NewzIntel.com

Category: Commerce

  • MIL-OSI United Kingdom: Certification Officer Annual Report 2024-2025

    Source: United Kingdom – Executive Government & Departments

    Press release

    Certification Officer Annual Report 2024-2025

    Annual Report to the Secretary of State for Business and Trade and the Chair of ACAS on the activities of the Certification Officer

    Certification Officer for Trade Unions and Employers’ Associations: press announcement

    The annual report of the Certification Officer, Sarah Bedwell, was laid before Parliament on 7 July 2025. The report describes the work of the Certification Officer in 2024/25 and includes statistical information relating to trade unions and employers’ associations for 2023 and 2024.

    Lists of trade unions and employers’ associations

    There were changes to the list of trade unions on the Certification Officer’s list with 4 trade unions being removed and 4 new organisations being added. Therefore, the total number of listed trade unions was 128, the same number as in the previous reporting year. The number of employers’ associations remained stable at 36 with no changes.

    Trade union membership and finances

    Reported trade union membership increased by 21.8% – from 5.5 million in 2022-2023 to 6.7 million in 2023-2024. However, this was mainly because of the inclusion of Unite the Union’s membership of 1.2 million which was not included last year.

    Total assets of trade unions saw a decrease of 1.3% from £2.30 billion to £2.27 billion.

    Political funds

    Twenty unions reported on their political funds. The total amount held in those political funds was £35.8 million, an increase of 7.8% compared to the previous year.

    Complaints

    The Certification Officer issued decisions on 13 complaints from members against their trade unions. Of these, 4 complaints were withdrawn by the applicants, 3 were struck out, 5 were dismissed following hearings and 1 was upheld with 1 enforcement order being made.

    Powers from the Trade Union Act 2016

    The amendments brought in by The Trade Union Act 2016 mean that trade unions and employers’ associations are required to pay a levy to fund the costs of the Certification Officer’s office. The second levy collection was completed in the reporting year.

    The total costs which need to be funded, for this year, through the third levy are £615,146, an increase on last year’s figure of £607,444 due to implementing the agreed public sector pay increase.

    The amendments also allow the Certification Officer to:

    • Consider whether an organisation has breached certain statutory responsibilities without having first received a complaint from a member of that organisation or another eligible party.
    • Impose a financial penalty order or conditional financial penalty order where she finds that an organisation has breached its statutory responsibilities and/or its rules.

    There was one breach of the statutory election requirements which was brought to the Certification Officer’s attention by the trade union concerned. The Certification Officer agreed that the breach had occurred and made an order to remedy the breach.

    The Certification Officer did not see cause to make any financial penalty or conditional financial penalty order in relation to any of the beaches that she found (either arising from members’ complaints or otherwise).

    Notes to editors:

    • The Certification Officer is the independent regulator for trade unions, appointed by the Secretary of State for Business and Trade. Sarah Bedwell was appointed to the post on 1 January 2018 and retired on 31 May 2025. Michael Kidd was appointed as Interim Certification Officer from 1 June 2025.

    • All figures are taken from the annual returns received from organisations during the reporting year.

    Please direct any press enquiries to:

    0330 109 3602, info@certoffice.org

    Updates to this page

    Published 8 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Office of the Governor – News Release – Gov. Green Enacts Laws to Stabilize Property Insurance Market and Support Homeless Youth

    Source: US State of Hawaii

    HONOLULU – Governor Josh Green, M.D., today signed significant bills into law to stabilize the state’s property insurance market and expand essential resources for youth and young adults facing homelessness. As Hawai‘i continues to face a nuanced housing crisis, Governor Green’s administration remains committed to actively reducing barriers to safe, stable, reliable and insurable housing for all residents.

    SB 1044: RELATING TO THE STABILIZATION OF PROPERTY INSURANCE
    Due to the instability in the insurance market that has been exacerbated by local and national environmental disasters, Senate Bill 1044 (Act 296) aims to stabilize the state’s property insurance market amid escalating premiums and limited coverage options.

    “The rising cost of insurance has become yet another unbearable burden for Hawaiʻi and its residents over several years and mirrors a similar crisis on the mainland,” said Governor Green. “I am appreciative of the Legislature, the Hawaiʻi Insurance Division and all the passionate stakeholders for the dedicated and collaborative effort over the past two years as we addressed this challenge.”

    Act 296 reactivates the Hawaiʻi Hurricane Relief Fund (HHRF) to provide insurance coverage in scenarios where the private market fails to do so. Applications are now being accepted by the HHRF for Condominium and Townhouse Associations of Apartment Owners (AOAOs) seeking to obtain hurricane commercial property insurance coverage.

    “This bill is a lifeline for thousands of Hawai‘i residents crushed by soaring insurance costs — and finally gives them somewhere to turn,” said Senate Commerce and Consumer Protection Committee Chair Jarrett Keohokalole.

    Act 296 enhances the powers of the Hawaiʻi Property Insurance Association (HPIA) to provide additional coverage options, establishes the Condominium Loan Program to help buildings remain insurable, and mandates the Insurance Commissioner to conduct a comprehensive study aimed at developing sustainable strategies for market stabilization.

    “We targeted this bill to help the average condominium building, not the luxury high-rises,” said Representative Scot Z. Matayoshi, chair of the House Consumer Protection and Commerce Committee. “In addition to increasing the market capacity for insurance coverage, which will allow many associations to return to the lower-cost admitted market, this bill also contains a low-interest loan pilot program, encouraging condominiums to make specific high-impact repairs that should lower insurance premiums and raise unit values. The long-term solution is for condominiums to address essential repairs and deferred maintenance, which will help them secure insurance in the future and improve the lives of their residents.”

    Formed in 1993 in response to the devastation caused by Hurricane Iniki, the HHRF was established to address the gap in property insurance coverage created when many private insurers withdrew from the hurricane insurance market. As time passed and private insurers resumed offering hurricane coverage, the HHRF ceased operation and remained dormant. In 2024, Governor Green reactivated the HHRF to address the growing instability in the property insurance market caused by major climate events, rapidly rising premiums, and a decrease in available insurers, which created significant barriers to obtaining coverage for many AOAOs.

    “The HHRF board of directors worked tirelessly to get the program operational to bring additional coverage availability for the market. We anticipate this program can provide every eligible association with full coverage or a portion of their full coverage,” said Acting Insurance Commissioner Jerry Bump. “In just two weeks, we’ve seen pricing pressure and market competition significantly decrease the cost of coverage.”

    “The condominium community will now benefit from much-needed premium relief. As we have already seen in some of the initial submissions, properties of all sizes have seen upwards of 70% savings on their hurricane insurance,” added Alex McLaury, commercial insurance agent at ACW Group.

    To be eligible to apply for hurricane insurance under the HHRF, an AOAO must: (1) have been previously denied hurricane coverage by at least two state licensed insurance companies operating in Hawaiʻi; and (2) have buildings with a total insured value exceeding $10 million.

    Commercial property insurance policies offered under the HHRF are limited to hurricane coverage only and this is excess coverage that only can cover the portion of losses above $10 million. AOAOs must purchase separate primary insurance to cover hurricane losses up to $10 million. All applications must be submitted through a licensed insurance producer.

    More information about the HHRF, including frequently asked questions (FAQs), application and other forms are available at https://hhrf.hawaii.gov.

    HB 613: RELATING TO HOMELESS YOUTH
    House Bill 613 (Act 297) makes permanent the youth pilot program originally established under Act 130, Session Laws of Hawai‘i 2022. The measure creates a safe space and youth program in each county for youth and young adults experiencing or at risk of homelessness. These safe spaces will provide 24/7 access to lodging, meals, showers, medical and behavioral health services, as well as educational and employment support. Through the joint efforts of state and county departments, those in need of further support shall be connected to nonprofit institutions with the expertise to offer long-term support and shelter. Reports of this program will be submitted to the Legislature. Appropriations will be $871,016 for fiscal year 2026 and $1.8 million for fiscal year 2027.

    “This is how we break the cycle of homelessness,” said Governor Green. “By investing in people, especially our youth, we are shaping a future where everyone has a chance to thrive. This program shows what is possible when a community comes together with a purpose.”

    “House Bill 613 makes the Safe Places for Youth program permanent, providing 24-hour access to shelter, mental health care, education support, and job training for homeless youth,” said Representative Lisa Marten, chair of the House Committee on Human Services and Homelessness. “With continued services on Oʻahu and Hawaiʻi Island and plans to expand statewide, this program is a lifeline for our most vulnerable youth. I am thankful to all the advocates who made this possible.”

    The complete list of bills signed includes the following. Click the link to see full details of the bill enacted into law.

    SB 1231 (ACT 298) RELATING TO PARENTAGE

    Video of the Insurance Stabilization bill signing can be seen here.
    Video of the bill signing relating to Houseless Youth can be seen here.
    The Insurance Stabilization slide deck presented by the Governor can be viewed here.
    The slide deck for the bill relating to Houseless Youth can be viewed here.
    Photos of the bill signing ceremonies, courtesy Office of the Governor, will be uploaded here.

    MIL OSI USA News –

  • MIL-OSI USA: Six months after the LA fires, nation’s fastest residential cleanup nears completion as Governor Newsom signs streamlining executive order, joins local leaders to unveil blueprint for rebuilding

    Source: US State of California 2

    Jul 7, 2025

    Recovery moves into next phase with focused plan to fast-track reconstruction and support impacted communities

    What you need to know: Governor Newsom has announced that debris removal for the Los Angeles firestorm is now substantially complete just six months after the fires ignited and has signed a new executive order to further fast-track rebuilding homes and schools. The Governor announced a blueprint for recovery in partnership with Los Angeles County leaders. 

    LOS ANGELES – On the six month anniversary of the Eaton and Palisades fires, Governor Gavin Newsom today announced the substantial completion of the public debris removal program from more than 10,000 fire damaged parcels — marking the fastest major disaster cleanup in American history. The Governor also signed an executive order shepherding rebuilding homes and schools. He also joined local officials to unveil a new blueprint for recovery, a step-by-step plan to accelerate rebuilding and provide support to impacted families and communities. The near-completion of the public debris removal program comes months ahead of schedule.

    This is the biggest reform of the California mental health system in decades and will finally equip partners to deliver the results all Californians need and deserve. Treatment centers will prioritize mental health and substance use support in the community like never before. Now, it’s time to roll up our sleeves and begin implementing this critical reform – working closely with city and county leaders to ensure we see results.

    Governor Gavin Newsom

    “Visiting LA during the fires and in their devastating aftermath, I met with so many who despite facing so much loss and suffering themselves, were out helping their neighbors—delivering food, donating clothes, rescuing pets, opening up their homes to those who had lost theirs,” said First Partner Jennifer Siebel Newsom. “Although much has been accomplished already in this recovery effort, the work continues. In it, Angelenos continue to show each other—and the world—the very best of us.” 

    Historic debris removal operation 

    The LA Fires cleanup is the second largest in state history after the Camp Fire and was jointly managed by the Governor’s Office of Emergency Services (Cal OES) and United States Army Corps of Engineers, in partnership with Federal Emergency Management Agency (FEMA), as well Los Angeles County and City of Los Angeles. 
    Of the 12,048 total properties destroyed in the twin fires, 9,873 opted to participate in the cost-free public cleanup program and 1,982 opted to complete the work themselves. As of today 9,195 total have been cleared of debris with several hundred more awaiting erosion control measures and final sign-off.
    Any properties whose owner did not opt into the state-federal cleanup or remediate their parcel privately will be subject to a locally led city and county abatement process which is already underway.

    Billions of pounds of debris remediated

    The volume of ash, soot and structural debris cleaned up during this short time is nothing short of breathtaking.
    Crews removed more than 2.5 million tons — or 5.5 billion pounds — of ash, debris, metal, concrete, and contaminated soil in nine months’ time as part of California’s Consolidated Debris Removal Program. The total tonnage removed from the Eaton and Palisades Fires is equivalent to 92 Statues of Liberty. It is twice the amount removed from Ground Zero after 9/11.

    Prioritizing efficient rebuilding

    Today’s executive order fast-tracks the rebuilding of homes and schools affected by the disaster by suspending local permitting laws and building codes, at the request of local officials. The order: 

    • Expands suspensions of the Coastal Act and CEQA in the city of Los Angeles, creating parity among homeowners in the city and allowing homeowners to fast-track their entire rebuilding project.
    • Expands existing Coastal Act and CEQA exemptions to streamline rebuilding public schools, getting kids back in neighborhood public schools faster.
    • Exempts residents who are rebuilding homes from the requirement to install rooftop solar and battery storage systems to reduce up-front costs, while retaining the “Solar Ready” requirement to ensure these structures can support future installation of solar energy systems. 
    • Suspends changes to building codes that would go into effect on January 1, 2026, when not all homeowners will have finalized their plans to rebuild, to create certainty for homeowners and avoid the need to change plans, while retaining updated fire safety requirements.

    A blueprint for recovery 

    The progress made during this effort is due in large part to the unprecedented coordination among city, county, state, and federal partners.

    As the debris-removal work comes to an end and communities set their sights on the next phase of recovery, Los Angeles County embraces its role to lead local rebuilding efforts in unincorporated areas and foster conditions for a successful and equitable reconstruction and recovery in both city and county areas.

    The focus now shifts to the ongoing rebuilding process, where the state is actively supporting local officials in:

    • Identifying community needs for reconstruction
    • Specifying the magnitude and time-sensitivity of community needs, including needs for homeowners, residents, businesses and others.  
    • Defining priorities and what the county can do to move the needle and address identified needs
    • Communicating how it’s partnering to make reconstruction fast and affordable
    • Outlining an implementation roadmap 

    This blueprint will serve the near-term roadmap for the next 120 days, enabling the county to maintain the current pace for rebuilding and not be late to the needs of communities.  

