Drive investment – Marianne Bluger http://mariannebluger.com/ Wed, 22 Jun 2022 11:24:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://mariannebluger.com/wp-content/uploads/2021/10/favicon-2-120x120.png Drive investment – Marianne Bluger http://mariannebluger.com/ 32 32 Banyan secures $8.2m Series A to boost investment in sustainable infrastructure https://mariannebluger.com/banyan-secures-8-2m-series-a-to-boost-investment-in-sustainable-infrastructure/ Wed, 22 Jun 2022 08:00:23 +0000 https://mariannebluger.com/banyan-secures-8-2m-series-a-to-boost-investment-in-sustainable-infrastructure/ Banyan, a San Francisco-headquartered sustainable infrastructure investment facilitator, has confirmed an $8.2 million Series A funding round led by VoLo Earth Ventures with several notable venture capital firms joining round. The significant funding round, which values ​​the company at $47 million, will allow Banyan to further develop its go-to-market engine, as well as improve the […]]]>

Banyan, a San Francisco-headquartered sustainable infrastructure investment facilitator, has confirmed an $8.2 million Series A funding round led by VoLo Earth Ventures with several notable venture capital firms joining round. The significant funding round, which values ​​the company at $47 million, will allow Banyan to further develop its go-to-market engine, as well as improve the support it is able to offer customers existing.

Just 18 months after its initial product launch, Banyan’s Series A reaffirms the industry’s tremendous interest in the innovative platform. Led by VoLo Earth Ventures, with additional investments from Ulu Ventures, Vista Verde Capital, Nomadic Venture Partners and Industrious Ventures, the round puts Banyan in the perfect position to achieve its goal of digitizing and integrating investments and lending sustainable infrastructure with higher speed, standardization, and transparency.

Despite advances in the availability of asset and financial data, investing in sustainable infrastructure remains a largely manual and inefficient set of processes that rely heavily on spreadsheets and disconnected systems. Banyan’s platform tackles this problem head-on. By providing dynamic online checklists and dashboards, approval-based workflow automation, APIs to existing data sources, centralized data vault to complement virtual data rooms and a self-service customer portal, the company provides a purpose-built platform for project financing. and sustainable infrastructure teams.

Since its inception, Banyan has helped deploy and manage over $1 billion in capital for sustainable infrastructure development. However, in the context of growing climate concerns, as well as a more concerted global effort by major institutions and nation states to address environmental challenges, the demand for such projects continues to increase. Through its Series A augmentation, Banyan can help its clients respond more quickly and efficiently to this growing demand by simplifying and optimizing the mechanisms needed to finance the shift to low-carbon infrastructure. By meeting this demand, Banyan brings real technology and helps meet the cost of capital, while accelerating the deployment of the sustainable infrastructure needed globally.

Speaking on the increase, Will Greene, Founder and CEO of Banyan, said: “The face of infrastructure projects is changing. While the era of megaprojects is far from over, developments are generally getting smaller and cheaper. However, the cost and complexity of lending or investing has not changed much. In response, infrastructure companies are increasingly interested in solutions to help manage growing pipelines and portfolios and capitalize on this market opportunity.

“Fortunately, by automating contractual compliance and summarizing key information, Banyan offers the ideal system to meet this challenge. Now, with our Series A boost, we’re able to take this offer to the next level. More than ever, clients can rely on our solution to proactively mitigate risk by providing greater transparency between all counterparties. In short, our technology-first platform helps deliver loans and investments issued at higher speed, served at lower cost, and syndicated with greater liquidity.

Along with this increase, Kareem Dabbagh, co-founder and managing partner of VoLo Earth Ventures, will join Banyan’s board of directors. Kareem is a solar industry veteran, with considerable experience in pursuing soft cost reductions on sustainable infrastructure projects by prioritizing innovation, quality control and process improvement . As such, he is the ideal complement to the company’s growing ranks of employees and will bring several key skills, which are integral to Banyan’s core business mission.

Speaking about his involvement in the augmentation, alongside his appointment to the company’s board of directors, Kareem told us: “Banyan is an exciting company that is helping to reshape the world of sustainable infrastructure. By working with direct lenders, banks and project owners, the company can deliver a long-awaited service with a value proposition to save customers money and provide actionable insights into sustainable assets. In addition, by offering this service through a SaaS distribution model, Banyan helps make its solution as accessible as possible, allowing it to benefit as many people as possible while accelerating deployment in the sector.

