THE PRAX GROUP ANNOUNCES SUCCESSFUL CLOSING OF A US$300 MILLION PRIVATE CREDIT FACILITY

London, Sept. 12, 2023 (GLOBE NEWSWIRE) — The Prax Group (“Prax”) "" a British multinational, independent global energy conglomerate dealing in crude oil, petroleum products and biofuels, with a complete integration across the oil value chain, from upstream to midstream and downstream "" has announced the successful closing of a new privately placed c.US$300 million (equivalent) Term Loan Facility (the “Facility”). The Facility achieved a substantial oversubscription and was upsized from an original US$250 million, with four institutions participating in the transaction, including three new lenders.

The Private Credit team at HSBC Bank plc (“HSBC”) acted as Sole Mandated Lead Arranger of the transaction. Funds managed by institutional investors including Chimera Abu Dhabi ("Chimera") and Orchard Global Asset Management ("Orchard Global") acted as lenders alongside HSBC.

Ben Lahnstein, Group Chief Financial Officer, Prax, said: “The success of the transaction highlights the confidence our lending groups have in Prax and the depth of our banking and investor relationships. This latest funding has diversified our funding sources and strengthened our balance sheet. It provides us with a solid financial platform from which to execute future M&A activities, and deliver sustainable, profitable growth."

The new Facility will be used to refinance the maturing five–year term loan tranche from 2018, as well as for strategic acquisitions.

| ENDS |

Notes to Editors

About The Prax Group: Headquartered in the UK, the Prax Group is a British multinational, independent exploration and production, refining, storage, distribution and sales conglomerate dealing in petroleum products and bio–fuels. The Prax Group has a complete integration across the whole oil value chain, from upstream to midstream and downstream, with offices in London, Houston and Singapore. The Group strives to limit its carbon footprint and to embrace the advent of transitional fuels.

www.prax.com

Corporate Headquarters:
Prax Group
York House
45 Seymour Street
London W1H 7JT
United Kingdom
Email: press@prax.com

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GLOBENEWSWIRE (Distribution ID 8921162)

Nyxoah Participera à la Conférence Cantor Fitzgerald Global Healthcare

Nyxoah Participera la Confrence Cantor Fitzgerald Global Healthcare

Mont–Saint–Guibert, Belgique "" 12 septembre 2023, 22:30 CET / 16:30 ET "" Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) ( Nyxoah ou la Socit ) opre dans le secteur des technologies mdicales et se concentre sur le dveloppement et la commercialisation de solutions innovantes destines traiter le Syndrome d'Apnes Obstructives du Sommeil (SAOS). La Socit a annonc aujourd'hui qu'elle participera la confrence Cantor Fitzgerald Global Healthcare, qui aura lieu du 26 au 28 septembre 2023 New York.

Olivier Taelman, CEO de Nyxoah, prsentera une mise jour de la socit le mardi 27 septembre 2023, 9h45 EST. Le webcast de la prsentation sera disponible dans la section Events du site web des relations avec les investisseurs de Nyxoah. La socit sera galement disponible pour des runions 1×1 avec les investisseurs institutionnels participant la confrence.

La prsentation de Nyxoah aux investisseurs peut tre consulte dans la section Shareholder Information de la page Investor Relations de la socit.

propos de Nyxoah
Nyxoah opre dans le secteur des technologies mdicales. Elle se concentre sur le dveloppement et la commercialisation de solutions innovantes destines traiter le Syndrome d'Apnes Obstructives du Sommeil (SAOS). La principale solution de Nyxoah est le systme Genio , une thrapie de neurostimulation du nerf hypoglosse de nouvelle gnration centre sur le patient, sans sonde ni batterie implante et destine traiter le Syndrome d'Apnes Obstructives du Sommeil (SAOS), le trouble respiratoire du sommeil le plus courant au monde. Ce dernier est associ un risque accru de mortalit et des comorbidits cardiovasculaires. Nyxoah est motiv par la vision selon laquelle les patients souffrant de SAOS devraient profiter de nuits reposantes et se sentir en mesure de vivre pleinement leur vie.

la suite de la finalisation probante de l'tude BLAST OSA, le systme Genio a reu le marquage europen CE en 2019. Nyxoah a ralis deux introductions en bourse avec succs : sur Euronext en septembre 2020 et au NASDAQ en juillet 2021. Suite aux rsultats positifs de l'tude BETTER SLEEP, Nyxoah a obtenu l'approbation marquage CE pour le traitement des patients atteints de Collapse Circonfrentiel Complet (CCC), actuellement contre–indiqu dans les thrapies concurrentes. De plus, la Socit mne actuellement l'tude pivot DREAM IDE en vue de l'approbation FDA et de la commercialisation aux tats–Unis.