    What they are saying

    “We have made tremendous progress in rebuilding our communities for the thousands of families who lost everything in the Eaton and Palisades fires, but to keep up this momentum, we are going to need more federal support. I will continue to push my colleagues in Congress to approve additional disaster assistance for California, because natural disasters don’t discriminate between red or blue states. We have always been there to help our neighbors, and it’s time for Congress to step up and deliver the disaster aid California needs.” – U.S. Senator Alex Padilla

    “For the past six months, as Los Angeles confronted the most devastating natural disaster in a generation, our communities have rallied to remind the world why we are the City of Angels. First responders, volunteers, friends, and neighbors helped recovery efforts, many of whom I’ve had the good fortune to meet and thank firsthand. In California, we have brought a sense of urgency to the cleanup and rebuilding, united in our goal of rising stronger from this ash and adversity. Senator Padilla and I continue to work with the Governor and the entire California delegation in Congress to supplement local efforts with the overdue federal disaster assistance needed to fully restore these vital neighborhoods,” – U.S. Senator Adam Schiff

    “Six months ago, our community was forever changed by the Los Angeles wildfires. Today, we remember the lives lost, the homes destroyed, and the bravery of those who stood in the face of unimaginable devastation. While we’ve made tremendous progress in delivering critical aid and coordinating relief on the ground, our work is far from over. We still face urgent challenges like securing affordable, long-term housing for those displaced. That’s why I’m incredibly grateful for Governor Newsom’s support and partnership as we fight for additional federal disaster aid to ensure that every survivor has the resources they need to recover and rebuild. As climate change fuels more frequent and devastating natural disasters across the country, we must remember that natural disasters have no political affiliations. And neither should our response. Every American deserves swift and fair federal aid no matter where they live or who they voted for.” – U.S. Representative Judy Chu

    “Reaching the six-month anniversary of the Los Angeles Wildfires reminds us that while recovery is a long journey, progress is possible when we stand together. From day one, Governor Newsom and his Administration have been true partners in this work, helping us cut red tape, bring resources to survivors, and rebuild with urgency and compassion. We have completed the fastest debris cleanup in California history and are now moving forward with an ambitious, people-first recovery blueprint. I remain committed to ensuring every affected community has the support they need to rebuild and thrive.” – Los Angeles County Board of Supervisors Chair Kathryn Barger

    “Six months ago, the Palisades and Eaton Fires put our communities to the ultimate test. In the face of colossal devastation, we witnessed the unshakable resilience of the human spirit. Our residents stood strong, banded together, and reminded us all of the power of community. Thanks to a close partnership with Governor Newsom, governmental coordination at every level, and tireless County teams, we’ve already led the fastest debris removal in history. This is the spirit of Los Angeles County — and our momentum will continue. Together, we are not just restoring what was lost — we are building back stronger, safer, and more united than ever.” – Los Angeles County Supervisor Lindsay Horvath

    “Six months ago, L.A. experienced one of the most unprecedented natural disasters in U.S. history. But this community—from Pacific Palisades to Malibu to Altadena—is resilient. We are L.A. strong. I want to thank Governor Newsom, Supervisor Barger, and all of our federal, state, County, non-profit and philanthropic partners for their collaboration as we continue to lead the fastest recovery in state history as we create clear and supportive pathways for homeowners to rebuild.” – Los Angeles Mayor Karen Bass

    “As we mark six months since the Eaton Fire, I want to thank Governor Newsom for his leadership and steadfast support. I also want to acknowledge our federal, state, and local partners—including Supervisor Kathryn Barger and her team, FEMA, the U.S. Army Corps of Engineers, CalOES, LA County Public Works, and our dedicated City of Pasadena team. Thanks to these strong partnerships, and the strength and heart of our local community, we have forged a path of recovery that is not only steady—it is, by all measures, unprecedented in its pace and coordination.” – Pasadena Mayor Victor Gordo

    “The City of Malibu is grateful for the cooperation of the Governor’s office during this extraordinary time. Additionally, the outstanding teamwork that has developed between the State of California, County of Los Angeles and our Federal partners, including the Army of Corp of Engineers, is something we can all be proud of. All levels of government have looked to find innovative ways to respond and work to create an efficient recovery. We are excited to continue our work to rebuild our communities and find ways to reduce rebuild costs by working together.” – Malibu Mayor Marianne Riggins

    “On this six-month anniversary of the Eaton Fire, I want to extend our sincere gratitude to our federal, state, and county partners, for their continued leadership and support. Thanks to their efforts, we’ve made significant progress toward recovery. Nevertheless, we recognize there is still critical work ahead to fully restore our impacted communities and Sierra Madre remains committed to that path.” – Sierra Madre Mayor Robert Parkhurst

    “This progress is a testament to the unwavering collaboration between FEMA, USACE, CalOES, L.A. County Department of Public Works and all of our federal, state, local and private sector partners. In my 28 years of emergency management, I’ve rarely seen such an effective and united response and recovery effort. Together, we are making significant strides in helping communities rebuild and restore their lives. The dedication and hard work of everyone involved exemplifies the true spirit of American resilience and determination, making this milestone possible.” – FEMA Region 9 Administrator Bob Fenton

    “Over the past six months, the U.S. Army Corps of Engineers, working closely with our federal, state, and local partners, has made significant progress in the Eaton and Palisades Fire debris removal mission. Together, we’ve safely and efficiently cleared thousands of fire-impacted properties, moving quickly to reduce hazards and help communities take the next steps toward recovery. This mission demonstrates what can be achieved through strong partnerships and a shared commitment to fast, safe, and effective operations. USACE remains fully committed to seeing this mission through to completion.” – Colonel Eric R. Swenson, United States Army Corps of Engineers
     

    California’s all-in efforts

    Since the first day these firestorms ignited, Governor Newsom has been on the ground leading an all-in state response and recovery. 

    The Governor deployed resources before the hurricane-force fires broke out – growing to over 16,000 boots on the ground at the peak of the state’s response. And in the hours that followed, Governor Newsom launched historic recovery and rebuilding efforts to help Los Angeles get back on its feet, faster. 

    Even before the fires were out, Governor Newsom worked closely with outgoing President Joe Biden to secure a Presidential Major Disaster Declaration and then coordinated with the Trump Administration to ensure comprehensive federal support for Los Angeles. 

    That work has paid dividends as the current pace of debris and hazardous waste removal is months ahead of the cleanup timeline for the Camp, Woolsey, Hill fires in 2019 and Tubbs Fire in 2017/18, which at the time were themselves the fastest of their kind. 

    State and federal officials worked hand in glove to clear hazardous waste from 9,000 homes in less than 30 days. At the project’s peak, as many as 500 crews of expert heavy equipment operators from the Army Corps of Engineers worked around the clock to rapidly clear ash, soot, and fire debris from structures damaged by the Eaton and Palisades fires. 

    By the numbers 

    • 16,000 first responders and recovery personnel deployed
    • $2.5 billion in Small Business Administration Assistance approved. 
    • $144.2 million in individual assistance disbursed
    • $100 million in dedicated community partnerships through LA Rises
    • 40,000 totals visitors to disaster recovery centers 
    • 30 days to clear properties of hazardous waste
    • 9,195 properties cleared of debris 
    • 2,300 homes cleared of debris 
    • 12,500 right of entry forms submitted 
    • 8 of 8 schools resumed in person instruction 
    • 9 of 9 water systems reactivated  

    California’s historic recovery and rebuilding efforts 

    Cutting red tape to help rebuild Los Angeles faster and stronger

    • The new executive order builds on prior orders to streamline the rebuilding of homes and businesses destroyed — suspending permitting and review requirements under the California Environmental Quality Act (CEQA) and the California Coastal Act. The Governor also issued an executive order further cutting red tape by reiterating that permitting requirements under the California Coastal Act are suspended for rebuilding efforts and directing the Coastal Commission not to issue guidance or take any action that interferes with or conflicts with the Governor’s executive orders. The Governor also issued an executive order removing administrative barriers, extending deadlines, and providing critical regulatory relief to help fire survivors rebuild, access essential services, and recover more quickly.

    Providing tax and mortgage relief to those impacted by the fires

    Fast-tracking temporary housing and protecting tenants

    • To help provide necessary shelter for those immediately impacted by the firestorms, the Governor issued an executive order to make it easier to streamline construction of accessory dwelling units, allow for more temporary trailers and other housing, and suspend fees for mobile home parks. Governor Newsom also issued an executive order that prohibited landlords in Los Angeles County from evicting tenants for sharing their rental with survivors displaced by the Los Angeles-area firestorms.
    • With an eye toward recovery, the Governor directed fast action on debris removal work and mitigating the potential for mudslides and flooding in areas burned. He also signed an executive order to allow expert federal hazmat crews to start cleaning up properties as a key step in getting people back to their properties safely. The Governor also issued an executive order to help mitigate risk of mudslides and flooding and protect communities by hastening efforts to remove debris, bolster flood defenses, and stabilize hillsides in affected areas. 

    Safeguarding survivors from price gouging

    Directing immediate state relief

    Getting kids back in the classroom

    Protecting victims from real estate speculators

    • The Governor issued an executive order to protect firestorm victims in the immediate aftermath of losing their homes from predatory land speculators making aggressive and unsolicited below-market cash offers to purchase their property.

    Helping businesses and workers get back on their feet

    The Governor issued an executive order to support small businesses and workers, by providing relief to help businesses recover quickly by deferring annual licensing fees and waiving other requirements that may impose barriers to recovery.

    Recent news

    Jul 4, 2025

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring July 4, 2025, as “Independence Day” in the State of California.The text of the proclamation and a copy can be found below: PROCLAMATIONEach year on the Fourth of July, we…

    Jul 3, 2025

    News SACRAMENTO – A day after announcing California has more than doubled its Film and Television Tax Credit Program, Governor Gavin Newsom today signed legislation to further strengthen the state’s commitment to film and television production:AB 1138 by…

    Jul 3, 2025

    News What you need to know: As we approach the Fourth of July holiday and weekend, California is taking steps to keep communities safe during festivities by increasing outreach and highlighting resources. Sacramento, California — As Californians gear up to celebrate…

    MIL OSI USA News –

  • MIL-OSI Russia: HSE’s Project Management Course Receives International Accreditation

    Translation. Region: Russian Federal

    Source: State University “Higher School of Economics” –

    An important disclaimer is at the bottom of this article.

    The Higher School of Business of the National Research University Higher School of Economics has received accreditation for teaching the discipline “Project Management” according to the international standard IPMA ICB 4.0.

    Accreditation confirms that the Project Management course at the HSB complies with international standards: from the content of the course and the qualifications of teachers to the teaching materials. These requirements are recognized in more than 70 countries, including the USA, China, India, Germany, Great Britain and France.

    The Project Management course is implemented as part of various educational programs of the Higher School of Business of the National Research University Higher School of Economics – from bachelor’s and master’s degrees to professional retraining programs and MBA. Particular attention is paid to unified international approaches so that graduates can work in the global market and “speak” with colleagues in the same professional language.

    Project management has long gone beyond the scope of narrow professional tools. Today, it is the key to implementing changes and the basis for sustainable growth of companies in an unstable and rapidly changing environment. Modern project management requires specialists to be flexible, able to work with a high degree of uncertainty, think strategically, and have a wide range of methodological approaches – from classical to Agile and hybrid. All this forms the basis for teaching the Project Management discipline at the Higher School of Business of the National Research University Higher School of Economics.

    The certificate was issued for two years by the Russian Project Management Association SOVNET, the representative of the International Project Management Association (IPMA) in Russia since 1991. To obtain accreditation, the HSE provided a full set of training materials, and the teachers confirmed their qualifications by undergoing certification according to the IPMA system. The assessment was carried out by a commission of national experts authorized by IPMA.

    Ilyina Olga Nikolaevna

    Associate Professor of the Higher School of Business, National Research University Higher School of Economics, Director of the Project Management Center of the Higher School of Business, National Research University Higher School of Economics

    “Accreditation according to the international IPMA standard is a significant step for the HSB. It confirms that our approach to teaching project management meets the high requirements of the global professional community. For us, this is not only an assessment of quality, but also confirmation that we are developing education in accordance with global trends and preparing specialists who are able to work effectively in an international environment.”

    International accreditation confirms HSE’s commitment to high educational standards and strengthens its reputation as a first-choice business school.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Ministry of Economic Development: SEZ residents almost doubled investments in 2024

    Translation. Region: Russian Federal

    Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

    An important disclaimer is at the bottom of this article.

    The Ministry of Economic Development of Russia sent to the Government report on the results of the work of special economic zones for 2024. Such analysis is carried out annually in accordance with the rules for assessing the effectiveness of the functioning of the SEZ, approved by the Government.

    The overall efficiency indicator was 90% (the functioning of the SEZ is considered effective if the overall calculated indicator is 80%).

    “In recent years, the number of SEZs in the country has increased significantly. New territories with a preferential regime have already been included in the rating, but have not yet reached full capacity. At the same time, residents are actively entering the “young” SEZs, expanding production and investing, creating highly paid jobs. Thus, the lion’s share of all investments in the SEZ in 2024 were provided by territories created in 2020-2022. It is important that businesses are increasing investments in the development of new technologies – R&D costs have grown by almost 60% and exceeded 35 billion rubles. This means that even in difficult conditions, companies continue to search for and implement innovative solutions, update products and develop new markets,” said Deputy Minister of Economic Development Svyatoslav Sorokin.

    According to the assessment results, the leaders in terms of efficiency for 2024 were industrial production zones in the Samara Region (Tolyatti), the Republic of Tatarstan (Alabuga), Moscow Region (Stupino Kvadrat), Ivanovo Region (Ivanovo), Lipetsk Region (Lipetsk), and Kaluga Region (Kaluga).

    “Special economic zones remain one of the most effective instruments of state support for investors. Last year, residents invested more than 1.2 trillion rubles in projects, which is twice as much as the year before. Over 25 thousand new jobs were created, which is 40% more than in 2023. These results confirm that businesses are comfortable working in SEZ conditions: these are tax and customs preferences, ready-made infrastructure, administrative support and reduced costs for connecting to resources. All this makes SEZ sites growth points and attractive for long-term investments,” Svyatoslav Sorokin emphasized.

    “Business investments are new high-tech production facilities, jobs, and taxes that we direct to the development of the social sphere and improving the quality of life of our citizens. And the special economic zone “Togliatti” with its opportunities and preferences is an effective tool for attracting private investment, a key growth point. The development of the capacities of the SEZ “Togliatti” will contribute to the development of the regional economy and increase the competitiveness of the region in the investment arena,” said the Governor of the Samara Region Vyacheslav Fedorishchev.

    “Of course, the preferences of the special economic zone play an important role when an investor chooses a location – these are both tax benefits and ready-made infrastructure. For us, the SEZ in Baikalsk has become part of the important work to create a new environmentally friendly business format on the former industrial site,” said Igor Kobzev, Governor of the Irkutsk Region. He also noted that there is currently a high interest from investors in the SEZ, in connection with which the regional authorities are preparing documents for the Ministry of Economic Development of the Russian Federation to expand the preferential regime zone.

    “The Saint Petersburg Special Economic Zone annually confirms its effectiveness, taking places in the top three special economic zones of the technology implementation type. We are the leader in the volume of tax deductions from our residents to the country’s budget system. This makes a significant contribution to the high assessment of our work. Over 19 years of operation, two operating sites of the SEZ have already brought Saint Petersburg 135 billion rubles in investments, almost 8 thousand jobs and about 29 billion rubles in tax deductions. The city sees the effect for Saint Petersburg and is interested in scaling up the project,” said Tamara Rondaleva, General Director of JSC Saint Petersburg Special Economic Zone.

    The efficiency assessment was carried out based on 25 quantitative indicators, as well as six calculated metrics, including: the performance of residents, the profitability of investments from budgets at all levels in the infrastructure of the zones, the efficiency of management bodies, the quality of planning during the creation of the SEZ, and the contribution to the achievement of national development goals defined by the May decree of the President of the Russian Federation.

