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Category: Finance

  • MIL-OSI Africa: Ghana Accelerates Efforts to Boost Intra-African Trade

    Ghana is fast-tracking the implementation of the African Continental Free Trade Area (AfCFTA) to unlock new opportunities for Ghanaian businesses across Africa by moving beyond commodity-based trade towards value addition for its traditional exports such as gold, oil and cocoa. 

    Speaking during the Ghana Intra-African Trade Fair (IATF) 2025 Business Roadshow, Ghana’s Minister for Trade, Agribusiness, and Industry, Hon. Elizabeth Ofosu-Adjare highlighted the government’s commitment to creating an enabling environment for businesses to thrive under AfCFTA by improving trade infrastructure, financing and market access. 

    “Under our Market Expansion Programme, the National AfCFTA Coordination Office is providing firm-level support to over 2,000 MSMEs in Ghana. This includes sensitization, market readiness training programmes, training on AfCFTA’s Rules of Origin, trade finance and market access initiatives. Ghana has also conducted targeted trade expeditions to East Africa, taking Ghanaian businesses to Kenya, Tanzania and Rwanda to explore real-time opportunities and negotiate supply contracts,” the Minister said in a speech read on her behalf by the Acting National Coordinator, National AfCFTA Coordination Office, Benjamin Kwaku Asiam. 

    The Ghana IATF2025 Business Roadshow brought together government officials, the trade community, including businesses and investors, and executives from the African Export-Import Bank (Afreximbank). The event focused on promoting intra-African trade under the theme: Harnessing Regional and Continental Value Chains: Accelerating Africa’s Industrialisation and Global Competitiveness through AfCFTA. 

    The Business Roadshow is one of five planned in Accra, Nairobi, Johannesburg, Lagos, and Algiers ahead of the fourth edition of the biennial Intra-African Trade Fair 2025 (IATF2025), scheduled to take place in Algiers, Algeria, from 4 – 10 September 2025. IATF is Africa’s premier trade and investment event, held by Afreximbank, in collaboration with the African Union Commission and the AfCFTA Secretariat, and provides a platform for businesses to showcase their goods and exchange trade and investment information within the continent’s single market. 

    In his keynote address, the Secretary General of the AfCFTA Secretariat, H.E. Wamkele Mene noted that the IATF offers an unparalleled platform for the exchange of trade and investment information; and is a marketplace of ideas, opportunities, and partnerships.  

    “As we work to scale up intra-African trade, build regional value chains, and accelerate industrialisation, IATF serves as a key platform for connecting African businesses, investors, governments, and innovators. It is a catalyst for turning the promise of AfCFTA into concrete outcomes: trade deals signed, investments mobilised, and jobs created. By establishing a large, integrated market, AfCFTA encourages countries to specialize and add value to products, attracting investment and creating jobs,” H.E. Mene said, adding that this supports economic diversification, poverty reduction, and Africa’s vision for sustainable and inclusive development. 

    Afreximbank’s Group Chief Economist & Managing Director, Research, Dr. Yemi Kale described IATF as AfCFTA’s commercial marketplace, which brings to life Africa’s efforts to trade more with itself not only in raw materials, but also in value-added goods, services, and innovations. 

    “One of the persistent barriers to intra-African trade is not tariffs or logistics alone—but also access to accurate, timely, and actionable market intelligence. Trade cannot flourish in the absence of information,” Dr Kale said, adding that IATF2025 provides a platform for addressing this. He invited Ghanaian businesses and government agencies to participate in IATF2025, where over 2,000 exhibitors from Africa and beyond will showcase their products to more than 35,000 visitors and buyers from over 140 countries, with trade and investment deals projected to exceed US$44 billion. 

    Cumulatively, IATF has attracted over 4,500 exhibitors, more than 70,000 visitors, and facilitated over US$100 billion in deals. The last edition held in Cairo attracted nearly 2,000 exhibitors from 65 countries generated US$43.7 billion in trade and investment deals. 

    The upcoming IATF2025 will be hosted by the Government of the People’s Democratic Republic of Algeria. Speaking at the Business Roadshow, Algeria’s Ambassador to Ghana, H.E. Mourad Louhaidia welcomed visitors and exhibitors to Algiers, pledging his government’s commitment to facilitate a successful IATF2025 by mobilising transport and hospitality infrastructure and facilitating smooth entry for all participants into the country. 

    “The Algerian embassy will fast track processing of visas for all participants from Ghana. We have set up a dedicated team at the embassy to handle all information requests and visa applications to participate in IATF2025,” H.E. Louhaidia added.  

    IATF2025 will feature a trade exhibition, the Creative Africa Nexus (CANEX) programme spotlighting cultural industries, a four-day Trade and Investment Forum, and the Africa Automotive Show. Special Days will highlight countries, public and private sector entities, tourism, cultural attractions, and Global Africa Day celebrating ties with the African diaspora. 

    Additional activities include business-to-business and business-to-government matchmaking, the AU Youth Start-Up programme, the Africa Research and Innovation Hub, and the African Sub-Sovereign Governments Network (AfSNET) to promote local trade and cultural exchanges. The IATF Virtual platform is also live, connecting exhibitors and visitors all year-round. 

    Ghanaian IATF Ambassador and Chairman, Oakwood Green Africa, Gabriel Edgal said: “Long before borders were drawn, Africa thrived as a connected economy. Trade was a way of life. Value was created locally. Progress moved through relationships and exchange. Across the world, we see increasing protectionism. Traditional aid partners are looking increasingly inward. The global economic tide is shifting, and everybody is focusing on themselves instead. I believe this is a wake-up call — that we need to now be more deliberate about trading among ourselves, to create interconnected prosperity, to trade among ourselves, build with ourselves, and grow for ourselves. It is time for action”. 

    Ghana has been recognized as a leading example in AfCFTA implementation, with the government actively facilitating private sector participation through the National Coordination Office and initiatives like the Guided Trade Initiative, which has seen Ghanaian companies successfully trade with neighbouring African countries 

    To participate in IATF2025 please visit www.IntrAfricanTradeFair.com.  

    Distributed by APO Group on behalf of Afreximbank.

    Media contact: 
    media@intrafricatradefair.com
     press@afreximbank.com

    About the Intra-African Trade Fair:
    Organised by the African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, the Intra-African Trade Fair (IATF) is intended to provide a unique platform for facilitating trade and investment information exchange in support of increased intra-African trade and investment, especially in the context of implementing the African Continental Free Trade Agreement (AfCFTA). IATF brings together continental and global players to showcase and exhibit their goods and services and to explore business and investment opportunities in the continent. It also provides a platform to share trade, investment and market information with stakeholders and allows participants to discuss and identify solutions to the challenges confronting intra-African trade and investment. In addition to African participants, the Trade Fair is also open to businesses and investors from non-African countries interested in doing business in Africa and in supporting the continent’s transformation through industrialisation and export development. 

    MIL OSI Africa –

  • MIL-OSI United Kingdom: GAD’s advice supports pensions announcements

    Source: United Kingdom – Executive Government & Departments

    News story

    GAD’s advice supports pensions announcements

    GAD advice and analysis supports a raft of new pension measures introduced by the Department for Work and Pensions.

    Credit: Shutterstock

    The government has recently published a range of pensions announcements which have been supported by advice and analysis from the Government Actuary’s Department (GAD). This includes the response to the consultation on options for Defined Benefit (DB) schemes and the subsequent publication of the Pension Schemes Bill.

    Options for Defined Benefit schemes

    On 29 May 2025 the government published its response to the consultation on Options for Defined Benefit schemes. This confirmed that it will be making changes to the rules on how surpluses are extracted from DB schemes, and that it is also continuing to consider a government consolidator for DB schemes run by the Pension Protection Fund.

    Pension Schemes Bill

    These measures on surplus extraction were included within the new Pension Schemes Bill which was published on 5 June 2025. This Bill introduced a range of measures across the pensions landscape, including a number of other areas where GAD has provided support as mentioned in separate news articles:

    Other announcements

    Additionally, the government made some other pensions-related announcements relating to issues where GAD has been advising:

    GAD support

    GAD has worked extensively with the Department for Work and Pensions (DWP) throughout the last year to support the work on these new announcements. This has included:

    • helping analyse the industry responses to the consultation
    • advising on the framework for withdrawing surplus from DB schemes
    • various aspects around establishing a government consolidator
    • issues around the Virgin Media judgment
    • supporting development of the Pension Schemes Bill

    We expect to continue working extensively with DWP in these areas over the year ahead, providing further analysis and modelling to help better understand the costs and benefits of the various proposals and the implications on DB schemes, employers and scheme members.

    Updates to this page

    Published 13 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Black box of crashed Air India plane found – local media

    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

    NEW DELHI, June 13 (Xinhua) — Aviation authorities have recovered one of the two black boxes from the Air India plane that crashed in the western Indian state of Gujarat, local newspaper Hindustan Times reported.

    The plane, bound for London, crashed shortly after takeoff from Ahmedabad International Airport on Thursday afternoon.

    “One of the two black boxes, located in the tail section of the plane, was found and placed under secure guard. The Main Directorate of Civil Aviation will take away equipment to analyze the recordings. The second black box, located in the front section of the plane, has yet to be found,” the newspaper writes, citing a source.

    There were 169 Indians, 53 Britons, seven Portuguese and one Canadian on board the Boeing 787-8 Dreamliner that crashed on the grounds of a medical college, as well as two pilots and 10 flight attendants.

    Air India confirmed on Friday that all 241 people on board were killed in the crash. The sole survivor is being treated in hospital.

    The Air Accident Investigation Bureau of the Indian government is investigating the cause of the incident.

    Boeing CEO Kelly Ortberg said he spoke with Air India Chairman Natarajan Chandrasekaran after the crash and expressed his willingness to support the Indian government’s investigation.

    The 12-year-old Boeing 787-8 aircraft with tail number AI171 fell from a height of about 250 meters after takeoff and crashed on the territory of the medical college, causing serious damage to buildings.

    One person was killed at the college, at least nine were missing and 50 were injured, according to a local medical organization. –0–

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: CMA consults on releasing Google from Privacy Sandbox commitments

    Source: United Kingdom – Government Statements

    News story

    CMA consults on releasing Google from Privacy Sandbox commitments

    Protections secured by the CMA are no longer needed after Google stepped back from plans which could have favoured its business in multi-billion-pound online advertising sector.

    iStock

    The Competition and Markets Authority (CMA) has today launched a consultation on releasing Google from commitments after the tech firm announced in April it was abandoning plans to prompt users to decide if they want to block third party cookies from Chrome – the popular browser used by millions of users.

    The CMA commitments were put in place to ensure that Google’s Privacy Sandbox was developed in a way that benefits consumers. Without the CMA’s oversight, Google’s original plan to deprecate third-party cookies could have weakened competition in the digital advertising sector – an industry worth billions to the UK economy – harming consumers who ultimately pay for the cost of online advertising.

    The commitments protected competition by ensuring that Google designed and developed the Privacy Sandbox in a way that did not favour its own ad-tech services over those of its competitors.

    The CMA believes the commitments are no longer necessary and is now consulting before it takes a decision  on whether to release them later this year.

