Tanzania and the East African Community (EAC) at the centre of regional transmission expansion: Tanzania Energy Cooperation Summit 2024

Confirmed as one of the most stable and important investment destinations on the continent, Tanzania prepares to host the fifth annual Tanzania Energy Cooperation Summit (TECS) from 31 January to 1 February 2024 in Arusha, home of the East African Community (EAC).

LONDON, UK – EQS Newswire – 5 December 2023 – Investors from across industry, finance and government are convening to showcase Tanzania’s potential. Potential that is epitomised by a country now ranked third in sub-Saharan Africa for future investment, that is expected to see 6% GDP growth by 2025, and that has seen hundreds of millions, if not billions, of dollars of investment, targeted towards infrastructure, hydropower, LNG and solar projects in recent years.

Ranked by KPMG behind only South Africa and Nigeria, Tanzania has confirmed its status when it comes to trade and investment.

The nation was cited for its strategic location to the east of the continent, its abundance of natural resources, and its recent investment spike, especially in the power sector. A first on-grid 50MW solar power plant, a $300 million investment into hydropower, a $42 billion LNG project formed by Shell, Equinor and Exxon Mobil, and almost $7 billion injected into infrastructure, confirms its attractiveness both in Africa, and globally.

Organised by EnergyNet, TECS24 will not only highlight these success stories but look at future trade and generation projects poised to transform the country and region further. Challenges around financing and guarantees will also be brought to the fore, to ensure that momentum isn’t lost and that the country’s power sector continues to go from strength to strength.

Alongside major investors, stakeholders attending include national ministers from Tanzania, Malawi and Ethiopia, as well as heads of national utilities, including Tanzania’s Managing Director of TANESCO, Gissima Nyamo-Hanga. Speakers from Electricidade de Moçambique (EDM) and Zambia’s ZESCO will also be present. They, alongside representatives from the public and private sectors, DFIs – including AfDB, BII, World Bank Group and ATIDI – and multilaterals, will descend on Arusha for an intimate, high-level business retreat like no other.

With an emphasis on Tanzania’s’ position as a regional energy enabler, topics being brought to the table include Tanzania’s economic outlook and energy development potential, as well as plotting the best way to build a regional power market. Public-private partnerships in transmission projects will also be on the agenda, in addition to DFIs, governance and regulations, and the vital role of renewables. Attendees will be invited to offer ideas around building better regional interconnection, more robust frameworks for trade and investment, and ultimately to form a roadmap for regional energy access moving forward.

“Tanzania’s positioning on the continent has made it pivotal to trade. With connections between south and east and also to the rest of the world, the country has always had the potential to be a trailblazer for industrial growth – and now we’re seeing how this potential will be realised. It’s therefore hugely exciting to showcase Tanzania’s growth and to make sure the opportunity and momentum continues.” said Simon Gosling, Managing Director, EnergyNet.

He continued, “We’re also delighted to be hosting the summit in Arusha, giving everyone the time and space to deep-dive into the sector’s most pressing topics.”

“With Tanzania being one of our founding member countries, we are keen to do more in support of the country’s energy sector goals. Building on the progress made at last year’s event in Dar es Salaam, we hope that TECS24 will provide greater clarity on the proposed role of the private sector in the energy sector and how DFIs – particularly multilateral insurers and guarantors like ATIDI – can be supportive of such efforts and the wider energy transition,” commented Obbie Banda, Underwriter & Acting RLSF Coordinator at the African Trade & Investment Development Insurance (ATIDI).

Aleem Tharani, Co-Head for Infrastructure Sector Group (Africa), Bowmans and Head of Projects, Energy & Infrastructure (Africa), concluded: “The 5th Tanzania Energy Cooperation Summit marks a pivotal moment for Africa’s energy sector. By uniting investors, government entities and industry specialists, we’re fostering dialogues crucial for advancing Tanzania’s energy roadmap, prioritising gas and renewables, and enhancing regional transmission. Bowmans is proud to sponsor this summit, recognising its significance in shaping Africa’s energy future and strengthening public-private partnerships.”

