Category: Africa

MIL-OSI Australia: Concern for welfare – Alice Springs Region

Source: Northern Territory Police and Fire Services

The Northern Territory Police Force holds concerns for the welfare of 26-year-old Gach, who was last seen leaving his home in Alice Springs yesterday afternoon at 3:30pm.

Gach last spoke to family later in the day at 5:30pm via phone, however he failed to attend work for a rostered shift that night.

Gach was driving his red Mazda CX5 with NT registration CG05CH, which was located this morning by police 14.5km west of John Flynn’s Grave Historical Reserve on Larapinta Drive.

He is described as being of Sudanese appearance, with dark skin and a slim build. He was last seen wearing cream tracksuit pants, a black t-shirt and black shoes.

Police are urging anyone who may have been travelling along Larapinta Drive between 5:30pm Monday 28 July and 8:00am this morning that may have seen Gach or his vehicle, or has dash cam footage, to please contact police on 131 444 and quote reference number NTP2500075979.

MIL OSI News –

July 30, 2025
MIL-OSI Economics: Desert-to-Power: SEFA commits €6 million to Dédougou Solar Project in Burkina Faso

Source: African Development Bank Group
The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has committed a €6 million concessional finance package for the development of the 18 MW Dédougou Solar Power Plant in Burkina Faso, marking a significant milestone towards increasing the country’s energy generation capacity.

MIL OSI Economics –

July 30, 2025

MIL-OSI: Amundi: First half and second quarter 2025 results

Source: GlobeNewswire (MIL-OSI)

Amundi: First half and second quarter 2025 results

Record inflows of +€52bn in the first half of the year

Inflows already at full year 2024 level		Assets under management¹at an all-time high of €2.27tn at end-June 2025, +5% June/June despite the negative forex effect Net inflows +€52bn in H1, of which +€20bn in Q2 +€48bn in medium-to-long-term assets²(MLT) in H1 Record half-year net inflows for Institutionals: +€31bn

Growth in profit before tax		First half 2025: profit before tax³^,⁴€895m, up +4% H1/H1⁴: Driven by revenue growth (+5%) Cost control, with a cost-income ratio at 52.5%³

Continued success on strategic pillars		Partnership with Victory Capital finalised on 1 April Strong H1 inflows in strategic priorities: Third-party distribution +€13bn, of which 40% with digital players Asia +€22bn, of which +€13bn in JVs and +€8bn in direct distribution ETFs +€19bn, with success in European strategies and innovation Responsible investment: wins of key institutional mandates Amundi Technology: revenues up +48% H1/H1, strong organic growth and integration of aixigo Fund Channel: €613bn in assets under distribution, Ambitions 2025 target achieved

Paris, 29 July 2025

Amundi’s Board of Directors met on 28 July 2025 under the chairmanship of Olivier Gavalda, and approved the financial statements for the first half of 2025.

Valérie Baudson, Chief Executive Officer, said: “With net inflows of +€52bn, Amundi’s performance in the first half of the year was equivalent to the whole of 2024. The depth of our offering and our extensive expertise allow us to respond effectively to our clients’ needs, through our active strategies, passive management, responsible investment, employee savings schemes, technology services and fund distribution solutions.

Amundi has continued to grow both in terms of activity and results, with first half revenues³up +5% and profit before tax³up +4% year-on-year⁴.

Amundi has also leveraged its position as Europe’s leading asset manager, as our clients look for greater diversification in their allocations, with a renewed interest in Europe. With €2.3tn in assets under management, Amundi is the only European player among the top 10 global asset managers, and a preferred gateway for players wishing to invest on the continent. Our comprehensive range of solutions enables investors to finance European companies and economies, and we continue to expand, through ETFs and actively managed funds focused on European sovereignty.»

* * * * *

Highlights

Continued organic growth thanks to continued successes in the strategic pillars

2025 marks the final year of Ambitions 2025 plan, which set a number of strategic pillars aimed at accelerating the diversification of the Group’s growth drivers and exploiting development opportunities. Several objectives were achieved in 2024 and the first half of 2025 confirms Amundi’s growth momentum.

Amundi, the European expert: Amundi is the leading European asset manager, and the only European player among the world’s top 10⁵; this positioning allows the Group to manage ~€1.7tn in assets under management on behalf of European clients, who have entrusted it with an additional +€29bn€ in the first half to manage; Amundi invests, on behalf of its clients, more than half of its assets⁶ in euro-denominated securities; this European expertise is a key differentiator for Amundi’s comprehensive and innovative platform; the launch of new products, such as ETFs or actively managed funds to invest in the European defence sector, make it possible to nurture this distinctive element strongly quarter after quarter;
The Institutional division generated healthy net inflows of +€31bn in the fist half, thanks to several major wins, including the award of a Defined Contribution mandate with The People’s Pension in the UK(+€22bn), successes in Asia (+€5bn, particularly in China), record net inflows in Employee Savings and Retirement and the renewed interest in France in tradition life insurance “euro” contracts; in addition, Amundi secured several innovative mandates, for example with a German pension fund in private debt via the expertise of Amundi Alpha Associates, and a low-carbon mandate for Chile’s sovereign wealth fund thanks to the index and ESG expertise;
Third-Party Distribution continued to grow strongly, with assets under management up by more than +18% year-on-year excluding the contribution of US Distribution to Victory Capital (scope effect of -€62bn), thanks to 12-month net inflows of +€33bn, of which +€13bn⁷ was in the first half of 2025, mainly in MLT assets⁸, (+€12.1bn); net inflows were driven by ETFs and positive in active management, diversified by geographical areas and positive in almost all countries in terms of MLT assets⁸, particularly in Asia (+€3bn); the strong commercial momentum with digital platforms is confirmed, with this type of client accounting for around 40% of net inflows for the first half; it should be noted that a workshop dedicated to Third-Party Distribution was held on 19 June, in London to highlight the growth potential of this strategic focus of the MTP;

Asia: assets under management were up +2% year-on-year despite the decline in the US dollar and the Indian rupee, to reach €460bn; half-year net inflows reached +€22bn, of which +€14bn was in the second quarter; half-year net inflows were split +€14bn from JVs (including Amundi BOC WM) and +€8bn from direct distribution; it is also diversified by countries: India (+€7bn), China (+€5bn) with the two JVs, institutional clients and now the QDLP⁹ license in Third-Party Distribution¹⁰, Korea (+€5bn) thanks to the JV, Hong Kong (+€3bn) and Singapore (+€1bn) thanks to institutional investors and third-party distributors;
ETFs gathered +€19bn this half-year, placing Amundi in second place in the European ETF market in terms of net inflows as well as assets under management, which reached €288bn; this high level of activity was achieved thanks to the diversification of the business line by client types, geographies and asset classes covered: Asia and Latin America contributed +€4bn in net inflows over the half-year; the net inflows also reflect the success of the business line’s flagship products: the Stoxx Europe 600 ETF collected nearly +€3bn in the first half and assets now exceed €12bn; European strategies continued to benefit from investors’ renewed interest in the European markets, with +€4bn attracted in the second quarter alone; innovative products were launched, such as the low-duration euro zone sovereign green bonds ETF, capitalising on the success of the long-duration version, which reached €3bn in assets under management, and the launch in May of the European Defence ETF, in partnership with STOXX, on a platform and with partners only in Europe;
Amundi Technology continues to grow, with revenues up +48% H1/H1, thanks to strong organic growth amplified by the integration of aixigo; Amundi Technology has won new clients during this period, including AJ Bell in the UK.
Fund Channel, the fund distribution platform, has exceeded its target Ambitions 2025 target six months ahead of schedule, with €613bn in assets under distribution; the subsidiary has launched Fund Channel Liquidity, a multi-management platform for treasury products, in partnership with the Liquidity Solutions teams of Amundi and CACEIS; the platform has already been recognised with the innovation award of the AFTE (French association of corporate treasurers);
Following the success of Ambitions 2025, a new three-year strategic plan will be presented in the fourth quarter.

On 1 April, Amundi finalised its partnership with Victory Capital and received shares representing 26% of the share capital in return for contributing Amundi US to Victory. This stake is consolidated in the second quarter accounts under the equity method, with a one-quarter lag compared to Victory Capital’s publications because the company, listed on the Nasdaq, publishes its accounts after those of Amundi (on 8 August for its second quarter 2025 results). Assets under management are consolidated at 26% in a separate line (Victory Capital – US distribution” for the portion distributed to US clients, and at 100% in the relevant client segments and asset classes for the portion managed by Victory Capital but distributed by Amundi to clients outside the United States.

Activity

Record inflows in the first half of the year of +€52bn, already at the level of the whole of 2024

Assets under management¹as at 30 June 2025 rose by +5.2% year-on-year, to reach an all-time high at €2,267bn. They benefited over 12 months from a high level of net inflows, +€75bn, the positive effect of market appreciation for +€109bn, more than half reduced by the unfavourable impact of currency moves (-€60bn) linked to the fall in the US dollar and the Indian rupee.

These two currencies fell vs. the euro in average for the second quarter by -5% and -7% respectively year-on-year and by -7% and -6% quarter-on-quarter. In the first half of 2025 and also in average terms, the US dollar is down by -1% and the Indian rupee by -4% compared to the first half of 2024.

In the first half of 2025, the market effect and the forex effect amounted to +€58bn and -€73bn respectively,

Amundi recorded a scope effect of -€10bn related to the finalisation of the partnership with the American asset manager Victory Capital in the second quarter.

Net inflows were healthy at +€52bn in the first half of the year, almost reaching the level of the whole of 2024 (+€55bn), and far exceeding it in assets MLT⁸ excluding JVs and US distribution at +€48bn (compared to +€34bn for the whole of 2024).

These MLT net inflows⁸ (+€26bn) were driven by passive management (+€44bn), in particular ETFs (+€19bn) and active management (+€9bn), driven by fixed income strategies.

Treasury products excluding JVs and US distribution posted outflows of -€9bn over the half-year, entirely due to withdrawals from corporate clients, which were particularly strong over the first half (€15bn); on the contrary, all other client segments posted net inflows on this asset class, reflecting the wait-and-see attitude in the face of volatility in risky asset markets.

The three main client segments contributed to the net inflows of +€52bn:

the Retail segment, at +€7bn, thanks to Third-Party Distributors (+€13bn) and Amundi BOC WM (+€1.0bn), while risk aversion continues to affect net inflows from Partner networks;
the Institutional segment, at +€31bn, particularly in fixed income and equities thanks to the gain in the first quarter of The People’s Pension mandate (+€21bn, +22 in H1); all sub-segments contributed, to note the very high level of activity in Employee Savings & Retirement, at +€4bn, a record since the creation of Amundi, and the mandates of the insurers of Crédit Agricole and Société Générale, at +€9bn, which benefited from the renewed interest of French savers in life “euro” contracts;
and finally, JVs (+€13bn) posted a very positive performance over the half-year; despite market volatility in India, the SBI MF subsidiary gathered +€7bn thanks to a rebound in the second quarter, NH-Amundi (South Korea) +€5bn, and ABC-CA (China) +€2bn (excluding the discontinued Channel business), mainly driven by treasury products.
The net inflows from the US distribution of Victory Capital, recorded only over one quarter and only for the Group’s share of 26%, were at breakeven.

In the second quarter, net inflows reached +€20.4bn, divided between:

the MLT assets⁸ at +€11.1bn, driven by Third-Party Distributors (+€5bn) and the Institutional division (+€10.8bn); the activity was at a record level in Employee Savings & Retirement, even for a seasonally high quarter (+€4.1bn) and Crédit Agricole and Société Générale insurance mandates recorded a good performance (+4.6bn€), in the context already mentioned of the renewed interest in life “euro” contracts and the arbitrage of treasury products in favour of short-duration bonds; as regards asset classes, ETFs confirmed their success (+€8.2bn), but also positive net inflows in active management (+€2.9 billion), driven by fixed income;
JVs, for +€10.3bn, thanks in particular to the rebound in SBI MF’s activity in India (+€7.8bn) after two quarters of market volatility and withdrawals related to the end of the fiscal year in the first quarter; ABC-CA (China, +€1.2bn excluding Channel Business) also confirmed the recovery of its activity, particularly in fixed income, driven by a more favourable local market;
Treasury products posted outflows (-€1.0bn), with the continuation of seasonal withdrawals from Corporates (-€3.8bn), while all other segments posted net inflows or at least breakeven.

First half 2025 results

The income statement for the first half of 2025 includes, in the first quarter, Amundi US fully integrated in each line of the P&L and, in the second quarter, the equity-accounted contribution of Victory Capital (Group share, i.e. 26%). As Victory Capital has not yet published its earnings for this period, this contribution is estimated by taking Group share of the net profit for the first quarter of 2025.

The first half of 2024 has been restated in a comparable manner, i.e. as if Amundi US had been fully integrated in the first quarter and accounted for using the equity method in the second quarter (@100%)

Profit before tax³+4% H1/H1⁴

Adjusted data³

The Group’s results for the first half of 2025 include, in addition to the 26% equity contribution of Victory Capital, the contribution of aixigo, acquisition of which was finalised in early November 2024, as well as Alpha Associates, an acquisition finalised early April 2024, which were therefore not integrated or only partially integrated in the first half of 2024.

Victory Capital’s contribution is accounted for under the equity method for its 26% share with a one-quarter lag.

The profit before tax³reached €895m in up +4.2% compared to the first half of 2024 pro forma⁴. This growth comes mainly from revenue growth.

Adjusted net revenues³ reached €1,703m, +4.9% compared to the first half of 2024 (+4,0% excluding the integration of aixigo and an additional quarter of Alpha Associates). Contributing to this progression, at current scope:

Net Management Fees grew by +4.6% compared to the first half of 2024 pro forma⁴, at €1,542m, and reflect the increase in average assets under management² thanks to the good level of activity, despite the negative effect of the product mix on revenue margins;
Amundi Technology’s revenues, at €52m, grew strongly (+48.0% compared to the first half of 2024), amplified by the consolidation of aixigo (+€8m), organic growth was +25%;
Financial and other revenues³ amounted to €52m, +10.4% compared to the first half of 2024 on a pro forma basis⁴ thanks to capital gains on seed private equity investments and the portfolio’s positive mark-to-market in the first quarter, although the half-year remains characterised by the negative impact on voluntary investments of the fall in short-term rates in the euro zone, which halved in one year;
Performance fees (€58m), on the other hand, decreased by -13.2% compared to the first half of 2024 on a pro forma basis⁴, reflecting greater market volatility since the beginning of the year, particularly in the second quarter; however, the performance of Amundi′s management remains good, with more than 70% of assets under management ranked in the first or second quartiles according to Morningstar¹¹ over 1, 3 or 5 years, and 243 Amundi funds rated 4 or 5 stars by Morningstar as at 30 June.

The increase in adjusted operating expenses³, €894m, is +5,3% compared to the first half of 2024 pro forma⁴ and +3,4% excluding the integration of aixigo and an additional quarter of Alpha Associates. The jaws effect is therefore slightly positive on a like-for-like basis, reflecting the Group’s operational efficiency.

In addition to the scope effect, this increase is mainly due to investments in the development initiatives of the Ambitions 2025 plan, particularly in technology, third-party distribution and Asia.

The cost-income ratio at 52,5%, on an adjusted basis³, is stable compared to the first half of last year, and in line with the Ambitions 2025 target (<53%).

The adjusted gross operating income³reached €808m, up +4,5% compared to the first half of 2024 pro forma⁴, reflecting growth in revenues and cost control.

The contribution of equity-accounted JVs¹², at €66m, up +7.1% compared to the first half of 2024, reflects the strong momentum of the Indian JV SBI MF (+7.4%), which accounts for nearly 80% of the contribution of JVs. The commercial dynamism of the JV allowed the continued growth of its management fees and more than offset the effects of the depreciation of the Indian rupee (-€3m, or -6 percentage points of growth). The half-year contribution also benefited from the profitability of the Chinese JV ABC-CA.

The adjusted contribution³of the U.S. operations, accounted for under the equity method, which includes Victory Capital’s Group share (26%) contribution from the second quarter onward, amounts to €26m. As explained, this figure corresponds to Victory Capital’s first quarter adjusted net income, due to the lag in publication and therefore does not take into account the synergies that were announced as part of the combination with Amundi US ($110m at 100%, full year before tax) and of which $50m had already been achieved at the time of the finalisation of the partnership. The comparison with Amundi US contribution in the second quarter of 2024, at €32m, which also included positive non-recurring items, is therefore not relevant.

The adjusted corporate tax expense³ of the first half of 2025 reached -€259m, a very strong increase – +35.0% – compared to the first half of 2024 pro forma⁴.

In France, in accordance with the Finance Act for 2025, an exceptional tax contribution is recorded in the 2025 fiscal year. It is calculated on the average of the taxable profits made in France in 2024 and 2025. This exceptional contribution is estimated¹³ to -€72m for the year as a whole, and is not accounted for on a straight-line basis over the quarters. Thus, it amounted to -€54m in the first half of 2025. Excluding this exceptional contribution, the adjusted tax expense³ would have been -€205m and the adjusted effective tax rate³ would be equivalent to that of the first half of 2024.

Adjusted net income³ rose to €638m. Excluding the exceptional corporate income tax contribution, it would have reached €692m, up +4% compared to the first half of 2024 pro forma⁴.

