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Cayman Islands Event Planning and Management Services

Cayman Islands Event Planning and Management Services Company – LuxRoyale

LuxRoyale Conspicuously Stands Out From The Crowd, When Ranked among the Best, Event Planning and Management Companies In The Cayman Islands. Lux Royale Services Offers, Unique and Incomparable Memorable Moments, Of A Lifetime, For Its Valuable Clients.

Are you,your Company,or Club contemplating to hold a special event celebration in the Cayman Islands LuxRoyale Event Planning And Management Company will offer you the professional and most memorable service  | www.luxroyale.ky

LuxRoyale is a full service planning and design firm. Our process begins with our clients. Couples hire us to create a cohesive aesthetic and experience that is reflective of their personalities and style.

Our Greatest Concern Is Our Clients’ Satisfaction !!!! 

Website:  www.luxroyale.ky

Emails: rue@luxroyale.ky    hello@luxroyale.ky  

Call Rue Masuka For Appointments and Booking:   1 (345) 323 1895 (or Whatsapp)

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African Utility Week and POWERGEN Africa, a stalwart of the energy industry, has been rebranded as Enlit Africa – African Business

After two years in limbo, the African events industry is making a comeback in June 2022 in Cape Town, South Africa, with the latest edition of Africa’s most respected power and energy event: African Utility Week and POWERGEN Africa, which is now known as Enlit Africa.

VIEW THE ENLIT AFRICA PROGRAMME – https://bit.ly/3lAffQE 
Collaboration to fast-forward Africa’s energy transition
At COP26 in 2021, South Africa signed a $8.5 billion energy transition deal intended to contribute to the early retirement of coal plants, building cleaner energy sources and support of coal-dependent regions. But what does the transition away from coal mean for jobs in the coal mining sector and how does the country plan to reskill the existing workforce to move towards a greener economy by 2050?
The reality is that the transition away from coal threatens 120,000 jobs at heavily unionised mines and power plants, in a country that by some measures has the world’s highest unemployment rate and where one job often feeds a large family.
So how does a country overcome these challenges? The solutions will be unpacked during the Opening Keynote Session of Enlit Africa in Cape Town on Tuesday 7th June at the Cape Town International Convention Centre. Themed “Collaboration to Fast-Forward Africa’s Energy Transition’ and sponsored by GE, this critical discussion will see Eskom South Africa Group Chief Executive Andre de Ruyter, Mark Carrato coordinator of USAID’s Power Africa and other invited guests unpack these questions and suggest proposals that will advance the African energy transition in a way which is equally beneficial for the environment, communities and business.
REGISTER FOR YOUR FREE VISITOR PASS – https://bit.ly/3yTppU0

Vuka Group

After two years in limbo, the African events industry is making a comeback in June 2022 in Cape Town, South Africa, with the latest edition of Africa’s most respected power and energy event: African Utility Week and POWERGEN Africa, which is now known as Enlit Africa.

VIEW THE ENLIT AFRICA PROGRAMME – https://bit.ly/3lAffQE 

Collaboration to fast-forward Africa’s energy transition

At COP26 in 2021, South Africa signed a $8.5 billion energy transition deal intended to contribute to the early retirement of coal plants, building cleaner energy sources and support of coal-dependent regions. But what does the transition away from coal mean for jobs in the coal mining sector and how does the country plan to reskill the existing workforce to move towards a greener economy by 2050?

The reality is that the transition away from coal threatens 120,000 jobs at heavily unionised mines and power plants, in a country that by some measures has the world’s highest unemployment rate and where one job often feeds a large family.

So how does a country overcome these challenges? The solutions will be unpacked during the Opening Keynote Session of Enlit Africa in Cape Town on Tuesday 7th June at the Cape Town International Convention Centre. Themed “Collaboration to Fast-Forward Africa’s Energy Transition’ and sponsored by GE, this critical discussion will see Eskom South Africa Group Chief Executive Andre de Ruyter, Mark Carrato coordinator of USAID’s Power Africa and other invited guests unpack these questions and suggest proposals that will advance the African energy transition in a way which is equally beneficial for the environment, communities and business.

