Seychelles’ FiTI 2021 report points to need for greater information access

There is a great need to make available information in Seychelles' fisheries industry more accessible and transfer it to the public in layman's terms, which will allow the information to be used in managing fisheries efficiently and sustainably, according to a new report.

This was outlined in the Seychelles 2021 Fisheries Transparency Initiative (FiTI) report and shared in a national fisheries transparency workshop focusing on Seychelles organised by the Ministry of Fisheries and Blue Economy, the Fisheries Transparency Initiative (FiTI), and World Wildlife Fund (WWF) Madagascar.

The event, which provided a platform to present the findings of the 2021 report, was broken down into two sessions to target the large-scale and small-scale fisheries of the country.

The report compiler, Daniella Larue, shared that in Seychelles' 2021 FiTI report, a total of 17 recommendations were made, touching all areas of fisheries.

"There is a recommendation dealing with fisheries resources. The website of SFA (Seychelles Fisheries Authority) is wonderful and full of reports produced between 2017 to 2021, but they are quite technical and scientific. One of the recommendations is to make the information more accessible," said Larue.

"Another deals with economic contributions, dealing more specifically with the number of people who work in the industry. We know this information in tourism, but we do not know the numbers for fisheries. We always say that the fisheries sector contributes a lot economically, but we do not know how many people work in the sector. It is important for us to know and this was a recommendation," she added.

Larue said that despite the amount of work that still remains to be carried out, there has been an improvement in the amount and quality of information published on the sector with some information being more up-to-date.

The chairperson of Seychelles' FiTI National Multi-Stakeholder Group, Philippe Michaud, said, "It is important to have transparency but we also need to see what to do with the information. With the system that we have we can help to better manage our stock and for better redistribution of benefits coming from the industry."

Fatime Kante, an economist in the Blue Economy department, said that Seychelles has made undeniable progress in improving transparency around its fisheries sector through the implementation of the Fisheries Transparency Initiative (FiTI).

"This has translated into vast amounts of information now being available on government websites. Yet, the impact of transparency does not lie in the act of publishing information alone. It relies on how this information is used to contribute to managing fisheries efficiently and sustainably," said Kante.

While Seychelles has demonstrated significant progress in implementing the FiTI's transparency requirements, there is a need to ensure that the information that is now publicly available contributes to sustainable policy-making, effective oversight, accountability, and public debates.

This was determined after the completion of the Seychelles validation process carried out by the FiTI International Board.

The participants in the session looked at how such transparency efforts can support national reform priorities for Seychelles' fisheries, and understand participatory mechanisms in that sector.

Source: Seychelles News Agency

Seychelles’ corporate services sector reviews effects of Beneficial Ownership Act

Seychelles is set to become the first offshore jurisdiction to fully implement the Beneficiary Ownership (BO) Act and comply with international standards by April.

The amendments made to the Beneficial Ownership Act in 2020 state that legal persons and legal arrangements are required to provide their Beneficial Ownership (BO) information to the Financial Intelligence Unit (FIU) through their resident agents.

The law further stipulates that in order to do so resident agents are required to register and populate the Beneficial Ownership databases as appropriate.

As the small island state is to become the "first mover", the Seychelles International Financial Services Association (SIFSA) hosted a conference to see how the implementation of the law is going as well as look at the new proposals government is planning to include.

The chairperson of SIFSA, Marco Francis, explained the process of implementing the BO Act framework over the last few months and said: "We want to see how we can make these laws easier to implement."

One of the challenges the corporate service providers have had to deal with is that following the changes in legislation, they have only had six months to implement the changes.

"The initial implementation time the government had given us for the law was very short, so it was very hectic. However we have seen that it has gone smoothly, even though there were times when the portals were down," said Francis.

Present at the meeting were the service providers and the regulators and both parties were able to bring forward their propositions on how to better implement the BO laws.

The amendment to the Seychelles BO Act is to improve the archipelago's reputation in the offshore sector.

