News & Events
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Namibia’s cabinet approves upstream local content policy, marking a turning point for the industry
Namibia’s cabinet has approved the National Upstream Local Content Policy, a transformative measure to reduce dependence on foreign expertise and strengthen local capacity within the oil and gas sector. The policy seeks to foster economic sovereignty by integrating Namibian businesses and workers into the petroleum value chain, ensuring that the country’s growing oil potential directly benefits its citizens.
Aligned with Namibia’s broader development objectives, such as Vision 2030, the policy requires oil operators to submit detailed Local Content Plans outlining their commitments to local employment, procurement, and workforce training. It also establishes a transparent regulatory framework to attract investment while supporting sustainable development and energy independence.
Namibia is targeting its first oil production by 2029, with significant discoveries in the Orange Basin, including Graff-1X and Venus-1X, spearheaded by international firms such as TotalEnergies, Shell, and Galp Energias. The African Energy Chamber has commended the policy as a model for other African nations, striking a balance between empowering local stakeholders and fostering international collaboration to drive long-term economic growth and job creation.
Read the original article here: https://www.africa-newsroom.com/press/namibias-cabinet-approves-upstream-local-content-policy-marking-a-turning-point-for-the-industry?lang=en
Ghana Farmer’s Day
Farmers’ Day in Ghana was established in 1985 following severe droughts in the early 1980s. It emphasises the importance of agriculture and its critical role in the country’s progress. The celebration features a variety of events, including national awards ceremonies, where outstanding farmers and fishers are recognised with prizes such as tractors, farming equipment, and cash. Exhibitions showcasing agricultural products and innovations are also held, alongside community events featuring traditional dances, cultural displays, and speeches by government officials.
Farmers’ Day underscores the government’s dedication to supporting the agricultural sector and promoting sustainable farming practices to ensure Ghana’s continued growth and development.
StanChart to hire more wealth managers in Hong Kong, Singapore under US$1.5 billion plan
Standard Chartered has announced plans to significantly expand its team of relationship managers in Hong Kong, Singapore, and the United Arab Emirates (UAE) as part of a five-year strategy to oversee an additional $200 billion in client funds.
According to Judy Hsu, CEO of Wealth and Retail Banking, the initiative includes a 50% increase in staffing by 2028, with a focus on private, priority-private, and international clients. Clients with a net worth exceeding $10 million will be a key target. The bank also plans to enhance international banking capabilities through its London advisory centre.
This move aligns with the UK-based lender’s October announcement to double its investment in wealth management to $1.5 billion, focusing on affluent and international clients while scaling back retail banking in markets like Botswana, Uganda, and Zambia.
Read the original article here: https://www.scmp.com/business/money/wealth/article/3289322/stanchart-hire-more-wealth-managers-hong-kong-singapore-under-us15-billion-plan
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Empowering Travel for All: A Fireside Chat with Snowball Community Founder Simon Sansome
The Commonwealth Chamber of Commerce is pleased to host Simon Sansome, Founder of Snowball Community, for an insightful fireside chat about his Snowball Community App, which serves as the leading “TripAdvisor” style app for the disabled community.
The Ghana Story
Commonwealth Chamber of Commerce warmly invites you to join us for a webinar focusing on the opportunities in Ghana across various sectors such as natural resources, tourism, sports, agriculture, ICT and more.
Navigating Bangladesh’s Entrepreneurial Landscapes
Embark on a journey into the thriving entrepreneurial landscape of Bangladesh, a country experiencing consistent economic growth, currently ranking as the 39th largest global economy.
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.