🌍 Last month, our Chief Financial Officer Praveen Vetrivel joined a delegation from EuroEnergy, one of our #RenewableEnergy subsidiaries, including CEO Antonis Menegas and Head of Business Development Marietta Metallinou, on a meaningful trip to Greece and Cyprus, where they met with public and private sector leaders and trusted business partners. In Cyprus, the delegation was honored to meet with the President of Cyprus H.E. Nikos Christodoulides at the Presidential Palace in Nicosia. During their discussion, they explored opportunities for Libra Group to contribute positively to Cyprus’s growing economy across various sectors, including renewable energy, media, real estate, and hospitality. They also delved into the current landscape of the energy sector in Cyprus, with #EuroEnergy expressing its commitment to support the country’s transition to a clean energy future, including through opening a new office in the region. The team also connected with joint venture partner Afcon Renewable Energy, represented by Executive Vice President Dimitrios (Damon) A., with whom EuroEnergy is advancing substantial renewable energy investments in Poland. Together, they developed a solar park in Boguszyn, Poland, which was successfully energized this past April. Furthermore, the team also met with longstanding partner, Schoeller Holdings, as well as AstroBank and EY Cyprus, where they discussed Libra Group's presence and potential opportunities in Cyprus across sectors. Praveen also visited Athens, Greece where he engaged with Libra Group subsidiaries, partners, and senior executives of leading financial institutions to explore opportunities across Libra Group. 🤝 We are always thankful for the opportunity to connect with partners, colleagues, and public leaders, and we look forward to sharing exciting updates on the developments that will arise from these visits!
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𝗨𝘇𝗯𝗲𝗸 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗪𝗲𝗲𝗸𝗹𝘆 𝗥𝗲𝗰𝗮𝗽 𝗳𝗼𝗿 𝗢𝗰𝘁 𝟮𝟴 - 𝗡𝗼𝘃 𝟭, 𝟮𝟬𝟮𝟰 𝗕𝗿𝗶𝗲𝗳 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄: Trading volume on the RSE “Toshkent” 𝗱𝗲𝗰𝗿𝗲𝗮𝘀𝗲𝗱 by 93.7% Week-on-Week, reaching 77.61 bln. UZS, whereas on the OTC Market 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 more than 186 times, amounting to 218.58 bln. UZS. 𝗞𝗲𝘆 𝗡𝗲𝘄𝘀: • IFC Partners with ACWA Power to Support Uzbekistan's Renewable Energy Transition. • UzAuto Motors to Pay 168 Billion UZS in Dividends. • IT Park Resident Startups Attract Nearly $125 Million Since the Start of the Year. • And more. #uzbekistan #mosaicfinancial #marketrecap #capitalmarkets
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Great insights 🚨 on the immense potential and rapid growth of innovation and entrepreneurship in Africa🌍! It's inspiring to see how startups are tackling pressing challenges and driving economic development across the continent. The data on foreign investment 💰 is particularly eye-opening and underscores the attractive opportunities for businesses willing to commit long-term. Thanks for sharing this comprehensive analysis - it provides a compelling 🎯 case for why Africa is the next big frontier for innovation.