See the agenda and speaker line-up here https://www.Tanzania-ECS.com/

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About EnergyNet

FACILITATING ENERGY INVESTMENT IN FAST-GROWING ECONOMIES – EnergyNet has produced investment forums and executive dialogues for Africa and Latin America’s power sectors for the last 25 years – in Europe, the USA, Asia and across Africa and Latin America.

We work with governments and national utilities to facilitate investment summits where credible international investors can build relationships with public sector stakeholders to advance access to power.

Best known for the Africa Energy Forum, the longest-serving business development meeting place for senior-level decision makers in Africa’s power sector, other leading investment summits we provide strategic perspectives on the investment landscape and project preparation include the Tanzania Energy Cooperation Summit, H2 Africa, Offshore Technology Africa, Powering Africa Summit, Latin American Energy Forum and Latin American & Caribbean Gas Conference and Exhibition. YES! Youth Energy Summit and YES! Youth Energy Day are part of the portfolio, with a focus on creating a platform and network to boost the skills, connections and business readiness of a new generation of African energy leaders

Having this focus on public and private sector partnerships provides us with a valuable lens through which we can offer independent perspectives and support the business development activities of companies from around the world operating in these fast-growing markets. Our team talks daily with stakeholders across Africa, Latin America and the Caribbean to support these insights, so relationships and investor insights are our business and our passion.

Headquarters: London, UK

For further information, please visit our website


Zoom named a Leader in the 2023 Gartner® Magic Quadrant™ for UCaaS, Worldwide

Zoom Celebrates its Fourth Consecutive Time in the Leaders Quadrant

SAN JOSE, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM), today announced that analyst firm Gartner has named Zoom a Leader in the 2023 Gartner® Magic Quadrant™ for Unified Communications as a Service (UCaaS), Worldwide for the fourth time in a row. The UCaaS report evaluated 11 companies in the unified communications space, and Zoom has been recognized as a Leader in this space for its UCaaS offerings. Zoom includes enterprise-grade solutions like Zoom Team Chat, Zoom Phone, Zoom Meetings, Zoom Contact Center, and Zoom AI Companion.

“We are excited to be named a Leader in the Gartner Magic Quadrant for UCaaS for the fourth consecutive year which we feel is a result of our ongoing commitment to offer an exceptional UCaaS experience,” said Graeme Geddes, Chief Growth Officer at Zoom. “As we continue to innovate and evolve our platform, we remain true to solving real customer problems and delivering limitless human connection.”

To read a complimentary copy of the 2023 Gartner Magic Quadrant for UCaaS report, please click here.

Gartner, Magic Quadrant for Unified Communications as a Service, Worldwide, Rafael Benitez, Megan Fernandez, Christopher Trueman, Pankil Sheth, 28 November 2023.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved

About Zoom
Zoom is an all-in-one intelligent collaboration platform that makes connecting easier, more immersive, and more dynamic for businesses and individuals. Zoom technology puts people at the center, enabling meaningful connections, facilitating modern collaboration, and driving human innovation through solutions like team chat, phone, meetings, omnichannel cloud contact center, smart recordings, whiteboard, and more, in one offering. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more info at zoom.com.

Public Relations
Bridget Moriarty
Corporate PR Manager

GlobeNewswire Distribution ID 8990024

Curia Recognized on India Pharma Outlook’s 2023 List of Top 10 CDMO Companies in India

ALBANY, N.Y., Dec. 05, 2023 (GLOBE NEWSWIRE) — Curia, a leading contract research, development and manufacturing organization, today announced it has been recognized as one of the top 10 CDMOs in India by India Pharma Outlook. The full list can be viewed in the November 2023 edition of the India Pharma Outlook magazine.