    Every year new production facilities are opened in the territory of special economic zones. In 2024 alone, several socially significant and high-tech projects began operating at once.

    The production of televisions under the GigaFactory brand has started in the Novgorodskaya SEZ — this is the first and only enterprise of its kind in the region. The plant produces “smart” televisions based on a domestic operating system, which makes the project an important element of import substitution.

    On the territory of the SEZ “Lotus”, the company “Rybnye Korma” launched the first stage of the plant for the production of feed for industrial aquaculture – sturgeon, catfish, trout, salmon, sea bass and dorado. The production is focused on domestic raw materials, and the volume of feed production today is up to 25 thousand tons per year.

    The Krasnogorsky dairy plant has started operating in the Orenburg SEZ. The processing capacity is up to 150 tons of milk per day, the range is more than 50 types of dairy and fermented milk products. The products are supplied not only to retail chains in the Orenburg Region and neighboring regions, but also to Kazakhstan and China.

    The Petexpert plant, specializing in the production of high-quality pet food from natural raw materials, has opened in the Lipetsk SEZ. The enterprise produces up to 20 thousand tons of dry food per year and is developing regional exports.

    On the territory of the SEZ PPT “Alga” in Bashkortostan, the company “Azimut” launched an innovative plant for the production of road paint and cold plastic for marking. The production is located in the industrial park “Ufimsky” and is equipped with a modern laboratory and lines. The products are used in the implementation of federal and regional programs for the construction of transport infrastructure.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: InvestHK signs MOU with Xi’an Hi-Tech Zone to foster Shaanxi-Hong Kong partnership in empowering enterprises’ global expansion (with photos)

    Source: Hong Kong Government special administrative region – 4

         Invest Hong Kong (InvestHK) today (July 8) cohosted the “Shaanxi-Hong Kong Collaboration: Leveraging Hong Kong Strengths to Support Shaanxi Tech Companies in Going Global” seminar in Xi’an, Shaanxi Province, in collaboration with the Hong Kong and Macao Affairs Office of the Shaanxi Provincial People’s Government and the Shaanxi Association for Science and Technology. The event was also co-organised by the Hong Kong Economic and Trade Office in Chengdu (CDETO), the Hong Kong Special Administrative Region (HKSAR) Government’s Shaanxi Liaison Unit, Shaanxi Province Xixian New Area Development and Construction Management Committee, and the Xi’an High-Tech Industries Development Zone Management Committee.
          
         The Director of the CDETO, Mr Enoch Yuen; the Director-General of the Hong Kong and Macao Affairs Office, Shaanxi Provincial Government, Ms Yao Hongjuan; and Vice President of the Shaanxi Association for Science and Technology Mr Lv Jianjun delivered welcome remarks to guests and the media. Mr Yuen said, “The National 14th Five-Year Plan explicitly designates Hong Kong as an international innovation and technology hub, while Shaanxi serves as a key national base for technology and industry, with strong capabilities in energy and chemical engineering, equipment manufacturing, and aerospace, among others. Both Hong Kong and Shaanxi place great importance on the development of the innovation and technology industry, and frequent high-level exchanges between the two places have continued to deepen in recent years. We look forward to deeper collaboration, leveraging Hong Kong’s strengths in taxation, finance, and global connectivity, while combining them with Shaanxi’s strong industrial foundation and innovative vitality, to achieve a mutually beneficial partnership.”
          
         Ms Yao stated that efforts will be made to actively promote and deepen economic, trade, and investment co-operation between Shaanxi and Hong Kong, particularly in the fields of innovation and technology, as well as new quality productive forces. These efforts aim to help enterprises in both regions seize development opportunities and achieve complementary advantages. Mr Lv also delivered remarks at the event.
          
         One of the key highlights of the event was the signing of a Memorandum of Understanding (MOU) between InvestHK and the Xi’an High-Tech Industries Development Zone Management Committee, marking a solid step forward for Shaanxi and Hong Kong in promoting the international development of enterprises in the central and western regions.
          
         Xi’an High-tech Zone is one of the first national high-tech zones approved by the State Council. In 2024, Xi’an High-tech Zone ranked fifth in the country and first in the central and western regions in the comprehensive evaluation of national high-tech zones. The zone focuses on developing innovative industries such as optoelectronic information, smart manufacturing, biomedicine, automobiles, new materials and energy. It has successfully built two “hundred-billion-level industrial clusters” in the automobile industry and electronic information. At present, the zone has become the world’s largest production base for flash memory chips and new energy vehicles.
          
         Under the MOU, the Xi’an High-Tech Industries Development Zone Management Committee will encourage enterprises in the zone to utilise Hong Kong as a base for expanding overseas business. InvestHK will provide enterprises with information on the business environment and policies in Hong Kong, as well as support services for companies investing and operating in Hong Kong. The signing of this MOU establishes a structured collaboration framework, combining Hong Kong’s unique strengths as an international financial centre and Xi’an High-Tech Zone’s innovation capabilities to empower enterprises in accessing global resources efficiently and seizing early opportunities in international markets.
          
         The Head of the Go Global Unit/Business and Talent Attraction/Investment Promotion of Western China of InvestHK, Mr Jason Gan, and the Director of the Science and Technology Innovation Bureau of the Xi’an High-Tech Industries Development Zone, Mr Gao Yuntian, signed the memorandum of co-operation on behalf of their respective sides. Mr Gan said after the signing, “There are tremendous opportunities for co-operation between Shaanxi and Hong Kong in developing new quality productive forces and contributing to China’s high-quality development. As a vital bridge between the Mainland and international markets, Hong Kong has long been committed to providing comprehensive support for Mainland innovation-driven enterprises. We hope to further leverage the complementary advantages of the two places to assist high-quality enterprises in the zone to go global via Hong Kong, and work together to explore new innovative co-operation.”
          
         The Head of Innovation & Technology of InvestHK, Mr Andy Wong, delivered a keynote speech and highlighted Hong Kong’s competitive edge in the I&T sector. “We possess a number of competitive advantages in developing innovation and technology, including world-class academic research and talent, cutting-edge R&D infrastructure, robust intellectual property protection, and the strong support of the HKSAR Government. In 2024, InvestHK supported 120 innovation and technology companies to set up or expand in Hong Kong, making it the top sector among those we assisted. This reflects the international community’s confidence in and recognition of Hong Kong’s I&T development, and further affirms the city’s strategic role as a two-way platform between the Mainland and global markets. Hong Kong’s innovation and technology sector has recently made remarkable progress in several areas. For example, the first batch of regulatory sandbox pilot projects for the low-altitude economy has been launched, serving as a new engine for Hong Kong’s future development. In addition, the city’s new drug approval mechanism has been updated to accelerate the market entry of new pharmaceuticals. I sincerely hope that I&T enterprises in Shaanxi will seize the diverse opportunities offered by Hong Kong to expand into international markets,” he said.

         Senior Manager of the Leasing and Operations Department of Hong Kong-Shenzhen Innovation and Technology Park Limited Mr Tandy Tan and Associate Director of the Research and Innovation Office of Hong Kong Polytechnic University Mr Victor Zhao also shared the opportunities of the Hong Kong Innovation and Technology Center and highlighted Hong Kong’s R&D capabilities in empowering new quality productive forces raised from Hong Kong universities. Deputy Director of the Science, Technology Innovation and New Economy Bureau, Shaanxi Province Xixian New Area Ms Han Ping also shared the latest developments on Shaanxi’s I&T industry construction centre.
          
         This event featured a panel discussion with industry leaders from professional services in Hong Kong, especially in financial professional services. Guest speakers from Hong Kong Exchanges and Clearing Limited, HSBC and Deloitte Tax shared insights on how Hong Kong’s financial and professional services can accelerate Mainland firms’ global expansion.
          
         The seminar included a dedicated exchange session to provide on-site consulting services for corporate representatives interested in expanding to Hong Kong. The event attracted 190 representatives from Shaanxi enterprises, institutions and local media.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SJ commences European visit in Netherlands (with photos)

    Source: Hong Kong Government special administrative region – 4

         The Secretary for Justice, Mr Paul Lam, SC, began his European visit in Amsterdam, the Netherlands, on July 6 (Amsterdam time). He met with international organisations, judges from the International Court of Justice (ICJ), government officials and the local business community to promote Hong Kong’s legal system and services, and its development as an international legal and dispute resolution centre in the Asia-Pacific region.
     
         Upon his arrival, Mr Lam met with Hong Kong people and overseas Chinese organisation representatives living in the Netherlands and Luxembourg to learn about their work and life, and shared with them the latest developments of Hong Kong in various areas.
     
         After arriving at The Hague on July 7, Mr Lam visited the Hague Conference on Private International Law (HCCH) and met with the Secretary General of the HCCH, Dr Christophe Bernasconi. Mr Lam thanked the HCCH for its support for the secondment programme of legal professionals of the Department of Justice (DoJ) and exchanged views on further strengthening the co-operation between the DoJ and the HCCH, including hosting an international conference about the Hague Conventions during the DoJ’s flagship event – Hong Kong Legal Week in December this year.
     
         Mr Lam then met with the Secretary General of the Ministry of Justice and Security of the Netherlands, Ms Anneke Van Dijk, and officials to introduce the latest developments of Hong Kong and discuss issues such as the development and direction of international legal co-operation.
     
         Afterwards, Mr Lam had a lunch meeting with the Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Kingdom of the Netherlands, Mr Tan Jian. Mr Lam thanked the Central Government for supporting the Hong Kong Special Administrative Region to actively participate in meetings of international organisations as part of the Chinese delegation, providing opportunities for Hong Kong legal talent from the public and private sectors to take part in various projects of the HCCH. He said that the DoJ will continue to strengthen international legal talent training, as well as exchanges and co-operation with international organisations to contribute to the promotion of the country’s contribution to the development of international rule of law.
     
         In the afternoon, Mr Lam visited the ICJ of the United Nations and met with the President of the ICJ, Mr Yuji Iwasawa, to exchange views on the latest developments in international dispute resolution, including the establishment of the International Organization for Mediation with its headquarters in Hong Kong. They also shared views on the training of international legal experts and professionals. Mr Lam then visited the Permanent Court of Arbitration (PCA) and met with the Secretary-General of the PCA, Dr Marcin Czepelak, to discuss the co-operation between the DoJ and the PCA in the fields of capacity building and international law.
     
         In the evening, Mr Lam attended a business seminar and dinner organised by the Netherlands Hong Kong Business Association with the support of the Hong Kong Economic and Trade Office in Brussels and Invest Hong Kong. Speaking at the seminar, Mr Lam shared with about 100 participants Hong Kong’s distinctive advantage of enjoying the strong support of the motherland while being closely connected to the world under the “one country, two systems” principle. He stressed that Hong Kong’s legal system is credible and reputable, user-friendly, and closely tied with Mainland China and other parts of the world. These elements make Hong Kong’s legal system exceptional among other common law peers.
     
         Mr Lam will go to Paris for the second leg of his European visit today (July 8, Amsterdam time).

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: Highlights – EoVs with Danish Presidency, ECA’s special report and workshop on EU law monitoring – Committee on Legal Affairs

    Source: European Parliament

    Danish Presidency_AFET 15 July 2025.jpg © Media Gallery – Danish Presidency

    At the meeting of 15 July 2025, the JURI Committee will hold an exchange of views with the Minister of Justice Peter Hummelgaard and with the Minister of Industry, Business and Financial Affairs, Morten Bødskov, concerning the priorities of the Danish Presidency. JURI Members will also vote on the Chair’s mandate to table amendments to the general budget of the European Union for the financial year 2026. At the same meeting ECA will present its special report 28/2024 on enforcing EU law.

    The committee will also hold a workshop in cooperation with the Policy Department on the monitoring of the application of EU law, followed by an exchange of views with the rapporteur on the report of the same topic (Monitoring the application of European Union law in 2023 and 2024 – 2025/2016(INI)). JURI Members will also consider the draft reports on Copyright and generative artificial intelligence – opportunities and challenges (2025/2058(INI)) and on the 28th Regime: a new legal framework for innovative companies (2025/2079(INL)). Finally, the JURI committee will consider the amendments tabled to the dossier on the Amending Directives 2006/43/EC, 2013/34/EU, (EU) 2022/2464 and (EU) 2024/1760 as regards certain corporate sustainability reporting and due diligence requirements (2025/0045(COD)).

    MIL OSI Europe News –

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on tackling China’s critical raw materials export restrictions – B10-0329/2025

    Source: European Parliament

    B10‑0329/2025

    European Parliament resolution on tackling China’s critical raw materials export restrictions

    (2025/2800(RSP))

    The European Parliament,

    – having regard to its previous resolutions on EU-China relations,

    – having regard to Regulation (EU) 2024/1252 of the European Parliament and of the Council of 11 April 2024 establishing a framework for ensuring a secure and sustainable supply of critical raw materials and amending Regulations (EU) No 168/2013, (EU) 2018/858, (EU) 2018/1724 and (EU) 2019/1020[1] (Critical Raw Materials Act),

    – having regard to the rules of the World Trade Organization (WTO) and the principles of free, fair, and rules-based trade,

    – having regard to WTO dispute settlement rulings DS431, DS432 and DS433 on China’s rare earth export restrictions,

    – having regard to the G7 critical minerals action plan,

    – having regard to Rule 136(2) of its Rules of Procedure,

    A. whereas on 4 April 2025, China’s Ministry of Commerce imposed export restrictions on magnets and seven rare earth elements (REEs): samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium;

    B. whereas China’s new export licensing process for rare earth elements results in significant delays, has negative impacts on supply chains and threatens imminent stoppages for production in certain sectors; whereas it is also forcing industry to disclose sensitive information reaching beyond standard licensing processes;

    C. whereas China’s new export restrictions further undermine its reliability as a supplier for EU industry; whereas delays and difficulties in obtaining customs clearance arise even when licences are granted;

    D. whereas China’s decision to start issuing export licences for rare earth elements and magnets to some European companies represents only temporary relief and falls significantly short of a systemic solution;

    E. whereas these new export restrictions represent just the latest development in China’s increased use of unilateral controls on exports that are broader in scope than the multilateral export controls and do not have a clear security rationale;

    F. whereas China introduced export restrictions on gallium and germanium in August 2023, and further export restrictions on graphite in December 2023;

    G. whereas China has, in the past, already been found in breach of its WTO Accession Protocol commitments and Article XI(1) of the General Agreement on Tariffs and Trade for introducing unjustified export restrictions on REEs; whereas this demonstrates a clear pattern of action;

    H. whereas China’s use of export restrictions is a clear example of its exploitation of its dominance of the global critical raw materials market and economic blackmail, resulting in supply chain disruptions;

    I. whereas 100 % of the EU’s supply of heavy REEs comes from China; whereas the EU’s general dependency on critical raw materials from China remains a major threat to the EU’s economy and resilience and a cause for concern;

