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Category: Trade

  • MIL-OSI Europe: Ireland joins the Equal Pay International Coalition (EPIC)

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    30th July 2025

    Minister of State for Small Business, Retail and Employment Alan Dillon has today announced Ireland’s accession to the Equal Pay International Coalition; a multilateral partnership working to reduce the gender pay gap at global, regional and national levels.

    Minister Dillon made the announcement on the margins of the G20 Labour and Employment Ministerial Meeting, taking place on 30-31 July in George, South Africa.

    Minister Dillon said: 

    “I am proud to announce that Ireland has officially become a member of the Equal Pay International Coalition. This marks a significant step forward in our commitment, as a nation, in ensuring that all individuals, regardless of gender, receive equal pay for work of equal value. Aligned with the vision of the United Nations Agenda for Sustainable Development, the Coalition works to accelerate progress toward this goal, recognising that sustained and collective efforts are needed to close the gender pay gap.” 

    EPIC is a global initiative that brings together governments, employer and worker organisations, academia, civil society and private sector entities to tackle the gender pay gap through coordinated action. It operates at global, regional and national levels, making it the only coalition of its kind to focus on equal pay.  

    Gilbert Houngbo, International Labour Organization (ILO) Director General, said:

    “On behalf of the ILO, I warmly welcome Ireland to the Equal Pay International Coalition. As a co-lead of EPIC, together with UN Women and the OECD, we are pleased to witness the growing momentum behind this global effort to redress pay inequalities. Ireland’s strong legal framework and commitment to social dialogue further strengthen the Coalition. We look forward to Ireland’s active engagement as we work together to advance equal pay for work of equal value everywhere.” 

    Maíra Lacerda, Head of the Special Advisory Office for International Affairs at the Ministry of Labor and Employment of Brazil and Chair of EPIC said: 

    “As the Chair of EPIC, I warmly welcome Ireland to the Coalition. Every new member brings valuable expertise and fresh momentum to our shared mission. Ireland’s longstanding commitment to pay equity and social dialogue strengthens our collective efforts to tackle persistent pay inequalities and promote fairer, more inclusive labour markets. Together, we grow stronger and closer to the goal of equal pay for work of equal value.”

    Minister Dillon went on to say: 

    “As an EPIC member, Ireland will benefit from membership including through access to a wealth of global resources. We will also have the opportunity to exchange best practices with international counterparts and tap into a dynamic network of policy and equality experts. Joining EPIC is a joint initiative between the Department of Enterprise, Tourism and Employment and the Department of Children, Disability and Equality, which leads on gender equality and gender pay gap policy.  This combined approach is designed to maximise the impact of Ireland’s membership of EPIC.” 

    ENDS

    Notes for Editors

    • The Equal Pay International Coalition (EPIC) is led by the International Labour Organization (ILO), UN Women, and the Organisation for Economic Co-operation and Development (OECD). 
    • It is currently the only multi-stakeholder partnership working to reduce the gender pay gap at global, regional and national levels.
    • The Coalition’s goal is to achieve equal pay for women and men everywhere. EPIC supports governments, employers, workers, and their organisations to make concrete and coordinated progress towards this goal. 
    • The Coalition comprises 67 members, including government entities from 28 countries, international and national employer and worker organisations, international organisations, academia, civil society organisations, as well as the private sector. 
    • The Irish Congress of Trade Unions is a member of the Coalition. 

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    MIL OSI Europe News –

  • MIL-OSI: Bitget Launchpool Features GAIA with over 4.7M Tokens in Rewards

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 29, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the feature of Gaia (GAIA) on its launchpool as well as a listing for spot trading. Gaia is a decentralized computing infrastructure that enables everyone to create, deploy, scale, and monetize their own AI agents. Trading for the GAIA/USDT pair will begin on 30 July 2025, 09:00 (UTC).

    Bitget’s GAIA Launchpool campaign is offering 4,741,300 GAIA in total rewards. Eligible users can participate by locking BGB during the event, which runs from 30 July 2025, 09:00 to 1 August 2025, 09:00 (UTC). In the BGB locking pool, users can lock between 5 and 50,000 BGB, with maximum limits determined by their VIP tier, for a chance to earn a share of 3,858,300 GAIA.

    Alongside the listing, Bitget will launch a CandyBomb campaign with 633,000 GAIA available in rewards. Of this, 211,000 GAIA will be allocated to the GAIA, BTC and BGB trading pool for new users, while 422,000 GAIA will be up for grabs in the GAIA trading pool for existing users. The campaign will run from 30 July 2025, 9:00 till 6 Aug 2025, 9:00 (UTC).

    Bitget will also run an X Giveaway, where 750 qualified users will have the chance to win a share of 125,000 GAIA. The campaign runs from 30 July 2025, 9:00 to 1 August 2025, 9:00 (UTC). To participate, users must follow Bitget and Gaia on X, quote the giveaway post with the hashtag #GAIAxBitgetLaunchpool, tag a friend, sign up, deposit or trade GAIA on Bitget, and complete the form linked in the post.

    In addition, a community campaign will run from 30 July 2025, 9:00 to 6 Aug 2025, 9:00 (UTC), offering another 125,000 GAIA to be shared among 750 qualified users. To join, users need to become members of both the Bitget Discord and BGB Holders Group, sign up, make a net deposit of over 100 USDT, and complete any GAIA/USDT spot trade.

    Gaia is a decentralized AI network that enables users to host, own, and interact with autonomous AI agents in a secure and transparent environment. Built on blockchain technology, Gaia ensures each AI node operates independently while contributing to a broader, interconnected ecosystem. Users can deploy advanced models such as Qwen2 0.5B Instruct and customize them using personal or business data to create tailored AI services.

    By prioritizing data sovereignty and privacy, Gaia introduces a new model for decentralized AI development and monetization. Its user-friendly infrastructure allows individuals to easily install node software, configure models, and participate in domain-based AI collaboration, unlocking new possibilities for innovation in the Web3 space.

    Bitget continues to expand its offerings, positioning itself as a leading platform for cryptocurrency trading. The exchange has established a reputation for innovative solutions that empower users to explore crypto within a secure CeDeFi ecosystem.

    With an extensive selection of over 800 cryptocurrency pairs and a commitment to broaden its offerings to more than 900 trading pairs, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON. The addition of Gaia into Bitget’s portfolio marks a significant step toward expanding its ecosystem by embracing decentralized AI innovation, empowering users with greater control over data privacy, and supporting the next generation of AI-driven Web3 applications.

    For more details on Gaia, 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 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.

    Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    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/7730d634-b088-4a1c-b437-c1051b2dd570

    The MIL Network –

  • MIL-OSI Economics: Secretary-General of ASEAN participates in the 17th FJCCIA Dialogue in Jakarta

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, and the Federation of Japanese Chambers of Commerce and Industry in ASEAN (FJCCIA) Chairman, Mr. Wakabayashi Koichi, today led the 17th Dialogue between the Secretary-General of ASEAN and the FJCCIA at the ASEAN Headquarters/ASEAN Secretariat. Joined by Japan External Trade Organization (JETRO) President, Mr. Kataoka Susumu, Japanese government representatives and key members of Japanese chambers across ASEAN, the dialogue explored critical areas such as resilient supply chains, green economy & sustainability, and digital economy & emerging technologies. The high-level exchange aligned with ASEAN’s priorities, fostering actionable policies to enhance regional competitiveness and deepen the ASEAN-Japan Comprehensive Strategic Partnership.
     
    Download the full remarks here.
     

    The post Secretary-General of ASEAN participates in the 17th FJCCIA Dialogue in Jakarta appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • Sensex, Nifty trade flat after early losses; realty stocks lead gains

    Source: Government of India

    Source: Government of India (4)

    The Indian stock market opened lower on Tuesday but recovered mildly to trade flat by mid-morning amid mixed global cues and cautious investor sentiment.

    At 9:29 AM, the BSE Sensex was nearly unchanged, edging up just 1.69 points to trade at 80,892, while the NSE Nifty rose 16 points or 0.06% to 24,696. The indices had opened in the red, with Nifty briefly dipping to around 24,600 at the bell.

    According to Hardik Matalia, equity strategist at Choice Equity Broking, the Nifty may find support at 24,600, followed by 24,500 and 24,300, while facing immediate resistance at 24,800, and further barriers at 24,900 and 25,000.

    “A sustained move above the 25,000 mark is critical to easing the current selling pressure,” Matalia noted. “As long as the index remains below that level, the short-term trend remains weak. Traders should follow a sell-on-rise approach,” he added.

    In early trade, realty stocks outperformed, with the Nifty Realty index leading sectoral gains. However, IT stocks slipped, with the Nifty IT index declining 0.32%. The Nifty Bank index remained largely flat, down 0.01%.

    Among the top gainers in the Nifty pack were JSW Steel, Jio Financial, IndusInd Bank, Reliance Industries, and Shriram Finance. On the other hand, Eternal led the laggards with a 1.64% drop, followed by Infosys, SBI Life Insurance, Wipro, and Bharat Electronics.

    Market sentiment was dampened by the lack of progress on a much-anticipated India–US trade deal, with expectations dimming for an agreement before the August 1 deadline.

    In global markets, Wall Street presented mixed signals. The Dow Jones Industrial Average declined 0.14%, while the Nasdaq Composite rose 0.33%. The S&P 500 closed nearly flat, up by just 0.02%.

    Across Asia, trading sentiment remained cautious. Japan’s Nikkei 225 dropped 0.91%, and Hong Kong’s Hang Seng Index fell 0.93%. However, South Korea’s Kospi gained 0.59%, while Chinese markets remained largely flat during morning hours.

    On the institutional front, Foreign Institutional Investors (FIIs) extended their selling streak for the sixth consecutive session, offloading equities worth ₹6,082 crore on Monday. In contrast, Domestic Institutional Investors (DIIs) were net buyers, purchasing shares worth ₹6,764 crore, offering some support to the market.

    – IANS

  • MIL-OSI: Equinor ASA: Share buy-back – third tranche for 2025

    Source: GlobeNewswire (MIL-OSI)

    Please see below information about transactions made under the third tranche of the 2025 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).

    Date on which the buy-back tranche was announced: 23 July 2025.

    The duration of the buy-back tranche: 24 July to no later than 27 October 2025.

    Further information on the tranche can be found in the stock market announcement on its commencement dated 23 July 2025, available here: https://newsweb.oslobors.no/message/651645

    From 24 July to 25 July 2025, Equinor ASA has purchased a total of 519,300 own shares at an average price of NOK 258,9479 per share.

    Overview of transactions:

    Date Trading venue Aggregated daily volume (number of shares) Daily weighted average share price (NOK) Total daily transaction value (NOK)
             
    24 July OSE 259,300 258.5174 67,033,561.82
      CEUX      
      TQEX      
             
    25 July OSE 260,000 259.3773 67,438,098.00
      CEUX      
      TQEX      
             
    Total for the period OSE 519,300 258.9479 134,471,659.82
      CEUX      
      TQEX      
             
    Previously disclosed buy-backs under the tranche OSE      
    CEUX      
    TQEX      
    Total      
             
    Total buy-backs under the tranche (accumulated) OSE 519,300 258.9479 134,471,659.82
    CEUX      
    TQEX      
    Total 519,300 258.9479 134,471,659.82

     
    Following the completion of the above transactions, Equinor ASA owns a total of 26,085,243 own shares, corresponding to 1.02% of Equinor ASA’s share capital, including shares under Equinor’s share savings programme (excluding shares under Equinor’s share savings programme, Equinor owns a total of 16,896,488 own shares, corresponding to 0.66% of the share capital).

    This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and that is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

    Appendix: A overview of all transactions made under the buy-back tranche that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

    Contact details:

    Investor relations
    Bård Glad Pedersen, senior vice president Investor Relations,
    +47 918 01 791

    Media
    Sissel Rinde, vice president Media Relations,
    +47 412 60 584

    Attachment

    The MIL Network –

  • MIL-OSI: CoinShares Launches SEI ETP with Zero Management Fees and 2% Staking Yield

    Source: GlobeNewswire (MIL-OSI)

    Europe’s leading digital asset manager delivers institutional access to SEI, a breakthrough layer 1 blockchain with staking rewards

    29 July 2025 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the European leading investment company specialising in digital assets with over $9 billion in assets under management, today launched the CoinShares Physical Staked SEI (Ticker: CSEI, ISIN: GB00BSLNZT73) – the world’s first zero fee exchange-traded product offering regulated exposure to SEI’s high-performance blockchain infrastructure.

