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authorises

Govt authorises MEDEPC to issue registration certificates for export of mobile phones, electronic items

The government authorised the Mobile and Electronic Devices Export Promotion Council (MEDEPC) to issue registration certificates, a key document for exporters, for certain products related to the sector, including smartphones, smart watches, monitors, and parts of mobile phones. According to the Foreign Trade Policy (FTP), a Registration and Membership Certificate (RCMC) is required for exporters in order to avail themselves of benefits under the policy. Holding the certificate can also help exporters avail of benefits…

US Senate Passes Sweeping Bill to Address China Tech Threat, Authorises $190 Billion for Research

The US Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology.The desire for a hard line in dealings with China is one of the few bipartisan sentiments in the deeply divided US Congress, which is narrowly controlled by President Joe Biden's fellow Democrats.The measure authorises about $190 billion (roughly Rs. 13,84,980 crores) for provisions to strengthen US technology and research - and would separately approve spending $54…

Airtel Africa authorises subsidiaries to make donations to political parties, candidates

Airtel Africa resolved at its Annual General Meeting (AGM) that itself and all its subsidiaries “be generally and unconditionally authorized” to give political donations to political parties or independent election candidates, with the sum not surpassing £25,000 (about N12.5 million). The telco heavyweight and its units are also at liberty to make donations not more than that sum to political organisations that are not political parties and “incur political expenditure not exceeding…