March 10, 2022 – Page 2 – L' Observateur Burundi

March 10, 2022

BNY Mellon Announces Leadership Succession Plan Naming Robin Vince CEO-Elect

CEO Todd Gibbons to Retire This Year

Robin Vince, Vice Chair of BNY Mellon and CEO of Global Market Infrastructure, Named President and CEO-elect

NEW YORK, March 10, 2022 /PRNewswire/ — The Bank of New York Mellon Corporation (“BNY Mellon”) (NYSE: BK) announced today that Thomas P. (Todd) Gibbons has decided to retire as Chief Executive Officer and member of the Board of Directors on August 31, 2022, after a distinguished 36-year career with the company. The Board of Directors has appointed Robin Vince to be his successor at that time. Mr. Vince will initially serve as President and CEO-elect, effective immediately, working closely with Mr. Gibbons to ensure a seamless and orderly transition of responsibilities.

Robin Vince, President and CEO-elect, BNY Mellon

Mr. Gibbons has held numerous leadership positions over his tenure, including as CEO since September 2019. He led BNY Mellon through the challenges and complexities of the COVID-19 pandemic – safeguarding clients’ assets, protecting employees, improving the resiliency of its operations, driving organic growth and efficiencies, and stewarding support for global markets and government programs. Moreover, Mr. Gibbons developed a strong and diverse leadership team while working together with the Board of Directors to develop and execute a leadership succession plan that resulted in the decision to name Mr. Vince as his successor.

Mr. Vince currently serves as Vice Chair of BNY Mellon and CEO of Global Market Infrastructure, which includes BNY Mellon’s Pershing, Treasury Services, and Clearance and Collateral Management lines of business as well as Markets & Execution Services. Prior to joining BNY Mellon, Mr. Vince spent 26 years with Goldman Sachs, most recently serving as Chief Risk Officer and member of the Management Committee and previously as Treasurer, Head of Operations, Head of Global Money Markets, Chief Operating Officer of the EMEA region and CEO of Goldman Sachs International Bank, among other roles.

Joseph J. Echevarria, Independent Chair of the Board of Directors, said: “Today’s announcement is the culmination of the Board and Todd’s well-planned, thorough and orderly succession process to ensure continuity of leadership and BNY Mellon’s continued success. As Todd retires after nearly four decades of service to the company and its shareholders, including his outstanding leadership through the global pandemic, we want to thank Todd for his many contributions. He has consistently demonstrated an unwavering commitment to our clients and his colleagues and was instrumental in building BNY Mellon into the institution it is today.”

Mr. Gibbons said: “It has been an honor working for BNY Mellon over the last 36 years, in part because I firmly believe in the company’s core mission and the value our services bring to clients and society. The pandemic highlighted our important role in the global financial ecosystem as well as our resilience, and we stand today as market leader across many of our businesses. As I prepare to retire, I cannot think of a better person than Robin to ensure the company capitalizes on the broad range of opportunities ahead as the industry continues to evolve. Robin has been a significant contributor to the company, our strategy and growth agenda. He is someone I deeply respect and trust, and I look forward to working side-by-side with him to support the transition over the coming months while continuing to drive organic growth.”

Mr. Echevarria continued: “Since he joined BNY Mellon in 2020, Robin has made significant contributions to the business, and demonstrated a rigorous approach to strategy, execution and serving clients. In addition to his BNY Mellon experience, Robin brings a global perspective and an exceptional understanding of capital markets, coupled with a strong commercial orientation and a wealth of experience from his various leadership roles over 26 years at Goldman Sachs. This, together with the trust and respect Todd has for him, gives us great confidence that Robin is the right person to steer BNY Mellon through its exciting next chapter of history. The Board will support Robin, Todd and the entire Executive Committee as they work closely together to ensure a seamless handover in the coming months.”

Mr. Vince commented: “BNY Mellon is an extraordinary institution with a rich history, leading market positions and an exceptional global client franchise. It is a privilege to be the company’s next CEO and I look forward to working in partnership with Todd and the Executive Committee to ensure a seamless transition. I am grateful for the support of my colleagues across the company as I take up my new role. BNY Mellon plays a critical role in the global financial system, and it is our spirit of innovation, deep client relationships and culture that differentiate the company. I look forward to leading this historic institution of nearly 50,000 employees, with a rigorous approach to driving further organic growth and creating value for all stakeholders.”

