Families in Princeton will now have access to 80 new child care spaces at the Riverside Learning Centre.
“Access to more high-quality, affordable child care spaces will make a real difference for the women, and working and single parents in the Princeton community,” said Rohini Arora, parliamentary secretary for child care. “We know that having access to high-quality, affordable child care allows parents, especially women, to stay in the workforce or return to school, directly helping families and the local economy thrive, while their children are growing and learning.”
The Province partnered with School District 58 (Nicola-Similkameen) on this project, which was supported by more than $10.2 million from the ChildCareBC New Spaces Fund. This fund is jointly supported by provincial investments and federal funding under the 2021-22 to 2030-31 Canada-British Columbia Canada-wide Early Learning and Child Care Agreement. British Columbia and the federal government signed an extension to the agreement for 2026-27 to 2030-31.
This child care centre will provide a total of 122 child care spaces, including 42 existing spaces and 80 new spaces. This includes 24 spaces for infant-toddlers, 50 spaces for children 2.5 years old to kindergarten, and 48 spaces for school-age care. These new child care spaces bring the total number of child care spaces funded through the ChildCareBC space-creation programs in Princeton and surrounding areas to 206.
“As a district, we are exceptionally grateful the ministry has invested in rural British Columbia to provide a state-of-the-art child care centre in Princeton,” said Courtney Lawrance, superintendent of schools, SD58 (Nicola-Similkameen). “Children truly are our future and a solid foundation of early learning supports the long-term vitality of the community. We dreamed big with the vision for the project and with this opening, our dream has come true.”
Since 2018, ChildCareBC’s space-creation programs have helped fund more than 40,900 new licensed child care spaces in B.C. and 24,900 of those are now open. Expanding access to affordable, high-quality child care spaces is part of the Province’s ChildCareBC plan.
Learn More:
For information about ChildCareBC, visit: https://www.gov.bc.ca/childcare/newspacesfund
For information about the ChildCareBC New Spaces Fund, visit: https://www.gov.bc.ca/childcare/newspacesfund
For information about how to connect to services and help save money, visit the BC Benefits Connector: https://gov.bc.ca/BCBenefitsConnector
Construction will begin this summer for the new ferry terminal in downtown Victoria, following the awarding of a design-build contract to Pomerleau Inc.
Early work will begin by the end of June with major construction of the new landmark terminal to begin later in the summer. Once complete, the new terminal will provide a more comfortable and seamless experience for those travelling to and from downtown Victoria by ferry.
“The new Belleville terminal will provide a smoother and more secure travel experience for tourists coming to Victoria and the south Island, supporting local jobs, businesses and our region’s economy,” said Mike Farnworth, Minister of Transportation and Transit. “A modern ferry terminal has been a goal of the community and all levels of government for over two decades. This major milestone brings us another step closer to offering improved ferry services and more convenient travel for decades to come.”
Construction of the new facility will involve demolishing existing Clipper terminal infrastructure and building a new pre-clearance terminal building with modern border-security standards. It also includes replacing aging wharf facilities and building a new commercial goods processing facility.
“As an international gateway for goods, services and tourism, enhancing safety, security and trade between Vancouver Island and Washington state is integral to Canada’s economy,” said Will Greaves, MP for Victoria. “Our government looks forward to the construction of the pre-clearance terminal and commercial goods processing facility, which will strengthen our commitment to a sustainable economy and support local tourism in Greater Victoria.”
The new pre-clearance terminal will comply with the Canada-U.S. Land, Rail, Marine and Air Transport Preclearance Agreement, and will make travel faster and easier by allowing passengers to complete the customs and immigration process in Victoria prior to disembarking in the U.S.
Through competitive request-for-qualifications and request-for-proposal processes, Pomerleau Inc. was awarded a $304-million design-build contract. The overall project cost has increased from the $331 million budget that was approved in 2024, due to complex geotechnical and seismic conditions, site constraints and significant soil contamination that will require extensive remediation. Other factors include inflation and safeguarding against economic uncertainty related to tariffs on steel and other products. The federal government has confirmed it will increase its contribution to more than $45 million for the project. The new cost of the project is $416 million.
The Belleville Terminal Redevelopment Project is taking place within the territories of the lək̓wəŋən (Lekwungen) people, represented by the Esquimalt Nation and Songhees Nation. The project team is working collaboratively and respectfully with both Nations.
The project is expected to be completed in 2028.
Quotes:
Marianne Alto, mayor of Victoria –
“I’m excited we are embarking on the next phase of the Belleville Terminal Redevelopment Project. This bold step forward underscores Victoria’s shared commitment to developing innovative and sustainable infrastructure and lays the foundation for improved travel for residents and visitors for years to come.”
Bruce Williams, CEO, Greater Victoria Chamber of Commerce –
“The chamber has been an outspoken proponent for modernizing Belleville terminal for decades, and we’re happy to see the project meet new milestones along its way to completion. With so much uncertainty affecting the economy, we support this project as an important investment in the future of Greater Victoria and as a confirmation of the value the Clipper and Coho bring to our region.”
Paul Nursey, CEO, Destination Greater Victoria –
“With 30 years of dedicated advocacy for Belleville terminal’s redevelopment, our organization, as the region’s tourism board, values the steady progress being made. We recognize the importance of this project and are encouraged by the federal government’s increased investment. Clear dates and timelines remain a priority for our members, and we look forward to the significant benefits this project will bring to Greater Victoria’s visitor economy once complete.”
Quick Facts:
Phase 1 of the Belleville Terminal Redevelopment Project is complete.
Key upgrades completed during Phase 1 include:
the expansion and reconfiguration of the Steamship wharf;
renovations and an expansion to the Steamship building; and,
enhancements to the Black Ball building and property to ensure Clipper, Black Ball Ferry Line, U.S. Customs and Border Protection, and the Canadian Border Services Agency can continue operating during Phase 2 construction.
These improvements were designed to ensure uninterrupted ferry service between Vancouver Island and Washington state during the next stage of construction.
Learn More:
Visit the Belleville project website for the latest updates: https://www2.gov.bc.ca/bellevilleterminal
Saskatchewan residents are now able to check the water quality at local beaches.
Starting this week, the Ministry of Health will begin posting the results of the Healthy Beaches program, which reports on the water quality at select recreational beaches across the province. Accurate information about water quality can provide protection to beachgoers who want a safe and enjoyable experience.
“Saskatchewan beaches are an important part of summer recreation for residents,” Health Minister Jeremy Cockrill said. “The Healthy Beaches program provides valuable safety information, and we encourage residents and visitors to check the status of the beach they are visiting before they head out.”
Water samples are collected and analyzed from June through August at various Saskatchewan public beaches including Regina Beach, Echo Lake and Pike Lake. Sampling is conducted to determine whether water quality meets the Canadian Recreational Water Guidelines. Water sampling began June 23 and results will be available later this week.
Results will be available on the Healthy Beaches Public Map. If water quality falls below acceptable safety standards advisories will be issued.
“The Healthy Beaches program is essential to public health,” Saskatchewan’s Chief Medical Health Officer Dr. Saqib Shahab said. “This will help people make decisions about their in-water activities when visiting provincial lakes.”
The public is encouraged to check the Healthy Beaches webpage before making summer plans and adhere to advisories. Residents are asked to report any concerns about water quality to their local Public Health Inspection office.
It is also important that residents follow notifications posted at the beach as closures can happen evenings or weekend and may not be immediately reflected on the website.
For more information about the Healthy Beaches program, including water quality reports and safety tips, visit: www.saskatchewan.ca/healthy-beaches.
-30-
For more information, contact:
Media Relations Health Regina Phone: 306-787-4083 Email: media@health.gov.sk.ca
June 24, 2025 – Ottawa, Ontario – National Defence / Canadian Armed Forces
The Honourable David McGuinty, Minister of National Defence, will make his inaugural visit to Latvia from June 25 to 26, 2025. During his trip, he will participate in a flower laying ceremony ahead of his first bilateral meeting with Andris Sprūds, Defence Minister of Latvia. Minister McGuinty will also personally thank Canadian Armed Forces members deployed in the country for their service.
The Minister will attend the Transfer of Command Authority ceremony for the Canadian-led North Atlantic Treaty Organization Multinational Brigade in Latvia, where he will deliver remarks. Following the ceremony, Minister McGuinty will hold an audio-only callback with media.
Minister McGuinty’s visit underscores Canada’s steadfast dedication to NATO and its commitment to supporting deterrence and defence efforts in the region.
Media Callback Details:
Date: June 26, 2025
Time: 5:30 p.m. EEST
Registration: Media are requested to pre-register by emailing mlo-blm@forces.gc.ca. Further information will be provided upon registration.
STONE MOUNTAIN, Ga. and EDMONTON, Alberta, June 24, 2025 (GLOBE NEWSWIRE) — Today, sonnen, a global leader in energy storage and virtual power plant (VPP) technology, launched its first VPP in Canada at Blatchford Lands, a master planned community designed for net-zero living and a reduced environmental footprint. Landmark Homes, a recognized leader in sustainable and innovative home construction and the builder behind Blatchford Lands, collaborated with sonnen, along with utility provider EPCOR, electric retail provider Solartility and the University of Alberta. Together, these energy leaders developed the VPP that can be considered the vanguard of a newly decentralized and digitalized clean energy system for the future of Canada.
With this inaugural VPP launch into Canada, sonnen once again sets the standard for innovation in solar powered battery storage systems deployed across master planned communities as a virtual power plant. The Blatchford Lands VPP is the first of its kind on scope and scale for Canada. As a primer for broad adoption throughout the EPCOR service territory, this project constitutes the beginning of renewable energy and grid coordination’s evolution. sonnen, with its partners, is providing the community and its residents with emergency back-up power, daily management of peak energy use and demand response, among other grid services, for the overall management of the electric grid.
As a prototype, the Blatchford Lands VPP begins with 100 sonnen batteries deployed throughout the master planned community, representing nearly a half a megawatt (MW) of power and over two megawatt hours (MWh) of storage capacity that will support the Canadian energy grid. Following this initial deployment, sonnen plans to launch VPPs throughout Alberta and into other Canadian regions, with potential to reach over 3,000 individual sites, providing more than18 MW of energy and 60 MWHs of grid support over the next 3 years.
“What has been achieved at Blatchford Lands is extremely special, and even beyond many of the VPP market designs in America,” said Blake Richetta, Chairman and CEO of sonnen Inc. USA. “sonnen proudly stands behind our Canadian colleagues and customers, as our sister market, and as the closest of friends to the American people.”
sonnen, Solartility and the University of Alberta envision this highly innovative master planned community VPP project to become a replicable model for communities across the province and throughout Canada. This model can also be replicated in select U.S. markets, like Texas, where sonnen recently announced a Virtual Power Plant Power Purchase Agreement (VPA) and launched behind-the-meter, battery-enabled VPPs.
“Canada has developed into a rich and innovative VPP market thanks to the pioneering efforts and support from great partners,” said Geoff Ferrell, Senior Vice President – Global C&I and VPP Project Business of sonnen Inc. USA. “The coming together of builders like Landmark Homes, the utility EPCOR, retail providers like Solartility, and academics like those at the University of Alberta, are working together to build this innovative VPP program at Blatchford Lands and beyond.”
With awards from Emissions Reduction Alberta (ERA), the Canadian Home Builders’ Association (CHBA), the Federation of Consulting Engineers (FIDIC), among others, Blatchford Lands has been recognized for its commitment to sustainability and innovative community planning. Residents can enjoy diverse housing options equipped with renewable energy sources for heating and cooling—all in a centrally located neighborhood that once served as Edmonton’s municipal airport, now reimagined as a model for sustainable urban development.
Blatchford Lands is the latest sonnen VPP to launch at a master planned community, following wildly successful deployments at Soleil Lofts and Soleil Tech Park in Utah, Pearl Homes’ nationally renowned Hunters Point in Cortez Florida, and Mandalay Homes in Arizona, among other projects.
ABOUT sonnen sonnen is a global leader in smart energy storage systems for residential use and a pioneer in residential battery-based virtual power plants. The sonnen VPP is recognized as a model for the decentralized, digitalized, and decarbonized energy system of the future. As one of the most experienced and rapidly growing VPP energy storage companies worldwide, sonnen has earned numerous international awards for its technological achievements. The sonnenCommunity, a network of visionaries worldwide, utilizes sonnen’s products and services to promote clean and affordable energy for all. With offices in Germany, Italy, Spain, Australia, and the USA, sonnen is a wholly owned subsidiary of Shell. Learn more at: https://sonnenusa.com
Turkey is stepping up its influence in west Africa as the geopolitical and economic landscape in the region shifts. In Senegal, the state-owned Turkish Petroleum Corporation has entered a key partnership in the oil and gas sector. Meanwhile, Karpowership, a company providing electricity via floating power plants, now supplies energy to eight African countries. But Turkey’s not stopping there. As part of its soft power strategy, it is also winning hearts and minds through education and culture while deepening trade and security ties.
