EMGA completes EUR 9.4M capital raise for Kashf Foundation with financing from BIO

LONDON, Oct. 03, 2022 (GLOBE NEWSWIRE) — The EURO 9.4 million funding facility for Kashf Foundation was originated, structured, and negotiated by Emerging Markets Global Advisory LLP (EMGA), the emerging market investment bank.

Speaking on the transaction, Mr Shahzad Iqbal, CFO of Kashf Foundation said, “Kashf Foundation is registered as a Non-Banking Micro Finance Company regulated by the Securities and Exchange Commission of Pakistan. Set up in 1996 as the first specialized microfinance institution of Pakistan it began its operations as a Grameen replicator and since then, Kashf has successfully carved out a distinct and unique niche for itself in the microfinance sector in Pakistan by offering a suite of innovative and transformative products and services to low-income households especially for women. It has a current outreach of over 600,00+ female borrowers across its 360+ branches with a GLP of USD 90+ million.”

“Just to share that it has always been a pleasure working with EMGA on new transactions to expand our network and outreach. This is the first ever transaction that we are doing with BIO and that too, in Euros. I believe BIO and Kashf will work together and build a strong relationship to increase the financial inclusion in Pakistan and particularly for women. This transaction will help Kashf Foundation to expand its outreach not only in its existing operational areas but also in the new geographical regions across Pakistan.”

Emerging Markets Global Advisory LLP (EMGA)’s Managing Director and Head of Investment Banking Sajeev Chakkalakal said, “It has been a pleasure to continue our long-term partnership with Kashf Foundation and deliver this new financing solution despite the volatile economic environment both within Pakistan as well as globally.” Also commentating on the transaction, Emerging Markets Global Advisory Limited (EMGA)’s Managing Director Jeremy Dobson said, “It was a real pleasure to work with Kashf Foundation again on this latest transaction and help support their female micro-entrepreneur client base.”

Frédéric Vereecke, Investment Officer from the Belgian Investment Company for Developing countries (BIO) commented, “We welcome the opportunity to support Kashf Foundation in empowering women and their families by providing quality financial services to low-income households in Pakistan.”

Kashf Foundation is registered as a Non-Banking Micro Finance Company regulated by the Securities and Exchange Commission of Pakistan. Set up in 1996 as the first specialized microfinance institution of Pakistan it began its operations as a Grameen replicator and since then, Kashf has successfully carved out a distinct and unique niche for itself in the microfinance sector in Pakistan by offering a suite of innovative and transformative products and services to low-income households especially women.

Belgian Investment Company for Developing countries (BIO) supports a strong private sector in developing and emerging countries, to enable them to gain access to growth and sustainable development within the framework of the Sustainable Development Goals. They achieve this by investing in small and medium-sized enterprises, financial institutions, and infrastructure projects, contributing to socio-economic growth in developing countries.

Emerging Markets Global Advisory Limited (EMGA), with offices in New York and London helps financial institutions and corporates that seek new debt or equity capital. EMGA provides its services, to clients within many of the worlds rapidly developing economies, including Pakistan. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues to expand its geographic reach and service offering, as they solidify their place in the market as one of the industries preeminent emerging markets focused investment banks.

Contact details
info@emergingmarketsglobaladvisory.com

Nobel Prize Season Arrives Amid War, Nuclear Fears, Hunger

This year’s Nobel Prize season approaches as Russia’s invasion of Ukraine has shattered decades of almost uninterrupted peace in Europe and raised the risks of a nuclear disaster.

The secretive Nobel committees never hint who will win the prizes in medicine, physics, chemistry, literature, economics or peace. It’s anyone’s guess who might win the awards being announced starting Monday.

Yet there’s no lack of urgent causes deserving the attention that comes with winning the world’s most prestigious prize: Wars in Ukraine and Ethiopia, disruptions to supplies of energy and food, rising inequality, the climate crisis, the ongoing fallout from the COVID-19 pandemic.

The science prizes reward complex achievements beyond the understanding of most. But the recipients of the prizes in peace and literature are often known by a global audience and the choices — or perceived omissions — have sometimes stirred emotional reactions.

Members of the European Parliament have called for Ukrainian President Volodymyr Zelenskyy and the people of Ukraine to be recognized this year by the Nobel Peace Prize committee for their resistance to the Russian invasion.

While that desire is understandable, that choice is unlikely because the Nobel committee has a history of honoring figures who end conflicts, not wartime leaders, said Dan Smith, director of the Stockholm International Peace Research Institute.

Smith believes more likely peace prize candidates would be groups or individuals fighting climate change or the International Atomic Energy Agency, a past recipient.