About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Dec. 31, 2021, BNY Mellon had $46.7 trillion in assets under custody and/or administration, and $2.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Contacts:

Media
Garrett Marquis
+1 949 683 1503
garrett.marquis@bnymellon.com

Analysts
Marius Merz
+1 212 298 1480
marius.merz@bnymellon.com

Photo – https://mma.prnewswire.com/media/1763761/BNY_Mellon_Robin_Vince_CEO_elect.jpg

March 10, 2022

Eagle Eye Networks Introduces Eagle Eye LPR, Making Highly Accurate License Plate Recognition Possible with any Security Camera

Eagle Eye LPR Makes License Plate Recognition Practical and Affordable

Global cloud video surveillance provider Eagle Eye Networks introduced Eagle Eye LPR (license plate recognition) that is easy to deploy and manage, and it does not require the purchase of special cameras.

The newest enhancement to the Eagle Eye Cloud VMS (video management system), Eagle Eye LPR/ANPR is AI-powered, cloud-managed, and does not require the purchase of special cameras

AUSTIN, Texas, March 10, 2022 (GLOBE NEWSWIRE) — Eagle Eye Networks, the global leader in cloud video surveillance, today launched Eagle Eye LPR (license plate recognition), which uses artificial intelligence (AI) in a true cloud-based system for high accuracy in all kinds of challenging conditions. Eagle Eye LPR operates on readily available security cameras making it affordable and practical for today’s business owners.

“We’re seeing increased demand for LPR/ANPR for security and business optimization. Eagle Eye LPR is designed to be easy to deploy and manage, and it does not require the purchase of special cameras,” said Dean Drako, CEO of Eagle Eye Networks. “Our industry-leading AI not only provides high accuracy, Eagle Eye cloud LPR is continuously improved to support new license plates and increase accuracy.”

Powered by Eagle Eye Networks industry-leading AI and analytics, Eagle Eye LPR works with the Eagle Eye Networks Vehicle Surveillance Package (VSP) to enable seamless monitoring of vehicles across multiple locations.

Eagle Eye Networks supports many manufacturers’ LPR products including cameras. Eagle Eye Networks operates an open system giving customers choice. The Eagle Eye Cloud VMS will continue to support camera and other LPR technologies.

The benefits of Eagle Eye LPR include:

Camera Agnostic: Works securely with nearly any IP or other camera
Affordable: Does not require specialty cameras, onsite hardware or onsite maintenance
High Accuracy: Eagle Eye’s AI provides industry-leading accuracy even for non-standard license plates and in challenging lighting and environmental conditions
Flexibility: Open API for unlimited integrations with other technology partners
Scalability: Manage and add locations, cameras, features with the click of a button
Continuous Delivery: AI LPR is continually improved to support newer license plates, and all Eagle Eye development innovations are instantly delivered to customers via the cloud
Broad Geographic LPR/ANPR Support: North America, Mexico, EU, UK, India, Singapore, Malaysia, Australia

Target applications for Eagle Eye LPR include:

Smart Parking with LPR-based automation
Corporate Offices – Secure, smooth vehicle entry/exit
Healthcare and Education Campuses – Touchless access control
Home Owners Associations (HOAs) and Multi-Family Homes – Neighborhood safety
Critical Infrastructure, Industrial – Multi-site remote monitoring
Restaurants, Retail, Curbside Pickup – Improved customer experience
Hospitality, and more

Eagle Eye LPR offers resellers opportunities to enter new markets, to provide additional services, and to increase revenue.

“With Eagle Eye LPR, there’s no major hardware swap or installation, you can use existing cameras,” said Lon Bazelais, president of Grid Squared Systems, an Eagle Eye Networks certified security systems integrator based in New York City. “They have made it super easy for us and for our clients. Eagle Eye license plate recognition removes the hassle and expense of LPR systems. Now, Eagle Eye LPR will allow us to enter new vertical markets, notably parking facilities, which is a huge opportunity for us in New York City. We’re also excited to bring this advanced technology to our existing clients who want to add LPR to their current security systems.”

Brian West, President of ParkNGo in Dayton, Ohio who is using Eagle Eye LPR to modernize their overall security posture, added “we’re seriously streamlining parking operations and improving the experience for customers at the same time. With Eagle Eye LPR, our customers can enter and exit the lot without even rolling down their windows. Their prepaid parking reservation is automatically applied and the experience is just short of magical. We’re impressed with the high accuracy of the Eagle Eye LPR—their artificial intelligence (AI) makes the difference—and it is so simple for our employees to use. The total cost of ownership is reduced as the solution works with a low-cost ONVIF camera, and the managed service from Eagle Eye assures me of continuous upgrades and support.”