Banyan Infrastructure is a software platform to facilitate investments in sustainable infrastructure, headquartered in San Francisco. Built by financiers from previous projects in 2018, Banyan enables simplified underwriting, risk management and ultimately securing infrastructure investments at higher volume and lower cost.

Since its inception, Banyan has helped deploy and manage over $1 billion in capital for developments such as solar power, energy efficiency, energy storage, waste recovery, and more. Backed by VoLo Earth Ventures, with additional investments from notable venture capital firms, the company announced an $8.2 million Series A funding round that will facilitate significant scale and customer support .

Grit Daily News is the premier startup news hub. It’s the leading source for information on millennial and gen Z startups – from fashion, tech, influencers, entrepreneurship and funding. Based in New York, our team is global and brings with it over 400 years of combined reporting experience.

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Paul Eardley-Taylor to lead investment narrative at MSGBC Oil, Gas & Power 2022 https://mariannebluger.com/paul-eardley-taylor-to-lead-investment-narrative-at-msgbc-oil-gas-power-2022/ Thu, 26 May 2022 14:21:48 +0000 https://mariannebluger.com/paul-eardley-taylor-to-lead-investment-narrative-at-msgbc-oil-gas-power-2022/ Download logo Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) is proud to announce that Paul Eardley-Taylor, Head of Oil & Gas, Standard Bank, will be speaking at the official South Africa Power Event. West, MSGBC Oil, Gas & Power 2022. Taking place September 1-2 in Dakar, Senegal, the conference represents the official meeting place for the […]]]>
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Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) is proud to announce that Paul Eardley-Taylor, Head of Oil & Gas, Standard Bank, will be speaking at the official South Africa Power Event. West, MSGBC Oil, Gas & Power 2022.

Taking place September 1-2 in Dakar, Senegal, the conference represents the official meeting place for the energy elite of the MSGBC region and provides the ideal platform for discussions, networking and negotiation.

With his confirmation as a speaker, Eardley-Taylor played a proactive role in the event and will travel to Dakar in September to lead discussions on financial solutions for hydrocarbons, monetizing natural gas and increasing the investment attractiveness in 2022 and beyond.

As Head of Oil and Gas at Standard Bank, Eardley-Taylor is responsible for the institution’s oil and gas business for Southern Africa. With over 20 years of experience in the energy business and investment landscape, particularly in oil, gas, renewables and power, while offering 10 years of experience as an advisor , banker and financier, Eardley-Taylor is well positioned to lead the discussion on investing in the MSGBC energy industry.

Following the region’s recent success in hydrocarbons through large-scale projects such as the 15 trillion cubic feet (tcf) Greater Tortue Ahmeyim (GTA) project; development 13 tcf BirAllah; the Yakaar-Teranga project of 20 tcf; and the 100,000 barrel per day development of Sangomar, regional energy leaders are focused on securing investment to launch a hydrocarbon revolution in the basin.

While GTA (phase one) and Sangomar made a final investment decision (FID) in 2018 and 2020, respectively, significant opportunities are available for investors in other emerging projects. Currently, GTA phase two is targeting FID in Q4 2022, Kosmos and bp are approaching FID for Yakaar-Teranga, while BirAllah devs are hoping to emulate GTA’s success with unclear FID timelines.

The attractiveness of the MSGBC region for investment stems from the role that gas continues to play in global supply chains as well as the region’s conducive environment that drives foreign participation. With the ongoing conflict between Russia and Ukraine threatening global supply chains, international nations are considering severing ties with Russia, leading to growing interest in upcoming MSGBC projects.

Recently, German Chancellor Olaf Scholz was in Senegal to discuss possible gas deals between the countries. The high returns on investment and demonstrated political support from regional leaders have further cemented the region as a highly competitive investment destination.

With upcoming licensing rounds in the region opening up new upstream investment opportunities, a push for infrastructure development prompting midstream and downstream capital injections, and global demand making the case for MSGBC’s international gas networks such than pipelines, investors should capitalize on the abundant opportunities present in the MSGBC landscape.

Fitting into this picture, Eardley-Taylor is a leading advisor and financier who will play a role in boosting foreign investment in the region. His experience in the energy and finance sectors in Africa makes him an optimal partner for investors, and by leading discussions, participating in networking forums and engaging with potential investors at MSGBC Oil , Gas & Power 2022, Eardley-Taylor will be instrumental in securing financing for future hydrocarbon projects.

This year’s edition of the event is themed “The Future of Natural Gas: Growth Through Strategic Investments and Policymaking” (https://bit.ly/3MVCiBh ) bringing together leading experts and decision makers from the oil, gas and renewable energy spectrum sector.

