Monthly Archives: July 2018

PhosAgro and Growthpoint Properties Among Big Winners on Institutional Investor’s Inaugural Emerging EMEA Executive Team Ranking

NEW YORK, July 12, 2018 (GLOBE NEWSWIRE) — PhosAgro and Growthpoint Properties are among several notable firms that took home leading positions across their respective sectors in Institutional Investor’s inaugural ranking of the region’s best chief executives, top CFOs, investor relations professionals, and investor relations companies.

More than 500 buy-side analysts, asset managers, and sell-side researchers at nearly 300 firms, managing an estimated $272 billion in equities in Emerging EMEA named the best chief executives, top CFOs, investor relations professionals, and investor relations companies across 12 business sectors.

Buy-side analysts, money managers and sell-side researchers at securities firms and financial institutions that cover the region identified up to four companies that excel in up to ten investor relations attributes including:

  • Senior executives are accessible
  • IR team is well informed and empowered to speak authoritatively on the company’s behalf
  • Timely and appropriate level of financial disclosure
  • Responds quickly and thoroughly to requests
  • Most constructive conference calls
  • Highest quality of meetings through road shows/reversed road shows/conferences
  • Highest quality of corporate documents and investor kit materials
  • Best commitment to corporate governance
  • Delivers insight and useful reports on ESG/SRI metrics
  • Best website

“Investing in Emerging EMEA is not for the fainthearted, with economic and geopolitical uncertainties amongst some of the many challenges,” said Amani Korayeim, Director Sales and Product Development All-EMEA. “But in Institutional Investor’s inaugural survey of the global investment community, a strong phalanx of companies and leaders emerge who are excelling at cutting through the challenges, and sharing their companies’ vision and strategy with investors.” She adds, “Perhaps most encouraging, is the array of sectors and countries represented, from Russia to Egypt, Oil and Gas to Constructions & Real Estate all featuring strongly, suggesting that it really is the excellence of the teams in place to navigate through the uncertainty and engage investors. And lastly, in the absence of an objective quality measure of IR but an increasingly institutionalized IR function in the region, the Emerging EMEA Executive Team Survey results of Institutional Investor, will provide an independent vehicle to inform and benchmark companies’ IR strategy and continue to help optimize their outreach.”

Top Performing Companies and their Sectors Include:

PhosAgro (Russia) Chemicals
Growthpoint Properties (South Africa) Construction & Real Estate
Lenta (Russia) Consumer
Sberbank of Russia (Russia) Financials
NMC Health (United Arab Emirates) Health Care & Pharmaceuticals
El Sewedy Electric Co. (Egypt) Industrials
Severstal (Russia) Metals & Mining
Novatek (Russia) Oil & Gas
Mondi (South Africa) Paper & Forestry
Yandex (Russia) Technology, Media & Telecommunications
Aeroflot (Russia) Transportation
CEZ (Czech Republic) Utilities

Top Performing CEOs and their Sectors Include:

Christopher Griffith Anglo American Platinum (South Africa)
Mohamed Shameel Aziz-Joosub Vodacom Group (South Africa)
Mustafa Sani Şener TAV Havalimanlari Holding (Turkey)
Carlo Palasciano Villamagna Enel Russia (Russia)

Top Performing CFOs and their Sectors Include:

Paul Victor Sasol (South Africa)
Khaled Hassan Cleopatra Hospital Co. (Egypt)
Mustafa Gorkem Elverici Turkiye Sise ve Cam Fabrikalari (Turkey)
Mikhail Stiskin Polyus (Russia)
Alexey Kornya Mobile TeleSystems (Russia)

For the full list of published winners, please visit www.institutionalinvestor.com.

A total of 473 companies were nominated in this year’s Emerging EMEA Executive Team rankings. Of those companies, 36 scored high enough to earn the distinction of Most Honored Company in the full sector rankings and 64 earned the Honored Company distinction.

For more information, please contact Amani Korayeim at amani.korayeim@institutionalinvestor.com  or + 44 207 779 8535.

To share your success in your website content, advertisements, communications, and marketing collateral, please contact PARS International Corp. online at www.ii-licensing.com

About Institutional Investor
For 51 years Institutional Investor has consistently distinguished itself among the world’s foremost media companies with groundbreaking journalism and incisive writing that provides essential intelligence for a global audience. In addition, Institutional Investor offers a host of proprietary research and rankings that serve as respected industry benchmarks. For more information visit institutionalinvestor.com.