REGISTER FOR YOUR FREE VISITOR PASS – https://bit.ly/3yTppU0

A Just Energy Transition for Africa
Shiferaw Telila, CEO of Ethiopian Electric Utility, will be joined by Tanguy Bekale, Chair, African Group of Negotiators on Climate Change in Gabon, as well as representatives from Siemens and Ghana Electricity Company on the Day 2 Keynote Session of Enlit Africa. In this session, the conversation from the Day 1 opening keynote will be expanded to determine how opportunities such as those being opened up by Eskom’s Just Energy Transition Partnership in South Africa can be replicated across the African continent.

Enlit Africa will also ask the question: what needs to happen to avoid climate vulnerable, low carbon emission countries from slipping through the cracks as we pursue the energy transition?

The realities of a transition in Africa’s energy landscape need to be considered and carefully planned to avoid any number of challenges. These include a desire not to put African countries in debt to meet climate ambitions and recognition that as the continent that contributes the least to global emissions, Africa is in a unique position to ask for meaningful financial and technical contributions from the international community.

VIEW THE ENLIT AFRICA SPEAKERS – https://bit.ly/3wDqfTv

Enlit Africa joins forces with the best in the African energy industry

Enlit Africa aims to address these issues in detail, with speakers, sponsors and exhibitors from the across the entire African energy value chain — from energy investment to utilities, mining to engineering, industrial development to storage, Enlit Africa will cover it all.

The energy transition is more than just a transition to cleaner energy – it is a journey to a completely new energy landscape in which generation, transmission and distribution networks evolve and adapt to bi-directional electricity flows, distributed energy, intermittent renewable energy and other new grid technologies. However, this transition is not just about embracing the new – it is about understanding the role that more traditional infrastructure will play in the future and considering the role a multitude of technologies are going to play.

To do so, we must adapt – and that is part of the story behind our name change. At the beginning of 2021, we rebranded as Enlit Africa, transitioning to embrace the new dynamic and welcome the step change in Africa’s power and energy industry. Our programme reflects the entire power and energy landscape, asking the hard questions and providing the answers to the most challenging questions.

We believe that the collaborative efforts of civil society, government and all impacted stakeholders are necessary to ensure a just, sustainable, affordable and timely energy transition for Africa.

REGISTER FOR YOUR DELEGATE PASShttps://bit.ly/3LPqu2T  

Distributed by APO Group on behalf of Vuka Group.

For any queries please contact:
Claire Volkwyn
[email protected]

About Enlit Africa 2022:
7- 9 June 2022:
Enlit Africa 2022 (https://bit.ly/3PzKyZn) will return to the CTICC in Cape Town with a world-class exhibition, showcasing the latest technology and services on offer in the sector. Known for its compelling content and speakers, the organisers will not disappoint, with two keynotes and all of the content presented in speaking hubs on the expo floor. Conference delegates will also be able to enjoy the networking and site visits that the event has popularised for over two decades. Strict health and safety COVID-19 protocols will be observed.

Industry support:
Eskom, the Department of Mineral Resources and Energy and the City of Cape Town have been official hosting partners of the event for many years and 2022 will be no exception.

ESI Africa (www.ESI-Africa.com), the continent’s leading news provider for power and energy news, is the official host publication.

Enlit Africa is organised by The Vuka Group (https://weareVuka.com) (formerly Clarion Events Africa [www.ClarionEventsAfrica.com]), a leading Cape Town-based and multi-award-winning organiser of exhibitions, conferences and digital events across the continent in the infrastructure, energy, mining, mobility, ecommerce and CX sectors. Other well-known events by The Vuka Group  include DRC Mining Week (www.DRCMiningweek.com), Africa Mining Forum (www.AfricaMiningForum.com), Nigeria Mining Week (www.NigeriaMiningWeek.com), Smarter Mobility Africa (https://bit.ly/3LBPUA3), ECOM (https://ECOMmerce-africa.com) and CEM Africa (https://CEMAfricasummit.com).