Pour plus d'informations, visitez http://www.nyxoah.com/

Attention "" Marquage CE depuis 2019. Dispositif exprimental aux tats–Unis. Limit par la loi fdrale amricaine une utilisation exprimentale aux tats–Unis.

Contact :
Nyxoah
David DeMartino, Chief Strategy Officer
david.demartino@nyxoah.com
+1 310 310 1313

Pice jointe


GLOBENEWSWIRE (Distribution ID 1000839179)

Nyxoah to Participate in the Cantor Fitzgerald Global Healthcare Conference

Nyxoah to Participate in the Cantor Fitzgerald Global Healthcare Conference

Mont–Saint–Guibert, Belgium "" September 12, 2023, 10:30pm CET / 4:30pm ET "" Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) ("Nyxoah" or the "Company"), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that the Company will participate in the Cantor Fitzgerald Global Healthcare Conference, which takes place September 26 "" 28, 2023 in New York, New York.

Olivier Taelman, Nyxoah's Chief Executive Officer, will deliver a corporate update on Wednesday, September 27, 2023, at 9:45am EST. A webcast of the presentation will be available on the Events section of Nyxoah's Investor Relations website. The Company will also be available for 1×1 meetings with institutional investors attending the event.

Nyxoah's Investor Presentation can be accessed on the Shareholder Information section of the Company's Investor Relations page.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah's lead solution is the Genio system, a patient–centered, leadless and battery–free hypoglossal neurostimulation therapy for OSA, the world's most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors' therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and U.S. commercialization approval.

For more information, please visit http://www.nyxoah.com/.

Caution "" CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Contact:
Nyxoah
David DeMartino, Chief Strategy Officer
david.demartino@nyxoah.com
+1 310 310 1313

Attachment


GLOBENEWSWIRE (Distribution ID 1000839179)

Nyxoah to Participate in the Cantor Fitzgerald Global Healthcare Conference

Nyxoah to Participate in the Cantor Fitzgerald Global Healthcare Conference

Mont–Saint–Guibert, Belgium "" September 12, 2023, 10:30pm CET / 4:30pm ET "" Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) ("Nyxoah" or the "Company"), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that the Company will participate in the Cantor Fitzgerald Global Healthcare Conference, which takes place September 26 "" 28, 2023 in New York, New York.

Olivier Taelman, Nyxoah's Chief Executive Officer, will deliver a corporate update on Wednesday, September 27, 2023, at 9:45am EST. A webcast of the presentation will be available on the Events section of Nyxoah's Investor Relations website. The Company will also be available for 1×1 meetings with institutional investors attending the event.

Nyxoah's Investor Presentation can be accessed on the Shareholder Information section of the Company's Investor Relations page.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah's lead solution is the Genio system, a patient–centered, leadless and battery–free hypoglossal neurostimulation therapy for OSA, the world's most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors' therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and U.S. commercialization approval.

For more information, please visit http://www.nyxoah.com/.

Caution "" CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Contact:
Nyxoah
David DeMartino, Chief Strategy Officer
david.demartino@nyxoah.com
+1 310 310 1313

Attachment


GLOBENEWSWIRE (Distribution ID 1000839179)

ملتقى الاستثمار السنوي يعلن عن هويته الجديدة تحت مسمى قمة (AIM) للاستثمار

أبوظبي (الإماراتالعربية المتحدة) 12 سبتمبر 2023: أعلنتاللجنة المنظمةلقمة AIM للاستثمار "ملتقىالاستثمارالسنوي" أحدأكبر التجمعاتالاستثماريةحول العالم،عن انطلاق فعالياتالدورة الثالثةعشرة تحت شعار "التكيفمع تحول المشهدالاستثماري: تسخيرإمكانات جديدةلتطوير التنميةالاقتصاديةعالميًا "،بحلتها الجديدةوذلك خلال الفترةمن 7 إلى 9 مايوالمقبل، في مركزأبوظبي الوطنيللمعارض.