Seychelles was added to France's blacklist of tax havens in 2020 for not having been cooperative enough on issues of fiscal transparency relating to requests for information on some French offshore entities registered in the island nation.

The 115-island archipelago in the western Indian Ocean was also included on the United States sanctions list due to links with Iran.

However, it was removed from the EU tax haven blacklist in late 2021 after a number of amendments and legislation were introduced to ensure compliance with EU standards.

Those present at the conference agreed that the reputation of the offshore sector is something that needs to be tackled collectively and such laws were the first step in doing so.

Under the BO Act in Seychelles, anyone who owns a business has to upload on the Financial Intelligence Unit (FIU) who is the owner.

One of the presentations by the regulators highlighted that countries have shifted from just being recipients to being able to question the information they are given and that having the information on hand is essential to the investigation of financial crimes.

Among the challenges pointed out was that the offshore companies based in Seychelles now have to make sure that the beneficial register is accurate.

The service providers in Seychelles will now have to have a current register that includes their clients' Tax Identification Number or National Identification Number, name, residential address, service address, date of birth and nationality.

The information will remain on their books for at least seven years after they stop being a beneficial owner.

Authorities in Seychelles will also hold inspections to ensure the laws are being followed and penalising those who do not.

The authorities have until June to revise the BO guidelines.

Source: Seychelles News Agency

Angolan Head of State receives message from Zimbabwean counterpart

The Angolan Head of State, João Lourenço, received, this Tuesday, a written message from his Zimbabwean counterpart, Emmerson Mnangagwa, within the framework of strengthening bilateral cooperation.

The message was conveyed by Patrick Chinamasa, special envoy of the President of Zimbabwe, who at the end of the audience said that it was the intention of both governments to keep working for the unity and development of Southern Africa.

Patrick Chinamasa, who highlighted the importance of friendship and cooperation ties, recalled that Angola and Zimbabwe maintain deep and fruitful ties from a political, diplomatic and commercial point of view.

Located in Southern Africa, like Angola, the Republic of Zimbabwe is a country placed in the south area of the continent, between the Zambezi and Limpopo rivers.

Zimbabwe is bordered to the north by Zambia, to the north and east by Mozambique, to the south by South Africa and to the west by Botswana.

Source: Angola Press News Agency (APNA)

France: 10th electric day of demonstrations against pension reform

France is facing a tenth day of demonstrations against a very unpopular pension reform on Tuesday, in a climate made electric by the growing violence, which the government says it is trying to appease, in vain for the moment.

Opposition to this emblematic reform of Emmanuel Macron's second five-year term, which delays the retirement age from 62 to 64, has become more radical since the government passed the text without a vote in the Assembly, exposing to no-confidence motions that failed on March 20 to overthrow him.

Since then, the demonstrations have been punctuated by increasing violence, with in particular many police officers, gendarmes, thugs and demonstrators injured or fires in public buildings.

Interior Minister Gérald Darmanin announced an "unprecedented security device" for Tuesday with "13,000 police and gendarmes, including 5,500 in Paris".

At the same time, blockades, pickets and demonstrations have continued for days, disrupting the fuel supply to certain French regions, and certain roads or logistics depots. Road blockages were in place Tuesday morning around Rennes and Nantes (west) where traffic was very difficult.

Train traffic was severely disrupted Tuesday morning.

Yasmine Mounib, 19, a student in the north of France, says she "agrees" with the demands of the strikers who are calling for the withdrawal of the reform. "But they could leave the morning trains for high school students, students: it's costing me my schooling," she explains, saying she got up at 4:00 a.m. for an 8:00 a.m. class that she will still miss.

More than 15% of service stations in France were running out of gasoline or diesel on Monday.

Thousands of tons of garbage still disfigure Paris after more than three weeks of garbage collectors' strike and serve as fuel for groups of thugs in the evening.

A sign of the deleterious climate, particularly violent clashes opposed demonstrators and law enforcement on Saturday in a rural region of central France against a backdrop of hostility to a water reservoir project. Two men were between life and death after the clashes.