    This launch combines CoinShares’ proven track record of delivering institutional-grade digital asset innovations with SEI’s layer 1 technology engineered to power the next generation of decentralized applications.

    Strategic Timing Meets Market Demand

    As European institutional appetite for diversified blockchain exposure accelerates, CoinShares has identified SEI as a standout performer in the competitive layer 1 landscape. SEI is designed to combine scalability, speed, and developer simplicity into one high-performance chain, providing industry leading infrastructure for digital asset trading with institutional-grade performance.

    “We don’t just follow trends – we identify the crypto technologies that will define the future of digital finance. SEI represents exactly what institutional investors have been waiting for: a blockchain that speaks their language of performance, reliability, and scale, backed by top-tier VCs and leading platforms.” commented Jean-Marie Mognetti, CEO and Co-Founder of CoinShares

    Three Critical Market Problems Solved

    The launch addresses three critical market gaps:

    • Institutional Access Barrier: Previously, gaining exposure to SEI required navigating complex custody and operational challenges. The CoinShares Physical SEI ETP eliminates these friction points entirely.
    • Yield Generation: In today’s competitive investment landscape, the ETP’s integrated staking mechanism delivers 2% additional returns to investors automatically – with zero management fees.
    • Regulatory Certainty: Available on SIX exchange with full regulatory compliance.

    The Perfect Partnership

    This launch represents the strategic alignment of two institution-focused organisations. CoinShares’ rigorous due diligence process identified SEI as a rare combination of technological superiority and institutional readiness.

    “This launch reinforces CoinShares’ position as the institutional gateway to digital asset innovation. We’re not just offering exposure to SEI – we’re delivering institutional-grade access to the future of high-performance blockchain infrastructure, with unique cost-effectiveness.” – Jean-Marie Mognetti, CEO and Co-Founder of CoinShares

    Jay Jog, Co-Founder of Sei Labs, commented, “We’re honored that CoinShares has chosen to launch the world’s first SEI ETP. CoinShares has been instrumental in bridging the gap between institutional capital and crypto innovation, and this partnership reflects our shared commitment to delivering institutional-grade blockchain infrastructure. The Sei network is uniquely positioned to meet the performance demands of sophisticated financial markets, and through CoinShares’ proven platform, institutional investors can now access this next-generation infrastructure with the reliability and regulatory certainty they require.”

    Product Highlights

    • Zero Management Fees: Management fee reduced to 0 to maximize investor returns
    • 2% Staking Yield: Automatic yield generation without operational complexity
    • Physically Backed: Direct 1:1 exposure to underlying SEI tokens
    • Exchange Trading: Trade in USD on SIX exchange like traditional securities
    • European Access: Passported across CoinShares Physical existing market footprint

    About CoinShares

    CoinShares is a leading global digital asset manager that delivers a broad range of financial services across investment management, trading, and securities to a wide array of clients that include corporations, financial institutions, and individuals. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK, and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

    For more information on CoinShares, please visit: https://coinshares.com
    Company | +44 (0)1534 513 100 | enquiries@coinshares.com
    Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

    About SEI

    Sei is the fastest Layer 1 blockchain, Providing high performance rails for digital asset markets. Sei launched its mainnet in 2023, and has since processed billions of transactions across more than 35 million wallets. Currently on Devnet, Sei’s V3 Giga update will make Sei 50x more performant than any existing EVM chain, serving as a groundbreaking new scaling approach for the Ethereum ecosystem. The team is backed by Multicoin, Jump, Coinbase Ventures, and many more.

    The CoinShares Physical SEI ETP (CSEI) begins trading on SIX exchange starting 28/7/2025 in USD, with the product passported across the same European markets as CoinShares’ existing CSDS product suite, providing broad institutional and retail access.

    PRESS CONTACT

    CoinShares
    Benoît Pellevoizin
    bpellevoizin@coinshares.com

    M Group Strategic Communications
    Peter Padovano
    coinshares@mgroupsc.com

    The MIL Network –

  • MIL-OSI: SAVYINT Named First Official Technology Partner for IDEX’s Next-Gen Access Cards

    Source: GlobeNewswire (MIL-OSI)

    IDEX Biometrics ASA today announced its first official technology partner agreement with Savyint Group, a leading digital identity and trust services provider in Vietnam. This strategic agreement will bring IDEX’s innovative biometric FIDO Access cards to market across Vietnam and Southeast Asia, marking a significant milestone in the company’s commercial expansion and demonstrating market acceptance for IDEX’s new product line in ID/Access.

    The agreement addresses the rapidly growing demand for secure digital authentication solutions in Southeast Asia, where organizations across finance, government, enterprise, healthcare, and education sectors are increasingly adopting passwordless authentication and zero-trust security frameworks.

    The global digital identity solutions market is experiencing explosive growth, projected to grow from $43.07 billion in 2025 to $153.63 billion by 2032, driven by escalating cybersecurity threats and regulatory compliance requirements. The FIDO authentication market specifically is expanding at an exceptional 24.4% CAGR, reaching an expected $5.72 billion by 2029, as organizations rapidly adopt passwordless authentication to combat rising phishing attacks and credential theft. Southeast Asia represents a particularly dynamic opportunity, with the region’s digital economy already reaching $295 billion in 2024 and on track to become a $1 trillion market by 2030, while Asia Pacific is anticipated to register the fastest growth rate in digital identity solutions globally.

    The IDEX Total Access card represents a breakthrough in secure authentication technology, combining the convenience of traditional access cards with advanced fingerprint biometric authentication. These FIDO-certified cards eliminate the need for passwords while providing the highest levels of security through on-card biometric matching. Users simply place their finger on the card’s integrated sensor for instant, secure authentication to access digital services, making it ideal for enterprise access control, secure login applications, and digital identity verification across multiple platforms.

    “Digital trust represents the confidence users place in people, technology, and processes to create a secure digital ecosystem,” said Mr. Steve Hoang – CTO & Chairman at Savyint Group. “IDEX’s biometric FIDO Access cards enable us to significantly strengthen and expand our identity solutions portfolio, providing the robust authentication foundation that transparent and secure digital services require.”

    “Savyint Group has established itself as a trailblazer in digital identity and trust services throughout Vietnam and APAC, with an impressive customer base spanning finance, government, enterprise, healthcare, and education,” said Anders Storbråten, CEO of IDEX Biometrics. “Their proven expertise in customer authentication and commitment to building comprehensive digital trust ecosystems makes them an ideal partner for introducing our biometric access technology to this dynamic market.”

    This agreement represents a crucial step in building IDEX’s distributorship channel strategy, providing a proven go-to-market pathway for the company’s Total Access cards in the high-growth Southeast Asian region. The agreement positions both companies to capitalize on the accelerating shift toward biometric authentication solutions while establishing a foundation for broader regional expansion.

    About SAVYINT

    Savyint is an IT security company based in Sydney, Australia with an R&D center in Hanoi and international offices in Singapore, Dubai, Ho Chi Minh City (Vietnam), and Sofia (Bulgaria).

    With over 20 years of experience, Savyint is among the world’s leading IT companies, providing software platforms, system solutions, and services for digital transformation. Its expertise includes open banking, information security, and FinTech, particularly in the Finance & Banking, FSI, Government, Manufacturing, Telecommunications, Healthcare, Education, and Media sectors.

    Website: https://savyint.com/

    About IDEX Biometrics

    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com

    For further information, please contact:

    Anders Storbråten, CEO and CFO, Tel: +47 416 38 582

    E-mail: ir@idexbiometrics.com

    About this notice:

    This notice was issued by Kjell-Arne Besseberg, COO, on July 29, 2025 at 08:00 CEST on behalf of IDEX Biometrics ASA. This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act section 5-12.

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

    The MIL Network –

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

    Source: Media Fast

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

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

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

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

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

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

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

    Addressing important challenges

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

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

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

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

    MIL OSI – Submitted News –

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

    Source: APO


    .

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

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

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

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

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

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

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

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

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

    MIL OSI Africa –

  • MIL-OSI Africa: International Trade Centre (ITC) SheTrades and Visa expand partnership to support women and youth entrepreneurs in sub-Saharan Africa

    Source: APO


    .

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

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

    Entrepreneurs can register to join the programme here.

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

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

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

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

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

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

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

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

    Upcoming webinars include:

    • Kick-off & Microsoft AI Launch: 31 July

    • Digital Tools & AI Integration: 28 August

    • Budgeting & Financial Planning: 18 September

    Entrepreneurs can register to join the programme here.

    Distributed by APO Group on behalf of International Trade Centre.

    MIL OSI Africa –

  • MIL-OSI: Himax Subsidiary Liqxtal Proprietary Vision-Care Pro-Eye Monitor Named Finalist for Top Ten Age-Friendly Technology Product

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, July 29, 2025 (GLOBE NEWSWIRE) — Liqxtal Technology Inc. (“Liqxtal”), a subsidiary of Himax Technologies, Inc. (Nasdaq: HIMX), and a pioneer in liquid crystal optical innovation, today announced that its flagship vision-care product, the Liqxtal® Pro-Eye Monitor, has been selected as a finalist in the 2025 Top Ten Age-Friendly Technology Product Awards, presented by the Taiwan Healthy Ageing Tech Show Committee. This prestigious recognition honors outstanding innovations that promote health, comfort, and quality of life for Taiwan’s aging population.

    Built on Liqxtal’s patented electrically tunable liquid crystal technology, the Pro-Eye monitor projects digital images to a virtual viewing distance of approximately 16 feet, dramatically farther than the typical 20 – 24 inches of conventional monitors. This design significantly eases ciliary muscle strain and reduces eye fatigue, offering a more natural and effortless viewing experience, especially for seniors experiencing dry eyes or blurred vision due to extended screen use.

    With Taiwan’s senior population rapidly growing, technologies that support visual wellness are increasingly vital to long-term care and healthy aging. Since its debut, the Pro-Eye Monitor has garnered strong interest across healthcare, eldercare, and smart home industries for its potential to redefine visual comfort for older adults. Evaluated by a panel of experts from the Taiwan Ministry of Economic Affairs and academic institutions, its selection as a top ten finalist underscores Liqxtal’s leadership in age-friendly innovation.

    Liqxtal Pro-Eye Monitor will be showcased at the 2025 Taiwan Healthy Ageing Tech Show, held August 8 – 10 at Taipei World Trade Center Hall 1. Purposefully engineered to address age-related visual challenges, the Pro-Eye represents Liqxtal’s commitment to improving elderly eye health through advanced optical technology. During the event, Liqxtal will also exhibit other smart optical solutions, including the Liqxtal® Dim, which integrates Liqxtal’s proprietary pixelated liquid crystal light valve with Himax’s WiseEye™ ultralow power AI sensing technology, empowering an intelligent system that automatically adjusts light transmittance based on ambient conditions, enhancing both comfort and safety for seniors in varying lighting environments.

    “Liqxtal has been dedicated to advancing liquid crystal optical technologies to deliver eye-care solutions that provide both comfort and functionality,” said Dr. Hung Shan Chen, President of Liqxtal. “Being named a finalist for the top 10 Age-Friendly Technology Awards is a significant milestone that reinforces our commitment to extending this transformative technology to a broader range of aging-related applications, bringing us closer to our vision of a smarter, healthier lifestyle.”

    Liqxtal warmly invites media, healthcare professionals, and industry partners to visit Booth A805 at the Taiwan Healthy Ageing Tech Show during August 8 –10, to experience the Pro-Eye Monitor firsthand and explore how next-generation liquid crystal optics are shaping the future of visual wellness in senior care.

    About Liqxtal Technology Inc.

