Business Enquirer Magazine | Issue 127 | July 2024

ALKHORAYEF PETROLEUM FUELLING SUCCESS THROUGH COLLABORATION

PURPOSEFUL MINING

Enabling educators. Empowering students.

Explore how we accelerate student discovery, learning and innovation with our Digital Education 3D Experience.

E XPLORE THE 3D EXPERIENCE

A WORD FROM OUR TEAM

Welcome to the July 2024 Edition of Business Enquirer -Issue 127.

In this issue, we spotlight the Hellenic Development Bank (HDB), a pivotal institution in Greece’s economic growth. Formed in 2019 with a financial history dating back to 2003, HDB supports micro, small, and medium enterprises (MSMEs) by facilitating access to funding and managing risk, having facilitated 120,000 loans totaling over sixteen billion euros. More than just a bank, HDB’s multifaceted business model covers a range of functions aimed at fostering economic growth. HDB’s innovative initiatives include a Know Your Customer (KYC) platform to enhance service efficiency and an AI-embedded loan origination process to streamline operations. Every aspect of their business is dedicated to championing entrepreneurs’ dreams, fueling economic growth, and nurturing development.

We also delve into Exxaro Resources Limited, one of South Africa’s largest mining companies. With a diversified portfolio that includes coal, iron ore, wind, and solar energy, Exxaro is listed on the Johannesburg Stock Exchange (JSE) Top 40 Index and the Socially Responsible Investment Index. With a market capitalization of $3.48 billion (R64.28 billion), Exxaro is among the top five coal producers in South Africa. Known for its innovation and commitment to people development, Exxaro’s purpose is to power possibility in Africa and beyond.

Additionally, we present our exclusive feature on the Top 10 CSOs (Chief Sustainability Officers). These leaders are driving their organisations’ sustainability initiatives, integrating environmental, social, and governance (ESG) principles into their business strategies. Get to know the visionaries who are steering their companies towards a more sustainable future.

These are just a few highlights from this edition, each offering a glimpse into the passion and determination that drive these companies and leaders forward. We hope these stories inspire you as much as they’ve inspired us.

If you have a business story you wish to share in 2023, please contact our Head of Production via production@busenq.com

FOLLOW US ON INSTAGRAM @BUSINESS ENQUIRER

Laura Watling Editor in Chief

Jamie Bolton Head of Design

The editor and publishers do not guarantee the accuracy of statements made by contributers or advertisers, or accept responsibilty for any statement they express in this publication. The opinion of the contributors may not necessarily be the opinion of the editor or publishers. All content including the presentation therof in this magazine is the property of BE Media and protected by internation al copyright laws. You may not copy, reproduce, distribute, transmit, modify, create derivitave works, or in any other way exploit any part of copyrighted material without prior written permission from BE Media ©BE Media

ACCELERATING SUSTAINABILITY: SCHNEIDER ELECTRIC’S COMMITMENT TO A GREENER FUTURE NEWS 014

ZURICH: A BLUEPRINT FOR THE SMART CITY REVOLUTION NEWS 018

REVOLUTIONIZING TRANSACTIONS THE FUTURE OF PAYMENTS TECHNOLOGY NEWS 030

038 THIS MONTH’S A SPOTLIGHT

094 EXPANSION

BUSINESS PARTNER UPDATES 008

INTERNATIONAL HOTEL GROUP

IHG HOTELS & RESORTS TO LAUNCH THE HOLIDAY INN EXPRESS BRAND IN EGYPT IYC

THE INAUGURAL CYCLADES CUP: A FANTASTIC CELEBRATION OF SAILING IN ANTIPAROS

054 DSM-FIRMENICH THE POWERFUL IMPACT OF AGRICULTURAL INNOVATION IN THE MIDDLE EAST

062 ARASCO THE POSITIVE IMPACT OF ARASCO IN THE MIDDLE EAST AND UAE

CUSTOMER DRIVEN INNOVATIVE ENGINEERING SOLUTIONS

070 086 076 FUELLING SUCCESS THROUGH COLLABORATION ALKHORAYEF PETROLEUM

DEGRITA HELLENIC DEVELOPMENT BANK

MORE THAN A FINANCIAL INSTITUTE

PARTNER UPDATES

IHG HOTELS & RESORTS TO LAUNCH THE HOLIDAY INN EXPRESS BRAND IN EGYPT

The longstanding partnership with Arkan Palm for Real Estate Investment sees IHG’s expansion in Egypt with the new 200-keys Holiday Inn Express West Cairo 205

IHG® Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with leading developer Arkan Palm for Real Estate Investment to further expand its presence in Egypt with the launch of the first Holiday Inn Express hotel in the country.

As IHG’s largest and fastest-growing hotel brand with more than 3,100 hotels world-wide, Holiday Inn Express is dedicated to simplifying travel with accessible and comfortable accommodations at every stage. The world-renowned brand continues to be the first choice for the increasing number of travellers who need a simple, engaging place to rest, recharge and get a little work done, globally. Set to open in 2027, Holiday Inn Express West Cairo 205 will meet the needs of today’s tech-savy and on-the-go travellers.

Set in the blossoming West Cairo area in close proximity to popular destinations

such as the Pyramids and the Grand Egyptian Museum, the hotel will feature essential amenities to cater to the needs of those traveling for business, leisure, or a mix of both. In addition to high-speed Wi-Fi and well-appointed rooms, Holiday Inn Express West Cairo 205 will feature two meeting venues, F&B and retail outlets as well as a fitness centre, serving as a versatile hub for all visitors during their stay.

Haitham Mattar, Managing Director, India, Middle East & Africa, IHG, said: “Our expansion in Egypt with our trusted partners at Arkan Plam for Real Estate Investment underscores our commitment to Cairo’s hospitality sector and supporting Egypt’s National Tourism Strategy. We are proud to be bringing a range of brands from our global portfolio to cater to the diverse traveller profiles.

He added: “The Holiday Inn Express brand perfectly aligns with the growing demand for quality, affordable accommodation in the country. The new Holiday Inn Express West Cairo 205 will provide an elevated experience to smart travellers with next generation guest rooms and public spaces. We are confident that the hotel will be the first choice for an increasing number of travellers to Egypt who need a simple, engaging place to rest or get their work done.”

Engineer Amr Badreldine

Chief Executive Officer of Arkan Palm for Real Estate Investment,

stated, “We are excited to continue our fruitful partnership with IHG Hotels & Resorts to introduce the first Holiday Inn Express in Egypt. This project not only reinforces our longstanding

partnership but is also testament to our shared commitment to elevating Egypt’s hospitality sector. We believe in delivering exceptional experiences, and the introduction of Holiday Inn Express is in line with our vision to provide high-quality accommodation. We are confident that this new addition will set new standards in the industry and cater to the diverse needs of modern travelers, whether they are here for business or leisure.”

Arkan Palm for Real Estate Investment successfully delivered an on-brand Crowne Plaza hotel in West Cairo in February 2022. It has since become one of the brand’s flagship properties in the MEA region. The group is also developing a 250key InterContinental West Cairo 205, due in 2028, and the 140-key voco West Cairo 205 Suites, set for completion in 2026.

IHG currently has seven hotels operating across four brands in Egypt, including InterContinental, Crowne Plaza, Holiday Inn, and Staybridge Suites. IHG also boasts a strong pipeline of 19 hotels due to open within the next five years across the country.

www.ihgplc.com

THE INAUGURAL CYCLADES CUP: A FANTASTIC CELEBRATION OF

SAILING IN ANTIPAROS

The enchanting Cycladic island of Antiparos played host to the inaugural Cyclades Cup from June 14-16 2024. This highly anticipated event, organized in collaboration with the Yacht Club of Greece, marked an exciting addition to the sailing calendar, officially sanctioned by the Super Yacht Racing Association (SYRA). As a gold sponsor, IYC was proud to support this prestigious regatta, alongside platinum sponsor UBS and fellow gold sponsor Perini Navi. The event also benefitted from the media partnership of BOAT International.

Below, we share a recap of the race and the social calendar of events that made this event such a success.

The Social Calendar

Festivities kicked off on June 13th with the Perini Navi Sunset Cocktail Party, setting the tone for the days to follow. Guests enjoyed an exquisite evening against the backdrop of Antiparos’ stunning sunset, mingling and celebrating the commencement of the regatta.

Race day one on June 14th saw yachts fiercely competing in three distinct classes: the Meltemi Class, featuring three 108’ (33m) sailing yachts; the Skyphian Class, comprising three yachts ranging from 82’ (25m) to 90’ (30m); and the Apollo Class, which included six yachts between 121’ (37m) and 184’ (56m), among them IYC’s own ALMYRA II. As the sun set, participants and spectators gathered at the Antiparos Port for the race results.

The evening continued with the exclusive BOAT International Owners Club Event held at The Rooster Farm in Livadia Bay. This dinner party provided an intimate setting for yacht owners and guests to unwind, share stories, and enjoy the atmosphere. IYC was a proud sponsor.

Day two concluded with a grand Awards Ceremony at the Antiparos High School, where winners were celebrated. Attendees then moved on to Bardot, a venue in Antiparos Square, for the closing party. The event was a fitting end to the thrilling races.

Racing with the Corinthian Spirit

The Cyclades Cup embraced the SuperYacht Racing Association’s Corinthian Spirit initiative, which offers an alternative to conventional ORCsy racing. This non-spinnaker Corinthian Spirit Class racing emphasizes fun and competitive spirit while reducing the need for extensive race optimization and additional crew. This approach not only streamlines the handicapping process but also minimizes the impact on yacht Captains’ resources and reduces overall regatta expenses.

Antiparos: A Jewel of the Cyclades

Antiparos, with its narrow cobbled alleys, white-washed houses adorned with vibrant bougainvilleas, and shadowy eucalyptus trees, provided a picturesque and serene setting for the Cyclades Cup. Located just one nautical mile from Paros, this small island is a hidden gem in the southern Aegean Sea, perfect for a relaxing holiday or a family vacation.

A Great Success

The inaugural Cyclades Cup was a resounding success, blending competitive sailing with elegant events and showcasing the breathtaking beauty of Antiparos. We look forward to the years to come.

www.iyc.com

Schneider Electric, a global leader in energy management and automation, places sustainability at the core of its operations, aligning with the United Nations Sustainable Development Goals (SDGs). Their comprehensive strategy targets significant environmental and social advancements through ambitious initiatives set for 2021-2025 and beyond.

Schneider Sustainability Impact 20212025

The Sustainability Impact program outlines specific, measurable goals supporting SDGs, including increasing access to green electricity, enhancing energy efficiency, and promoting biodiversity. By 2025, Schneider Electric aims to provide 50 million people with green electricity, improve energy efficiency by 15% across its sites, and source 90% of its electricity from renewable sources, progressing towards 100% by 2030.

Net-Zero Commitment

Schneider Electric is committed to achieving net-zero carbon emissions across its entire value chain by 2050. This goal is structured around three major milestones:

1. By 2025, 80% of the company’s energy consumption will come from renewable sources.

2. By 2030, the company aims to achieve carbon neutrality in operations.

3. By 2050, the target is net-zero emissions across the full value chain.

Biodiversity and Climate Action

To preserve natural ecosystems, Schneider Electric pledges no net biodiversity loss in its operations by 2030, involving rigorous action plans and monitoring. The company’s climate strategy emphasizes reducing carbon emissions, implementing zero-waste initiatives, and transitioning to SF6-free medium-voltage technologies.

Empowering Communities

Schneider Electric focuses on social sustainability, aiming to improve the well-being of employees, customers, and communities. Key objectives include ensuring fair wages for all employees, promoting health and safety, and enhancing educational opportunities by training one million people in energy management by 2025, particularly targeting underserved communities.