    Anyone with an interest in this work is welcome to submit feedback by 11.55pm on 4 July 2025.

    More information is available via the Investigation into Google’s ‘Privacy Sandbox’ browser changes case page.

    Notes to editors

    1. The CMA has worked closely with the Information Commissioner’s Office (ICO) throughout this project to ensure that competition and privacy aspects were considered together. In the event that the Google Privacy Sandbox initiative were to give rise to competition concerns in the future, the CMA would have the ability to intervene through powers under the Digital Markets, Competition and Consumers Act 2024 as well as the Competition Act 1998.
    2. For media enquiries, contact the CMA press office on 020 3738 6460 or press@cma.gov.uk.

    Updates to this page

    Published 13 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Attorney General Alan Wilson and Office of the Attorney General mark World Elder Abuse Awareness Day 2025Read More

    Source: US State of South Carolina

    Promotes awareness of social isolation’s impact on older investors

    (COLUMBIA, S.C.) — In recognition of World Elder Abuse Awareness Day on June 15, Attorney General Alan Wilson is raising awareness about the devastating impact social isolation can have on older investors in South Carolina.

    Social isolation, whether voluntary or involuntary, significantly contributes to the financial exploitation of older investors. Using personal details from obituaries and social media posts, scammers often target seniors during vulnerable times, such as health crises or after the death of a loved one.  Scammers may also exploit trust within seniors’ social and support groups to become more involved in their lives.

    “We are committed to empowering older investors in South Carolina and their loved ones with the tools they need to prevent investment fraud. Knowledge and vigilance are our best defenses against scammers,” said Attorney General Wilson.

    To protect older investors, the Attorney General’s Office stresses the importance of regular contact with seniors to reduce isolation and vulnerability. Open conversations within families about fraud and scams can also enhance seniors’ security and reduce their risk of financial exploitation.

    The North American Securities Administrators Association (NASAA), of which South Carolina is a member, has developed resources on how to protect yourself from investment scams. You can find NASAA’s investor advisories on its website, including one on social isolation and the risk of investment fraud.

    Attorney General Wilson asks anyone with suspicions of possible senior financial exploitation to contact the Securities Division of the Attorney General’s Office by calling 803-734-9916 or by emailing [email protected].  Investors can submit a complaint or request an investor protection speaker by visiting the Attorney General’s Office website at InformedInvestorSC.com.

    MIL OSI USA News –

  • MIL-OSI: June 2025 Letter to Shareholders of Nvni Group Limited

    Source: GlobeNewswire (MIL-OSI)

    ~ Building on a Strong Foundation through Operational Progress and Strategic Initiatives ~

    NEW YORK, June 13, 2025 (GLOBE NEWSWIRE) — Nuvini Group Limited (Nasdaq: NVNI) (“Nuvini” or the “Company”), a leading acquirer of private B2B SaaS companies in Latin America, today issued a letter to shareholders from Nuvini Founder and CEO Pierre Schurmann.

    Dear Fellow Shareholders,

    As we quickly approach the end of the second quarter, I wanted to provide an update on Nuvini’s continued success, detailing developments from my last letter in May and discussing what lies ahead in the near future and beyond for the Company. As mentioned in my last letter, Nuvini is amid its next phase of growth driven by leverage and execution as we continue to execute our strategic acquisitions, highlighted by our successful acquisition of Munddi, an online platform that connects brands with consumers, suppliers, and retail chains in Brazil. I am pleased to also provide updates on our recent operational highlights, NuviniAI and our initiatives to strengthen our operating muscle by welcoming Gustavo Usero as our new Group Operating Director.

    Munddi Acquisition

    The successful acquisition of Munddi was one of four planned acquisitions this year and a significant value add to our ecosystem of Latin America based B2B SaaS solutions, creating new synergies to drive revenue growth. Further, Munddi allows us to unlock cross-selling opportunities across our portfolio, specifically for Onclick, Leadlovers and Mercos, our retail and supply chain solutions. With a strong M&A pipeline, I am excited to continue to provide developments regarding additional accretive acquisitions in the near future and throughout the remainder of the year.

    Operational Highlights

    We are encouraged to see continued strength in recurring revenues and execution of disciplined cost management across our portfolio of B2B SaaS solutions. As our AI and shared services platforms scale, we expect further margin enhancement and are already seeing early indicators tracking ahead of plan. To that point, our AI implementation is already showing measurable impact on our numbers, reducing overhead by 8%.

    NuviniAI: From Ideation to Implementation

    Delving deeper into Nuvini’s AI initiatives, I would like to touch on the NuviniAI challenge, our internal innovation initiative, which has garnered ten high-potential finalist projects. The final selection event is scheduled for July 15, 2025, to be held at Oracle’s office in São Paulo, and the top three projects will enter the implementation phase in the third quarter. Accordingly, we plan to launch three new AI-first products to our current client base by the end of the year.

    Strengthening Our Operating Muscle

    At Nuvini we are always looking for ways to increase our operational efficiency and we are thrilled to welcome Gustavo Usero, formerly of Vela Software (a Constellation Software company) effective as of April 1st, 2025, as our new non executive Group Operating Director. Gustavo brings deep experience in value creation and integration strategies across SaaS portfolios to Nuvini. His mandate will be to elevate our playbook for operational excellence and accelerate our AI-driven efficiency programs and his primary focus includes strengthening budgeting discipline, expanding EBITDA margins, and implementing robust performance management frameworks.

    I look forward to providing future updates and thank you for your continued trust.

    Sincerely,

    Pierre Schurmann

    Founder & CEO, Nuvini

    About Nuvini

    Headquartered in São Paulo, Brazil, Nuvini is Latin America’s leading private serial acquirer of B2B SaaS companies. The company focuses on acquiring profitable, high-growth SaaS businesses with strong recurring revenue and cash flow generation. By fostering an entrepreneurial environment, Nuvini enables its portfolio companies to scale and maintain leadership within their respective industries. The company’s long-term vision is to buy, retain, and create value through strategic partnerships and operational expertise.

    Forward-Looking Statements

    Statements about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, without limitation: the Company’s ability to complete the potential acquisitions on the anticipated timeline or at all; general market conditions that could affect the consummation of the potential acquisition; if definitive documents with respect to a potential acquisition are executed, whether the parties will achieve any of the anticipated benefits of any such transactions; and other factors discussed in the “Risk Factors” section of the Company’s Ǫuarterly and Annual Reports filed with the SEC, and the risks described in other filings that the Company may make with the SEC. Any forward-looking statements speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

    Investor Relations Contact

    Sofia Toledo
    ir@nuvini.co

    MZ North America
    NVNI@mzgroup.us

    The MIL Network –

  • MIL-OSI: Bitcoin Depot Adds to Bitcoin Treasury Holdings Amid Continued Market Momentum

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, June 13, 2025 (GLOBE NEWSWIRE) — Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today announced it has purchased additional Bitcoin (BTC) as part of its treasury strategy first initiated in June 2024.

    The move follows the Company’s earlier purchases of 51 and 11 BTC in February 2025. With this latest addition, Bitcoin Depot now holds over 100 BTC in its treasury, further reinforcing its belief in Bitcoin’s long-term potential as both a strategic asset and a store of value.

    “As the digital asset landscape continues to evolve during a period of strong industry momentum and innovation, we view Bitcoin as a foundational piece of our long-term growth strategy, and this purchase is a continuation of that conviction,” said Brandon Mintz, CEO and founder of Bitcoin Depot. “As we expand our treasury and our footprint, we remain committed to enabling access to Bitcoin and aligning with its future.”

    This announcement comes as Bitcoin continues to experience significant momentum in 2025, marked by policy and regulatory clarity, growing institutional demand, increased adoption, and the recent all-time price high of over $111,000.

    Bitcoin Depot’s latest BTC purchase also follows a wave of strong business growth for the Company, including the recent strategic acquisition of regional operator Pelicoin’s assets to further strengthen its market leadership. Today, Bitcoin Depot operates the largest Bitcoin ATM network in North America, with more than 8,500 locations and a growing international footprint.

    The financial terms of the transaction were not disclosed. For more information, visit www.bitcoindepot.com.

    About Bitcoin Depot 
    Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 47 states and at thousands of name-brand retail locations in 31 states through its BDCheckout product. The Company has the largest market share in North America with over 8,500 kiosk locations as of June 2025. Learn more at www.bitcoindepot.com. 

    Cautionary Note Regarding Forward-Looking Statements
    This press release and any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, the anticipated effects of the Amendment, and the closing of the Preferred Sale. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,” “plan,” “potential,” “priorities,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “will,” “would,” or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.

    These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new products and services, bring them to market in a timely manner and make enhancements to our platform; the effects of competition on our future business; our ability to issue equity or equity-linked securities; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in filings with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change.

    We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

    Contacts: 

    Investors  
    Cody Slach
    Gateway Group, Inc.  
    949-574-3860  
    BTM@gateway-grp.com 

    Media  
    Brenlyn Motlagh, Ryan Deloney  
    Gateway Group, Inc. 
    949-574-3860  
    BTM@gateway-grp.com 

    The MIL Network –

  • MIL-OSI: StepStone Real Estate Named Investment Consultancy of the Year by IPE Real Estate for Fourth Consecutive Year

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 13, 2025 (GLOBE NEWSWIRE) — StepStone Real Estate (SRE), the real estate arm of private markets investment firm StepStone Group (Nasdaq: STEP), announced today that it was the recipient of the 2025 IPE Real Estate Global Awards’ Investment Consultancy of the Year.

    The Investment Consultancy of the Year Award recognizes SRE’s approach to advising its institutional clients and investors on their real estate investment programs. The judges noted that the firm’s competitive advantages included its global reach, experienced team, relationships with general partners, market coverage, and proprietary technology for market intelligence, cementing its position as one of the world’s leading real estate investors. In 2024, our team conducted approximately 1,000 manager meetings and approved $14 billion in real estate capital commitments across 47 funds.

    “Our hands-on experience investing in secondaries, recapitalizations and co-investments coupled with our deep manager, fund and market research capabilities differentiates us as a real estate advisor,” said Jeff Giller, Partner and Head of SRE. “We are honored to have been recognized as Investment Consultancy of the Year for the fourth year in a row and look forward to continuing to provide tailor-made solutions to our diverse and growing client base.”

    About StepStone

    StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of March 31, 2025, StepStone was responsible for approximately $709 billion of total capital, including $189 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.

    Contacts

    Shareholder Relations:
    Seth Weiss
    shareholders@stepstonegroup.com
    +1 (212) 351-6106

    Media:
    Brian Ruby / Chris Gillick / Matt Lettiero, ICR
    StepStonePR@icrinc.com
    +1 (203) 682-8268

    The MIL Network –

  • MIL-OSI Security: NATO Secretary General in Stockholm, highlights Sweden’s defence industry leadership and support to Ukraine

    Source: NATO

    NATO Secretary General Mark Rutte met Prime Minister of Sweden Ulf Kristersson in Stockholm on Friday (13 June 2025) to discuss preparations for the NATO Summit in The Hague.

    Mr Rutte noted that Sweden – NATO’s newest member – is “already making major contributions across the Alliance” since joining in March 2024, including through contributions to Forward Land Forces in Latvia, and leading NATO’s newly established Forward Land Forces in Finland.

