Category: English

Source: APO – Report:

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• Revenue expected to improve 20% over the next 3 years to $5B (at mid-point) 
• Adjusted earnings per share (EPS) expected to grow 30% over the next 3 years to $2.30 (at mid-point) 
• Digital first strategy to create a global two-sided financial services network 
• Consumer Services is expected to continue double-digit revenue growth 

The Western Union Company (NYSE: WU) (“Western Union” or the “Company”) (www.WesternUnion.com) will host an Investor Day event in New York City today at 1:00 p.m. EST. The previously announced event will feature a presentation from Western Union’s executive management team and an overview of the Company’s strategic outlook and growth plans. The Company is also providing its medium-term outlook. 

“Our vision is for Western Union to make financial services accessible to people everywhere,” said Devin McGranahan, President and CEO of Western Union. “Over the past three years, we have evolved to become a digital-first company, enabled by our retail network, serving customers beyond remittance, all powered by our market-leading platform.” 

“Looking ahead,” McGranahan continued, “we expect revenue to improve 20% to $5 billion by 2028. We have a clear, digital-first strategy, driving growth across channels, geographies and products to best meet our customers’ growing financial needs.” 

Three-Year Financial Outlook  

Today, the Company will share the foundation for the next chapter in Western Union’s evolution: Beyond. Beyond what customers and agents expect and Beyond traditional definitions of consumer remittances, including an expansion of its Digital Asset Network and its USDPT stablecoin strategy. Western Union will provide its medium-term financial outlook reflecting its new long-term strategy. The Company expects the following in 2028: 

2028 Outlook Range
Revenue	$4.8 – $5.3 billion
Adjusted EPS*	$2.15 – $2.45

2025 Investor Day Webcast 

The event will begin on November 6, 2025, at 1:00 p.m. Eastern Time and conclude at approximately 4:00 p.m. Eastern Time. A live webcast and presentation will be available at https://IR.WesternUnion.com. Registration for the event is required, so please register at least 15 minutes prior to the scheduled start time. A webcast replay will be available after the event. 

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– on behalf of Western Union Holdings, Inc..

Safe Harbor Compliance Statement for Forward-Looking Statements: 
This press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. Actual outcomes and results may differ materially from those expressed in, or implied by, our forward-looking statements. Words such as “expects,” “intends,” “targets,” “anticipates,” “believes,” “estimates,” “guides,” “provides guidance,” “provides outlook,” “projects,” “designed to,” and other similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would,” “could,” and “might” are intended to identify such forward-looking statements. Readers of this press release of The Western Union Company (the “Company,” “Western Union,” “we,” “our,” or “us”) should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed in the Risk Factors section of our Annual Report on Form 10-K for the year ended December 31, 2024, and in our subsequent filings with the Securities and Exchange Commission. The statements are only as of the date they are made, and the Company undertakes no obligation to update any forward-looking statement. 

Possible events or factors that could cause results or performance to differ materially from those expressed in our forward- looking statements include the following: changes in economic conditions, trade disruptions, or significantly slower growth or declines in the money transfer, payment service, and other markets in which we operate; interruptions in migration patterns or other events, such as public health emergencies, any changes arising as a result of policy changes in the United States and/or other key markets, civil unrest, war, terrorism, natural disasters, or non-performance by our banks, lenders, insurers, or other financial services providers; failure to compete effectively in the money transfer and payment service industry, including among other things, with respect to digital, mobile and internet-based services, card associations, and card-based payment providers, and with digital currencies, including cryptocurrencies; geopolitical tensions, political conditions and related actions, including trade restrictions, tariffs, and government sanctions; deterioration in customer confidence in our business; failure to maintain our agent network and business relationships; our ability to adopt new technology; the failure to realize anticipated financial benefits from mergers, acquisitions and divestitures; decisions to change our business mix; exposure to foreign exchange rates; changes in tax laws, or their interpretation, and unfavorable resolution of tax contingencies; cybersecurity incidents involving any of our systems or those of our vendors or other third parties; cessation of or defects in various services provided to us by third-party vendors; our ability to realize the anticipated benefits from restructuring-related initiatives; our ability to attract and retain qualified key employees; failure to manage credit and fraud risks presented by our agents, clients, and consumers; adverse rating actions by credit rating agencies; our ability to protect our intellectual property rights, and to defend ourselves against potential intellectual property infringement claims; material changes in the market value or liquidity of securities that we hold; restrictions imposed by our debt obligations; liabilities or loss of business resulting from a failure by us, our agents, or their subagents to comply with laws and regulations and regulatory or judicial interpretations thereof; increased costs or loss of business due to regulatory initiatives and changes in laws, regulations, and industry practices and standards; developments resulting from governmental investigations and consent agreements with, or investigations or enforcement actions by, regulators and other government authorities; liabilities resulting from litigation; failure to comply with regulations and evolving industry standards regarding data privacy; failure to comply with consumer protection laws; effects of unclaimed property laws or their interpretation or the enforcement thereof; failure to comply with working capital requirements; changes in accounting standards, rules and interpretations; and other unanticipated events and management’s ability to identify and manage these and other risks. 