    J. whereas the EU faces the complex challenge of securing a sustainable supply of critical raw materials while adhering to its environmental and societal commitments;

    K. whereas the EU’s demand for critical raw materials is surging and is projected to rise further, due among other things to developments in the defence sector, as well as the digital and energy transitions;

    L. whereas the shift in energy policy has increased demand for previously underutilised resources, including REEs, as well as ‘conventional’ commodities such as copper, nickel, cobalt and lithium; whereas, additionally, the shift has heightened the need for metals and metalloids, including gallium, germanium, selenium, indium and tellurium, which are often only obtained as by-products during the extraction of primary commodities and have low recycling rates, further complicating their supply chain and availability;

    M. whereas apart from raw material extraction, China is also increasing its dominance of critical raw materials markets through refining and processing; whereas 94 % of the Australian production of lithium minerals and 99 % of the Congolese production of cobalt goes to China for refining; whereas China imports 67 % of the world’s supply of manganese ore, and exports 70 % of the world’s refined manganese;

    N. whereas China’s political objective is to secure access to raw materials in other countries and strengthen its dominance in global markets; whereas China has been accused of demanding exclusive access to resources as a condition for investment through its Belt and Road Initiative, which invests heavily in resource-rich countries; whereas such conditions reinforce monopsony power and accentuate concentration, thus making critical raw materials markets less resilient;

    1. Expresses serious concern about the People’s Republic of China’s unjustified use of unilateral export controls on critical raw materials, including its latest measures targeting seven rare earth materials and magnets; deplores China’s weaponisation of critical raw materials and its use of market dominance for geopolitical leverage;

    2. Calls on the People’s Republic of China (PRC) to immediately remove these rare earths and related products from its control list, thereby restoring a stable, predictable and sufficient supply;

    3. Condemns the PRC’s coercive economic and trade practices and calls for swift, coordinated and proportionate responses to its systematic use of trade dependencies as a tool of influence; emphasises that such practices extend beyond critical raw materials, affecting a wide range of strategic sectors;

    4. Notes with concern that for a large number of raw materials, the supply risk for Europe has gone up significantly[2]; believes that an increasing supply risk over time is symptomatic of Europe’s growing reliance on raw materials from a limited number of suppliers located in countries with governance and/or trade risks, its lack of progress in research and development targeting substitute materials, and the inability of current recycling practices to meet growing demand;

    5. Recognises the need to diversify supply chains for raw materials as a critical measure to enhance economic resilience, reduce strategic dependencies and ensure stable access to essential inputs in the face of geopolitical and market disruptions; calls strongly for the EU and its Member States to closely cooperate with global allies and like-minded partners in order to counteract abusive and distortive practices in the critical minerals sector; welcomes, in that respect, the G7 critical minerals action plan, announced following the 50th G7 summit that took place in June 2025;

    6. Recalls that the EU’s Critical Raw Materials Act will establish a framework for ensuring a secure and sustainable supply of critical raw materials, for example by identifying critical and strategic raw materials, setting benchmarks for domestic production and promoting improved circularity; Calls, in this respect, for the provisions of the Act to be implemented in full;

    7. Emphasises the need to step up domestic extraction of raw materials in the EU; notes that mineral extraction within the EU operates under stricter regulation than in most other countries globally; stresses that this, coupled with shorter and more secure supply lines to EU customers, offers distinct advantages, including enhanced economic resilience and a reduced carbon footprint associated with raw material sourcing;

    8. Expresses concern about the negative public perception of extraction projects in Europe; stresses that this demonstrates a clear disconnect between EU policymakers and local populations, as well as other stakeholders, regarding the implementation of energy and climate policies, as the green transition and the move away from fossil fuels require increased production of many raw materials and the establishment of secure supply chains; regrets that a number of mining projects in Europe, for example for lithium, have been significantly delayed or entirely cancelled due to public opposition; notes that while all human activities, mining included, have some degree of impact on the environment, the European mining sector has made substantial progress in developing methods and implementing strategies to mitigate its environmental footprint, balancing the need for resource extraction with responsible stewardship of the natural environment;

    9. Notes that the complexity of the EU’s mineral raw materials legislation is additionally exacerbated by the requirements of EU nature protection regulations, such as the Nature Restoration Regulation[3], which also limit the availability of land for mining activities, as extractive projects will likely face stricter environmental assessments, and areas designated for restoration may be off-limits to mining projects;

    10. Draws attention to the fact that China not only produces the vast majority of critical raw materials, but also controls a significant portion of global processing capacity; notes, in this regard, that in order to resolve its supply problem, the EU, apart from gaining access to resources from a wider variety of countries and developing its own EU domestic resources, needs to (re-)establish processing capacity within Europe;

    11. Instructs its President to forward this resolution to the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the Council and the Commission.

    MIL OSI Europe News –

  • MIL-OSI Banking: Samsung IGNITE: A Legacy of Learning, Leadership, and Lifelong Impact

    Source: Samsung

    A look back at faces who took their first career steps with Samsung IGNITE
     
    Samsung India didn’t just launch a summer internship programme in 2017 with IGNITE — it laid the foundation for a leadership pipeline that would help shape its future.
     
    What began as an HR initiative to strengthen campus relationships and bring fresh perspectives to the business, has grown into a flagship talent engine that now spans 16 top B-schools in India.
     
    IGNITE alumnus, Ayushi Anand from IIM Kozhikode, said: “Samsung gave me the freedom to explore, question, and contribute. It wasn’t just a summer internship — it felt like joining a family.”
     
    IGNITE: Turning ambition into achievement

    A Culture that Prepares, not Just Recruits
    The journey begins much before summer. Planning for IGNITE starts as early as Q2, when Samsung’s Talent Acquisition team, Business HRs, Regional HRs, and business leaders come together to design the next cohort’s experience.
     
    “Over the years, we’ve seen it shape careers in the most fascinating way,” said Rishabh Nagpal, Head of People Team, Samsung India. “At Samsung, we believe that building future leaders starts with investing in them early, not just with opportunities, but with trust. IGNITE is not just a programme but a powerful platform that connects young talent to real-world challenges and our culture of innovation.”
     
    From selecting campuses based on performance and alumni strength to assigning live business projects with cross-functional complexity, every detail is planned meticulously to ensure interns get far more than a desk and a deadline.
     
    A journey that began with curiosity and grew into careers
     
    Beyond the Offer Letter: A Two-Month Transformation
    The IGNITE internship begins with a two-day induction where students are introduced to Samsung’s ways of working, its values, and its leadership. What follows is an 8-week deep dive into the business — with ownership, mentorship, and structured checkpoints at every step.
     
    Leadership connects are woven into the internship: a kickoff session, mid-internship check-in, project review preparations, and a final showcase. Throughout, interns work closely with cross-functional teams, learning how a company of Samsung’s scale moves fast, thinks forward, and never loses sight of the customer.
     
     
    As one IGNITE alumnus, Keshav Harlalka from IIFT, puts it: “For me, the biggest learning was that real innovation doesn’t start with tech, it starts with the consumer.”
     
    A Programme that Evolves with Its People
    Over the years, IGNITE has grown in more ways than one — expanding its reach, diversifying its projects, and tailoring its structure to Gen Z’s appetite for hands-on learning.
     
    “Gen Z isn’t content with research alone — they want to be out in the field, solving real problems,” said Manisha Gambhir, Director, Talent Acquisition, Samsung India. “So, we design projects that are immersive, challenging, and relevant — from retail strategy to product launches and digital transformation.”
     
    “GenZ isn’t content with research alone – they want to work closely with business leaders and the real changemakers.” said Manisha Gambhir, Director, Talent Acquisition, Samsung India. “So, we design projects that are immersive, challenging, and relevant — from retail strategy to product launches and business transformation.”
     
    This evolution includes new engagement channels like Samsung EDGE, a case study competition which builds year-round interactions with prospective talent through live projects, leadership sessions, and corporate readiness programmes.
     
    This evolution includes other engagement channels like Samsung EDGE, a case study competition which builds deeper and profound interactions with prospective talent through real world business problem solving, leadership sessions, and corporate mentoring.
     
    Building More than Careers
    For many students, IGNITE is their first taste of the corporate world. And it’s designed to be memorable. From relocation assistance to personal mentorship, every aspect is crafted to empower.
     
    Atharva Joshi from XLRI recalls a moment of trust: “When I pointed out a gap in my project, my manager didn’t dismiss it; he asked me to build a solution. That trust meant everything,” he said.
     
    These stories are not outliers. They are the essence of IGNITE, a programme that believes in people before positions and sees potential before performance.
     
    Behind the Scenes: Heart and Hustle
    What the world often doesn’t see is the enormous orchestration behind IGNITE. The undeterred support from Samsung’s leadership, the rigorous standardisation across regions, the continuous benchmarking of stipends and structures — all aimed at making IGNITE one of India’s most competitive and coveted internship platforms.
     
    As Samsung IGNITE moves into its next year, the vision is clear — deeper engagement, stronger mentorship, and an unshakable belief in building tomorrow’s leaders today.

    MIL OSI Global Banks –

  • MIL-OSI: Tower Semiconductor and pSemi Win the Prestigious Industry Paper Competition Award at IMS 2025

    Source: GlobeNewswire (MIL-OSI)

    Award-winning paper showcases breakthroughs in wideband RF switch performance, reinforcing Tower’s leadership in advanced RF front-end innovation

    MIGDAL HAEMEK, Israel — July 08, 2025 — Tower Semiconductor (NASDAQ/TASE: TSEM), a leading foundry of high-value analog semiconductor solutions, today announced receipt of the Industry Paper Competition Award at the 2025 IEEE International Microwave Symposium (IMS) for their co-authored paper with pSemi — “A Low-Loss, Wideband, 0–110 GHz SPDT Using PCM RF Switches with Integrated CMOS Drivers”. The paper was presented on June 19, 2025, during IMS’s session on Innovative RF Switches, Varactor and Modulator Technologies, and won the Best Paper Award in its category.  

    The award recognizes Tower’s PCM RF switch as a significant innovation and advancement in RF switch technology, capable of delivering a record-breaking combination of bandwidth (DC–110 GHz), insertion loss (<2 dB), power handling (30 dBm), and linearity (+15–20 dB improvement over RFSOI CMOS solutions) — results that have not been achieved by any other RF switch technology. Enabled by Tower’s proprietary BEOL integration and integrated digital control, this combination of ultra-low-loss wideband performance, power handling, and full CMOS integration simplifies implementation for end users and enables advanced circuits for 5G, future 6G, SatCom, beamforming, and millimeter-wave applications.

    “We’re honored to receive this recognition,” said Dr. Ed Preisler, Vice President and General Manager of the RF Business Unit. “This achievement reinforces our commitment to advancing RF front-end integration for the next wave of wireless devices and highlights the power of strategic partnerships like ours with pSemi.”

    “We are honored to be recognized by IMS alongside Tower Semiconductor,” said Rodd Novak, Vice President, Sales and Marketing, pSemi.  “This award reflects our team’s dedication to pushing the boundaries of wideband RF switch research and design.”

    For additional information about the Company’s RF platform offering, visit here.

    About Tower Semiconductor         

    Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, provides technology, development, and process platforms for its customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductor focuses on creating a positive and sustainable impact on the world through long-term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, integrated power management (BCD and 700V), photonics, and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as process transfer services including development, transfer, and optimization, to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor owns one operating facility in Israel (200mm), two in the U.S. (200mm), two in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo, shares a 300mm facility in Agrate, Italy with STMicroelectronics as well as has access to a 300mm capacity corridor in Intel’s New Mexico factory. For more information, please visit: www.towersemi.com.

    Safe Harbor Regarding Forward-Looking Statements
    This press release includes forward-looking statements, which are subject to risks and uncertainties. Actual results may vary from those projected or implied by such forward-looking statements. A complete discussion of risks and uncertainties that may affect the accuracy of forward-looking statements included in this press release or which may otherwise affect Tower’s business is included under the heading “Risk Factors” in Tower’s most recent filings on Forms 20-F, F-3, F-4 and 6-K, as were filed with the Securities and Exchange Commission (the “SEC”) and the Israel Securities Authority. Tower does not intend to update, and expressly disclaim any obligation to update, the information contained in this release. 
            

                                            ###
    Tower Semiconductor Company Contact: Orit Shahar | +972-74-7377440 | oritsha@towersemi.com
    Tower Semiconductor Investor Relations Contact: Liat Avraham | +972-4-6506154 | liatavra@towersemi.com

    Attachment

    The MIL Network –

  • MIL-OSI: Prosafe SE: Share capital decrease completed

    Source: GlobeNewswire (MIL-OSI)

    8 July 2025 – Reference is made to the stock exchange announcement made by Prosafe SE (the “Company“) on 16 May 2025 regarding the extraordinary general meeting’s resolution to decrease the share capital of the Company by EUR 22,157,127.24, from EUR 22,335,813.75 to EUR 178,686.51, through a decrease of the nominal value of each share in the Company by EUR 1.24, from EUR 1.25 to EUR 0.01.

    The resolution was published by the Norwegian Register of Business Enterprises on 22 May 2025 and followed by a six-week creditor notice period, which was completed without creditor objections.

    The share capital decrease has today been registered as completed by the Norwegian Register of Business Enterprises. Following the share capital decrease, the share capital of the Company is EUR 178,686.51, divided into 17,868,651 shares, each with a nominal value of EUR 0.01.

    For further information, please contact:

    Terje Askvig, CEO

    Phone: +47 952 03 886

    Reese McNeel, CFO

    Phone: +47 415 08 186

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the requirements of Oslo Børs’ Continuing Obligations.

    The MIL Network –

  • MIL-OSI Africa: China to train public servants on city governance

    Source: Government of South Africa

    Tuesday, July 8, 2025

    The National School of Government (NSG) has organised a learning exchange visit to China on city governance for public officials.

    Hosted by the Beijing Jiaotong University and supported by the Chinese Ministry of Commerce, the programme seeks to promote knowledge exchanges on enhancing local government performance as municipalities face growing complexity and public expectations that they must respond to. 

    “The programme explores the Chinese advancement in local government innovation in service delivery, modernisation of governance, construction of smart cities, participatory governance, poverty alleviation and development,” the NSG said in a statement. 

    “Local government is an important sphere of government for implementation of national policy and China’s successes in the performance of this sphere of government has contributed to the abolition of absolute poverty in 2020, ten years before the 2030 deadline which the world set in the United Nations Agenda 2030 for Sustainable Development. 

    “This is the same deadline that South Africa has set in the National Development Plan to eliminate poverty and inequality by the year 2030,” the NSG said.

    The South African government, in the 7th Administration, has committed itself to drive inclusive growth and job creation, to reduce poverty and tackle the high cost of living with a developmental and capable state playing a central role. 