Adjusted³earnings per share was €3.11 in the first half of 2025, including -€0.26 related to the exceptional tax contribution in France. Excluding this exceptional contribution, adjusted³ earnings per share would therefore have been €3.37, up +3.3% compared to the first half of 2024 pro forma⁴.

Accounting data in the first half of 2025

Accounting net income group share amounted to nearly one billion euros, at €998m. It includes a non-cash capital gain of €402m related to the finalisation of the partnership with Victory Capital.

As a reminder, this operation took the form of a share swap and did not give result in any cash payment. The accounting capital gain corresponds to the difference between the market value of what Amundi Group received at the transaction date, namely 26% of the share capital of the new entity Victory Capital, and the historical accounting price of Amundi US that the Group contributed to Victory Capital.

As in the other half-years, the reported net income includes various non-cash expenses as well as integration costs related to the partnership with Victory Capital, finalised on 1 April 2025. Finally, Victory Capital’s contribution also includes a number of expenses, including the amortisation of intangible assets. See the details of all these elements in p. 17).

Accounting earnings per share in the first half of 2025 was €4.86, including the capital gain and the exceptional tax contribution in France.

Second quarter 2025 results

The quarterly series have been restated as if Amundi US had been consolidated using the 100% equity method up to and including the first quarter of 2025. In the second quarter, following the finalisation of the partnership with Victory Capital, the contribution of Amundi US was replaced by the consolidation under the equity method of the Group share (26%) in Victory Capital, with a one-quarter lag in publication (integration for the second quarter 2025 of the net income published by Victory Capital in the first quarter of 2025).

Q2/Q2 decline in profit before tax³due to performance fees and financial revenues

Adjusted data³

The results include aixigo, acquisition of which was finalised in early November 2024.

Adjusted net revenues³ totalled €790m, down -1.0% compared to the second quarter of 2024 pro forma⁴, but business-related revenues, management fees and technology revenues, were up:

Net Management Fees grew by +1.2% compared to the second quarter of 2024 pro forma⁴, at €717m, thanks to the increase in average assets under management² over the same period, despite the unfavourable effect of the product mix on margins and the negative impact of the depreciation of the US dollar, which is the currency of approximately 25% of invested assets²; compared to the first quarter of 2025 pro forma⁴, two-thirds of the decline in these fees are explained by the fall in the US dollar;
Amundi Technology’s revenues, at €26m, continued their sustained growth (+46.2% compared to the second quarter of 2024), amplified by the consolidation of aixigo (+€3m); excluding aixigo, these revenues were up +30% organically;
Performance fees were down due to market volatility (28.9% compared to the second quarter of 2024 pro forma⁴), but they are higher than in the first quarter on a pro forma basis⁴ (+53,5%);
Financial revenues (-47.2%) were down due to the fall in short-term rates in the euro zone over the period.

Adjusted operating expenses³ are under control at €417m, i.e. +1,6% compared to the second quarter of 2024 pro forma⁴ and were stable excluding aixigo, reflecting the Group’s operational efficiency. Investments in the development initiatives of the Ambitions 2025 plan continued, particularly in technology, third-party distribution and Asia.

The cost-income ratio at 52,7% on an adjusted data basis³ is in line with the Ambitions 2025 objective (<53%).

The optimisation plan, which was announced in the first quarter, has been launched and will finance the acceleration of investments by generating between €35 and €40m in savings from 2026. The first concrete announcements were made in the second quarter, including the merger between CPR and BFT to create a leader in asset management in France within the Group, with around €100bn in assets under management. The restructuring costs of this plan will be recorded for an amount of €70 to 80m¹⁴in the second half of the year.

The Adjusted gross operating income³(GOI) amounted to €374m, down -3,8% compared to the second quarter of 2024 pro forma⁴.

The contribution of JVs¹⁵, at €38m (+16.6%), increased strongly thanks to the growth in activity and management fees of the main contributing entity, the Indian JV SBI MF (+19%), as well as the good profitability of the JV in China ABC-CA.

The adjusted contribution³of the U.S. operations, accounted for like JVs under the equity method, reflects for the first time this quarter the contribution of Victory Capital to the group share (26%), at €26m. As explained, this figure corresponds to Victory Capital’s first quarter result due to the publication lag, and therefore does not yet take into account the synergies that were announced as part of the combination with Amundi US ($110m at 100%, full-year before tax) and of which $50m were realised at the time of the finalisation of the partnership on 1 April 2025. The comparison with Amundi US’s contribution to Group net income in the second quarter of 2024 (€32m), which also included positive non-recurring items, is therefore not relevant. In addition, the average US dollar fell by -5% year-on-year, also weighing on this contribution.

Adjusted income before tax³reached €437m, down -1.8% compared to the second quarter of 2024 pro forma⁴.

The adjusted corporate tax expense³ of the second quarter of 2025 reached -€104m, up +9% compared to the second quarter of 2024 pro forma⁴.

In France, in accordance with the Finance Act for 2025, an exceptional tax contribution is recorded in the 2025 fiscal year. It is calculated on the average of the profits made in France in 2024 and 2025. This exceptional contribution is estimated¹⁶ at -€72m for the full year, is not accounted for on a straight-line basis. It amounted to -€9m in the second quarter of 2025, compared to -€46m in the first quarter. Excluding this exceptional contribution, the adjusted tax expense³ would have been -€95m and the adjusted³ effective tax rate 25.4%, equivalent to that of the second quarter of 2024 pro forma⁴.

Adjusted net income³ was €334m. Excluding the exceptional tax contribution, it would have been €343m.

Adjusted³earnings per share in the second quarter of 2025 achieved €1.63, including -4 cents related to the exceptional tax contribution in France.

Accounting data in the second quarter of 2025

Accounting net income group share amounted to €715m. It includes the non-cash capital gain of €402m related to the completion of the partnership with Victory Capital.

As in the previous quarters, reported net income includes various non-cash expenses as well as integration costs related to the partnership with Victory Capital, finalised on 1 April 2025. Finally, Victory Capital’s contribution also includes a number of expenses, including the amortisation of intangible assets. See the details of all these elements in p. 17).

Accounting earnings per share in the second quarter of 2025 reached €3.48, including the capital gain on the Victory Capital transaction and the exceptional tax contribution in France.

A solid financial structure, €1.3bn in surplus capital

Tangible equity¹⁷ amounted to €4.3bn as at 30 June 2025, down slightly compared to the end of 2024 due to the payment of dividends (-€0.9bn) for the fiscal year 2024 and the impact of foreign exchange (-€0.2bn), most of which were offset by accounting net income for the first half of the year, including the capital gain related to this transaction (+€1.0bn), including the capital gain related to the partnership with Victory Capital (+€0.4bn).

As indicated at the time of signing in July 2024, the partnership with Victory Capital did not have a significant effect on the CET1 ratio.

The capital surplus at the end of the first quarter stood at €1.3bn.

In a press release dated 4 July, the rating agency FitchRatings confirmed Amundi’s A+ issuer rating¹⁸ with a stable outlook, the best in the sector.

* * * * *

APPENDICES

Adjusted income statement³of the first half of 2025

(M€)	H1 2025	H1 2024*	% ch. H1/H1*

Net revenue – adjusted	1,703	1,623,	+4.9%
Management fees	1,542	1,475	+4.6%
Performance fees	58	66	-13.2%
Technology	52	35	+48.0%
Financial income and other revenues	52	47	+10.4%
Operating expenses – adjusted	(894)	(849)	+5.3%
Cost/income ratio – adjusted (%)	52.5%	52.3%	+0.2pp
Gross operating income – adjusted	808,	773,	+4.5%
Cost of risk & others	(6)	(8)	-28.7%
Equity-accounted companies – JVs	66	61	+7.1%
Equity-accounted companies – Adjusted Victory Capital	26	32	-16.8%
Income before tax – adjusted	895	858,	+4.2%
Corporate tax – adjusted	(259)	(192)	+35.0%
Non-controlling interests	2	1	+88.1%
Net income group share – adjusted	638,	668,	-4.5%
Amortization of intangible assets after tax	(28)	(32)	-10.8%
Integration costs and amortisation of the PPA after tax	(7)	0	NS
Victory Capital adjustments (after tax, on a co-payment basis)	(7)	0	NS
Victory Capital Capital Capital Gain, after tax	402	0	NS
Net income group share	998	636	+56.9%
Earnings per share (€)	4.86	3.11	+56.3%
Earnings per share – adjusted (€)	3.11	3.26	-4.8%

* Quarterly series have been restated as if Amundi US had been consolidated using the 100% equity method up to and including Q1 2025; in H1 2025 no restatement was applied and Amundi US is therefore fully consolidated in Q1 2025, and H1 2024 was restated accordingly, ie as if Amundi US had been fully integrated in Q1 2024 and equity-accounted in Q2 2024.

Adjusted income statement³of the second quarter

(M€)	Q2 2025	Q2 2024*	% var. T2/T2*	Q1 2025*	% ch. Q2/Q1*

Net revenue – adjusted	790	799	-1.0%	823	-3.9%
Management fees	717	709	+1.2%	737	-2.7%
Performance fees	35	49	-28.9%	23	+53.5%
Technology	26	17	+49.8%	26	+0.7%
Financial income & other revenues	12	23	-47.2%	37	-66.9%
Operating expenses – adjusted	(417)	(410)	+1.6%	(416)	+0.2%
Cost/income ratio – adjusted (%)	52,7%	51,4%	+1.4pp	50.6%	+2.2pp
gross operating income – adjusted	374	388	-3.8%	407	-8.1%
Cost of risk & others	(1)	(8)	-82.4%	(4)	-67.4%
Equity-accounted companies – JVs	38	33	+16.6%	28	+38.6%
Equity-accounted companies – Adjusted Victory Capital	26	32	-16.8%	22	+21.2%
Income before tax – adjusted	437	445	-1.8%	452	-3.3%
Corporate tax – adjusted	(104)	(95)	+9.0%	(149)	-30.6%
Non-controlling interests	1	0	NS	1	+32.6%
Net income group share – adjusted	334	350	-4.5%	303	+10.2%
Amortization of intangible assets after tax	(15)	(17)	-13.7%	(14)	+8.8%
Integration costs and amortisation of the PPA after tax	(1)	0	NS	(3)	-78.2%
Victory Capital adjustments (after tax, on a co-payment basis)	(7)	0	NS	(4)	+62.2%
Victory Capital Capital Capital Gain, after tax	402	0	NS	0	NS
Net income group share	715	333	NS	283	NS
Earnings per share (€)	3.48	1.63	NS	1.38	NS
Earnings per share – adjusted (€)	1.63	1.71	-4.8%	1.48	+10.2%

* Quarterly series have been restated as if Amundi US had been consolidated using the 100% equity method up to and including Q1 2025; In H1 2025 no restatement was applied and Amundi US is therefore fully consolidated in Q1 2025, and H1 2024 was restated accordingly, ie as if Amundi US had been fully integrated in Q1 2024 and equity-accounted in Q2 2024.

Pro Forma Historical Series³Adjusted⁴– First semester

(m€)	H1 2025	H1 2024	-Contrib. Amundi US T2 2024	H1 2024 pro forma	% ch. 25/24	% ch. 25/24 pro forma

Net management fees	1,542	1,560	85	1,475	-1.2%	-1.4%
Performance fees	58	67	1	66	-14.1%	-13.6%
Net asset management revenues	1,599	1,627	86	1 541	-1.7%	-1.9%
Technology	52	35	0	35	+48.0%	+48.0%
financial income & other revenues	12	6	3	3	NS	NS
Financial income & other revenues – adjusted	52	50	3	47	+4.1%	+6.6%
Net revenue (a)	1,663	1 667	89	1,578	-0.3%	-0.3%
Net revenue – adjusted (b)	1,703	1 711	89	1,623	-0.5%	-0.6%
Operating expenses (c)	(905)	(900)	(51)	(849)	+0.6%	-1.4%
Operating expenses – adjusted (d)	(894)	(900)	(51)	(849)	-0.6%	-2.0%
Gross operating income (e)=(a)+(c)	758	767	38	729	-1.2%	+0.9%
Gross operating income – adjusted (f)=(b)+(d)	808	811	38	773	-0.4%	+0.9%
Cost/income ratio (%) -(c)/(a)	54.4%	54.0%	57.2%	53.8%	0.44pp	-0.56pp
Cost/income ratio – adjusted (%) -(d)/(b)	52.5%	52.6%	57.2%	52.3%	-0.06pp	-0.72pp
Cost of risk & others (g)	397	(5)	3	(8)	NS	NS
Cost of risk & others – adjusted (h)	(6)	(5)	3	(8)	+16.4%	-29.7%
Equity-accounted companies – JV (i)	66	61		61	+7.1%	+7.1%
Equity-accounted companies – US operations (j)	20	0	(32)	32	NS	+18.1%
Equity-accounted companies – U.S. operations – adjusted (k)	26	0	(32)	32	NS	+51.8%
Income before tax (l)=(e)+(g)+(i)+(j)	1,240	824	9	814	+50.6%	+51.8%
Income before tax – adjusted (m)=(f)+(h)+(i)+(k)	895	868	9	858	+3.1%	+3.5%
Corporate tax (n)	(245)	(189)	(9)	(179)	+29.6%	+33.8%
Corporate tax – adjusted (o)	(259)	(201)	(9)	(192)	+28.8%	+32.0%
Non-controlling interests (p)	2	1	0	1	+88.1%	+88.1%
Net income group share (q)=(l)+(n)+(p)	998	636	0	636	+56.9%	+56.9%
Net income group share – adjusted (r)=(m)+(o)+(p)	638	668	0	668	-4.5%	-4.5%

Earnings per share (€)	4.86	3.11		3.11	+56.3%	+56.3%
Earnings per share – adjusted (€)	3.11	3.26		3.26	-4.8%	-4.8%

Pro Forma Historical Series³Adjusted⁴– Quarters 2024-2025

(m€)	Q2 2025	Q2 2024	-Contrib. Amundi US Q2 2024	Q2 2024 pro forma	% ch. T2/T2	% var. Q2/Q2 pro forma	Q1 2025*	-Contrib. Amundi US T1 2025	Q1 2025 pro forma	% ch. T2/T1	% var. Q2/Q1 pro forma
Net management fees	717	794	85	709	-9.7%	+1.2%	824	88	737	-13.0%	-2.7%
Performance fees	35	50	1	49	-29.9%	-28.9%	23	0	23	+52.0%	+53.5%
Net asset management revenues	752	844	86	758	-10.9%	-0.8%	847	88	760	-11.2%	-1.0%
Technology	26	17	0	17	+49.8%	+49.8%	26	0	26	+0.7%	+0.7%
Financial income and other revenues	(7)	3	3	(0)	NS	NS	19	2	18	NS	NS
Financial income and other revenues – adjusted	12	26	3	22	-52.9%	-43.7%	39	2	37	-68.4%	-66.9%
Net income (a)	771	864	89	775	-10.8%	-0.6%	892	90	803	-13.7%	-4.0%
Net income – adjusted (b)	790	887	89	799	-10.9%	-1.0%	912	90	823	-13.4%	-3.9%
Operating expenses (c)	(418)	(461)	(51)	(410)	-9.2%	+2.0%	(486)	(67)	(419)	-14.0%	-0.2%
Operating expenses – adjusted (d)	(417)	(461)	(51)	(410)	-9.6%	+1.6%	(478)	(62)	(416)	-12.8%	+0.2%
Gross Operating Income (e)=(a)+(c)	352	403	38	365	-12.6%	-3.5%	406	22	384	-13.3%	-8.2%
Rross operating income – adjusted (f)=(b)+(d)	374	426	38	388	-12.4%	-3.8%	434	28	407	-14.0%	-8.1%
Cost/income ratio (%) -(c)/(a)	54.3%	53.4%	57.2%	52.9%	0.95pp	1.38pp	54.5%	75.0%	52.2%	-0.20pp	2.08pp
Cost/income ratio – adjusted (%) -(d)/(b)	52.7%	51.9%	57.2%	51.4%	0.79pp	1.37pp	52.4%	69.0%	50.6%	0.35pp	2.16pp
Cost of risk & others (g)	401	(5)	3	(8)	NS	NS	(4)	(0)	(4)	NS	NS
Cost of Risk & Other – adjusted (h)	(1)	(5)	3	(8)	-71.0%	-82.4%	(4)	(0)	(4)	-67.9%	-67.4%
Equity-accounted companies – JV (i)	38	33	0	33	+16.6%	+16.6%	28	0	28	+38.6%	+38.6%
Equity-accounted companies – US operations (j)	20	0	(32)	32	NS	-37.7%	0	(18)	18	NS	+11.7%
Equity-accounted companies – U.S. operations – adjusted (k)	26	0	(32)	32	NS	-16.8%	0	(22)	22	NS	+21.2%
Profit before tax (l)=(e)+(g)+(i)+(j)	811	431	9	421	+88.3%	+92.5%	429	5	425	+89.0%	+91.0%
Profit before tax – adjusted (m)=(f)+(h)+(i)+(k)	437	454	9	445	-3.8%	-1.8%	458	10	452	-4.5%	-3.3%
Corporate tax (n)	(97)	(98)	(9)	(89)	-0.5%	+10.1%	(147)	(5)	(143)	-33.7%	-31.6%
Corporate tax – adjusted (o)	(104)	(105)	(9)	(95)	-0.8%	+9.0%	(155)	(6)	(149)	-33.2%	-30.6%
Non-controlling interests (p)	1	0	0	0	NS	NS	1	0	1	+32.6%	+32.6%
Net income group share (q)=(l)+(n)+(p)	715	333	0	333	NS	NS	283	0	283	NS	NS
Net income group share – adjusted (r)=(m)+(o)+(p)	334	350	0	350	-4.5%	-4.5%	303	0	303	+10.2%	+10.2%