Historian Issouf Binaté, who has studied Turkey’s growing presence in west Africa, breaks down how Ankara is positioning itself as an alternative to both former colonial powers and newer global players competing for influence on the continent.
What drives Turkey’s growing influence in west Africa?
Turkey’s foreign policy in west Africa leans on two main pillars.
The other is more grassroots, led by non-state actors such as religious foundations and NGOs.
These groups laid the groundwork for Turkey’s African expansion long before Ankara officially stepped in.
A key player in Turkey’s earlier outreach was the Gülen movement, named after preacher Fethullah Gülen (1941–2024). The Gülen movement pioneered Turkey’s soft power approach with “Turkish schools”, starting with the Yavuz Sultan Selim and Yavuz Selim-Bosphore high schools in Dakar in 1997.
Also at the end of the 1990s a network composed of Turkish business leaders and social activists under the Turkish Confederation of Businessmen and Industrialists, which claimed over 100,000 member companies, expanded Turkey’s influence across Africa. At that time, Turkey had only three diplomatic representations for the whole of sub-Saharan Africa.
The more recent contact with Africa comes at a time when western hegemony faces growing criticism from a new generation of Africans engaged in decolonial movements. Gülen-affiliated institutions now number 113, alongside religious and secular schools run by other groups like Mahmud Hudayi Vakfi and Hayrat Vakfi. Since the 2016 political rift between Gülen and President Recep Tayyip Erdoğan, these schools were gradually transferred to Maarif Foundation, Turkey’s state-run overseas education arm.
Back in 2003, Turkey had only 12 diplomatic missions across Africa. Today, that number has grown to 44, bolstered by Turkish religious foundations (like Mahmud Hudayi Vakfi and Hayrat Vakfi), NGOs, and entrepreneurs who have filled the gap left by the Gülen movement.
Another powerful player in Turkey’s Africa strategy is Turkish Airlines, now one of the top carriers on the continent. It is now flying to 62 airports in 41 African countries.
What role do west African students trained in Turkey play?
By investing in education, Turkey didn’t just open its doors to African students. It also planted the seeds for a long-term influence strategy. These students, and more broadly young African migrants trained in Turkey, are now among the key messengers of “Turkishness” back home.
In doing so, Ankara is following a familiar path once used by colonial powers. They used student mobility as a powerful tool for their diplomacy.
Then, in the 1990s, Turkey continued this effort through a scholarship programme for African students, supported by the Islamic Development Bank. During this period, Turkey launched the Büyük Öğrenci Projesi (Great Student Project), which provided scholarships to international students.
Starting in 2012, this programme was re-branded as YTB (Yurtdışı Türkler ve Akraba Topluluklar Başkanlığı, or Directorate for Turks Abroad and Related Communities). It introduced reforms, including a digital application process for scholarships via an app on the YTB website. This shift caused a dramatic spike in interest. Applications soared from 10,000 to 155,000 between 2012 and 2020.
For non-scholarship students, Turkey simplified visa processes, reduced tuition fees, and offered other incentives. These measures contributed to a significant increase in the number of applicants to study in Turkey. As the number of universities in Turkey jumped from 76 to 193 between 2003 and 2015, the country became increasingly attractive.
By 2017, Turkey had become the 13th most popular destination for students from sub-Saharan Africa, according to Campus France (a platform that supports international students studying in France). By 2019, there were an estimated 61,000 African students studying in Turkey.
Now, nearly three decades into this strategy, many of these former students are stepping into new roles. They are taking over from Turkish entrepreneurs in fostering socioeconomic ties with Africa. They also act as bridges, promoting Turkish universities and supporting visitors in areas like medical and industrial tourism.
In Istanbul, some run cargo companies – some of them informal – that ship goods to Africa. Others are working to formalise these ventures and build long-term economic bridges. Groups like Bizim Afrika, a network of African Turkish-speakers, and the Federation of African Students in Turkey (founded in 2019), are playing key roles in shaping this next chapter of Turkey–Africa relations.
How is Turkey’s strategy in west Africa different from that of China or France?
In substance, Turkey’s strategy isn’t so different from that of France or China. It also carries traces of colonial thinking, even though its approach leans more on religious soft power like building mosques across Africa. Unlike France, which used force in its colonial past, Turkey is trying to gain influence through other means. It uses familiar tools: embassies, schools, cinema, security services, and development agencies.
While access to Europe, the US and Canada has become more difficult due to stricter visa rules, Turkey has opened its doors. It eased visa procedures for African business people, expanded its universities, and promoted medical tourism.
Turkey has become a hub for several sectors. It’s a major centre for nose surgery (rhinoplasty), hair transplants, and textiles. Its textile industry now supplies traders at Makola Market in Accra, Adjamé’s Forum in Côte d’Ivoire, and the Grand Marché in Bamako.
Turkey’s presence in Africa is now visible in several symbolic ways. You can see it in Maarif schools, murals at Abidjan airport, the “Le Istanbul” restaurant in Niamey’s government district, or the National Mosque in Accra, modelled after Istanbul’s Blue Mosque.
Turkey’s engagement is a work in progress. But its outreach to Africa is already yielding results. Trade volume reached US$40.7 billion in 2022. The return of the first waves of African students trained in Turkey has shifted the dynamic. Cooperation no longer relies solely on Turkish business people and social entrepreneurs.
Even though African elites often speak English, French or Arabic, new voices are emerging. Young people trained in Turkey are beginning to find their place. Many work in import-export, construction, and even Islamic religious leadership. This trend points to promising prospects for long-term ties.
For Turkey, Africa represents a continent with major economic opportunities. Becoming a trusted partner is now a key goal. On the diplomatic level, Turkey gained observer status at the African Union in 2005 and has hosted Turkey-Africa summits in Istanbul since 2008.
This growing involvement suggests that Turkey’s role in Africa is likely to last. It will depend on the continent’s market needs, especially at a time when many African countries are rethinking their relationships with traditional western powers and international institutions.
Issouf Binaté does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Turkey is stepping up its influence in west Africa as the geopolitical and economic landscape in the region shifts. In Senegal, the state-owned Turkish Petroleum Corporation has entered a key partnership in the oil and gas sector. Meanwhile, Karpowership, a company providing electricity via floating power plants, now supplies energy to eight African countries. But Turkey’s not stopping there. As part of its soft power strategy, it is also winning hearts and minds through education and culture while deepening trade and security ties.
Historian Issouf Binaté, who has studied Turkey’s growing presence in west Africa, breaks down how Ankara is positioning itself as an alternative to both former colonial powers and newer global players competing for influence on the continent.
What drives Turkey’s growing influence in west Africa?
Turkey’s foreign policy in west Africa leans on two main pillars.
The other is more grassroots, led by non-state actors such as religious foundations and NGOs.
These groups laid the groundwork for Turkey’s African expansion long before Ankara officially stepped in.
A key player in Turkey’s earlier outreach was the Gülen movement, named after preacher Fethullah Gülen (1941–2024). The Gülen movement pioneered Turkey’s soft power approach with “Turkish schools”, starting with the Yavuz Sultan Selim and Yavuz Selim-Bosphore high schools in Dakar in 1997.
Also at the end of the 1990s a network composed of Turkish business leaders and social activists under the Turkish Confederation of Businessmen and Industrialists, which claimed over 100,000 member companies, expanded Turkey’s influence across Africa. At that time, Turkey had only three diplomatic representations for the whole of sub-Saharan Africa.
The more recent contact with Africa comes at a time when western hegemony faces growing criticism from a new generation of Africans engaged in decolonial movements. Gülen-affiliated institutions now number 113, alongside religious and secular schools run by other groups like Mahmud Hudayi Vakfi and Hayrat Vakfi. Since the 2016 political rift between Gülen and President Recep Tayyip Erdoğan, these schools were gradually transferred to Maarif Foundation, Turkey’s state-run overseas education arm.
Back in 2003, Turkey had only 12 diplomatic missions across Africa. Today, that number has grown to 44, bolstered by Turkish religious foundations (like Mahmud Hudayi Vakfi and Hayrat Vakfi), NGOs, and entrepreneurs who have filled the gap left by the Gülen movement.
Another powerful player in Turkey’s Africa strategy is Turkish Airlines, now one of the top carriers on the continent. It is now flying to 62 airports in 41 African countries.
What role do west African students trained in Turkey play?
By investing in education, Turkey didn’t just open its doors to African students. It also planted the seeds for a long-term influence strategy. These students, and more broadly young African migrants trained in Turkey, are now among the key messengers of “Turkishness” back home.
In doing so, Ankara is following a familiar path once used by colonial powers. They used student mobility as a powerful tool for their diplomacy.
Then, in the 1990s, Turkey continued this effort through a scholarship programme for African students, supported by the Islamic Development Bank. During this period, Turkey launched the Büyük Öğrenci Projesi (Great Student Project), which provided scholarships to international students.
Starting in 2012, this programme was re-branded as YTB (Yurtdışı Türkler ve Akraba Topluluklar Başkanlığı, or Directorate for Turks Abroad and Related Communities). It introduced reforms, including a digital application process for scholarships via an app on the YTB website. This shift caused a dramatic spike in interest. Applications soared from 10,000 to 155,000 between 2012 and 2020.
For non-scholarship students, Turkey simplified visa processes, reduced tuition fees, and offered other incentives. These measures contributed to a significant increase in the number of applicants to study in Turkey. As the number of universities in Turkey jumped from 76 to 193 between 2003 and 2015, the country became increasingly attractive.
By 2017, Turkey had become the 13th most popular destination for students from sub-Saharan Africa, according to Campus France (a platform that supports international students studying in France). By 2019, there were an estimated 61,000 African students studying in Turkey.
Now, nearly three decades into this strategy, many of these former students are stepping into new roles. They are taking over from Turkish entrepreneurs in fostering socioeconomic ties with Africa. They also act as bridges, promoting Turkish universities and supporting visitors in areas like medical and industrial tourism.
In Istanbul, some run cargo companies – some of them informal – that ship goods to Africa. Others are working to formalise these ventures and build long-term economic bridges. Groups like Bizim Afrika, a network of African Turkish-speakers, and the Federation of African Students in Turkey (founded in 2019), are playing key roles in shaping this next chapter of Turkey–Africa relations.
How is Turkey’s strategy in west Africa different from that of China or France?
In substance, Turkey’s strategy isn’t so different from that of France or China. It also carries traces of colonial thinking, even though its approach leans more on religious soft power like building mosques across Africa. Unlike France, which used force in its colonial past, Turkey is trying to gain influence through other means. It uses familiar tools: embassies, schools, cinema, security services, and development agencies.
While access to Europe, the US and Canada has become more difficult due to stricter visa rules, Turkey has opened its doors. It eased visa procedures for African business people, expanded its universities, and promoted medical tourism.
Turkey has become a hub for several sectors. It’s a major centre for nose surgery (rhinoplasty), hair transplants, and textiles. Its textile industry now supplies traders at Makola Market in Accra, Adjamé’s Forum in Côte d’Ivoire, and the Grand Marché in Bamako.
Turkey’s presence in Africa is now visible in several symbolic ways. You can see it in Maarif schools, murals at Abidjan airport, the “Le Istanbul” restaurant in Niamey’s government district, or the National Mosque in Accra, modelled after Istanbul’s Blue Mosque.
Turkey’s engagement is a work in progress. But its outreach to Africa is already yielding results. Trade volume reached US$40.7 billion in 2022. The return of the first waves of African students trained in Turkey has shifted the dynamic. Cooperation no longer relies solely on Turkish business people and social entrepreneurs.
Even though African elites often speak English, French or Arabic, new voices are emerging. Young people trained in Turkey are beginning to find their place. Many work in import-export, construction, and even Islamic religious leadership. This trend points to promising prospects for long-term ties.
For Turkey, Africa represents a continent with major economic opportunities. Becoming a trusted partner is now a key goal. On the diplomatic level, Turkey gained observer status at the African Union in 2005 and has hosted Turkey-Africa summits in Istanbul since 2008.
This growing involvement suggests that Turkey’s role in Africa is likely to last. It will depend on the continent’s market needs, especially at a time when many African countries are rethinking their relationships with traditional western powers and international institutions.
