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Canon begins using scrap-recycled steel in printing products and supplying steel scrap from used Multifunction Devices (MFD) to steel manufacturers in an effort to promote resource recycling

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Canon

Canon has set targets of 20% for 2025 and 50% for 2030, after recording a value of around 16% in fiscal 2022

DUBAI, United Arab Emirates, February 10, 2025/APO Group/ –Canon Inc. (www.Canon-CNA.com) announced today that the company will begin using recycled steel material (electric furnace steel sheets) in some printing products, including office multifunction devices (MFDs), home inkjet printers, large-format inkjet printers and commercial printing presses, that will be released in 2025. Going forward, Canon will gradually increase the number of products utilizing recycled steel.

Electric furnace steel sheets are recycled materials produced in an electric furnace from steel scrap that has been collected from used products. Its use thereby reduces the input of new resources and increases the resource recycling rate.

Furthermore, since CO2 emissions from the production of electric furnace steel sheets are about one-fifth of those from blast furnace steel sheets—common steel materials made from iron ore— their contribution to decarbonization is attracting attention. Steel is the second most used material by weight in Canon’s printing products, following plastic. Canon has studied the characteristics of electric furnace steel sheets and optimized the processing method so that they could be used in products.

The production of electric furnace steel sheets requires steel has been thoroughly separated from other materials including plastic and copper. Currently, Canon Ecology Industry Co., Ltd., one of Canon’s group companies, finely separates steel scrap from collected used office MFDs and sells the refined steel scrap to Tokyo Steel Manufacturing Co., Ltd. (Tokyo Steel), an electric furnace steelmaker. The total amount of collected steel scrap provided to Tokyo Steel from April 2020 to March 2024 was more than 5,000 tons.

Canon will supply steel scrap to Tokyo Steel, and in turn use the electric furnace steel sheets produced by Tokyo Steel to develop, design, and manufacture more sustainable products thereby promoting the recycling and effective use of limited resources.

Resource Recycling Targets of Canon’s Digital Printing Business 

The resource recycling rate is a numerical figure indicating what proportion of the sales volume by weight of Canon’s Printing Business utilizes recycled materials or components. Canon has set targets of 20% for 2025 and 50% for 2030, after recording a value of around 16% in fiscal 2022.

Pursuing those targets, its globally located recycling operation sites are working to improve the sorting accuracy of recycled resources (ferrous, non-ferrous, plastic, etc.), improve the reuse rate of parts in recycled office multifunction devices, and increase the type and production volume of internally recycled materials. As a result of these activities to improve reuse and recycling, the resource recycling rate in 2023 improved to approximately 17%.

Initiatives aimed at net zero CO2 emissions 

Since 1988, Canon has adopted the corporate philosophy of Kyosei and based on this philosophy has been at the forefront of initiatives to protect the environment to build harmonious relationships with the Earth and the natural environment. Since 2008, the company has been working to achieve an annual average improvement of 3% in lifecycle CO2 emissions per product. As a result, since 2008 it has achieved an average annual rate of 3.95% (2008-2023) and a cumulative improvement of 44.4%. Canon will continue working to cut its CO2 emissions across product lifecycles and aims to achieve net zero emissions by 2050 through various activities.

Distributed by APO Group on behalf of Canon Central and North Africa (CCNA).

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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