NewzIntel.com

Category: Economy

  • MIL-OSI Africa: Government works to boost the agricultural sector

    Source: South Africa News Agency

    Government works to boost the agricultural sector

    Government is implementing comprehensive measures to support small-scale farmers, especially in rural and underdeveloped provinces like the Eastern Cape, Limpopo, and KwaZulu-Natal. 

    This is according to Deputy President Paul Mashatile who outlined key strategies during a parliamentary question-and-answer session. At Thursday’s session, the Deputy President emphasised the importance of enhancing agricultural productivity and improving access to funding.

    Addressing the National Assembly, he stated that the government is improving agricultural productivity through the Agriculture Agro-Processing Master Plan (AAPP) and various support programmes, including the Comprehensive Agricultural Support Programme (CASP) and the Blended Finance Scheme.

    WATCH | Deputy President addresses the National Assembly

    He explained that the Master Plan aims to enhance agricultural products, promote agro-processing, and improve market access by building capacity, accelerating land reform, and providing financial assistance to farmers.

    “We need to support it to promote economic growth, ensure food security and employment creation, particularly in rural areas. 
    “Government is playing a crucial role in ensuring that small farmers become sustainable and thriving enterprises aligned to the country’s land reform and rural development objectives,” he said.

    He announced that government is assisting farmers by offering grants and loans through partnerships with financial institutions like the Land Bank, Development Bank of Southern Africa (DBSA), and the Industrial Development Corporation (IDC). 

    According to the Deputy President, the state is providing blended finance schemes targeting black-owned agricultural enterprises. 

    “We are enhancing collaboration between government and private entities to boost productivity, service delivery and sustainability growth. Infrastructure and technology adoption depend on these collaborations,” he said.

    He told Members of Parliament that efforts are being made to address the challenge of accessing funding from commercial banks by de-risking investments and mobilising Development Finance Institutions (DFIs).

    Meanwhile, the Deputy President said government is also leveraging trade agreements, such as the African Continental Free Trade Area (AfCFTA), to boost regional trade. 

    “If we effectively utilise regional structures like the African Continental Free Trade Area, our smallholder farmers will have a platform to access larger regional markets and potentially benefit from increased demand for their products. 

    “In this regard, continuous industry consultation and reporting are taking place through the agricultural trade forum.” 

    Export opportunities

    He announced that South Africa is exploring export opportunities in strategic markets like Japan and focusing on products such as citrus fruits and avocados. 

    In the meantime, arrangements are currently in place with the European Union and the country’s BRICS partners to fast-track export protocols, enhance biosecurity to meet international standards and ensure international outreach is professional, responsive and strategic.

    BRICS is an intergovernmental organisation comprising 10 countries, including Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates.

    Funding and market access 

    The country’s second-in-command also took the time to acknowledge the challenges, including commercial banks’ reluctance to fund small farmers due to a lack of collateral. 

    However, he stated that the government is intervening to reduce investment risks and encourage bank participation. 

    According to Deputy President Mashatile, government aims to transform small-scale farming into sustainable enterprises, which will promote economic growth, food security, and job creation in rural areas.

    “We are actively seeking to expand agricultural market access to countries like Japan, particularly for our citrus fruits and avocados.” 

    The Deputy President also took the time to extend his condolences to the families of the people affected by the severe weather conditions in the Eastern Cape. 

    “Our hearts are with you. Government will do everything in its power to assist you. The President will be visiting the Eastern Cape tomorrow,” he said. – SAnews.gov.za

    Gabisile

    MIL OSI Africa –

  • MIL-OSI Africa: Multi-pronged approach to combat gang violence

    Source: South Africa News Agency

    Multi-pronged approach to combat gang violence

    Government is embarking on a multi-pronged approach to address gang-related crime and its underlying socio-economic causes, Deputy President Paul Mashatile said.

    Speaking on the Justice, Crime Prevention and Security (JCPS) Cabinet Committee’s strategy, the Deputy President emphasised that combating crime requires more than traditional policing.

    He further highlighted several key points of the strategy, which include the development of a national anti-gang initiative, the enhancement of anti-gang units within the South African Police Service (SAPS), the implementation of Operation Shanela to focus on strategic law enforcement efforts, and an emphasis on community engagement and collaboration with stakeholders.

    The need for a multi-disciplinary approach involving various government departments to address crime effectively was also emphasised.

    “This strategy, supported by the anti-gang action plan, focuses on gangsterism through intelligence gathering, proactive policing, community engagement and stakeholder collaboration in this regard,” he said during a question-and-answer session in Parliament on Thursday.

    WATCH | Question and answer session in the National Assembly
     

    READ | Deputy President to respond to oral questions

    Additionally, the country’s second-in-command said the SAPS is working around the clock to investigate and finalise gang-related cases, including drug trafficking, shootings and murders.

    “As a result, according to the latest statement released by SAPS, ongoing operations, which are focusing on combating and preventing crime, including gender-based violence and femicide [GBVF], have led to the arrest of more than 13 000 suspects.”

    He believes that the latest statistics show a significant decrease in most crime categories compared to the previous financial year but added that more efforts are needed.

    As the Chair of the JCPS, he stated that he will continue to engage with the Minister of Police, the National Police Commissioner, and the MECs of Safety in all provinces. 

    Their goal is to enhance efforts in combating organised crime and gang-related killings, particularly in provinces like KwaZulu-Natal and the Western Cape, where these issues are prevalent.

    “Our goal is to eliminate immediate threats posed by crime and gangs in identified high crime areas, while fostering a safe and secure environment for long-term stability.”

    The Deputy President emphasised a multidisciplinary approach, engaging various government departments to tackle root causes such as poverty and unemployment.

    He noted that economic growth and job creation are crucial in preventing youth from turning to criminal activities.

    Water issues 

    The Deputy President discussed the Water Task Team’s efforts to address water shortages, with a focus on 105 non-performing municipalities and enhancing municipal service management. 

    The team was established by President Cyril Ramaphosa  last year under the leadership of the Deputy President to address water challenges in various areas in the country.

    The Deputy President told the Members of Parliament that the Department of Water and Sanitation has established oversight structures and a specialised unit for priority projects and that a comprehensive water debt management plan is recommended. 

    “We are going to carefully look at the resolutions of the Water Indaba because it does address, particularly these issues, because some of the municipalities can’t be water authorities,” he said. 

    READ | Call for national turnaround plan on water security

    In addition, he stated that consequence management for underperforming municipal managers is being considered. 
    “So, we are going to look at how we can, where possible, assist them to be effective in generating revenue. We have realised that poor maintenance of facilities is one of the biggest problems. 

    “If you visit many of our cities, you’ll find that there are problems with leakages and that non-revenue water is a significant issue. So, we’re going to work with them to try and deal with those challenges.” 

    HIV and AIDS

    Shifting focus to HIV and AIDS, he said the withdrawal of US$8 billion in the President’s Emergency Plan for AIDS Relief (PEPFAR) funding for the HIV/AIDS programme will be offset by increased government spending and engagement with other markets. This as funding by the United States Government has been withdrawn. – SAnews.gov.za

    Gabisile

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Director of mobile phone shops given suspended sentence for £150,000 Covid loan fraud 

    Source: United Kingdom – Executive Government & Departments

    Press release

    Director of mobile phone shops given suspended sentence for £150,000 Covid loan fraud 

    Zahid Afzal, of Pembrokeshire, fraudulently claimed extra Covid Bounce Back loans for his phone sales and merchandise companies.

    • Zahid Afzal claimed £150,000 in Covid loans – most of which he moved to personal accounts.  

    • He had already received Bounce Back loans for his two companies when he applied for three more.  

    • He was handed a two-year suspended sentence, and 300 hours of unpaid work, at Swansea Crown Court on 12 June 2025.  

    The director of two companies which run mobile phone shops across the UK has been handed a two-year suspended sentence, after he fraudulently claimed £150,000 in Covid Bounce Back loans.  

    Zahid Afzal, the director of Phone Bits Ltd and Phones Onn Ltd, had already received Covid loans for both companies legitimately – totalling £52,500 – when he applied for three more.  

    The 37-year-old, from Haverfordwest, falsely claimed the applications were the first he had made and exaggerated the turnover of each company.  

    He received the three additional loans of £50,000 each – one for Phone Bits Ltd and two for Phones Onn Ltd – between May and November 2020. 

    Afzal was sentenced for three counts of fraud by false representation at Swansea Crown Court on 12 June 2025.   

    The Insolvency Service is seeking to recover the fraudulently obtained funds under the Proceeds of Crime Act 2002.   

    Insolvency Service Chief Investigator David Snasdell said:  

    It is clear from our investigations that Zahid Afzal felt he could continue to apply time and time again for loans he was not entitled to.  

    Not satisfied with the substantial funds he had legitimately received, he went on to lie on applications and exaggerate his companies’ turnovers. 

    His sentencing should serve as a reminder to those contemplating fraudulently pocketing taxpayers’ money to think again.

    Afzal’s companies ran mobile phone shops or kiosks in Carmarthen, Shropshire, Andover and North Devon. 

    The Insolvency Service investigation did not find any wrongdoing with the use of his initial loans for Phones Onn Ltd (£20,000) and Phone Bits (£32,500), which he was entitled to and were used entirely for business purposes. 

    But he moved the majority of the £150,000 he received from his second round of loans to personal accounts despite stating they were for business purposes.  

    The Bounce Back loan scheme helped small and medium-sized businesses to borrow between £2,000 and £50,000, at a low interest rate, guaranteed by the Government.    

    The loans were made on the condition that they were not to be used for personal purposes, but could be used, for example, to purchase a company asset such as a vehicle, if it would provide an economic benefit to the business.  

    The money lent to a company had to be paid back, over six or 10 years, with payments starting 12 months after the company received the loan. 

    Further information:  

    Updates to this page

    Published 13 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Scam alert related to bank

    Source: Hong Kong Government special administrative region

    Scam alert related to bank 

    BankThe HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
     
    Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the scams concerned, should contact the relevant bank with the information provided in the corresponding press release, and report the matter to the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.
    Issued at HKT 17:45

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Global: Older South Africans need better support and basic services – and so do their caregivers

    Source: The Conversation – Africa – By Elena Moore, Professor of Sociology, University of Cape Town

    In South Africa, most long-term care for older people happens at home through the efforts of family members, largely female kin, not through government services.

    With South Africa’s population growing older, combined with reduced funding for community care, higher levels of disability in old age, and widespread poverty and unemployment, family care has become more important than ever and more challenging. But government and policy makers don’t know how it happens, and we can’t just assume it happens.

    The Family Caregiving Programme is the first major programme dedicated to understanding family care of older persons in southern Africa. As part of the research team for this programme we are looking at how family care works and how it can be better supported. The five-year programme aims to improve our understanding of how family care is experienced in South Africa, Malawi, Namibia and Botswana.

    For the latest research report, we worked with 103 caregivers and 96 older persons in 100 family units across seven locations in three South African provinces: the Western Cape, Eastern Cape, and KwaZulu-Natal. We worked in two rural areas, one peri-urban area and four urban areas including two townships.

    Three quarters of the sample of older persons required constant care or supervision.

    We found that all the care needs were being met – but at a significant cost for caregivers, older persons and society.

    Care needs go beyond physiological and cognitive issues and are shaped by the physical and social environment. The environment can make care more challenging and create more dependency. Lack of access to water, sanitation and electricity adds to care work.

    For care needs to be met, older persons need supported caregivers, access to care services and basic services.

    The gaps

    South Africa’s long term care policy encourages “ageing in place”, meaning older people should live in their homes, supported by community-based services. But the reality is that support is limited.

    Of the 5.5 million older people in South Africa, around 4 million receive the Older Person’s Grant, and at least 1.5 million need help with daily activities. Very few receive home-based care or subsidised meals. Even fewer receive assistive devices and materials such as wheelchairs or incontinence products.

    It’s a common assumption that if an older person lives with family, they’re being cared for. But this isn’t always true. Sometimes the available family member isn’t able – physically, emotionally, or financially – to provide proper care. Mental health support is also largely missing. Many older people experience loneliness and depression, but help is hard to find. In our study, one in five older persons experienced feelings of loneliness, anxiety and despair.

    Many older people don’t have running water, proper toilets, wheelchairs, or incontinence products. If basic services are missing, the older person needs more help. Older black people in rural areas and in under-resourced townships are most affected.

    Older people also need help accessing healthcare. High levels of diabetes, hypertension and arthritis in many cases lead to disability in later life. But getting help to access care isn’t always available.

    Mary Mwebu (we have used pseudonyms), who lives in the rural Eastern Cape and has TB of the spine and mobility challenges, has no running water in her home. She also has no accessible and affordable transport, so she hasn’t been to the clinic in 10 years and struggles to manage her pain.

    Care needs of older persons include basic provision of food. Our findings show that older persons and their households spend way below what is needed for a healthy diet.

    The older person’s grant, at R2,315 (US$130) a month in 2025 and similar to the cost of incontinence products for the month, is often the main income in the household and is used to cover the costs for everyone, especially in a context where 64% of people living with an older person are unemployed.

    Food is the biggest cost, often up to two thirds of income. It is the first thing to cut when there’s not enough money.

    Money is particularly tight in black low-income households. In many cases expenditure exceeds income, and older people are left vulnerable. If any unexpected costs like medical needs or hygiene products arise, the older person will often have to sacrifice food.

    Others will obtain loans and so many fall into debt. Borrowing from loan sharks is a way to buy food but high interest rates put people in a worse position the following month.

    Limiting spending, eating less, and limited help from family members are the only other ways to meet their needs.

    Why care is depleting

    The average older person household has five people in it. Large households have many care needs, not just elder care. We found that women – especially daughters and female relatives – are the main caregivers.

    But the findings show that due to HIV/Aids and migration, older people can’t always rely on their children. In such instances care is also provided by nieces, neighbours, and adult granddaughters.

    Looking after an older person often requires caregivers to relocate. Our findings showed that one in five caregivers had to move, often with young children or leaving spouses behind.

    Sometimes older persons need to move to get care. This happened in one in 10 older persons in our sample. Many are reluctant to move from their homes and the process can take years.

    The findings show that family caregiving is not an endless supply of “free” labour. It is physically, emotionally and financially costly, especially for black low-income women.

    Some answers

    The report proposes three key recommendations.