Earnings per share (€)	3.48	1.63		1.63	NS	NS	1.38		1.38	NS	NS
Earnings per share – adjusted (€)	1.63	1.71		1.71	-4.8%	-4.8%	1.48		1.48	+10.2%	+10.2%

Definition of assets under management

Assets under management and net inflows including assets under advisory and marketed and funds of funds, including 100% of assets under management and net inflows from Asian JVs; for Wafa Gestion in Morocco, assets under management and net inflows are taken over by Amundi in the capital of the JV

Evolution of assets under management from the end of 2021 to the end of June 2025

(€bn)	*Assets under management*	*Collection* *Net*	*Market and exchange rate effect*	*Scope* *effect*			*Change in assets under management* *vs. prior quarter*
As of 31/12/2021	2,064					+14%¹⁹
Q1 2022		+3.2	-46.4		–
As of 31/03/2022	2,021					-2.1%
Q2 2022		+1.8	-97.7		–
As of 30/06/2022	1,925					-4.8%
Q3 2022		-12.9	-16.3		–
As of 30/09/2022	1,895					-1.6%
Q4 2022		+15.0	-6.2		–
As of 31/12/2022	1,904					+0.5%
Q1 2023		-11.1	+40.9		–
As of 31/03/2023	1,934					+1.6%
Q2 2023		+3.7	+23.8		–
As of 31/06/2023	1,961					+1.4%
Q3 2023		+13.7	-1.7		–
As of 30/09/2023	1,973					+0.6%
Q4 2023		+19.5	+63.8		-20
As of 31/12/2023	2,037					+3.2%
Q1 2024		+16.6	+62.9		–
As of 31/03/2024	2,116					+3.9%
Q2 2024		+15.5	+16.6		+7.9
30/06/2024	2,156					+1.9%
Q3 2024		+2.9	+32.5		–
30/09/2024	2,192					+1.6%
Q4 2024		+20.5	+28.1		–
31/12/2024	2,240					+2.2%
Q1 2025		+31.1	-24.0		–
31/03/2025	2,247					+0.3%
Q2 2025		+20.4	+10.1		-10.6
30/06/2025	2,267					+0.9%

Total over one year between 30 June 2024 and 30 June 2025: +5.2%

Net inflows +€74.9bn
Market effect +€108.8bn
Forex effect -€62.1bn
Scope effects -€10.6bn
(Q2 2025 effect of the exit of Amundi US assets under management from Amundi US and the acquisition of 26% of Victory Capital assets under management in the US, the acquisition of aixigo has no effect on assets under management)

Details of assets under management and net inflows by client segments²⁰

(€bn)	AuM 30.06.2025	AuM 30.06.24	% change /30.06.24	Q2 2025 inflows	Q2 2024 inflows	H1 2025 inflows	H1 2024 inflows
Networks France	139	133	+4.3%	-0.7	-2.4	-0.5	-0.9
International networks	161	165	-2.5%	-2.9	-0.8	-5.6	-2.8
Of which Amundi BOC WM	3	3	-15.0%	+0.7	+0.4	+1.0	+0.1
Third-Party Distributors	350	359	-2.5%	+5.0	+5.4	+13.3	+12.4
Retail	650	658	-1.1%	+1.4	+2.2	+7.2	+8.7
Institutional & Sovereigns (*)	548	520	+5.4%	+1.7	+1.1	+31.8	+10.7
Corporates	107	108	-1.4%	-3.7	-3.9	-14.0	-8.1
Company savings	101	90	+12.8%	+4.9	+3.8	+4.0	+2.9
CA & SG Insurers	445	424	+4.8%	+5.9	+0.8	+9.4	+1.7
Institutional	1,201	1,142	+5.1%	+8.7	+1.7	+31.2	+7.3
JVs	359	356	+0.6%	+10.3	+11.6	+13.2	+16.1
Victory- US distribution	58	0	NS	-0.0	0.0	-0.0	0.0
Total	2,267	2,156	+5.2%	+20.4	+15.5	+51.6	+32.1

(*) Including funds of funds

Details of assets under management and net inflows by asset classes²⁰

(€bn)	AuM 30.06.2025	AuM 30.06.2024	% change /30.06.2024	Q2 2025 inflows	Q2 2024 inflows	H1 2025 inflows	H1 2024 inflows
Actions	556	515	+8.0%	+6.9	+3.2	+33.3	+0.7
Diversified	270	282	-4.3%	+0.1	+0.7	-0.9	-6.9
Obligations	737	706	+4.3%	+6.6	+10.1	+20.9	+24.0
Real, alternative, and structured	108	112	-4.0%	-2.5	+1.0	-5.2	+0.7
TOTAL MLT ASSETS excl. JV & US Distribution	1,671	1,616	+3.4%	+11.1	+15.1	+48.0	+18.5
Treasury products excl. JVs & US Distribution	180	184	-2.1%	-1.0	-11.2	-9.6	-2.5
TOTAL ASSETS excl. JV & US Distribution	1,851	1,800	+2.8%	+10.2	+3.9	+38.4	+16.0
JVs	359	356	+0.6%	+10.3	+11.6	+13.2	+16.1
Victory-distribution US	58	0	NS	-0.0	0.0	-0.0	0.0
TOTAL	2,267	2,156	+5.2%	+20.4	+15.5	+51.6	+32.1
*Of which MLT assets*	*2,051*	*1,938*	*+5.8%*	*+16.5*	*+23.7*	*+56.3*	*+31.5*
*Of which treasury products*	*216*	*218*	*-0.9%*	*+3.9*	*-8.3*	*-4.7*	*+0.6*

Details of assets under management and net inflows by type of management and asset classes²⁰

(€bn)	AuM 30.06.2025	AuM 30.06.24	% change /30.06.24	Q2 2025 inflows	Q2 2024 inflows	H1 2025 inflows	H1 2024 inflows
Active management	1,118	1,122	-0.4%	+2.9	+8.0	+9.1	+9.3
Equities	196	207	-5.4%	-0.8	-0.4	-4.8	-3.1
Multi-assets	261	272	-3.8%	+0.0	+0.3	-0.9	-7.7
Bonds	661	643	+2.7%	+3.7	+8.1	+14.9	+20.2
Structured products	41	42	-0.3%	-1.4	+1.3	-3.5	+1.9
Passive management	446	382	+16.7%	+10.7	+6.0	+44.2	+8.5
ETFs & ETC	288	237	+21.2%	+8.2	+4.5	+18.6	+9.5
Index & Smart beta	158	144	+9.2%	+2.5	+1.5	+25.6	-1.0
Real & Alternative Assets	67	71	-6.2%	-1.0	-0.3	-1.8	-1.2
Real assets	63	67	-5.4%	-0.6	-0.1	-1.2	-0.3
Alternative	4	4	-18.4%	-0.4	-0.2	-0.5	-1.0
TOTAL MLT ASSETS excl. JV & US Distribution	1,671	1,616	+3.4%	+11.1	+15.1	+48.0	+18.5
Treasury products excl. JVs & US Distribution	180	184	-2.1%	-1.0	-11.2	-9.6	-2.5
TOTAL ASSETS excl. JV & US Distribution	1,851	1,800	+2.8%	+10.2	+3.9	+38.4	+16.0
JVs	359	356	+19.8%	+11.6	-0.9	+16.1	-1.7
Victory-US Distribution	58	0,	NS	-0.0	0.0,	-0.0	0.0,
TOTAL	2,267	2,156	+5.2%	+20.4	+15.5	+51.6	+32.1
*Of which MLT assets*	*2,051*	*1,938*	*+5.8%*	*+16.5*	*+23.7*	*+56.3*	*+31.5*
*Of which treasury products*	*216*	*218*	*-0.9%*	*+3.9*	*-8.3*	*-4.7*	*+0.6*

Details of assets under management and net inflows by geographic area²⁰

(€bn)	AuM 30.06.2025	AuM 30.06.2024	% change /30.06.2024	Q2 2025 inflows	Q2 2024 inflows	H1 2025 inflows	H1 2024 inflows
France	1,028	971	+5.9%	+8.7	+0.0	+9.3	+10.0
Italy	199	207	-3.9%	-1.4	-1.8	-3.4	-2.9
Europe excluding France & Italy	461	406	+13.6%	-1.0	+0.1	+22.8	+4.1
Asia	460	451	+2.0%	+13.8	+15.4	+21.6	+22.3
Rest of the world	119	121	-1.5%	+0.3	+1.7	+1.3	-1.3
TOTAL	2,267	2,156	+5.2%	+20.4	+15.5	+51.6	+32.1
*TOTAL outside France*	1,239	1,185	+4.6%	+11.7	+15.5	+42.3	+22.1

Methodological Annex – Alternative Performance Indicators (APIs)

Accounting and adjusted data

Accounting data – These include

the amortisation of intangible assets, recorded in other revenues, and from Q2 2024, other non-cash expenses spread according to the schedule of price adjustment payments until the end of 2029; these expenses are recognised as deductions from net revenues, in financial expenses.
integration costs related to the transaction with Victory Capital and PPA amortization related to the acquisition of aixigo are recognized in the fourth quarter of 2024 and in the first quarter of 2025 as operating expenses. No such costs were recorded in the first nine months of 2024.

The aggregate amounts of these items are as follows for the different periods under review:

Q1 2024: -€20m before tax and -€15m after tax
H1 2024: -€44m before tax and -€28m after tax
Q4 2024: -€38m before tax and -€28m after tax
Q1 2025: -€29m before tax and -€20m after tax
Q2 2025: -€28m before tax and -€22m after tax + €402m of capital gain (not taxable)
H1 2025: -€57m before tax and -€42m after tax + €402m of capital gain (not taxable)

Adjusted data – In order to present an income statement that is closer to economic reality, the following adjustments have been made: restatement of the amortization of distribution agreements with Bawag, UniCredit and Banco Sabadell, intangible assets representing the client contracts of Lyxor and, since the second quarter of 2024, Alpha Associates, as well as other non-cash expenses related to the acquisition of Alpha Associates; These depreciation and amortization and non-cash expenses are recognized as a deduction from net revenues; restatement of the amortization of a technology asset related to the acquisition of AIXIGO recognized in operating expenses. The integration costs for the transaction with Victory Capital are also restated.

Partnership with Victory Capital

Victory Capital adjusts its US GAAP accounts to better reflect the Group’s economic performance. These US GAAP to Non-GAAP adjustments include, with the figures for the first quarter of 2025 included in Amundi’s financial statements for the second quarter of 2025, the amortisation of intangible assets and other acquisition-related charges, certain business tax, stock-based compensation, acquisition, restructuring and exit costs, Debt issuance costs and the tax benefit of goodwill and acquired intangible assets.

Alternative Performance Indicators²¹

In order to present an income statement that is closer to economic reality, Amundi publishes adjusted data that are calculated in accordance with the methodological appendix presented above.

The adjusted data can be reconciled with the accounting data as follows:

= accounting data

= adjusted data

(M€)	H1 2025	H1 2024*	Q2 2025	Q2 2024	Q2 2024*	Q1 2025	Q1 2025*


Net revenue (a)	1,663	1,578	771	864	775	892	803
– Amortisation of intangible assets (bef. Tax)	(37)	(43)	(18)	(22)	(22)	(18)	(18)
– Other non-cash charges related to Alpha Associates	(3)	(1)	(1)	(1)	(1)	(1)	(1)
Net revenue – adjusted (b)	1,703	1, 623	790	887	799	912	823

Operating expenses (c)	(905)	(849)	(418)	(461)	(410)	(486)	(419)
– Integration costs (bef. tax)	(7)	0	0	0	0	(7)	(2)
– Amortisation related to aixigo PPA (bef. Tax)	(4)	0	(2)	0	0	(2)	(2)
Operating expenses – adjusted (d)	(894)	(849)	(417)	(461)	(410)	(478)	(416)

Gross operating income (e)=(a)+(c)	758	729	352	403	365	406	384
Gross operating income – adjusted (f)=(b)+(d)	808	773	374	426	388	434	407
Cost / Income ratio (%) -(c)/(a)	54.4%	53.8%	54.3%	53.4%	52.9%	54.5%	52.2%
Cost / Income ratio, adjusted (%) -(d)/(b)	52.5%	52.3%	52.7%	51.9%	51.4%	52.4%	50.6%
Cost of risk & others (g)	397	(8)	401	(5)	(8)	(4)	(4)
Cost of risk & others – Adjusted (h)	(6)	(8)	(1)	(5)	(8)	(4)	(4)
Share of net income from JVs (i)	66	61	38	33	33	28	28
Share of net income from Victory Capital (j)	20	32	20	0	32	0	18
Share of net income from Victory Capital – Adjusted (k)	26	32	26	0	32	0	22
Income before tax (l)=(e)+(g)+(i)+(j)	1,240	814	811	431	421	429	425
Income before tax – adjusted (m)=(f)+(h)+(i)+(k)	895	858	437	454	445	458	452
Corporate tax (m)	(245)	(179)	(97)	(98)	(89)	(147)	(143)
Corporate tax – adjusted (n)	(259)	(192)	(104)	(105)	(95)	(155)	(149)
Non-controlling interests (o)	2	1	1	0	0	1	1
Net income group share (q)=(l)+(n)+(p)	998	636	715	333	333	283	283
Net income group share – adjusted (r)=(m)+(o)+(p)	638	668	334	350	350	303	303

Earnings per share (€)	4.86	3.11	3.48	1.63	1.63	1.38	1.38
Earnings per share – adjusted (€)	3.11	3.26	1.63	1.71	1.71	1.48	1.48

Shareholding

	30 June 2025		31 March 2025		31 December 2024		30 June 2024
(units)	Number of shares	% of capital	Number of shares	% of capital	Number of shares	% of capital	Number of shares	% of capital
Crédit Agricole Group	141,057,399	68.67%	141,057,399	68.67%	141,057,399	68.67%	141,057,399	68.93%
Employees	4,398,054	2.14%	4,128,079	2.01%	4,272,132	2.08%	2,879,073	1.41%
Self	1,625,258	0.79%	1,961,141	0.95%	1,992,485	0.97%	963,625	0.47%
Floating	58,338,551	28.40%	58,272,643	28.37%	58,097,246	28.28%	59,747,537	29.20%

Number of equities at the end of the period	205,419,262	100.0%	205,419,262	100.0%	205,419,262	100.0%	204,647,634	100.0%
Average number of equities since the beginning of the year	205,419,262	–	205,419,262	–	204,776,239	–	204,647,634	–
Average number of equities quarter-to-date	205,419,262	–	205,419,262	–	205,159,257	–	204,647,634	–

Average number of shares prorata temporis.

The average number of shares was unchanged between Q1 2025 and Q2 2025 and increased by +0.4% between Q2 2024 and Q2 2025.
A capital increase reserved for employees was recorded on 31 October 2024. 771,628 shares were created (approximately 0.4% of the share capital before the transaction).
Amundi announced on 7 October 2024 a buyback program of up to 1 million shares (i.e. ~0.5% of the share capital before the transaction) to cover performance shares plans, which was finalised on 27 November 2024.

Financial communication calendar

Tuesday 28 October 2025: Q3 and 9-month 2025 results
Fourth quarter 2025: new medium-term strategic plan

About Amundi

Amundi, the leading European asset manager, ranking among the top 10 global players²², offers its 100 million clients – retail, institutional and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages close to €2.3 trillion of assets²³.

With its six international investment hubs²⁴, financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

Amundi clients benefit from the expertise and advice of 5,500 employees in 35 countries.

Amundi, a trusted partner, working every day in the interest of its clients and society

www.amundi.com

Press contacts:
Natacha Andermahr
Tel. +33 1 76 37 86 05
natacha.andermahr@amundi.com

Corentin Henry
Tel. +33 1 76 36 26 96
corentin.henry@amundi.com

Investor contacts:
Cyril Meilland, CFA
Tel. +33 1 76 32 62 67
cyril.meilland@amundi.com

Thomas Lapeyre
Tel. +33 1 76 33 70 54
thomas.lapeyre@amundi.com

Annabelle Wiriath

Tel. + 33 1 76 32 43 92

annabelle.wiriath@amundi.com

DISCLAIMER

This document does not constitute an offer or invitation to sell or purchase, or any solicitation of any offer to purchase or subscribe for, any securities of Amundi in the United States of America or in France. Securities may not be offered, subscribed or sold in the United States of America absent registration under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements thereof. The securities of Amundi have not been and will not be registered under the U.S. Securities Act and Amundi does not intend to make a public offer of its securities in the United States of America or in France.

This document may contain forward looking statements concerning Amundi’s financial position and results. The data provided do not constitute a profit “forecast” or “estimate” as defined in Commission Delegated Regulation (EU) 2019/980.

These forward looking statements include projections and financial estimates based on scenarios that employ a number of economic assumptions in a given competitive and regulatory context, assumptions regarding plans, objectives and expectations in connection with future events, transactions, products and services, and assumptions in terms of future performance and synergies. By their very nature, they are therefore subject to known and unknown risks and uncertainties, which could lead to their non-fulfilment. Consequently, no assurance can be given that these forward looking statement will come to fruition, and Amundi’s actual financial position and results may differ materially from those projected or implied in these forward looking statements.