Contacts: 
Investor Relations: 
Tom Hadley 
WesternUnion.IR@westernunion.com

Media Relations: 
Amanda Demarest 
media@westernunion.com

About Western Union: 
The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and over 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.WesternUnion.com. 

Source: APO

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The classroom of the Physiotherapy Department for Visually Impaired Students at the Higher School of Health Sciences and Techniques of Tunis (École Supérieure des Sciences et Techniques de la Santé de Tunis – ESSTST), affiliated with the University of El Manar in the capital city of Tunisia, has been renovated and equipped by the Turkish Cooperation and Coordination Agency (TİKA).

Within the scope of the project, the classroom belonging to the Physiotherapy Department for Visually Impaired Students – the first academic unit of its kind established in Africa – was renovated and reorganized in line with modern educational standards. The classroom was designed to be fully accessible for visually impaired students and furnished with essential physiotherapy training equipment. The project provided materials such as human skeleton and muscular system models, posture analysis tools, exercise bands and straps, physiotherapy tables, hot and cold therapy equipment, electrotherapy devices, and Braille reading and writing devices.

Established in 1965, ESSTST is one of Tunisia’s leading institutions in the field of public health, contributing significantly to the training of professional healthcare personnel. Since its establishment, the Physiotherapy Department for Visually Impaired Students has graduated a total of 743 students with varying degrees of visual impairment from Tunisia, other African countries, and the Middle East.

Thanks to the newly equipped classroom, approximately 50 students will benefit from hands-on training with modern tools each year, aiming to enhance their professional competencies and employability. The project promotes equal opportunities for disadvantaged groups and supports the social and economic inclusion of visually impaired youth.

TİKA continues to contribute to local development in Tunisia through projects aimed at strengthening inclusiveness in education, supporting youth employability, and empowering disadvantaged groups in line with the country’s development priorities.

Distributed by APO Group on behalf of Turkish Cooperation and Coordination Agency (TIKA).

Source: APO

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The Ad Hoc Committee investigating allegations made by the SAPS KwaZulu-Natal Provincial Head, Lt Gen Nhlanhla Mkhwanazi, has concluded hearing evidence from the Investigating Directorate Against Corruption (IDAC), led by Adv Andrea Johnson.

Adv Johnson’s testimony covered issues including alleged corruption in SAPS procurement processes, the role of Crime Intelligence (CI) within the criminal justice system, allegations made by Lt Gen Mkhwanazi against IDAC, the charges against General Dumisani Khumalo, and the referral of cases involving CI officials to IDAC.

Adv Johnson also addressed allegations concerning Mr Brian Padayachee, her husband’s employment within CI, and ongoing IDAC investigations into Mr Vusimuzi “Cat” Matlala.

Committee members questioned Adv Johnson about her reference to “insinuations pertaining to the husband of the Head of IDAC working for CI,” a matter first raised during testimony by former Minister of Police, General Bheki Cele. Members further sought clarity on her involvement in the interview panel that appointed her husband.

Adv Johnson said the insinuations were intended to cast doubt on IDAC’s integrity in the arrests of General Khumalo and his CI colleagues. She explained that while her husband serves in CI at the rank of Brigadier, they do not discuss work-related matters due to the sensitive nature of their respective roles. Furthermore, she said they always maintained professional boundaries to protect the integrity of their work. However, she acknowledged that, in hindsight, she should have recused herself completely from her husband’s interview process.

Committee members also questioned Adv Johnson extensively about the arrests of General Khumalo and other CI officials. She rejected General Mkhwanazi’s claim that IDAC’s actions were intended to disrupt the Political Killings Task Team (PKTT), noting that IDAC only became aware of General Khumalo’s role as PKTT coordinator on 6 July 2025.

Adv Johnson said cases referred by Mr Adams revealed how the Head of CI and senior managers allegedly manipulated systems for private gain. She said evidence shows that General Khumalo and his co-accused strategically placed individuals within CI to unlawfully access funding. Their token appointments did not prevent these acts, as IDAC found when reviewing the matter holistically.

It was reported that Mr Adams possessed classified information, and the circumstances under which he obtained this information were not explained. The committee further noted that it had not received all relevant documents related to these investigations and requested that the outstanding information be submitted as soon as possible.