    Firstly, family caregivers and careworkers should be adequately compensated for their work.

    Secondly, we call for expanding home-based care services to ease the load and give caregivers breaks and mental health support.

    And thirdly, care-related items, such as wheelchairs, incontinence products and healthy food, should be made more easily available.

    Supporting family caregivers means supporting the wellbeing of millions of older South Africans. It’s time the country took elder and family care seriously and backed it with real investment and action.

    Elena Moore receives funding from Wellcome Trust and IDRC-CRDI for the work on elder care in Southern Africa.

    Vayda Megannon and Zeenat Samodien 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. Older South Africans need better support and basic services – and so do their caregivers – https://theconversation.com/older-south-africans-need-better-support-and-basic-services-and-so-do-their-caregivers-258409

    MIL OSI – Global Reports –

  • MIL-OSI Africa: Nigerian Content Development and Monitoring Board (NCDMB) Executive Secretary Joins African Energy Week (AEW) 2025 Amid Focus on Enhancing Local Capacity

    Felix Omatsola Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) – the organization tasked with overseeing Nigerian content plans developed by operators -, has joined the African Energy Week (AEW): Invest in African Energies 2025 conference to discuss strategies for enhancing capacity building and local participation across the oil and gas sector.

    As Nigeria strives to boost oil production to two million barrels per day while scaling-up gas capacity, the NCDMB plays an instrumental part in ensuring local content plans established by operators align with national goals spearheaded by the Nigerian Oil and Gas Industry Content Development (NOGID) Act. During AEW: Invest in African Energies 2025, Ogbe will outline how operators can strengthen local content in the industry, particularly as major projects prepare for development.

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

    Recent initiatives reflect the commitment by the NCDMB to enhance local capacity in Nigerian oil and gas. In May 2025, the organization graduated 20 trainees in critical engineering competencies as part of a 12-month capacity building initiative for oil and gas industry operations. Trainees received international certification. In February 2025, the organization donated a fully-equipped Information and Communication Technology center for the Community Secondary School in Brass Local Government Area. These programs signal the NCDMB’s commitment to skills development – from primary and secondary education all the way through to tertiary education.

    In addition to training initiatives, the organization is strengthening its partnerships with international and regional companies to bolster local content. In April 2025, the NCDMB and Nigerian Gas Infrastructure Company agreed to explore opportunities for collaboration to advance national objectives in local content development and energy infrastructure. Meanwhile, in March 2025, the NCDMB reaffirmed its partnership with the African Petroleum Producers Organization to establish African centers of excellence in local content development. The move aligns with ambitions by both organizations to scale-up capacity building in the oil and gas sector.

    Established in 2010 under the NOGID Act, the NCDMB has emerged as a driving force behind developing local capacity across the country’s oil and gas industry. The organization works closely with a variety of stakeholders – from upstream operators to downstream players to educational, financial and technology institutions – to drive local content strategies. Under a mandate to boost Nigerian local capacity to 70% by 2027, the company has developed 150 information and communication technology centers in second schools across the country, while upgraded select technical colleges, revamped primary schools and trained over 16,000 individuals. Looking ahead, the NCDMB aims to enhance training and local content even further, ensuring the Nigerian oil and gas industry becomes a catalyst for inclusive growth in the country. At AEW: Invest in African Energies 2025, Ogbe will share insights into this strategy, highlighting ongoing initiatives and future local content plans.

    “The NCDMB is not only playing an instrumental part in unlocking greater local value in Nigeria, but setting a strong benchmark for other resource-rich countries seeking to enhance local participation in the oil and gas industry. By prioritizing workforce training and skills development, working closely with operators and overseeing their respective content plans, the organization is ensuring Nigeria unlocks greater value from its oil and gas market,” stated Tomás Gerbasio, Vice President of Commercial and Strategic Engagement at the African Energy Chamber.

    Distributed by APO Group on behalf of African Energy Chamber.

    MIL OSI Africa –

  • MIL-OSI Africa: Mauritius tourism and hospitality industry to showcase growth and investment opportunities at the API Mauritius & Indian Ocean Property Investment Forum

    As Mauritius prepares to host the 3rd Annual API Mauritius & Indian Ocean Property Investment Forum on 26 June, industry leaders highlight the island’s pioneering role in sustainable tourism and hospitality development across the Indian Ocean region.

    The forum will serve as a key platform to discuss growth prospects, investment challenges, and innovative partnerships shaping the future of hospitality in Mauritius and beyond.

    Mauritius is increasingly recognised as a leader in sustainable tourism, driven by government initiatives, industry commitment to eco-friendly practices, and real estate developments.

    The government aims to make Mauritius a “Green Destination” by 2030, focusing on reducing the negative effects of tourism like pollution and resource overuse, while increasing positive benefits such as protecting nature, supporting local communities, and preserving culture.

    At the same time, real estate developments also follow green building principles, using energy-efficient designs and renewable energy to reduce carbon footprints. This combined effort from government, industry, and real estate creates a tourism sector that attracts visitors, cares for the environment, and benefits local people.

    Neil George, Partner and Executive Director of Aleph Hospitality, notes that the region faces a significant opportunity to expand eco-certified hotels and circular economic practices in tourism that target waste reduction and promote local sourcing. 

    “Over the next five years, I believe that we will see substantial growth in eco-certified hotels as sustainability becomes a key differentiator. I expect that foreign investment in green hospitality projects will increase as Mauritius strengthens its sustainability credentials,” says George of Aleph Hospitality, which is the largest independent hotel management company in the Middle East and Africa.

    However, he acknowledges that overcoming the perception of “Africa risk” and the somewhat illiquid nature of markets across the African continent remains a barrier to attracting institutional funding.

    In other words, Africa is still widely viewed as lacking transparency, and it can be difficult to quickly buy or sell assets without impacting their prices. As a result, large investors such as banks and financial institutions find it challenging to commit funding. They prefer markets where information is readily available and where they can quickly recover their investments if necessary.

    Investment challenges and innovative solutions

    Institutional funding — traditional debt and equity funding — for hospitality developments in the Indian Ocean is often hindered by perceived market risks and limited liquidity.

    Both Neil George and Govind Mundra, the Head of Development for Middle East & Africa at Wyndham Hotels & Resorts, emphasize these challenges remain perverse but also highlight innovative models to mitigate them.

    Mundra points to branded residences and rental pool resorts as effective strategies that allow developers to pre-sell units and reduce upfront capital burdens while benefiting from global brand management and distribution networks. Wyndham assists developers and investors on this front.

    “Branded residences and rental pools allow developers to pre-sell units—whether villas or condo-style apartments—while retaining them under a hotel management structure, easing both equity requirements and long-term debt burden.

    “It also gives investors the chance to monetize their assets while benefiting from a global brand, unified reservation system, and professional management. For interested investors, we’re always happy to explore these models further after the session. They’ve proven to be a powerful tool, especially when paired with our operational scale and strong visibility in key source markets,” says Mundra.

    Wyndham’s “Wyndham Green” programme also provides a practical roadmap for hotels to achieve sustainability goals, graded across five levels covering energy use, waste reduction, sourcing, and community engagement. This approach aligns with the growing traveller demand for eco-conscious stays, particularly among younger generations, and supports Mauritius’s ambition to become a global benchmark in sustainable hospitality.

    Predictions and growth outlook for the next five years

    Industry leaders foresee a transformative shift in Mauritius’s hospitality sector over the next five years. Sustainable practices will evolve from optional enhancements to mandatory standards for new developments. Eco-certification, digital enablement, and environmental resilience will become prerequisites for new resorts, with guests expecting authentic cultural connections alongside eco-efficiency.

    Aleph Hospitality’s expertise in tailored management solutions offers local entrepreneurs and investors opportunities to optimize operations, improve service quality, and attract international brands and investors through strategic partnerships. This collaborative approach can enhance return on investment from project inception through to exit phases.

    Marriott International, one of the world’s largest hotel companies, has also reaffirmed its commitment to Mauritius, highlighting the island’s rich natural landscapes, cultural heritage, and world-class hospitality.

    Says Jugal Khushalani, the Senior Director of Development for Sub-Saharan Africa at Marriott International: “The destination offers a resilient, high-value tourism offering that has evolved in terms of experience, accessibility, and infrastructure.  It also caters to the rising demand for experiential travel with enhanced luxury offerings, wellness experiences and environmentally conscious initiatives.”

    Marriott International sees strong potential to expand its hotel portfolio in support of Mauritius’s resilient, high-value tourism economy.

    Equally bullish about Mauritius is Radisson Hotel Group, which has reaffirmed its commitment to expanding in the Indian Ocean, building on its strong presence in Mauritius.

    “Mauritius is setting the tone for sustainable hospitality in the region,” says Ramsay Rankoussi, Vice President of Development, Radisson Hotel Group, a major international hospitality company.

    “There’s a clear opportunity to lead with eco-certified hotels, community-integrated experiences, and smart resort design – and we’re eager to be part but also to lead that journey. There’s growing demand from conscious travellers for resorts that integrate environmental stewardship with authentic local experiences which we have made our priority in all the hotels we operate on the island and globally,” says Rankoussi.

    The Radisson Hotel Group is committed to net-zero operations by 2050. The group is also seeking to consolidate its existing presence across Mauritius, Madagascar, Reunion and Maldives but also to eventually enter Seychelles – aiming to bring its diverse portfolio of lifestyle, upper upscale, and eco-conscious brands to more of the region.

    Government and industry collaboration for sustainable tourism

    Mauritius’s government programme for 2025-2029 places eco-tourism at its core, reinforcing the island’s strategic focus on sustainable development. The Tourism Authority’s ongoing initiatives include banning single-use plastics, promoting renewable energy, encouraging local sourcing, and supporting eco-label certifications for hotels, such as Green Globe, held by prominent resorts. These efforts not only reduce the environmental footprint but also enhance the island’s appeal as a responsible travel destination.

    Distributed by APO Group on behalf of API Events.

    Distributed by API Events:
    API Mauritius & Indian Ocean’s Forum enquires: 
    Murray Anderson-Ogle
    Murray@apievents.com
    +27 71 890 77 39
    Website: https://apo-opa.co/4e7j4qY

    About the 3rd annual API Mauritius & Indian Ocean Property Investment Forum:
    The API Mauritius & Indian Ocean Property Investment Forum is an annual event that brings together investors, developers, operators, and government representatives to explore property investment opportunities linked to the tourism and hospitality sectors.  The forum will take place on 26 June at the InterContinental Resort in Mauritius. The forum will highlight Mauritius’s position as a strategic gateway for sustainable tourism development and investment in the Indian Ocean region.

    For more information and to register visit https://apo-opa.co/3SRrmtc

    MIL OSI Africa –

  • MIL-OSI China: Xi urges hard work to build strong China as CPC marks 120th birth anniversary of veteran leader Chen Yun

    Source: China State Council Information Office

    Xi urges hard work to build strong China as CPC marks 120th birth anniversary of veteran leader Chen Yun

    Xinhua | June 13, 2025

    Chinese President Xi Jinping on Friday called for learning from veteran leader Chen Yun and carrying forward his legacy with an enterprising spirit and hard work to build China into a strong country.

    Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks at a meeting held in the Great Hall of the People to mark the 120th anniversary of Chen’s birth.

    Chen, born in 1905, joined the Party in 1925. He was recognized as a great proletarian revolutionary and statesman, and as one of the founding figures of the country’s socialist economy. He was a key member of both the Party’s first generation of central collective leadership with Mao Zedong at the core and the second generation of central collective leadership with Deng Xiaoping at the core, according to Xi. 

    MIL OSI China News –

  • China tells G7 to stop ‘manipulating’ China issues for its own agenda

    Source: Government of India

    Source: Government of India (4)

    China warned the Group of Seven advanced economies on Friday against “manipulating” issues related to the world’s second-largest economy for their own agenda, after they accused Beijing of unfair business practices a year earlier.

    Beijing’s criticism of the G7 and what it represents comes amid a surge in global trade tension between the United States and China this year, as well as within the bloc’s membership.

    In remarks ahead of a three-day G7 summit in Canada set to start from Sunday, Lin Jian, a spokesperson of the Chinese foreign ministry, accused the group of having always upheld a Cold War mentality.

    The bloc should “stop interfering in other countries’ internal affairs, stop undermining other countries’ development, (and) stop manipulating issues related to China,” Lin told a regular news conference.

    The G7 provokes conflicts and confrontations, said Lin, adding that such practices were “doomed to fail”.

    In the communique after its 2024 summit in Italy that mentioned China more than 20 times, the G7 said its companies needed to be protected from China’s unfair business practices.

    It also warned of action against Chinese financial institutions that helped Russia obtain weapons for its war in Ukraine.

    The participation of countries beyond the grouping, such as India and Brazil, in last year’s event also irked China, which viewed the move as a bid to sow discord among countries of the Global South.

    New leaders will represent five of the G7’s members – Britain, Canada, Germany, Japan and the United States – at next week’s summit.

    (Reuters)

  • MIL-OSI: Bitget Sponsors The Inaugural Crypto Jazz Festival at Montreux

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 13, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is proud to announce its participation as main partner of the inaugural Crypto Jazz Festival, set to take place from July 9 to 12, 2025. This groundbreaking new event is an integral part of the globally renowned Montreux Jazz Festival, the world’s second-largest jazz festival, which annually draws over 250,000 attendees. Bitget’s participation represents a unique opportunity to bridge the innovative, and decentralized nature of cryptocurrencies with the rich heritage, artistic excellence, and global appeal of the Montreux Jazz Festival.

    Created in 1967 by Claude Nobs and directed by Mathieu Jaton since 2013, the Montreux Jazz Festival has consistently evolved, generating fantastic stories and legendary performances. Each year, the festival expands its offerings, introducing new experiences to keep pace with evolving trends and audience requests. This year marks the exciting launch of the Crypto Jazz Festival, opening its doors to over 25,000 crypto enthusiasts with completely free access, and featuring panels and special events that fuse pioneering technology with the vibrant pulse of live music.

    “On this first edition, we’re particularly excited to partner with Bitget,” said Yannick Fattebert, Co-Founder of the Crypto Jazz Festival. “Our vision for the Crypto Jazz Festival has always been to open up the world of jazz to new audiences, much like the promise of crypto is to open up finance for everyone. Together, we’re not just creating unforgettable melodies; we’re building bridges to a more inclusive and accessible future for all.”