ACCELERATING SUSTAINABILITY: SCHNEIDER ELECTRIC'S COMMITMENT TO A GREENER FUTURE

Recognitions and Awards

The company’s efforts have earned numerous accolades, such as the Ecovadis Platinum Rating, recognition in the Corporate Knights Global 100, listing among the World’s Most Admired Companies, and the Terra Carta Seal for commitment to sustainable markets.

2030 Agenda for Sustainable Development

Schneider Electric’s initiatives align with the UN's 17 SDGs, covering a wide spectrum of sustainability goals such as reducing poverty, supporting agricultural initiatives, enhancing educational opportunities, promoting gender equality, and ensuring sustainable water management.

Future Outlook

Looking ahead, Schneider Electric continues to innovate and refine its sustainability strategies, integrating new technologies and practices for greater impact. The company combines robust goal-setting with transparent reporting to ensure accountability and continuous improvement.

https://www.se.com/ww/en/about-us/sustainability/

Conclusion

Schneider Electric’s sustainability strategy exemplifies a comprehensive approach to addressing global environmental and social challenges. Through ambitious targets, innovative practices, and a strong commitment to the UN SDGs, Schneider Electric sets a benchmark for corporate responsibility and leads the way towards a more sustainable and inclusive future.

For more details on Schneider Electric's sustainability initiatives, please visit their official sustainability page.

ZURICH: A BLUEPRINT FOR THE SMART CITY REVOLUTION

Nestled in the heart of Switzerland, Zurich is renowned for its picturesque landscapes, thriving financial sector, and high quality of life. Yet, beneath the surface of this traditional Swiss city lies a beacon of technological innovation and urban planning that is setting new standards globally.

As the world grapples with rapid urbanization, climate change, and digital transformation, Zurich’s evolution into a smart city offers a compelling model for sustainable, inclusive, and efficient urban living.

The Foundations of a Smart City

A smart city leverages technology and data to improve the quality of life for its residents, enhance sustainability, and optimize urban services. Zurich’s journey towards becoming a smart city is grounded in a blend of strategic planning, public-private partnerships, and a strong emphasis on sustainability.

1. Strategic Vision and Governance

Zurich’s smart city vision is encapsulated in its Smart City Zurich strategy, launched in 2018. This strategy outlines the city's

commitment to harnessing digital technologies to address urban challenges, enhance public services, and foster economic growth. The strategy focuses on five key areas: mobility, environment, society, economy, and governance.

2. Public-Private Partnerships

A hallmark of Zurich’s approach is its robust collaboration between the public and private sectors. The city works closely with academic institutions like ETH Zurich, leading tech companies, and innovative startups to drive its smart city initiatives. These partnerships facilitate

knowledge exchange, foster innovation, and ensure that solutions are scalable and sustainable.

3. Citizen Engagement

At the core of Zurich’s smart city initiatives is a strong commitment to citizen engagement. The city recognizes that technology alone cannot solve urban challenges; active participation from residents is crucial. Through various platforms and initiatives, Zurich encourages citizens to contribute ideas, provide feedback, and actively participate in shaping the city’s future.

Smart Mobility: Redefining Urban Transportation

One of the most visible aspects of Zurich’s smart city transformation is its innovative approach to mobility. As cities worldwide struggle with congestion, pollution, and inefficient public transport, Zurich’s mobility solutions offer valuable lessons.

1. Integrated Public Transport System

Zurich boasts one of the most efficient and integrated public transport systems globally. The city’s trams, buses, and trains

are seamlessly connected, ensuring smooth and efficient travel across the city. Real-time data from sensors and GPS devices help optimize routes, reduce waiting times, and enhance the overall passenger experience.

2. Smart Traffic Management

To tackle traffic congestion, Zurich employs an advanced traffic management system. Using data from sensors, cameras, and GPS devices, the system monitors traffic flow in real-time and adjusts traffic signals dynamically to

optimize traffic movement. This not only reduces congestion but also minimizes emissions and enhances road safety.

3. Promotion of Sustainable Transport

Zurich is committed to promoting sustainable modes of transport. The city has an extensive network of cycling lanes and pedestrian pathways, encouraging residents to opt for eco-friendly travel options. Additionally, Zurich’s public bikesharing system, Züri rollt, provides an affordable and convenient alternative for short trips around the city.

Sustainable Urban Development

Sustainability is a cornerstone of Zurich’s smart city vision. The city’s efforts to integrate technology and sustainability are evident in its urban planning, energy management, and waste reduction initiatives.

1. Green Building Standards

Zurich has implemented stringent green building standards to ensure that new constructions are energy-efficient and environmentally friendly. The city’s Minergie standard, a Swiss sustainability label, promotes energy-efficient buildings that reduce carbon footprints and enhance indoor comfort. Many of Zurich’s public buildings, including schools and administrative offices, adhere to these standards.

2. Renewable Energy Initiatives

Zurich is a pioneer in the adoption of renewable energy. The city aims to source 100% of its electricity from renewable sources by 2050. Solar panels, wind turbines, and hydroelectric power plants are integral to Zurich’s energy infrastructure. The city also encourages residents to install solar panels through subsidies and incentives.

3. Waste Management and Recycling

Efficient waste management is crucial for sustainable urban living. Zurich’s waste management system is highly efficient, with a strong emphasis on recycling. The city has implemented a pay-per-bag system for waste disposal, incentivizing residents to reduce waste and recycle more. Additionally, Zurich’s waste-toenergy plants convert non-recyclable waste into energy, further minimizing the city’s environmental impact.

SMART CITIES

Digital Innovation and Economic Growth

As a global financial hub, Zurich leverages its economic prowess to foster digital innovation and economic growth. The city’s smart city initiatives are designed to create a thriving ecosystem for businesses, startups, and entrepreneurs.

1. Innovation Hubs and Research Centers

Zurich is home to several innovation hubs and research centers that drive technological advancements. Institutions like ETH Zurich and the University of Zurich collaborate with industry partners to conduct cutting-edge research in fields such as artificial intelligence, blockchain, and the Internet of Things (IoT). These collaborations have led to the development of numerous smart city solutions.

2. Support for Startups

The city actively supports startups through various programs and initiatives. Zurich’s startup incubators and accelerators provide resources, mentorship, and funding to budding entrepreneurs. The city’s vibrant startup ecosystem has produced numerous success stories, particularly in the fintech and cleantech sectors.

3. Digital Infrastructure

A robust digital infrastructure is essential for a smart city. Zurich’s high-speed internet connectivity, extensive fiberoptic network, and widespread availability of public Wi-Fi create a conducive environment for digital innovation. The city’s digital infrastructure supports various smart city applications, from smart traffic management to e-governance.

Enhancing Quality of Life through Smart Solutions

Ultimately, the success of Zurich’s smart city initiatives is measured by the quality of life of its residents. By leveraging technology, Zurich aims to create a safer, healthier, and more inclusive city.

1. Smart Healthcare

Zurich’s healthcare system is undergoing a digital transformation to enhance patient care and improve health outcomes. Telemedicine services, electronic health records, and health monitoring apps are some of the innovations that make healthcare more accessible and efficient. Additionally, Zurich’s hospitals and clinics leverage data analytics to improve diagnostics and treatment plans.

2. E-Governance and Citizen Services

Zurich’s e-governance initiatives streamline administrative processes and make public services more accessible. Residents can access various services, from applying for permits to paying taxes, through digital platforms. The city’s online portals provide real-time information on public services, enhancing transparency and efficiency.

3. Smart Safety and Security

Ensuring the safety and security of residents is a top priority for Zurich. The city employs a range of smart solutions to enhance public safety. Surveillance cameras, sensors, and data analytics are used to monitor public spaces and detect potential security threats. Additionally, Zurich’s emergency response system leverages real-time data to coordinate swift and effective responses to emergencies.

Challenges and Future Directions

Despite its impressive achievements, Zurich’s journey towards becoming a fully realized smart city is not without challenges. Issues such as data privacy, cybersecurity, and digital inclusion need continuous attention and innovation.

1. Data Privacy and Security

As Zurich collects and analyzes vast amounts of data, ensuring data privacy and security is paramount. The city adheres to strict data protection regulations and employs advanced cybersecurity measures to safeguard sensitive information. However, as technology evolves, Zurich must remain vigilant and proactive in addressing emerging threats.

2. Digital Inclusion

To ensure that all residents benefit from smart city initiatives, Zurich must address the digital divide. This involves providing access to digital technologies and training to underserved communities. Zurich’s digital inclusion programs aim to equip residents with the skills needed to navigate the digital landscape and benefit from smart city services.

3. Continuous Innovation

The rapid pace of technological advancement necessitates continuous innovation. Zurich’s smart city strategy includes provisions for regular updates and revisions to incorporate new technologies and address emerging challenges. By fostering a culture of innovation and collaboration, Zurich aims to stay at the forefront of the smart city revolution.

Zurich’s transformation into a smart city is a testament to the power of strategic planning, collaboration, and innovation. The city’s holistic approach, which integrates technology with sustainability and citizen engagement, offers valuable lessons for cities worldwide. As Zurich continues to evolve, it serves as a blueprint for the cities of the future – urban centers that are not only intelligent and efficient but also sustainable and inclusive. By embracing the principles of a smart city, Zurich is not just preparing for the future; it is actively shaping it.

REVOLUTIONIZING

THE FUTURE OF PAYMENTS

TRANSACTIONS PAYMENTS TECHNOLOGY

In an age where speed, convenience, and security are paramount, the landscape of payments technology is undergoing a radical transformation. From contactless payments to blockchain innovations, the industry is being reshaped by technological advancements, changing the way businesses and consumers handle financial transactions. This article delves into the evolving world of payments technology, highlighting key companies, insights from senior leaders, and the future trajectory of this dynamic sector.

The Evolution of Payments Technology

The history of payments is a testament to humanity’s ingenuity in finding ways to exchange value. From bartering and coins to paper money and credit cards, the journey has been long and varied. In recent decades, digitalization has accelerated this evolution, introducing electronic payments, mobile wallets, and cryptocurrencies.

Contactless Payments: A Touch-Free Revolution

One of the most significant advancements in recent years has been the rise of contactless payments. With the advent of Near Field Communication (NFC) technology, consumers can make transactions with a simple tap of their card or smartphone. This technology gained immense traction during the COVID-19 pandemic, as it minimized physical contact and enhanced hygiene.

Visa’s Leadership in Contactless Payments

Visa, a global payments technology company, has been at the forefront of this revolution. Al Kelly, CEO of Visa, stated, “The pandemic has accelerated the shift towards digital payments, and contactless technology is at the heart of this transformation. We’ve seen a significant increase in the adoption of contactless payments, which is here to stay.”

Visa’s commitment to innovation is evident in its continuous efforts to improve the security and convenience of its payment solutions. By leveraging advanced encryption and tokenization technologies, Visa ensures that contactless payments are not only quick but also secure.

The Rise of Mobile Wallets

Mobile wallets have emerged as a gamechanger in the payments industry. These digital wallets, integrated into smartphones, allow users to store their credit and debit card information securely and make payments with ease. Companies like Apple, Google, and Samsung have developed their own mobile wallet solutions, enhancing the user experience and driving adoption.

Apple Pay: Setting the Standard

Apple Pay, launched in 2014, has become a benchmark for mobile wallet services. Tim Cook, CEO of Apple, emphasized the importance of user privacy and security in Apple Pay’s design. “We believe that privacy is a fundamental human right. With Apple Pay, we’ve built a payment system that prioritizes security and simplicity, ensuring that users can make transactions with confidence.”

Apple Pay’s seamless integration with Apple devices and its focus on user experience have made it a preferred choice for many consumers. The service’s ability to facilitate in-app purchases, online payments, and peer-to-peer transfers has contributed to its widespread adoption.

Blockchain and Cryptocurrencies: The Future of Payments?

Blockchain technology, initially known for powering cryptocurrencies like Bitcoin, is now being explored for its potential to revolutionize the payments industry. The decentralized nature of blockchain offers transparency, security, and efficiency, making it an attractive option for financial transactions.