More information can be found at www.Enlit-Africa.com

This Press Release has been issued by APO. The content is not monitored by the editorial team of African Business and not of the content has been checked or validated by our editorial teams, proof readers or fact checkers. The issuer is solely responsible for the content of this announcement.

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9th Africities Summit: Mrs. Fatimetou Abdel Malick Elected UCLG Africa New President – African Business

[embedded content]
The third day of the Africities was marked by the elective general assembly of United Cities of Local Government of Africa (UCLG Africa) (www.UCLGA.org). The general assembly elected the new office bearers of the organization, namely the 45 members of the UCLG Africa Pan African Council; the 15 members of the Executive Committee; the 5 members of the UCLG Africa Financial Management Committee; the 5 Vice Presidents, among which the Region of Nouakchott, Mauritania represented by its President, Mrs. Fatimetou Abdel Malick, was elected the new President of UCLG Africa.

“The mandate that is beginning will be the mandate of all challenges, which we can only take up together and each one separately in its segment. For my part, I will strive to carry our voice as far and as effectively as possible and to contribute to making our organization a key player at the continental level but also at the international level, ” she said. .
The new leadership of UCLG Africa elected for a 3-year mandate is composed as follows:  
UCLG Africa Presidency (5 Vice Presidents) : Region of Nouakchott (Ms. Fatimetou Abdel Malick), County of Kisumu (Prof. Peter Anyang’ Nyong’o), City of Libreville (Ms. Christine Mba Ndutume), Union of Cities and Communes of Côte d’Ivoire ( Hon Claude Paulin Danho), and Botswana Association of Local Authorities (Mr. Jeffrey Sibisibi); to which to add, ex officio, the City of Banjul, The Gambia, President of the Network of Locally Elected Women of Africa, REFELA (Mrs. Malick Lowe).
The Region of Nouakchott represented by Ms Fatimetou Abdel Malick, was elected the new President of UCLG Africa until the next general assembly due to take place in 2025.
UCLG Africa Executive Committee (15 members) : Kisumu County Government (Kenya); Rwanda Association of Local Authorities. RALGA, (Rwanda); Victoria District (Seychelles); Botswana Local Authorities Association (BALA), South African Local Government Association (SALGA); City of Kwe Kwe, Zimbabwe; La Faitière des Communes du Togo (FCT); Association of Local Authorities of Nigeria (ALGON); Union des Villes et Communes de Côte d’Ivoire (UVICOCI); Communes et Villes Unies du Cameroun (CVUC); Commune de Libreville, Gabon; Association des Maires de Congo (AMC); Region of Nouakchott; Moroccan Association of Presidents of Communal Councils (AMPCC, Morocco); and the Governorate of Cairo ( Egypt).
The Local Government Association of South Africa, SALGA (Cllr. Bheke Stofile) was designated to be the candidate of Africa for the Co-Presidency of the world organization of UCLG.

United Cities and Local Governments of Africa (UCLG Africa)

The third day of the Africities was marked by the elective general assembly of United Cities of Local Government of Africa (UCLG Africa) (www.UCLGA.org). The general assembly elected the new office bearers of the organization, namely the 45 members of the UCLG Africa Pan African Council; the 15 members of the Executive Committee; the 5 members of the UCLG Africa Financial Management Committee; the 5 Vice Presidents, among which the Region of Nouakchott, Mauritania represented by its President, Mrs. Fatimetou Abdel Malick, was elected the new President of UCLG Africa.

The mandate that is beginning will be the mandate of all challenges, which we can only take up together and each one separately in its segment. For my part, I will strive to carry our voice as far and as effectively as possible and to contribute to making our organization a key player at the continental level but also at the international level, ” she said. .

