Inspired by Jesus: Singing Love with Ric Hassani

Singer and composer, Ikechukwu Ahiauzu, also known as Ric Hassani, shares details about his professional journey and other topics with FAITH AJAYI

You've been candid about some of the challenges and difficult times you've experienced throughout your career. What helped you stay focused and driven during those quiet periods when your music wasn't receiving the attention it deserved?

I understood that I was performing to the best of my ability. I was putting everything I had into every task, so I knew it would eventually pay off. Giving your best is the only guarantee and self-assurance you can have in situations that appear to be governed by time.

Your tone has always been distinctive—gentle, heartfelt, and touching. How would you characterize the development of your music from 'Gentleman' to your most recent album, 'Lagos Lover Boy?'

My earlier creations are precisely like me. They showcase my true self. However, with this album, I aimed to produce something lively. I wanted to combine my identity with the latest trends and sounds shaping the industry right now.

What inspired that title?

I aimed to deliberately highlight the essence of Afro R&B. This album serves as a means of curating a genre that blends Afrobeat rhythms with deep emotional and melodic richness.

Several people were taken aback that you included Portable on the record. What motivated this partnership, and how was the artistic journey in merging such different styles?

Portable is an exceptionally skilled performer. I was genuinely eager to connect two distinct worlds. For me to be that individual, I had to demonstrate my ability to enter any musical environment and still produce something remarkable. I appreciate Portable's authentic energy and creativity. I believe he is genuinely talented.

You added some gospel influences to the album. How does spirituality or belief impact your personal life and the way you create music?

I am profoundly spiritual. My belief is the most significant aspect of my life. The tale of Lagos Lover Boy ends with discovering God—the supreme love—and giving oneself back to the Creator.

You've spoken out about how RnB is not given enough recognition compared to Afrobeat in Nigeria. What do you believe the Nigerian audience now comprehends about RnB that they didn't before?

I believe individuals are starting to recognize the enduring nature of this sound. The music I create is designed to stand the test of time. You can enjoy it years later, and it will still sound new. That's one of the remarkable aspects of R&B.

You have been creating music for many years prior to achieving broad recognition. What lessons did that time of being unknown impart to you?

It showed me that there was still much more for me to discover and accomplish. It encouraged me to explore further and exert greater effort to transform into the individual I had imagined.

As a judge on the music reality program, Nigerian Idol, what is it like to hold the power to shape the future of upcoming musicians?

It is a significant honor to have the opportunity to coach and mentor participants. My time within the industry has provided me with valuable insights that I am now excited to pass on to emerging talents. It is truly a privilege for me.

What characteristics do you seek in emerging musicians, and what guidance do you frequently offer to them?

I seek enthusiasm—the flame and the struggle. That profound desire to achieve. While technical abilities can be acquired with time, that internal motivation must remain constant.

You have consistently embraced openness in your songwriting. Have you ever been concerned about coming across as 'too gentle' for the Nigerian audience, who typically prefer high-energy music?

I truly only do what I am passionate about. That's the only thing that counts. As long as I can enjoy my music and be satisfied with it, then I have accomplished what I set out to do.

In a music scene that's highly focused on performance and moves quickly, how can you maintain your artistic authenticity and remain faithful to your unique style?

My creativity is a present intended for the world. Therefore, every time I have the opportunity to create, I do so completely. In this manner, the quality of the work serves as its own shield and authenticity.

Do you compose music based on your own life events, or do you share narratives you observe in the world?

It combines elements of both. Occasionally, a strong film motivates me. At other times, I write based on my own values and life experiences.

What constitutes success in your opinion?

Achieving success begins with a particular way of thinking. The reality that I am engaged in work I cherish and dedicating my full effort is, in itself, success for me. The audience can recognize this through the standard of my musical creations.

What single fact have you learned about the Nigerian music scene?

It is very energetic. You must have a clear understanding of your true self. You cannot attempt to be someone different.

What are your expectations for your upcoming album?

I hope it demonstrates to people what it means to be deliberate in pursuing excellence. I desire for listeners to genuinely feel something; not merely hear noises, but engage in an emotional experience that resonates with them on a profound level.

How have you maintained your genuine nature while keeping up with the rapidly changing industry trends?

I have concentrated on performing tasks I am most skilled at and taking pleasure in the journey. The more you embrace your strengths, the better you can regularly deliver your finest work.

What are some personal hobbies or interests you're currently discovering that fans might find unexpected?

I read extensively. I've been deeply involved in personal development recently, which has led me to study a lot. I'm also a regular gym companion; I exercise often.

Being under the public eye brings significant stress. How do you maintain your visibility while remaining authentic to who you are?

I concentrate on the things I am most skilled at. Nowadays, I have a greater sense of self-understanding. Therefore, I act with clarity and direction.

You frequently express themes of love, openness, and principles. In a society that occasionally promotes the contrary, what maintains your focus and motivates you to create from a genuine perspective?

I am a devotee of Jesus, and I ground my truth in Him. I endeavor to make Jesus the benchmark in all that I produce.

An increasing dialogue is taking place regarding mental health and self-esteem within the entertainment sector. How do you handle self-care and emotional well-being?

I truly have a documentary called 'Self-Worth'. I think it's important to focus on ourselves because all our actions come from who we are. The better we feel internally, the more we can offer. Mental health must always be a top concern.

What is your understanding of celebrity, and how do you decide what to reveal or keep private?

My goal is to remain genuine. Being authentic allows others to recognize that you are also human. I lead my life in a manner that serves as a model—starting with myself—choosing actions that I will be satisfied with in the years to come.

If you had the opportunity to work with an artist from a different genre, who would you choose and what would be the reason?

It would certainly be Beyoncé.