Organized by ECP, under the high patronage of HE Macky Sall, President of the Republic of Senegal (https://bit.ly/3PNk1YD) – who will deliver the opening speech – and in partnership with the Ministry of Petroleum and Energy , COS-Petrogaz and the African Energy Chamber, MSGBC Oil, Gas & Power 2022 is the only energy event that covers the entire MSGBC region, from Mauritania to Guinea.

Join Eardley-Taylor and other top speakers in September for a conference dedicated to the energy and economic success of the MSGBC region.

Distributed by APO Group on behalf of Energy Capital & Power.

About the MSGBC Oil, Gas & Power 2022 Conference:
Under the patronage of HE Macky Sall, President of the Republic of Senegal, MSGBC Oil, Gas & Power will once again take place in Dakar, Senegal, with the event serving as a catalyst for multi-sectoral investment and development in 2022. To find To learn more, visit MSGBCOilGasAndPower.com or contact [email protected]

This press release was issued by APO. Content is not vetted by the African Business editorial team and none of the content has been checked or validated by our editorial teams, proofreaders or fact checkers. The issuer is solely responsible for the content of this announcement.

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Healthtech industry body launches new Scottish division to boost investment https://mariannebluger.com/healthtech-industry-body-launches-new-scottish-division-to-boost-investment/ Tue, 17 May 2022 23:01:00 +0000 https://mariannebluger.com/healthtech-industry-body-launches-new-scottish-division-to-boost-investment/ The Association of British HealthTech Industries (ABHI) has launched ABHI Scotland, to help Scotland’s tech ecosystem attract new investment. The industry body hopes this will help bring the work being done in health technologies to more patients at home and abroad. The move, which will see the formation of a dedicated operation in Edinburgh, builds […]]]>

The Association of British HealthTech Industries (ABHI) has launched ABHI Scotland, to help Scotland’s tech ecosystem attract new investment.

The industry body hopes this will help bring the work being done in health technologies to more patients at home and abroad.

The move, which will see the formation of a dedicated operation in Edinburgh, builds on several years of working with Scottish businesses and universities to support and represent ABHI members.

ABHI has signed a Memorandum of Understanding to work with the University of Strathclyde Medical Devices Institute Center of Excellence.

Mark Cook, the new chairman of ABHI Scotland – who was also appointed co-chairman of the Scottish Government’s Life Sciences Scotland Industry Leadership Group this year – said the time had come to create a team dedicated to the companies behind medical devices, diagnostics and digital health in Scotland.

He explained: “Scotland’s integrated approach to data, combined with its world-class academic and research sector, provides a compelling offer for both exports and inward investment.

Minister for Trade, Commerce, Tourism and Enterprise, Ivan McKee, said: “Health technology is a strategically important part of our life sciences sector which allows us, as a nation, to to focus on solving the world’s greatest health challenges through data-driven health solutions, innovation, design and manufacturing.

“In addition to the global players who have chosen Scotland as their base, our local businesses and university spin-offs employ over 41,000 highly skilled people in our life sciences sector.

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Budget 2022: Gove Maritime Precinct to boost investment https://mariannebluger.com/budget-2022-gove-maritime-precinct-to-boost-investment/ Sat, 07 May 2022 07:00:00 +0000 https://mariannebluger.com/budget-2022-gove-maritime-precinct-to-boost-investment/ May 7, 2022 The territory’s Labor Government is investing $10 million over three years to upgrade the Port of Gove commercial area to develop the territory’s maritime industry and create jobs. The project will enable co-investment opportunities in marine and land-based infrastructure with traditional owner companies, the private sector and the Commonwealth. Key growth areas […]]]>

May 7, 2022

The territory’s Labor Government is investing $10 million over three years to upgrade the Port of Gove commercial area to develop the territory’s maritime industry and create jobs.

The project will enable co-investment opportunities in marine and land-based infrastructure with traditional owner companies, the private sector and the Commonwealth.

Key growth areas for industry development at the Port of Gove include commercial fishing and aquaculture, tourism, defense and border protection, and freight and logistics.

In line with this, the Northern Territory infrastructure plan includes a broad commitment to improving the navy and facilities to support the growth of the maritime industry in the region.

The Gove Port Maritime Commercial Precinct will complement the ongoing sealing of Arnhem’s Central Road and improvements to barge landing stages in the Top End, which will significantly improve connectivity and supply chains in the Arnhem region and facilitate growth in a range of potential industry sectors.