    Bitget is proud to join this iconic celebration, forging a unique partnership that resonates with the festival’s spirit of pioneering vision and global community. Just as jazz pushes boundaries and evolves with each performance, the world of cryptocurrency is reshaping financial landscapes, offering new rhythms of possibility.

    “Montreux is more than just a festival; it’s a global gathering where music lovers connect, share experiences, and celebrate their shared passion,” said Vugar Usi Zade, COO of Bitget. “This sense of community mirrors the ethos of Bitget, where we strive to build a connected, informed, and empowered community of users who share a vision for a more open financial future. We believe that true value is created when people come together.”

    Bitget is leveraging this event to strengthen its bond with its community, offering several exclusive benefits to users. This includes the chance to win tickets to access exclusive concerts, allowing winners to choose from a wide array of renowned artists, including Lionel Richie, Diana Ross, and Raye. Additionally, Whale VIP tickets offering ultra-exclusive access, along with dinner passes and closing party accesses, are among the potential prizes. More information on this exciting initiative can be found here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. It is serving over 100 million users in 150+ countries and regions. It aims to helping users trade smarter with its pioneering copy trading feature and other trading solutions. At the same time, it offers real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices.

    Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet. It offers an array of comprehensive Web3 solutions and features, including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

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

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

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/55aaf642-cb45-4fec-9776-f4670e05c3dd

    The MIL Network –

  • MIL-OSI Economics: Basel Committee publishes framework for voluntary disclosure of climate-related financial risks

    Source: Bank for International Settlements

    • The Basel Committee has published a voluntary framework for disclosing climate-related financial risks for jurisdictions to consider.
    • The framework incorporates flexibility to account for evolving climate-related data.
    • The Committee will monitor relevant developments, including implementation of other reporting frameworks and disclosure practices by internationally active banks.

    The Basel Committee on Banking Supervision has published today its voluntary framework for the disclosure of climate-related financial risks, which includes both qualitative and quantitative information. The Committee has agreed this framework will be voluntary in nature, with jurisdictions to consider whether to implement it domestically.

    The Committee acknowledges that the accuracy, consistency and quality of climate-related data are evolving, and therefore it is necessary to incorporate a reasonable level of flexibility into the final framework. The Committee also recognises that multiple quantitative metrics and qualitative information may be needed to form a comprehensive picture of banks’ exposure to climate-related financial risks. Users need to consider the disclosures holistically, understanding the strengths and shortcomings of the disclosed information.

    The Committee will monitor relevant developments, including implementation of other reporting frameworks and disclosure practices by internationally active banks in member jurisdictions, and consider whether any revisions to the framework would be warranted in future.

    Note to editors: 

    The Basel Committee is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. Its mandate is to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability. The Committee reports to the Group of Central Bank Governors and Heads of Supervision and seeks its endorsement for major decisions. The Committee has no formal supranational authority, and its decisions have no legal force. Rather, the Committee relies on its members’ commitments to achieve its mandate. The Group of Central Bank Governors and Heads of Supervision is chaired by Tiff Macklem, Governor of the Bank of Canada. The Basel Committee is chaired by Erik Thedéen, Governor of Sveriges Riksbank. 

    More information about the Basel Committee is available here.

    MIL OSI Economics –

  • MIL-OSI Video: UK Lord O’Neill of Gatley: Lord Speaker’s Corner | House of Lords | Episode 29

    Source: United Kingdom UK House of Lords (video statements)

    ‘The US is just so obsessed about being big, it doesn’t understand that by others becoming bigger, the US can become wealthier.’

    Jim O’Neill, Lord O’Neill of Gatley, is an ex-Treasury Minister, former Chief Economist at Goldman Sachs and Crossbench member of the House of Lords.

    In this latest episode of Lord Speaker’s Corner, Lord O’Neill shares his perspectives with Lord McFall of Alcluith on a range of topics, from China and the USA to AI, the risks of rising antimicrobial resistance and why Manchester should be prioritised as Britain’s second city.

    At Goldman Sachs, Lord O’Neill coined the term BRIC (Brazil, Russia, India, China) to describe the group of emerging economies. In this episode he shares his thoughts on how that has progressed, as well as President Donald Trump’s current tariffs approach by the US. He explains ‘the path which Trump seems to have embarked on, of aggressive confrontation, is not likely to be sustained because it is in America’s interests for China to continue to do well economically.’

    He also shares his thoughts on the current approach to AI, warning against letting tech sectors self-regulate: ‘this idea that just let the financial sector regulate itself and there’d be no problem…that didn’t turn out too well, did it? And there’s a lot of these AI guys wanting to do the same.’

    Lord O’Neill also calls for greater devolution, with powers for regions to raise local taxes, suggesting ‘people here (in Westminster) need to have excitement about giving responsibility to local people in these places to make a national difference.’ He also calls for devolution on welfare-spending with health-linked budgets for local authorities: ‘There’s a serious case for exploring devolving aspects of the welfare support budget as it links to critical health illness’

    See more from the series https://www.parliament.uk/business/lords/house-of-lords-podcast/

    #HouseOfLords #UKParliament #LordSpeakersCorner #LordsMembers

    https://www.youtube.com/watch?v=3BHfC5saj3g

    MIL OSI Video –

  • MIL-OSI United Kingdom: Car use reduction plans lack vision of green transport revolution

    Source: Scottish Greens

    13 Jun 2025 Transport

    We cannot allow Scotland’s climate and transport plans to flatline.

    More in Transport

    The Scottish Government’s car reduction plan lacks vision for a green transport revolution, say Scottish Greens. 

    Yesterday’s announcement came as a combined policy statement from the Scottish Government and COSLA with the promise of tackling the climate emergency and encouraging sustainable travel. 

    Scottish Green spokesperson for transport Mark Ruskell says the ambitions don’t go far enough to revolutionise Scotland’s transport and future-proof it.

    The plans do not include any new targets for reduction in car kilometres, after their initial 20% reduction by 2030 was scrapped in April this year. There is also no plan set out on how to deliver better public transport for people all over Scotland.

    Mr Ruskell said:

    “If we want to see less congestion on our roads, we have to make improving public transport a priority. We are in a congestion crisis in our major cities. Air quality is suffering and communities are being cut off by the lack of affordable and accessible public transport. It’s dragging our economy down and damaging our health. 

    “The decision to walk away from the 20% reduction target was a huge step backwards that undermined years of work to decarbonise transport. The plans laid out today give no indication of a new target, and no plans on how to deliver better public transport. 

    “Both Glasgow and Edinburgh Councils are trying to do the right thing by reducing car dependency and reclaiming space for people. If local councils are given the powers to introduce road user charging schemes that will help to curb car reliance in built-up areas that are better served by environmentally friendly alternatives like trains and buses.

    “Giving councils the freedom to raise and invest revenue into world-leading public transport systems is crucial towards cutting pollution, reducing congestion, and building a healthier, more liveable Scotland for future generations.

    “We also need to radically improve public transport across the country. That means making it affordable, accessible, and available for all – not just in cities but in every town and village. There must be a willingness in rural communities and local authorities to aim for that too. A Scotland that is better connected in a cost and climate-friendly way is the future our country deserves.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Amanda Timberg and Darren Xiberras reappointed as Board Members of the National Citizen Service Trust

    Source: United Kingdom – Executive Government & Departments

    News story

    Amanda Timberg and Darren Xiberras reappointed as Board Members of the National Citizen Service Trust

    Amanda Timberg and Darren Xiberras have been reappointed by HM The King as Board Members to support with the orderly wind-down of the National Citizen Service Trust. Darren (as Chair) and Amanda (as member) play an important role on the Audit and Risk sub-Committee (ARC), which has an important role to play in the wind-down.

    Amanda Timberg

    Appointed for a 3 year term commencing 12th June 2025.

    Amanda has dedicated her career to improving access to opportunities through investing in people and communities. She has worked in various roles at Google over the last decade and is currently serving as the Director of Global Programs at Google.org. There, she leads initiatives like product contributions, employee giving, volunteering, and apprenticeships.

    Before Google, Amanda spent fifteen years in education charities in the UK and the US, including a decade as Executive Director at Teach First, working to develop and equip teachers and leaders to make an impact towards educational equity. 

    Amanda started her career teaching primary school in Compton, California and worked at both Teach For America and the Los Angeles Unified School District in southern California. She holds an MSc in Voluntary Sector Management from Bayes Business School.

    Darren Xiberras 

    Appointed for a 3 year term commencing 12th June 2025.

    Darren is currently Chief Financial Officer of Cardiff University and a member of the University Executive Board. He oversees all aspects of the University’s finances and financial performance. He is a Director of UMAL Limited which is a specialist provider of insurance services to the Higher and Further Education sectors.

    Prior to joining Cardiff University, Darren was Chief Finance Officer at the University of South Wales having joined them in 2019. Immediately before that, he held the same role for the education charity Teach First where he also oversaw the Human Resources (HR), property and IT functions.

    Prior to Teach First, Darren was Finance Director of ENGIE (formerly GDF Suez) UK’s £350m turnover public sector division, delivering property services to a multitude of blue-chip public sector clients across the UK.

    Darren has also been Director of Corporate Services for a national UK charity and held the role of Group Finance Director for an Alternative Investment Market (AIM) listed PLC delivering services to the public sector. He trained as an accountant with South Wales Electricity PLC.

    Darren has held several other voluntary roles for both charities and in Higher Education.

    Remuneration and Governance Code

    Board Members of the National Citizen Service Trust are not remunerated. This appointment has been made in accordance with the Cabinet Office’s Governance Code on Public Appointments. The appointments process is regulated by the Commissioner for Public Appointments.

    Under the Code, any significant political activity undertaken by an appointee in the last five years must be declared. This is defined as including holding office, public speaking, making a recordable donation, or candidature for election. Amanda Timberg and Darren Xiberras have not declared any significant political activity.

    Updates to this page

    Published 13 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Himax Technologies, Inc. to Hold Annual General Meeting on August 13, 2025

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, June 13, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that the Company will hold its Annual General Meeting (“AGM”) in Taiwan on August 13, 2025.

    Details of the Annual General Meeting are below:

    TIME and DATE: TAIWAN 9:30 a.m., August 13, 2025
       
    LOCATION: HIMAX FAB 2 – TAINAN CITY, TAIWAN
       

    Shareholders will vote to adopt the Company’s 2024 Audited Accounts and Financial Reports, re-elect Mr. Yan-Kuin Su as an Independent Director of the Company, amend and restate the Company’s Amended and Restated 2011 Long-Term Incentive Plan by the Amendment(s) extending its duration for additional five years to September 6, 2030, and transact any other business brought before the 2025 AGM. Copies of the Company’s Proxy Statement and 2011 Long-Term Incentive Plan Amended and Restated as of August 31st, 2016, 2nd Amended and Restated as of August 28th, 2019, 3rd Amended and Restated as of August 16th, 2022, and 4th Amended and Restated as of August 13rd, 2025 have been filed with the SEC.

    Additionally, a copy of Himax Technologies 2024 Annual Report has been posted on the Himax website for download. The Annual Report can be accessed at the following link: https://www.himax.com.tw/investors/financial-information/.

    For additional information and travel arrangements, please contact Company or investor relations representatives listed below.

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEye™ Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,603 patents granted and 389 patents pending approval worldwide as of March 31, 2025.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

    Company Contacts:
      
    Karen Tiao, Head of IR/PR
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us 
    www.mzgroup.us

    The MIL Network –

  • MIL-OSI Africa: Progress being made in the implementation of SA’s Green Hydrogen Strategy

    Source: South Africa News Agency

    Trade, Industry and Competition Minister Parks Tau says meaningful and tangible progress is being made in the implementation of South Africa’s Green Hydrogen Commercialisation Strategy. 

    He was addressing delegates at the Green Hydrogen Summit on Thursday, held at the Century City Conference Centre in Cape Town. 

    Tau said several commercial-scale green hydrogen projects are currently in development across the country, each addressing different parts of the value chain that must be unlocked. 

    “Through the Industrial Development Corporation (IDC), we have also secured €23 million in grant funding from the German government via KfW Development Bank. 

    “These funds will be used to de-risk and fast-track key catalytic green hydrogen projects. Of the 24 projects identified as Strategic Integrated Projects (SIPs), several have already completed their pre-feasibility study phase. 

    “We have also established the Just Energy Transition Green Hydrogen Programme Management Office, hosted by the IDC, to coordinate the implementation of the green hydrogen chapter of the JET-IP Implementation Plan,” he told the delegates. 

    He said the scale of funding required to develop a green hydrogen ecosystem was immense, therefore collaboration was not just a recommendation, but a necessity.

    “We will explore a range of mechanisms, including project feasibility and development funding, tools to de-risk investments, support for green premiums during the early stages of cost curve reduction such as contracts for difference, investment in supporting infrastructure, and funding that facilitates ecosystem development, including policy support, capacity building, technology transfer, sustainability and inclusion,” he said. 

    Tau said the Green Hydrogen ecosystem will not help South Africa to avert further de-industrialisation, but assist in driving the reindustrialisation of the economy. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Russia: China, Spain pledge to deepen cooperation, support multilateralism and free trade

    Translation. Region: Russian Federal

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

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

    MADRID, June 13 (Xinhua) — Chinese Vice President Han Zheng met with Spanish King Felipe VI here on Thursday. The two sides pledged to deepen cooperation and uphold multilateralism and free trade.

    China is willing to further strengthen cooperation with Spain in areas such as new energy, agriculture, food industry, electric vehicles and digital economy, and intensify people-to-people exchanges in culture and education, Han Zheng said.

    According to him, China and Spain hold similar views on many important international issues and are important positive forces in defending multilateralism, upholding free trade rules and order, promoting openness and cooperation, and improving global governance.

    China is willing to work with Spain and Europe to strengthen communication and dialogue, jointly safeguard the international system with the UN at its core, and contribute to world peace, stability and development, Han added.

    Felipe VI recalled his pleasant visit to China and said that since the beginning of the year, the two countries have held frequent high-level exchanges, continuously deepened political mutual trust and achieved abundant results in practical cooperation, and their relations have shown positive development dynamics.

    Spain admires China’s achievements in new energy, high-speed rail and other sectors, the king said, adding that Madrid is ready to further strengthen cooperation with Beijing to advance bilateral ties.

