2023 Digital Therapeutics Alliance Inaugural Summit: DTx Industry Leaders Gather to Transform Global Healthcare

Held at the Washington D.C. Marriott at Metro Center June 7 – 9, 2023.The 3-day Summit programming will be facilitated by leaders from all facets of the DTx industry, including policymakers, manufacturers, payors, and other experts to guide innovation and equity in healthcare.

Arlington, VA, March 30, 2023 (GLOBE NEWSWIRE) — The Digital Therapeutics Alliance (DTA) is hosting its Inaugural Summit on June 7-9, 2023 at the Washington Marriott at Metro Center. Leaders from all facets of the digital therapeutics (DTx) ecosystem, including policymakers, clinicians, and payors, will join DTA members to discuss the challenges and opportunities of DTx integration into the healthcare system and identify optimized policy, reimbursement, and regulatory pathways to accelerate adoption.

The 3-day Summit programming will be facilitated by Andy Molnar, Chief Executive Officer of DTA, and feature keynote presentations, panel discussions, and interactive sessions that cover the advancement of DTx, the impact of healthcare policy, reimbursement and regulatory pathways, clinical evidence requirements, and patient access optimization.

DTA’s Chief Executive Officer, Andy Molnar states: “We are here to transform healthcare and deliver a new category of medicine to patients to improve their lives. The 2023 DTA Inaugural Summit brings together the leaders in healthcare innovation that are making these monumental changes. We are building viable frameworks with partners from Capitol Hill, the investment ecosystem, clinicians, health plans, patients, and caregivers.”

DTx products use evidence-based, clinically evaluated technologies to optimize clinical and health economic outcomes, deliver high quality therapies to underserved populations, and transform how patients understand, manage, and engage in their healthcare.

Leading into the Summit, US-focused DTA members and staff will convene in Washington D.C. to meet with congressional members and other influential parties to advocate for the Access to Prescription Digital Therapeutics Act (S. 723 and H.R. 1458).This bill seeks to create a new benefit category for digital therapeutics and ensure permanent coverage and reimbursement of DTx products by Medicare and Medicaid.

Everett Crosland, DTA board member and Chief Commercial Officer for Cognito Therapeutics, commented, “Given the rapidly evolving reimbursement environment, DTA’s 2023 Inaugural Summit offers the DTx industry an unprecedented opportunity to engage and advocate on the issues that matter most to our companies, patients, providers, and payor partners. I’m excited to speak about the emerging frameworks that are shaping our future.”

Event details and registration: 2023 DTA Inaugural Summit 

About DTA:

The Digital Therapeutics Alliance (DTA) is a global non-profit trade association of industry leaders and stakeholders with the mission of broadening the understanding, adoption, and integration of digital therapeutics into healthcare. DTA works to enable expanded access to high quality, evidence-based digital therapeutics for patients, clinicians, and payors to improve clinical and health economic outcomes. To learn more, please visit: www.dtxalliance.org and follow us on LinkedIn.

Attachment

Autumn Brennan
Digital Therapeutics Alliance
608-304-8000
abrennan@dtxalliance.org

GlobeNewswire Distribution ID 8799236

Varying load shedding stages throughout the weekend

Eskom has announced that Stage 3 and 4 load shedding will alternate throughout the weekend and on Monday.

This despite the power utility returning two units at Lethabo and Medupi Power Stations to service over the past 24 hours.

Stage 3 will be implemented between 5am and 4pm while Stage 4 implemented from 4pm to 5am.

This is with the exception of Sunday where Stage 2 will be implemented between 5am and 4pm, followed by Stage 3.

“[Over the past 24 hours] a generating unit each at Hendrina and Matimba [Power Stations] and two units at Matla Power Station were taken offline for repairs. The delays in returning a unit to service at Camden, Kriel and Tutuka power stations have contributed to the capacity constraints.

“We thank all South Africans who continue using electricity sparingly and efficiently in helping to alleviate the pressure on the power system,” Eskom said.

