Morrow Sodali Strengthens Its Market Leading Position With New Australian Acquisition

Acquisition of key Australian financial communications and investor relations player, Citadel-MAGNUS will drive rapid growth and significant expansion

NEW YORK, Nov. 04, 2022 (GLOBE NEWSWIRE) — Morrow Sodali, the world’s leading shareholder engagement and governance advisory firm, announced today the acquisition of Australian financial communications and investor relations agency, Citadel-MAGNUS, its first since TPG Growth secured a majority stake in April of this year.

The Australian based acquisition represents a significant expansion of Morrow Sodali’s service offering in the APAC region to meet the rapidly growing global demand from corporations for strategic communications and investor engagement services.

The combination of Morrow Sodali and Citadel-MAGNUS brings together two trusted market leading consultancies to provide best in class strategic counsel and support to our clients. Citadel-MAGNUS will be fully integrated into Morrow Sodali enabling the firm to provide a seamless offering and the most comprehensive suite of investor relations and communications solutions to listed and private entities with the intention of rolling out the expanded services to other markets.

The acquisition marks a significant step forward in Morrow Sodali’s strategy to accelerate its growth by investing in services that create value for its clients world-wide.

Alvise Recchi, CEO of Morrow Sodali, commented, “As part of Morrow Sodali’s strategic global growth strategy, the addition of Citadel-MAGNUS will expand our service offering to encompass a broader suite of Board, C-Suite and ESG advisory, Investor Relations and Financial Communications services. We can’t wait to see the potential of this exciting opportunity realised as we continue to grow in new markets around the world.”

Christian Sealey, CEO of Morrow Sodali’s International Business added, “More and more, our clients are coming to us seeking advice and assistance across a wide array of areas covering shareholder communication, stakeholder engagement, capital markets intelligence, corporate governance and ESG advisory. Acquiring Citadel-MAGNUS enables us to provide strategic solutions for our clients and uniquely positions us to become their ongoing trusted partner of choice.”

Peter Brookes, Joint Managing Director of Citadel-MAGNUS said, “Our team is thrilled to be joining forces with Morrow Sodali. We are seeing a growing need to provide clients with an end-to-end offering across the financial calendar and increasingly complex event driven activity where good communication is paramount. The combination of our firms brings together two leading and trusted advisory companies that are deeply embedded in corporate Australia and who share a strong focus on delivering exceptional client service.”

About Morrow Sodali

Morrow Sodali is a global corporate advisory firm that provides clients with comprehensive advice and services relating to corporate governance, ESG, sustainability, proxy solicitation, capital markets intelligence, shareholder and bondholder engagement, M&A, activism and contested situations.

From headquarters in New York and London and offices in global capital markets, Morrow Sodali serves over 1,000 clients in more than 80 countries, including many of the world’s largest multinational corporations. Clients include listed and private companies, mutual fund groups, stock exchanges and membership associations.

In 2022, Morrow Sodali is celebrating its 50th anniversary and also secured a majority investment from TPG Growth, the middle market and growth equity platform of alternative asset firm TPG. This partnership will significantly advance the firm’s mission of providing clients worldwide with unrivalled strategic advice and comprehensive support, enabling them to maximize value and expertly manage stakeholder relations.

For more information about Morrow Sodali, please visit www.morrowsodali.com.

About Citadel-MAGNUS

Citadel-MAGNUS is a leading corporate and financial communication firm with offices in Sydney and Perth, servicing clients across Australia and internationally.

We have established a reputation for delivering outstanding results for our clients through trusted relationships, integrity and professional excellence. Our priority is to support clients’ business objectives through effective communication and a superior level of service.

Citadel-MAGNUS brings an unrivalled depth of financial markets, corporate and media experience to help companies address the challenges of today’s highly competitive and changing business environment. We have worked with companies in all sectors and of all sizes, and our success has led to established, long-term partnerships with business leaders and companies.

For more information, visit www.citadelmagnus.com.

CONTACT:

Elena Cargnello

Corporate Director, Marketing

e.cargnello@morrowsodali.com

+44 (0)20 4513 6913

GlobeNewswire Distribution ID 1000754955

PowerChina’s Sustainable development in Africa

BEIJING, Nov. 4, 2022 /PRNewswire/ — Power Construction Corporation of China (PowerChina) is actively participating in the “Belt and Road” initiative in Africa, responding to the planning and demand of African countries.