    Liqxtal Technology Inc. is a Taiwan based company that has been focused on exploring opportunities with liquid crystal (“LC”) beyond just displays since the company’s inception. With a distinguished track record in liquid crystal optics, Liqxtal has developed liquid crystal based optical components such as LC lens for ophthalmic application, LC diffuser for 3D sensing and LC retarder for light sensing. Additionally, Liqxtal designed and released LQ001, a high voltage & tunable frequency LC driver with a 1mm x 2mm footprint, which is particularly ideal for portable products. As a subsidiary of Himax Technologies, Liqxtal also integrates novel display solutions such as tunable backlight with local dimming capability powered by FPGA for niche applications. Lastly, Liqxtal is dedicated to novel vision eyewear technology and strives to innovate and advance useful optical solutions to the world.

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEye™ Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,609 patents granted and 370 patents pending approval worldwide as of June 30, 2025.

    http://www.himax.com.tw

    Forward Looking Statements

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

    Liqxtal Contact:

    Henry Hung, Deputy Director of Market & Sales Division
    Liqxtal Technology Inc.
    Tel: +886-6-505-0880
    Email: info@liqxtal.com

    Himax Contacts:

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

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

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/30cd9f50-e221-43d4-a3cb-836122c81cf7

    The MIL Network –

  • MIL-OSI Banking: [Testimonials] Samsung EEIP: Driving Measurable Growth in Black-Owned SMMEs

    Source: Samsung

    As part of Samsung’s R280-million worth Equity Equivalent Investment Programme (EEIP) launched in 2019, in collaboration with the Department of Trade, Industry and Competition (Dtic) – the partners recently opened the third call, inviting all suitable, black-owned ICT and Service Centre SMMEs to take part in this year’s Samsung EEIP Enterprise Development (ED) Programme.
     
    This Samsung ED programme which aims to empower black-owned ICT and Service Centre enterprises to boost the economy and create jobs through entrepreneurship and business support – involves initiatives like grant funding, specialist business development support and access to supply chain opportunities for black-owned and women-owned small, medium and micro enterprises. This programme’s efforts are aligned with the country’s transformation goals and aim to foster a more inclusive economy. 
     
    In an effort to inspire potential future participants coupled by Samsung’s need to measure the impact and effectiveness of its CSR initiatives – the company took the time to speak to two of the beneficiaries from the ED programme in the last few years. When asked how Samsung EEIP provided the participating SMME owners with the confidence and support needed to mean business about their businesses, this is what they had to say:
     
    One of the beneficiaries is Thoriso Rangata. He is a 32-year-old, businessman and the owner of KTO Digital, which focuses on Business Process Automation, Software Development Services and Background Screening Software as a Service (SaaS) solution provider. Thoriso says from being part of the programme, he gained the reassurance and confidence he needed.
     
    Thoriso based in Johannesburg, originally from Limpopo, became part of the programme when he responded to a public call for applications in 2020. At the time, his business, KTO Digital, needed support in order to meet the company’s growth objectives. Thoriso is a true example of how the programme is able to empowerment ICT entrepreneurship as well as stimulate job creation and assist in contributing to economic growth. 
     

     
    Since being part of the EEIP programme, Thoriso’s company won the Nedbank Business of the Year Award in 2022. In the same year, his company launched their own product and received accreditation as a credit bureau business.
     
    The support he received from the programme has allowed KTO Digital to create over 20 jobs between 2021 to date. This is in line with the programme’s objective of creating both direct and indirect jobs, with a particular emphasis on Black Economic Empowerment (BEE) and the development of township economy.
     
    These achievements demonstrate how the EEIP programme has provided Thoriso and his team the opportunity to pursue their passions as well as bringing security and stability – not only to his employees but also to their families’ livelihoods. Thoriso explains, “the other direct benefits that KTO Digital received from being part of the programme included: Grant Funding, Asset Financing as well as Continuous Business Mentorship – and this, is exactly what our business needed in order to move forward.”
     
    He added: “As a company, we strongly believe that the skills we acquired from this EEIP programme, which included Business regulatory governance structures and strategic business growth approaches/methods – have contributed to the success of our business to date. This programme has really helped us to achieve our goals, and it has taken our business to new heights.”
     
    Based in Sinoville, Tshwane, the second EEIP beneficiary is Dumisani Mkhwebane – a 38-year-old businessman who co-owns and runs TIA-Solutions – an IT company with Boitumelo Mkhwebane – a 36-year-old, businesswoman. Their business focuses on Secure Scalable IT Solutions by building cloud infrastructure through collaborative team efforts. This provides their customers with resilience from cyber-attacks and contributes to productivity, efficiency as well as business continuity.
     

     
    Dumisani explained further: “As TIA-Solutions, we partner with multinational vendors such as Microsoft, Fortinet and Veritas which allow us to give our customers end-to-end, tailor-made IT solutions that cater to their business needs.”
     
    He also elaborated on how the company entered into the programme, Dumisani said: “We saw an advert on LinkedIn in 2023 about the EEIP Enterprise ED and decided to enter. We then received Capital Investment to buy computer equipment for our internal operations as well as company vehicles. In addition, we received Business Training and Skills development for our employees as well as other vital skills that we needed which included: Business Management Skills, Marketing and how to better position our company.
     
    “The programme has both Financial and Non-Financial benefits for Business Growth and Sustainability,” Dumisani added. “It is for these reasons that we would like to encourage other SMEs to apply to be part of the programme. We strongly believe that the ED programme will help grow other SMEs like it did ours and it will help a great deal in upskilling their workforce.”
     
    Importantly, this Samsung ED programme seeks to inspire potential future participants by demonstrating how the EEIP can help them kick-start their businesses. The tangible results articulated by these beneficiaries are a confirmation of Samsung’s commitment to empowering entrepreneurs and providing a reliable support system to SMEs in the country.
     
    Nicky Beukes, Samsung South Africa EEIP Project Manager concluded: “It is clear from these testimonials that through the reassurance and confidence offered by this Samsung EEIP ED programme – we are slowly, but surely achieving our intention of shifting the perception of potential candidates from “I’m working on something” to “I run a successful business”. As Samsung, we are happy to be delivering according to our programme’s overall and multi-faceted objectives which include the creation of a more inclusive and prosperous society through strategic investments, skills development and entrepreneurial support.” 
     

     

    MIL OSI Global Banks –

  • MIL-OSI Africa: Global Africa Commission Proposed as the fourth AfriCaribbean Trade and Investment Forum (ACTIF2025) Opens in Grenada

    Source: APO – Report:

    • US $290M in deals signed, advancing infrastructure, tourism and trade across the Caribbean on Day 1
    • CARICOM leaders to recommend region’s highest honour for Oramah’s role in transforming ties
    • US $250M Resilience Fund, CAPSS rollout, and feasibility of Caribbean EXIM Bank among key initiatives championed

    The fourth AfriCaribbean Trade and Investment Forum (ACTIF2025) opened today in St. George’s under the theme “Resilience and Transformation: Enhancing Africa-Caribbean Economic Cooperation in an Era of Global Uncertainty.”

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

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

    These bold initiatives, shared by President Oramah during his address, demonstrate Afreximbank’s commitment to transforming Afri-Caribbean cooperation from aspiration into action:

    • Caribbean EXIM Bank: Feasibility studies are underway for a regional EXIM Bank co-created with the CARICOM Secretariat to unlock industrial development and trade.
    • $250M Growth, Resilience, and Sustainability Fund (GRSF): A new blended finance mechanism to support climate adaptation and development. Afreximbank’s Fund for Export Development in Africa (FEDA) will manage the fund, while concessional financing will be raised jointly with the CARICOM Development Fund.
    • CAPSS Launch (Caribbean Payment & Settlement System): Modelled after Africa’s Pan African Payment and Settlement System (PAPSS), this digital platform will allow real-time payments across the Caribbean in local currencies, eliminating costly conversions and enabling the upcoming CAPSS Card.
    • Creative & Cultural Investment: $24 million has been committed for a film production and training hub in the OECS through CANEX, while other investments have enabled designers and chefs from Guyana, Trinidad, Jamaica, and Barbados to feature globally.
    • Artificial Intelligence Hub: A new AI and generative tech centre is being launched in partnership with the P.J. Patterson Institute at the University of the West Indies to place Afro-Caribbean talent at the centre of global innovation.

    The ACTIF2025 also serves as President Oramah’s final address at the Forum, as he prepares to hand over leadership to Dr. George Elombi, Afreximbank’s long-serving Executive Vice President nominated as incoming President by shareholders at the Bank’s 32nd Annual Meeting in Abuja in June 2025.

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

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

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

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

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

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

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

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

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

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

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

    More than a dozen sitting and former Heads of State, and Government representatives from Africa and the Caribbean are attending ACTIF2025. Among them are:

    • Hon. Mia Amor Mottley, Prime Minister of Barbados
    • Hon. Roosevelt Skerrit, Prime Minister of Dominica
    • Hon. Dr. Terrance Drew, Prime Minister of St. Kitts and Nevis
    • Hon. Philip J. Pierre, Prime Minister of Saint Lucia
    • H.E. Kassim Majaliwa, Prime Minister of Tanzania (representing President Samia Suluhu)
    • H.E. Prudence Sebahizi, Minister of Trade and Industry, Rwanda (representing President Paul Kagame)
    • The Most Hon. PJ Patterson, Former Prime Minister of Jamaica
    • H.E Chief Olusegun Obasanjo, Former President, Federal Republic of Nigeria
    • H.E Mahamadou Issoufou, Former President, Republic of Niger

    Meanwhile, five transformative deals totaling over US$290 million were signed on Day 1 of ACTIF2025, showcasing Afreximbank’s deepening investment in trade-enabling infrastructure and economic development across the Caribbean. Among the signings was a US$50 million Heads of Terms with the Government of Saint Kitts and Nevis for an Education Construction and Rehabilitation Climate-Linked Facility, and a US$40 million public-private partnership with Gemini Integrated Commodities Trading Company Ltd. to develop a modern commercial port in Saint Kitts. In The Bahamas, two landmark transactions were formalised: a US$100 million Receivables Discounting Facility for the Bahamas Striping Group of Companies to rehabilitate over 200 miles of road infrastructure, and a US$40 million facility with Cat Island Infrastructure Company Ltd. for critical roadworks. Rounding out the signings was a US$61.25 million agreement with Speedbird House Ltd. to finance a 150-room Homewood Suites by Hilton in Bridgetown, Barbados—under Afreximbank’s tourism-linked financing initiative, CONTOUR.

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

    – on behalf of Afreximbank.

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

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

    For more information, visit: www.Afreximbank.com

    Media files

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    MIL OSI Africa –

  • MIL-OSI Africa: SA granted €500 million loan for Energy Transition

    Source: Government of South Africa

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

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

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

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

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

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

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

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

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

    MIL OSI Africa –

  • MIL-OSI Russia: Entrepreneurs are invited to the fourth stream of the “Path to IPO” program

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    Moscow Innovation Cluster with the support of Moscow Venture Fund opened recruitment for the fourth stream of the program “The Path to IPO”. Legal entities and individual entrepreneurs registered on the i.moscow platform can apply for participation. Applications are open until September 21. link. Training will begin in October of this year.

    “The Path to IPO program is not just an educational course. It is a real chance for companies to enter the public market with comprehensive support from the city – from knowledge and mentoring to targeted financing,” she said.

    Kristina Kostroma, Head of the Department of Entrepreneurship and Innovative Development of the City of Moscow.

    The Path to IPO program helps technology companies prepare for listing on the stock market, from training to raising funding. The fourth stream is being merged with the preferential targeted loans program. Moscow Venture Fundto enter the stock market. This will make it easier for participants to implement an IPO, pre-IPO or bond issue strategy.

    What awaits program participants

    The program consists of two training modules. At the theoretical stage, participants have access to online lectures by experts, as well as auxiliary materials, checklists and document templates. Students will learn about the requirements, procedures and regulatory aspects of the placement of securities.

    As part of the practical module, representatives of the exchange, organizing banks and other experts share their experience of entering the public market. Together with mentors, participants will formulate strategies for bringing their companies to the securities market. The best projects will be able to receive a targeted loan of up to 100 million rubles from the Moscow Venture Fund. This will cover the costs of future issuers to prepare for the placement, including the development and registration of issue documents, consulting services, etc.

