Day: May 9, 2022

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PM reviews new edition of IDSC’s “Strategic Horizons” periodical

Prime Minister Moustafa Madbouli hailed the efforts exerted to prepare a new edition of “Strategic Horizons” periodical which addresses the most important regional and international issues.

The new edition includes visions and analyses of several intellectuals, experts and researchers with regard to these issues, especially the Russian military operation in Ukraine and its impact on the international community, the premier’s assistant Osama Gohari said on Monday.

The fifth edition of the periodical of the Cabinet’s Information and Decision Support Centre (IDSC) is under the title of the future of Europe’s security in light of the Russian-Ukrainian crisis, he added.

This edition will also highlight key issues, like the overpopulation crisis, urban development challenges as well as the role of the civil society in Egypt as a key partner in implementing the state’s economic, social and development strategies in view of President Abdel Fatah El Sisi’s declaration of 2022 as the year of the civil community in Egypt.

 

 

 

 

 

Source: State Information Service Egypt

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EU in Egypt celebrates Europe Day, 45th anniversary of Egypt-EU ties

The EU delegation to Egypt is celebrating “Europe Day”, which is marked on May 9 every year, with holding with a series of activities organized by the EU Delegation and its Member States – in Cairo, Alexandria, and online like a video campaign titled “EU27@COP27”.

A press statement released on Monday by the EU Ambassador in Cairo Christian Berger said: “What does Europe Day tell us? It reminds us of the visionary ideas of European leaders like Robert Schuman to create an ever-deepening Union of sovereign European States to end a millennium of war and bloodshed among the European peoples. This plan, presented in a declaration on 9 May 1950, one day and five years after the end of a world war that had brought suffering and destruction on an unrivalled scale to Europe and far beyond, gave birth to an extraordinary peace project. For this achievement, the EU was awarded the Nobel Peace Prize in 2012.”

“To our shock and dismay, on 24 February this year all-out war returned to Europe. Our neighbour, Ukraine, a sovereign and independent State has found itself subjected to a brutal and unprovoked aggression. Millions of innocent civilians have been forced to flee their country, many killed, maimed, raped or orphaned. ” according to the statement.

“The Russian war is causing unspeakable pain and destruction. It is gravely impacting a global economy still reeling from the pandemic. The EU and its Member States stand with Ukraine.” said the statement.

“And we stand with our partners that are affected by this war. The European Union is making available to countries in the region, particularly those hit by the disruption of grain deliveries, financial support under a dedicated Food and Resilience Facility. In the case of Egypt it is €100 million. This comes just after our support to confront Covid-19, with deliveries from the EU of millions of doses of vaccine to Egypt thus far. Our cooperation with a current active portfolio of well over €1 billion of grants, loans, and investments in Egypt covers every walk of life and hopes to benefit people all over the country in line with Egypt’s Vision 2030.” the statement read.

“2022 is a special year. Five decades ago saw the beginning of a close cooperation between the northern and southern shores of the Mediterranean, 45 years ago our partnership with Egypt. Together we have created profound ties in trade, investment, tourism and people-to-people contacts. We are strategic partners and 2022 will see more high-level visits, and the new Partnership Priorities to guide us in our cooperation.” the statement added.

“2022 is the Year of Youth in Europe and of Civil Society in Egypt; in 2022, Egypt will host COP27, a major international conference dealing with the climate crisis. Youth and Climate will thus be prominent during our EU month. The proud history of Egypt dates back thousands of years, but its population is young. The youth of our countries remind us each day that time is running out to save our planet. As Team Europe, EU Member States, EU Institutions and Banks, we are United for Climate. We are committed to work with the government and the people of Egypt for a safe and peaceful planet, on Europe Day, and every other day. ” added the statement.

 

 

 

Source: State Information Service Egypt

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Sisi asserts importance of military cooperation with US

President Abdel Fattah El Sisi asserted the importance of military cooperation with the US in light of the strategic ties between the two countries which represent a milestone for maintaining the Middle East’s peace and security.