    “Your Gripen fighter jets help patrol the skies over Poland, and your ships contribute to our enhanced military presence in the Baltic Sea through Baltic Sentry,” he said. The Secretary General also highlighted how Sweden’s expertise in the High North strengthens NATO’s regional posture and reinforces the Alliance’s ability to support Baltic Allies. 

    In 2024, Sweden invested 2.66% of GDP on defence, with plans to go further. “This is a clear demonstration of Sweden’s commitment to collective defence,” said the Secretary General.  Mr Rutte also underlined Sweden’s leadership in strengthening NATO’s defence industrial base. “You have a world-class defence sector,” he said. He welcomed Sweden’s role in defence industrial production, research, and resilience.

    Secretary General Rutte also commended Sweden for its staunch support of Ukraine. “Since 2022, you have provided over 7 billion euros in military assistance – including 1.25 billion in the first four months of this year alone. In terms of GDP, this places Sweden among the top contributors to Ukraine.” He also welcomed Sweden’s investment in Ukraine’s defence industry, saying: “You are truly leading by example.”

    Turning to the upcoming NATO Summit in The Hague, the Secretary General highlighted the need for increased investment and stronger defence industrial capacity. “I expect leaders to make bold decisions to further strengthen our deterrence and defence – including agreeing a new defence investment plan that would bring our defence investment to 5% of GDP.”

    In Stockholm, Secretary General Rutte also took part in a panel discussion at the annual Bilderberg meeting, alongside the President of the European Investment Bank Nadia Calviño and US Army General Chris Donahue. The discussion was moderated by Minister of Foreign Affairs of Poland Radoslaw Sikorski.

    MIL Security OSI –

  • Ahmedabad plane crash: Black box recovered from Air India AI-171 wreckage

    Source: Government of India

    Source: Government of India (4)

    The black box of the Air India Boeing 787-8 Dreamliner, which crashed minutes after takeoff from Gujarat’s Ahmedabad, has been recovered from the wreckage of the aircraft.

    The black box, technically known as the flight data recorder, is expected to play a vital role in uncovering the cause of the disaster. It contains crucial information such as flight speed, altitude, engine performance, and cockpit audio, including communications between the pilots and air traffic control.

    These specialised devices are built to withstand extreme temperatures, water, and severe impact, ensuring the survival of key data even under catastrophic conditions.

    Contrary to its name, the black box is typically painted bright orange to make it easier to locate amid the wreckage.

    Constructed from highly durable materials like steel and titanium, the device houses two main components: the Digital Flight Data Recorder (DFDR) and the Cockpit Voice Recorder (CVR). The DFDR logs technical flight parameters, while the CVR captures audio from the cockpit, including pilot discussions and radio exchanges with air traffic control.

    In a parallel development, the Gujarat Anti-Terrorism Squad (ATS) has also recovered a digital video recorder (DVR) from the wreckage.

    Investigators believe this could serve as additional evidence, offering visual insights into the final moments of the crash.

    Authorities are now preparing to analyse both the flight recorders and the DVR to piece together a comprehensive timeline of events leading up to the crash.

    IANS

  • MIL-OSI: Advanced Flower Capital Announces Dividend for the Second Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., June 13, 2025 (GLOBE NEWSWIRE) — Advanced Flower Capital Inc. (Nasdaq: AFCG) (“AFC” or the “Company”) today announced its dividend for the quarter ending June 30, 2025.

    The Board of Directors of AFC declared a quarterly dividend of $0.15 per outstanding share of common stock for the quarter ending June 30, 2025. The dividend is payable on July 15, 2025 to the common stockholders of record on June 30, 2025.

    The Board of Directors evaluates the Company’s Distributable Earnings (as defined below) each quarter to determine the dividend level. The second quarter dividend was impacted due to a realized loss during the quarter related to the loan to Public Company A.

    About Advanced Flower Capital Inc.

    Advanced Flower Capital Inc. (Nasdaq: AFCG) is a leading commercial mortgage real estate investment trust (“REIT”) that provides institutional loans to state law compliant cannabis operators in the U.S. Through the management team’s deep network and significant credit and cannabis expertise, AFC originates, structures, underwrites and manages loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value and cash flows. It is based in West Palm Beach, Florida.

    Non-GAAP Metrics

    In addition to using certain financial metrics prepared in accordance with GAAP to evaluate our performance, we also use “Distributable Earnings” to evaluate our performance excluding the effects of certain transactions and GAAP adjustments we believe are not necessarily indicative of our current loan activity and operations. Distributable Earnings is a measure that is not prepared in accordance with GAAP. Distributable Earnings and the other capitalized terms not defined in this section have the meanings ascribed to such terms in our most-recently filed Quarterly Report on Form 10-Q. We use this non-GAAP financial measure both to explain our results to shareholders and the investment community and in the internal evaluation and management of our businesses. Our management believes that this non-GAAP financial measure and the information it provides is useful to investors since this measure permits investors and shareholders to assess the overall performance of our business using the same tools that our management uses to evaluate our past performance and prospects for future performance.

    The determination of Distributable Earnings is substantially similar to the determination of Core Earnings under our Management Agreement, provided that Core Earnings is a component of the calculation of any Incentive Compensation earned under the Management Agreement for the applicable time period, and thus Core Earnings is calculated without giving effect to Incentive Compensation expense, while the calculation of Distributable Earnings accounts for any Incentive Compensation earned for such time period.

    We define Distributable Earnings as, for a specified period, the net income (loss) computed in accordance with GAAP, excluding (i) stock-based compensation expense, (ii) depreciation and amortization, (iii) any unrealized gains, losses or other non-cash items recorded in net income (loss) for the period, regardless of whether such items are included in other comprehensive income or loss, or in net income (loss); provided that Distributable Earnings does not exclude, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with PIK interest and zero coupon securities), accrued income that we have not yet received in cash, (iv) provision for (reversal of) current expected credit losses, (v) taxable REIT (as defined below) subsidiary (“TRS”) (income) loss, net of any dividends received from TRS and (vi) one-time events pursuant to changes in GAAP and certain non-cash charges, in each case after discussions between our Manager and our independent directors and after approval by a majority of such independent directors.

    We believe providing Distributable Earnings on a supplemental basis to our net income as determined in accordance with GAAP is helpful to shareholders in assessing the overall performance of our business. As a REIT, we are required to distribute at least 90% of our annual REIT taxable income, subject to certain adjustments, and to pay tax at regular corporate rates to the extent that we annually distribute less than 100% of such taxable income. Given these requirements and our belief that dividends are generally one of the principal reasons that shareholders invest in our common stock, we generally intend to attempt to pay dividends to our shareholders in an amount at least equal to such REIT taxable income, if and to the extent authorized by our Board of Directors. Distributable Earnings is one of many factors considered by our Board of Directors in authorizing dividends and, while not a direct measure of net taxable income, over time, the measure can be considered a useful indicator of our dividends.

    Distributable Earnings is a non-GAAP financial measure and should not be considered as a substitute for GAAP net income. We caution readers that our methodology for calculating Distributable Earnings may differ from the methodologies employed by other REITs to calculate the same or similar supplemental performance measures, and as a result, our reported Distributable Earnings may not be comparable to similar measures presented by other REITs.

    Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the company’s current views and projections with respect to, among other things, operating results and borrower activity. All statements other than historical facts, are forward-looking statements. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors, risks and uncertainties discussed under the caption “Risk Factors” and elsewhere in AFC’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings, could cause actual results and performance to differ materially from those projected in these forward-looking statements.

    Investor Relations Contact

    Robyn Tannenbaum
    561-510-2293
    ir@advancedflowercapital.com

    Media Contact

    Collected Strategies
    Jim Golden / Jack Kelleher
    AFCG-CS@collectedstrategies.com  

    The MIL Network –

  • MIL-OSI: reAlpha Expands Homebuying Platform into Texas, Marking First Step in National Realty Rollout

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, June 13, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (Nasdaq: AIRE) (“reAlpha” or the “Company”), an AI-powered real estate technology company, today announced the expansion of its platform into Texas1 with the launch of real estate brokerage services through its REALTOR® affiliate. This milestone marks the first step in bringing reAlpha’s end-to-end homebuying experience to states outside of Florida, starting with one of the most active real estate markets in the country.

    Texas is the second‑most populous state2 in the U.S. and recorded over 323,000 home sales in 2024, with a median sale price of $347,000, representing more than $112 billion in residential transaction value3. This expansion into Texas positions reAlpha to reach millions of prospective homebuyers through a tech-enabled, streamlined platform that delivers real savings at closing, including in high-volume markets such as Dallas-Fort Worth, San Antonio, Houston, and Austin.

    “This is an exciting next step in reAlpha’s national expansion,” said Mike Logozzo, Chief Executive Officer of reAlpha. “Texas is a high-volume, high-potential market that aligns perfectly with our integrated business model. We aim to bring real value to homebuyers by combining technology-driven convenience with cost savings, and Texas is just the beginning.”

    reAlpha already has an established presence in Texas through its strategic acquisition of their licensed mortgage subsidiary, Be My Neighbor, which has been serving customers there since 2018 and currently operates across 30 states. With the addition of real estate brokerage capabilities in Texas, reAlpha is now delivering a more integrated experience on its end to end platform from search to preapproval to close.

    The Company plans to launch in additional states in the coming months as it scales its platform and continues executing its mission to modernize real estate through AI, data, and integrated experiences.

    About reAlpha Tech Corp.
    reAlpha Tech Corp. (Nasdaq: AIRE) is an AI-powered real estate technology company transforming the multi-trillion-dollar U.S. real estate services market. reAlpha is developing an end-to-end platform that streamlines real estate transactions through integrated brokerage, mortgage, and title services. With a strategic, acquisition-driven growth model and proprietary AI infrastructure, reAlpha is building a vertically integrated ecosystem designed to deliver a simpler, smarter, and more affordable path to homeownership. For more information, visit www.realpha.com.

    Forward-Looking Statements
    The information in this press release includes “forward-looking statements.” Any statements other than statements of historical fact contained herein, including statements by our Chief Executive Officer, Mike Logozzo, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s ability to pay contractual obligations; reAlpha’s liquidity, operating performance, cash flow and ability to secure adequate financing; reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to commercialize its developing AI-based technologies; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for such acquired companies’ services; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets and nationally; the potential loss of key employees of reAlpha and of its subsidiaries; the outcome of certain outstanding legal proceedings against reAlpha; reAlpha’s ability to obtain, and maintain, the required licenses to operate in the U.S. states in which it, or its subsidiaries, operate in, or intend to operate in; reAlpha’s ability to successfully identify and acquire companies that are complementary to its business model; the inability to maintain and strengthen reAlpha’s brand and reputation; any accidents or incidents involving cybersecurity breaches and incidents; the inability to accurately forecast demand for AI-based real estate-focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; the inability of reAlpha to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against reAlpha; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Media Contact:
    Cristol Rippe, Chief Marketing Officer
    media@realpha.com

    Investor Relations Contact:
    Adele Carey, VP of Investor Relations
    investorrelations@realpha.com

    1 The reAlpha platform is currently available in 212 out of 254 counties in Texas
    2 https://www.britannica.com/topic/largest-U-S-state-by-population
    3https://www.redfin.com/news/data-center/

    The MIL Network –

  • MIL-OSI: Baker Hughes Announces Dates for Second-quarter Earnings Release and Webcast

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON and LONDON, June 13, 2025 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR) will announce the results of the second quarter ending June 30, 2025, via press release at 5 p.m. Eastern Time (4 p.m. Central Time) on Tuesday, July 22, 2025. A webcast to discuss the results will be held Wednesday, July 23, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).