وتستضيفالعاصمة أبوظبيللسنة الثانيةعلى التواليفعاليات قمة(AIM)للاستثماربدعم من وزارةالصناعة والتكنولوجياالمتقدمة،ودائرة التنميةالاقتصاديةأبوظبي(الشريكالرئيسي)،بعد النجاحالباهر الذيحققته الدورةالسابقة، باستقطاب10313مشاركاًمن 175دولةحول العالم،وشهدت 281جلسةضمت 693متحدثاً.

وتسعىالقمة من خلالتنظيم باقة منالفعالياتوالأنشطة المتنوعة،إلى توفير منصةمثالية تجمعنخبة القادة،والمسؤولينالحكوميين،وصنّاع القراروالسياسات،ورجال الأعمال،وكبار المستثمرينالإقليميينوالدوليين،وكبريات الشركاتوالمنظماتالعالمية، علىمدار ثلاثة أياملتسليط الضوءعلى المستجداتفي المشهد الاستثماريالعالمي، والخروجبحلول مبتكرةلمواجهة التحدياتوالمتغيراتالحالية والمستقبلية،وصولًا إلىاقتصاد عالميمزدهر ومستدام.

وقالمعالي الدكتورثاني بن أحمدالزيودي، وزيردولة للتجارةالخارجية:"نجحتقمة (AIM)للاستثمارعلى مدار أكثرمن عقد في تقديممنصة رائدةلصناع القراروقادة الأعمالوالمستثمرينوالمسؤولينالحكوميينلمناقشة واستكشافسبل جديدة لتعزيزالتعاون الاقتصاديوالاستثماريعالمياً."

وأضافمعاليه إن استضافةمثل هذه الفعالياتالدولية المهمةتعزز المكانةالاستراتيجيةلدولة الإماراتعلى خريطة الاستثمارالعالمية بوصفهاوجهة استثماريةمفضلة للاستثماراتالدولية الباحثةعن فرص للنمووالتوسع والازدهار،بالإضافة إلىكونها واحدةمن أكبر الدولالمستثمرة حولالعالم، كماتتماشى مع توجهاتدولة الإماراتالاستثماريةالرامية إلىالمساهمة فيتخطي التحدياتالراهنة التيتواجه الاقتصادالعالمي، وتحقيقالتنمية والازدهاروالاستدامةفي الدول المستقبلةللاستثماراتالإماراتية.

منجانبه، قالمعالي أحمد جاسمالزعابي، رئيسدائرة التنميةالاقتصاديةأبوظبي:"انطلاقًامن النجاح الملحوظالذي حققتهالدورة السابقةمن قمة (AIM)للاستثمار،فإننا نعمللتلبية مستوىعال من توقعاتمجتمع الاستثمارالعالمي.باعتبارهاعاصمة رؤوسالأموال، تقودأبوظبي المحادثاتالعالمية حولتوقعات وديناميكياتالاستثمار فيعصر يتسم بالتحولاتالضخمة.نسعىلتحفيز واستقطابوتوجيه الاستثماراتالداخلية والخارجيةمن خلال نهجيرتكز على جعلالتنمية البشريةومعايير الاستدامةوتوظيف التكنولوجياالمتقدمة المحوروالمحرك الرئيسيلخطط التنميةالاجتماعيةوالاقتصاديةعلى المستويينالمحلي والدولي،فضلًا عن دعمجداول الأعمالالبيئية والاجتماعيةوالحوكمة،وتعزيز التعاونوالعمل الدوليالمشترك لتحسينجودة الحياةللجميع."

وقالداوود الشيزاويرئيس مؤسسة(AIM)العالمية:"فيظل ما يشهدهالعالم من تحدياتمختلفة مثل تغيرالمناخ، وتحدياتسلاسل الإمدادالعالمية،والأمن الغذائي،وتضخم الأسعار،وبالتزامن معاستمرار انخفاضالنمو الاقتصاديالعالمي، يأتيالإعلان عنالهوية الجديدةلقمة (AIM)للاستثمارلتوفير منصةمثالية لنخبةالقادة وصناعالقرار حولالعالم لتبادلالخبرات والتجاربوالآراء حولكيفية التصديلتلك التحدياتوإعادة تشكيلمشهد التجارةوالاستثمارالعالمي.

وتنظمالقمة باقة منالفعاليات ضمنمحوري الاستثماروالابتكاروالتكنولوجيا،حول موضوعاتمختلفة تشملالزراعة، والطاقة،والتكنولوجيا،والصناعة،والسياحة،والشحن، والخدماتالمالية، والصحةوالتعليم، وذلكبالتعاون مععدد من الهيئاتالدولية مثلمنظمة الصحةالعالمية، والسياحة العالمية،واليونيدو،والأونكتاد،ومنظمة التجارةالعالمية،ومنظمة التعاونالاقتصاديوالتنمية،والوكالة الدوليةللطاقة المتجددة.

