Category: Africa

  • MIL-OSI Europe: Written question – EU’s position on Italy’s role in the release of Osama Almasri Najim – E-000568/2025

    Source: European Parliament

    Question for written answer  E-000568/2025
    to the Commission
    Rule 144
    Ilaria Salis (The Left), Mimmo Lucano (The Left), Benedetta Scuderi (Verts/ALE), Cristina Guarda (Verts/ALE), Leoluca Orlando (Verts/ALE), Ignazio Roberto Marino (Verts/ALE)

    Reports indicate that Italian authorities facilitated the release of Osama Almasri Najim, a Libyan commander allegedly implicated in grave human rights violations and sought by the International Criminal Court (ICC). Given the EU’s commitment to justice, human rights and the principles of the Rome Statute, such actions could undermine the EU’s credibility in supporting accountability efforts in Libya. Italian Prime Minister Giorgia Meloni is now reportedly under investigation for this incident.

    • 1.How does the Commission assess Italy’s involvement in securing the release of Osama Almasri Najim, and does it consider this action compatible with EU values and legal commitments?
    • 2.What measures is the Commission taking to ensure that the Member States do not act in ways that undermine the ICC’s work and broader EU policies on accountability for human rights violations?
    • 3.How will the Commission strengthen its engagement in Libya to support justice and prevent further impunity for crimes under international law?

    Submitted: 7.2.2025

    Last updated: 20 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – The deteriorating security situation in the Democratic Republic of Congo due to the actions of the M23 group supported by Rwanda – P-000703/2025

    Source: European Parliament

    Priority question for written answer  P-000703/2025
    to the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy
    Rule 144
    Fernand Kartheiser (ECR), Nora Junco García (ECR), Bert-Jan Ruissen (ECR), Angéline Furet (PfE), Hans Neuhoff (ESN), Nikola Bartůšek (PfE)

    In light of the deteriorating security situation in the Democratic Republic of Congo (DRC) due to the actions of the M23 group supported by Rwanda, Kigali’s role in this conflict has been strongly criticised. Furthermore, the Memorandum of Understanding on minerals between the EU and Rwanda, signed on 19 February 2024, is being reconsidered, as it allegedly facilitates the illegal importation of minerals from the DRC into Rwanda, thereby fuelling the conflict in the DRC.

    In this context, the Commission is asked to respond to the following questions:

    • 1.Is the Commission undertaking diplomatic efforts, in cooperation with regional organisations, to put an end to the activities of the M23 group, and are there any planned initiatives or discussions aimed at pacifying and stabilising the region?
    • 2.Does the Commission plan to take concrete measures to ensure the cessation of Rwandan support for M23 and the withdrawal of Rwandan forces from DRC territory, and are sanctions being considered against those responsible for the violence?
    • 3.Is the Commission willing to terminate the EU-Rwanda Memorandum of Understanding on minerals?

    Submitted: 14.2.2025

    Last updated: 20 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Statement by President von der Leyen at the joint press conference with Barbadian Prime Minister Mottley

    Source: European Commission

    European Commission Statement Bridgetown, 19 Feb 2025 Prime Minister, dear Mia,
    Thank you for hosting me here in Barbados. It is indeed the first time that I am here, it is fantastic. It is a big pleasure to join you and our partners at this CARICOM Summit. I have crossed the Atlantic to share with you how much Europe values its partnership with the Caribbean. We live in an unpredictable world. In these times, it is more important than ever to stick together; to stand up for our values; and to deepen ties with friends.

    Despite being an ocean apart, Europe and the Caribbean are very close at heart. We are strong and vibrant democracies; we are convinced that it is of big importance to defend multilateralism and the rule of law; we believe in freedom and the right of people to choose their own future. This is why you have been standing with Ukraine since the very beginning of the war. Ukraine is a future member of the European family. So supporting them means also supporting us. And it is important to also call for a just peace not only in Ukraine but also in the Middle East, in Sudan and Haiti, which is what you have always done.

    While sharing our values, we also face some of the same challenges. When devastating hurricanes sweep through your islands, like hurricane Beryl last July, Europe wants to be by your side: We provide emergency support to those who have lost everything, we are rebuilding together. Actually, we are currently supporting Grenada to rebuild Carriacou and Petite Martinique with the goal of making the islands 100% powered by renewable energy. And we have just discussed how to strengthen our cooperation in resilience and preparedness, so to work closer together to have a foresight when these natural disasters and extreme weather events, which are often related to climate change, hit.

    We know that the fight against climate change is truly existential. In the face of hardship, the Caribbean are showing incredible leadership. Especially you, my dear Mia. You have amplified the voice of small island nations on the global stage, for the benefit of all humanity. This was key, for example, to the launch of the Loss and Damage Fund together at COP29. It amounts to almost USD 750 million in pledge, half of it covered by Europe and its Member States. Because climate financing is another very important challenge. Europe is the leading provider. We contribute well beyond our fair share of the USD 100 billion annual target.

    But we know that given the scale of the transition and its urgency, we need new and innovative financing tools – in addition – like green bonds and carbon and nature credits, for example, which is what we are working on. And we need to bring the private sector fully on board, with a smarter use of private and public funds. With your Bridgetown Initiative, dear Mia, you are leading the way to making green and development financing fairer, more accessible and more affordable so that the climate targets can be met.

    Another initiative you mentioned is renewable energy. At COP28 we agreed on global targets for renewables and energy efficiency. We want to triple renewable energy and double energy efficiency by 2030. To implement these goals, we created the Global Energy Transition Forum, because only what gets measured gets done, and we really need that the goals on paper are achieved on the ground. And this year, Barbados joined the Global Energy Transition Forum, I am very glad about that, that is great. It will allow us to deliver concrete projects on the ground and unlock more investment for the transition. And I hope that many Caribbean nations will follow your example.

    This brings me to our bilateral work. The starting point for us is our investment programme Global Gateway. That is the investment programme abroad for partners. It is already at work – here in Barbados and across the Caribbean. Together with Hydrogen de France we have just signed the first green hydrogen storage project in Barbados. What is important is that renewable energy is homegrown, and therefore it is cheaper: It gives you energy independence and it gives you energy security, and it is the energy of the future, because it is clean energy.

    We are, as you said, also working on the health sector. I think both of us have learnt our bitter lessons during COVID-19 and how vulnerable we are. And therefore, we support your pharmaceutical sovereignty. It means vaccines and medication produced in the Caribbean, for the Caribbean, but also to be a hub for the rest of the world. We have just signed a biomedical partnership between BioMedX, a European biotech company, and Barbados. And tomorrow, we will launch ‘PharmaNext’, a project that really boosts innovation and investments across the Atlantic. Because it also aligns the regulatory environment that is so important to move forward.

    We have other great projects in the Caribbean. One has really caught my attention: In Barbados and Grenada, we are turning the sargassum threat into an opportunity, and I think it is really smart. We are working to transform this harmful alga into fertiliser, biomass and even cosmetics.This project has, and this is phenomenal, the potential to leverage almost EUR 400 million in investments. And actually, we are bringing thus a harmful alga, fighting a harmful alga but turning it into an opportunity that brings revenue. So it could not be better. Finally, we are bringing the Caribbean closer together and closer to us – with digital connectivity. Tomorrow, we will commit with Spain to deliver high-speed internet via satellite to even the most remote communities here. So the last kilometre that is always so difficult, we are going to manage that now via satellite.

    To me, the spirit of Global Gateway is needed more than ever. We are investing in value chains, skills and jobs. We are sharing knowledge and technology for the benefit of both sides. We are looking into a long-term and trusted partnership. And we are convinced that a win-win situation is the most beneficial for our people and our economy.

    Thank you very much again for having me here.

    MIL OSI Europe News

  • MIL-OSI: Bitget’s Liquidity Depth Analysis Highlights Competitive Edge in Crypto Trading

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 20, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has collaborated with CryptoRank to conduct an in-depth comparative analysis of liquidity depth among the top five global centralized cryptocurrency exchanges (CEXs): Binance, Bitget, Bybit, MEXC, and OKX. The research offers valuable insights into each platform’s ability to handle large market orders with minimal price impact, a critical factor for traders seeking efficient trade execution.

    Top key findings of the report highlight Spot and Futures market liquidity. Bitget secured a second position among the top five global exchanges, showing substantial liquidity depth in major trading pairs such as BTC/USDT and ETH/USDT. This positions Bitget as a competitive choice for traders seeking efficient trade execution in high-volume markets.

    In the futures market, Bitget ranked fourth with strong liquidity across key pairs, reflecting its growing presence and capability in the derivatives trading sector.

    The analysis evaluated liquidity depth at around 2% price range from the mid-market price, a critical metric for assessing an exchange’s ability to handle large market orders with minimal slippage. Bitget’s performance in this area highlights its dedication to maintaining a liquid and stable trading environment for its users.

    The study reveals significant variations in liquidity depth across major centralized crypto exchanges in both spot and futures markets. Binance’s dominance in the spot market and MEXC’s leadership in the futures market highlight the diverse strengths of these platforms. Bitget’s strong performance in both markets aligns with the exchange’s market performance, which has made it the fastest-growing CEX in the top 10. These insights assist investors in selecting the most suitable exchange for their trading activities, considering factors such as liquidity depth and market focus.

    Recently, Forbes listed Bitget as one of the top most trusted crypto exchanges worldwide. In 2024, Bitget expanded its user base by 400%, from 20M in January to 100M in December. Spot trading surged from $160B in Q1 to $600B in Q4; daily volumes doubled to $20B. The high-paced updates and top performance amongst CEXs has pushed Bitget to the top #3 exchanges in derivatives trading while strengthening its positioning amongst the top #5 on Spot. Keeping the momentum going, Bitget continues to expand its offerings and improve platform features, maintaining high liquidity to support seamless trading for its vast user base.

    For more information, please find the Cryptorank report here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ad78461a-18f9-42bb-8720-fab1af7d2f47

    The MIL Network

  • MIL-OSI: MEXC Launches PAIN (PAIN) Airdrop+ with Spot and Futures Trading, Offering 270,000 USDT in Bonuses

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 20, 2025 (GLOBE NEWSWIRE) — MEXC, the world’s leading cryptocurrency trading platform, announced the listing of the PAIN (PAIN) on both spot and futures markets, scheduled for February 20, 2025, at 01:05 (UTC). The launch on MEXC will be accompanied by Airdrop+ rewards of 270,000 USDT.

    Unleashes the Power of PAIN: The Meme That Took Over the Internet Goes Crypto

    Inspired by the legendary “Hide the Pain Harold” meme, which has entertained the internet for over 14 years, PAIN represents more than just a token—it embodies resilience, humor, and the idea that what doesn’t kill you makes you stronger. PAIN’s meme identity is rooted in the viral images of András István Arató, a retired Hungarian electrical engineer whose iconic awkward yet polite smile became a universal symbol of concealed struggle. Over the years, Arató has embraced his internet fame, securing brand deals with Coca-Cola, starring in TV shows, and even hosting Hungary’s annual sports awards. Now, PAIN makes its mark in the crypto world, connecting its long-standing internet legacy with the rapidly growing meme coin sector.

    As a global leader in digital asset trading, MEXC’s listing of PAIN highlights the growing influence of meme culture in Web3 and the expanding role of community-driven tokens. By offering strong liquidity, broad market access, and dedicated trading support, MEXC provides the perfect environment for PAIN to thrive.

    To celebrate the listing, MEXC is also launching a $270,000 reward pool across two major activities, allowing users to engage with PAIN, explore the meme-powered economy, and be part of one of the most entertaining narratives in the digital asset space.

    Celebrate the PAIN Launch with a prize pool of 270,000 USDT

    In a significant show of support for PAIN and its expansive ecosystem, MEXC is set to list the new PAIN token. This move not only underscores MEXC’s commitment to pioneering blockchain projects but also connects users with a dynamic network that fuels cutting-edge initiatives.

    MEXC, known for quickly listing trending tokens, expands its offerings with PAIN (PAIN). The PAIN/USDT trading market officially launched in the Innovation Zone on February 20, 2025, at 01:05 (UTC), followed by the introduction of the PAIN USDT perpetual futures at 01:23 (UTC), offering adjustable leverage from 1x to 50x with both cross and isolated margin modes.

    To celebrate the listing of PAIN (PAIN) on MEXC Spot and Futures on February 20, MEXC is launching a series of exclusive activities starting on February 20, 2025, at 07:00 (UTC). Participants will have the chance to win USDT bonuses, and other exciting rewards, with opportunities available for both new and experienced users.

    These activities include:

    • Event 1: Airdrop+

    Benefit 1: Deposit and share 200,000 USDT in Futures bonus (New user exclusive).
    Benefit 2: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (Open all users).
    Benefit 3: Invite new users and share 20,000 USDT in Futures bonus (Open to all users).

    • Event 2: Spread the Word and Win 1,000 USDT in Bonus.

    Your Easiest Way to Trending Tokens

    MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 30 million by providing a diverse selection of tokens, high-frequency airdrops, and simple participation processes. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official WebsiteXTelegramHow to Sign Up on MEXC

    Contact:
    Lucia Hu
    PR Manager
    lucia.hu@mexc.com

    Disclaimer: This content is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7a0aa8f2-bfba-4145-9b11-4629db3d330c

    The MIL Network

  • MIL-OSI: cBrain reports EBT of 32% and raises payout ratio to 20%

    Source: GlobeNewswire (MIL-OSI)

     

    Company Announcement no. 03/2025

    cBrain reports EBT of 32% and raises payout ratio to 20%

    Copenhagen, February 20, 2025

    cBrain (NASDAQ: CBRAIN) reports revenue grew by +12% to DKK 268m in 2024, up from DKK 239m in 2023, aligning with the expected revenue growth range of 12-13%.

    Software revenue is 78% of total revenue, while implementation and support services account for 22% of total revenue. Software subscriptions, the majority based on long-term contracts with Danish government customers, account for more than 50 % of the total revenue.

    Earnings before tax (EBT) grew to DKK 86m in 2024, up from DKK 81m in 2023, thereby reaching an EBT margin of 32%. EBT is therefore at the expected EBT margin of 30-32%.

    Due to faster-than-expected global industry changes as well as market uncertainties in the US and Germany, cBrain has held back some of the planned market investments in 2024. This has resulted in costs being lower than expected.

    The results show a strong positive cash flow from operating activities. This enables an increase in dividends and investments in the growth of the company and at the same time reduces long-term loans on cBrain-owned buildings.

    cBrain does not have a share buyback program. However, due to solid earnings, cBrain proposes to raise dividends to DKK 0,64 per share (2023: DKK 0,28 per share) corresponding to a payout ratio of approx. 20% of profit for the year.

    Executing the growth plan
    In 2022, cBrain announced its 2023-2025 growth plan with the goal of consolidating the business model and preparing for long-term growth by positioning itself as a supplier of climate software for government and developing a partner model.

    During the past two years, cBrain has executed this plan and during 2023 and 2024, cBrain has grown, initiated partnerships, and delivered solid results, growing revenue by +42% and growing EBT by +76%.

    The growth plan assumes that government organizations over time will switch from relying on custom-built solutions and best-of-breed architectures to using standard software. The government IT industry is massive and dominated by large suppliers who benefit from consultancy fees and billable hours. This creates significant entry barriers as the classic vendors defend their business, and the growth plan therefore anticipates a long and slow transition to standard software.

    The COTS for government seem to emerge faster than anticipated
    Contrary to these assumptions, cBrain now sees indications that industry shifts toward standard software and platforms are occurring faster than anticipated. Fueled by a lack of skilled IT resources and a growing demand for fast delivery, cBrain sees a rapidly emerging IT industry, referred to as Commercial Off-The-Shelf (COTS) for government. For cBrain, this presents new strategic opportunities.

    COTS for government, leveraging new technologies and platforms such as the F2 Digital Platform, enables digital transformation at higher speed and lower costs that outperform traditional IT modernization.

    For example, cBrain delivered a complete end-to-end digital platform for two new Danish ministries within just three weeks during the autumn of 2024, and in 2025 cBrain has just announced a third new Danish ministry, following a similar fast-track implementation schedule. Traditionally, projects of this nature take years and often fail. The Danish ministerial cases thereby exemplify the power of the COTS for government approach.

    cBrain has a first-mover advantage
    The long-term cBrain growth strategy is founded on a vision and a business case to provide standard software for government. Over the past 15 years, cBrain has invested more than 450,000 hours in developing the F2 platform. Danish ministries and a total of more than 75 Danish authorities use F2 as their digital platform. Internationally cBrain has delivered F2 for government organizations across five continents.

    With a solid first-mover advantage and a strong customer base, cBrain is well-positioned to become a leading international software provider of COTS for government solutions.

    During the year 2024, the accelerated market shift and the power of the COTS for government approaches have opened new opportunities for cBrain. This is exemplified by the recent collaboration between cBrain and UNDP in Africa to support the UNDP Digital Offer for Africa strategy, and larger orders in Romania helping to modernize traditional mainframe-type solutions.

    Reiterating the international growth strategy
    The faster-than-expected market shift, with government looking toward IT modernization and digitization based on the alternative COTS for government approach, clearly represents an incredibly positive development for cBrain.

    cBrain wants to fully take advantage of this, and a solid business with strong cash flow and earnings offer strategic flexibility. Consequently, cBrain is now reiterating and potentially adjusting its international growth strategy.

    This includes evaluating organizational readiness, as well as market and product development strategies, to leverage and maximize the benefits of accelerated industry changes. With the goal of being an internationally leading vendor in the emerging COTS for government industry, cBrain will execute several changes to the growth plan during the spring of 2025.

    Driving international expansion
    With the current Danish customer base, cBrain has a strong home market position. Internationally this is an important reference position, and cBrain intends to maintain and develop a strong position on the Danish market.

    However, to be a leader in the COTS for government industry and fully deploy the potential of the new emerging industry, cBrain will direct more resources into its international business.

    cBrain has built its international business based on organic growth, building the business by addressing international customers directly or in collaboration with local partners. This strategy is maintained, but with an increased focus on working with international partners.