Investing in the territory’s ports and marine facilities will support thousands of jobs and provide additional revenue to the territory.

Quotes from the Minister of Mines and Industry, Nicole Manison:

“This is another good news for the Territory’s maritime industry and for our economy.

“This investment will support jobs in East Arnhem Land and expand the territory’s export capabilities.

“The Territory is Australia’s best investment destination – and the Gove Port Maritime Commercial Precinct will be a significant economic driver.”

Quotes from Klaus Helms, Managing Director of Gumatj Corporation Ltd and Chairman of the East Arnhem Economic Growth Committee:

“This is great news for the East Arnhem region and for our economy. The development of the Port of Gove is a key part of the East Arnhem Regional Economic Growth Board’s plan for the growth of industry in this very promising part of the territory.

“Expanding the Port of Gove is also a key part of the Traditional Owners’ vision for the Gove Peninsula to develop current and new industry for the benefit of all in the region as we work towards the transition to a diversified economy. over the next five years.

The Gumatj Corporation will work with existing operators and new users of Gove Port to stimulate industry growth and support job creation to benefit the region.

/Public release. This material from the original organization/authors may be ad hoc in nature, edited for clarity, style and length. The views and opinions expressed are those of the author or authors. See in full here.

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Food and Fuel Prices Affecting SDG Outlook Should Drive Sustainable Energy Investments: FSDR 2022 | News | SDG Knowledge Center https://mariannebluger.com/food-and-fuel-prices-affecting-sdg-outlook-should-drive-sustainable-energy-investments-fsdr-2022-news-sdg-knowledge-center/ Thu, 21 Apr 2022 21:03:03 +0000 https://mariannebluger.com/food-and-fuel-prices-affecting-sdg-outlook-should-drive-sustainable-energy-investments-fsdr-2022-news-sdg-knowledge-center/ The UN released the 2022 report on financing for sustainable development, which warns that the war in Ukraine could deal a “crippling blow” to the SDGs, as it increases food and fuel prices in developing countries, among other impacts. The FSDR is produced annually by the United Nations Department of Economic and Social Affairs (DESA) […]]]>

The UN released the 2022 report on financing for sustainable development, which warns that the war in Ukraine could deal a “crippling blow” to the SDGs, as it increases food and fuel prices in developing countries, among other impacts.

The FSDR is produced annually by the United Nations Department of Economic and Social Affairs (DESA) in collaboration with the United Nations Inter-Agency Task Force on Financing for Development, which includes more than 60 international organizations. The report assesses progress in implementing the seven action areas of the Addis Ababa Action Agenda on Financing for Development (FfD). Its findings will inform discussions at the United Nations Economic and Social Council (ECOSOC) Forum on Financing for Development Tracking in April 2022.

The poorest developing countries pay an average of 14% of their income in interest on their debt, while developed countries pay 3.5%.

The “Financing for Sustainable Development Report 2022: Bridging the Finance Divide” identifies some positive aspects of performance in financing for sustainable development in 2021. Investments in developing countries have increased, for example: investments in private equity and in venture capital grew by $150 billion in 2020, sustainability bond issuance doubled to more than $1 trillion, and sustainability-themed funds increased by 62% compared to 2020.

But the report also finds that getting key sectors on track to achieve the SDGs will require a 20% increase in spending in the poorest countries. Liu Zhenmin, head of DESA, said the international community must ensure that developing countries can invest at levels similar to what the developed world has done in the past two years.

The FSDR provides recommendations to address funding gaps and debt risks, such as expanding eligibility to heavily indebted middle-income countries and strengthening the public development bank system. The report explains that many developing countries have had to spend their resources on covering the costs of debt financing rather than on development, recovery and resilience to future shocks. Many have thus cut budgets for education and infrastructure, among other areas.

According to the report, rich countries have borrowed record sums at extremely low interest rates and thus supported the pandemic recovery, while “poorer countries have spent billions on debt service, preventing them from d ‘investing in sustainable development’. The poorest developing countries pay an average of 14% of their income in interest on their debt, while developed countries pay 3.5%.

To ensure that “all financing flows” are aligned with sustainable development, the report says countries should accelerate investments in sustainable energy in the current context of high fossil fuel prices, and that the international tax system should help address vaccine inequities. It also notes the need for globally consistent standards for corporate sustainability reporting.

The report also finds that during the pandemic, the wealth of the ten richest men in the world has doubled. For people in the bottom 40%, the average income fell by 7%. An estimated 77 million people became extremely poor in 2021.