    Today, the world is experiencing complex changes, and China plays an important, active and stabilizing role in this process, the monarch emphasized.

    According to him, Spain supports multilateralism and free trade, and is willing to strengthen communication and coordination with China in multilateral mechanisms, jointly safeguard the order and rules of international multilateral trade, and promote global sustainable development.

    The parties also exchanged views on issues such as relations between major powers, the Ukrainian crisis and the situation around Palestine. –0–

    MIL OSI Russia News –

  • MIL-OSI Africa: United Nations Economic Commission for Africa (ECA) capacitates Zambia, Zimbabwe and Malawi in e-commerce tools and marketing strategies


    Download logo

    The Permanent Secretary, Zambia Ministry of Commerce Trade and Industry (MCTI), Mrs Lillian Bwalya said, the workshop takes place at a pivotal moment as Africa intensifies efforts to operationalise the African Continental Free Trade Area (AfCFTA), “I commend UNECA and the Government of Italy for this collaboration to organise this workshop that will provide public and private sector stakeholders with practical tools and methodologies to harness the full potential of e-commerce in driving export growth, enhancing market access, and building competitiveness in global and regional markets”.

    She was speaking at the workshop on E-Commerce Marketing and Business Development Strategies for the African Continental Free Trade Area (AfCFTA) and Global Markets convened by the United Nations Economic Commission for Africa (ECA), through its African Institute for Economic Development and Planning (IDEP) and its Sub-Regional Office for Southern Africa (SROSA) and funded by the Government of Italy.

    The overall objective of the workshop was to strengthen the skills of participants from Malawi, Zambia and Zimbabwe to leverage e-trade opportunities in the context of AfCFTA. Mr. Enrico de Agostini, Ambassador of Italy in Zambia reiterated the importance of capacity building of entrepreneurs in the region to ensure sustainable development.

    Ms. Beatrice Mutali, United Nations Resident Coordinator, speaking on behalf of the UN family in Zambia underscored the importance of partnerships between governments, international partners, private sector and the UN to address the gaps in digital trade such as infrastructure, connectivity to payment systems and regulatory frameworks.

    The Director of ECA Subregional office for Southern Africa, Ms. Eunice Kamwendo, in her opening remarks, emphasised the efforts of ECA in implementing innovative and practical initiatives in order to better support member states. An example of which is this e-commerce training that was intended to provide strategic and practical tools necessary to unlock opportunities in the e-commerce space under the AfCFTA and in global markets.

    She further noted that, the AfCFTA, with its promise of a US$3.4 trillion single market, presents ECA and its partners with a unique platform to reimagine value chains, promote innovation, and stimulate sustainable growth driven by the private sector.  “At ECA, we believe that digitalization when guided by inclusive policies and backed by the right skills can bridge development gaps, unlock new markets, and catalyze youth employment”.

    To complement the training ECA-SROSA experts presented on the AfCFTA and initiatives related to the implementation of the AfCFTA Agreement. Ms. Zodwa Mabuza, Chief Sub-Regional Initiatives outlined the protocol on digital trade indicating that it helps harmonize rules to boost Africa’s digital economy, cutting cross-border e-commerce costs, building trust, and supporting Small and Medium Enterprises. Ms. Bineswaree Bolaky, Economic Affairs Officer presented on the AfCFTA, its rationale and instruments, and on ECA’s work on AfCFTA, e-commerce and digital trade including outlining ECA’s support to member States on developing their National AfCFTA Strategies and Green Supplements to these strategies. Mr. Henry Lubinda, Programme Officer gave an overview of SRO-SA’s major areas of support to member States such as inclusive industrialization, green transitions, enhanced food systems and AfCFTA-led trade in Southern Africa.

    The training consisting of 6 sessions, was facilitated by Mr. Fabio Santoni ASeS-CeFor, the implementing partner of the project funded by Italy. Participants were trained through scenarios and business simulation techniques. 

    At the closing of the workshop, certificates were remitted to participants by Mr. Aime Mbatkam, coordinator of the project at ECA’s training arm, the African Institute for Economic Development and Planning.

    This collaborative initiative between ECA and the Government of Italy aimed at supporting Member states through a capacity building programme for the effective implementation of the AfCFTA Agreement. Under Phase 2, Cameroon, Democratic Republic of Congo, Gabon, Malawi, Mauritania, Zambia, and Zimbabwe benefitted from (i) an assessment of e-trade readiness  and (ii) a capacity needs assessment of stakeholders for AfCFTA implementation. These studies informed the design of the online training courses that were subseuqently delivered.

    Distributed by APO Group on behalf of United Nations Economic Commission for Africa (ECA).

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: President Lai meets delegation led by French National Assembly Taiwan Friendship Group Chair Marie-Noëlle Battistel

    Source: Republic of China Taiwan

    Details
    2025-06-05
    President Lai hosts state banquet for President Bernardo Arévalo of Republic of Guatemala  
    At noon on June 5, President Lai Ching-te hosted a state banquet at the Presidential Office for President Bernardo Arévalo of the Republic of Guatemala and his wife. In his remarks, President Lai noted that Taiwan and Guatemala have both undergone an arduous democratization process, and therefore, in face of the continuous expansion of authoritarian influence, must join hands in brotherhood and come together in solidarity to safeguard our hard-earned freedom and democracy. President Lai also expressed hope that both countries will work together and continue to deepen various exchanges and cooperation, taking a friendship that has lasted over 90 years to new heights. A translation of President Lai’s remarks follows: Once again, I would like to offer a warm welcome to President Arévalo and First Lady Lucrecia Peinado, who are leading this delegation to Taiwan. President Arévalo’s previous visit to Taiwan was 31 years ago. Back then, Taiwan did not have direct presidential elections, and the nation was continuing to make progress toward democratization. Today, 31 years later, Taiwan has conducted direct presidential elections eight times, with three transfers of power between political parties. On this visit, I am sure that President Arévalo will gain a deep appreciation for Taiwan’s free and democratic atmosphere.  Taiwan and Guatemala have both undergone an arduous democratization process. A little over 200 years ago, the people of Guatemala took a stand against colonial oppression, seeking national dignity and the freedom of its people. Eighty-one years ago, President Arévalo’s father, Juan José Arévalo, became Guatemala’s first democratically elected president, establishing an important foundation for subsequent democratic development.  Our two peoples have democracy in their blood. Both know the value of freedom and democracy and are willing to take a stand for those values. Therefore, in face of the continuous expansion of authoritarian influence, our two countries must join hands in brotherhood to respond to threats and challenges, and come together in solidarity to safeguard our hard-earned freedom and democracy. I hope that both countries will work together to continue to deepen various exchanges and cooperation, taking a friendship that has lasted over 90 years to new heights. I hope that on this visit, in addition to gaining a deeper understanding of Taiwan’s political, economic, and social development, President Arévalo can also reacquaint himself with the democratic vitality and cultural diversity of Taiwan by sampling various gourmet delicacies and once again experiencing the beauty of our scenery and warmth of our people. Guatemala is a very beautiful country. In the future, I hope to have a chance to personally experience that beauty, explore Mayan civilization, and savor local Guatemalan coffee. In closing, I wish the visiting delegation a smooth and successful trip, and beautiful, unforgettable memories. May President Arévalo enjoy the best of health, and may the diplomatic friendship between our two countries endure. President Arévalo then delivered remarks, stating that at different times and by different means, the people of Taiwan and Guatemala have relentlessly sought to defend freedom and democracy. We share the same expectations, he said, and are walking the right path amid today’s complex international circumstances.  President Arévalo stated that Taiwan and Guatemala are true democratic nations, where the government’s goal is to serve all the people. He noted that this is far from easy under current circumstances, as many authoritarian regimes use their long-term hold on power to safeguard the interests of select groups and neglect the wellbeing of the population as a whole. President Arévalo said that last week Guatemala commemorated the 40th anniversary of its constitution, which was enacted in 1985 and is Guatemala’s ultimate guide, setting the foundation for democracy and clearly outlining the path ahead. He said that over the past 40 years, Guatemala has continued to follow the democratic blueprint established by the constitution and end the civil war so that the nation could make the transition to real democracy. Although more than a few ambitious people have attempted to destroy that process from within, he noted, the people of Guatemala have never given up the pursuit of democracy as an ideal. President Arévalo stated that our two sides’ coming together here is due to such shared values as freedom and democracy as well as the idea of serving all the people. He underlined that the governments of both countries will continue to work hard and provide mutual support to smooth out each other’s path of democracy, freedom, and justice. President Arévalo emphasized that the government of Guatemala will always be Taiwan’s ally, and that he firmly believes Taiwan is Guatemala’s most reliable partner on the path of democracy and economic prosperity and development. The president said he hopes this visit will be the first step towards setting a new course for the governments and peoples of both countries. Also in attendance at the banquet were Guatemala Minister of Foreign Affairs Carlos Ramiro Martínez, Minister of the Economy Gabriela García, and Guatemala Ambassador Luis Raúl Estévez López.  

    Details
    2025-06-05
    President Lai welcomes President Bernardo Arévalo of Republic of Guatemala with military honors  
    On the morning of June 5, President Lai Ching-te welcomed with full military honors President Bernardo Arévalo of the Republic of Guatemala and his wife, who are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. In remarks, President Lai noted that over the past few years, bilateral cooperation between Taiwan and Guatemala has grown closer and more diverse, and said that moving forward, based on a foundation of mutual assistance for mutual benefit, we will continue to promote programs in line with international trends, spurring prosperity and development in both our nations. The military honors ceremony began at 10:30 a.m. in the Entrance Hall of the Presidential Office. After a 21-gun salute and the playing of the two countries’ national anthems, President Lai and President Arévalo each delivered remarks. A translation of President Lai’s remarks follows: Today, President Arévalo and First Lady Lucrecia Peinado are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. On behalf of the people and government of the Republic of China (Taiwan), I want to extend my sincerest welcome. Last year, our two countries celebrated the 90th anniversary of diplomatic ties, providing mutual support all along the way. Especially over the past few years, bilateral cooperation has grown closer and more diverse. We have a long record of remarkable results, whether in terms of medicine and public health, education and culture, technological cooperation, or economic and trade exchanges. Moving forward, based on a foundation of mutual assistance for mutual benefit, Taiwan and Guatemala will continue to promote programs in line with international trends. We will continue to strengthen exchange and cooperation for young people, as well as scholarship programs, and actively cultivate high-tech and information and communications technology industry talent, spurring prosperity and development in both our nations. Although separated by a great distance, the peoples of both countries are closely connected by their ideals and values. I am confident that with President Arévalo’s support, bilateral exchanges and cooperation will become closer and more diverse, beginning a very promising new chapter. I wish the visiting delegation a smooth and successful trip. President Arévalo then delivered remarks, saying that on behalf of the government and people of Guatemala, he is honored to visit the Republic of China (Taiwan), this beautiful nation, and to receive full military honors, which reflects the mutual respect between our two nations as well as our solid friendship. Especially as this state visit comes as we celebrate 90 years of formal diplomatic ties, he said, he has brought the foreign minister, economics minister, private secretary to the president, and social communication secretary as members of his delegation, in the hope of our ties embarking on a new chapter. President Arévalo said that Guatemala-Taiwan ties have in recent years been growing steadily on a foundation of mutual understanding and cooperation, making significant progress, and that our peoples have also cultivated sincere friendships and cooperative relationships across many fields. Our nations are especially promoting public health, education, agricultural technology, and infrastructure, he said, key fields which are conducive to economic and social development. He expressed his hope that on such good foundations of the past, we can further strengthen our bilateral ties for the future. President Arévalo stated that through this state visit they not only want to reaffirm the good bilateral ties between our nations, but that they also hope to define a trajectory for the future of our cooperation in the direction of expanding economic cooperation, building economic and trade alliances, and facilitating investment to foster a Taiwan-Guatemala relationship that benefits both peoples. He then expressed gratitude to the people of Taiwan for helping Guatemala over the past 90 years and reaffirmed the unwavering support of Guatemala for the Republic of China (Taiwan). On the occasion of this visit, he said, he hopes to extend a friendly hand to the people of Taiwan, adding that he looks forward to our nations continuing to take major steps forward on the road of mutual assistance and prosperity. Also in attendance at the welcome ceremony were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

    Details
    2025-06-03
    President Lai confers decoration on President Hilda C. Heine of Republic of the Marshall Islands, hosts state banquet  
    At noon on June 3, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, conferred a decoration upon President Hilda C. Heine of the Republic of the Marshall Islands, and hosted a state banquet for President Heine and her husband at the Presidential Office. In remarks, President Lai thanked President Heine for her commitment to deepening the diplomatic partnership between our nations and speaking up for Taiwan in the international arena. He also expressed hope for Taiwan and the Marshall Islands to work together to address various challenges through an even greater diversity of exchanges, and that together, we can contribute even more to peace, stability, and development throughout the Pacific region. At the decoration ceremony, President Lai personally conferred the Order of Brilliant Jade with Grand Cordon on President Heine before delivering remarks, a translation of which follows:  The Marshall Islands was the first Pacific ally that I visited after taking office as president. When I arrived there, I was immediately drawn to its beautiful scenery. And I received a very warm welcome from the local people. This gesture showed the profound friendship between our two nations. I was truly touched. I also remember trying your nation’s special Bob Whisky for the first time. The flavor was as unique and impressive as the landscape of the Marshall Islands.  In addition to welcoming our distinguished guests today, we also presented President Heine with the Order of Brilliant Jade with Grand Cordon. On behalf of the people of Taiwan, I want to thank President Heine for her commitment to deepening the diplomatic partnership between our nations, and for staunchly speaking up for Taiwan in the international arena. Both I and the people of Taiwan are profoundly grateful to President Heine for her friendship and support. Over the past few years, cooperation between Taiwan and the Marshall Islands has grown ever closer. And this visit by our distinguished guests will allow our two countries to further expand areas of bilateral exchange. I have always believed that only through mutual assistance and trust can two countries build a longstanding and steadfast partnership. I once again convey my sincere aspiration that Taiwan and the Marshall Islands work together to address various challenges through an even greater diversity of exchanges. Together, we can contribute even more to peace, stability, and development throughout the Pacific region. In closing, I want to thank President Heine and First Gentleman Thomas Kijiner, Jr. for leading this delegation to Taiwan, which deepens the foundations of our bilateral relationship. May our two nations enjoy a long and enduring friendship. President Heine then delivered remarks, stating that she felt especially privileged to receive the Order of Brilliant Jade with Grand Cordon of the Republic of China (Taiwan), and humbly accepted the honor with the utmost gratitude, humility, and deep responsibility. This is a deep responsibility, she said, because she understands that since its inception in 1933, this order has been bestowed upon a select few. She then thanked President Lai for this great honor. President Heine stated that the banquet was not just a celebration of our bilateral friendship, but a true reflection of the generosity of the Taiwan spirit and a testament to the enduring ties between our nations, founded on shared values and aspirations, including a respect for the rule of law, the preservation of human dignity, and a deep commitment to democracy. President Heine stated that the Taiwan-Marshall Islands partnership continues to evolve through practical cooperation and mutual support. In recent years, she said, our countries have worked hand in hand across a range of vital sectors, including the recent opening of the Majuro Hospital AI and Telehealth Center and the ongoing and successful Taiwan Health Center, various technical training and scholarship programs, and various climate change adaptation projects in renewable energy, coastal resilience, and sustainable agriculture.   President Heine emphasized that the Marshall Islands continues to be a proud and vocal supporter of Taiwan’s meaningful participation in the United Nations system and other international organizations. Taiwan’s exclusion from these platforms, she said, is not only unjust, but is bad for the world, and the global community needs Taiwan’s voice and expertise.  President Heine also expressed sincere appreciation to all of the Taiwanese friends who have contributed their efforts to deepening bilateral relations, including government officials, healthcare workers, teachers, engineers, and volunteers. The people of the Marshall Islands, she said, deeply appreciate and value everyone’s efforts and service. President Heine said that as we celebrate our partnership, let us look to the future with hope and determination, continue to work together, learn from one another, and support one another to champion a world where all nations can chart their own course based on peace and international law. Also attending the state banquet were Marshall Islands Council of Iroij Chairman Lanny Kabua, Minister of Foreign Affairs and Trade Kalani R. Kaneko, Minister of Finance David Paul, Nitijela Standing Committee on Foreign Affairs and Trade Chairperson Joe Bejang, and Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands.  