Issouf Binaté does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Source: The Conversation – Africa – By Issouf Binaté, enseignant-chercheur, Université Alassane Ouattara de Bouaké
Turkey is stepping up its influence in west Africa as the geopolitical and economic landscape in the region shifts. In Senegal, the state-owned Turkish Petroleum Corporation has entered a key partnership in the oil and gas sector. Meanwhile, Karpowership, a company providing electricity via floating power plants, now supplies energy to eight African countries. But Turkey’s not stopping there. As part of its soft power strategy, it is also winning hearts and minds through education and culture while deepening trade and security ties.
Historian Issouf Binaté, who has studied Turkey’s growing presence in west Africa, breaks down how Ankara is positioning itself as an alternative to both former colonial powers and newer global players competing for influence on the continent.
What drives Turkey’s growing influence in west Africa?
Turkey’s foreign policy in west Africa leans on two main pillars.
The other is more grassroots, led by non-state actors such as religious foundations and NGOs.
These groups laid the groundwork for Turkey’s African expansion long before Ankara officially stepped in.
A key player in Turkey’s earlier outreach was the Gülen movement, named after preacher Fethullah Gülen (1941–2024). The Gülen movement pioneered Turkey’s soft power approach with “Turkish schools”, starting with the Yavuz Sultan Selim and Yavuz Selim-Bosphore high schools in Dakar in 1997.
Also at the end of the 1990s a network composed of Turkish business leaders and social activists under the Turkish Confederation of Businessmen and Industrialists, which claimed over 100,000 member companies, expanded Turkey’s influence across Africa. At that time, Turkey had only three diplomatic representations for the whole of sub-Saharan Africa.
The more recent contact with Africa comes at a time when western hegemony faces growing criticism from a new generation of Africans engaged in decolonial movements. Gülen-affiliated institutions now number 113, alongside religious and secular schools run by other groups like Mahmud Hudayi Vakfi and Hayrat Vakfi. Since the 2016 political rift between Gülen and President Recep Tayyip Erdoğan, these schools were gradually transferred to Maarif Foundation, Turkey’s state-run overseas education arm.
Back in 2003, Turkey had only 12 diplomatic missions across Africa. Today, that number has grown to 44, bolstered by Turkish religious foundations (like Mahmud Hudayi Vakfi and Hayrat Vakfi), NGOs, and entrepreneurs who have filled the gap left by the Gülen movement.
Another powerful player in Turkey’s Africa strategy is Turkish Airlines, now one of the top carriers on the continent. It is now flying to 62 airports in 41 African countries.
What role do west African students trained in Turkey play?
By investing in education, Turkey didn’t just open its doors to African students. It also planted the seeds for a long-term influence strategy. These students, and more broadly young African migrants trained in Turkey, are now among the key messengers of “Turkishness” back home.
In doing so, Ankara is following a familiar path once used by colonial powers. They used student mobility as a powerful tool for their diplomacy.
Then, in the 1990s, Turkey continued this effort through a scholarship programme for African students, supported by the Islamic Development Bank. During this period, Turkey launched the Büyük Öğrenci Projesi (Great Student Project), which provided scholarships to international students.
Starting in 2012, this programme was re-branded as YTB (Yurtdışı Türkler ve Akraba Topluluklar Başkanlığı, or Directorate for Turks Abroad and Related Communities). It introduced reforms, including a digital application process for scholarships via an app on the YTB website. This shift caused a dramatic spike in interest. Applications soared from 10,000 to 155,000 between 2012 and 2020.
For non-scholarship students, Turkey simplified visa processes, reduced tuition fees, and offered other incentives. These measures contributed to a significant increase in the number of applicants to study in Turkey. As the number of universities in Turkey jumped from 76 to 193 between 2003 and 2015, the country became increasingly attractive.
By 2017, Turkey had become the 13th most popular destination for students from sub-Saharan Africa, according to Campus France (a platform that supports international students studying in France). By 2019, there were an estimated 61,000 African students studying in Turkey.
Now, nearly three decades into this strategy, many of these former students are stepping into new roles. They are taking over from Turkish entrepreneurs in fostering socioeconomic ties with Africa. They also act as bridges, promoting Turkish universities and supporting visitors in areas like medical and industrial tourism.
In Istanbul, some run cargo companies – some of them informal – that ship goods to Africa. Others are working to formalise these ventures and build long-term economic bridges. Groups like Bizim Afrika, a network of African Turkish-speakers, and the Federation of African Students in Turkey (founded in 2019), are playing key roles in shaping this next chapter of Turkey–Africa relations.
How is Turkey’s strategy in west Africa different from that of China or France?
In substance, Turkey’s strategy isn’t so different from that of France or China. It also carries traces of colonial thinking, even though its approach leans more on religious soft power like building mosques across Africa. Unlike France, which used force in its colonial past, Turkey is trying to gain influence through other means. It uses familiar tools: embassies, schools, cinema, security services, and development agencies.
While access to Europe, the US and Canada has become more difficult due to stricter visa rules, Turkey has opened its doors. It eased visa procedures for African business people, expanded its universities, and promoted medical tourism.
Turkey has become a hub for several sectors. It’s a major centre for nose surgery (rhinoplasty), hair transplants, and textiles. Its textile industry now supplies traders at Makola Market in Accra, Adjamé’s Forum in Côte d’Ivoire, and the Grand Marché in Bamako.
Turkey’s presence in Africa is now visible in several symbolic ways. You can see it in Maarif schools, murals at Abidjan airport, the “Le Istanbul” restaurant in Niamey’s government district, or the National Mosque in Accra, modelled after Istanbul’s Blue Mosque.
The.Amuzujoe
Turkey’s engagement is a work in progress. But its outreach to Africa is already yielding results. Trade volume reached US$40.7 billion in 2022. The return of the first waves of African students trained in Turkey has shifted the dynamic. Cooperation no longer relies solely on Turkish business people and social entrepreneurs.
Even though African elites often speak English, French or Arabic, new voices are emerging. Young people trained in Turkey are beginning to find their place. Many work in import-export, construction, and even Islamic religious leadership. This trend points to promising prospects for long-term ties.
For Turkey, Africa represents a continent with major economic opportunities. Becoming a trusted partner is now a key goal. On the diplomatic level, Turkey gained observer status at the African Union in 2005 and has hosted Turkey-Africa summits in Istanbul since 2008.
This growing involvement suggests that Turkey’s role in Africa is likely to last. It will depend on the continent’s market needs, especially at a time when many African countries are rethinking their relationships with traditional western powers and international institutions.
– Turkey is stepping up its influence in west Africa – what’s behind its bid for soft power – https://theconversation.com/turkey-is-stepping-up-its-influence-in-west-africa-whats-behind-its-bid-for-soft-power-256929
New York City, June 24, 2025 (GLOBE NEWSWIRE) — Memory Lift Supplement Officially Launches: A Revolutionary Step Toward Enhanced Cognitive Health in the United States, Australia, Canada, and Beyond
In response to the growing global demand for natural cognitive enhancement solutions, Memory Lift Supplement is proud to announce its official launch across the United States, Australia, Canada, and other international markets. This cutting-edge nootropic formula is designed to support brain health, boost memory function, and enhance overall cognitive performance, offering a safe and effective alternative to traditional stimulants. For more information, Visit Official Website of Memory Lift.
A Natural Approach to Cognitive Enhancement
Memory Lift Supplement is a meticulously crafted blend of natural ingredients known for their cognitive benefits. Unlike synthetic drugs or prescription-based cognitive enhancers, Memory Lift relies on plant-based compounds, vitamins, and adaptogens to deliver noticeable results without harmful side effects. The supplement is suitable for individuals seeking to:
· Enhance short and long-term memory
· Increase mental clarity
· Improve problem-solving ability
· Stay focused for longer durations
· Support brain health as they age
Key Ingredients Backed by Science
The efficacy of Memory Lift Supplement lies in its scientifically researched ingredients:
· Bacopa Monnieri: An ancient Ayurvedic herb known to boost memory and cognitive function by reducing anxiety and supporting neuron communication.
· Ginkgo Biloba: Improves blood flow to the brain and acts as a powerful antioxidant, helping enhance mental performance.
· Lion’s Mane Mushroom: Stimulates nerve growth factor (NGF), promoting brain cell regeneration and neuroplasticity.
· Rhodiola Rosea: An adaptogen that helps the body cope with stress while improving energy, mood, and focus.
· L-Theanine: Enhances focus and mental clarity without the jitteriness associated with caffeine.
These ingredients work synergistically to support neurotransmitter function, increase brain blood flow, reduce oxidative stress, promote neurogenesis, and enhance focus and energy levels.
Memory Lift Supplement offers a non-habit-forming alternative to prescription medications for memory enhancement and cognitive support. It is designed to be safe for daily use, with no known side effects when taken as directed. The supplement is free from harmful chemicals, fillers, and additives, ensuring a clean, effective solution for cognitive enhancement.
Availability and Accessibility
With the official launch, Memory Lift Supplement is now available for purchase through its official website and various online retailers. The product will also be available at select health food stores and pharmacies in the United States, Australia, Canada, and other countries. For those looking for convenience and reliability, purchasing through the official website ensures the best pricing and access to special deals.
Benefits of Memory Lift Supplement
Memory Lift Supplement provides a range of cognitive benefits that can greatly enhance an individual’s daily life. Here are the key benefits that users can expect from this ground-breaking product:
· Enhanced Memory Retention
· Increased Focus and Concentration
· Mental Clarity
· Reduced Cognitive Decline
· Stress Reduction
How Does Memory Lift Supplement Work?
Memory Lift Supplement enhances brain function by improving blood circulation to the brain, ensuring it receives the necessary nutrients for optimal performance. The supplement also promotes nerve growth factor (NGF) production, stimulating brain cell regeneration and supporting long-term cognitive health. Key ingredients, like Rhodiola Roseau and Bacopa Monnieri, help reduce stress and anxiety, enabling users to stay focused and mentally sharp, even under pressure. Additionally, L-Theanine enhances concentration and mental clarity, supporting sustained focus throughout the day. By addressing these factors, Memory Lift offers a comprehensive solution for boosting memory, improving focus, and promoting overall brain health.
Why Choose Memory Lift Supplement?
· Natural Ingredients
· Backed by Science
· Improves Multiple Aspects of Cognitive Function
· Safe and Effective
· Perfect for All Ages
Customer Testimonials
Early users of Memory Lift Supplement have reported noticeable improvements in cognitive function:
· “I’ve been using Memory Lift for a month, and my focus and memory have significantly improved. I can concentrate better at work and recall information more easily.” – Sarah J., Professional in the U.S.
· “As a student, Memory Lift has helped me retain information and stay alert during long study sessions. It’s a game-changer.” – Liam T., University Student in Australia
· “In my 60s, I was concerned about memory loss. After using Memory Lift, I feel more mentally sharp and confident.” – Robert H., Retiree in Canada
Commitment to Quality
Memory Lift Supplement is manufactured in GMP-certified facilities, ensuring the highest standards of quality and safety. The product undergoes rigorous testing to verify the purity and potency of its ingredients, providing consumers with a reliable and effective cognitive enhancement solution.
Join the Cognitive Health Revolution
As we embark on this global journey, Memory Lift Supplement invites individuals from all walks of life to experience the benefits of enhanced cognitive health. Whether you’re a student aiming to improve academic performance, a professional seeking to boost productivity, or an aging adult looking to maintain mental clarity, Memory Lift is here to support your cognitive well-being.
For more information or to purchase Memory Lift Supplement, visit [Official Website Link].
About Memory Lift Supplement
Memory Lift Supplement is a leading provider of natural cognitive enhancement products. Committed to supporting brain health through scientifically-backed formulations, Memory Lift aims to empower individuals to achieve optimal cognitive performance at every stage of life.
Populations in most of Alberta’s 15 caribou ranges are finally stable or growing. However, caribou’s long-term recovery is still threatened by thousands of kilometres of legacy seismic lines left barren since trees were cleared decades ago. Properly re-foresting these areas is complex and difficult work requiring special expertise from northern Albertans.
Alberta’s government is investing $55.8 million over six years to plant five million trees across northern Alberta by 2030. This funding will help create hundreds of jobs through various tree-planting projects and help Alberta’s treasured woodland caribou increase in numbers.
A caribou cow and calf trotting across a snowy landscape in Alberta. (Credit: Government of Alberta)
“These legacy seismic lines are a challenge to threatened wildlife in our forests and have little to no economic benefit to Albertans. These investments will help us create habitats over time by replanting trees while creating jobs for hard-working Albertans, benefitting Alberta’s economy and environment.”