LPR is also known as Automatic Number Plate Recognition (ANPR) or Automatic License Plate Recognition (ALPR). Eagle Eye LPR is available now. Visit our site for more information.

ABOUT EAGLE EYE NETWORKS
Eagle Eye Networks is the global leader in cloud video surveillance, delivering cyber-secure cloud-based video with artificial intelligence (AI) and analytics to make businesses more efficient and the world a safer place. The Eagle Eye Cloud VMS (video management system) is the only platform robust and flexible enough to power the future of video surveillance and intelligence. Eagle Eye is based in Austin, Texas with offices in Amsterdam, Bangalore, and Tokyo. Learn more at een.com.

EAGLE EYE PRESS CONTACT
GLOBAL HQ
Martha Entwistle
mentwistle@een.com
+1-512-473-0500

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3053614f-7b00-4a40-9f25-9d16bd67207b

March 10, 2022

Eagle Eye Networks lance Eagle Eye LPR, permettant une reconnaissance des plaques d’immatriculation hautement précise avec n’importe quelle caméra de sécurité

La toute dernière amélioration apportée au logiciel de gestion vidéo Eagle Eye Cloud VMS, Eagle Eye LPR/ANPR, est basée sur l’IA, gérée dans le cloud et ne nécessite pas l’achat de caméras spécifiques

AUSTIN, Texas, 10 mars 2022 (GLOBE NEWSWIRE) — Eagle Eye Networks, le leader mondial de la surveillance vidéo dans le cloud, a lancé aujourd’hui le logiciel de reconnaissance des plaques d’immatriculation Eagle Eye LPR, qui utilise l’intelligence artificielle (IA) dans un système véritablement basé sur le cloud pour une haute précision dans toutes sortes de conditions délicates. Eagle Eye LPR fonctionne sur des caméras de vidéosurveillance déjà existantes, ce qui le rend abordable et pratique pour les propriétaires d’entreprise actuels.

« Nous constatons une augmentation de la demande des logiciels LPR/ANPR pour la sécurité et l’optimisation commerciale. Eagle Eye LPR est conçu pour être facile à déployer et à gérer, et ne nécessite pas l’achat de caméras spéciales », a déclaré Dean Drako, PDG d’Eagle Eye Networks. « Outre la haute précision fournie par notre IA qui est leader du secteur, Eagle Eye cloud LPR est continuellement amélioré pour prendre en charge de nouvelles plaques d’immatriculation et gagner en précision. »

S’appuyant sur l’IA et les capacités d’analyse de pointe d’Eagle Eye Networks, Eagle Eye LPR opère avec le progiciel de surveillance des véhicules (VSP) d’Eagle Eye Networks pour permettre une surveillance sans faille des véhicules sur plusieurs sites.

Eagle Eye Networks prend en charge les produits de reconnaissance des plaques d’immatriculation de nombreux fabricants, y compris les caméras. Eagle Eye Networks exploite un système ouvert offrant le choix aux clients. Le logiciel de gestion vidéo Eagle Eye Cloud VMS continuera de prendre en charge les caméras et autres technologies de reconnaissance des plaques d’immatriculation.

Les avantages d’Eagle Eye LPR incluent :

Caméra agnostique : fonctionne en toute sécurité avec presque n’importe quelle caméra IP ou autre
Abordable : ne nécessite ni caméras spécialisées, ni matériel informatique ou maintenance sur site
Haute précision : l’IA d’Eagle Eye fournit une précision inégalée, même pour les plaques d’immatriculation non standard et dans des conditions environnementales et d’éclairage complexes
Flexibilité : API ouverte pour des intégrations illimitées avec d’autres partenaires technologiques
Évolutivité : gérez et ajoutez des emplacements, des caméras et des fonctionnalités en un seul clic
Livraison continue : l’IA de reconnaissance des plaques d’immatriculation est continuellement améliorée pour prendre en charge de nouvelles plaques et toutes les innovations de développement d’Eagle Eye sont instantanément fournies aux clients via le cloud
Vaste assistance LPR/ANPR géographique : en Amérique du Nord, Mexique, UE, Royaume-Uni, Inde, Singapour, Malaisie, Australie

Les applications concernées par Eagle Eye LPR incluent :

Parking intelligent avec automatisation basée sur la reconnaissance des plaques d’immatriculation
Bureaux d’entreprise – entrée/sortie sécurisée et fluide des véhicules
Campus de santé et d’éducation – contrôle d’accès sans contact
Associations de propriétaires (HOA) et logements collectifs – sécurité des quartiers
Infrastructure critique, secteur industriel – surveillance multi-sites à distance
Restaurants, commerces, collecte porte-à-porte – expérience client améliorée
Hôtellerie et plus encore

Eagle Eye LPR offre aux revendeurs des opportunités de pénétrer de nouveaux marchés, de fournir des services supplémentaires et d’augmenter leurs revenus.