 

Sisi’s remarks came on Monday during his meeting with Commander of the Commander of US Central Command General Michael Kurilla in the presence of Defense Minister Mohamed Zaki, the head of the US military cooperation office, and political advisor to the commander of the US Central Command, Presidential Spokesman Bassam Rady said.

 

Kurilla stressed his keenness to make Egypt his first stop since assuming office, expressing the US full solidarity with Egypt in its efforts to fight terrorism which is the most dangerous challenge, faced by the region.

 

The US administration counts on the Egyptian effective and pivotal role in the Middle East and North Africa region out of President Sisi’s deep understanding of the regional situation and its challenges, Kurilla noted.

 

The US military official extended his condolences over the death of the Armed Forces personnel, who were killed in the recent Sinai terror attack.

 

The meeting tackled ways of boosting the defense and security cooperation between the two countries as well as cooperation in the fields of combating terrorism, joint training, and securing borders.

 

 

 

Source: State Information Service Egypt

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Morocco supports Egypt’s efforts to protect its security

Moroccan Foreign Minister Nasser Bourita stressed his country’s support for all efforts exerted by Egypt to protect its security and stability.

 

Speaking at a joint press conference with Egypt’s Foreign Minister Sameh Shoukry on Monday, Bourita said that Egypt’s security and stability are crucial for Morocco and for the whole Arab World.

 

Bourita, meanwhile, said that he affirmed during today’s meeting Morocco’s condemnation of the deadly terrorist attack that targeted a water lifting station, east of the Suez Canal in Egypt on Saturday.

 

He also affirmed the kingdom’s solidarity with and support for Egypt in taking all necessary measures to protect its security and stability.

 

Extending deep condolences to the Egyptian government, people and the families of the victims, Bourita further wished speedy recovery to those injured in the terrorist attack.

 

During his meeting with Shoukry, Bourita said that he referred to the directives of Moroccan King Mohamed VI

to hold continued consultations and coordination with Egypt on all regional and international issues of mutual concern.

 

He also hailed the ties binding Morocco and Egypt, describing them as “special”, saying that these ties have political, economic and humanitarian dimensions.

 

An agreement has been reached to hold a political consultation mechanism soon and promote economic cooperation in the various spheres, said the Moroccan foreign minister.

 

He further said that an agreement has also been reached to coordinate and hold consultation on pressing regional files.

 

Morocco is keen on Egypt’s regional and national interests, he affirmed.

 

Egypt and Morocco share identical viewpoints toward various issues, he added.

 

 

 

Source: State Information Service Egypt

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Madbouli says priority is currently given to land reclamation

Prime Minister Mostafa Madbouli emphasized the importance of land reclamation and the priority it is given at the current stage, noting that efforts are underway to follow up on the status of projects carried out by the Egyptian Countryside Development Company; with a view to propelling work on agricultural land reclamation projects.

 

The prime minister made the remarks during his meeting on Monday with Chairman of the Egyptian Countryside Development Company Amr Abdel Wahab.

 

During the meeting, Abdel Wahab presented a thorough report on the areas included in projects to develop the Egyptian countryside.

 

The official reviewed the use of those pieces of land in agriculture or other activities, such as livestock and poultry industries, agro-industry, and fish farming.

 

He noted that beneficiaries of such activities include investors, young farmers, in addition to those who have legalized their status.

 

 

Source: State Information Service Egypt

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‫ وقعت Sungrow أكبر اتفاقية توزيع في أستراليا لِـ 2 جيجاوات مع Solar Juice

سيدني, 9 ماي/أيار 2022/PRNewswire/ — وقعت Sungrow، المزود العالمي الرائد لحلول العاكس لمصادر الطاقة المتجددة، عقد لتوريد 2 جيجاوات لعاكسات كهروضوئية ونظام التخزين والبطاريات، إلخ، مع شركة Solar Juice، أحد شركاء التوزيع منذ مدة طويلة في أستراليا. إن سعة 2 جيجاوات تجعل هذا العقد هو الأكبر والأكثر شمولا الذي شهده سوق الطاقة الشمسية الأسترالي على الإطلاق.

