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Bamboo secures digital broker license from Nigeria’s Securities & Exchange Commission (SEC)

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SEC’s issuance of the license to Bamboo ensures oversight of the relationship with its sponsoring broker, Lambeth Capital

LAGOS, Nigeria, February 9, 2023/APO Group/ — 

Bamboo (https://InvestBamboo.com) Systems Technology Limited (“Bamboo”), Africa’s leading online brokerage firm, announced today that it has been granted a digital sub-broker license from Nigeria’s Securities & Exchange Commission (SEC), allowing the company to operate in the Nigerian capital market as well as include Nigerian securities on its platform.

The license will also enable Bamboo to deepen its relationships with financial service providers to offer its API services

SEC’s issuance of the license to Bamboo ensures oversight of the relationship with its sponsoring broker, Lambeth Capital, while also empowering it to enter into partnerships with multiple brokers to serve its clients. The license will also enable Bamboo to deepen its relationships with financial service providers to offer its API services.

Bamboo is focused on its commitment to best practices and allowing its retail investors the ability to trade local securities on the Nigerian Exchange Group.

In 2021, Bamboo began the rigorous application process for the SEC’s digital sub-broker license which was introduced that year. This included a thorough examination of its finances and governance process.

“We are thrilled to reach this important milestone and are fully committed to our obligations as a registered digital broker. Since the launch of Bamboo, we work every day to provide the best technology solutions, backed by industry best practices, to allow Nigerian retail investors to access an unprecedented number of digital securities to build long-term wealth. We are grateful for our collaboration with the SEC, which has shown its dedication to protect investors while allowing for innovation to flourish,” said Richmond Bassey, CEO and Co-founder of Bamboo.

Distributed by APO Group on behalf of Bamboo

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Hong Kong: Independent committee to conduct comprehensive and in-depth review following major fire

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HONG KONG SAR – Media OutReach Newswire – 2 December 2025 – The Hong Kong Special Administrative Region (HKSAR) Government is going all out to support victims and investigate the cause of a massive fire that engulfed seven out of eight high-rise residential blocks at Wang Fuk Court in Tai Po, Hong Kong, on November 26.

The tragedy prompted an outpouring of support from the public and urgent actions from the HKSAR Government to provide all-round assistance to the victims while launching a thorough investigation into the cause of the blaze.

Government support across multiple areas

John Lee, Chief Executive of the HKSAR, emphasised that the Government attaches high importance to the well-being of affected residents, focusing not only on immediate relief aid but also their various long-term living needs.

As a top priority, the Government immediately started providing support across multiple areas, including financial aid, accommodation, medical assistance, and counselling.

Regarding financial support, the Government has been offering an emergency cash subsidy of HK$10,000 (US$1,282) per affected household, with more than 1,900 households registering for the subsidy.

Moreover, the Support Fund for Wang Fuk Court in Tai Po has been set up with an initial HK$300 million (US$38 million) injection from the Government. The fund has so far raised a total of HK$2.3 billion (US$294 million), including HK$2 billion (US$256 million) from donations. The fund will be used to assist the residents in rebuilding their homes and providing long-term and sustained support, including families of each deceased victim receiving HK$200,000 (US$25,641) as a token of solidarity as well as HK$50,000 (US$6,410) to cover funeral costs.

As for foreign domestic helpers who lost their life in the incident, the next of kin of each deceased helper will receive roughly HK$800,000 (US$102,564) from the Government, including a one-off financial assistance of HK$250,000 (US$32,051) and the statutory compensation of over HK$500,000 (US$64,102).

The Government will also provide four special subsidies, namely the injury grant (HK$50,000 to HK$100,000, i.e. US$6,410 to US$12,820), the student grant (HK$20,000, i.e. US$2,564), the subsidy for workers (HK$20,000, i.e. US$2,564) and the subsidy for foreign domestic helpers (HK$20,000, i.e. US$2,564).

So far, more than 1,000 residents have been accommodated in youth hostels/camps or hotel rooms and another 1,600 residents have moved into transitional housing units. Furthermore, two shelters remain in operation for residents in need.

Criminal and fire investigations

Initial investigations have raised serious concerns in a number of areas with more than a dozen individuals from various construction and engineering consultancy companies arrested on suspicion of manslaughter in connection with the tragedy.

