News
World’s Richest Man Bezos Completes Successful First Space Jaunt
Jeff Bezos, the world’s richest man, soared about 66.5 miles (107 km) above the Texas desert aboard his company Blue Origin’s New Shepard launch vehicle on Tuesday and returned safely to Earth, a historic suborbital flight that helps to inaugurate a new era of private commercial space tourism.
Jeff Bezos
“Best day ever,” Reuters quoted Bezos as saying after the space capsule touched down, kicking up a cloud of dust on the desert floor.
The 57-year-old American billionaire, wearing a blue flight suit and donning a cowboy hat, was joined by three crewmates for a trip to the edge of space lasting about 10 minutes and 20 seconds.
After landing and exiting the space capsule, Bezos and the other crew members exchanged hugs and popped champagne, spraying each other.
“Astronaut Bezos in my seat – happy, happy, happy,” Bezos said in response to a mission control status check after the crew members buckled back in aboard New Shepard’s capsule following a few minutes of weightlessness in space.
Bezos, founder of ecommerce company Amazon.com Inc, and his brother Mark Bezos, a private equity executive, were joined by two others.
Pioneering female aviator Wally Funk, 82, and recent high school graduate Oliver Daemen, 18, become the oldest and youngest people to reach space.
The fully autonomous 60-foot-tall (18.3-meters-tall) gleaming white spacecraft, with a blue feather design on its side, ignited its BE-3 engines for a liftoff from Blue Origin’s Launch Site One facility about 20 miles (32 km) outside the rural town of Van Horn.
There were generally clear skies with a few patchy clouds on a cool morning for the launch.
The flight came nine days after Briton Richard Branson was aboard his competing space tourism company Virgin Galactic’s successful inaugural suborbital flight from New Mexico.
Bezos gave a thumbs-up sign from inside the capsule after landing on the desert floor.
He stepped out to cheers from family members and Blue Origin employees and gave high-fives to some of the roughly two dozen people on hand.
He founded Blue Origin two decades ago. This was the company’s first crewed flight to space.
New Shepard was designed to hurtle at speeds upwards of 2,200 miles (3,540 km) per hour to an altitude reaching the so-called Kármán line – 62 miles (100 km) – set by an international aeronautics body as defining the boundary between Earth’s atmosphere and space.
After the capsule separated from the booster, the crew unbuckled for the few minutes of weightlessness.
The capsule then returned to Earth under parachutes, using a retro-thrust system that expelled a “pillow of air” for a soft landing.
The mission was part of a fiercely competitive battle between Bezos’ Blue Origin and Branson’s Virgin Galactic to tap a potentially lucrative space tourism market the Swiss bank UBS estimates will be worth $3 billion annually in a decade.
Branson got to space first, but Bezos flew higher – Virgin Galactic managed an altitude of 53 miles (86 km) – in what experts called the world’s first unpiloted space flight with an all-civilian crew.
The flight coincides with the anniversary of Americans Neil Armstrong and Edwin “Buzz” Aldrin becoming the first humans to walk on the moon, on July 20, 1969.
New Shepard is named for Alan Shepard, who in 1961 became the first American in space.
Funk was one of the so-called Mercury 13 group of women who trained to become NASA astronauts in the early 1960s but was passed over because of her gender.
Daemen, Blue Origin’s first paying customer, is set to study physics and innovation management at college in the Netherlands.
His father, who heads investment management firm Somerset Capital Partners, was on site to watch his son fly to space.
New Shepard is a rocket-and-capsule combo that cannot be piloted from inside the spacecraft.
It is completely computer-flown and had none of Blue Origin’s staff astronauts or trained personnel onboard.
Virgin Galactic used a space plane with a pair of pilots onboard.
The reusable Blue Origin booster had previously flown twice to space.
The launch represented another step in the race to establish a space tourism sector that Swiss investment bank UBS estimates will reach $3 billion annually in a decade.
Another billionaire tech mogul, Elon Musk, plans to send an all-civilian crew on a several-day orbital mission on his Crew Dragon capsule in September.
On Twitter, Musk wished the Blue Origin crew “best of luck” hours before the launch.
Blue Origin aims for the first of two more passenger flights this year to happen in September or October.
Bezos has a net worth of $206 billion according to the Bloomberg Billionaires Index.
He stepped down this month as Amazon CEO but remains its executive chairman.