Ripple: Bridging the Gap

Ripple, a blockchain-based payment protocol, aims to transform crossborder payments. By leveraging its cryptocurrency, XRP, Ripple provides a faster and more cost-effective alternative to traditional banking systems. Brad Garlinghouse, CEO of Ripple, highlighted the company’s vision: “Our mission is to enable the world to move value like it moves information today. We believe blockchain technology can revolutionize the financial system, making it more inclusive and efficient.”

Ripple’s partnerships with major financial institutions, such as Santander and American Express, demonstrate the growing interest in blockchain solutions for payments. These collaborations aim to streamline cross-border transactions, reducing costs and settlement times.

Security in the Digital Age

As payments technology evolves, so do the threats posed by cybercriminals. Ensuring the security of digital transactions is paramount for maintaining consumer trust and preventing financial losses. Companies in the payments sector are investing heavily in advanced security measures to safeguard sensitive information.

Mastercard’s Approach to Security

Mastercard, a leading global payments company, has been proactive in addressing security concerns. Ajay Banga, Executive Chairman of Mastercard, emphasized the importance of innovation in security: “In a digital world, security is not optional; it’s essential. We’re constantly innovating to stay ahead of emerging threats and protect our customers.”

Mastercard’s multi-layered security approach includes biometric authentication, artificial intelligence (AI) for fraud detection, and tokenization. By replacing card details with unique tokens, Mastercard ensures that even if data is intercepted, it cannot be used fraudulently.

NEWS PAYMENT TECHNOLOGY

The Role of Artificial Intelligence

AI is playing an increasingly significant role in the payments industry. From fraud detection to personalized customer experiences, AI-driven solutions are enhancing the efficiency and security of payment processes.

PayPal: Harnessing the Power of AI

PayPal, a pioneer in online payments, leverages AI to improve its services. Dan Schulman, CEO of PayPal, highlighted the impact of AI on the company’s operations: “AI is transforming the way we detect and prevent fraud. Our advanced algorithms analyze vast amounts of data in realtime, enabling us to identify suspicious activities and protect our customers.”

PayPal’s AI-driven approach not only enhances security but also optimizes the user experience. By analyzing transaction patterns, PayPal can offer personalized recommendations and streamline the payment process for its users.

The Future of Payments Technology

The future of payments technology promises to be exciting, with innovations continuing to reshape the industry. Several trends are expected to influence the trajectory of payments in the coming years.

Biometric Payments

Biometric authentication, such as fingerprint and facial recognition, is poised to become a mainstream method of payment verification. This technology offers a higher level of security compared to traditional methods and enhances the user experience by simplifying the authentication process.

Central Bank Digital Currencies (CBDCs)

Central banks worldwide are exploring the concept of digital currencies. CBDCs are digital versions of traditional fiat currencies, issued and regulated by central banks. These digital currencies have the potential to streamline monetary policy implementation, reduce transaction costs, and enhance financial inclusion.

The Internet of Things (IoT)

The proliferation of IoT devices is expected to drive the adoption of connected payment solutions. Smart appliances, wearables, and even vehicles could facilitate seamless transactions, making payments an integral part of everyday activities.

Challenges and Opportunities

While the future of payments technology is promising, it also presents several challenges and opportunities.

Regulatory Compliance

As payments technology evolves, regulatory frameworks must adapt to ensure consumer protection and financial stability. Companies in the payments sector must navigate complex regulatory environments and work closely with authorities to maintain compliance.

Inclusivity

Ensuring that advanced payment technologies are accessible to all segments of society is crucial. Efforts must be made to bridge the digital divide and provide financial services to underserved populations.

Industry Leaders’ Perspectives

To gain deeper insights into the future of payments technology, we reached out to industry leaders for their perspectives.

Jack Dorsey, CEO of Square

Jack Dorsey, CEO of Square, emphasized the importance of democratizing access to financial services: “Our mission at Square is to empower businesses and individuals with accessible, user-friendly financial tools. We believe that technology can level the playing field and create opportunities for everyone.”

Square’s innovative solutions, such as Square Reader and Cash App, have made it easier for small businesses and individuals to accept payments and manage their finances.

NEWS PAYMENT TECHNOLOGY

Kristina Campbell, CFO of Ripple

Kristina Campbell, CFO of Ripple, highlighted the potential of blockchain technology to drive financial inclusion: “Blockchain has the potential to transform the global financial system, making it more inclusive and efficient. By reducing the cost and complexity of cross-border payments, we can provide financial services to underserved communities worldwide.”

Ripple’s commitment to financial inclusion is reflected in its efforts to collaborate with financial institutions and governments to develop blockchainbased solutions.

The payments technology landscape is undergoing a profound transformation, driven by advancements in contactless payments, mobile wallets, blockchain, and AI. Companies like Visa, Apple, Ripple, and PayPal are at the forefront of this revolution, shaping the future of financial transactions. While challenges remain, the opportunities for innovation and inclusivity are vast.

As we look ahead, the integration of biometric authentication, CBDCs, and IoT devices promises to further revolutionize the way we conduct transactions. The key to success in this evolving landscape will be the ability to balance innovation with security, ensuring that digital payments are not only convenient but also safe for all users.

In the words of Al Kelly, CEO of Visa, “The future of payments is digital, and the possibilities are endless. By embracing technology and staying committed to security and inclusivity, we can create a financial ecosystem that benefits everyone.”

LEADING THE WAY: A SPOTLIGHT ON THE WORLD’S

TOP 10 CSOs

In an era where sustainability is not just a buzzword but a fundamental component of corporate strategy, the role of Chief Sustainability Officers (CSOs) has never been more critical. These leaders are at the helm of driving environmental, social, and governance (ESG) initiatives, ensuring that their organizations not only comply with regulatory requirements but also set industry benchmarks for sustainable practices. The following profiles highlight ten influential CSOs from some of the world’s largest and most impactful companies. These individuals are spearheading efforts to reduce carbon footprints, promote renewable energy, and foster inclusive and equitable business environments, shaping a sustainable future for all.

LISA JACKSON

CSO

Apple Inc.

Lisa Jackson, a former Administrator of the US Environmental Protection Agency, has been leading Apple’s environmental initiatives since 2013. She oversees efforts to minimize Apple’s carbon footprint, expand renewable energy projects, and manage resource conservation. Jackson is also involved in Apple’s $100 million Racial Equity and Justice Initiative, focusing on education, economic opportunity, and criminal justice reform. Her leadership has been instrumental in Apple’s commitment to becoming carbon neutral across its entire supply chain and product life cycle by 2030

REBECCA MARMOT

CSO

Unilever

Rebecca Marmot has been with Unilever since 2007 and became the Chief Sustainability Officer in 2019. She is responsible for driving the company’s Sustainable Living Plan, which includes ambitious targets for reducing environmental impact and increasing social impact. Marmot played a significant role in Unilever’s participation in the 2015 Paris Agreement and the establishment of the UN’s Sustainable Development Goals. Her approach emphasizes transparency, stakeholder engagement, and partnerships to achieve sustainability targets

OLIVIER BLUM

CSO

Schneider Electric

Olivier Blum has been with Schneider Electric for over 28 years and currently serves as the Chief Strategy & Sustainability Officer. He has integrated sustainability into the core of Schneider Electric’s business strategy, focusing on access to clean energy and digital solutions. Under his leadership, the company has made significant strides in becoming a leader in sustainability, with commitments to carbon neutrality and advancing sustainable energy technologies

KATE BRANDT

CSO

Google LLC

Kate Brandt, Google’s Chief Sustainability Officer, leads the company’s sustainability initiatives globally. She is a strong advocate for the circular economy and works to integrate sustainable practices across Google’s operations, products, and supply chains. Brandt previously served as the Federal Environmental Executive under President Obama, where she focused on sustainability efforts across federal agencies. At Google, she has been pivotal in advancing the company’s sustainability agenda, including achieving carbon neutrality and powering operations with renewable energy

JUDITH WIESE

CSO

Siemens

Judith Wiese is the Chief People and Sustainability Officer at Siemens. She focuses on fostering an inclusive and empowering culture within the company while driving sustainability initiatives. Wiese believes in the business benefits of sustainability and works to align Siemens’ sustainability goals with the UN’s Sustainable Development Goals. Her background in human resources and business administration supports her holistic approach to integrating sustainability into the company’s operations.

VELISLAVA IVANOVA

CSO

EY (Ernst & Young)

Velislava Ivanova is the Chief Sustainability Officer for EY Americas. With over 25 years of experience, she leads EY’s efforts to support clients in transitioning to low-carbon and circular economies. Ivanova’s work spans various sectors, including energy, manufacturing, and consumer goods. She is known for her inclusive approach and innovative ESG solutions, helping businesses address industry-specific sustainability challenges and stakeholder needs

VIRGINIE HELIAS

CSO

Procter & Gamble

Virginie Helias has been with Procter & Gamble for over three decades and currently serves as the Chief Sustainability Officer. She created and holds this position, driving sustainability into the heart of P&G’s business strategy. Helias focuses on integrating sustainable practices into innovation and brand-building efforts. Her leadership has led to significant advancements in P&G’s environmental initiatives, including reducing packaging waste and enhancing product sustainability

CHARLOTTE WOLFF-BYE

CSO

PETRONAS

Charlotte Wolff-Bye serves as the Chief Sustainability Officer at PETRONAS, where she oversees efforts to reduce carbon emissions and modernize fuel solutions. With a background that includes roles at Arcelor Mittal and the United Nations Environment Programme, WolffBye brings extensive experience in sustainability leadership. Her role at PETRONAS involves steering the company towards more sustainable and lowercarbon energy solutions, positioning it for a greener future

LUCAS JOPPA

CSO

Microsoft

Dr. Lucas Joppa is the Chief Sustainability Officer at Microsoft. He is recognized for his expertise in environmental science and has been a global voice for sustainability in the tech industry. Joppa leads Microsoft’s ambitious goals to become carbon negative by 2030 and achieve zero waste. He also works on developing technologies and systems to better monitor and manage Earth’s natural systems, aiming to inspire other companies to follow Microsoft’s lead in environmental stewardship

NATE HURST

CSO

BlackRock

Nate Hurst is the Chief Sustainability and Social Impact Officer at BlackRock, the world’s largest asset manager. He integrates sustainability goals into BlackRock’s operations and oversees the social impact team and the BlackRock Foundation. Hurst has a background in sustainability leadership roles at Walmart, HP, and Wells Fargo. His approach combines philanthropy with business strategies to improve reputation, drive purpose-driven value, and ensure inclusivity and environmental stewardship

PURPOSEFUL MINING FOR THE BETTERMENT OF SOUTH AFRICA, AND BEYOND

South Africa’s mining sector has an outsize impact on its economy. It employs around half-a million people extending to manufacturing, infrastructure, export revenue, and energy generation. The country’s coal industry contributes about 3.5% of the world’s coal resources, around 72% of South Africa’s primary energy supply and 90% of the country’s electricity. Today, the coal industry is a more important contributor to South Africa’s economy than gold.

Exxaro Resources Limited (Exxaro) is one of the largest mining companies in South Africa. The diversified mining and energy solutions company has an asset portfolio that includes coal operations, as well as investments in iron ore, wind, and solar energy.

Listed on the Johannesburg Stock Exchange (JSE) Top 40 Index and the Socially Responsible Investment Index, Exxaro has a $3.48 billion (R64.28 billion) market capitalisation and is one of the top five producers of coal in South Africa. In the last decade and a half, Exxaro has established itself as an organisation that is respected by its peers for its innovation and commitment to people development.

The organisation achieved this by acknowledging that it exists in a greater context, in line with its purpose to powering possibility in Africa and beyond.