« Avec Eagle Eye LPR, il n’y a pas besoin d’installation ni de remplacement majeur de matériel informatique. Les caméras existantes peuvent être utilisées », a commenté Lon Bazelais, le président de Grid Squared Systems, un intégrateur de systèmes de sécurité basé à New york et certifié par Eagle Eye Networks. Ils ont simplifié les choses pour nous et pour nos clients. Eagle Eye LPR élimine les tracas et les dépenses liées aux systèmes de reconnaissance des plaques d’immatriculation. Aujourd’hui, Eagle Eye LPR nous permettra de pénétrer de nouveaux marchés verticaux, notamment les installations de stationnement, ce qui représente une énorme opportunité pour nous à New York. Nous sommes également ravis d’apporter cette technologie avancée à nos clients existants qui souhaitent ajouter la reconnaissance des plaques d’immatriculation à leurs systèmes de sécurité actuels. »

Brian West, président de ParkNGo à Dayton, dans l’Ohio, qui utilise Eagle Eye LPR pour moderniser sa position globale en matière de sécurité, a ajouté : « Nous rationalisons sérieusement les opérations de stationnement, tout en améliorant l’expérience pour les clients. Avec Eagle Eye LPR, nos clients peuvent entrer et sortir du parc de stationnement sans même ouvrir leurs fenêtres. Leur réservation de stationnement prépayé est automatiquement appliquée et l’expérience est presque magique. Nous sommes impressionnés par la haute précision du logiciel Eagle Eye LPR — son intelligence artificielle (IA) fait la différence — et il est très simple d’utilisation pour nos employés. Le coût total de possession est réduit car la solution fonctionne avec une caméra ONVIF à faible coût, et le service géré d’Eagle Eye m’assure des mises à niveau et une assistance continues. »

La reconnaissance des plaques d’immatriculation (LPR) est également connue sous le nom de reconnaissance automatique des plaques minéralogiques (ANPR) ou reconnaissance automatique des plaques d’immatriculation (ALPR). Eagle Eye LPR est disponible dès maintenant. Pour tout complément d’information, veuillez consulter notre site.

À PROPOS D’EAGLE EYE NETWORKS
Eagle Eye Networks est le leader mondial de la surveillance vidéo dans le cloud, fournissant des vidéos basées sur le cloud cyber- sécurisées avec intelligence artificielle (IA) et des capacités d’analyse pour rendre les entreprises plus efficaces et le monde plus sûr. Le système de gestion vidéo Eagle Eye Cloud VMS est la seule plateforme suffisamment robuste et flexible pour optimiser l’avenir de la vidéosurveillance et des renseignements. Eagle Eye est basée à Austin, au Texas, et compte des bureaux à Amsterdam, Bangalore et Tokyo. Pour en savoir plus, rendez-vous sur een.com.

CONTACT AUPRÈS DES MÉDIAS CHEZ EAGLE EYE SIÈGE INTERNATIONAL
Martha Entwistle mentwistle@een.com
+1-512-473-0500

Une photo accompagnant ce communiqué de presse est disponible à l’adresse suivante :

https://www.globenewswire.com/NewsRoom/AttachmentNg/3053614f-7b00-4a40-9f25-9d16bd67207b

March 10, 2022

“Carbon Neutrality” Creates New Era | What Dr. Fang saw at MWC?

BARCELONA, Spain, March 10, 2022 /PRNewswire/ — The 2022 Mobile World Congress (MWC) which attracted more than 2000 companies’ participation was successfully held in Barcelona from February 28th to March 3^rd. As the world’s top mobile congress, MWC 2022 focused on hot topics such as 5G, AI, cloud network and the Internet of Everything. MWC2022 turn out be the first underline exhibition and the largest one since the epidemic.

Guests cannot ignore Huawei’s green ICT technologies and practices, which have attracted thousands of people who want to see what this ICT giant will do in the Carbon Neutrality Era.

Dr. Fang Liangzhou, the VP and CMO of Huawei Digital Power, unveiled the Digital & Smart forest, the exhibition area named by the vision of Huawei Digital Power. In the fount of the HUAWEI exhibition era, Dr.Fang shared his observations and thoughts on Carbon Neutrality through new technologies, products and solutions.