    To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast.

    About Baker Hughes
    Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

    For more information, please contact:

    Investor Relations
    Chase Mulvehill
    +1 346-297-2561
    investor.relations@bakerhughes.com

    Media Relations
    Adrienne M. Lynch
    +1 713-906-8407
    media.relations@bakerhughes.com

    The MIL Network –

  • MIL-OSI: MoneyHero Group Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    • Adjusted EBITDA loss improved by 49% YoY to US$(3.3) million
    • Improving revenue mix with high-margin insurance and wealth revenue accounting for 25% of revenue, up 11 pp YoY
    • Cost of revenue fell by 55% YoY and accounted for 44% of revenue, down 20 pp

    SINGAPORE , June 13, 2025 (GLOBE NEWSWIRE) — MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “Company”), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, today announced its financial results for the first quarter ended March 31, 2025.

    Management Commentary:

    Rohith Murthy, Chief Executive Officer, stated:

    “We began 2025 with strong momentum, building on the strategic pivot we initiated last year. In Q1, we made significant financial progress — reducing net loss to US$(2.4) million from US$(13.1) million during the same period last year, improving our Adjusted EBITDA loss to US$(3.3) million, and lowering our cost of revenue by 20-points to 44% of total revenue. These improvements reflect our disciplined focus on enhancing revenue quality, operating leverage, and margin expansion.

    “Our strategy is delivering. By reallocating resources toward higher-margin verticals such as insurance and wealth, we are steering the business toward sustainable, profitable growth. These verticals now account for 25% of total revenue, an increase of 11-points year-over-year. Notably, our car insurance platform, launched in partnership with bolttech, is outperforming our expectations by driving higher conversion rates and recurring revenue with seamless end-to-end journeys and real-time pricing.

    “We have also made substantial operational efficiency gains. Following last year’s restructuring to reset our cost base, we are leveraging AI across the organization to maintain a lean cost structure as we scale. From content creation and service automation to engineering workflows, AI is enhancing workforce productivity, reducing inquiry volumes, and improving user experience — all while keeping expenses flat. Consequently, our unit economics continue to improve quarter after quarter.

    “Our member base is rapidly expanding, with registered MoneyHero Group Members increasing by 38% year-over-year to over 8 million. Leveraging these insights, we have refined our strategy and optimized our marketing spend to deliver highly personalized offers that boost user engagement – achieving stronger results with marketing costs falling 25% year-over-year.

    “We are encouraged to see growing signs of recovery in the Philippines, a key market for us. After a major banking partner exited last year, we recently secured new partnerships with BPI and RCBC, restoring product supply across key verticals. These partnerships significantly strengthen our market position and offerings, and we anticipate a meaningful rebound in our performance during the second half of 2025 as these partnerships scale.

    “Looking ahead, our priority throughout the remainder of the first half of 2025 will be to consolidate our recent operational gains. In the second half, we expect to accelerate topline growth by activating our robust pipeline of banking partnerships, strategically scaling our higher-margin insurance business, and launching Credit Hero Club in collaboration with TransUnion. Credit Hero Club will provide consumers with free credit scores, credit monitoring, and personalized financial product recommendations, thereby driving higher user engagement and conversion rates. This strengthens our confidence in accelerating our revenue growth and reaching positive Adjusted EBITDA in the later part of the year.

    “With no debt and US$36.6 million in cash, we are well-positioned to invest in high-return growth initiatives and capitalize on opportunities as the regional personal finance comparison sector evolves. Our focus on disciplined execution, quality growth, and prudent capital deployment uniquely position us to lead market consolidation, deliver long-term shareholder value, and scale efficiently in a dynamic environment.”

    Danny Leung, interim Chief Financial Officer, added:

    “Our financial performance during the quarter clearly reflects the progress we are making following our strategic pivot in the second half of 2024, with a strong focus on revenue quality and disciplined operational management.

    “While revenue declined 35% year-over-year as part of our strategic focus on improving quality, revenue mix substantially improved with high-margin verticals increasingly accounting for a larger proportion. Personal loans increased from 15% to 17% of total revenue, insurance grew from 8% to 13%, and wealth surged from 6% to 12%, further reducing our reliance on relatively lower-margin credit cards which decreased 13-points to 57%. Cost of revenue also fell by 55% year-over year and accounted for 44% of total revenue, a 20-point decrease. Combined, this significantly improved gross margins and underscores the effectiveness of our strategy to reposition toward higher-quality, sustainable revenue.

    “Our operational efficiency initiatives are already proving to be highly effective, with total operating expenses falling by 26% year-over-year across advertising and marketing, technology, employee benefits, and general administrative costs. We are carefully managing costs while strategically investing in growth areas such as customer acquisition, technology re-platforming, and advanced data infrastructure.

    “As a direct result of expanding gross margins and reduced operating expenses, net loss narrowed substantially to US$(2.4) million this quarter from US$(13.1) million during the same period last year—a significant improvement of over US$10 million. Adjusted EBITDA loss also improved markedly, narrowing from US$(6.4) million to US$(3.3) million year-over-year, underscoring our clear trajectory toward sustainable profitability.

    “Looking ahead, we expect Adjusted EBITDA to improve throughout 2025, supported by steadily expanding margins and sustained operational efficiency. We remain confident in our ability to achieve positive Adjusted EBITDA in the later part of the year. Our strong cash position and disciplined investment strategy will ensure we remain focused on profitable growth and delivering sustained value to our shareholders.”

    First Quarter 2025 Financial Highlights

    • Revenue decreased by 35% year-over-year to US$14.3 million in the first quarter of 2025, reflecting a strategic shift toward diversifying revenue mix to enhance revenue quality and the high base effect set during the same period last year with significant marketing and customer acquisition spending in the credit card vertical to expand market share.
      • Revenue from insurance products increased by 4% year-over-year to US$1.9 million in the first quarter of 2025, accounting for 13% of total revenue, compared to 8% during the same period last year.
      • Revenue from wealth products increased by 20% year-over-year to US$1.7 million in the first quarter of 2025, accounting for 12% of total revenue, compared to 6% during the same period last year.
    • Cost of revenue decreased by 55% year-over-year to US$6.4 million and accounted for 44% of revenue, a decrease of 20 percentage points from 64% during the same period last year, reflecting improved gross margins through rewards costs optimization.
    • Total operating costs and expenses, excluding net foreign exchange differences, decreased to US$18.3 million in the first quarter of 2025 from US$30.4 million during the same period last year. This reduction was driven by more targeted and cost-efficient marketing campaigns, combined with strategic streamlining of technology costs to simplify workflows, and a comprehensive HR cost restructuring initiative.
    • Net loss for the period narrowed sharply to US$(2.4) million during the first quarter of 2025, compared to US$(13.1) million in the same period last year, supported by lower operating costs as well as lower non-operating expenses including foreign exchange differences and changes in fair value of financial instruments.
    • Adjusted EBITDA loss improved to US$(3.3) million in the first quarter of 2025 from US$(6.4) million in the prior year period.

    First Quarter 2025 Operational Highlights

    • Monthly Unique Users for the three months ended March 31, 2025, of 5.7 million
    • MoneyHero Group Members, to whom the Company provides more tailored product information and recommendations, grew by 38% year-over-year to 8.1 million as of March 31, 2025
    • MoneyHero sourced 399,000 applications and had 155,000 approved applications in the first quarter of 2025

    Capital Structure

    The table below summarizes the capital structure of the Company as of March 31, 2025:

    Share Class Issued and Outstanding
    Class A Ordinary 29,949,1931
    Class B Ordinary 13,254,838
    Preference Shares 2,407,575
    Total Issued Shares 45,611,606
    Employee Equity Options 618,7172
    Issued Class A Ordinary Shares Underlying Employee Equity Options (618,717)3
    Total Issued and Issuable Shares4 45,611,606

    _____________________________________
    1     Includes 618,717 shares issued to Computershare Hong Kong Investor Services Limited (“Computershare”) which are held in trust pending exercise of share options and settlement by Computershare to the underlying exercising option holder.
    2 Includes granted but unexercised options as well as exercised options, pursuant to which the shares have not yet been issued as of March 31, 2025.
    3 Issued in advance to Computershare and held in trust pending exercise of share options and settlement by Computershare to the underlying exercising option holder.
    4 Public Warrants, Sponsor Warrants, Class A-1 Warrants, Class A-2 Warrants and Class A-3 Warrants are excluded since they are out of the money.

    Summary of financial / KPI performance

      For the Three Months Ended
    March 31,    		  
      2025   2024    
      (US$ in thousands, unless otherwise noted)  
    Revenue 14,314   22,175    
    Adjusted EBITDA (3,309 ) (6,440 )  
           
    Clicks (in thousands)5 2,081   N/A    
    Applications (in thousands)6 399   495    
    Approved Applications (in thousands)6 155   206    
           

    Revenue breakdown

      For the Three Months Ended
    March 31,    		  
      2025 2024  
      US$ % US$ %  
      (US$ in thousands, except for percentages)  
    By Geographical Market:          
    Singapore 5,084 35.5 8,944 40.3  
    Hong Kong 6,396 44.7 7,716 34.8  
    Taiwan 1,054 7.4 1,402 6.3  
    Philippines 1,779 12.4 3,979 17.9  
    Malaysia – – 133 0.6  
    Total Revenue 14,314 100.0 22,175 100.0  
               
    By Source:          
    Online financial comparison platforms 12,638 88.3 18,058 81.4  
    Creatory 1,676 11.7 4,117 18.6  
    Total Revenue 14,314 100.0 22,175 100.0  
               
    By Vertical:          
    Credit cards 8,173 57.1 15,426 69.6  
    Personal loans and mortgages 2,495 17.4 3,297 14.9  
    Wealth 1,663 11.6 1,387 6.3  
    Insurance 1,892 13.2 1,827 8.2  
    Other verticals 91 0.6 239 1.1  
    Total Revenue 14,314 100.0 22,175 100.0  
               

    _____________________________________
    5 As of July 1, 2024, we transitioned from Universal Analytics to Google Analytics 4. Consequently, we are unable to provide comparable click data for this period following the transition. Please refer to the section titled “Key Performance Metrics and Non-IFRS Financial Measures” for more information regarding the change in methodology.
    6 Due to the nature of our business, there is often a delay in receiving confirmation of the number of Applications and Approved Applications by our commercial partners. As a result, the disclosed figures may utilize estimations if data is unavailable.

