EMGA Secures US$ 20M Debt Finance for Costa Rica’s Banco Improsa

LONDON, Oct. 31, 2022 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) for the second time working with Banco Improsa, secures this US$20M facility from the Spanish Agency for International Development Cooperation (AECID) – AECID (advised by COFIDES).

Commenting on the transaction, Felix Alpizar, General Manager of BANCO IMPROSA, said: “Banco Improsa is very honored to be recognized by AECID and COFIDES for both its track record and programs to finance and support Costa Rican micro, small and medium–sized enterprises (MSMEs). With this credit we will continue our contribution to the economic and social development of the country.”

EMGA's Head of Investment Banking Sajeev Chakkalakal said, "A pleasure again to facilitate Banco Improsa's continued vision of supporting SMEs within Costa Rica and complete this funding solution with AECID (advised by COFIDES)."

Jos Luis Curbelo, chairman and CEO of COFIDES, stated that "we are pleased to support AECID in its first impact project with EMGA and IMPROSA in the Central American region. The transaction will be used to finance small and medium enterprises in Costa Rica, which will contribute to the creation and maintenance of quality jobs and reducing inequalities. We look forward to continuing these strategic partnerships, which enhance economic growth in developing countries by strengthening the private sector through sound financial support."

Carlos Jimnez Aguirre, General Manager of FONPRODE and Head AECID's Financial Cooperation Department expressed that "the formalization of this transaction reflects Spanish Cooperation's aims to contribute to expand the financial support for Costa Rican micro, small and medium–sized enterprises (MSMEs), as MSMEs play a key role in creating and maintaining decent jobs and reducing inequalities. Our intention is to expand this kind of support to other Central American countries in providing access to finance to MSMEs, with a special focus on mainstreaming gender and climate change strategies in private sector activities."

Emerging Markets Global Advisory LLP, based in London, helps emerging market based financial institutions and corporates seeking new debt or equity capital.

Banco Improsa was founded in 1995 and is a niche bank with a specialization in providing financial solutions and services to MSMEs, which account for most of its portfolio. It has an extensive track record in providing support and advisory services to MSMEs. Banco Improsa's key success factor lies in its commitment to high standards of personalized, agile, and flexible service, which, together with customized financial solutions, have enabled it to achieve a solid position in these segments. Banco Improsa is part of Grupo Financiero Improsa (GFI).

Fund for the Promotion of Development (FONPRODE), managed by Spanish Agency for International Development Cooperation (AECID) with the support of COFIDES (Spanish Development Finance Institution). AECID is the main management body of Spanish Cooperation and is oriented towards the fight against poverty and the promotion of sustainable development. COFIDES provides support management for FONPRODE with reimbursable financing operations that promote social and economic development of partner countries through investments or transfers of economic resources with a reimbursable nature. FONPRODE may finance non–reimbursable and reimbursable debt and equity. Examples of refundable financing offered by FONPRODE are loans to financial service providers aimed at financial inclusion.

COFIDES, a state–owned company engaging in the management of State and third–party as well as its own funds, pursues several aims; internationalization of Spain's economy, furtherance of economic development and fortification of the solvency of companies affected by COVID–19. In addition to the Spanish State, its shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and Development Bank of Latin America (CAF).

Jeremy Dobson

info@emergingmarketsglobaladvisory.com


GLOBENEWSWIRE (Distribution ID 1000753987)

Conagen’s fermentation platform expands on promising novel forms of vitamin K2

Bedford, Mass., Oct. 31, 2022 (GLOBE NEWSWIRE) — Biotech innovator, Conagen announced the development of its fermentation–derived vitamin K2 – a high–purity all–trans menaquinone–7 (MK–7). This is the first molecule from a proprietary platform for producing novel, pure, long–chain menaquinone forms of the vitamin. The platform enables low–cost manufacturing and yields high–quality products, making it attractive to health brands.

"Conagen's MK–7 technology produces a clean profile of the vitamin without other similar molecules, such as ubiquinone," said Casey Lippmeier, Ph.D., senior vice president of innovation at Conagen. "Our process allows us to make pure forms of any long–chain menaquinone, be it 6, 7, 8, 9, and these can be consumed in various combinations with other vitamins or with each other to make the most effective supplement possible. As the clinical evidence evolves, so can the supplement."

Vitamin K2 helps to regulate calcium mobility in bones and restricts calcium buildup in blood vessels, leading to stroke and heart disease. MK–7 is the more bioavailable form of K2 on the market; the other major form is MK–4, which both have taken a strong position in the markets for bone and cardiovascular health.

The biological activity of MK–7 is strictly linked to its all–trans configuration, which is naturally found in fermented superfoods such as natto. Cis–analogues are considered biologically inactive. Synthetic versions of MK–7 contain some amount of the cis–isomer form. Low–quality sources containing cis forms affect the efficacy of the vitamin.

Other long–chain forms of vitamin K2, such as MK–8 and MK–9, exist naturally in cheeses. Research on the health benefits of these other K2 forms has only begun to emerge.

Personalized nutrition is popular with consumers looking for technological breakthroughs in functional foods and nutrition. Conagen's cost–effective fermentation–derived MK–7 provides new opportunities for brands to develop products to meet the demand of the growing aging population.

