Vista Equity Partners Completes Acquisition of Duck Creek Technologies

Boston, March 30, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies (“Duck Creek”), the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced the completion of its acquisition by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, for $19.00 per share, in an all-cash transaction valued at approximately $2.6 billion.

“We are excited to commence our partnership with Vista Equity Partners and work together to advance the next generation of P&C insurance technology,” said Michael Jackowski, Chief Executive Officer of Duck Creek. “With Vista’s global network and deep sector expertise, we will be better positioned to support and accelerate the industry’s transition to the cloud while continuing to deliver a best-in-class customer experience.”

“Duck Creek is a demonstrated leader in the P&C space, delivering innovative solutions that empower carriers to be faster and more nimble in servicing the digital needs of their customers,” said Monti Saroya, Senior Managing Director and Co-Head of Vista’s Flagship Fund. “We look forward to partnering with Mike and the Duck Creek team as they continue to scale and define the future of P&C insurance technology.”

“We’re excited to welcome Duck Creek to the Vista ecosystem,” said Jeff Wilson, Managing Director at Vista. “Their commitment to excellence and innovation coupled with Vista’s experience in driving sustainable growth will take the business to new heights while delivering solutions that help carriers transform their business.”

Duck Creek has earned the right to partner with and provide its modern technology solutions to an esteemed list of leading carriers across the globe, including Berkshire Hathaway Specialty Insurance, Hollard Insurance, Northbridge Financial Corporation and Tokio Marine.

With the completion of the transaction, Duck Creek Technologies shares have ceased trading and are no longer listed on the Nasdaq Global Select Market.

J.P. Morgan acted as financial advisor to Duck Creek, and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel to Duck Creek.

Evercore acted as financial advisor to the Special Committee of the Duck Creek Board of Directors, and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to the Special Committee of the Duck Creek Board of Directors.

RBC Capital Markets acted as financial advisor to Vista, and Kirkland & Ellis LLP acted as legal counsel to Vista.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

About Vista Equity Partners

Vista is a leading global investment firm with more than $95 billion in assets under management as of September 30, 2022. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on Twitter, @Vista_Equity.

Carley Bunch
Duck Creek Technologies
+1 (201) 962-6091
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 8798688

Moderna Finalizes Agreement with the Government of the Republic of Kenya to Establish an mRNA Manufacturing Facility

Facility to enable access to manufactured mRNA vaccines for Kenya and the African continent, providing health security and building upon Moderna’s global public health commitments

The facility will be capable of producing up to 500 million doses each year

CAMBRIDGE, MA & NAIROBI, KENYA/ ACCESSWIRE / March 30, 2023 / Moderna, Inc. (NASDAQ:MRNA), a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, and the Government of the Republic of Kenya have finalized an agreement to establish an mRNA manufacturing facility in the Republic of Kenya. This will be the Company’s first mRNA manufacturing facility in Africa.

In partnership with the Government of the Republic of Kenya, Moderna will build a state-of-the-art mRNA facility in Kenya to produce up to 500 million doses of vaccines each year. The Company expects the new facility to enable drug substance and drug product manufacturing for Kenya and the African continent. In addition, this facility will have surge capacity to rapidly scale and respond to public health emergencies on the continent and around the world.

“The finalization of our agreement with the Government of the Republic of Kenya is a key pillar of our global public health strategy, where we hope to bring mRNA innovation to the people of Africa in areas of high unmet need, such as acute respiratory infections, as well as persistent infectious diseases like HIV and outbreak threats such as Zika and Ebola,” said Stéphane Bancel, Chief Executive Officer of Moderna. “This also demonstrates our confidence in the investment climate in Kenya and the importance of utilizing mRNA technology to build resilience in healthcare security in Africa. We are also grateful for the leadership of the U.S. Ambassador to Kenya, Meg Whitman, and Samantha Power, in her role as Administrator of the United States Agency for International Development for their instrumental support of this project.”