2GW Signing Ceremony

تعمل القطاعات السكنية والتجارية والصناعية في أستراليا، كمحرك لنمو سوق الطاقة الشمسية، وستستمر في زيادة انتشار الطاقة الكهروضوئية و أنظمة تخزين الطاقة في المستقبل القريب. مع ملاحظة هذا الاحتمال، بدأت Sungrow و Solar Juice هذا التعاون غير المسبوق لخدمة طلبات العملاء المزدهرة بشكل أفضل. ستقدم Sungrow مجموعة منتجات Solar Juice الكاملة، بما في ذلك المحولات الكهروضوئية وأنظمة التخزين والبطاريات وغيرها من الملحقات، والتي ستوفر العديد من مشاريع الطاقة الشمسية لعملاء C&I الأستراليين.

 “سيساعد إنجاز 2 جيجاوات شركة Sungrow على اقتناص فرص السوق وتعزيز مشاركة العلامة التجارية في أستراليا. كما أنه يمثل دفعة لكلتا العلامتين التجاريتين. من خلال Solar Juice ، سنوفر حلولًا نظيفة وموثوقة ومتجددة لكل عميل”، قال جو تشو، المدير القطري لِـ Sungrow في أستراليا.

وعلق رامي فضة مدير Solar Juice قائلا: “ Sungrow هي شركة رائدة في السوق تتمتع بسمعة طيبة في جودة المنتج وموثوقيته، مدعومة بدعم ممتاز من فريق محلي ناضج.  يسعدنا التعاون مع Sungrow للحصول على مثل هذا العقد الضخم للتوريد والتأكد من أن منتجاتها تخدم العملاء المحليين بشكل جيد “.

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نبذة عن شركة سنغرو Sungrow

شركة Sungrow المحدودة لإمدادات الطاقة (“ Sungrow “) هي شركة رائدة عالميا وصاحبة العلامة التجارية الأكثر موثوقية عالميا في قطاع محوّلات التيار؛ وقد تجاوزت القدرة الإجمالية لمبيعاتها العالمية من المحوّلات 224 جيجاواط في دجنبر/كانون الأول 2021. تأسست الشركة في عام 1997 من قبل الأستاذ الجامعي تساو رينكسيان، وتعد شركة Sungrow هي الرائدة في مجال البحث وتطوير العواكس الشمسية، مع أكبر فريق متخصص في البحث والتطوير في الصناعة ومجموعة المنتجات الواسعة التي توفر حلول لعاكس الألواح الضوئية ونظم تخزين الطاقة لمتطلبات مولدات الطاقة، والتجارية، والمنزلية، فضلًا عن حلول محطة الألواح الضوئية العائمة المعترف بها دوليًا. وبفضل سجل الشركة الحافل والممتد على مدار 25 عامًا في قطاع الطاقة الكهروضوئية، تُستخدم منتجاتها في محطات توليد في أكثر من 150 دولة. لمزيد من المعلومات عن شركة Sungrow ، يُرجى زيارة موقعها الإلكتروني:  www.sungrowpower.com .

نبذة عن Solar Juice

شركة Solar Juice هي شركة أسترالية وموزع بالجملة للألواح الشمسية الكهروضوئية ومحولات الطاقة الشمسية والمكونات وأنظمة الطاقة الشمسية الكاملة. تزود شبكة وطنية من العملاء في كل ولاية وإقليم في أستراليا. لمزيد من المعلومات عن شركة Solar Juice ، يُرجى زيارة موقعها الإلكتروني:  https://solarjuice.com.au/

مصدر الصورة – https://mma.prnewswire.com/media/1812228/image.jpg
مصدر الشعار – https://mma.prnewswire.com/media/1344575/Logo.jpg

 

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Lakemore Partners Appoints Sheila Finnerty as an Independent Board Member

PHOENIX and LONDON and DUBAI, United Arab Emirates, May 9, 2022 /PRNewswire/ — Lakemore Partners Ltd. and its group entities (“Lakemore”), a leading private credit investment firm primarily investing in control CLO equity, today announced it has named Sheila Finnerty, CFA, to its Board of Directors as an Independent Board Member. With more than 30 years of Wall Street experience, Ms. Finnerty is a financial markets thought leader and recognized expert in fixed income, structured credit and financial instruments.