EXXARO PROJECT DIRECTED BY: JAMIE

WAITE

WRITTEN BY: LAURA GREEN

Supporting a Sustainable South Africa and Africa

“We are on a journey to support a sustainable South Africa and Africa through an unwavering focus on powering better lives,” explains Rivoningo Mnisi, Chief Strategy Officer at Exxaro.

“Our people and communities inspire every decision we make and every action we take. We achieve this by responsibly investing in resources powering a cleaner world,” he continued.

As part of its Sustainable Growth and Impact strategy, Exxaro is committed to becoming carbon neutral by 2050. The organisation is changing the way it does business and has embarked on a programme of reducing the life of mine of core assets by pursuing the highest quality product within its mining areas, thereby reducing net emissions.

It has commenced the transition of its product portfolio by disposing of non-core coal assets, leveraging its balance sheet and capabilities to grow the diversity of its mining operations. Exxaro is also targeting minerals that will be critical in supporting South Africa’s low-carbon future and is developing employees and the communities in which it operates to ensure they are a part of the transition journey.

Rivoningo says, "We are currently looking into opportunities for merger and acquisition within manganese, copper, bauxite, and other minerals critical to the low-carbon economy. We are also implementing measures to achieve our short-term decarbonization target of reducing emissions by 40% by 2026.

This includes decreasing fossil fuel usage, optimizing fleet efficiency, and consistently seeking to lower energy consumption across our operations."

Exxaro was a proactive early implementer of transitioning to a low-carbon future, starting as early as 2009. Cennergi is a standalone energy business that now supplies 229MW of clean energy to South Africa’s national grid and has begun construction of further solar PV projects to supply Exxaro’s operations directly.

“Cennergi has grown to be one of the largest energy companies in South Africa, developing some of the most innovative and largest private off-take energy projects on the continent. What began as a novel idea to explore renewables, has grown to be something significant that can effect change in South Africa and the broader global community”, adds Rivoningo.

Diversifying its sustainable offering, Exxaro is also committed to using water as efficiently as possible. At its Grootegeluk Mine in South Africa’s Limpopo province, the business has constructed cyclic ponds that reclaim all water and material from the mine’s fines complex. In addition, its Matla Coal Mine in Mpumalanga province uses desalination technology to convert water from its underground mine into drinking water. In doing so, Matla has released over three million kilolitres of safe water into the Olifants catchment.

“At the core of our business is our vision to empower people within South Africa and beyond, enabling us to support a sustainable country and continent,” shared Rivoningo.

Underground

Underground

Ventilation

Technical

The Mining Company Going Beyond Words

From its very name, 100% black-owned contract mining services business, Ritluka, is focussed on sustainable and responsible mining.

Based in South Africa, Ritluka means “leaf” in the language of Xitsong, emphasising the firm’s commitment to sustainability, collaborating with its clients to meet ESG targets.

“For us, Ritluka is a sign of life, growth, and new hope,” explained Ritluka’s Managing Director and co-founder, Rhandzu Ngobeni, “we work closely with our clients to ensure they are not only compliant to regulation, but also are mining responsibly across their business,”.

Founded in 2015, the business began by offering small scale technical services to mining companies.

Rhandzu explained how Ritluka received its “big break” from Exxaro three years later, where it was given the opportunity to mine and produce coal using its mechanised coal mining method.

Since then, it has partnered with Exxaro on a variety of projects, including a major open-cast mining project, which Rhandzu said “opened doors, and enabled us to compete with major players in the industry”.

Further to this, Ritluka unlocked 10 million tonnes of coal for Exxaro at Marla Mine, in turn extending the life of mine, by providing specialised underground tunnelling services .

“Exxaro have supported us since the beginning, and enabled us to make many achievements,” shared Rhandzu, “they have truly walked the road with us, offering the business assistance and upskilling opportunities where required”.

Going full circle, Ritluka is offering opportunities to up-and-coming entrepreneurs in the mining sector with apprenticeships and incubation opportunities. As well as up-skilling the local people in the regions it works, it has also made a commitment to utilise the local supply chain.

“As much as we can, we purchase consumables, ancillaries, additional labour, and so forth, from the local supply chain, supporting the region's economy,” explained Rhandzu.

As it approaches its 10 year anniversary, Rhandzu and his team now have their sights set on growing from a contract mining service provider, to a mine owner and operator.

“We are looking at both green and brownfield opportunities, exploring the opportunity of partnerships and acquisitions,” said Rhandzu.

Positioning Exxaro for a Secure Future

For the last seven, before being appointed Chief Strategy Officer (CSO) in August 2023, Rivoningo, has been supporting Exxaro in its strategic development as Manager of Business Optimisation and Manager, Mining prior to that.

With more than 15 years of experience in the mining industry and 5 years in the manufacturing industry, Rivoningo has accrued many achievements, including Accenture’s Rising Star in Mining & Minerals (2020) and 17th Annual National Business Awards Winner - Innovation (2019).

Having achieved a degree in Industrial Engineering from the University of Johannesburg followed by an MBA from the GIBS Business School, both in South Africa, he values continued learning and collaboration as the keys to success.

Rivoningo Mnisi's exceptional calibre in his field has earned him recognition on multiple international platforms, where he is sought after to engage as a subject matter expert. A prime example of this is Mnisi's recent participation at the World Economic Forum's "Industrial Strategy Meeting" held in New York from May 6-8, 2024. This exclusive conference provided a platform for only 250 Chief Strategy Officers from around the world to convene and engage on critical corporate strategy matters. This latest achievement underscores Rivoningo's reach and influence within his professional domain.

"Leveraging my skills and experience, I collaborate with key stakeholders to develop impactful strategies for the business. This includes our people development and diversification strategies in the pursuit of continuous improvement.” shared Rivoningo. With plans for a sustainable, decarbonised future at its core, Exxaro also recognises the value of digital transformation to support this transition.

“We continue to build Exxaro into a sustainable and impactful business that catalyses economic growth, environmental stewardship, and positive change within South African and aspires to do the same across the continent and beyond.”

Rivoningo Mnisi Chief Strategy Officer

Exxaro Resources

Catalysing Growth in South Africa

Supporting Exxaro in its pursuit of energy security in South Africa is its partner Modi Mining.

“Exxaro is a great client to serve. Where some businesses would consider us a contractor, Exxaro treats Modi Mining as a partner, in words and in action,” said Modi Mining Founder and Managing Director, Sam Molefi.

Launched in 2011, Modi Mining supports operators in underground and open cast mining sectors, through its safe and cost-effective mining services, whilst assisting clients in meeting their ESG commitments.

Establishing its relationship with Exxaro in 2022, Modi Mining has since supported the firm in two key projects in South Africa. The first providing Stockyard Management and Material Handling at Matla Coal Mine, and most recently coal mining at Exxaro’s Belfast Coal Mine.

“Working on these projects with Exxaro has had great benefits for our business. Not only has it helped to put Modi Mining’s name on the map, but it has also contributed in improving our economic position, as well as securing sustainable job opportunities for our host communities” said Sam.

Whilst Exxaro has provided up-and-coming mining companies with industry opportunities, Modi Mining is determined to continue the trend within South

Africa, by providing mentorship and development opportunities to junior entrepreneurs. This has been through inclusive procurement process by sourcing goods from local suppliers, especially youth and women owned businesses.

“We have been able to give opportunities to upand-coming businesses to work with us on Exxaro projects, where we have supervised, guided, and managed them, to ensure our client’s high safety standards and production requirements are met,” explained Sam.

Working further with the communities in which it operates, Modi Mining has implemented several social initiatives to support young people in the fields of education, health and wellness.

Modi Mining’s partnership with Techno Girls Foundation is aimed at introducing young female learners to STEM.

“As Modi Mining, we afford these leaners exposure to mining careers, as well as supporting the student exchange programs,” highlighted Sam.

With 13 years in business, Modi Mining is continuing to work hard to establish a long-term sustainable business by targeting an addition of one new project per annum to its business, through careful selection of clients that meet its risk metrics.

Sam Molefi Modi Mining (Pty)

Ltd

THE POWERFUL IMPACT OF AGRICULTURAL INNOVATION IN THE MIDDLE EAST

Whilst the business has a global presence, the core business of dsm-firmenich in the Middle East is taking stridesin developing innovative solutions that not only improve the health and well-being of animals, but also people and the planet.

“In the animal nutrition and health division, we focus on providing advanced feed solutions that enhance animal performance, ensure food safety, and promote sustainability,” shared Nilgün Demir, Operating Unit Director (Turkey, Middle East, Africa, and Pakistan).

“Our commitment to research and development, combined with our deep understanding of local markets, enables us to address the specific needs of our customers and drive progress in the agricultural sector,” she continued.

Strategically partnered with ARASCO, dsm-firmenich is a global leader in health, nutrition, and biosciences.

DSMFIRMENICH

PROJECT

DIRECTED BY: JAMIE WAITE

ARTICLE WRITTEN BY: LAURA WATLING

Where Others See Challenges, dsm firmenich Sees Possibilities

Whilst there are many pillars to dsmfirmenich’s ambitious growth strategy, including building on its cornerstones of innovation and sustainability, the business will be strengthening its local partnerships.

“Our partnership with Arasco in Saudi Arabia exemplifies this approach. By working closely with regional leaders, we combine local insights with our global expertise to develop solutions that are well-suited to the Middle Eastern context,” explained Nilgün. “These partnerships enable us to scale our operations, reach new markets, and address regional challenges more effectively”.

And when it comes to food security, the Middle East is not short of challenges.

In a study released by the Middle East Council on Global Affairs in February 2023, it was highlighted that “ Structural issues, such as unsustainable agricultural practices and lack of rural development, along with the intensifying effects of climate change are heightening the state of food insecurity,” and that the “MENA should focus on increasing its domestic food production capacities and using its resources efficiently. This will require further investment in agricultural research and technology that can address existing challenges”.

Through its innovations in the sector, dsm-firmenich is helping to enhance food security in the Middle East by improving animal health and productivity.

Its efforts ensure a stable supply of highquality animal products, crucial for the growing population in the region.

“Additionally, our commitment to food safety ensures that the animal products are safe for consumption, protecting public health,” added Nilgün.

Further to the region's focus on food security, dsm-firmenich is also playing a pivotal role in supporting the Middle East

in its continued economic diversification plans and ambition to reduce its dependence on the energy sector.

“dsm-firmenich’s contributions to the Middle East extend beyond improving animal nutrition and health. Our efforts support the region’s economic diversification by promoting sustainable agricultural practices, fostering innovation, creating employment opportunities, and enhancing food security. These initiatives collectively help build a more resilient and diversified economy for the future,” shared Nilgün.

One such initiative to contribute to this development is dsm-firmenich’s dedication to supporting SMEs.

Working closely with local farmers and businesses, the firm helps to strengthen SMEs in the agricultural sector by enabling them to adopt modern practices and improve their productivity, which, Nilgün added:

“is essential for economic diversification. Thriving SMEs contribute to a more dynamic and resilient economy,”.

Additionally, through partnerships and collaborations, such as with Arasco in Saudi Arabia, dsm-firmenich is able to facilitate the transfer of knowledge and technology, enhancing local capabilities and encouraging innovation within the regional agricultural sector.

Encouraging Sector Growth Through Innovation

Forged out of a merger between dsm, a mining firm which transformed into a science-based business, and firmenich, a family business renowned for its expertise in creating fragrances and flavours, dsmfirmenich has become synonymous with innovation.

Dedicated to meeting the specific needs of the countries in which it operates, dsm-firmenich invests in research and development to create cutting-edge solutions tailored to the region’s needs.

In the Middle East, dsm-firmenich has undertaken several impactful projects, including the development of SymphiomeTM which supports the improvement of gut health in livestock.

SymphiomeTM leverages advanced microbiome science to enhance the gut flora of animals, leading to better nutrient absorption, improved immunity, and overall health.

