Business
Emirates To Launch onboard Utensils Made From Plastics Waste

By Ocheneyi Alli
Emirates Airline says that it will this month, launch onboard items such as plastic trays, bowls, snack and casserole dishes irecycled from Plastics waste nto fresh, ready-to-use Emirates meal service products.
In a statement to mark this year’s edition of the United Nations World Environment Day with theme, #BeatPlasticPollution, Emirates said that it will introduce the new recycled utensils onboard from June 2023.
The airline recently entered into partnership with deSter FZE UAE, to recycling millions of the onboard used items.
Emirates says that the project is in line with its commitment to consuming responsibly, adding that the new initiative is a transition to the principles of a circular economy, whereby items are reduced, reused, and recycled.
” Millions of old and damaged meal service items from Economy and Premium Economy Class dining will be collected after flights, washed and checked for damage, transported to a facility in Dubai to be ground down, reprocessed, and manufactured into new dishes, bowls and trays – before being sent to Emirates Flight Catering to be used again for thousands of meals in the sky,” said the Airline.
Commenting on the partnership with deSter FZE UAE, Emirates explains that deSter is a leading provider of service ware concepts to the aviation industry, and expert in closed loop manufacturing.
” Emirates will be reusing plastic materials that have already reached their end of life and would otherwise need to be written off.
The new trays, casseroles, snack dishes and bowls, potentially containing around 25% reused material (recyclate), will be brought back into service on aircraft across the globe, and the proportion will continue to increase over time.
” The team at deSter are members of the CE100 network, which includes some of the world’s leading circular economy companies and have also been awarded the ‘Gold’ Sustainability rating from Ecovadis – a globally recognized certification for sustainable practices.
Emirates elected to work with deSter once a facility in UAE was ready to facilitate the huge scale of Emirates’ requirement – substantially reducing the carbon footprint of sending the products to another country to be recycled.
The deSter factory also incorporates sustainable design principles focusing on solar power, efficient use of water and minimization of waste,” it said.
Emirates’ commitment to reducing plastic waste
Emirates Airline is committed to reducing plastic waste and has already implemented several initiatives in addition to the new closed loop recycling project.
Emirates has diverted over 150 million single-use plastic items from landfill each year by replacing plastic straws, inflight retail bags, and stirrers with responsibly sourced paper and wooden alternatives.
Blankets Recycled From Plastic Bottles
Economy and Premium Economy Class passengers can get comfortable with soft blankets onboard, where each blanket is manufactured from 28 recycled plastic bottles.
Over the course of one year, this initiative saves 88 million plastic bottles from landfill.
Emirates’ current range of inflight toy bags, baby amenity kits and plush toys are made from recycled plastic bottles, and over 8 million plastic bottles were repurposed during 12 months of amenity kit production.
The hygiene covers for bowls on Emirates meal trays and plastic tumblers are made from 80% recycled plastic (rPET).
Emirates Economy and Premium Economy amenity kits are made from alternative materials such as kraft paper, rice paper and recycled plastic, reducing the consumption of virgin plastic.
Emirates Cabin Crew segregate glass and plastic bottles for recycling in Dubai, diverting about 500,000 kilograms of plastic and glass from landfill in 2022.”
Business
MTN Group says it’s under US investigation

South African mobile operator MTN Group said Monday it was under US investigation over its activities in Iran and Afghanistan, at a time of icy ties between Washington and Pretoria.
Africa’s biggest telecoms company is already facing court challenges in South Africa by Turkey’s Turkcell, which accuses it of winning the Iranian market through corruption.
In 2006, MTN was chosen over Turkcell to become the 49 percent minority shareholder in Iranian government-controlled mobile phone carrier Irancell.
MTN had been made aware of a US Department of Justice (DoJ) grand jury investigation relating to its former subsidiary in Afghanistan and Irancell, the company said in a statement.
“MTN is cooperating with the DoJ and voluntarily responding to requests for information,” said the statement accompanying the group’s financial results.
Grand juries typically decide whether or not to formally lay charges in a case and take it to trial.
The South African multinational is also facing a court case in the United States from US veterans wounded in Iraq and Afghanistan, as well as relatives of soldiers killed in action, the statement said.
“The plaintiffs’ complaints allege that MTN supported anti-American militias in Iraq and Afghanistan .
Business
UBA Secures N5bn BoI MSME fund for disbursement to key sectors
The facility provides a maximum loan amount of N5 million per obligor, with a three-month moratorium on principal repayments, ensuring businesses have ample time to stabilise before they begin to service the loans.

•GMD/CEO UBA), Oliver Alawuba.
United Bank for Africa (UBA) Plc, has secured a N5 billion loan facility from the Bank of Industry (BOI), to boost key sectors of the economy and support the growth of sustainable and viable businesses in the country, especially the micro, small, and medium enterprises (MSMEs) owned by women.
The facility disbursed through the Federal Government’s MSME Fund, is designed to stimulate key sectors of the economy, while offering affordable financing to support businesses, with a primary focus on Green Energy, Education, Healthcare, and Women-Owned Enterprises.
UBA’s Group Managing Director/CEO, Oliver Alawuba, who spoke about the facility emphasised the bank’s commitment to fostering economic growth by empowering MSMEs, which he described as the “livewire of any developing economy.
He said, “At UBA, we recognize the pivotal role MSMEs play in driving economic development, and how they make up a sizeable portion of what drives our economic growth.
It is in this vein that we have decided not to rest on our oars by facilitating initiatives dedicated to empowering businesses with the financial support they need to thrive.”
Alawuba maintained that, “by offering loans at a competitive 9% interest rate with a three-year tenor, we are removing the traditional barriers that hinder SME growth in Nigeria and Africa. And by this, our message to business owners is simple: Don’t let this once-in-a lifetime-opportunity elude you.
”The facility provides a maximum loan amount of N5 million per obligor, with a three-month moratorium on principal repayments, ensuring businesses have ample time to stabilise before they begin to service the loans.
Business
CPPE Proposes Policy Action to Reduce Food Prices
Dr Muda Yusuf, the Director/CEO of CPPE, noted that while progress has been made in moderating headline and core inflation, the persistence of food and month-on-month price increases highlights unresolved structural weaknesses.

The Centre for the Promotion of Private Enterprise (CPPE) says that a coordinated mix of monetary, fiscal, and structural interventions will be required by the Central Bank of Nigeria, and the Ministry of Finance to consolidate recent drops in inflation and steer the economy toward sustained stability.
CPPE suggested in reaction to the July 2025 inflation reported by the NBS
The headline inflation declined for the fourth consecutive month, easing from 22.22% in June to 21.88% in July, a deceleration of 0.34%Month-on-month food inflation also moderated, falling from 3.25% in June to 3.12% in July, while core inflation posted marginal declines year-on-year (-0.03%) and a sharp slowdown month-on-month, from 3.46% to 0.97%.
Dr Muda Yusuf, the Director/CEO of CPPE, noted that while progress has been made in moderating headline and core inflation, the persistence of food and month-on-month price increases highlights unresolved structural weaknesses.
“The July 2025 inflation figures present a mixed outlook for the Nigerian economy, with notable improvements in key indicators but lingering risks that demand policy attention,” he said.
These developments reflect a gradually stabilising macroeconomic environment, supported by exchange rate stability, improved investor confidence, and the lingering impact of import duty waivers on key staples such as rice, maize, and sorghum.
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