e2Companies Secures $100 Million Investment Commitment from GEM, as Company Anticipates Listing

Investment Commitment will Fund e2Companies’ Future Growth and Virtual Utility®

BONITA SPRINGS, Fla., Jan. 17, 2024 (GLOBE NEWSWIRE) — e2Companies, a leading provider of integrated solutions for power generation and distribution, announced today that it has secured a $100 million investment commitment from Luxembourg based Global Emerging Markets (“GEM”). With this financing commitment, e2Companies is well positioned to advance and deliver on the company’s mission to design solutions that deliver seamless resiliency and reliability for its customers.

“We’re thrilled to partner with GEM,” said James Richmond, CEO at e2Companies. “This provides access to financing that strengthens e2Companies’ and speeds up the global energy transition. The optimization of our power grid depends on distributed energy resources and expanding choice for the end-user. Including the source of power, type of power, market rates, and environment considerations. Our R3Di® system and Grove365 software unlock a new model for independent grid stability. Increasing the strength of the grid where it is needed the most – at the source of power consumption.”

The GEM investment will strengthen the company financially and support the ongoing development of Virtual Utility®. This includes new product discovery and manufacturing capabilities in North America and Europe while delivering additional value creation and margin improvement across international markets. The funding commitment from GEM will allow e2Companies to drawdown funds by issuing shares through its’ anticipated common stock offering, with e2Companies maintaining control over the timing and magnitude of such drawdowns without having a minimum drawdown obligation.

About GEM
Global Emerging Markets (“GEM”) is a $3.4 billion, alternative investment group with offices in Paris, New York, and Nassau (Bahamas). GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 570 transactions in 70 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments.

For more information: http://www.gemny.com

About e2Companies
e2Companies is the first vertically integrated Virtual Utility® for power generation, distribution, and energy economics in the marketplace. e2Companies’ innovative technology delivers top notch performance and unprecedented value in the industry. This includes 24x7x365 asset monitoring, and energy optimization programs to unlock new revenue opportunities for customers.

To learn more about e2Companies visit www.e2companies.com

Media Contact: investorrelations@e2Companies.com

GlobeNewswire Distribution ID 9019747

Ecobank Group unveils brand campaign at AFCON 2023


Ecobank, the leading pan-African financial services group, unveils its new brand campaign ‘A Better Way| A Better Africa’, at the ongoing TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023 (AFCON).

Ecobank is a proud official sponsor of the 2023 AFCON And is leveraging the unifying, exhilarating, and progressive spirit of African football to demonstrate its commitment to the continent’s sustainable growth.

The campaign highlights Ecobank’s drive to empower its clients and customers to achieve their goals for a better future and therefore a better Africa.

Mr Jeremy Awori, Chief Executive Officer, Ecobank Group, said: ‘At Ecobank, we drive growth in Africa by our delivery of affordable, reliable, and innovative financial services to our clients and customers, while making a significant contribution to Africa’s development.? ‘A Better Way| A Better Africa’ reflects our unwavering dedication to our continent. Driven by our commitment to continuous improvement, we deliver enhanced financial services, g
reater customer experience, and more customer-centric solutions.’

This brand campaign is based on the results of an extensive pan-African brand survey, addressing the perspectives and opportunities shared during the research.

Jeremy Awori added: ‘Our pan-African purpose and single gateway platform, as well as the diversity of our leading workforce operating from 35 countries, position us as an enabler and partner for our clients and customers to identify and seize new opportunities.’ ?

The campaign also highlights Ecobank’s digital network and its continent-wide connectivity, including its unified payment ecosystem, which supports market access and business growth, while capitalising on the opportunities presented by the African Continental Free Trade Area (AfCFTA).

The fully integrated campaign features a diverse mix of digital and traditional media and includes a television commercial filmed on the continent.?

Following the TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023, the campaign would
continue to be rolled out across Africa.

Source: Ghana News Agency

Accra 2023: LOC Chairman calls on corporate bodies to take advantage of the African Games


Mr. Yaw Sakyi Afari, Chairman of the Marketing and Sponsorship Committee of the Local Organising Committee (LOC) for the Accra 2023, has called on companies to support and sponsor the upcoming continental sports festival to be staged in Ghana.