    “Municipalities therefore have a critical role in the achievement of this commitment. The exchange programme on city governance is part of the NSG’s international exchanges that are aimed at facilitating public servants’ access to specialist knowledge and skills needed to enhance public sector performance and development among others and learning from the development trajectory of other countries in the global South and North,” said NSG Principal, Professor Busani Ngcaweni. 

    Ngcaweni added that partnerships were a key focus for the NSG “as they enable us to expand the depth of training delivery, diversity and allow access to expertise that we do not have.” 

    The programme will run from 7 to 27 July. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: Enhancement Arrangements for Offshore RMB Bond Repurchase Business announced by HKMA

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA) announced today (July 8) enhancements to the offshore RMB bond repurchase (repo) business (Note 1), to facilitate the participation of Northbound Bond Connect investors in repo business. In particular, the enhancements include:

    1. Supporting the rehypothecation of bond collaterals during the repo period (Note 2):

    The offshore RMB repo business has been well received by the market since its official launch on February 10, 2025. In this initial phase, the bond collaterals acquired by participating institutions are locked and managed by the Central Moneymarkets Unit (CMU) platform and cannot be re-used during the repo period. In consultation with relevant Mainland authorities and taking into account industry feedback, we will allow rehypothecation of bond collateral during the repo period, bringing this into alignment with international market practice. The enhancement will facilitate more efficient use of collaterals, reduce the financing costs for market participants, and enhance the efficiency of liquidity management.

    In particular, bond collaterals can be re-used during the repo period in four specific use cases: a) for re-use in offshore repo transactions; b) as collateral for the HKMA’s RMB Liquidity Facility; c) as margin collateral at OTC Clearing Hong Kong Limited (OTCC); and d) for cash bond trading through Northbound Bond Connect. Participating institutions shall follow relevant policies and operational rules for the respective use cases when re-using the collateral (for instance, if the collateral is re-used in a new offshore repo transaction during the repo period, the participating institution should follow the latest arrangements of offshore RMB repo business as set out further below).

    2. Supporting cross-currency repo (including HKD, USD and EUR):

    At present, offshore RMB repo can only be settled in RMB. With the enhancement, settlement in other currencies (including HKD, USD and EUR) will be supported, with a view to facilitating participating institutions’ multi-currency funding activities by collateralising onshore RMB bond holdings, enriching their liquidity management tools, and hence increasing the attractiveness of onshore bonds.

    These two enhancement measures aim to adopt international market best practices and enhance operational efficiency. They will further expand the depth and breadth of the offshore repo market, improve the market-based mechanism for offshore RMB liquidity management, and broaden the use of onshore RMB bonds as collateral in the offshore market.

    The above arrangements will be officially launched on August 25, 2025.

    Latest Arrangements of Offshore RMB Repo Business

    To facilitate the smooth implementation of the enhancement measures, the latest arrangements for offshore RMB repo transactions (including repo transactions conducted using bond collateral acquired through a repo transaction) are set out as follows:

    1. Participating Institutions:

    All existing Northbound Bond Connect investors, including CMU members and offshore investors with CMU sub-accounts opened through Hong Kong custodian banks that are CMU members.

    2. Eligible Bonds:

    Bonds held by participating institutions under Northbound Bond Connect, and bond collaterals acquired through offshore repo transactions, regardless of bond type.

    3. Market Maker Arrangement:

    The 11 Primary Liquidity Providers designated by the HKMA (Note 3) will serve as market makers. Each repo transaction must involve at least one of these market makers as a counterparty.

    4. Transaction and Settlement Arrangements:

    (a) Master Agreement: Participants may choose their own repo agreement template (e.g., Global Master Repurchase Agreement (GMRA) or National Association of Financial Market Institutional Investors (NAFMII)’s Bond Repurchase Master Agreement, etc.).

    (b) Trading Arrangement: Transactions may be conducted:
     

    1. bilaterally over-the-counter;
    2. in the same manner as existing Northbound Bond Connect transactions, and via the linkage between the infrastructures in the onshore and offshore markets;
    3. through offshore electronic trading platforms; or
    4. through onshore electronic trading platform.

    (c) Settlement Arrangement: Settlement will be completed under the Repo Service by CMU. Settlement currencies include RMB, HKD, USD and EUR.

    5. Data Reporting:

    Market makers are required to report repo transaction data (Note 4) to the HKMA on the same day of the transaction for market monitoring purpose. The HKMA will further communicate with the market makers to finalise the reporting requirements and submission channels.

    The operational details for bond transfer and settlement will be announced by CMU separately. The HKMA will continue to closely monitor market conditions to ensure orderly market operations. The HKMA will also maintain communication with the industry and review and adjust the arrangements as appropriate to support the robust and sustainable development of offshore RMB business.

    Note 1: The HKMA announced the launch of offshore RMB bond repo business on January 13, 2025 (please refer to the HKMA press release). This measure was implemented on February 10, 2025.

    Note 2: Operational details will be announced by CMU later. Currently, the rehypothecation of bond collateral is only applicable to repo transactions settled in the Delivery versus Payment model. The timeline for CMU’s tri-party repo service to support the rehypothecation of bond collateral will be notified separately in due course.

    Note 3: Including 1) Agricultural Bank of China Limited, 2) Bank of China (Hong Kong) Limited, 3) Bank of Communications Co., Ltd., 4) BNP Paribas, 5) China CITIC Bank International Limited, 6) China Construction Bank (Asia) Corporation Limited, 7) Citibank, N.A., 8) Hang Seng Bank Limited, 9) The Hongkong and Shanghai Banking Corporation Limited, 10) Industrial and Commercial Bank of China (Asia) Limited and 11) Standard Chartered Bank (Hong Kong) Limited.

    Note 4: The specific information to be reported includes: names of the trading institutions (including both the repo party and the reverse repo party), total amount of funds borrowed by the repo party, bond name, bond code, repo term, total face value, repo rate, transaction/first settlement date, settlement amount, trading platform/means, default-related information etc.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Aurora Mobile Partners with HashNut to Advance Stablecoin Adoption for Web3 Payments and Broader Use Cases

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, July 08, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced a strategic partnership with HashNut, a leading crypto payment solution provider. This collaboration will drive the adoption of stablecoins for Web3 payments and digital applications, advancing the global circulation and commercialization of digital assets.

    Aurora Mobile has already begun integrating HashNut’s Web3 payment system into several products targeting Southeast Asia and global markets. This move will enable annual stablecoin settlement volumes – including USDT and USDC – to reach several million US dollars. Leveraging HashNut’s technological expertise in on-chain fund management and smart contract payments, Aurora Mobile will significantly improve digital payment experiences in overseas markets, optimizing capital turnover efficiency.

    Going forward, the partnership will extend beyond Aurora Mobile’s current ecosystem with both companies planning to co-develop stablecoin payment solutions designed to provide compliant, secure, and efficient digital payment and clearing infrastructure for overseas clients and Chinese companies expanding globally. These solutions will be applied to cross-border advertising, digital content distribution, in-app economies, and SaaS subscriptions, helping advance the large-scale adoption of digital assets in emerging markets.

    Both companies will use Hong Kong as a strategic hub and its forward looking global digital finance and stablecoin regulatory frameworks to collaborate with licensed stablecoin projects and local financial clearing networks. Together, they will develop a more transparent, secure, and compliant system for fund flows, reinforcing Hong Kong’s position as a global financial center and innovation hub for digital assets.

    Mr. Weidong Luo, Founder, Chairman and CEO of Aurora Mobile, commented, “HashNut’s technical capabilities in transparent on-chain payments and smart contract custody empower us to deliver a highly competitive digital payment experience to global customers. We will work closely going forward to develop open and accessible stablecoin solutions, enabling more Chinese businesses to expand globally and helping overseas clients thrive in the digital economy.”

    HashNut’s CEO and Founder, Mr. Edward Du, stated, “Aurora Mobile’s robust presence in the global developer ecosystem, big data, and enterprise service markets uniquely positions it to advance stablecoin payment adoption. This strategic partnership will enhance Aurora Mobile’s products and provide next-generation stablecoin infrastructure for clients globally.”

    Aurora Mobile and HashNut are committed to expanding their partnership across more regions and markets. Together, they will drive the compliance and standardization of stablecoins and decentralized payments in Web3 applications, creating greater value for companies and users globally.

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    For more information, please contact:

    Aurora Mobile Limited
    E-mail: ir@jiguang.cn

    Christensen

    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    E-mail: Xiaoyan.Su@christensencomms.com

    In US
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    The MIL Network –

  • MIL-OSI: Aurora Mobile Partners with HashNut to Advance Stablecoin Adoption for Web3 Payments and Broader Use Cases

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, July 08, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced a strategic partnership with HashNut, a leading crypto payment solution provider. This collaboration will drive the adoption of stablecoins for Web3 payments and digital applications, advancing the global circulation and commercialization of digital assets.

    Aurora Mobile has already begun integrating HashNut’s Web3 payment system into several products targeting Southeast Asia and global markets. This move will enable annual stablecoin settlement volumes – including USDT and USDC – to reach several million US dollars. Leveraging HashNut’s technological expertise in on-chain fund management and smart contract payments, Aurora Mobile will significantly improve digital payment experiences in overseas markets, optimizing capital turnover efficiency.

    Going forward, the partnership will extend beyond Aurora Mobile’s current ecosystem with both companies planning to co-develop stablecoin payment solutions designed to provide compliant, secure, and efficient digital payment and clearing infrastructure for overseas clients and Chinese companies expanding globally. These solutions will be applied to cross-border advertising, digital content distribution, in-app economies, and SaaS subscriptions, helping advance the large-scale adoption of digital assets in emerging markets.

    Both companies will use Hong Kong as a strategic hub and its forward looking global digital finance and stablecoin regulatory frameworks to collaborate with licensed stablecoin projects and local financial clearing networks. Together, they will develop a more transparent, secure, and compliant system for fund flows, reinforcing Hong Kong’s position as a global financial center and innovation hub for digital assets.

    Mr. Weidong Luo, Founder, Chairman and CEO of Aurora Mobile, commented, “HashNut’s technical capabilities in transparent on-chain payments and smart contract custody empower us to deliver a highly competitive digital payment experience to global customers. We will work closely going forward to develop open and accessible stablecoin solutions, enabling more Chinese businesses to expand globally and helping overseas clients thrive in the digital economy.”

    HashNut’s CEO and Founder, Mr. Edward Du, stated, “Aurora Mobile’s robust presence in the global developer ecosystem, big data, and enterprise service markets uniquely positions it to advance stablecoin payment adoption. This strategic partnership will enhance Aurora Mobile’s products and provide next-generation stablecoin infrastructure for clients globally.”

    Aurora Mobile and HashNut are committed to expanding their partnership across more regions and markets. Together, they will drive the compliance and standardization of stablecoins and decentralized payments in Web3 applications, creating greater value for companies and users globally.

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    For more information, please contact:

    Aurora Mobile Limited
    E-mail: ir@jiguang.cn

    Christensen

    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    E-mail: Xiaoyan.Su@christensencomms.com

    In US
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    The MIL Network –

  • ‘No palm oil’ label is misleading marketing tactic, says IFBA

    Source: Government of India

    Source: Government of India (4)

    The Indian Food and Beverage Association (IFBA) has termed the growing trend of “No Palm Oil” labels on consumer products as misleading and described it as a marketing gimmick rather than a scientifically backed health claim.

    In a statement issued on Tuesday, the association expressed concern that selective branding tactics were creating confusion among consumers, despite palm oil being widely used and consumed in India since the 19th century.

    “Palm oil has a recognised role in a healthy and balanced diet. Despite this, labels such as ‘No Palm Oil’ mislead consumers by prioritising marketing over science,” said Deepak Jolly, Chairperson of the IFBA, citing the Ministry of Health’s dietary guidelines.

    The association pointed out that palm oil is among the most affordable and versatile edible oils, used extensively by leading global brands due to its long shelf life and nutritional stability.

    It also cautioned that the rise of such labelling practices is encouraging consumers to make food choices based on social media trends rather than verified scientific evidence. “These narratives distract from the importance of overall nutritional balance and can undermine India’s efforts towards self-reliance, ultimately harming farmers, producers, consumers and the national economy,” Jolly said.

    India consumes about 26 million tonnes of edible oil every year, of which nearly 9 million tonnes is palm oil.

    Shilpa Agrawal, Director of Scientific and Regulatory Affairs at IFBA, noted that the Dietary Guidelines for Indians–2024, released by the ICMR–National Institute of Nutrition, recognise the role of tocotrienols found in palm oil in lowering cholesterol and supporting heart health. The guidelines recommend a rotation of edible oils, including palm oil, to maintain a balanced fatty acid profile, she added.

    The association also lauded the government’s National Mission on Edible Oils–Oil Palm (NMEO-OP), launched in 2021 with an outlay of ₹11,040 crore, which aims to expand oil palm cultivation and reduce India’s dependence on edible oil imports.

    “Consumers should be cautious of influencers who exaggerate claims without understanding nutrition science. Marketing tactics such as ‘Palm Oil Free’ labels are no substitute for balanced dietary advice,” the IFBA said.

    -IANS

  • MIL-OSI Africa: Canon Academy Collaborates with Kwetu Film Institute in Rwanda to Expand its Educational Footprint in Africa with First-Ever Creative Workshops

    Source: APO – Report:

    • Canon Academy offers a comprehensive educational program featuring hands-on workshops covering a wide range of photography topics. To date, we have successfully trained 103 students through this initiative. 
    • The programme offers a comprehensive curriculum blending theory and practice, where expert trainers instill confidence and passion while covering essential topics like exposure triangle, composition, lighting, focus, and more. 

    Canon Central and North Africa (CCNA) (https://en.Canon-CNA.com), a leader in imaging technology, has officially launched the Canon Academy in Rwanda in collaboration with Kwetu Film Institute, marking the company’s first educational programme in the country. This strategic milestone reinforces Canon’s long-standing commitment to investing in Africa’s creative talent through education, empowerment, and the promotion of inclusive opportunities for emerging image-makers.

    Canon Academy is a key component of the company’s broader efforts to advance the creative sector across the continent. Aligned with Canon’s Kyosei philosophy, “Living and Working Together for the Common Good,” the programme aims to equip aspiring and professional photographers in Rwanda with high-quality training, and relevant industry knowledge.

    Rashad Ghani, B2C Business Unit Director, said, “The launch of the Canon Academy in Rwanda is a proud moment for us. This initiative reflects Canon’s belief in the power of education and the role of creativity role in building resilient communities. By investing in Rwanda’s young talent, we are building a bridge between imagination and opportunity, staying true to our Kyosei philosophy and our broader mission to uplift Africa’s creative economy.”

    Canon Academy is dedicated to Canon users, offering hands-on experiences across a wide array of topics. Workshops are led by certified Canon trainers, ensuring that participants benefit from the expertise of seasoned professionals. The programme caters to different skill levels, from beginners to professionals, allowing each participant to grow at their own pace. 

