Lonely Planet and the Department of Culture and Tourism – Abu Dhabi Launch the ‘Abu Dhabi Adventure Builder’ Video Player in First-to-market Partnership

Experience the magic of Abu Dhabi before setting foot in the city

From today, travelers can experience the majesty of Abu Dhabi before setting foot in the emirate thanks to a new, first-to-market partnership between world-leading travel media company Lonely Planet and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi).

For the next 12 months, lonelyplanet.com will host the ”Abu Dhabi Adventure Builder” video player at www.lonelyplanet.com/abu-dhabi-adventure-builder, enabling travelers to sculpt their own personal, visual itinerary from afar. Featuring 15 bespoke videos of experiences in and around Abu Dhabi, visitors can add up to five videos to the player at any one time, allowing them to explore the city and its surroundings in a completely new, immersive and personal way before they go.

Lonely Planet”s Editorial Director, Tom Hall said, At Lonely Planet, we are constantly evolving how we provide information and advice for those on the road, so were excited to introduce this innovative planning tool with DCT Abu Dhabi that allows travelers to experience the city in such a unique way.

Ali Hassan Al Shaiba, Acting Executive Director of Marketing and Communications, Department of Culture and Tourism – Abu Dhabi, said, Were excited to partner with Lonely Planet and showcase what our extraordinary emirate has to offer. As we focus more on experiential tourism, we hope the video player serves both as a source of inspiration, as well as an easy way for users to create a tailored plan, suited to their preferences and interests, before they visit Abu Dhabi.

Travelers also have the chance to win a trip to Abu Dhabi, by sharing a photo or video of their best adventure through Twitter or Instagram and tagging it with #LPAbuDhabi, @LonelyPlanet and @VisitAbuDhabi.

About Lonely Planet 

Lonely Planet is a leading travel media company and the world”s number one travel guidebook brand. Visit us at lonelyplanet.com or join our social community of over 14 million travelers.

About the Department of Culture and Tourism Abu Dhabi 

The Department of Culture and Tourism – Abu Dhabi conserves and promotes the heritage and culture of Abu Dhabi emirate and leverages them in the development of a world-class, sustainable destination of distinction that enriches the lives of visitors and residents alike.

LONDON, January 24, 2019 /PRNewswire/ —

The Future for CBD Infused Products and Beverages is now

Financialnewsmedia.com News Commentary 

The rush to enter the CBD products and beverage market is akin to the local big box store opening at Midnight for Black Friday… Everybody wants to get in now! BEVNET, a CBD market publication, published a story after a west coast expo in 2018, which highlighted this rush to market. In the article an industry executive noted that he: ‘… no longer goes a day without taking CBD. Since first deciding to explore the space, he has immersed himself in functional beverage brands building around CBD, sampling hundreds of products over the course of the past year.’ During that time, (he) became a true believer in CBD”s physical and mental benefits. ‘The amount of people involved in CBD is higher than anything we”ve ever seen… Eighteen months ago I don”t think we had even one call from a CBD company. In the last ninety days, I think we spoke to 20 different companies that do different things.’ Active cannabis companies in the markets this week include Earth Science Tech, Inc. (OTC:ETST) , Tilray Inc. (NASDAQ:TLRY), New Age Beverages Corporation (NASDAQ:NBEV), The Alkaline Water Company Inc. (NASDAQ:WTER) (TSX-V: WTER), The Green Organic Dutchman Holdings Ltd. (OTC:TGODF) (TSX:TGOD).

An owner of a beverage incubator, told BevNET that at least 20 different entities have approached him with concepts. But while he recognizes the popularity of CBD, the laws and science are not yet in a place where he could feel comfortable working with a brand built around the ingredient. The article concluded with the following: from an industry insider: ‘I think the mentality that will be successful in the CBD and cannabis product and beverage industry in general will be those who are skilled at guerilla marketing getting into the consumer”s mind to make them a pro consumer, so that they really understand what the issues are and who they should be buying their products from… For example, which product claims really have substance, which claims really have clinical support.’

Earth Science Tech, Inc. (OTCQB:ETST) BREAKING NEWS: Earth Science Tech, an innovative biotech company focused on the cannabidiol (CBD), nutraceutical and pharmaceutical fields, medical devices, and research and development, today announces its partnership with Iq2 Labs to formulate a CBD Mental Clarity and Focus shot, compared to leading energy shot brands, High Grade Full Spectrum Iq2 Cannabinoids.