On the investigation into Mr Vusimuzi “Cat” Matlala, Adv Johnson told the committee that IDAC received a referral from SAPS on 16 February 2025 to probe alleged corruption in a SAPS tender awarded to Mr Matlala. She added that General Mkhwanazi’s public claims had compromised the confidentiality of this ongoing investigation. She said the 6 July 2025 media exposé has forced IDAC to make certain disclosures despite the potential risks to the investigation.

Committee members further engaged Adv Johnson on the absence of an oversight mechanism for IDAC’s operations. She informed to the committee that President Cyril Ramaphosa had appointed retired Judge Takalani Joseph Raulinga as IDAC Inspecting Judge on 11 October 2025 for a five-year term.

The committee will reconvene on Tuesday, 11 November 2025, to hear evidence from the Head of the National Prosecuting Authority, Adv Shamila Batohi.

ISSUED BY THE PARLIAMENTARY COMMUNICATION SERVICES ON BEHALF OF THE CHAIRPERSON OF THE AD HOC COMMITTEE INVESTIGATING ALLEGATIONS MADE BY THE SAPS KWAZULU-NATAL PROVINCIAL HEAD, LT GEN NHLANHLA MKHWANAZI, HON MOLAPI SOVIET LEKGANYANE

For media inquiries or interviews with the Chairperson, please contact the committee’s Media Officer:

Name: Malentsoe Magwagwa (Ms)
Cell: 081 716 5824
E-mail: mmagwagwa@parliament.gov.za

Distributed by APO Group on behalf of Republic of South Africa: The Parliament.

Source: APO

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In rural Zimbabwe, where dry riverbeds once marked the end of each farming season, a silent agricultural revolution is underway. Solar-powered irrigation, satellite analytics, digital advisory tools, and science-based food safety solutions are redefining how smallholder farmers grow food, access markets, and build resilience. With support from the Government of Zimbabwe, the European Union (EU), the Fleming Fund, the African Development Bank (AfDB) and the AFC Land and Development Bank (AFC) and technical leadership and support from the Food and Agriculture Organization of the United Nations (FAO), transformative innovations are moving from pilots to practice, reshaping lives and landscapes.

Unlocking Water: Turning dry riverbeds into lifelines

For years, farmers in semi-arid regions faced seasonal production due to drying dams and erratic rainfall. With support from the EU, solar-powered irrigation systems combined with sand-abstraction technology — which taps hidden water beneath dry riverbeds — are now restoring year-round agriculture. These systems reduce labour, save energy, conserve water, and significantly increase yields. “We used to watch our dam dry up every year. Now, we grow crops all year round,” shared David Ndou, Chairperson at Sivuli irrigation scheme.

Grounded in indigenous knowledge systems and enhanced by modern engineering, this approach demonstrates how local solutions integrated with technology can deliver climate resilience and commercial potential.

Digital Villages Initiative: Connecting farmers to the future

Innovation in Zimbabwe stretches beyond water systems. Through FAO’s Digital Villages initiative, rural farmers are gaining access to digital identities, geo-referenced advisory services, mobile market platforms, AI-enabled crop insights, and agricultural information systems. More than 5 000 farmers — especially women — have already benefited from digital literacy and service access, enabling them to make informed decisions and connect to markets.

Women farmers are actively investing in smartphones to participate more fully in digital agriculture. “We are seeing women buying smartphones because they now see direct value through better extension support and market access,” noted lead farmer Sheyi Kahushe. This shift marks a major step toward bridging rural digital divides and accelerating inclusive growth.

Satellite-Powered Insights: A new era of data-driven agrifood systems

FAO’s Earth Observation for Agricultural Statistics (EOSTAT) is helping Zimbabwe harness satellite data to generate timely, reliable crop and yield estimates, achieving over 80 percent accuracy. The system tracks droughts and floods in real time, strengthening early warning and enabling faster, evidence-based responses to protect food security.

The initiative is also building national capacity by training specialists from the Zimbabwe Space Agency, National University of Science and Technology, and other key institutions in advanced geospatial analysis.

According to Hillary Mugiyo, Early Warning Specialist in the Ministry’s Agricultural and Rural Development Advisory Services Directorate, “EOSTAT is modernizing agricultural monitoring through digital innovation and driving Zimbabwe’s shift toward data-driven, climate-smart agriculture.”

Financing Resilience: Seed Revolving Fund boosts wheat and maize production

To enhance efficiency, transparency, and accessibility in agriculture finance and input supply systems, FAO in partnership with AfDB and AFC Land Bank has introduced digital solutions into the loan management system. AFC now uses an e-voucher platform to enable farmers to access and receive inputs from suppliers, while the system tracks loan disbursement, repayment, and utilization in real time. This technology ensures that funds reach the intended beneficiaries quickly, reduces administrative delays, and allows both FAO and the AFC Land Bank to monitor progress and respond promptly to challenges. By combining digital loan management with traditional financing mechanisms, the programme is not only scaling production but also modernizing agricultural finance, making it more accountable, inclusive, and farmer friendly.