    As of today, over one-third of the total revenue is export. cBrain is currently reiterating and potentially adjusting its international growth strategy with a goal, that within a few years, the international revenue will be significantly larger than the Danish revenue.

    Lifting the business
    During the past two years, cBrain has built a pipeline of potential customers, which are significantly larger than the average Danish customer. This includes projects in Germany and the US, as well as projects in the Emirates, India, Kenya, and Romania.

    For cBrain to be a leader in the COTS for government industry, it is key to building an international business. Backed by a solid financial position, cBrain is therefore shifting a focus to international opportunities. This shift involves changes across the cBrain internal organization, from marketing and sales to delivery and R&D.

    cBrain announced the growth plan in 2022 with an ambition to reach a revenue of 350 million in the year 2025. cBrain continues to execute its growth plan. However, reaching the revenue ambition requires winning and delivering some of the large international contracts cBrain is currently working on.

    cBrain guides continued growth in revenue and solid earnings for 2025
    With limited visibility, cBrain forecasts expected revenue growth in 2025 of 10-15% and earnings before tax (EBT) of 18-23%.

    The earnings forecast is based on solid market development investments into international growth, across the African region, USA, Germany, and India, as well as investments into developing the F2-for-Partners concept.

    Best regards

    Per Tejs Knudsen, CEO

    Inquiries regarding this Company Announcement may be directed to 

    Ejvind Jørgensen, CFO & Head of Investor Relations, cBrain A/S, ir@cbrain.com, +45 2594 4973

    Attachments

    The MIL Network

  • MIL-OSI Russia: The Russian House in Addis Ababa opened the Information Center of RAFU and SPbPU

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The grand opening of the Information Center of the Russian-African Network University Consortium and Peter the Great St. Petersburg Polytechnic University took place in the capital of Ethiopia, Addis Ababa, at the Russian House. The event was attended by Deputy Minister of Science and Higher Education of the Russian Federation Konstantin Mogilevsky, Head of Rossotrudnichestvo Yevgeny Primakov, Deputy Director of the International Cooperation Department Stepan Sokolov and Head of the Russian House in Ethiopia Vladimir Golovachev. The Polytechnic was represented by the head of the RAFU project office, Maxim Zalyvsky.

    The new center will become an important link in strengthening scientific and educational cooperation between Russia and Ethiopia, and will also promote Russian education on the African continent. The main goal is to develop partnerships with Ethiopian universities, popularize Russian educational programs, and prepare applicants interested in entering universities participating in the RAFU consortium. The center is equipped with information materials about Russian universities and methodological literature that will help future students make an informed choice.

    At the opening ceremony, Deputy Minister of Science and Higher Education Konstantin Mogilevsky emphasized: Cooperation between Russia and Ethiopia is developing in various key areas: education, science, culture. To obtain the best Russian education, especially in the engineering and technical field, it is important to have a good knowledge of mathematics, physics and other natural sciences from the very beginning. To help you on this path, today we are opening three new centers at the Russian House.

    As part of the event, the Russian Language Center of the Nizhny Novgorod State Linguistic University and the Pre-University Education Center of the Saint Petersburg State Electrotechnical University “LETI” were also opened in the capital of Ethiopia.

    We strive to create conditions so that every potential applicant could receive all the necessary information about Russian universities, areas of study, admission procedures, as well as available grants and scholarships. This will help young people make the right choice of their future profession and discover new opportunities for studying in Russia, – said Maxim Zalyvsky, head of the RAFU project office.

    The opening of the center was an important step in strengthening Russian-Ethiopian relations in the field of education and science. It will become not only a platform for information, but also a place where students and teachers can exchange experiences, participate in joint projects and build long-term cooperation.

    The head of Rossotrudnichestvo, Yevgeny Primakov, added: We are happy to share knowledge and strive for young people, enriched by Russian culture and science, to make their countries stronger, to raise their economies, technologies, and businesses. The Russian House in Ethiopia is a living embodiment of this philosophy. It will develop, filling with people, ideas, and the energy of the young.

    The Russian-African Network University unites leading Russian universities that are actively developing partnerships with African countries. The Polytechnic University has been the coordinator of the RAFU consortium since 2023.

    As part of the ceremonial event, NGLU and the Ethiopian Association of Graduates of Soviet and Russian Universities joined the RAFU consortium.

    The Polytechnic University is interested in strengthening educational and scientific ties with Ethiopia and other African countries. The opening of the joint Information Center of SPbPU and RAFU is an important step in implementing the strategy of the Russian Government to expand the presence of Russian education and science on the African continent, emphasized Dmitry Arsenyev, Vice-Rector for International Affairs at SPbPU.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Europe: Netherlands to return looted Benin Bronzes to Nigeria

    Source: Government of the Netherlands

    At the request of Nigeria, the Netherlands is returning 113 Benin Bronzes from the Dutch State Collection. This decision was taken by the Minister of Education, Culture and Science Eppo Bruins. In 1897 British soldiers looted these objects from the Kingdom of Benin (now part of modern-day Nigeria) and sold them. They eventually ended up in the Dutch State Collection. The Benin Bronzes are an important record of the history of the Kingdom of Benin and, thus, of great significance to Nigeria. The Bronzes, consisting of plaques, personal ornaments and figures, are currently housed in the collection of Wereldmuseum Leiden. The return of these objects is the result of intensive cooperation between experts and representatives of both countries.

    Minister Bruins: “This restitution contributes to redressing a historical injustice that is still being felt today. Cultural heritage is essential for telling and living the history of a country and a community. The Benin Bronzes are indispensable to Nigeria. It is good that they are going back.”

    The transfer agreement will be signed in Leiden on 19 February by Mr Bruins and Olugible Holloway, Director-General of the Nigerian National Commission for Museums and Monuments.

    DG Holloway: ‘The return from the Netherlands will represent the single largest return of Benin antiquities directly linked to the 1897 British punitive expedition. We thank the Netherlands for their cooperation and hope this will set a good example for other nations of the world in terms of repatriation of lost or looted antiquities.’

    The return follows the publication of an advisory report by the Colonial Collections Committee, chaired by Lilian Gonçalves-Ho Kang You. The objects will be returned to the Nigerian government, which will then decide how and where they will be displayed. The Wereldmuseum hopes that the return of the objects will not mark the end of the process, but rather serve as a starting point for further cooperation between museums in Nigeria and the Netherlands.

    Return of objects by the municipality of Rotterdam

    In addition to the return of 113 objects from the Dutch State Collection, on 19 February the municipality of Rotterdam will also be returning a further six objects that fall under the Benin Bronzes collection. These objects – a bell, three relief plaques, a coconut casing and a staff – were also looted in 1897.

    Said Kasmi, a member of the Rotterdam municipal executive: ‘Art and heritage should be where they belong. These objects belong in Nigeria. By returning them, we’re taking an important step towards recognising the past and respecting the value these objects hold for Nigeria.’

    Advisory report published by the Colonial Collections Committee

    On the basis of a provenance investigation conducted by the Wereldmuseum and the municipality of Rotterdam, the Colonial Collections Committee advised the minister to return these objects in line with the Netherlands’ colonial collections policy. This advisory report resulted from close consultation and collaboration with the Nigerian National Commission for Museums and Monuments. The Committee published the report on its website. This is the fifth time that the Netherlands is returning objects as a direct result of an advisory report by the Committee. The Committee is currently drawing up advisory reports in response to requests submitted by Sri Lanka, India and Indonesia.

    MIL OSI Europe News

  • MIL-OSI: Bitget Wallet Maximizes Pi Airdrop Utility with Full Mainnet Support

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 20, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, has announced full support for the Pi airdrop as its mainnet launches on February 20 at 8:00 (UTC), 2025. As one of the first multi-chain wallets to integrate Pi’s mainnet, Bitget Wallet offers a secure platform for users to claim, store, and swap Pi tokens, ensuring seamless participation in its expanding ecosystem.

    Pi Network (PI) is a cryptocurrency project focused on accessibility, allowing users to mine tokens directly from their mobile devices without expensive hardware. Pi Network has attracted over 100 million participants with its mobile-first mining model, highlighting the potential of community-driven adoption. Its mainnet launch represents a pivotal transition from a closed system to an open blockchain infrastructure, where the viability of Pi’s ecosystem will be tested through real-world use cases and network scalability.

    Beyond simple transactions, Pi tokens can be used for peer-to-peer transfers, payments in merchant marketplaces, and staking for network security and governance. These functions provide practical applications for users looking to maximize the value of their Pi holdings. However, as Pi transitions to an open blockchain, its mainnet launch will serve as the first real test of whether these utilities can be fully realized at scale. The success of Pi’s ecosystem will depend on how well it supports active transactions, sustainable incentives, and broader adoption beyond speculation.

    Bitget Wallet enhances Pi holders’ ability to utilize their tokens efficiently. Users can securely store and trade Pi, stake tokens for passive income, and make real-world payments. The wallet’s low transaction fees, instant swaps with no slippage, and ability to trade without mainnet gas fees create a seamless user experience. Additionally, Bitget Wallet’s bank-grade security, including multi-signature cold storage and 2FA verification, ensures asset protection. Multi-chain support allows users to swap Pi across networks, including Solana, BSC, Ethereum and more.

    To drive adoption, Bitget Wallet is launching dedicated campaigns to enhance liquidity and encourage broader participation. As part of its initiatives, Bitget Wallet will host an X Space AMA session “PI Launches: What’s Next for PI?“, inviting the community to discuss Pi’s future while offering users a chance to win rewards. Participants who drop screenshots of their Pi holdings in Bitget Wallet will be eligible to share a $314 USDT prize pool. With Pi’s momentum continuing to grow, Bitget Wallet is positioning itself as the go-to platform for Pi holders looking to maximize their assets and expand their onchain activities.

    “Pi Network’s mainnet launch is a defining moment—not just for Pi, but for the broader Web3 movement,” said Alvin Kan, COO of Bitget Wallet. “While its limited market supply and strong network effects may drive early interest, its long-term success will depend on real-world utility beyond speculation. The challenge is building an ecosystem where users hold, transact, and find lasting value. At Bitget Wallet, we are committed to equipping users with the right tools to navigate this evolving landscape.”

    For more details, please visit Bitget Wallet blog.

    About Bitget Wallet
    Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, an NFT marketplace and crypto payment. Supporting over 100 blockchains, 20,000+ DApps, and 500,000+ tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300+ million protection fund to ensure safety of users’ assets. Experience Bitget Wallet Lite to start a Web3 journey.

    For more information, visit: XTelegramInstagramYouTubeLinkedInTikTokDiscordFacebook
    For media inquiries, please contact media.web3@bitget.com

    The MIL Network

  • MIL-OSI: SBM Offshore Full Year 2024 Earnings

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, February 20, 2025

    Record-level results, increasing total shareholder returns

    Highlights

    • Record Directional1 Revenue of US$6.1 billion (+35%), in line with guidance
    • Record Directional EBITDA of US$1.9 billion (+44%), in line with guidance
    • Record US$35.1 billion Directional backlog; US$9.5 billion or EUR51.6/share2 Directional net cash backlog3
    • 30% increase in cash return to US$1.59 per share4: US$155 million dividend5; US$150 million share repurchase6
    • US$1.7 billion cash return to shareholders over the coming 6 years
    • 2025 Directional Revenue guidance of above US$4.9 billion
    • 2025 Directional EBITDA guidance of around US$1.55 billion
    • Completion of FPSO Prosperity and Liza Destiny sales in Q4 2024
    • FPSO Almirante Tamandaré achieved first oil on February 15, 2025

    SBM Offshore’s 2024 Annual Report can be found on its website under: Annual Reports – SBM Offshore

    Øivind Tangen, CEO of SBM Offshore, commented:
            
    “SBM Offshore has delivered excellent results in 2024 with a record-level directional revenue of US$6.1 billion and record-level directional EBITDA of US$1.9 billion, reflecting three new awards and the purchases of FPSOs Prosperity and Liza Destiny by ExxonMobil Guyana. Thanks to the addition of three new awards, we ended the year with a record US$35.1 billion backlog. From this we expect to generate US$9.5 billion net cash, equivalent to almost 52 euro per share2. Based on this strong performance, we are increasing our fixed cash return by 30% to US$1.59 per share4 through a proposed US$155 million dividend5 and US$150 million share repurchase6 program. At this level we will deliver a minimum US$1.7 billion cash return to shareholders over the next 6 years.

    Our Fast4Ward® program is setting the pace for deepwater developments. FPSO Almirante Tamandaré achieved first oil on February 15, 2025. This vessel, which benefits from emission reduction technologies, is the largest operating unit in Brazil. Two additional units are on track to achieve first oil in 2025. First, FPSO Alexandre de Gusmão which sailed-away at the end of 2024, followed by FPSO ONE GUYANA. These three units have a combined capacity of 655,000 barrels of oil per day. With these achievements, we are further de-risking our construction portfolio.

    We strive for excellence both in terms of project execution and asset management. Our lifecycle approach in the FPSO market is unique and the focus on continuous improvement is setting a strong foundation for success. The outlook for new deepwater projects is strong given their low break-even prices and low emission intensity. In the next three years, we see 16 projects in the
    Company’s core market of large and complex FPSOs, driven by the promising prospects in Brazil, Guyana, Suriname and Namibia. We have ordered our 10th MPF hull giving us two hulls to support tendering activities. We will remain disciplined in selecting the highest quality projects.

    As the world’s ocean-infrastructure expert we are using our experience to further diversify and decarbonize the solutions we offer. In 2024, we created a joint venture, Ekwil, with Technip Energies to enhance our floating offshore wind product offering, and in early 2025 we completed a minority equity investment in Ocean-Power to offer lower-emission power solutions. We are now able to offer a market ready near-zero emission FPSO and were recently awarded a contract by Petrobras to qualify SBM’s Carbon Capture Module technology for FPSOs.”

    Financial Overview7

        Directional   IFRS
                     
    in US$ million   FY 2024 FY 2023 % Change   FY 2024 FY 2023 % Change
    Revenue   6,111 4,532 35%   4,784 4,963 -4%
    Lease and Operate   2,369 1,954 21%   2,074 1,563 33%
    Turnkey   3,743 2,578 45%   2,710 3,400 -20%
    EBITDA   1,896 1,319 44%   1,041 1,239 -16%
    Lease and Operate   1,261 1,124 12%   842 695 21%
    Turnkey   724 296 145%   287 646 -56%
    Other   (89) (101) -12%   (88) (101) -13%
    Profit attributable to Shareholders   907 524 73%   150 491 -69%
    Earnings per share (US$ per share)   5.08 2.92 74%   0.84 2.74 -69%
                     
    in US$ billion   FY 2024 FY 2023 % Change   FY 2024 FY 2023 % Change
    Pro-forma Backlog   35.1 30.3 16%  
    Net Debt   5.7 6.7 -15%   8.1 8.7 -7%

    Directional revenue increased by 35% to US$6,111 million compared with US$4,532 million in 2023. This increase is driven by the Directional Turnkey revenue which rose to US$3,743 million in 2024 compared with US$2,578 million in 2023. This 45% increase stems from (i) the sale of FPSOs Prosperity and Liza Destiny completed respectively in November and December 2024, (ii) the progress on awarded contracts for the FPSOs Jaguar and GranMorgu, (iii) the 13.5% divestment to CMFL completed in October 2024, and (iv) the increased support to the fleet through brownfield projects. This increase was partly offset by a reduction in charter revenues following (i) the sale of FPSO Liza Unity in November 2023, (ii) the completion of FPSO Prosperity during the last quarter of 2023 as well as a delay in the start-up of FPSO Sepetiba early 2024, and (iii) a comparatively lower level of progress on both FPSOs Almirante Tamandaré and Alexandre de Gusmão as those projects approached completion in 2024.

    Directional Lease and Operate revenue stood at US$2,369 million compared with US$1,954 million in the year-ago period. This 21% increase mainly reflects (i) FPSO Prosperity joining the fleet during the last quarter of 2023 and Sepetiba joining the fleet in January 2024, (ii) a higher contribution of FPSOs N’Goma, Saxi Batuque and Mondo following the acquisition of interests held by Sonangol mid-2024, and (iii) an increase in reimbursable scope. This was partly offset by FPSO Liza Unity only contributing in 2024 as an operating contract following the purchase of the unit by ExxonMobil Guyana at the end of 2023.

    Directional EBITDA amounted to US$1,896 million, which is a 44% year-on-year increase compared with US$1,319 million in 2023. This was mostly attributable to the Turnkey segment which increased by over US$400 million to US$724 million in 2024. Directional Turnkey EBITDA was mainly impacted by (i) the same drivers as for Directional Turnkey revenue (except that being at relative early stages of completion, FPSO Jaguar only contributed marginally to Turnkey EBITDA and FPSO GranMorgu not at all), and (ii) a reduced investment on Floating Offshore Wind projects following the implementation of Ekwil Joint Venture in partnership with Technip Energies.

    Directional Lease and Operate EBITDA stood at US$1,261 million for the year-ended 2024 compared with US$1,124 million in the previous year. The 12% increase reflects (i) the same key factors as for Directional Lease and Operate revenue, (ii) the net gain on the acquisition of interests held by Sonangol in 3 FPSOs and the divestment in the parent company of the Paenal shipyard in Angola, and (iii) the dividends related to FPSO N’Goma partially offset by (iv) additional non-recurring maintenance costs for the fleet under operation.

    The other non-allocated costs charged to EBITDA amounted to US$(89) million in 2024, a US$(12) million improvement compared with the previous period mainly due to the one-off impact of US$11 million of restructuring costs in 2023.

    During the last quarter of 2024, the Company performed a review of revised estimates of cash flow, maintenance and repair costs. Based on this analysis, actual values and future cash flows related to FPSO Cidade de Anchieta were re-estimated leading to an impairment charge of US$(39) million, accounted for in the 2024 results.