Africa's Growth Story Africa’s dynamic growth is unlocking vast opportunities for Swedish companies. With sectors like renewable energy, infrastructure, mining, healthcare, and digital tech on the rise, now is the perfect time for Swedish innovation to make an impact. Explore new investments, build strategic partnerships, and make a meaningful impact in these transformative sectors. Let Business Sweden be your guide in navigating this vibrant market and contributing to Africa’s bright future. Watch the video with Sara Radu, Trade Commissioner to South Africa, to explore how Sweden can shape Africa’s future. Download our report for more information: https://lnkd.in/dbkyWZDs
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Our Partner, Ozioma Agu, was a speaker at the 17th German-African Energy Forum in Hamburg, Germany, hosted by Afrika-Verein der deutschen Wirtschaft (German - African Business Association). Her panel session discussion was centered on “Financing Energy Transition - New Challenges, and New Instruments,” alongside Ehouman Narcisse Kalifa from the Ministry of Mines, Petroleum and Energy, Côte d’Ivoire; Christian Ndikumagenge from African Export-Import Bank (Afreximbank); and Philip Koelle from GAUFF GmbH & Co. Engineering KG which was moderated by Ulf-Peter Noetzel. In her discourse, Ozioma took a deep dive into the nuanced dynamics of energy finance, particularly within the context of transitioning economies, with a spotlight on Nigeria. She stressed the need for innovative financial instruments tailored to meet the specific needs of transitioning economies, highlighting the importance of a balanced approach. Central to the discussion was Nigeria’s vast natural gas reserves and their pivotal role as a transitional fuel in the country’s energy journey and underscored the potential of leveraging these reserves strategically to bridge the energy gap while facilitating the gradual adoption of cleaner energy sources. In conclusion, Ozioma highlighted the delicate balance between ambitious sustainability goals and practical considerations within Nigeria’s energy finance landscape. By leveraging natural gas reserves and adopting targeted financing mechanisms, Nigeria can navigate its energy transition journey effectively, driving sustainable development and meeting the energy needs of its populace. Stren & Blan Partners is committed to playing a vital role in this transformation. Our team of legal experts has a proven track record of developing and implementing effective energy policies and agreements, as well as targeted structuring and advisory for project financing. #strenblanpartners #germanafricanforum #energyfinancing #energytransition #renewableenergy
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Seen simply, Washington and Beijing are making pragmatic choices about which side of Africa to put their investments in. Each is choosing the ocean that offers the shortest route to them: for Washington, the Atlantic; for Beijing, the Indian Ocean. The economic benefits to the countries’ the existing lines pass through may not extend past construction, but the cargo transported to the ports has ramifications at a global scale. It’ll also create alternative routes to the sea for Kinshasa and Lusaka, hopefully cheaper ones, for much needed imports.
Angola’s investment windfall has continued, as multiple lenders and companies announce they will either expand or make investments in the country. In anticipation of the visit next week, multiple investors have announced plans to invest in Angola. “We see great opportunities to acquire mature assets in Angola, reduce emissions from those assets and further develop them. We anticipate more large companies divesting in the future, with independents stepping in to acquire mature fields. ” said Paul McDade, CEO of Afentra PLC. https://lnkd.in/d5jNfigm
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🌍 Exciting news! Our Executive Director, Dr. Steven Blessing Ackah, will be taking the stage at the Monaco International Investment Forum on March 15, 2024. Join us as we delve into the topic of “Alternative Financing for Lithium Exploration in Africa, Ghana.” 💡 In a world where sustainable energy is key, exploring alternative financing methods for lithium exploration holds immense potential for Africa’s development and the global energy transition. 🚀 Don’t miss out on this crucial discussion that could shape the future of lithium exploration in Africa. Save the date and join the conversation! #MonacoInvestmentForum #LithiumExploration #SustainableEnergy 💼
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Jon Zaidi, country head for ACWA Power in Uzbekistan, shares insights on the significant strides in the country's energy sector. With $8.9 billion already committed to transformative green energy projects, Uzbekistan is setting a new standard for sustainable energy development in Central Asia. As we approach the Tashkent International Investment Forum, Mr. Zaidi emphasises the importance of this event as a platform for fostering meaningful international dialogues and partnerships, encouraging potential investors to see these commitments as a testament to Uzbekistan's stable and promising market. Visit our website for more information 👇 https://tiif.online/ #TIIF #CentralAsia #Uzbekistan #EmergingMarkets #Investors #GreenEnergy #SustainableInvesting
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Genneia achieved USD 150 million in revenue for the first half of 2024, a 1% increase from the previous year, with 83% coming from renewable sources like the new Sierras de Ullum and Tocota III solar parks ☀️. EBITDA declined by 6% to USD 112 million, primarily due to lost CAMMESA credits. 📉 Administrative expenses rose due to increased hiring and expansion costs. Financial debt reached USD 881 million, a 14% increase year-over-year, largely from new local debt issuance. The debt structure is 71% in Corporate Bonds 💼. While net leverage increased slightly, we project a reduction in the coming quarters thanks to the installed capacity expansion 📊. Compared to peers, the GNNEIA 8 ¾ 2027 bond remains an attractive option for diversifying Argentine corporate portfolios 📈.