This support facilitated the cultivation of over 17 000 hectares of winter wheat and 72 000 hectares of maize under the Seed Revolving Fund; a milestone aligned with Zimbabwe’s efforts to achieve wheat self-sufficiency and enhance food security.

Safer Food Systems: Combating Antimicrobial Resistance (AMR)

With support from the Fleming Fund and the AMR Multi-Partner Trust Fund, FAO is helping Zimbabwe modernize its food safety systems by rehabilitating 14 sentinel laboratories and promoting responsible antibiotic use in livestock production.

The upgraded labs now provide real-time data on resistant bacteria—helping detect outbreaks faster, guide treatment, and shape stronger health policies. Farmers, meanwhile, are adopting better hygiene, biosecurity, and animal care practices, reducing reliance on antibiotics.

These efforts are protecting consumers, safeguarding vital medicines, and reinforcing the One Health approach that connects human, animal, and environmental wellbeing. Paving the way for a safer, more resilient agrifood system.

Innovation in Action

“Innovation is more than an idea – it is action and collaboration that delivers impact,” said Tendai Munyokoveri, Assistant FAO Representative – Programmes. “In Zimbabwe, we are showcasing solutions that work, partnerships that deliver, and ideas that grow into meaningful change.”

From sand-abstracted water and solar power to satellite intelligence and mobile-enabled advisory services, Zimbabwe’s transformation demonstrates how integrated innovation can accelerate food systems resilience. With continued investment, public–private partnerships, and community-driven leadership, these solutions offer replicable pathways for climate-smart, digitally-enabled agriculture across Africa and beyond.

Distributed by APO Group on behalf of Food and Agriculture Organization of the United Nations (FAO): Regional Office for Africa.

Source: APO

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African Export-import Bank (Afreximbank) (www.Afreximbank.com) has extended a US$ 36.4-million contract financing facility to Egypt’s SAMCO-National Construction Company (SAMCO) for the construction of the Akii Bua Olympic Stadium in Uganda.

The Akii Bua Olympic Stadium, located in Lira, Uganda, is expected to host some of the 2027 Africa Cup of Nations (AFCON) games which Uganda is co-hosting with its East African neighbours Kenya and Tanzania in a joint bid.

The US$ 36.4-million facility, granted under Afreximbank’s Engineering, Procurement and Construction (EPC) programme, which supports African EPC companies to bid for large-scale contracts in African countries, is expected to be used to finance and support SAMCO in the design, construction and development of the stadium project and in the acquisition of essential components required for the successful execution of the project.

Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development at Afreximbank signed the facility agreement on behalf of Afreximbank during a ceremony held in Cairo on 29 October while Engineer Sameh Soliman, Chairman of SAMCO, signed for his company.

Commenting on the facility, Mrs. Awani, said that the deal reflected Afreximbank’s deep commitment to empowering local capacity in the execution of large-scale and complex infrastructure developments.

“We are pleased to support an African EPC company as part of Afreximbank’s EPC initiative, and to finance the construction of a state-of-the-art stadium, further aligning with our creative / sports strategy in one of our member countries (Uganda). Through this initiative, we aim to foster sustainable economic growth, enhance regional infrastructure and facilitate the hosting of CAF and FIFA- approved sports events that will contribute to Uganda’s social and economic advancement,” stated Mrs. Awani.

On his part, Engineer Sameh Soliman, Chairman of SAMCO, said: “We value Afreximbank’s partnership and support in this landmark project. This collaboration reinforces our strategic commitment to expanding our presence across Africa and strengthening our role in delivering impactful infrastructure solutions. We look forward to a long-term and mutually beneficial relationship with the Bank, driving growth and sustainable development across the continent.”

The development of the Akii Bua Olympic Stadium is expected to greatly promote sports in Uganda and to engender regional integration and tourism in East Africa while supporting infrastructure development. It will also strengthen the government’s sports and infrastructure agenda, enhancing the country’s capacity to host CAF- and FIFA-approved events and contributing to national pride, youth engagement and economic diversification.

The project will help consolidate SAMCO’s position as a leading African contractor capable of executing large-scale, government-backed projects across the continent. The financing facility supports SAMCO in expanding its operations across Africa.

Additionally, the project is anticipated to catalyse local economic growth by generating employment opportunities during the construction and operational phases, stimulating local supply chains and attracting international events that will enhance Uganda’s global visibility.

The 2027 AFCON games will mark the first time the continental tournament will be hosted in East Africa since 1976.

Distributed by APO Group on behalf of Afreximbank.

Media Contact:
Vincent Musumba
Communications and Events Manager (Media Relations)
Email: press@afreximbank.com

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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com