"We're demonstrating our capabilities with innovative technologies that expand market choices in nutrition," said Lippmeier. "Our fermentation and bioconversion platforms have also produced the clean nutrient ergothioneine and the antioxidant taxifolin, further demonstrating the versatility of our platform technologies."

Conagen's research into the MK–7 production process was done in part as a 3–year collaboration with the lab of Prof. Anthony Sinskey at the Massachusetts Institute of Technology.

Health brands interested in non–GMO, vegan vitamin K2 MK–4 and MK–7 and special ingredients, such as ErgoActive L–Ergothioneine and Taxifolin BC DHQ for nutrition and food and beverage preservation, respectively, can contact Blue California, a pipeline partner of Conagen. To inquire more about Conagen's products or partnerships, please visit www.conagen.com.

###

About Conagen

Conagen is a product–focused, synthetic biology R&D company with large–scale manufacturing service capabilities. Our scientists and engineers use the latest synthetic biology tools to develop high–quality, sustainable, nature–based products by precision fermentation and enzymatic bioconversion. We focus on the bioproduction of high–value ingredients for food, nutrition, flavors and fragrances, pharmaceutical, and renewable materials industries.

Attachments


GLOBENEWSWIRE (Distribution ID 8685378)

Conagen’s fermentation platform expands on promising novel forms of vitamin K2

Bedford, Mass., Oct. 31, 2022 (GLOBE NEWSWIRE) — Biotech innovator, Conagen announced the development of its fermentation–derived vitamin K2 – a high–purity all–trans menaquinone–7 (MK–7). This is the first molecule from a proprietary platform for producing novel, pure, long–chain menaquinone forms of the vitamin. The platform enables low–cost manufacturing and yields high–quality products, making it attractive to health brands.

"Conagen's MK–7 technology produces a clean profile of the vitamin without other similar molecules, such as ubiquinone," said Casey Lippmeier, Ph.D., senior vice president of innovation at Conagen. "Our process allows us to make pure forms of any long–chain menaquinone, be it 6, 7, 8, 9, and these can be consumed in various combinations with other vitamins or with each other to make the most effective supplement possible. As the clinical evidence evolves, so can the supplement."

Vitamin K2 helps to regulate calcium mobility in bones and restricts calcium buildup in blood vessels, leading to stroke and heart disease. MK–7 is the more bioavailable form of K2 on the market; the other major form is MK–4, which both have taken a strong position in the markets for bone and cardiovascular health.

The biological activity of MK–7 is strictly linked to its all–trans configuration, which is naturally found in fermented superfoods such as natto. Cis–analogues are considered biologically inactive. Synthetic versions of MK–7 contain some amount of the cis–isomer form. Low–quality sources containing cis forms affect the efficacy of the vitamin.

Other long–chain forms of vitamin K2, such as MK–8 and MK–9, exist naturally in cheeses. Research on the health benefits of these other K2 forms has only begun to emerge.

Personalized nutrition is popular with consumers looking for technological breakthroughs in functional foods and nutrition. Conagen's cost–effective fermentation–derived MK–7 provides new opportunities for brands to develop products to meet the demand of the growing aging population.

"We're demonstrating our capabilities with innovative technologies that expand market choices in nutrition," said Lippmeier. "Our fermentation and bioconversion platforms have also produced the clean nutrient ergothioneine and the antioxidant taxifolin, further demonstrating the versatility of our platform technologies."

Conagen's research into the MK–7 production process was done in part as a 3–year collaboration with the lab of Prof. Anthony Sinskey at the Massachusetts Institute of Technology.

Health brands interested in non–GMO, vegan vitamin K2 MK–4 and MK–7 and special ingredients, such as ErgoActive L–Ergothioneine and Taxifolin BC DHQ for nutrition and food and beverage preservation, respectively, can contact Blue California, a pipeline partner of Conagen. To inquire more about Conagen's products or partnerships, please visit www.conagen.com.

###

About Conagen

Conagen is a product–focused, synthetic biology R&D company with large–scale manufacturing service capabilities. Our scientists and engineers use the latest synthetic biology tools to develop high–quality, sustainable, nature–based products by precision fermentation and enzymatic bioconversion. We focus on the bioproduction of high–value ingredients for food, nutrition, flavors and fragrances, pharmaceutical, and renewable materials industries.

Attachments


GLOBENEWSWIRE (Distribution ID 8685378)

Dominica’s Anichi Resort & Spa provides a 2% annual return while under construction

Roseau, Oct. 31, 2022 (GLOBE NEWSWIRE) — Anichi Resort & Spa will be providing a 2% annual return to investors despite being under construction. The management of the much–anticipated five–star luxury resort and spa in Dominica has said that the project is in full swing, and that once construction is completed, annual returns will be based on the resort's operation.

Following an official update, an estimated 70% of the project is now complete; this includes the flooring as well as an extensive electricity infrastructure. The resort is being built on 12 acres of land, with 128 rooms. I will host world–class amenities, such as a lagoon swimming pool, an infinity pool, restaurants, a business centre and many others. Overlooking a picturesque beach, the resort will tastefully blend its modern architecture with the landscape's tropical foliage.