Promoting the localization 

At PowerChina, African staff plays a significant role. Employment is a key issue in African countries, especially women’s right to work. Two female Caterpillar drivers are able to earn a dignified living since their collaboration with the PowerChina at the rehabilitation site of Lot 2 of National Road 4 in Cameroon. Such examples are not uncommon. After finishing school in China in 2014, Kilenga Nelly managed to be recruited by the Zongo II hydroelectric power plant project once she returned to the Democratic Republic of Congo (DRC), allowing her to contribute to the development of her own country.

In April, the company organized the first job fair in the DRC, at the University of Kinshasa, during which more than 90 students submitted their CVs. It is worth noting that some local employees are now in management positions. Young Cameroonian Ngangoua Serge started at PowerChina as an intern in 2008. After his doctoral studies in China in 2010, he assisted in establishing an office in his country and five years later, he was appointed as PowerChina’s representative in Cameroon.

Gaston Eloundou Essomba, Cameroon's Minister of Water and Energy (second on the right), accompanied by Ngangoua Serge (first on the left), at the site of the construction of the new transmission line of the Memve'ele hydroelectric power plant on July 10, 2020.

Serving socio-economic development 

To achieve its Vision 2035 of becoming an emerging nation, Cameroon planned hydro power plants in 2009 to address the electricity shortage. PowerChina succeeded in taking charge of the construction of the Memve’ele hydroelectric power plant. PowerChina has also built roads here. The Mintom-Lélé section has changed the daily lives of the local population, facilitating the local transport of people and goods, and has greatly stimulated economic activity.

“Three Gorges Dam of West Africa”, the Soubré hydroelectric plant, whose annual power generation capacity represents 43% of the country. It helps meet the huge demand for electricity and increase electricity exports to neighboring countries, becoming a new engine for economic development in West Africa. In 2021, the Gribo Popoli hydroelectric plant started construction.

Taking social responsibility 

PowerChina has a tradition of volunteering at schools, orphanages and neighborhood hospitals near construction sites. On December 22, 2018, the company’s volunteers in Ivory Coast gave about 100 children Christmas gifts worth 1 million CFA francs ($1,557). Besides, PowerChina has joined the fight against the COVID-19 with the local community. Volunteers from the Zongo II hydropower project held an epidemic prevention presentation event at a school in the village of Zongo in the DRC in May 2020. The volunteers also used vehicles to spread messages to prevent the epidemic. They drove through more than 10 villages in the DRC, making more than 30 presentations, covering more than 30,000 people.

Photo – https://mma.prnewswire.com/media/1937951/Gaston_Eloundou_Essomba_Cameroon_s_Minister_Water_Energy__second_right__accompanied.jpg

COP27 needs a tremendous focus on action, Commonwealth of Dominica looking to share scalable solutions

Roseau, Nov. 04, 2022 (GLOBE NEWSWIRE) — There are a few days left until COP27 takes place in the Egyptian city of Sharm El-Sheikh from 6 to 18 November and the Commonwealth of Dominica, like many nations around the world, will be watching to see if this summit finally brings action and implementation of proposals and promises.

“We are at the stage where we can no longer use these events as talk shops, but rather, we need to be laser-focused and intentional about developing actionable plans to tackle the biggest challenge of our time – climate change,” says Dr. Vince Henderson, Dominica’s minister for planning, economic development, climate resilience, sustainable development, and renewable energy.

Small island nations like Dominica, are not the only countries facing extreme weather conditions as a result of global warming. UN Secretary-General António Guterres mentioned to journalists in New York recently that a third of Pakistan is flooded, Europe is experiencing its hottest summer in 500 years, the Philippines is dealing with the aftermath of tropical storm Paeng and in the United States, Category 4 Hurricane Ian was just another reminder of the climate crisis.

Dominica has been on a path to be the world’s first climate-resilient nation following Hurricane Maria which left an estimated 90 percent of buildings damaged or destroyed in 2019.