Leading twenty sports journalists to inspect facilities on Wednesday at Legon, University of Ghana and Borteyman, he said there were opportunities for businesses to advertise and market their products and services through sports.

They inspected a newly constructed sports hall, tennis courts, aquatic center for swimming, tartan tracks and football field.

He said many people love sports in Ghana and there were spaces for bill boards, banners and other electronic advertising opportunities.

Mr. Sakyi who was a keen Basketball and Boxing enthusiast urged the media to come out with positive news reports about the games.

He said, ‘the 13th African Games is certainly coming on in March 3 to 23 2024, and you can see we are ready and putting finishing touches, we are ready
to host Africa.’

Over 5,000 sportsmen and women, coaches and officials from 55 countries expected to compete in 25 sports disciplines.

Present at the tour was Mr. Dan Kweku Yeboah Chairman of the Media / Publicity Committee and Mr. Maurice Quansah, member of the Committee.

Source: Ghana News Agency

NPP primaries: 17 disqualified; two step down


Some 17 parliamentary aspirants of the New Patriotic Party (NPP) have been disqualified from contesting the Party’s upcoming parliamentary primaries.

This means that a total of 356 aspirants have now been given the green light to contest the January 27 primaries that would be held in constituencies where the NPP has incumbent members of parliament.

The NPP currently has 137 seats in Parliament.

The decision to disqualify some aspirants was affirmed at a National Executive Council (NEC) meeting held on Wednesday to finalise modalities for the election.

At the meeting, the NEC considered the reports of the Party’s National Parliamentary Vetting Committees and the National Parliamentary Appeals Committee, a statement issued and signed by Mr Justin Kodua Frimpong, General Secretary, NPP, said.

Two aspirants – Alhassan Mahama and Nana Aduse Poku Ahwene in the Ayawaso Central and Ahafo Ano South West constituencies respectively – stepped down, a finalised list accompanying the statement indicates.

Meanwhile,
the fate of Kennedy Kwesi Kankam in the Nhyiaeso constituency is yet to be determined pending a court case.

The disqualified aspirants are Kwabena Addo Amankwah (Manhyia South), Arko Robert (Upper Denkyira West); Joseph Afankwah (Agona West); Frank Aidoo (Akuapem South); Emmanuel Adjei Lartey (Okere); Dennis Obeng Agyei (Akim Oda), and Ruth Yaa Ansaa Safori (New Juaben South).

The rest are Samuel Owusu Amankwah (Ayawaso West Wuogon); Richard Hagan (Okaikwei South); Sylvia Opoku-Manu (Ablekuma West); Edward Lincoln Addo (Trobu); Ahmed Zaruk Nuhu (Bimbilla), and Alex Avoka Amolbugri ( Binduri).

A total of 32 aspirants will not be contested in their respective constituencies.

They include Lydia Seyram Alhassan, MP for Ayawaso West Wuogon and First Deputy Majority Chief Whip; Patrick Yaw Boamah, MP for Okaikoi Central; Samuel Abu Jinapor, MP for Damongo and Minister of Lands and Natural Resources; and Dr Bright Yelviedong Baligi, MP for Lambussie.

Others are Ambrose Dery, Minister for the Interior and MP for
Nandom; Rev. John Ntim Fordjour, MP for Assin South and Deputy Minister of Education, Dr Festus Awuah Kwofie, MP for Upper Denkyira East.

In an earlier interview with the Ghana News Agency, Mr Evans Nimako, the Director of Elections, NPP, urged the successful aspirants and party members to respect the rules outlined by the party to ensure a smooth electoral process.

‘We should all respect the rules of the game and work towards the Party’s victory in 2024,’ he added.

Source: Ghana News Agency

Obuasi MCE hands over 150 dual desks to GES


Mr Elijah Adansi-Bonah, the Municipal Chief Executive (MCE) for Obuasi in the Ashanti Region, has handed over 150 metallic dual desks to the Municipal Education Directorate for onward distribution to public schools in the municipality.

This brings to 500 the number of furniture presented to the Directorate since August, 2023, when the Assembly handed over 350 desks to the Ghana Education Service.