Sheila Finnerty, Independent Board Member, Lakemore Partners

An established global business manager, Ms. Finnerty brings deep credit, investment, product and distribution expertise in the insurance and asset management industries to Lakemore. She most recently served as a founding member of both the Leadership Team and Investment Committee at Liberty Mutual Investments (LMI), where she helped transform its asset management business into an integrated investment platform that nearly doubled in size to $80 billion. In her roles at LMI, including as Head of Credit Strategies and Strategic Initiatives, Ms. Finnerty underwrote and approved public and private market investments while also contributing to LMI’s compensation design and talent strategy. Her many accomplishments include guiding LMI’s ESG team to establish Liberty Mutual as the first U.S. property and casualty insurer to sign to the United Nations Principles for Responsible Investing in 2020.

“We are very pleased to welcome Sheila – a highly qualified business leader and widely respected investor with a proven record of creating and executing effective strategies to achieve consistently strong results that outperform benchmarks and peer groups,” said Ahmed Farid, Chairman and President of Lakemore. “Expanding our Board with Sheila, which closely follows our recent appointment of Howard Tiffen, collectively brings to our Lakemore team two loan and CLO industry veterans, each with more than three decades of leveraged finance investment and asset management experience.”

Ms. Finnerty currently holds various board and professional association positions, including as an Independent Director and Audit Committee Member at TCW Direct Lending VIII LLC; Investment Committee Chair, Finance Committee, Governance and Nominating Committee at Manhattanville College Board of Trustees; Philanthropy Committee Member at May Institute; and as a Founding Member of Women in Alternative Debt.

“I’m excited for the opportunity to join Lakemore’s Board of Directors and am confident my expertise in capital markets, financial instruments, private credit and private equity will bring value to both the firm and its global investors,” said Sheila Finnerty. “I look forward to leveraging decades of experience as a steward of both capital and people, while identifying new ways to diversify exposures and grow asset value.”

Previously, Ms. Finnerty held multiple positions at Morgan Stanley Investment Management, including Managing Director and Division Head, High Yield Bonds and Leveraged Loans, where she led the turnaround of the High Yield business into a top performer. She served on the leadership team, providing strategic planning for the asset management business, and regularly interacted with the Morgan Stanley Fund Board of Directors to review strategy and performance, as well as being responsible for the fund governance process. She began her career at Presidential Life Insurance Company and Shearson Lehman Global Asset Management. Ms. Finnerty holds an MBA from New York University Stern School of Business and a BA in Management from Manhattanville College. She is also a CFA® Institute Charter Holder.

About Lakemore Partners

Lakemore is a leading private credit investment firm primarily investing in control CLO equity. Serving as a partner of choice for global top-tier collateral managers in the CLO market who are aligned to the firm’s portfolio management style and risk appetite, Lakemore aims to deliver attractive returns by leveraging the extensive expertise of its dedicated team and by investing within its well-defined framework of cycle-aligned risk allocation. Founded in 2016, Lakemore has offices in Phoenix, London and Dubai. Lakemore’s mission focuses on providing sustainable and reliable income, with the firm currently managing US$1.2 billion in credit assets under management, the majority of which is from institutional clients. For more information, please visit www.lakemore.com.

Lakemore Partners Ltd. is the group parent and is domiciled in the Cayman Islands. Lakemore Partners Management US LLC and Lakemore Partners (UK) Ltd. are registered with the U.S. Securities & Exchange Commission as investment advisers (RIA). Lakemore Partners (UK) Ltd. (FRN: 837603) is also an appointed representative of Kroll Securities Ltd. (FRN: 466588), which is authorized and regulated by the Financial Conduct Authority. Lakemore Partners (DIFC) Ltd. is regulated by the Dubai Financial Services Authority. Lakemore Partners Management US LLC, Lakemore Partners (UK) Ltd., and Lakemore Partners (DIFC) Ltd. are wholly owned subsidiaries of Lakemore Partners Ltd.

