USAID Administrator Green Announces Call to Action

Statement by Clayton M. Mccleskey, Acting Spokesperson of United States Agency for International Development (USAID):

In a keynote address at the annual World Food Prize in Des Moines, Iowa, United States Agency for International Development (USAID) Administrator Mark Green announced a call to action to combat the Fall Armyworm, a devastating crop pest that threatens to create a new humanitarian crisis in Africa. He also announced new partnerships with several private sector companies to promote global food security.

Administrator Green called on the private sector, universities, foundations, international research centers, and other development partners to join together to combat the Fall Armyworm, an invasive pest that is spreading rapidly through Africa. If not addressed, the Fall Armyworm has the potential to exacerbate food insecurity significantly in dozens of countries.

The U.S. Government will mobilize investments from the public, private, and non-profit sectors to help control the pest. To support this effort, USAID will also incentivize innovators to develop and adapt digital tools that provide timely information to farmers to identify, track, and access information on how to combat the pest. USAID is eager to partner with other organizations in this effort.

Administrator Green also announced new innovative ventures with private enterprise to lift lives, lower poverty, and promote development by addressing market-access challenges faced by farmers in developing countries. A partnership with the Syngenta Foundation for Sustainable Agriculture, in collaboration with the African Agricultural Technology Foundation, will help smallholder farmers in Senegal, Mali, Kenya, and Malawi gain access to affordable, high-yielding seeds through local businesses. USAID’s new collaboration with Keurig Green Mountain and Root Capital will strengthen the global coffee supply chain and help small-scale producers in Uganda, Rwanda, Colombia, Peru, and Indonesia grow higher-quality coffee and connect with financing and buyers.

Distributed by APO Group on behalf of U.S. Agency for International Development (USAID).

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MultiChoice Tanzania Celebrates 20 years of changing lives

MultiChoice Tanzania (MCT) (www.DStv.com) the country’s first Pay TV Company has reached an exiting milestone as the company celebrates 20 years of changing lives through innovative delivery of ground-breaking content. The celebration will involve a two days special exhibition set to take place at the Mlimani City in Dar es Salaam where the public will get to witness first-hand MultiChoice Tanzania’s journey.

MultiChoice recognised the need for multi content for varied consumer needs when it commenced its operations in Dar es Salaam in July 1997 providing Tanzanians the Pay TV service, DStv, at a time when conventional TV services was a novel.

The company’s spirit to deliver revolutionary content in entertainment and education remain the same to date when it has grown considerably with 5 regional offices across the country with significant investment in infrastructure, technology and human resource.

Initially DStv started with only 3 channels being SuperSport, M-Net and Movie Magic and today DStv boasts of over 100 TV and radio channels in various packages (DStv Premium, Compact, Compact Plus, Family and Bomba) allowing customers flexibility in pricing and choice.

Multichoice Tanzania Shareholder and Board Chair Ambassador Ami Mpungwe reflected on the company’s 20th anniversary by saying “MultiChoice Tanzania has been a champion in offering world-class entertainment to Tanzanians. We started our services in this market when the TV business was at its infantry and has through the years become a part and parcel of the vast transformation in the TV industry in the country”.

“We pride ourselves for being a part of the lives of Tanzanians, assuring not only quality services but offering reasons for families and friends to come together, share dear moments and creating cherished memoirs” said Ambassador Mpungwe.

While marking its 20th Anniversary, MultiChoice Tanzania has impacted the lives of millions of Tanzanians creating employment for over 100 staff working directly at the company, over 1,000 independent DStv installers and over 500 Direct Sales (alias foot-solders) across the country creating wellbeing for themselves and their families.

“Thanks to our dedicated leadership team, employees and partners, we have experienced a steady growth and continue to thrive” further stated Ambassador Mpungwe. “Of recent we have been recording remarkable growth in subscriber base despite increasing competition. This shows how the team is well geared to innovatively compete in this stiff market” affirmed the Ambassador.

MultiChoice Tanzania has enjoyed being a good corporate citizen through social investments in sports sponsorships; like the recent gold medal win by DStv Ambassador Alphonce Simbu during the Standard Chartered Mumbai Marathon earlier this year and again the Bronze Medal later in the year at the World Championships. Orphanages support: centres like Al Madinnah in the outskirt of Dar es Salaam have benefitted from over 5 years of support including the recent launch of a tailoring project that will enable the centre to generate income sustainably.

As a leading entertainment brand, MultiChoice Tanzania continues to put customers first by listening and responding to evolving needs. The introduction of a tailor-made Tanzanian Channel – Maisha Magic Bongo (MMB) has significantly aided in recruiting a huge number of new customers making MMB the leading channel in Tanzania and the most preferred channel of many across the country.

Through MMB, dozens of local studios, film directors, producers and hundreds of actors and actresses are benefiting by the airing of their productions. A significant amount of money continues to be invested in local productions, giving the local film industry the biggest boost since time immemorial.