In 1# Hall of the MWC Expo, Huawei’s slogan Lighting up the Green Future which summarized Huawei’s vision of continuously creating value for customers through continuous innovation and building a better, greener future, made a stunning appearance.

In order to support carriers’ green development strategy, Huawei put forward the More Bits, Less Watts viewpoint, and adopted the green site-green network-green operation systematic solution to help carriers continually increase network capacity and reduce unit bit energy consumption. By adding 5G without adding energy OPEX, one site one cabinet, one site one blade, HUAWEI increased the energy efficiency from 89% to 97%, and reduced the cost per watt by 20%. The data gives us a beautiful scenery of the future of green 5G.

With the proliferation of digital services, acceleration and high density of Data Center, the traditional concrete architecture is becoming more and more complex, the construction, deployment, operation and maintenance, also management become time-consuming and laborious, along with reduced reliability. Therefore, on the basis of modularity, Huawei focuses on two-wheel drive of Modularity Intelligence, and through four major reconstructions, reconstruction of architecture, temperature control, operation &maintenance, and power solution, promoting next-generation data centers to a new level of minimalism, greenness, intelligence and reliability.

It is foreseeable that with the deepening development of ICT technology, acceleration of green ICT technology, equipment manufacturers as Huawei will take more practice on More bits, Less watts, make efforts to promote industries by breakthrough of theories, materials and algorithms to achieve carbon emission reduction and energy saving.

Photo – https://mma.prnewswire.com/media/1764042/1.jpg

March 10, 2022

‫”أركتيك” تطلق مستندها التقني التعريفي حول زيادة إنتاجية الطاقة الكهروضوئية معمعاملات وضعية التخزين الفائقة

شنغهاي، 10 مارس 2022 /PRNewswire/ — أطلقت “أركتيك” ‎(Arctech) – وهي شركة عالمية رائدة في مجال أنظمة التتبع وحلول الطاقة الشمسية المدمجة بالأبنية (BIPV) والهياكل الثابتة – مستندًا تقنيًا تعريفيًا جديدًا يشرح الفوائد التي يوفرها تصميم منظومة تتبع قوية في زيادة إنتاجية الطاقة. ويتحقق ذلك من خلال تحديد معاملات وضعية التخزين المناسبة من حيث سرعة الرياح وإمالة المتعقب.

لقد أصبحت وحدات الطاقة الشمسية ذات إنتاجية الطاقة العالية هي الاتجاه الحالي السائد في إنشاء المحطات الكهروضوئية، حيث أنه يمكنها خفض التكلفة المستوية للطاقة LCOE كما تؤدي إلى انخفاض تكلفة إنشاء الأنظمة الشمسية. ومع ذلك، فإن الوحدات الأكبر حجمًا تؤدى إلي زيادة سماحة المحطات الشمسية وتؤدي إلى زيادة الأحمال الخاصة بهياكل أنظمة المتتبعات والتي قد تؤدى إلى حدوث بعض الخلل بها.

لقد قام مصنعو المتعقبات الذكية مثل “أركتيك” بزيادة صلابة أنظمة التتبع الشمسي وذلك حتى تتلاءم مع وحدات الطاقة الشمسية الجديدة، وليس الهدف فقط هو الحفاظ على استقرار وصلابة النظام، بل أن الهدف هو زيادة استقرار وصلابة أنظمة التتبع الشمسي حتى في ظل سرعات الرياح العالية.

لقد كانت “أركتيك” هي الشركة الرائدة التي قامت بترقية أنظمة التعقب خاصتها أحادية وثنائية الألواح (1P, 2P) من خلال تصميم مُحكم وابتكار نظام تتبع موازٍ متعدد النقاط. ويمكن لهذه المتعقبات القوية أن تتراص أفقيًا بأمان، ويُعد هذا أمرا بالغ الأهمية حيث أنه يؤدى إلى انخفاض ضغط الرياح الذي قد يؤثر على وحدات الطاقة الشمسية الجديدة ذات الأحجام الكبيرة، كما أنه يمكن تجنب التصدعات الناتجة من ضغط الرياح على الألواح الشمسية وانفصالها عن نظام التتبع. وتتيح المتعقبات الصلبة أيضًا زيادة سرعة الرياح التي تستدعي تراص المتعقبات أفقيا لحمايتها وبالتالي زيادة نطاق سرعات الرياح التشغيلية. ويمكن أن تساعد وضعية التخزين المُحسَّنة هذه أيضًا في منع فقد الطاقة وبالتالي زيادة توليد الطاقة والإيرادات إلى حد كبير، كما هو موضح في المستند التقني.