– “Gesture of appeasement” –

To get out of the rut, while remaining inflexible on the substance of the reform, the government proclaims its desire for "appeasement".

On Monday, Emmanuel Macron, whose popularity has fallen sharply, gathered at the Elysée Palace Prime Minister Elisabeth Borne and the executives of her majority – party leaders, ministers, parliamentarians.

According to comments reported by a participant, the president declared that it was necessary to "continue to reach out" to the unions and accused the party La France insoumise (LFI, radical left) of wanting to "delegitimize" the institutions.

The Prime Minister has set herself two objectives: “appease the country” and “accelerate the responses to the expectations of the French people. »

In this perspective, she opened three weeks of consultations on Monday, with parliamentarians, political parties, local elected officials and social partners, if they so wish.

But the unions, which have warned against an uncontrolled skid of the protest, do not intend to give up on the starting age, the keystone of their mobilization.

The leader of the reformist central CFDT Laurent Berger, who is calling for a "pause" in this reform, asked the executive on Tuesday to set up "mediation" to "find a way out".

"What the intersyndicale is offering today is a gesture of appeasement" that "must be grasped", said Laurent Berger.

Opponents of the reform consider it "unfair", especially for employees in difficult jobs and women.

The head of LFI Jean-Luc Mélenchon called for the "withdrawal" or a "overhaul" of the reform and the departure of the Prime Minister to get out of the political crisis caused by the "pure coup de force" of Mr. Macron .

Territorial intelligence anticipates that "650,000 to 900,000 people will march everywhere in France on Tuesday, including 70,000 to 100,000 people in Paris", according to a police source,

Another police source predicts "a doubling, even a tripling" of the presence of young people in the processions.

Young people are particularly mobilized on the issue of police violence, some of which has been widely shared on social networks, and while the Council of Europe has criticized an “excessive use of force”.

In the midst of this crisis, pro-Russian hackers attacked the site of the National Assembly on Monday to denounce France's support for Ukraine.

Source: Source: Burkina Information Agency

Tuy: The first Gym of Houndé inaugurated

The High Commissioner of the province of Tuy, Issiaka Segda, proceeded on Wednesday March 23, 2023 in Houndé, to the opening of the first Gym "Watinonm" of Houndé, which will contribute to the development sports in the locality.

The first sports infrastructure of its kind in Houndé, the “Watinonm Gym” is equipped, among other things, with dumbbells, discs, benches, multifunction weight machines, sports bikes, treadmills and a fitness area. aerobics.

Located on the eastern outskirts of the city near National Road 1, the infrastructure is an initiative of Oumar Ira, a passionate and professional weightlifter from Houndé.

The ribbon cutting marking the opening of the jewel took place on Wednesday, March 22, 2023.

According to the promoter, the idea of creating this gym was born from his passion for sport.

“I started practicing this sport from a young age. I have always been passionate about this sport,” he explained.

Mr. Ira indicated that for the practice of body exercises, young people as well as the elderly can have their account.

For the sponsor of the ceremony, Souleymane Dianda, president of the special delegation of the municipality of Houndé, this project will offer more opportunities to the population in terms of sports practice which, according to him, is a factor of social cohesion. and economic development.

He congratulated the promoter and wished good luck to his project.

The High Commissioner of the province of Tuy, invited the populations to attend the gym.

Source: Source: Burkina Information Agency

Japan listening to Burkina’s priority needs

Japanese diplomat Mase Hiroyuki discussed on Tuesday with Prime Minister Me Apollinaire Kyelem de Tambèla, on the priority needs of Burkina Faso, AIB learned.

"We talked a lot about what we are going to do in terms of partnership between Japan and Burkina Faso in several areas," said Tuesday, the Africa director, responsible for the French-speaking area of Africa at the Ministry of Foreign Affairs of the Japan, Mase Hiroyuki.