What is one recent fan engagement or message that reminded you of your motivation?

I once got a message from a parent who used my music for their child during a coma. The music provided comfort during that difficult time. That deeply moved me.

What do you do to relax when you're not working?

I enjoy watching numerous films.

Provided by SyndiGate Media Inc.Syndigate.info).

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Eno Barony Honored as Brand Ambassador for Premium Olande Fabrics

• Ghanaian artist Ruth Eno Adjoa Amankwah Nyame Adom, widely known as Eno Barony, has secured a new ambassadorial agreement.
• A renowned female rapper, recognized for her awards, has been appointed as a brand representative for a leading textile production company.
• Certain online platform users have shared their thoughts on female rapper Eno Barony's latest appearance for the photo session.

Ghanaian artist Ruth Eno Adjoa Amankwah Nyame Adom, commonly referred to in the music scene as Eno Barony, has officially been appointed as the brand representative for Verbelle Limited and their premium collection, Premium Olande Fabrics.

The acclaimed female rapper shared the thrilling update via a set of engaging posts across her different social media accounts, attracting considerable interest from her followers and the fashion industry.

Eno Barony poses in an elegant outfit

In a widely shared post, Eno Barony displayed her attractiveness while wearing a stylish long-sleeve black dress that beautifully emphasized her well-defined legs.

This photography session was her initial partnership with the company, and she displayed assurance and elegance.

Maintaining her characteristic style, she enhanced her look with a sophisticated front lace hairstyle, dramatic makeup, vibrant eyeshadow, and extended, fluttering lashes that highlighted her lively facial expressions.

To finish her appearance, Eno added gold bold earrings and coordinating, trendy rings, highlighting her sense of fashion.

View the images below:

Eno Barong supports Premium Olande Fabrics

Premium Olande Fabrics has established a strong reputation over the years as a leading textile company known for its premium, opulent materials that are highly desired in the fields of fashion, furniture, and interior decoration.

As the representative of Verbelle Limited, Eno Barony will participate in a variety of promotional efforts. This involves wearing and displaying the beautiful fabrics at different events, expos, and in advertising initiatives.

Furthermore, she will be instrumental in introducing newly designed collections, working alongside fashion stylists, designers, and tailors to enhance the prominence and attractiveness of the fabric range.

This collaboration marked a major achievement in Eno Barony's wide-ranging career, highlighting her reach beyond the music world and her substantial effect on the fashion and textile sector in Ghana.

View the images below:

The early life and education of Eno Barony

Eno Barony grew up in a supportive atmosphere under the care of her missionary parents, her father, Reverend Abraham Nyame Adom, and her mother, Mrs. Rebecca Nyame Adom.

This background fostered in her a strong love for music and religion from an early age. She started her schooling at Shallom Preparatory School, moved on to Cambridge Academy, and finally finished her Junior High School studies at Methodist J.H.S. For her senior secondary education, she went to Methodist Day Secondary School in Tema.

Excited to broaden her experiences, she later continued her higher education at Kumasi Polytechnic, where she refined her abilities and strengths.

View the images below:

Eno Barony's music career

Eno Barony's journey in music began in 2012, but it was in 2014 that she gained significant attention from audiences through her popular tracks "Wats Ma Name" and the remix of "Tonga" by Joey B featuring Sarkodie.

Her interpretation of "Tonga" gained special attention, as she was acknowledged as the first Ghanaian female rapper to surpass one million views on YouTube, signifying a major milestone in her professional journey.

Throughout the years, Eno has worked with a wide range of notable artists, such as prominent figures in the industry like Shatta Wale, Medikal, Stonebwoy, and Wendy Shay.

Her collection of songs included several standout hits, like "Juicy Me," "Daawa," "King of Queens," and "God is a Woman."

Her 2020 track "Rap Goddess" reinforced her position within the Ghanaian music scene, highlighting her skill with words and distinctive approach.

View the images below:

Awards and recognition received by Eno Barony

Over the course of her professional journey, Eno Barony has received numerous awards and honors that underscore her remarkable skill and impact within the music field.

In 2021, she broke barriers by being the first woman in rap to receive the highly esteemed "Best Rap Performance" honor at the Vodafone Ghana Music Awards (VGMA) for her impactful song "God is a Woman."

In the same year, she received the recognition of "Rapper of the Year" at the 3Music Awards, highlighting another major milestone in her career.

Her impact has gone beyond national boundaries, as she received the "Best Female Rap Act in Africa" honor at the African Muzik Magazine Awards (AFRIMMA) in 2020, solidifying her position as a powerful presence in the African music industry.

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Kneecap Controversy Hits France as Saint-Cloud Cuts Support for Rock en Seine

One of France's largest and most well-liked music events takes place annually at the Domaine National de Saint-Cloud, located west of Paris, during the month of August.

Rock en Seinedraws over 150,000 attendees annually, and this year's event includes major acts such asChappell Roan, Fontaines D.C., Queens of the Stone Age and Doechii, one main act is already causing controversy.

The rap group Kneecap remains in the lineup for this year's event, which runs from August 20 to 24, and has affected the festival.

Certainly, Rock en Seine has unexpectedly faced a budget reduction of €40,000 – a choice made by the Saint-Cloud municipal council due to the inclusion of the Northern Irish band.

Scheduled for Sunday, August 24, the Kneecap are recognized for theirsupport for the Palestinian movement through voiceand has faced the British legal system over what the band described as a "trumped up terrorism charge”.  

One of the group's members, Liam Óg Ó hAnnaidh, is charged withshowing a flag in support of the banned group Hezbollahat a London concert last year. He wasreleased on unconditional bailfollowing the hearing at Westminster Magistrates' Court in London last month.