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When I think of oil, I think about the Middle East. But did you know Norway has a booming oil industry. Read the full story on my newsletter where I cover all sectors acrosss IB Norway's Oil Fund Hits $1.7 Trillion: A Whale in Global Markets Reshaping Energy Investments Norway's Government Pension Fund Global, the world's largest sovereign wealth fund, has reached a historic milestone with its value surpassing 18 trillion Norwegian crowns ($1.691 trillion). This behemoth, fueled by Norway's oil and gas revenues since 1996, is reshaping global investment landscapes. Read it here: https://lnkd.in/eRExCrMa
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The PANGEA-RISK team will be in #Oslo next week to participate in the Berne Union Spring Meeting hosted by Eksfin - Export Finance Norway. I am also looking forward to addressing members of the Norwegian-African Business Association (NABA). Did you know... 🤔 🛢 #Norway is a major exporter of refined fuel to #Nigeria, even though Equinor exited Africa's largest #oil producer in 2023 🌄 But, Norway's main opportunity in Africa is development of #renewables and green infrastructure by firms like Scatec ASA 📈 Following this trend, more than 60% of projects by #impact investor Norfund were in sub-Saharan Africa in 2022 #Africa needs Norway's expertise in key sectors of mutual interest like #energy #agribusiness #greeninfrastructure #shipping and #digitisation
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Delphos continues to lead the way in capital raising for transformative projects across Asia, from sustainable energy in Indonesia to financial inclusion in Mongolia. Proud to highlight our role in driving impactful solutions for growth and sustainability in private emerging markets. Check out delphos.co for more details. #FinancialAdvisory #CapitalRaising #Asia #ImpactFinance #Delphos
𝟱 𝗗𝗲𝗮𝗹𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗦𝗽𝗼𝘁𝗹𝗶𝗴𝗵𝘁: 𝗗𝗲𝗹𝗽𝗵𝗼𝘀' 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗥𝗮𝗶𝘀𝗶𝗻𝗴 𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲 𝗮𝗰𝗿𝗼𝘀𝘀 𝗔𝘀𝗶𝗮 Delphos has played a pivotal role in financing transformative projects across Asia, supporting economic growth and sustainability through expert capital raising. Here are five key deals, where Delphos provided essential financial advisory support: 🌋 Sarulla Operations Ltd, Indonesia US$350MM Financing for the 330MW Sarulla Geothermal Project, leveraging loans from the Asian Development Bank (ADB), Clean Technology Fund, and Canadian Climate Fund by IDB Invest to develop sustainable geothermal energy. ☀️ Applied Energy Technologies Private Limited (𝗔𝗦𝗧), India US$155MM Capital Raise for an 80MW solar project to advance renewable energy solutions for telecom tower operators across India. 🌆 Four Rivers, Myanmar US$20MM Capital Raise for developing and constructing office buildings in Yangon, enhancing infrastructure and supporting economic development. 🏦 BOGD BANK, Mongolia US$15MM Senior Debt Package to support women-led MSMEs and green projects, with funding from the Asian Development Bank and the Canadian Climate Fund, promoting financial inclusion and sustainability. 🎥 Cinepax Ltd, Pakistan US$9MM Capital Raise to finance the development of five new modern cinema multiplexes, expanding entertainment options in underserved markets across Pakistan. Delphos is dedicated to driving impactful financial solutions that foster growth and sustainability in emerging markets. Connect with us to learn more about how we can support your next project: delphos.co/contact. #FinancialAdvisory #CapitalRaising #EmergingMarkets #SustainableFinance #Delphos
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