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The U.S. International Development Finance Corporation (DFC) announced it has committed a record $12 billion in investments for the fiscal year 2024, focusing on projects designed to improve living conditions and spur economic development across the developing world. The funds are aimed at expanding access to essential resources such as food, energy, healthcare, and infrastructure in regions spanning Africa, Latin America, the Indo-Pacific, and the Middle East. In 2024 alone, the DFC supported projects in 44 countries and now boasts a portfolio encompassing over 110 nations. This year’s new commitments are projected to benefit hundreds of thousands worldwide, financing 450,000…

Appian, a global player in process automation and orchestration, has announced the appointment of Americo Mazzotta as its new Vice President of EMEA Sales. Mr Mazzotta will oversee the company’s sales operations across Europe, the Middle East, and Africa (EMEA), with a mandate to drive business growth, strengthen customer relationships, and enhance the market reach of the Appian platform within the region. He will report directly to Appian’s Chief Revenue Officer, Mark Dorsey. In his new role, Mr Mazzotta is expected to lead strategic initiatives aimed at expanding Appian’s influence in the EMEA markets by aligning business objectives with the…

Vinted, Europe’s leading second-hand fashion marketplace, has announced the successful completion of a €340 million secondary share sale, boosting its valuation to €5 billion. The transaction, spearheaded by TPG (NASDAQ: TPG), a prominent global alternative asset manager, reinforces Vinted’s growth trajectory in the expanding second-hand market. This latest funding round diversifies Vinted’s investor base and acknowledges the contributions of its employees and early investors to the platform’s success. TPG’s Tech Adjacencies (TTAD) strategy, which provides flexible capital solutions to technology firms, led the investment. Notable participants in the funding included major investment funds such as Hedosophia, Baillie Gifford, Invus Opportunities,…

Loomis Sayles & Company, a prominent global investment manager with nearly $360 billion in assets under management as of 30 June 2024, has announced the appointment of Vince Verhoeven, CFA, as investment director for its Global Bond and Emerging Markets Debt teams. Based in Utrecht, Verhoeven will work closely with the investment directors located in Boston. In his new role, Verhoeven will be responsible for communicating the firm’s global fixed income and emerging markets debt capabilities to clients, investment consultants, and prospects throughout Europe. He will collaborate with the firm’s portfolio managers, including David Rolley, Lynda Schweitzer, and Scott Service…

Broadcom Inc., which recently completed its acquisition of VMware, will be hosting VMware Explore 2024 in Barcelona from 4-7 November at the Fira Gran Via. The event will offer attendees a comprehensive programme of breakout sessions, certification training, and hands-on labs, covering the latest technology and industry trends. One of the highlights of VMware Explore will be the general session keynote on Tuesday, 5 November, at 9:00 a.m. CET, when Broadcom’s President and CEO, Hock Tan, will deliver a speech titled “Shaping the Future of Cloud and AI Innovation.” The keynote will feature leading figures from Broadcom, VMware experts, and…

The Future Investment Initiative (FII) Institute has revealed the distinguished speakers and full programme for its highly anticipated FII8 conference, set to take place from 28 to 31 October 2024 at the King Abdulaziz International Conference Center in Riyadh. With an emphasis on fostering collaboration between governments and businesses, the event aims to tackle critical global issues spanning finance, energy, climate change, and artificial intelligence. FII8 will kick off with two dynamic pre-summits on 28 October, the New Africa Summit and the HERizon Summit. The New Africa Summit will focus on the continent’s evolving opportunities and risk landscape, covering sectors…

Smartkem, Inc. (NASDAQ: SMTK), a pioneering company in the field of display technology, has announced its participation in the upcoming TechBlick: The Future of Electronics Reshaped conference, scheduled for October 23rd and 24th, 2024. The event will take place at the Estrel Berlin Hotel and Convention Center, where Smartkem will exhibit its groundbreaking organic thin-film transistors (OTFTs), which have the potential to revolutionise the display industry. Visitors can find Smartkem at booth F01, where Senior Formulation Scientist Jordan Brannick will be available for one-on-one meetings throughout the duration of the exhibition. The conference promises to be a significant gathering for…

Arthur D. Little (ADL) has announced the promotion of nine new Partners across its global offices, reinforcing the firm’s commitment to nurturing internal talent and recognising exceptional expertise across key sectors. The promotions, spanning offices from Rome to Tokyo, highlight ADL’s dedication to its people and their professional growth while strengthening its offering to clients worldwide. The new Partners bring a wealth of experience in sectors ranging from telecoms and energy to digital strategy and transport. According to ADL, the promotions reflect the firm’s core values of developing talent and empowering experts who have demonstrated significant contributions to their respective…

Unity Trust Bank has appointed Joshua Meek as its new Chief Impact Officer (CIO), marking a significant step in the bank’s mission to deliver social and environmental benefits alongside financial returns. This appointment comes as part of Unity’s ongoing commitment to responsible banking and sustainable development. Meek, who previously held the role of Head of Impact and Sustainability at Unity, is expected to play a central role in advancing the bank’s ‘double bottom line’ strategy. This approach focuses on maximising positive outcomes for people and the planet, while ensuring financial stability. In his new role, Meek will drive forward Unity’s…

Building Construction Technology Expo 2024 (BCT Expo 2024), Southeast Asia’s premier building and construction industry event, concluded successfully on 20th September in Bangkok, Thailand. The three-day event, which ran from 18th to 20th September, attracted 150 exhibitors from 16 countries and welcomed 3,879 industry professionals from 35 nations, showcasing the region’s growing construction sector. Held under the theme “The Construction Meeting Place,” BCT Expo 2024 featured a comprehensive range of exhibits, including machinery, tools, construction materials, AI technologies, and smart facility management solutions. Key clusters represented at the event included earthmoving, lifting, concrete, road construction, digital construction, and more. The…