The procurement of the desks, which was funded from the Assembly’s share of the Common Fund, was in response to a request made by the Municipal Education Directorate to the Assembly.

The furniture, the MCE was to help solve the furniture challenges facing public schools in the Municipality.

He emphasised the Assembly’s determination to support and promote quality education through the provision of educational materials, building of classrooms and provision of furniture to aid teaching and learning.

Touting his achievements since becoming the MCE, Mr Adansi-Bonah said the establishment of the KNUST-Obuasi campus
remained his biggest achievement.

‘I decided to make it a personal project to make sure the KNUST-Obuasi campus project sees the light of day,” he said.

‘I’m glad to say that the official commissioning of the project was done during my era.’

He cited the rehabilitation of old classroom blocks and construction of new ones, which was a deliberate policy by his administration.

Mr George Alfred Koomson, the Municipal Director of Education, expressed gratitude to the MCE and the Assembly for going to their aid, indicating that the provision of furniture for the schools would go a long way to improve learning outcomes.

He disclosed that seven schools, comprising three junior high schools and four primary schools would be benefiting.

Source: Ghana News Agency

A-ensonga complements government’s efforts in Bongo District


A-ensonga Hearts, a Non-Governmental Organization (NGO), has presented 85 dual desks to the Amoyaama Primary School at Balungu in the Bongo District of the Upper East Region.

The gesture, which was part of the NGO’s ‘Furniture Project,’ aimed to supply furniture to deprived schools in rural communities to complement government’s efforts in education.

Ms Kenndicta A-ensonga Ajene, Founder and Executive Director of the NGO, at a ceremony to present the furniture, said Amoyaama Primary School was not the first beneficiary of her outfit and mentioned Ayopia Primary School which also benefited a borehole and educational materials.

‘We also supplied furniture to the Gorigo Primary in the Talensi District, constructed boreholes for the Kunkua and Gowrie D/A Primary and Junior High Schools both in the Bongo District,’ she said.

She said management of A-ensonga Hearts was concerned about the furniture deficit in basic schools, especially in rural areas, which she noted negatively affected teaching and learning ou
tcomes.

‘I just could not comprehend how none of the pupils from Kindergarten to Primary six, had no furniture to sit on. So, I quickly mobilized resources from my friends and members of the public to support the school,’ the Founder said.

Ms Ajene said through their contributions, the NGO was able to procure furniture not only for the Amoyaama Primary, but also the Father Lebel Memorial Roman Catholic Primary School at Lungu all at an estimated cost of GHS25,000.00.

She said the ‘Furniture Project’ appealed to members of the public and her friends to contribute towards the project to ensure that other schools in rural communities without furniture, also benefited from the project.

She said education was critical in the lives of the pupils, and advised them to take their studies seriously, respect their parents and teachers, so that they could turn the fortunes of the community around in the future.

Madam Rebecca Ayamga, Headmistress of the school, said the school was faced with several challenges includ
ing lack of potable water, inadequate teachers, among others.

‘The situation of the school was shameful. Fortunately, through appeals for support, I contacted A-ensonga Hearts and by the grace of God, the Founder extended support to us,’ she said.

Madam Ayamga thanked Ms Ajene and her team for the gesture and appealed to her to consider some other challenges of the school to promote effective academic activities.

Mr Michael Atoripoi, the School Improvement Support Officer for the area, urged management and pupils to properly maintain the furniture for future generations to benefit.

A pupil, Ms Theresa Atansiba, expressed gratitude to A-ensonga Hearts on behalf of her colleagues for the furniture, and said as a result of sitting and laying on the floor, their school uniforms were often dirty and torn, and they also had very terrible handwritings.

‘I would like to also appeal to her on behalf of my colleagues for a borehole to solve our water situation,’ the pupil said.

Source: Ghana News Agency

KNUST inaugurates CHS Endowment Fund Advisory Board


Professor Ellis Owusu-Dabo, the Pro Vice-Chancellor of the Kwame Nkrumah University of Science and Technology (KNUST), has inaugurated a 13-Member Advisory Board for the College of Health Sciences (CHS) Endowment Fund.