RAMAPHOSA: AFRICAN EXIM BANK AN INSPIRATION FOR AFRICA

ABUJA, South African President Cyril Ramaphosa says the 25th Anniversary of the African Export-lmport Bank (Afreximbank) serves as an inspiration to what the continent can achieve with the African Continental Free Trade Area (AfCFTA).

We have many success stories of companies and organisations that are making a great difference in the lives of the people of Africa. Afreximbank is one such story, which serves as an example and an inspiration to many others,” he said here Wednesday.

We are optimistic about Africa’s future because of the momentous developments over the last few months in forging a free trade area across the continent. Agreement on the Continental Free Trade Agreement represents a new dawn for Africa.

President Ramaphosa, who is on a workin visit to Nigeria, was speaking during the 25th Anniversary Celebrations of Afreximbank in Abuja. The Bank, which is devoted to financing and promoting intra- and extra�African trade, was established in October 1993 by African governments, African private and institutional investors, and non-African investors.

The President’s comments come on the back of South Africa signing the AfCFTA agreement during the 31st Ordinary Summit of the African Union (AU) in Mauritania just over a week ago.

The AfCFTA is hailed as a significant step towards the creation of an integrated and diversified market of approximately 3.3 trillion with a population of more than one billion people.

In pursuing the CFTA, we seek to combine market integration with industrial and infrastructure development to ensure that we enhance Africa’s productive capacity, address supply-side constraints and alleviate the infrastructure deficit,” said Ramaphosa.

We have to have the means to produce the goods that will be freely traded across the continent and we need to have the roads, railways, ports and air routes that are going to carry these goods.”

President Ramaphosa said the continent should move with speed to conclude negotiations of the agreement before looking across the seas for partners.

Under the leadership of President Mahamadou Issoufou (of Niger), our collective priority should be to conclude Phase I and II of the negotiations of the CFTA, before commencing new preferential trading negotiations with third parties outside of the continent,” he added.

We have set ourselves a deadline of 2020 to conclude the CFTA negotiations and to ensure that the liberalisation of trade in goods is complimented by rules on investment, competition policy and intellectual property rights. In this way, we will be able to unlock Africa’s full productive capacity.”

Source: NAM NEWS NETWORK

President Cyril Ramaphosa arrives in the Kingdom of Saudi Arabia

President Cyril Ramaphosa has this morning arrived in Jeddah, for his State Visit to the Kingdom of Saudi Arabia, scheduled to take place today, 12 July 2018.

The President will meet with the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz al Saud.

The purpose of the State Visit to the Kingdom of Saudi Arabia, is to assess the status of bilateral relations, whilst focusing primarily on strengthening economic linkages between South Africa and Saudi Arabia, particularly in terms of increasing inward investment and diversifying the trade relationship.

South Africa imports approximately 47% of its oil from Saudi Arabia and regards the country as a strategic partner in the Middle East. The country is also a large investor in South Africa, especially in the area of renewable energy. Total trade amounted to just more than R55 billion in 2017.

The State Visit will also present an opportunity for South Africa to increase co-operation with Saudi Arabia in light of the country’s new strategy for Africa.

To further strengthen trade, investment and economic ties, including Business�to�Business cooperation between the Republic of South Africa and the Kingdom of Saudi Arabia, a substantive business delegation is accompanying President Ramaphosa on the visit.

President Ramaphosa is accompanied by the of Ministers of International Relations and Cooperation; Defence and Military Veterans; Energy, Police and Deputy Minister of Trade & Industry.

Source: The Presidency Republic of South Africa

Sao Tome & Principe National Day

On behalf of the Government of the United States of America, I offer my heartfelt congratulations to the people of Democratic Republic of Sao Tome & Principe on the 43rd anniversary of your independence on July 12th.

Your long tradition of democratic governance is commendable. The United States looks forward to continued partnership with you in areas of mutual interest as you implement your Maritime Security Strategy and as we seek to increase trade. We hope to continue to expand our bilateral ties in the years to come.

Source: U.S Department of State

African Bicycle Contribution Foundation Contributes its 290th Bamboo Bicycle, at Girls Model School, in Nabdam District, Upper East Region, Ghana

NABDAM DISTRICT, Ghana, July 11, 2018 /PRNewswire/ — The African Bicycle Contribution Foundation (ABCF), a U.S.-based 501(c)3 non-profit corporation, today announced that it has recently distributed 50 additional Ghanaian-made bamboo bicycles, in the Nabdam District, northeastern Ghana. Forty of the bicycles, manufactured by the Kumasi-based Ghana Bamboo Bikes Initiative (GBBI), were contributed to girls, ages 13-18, who attend the recently established Girls Model School in the District; an additional four were distributed to farmers, four were contributed to teachers, and two bicycles were given to healthcare workers. The Nabdam District event included ABCF’s 290th bicycle distributed in Ghana, since the foundation’s inception.

