank"=
 builder-link-id=3D"42" style=3D"color: #007bff; font-weight: normal; fo=
nt-style: normal; text-decoration: underline;" data-link-id=3D"171751315=
380110913">B20 paper on Finance and Infrastructure</a>,&nbsp;presented w=
ithin the G20 engagement framework,&nbsp;Africa faces an annual infrastr=
ucture financing gap of USD 68=E2=80=93108 billion,&nbsp;roughly 50=E2=80=
=9360% of its total requirements. Although Africa=E2=80=99s total projec=
ted need for 2025=E2=80=932040 (USD 3.1 trillion) is smaller than those =
of other regions, its extremely low per-person investment highlights a s=
evere and structural underfunding gap, reinforcing the urgency of scalin=
g capital flows to meet the continent=E2=80=99s development requirements=
.</p>
        </td>
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                <!--[if mso]>
                <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" x=
mlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"https://www.b20=
southafrica.org/wp-content/uploads/2025/09/B20_Finance__Infrastructure_D=
igital-Version.pdf" target=3D"_blank"
                         style=3D"width: 540px;
                         v-text-anchor:middle;" arcsize=3D"12%" stroke=3D=
"f" strokecolor=3D"#000000" strokeweight=3D"2px">
                    <v:fill color=3D"#000000" opacity=3D"100%"/>
                    <w:anchorlock/>
                    <v:shadow on=3D"f" color=3D"#000000" offset=3D"0px 2=
px 0px 0px"></v:shadow>
                    <v:textbox inset=3D"25px,10px,25px,10px" style=3D"ms=
o-fit-shape-to-text:true;">
                        <center>
                            <span style=3D"font-family:sans-serif;color:=
#ffffff;font-size:14px;line-height:14px;mso-line-height-rule:exactly;fon=
t-weight: normal; font-style: normal; text-decoration: none;">
                                <div>Read the full B20 Paper on Finance =
and Infrastructure here <div></div></div>
                            </span>
                        </center>
                    </v:textbox>
                </v:roundrect>
                <![endif]-->
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right-alt: 25px; -webkit-font-smoothing: auto; word-break: break-all;">
                            <!-- Firefox fix -->
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                            <a href=3D"https://badeog.clicks.mlsend.com/=
tj/cl/eyJ2Ijoie1wiYVwiOjQ2MTU1OSxcImxcIjoxNzE3NTEzMTUzODc0NTA5NDYsXCJyXC=
I6MTcxNzUxMzUxNDcyMDk3MDAxfSIsInMiOiIwNzI2ZjBhY2U5Y2ZmY2UzIn0" target=3D=
"_blank" builder-link-id=3D"27" style=3D"display: block; padding: 10px 2=
5px; font-family: 'Poppins', sans-serif; font-size: 14px; color: #ffffff=
; letter-spacing: 0.025em; text-decoration: none; border-radius: 6px; li=
ne-height: 16px; mso-line-height-rule: at-least; word-break: break-word;=
 min-width: 70px; font-weight: normal; font-style: normal;" data-link-id=
=3D"171751315387450946">
                                <div>Read the full B20 Paper on Finance =
and Infrastructure here <div></div></div>
                            </a>
                        </th>
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