He was speaking following an audience with Burkinabe Prime Minister Me Apollinaire Kyelem de Tambèla.

According to the diplomat, it was a question of seeing the needs to be met on the ground, taking into account above all the priority areas and the needs that will arise.

Mase Hiroyuki maintained that the commitments will be clarified during future discussions.

He recalled that the partnership between Burkina Faso and Japan already covers several areas including Agriculture, Education, Regional Integration, Infrastructure and Transport.

Source: Source: Burkina Information Agency

Yatenga: “Our mission will be to bring young people to invest in order to eradicate insecurity”, President

The Regional Director in charge of Youth, Moussa Tassembédo, officially installed in his functions on March 25, 2023 in Ouahigouya, the president of the new office of the Regional Youth Council of the North (CRJ / North), Nongma Kadidiatou Ouedraogo.

With 13 members, the new office of the Regional Youth Council of the North (CRJ / North) is officially installed following the elections that took place last February.

Headed by Nongma Kadidiatou Ouédraogo, the first woman to chair the CRJ in the North, the new team is committed today March 25, 2023 to work for the influence of the organization.

The new captain intends to ensure that all the actions that will be undertaken by the incoming office are beneficial to the youth.

For this, Nongma Kadidiatou Ouédraogo, insisted on the need for a sincere union of youth.

“Our mission will be to get young people to invest more in the country's current difficulties, namely insecurity, because we are at the center of the search for solutions. Let everyone bring their stone for Development”, she argued.

The new team intends to work in training and advocacy in order to allow young people to have the necessary baggage for their professional integration.

The outgoing President, Rasmané Ouédraogo, congratulated the new team and thanked the customary and administrative authorities for their support.

Source: Source: Burkina Information Agency

Wood Mackenzie appoints new Chief Financial Officer

Simon Crowe, formerly of ERM, brings sustainability and energy industry experience

Headshot of Simon Crowe

Headshot of Simon Crowe, CFO at Wood Mackenzie.

LONDON and HOUSTON and SINGAPORE, March 27, 2023 (GLOBE NEWSWIRE) — Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Simon Crowe to its global executive leadership team as Chief Financial Officer (CFO), effective 27th March.

Simon brings a wealth of experience in private and public companies in the US, Europe and Asia. He joins Wood Mackenzie after nearly five years as CFO of ERM, the world’s largest Sustainability and Environmental Consultancy where he played a key role in their rapid growth, diversification, and successful investment from KKR.

Commenting on Simon’s appointment, Mark Brinin, CEO of Wood Mackenzie said: “Simon is a commercially minded CFO, with a breadth of international experience, having worked with private equity backed ERM and companies listed on New York, London and European stock exchanges. He has strong financial management and strategic leadership skills. Simon’s diverse background in environmental consulting and global energy markets brings deep knowledge of our end markets. His considerable experience will benefit the future success of Wood Mackenzie. We are delighted that he has chosen to join us.”

“He is well qualified to help the team build on its decades of leadership and innovation in the energy industry. It is an exciting time to join Wood Mackenzie as the company is well positioned to expand and enhance the critical insights provided to its growing customer base across the entire energy and renewables value chain,” Brinin added.

Simon Crowe, CFO, commented: “I am really excited about joining the Wood Mackenzie team. The global energy, renewables and commodity markets are in transition to net zero and Wood Mackenzie has a new strategic partner in Veritas Capital. The world will be increasingly reliant on the critical insights, data and knowledge that Wood Mackenzie’s research and consulting teams have developed over the last 50 years. I am looking forward to working with a first-class global team and helping to drive the growth agenda.”

EDITOR’S NOTES
View the full Wood Mackenzie executive leadership team here.
Read the press release announcing Veritas Capital’s acquisition of Wood Mackenzie in February here.