Various building materials, including scaffolding netting, foam boards and canvas, have been seized from the scene for further testing and investigation. The Police and the Independent Commission Against Corruption have established a joint task force to conduct a comprehensive criminal investigation.

Independent committee to conduct review

Mr Lee has also announced the establishment of an independent committee, headed by a judge, to conduct a comprehensive and in-depth review.

“I call for a thorough investigation and serious reform. We’ll overcome the obstacles of vested interests, pursue accountability, regardless of who he or she is. We must uncover the truth, ensure that justice is served, let the deceased rest in peace and provide comfort to the living.

“While criminal and fire investigations are proceeding continuously, I will establish an independent committee to conduct a comprehensive and in-depth review to reform the building works system and prevent similar tragedies from occurring in the future. To ensure the committee’s independence and credibility, I will invite a judge to lead its work. I shall liaise with him to define its detailed terms of reference, and at the same time, I will explore ways to assist in supporting the committee’s operational efficiency such that the Government can provide more detailed information or carry out some work on its direction so as to enable it to complete its task efficiently and submit a report early to the Chief Executive with recommendations to assist the Government to make the reform,” Mr Lee said on December 2.

Meanwhile, the Chief Executive announced that the upcoming Legislative Council General Election would go ahead as planned on December 7.

“Only by enabling the new Legislative Council members to assume their duties promptly can we advance post-disaster reconstruction, follow-up support, recovery efforts, and the necessary legislative reviews and reforms more swiftly and effectively,” Mr Lee said. “Many initiatives require Legislative Council deliberation, funding approval, and law-making before implementation. This represents the most responsible approach towards Hong Kong’s future.”

 

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Eskom’s Alfred Seema Joins African Energy Chamber (AEC) G20 Forum Amid Focus on Improved Generation, Strategic Partnerships

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African Energy Chamber

Eskom is driving a Generation Recovery Plan under efforts to enhance energy security in South Africa

Alfred Seema, Group Executive: Strategic Delivery Unit of South Africa’s state-owned power utility Eskom, has been confirmed as a speaker at the African Energy Chamber’s G20 Africa Energy Investment Forum (https://EnergyChamber.org/) – taking place November 21 in Johannesburg. Seema’s participation comes as the company accelerates a General Recovery Plan, striving to enhance energy security and generation capacity across the country. His participation is expected to unlock new pathways for global partnerships as the country pursues a just energy transition.

 

Eskom has been at the forefront of addressing South Africa’s loadshedding crisis through targeted policies. The company launched a Load Reduction Elimination Strategy in September 2025, offering a clear roadmap to strengthen the country’s distribution network and address high-risk isolated areas. The program takes a three-phased approach, including expanding free basic electricity access from the current 485,000 households to 2.1 million households; accelerating the rollout of smart meters, with 6.2 million planned over the next three years; and deploying distributed energy resources, with 250 set to be installed over the next five years. Eskom is also rolling out a Generation Recovery Plan, aimed at strengthening energy supply. Since August 2025, generation performance has improved significantly under the plan, with the Energy Availability Factor reaching 70%. Between October 1 and 23 alone, the Unplanned Capability Loss Factor reduced to 22.8%, reflecting a marginal improvement compared to the same period in 2024.

South Africa’s path to energy security depends on embracing a truly diversified mix

Looking ahead, Eskom’s generation strategy focuses on a dual approach of improving the existing fleet and transitioning to cleaner sources of fuel. Aligned with South Africa’s Integrated Resource Plan (IRP), the company aims to develop a balanced energy mix that incorporates all sources of energy. The IRP 2025 offers a clear investment roadmap for the power sector, targeting 105 GW of new generation capacity by 2039. This includes 5.3 GW of new nuclear capacity – expandable to 10 GW – as well as 34 GW of onshore wind, 25 GW of utility-scale solar, 8.2 GW of storage and 16 GW of gas-to-power. The plan also envisages the development of a Clean-Coal Technologies Demonstration Plan by 2030. Eskom is currently reviewing the IRP 2025 and will publish its own updated strategic plan.