“We are excited about this milestone that brings to bear our efforts as Government to sustain our economic model of facilitating investments that serve not only Kenya but the African continent. My Government commits to supporting this investment as a critical signal to the investment community that Kenya is open for business,” said President William Ruto.

“This investment creates the momentum to meet the $10 billion annual target under the Government’s manufacturing 20 by 30 vision, where we plan to grow the contribution of manufacturing to GDP to 20% by the year 2030 from the current 7%,” said Kenya’s Cabinet Secretary for Investments, Trade, and Industry Hon. Moses Kuria.

The Government of Kenya has championed an accelerated investment agenda to grow foreign direct investment levels from the current levels of $448 million annually to $10 billion annually, making the country’s goal the continent’s most ambitious agenda to attract investments as an enabler to job creation. Moderna’s investment signifies confidence in the business environment in Kenya and readiness to support foreign and local investment in the healthcare sector, as well as Moderna’s ongoing commitment to global public health. Moderna will operate under a Special Economic Zone (SEZ) status, signifying Kenya’s increasing focus on the SEZ program as a key enabler of economic growth.

With this agreement, Moderna has commitments to establish mRNA manufacturing facilities in Kenya, the United States, Canada, Australia, and the United Kingdom, furthering health security around the world. Moderna has spent more than a decade refining its mRNA platform to accelerate the pace and success of mRNA medicines. The speed, scale, and flexibility of Moderna’s mRNA platform is uniquely suited for rapid response to serious international epidemics, commonly referred to as Disease X.[i]

Moderna is committed to advancing into clinical studies a portfolio of 15 vaccine programs targeting emerging or neglected infectious diseases by 2025, advancing vaccines that address current diseases of significant impact to low- and middle-income countries, and those that prepare for Disease X. Moderna will prioritize development efforts against pathogens identified as persistent global health threats, including HIV, tuberculosis (TB) and malaria, neglected tropical diseases and the priority pathogens of the World Health Organization and the Coalition for Epidemic Preparedness Innovations. Learn more at https://www.modernatx.com/responsibility/our-commitment.

About Moderna

In over 10 years since its inception, Moderna has transformed from a research-stage company advancing programs in the field of messenger RNA (mRNA), to an enterprise with a diverse clinical portfolio of vaccines and therapeutics across seven modalities, a broad intellectual property portfolio, and integrated manufacturing facilities that allow for rapid clinical and commercial production at scale. Moderna maintains alliances with a broad range of domestic and overseas government and commercial collaborators, which has allowed for the pursuit of both groundbreaking science and rapid scaling of manufacturing. Most recently, Moderna’s capabilities have come together to allow the authorized use and approval of one of the earliest and most effective vaccines against the COVID pandemic.

Moderna’s mRNA platform builds on continuous advances in basic and applied mRNA science, delivery technology, and manufacturing, and has allowed the development of therapeutics and vaccines for infectious diseases, immuno-oncology, rare diseases, cardiovascular diseases, and auto-immune diseases. Moderna has been named a top biopharmaceutical employer by Science for the past eight years. To learn more, visit www.modernatx.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding: the Company’s plans to build an mRNA manufacturing facility in Kenya; the anticipated capacity and output for that facility; the ability of the facility to respond to public health emergencies; Moderna’s aspiration to develop treatments or vaccines against HIV, Zika, Ebola, and other public health pathogens; the ability of Moderna’s mRNA platform to respond to future epidemics; foreign investment in the health sector in Kenya; the advantages of doing business in a Kenyan Special Economic Zone; and Moderna’s plans to establish manufacturing facilities in the United State, Canada, United Kingdom, and Australia. In some cases, forward-looking statements can be identified by terminology such as “will,” “may,” “should,” “could,” “expects,” “intends,” “plans,” “aims,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Moderna’s control and which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties, and other factors include, among others, those risks and uncertainties described under the heading “Risk Factors” in Moderna’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and in subsequent filings made by Moderna with the U.S. Securities and Exchange Commission (SEC), which are available on the SEC’s website at www.sec.gov. Except as required by law, Moderna disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on Moderna’s current expectations and speak only as of the date of this press release.