Developed by Oriental Developers (Caribbean) Ltd, the resort will form part of the Autograph Collection, a premium international brand developed by renowned hotelier Marriott International. This links the resort to more than 100 luxury lifestyle hotels across 30 countries and territories "" all of which have been constructed as part of Autograph Collection Hotels. Furthermore, Anichi Resort will be managed by Highgate, a dominant player in major US gateway cities with a growing footprint in the Caribbean and Latin America.

Anichi Resort & Spa is also one of the premium real estate options approved by the Dominican government's Citizenship by Investment (CBI) programme. The CBI Index of 2022, published by the PWM Magazine of the Financial Times, recognises it as the "World's Best Citizenship by Investment Programme". The minimum investment threshold for Anichi Resort & Spa is $220,000 (USD), an expenditure which also comes with lifetime Dominican citizenship and property ownership.

The resort will bolster the tourism sector and generate extensive employment for locals. The country already occupies a notable position, ranking first among 25 other Caribbean islands "" winning due to its lush green jungles, hot springs and striking black–sand beaches. Annually, scores of investors fly to Dominica owing to its large number of government–approved investment projects. The Citizenship by Investment Programme of Dominica allows these individuals to purchase freehold shares in government–approved properties.

Anichi Resort & Spa provides investors and CBI applicants with a Return on Investment (ROI) as well as a route towards diversifying their portfolios and planning their wealth.

The Prime Minister of Dominica, Dr Roosevelt Skerrit, praised the CBI Programme, "Thanks to the real–estate investment option of the Citizenship by Investment Programme," he noted, "the country is catching the attraction of travel–enthusiasts and is now known for [its] luxury tourism offering. Under the Citizenship Programme, investors looking to expand their real estate portfolio have the opportunity to invest in established luxury hotel brands and villas."

Dominica's real estate investment option has long provided premium, luxury projects for investment. A prior example of this is Secret Bay, a real estate property which paid out more than $1 million (USD) in returns to investors. The Residences at Secret Bay also promises great returns, having drawn more than 100 Citizenship by Investment (CBI) owners. The resort has already won a number of awards, and it is anticipated that Anichi Resort & Spa will likewise be counted as one of the jewels in Dominica's real estate crown.

Anichi Resort promises to be a meaningful asset during this time of global uncertainty. CS Global Partners, a legal consulting firm working in the investment citizenship field, noted that, beyond the resort's world–class architecture and lush surrounding environment, "[t]he project also brings in interest from investors keen to participate in the development through Dominica's Citizenship by Investment (CBI) Programme. Once completed, the resort promises to transform Dominica's tourism sector while also boosting employment for the local community".

Concurrently, Dominica is witnessing the construction of several other hotels, including a Hilton hotel, which will also fall under the government–approved real estate investment options of the country's CBI programme. Many of these properties are being built to be sustainable and climate–resilient, with the continued construction of such resorts and hotels positioning the island as a top destination for eco–luxury resorts.

Dominica's real estate is thus proving to be a popular option among investors and high net–worth individuals (HNWIs). Bolstering investment is the strength of the country's CBI programme. The credibility and trustworthiness of Dominica's programme has been maintained since its launch almost three decades ago, and it has been ranked the world's best CBI programme for its sixth consecutive year. Alongside alternative citizenship, the Citizenship by Investment Programme of Dominica provides a number of other opportunities to investors. These include:

  • The ability to become a global citizen and be part of a global community transcends Dominica's land borders.
  • The ability to hold multiple citizenships.
  • A citizenship that is granted for life and can be passed on to future generations.
  • An opportunity to provide families and children with a peaceful, stable, safe and welcoming home.
  • Access to countless business opportunities, with the option of portfolio diversification.
  • Enhanced opportunities for wealth planning and expanding business overseas.
  • A stable currency, with Dominica's currency, the East Caribbean Dollar (XCD), pegged to USD.

These factors, combined with alternative citizenship, present individuals with a rich array of business and personal advantages. As the success and promise of the Anichi Resort & Spa attest, the island along with its CBI programme offers investment with unrivalled returns.


GLOBENEWSWIRE (Distribution ID 8685334)

A New Digitalisation Effort in Bangladesh Could Change Community Health Globally

Data Entry by Specially Trained Community Health Worker in Bangladesh. Credit: Abdullah Al Kafi

By Morseda Chowdhury
DHAKA, Bangladesh, Oct 31 2022 – The digital transformation of thousands of community health workers in Bangladesh has dramatically enhanced their work, while enabling the creation and tracking of a healthcare database covering 64 million people. The resulting model holds remarkable promise for the health of the world, especially in the context of evolving pandemics.

Amid the COVID-19 pandemic, BRAC digitalised the work of our 4,100 shasthya kormi, specially trained community health workers, in Bangladesh. Shasthya kormi are women experienced in health education, antenatal and postnatal checkups, non-communicable disease prevention, reproductive health and nutrition. The digital transformation of their work created benefits on a remarkable number of levels, underscored the vast potential for further scaling, and yielded insights directly relevant to increasing the quality of healthcare globally.