This new funding commitment is yet another significant Alberta government investment in tree-planting efforts that will help to expand the economy while encouraging caribou recovery. Since 2019, more than 4,500 km of seismic lines have already been assessed and treated in caribou ranges, including 2,400 km in the past 18 months alone.
This funding is part of a partnership with Natural Resources Canada. Alberta Environment and Protected Areas will work with communities and other partners to plant five million new trees across 15 caribou ranges. This increased restoration work will help create jobs for rural and Indigenous communities while supporting Alberta’s long-term caribou recovery efforts.
Quick facts
Woodland caribou in Alberta are listed as a threatened species.
Planting trees along legacy seismic lines is not as simple as putting seedlings in the earth.
Properly restoring the forests requires extensive planning, heavy equipment and specific expertise.
The soil must be prepared in a way that allows good drainage and that lets the right amount of rain and moisture reach the newly planted trees.
More than $70 million has already been invested in restoring caribou habitat through the Caribou Habitat Recovery Program across the province.
This funding is part of a partnership with Natural Resources Canada, which will announce its funding contribution in the future.
Alberta already plants more than one million new trees a year through other provincially funded environmental programs.
Additional information on tree-planting activities and progress will be shared as the funding is implemented and work unfolds.
Looking for a summer adventure? Make sure to visit the T. Rex Discovery Centre (TRDC) in Eastend, southwest Saskatchewan.
The TRDC is the home of Scotty, the world’s largest Tyrannosaurus rex. While at the centre, visitors can get a closeup look at the CN Scotty Gallery, and explore features like the Paleo Lab Experience, marine reptiles, prehistoric mammals and dinosaur fossils.
“The T. Rex Discovery Centre is a thrilling destination where history comes to life,” Parks, Culture and Sport Minister Alana Ross said. “Whether you are visiting Scotty the T. rex or taking in the interactive exhibits and programming, there is something exciting for visitors of all ages!”
Here is what’s in store this summer:
Canada Day – July 1
Hot dogs, pop and water while supplies last starting at 11:30 a.m.
Theme week table on Canadian Fossils.
Discovery Theatre presentation at 1 p.m. on Canadian Fossil Finds Sea to Sea.
Dino Days 2025 – July 25 to 27
The TRDC will be offering some fun-filled activities for the entire family to enjoy as part of Eastend’s Dino Days celebration.
Discovery Theatre presentation on Where the Brontothere Roam, A history of South Fork Saskatchewan at 1 p.m. on July 27.
Paleo Lab – Daily
In the Paleo Lab, visitors can discover new micro fossils in the dig stations with hands-on fossil activities for visitors of all ages.
Explore the Tylosaurus Exhibit – Daily
Roughly 10 metres in length, the specimen was discovered in the hills around Lake Diefenbaker near Sask Landing Provincial Park.
Explore the Area – Daily
Explore the beautiful landscape of the Frenchman River Valley on the hiking trails situated around the discovery centre or uncover a new fossil in the Fossil Dig Sand Pit.
The TRDC is open daily from 10 a.m. to 6 p.m. until Labour Day. Admission is by donation.
The Royal Saskatchewan Museum (RSM) is Saskatchewan’s only natural history museum. Discover our shared history through engaging displays and exhibits.
To learn more about the RSM’s and TRDC’s exhibits, events, programming and world class research, visit: https://royalsaskmuseum.ca/.
Follow us on Facebook or Instagram to stay up to date on different themes throughout the summer.
A public inquest into the death of Ronald Herman will be held Monday, July 21 to 25, 2025, at the Court of King’s Bench, Courtroom #5, 520 Spadina Crescent East, in Saskatoon.
The first day of the inquest is scheduled to begin at 10:00 a.m. Subsequent start times will be determined by the presiding coroner.
Herman, 36, was observed at a residence in Saskatoon in possession of a firearm on October 27, 2022. Saskatoon Police Service members attended the residence, and Mr. Herman was shot after an altercation with police. Mr. Herman was transported to the Royal University Hospital by ambulance, where he was later pronounced deceased.
Section 19 of The Coroners Act, 1999 states that the Chief Coroner may direct that an inquest be held into the death of any person.
The Saskatchewan Coroners Service is responsible for the investigation of all sudden, unexpected deaths. The purpose of an inquest is to establish who died, when and where that person died and the medical cause and manner of death. The coroner’s jury may make recommendations to prevent similar deaths.
Coroner Timothy Hawryluk, K.C. will preside at the inquest.
As a proud Quebecer, June 24 for me is a time to celebrate our history, our wonderful French language, our heritage as well as the traditions and values that shape our Belle Province.
Quebec has produced artists, athletes, heads of state as well as many other extraordinary personalities who have gone on to leave their mark throughout our history. This June 24, let’s celebrate these icons who unite us, bolster our national pride and showcase Quebec and our culture throughout the world.
On Saint-Jean-Baptiste Day, let’s also highlight our rich culture, which strengthens our Canadian identity.
Quebec’s Fête nationale is also a time to recognize the important contributions of Indigenous Peoples and many other diverse communities who enrich Quebec.
I encourage you to show up en masse at all the festivities and let Quebec’s pride shine!
Headline: Nominations now open for the first-ever CanREA Awards
The inaugural CanREA Awards will be presented at Electricity Transformation Canada on October 8 in Toronto.
Ottawa, June 24, 2025—As part of its fifth anniversary celebrations, the Canadian Renewable Energy Association (CanREA) is launching a new Awards program recognizing excellence in Canada’s wind, solar and energy storage industry.
CanREA members are invited to nominate themselves, or colleagues within the Canadian renewables and energy storage industries, until August 29 at 11:59 p.m. PT.
“The CanREA Awards program is a new initiative that aims to celebrate exceptional wind, solar, behind-the-meter, and energy storage projects demonstrating innovation, leadership and commitment in Canada, as well as Indigenous organizations driving our energy transition,” said Vittoria Bellissimo, CanREA’s President and CEO.
There are three Award categories:
Innovative Canadian Clean Energy Project of the Year, recognizing groundbreaking advancements in renewable energy & energy storage solutions.
Indigenous Clean Energy Company of the Year, honouring Indigenous-owned organizations driving Canada’s energy transition.
Canadian On-Site (BTM) Project of the Year, recognizing excellence in behind-the-meter (BTM) solar and/or storage solutions.
Each Award has specific criteria and eligibility guidelines, which can be accessed on the CanREA member portal, along with a detailed description of each category. Projects and/or organizations must be operating within Canada to be considered. For questions or more information, please contact CanREA at awards@renewablesassociation.ca.
All nominations will be evaluated by an impartial committee composed of stakeholders from across Canada’s renewable energy and energy storage sectors, based on the criteria outlined on the member portal. To ensure a fair and balanced review process, any organization submitting a nomination is not permitted to participate on the selection committee.
The award-winners will be announced at our Electricity Transformation Canada conference in Toronto on October 8, 2025.
We look forward to celebrating our outstanding industry members together!
Quotes
“The CanREA Awards program is a new initiative that aims to celebrate exceptional wind, solar, behind-the-meter, and energy storage projects demonstrating innovation, leadership and commitment in Canada, as well as Indigenous organizations driving our energy transition.”
—Vittoria Bellissimo, President and CEO, Canadian Renewable Energy Association (CanREA)
For media inquiries or interview opportunities, please contact:
Communications Canadian Renewable Energy Association communications@renewablesassociation.ca
About CanREA
The Canadian Renewable Energy Association (CanREA) is the voice for wind energy, solar energy and energy storage solutions that will power Canada’s energy future. We work to create the conditions for a modern energy system through stakeholder advocacy and public engagement. Our diverse members are uniquely positioned to deliver clean, low-cost, reliable, flexible and scalable solutions for Canada’s energy needs. For more information on how Canada can use wind energy, solar energy and energy storage to help achieve its net-zero commitments, consult “Powering Canada’s Journey to Net-Zero: CanREA’s 2050 Vision.” Follow us on Bluesky and LinkedIn here. Learn more at renewablesassociation.ca.
The post Nominations now open for the first-ever CanREA Awards appeared first on Canadian Renewable Energy Association.
June 24, 2025 – Abbotsford, BC – Correctional Service Canada
On June 20, 2025, an inmate was the victim of an assault at Matsqui Institution, a medium security federal institution.
The injured inmate was evaluated by staff members and transported to an outside hospital to receive treatment.
The Abbotsford Police Department and the institution are presently investigating the incident.
The assailants have been identified and the appropriate actions have been taken.
No staff members or other inmates were injured during this incident.
The safety and security of institutions, their staff, and the public remains the highest priority in the operations of the federal correctional system.
In order to improve practices aimed at preventing this type of incident, the Correctional Service of Canada will review the circumstances of the incident and take the appropriate measures.
The Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario, will make an important announcement in support for AI-driven health care solutions.
A media availability will follow the in-person announcement.
Please note that details are subject to change. All times are local.
Date: Wednesday, June 25, 2025
Time: 1:00 p.m.
Location: Vector Institute – Schwartz Reisman Innovation Campus 108 College Street 2nd Floor – Multipurpose room Toronto, ON M5G 0C6
On June 24, millions of Canadians celebrate Saint-Jean-Baptiste Day—a time of pride, culture and celebration for all those who share a love for the French language.
The Francophonie is at the heart of our history and continues to shape our country’s identity. Every year in June, this holiday carries a special meaning for many of us. Whether it’s celebrating among friends, spending time with family or singing along with the songs by Francophone artists that defined our youth or marked more recent years, Saint-Jean-Baptiste Day brings us together and warms our hearts.
Today is therefore an opportunity to celebrate the beauty, richness and energy of this Canadian Francophonie, strengthened by 10 million French speakers from coast to coast to coast.
I invite you to take part in the festivities in your region and enjoy the music, the traditions and this vibrant language that allows our culture and our national identity to shine.
Phoenix, AZ, June 24, 2025 (GLOBE NEWSWIRE) — In a year marked by increasing interest in at-home pet solutions, the BarxBuddy ultrasonic dog training device has gained renewed momentum among pet owners across the United States. This behavioral training tool—designed to deter excessive barking and help reinforce positive habits—has become one of the most talked-about non-invasive pet training products in 2025, according to new industry analyses.
The BarxBuddy device utilizes a high-frequency ultrasonic tone, imperceptible to human ears, which captures a dog’s attention without causing physical harm or distress. Marketed as a humane alternative to shock collars and more aggressive behavioral correction techniques, BarxBuddy has positioned itself at the intersection of modern training philosophy and technological simplicity. Surge in Adoption Reflects Broader Shift in Dog Training Trends Data emerging from multiple online retail channels and behavioral study groups suggests a broader shift in how pet owners approach canine discipline. Where previous decades favored punitive correction models, the modern era has seen a sharp pivot toward non-violent reinforcement. BarxBuddy’s appeal lies in its compact design and ease of use. Requiring no specialized training, the device allows pet owners to press a single button to emit the corrective tone. It has been particularly popular among urban dog owners who face challenges with excessive barking in high-density living environments. A 2025 trend analysis by CanineTech Insights indicated a 32% increase in the use of ultrasonic bark deterrent tools over the last 12 months, with BarxBuddy leading the segment in brand recognition and reported effectiveness. Technology Rooted in Behavioral Science At the core of the BarxBuddy device is a simple but deliberate mechanism: a focused ultrasonic pulse that interrupts undesirable behavior by redirecting the dog’s attention. The principle draws on operant conditioning, a well-documented psychological framework that encourages behavior modification through stimulus and consequence. Unlike shock-based systems, which have drawn increasing scrutiny from veterinary ethics boards, ultrasonic tools are gaining favor for their minimal invasiveness. While not all dogs respond identically to ultrasonic tones—a point echoed by several animal behaviorists—the consistency of results across varied breeds has bolstered interest from both first-time pet owners and experienced trainers. Veterinary Community Shows Cautious Optimism While some segments of the veterinary and training communities remain cautious in endorsing any at-home corrective tool, many professionals acknowledge the utility of ultrasonic devices when used correctly. Emphasis remains on pairing any corrective action with positive reinforcement and avoiding overuse. Dr. Elaine Moretti, a behavioral veterinarian based in New Jersey, notes that tools like BarxBuddy “can provide a useful starting point for dog owners struggling with minor behavioral issues, especially barking, jumping, or lunging.” However, she also underscores the need for comprehensive care: “No tool should replace responsible training, regular exercise, and proper socialization.”
How Does BarxBuddy Work?