Amundi undertakes no obligation to publicly revise or update any forward looking statements provided as at the date of this document. Risks that may affect Amundi’s financial position and results are further detailed in the “Risk Factors” section of our Universal Registration Document filed with the French Autorité des Marchés Financiers. The reader should take all these uncertainties and risks into consideration before forming their own opinion.

The figures presented have been subject to a limited review from the statutory auditors and have been prepared in accordance with applicable prudential regulations and IFRS guidelines, as adopted by the European Union and applicable at that date.

Unless otherwise specified, sources for rankings and market positions are internal. The information contained in this document, to the extent that it relates to parties other than Amundi or comes from external sources, has not been verified by a supervisory authority or, more generally, subject to independent verification, and no representation or warranty has been expressed as to, nor should any reliance be placed on, the fairness, accuracy, correctness or completeness of the information or opinions contained herein. Neither Amundi nor its representatives can be held liable for any decision made, negligence or loss that may result from the use of this document or its contents, or anything related to them, or any document or information to which this document may refer.

The sum of values set out in the tables and analyses may differ slightly from the total reported due to rounding.

¹        See definition of assets under management p.14
²        Excluding JV and Victory Capital – US Distribution US, whose contributions are equity-accounted
³        Adjusted data: see p. 16
⁴        For explanations of pro forma variations, see p. 12 and 13
⁵        Source: IPE “Top 500 Asset Managers” published in June 2025
⁶        Including JV and Victory Capital – US Distribution
⁷        The inflows presented in this section are not cumulative, as they may overlap in part, for example an ETF sold to a third-party distributor in Asia.
⁸        Medium to Long-Term Assets, excluding JVs
⁹        Qualified Domestic Limited Partner, ie asset managers allowed to invest in overseas markets and raise Renminbi funds from domestic investors
¹⁰        See Third-Party Distribution Investor Workshop of 19 June 2025
¹¹        Source: Morningstar Direct, Broadridge FundFile – Open-ended funds and ETFs, global fund scope, March 2025; as a percentage of the assets under management of the funds in question; the number of Amundi open-ended funds rated by Morningstar was 1071 at the end of March 2025. © 2025 Morningstar, all rights reserved
¹²        Reflecting Amundi’s share of the net income of minority JVs in India (SBI FM), China (ABC-CA), South Korea (NH-Amundi) and Morocco (Wafa Gestion), accounted for by the equity method after tax
¹³        Under the assumption that the 2025 tax result in France will be equivalent to that of 2024 and before adjusting the average to take into account the final 2025 tax result
¹⁴        Currently being estimated
¹⁵        Reflecting Amundi’s share of the net income of minority JVs in India (SBI FM), China (ABC-CA), South Korea (NH-Amundi) and Morocco (Wafa Gestion), accounted for by the equity method after tax
¹⁶        Under the assumption that the 2025 tax result in France will be equivalent to that of 2024 and before adjusting the average to take into account the final 2025 tax result
¹⁷        Net equity minus goodwill and intangible assets
¹⁸        Long-Term Issuer Default Rating (IDR)
¹⁹        Lyxor, integrated as of 31/12/2021; sale of Lyxor Inc. in Q4 2023
²⁰        See definition of assets under management, p.14
²¹        See also the section 4.3 of the 2024 Universal Registration Document filed with the AMF on April 16, 2025 under number D25-0272
²²Source: IPE “Top 500 Asset Managers” published in June 2025, based on assets under management as at 31/12/2024
²³Amundi data as at 30/06/2025
²⁴Paris, London, Dublin, Milan, Tokyo and San Antonio (via our strategic partnership with Victory Capital)

Attachment

Amundi PR Results Q2 2025_EN

The MIL Network –

July 30, 2025

MIL-OSI Africa: Prime Minister and Minister of Foreign Affairs Participates in High-Level International Conference for Peaceful Settlement of Question of Palestine and Implementation of Two-State Solution

Source: Government of Qatar

New York, July 28

HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani participated on Monday in the plenary session of the High-Level International Conference for the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution, held in the United Nations General Assembly Hall in New York.

In Qatar’s statement to the plenary session, His Excellency said that this conference is being held at a critical moment for the region amid a horrific war waged by Israel on the Gaza Strip for two years and a worsening humanitarian tragedy affecting more than two million people, most of whom are women and children.

In one of the most brutal and heartbreaking moments of this tragedy, we witnessed scenes that are a disgrace to all of humanity – hungry civilians, who are exhausted by the blockade, and who get killed while standing in line waiting for a loaf of bread, a bag of flour, or a meal to feed their children, His Excellency noted.

He wondered: What future can be built on the bodies of the starving? And what peace can emerge in the midst of such hunger, humiliation, and killing?

HE the Prime Minister and Minister of Foreign Affairs explained that, in the face of this catastrophic situation, the State of Qatar has not hesitated to exert all its diplomatic efforts to stop the bloodshed of innocents, alleviate their suffering, and release prisoners and detainees.

He said that the State of Qatar, based on its firm position, condemns all forms of targeting civilians. It categorically rejects double standards. A human being is a human being, and a child is a child. None of us has the right to discriminate between innocents and their right to life on political or other grounds. The situation has reached the point of normalizing the use of starvation and targeting hospitals as a method of war, setting precedents that we cannot accept, otherwise it will become a normal practice in every conflict from now on.

His Excellency reiterated the State of Qatar’s categorical rejection of the use of food as a tool of pressure or a weapon in conflicts, and its condemnation in the strongest terms of the blockade and forced displacement policies practiced against innocent civilians, as well as the repeated targeting of hospitals, displacement centers, and vital facilities, in flagrant violation of international humanitarian law.

His Excellency noted that the mediation efforts undertaken by the State of Qatar, in partnership with the Arab Republic of Egypt and the United States of America, have yielded tangible results, represented by the entry of large quantities of aid and the release of hundreds of prisoners and detainees on both sides.

HE the Prime Minister and Minister of Foreign Affairs affirmed that, despite reoccurring obstacles and attempts to undermine the humanitarian track, efforts are ongoing to reach an immediate ceasefire, setting the stage to ending the crisis and launching recovery and reconstruction efforts. He stressed that this requires all parties to act responsibly and support mediation efforts.

His Excellency noted that the war against the Palestinian people in the Gaza Strip has not only caused unprecedented suffering for innocent civilians but has also undermined the credibility of international law and the universal values upon which the international community institutions were founded after World War II.

He added that it has also become clear that policies of force have failed and will continue to fail in eliminating the Palestinian cause.

All they have achieved is to worsen the situation with more tragedy, bitterness, a sense of injustice, and horrific scenes of death and destruction that will remain etched in the memory of people around the world, His Excellency continued.

The horrors of this war and its political failure prove that there is no alternative to a just and comprehensive settlement of the Palestinian cause, he said, adding that the key lies in acknowledging the historical injustice suffered by the Palestinian people and applying long-overdue justice, delayed for nearly eighty years.

The State of Qatar, based on its unwavering support for peace, affirms its full support for the objectives of this conference and its keenness to play an active role in ensuring its success and enhancing the chances of a peaceful solution in the Middle East, His Excellency said, noting that the State of Qatar co-chaired the conference’s third working group, which is concerned with the topic of “Narratives of Peace.”

His Excellency explained that this team addressed important topics and concluded with priority principles and proposals that contribute to the success of the conference’s overall objective. In order to create a conducive environment for achieving sustainable peace, there is a need to promote positive narratives that support peace between the two sides, based on rejecting violence, renouncing inflammatory rhetoric, and confronting attempts to dehumanize the other side, he added.

HE the Prime Minister and Minister of Foreign Affairs reaffirmed the State of Qatar’s steadfast position in support of a peaceful resolution to the Palestinian cause, in accordance with international law, UN resolutions, and the two-state solution, being the only viable option to end the conflict and achieve a comprehensive and just peace.

He added that from this standpoint, Qatar calls for a clear and unified international stance that opposes all practices that obstruct negotiations and the chances of achieving a just and lasting peace. In this context, His Excellency welcomed the recognition of the State of Palestine within the borders of June 4, 1967, encompassing the West Bank and Gaza Strip by several countries, describing such recognition as a crucial step toward achieving both regional and international peace and stability.

His Excellency also reiterated the State of Qatar’s welcome of the French Republic’s commitment to recognize the State of Palestine this coming September.

HE the Prime Minister and Minister of Foreign Affairs considered that the convening of this conference represents a collective international will to move from words to actions, and to genuinely contribute to advancing the peaceful resolution of the Palestinian Cause in all its dimensions.

His Excellency pointed out that the international community bears a key responsibility in creating the right conditions for a durable and just resolution, including restoring the relevance of international legitimacy following this devastating war, and providing the necessary political, economic, and humanitarian support.

HE the Prime Minister and Minister of Foreign Affairs expressed the State of Qatar’s hope that this conference will mark a turning point, leading to tangible commitments that go beyond declarations and stances, and paving the way for concrete steps toward the implementation of the two-state solution, which would guarantee a just, comprehensive, and lasting resolution to the conflict as well as contributing to peace, security, and stability throughout the region.

At the beginning of his statement, His Excellency expressed sincere appreciation to HE President of the French Republic Emmanuel Macron and HRH Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Prince Mohammed bin Salman bin Abdulaziz Al Saud, for their initiative in organizing this historic conference under the auspices of the United Nations, addressing one of the oldest unresolved peace and security issues and one of the last vestiges of colonial injustice still on the international agenda.

MIL OSI Africa –

July 30, 2025
MIL-OSI Africa: Prime Minister and Minister of Foreign Affairs Meets French Foreign Minister

Source: Government of Qatar

New York, July 28

HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani met Monday with HE Minister of Foreign Affairs of the French Republic Jean-Noel Barrot, on the sidelines of the High-Level International Conference for the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution, held in New York.

During the meeting, they discussed cooperation relations between the two countries, developments in the Gaza Strip and the occupied Palestinian territories, as well as ways to advance international efforts to resolve the Palestinian cause through peaceful means and the implementation of the two-state solution.

HE Prime Minister and Minister of Foreign Affairs reiterated, during the meeting, the State of Qatar’s firm position in support of the Palestinian issue until the brotherly Palestinian people regain all their legitimate rights.

His Excellency praised the efforts of the French Republic in organizing the conference in partnership with the sisterly Kingdom of Saudi Arabia and reiterated the State of Qatar’s welcome of the French President’s announcement of his country’s intention to recognize the State of Palestine.

MIL OSI Africa –

July 30, 2025
MIL-OSI Africa: Prime Minister and Minister of Foreign Affairs Meets Deputy Prime Minister of Lebanon

Source: Government of Qatar

New York, July 28

HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani met Monday with HE Deputy Prime Minister of the sisterly Republic of Lebanon Dr. Tarek Mitri, on the sidelines of the High-Level International Conference for the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution, held in New York.

During the meeting, they discussed cooperation relations between the two countries, the State of Qatar’s efforts in supporting Lebanon, developments in the Gaza Strip and the occupied Palestinian territories, as well as ways to advance international efforts to resolve the Palestinian issue by peaceful means and implement the two-state solution.

MIL OSI Africa –

July 30, 2025
MIL-OSI Africa: Minister of State at Ministry of Foreign Affairs Meets Under-Secretary of State at UK Foreign Office

Source: Government of Qatar

New York, July 28, 2025

HE Minister of State at the Ministry of Foreign Affairs Dr. Mohammed bin Abdulaziz bin Saleh Al Khulaifi met with HE Under-Secretary of State for the Middle East and North Africa at the UK Foreign, Commonwealth and Development Office Hamish Falconer, on the sidelines of the High-Level International Conference for the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution, held in New York.

During the meeting, they reviewed the bilateral cooperation relations between the two countries, the developments in the Gaza Strip and the occupied Palestinian territories, ways to advance international efforts toward a peaceful resolution of the Palestinian issue, and the implementation of the two-state solution. They also discussed key regional and international developments.

MIL OSI Africa –

July 30, 2025
Trump says many are starving in Gaza, vows to set up food centres

Source: Government of India

Source: Government of India (4)

U.S. President Donald Trump said on Monday many people were starving in Gaza and suggested Israel could do more on humanitarian access, as Palestinians struggled to feed their children a day after Israel declared steps to improve supplies.

As the death toll from two years of war in Gaza nears 60,000, a growing number of people are dying from starvation and malnutrition, Gaza health authorities say, with images of starving children shocking the world and fuelling international criticism of Israel over sharply worsening conditions.

Describing starvation in Gaza as real, Trump’s assessment put him at odds with Israeli Prime Minister Benjamin Netanyahu, who said on Sunday “there is no starvation in Gaza” and vowed to fight on against the Palestinian militant group Hamas – a statement he reposted on X on Monday.

However, Netanyahu later on Monday described the situation in Gaza as “difficult”, saying his country was working to ensure aid delivery to the besieged strip.

“Israel will continue to work with international agencies as well as the U.S. and European nations to ensure that large amounts of humanitarian aid flows into the Gaza Strip,” Netanyahu said, according to a statement from his office.

Trump, speaking during a visit to Scotland, said Israel has a lot of responsibility for aid flows, and that a lot of people could be saved. “You have a lot of starving people,” he said.

“We’re going to set up food centres,” with no fences or boundaries to ease access, Trump said. The U.S. would work with other countries to provide more humanitarian assistance to the people of Gaza, including food and sanitation, he said.

A White House spokesperson said additional details on the food centres would be “forthcoming.”

‘WHEN YOU GO TO BED HUNGRY, YOU WAKE UP HUNGRY’

On Monday, the Gaza health ministry said at least 14 people had died in the past 24 hours of starvation and malnutrition, bringing the war’s death toll from hunger to 147, including 88 children, most in just the last few weeks.

Israel announced several measures over the weekend, including daily humanitarian pauses to fighting in three areas of Gaza, new safe corridors for aid convoys, and airdrops. The decision followed the collapse of ceasefire talks on Friday.

Wessal Nabil from Beit Lahiya in northern Gaza described the struggle of trying to feed her three children. “When you go to bed hungry, you wake up hungry. We distract them with anything … to make them calm down,” she told Reuters.

“I call on the world, on those with merciful hearts, the compassionate, to look at us with compassion, to be kind to us, to stand with us until aid comes in and ensure it reaches us.”

Two Israeli defence officials said the international pressure prompted the new Israeli measures, as did the worsening conditions on the ground.

U.N. agencies said a long-term and steady supply of aid was needed. The World Food Programme said 60 trucks of aid had been dispatched – short of target. Almost 470,000 people in Gaza are enduring famine-like conditions, with 90,000 women and children in need of specialist nutrition treatments, it said.

“Our target at the moment, every day is to get 100 trucks into Gaza,” WFP Regional Director for the Middle East, North Africa and Eastern Europe, Samer AbdelJaber, told Reuters.

Jan Egeland, head of the Norwegian Refugee Council, told Reuters the situation is catastrophic.

“At this time, children are dying every single day from starvation, from preventable disease. So time has run out.”

Netanyahu has denied any policy of starvation towards Gaza, saying aid supplies would be kept up whether Israel was negotiating a ceasefire or fighting.

A spokesperson for COGAT, the Israeli military aid coordination agency, said Israel had not placed a time limit on the humanitarian pauses in its military operation, a day after U.N. aid chief Tom Fletcher said Israel had decided “to support a one-week scale-up of aid”.

“We hope this pause will last much longer than a week, ultimately turning into a permanent ceasefire,” Fletcher’s spokesperson, Eri Kaneko, said on Monday.

Netanyahu’s office did not immediately respond to a request for comment.

Compared to last week, U.N. spokesperson Farhan Haq said, there had only been a “small uptick” in the amount of aid being transported into Gaza since Israel started the humanitarian pauses.

TRUMP SAYS HAMAS DIFFICULT TO DEAL WITH

In his statement on Sunday, Netanyahu said Israel would continue to fight until it achieved the release of remaining hostages held by Hamas and the destruction of its military and governing capabilities.

Trump said Hamas had become difficult to deal with in recent days, but he was talking with Netanyahu about “various plans” to free hostages still held in the enclave.

The war began on October 7, 2023, when Hamas militants attacked communities across the border in southern Israel, killing some 1,200 people and taking another 251 hostage, according to Israeli tallies.

The Gaza health ministry said that 98 Palestinians have been killed by Israeli fire in the past 24 hours.

Some of the trucks that made it into Gaza were seized by desperate Palestinians, and some by armed looters, witnesses said.

The Hamas-run Gaza government said only 87 aid trucks entered the Gaza Strip on Monday, with the majority of trucks looted due to what it described as “direct and systematic Israeli complicity”.

“Currently aid comes for the strong who can race ahead, who can push others and grab a box or a sack of flour. That chaos must be stopped and protection for those trucks must be allowed,” said Emad, 58, who used to own a factory in Gaza City.

The WFP said it has 170,000 metric tons of food in the region, outside Gaza, which would be enough to feed the whole population for the next three months if it gets the clearance to bring into the enclave.

COGAT said more than 120 truckloads of aid were distributed in Gaza on Sunday by the U.N. and international organizations.

More aid was expected on Monday. Qatar said it had sent 49 trucks that arrived in Egypt en route for Gaza. Jordan and the United Arab Emirates airdropped supplies.

Israel cut off aid to Gaza from the start of March in what it said was a means to pressure Hamas into giving up dozens of hostages it still holds, and reopened aid with new restrictions in May. Hamas accuses Israel of using hunger as a weapon.