The FfD Forum 2022 will take place from April 25 to 28, 2022. [DESA news] [Video of press conference] [Publication: 2022 Financing for Sustainable Development Report: Bridging the Finance Divide] [FfD Forum webpage] [Press conference to launch FSDR 2022] [Note of UN Secretary-General with key findings from FSDR 2022 (E/FFDF/2022/2)]

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Law firm to help create investment opportunities for women-founded businesses https://mariannebluger.com/law-firm-to-help-create-investment-opportunities-for-women-founded-businesses/ Tue, 05 Apr 2022 13:32:58 +0000 https://mariannebluger.com/law-firm-to-help-create-investment-opportunities-for-women-founded-businesses/ Yorkshire law firm Gordons was chosen by funding connector Fund Her North as their legal partner following a competitive selection process. Fund Her North is a group of over 25 women in venture capital organizations who collectively have a combined investment power of £650m. The Funding Connector is believed to be the only such organization […]]]>

Yorkshire law firm Gordons was chosen by funding connector Fund Her North as their legal partner following a competitive selection process.

Fund Her North is a group of over 25 women in venture capital organizations who collectively have a combined investment power of £650m.

The Funding Connector is believed to be the only such organization in the UK that brings together women in the investment industry in this way to support female founders.

As the exclusive legal partner, Gordons will provide founders and their teams with legal advice throughout the funding process, including early stage, growth and exit. The company’s head of start-ups and emerging businesses, Amy Pierechod, will lead the relationship with Fund Her North.

Gordons has been the only legal partner of the digital and technology start-up investment network, NorthInvest, for more than three years and Pierechod is also the main client of this partnership.

Fund Her North founder Helen Oldham said: “We were very keen to work with a legal partner who understood the innovation industry and had already demonstrated a passion for supporting female founders.

“Our experience working with Gordons at NorthInvest has already proven to be a powerful collaboration and we look forward to harnessing the momentum we have already created and building on it to grow Fund Her North.”

Fund Her North was created in October 2020 by Oldham and six co-founders: Jordan Dargue, director of NorthInvest; Jess Jackson, chief investment officer at GC Angels; Charlotte Ashton, founding director of Implicite Advisory; Samantha Piddington, head of corporate finance at Deepbridge Capital; and Chi-chi Ekweozor, entrepreneur and founder of Assenty.

This is the third corporate partnership the collective has entered into, the others are with global wealth managers UBS and retail and commercial bank NatWest.

Pierechod added, “We are honored to become the official legal partner of Fund Her North. The organization has come a very long way in a short time and has had a significant positive impact on women-led businesses in the North.

“At Gordons, we all look forward to playing our part in furthering the success of Fund Her North and the businesses it supports.

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New Mobile Players in Germany Drive Investment Trends https://mariannebluger.com/new-mobile-players-in-germany-drive-investment-trends/ Wed, 30 Mar 2022 07:00:00 +0000 https://mariannebluger.com/new-mobile-players-in-germany-drive-investment-trends/ Can you introduce yourself and your role? I am a director within the TMT sector team of ING where I advise and finance companies in the field of digital infrastructure… Can you introduce yourself and your role? I am a director within the TMT sector team of ING, where I advise and finance companies in […]]]>

Can you introduce yourself and your role? I am a director within the TMT sector team of ING where I advise and finance companies in the field of digital infrastructure…

Can you introduce yourself and your role?

I am a director within the TMT sector team of ING, where I advise and finance companies in the field of digital infrastructures.

How has the mobile investment landscape changed over the past year in Germany?

Although major carriers increased their coverage, we felt that the key themes dominating the headlines were the Vantage Tower IPO as well as 1&1’s forward-looking strategy rolling out its mobile network.

What investment trends do you expect to see in the coming year?

We anticipate key investment themes around small cells and indoor coverage influenced by multiple stakeholder groups as well as equipment upgrades to enable IoT in a manufacturing context.

What do you expect most from Connected Germany?

(Re-)Connect with the industry and discover new trends and business opportunities.

The rapidly changing digital infrastructure investment landscape in Germany is a key topic at this year’s show Germany connected. Listen to Marco and the rest of our amazing list of speakers and register your spot for next week’s event!