    Key Metrics

      For the Three Months Ended
    March 31, 2025
      (in millions, except for percentages)
    Monthly Unique Users7  
    Singapore   1.3           22.6 %
    Hong Kong   1.0           17.3 %
    Taiwan   1.8           31.2 %
    Philippines   1.7           29.0 %
    Total   5.7
    		           100.0 %
         
    Total Traffic7    
    Singapore   3.1           17.6 %
    Hong Kong   3.3           18.7 %
    Taiwan   5.9           33.5 %
    Philippines   5.3           30.1 %
    Total   17.5           100.0 %
       
      As of March 31,
      2025
    		 2024
      (in millions, except for percentages)
    MoneyHero Group Members  
    Singapore 1.4 16.7 % 1.2   21.0 %
    Hong Kong 0.9 11.0 % 0.7   12.6 %
    Taiwan 0.4 4.6 % 0.3   4.5 %
    Philippines 5.5 67.7 % 3.4   57.2 %
    Malaysia 0.0 0.0 % 0.3   4.8 %
    Total 8.1 100.0 % 5.9
    		   100.0 %
                   

    Conference Call Details

    The Company will host a conference call and webcast on Friday, June 13, 2025, at 8:00 a.m. Eastern Standard Time / 8:00 p.m. Singapore Standard Time to discuss the Company’s financial results. The MoneyHero Limited (NASDAQ: MNY) Q1 2025 Earnings call can be accessed by registering at:

    Webcast: https://edge.media-server.com/mmc/p/q7ymzw9v
    Conference call: https://register-conf.media-server.com/register/BI715b6ae9a0fa497a9a90877eaad916ac

    The webcast replay will be available on the Investor Relations website for 12 months following the event.

    _____________________________________
    7 As of July 1, 2024, we transitioned from Universal Analytics to Google Analytics 4. Consequently, we are unable to provide comparable monthly unique users and total traffic for this period following the transition. Please refer to the section titled “Key Performance Metrics and Non-IFRS Financial Measures” for more information regarding the change in methodology.

    About MoneyHero Group
    MoneyHero Limited (NASDAQ: MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over 260 commercial partner relationships as at March 31, 2025, and had approximately 5.7 million Monthly Unique Users across its platform for the three months ended March 31, 2025. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com.

    Key Performance Metrics and Non-IFRS Financial Measures

    Historically, we utilized data from Universal Analytics (“UA”), Google’s analytics platform, to measure three key business metrics: monthly unique users, traffic, and clicks. Effective July 1, 2024, Google Analytics 4 (“GA4”) replaced UA. The methodologies used in GA4 are different and not comparable to the methodologies used in UA. While Google has provided some guidance on these differences, Google has not made available sufficient information for us to assess the impact (whether positive or negative) of this transition on our key business metrics, nor can we quantify the extent of such impact. Furthermore, due to the adoption of GA4, we have adjusted our definitions of these key business metrics to enhance accuracy and align them more closely with previous definitions under UA. Therefore, we are unable to provide comparable data for monthly unique user, traffic, and clicks for any periods prior to July 1, 2024.

    “Monthly Unique User” means as a unique user with at least one session in a given month as determined by a unique device identifier from GA4. A session begins when a user opens an app in the foreground or views a page or screen while no other session is currently active (e.g., the prior session has ended). A session concludes after 30 minutes of user inactivity. To measure Monthly Unique Users over a period longer than one month, we calculate the average of the Monthly Unique Users for each month within that period. If an individual accesses a website or app from different devices within a given month, each device is counted as a separate unique user. However, if an individual logs in and accesses a website or app using the same login across different devices, they will only be counted as one unique user.

    “Traffic” means the total number of unique sessions in GA4. A unique session is a group of user interactions recorded when a user accesses a website or app within a 30-minute window. The current session concludes when there is 30 minutes of inactivity or users have a change in traffic source.

    “MoneyHero Group Members” means (i) users who have login IDs with us in Singapore, Hong Kong and Taiwan, (ii) users who subscribe to our email distributions in Singapore, Hong Kong, Taiwan, the Philippines and Malaysia, and (iii) users who are registered in our rewards database in Singapore and Hong Kong. Any duplications across the three sources above are deduplicated.

    “Clicks” means the sum of unique clicks by product item on a tagged “Apply Now”, “Express Buy”, “Buy” or similar button on our website, including product result pages and blogs. We track Clicks to understand how our users engage with our platforms prior to application submission or purchase, which enables us to further optimize conversion rates.

    “Applications” means the total number of product applications submitted by users and confirmed by our commercial partners.

    “Approved Applications” means the number of applications that have been approved and confirmed by our commercial partners.

    In addition to MoneyHero Group’s results determined in accordance with IFRS, MoneyHero Group believes that the key performance metrics above and the non-IFRS measures below are useful in evaluating its operating performance. MoneyHero Group uses these measures, collectively, to evaluate ongoing operations and for internal planning and forecasting purposes. MoneyHero Group believes that non-IFRS information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance and may assist in comparisons with other companies to the extent that such other companies use similar non-IFRS measures to supplement their IFRS results. These non-IFRS measures are presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with IFRS and may be different from similarly titled non-IFRS measures used by other companies. Accordingly, non-IFRS measures have limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of other IFRS financial measures, such as profit/(loss) for the year/period and profit/(loss) before income tax.

    Adjusted EBITDA is a non-IFRS financial measure defined as loss for the year/period plus depreciation and amortization, interest income, finance costs, income tax expenses/(credit), equity-settled share-based payment expenses, transaction expenses, changes in the fair value of financial instruments, non-recurring legal fees, and unrealized foreign exchange differences. Adjusted EBITDA Margin is defined as Adjusted EBITDA as a percentage of revenue.

    A reconciliation is provided for each non-IFRS measure to the most directly comparable financial measure stated in accordance with IFRS. Investors are encouraged to review the related IFRS financial measures and the reconciliations of these non-IFRS measures to their most directly comparable IFRS financial measures. IFRS differs from U.S. GAAP in certain material respects and thus may not be comparable to financial information presented by U.S. companies. We currently, and will continue to, report financial results under IFRS, which differs in certain significant respects from U.S. GAAP.

      For the Three Months Ended
    March 31,
      2025   2024  
      (US$ in thousands)
    Loss for the period (2,449 ) (13,100 )
    Tax expenses –   52  
    Depreciation and amortization 302   981  
    Interest income (131 ) (595 )
    Finance costs 14   8  
         
    EBITDA (2,265 ) (12,654 )
         
    Non-cash items:    
    Changes in fair value of financial instruments (473 ) 1,346  
    Equity settled share-based payment arising from employee share incentive scheme 441   623  
    Unrealized foreign exchange (gain)/loss, net (1,012 ) 4,036  
         
    Listing and other non-recurring strategic exercises related items:    
    Transaction expenses –   35  
         
    Other non-recurring items:    
    Non-recurring legal fees –   174  
         
    Adjusted EBITDA (3,309 ) (6,440 )
         
    Revenue 14,314   22,175  
    Adjusted EBITDA (3,309 ) (6,440 )
    Adjusted EBITDA Margin (23.1 )% (29.0 )%
             

    Forward Looking Statements

    This document includes “forward-looking statements” within the meaning of the United States federal securities laws and also contains certain financial forecasts and projections. All statements other than statements of historical fact contained in this communication, including, but not limited to, statements as to the Group’s growth strategies, future results of operations and financial position, market size, industry trends and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company, which are all subject to change due to various factors including, without limitation, changes in general economic conditions. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this communication, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. The forward-looking statements and financial forecasts and projections contained in this communication are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in business, market, financial, political and legal conditions; the Company’s ability to attract new and retain existing customers in a cost effective manner; competitive pressures in and any disruption to the industries in which the Company and its subsidiaries (the “Group”) operates; the Group’s ability to achieve profitability despite a history of losses; and the Group’s ability to implement its growth strategies and manage its growth; the Group’s ability to meet consumer expectations; the success of the Group’s new product or service offerings; the Group’s ability to attract traffic to its websites; the Group’s internal controls; fluctuations in foreign currency exchange rates; the Group’s ability to raise capital; media coverage of the Group; the Group’s ability to obtain adequate insurance coverage; changes in the regulatory environments (such as anti-trust laws, foreign ownership restrictions and tax regimes) and general economic conditions in the countries in which the Group operates; the Group’s ability to attract and retain management and skilled employees; the impact of the COVID-19 pandemic or any other pandemic on the business of the Group; the success of the Group’s strategic investments and acquisitions, changes in the Group’s relationship with its current customers, suppliers and service providers; disruptions to the Group’s information technology systems and networks; the Group’s ability to grow and protect its brand and the Group’s reputation; the Group’s ability to protect its intellectual property; changes in regulation and other contingencies; the Group’s ability to achieve tax efficiencies of its corporate structure and intercompany arrangements; potential and future litigation that the Group may be involved in; and unanticipated losses, write-downs or write-offs, restructuring and impairment or other charges, taxes or other liabilities that may be incurred or required and technological advancements in the Group’s industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s annual report for the year ended December 31, 2024 on Form 20-F (File No.: 001-41838), registration statement on Form F-1 (File No.: 333-275205), and other documents to be filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. In addition, there may be additional risks that the Company currently does not know, or that the Company currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect the Company’s expectations, plans, projections or forecasts of future events and view. If any of the risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company anticipates that subsequent events and developments may cause their assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as required by law. The inclusion of any statement in this document does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements. In addition, the analyses of the Company contained herein are not, and do not purport to be, appraisals of the securities, assets, or business of the Company.

    For inquiries, please contact:

    Investor Relations:
    MoneyHero IR Team
    IR@MoneyHeroGroup.com

    Media Relations:
    MoneyHero PR Team
    Press@MoneyHeroGroup.com

    Unaudited Consolidated Statements of Loss and Other Comprehensive (Loss)/Income

      For the Three Months Ended
    March 31,
    (US$ in thousands, except for loss per share) 2025   2024  
       
    Revenue 14,314   22,175  
         
    Cost and expenses:    
    Cost of revenue (6,363 ) (14,106 )
    Advertising and marketing expenses (4,584 ) (6,132 )
    Technology costs (816 ) (1,851 )
    Employee benefit expenses (4,354 ) (5,878 )
    General, administrative and other operating expenses (2,190 ) (2,387 )
    Foreign exchange differences, net 954   (4,112 )
         
    Operating loss (3,040 ) (12,291 )
         
    Other income/(expenses):    
    Other income 131   597  
    Finance costs (14 ) (8 )
    Changes in fair value of financial instruments 473   (1,346 )
         
    Loss before tax (2,449 ) (13,048 )
    Income tax expense –   (52 )
    Loss for the period (2,449 ) (13,100 )
         
    Other comprehensive (loss)/income    
    Other comprehensive (loss)/income that may be classified to profit or loss in subsequent periods (net of tax):    
    Exchange differences on translation of foreign operations (1,378 ) 3,713  
         
    Other comprehensive (loss)/income that will not be reclassified to profit or loss in subsequent periods (net of tax):    
    Remeasurement gains on defined benefit plan –   1  
    Other comprehensive (loss)/income for the period, net of tax (1,378 ) 3,714  
         
    Total comprehensive loss for the period, net of tax (3,827 ) (9,386 )
         
    Loss per share attributable to ordinary equity holders of the parent    
    Basic and diluted (0.1 ) (0.3 )
             