Honoring the IAEA again would recognize its efforts to prevent a radioactive catastrophe at the Russian-occupied Zaporizhzhia atomic power plant at the heart of fighting in Ukraine, and its work in fighting nuclear proliferation, Smith said.

“This is really difficult period in world history and there is not a lot of peace being made,” he said.

Promoting peace isn’t always rewarded with a Nobel. India’s Mohandas Gandhi, a prominent symbol of non-violence in the 20th century, was never so honored.

But former President Barack Obama was in 2009, sparking criticism from those who said he had not been president long enough to have an impact worthy of the Nobel.

In some cases, the winners have not lived out the values enshrined in the peace prize.

Just this week the Vatican acknowledged imposing disciplinary sanctions on Nobel Peace Prize-winning Bishop Carlos Ximenes Belo following allegations he sexually abused boys in East Timor in the 1990s.


Ethiopian Prime Minister Abiy Ahmed won in 2019 for making peace with neighboring Eritrea. A year later a largely ethnic conflict erupted in the country’s Tigray region. Some accuse Abiy of stoking the tensions, which have resulted in widespread atrocities. Critics have called for his Nobel to be revoked and the Nobel committee has issued a rare admonition to him.

The Myanmar activist Aung San Suu Kyi won the peace prize in 1991 while being under house arrest for her opposition to military rule. Decades later, she was seen as failing in a leadership role to stop atrocities committed by the military against the country’s mostly Muslim Rohingya minority.


The Nobel committee has sometimes not awarded a peace prize at all. It paused them during World War I, except to honor the International Committee of the Red Cross in 1917. It didn’t hand out any from 1939 to 1943 due to World War II. In 1948, the year Gandhi died, the Norwegian Nobel Committee made no award, citing a lack of a suitable living candidate.

The peace prize also does not always confer protection.

Last year journalists Maria Ressa of the Philippines and Dmitry Muratov of Russia were awarded “for their courageous fight for freedom of expression” in the face of authoritarian governments.

Following the invasion of Ukraine, the Kremlin has cracked down even harder on independent media, including Muratov’s Novaya Gazeta, Russia’s most renowned independent newspaper. Muratov himself was attacked on a Russian train by an assailant who poured red paint over him, injuring his eyes.

The Philippines government this year ordered the shutdown of Ressa’s news organization, Rappler.

The literature prize, meanwhile, has been notoriously unpredictable.

Few had bet on last year’s winner, Zanzibar-born, U.K.-based writer Abdulrazak Gurnah, whose books explore the personal and societal impacts of colonialism and migration.

Gurnah was only the sixth Nobel literature laureate born in Africa, and the prize has long faced criticism that it is too focused on European and North American writers. It is also male-dominated, with just 16 women among its 118 laureates.

The list of possible winners includes literary giants from around the world: Kenyan writer Ngugi Wa Thiong’o, Japan’s Haruki Murakami, Norway’s Jon Fosse, Antigua-born Jamaica Kincaid and France’s Annie Ernaux.

A clear contender is Salman Rushdie, the India-born writer and free-speech advocate who spent years in hiding after Iran’s clerical rulers called for his death over his 1988 novel “The Satanic Verses.” Rushdie, 75, was stabbed and seriously injured at a festival in New York state on Aug. 12.

The prizes to Gurnah in 2021 and U.S. poet Louise Glück in 2020 have helped the literature prize move on from years of controversy and scandal.

In 2018, the award was postponed after sex abuse allegations rocked the Swedish Academy, which names the Nobel literature committee, and sparked an exodus of members. The academy revamped itself but faced more criticism for giving the 2019 literature award to Austria’s Peter Handke, who has been called an apologist for Serbian war crimes.

Some scientists hope the award for physiology or medicine honors colleagues instrumental in the development of the mRNA technology that went into COVID-19 vaccines, which saved millions of lives across the world.

“When we think of Nobel prizes, we think of things that are paradigm shifting, and in a way I see mRNA vaccines and their success with COVID-19 as a turning point for us,” said Deborah Fuller, a microbiology professor at the University of Washington.

The Nobel Prize announcements this year kick off Monday with the prize in physiology or medicine, followed by physics on Tuesday, chemistry on Wednesday and literature Thursday. The 2022 Nobel Peace Prize will be announced on Oct. 7 and the economics award on Oct. 10.

The prizes carry a cash award of 10 million Swedish kronor ($880,000) and will be handed out on Dec. 10.

Source: Voice of America

Hurricane Ian Dumped 10% More Rain Due to Climate Change: Research

Climate change increased the rainfall from Hurricane Ian by more than 10 percent, according to a new quick-fire analysis, as one of the most powerful storms ever to hit the United States devastated parts of Florida.

Ian “could be the deadliest hurricane in Florida history,” President Joe Biden said after the storm brought ferocious winds, turned streets into churning rivers that swept away homes and left an unknown number of casualties.