Israel says it abides by international law but must prevent aid from being diverted by militants, and blames Hamas for the suffering of Gaza’s people.

(Reuters)

July 30, 2025

MIL-OSI: Falcon Oil & Gas Ltd. – Notice of Annual General and Special Shareholder Meeting and Management Information Circular

Source: GlobeNewswire (MIL-OSI)

Falcon Oil & Gas Ltd.
(“Falcon”)

Notice of Annual General and Special Shareholder Meeting and Management Information Circular

29 July 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) will hold its Annual General and Special Shareholder Meeting at the Conrad Hotel, Earlsfort Terrace, Dublin 2, Ireland on 27 August 2025 at 11:00 a.m. (Dublin time). A complete notice and related documents are now available on SEDAR+ at www.sedarplus.ca and Falcon’s website at www.falconoilandgas.com and are being sent to shareholders of record as at 21 July 2025.

Ends.

For further information, please contact:

CONTACT DETAILS:

Falcon Oil & Gas Ltd.	+353 1 676 8702
Philip O’Quigley, CEO	+353 87 814 7042
Anne Flynn, CFO	+353 1 676 9162

Cavendish Capital Markets Limited (NOMAD & Broker)
Neil McDonald / Adam Rae	+44 131 220 9771

About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd. is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd. is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The MIL Network –

July 30, 2025

MIL-OSI Submissions: Africa – African Women in Business unveils Association to Boost Intra‑African Trade

Source: Media Fast

The network facilitated by the International Trade Centre (ITC) in partnership with the African Union Commission, brings together over 102 women business associations from six regions across Africa

Johannesburg, South Africa: July 29, 2025 -The Continental Network for Women’s Business Associations in Africa (CONWOBAA) aimed at promoting intra-African trade, was officially unveiled at the inaugural Global SME Ministerial Meeting held in Johannesburg, South Africa last week.

The game-changing initiative – facilitated by the International Trade Centre (ITC) in partnership with the African Union Commission and supported by the AWIP Pavilion under the framework of ITC’s SheTrades and One Trade Africa strategies, has brought together 102 women’s business associations from West Africa, North Africa, Indian Ocean, Central Africa, East Africa, and Southern Africa.

The Association also unveiled its leadership with South Africa’s Dimakatso Malwela, President of Women of Value South Africa (WOVSA) being elected the first Association’s chairperson. She will be deputized by Ms. Fanja Razakaboana, who is the President of the Madagascar Women Entrepreneurs Association (GFEM).

Kenya’s Laura Akunga Mwenje, who is the Founder and CEO of Benchmark Solutions Limited and the Chairperson of African Women Entrepreneurship Program (AWEP) Kenya and Secretariat, has been elected the treasurer of the Association, while Ms. Mabel Ibidun Quarshie – the Chief Executive Officer of Acquatic Foods Limited Ghana, will serve as the Association’s Secretary.

Other regional representatives on the Association’s Board include Ms. Sitti Abdallah Mshangama (Comoros), Ms. Brbara Banda (Malawi), Ms. Yomita El Sheridy (Egypt), Ms. Leila Belkhira Jaber (Tunisia), Dr. Blessing Irabor-Oza (Nigeria), Ms. Nicole Gakou Gomis (Senegal), Ms. Betty Mulanga Kadima (the Democratic Republic of Congo), Ms. Esther Omam (Cameroon), and Dr. Nigest Haile (Ethiopia).

“We are delighted to bring together women’s business associations from across Africa to advance intra‑African trade. This Network underpins ITC’s broader efforts through SheTrades and One Trade Africa to create real market access for women-led enterprises,” ITC Deputy Executive Director Dorothy Tembo said while unveiling the association’s leadership.

Addressing important challenges

In her acceptance remark, Ms. Malwela said the Association has the capacity to address important challenges facing women entrepreneurs across Africa.

“Women entrepreneurs face a multitude of challenges, primarily revolving around access to funding and financial resources, gender bias and discrimination, work-life balance, and establishing strong support networks and confidence. Oftentimes, these hurdles impede their ability to launch, grow, and sustain their businesses. As the Association looks to the future, we will seize opportunities to advance policies that address these challenges,” Ms. Malwela said.

CONWOBAA has been designed to facilitate trade for women entrepreneurs through the African Continental Free Trade Area (AfCFTA), helping members of the WBAs access cross-border trade opportunities and build sustainable businesses.

“This powerful network is led by women in leadership who are successfully running businesses and advocating for the growth of women-led enterprises across Africa. We look forward to the continued growth of this network and the opportunities it will create for women entrepreneurs across Africa to leverage AfCFTA and elevate their businesses to new heights,” Ms. Tembo said.

MIL OSI – Submitted News –

July 30, 2025
Australia sweep T20 series against West Indies

Source: Government of India

Source: Government of India (4)

Australia completed a 5-0 sweep of the West Indies in their Twenty20 international series with Ben Dwarshuis’s bowling paving the way for a three-wicket victory in Basseterre, Saint Kitts on Monday.

Mitchell Owen top-scored for Australia with 37 off 17 balls, while Cameron Green (32), Tim David (30) and Aaron Hardie (28 nout out) all made valuable contributions as the visitors reached their target of 171 with 18 balls to spare.

The win sealed the first T20 series sweep by an Australian men’s team in the West Indies, and saw them end the tour with a perfect 8-0 record after a similar sweep in the three-test series.

“I didn’t expect 5-0 at the start of the series,” Australia captain Mitchell Marsh said. “But we played some great cricket. It was something we spoke about after the fourth game.

“We knew no Australian team had completed a clean sweep. We’ve had guys come in and played different roles for us.”

The match featured 15 sixes, which Marsh attributed to the size of the venue.

“I think it’s a small ground, so there’s always going to be more sixes than normal,” he said.

“But I think if you look down our batting order in all the five games, we had a lot of power and I guess the messaging was just to play their natural game.”

Marsh also lauded the performance of his relatively inexperienced bowlers in the death overs.

“I’m pretty sure in the last four overs, we didn’t go for more than 40 or 50 across the five games,” he said.

“It’s really hard to do. So I think all of them executed. Nathan Ellis was outstanding, Sean Abbott was brilliant. Ben Dwarshuis hasn’t played a lot, did a really good role, and even Xavier Bartlett has grown and grown as a bowler.”

West Indies fans must have feared the worst when Australia won a fifth straight toss and bowled the hosts out for 170, a total they reached thanks in large part to Shimron Hetmyer’s knock of 52 off 31 balls.

Dwarshuis picked up Hetmyer’s wicket as well as those of openers Brandon King (11) and Shai Hope (9).

“It was a little bit of a slower wicket so we tried to hit the wicket hard and use the slower balls as well,” said Dwarshuis, who was named player of the match.

Australia return home for a limited-overs series against South Africa, while the West Indies play Pakistan in three T20Is and three one-day internationals.

(Reuters)

July 30, 2025
MIL-OSI Africa: President Museveni Bids Farewell To Outgoing World Bank Country Manager, Mukami Kariuki

Source: APO

.

President Yoweri Kaguta Museveni has today bid farewell to Ms. R. Mukami Kariuki, the outgoing World Bank Country Manager for Uganda at State House, Entebbe.

Ms. Kariuki, who assumed her role on August 1, 2021, has led the World Bank’s engagement with the Government of Uganda and overseeing the implementation of key development programs across the country.

In a cordial exchange, President Museveni thanked Ms. Kariuki for her dedicated service and extended his best wishes as she concluded her assignment.

“Thank you so much. I wish you good luck,” the President said.

Ms. Kariuki expressed her gratitude to the President and the Ugandan government for the collaboration extended to her throughout her tenure.

“Your Excellency, I appreciate the support and partnership we have had. It has been a pleasure working with Uganda,” she said.

The meeting was also attended by Mr. Qimiao Fan, the World Bank Country Director for Kenya, Rwanda, Somalia, and Uganda, who is based in Nairobi.

Mr. Fan noted the Bank’s keen interest in supporting Uganda’s agricultural transformation, job creation for the youth, and renewable energy development.

“Uganda has great potential. You have fertile soils, abundant sunshine for renewable energy, and a rapidly growing young population that needs jobs,” Mr. Fan said.

He emphasized the need to increase agricultural productivity through strategic investments in irrigation, improved transport networks, and access to better seeds and fertilizers.

“Despite your fertile soils, Uganda’s agricultural productivity remains relatively low. Investing in irrigation and logistics can help farmers access markets more effectively,” he added.

President Museveni responded by highlighting Uganda’s achievements in agricultural research, particularly in seed development and irrigation.

“We already have improved seeds for crops like coffee, bananas, maize, cassava, and potatoes. Our research centers have done their job. The challenge now is funding the uptake and supporting farmers to apply the technologies,” the President said.

He also highlighted the success of Prof. Florence Muranga from Bushenyi, who, through irrigation, harvests 53 tonnes of bananas per acre annually far exceeding the district’s average of 5 tonnes.

President Museveni further underscored the need to shift communities out of wetlands and into sustainable fish farming on the periphery, which would allow the use of swamp water for irrigation while restoring the wetland ecosystem.

“We want to move people from wetlands and support them to do fish farming on the edge. That way, we preserve the wetlands and still use the water for irrigation,” he explained.

He also reflected on the cultural importance of agriculture to Uganda, noting that many of the country’s staple crops such as millet, bananas, and cassava are indigenous and form part of Uganda’s agricultural heritage.

“Agriculture is part of our ancient heritage. These crops are not foreign; they are ours,” the President said.

He concluded by reaffirming the government’s readiness to engage further and collaborate on these areas of interest.

Distributed by APO Group on behalf of State House Uganda.

MIL OSI Africa –

July 30, 2025
MIL-OSI Africa: Sudan: United Nation (UN) sounds the alarm as health and food crises worsen across the country

Source: APO

.

As conflict between rival militaries rages on, millions of people keep on being displaced.

While the UN and its partners continue to provide assistance to newly displaced families in North Darfur, “nearly 60 per cent of displaced families still lack adequate shelter support,” said Deputy Spokesman for the Secretary-General, Farhan Haq, at a daily press briefing on Monday.

In Abu Shouk camp in El Fasher, the North Darfur capital, displaced families are facing acute shortages of food and medicine, with local sources reporting four hunger-related deaths last week, as food insecurity continues to worsen across the entire country.

In North Darfur state notably, low cereal supply, poor harvests and a prolonged food deficit have severely affected food availability.

Health crisis

Meanwhile, cholera cases continue to rise in Tawila. More than 1,500 suspected and confirmed serious infections have been reported since June, with over 500 people currently receiving treatment.

While local authorities have introduced emergency measures, including market closures and a ban on public gatherings, humanitarian organizations urgently require $120 million to scale up life-saving support in Tawila over the next three months.

“This funding is essential to contain the outbreak and sustain critical services,” according to OCHA.

Meanwhile, in Port Sudan, the main entry point for humanitarian personnel and supplies, a sharp increase in heatstroke cases linked to extreme temperature and prolonged power outages is raising concerns, as one death was recorded over the past two days.

Food crisis

In El Fasher, food prices continue to rise to alarming levels. The Integrated Food Security Phase Classification (IPC) has already identified famine conditions in multiple areas of North Darfur and the eastern Nuba Mountains, with more locations at risk.

In May, the average cost of the local food basket in El Fasher was more than six times the national average, as the city recorded the highest prices for nearly all essential items among assessed localities.

An IPC alert earlier this month noted that Sudan’s food security and nutrition situation is set to further deteriorate over the lean season from July to October, notably in areas of active conflict with limited access and experiencing high levels of displacement.

Distributed by APO Group on behalf of UN News.

MIL OSI Africa –

July 30, 2025
MIL-OSI Africa: Commission probing Mkhwanazi allegations moving “full steam ahead”
Source: Government of South Africa

The work of the Commission of Inquiry into Criminality, Political Interference and Corruption in the Criminal Justice System – dubbed the Madlanga Commission – has begun “in earnest”.

This according to Commission Chairperson, Acting Deputy Chief Justice Mbuyiseli Madlanga, who briefed the media on Monday afternoon.

The commission was established by President Cyril Ramaphosa following serious allegations made by KwaZulu-Natal Police Commissioner, Lieutenant General Nhlanhla Mkhwanazi.

The Provincial Commissioner made several allegations about an alleged criminal syndicate that has spread into law enforcement and intelligence services, as well as allegations implicating the judiciary, prosecutors, politicians and now suspended Police Minister Senzo Mchunu.

“We can assure South Africans that the work of the commission has commenced in earnest. To be specific, our first consultation with a witness is imminent.

“That consultation will help inform what further information the commission must follow up on,” he said.

He added that the commission is mindful that the public is “eager to see the first witness in the witness stand”.

“We too are eager to see that happen and are acting with the necessary expedition to see it happen.

“That said, the fact that Lieutenant General… Mkhwanazi made the allegations does not make us ready to start hearing evidence immediately. There must be consultation and assessment of the information we gather and a follow up for buttressing the information we’ve gathered, should that be necessary,” Madlanga said.

This, he added, could include further consultations.

“We assure South Africans that we are treating the matter with the urgency that it deserves and that the commission hearings will commence as soon as the necessary initial steps to bring us to that stage have been finalised.

“We anticipate that that will be during August 2025,” he said.

WATCH | CJS Commission of Inquiry media briefing

[embedded content]

Madlanga said the entities and persons under scrutiny are the SA Police Service, metro police in Gauteng, the National Prosecuting Authority, the State Security Agency, the judiciary, Correctional Services, any other institution in the criminal justice system and any member of the executive responsible for the criminal justice system.

“These entities and persons are to be investigated in relation to infiltration of law enforcement, intelligence and associated institutions within the criminal justice system by criminal syndicates.

“By the end of the first three-month period, we want to be in a position to submit an interim report, which, if the evidence will have shown as much, will make recommendations regarding concrete action that needs to be taken,” he said.

Securing premises

The process to secure a building for the commission, is underway as well as other infrastructure requirements.

“The public will be advised of the premises and online facilities where they can lodge information as soon as this question of procurement has been finalised. What we can say at this stage is that the commission hearings will be in Gauteng. We are doing our best to ensure that the procurement side is resolved with expedition.

“The lack of infrastructure does not affect the progress of the work of the commission. We are proceeding with the commission’s preparatory work full steam ahead,” Madlanga said.

Furthermore, appointments of professionals, who will assist the commission, have been made.

Justice Madlanga will be assisted by Advocate Sesi Baloyi SC and Advocate Sandile Khumalo SC.

Other team members include:
- Commission Secretary: Dr Nolitha Vukuza.
- Chief Evidence Leader: Advocate Terry Motau SC.
- Chief Investigator: Dr Peter Goss.
- Spokesperson: Jeremy Michaels.
Evidence Leaders
- Advocate Matthew Chaskalson SC.
- Advocate Mahlape Sello SC.
- Advocate Adila Hassim SC.
- Advocate Lee Segeels-Ncube.
- Advocate Ofentse Motlhasedi.
- Advocate Thabang Pooe.
“Regarding the timeline, we will conduct our work with the timeline in mind. Should the need arise for an extension, that is something we will address at the right time,” he said.

The proceedings are expected to be streamed live and members of the public will be permitted to attend the proceedings in person. – SAnews.gov.za

MIL OSI Africa –
July 30, 2025
MIL-OSI Russia: UN sees only marginal improvement in humanitarian access in Gaza after restrictions eased

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

An important disclaimer is at the bottom of this article.

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

UNITED NATIONS, July 29 (Xinhua) — There has been only a slight increase in food aid reaching starving Gazans since Israel opened access routes, U.N. Secretary-General’s deputy spokesman Farhan Haq said Monday.

“It’s only been one day so far, so we need to see if the situation improves,” he said. “Compared to before, when several dozen trucks entered the sector in these days, there is a slight increase,” he added.

Only about 100 trucks carrying humanitarian aid entered the Gaza Strip on Sunday, he said, about a fifth of what was supposed to be delivered.

The UN Office for the Coordination of Humanitarian Affairs (OCHA) said that of 17 missions requiring coordination with Israeli authorities on Sunday, only eight had been carried out, including collecting fuel and supplies. Four missions, including food deliveries, were hampered but completed.

“Prolonged restrictions on the entry of humanitarian aid have created an unpredictable environment in which people are uncertain whether aid will reach them,” OCHA said.

UN Under-Secretary-General for Humanitarian Affairs Tom Fletcher on Sunday welcomed Israel’s easing of restrictions on humanitarian aid to Gaza, saying it would help ease the immense suffering of the starving population, adding that massive amounts of aid were needed to prevent famine and a catastrophic health crisis.

OCHA said UN agencies and their partners also welcomed the decision.

The World Food Programme said it had enough food in the region or on the way to feed the starving population for about three months, and the UN aid agency for Palestine refugees said 6,000 trucks in Jordan and Egypt were waiting to enter Gaza.

The World Health Organization said July was the worst month for malnutrition-related deaths on record, with more than 85 percent of malnutrition-related deaths recorded in 2025. Nearly one in five children under 5 in Gaza City suffers from acute malnutrition.

OCHA reiterated the need for an immediate, permanent ceasefire to ensure adequate aid and support. “The Israeli authorities must open all border crossings and corridors to ensure the delivery of aid in a fair and dignified manner,” the statement said.