The new leadership of UCLG Africa elected for a 3-year mandate is composed as follows:  

UCLG Africa Presidency (5 Vice Presidents) : Region of Nouakchott (Ms. Fatimetou Abdel Malick), County of Kisumu (Prof. Peter Anyang’ Nyong’o), City of Libreville (Ms. Christine Mba Ndutume), Union of Cities and Communes of Côte d’Ivoire ( Hon Claude Paulin Danho), and Botswana Association of Local Authorities (Mr. Jeffrey Sibisibi); to which to add, ex officio, the City of Banjul, The Gambia, President of the Network of Locally Elected Women of Africa, REFELA (Mrs. Malick Lowe).

The Region of Nouakchott represented by Ms Fatimetou Abdel Malick, was elected the new President of UCLG Africa until the next general assembly due to take place in 2025.

UCLG Africa Executive Committee (15 members) : Kisumu County Government (Kenya); Rwanda Association of Local Authorities. RALGA, (Rwanda); Victoria District (Seychelles); Botswana Local Authorities Association (BALA), South African Local Government Association (SALGA); City of Kwe Kwe, Zimbabwe; La Faitière des Communes du Togo (FCT); Association of Local Authorities of Nigeria (ALGON); Union des Villes et Communes de Côte d’Ivoire (UVICOCI); Communes et Villes Unies du Cameroun (CVUC); Commune de Libreville, Gabon; Association des Maires de Congo (AMC); Region of Nouakchott; Moroccan Association of Presidents of Communal Councils (AMPCC, Morocco); and the Governorate of Cairo ( Egypt).

The Local Government Association of South Africa, SALGA (Cllr. Bheke Stofile) was designated to be the candidate of Africa for the Co-Presidency of the world organization of UCLG.

With women on the driving seat of our organization, UCLG Africa confirm its resolve to bring women centered. This is the winning Africa! This is what the world should know about Africa.” said the Secretary General of UCLG Africa, Jean Pierre Elong Mbassi.

Women’s Day: Improving women’s rights till we achieve gender equality

Women were on the spotlight during The Women’s Day at the Africities 9. Improving women’s rights till we achieve gender equality is achieved, is one of the main ambitions of UCLG Africa. During the proceedings session by the Network of Locally Elected Women of Africa (REFELA), the participants agreed that ensuring land ownership to women across the continent is one of the ways to achieve this objective. This is a critical factor for the social and economic empowerment of African women, whether they live in urban or rural areas. Women’s role as actors in the economic and sustainable development of territories has to be confirmed. And this approach is part of the REFELA’s campaign, “Women’s Economic Empowerment” 

“Agriculture is the largest sector in most of our economies contributing over 20% to the GDP and it heavily relies on women for labour, trading and processing of agricultural products. Therefore, if you really want to emancipate women and be inclusive in development, it is important to address the fundamental right to land for women. When women know they own the land they can make long term impactful decisions about it. One of the ways to do this is to ensure that there’s harmonization amongst laws like traditional laws, marital laws, land laws and the constitutions to avoid any conflict and ensure that the constitutions which guarantee land rights for women” said Joan Kagwanja, Chief of the Land Policy Initiative, United Nations Economic Commission For Africa.

During the Women’s Day, the REFELA presented the “Charter of Local Government on Gender Equality in Africa” which is intended to be a political instrument in favor of strengthening women’s rights at the sub national and local governments in Africa. This Charter commits the territories to fight all forms of discrimination against women to guarantee their inclusion in the development programs of the cities and territories of Africa. This response from African local governments deserves consideration beyond mere membership.

Young people should not shy away to offer themselves for leadership

African youth in its wide diversity is under-represented in the decision-making process. This first Youth Day of Africities addressed the way to improve the involvement of African youth to play a decisive role in local governance as well as at the national level. 

“We are galvanizing the energy of young elected leaders of Africa to confront these issues of policies that are not conducive to the development of young people. Young people should not shy away to offer themselves for leadership. The young people of Africa should not chicken out to take up the tough route of fighting and ensuring their voices are heard because real decision makers are not just listeners and beneficiaries of the youth programs and pronouncements. Look, at the age of 27 I was able to go through the difficult route of going through an election, defeating old and rich people that are usually greedy and have no vision to transform lives and give us the Africa we want to see and that is why I’m calling upon all youth to not fear because this is their continent and they are to blame if they do not carry the mantle of leadership” said George Mwanza, Mayor Of Chipata in Zambia.