Their controversial Glastonbury set, along with Bob Vylan’s, hasserious issues in the UK.  

The mayor of Saint-Cloud, Éric Berdoati, cast a vote to revoke the funding, stating: "We support cultural projects, not political ones. When they no longer align with our goals, we cease financial support."

Nevertheless, Rock en Seine has chosen not to be deterred by any political influence and has kept the Kneecap performance.

When we coded them last autumn, they weren't the center of attention, except forgood reasons," says festival director Mathieu Ducos, who emphasizes the importance of keeping positive ties with the town of Saint-Cloud.

"I hope the history we've managed to create and combine doesn't conclude with this conflict and our perspective on this group," Ducos adds.

The €40,000 from Saint-Cloud is unlikely to significantly impact the budget, since Rock en Seine's budget for this year has been reported at approximately €17 million, with 3% coming from grants.

The exclusion, a first for the festival since it began in 2003, followed Valérie Pécresse, head of the Île-de-France region, expressing on X in May that Kneecap "should be removed from existing French music festivals" due to ongoing legal cases in the UK.

On the other hand, French politician Xavier Brunschvicg (Parti Radcal de Gauche) stated that Kneecap's behavior and statements were primarily due to the Northern Irish group "taking a stance against the events occurring in Gaza."

From his perspective, Éric Berdoati was "yielding to a social pressure from his most conservative supporters."

Several musicians have shown support for Kneecap, such as Brian Eno, Fontaines D.C., and Pulp. Theysigned an open letterdenouncing a "clear, coordinated effort to suppress and eventually remove" Kneecap and standing against "the political suppression of creative expression."

The message states: "As creators, we believe it is necessary to express our dissent against any political suppression of artistic liberty."

In a democratic system, no political leaders or parties should be allowed to decide who can and cannot perform at music festivals or events that attract thousands of attendees.

The Rock en Seine festival will be held at Domaine National de Saint-Cloud from August 20 to August 24, 2025.

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Show! Music Core in Japan, Veruna Dome Dominated by Unmatched Lineup

MBC's "Show! Music Center in JAPAN" brought excitement to the Japanese archipelago this summer.

On July 5th and 6th, 2025, the "Show at the Beruna Dome in Japan! Music Center in JAPAN" event was successfully held. The performance, themed PLAYFUL SUMMER!, once again demonstrated the significant local popularity of K-POP.

The Veruna Dome was already sweltering before the performance began. As the 3MCs took the stage, the enthusiastic cheers from the crowd echoed throughout the entire dome. The longest-serving MC, SHINee Minho, along with 'Show! ZEROBASEONE Kim Kyu-bin and Hearts2Hearts Ana, who have consistently demonstrated strong performance on Music Center', came together as three MCs to deliver their opening statements. The ultimate K-pop festival of the summer was beautifully held, perfectly aligning with the theme of 'PLAYFUL SUMMER!'. This year, it featured special stages that could only be witnessed in "Music Core in JAPAN", starting from the first release of a legendary new song to a global mega hit.

▶ From representatives of the 5th generation to global superstars! the ultimate lineup collection

The first day of July 5 kicked off the festival with a refreshing performance by global newcomers Hearts2Hearts, who are already gaining attention since their debut. KiiiKiii, who is very popular in Japan, then delivered an energetic stage.

NEXZ, emerging as a promising performer, has enhanced the ambiance at the event, while Izna captivated audiences with her refined performance and youthful appeal. ZEROBASEONE, a leading act of the 5th generation, intensified the excitement on the first day with an energetic show.

The global top girl group IVE continued to win over the audience, while TREASURE, which has charmed fans worldwide including in Japan, demonstrated its international appeal. TAEMIN, a solo artist known for his exceptional performances, showcased his remarkable stage presence and added grandeur to the first day of the event.

The second day (July 6) started with a beautiful stage performance by ILLIT, who has strong backing from the Gen Z fanbase. n. is broadening its international reach. SSign delivered an original performance.

The stage of NCT WISH, which recently achieved its career peak and gained widespread popularity, attracted significant attention, while the representative icon of Japan's Generation Z, INI, impressed local fans. Charismatic idol group NiziU, which is gaining global recognition, delivered an outstanding performance.

THE BOYZ, gaining global attention from K-pop enthusiasts, delivered an impressive sword dance, while girl group aespa, enjoying widespread popularity, showcased its remarkable presence. TOMORROW X TOGETHER, closing the grand finale, concluded the second day of performances with a flawless stage that reflected their status as a global superstar.

▶ Enhance the varied K-pop festival with an impressive special stage

This year, the standout aspect of "Music Core in JAPAN" was the legendary special stage. Emerging talents mesmerized international fans with performances that reimagined the iconic stage according to the theme of "PLAYFUL SUMMER!".

NEXT's 'LOVE ME RIGHT (Original song: EXO)', Izna's 'Forever Young (Original song: BLACKPINK)', Hearts2Hearts' 'Gee (Original song: Girls' Generation)', and n.Each team, including SSign's 'Son Goku (Original Song: SEVENTEEN)' and NCT WISH's 'Miracle', created lasting memories for local fans by showcasing their own outstanding performances. Especially on the lively NCT WISH's 'Miracle' stage, the members organized an activity where they gave signed balls to fans, generating a strong reaction from the audience present.

The two-day final concluded with the entire cast gathering on EXO's 'Peter Pan' stage to enhance the atmosphere of unity. Amidst continuous cheers and heartfelt declarations from the audience, all performers united to create an emotional conclusion, marking the end of the grand finale of 'PLAYFUL SUMMER!' and reaffirming the worldwide popularity of K-POP.