According to a rapid and preliminary analysis, human-caused climate change increased the extreme rain that Ian unleashed by over 10 percent, U.S. scientists said.


“Climate change didn’t cause the storm but it did cause it to be wetter,” said Lawrence Berkeley National Laboratory’s Michael Wehner, one of the scientists behind the new finding.

The researchers compared simulations of today’s world — which has warmed nearly 1.2 degrees Celsius since pre-industrial times — with counterfactual simulations of a world without human-induced climate change.

Wehner said these were “conservative estimates,” adding that while they are not peer reviewed, they are based on methods used in a study on the 2020 Atlantic hurricane season, which was published in April in the journal Nature Communication.

Climate change from emissions of planet-heating greenhouse gases is warming the ocean’s surface and increasing moisture in the atmosphere that fuels hurricanes.


Although the total number of tropical storms, or cyclones, may not increase, scientists say warming is whipping up more powerful cyclones with stronger winds and more precipitation.

“Human-caused climate change is affecting hurricanes in many ways including causing them to intensify faster, be stronger overall, and dump a lot more rain,” tweeted climate scientist Katharine Hayhoe, who was not involved in the research.

For each degree Celsius of warming, scientists expect the water in the atmosphere to increase by around seven percent.

But Wehner said that his research found that storms are “more efficient” at turning the available moisture into rainfall.

Ian swept across Cuba Tuesday, downing the country’s power network, before slamming into the Florida coast Wednesday as a strong Category 4 hurricane.

The National Hurricane Center said Thursday the then-Category 1 storm was expected to bring “life-threatening flooding, storm surge and strong winds” to the Carolinas.

Source: Voice of America

Guide Sensmart présente sa dernière innovation, la caméra thermique à clip, au salon ADIHEX 2022

WUHAN, Chine, 1er octobre 2022/PRNewswire/ — ADIHX, le plus grand salon de la chasse, de l’équitation et de la préservation du patrimoine au Moyen-Orient et en Afrique, bat son plein au Centre national des expositions d’Abou Dabi. Guide Sensmart, le principal fabricant de caméras thermiques, marque son apparition dans le Hall 11 en tant qu’excellent producteur de caméras thermiques hautes performances.

Guide Sensmart Booth in Hall 11

À l’occasion de la 19e édition de l’événement, Guide Sensmart présente sa gamme de produits aux amateurs de chasse. Il s’agit des monoculaires d’imagerie thermique Guide TK Gen2 et TD, des jumelles d’imagerie thermique de la série TN, des lunettes thermiques TS et TU, et de la dernière innovation, l’accessoire à clip pour la caméra thermique de la série TA Gen2 Aquila. Les séries TK Gen2 et TD sont optimales pour répondre aux différents besoins des chasseurs, des explorateurs de la nature et des professionnels. La série TN est l’outil idéal pour les chasseurs, les observateurs de la faune et les professionnels de la recherche et du sauvetage. Les lunettes TS et le TU sont indispensables pour un chasseur qui recherche l’efficacité et la précision ultimes. La nouvelle série TA conviendra parfaitement aux chasseurs.

Guide TA Gen2 Aquila Series Thermal Imaging Clip-on Attachment

La fixation de la lunette thermique TA Gen2 transforme une optique de jour en un dispositif thermique complet. Elle offre des capacités de visée supérieures et une excellente acquisition de cible en utilisant les technologies d’imagerie à signature thermique pour aider les utilisateurs à acquérir et à localiser des cibles dans des conditions de faible luminosité ou de nuit. Ses détecteurs d’imagerie thermique améliorés de 17 μm et 12 µm avec des résolutions de 400 x 300 et 640 x 480 pixels respectivement fournissent une image exceptionnellement nette et une excellente sensibilité thermique dans toutes les conditions difficiles. Les doubles algorithmes, le TDE-Tech et le PureIR, augmentent la clarté de l’imagerie et le détail global de l’image, apportant un champ de vision plus net et plus détaillé, ainsi que de meilleures capacités d’identification des objets. La batterie standard 18650 assure une puissance suffisante pour 7 heures de fonctionnement, et le remplacement simple et rapide de la batterie permet une observation continue sans interruption. Les trois modes de scène et les six palettes de couleurs permettent aux utilisateurs d’observer leur champ de vision plus efficacement et d’adapter l’appareil aux situations d’observation changeantes.

Hormis l’ADIHX, la Coupe du Monde de la FIFA 2022 devrait débuter au Qatar en novembre. Attendons avec impatience ce tournoi.

