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Samoa preparing for Commonwealth Heads of Government meeting

Samoa preparing for Commonwealth Heads of Government meeting

Next week, Samoa will host the Commonwealth Heads of Government Meeting (CHOGM 2024) with 56 countries in attendance. Preparations for this significant event have been underway for four years, involving local businesses stockpiling supplies and villages decorating each participating nation’s colours.

The meeting follows Samoa’s White Sunday holiday, known as Lotu Tamaiti, which celebrates family with singing, dancing, and feasting. On Manono Island, children performed at the Methodist church for this important occasion, which is the second-largest public holiday in Samoa after Christmas.

The town centre of Apia was bustling with shoppers preparing for the holiday, with many seeking new outfits for their children. Local businesses, like Tanoa clothing store, have been busy stocking up and reported a customer surge in the lead-up to Lotu Tamaiti and CHOGM. As the event approaches, each village in Samoa is adopting a Commonwealth country, decorating their streets to welcome the world leaders arriving next week.

Visit here for more: https://www.rnz.co.nz/news/world/530760/samoa-preparing-for-commonwealth-heads-of-government-meeting

Jio-BlackRock mutual fund venture approved by SEBI JioFinance app leads digital financial revolution

Jio-BlackRock mutual fund venture approved by SEBI JioFinance app leads digital financial revolution

The Securities and Exchange Board of India (SEBI) has given the green light to the joint venture between Jio Financial Services and BlackRock. This strategic alliance brings together Jio’s vast customer base of 450 million users and BlackRock’s expertise in managing assets worth over $10 trillion, to make investing more accessible to Indian customers. The partnership will offer a range of investment products tailored to different financial needs, simplifying the investment process.

Mukesh Ambani’s Jio Financial Services holds a 50% stake in the venture, while BlackRock owns the remaining 50%. The partnership was announced in July 2023, with both companies committing to invest $150 million each, totalling $300 million, to transform India’s mutual fund sector.

The Indian mutual fund industry has witnessed remarkable growth, with assets under management reaching INR53.40 lakh crore in March 2024, a staggering 35.46% increase compared to the previous year. With only 44 mutual fund companies currently operating in India, this venture aims to capture a significant market share through innovative, technology-driven solutions and focus on digital-first services, enhancing customer reach and accessibility.

Read the original article here: https://tradebrains.in/jio-blackrock-mutual-fund-venture-approved-by-sebi-jiofinance-app-leads-digital-financial-revolution/

Mwalimu Nyerere Day: Tanzania

Mwalimu Nyerere Day: Tanzania

Mwalimu Nyerere Day, honours Julius Nyerere, the founding father and first president of Tanzania. Nyerere was instrumental in securing the country’s independence and shaping its post-independence policies. Known affectionately as “Mwalimu,” which means “teacher” in Swahili, he is celebrated for his visionary approach to socialism, self-reliance, and dedication to education and unity among Tanzania’s diverse ethnic groups.

This significant day serves as a time for reflection on Nyerere’s enduring contributions to Tanzania, particularly his impactful policies in education, health, and agriculture. Mwalimu Nyerere Day also encourages meaningful discussions about his legacy and its relevance to Tanzania’s development. Celebrations include various events such as ceremonies, speeches, and community gatherings, all emphasising Nyerere’s ideals and their importance in contemporary Tanzania.

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