Map of Ghana with ABCF/GBBI icons marking bamboo bike distribution sites (July 10, 2018).

Ghana’s Nabdam District, which is bordered on the north by Burkina Faso, and on the east by the Republic of Togo, is the least urbanized region in Ghana. Less than 16 percent of the population resides in urban areas, and about 28.5 percent of adults in the region are classified as illiterate. Additionally, 84.9 percent of the employed population is engaged in skilled agricultural, forestry and fishery occupations, and 50.3 percent of the population is self-employed.

Notably, nearly one-third of the local residents live approximately 15 miles from the closest hospital, and the students at the Girls Model School travel a minimum of 9.3 miles each day, on foot, to and from school. Also notable is the fact that, in Nabdam, the proportion of males who have attended schools is consistently higher than that, for females, at all levels.

A UNICEF report on the impact that bicycles have for school-aged Ghanaian girls, found that 95 percent of rural girls attend school more regularly after having gained access to a bicycle, and 70 percent of those who received bicycles demonstrated higher academic performances, in their subsequent school work.

Headmistress of the Girls Model School speaking at the ABCF/GBBI bamboo bike distribution event.

Commenting on the Nabdam District event, the Foundation’s executive director, Patricia Marshall Harris, stressed the important role GBBI CEO Bernice Dapaah, and her leadership of her Ghana-based company, with a predominately Ghanaian female workforce, can play in inspiring young women at the Girls Model School to achieve Ghana’s national aspirations for academic, economic and social advancement for women across the country.

“While Ghana continues to make impressive strides towards building a globally respected democracy and a strong sub-Saharan African economic profile,” said Ms. Marshall Harris, “we at ABCF and GBBI join Ghana’s government and economic leaders in recognizing  that the full realization of the country’s potential can only be achieved when Ghana’s young girls and women are provided improved access to educational opportunity, and are challenged to join as partners and leaders in all that the country wants to achieve.”

At the event, which was held at Kongo, in the Nabdam District, remarks were presented by Mr. Timothy Naasal Yuornuo, district director of education; by Kongo-Sapaat-Nab Namaalteng, chief of Kongo; by Mrs. Meiri Seidu, director, Health Directorate; and by Mr. Amos Agyapong, production manager, GBBI. The event, which also included a Girls Model School Cultural Display, was moderated by Mr. Francis Sapaat and the opening and closing prayers were offered by Rev. Martin, a Roman Catholic priest.

A group of the 40 ABCF/GBBI bamboo bike recipients at Nabdam District’s Girls Model School, shortly after receiving their new ABCF/GBBI bamboo bicycles.

In his remarks, Mr. Sapaat, budget/NGO officer, Girls Model School, said, “The distribution of bicycles was timely considering the daily distance they cover to and from school. It is a high relief to pupils and parents, since students will now be early to school and back home.”

Who is ABCF?

The African Bicycle Contribution Foundation (ABCF) is a 501©3 non-profit corporation whose mission is to generate funding to underwrite the distribution of bicycles to under-resourced students, teachers, and transport-dependent small farmers and healthcare workers, in Ghana. The Corporation has made a commitment to finance the free distribution of 2500 bicycles in Ghana, over its first five years of operation.

Kongo-Sapaat-Nab Namaalteng, chief of Kongo, speaking to students, teachers and family at the ABCF/GBBI bamboo bike distribution, at Nabdam District’s Girls Model School.

ABCF works in partnership with the Ghana Bamboo Bikes Initiative, which produces the iconic Eco-Ride bamboo bicycle; the Bright Generation Community Foundation, the Respect Alliance, and the U.S.-Ghana Chamber of Commerce. Included among the foundation’s corporate and charitable non-profit sponsors are Independence Blue Cross, the Omega Omega Chapter of Alpha Kappa Alpha Sorority and Dr. and Mrs. Colon A. Romero.

For further information about ABCF, please contact the ABCF offices: info@africanbike.org.

Contact: A. Bruce Crawley
African Bicycle Contribution Foundation
www.africanbike.org
Tel: 215-751-0140
Email: abcrawley@africanbike.org

Photo – https://mma.prnewswire.com/media/717009/Ghana_Map.jpg
Photo – https://mma.prnewswire.com/media/717010/Headmistress.jpg
Photo – https://mma.prnewswire.com/media/717011/girls_on_bikes.jpg
Photo – https://mma.prnewswire.com/media/717012/chief_of_kongo.jpg