    From training to implementation

    The Moscow Innovation Cluster launched the program in June 2024 and managed to train three streams, in which more than 120 representatives of Moscow companies took part. In total, more than 320 applications were received. As a result of the training, to date, two companies have entered pre-IPO, one company has issued bonds, five are planning to enter pre-IPO within a year, and four are planning to enter IPO within two years.

    The third stream of the “Path to IPO” program ended in early July this year. During the training, it was possible to compile a profile of the program participant. These are startup founders, business owners or top managers who are looking for investments for projects in the amount of 300 to 500 million rubles. Most companies are engaged in software development and scientific research. The preferred tool for attracting funds is the pre-IPO round.

    Among the successful cases is the engineering company Reinnolts, which placed bonds on the Moscow Exchange during its last cohort of students. The company has been operating since 2012 and specializes in the production of heat exchange equipment and water treatment solutions.

    Moscow Innovation Cluster promotes the creation of conditions for the development and implementation of new technologies, ensuring scientific, technical and industrial cooperation, and effective interaction between all participants in the ecosystem. The cluster includes organizations from Moscow and 86 other regions of Russia. On the Moscow Innovation Cluster platform, innovators are offered more than 50 digital services that help develop and implement products, attract investment, find partners and scale up a business. The project is supervised by the capital’s Department of Entrepreneurship and Innovative Development.

    Moscow Venture Fund — an institute for innovative development. The fund supports entrepreneurs at all stages of development — from the initial seed stage to the active growth stage, providing the necessary financial resources for successful development. Three main support programs are currently being implemented: grants, preferential loans for project development, and targeted loans for preparation for an IPO. Over the course of its operation, the fund has supported more than 100 companies in the amount of 1.3 billion rubles and helped attract more than 3.5 billion in investments.

    The Department implements three regional projects that are part of the national project “Small and Medium Entrepreneurship and Support for Individual Entrepreneurial Initiatives”. These are “Acceleration of Small and Medium Entrepreneurship Entities”, “Creating Favorable Conditions for Self-Employed Citizens to Carry Out Activities” and “Creating Conditions for an Easy Start and Comfortable Running of a Business”, as well as the regional project “Systemic Measures for the Development of International Cooperation and Export”, which is part of the national project “International Cooperation and Export”.

    Get the latest news quickly official telegram channel the city of Moscow.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Europe: Spain: EIB lends €50 million to Iberdrola to rebuild and climate-proof flood-hit power infrastructure in Valencia

    Source: European Investment Bank

    Iberdrola

    • The financing will back investments from il.lumina, Iberdrola’s project to reconstruct and modernise the power distribution grid affected by devastating floods in 2024. 
    • The project includes the implementation of resilience and digitalisation measures benefiting over 650 000 clients and improving electricity supply security.
    • The EIB financing is sourced from its own resources and the Regional Resilience Fund put in place by the Spanish Ministry of Economy, Trade and Enterprise.

    The European Investment Bank (EIB) has signed two €25 million loans with Iberdrola to finance the reconstruction, redesign, climate change adaptation and digitalisation work that the electricity company is carrying out on the power distribution grid damaged by the devastating floods that hit Valencia in October 2024.

    These investments are part of Iberdrola’s il.lumina project to build the power grid of the future. Measures will include rebuilding damaged infrastructure, expanding facility automation, installing smart transformers to improve supply quality, moving overhead power lines underground, and raising and downsizing transformer substations.

    These operations are expected to benefit more than 650 000 clients, according to the electric company, improving electricity supply security against a backdrop of extreme weather events and increasing integration of renewable energy production.

    The project will strengthen the EIB’s role as the climate bank, one of the eight strategic priorities set out in the EIB Group’s Strategic Roadmap for 2024-2027. The operation is also part of the EIB action plan to support REPowerEU, the programme to increase energy security and speed up the energy transition by reducing the European Union’s dependence on fossil fuel imports.

    The financing includes €25 million from EIB own resources and a further €25 million from the Regional Resilience Fund created to facilitate access to NextGenerationEU loans under Spain’s recovery, transformation and resilience plan. The Regional Resilience Fund aims to drive investment and develop projects in eight priority areas: social and affordable housing; urban renewal; transport and sustainable tourism; the energy transition; water and waste management; the care economy; research, development and innovation; and the competitiveness of industry and small and medium companies. The fund is led by the Spanish Ministry of Economy, Trade and Enterprise, with the EIB Group as a strategic management partner.

    EIB support for power grids

    EIB support for energy security and power grids is one of its main priorities to accelerate the green transition, contribute to EU energy autonomy and ensure access to a more secure and sustainable energy supply for all Europeans. In 2024, the EIB Group directed €8.5 billion to financing power grid and storage projects in all of its operational areas, double the 2023 figure. In Spain alone, €1.5 billion went to grid and storage projects in 2024, again doubling 2023 investment. This financing is helping to expand, modernise and digitalise power grids, making them more resilient and enabling greater and better integration of renewable energy.

    More information on EIB support for the energy sector is available here.

    EIB commitment to those impacted by the DANA

    Following the DANA, the EIB moved quickly to make a €1.4 billion package available to the regions impacted (Valencia and Castilla-La Mancha) to help finance reconstruction work and support the needs of small and medium-sized enterprises. The EIB Group has also made contributions to NGOs operating in the area, such as Save the Children, SOS Aldeas Infantiles and Casa Caridad.

    il-lumina, Iberdrola’s commitment to Valencia

    This financing is part of Iberdrola’s strategy to promote a more robust electricity grid that is better prepared for extreme weather events, while reinforcing its commitment to the energy transition and green financing. With il·lumina, Iberdrola is not only responding to the damage, but also anticipating the future, committing to a safer, more efficient electricity infrastructure that is aligned with European climate objectives.

    The il·lumina project involves the renovation of substations, transformer stations and the medium and low voltage network, with the aim of redesigning the electricity network affected by the DANA. The company has created a team of 35 people who are working exclusively on developing the construction plan for the electricity network of the future, coordinating the work of approximately 1,000 operators, most of whom are locally based.

    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.  

    In Spain, the EIB Group signed €12.3 billion of new financing for more than 100 high-impact projects in 2024. This financing is contributing to the country’s green and digital transition, economic growth, competitiveness and improved services for residents.

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

    Regional Resilience Fund

    The Regional Resilience Fund (RRF) was created to facilitate access to NextGenerationEU loans from the Spanish Recovery, Transformation and Resilience Plan for the autonomous communities, with the aim of boosting investments and developing projects in eight priority areas: social and affordable housing; urban renewal; transport and sustainable tourism; the energy transition; water and waste management; the care economy; research, development and innovation; and the competitiveness of industry and SMEs.

    The fund is led by the Ministry of Economy, Trade and Enterprise, which takes input from the autonomous communities and cities for investment decision-making and looks to the EIB Group as a strategic management partner

    The initial phase of the RRF includes the activation of up to €3.4 billion in financing via:

    • a direct financing mechanism, to co-finance EIB-supported operations in sectors like renewable energy, clean transport and sustainable infrastructure;
    • an intermediated mechanism managed by financial intermediaries selected by the EIB, to support projects in urban development and sustainable tourism;
    • two instruments intermediated by the European Investment Fund that will facilitate SME financing for innovation, sustainability and competitiveness.

    Iberdrola

    With more than 100,000 million euros in capitalisation, Iberdrola is the largest electricity company in Europe and one of the two largest in the world. The Group serves more than 100 million people worldwide and has a workforce of more than 44,000 employees and assets of more than 160,000 million euros. In 2024, Iberdrola recorded revenues of almost 50,000 million euros, a net profit of 5,600 million euros. The company contributes nearly 10,300 million euros in tax contributions in the countries in which it operates and supports more than 500,000 jobs in its suppliers thanks to purchases that exceeded 18,000 million euros in 2024.

    Since 2001, Iberdrola has invested more than 175,000 million euros in renewable energies, electricity grids and energy storage to contribute to the creation of an energy model based on electrification.  The company has more than 57,000 megawatts (MW) of capacity worldwide, of which more than 45,000 MW are renewable.

    MIL OSI Europe News –

  • MIL-OSI Russia: “Your Graduation”: Polytechnic University Graduates at Russia’s Main Student Festival

    Translation. Region: Russian Federal

    Source: Peter the Great St. Petersburg Polytechnic University –

    An important disclaimer is at the bottom of this article.

    There are never too many graduations. When the ceremonies at the universities were over, more than 450 active, goal-oriented graduates of 2025 who had distinguished themselves in their studies, social activities and creativity met at the National Center “Russia” in Moscow to once again celebrate this important event in their lives.

    Polytechnic University was represented at the All-Russian student festival by Elizaveta Kuznetsova, a graduate of the Higher School of Linguistics and Pedagogy of the Humanitarian Institute, and Kristina Shakhova, a graduate of the Higher School of Public Administration of the Institute of Industrial Management, Economics and Trade.

    “I learned about the All-Russian Student Graduation and immediately decided to apply to try my hand,” said Elizaveta. “I wrote that I graduated from the university with honors, indicated the publication of scientific articles and volunteer work in the student association TutorForces. In this organization, I was lucky enough to become the deputy head of the SMM department, volunteer in the Unified Center for Registration of Foreign Citizens of SPbPU, participate in organizing events for foreign students and much more! I think that’s why I was invited to the All-Russian Student Graduation.”

    “I became the owner of a unique invitation to the All-Russian Student Graduation!” shared Kristina. “I sent an application, where I noted my achievements in scientific activities: participation in Olympiads, competitions, scientific conferences, publication of articles, defense of competition works in other cities, case championships. I got into the Science section. It was a real celebration, which combined education, creativity and the energy of youth! Honorary speakers spoke, shared valuable knowledge and inspiring stories. Each of us had the opportunity to ask questions and get answers from experts in various fields. In addition to lectures, there was a rich concert program. And at the end of the evening, I received a diploma from the Deputy Minister of Science and Higher Education of Russia, which was a bright end to this unforgettable event.”

    The “Your Graduation” celebration included many activities: several educational sessions, meetings with mentors and speakers, master classes, the “Letter to a First-Year Student” campaign, and the opening of the “Russian Student Faces” art object. The guests were treated to a performance by musicians Zhenya Trofimov and Roma Rudyka from the “Room of Culture” group, winners of the 2025 Muz-TV award in the “Breakthrough of the Year” nomination.

    The organizers of the All-Russian Student Graduation in 2025 were the Ministry of Science and Higher Education of the Russian Federation, the Federal Agency for Youth Affairs “Rosmolodezh”, the All-Russian student project “Your Move”, the Presidential Platform “Russia – the Land of Opportunities”, the Russian Society “Knowledge” with the support of the National Center “Russia” and the All-Russian public and state movement of children and youth “Movement of the First”.

    By the way, in 2022, the All-Russian Student Graduation Ceremony will be held from St. Petersburg took place in the Polytechnic University television studio.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Prepackaged bamboo fungi sample detected with excessive preservative breaches food labelling regulation

    Source: Hong Kong Government special administrative region

    Prepackaged bamboo fungi sample detected with excessive preservative breaches food labelling regulationBrand: (Not available in English)
    Place of origin: China
    Packer: (Not available in English)
    Net weight: 100 grams per pack
    Best before date: December 18, 2026
    Importer???Jin Fa CoIssued at HKT 18:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI: Axi Celebrates 5th $1 Million Funded Trader, Marks $5M+ Payout Milestone for 2025

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, July 29, 2025 (GLOBE NEWSWIRE) — Global broker Axi proudly announces a major milestone in its trader funding program, Axi Select, as it celebrates its 5th $1 million funded trader, and surpasses $5 million in profit payouts year-to-date.

    The latest trader to reach the $1 million mark is Yoleny G, a trader who identifies as a proud wife and mother of two. Her achievement is particularly significant as she becomes the 5th trader to reach this milestone with Axi. Yoleny’s accomplishment is not only a testament of her trading discipline but also marks a personal goal on her path to Axi’s elite Pro M stage.

    “I’m incredibly proud of my achievement. Reaching $1 million funded status has been a personal mission, and this is just the beginning.” – Yoleny G.