According to the official product website BarxBuddy device works by emitting an ultrasonic sound that instantly captures a dog’s attention. This frequency, while inaudible to humans, is calibrated to be safe yet noticeable for most dogs. When activated during moments of undesirable behavior—such as barking, jumping, or lunging—the tone interrupts the action and redirects the dog’s focus.
Accompanying the sound is a built-in LED light, which serves both as a visual cue and a practical tool during evening walks. This multimodal design supports behavioral training by engaging multiple senses in a gentle, non-confrontational way.
Experts advise pairing the device’s use with verbal commands and rewards to reinforce good behavior. With regular use, dogs are expected to associate negative behavior with the ultrasonic tone and adapt accordingly.
Who Is the BarxBuddy Anti-Barking Device For?
BarxBuddy is designed for a broad audience of dog owners looking for a humane, user-friendly approach to behavioral training. The device is particularly well-suited for:
Urban dog owners managing noise concerns in apartment buildings
First-time pet owners unfamiliar with traditional training tools
Busy individuals seeking a quick-response option for spontaneous training moments
Pet parents with sensitive or small-breed dogs who may not respond well to harsher methods
While effective for many breeds and behavior types, BarxBuddy is best used as part of a holistic training plan that includes praise, treats, and consistency. It is not intended for use on dogs with hearing impairments or extreme behavioral aggression without professional oversight.
Consumer Demand Reflects Broader Interest in DIY Pet Solutions BarxBuddy’s rise mirrors a growing trend among consumers seeking convenient, at-home alternatives to formal obedience training. According to data from the American Pet Products Association (APPA), spending on training aids and behavioral tools increased 18% in the past fiscal year, outpacing the growth of in-person dog training services. The uptick is attributed to rising pet ownership during the post-pandemic years and an accompanying desire for accessible, time-saving solutions. BarxBuddy, with its one-touch functionality and portability, appears well-positioned to meet this demand. Increased Media Attention and Retail Availability As media outlets across the U.S. cover the surge in interest, BarxBuddy has expanded its availability through a growing network of e-commerce platforms. Initially sold exclusively through its official website, the device is now accessible through select retail affiliates and direct-to-consumer marketplaces. Public interest was further amplified by media coverage earlier this year highlighting BarxBuddy in consumer advocacy segments focusing on humane pet care. These features emphasized the product’s non-invasive nature, battery efficiency, and built-in flashlight for nighttime visibility. Public Discourse and Social Sentiment Online discourse surrounding BarxBuddy continues to grow, with a mix of endorsements, debates, and case studies circulating in digital forums. While advocates praise its simplicity and quick impact, some skeptics raise concerns over its long-term behavioral impact without complementary training. Nonetheless, the dominant narrative has remained largely favorable, especially among pet owners looking for tools that don’t rely on pain-based deterrents. This sentiment aligns with a 2025 YouGov survey, which found that 71% of dog owners prefer behavioral correction devices that do not use electric shocks or pronged pressure. How to Start Using BarxBuddy According to the official product website, Getting started with BarxBuddy requires no professional training or special setup. Pet owners can begin using the device by following these steps:
Insert the batteries that come included with the device.
Hold the device comfortably in hand and keep it within reach when around your dog.
Wait for a behavioral trigger, such as barking, jumping, or aggression.
Press the ultrasonic button while pointing the device toward the dog. Use a firm voice command such as “Stop” or “Quiet” simultaneously.
Reinforce positive behavior by offering praise or a treat after the dog responds appropriately.
The key is consistency—using the device regularly while pairing it with encouragement ensures long-term success. BarxBuddy can also be used during walks or playtime to prevent unwanted behaviors from developing. Compliance and Safety Considerations The BarxBuddy device complies with consumer safety standards applicable to non-contact ultrasonic equipment. Independent safety testing has verified that the decibel range used in the product falls within established auditory safety margins for canines. Manufacturers continue to advise users to limit deployment to short training intervals and to combine its use with praise-based reinforcement. Importantly, usage guidelines recommend avoiding activation near overly anxious or noise-sensitive dogs without prior behavioral consultation. Looking Ahead: Future Iterations and Expansion Plans Sources close to the manufacturing team have indicated that future iterations of the BarxBuddy may include customizable frequency settings and app-based integration to monitor behavioral responses. These developments are aimed at personalizing the training process while collecting anonymous user feedback to inform design enhancements. In anticipation of growing international demand, distribution channels are also being explored in Canada, Australia, and select European markets. As pet care standards evolve globally, products like BarxBuddy are likely to play an increasingly visible role in shaping at-home training norms.
Features of the BarxBuddy Ultrasonic Device As per official product website BarxBuddy stands out due to its blend of functionality, safety, and design. Key features include:
Ultrasonic Frequency (Non-Audible to Humans): Specifically calibrated to get dogs’ attention without causing harm.
LED Flashlight: Integrated light adds visibility for nighttime walks and offers an additional visual stimulus during training.
Compact, Handheld Design: Lightweight and easy to carry during daily activities or walks.
One-Button Operation: Simplifies the training process for beginners and experienced owners alike.
Battery Operated: Ensures portability without needing frequent recharging.
Non-Contact Training Method: Provides a safe alternative to prong, shock, or vibration collars.
Together, these features create a training solution that is both pet-friendly and owner-approved. Conclusion: A Marker of a Changing Pet Landscape BarxBuddy’s emergence as a favored solution among dog owners reflects a broader societal embrace of humane, technology-assisted pet training tools. While no single device offers a cure-all for behavioral challenges, the rise of products like BarxBuddy signifies a noteworthy pivot in how Americans think about pet discipline in the digital age. As training philosophies continue to evolve, devices that merge science-backed methodology with ease of use may redefine the future of responsible dog ownership. For more information, educational content, and direct purchasing, visit the official BarxBuddy website.
Company: BarxBuddy Address: PO Box 52171, Phoenix, AZ, 85072-2171 Phone: 213-669-4081 support@barxbuddy.com
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June 24, 2025 Point Edward, ON Canada Border Services Agency
The Canada Border Services Agency (CBSA) announced today a significant seizure of cocaine at the Blue Water Bridge port of entry in Point Edward, Ontario.
On June 12, 2025, a commercial truck arrived from the United States at the Blue Water Bridge port of entry and was referred for a secondary examination. During the inspection of the trailer, border services officers, with the assistance of a detector dog, discovered 161 bricks of suspected cocaine contained in 6 boxes. The total weight of the suspected narcotics was 187 kg, with an estimated street value of $23.3 million.
The CBSA arrested Karamveer Singh, 27, of Brampton, Ontario, and transferred him and the suspected narcotics to the custody of the Royal Canadian Mounted Police (RCMP). Singh has been charged by the RCMP with Importation of Cocaine, and Possession of Cocaine for the Purpose of Trafficking under the Controlled Drugs and Substances Act.
The investigation is ongoing.
To date this year, border services officers have seized a total of 978 kg of cocaine at Southern Ontario ports of entry.
June 24, 2025 – Ottawa, Ontario – Department of Finance Canada
Yesterday, the Deputy Minister of Finance, Chris Forbes, hosted a briefing with Canadian industry and labour stakeholders on Canada-United States (U.S.) economic issues. Senior officials from the Embassy of Canada in the U.S., also joined the call.
Deputy Minister Forbes provided an overview of the work to respond to the unjustified U.S. tariffs, as well as the ongoing discussions between Prime Minister Carney and President Trump. This includes the meeting at the G7 Leaders’ Summit in Kananaskis, Alberta, last week, where both leaders agreed to pursue negotiations toward a deal on a new economic and security relationship between Canada and the U.S.
The Deputy Minister also outlined the measures announced last week to support and protect Canada’s steel and aluminum workers and industries. The government will adjust its existing counter-tariffs on steel and aluminium products on July 21, to levels consistent with progress that has been made in the broader trading arrangement with the U.S.
The Deputy Minister reiterated that the government will also limit access to federal procurements to suppliers from Canada and reliable trading partners that provide reciprocal access, establish new tariff rate quotas to stabilize the domestic market and prevent harmful trade diversion of steel products as the result of U.S. actions, create government-stakeholder task forces to better support the steel aluminum industries and their workers, and adopt additional tariff measures on the basis of “country of melt and pour” for steel and “country of smelt and cast” for aluminum over the coming weeks to address overcapacity and unfair trade in these sectors.
Deputy Minister Forbes reminded stakeholders that a number of business support programs, including the new $10 billion Large Enterprise Tariff Loan facility, remain open to applicants. He also confirmed that the individual remission requests submitted as part of the broader remission framework are currently being assessed.
Finally, the Deputy Minister confirmed that the government remains prepared to take additional steps to support the Canadian steel and aluminum sectors as needed.
NIPOMO, Calif., June 24, 2025 (GLOBE NEWSWIRE) — Fengate Asset Management (Fengate) and Alpha Omega Power (AOP) today announced that the 100-megawatt (MW)/400-megawatt-hour (MWh) Caballero Battery Energy Storage System (BESS) facility in Nipomo, California has achieved full commercial operations.
Caballero BESS is the first facility of its kind in San Luis Obispo County, providing much needed power capacity and using only top-tier technology to ensure world-class safety and durability.
“Caballero BESS is good for the environment and the community, providing enough reliable, clean energy to the central coast of California to power more than 100,000 homes for up to four hours every day, and contributing to local economic growth through the use of 100% union labor during the project’s construction phase,” said Greg Calhoun, Managing Director, Infrastructure Investments at Fengate. “We look forward to funding the continued growth of AOP and bringing resilient, stable power to grids across the United States.”
“Delivering a best-in-class energy storage facility of this scale is AOP’s core mission. Thanks to the world-class team of BESS experts, we have at AOP, and support from our trusted partners, we’re now delivering ‘Reliability, Stored’ to California,” said Paul Choi, Founder and CEO of AOP. “Our team is proud to achieve this milestone, which solidifies AOP as a leading BESS Independent Power Producer.”
Working shoulder-to-shoulder with all local and state authorities, Caballero BESS underwent rigorous testing and training with Cal Fire, San Luis Obispo City, and County Fire during the construction and testing phases. The project meets or exceeds all local, state, and federal safety requirements, including California Fire Codes and the latest National Fire Protection Association (NFPA) 855 standards for energy storage.
Caballero BESS is the first investment by the Fengate and AOP partnership, which formed in 2023. Fengate is managing this investment on behalf of the Fengate Infrastructure Fund IV and its affiliated entities, including an investment by the LiUNA Pension Fund of Central and Eastern Canada.
The project received financing from MUFG Bank Ltd. (MUFG) and from U.S. Bancorp Impact Finance, a subsidiary of U.S. Bank that provides capital to the renewable energy industry via tax equity and project finance debt.
“MUFG is pleased to partner with AOP as it deploys the energy storage resources needed to facilitate the effective and reliable integration of renewable resources into the electric system,” said Phillip Fletcher, Director, Project Finance at MUFG.
“Our investment in the Caballero BESS project is one way we can support our clients with custom financing solutions,” said Jon Peeples, Environmental Finance Business Development Director at U.S. Bancorp Impact Finance. “We’re proud to support Fengate and AOP in their work to expand sources of clean energy, strengthen the energy grid, and drive local job creation.”
About Fengate
Fengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies, with more than $7 billion of capital commitments under management. The firm has been investing in infrastructure since 2006 with a focus on mid- market greenfield and brownfield infrastructure assets in the transportation, social, energy transition and digital sectors. Fengate is one of North America’s most active infrastructure investors and developers with a portfolio of more than 50 assets. Learn more at www.fengate.com.
About Alpha Omega Power
We are innovators focused on utility-scale battery storage, enhancing grid reliability, supporting renewable energy integration for a cleaner, sustainable energy future. AOP develops, acquires, builds, and operates BESS assets in the United States focusing on investment discipline and technological excellence. AOP currently holds a portfolio of over 2GW of BESS projects across key markets and partners with the nation’s top Load Serving Entities to deliver “Reliability, Stored.”
“We’re freeing John A.,” Ontario Premier Doug Ford recently announced, unveiling plans to return a statue of Sir John A. Macdonald to its place of prominence overlooking the south lawn of the Ontario legislature at Queen’s Park.
The statue’s return comes five years after activists, disgusted by the first Canadian prime minister’s racist policies, sprayed pink paint over the statue’s base.
Their objections have been part of passionate debates about whether racist and harmful figures from the past should be celebrated through statues, school and state institution names and public infrastructure projects.
For these conservatives, the issue is simple. Dismantling statues is dismantling Canada’s history.
Both sides to the debate, of course, are correct in their assessments of Canada’s first prime minister. Like all historical figures from the past, Macdonald was a complex human being operating at a particular historical moment. And his actions had important historical implications for the way Canada developed.