    A WEEK OF LEARNING AND CREATIVITY

    The inaugural Canon Academy programme, held last week in Kigali, brought together a diverse group of Rwandan participants ranging from students and beginners to semi-professionals and established photographers. Over the course of the week, participants took part in hands-on workshops, mentorship sessions, and practical exercises led by Canon-certified trainer Fred Ochieng.

    Key focus areas included lighting, composition, visual storytelling, and portfolio development. These were tailored to equip participants with the technical and creative skills essential for success in Rwanda’s evolving visual storytelling landscape. In addition to skill-building, the programme offered a platform for participants to showcase their work and build meaningful connections within the creative community.

    About Kwetu Film Institute

    Based in Kigali, Kwetu Film Institute is one of East Africa’s premier creative hubs, committed to developing the next generation of storytellers through film and media. Founded by celebrated filmmaker Eric Kabera, the institute serves as a training ground and incubator for aspiring filmmakers, offering a blend of theoretical education and practical production experience. Kwetu is renowned for nurturing homegrown talent and using storytelling as a powerful tool for cultural preservation, dialogue, and social change.

    Eric Kabera, Founder of Kwetu Film Institute, commented: “Our collaboration with Canon is a natural extension of our mission to empower creatives through access to quality education and global partnerships. Together, we are planting seeds that will grow Rwanda’s next generation of image-makers and storytellers, enabling them to compete and thrive on the global stage.”

    With the establishment of this programme, Canon is further solidifying its commitment to inclusive development through localised engagement and hands-on skills training. The initiative is designed to build skills and strengthen the wider creative infrastructure within the region. By empowering young people with practical tools, industry insights, and educational opportunities, Canon is helping to transform creative potential into viable professions, ultimately contributing to the growth and diversification of the country’s creative economy.

    Canon continues to prioritise the growth of Africa’s next generation of storytellers by developing platforms that harness the power of technology, education, and collaboration. The establishment of the Canon Academy in Rwanda reflects this ongoing commitment, one that extends beyond imaging innovation to champion people, purpose, and advancement across the continent.

    – on behalf of Canon Central and North Africa (CCNA).

    Media enquiries, please contact:
    Canon Central and North Africa
    Mai Youssef
    e. Mai.youssef@canon-me.com

    APO Group – PR Agency
    Rania ElRafie
    e. Rania.ElRafie@apo-opa.com

    About Canon Central and North Africa:
    Canon Central and North Africa (CCNA) (https://en.Canon-CNA.com) is a division within Canon Middle East FZ LLC (CME), a subsidiary of Canon Europe. The formation of CCNA in 2016 was a strategic step that aimed to enhance Canon’s business within the Africa region – by strengthening Canon’s in-country presence and focus. CCNA also demonstrates Canon’s commitment to operating closer to its customers and meeting their demands in the rapidly evolving African market.

    Canon has been represented in the African continent for more than 15 years through distributors and partners that have successfully built a solid customer base in the region. CCNA ensures the provision of high quality, technologically advanced products that meet the requirements of Africa’s rapidly evolving marketplace. With over 100 employees, CCNA manages sales and marketing activities across 44 countries in Africa.

    Canon’s corporate philosophy is Kyosei (https://apo-opa.co/4nD9Kzg) – ‘living and working together for the common good’. CCNA pursues sustainable business growth, focusing on reducing its own environmental impact and supporting customers to reduce theirs using Canon’s products, solutions and services. At Canon, we are pioneers, constantly redefining the world of imaging for the greater good. Through our technology and our spirit of innovation, we push the bounds of what is possible – helping us to see our world in ways we never have before. We help bring creativity to life, one image at a time. Because when we can see our world, we can transform it for the better.

    For more information: (https://en.Canon-CNA.com)

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI Economics: ICC recommendations for inclusive AI that delivers for business and society

    Source: International Chamber of Commerce

    Headline: ICC recommendations for inclusive AI that delivers for business and society

    Inclusive AI is not just a matter of fairness – it is essential for unlocking the full potential of AI for business and society alike. Without broad access to digital infrastructure, data, skills and ethical frameworks, entire markets risk being left behind, limiting innovation and economic growth, and deepening the existing digital divide.

    This not only holds back communities in the Global South but also narrows the opportunities for businesses to scale solutions, enter new markets and build globally relevant AI systems.

    Why does inclusive AI matter?

    Inclusive AI ensures that artificial intelligence systems actively empower and benefit people, regardless of geography or language. It opens new possibilities to accelerate sustainable development, supports transformative outcomes across critical sectors including healthcare and education, and drives innovation and economic growth across economies. By prioritising inclusion, we can ensure the benefits of AI are shared widely and help close existing global gaps.

    What’s holding back inclusive AI?

    Barriers such as limited digital infrastructure, lack of access to quality data and compute and significant skills gaps – especially in the Global South – are slowing inclusive AI progress. Many AI models are also not designed with diverse languages or local contexts in mind. These challenges persist despite widespread connectivity coverage. Fragmented regulatory environments, limited investment in local innovation and language barriers further widen the AI divide.

    Without targeted support, these gaps will continue to exclude large parts of the world from AI-driven development.

    ICC recommendations: what can business and governments do to achieve inclusive AI?

    1. Invest in foundational infrastructure such as clean energy, broadband connectivity, and sustainable data centres.
    2. Expand access to high-quality, interoperable public data.
    3. Ensure inclusive digital education and workforce training across all levels.
    4. Promote homegrown innovation, including linguistic inclusion and support for local AI ecosystems.
    5. Adopt national strategies that align with international ethical frameworks.
    6. Update regulatory systems, particularly around data governance, privacy, and cybersecurity.
    7. Integrate AI standards into public procurement.

    More insights

    Digital economy

    Overarching narrative on artificial intelligence 

    MIL OSI Economics –

  • MIL-OSI Economics: ICC recommendations for inclusive AI that delivers for business and society

    Source: International Chamber of Commerce

    Headline: ICC recommendations for inclusive AI that delivers for business and society

    Inclusive AI is not just a matter of fairness – it is essential for unlocking the full potential of AI for business and society alike. Without broad access to digital infrastructure, data, skills and ethical frameworks, entire markets risk being left behind, limiting innovation and economic growth, and deepening the existing digital divide.

    This not only holds back communities in the Global South but also narrows the opportunities for businesses to scale solutions, enter new markets and build globally relevant AI systems.

    Why does inclusive AI matter?

    Inclusive AI ensures that artificial intelligence systems actively empower and benefit people, regardless of geography or language. It opens new possibilities to accelerate sustainable development, supports transformative outcomes across critical sectors including healthcare and education, and drives innovation and economic growth across economies. By prioritising inclusion, we can ensure the benefits of AI are shared widely and help close existing global gaps.

    What’s holding back inclusive AI?

    Barriers such as limited digital infrastructure, lack of access to quality data and compute and significant skills gaps – especially in the Global South – are slowing inclusive AI progress. Many AI models are also not designed with diverse languages or local contexts in mind. These challenges persist despite widespread connectivity coverage. Fragmented regulatory environments, limited investment in local innovation and language barriers further widen the AI divide.

    Without targeted support, these gaps will continue to exclude large parts of the world from AI-driven development.

    ICC recommendations: what can business and governments do to achieve inclusive AI?

    1. Invest in foundational infrastructure such as clean energy, broadband connectivity, and sustainable data centres.
    2. Expand access to high-quality, interoperable public data.
    3. Ensure inclusive digital education and workforce training across all levels.
    4. Promote homegrown innovation, including linguistic inclusion and support for local AI ecosystems.
    5. Adopt national strategies that align with international ethical frameworks.
    6. Update regulatory systems, particularly around data governance, privacy, and cybersecurity.
    7. Integrate AI standards into public procurement.

    More insights

    Digital economy

    Overarching narrative on artificial intelligence 

    MIL OSI Economics –

  • MIL-OSI Video: UK UK Economic security – Business and Trade Sub-Committee on Economic Security, Arms & Export Controls

    Source: United Kingdom UK Parliament (video statements)

    The Business and Trade sub-Committee questions Marks and Spencer Chairman Archie Norman on the devastating cyber-attack that has disrupted the iconic British retailer’s operations for months.

    After acknowledging the attack in April, the company was forced to suspend all online sales for weeks and its website operations are not expected to be fully restored for another month or so. It is believed some customer data was also breached. Marks and Spencer has estimated the attack will hit this year’s profits by £300 million.

    At around the same time in April, the Co-op Group disclosed “unauthorised access attempts” that disrupted customer and back-office services.

    What happened in these two cases and what does it tell us about UK’s approach, across the public and private sectors, to countering a commercial and economic risk that may be growing to the point where it becomes “uninsurable”?

    https://www.youtube.com/watch?v=KEKD0HSNAm0

    MIL OSI Video –

  • PM Modi set for first Namibia visit by Indian PM in nearly three decades

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will embark on a landmark visit to Namibia on July 9, marking the final leg of his five-nation tour and the first visit by an Indian Prime Minister to the African nation in nearly three decades.

    The visit is expected to further deepen ties between India and Namibia. The two countries share a historic relationship rooted in India’s steadfast support for Namibia’s independence struggle. India was among the earliest advocates for Namibian freedom, raising the issue at the United Nations as early as 1946 and hosting the first overseas office of the South West Africa People’s Organisation (SWAPO) in 1986.

    During his stay in the capital, Windhoek, PM Modi will hold bilateral talks with President Netumbo Nandi-Ndaitwah and address a joint sitting of Namibia’s Parliament. A key highlight of the visit will be the signing of a technology agreement enabling unified payment interoperability between the two countries, aimed at enhancing cooperation in the fintech and digital sectors, according to a statement from the Ministry of External Affairs.

    Namibia’s rich reserves of uranium, copper, cobalt, rare earth minerals and its recent oil discoveries are drawing renewed global attention. The country is the world’s fourth-largest producer of uranium oxide, which fuels the nuclear industry, and also produces zinc and gem-quality diamonds. With growing global demand for clean energy and battery storage, Namibia’s potential to develop new mining projects for cobalt, lithium, and rare earth elements has gained fresh relevance.

    Bilateral trade between the two nations stood at around $814 million in 2023–24, with Indian exports accounting for over half that figure. Indian investments in Namibia are estimated at nearly $800 million, largely in the mining sector, including zinc and diamonds.

    A notable symbol of the trust between the two nations remains the translocation of eight cheetahs from Namibia to India’s Kuno National Park in 2022 — the world’s first intercontinental transfer of a major carnivore species.

    Bilateral relations have continued to strengthen over the years through high-level exchanges, development cooperation and people-to-people contacts. Then President of India, Pranab Mukherjee, paid a State Visit to Namibia in 2016, while Namibia’s President Hage Geingob attended the India–Africa Forum Summit in New Delhi in 2015. PM Modi and President Geingob last met on the sidelines of the UN General Assembly in 2019.

    In June last year, External Affairs Minister S. Jaishankar visited Namibia, calling on President Geingob and co-chairing the first Joint Commission Meeting. He also inaugurated the India–Namibia Centre for Excellence in Information Technology in Windhoek.

    India continues to extend development assistance and capacity-building support to Namibia through scholarships, defence training programmes and technical cooperation. Indian experts are deputed to Namibian institutions, and an Indian Air Force Technical Team has been training Namibian helicopter pilots since 1996.

    The countries are exploring opportunities to expand cooperation in mining, energy, health, agriculture and infrastructure. Negotiations for a Preferential Trade Arrangement between India and the Southern African Customs Union (SACU), with Namibia as coordinator, are ongoing.

    Cultural ties have also grown steadily, with regular cultural events, yoga sessions and artistic exchanges. Approximately 450 Indians, NRIs and PIOs reside in Namibia today, contributing to business and community initiatives through bodies such as the India–Namibia Chamber of Commerce and Industry and the India Namibia Friendship Association.

  • MIL-OSI Banking: Damex (IOM) Limited

    Source: Isle of Man

    Notice is hereby given that Damex (IOM) Limited, which was registered under the Designated Businesses (Registration & Oversight) Act 2015, has been de-registered in accordance with 12(1)(a) of this Act with effect from 08/07/2025.

    MIL OSI Global Banks –

  • MIL-OSI: Epiq Bolsters its Leadership of Class Action Administration in the UK and Europe with the Acquisition of Case Pilots

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) — Epiq announced today that it has acquired Case Pilots, one of the UK’s leading claims administration companies.

    Epiq is the world’s leading class actions and claims administrator and the largest in North America. The firm’s stellar reputation is evidenced through the successful management and distribution of some of the largest settlements in history. With over 30 years’ experience, clients rely on the deep bench of Epiq experts for guidance in driving cases forward and helping to deliver positive outcomes in the highest-profile and most-complex collective actions in the world.

    Epiq has been supporting Class Representatives and law firms bringing collective actions in the UK since the Consumer Rights Act was passed in 2015. In addition to building on the expertise and technology solutions delivered to clients, this acquisition expands Epiq’s offering in the market to include the administration of group litigation, reinforcing its position as a global leader in the space.

    Case Pilots employees have joined Epiq, including Co-founder and CEO Clare Ducksbury, who will now serve as Senior Vice President, Epiq Class Action Solutions Europe, and Co-founder and Chief Information Officer Clinton Smith, who will join Epiq’s product development team in a leadership role. The Case Pilots team has a solid track record of providing strategic consulting advice to law firms tackling the challenges posed by collective actions in the UK and Continental Europe.

    Nicole Hamann, President of the Class Action, Remediation, and Mass Tort business at Epiq, said, “The acquisition of Case Pilots marks a significant milestone and reinforces and expands the ability of Epiq to deliver claims management services to clients across the globe by strengthening our foothold in the UK and Europe. The excellent reputations of Clare, Clinton, and the Case Pilots team in the UK market is well-earned and we look forward to what we will accomplish together for our clients.”

    Commenting on the acquisition, Clare Ducksbury said, “We are delighted to be joining forces with Epiq, who is the global leader in this space, and we look forward to expanding the breadth of technology solutions and expertise that we can offer to our much-valued clients. Our team has a strong track record of supporting group and collective actions in the UK and Europe, and we are all very excited about what’s ahead.”

    Epiq Class Action and Claims Solutions operates globally including in the US, UK, Canada, Australia and Europe. Epiq has been ranked first among claims administrators by Institutional Shareholder Services Securities Class Action Services for the last seven years, having administered most of the largest US class actions settlements exceeding a total of $35 billion in value. Leveraging advanced technology and rigorous data security protocols, Epiq works with the Courts, settling parties and class members to efficiently and securely manage and distribute class action and mass tort settlements.

    About Epiq
    Epiq, a technology and services leader, takes on large-scale and complex tasks for corporate legal departments, law firms, and business professionals by integrating people, process, technology, and data. Clients rely on Epiq to streamline legal and compliance, settlement, and business administration workflows to drive efficiency, minimize risk, and improve cost savings. With a presence in 19 countries, our values define who we are and how we partner with clients and communities. Learn how Epiq and its 6,100 people worldwide create meaningful change at www.epiqglobal.com.