    Directional net profit increased by over 70% standing at US$907 million in 2024, or US$5.08 per share, mainly reflecting the increase in Directional EBITDA.

    Liquidity, Funding and Directional Net Debt

    The Company’s financial position has remained strong as a result of the cash flow generated by the fleet, as well as the positive contribution of the Turnkey activities.

    Directional Net debt decreased by US$(936) million to US$5,719 million at year-end 2024. This was driven by the repayment of the FPSOs Prosperity and Liza Destiny financings, the proceeds from the sale of the vessels and the Lease and Operate segment’s strong operating cash flow. This was partially offset by drawings on project financing facilities to fund the construction portfolio. The Company drew on the project finance facilities for FPSO ONE GUYANA, FPSO Almirante Tamandaré and FPSO Alexandre de Gusmão; additionally, the US$1.5 billion construction financing for FPSO Jaguar was signed and partly drawn in November 2024.

    More than a third of the Company’s Directional debt for the year-ended 2024 consisted of non-recourse project financing (US$2.2 billion) in special purpose investees. The remainder (US$4 billion) consisted mainly of borrowings to support the ongoing construction of 3 FPSOs which will become non-recourse following achievement of first oil. The project loan for FPSO Jaguar will be repaid following completion of construction. The Company’s RCF was drawn for US$500 million as at December 31, 2024 and the Revolving Credit Facility for MPF hull financing was drawn for US$89 million.

    Directional cash and cash equivalents amounted to US$606 million and lease liabilities totaled US$93 million at December 31, 2024.

    Cash and undrawn committed credit facilities amount to US$2,639 million at December 31, 2024.

    Directional Pro-Forma Backlog

    Change in ownership scenarios and lease contract duration have the potential to significantly impact the Company’s future cash flows, net debt balance as well as the profit and loss statement. The Company therefore provides a pro-forma Directional backlog based on the best available information regarding ownership scenarios and lease contract duration for the various projects.

    The pro-forma Directional backlog at the end of December 2024 increased by US$4.8 billion to a total of US$35.1 billion. This was mainly the result of (i) the FPSO Jaguar contract awarded in April 2024, (ii) the FSO Trion contract awarded in August 2024, and (iii) the FPSO GranMorgu contract awarded in November 2024, partially offset by (iv) turnover for the period which consumed approximately US$6.1 billion of backlog (including the sale of FPSO Prosperity completed in November 2024 and the sale of FPSO Liza Destiny completed in December 2024, in advance of the initial lease terms which were respectively in November 2025 and in December 2029), and (v) the 13.5% divestment to CMFL completed in October 2024, which was not reflected in the pro-forma Directional backlog end of 2023. The Company’s backlog provides cash flow visibility up to 2050.

    in US$ billion   Turnkey Lease & Operate Total
    2025   2.6 2.3 4.9
    2026   1.6 2.6 4.2
    2027   3.3 2.1 5.4
    Beyond 2028   0.2 20.3 20.5
    Total pro-forma Directional backlog   7.7 27.3 35.1

    The pro-forma Directional backlog at the end of 2024 reflects the following key assumptions:

    • The FPSO ONE GUYANA contract covers a maximum lease period of 2 years, within which the ownership of the FPSO will transfer to the client. The impact of the subsequent sale is reflected in the Turnkey backlog.
    • The FPSO Jaguar contract awarded to the Company in April 2024 covers the construction period within which the FPSO ownership will transfer to the client and is reported in the Turnkey backlog.
    • 10 years of operations and maintenance are considered for FPSOs Liza Destiny, Liza Unity, Prosperity and ONE GUYANA following signature of the Operations & Maintenance Enabling Agreement in 2023. Regarding FPSO Jaguar, the pro-forma Directional backlog includes the operating and maintenance scope for 10 years as it has been agreed in principle, pending a final work order. This is consistent with prior years.
    • The FPSO GranMorgu contract awarded to the Company in November 2024 covers the construction period within which the FPSO ownership will transfer to the client and is reported in the Turnkey backlog.
    • The FSO Trion contract awarded to the Company in August 2024 is considered for 20 years in lease and operate contracts at the Company ownership share at year-end (100%).
    • The transaction with MISC Berhad related to the FPSO Espírito Santo and FPSO Kikeh announced on September 6, 2024, and completed on January 31, 2025, has been reflected in the pro-forma Directional backlog.

    Project Review and Fleet Operational Update

    Project Client/Country Contract SBM Share Capacity, Size Percentage of Completion Project delivery
    FPSO Alexandre de Gusmão Petrobras
    Brazil
    22.5-year L&O 55% 180,000 bpd >75% 2025
    FPSO ONE GUYANA ExxonMobil
    Guyana
    2-year BOT 100% 250,000 bpd >75% 2025
    FPSO Jaguar ExxonMobil
    Guyana
    Sale & Operate 100% 250,000 bpd >25% <50% 2027
    FSO Trion Woodside 20-year Lease 100% n/a <25% n/a8
    FPSO GranMorgu TotalEnergies Sale & Operate 52% 220,000 bpd <25% 2028

    Projects are on track with one major delivery achieved in early 2025. After successful completion of the offshore commissioning activities, FPSO Almirante Tamandaré achieved first oil on February 15, 2025. An update on the individual ongoing projects is provided below considering the latest known circumstances.

    FPSO Alexandre de Gusmão – In December 2024, the vessel safely departed from the yard in China after successful completion of the onshore topsides’ integration and commissioning phase. The FPSO is on its way to Brazil. First oil is expected mid-2025.

    FPSO ONE GUYANA – Integration activities are completed and project teams are finalizing commissioning activities. First oil is expected in the second half of 2025.

    FPSO Jaguar – The Fast4Ward® MPF hull has been safely delivered and arrived in Singapore in preparation for the remaining vessel activities. The topside modules fabrication in Singapore continues as planned. First oil is expected in 2027.

    FSO Trion Engineering and procurement are progressing in line with project schedule.

    FPSO GranMorgu The Fast4Ward® MPF hull has been safely delivered. Engineering and procurement are progressing in line with project schedule.

    Fast4Ward®MPF hulls – Under the Company’s successful Fast4Ward® program, the 10th MPF hull has been ordered. 4 Fast4Ward® MPF hulls are in operation, another 4 allocated to projects and 2 reserved as part of tendering activities driven by the strong FPSO market outlook.

    Contract extension – The Company has agreed a contract extension related to the lease and operation of FPSO Saxi Batuque up to June 2026.

    Fleet Uptime – The fleet’s uptime was 95.9% in 2024.

    Safety and Sustainability

    Safety – The Total Recordable Injury Frequency Rate (“TRIFR”) year-to-date was 0.10, 17% below the yearly target of below 0.129, notwithstanding the high level of activity.

    Fleet emissions – For 2024, the Company set a target to further optimize operational excellence on the FPSOs for which it provides operations and maintenance services amounting to a maximum absolute volume of gas flared below 1.57 mmscft/d as an overall FPSO fleet average during the year. As of December 31, 2024, SBM Offshore outperformed this target with the actual being 1.33 mmscft/d, a 15% improvement compared with 2024 target and mainly driven by a continued focus on reducing the number of unplanned events in its operated fleet.

    Sustain-2 Notation – FPSO Liza Unity is the 1st FPSO which has received a Sustain-2 Notation by American Bureau of Shipping. This sustainability certificate recognizes the Company’s efforts in minimizing environmental impacts over the lifecycle of the FPSO including the use of low carbon technologies as well as the focus on workers’ wellbeing.

    ESG ratings – In recognition of the Company’s continued focus on sustainability, MSCI has improved SBM Offshore’s rating from AA in 2023 to AAA in 2024 and Sustainalytics included the Company in its 2024 ESG Industry Top Rated, with the Company ranking 2nd out of 106 industry peers.

    Sustainable recycling – The Deep Panuke Production Field Center recycling project reached completion in Nova Scotia, Canada, in early 2024 with 97% of the waste materials were sold, recycled or reused and the remainder 3% was safely disposed of. As for the FPSO Capixaba project, following the handover to M.A.R.S., the Company continues to monitor the safe execution of the decommissioning which is expected to reach completion in 2026.

    Blue Economy

    SBM Offshore is a blue economy company aiming to manage ocean resources for economic growth while preserving ecosystems. Using its deepwater expertise, the Company is advancing technologies focusing on decarbonizing and diversifying its ocean infrastructure solutions. Ranging from floating offshore wind to offshore hydrogen and ammonia, SBM Offshore remains selective and disciplined in developing innovative solutions and investing in new ocean infrastructure solutions.

    Provence Grand Large – The three floating offshore wind turbines that were installed by SBM Offshore at the end of 2023 for the Provence Grand Large project, jointly owned by EDF Renewables and Maple Power, were fully commissioned and started production in 2024.

    Floventis Energy Ltd – In December 2024, SBM Offshore reached an agreement with Cierco Energy to sell its shares in the joint venture company Floventis Energy Ltd, thus transferring the ownership of both Cademo and Llŷr Floating Wind projects to Cierco Energy. As planned, following the advancement of these pioneering projects and acquiring valuable knowledge in the offshore wind market, the Company will continue to concentrate its efforts on the remaining two larger scale projects in its portfolio.

    emissionZERO®program – SBM Offshore continues to address FPSO emissions reduction through its emissionZERO® program and is offering a market-ready near zero emission FPSO for 2025, featuring advanced technologies such as carbon capture, combined cycle gas turbines and deepwater intake risers.

    Carbon Capture Module – SBM Offshore has been awarded a contract by Petrobras to qualify SBM’s Carbon Capture Module technology for FPSOs. The Carbon Capture Module for post combustion removal of CO2 from gas turbine exhaust gasses on FPSO’s has been developed in partnership with Mitsubishi Heavy Industries, Ltd.

    Blue Power Hub – With the aim to decarbonize the offshore power generation sector, SBM Offshore signed in December 2024 an investment agreement with the Norwegian company Ocean-Power AS to develop and commercialize offshore power generation units with CO2 capture and storage. This investment has been completed in early 2025.

    Capital allocation and Shareholder Returns

    The Company’s shareholder returns policy is to maintain a stable annual cash return to shareholders which grows over time, with flexibility for the Company to make such cash return in the form of a cash dividend and the repurchase of shares. Determination of the annual cash return is based on the Company’s assessment of its underlying cash flow position. The Company prioritizes a stable cash distribution to shareholders and funding of growth projects, with the option to apply surplus capital towards incremental cash returns to shareholders.

    As a result, following review of its cash flow position and forecast, the Company intends to pay US$1.59 per share through a proposed US$155m dividend5 (EUR150 million equivalent or US$0.88 per share4) and US$150 million (EUR141 million equivalent) share repurchase program6. This represents an increase of 30% compared with 2024. The objective of the share buyback program would be to reduce share capital and provide shares for regular management and employee share programs (maximum US$25 million). Shares repurchased as part of the cash return will be cancelled.

    The share repurchase program will be launched after the current share repurchase program has ended. The dividend will be proposed at the Annual General Meeting on April 9, 2025.

    Guidance

    The Company’s 2025 Directional revenue guidance is above US$4.9 billion of which above US$2.2 billion is expected from the Lease and Operate segment and around US$2.7 billion from the Turnkey segment.

    2025 Directional EBITDA guidance is around US$1.55 billion for the Company.

    Conference Call

    SBM Offshore has scheduled a conference call together with a webcast, which will be followed by a Q&A session, to discuss the Full Year 2024 Earnings release.

    The event is scheduled for Thursday February 20, 2025, at 10.00 AM (CET) and will be hosted by Øivind Tangen (CEO) and Douglas Wood (CFO).

    Interested parties are invited to register prior the call using the link: Full Year 2024 Earnings Conference Call

    Please note that the conference call can only be accessed with a personal identification code, which is sent to you by email after completion of the registration.

    The live webcast will be available at: Full Year 2024 Earnings Webcast

    A replay of the webcast, which is available shortly after the call, can be accessed using the same link.

    Corporate Profile

    SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy.

    More than 7,800 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.

    For further information, please visit our website at www.sbmoffshore.com.

    Financial Calendar   Date Year
    Annual General Meeting   April 9 2025
    First Quarter 2025 Trading Update   May 15 2025
    Half Year 2025 Earnings   August 7 2025
    Third Quarter 2025 Trading Update   November 13 2025
    Full Year 2025 Earnings   February 26 2026

    For further information, please contact:

    Investor Relations

    Wouter Holties
    Corporate Finance & Investor Relations Manager

    Media Relations

    Giampaolo Arghittu
    Head of External Relations

    Market Abuse Regulation

    This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Disclaimer

    Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and / or similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impacts, Risks and Opportunities’ section of the 2024 Annual Report.

    Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.

    This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the 2024 Annual Report, available on our website Annual Reports – SBM Offshore.

    Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

    “SBM Offshore®“, the SBM logomark, “Fast4Ward®”, “emissionZERO®” and “F4W®” are proprietary marks owned by SBM Offshore.


    1 Directional reporting, presented in the Financial Statements under section 4.3.2 Operating Segments and Directional Reporting, represents a pro-forma accounting policy, which treats all lease contracts as operating leases and consolidates all co-owned investees related to lease contracts on a proportional basis based on percentage of ownership. This explanatory note relates to all Directional reporting in this document.
    2 Based on the number of shares outstanding and exchange rate EUR/US$ of 1.039 at December 31, 2024.

    3 Reflects a pro-forma view of the Company’s Directional backlog and expected net cash from Turnkey, Lease and Operate and Build Operate Transfer sales after tax and debt service.
    4 Based on the number of shares outstanding at December 31, 2024. Dividend amount per share depends on number of shares entitled to dividend.
    5 Equivalent of EUR150 million based on the EUR/US$ exchange rate on February 11, 2025. Dividends will be paid in Euro provided that the minimum Euro dividend shall amount to EUR150 million.
    6 Including maximum US$25 million for management and employee share plans.

    7 Numbers may not add up due to rounding.
    8 Project delivery not disclosed by the client.

    9 Measured per 200,000 work hours.

    Attachment

    The MIL Network

  • MIL-Evening Report: A defence treaty with PNG might seem like a ‘win’ for Australia. But there are 4 crucial questions to answer

    Source: The Conversation (Au and NZ) – By Joanne Wallis, Professor of International Security, University of Adelaide

    Today, Australian Defence Minister Richard Marles began negotiations with his Papua New Guinean counterpart, Billy Joseph, on a defence treaty. This builds on the bilateral security agreement signed between the countries in 2023.

    Analysts have been quick to link the new defence treaty with Australia’s anxiety about China’s increasingly visible presence in the Pacific region.

    This reflects Australia’s longstanding anxiety about powers with potentially hostile interests establishing a foothold here.

    Because it’s only three kilometres from Australian territory, PNG has always been a particular concern. TB Millar, one of the architects of modern Australian strategic policy, went so far as to observe in 1965 that:

    if the whole island [of Papua New Guinea] were to sink under the sea, the net result for Australia in terms of military strategy would be a gain. It is an exposed and vulnerable front door.

    So, the possibility of a defence treaty seems like a “win” for an Australian government keen to bolster its security credentials in the frantic months before the federal election.

    But the government needs to have good answers to four questions before it signs on the dotted line.

    1. How will Australia enforce the treaty?

    Although treaties are theoretically legally binding, there are very few practical enforcement mechanisms.

    The constant agonising in Australia about whether the United States will meet its obligations under the Australia, New Zealand and United States Security Treaty (ANZUS) exemplifies this.

    The Trump administration’s actions also illustrate how quickly a change of government can switch foreign and strategic policy directions, including obligations under longstanding treaties. Like ANZUS, the risk of unenforceability of the PNG treaty is higher for Australia. Australia’s anxieties about China mean that it needs the treaty more than PNG does.

    Sanctions are the most likely way Australia could try to enforce the treaty if, say, PNG breached it by striking a security deal with China. But sanctions can be ineffective.

    Alternatively, Australia could threaten to withdraw its support if PNG breached the treaty. But this is also unlikely because Australia knows China is likely to step into any gap.

    This has been demonstrated in Solomon Islands. Even though Australia has a security treaty with Solomon Islands and invested A$3 billion in the 2003–17 Regional Assistance Mission, Solomon Islands still signed a security agreement with China in 2022.

    2. Has Australia mitigated any risks?

    No previous Australian government has offered PNG a binding security guarantee.

    In 1977, Australia and PNG adopted a formal defence relationship. Australia, however, was cautious about instability in PNG and the risk of being drawn into a conflict along its land border with Indonesia. As such, it didn’t provide a commitment to defend PNG.

    In the mid-1980s, PNG requested a defence commitment from Australia. Again, Australia was reluctant. As then-Defence Minister Kim Beazley recalled, PNG was “right in the frame of our relationship with Indonesia”, due to the shared border with Indonesia and the challenge of West Papuan independence activists crossing it.

    As a compromise, the two countries made a Joint Declaration of Principles in 1987 that only provided the two governments “will consult … about matters affecting their common security interests”.

    As the self-determination struggle in West Papua continues, PNG currently has defence units posted on its border with Indonesia.

    Under what circumstances, if any, would Australia provide military support to PNG if violence on the border worsened? And what impact would this have on our relationship with Indonesia?

    Not responding to a call for support from PNG could damage Australia’s reputation in the region. But if Australia did become involved in a conflict, it may be criticised for supporting activities that breach human rights.

    The risk of Australia being unable to respond to a PNG request for military assistance is high because Australia does not have the defence (or policing) capacity to defend or stabilise a sprawling country like PNG.

    Australia’s reliance on US assistance to stabilise Timor-Leste after its 1999 independence referendum illustrates the logistical challenges it faces when making large deployments, even in the region.

    While Australia’s defence capabilities have improved since then, it would still likely only have the capacity to secure key cities in PNG and evacuate Australian citizens if there was serious unrest.