    Yoleny joins an elite group of traders who have reached the $1 million funding threshold under the Axi Select program. The first two Pro M traders recently came together for an exclusive visit to Axi’s global headquarters in Sydney, where they shared insights, met the Axi team, and celebrated their collective success.

    The Axi Select community has rapidly grown to over 30,000 members, making it one of the most dynamic traders funded ecosystems globally. Axi’s recent collaboration with Bloomberg further reinforces its commitment to providing high-quality resources, transparency, and market insight for retail traders striving to reach the next level of their trading journey.

    As of July 2025, Axi has paid out over $7.6million to funded traders, with one standout individual earning $108,879.66 in May alone.

    This milestone reflects Axi’s continued focus on empowering skilled traders with real opportunities to grow, backed by capital, education and access to key trading tools. As Axi continues to expand the Axi Select program and its global trading community, milestones like these reinforce the company’s commitment to providing serious traders with the tools, capital, and support they need to succeed. With more traders advancing toward higher funding levels and new initiatives on the horizon, Axi remains focused on being a market leader in this space.

    About Axi

    Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.

    For more information or additional comments from Axi, please contact: mediaenquiries@axi.com

    The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content may not be available in your region. For more information, refer to our Terms of Service. Standard trading fees and minimum deposit apply.

    The MIL Network –

  • MIL-OSI Russia: What business plans have RUDN economics students developed for Russian companies?

    Translation. Region: Russian Federal

    Source: Peoples’Friendship University of Russia –

    An important disclaimer is at the bottom of this article.

    Analysis of target markets, conclusion of a contract with a sanction clause, development of logistics for deliveries to Latin American countries. These are just some of the points from the business plans prepared for Russian companies by students of the Faculty of Economics and the Law Institute of RUDN. But first things first.

    Through the sieve of selection

    At RUDN, students have the opportunity to study in a project-based master’s program. This model of education assumes that students unite in teams and jointly develop a project (their final qualification work) for real customers – they can be both domestic and foreign companies. The projects that will be discussed were prepared by students of the Faculty of Economics and the Law Institute of RUDN. The Moscow Export Center helps the university find customer companies for them.

    “After the selection, we introduce the students to each other and simultaneously send a request to colleagues at the Moscow Export Center asking them to involve Russian and foreign companies in the implementation of the projects. The MEC provides us with a list of interested enterprises with their brief description and the desired request: what product or service the company produces, where it wants to export them. We pass all this on to the students, after which teams are formed taking into account the students’ wishes. The master’s students begin working, and once a month we gather them to check what stage the projects are at. To help the students complete the assigned tasks, we conduct master classes from teachers and invited experts,” says Maria Maslova, a RUDN University graduate and head of the educational programs department of the educational and acceleration programs department of the ANO “MEC”.

    A fresh look at business

    In the spring, teams have a pre-defense of their projects in front of company representatives, where they receive feedback and learn about problematic areas that need to be corrected. The final defense of the diploma work is held according to the schedule of the state final certification.

    “Business is interested in a fresh look at promising markets for their products. Companies essentially order a “consulting study” from us. They want to enter certain markets where they are not yet represented. RUDN economics students analyze these markets, calculate the financial component, develop marketing strategies for entry and promotion, and draw a conclusion about the profitability of the project. And students of the Law Institute analyze the entire legal component of entering foreign markets, prepare a draft foreign trade contract, and analyze the specifics of the legal system of the selected country,” says Maria Maslova, a RUDN graduate and head of the educational programs department of the educational and acceleration programs department of the ANO “MEC”.

    Focus on Latin America

    One of the projects that RUDN University master’s students worked on last academic year concerned the entry of the Leber company into the Latin American market. It produces children’s playgrounds.

    “Our research revealed special features of the target markets, in particular, a high proportion of young people: children under 14 years old make up about 25-30% of the population. This indicates a huge potential for the company to enter the markets of these countries. In addition, an absolute plus for business development in the chosen direction is the established sea routes from the port of St. Petersburg to the ports of Latin American countries. However, there were obstacles here, because due to sanctions, there is a ban on the movement of Russian ships through the waters of unfriendly countries. To solve the problem, we suggested that Leber use the services of experienced forwarding companies based in the target markets,” Mekhriddin Nuraliyev, a graduate of the Faculty of Economics of RUDN University.

    According to Mehriddin, the most difficult part to develop was the financial part of the business plan. After all, without launching sales in the markets of Mexico, Brazil and Argentina, it is very difficult to forecast the profitability of the activity and calculate the income and expense estimate for 3-5 years ahead.

    “But we coped with this task and received high praise for our business plan from Leber representatives. The company praised the team’s professionalism and the depth of the research conducted,” says Mekhriddin Nuraliyev, a graduate of the RUDN University Faculty of Economics.

    Sanctions and the Middle East

    The second project was developed by RUDN students for the Mesoformula company, a Russian manufacturer of innovative products for aesthetic medicine and professional cosmetology. The company wants to enter the Saudi Arabian market.

    “We proposed the “corridor-2030” strategy – a consistent entry into the Saudi Arabian market through halal certification, registration with the SFDA and cooperation with a distributor in Jeddah. Together with my colleagues, we also thought out a financial model and built a legal and logistical “framework” for the project so that every figure and every condition worked in the same rhythm. At the same time, I managed to apply my skills as a lawyer, political scientist and GR specialist. I developed a protective sanction clause, assessed geopolitical risks and, having organized a consultative meeting with Saudi experts through the Moscow Chamber of Commerce and Industry, received prompt feedback. Thus, we significantly accelerated the negotiations and opened the necessary doors to the Middle East,” – Rodion Lobanovsky, a graduate of the RUDN Law Institute.

    Mesoformula has approved the students’ project, and its pilot launch is confirmed for 2026.

    “I am very glad that it was possible to implement cooperation between Russian companies and my home university. We worked together for almost a year, and are very pleased with the result. The resulting projects really contain many points that the companies paid attention to, including in terms of the specifics of interaction between Russian business and the selected markets. We hope for further cooperation,” – Maria Maslova, Head of the Educational Programs Department of the Educational and Acceleration Programs Department of ANO “MEC”.

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

    .

    MIL OSI Russia News –

  • MIL-OSI: Baker Hughes to Acquire Chart Industries, Accelerating Energy & Industrial Technology Strategy

    Source: GlobeNewswire (MIL-OSI)

    • Significant step high-grades the portfolio and adds value accretive customer offerings, transforms Baker Hughes’ Industrial & Energy Technology segment
    • Chart Industries brings differentiated capabilities across a diverse set of end markets advantaged by secular growth drivers such as natural gas, data centers and decarbonization
    • Highly complementary capabilities enable enhanced value-creation solutions for customers across the lifecycle of projects and accelerate aftermarket growth through increased service penetration of combined installed base
    • $325 million in annualized cost synergies expected to be realized at end of third year
    • Compelling financial impact, as it is accretive to growth, margins, EPS and cash flow
    • Baker Hughes to host conference call today to discuss the transaction at 8:30 a.m. ET / 7:30 a.m. CT

    HOUSTON and LONDON and ATLANTA, July 29, 2025 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR) and Chart Industries (NYSE: GTLS) (“Chart”) announced Tuesday they have entered into a definitive agreement under which Baker Hughes will acquire all outstanding shares of Chart’s common stock for $210 per share in cash, equivalent to a total enterprise value of $13.6 billion.

    Chart is a global leader in the design, engineering and manufacturing of process technologies and equipment for gas and liquid molecule handling across a broad range of industrial and energy end markets. Chart’s highly differentiated products and solutions are used in every phase of the liquid gas supply chain, from engineering and design to installation, preventative maintenance to repair and service, as well as ongoing digital monitoring. A technology leader in its markets, Chart generated $4.2 billion in revenue and $1.0 billion adjusted EBITDA in 2024. It operates 65 manufacturing locations with over 50 service centers globally.

    “This acquisition is a milestone for Baker Hughes and a testament to our strong financial execution and strategic focus as we continue to define our position as a leading energy and industrial technology company,” said Baker Hughes Chairman and CEO Lorenzo Simonelli. “We know Chart well, having worked alongside them on many critical energy infrastructure projects. Their products and services are highly complementary to our offerings and strongly aligned with our intent to deliver distinctive and efficient end-to-end lifecycle solutions for our customers across their most critical applications. The combination positions Baker Hughes to be a technology leader that can provide engineering and technology expertise to meet the growing demand for lower-carbon, efficient energy and industrial solutions across attractive growth markets such as LNG, data centers and New Energy.

    “The acquisition also delivers compelling financial returns for our shareholders. Adding this high-growth, high-margin business to our Industrial & Energy Technology segment will deliver strong earnings accretion and returns, contributing to an improved growth and margin profile,” Simonelli said. “We look forward to welcoming Chart into the Baker Hughes organization and, together, achieving even greater success and driving long-term value for shareholders.”

    “This all-cash transaction with Baker Hughes delivers immediate value to Chart shareholders,” said Chart President and CEO Jill Evanko. “Thanks to the outstanding work of our global OneChart team, we have successfully built a product and solution portfolio that spans front-end engineering design through aftermarket services. The Baker Hughes team shares our engineering-focused culture and commitment to operational excellence. Our complementary solutions fit seamlessly with Baker Hughes’ Industrial & Energy Technology segment, and together we can help our customers solve the most critical energy access and sustainability needs. Our Board is proud to deliver this outcome to our shareholders.”

    Compelling Strategic and Financial Benefits

    • Advances Baker Hughes’ Strategic Vision to be an Energy & Industrial Technology Leader: Chart and Baker Hughes together bring a highly differentiated set of capabilities to solve complex energy challenges and support customers’ sustainability goals – positioning the combined company as a leader in a lower-carbon, more resource-efficient future.
    • Expands Baker Hughes’ Offerings in Attractive Growth Markets: Chart’s offering is well positioned to deepen Baker Hughes’ exposure to attractive high-growth markets, including data centers, space and New Energy. The acquisition also broadens Baker Hughes’ exposure to more durable industrial sectors including industrial gas, metals and mining, and food and beverage, significantly increasing Baker Hughes’ addressable market and through-cycle growth potential.
    • Complementary Product Capabilities: Each company has distinctive products and solutions that together improve customer value proposition. Baker Hughes’ core competencies in rotating equipment, flow control and digital technology pair well with Chart’s competencies in heat transfer, air and gas handling, and process technologies.
    • Strengthens Baker Hughes’ Lifecycle Revenue Mix: The combined company will have a large and structurally growing installed base creating opportunities to drive growth in high-value aftermarket products and services, as well as digital services using Chart’s Uptime digital platform. Baker Hughes’ expansive service footprint is expected to increase service rates for Chart’s installed base driving more profitable, recurring revenue across the combined portfolio.
    • Delivers Substantial Synergies: Baker Hughes has identified $325 million of annualized cost synergy opportunities by the end of year three. Baker Hughes intends to drive productivity improvements by leveraging Baker Hughes’ scale in manufacturing and consolidating the companies’ supply chains, as well as optimizing costs across the SG&A and R&D functions. Baker Hughes’ confidence in realizing these synergies is supported by the continued success of its business system, a key driver of IET margin expansion over the past three years.
    • Attractive Financial Profile and Returns for Shareholders: The transaction is expected to be immediately accretive to growth, margins and cash flow, with double-digit EPS accretion in the first full year after the transaction closes. Chart’s differentiated position in attractive and growing markets is expected to deliver sustainable underlying growth that will be accretive to Baker Hughes’ through-cycle growth profile. The combination of strong growth, attractive margins and the synergy potential to expand operating margins meet all of Baker Hughes’ return criteria, including double-digit ROIC.

    Transaction Details & Approvals
    Under the terms of the agreement, Chart shareholders will receive $210 per share of common stock in cash. The purchase price represents an enterprise value of $13.6 billion, and a multiple of ~9x Chart Consensus 2025 EBITDA on a fully synergized basis.