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Now is the time to drive nearshore investment and production to the US and Central America https://mariannebluger.com/now-is-the-time-to-drive-nearshore-investment-and-production-to-the-us-and-central-america/ Tue, 29 Mar 2022 23:00:00 +0000 https://mariannebluger.com/now-is-the-time-to-drive-nearshore-investment-and-production-to-the-us-and-central-america/ Broken supply chains, canceled orders, exorbitant shipping costs, increased carbon emissions, products contaminated by forced labor and genocide are some of the challenges consumers have faced during the pandemic. Much may stem from America’s overreliance on China for consumer goods. As the pandemic continues, more global retailers recognize the risks of doing business in China. […]]]>

Broken supply chains, canceled orders, exorbitant shipping costs, increased carbon emissions, products contaminated by forced labor and genocide are some of the challenges consumers have faced during the pandemic. Much may stem from America’s overreliance on China for consumer goods.

As the pandemic continues, more global retailers recognize the risks of doing business in China. In turn, savvy companies are turning to the reliable and underutilized supply chains of their own backyards, and our American and neighboring Central American producers are poised to reap the rewards.

The basis for this movement of goods is already established in part through a trade agreement known as Free Trade Agreement between the Dominican Republic and Central America (CAFTA-DR). Although imperfect, the agreement’s rules-based textiles chapter was a key cornerstone that spawned a strong textile and apparel co-production chain with the United States, which facilitates $12.5 billion bilateral trade and supports more than one million workers in the United States and the United States. Region.

A viable supply chain in the CAFTA-DR region for textiles and apparel is one of our best counterweights to China’s global economic influence. It offers more ethical and sustainable sourcing options, fast time to market, rapid inventory replenishment, lower shipping costs and reduced carbon emissions. More importantly, these supply chains are devoid of the heinous human rights abuses sanctioned by the Chinese government.

Notably, the textile supply chain supports the production of essential personal protective equipment (PPE) needed to protect our public health and national security. This impacts over 8,000 pieces of equipment per year for our armed forces.

The agreement also acts as a stabilizing force in our region, promoting investment and production. Since CAFTA-DR, investments in the US spinning industry to supply our regional yarn market have been significant.

More recently, Parkdale Mills, America’s largest yarn producer, announced a Investment of $150 million in a new spinning plant in Honduras and a substantial investment to support existing operations in Hillsville, Virginia, which will create and support well-paying jobs in both countries.

Additionally, Unifi Inc., the largest producer of textured synthetic fibers and yarns in the United States and the region, is currently expanding and modernizing its polyester textured yarn facilities in North Carolina and El Salvador with new expenditures in capital. Gildan, a apparel company with 10 U.S. spinning mills employing 2,300 workers, has invested more than $500 million over the past 10 years in its U.S. operations that supply its operations in the region, supporting nearly 40,000 employees.

These are just three examples of the impacts of large US investments in the region, highlighting its growth potential. A report recently published by Werner Internationalconservatively estimates that if the region’s apparel exports to the United States were to double, a $6 billion in new investment would take place and 2.2 million jobs would be created in the United States and the CAFTA-DR region.

But instead of engaging in increased regional sourcing and taking advantage of this attractive co-production chain, a coalition of brands and distributors are discussing dismantling of this agreement in a backdoor boon for China. Changes to the forward wire rule would cripple our region and promote the ongoing race to the bottom.

We understand that these importers would prefer to replace American textiles with cheaper materials from non-market economies that depend on cotton grown in China’s Xinjiang region, a hotbed of forced labor and genocide.

Although we did not support CAFTA-DR initially due to concerns about American workers, we know that it was carefully designed to provide strict textile rules and considerable flexibilities not commercially available in the region or in the United States. United. It appears that the mechanics of the agreement are working as intended.

Weakening CAFTA-DR textile rules would devastate the textile and apparel industries of the United States and Central America, displacing an estimated 550,000 workers.

It is critical that we develop and promote policies that further stimulate capital investment and procurement commitments here at home and in our region. There are proactive policies outlined in the Werner International report that would help unlock more investment in the United States and the CAFTA-DR region, including supporting industrial expansion efforts, providing financing and loan, and other incentives.

By relying on domestic and regional co-production and sourcing, apparel brands and retailers can avoid the taint of Chinese supply chains that plague American and regional industries. Furthermore, it would support a strong and resilient textile and apparel production chain that responds quickly to crises, thereby improving our public health and military preparedness.

During the current supply chain crisis, the opportunities could not be riper to move textile and apparel production to our home and region, resulting in a win-win situation for American workers and of Central America, the environment and our supply chain.