In the Middle East, where livestock often face stress due to extreme environmental conditions, SymphiomeTM has proven to be highly effective in maintaining animal health and productivity.

In addition, dsm-firmenich has developed another breakthrough product, BalanciusTM. The feed additive works by breaking down bacterial cell debris in the gut, allowing for better nutrient absorption and utilisation. As a result, animals exhibit improved growth rates and feed conversion ratios.

“In the Middle East, BalanciusTM has been particularly beneficial in optimisng feed use, thereby reducing costs and environmental impact,” explained Nilgün.

Alongside its feed based innovations (which also includes Mycofix® for mycotoxin management), the business has developed digital tools to support farmers.

VeraxTM uses machine learning to predict health problems in poultry flocks. By analysing data from various sources, VeraxTM can identify patterns and early warning signs of potential health issues, allowing farmers to take proactive measures to prevent disease outbreaks. This predictive health management tool is particularly valuable in the Middle East, where early intervention can significantly enhance flock health and productivity.

Meanwhile, dsm-firmenich’s innovations are helping to contribute to better human health outcomes by addressing common nutritional deficiencies in the region. Significant innovations in this area include

the development of Omega-3 enriched feed for livestock. This feed not only improves the health of the animals but also enhances the nutritional quality of animal-derived products such as meat, milk, and eggs.

“By increasing the levels of omega-3 fatty acids in these products, we contribute to better human health outcomes, addressing common nutritional deficiencies in the region,” added Nilgün.

Through these projects and innovations, dsm is making a significant impact on health and nutrition in the Middle East.

Alongside innovations driven to impact health, the business is also committed to using innovation to positively impact the environmental footprint of animal farming.

As such, dsm-firmenich offers innovative feed solutions that enhance feed efficiency and lower greenhouse gas emissions.

“Our feed additives like Bovaer® are designed to reduce methane emissions from ruminants by up to 30%, significantly cutting the carbon footprint of livestock production,” shared Nilgün, “Meanwhile, our global sustainability service, SustellTM, allows farmers to measure their actual environmental footprint, identify the best possibilities to improve, and provide advice and practical solutions for implementation”.

Its commitment to research and development, coupled with strategic partnerships, educational initiatives, and sustainability, ensures that dsm-firmenich continues to deliver solutions that benefit animals, people, and the planet.

www.dsm-firmenich.com

In the rapidly evolving economic landscape of the Middle East and UAE, ARASCO (Arabian Agricultural Services Company) has emerged as a pivotal player in driving agricultural innovation, food security, and economic growth. With a robust portfolio that spans animal nutrition, food production, and agri-business solutions, ARASCO's contributions have significantly shaped the region's agricultural sector. The company's commitment to sustainability, innovation, and community development underpins its impact, fostering a more resilient and prosperous future for the Middle East.

Driving Agricultural Innovation

ARASCO has been at the forefront of agricultural innovation in the Middle East, addressing the unique challenges posed by the region's arid climate and limited water resources. By leveraging advanced technologies and sustainable practices, ARASCO has pioneered solutions that enhance productivity and efficiency in agriculture.

"Our focus has always been on innovation and sustainability," says Mr. Ziyad A. AlSheikh, CEO of ARASCO. "We believe that by integrating cutting-edge technologies and sustainable practices, we can create a more resilient agricultural sector that not only meets the region's food demands but also preserves our natural resources for future generations."

ARASCO

PROJECT DIRECTED BY:

JAMIE WAITE

ARTICLE WRITTEN BY: LAURA

WATLING

THE POSITIVE IMPACT OF ARASCO IN THE MIDDLE EAST AND UAE

OIL & GAS ARASCO

One of the key innovations introduced by ARASCO is its precision farming techniques. By utilizing satellite imagery, IoT sensors, and data analytics, the company has optimized irrigation and fertilization processes, reducing water and fertilizer usage while maximizing crop yields. These technologies have been particularly transformative for local farmers, enabling them to achieve higher productivity and profitability.

Enhancing Food Security

Food security remains a critical issue in the Middle East, where reliance on food imports exposes the region to global market fluctuations. ARASCO's integrated food production approach has been instrumental in mitigating these risks and ensuring a stable food supply.

"We are committed to enhancing food security in the region," Mr. Al-Sheikh emphasizes. "Our integrated approach, which includes local production of animal feed, poultry, and other essential food products, helps reduce dependence on imports and builds a more self-sufficient food system."

ARASCO's investment in local production facilities, such as its state-of-the-art feed mills and poultry farms, has significantly boosted the region's capacity to produce high-quality, nutritious food. These facilities not only meet local demand but also contribute to export markets, further strengthening the region's food security and economic stability.

Promoting Sustainability

Sustainability is a core value for ARASCO, guiding its operations and strategic initiatives. The company has implemented numerous projects aimed at reducing its environmental footprint and promoting sustainable agricultural practices.

"At ARASCO, sustainability is not just a buzzword; it's a fundamental principle that drives our decisions and actions," Mr. Al-Sheikh states. "From reducing water

usage to minimizing waste and emissions, we are committed to creating a more sustainable future for our industry and our communities."

One notable initiative is ARASCO's focus on water conservation. In a region where water scarcity is a pressing concern, the company's efforts to implement water-efficient practices have been transformative. By adopting advanced irrigation systems and recycling wastewater, ARASCO has significantly reduced its water consumption, setting a benchmark for the industry.

Additionally, ARASCO's commitment to renewable energy has led to the integration of solar power in its operations. This transition not only reduces the company's carbon footprint but also provides a sustainable and cost-effective energy solution.

Fostering Economic Growth

ARASCO's contributions extend beyond agriculture, playing a vital role in the broader economic development of the Middle East and UAE. The company's investments in infrastructure, technology, and human capital have created a ripple effect, driving growth across multiple sectors.

"Our investments are designed to have a broad impact," Mr. Al-Sheikh explains. "By developing local infrastructure, supporting technological advancements, and investing in our people, we are contributing to the overall economic development of the region."

ARASCO's infrastructure projects, such as the construction of modern feed mills and processing plants, have created numerous job opportunities and stimulated local economies. Furthermore, the company's emphasis on technology and innovation has spurred the development of ancillary industries, such as agri-tech startups and research institutions.

Community Development and Social Responsibility

Beyond its economic and environmental contributions, ARASCO is deeply committed to social responsibility and community development. The company's corporate social responsibility (CSR) initiatives are designed to enhance the well-being of local communities and support their long-term development.

"We believe in giving back to the communities where we operate," Mr. Al-Sheikh affirms. "Our CSR initiatives focus on education, health, and social development, ensuring that our growth translates into tangible benefits for society."

ARASCO's educational programs, which include scholarships, training, and capacity-building initiatives, have empowered countless individuals with the skills and knowledge needed to succeed in the agricultural sector. Additionally, the company's health and nutrition programs have improved the quality of life for many, particularly in rural areas.

One notable example is ARASCO's partnership with local schools to promote agricultural education. By providing resources and expertise, the company is inspiring the next generation of agricultural professionals and fostering a culture of innovation and sustainability.

Strategic Partnerships and Future Prospects

Strategic partnerships are integral to ARASCO's success and impact in the Middle East and UAE. The company collaborates with government agencies, research institutions, and industry leaders to drive collective progress and address regional challenges.

"Our partnerships are essential to our mission," Mr. Al-Sheikh notes. "By working together with various stakeholders, we can achieve greater impact and create lasting solutions for the region's agricultural and food security challenges."

Looking ahead, ARASCO's vision for the future is centered on continued innovation, sustainability, and community engagement. The company plans to expand its operations, invest in new technologies, and deepen its commitment to social responsibility.

"We are excited about the future and the opportunities it holds," Mr. Al-Sheikh concludes. "With our unwavering commitment to innovation, sustainability, and community development, ARASCO is poised to make an even greater impact in the Middle East and UAE."

ARASCO's positive impact on the Middle East and UAE is a testament to its visionary leadership, innovative spirit, and deep-rooted commitment to sustainability and social responsibility. As the region continues to navigate the complexities of economic diversification and food security, ARASCO's contributions will remain pivotal in shaping a resilient and prosperous future. Through its strategic initiatives and collaborative approach, ARASCO is not only transforming the agricultural sector but also driving holistic development that benefits the entire region.

www.arasco.com

Partnering with the likes of GE Grid Solutions, AEC Energy solutions, DesSoft - Design Software, Siemens, Schneider Electric, and Watericon LTD, in the last five years the engineering services business has completed 502 successful projects.

Included in these projects is its work for Kamoa Copper, in which it has provided a variety of valuable services including supply and installation of lightning system protection, earthing of electrical circuits, maintenance service of generators, and oil purification of HV transformers.

Established in 2019, Degrita Holding is on a mission to become the leading provider of the highest quality engineering solutions in Democratic Republic of the Congo (DRC).

DRIVEN

In addition, it has provided a variety of sustainable solutions to Kamoa Copper, including supply and installation of solar electric power systems, commissioning of chlorine dioxide drinking water disinfection, maintenance of sewage treatment systems, and analysis of dissolved gas of transformers.

Full Spectrum Service Provider

Amongst its capabilities, Degrita Holding’s skilled and experienced team can provide maintenance of industrial equipment, installation of CCTV cameras, supply chain management, and consultancy services.

Considered an industrial engineering partner, its partnerships are often aimed at improving operational efficiency, innovating product or process design, and staying competitive in the marketplace.

Setting itself apart f rom competitors, Degrita Holding ensures that it is always up to date with the latest technological advances in engineering, helping to improve its efficiency, quality, and competitiveness

In addition, it emphasises customer service, ensuring to always listen to its customers’ specific needs and tailoring its solutions accordingly. A valuable service, Degrita Holding implements robust project management processes to ensure on-time, on-budget delivery.

“We understand that a customer-centric approach can foster loyalty and referrals,” the business said.

Underpinning its projects is Degrita Holding’s strong, values-based culture which “focuses less on what we do, and more on how we do it”.

Shared Success

The business’ culture strives for “Shared Success”. This is achieved by developing high performing teams that are aligned to Degrita Holding’s vision and values.

“Shared success is dependent upon strong professional relationships and having genuine conversations,” said the business, “We know that if we succeed, then all our valued clients, partners, and

Charles D. Kabulo, Degrita Holdings CEO

ENGINEERING DEGRITA HOLDINGS

DEGRITA HOLDING

HYHYHYH

shareholders also succeed. This integrated approach begins with our people and the belief that together we can develop trusting relationships with all stakeholders to achieve long-term mutual goals”.

Degrita Holding’s has made significant investment into employee safety to achieve its goal of reducing lost time to injuries, which has been achieved successfully and consistently.

In addition, the business has been awarded ISO 9001 Quality Management Systems, ISO 45001 HSE Management Systems, ISO 31000 Risk Management, and ISO 14001 Environmental Management.

Further highlighting its commitment to its team, Degrita Holding’s is committed to the ongoing professional development of its colleagues.

“Engineering is constantly evolving, and well-trained teams are essential to remain competitive, so we’re always committed to providing development,” it said.

In turn, its customers are always receiving the most up-to-date engineering solutions.

www.degritaholding.com

FUELLING SUCCESS THROUGH COLLABORATION

With businesses spanning agriculture, lubricants, commercial, and petroleum, Alkhorayef Group is a family business with 67 years in industry.

Headquartered in Dammam, Saudi Arabia, and with operations across three continents (Middle East, Africa, and Latin America), the Group’s oil and gas operation, Alkhorayef Petroleum provides an integrated approach to its services in research and development, engineering, manufacturing and field servicing of its artificial lift products and services.

Core to Alkhorayef Petroleum’s operations is the design, engineering, and manufacturing of its electrical submersible pump (ESP) solutions, the only business to do so in the Middle East.

“We pride ourselves on having developed the best technology in the industry. Our ESP solutions are known for their quality and reliability,” explained President of Alkhorayef Petroleum, Mohammed Doghmi, “our clients trust our products, and we’re confident they are the best on the market”.