    Baker Hughes has secured fully committed bridge debt financing to fund the transaction, provided by Goldman Sachs Bank USA, Goldman Sachs Lending Partners LLC, and Morgan Stanley Senior Funding, Inc., which is expected to be replaced with permanent debt financing prior to close. Baker Hughes remains committed to maintaining its A credit rating and will use its strong free cash flow and expected divestiture proceeds to support debt reduction while maintaining, and growing over time, its strong dividend. Baker Hughes projects net leverage at close will be 2.25x and will de-lever to 1.0-1.5x net leverage within 24 months after close. Flexibility will be maintained on share repurchases until leverage reaches the 1.0-1.5x target, after which Baker Hughes intends to return 60-80% of FCF to shareholders.

    The Boards of Directors of Baker Hughes and Chart have each unanimously approved the transaction, and the Chart Board of Directors has unanimously recommended that Chart shareholders approve the transaction. The transaction is subject to customary conditions, including approval by Chart shareholders, and the receipt of applicable regulatory approvals. The transaction is expected to be completed by mid-year 2026.

    Advisers
    Goldman Sachs & Co. LLC, Centerview Partners LLC, and Morgan Stanley & Co. LLC are serving as financial advisers to Baker Hughes, and Cleary Gottlieb Steen & Hamilton LLP, and WilmerHale are serving as legal advisers. Wells Fargo is serving as financial adviser to Chart, and Winston & Strawn is serving as legal adviser.

    Investor Conference Call and Presentation
    Baker Hughes will host a conference call to discuss the transaction on July 29 at 8:30 a.m. ET, 7:30 a.m. CT. The conference call will be broadcast live via a webcast and can be accessed by visiting the Events and Presentations page on the company’s website at: investors.bakerhughes.com. Those who wish to dial in may call 1-800-343-1703 (U.S.) or 1-785-424-1226 (international) and enter passcode 52472. An archived version of the webcast will be available on the website for one month 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

    About Chart Industries, Inc.
    Chart Industries, Inc. is a global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean™ – clean power, clean water, clean food, and clean industrials, regardless of molecule. The company’s unique product and solution portfolio across stationary and rotating equipment is used in every phase of the liquid gas supply chain, including engineering, service and repair and from installation to preventive maintenance and digital monitoring. Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 capture amongst other applications. Chart is committed to excellence in environmental, social and corporate governance issues both for its company as well as its customers. With 64 global manufacturing locations and over 50 service centers from the United States to Asia, Australia, India, Europe and South America, the company maintains accountability and transparency to its team members, suppliers, customers and communities. To learn more, visit www.chartindustries.com.

    For more information, please contact:

    Media Relations

    Baker Hughes
    Adrienne M. Lynch
    +1 713-906-8407
    adrienne.lynch@bakerhughes.com

    Chart Industries
    Jim Golden / Jude Gorman / Jack Kelleher
    Collected Strategies
    Chart-CS@collectedstrategies.com

    Investor Relations

    Baker Hughes
    Chase Mulvehill
    +1 346-297-2561
    investor.relations@bakerhughes.com

    Chart Industries
    John Walsh
    1-770-721-8899
    john.walsh@chartindustries.com

    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 Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 (each a “forward-looking statement”). All statements, other than historical facts, including statements regarding the presentation of Baker Hughes’ operations in future reports and any assumptions underlying any of the foregoing, are forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words “may,” “will,” “should,” “potential,” “intend,” “expect,” “would,” “seek,” “anticipate,” “estimate,” “overestimate,” “underestimate,” “believe,” “could,” “project,” “predict,” “continue,” “target,” “goal” or other similar words or expressions. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Factors that could cause actual results to differ include, but are not limited to: Baker Hughes’ ability to consummate the proposed transaction with Chart (the “Proposed Transaction”); Baker Hughes and Chart obtaining the regulatory approvals required for the Proposed Transaction on the terms expected or on the anticipated schedule or at all; the failure to satisfy other conditions to the completion of the Proposed Transaction, including the receipt of Chart stockholder approval; Baker Hughes’ ability to finance the Proposed Transaction; Baker Hughes’ indebtedness, including the substantial indebtedness Baker Hughes expects to incur in connection with the Proposed Transaction and the need to generate sufficient cash flows to service and repay such debt; the possibility that Baker Hughes may be unable to achieve expected synergies and operating efficiencies from the Proposed Transaction within the expected time-frames or at all and to successfully integrate Chart’s operations with those of Baker Hughes; such integration may be more difficult, time-consuming or costly than expected; operating costs, customer loss and business disruption (including, without limitation, difficulties in retaining or maintaining relationships with employees, customers or suppliers) may be greater than expected following the Proposed Transaction or the public announcement of the Proposed Transaction; Baker Hughes and Chart being subject to competition and increased competition is expected in the future; general economic conditions that are less favorable than expected; the potential for litigation related to the Proposed Transaction. Other important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, the risk factors identified in the “Risk Factors” section of Part 1 of Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on February 4, 2025, and those set forth from time-to-time in other filings by Baker Hughes with the SEC. Additional risks that may affect Chart’s results of operations are identified in the “Risk Factors” section of Part 1 of Item 1A of Chart’s Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on February 28, 2025, and those set forth from time-to-time in other filings by Chart with the SEC. These documents are available through our website or through the SEC’s Electronic Data Gathering and Analysis Retrieval (EDGAR) system at http://www.sec.gov.

    Any forward-looking statements speak only as of the date of this press release. Neither Baker Hughes nor Chart undertakes any obligation to update any forward-looking statements, whether as a result of new information or developments, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

    No Offer or Solicitation

    This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

    Important Additional Information

    This communication may be deemed to be solicitation material in respect of the proposed merger transaction between Chart and Baker Hughes. In connection therewith, Chart intends to file relevant materials with the SEC, including a proxy statement of Chart (the “proxy statement”) that will be mailed to Chart stockholders seeking their approval of its transaction-related proposals. However, such documents are not currently available. BEFORE MAKING ANY VOTING OR ANY INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION. Investors and security holders may obtain free copies of the proxy statement and other documents containing important information about each of Chart and Baker Hughes, once such documents are filed with the SEC, through the website maintained by the SEC at www.sec.gov. Copies of documents filed with the SEC by Chart will be available free of charge on Chart’s website at ir.chartindustries.com.

    Participants in the Solicitation

    Chart and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Chart’s stockholders in respect of the proposed transaction. Information regarding Chart’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is contained in Chart’s Form 10-K for the year ended December 31, 2024, filed with the SEC on February 28, 2025, and its proxy statement filed with the SEC on April 8, 2025. To the extent holdings of Chart’s securities by its directors or executive officers have changed since the amounts set forth in Chart’s 2025 proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3, Statements of Changes in Beneficial Ownership on Form 4 or Annual Statements of Changes in Beneficial Ownership of Securities on Form 5 subsequently filed with the SEC. Additional information regarding the interests of such participants in the solicitation of proxies in respect of the proposed merger transaction will be included in the proxy statement and other relevant materials to be filed with the SEC when they become available. These documents (when available) can be obtained free of charge from the sources indicated above.

    The MIL Network –

  • MIL-OSI Africa: National Savings Month: Beat unhealthy gambling habits 

    Source: Government of South Africa

    National Savings Month: Beat unhealthy gambling habits 

    In the quest to keep head above water, South Africans have been forced to review and cut down their expenses in order to meet their financial obligations.

    Given the ongoing economic challenges, some have turned to gambling as a means of making ends meet.

    The month of July in South Africa is not only dedicated to the birthday of former President Nelson Mandela but also marks National Savings Month, which raises awareness about the importance of saving as well as fostering responsible financial behaviour.

    Mindful of the hardships facing communities, government said it recognises that the current economic challenges, including the high cost of living and unemployment make it difficult for many South Africans to save their hard-earned money. 

    It has, however, called on citizens to save even the smallest amounts of money, as government continues to implement policies that are aimed at growing an economy that creates jobs and supports families that are better positioned to save and invest in their futures.

    Recently, Parliament’s National Assembly deliberated the National Gambling Amendment Bill. The bill aims to amend the 2004 National Gambling Act (NGA) so as to amend and delete certain definitions; to transfer the regulation of bets on the national lottery, foreign lottery, lottery results and sports pools to the National Lotteries Commission.

    It also aims to strengthen the regulation of casinos, limited pay-out machines (LPMS) and bingo, as well as to provide for the repositioning of the National Gambling Board (NGB) as a National Gambling Regulator, and to provide for certain new offences, among others.

    With competing priorities vying for attention, gambling is seen by some as a way to close the shortfall in one’s budget.  
    In an interview with SAnews, the South African Responsible Gambling Foundation said it has seen a rise in the number of individuals who are struggling with gambling.

    “From our referral statistics of the previous financial year, there has been a rise in the number of individuals who are struggling with gambling as compared to other financial years,” the foundation’s Executive Director, Sibongile Simelane-Quntana, said.

    In the 2022/23 financial year, the foundation referred 2 253 patients for gambling related counselling, while 2 648 patients were referred in the 2023/24 financial year.

    “It should be noted that these stats exclude family referral patients. In the 2024/25 financial year, the foundation referred a total of 4 126 patients for gambling related counselling, excluding family referrals,” said Simelane-Quntana.

    The foundation provides free and confidential treatment and counselling to those affected by problem gambling and their immediate family members. The foundation also educates South Africans about the potential harmful effect of problem gambling and responsible gambling.

    The data showed that more males were referred for help as compared to females.

    “There were more adults referred than any other age group and most of the patients referred were full-time employed. Moreover, most of these patients held a matric as their highest level of education,” Simelane-Quntana explained.

    This as the NGB, which is responsible for the oversight of the regulation of the gambling industry throughout the country, warned against gambling being “defined as a source of income or to make ends meet”.

    Through the NGA, the NGB is empowered to provide oversight over licensing and monitoring of licensees by provincial licensing authorities.

    South Africa has four legal modes of gambling, namely casinos, LPMS, bingo and betting. 

    The board, which is an entity of the Department of Trade, Industry and Competition, said the unrealistic appeal of quick money through gambling for those experiencing financial problems can be dire.

    It added that “often consumers will go into further debt by borrowing money to feed a gambling habit, with the aim of making their money grow”.

    Simelane-Quntana said that issues like the unemployment rate rising by 1% to reach 32.9% in the first quarter of 2025, inflation and inequality, are making it difficult for many.

    “These statistics indicate the hardships that most South African citizens go through and the desperation to make a living out of various methods, and gambling seems to be one of those measures. Many individuals who are referred to the Foundation gamble to make an extra income; for some who are unemployed, gambling is a way of making money,” she explained.

    Problematic gambling 

    The foundation (which is a non-profit organisation dedicated to the prevention and treatment of disordered gambling) said based on its referral statistics for the previous financial year, individuals who are unemployed were the second highest group to be referred.

    “This is concerning, as we see a surge of problematic gambling in South Africa, which results in an increase in social and psychological health issues in our country,” said the Executive Director.

    Signs of problematic gambling include preoccupation with gambling thoughts, chasing after your losses on gambling and being unable to stop gambling even after many attempts to do so.

    Other signs are borrowing money to cover up for debts caused by gambling, gambling when feeling distressed and lying about gambling or one’s whereabouts regarding gambling, among others.

    Help 

    Simelane-Quntana urged the public to seek assistance if they experience symptoms of problem gambling.  

    “The foundation offers free and comprehensive counselling and treatment for those affected by problematic gambling,” she said.

    The foundation, which is funded by licensed gambling operators (excluding the National Lottery), also undertakes special projects at the request of provincial gambling boards.

    Licensed gambling operators also support the foundation’s National Responsible Gambling Programme (NRGP), including awareness interventions through their own communication campaigns.

    The programme provides three services namely: prevention through education and public awareness campaign, treatment and counselling as well as research, monitoring and evaluation.

    The dtic, NGB and the Gauteng Gambling Board are among the partners of the foundation which assists those who need help on their confidential helpline, number 0800 006 008. The service is free of charge and available 24/7.

    Asked on whether there has been increased marketing of gambling, the Executive Director said this was the case.

    “There has been a rise in marketing and promotion of gambling activities in South Africa. This is also reflected by the R2.6 billion spent on gambling advertising, as reported for up to March 2025 in the news recently. Furthermore, the R1.1 trillion wagered into gambling as stipulated by the National Gambling Board for [the] financial year 2023/2024 implies the reality of South African’s being more attracted to gambling activities. 