The Company has partnered with Iq2 Labs due to their effective high quality medically supported ingredients used in their IQ2 products sold in vegetable capsules. IQ2 alone works great and fast as well as the Company”s High Grade Full Spectrum Cannabinoids, combining both would synergistically enhance one another and in a liquid shot form would increase the metabolic effect, therefor having the benefits felt rapidly. Based from our High Grade Full Spectrum Iq2 Cannabinoids trials, consumers may experience; mental clarity, calmness, stress relief, clean energy, improved memory retention, improved blood and oxygen circulation, and an uplifting sensation.

High Grade Full Spectrum Iq2 Cannabinoids is currently going through the package designing process and once finalized, the ready made formula will be bottled, launched, and plugged into ETST”s growing sales channels.

Nickolas S. Tabraue, chairman of ETST, adds, ‘This partnership offers us to tap into the emerging CBD beverage industry with a current effective formula while our science team continues to develop a CBD beverage utilizing our University of Central Oklahoma provisional patent, announced last year October. High Grade Full Spectrum Iq2 Cannabinoids will a great add-on to our line offering individuals an immediate clean mental boost.’ Read this and more news for ETST at https://www.financialnewsmedia.com/news-etst

Other recent developments in the cannabis industry include:

The Alkaline Water Company Inc. (NASDAQ:WTER) (TSX-V: WTER) this week announced that it will visit the NASDAQ MarketSite in Times Square on Today January 23, 2019, in celebration of its recent uplisting. To commemorate the occasion, Richard A. Wright, President and CEO of The Alkaline Water Company Inc., will ring the opening bell.

Richard Wright, President and CEO of The Alkaline Water Company, will be joined by Aaron Keay, Chairman of the Board, and other members of the executive team in ringing the bell.

‘We are thrilled to ring the opening bell at NASDAQ and believe this marks a strong start to the new calendar year. We are very proud of the success we have had with our flagship brand, Alkaline88®. The popularity of Alkaline88® has enabled us to rapidly expand our retail presence, with products now available in over 50,000 stores across the U.S. Celebrating these milestones by ringing the opening bell at NASDAQ is an exciting moment for our Company and commemorates the tremendous progress we have achieved in driving the business forward as we continue to execute our strategy. With our shares now trading on the NASDAQ, we are confident that a greater number of shareholders can participate in this ongoing growth,’ said Richard A. Wright, President and CEO of The Alkaline Water Company Inc.

New Age Beverages Corporation (NASDAQ: NBEV) last week announced the signing of an agreement to develop and distribute Marley branded cannabis-infused beverages. The first product to rollout in the Marley+CBD portfolio will be Marley+CBDMellow Mood, relaxation drinks in 15.5 oz cans with 25 mg of pharmaceutical grade CBD per serving. Initial market rollout to customers will be in Colorado, Oregon, Washington, and Michigan where cannabis is legal for responsible adult consumption. This rollout gives New Age a significant first-mover advantage in the CBD space with a globally-recognized brand platform, and positions the venture well for further expansion as regulations permit.

Since beginning conversations with retailers and distributors in October 2018, New Age has received commitments and confirmation from major national accounts and distributors encompassing more than 125,000 outlets, including two of the largest U.S. retailers in the convenience and grocery channels. New Age expects to expand distribution of the Marley+CBD brand to additional markets as the regulatory landscape allows.

Tilray, Inc. (NASDAQ: TLRY) announced recently that it has entered into a definitive agreement (‘the Agreement’) pursuant to which Tilray, through a wholly-owned subsidiary, will acquire all of the issued and outstanding securities of Natura Naturals Holdings Inc. (‘Natura’), the parent company of a licensed cultivator of cannabis.

As a result of the acquisition, if completed, Tilray will obtain Natura”s 662,000 square-foot greenhouse cultivation facility, of which 155,000 square-feet are currently licensed, and all subsequent cannabis output from this facility. Natura, through a wholly-owned subsidiary located in Leamington, Ontario, is a licensed cultivator under the Cannabis Act specializing in the greenhouse cultivation of cannabis.

The Green Organic Dutchman Holdings Ltd. (OTCQX:TGODF) (TSX:TGOD.TO) recently announced the appointment of Dr. Rav Kumar, PhD as the Company”s Chief Science Officer. Dr. Kumar will lead The Green Organic Dutchman”s Science & Innovation Division and oversee all aspects of science-related initiatives including TGOD”s science portfolio encompassing advanced and innovative global product lines for patients and consumers. Dr. Kumar will help drive innovation from concept to commercialization at the Company.