And yet, the debate misses a deeper and much more interesting set of questions about how we understand Canadian history, how we describe Canada’s past and ultimately how Canadians tell stories about themselves to each other.
It’s important to recognize from where and in what historical contexts Canada’s statues, commemorations and public infrastructure names come. Statues of figures like Macdonald, as well as the naming of public buildings, bridges and roads in his honour, appeared principally at two separate times.
The first came in the late 19th century, mostly commemorating Macdonald’s death in 1891. But statues were being erected during this period amid rising nationalism. They signalled a celebration of Canada’s membership in the British Empire, then at the zenith of its power and influence.
The second flurry of Macdonald commemoration was in the mid-1960s, another moment of heightened nationalism and Canadian pride. It coincided with Canada’s centenary in 1967, the Montréal Expo that same year, a new Canadian flag and a newfound confidence in the world through its active participation in international peacekeeping efforts.
Canada was also at that time grappling with a deeply dissatisfied Québec and its place in Confederation, a state of affairs that eventually resulted in a divisive sovereignty referendum in 1980 that threatened the very fabric of Canada.
Respecting the dissent
But just as Canadians need to understand the historical contexts in which citizens of the past have celebrated people like Macdonald, so too do they need to grasp the historical contexts in which Canadians past and present have questioned his legacy.
In 2013, the Black Lives Matter movement in the United States sparked critical re-evaluations of statues of Civil War-era figures from the American South and the continued use in some southern states of the highly offensive Confederate flag, along with many other symbols of racism, division and hatred.
The release of the Truth and Reconciliation Commission’s (TRC) final report a decade ago similarly forced Canadians to confront some the darkest chapters of the country’s past.
The point often missed here is that historical markers — like the TRC Commission and the Black Lives Matter movement — themselves become artefacts of the ongoing project involving how people tell stories about themselves to themselves, what those stories say about them in the present and how they want to define themselves in the future.
A more fulsome engagement with history demands Canadians refrain from conflating the story of John A. Macdonald, the statue, with the story of John A. Macdonald, the man, any more than we’d conflate a drawing of an apple with the one on our counter.
A true examination of Macdonald
It’s not a question of who Macdonald was or wasn’t. Instead, it’s about the historical context in which the commemorations of him were installed. But it’s also part of the continuing story of how we see ourselves today.
Claims that dismantling public statues and renaming roads and schools somehow erases Canadian history are ridiculous and profoundly misunderstand how history works.
As Canada Day approaches, it’s important to remember that Macdonald’s story and legacy live on exactly where they should — in the pages of history books, museums and classrooms, where his life and times can be examined, interpreted and debated with the kind of depth and nuance that Canadian history deserves.
Eric Strikwerda does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
“We’re freeing John A.,” Ontario Premier Doug Ford recently announced, unveiling plans to return a statue of Sir John A. Macdonald to its place of prominence overlooking the south lawn of the Ontario legislature at Queen’s Park.
The statue’s return comes five years after activists, disgusted by the first Canadian prime minister’s racist policies, sprayed pink paint over the statue’s base.
Their objections have been part of passionate debates about whether racist and harmful figures from the past should be celebrated through statues, school and state institution names and public infrastructure projects.
For these conservatives, the issue is simple. Dismantling statues is dismantling Canada’s history.
Both sides to the debate, of course, are correct in their assessments of Canada’s first prime minister. Like all historical figures from the past, Macdonald was a complex human being operating at a particular historical moment. And his actions had important historical implications for the way Canada developed.
And yet, the debate misses a deeper and much more interesting set of questions about how we understand Canadian history, how we describe Canada’s past and ultimately how Canadians tell stories about themselves to each other.
It’s important to recognize from where and in what historical contexts Canada’s statues, commemorations and public infrastructure names come. Statues of figures like Macdonald, as well as the naming of public buildings, bridges and roads in his honour, appeared principally at two separate times.
The first came in the late 19th century, mostly commemorating Macdonald’s death in 1891. But statues were being erected during this period amid rising nationalism. They signalled a celebration of Canada’s membership in the British Empire, then at the zenith of its power and influence.
The second flurry of Macdonald commemoration was in the mid-1960s, another moment of heightened nationalism and Canadian pride. It coincided with Canada’s centenary in 1967, the Montréal Expo that same year, a new Canadian flag and a newfound confidence in the world through its active participation in international peacekeeping efforts.
Canada was also at that time grappling with a deeply dissatisfied Québec and its place in Confederation, a state of affairs that eventually resulted in a divisive sovereignty referendum in 1980 that threatened the very fabric of Canada.
Respecting the dissent
But just as Canadians need to understand the historical contexts in which citizens of the past have celebrated people like Macdonald, so too do they need to grasp the historical contexts in which Canadians past and present have questioned his legacy.
In 2013, the Black Lives Matter movement in the United States sparked critical re-evaluations of statues of Civil War-era figures from the American South and the continued use in some southern states of the highly offensive Confederate flag, along with many other symbols of racism, division and hatred.
The release of the Truth and Reconciliation Commission’s (TRC) final report a decade ago similarly forced Canadians to confront some the darkest chapters of the country’s past.
The point often missed here is that historical markers — like the TRC Commission and the Black Lives Matter movement — themselves become artefacts of the ongoing project involving how people tell stories about themselves to themselves, what those stories say about them in the present and how they want to define themselves in the future.
A more fulsome engagement with history demands Canadians refrain from conflating the story of John A. Macdonald, the statue, with the story of John A. Macdonald, the man, any more than we’d conflate a drawing of an apple with the one on our counter.
A true examination of Macdonald
It’s not a question of who Macdonald was or wasn’t. Instead, it’s about the historical context in which the commemorations of him were installed. But it’s also part of the continuing story of how we see ourselves today.
Claims that dismantling public statues and renaming roads and schools somehow erases Canadian history are ridiculous and profoundly misunderstand how history works.
As Canada Day approaches, it’s important to remember that Macdonald’s story and legacy live on exactly where they should — in the pages of history books, museums and classrooms, where his life and times can be examined, interpreted and debated with the kind of depth and nuance that Canadian history deserves.
Eric Strikwerda does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
CHICAGO and RALEIGH, N.C., June 24, 2025 (GLOBE NEWSWIRE) — Certificial, the pioneer of the Smart COI Network™ and the industry’s leading all-in-one Certificate of Insurance (COI) platform, and Applied Systems®, the leading global provider of cloud-based software for the insurance industry, today announced an exclusive integration to digitally connect Applied’s insurance agencies and brokers to Certificial’s vendor compliance network.
This strategic integration will enable Applied customers to seamlessly manage vendor management system COI requests directly within Applied Epic, enabling agencies to efficiently confirm coverages and issue the certificates for their clients. By eliminating manual back-and-forth and redundant uploads to third-party portals, agencies will benefit from increased operational efficiency and improved service delivery.
“The certificate issuance process between vendors and agencies has long been an inefficient challenge,” said Brian Giometti, SVP of Corporate Development, Applied Systems. “Integrating with Certificial allows us to bring efficiencies to our users while delivering transformative value to large-scale certificate holders.”
With this integration, Certificial’s Smart COI Network™ users gain greater visibility into their vendors’ insurance status, while Applied’s users benefit from centralized, automated workflows throughout the end-to-end policy lifecycle. This mutual advantage helps all parties reduce risk and build trust faster. Additionally, opting into the integration not only streamlines the COI intake process for Applied users but also enhances vendor credibility.
“Our integration marks a major step toward redefining how commercial insurance verification is handled as Applied continues to lead the way in enabling modern agency workflows, and we’re proud to work together to set a new standard for proof of insurance,” said Peter Teresi, co-founder and CEO of Certificial. “Many Smart COI Network™ members are increasingly focused on verifying vendor legitimacy in real time, and knowing that a vendor’s policies are active and validated dramatically reduces risk, and makes them far more attractive to do business with.”
Agencies using Applied Epic will be able to opt into the integration beginning in early July. Additional information on the opt-in process will be provided in the coming weeks on certificial.com/applied-enable-integration.
About Applied Systems: Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.
About Certificial: Certificial is the leading, all-in-one Certificate of Insurance (COI) platform transforming the insurance verification process by using real-time data to ensure businesses have continuous, compliant coverage. With their patented end-to-end COI platform, Certificial combines certificate issuance and compliance management into one simple platform, eliminating risk, ensuring compliance, and reducing costs for every stakeholder in the COI process. Cofounded by the former Chief Technology Officer of ACORD and backed by top investors, Certificial is driving the future of digital insurance verification with the Smart COI Network™. For more information, please visit certificial.com.
Q1 update for the three months ended 30 April 2025
Highlights
NAV per Share of 2,011p; LTM NAV per Share Total Return of 6.3% (5 year annualised: 14.8%)
Q1 Portfolio Return on a Local Currency Basis of 0.6%, offset by FX, resulting in Portfolio Return on a Sterling Basis of (2.4)% and NAV per Share Total Return of (2.6)%
Total Proceeds of £149m, including £62m net proceeds from the sale of a portion of our Portfolio at a 5.5% discount and £48m from sale of Minimax (previously our largest portfolio company holding)1; Total New Investments of £48m
£9m of buybacks during the quarter, adding 0.4% (8.4p) to NAV per Share Total Return
Robust balance sheet: low gearing ratio (3%); €300m revolving credit facility extended to May 2029
Q1 dividend of 9p per share; Board intends to pay total dividends of at least 38p per share for FY26 (FY25: 36p)
Secondaries are offering some compelling investment opportunities
1 As announced in April 2025, and includes £3m of further Minimax proceeds received in late April 2025
PERFORMANCE OVERVIEW
Annualised
Performance to 30 April 2025
3 months
1 year
3 years
5 years
10 years
Portfolio Return on a Local Currency Basis
0.6%
10.3%
8.4%
17.8%
15.1%
NAV per Share Total Return
(2.6)%
6.3%
6.3%
14.8%
13.4%
Share Price Total Return
(12.5)%
(0.9)%
4.4%
12.6%
10.3%
FTSE All-Share Index Total Return
(1.2)%
7.5%
7.0%
10.9%
5.8%
Portfolio activity overview for Q1 FY26
Primary
Direct
Secondary
Total
ICG-managed
Portfolio Return on a Local Currency Basis
0.3%
1.5%
(0.2)%
0.6%
1.4%
Portfolio Return in Sterling
(2.1)%
(2.0)%
(4.3)%
(2.4)%
(1.6)%
New Investments
£25m
£14m
£8m
£48m
£28m
Proceeds
£98m
£36m
£15m
£149m
£66m
New fund Commitments
£76m
£—m
£—m
£76m
£21m
Closing Portfolio value
£699m
£475m
£211m
£1,386m
£389m
% Total Portfolio
50%
34%
15%
100%
28%
ENQUIRIES
Institutional investors and analysts: Martin Li, Shareholder Relations +44 (0) 20 3545 1816 Nathan Brown, Deutsche Numis +44 (0) 20 7260 1426 David Harris, Cadarn Capital +44 (0) 20 7019 9042 Media: Clare Glynn, Corporate Communications, ICG +44 (0) 20 3545 1850
COMPANY TIMETABLE
A presentation for investors and analysts will be held at 10:30 BST tomorrow (Wednesday 25 June 2025). A link for the presentation can be found on the Results & Reports page of the Company website. A recording of the presentation will be made available on the Company website after the event.
FY26 First Interim Dividend
Ex-dividend date
14 August 2025
Record date
15 August 2025
Dividend payment date
29 August 2025
ABOUT ICG ENTERPRISE TRUST
ICG Enterprise Trust is a leading listed private equity investor focused on creating long-term growth by delivering consistently strong returns through selectively investing in profitable, cash-generative private companies, primarily in Europe and the US.
We invest in companies directly as well as through funds managed by Intermediate Capital Group plc (“ICG”) and other leading managers who focus on creating long-term value and building sustainable growth through active management and strategic change.
ICG Alternative Investment Limited, a regulated subsidiary of ICG, acts as the Manager of the Company.
NOTES Included in this document are Alternative Performance Measures (“APMs”). APMs have been used if considered by the Board and the Manager to be the most relevant basis for shareholders in assessing the overall performance of the Company, and for comparing the performance of the Company to its peers and its previously reported results.
All performance figures are stated on a Total Return basis (i.e. including the effect of re-invested dividends).
