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Middle East Investors Expo Abuja: Hassan Imam, Allen Onyema, Dele Alake, Maher Al Kaabi, and Hussein Wehbe, others Unlock New Opportunities

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The inaugural Nigeria-Middle East Investors Expo, hosted by Dotmount Communications (www.DTComs.com/), concluded in Abuja on Friday with a historic gathering of investors, business leaders, and industry experts from the Middle East, Europe, the United States, and Africa. The event featured over 300 thought leaders participating in panel discussions across six stages, exhibitors showcasing innovative investment opportunities, and hundreds of government dignitaries in attendance.

In keeping with Dotmount Communications’ tradition of excellence, a prestigious gathering of over 100 distinguished business leaders, investors, and industry experts from the Middle East and around the world convened at the Transcorp Hilton Hotel. The event featured a stellar lineup of speakers, including prominent figures such as:

– Minister Dele Alake, Minister of Solid Minerals

– Senator Abubakar Kyari, Minister of Agriculture and Food Secutity

– Allen Onyema, Chairman of Air Peace

– Hassan Imam, Managing Director of Keystone Bank

– Felix Achibiri, Chairman of DFC Holdings

– Maher Al Kaabi, UAE Circular Economy Council member

– Romain Ekoto, Chief Aviation Officer at the African Development Bank

Additionally, a panel of esteemed industry experts shared their expertise, including Dr. Rawaa Harati, Mehdi Khammasi, Dr. Thamer A. Baazeem, Dr. Ibukun Adebayo, Charity Annan, Hussein Wehbe, Dr. Mirah Zaki, Hussein Ayoub, Sindy Foster, Mustapha Onimisi and Sania Ansari. They delivered insightful presentations on business, investment, and economic development, sparking thought-provoking discussions and inspiring attendees to engage in meaningful dialogue. The experts’ valuable insights highlighted the vast opportunities and growth prospects in these sectors, fostering a deeper understanding and appreciation among the audience

The event provided a platform for networking, knowledge sharing, and deal-making, paving the way for future partnerships and investments. The grand gala dinner concluded the expo, with attendees enjoying a night of entertainment, awards, and recognition.

According to Adedotun Olaoluwa, President of Dotmount Communications, “The Abuja edition of the Middle East Investors Expo has emerged as a powerful platform for showcasing innovation, fostering meaningful dialogue, and creating engagement on the future of trade and investment in Africa. We have marked a significant milestone for investment in the continent, with Nigeria emerging as a leading hub for innovation and entrepreneurship.

Key Highlights:

– Strategic sectors: The expo focused on key sectors such as infrastructure, technology, energy, agriculture, metals and mining, utilities and renewables, healthcare, real estate and construction, financial services, telecom, media, and technology.

– Global participation: The event attracted hundreds participants, including high-profile investors, business executives, and government representatives from the Middle East, Europe, and Africa.

Networking opportunities: The expo featured keynote speeches, panel discussions, and networking sessions, providing a platform for stakeholders to share insights, identify investment potential, and forge lasting relationships.

Partnership and cooperation: The event highlighted the growing confidence in Africa’s economic potential and the Middle East’s commitment to supporting its growth, marking a new era of cooperation between the two regions.

– Investment opportunities: The expo showcased the vast investment opportunities in Africa, focusing on energy, infrastructure, agriculture, and technology, and highlighting the continent’s potential as a hub for global investment.

The Middle East Investors Expo Abuja has set the stage for a landmark gathering, facilitating meaningful connections and driving economic progress in Africa. As the continent continues to attract global attention, this expo will play a vital role in shaping the investment landscape and fostering a spirit of cooperation between the Middle East and Africa.

Key Highlights:

– Strategic sectors: The expo focused on key sectors such as infrastructure, technology, energy, agriculture, metals and mining, utilities and renewables, healthcare, real estate and construction, financial services, telecom, media, and technology.

– Global participation: The event attracted hundreds participants, including high-profile investors, business executives, and government representatives from the Middle East, Europe, and Africa.

Networking opportunities: The expo featured keynote speeches, panel discussions, and networking sessions, providing a platform for stakeholders to share insights, identify investment potential, and forge lasting relationships.

Partnership and cooperation: The event highlighted the growing confidence in Africa’s economic potential and the Middle East’s commitment to supporting its growth, marking a new era of cooperation between the two regions.

– Investment opportunities: The expo showcased the vast investment opportunities in Africa, focusing on energy, infrastructure, agriculture, and technology, and highlighting the continent’s potential as a hub for global investment.

The Middle East Investors Expo Abuja has set the stage for a landmark gathering, facilitating meaningful connections and driving economic progress in Africa. As the continent continues to attract global attention, this expo will play a vital role in shaping the investment landscape and fostering a spirit of cooperation between the Middle East and Africa.

Distributed by APO Group on behalf of Dotmount Communications.

EHRC report reveals three deaths and over 150 injuries due to unsanitary detention conditions

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The Ethiopian Human Rights Commission (EHRC) has reported that unsanitary and substandard treatment of detainees has resulted in the deaths of three individuals and injuries to more than 150 others. The situation in Addis Ababa detention centers has deteriorated, with many detainees being transferred to Awash Arba Detention Camp and other informal detention centers following the implementation of the state of emergency.