ALKHORAYEF PETROLEUM

PROJECT

DIRECTED BY: ADEL MHIRI

ARTICLE

WRITTEN BY: LAURA WATLING

President of Alkhorayef Petroleum, Mohammed Doghmi

ALKHORAYEF PETROLEUM

With more than 43 years of experience in the industry, Alkhorayef Petroleum has been able to develop its technology over time, learning from mistakes and collaborating with clients and other industry experts along the way.

“As we’re a lean business compared to some of our competitors, we’re able to fast-track technology innovation in a unique way. We’re more agile than our competitors and able to take more risks,” Mohammed added.

In addition to its ESP solutions, Alkhorayef Petroleum offers production facilities to facilitate design, engineering, build, operation, and maintenance services for the oil and gas and water sectors.

“Our production facilities enable our clients to capitalise on our expertise and innovation during the treatment, separation, processing, and transfer of produced fluids. This allows them to realise greater efficiencies and significant cost savings,” shared Mohammed. Alkhorayef Petroleum’s production

facilities have been operational for 20 years, in which time the business has collaborated with tech providers on over a dozen projects, ranging from $15 million to $500 million.

Most recently, Alkhorayef Petroleum added wireline services to its portfolio, offering high-tech services to the oil and gas industry, including Advanced Horizontal Production Logging (H-PLT) with the Multiple Array Production Suite (MAPS).

Recognition from the Kingdom

Recognised as the leading artificial lift systems manufacturer and services provider in the GCC countries, Africa and Latin America by Saudi Arabia’s Public Investment Fund, it was announced in November 2023 that Alkhorayef Petroleum will be the recipient of PIF’s investment - a transaction which is now concluded.

As part of the primary capital investment, PIF will become a shareholder with 25%

ownership of the business by way of a capital increase and subscription to new shares, whilst Alkhorayef Petroleum will benefit from PIF’s investment by supporting its growth strategy in local and international markets.

This investment demonstrates PIF’s broader efforts to develop Saudi Arabia’s equipment and service landscape as part of the country’s Vision 2030.

From Alkhorayef Petroleum’s perspective this gives the business a fantastic opportunity to accelerate its existing initiatives to expand.

The initiatives include strengthening Alkhorayef Petroleum’s ESP business whilst adding additional technology to its services in MENA. It will also look to expand geographically, adding to its 11 locations, with its sights set on North America and critical countries in South America and central Europe.

“The investment also gives us an interesting opportunity to diversify our business into the mining sector in line with Saudi Arabia’s Vision 2030,” explained Mohammed, “we are currently expanding our expertise in logging for mining,” he added.

ALKHORAYEF PETROLEUM

Business Growth Through Sustainable Initiatives

Alkhorayef Petroleum will also use PIF’s investment to bolster its research and development into ESG.

The OEM has developed a couple of projects intended to reduce the gas flaring and CO2 emissions.

“We have two ongoing projects where we

have been able to eliminate the flaring of over 40 million cubic feet of gas per day,” shared Mohammed, “as well as this, we are developing the technology in our ESP products to support our client’s CO2 reduction”.

Alkhorayef Petroleum is one of only a few companies to develop and implement permanent magnet motors within its products. This helps to significantly reduce energy use by 10-15%.

ALKHORAYEF PETROLEUM

“We are both proud and honoured to have received investment from PIF,” commented Mohammed.

With the PIF transaction concluded and initiative in motion, Alkhorayef Petroleum now has its sights set on floating an IPO in Saudi Arabia, another significant milestone for the business.

Bolstering the Kingdom’s Vision 2030

With a double digit growth predicted for the business, Mohammed described the next 12-18 months as “promising”.

“There is significant demand for our products and technology, which further supports our plans for expansion,” he said.

In the near term, Alkhorayef Petroleum will also focus on localisation - both of its manufacturing and supply chain and talent acquisition.

“In line with Saudi Arabia’s Vision 2030, we are committed to bringing more of our manufacturing expertise and supply chain in-country, as well as supporting local talent development,” explained Mohammed.

www.alkhorayefpetroleum.com

MORE THAN A FINANCIAL INSTITUTE:

HOW HDB ARE SUPPORTING THE ECONOMIC FUTURE OF GREECE

In May 2024, the European Commission released its latest economic forecast for Greece.

“Following a reduced, but still solid economic performance in 2023, GDP growth is expected to pick up slightly in 2024 and 2025, supported by export, investments, and private consumption,” it said.

In addition, the forecast highlighted an expected GDP growth of 2.2% in 2024, with economic growth projected at 2.3% in 2025.

“Investment is expected to gain further momentum, and become a key contributor to output growth,” it continued.

Supporting the economic growth in Greece is the Hellenic Development Bank (HDB), the mission of which is to support micro, small and medium enterprises (MSMEs) by facilitating access to funding sources, whilst assisting in risk management.

HELLENIC DEVELOPMENT BANK

PROJECT

DIRECTED BY: LISA MAXWELL

WRITTEN BY: LAURA GREEN

HELLENIC DEVELOPMENT

A relatively young institute formed in 2019 (but with a financial history dating back to 2003), HDB has since facilitated 120,000 loans totalling over sixteen billion euros.

“We are more than just a bank,” shared Nikolaos Maroulas, Director of Risk Management at HDB, “Our business model is multi-faceted, covering a range of functions aimed at fostering economic growth - from the design and management of portfolio funds to the development of loan and guarantee schemes”.

Putting entrepreneurs at its heart, HDB is dedicated to finding creative ways to support MSMEs at every stage of their journey.

“Every touch point of our business is dedicated to championing entrepreneur’s dreams, fueling economic growth, and nurturing development,” he continued.

Innovating Solutions to Reduce Risk

HDB has launched several innovative initiatives, including its Know Your Customer (KYC) platform to ensure financial risk is managed, whilst also enhancing the efficiency of its service to customers.

The KYC project implemented by HDB serves as a critical component of the risk management efforts of the bank. The platform has been developed to support the bank in verifying the identity of loan applicants.

“KYC isn't just collecting IDs. It's diving deep into databases, cross-referencing information, and painting a vivid picture of each loan applicant's eligibility and credibility,” explained Nikolaos.

This includes evaluating factors such as the applicant's tax insurance clearance, business size or geographical location to identify the eligibility of the business to take a loan. Detailed reporting of this information enables HDB to technically design programs of loans.

“The KYC platform aims to enhance accessibility of MSMEs to finance. This initiative will not only make even small and remote businesses visible in the banking system, but also provide a clear overview of Greece’s entire entrepreneurial landscape,” he said.

In addition, HDB is exploring how it can embed artificial intelligence in its loan origination process. This initiative aims to leverage cutting edge AI technologies to streamline and enhance various aspects of the loan origination journey.

“Imagine AI algorithms working tirelessly behind the scenes, automating tasks, crunching numbers, and speeding up loan approvals. It's like having a supercharged system that never sleeps ensuring, smoother operations and faster decision making,” Nikolaos explained. “This allows the bank to process loan applications more quickly, improving overall operational efficiency. In addition, this approach helps us mitigate risks and capitalise on further opportunities”.

A Collaborative Approach to Risk

Joining HDB in 2021 as Head of Credit Risk Management, before being appointed as Director of Risk Management in December 2023, Nikolaos has taken on a number of risk related roles in diverse financial environments across the globe.

aimed at fortifying the bank's resilience. However, strategic risk goes far beyond Nikolaos’ direct team and across the business.

“I am keen to foster vigilance, proactiveness, and collaboration across the business when it comes to risk management, from our “front-line” to our “back-office”,” he said.

Key to Nikolaos’ role is to refine the company’s risk policies in line with best practice and European law.

“One of the team’s primary responsibilities is to design and implement HDB’s risk management framework, tailored to our unique needs and objectives. This framework serves as a structured approach to identifying, assessing, and managing risks across the organisation, covering areas such as operational risk, business impact analysis, business

We stand by your side and we are here to support

Cooperative Bank of Karditsa is a regional financial institution in Greece that focuses on providing personalized banking services and supporting the local economy through various financial products tailored to individuals, businesses, social and agricultural enterprises. Known for its community-oriented approach, the bank emphasizes cooperative principles, fostering sustainable development and economic growth within Thessaly region. •

continuity plans, portfolios, and credit risk,” he explained further.

Like most countries, the Greek financial sector is dynamic. HDB is committed to navigating the unique challenges and opportunities present in this market to ensure the bank's success.

In addition, HDB is focussed on remaining ahead of emerging trends.

“This proactive engagement allows us to adapt our response and practices, whilst also seizing opportunities for growth,” shared Nikolaos.

HELLENIC DEVELOPMENT BANK

Expanding Entrepreneurial Economic Growth

Having progressively expanded since its inception, HDB’s current growth strategy revolves around bolstering the financial eco-system for MSMEs in Greece by serving as a crucial component in entrepreneurs' financial cycle.

Continuing on its mission, HDB aims to collateralise the portion of business risk that traditional banking systems may not accept, by expanding the realm of viable entrepreneurial ventures.

“HDB maintains a highly focused business agenda that adapts continually to mitigate the adverse impacts of the challenging macroeconomic landscape. HDB aspires to establish itself as a benchmark entity in providing supplementary funding for the Greek MSME market, thereby becoming a catalyst for growth within the local economy,” closed Nikolaos.

www.hdb.gr

FIRST ORE ACHIEVED AHEAD OF SCHEDULE AT KAMOA KUKULA COPPER COMPLEX

Starting production in 2021, the Kamoa Kukula Copper Complex (Kamoa Copper) based in the DRC, produced 393,551 tonnes of copper concentrate in 2023.

Ajoint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%), Kamoa Copper is a very large, near-surface, flat-lying, stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt.

In May 2024, it was announced by Ivanhoe Mines that first ore has been fed into the Phase 3 concentrator at the KamoaKakula Copper Complex. First ore marks the completion of construction of the Phase 3 concentrator, which has been achieved months ahead of schedule and on budget. First concentrate is expected in early June, while ramp-up to commercial production is targeted for early in Q3 2024.

Speaking of the achievement, Ivanhoe Mines Founder and Executive CoChairman, Robert Friedland, said:

“Given the outperformance of KamoaKakula’s operations to date, including higher than expected throughput and recoveries at the Phase 1 and Phase 2 concentrators, we are now studying options to boost copper production towards our next goal of 800,000 tonnes per annum… a production rate that would propel the Kamoa-Kakula Copper Complex towards being one of the two largest copper producers on our planet. In addition to the de-bottlenecking of the Phase 3 concentrator and increasing recoveries to 95% via our ‘Project 95’ initiative, we are now also studying options to accelerate the Phase 4 expansion at Kamoa-Kakula to target a throughput

COPPER

ARTICLE WRITTEN BY: LAURA WATLING

KAMOA

rate of at least 20 million tonnes annually. Given the current copper market, and the expansive copper resources and reserves in proximity of the milling complex, we believe this expanded throughput rate would unlock substantial value for our stakeholders and shareholders in the near and long term.”

As of April 30th 2024, a total of 2.25 million tonnes of ore at a grade of 3.1% copper is stored in surface run-of-mine stockpiles adjacent to the Phase 3 concentrator. The stockpiled ore from the Kamoa 1 and Kansoko mines, containing approximately 70,000 tonnes of copper, with the copper price trading at well over $10,000 per tonne, is being used to de-risk the ongoing wet commissioning and rampup of the new 5-Mtpa concentrator. The completion of Phase 3 will increase Kamoa Copper’s annual copper

production to a ten-year average of 650,000 tonnes of copper. The expansion includes the commissioning of a 500,000-tonne-per-annum on-site, direct-to-blister copper smelter and refurbishment of Turbine #5 at the Inga II hydroelectric facility.

