Daily Archives: August 22, 2022

West Africa LNG Group Secures Bridge Financing for LNG Import Terminal in Guinea

WESTLAKE VILLAGE, Calif., Aug. 22, 2022 /PRNewswire/ — West Africa LNG Group (WALNG) announced today that it closed on an equity financing round with a US-based investor group.

“We are delighted to complete this investment which provides us with the necessary financial resources to fund our operating activities as we finalize long-term offtake agreements with the mining companies in Guinea,” said former Ambassador Patricia Moller, Chair of WALNG. “This financing also gives us greater flexibility as we negotiate with potential strategic and financial partners who have expressed strong interest in participating in the transformative Guinea LNG project,” added Mrs. Moller.

Home to some of the world’s most abundant natural resources and highest quality minerals, Guinea has long suffered from a severe lack of energy to develop its economy and improve the lives of its people. In response to the Guinean Government’s request for a competitively priced, abundantly available, and environmentally sustainable fuel source, WALNG is developing a liquefied natural gas (LNG) import terminal and distribution network in Guinea. The company is currently in active discussions with several strategic and financial investors as well as potential offtake customers.

The Guinea LNG project will supply commercial quantities of natural gas to bauxite mining companies in the Boké, Bel-Air, and Boffa regions to generate power for existing operations and planned bauxite processing facilities (alumina refineries) which will substantially increase Guinea’s beneficiation from its valuable natural resources.

A comprehensive feasibility study funded by the United States Trade and Development Agency (USTDA) has been completed. The study identified over 2,000 MW of power demand from the bauxite industry alone within a 100-mile radius of the terminal location.

WALNG is a natural gas-based fuels products and services company specializing in customized turnkey solutions for its customers. For more information, please visit our website at www.wa-lng.com.

Kasisto Raises Additional $15.5 Million From FIS and Westpac in Oversubscribed Series C Round

This funding will grow Kasisto’s global AI innovation partnerships and accelerate expansion in the US community banking market NEW YORK, August 22, 2022 /PRNewswire/ — Kasisto , creators of KAI ,  the leading digital experience platform for the financial services industry, today announced a $15.5 million Series C extension, led in the United States by […] read more

Hisense’s Smart Washing Machine and Soundbar Named Products of the Year in South Africa

CAPE TOWN, South Africa, Aug. 22, 2022 /PRNewswire/ — On August 16th, Product of the Year South Africa announced the 2022 winner in innovation from 19 categories. Two Hisense products, the Hisense Smart Front Loader Washing Machine and the Hisense U5120G 5.1.2CH Soundbar were respectively named winners of the kitchen appliances category and entertainment system category. Product of the […] read more

In Collaboration with Mama’s Alliance, Hisense Continues to Support Local Child Education in South Africa

CAPE TOWN, South Africa, Aug. 22, 2022 /PRNewswire/ — On August 2, world-renowned electronics manufacturer Hisense donated mobile devices to Elkana Childcare, in collaboration with Mama’s Alliance, a South African non-profit childcare organisation network, and online education platform PalFish which provided over 100 PalFish Software/Application codes.    Elkana Childcare is an organisation dedicated to transforming […] read more

CBI Index 2022 offers a glimpse into the future of the citizenship by investment industry – CS Global Partners

London, Aug. 22, 2022 (GLOBE NEWSWIRE) — The world’s most definitive guide on citizenship by investment, the CBI Index, was published today by PWM Magazine, a publication from the Financial Times in collaboration with CS Global Partners and offers readers a view of an industry in metamorphosis. Released amid a year that has, again, been marked by heightened uncertainty, […] read more

Cellebrite Introduces Streamlined Collection & Review to Investigative Analytics Workflow

Integrating the Collection & Review and Investigative Analytics functions resolves cases faster and accelerates time to justice PETAH TIKVA, Israel and TYSONS CORNER, Va., Aug. 22, 2022 (GLOBE NEWSWIRE) — Cellebrite DI Ltd. (NASDAQ: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced the launch of an automated and secure […] read more

West Africa LNG Group Obtient un Crédit Relais pour le Terminal d’Importation de GNL en Guinée 

WESTLAKE VILLAGE, Californie , 22 août 2022 /PRNewswire/ — West Africa LNG Group (WALNG) a annoncé aujourd’hui la conclusion d’un tour de financement par actions avec un groupe d’investisseurs basé aux États-Unis. “Nous sommes ravis de réaliser cet investissement qui nous fournit les ressources financières nécessaires pour financer nos activités opérationnelles alors que nous finalisons […] read more

Chinese Ophthalmologists Provide Assistance To African Peers

– Academic and cultural exchange through the Belt and Road Initiative training course for African ophthalmologists SHENYANG, China, Aug. 22, 2022 /PRNewswire/ — Hosted by the Ministry of Commerce of the People’s Republic of China and co-organized by Shenyang Normal University and He Eye Hospital Group, the one-month training course for ophthalmologists from Belt and Road […] read more