DISCLAIMER The information contained herein and on the pages that follow does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, any securities in any jurisdiction where such an offer or solicitation is unlawful or would impose any unfulfilled registration, qualification, publication or approval requirements on ICG Enterprise Trust PLC (the “Company”) or its affiliates or agents. Equity securities in the Company have not been and will not be registered under the applicable securities laws of the United States, Australia, Canada, Japan or South Africa (each an “Excluded Jurisdiction”). The equity securities in the Company referred to herein and on the pages that follow may not be offered or sold within an Excluded Jurisdiction, or to any U.S. person (“U.S. Person”) as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or to any national, resident or citizen of an Excluded Jurisdiction.
The information on the pages that follow may contain forward looking statements. Any statement other than a statement of historical fact is a forward looking statement. Actual results may differ materially from those expressed or implied by any forward looking statement. The Company does not undertake any obligation to update or revise any forward looking statements. You should not place undue reliance on any forward looking statement, which speaks only as of the date of its issuance.
MANAGER’S REVIEW
Our investment strategy
Within developed markets, we focus on investing in buyouts of profitable, cash-generative businesses that exhibit resilient growth characteristics, which we believe will generate long-term compounding returns across economic cycles.
We take an active approach to portfolio construction, with a flexible mandate that enables us to deploy capital in Primary, Direct and Secondary investments. Geographically we focus on the developed markets of North America and Europe, including the UK, which have deep and mature private equity markets supported by a robust corporate governance framework.
Investments managed by ICG accounted for 28% of the Portfolio.
Medium-term target
Five-year average
Q1 FY26
1. Target Portfolio composition1
Investment category
Primary
~50%
56%
51%
Direct
~25%
29%
34%
Secondary
~25%
15%
15%
Geography
North America
~50%
43%
45%
Europe (inc. UK)
~50%
50%
49%
Other
—
7%
7%
1 As percentage of Portfolio
Performance overview
At 30 April 2025, the Portfolio was valued at £1,386m. The Portfolio Return on a Local Currency Basis for the quarter was 0.6%, and in Sterling terms was (2.4)%
ICG Enterprise Trust generated a NAV per Share Total Return of (2.6)% during the quarter, ending the period with a NAV per Share of 2,011p
Over the last five years ICG Enterprise Trust has generated an annualised NAV per Share Total Return of 14.8%
Movement in the Portfolio £m
3 months to 30 April 2025
Opening Portfolio1
£1,523m
Total New Investments
£48m
Total Proceeds
£(149)m
Portfolio net cashflow
£(101)m
Valuation movement2
£9m
Currency movement
£(45)m
Closing Portfolio
£1,386m
1 Refer to the Glossary 2 86% of the Portfolio is valued using 31 March 2025 (or later) valuations.
NAV per Share Total Return
3 months to 30 April 2025
% Portfolio growth (local currency)
0.6%
% currency movement
(3.0)%
% Portfolio growth (Sterling)
(2.4)%
Impact of gearing
0.1%
Finance costs and other expenses
(0.4)%
Management fee
(0.3)%
Co-investment Incentive Scheme Accrual movement
0.1%
Impact of share buybacks
0.4%
NAV per Share Total Return
(2.6)%
Quoted company exposure
We do not actively invest in publicly quoted companies but gain listed investment exposure when IPOs are used as a route to exit an investment. In these cases, exit timing typically lies with the manager with whom we have invested
At 30 April 2025, ICG Enterprise Trust’s exposure to quoted companies was valued at £62.9m, equivalent to 4.5% of the Portfolio value (31 January 2025: 4.8%). There was one quoted investment that individually accounted for 0.5% or more of the Portfolio value:
Company
Ticker
30 April 2025 % of Portfolio value
Chewy
CHWY-US
1.8%
Other companies
2.7%
Total
4.5%
Realisation activity
Total Proceeds of £149m during the quarter, including £62m net proceeds from a sale of a portion of our Portfolio (see RNS here). The sale was executed at a discount of 5.5% to 30 September 2024 valuation and realised a 1.6x return on invested cost (15% IRR)
£48m (€57m) cash proceeds from realisation of Minimax, our largest portfolio company. ICG Enterprise Trust is reinvesting €10m alongside Management and other investors including certain ICG funds
45 Full Exits completed LTM, at a weighted average Uplift to Carrying Value of 15% and a 3.0x Multiple to Cost
New investment activity
Total New Investments of £48m during the quarter, of which 58% (£28m) was alongside funds managed by ICG
The split of Total New Investments was split by category as follows:
Investment Category
Cost (£m)
% of New Investments
Primary
£25m
52%
Direct
£15m
30%
Secondary
£8m
18%
Total
£48m
100%
Commitments
We made five new fund Commitments totalling £76.0m during the quarter:
Fund
Manager
Commitment during the period
Local currency
£m
Integrum II
Integrum
$15.0m
£11.6m
GHO Capital IV
GHO
€15.0m
£12.4m
Hg Saturn IV
Hg
$20.0m
£15.4m
TH Lee X
THL
$20.0m
£15.9m
ICG Europe IX
ICG
€25.0m
£20.7m
At 30 April 2025 we had total Undrawn Commitments of £375m to funds in their investment period and a further £163m to funds outside their investment period
Balance sheet and liquidity
Total available liquidity at 30 April 2025 was £201.5m (31 January 2025: £124.6m)
£m
Cash at 31 January 2025
3.9
Total Proceeds
148.7
New investments
(47.7)
Debt drawn down
(79.6)
Shareholder returns
(14.5)
Management fees
(4.2)
Co-investment Incentive Scheme distribution
(0.5)
FX and other income/(expenses)
1.4
Cash at 30 April 2025
7.5
Available undrawn debt facilities
193.9
Total available liquidity
201.5
The cash balance was £7.5m (31 January 2025: £3.9m) and drawn debt was £52.3m (31 January 2025: £131.9m). As a result, we had net debt of £44.8m (31 January 2025: £128.0m)
Maturity of our €300m revolving credit facility extended to 29 May 2029. All other key terms remain the same as per December 2024 RNS (available here)
At 30 April 2025, the Portfolio represented 104.2% of net assets (31 January 2025: 114.3%)
£m
% of net assets
Portfolio
1,385.9
104.2%
Cash
7.5
0.6%
Drawn debt
(52.3)
(3.9)%
Co-investment Incentive Scheme Accrual
(52.1)
0.2%
Other net current liabilities
(10.9)
(1.0)%
Net assets
1,278.0
100.0%
Dividend and share buyback
Progressive dividend policy maintained: first quarter dividend of 9p per share (Q1 FY25: 8.5p)
It is the Board’s current intention to declare total dividends of at least 38p per share for FY26 (FY25: 36p)
The following purchases have been made under the Company’s share buyback programme:
Long-term
Opportunistic
Total
Q1 FY263
Since inception1
Q1 FY263
Since inception2
Q1 FY263
Since inception
Number of shares purchased
245,000
2,997,688
473,000
1,965,175
718,000
4,962,863
% of opening shares since buyback started
7.2%
Capital returned to shareholders
£3.1m
£35.7m
£5.8m
£24.1m
£8.9m
£59.8m
Number of days shares have been acquired
21
204
7
18
28
222
Weighted average discount to last reported NAV
36.3%
38.3%
38.7%
36.8%
37.9%
37.6%
NAV per Share accretion (p)
8.4
57.8
NAV per Share accretion (% of NAV)
0.4%
3.0%
1.Since October 2022 (which was when the long-term share buyback programme was launched) up to and including 30 April 2025. 2. Since May 2024 (which was when the opportunistic buyback programme was launched) up to and including 30 April 2025. 3. Based on company-issued announcements / date of purchase, rather than date of settlement. Note: aggregate consideration excludes commission, PTM and SDRT.
Activity since the period end
Notable activity between 1 May 2025 and 31 May 2025 includes Realisation Proceeds of £1.5m and Total New Investments of £10.9m.
ICG Private Equity Fund Investments Team 24 June 2025
TORONTO, June 24, 2025 (GLOBE NEWSWIRE) — Argo Corporation (OTCQX:ARGHF) (TSXV:ARGH) (“Argo” or the “Company“), today announced that Praveen Arichandran, CEO, will present live at the Small Cap Growth Virtual Investor Conference hosted by VirtualInvestorConferences.com, on June 26, 2025.
DATE: June 26th TIME: 3:30 p.m. EDT LINK:REGISTER HERE Available for 1×1 meetings: June 30th after 1 p.m. EDT
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.
Doubled ridership in initial Bradford West Gwillimbury deployment (April 2025), demonstrating rapid adoption and effectiveness of Argo’s vertically integrated transit system—the first of its kind combining hardware, software, and operations, powered by Argo’s on-demand Smart Routing™ solution
Named to Fast Company’s 2025 World Changing Ideas List, recognized globally for Argo’s innovative Smart Routing™ transit platform, addressing urban mobility challenges by improving accessibility, equity, and sustainability in public transit
Secured $10.9 million 12-month pilot partnership with Brampton (April 2025), bringing Argo’s fully electric Smart Routing™ system to one of Canada’s fastest-growing cities, complementing existing transit networks and significantly enhancing mobility, sustainability, and community connectivity
About Argo Founded in June 2024, Argo delivers the world’s first fully vertically integrated transit system, combining proprietary Argo X1 electric vehicles, Smart Routing™ technology, and comprehensive operational management in a single end-to-end solution. By integrating every aspect of the transit experience, Argo enables municipalities to transition from traditional fixed-route services to dynamically optimized on-demand service with substantially better efficiency, coverage, and rider satisfaction, all while maintaining standard public transit pricing. The company launched Argo School in September 2024 and began its first municipal deployment in Bradford West Gwillimbury in early 2025. Learn more at www.rideargo.com.
Praveen Arichandran, CEO Argo Corporation (800) 575-7051
About Virtual Investor Conferences® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
Forward-Looking Information This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, as described in more detail in the Company’s securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Current-Account Deficit Widened by 44.3 Percent in the First Quarter
Current-Account Balance (Table 1 and Chart 1)
The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $138.2 billion, or 44.3 percent, to $450.2 billion in the first quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $312.0 billion (table A).
The first-quarter deficit was 6.0 percent of current-dollar gross domestic product, up from 4.2 percent in the fourth quarter.
The $138.2 billion widening of the current-account deficit in the first quarter mostly reflected an expanded deficit on goods.
Current-Account Transactions (tables 1–5 and chart 2)
Exports of goods and services to, and income received from, foreign residents decreased $3.9 billion to $1.24 trillion in the first quarter. Imports of goods and services from, and income paid to, foreign residents increased $134.3 billion to $1.69 trillion.1
Trade in goods (table 2)
Exports of goods increased $21.1 billion to $539.0 billion, and imports of goods increased $158.2 billion to $1.00 trillion. The increase in exports was led by capital goods, mainly civilian aircraft and computer accessories, peripherals, and parts. The increase in imports was led by nonmonetary gold and consumer goods, mostly medicinal, dental, and pharmaceutical products (see “Additional Information” for a definition of nonmonetary gold under “Goods”).
Trade in services (table 3)
Exports of services decreased $4.4 billion to $293.2 billion, reflecting decreases in government goods and services, mostly military units and agencies, in travel, mostly “other personal travel,” and in “other business services,” mainly professional and management consulting services. These decreases were partly offset by an increase in maintenance and repair services. Imports of services decreased $1.8 billion to $217.8 billion, reflecting a decrease in charges for the use of intellectual property, mostly licenses for the use of outcomes of research and development.
Primary income (table 4)
Receipts of primary income decreased $22.9 billion to $355.1 billion, and payments of primary income decreased $13.7 billion to $362.7 billion. The decreases in both receipts and payments reflected a decrease in direct investment income, mostly earnings.
Secondary income (table 5)
Receipts of secondary income increased $2.3 billion to $49.6 billion, reflecting an increase in private transfers, primarily fines and penalties. Payments of secondary income decreased $8.4 billion to $101.5 billion, reflecting a decrease in general government transfers, primarily international cooperation.
Capital-Account Transactions (table 1)
Capital-transfer receipts decreased $2.4 billion to $8.9 billion in the first quarter. The decrease reflected first-quarter receipts from foreign insurance companies for losses resulting from wildfires in Southern California that were lower than fourth-quarter receipts for losses resulting from Hurricane Milton. For information on transactions associated with hurricanes and other disasters, see “How do losses recovered from foreign insurance companies following natural or man-made disasters affect foreign transactions, the current account balance, and net lending or net borrowing?”. Capital-transfer payments increased $0.5 billion to $2.0 billion.
Financial-Account Transactions (tables 1, 6, 7, and 8 and chart 3)
Net financial-account transactions were −$299.5 billion in the first quarter, reflecting net U.S. borrowing from foreign residents.