Each shasthya kormi was given an Android tablet and trained in its use. That enabled immediate time saving in myriad ways: faster and more accurate record-keeping; reports conveyed online rather than in person; training conducted online and at convenient times rather than only at designated times in person; and related administrative travel and costs avoided. The time saved can exceed a full day every two weeks. The digital devices also enabled us to save approximately USD3.8 million per year in monitoring costs.

But that is just the beginning of the benefits. The digital tablets enhance the prestige of shasthya kormi, as they now have access to vital information at their fingertips. They can screen for diseases and conditions, confirm diagnoses, have complete confidence in describing required treatment and management, and arrange video chats with doctors and specialists. Their decision-making is quicker and more accurate, improving their quality of care and giving them more time to spend with patients.

Electronic reporting enabled the creation of a database that we expect will grow to cover 76 million people. That database can now be tracked and analysed for trends – in the incidence of disease or other conditions, in the delivery of services, and in outcomes. Those trends can be analysed and addressed in real time – locally and nationally, as BRAC’s shasthya kormi cover 61 of Bangladesh’s 64 districts.

For COVID-19, for instance, reports of symptoms and test results can be tracked, as can vaccinations and outcomes. Recognizing the incidence of positive test results in Bangladesh’s border regions is especially valuable to understanding how trends evolve across regions.

For tuberculosis, 1.4 million samples have been collected and tracked. Similarly, non-communicable diseases like hypertension and diabetes, for both of which the incidences are rising in Bangladesh, can be tracked and addressed. If anyone has high blood pressure, a shasthya kormi can precisely record it. A blood glucose test administered by a shasthya kormi can detect abnormal blood sugar levels indicating possible diabetes. The database can track the percentage of pregnant women who are at high risk.

The overall database – with its 150 data points so far – also enables cross-tabulation of facility-specific and community-specific data. It makes it possible to merge BRAC’s trend analyses with data from government and other institutions. It responds to internal migration, with each individual’s medical records linked to their government-issued national identification card – so each person’s health record moves with them.

When these benefits are combined with the cost-effective nature of this digital approach, the potential for scaling increases dramatically. Each digital tablet costs about $100, so 4,100 shasthya kormi can be equipped for less than half a million dollars. In addition, they save money through the efficiencies described above. Patients also save – out-of-pocket expenditure makes up 63% of medical expenses in Bangladesh, and tests conducted by shasthya kormi often cost one tenth what they would in a private clinic. This in turn also takes pressure off health facilities.

The initiative has enormous potential to scale further – within Bangladesh and around the world. Shasthya kormi can be recruited locally and trained in a matter of weeks. They can be equipped digitally without great expense. The quality of their work can be monitored digitally, and everyone benefits from the enhanced access to health care that results.

Key to scaling are several insights that emerged as we orchestrated this digital transformation.

First, it was critical to track data input closely from the start, to identify anyone struggling with the transformation. One of the first clues was a lot of data being entered after 5:00 pm. It was not because people did not know how to enter it, but because they were nervous about using the devices in public, and did not want to make errors in front of the people who trust them.

Once we saw this in the data and figured out the reason behind it, we could easily work with each person to overcome it. Early on, we created a team of 40 technical officers who provided additional training and support for anyone struggling. The help was provided in some cases over the phone, but otherwise in person. Initially most people needed it, but now only about 10% of people need assistance.

Second, the digital tablets enabled constant, on-demand professional development. Needs, equipment and trends change regularly in the health sector, and these changes can occur rapidly. Shasthya kormi could assess their skills at any time convenient to them using tests available on the tablet, and the module would identify weaknesses and suggest further training to address it. Managers could also track their supervisee’s progress. This enhanced the expertise of the network broadly.

Third, we observed a tendency to skip entering critical but more difficult to obtain inputs, like National Identity numbers and birth registration numbers. Fortunately, we can often fill gaps by cross-tabulating with our mobile-based cash transfer system. We also noticed that counselling information was not recorded as seriously as service data. Iterative training has gradually solved these challenges.

Fourth, the digital transformation addressed a decades-old challenge – prestige. Shasthya kormi are often taken for granted, and they are sometimes welcomed, sometimes not. In order to establish the rapport they need to do their work, however, which is often of a sensitive nature, particularly in conservative communities, it is crucial that they are accepted into every household. Digitalisation has elevated the level of respect they receive in the community, particularly among men.

The success of this digital transformation, if scaled, could change community health globally. The result would be superior primary health care service delivery, operational efficiency and establishment of an infrastructure for real time health trend analysis, in a time when we have never struggled more with quality and accessibility of health care around the world.

Morseda Chowdhury is Director of the Health, Nutrition, and Population Programme at BRAC in Bangladesh.

IPS UN Bureau

 


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A Tale of Cities

Credit: United Nations

By Haoliang Xu
UNITED NATIONS, Oct 31 2022 – For decades, urban practitioners have failed to consider the needs of women in city decision-making and planning. Imagine being a young girl in a bustling metropolis.

Every day she hesitates to go to school, tries different routes on the public bus, walks miles in the hot sun, to avoid the sexual harassment that has become a daily occurrence in public spaces.