انتهى

لأيةاستفساراتأوللرغبةفيالحصولعلىالمزيدمنالمعلوماتالرجاءعدمالترددبالاتصالفيأيوقتشيرينالمسلمي
M:+971 526998032

pr.media@aimcongress.com

GLOBENEWSWIRE (Distribution ID )

Institutional Investor Launches 2023 Developed Europe and 2023 Emerging EMEA Research Rankings

BofA Securities and BNP Paribas Exane share first place as top research provider in the Developed Europe survey

BofA Securities, HSBC and J.P. Morgan share top spot in Emerging EMEA

LONDON, Sept. 12, 2023 (GLOBE NEWSWIRE) — Institutional Investor Research (II Research) surveys are the leading provider of market sentiment in the financial industry. Research budgets remain flat and asset managers are using fewer analysts, but demand for bespoke opinion means that close client relationships and "trusted source" status becomes more important than ever before. With MiFID regulations potentially being rolled back across Europe and UK, the focus on the provision of quality research advisory services may result in a more competitive environment and we may see an increase in research teams across the industry.

There were no changes to the industry and country sector categories this year. The 2023 Developed Europe Research results reflects the opinions of 5,462 portfolio managers and analysts (up from 4,692 in 2022) from 1,813 institutions (up from 1,696 in 2022). The total number of votes has also increased from last year, by 11%. Over 180 firms have submitted centralised or coordinated votes, underscoring the robust nature of the results as an accurate reflection of market sentiment.

Results Highlights

Developed Europe Research

The Leaders' Board remains intensely competitive, with seven companies competing for the honour of being rated best research house. BofA Securities and BNP Paribas Exane were ranked in first place, both with 38 published positions. J.P. Morgan once again follows in third place taking 31 positions with UBS achieving fourth place with 30 ranked teams. Barclays built on the momentum they gathered in 2022, gaining three published positions and rising to 5th overall; Morgan Stanley places sixth. The largest gain on the Leader's Board came from Jefferies in seventh, which gained 10 positions from 2022. Citi, Bernstein and Kepler Cheuvreux take the final three places in the Developed Europe Top 10, displacing Credit Suisse that shared joint 11th place with Societe Generale.

BNP Paribas Exane once again claims first place in the analyst–ranked tables with 44 positions, followed by BofA Securities (41), J.P. Morgan (35 positions) and Barclays (31), which climbed two places.

Emerging EMEA Research

HSBC and J.P. Morgan were joined by BofA Securities as joint first place in the Emerging EMEA Leaders' Table all with 17 published positions. Morgan Stanley took fourth place with 8 positions. Citi and UBS shared fifth.

In the commission–weighted analyst tables, the top three positions were unchanged; HSBC came first with 33 published positions, followed by J.P. Morgan with 22 positions and BofA Securities with 18. Morgan Stanley pushed up seven places to 15 to take fourth and UBS came fifth place with 13 positions to complete the leading winners. Vote participation up 14% this year with 934 voters from 286 companies.

David Enticknap, Head of II Research said "With MiFID regulations potentially being rolled back across Europe and UK, the focus on the provision of quality research advisory services may result in a more competitive environment, and we may see an increase in research teams across the industry. The Institutional Investor rankings represent the gold standard in assessment of quality in equity research, recognised globally for the integrity of the process and depth of coverage."

The results can be found here: https://www.institutionalinvestor.com/research

For more information, or a demo on how to interrogate the data, contact Augusta McKie, Sales Director Research (EMEA), augusta.mckie@iiresearch.com

To share your position on your website content, advertisements, communications and marketing collateral, please contact marketing@iiresearch.com.

Media contact

David Bowen, Director of Marketing, Institutional Investor Research david.bowen@iiresearch.com

About Institutional Investor Research

For over 50 years, Institutional Investor has been conducting independent research surveys with global investment professionals who evaluate and determine the best performing sell side service providers, asset managers and CEOs, CFOs, IROs and IR Programs across Europe, Emerging EMEA, Asia Pacific, North America and Latin America. The research data independently captures evaluations of companies, investment professionals and executives from investment managers, banks, research providers and corporate issuers, to deliver detailed peer–to–peer comparative analyses every year; the feedback helps inform strategic decision making and improve resource and process management.