Moderna Contacts:

Media:

Luke Mircea Willats
Senior Director, Corporate Communications
Luke.Mirceawillats@modernatx.com

Investors:

Lavina Talukdar
Senior Vice President & Head of Investor Relations
617-209-5834
Lavina.Talukdar@modernatx.com

[i] “Disease X” was named by the WHO to represent the knowledge that a serious international epidemic could be caused by a pathogen currently unknown to cause human disease. https://www.who.int/activities/prioritizing-diseases-for-research-and-development-in-emergency-contexts

SOURCE: Moderna, Inc.

Hitachi Energy and Petrofac secure landmark offshore wind agreement worth approximately 13 billion euros

Largest framework agreement in Hitachi Energy company history, enabling long-term capacity expansion to accelerate the energy transition.Complementary technologies and expertise support TenneT’s offshore wind capacity expansion in the German and Dutch sectors of the North Sea.

Zurich, Switzerland, March 30, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, and Petrofac, a leading international service provider to the energy industry, have been selected by TenneT, the Dutch-German transmission system operator, to supply multiple offshore and onshore HVDC converter stations and associated infrastructure to accelerate the integration of bulk renewables into European power grids.

Hitachi Energy and Petrofac were awarded the multi-year framework agreement as part of TenneT’s ambitious offshore wind “2GW Program”1, based on high-voltage direct current (HVDC) technology pioneered by Hitachi Energy.

The agreement includes an initial commitment to deploy six record-breaking renewable integration systems, five of which will connect offshore wind farms to the Dutch grid and the sixth to the German grid. Each of these connection systems has a capacity of 2 gigawatts (GW) and a voltage level of 525 kilovolts (kV) – a world-first for offshore wind.

This landmark framework agreement is the largest ever for Hitachi Energy. It confirms the opportunity to innovate how state-of-the-art technology can be deployed effectively and how new business models enable the scale needed for the green energy transition. The framework agreement approach allows Hitachi Energy and Petrofac to plan in advance and increase their workforce and manufacturing capacity timely as well as train people to have the skills needed in the industry while also capturing synergies between successive projects to meet the in-service dates.

Hitachi Energy will supply its HVDC Light® converter stations, which convert AC to DC power offshore and DC to AC onshore. Petrofac will undertake the engineering, procurement, construction and installation (EPCI) of the offshore platforms and elements of the onshore converter stations.

The first contract under the framework, for the Ijmuiden Ver Alpha project, was awarded with immediate effect. The second, Nederwiek 1, is expected to be awarded later in the year. The framework also includes projects Doordewind 1, Doordewind 2, Nederwiek 3 and LanWin5, expected to be awarded over a 2024-2026 timeframe.

“This innovative business model will set the course for the integration of a huge amount of offshore wind power and gives visibility of the future.  In fact, we are already hiring to expand our global delivery capacity and effectively fulfill these and other orders,” said Niklas Persson, Managing Director at Hitachi Energy’s Grid Integration business. “We’re proud to be part of this journey and, along with our partner Petrofac, we are setting the benchmark for deploying offshore HVDC technology at scale and with speed.”

“Today’s announcement represents an exciting next step in Petrofac and Hitachi Energy’s collaboration. We have already secured key resource and the yard capacity required to expedite the first two projects in TenneT’s ground-breaking program,” said Sami Iskander, Petrofac’s Group Chief Executive. “By combining Petrofac’s industry-leading EPCI expertise and Hitachi Energy’s well proven technology, we look forward to supporting TenneT to connect larger, more effective wind farms to deliver affordable clean energy for millions of European homes.”