    3. Can Australia justify the cost at home?

    Australian taxpayers – already experiencing cost-of-living pressures – need to be told what funding commitments the government is willing to make to facilitate the treaty negotiations.

    Australia’s promise of A$600 million to fund a PNG team in the National Rugby League is already attracting opposition at home.

    4. What are the long-term defence plans?

    PNG’s strategic location means Australia and the US have long had designs on establishing a permanent military base there.

    Manus Island, for example, has been identified as an ideal submarine base. With Australia developing nuclear-powered submarines under the AUKUS partnership, are there plans to eventually base – or at least resupply – Australian submarines there?

    This could have an impact on Australia’s relationships in the broader Pacific Islands region. There are already concerns in the region about whether the nuclear-powered submarines will comply with Australia’s obligations under the South Pacific Nuclear Free Zone Treaty.

    Australia has legitimate strategic interests in PNG. As such, it’s understandable why a defence treaty is tempting.

    But for 50 years, Australian governments have resisted this temptation because they decided that the risks outweighed the rewards. The current government will need to provide a good justification for its change of course.

    Joanne Wallis receives funding from the Australian Research Council and the Australian Department of Defence. She is a Nonresident Senior Fellow of the Brookings Institution, a nonprofit public policy organisation.

    ref. A defence treaty with PNG might seem like a ‘win’ for Australia. But there are 4 crucial questions to answer – https://theconversation.com/a-defence-treaty-with-png-might-seem-like-a-win-for-australia-but-there-are-4-crucial-questions-to-answer-250396

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Kingdom: By land and by sea: UK supports US-led military exercises improving African security and stability

    Source: United Kingdom – Government Statements

    The UK Armed Forces are working with allies to deliver joint exercises with African partners to protect our people, prosperity and shared values.

    UK advisors guide partner forces in urban operations drills at Justified Accord, Kenya (Credit: U.S. Army Southern European Task Force, Africa)

    Thursday 20 February 2025 – The UK Armed Forces have been one of the biggest contributors to two large-scale military exercises that are reaching their climax this week across the land and sea of East Africa. The United States is leading both exercises and has brought together over 2,000 personnel from the armed forces of 29 countries, including 22 African nations.

    The UK is responsible for delivering component parts of these multinational training exercises, under United States stewardship. The UK has been one of the biggest contributors to the Exercise Justified Accord ‘Field Training Exercise (FTX)’ which sees B Company 3 RIFLES exercise alongside a company from the US 173rd Airborne Brigade, a company of Kenya Army infantry, a troop of Kenyan Marines, Kenya Airforce fixed wing and rotary wing assets and, one infantry platoon each from Tanzania and Somalia.

    Exercise Justified Accord is a land multinational exercise being delivered between 10 – 21 February hosted by Djibouti, Kenya and Tanzania. It began with table-top exercises that have laid the foundation for full-scale live activity, which are now underway. The action-packed drills involve coordinating and executing ground attacks, calling in air-support, urban warfare, using drones, and breaching and clearing buildings, as well as medical evacuations.

    Cutlass Express is being conducted simultaneously, mostly in Mauritius, Seychelles and Tanzania. It is a naval warfare exercise which focuses on boarding various types of vessels at high speed to take command and control. The exercise challenges teams to complete scenarios which become increasingly harder and involve different types of vessels – from boarding small boats and dhows, to gaining control of larger vessels whilst under fire.

    In another example of the United Kingdom and the United States being long-term partners for long-term stability and security, Exercise Cutlass Express is taking place for the 15th time, whilst Exercise Justified Accord has been conducted in various forms since 1998. Further joint exercises with African partners are planned for 2025.

    Both exercises will ensure that the different forces involved work together to achieve combat objectives and prepare for real-life scenarios where they may have to collaborate quickly and effectively to counter threats in the region.

    Falling just after the election of the new African Union Chairperson, the exercises also support the African Union’s security objectives by preparing partners for United Nations and African Union missions in Africa.

    It serves as another example of the UK’s support for improved security not just in East Africa, but across the whole of Africa. These include the creation of the history-making, first-ever Kenyan marines and joint-training with the special forces of Nigeria and Ghana.

    Olly Bryant, Defence Attaché at the British High Commission Nairobi, said:

    The UK is a long-term partner, helping to deliver long-term stability and security across East Africa, and we are proud to be working with our allies on delivering high-capacity and high-quality activity. We are also proud of our security partnerships with our partners across Africa, which protect our people, prosperity and shared interests – we go far when we go together.

    EDITOR’S NOTES

    Video and photo content

    Please find free-to-access video and photo content for Justified Accord here: https://www.dvidshub.net/feature/JustifiedAccord

    Please find free-to-access photo and video content for Cutlass Express here: https://www.dvidshub.net/feature/CutlassExpress2025

    Here is a link to a small selection of photos on Google Drive taken from the sites above: https://drive.google.com/drive/folders/1DOz2ajnRjFK4vAMN7KxajL57RgXO-9aJ?usp=sharing 

    Background on Exercise Justified Accord

    You can find more information here, via U.S. Army Southern European Task Force, Africa.

    Background on Exercise Cutlass Express

    You can find more information here, via U.S. Naval Forces Europe-Africa/U.S. Sixth Fleet.

    List of participating nations

    Exercise Justified Accord

    Angola

    Botswana

    Djibouti

    DRC

    Ghana

    Kenya

    Madagascar

    Malawi

    Mozambique

    Nigeria

    Republic of the Congo

    Somalia

    Tanzania

    Tunisia

    Uganda

    Zambia

    France (Observer)

    India (Observer)

    Italy

    Netherlands

    United Kingdom

    United States

    Exercise Cutlass Express

    Comoros

    Djibouti

    Kenya

    Madagascar

    Malawi

    Mauritius

    Morocco

    Mozambique

    Senegal

    Seychelles

    Somalia

    Tanzania

    Tunisia

    France

    Georgia

    India (Observer)

    United Kingdom

    United States

    CONTACT

    For media enquiries, please contact Tom Walker at the British High Commission Nairobi on tom.walker2@fcdo.gov.uk.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-Evening Report: Households are burning plastic waste as fuel for cooking and heating in slums the world over

    Source: The Conversation (Au and NZ) – By Bishal Bharadwaj, Adjunct Research Fellow, Curtin Institute for Energy Transition, Curtin University

    Poor people in vast city slums across the Global South are burning plastic to cook their food, warm their homes and boil water for hot showers.

    Waste plastic is plentiful and highly flammable. So it’s not surprising people in developing countries, mainly in Africa, Asia and Latin America, are putting it to use – especially as wood is increasingly scarce.

    But burning plastic is hazardous, as it releases toxins into the surrounding air – and possibly into the food on the stove.

    We wanted to draw attention to this growing problem, which has received little attention to date despite the many potential harms.

    In our new “perspective” paper, published in Nature Cities, we explain why so many communities are using plastic as an energy source.

    We then explore further research needed and recommend ways for policymakers to tackle the issue.

    Mountains of plastic waste

    The world has produced more plastic in the past 20 years than the total previously produced since commercial production began in 1950. Roughly half a billion tonnes of plastic is now produced every year.

    Plastic production is still accelerating. Global plastic use is predicted to almost triple by 2060 due to soaring demand from a growing population with rising incomes.

    Unfortunately, most plastic is not recycled. Instead, it is discarded and ultimately ends up polluting marginal land such as flooded areas and open dumping grounds before making its way into the ocean.

    Burning plastic waste for cooking and heating is becoming increasingly common in city slums. a–f, Photographs showing the use of plastic to start a fire in Koshi Province in Nepal (a), a household heating milk by burning plastic in Madhesh province of Nepal (b) and the burning of plastic in Guwahati, India (c), in Enugu, Nigeria (d,e) and in the slums of Lahore, Pakistan (f). Credits for photographs: a, Srijana Baniya; b, Pramesh Dhungana; c, Monjit Borthakur; d,e, Chizoba Obianuju Oranu; f, Sobia Rose.
    Bharadwaj, B., Gates, T., Borthakur, M. et al. The use of plastic as a household fuel among the urban poor in the Global South. Nat Cities (2025).

    A product of energy poverty in city slums

    Increasing urbanisation is reducing access to traditional fuels such as wood and crop residue from farmland.

    But plastic is readily available. Low-income households with little or no access to gas or electricity often find themselves living alongside mountains of rubbish.

    This plastic, made from fossil fuels, represents a cheap and convenient fuel. It’s lightweight, easy to transport, and a nuisance material that people want to be rid of. Plastic is also relatively easy to dry and store, but can burn even when wet. It’s also flexible and pliable, so it can be used easily in traditional cooking arrangements such as basic stoves.

    Burning plastic releases toxins such as dioxins, furans and heavy metals into the air. These chemicals are known to cause cancer, heart disease and lung diseases.

    The more vulnerable people in the household – including women and children and those who spend more time indoors – tend to be most exposed to the fumes. But the problem also affects people in the neighbourhood and the wider community.

    Burning plastic is likely to also contaminate food. For example, eggs from farms near plastic waste incinerators in Indonesia contained hazardous chemicals from burned plastic. However, more evidence is needed around food contamination.

    Furthermore, when households burn plastic bottles and other containers, some of the original contents also burn. Given chemicals are poorly regulated, the consequences of burning plastic could be greater still.

    Overcoming the problem

    A first step to overcoming the problem is understanding the reality of those living in slums. Policy-makers need to recognise these people’s needs and the challenges they face.

    Extensive research is needed to design the most effective and inclusive policy interventions. This needs to be addressed if we are to reduce the associated health and environmental impacts on such large populations across the world.

    We have gathered a collaborative, multidisciplinary team of researchers from around 35 countries – mostly in the Global South – to better understand the problem. We recently completed a survey of people exposed to the issue such as local government employees, teachers and community workers in more than 100 cities in 26 countries.

    We are also examining the emissions from waste plastic during food preparation to determine the extent of contamination in variety of stoves.

    Nobody wants to burn plastic waste to cook food, so policies like ban on burning plastic with out contextual intervention will not work. There is a need to design inclusive policy interventions that provide equitable benefits to the wider community. For example, encouraging people to:

    • wash any plastic before it is burned, to remove chemical residues
    • use improved cookstoves that vent the fumes outside
    • expand basic urban amenities like waste management to low income settlements
    • provide support to help lift households out of poverty.

    Each approach will depend on the specific requirements of the slum settlement. But by implementing multiple approaches in parallel, we can tackle the problem more effectively.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Households are burning plastic waste as fuel for cooking and heating in slums the world over – https://theconversation.com/households-are-burning-plastic-waste-as-fuel-for-cooking-and-heating-in-slums-the-world-over-250265

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: With Whyalla steelworks forced into administration, Australia has crucial decisions to make on the future of its steel industry

    Source: The Conversation (Au and NZ) – By Geoffrey Brooks, Professor of Engineering, Swinburne University of Technology

    Alex Cimbal/Shutterstock

    Whyalla is a proud steel town. The steelworks physically dominates the townscape, and most jobs in the town are either directly at the steelworks or heavily reliant on it.

    In recent months, however, the steelworks have lurched from one setback to another, from serious technical problems that forced shutdowns to rising debts owed to suppliers and the state government.

    On Wednesday, the South Australian government forced Whyalla steelworks into administration. To do so, it quickly passed amendments to the Whyalla Steelworks Act. Current owner GFG Alliance will no longer operate the site.

    For me, someone intimately involved in the steel industry, the news that the steelworks has been put into administration is not a shock. This has been coming for some time.

    On Thursday, Prime Minister Anthony Albanese unveiled a A$2.4 billion rescue package.

    A portion of this money will be used to address immediate debt issues and keep the plant afloat. But $1.9 billion has been earmarked for major, long-term infrastructure upgrades under a new owner.

    The next steps will be crucial if this vital component of Australia’s manufacturing infrastructure – and heart of the town of Whyalla – is to survive.

    How we got here

    Whyalla’s steelworks was founded by BHP and opened in 1941, originally concentrating on ship building. It later transitioned to producing structural and rail products during the 1970s and ‘80s.

    After the steel division was spun out of BHP in 2000, the steelworks operated under the OneSteel banner, which was renamed Arrium in 2012.

    The plant has been in decline for a couple of decades. Its products have had difficulty competing against overseas imports and there have been issues with the scale of production and costs.

    GFG Alliance took over Whyalla’s struggling steelworks in 2017, to great fanfare and optimism.

    GFG is led by Indian-born British billionaire Sanjeev Gupta, who owns steel plants across the world. Until recently, he was a relatively unknown figure in the steel industry, but rapidly built up a steel empire after buying his first major steel plant in the UK in 2013.

    Gupta’s business practices have recently drawn close scrutiny from regulators in the UK, particularly the financing arrangements for several of his businesses. GFG’s largest lender, Greensill Capital, collapsed in 2021.

    A failure to turn things around

    Upon purchasing the plant in 2017, GFG promised to invest in upgrading the equipment and move the steelworks towards “green” steel production.

    But these investments never materialised, and the operations have continued to lose money. There have also been significant operational issues over the past year, resulting in months of no production.

    These challenges have been compounded by what appears to be poor management of key equipment in the plant, particularly the blast furnace.

    The steelworks has been beset by technical issues over the past year.
    Adwo/Shutterstock

    Keeping blast furnaces running smoothly is one most important technical issues facing any steelmaker.

    A string of recent breakdowns, resulting in major production shutdowns in 2024, does not reflect well on GFG.

    On Wednesday, SA Premier Peter Malinauskas said the state government had been forced to step in, given debts of more than $300 million owed by GFG and reports workers weren’t being paid.

    Still a valuable asset

    The town of Whyalla will be watching the outcome of the state and federal governments’ rescue plan with bated breath. If it’s not to be GFG, who should be trusted with taking over and running the steelworks?

    In such times, it is worth pointing out some of the key advantages of the plant that could make it an attractive asset to prospective owners.

    Whyalla has good port facilities, a major iron ore deposit (Middleback Range) nearby, and abundant renewable energy.

    It also has an experienced and trained workforce, with established product lines that are in demand (particularly rail steel).

    Bluescope has been touted as one potential new owner. But there is also likely to be foreign interest, given the potential for linking steel production to renewable energy in Whyalla.

    Taking Whyalla into the future

    The current scale of the Whyalla steelworks, about 1.2 million tonnes of raw steel per year, is simply too small to be competitive. It is operating in a market where plants producing more than 3 million tonnes per year are common.

    The plant’s product range could be broadened and raised in value by investing in key steelmaking equipment.

    The general shift towards green production routes also presents opportunities for Whyalla. The local abundance of solar energy is likely to be a significant advantage for the plant’s future.

    However, converting from the plant from its current coal-based technology to non-coal based technology (such as hydrogen ironmaking) will take significant investment and technical skill.

    Whyalla is close to iron ore deposits in the Middleback Range.
    Adwo/Shutterstock

    Opportunities for Australia

    Could Australia simply let the steelworks shut down and import its rail steel instead?

    That would draw parallels with Australia’s car manufacturing sector, which the government ultimately allowed to collapse. But I believe this position is unlikely to attract much support.

    For one, there would be an enormous human cost to the people of Whyalla. The town of 20,000 people would be economically devastated by the plant’s closure.

    There’s also a fear such a move would further weaken Australia’s ability to generate long-term wealth. Historically, the steel industry has been an important generator of long-term jobs and national wealth.

    And it would certainly be demoralising for our manufacturing sector. Australia has plentiful ore, energy and a huge railway network. We should be able to run a sustainable steel plant specialising in rail and structural steel.

    All these challenges need investment and strong technical leadership. The decisions taken by the state and federal government in the next few months will be vital for Whyalla’s future.

    Geoffrey Brooks receives funding from the HILT CRC, ARC Steel Innovation Hub and Victorian Hydrogen Hub for fundamental research into steelmaking. The Liberty GFG company and other steel companies financially invest into these research bodies and directly support some of his steelmaking research. He is also the Chairman of the Association of Iron and Steel Technology Australian and New Zealand Chapter. This organisation organises conferences and seminars on steelmaking topics. His activity in this Chapter is on a voluntary basis.

    ref. With Whyalla steelworks forced into administration, Australia has crucial decisions to make on the future of its steel industry – https://theconversation.com/with-whyalla-steelworks-forced-into-administration-australia-has-crucial-decisions-to-make-on-the-future-of-its-steel-industry-250317

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Egypt announces 1st discovery of royal tomb in over 100 years

    Source: China State Council Information Office 3

    Egypt has identified the tomb of Pharaoh Thutmose II, the last lost royal tomb of the kings of the 18th Dynasty, in the Theban mountain region west of Luxor, the Egyptian Ministry of Tourism and Antiquities announced.

    It marks the first discovery of a royal tomb since King Tutankhamun’s tomb was unearthed in 1922, the ministry said in a statement on Tuesday.

    Egyptian Minister of Tourism and Antiquities Sherif Fathy praised the ongoing excavations by a joint Egyptian-British archaeological mission, which continue to unveil treasures of Egypt’s ancient civilization.

    The joint mission initially found the tomb’s entrance and main corridor in 2022, but experts then believed it might belong to a queen due to its proximity to the tombs of royal wives, according to Mohamed Ismail Khaled, secretary-general of Egypt’s Supreme Council of Antiquities (SCA).

    “This is one of the most important archaeological discoveries in recent years, as the artifacts uncovered are a significant addition to the history of the site and the era of King Thutmose II,” the SCA chief added.

    He noted that this was also the first time the funerary furniture belonging to Thutmose II had been found.

    MIL OSI China News

  • MIL-OSI Africa: Secretary-General’s remarks at the Opening Ceremony of CARICOM 48th Regular Meeting of Heads of Government [as delivered]

    Source: United Nations – English

    our Excellencies, Distinguished Guests, Ladies and Gentlemen, all protocol observed.
     
    It is a joy to be with you in Barbados and an honour to be back in the Caribbean. 
     
    I am delighted to meet Prime Minister Mottley again so soon after the African Union Summit in Ethiopia, where you delivered such a powerful message on the legacies of slavery and colonialism, and reparatory justice. 
     