Financial assets (tables 1, 6, 7, and 8)
First-quarter transactions increased U.S. residents’ foreign financial assets by $524.9 billion. Transactions increased “other investment assets,” mostly short-term loans, by $328.2 billion; portfolio investment assets, mostly debt securities, by $128.4 billion; direct investment assets, mostly equity, by $66.8 billion; and reserve assets by $1.5 billion.
Liabilities (tables 1, 6, 7, and 8)
First-quarter transactions increased U.S. liabilities to foreign residents by $843.7 billion. Transactions increased portfolio investment liabilities, mostly long-term debt securities, by $429.9 billion; “other investment liabilities,” mainly short-term deposits and loans, by $358.9 billion; and direct investment liabilities, mostly equity, by $54.9 billion.
Financial derivatives (table 1)
Net transactions in financial derivatives were $19.3 billion in the first quarter, reflecting net U.S. lending to foreign residents.
Table A. Updates to Fourth-Quarter 2024 International Transactions Accounts Balances
[Billions of dollars, seasonally adjusted]
Preliminary estimates
Revised estimates
Current-account balance
–303.9
−312.0
Goods balance
−326.1
−328.9
Services balance
76.1
78.0
Primary income balance
2.3
1.6
Secondary income balance
−56.2
−62.6
Net financial-account transactions
−385.3
−350.8
U.S. Bureau of Economic Analysis
Annual Update of the U.S. International Transactions Accounts
The statistics in this release reflect the annual update of the U.S. International Transactions Accounts. With this update, BEA has incorporated newly available and revised source data and recalculated seasonal and trading-day adjustments beginning with 2018. This annual update also reflects the incorporation of (1) BEA’s 2022 Benchmark Survey of Transactions in Selected Services and Intellectual Property With Foreign Persons, (2) a new balance of payments adjustment to exports of goods to redistribute estimates for late receipts for Canada from “other goods” to detailed commodities, (3) a new method for estimating other investment assets and other investment liabilities transactions by maturity, and (4) new statistics for transactions, income, and positions related to a repurchase agreement facility for foreign and international monetary authorities. A summary of the revisions to high-level aggregates is shown in table 9.
Table B. Newly Available and Revised Source Data: Key Providers and Years Affected
Agency
Data
Years affected
U.S. Bureau of Economic Analysis
Quarterly and benchmark international trade in services surveys
2018–2024
Annual and quarterly direct investment surveys
2022–2024
U.S. Census Bureau
Revised source data for international trade in goods
2022–2024
U.S. Department of the Treasury
Quarterly and monthly portfolio and other investment surveys
2022–2024
Benchmark and quarterly portfolio investment surveys
2023–2024
U.S. Bureau of Economic Analysis
More information on the annual update is available in “Preview of the 2025 Annual Update of the International Economic Accounts” in the Survey of Current Business. Additional information will be provided in the Survey in July 2025. U.S. International Economic Accounts: Concepts and Methods will be updated in September 2025 accordingly.
For resources, definitions, and more, visit “Additional Information.”
Next release: September 23, 2025, at 8:30 a.m. EDT U.S. International Transactions, 2nd Quarter 2025
1 U.S. international transactions are presented in current dollars in accordance with international statistical presentation guidelines. For a comparison of current-dollar, or nominal, and inflation-adjusted, or real, measures of international transactions, see “SECTION 4 – FOREIGN TRANSACTIONS” of the National Income and Product Accounts.
Current-Account Deficit Widened by 44.3 Percent in the First Quarter
Current-Account Balance (Table 1 and Chart 1)
The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $138.2 billion, or 44.3 percent, to $450.2 billion in the first quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $312.0 billion (table A).
The first-quarter deficit was 6.0 percent of current-dollar gross domestic product, up from 4.2 percent in the fourth quarter.
The $138.2 billion widening of the current-account deficit in the first quarter mostly reflected an expanded deficit on goods.
Current-Account Transactions (tables 1–5 and chart 2)
Exports of goods and services to, and income received from, foreign residents decreased $3.9 billion to $1.24 trillion in the first quarter. Imports of goods and services from, and income paid to, foreign residents increased $134.3 billion to $1.69 trillion.1
Trade in goods (table 2)
Exports of goods increased $21.1 billion to $539.0 billion, and imports of goods increased $158.2 billion to $1.00 trillion. The increase in exports was led by capital goods, mainly civilian aircraft and computer accessories, peripherals, and parts. The increase in imports was led by nonmonetary gold and consumer goods, mostly medicinal, dental, and pharmaceutical products (see “Additional Information” for a definition of nonmonetary gold under “Goods”).
Trade in services (table 3)
Exports of services decreased $4.4 billion to $293.2 billion, reflecting decreases in government goods and services, mostly military units and agencies, in travel, mostly “other personal travel,” and in “other business services,” mainly professional and management consulting services. These decreases were partly offset by an increase in maintenance and repair services. Imports of services decreased $1.8 billion to $217.8 billion, reflecting a decrease in charges for the use of intellectual property, mostly licenses for the use of outcomes of research and development.
Primary income (table 4)
Receipts of primary income decreased $22.9 billion to $355.1 billion, and payments of primary income decreased $13.7 billion to $362.7 billion. The decreases in both receipts and payments reflected a decrease in direct investment income, mostly earnings.
Secondary income (table 5)
Receipts of secondary income increased $2.3 billion to $49.6 billion, reflecting an increase in private transfers, primarily fines and penalties. Payments of secondary income decreased $8.4 billion to $101.5 billion, reflecting a decrease in general government transfers, primarily international cooperation.
Capital-Account Transactions (table 1)
Capital-transfer receipts decreased $2.4 billion to $8.9 billion in the first quarter. The decrease reflected first-quarter receipts from foreign insurance companies for losses resulting from wildfires in Southern California that were lower than fourth-quarter receipts for losses resulting from Hurricane Milton. For information on transactions associated with hurricanes and other disasters, see “How do losses recovered from foreign insurance companies following natural or man-made disasters affect foreign transactions, the current account balance, and net lending or net borrowing?”. Capital-transfer payments increased $0.5 billion to $2.0 billion.
Financial-Account Transactions (tables 1, 6, 7, and 8 and chart 3)
Net financial-account transactions were −$299.5 billion in the first quarter, reflecting net U.S. borrowing from foreign residents.
Financial assets (tables 1, 6, 7, and 8)
First-quarter transactions increased U.S. residents’ foreign financial assets by $524.9 billion. Transactions increased “other investment assets,” mostly short-term loans, by $328.2 billion; portfolio investment assets, mostly debt securities, by $128.4 billion; direct investment assets, mostly equity, by $66.8 billion; and reserve assets by $1.5 billion.
Liabilities (tables 1, 6, 7, and 8)
First-quarter transactions increased U.S. liabilities to foreign residents by $843.7 billion. Transactions increased portfolio investment liabilities, mostly long-term debt securities, by $429.9 billion; “other investment liabilities,” mainly short-term deposits and loans, by $358.9 billion; and direct investment liabilities, mostly equity, by $54.9 billion.
Financial derivatives (table 1)
Net transactions in financial derivatives were $19.3 billion in the first quarter, reflecting net U.S. lending to foreign residents.
Table A. Updates to Fourth-Quarter 2024 International Transactions Accounts Balances
[Billions of dollars, seasonally adjusted]
Preliminary estimates
Revised estimates
Current-account balance
–303.9
−312.0
Goods balance
−326.1
−328.9
Services balance
76.1
78.0
Primary income balance
2.3
1.6
Secondary income balance
−56.2
−62.6
Net financial-account transactions
−385.3
−350.8
U.S. Bureau of Economic Analysis
Annual Update of the U.S. International Transactions Accounts
The statistics in this release reflect the annual update of the U.S. International Transactions Accounts. With this update, BEA has incorporated newly available and revised source data and recalculated seasonal and trading-day adjustments beginning with 2018. This annual update also reflects the incorporation of (1) BEA’s 2022 Benchmark Survey of Transactions in Selected Services and Intellectual Property With Foreign Persons, (2) a new balance of payments adjustment to exports of goods to redistribute estimates for late receipts for Canada from “other goods” to detailed commodities, (3) a new method for estimating other investment assets and other investment liabilities transactions by maturity, and (4) new statistics for transactions, income, and positions related to a repurchase agreement facility for foreign and international monetary authorities. A summary of the revisions to high-level aggregates is shown in table 9.
Table B. Newly Available and Revised Source Data: Key Providers and Years Affected
Agency
Data
Years affected
U.S. Bureau of Economic Analysis
Quarterly and benchmark international trade in services surveys
2018–2024
Annual and quarterly direct investment surveys
2022–2024
U.S. Census Bureau
Revised source data for international trade in goods
2022–2024
U.S. Department of the Treasury
Quarterly and monthly portfolio and other investment surveys
2022–2024
Benchmark and quarterly portfolio investment surveys
2023–2024
U.S. Bureau of Economic Analysis
More information on the annual update is available in “Preview of the 2025 Annual Update of the International Economic Accounts” in the Survey of Current Business. Additional information will be provided in the Survey in July 2025. U.S. International Economic Accounts: Concepts and Methods will be updated in September 2025 accordingly.
For resources, definitions, and more, visit “Additional Information.”
Next release: September 23, 2025, at 8:30 a.m. EDT U.S. International Transactions, 2nd Quarter 2025
1 U.S. international transactions are presented in current dollars in accordance with international statistical presentation guidelines. For a comparison of current-dollar, or nominal, and inflation-adjusted, or real, measures of international transactions, see “SECTION 4 – FOREIGN TRANSACTIONS” of the National Income and Product Accounts.
Increasing transatlantic defence industry production capacity is imperative to meet higher defence investment demand signals and support NATO’s enhanced deterrence and defence effectively.
Multinational capability delivery initiatives are a cost-effective way of acquiring capabilities at speed and scale, which some Allies would not be able to do alone.
This proven and valuable approach is gaining new momentum as Allies work to meet NATO’s newly agreed capability targets.
At the NATO Summit Defence Industry Forum in The Hague on Tuesday (24 June 2025), Allies signed a number of new multinational projects and expanding existing ones. Belgium, Canada, Denmark, Germany, Greece, Italy, the Netherlands, Norway, Poland, Sweden, Türkiye and the United Kingdom committed to the joint acquisition, storage, transportation and management of stockpiles of defence critical raw materials, including through recycling existing products.
This High Visibility Project will help facilitate access to a sufficient supply of defence critical raw materials such as lithium, titanium and rare earth materials, which the Allied defence industry requires to deliver the capabilities needed to keep people safe. It will also help make NATO less vulnerable to supply shocks and reduce reliance on external providers. The project supports the implementation of NATO’s Defence Critical Supply Chain Security Roadmap, agreed by NATO Defence Ministers in June 2024.
The Multinational Multi Role Tanker Transport Fleet (MMF) programme also reached a new milestone, with Denmark and Sweden joining this initiative. In addition, the NATO Support and Procurement Agency (NSPA) signed a contract with Airbus Defence and Space for the acquisition of two additional A330 Multi Role Tanker Transport (MRTT) aircraft, raising the current fleet to 12 aircraft. Launched in 2012, the MMF programme is an example of effective NATO-EU collaboration, supported initially by the Organisation for Joint Armament Cooperation (OCCAR) and currently managed by NSPA. The fleet provides participating nations with critical capabilities in air-to-air refuelling, strategic airlift, and aeromedical evacuation.
Estonia, Finland, Italy, Latvia, the Netherlands and Sweden also broke new ground in supporting the further integration of new technologies in military operations, announcing the establishment of the first NATO Innovation Ranges. These are a key pillar of NATO’s Rapid Adoption Action Plan, which Allied Leaders are expected to endorse at the NATO Summit, and which aims to expedite innovation adoption, leverage new technologies at speed to deliver on capability targets, and increase production capacity through the inclusion of non-traditional suppliers in the defence industrial base. These ranges will enable Allies and NATO to test, refine, and validate new technological products in operationally realistic environments.
The NATO Support and Procurement Organisation (NSPO), NSPA’s governing body, also signed a partnership agreement with Australia. The agreement will allow Australia’s participation in the full range of NSPA activities and services, including, but not limited to, the fields of acquisition, logistics, operational and systems support and services. This is an important milestone in NATO’s cooperation with partners around the globe.
At the signing ceremony, NATO Deputy Secretary General Radmila Shekerinska also praised the conclusion of several new framework contracts by the NATO Support and Procurement Agency (NSPA) since January 2025, worth 4.7 billion euros, for critical munitions sourced from across the Alliance.