This year, at COP27, Dominica wants to showcase how it will reach climate resiliency by 2030. The country has implemented a number of projects that can be used as case studies that can be used as a flywheel of action.

“Everybody is talking about sustainability and climate change and why we need to reduce carbon emissions, the issue is how we are going to make a meaningful impact. For people to translate insight into action, they need to see good examples that motivate them, and we believe Dominica has an abundance of examples that are yielding results,” continues Minister Henderson.

In response to the destruction caused by Hurricane Maria, Dominica launched a climate resilience policy framework to help guide its recovery journey in the form of the National Resilience Development Strategy 2030 (NRDS).

The Climate Resilience and Recovery Plan of Dominica aim to build strong communities, build a robust economy, have a well-planned and durable infrastructure; strengthen institutional systems and, protect and sustain natural and other unique assets.

It centres around three pillars: structural resilience, financial resilience, and post-disaster resilience.

Structural resilience: The government of Dominica is building a resilient infrastructure capable of withstanding natural disasters, including Category 5 hurricanes. It includes the construction of 5 000 climate-resilient homes, healthcare centres, roads, bridges, airports, and schools.

Financial Resilience: The government of Dominica is implementing institutional fiscal reform to ensure stronger fiscal resilience which will aid in the strengthening of debt sustainability utilising several key institutional fiscal areas.

Post Disaster and Social Resilience: This pillar helps encourage farmers to plant more root crops which are more resilient to heavy rain and wind, and increases farmer training programmes and government assistance with the provision of seeds and fertilizers. The government’s plan to strengthen food security includes specific policies for the resiliency of the agriculture and fisheries industries.

With 2022 set to rank among the 10 warmest years on record, according to the US National Oceanic and Atmospheric Administration, Dominica is also constructing a geothermal power plant which will increase the country’s share of renewables and diversify the country’s energy matrix. The Commonwealth of Dominica already obtains 28% of its energy requirements from renewable energy sources such as hydropower and wind.

The UN is urging the world’s industrialized nations to ‘lead by example’ by taking ‘bold and immediate actions’. One of these nations includes the United States of America and with President Joe Biden confirmed to attend, it is said he will build on the significant work the United States has undertaken to advance the global climate fight and help the most vulnerable build resilience to climate impacts.

Last year, Biden arrived at COP26 largely empty handed and this year he will promote the passage of the Inflation Reduction Act, a bill that devotes hundreds of billions of dollars to clean energy initiatives and brings Biden’s pledge to cut United States emissions in half by 2030 closer within reach.

The Conference of the Parties (COP) is the group of nations that have signed the UN Framework Convention on Climate Change (UNFCCC), which was put together in 1992. It commits them to act together to stabilize greenhouse gas concentrations “at a level that would prevent dangerous anthropogenic (human-induced) interference with the climate system”. Since then, the parties, or nations, have met almost annually.

COP26 was held in the Scottish city of Glasgow in November 2021 and it brought together 120 world leaders and representatives from almost 200 countries. It culminated in the Glasgow Climate Pact, which reaffirmed the 2015 Paris Agreement goal of “limiting the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit it to 1.5°C”.

PR Dominica
Commonwealth of Dominica
001 (767) 266 3919
mildred.thabane@csglobalpartners.com
GlobeNewswire Distribution ID 8689439

COP27 needs a tremendous focus on action, Commonwealth of Dominica looking to share scalable solutions

Roseau, Nov. 04, 2022 (GLOBE NEWSWIRE) — There are a few days left until COP27 takes place in the Egyptian city of Sharm El-Sheikh from 6 to 18 November and the Commonwealth of Dominica, like many nations around the world, will be watching to see if this summit finally brings action and implementation of proposals and promises.

“We are at the stage where we can no longer use these events as talk shops, but rather, we need to be laser-focused and intentional about developing actionable plans to tackle the biggest challenge of our time – climate change,” says Dr. Vince Henderson, Dominica’s minister for planning, economic development, climate resilience, sustainable development, and renewable energy.

Small island nations like Dominica, are not the only countries facing extreme weather conditions as a result of global warming. UN Secretary-General António Guterres mentioned to journalists in New York recently that a third of Pakistan is flooded, Europe is experiencing its hottest summer in 500 years, the Philippines is dealing with the aftermath of tropical storm Paeng and in the United States, Category 4 Hurricane Ian was just another reminder of the climate crisis.