Or if you are a restaurant worker or coffee shop server you worry after a late-night shift about the dark alleys and the steps down to the subway station not knowing if you will face an attacker tonight.

Or delay repeatedly going to the free Covid-19 vaccine clinic because it is far away from home, because of long lines, but most importantly because there are no public toilets there. For women and girls across the world, that is often their reality.

Barriers and vulnerabilities have worsened due to the global drivers of change such as climate change, rapid urbanisation, and conflict.

Approximately 4.5 billion people, or 55% of the world population, live in urban areas, and 50% of the world’s population is made up of women and girls.

The design and layout of cities and infrastructure have a significant impact on women’s life experiences and opportunities they can access.

In a world filled with multiple challenges it is easy to push this issue aside and say this is a problem only of a handful of cities, it doesn’t impact me. But data says otherwise. For instance, in New York City, women spend an average $26 to $50 extra on transport per month for safety reasons.

A study of 28 global cities found that women were 10% more likely than men to feel unsafe in metros, and 6% more likely to feel unsafe on buses. In Ireland, 55% of women feel unsafe in public transport after dark and in the UK, 97% of young women have reported sexual harassment in public spaces.

In Jordan, 47% of women surveyed had turned down a job opportunity citing affordability and availability of public transport, and public sexual harassment as key reasons. And evidence shows that during the pandemic, urban spaces became even more hostile for women and girls.

However, this is not inevitable; cities can become a welcoming, safe and equal playing field for all. That is why the new report Cities Alive: Designing Cities that Work for Women’ released last week is such a timely intervention.

Co-authored by UNDP, along with our partners Arup and the University of Liverpool it outlines a strong blueprint on how to remove the gender bias built into cities and improve women’s safety, their health, education and employment.

Drawing on the voices and experiences of women globally, as well as prevalent data and research, the new report focuses on four critical themes:

Safety and security– Creating safer streets, providing safer mobility, and incorporating violence prevention laws and raising awareness.

Justice and equity– Ensuring gender-responsive planning in national laws, supporting the collection of gender disaggregated data, supporting women participating in urban governance at all levels.

Health and wellbeing – Creating inclusive public and green areas, enhancing access to water, hygiene and sanitation facilities, increasing access to physical and mental healthcare and nutrition facilities and providing adequate accommodation and housing models.

Enrichment and fulfilment– Providing accessible and inclusive workplaces and schools, providing safe and inclusive leisure and cultural spaces, designing for diverse and flexible use of public spaces and using the built environment to uplift women and recognize their history.

Focused on solutions, the report outlines to decision makers and urban practitioners the tools they need to move beyond dialogue to actively involving women at every stage of city design and planning – from inception to delivery.

Importantly, the report shows how increasing the participation of women in urban governance at all levels is a prerequisite for better functioning cities, with case studies of what is working from Bogota to Nairobi to San Francisco.

We know that achieving gender equity is pivotal to all the Sustainable Development Goals, agreed by world leaders in 2015. With a rapidly approaching deadline of 2030 for the Global Goals, ensuring our cities work for women and girls is a giant step forward in that direction.

Haoliang Xu is UN Assistant-Secretary-General and Director of UNDP’s Bureau for Policy and Programme Support

IPS UN Bureau

 


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Russian Dispute Over Drones Threaten to Escalate World Food Crisis

Workmen at a Dar es Salaam harbour loading bags of wheat destined for Central Africa. Credit: FAO/Giuseppe Bizzarri

By Thalif Deen
UNITED NATIONS, Oct 31 2022 – A war of words between Russia on the one hand, and the US, Britain, France and Germany on the other—specifically on the deployment of drones in Ukraine — has triggered an unintended consequence: a new world food crisis.

The Western powers last week asked the UN to verify whether Iranian drones were being used “illegally” in violation of the 2015 Security Council resolution 2231 which endorsed the Joint Comprehensive Plan of Action (JCPOA) on Iran’s disputed nuclear programme.

But Iran has denied it had supplied Unmanned Aerial Vehicles (UAVs)—or drones– to Russia. So have the Russians.

Russia’s First Deputy Permanent Representative to the UN, Ambassador Dmitry Polyanskiy, insisted last week that drones used in Ukraine were Russian-made — not Iranian.

He also warned UN Secretary-General Antonio Guterres and his staff not to engage in any “illegitimate investigation” of drones used in Ukraine.

And Russia pushed back further — and said it will re-consider its cooperation with the UN on the Black Sea Grain Initiative, thereby barring Ukraine grain exports.

As expected, Russia pulled out of the deal threatening food security worldwide.

The world is facing a global hunger crisis of unprecedented proportions – we are at a critical crossroads. Up to 50 million people in 45 countries are on the brink of famine, says WFP. Credit: WFP/Eulalia Berlanga in South Sudan.

As of October 30, the total tonnage of grain and food stuffs moved from Ukrainian ports. under the Initiative, was 9.6 million tons.

UN Spokesperson Stephane Dujarric said October 30 that the Secretary-General “is deeply concerned about the ongoing situation regarding the Black Sea Grain Initiative”.

“The Secretary-General continues to engage in intense contacts aiming at the end of the Russian suspension of its participation in the Black Sea Grain Initiative”, he added.