OCHA also said that only small amounts of fuel had entered Gaza in the past week, adding that fuel must be allowed in to continue aid operations, including for trucks to collect and distribute supplies. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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MIL OSI Russia News –

July 30, 2025
MIL-OSI Russia: Kuwait to Deliver Humanitarian Aid to Gaza via ‘Airlift’

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

An important disclaimer is at the bottom of this article.

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

KUWAIT, July 29 (Xinhua) — Kuwait announced on Monday the launch of an “air bridge” to deliver humanitarian aid to the Gaza Strip following a three-day donation campaign launched by the government last week.

Assistant Foreign Minister for Development and International Cooperation Hamad Al-Meshan said the funds raised would be used to purchase humanitarian aid from the local market, including oil, flour and other essential items.

He added that the supplies would be delivered to the Egyptian city of El Arish by military aircraft and handed over to the Egyptian Red Crescent in coordination with its Kuwaiti counterparts.

H. Al-Meshan also noted the possibility of transferring part of the aid to Jordan, and then the Jordanian army would drop it from the air into Gaza.

Kuwait’s Foreign Ministry, in a statement last week, reiterated its condemnation of Israel’s blockade of the Gaza Strip, which has further worsened hunger and malnutrition in the besieged enclave. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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MIL OSI Russia News –

July 30, 2025
MIL-OSI Africa: United Nations Support Mission in Libya (UNSMIL) takes note of High Council of State (HCS) Presidency elections, invites constructive engagement in the political process

Source: APO

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The United Nations Support Mission in Libya (UNSMIL) followed the live broadcast of the High Council of State (HCS) session on Sunday, 27 July, during which 95 members elected a new Presidency. The Mission noted that voting proceeded under normal conditions and with transparency.

UNSMIL is of the view that yesterday’s two-thirds attendance reflects a broad consensus among members to overcome the division that has hindered its ability to fulfill its responsibilities over the last year. The Mission echoes the calls to expand internal consensus by engaging those members who did not attend yesterday’s session.

The Mission congratulates the new Presidency and looks forward to constructive engagement with all Council members to break the stalemate, advance the political process, and end the protracted transitional phases.

It further expects the Council to responsibly carry out its functions, as outlined in the Libyan Political Agreement, consistent with its independent political role and Libyans’ aspirations to end institutional division, restore legitimacy through elections and contribute to necessary reforms.

The Mission encourages the HCS membership to fulfill their patriotic duties and rise to the expectations of the Libyan people by supporting a Libyan led and Libyan owned political process facilitated by UNSMIL.

Distributed by APO Group on behalf of United Nations Support Mission in Libya (UNSMIL).

MIL OSI Africa –

July 30, 2025
MIL-OSI Africa: Food and Agriculture Organization of the United Nations (FAO) Africa Community of Practice showcases lessons from South Sudan on building resilient seed systems in fragile contexts

Source: APO

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The FAO Regional Office for Africa Resilience Team held its third virtual Community of Practice (CoP) meeting on 8 July 2025, bringing together FAO staff and technical experts from across the continent. The session focused on practical lessons from South Sudan on strengthening seed systems in fragile and conflict-affected settings. South Sudan has made strong progress in increasing the use of locally sourced seeds, moving from 15 percent to over 55 percent in recent years. This achievement is supported by FAO’s approach to working with both formal and informal seed systems, strengthening farmer cooperatives, training agro-dealers, and promoting local seed varieties.

To ensure seed quality at the local level, the country has introduced informal Seed Quality Control Boards (SQCBs) at state and county levels. These boards help monitor standards in the absence of fully operational national certification bodies

“We are not choosing between formal or informal systems,” noted Felix Dzvurumi, Senior Programme Officer and Deputy FAO Representative a.i. in South Sudan, during the virtual presentation. “We are designing practical solutions that work in fragile, rapidly changing environments.”

The session highlighted efforts to engage the private sector by encouraging partnerships between seed companies and farmer cooperatives. The South Sudan Seed Traders Association plays an important role in linking producers and buyers. At the same time, FAO is supporting the preservation of indigenous seed varieties, which are well-suited to local conditions and offer resilience against shocks like floods and pests. FAO’s support also includes work with the Ministry of Agriculture on a 10-year Agricultural Mechanization Plan, introducing tools such as seed planters, threshers, and cleaners to boost production. Seed fairs are being used to build trust and stimulate demand in local seed markets.

“Seed fairs give farmers direct access to seed options and suppliers, while building trust in the local system,” said Maurice Nyombe, National Crop Production Officer in South Sudan.

The virtual CoP provided a space for participants from across Africa to exchange experiences, raise questions, and learn from each other. Topics included early generation seed bottlenecks, local market development, farmer-led innovations, and improving FAO’s operational tools to meet field needs.

Facilitated by Priya Gujadhur, Senior Resilience Officer at FAO RAF, the session reinforced the value of the Community of Practice as a platform for shared learning and continuous improvement.

We are not just building systems—we’re building confidence, capacity, and long-term solutions,” said Meshack Malo, FAO Representative in South Sudan.

Distributed by APO Group on behalf of Food and Agriculture Organization of the United Nations (FAO): Regional Office for Africa.

MIL OSI Africa –

July 30, 2025
MIL-OSI Africa: Global hunger declines, but rises in Africa and western Asia: United Nation (UN) report
Source: APO

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An estimated 8.2 percent of the global population, or about 673 million people, experienced hunger in 2024, down from 8.5 percent in 2023 and 8.7 percent in 2022. However, progress was not consistent across the globe, as hunger continued to rise in most subregions of Africa and western Asia, according to this year’s The State of Food Security and Nutrition in the World (SOFI 2025) report published today by five specialized agencies of the United Nations.

Launched during the Second UN Food Systems Summit Stocktake (UNFSS+4) in Addis Ababa, SOFI 2025 indicates that between 638 and 720 million people faced hunger in 2024. Based on the point estimate* of 673 million, this represents a decrease of 15 million people from 2023 and of 22 million from 2022.

While the decline is welcome, the latest estimates remain above pre-pandemic levels, with the high food inflation of recent years contributing to the slow recovery in food security.

Notable improvements are seen in southern Asia and Latin America. The prevalence of undernourishment (PoU) in Asia fell from 7.9 percent in 2022 to 6.7 percent, or 323 million people, in 2024. Additionally, Latin America and the Caribbean as a region saw the PoU fall to 5.1 percent, or 34 million people, in 2024, down from a peak of 6.1 percent in 2020.

Unfortunately, this positive trend contrasts sharply with the steady rise in hunger across Africa and western Asia, including in many countries affected by prolonged food crises. The proportion of the population facing hunger in Africa surpassed 20 percent in 2024, affecting 307 million people, while in western Asia an estimated 12.7 percent of the population, or more than 39 million people, may have faced hunger in 2024.

It is projected that 512 million people could be chronically undernourished by 2030. Almost 60 percent of those will be in Africa. This highlights the immense challenge of achieving SDG 2 (Zero Hunger), warned the Food and Agriculture Organization of the United Nations (FAO), the International Fund for Agricultural Development (IFAD), the United Nations agency for children (UNICEF), the UN World Food Programme (WFP), and the World Health Organization (WHO).

Tracking nutrition targets
- From 2023 to 2024, the global prevalence of moderate or severe food insecurity – an assessment registering the experience of constraints on access to adequate food during part of the year – decreased slightly, from 28.4 to 28.0 percent, accounting for 2.3 billion people. This is 335 million more than in 2019, before the COVID-19 pandemic, and 683 million more than in 2015, when the Sustainable Development Agenda was adopted.
- Among the indicators of child nutrition, the prevalence of stunting in children under five declined from 26.4 percent in 2012 to 23.2 percent in 2024, reflecting global progress.
- The prevalence of child overweight (5.3 percent in 2012 and 5.5 percent in 2024), and in child wasting (7.4 percent in 2012 and 6.6 percent in 2024) remains largely unchanged.
- The percentage of infants under six months exclusively breastfed increased significantly, from 37.0 percent in 2012 to 47.8 percent in 2023, reflecting growing recognition of its health benefits.
- The prevalence of adult obesity rose from 12.1 percent in 2012 to 15.8 percent in 2022.
- New data show an increase in the global prevalence of anaemia among women aged 15 to 49, from 27.6 percent in 2012 to 30.7 percent in 2023.
- Estimates for a new SDG indicator introduced in the report reveal that about one-third of children aged 6 to 23 months and two-thirds of women aged 15 to 49 years met minimum dietary diversity.
Food inflation

SOFI 2025 also examines the causes and consequences of the 2021–2023 food price surge and its impact on food security and nutrition.

The report highlights that the global policy response to the COVID-19 pandemic – characterized by extensive fiscal and monetary interventions – combined with the impacts of the war in Ukraine and extreme weather events, contributed to recent inflationary pressures.

This food price inflation has hindered the post-pandemic recovery in food security and nutrition. Since 2020, global food price inflation has consistently outpaced headline inflation. The gap peaked in January 2023, with food inflation reaching 13.6 percent, 5.1 percentage points above the headline rate of 8.5 percent.

Low-income countries have been particularly hit hard by rising food prices. While median global food price inflation increased from 2.3 percent in December 2020 to 13.6 percent in early 2023, it climbed even higher in low-income countries, peaking at 30 percent in May 2023.

Despite rising global food prices, the number of people unable to afford a healthy diet fell from 2.76 billion in 2019 to 2.60 billion in 2024. However, the improvement was uneven. In low-income countries, where the cost of a healthy diet rose more sharply than in higher-income countries, the number of people unable to afford a healthy diet increased from 464 million in 2019 to 545 million in 2024. In lower-middle-income countries (excluding India), the number rose from 79 million in 2019 to 869 million over the same period.

The report recommends a combination of policy responses to food price inflation. They include targeted and time-bound fiscal measures, such as social protection programs, to safeguard vulnerable households; credible and transparent monetary policies to contain inflationary pressures; and strategic investments in agrifood R&D, transport and production infrastructure, and market information systems to improve productivity and resilience.

What they said

FAO Director-General, QU Dongyu: “While it is encouraging to see a decrease in the global hunger rate, we must recognize that progress is uneven. SOFI 2025 serves as a critical reminder that we need to intensify efforts to ensure that everyone has access to sufficient, safe, and nutritious food. To achieve this, we must work collaboratively and innovatively with governments, organizations, and communities to address the specific challenges faced by vulnerable populations, especially in regions where hunger remains persistent.”

IFAD President, Alvaro Lario: “In times of rising food prices and disrupted global value chains, we must step up our investments in rural and agricultural transformation. These investments are not only essential for ensuring food and nutrition security – they are also critical for global stability.”

UNICEF Executive Director, Catherine Russell: “Every child deserves the chance to grow and thrive. Yet over 190 million children under the age of 5 are affected by undernutrition, which can have negative consequences for their physical and mental development. This robs them of the chance to live to their fullest potential. The State of Food Security and Nutrition in the World report for 2025 underscores the need to act urgently for the world’s youngest and most vulnerable children, as rising food prices could deepen nutrition insecurity for millions of families. We must work in collaboration with governments, the private sector and communities themselves to ensure that vulnerable families have access to food that is affordable and with adequate nutrition for children to develop. That includes strengthening social protection programs and teaching parents about locally produced nutritious food for children, including the importance of breastfeeding, which provides the best start to a baby’s life.

WFP Executive Director, Cindy McCain: “Hunger remains at alarming levels, yet the funding needed to tackle it is falling. Last year, WFP reached 124 million people with lifesaving food assistance. This year, funding cuts of up to 40 percent mean that tens of millions of people will lose the vital lifeline we provide. While the small reduction in overall rates of food insecurity is welcome, the continued failure to provide critical aid to people in desperate need will soon wipe out these hard-won gains, sparking further instability in volatile regions of the world.”

WHO Director-General, Dr Tedros Adhanom Ghebreyesus: “In recent years, the world has made good progress in reducing stunting and supporting exclusive breastfeeding, but there is still much to be done to relieve millions of people from the burdens of food insecurity and malnutrition. This report provides encouraging news, but also shows where the gaps are and who is being left behind, and where we must direct our efforts to ensure that everyone has access to a healthy and nutritious diet.”

Distributed by APO Group on behalf of World Health Organization (WHO).

MIL OSI Africa –
July 30, 2025
MIL-OSI Africa: International Trade Centre (ITC) SheTrades and Visa expand partnership to support women and youth entrepreneurs in sub-Saharan Africa
Source: APO

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The International Trade Centre’s (ITC) SheTrades initiative and Visa announce a regional capacity building programme to support women and youth-led businesses in Kenya and South Africa, expanding their partnership into sub-Saharan Africa.

Building on collaborations in the Gulf and Asia-Pacific regions, the programme will enhance the digital, financial and entrepreneurial capacities of micro, small and medium-sized enterprises (MSMEs) led by women and youth – two key groups driving innovation and inclusive growth across the continent.

Entrepreneurs can register to join the programme here.

Across sub-Saharan Africa, women are estimated to own close to 60% of MSMEs, while earning 38% less in profits. Structural barriers – such as limited access to finance, digital technologies and tailored business support – continue to impede their full participation in formal economies.

Similarly, while the region’s young demographic can be considered a strength, young entrepreneurs encounter challenges in accessing the skills, tools and networks required to build and scale their enterprises. According to the African Development Bank, narrowing gender and age-based disparities in labour markets and enterprises could boost economic output by as much as 34%, underscoring the potential positive impact of inclusive economic participation.

To address these barriers, the programme offers a hybrid learning experience combining online and in-person capacity building tailored to the needs of women and youth-led MSMEs in the region, including on topics such as artificial intelligence for business, financial literacy, digital payments, investment readiness and broader entrepreneurial skills.

At the core of the programme is Visa’s She’s Next, which provides women entrepreneurs with mentorship, funding and networking. By connecting programme participants with the She’s Next alumni and the wider SheTrades community, the initiative will foster peer learning, sustained engagement and a supportive entrepreneurial ecosystem.

‘This partnership reflects our shared commitment to closing the digital and financial inclusion gap for African entrepreneurs,’ said ITC Executive Director Pamela Coke-Hamilton. ‘We look forward to building on our partnership with Visa to enable long-term economic empowerment of women and youth, who, when fully engaged in trade, become powerful agents of change in their communities and countries.’

The programme will be delivered in collaboration with a network of public and private partners, including the SheTrades Hubs in Kenya and South Africa, hosted by ABSA Bank Kenya and the Small Enterprise and Finance Development Agency (SEDFA), respectively. Microsoft Philanthropies will contribute AI-focused learning modules, which will be made available as UN public goods through the SheTrades Academy.

‘At Visa, we believe that economies that include everyone, everywhere, uplift everyone, everywhere. Our expanded partnership with ITC SheTrades through the She’s Next initiative is a testament to this belief,’ said Michael Berner, Head of Visa Southern and Eastern Africa. ‘By equipping women and youth entrepreneurs with the digital tools, financial knowledge, and networks they need to succeed, we are helping individual businesses thrive and contributing to the broader economic resilience and inclusive growth of the region. This initiative reflects Visa’s ongoing commitment to driving equitable access to the digital economy and unlocking opportunities for underrepresented communities across Sub-Saharan Africa.’

The programme was announced during the Global SME Ministerial Meeting, organised by ITC in collaboration with South Africa’s Department of Small Business Development, where Visa contributed to discussions on financing solutions for sustainable small business growth.

Upcoming webinars include:
- Kick-off & Microsoft AI Launch: 31 July
- Digital Tools & AI Integration: 28 August
- Budgeting & Financial Planning: 18 September
Entrepreneurs can register to join the programme here.

Distributed by APO Group on behalf of International Trade Centre.

MIL OSI Africa –
July 30, 2025
MIL-OSI Africa: President El-Sisi Gives Directives to Offer Necessary Medical Attention to Captain Hassan Shehata

Source: APO

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In a humanitarian gesture, President Abdel Fattah El-Sisi has given directives that necessary healthcare and immediate medical attention to be offered to Captain Hassan Shehata, the former coach of the national team, following his recent health setback.

The President’s directives stem from his keenness to provide full support to Captain Hassan Shehata, in appreciation of his historic achievements in Egyptian sports and the special place he holds in the hearts of the Egyptian people.

These directives are in line with the Egyptian state’s approach to caring for its national symbols.

Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.

MIL OSI Africa –

July 30, 2025
MIL-OSI United Nations: 29 July 2025 Departmental update Community innovation leads the way at 2025 Global Conference on Climate and Health through “Ideas Labs”
Source: World Health Organisation

As the world braces for increasingly complex climate and health challenges, local innovations, Indigenous knowledge, and community-rooted practices take centre stage at the 2025 Global Conference on Climate and Health, co-hosted by the Government of Brazil, WHO, and PAHO, from 29 to 31 July in Brasília.

A key feature of the Conference, the Ideas Lab, spotlights a bold new wave of thinking and doing, showcasing pioneering efforts that span from predictive malaria mapping and clean air advocacy to artificial intelligence and sustainable healthcare. Designed to complement the official programme, the Ideas Lab serves as a platform to amplify innovative local and Indigenous knowledge, youth-led and technological solutions, and cross-sector policy approaches that link climate action with better health outcomes.

Over three days, participants are presenting replicable solutions that will inform and bolster the forthcoming Belém Health Action Plan across three key tracks: 1) Health Surveillance and Monitoring, 2) Evidence-Based Policy and Capacity Building, and 3) Innovation and Production.