“TenneT has the technical know-how, scale, and geographical position to connect wind energy from the North Sea. This is one of the most important infrastructure projects of the century; the green transformation of the energy system is key for the decarbonisation of industry,” said Tim Meyerjürgens, COO of TenneT. “Together with our market partners, we are very proud to have achieved another important milestone. Together we secure decisive acceleration of the offshore grid development and set the course for the future European energy landscape.”

“The new long-term approach goes hand in hand with a fundamental change in values towards a strong partnership. This approach enables both sides with more flexibility, technological progress, and planning security,” said Marco Kuijpers, Director Large Projects Offshore of TenneT.  This benefits all parties and secures employment, growth, and the strengthening of supply chains. We can already see that our partners invest in extra resources and facilities.”

Hitachi Energy and Petrofac began working together in June 2022, to provide joint grid integration and associated infrastructure solutions to support TenneT’s 2GW Program.2

In the same year, Germany, the Netherlands, Denmark and Belgium agreed to install at least 65 gigawatts of offshore wind energy combined by 2030 announced with the inter-governmental Esbjerg Declaration.3 At 40 gigawatts, almost two-thirds of this capacity is accounted for by TenneT, with 20 gigawatts each in the German and Dutch North Sea sectors.

1 TenneT’s 2GW Program
2 Hitachi Energy and Petrofac to collaborate in growing offshore wind market
3 The Esbjerg Declaration

HVDC website:
https://www.hitachienergy.com/offering/product-and-system/hvdc

About Hitachi Energy Ltd.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

About Petrofac
Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.

Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world’s evolving energy needs. Our four values – driven, agile, respectful and open – are at the heart of everything we do.

Petrofac’s core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in-country value. We operate in several other significant markets, including India, Southeast Asia and the United States. We have 8,000 employees based across 31 offices globally.

Petrofac is quoted on the London Stock Exchange (symbol: PFC). For additional information, please refer to the Petrofac website at www.petrofac.com

Media contacts:
Jocelyn Chang
Global Head of Public Relations & Content Strategy
Hitachi Energy
jocelyn.chang@hitachienergy.com

Sophie Reid
Group Head of Communications
Petrofac
sophie.reid@petrofac.com

Attachment

Jocelyn Chang
Hitachi Energy
jocelyn.chang@hitachienergy.com

GlobeNewswire Distribution ID 8798527

Ekiti assembly member-elect, Ayorinde, calls for constituents’ supports

The House of Assembly member-elect (APC – Ido-Osi II) in Ekiti, Yomi Ayorinde, has called for support of his constituents to ensure his success as lawmaker in the state.

Ayorinde made the call on Thursday in an interview with the News Agency of Nigeria (NAN), shortly after receiving his Certificate of Return from the INEC Resident Electoral Commissioner, Prof. Ayobami Salami, in Ado-Ekiti.

NAN reports that Ayorinde polled 4,463 to defeat candidates of the Peoples Democratic Party (PDP), who scored 589 and the Social Democratic Party (SDP)- 982 votes.

He promised to give his best in accordance with the mandate given to him by the people.

The lawmaker-elect expressed gratitude to the people of his constituency for standing firm with him and the party through their votes in the March 18 Governorship and House of Assembly elections.

He thanked them for ensuring that their votes counted in his favour in spite of the “unwholesome activities of those that plotted to undermine and truncate the popular wishes of the people”.

Ayorinde, also former board member, National Broadcasting Commission (NBC), thanked former Gov. Kayode Fayemi, his successor, Mr Biodun Oyebanji, party leadership in the state, all leaders and members of APC in Ido-Osi Constituency II.

The assemblyman-elect, also the immediate past Chairman, State Urban Renewal Agency Board, lauded the contribitions of people of Ayetoro; Ilogbo; Osi and Usi-Ekiti for the opportunity given him to serve.

He said: “In spite of the change in the date of the elections, our people stood firm.

“This has shown that the people indeed have become, not only politically awaken, but defender of democracy.”

