Tag: South Africa

VILNIUS, Lithuania, March 02, 2023 (GLOBE NEWSWIRE) — Avia Solutions Group, the leading aviation business group, has become an Irish-based company. Following the transfer of its controlling headquarters to Ireland, Dublin, the group also became the second largest Irish-registered aviation business behind aviation giant Ryanair.

“Moving the company’s controlling headquarters to Ireland was a strategically important step for us in terms of our further development plans,” explains Jonas Janukenas, CEO of Avia Solutions Group. “Ireland is known as the hub of aviation. A large number of aviation companies are located here, hence, being closer to the aviation community we will be able to implement the group’s development plans faster and maintain market leadership.”

According to Janukenas, the company’s financial instruments on the Dublin Stock Exchange have been purchased by the world’s largest institutional investors from the USA and Europe, so this was also one of the reasons for choosing Ireland.

The group has offices spanning all across the world: Ireland, Lithuania, the US, United Arab Emirates, South Africa, Australia and Asia Pacific.

Avia Solutions Group is the world’s leading and largest ACMI (aircraft leasing, maintenance and insurance) services group with a fleet of more than 165 aircraft. The group also provides various aviation services, such as aircraft maintenance, pilot and crew training, ground handling, and others. Avia Solutions Group employs more than 11,000 highly skilled aviation professionals across different regions of the world.

About Avia Solutions Group

Avia Solutions Group is the largest global ACMI (aircraft, crew, maintenance, and insurance) provider with more than 165 aircraft fleet, and a parent company of SmartLynx Airlines, Avion Express, BBN Airlines, KlasJet, Magma Aviation and more operating in all continents in the world. The Group also provides various aviation services such as MRO (maintenance, repair, and overhaul), pilots and crew trainings, ground handling and other interconnected solutions. Avia Solutions Group is backed by over 11,000 highly skilled aviation professionals worldwide.

For more information, please visit www.aviasg.com

Media contact:
Silvija Jakiene
Chief Communications Officer
Avia Solutions Group
[email protected]
+370 671 22697

GlobeNewswire Distribution ID 1000795760

LONDON, March 01, 2023 (GLOBE NEWSWIRE) — The world’s latest investment migration option — and Africa’s second — the Namibia Residence by Investment Program has been launched by Henley & Partners, the global leaders in residence and citizenship planning.

The Namibian government is actively seeking foreign investment to boost the country’s economic growth and diversify the economy. The program provides numerous opportunities for international investors seeking a foothold and growth on the African continent, including tax incentives, financing, and a one-stop bureau service for international companies. For a minimum real estate investment of USD 316,000 in the new luxury golf and eco-friendly President’s Links Estate in Walvis Bay, successful investors will receive a five-year, renewable work permit which gives them the right to live, do business, and study in Namibia.

Group Head of Private Clients at Henley & Partners, Dominic Volek, says, “We are delighted to announce this innovative new residence by investment offering in Africa. Namibia’s stunning landscape, attractive tax system, and business-friendly environment make it an ideal option for international entrepreneurs, high-net-worth individuals, or retirees. There are fewer than 600 real estate units available in this exclusive coastal estate that qualifies for residence, so investors need to move quickly if they want to take advantage of this limited opportunity to secure residence rights in one of the most nature- and wildlife rich countries in the world.”

One of Africa’s fastest growing private wealth markets

The total private wealth currently held on the African continent is USD 2.1 trillion and is expected to rise by 38% over the next 10 years, according to the Africa Wealth Report, published by Henley & Partners in partnership with New World Wealth. Namibia is expected to be one of Africa’s fastest growing markets going forward, with high-net-worth individual (those with wealth of USD 1 million or more) growth of over 60% forecast for the next decade (until 2032). According to New World Wealth’s December 2022 statistics, Namibia holds USD 26 billion in total investable wealth. The average wealth of a resident of Namibia (wealth per capita) is USD 10,050, ranking as the third highest in Africa after Mauritius and South Africa. The nation is home to around 2,100 high-net-worth individuals and three centi-millionaires (with wealth of USD 100 million or more).