Follow Institutional Investor Research here https://www.linkedin.com/showcase/11222447


GLOBENEWSWIRE (Distribution ID 8920402)

Institutional Investor Launches 2023 Developed Europe & Emerging EMEA Executive Team Rankings

LONDON, Sept. 12, 2023 (GLOBE NEWSWIRE) — Institutional Investor Research (II Research) surveys are the leading provider of independent performance validation and market sentiment across 8 global capital markets. Executive Team surveys are an independent platform for investment and sell–side professionals to evaluate credibility, communication, financial stewardship and capital allocation of corporate leadership, the quality of IR across multiple activities and the effectiveness of the Board of Directors. The results from the survey, an in–depth capability and benchmark analysis, capture the feeling and trust levels of stakeholders in their equity assets.

This year saw 2,733 CEOs, CFOs, and IROs from 1,266 nominated companies receiving votes in the survey. Combined voters saw 1,872 voters from 851 voting companies. The number of votes increased by over 20% since 2022 for the Developed Europe survey and 46% for the Emerging EMEA survey.

2023 Emerging EMEA Executive Team "" Core results

281 companies and 503 individuals were nominated across 11 sectors.

Eight companies clinched a clean sweep first place in the combined rankings in five voting areas for Best CEO, Best CFO, Best Investor Relations Professional, Best IR Company, Best Analyst/Investor Event, Best ESG Metrics, and Best Company Board in their respective sectors:

Al Rajhi Bank (Saudi Arabia, Financials), Coca–Cola Icecek (Turkey, Consumer), Haci Omer Sabanci Holding (Turkey, Industrials), Hellenic Telecommunications Organization (Greece, Technology, Media & Telecommunications), Lamda Development (Greece, Construction & Real Estate), MLP Saglik Hizmetleri (Turkey, Health Care & Pharmaceuticals), Mytilineos Holdings (Greece, Metals & Mining) and Petkim Petrokimya Holding (Turkey, Chemicals).

2023 Emerging EMEA Executive Team "" Large Cap results

95 companies and 197 individuals were nominated across 11 sectors.

Six companies clinched a clean sweep first place in the combined rankings five of the seven aforementioned voting areas:

Al Rajhi Bank (Saudi Arabia, Financials), Emaar Properties (United Arab Emirates, Construction & Real Estate), Hellenic Telecommunications Organization (Greece, Technology, Media & Telecommunications), Koc Holding (Turkey, Industrials), Opap (Greece, Consumer) and Turk Hava Yollari (Turkey, Transportation).

2023 Emerging EMEA Executive Team "" Small & Midcap results

186 companies and 306 individuals were nominated across 11 sectors.

Ten companies obtained a clean sweep first place in the combined rankings in five of the seven aforementioned voting areas:

Aegean Airlines (Greece, Transportation), Coca–Cola Icecek (Turkey, Consumer), Haci Omer Sabanci Holding (Turkey, Industrials), Lamda Development (Greece, Construction & Real Estate), MLP Saglik Hizmetleri (Turkey, Health Care & Pharmaceuticals), Motor Oil (Hellas) Corinth Refineries (Greece, Oil & Gas), Mytilineos Holdings (Greece, Metals & Mining), Petkim Petrokimya Holding (Turkey, Chemicals), Piraeus Financial Holdings (Greece, Financials) and Turk Telekomunikasyon (Turkey, Technology Media & Telecommunications).

Amani Korayeim, Director for Europe and Emerging EMEA, says "The Institutional Investor rankings are recognised as an industry benchmark by its stakeholders and determine compensation packages and KPIs for IR teams that are empowered and valued by their leadership teams. Investor Relations is critical in shareholder value creation. In fact, good IR, often recognised through the Institutional Investor's rankings, can deliver a competitive advantage, and help companies trade at a premium. Conversely, poor IR can lead to the company being traded at a discount, create greater volatility and higher cost of capital. The highest ranked companies in our surveys tend to measure and monitor the effectiveness of their IR activities very closely. These are the teams that take a strategic and deliberate approach to their market engagement, use underlying research data and perception intelligence to continually optimise their IR interaction to close the gap between their competition and lock in prospect targets through a more personalised and targeted outreach. Congratulations to all the top ranked companies this year, we are particularly excited about the new names and regions that are represented in what the market defines as Best in Class IR."

For the full list of published winners, please visit www.institutionalinvestor.com/research.