For further information please contact Wood Mackenzie’s media relations team:
Sonia Kerr
+44 330 174 7267
Sonia.kerr@woodmac.com

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About Wood Mackenzie
Wood Mackenzie is a trusted source of commercial intelligence for the world’s natural resources sector. We empower customers to make better strategic decisions, providing objective analysis and advice on assets, companies and markets. For more information, visit: www.woodmac.com or follow us on Twitter @WoodMackenzie
WOOD MACKENZIE is a trademark of Wood Mackenzie Limited and is the subject of trademark registrations and/or applications in the European Community, the USA, and other countries around the world.

About Veritas Capital 
Veritas is a longstanding technology investor with over $40 billion of assets under management and a focus on companies operating at the intersection of technology and government. The firm invests in companies that provide critical products, software, and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. Leveraging technology to make a positive impact across vitally important areas, such as healthcare, education, and national security, is core to the firm. Veritas is a proud steward of national assets, improving the quality of healthcare while reducing cost, advancing our educational system, and protecting our nation and allies. For more information, visit www.veritascapital.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dc6a85fd-6cd6-4b57-b37d-ca7c25a9ea5b

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Classic Parade announces its incorporation as an LTD company

Classic Parade announces its incorporation as an LTD company

Classic Parade is now an LTD company that has financial backing from Qatari investors.

LONDON, March 27, 2023 (GLOBE NEWSWIRE) — After 20 years under family ownership, Classic Parade, a hypercar hire company in London, will now effective immediately become an LTD company that has financial backing from Qatari investors.

This move comes from a strategic business decision to focus on growth beyond the United Kingdom. Currently, Classic Parade services luxury hypercar hire customers all over the UK, but with the revitalizing investment from its new owners, it aims to become the premium hypercar hire company that services all of Europe. No other luxury supercar for-hire provider serves that large of a geographical location in the area; Classic Parade will be the first.

Its existing portfolio of vehicles is vast, including well-known brands in the luxury vehicle community such as Ferrari, McLaren, Rolls Royce, Porsche, Audi, and more. A hire agreement can be completed in as little as 24 hours, making it possible to get a next-day hypercar hire in the UK. With these same services offered in all of Europe, Classic Parade will expand its fleet to meet the demand of its growing customer base. All of the available vehicles can be found on Classic Parade’s website, but a brief snapshot of the Classic Parade fleet is as follows:

  • Ferrari SF90 Stradale: The Ferrari SF90 Stradale has impressive power with 986 bhp. In a bold red color, this is one of the most sought-after vehicles today.
  • McLaren Speedtail: The sleek body of this vehicle offers aerodynamics and its 1050 bhp is a selling point for many customers.
  • Lamborghini Sian: With a daily rate of £6000, this model sits at the top tier of available Lamborghinis. It features 808 bhp and goes from 0-60 MPH in 2.8 seconds.
  • Porsche 918 Spyder: With a price of £3500 per day, drivers can test out the Porsche 918 Spyder’s ability to get from 0-60 MPH in 2.2 seconds.

Supercar hires have a range of price points, with each agreement requiring a security deposit. When the vehicle is returned to Classic Parade in good condition, the security deposit will be refunded to the customers. Every agreement includes self-drive hire insurance for 2 drivers, though drivers must be at least 25 years of age to drive vehicles hired from Classic Parade.

Expanding with a phased approach, Classic Parade will provide updates when servicing starts for locations around Europe. Once up and running, these locations will be able to access 24-hour service and deliveries any day of the week.

Another service that will be available to customers in all of Europe is the “Try Before You Buy” Program, which connects potential buyers with the vehicles they are interested in before they permanently purchase those vehicles. Prior to investing in an expensive vehicle, Classic Parade’s customers can drive the same luxury vehicle for any length of time. Flexible hire terms and customized pricing packages make this possible.