The top music festival of this summer captivated K-pop fans globally! "Music Center in JAPAN" will be broadcast at 8:40 p.m. on July 25 (Friday) and August 1 (Friday).

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Edtech Insights: Kwame Nyatuame on Coding in Schools and the Digital Economy

It's a Thursday morning at a modest public school in Ho. A group of JHS students gather eagerly around one laptop.

They aren't just having fun—they're creating basic code that causes a cat to move on the screen using Scratch, a graphical programming platform designed for newcomers. The laughter is noticeable, but even more prominent is the sound of the future resonating within that small classroom.

That's the significance of incorporating coding education in schools—it goes beyond merely producing software engineers. It's about equipping young individuals to comprehend, influence, and succeed in a digital-first economy that is already present. In this piece, we examine what coding in schools truly signifies for Ghana's growth, why it has become more crucial than ever, and how we can implement it effectively.

Why coding? Why now?

Coding is frequently referred to as the "literacy of the future." However, let's examine it closely. Similar to how learning to read enables us to comprehend our surroundings, learning to code empowers us to build and shape the digital world. We reside in a society driven by technology.

From the applications used to order meals, to the systems that handle banking, elections, and our medical records, software is quietly controlling everything. Those who can comprehend and develop this software are not just employees—they are designers of tomorrow. Therefore, when we educate children on programming, we are doing more than just filling their minds with code. We are helping them learn to think in a structured way, tackle challenges, and come up with solutions for themselves and their neighborhoods.

The rising enthusiasm for programming in Ghana

It's true that Ghana is beginning to recognize this situation. In 2019, the Ministry of Education launched the Coding for Kids initiative, teaching fundamental programming abilities in certain public schools. By 2024, more than 250 primary schools in the Greater Accra and Ashanti regions have incorporated coding into their ICT syllabus—with intentions to extend it nationwide.

Several prominent Ghanaian Edtech projects in this area are:

• Ghana Code Club –Established by Ernestina Appiah, this non-profit organization has exposed more than 20,000 children to programming through engaging, interactive approaches such as Scratch and Python.
• Soronko Academy –The first coding and human-centered design institution for girls in Africa, established by Regina Honu. Soronko has equipped thousands of girls from marginalized communities with coding skills and the ambition to achieve great things.
• Young and Heart Ghana –Via their Learning Lions initiative, they employ storytelling and game-based technological education to introduce children to digital abilities, such as fundamental programming concepts.

These efforts go beyond instructing in programming—they are transforming people's lives.

The African setting – A significant chance, an even greater duty

Throughout the continent, significant efforts are being made. Rwanda introduced coding as a required subject in schools in 2019. South Africa implemented a comprehensive coding curriculum for Grades R–9 in 2023. Kenya and Nigeria have put substantial resources into training teachers for digital skills education. According to a World Economic Forum report (2023), Africa's digital economy could reach US$712 billion by 2050—but only if we develop a workforce skilled in digital technologies. In Ghana, the Ghana Statistical Service and UNICEF note that fewer than 30 percent of basic school teachers feel confident incorporating digital tools into their teaching. This is a gap that needs to be addressed urgently.

The actual impact of programming on national development

Let’s bring this home.

Programming goes beyond creating applications. It's about developing mindsets—those essential for crafting a Ghana that we can all be proud of:

• Young individuals equipped with the skills to leverage technology for addressing challenges within their local areas.
• Skilled individuals capable of securing positions within Ghana's technology sector—or launching their own ventures.
• Bold visionaries who don't merely use technology but develop it.
• Innovators who create with compassion, keeping their community at heart.
• Patriotic individuals who recognize that Ghana's future will be shaped not through assistance, but through innovative thoughts.

Picture young individuals developing waste management solutions through IoT, farmers utilizing AI-driven applications crafted by local programmers, or students designing platforms to aid learning in their mother tongues. This is the Ghana we need to code into reality.

But… Are we ready?

Certainly, there are difficulties.

• Infrastructure: Numerous rural schools do not have access to computers or consistent power, let alone Wi-Fi.
• Teacher Development: Many educators find programming challenging. Without adequate instruction, implementation may face delays.
• Educational Structure: The present learning system continues to emphasize memorization, rather than fostering innovative thinking.

However, none of these difficulties are impossible to overcome. Through targeted investments, effective collaborations, and strong political commitment, Ghana has the potential to serve as an example of inclusive, technology-based education across Africa.

What steps can be taken?

1. National programming curriculum – Ghana should officially integrate coding at the primary school level and develop a structured, culturally appropriate program.
2. Support professional development for teachers – Provide our education professionals not only with technology, but also with self-assurance. A teacher proficient in digital skills plays a key role in shaping a country's future.
3. Back local Edtech ventures – indigenous platforms have the deepest understanding of the Ghanaian environment. Let's invest in and expand them.
4. Make programming enjoyable and relevant – Employ narratives, game elements, and practical projects that resonate with students' experiences – such as developing an app to report broken water wells or monitor market costs.
5. Focus on girls and marginalized groups – fairness should be the core principle. Digital skills should not turn into a means that increases social inequalities.

Last reflections – Beyond a talent, a super ability

Frequently, we discuss the importance of expanding Ghana's economy beyond gold and cocoa. However, the most significant asset we possess is not found in the ground. It resides within the minds of our students. If we can educate them to code—encourage critical thinking, construction, learning from failure, perseverance, and innovation—we are not merely imparting a professional skill. We are bestowing upon them a remarkable ability.

A capability to envision. To address challenges. To create. And above all, to dream and bring forth a more improved, courageous Ghana. Let's incorporate this into our nation's narrative—one line of code at a time.