Rep. McHenry represents North Carolina’s 10th District and is a co-chair of the House Textile Caucus and a senior member of the House Financial Services Committee. Rep. Pascrell represents New Jersey’s 9th District and is co-chair of the House Textile Caucus and a member of the House Ways and Means Committee.

The Hill has removed its comments section, as there are many other forums for readers to join in the conversation. We invite you to join the discussion on Facebook and Twitter.

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Concerted efforts needed to boost investment after COVID-19 – Gov’t Told https://mariannebluger.com/concerted-efforts-needed-to-boost-investment-after-covid-19-govt-told/ Wed, 16 Mar 2022 11:10:14 +0000 https://mariannebluger.com/concerted-efforts-needed-to-boost-investment-after-covid-19-govt-told/ The entrepreneurs have asked the government to meet them halfway as they make Uganda a top investment destination. These private sector actors argue that the policy environment must be made conducive and conducive enough for investments to thrive. They made the remarks today at the Bounce Back event organized in partnership with MoTIV and The […]]]>

The entrepreneurs have asked the government to meet them halfway as they make Uganda a top investment destination. These private sector actors argue that the policy environment must be made conducive and conducive enough for investments to thrive. They made the remarks today at the Bounce Back event organized in partnership with MoTIV and The Innovation Village, Uganda Investment Authority (UIA) at MoTIV premises under the theme “Investing in the face of adversity”. The objective of the event was to promote leading Ugandan companies in business agility, innovation and long-term sustainability.

The Covid-19 pandemic has caused a lot of distress to businesses and economies across the country. This has forced many companies to reinvent their business models, acquire new talent and integrate digital technologies. Today, innovation has become part of the economy, providing entrepreneurs with unlimited opportunities to revamp their businesses and bounce back from the impact caused by the pandemic.

Speaking at the event, Joseph Kiggundu, Director of the One Stop Center for Investment at the UIA, said: “Initiatives such as the Bounce Back event aim to showcase the different investment opportunities that exist in the countries and ensure that entrepreneurs use them to revive their businesses. . The Authority also wants to create a platform through which partnerships can be nurtured between investors. High on the agenda is also to provide assurance to current and future investors that creating a positive investment environment in Uganda is the government’s top priority. »

Japheth Kawanguzi, the team leader of MoTIV and the Innovation Village, said Uganda’s private sector contributes directly to accelerating economic growth, job creation, export earnings and social inclusion; businesses continue to operate in a challenging entrepreneurial environment. These range from lack of infrastructural support both financial and regulatory, to inadequate policies and professional capacity to produce quality products and services that have affected the ecosystem.

Japheth Kawanguzi

Kawanguzi noted, “For us to achieve economic recovery, we need to create an enabling environment that makes entrepreneurship in Uganda a very attractive sector to join. Creative thinking, innovation and investment opportunities can also contribute to business recovery. As builders of the entrepreneurial ecosystem, we have entered into discussions to facilitate the provision of start-up law and continue to support businesses towards recovery by providing business development training, a market and investment opportunities to help rebuild businesses and transform the socio-economic trajectory of the sector. to the top.”

One of the companies that remained resilient during the peak of COVID-19 is “Load KB »a startup providing solutions that solve the mobile power problem by integrating chargers into everyday use items such as car seat organizers, backpacks and more.

Geofrey Mutabazi, the founder of Charge Ko, said: “The pandemic came at a time when we wanted to scale our business. However, the confinement forced us to stop our activities and rethink our product offer. Today, our new product line Charge Ko – a power bank charger for phones, laptops and other electronic devices, has been embraced by the public in rural areas and businessmen who transact and make business online 24 hours a day. So, despite the challenges caused by the pandemic, it has given us the opportunity to reinvent ourselves to meet the needs of our customers.

With the economy fully open, the uncertainty caused by Covid-19 should diminish, now that many entrepreneurs are adopting new stimulus packages to build resilient and sustainable businesses. Actors from both the private and public sectors have come together to help businesses receive skills, access markets and finance to increase the number of jobs available to young people, improve import substitution and improve the quality of goods produced for domestic needs. and international markets.