According to the EHRC’s 3rd Annual Human Rights Situation Report, released on July 5, 2024, three people have died and 190 others have fallen ill due to overcrowded and unsanitary conditions in the city of Galan, also known as Awash Siddha. The report covers the period from June 2023 to June 2024.

The EHRC highlighted significant human rights violations in the Awash Arba detention center, where detainees lack access to medical treatment. High temperatures and the remoteness of the facility exacerbate these issues, contributing to the dire conditions.

The report also revealed widespread arbitrary arrests, mass detentions, and detentions for non-compliance with court decisions across various jurisdictions. Many detainees who were granted bail in Addis Ababa remain incarcerated, reportedly because they were “wanted by the command post, let the supreme order come.”

In addition to the arrests in Addis Ababa, the EHRC confirmed arbitrary arrests by government security forces in the Amhara Region, including in cities such as Bahir Dar, Debre Tabor, Debre Markos, Fenote Salam, Gondar, Lalibela, Mekaneselam, Kobo, and Showa Robit. The treatment of detainees was described as inhumane, with reports of severe mistreatment and neglect.

Daniel Bekele, PhD, the outgoing head of the EHRC, emphasized the need for peaceful means, dialogue, consultations, and a transitional justice process to break the cycle of conflict and address large-scale human rights violations in Ethiopia. He urged all parties involved in armed conflicts and those concerned with the country’s human rights situation to support the national consultation and transitional justice process to ensure its successful implementation.

UN General Assembly unanimously adopts resolution to bridge global AI divide

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In a landmark move, the 78th session of the United Nations General Assembly has unanimously adopted a resolution aimed at enhancing international cooperation for building capacity in artificial intelligence (AI). The resolution, titled “Enhancing International Cooperation on Capacity-building of Artificial Intelligence,” was proposed by China and co-sponsored by over 140 countries.

The adoption of this resolution by consensus reflects the extensive global agreement on the critical importance of strengthening AI capacity building, particularly in developing countries. It demonstrates the shared political will among UN member states to address the widening digital divide and ensure all countries can benefit equitably from AI’s rapid advancement.

“This resolution speaks volumes about the global commitment to bridging the AI divide through solidarity and cooperation,” said Ambassador Fu Cong of China, who introduced the draft resolution. “By working together, we can empower sustainable development and build a community with a shared future for humanity.”

The resolution reaffirms key global frameworks like the UN Charter, the 2030 Agenda for Sustainable Development, and the Addis Ababa Action Agenda. It recognizes both the opportunities and potential risks posed by AI, underscoring the need for AI systems to be safe, secure, reliable, trustworthy, and aligned with human rights.

A central focus of the resolution is addressing the capacity challenges faced by developing countries, such as insufficient digital infrastructure, knowledge, skills, and resources. It calls for expanded public and private investment, increased funding and technical assistance to help these nations build AI capabilities and achieve the Sustainable Development Goals.

The resolution encourages all member states to incorporate AI capacity building into their national development strategies. It also emphasizes the importance of strengthening international cooperation through policy exchanges, knowledge sharing, technology transfer, training, and research collaboration.

“This landmark resolution represents a significant step forward in our collective efforts to ensure AI benefits people worldwide, not just in a few countries,” said UN Secretary-General António Guterres. “I commend Member States for their unity and commitment to this crucial endeavor.”

With the resolution’s adoption, the international community has reaffirmed its pledge to work together to bridge the global AI divide. Experts believe this could pave the way for more coordinated, impactful actions to empower sustainable development through AI innovation and technology transfer.

Ahadu Bank posts impressive profit amidst challenging conditions

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Ahadu Bank, one of Ethiopia’s fastest-growing financial institutions, has announced exceptional financial results for the fiscal year ending June 30, 2024. Despite a challenging domestic and global business environment, the bank recorded a remarkable profit of over 175 million Birr before tax and other deductibles.

“Our performance is astonishing given the challenging business environment,” said Sealem Liben, CEO of Ahadu Bank. “In a particularly difficult fiscal year, we remained committed to delivering exceptional financial products with excellent customer service, which paid off remarkably.”

The bank’s operating income surged to 1.15 billion Birr, reflecting sustained growth in banking activities and diversified revenue streams. Ahadu Bank also increased its paid-up capital to 1.03 billion Birr, reinforcing its financial stability and capital adequacy while positioning the bank well for future expansion and investment opportunities.

Ahadu Bank’s total assets reached 6.3 billion Birr, demonstrating a strong liquidity position, prudent asset management, and strategic investments. The bank expanded its reach, with 104 branches across Ethiopia, providing convenient access to financial services for over 700,000 customers.

“The bank’s commitment to financial inclusion, strong partnerships, and collaborations with stakeholders as well as the deployment of digital technology has been instrumental in its success,” added Sealem. “This year’s performance indicates our ability to grow rapidly and deliver the positive economic impact with quality service that is expected of Ahadu Bank.”

Looking ahead, Ahadu Bank is poised to continue its growth trajectory, guided by its new five-year strategic plan and a business model focused on business growth, human capital, agile operational platforms, a customer-centric operating model, and a strong commitment to environmental, social, and governance (ESG) principles.