MultiChoice Tanzania’s 20th Anniversary marks a time of change for the organisation as it reshapes the business to stay ahead of the curve in delivering latest and greatest local and international content. “I am delighted to report that our business is solid and that we are looking forward to an even brighter future as we remain motivated to shape the next 20 years of content delivery through innovative and cutting edge technology that lets you watch whatever, whenever, wherever!” Concluded Ambassador Mpungwe.

For more information, please visit www.DStv.com or follow the hashtag on social media #20YearsOfAwesomeness.

Distributed by APO Group on behalf of MultiChoice Tanzania.

Source:: MultiChoice Tanzania Celebrates 20 years of changing lives

      

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Secretary of Energy Rick Perry to Travel to South Africa for Africa Oil Week

Next week, U.S. Secretary of Energy Rick Perry will travel to South Africa to represent the United States at Africa Oil Week. During his time in Cape Town, the Secretary will provide remarks on U.S. oil and gas development, highlighting the Department of Energy’s (DOE’s) commitment to bilateral energy partnerships with our allies in Africa, and deliver a keynote address on global energy policy. Secretary Perry will also participate in a DOE-led workshop on Sharing Natural Gas Development Experiences and meet with African energy ministers.

“I am honored to participate in Africa Oil Week to represent U.S. energy interests in the region and underscore this Administration’s commitment to strengthening our African energy partnerships,” said Secretary Perry. “I look forward to working discussions with our allies in South Africa and across the continent to advance mutually beneficial safe and sustainable energy development.”

Distributed by APO Group on behalf of Africa Regional Media Hub.

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Quantum Global Group’s USD 1.1 billion Infrastructure Fund Exits Savannah Cement, a Leading East African Cement Producer

QGIAM, the private equity arm of Africa focused investment firm Quantum Global (http://QuantumGlobalGroup.com), today announced that on behalf of their investors, the sale of its interest in Savannah Cement, a leading Kenyan cement producer, has been completed following the receipt of regulatory approvals.

Quantum Global’s investment was designed to support the cement producer on a number of value creation initiatives, including the development and launch of new products and the optimization of existing facilities.

Jean-Claude Bastos de Morais, Quantum Global’s Founder and Group CEO, commented: “We are delighted to have partnered with Savannah Cement in one of the critical industry sectors in East Africa, advancing together to aim to close the existing infrastructure gap in Africa. The exit from this investment is testament to the success of our approach of deploying capital in transformative sectors of key importance in Africa at the right time.”

Martin Bachmann, Group Head of Active Management of Quantum Global, stated: “Our active partnership with Savannah Cement and its management team has created significant value and we are pleased to have been involved in such a critical growth phase for the company. Through its development of state-of-the-art products and technologies and its focus on the best use of green technology and on revolutionising environmental management in the cement industry, the company is well positioned to compete in an expanding marketplace, and we wish them continued success.”

Quantum Global Group held the asset since 2015 through its USD 1.1 billion Infrastructure Fund, which is one of the most significant private equity funds in Africa solely focused on infrastructure developments.

Having started operations in 2012, Savannah Cement operates in a buoyant market driven by rising demand for cement products in a growing region. Savannah Cement is a state of the art, eco-friendly cement grinding plant with a capacity of 1.5 million tons a year, located in Athi-River, ca. 30 km from Nairobi. Successful in capturing several regional infrastructure deals to grow its market share, Savannah Cement quickly became a major regional player.

As part of the Infrastructure Fund, the Group so far has committed a significant portion of the capital for the construction of a deep-sea port in the Angolan province of Cabinda and for the development of an agri-processing plant for juice, water and wine processing and packaging geared towards the SADC region.

Distributed by APO Group on behalf of Quantum Global Group.

Media enquiries:
Linda Martin
Phone: + 41 41 560 2900
Email: Media@QuantumGlobalGroup.com

About Quantum Global:
Quantum Global (http://QuantumGlobalGroup.com) is an international group of companies active in the areas of private equity investments, investment management as well as macroeconomic research and econometric modelling. Quantum Global’s private equity arm manages a family of funds targeting direct investments in Africa in the sectors of Agriculture, Healthcare, Hotels, Infrastructure, Mining and Timber – as well as a sector agnostic Structured Equity fund. Our team combines a solid track record and proven expertise to identify and execute unique investment opportunities with focus on Africa. Quantum Global works in close partnership with key stakeholders to maximise investment value and returns through active management and value creation. For more information, visit www.QuantumGlobalGroup.com.

Note to Editor:
Savannah Cement (http://SavannahCement.com) is the newest entrant into the cement market in Kenya and has completed the construction and commissioning of a state of the art, eco-friendly cement grinding plant with a capacity of 1.5 million tons a year.

The plant is strategically placed near Nairobi, which accounts for 50% of Kenya’s cement consumption. Savannah Cement is not only designed to make the best use of green technology, but is also focused on revolutionizing environmental management in the regional Cement Industry.

Source:: Quantum Global Group’s USD 1.1 billion Infrastructure Fund Exits Savannah Cement, a Leading East African Cement Producer

      

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