>>>Next in the Series: ‘Working Beyond Borders – How Pan-African Edtech Collaborations Can Create Wide-Ranging Effects’

Sources:

• World Economic Forum Africa Digital Economy Report (2023)
• Ghana Statistical Service and UNICEF Ghana Digital Skills Report (2024)
• Kids' Coding Pilot Program Report – Ministry of Education, Ghana
• Soronko Academy Annual Impact Report (2023)
• Ghana Code Club Data (2023)

>>>the author is an edtech enthusiast, writer, and president of the ghana edtech alliance. he is dedicated to leveraging storytelling to highlight the impact of educational technology in changing lives throughout africa. he can be contacted throughghanaedtechalliance@gmail.com

Provided by SyndiGate Media Inc. (Syndigate.info).

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Schneider Electric Launches Cutting-Edge Manufacturing Hub in Hosur, Tamil Nadu

VMPLBengaluru (Karnataka) [India], July 10:Schneider Electric, the pioneer in the digital transformation of energy management and automation, has recently revealed its intention to establish a production facility for its Schneider Electric ITBusiness at Horizon Industrial ParkHosur, close to Shoolagiri, Tamil Nadu. Spanning 500K square feet, the new site is designed to boost Schneider Electric's skills in manufacturing, sales, and distribution of Batteries.Management Products (BMS) including Uninterruptible Power Supply (UPS) systemsPower Distribution Units (PDU), cooling solutions, and various electronic accessories. Situated strategically along the Bangalore-Chennai National Highway, the upcoming Grade A industrial complex provides smooth access to both Bengaluru and Chennai markets, facilitating improved distribution and operational efficiency. The project will be developed in two phases in partnership with Horizon Industrial Parks, a prominent integrated logistics and industrial infrastructure company supported by Blackstone Real Estate funds. The first phase will involve a dust-free facility with modern office spaces and extensive tenant improvements. These upgrades include increased industrial power capacity, advanced fire safety systems, and optimized workspace planning for an initial workforce of 1,500, covering both direct and indirect jobs. The second phase will create a high-spec, customized facility designed to meet Schneider Electric's advanced operational requirements and is expected to be completed within 7 months. "We are pleased to collaborate with Horizon Industrial Parks as we continue our commitment to 'Atmanirbhar Bharat,'" said Deepak Sharma, Zone President, Greater India, MD and CEO, Schneider Electric India. "This partnership highlights our dedication to sustainability, efficiency, and operational excellence. The new facility will significantly enhance our manufacturing capabilities and enable us to integrate cutting-edge technology and sustainable practices. With this investment, we aim to support businesses, improve operational efficiency, and make a meaningful contribution to the 'Make in India' initiative." Horizon Industrial Park Hosur has already received pre-certification as 'Platinum' from the Indian Green Building Council (IGBC). Schneider Electric's new facility will incorporate several eco-friendly features, such as roof insulation using glass wool, rooftop solar panels to improve thermal efficiency, a 12-meter clear height PEB design with skylights for natural lighting, and advanced ventilation systems. Additionally, EV charging stations, HVAC controls, and smart light sensors will be part of the facility's integrated BMS. Solar rooftop panels are planned for the next phase of development, further enhancing thermal efficiency and reducing the carbon footprint.

Urvish Rambhia, Principal at Blackstone Real Estate, stated: "We are happy to collaborate with Schneider Electric and assist its sustained growth in India. We are dedicated to offering creative, customized, and high-standard warehousing options for both international and domestic companies aiming to increase their footprint in India." Through this strategic expansion, Schneider Electric continues to strengthen its long-term commitment to India's manufacturing industry, promoting innovation, efficiency, and sustainability within the sector. About Schneider Electric Schneider's objective is to create Impact by enabling everyone to maximize their energy and resources, connecting progress with sustainability for all. At Schneider, we refer to this as Life Is On. Our mission is to be the reliable partner in Sustainability and Efficiency. We are a global leader in industrial technology, delivering cutting-edge expertise in electrification, automation, and digitization to smart industries, resilient infrastructure, future-ready data centers, intelligent buildings, and user-friendly homes. Grounded in our extensive domain knowledge, we offer integrated, end-to-end AI-powered Industrial IoT solutions through connected products, automation, software, and services, providing digital twins to support profitable growth for our clients. We are a people-focused company with an ecosystem of 150,000 employees and over a million partners operating across more than 100 countries to ensure closeness to our customers and stakeholders. We value diversity and inclusion in all that we do, guided by our meaningful purpose of a sustainable future for everyone.www.se.com (ADVERTORIAL DISCLAIMER: The above press statement has been supplied byVMPL. ANI will not be held responsible in any manner for the content thereof)

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Sensex, Nifty Close Lower as IT Stocks Weigh Down Markets

Mumbai (Maharashtra) [India], July 10 (ANI): Indian equity indices closed the day in negative territory, dragged down by declines in IT shares. Stock markets faced selling pressure at higher levels on Thursday. At the end of trading, BSE Sensex fell 345.80 points or 0.41 per cent to 83,190.28, while the Nifty 50 on the National Stock Exchange (NSE) dropped 120.85 points or 0.47 per cent to 25,355.25. From a sectoral perspective, the Nifty Realty and Nifty Metal indices performed better, driven by targeted buying activity. However, defensive sectors such as Nifty FMCG, alongside Nifty PSU Bank, faced profit-taking and closed in negative territory. The wider market also reflected the benchmark's lackluster performance, with both Nifty Midcap 100 and Nifty Smallcap 100 ending lower. The advance-decline ratio remained largely stable for the second consecutive session, indicating continued consolidation throughout the market. Within the Nifty 50 group, IndusInd Bank and Maruti Suzuki were the top performers, providing some stability against the overall weak trend. Conversely, Bharti Airtel and Asian Paints were the main contributors to the index's decline. Market participants were closely monitoring the first quarter results of the tech giant Tata Consultancy Services Ltd, which reported a 4 per cent increase in net profit. According to market analysts, volatility is anticipated to continue throughout the day, fueled by growing expectations of a potential trade agreement with the US and the start of the June-quarter earnings season.