    Excellencies, 
     
    The exquisite beauty of the Caribbean is famed the world over. 
     
    But there is trouble in paradise. 
     
    Wave after wave of crisis is pounding your people and your islands – with no time to catch your breath before the next disaster strikes: 
     
    Geopolitical tensions fuelling uncertainty…
     
    The scarring effects of COVID-19 leaving a trail of socio-economic crisis… 
     
    Soaring debt and interest rates, on top of a surge in the cost of living…  
     
    All amidst a deadly swell of climate disasters – ripping development gains to shreds, and blowing holes through your national budgets… 
     
    And all as you remain locked-out of many international institutions – one of the many legacies of colonialism today.
     
    Excellencies, Dear Friends,
     
    The cure for these ills is global. 
     
    International solutions are essential to create a better today and a brighter tomorrow for this wonderful region, and for the world. 
     
    We have progress on which to build – hard-won global commitments to address the immense challenges we face. 
     
    But we need the world to deliver. 
     
    The irrepressible strength of a unified Caribbean, and commitment to multilateralism – which have done so much to advance global progress – is vital to achieving that aim. 
     
    And your theme for this year – Strength in Unity – is truly a theme for our times. 
     
    I see three key areas where, together, we must drive progress. 
     
    First, unity for peace and security…
     
    Particularly to address the appalling situation in Haiti – where gangs are inflicting intolerable suffering on a desperate and frightened people. 
     
    CARICOM, and the Eminent Persons Group, have provided invaluable support.  
     
    We must keep working for a political process – owned and led by the Haitians – that restores democratic institutions through elections.
     
    And I will soon report to the United Nations Security Council on the situation in Haiti, including proposals on the role the UN can play to support stability and security and address the root causes of the crisis.
     
    It is my intention to present to the Security Council a proposal that is very similar to the one that we have presented for Somalia, in which the UN assumes the responsibility of the structural and logistical expenditures that are necessary to put the force in place. And the salaries of the force are paid through the trust fund that already exists.
     
    And if the Security Council will accept this proposal, we will have the conditions to finally have an effective force to defeat the gangs in Haiti and create the conditions for democracy to thrive.
     
    And I urge you to continue your work and advocacy to tackle the weapons and drug trafficking that is fuelling violence across the region, including through prevention.
     
    But let’s be clear: to fight drug trafficking or to fight weapons trafficking, we also need to address the countries of origin and the countries of destination.  Without their cooperation, we will never be able to win this battle, and the people of the Caribbean are paying a heavy price for the lack of cooperation that unfortunately, we still face.
     
    Second, unity on the climate crisis. 
     
    You face a deplorable injustice: 
     
    A crisis you have done next to nothing to create is wrecking economies, ruining lives, and threatening your very existence.  
     
    Together, you have fought tooth and nail for the global commitment to limit global temperature rise to 1.5 degrees. 
     
    This year, countries must deliver new national climate action plans, ahead of COP30, that align with that goal, with the G20 – the big polluters – leading the way. 
     
    This is a chance for the world to get a grip on emissions. 
     
    And it is also a chance for the Caribbean to seize the benefits of clean power… 
     
    To tap your vast renewables potential… 
     
    And to turn your back on costly fossil fuel imports.  
     
    But this requires finance. 
     
    We need confidence that the $1.3 trillion agreed at COP29 will be mobilized.  
     
    And we need the world to get serious in responding to the disasters that we know will keep coming.  
     
    Adaptation is critical for this region. To save lives. And to make economies resilient. 
     
    And we need developed countries to honour their promises on adaptation finance – and more. 
     
    And we need meaningful contributions to the new Loss and Damage Fund. 
     
    When the fund was created, the pledges made are equivalent to the new contract for just one baseball player in New York City. Let’s be clear: the Loss and Damage Fund must be a serious thing.  
     
    And we must be able to find new, innovative sources of financing and namely, to finally put seriously a price on carbon – and there are different ways to achieve this goal.
     
    Excellencies, 
     
    This must be part of broader efforts:
     
    Because, third, we need unity for sustainable development. 
     
    Globally, the Sustainable Development Goals are starved of adequate finance, as debt servicing soaks-up funds, and international financial institutions remain underpowered.  
     
    Caribbean countries have been at the forefront of the fight for change – pioneering bold and creative solutions. 
     
    And the Pact for the Future agreed last year, together with the Bridgetown Initiative, now 3.0, marks significant progress – and I thank you all for your support. 
     
    The Pact commits to advancing an SDG Stimulus of $500 billion a year;
     
    And it asks Multilateral Development Banks to consider structural vulnerabilities in access to concessional funds, including through using the Multidimensional Vulnerability Index. 
     
    With this, or any other instrument, it is absolutely essential that middle-income countries that have dramatic vulnerabilities, especially because of climate change, have access to concessional funding.  Without it, it is impossible to recover and to build the resilience that is so much highlighted in this congress.
     
    It also calls for representation in international financial institutions to correct for the world’s vast inequalities and injustices…
     
    And for effective action on debt… 
     
    Without debt relief, and without new debt strategies, it will be impossible to fully recover your economies.
     
    At the same time, we need bigger and bolder Multilateral Development Banks, with more capital, more lending capacity and more capacity to also leverage private funding for the kind of investments that are essential to build resilience and to promote sustainable development in countries like the countries of the Caribbean.
     
    We must push the world to deliver on those commitments. 
     
    And we must ensure all countries can reap the benefits of technologies for sustainable development – by delivering on the Global Digital Compact. 
     
    Excellencies, Dear Friends,
     
    A unified Caribbean is an unstoppable force. 
     
    I urge you to keep using that power to push the world to deliver on its promise.
     
    And I can guarantee that the United Nations and myself are with you, and will remain with you, every step of the way. 
     
    Thank you very much.
     
     

    MIL OSI Africa

  • MIL-Evening Report: Palestine and Gaza’s Hamas resistance condemn Fiji over embassy plan

    By Anish Chand in Suva

    Palestine has strongly condemned Fiji’s decision to open a Fiji embassy in Jerusalem, calling it a violation of international law and relevant United Nations resolutions.

    The Palestinian Foreign Ministry and the Hamas resistance group that governs the besieged enclave of Gaza issued separate statements, urging the Fiji government to reverse its decision.

    According to the Palestinian Foreign Ministry, the Fijian decision is “an act of aggression against the Palestinian people and their inalienable rights”.

    The Palestinian group Hamas said in a statement that the decision was “a blatant assault on the rights of our Palestinian people to their land and a clear violation of international law and UN resolutions, which recognise Jerusalem as occupied Palestinian territory”.

    Fiji will become the seventh country to have an embassy in Jerusalem after the US, Guatemala, Honduras, Kosovo, Papua New Guinea, and Paraguay.

    Republished from The Fiji Times with permission.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Nations: Guterres urges Caribbean leaders to keep pushing for peace, climate action and sustainable development

    Source: United Nations 2

    Peace and Security

    In an address on Wednesday to Caribbean leaders meeting in Barbados, UN Secretary-General António Guterres announced a potential plan to support an “effective force” in Haiti as armed gangs continue to terrorize the population. 

    Mr. Guterres was speaking during the opening of the Caribbean Community (CARICOM) Heads of Government Meeting in the capital Bridgetown, where he called for unity to achieve progress in peace and security, climate and sustainable development.

    “A unified Caribbean is an unstoppable force,” he said. “I urge you to keep using that power to push the world to deliver on its promises.”

    ‘Trouble in paradise’

    The Secretary-General noted that the region’s “exquisite beauty is famed the world over, but there is trouble in paradise.”

    He told leaders that “wave after wave of crisis is pounding your people and your islands – with no time to catch your breath before the next disaster strikes.”

    Caribbean countries are experiencing uncertainty fuelled by geopolitical tensions, the socio-economic impact of the COVID-19 pandemic, soaring debt and interest rates, and a surge in the cost of living. 

    Global solutions exist

    These are all happening “amidst a deadly swell of climate disasters – ripping development gains to shreds, and blowing holes through your national budgets,” and as countries “remain locked-out of many international institutions – one of the many legacies of colonialism today.”

    The UN chief insisted that “the cure for these ills is global,” and the world needs to deliver on hard-won global commitments to address the immense challenges the international community is facing.

    He listed three key areas “where, together, we must drive progress.” 

    Peace in Haiti

    Mr. Guterres called for unity for peace and security, “particularly to address the appalling situation in Haiti – where gangs are inflicting intolerable suffering on a desperate and frightened people.”

    He said CARICOM and its Eminent Persons Group have provided invaluable support in this regard. 

    “We must keep working for a political process – owned and led by the Haitians – that restores democratic institutions through elections,” he said.

    Security and stability

    A UN-backed Multinational Security Support Mission is currently on the ground to back up the Haitian National Police.

    The Secretary-General said he will soon report to the Security Council on the situation in the country, including proposals on the role the UN can play to both support stability and security, and address the root causes of the crisis.

    He intends to present a proposal similar to the one for Somalia, in which the UN assumes responsibility for the structural and logistical expenditures necessary to put the force in place. Salaries are paid through a trust fund that already exists.

    “If the Security Council will accept this proposal, we will have the conditions to finally have an effective force to defeat the gangs in Haiti and create the conditions for democracy to thrive,” he said, drawing applause.

    © WFP/Fedel Mansour

    Hurricane Beryl last July caused devastation on Union Island in Saint Vincent and the Grenadines.

    Climate crisis opportunity

    His second point – unity on the climate crisis – underlined “a deplorable injustice” as Caribbean countries “have done next to nothing” to create it. Moreover, they have “fought tooth and nail for the global commitment to limit global temperature rise to 1.5 degrees.”

    Mr. Guterres said countries must deliver new national climate plans ahead of the COP30 UN climate conference later this year.  The plans must align with the 1.5 goal, with the G20 group of industrial nations leading the way.

    “This is a chance for the world to get a grip on emissions,” he said. “And it’s a chance for the Caribbean to seize the benefits of clean power, to tap your vast renewables potential, and to turn your back on costly fossil fuel imports.”

    As finance is required, he underscored the need for confidence that the $1.3 trillion agreed at the previous COP will be mobilized. Developed countries also must honour their promises on adaptation finance and make meaningful contributions to the new Loss and Damage Fund.

    “When the Fund was created, the pledges made were equivalent to the new contract for just one baseball player in New York City,” he remarked.

    Finance for sustainable development

    Meanwhile, the Sustainable Development Goals (SDGs) “are starved of adequate finance, as debt servicing soaks-up funds, and international financial institutions remain underpowered.”

    The Secretary-General said Caribbean countries have been at the forefront of the fight for change, pioneering bold and creative solutions.  He said the Pact for the Future, together with the Bridgetown Initiative, marks significant progress.

    Mr. Guterres thanked Caribbean leaders for supporting the Pact, which UN Member States adopted last year. 

    Key deliverables include support for an SDG Stimulus of $500 billion annually and commitment to reform international financial institutions to allow greater participation by developing countries. 

    MIL OSI United Nations News

  • MIL-OSI United Nations: Secretary-General’s remarks at the Opening Ceremony of CARICOM 48th Regular Meeting of Heads of Government [as delivered]

    Source: United Nations secretary general

    Your Excellencies, Distinguished Guests, Ladies and Gentlemen, all protocol observed.
     
    It is a joy to be with you in Barbados and an honour to be back in the Caribbean. 
     
    I am delighted to meet Prime Minister Mottley again so soon after the African Union Summit in Ethiopia, where you delivered such a powerful message on the legacies of slavery and colonialism, and reparatory justice. 
     
    Excellencies, 
     
    The exquisite beauty of the Caribbean is famed the world over. 
     
    But there is trouble in paradise. 
     
    Wave after wave of crisis is pounding your people and your islands – with no time to catch your breath before the next disaster strikes: 
     
    Geopolitical tensions fuelling uncertainty…
     
    The scarring effects of COVID-19 leaving a trail of socio-economic crisis… 
     
    Soaring debt and interest rates, on top of a surge in the cost of living…  
     
    All amidst a deadly swell of climate disasters – ripping development gains to shreds, and blowing holes through your national budgets… 
     
    And all as you remain locked-out of many international institutions – one of the many legacies of colonialism today.
     
    Excellencies, Dear Friends,
     
    The cure for these ills is global. 
     
    International solutions are essential to create a better today and a brighter tomorrow for this wonderful region, and for the world. 
     
    We have progress on which to build – hard-won global commitments to address the immense challenges we face. 
     
    But we need the world to deliver. 
     
    The irrepressible strength of a unified Caribbean, and commitment to multilateralism – which have done so much to advance global progress – is vital to achieving that aim. 
     
    And your theme for this year – Strength in Unity – is truly a theme for our times. 
     
    I see three key areas where, together, we must drive progress. 
     
    First, unity for peace and security…
     
    Particularly to address the appalling situation in Haiti – where gangs are inflicting intolerable suffering on a desperate and frightened people. 
     
    CARICOM, and the Eminent Persons Group, have provided invaluable support.  
     
    We must keep working for a political process – owned and led by the Haitians – that restores democratic institutions through elections.
     
    And I will soon report to the United Nations Security Council on the situation in Haiti, including proposals on the role the UN can play to support stability and security and address the root causes of the crisis.
     
    It is my intention to present to the Security Council a proposal that is very similar to the one that we have presented for Somalia, in which the UN assumes the responsibility of the structural and logistical expenditures that are necessary to put the force in place. And the salaries of the force are paid through the trust fund that already exists.
     
    And if the Security Council will accept this proposal, we will have the conditions to finally have an effective force to defeat the gangs in Haiti and create the conditions for democracy to thrive.
     
    And I urge you to continue your work and advocacy to tackle the weapons and drug trafficking that is fuelling violence across the region, including through prevention.
     
    But let’s be clear: to fight drug trafficking or to fight weapons trafficking, we also need to address the countries of origin and the countries of destination.  Without their cooperation, we will never be able to win this battle, and the people of the Caribbean are paying a heavy price for the lack of cooperation that unfortunately, we still face.
     
    Second, unity on the climate crisis. 
     
    You face a deplorable injustice: 
     
    A crisis you have done next to nothing to create is wrecking economies, ruining lives, and threatening your very existence.  
     
    Together, you have fought tooth and nail for the global commitment to limit global temperature rise to 1.5 degrees. 
     
    This year, countries must deliver new national climate action plans, ahead of COP30, that align with that goal, with the G20 – the big polluters – leading the way. 
     
    This is a chance for the world to get a grip on emissions. 
     
    And it is also a chance for the Caribbean to seize the benefits of clean power… 
     
    To tap your vast renewables potential… 
     
    And to turn your back on costly fossil fuel imports.  
     
    But this requires finance. 
     
    We need confidence that the $1.3 trillion agreed at COP29 will be mobilized.  
     
    And we need the world to get serious in responding to the disasters that we know will keep coming.  
     
    Adaptation is critical for this region. To save lives. And to make economies resilient. 
     
    And we need developed countries to honour their promises on adaptation finance – and more. 
     
    And we need meaningful contributions to the new Loss and Damage Fund. 
     
    When the fund was created, the pledges made are equivalent to the new contract for just one baseball player in New York City. Let’s be clear: the Loss and Damage Fund must be a serious thing.  
     
    And we must be able to find new, innovative sources of financing and namely, to finally put seriously a price on carbon – and there are different ways to achieve this goal.
     
    Excellencies, 
     
    This must be part of broader efforts:
     
    Because, third, we need unity for sustainable development. 
     
    Globally, the Sustainable Development Goals are starved of adequate finance, as debt servicing soaks-up funds, and international financial institutions remain underpowered.  
     
    Caribbean countries have been at the forefront of the fight for change – pioneering bold and creative solutions. 
     
    And the Pact for the Future agreed last year, together with the Bridgetown Initiative, now 3.0, marks significant progress – and I thank you all for your support. 
     
    The Pact commits to advancing an SDG Stimulus of $500 billion a year;
     
    And it asks Multilateral Development Banks to consider structural vulnerabilities in access to concessional funds, including through using the Multidimensional Vulnerability Index. 
     
    With this, or any other instrument, it is absolutely essential that middle-income countries that have dramatic vulnerabilities, especially because of climate change, have access to concessional funding.  Without it, it is impossible to recover and to build the resilience that is so much highlighted in this congress.
     
    It also calls for representation in international financial institutions to correct for the world’s vast inequalities and injustices…
     
    And for effective action on debt… 
     
    Without debt relief, and without new debt strategies, it will be impossible to fully recover your economies.
     
    At the same time, we need bigger and bolder Multilateral Development Banks, with more capital, more lending capacity and more capacity to also leverage private funding for the kind of investments that are essential to build resilience and to promote sustainable development in countries like the countries of the Caribbean.
     
    We must push the world to deliver on those commitments. 
     
    And we must ensure all countries can reap the benefits of technologies for sustainable development – by delivering on the Global Digital Compact. 
     
    Excellencies, Dear Friends,
     
    A unified Caribbean is an unstoppable force. 
     
    I urge you to keep using that power to push the world to deliver on its promise.
     
    And I can guarantee that the United Nations and myself are with you, and will remain with you, every step of the way. 
     
    Thank you very much.
     
     

    MIL OSI United Nations News

  • MIL-OSI China: New container shipping route connects Dalian with the Mediterranean

    Source: People’s Republic of China – State Council News

    An aerial drone photo taken on Feb. 18, 2025 shows the MSC SVEVA vessel docking at the container terminal of Dalian Port in Dalian, northeast China’s Liaoning Province. The MSC SVEVA vessel departed from the Dalian Container Terminal on Tuesday, marking the official launch of a direct container shipping route linking the northeastern Chinese port city of Dalian with several Mediterranean countries. [Photo/Xinhua]

    DALIAN, Feb. 18 — The MSC SVEVA vessel departed from the Dalian Container Terminal on Tuesday, marking the official launch of a direct container shipping route linking the northeastern Chinese port city of Dalian with several Mediterranean countries.