The same engagement, Dujarric pointed out, also aims at the renewal and full implementation of the initiative to facilitate exports of food and fertilizer from Ukraine, as well as removing the remaining obstacles to the exports of Russian food and fertilize

Danielle Nierenberg, President Food Tank, told IPS Russia’s decision to halt grain shipments is using food as a weapon.

As a result, she pointed out, food prices across the world will increase and people, especially in sub-Saharan Africa, will suffer the most.

“There will likely be food riots and increased malnutrition,” she predicted.

The Russian war against Ukraine, she argued, demonstrates that our global food systems are fragile.

“What we need are more local and regional food and input production to ensure food security”, said Nierenberg, whose non-profit organization aims at reforming the food system with the goal of highlighting environmentally, socially, and economically sustainable ways of alleviating hunger, obesity, and poverty.
www.foodtank.com

The President of Ukraine Volodymyr Zelensky is quoted as saying that Russia has been “deliberately aggravating” the world’s food crisis.

“Russia is doing everything to ensure that millions of Africans, millions of residents of the Middle East and South Asia, will find themselves in conditions of artificial famine or at least a severe food crisis”.

The world has the power to protect people against this, he declared.

Since Russia’s invasion of Ukraine, beginning February 2022, exports of grain from Ukraine, as well as food and fertilizers from Russia, have been significantly hit, according to the United Nations.

“The disruption in supplies pushed soaring prices even higher and contributed to a global food crisis. The Black Sea Grain Initiative, brokered by the United Nations and Türkiye, was set up to reintroduce vital food and fertilizer exports from Ukraine to the rest of the world.”

Ukraine, one of the world’s largest grain exporters, normally supplies around 45 million tonnes of grain to the global market every year but, following Russia’s invasion of the country, mountains of grains built up in silos, with ships unable to secure safe passage to and from Ukrainian ports, and land routes unable to compensate, the UN said.

“This contributed to a jump in the price of staple foods around the world. Combined with increases in the cost of energy, developing countries were pushed to the brink of debt default and increasing numbers of people found themselves on the brink of famine.”

On 22 July, the UN, the Russian Federation, Türkiye and Ukraine agreed the Black Sea Grain Initiative, at a signing ceremony in Türkiye’s largest city, Istanbul.

The deal allowed exports from Ukraine of grain, other foodstuffs, and fertilizer, including ammonia, to resume through a safe maritime humanitarian corridor from three key Ukrainian ports: Chornomorsk, Odesa, and Yuzhny/Pivdennyi, to the rest of the world.

To implement the deal, a Joint Coordination Centre (JCC) was established in Istanbul, comprising senior representatives from the Russian Federation, Türkiye, Ukraine, and the United Nations.

According to procedures issued by the JCC, vessels wishing to participate in the Initiative will undergo inspection off Istanbul to ensure they are empty of cargo, then sail through the maritime humanitarian corridor to Ukrainian ports to load.

The corridor was established by the JCC and monitored 24/7 to ensure the safe passage of vessels. Vessels on the return journey will also be inspected at the inspection area off Istanbul.

Meanwhile, a statement released on October 30 says the UN Secretariat convened all delegations earlier Sunday at the Joint Coordination Centre in a plenary format.

During the session, the delegation of the Russian Federation informed that while it suspends its participation in the implementation of the activities of the Initiative, including in inspections for an indefinite time, it will continue the dialogue with the United Nations and the Turkish delegation on pressing issues.

The Russian Federation also expressed its readiness to cooperate remotely on issues that require immediate decision by the JCC.

The Secretariat, in close cooperation with the Turkish delegation at the JCC, continues to engage all representatives to offer options on next steps regarding the JCC operations in accordance with the goals and provisions stated in the Initiative.

In order to continue fulfilling the Initiative, it was proposed that the Turkish and United Nations delegations provide by October 31 ten inspection teams aimed at inspecting 40 outbound vessels. This inspection plan has been accepted by the delegation of Ukraine. The Russian Federation delegation has been informed.

Currently, there are 97 loaded vessels and 15 inbound vessels registered for JCC inspection around Istanbul. There are an additional 89 that have applied to join the Initiative.

In addition, the Ukrainian, Turkish and United Nations delegations agreed on a movement plan for the maritime humanitarian corridor of 14 vessels, 12 outbound and four inbound.

The UN delegation, in its capacity as JCC Secretariat, has informed the delegation of the Russian Federation on the movements in accordance with the JCC established procedures.

As per JCC procedures, all participants coordinate with their respective military and other relevant authorities to ensure the safe passage of commercial vessels under the Black Sea Grain Initiative.

There was no movement of vessels in the corridor on 30 October. There are currently 21 vessels engaged in the Initiative that are in or near the three Ukrainian ports with a capacity of over 700,000 metric tons, including IKARIA ANGEL, a vessel chartered by the World Food Programme loaded with 30,000 metric tons of wheat for the emergency response in the Horn of Africa, the UN said.

According to the Rome-based World Food Programme (WFP) last month, the world faces a global hunger crisis of unprecedented proportions.