Awards & Licences

Institutional Investor owns the copyright to all survey and awards logos. To acquire access to the Institutional Investor award or survey logo for use in client pitch books, annual reports, websites, email signatures, local advertising, social media etc., please contact marketing@iiresearch.com

Ranking Analysis & Perception Intelligence

To request further information on how you can access the underlying survey research to identify strength and opportunities in IR through a multi–dimensional comparative peer analysis, please contact amani.korayeim@iiresearch.com

Media contact

David Bowen, Director of Marketing, Institutional Investor Research david.bowen@iiresearch.com

About Institutional Investor Research

For over 50 years, Institutional Investor has been conducting independent research surveys with global investment professionals who evaluate and determine the best performing sell side service providers, asset managers and CEOs, CFOs, IROs and IR Programs across Europe, Emerging EMEA, Asia Pacific, North America and Latin America. The research data independently captures evaluations of companies, investment professionals and executives from investment managers, banks, research providers and corporate issuers, to deliver detailed peer–to–peer comparative analyses every year; the feedback helps inform strategic decision making and improve resource and process management.

Follow Institutional Investor Research here https://www.linkedin.com/showcase/11222447


GLOBENEWSWIRE (Distribution ID 8920411)

What Happens in the Arctic Does Not Stay in the Arctic

Northern and Southern Trade Routes. Credit: European Space Agency

By Jan Lundius
STOCKHOLM, Sweden, Sep 12 2023 – While climate change is relentlessly progressing, threatening life on earth, world leaders continue to meet while planning for a future where this immense menace to human existence remains a minor item on the agenda.

Read more »

African Women’s Reproductive Rights under Threat: Global Pushback Puts Lives at Risk

Credit: UNFPA/Marielle Sander

 
Women’s bodies should not be held captive to choices made by governments or individuals, the UN Population Fund (UNFPA) said, as it launched its flagship State of the World’s Population Report for 2023, released April 2023. According to the UN, more than half of global population growth between now and 2050 is expected to occur in Africa. Africa has the highest rate of population growth among major areas. The population of sub-Saharan Africa is projected to double by 2050. A rapid population increase in Africa is anticipated even if there is a substantial reduction of fertility levels in the near future.

By Dorothy Akongo, Flata Mwale and Vivian Mugarisi
KAMPALA/LUSAKA/HARARE, Sep 12 2023 – Almost 30 years ago in 1994, the world witnessed a historic event as 179 nations convened on African soil, in Cairo, for the International Conference on Population and Development (ICPD).

In an unprecedented moment of collective action, Heads of State adopted a revolutionary Programme of Action and called for women’s reproductive health and rights to take center stage in national and global development efforts.

This summer, in another first, the Women Deliver Conference had its annual meeting in Kigali, Rwanda. As the largest conference on gender equality in the world with 6,000 in-person delegates and a further 200,000 remote participants, the event was a welcome symbol of Africa’s commitment to the rights of women and girls.

Despite this, it was frustrating to witness echoes of the global pushback currently plaguing the reproductive justice movement and how decades of progress on sexual and reproductive health and rights (SRHR) continue to face assault.

Speaking at the opening ceremony, the Hungarian President drew controversy for championing her ‘pro-family’ ideals in sharp contrast to the purpose that had united many of the delegates present.

President Katalin Novák, a key player in the movement opposing women’s and girls’ rights, notably access to safe and legal abortion, has publicly asserted that Hungarian women “should not compete with men” or expect to earn equal pay. She publicly envisioned her teenage daughter being empowered to choose a path of mothering a substantial number of children, “even 10 children if she chooses to”.

As part of a 40-women delegation from the Women in Global Health network, we experienced the clash firsthand. Three decades since Cairo, and the struggle for women’s and girls’ rights continues, but as African health professionals and agents of change in the systems we deliver, so does our determination to sustain progress on the continent.

We have much to be proud of. In November 2021, Benin’s Parliament voted to legalize abortion in most circumstances. The Democratic Republic of the Congo, the first country in Francophone Africa to do so, expanded access to abortion care, and endorsed guidelines to implement the directives of the African Protocol on the Rights of Women (the Maputo Protocol).

In July 2022, Sierra Leone took steps to modernize outdated abortion laws following decades of advocacy by the women’s movement and government officials.

Despite these advances, women and adolescent girls in Africa continue to have some of the world’s highest maternal death and morbidity rates. With low access to modern contraceptive methods and quality, safe and legal abortion, stalling progress means life and death for many women and girls.