    Details
    2025-06-03
    President Lai and President Hilda C. Heine of Marshall Islands hold bilateral talks and witness signing of agreements
    On the morning of June 3, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Hilda C. Heine of the Republic of the Marshall Islands at the Presidential Office following a welcome ceremony with military honors for her and her husband. The leaders also jointly witnessed the signing of a letter of intent for sports exchanges and a memorandum of understanding regarding the Presidents’ Scholarship Fund. President Lai then presided over a launch ceremony for a loan program to purchase aircraft. In remarks, President Lai thanked the government and the Nitijela (parliament) of the Marshall Islands for their longstanding support for Taiwan’s international participation and for voicing staunch support for Taiwan at numerous international venues. President Lai said that Taiwan looks forward to continuing to deepen its diplomatic partnership with the Marshall Islands and build an even closer cooperative relationship across a range of fields, engaging in mutual assistance for mutual benefits and helping each other achieve joint and prosperous development to yield even greater well-being for our peoples. A translation of President Lai’s remarks follows: I once again warmly welcome President Heine, First Gentleman Thomas Kijiner, Jr., and our guests to Taiwan. During my visit to the Marshall Islands last year, I said that Taiwan and the Marshall Islands are truly a family. When Vice President Hsiao and I took office last year, President Heine led a delegation to Taiwan. It is now one year since our inauguration, and I am delighted to see President Heine once again, just as if I were seeing family arrive from afar. Through my visit to the Marshall Islands, I gained a profound sense of the friendship between the peoples of our two nations, well-demonstrated by bilateral exchanges in such areas as healthcare, agriculture, and education. And it is thanks to President Heine’s longstanding support for Taiwan that our countries have been able to further advance collaboration on even more issues, including women’s empowerment and climate change. In recent years, the geopolitical and economic landscape has changed rapidly. We look forward to Taiwan and the Marshall Islands continuing to deepen our partnership and build an even closer cooperative relationship. In just a few moments, President Heine and I will witness the signing of several documents, including a memorandum of understanding and a letter of intent, to expand bilateral cooperation in such fields as sports, education, and transportation. Taiwan will take concrete action to work with the Marshall Islands and advance mutual prosperity and development, writing a new chapter in our diplomatic partnership. I would also like to take this opportunity to express gratitude to the government and Nitijela of the Marshall Islands. In recent years, the Nitijela has passed annual resolutions backing Taiwan’s international participation, and President Heine and Marshallese cabinet members have been some of the strongest advocates for Taiwan’s international participation, voicing staunch support for Taiwan at numerous international venues. Building on the pillars of democracy, peace, and prosperity, Taiwan will continue to work with the Marshall Islands and other like-minded countries to deepen our partnerships, engage in mutual assistance for mutual benefits, and help one another achieve joint and prosperous development. I have every confidence that the combined efforts of our two nations will yield even greater well-being for our peoples and see us make even more contributions to the world. President Heine then delivered remarks, and began by conveying warm greetings of iokwe from the people and government of the Republic of the Marshall Islands to the people and government of the Republic of China (Taiwan). She said she was deeply honored to be in Taiwan for an official visit, and extended appreciation to President Lai and his government for their gracious invitation and warm welcome. President Heine stated that this year marks 27 years of diplomatic ties between our two nations, and that they are proud of this enduring friendship. This special and enduring relationship, she said, is grounded in our shared Austronesian heritage, and strengthened by mutual respect for each other’s democratic systems and our steadfast commitment to the core values of freedom, justice, and the rule of law. President Heine stated that Taiwan’s continued support has been invaluable to the people and national development of the Marshall Islands, particularly in the areas of health, education, agriculture, and climate change. She also expressed deep appreciation to Taiwan for providing Marshallese students with opportunities to study in Taiwan, and for the care extended to Marshallese who travel here for medical treatment. President Heine also announced that she would be presenting a copy of a resolution by the people and government of the Republic of the Marshall Islands reiterating their appreciation for the support provided by the people and government of the Republic of China (Taiwan), and calling on the United Nations to take immediate action to resolve the inappropriate exclusion of Taiwan’s 23 million people from the UN system. She added that she looked forward to the bilateral discussions later that day, and to continuing the important work that both countries carry out together. After the bilateral talks, President Lai and President Heine witnessed the signing of a letter of intent regarding sports exchanges and a memorandum of understanding regarding the Presidents’ Scholarship Fund by Minister of Foreign Affairs Lin Chia-lung (林佳龍) and Marshallese Minister of Foreign Affairs and Trade Kalani R. Kaneko. President Lai then presided over a launch ceremony for a loan program to purchase aircraft, marking the formal beginning of Taiwan-Marshall Islands air transport cooperation. The visiting delegation also included Council of Iroij Chairman Lanny Kabua, Minister of Finance David Paul, and Nitijela Standing Committee on Foreign Affairs and Trade Chair Joe Bejang. They were accompanied to the Presidential Office by Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands.

    Details
    2025-06-03
    President Lai welcomes President Hilda C. Heine of Republic of the Marshall Islands with military honors  
    President Lai Ching-te welcomed President Hilda C. Heine of the Republic of the Marshall Islands and her husband on the morning of June 3 with full military honors. In remarks, President Lai thanked President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. The president said that over our 27 years of diplomatic relations, our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. And moving ahead, he said, Taiwan will continue to deepen collaboration across all domains for mutual prosperity and growth. The welcome ceremony began at 10:30 a.m. in the plaza fronting the Presidential Office. President Lai and President Heine each delivered remarks after a 21-gun salute, the playing of the two countries’ national anthems, and a review of the military honor guard. A translation of President Lai’s remarks follows: On behalf of the people and government of the Republic of China (Taiwan), it is a great pleasure to welcome President Heine, First Gentleman Thomas Kijiner, Jr., and their delegation with full military honors as they make this state visit to Taiwan. When I traveled to the Marshall Islands on a state visit last December, I was received with great warmth and courtesy. I once again thank President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. Taiwan and the Marshall Islands share Austronesian cultural traditions, and we are like-minded friends. Throughout our 27 years of diplomatic relations, we have always engaged with each other in a spirit of reciprocal trust and mutual assistance. Our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. This is President Heine’s first state visit to Taiwan since taking office for a second time. We look forward to engaging our esteemed guests in in-depth discussions on issues of common concern. And moving ahead, Taiwan will continue to deepen collaboration with the Marshall Islands across all domains for mutual prosperity and growth. In closing, I thank President Heine, First Gentleman Kijiner, and their entire delegation for visiting Taiwan. I wish you all a pleasant and successful trip.  A transcript of President Heine’s remarks follows: Your Excellency President Lai Ching-te, Vice President [Bi-khim] Hsiao, honorable members of the cabinet, ambassadors, distinguished guests, ladies and gentlemen: It is my pleasure to extend warm greetings of iokwe on behalf of the people and the government of the Republic of the Marshall Islands. I wish to also convey my appreciation to Your Excellency President Lai, for the hospitality and very warm welcome – kommol tata. This visit marks my seventh official state visit to this beautiful country. It’s a testament to my strong commitment to further deepening ties between the Republic of the Marshall Islands and the Republic of China (Taiwan). During this visit, I look forward to engaging in meaningful discussions with Your Excellency President Lai to further strengthen the bilateral relationship between our two nations and our peoples.  For over a quarter-century, Taiwan has been a strong ally and friend to the Marshall Islands. Our partnership has thrived across many sectors, including education, healthcare, infrastructure, and economic development. Through Taiwan’s generous support and collaboration, we have made significant progress in improving the lives of our people, empowering our communities, and fostering sustainable growth. The Marshall Islands deeply values our partnership with Taiwan and appreciates Taiwan’s support over the years. Despite our small size and limited voice on the global stage, the Marshall Islands deeply cherishes our friendship with Taiwan, and to that end, I wish to reaffirm my government’s commitment to Taiwan’s meaningful participation in the United Nations system. Taiwan has consistently demonstrated its commitment to the principles of democracy, human rights, and the rule of law. In light of current constraints in global affairs, it is now more urgent than ever that the international community of nations recognize the fundamental rights of the 23 million Taiwanese people and recognize Taiwan’s aspiration to engage fully in global affairs. It is with this in mind that I wish to reiterate to Your Excellency President Lai, the Taiwanese people, and the world that under my government, Marshall Islands will continue to acknowledge Taiwan’s contribution on the global stage and urge like-minded countries to advocate for Taiwan’s meaningful engagement in the international arena. In closing, may I once again extend our sincere appreciation to Your Excellency President Lai, the people and government of the Republic of China (Taiwan), for your warm welcome.  Also in attendance at the welcome ceremony were Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands, Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Temenos named best-selling core banking provider for 20th consecutive year by IBS Intelligence

    Source: GlobeNewswire (MIL-OSI)

    GRAND-LANCY, Switzerland, June 13, 2025 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN), a global leader in banking technology, today announced it has been recognized as the #1 best-selling software provider in 13 categories in the IBSi Sales League Table (SLT) 2025.

    Temenos ranked #1 for core banking for the 20th consecutive year, while also topping the table for categories covering digital, payments, wealth and Islamic banking. The results highlight the breadth of Temenos’ leadership as the banking technology provider of choice across multiple product segments.

    The IBS Intelligence Annual Sales League Table is an annual benchmarking exercise, which is now in its 24th year and is based on the number of new customer contracts signed in a calendar year. The SLT is recognized as the barometer for financial technology providers’ sales performance across the banking industry.

    Jean-Pierre Brulard, CEO, Temenos, said: “I’m delighted to see Temenos top the rankings in 13 different categories in the IBSi Sales League Table, highlighting the strength and breadth of our market-leading capabilities. Being named the number one core banking software provider globally for 20 years in a row reflects both our customer-centric focus and relentless investment in innovation. As we continue to lead banking forward with the launch of game-changing Generative and Agentic AI capabilities, the advanced functionality, agility and scalability of our solutions makes Temenos a compelling choice for banks of all sizes around the world.”

    Temenos ranked #1 In the IBSi SLT 2025 across the following 13 categories:

    • Universal Banking – Core
    • Digital Banking and Channels
    • Payments – Retail
    • Private Banking and Wealth Management
    • Risk Management
    • Treasury and Risk Management
    • Digital Only Banks
    • Datawarehouse & BI
    • Islamic Banking – Universal Banking – Core
    • Islamic Banking – Risk Management
    • Islamic Banking – Payments – Retail
    • Islamic Banking – Wholesale Banking Treasury
    • Islamic Banking – Digital Banking and Channels

    With its market-leading core banking suite and best-in-class modular solutions, Temenos offers financial institutions choice, flexibility and a proven path to banking modernization – underpinned with cloud-native architecture, and embedded AI. Trusted by over 950 core banking clients and over 650 digital clients around the world, Temenos software can be deployed on-premises, in the cloud, or as SaaS.

    Investing around 20% of revenues in R&D, Temenos continues to enhance its capabilities. Recent innovations include the launch of a Gen AI Copilot to help financial institutions design, launch, test and optimize financial products faster, as well as an FCM AI Agent that can help banks significantly reduce false positives in sanctions screening.

    Nikhil Gokhale, Director – Research & Digital Properties at IBS Intelligence, commented: “The 2025 edition of the IBSi Sales League Table reflects the growing maturity of digital transformation across the global banking industry. With sustained investment in modern core platforms, intelligent digital channels, and real-time payments, banks are clearly prioritizing agility, scale, and customer experience. Temenos has once again demonstrated exceptional global leadership, with standout performance in Core, Digital, Payments, and Risk. On behalf of IBSi, I extend my congratulations to the Temenos team for consistently being at the forefront of innovation and execution. The SLT continues to serve as a trusted benchmark for momentum in banking technology worldwide.”

    Recognition in the IBSi SLT is the latest industry accolade for Temenos, which was also named a Leader in the 2024 IDC MarketScapes for Digital Core Banking Platforms in North America, EMEA and Asia Pacific and in the Forrester Wave™: Digital Banking Processing Platforms, Q4 2024.

    The MIL Network –

  • MIL-OSI China: China’s VAT data reflects steady economic growth in May

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

    China’s value-added tax (VAT) invoice data released by the State Taxation Administration on Friday indicates that the Chinese economy had remained on a stable footing in May, with strong momentum in manufacturing, innovation and the private sector.

