Daily Archives: April 14, 2016

Kaxu Solar One announces 15 Million ZAR loan program for small businesses in the Khai Ma Community, Northern Cape, South Africa

POFADDER, South Africa, April 14, 2016 (GLOBE NEWSWIRE) — Kaxu Solar One, the solar plant located in Northen Cape, has reached an agreement with the Small Enterprise Finance Agency (SEFA) to launch a loan program to support small businesses with a capital base of ZAR 15 million. This initiative is part of the socioeconomic and enterprise development program (SEED+ program) that Kaxu Solar One is running in the Khai Ma community (providing support to Pofadder, Pella, Onseepkans and Witbank) as part of its Economic Development Obligations (EDO) under the Renewable Energy Idependent Power Producer Procurement Program (REIPPPP) and represents an important milestone in fostering economic development for isolated communities.

Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/9bc8c4a6-c7d2-444c-b702-373c7ac4fa1d

http://www.globenewswire.com/NewsRoom/AttachmentNg/546a74c9-82a9-4698-aba9-6e78c6694d3e

Additional information accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/7bf85343-1ded-4585-a81a-a775cf9a33a5

Kaxu Solar One has enrolled more than one hundred small businesses in the SEED+ Program in its first year of existence. This fund aims to improve the situation of lack of access to financial institutions for local businesses, which is currently, among others constraining their growth.

SEFA is a state owned enterprise that provides wholesale and retail loans products in order to develop small businesses. It provides lending facilities to intermediaries for lending to micro, small and medium sized businesses. SEFA also has a direct lending division that processes loans up to ZAR 5 million for start-up finance, asset finance, working capital, term loans and bridging finance for small and medium sized businesses.

The Fund will be managed by Siza Capital, a microfinance institution that supports livelihood improvement among the poor and low- income communities in South Africa, with the required experience and knowledge for lending to SMEs. Kaxu Solar One will launch training and mentoring programs that will support the management capabilities of the beneficiaries.

The SEED+ programme focuses its efforts in six different areas: access to funding, business training, promotion of local businesses through institutions and organizations on the economic development side, education, infrastructure and social protection.

About Kaxu Solar One

KaXu Solar One is a solar power plant in South Africa, based 30 km north-east of Pofadder in the Northern Cape. Kaxu Solar One is owned by Atlantica Yield, Industrial Development Corporation (IDC) and Kaxu Community Trust.

Established in 1940, the IDC is a national development finance institution set up to promote economic growth and industrial development. They are owned by the South African government under the supervision of the Economic Development Department. IDC promotes entrepreneurship through the building of competitive industries and enterprises based on sound business principles.

Atlantica Yield is the corporate brand for Abengoa Yield plc, a total return company that owns a diversified portfolio of contracted renewable energy, power generation, electric transmission and water assets in North & South America, and certain markets in EMEA (www.atlanticayield.com).

Kaxu General Manager

Thorsten Rauch
E thorsten.rauch@abengoa.com
T +27 54 33 11 838

Artwork Wanted for the 7th Beijing International Art Biennale

Artwork Wanted for the 7th Beijing International Art Biennale

BEIJING, April 14, 2016 /PRNewswire/ — The 7th Beijing International Art Biennale (“Beijing Biennale”) with its theme “The Silk Road and World’s Civilizations” will be held from September 24 to October 15, 2017 (to be determined) at the National Art Museum of China. We welcome artists from all over the world to submit their applications.

Beijing Biennale was initiated in 2003 and has been successfully held six times. The participating countries have increased from 45 to 96, the participating artists have totaled more than 3,600 and there have been more than 1 million visitors over the past 10 years. As a platform for international cultural exchanges, Beijing Biennale adopts the cooperative mode of the Chinese curatorial committee and the international curators, and it was praised as the biggest art biennale mainly consisting of paintings and sculptures.

Participation Guide

I. Participation Requirements: The works to be exhibited should be mainly composed of paintings and sculptures. However, a certain amount of video and installation works is also acceptable. For the specific requirements of size and weight of the works, please visit http://www.bjbiennale.com.cn/en/program.aspx to see the regulation of the 7th Beijing Biennale. Artists may apply to the Beijing Biennale freely with no registration or participating fee.

II. Participation Method: All artists should each submit the photos within 3 works (completed within the last 5 years) to the Curatorial Committee for selection and should send Registration Form for Participating Artists and Caption of Works for the 7th Beijing International Art Biennale, China 2017. To download the forms from the website of the Beijing Biennale, visitwww.bjbiennale.com.cn. The deadline is December 25, 2016.

III. Rights and Obligations: The Organizing Committee covers the cost of round-trip transportation of foreign works. The participating artists should cover the cost of round-trip insurance of transportation by themselves for their works. The Organizing Committee will be responsible for the insurance of the works during the exhibition. The Organizing Committee of Beijing Biennale will hold an opening ceremony, international symposium, and cover 4 days’ accommodations in Beijing for selected foreign artists who participate in the symposium. Each participating artist will have 2 catalogues. For all other requirements, please visithttp://www.bjbiennale.com.cn/en/program.aspx.

All application forms need to be mailed to the following address:

Beijing Biennale Office of China Artists Association
B1701, Building 32, 1 Beishatan
Chaoyang District, Beijing, China
100083