The generation strategy has already begun to yield positive results. In November 2025, Eskom announced that its Koeberg Nuclear Power Station has secured a 20-year license extension, with both of its units expected to deliver 1,860 MW of baseload power until 2045. This follows the announcement of simplified compliance and registration processes for customers who generate their own electricity through Small-Scale Embedded Generation, enabling private players to invest in generation infrastructure. In September 2025, Eskom achieved commercial operations at Unit 6 at the Kusile Power Station, marking the end of construction of the Medupi and Kusile coal plants. Together, the two facilities deliver up to 9,600 MW of power. These projects form a cornerstone of Eskom’s generation strategy, signaling the company’s commitment to diversified energy development in South Africa.

Meanwhile, as part of a strategic restructuring, the South African government has begun the process of unbundling Eskom by separating the company into three entities: generation, transmission and distribution. While operating under Eskom, the companies will function as separate entities under efforts to strengthen efficiency, attract private investment and enhance competition across the sector. To date, the transmission entity – the National Transmission Company of South Africa – has been established and began operations in July 2024. However, to successfully complete the unbundling process, challenges associated with financial viability need to be addressed. The G20 Forum supports these goals be connecting global capital to South African power projects and partners.

“South Africa’s path to energy security depends on embracing a truly diversified mix. Eskom generation plan marks a decisive shift toward balanced growth. Through platforms like the G20 Africa Energy Investment Forum, we can attract the right partners and capital to strengthen South Africa’s generation base and ensure every household and industry benefits from affordable, dependable power,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.

To register for the Forum click here (https://apo-opa.co/47TjSwG).

Distributed by APO Group on behalf of African Energy Chamber.

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International Carpet & Flooring Expo (ICFE) 2026 expands with global reach and record growth in Istanbul

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The International Carpet & Flooring Expo (ICFE) adds an 11th hall as global demand surges, welcoming 500 companies from 25 countries and expecting 50 thousand professional visitors to Istanbul on 6-9 January 2026

ISTANBUL, Turkey, October 13, 2025/APO Group/ –Now in its third edition, the International Carpet & Flooring Expo (ICFE) (https://apo-opa.co/4qmxfOy) — previously known as CFE, has rapidly established itself as one of the most important meeting points for the sector worldwide. Organised by Tüyap Exhibitions Group (https://Tuyap.com.tr/) in collaboration with the Istanbul Carpet Exporters’ Association (İHİB) and the Southeastern Anatolia Carpet Exporters’ Association (GAHİB), the fair has taken on a truly international identity, drawing buyers, manufacturers, and decision-makers from across six continents.

Even in an era when the winds of e-commerce sweep through every corner of trade, face-to-face networking continues to be where enduring connections are made that get deals done. For the carpet and flooring industry, no event embodies this better than ICFE, taking place at the Istanbul Expo Center from 6–9 January 2026.

A new hall added

ICFE 2026 will be a platform where new partnerships are formed, and the future of the industry takes shape

The growth trajectory is striking. Responding to strong demand, ICFE has expanded to an 11th hall for 2026. All halls are already fully booked, with world-renowned brands securing their place early, reflecting the Expo’s role as a central hub for the industry.

ICFE’s global influence is powered by a comprehensive marketing strategy that spans more than 80 countries. Through digital media, targeted campaigns, and international B2B matchmaking systems, the Expo connects exhibitors and visitors directly and efficiently. This global outreach not only differentiates ICFE from other sector events but also ensures that each edition creates new opportunities for trade and partnership.

Over 50 thousand attendees expected

Looking ahead, ICFE 2026 is expected to host nearly 500 companies from 25 countries, including China, Iran, Pakistan, India, Afghanistan, Uzbekistan, the USA, Egypt, Jordan, Belgium, and France. Around 50,000 professional visitors from 105 countries are anticipated, with particularly strong attendance from Germany, Italy, China, India, Iran, Belgium, the USA, Russia, and the Middle East. Building on the 2025 edition—where 78% of exhibitors reported new business connections—the organisers have set an ambitious target of 85% for 2026.

“Our industry may embrace digital tools, but it thrives on the trust and connections that come from meeting in person,” said İlhan Ersözlü at Tüyap Exhibitions Group. “The expansion of ICFE to an 11th hall and the diversity of international participation demonstrate how vital Istanbul has become as a global centre for carpets and flooring. ICFE 2026 will be a platform where new partnerships are formed, and the future of the industry takes shape.”

Distributed by APO Group on behalf of TÜYAP.

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