    Manufacturing remained a key economic stabilizer, accounting for 30.1 percent of total corporate sales in May. Sales in equipment manufacturing rose 7.5 percent year on year, with strong performances in the rail, ship, aviation and aerospace equipment, computer and telecom devices, and electrical machinery categories.

    High-tech industries continued to expand last month, with sales up 15 percent year on year. The core digital economy sector grew by 11.2 percent, while corporate spending on digital technologies increased 10.9 percent.

    Notably, sales of industrial and special-purpose robots surged 13.2 percent and 28.3 percent, respectively, underscoring progress in AI-driven manufacturing.

    Private businesses also saw robust growth, with sales rising 0.9 percentage points faster than the national average — accounting for 72.3 percent of total corporate sales.

    Meanwhile, growth in manufacturing and high-tech sectors involving private firms outpaced the overall industry by 1.3 and 0.7 percentage points, respectively, in May. 

    MIL OSI China News –

  • MIL-OSI China: Unlocking consumption key to sustaining China’s growth: World Bank

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

    Unleashing consumption potential will help sustain economic growth in China, according to a World Bank report published in Beijing on Friday.

    Policy support has helped boost China’s consumption and spurred a rise in home sales in major cities, with the economy maintaining growth momentum in early 2025, the report said.

    “Household consumption will be key to sustaining growth amid external and domestic economic challenges,” said Mara Warwick, World Bank division director for China, Mongolia and Korea.

    She said stronger social safety nets, especially for migrant and temporary workers, would encourage more spending by improving financial security and reducing the need for precautionary saving.

    By expanding public investment and providing targeted support to households, China’s proactive fiscal policy is expected to support China’s economic growth, the report stated.

    China’s infrastructure and manufacturing investment has responded strongly with faster increases to policy support, such as accelerated issuance and disbursement of government bonds, policy incentives for firms to upgrade equipment, and targeted support for priority sectors, it noted.

    China’s gross domestic product grew by 5.4 percent year on year in the first quarter of 2025, while retail sales of consumer goods, a major indicator of the country’s consumption strength, rose 4.7 percent year on year in the first four months of 2025, official data showed. 

    MIL OSI China News –

  • MIL-OSI Africa: Uganda: Speaker cautions accounting officers on public resources


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    The Speaker of Parliament, Anita Among, has called on accounting officers to ensure the prudent, efficient, and effective use of public resources in accordance the Public Finance Management Act, 2015.

    Speaker Among was speaking in Kololo where Parliament met to receive the national budget for the financial year 2025/2026 on Thursday, 12 June 2025.

    Among used the occasion to raise critical issues that emerged during Parliament’s budget scrutiny process and reaffirmed the House’s bipartisan commitment to national development.

    “Much as politics and contestation go hand in hand, when it comes to matters of national development, this Parliament puts Uganda first regardless of political affiliation,” she said.

    She emphasized several priority areas that require immediate attention such as strengthening oversight and implementation of wealth creation initiatives such as the Parish Development Model (PDM), Youth Livelihood Fund, Uganda Women Entrepreneurship Programme (UWEP), and Social Assistance Grant for Empowerment (SAGE).

    She also highlighted that enforcing implementation of high-impact projects under the fourth National Development Plan (NDP IV) to achieve the country’s strategic goals and enhancing budget discipline by compelling Accounting Officers to adhere strictly to approved budgets and work plans is crucial for Uganda’s progress.

    She established that there is a need to reduce supplementary budget requests by adhering to requirements of the Public Finance Management Act, which limits them to unavoidable, unforeseeable, and absorbable expenditures

    Among further noted that the FY2025/2026 budget was passed by Parliament on 15th May 2025, in compliance with Section 14 of the Public Finance Management Act and Parliament’s Rules of Procedure.

    She highlighted key milestones achieved in the budget process, including:

    ·         Approval of the National Budget Framework Paper (2025/2026 –2029/2030) on 30th January 2025.

    ·         Consideration of Ministerial Policy Statements between 9th and 16th April 2025.

    ·         Passage of seven revenue-related bills on 13th and 14th May 2025 to facilitate budget financing.

    She praised Parliament’s efficiency, attributing it to cooperation among the Legislature, Executive, Judiciary, and civil society.

    “Together, we met all legal and constitutional timelines and adequately scrutinized the budget,” she said.

    She urged continued civic engagement during the implementation and accountability phases, stressing the importance of public participation as a pillar of democracy and good governance.

    In a separate communication, the Speaker confirmed and named nine legislators who had switched from their original party.

    “We wish these Members well as they exercise their right to freedom of association, as enshrined in article 29 of the constitution,” she said.

    Distributed by APO Group on behalf of Parliament of the Republic of Uganda.

    MIL OSI Africa –

  • MIL-OSI Africa: Women Break Gender Barriers in Somalia’s Construction Industry


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    • Some women in Somalia have found work in its male-dominated construction industry, proving that skill, not gender, determines success.
    • Women employees want to become mentors and role models in their communities, inspiring others to pursue nontraditional work and to believe in their own potential.
    • World Bank support for an urban resilience project has helped elevate the livelihoods of 494,910 beneficiaries in some Somali cities and employed 583 women.

    In Somalia’s capital of Mogadishu, where the construction industry has long been dominated by men, two women are among those reshaping that narrative. Farhiya Abdikadir Mohamed and Halima Abukar have found jobs in road building through the World Bank-backed Somalia Urban Resilience Project – Phase II, also known as the Nagaad Project.

    The Nagaad Project has so far benefitted 494,910 people (49%) out of the one million project target through its investments in urban infrastructure in six Somali cities: Mogadishu, Garowe, Baidoa, Kismayo, Dhusamareeb and Beledweyne. Of those reached, 51% are women and 14% are Internally Displaced Persons (IDPs). The infrastructure they’ve been working on includes 34 km of roads—with integrated solar streetlights, sidewalks, roadside drainage, and greening—as well as a 145-meter bridge and 6 km of rehabilitated drainage. With works covering an additional 53 km of roads and 2 km of drainage ongoing across the six cities, the project is expected to reach an additional 700,000 upon completion – and to exceed its target of one million beneficiaries.

    Its municipal drought response has supported 1,056,397 Somalis, of whom 63% are women and 82% are IDPs. The project aims to improve local government capacity for service delivery and strengthen urban infrastructure and resilience against climate shocks, such as intense heat and flash floods.

    In a busy construction site in the Shangaani district of Mogadishu, the scent of asphalt lingers, heavy machinery rumbles, and workers move in synchronized precision. Among them, two figures stand out—not because they are out of place, but because they symbolize a long overdue change.

    Propelled by strength and need

    Farhiya and Halima, once hesitant to step into this male-dominated field, now walk with confidence among their colleagues, their safety vests gleaming like emblems of progress.

    For Farhiya, the idea of working in construction was once unthinkable. “I grew up in a society where women were expected to take on traditional roles, caregiving, teaching, or running small businesses,” she says. “I was always interested in how things were built and watched the men working on roads, wondering why women weren’t part of it.”

    Her opportunity came through the Nagaad recruitment drive. She was doubtful at first: She wondered if she could handle the physical labor and if the men would accept her. She pushed forward instead, convincing herself that if men could do it, she too could succeed.

    On the other hand, Halima, a mother of seven, was driven by necessity. She had worked as a tea seller, cleaner, and tailor, but none of those jobs brought financial stability. “When I heard about the opportunity to work in construction, I wasn’t sure I could do it,” she said. “But I had no other choice. My children needed me to be strong.”

    Both women faced immense challenges. The heat was unrelenting and the labor shattering. Yet, the heaviest burden was the resounding doubt of their male colleagues. “The first time I picked up a shovel, some men laughed,” Halima said. “They said I wouldn’t last a week!”

    Neither backed down, throwing themselves into their work with determination. Slowly, perceptions began to shift. The same men who had once doubted them started recognizing their skills. “They no longer see us as women trying to do a man’s job,” said Farhiya. “They see us as fellow workers.” Supported by the Nagaad Project, they received training in safety protocols, operating machinery, and laying asphalt.

    Mohamed Sheikh Ahmed, Community Engagement Specialist at the Banaadir Regional Administration’s Project Implementation Unit, witnessed their transformation firsthand. “Halima and Farhiya are among the hardest workers,” he stated. “They’ve proven that women can do this job just as well as men. This is not just about roads or employment, it’s about shifting mindsets and building a future where gender does not limit potential.”

    Personal and communal empowerment

    The change was more than professional, it was personal. “This job gave me independence,” said Farhiya. “I no longer rely on anyone for support. That alone is worth every challenge I have faced.” Halima’s life, too, has been transformed. She can now afford rent, food, and school fees for her children. “I don’t worry about how I’ll feed my kids,” she said. “This job gave me life and hope.”

    Both Halima and Farhiya now dream of jobs beyond their current roles. Halima wants to train and mentor other women, helping them build confidence and skills. Farhiya aspires to lead construction projects as a site supervisor and to be a role model. “I want to be an example to show that women can rise to the top in any field,” she declared.

    The most profound impact has been on their communities. “My neighbors used to say construction wasn’t for women,” Halima said. “Now, they ask me how to join!” They are mentoring others, encouraging young women to explore paths once considered off-limits. “There’s no such thing as ‘men’s work’ or ‘women’s work’,” she said. “If you have the skill and determination, you can do anything.”

    Their journey is far from over. As they stand on the newly constructed roads of Mogadishu, they know they have already started to pave the way for future generations of Somali women.

    Distributed by APO Group on behalf of The World Bank Group.

    MIL OSI Africa –

  • MIL-OSI Russia: Happy birthday to Sergey Chuev!

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    Immediately after Russia Day, the State University of Management celebrates the birthday of the adviser to the rector’s office of the State University of Management, head of the department of state and municipal administration, candidate of historical sciences, member of the Union of Writers of Russia and a true patriot, Sergei Chuev.

    Sergey Vladimirovich is known for his active work at the State University of Management and beyond. Thus, he spent the beginning of the summer in Blagoveshchensk, at the 10th International Public Writers’ and Publishing Forum. He barely had time to return when he took part in a round table discussion with the Chairman of the Presidential Council for the Development of Civil Society and Human Rights Valery Fadeyev on the topic of preparing a textbook on economics. The birthday boy does a lot to restore and popularize the rich history of our university, in particular, he contributed to the opening of a memorial exhibition in the Scientific Library of the State University of Management. He regularly participates in various conferences and forums as a speaker. He enthusiastically joins all projects dedicated to literature. He often appears as an expert political scientist on television. In general, he is an incredibly active employee – an example of an excellent leader at a university for the best managers in the country.

    For the greater benefit of our university and the country as a whole, we wish Sergei Chuev to continue his career in the same spirit, to successfully carry out all his projects and come up with new ones, to delight his colleagues with his easy sense of humor, to always be healthy and cheerful, and to look down on troubles in the literal and figurative sense of the word.

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

    MIL OSI Russia News –

  • MIL-OSI: Bpce: BPCE signs a Memorandum of Understanding to acquire novobanco, Portugal’s fourth-largest bank

    Source: GlobeNewswire (MIL-OSI)

    BPCE signs a Memorandum of Understanding to acquire novobanco, Portugal’s fourth-largest bank

    Paris, 06 13 2025

    Groupe BPCE, the second-largest bank in France1and the fourth-largest in Europe2, has signed a Memorandum of Understanding for the acquisition of a 75% equity interest in novobanco from the private equity firm Lone Star Funds. The transaction, representing a cash amount of approximately3€6.4bn (for 100% of the shares) and a multiple of around 9x annual earnings, is the biggest cross-border acquisition in the euro zone for more than 10 years.

    Following the creation of BPCE Equipment Solutions at the start of the year, this project marks a new key stage in the execution of the “Vision 2030” strategic plan, geared to developing and diversifying BPCE in France, Europe and the wider world. On completion of the transaction, Portugal would become the Group’s second-largest domestic retail market.

    Novobanco, a solid player in Portugal demonstrating exemplary growth in recent years

    Novobanco, Portugal’s fourth-largest bank4, has built up a solid franchise and holds market shares of c.9% with individual customers and c.14% with corporate clients. It has 1.7 million individual customers and manages a €17bn corporate loan book. With its 4,200 employees, novobanco operates through some 290 branches and an extensive network of external partners, while also offering a rich customer experience through its digital channels.

    In recent years, novobanco has become one of the most profitable banks in Europe, posting a cost-income ratio under 35% and a return on tangible equity (RoTE) exceeding 20%5. These results have been underpinned by the quality of novobanco’s teams, together with the engagement of its shareholders for the last eight years.

    BPCE, lasting engagement in Portugal, focused on financing the economy

    BPCE currently employs over 3,000 staff in Portugal, a figure testifying to its lasting engagement with the country. Since 2017, the opening of a multi-business center of expertise in Porto has deepened its local ties.

    By welcoming novobanco into the Group, alongside the Banque Populaire and Caisse d’Epargne banking networks, which already serve the French economy, BPCE would further strengthen its role as an important development partner for the Portuguese economy, recognized for its solid fundamentals and resilience. Through the transaction, BPCE intends to facilitate financing for local companies and individuals’ projects, while also expanding the range of services offered to Portuguese customers. BPCE will leverage all of its expertise to strengthen value creation in close collaboration with novobanco.

    Execution of the “Vision 2030” strategic plan

    The acquisition of novobanco would help diversify BPCE in two respects: geographically, via access to a dynamic economy, and in balance sheet terms, by increasing the proportion of variable rate loans on its balance sheet, thus improving its revenue profile. The acquisition would be a growth driver for the whole Group. It is perfectly consistent with BPCE’s “Vision 2030” strategy, underlining the Group’s determination to expand in France, Europe and the wider world through strategic investments that create lasting value. The transaction marks a new key stage in the Group’s European-scale growth, following the creation of BPCE Equipment Solutions in February 2025 and the ongoing project to create the leading European asset manager in partnership with Generali. On completion of the transaction, Groupe BPCE’s CET1 ratio would remain above 15%.

    Timing of the transaction

    BPCE is engaging in discussions with the Portuguese government and the Portuguese Banking Resolution Fund with a view to acquiring their equity interests in novobanco (11.5% and 13.5%, respectively), on identical terms.

    BPCE will proceed with the necessary consultations with employee representative bodies in order to sign the acquisition contract. The project is projected for completion in the first half of 2026.