The mine’s 2023 preliminary economic assessment projects a nine-year mine life extension of the Kamoa-Kakula Copper Complex, in addition to the Kamoa-Kakula 2023 pre-feasibility study of 33 years. This case includes the addition of four new underground mines in the Kamoa area (called Kamoa 3, 4, 5 and 6) to maintain the overall production rate of up to 19.2 Mtpa.

During the 10 million man-hours worked on the construction of the Phase 3 concentrator, not a single lost

time injury (LTI) was recorded, which Ivanhoe Mines proudly states is “a rare industry accomplishment”. The lost time injury frequency rate (LTIFR) and total recordable injury frequency rate (TRIFR) for the project were both zero.

Including the smelter and other associated infrastructure projects included in the Phase 3 expansion, over the total 40-million-man hours worked to date, only four LTIs have been recorded and nine recordable injuries.

The health and safety performance set by the engineering and contractor teams is industry-leading with a LTIFR and TRIFR of 0.10 and 0.22 per 1,000,000 man-hours

worked, respectively. For comparison, the 2022 International Council on Mining and Metals (ICMM) mining industry average was 2.66 per 1,000,000 man-hours worked. Establishing a Long-Term Logistics Agreement

In February 2024 Kamoa Copper announced an agreement with Trafigura, one of the world’s largest commodity suppliers, to transport minerals via the Lobito Atlantic Railway for a minimum term of six years.

Lobito Atlantic Railway is a new importexport trade route between the African Copperbelt and Angola’s Atlantic coast, with this agreement marking the first

long-term commercial commitment to the railway.

Speaking on the agreement, Robert said: “The transformative economic corridor will unlock more copper projects due to the lower logistical costs. Cheaper logistics increase the amount of economically recoverable copper across the Copperbelt, as cut-off grades can be lowered. This makes a significant impact on discoveries made in the DRC, such as the recent highgrade and open-ended Kitoko copper discovery in the Western Foreland, where we are stepping up exploration activities this year to find more ultra-green copper metal. Kitoko is located only 30 kilometres from the existing rail line,”.

KAMOA COPPER MINING

Mining with a Greater Purpose

Kamoa Copper’s vision is to build a sustainable legacy in the DRC through environmentally and socially responsible copper mining.

“Sustainability is at the heart of everything we do,” shared Chairman, Ben Munanga. Sustainability is also inextricably linked to Kamoa Copper’s company values: sustainable growth; united in diversity; and to thrive.

“Kamoa Copper acknowledges that our impact on the United Nations Sustainable Development Goals (SDGs) could shape our long-term strategy, enhance dialogue

Excellence in Human Resource Management, Serving Since 2014.

MD Services is a 100% Congolese Company specialized in staff recruitment and the management of Human Resources which, over the year, has built a flawless reputation throughout the entire DRC and has become the leading company of several operating companies in DRC, particularly, in the mining sector, cement, oil, and exploration.

MD SERVICES SARL

MD SERVICES Sarl, is a 100% Congolese Company, registered under the laws of The Democratic Republic of The Congo and operating in the Labour broking of Local and Expatriate Staff outsourcing as well other associated services.

MD SERVICES Sarl is therefore specialized in:

• Recruitment, placement and management of outsourced staff local and expatriate;

• Immigration outsourcing and other relevant documents for expats;

• Supply of Personal Protective Equipment “PPE”

• Any other services relating to personnel management.

MD SERVICES Sarl has established itself as a major player, for many companies operating in The Democratic Republic of The Congo especially in the mining, cement and hydrocarbon sectors (upstream and downstream). With its range of clients, the company has developed a real relationship and lasting trust. By way of illustration, MD SERVICES Sarl successfully supports major mining projects in The DRC, carried out by the large worldrenowned firms such as the KIBALI GOLD MINE Project, one of the branch of the multinational BARRICK GOLD as well as the TENKE FUNGURUME MINING project (TFM), the IVANHOE MINES project (Kamoa Project), and so on.

MD SERVICES Sarl also continue to assist big companies like BOART LONGYEAR, OREZONE DRILLING and many others in their drilling work at all stages of mining projects as well as in other services related to mining activities.

For this year, MD SERVICES Sarl has set the following main objectives:

• attract and support the maximum possible number of investors in The DRC in general and in particular, those working inthe mining sector, the reason for its participation in multiple international conferences;

• expand its activities in other countries of the continent such as UGANDA, SOUTH AFRICA, MAURITIUS and the big island of MADAGASCAR to get open up to the world.

It is for such a reason that MD SERVICES Sarl, on the side-lines of the “Prospectors and Developers Association of Canada, PDAC 2020”, an international mining conference that brings together all the major economic operators and decision-makers in this sector, has organized in 2020 at The Intercontinental Hotel and in 2023 at Fairmont Royal York in Toronto, business meetings which gathered several mining operators of the world not only in a purpose to connect them to different business opportunities in The DRC, but to reassure them also about a better support in Human Resources Management.

For the first time in this context and the proudness of the Democratic Republic of The Congo, Mr. Didi MUDOGO, a Congolese operator and the Managing Director of the MD SERVICES Sarl, has taken the initiative to raise the country’s Flag very high. Through this occasion a business lunch was organized and shared in order to discuss the available opportunities offered by The DRC, a country with a highly mining vocation. During that lunch meeting, several DRC officials and experts spoke on thesubject, as well as BARRICK CEO, Dr. Mark BRISTOW, who emphasized the importance for multinationals to work with local entrepreneurs not only for their emergence, but also because no project can establish itself and prosper effectively inthe host countries without the involvement of local entrepreneurs.

The vision that MD SERVICES Sarl sets itself is to bring together as much as possible all the major investors of the world and thus attract them more to come and invest their capital in The DRC in order to create more business opportunities for local entrepreneurs, the availability of employment for the Congolese people in order to contribute to the emergence of The DRC.

MD SERVICES Sarl: “TheStaffmanagementfocusedontheResult”.

In order to fight the scourge of unemployment shared by all our companies, all experts are looking for solutions. If the magic recipe has obviously not yet been elaborated, here and there, miles away from the official cenacles, we nevertheless notice significant advance in terms of social progress through the implementation of certain organizational structures that engage in activities that can make a difference.

To change the course of things is to take a problem head-on and make effort to try to solve it. “A well-posed problem is a problem half solved,” said the mathematician Henri Poincaré. It is in this context that MD SERVICES Sarl wrought its battle by posing the equation in these terms: how to ensure that the mass of workers in the DRC accesses a stable and sustainable job? In other words: how to put in relation and in adequacy the companies and the human resources, the multiple needs of the economic world and the proper obligation to each one to improve humankind?

For this purpose, under the managerial policy of its founder, Mr. Didi MUDOGO, was born and flourishing since 2005 MD SERVICES Sarl, a company specialized in the outsourcing and management of human resources. MD SERVICES Sarl has built a solid reputation and has become the key player to a growing number of companies active in the mining, cement, construction, logistics and other sectors. Due to the high quality of its services, MD SERVICES Sarl has a proven track record in recruiting and managing local, national and expatriate staff to the satisfaction of its clients as well as its multiple employees. This allowed the company to be trusted by its rigorous and demanding clients, promoters of large-scale projects in the various sectors mentioned above.

MD SERVICES Sarl doesn’t rely on this “connection” between companies and the population. Its mission is to target the needs and specificities of a given sector, develop profiles, select skills and train staff accordingly. For this purpose, MD SERVICES Sarl wrought partnerships with world-renowned companies specialized in training and building staff capacity to act as a powerful lewis for its clients.

MD SERVICES Sarl also offers its expertise and knowledge of the business sector, which none, through its advisory and investor support activities. With representative offices in Kampala (Uganda), in Johannesburg (South Africa) and in Antananarivo (Madagascar), the company operates throughout the Democratic Republic of Congo, valuing local know-how, create and sustain employment in disadvantaged areas of the country.

MD SERVICES Sarl stands out, for all these reasons, as “the” privileged partner to investors wishing to set up business in the DRC and tomorrow in other countries of the continent. Beyond its solid expertise and its vast database, credibility as well as the reliability of its services, all this ensure the smooth running of business processes and negotiations.

As a result of the innovative nature of the strategy and the effectiveness of its approach methods, MD SERVICES Sarl was awarded as “Best Outsourcing Company and HR Manager of the Year 2015 - 2016” during the DRC Mining Week.

“The practical and customized solution for the staff management with focus on the RESULT“ remains the motto of the company.

Other than the aforementioned, MD Services is currently on a training project in favor of selected fresh graduates in the move to foster a nucleus of young talents to serve as key personnel in future at the Kamoa Smelter, deemed to be the premier & high-tech smelter in the region for world class production of precious metal. www.md-drc.com

with our stakeholders, and support our licence to operate,” said Ben.

Its environmental governance priorities are driven by its objectives of contributing to the achievements of the following UN SDGs: Clean Water and Sanitation; Responsible Consumption and Production; Life on Land; Climate Action.

For waste management, Kamoa Copper employs tailings management which involves the storage and management of the finely-ground rock, fine mineral particles and water separated from ore minerals during the milling process.

“Kamoa Copper has taken a very low risk approach to how we manage our tailings and aim to meet or exceed global good practice for safe tailings management,” said Ben.

Kamoa Copper plans to minimise the surface storage and management of tailings from its mining operations by storing it underground in the mined-out workings.

“The mine has a relatively small environment-footprint because approximately half of the tailings will be mixed with cement and pumped back underground to fill voids and help support the underground mining infrastructure,” Ben added.

Further to the mine’s tailings management, Kamoa Copper understands that limiting the environmental impact and the carbon footprint of its mining operations is key to mitigating the effects of climate change.

LA TREVE Group PTY LTD: A Pioneering Force in

Supply Chain Management and Civil Engineering

Founded in 2015 in South Africa, LA TREVE Group PTY LTD embarked on a mission to revolutionize the sectors of supply chain management and civil engineering. With a foundational commitment to excellence and innovation, the company has steadfastly grown, expanding its services and geographical reach, particularly focusing on meeting the rising engineering service demands in the Democratic Republic of the Congo (DRC).

Expansion into the DRC: Acknowledging the burgeoning demand for specialized engineering and supply chain management services in the DRC, LA TREVE Group strategically began collaborations with select companies within the country starting in 2017. This significant move was not merely an expansion but a testament to the company's adaptability and commitment to addressing the needs of diverse markets. In April 2020, this expansion culminated in the establishment of LA TREVE SARL, a milestone that marked the beginning of a new chapter as a 100% Congolese company, showcasing an impressive commitment to local development and expertise.

Registration and Compliance

In its dedication to legal compliance and ethical business practices, LA TREVE SARL achieved registration with the ARSP, affirming its status as a fully recognized and compliant entity within the Congolese corporate landscape. This registration is not just a legal formality but a reflection of LA TREVE's commitment to transparency, quality, and regulatory compliance, essential pillars that guide every aspect of its operations.

Services and Expertise: LA TREVE Group has carved a niche in providing top-tier services in supply chain management and civil engineering. The company employs a holistic approach, integrating innovative strategies and technologies to streamline supply chain processes and deliver cutting-edge engineering solutions. Whether it's a complex infrastructure project or optimizing logistics operations, LA TREVE is equipped with the expertise, tools, and dedication to achieve exceptional outcomes.

Commitment to Quality and Sustainability:

Understanding the importance of sustainability and quality in today’s market, LA TREVE adheres to strict standards, ensuring that all projects and operations are not only efficient but also environmentally responsible and sustainable. This approach has not only earned the company accolades but also the trust and loyalty of a growing list of esteemed clients.

Future Outlook: As LA TREVE Group continues to build on its successful legacy, the company remains focused on innovation, customer satisfaction, and strategic expansion. With a robust foundation in South Africa and a flourishing presence in the DRC, LA TREVE is poised to scale new heights in the realms of supply chain management and civil engineering.