This recognition acknowledges the contributions of Curia’s Aurangabad and Hyderabad sites. The Aurangabad facility provides contract manufacturing of active pharmaceutical ingredients (APIs) and intermediates, and the Hyderabad site includes the Hyderabad Research Center with expertise in medicinal chemistry and chemical and analytical development. These sites also house Curia’s quality control center and Global Shared Services (GSS) center, which support the company’s global organization, enabling process standardization and scalability.

Curia’s focus on continuous improvement for its comprehensive suite of services and investments in innovative technologies position the company as a strong partner to pharmaceutical and biotechnology companies across the drug research, development and manufacturing continuum. The report also highlights Curia’s commitment to being an employer of choice, providing employees with a workplace culture rich in opportunities for professional development and recognition.

“This achievement is a testament to the talent and hard work from our Aurangabad and Hyderabad facilities, and it is a well-deserved honor for the team,” said Philip Macnabb, CEO, Curia. “Our India sites relentlessly pursue excellence and are vital to our goal of improving patients’ lives.”

India Pharma Outlook’s editorial board compiled the list with a panel of judges with expertise in the industry, including CXOs and analysts. Winners were chosen for their impact on India’s economy through job creation, fostering research and development and for their high-quality offerings in the pharmaceutical and biotechnology industry.

About Curia
Curia is a leading contract research, development, and manufacturing organization providing products and services from R&D through commercial manufacturing to pharmaceutical and biopharmaceutical customers. Curia’s nearly 4,000 employees at 27 locations across the U.S., Europe, and Asia help its customers advance from curiosity to cure. Learn more at CuriaGlobal.com.

Curia Contact Information:
Viana Bhagan
+1 518 512 2111

A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/faac19ea-f26f-4811-946f-e03d10480984

GlobeNewswire Distribution ID 8989258

Duck Creek Technologies Unveils the Next Generation of Data Management and Analytics with the Launch of Duck Creek Clarity™

The company’s newest product introduction will transform the future of data-driven excellence for the insurance industry

BOSTON, Dec. 05, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces the release of Duck Creek ClarityTM, an innovative, cloud-native technology solution and the successor to Duck Creek Insights, designed to empower insurers with advanced data management, reporting, and analytics capabilities. With the introduction of Duck Creek Clarity, the company also modernizes the traditional technology upgrade cycle through a unique “Active Delivery” approach, which provides continuous updates and eliminates the need for insurers to undergo timely and costly upgrade projects.

Duck Creek Clarity is a cloud-native offering that simplifies the process of accessing, managing, and unifying data originating from Duck Creek’s SaaS-based (software-as-a-service) core systems, including policybilling, and claims solutions. With the ability to seamlessly integrate external data sources, Duck Creek Clarity enables teams to gain comprehensive insights, leading to enhanced decision-making and improved loss ratios. Insurers can harness this powerful service for both daily operational reporting and strategic long-term planning, setting the stage for portfolio-wide improvements.

Duck Creek Clarity leverages the Snowflake Data Cloud to equip insurers with curated data layers and a suite of pre-built business intelligence dashboards and reports, facilitating more informed underwriting and renewal decisions, as well as team performance evaluation. This new offering also simplifies data integration into AI/ML (artificial intelligence/machine learning) models, consumer and agent/broker applications, and third-party systems, empowering insurers to make well-informed decisions at every stage of the insurance lifecycle, from underwriting to billing and claims.

“We are ushering in a new era of data-driven excellence with the launch of Duck Creek Clarity,” said Jess Keeney, Chief Product & Technology Officer, Duck Creek Technologies. “Duck Creek has proven the solution’s robust capabilities are an essential element that supports data ownership and agile decision-making, which offers insurers a greater competitive edge in the marketplace. This is only the beginning of Duck Creek’s commitment to ongoing investment in data and analytics that enable insurers across the globe to be smarter and faster in their response to market opportunities. Duck Creek Clarity is a pivotal step in our technology roadmap vision to provide insurers with the means to ‘execute with intelligence,’ optimize operational efficiencies, and provide more personalized customer experiences.”