    Press Contact
    Carrie Trent
    Epiq, Senior Director of Communications and Public Relations
    Carrie.Trent@epiqglobal.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9540abc1-aa7c-4424-ad45-209f74f2fefc

    The MIL Network –

  • MIL-OSI Africa: Parliamentary Leaders Hail Sierra Leone’s President Julius Maada Bio’s Economic Community of West African States (ECOWAS) Chairmanship in Historic Show of Unity

    Source: APO


    .

    The parliamentary leadership of Sierra Leone’s two main political parties, the ruling Sierra Leone People’s Party (SLPP) and the opposition All People’s Congress (APC), paid a joint courtesy call on His Excellency President Dr Julius Maada Bio at State House to formally congratulate him on his recent election as Chairman of the ECOWAS Authority of Heads of State and Government.

    The visitors were introduced by Chief Minister Dr David Moinina Sengeh, who explained that the Members of Parliament had come to express their appreciation for the President’s efforts in elevating Sierra Leone’s image on the international stage through his new leadership role in the sub-regional body.

    Hon. Matthew Sahr Nyuma, Majority Leader and Leader of Government Business in Parliament, thanked President Bio for granting the audience. He disclosed that the joint visit followed internal consultations between SLPP and APC parliamentary leadership, who unanimously agreed to formally congratulate the President on his election.

    Hon. Nyuma underscored the collaborative relationship between the Executive and the Legislature and appealed for more regular engagements with the President, not only on constitutional grounds, but also in recognition of the strong working relationship that currently exists between Parliament and the Executive.

    Speaking on behalf of the opposition APC, Hon. Abdul Kargbo congratulated President Bio for the international recognition and praised him for entrusting leadership roles to young people. “We are proud as a nation of your achievement. As Members of Parliament, we recognise our roles, but we remain open and committed to the development of Sierra Leone,” he said.

    He noted that all government bills that have been tabled in Parliament and were in the national interest have been passed expeditiously. He attributed this to teamwork, political maturity, and shared patriotism, which have contributed to a relatively calm and productive parliamentary environment.

    In his response, President Julius Maada Bio thanked the SLPP and APC parliamentary leadership for their gesture, describing it as a demonstration of patriotism, unity, and national solidarity. “Your coming together, across party lines, to congratulate me on my ECOWAS leadership shows maturity and a common commitment to Sierra Leone,” he remarked.

    President Bio reiterated that his successes were not personal achievements but national victories. “What we’ve accomplished is not about me, it is about Sierra Leone. These milestones reflect the work we are all doing together,” he said.

    He expressed appreciation for the oversight role played by the opposition, acknowledging that constructive criticism helps sharpen governance and reinforces the democratic process. “Your critical voice in Parliament keeps us accountable, especially on national development, peace, and cohesion.”

    President Bio encouraged Members of Parliament to continue leveraging their collective strength to advance national development. “We are smart people. With diverse views from different political parties, we can take bold, effective decisions to keep development at the center of our national agenda.”

    He called for a readjustment of political ideologies towards cooperation and mutual respect, citing the importance of reducing political tension and promoting development-focused dialogue. The President proposed a national dialogue to define a long-term development agenda that every future administration would prioritize for the country’s benefit.

    President Bio concluded by expressing gratitude for the visit and the congratulatory message from the Parliament.

    Distributed by APO Group on behalf of State House Sierra Leone.

    MIL OSI Africa –

  • MIL-Evening Report: Interest rates are on hold at 3.85%, as the Reserve Bank opts for caution over mortgage relief

    Source: The Conversation (Au and NZ) – By Stella Huangfu, Associate Professor, School of Economics, University of Sydney

    Thurtell/Getty Images

    The Reserve Bank of Australia has kept the cash rate at 3.85%, after cutting it in February and May.

    Those earlier moves were aimed at supporting the economy as growth slowed and inflation eased. This time, however, the bank chose to pause, signalling a more cautious stance.

    The decision will be hard for the millions of mortgage holders and aspiring home owners who were hoping for a cut.

    But as the bank’s monetary policy board explained:

    the board judged that it could wait for a little more information to confirm that inflation remains on track to reach 2.5% on a sustainable basis.

    The decision surprised many. Financial markets had priced in a 90% chance of a rate cut and the big four banks – ANZ, Westpac, Commonwealth and NAB – had forecast an easing in July.

    On Tuesday afternoon Treasurer Jim Chalmers, would not be drawn on whether the bank had made the right decision but did say:

    it was not the result millions of Australians were hoping for or what the market was expecting.

    By holding steady, the bank is signalling it is not yet fully convinced inflation is returning to target and is prepared to wait for further evidence before cutting again.

    The bank also cautioned that uncertainty in the world economy remains elevated, with the final scope of trade tariffs yet to play out.

    What’s behind this surprise decision?

    The economy grew just 0.2% in the March quarter, with annual growth slowing to 1.3%. This was well below trend and even weaker than the 0.6% pace recorded in the December quarter. The data points to a clear loss of momentum.

    Consumer spending has also remained soft. Retail sales rose only 0.2% in May, following flat or falling results in the two previous months.

    Food spending declined, and sales of household goods were unchanged. Many households are still feeling the squeeze from high interest rates, rising living costs, and low confidence in the economy.

    Inflation has continued to ease. May’s inflation figures showed headline inflation falling to 2.1%, while the Reserve Bank’s preferred trimmed mean – dropped to 2.4% – the lowest since late 2021.

    The trimmed mean is a measure of underlying inflation that excludes the most extreme price changes (both increases and decreases) in the consumer price index basket to give a clearer picture of inflation trends.

    Price pressures have eased across both goods and services, with no signs of wage-driven or second-round inflation taking hold.

    Despite this, the bank decided to pause. While inflation is generally in line with its forecasts, the bank noted:

    the June quarter CPI [consumer price index] figures were slightly stronger than expected at the margin.

    With rates already cut twice this year and broader economic conditions evolving as expected, the Reserve Bank judged it could wait for more data before making its next move.

    What happens next?

    Markets still expect two more cuts this year – in August and November – which would bring the cash rate down to 3.35% by the end of 2025. But this depends on how inflation, wages and the job market evolve.

    Wage growth is slowing. Private sector wages rose 3.3% over the year to March, the slowest pace since mid-2022.

    The unemployment rate stayed at 4.1% in May, with little change in how many people are working or looking for jobs. The job market is still solid, but signs of slowing are emerging.

    The Reserve Bank is likely to move carefully. While inflation pressures have eased, the board wants to be sure prices stay within its 2 to 3% target band. It’s also keeping an eye on the housing market. Home prices rose 0.4% in June and are now up 4.6% over the year.

    That renewed strength, helped by earlier rate cuts and limited supply, could make future decisions more complicated.

    Global conditions still matter

    As the monetary policy board noted, “uncertainty in the world economy remains elevated”. Slowing global growth and fragile trade conditions are adding to the complexity of the bank’s task.

    In Europe, economic growth is expected to reach just 0.9% this year, well below historical norms.

    China’s recovery also remains uneven, despite authorities targeting 5% growth. Weak private investment and ongoing challenges in the property sector continue to weigh on momentum.

    Meanwhile, global trade has stalled. The World Trade Organization expects trade volumes to fall 0.2% this year as tensions and tariffs continue to disrupt supply chains. Ongoing trade threats between the United States and China are also hurting investment and weighing on key Australian exports like resources and education.

    Tuesday’s decision to hold the cash rate steady highlights the Reserve Bank’s cautious approach in a shifting economic environment.

    Growth is soft, inflation has eased back within the target band, and household spending remains under pressure. But with inflation data slightly stronger than expected, the bank is choosing to wait for more confirmation before cutting again.

    This isn’t a change in direction – it’s a pause for more information. The message remains clear: the Reserve Bank is prepared to act, but only when the data warrant it.

    Stella Huangfu 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.

    – ref. Interest rates are on hold at 3.85%, as the Reserve Bank opts for caution over mortgage relief – https://theconversation.com/interest-rates-are-on-hold-at-3-85-as-the-reserve-bank-opts-for-caution-over-mortgage-relief-260310

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Asia-Pac: Paul Lam visits the Netherlands

    Source: Hong Kong Information Services

    Secretary for Justice Paul Lam began his European visit in Amsterdam, the Netherlands, on Sunday by meeting  international organisations, judges from the International Court of Justice (ICJ), government officials and the local business community.

    Upon his arrival, Mr Lam met Hong Kong people and overseas Chinese organisation representatives living in the Netherlands and Luxembourg to learn about their work and life, and shared with them Hong Kong’s latest developments in various areas.

    After arriving at The Hague the next day, he visited the Hague Conference on Private International Law (HCCH) and met Secretary General of the HCCH Christophe Bernasconi.

    Mr Lam thanked the HCCH for its support for the secondment programme of legal professionals of the Department of Justice (DoJ) and exchanged views on further strengthening the co-operation between the DoJ and the HCCH, including hosting an international conference about the Hague Conventions during Hong Kong Legal Week in December.

    During a meeting with Secretary General of the Ministry of Justice & Security of the Netherlands Anneke Van Dijk and officials, Mr Lam introduced the latest developments of Hong Kong and discussed issues such as the development and direction of international legal co-operation.

    Afterwards, he had a lunch meeting with the Ambassador Extraordinary & Plenipotentiary of the People’s Republic of China to the Kingdom of the Netherlands Tan Jian.

    In the afternoon, Mr Lam visited the ICJ of the United Nations and met ICJ President Yuji Iwasawa, to exchange views on the latest developments in international dispute resolution, including the establishment of the International Organization for Mediation with its headquarters in Hong Kong. They also shared views on the training of international legal experts and professionals.

    At the Permanent Court of Arbitration (PCA) Mr Lam discussed the co-operation between the DoJ and the PCA in the fields of capacity building and international law with PCA Secretary-General Marcin Czepelak.

    In the evening, he attended a business seminar and dinner organised by the Netherlands Hong Kong Business Association, and shared with about 100 participants Hong Kong’s distinctive advantage of enjoying the strong support of the motherland while being closely connected to the world under the “one country, two systems” principle.

    The justice chief stressed that Hong Kong’s legal system is credible and reputable, user-friendly, and closely tied with Mainland China and other parts of the world, making Hong Kong’s legal system exceptional among other common law peers.

    Mr Lam will be in Paris for the second leg of his European visit today.

    MIL OSI Asia Pacific News –

  • MIL-Evening Report: What makes a good AI prompt? Here are 4 expert tips

    Source: The Conversation (Au and NZ) – By Sandra Peter, Director of Sydney Executive Plus, Business School, University of Sydney

    FOTOSPLASH/Shutterstock

    “And do you work well with AI?”

    As tools such as ChatGPT, Copilot and other generative artificial intelligence (AI) systems become part of everyday workflows, more companies are looking for employees who can answer “yes” to this question. In other words, people who can prompt effectively, think with AI, and use it to boost productivity.

    In fact, in a growing number of roles, being “AI fluent” is quickly becoming as important as being proficient in office software once was.

    But we’ve all had that moment when we’ve asked an AI chatbot a question and received what feels like the most generic, surface level answer. The problem isn’t the AI – you just haven’t given it enough to work with.

    Think of it this way. During training, the AI will have “read” virtually everything on the internet. But because it makes predictions, it will give you the most probable, most common response. Without specific guidance, it’s like walking into a restaurant and asking for something good. You’ll likely get the chicken.

    Your solution lies in understanding that AI systems excel at adapting to context, but you have to provide it. So how exactly do you do that?

    Crafting better prompts

    You may have heard the term “prompt engineering”. It might sound like you need to design some kind of technical script to get results.

    But today’s chatbots are great at human conversation. The format of your prompt is not that important. The content is.

    To get the most out of your AI conversations, it’s important that you convey a few basics about what you want, and how you want it. Our approach follows the acronym CATS – context, angle, task and style.

    Context means providing the setting and background information the AI needs. Instead of asking “How do I write a proposal?” try “I’m a nonprofit director writing a grant proposal to a foundation that funds environmental education programs for urban schools”. Upload relevant documents, explain your constraints, and describe your specific situation.

    Angle (or attitude) leverages AI’s strength in role-playing and perspective-taking. Rather than getting a neutral response, specify the attitude you want. For example, “Act as a critical peer reviewer and identify weaknesses in my argument” or “Take the perspective of a supportive mentor helping me improve this draft”.

    Task is specifically about what you actually want the AI to do. “Help me with my presentation” is vague. But “Give me three ways to make my opening slide more engaging for an audience of small business owners” is actionable.

    Style harnesses AI’s ability to adapt to different formats and audiences. Specify whether you want a formal report, a casual email, bullet points for executives, or an explanation suitable for teenagers. Tell the AI what voice you want to use – for example, a formal academic style, technical, engaging or conversational.

    In a growing number of roles, being able to use AI is quickly becoming as important as being proficient in office software once was.
    Shutterstock

    Context is everything

    Besides crafting a clear, effective prompt, you can also focus on managing the surrounding information – that is to say on “context engineering”. Context engineering refers to everything that surrounds the prompt.

    That means thinking about the environment and information the AI has access to: its memory function, instructions leading up to the task, prior conversation history, documents you upload, or examples of what good output looks like.

    You should think about prompting as a conversation. If you’re not happy with the first response, push for more, ask for changes, or provide more clarifying information.

    Don’t expect the AI to give a ready-made response. Instead, use it to trigger your own thinking. If you feel the AI has produced a lot of good material but you get stuck, copy the best parts into a fresh session and ask it to summarise and continue from there.

    Keeping your wits

    A word of caution though. Don’t get seduced by the human-like conversation abilities of these chatbots.

    Always retain your professional distance and remind yourself that you are the only thinking part in this relationship. And always make sure to check the accuracy of anything an AI produces – errors are increasingly common.

    AI systems are remarkably capable, but they need you – and human intelligence – to bridge the gap between their vast generic knowledge and your particular situation. Give them enough context to work with, and they might surprise you with how helpful they can be.