In just two years, the number of people facing, or at risk of, acute food insecurity increased from 135 million in 53 countries pre-pandemic, to 345 million in 82 countries today.

Fuelled by conflict, climate shocks and COVID-19, the crisis is escalating as the war in Ukraine drives up the costs of food, fuel and fertilizers. Millions of people are struggling to put food on the table and are being driven closer to starvation in a storm of staggering proportions.

“We are at a critical crossroads. We need to rise to the challenge of meeting people’s immediate food needs, while at the same time supporting programmes that build long-term resilience”.

The alternative is hunger on a catastrophic scale,” the WFP warned, long before the current grain crisis.

IPS UN Bureau Report

 


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Talabatey Integrates First Orion’s ENGAGE® Technology to Brand Mobile Communication

NORTH LITTLE ROCK, Ark., Oct. 31, 2022 (GLOBE NEWSWIRE) — First Orion, the leading provider of branded communication solutions for businesses, today announces its partnership with Talabatey, the largest app–based food delivery service in Iraq. Integrating First Orion's Branded Communication solution into the Talabatey app allows the food delivery service to increase efficiency and customer trust by branding outbound phone calls to its customers.

Food delivery services rely heavily on making timely phone calls and customers want to know who is calling and why. Survey results released in 2022 found that 93% of consumers want a call when there's a problem or substitution needed with their order and two–thirds of consumers would consider switching to a delivery service that could properly identify its calls.

"We continuously search for ways to improve the customer experience and make deliveries as efficiently as possible. Providing customers with the confidence to answer our calls and engage with our delivery drivers has led to reduced delivery times and food waste," said Omar Albanna, CEO of Talabatey. "Integrating First Orion's ENGAGE SDK into our app was a simple process, allowing us to change how our customers experience our calls quickly.”

First Orion's ENGAGE product improves both driver and customer satisfaction by restoring trust in the phone call and increasing answer and engagement rates. The ENGAGE SDK easily integrates into mobile apps and empowers businesses to display their name, logo and reason for calling on the call recipient's mobile device while calling and in the call log afterward on both Android and iOS devices.

"Demand for Branded Communication solutions continues to grow in the Middle East, and businesses in the time–sensitive food delivery industry are rapidly adopting the technology," said Temim Nawaf Adwan, MEAA managing director at First Orion. "Companies utilizing these solutions have experienced an improvement in engagement between the delivery driver and customer and overall operational efficiency. Talabatey will also resell branded calling to its massive network of SMEs to help them penetrate and integrate into the Iraqi market effectively."

For more information about First Orion's Branded Communication solutions, visit firstorion.com, and to learn more about Talabatey, visit talabatey.com.

About First Orion
First Orion Corp. is one of the fastest–growing telecommunications solutions providers and offers industry–leading branded communication and communication protection solutions to mobile carriers and businesses. Branded Communication products, INFORM and ENGAGE , empower consumers to connect over a branded and verified call and are used by hundreds of companies worldwide. First Orion's Communication Protection suite offers scam, fraud, and spoof protection solutions to hundreds of millions of consumers and processes more than 100 billion calls annually for T–Mobile, Metro by T–Mobile and Boost Mobile Networks. For more information, visit firstorion.com.

First Orion Media Relations
media@firstorion.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/35cf4206–250e–4093–b963–44a6f3b4ddc9


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Farm-Kids-Turned-Scientists Give Back on the Climate-Crisis Front Line

Dr Alice Karanja is a post-doctoral research fellow at the World Agroforestry Center (ICRAF) in Nairobi, Kenya, where her research focuses on restoration of agricultural landscapes based on regenerative agriculture for biodiverse, inclusive, safe, and resilient food systems. Credit: Paul Virgo/IPS

Dr Alice Karanja is a post-doctoral research fellow at the World Agroforestry Center (ICRAF) in Nairobi, Kenya, where her research focuses on restoration of agricultural landscapes based on regenerative agriculture for biodiverse, inclusive, safe, and resilient food systems. Credit: Paul Virgo/IPS

By Paul Virgo
ROME, Oct 31 2022 – Dr Alice Karanja knows from personal experience the tough choices the climate crisis is putting people before in the Global South. Choices such as whether to have a healthy diet or give your children an education. Choices such as whether to go hungry or allow your children to have any schooling at all.

Having grown up on a small farm in Kenya, Karanja’s family made those tough calls and the huge sacrifices necessary to enable her to go all the way in education, obtaining a PhD in Sustainability Science from the University of Tokyo, Japan.

“I grew up on the slopes of Mount Kenya to a smallholder farming family,” Karanja told IPS at the recent World Food Forum at the Rome headquarters of the United Nations Food and Agriculture Organization (FAO).

“Both my parents are small-scale farmers. My motivation for my work is inspired by what I saw when I was growing up.

“In Africa one of the issues that is affecting us regards the limited set of crops that are grown, mostly maize, wheat and rice. So when people grow maize, they expect then to get some income to get some vegetables or fruit to include in their diets. But often, because of climate change, that money can only be channeled to other needs of the household.”

“I observed my parents and how they were affected, and still are affected, by climate change in terms of extreme weather patterns, prolonged droughts, inconsistent rainfall patterns.