    Unaudited Consolidated Statements of Financial Position

      As of March 31, As of December 31,
    (US$ in thousands) 2025 2024
         
    NON-CURRENT ASSETS    
    Non-current financial asset 600 600
    Intangible assets 1,215 1,018
    Property and equipment 174 215
    Right-of-use assets 1,034 744
    Deposits 36 25
    Total non-current assets 3,059 2,601
         
    CURRENT ASSETS    
    Accounts receivable 14,559 13,538
    Contract assets 12,571 11,825
    Prepayments and other assets 9,413 10,149
    Tax recoverable 108 63
    Pledged bank deposits 188 185
    Cash and cash equivalents 36,634 42,522
    Total current assets 73,472 78,282
         
    CURRENT LIABILITIES    
    Accounts and other payable 29,400 30,209
    Warrant liabilities 920 1,393
    Lease liabilities 625 442
    Tax payable 33 32
    Provisions 30 71
    Total current liabilities 31,007 32,147
         
    NET CURRENT ASSETS 42,465 46,135
         
    TOTAL ASSETS LESS CURRENT LIABILITIES 45,524 48,736
         
    NON-CURRENT LIABILITIES    
    Lease liabilities 424 294
    Provisions 42 –
    Deferred tax liabilities 30 30
    Defined benefit liabilities 187 185
    Total non-current liabilities 683 509
         
    Net assets 44,841 48,227
         
    EQUITY    
    Issued capital 4 4
    Reserves 44,837 48,223
    Total equity 44,841 48,227
         

    The MIL Network –

  • MIL-OSI Europe: Finland to receive €235 million in EIB financing for hospital and school upgrades

    Source: European Investment Bank

    • EIB provides €235 million in loans to improve hospitals and schools in Finland´s Uusimaa region.
    • Hospitals in Helsinki, Espoo and Vantaa, as well as schools in Vantaa among beneficiaries. 
    • Part of the EIB’s ongoing support for Finland’s public services, with over €3.8 billion invested in healthcare and education in recent years.

    The European Investment Bank (EIB) is signing two major financing agreements, totalling €235 million, to support critical public infrastructure in southern Finland. The funding will significantly enhance healthcare services across southern Finland and education services in Vantaa.

    The first agreement, worth €135 million, will support the modernisation of hospital infrastructure across the region. This includes improving access to specialised care, strengthening medical education, and enhancing the energy efficiency of hospital buildings. The financing is part of a broader €300 million loan package with the Helsinki University Hospital (HUS)—the joint authority for specialized healthcare in Helsinki and Uusimaa. Major upgrades are planned at hospitals in Meilahti in Helsinki, Jorvi in Espoo and Peijas in Vantaa.

    In parallel, the EIB is also lending €100 million to support the development of modern, energy-efficient educational facilities in Vantaa, a rapidly growing city just north of Helsinki. This tranche is part of a larger €350 million loan package. The initiative will benefit over 11,000 students and deliver more than 160,000 square metres of new and refurbished educational space across more than 30 facilities, including schools, day centers, and sports venues.

    “These projects will directly improve daily life for tens of thousands of people across southern Finland,” said EIB Vice-President Thomas Östros. “We are proud to support Finland in building modern, sustainable infrastructure that delivers better services and meets the highest environmental standards. Investing in healthcare and education is investing in people’s futures.”

    Both loans reflect the EIB’s goals of fostering sustainable urban development, promoting social inclusion, and advancing climate action through energy-efficient infrastructure.

    The major part of hospital upgrades in the Uusimaa region are due to be completed by the end of 2026.

    “The EIB is an important and reliable financier of investments for HUS,” said HUS Chief Financial Officer Jari Finnilä. “The EIB and HUS have a long-time cooperation in financing investments of specialized healthcare.”

    The works on the school buildings in Vantaa are scheduled to be completed within the next five years. “The long-term funding we receive from the EIB is vital to our efforts in renovating and constructing educational facilities,” said Vantaa Mayor Pekka Timonen.

    In Finland, the EIB has provided financing of more than €2.1 billion in healthcare and €1.7 billion in education over the past decade. Recent projects include the Laakso hospital construction and modern school facilities in Tuusula, Helsinki and Turku.

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    MIL OSI Europe News –

  • MIL-OSI: Elite Capital & Co. Limited Moves to 1 Cornhill After 12 Years at 33 St. James Square Amid Financial Sector Expansion

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 13, 2025 (GLOBE NEWSWIRE) — Mr. George Matharu, President and CEO of Elite Capital & Co. Limited, announced today that Elite Capital & Co. has relocated its headquarters from 33 St. James Square to the iconic 1 Cornhill, a landmark building in London’s financial district.

    “This move marks a pivotal moment in our growth. The expansion of our operations in the financial sector, coupled with the integration of NextGen Industrial Development Fund’s team into Elite Capital & Co. Limited, demanded exceptional scalability. 1 Cornhill provides the ideal environment to accommodate our ambitious vision and reinforce our leadership in global finance,” Mr. George Matharu said.

    Elite Capital & Co. Limited is a Financial Management company that provides project-related services, including Management, Consultancy, and Funding, particularly for large infrastructure and mega commercial projects.

    Elite Capital & Co. Limited offers a wealth of experience in Banking and Financial transactions and has a range of specialized advisory services for private clients, medium and large corporations as well as governments. It is also the exclusive manager of the Government Future Financing 2030 Program® and NextGen Industrial Development Fund™.

    Dr. Faisal Khazaal, Chairman of Elite Capital & Co., added, “Leaving 33 St. James Square is bittersweet, it’s where we built a legacy, sealing landmark deals that shaped our identity. Yet, 1 Cornhill represents a bold new chapter, mirroring Elite Capital’s stature not just in London, but as a global force in finance.”

    NextGen Industrial Development Fund redefines industrial financing by replacing debt with equity partnerships, empowering entrepreneurs to build factories without the burden of collateral or loan repayments. Targeting first-time industrialists and global firms expanding into MENA, NextGen provides end-to-end support, from land acquisition and infrastructure construction to cross-border financial solutions, ensuring projects thrive from day one.

    As a fund managed by Elite Capital & Co. Limited, NextGen’s innovative model aligns perfectly with Elite Capital’s vision for scalable, risk-shared growth. Together, they bridge the gap between visionary ideas and tangible industrial success, transforming the financial landscape for large-scale projects worldwide.

    Mr. George Matharu concluded his statement by saying: “Our new home is more than an address; it’s a testament to our clients, partners, and team who drive our success. We invite you to visit us at 1 Cornhill as we write the next era of excellence.”

    Contact Details –

    Elite Capital & Co. Limited
    1 Cornhill, City of London
    England, EC3V 3ND

    Telephone: +44 (0) 203 709 5060
    SWIFT Code: ELCTGB21
    LEI Code: 254900NNN237BBHG7S26

    Website: ec.uk.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f5b39113-0481-40a1-9206-ad9b0619ebd8

    The MIL Network –

  • MIL-OSI: Bitcoin Solaris Presale Enters Final Phase as $7 Token Heads for $20 Launch — 233% Growth Potential in Week

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, June 13, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S), one of the year’s most anticipated blockchain launches, has officially entered Phase 7 of its presale, offering investors a final chance to secure tokens at $7 before the price climbs to $8 — and eventually to a fixed launch price of $20.

    This final phase marks a major milestone for the project, with over $3.8 million already raised and 11,000+ unique participants joining the ecosystem ahead of its mainnet debut.

    A Blockchain Built for Performance and Participation

    Bitcoin Solaris is engineered with a hybrid consensus model that combines Proof-of-Work security with Delegated Proof-of-Stake scalability, enabling performance that rivals some of the fastest chains in the industry:

    • Transaction Speed: Over 100,000 TPS with dynamic block sizes
    • Finality: Achieved in under 2 seconds
    • Energy Efficiency: 99.95% lower consumption than traditional mining chains
    • Validator System: 21 rotating validators for decentralized governance
    • Smart Contracts: Rust-based, fully audited by Cyberscope and FreshCoins

    This architecture enables BTC-S to support complex smart contracts, cross-chain interoperability, and enterprise-grade applications — all while remaining accessible to users across mobile, desktop, and web platforms.

    The Final Phase of the Presale Is Creating Real Urgency

    Bitcoin Solaris has entered Phase 7 of its presale. The price has now risen to $7, with the next jump to $8 looming—and a launch price locked at $20. The upside? A built-in 233% potential gain for those who act before the cutoff.

    This isn’t just hype—it’s math backed by growth:

    • Over $3.8M raised
    • 11,000+ unique buyers
    • Less than 8 weeks left before the presale closes
    • One of the fastest and most aggressive crypto launches of the year

    A detailed breakdown by Ben Crypto highlights how BTC-S delivers beyond just price performance—showing why this chain is being seen as a foundational investment, not just a flip.

    Behind the Speed: The Architecture Driving Bitcoin Solaris

    Bitcoin Solaris combines security and scalability in a way few blockchains can match:

    • Proof-of-Work Base Layer using SHA-256 for robust network integrity
    • Delegated Proof-of-Stake Layer (21 validators, rotating every 24 hours)
    • Dynamic block sizes up to 32MB
    • TPS capacity of 100,000+, with 2-second finality
    • 99.95% lower energy use than traditional PoW networks

    All of this allows BTC-S to support heavy smart contract execution, cross-chain interoperability, and enterprise-grade deployments without congestion or bloat.

    Explore the Bitcoin Solaris Ecosystem Now

    Tokenomics That Reinforce Long-Term Value

    Bitcoin Solaris doesn’t just pump and dump. Its fixed supply of 21 million BTC-S tokens is structured to mimic Bitcoin’s scarcity while enabling real-world usability:

    • 66.66% reserved for mining (distributed over decades)
    • 20% for presale participants
    • 5% for liquidity
    • 2% for ecosystem growth
    • 2% for staking incentives
    • 2% for community rewards
    • 2% for marketing
    • 0.33% for team and advisors

    This tokenomics model ensures a healthy distribution curve while aligning incentives for long-term holders, developers, and validators.

    Why Bitcoin Solaris Has Millionaire-Making Potential

    Not every project has the mechanics to turn investors into wealth builders—but BTC-S is different. It’s not just the early entry point that makes it powerful. It’s the structure:

    • Staking rewards, validator rotation, and mining profits are shared across an active ecosystem
    • Smart contracts are fully audited by Cyberscope and Freshcoins, giving developers peace of mind
    • The upcoming release of a mobile-first mining experience will bring in a new wave of users who don’t need advanced hardware to benefit

    This isn’t a network built for whales—it’s built for participation. And the earlier that participation starts, the more rewarding it becomes.

    The Market’s Watching. The Window’s Closing.

    Trump’s pro-crypto stance may have shocked the markets, but it also validated what many in the community already knew: digital assets aren’t going anywhere. Bitcoin Solaris, with its hybrid consensus model, high-speed performance, and locked-in scarcity, is offering one of the last true “early” opportunities in a mature market.

