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

Police Constable receives applause for exceptional performance


General Constable Wolli Yaw Yeboah of the Visibility Unit of the Oti Regional Police Command has received public praise for his prowess at directing traffic at the ‘Bank Square’ Junction in Dambai during rush hours.

He has positioned six lorry tyres at the junction with red and white paints as measures to help ease vehicular congestion, especially on market days.

G/Constable Yeboah is punctual at the Bank Square Junction as early as 0500 hours daily, which he does irrespective of the weather.

The zeal with which he executes his job has caught the admiration of many of the public, saying there were just a few officers willing to do that job.

Some passersby told the Ghana News Agency (GNA) that what amazed them was his professional conduct and how he spoke to traffic offenders.

‘He made sure everything is made right even if you are at fault, he takes his time to talk to you with respect and politeness,’ Mr Elijah Yaw Kiba, a driver, told the GNA.

He said he wished the Inspector General of Police, Dr Geor
ge Akuffo-Dampare, would promote the constable for his selfless dedication to Mother Ghana.

Source: Ghana News Agency

Farmers urged to help mitigate effect of post-harvest losses


Farmers have been urged to do more to mitigate the negative effect of post-harvest losses to prevent food insecurity.

Professor Osei-Agyemang Yeboah, an Economist and Social Scientist at the North Carolina Agriculture and Technical University, said achieving food security in African countries would be far-fetched if post-harvest loses were not checked and farmers continued the old practices of storage.

‘During the first few months after harvest there is food availability resulting in low prices, but later the farmers themselves become net buyers,’ he said, and urged them to increase profit through value addition to the produce.

Prof Yeboah said this in an interview with the Ghana News Agency (GNA) after more than 1,000 farmers were trained in agribusiness in the Karaga District of the Northern Region and Tempane, Garu and Binduri districts of the Upper East Region.

The training is under an ongoing project: Cultivating Productivity and Resilience to Mitigate Food Insecurity in West Africa and supported by
the United States Department of Agriculture (USDA).

It is coordinated by the 1890 Universities Centre of Excellence for Global Food Security and Defense, USA, North Carolina Agriculture and Technical University, and the Council for Scientific and Industrial Research-Savannah Agriculture Institute, Ghana.

The Project aimed at using new technologies of production with components of building skills of farmers in marketing, budgeting and business management to improve food security in some African countries.

Prof Yeboah, who is in Ghana as the team lead trainer for Sub-Saharan Africa, called for strengthened efforts and interventions to reduce food insecurity in northern Ghana.

He said the USDA was committed to providing technical resources to achieve both food and nutrition in Africa.

Dr Issah Sugri, the Project Coordinator in Ghana, said the USDA had since 2012, supported projects on appropriate storage technologies to achieve longer shelve life.

The project also introduced farmers to fertilizer managemen
t, soil and water management practices, and inter-cropping to reduce the effect of climate change on farm productivity, he said.

For the last three years, the activities focused on introducing farmers into Agribusiness and mind-shift to make farmers consider agriculture as business and not just a livelihood activity.

He advised that each crop cultivated or animal reared must be seen as a separate enterprise and records kept on them to help the farmer to determine which one brought good returns so as to decide which enterprise to concentrate on.

Source: Ghana News Agency

Africa needs economic model that serves interest of continent – President Akufo-Addo


The time has come for Africa to move towards an economic model which first serves the interest of the continent, says President Nana Addo Dankwa Akufo-Addo.

He said a paradigm shift, such as the implementation of the African Continental Free Trade Area (AfCFTA) initiative, had become imperative to withstand the sudden and dramatic disruptions to supply chains for essential products and the increasingly frequent global crises.

The President, addressing the 2024 World Economic Forum (WEF) event on ‘Driving Action under the African Continental Free Trade Area’, at Davos, Switzerland, urged the continent to show resilience in overcoming market dominance by a few actors.

Additionally, the leaders ought to work assiduously to reduce structural and regulatory barriers to market entry.

‘It is a well-known fact that, for Africa to grow, she must overcome a legacy of market fragmentation, stemming from the many political and economic barriers that have stifled the continent’s developmental potential,’ he stated.

He assured of Ghana’s commitment to hosting the AfCFTA Secretariat, and that it believed in the vision for the initiative.

AfCFTA is one of the flagship projects of Agenda 2063, Africa’s development framework, with the objective of creating a single market for goods and services, facilitated by the movement of persons.

The aim is to deepen the economic integration of the continent in accordance with the Pan African Vision of ‘an integrated, prosperous and peaceful Africa’.

The initiative seeks to promote industrial development through diversification and regional value chain development, agricultural development and food security, and

also create a liberalised market for goods and services through successive rounds of negotiations.

President Nana Akufo-Addo called for effective private sector-led participation to ensure the success of the initiative.

‘Critically, active private sector participation will be key to the success of this transformational initiative.

‘Excellencies, let us not lose sight of t
he fact that the AfCFTA is not a government initiative, rather it represents the first step toward empowering our private sector to lead the economic emancipation and transformation of our continent,’ he noted.

The World Bank says the global economy is a source of growth that African economies cannot afford to ignore.

While African exports of goods and services have seen their fastest growth in the past decade, the volumes remain low at just three per cent of global trade.

‘The time is ripe for policymakers to expand their thinking beyond traditional approaches and traditional markets, if they want to play an active role in international trade in the 21st century,’ said Ousmane Diagana, the World Bank Vice President for Western and Central Africa.

The agenda for the WEF 2024 is structured around four key themes – achieving security and cooperation in a fractured world, creating growth and jobs for a new era, artificial intelligence as a driving force for the economy and society, and a long-term strategy f
or climate, nature and energy.

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

Zambia shares honours with DR Congo


Zambia failed to hold on to their lead in the opening game of Group F, against DR Congo in the TotalEnergies CAF Africa Cup of Nations match played on Wednesday.

The Leopards kicked off well by taking control of the game but were wasteful upfront.

Zambia got the lead 23 minutes into the game through Kings Kangwa. This was after the midfielder pounced on goalkeeper Lionel Mpasi error to score from a distance.?

Zambia after taking the lead looked a bit down upfront with Paston Daka and Fashion Sakala failing to give enough problems to the Dr Congo defense.?

The Congolese there after created more chances and were more purposeful this time around.?

It was Yoane Wissa who connected to Cedric Bakambu’s low cross to level up for DR Congo.

Dr. Congo came into the second half stronger just as how they ended the first half and it nearly paid off but for VAR.?

The Leopards were awarded a penalty but was canceled after VAR consultations by referee Bamlak Tessema Weyesa.?

Morocco’s emphatic win means they top Gro
up D with three points followed by D.R. Congo and Zambia with a point each.?

D.R. Congo will play Morocco next on Sunday, January 21 at the Stade Laurent Pokou in San Pedro.?

Source: Ghana News Agency