By Friday afternoon, unplanned breakdowns at power stations stood at some 15 388MW with a further 7169MW also offline due to planned maintenance.

Source: South African Government News Agency

Human Settlements set to respond faster to help disaster victims

Human Settlements Minister, Mmamoloko Kubayi, says from 1 April 2023, the department will take over the implementation of the emergency housing programme.

This will effectively see the provincial emergency housing grant and the municipal emergency housing grant come to an end. It will also result in the department being able to respond faster to assist those affected by disasters.

Announcing policy changes to accelerate performance in the housing sector at a media briefing in Cape Town, Kubayi said the increase in the frequency of natural disasters and the severity of the devastation requires a Human Settlements disaster response that is swift and appropriate for alleviating the plight of the affected.

The Minister acknowledged that the department’s response has been “underwhelming and slow”, resulting in disaster victims finding themselves without homes two to three years after disaster has struck.

“In some instances, people have been in temporary structures for more than 15 years when the policy says these structures must be replaced within six months,” Kubayi said.

She attributed the inadequate response to long delays in applications for disaster grant funding from affected municipalities and provinces due to the lack of skills for assessment of disasters at a provincial and municipal level; the dysfunctionality of municipalities due to political instability, and prolonged delays in land acquisition, which frustrates the process of temporarily accommodating people.

“We also realise that the method of the allocation of funds amongst the provinces was suboptimal, as some provinces are more prone to disasters than others,” Kubayi said.

Working with National Treasury, the Minister said, the department has determined that the response to disasters will be more effective when managed at a national level.

“This also means that emergency funds will be available for deployment to the affected areas at the time of need, rather than being appropriated to a province or municipality that does not experience a disaster during the financial year.

“We believe that this approach will enhance collaborative planning amongst the three spheres of government, in anticipation of disasters and simplify the response so that we optimise funds allocation across the country and improve the response time,” Kubayi said.

However, Kubayi emphasised that provinces and municipalities are expected to ensure that they still attend to all outstanding households, whose properties were destroyed in previous disasters and are yet to receive assistance, despite the municipalities and provinces having received funding for those disasters.

Emergency Housing Command Centre

As part of implementing the emergency housing programme in the new financial year, the Minister said the Emergency Housing Command Centre has been established to coordinate the national disaster response.

“It will have linkages to the South African Weather Service and provide the ability to receive early warning alerts to enable the proactive mobilisation of resources to respond to imminent disaster.

“This will also link to the National Disaster Centre and will not work in a competitive or contradictory manner. This allows communities direct access to report incidents via email at EHR@dhs.gov.za,” the Minister explained.

In addition, a disaster management team, which combines and leverages the skills and capacity of the department and departmental entities – including the Housing Development Agency, National Home Builders Regulatory Council, and the National Housing Finance Corporation – has been created.

“A framework has been developed, which includes the definition of the roles and responsibilities, the implementation guidelines and the Standard Operating Procedure. This team is ready to commence with the work on 1 April 2023.

“We have further decided that instead of providing Temporary Residential Units (TRUs) for disaster-affected households, we will introduce a permanent solution through alternative building technology (ABT), particularly in rural areas where mud houses often disintegrate during severe rainfall,” Kubayi said.

Other measures will include the provision of vouchers for affected households to enable them to build their own homes; the provision of building material for residents in informal settlements to rebuild in the same location or to relocate to safer land, working alongside social facilitators, and the provision of Transitional Emergency Accommodation (TEA), which could include using various identified vacant government buildings across the country that can be transformed into habitable environments.