    The new route connects major ports in countries such as Egypt, Türkiye and Israel, contributing to a more efficient, reliable maritime logistics corridor between China’s northeastern region and the Mediterranean.

    The new service is operated by the Mediterranean Shipping Company, which plans to deploy 16 container ships, each with a capacity of 19,000 TEUs, to provide weekly services.

    The ships will transport a wide range of goods, including chemical products, automobiles and auto parts, mechanical equipment, and mineral resources.

    The shipping service is expected to promote economic and trade cooperation between China’s northeastern region and Mediterranean countries.

    China is Türkiye’s third-largest trading partner. The new route will call at major Turkish ports such as Canakkale, Istanbul and Tekirdag, deepening bilateral economic and trade exchange, as well as industrial and supply chain integration.

    Jilin Flying Tiger Logistics Group Co., Ltd., an international freight forwarding agency, has loaded over 200 tonnes of cargo onto the MSC SVEVA for export to Türkiye.

    The new route saves about 10 days in transit time compared to other shipping routes, said Wang Nan, vice managing director of Jilin Flying Tiger Logistics Group. The service will reduce capital costs and inventory pressure, and enhance supply chain stability, Wang added.

    Dalian Port now operates 106 container shipping routes, including 93 international routes that connect over 300 ports in more than 160 countries and regions worldwide.

    This year, the port will expand and improve its container shipping network to facilitate trade and bolster supply chain stability further.

    MIL OSI China News

  • MIL-OSI Global: CDC layoffs strike deeply at its ability to respond to the current flu, norovirus and measles outbreaks and other public health emergencies

    Source: The Conversation – USA – By Jordan Miller, Teaching Professor of Public Health, Arizona State University

    The CDC played an instrumental, if imperfect, role in the response to COVID-19. JHDT Stock Images LLC/iStock via Getty Images

    In just a few short weeks, the Trump administration has brought drastic changes to the Centers for Disease Control and Prevention and public health. Beginning with the removal of websites and key public health datasets in January 2025, the Trump administration has taken actions to dismantle established public health infrastructure as part of its second-term agenda.

    In addition, the administration has begun a widespread purge of the federal public health workforce. As of Feb. 19, around 5,200 employees at the CDC and the National Institutes of Health had been let go. About 10% of the CDC’s staff have been removed, with plans for additional firings.

    As a teaching professor and public health educator, I, like thousands of other health professionals, rely on CDC data and educational resources throughout my work. CDC websites are the first stop for health information for my students and for health care practitioners, and are vital to protecting the U.S. from infectious diseases, like avian flu and COVID-19, as well as noninfectious health conditions, such as diabetes and heart disease.

    Here’s a quick look at what the CDC does to protect Americans’ health, and how it’s likely to be affected by the Trump administration’s actions:

    Gutting the CDC’s capacity

    Prior to the February cuts, the CDC employed over 10,000 full-time staff in roles spanning public health, epidemiology, medicine, communications, engineering and beyond to maintain this critical public health infrastructure.

    In addition to the centers’ wide variety of functions to protect and promote public health in the U.S., a vast amount of research in the U.S. relies on CDC data. The CDC obtains data from all 50 states, territories and the District of Columbia, which is collated into widely utilized databases such as the National Health and Nutrition Examination Survey, National Health Interview Survey and Behavioral Risk Factor Surveillance System.

    Several of these datasets and CDC websites were removed at the start of the second Trump term, and while they are currently back online due to a federal court order, it remains to be seen if these important sources of information will remain accessible and updated going forward.

    The CDC also publishes the Morbidity and Mortality Weekly Report, which allows for ongoing and timely surveillance of key health conditions. The reports cover a wide range of topics, including wildfires, motor vehicle accidents, autism, asthma, opioids, mental health and many others. The CDC plays a central role in monitoring and reporting the spread of flu in winter months through its FluView, which informs clinical practice as well as public health interventions.

    Physicians are reporting that their ability to respond to the surges in respiratory viruses they are seeing has been hobbled by the missing data and by prohibitions on CDC staff communicating outside the agency.

    The CDC’s famed “disease detectives,” part of the Epidemic Intelligence Service, appear to have been spared following public outcry after more than half of its members were initially told they would be let go as part of the Feb. 14 mass layoffs.

    It remains to be seen if this group will remain intact long term. Concerns are growing that shakeups to the nation’s infectious disease surveillance teams will hamper the government’s ability to respond effectively at a time when avian flu and measles are growing concerns in the U.S.

    The CDC’s headquarters are in Atlanta.
    Nathan Posner/Anadolu Agency via Getty Images

    History of the CDC

    The CDC began as a small branch of the U.S. Public Health Service in 1946 as an outgrowth of successes fighting malaria in southern states during World War II and before. Its founder, Dr. Joseph W. Mountin, envisioned that it would come to serve all states, addressing all communicable diseases. Since that time, the CDC has evolved into the nation’s premier public health organization, leveraging both clinical and population health sciences to prevent and mitigate challenges to the nation’s health.

    In its first 40 years, the CDC helped eradicate smallpox and identify the causes of Legionnaires’ disease, toxic shock syndrome and HIV.

    As the country’s primary health challenges have shifted from communicable diseases to noncommunicable ones over recent decades, the organization has adapted, expanding its reach and priorities to meet changing public health needs. The CDC also has the ability to flex and scale up efforts rapidly when needed to respond to novel outbreaks, which is essential for containing infectious diseases and preventing escalation.

    CDC’s global reach

    Recognizing that health does not exist in a vacuum, the CDC also operates internationally to mitigate health challenges that could threaten health in the U.S. over time. The agency is active in addressing diseases that are endemic in certain areas, such as tuberculosis and HIV. It also responds to outbreaks from emerging threats, like Ebola and Marburg virus disease.

    The CDC played a crucial role in responding to the COVID-19 pandemic, coordinating with the World Health Organization, domestic health agencies and others to plan and execute a robust response.

    In 2024, the CDC worked with the WHO to respond to a Marburg virus outbreak in Rwanda that lasted for several months. On average, about half of people infected with Marburg virus do not survive, so early detection and effective response are essential to prevent loss of life and contain outbreaks before they spread widely.

    On Jan. 20, 2025, the White House announced President Donald Trump’s plans to withdraw from the WHO. This move further weakens the country’s ability to manage and mitigate threats to Americans’ health and national security.

    Not only does the WHO do essential work to protect children around the world from needless death due to starvation, but it monitors and responds to infectious diseases. The U.S. has been the largest contributor to the WHO, with approximately 12%-15% of its operating costs coming from the U.S. That means that removal of U.S. support will also affect the WHO’s capacity to respond to international public health issues.

    As the COVID-19 pandemic made plain, a delayed response to infectious disease outbreaks can exponentially increase long-term costs and consequences. It remains to be seen what impact the established relationships between the CDC and the WHO will have on their ability to coordinate effectively during times of crisis.

    The CDC’s work around the world helps to stop outbreaks before they spread – and reach the U.S.

    Future health care workforce threatened

    The reach, flexibility, adaptability and robust foundation of relationships developed over the past eight decades enable the CDC to respond to threats quickly, wherever in the world they arise. This is important for protecting health, and it plays a vital role in global and national security as well.

    In addition to its direct actions to promote public health, the CDC provides workforce development and training to help create an enduring public health infrastructure in the U.S. and abroad. This is more important than ever, as systemic factors have placed pressure on health professionals. The domestic public health workforce has shrunk drastically, losing 40,000 workers since the start of the Great Recession in 2009 due to economic constraints and social pressures during the pandemic. The CDC’s workforce development efforts help counteract these trends.

    Public health workers were reporting high rates of burnout and stress even before the COVID-19 pandemic, which the pandemic worsened. Cuts to the federal workforce, as well as funding for public health programs, will no doubt add to these strains.

    Jordan Miller received funding from CDC in the past.

    ref. CDC layoffs strike deeply at its ability to respond to the current flu, norovirus and measles outbreaks and other public health emergencies – https://theconversation.com/cdc-layoffs-strike-deeply-at-its-ability-to-respond-to-the-current-flu-norovirus-and-measles-outbreaks-and-other-public-health-emergencies-248486

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Major investment to boost growth and cement Britain’s place as cultural powerhouse

    Source: United Kingdom – Executive Government & Departments

    Over £270 million Arts Everywhere Fund for arts venues, museums, libraries and the heritage sector in major boost for growth

    • Intervention is next step of Government’s Plan for Change to help boost local economies and increase opportunities to gain creative skills 
    • Comes as Culture Secretary marks the 60th anniversary of the first ever arts white paper

    People across the nation will benefit from access to the arts and culture on their doorsteps as a result of a major funding package to boost growth and opportunity. 

    Hundreds of arts venues, museums, libraries and heritage buildings will receive a share of more than £270 million as part of an Arts Everywhere Fund from the government, supporting jobs and creating opportunities for young people to learn creative skills while helping to boost people’s sense of pride in where they live. 

    The cash will be targeted at organisations in urgent need of financial support to keep them up and running, carry out vital infrastructure work and improve long term financial resilience. 

    Today’s announcement will help protect hundreds of jobs in the cultural and heritage sectors. Overall, cultural sectors support 666,000 filled jobs across the country.

    Arts and culture are a vital part of our first-class creative industries and are a key part of what makes Britain so great. The creative industries are worth £124 billion to our economy, creating jobs, opportunities and showcasing the best of Britain to the world. That is why the creative industries were identified as one of the eight growth-driving sectors in the government’s Industrial Strategy – with the potential to boost economic growth throughout communities in the UK.

    At an inaugural lecture marking the 60th anniversary of the first ever arts white paper by former Minister Jennie Lee, Culture Secretary Lisa Nandy will gather leaders from across the arts and culture sectors at the Royal Shakespeare Company (RSC) in Stratford-upon-Avon. She will set out how Jennie Lee’s vision of the ‘arts for everyone, everywhere’ will be made a reality as part of the Government’s Plan for Change. 

    Culture Secretary Lisa Nandy said: 

    Arts and culture help us understand the world we live in, they shape and define society and are enjoyed by people in every part of our country. They are the building blocks of our world-leading creative industries and make a huge contribution towards boosting growth and breaking down barriers to opportunities for young people to learn the creative skills they need to succeed. 

    The funding we are announcing today will allow the arts to continue to flourish across Britain, creating good jobs and growth by fixing the foundations in our cultural venues, museums, libraries and heritage institutions.  

    As a government that is on your side, our Plan for Change will ensure that arts and cultural institutions truly are for everyone, everywhere.

    During the lecture, the Culture Secretary will announce the following funding for the next financial year, beginning in April:

    • A new £85 million Creative Foundations Fund to support urgent capital works to keep venues across the country up and running; 
    • A fifth round of the popular Museum Estate and Development Fund worth £25 million, which will support museums to undertake vital infrastructure projects, and tackle urgent maintenance backlogs; 
    • A new £20 million Museum Renewal Fund to help keep cherished civic museums open and engaging, protect opening hours and jobs, continue serving communities, and tell our national story at a local level;
    • An additional £15 million for Heritage at Risk will provide grants for repairs and conservation to heritage buildings at risk, focusing on those sites with most need. This will restore local heritage, such as shops, pubs, parks, and town halls;
    • A fourth round of the Libraries Improvement Fund worth £5.5 million, which will enable public library services across England to upgrade buildings and technology to better respond to changing user needs;
    • A new £4.85 million Heritage Revival Fund to empower local people to take control of and look after their local heritage. It will support community organisations to own neglected heritage buildings bringing them back into good use;
    • An additional £120 million to continue the Public Bodies Infrastructure Fund, which will ensure national cultural public institutions are able to address essential works to their estate;
    • A 5% increase to the budgets of all national museums and galleries to support their financial resilience and help them provide access to the national collection; 
    • Confirmation that DCMS will be providing £3.2 million in funding for four cultural education programmes for the next financial year to preserve increased access to arts for children and young people through the Museums and Schools Programme, the Heritage Schools Programme, the Art & Design National Saturday Club and the BFI Film Academy.

    This package will be integral to ensuring that arts and culture are a catalyst for growth in the Creative Industries and local economies by making sure cultural venues are supported to reach their full potential and attracting more tourists through our cultural institutions. 

    The Culture Secretary is also set to confirm the advisory panel of experts who will be supporting Baroness Margaret Hodge with her independent review of Arts Council England, as well as the scope of the review within the newly agreed Terms of Reference. 

    The beneficiaries of the fourth round of the Museum Estate and Development Fund will also be announced, which will see 29 local museums up and down the country receiving a share of almost £25 million to upgrade their buildings. 

    The news follows another boost for regional growth and regeneration earlier this week, when the Ministry of Housing, Communities and Local Government announced ten critical culture projects across the UK will receive a total of £67 million. This funding will support exciting projects such as the National Railway Museum in York, the International Slavery Museum and Maritime Museum in Liverpool, and in Leeds, both the National Poetry Centre and the revamping of ‘Temple Works’, paving the way for it to house the British Library North.

    Deputy Prime Minister Angela Rayner said:   

    Our Plan for Change promises growth for every corner of the UK, which is why this week I announced more than £67 million for ten major cultural projects that celebrate our nation.

    I had the pleasure to visit some of these projects last week and seeing the role they will play in igniting regeneration in their communities and on a national scale. This means more tourism, more growth and more money in people’s pockets.

    This comes on top of the £60 million package recently announced by the Culture Secretary at the Creative Industries Growth Summit to support hundreds of creative businesses and projects across the UK. This is the first step towards delivering the Creative Industry Sector Plan, as part of the UK’s modern Industrial Strategy. Today’s announcement will build upon this, ensuring that the culture sector is able to achieve its full potential. 

    More details on how to apply to each of these funds and schemes will be made available in due course.

    Supportive quotes

    Daniel Evans, Tamara Harvey and Andrew Leveson from the Royal Shakespeare Company, said:

    The RSC welcomes the government’s celebration of the anniversary of Jennie Lee’s White Paper for the Arts and its announcement of the £85m Creative Foundations Fund, an urgently needed intervention.  Ageing capital infrastructure remains a tremendous drag on the sector’s ability to create the work for which it is globally celebrated and maximise its economic and social contribution.  We stand ready to work with the government and other stakeholders to ensure that theatre buildings are effectively maintained and put to the most effective use in creating impactful programmes of work that, true to Jennie Lee’s legacy, make the arts accessible to as many people as possible.

    Arts Council England, Chief Executive, Darren Henley said: 

    Today’s a good news day for arts organisations, museums and libraries. We know how much cultural places and spaces are valued in towns and cities across the land. For years to come, this new investment will help more people in more places to flourish by finding joy and connection with high quality culture close to home.

    Baroness Hodge’s review gives all of us at the Arts Council the chance to make sure that we’re doing everything we can to serve audiences right across England – and that we’re nurturing an environment where artists, arts organisations, museums and libraries can create their best work for those audiences. We’re looking forward to working with Baroness Hodge and her advisory panel to make sure that happens for everyone everywhere every day.

    Duncan Wilson, Chief Executive at Historic England, said: 

    The £15m Heritage at Risk funding will enable us to help regenerate cherished historic buildings in some of our most deprived areas, boosting local pride and wellbeing, as well as stimulating economic growth where it’s really needed.

    Kate Varah, Executive Director and Co-Chief Executive, National Theatre, said: 

    The support announced today shows that, like the visionary Jennie Lee, this Government keenly understands the arts ecosystem and its leading role in boosting the economy, enriching local communities and enhancing soft power. Much-needed capital investment will begin the task of enabling arts venues in towns and cities across our country to upgrade their facilities, providing more jobs and training, improving their financial and environmental sustainability, and offering more opportunities for young people and communities. Today’s announcement is further proof that the Government sees the benefit of working long term, in deep partnership with our sector, to break down barriers to growth and opportunity. Capital isn’t about bricks and mortar, it’s about making space for creativity to flourish.

    Alex Beard, CEO of Royal Ballet and Opera, said: 

    I am delighted that Government has recognised the need to invest in the country’s performing arts infrastructure. This one year programme is a vital first step in ensuring that future generations of audience members can continue to enjoy our world leading performing arts sector, which plays such an important role in the Government’s growth and wellbeing agendas.

    Gurinder Chadha, Film Director, said:

    Time and time again the creative industries have proved how much income they bring into our economy from box office sales to expertise, skills and jobs. I am proud to be a part of the British arts industry that is respected globally. Anything that helps local communities and local artists build their skills, to fulfil their potential and further the cultural economy is something to be applauded. 

    Kwame Kwei-Armah, Director and Playwright, said: 

    Today’s announcement by our government to invest in our world leading cultural sector could not have come sooner or at a better time. From personal inspiration to international soft power I, like many, will be overjoyed that our government has seen the cultural sector who we are and what we contribute to Britain and beyond.

    James Graham, Playwright and Writer, said: 

    This new investment is an extremely welcome acknowledgement of the role culture can play in rebuilding local communities.

    The sector has been just-about-surviving for too long and such injections mean much-loved local venues can begin planning for the future.

    On a personal note, as someone who grew up in a town with very limited access to the arts, the new funding for education programmes is to be celebrated. I only fell in love with theatre because of the passion of the drama teachers in my comprehensive school. It’s deeply encouraging to see that the collapse of culture in education over the last decade can finally turnaround, and unleash the creativity of all young people everywhere.

    Adjoa Andoh, Actress and Writer, said: 

    Arts and culture belong to all the people of our amazing creative nation.

    Our drama, our literature, our music, our painting, our history – it’s what we’re known for across the world, so at home everyone should have access to their heritage with no barriers to participation. I am thrilled that with the announcement of this fantastic injection of targeted funding for arts infrastructure and education, locally and nationally, the government recognises that only with their active support can all the people fully share in our wonderful cultural inheritance. I am sure Jennie Lee whose white paper championed the arts 60 years ago, would be proud.