Engaging larger and balanced territories

During this day, the question of leveraging the right partnerships in intermediary cities was at the core of the debates. By putting secondary cities at the heart of national urban strategies, national and local leaders will give a second chance to Africa by engaging larger and balanced territories, leaving no one and no place behind.

The City We Need Now! is a manifesto and a campaign towards the Africa we want. This campaign will not stop at summit in Kisumu. Campaigners will continue spreading the word and raising ambitions for African cities towards the 11th session of the World Urban Forum convened by UN-Habitat in Katowice, Poland, from 26 to 30 June 2022, as well as towards the United Nations Climate Change Conference (COP27) to be held in Sharm El-Sheikh from 7 to 18 November 2022. The campaign will engage the national and sub-national level, regional and local government organizations, civil society and grass roots organizations, urban professionals, researchers, youth and women groups and the media.

On 20 May in the morning, the focus will be on the official opening ceremony of the political segment, marked by the dialogue between former heads of state and young elected officials aged 35 or below leading a local government as mayor or president of a subnational local government.

 In the afternoon will held in parallel, the   meeting of ministers, the meeting of mayors and leaders of subnational governments, and the meeting of development partners. 

Distributed by APO Group on behalf of United Cities and Local Governments of Africa (UCLG Africa).

Download additional photoshttps://we.tl/t-b7EUtud7ot

Press contact: [email protected]

This Press Release has been issued by APO. The content is not monitored by the editorial team of African Business and not of the content has been checked or validated by our editorial teams, proof readers or fact checkers. The issuer is solely responsible for the content of this announcement.

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ESG case study: South Africa's SA Taxi attracts new set of investors – African Business

One of the largest developments in global capital markets over the last several years has been the rapid rise in institutional investors’ appetite for ESG (environmental, social & governance) investments.  According to the Bloomberg Sustainable Finance Market Outlook, in 2021, more than $1.6trn in sustainable debt instruments were issued, setting a new record and bringing the total market to over $4trn globally. The leap in this market in 2021 reflects an 87% annual growth rate since 2013.

Some African companies are following this trend, and finding that they can do well by doing good. That is what happened when SA Taxi issued its landmark R900m [approximately $55m] series of social bonds. By agreeing to a far-reaching set of social goals, the JSE-listed company was able to improve their cost of capital, and attract the attention of a new set of institutional investors who seek ESG investments.

“We decided to issue a social bond because we are privileged to be making an impact on bettering public transport, enabling financial and social inclusion and enhancing climate resilience,” said SA Taxi CEO, Terry Kier.

Robust social framework

SA Taxi is South Africa’s largest lender to taxi drivers for the purchase of minivans – South Africa’s de facto public transport system that moves 15m people daily. SA Taxi’s bond issuance was heralded as one of the first, largest and most comprehensive transactions of its kind in Africa. In order to access this rapidly growing pool of investment, the issuerof the bonds, SA Taxi, developed a robust social framework to communicate to investors, and other stakeholders, how the use of the bond proceeds would have environmental and social impact on South Africa.  

One of the largest developments in global capital markets over the last several years has been the rapid rise in institutional investors’ appetite for ESG (environmental, social & governance) investments.  According to the Bloomberg Sustainable Finance Market Outlook, in 2021, more than $1.6trn in sustainable debt instruments were issued, setting a new record and bringing the total market to over $4trn globally. The leap in this market in 2021 reflects an 87% annual growth rate since 2013.

Some African companies are following this trend, and finding that they can do well by doing good. That is what happened when SA Taxi issued its landmark R900m [approximately $55m] series of social bonds. By agreeing to a far-reaching set of social goals, the JSE-listed company was able to improve their cost of capital, and attract the attention of a new set of institutional investors who seek ESG investments.