ObseAnalyzing investor sentiment, Vinod Nair, Head of Research at Geojit Investments Limited, stated, "Investor sentiment continues to be cautious before the Q1 results, with expectations of a subdued beginning for the season from the IT and finance sectors. However, the recent consolidation in IT stocks has largely accounted for this muted outlook, reducing further concerns." "Today, the market moved within a tight range as investors stayed cautious ahead of various trade agreements and the US's threatening tariff policies. Based on current momentum, the market is expected to see a pause in the upward trend until there is more clarity on these issues," said VLA Ambala, Co-Founder of Stock Market Today. Experts suggest that due to sector-specific impacts, some sectors might face a short-term slowdown in the upcoming Q2, which is affecting overall sentiments.bseFocusing on the technical aspects, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, stated, "A long negative candle was formed on the daily chart, indicating a recent unsuccessful attempt to break out of a narrow range and the market is now near the lower end of the range at 25300." "Despite the ongoing consolidation, the benchmark Nifty index continues to trade above its key moving averages, showing underlying strength in the overall trend. However, the momentum seems to be weakening, as the Relative Strength Index (RSI) has dropped below 60 — a sign that bullish momentum is gradually decreasing," said Sudeep Shah, Head - Technical and Derivatives Research, SBI Securities. Shrikant Chouhan, Head Equity Research, Kotak Securities, mentioned that technically, after a quiet start, the market faced steady selling pressure throughout the day at higher levels. "We believe the intraday market outlook is weak; however, a new selloff might occur only after the level of 25,300/83,000 is broken. Below these levels, the market could fall to 25,200/82,700. Further selling pressure may persist, potentially pushing the market down to 25,225/82,500," Chouhan added. (ANI)

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What is an ISA and How Could Rules Evolve?

Chancellor Rachel Reeves is reportedly considering adjustments to the regulations governing tax-free Individual Savings Accounts (ISAs).

The specifics are anticipated to be outlined in her Mansion House address on Tuesday - a traditional platform for chancellors to present their strategic outlook to financial sector leaders.

However, some have cautioned against modifying a widely-used savings option.

What are ISAs and how much money can be saved within them?

An Individual Savings Account (ISA)is a financial product that is handled in a distinct manner when it comes to taxation.

ISAs are available through various banks, housing associations, investment firms, and other financial institutions.

All returns from an ISA are tax-exempt, although there is a cap on the amount you can contribute annually.

The existing annual allowance of £20,000 can be utilized in a single account or distributed among various ISA products according to your preference.

These accounts do not automatically close once the tax year ends. At the start of the following tax year, you have the option to open a new ISA or, in certain situations, continue contributing to your current accounts.

You must be 18 years old to establish an ISA. Additionally, you need to reside in the UK or be part of the military forces or a so-called Crown employee working overseas.

Individual Savings Accounts were initially launched by former chancellor Gordon Brown in 1999, but the yearly limit and their structure have undergone multiple modifications since that time.

What distinguishes cash ISAs from stocks and shares ISAs?

Cash ISAs are commonly provided by financial institutions or housing associations, and operate similarly to a regular savings account.

Individuals deposit funds, and additional interest is applied thereafter.

With standard savings accounts, when the interest exceeds a specific limit,you begin to owe income tax.

A taxpayer who pays the standard rate can earn £1,000 in interest from savings each year without owing tax. For those who pay a higher rate, the limit is £500, while taxpayers in the additional rate bracket have no allowance and are taxed on all their savings income. Individuals with lower incomes might qualify for an additional allowance.

If you save money in a cash ISA, the interest earned is tax-free regardless of your income level.

Cash ISAs are widely used, with millions of investors keeping billions of pounds within them.

Stocks and shares ISAsoperate in a very similar manner.

However, rather than being kept in a savings account, the funds are allocated to stocks in businesses, unit trusts, investment funds, or bonds.

In contrast to other investments, all returns are exempt from income tax and capital gains tax.

Importantly, although the potential gains may be higher, the dangers are also significant. The value of your investments within a shares ISA can decrease as well as increase.

What other forms of ISA exist?

Junior ISAsallow teenagers to save money — or have their parents save on their behalf — until they turn 18, at which point they can access standard ISAs.

Lifetime ISAs (LISAs)They are intended to assist individuals in saving for a down payment on their first home or for retirement. Contributors can deposit up to £4,000 annually, with the government providing an additional 25%.

However, critics claim the regulations governing their operation are excessively rigid, and some investors have encountered issues with property purchase price caps.

Innovative Finance ISAsallow individuals to utilize different forms of financial agreements, such as peer-to-peer lending, without involving a traditional bank.

In what ways could the ISA regulations be modified?

Although there has been significant media discussion, Chancellor Rachel Reeves has not yet revealed her strategies.

Documents published by the Treasury during the June Spending Review mentioned only that the government was "considering possibilities" regarding ISA changes.

It aims to "achieve the proper balance between cash and stocks to generate improved returns for savers, enhance the retail investment culture, and aid the growth initiative."

Nevertheless, it is anticipated that Reeves will deliver a statement during her Mansion House speech in the City of London on 15 July.

Several professionals believe she may lower the yearly contribution limit for cash ISAs.

Some people have suggested that she should eliminate cash ISAs entirely, but this is seen as highly improbable.

What could be the reasons behind the government reducing the cash ISA allowance?