    “Through our Taking Risks Wisely schools awareness programme, which is aimed at educating learners about the dangers of underage illegal gambling, we have noted field observation insights regarding children normalising gambling activities and actually partaking in them. 

    “This is not in isolation from the exposure at home and the media; however, it is also due to the illegal forms readily available at our spaza shops in communities known as Chinese Roulette Machines/Mochina, where they slot in R2 to play,” she said.

    Live within your means

    The foundation further called on the public to live within their means.

    “It is important to live within your means, draw a budget and understand that if life changes happen, such as losing a job, getting retrenched or getting a salary cut, it is important to adjust to the changes and ensure that your expenses are not more than your income.

    “Gambling cannot be a solution to one’s financial crisis and borrowing more money to cover other debts keeps you in the debt trap or circle, “said Simelane-Quntana.

    With Savings Month coming to an end this week, it is never too late to take back one’s power and get help. – SAnews.gov.za 
     

    Neo

    MIL OSI Africa –

  • MIL-OSI China: US, EU seal trade deal amid concerns over tariff imbalance

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

    U.S. President Donald Trump and European Commission President Ursula von der Leyen claimed Sunday that they had reached a trade deal under which the United States would impose a baseline tariff of 15 percent on European Union (EU) goods.

    The announcement was made at a joint press briefing Sunday afternoon following trade talks at the Trump Turnberry in South Ayrshire, Scotland.

    Although both leaders described the deal as a step toward restoring “trade balance” and promoting more equitable two-way commerce, the agreement allows the United States to impose a broad 15 percent tariff on EU goods while securing zero-tariff access for a range of strategic American exports. In contrast, the EU has pledged to purchase 750 billion U.S. dollars’ worth of American energy and commit an additional 600 billion U.S. dollars in investments in the United States.

    At the press briefing, Trump claimed the agreement would enable American cars to re-enter the European market and make U.S. agricultural exports more accessible in the EU. He also said that pharmaceuticals were excluded from the agreement, while existing 50 percent tariffs on EU steel and aluminium exports to the United States will remain in place.

    However, at a separate press briefing, von der Leyen clarified that the EU and the U.S. had agreed to include pharmaceuticals under the 15 percent tariff framework. She did not rule out the possibility of further U.S. trade actions in the future.

    When asked whether a 15 percent tariff for EU carmakers-up from 2.5 percent under the Biden administration-was a favorable outcome, von der Leyen responded that, prior to this agreement, European vehicles faced a total tariff of 27.5 percent when entering the U.S. market. This included a 25 percent levy imposed during Trump’s previous term in addition to the original 2.5 percent. The new 15 percent rate, she argued, represents a reduction from that level.

    Bernd Lange, chair of the European Parliament’s Committee on International Trade, criticized the newly reached deal as “unsatisfactory” and “significantly imbalanced,” warning that it could undermine the EU’s economic stability and job security.

    “This is a deal with a slant. Clearly, concessions have been made that are difficult to bear,” Lange said in a statement on Sunday.

    Prior to the agreement, over 70 percent of EU exports to the United States were subject to tariffs, including 50 percent on steel and aluminium, 25 percent on automobiles and parts, and a 10 percent duty on most other goods. Trump had warned that if no deal was reached by Aug. 1, the 10 percent tariff would be raised to 30 percent. 

    MIL OSI China News –

  • MIL-Evening Report: The celebrity halo effect: why abuse allegations against powerful men like Brad Pitt are so easily forgotten

    Source: The Conversation (Au and NZ) – By Jamilla Rosdahl, Senior Lecturer, Australian College of Applied Psychology

    Last month, actor Brad Pitt stepped onto the Formula One circuit as the leading man of the high-octane film F1, backed by Apple Studios, Jerry Bruckheimer Films and Pitt’s own Plan B Entertainment.

    During the publicity campaign, cameras followed Pitt at every twist and turn, beaming his heartthrob persona to audiences. The coverage was gushing, with few mentions of the 2016 allegations of physical and emotional abuse made by Angelina Jolie, the award-winning actor and Pitt’s former partner.

    Pitt was never charged over these allegations, but he was under considerable public scrutiny when they first came to light.

    The tone has since shifted. Now, many media outlets are focused on Pitt’s clothing, describing him as looking “effortlessly iconic” and someone who is “just trying to have fun with his style” – a seemingly polished return to the limelight.

    Pitt is far from an exception. He is part of a well-established pattern of powerful men in Hollywood who rebound from scandal quickly, and with seemingly little repercussion.

    Pitt’s career trajectory, bolstered by critical acclaim and PR campaigns, reveals how easily the public memory can be rewritten.

    How the media protects accused men

    One 2019 study that looked at coverage of rape allegations against Portuguese footballer Cristiano Ronaldo highlighted how the media helps construct narratives that favour the accused. The allegations came from American woman Kathryn Mayorga, who accused Ronaldo of raping her in 2009.

    The study found Portuguese media and political leaders largely defended Ronaldo, hailing him as a “national hero”. They focused on his career and presumption of innocence, while minimising and discrediting Mayorga’s account.

    When Mayorga reopened the case in 2018, alleging coercion into an earlier settlement, the coverage stereotyped her as a “gold digger”, diverting attention away from the issue of sexual violence. Reports also emphasised “collateral damages”, such as Ronaldo’s club avoiding matches in the United States.

    These findings underscore how the “celebrity halo” can compromise serious coverage of allegations.

    According to Karen Boyle, gender studies professor and author of the 2018 book #MeToo, Weinstein and Feminism, mainstream media and celebrity culture systemically protect powerful men accused of violence against women.

    Celebrity culture is fundamentally patriarchal, Boyle argues, and will centre men even when they’re found to be perpetrators. She writes:

    Even when these men fall, they fall spectacularly, with all eyes on them […] Their stories dominate.

    Instead of drawing attention to female survivors, media narratives orbit around the accused celebrity – including their downfall, legacy and potential redemption.

    The machinery of ‘redemption’

    The post-#MeToo era promised a reckoning. Survivors were to be heard, and powerful men held accountable. Yet the cultural reset hasn’t been what many supporters of the movement hoped for.

    Boyle argues we must understand #MeToo in relation to an ongoing history of popular misogyny which normalises men’s abuse of women.

    The #MeToo movement has faced mounting backlash since it went viral in 2017. Articles in Vox and Dame Magazine highlight how public sympathy is increasingly shifting towards accused men, recasting them as victims of “cancel culture” while sidelining survivors.

    Online platforms such as Instagram, Reddit and Youtbe have also created space for public commentators to blame victim-survivors and make excuses for famous male perpetrators.

    And it’s not just about attraction-leniency theory, wherein physically attractive people are judged more favourably. It’s also about race.

    One 2015 study found media coverage of intimate partner violence by celebrity men was more likely to be portrayed as “criminal” when the man was black.

    “Reports are more likely to include excuses for men’s violence against women when the coverage is of a white celebrity than when the celebrity is black,” said the author Joanna Pepin.

    White men in Hollywood accumulate prestige, status and connections that operate like currency, buffering them from consequences that would derail the careers of others.

    Ideology, power and coercive control

    As a scholar who had been analysing coercive control for more than ten years, I argue power operates not just through institutions, but through discourse: through who gets to speak, who is believed, what is remembered, and what is erased.

    Belief is often unconscious. The public may know violence occurred, but still act as though it didn’t. People choose to forget, to preserve the comforting fiction their favourite heartthrob is a good man.

    My research argues coercive control isn’t limited to perpetrators of domestic violence, but is a widespread tactic employed by high-profile men to assert power and dominance.

    It operates like a modern panopticon. Powerful men can use gendered power and social status to not only trap and discipline victims within an invisible prison, but can extend this control to entire communities.

    Importantly, this control can be subtle. It is often hidden behind performative niceness – hard to see and harder to prosecute.

    Shifting the lens

    Gender studies scholar Judith Butler argues Trump-era politics have actively distorted public conversations about gender, power and accountability. They explain in one interview:

    What we’re seeing with the Trump administration is a normalisation of hatred, of xenophobia, masculinity and misogyny that emboldens far-right groups and legitimises violence against vulnerable populations.

    Moving forward, we need to collectively recognise how media narratives can contribute to our collective amnesia of violence against women.

    We also need to prioritise teaching younger generations about masculine culture and the dangers of gendered violence. And when survivors speak, the focus shouldn’t be on whether they seem “credible” or “emotional enough”, but on the structures that may embolden the men they are accusing.

    Jamilla Rosdahl does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. The celebrity halo effect: why abuse allegations against powerful men like Brad Pitt are so easily forgotten – https://theconversation.com/the-celebrity-halo-effect-why-abuse-allegations-against-powerful-men-like-brad-pitt-are-so-easily-forgotten-261101

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Australia: Kakadu upgrades ensure safer access to top tourism spots

    Source: Workplace Gender Equality Agency

    The Australian and Northern Territory governments are delivering long-awaited upgrades to key roads in Kakadu National Park to improve visitor access, boost safety and support economic growth.

    The first tender under the Australian Government’s $70 million program of upgrades opens next week, with construction on Kubara Road and Maguk Road set to begin in 2025.

    These works are part of the Australian Government’s $216 million Growing Tourism in Kakadu package.

    The package was announced in 2019 and is now being delivered by the Northern Territory Government’s Department of Logistics and Infrastructure (DLI) in partnership with Parks Australia and the federal Department of Infrastructure, Transport, Regional Development, Communications, Sport and the Arts.

    Between 2025 and 2027, upgrades will be completed on five visitor roads – Jim Jim Falls, Maguk, Gimbat, Gunlom and Kubara – to improve flood immunity, support tourism and business, reduce closures and extend safe access to some of the Territory’s most iconic sites.

    Importantly, the works will be staged to minimise impact on visitors and operators. 

    Quotes attributable to Federal Infrastructure, Transport, Regional Development and Local Government Minister Catherine King:

    “With the increase in unpredictable and extreme weather events, it’s important to have resilient roads which allow reliable access for locals and tourists alike.

     “Improving the standard of these roads will reduce closures, increase productivity and drive the tourism economy of Northern Territory. 

    “We want to see tourists flock to Kakadu to take in the best of Australia’s fauna and flora – some of the best anywhere in the world.”

    Quotes attributable to NT Minister for Parks and Wildlife and Tourism and Hospitality Marie-Clare Boothby:

    “Kakadu is a key economic and cultural asset for the Northern Territory, and these upgrades will support our local communities and tourism operators.

    “These improvements will make it easier to visit stunning places like Maguk Gorge, with its stone amphitheatre and plunge pool, and Kubara Pools, near the Nanguluwurr Art Site.

    “It’s about delivering action, certainty and security for Traditional Owners, tourism operators and visitors.”

    Quotes attributable to NT Minister for Logistics and Infrastructure Bill Yan:

    “By raising and sealing roads, installing new culverts, and reducing flooding risks, these upgrades will make key Kakadu attractions safer, more reliable, and open for longer. 

    “Construction will be managed carefully to ensure continued access – delivering certainty for locals and the tourism sector.”

    Quotes attributable to Federal Member for Lingiari Marion Scrymgour:

    “This investment will make it safer and easier for people to visit some of Kakadu’s most iconic locations and experience this World Heritage wonder.

    “Upgrading these key roads will improve flood resilience and travel conditions, while supporting local businesses and tourism operators.

    “These works are part of our broader commitment to making sure Kakadu remains a world-class destination.” 

    MIL OSI News –

  • India-UK FTA reflects nation’s growing strength: Piyush Goyal

    Source: Government of India

    Source: Government of India (4)

    Union Commerce and Industry Minister Piyush Goyal on Sunday said that the India-UK Free Trade Agreement (FTA) reflects the growing strength and global standing of the country.

    Speaking to the media on the sidelines of a felicitation ceremony here, the Union Minister described the FTA as the most comprehensive free trade agreement India has signed to date.

    “This agreement is a result of the trust Prime Minister Narendra Modi has built globally. It has enabled India to negotiate and finalise trade deals with developed nations, not as competitors but as complementary partners,” Goyal said.