    For Nicolas Namias, CEO of BPCE

    “BPCE is pleased to announce today the project to acquire novobanco in Portugal. Holding market shares of c.9% with individual customers and c.14% with corporate clients, novobanco possesses excellent fundamentals, strong growth potential and an already high level of profitability. Major player in local banking in France thanks to the Banque Populaire and Caisse d’Epargne banking networks, BPCE would become a retail banking player in Europe with the acquisition of novobanco and would actively participate in financing the Portuguese economy.

    A few months after the creation of BPCE Equipment Solutions, the projected transaction marks a new key stage in the execution of our Vision 2030 strategic plan, announced close to a year ago.

    The financial terms of the transaction reflect a disciplined and stringent valuation approach, as well as our confidence in novobanco’s ability to create value over time.

    BPCE’s executive managers and employees are all particularly enthusiastic about the prospect of welcoming novobanco, its management and its 4,200 employees, in order to write a new chapter of growth, innovation and performance in Europe together”. 

    About Groupe BPCE

    Groupe BPCE is the second-largest banking group in France and the fourth-largest in the euro zone in terms of capital. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group’s financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody’s (A1, stable outlook), Standard & Poor’s (A+, stable outlook), Fitch (A+, stable outlook) and R&I (A+, stable outlook).

    1 Ranking based on market share of outstanding loans for all non-financial customer segments (Banque de France 3Q24)
    2 Ranking in terms of capital (€73bn for BPCE)
        3 Estimated consideration as of December 2025
    4 Ranking in terms of balance-sheet size at end-2024
    5 In first-quarter 2025

    Attachment

    The MIL Network –

  • MIL-OSI Economics: Yannis Stournaras: Central banks – opportunities and implications posed by artificial intelligence

    Source: Bank for International Settlements

    Introduction

    Many thanks to the conference organisers for inviting me to be here today. It’s a privilege to be part of this dialogue that is helping to shape the digital era.

    Central banks may seem far removed from your world-but we share an important feature: all of us are engaged in understanding complexity, managing uncertainty, and preparing for the future.

    Today, I would like to discuss how central banks can harness the transformative potential of artificial intelligence (AI) in their mission to safeguard monetary and financial stability. My remarks will unfold along three dimensions, focusing on several important issues, but without being exhaustive.

    • First, on the ways that AI intersects with our monetary policy strategy at the European Central Bank (ECB).
    • Second, on the opportunities AI offers to central banks for efficiency gains in areas such as communication and economic analysis.
    • Third, on the implications posed by AI for price stability, monetary policy transmission and financial stability.

    Intersections of monetary policy strategy with AI

    So, let me briefly discuss the ways that AI intersects with our monetary policy strategy.

    When the ECB Governing Council embarked on its strategy review last year, we made it clear that price stability remains our objective. We also decided to keep the symmetric, 2% inflation target unchanged.

    The clarity which that objective provides, and our success in achieving that objective, have provided the ECB with credibility, which was essential in keeping inflation expectations anchored around the 2 per cent level during the recent inflation surge.

    Although our updated strategy is only expected to be concluded and announced later this year, the following is important.

    When the review was initiated, no one could have possibly foreseen the tectonic eruptions to the geopolitical landscape that ensued.

    These developments have only reinforced the importance of the review and the need to ensure that our policies will remain fit for a rapidly evolving world — a world that is now being shaped by geopolitical tensions, trade disruptions, ongoing climate change, and rapid advances in artificial intelligence.

    In such a world, central banks need to be able to respond with agility, which is undoubtedly a guiding virtue for everyone in this room.

    We have to deliver a strategy that is not only robust but also flexible: one that allows adjustments to the monetary policy stance and our toolkit in response to shocks and provides a foundation that can guide the Governing Council in navigating through challenges in the years to come.

    In today’s fast-moving environment-where inflation dynamics can shift rapidly, financial conditions are increasingly volatile and uncertainty is ever-present-we need to improve our ability to communicate, assess economic developments in real time and make more accurate projections of the outlook to guide our monetary policy making.

    This is where AI begins to play a potentially transformative role. In the following, I will focus on the opportunities provided by AI in core central banking fields, namely communication and economic analysis.

    Opportunity to enhance communication

    I start with communication.

    Central banks have come a long way in their communication strategies. As you may know, it was not always the case that the words “central bank” and “communication” could even stand together in the same sentence.

    In the 1960s and 1970s, the conventional wisdom among central bankers was: “the less said, the better.” The aim was often to surprise markets with the announcement of their policy decisions. Significant policy decisions were sometimes made without immediate public disclosure, and the rationale behind them was not always transparently communicated. The language used would often make the oracles of Delphi seem crystal clear.

    Alan Greenspan once captured this perfectly when he said, “if I seem unduly clear to you, you must have misunderstood what I said.”

    Things began to change in the 1980s and 1990s. Two factors, in particular, helped bring about this change.

    The first factor was credibility. As more and more central banks adopted inflation targeting frameworks, they realized that to achieve their targets, they needed to control inflation expectations. In other words, they needed to be credible.

    The second factor was independence. As central banks achieved independence from politicians, they also had to communicate in a transparent way with the public to help build trust, and safeguard accountability.

    An important corollary of the improved communication is that it has increased the effectiveness of monetary policy transmission.

    The previous ECB strategy review in 2021 consolidated this finding, while also calling for central banks in the euro area to use simpler and engaging language to directly access a broader audience.

    More recently, efforts are being made to exploit AI for the benefit of our communication processes, to enhance transparency, foster trust, and ensure that our monetary policy reaction function is clearly understood, thereby supporting the anchoring of inflation expectations.

    An important application involves the sentiment analysis of official publications, such as monetary policy statements, speeches, and press releases. For example, using Large Language Models (LLMs) the impact of ECB statements on financial markets1 can be explored. This kind of work helps understand how the language in communications shapes market expectations for inflation and interest rates.

    AI models can be trained on financial and policy-specific issues to detect subtle shifts in tone – such as whether a message appears more hawkish (in favour of tighter monetary policy) or dovish (in favour of looser monetary policy) – before publication. This allows communications teams to adjust language in order to ensure it aligns with the intended policy signal, minimising the risk of misinterpretation by the markets that could trigger undue volatility.

    AI can also play a growing role in the crafting and refining of speeches by policy makers. LLMs can support a consistent voice in communication, while also tailoring the tone and content to specific audiences – be it financial market analysts, other expert audiences, or the wider public.

    Moreover, AI supports a wide range of multilingual and accessibility needs. Machine translation models – fine-tuned for economic and legal language – help ensure timely publication of central bank materials across multiple official languages, a feature very useful to the European System of Central Banks which speaks all 24 official languages of the EU.

    Recourse to AI for communication purposes, however, necessitates caution. Over-reliance on AI in crafting and interpreting central bank communications could create an “echo chamber.” This would occur when AI tools respond to, and amplify, each other’s outputs, leading to overly uniform narratives and repetitive signals, that may distort the policymakers’ message. This is a clear case that illustrates the need for human oversight in overviewing processes to ensure that communication stays varied, accurate, and relevant.

    Opportunity to improve central bank economic analysis and decision making

    Another area that AI is poised to enhance is economic analysis. Following the AI revolution, we have started to build expertise in incorporating AI and non-traditional data in our analytical tools. These tools are rapidly being applied in the economic analyses that inform our monetary policy decisions.

    A question however arises: Is the use of AI in this context a hype? Or could it mark a methodological revolution that will help us better pursue our mandate? I believe that there are unique opportunities but also several challenges.

    First, central banks rely heavily on economic data to make informed decisions on monetary policy. Traditional statistical methods may not be sufficient to apprehend the complexity of the current uncertain environment. The use of LLMs can deliver enhanced data processing and analysis of unstructured data sets of textual data (like news articles or social media). This enables us to access new and non-traditional data sources, that could provide useful insights into our policies.

    Furthermore, machine learning (ML) models can quickly detect patterns, trends, and potential risks that might not be visible using traditional methods. Thus, we could identify structural breaks and patterns that would otherwise be difficult to detect.

    These tools can also help identify non-linear relationships. This is particularly important in a complex environment, since capturing non-linearities in the data is essential to understanding how the economy will evolve under stress and how seemingly small disturbances could lead to large-scale economic disruptions.

    In addition, by processing real-time data, AI can provide timely insights and rigorous analysis, allowing central banks more flexibility in decision making. This is valuable in a world prone to shocks and in times of pervasive uncertainty.

    There is also a possibility that these tools will be useful in the prediction of turning points in the business cycle and of tail events, such as fiscal crises.

    Finally, AI could improve forecasting and nowcasting inflation and economic activity. The Eurosystem already uses AI to improve its forecasting processes. For example, ML techniques are applied in inflation forecasting2 or in nowcasting global trade3. Moreover, short-term forecasts of economic activity are informed by sentiment indicators derived from the textual analysis of news, using LLMs4. Research5 at the Bank of Greece has produced forecasting models of inflation based on textual indicators of supply and demand disturbances in commodity markets. With the help of AI tools, these indicators can be updated on a daily basis and thus help predict inflation more accurately. This research has found that out-of-sample inflation forecast errors are reduced by up to 30 per cent.

    Still, there are several challenges.

    First, AI models are often complex and opaque, lacking transparency. Being like a “black box”, they are – at least for the time being – difficult to reconcile with the principles of transparency and accountability of central banks.

    Second, AI models (usually LLMs) could occasionally provide inaccurate or misleading information, raising practical, reputational and legal concerns. Therefore, human supervision is of the essence, especially in processes that require rational reasoning.

    Third, the quality of non-traditional data is often poor and the process of reconciling these data with our existing data sources is demanding. In a similar vein, the use of AI should not create an over-reliance on machine-driven outcomes.

    Overall, I believe that AI is a potent technology which has already brought about tectonic shifts in economic analysis. Its potential is still unfolding, and the benefits it offers are only beginning to be realised. The cutting-edge research promoted at this conference marks a point of methodological revolution. I believe that such research will fundamentally transform the way we understand economic dynamics and will ultimately enable us to make better-informed decisions.

    While AI opens unique opportunities for central banks in the pursuit of their mandate, it also brings a number of emerging implications that we must carefully consider. I’d like to share what I see as some of the most significant.

    Implications on productivity, employment, inflation

    Let me start with the effects on the macroeconomic outlook.

    AI has strong potential to raise productivity, both through its direct impact on total factor productivity, but also through improvements of efficiency on individual firm level. However, the aggregate effects remain uncertain and vary widely across studies6.

    One reason is that a disproportionate share of the benefits generated by AI may be concentrated in a small number of highly advanced firms, particularly large technology companies with the resources and infrastructure to develop and deploy cutting-edge AI tools.

    This concentration poses a risk: while AI can deliver substantial productivity benefits at the enterprise level, these gains may not necessarily translate into broad-based growth in aggregate productivity, unless mechanisms are in place to ensure that the diffusion of AI is wide across sectors, firms and countries.

    In a similar vein, the potential impact of AI on employment is difficult to estimate. On the one hand, it can automate routine, lower-skilled tasks – potentially displacing workers. On the other hand, AI can create new opportunities by increasing labour demand for non-automated tasks, as well as giving rise to new types of jobs. To maximise the favourable effects of AI on employment and to mitigate risks such as labour market inequality, reskilling the workforce with AI-complementary skills will be essential.

    Turning to prices, the impact of AI on inflation could go in both directions. Increased global demand for energy – driven by the computational intensity of AI technologies – could raise energy prices. According to the IMF7, electricity used by data centres alone, is already as much as that of Germany or France, and by 2030 would be comparable to that of India which is the world’s third largest electricity user. At the same time, AI can also contribute to more efficient energy use and improved grid management, potentially lowering costs.

    Moreover, AI-induced productivity improvements might help offset labour shortages, especially in times of low unemployment and ageing population. This could lead to a decline in unit labour costs, exerting thus downward price pressures. However, the overall impact of AI on employment and wage growth is difficult to predict.

    Expectations also play a central role in the price formation process. If consumers fully anticipate future benefits from AI (such as better products, lower costs, or higher wages), they may bring forward consumption in the short term, creating inflationary pressures. However, if expectations are only regressively formed, disinflationary forces may dominate in the near term due to delayed consumption and investment.

    Implications for monetary policy transmission

    The transmission of monetary policy to the economy, and thus monetary policy making are significantly impacted by AI.

    As I already noted, AI is expected to bring about distributional shifts in income and wealth. These shifts matter for monetary policy, since they influence households’ marginal propensity to consume and their access to credit.

    Should AI disproportionally raise the income share of lower-income households – with a higher marginal propensity to consume and greater credit constraints – the transmission of monetary policy could be strengthened. In contrast, if the gains accrue mainly to higher-income, more skilled households – who have lower marginal propensity to consume and are less responsive to interest rate changes — then monetary policy transmission may weaken.

    AI is also affecting how firms set prices. Companies that are more digitalised and employ algorithmic pricing tools can adjust prices more frequently and with greater precision in response to economic shocks. Higher price flexibility could induce – all else equal, a more efficient real economy.

    At the same time, ML tools enable firms to personalise prices and introduce heterogeneity, which is likely to weaken the link between monetary policy measures and prices, although AI could provide tools that enhance price transparency and improve consumers’ ability to compare prices. There is also the risk that algorithmic pricing could lead to tacit collusion among firms and greater market power, undermining the effectiveness of monetary policy in controlling inflation.

    Finally, AI may influence wage-setting dynamics. If the presence of automation erodes workers’ bargaining power, wage responsiveness to changes in unemployment could be reduced. This would weaken the sensitivity of inflation to shifts in monetary policy and complicate central banks’ ability to steer inflation effectively.

    Implications for financial stability

    Turning now to financial stability, the implications of AI technologies are complex and multifaceted.

    On the one hand, AI offers powerful tools to enhance financial institutions’ capabilities in risk assessment, liquidity management and strategic decision making. On the other hand, AI can exacerbate existing vulnerabilities and create new ones.

    For example, generative AI could be deliberately misused – such as through the creation of deepfakes or fabricated statements – potentially aimed at manipulating sentiment or triggering market stress.

    There is also the risk of herding behavior. As more institutions adopt similar AI models, the likelihood of systemic stress increases. What may initially appear as isolated, micro-level risk could rapidly escalate via AI and pose serious threats to financial stability.