It is believed the government aims to motivate savers to invest funds in stocks and shares ISAs rather than cash ISAs. This might help British businesses and stimulate economic growth in the UK.

Several investment firms that offer stocks and shares ISAs support the change, whereas banks and building societies, which are leading in the cash ISA sector, oppose it.

Supporters argue that there are billions of pounds sitting in savings accounts, which do not require immediate access.

Some claim that funds would be more effectively utilized for individual and collective benefit if invested in stocks and shares over an extended period, instead of remaining in savings accounts.

They desire that any modifications to the ISA regulations be accompanied by additional changes aimed at promoting individual investment.

What are the disadvantages of reducing the cash ISA allowance?

Critics argue that there is limited proof that this action would prompt individuals to allocate funds to stocks rather than keep money in cash.

They caution that many individuals might not save at all, or would end up paying higher taxes on funds kept in non-ISA accounts.

Specifically, building societies highlight that this would also decrease the funds they obtain from savings deposits, which can subsequently be used for mortgages or other forms of lending.

Consequently, the expense of taking a loan may increase.

• Seven methods the Budget Review will impact you
• One out of ten individuals have no savings, according to the financial regulator.
• Proposal to increase savings protection to £110,000

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Editorial: Tackling Ongoing Energy and Cocoa Challenges

Ghanaian officials are being called upon to firmly tackle ongoing issues in the energy and cocoa industries as part of initiatives to maintain the nation's continuous financial policy adjustments under the US$3 billion IMF assistance program.

This announcement follows the IMF's Executive Board approving the fourth review of its Extended Credit Facility (ECF), releasing an additional payment of US$367 million.

The economy experienced higher-than-anticipated growth in 2024 and the beginning of 2025, driven by strong performance in mining, agriculture, ICT, and manufacturing. Nevertheless, the main program's effectiveness declined towards the end of the previous year because of fiscal overspending before the election and postponements in structural reforms.

Early data indicated a significant increase in unpaid government debts before the December 2024 general elections, as inflation exceeded IMF projections. The indicator ended the year at 23.8 percent – 80 basis points higher than the prior period and more than twice the Bank of Ghana's desired maximum threshold.

Despite the obstacle, the new administration has implemented what the IMF referred to as "courageous corrective measures." Bo Li, Deputy Managing Director of the IMF, noted that officials are firmly dedicated to reinstating financial discipline and tackling the structural issues that caused the setbacks.

"Strongly tackling issues within the energy industry and associated unpaid bills is essential for limiting financial dangers," he said.

There is no doubt that the energy sector remains a major strain on public funds. State-run electricity companies are experiencing increasing unpaid bills because of problems with collecting revenue, old debts, and delays in adjusting tariffs to reflect actual costs.

The power sector is estimated to have accumulated debts of US$3.1 billion as of March 2025, with an estimated US$3.7 billion required to fully clear all outstanding arrears. Indeed, analysts think the situation presents a direct threat to the fiscal consolidation goals set out in the rescue program.

Likewise, the cocoa industry is facing challenges even though the price of the commodity has reached record levels. Global cocoa prices saw extreme fluctuations, reaching a high of more than US$10,700 per tonne in the first quarter of 2025 because of significant supply issues resulting from adverse weather conditions and disease outbreaks in Ghana and Côte d’Ivoire.

This represented a 60-year peak, fueled by concerns over an increasing global cocoa shortage. Nevertheless, prices are starting to decrease slowly – dropping to approximately US$8,400 per tonne. Elements like old trees, disease occurrences, smuggling into nearby nations, and worldwide price fluctuations have limited income from one of Ghana's major export products.

Nevertheless, although authorities are making every effort to restore macroeconomic stability, the IMF's statement of concern and caution directed at the government regarding its management of the cedi's stability deserves consideration.

The Institute for Economic and Research Policy Promotion (IERPP) agrees with the IMF's stance and additionally shows support for it.

During its fourth review under the Extended Credit Facility Agreement with Ghana, the IMF's Executive Board raised worries regarding the government's practice of injecting foreign exchange to prop up the cedi against major currencies, rather than letting market forces dictate the local currency's strength.

Even though the Bank of Ghana needs to keep a sufficiently strict monetary policy until inflation reaches its goal, it should lessen its involvement in the foreign exchange market and permit more exchange rate flexibility.

In a statement signed by its Executive Director, Prof. Isaac Boadi – who also serves as Dean of the Faculty of Accounting and Finance at UPSA – the IERP mentioned that it provided a comparable warning to the government, but its recommendations were ignored.

The IERPP noted that although this could make the currency appear stable in the short run, it misleads market conditions. Indeed, the IERPP criticizes the BoG for conducting its market activities in an arbitrary and unclear way.

A constructive exchange between the central bank and research institutions such as the IERPP regarding economic policy is essential; this lack of communication, we believe, is concerning—particularly since the IERPP claims that the BoG and the government clearly ignore both IMF and IERPP recommendations.

It would be beneficial if the central bank issued a statement to tackle these valid worries, as such actions frequently result in ambiguity and guesswork. We ought to let the currency rate be determined by real market conditions.

Provided by SyndiGate Media Inc.Syndigate.info).

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AGOA's Decline: Reimagining AfCFTA as Africa's Growth Catalyst

By Kwame Asante (Director of Executive, Structured Solutions Development, Cash, Standard Chartered Bank)

The African Growth and Opportunity Act (AGOA), a significant U.S. trade program introduced in 2000, is now encountering an uncertain path as renewal talks are delayed in Washington. Should it not be extended, this would signify the conclusion of a 20-year preferential trade arrangement that has influenced economic ties between Africa and the U.S., especially within industries like textiles, farming, and light industry.