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The new Atlantic TU will stimulate investment https://mariannebluger.com/the-new-atlantic-tu-will-stimulate-investment/ Wed, 09 Mar 2022 13:36:21 +0000 https://mariannebluger.com/the-new-atlantic-tu-will-stimulate-investment/ LAUNCHTánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar, TD and Minister of State for Trade Promotion, Digital and Business Regulation, Robert Troy, TD launching the plan to Regional Enterprise West last Friday on the GMIT campus in Castlebar, left to right: Stephen Creaner, Enterprise Ireland; Meabh Conaghan, Enterprise Ireland; Ricky Conneely, IDA; […]]]>

LAUNCHTánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar, TD and Minister of State for Trade Promotion, Digital and Business Regulation, Robert Troy, TD launching the plan to Regional Enterprise West last Friday on the GMIT campus in Castlebar, left to right: Stephen Creaner, Enterprise Ireland; Meabh Conaghan, Enterprise Ireland; Ricky Conneely, IDA; Minister of State, Robert Troy, TD; President Evelyn O’Toole; Tanner Leo Varadker, TD; Ray O’Connor, IDA; Louise Ward, Roscommon LEO and Helena Deane, WDC.Photo: Alison Laredo

Tánaiste launches Western Regional Business Plan

Anton McNulty

The new president of the new Atlantic Technological University (ATU) says she wants the new university to play a major role in attracting investment to the West.
Dr. Orla Flynn, the current president of GMIT, has been announced as the first president of the new Atlantic Technological University which will be officially established on April 1 next month. The new technology university will comprise the three existing institutes of technology in the region – Galway/Mayo Institute of Technology, Letterkenny IT and IT Sligo.
Speaking at GMIT’s Castlebar campus at the launch of the government’s Western regional business plan last Friday, Dr Flynn said the Mayo campus will be at the heart of what the regional business plan has to offer in the west.
“We will work hard to support businesses throughout the West and North West region and aim to be your higher institute of choice. All our doors will be open to you and this campus located in the heart of the region will be a gateway to all the strength that an Atlantic university can offer. My colleagues and I look forward to working with all of you to translate this plan into reality,” she said.
Tánaiste and Minister of Enterprise, Trade and Employment, Leo Varadkar, TD and Minister of State for Trade Promotion, Digital and Business Regulation, Robert Troy TD, visited the GMIT campus on Friday to launch the Western Regional Business Plan for Galway, Mayo and Roscommon as part of a €180 million investment in regional development.
Speaking at the launch, Minister Varadkar said his priority as minister was to create employment opportunities across the country and that 85% of new jobs are now created outside of Dublin.

‘Encouraging’
“Recent employment data shows that in all three counties, Mayo, Roscommon and Galway, there is a year-on-year increase in employment which is really encouraging,” he said.
He added that he believed the new Atlantic TU would be key to attracting investment to the west of Ireland.
“We need to prepare now for the jobs of the future and the jobs that don’t yet exist but will and we need to be ready for them. This campus is exactly the type of place that can make that transformation happen. On April 1, GMIT, along with IT Sligo and Letterkenny IT, will become the fourth technology university in Ireland to be known as Atlantic TU.
“The new TU will provide a multi-campus university presence across eight sites, including here at Castlebar, and I believe this will be a real benefit to the region, ensuring that more students from local areas can access third tier and attract more students. from other parts of Ireland and overseas.
“We know that local universities can attract investment to the locality and we have seen the success of UL [University of Limerick] and DCU in North Dublin when people were skeptical. No one now doubts the decision to give these institutions university status,” he said.
Central
Referring to the regional business plan, Minister Varadkar said he believed the West could become a powerhouse of renewable energy.
“This plan, which has been developed by the local community, will look at how we can strengthen and grow existing industries, such as life sciences, AgTech and food and of course the cultural and creative sector, and achieve the potential of new developing industries. , such as renewable energies. I believe the West has the potential to become a powerhouse of renewable energy, supplying the electricity needs of Ireland and also some of Europe. This plan aims to achieve that and other opportunities,” he said.
Welcoming the launch of the Western Regional Plan, Minister of State for Trade Promotion, Digital and Business Regulation Robert Troy TD congratulated Evelyn O’Toole, Chair of the Steering Committee of the West, along with Helena Deane, West Program Manager and committee members to deliver an exciting and ambitious plan for the region.
“This plan is a direct result of the ambition and collaboration of industry leaders, corporate agencies, local authorities and many others across the region to address the unique challenges and opportunities of the Where is.
“I had the pleasure of working with Evelyn and the committee throughout 2021 as they developed the new plan and I’m excited to see the final product. I was determined to ensure that funds were made available to pilot the regional business plans and I am very pleased that we have secured up to €180 million in funding over the next few years. This will enable the business community in Galway, Mayo and Roscommon to pursue this ambitious plan and I look forward to working with Evelyn and the Steering Committee as they begin implementation,” he said.

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