Those interested in hiring a supercar from Classic Parade in the UK can reach out to rent@classicparade.co.uk or +44 (0) 333 355 3595. There are no hires available in other locations, but as that changes, updates can be found here. The Classic Parade team is available 24 hours, 7 days a week to answer questions or finalize supercar hire details for customers in the UK.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e320844d-7478-4095-83aa-44c56e95cb84

Contact
Classic Parade
+44 (0) 333 355 3595
rent@classicparade.co.uk

GlobeNewswire Distribution ID 1000800415

Zoom announces the expansion of Zoom IQ, the smart companion that empowers collaboration and unlocks potential

Zoom uses OpenAI technologies to bolster a unique federated approach to AI based on flexibility

SAN JOSE, Calif., March 27, 2023 (GLOBE NEWSWIRE) — Today at Enterprise Connect, Zoom Video Communications, Inc. (NASDAQ: ZM) announced the expansion of Zoom IQ, a smart companion that empowers collaboration and unlocks people’s potential by summarizing chat threads, organizing ideas, drafting content for chats, emails, and whiteboard sessions, creating meeting agendas, and more. The company also announced it will use OpenAI to bolster its unique federated approach to AI based on flexibility.

Zoom’s federated approach to AI leverages its own proprietary AI models, those from leading AI companies– such as OpenAI –and select customers’ own models. With this flexibility to incorporate multiple types of models, Zoom’s goal is to provide the most value for its customers’ diverse needs. These models can also be customized to perform better for a customer, based on their vocabulary and requirements.

“Zoom has long built AI solutions into our products to empower customers to be more productive,” said Smita Hashim, chief product officer at Zoom. “We are excited to bring many more capabilities with new large language models. Our unique approach to AI will give customers the flexibility they want and help significantly improve collaboration and customer relations.”

In today’s work environment, workers find it increasingly difficult to balance workday priorities between emails, team chats, meetings, and project management tasks. Teams are also looking for ways to better co-create effectively in real-time. To help solve these challenges, Zoom IQ will have a host of new capabilities scheduled to release soon, including:

  • Zoom IQ chat compose: Zoom Team Chat users can soon use the compose feature to help compose messages based on conversational context in addition to changing message tone to customize suggested responses.
  • Zoom IQ email compose: Harnessing the power of Generative AI, users will get email draft suggestions in response to the conversational context from prior Zoom Meetings, Zoom Phone calls, and email threads. Available initially in Zoom IQ for Sales.
  • Zoom IQ meeting summary: Generate a summary, capture next steps, and share via Team Chat, Zoom Calendar, and email without recording the conversation, so those who didn’t attend will no longer have to sit through lengthy recordings.

Additionally at Enterprise Connect, Zoom is showcasing the following innovations to make teamwork more meaningful and strengthen customer relationships:

  • Zoom Huddles (formerly Zoom Spots) is a new video-enabled virtual coworking space designed to foster ad-hoc discussions and relationship building, to replicate the “working alongside” aspect of an open office and encourage free-form video-first conversations. Zoom Huddles is now available globally for customers to request early access by visiting the product page.
  • Intelligent Director uses multiple cameras in a Zoom Room to determine the best angle of the individuals in the room to display within the meeting. With high-quality, reliable video and voice, Intelligent Director also provides a best-in-class experience for remote participants. Available in beta soon.
  • Zoom Scheduler makes it easy to find the perfect time for meetings by sharing the host’s availability so others (even external participants) can conveniently book appointments. Zoom Scheduler reduces the back-and-forth hassle of manual scheduling by placing a meeting on the host’s calendar with a Zoom Meetings link already included, saving both participants time. Zoom Scheduler works seamlessly with Zoom Meetings and Zoom Mail and Calendar, and integrates with Google Calendar and Microsoft 365, so hosts can use their preferred calendar.

Additional Resources:

About Zoom
Zoom is an all-in-one intelligent collaboration platform that makes connecting easier, more immersive, and more dynamic for businesses and individuals. Zoom technology puts people at the center, enabling meaningful connections, facilitating modern collaboration, and driving human innovation through solutions like team chat, phone, meetings, omnichannel cloud contact center, smart recordings, whiteboard, and more, in one offering. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more info at zoom.com.

Zoom Public Relations
Beth McLaughlin
press@zoom.us

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