News & Events
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Basketball Africa League and Afreximbank expand multi-year collaboration to empower young professionals in Africa
The Basketball Africa League (BAL) and African Export-Import Bank (Afreximbank) announced an enhanced partnership aimed at developing young basketball talent and supporting Africa’s creative industries. The announcement came during the fourth Intra-African Trade Fair (IATF2025) in Algeria.
The expanded collaboration introduces “BAL Advance: Next Play,” set to launch in 2026, which will provide BAL players and coaches with business workshops and networking opportunities to develop entrepreneurial skills. This initiative builds upon the existing BAL Advance program, which focuses on financial literacy and leadership development.
Additionally, the partnership will support BAL Future Pros, a program designed to nurture early-career talent in Africa’s sports industry. Applications for this program will be available in September through NBA Careers and BAL websites.
Read the original article here: https://bal.africa-newsroom.com/press/basketball-africa-league-and-afreximbank-expand-multiyear-collaboration-to-empower-young-professionals-in-africa?lang=en
Commonwealth Chamber explores strategic growth with Mohan Energy
The Commonwealth Chamber of Commerce’s Ankita Yadav recently held promising discussions with Srinivas Prasad, representing the renowned Mohan Energy Corporation (MEC), a leading player in turnkey power sector projects.
MEC, known for its impressive track record of 100% project completion rate, has established a strong presence across more than 30 African nations and various Southeast Asian countries. The company has successfully executed projects in collaboration with foreign governments, multilateral funding agencies, UN organisations, and corporate entities.
As part of the prestigious Mohan Group, established in 1974, MEC benefits from a legacy of four decades of international operations spanning Africa, the Middle East, South America, and Southeast Asia. The Group, headquartered in New Delhi, maintains an extensive network of overseas offices and associates across multiple African nations, including Ghana, Mozambique, Zambia, Gambia, and Togo.
The meeting marks a significant step toward potential future collaborations and business opportunities between the Commonwealth Chamber and the energy sector giant.
UPL Subsidiary to acquire Decco Holdings UK for $502 million
UPL Ltd’s subsidiary, Advanta Mauritius, has approved the acquisition of Decco Holdings UK for $502 million from UPL Corporation Mauritius. The related-party transaction aims to consolidate UPL’s post-harvest operations under its seed platform.
Decco Holdings reported consolidated revenue of INR 933 crore in FY25, representing 1.98% of UPL’s revenue, with a net worth of INR 431 crore. The deal is expected to close by December 31, 2025, subject to approval by the shareholders.
Following the transaction, Decco’s operations will integrate with Advanta’s seed business, where UPL will maintain a 78.21% effective stake. The company expects the merger to enhance operational synergies, digitalisation opportunities, and market presence in emerging economies.
KNAV Advisory Private Limited provided the valuation report for the arm’s length transaction. UPL shares closed 2.45% lower at INR 710.15 on the NSE before the announcement.
In a separate development, UPL Global Ltd, the company’s UK-based step-down subsidiary, has recently agreed to acquire a 49% stake in Thailand’s Grow Chemical Co., Ltd., for $0.76 million.
Read the original article here: https://scanx.trade/stock-market-news/orders-deals/upl-ltd-executes-rs-51-92-crore-block-trade-on-nse/18331888
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Bangladesh’s Fashion Startup Evolution | Webinar Recording
The webinar explores how Fabraex, a budding Bangladeshi fashion startup, bridges the gap between traditional and modern fashion by empowering locals with unique designs. CEO Saqlain presents on Fabraex’s challenges and opportunities, highlighting their stylish, ethical, and affordable fashion fabrics.
Bangladesh’s Fashion Startup Evolution
Join us for an exciting webinar that will take you on a journey through the world of Fabraex – a budding Bangladeshi fashion brand with a fresh perspective on blending cultural heritage with contemporary style. Founded by the visionary Fahim Khandkar and driven by the leadership of CEO Saklain bin Salim, Fabraex is a young startup on a mission to empower individuals to embrace their authentic identities through fashion.
Fireside chat with Dr Indrajit Coomaraswamy: Lessons to be learnt from Sri Lanka’s recent economic crisis | Webinar Recording
The ongoing economic crisis in Sri Lanka offers important lessons for policymakers globally. In a thought-provoking fireside chat, Julia Charlton chair of the Commonwealth Chamber of Commerce speaks with Dr. Indrajit Coomaraswamy, former Governor of Sri Lanka’s Central Bank, to analyse the origins and impacts of the crisis, along with Sri Lanka’s path to recovery.
Reimagining the Commonwealth Continuum Revolutionising Commonwealth Trade
The Trade Review investigates the impact of the COVID-19 pandemic on Commonwealth trade performance and outlook on recovery. It also offers policy revisions and guidelines for policy-makers and businesses.
Islamic Banking Overview
This newsletter and presentation is an overview of Islamic Banking which is particularly relevant to the 730 million or so members in the Commonwealth, and a guide for non-Muslims to Islamic banking practices.
Commonwealth Secretariat report on impact of COVID-19 on maritime trade and post-pandemic recovery policies
On 26 June 2021, the Commonwealth Secretariat released a study on oceanic trade and port rankings. It surveys impacts of the pandemic and other factors, and highlights policy gaps for effective trade growth.
An Ode to Mussels
In June of 2020, the World Economic Forum held their 50th annual meeting amidst the early days of the coronavirus pandemic. Normally the World Economic Forum focused on improving market efficiencies, business innovations, and global trade, but this meeting was particularly different.
Guardians of the forests
Earlier this month, over 120 world leaders gathered in Glasgow, Scotland, to attend the 26th United Nations Climate Change Conference (COP26) which Prince Charles described as “the last chance saloon” to save the world from runaway climate change.
Advancing gender equality in Africa
Gender equality has been thoroughly misconstrued in Africa. However, it should be clarified that gender equality does not undermine one gender and make the other weaker. Rather, it denotes that there should be equal opportunities for men and women and sex should not be a prerequisite for who should qualify for opportunities.