To attract inward investment, the government has made major improvements to its tax system in recent years. Namibia operates a source-based tax system, which means that foreign residents are generally only taxed on the income they generate in the country. What is more, tax rates are relatively competitive compared with many other emerging markets and particularly with neighboring countries such as South Africa. The top rate of income tax in Namibia is a modest 37%, but perhaps most notably there are no capital gains, estate, gift, inheritance, or net wealth/worth taxes.

Unprecedented interest in domicile diversification

Currently, the President’s Links Estate is the only investment route for the Namibia Residence by Investment Program. Group Head of Real Estate at Henley & Partners, Thomas Scott, says international real estate has always been a reliable asset class for global investors due to its long-term staying power. “Real estate–linked investment migration programs such as the offering in Namibia have the additional advantages of enhancing your global mobility and expanding your personal access rights as a resident or citizen of additional jurisdictions, creating optionality in terms of where you and your family can live, work, study, retire, and invest. The potential gains over the lifetime of this investment include the core value of the asset, rental yields, and global access as an ultimate hedge against both regional and global volatility.”

Volek points out that there has been significant and ongoing growth in the demand for residence and citizenship by investment options over the past few years. “The appeal of investment migration for affluent families is truly universal due to its many benefits, ranging from domicile diversification to global mobility enhancement, to accessing world-class education and healthcare, to having a plan B in times of turmoil. No matter where you were born, or where you currently reside, wealthy investors can futureproof themselves and their families for whatever might lie ahead through investment migration options such as the new Namibia Residence by Investment Program.”

Media Contact

Sarah Nicklin
Group Head of PR
[email protected]
Mobile: +27 72 464 8965

GlobeNewswire Distribution ID 1000795319

New Awards Categories for Achievements in Sustainability

FAIRFAX, Va., Feb. 22, 2023 (GLOBE NEWSWIRE) — The Stevie Awards are now accepting nominations for The 20th Annual International Business Awards®, the world’s premier business awards competition, which attracts nominations from organizations in more than 60 nations and territories each year.

All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – may submit nominations to The International Business Awards. The early-bird entry deadline, with reduced entry fees, is 12 April. The final entry deadline is 10 May, but late entries will be accepted through 14 June with payment of a late fee. Entry details are available at www.StevieAwards.com/IBA.

Juries featuring more than 150 executives around the world will determine the Gold, Silver, and Bronze Stevie Award winners. Winners will be announced on 11 August and celebrated at a gala banquet in Rome, Italy this October.

The International Business Awards recognize achievement in every facet of the workplace. Categories include:

• Management Awards
• Sustainability Awards
• Entrepreneur of the Year Awards
• Company of the Year Awards
• Customer Service Awards
• Human Resources Awards
• Information Technology Awards
• Marketing Awards
• New Product Awards
• Public Relations Awards
• Web Site, App, Event, Video and other media awards
• Social Media Awards
• Thought Leadership Awards

There are many new and revised features of The International Business Awards for 2023:

• There’s an entirely new group of five categories to recognize achievement in Sustainability.  Each of the five categories is split into six geographic sub-categories.
• There are new categories sprinkled throughout many of the category groups, especially in the categories for Achievement, Events, Marketing, Mobile Site & App, New Products & Services, Public Relations, Video, and Websites.
• The category group formerly known as Information Technology has been renamed Technology, to better reflect that all types of technology-related achievements are welcome to be nominated in these categories.
• The COVID-19 categories have been eliminated.

Stevie Award winners in the 2022 IBAs included Anexa BPO (Mexico), Abu Dhabi Ports Group (UAE), DHL Express (worldwide), Filinvest Alabang Inc. (Philippines), Halkbank (Turkey), IBM (USA), LLYC (Spain), Lotte Duty Free (South Korea), MDI Ventures (Indonesia), Megaphone (Australia), MetLife China, Octopus Energy (UK), Ooredoo (Singapore), Sleepm Global Inc. (Canada), Unicef Cambodia, Viettel Group (Vietnam), Wolters Kluwer Legal & Regulatory U.S., and many more.

About the Stevie Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Contact:
Nina Moore
+1 (703) 547-8389
[email protected]

GlobeNewswire Distribution ID 8752852

Nikkiso Clean Energy & Industrial Gases Middle East QFZ LLC

Nikkiso Clean Energy and Industrial Gases is proud to announce yet another expansion of their sales and service capabilities for the Middle East market. Nikkiso Clean Energy and Industrial Gases Middle East QFZ LLC will be located in the Business Innovation Park in Ras Bufontas, Qatar.