“Data is a critical building block for insurance companies looking to unlock the true power and efficacy of advanced analytics and generative AI,” said Tom Benton, Partner at ReSource Pro (formerly known as Strategy Meets Action). “Insurers need data management and analytics tools like Duck Creek Clarity that can break down data silos and provide a path toward rapidly accelerating their level of data maturity, and ultimately help insurance product management, underwriting, and claims teams make smarter decisions and deliver more differentiated customer experiences.”

Join the Duck Creek Technologies live product launch webinar on Thursday, December 7, 2023, at 12:00 p.m. ET to learn more about empowering data-driven insurance decisions with Duck Creek Clarity.

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.

Media Contacts:

Carley Bunch

GlobeNewswire Distribution ID 8989593

SAABSOFT Unveils Latest Property Listing Update in Bitrix24 CRM

Powering Over 400 Top UAE Real Estate Firms

SAABSOFT Unveils Latest Property Listing Update in Bitrix24 CRM

DUBAI, United Arab Emirates, Dec. 05, 2023 (GLOBE NEWSWIRE) — In a significant move to redefine real estate CRM solutionsSAABSOFT, recognized as the official Bitrix24 partner in the UAE and across the Middle East, has enthusiastically unveiled its newest update for the Property Listing module within Bitrix24 CRM. This major enhancement, already adopted by over 400 leading real estate companies in the UAE, reinforces SAABSOFT’s role as a key influencer in the technological landscape of the region’s real estate industry.

Revolutionizing Real Estate CRM with Advanced Features

The new version of SAABSOFT’s Property Listing in Bitrix24 CRM is equipped with several key enhancements that cater to the specific demands of the real estate sector:

  1. Advanced Search Filters: The introduction of advanced search filters allows users to navigate through listings with unprecedented ease and precision, ensuring that the right properties are matched with the right clients.
  2. Multiple Account Management in Listing Portals: Addressing the need for expansive outreach, the update enables real estate professionals to manage multiple accounts across various listing portals from a single, centralized platform.
  3. Automated Media Upload and Watermarking: A streamlined media upload feature now automatically adds watermarks to images, enhancing brand presence and protecting intellectual property with minimal effort.
  4. Workflow Approval for Listing Publication: Ensuring quality and compliance, the new workflow approval process facilitates the review and authorization of listings before they are published on portals.
  5. Seamless Portal Leads Integration: The update seamlessly integrates leads from various portals directly into Bitrix24 CRM, enabling efficient tracking and management of potential client interactions.
  6. Enhanced Lead and Listing Matching: Perhaps the most ground-breaking feature is the sophisticated system that matches leads with the most suitable listings, optimizing the chances of successful transactions.

A Vision for the Future: A Statement from the Managing Director

In a statement, the Managing Director of SAABSOFT highlighted the impact of the update, “As the official Bitrix24 partner in the Middle East, we understand the dynamic needs of the real estate sector. This update reflects our commitment to providing top-notch solutions that cater specifically to the complexities and demands of the industry. By empowering over 400 leading real estate firms in the UAE with our enhanced module, we are setting a new standard in real estate CRM efficiency and innovation. The integration of leads and the sophisticated matching system are game-changers, promising to enhance the way real estate professionals connect with clients and manage their portfolios.”

Impact on the Real Estate Industry

This update is expected to have a substantial impact on the real estate sector. By simplifying and streamlining various aspects of property management and client interaction, SAABSOFT’s new Property Listing feature is set to empower real estate companies with tools that can significantly enhance productivity and client satisfaction. Real estate professionals can now enjoy a more intuitive, efficient, and effective CRM experience, enabling them to focus more on client relations and less on administrative tasks.