    Tracy-Ann Oberman, Actress and playwright, said:

    Lisa Nandy has shown a huge commitment to the arts. She has been incredibly supportive of my production of “The Merchant of Venice 1936” and the need to tell stories through theatre to bring communities together. I think this announcement shows a real commitment to the arts in the UK and investment in the rich cultural heritage of this country.

    Lemn Sissay, Author and Broadcaster, said: 

    Investing in the arts is an investment in our communities, our creativity, and our future. The creation of the National Poetry Centre is a shining example of this commitment, offering a space where creativity can flourish and voices from all backgrounds are celebrated.

    Lisa Nandy’s commitment to providing funding for the arts, for everyone everywhere, ensures that the transformative power of culture reaches every corner of our nation, fostering unity, inspiration, and opportunity for all.

    Actors Sanjeev Bhaskar and Meera Syal said:

    As not only a vital sector for tourism but also for local communities and businesses, it’s encouraging to see British arts and culture being supported in a tangible and constructive way.

    Es Devlin, Stage Designer, said: 

    Now, more than ever, the cultivation of our collective consciousness, our shared imagination, our ability to seek patterns and imagine possible futures is critical, and this investment in the arts and arts education is urgent and most welcome.

    Kate Mosse CBT, Novelist, Historian & Playwright, said: 

    Today marks the 60th anniversary of Jennie Lee’s visionary White Paper that changed everything. The idea – radical at the time and no less important today – that the arts are for everyone, that creativity can be found everywhere and fostered, that books, theatre, dance, music transform lives, these ideas took root because of Lee’s commitment, enthusiasm and passion. She was one of the great transformational politicians of the 20th century and writers – and artists – salute you.

    Nicholas Cullinan, British Museum Director, said: 

    This additional funding is a wonderful investment in the UK’s museums sector. In every corner of the country, our national and civic museums play a vital role protecting our heritage, bringing communities together, and supporting and inspiring the UK’s world-leading cultural sector.

    Mary Beard, Trustee of the British Museum: 

    This is great news. Museums across the country are places where we go to learn, to be challenged, to wonder, to debate and disagree, and to discover times, people and places different from ourselves. They deserve (and need) all the support we can give them.

    Doug Gurr, Natural History Museum Director, said: 

    I really welcome and am grateful for the additional support from the government for the museums sector, providing a vital lifeline to ensure we continue to reach and inspire audiences locally, nationally, globally.

    Tom Sleigh, Chair, Norwich Theatre, said: 

    We really welcome this announcement. There is a pressing need for better investment in cultural infrastructure, and this funding will be incredibly important for many regional arts organisations, who have such an important role to play in their local communities.

    Isobel Hunter MBE, chief executive of Libraries Connected, said:

    The Libraries Improvement Fund has been transformative in helping library services in England adapt to the changing needs of their users. This new round will broaden that legacy, creating more accessible, sustainable and inclusive libraries across the country. We can’t wait to see the successful projects take shape.

    Jenny Mollica, Chief Executive Officer of English National Opera and London Coliseum, said:

    We warmly welcome today’s announcement from the Secretary of State of a new Creative Foundations Fund. This will provide critical and transformative support for many performing and visual arts venues across the country, ensuring that they continue to play a vital role at the heart of their communities. These much-needed, urgent interventions in our cultural spaces will support creativity and innovation, locally and nationally – and are an investment in our audiences of today and the future.

    Stephen Freeman, Chief Executive, Royal Exchange Theatre said: 

    Today’s announcement of a new capital fund to support our cultural infrastructure is most welcome. It is deeply encouraging to see the Secretary of State responding to the real and urgent need for support at cultural venues up and down the country. Many of our most iconic institutions are in serious need of capital funds to support the future sustainability of our world class cultural offer.

    Sir Ian Blatchford, Director and Chief Executive, Science Museum Group said: 

    We are delighted with the Government’s continued strong support for national museums and the wider cultural sector. Museums benefit society in many ways, inspiring audiences with engaging stories, contributing to cohesive communities and showcasing creativity that helps drive tourism. The confirmation this week of £15 million Government investment in our ambitious plans for the National Railway Museum is a clear vote of confidence in the transformative work underway across the Science Museum Group.

    Jon Finch – Chair of English Civic Museum Network (ECMN) and Head of Culture and Visitor Economy at Barnsley Council said:

    On behalf of England’s regional museum sector, the English Civic Museum Network (ECMN) welcomes the Government’s unprecedented announcement of £45M investment to support regional museums. ECMN is delighted that the Government has recognised the compelling case for investment in local museums as part of its growth agenda. Civic museums are a fundamental part of England’s cultural, creative, and social fabric and are a catalyst for growth on our high streets

    Michael Eakin OBE, Chief Executive of Royal Liverpool Philharmonic said:

    Royal Liverpool Philharmonic welcomes this additional capital funding to support the sector in 2025-26. We are grateful that Liverpool Philharmonic Hall, one of the UK’s great concert halls, has benefitted from such essential support in past years, but we know that it will continue to need investment in the future. Many of this country’s great cultural buildings are urgently in need of capital works  to ensure they can continue to function and meet the needs of performances and audiences, and this new funding will be very welcome and helpful in addressing some of those needs.

    Jenny Waldman, Director of Art Fund said:

    The £20 million Museum Renewal Fund is a vital lifeline for our civic museums, which have a central place in the lives of local communities. It’s a welcome response to the severe financial pressures museums are facing, particularly those reliant on local authority funding. How appropriate that this crucial investment has been announced to mark the 60th anniversary of Jennie Lee’s visionary first White Paper on the Arts. This investment is an important first step to ensuring financial resilience, economic growth and ensuring our public collections remain accessible for future generations.

    Grayson Perry, Artist said: 

    We should be proud of the brilliant museums and galleries that we have all across the country. It is great to hear that the government understands how important they are and is putting a good chunk of money into maintaining them. These cultural powerhouses give our towns and cities a vital part of their identity, art is a central element of who we are.

    Sir Alistair Spalding and Britannia Morton, Co CEOs Sadler’s Wells. Artistic and Executive Directors said: 

    We welcome today’s announcement. It shows that the Culture Secretary is listening to the needs of the sector and is prepared to  act to protect our cultural infrastructure for future generations.

    Joshua McTaggart, CEO of Theatres Trust:

    Theatres Trust is thrilled that the government has announced its £85million Creative Foundations Fund. We know from our research and industry knowledge that this funding is desperately needed by so many theatres across England. Our diligent team is primed to advise and support theatres up and down the country as they begin their journey on developing and delivering new capital projects, and we encourage people to make use of Theatres Trust’s free impartial expert advice service as they begin their applications.

    Rebecca Lawrence, Chief Executive Officer:

    The British Library welcomes the extension of the Public Bodies Infrastructure Fund for the next financial year. We hope it will be a vital source of support for addressing some of the most urgent pressures on our buildings and estates, which continue to require substantial ongoing investment to ensure they are well maintained for our users and the national collection. We are also pleased to see the extension of the Libraries Improvement Fund for local authority run library services, who we collaborate with all across the country.

    Maria Balshaw, Director of Tate and Chair of the National Museum Directors’ Council said:

    Today’s funding announcements are fantastic news for the whole museum sector. We are incredibly grateful to see the Government’s recognition of the importance of our world-class museums.

    The increase in budgets for national museums and galleries like my own organisation Tate will be vital in supporting our financial resilience, enabling us to continue caring for and providing access to the national collection and the incredible public benefit we deliver. We also warmly welcome the announcement of additional capital investment for national and regional museums through the Public Bodies Infrastructure Fund and the Museum Estate and Development Fund. This investment is urgently needed right across the museum sector for maintenance and repairs.

    In particular, we are delighted to see the announcement of new funding for civic museums, who are facing an unprecedented set of economic pressures. They are some of the finest creative and cultural spaces in the world – caring for internationally significant collections, driving regional tourism and providing vital community services. The new Museum Renewal Fund will help bring civic museums back to a more sustainable position, and we are heartened that Government has listened to calls to protect this key part of our cultural and civic infrastructure.

    Andrew Lovett OBE, Chief Executive, Black Country Living Museum

    We welcome the financial support announced by the Secretary of State, coming as it does at a challenging economic time for many in the sector. A financial decision is a policy decision and we welcome this policy. On the anniversary of the publication of Jennie Lee’s white paper, this is a timely reminder that Museums and the arts are not only crucial to everyday lives and wellbeing, but are also a vital part of the UK economy and merit sustained investment. We make a mistake when we think museums are in the business of collecting and exhibitions; their business is social cohesion and helping us to better understand the world. And it doesn’t get more important than that.

    Notes to editors: 

    On the review of Arts Council England

    Arts Council England is set to undergo a transformative review that will reimagine how we support, develop, and celebrate creativity across every corner of our nation. This landmark independent review, led by Baroness Margaret Hodge, will shine a light on how we can break down barriers, amplify diverse voices, and ensure that arts and culture are truly accessible to everyone, regardless of background or postcode. By examining everything from funding mechanisms to community engagement, we’re taking a crucial step towards building a more inclusive, vibrant, and dynamic cultural landscape that reflects the rich creativity of every community in England.

    Cultural organisations and other interested parties are invited to participate in a survey to feed in their views as part of the review. 

    Read the survey, the advisory panel of experts and the full Terms of Reference for the review.

    On the fourth round of the Museum Estate and Development Fund

    The Museum Estate and Development Fund enables museums across the country to deliver a better experience for visitors and staff, make access and environmental improvements, unlock income-generating opportunities, and continue to protect treasured buildings and collections for future generations. It is open to museums in England accredited by the Arts Council which are not directly funded by DCMS. This fourth round of funding, worth £24.8 million, will benefit 29 local museums across the country: 

    North West

    • Queen Street Mill, Burnley, Lancashire – £813,115
    • Furness Abbey, Barrow-in-Furness, Lancashire – £457,795
    • Fusilier Museum and Learning Centre, Bury, Lancashire –  £81,244

    North East

    • Weardale Museum, Weardale, County Durham – £499,665
    • Sunderland Winter Gardens, Sunderland, Tyne and Wear –  £488,705
    • Preston Park Museum, Stockton-on-Tees, County Durham – £366,300
    • Hartlepool Art Gallery, Hartlepool, County Durham – £302,383

    Yorkshire

    • Museum of North Craven Life, Settle, North Yorkshire –  £798,500
    • Land of Iron, Skinningrove, North Yorkshire  – £655,907
    • Bankfield Museum, Halifax, West Yorkshire – £441,978
    • Pickering Beck Isle Museum, Pickering, North Yorkshire – £388,023 
    • Millennium Gallery, Sheffield, South Yorkshire – £315,684

    Midlands

    • Tamworth Castle, Tamworth, Staffordshire – £1,716,238
    • Wolverhampton Art Gallery, Wolverhampton, West Midlands – £1,695,75
    • Newstead Abbey, Ravenshead, Nottinghamshire – £1,482,882 
    • Creswell Crags, Worksop, Nottinghamshire – £499,999

    East

    • Peterborough Museum & Art Gallery, Peterborough, Cambridgeshire – £137,745 
    • Sainsbury Centre, Norwich, Norfolk – £1,276,711 
    • Bressingham Steam Museum, Diss, Norfolk – £429,719
    • Colchester Castle, Colchester, Essex – £1,293,625
    • Southchurch Hall, Southend-on-Sea, Essex – £423,105

    South East 

    • Bletchley Park, Bletchley, Buckinghamshire – £2,451,350 
    • The Lightbox, Woking, Surrey – £319,000

    South West

    • Russell Cotes Art Gallery and Museum, Bournemouth, Dorset – £1,500,817 
    • Nothe Fort, Weymouth, Dorset – £1,374,763  
    • Dorset Museum and Art Gallery, Dorchester, Dorset – £940,500 
    • Wheal Martyn Clay Works, St Austell, Cornwall – £707,200

    London

    • London Museum of Water and Steam, Brentford, London – £2,626,277
    • The Foundling Museum, Camden, London – £319,000

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI New Zealand: Child Poverty – Save the Children: Urgent investment needed in low-income families, particularly sole parent households – Save the Children

    Source: Save the Children

    Save the Children is calling on the Government to commit to investing in policies to lift more children and whānau out of poverty following the release of today’s latest child poverty statistics that show no progress on meeting targets over the past year, and particular groups of children more at risk.
    Child Poverty Statistics for the year ending June 2024 released today by Stats NZ show the number of children experiencing hardship in their everyday lives has largely remained the same, with specific groups of children – including mokopuna Māori, Pasifika and disabled children and those living in sole parent households – particularly impacted by poverty.
    The cost of housing continues to push many families into poverty, with one third of low- income families spending more than 40% of their income on housing, compared to an average of 20% for all households. Today’s figures do not include those children and families living in emergency housing, the hardest end of poverty.
    “Child poverty is complex and needs political commitment and investment across all governments if we are to achieve real change and enable all children in Aotearoa to thrive,” says Save the Children New Zealand’s Advocacy and Research Director Jacqui Southey.
    “If we are to meaningfully reduce child poverty levels, we must be committed to meaningfully lifting the incomes of low-income families, including lifting welfare levels, and tackle the availability and cost of housing for all New Zealanders whether renting or owning their own homes.
    “We cannot be trapped into seeing this as a single term or single government issue. And most importantly, we must not give up.”
    Ms Southey says the data across the reporting period from 2018 shows a lift in poverty levels since 2021, although the primary measures remain lower than, or at, the 2018 baseline.
    “Although there is no statistically significant difference to report, the graphs show that over time we are no longer moving the dial in the right direction and this is extremely concerning.
    “We cannot ignore that one in four of our children are living in material hardship and one in five are living below the poverty line after housing costs in Aotearoa. For each of these numbers, a real child is experiencing the everyday hardships of not having enough.
    “For particular groups of children, this number is much higher. Pasifika children continue to experience poverty at a higher rate than other groups of children. It is essential that we understand the why of these statistics so we can make the necessary changes to ensure Pasifika children do not lead lives disadvantaged by poverty.”
    Ms Southey says children living in sole parent households are also significantly impacted by child poverty. Nearly 80% of households living on the lowest incomes are sole parent households, on average living on a disposable income of less than $46,000.
    “By any measure this is a shockingly low-income level for a family and is directly contributing to levels of child poverty in Aotearoa New Zealand,” she says.
    “It is not acceptable that our economic systems are set up to push sole parent families into poverty, this is a critical area for change.”
    Save the Children is calling for targeted policies and investment to significantly improve support for sole parent families that would ease the economic burden they are living under.
    About Save the Children NZ:
    Save the Children works in 120 countries across the world. The organisation responds to emergencies and works with children and their communities to ensure they survive, learn and are protected.
    Save the Children NZ currently supports international programmes in Fiji, Cambodia, Bangladesh, Laos, Nepal, Vanuatu, Solomon Islands and Papua New Guinea. Areas of work include child protection, education and literacy, disaster risk reduction and climate adaptation, and alleviating child poverty.

    MIL OSI New Zealand News

  • MIL-OSI United Nations: As Regional Tensions Escalate, M23 Rebel Group Advances Further in Eastern Democratic Republic of the Congo, Top UN Officials Urge Warring Parties to Restart Negotiations

    Source: United Nations General Assembly and Security Council

    Amid rising regional tensions and the continuous advance of the 23 March Movement, or M23, in the Democratic Republic of the Congo, senior UN officials told the Security Council today that the warring parties must return to the negotiating table and seriously work towards peace, while also welcoming regional efforts to resolve the conflict.

    Bintou Keita, Special Representative of the Secretary-General and Head of the UN Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO), noted that this session is taking place in a context marked by the election of a new President of the African Union.  Reporting that M23’s advance has continued to make progress in North and South Kivu, she said that, in two weeks, the Congo River Alliance has established a parallel administration in Goma.  On 16 February, M23 took control of Kavumu airport and Bukavu, also seizing the town of Kamanyola two days later.

    Since the taking of Goma, the Movement has prevented MONUSCO’s resupply of the troops of the Southern African Development Community (SADC) Mission, and it has taken control of all roads entering and leaving the area.  Noting that MONUSCOS’s facilities — which shelter civilians seeking refuge — are under pressure and pointing to deteriorating health and hygiene conditions, she added:  “This is being used to amplify anti-MONUSCO sentiments”.  Highlighting recorded searches by M23 of hospitals and homes for soldiers and civilians that oppose the group, she also noted the increased vulnerability of girls and women to conflict-related sexual violence. 

    Further welcoming the conclusion of the joint summit of the East African Community and SADC on 8 February in the United Republic of Tanzania — which insisted on the resumption of direct negotiations and dialogue in the context of the Luanda and Nairobi processes — she added:  “It is crucial that what has been achieved won’t be lost.”

    “At the end of January, we witnessed history repeating itself worryingly,” said Huang Xia, Special Envoy of the Secretary-General for the Great Lakes Region, pointing to M23’s continuous advancement to strategic areas.  Stressing that the risk of regional conflagration is more real today than ever before, he called on States to prevent the undoing of efforts over the past decade.  He said that the joint summit of southern and East African leaders marks “a key step in emergence of a regional approach” for a consensus-based crisis resolution and called for merging of the Luanda and Nairobi processes.

    Highlighting the 14 February meeting of Heads of State of the African Union Peace and Security Council, he stressed that women and girls must be included in peace mechanisms.  “As catastrophic as a situation may appear today, it may grow worse,” he warned, calling for resumed dialogue and revitalization of the Addis Ababa Framework Agreement on Peace, Security and Cooperation.  Underscoring the need for a regional oversight mechanism, he added:  “It is today time to gather around the negotiation table and to candidly discuss the root causes of the conflict.”

    MIL OSI United Nations News

  • MIL-OSI China: Egyptian, Chinese firms ink protocol to build Egypt’s 1st ultrasound device factory

    Source: People’s Republic of China – State Council News

    Egyptian, Chinese firms ink protocol to build Egypt’s 1st ultrasound device factory

    CAIRO, Feb. 19 — Egyptian company Tatweer Medical Industries and Chinese medical devices and solutions supplier Mindray signed Wednesday a cooperation protocol to set up Egypt’s first ultrasound device manufacturing plant, the Egyptian Ministry of Health and Population said in a statement.