Source: South African Government News Agency

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

Back To School Drive Saves 14-Year-Old Boy

A joint effort between Nyumba Kumi members and the Senior Assistant Chief Samson Ngetich of Itembe Sub Location has resulted in a pupil who had earlier refused to go to school returning to pursue education.
The pupil, a 14-year-old boy of Kaptambuliet Primary School, had left school to ride a boda boda motorcycle citing lack of school uniform.
According to the Assistant Chief, the boy was not genuine in his reason for dropping out of school adding he had become unruly.
He said it took the concerted efforts between him and teachers to provide moral support and guidance on the importance of education to the boy who yielded and went back to school.
He further stated that as per the Government directive that no child who is of school going age should be out of education institutions, he was going to extend the exercise to round up other children who have since dropped out of school.
Ngetich said there were certain special cases of children dropping out of school for reasons of early pregnancy adding that even they should go back to school after delivery.
The administrator said then there were those who were found to have no reason at all saying bodaboda business had lured boys into the search for quick money while there were those who had involved themselves in drinking alcohol and bhang smoking leading to truancy in schools.
He said the trend would not be allowed to continue while advising parents that they would be held responsible if found to be condoning cases of school dropouts.

Source: Kenya News Agency

County Targets Sh400 Million Tax Revenue By End Of March

The Uasin Gishu County administration has rolled out a public sensitization for business operators and landowners to underscore the importance of paying tax on time to enable the county government execute operations.
Speaking on Monday when he flagged off the County Revenue Enhancement Team at the county headquarters in Eldoret, Governor Jonathan Chelilim pointed out that the county had targeted Sh1.4 billion this year and that it looks forward to collecting not less than Sh400 million by Friday March 31, 2023.
‘We would like to sensitize the business community and landowners that we need tax to fund our various activities that we have for the county, they should pay tax, land rates, and renew their licences and pay all the required fees on time because we want to ensure compliance,’ he said.
He indicated that if the county managed to meet the set target of Sh1.4 billion it would boost its shareable revenue allocation from the national government.
‘As a county, we depend on our own revenue source, we had a target of Sh1.4 billion this year and if we get this money, our shareable revenue allocation from the national government will increase. This week alone we are expecting not less than Sh 400 million from tax revenue. There is no room for tax evasion,’ said Chelilim.
He noted that the county has a strong compliance team who would be going around across the county up to the ward level to remind people to pay tax before the deadline and to ensure people follow right procedures in paying tax, obtaining permits and licences to operate their businesses.
Uasin Gishu Deputy Governor Engineer John Barorot called on the landowners to honour their responsibilities by paying land rates before the deadline on Friday midnight March 31, 2023 to avoid penalties.
‘For land rates, let us not wait for waivers in order to pay because by paying tax you will enable the county government to provide its services on time, do not wait until it is too late upon which penalties will be imposed, because as you know by this Friday 31 midnight you will be forced to pay the initial amount plus an additional 50 per cent penalty,’ noted Engineer Barorot.
Present during the event were the County Executive Committee Member (CECM) for Finance and Economic Planning, Micah Rogony and his Trade and Industrialization counterpart Martha Cheruto.
The Revenue Enhancement Team was asked to observe professional code of conduct while on duty and carry out the exercise in a friendly manner to avoid conflicts with the business community.

Source: Kenya News Agency

Wood Mackenzie nomeia novo Chief Financial Officer

Simon Crowe, anteriormente da ERM, traz experiência para a indústria de sustentabilidade e energia

Headshot of Simon Crowe

Headshot of Simon Crowe, CFO at Wood Mackenzie.

LONDRES, HOUSTON e SINGAPURA, March 29, 2023 (GLOBE NEWSWIRE) — A Wood Mackenzie, uma empresa de portefólio da Veritas Capital, nomeou Simon Crowe para a sua equipa de liderança executiva global como Chief Financial Officer (CFO), a partir de 27 de março.

Simon tem uma vasta experiência em empresas privadas e públicas nos EUA, Europa e Ásia. Simon junta-se à Wood Mackenzie após quase cinco anos como CFO na ERM, a maior consultoria de sustentabilidade e meio ambiente do mundo, onde desempenhou um papel fundamental no rápido crescimento, diversificação e investimento bem-sucedido da KKR.