Ayorinde lauded the security agencies for responding promptly to series of complaints in some flashpoints during the election.

The assemblyman-elect further thanked traditional rulers, religious leader, market men and women, artisan, societies group and youths for their support before during and after the elections.

(NAN) (www.nannews.ng)

Source: News Agency of Nigeria

South Sudan: National Assembly Speaker in Juba for ICGLR Parliamentary Forum

The National Assembly Speaker Carolina Cerqueira is in Juba, capital city of South Sudan, to participate for the first time in the 13th Ordinary Session of the Plenary Assembly of the Parliamentary Forum of the International Conference on the Great Lakes Region (ICGLR), taking place until the 1st of April.

Upon her arrival, Carolina Cerqueira was received at the airport by the Angolan ambassador, Sianga Abílio, and by parliamentary officials of South Sudan.

Speaking to ANGOP, Carolina Cerqueira emphasized the fact that Angola plays an important role in the pacification of the region, highlighting the recent approval by the National Assembly of the request of the President of the Republic, João Lourenço, to send a military contingent to the DRC, in framework of the peace agreements between the local government and the M23 forces.

Angola, as a mediator in the peace process, has prepared a contingent of 500 troops from its Armed Forces (FAA).

“Angola brings as a current matter of great impact the mediation role of President João Lourenço in the pacification of the east of the DRC and the sending in the next few days of the military contingent to lead the process of cantonment of the M23 forces”, reinforced Carolina Cerqueira.

The leader of the Angolan parliament recalled that the institution granted legislative authorization through a resolution for the sending of military personnel, which has 125 women.

The Angolan mission must secure the cantonment areas for the M23 elements and protect the members of the Ad-Hoc verification mechanism, following the ceasefire between government troops and the rebels.

During the event, parliamentarians from the region have on the agenda, among other issues, an approach to the conflict in the East of the Democratic Republic of Congo (DRC), peace and security, combating terrorism, natural disasters.

The works of the 13th Ordinary Session of the Plenary Assembly of the Parliamentary Forum of the CIRGL began on Monday, 27th, with the election of the members of the commissions.

Angolan MP Agostinho Van-Dúnem was reappointed (elected) as a member of the Peace and Security Commission. Member of the National Assembly, where he is serving his second term, Agostinho Van-Dúnem is vice-president of the Commission on Foreign Affairs, International Cooperation and Angolan Communities Abroad.

The Parliamentary Forum of the International Conference on the Great Lakes Region is an inter-parliamentary organization that brings together national parliaments from the 12 member states of the ICGLR, namely Angola, Burundi, Central African Republic (CAR), Congo, Kenya, Democratic Republic of Congo (DRC), Rwanda, South Sudan, Sudan, Uganda, Tanzania and Zambia.

Source: Angola Press News Agency (APNA)

Group engages police, NBA in fight against GBV

TechHer, a Non-Governmental Organisation (NGO), says it will engage Nigerian Bar Association (NBA) and the Police to help fight Gender Based Violence (GBV) in the country.

The Executive Director, TechHer, Chioma Agwuegbo said this at the launch of Online Gender-Based Violence (OGBV) response website tagged: ‘Kuram’, on Thursday in Abuja.

The News Agency of Nigeria (NAN) reports that TechHer is a platform set up to demystify technology and provide support, learning and collaboration for women in an encouraging and conducive environment.

Agwuegbo said that TechHer involved these organisations to explore every means to get justice for the victims.

She said: “One of the reasons that TechHer has engaged a team of lawyers is to ensure that we can explore very possible means to get justice for our people.

“We are also going to engage the Nigerian Bar Association, we are going to engage the police so that it would be a 360 solution for people who have suffered violence in Nigeria.”

Agwuegbo said that a lot of people do not come out to speak because they fear retribution and the fact that the stories would come out on blogs.