    He added that the FTA would unlock new opportunities for India and stands as a testament to the country’s rising stature on the world stage.

    The Minister noted that over the past 11 years, under the leadership of Prime Minister Modi, India has transformed from a fragile economy into one of the world’s top five.

    “By 2027, India will become the third-largest economy globally,” he said.

    Goyal also highlighted that India’s growing confidence has empowered it to engage in successful free trade agreements with advanced economies.

    Negotiations are currently underway with countries such as New Zealand, Oman, and the United States, as well as with the 27-member European Union.

    He further emphasised that the Modi government has opened new avenues for farmers, fishermen, and industries, leading to a sharp rise in exports.

    The government aims to double exports in the next five years. “Millions of youth are finding employment in the services sector, and the world now recognises PM Modi as one of the most respected and popular global leaders,” Goyal stated.

    In a post on social media platform X, the Minister also said, “Today, India is not just being seen — it is dominating global markets.”

    He spoke in detail about the benefits the India-UK Free Trade Agreement is bringing to various sectors, including agriculture, MSMEs, gems and jewellery, the fishing community, textiles, electronics and IT, and services.

    Goyal added, “Under Prime Minister Modi’s decisive leadership, India has established a strong and influential identity on the global stage. The India-UK FTA is a living example of that progress. It is a historic agreement that is opening new doors for every section of Indian society.”

    He further said that this step is extremely significant in every sense, as it will help fulfil the vision of a developed India by 2047.

    —IANS

  • India-UK FTA reflects nation’s growing strength: Piyush Goyal

    Source: Government of India

    Source: Government of India (4)

    Union Commerce and Industry Minister Piyush Goyal on Sunday said that the India-UK Free Trade Agreement (FTA) reflects the growing strength and global standing of the country.

    Speaking to the media on the sidelines of a felicitation ceremony here, the Union Minister described the FTA as the most comprehensive free trade agreement India has signed to date.

    “This agreement is a result of the trust Prime Minister Narendra Modi has built globally. It has enabled India to negotiate and finalise trade deals with developed nations, not as competitors but as complementary partners,” Goyal said.

    He added that the FTA would unlock new opportunities for India and stands as a testament to the country’s rising stature on the world stage.

    The Minister noted that over the past 11 years, under the leadership of Prime Minister Modi, India has transformed from a fragile economy into one of the world’s top five.

    “By 2027, India will become the third-largest economy globally,” he said.

    Goyal also highlighted that India’s growing confidence has empowered it to engage in successful free trade agreements with advanced economies.

    Negotiations are currently underway with countries such as New Zealand, Oman, and the United States, as well as with the 27-member European Union.

    He further emphasised that the Modi government has opened new avenues for farmers, fishermen, and industries, leading to a sharp rise in exports.

    The government aims to double exports in the next five years. “Millions of youth are finding employment in the services sector, and the world now recognises PM Modi as one of the most respected and popular global leaders,” Goyal stated.

    In a post on social media platform X, the Minister also said, “Today, India is not just being seen — it is dominating global markets.”

    He spoke in detail about the benefits the India-UK Free Trade Agreement is bringing to various sectors, including agriculture, MSMEs, gems and jewellery, the fishing community, textiles, electronics and IT, and services.

    Goyal added, “Under Prime Minister Modi’s decisive leadership, India has established a strong and influential identity on the global stage. The India-UK FTA is a living example of that progress. It is a historic agreement that is opening new doors for every section of Indian society.”

    He further said that this step is extremely significant in every sense, as it will help fulfil the vision of a developed India by 2047.

    —IANS

  • MIL-OSI Africa: President El-Sisi Follows Up on Latest Developments in Industrial Projects

    Source: APO


    .

    Today, President Abdel Fattah El-Sisi met with Prime Minister Dr. Mostafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry, lieutenant General Kamel El-Wazir, Minister of Investment and Foreign Trade Engineer Hassan El-Khatib, Minister of Petroleum and Mineral Resources Engineer Karim Badawi, and CEO of the Environmental Affairs Agency Dr. Ali Hamid.

    The Spokesman for the Presidency, Ambassador Mohamed El-Shenawy, said that during the meeting, the President reviewed the latest developments regarding the implementation of industrial projects, the provision of necessary raw materials for industrial operations, means for securing the required financing, and efforts to establish partnerships with major international specialized companies, in addition to plans for marketing the products both locally and globally.

    The President emphasized the importance of petrochemical and mining industries implemented by the Ministry of Petroleum and Mineral Resources, given their role in maximizing the added value of Egypt’s natural and mineral resources, meeting domestic market needs, exporting to international markets, and therefore contributing to the expansion of related industries. These efforts shall create job opportunities and boost returns for the national economy.

    President El-Sisi underscored the importance of accelerating the localization of related industries in Egypt and attracting investment to this vital sector.

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

    MIL OSI Africa –

  • MIL-OSI Russia: Fresh-cut roses from Northwest China greenhouses reach Central Asian markets

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    LANZHOU, July 27 (Xinhua) — The delivery time of fresh-cut roses from greenhouses in Linxia City, Linxia Hui Autonomous Prefecture, northwest China’s Gansu Province, to consumers’ flower vases in Almaty, Kazakhstan, is the shortest possible time – 48 hours from the moment the fragrant produce is “harvested.” In recent years, fresh-cut roses from northwest China have continued to expand their geographic reach from the Chinese market to overseas markets.

    Linxia Hui Autonomous Prefecture, with an average altitude of 2,000 meters, has become a high-quality rose growing area due to its abundant sunshine and dry climate.

    In the smart greenhouses at the farm of Inun International Flower Port (hereinafter referred to as Inun) in Linxia, roses bloom all year round. This was made possible by modern technological equipment, including automatic ventilation and temperature control systems, a system with water and fertilizer integration technology for irrigation, and disinfection, which contributes to stable and efficient flower cultivation throughout the year.

    Currently, this company grows 10 varieties of roses with a color palette of 8 different shades. The daily production volume reaches 180 thousand pieces, and the annual production volume of flower products exceeds 60 million pieces. These freshly cut roses are supplied both to major cities in China and abroad.

    Gansu Hauzhizhou Economic and Trade Co., Ltd. /”Flower Kingdom”/ is engaged in the sale of freshly cut roses grown on the above-mentioned farm. According to Li Zetian, deputy general manager of Hauzhizhou, the rose products from the company’s Yinong farm are of high quality. In particular, these roses last a long time in a vase, remaining fresh for 3-5 days longer than ordinary flowers. Such quality makes “Linxia roses” competitive in the international market.

    “During the market research as part of the Belt and Road Initiative, we found that there is a sharp increase in demand for Chinese flowers in Kazakhstan. This opens up broad prospects for cooperation,” said Li Zetian. According to him, the company has sources of stable supplies of fresh flowers and can effectively use the advantages of Almaty in the areas of customs clearance efficiency, warehousing management and regional logistics network.

    According to the latest data from Huazhizhou, over 1.5 million fresh-cut roses were exported to Kazakhstan, Kyrgyzstan and other Central Asian countries in the first half of this year.

    According to Li Zetian, the company has already formed a preliminary customer base, and in the second ten days of July this year, an overseas warehouse was established in Almaty in cooperation with Kazakhstani partners. In addition, the company is also gradually promoting the establishment of a branch in Almaty in order to cover not only the countries of Central Asia, but also to expand the sales market for its products by entering the market of Russia and other Eastern European countries. The sales model of “direct deliveries from the Chinese base and distribution through an overseas warehouse” allows “roses from Linxia” to be delivered directly to overseas consumers.

    According to Long Shangyi, an official with the Linxia City Department of Agriculture and Rural Affairs, local agricultural departments regularly provide enterprises with technical advice on growing flowers and plants. “We hope that cross-border cooperation will become a platform for deepening the exchange between Chinese flower culture and the horticultural experience of Central Asian countries,” he emphasized. -0-

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

    .

    MIL OSI Russia News –

  • MIL-OSI USA: United States Disrupts North Korea Revenue Generation, Offering Rewards of Up to $15 Million

    Source: United States Department of State (2)

    Office of the Spokesperson

    United States Disrupts North Korea Revenue Generation, Offering Rewards of Up to $15 Million

    Media Note

    July 24, 2025

    Today, the Departments of State, Justice, and the Treasury are executing coordinated, decisive actions to keep Americans safe from North Korea’s malicious and illicit revenue generation schemes. The Department of State’s Transnational Organized Crime Rewards Program (TOCRP) is offering rewards totaling up to $15 million for information leading to the arrests and/or convictions, in any country, of North Korean nationals Sim Hyon-sop and six co-conspirators involved in these schemes.

    North Korea’s revenue generation schemes—which include cryptocurrency theft, illicit information technology (IT) work, trafficking in counterfeit goods, oil smuggling, and other transnational criminal activities—often target U.S. companies and U.S. citizens to raise funds for North Korea’s dangerous and unlawful WMD and ballistic missile programs, which threaten the U.S. homeland and stand in contravention of UN and U.S. sanctions. In many cases, these ballistic missiles have been unlawfully transferred to Russia, where they have been used to strike Ukrainian territory, including Kyiv.

    Today’s actions illustrate the U.S. government’s commitment to mitigating such threats posed by North Korea to protect U.S. companies, the U.S. financial system, and American citizens. The United States will not stand idly by while North Korea profits from criminal activity to fund its destabilizing actions.

    Sim Hyon-Sop and six co-conspirators were charged for their role in illicit activities to buy and sell tobacco from North Korea to gain access to U.S. dollars. The Department of State’s reward offers include an increase of up to $7 million for Sim Hyon-Sop, up to $3 million each for Myong Chol-Min and Kim Se-Un, and up to $500,000 each for Kim Yong-Bok, Kim Chol-Min, a/k/a “Jack,” Ri Tong-Min, a/k/a “Elvis,” and Ri Won-Ho.

    Sim Hyon-Sop and some of his co-conspirators—including Kim Se-Un—have also been involved in illicit IT worker schemes. North Korea dispatches thousands of IT workers abroad to orchestrate fraudulent IT work, often from Russia and China. Today, the Department of the Treasury is designating Korea Sobaeksu Trading Company, which has previously deployed IT workers to Vietnam, and three North Korean nationals, including Kim Se Un, Myong Chol Min, and Jo Kyong Hun, who have been involved in illicit revenue generation schemes. North Korea’s overseas networks provide it with access to technology, illicit finance networks, and facilitators to support its revenue generation to fund UN and U.S. sanctioned entities including the Munitions Industry Department and Ministry of Atomic Energy and Industry. The Department of State continues to engage foreign countries that support North Korean IT workers in order to prevent the targeting of Americans by North Korean revenue generation schemes.

    In addition, Christina Marie Chapman, an American citizen, will be sentenced today in the District of Columbia for her role in a North Korean IT worker scheme that defrauded more than 300 U.S. companies, including Fortune 500 corporations. North Korean IT workers specifically target remote jobs with U.S. companies due to the high salaries, which they remit back to North Korea to fund the unlawful production of WMD and ballistic missiles.

    Today’s individual reward offers are authorized by the Secretary under the TOCRP, which supports law enforcement efforts to disrupt transnational crime globally and bring fugitives to justice. If you have information, please send tips to the FBI via phone/text/WhatsApp at +1-480-695-1388. If you are located outside of the United States, you can also visit the nearest U.S. embassy or consulate. If you are in the United States, you can also contact the local FBI field office.

    THE IDENTITIES OF ANYONE PROVIDING TIPS WILL BE KEPT STRICTLY CONFIDENTIAL. Per 22 U.S.C. section 2708(f), government officials and employees are not eligible for rewards if information is provided in the performance of official duties.

    Separately, the State Department’s Rewards for Justice (RFJ) national security program has a standing reward offer of up to $5 million for information that leads to the disruption of financial mechanisms of persons engaged in certain activities that support the North Korean government and its sanctions evasion. Rewards can be paid for actionable information regarding IT worker schemes, money laundering, cyber activity, and other illicit activities that support WMD proliferation and missile development. More information on RFJ’s North Korea reward offers is available here.

    MIL OSI USA News –