Media contacts:
Doug Allen/Josh Gerth
Dukas Linden Public Relations
[email protected]
+1 (646) 722-6530

Photo – https://mma.prnewswire.com/media/1809551/Sheila_Finnerty.jpg

Logo – https://mma.prnewswire.com/media/1587091/Lakemore_LOGO.jpg

 

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$BioFi Ecosystem Announcement – Biometric Financial (BioFi) Announces a New Integration Partnership with Tel Solutions Africa LTD

$BioFi Safeguards Your Personal data while Leveraging the Blockchain and Decentralized Web 3.0 services

WELDON SPRING, MO / ACCESSWIRE / May 9, 2022 / Biometric Financial (BioFi), an innovative ecosystem and TelSolutions Africa LTD, owner of the BroadSpectrum mobile money platform announce today an integration partnership that will combine BioFi biometrics into the BroadSpectrum mobile money platform, and include Tel Solutions as an official Provider in the Biometric Financial ecosystem.

The BroadSpectrum mobile money platform serves a community size of approximately 2.5 million users across Ghana, with a further reach of 12 million potential users across the African continent. The BioFi biometric solution will be utilized to authenticate participants on the BroadSpectrum platform, while leveraging the $BioFi token as the method of payment for authentication services.

Tel Solutions will also be appointed as official distributor of the Phenix X1 smartphone for the Western region in Africa, including sales and electronic distribution of the UniSafeBox password manager.acces1

The BioFi project represents a Utility Token and a secure set of solutions that leverages biometric security to provide decentralized finance (DeFi) products and services riding on the blockchain. The Phenix X1 smartphone is designed with a highly secure area to protect against fraudsters and to ensure security when running financial apps, transacting online, mining cryptocurrencies, and storing digital assets. UniSafeBox combines biometric encryption technology with blockchain hashing algorithms to secure passwords and a wide array of personal sensitive information.

The Broadspectrum mobile money platform provides the right infrastructure that gives clients a choice on how to manage and use their money to do more. It also helps the client to avoid disconnections and disruptions using reminders of payments due and updates on expenditure. It is a powerful and robust African payment platform which enables clients to also track expenses, save, and access loans from the comfort of their phone.acces-2

Brian Maw, CEO and Co-Founder of Finnovant, Inc., stated, “I am very excited for this partnership as the BioFi team and TelSolutions share the values of helping make the lives of customers better by creating simple, user-friendly access to a range of utility and secure solutions.”

Providers of the BioFi ecosystem can integrate easily with biometric API’s, highlighting the unique utility advantage that the entire service can bring.  The Biometric Financial website showcases many examples of utility currently available or in development, while providing services to tens of thousands of users globally.

BioFi is truly global in nature, not bound by a single language or territory, and designed to be user friendly with the added benefit of helping people feel more secure as access is tied to them individually.acces-3

Biometric Financial website:  https://biometricfinancial.org/home/

“The TSA digital payments aggregator platform provides the right infrastructure that gives clients a choice on how to manage and use their money to do more with convenience,” says Maxwell Dodd, COO at TelSolutions Africa, Ltd. “Our partnership with Finnovant will add best-in-class biometric security to our highly acclaimed platform, delivering greater security while maintaining ease of use.”acces-4

About FINNOVANT

Finnovant Inc. was founded with the vision of helping business leaders dramatically improve the way they interact with their critical information and customers. Our focus is on developing emerging technologies with secure blockchain solutions in the areas of Financial Services, Governance, IoT, Healthcare, and more and improving digital security for our customers. Finnovant provides biometric authentication which helps thwart Identity Theft and Fraud.

Follow the company at Finnovant.com, Twitter, LinkedIn , Facebook, Instagram, Telegram, Discord

Chris Benedict
Finnovant, Inc.
1-844-724-8911
[email protected]acces-5

About TELSOLUTIONS AFRICA LTD

Tel Solutions Africa is positioned with the right leadership with the knowledge and skill to launch and drive penetration of digital and M2M solutions. Founded in 2017 by former Airtel and Vodafone Telecom executives, offering communication solutions, Fintech and mobile money solutions, and serving as a manufacturer’s rep for Western Africa.

Maxwell Dodd
Tel Solutions Africa
+233 (0) 26 600 0014
[email protected]
https://broadspectrumdigitalpayments.com/

SOURCE: Finnovant Inc.