    For more information on Bitcoin Solaris:
    Website: https://www.bitcoinsolaris.com/
     Telegram: https://t.me/Bitcoinsolaris
     X: https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    press@bitcoinsolaris.com

    Press Kit: Available upon request

    Disclaimer: This is a paid post and is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3d2cec4a-d68e-4f96-9317-4d485e5f0d38

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c365c49b-aea8-49b5-8b4e-50bd8134afd5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d8dd1d1d-9e5e-43f5-ba35-a0903a8ac58d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/196bef8c-32be-4409-803b-a2e7c513a3bc

    The MIL Network –

  • MIL-OSI Africa: Uganda: Museveni preaches benefits of East African Federation, criticises corrupt politicians


    Download logo

    President Yoweri Museveni has emphasised the benefits of the East African Federation, saying that it will lead to economic prosperity and heightened security in the region.

    President Museveni, who was speaking after the budget presentation by the Minister of Finance, Matia Kasaija, held in Kololo on Thursday, 12 June 2025, rallied lawmakers to appreciate the importance of the federation.

    “Economic and political integration are the correct answer to the question of economic prosperity and security,” said Museveni.

    Making reference to the history of the EAC started in 1967 and collapsed a decade later, Museveni said that the community was re-launched in 1999 in the spirit of patriotism and pan Africanism, following the realisation of the need for market for goods and services in the region.

    “We are glad by 1980, African leaders had started seeing the importance of market integration as part of the Lagos plan of action,” he said.

    Tracing back to the history of other African countries and Uganda’s experience after independence, Museveni said that it was discovered that the internal market for goods and services was not enough.

    “As we speak today, Uganda has got surplus of milk, maize, bananas, cement, etc. Where do we sell all these,” he said, adding that East African and African countries are now buying some of the surpluses.

    “Otherwise, these sectors of the economy would have collapsed by now. That is how the National Resistance Movement developed the second principle of Pan Africanism because we need it for our prosperity,” he said.

    The ready market for goods and services, according to Museveni leads to prosperity of African countries, thereby reducing dependence on foreign aid.

    “The East African Community has now expanded to incorporate Rwanda, Burundi, South Sudan, DRC and Somalia. In addition, we have COMESA and the Continental Free Trade Area. We need to remove all the trade barriers and develop infrastructure to facilitate this trade,” Museveni added.

    He also spoke against trade imbalances, stressing the need to assist countries that are joining the federation.

    “We do not want a common market where some countries benefit and others lose, no, it is very dangerous,” Museveni said.

    Museveni also spoke tough against politicians giving handouts to voters for political support, saying that such leaders are enabling corruption.

    “Politics is about principles and policies. That is what you should be telling the public to choose from,” he said.

    He advised voters against electing leaders based on handouts, saying that they need leaders who will instead help in the fight against corruption.

    “Do not accept petty money from politicians and throw away your power to elect politicians who will help to fight corruption,” said Museveni.

    Local Government District officers were not spared, and the President vowed to take action against those found culpable of mismanaging the Shs1.3 billion meant for road maintenance.

    He said that he discovered that some districts were instead using the funds to construct new roads.

    “In the case of Bunyangabo district, they were mixing up issues. The Shs1.3 billion is for maintenance, not for constructing new roads. I will check and if I find out, there will be casualties among local government officials,” he said.

    Digital number plates targeting criminals

    President Museveni also dismissed claims that the new digital vehicle number plates are meant for collecting fines, but rather aimed at enhancing security, saying that they are traceable through the central command centre.

    “Every vehicle must have a digital number plate. It is about security. Criminals are acting with impunity,” he said.

    Referring to the case in which a 45-year-old Godfrey Wanyengera, a resident of Mukono was killed in a road accident, Museveni said that such criminal activities can be countered with the digital number plates.

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

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: SFST made positive progress with signing of CDTA with Norway during his visit

    Source: Hong Kong Government special administrative region

    SFST made positive progress with signing of CDTA with Norway during his visit  
         To unlock new opportunities in the area of maritime finance, Mr Hui met with the Chief Customer Officer, Ms Line Dahle, and Vice President and Head of Analytics, Mr Sigvald Fossum, of Norwegian marine and energy insurance provider Gard, which has a strong presence in Hong Kong’s marine insurance market and provides services to manage maritime risk for clients. He also met with the Vice-President and Director of Group Government and Public Affairs of DNV, Mr Lars Almklov. The global assurance and risk management company DNV has been recognised by the Hong Kong Monetary Authority as an approved external reviewer for the Green and Sustainable Finance Grant Scheme.
     
         Mr Hui told management members of the two companies that Hong Kong and Norway possess complementary strengths that can create a compelling case for financial co-operation. While Norway’s maritime industry is the cornerstone of its economy, Hong Kong’s maritime services industry is also a valued brand in the international arena. Joint ventures in maritime insurance could combine Norway’s expertise in marine risk management with Hong Kong’s accessibility, creating comprehensive solutions for the sector and addressing the new demands arising from geopolitical and climatic challenges. He highlighted that Hong Kong has a sophisticated ecosystem for ship financing and leasing, supported by tax incentives and its strategic location along global trade routes.
     
    On June 12 (Oslo time), Mr Hui paid a courtesy call to the Chinese Ambassador Extraordinary and Plenipotentiary to the Kingdom of Norway, Ms Hou Yue.
     
    He also had a meeting with the Director of Politics and Society of Finance Norway, Mr Jan Erik Fane, and other management staff. Finance Norway is the industry organisation for the financial sector in Norway, representing banks, insurance companies and other financial institutions on regulatory, policy and industry developments.
     
         Mr Hui noted that the Norwegian sovereign fund is one of the largest funds in the world and is positioned as a pioneer in responsible investing with a strong emphasis on Environmental, Social and Governance principles. He said that the shared focus of Hong Kong and Norway on sustainability creates significant opportunities for collaboration.
         At a dinner reception co-organised by the Hong Kong Economic and Trade Office, London, and the Norway-Hong Kong Chamber of Commerce on June 11 (Oslo time), Mr Hui said that even though there is a geographical distance of around 8 600 kilometres between Norway and Hong Kong, the two places share more commonalities in the financial market than perceived.
     
         The first one is the commitment to green and sustainable developments. Hong Kong is striving to achieve carbon neutrality before 2050, and the Government launched a roadmap last December to require publicly accountable entities (PAEs) to adopt the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) and to provide a well-defined pathway for large PAEs to fully adopt the ISSB Standards no later than 2028.
     
         Just last week, Hong Kong issued a new round of Government green bonds and infrastructure bonds to channel market capital to support green projects and promote sustainable developments in Hong Kong. This round of bonds amounts to a total of around US$3.5 billion, denominated in Hong Kong dollars, Renminbi, US dollars and euros. The offering attracted participation from a wide spectrum of investors from more than 30 markets across Asia, Europe, Middle East, and the Americas, with total orders amounting to an equivalent of around US$30 billion, representing a subscription ratio of almost nine times.
     
         The other commonality is expertise in wealth management. Mr Hui noted that Norway’s expertise in long-term asset management driven by its sovereign fund aligns seamlessly with Hong Kong’s position as Asia’s premier wealth management centre. Capitalising on Hong Kong’s advantages of having a solid financial infrastructure and an extensive international client base, abundant co-investment opportunities are available for Norwegian capital in the Asian markets, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
     
         More commonalities lie in fintech and digital finance. Norway is a highly digitalised economy that has fostered advancements in mobile payment systems, blockchain technology, and digital asset management. At the same time, Hong Kong is home to around 1 100 fintech companies and start-ups. The Government endeavours to boost fintech developments through measures such as enhancing fintech infrastructures, nurturing talent, establishing regulatory regimes for digital assets such as the stablecoin regulatory regime to be enacted on August 1. The second edition of a policy statement on digital assets will also be promulgated soon. By combining Norway’s technological innovation with Hong Kong’s access to Asian markets, the partnership could drive cutting-edge solutions that redefine digital finance on a global scale.
     
        Mr Hui has returned to Hong Kong in the evening of June 13.
    Issued at HKT 18:33

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI: Bitget’s May Report Highlights 21% increase in Futures Trading Volume Accelerating it to top #3 exchange

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 13, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released its May 2025 Transparency Report, highlighting growth in trading activity, product innovation, global expansion, and social impact despite a consolidating crypto market.

    In May, the total crypto market cap fluctuated from a high of $3.6 trillion to close at $3.28 trillion, with daily trading volume averaging $84.44 billion. Despite broader market consolidation, Bitget’s trading volume surged by 21%, led by a 26% increase in futures trading. Spot trading reached $107 billion, ranking Bitget as the #3 crypto exchange globally by spot volume, just behind Binance and Bybit, and capturing an estimated 8.9% market share, according to Coingecko data.

    Bitget added over 500,000 new users in May alone, contributing to more than 2 million new users in Q2 2025. Bitget also recorded an industry-leading 192% Proof of Reserves ratio, and its Protection Fund hit an all-time high of $725 million, reflecting a long-term commitment to transparency, asset security, and user protection.

    May was a milestone month for Bitget Wallet, which rebranded under the “Crypto for Everyone” identity and rolled out major upgrades. Key launches included Paydify integration for seamless LATAM fiat onramps, a “Shop with Crypto” marketplace for spending at 300+ global brands, and Bitget Wallet Alpha, a mobile-native hub for token discovery and one-click trading across 130+ blockchains.

    Bitget forged key partnerships to drive adoption and education, teaming up with Sweat to expand crypto access in Southeast Asia, and collaborating with Cryptita to launch a blockchain encyclopedia for youth, promoting early crypto literacy.

    Product rollouts this month included the highly anticipated launch of Bitget Live, a real-time streaming feature designed to empower creators and expert traders to share their insights directly on the platform. The exchange also unveiled BGUSD, a USDC-pegged stablecoin backed by tokenized real-world assets including US Treasuries. Bitget Wallet became the official wallet for LINE’s Mini Dapp Portal, allowing LINE’s 196 million users to access Kaia chain games and tools via Bitget.

    Bitget continued to expand its listing of new digital assets, welcoming RLUSD, Ripple’s USD-backed stablecoin, to its platform. Bitget also listed Shardeum, a scalable, EVM-compatible Layer 1 blockchain, allowing users to access high-performance DeFi protocols and smart contract applications. The addition of USD1, a stablecoin issued by World Liberty Financial and affiliated with the Trump family, signaled Bitget’s commitment to onboarding digital assets that aim to bridge fiat and crypto for broader user adoption.

    In May, Bitget advanced its social impact efforts through its Blockchain4Youth program, which marked two years with over 8,000 participants and global outreach across 70+ countries. It also supported Google’s “Build With AI” Hackathon, delivered emergency aid to earthquake-affected families in Myanmar, and expanded its Starlink Program in the Philippines to bring satellite internet to underserved islands, supporting long-term digital and blockchain inclusion.

    From its strong on-chain integrations to fiat-crypto innovation, Bitget continues to set new benchmarks in exchange trust, product utility, and real-world Web3 applications. Bitget’s sustained momentum positions it as a key driver in the next phase of crypto evolution.

    For the full transparency report, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. 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/5780c3bf-ff65-4550-a482-35cb88758332

    The MIL Network –

  • MIL-OSI: Hyperscale Data’s Subsidiary, Sentinum, Announces Anticipated Annual Bitcoin Mining Run Rate of Approximately $41 Million

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 13, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), announced today that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) expects that starting in July 2025, it should be mining an aggregate of approximately 375.24 Bitcoin per year. Such operations would represent a current Bitcoin mining annual run rate of approximately $41 million worth of Bitcoin. The mining run rate is based upon a recent Bitcoin price of approximately $108,000.