TEMECULA, Calif., Jan. 24, 2023 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group (“Group”), a part of the Nikkiso Co., Ltd (Japan) group of companies, is proud to announce yet another expansion of their sales and service capabilities for the Middle East market.

Nikkiso Clean Energy and Industrial Gases Middle East QFZ LLC will be located in the Business Innovation Park in Ras Bufontas, Qatar.

The mission of the new service centre is to support their local and regional customers for all projects and services related to Cryogenic Pumps, turboexpanders, and equipment for Liquefied Natural Gas, Ethylene, Ammonia, Hydrocarbon Gas Liquids, and Industrial Gases.

In addition, Nikkiso will support initiatives by regional players, on energy efficiency, waste heat recovery, and sustainability, by providing integrated complete solutions, such as Organic Rankine Cycle for Waste Heat Recovery, Hydrogen liquefaction and fueling, and Cryogenic Energy Storage.

“With this facility, Nikkiso CE&IG will be able to respond more quickly to our customer’s needs, providing individual service and solutions and further support our customers with our local presence,” according to Emile Bado, Executive Vice President, Sales & Business Development of the Group.

This expansion represents their commitment to and support their customers in Qatar and the Middle Eastern market.

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture and service engineered cryogenic gas processing equipment (pumps, turboexpanders, heat exchangers, etc.) and process plants for Industrial Gases, and Natural Gas Liquefaction (LNG), Hydrogen Liquefaction (LH2) and Organic Rankine Cycle for Waste Heat Recovery. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Nikkiso Cryo, Nikkiso Integrated Cryogenic Solutions, Cosmodyne and Cryoquip and a commonly controlled group of 20 operating entities.

For more information, please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c5d6ba2-8512-4d88-9225-ac887d1d4e7d

GlobeNewswire Distribution ID 8735765

The insurtech is named winner of the 2023 5-Star Diversity, Equity, and Inclusion award

Boston, Jan. 24, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies (NASDAQ: DCT), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, has earned recognition from Insurance Business America as its 2023 5-Star Diversity, Equity, and Inclusion winner for its strong programs and values around diversity, equity and inclusion (DE&I).

Duck Creek is inherently people-focused and proudly made up of diverse individuals and global teams. The company’s culture and DE&I programs are a central part of its strategic global vision. Duck Creek has five dedicated Employee Resource Groups (ERGs) focused on race, ethnicity, gender, military service and career level, and two councils focused on diversity and employee experience. Duck Creek has championed a workplace that values and celebrates individuals and differences while encouraging and enabling collaboration.

“It is an honor for Duck Creek to be recognized as a leader of diversity, equity and inclusion in the insurance industry,” says Mike Jackowski, Chief Executive Officer at Duck Creek. “Our people are our greatest asset and they are central to creating a community of belonging and helping us transform the future of insurance through purpose, technology and data. The different backgrounds, experiences and ideas of our employees enable our customers’ success and bring value to our entire ecosystem.”

“Diversity is vital at Duck Creek and we recognize that it has many dimensions,” said Amy Bayer, Global Director – DE&I, Engagement and Culture. “We work intentionally to ensure a diverse collection of people, voices, and perspectives are represented, respected, empowered, and thrive at our company. We are dedicated to continuously strengthening our winning culture and expanding our DE&I initiatives to remain a community where employees feel a true sense of belonging and experience opportunities for long-term personal and professional growth.”

About IBA

Insurance Business provides a unique offering in the insurance space as an aspirational business magazine featuring a series of industry reports that recognize the achievements of key individuals and businesses as well as providing the latest in business best practice in a continually evolving industry.

The monthly magazine is supported by an online industry hub offering daily news and business intelligence via a website and daily e-newsletter. Committed to delivering the latest industry news, opinion and analysis, Insurance Business Online takes a fresh approach to covering the need-to-know developments of the day from government and regulatory bodies, platforms, underwriters and insurance firms, as well as industry service providers.

About Duck Creek Technologies

Duck Creek Technologies (NASDAQ: DCT) 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.

Carley Bunch
Duck Creek Technologies
+1 (201) 962-6091
[email protected]

GlobeNewswire Distribution ID 8734761