“The Ideas Lab is about more than showcasing innovations. It’s about equity, participation, and policy relevance,” said Dr Maria Neira, Director, Department of Environment, Climate Change and Health, World Health Organization. “These sessions create space for communities to speak for themselves, to be heard, and to input into the COP30 process to put health at the heart of climate decisions.”

Ideas Lab contributors span Community-Based Organizations to universities, specialist networks to NGOs, with representation from across the globe.

Sessions include, among others:
- Mapping Toxic Transfers in Uganda: A cross-disciplinary project using geospatial tools, water testing, and health data to trace the impacts of climate-induced flooding on community health, while informing safe water and infrastructure policy.
- Predictive Modelling for climate-driven malaria dynamics: A predictive malaria system combining climate and health data to trigger targeted community interventions, co-led by women’s groups and rooted in local knowledge for urbanizing African Regions.
- Innovative Financing for Health Resilience: From Brazil to Indonesia, examples of blended capital solutions offer a roadmap to close the climate-health financing gap, especially critical for countries facing dwindling development aid.
- Adapting Health Supply Chains: A dialogue on how to future-proof the multitrillion-dollar health supply chain for climate resilience, equity, and sustainability.
- The Right to Clean Air: From Brazil to Australia and the pacific, inviting solidarity between communities experiencing escalating threats to air quality, health and cultural survival.
- AI for Climate-Resilient Health Systems: Showcasing how the Global South is pioneering artificial intelligence to strengthen pandemic preparedness and deliver culturally relevant, sustainable health interventions across 20 countries.
- Intergenerational dialogue plays a key role in transforming One Health ideas into concrete, sustainable actions and real-time solutions, where mechanisms for youth engagement in One Health can be adjusted to the needs and wants of each setting and context.
Equity is at the heart of the Global Conference and equitable solutions are highlighted throughout the Ideas Lab, with sessions exploring how climate change disproportionately impacts women, migrants, Indigenous peoples, and youth, and how these groups are also leading in climate and health action. Examples include the Emerge Study which examines the relationship between climate extremes, forced migration, and health in Latin America, and how migration can be supported as an adaptive strategy, and Youth for One Health, a proposal that is grounded in intergenerational justice and builds on youth councils globally to advocate for biodiversity, planetary health, and green cities.

Towards COP30: From dialogue to delivery

The Ideas Lab will feed directly into conference outcomes and COP30 preparations, helping generate actionable tools and knowledge products that can be adapted by countries, particularly through the Belém Health Action Plan. By fostering participation across regions and sectors, it aims to seed long-term collaboration across and between climate change action and human health.

MIL OSI United Nations News –
July 30, 2025
MIL-OSI Security: AFRICOM Deputies Engage with Angolan Leaders to Strengthen Security Cooperation

Source: United States AFRICOM

AFRICOM Deputies Engage with Angolan Leaders to Strengthen Security Cooperation

Lt. Gen. John W. Brennan, Deputy Commander for U.S. Africa Command, and Ambassador Robert Scott, AFRICOM’s Deputy to the Commander for Civil-Military Engagement, traveled to Angola, July 22-25, to meet with Angolan government and military leaders and Chargé d’Affaires Noah Zaring and his team at U.S. Embassy Angola and Sao Tome and Principe.

The visit reaffirmed AFRICOM’s commitment to strengthening its partnership with Angola, a security leader in southern Africa, and came on the heels of a meeting with the Namibian Minister of Defense and Veterans Affairs on July 21.

The AFRICOM leaders and Chargé d’Affaires Zaring engaged in meetings with Angola’s Secretary of State for National Defense for the Ministry of Defense José Maria de Lima; Secretary of State for External Affairs for the Ministry of Foreign Affairs Esmerelda Mendonça; and Joint Chief of Staff for Patriotic Education General José Maria Marques.

Discussions focused on advancing shared security and economic interests, to include countering transnational threats to the U.S. Homeland and Angola, enabling partners to lead their own security initiatives with minimal U.S. involvement, and leveraging shared economic opportunities, notably the transformational Lobito Corridor initiative.

The Lobito Corridor is a large-scale infrastructure initiative, backed by the G7, that is designed to connect the Democratic Republic of Congo and Zambia to Angola’s Atlantic coast at the port of Lobito, providing inland industries like mining and agriculture with effective and timely access to global markets and furthering domestic and international investments.

The two leaders emphasized that security underpins private sector investments. Working together with African nations to develop secure, stable countries, regions and economies, allows for environments where economic opportunities and partnerships thrive.

During their visit, Scott, who has 30 years of State Department experience in Africa, and Brennan, a career special forces officer and leader, also traveled to a training base near Cabo Ledo where they met with Special Forces Brigade Commander Brigadier João Baptista Paulo and other special forces leaders and soldiers. While there, Brennan took part in a wreath laying ceremony at a memorial honoring fallen Angolan special forces members.

The two also observed U.S. and Angolan special forces involved in a live fire exercise being conducted during a Joint Combined Exchange Training (JCET) focused on close quarters combat and small unit tactics. JCETs and large-scale AFRICOM exercises bring together partners and allies to enhance readiness and interoperability and sharpen warfighter skillsets, empowering lethal, combat ready forces to deter aggression and win on the battlefield. This is the fifth JCET conducted between U.S. and Angolan forces since 2022.

In addition to participating in AFRICOM sponsored exercises and conferences, Angola has also been accepted into the 2025 cohort of State Partnership Program (SPP) nations, a comprehensive Department of Defense program that partners allied and partner nations with a U.S. state and its National Guard forces. Through SPP, the National Guard conducts military-to-military exchanges and training in support of U.S. and partner nation defense security goals. SPP also leverages whole-of-society relationships and capabilities to facilitate broader cooperation spanning military, government, economic and social spheres. An announcement of which state has been partnered with Angola is expected in the Fall.

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AFRICOM is one of seven U.S. geographic combatant commands, responsible for military engagement across 53 African nations. Working with partners and allies, the command counters malign actors and transnational threats, responds to crises, strengthens African security forces, and supports U.S. government efforts in Africa to advance U.S. national interests and promote regional security, stability, and prosperity.

MIL Security OSI –

July 30, 2025
MIL-OSI Banking: [Testimonials] Samsung EEIP: Driving Measurable Growth in Black-Owned SMMEs

Source: Samsung

As part of Samsung’s R280-million worth Equity Equivalent Investment Programme (EEIP) launched in 2019, in collaboration with the Department of Trade, Industry and Competition (Dtic) – the partners recently opened the third call, inviting all suitable, black-owned ICT and Service Centre SMMEs to take part in this year’s Samsung EEIP Enterprise Development (ED) Programme.

This Samsung ED programme which aims to empower black-owned ICT and Service Centre enterprises to boost the economy and create jobs through entrepreneurship and business support – involves initiatives like grant funding, specialist business development support and access to supply chain opportunities for black-owned and women-owned small, medium and micro enterprises. This programme’s efforts are aligned with the country’s transformation goals and aim to foster a more inclusive economy.

In an effort to inspire potential future participants coupled by Samsung’s need to measure the impact and effectiveness of its CSR initiatives – the company took the time to speak to two of the beneficiaries from the ED programme in the last few years. When asked how Samsung EEIP provided the participating SMME owners with the confidence and support needed to mean business about their businesses, this is what they had to say:

One of the beneficiaries is Thoriso Rangata. He is a 32-year-old, businessman and the owner of KTO Digital, which focuses on Business Process Automation, Software Development Services and Background Screening Software as a Service (SaaS) solution provider. Thoriso says from being part of the programme, he gained the reassurance and confidence he needed.

Thoriso based in Johannesburg, originally from Limpopo, became part of the programme when he responded to a public call for applications in 2020. At the time, his business, KTO Digital, needed support in order to meet the company’s growth objectives. Thoriso is a true example of how the programme is able to empowerment ICT entrepreneurship as well as stimulate job creation and assist in contributing to economic growth.

Since being part of the EEIP programme, Thoriso’s company won the Nedbank Business of the Year Award in 2022. In the same year, his company launched their own product and received accreditation as a credit bureau business.

The support he received from the programme has allowed KTO Digital to create over 20 jobs between 2021 to date. This is in line with the programme’s objective of creating both direct and indirect jobs, with a particular emphasis on Black Economic Empowerment (BEE) and the development of township economy.

These achievements demonstrate how the EEIP programme has provided Thoriso and his team the opportunity to pursue their passions as well as bringing security and stability – not only to his employees but also to their families’ livelihoods. Thoriso explains, “the other direct benefits that KTO Digital received from being part of the programme included: Grant Funding, Asset Financing as well as Continuous Business Mentorship – and this, is exactly what our business needed in order to move forward.”

He added: “As a company, we strongly believe that the skills we acquired from this EEIP programme, which included Business regulatory governance structures and strategic business growth approaches/methods – have contributed to the success of our business to date. This programme has really helped us to achieve our goals, and it has taken our business to new heights.”

Based in Sinoville, Tshwane, the second EEIP beneficiary is Dumisani Mkhwebane – a 38-year-old businessman who co-owns and runs TIA-Solutions – an IT company with Boitumelo Mkhwebane – a 36-year-old, businesswoman. Their business focuses on Secure Scalable IT Solutions by building cloud infrastructure through collaborative team efforts. This provides their customers with resilience from cyber-attacks and contributes to productivity, efficiency as well as business continuity.

Dumisani explained further: “As TIA-Solutions, we partner with multinational vendors such as Microsoft, Fortinet and Veritas which allow us to give our customers end-to-end, tailor-made IT solutions that cater to their business needs.”

He also elaborated on how the company entered into the programme, Dumisani said: “We saw an advert on LinkedIn in 2023 about the EEIP Enterprise ED and decided to enter. We then received Capital Investment to buy computer equipment for our internal operations as well as company vehicles. In addition, we received Business Training and Skills development for our employees as well as other vital skills that we needed which included: Business Management Skills, Marketing and how to better position our company.

“The programme has both Financial and Non-Financial benefits for Business Growth and Sustainability,” Dumisani added. “It is for these reasons that we would like to encourage other SMEs to apply to be part of the programme. We strongly believe that the ED programme will help grow other SMEs like it did ours and it will help a great deal in upskilling their workforce.”

Importantly, this Samsung ED programme seeks to inspire potential future participants by demonstrating how the EEIP can help them kick-start their businesses. The tangible results articulated by these beneficiaries are a confirmation of Samsung’s commitment to empowering entrepreneurs and providing a reliable support system to SMEs in the country.

Nicky Beukes, Samsung South Africa EEIP Project Manager concluded: “It is clear from these testimonials that through the reassurance and confidence offered by this Samsung EEIP ED programme – we are slowly, but surely achieving our intention of shifting the perception of potential candidates from “I’m working on something” to “I run a successful business”. As Samsung, we are happy to be delivering according to our programme’s overall and multi-faceted objectives which include the creation of a more inclusive and prosperous society through strategic investments, skills development and entrepreneurial support.”

MIL OSI Global Banks –

July 30, 2025
Global hunger falls but conflict and climate threaten progress, UN says

Source: Government of India

Source: Government of India (4)

The number of hungry people around the world fell for a third straight year in 2024, retreating from a COVID-era spike, even as conflict and climate shocks deepened malnutrition across much of Africa and western Asia, a U.N. report said on Monday.

Around 673 million people, or 8.2% of the world’s population, experienced hunger in 2024, down from 8.5% in 2023, according to the State of Food Security and Nutrition in the World report, jointly prepared by five U.N. agencies.

They said the report focussed on chronic, long-term problems and did not fully reflect the impact of acute crises brought on by specific events and wars, including Gaza.

Maximo Torero, the chief economist for the U.N. Food and Agricultural Organization, said improved access to food in South America and India had driven the overall decline but cautioned that conflict and other factors in places such as Africa and the Middle East risked undoing those gains.

“If conflict continues to grow, of course, if vulnerabilities continue to grow, and the debt stress continues to increase, the numbers will increase again,” he told Reuters on the sidelines of a U.N. food summit in Ethiopia.

“Conflict continues to drive hunger from Gaza to Sudan and beyond,” U.N. Secretary-General Antonio Guterres said in remarks delivered by video link to the summit. “Hunger further feeds future instability and undermines peace.”

In 2024, the most significant progress was registered in South America and Southern Asia, the U.N. report said.

In South America, the hunger rate fell to 3.8% in 2024 from 4.2% in 2023. In Southern Asia, it fell to 11% from 12.2%.

Progress in South America was underpinned by better agricultural productivity and social programmes like school meals, Torero said. In Southern Asia, it was mostly due to new data from India showing more people with access to healthy diets.

The overall 2024 hunger numbers were still higher than the 7.5% recorded in 2019 before the COVID pandemic.

The picture is very different in Africa, where productivity gains are not keeping up with high population growth and the impacts of conflict, extreme weather and inflation.

In 2024, more than one in five people on the continent, 307 million, were chronically undernourished, meaning hunger is more prevalent than it was 20 years ago.

Africa is projected to account for nearly 60% of the world’s hungry people by 2030, the report said.

The gap between global food price inflation and overall inflation peaked in January 2023, driving up the cost of diets and hitting low-income nations hardest, the report said.

Overall adult obesity rose to nearly 16% in 2022, from 12% in 2012, it added.

The number of people unable to afford a healthy diet dropped globally in the past five years to 2.6 billion in 2024 from 2.76 billion in 2019, the report said.

(Reuters)

July 30, 2025
MIL-OSI Africa: Global Africa Commission Proposed as the fourth AfriCaribbean Trade and Investment Forum (ACTIF2025) Opens in Grenada
Source: APO – Report:
- US $290M in deals signed, advancing infrastructure, tourism and trade across the Caribbean on Day 1
- CARICOM leaders to recommend region’s highest honour for Oramah’s role in transforming ties
- US $250M Resilience Fund, CAPSS rollout, and feasibility of Caribbean EXIM Bank among key initiatives championed
The fourth AfriCaribbean Trade and Investment Forum (ACTIF2025) opened today in St. George’s under the theme “Resilience and Transformation: Enhancing Africa-Caribbean Economic Cooperation in an Era of Global Uncertainty.”

In a passionate keynote address, Prof. Benedict Oramah, outgoing President and Chairman of the Board of Directors of Afreximbank, declared the region’s readiness to shift from slogans to systems, unveiling a slate of tangible milestones that signal the deepening of Africa-Caribbean economic and cultural integration.

“In under four years, we’ve ratified the Partnership Agreement in 11 CARICOM countries, providing the Bank a solid legal foundation to operate, support, and invest in their economies,” said Oramah. This, he acknowledged, represents a “sovereign declaration, that the CARICOM States see in Africa, not just its past, but also its future.”

These bold initiatives, shared by President Oramah during his address, demonstrate Afreximbank’s commitment to transforming Afri-Caribbean cooperation from aspiration into action:
- Caribbean EXIM Bank: Feasibility studies are underway for a regional EXIM Bank co-created with the CARICOM Secretariat to unlock industrial development and trade.
- $250M Growth, Resilience, and Sustainability Fund (GRSF): A new blended finance mechanism to support climate adaptation and development. Afreximbank’s Fund for Export Development in Africa (FEDA) will manage the fund, while concessional financing will be raised jointly with the CARICOM Development Fund.
- CAPSS Launch (Caribbean Payment & Settlement System): Modelled after Africa’s Pan African Payment and Settlement System (PAPSS), this digital platform will allow real-time payments across the Caribbean in local currencies, eliminating costly conversions and enabling the upcoming CAPSS Card.
- Creative & Cultural Investment: $24 million has been committed for a film production and training hub in the OECS through CANEX, while other investments have enabled designers and chefs from Guyana, Trinidad, Jamaica, and Barbados to feature globally.
- Artificial Intelligence Hub: A new AI and generative tech centre is being launched in partnership with the P.J. Patterson Institute at the University of the West Indies to place Afro-Caribbean talent at the centre of global innovation.
The ACTIF2025 also serves as President Oramah’s final address at the Forum, as he prepares to hand over leadership to Dr. George Elombi, Afreximbank’s long-serving Executive Vice President nominated as incoming President by shareholders at the Bank’s 32^nd Annual Meeting in Abuja in June 2025.

“At this critical moment in our collective history, I have no shred of doubt that he is the right person to lead us in the next phase of the Bank’s journey. I am convinced that he will give the Bank’s work in this region a renewed impetus,” he stated.

Looking beyond the Forum, President Oramah urged the establishment of a sovereign Global Africa Commission to drive forward the long-term integration of Africa and the Caribbean. He proposed that the Commission be jointly supported by Afreximbank, the CARICOM Secretariat, and the African Union, and tasked with advancing the trade, cultural, education, and creative agenda of the growing pan-African alliance.

“What we have done so far is prove the concept, we now need to institutionalise it,” Oramah said. “We should consider creating a Commission that becomes fully responsible for delivering on the Africa-Caribbean and broader Global Africa initiative… This move will give more focus to the initiative, reduce the administrative burden on Afreximbank and create an environment for innovation.”

In closing, President Oramah declared “In America, America is first. In Europe, Europe is first. In China, China is first. We are the only ones who put ourselves last,” noting that it is time that Africa changes this posture.

Meanwhile, Hon. Dickon Mitchell, Prime Minister of Grenada praised the vision and leadership of President Benedict Oramah, describing his presidency as a turning point in the Africa-Caribbean relations.

Recognising the strategy, integrity and relentless drive employed, PM Mitchell, stated that President Oramah carved out a space for ‘our regions to trade, collaborate, and thrive’. “In the annals of history, you will go down as a pioneer for African people everywhere,” the Caribbean leader declared.