The greatest effect would be experienced by countries such as Kenya, South Africa, Ghana, and Nigeria, which have utilized AGOA to expand their exports and draw in investments.

The AGOA offers duty-free entry into the U.S. market for more than 6,500 items from 35 qualifying sub-Saharan African nations. It has encouraged export-driven growth, employment opportunities, and industrial development, particularly within labor-heavy sectors.

Upcoming Turbulence: What's on the Line

In Kenya, the clothing industry has received the main advantage from AGOA, with more than 90% of fabric exports heading to the United States. The initiative provides around 58,000 direct employment opportunities, mostly occupied by women in export processing zones. Without AGOA, these companies are at risk due to increasing tariffs and reduced competitiveness.

South Africa, home to one of Africa's most varied economies, has leveraged AGOA benefits to boost exports of agricultural products like citrus fruits and wine, along with vehicles and manufacturing items. Losing AGOA would reduce export revenues, limit employment opportunities, and interfere with supply networks that aid the larger Southern African Development Community (SADC) region.

Ghana and Nigeria have also utilized AGOA to boost non-traditional exports. Ghana's clothing exports and agricultural products like yams, pineapples, and cocoa-related items have secured a steady market through the program. Nigeria, which previously depended heavily on oil exports under AGOA, has made progress in developing its light manufacturing and food processing industries. These achievements are now in jeopardy.

In addition to the figures, ending AGOA would mark a step back in Africa's efforts to develop its industries, generate employment, and achieve inclusive economic growth. It would also hinder progress in establishing robust supply chains throughout the continent.

AfCFTA: A Key Shift for Strength

The African Continental Free Trade Area (AfCFTA) presents a different approach, moving the focus from external preferences towards creating a strong, unified African market. By bringing together 54 nations with a total population of 1.4 billion and a GDP of $3.4 trillion, AfCFTA seeks to increase trade within Africa, which currently stands below 17%, in contrast to over 60% in Europe and Asia.

At its foundation, AfCFTA aims to strengthen regional value chains. Instead of exporting raw resources, African nations can work together to create final products, boost industrial strength, and increase job opportunities. Important industries like textiles, processed foods, automotive parts, and medicines, which once gained advantages from AGOA, can now be focused on meeting rising demand within Africa.

Furthermore, AfCFTA offers a structure for Africa to engage with international partners from a stronger stance. It highlights the continent's goal to shape its trade policies around common prosperity, self-reliance, and coordinated strategies.

Progress and Priorities

The AfCFTA rollout has achieved considerable progress:

• All 54 nations belonging to the African Union have signed the accord, with 49 having approved it.
• The Guided Trade Initiative, introduced in 2022, is facilitating commerce in accordance with AfCFTA regulations, showing encouraging initial outcomes.
• Four key industries — Agro-processing, Pharmaceuticals, Automotives, and Transportation & Logistics — have been identified for regional value chain development.
• Agreements concerning Products and Services, Investment, Competition Rules, Intellectual Property, and online trade have been discussed and approved.
• Tariff schedules and origin rules now apply to 92% of goods exchanged. Textile and automotive regulations are almost finalized.
• The Pan-African Payment and Settlement System (PAPSS) is now active, linking more than 20 central banks and 160 commercial banks to facilitate transactions in local currencies.
• Seven countries now allow African citizens to enter without a visa, while 24 provide electronic visas.
• An AfCFTA Adjustment Fund, which includes a Base Fund (for technical support), General Fund (for trade infrastructure), and Credit Fund (for enhancing the capabilities of SMEs and the private sector), has been introduced to assist nations in transitioning and investing in trade-supporting systems.

These advancements go beyond mere policy successes, marking essential progress toward a new regional economic system.

To quicken progress, officials should concentrate on:

• Completing the alignment of customs procedures, digital trade frameworks, and product regulations.
• Funding developments including ports, transportation routes, and distribution centers.
• Allowing small and medium-sized enterprises, which constitute more than 80% of African businesses, to enter formal markets, obtain financial support, and meet certification requirements through the AfCFTA.

Implications for African Businesses

The AfCFTA offers a significant chance for businesses to thrive. It provides entry into a market that is becoming more open across 54 nations, presenting larger opportunities and fresh consumer groups. Lower tariffs, easier origin rules, and improved transportation networks make trading between countries more practical and less hazardous.

To benefit, companies must:

• Sign up with the national AfCFTA secretariats.
• Adhere to the certification and origin regulations.
• Place themselves in a favorable position to engage with local supply networks.

Pioneers, especially within manufacturing, transportation, and agricultural processing, are positioned to achieve a competitive edge as the trade environment evolves.

How We Can Help

With a 150-year history on the continent, Standard Chartered is actively helping clients manage and gain advantages from AfCFTA. We offer:

• Availability of funding and online commerce and cash systems.
• Policy recommendations and strategic guidance on AfCFTA; and
• Services designed to assist companies in expanding across regions.

Our objective is to link clients with emerging growth areas, facilitate the movement of capital, and promote equitable trade throughout Africa.

Final Thoughts: Africa at a Critical Turning Point

The possible termination of AGOA signifies a crucial turning point in the economic ties between Africa and the U.S. However, instead of perceiving it as a disadvantage, it should be regarded as an opportunity for autonomy. The AfCFTA offers a framework to shape a new story, focused on growth driven by African initiatives, trade within the continent, and the development of regional value chains and integration.

The necessary policies and tools have been established. The goal is evident. What is left is unified action. Government officials, companies, and development allies need to collaborate to ensure AfCFTA becomes more than a trade deal, but a powerful driver of growth across the continent.

Africa is entering a new era of trade, this time according to its own conditions.

Provided by SyndiGate Media Inc.Syndigate.info).

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