“The income that they got from their farms sometimes was mostly used to support us with education or health, while the expectation was that we could diversify our diets at home.

“In Africa one of the issues that is affecting us regards the limited set of crops that are grown, mostly maize, wheat and rice. So when people grow maize, they expect then to get some income to get some vegetables or fruit to include in their diets. But often, because of climate change, that money can only be channeled to other needs of the household.”

Karanja is now using her skills to help people just like her parents.

She is a post-doctoral research fellow at the World Agroforestry Center (ICRAF) in Nairobi, Kenya, where her research focuses on restoration of agricultural landscapes based on regenerative agriculture for biodiverse, inclusive, safe, and resilient food systems.

She also plans to pilot food-tree portfolios in Zambia to help smallholder families obtain year-round access to nutritious foods, diversify their incomes, and boost their resilience to increased food prices and climate change.

“Most of my work is at the intersection of resilience to climate change in terms of livelihoods, food security and conservation and the use of agro-biodiversity for improved diets,” Karanja said.

“For the past two years in my work at ICRAF, I have been looking at the role of agricultural biodiversity and the interplay it has with dietary diversification, also looking at how this interplay affects nutritional status, especially for women and children”.

Many other experts selected to take part in the Young Scientists Cohort (YSG) at the World Food Forum had similar stories.

Ram Neupane decided to study agriculture after being born on a small family farm in Gorkha, Nepal, and seeing the economic and psychological implications of devastating plant diseases.

Ram Neupane. Credit: Paul Virgo/IPS

“Climate change is a tentacular threat to all aspects (of life) and plant health is affected too,” Neupane, who is pursuing a dual-title doctorate in plant pathology at Penn State University in the United States thanks to a scholarship, told IPS.

“Novel pathogens and viruses are emerging right now because of climate change. I am from one of the more rural parts of Nepal. I was raised in a farming family, so I have first-hand experience of the impact on the farming community there. For example, in my village, the main crop is rice and most of the rice is rain fed.”

“When there is rainfall, farmers plant their rice. Due to climate change there has been irregularities in the timing and frequency of rainfall and this is affecting planting times.

“This, in turn, affects the whole cropping system.

“This has led to flows of people going from more rural areas to urban areas because farming is no longer profitable”.

Dr. Peter Asare-Nuamah, a lecturer at the University of Environment and Sustainable Development, Ghana, employs his quantitative and qualitative research skills and experience to offer solution-oriented contributions to issues of climate change, food security, adaptation and environmental management, particularly in smallholder agriculture systems in developing economies.

“I chose this (career path) because of what I saw about climate change,” Asare-Nuamah told IPS.

“I work within the context of climate change and smallholder agriculture systems.

“I was born in a rural farming community where we engage in cocoa, cassava and other food crops, and you could see the impact of climate change.

“At the time the conversation about the impact of climate change was not so high, it had to do with high political level discussions, and I thought there was a need to engage individuals in the conversation on how to address climate change.

“People from my community are suffering. They plant (crops) and because of the absence of rainfall, the plants do not ripen. Even if they ripen, they give very low yields.

“There are pests and disease all over the world and in Ghana we are currently suffering with fall armyworm, which has arrived because of climate change and is having devastating consequences.

“Smallerholder farmers feed a lot of the population of the African continent but they have not been able to push themselves out of poverty and they continue to struggle.

 

Dr. Peter Asare-Nuamah, lecturer at the University of Environment and Sustainable Development, Ghana. Credit: Paul Virgo/IPS

Dr. Peter Asare-Nuamah, lecturer at the University of Environment and Sustainable Development, Ghana. Credit: Paul Virgo/IPS

 

Education is an issue. Basic necessities are also an issue.

“So all this combines to put them in a position where they are highly vulnerable.

“Even though African economies contribute less than 3% to global carbon emissions, the impact is so high in this part of the continent.

“This calls for the need to address climate change, how developed economies, which have contributed so much to climate change, can come together and help smallholder farmers and developing economies to mitigate some of the challenges caused by the actions and inactions of some of the developed economies.

“So these are the issues that drove me personally to go into the climate change arena, so I can contribute to making sure that we have solutions for smallholder farmers, we have conversations, we have financing, and we are able to build the capacities of smallholder farmers”.

ROSEN, SKILLED INVESTOR COUNSEL, Encourages Rite Aid Corporation Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – RAD

NEW YORK, Oct. 30, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Rite Aid Corporation (NYSE: RAD) between April 14, 2022 and September 28, 2022, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 19, 2022.

SO WHAT: If you purchased Rite Aid securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Rite Aid class action, go to https://rosenlegal.com/submit–form/?case_id=9388 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 19, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) despite representations to the contrary, the number of new members (i.e., "lives") that Elixir's (a subsidiary of the Company) pharmacy benefit management ("PBM") services business was adding during the selling season ending on January 1, 2023 was in material decline; (2) Rite Aid was likely to recognize a significant charge for the impairment of goodwill related to Elixir due to a decrease in "lives" covered by Elixir's PBM services business; and (3) as a result, the Company's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Rite Aid class action, go to https://rosenlegal.com/submit–form/?case_id=9388 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


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