    If financial institutions, market participants or the public at large base their key decisions on such inputs, without adequate human verification, we may witness situations of disorderly market volatility. Overreliance to a limited number of AI providers could further raise operational risks and adversely affect the resilience of the financial sector.

    Therefore, it is critical that these tools are deployed with caution. Sound governance, robust regulatory oversight, and adequate safeguards will be essential to ensuring that AI acts as a tool for strength, rather than a source of systemic risk.

    Conclusion

    To conclude, the core task of central banks remains safeguarding price and financial stability, and AI poses unprecedented opportunities but also considerable challenges.

    From enhancing communication and improving economic analysis, to reshaping the channels through which monetary policy and the financial system operate, AI is already redefining the way we pursue our tasks.

    As I have outlined today, AI can make central banks more agile, more transparent, and more effective. But its use also demands flexibility – not only in the tools we use, but in the way we think, plan and make decisions. In a world of growing complexity and rapid technological change, we must ensure that innovation goes hand in hand with responsibility, transparency, and trust.

    This calls for thoughtful integration, not blind adoption. As we integrate AI into our policymaking, we must ensure that human judgment and critical thinking remain central to our decisions. AI should serve as a tool to enhance – not replace – our responsibility to make sound, efficient policy choices in the interest of our citizens.

    The euro area faces a dual challenge: harnessing the opportunities that artificial intelligence presents while actively addressing its broader implications.

    To rise to this challenge, it is vital that we craft a comprehensive European AI strategy. To improve the environment for AI innovation and diffusion of new technologies, our strategy has to rest on three pillars: funding, regulation and energy.

    Developing and scaling AI requires substantial investment, particularly in digital infrastructure. There is broad consensus on the importance of building a savings and investment union to jump-start European projects on innovation, including AI.

    Complementary efforts to equip people with the skills they need to thrive in an AI-driven economy and to mitigate the risk of widening inequality are also of high importance.

    In addition, regulatory burdens and weak institutional quality can significantly hold back the expansion of high-tech sectors. That’s why we need simple but efficient regulation, while ensuring protection of personal data and strong institutions to defend AI-generated innovation.

    Energy, too, is a critical piece of the puzzle. AI diffusion across the economy will place greater demands on Europe’s energy infrastructure. Addressing supply constraints now is essential to ensuring that AI adoption is sustainable in the long run.

    All these considerations need to be taken into account when assessing challenges and opportunities arising from this very innovative technology. The successful adoption of AI requires a flexible adjustment in a constantly evolving environment. Therefore, we need to commence our journey on that potentially wonderful vessel with urgency but also with careful consideration, towards a new shore.

    I am confident that the insights shared at this conference, and the research being pursued by many of you in this room, will be instrumental in guiding us forward.

    Thank you.

    MIL OSI Economics –

  • MIL-OSI Africa: Committee on Planning, Monitoring and Evaluation Adopts Budget Vote Reports


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    The Portfolio Committee on Planning Monitoring and Evaluation adopted its budget vote for the Department of Planning, Monitoring and Evaluation (DPME), Statistics South Africa (Stats SA), and Brand South Africa for the 2025/26 financial year.

    The Chairperson of the committee, Ms Teliswa Mgweba, said the committee focussed on the alignment of the budgets with the government’s strategic priorities as outlined in the State of the Nation Address and the Medium-Term Development Plan (MTDP) 2024-2029.

    The DPME has been allocated R509.1 million for the 2025/26 financial year. The budget supports five key outcomes, including improved governance, better utilisation of evidence in decision-making and increased stakeholder engagement.

    Ms Mgweba said the committee is concerned about the absence of a legislative framework clearly defining the DPME’s mandate. The committee urged the department to develop this framework to clarify its functions and improve intergovernmental relations. Furthermore, the committee highlighted the need for a robust oversight model to ensure compliance among national departments. The DPME must establish clear criteria for assessing the viability of action plans submitted by other departments.

    In the case of STATS SA, the department has been allocated a budget of R2.77 billion for the 2025/26 financial year. The department aims to protect the quality of statistical information, implement a continuous population survey and modernise its business operating model. The committee recognises the importance of leveraging technology and alternative data sources to enhance statistical outputs.

    The committee expressed its discomfort with the high vacancy rate within Stats SA which is a challenge. The committee calls for a strategic plan to address staffing needs to ensure inclusivity and representation of individuals with disabilities and women. Furthermore, the committee is concerned about the adequacy of data collection methods and emphasised the need for improved accuracy and granularity in the data produced, particularly concerning marginalised groups.

    Brand South Africa has been allocated a budget of R235.2 million for the 2025/26 financial year. This budget is vital for managing South Africa’s national brand and improving the country’s global reputation. The committee has emphasised the need for collaboration with public and private sectors to ensure a unified message about South Africa’s identity and values.

    The implementation of a digital transformation strategy is crucial for enhancing data-driven decision-making and operational efficiencies. The committee encourages Brand South Africa to leverage research and analytics to inform communication strategies.

    The committee will continue to monitor the implementation of these budgets closely and engage with relevant stakeholders to ensure alignment with national priorities. The three reports were adopted with recommendations and amendments.

    Distributed by APO Group on behalf of Republic of South Africa: The Parliament.

    MIL OSI Africa –

  • MIL-OSI Africa: Uganda: Govt Unveils Shs72.3 Trillion Budget to Drive Full Monetisation of Economy


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    The Ministry of Finance Planning and Economic Development has unveiled a Shs72.136 trillion national budget for the 2025/2026 financial year, setting its sights on transforming every corner of the country into a hub of commercial activity.

    Presented by Finance Minister Matia Kasaija at the Kololo Ceremonial Grounds on Thursday, 12 June, 2025, the budget signals a strong shift towards full monetisation of Uganda’s economy, underpinned by commercial agriculture, industrialisation, digital transformation, and expanded access to markets.

    Speaking against the backdrop of a rapidly growing economy, Kasaija painted a picture of a Uganda ready to transition from resilience to acceleration.

    “The budget for next financial year, and over the medium term, is focused on people and wealth creation,” he said.

    Consequently, the theme of the financial year 2025/26 is: “Full Monetisation of Uganda’s Economy through Commercial Agriculture, Industrialisation, Expanding and Broadening Services, Digital Transformation and Market Access.’”

    The Shs72.3 trillion resource envelope represents one of the largest in Uganda’s history, with domestic revenue expected to contribute Shs37.2 trillion, roughly 60 percent of the total. The rest will be financed through borrowing and grants. The budget deficit is estimated at 7.6 percent of GDP.

    But Kasaija reassured Ugandans, stating that the government had a clear strategy to enhance domestic revenue mobilisation, widen the tax base, and strengthen tax administration.

    “Government plans to collect Shs37.2 trillion in domestic revenue next financial year,” he said, adding that focus would be placed on tackling smuggling, corruption at Uganda Revenue Authority (URA), and leveraging digital tools like the Electronic Fiscal Receipting and Invoicing System to plug leakages.

    Priority sectors such as health, education, agriculture, infrastructure, and tourism received large shares of the allocation.

    Healthcare emerged as a major beneficiary, with Shs5.87 trillion earmarked for next year. Kasaija detailed plans to functionalise Health Centre IVs, scale up e-health systems, and expand emergency medical services. He said the government had already delivered 20 digital X-ray machines and installed CT scanners in 14 out of 16 regional referral hospitals.

    “We are strengthening the National Ambulance and Emergency Care System,” he added.

    In education, the Minister allocated Shs5.04 trillion to support Universal Primary and Secondary Education, student loans, the construction of new seed schools, and improvements in teacher recruitment and digital inspections.

    Kasaija also confirmed the upcoming operationalisation of Bunyoro and Busoga universities, as well as continued investment in sports infrastructure ahead of African Champions Cup (CHAN) and African Cup of Nation (AFCON 2027).

    “In order to improve compliance with quality standards, Government digitised school inspections in all public schools and TVET institutions,” he said.

    Wealth creation programmes, a lifeline for millions of Ugandans received renewed commitment, with Shs2.43 trillion directed towards the Parish Development Model (PDM), Emyooga, the Uganda Development Bank (UDB), and other grassroots economic empowerment initiatives.

    Kasaija said the PDM alone would receive Shs .059 trillion in FY2025/2026, ensuring every parish continues to receive Shs100 million annually.

    “These investments are changing the lives of Ugandans by boosting household incomes, enhancing food security and creating employment opportunities,” he noted.

    He revealed that over 2.6 million Ugandans have already benefited from PDM funds, with investments spanning food crops, livestock, poultry, and microenterprises. To enhance efficiency and eliminate corruption, PDM operations have been fully digitised, using systems such as the WENDI and ZAIDI apps.

    On the industrial and agricultural front, the government committed Shs1.86 trillion to agro-industrialisation. This includes funding for agricultural research, irrigation schemes, fertilisers, extension services, and value addition. Kasaija highlighted the completion of 145 solar-powered irrigation schemes and the ongoing construction of 157 more.

    He singled out the Agricultural Credit Facility, now worth over Shs1 trillion in disbursements, as a key driver of agricultural transformation.

    “I have provided additional capital of Shs50 billion to the Agricultural Credit Facility next financial year, in addition to insurance that benefits all farmers including PDM beneficiaries.”

    Uganda’s industrial and energy ambitions were also prominently featured, with Kasaija announcing an allocation of Shs875.8 billion for mineral-based industrial development and oil and gas. The East African Crude Oil Pipeline is now 58 percent complete, and an agreement has been signed for the construction of a 60,000-barrel-per-day oil refinery. Once oil production starts in 2026, government expects annual revenues of US$1 to 2.5 billion.

    “Uganda currently saves up to US$72.8 million annually on fuel imports,” Kasaija said, citing the impact of the Uganda National Oil Company’s direct importation of petroleum products, which eliminated middlemen and reduced speculative pricing.

    Tourism, another pillar of the economy, was allocated Shs430 billion, with an additional Shs2.2 trillion indirectly supporting tourism infrastructure such as roads, ICT, and security.

    The government aims to position Uganda as a competitive MICE (Meetings, Incentives, Conferences, and Exhibitions) destination in Africa, following recent successes. “Uganda now ranks 7th in Africa in MICE tourism,” Kasaija stated.

    Even as he celebrated Uganda’s achievements, such as coffee exports surging past US$1.83 billion and tourism earnings reaching US$1.52 billion, Kasaija called on Ugandans to embrace value addition and export diversification.

    “While it took the country more than a century to reach US$1 billion in annual coffee export earnings, it has taken just one year to double these earnings,” he said. “I therefore implore Ugandans to grow more coffee and, most importantly, add value to our coffee before we export it.”

    AUDIO: Minister Kasaija

    Kasaija expressed confidence in the direction the country is taking. With projected economic growth of 7 percent in FY2025/2026 and a GDP per capita increase to US$1,324, Uganda is moving steadily towards middle-income status.

    “The necessary foundation has already been established, the speed of economic transformation is destined to be faster in the medium term.” Kasaija concluded.

    Distributed by APO Group on behalf of Parliament of the Republic of Uganda.

    MIL OSI Africa –

  • Kohli-backed World Bowling League to roll out next year

    Source: Government of India

    Source: Government of India (4)

    The first edition of the World Bowling League (WBL), backed by celebrity cricketer Virat Kohli and baseball star Mookie Betts, will roll out with six franchises competing in iconic locations early next year, league chief Adi K. Mishra told Reuters.

    The WBL is looking to transform a pastime for millions around the world into a cutting edge, made-for-TV experience via a heady mix of celebrity franchise owners, exotic locations and technological innovation.

    “It’s an incredible sport which just hasn’t been structured correctly for the past 50-60 years and everyone just dismisses it as a recreational activity,” Mishra, the founder and CEO of sports tech firm League Sports Co, said in a video call from the United States.

    “We are going to launch with six franchises in the first quarter of next year. It’s going to be a team of four – two male and two female bowlers.”

    Mishra did not go into detail about the format but said professional bowlers would compete in the core sport while celebrities would take part in auxiliary events, with teams collecting points throughout the season.

    With its origins in ancient Egypt, bowling’s heyday in the United States was in the 1960s and 70s when every town and suburb had its own alley.

    Even today, some 200 million people put on flat-soled shoes and take to the lanes every year, including 75 million in the U.S., Mishra said.

    The WBL is by no means the first attempt to create a professional circuit in the Tenpin game, and American Don ‘Mr Bowling’ Carter was the first athlete in any sport to ink a $1 million sponsorship deal back in 1964.

    What separates the WBL from previous attempts, Mishra says, is its global reach – the league is in the advanced stage of finalising franchises in Japan, South Korea, Singapore and India – and the ambitious vision.

    “Our first fundamental premise was – how can we take this and make this an aspirational product?” Mishra added.

    “We want to take two lanes and put them in iconic locations around the world – Hudson Yards in New York, Marina Bay Sands in Singapore, a variety of different locations in Dubai and India.”

    TAILOR-MADE FOR TV

    Los Angeles Dodgers shortstop Betts bought the first announced franchise in May and the WBL pulled off another marketing coup when Kohli came on board as a strategic investor last month.

    Mishra did not provide financial details of Bett’s purchase but said negotiations on the sale of the remaining franchises were in the final stages.

    The league plans to simplify scoring, gather a host of celebrity and corporate backers, and use ball-tracking and other technology to create a product that works on television and digital platforms.

    Weaving complimentary programming featuring celebrity bowlers like Betts and Kohli around the core sport would make it an irresistible proposition for broadcasters, said Mishra.

    “We already have many broadcasters lined up and a lot of them think this sport, the way we’ve designed it, can fit into their ultra-premium segment.

    “A lot of them believe they can bring in other influencers and celebrities, who come in and bowl as well. So there’s a lot of ‘shoulder programming’ that you can create with the sport, which is not possible with a lot of other sports.”

    Mishra and Kohli know each other through their joint ownership of a team in the E1 electric powerboat world championship, and the cricketer’s fondness for bowling came as a pleasant surprise as the WBL was being in the planning stage.

    “Over the years, I’ve met a lot of celebs who happen to be closet bowlers,” Mishra said.

    “We were speaking about various things about the team and it turned out that he has been bowling and watching it since he was 11-12.

    “That was a big surprise for me and we wanted him to be part of this. Hopefully we’ll get him to bowl when he has more time for it.”

    (Reuters)