“One of the things we take very seriously is privacy. We are bound by all of the laws, especially in Nigeria that relates to data protection.

“We have a pact with our community that whatever they tell us is stays with us and as a matter of fact it is something we have learnt that sometimes people just report these cases and they do not really want justice.

“They just want to let it out so before we go forward with trying to get justice, we speak with them and it is on the bases of their express consent, which they can withdraw at any time that we can take these matters forward,” she said.

Also, the Executive-Director, DIGICIVIC Initiative, Mojirayo Ogunlana said the organisation would create a compilation of prosecutorial manual to prosecute online violence.

Ogunlana said there would be a prosecutorial manual that would put laws together in order to aid in prosecuting perpetrators.

“Coming from the legal perspective, we are going to create a prosecutorial manual, a document that will flow from a compilation of all the laws in Nigeria that online violence can be prosecuted from.

“When the prosecutorial manual is produced, we will approach some law enforcement agencies and train them on online gender based violence.

“Hoping that they will be able to take it up and prosecute every perpetrator that they fined. We will then be able to link women and girls who are going through online violence.

“We serve a pressure group to the law enforcement agencies and we will do advocacy so that there will be a track record so that we can adress this evil before it becomes infested in our society,” she said.

Similarly; Keurtsing Tchouankea, Programme Officer, Embassy of France, said Cyber bullying affects the society.

Tchouankea said this was a big issue and the embassy was committed to help build this project and tackle the challenges.

She commended TechHer for its resilience in making sure that it comes up with a platform like this. (NAN)(www.nannews.ng)

Source: News Agency of Nigeria

Angola intends to export green hydrogen in 2025

The minister of Energy and Waters, João Baptista Borges, has announced that Angola intends to export green hydrogen in 2025, in the form of ammonium, an extremely useful product in agriculture.

Speaking at the 9th edition of the Energy Transition Dialogue in Berlin, Germany, held on March 28,29, the minister said that in terms of employment, the country could generate more jobs, with the creation of a new hydrogen industry.

According to a press release tha ANGOP had access Thursday, João Baptista Borges said the country could take advantage of the human capital and knowledge of the oil industry to qualify this new sector.

In the 9th edition of the Energy Transition Dialogue, the minister participated in the panel on “Industry Decarbonization – Success Stories and Challenges of the Global Hydrogen Economy”, as well as had two meetings with heads of companies Commerzbank and ILF, accompanied by the Angolan ambassador to Germany, Balbina da Silva.

Held under the motto “Energiewende – Securing Green Future” , at least 2000 people from more than 130 countries participated in the event, including 50 Ministers of Foreign Affairs and Energy and Secretaries of State and 100 speakers.

The Berlin Energy Transition Dialogue was created in 2015 and has become one of the most important in the world on the global energy transition.

It is a joint initiative of German institutions such as the Federation of Renewable Energies, the Solar Association and the Energy Agency, with the support of the German Federal Government.

Source: Angola Press News Agency (APNA)

Africans should rewrite narrative for progressive Africa – Dabiri-Erewa

Mrs Abike Dabiri-Erewa, Chairman, Nigerians in Diaspora Commission (NiDCOM), said the onus lies on Africans, at home and in the diaspora, to rewrite the narrative for a progressive Africa.

Dabiri-Erewa said this at a joint world news conference ahead of the Global African Diaspora Symposium (GADS) on Wednesday in Abuja.

The news conference was held virtually for participants from other countries, and physically for participants in Abuja.

The chairman said the narrative for a progressive Africa was because the African Diaspora had proven their talents, vibrancy and competence in all fields, internationally.

She said there was the need for Africans to continue such positive actions to dismiss the negative perception of its citizens abroad.

“It is good to know that efforts are being made by Africa to effectively harness the human and economic potentials of its diaspora, for continental, national and even grassroots development.

“This is demonstrated in the areas of diaspora remittances, skills and knowledge transfer plus socio-economic investments.”