LA TREVE Group PTY LTD represents a beacon of excellence and innovation in the industry. From its humble beginnings in South Africa to its significant expansion in the DRC, the company has demonstrated an unwavering commitment to providing top-notch services, adhering to the highest standards of ethics and quality. As it moves forward, LA TREVE continues to be driven by a vision of growth, excellence, and a dedication to serving the needs of communities and businesses alike.

Electrical, Civil and Mechanical Engineering

Complete Engineering solutions for both government and the private sector.

LA TREVE Group PTY LTD was established in South Africa in 2015 with the primary objective of providing supply chain management and civil engineering services, and has grown over time with the increasing demand for engineering services in the Democratic Republic of Congo.

A NEW ERA OF PERFORMANCE

SES’s satellite-enabled connectivity solutions are powering digital transformation in enterprises across the globe, including the Kamoa-Kakula Copper Complex project in Africa.

Our multi-orbit network enables the seamless delivery of new services and applications, improving safety, digitalising operations, and maximising profitability in mining operations.

ABOUT SES

SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless data connectivity services around the world.

As a leader in global content connectivity solutions, SES owns and operates the world’s only geosynchronous orbit and medium earth orbit (GEO-MEO) constellation of satellites with the unique combination of global coverage and high performance. By leveraging its vast and intelligent, cloud-enabled network, SES delivers high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers. SES’s video network enables broadcasters, video platform operators and content owners to deliver managed media services for both linear and non-linear content. Its network of over 6,400 channels reaches 363 million households worldwide. The company is headquartered in Luxembourg and listed on Paris and Luxembourg stock exchanges.

DIGITAL MINING SOLUTIONS

In the mining industry, reliable connectivity is of exceptional importance since mining sites are often in remote locations. Connectivity delivered over SES’s 70 satellites can enable mining crews in these sites to access cloud-based applications and upload critical data, improving profitability of its extraction, overall productivity, visibility and safety. The same connectivity also enables the crew to stay connected with their families who are often located thousands of miles away.

For more information, visit www.ses.com

ISA SAS: Your Reliable Partner for Industrial Supplies in the DRC

Optimizing Your Operations in Lubumbashi, Likasi, Kinshasa, Kolwezi & Kalemie

Established in 2015, ISA SAS is your one-stop shop for all your industrial supply needs in the Democratic Republic of Congo. We take pride in being a local and reliable partner, understanding the unique challenges businesses face in the region. Our commitment is to provide you with top-quality products and complete solutions under one roof, streamlining your operations and ensuring success.

Why Choose ISA SAS?

Trusted Local Partner: With over 9 years of experience serving the Democratic Republic of Congo market, we possess a deep understanding of the local business landscape and its specific requirements. Our team is dependable, offering expert advice and exceptional customer service whenever you need it.

Quality Brands You Can Rely On: We partner with industry leaders to ensure you receive the best possible products. Our comprehensive range includes:

• Fuchs Lubricants: Keep your machinery running smoothly with top-tier lubricants from a world leader in lubrication technology.

• Baldwin Filters: Protect your equipment with high-performance filters for optimal performance and longevity.

• Lincol & Meclube Lubrication Systems: Maximize efficiency and minimize downtime with automated lubrication systems designed to keep your operations running smoothly.

• ISA Flex Hydraulic Hose Fabrication: Our team of experts can custom-build hydraulic hoses to your exact specifications, ensuring a perfect fit for your needs.

• AFS Fire Solutions: Ensure the safety of your workplace, home, & important places with fire protection solutions from AFS.

• Thundermax Batteries: Power yodur equipment reliably with high-quality batteries designed for long-lasting performance.

• Wynn’s Car Care Products: Maintain your vehicles in top condition with a comprehensive line of car care products to keep them running smoothly.

• Milwaukee Power Tools: Get the job done efficiently with professional-grade power tools built to tackle any challenge.

Complete Solutions, Not Just Products: At ISA SAS, we go beyond just supplying products. Our team of experts can assist you in designing and implementing complete solutions tailored to your specific needs. Whether you require assistance with lubrication system installation, fire safety plan development, or selecting the right tools for the job, ISA SAS is here to support you every step of the way.

Convenience and Streamlined Procurement: Save time and resources by sourcing everything you need from a single supplier. Eliminate the hassle of dealing with multiple vendors and simplify your purchasing process, making it more efficient and cost-effective.

Partnering for Success

By choosing ISA SAS, you gain more than just a supplier; you gain a trusted partner committed to your success. With our local expertise, unwavering commitment to quality, and comprehensive solutions, ISA SAS is the perfect choice for all your industrial supply needs in Lubumbashi, Likasi, Kinshasa, Kolwezi & Kalemie. Contact us today and let’s discuss how we can help your business thrive.

Contacts : +243 823 612 300 sales@isadrc.com www.isadrc.com

KAMOA COPPER

To support the continued successful performance of its mining complex, Kamoa Copper has signed a publicpartnership with DRC’s state-owned power company La Société Nationale d’Electricité to secure clean, renewable hydro-generated electricity.

“Securing sustainable, long-term electricity is essential in the development of Kamoa Copper into one of the world’s largest copper mines,” said Ben.

In addition, Kamoa Copper has pledged to incorporate state-of-the-art equipment powered by electric batteries or hydrogen fuel cells into its mining fleet, replacing diesel-powered equipment.

www.kamoacopper.com

ASTON MARTIN OPENS 66-STORY RESIDENTIAL TOWER IN MIAMI

Miami has a new addition to its skyline – a 66-story residential tower built by Aston Martin, marking the British luxury sports carmaker’s first foray into the residential real estate market.

Comprising of 391 units, Aston Martin Residences Miami sits at the mouth of the Miami River on Biscayne Bay, the firm said in a statement Tuesday.

Designed in partnership with architect Rodolfo Miani of Bodas Mian Anger and built by G&G Business Developments, the 249-meter- (818-foot-) tall building houses seven penthouses, each with private pools and terraces, as well as apartments ranging in size from one to five bedrooms.

The largest unit is the “Unique Triplex Penthouse,” arranged over three floors at the top of the building, which remains on the market for $59 million.

The property was officially opened on Tuesday. Timed to coincide with the Formula One Miami Grand Prix, the company said in a statement that it marks “the latest distinct expression of Aston Martin’s ultra-luxury high performance brand.”

Featuring an infinity pool with a pool deck, jacuzzis and cabanas on the 55th floor, the sail-shaped complex has a two-floor fitness center, two movie theaters and a virtual golf simulator.

The building has a sky bar and lounge, chef’s kitchen, ballroom and private dining areas, as well as a spa, beauty salon and barber shop.

Direct access to the sea via a superyacht marina is also available, plus a private butler service.

Germán Coto, chief executive officer of G&G Business Developments, told CNN Tuesday that the firm wanted to work on a project in the “cosmopolitan city” of Miami, and that this piece of land was the perfect choice.

“It’s an amazing plot with an excellent view of the river,” said Coto.

The structure’s aerodynamic shape helps the building deal with the technical challenges presented by high winds in the area, as well as evoking the sleek shape of an Aston Martin, according to Marek Reichman, executive vice president and chief creative officer of Aston Martin.

It also becomes wider from the base to the mid-section before tightening once more towards the top, making it appear to bow out over people on street level, Reichman told CNN.

“That’s part of the drama,” he added.

Challenges

However, the process wasn’t all plain sailing.

“It was difficult to achieve what we wanted because the space and the plot is kind of small,” said Coto, with the building fitting into a 1.25-acre plot of land.

Meanwhile, local building regulations imposed strict standards, explained Reichman, taking into account the lowlying land and propensity for flooding.

“They were some of the most amazing challenges,” he said. “You have to withstand the flooding with the windows that are on street level.”

There were further obstacles due to the curved shape of the building, which means that units on the east side have an individual architectural structural component.

Aston Martin touches Homeowners are able to customize their interior space with the help of the Aston Martin design team, with three style packages – Timeless, Covert and Indulgent – drawing on the company’s British heritage, as well as the building’s context.

“It needs to have part of the DNA of an Aston Martin,” Reichman said. “But we are in Miami, you don’t have a cold November evening where you need to put the log

ASTON MARTIN RESIDENCES

fire on, so you’ve got to be considerate of the environment that you’re in.”

Design elements running through the building include doors with bespoke Aston Martin handles, number plinths and kestrel tan leather door tabs.

Aston Martin said that 99% of the properties sold before the building was completed. Residences were sold for $1.5 million to $8.5 million, while penthouses ranged from $16 million to $59 million.

The Unique Triplex Penthouse, on the market for $59 million, comes with the last remaining Aston Martin Vulcan,

an 820 brake horsepower all-carbon fiber supercar, of which only 24 exist, a spokesman for the company said. Meanwhile, buyers of the 47 Signature and Penthouse units were also able to choose between an Aston Martin DBX sports SUV or the company’s DB11 sportscar.

Aston Martin isn’t the first luxury carmaker to enter the residential property market.

A 63-story building from Bentley will open in 2026 along the coastline of Sunny Isles Beach, Florida. Featuring 216 units, the property will have an elevator designed to take residents up to their doorstep while seated inside their car

MEDIA

Jamie Waite

Group CEO, Be Media jamie.waite@busenq.com

Jason Westgate Chief Commercial Officer jason.westgate@busenq.com

Bryonie Knowles

Project Director b.knowles@busenq.com

Lisa Maxwell

Project Director lisa.maxwell@busenq.com

Gary Smith

Senior Project Director gary.smith@busenq.com

Jess Collins

Project Director jess.collins@busenq.com

Munim Sikder

Project Director munim.sikder@busenq.com

Utkarsh Sharma

Project Director utkarsh.sharma@busenq.com

Glen Newton

Project Director g.newton@busenq.com

Adel Mhiri

Project Director adel.m@busenq.com

Paris Cressy

Branding & Marketing Executive paris.cressy@busenq.com

FINANCE

Claire Dunn

Global Credit Controller claire.dunn@busenq.com

Bethany Waite Credit Controller bethany.waite@busenq.com

Tanya Rudd Head of Finance tanya.rudd@busenq.com

Kim Pearson

Global Head of Accounts kim.pearson@busenq.com

DATA ANALYSIS

Kumar Nil-Khan Senior Data Strategy kumar.nilkhan@busenq.com

Simon Ferrening Production Manager Commercial Performance Analysis

SOCIAL MEDIA TEAM

Anita Terrell Social Media Manager anita.terrell@busenq.com

Lee Dixon Social Media Manager lee.dixon@busenq.com

HR

Susan Tumelty HR Partnered Company info@hrdept.co.uk

LEGAL

Chloe Bird Birketts LLP Norwich

Laura Watling Editor in Chief laura.watling@busenq.com EDITORIAL

Carol Gibson Lead Editor carol.gibson@busenq.com

Rebecca Matthews Senior Journalist rebecca.matthews@busenq.com

PRODUCTION

Roisin Reynolds Head of Production roisin.reynolds@busenq.com

Cheraleigh Van Zanten Production Manager cheraleigh.vanzanten@busenq.com

DESIGN

Jamie Bolton Head of Design jamie.bolton@busenq.com

Shah Abbas Head of Video & Content Creation shah.abbas@busenq.com

Matt Hardwick Online Website Manager matt.hardwick@busenq.com

WEBSITE PHOTOGRAPHY

Didie Nturo Lead Photographer didie.nturo@busenq.com

Get

A modern network must be able to respond easily, quickly and flexibly to the growing needs of today’s digital business. Must provide visibility & control of applications, users and devices on and off the network and Intelligently direct traffic across the WAN. Be scalable and automate the process to provide new innovative services. Support IoT devices and utilize state-of-the-art technologies such as real-time analytics, ML and AI. And all these must be provided with maximum security and minimum cost.

This is the power that brings the integration of two cloud managed platforms, Cisco Meraki and Cisco Umbrella. This integration is binding together the best of breed in cloud-managed networking and Security. cisco.com