Comentando a nomeação de Simon, Mark Brinin, CEO da Wood Mackenzie, disse: “Simon é um CFO com mentalidade comercial, e uma ampla experiência internacional, tendo trabalhado com a ERM apoiada por private equity e empresas listadas nas bolsas de valores de Nova York, Londres e Europa. Possui fortes competências de gestão financeira e liderança estratégica. A sua experiência diversificada em consultoria ambiental e mercados globais de energia aporta um conhecimento profundo dos nossos mercados finais. A sua considerável experiência beneficiará o futuro sucesso da Wood Mackenzie. É com grato prazer que acolhemos Simon na nossa empresa.”

“Está bem qualificado para ajudar a equipa a aproveitar as décadas de liderança e inovação no setor da energia. É um momento emocionante para se juntar à Wood Mackenzie, já que a empresa está bem posicionada para se expandir e aumentar os conhecimentos críticos fornecidos à sua crescente base de clientes em toda a cadeia de valor de energia e renováveis”, acrescentou Brinin.

Simon Crowe, CFO, comentou: “Estou muito entusiasmado por me juntar à equipa da Wood Mackenzie. Os mercados globais de energia, renováveis e commodities estão em transição para o zero líquido e a Wood Mackenzie tem um novo parceiro estratégico na Veritas Capital. O mundo dependerá cada vez mais dos conhecimentos críticos, dados e conhecimentos que as equipas de pesquisa e consultoria da Wood Mackenzie desenvolveram nos últimos 50 anos. Estou ansioso por trabalhar com uma equipa global de primeiro nível e ajudar a impulsionar a agenda de crescimento.”

NOTAS DO EDITOR
Veja a equipa completa de liderança executiva da Wood Mackenzie aqui.
Leia o comunicado de imprensa anunciando a aquisição da Wood Mackenzie pela Veritas Capital em fevereiro aqui.

Para obter mais informações, entre em contacto com a equipa de relações com os meios de comunicação da Wood Mackenzie:
Sonia Kerr
+44 330 174 7267
Sonia.kerr@woodmac.com

Recebeu este comunicado de imprensa da Wood Mackenzie devido aos dados que possuímos acerca de si. Se as informações que temos estiverem incorretas, pode fornecer as suas preferências atualizadas contactando a nossa equipa de relações com os meios de comunicação. Se não quiser receber este tipo de e-mail no futuro, responda com “unsubscribe” (cancelar subscrição) no cabeçalho do assunto.

Acerca da Wood Mackenzie
A Wood Mackenzie é uma fonte confiável de inteligência comercial para o setor dos recursos naturais em todo o mundo. Capacitamos os clientes a tomarem melhores decisões estratégicas, fornecendo análises objetivas e aconselhamento sobre ativos, empresas e mercados. Para mais informações, visite: www.woodmac.com ou siga-nos no Twitter @WoodMackenzie
WOOD MACKENZIE é uma marca comercial da Wood Mackenzie Limited e está sujeita a registos de marcas comerciais e/ou pedidos na Comunidade Europeia, nos EUA e noutros países do mundo.

Sobre a Veritas Capital 
A Veritas é uma investidora de tecnologia de longa data com mais de 40 mil milhões de USD em ativos sob gestão e um foco nas empresas que operam na intersecção entre tecnologia e governo. A empresa investe em empresas que fornecem produtos, software e serviços fundamentais, principalmente soluções tecnológicas e baseadas em tecnologia, a clientes governamentais e comerciais em todo o mundo. A Veritas procura criar valor transformando estrategicamente as empresas nas quais investe por meios orgânicos e inorgânicos. Aproveitar a tecnologia para ter um impacto positivo em áreas de vital importância, como saúde, educação e segurança nacional, é fundamental para a empresa. A Veritas é uma orgulhosa administradora de ativos nacionais, melhorando a qualidade dos cuidados de saúde e, ao mesmo tempo, reduzindo custos, promovendo o nosso sistema educacional e protegendo a nossa nação e aliados. Para obter mais informações, visite www.veritascapital.com.

Uma foto a acompanhar este anúncio está disponível em https://www.globenewswire.com/NewsRoom/AttachmentNg/dc6a85fd-6cd6-4b57-b37d-ca7c25a9ea5b

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