Dominica has been on a path to be the world’s first climate-resilient nation following Hurricane Maria which left an estimated 90 percent of buildings damaged or destroyed in 2019.

This year, at COP27, Dominica wants to showcase how it will reach climate resiliency by 2030. The country has implemented a number of projects that can be used as case studies that can be used as a flywheel of action.

“Everybody is talking about sustainability and climate change and why we need to reduce carbon emissions, the issue is how we are going to make a meaningful impact. For people to translate insight into action, they need to see good examples that motivate them, and we believe Dominica has an abundance of examples that are yielding results,” continues Minister Henderson.

In response to the destruction caused by Hurricane Maria, Dominica launched a climate resilience policy framework to help guide its recovery journey in the form of the National Resilience Development Strategy 2030 (NRDS).

The Climate Resilience and Recovery Plan of Dominica aim to build strong communities, build a robust economy, have a well-planned and durable infrastructure; strengthen institutional systems and, protect and sustain natural and other unique assets.

It centres around three pillars: structural resilience, financial resilience, and post-disaster resilience.

Structural resilience: The government of Dominica is building a resilient infrastructure capable of withstanding natural disasters, including Category 5 hurricanes. It includes the construction of 5 000 climate-resilient homes, healthcare centres, roads, bridges, airports, and schools.

Financial Resilience: The government of Dominica is implementing institutional fiscal reform to ensure stronger fiscal resilience which will aid in the strengthening of debt sustainability utilising several key institutional fiscal areas.

Post Disaster and Social Resilience: This pillar helps encourage farmers to plant more root crops which are more resilient to heavy rain and wind, and increases farmer training programmes and government assistance with the provision of seeds and fertilizers. The government’s plan to strengthen food security includes specific policies for the resiliency of the agriculture and fisheries industries.

With 2022 set to rank among the 10 warmest years on record, according to the US National Oceanic and Atmospheric Administration, Dominica is also constructing a geothermal power plant which will increase the country’s share of renewables and diversify the country’s energy matrix. The Commonwealth of Dominica already obtains 28% of its energy requirements from renewable energy sources such as hydropower and wind.

The UN is urging the world’s industrialized nations to ‘lead by example’ by taking ‘bold and immediate actions’. One of these nations includes the United States of America and with President Joe Biden confirmed to attend, it is said he will build on the significant work the United States has undertaken to advance the global climate fight and help the most vulnerable build resilience to climate impacts.

Last year, Biden arrived at COP26 largely empty handed and this year he will promote the passage of the Inflation Reduction Act, a bill that devotes hundreds of billions of dollars to clean energy initiatives and brings Biden’s pledge to cut United States emissions in half by 2030 closer within reach.

The Conference of the Parties (COP) is the group of nations that have signed the UN Framework Convention on Climate Change (UNFCCC), which was put together in 1992. It commits them to act together to stabilize greenhouse gas concentrations “at a level that would prevent dangerous anthropogenic (human-induced) interference with the climate system”. Since then, the parties, or nations, have met almost annually.

COP26 was held in the Scottish city of Glasgow in November 2021 and it brought together 120 world leaders and representatives from almost 200 countries. It culminated in the Glasgow Climate Pact, which reaffirmed the 2015 Paris Agreement goal of “limiting the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit it to 1.5°C”.

PR Dominica
Commonwealth of Dominica
001 (767) 266 3919
mildred.thabane@csglobalpartners.com
GlobeNewswire Distribution ID 8689439

Ethiopia Confident in China’s Solid Commitment to Support Rehabilitation Efforts: Ambassador Teshome

Ethiopia’s Ambassador in China, Teshome Toga discussed ways of cooperation with Ambassador Jiang Jiang, Vice President of the Chinese People’s Association for Friendship with Foreign Countries (CPAFFC).

During the occasion, Ambassador Teshome briefed on the peace agreement reached between the Government of Ethiopia and the TPLF that was concluded in South Africa.

He further noted that the people of Ethiopia have always been keen to see a prosperous country built on peace and unity.