The COVID-19 pandemic revealed the failure of many governments to integrate a gender-responsive approach in national health systems on SRHR. During the emergency response, SRHR services were not always deemed essential and sidelined, resulting in a surge of gender-based violence, unintended pregnancies and unsafe abortions.

Access to modern contraception and reproductive health, fundamental to determining whether and how many children to have, when and with whom, remains inaccessible for many adolescent girls and women. Quality, safe abortion care is a right. Restrictions on abortion do not eliminate abortion; they only eliminate safe abortions, resulting in women’s deaths.

According to global estimates up to 10 million more girls will be at risk of becoming child brides in the next decade as a result of the COVID-19 pandemic.

Reports also indicate that though all women and girls globally face discrimination in laws, social norms and practices, women and girls in Africa bear the highest share of discrimination in terms of intra-household dynamics and caregiving roles, working environments including harmful practices such as domestic violence and female genital mutilation.

Women health workers are grossly underrepresented in health leadership and this is a key factor in the current push back on SRHR. Women comprise the majority of the health workforce, given they are 70 percent of the overall workforce globally and 90 percent of frontline staff, yet they occupy just 25 percent of leadership roles.

For lower- and middle-income regions such as Africa, the percentage of women in leadership is as low as five percent. As the majority of frontline health professionals, women health workers have a deeper understanding of the health needs of their communities including SRHR needs. This power imbalance at decision-making tables excludes their valuable experiences and expertise to shape policies and programs that adequately address the health needs of women and girls.

Compounding this, 70% of women in Africa are said to be excluded financially, with an estimated gap of $42 billion between men and women. Around six million women work unpaid and underpaid in core health systems roles, effectively subsidizing global health.

Health and care are essential employment sectors for women and have the potential to unlock gender transformative lessons for the rest of the economy by addressing systemic biases that hinder women’s empowerment. Investing in the health workforce, the majority of whom are women, is a sound investment with potential gains for health systems, social change, and economic growth.

The role of women health workers delivering SRHR services in health systems cannot be overestimated. Women health workers typically counsel and support women and girls in accessing a range of modern contraceptives and in dealing with high-risk or unwanted pregnancy.

They brave violence and harassment from anti-rights protestors at quality, safe abortion facilities. They face online abuse and threats when expressing views in favor of SRHR, especially safe abortion.

As a platform, the Women Deliver Conference provided an opportunity for gender advocates and Civil Society Organizations to amplify efforts towards promoting a gender-responsive agenda among policy players and government leaders. While several countries have ratified human rights declarations over the years, not enough has been done to live up to the promise of making gender equality a reality.

Women’s movements and their allies are pivotal for mobilizing the necessary political will needed to drive progress on SRHR. As members of Women in Global Health, a movement challenging power and privilege for gender equity in health, we are calling on political and global health leaders to establish the following:

    1. Gender responsive UHC that ensures all people have access to the services they need, when they need them including access to sexual and reproductive health and rights (SRHR) for women and girls.
    2. Gender Equal and diverse leadership in Global Health based on Gender Transformative Leadership. This offers equal opportunities for women to lead in health and contribute to shaping health systems and health policies that are gender responsive. This is critical if we are to achieve health for all.
    3. Gender equity in emergency preparedness and response. We are calling for continuation of essential health services, including SRHR, and the protection of health workers to be central in these political agreements.

Movements such as ours are pivotal in building allyship between health workers and national leaders in the delivery of SRHR while also safeguarding health outcomes for future generations. Across Africa, reducing health inequities and maternal mortalities is of paramount concern.

African countries have the opportunity to secure the foundation for just societies and health for all, what we need now is to hold firm against the global pushback on reproductive rights and deliver on the promises made to women and girls.

This article was authored by Members of the African Women in Global Health network:
Dorothy Akongo, Research and Advocacy Manager, Busoga Health Forum and Coordinator, Uganda Chapter; Flata Mwale, Global Health Professional and Deputy Country Lead, Zambia Chapter; Vivian Mugarisi, Public Health Communications Specialist, Zimbabwe Chapter.

IPS UN Bureau

 


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World Leaders Offered “15 Minutes of Fame” at UN’s High-Level Meeting

Credit: United Nations

By Thalif Deen
UNITED NATIONS, Sep 12 2023 – Everyone in this world is entitled to 15 minutes of fame– is a legendary quote mis-attributed to the American pop icon Andy Warhol.

Over the years, the United Nations has laid down its own 15-minute rule for world leaders addressing the UN General Assembly.