    These projections are based upon the full time, year round usage of approximately (i) 9,100 miners currently operating at Sentinum’s data center in Michigan, (ii) 6,800 miners to be hosted by Montana OP LLC, which are anticipated to be delivered, installed and in operation by the end of June 2025 and (iii) 3,300 miners to be operating at Sentinum’s data center in Montana, of which 2,600 are anticipated to be in operation by the end of June 2025 with the remaining 700 to be in operation during July 2025.

    “We’re proud to reach this milestone,” said Milton “Todd” Ault III, Founder and Executive Chairman of Hyperscale Data. “Our anticipated annual run rate of $41 million a year in Bitcoin mining highlights the scale we’ve built and our team’s ability to execute in a highly competitive market. We are excited to capitalize on favorable Bitcoin prices and look forward to the Sentinum team placing into operation the 10,100 Bitcoin mining machines over the next month.”

    Hyperscale Data notes that all estimates and other projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to deliver and provide the necessary power for miners, the obligation to deliver Bitcoin mined as payment towards fees and deposits until paid in full, full utilization of the miners for an entire year and other factors that may impact the results of Bitcoin mining production or operations. In addition, Hyperscale Data cautions that revenue will only be recognized to the extent that Bitcoin (or cash upon the sale of Bitcoin) is deposited into our account, which amount will be less than the value of all Bitcoin mined.

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence (“AI”) ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI Europe: Press conference following Council of Ministers meeting no. 131

    Source: Government of Italy (English)

    12 Giugno 2025

    Council of Ministers meeting no. 131 was held at Palazzo Chigi today. Following the meeting, Minister of Enterprises and Made in Italy Adolfo Urso, Minister of Labour and Social Policies Marina Elvira Calderone and Deputy Minister of Economy and Finance Maurizio Leo held a press conference to illustrate the measures adopted.

    MIL OSI Europe News –

  • MIL-OSI Asia-Pac: Senior Police Call AGM cum Luncheon held (with photos)

    Source: Hong Kong Government special administrative region

    Senior Police Call AGM cum Luncheon held  
    Speaking at the luncheon, the Commissioner of Police, Mr Chow Yat-ming, said the SPC has been established for over ten years, aiming at promoting safety, health and community participation of the elderly. The Government adopted measures to promote the silver economy last month to enhance the quality of life for the elderly. In line with the policy direction, the SPC has launched a wide range of activities and training programmes to help its members achieve physical, mental and spiritual health.
     
    In order to enhance the anti-deception awareness among senior citizens and to tackle the various and emerging deception tactics, the SPC launched the “IT Captain” training programme in May this year. This includes the education on the use of the one-stop scam and pitfall search engine “Scameter+”. Together with the “SPC Wealth Management and Anti-Investment Scam Ambassador” programme, the elderly get familiarised with the latest scam tactics and cyber traps, and are encouraged to spread the message of fraud prevention in the community. Trained “IT Captains” will guide elderly and citizens in the community to use the commonly-used mobile apps of the Government, assisting them to integrate into digital life.
     
    An increase of 28 per cent was recorded in the number of deception cases involving elderly victims, reaching 6 345 cases in 2024 compared to 4 929 cases in 2023. There was also an increase of approximately 20 per cent in related fraud cases from January to April this year compared to the same period last year, to over 1 700 cases. Of these, more than half were classified as online frauds, while around 40 per cent were related to telephone scams.
     
    At the AGM today, 44 SPC members were presented with the “Best SPC Captain” and “Most Active SPC Member” awards in recognition of their enthusiastic participation over the past year.
     
    The newly launched “PALS@SPC” initiative this year represents four key themes of the SPC’s activities, with “P” standing for “Participate”, “A” for “Alert”, “L” for “Learn” and “S” for “Safeguard”. The SPC will continue to collaborate with various organisations to roll out a broader range of programmes, encouraging more senior citizens to become SPC members, and to enhance themselves through recreation and sports activities as well as courses and seminars. Being crime-fighting partners of the Police, SPC members join hands to serve the community and achieve the SPC sprit – “Helping Oneself and Others”.

    Issued at HKT 18:11

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Hong Kong’s international gourmet hub status attracts Mainland coconut chicken hot pot chain to open first restaurant in Hong Kong (with photos)

    Source: Hong Kong Government special administrative region

         ​Invest Hong Kong (InvestHK) announced today (June 13) that Runseason World Trade Catering Co Ltd (Runseason), a Mainland catering brand specialising in coconut chicken hot pot, has officially opened its first restaurant in Hong Kong, marking a significant step in its global expansion strategy.

         The new restaurant, located in Causeway Bay, will also serve as a regional office and a strategic launch pad for the company’s ambitions to enter European markets and elevate its brand on the global stage, according to Runseason co-founder Mr Huang Guangchun.

         Associate Director-General of Investment Promotion at InvestHK Mr Arnold Lau said, “Runseason’s decision to establish its foothold in Hong Kong underscores the city as the premier choice for Mainland brands to go global. It also highlights Hong Kong’s unique advantages as a launch pad for food and beverage companies aiming to expand internationally. We are delighted to support Runseason in leveraging Hong Kong’s vibrant market and international connectivity to achieve its ambitious expansion goals.”

         Mr Huang said, “Hong Kong’s status as an international culinary hub, with its mature market and diverse consumers, makes it the ideal base for Runseason to refine its product offerings, strengthen its supply chain resilience, and enhance its digital services. Aligning with the company’s ‘family standards and conscientious quality’ philosophy, the Hong Kong restaurant will develop a replicable model for global expansion, showcasing its signature coconut chicken hot pot and innovative dishes to a global audience.”

         He added, “Hong Kong, as an international city where East meets West, provides an unparalleled opportunity for Runseason to introduce our coconut chicken – a delicacy rooted in Eastern dietary wisdom – to international markets. By leveraging Hong Kong’s diverse consumer base and its reputation for culinary excellence, we aim to transform this regional specialty into a global cultural symbol of healthy and sustainable dining.”

         Founded in 2009, Runseason is a subsidiary of Shenzhen Runyuan Four Seasons Catering Co Ltd, offering its signature coconut chicken hot pot, in which the brand sources fresh ingredients directly from its own coconut plantations and Wenchang chicken breeding farm in Hainan, ensuring a premium dining experience. It operates over 20 restaurants across Mainland China, bringing its beloved hot pot to an ever-growing customer base. 

         For more information about Runseason, please visit mp.weixin.qq.com/s/Cn8mevI9TxnrmaIT72fksA.

         For a copy of the photos, please visit www.flickr.com/photos/investhk/albums/72177720326792123.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Bitget Onchain Rolls Out Major Feature Upgrades to Empower Smarter Trading

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 13, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced a series of powerful feature upgrades including limit order, smart position TP/SL, and new token alert, for its Onchain platform, aimed at providing users with more precision, control, and real-time insights into onchain trading.

    The latest updates introduce key enhancements to trading execution, risk management, market tracking, and user experience. Limit order functionality is now live, allowing traders to define their own execution prices with greater precision and efficiency. The Onchain platform also supports smart take-profit and stop-loss tools, enabling users to pre-set target profits or losses and automate position management with a single click. To give traders greater flexibility, gas and slippage settings can now be adjusted across multiple modes.

    Bitget Onchain has also improved its real-time market visibility. K-line candlestick charts are now updated live, ensuring users have access to the most current market data as prices move. A new chart overlay combines price data with market capitalization, offering a dual-layered perspective for more informed decision-making.

    The platform also introduced a new token subscription feature that sends instant alerts when new tokens are listed, helping users stay ahead of emerging opportunities. Search functionality has also been upgraded to support direct queries using contract addresses, making it easier to identify high-potential assets. In addition, Bitget Onchain has launched a new sharing feature that allows users to showcase their open positions and trading performance seamlessly across platforms.

    “At Bitget, we’re committed to building a seamless and intelligent onchain trading environment,” said Gracy Chen, CEO of Bitget. “With these new features, users gain more precision, better automation, and deeper visibility into the market—all essential to staying ahead in a fast-moving space and making smarter trading decisions.”

    Bitget Onchain was officially launched on April 7, 2025, as a frictionless onchain trading solution for all users. By combining the speed and simplicity of a CEX with direct access to onchain assets, it allows users to trade using USDT from their spot accounts across major chains such as Solana, BNB Chain, and Base. To date, Bitget Onchain has included over 230 trendy assets, recorded over 1 million cumulative trading actions, and facilitated over $200 million in total trading volume.

    With CEX-grade security and AI-powered token screening, Bitget Onchain makes DeFi trading simpler, safer, and more accessible, especially for new users seeking early opportunities in emerging markets.

    For more information on Bitget OnChain, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. 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/e0f2ea8b-9246-40f2-a7f4-0805abd9cfd5

    The MIL Network –

  • MIL-OSI Africa: IEC to host the first Symposium on Political Funding in SA

    Source: South Africa News Agency

    IEC to host the first Symposium on Political Funding in SA

    The Electoral Commission is preparing to host a symposium on Political Funding in South Africa. 

    This follows four years of implementing the Political Funding Act of 2018. This law took effect on 1 April 2021. 

    The symposium will be held in Durban, KwaZulu-Natal, on 18 and 19 June 2025.

    The symposium will be held under the theme: “Sustaining Multi-Party Democracy through Enhancing Political Funding Regulation in South Africa”.

    The aim of the symposium is to foster informed dialogue on matters related to the use of money in politics, the required transparency and accountability models, as well as possible reforms to ensure an effective political finance regulatory regime in South Africa.

    The key highlights of the programme of the symposium include opening remarks by the chairperson of the Electoral Commission, Mosotho Moepya.

    The Chief Electoral Officer, Sy Mamabolo, and the political funding unit will outline the experience of implementing the law since its promulgation. This aspect will involve the points of success and areas of challenge. 

    The Human Sciences Research Council will outline the preliminary outcomes of a research study which, amongst others, gathered the views and perspectives of stakeholders and the public on political financing in the country. Several scholars will also present their work in this area.

    The Minister of Finance, Enoch Godongwana, is also scheduled to address the symposium. The Minister is expected to provide a perspective on the public funding of elected representatives to enhance multi-party democracy.

    Highlights of the programme include the following:

    • A global perspective on political funding and campaign finance.

    • The role and mandate of the political funding framework in strengthening democratic governance.

    • Assessing the capacity and commitment of key stakeholders in improving the regulation of political funding.

    • Transparency in public and private political party funding.

    The symposium will convene a wide range of stakeholders, including representatives from political parties, Members of Parliament, academia, civil society, media, the business sector, as well as international and intergovernmental organisations.

    Speaking ahead of the symposium, Mamabolo said a collective commitment to enhancing transparency in the political funding landscape is important to foster a vibrant system of multiparty democracy. 

    “By convening diverse stakeholders, we aim to critically assess our progress and explore avenues for strengthening the current regulatory framework and thus ensure that our democracy remains robust and resilient,” he said. – SAnews.gov.za

    Edwin

    MIL OSI Africa –

  • 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 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 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 –