Stating that the Government has taken its maximum effort to rebuild destroyed infrastructure and rehabilitate and resettle the internally displaced citizens, Ambassador Teshome said the Ethiopian government is highly confident in China’s solid commitment to supporting Ethiopia in this regard.

The ambassador also pointed out that the Government of Ethiopia is working in coordination with humanitarian agencies to continue providing humanitarian aid in conflict affected areas.

Ethiopia’s Ambassador commended the government of China for its strong, consistent, and principled position regarding the internal affairs of Ethiopia in general and the conflict in Northern Ethiopia in particular.

Ambassador Jiang Jiang, on his part, expressed his gratitude for giving an explanation of the development of the current situation in Ethiopia, and he applauded the agreement on a peace deal.

He underlined that it’s impossible to achieve “prosperity without peace and peace without development’ and said Ethiopia, as a strategic partner of China, needs to enhance cooperation and jointly exert our efforts to realize the benefits of the two peoples.

 

Source: Ethiopia News Agency

Organization of Educational Cooperation to Open Offices in Addis Ababa

The Organization of Educational Cooperation (OEC) signed an agreement that will enable the organization to open its offices in Addis Ababa.

State Minister of Foreign Affairs, Ambassador Tesfaye Yilma, and Secretary-General of the Organisation of Educational Cooperation (OEC), Sheikh Manssour Bin Mussallam, signed the agreement.

During the event, Ambassador Tesfaye, remarked the opening of the offices of the OEC will bolster the government’s efforts towards Education sector development and Ethiopia’s partnership with International organization.

The presence of the organization in Addis Ababa will facilitate the ideal south-south cooperation in the education sector, he said.

Secretary-General of OEC, Sheikh Manssour Bin Mussallam, on his part, noted the future we foresee can only be realized through education by forging and bringing together diversity and strengthening cooperation.

Integrating Inclusive education and progressive policies in the Education system will be enhanced through the opening offices of the educational organization.

The OEC was established on 2020 by Latin American, Caribbean, African, Asian, Middle Eastern and Pacific Island countries at the International Summit on Balanced and Inclusive Education held in Djibouti.

The purpose of the OEC is to contribute to the equitable, just, and prosperous social transformation of societies by promoting balanced and inclusive education, in order to attain the fundamental rights to liberty, justice, dignity, sustainability, social cohesion, and material and immaterial security for the peoples of the world.

 

Source: Ethiopia News Agency

Peace Agreement Will Pave Way for Comprehensive Development: Ethiopian Institute for Public Diplomacy President

The peace agreement signed by the Ethiopian Peace Talks Delegation and the Tigray Peoples Liberation Front (TPLF) will pave the way for comprehensive development and the reform ambitions of PM Abiy Ahmed, Ethiopian Institute for Public Diplomacy President Yasin Ahmed said.

In an exclusive interview with ENA, the president stated that it is pivotal for all parties to abide by the terms of the agreement reached in Pretoria, South Africa, to achieve real peace and victory for all.

“I call on the Ethiopian government and the TPLF to abide by the terms of the agreement to achieve peace and victory for all parties,” he said.

The Ethiopian people will be the main beneficiaries of their commitment to peace, national reconciliation and tolerance.

For Yassin, working to rebuild the affected areas in the regions of Tigray, Afar and Amhara, and providing moral support to those affected is pivotal.

Expressing his hope that the peace agreement will resolve the differences, he pointed out that “we, the Tigrayan people, are an integral part of the Ethiopian people; and we have transcended ethnic affiliation and united in order to defend Ethiopian sovereignty.”

The government, through its activities, has affirmed its full commitment to peace and that the people in Tigray were not the target, but the outlaws, he added.

The president praised the activities carried out by the Ethiopian expatriates in introducing Ethiopian issues, supporting development activities, improving Ethiopia’s image, and defending Ethiopia’s unity and sovereignty in the international media and social media.

Yasin stressed that the agreement will pave the way for real and comprehensive development in Ethiopia, because peace is one of the most important elements supporting the development and reform project initiated by Prime Minister Abiy Ahmed.

It is to be recalled that the government of Ethiopia has been trying its best to resolve differences peacefully before and during the conflict.

 

Source: Ethiopia News Agency