    Egypt’s Deputy Prime Minister and Minister of Health and Population Khaled Abdel-Ghaffar, who attended the signing ceremony, stressed the protocol’s importance “in bolstering local medical industries, meeting the needs of the Egyptian health sector of advanced medical equipment, achieving self-sufficiency, and reducing import dependency,” read the statement.

    The minister said that the first locally made devices will be manufactured and launched in April and that the factory is expected to produce 2,500 devices annually.

    He noted the ministry will offer all necessary facilitations to ensure the success of the project, attract investment in Egypt’s health sector, and encourage global companies to transfer medical device manufacturing technology to Egypt, according to the statement.

    MIL OSI China News

  • MIL-OSI Submissions: Renewable Energy – Ethiopia Signs Memorandum of Understanding with ATIDI to Support PPP Renewable Energy Projects

    Source: Media Fast

    Addis Ababa, Ethiopia, 19 February, 2025: The Federal Democratic Republic of Ethiopia, represented by the Ministry of Finance and Ethiopian Electric Power (EEP), has signed a Memorandum of Understanding (MoU) with the African Trade Insurance Agency (ATIDI), a leading pan-African multilateral trade and investment insurer. This milestone agreement is designed to accelerate Ethiopia’s transition to clean energy by attracting foreign investment into renewable energy projects through ATIDI’s Regional Liquidity Support Facility (RLSF).

    The MoU establishes a framework for collaboration between Ethiopia and ATIDI, ensuring that Independent Power Producers (IPPs) or Public Private Partnerships can leverage RLSF, a liquidity support mechanism developed by ATIDI in partnership with KfW Development Bank and Norad. RLSF provides financial protection to IPPs/PPPs by availing and accelerating payments owed by state-owned utilities, addressing a key challenge in the energy sector by enhancing payment security and financial stability.

    “We are honored to partner with the Government of Ethiopia and Ethiopian Electric Power to support the development of the country’s renewable energy sector. Through our liquidity support, this collaboration will not only reduce financial risks but also attract more investment into Ethiopia’s energy infrastructure. We believe that this partnership will help accelerate the growth of Ethiopia’s renewable energy capacity and contribute to the broader goal of sustainable development across the African continent,” said CEO, ATIDI Manuel Moses,

    In his key message H.E. Ahmed Shide, Ethiopia’s Minister of Finance, said “through this partnership, Ethiopia aims to facilitate timely payments to developers, mitigate financial risks, strengthen the bankability of power purchase agreements (PPAs), and enhance the creditworthiness of EEP”. His Excellency further strengthened his message by stating that “these efforts will create a more attractive investment environment for renewable energy projects”.

    Ethiopia becomes the 11th ATIDI member state to sign the RLSF MoU joining Benin, Burundi, Côte d’Ivoire, Ghana, Kenya, Madagascar, Malawi, Togo, Uganda and Zambia. Since its inception, guarantees worth USD24.7 million have been approved under the RLSF portfolio; in turn facilitating investments totaling USD373.1 million and the development of 181.95 MW of installed renewable energy capacity across Africa.

    “Ethiopia has embarked on a comprehensive economic reform agenda known as the Homegrown Economic Reform Agenda (1&2). This initiative aims to address structural challenges and promote sustainable economic growth.  The key aspects of the reform are creating Macroeconomic Stability; Investment and Trade. Efforts are being made to enhance the investment climate and promote trade by simplifying regulations, improving infrastructure, and encouraging private sector participation. The Regional Liquidity Support Facility (RLSF) is expected to play great role by enhancing the bankability of PPP projects and the sustainable implementation of such projects,” H.E Shide said.

    Ethiopia has made significant strides in expanding its energy sector, primarily relying on hydropower as the backbone of its electricity generation. The Ethiopian government aims to diversify this energy mix by leveraging its vast renewable resources including wind, solar, and geothermal energy to enhance reliability and sustainability.

    “The reform also aims to boost productivity in key sectors such as agriculture, manufacturing, and services to drive economic growth and create jobs. Investment Attraction too focuses on creating improved investment climate that has already attracted foreign direct investment, particularly in sectors like energy, manufacturing, and agriculture. We look forward to expanding this positive collaboration with ATIDI to cover additional sectors other than energy,” the Minister added.

    This collaboration marks a significant step towards a more resilient and investor-friendly renewable energy landscape in Ethiopia. With ATIDI’s support, the country is poised to achieve its energy transition goals while ensuring financial stability for its power sector stakeholders.

    About ATIDI

    ATIDI was founded in 2001 by African States to cover trade and investment risks of companies doing business in Africa. ATIDI predominantly provides Political Risk, Credit Insurance and, Surety Insurance. Since inception, ATIDI has supported USD85 billion worth of investments and trade into Africa. For over a decade, ATIDI has maintained an ‘A/Stable’ rating for Financial Strength and Counterparty Credit by Standard & Poor’s (S&P), and in 2019, ATIDI obtained an A3/Stable rating from Moody’s, which has now been revised to A3/Positive.

    More about ATIDI: www.atidi.africa

    About the Regional Liquidity Support Facility (RLSF)

    RLSF is a guarantee instrument provided by ATIDI to renewable energy Independent Power Producers (IPPs) that sell the electricity generated by their projects to state-owned power utilities, located in ATIDI member states that have signed the RLSF Memorandum of Understanding. RLSF was launched in 2017 by ATIDI and the German Development Bank, KfW, with financing from the German Federal Ministry for Economic Cooperation and Development (BMZ); in 2022, the Norwegian Agency for Development Cooperation (Norad) committed additional funding towards its continued implementation. RLSF has a capacity of USD153.7 million and supports small and mid-scale renewable energy projects with an installed capacity of up to 100 MW (larger projects can be considered on a case-by-case basis) by protecting the projects against the risk of delayed payments by public offtakers; in turn improving project bankability and ensuring that more projects reach financial close.

    More on RLSF: https://www.atidi.africa/our-solutions/energy-solutions/regional-liquidity-support-facility-rlsf/

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Energy Sector – Brazil-Africa Energy Ties Strengthen as G20 Drives Regional Development

    SOURCE: African Energy Chamber

    As a key G20 member, Brazil is deepening its energy cooperation with African nations through strategic investments, partnerships and knowledge exchange, with this year’s African Energy Week: Invest in African Energies conference paving the way for greater collaboration

    CAPE TOWN, South Africa, February 19, 2025/ — As a prominent member of the G20, Brazil has been actively fostering energy cooperation with African nations, aiming to bolster regional energy development and address shared challenges. Last month, the African Energy Chamber (AEC) (https://EnergyChamber.org/) hosted the “Invest in African Energies” reception in Rio de Janeiro to highlight investment opportunities in Africa’s energy sector and underscore the pivotal role of Brazilian entities, including Petrobras, the Brazilian Petroleum Association and independent oil producers, in advancing cross-continental collaboration.

    Petrobras, Brazil’s state-owned oil company, is actively pursuing opportunities in African nations, including a planned 40% stake acquisition in Namibia’s Mopane oil and gas exploration block. The company’s deepwater expertise, honed in Brazil’s Campos and Santos Basins, positions it to significantly contribute to Africa’s offshore developments, particularly in the Orange Basin. Additionally, Brazil’s independent oil producers, such as PRIO, 3R Petroleum, Enauta and PetroRecôncavo, have demonstrated proficiency in revitalizing mature fields and employing advanced extraction technologies. Their experience offers valuable insights for Africa’s onshore and offshore energy projects, with discussions at the event highlighting lucrative oil and gas opportunities in Namibia, Angola and the Republic of Congo.

    Meanwhile, the Namibia Energy Corporation (NEC), an integrated energy firm, is focused on increasing Brazil’s investments in upstream exploration and infrastructure in Namibia and across Africa. On February 4, a collaboration was announced between Petrobras, NEC, the AEC and the Brazilian Institute of Petroleum to strengthen oil and gas investments between Brazil and Africa.

    Aligning with this agenda, last year’s Brazil Africa Forum in São Paulo focused on renewable energy, climate and sustainable prosperity, emphasizing infrastructure investment as key to sustainable development in both Brazil and Africa. Discussions highlighted Brazil’s diverse energy mix, which includes hydropower, wind, solar and biomass, and explored how Brazil’s experience in renewable energy can inform Africa’s energy transition efforts.

    Brazil’s technical expertise, particularly in deepwater exploration and renewable energy, aligns with Africa’s energy development goals. Collaborations in oil and gas exploration are expected to enhance Africa’s energy production capabilities, contributing to economic growth and increased energy access. Furthermore, Brazil’s experience with renewable energy integration offers a model for African countries aiming to diversify their energy sources and promote sustainability. Knowledge exchange in clean energy sectors can support Africa’s efforts to build resilient, sustainable energy systems.

    Brazil’s active engagement with African nations, facilitated through G20 frameworks and bilateral initiatives, is fostering meaningful partnerships in the energy sector. These collaborations are not only advancing Africa’s energy development, but also contributing to global efforts toward sustainable and inclusive growth. As these partnerships continue to evolve, they hold the promise of delivering substantial benefits to both Brazil and African countries, reinforcing the importance of South-South cooperation in addressing shared energy challenges.

    The “Invest in African Energies” reception set the stage for the African Energy Week: Invest in African Energies 2025 conference in Cape Town, which will play a central role in advancing Brazil-Africa energy cooperation. The conference will bring together industry leaders, policymakers and investors to explore new opportunities in oil and gas, deepen existing partnerships and facilitate deals that strengthen Brazil’s role in Africa’s energy sector. With Petrobras and independent Brazilian producers increasingly looking to Africa for investment, AEW 2025 is expected to drive further collaboration, technology exchange and capital inflows into African markets.  

    About AEW: Invest in African Energies:
    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    MIL OSI – Submitted News

  • MIL-OSI United Nations: What is social justice and how is the UN helping to make it a reality worldwide?

    Source: United Nations 2

    Human Rights

    In recent years, the term “social justice” has become a significant part of public discourse, often invoked in discussions about equality, human rights, and societal reforms. But what exactly does social justice mean, and why is it so important?

    The United Nations supports the principle in multiple ways, from addressing economic inequality to access to education, healthcare, and the protection of human rights, with the aim of creating a world where everyone has the opportunity to thrive.

    Social justice is for everyone, which is why the UN pays attention to the needs of particularly marginalized and vulnerable communities, such as refugees, indigenous peoples and those living with disabilities.

    Social justice encompasses a wide range of issues which are highlighted as part of World Day of Social Justice marked annually on 20 February.

    Equity, solidarity, human rights

    The UN definition of social justice is “an underlying principle for peaceful and prosperous coexistence within and among nations.” This can be interpreted as a world in which societies are based on the principles of equality and solidarity, understand and value human rights, and recognize the dignity of every human being.

    The five key principles of social justice are often defined as:

    • the recognition that different people have different needs and circumstances (equity),
    • ensuring that everyone has access to the resources and opportunities they need to succeed (access),
    • enabling all individuals to play in role in the political, economic and social life of the communities (participation),
    • protecting the human rights of all individuals (rights) and
    • valuing and respecting differences between people, such as race, gender, and sexual orientation (diversity).

    Social justice is a cornerstone of the United Nations’ mission to promote peace, security, and human rights worldwide and is enshrined in the 2030 Agenda for Sustainable Development, an international blueprint for peace and prosperity.

    The Agenda is broken down into 17 ambitious Goals, which are due to be achieved in the next five years. Some progress has been made, particularly on the reduction of extreme poverty, and improved access to essential health services, but overall they are not on track.

    However, the Goals have been useful in providing UN Member States with clear, objective targets designed to improve the lives of their citizens.

    UN News/Daniel Dickinson

    The Sustainable Development Goals form the bedrock of social justice.

    Promoting decent work

    One of the primary ways the UN supports social justice is through the promotion of decent work and economic opportunities.

    The International Labour Organization (ILO), a specialized UN agency, plays a crucial role in this area. The ILO‘s Decent Work Agenda focuses on creating jobs, guaranteeing rights at work, extending social protection, and promoting social dialogue.

    By advocating for fair wages, safe working conditions, and the elimination of forced labour and child labour, the ILO helps ensure that workers worldwide are treated with dignity and respect.

    © ILO/Shaun Chitsiga

    A banana grower harvests his crop in Manicaland, Zimbabwe.

    The promotion of decent work is one of the Sustainable Development Goals of the 2030 Agenda: Goal 8 (SDG 8) calls for the promotion of inclusive and sustainable economic growth, employment and decent work for all.

    Advancing gender equality

    Gender equality is another critical aspect of social justice that the UN actively promotes. It is a fundamental human right and is critical to a healthy society.

    UN Women, the United Nations entity dedicated to gender equality and the empowerment of women, works to eliminate discrimination against women and girls, empower women, and achieve gender equality, through initiatives such as the HeForShe campaign and the Spotlight Initiative.

    © UNFPA/Mbuto Machil

    A community activist in Cabo Delgado, Mozambique provides information on preventing child marriage and gender-based violence.

    SDG 5 calls for the achievement of gender equality and the empowerment of all women and girls: UN-backed commitments have seen declines in some problem areas, such as child marriage and female genital mutilation (FGM), but many women and girls continue to face barriers to their economic and social empowerment.

    Ensuring access to education

    Despite some recent progress in the percentage of students attaining a basic education, an estimated 300 million children and young people will still lack basic numeracy and literacy skills by 2030.

    © UNICEF

    Students in Chhattisgarh, India, attend a robotics class.

    Education is a powerful tool for reducing inequalities, reaching gender equality and achieving social justice, and the UN is committed to reaching SDG 4, which focuses on ensuring inclusive and equitable quality education and promoting lifelong learning opportunities for all.

    The UN also supports educational and training programmes aim to build tolerance, understanding, and resilience among young people, helping them become advocates for social justice.

    Protecting human rights

    The protection of human rights is at the heart of the UN’s mission, and one of its greatest accomplishments is the drafting and adoption of the groundbreaking Universal Declaration of Human Rights, which paved the way for a comprehensive body of human rights law.

    The Office of the High Commissioner for Human Rights (OHCHR) works to promote and protect the human rights of all people, monitoring and reporting human rights violations, providing technical assistance to governments, and supporting the work of human rights defenders.

    The work of the OHCHR is crucial in ensuring that individuals can live free from discrimination, violence, and oppression.

    © WHO/Anna Kari

    The SDGs focus on eliminating poverty and providing people with opportunities to prosper.

    • Since 2008 World Day of Social Justice has been celebrated annually on 20 February, following a declaration by the General Assembly.
    • The Day was created as a reminder of the need to build a fairer and more equitable world, and to combat unemployment, social exclusion and poverty.
    • This year’s theme is “Strengthening a just transition for a sustainable future,” acknowledging the need to ensure that the move towards low-carbon economies benefits everyone, especially the most vulnerable.
    • The International Labour Organization (ILO) is marking the occasion with a series of events held in major cities around the world.

    MIL OSI United Nations News

  • MIL-OSI United Kingdom: The continued advance into DRC of M23 and the Rwandan Defence Forces is a breach of the UN charter: UK statement at the UN Security Council

    Source: United Kingdom – Executive Government & Departments

    Statement by Ambassador James Kariuki, UK Deputy Permanent Representative to the UN, at the UN Security Council meeting on Democratic Republic of the Congo.

    I will make three points.

    First, we express our deep concern at the continued advance into DRC of the M23 and Rwandan Defence Forces. 

    This is an unacceptable violation of DRC’s sovereignty and territorial integrity and a breach of the UN Charter.

    The occupation of Bukavu is a serious escalation which heightens the risk of a wider regional conflict.

    The United Kingdom is clear that there needs to be an immediate cessation of hostilities and a return to dialogue via African-led peace processes. 

    There can be no military solution. As my Foreign Secretary has said, Rwanda must withdraw its troops.

    The UK is actively considering next steps, alongside international partners, including the possibility of a review of all UK support to Rwanda.

    Second, urgent action is needed to halt the rapidly deteriorating humanitarian situation. 

    The M23 and Rwandan Defence Forces’ takeover of Goma has displaced close to one million people in North and South Kivu.

    Hundreds of thousands are now in desperate need of lifesaving support. 

    Civilians, particularly women and girls, are at increased risk of violence, including sexual violence.

    We have seen harrowing reports, including of 165 women raped and many burned alive at Goma Muzenze Prison earlier this month.

    The parties to the conflict must adhere to their obligations under international humanitarian law. 

    And humanitarian access, especially via Goma airport, should urgently be restored.

    Third, MONUSCO’s freedom of movement is essential to support the protection of civilians and facilitate aid delivery. 

    Restrictions by the M23 and Rwandan Defence Forces are unacceptable.

    The parties must respect MONUSCO’s mandate, as authorised by this Council.

    The UK strongly condemns all attacks on UN peacekeepers and recalls that attacks on MONUSCO could be grounds for UN sanctions.

    President, to conclude, the UK welcomes regional efforts to secure a lasting solution to this conflict. 

    We welcome the contribution of the recent joint EAC and SADC summit and the AU PSC summit.

    We urge DRC and Rwanda to engage in good faith in existing peace processes. 

    We need to see the rapid implementation of the actions agreed at the summits, supported by urgent action by this Council.

    Updates to this page

    Published 19 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Economics: Liberia: First Review Under the Extended Credit Facility Arrangement and Request for a Waiver of Nonobservance of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Liberia

    Source: International Monetary Fund

    International Monetary Fund. African Dept. “Liberia: First Review Under the Extended Credit Facility Arrangement and Request for a Waiver of Nonobservance of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Liberia”, IMF Staff Country Reports 2025, 044 (2025), accessed February 19, 2025, https://doi.org/10.5089/9798229001281.002

    MIL OSI Economics