She also said the GADS would take place on April 27 to 28 in the Ministry of Foreign Affairs in Abuja.

She said the symposium was the second after the one held in Nairobi, Kenya, in December 2020.

More so, she said, it was inspired by the Declaration of the 2012 Global Diaspora Summit, which recognised the need for Africa to form impactful engagement with its Diaspora.

She said it was also inspired by the African Union’s (AU) first African Global Diaspora Summit in 2021, in which member states promised to partner with one another politically, socially, economically, and in other aspects.

“This is in consonance with the fifth aspiration of the AU Agenda 2063: “The Africa We Want”, which is Africa with a stronger cultural identity and Pan-African movement.

“Also, the Symposium gives Africa, the chance to engage with its Diaspora, and build upon the first African Diaspora Symposium (ADS-2020), held in Nairobi, Kenya, in December 2020, as well as, the maiden outing of the Organisation of African, Caribbean and Pacific States (OACPS) Diaspora Forum in Luanda, Angola, on December 7, 2022, for its 10th Summit Edition.”

More so, she said, the symposium had as its theme, “Building Stronger Connections between Africa and the Global Diaspora”, and was designed to address and proffer workable solutions to Africa’s most pressing issues.

She also added it would offer strategies and necessary partnerships between important diaspora leaders in business and the professions with leaders, on the African continent, to achieve successful results.

Dabiri-Erewa, however, said few objectives of the symposium were to create an interface for networking among Africans and Diaspora globally, and promote the implementation and institutionalisation of Pan-Africanism at the United Nations.

She said the implantation and institutionalisation would be through the celebration of the “International Decade for People of African Descent”.

She further spoke on other objectives of the symposium, saying “Build bridges between Africa and the Diaspora by deepening relations between the AU, OACPS, among others in realising the Diaspora as the sixth region of the AU.

“Explore and engage the contributions of Diaspora skills, particularly in scientific knowledge and technology transfer.

“Mobilise Diaspora savings and Diaspora philanthropic contributions and harness migration, remittances and Diaspora contributions for suitable development.

“Enhance participation of the Diaspora in Africa’s development process to support the development of the roadmap for the Diaspora as the sixth region of Africa towards the attainment of AU’s Agenda 2063.

“Advocate policy and practice changes conducive for more effective integration of Diaspora-led actions in the national development plans of their countries of origin through organisations such as the OACPS.”

Moreover, she said, GADS was the brain-child of the African Diaspora Alliance, (AfDA), OACPS, NiDCOM, the Directorate for Technical Cooperation for Africa (DTCA) and the Nigerian Ministry of Foreign Affairs.

Dabiri-Erewa said the two-day event would be a hybrid one, geared to bring over 3,000 individuals of African descent, worldwide, to have constructive dialogue for better socio-economic opportunities and favourable policies for Africa.

“The symposium will focus on key areas in: science and technology, agriculture, manufacturing and industry, energy, infrastructure development, tourism and culture, green energy and technology, health, information communication technology, education, finance, and economic development, among others.”

Also speaking, the Director-General, DTCA, Ministry of Foreign Affairs, Amb. Rabiu Dagari, said the symposium was similar to the Festival of Arts and Culture (FESTAC) that was held in Nigeria in 1977.

Dagari, however, said there was more structure in place, like NiDCOM and the DTCA, to promote the Diaspora community in a positive perception.

“When Nigeria hosted FESTAC ’77, it was sponsored by the Nigerian Government. Nigerians built the town for Africans in Diaspora and for foreigners also. It was a huge success.

“There was a lot of cultural displays and exchanges, and it was the turn of Senegal to host next and when the country saw the success of Nigeria, that it built a town, the money invested, the cultural festival died.”

The director-general also reiterated that the symposium would be intellectual, full of cultural exchanges and contribute to Africans wanting to do more to promote development in their different countries. (NAN) (www.nannews.ng)

Source: News Agency of Nigeria