A statement issued by the KNUST and made available to the Ghana News Agency said the 13 members comprising alumni and other eminent professionals in the health and other sectors would advise, raise funds, and oversee the operations of the CHS Endowment Fund among others as stated in their terms of reference.

Professor Owusu-Dabo administered the oath of office to the members of the CHS Endowment Fund Advisory Board and read to the members their terms of reference.

The CHS Endowment Fund Advisory Board has Mr Maxwell Opoku Agyemang, a former Director of the Ghana Law School and Dr. Anthony Nsiah Asare, the Special Advisor on Health, Office of the President, as Co-Chairmen.

The members of the Board include Dr Jemima Dennis-Antwi, the Founding President and Chief Executive Officer (CEO) of Ce
ntre for Health Development and Research; Dr Paul Sekyere Nyantakyi, CEO of MDS-Lancet; Ernest Bediako Sampong, CEO of Ernest Chemist Ltd; Dr Samuel Amo Tobbin, CEO of Entrance Pharmaceuticals, and Mr Kofi Nsiah-Poku, CEO of Kinapharma Pharmaceutical Ltd.

Others are Dr Bernard Okoe-Boye, the CEO of the National Health Insurance Authority;

Dr Opoku Ware Ampomah, CEO of Korle-Bu Teaching Hospital; Dr Kwame Ofosu Bamfo, CEO of Alisa Hotel, and Dr Barima Kwabena Owusu Dapaah, CEO and Founder of Family Link Money Transfer Inc.

Professor Owusu-Dabo expressed Management’s gratitude to members for responding to the call of the University to serve on the Board.

He was confident that with the composition of the Board, they could exceed management’s expectations and go beyond the College.

Prof Owusu-Dabo stated that there was no way the Fund would not thrive, considering their expertise and achievements.

He reminded them that the core mandate of the University was to teach, conduct research, and render service to
the community.

Adding that in that light, all their actions should be guided by it, bearing in mind the vision of the University.

The Pro Vice-Chancellor emphasised the importance of the Board since the government’s subvention alone is inadequate in running and developing the University.

On his part, Prof Christian Agyare, the Provost of the CHS, stated that since he assumed office, the College had continued to engage in efforts aimed at improving the finances of the College.

The CHS Endowment Fund is a response to a call by management for each College in the University to establish one.

The Endowment Fund is focused on creating opportunities to retain Health Sciences graduates in Ghana to ameliorate some of the developmental challenges confronting the health sector of Ghana.

Prof. Agyare said the CHS Endowment Fund seeks to promote the training of health professionals of high quality, to undertake health research, especially investigating local diseases, to provide scholarships for graduate and undergr
aduate training, and to procure essential equipment and tools for research related to graduate training for health professionals.

He also thanked the members of the CHS Endowment Fund Advisory Board for agreeing to serve on the Board to improve the fortunes of the College.

Mr Maxwell Opoku Agyemang, Co-chair of the Board, on behalf of members of the Board thanked the Management of the University for accepting them to serve the University.

He pledged that they would work to improve fundraising and management and projects in the College.

Source: Ghana News Agency

Morocco records comfortable win over Tanzania


The Atlas Lions of Morocco had a comfortable walk over Tanzania at the Stade Laurent Pokou in San Pedro, in their opening game at the TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023.

The World Cup heroes recorded a 3-0 win over Tanzania in an easy fashion as they took a total dominance of the game and created all the goal scoring opportunities right from the start.

The 2022 World Cup semi-finalist shot into the lead through Hakim Ziyech free kick which was parried out by Salum Manula only for oncoming Roman Saiss to pounce on for the game’s opener.

Novatus Miroshi was shown second yellow card and Tanzania were reduced to ten men in the 70th minute and Walid Regragui aided Morocco’s absolute control of the game from there.

Morocco worked their way up to the cushioning through Azzedine Ounahi who after receiving a pass inside the box and without hesitation powered a thunderbolt to the underside of the goal for a 2-0 lead at 77 minutes.

Yousseff En Nesyri scored his own and Morocco’s third after
receiving a pass inside the penalty area from Achraf Hakimi and showed composure before finding the far corner of goal to put Morocco 3-0 up against Tanzania. The goal stood after VAR review.

Source: Ghana News Agency