The United Kingdom’s Minister for Africa, Lord Collins of Highbury, has concluded a three-day visit to Nigeria, aimed at reinforcing the UK-Nigeria Strategic Partnership.
He reaffirmed the UK Government’s strong commitment to deepening trade and investment ties between the United Kingdom and Nigeria.
During his visit, Lord Collins met with senior Nigerian government officials, business leaders, civil society representatives and United Nations agencies.
These engagements underlined the UK’s long-term drive to support Nigeria’s prosperity and stability while deepening bilateral cooperation for transformative growth across our shared priorities.
A key highlight of the visit was Lord Collin’s bilateral meeting with Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, in which both parties reaffirmed their unwavering commitment to strengthening economic ties and promoting regional security. The Minister was joined by the UK’s Trade Envoy to Nigeria, Florence Eshalomi MP.
Lord Collins also met with Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, and discussions focused on opportunities to strengthen engagement between UK’s parliament and Nigeria’s National Assembly and the importance of furthering women’s participation in politics.
Speaking on his visit, the UK Government’s Minister for Africa, Lord Collins said: “Nigeria and the UK share a rich, ambitious relationship: one that is deeply rooted in respect.
“Our Strategic Partnership is at the forefront of this, and my visit has focused on how our countries can continue deepening our cooperation on key issues such as trade and investment to drive economic growth and deliver prosperity for us all.”
The Minister held discussions with United Nations representatives on the ongoing reform of the UN system, its implications for Nigeria and how the reform can effectively support those most in need, particularly in Northeast Nigeria, whilst also contributing to global humanitarian efforts.
Lord Collins also met with civil society leaders to discuss electoral integrity and governance reforms, reinforcing the UK’s commitment to democratic values and community empowerment.
He later visited Nigeria’s Anti-Kidnap Fusion Cell: a key security initiative supported by UK expertise through the National Crime Agency and the Integrated Security Fund, which plays a vital role in enhancing local safety and combating serious crime.
Also commenting on the visit, the British High Commissioner to Nigeria, Dr Richard Montgomery, said: “Driving growth is central to the UK’s foreign and development policy. Lord Collins’ visit to Nigeria underscores the UK’s unwavering commitment to deepening our shared prosperity through expanded trade and investment. We are proud to stand alongside Nigeria as it forges a resilient and dynamic economy.”
This visit underscores the UK’s enduring partnership with Nigeria – built on mutual respect, shared goals, and a vision for a prosperous future for both nations.
News
PalmPay Launches CSR Initiatives to Empower Women, Foster Financial Literacy in Northern Nigeria
In a strategic move to expand financial inclusion in Nigeria, leading mobile banking platform, PalmPay has launched a series of CSR programs across Kano and Kaduna. The CSR initiative named “Passing the Baton” represents the brand’s commitment to passing on knowledge and providing the resources individuals and businesses need to achieve financial independence and drive economic empowerment.
This initiative is a bold move by PalmPay to bridge the opportunity gap in the North by providing financial literacy training and micro-business branding support to 5,000 women-owned businesses in Kano and Kaduna. This strategic initiative reaffirms PalmPay’s commitment to inclusive development and economic empowerment, particularly in underserved regions.
“At PalmPay, we believe that real financial inclusion must be far reaching and cover the grassroots,” said Chika Nwosu, Managing Director of PalmPay. “Our new CSR program is focused on supporting gender equity by equipping women with the knowledge, tools, and visibility they need to thrive as entrepreneurs in their communities.”
Through this initiative, beneficiaries will receive free health insurance, hands-on training workshops, enhanced store branding to boost visibility, and branded merchandise to strengthen their business presence.
The initiative is part of PalmPay’s broader strategy to extend its innovative solutions, expand its footprint in Northern Nigeria, while building sustainable partnerships with local stakeholders for long-term impact.
In a show of support, His Royal Highness, the Emir of Kano, Dr. Muhammadu Sanusi II, has endorsed the initiative, calling on other stakeholders to join forces with PalmPay in ensuring the North benefits fully from the growing digital economy. PalmPay has received commendation from community stakeholders, as the initiative aims to serve as a model for similar projects across other northern states.
As PalmPay continues to scale across Nigeria, the company remains committed to bridging the financial inclusion gap and empowering underserved groups, particularly women and youth, through its innovative solutions and impact initiatives.
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