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

    – ref. What makes a good AI prompt? Here are 4 expert tips – https://theconversation.com/what-makes-a-good-ai-prompt-here-are-4-expert-tips-260502

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Banking: The Story Behind Samsung Color E-Paper: The Digital Signage Solution That Displays 2.5 Million Colors Without Continuous Power

    Source: Samsung

    From menu boards and discount offers to promotional advertisements, digital signage has become an essential medium for delivering information in retail spaces. Now, a new display has emerged — one that can show images without a continuous power supply.
    On June 8, Samsung Electronics launched the 32-inch Color E-Paper — an ultra-low-power digital signage solution capable of delivering rich, high-quality visuals.
    Behind this innovative product lies Samsung’s proprietary Color Imaging Algorithm technology, developed through close collaboration between the Visual Display (VD) Business and Samsung Research at Samsung Electronics.
    Samsung Newsroom spoke with two key figures behind its development — Daewoong Cho from the VD Business and Iljun Ahn from Samsung Research — to learn more about the creation of Color E-Paper.
    ▲ (From left) Iljun Ahn from Samsung Research and Daewoong Cho from the VD Business
    Paradigm Shift: Ultra-Slim, Ultra-Light and Ultra Low-Power
    The Color E-Paper sets a new benchmark for digital signage — redefining hardware, operational methods and content expressiveness.
    The globally released EM32DX model (32-inch) sports an ultra-slim profile, measuring just 8.6 millimeters at its thinnest point, and boasts a lightweight structure, weighing only 2.5 kilograms with the battery.
    ▲ Daewoong Cho from the VD Business
    “We designed the device to be ultra-slim and ultra-light so that it can be installed easily, even in tight spaces,” said Cho, who led Color E-Paper’s hardware development. “This versatility means it can serve as a menu board at a café entrance or be mounted on a wall to function as a seasonal, emotionally resonant interior display.”
    One of the biggest advantages of the Color E-Paper is its ultra-low power consumption, as it draws 0.00W1 while displaying a static image. This allows content to remain visible for extended periods on battery power alone, significantly reducing energy usage in retail environments. Changing the display image requires only a minimal amount of power as well. In addition, as part of Samsung’s commitment to sustainability, the product incorporates recycled plastics in its exterior and comes in eco-friendly packaging.
    ▲ Content for the Color E-Paper can be easily created, replaced and managed through the Samsung VXT platform.
    ▲ Samsung VXT enhances the Color E-Paper experience with content visibility optimization, a preview function that ensures color accuracy before deployment, and other convenient features.
    A Display That Runs Without a Continuous Power Supply
    The secret behind the Color E-Paper’s ultra-low power consumption is its distinctive method of displaying images.
    ▲ Iljun Ahn from Samsung Research
    “While conventional LCD signage uses a backlight to illuminate images, the Color E-Paper arranges six colors of digital ink in precise locations — just like printing on paper,” said Ahn, who participated in developing the product’s image enhancement technology. “This is also what gives the display its eye-friendly visual texture.”
    The display consists of millions of microcups, each containing four colored ink particles (red, yellow, white and blue). When an electrical signal is applied to each cup, the designated ink particles rise to the surface to produce six colors.
    “This process closely resembles the printing principle by which ink adheres to paper,” Ahn explained. “Once an image is formed, it can be semi-permanently retained without any further power consumption.”

    Rich Images With Just Six Colors Through Samsung’s Proprietary Technology
    The Color E-Paper‘s strengths go far beyond power efficiency. The product can reproduce vibrant, natural hues using only six colors thanks to Samsung Electronics’ independently developed Color Imaging Algorithm.
    “Conventional products had limitations in accurately reproducing input colors, and issues such as distortion and noise occurred in flat or edge areas of images. A solution was needed to overcome these challenges, so the VD Business and Samsung Research joined forces to come up with one,” said Ahn.
    The starting point for developing the Color Imaging Algorithm, which enhances both color expressiveness and visibility, was the Human Visual System (HVS). The algorithm was built around a key aspect of human vision: the eye perceives the average color across a certain region, rather than focusing on the colors of individual pixels.
    “By leveraging this trait, it’s possible to create the perception of different colors by naturally combining the six colors. The key lies in optimizing the ratio and arrangement of those combinations to avoid any color distortion,” Ahn added.
    ▲ The Color E‑Paper’s color-rendering process, powered by the Color Imaging Algorithm.
    Calculating Color Ratios: Probability Map Extraction
    Conventional e‑paper relies on error-diffusion2 techniques to approximate digital images using a limited color palette. While effective, these methods carry significant drawbacks, as they are prone to visual distortion and suffer from slow computation speeds.
    To overcome these limitations, Samsung devised an innovative approach that calculates the probability of placing certain colors within arbitrary regions, allowing for more precise color expression.
    ▲ The Color Imaging Algorithm computes color-specific weights as probability distributions.
    By computing color weights as probabilities, the Color E-Paper can render nearly 2.5 million distinct hues using just six colors — a dramatic 40-fold increase in color richness compared to the roughly 60,000 hues achievable with conventional methods.
    Optimizing Color Arrangement: Color Sampling
    Along with color ratios, the way colors are arranged also plays a critical role in color rendition quality. Building on the probability map, Samsung developers applied blue–noise-based 3 sampling (arrangement) to assign colors on a pixel-by-pixel basis, ensuring uniform and smooth color rendering.
    ▲ The blue-noise-based color sampling process
    ▲ (Left) Grocery store promotions brought to life in vivid color on a Samsung Color E-Paper display; (Right) A magnified view of the onion demonstrates how various color combinations naturally render shades and hues.
    This advanced Color Imaging Algorithm technology significantly reduces eye strain and delivers images with soft, natural boundaries — just like printed material.
    ▲ Samsung’s Color Imaging Algorithm technology overcomes the shortcomings of conventional e-paper.
    A Globally Acclaimed Technology With a Bright Future
    With reactions like “I thought it was real paper!” and “Where’s the power cable?”, people are often surprised or impressed when they see the Color E‑Paper for the first time. The innovation drew significant attention at this year’s edition of Europe’s largest display exhibition, Integrated Systems Europe, where it won three Best of Show at ISE 2025 awards.
    “I felt so proud when I heard that a global brand, one that had previously insisted on analog signage only, began seriously considering a digital transformation after seeing the Color E‑Paper at ISE 2025,” Daewoong Cho recalled.
    “The natural, paper-like color of the Color E-Paper will offer consumers a fresh experience across various commercial settings. We plan to introduce it in a range of sizes, from small to large displays.”
    “We are continuing our research with the goal of being able to render a broader range of colors more effectively. Samsung Research and the VD Business will keep working in close partnership to deliver the next breakthrough in display technology,” added Iljun Ahn.
    With its paradigm-shifting power efficiency and color accuracy, the Samsung Color E‑Paper is leading the evolution of digital signage. Driven by a spirit of continuous innovation, Samsung’s product developers are committed to enhancing visual experiences in commercial spaces — setting a new standard for the displays of tomorrow.

    1 Based on IEC 62301 standards from the International Electrotechnical Commission. Power consumption below 0.005W is indicated as 0.00W.
    2 This method diffuses the quantization error — introduced during image quantization — by distributing it in specified proportions to adjacent pixels, ensuring the errors become visually less noticeable across the entire image.
    3 Unlike white noise, blue noise is concentrated in the high-frequency spectrum, distributing fine-grained, evenly spaced patterns without large blotches — enabling smoother and more natural image rendering on displays.

    MIL OSI Global Banks –

  • MIL-OSI Africa: Kholo Capital provides Bayport South Africa with a R200 million mezzanine debt growth funding facility to support the roll out of the Bayport South Africa (SA) Financial Wellness Solutions Programme

    Source: APO


    .

    Kholo Capital Mezzanine Debt Fund I (“Kholo Capital”) (www.KholoCapital.com) announced today the injection of a R200 million mezzanine debt growth funding facility into Bayport Securitisation (“Bayport South Africa” or “Bayport SA”) to support the roll out of the Bayport SA Financial Wellness Solutions Programme. Bayport SA is committed to alleviating employee over-indebtedness in South Africa and promoting long-term financial wellness of employees. This is achieved by offering them with practical debt solutions, which include debt reduction through negotiating settlement terms and discounts with creditors, halting legal action where possible, and improving employees’ credit scores, through its financial wellness solutions programme.

    Through the Bayport SA Financial Wellness Programme, Bayport SA addresses the widespread issue of over-indebtedness among South African employees. By providing tailored debt reductions (wherein the benefit of all settlement discounts negotiated with creditors is passed to the employees), debt consolidation and rehabilitation solutions, Bayport enables employees to regain financial stability and improve their long-term financial standing. The programme includes structured debt management processes and financial literacy initiatives, ensuring that employees not only reduce their debt obligations and debt repayments resulting in financial breathing room but also develop healthier long-term financial habits.

    Recent market data indicates that more than 60% of employed individuals in South Africa are struggling with over-indebtedness, while less than 14% of the South African population can afford to retire. Alarmingly, an average of 74% of income is spent on debt repayments, with 49% of all consumers falling more than one month behind on at least one loan. These findings highlight a critical socioeconomic issue that not only affects individual well-being and family units, but also impacts workplace productivity, stability, and staff morale.

    As a vital component of its initiative, Bayport SA offers employees, through partnerships with employers, a structured 10-week financial wellness journey aimed at providing both immediate relief and fostering long-term behavioural change. Employees can expect significant improvements in monthly cash flow (i.e., including significant debt reduction), enhanced expense management, and the ability to effectively plan for future financial milestones. The program includes personal financial health assessments, individualized coaching, and practical exercises to build sustainable financial habits. Additionally, employees engage in peer-led group sessions that promote accountability and support the development of effective money management practices.

    To further amplify the financial wellness program’s impact, Bayport SA supplies a range of digital tools and support services. These include a gamified financial wellness app that facilitates goal tracking and provides access to educational resources, along with one-on-one sessions with personal money coaches throughout the journey. The Bayport SA Academy offers online financial education and workshops to enhance financial literacy, while structured emergency credit facilities provide responsible short-term relief as an alternative to high-cost payday loans.

    Bayport SA is currently in partnership with more 70 employers across various industries in South Africa, including blue-chip corporations in FMCG, financial services, telecommunications, automotive, and mining sectors, as well as government entities at local, provincial, and national levels.

    Mokgome Mogoba, Managing Partner and Founder at Kholo Capital, remarked: “The positive ESG and social impact on the South African society by Bayport SA is substantial as the company provides significant debt relief to over-indebted employees. We are very passionate about financial inclusion and this investment achieves that. Bayport SA’s intervention in the South African economy is significant and measurable. Settlement discounts negotiated with creditors on behalf of employees can range between 25% and 80% of the total debt amount outstanding. The average increase in monthly disposable income is R7,450, representing 32.8% of the average basic salary of R22,865. This increase in financial flexibility is directly correlated with a substantial reduction in the total debt amount outstanding and reduction in monthly debt repayment obligations.”                                                                                                                        

    Zaheer Cassim, Managing Partner and Founder at Kholo Capital, asserted: “Bayport SA’s securitization program, is one of the best in South Africa. There has never been any payment defaults or covenant breaches, even during the challenging period of the COVID-19 pandemic. The securitization program is supported by leading South African institutional investors and South African banks. Bayport SA is also highly regarded for its first-class management team, transparent reporting practices and strong management engagement, with regular investor reporting and quarterly meetings with investors. The business is supported by strong shareholders of reference which include the Public Investment Corporation (PIC). We are very pleased with this investment in Bayport SA, and we look forward to supporting this highly talented and highly motivated management team in their vision to grow the business, by providing financial wellness solutions to the South African people.”

    Alfred Ramosedi, Chief Executive Officer of Bayport SA, commented: “We are proud to partner with Kholo Capital, whose commitment to impact investing aligns seamlessly with our mission to drive meaningful financial change. As one of South Africa’s leading financial wellness companies, this funding will enable us to scale our reach and deepen our impact – empowering even more South Africans with the tools and support to break free from debt and build financially resilient futures.”

    Norton Rose Fulbright acted as legal counsel to Kholo Capital and Werksmans acted as legal counsel for Bayport SA.

    Distributed by APO Group on behalf of Kholo Capital.

    Notes to Editors

    About R1,4 billion Kholo Capital Mezzanine Debt Fund I

    Please keep Kholo Capital Mezzanine Debt in mind whenever equity funding is needed, we can plug some of the equity funding gap with mezzanine debt loan funding (subordinated loans) so that shareholders don’t give up too much equity and don’t suffer too much equity dilution.

    The R1,4bn Kholo Capital Mezzanine Debt Fund provides mezzanine debt funding R70m to R205m to medium sized businesses generating minimum R25m EBITDA per annum. We can invest in all sectors including real estate (but excluding primary mining, resources, commodities, primary farming, micro lending, gambling, ammunition, hard liquor and tobacco). However, we can invest in mining services/products, mining logistics/transportation, mineral processing, and Agri-processing.

    We provide growth capital and acquisition funding to mid-market companies with operations in South Africa, Botswana, Namibia, Swaziland, or Lesotho. Investment tenor 4 to 7yrs targeting returns above 17% (interest rate plus equity upside). Leverage up to 3,5x to 4x Total Debt (senior debt and mezzanine debt) to EBITDA and/or up to 80% LTV.

    Kholo Capital is passionate about investing in sectors of the Southern African economy with high social impact including financial inclusion, affordable housing, healthcare, education, renewable energy, food security, ICT, and infrastructure. Our guiding business principles include commitment to add sustainable value to our investee companies and to adhere to the best ESG practices. The Fund uses the United Nation’s 17 Sustainable Development Goals as guiding principles with key focus on those linked to job creation and sustainable growth.

    We also fund share buy backs, refinancing of shareholder loans and dividend recaps. We also fund management buy-outs, leveraged buyouts and private equity buy-outs.

    We can also pay down portion of senior debt bank funding especially where the senior debt has steep capital repayments, in order to create cashflow headroom for the business. Mezzanine debt loan funding is typically 5-6yr flexible bullet loan funding with capital repayable right at the end on the maturity of the loan. The business only has to service interest payments during the loan tenor thereby creating cashflow headroom and the business can re-invest the excess cashflows for growth.

    Business or project must be generating minimum R25m EBITDA per annum at the time of investment. Meaning we can’t fund greenfield projects or new developments on a ring-fenced basis. We can look at greenfield opportunities or new projects provided there is an external guarantee (i.e., third party guarantee) from a business (i.e., balance sheet) that generates the minimum R25m EBITDA. The guarantee can fall away once the business meets the threshold and covenants are met.

    Also, we can’t fund distressed assets or big turnarounds.

    Kholo Capital is a specialist alternative investment fund management company with deep experience and track record in private markets. It was founded in 2020 by Mokgome Mogoba and Zaheer Cassim. The Kholo Capital investment team has more than 100 years of collective credit and investment experience and is highly skilled in senior debt, mezzanine debt and private equity. The investment team has a strong track record in the credit and investment space and has invested in excess of R50bn of mezzanine debt, private equity and senior debt investment transactions in over 90 transactions in more than 10 African countries. Kholo Capital is managed by a cohesive, dynamic and nimble team and the management team has worked together over the last 21 years.

    Website: www.KholoCapital.com

    Website: www.Bayport.co.za

    For more information contact:
    Mokgome Mogoba
    Managing Partner – Kholo Capital Mezzanine Debt Fund I
    mokgome@kholocapital.com
    Tel: +27-79-631-5860

    Zaheer Cassim
    Managing Partner – Kholo Capital Mezzanine Debt Fund I
    zaheer@kholocapital.com
    Tel: +27-83-786-0845

    MIL OSI Africa –