Finance & economy

March 12, 2020

1

Best’s Market Segment Report: Lebanese Insurance Market Faces Mounting Uncertainty

Lebanon has a long history of economic and political instability. In the past, local insurers have been successful at navigating this challenging environment. However, recent civil unrest and a ballooning public debt have increased the level of economic uncertainty, which is negatively impacting the credit quality of Lebanon’s insurance market.

In a new Best’s Special Report, “Lebanese Insurance Market Faces Mounting Uncertainty”,"...

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March 12, 2020

2

The LEGO Group and Nintendo partner to take legendary brick-building to a new level

The LEGO Group announced a partnership with Nintendo that will change the way people interact with Super Mario in the physical world and engage in LEGO® experiences.

Both companies share a passion for innovation and play and their collaboration has led to a reimagination of the LEGO building experience, enabling an entirely new way to play inspired by the beloved video game icon, Super Mario.

Neither"...

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March 12, 2020

3

U.S. FDA grants Fast Track designation to empagliflozin for the treatment of chronic kidney disease

The U.S. Food and Drug Administration (FDA) has granted Fast Track designation for the investigation of empagliflozin to reduce the risk of kidney disease progression and cardiovascular death in adults with chronic kidney disease, Boehringer Ingelheim and Eli Lilly and Company (NYSE: LLY) announced. The designation was granted for the clinical investigation of empagliflozin in adults with chronic kidney disease. This Fast Track designation for empagliflozin underscores the urgent need for new treatment options for people"...

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March 12, 2020

4

Meeting on economic situation: New measures by PresidetnTebboune to curb effects of national economy’s unfavorable situation

ALGIERS – President of the Republic Abdelmadjid Tebboune, chaired Tuesday, in the headquarters of the Presidency of the Republic, a working meeting on the assessment of the economic situation, in the aftermath of the drastic fall in oil prices, said a communiqué from the services of the Presidency.

Here is its full text:

“President of the Republic Abdelmadjid"...

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March 12, 2020

5

VDX.tv, A New Business Division of Exponential Interactive, Is Expanding Into the United Arab Emirates

Digital advertising leader Exponential Interactive announced this week that it is rolling out its new, video-driven business division, VDX.tv, in all global markets. VDX.tv allows brands to serve tailormade video-driven experiences across screens, including connected TV (CTV) and Over the Top (OTT). This announcement is on the heels of a"...

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March 12, 2020

6

Global Plant-Based Food Company, the LIVEKINDLY co., Launches a $200-Million Investment Supporting the Brand Portfolio of LIVEKINDLY, Fry’s Family Food, and LikeMeat

The LIVEKINDLY co. is leading a movement to build a sustainable future, today, fueled by a $200-million founders’ funding round led by founders, entrepreneurs, and global leaders. Establishing a collective of heritage and start-up brands, the company is on track to become one of the world’s largest plant-based food companies.

Brands under the LIVEKINDLY co. portfolio offer consumers non-GMO, plant-based chicken alternatives and include:"...

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March 12, 2020

7

SNOWPLUS Successfully Raises Funding, Continues Global Expansion Efforts

SNOWPLUS has announced global investment results from 2019 through February 2020 amounting to approximately $125 million USD. The funding has come from investors in Asia, North America, Europe and the Middle East.

The company has confirmed funding from Hong Kong-based HK Rothsfortune Investment Management Limited among other investors as it further prepares for entry into global markets.

“We"...

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March 12, 2020

8

GetSwift Secures Funding up to US$45 Million from U.S. Alternative Investment Group

GetSwift Limited (ASX: GSW) (‘GetSwift’ or the ‘Company’), a leading provider of SaaS logistics technology, is pleased to announce that it has entered into a put option agreement (“Agreement“) with LDA Capital LLC (“LDA Capital“), a United States based private alternative investment group, which has agreed to provide the Company with up to US$45 million (“Commitment Amount”) in committed equity capital over the next 36 months. The Company will use this capital (as required) to continue to fuel growth and to hedge against developing global circumstances such as the Coronavirus. The capital will be accessed by the Company by exercising put options under the Agreement at the Company’s election with an aggregate subscription amount of up to US$45 million which allows the Company to draw down funds during the 36-month term of the......

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March 11, 2020

9

Santam maintains solid performance in low growth environment, report

Santam, South Africa’s largest short-term insurer has reported solid operational results for 2019, notching a 7% Gross Written Premium (GWP) growth and 7.7% underwriting margin (2018: 9.2%) for the conventional insurance business, despite the country’s low economic growth and a year-on-year increase in catastrophes and crop damage.

Lizé Lambrechts, the Santam Group CEO, said: ''We are pleased with a solid set of results"...

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March 11, 2020

10

Village based advisors drive farm inputs distribution in Tanzania

Mama Mbwilo is a Hub Agro dealer located Sumbawanga Municipal in Rukwa Region, Tanzania. She started the business with a working capital of $2,202 and her business has grown up to almost $110,132 which helps her serve majority number of small holders in both rural and urban areas of Sumbawanga region.

Mama Mbwilo started the business of selling farm inputs to smallholders in agriculture season of 2015/2016 in urban area, but later in 2018 her shop"...

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