“We decided to issue a social bond because we are privileged to be making an impact on bettering public transport, enabling financial and social inclusion and enhancing climate resilience,” said SA Taxi CEO, Terry Kier.

Robust social framework

SA Taxi is South Africa’s largest lender to taxi drivers for the purchase of minivans – South Africa’s de facto public transport system that moves 15m people daily. SA Taxi’s bond issuance was heralded as one of the first, largest and most comprehensive transactions of its kind in Africa. In order to access this rapidly growing pool of investment, the issuer
of the bonds, SA Taxi, developed a robust social framework to communicate to investors, and other stakeholders, how the use of the bond proceeds would have environmental and social impact on South Africa.  

In addition to developing the framework, SA Taxi sought an independent opinion on the framework from the rating agency, S&P Global, who now offer ratings not only on creditworthiness, but specifically on the issuer’s ESG framework. Much like a credit rating, the independent ESG opinion gives investors confidence in the issuer’s capacity to achieve the sustainability goals.

“Our Sustainable Financing Opinions help companies like SA Taxi provide investors with greater insight into how their investments will impact and align with environmental, social and sustainability goals. This helps issuers attract more investors and a greater amount of capital as an increasing amount of investment is directed to companies working to transition to Net-Zero and be in alignment with the Sustainable Development Goals,” said Susan Gray, Global Head of Sustainable Finance and Innovation, S&P Global Ratings Services.

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Core components align with internationally established principles

The SA Taxi Social Framework is aligned with several components of the Green Bond Principles and the Social Bond Principles, both of which were established by the International Capital Markets Association, a global not-for-profit association of over 600 capital markets players, headquartered in Switzerland. The core components of SA Taxi’s sustainable bond framework are:

  • Use of proceeds – the proceeds from the approximately $55m bond offering are being used for green and social projects, and financing necessary infrastructure important to development – namely, safe and reliable public transportation.
  • The process for project evaluation and selection. SA Taxi is committed to clear internal policies that govern the selection of eligible uses of the proceeds.
  • Management of proceeds – SA Taxi agreed to track and manage proceeds from the bond offering in a manner that ensures traceability and transparency of the funds and their allocation to green, social and sustainable activities.
  • Reporting – SA Taxi will report on the use of the proceeds from the offering, and the environmental and social impacts achieved. These reports will be conducted annually and will be made freely available on the company’s website.

In addition to mapping SA Taxi’s social framework to the components of the Green Bond and Social Bond Principles, S&P Global mapped the social framework to the United Nations’ Sustainable Development Goals (SDGs). The SDGs were established in 2015 as a global agenda to achieve sustainable development by the year 2030.

“When we were hired to arrange the bond offering, we convinced SA Taxi to prepare a comprehensive framework that would allow them to access the market repeatedly over time. Because of the comprehensive nature of a long-term, strategic framework, and the independent opinion on the framework, not just the bond, SA Taxi is able to go back to the bond markets again and again without having to create new criteria for each subsequent bond offering. Since the initial offering of R900m, SA Taxi has already been back to the market for another R500m offering [approximately $30m] under the same framework and opinion,” commented Anneke Lund, Executive Lead, Sustainable Finance, Standard Bank.

The use of S&P Global for the independent opinion was aligned with the goal of achieving validation from a well-known player in the international capital markets. Ms Lund continued, “Such an opinion is not necessary in order to bring a bond offering to market, and there are several competitors who provide similar services.”

ESG embedded in core culture

When asked if achieving the metrics laid out in the social framework is a burden to the company in terms of time, money and resources, SA Taxi CEO Terry Kier replied, “ESG elements are embedded into the core culture of SA Taxi. As such, maintaining the social requirements of the bond issuance occurs in the ordinary course of business with the oversight of our Investor Relations and Sustainability Manager.”

While some financing trends are fads, it appears that the global markets have aligned, and ESG financing is here to stay for the foreseeable future. African issuers, like SA Taxi, have much to gain by increasing the interest in their capital markets instruments, and thus reducing their cost of capital, while formalising, and seeking an independent opinion, on what they do already – contributing to Africa’s development.

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