Prime Minister Mitchell announced a recommendation by the region’s leaders to confer the region’s highest honour to President Oramah; the Order of the Caribbean Community.

Building on Oramah’s keynote call to institutionalise the Global Africa Initiative through the creation of a permanent Commission, Prime Minister Mitchell voiced full support.

His message was punctuated by a deeply personal interaction with a young volunteer who asked why Grenada chose to host ACTIF2025; a question he said cut to the heart of the Forum’s purpose.

“It’s about money. It’s about trade. It’s about investment… our very survival, prosperity and dignity depends on the economic decisions we make today,” he stated. “To that young man, I say: our political will to support Global Africa is unwavering. We are not starting from scratch. We are starting from strength. And we will not leave ACTIF2025 with another communiqué, we will leave here with a commitment to act, to build together, to trade together, to succeed together and rise together.”

In a sobering, yet empowering close, he added “no one is going to save Global Africa but Global Africa itself.”

More than a dozen sitting and former Heads of State, and Government representatives from Africa and the Caribbean are attending ACTIF2025. Among them are:
- Hon. Mia Amor Mottley, Prime Minister of Barbados
- Hon. Roosevelt Skerrit, Prime Minister of Dominica
- Hon. Dr. Terrance Drew, Prime Minister of St. Kitts and Nevis
- Hon. Philip J. Pierre, Prime Minister of Saint Lucia
- H.E. Kassim Majaliwa, Prime Minister of Tanzania (representing President Samia Suluhu)
- H.E. Prudence Sebahizi, Minister of Trade and Industry, Rwanda (representing President Paul Kagame)
- The Most Hon. PJ Patterson, Former Prime Minister of Jamaica
- H.E Chief Olusegun Obasanjo, Former President, Federal Republic of Nigeria
- H.E Mahamadou Issoufou, Former President, Republic of Niger
Meanwhile, five transformative deals totaling over US$290 million were signed on Day 1 of ACTIF2025, showcasing Afreximbank’s deepening investment in trade-enabling infrastructure and economic development across the Caribbean. Among the signings was a US$50 million Heads of Terms with the Government of Saint Kitts and Nevis for an Education Construction and Rehabilitation Climate-Linked Facility, and a US$40 million public-private partnership with Gemini Integrated Commodities Trading Company Ltd. to develop a modern commercial port in Saint Kitts. In The Bahamas, two landmark transactions were formalised: a US$100 million Receivables Discounting Facility for the Bahamas Striping Group of Companies to rehabilitate over 200 miles of road infrastructure, and a US$40 million facility with Cat Island Infrastructure Company Ltd. for critical roadworks. Rounding out the signings was a US$61.25 million agreement with Speedbird House Ltd. to finance a 150-room Homewood Suites by Hilton in Bridgetown, Barbados—under Afreximbank’s tourism-linked financing initiative, CONTOUR.

ACTIF2025 continues through 30 July, with panel discussions, business matchmaking sessions, cultural showcases, and deal signings that reflect the Forum’s commitment to moving from rhetoric to results. More than 1,700 people registered to attend ACTIF2025, reflecting the highest level of interest recorded across all four editions.

– on behalf of Afreximbank.

Media Contact:
Vincent Musumba
Communications and Events Manager (Media Relations)
Email: press@afreximbank.com

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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

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MIL OSI Africa –
July 30, 2025
MIL-OSI Africa: Nominations Now Open: African Power & Energy Elites 2025/2026
Source: APO – Report:

Nominations are officially open for the 10th edition of the African Power & Energy Elites: People and Projects – a leading platform recognising Africa’s most impactful energy and water sector leaders, pioneers, and innovations.

Known as The Elites, this annual initiative honours the changemakers transforming lives and systems across the continent – from expanding energy access to reshaping infrastructure through innovation, smart investment, and policy reform.

“The Elites is not an awards-based programme. It’s a respected platform for visibility, credibility, and connection. We’re calling on all stakeholders to help recognise excellence where it’s happening,”
– Nicolette Pombo-van Zyl, Editor-in-Chief, ESI Africa

Submit your nomination by 28 September 2025
Help spotlight the individuals and projects building Africa’s sustainable energy and water future.

Why It Matters
Millions in Africa still lack reliable electricity and clean water. The Elites platform brings attention to the innovators tackling these systemic challenges—from off-grid solar solutions and AI-driven utilities to clean mobility hubs and community-led water projects.

What’s New in 2025/2026
In this landmark 10th edition, categories have been updated to reflect the fast-evolving landscape:
- Leadership & Rising Stars
- Grid-tied & Off-grid Projects
- Smart & Digital Solutions
- Clean Mobility & Energy at Mines
- Water & Sanitation Innovations
- Finance & Investment Models
Open to individuals and organisations across the value chain—executives, technicians, developers, entrepreneurs, utilities, and beyond. Self-nominations are encouraged. Organisations may also sponsor a feature to align their brand with Africa’s top energy and water stories.

How to Nominate
Submit your nomination via this Google Form:
Nominate Now (https://apo-opa.co/4l0nsJS)

Find out more here:
ESI Africa – The Elites 2025/2026 (https://apo-opa.co/4lTuu4D)

All submissions will be reviewed by a trusted Elites Advisory Board, evaluating innovation, relevance, and impact.

Recognition for Selected Elites
Those featured will receive:
- Editorial feature in a respected industry magazine (print & digital)
- Exposure through ESI Africa, VUKA Group events, and digital campaigns
- Professional video interviews with project leads and leaders
- Social media promotion reaching thousands across Africa and globally
Deadline: 28 September 2025
Nominate now and help honour those powering Africa’s future.

– on behalf of VUKA Group.

Media files

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MIL OSI Africa –
July 30, 2025
MIL-OSI China: Bridging global intelligence divide: China’s solutions to making AI more inclusive

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

Bridging global intelligence divide: China’s solutions to making AI more inclusive

The 2025 World Artificial Intelligence Conference (WAIC), held from July 26 to 28 in Shanghai, brought together representatives from around the world to explore avenues for the inclusive growth of artificial intelligence (AI). China’s approach offered insights into how AI can deliver shared benefits and help bridge the global intelligence divide.

Under the theme “Global Solidarity in the AI Era,” the 2025 WAIC attracted over 1,500 guests from more than 30 countries and regions for in-depth exchanges and high-level forums. Featuring a record-breaking 70,000-square-meter exhibition, the 2025 WAIC unveiled over 3,000 AI innovations, including over 100 global and China-first debuts, showcasing a dynamic vision for global AI cooperation.

During the opening ceremony, several key initiatives and outcomes were announced, including an action plan for global AI governance, the International Open Source AI Cooperation Initiative, and the “AI from China·Benefits the World (2025)” case collection.

This photo taken on July 26, 2025 shows the opening ceremony of the 2025 World AI Conference and High-Level Meeting on Global AI Governance in east China’s Shanghai. (Xinhua/Fang Zhe)

MOBILIZING GLOBAL WISDOM

At the main forum of the high-level meeting on global AI governance, global leaders reflected on the profound challenge of ensuring AI develops as a force for good rather than harm. Geoffrey Hinton, 2024 Nobel Laureate in Physics, underscored that one of humanity’s greatest challenges is ensuring that intelligent AI systems are not only vastly capable but also continue to be aligned with human interests.

Hinton likened the development of such systems to raising a tiger cub, highlighting the importance of guiding AI behavior before it grows beyond our control. He stressed that no single nation can tackle the risks of advanced AI alone, and that building AI that is both powerful and subservient will require sustained global cooperation.

Echoing this view, a dialogue between former Google CEO Eric Schmidt and former Microsoft Executive Vice President Harry Shum explored how competition and cooperation must coexist in the AI era. Schmidt underlined the need for transnational cooperation to set rules for global competition and collaboration in AI.

This exchange embodies WAIC’s broader mission to advance AI development that is inclusive, responsible, and beneficial for all humanity.

With vast data resources, diverse application scenarios, and surging market demand driven by accelerating digital transformation, China offers fertile ground for AI model training, iteration, and deployment, laying a strong foundation for global cooperation and scalable innovation, according to Gary Gu, technology consulting managing partner of EY Greater China.

On July 26, an action plan for global AI governance was released. The plan outlines concrete steps to foster open collaboration and inclusive innovation, encouraging bold experimentation, building international platforms for scientific and technological cooperation, and cultivating a pro-innovation policy environment.

It also calls for strengthened alignment in policy and regulation, and lower technical barriers to promote breakthroughs in AI technology innovation and widespread AI applications. Particular emphasis is placed on supporting countries in the Global South to develop AI technologies and services in line with their local needs, helping them genuinely access and apply AI.

A staff member of Tencent (L) introduces Tairos, a modular embodied intelligence open platform, to visitors at the 2025 World AI Conference in east China’s Shanghai, July 27, 2025. (Xinhua/Chen Haoming)

INTERNATIONAL COOPERATION

At the 2025 WAIC, numerous outstanding cases demonstrated how Chinese enterprises, from leading AI model developers to industrial innovators, are leveraging AI technologies to share the benefits of AI development with more countries. This embodies China’s commitment to ensuring that AI serves not only as a driver for technological advancement but also as a tool for fostering inclusive growth.

At iFLYTEK’s exhibition area, the Spark X1 large model unveiled on July 25 has drawn significant attention from international visitors, who asked it questions in their native languages. The model now supports over 130 languages and excels in translation, reasoning, and text generation, facilitating deeper cross-border communication and cooperation.

“Our large model products are going global through intelligent terminals such as automobiles, and we are collaborating with partners in other countries on education and other fields,” said Wu Junhua, vice president of iFLYTEK. “The overseas expansion of large models shows the globalization of technology. Chinese-origin large models have begun their acceleration run, empowering the world.”

CITIC Dicastal’s plant in Morocco was listed as a “Lighthouse Factory” in January 2025, making it the first facility in Africa to achieve such recognition in the field of intelligent manufacturing. Representing a high level of global smart manufacturing, the plant has implemented over 40 digital use cases. From raw material selection to final packaging of aluminum wheels, every step is monitored and optimized in real time by intelligent systems. This has resulted in a 17 percent increase in overall equipment efficiency, a 27 percent boost in labor productivity, and a 31 percent reduction in defect rates.

French multinational Schneider Electric has emerged as a model of collaborative AI innovation through deep integration with China’s digital ecosystem. At the 2025 WAIC, Schneider Electric joined hands with several local partners to showcase cutting-edge industrial AI applications.

These included Digital Nail Technology, which specializes in AI-powered digital planning in manufacturing and Chance Digital Science & Technology, which showcased breakthrough solutions in AI-driven digital reconstruction and twin modeling for process industries. These collaborations reflect a model of inclusive innovation, leveraging global expertise and China’s vibrant AI ecosystem to accelerate real-world adoption and foster shared progress.

“China’s commitment to driving high-quality development through AI and technological innovation aligns perfectly with our vision of sustainable, green productivity. By partnering with leading Chinese enterprises, we are not only bringing global best practices to China but also exporting China’s vibrant AI ecosystem and innovations to the world,” said Philippe Rambach, Schneider Electric’s Senior Vice President and Chief Artificial Intelligence Officer. “We aim to harness AI’s full potential to build a smarter, greener future — ‘in China for China, in China for the world.’”

Visitors try the WPS Office AI system at the 2025 World AI Conference in east China’s Shanghai, July 27, 2025. (Xinhua/Fang Zhe)

PROMISING INITIATIVES, PARTNERSHIPS

Building on its vision for inclusive AI development, China is actively promoting initiatives and alliances designed to consolidate, standardize, and promote global artificial intelligence cooperation. These efforts strongly focus on supporting developing countries as they seek to bridge the “intelligence divide,” ensuring that the benefits of AI innovation are shared equitably.

At the “Win-Win BRICS” forum held as part of the 2025 WAIC, representatives from many countries and international organizations gathered to discuss AI cooperation. The forum launched the BRICS AI Industry Cooperation Network, aimed at promoting standard alignment, policy dialogue, and practical AI collaboration.

Zhang Jun, product lead of Baidu’s PaddlePaddle framework, emphasized at the forum that open-source AI plays a vital role in driving inclusive technological development by making AI benefits more accessible. He noted that many of Baidu’s products and services are actively embracing large model technologies, and through open-source strategies, the company is working to extend AI capabilities to a broader user base.

Another key milestone was the launch of the Global Call for AIM Global Centers of Excellence by the United Nations Industrial Development Organization (UNIDO), aimed at accelerating AI application in manufacturing and promoting digital transformation across developing countries. This initiative fosters international collaboration and resource sharing to catalyze industrial AI innovation worldwide.

Jason Slater, chief of division of digital transformation and artificial intelligence of UNIDO, praised China’s support in Africa, especially in Ethiopia, highlighting its efforts to establish centers of excellence, expand technology access, enhance individual skills, and strengthen local innovation ecosystems — bringing AI benefits to those who need them most.

China’s commitment to sharing AI governance experience and fostering international partnerships was also highlighted by the launch of “MAZU-Urban,” an AI-powered early warning system for multi-hazard disaster prevention.

Donated to Djibouti and Mongolia, this system exemplifies China’s approach to embedding AI solutions in global public goods, enhancing resilience in vulnerable regions.

MIL OSI China News –

July 30, 2025
MIL-OSI Africa: SA granted €500 million loan for Energy Transition

Source: Government of South Africa

South Africa has been granted a €500 million loan for the implementation of the country’s Just Energy Transition (JET) plan by the German Cooperation via KFW Development Bank (KFW).

This loan is part of South Africa’s third Development Policy Operation and participants included the World Bank, African Development Bank, Japan International Cooperation Agency, and the Organisation of the Petroleum Exporting Countries Fund.

“It supports structural reforms to enhance the efficiency, resilience and sustainability of the country’s infrastructure services, with a specific focus on the energy sector and climate mitigation.

“KFW’s financing forms part of government’s broader efforts to implement structural reforms that strengthen public institutions, crowd in private investment, and improve service delivery across priority sectors of the economy,” National Treasury said on Monday.

This loan agreement builds on the two policy loans concluded in 2022 and 2023, and forms part of Germany’s pledge at COP26 to support South Africa’s Just Energy Transition Partnership (JETP).

Germany’s three policy loans, implemented by KFW, total €1.3 billion and form part of a larger package of JETP projects supported by the German Government via loans, technical assistance and grants.

“The Minister of Finance, Enoch Godongwana, [has] highlighted the significance of South Africa’s partnership with Germany and KFW that remains critical to South Africa’s development agenda and marks a significant step towards strengthening South Africa’s short- and medium-term energy security measures, promoting decarbonisation and enhancing the socio-economic benefits of the energy transition for disadvantaged communities, thereby enabling inclusive economic growth and fostering job creation.

“The Minister also emphasised the need for further policy and institutional reforms in the energy sector to create an enabling environment for the investment required for a just energy transition,” National Treasury said.

KFW’s Country Director for South Africa, Cornelia Tittmann, said the loan seeks to support the government of South Africa’s continued commitment to reforms in the energy sector, which give effect to South Africa’s climate commitments and enable the private sector to participate, opening new avenues to strengthen economic cooperation between Germany and South Africa. –SAnews.gov.za

MIL OSI Africa –

July 30, 2025
MIL-OSI Africa: North West allocates over R36 million to boost red meat industry

Source: Government of South Africa

The North West Department of Agriculture and Rural Development has committed R36.856 million to the Red Meat Industry Development and Enhancement Programme, to reposition the province as a key player in South Africa’s red meat economy.

Agriculture and Rural Development MEC, Madoda Sambatha announced the funding during his department’s policy and budget speech at the North West Provincial Legislature.

The programme is expected to directly benefit 7 242 farmers, including 4 728 men, 2 219 women, 252 youth, and 43 people with disabilities.

The initiative will provide structured production support, access to value chains, and market integration.

“The initiative will be implemented through the beef beneficiation aggregation model, a framework designed to enhance farmer coordination, improve processing capacity, and establish sustainable linkages to commercial markets.”

The provincial department announced that the Dr Ruth Segomotsi Mompati District will be prioritised due to its high concentration of beef farming operations and its important role in the provincial livestock value chain.

In addition to boosting production, the programme is expected to create 321 temporary jobs and 87 permanent jobs, particularly in areas such as aggregation, logistics, technical extension, and feedlot operations.

The department believes that this move aligns with its broader goals of advancing rural development, increasing household incomes, and reducing unemployment in underserved communities.

Sambatha has declared the R36.8 million injection into the red meat industry, a decisive turning point for the North West agricultural sector.

“This is more than just funding; it is a bold statement of intent. We are transforming the red meat value chain, unlocking opportunities for emerging farmers, and positioning the province as a powerhouse in livestock production,” said Sambatha.

The MEC is of the view that this investment is a clear demonstration of the province’s steadfast commitment to building a transformed, competitive, and inclusive red meat industry.

“Through this programme, we are not only empowering our farmers, but also driving economic growth, boosting job creation, and laying a solid foundation for long-term food security and agro-industrial development,” Sambatha added.

The Red Meat Industry Development and Enhancement Programme forms part of the department’s strategy to broaden participation, enhance local beneficiation, and stimulate growth across rural economies, while contributing meaningfully to the provincial and national gross domestic product (GDP). – SAnews.gov.za

MIL OSI Africa –

July 30, 2025

Category: Africa

Towards COP30: From dialogue to delivery

AFRICOM Deputies Engage with Angolan Leaders to Strengthen Security Cooperation