تقوم هذه الدراسة باستخدام طرقًا بسيطة وذلك لتوضيح هذه الميزة الخاصة من خلال مقارنة المتعقبات الجديدة الصلبة من “أركتيك” والمتعقبات التقليدية المرنة وذلك باستخدام التحليل العددي. وتقدم الدراسة تحليلاً للكيفية التي تتمكن بها متعقبات الطاقة الشمسية المزودة بآلية نظام تتبع موازٍ المتعدد النقاط من زيادة توليد الطاقة، مثال: دراسة تمت في تكساس بالولايات المتحدة الأمريكية. كما تسمح أنظمة التتبع سكاي لاين 2 “SkyLine II ” بجمع طاقة سنوية أعلى بنسبة 1.6٪، مقارنةً بالمتعقبات التقليدية التي تبدأ بالتراص في وضعية التخزين الآمنة بفعل سرعات رياح أقل بكثير. وبالنسبة إلى محطات الطاقة الشمسية النموذجية، كان تسعير النفقات الرأسمالية(Capex) واتفاقية شراء الطاقة (PPA) في المنطقة كان يعادل زيادة في معدل العائد الداخلي (IRR) بحوالي 0.2٪ أو 3 مليون دولار أكثر في الإيرادات طوال عمر المشروع.

انقر هنا لتنزيل المستند التقني.

الصورة – https://mma.prnewswire.com/media/1759587/Arctech_Announces_Launch_White_Paper_Increasing_PV_Energy_Yield_Superior.jpg

March 10, 2022

EMGA advises Annapurna Finance on their EURO 15M debt raise with funding from OeEB

LONDON, March 10, 2022 (GLOBE NEWSWIRE) — Annapurna Finance raised EURO 15 mn of senior debt from OeEB the Development Bank of Austria, this facility will provide financial assistance to its clients in microfinance space. EMGA advised on the transaction.

The EUR 15 million debt facility comes at a time when financial institutions world-wide are exploring new cross-border funding options to further deliver on their objectives.

“Increasing financial inclusion is one of our main strategic goals. We are therefore proud to work with Annapurna – an experienced partner in the field of microfinance,” stated Sabine Gaber, member of OeEB’s Executive Board. “Especially women often have very limited access to financial services, which is why we are particularly happy that our funds will support female entrepreneurs and contribute to improving gender equality in India.”

Commenting on the transaction, Annapurna’s CFO Satyajit Das said, “Annapurna is very pleased and welcomes OeEB as a new debt partner.” He further shared that, “We continued to grow despite the pandemic and the funding provided by OeEB will help boost our activities while generating strong positive impact.” He also praised EMGA advisory team in closing the deal.

EMGA’s Managing Director and Investment Banking Head Sajeev Chakkalakal said, “It was a pleasure to be able to communicate Annapurna’s vision of economic empowerment within India and successfully structure and negotiate this funding solution with OeEB.” Managing Director Jeremy Dobson added “Annapurna’s strong management and solid financial position were major factors that enabled Sajeev and EMGA’s Investment Banking team to complete this financing in tandem with the deep institutional framework and financial capacity that OeEB represents.”

Annapurna Finance is one of the top ten NBFC-MFIs in India. Annapurna Finance was established with a purpose of serving their clients by bringing them to mainstream, providing need based financial services at their doorstep. They currently operate in 19 states and manage assets of more than EURO 640 mn in microfinance and MSME space. They are headquartered out of Bhubaneswar, Odisha.

Oesterreichische Entwicklungsbank AG (OeEB) has been operating as the Development Bank of Austria since March 2008. It specialises in the provision of long-term finance for the implementation of private sector projects in developing countries which create sustainable development. Additionally, OeEB provides technical assistance, which can be used to enhance the developmental impact of projects. For more information, please visit https://www.oe-eb.at/

Emerging Markets Global Advisory (EMGA), with offices in London and New York, helps financial institutions and corporates seeking debt or equity capital. EMGA’s multi-national team combine the decades of experience necessary to complete transactions on behalf of their clients within the world’s emerging markets and frontier economies, including India which remains a key market. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues expanding its geographic reach and service offering, solidifying its place in the market as one of the industries pre-eminent emerging markets focused niche investment banks.

info@emergingmarketsglobaladvisory.com