À propos de Guide Sensmart

Guide Sensmart est une filiale de Guide Infrared (SZ.002414), le leader mondial des systèmes d’imagerie thermique infrarouge avec plus de 20 ans d’expérience dans l’industrie infrarouge et une capacité de production de masse. Pour en savoir plus, visitez le site  https://www.guideir.com/ .

Photo –  https://mma.prnewswire.com/media/1910782/1.jpg

Photo –  https://mma.prnewswire.com/media/1910783/2.jpg 

UN Calls for End to Discrimination Against Elderly

The United Nations is calling for an end to discrimination against older people and for recognition of their contributions to society, as it marks the International Day of Older Persons Saturday.

With 1.4 billion people estimated to have reached at least 60 years old by 2030, U.N. officials say that is too many people to ignore and dismiss as inconsequential, especially as older people still make many significant contributions.

At 73, U.N. Secretary-General Antonio Guterres demonstrates that. In celebration of the day, he commended the accomplishments of older people, whom he called a valuable source of knowledge and experience.

He also praised the resilience of the more than 1 billion older people in facing adversity in a rapidly changing world.

“The past years have witnessed dramatic upheavals and older people often found themselves at the epicenter of crises,” Guterres said. “They are particularly vulnerable to a range of challenges, including the COVID-19 pandemic, the worsening climate crisis, proliferating conflicts, and growing poverty. Yet in the face of these threats, older people have inspired us with their remarkable resilience.”

The World Health Organization says longer life brings opportunities to pursue new activities, such as further education or a new career, depending on a person’s health.

WHO Director-General Tedros Adhanom Ghebreyesus called it important for countries to work together to foster healthy aging — an effort that must include older people themselves.

“A collaboration to improve the lives of older people, their families, and their communities,” said Tedros. “In practice that means keeping alert for ageism and supporting older people by engaging them in the community, providing responsive health care, and quality long-term care for those who need it.”

The U.N. says it is important to challenge negative characterizations and misconceptions about the elderly. It calls for an end to age and gender discrimination and for communities to create opportunities for older people who live in them.

Source: Voice of America

Uganda Seeks Ebola Funding Amid Exposure of 65 Health Workers

The World Health Organization and Ugandan authorities are seeking nearly $18 million to help contain the Ebola outbreak in the country for the next three months. The initiative comes as Uganda registers the death of the first health worker in the current Ebola outbreak and brings the total number of confirmed cases to 35, with seven deaths.

The death of the first medical worker during the current outbreak was revealed by Dr. Jane Ruth Aceng, Uganda’s minister for health, as she spoke to the media after a high-level closed-door meeting organized by the WHO in Kampala

On Thursday, the ministry announced that six health workers had been confirmed to have the Ebola Sudan strain and two more were in critical condition.

The health worker who died, a Tanzanian national, was moved to an isolation facility at a hospital in the neighboring district of Fort Portal in the Mubende district, where he had handled the first Ebola case.

Because of what Aceng called some mistakes, more health workers have been exposed to Ebola.

“Today, we have 35 confirmed cases. And we have lost seven people, unfortunately. And one of them is a medical doctor,” Aceng said. “It is true that we have 65 health workers who have been exposed. Now all these 65 health workers are under quarantine.”

The current Ebola Sudan strain so far has affected four districts in Uganda, including Mubende, with the epicenter in Madudu sub county, Kyegwegwa, Kassanda and now the Kagadi district.

Aceng revealed the main commonality with the four affected districts.

“People from Madudu run to these districts because they thought there was witchcraft in Madudu,” she said. “And they were running away either to find a safe haven or to reach out to relatives to help them … treat what to them was a strange disease that they did not understand. However, with the various interventions that we have had, the people of Madudu have now understood that it is Ebola and not witchcraft.”

Regardless of what course the spread of the Ebola Sudan strain will take, there is still no vaccine. Health officials in Uganda, including those from the WHO, are mobilizing and seeking the funds to control the outbreak.

Dr. Yonas Tegegn Woldermariam, the WHO representative to Uganda, said he is worried the money being sought might not cover all costs.

“If we go into the preparedness, we are talking, even for the three months, three times or four times that amount,” he said. “Plus, there are things which we take for granted, assuming the system will provide them. Those are additional costs like transportation, like fuel, like human resources, which we have to consider to also fund as we go ahead.”

The Sudan Ebola virus is less common than the Zaire Ebola virus, and there is currently no effective vaccine. The Sudan Ebola virus was first reported in southern Sudan in 1976. Although several outbreaks have been reported since then in both Uganda and Sudan, the deadliest outbreak in Uganda was in 2000, claiming more than 200 lives.

Uganda’s last Ebola outbreak, in 2019, was confirmed to be the Zaire ebolavirus. It last reported a Sudan ebolavirus outbreak in 2012.

Source: Voice of America