Founded in 2018 and based in Dubai, UAE, Saabsoft is a premier software company with a legacy of over 20 years of technology expertise. As a key player in digital transformation, software development, business automation, digital marketing, and research and data analysis, Saabsoft stands at the forefront of technological innovation. As the authorized Bitrix24 partner in Dubai, serving the MENA region, Saabsoft’s expertise in Bitrix24 dates back to 2016. The company excels in implementation, configuration, customization, and training, assisting numerous enterprises across various industries in automating their business processes with Bitrix24 Ecosystem.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a05613e2-cc7c-46bf-88ef-c454383f2ab4

Media Contact:

Baher Shokry
Business Development Manager
+971 50 4871465

GlobeNewswire Distribution ID 1000902707

STX Group Launches Working Capital Solution to Accelerate Renewable Energy Transition

New SPV introduces innovative way to provide funding to environmental commodities markets

Amsterdam, Dec. 05, 2023 (GLOBE NEWSWIRE) — AMSTERDAM (December 5, 2023) – STX Group, a leading environmental markets and climate solutions firm, today announces the launch of a working capital solution, specifically designed for environmental certificates. The launch comes as a response to the increased requirements for companies to hold environmental certificates to meet their ESG targets. Traditional financing methods often fall short in providing the necessary funding. STX Group has established an independent Special Purpose Vehicle (SPV) offering companies the necessary working capital funding for their environmental certificates.

The new service provides STX Group’s customers and counterparties with financial flexibility to manage the energy transition.

The newly launched SPV solution differs from traditional financing through the wide range of liquid and less liquid certificates that can be financed as well as offering higher advance rates. The SPV takes temporary ownership of the environmental commodities which may allow for balance sheet friendly treatment of the financing. The SPV is an attractive platform for lenders to gain access to one of the fastest growing parts of the credit universe. Through its extensive client base, STX Group has unrivaled access to counterparties looking to finance their environmental certificate holdings. This allows lenders to add collateralized credit exposure to highly rated counterparties to their portfolio.

The introduction of the SPV follows a sequence of new financial solutions and services introduced by STX Group earlier this year, placing the company at the forefront of incumbent financial markets where environmental commodities play an emerging role. This momentum is underscored by recent additions to STX Group’s portfolio, including the April 2023 launch of the borrowing base facility where a broad base of environmental commodities was for the first time recognizes as collateral by global banks, and the unveiling of the STX Group carbon fund in October 2023. Both demonstrate the growing importance of environmental commodities as pivotal financial instruments.

“The launch of this new solution provides immense opportunities for our customers and counterparties as they increase their activities in environmental commodities markets. We are delighted to work with them by providing them with more efficient and secure market access,” said Bart Wesselink, Chief Financial and Risk Officer of STX Group.

The SPV is independently managed by Vistra, one of the leading fund administrator and corporate service providers. Vistra is regulated by Dutch Central Bank DNB.

About STX Group

STX Group is a leading global environmental commodity trader and climate solutions provider. For over 15 years, the company has been at the forefront of the global transition towards a low-carbon economy. By leveraging its expertise in accurately pricing pollution and emissions, it has helped to cultivate trust in market-based solutions to the decarbonization of the economy.

With its trading and Corporate Climate Solutions offerings, STX Group ensures that money flows to hundreds and thousands of projects that make the world a greener place, while providing corporations with the certified proof-points of their contributions to environmental progress.

After acquiring Vertis and its subsidiary Strive in December 2021, the STX Group now boasts a diverse team of nearly 500 employees from over 50 countries. Headquartered in Amsterdam, the Netherlands, STX Group has 13 offices around the world and an annual trading volume of over EUR 4 billion.

For more information, please visit https://stxgroup.com/

Note to editors – not for publication

Media contact
Jaime Santisteban

+33 6 80 80 99 98


Jaime Santisteban
STX Group
+33 6 80 80 99 98 

GlobeNewswire Distribution ID 8989794