And this year is no exception, as the UN readies to host over 150+ world leaders at the high-level segment of the 78th session of the General Assembly, beginning September 19.

In a message to Ambassadors and heads of missions in New York, Movses Abelian, Under-Secretary-General for General Assembly and Conference Management says: “I would like to take this opportunity to emphasize that, in accordance with existing practice at the general debate, a voluntary 15-minute time limit should be observed and the list of speakers has been prepared on the basis of a 15-minute statement by each delegation.”

But as tradition and protocol demands, it is member states, including political leaders and ambassadors, who reign supreme at the United Nations, not the Secretary-General or senior UN officials.

And no president of the General Assembly, the UN’s highest policy-making body, has the right to interrupt or curtail the prerogative of a president or prime minister to speak uninterruptedly—at his or her own pace.

In a bygone era, the UN installed a light on the speaker’s rostrum that kept flashing when a head of state or head of government went beyond the 15-minute limit.

President Ranesinghe Premadasa of Sri Lanka, who was apparently alerted about this, pulled out his handkerchief, covered the flashing light and continued to speak.

The following year, Cuba’s Fidel Castro, known for his long-winded speeches, pulled off the same stunt with a dramatic flair waving the handkerchief –as delegates cheered him and greeted his gesture with loud laughter.

The two political leaders had momentarily outsmarted the UN bureaucracy.

The all-time records for speech-making at the General Assembly have continued to be held by Castro, Nikita Khrushchev of the Soviet Union, Sékou Touré of Guinea, Muammar al-Qadhafi of Libya and President Soerkano of Indonesia.

The longest speech was made by Castro at the 872nd plenary meeting of the General Assembly on 26 September 1960. The time listed was an all-time-high of 269 minutes, according to the archives in the UN’s Dag Hammarskjold Library.

Other long speeches at the General Assembly included:

    • Sékou Touré, President of Guinea, 144 minutes on 10 October 1960;
    • Nikita Khrushchev – USSR – Chairman of the Council of Ministers, 140 minutes on 23 September 1960;
    • Dr. Soekarno, President of Indonesia, 121 minutes on 30 September 1960; and
    • Colonel Muammar al-Qadhafi of the Libyan Arab Jamahiriya, 96 minutes on 23 September 2009.

The flamboyant Qadhafi, made a rare historic visit to the UN in September 2009, accompanied by political fanfare—and his usual team of female body guards.

In its report, the London Guardian said he “grabbed his 15 minutes of fame at the UN building in New York and ran with it. He ran with it so hard he stretched it to an hour and 40 minutes, six times longer than his allotted slot, to the dismay of UN organizers”.

“Qadhafi fully lived up to his reputation for eccentricity, bloody-mindedness and extreme verbiage”, said the Guardian, “as he tore up a copy of the UN charter in front of startled delegates, accused the Security Council of being an al-Qaida like terrorist body, called for (US President) George Bush and (UK Prime Minister) Tony Blair to be put on trial for the Iraq war, demanded $7.7 trillion in compensation for the ravages of colonialism on Africa, and wondered whether swine flu was a biological weapon created in a military laboratory.”

Still, according to the Guinness Book of World Records, the longest statement ever made at the UN was delivered by Krishna Menon of India. His statement to the Security Council was during three meetings in January 1957, lasting more than 8 hours.

According to AsiaNet, Menon, “one of the best statesmen India has ever produced”, made that marathon speech, blasting Pakistan over the disputed territory of Kashmir.

The transcript of the speech ran to 160 pages.

During the speech, Menon collapsed midway and had to be revived. But he returned to the Council chamber and continued to attack Pakistan for another hour.

But in recent years, there were no such dramatic moments either in the Security Council or the General Assembly.

At most international conferences, the host country has the privilege of being the first speaker on day one.

However, a longstanding tradition gives pride of place to Brazil followed by the US as the second speaker for the opening day, this time it would be President Joe Biden.

During an official visit to Brasilia, I asked one of the senior Brazilian officials about the origins of the tradition. And he told me “Even we don’t why we continue to be the number one speaker”

In those days, most countries were reluctant to be the first to address the chamber, according to a published report. Brazil, at the time, was the only country that volunteered to speak first.

Some say that the tradition dates back to 1947, when Brazil’s top diplomat Oswaldo Aranha presided over the Assembly’s First Special Session.

https://www.ipsnews.net/2023/09/un-came-attack-mis-guided-rocket-launcher/

IPS UN Bureau Report

 


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