With over 25+ years” experience in the pharmaceutical industry, Dr. Kumar is a seasoned senior executive with international experience in Europe, Asia and North America. His career has focussed on discovery, formulation development, clinical, regulatory, manufacturing, quality & compliance and business development. Additionally, he has created several multimillion-dollar industry-academic partnerships and received the 2014 Award for Leadership in Canadian Pharmaceutical Sciences.

‘We are incredibly excited to welcome Dr. Kumar to TGOD. He is a proven and seasoned senior executive with extensive international pharmaceutical experience in developing innovative and novel products with some of the world”s largest pharmaceutical companies,’ stated Brian Athaide, CEO and Director of TGOD. ‘We believe Dr. Kumar, combined with our recent additions of Dr. MacCallum and Jacques Dessureault, establishes a strong foundation for our science and medical team and will provide leadership in global organic cannabis to drive premium innovative solutions for both patients and consumers,’ continued Athaide.

DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM”s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.. For current services performed FNM has been compensated twenty six hundred dollars for news coverage of the current press releases issued by Earth Science Tech, Inc. by the company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. ‘Forward-looking statements’ describe future expectations, plans, results, or strategies and are generally preceded by words such as ‘may’, ‘future’, ‘plan’ or ‘planned’, ‘will’ or ‘should’, ‘expected,’ ‘anticipates’, ‘draft’, ‘eventually’ or ‘projected’. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company”s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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PALM BEACH, Florida, January 23, 2019 /PRNewswire/ —

Wood Pellet Market Size Worth $15.47 Billion by 2025 | CAGR: 9.2%: Grand View Research, Inc.

The global wood pellet market size is projected to reach USD 15.47 billion by 2025 expanding at 9.2% CAGR, according to a new report by Grand View Research, Inc. The product is obtained by recycling the timber and forest residues into clean, renewable biomass fuel. Increased government spending on renewable energy for power generation is expected to stimulate market development. Rising demand for cleaner and renewable sources for power generation owing to instability in fossil fuel prices is also expected to propel the product demand.

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Key suggestions from the report: 

  • Power plants accounted for 34.1% of the total revenue share in 2017 owing to the utilization of wood pellets in providing heat for electricity generation by direct firing or co-firing with coal in these plants due to its ability to undergo complete combustion 
  • The consumption of the product in residential heating is expected to expand at a CAGR of 9.5% from 2018 to 2025 on account of the simple pellet heating technology coupled with minimum operation and maintenance requirements 
  • The industry in Asia Pacific is expected to register high growth owing to rising product demand in power plants applications as a result of increased awareness for electricity generation through renewable sources 
  • Europe region also accounted for a significant market share in 2017 on account of high product penetration in residential heating coupled with increased awareness regarding GHG emission 
  • Major companies in the global wood pellets market focus on R&R for the development newer manufacturing technologies and integration across the stages of value chain to gain a competitive edge over others 

Read 118 page research report with TOC on Wood Pellets Market Size, Share & Trends Analysis Report By Application (Power Plants, Residential Heating, Commercial Heating, CHP Heating), By Region (APAC, Europe, MEA), And Segment Forecasts, 2019 – 2025 at: https://www.grandviewresearch.com/industry-analysis/wood-pellets-market

Moreover, wood pellets help reduce the Greenhouse Gas (GHG) and carbon emissions, which is likely to augment their usage; thereby boosting market growth. On the other hand, increasing integration among timber industries towards pelletization is likely to be a major concern for the manufacturers over the forecast period. However, several policies and agreements, such as the Kyoto Protocol, the Paris Agreement of COP21, and the American Clean Energy and Security Act, are estimated to drive the product demand. In addition, increasing R&D activities to develop innovative manufacturing procedures for wood pellets are projected to have a positive impact on the market growth.

Connect with our analyst for specific inquiries about this market

Grand View Research has segmented the global wood pellet market on the basis of application and region: 

  • Wood Pellet Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025) 
    • Power Plants
    • Residential Heating
    • Commercial Heating
    • Combined Heat and Power (CHP)
  • Wood Pellet Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025) 
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa
      • Egypt

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

Browse related reports by Grand View Research: 

  • Structural Insulated Panels Market Structural insulated panels market is expected to witness significant growth on account of its rising demand for residential constructions. 
  • Polymer Concrete Market The global polymer concrete market size is expected to witness a significant growth on account of rising penetration of polymer or resin concrete in the construction industry.
  • Wood Based Panel Market The global wood based panel market size was estimated at USD 91.05 billion in 2016 And Industry Revenue is expected to reach USD 174.55 billion by 2025

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact: 

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

SAN FRANCISCO, January 22, 2019 /PRNewswire/ —

Firmenich in Top 2 Worldwide With CDP Triple ‘A’ for Climate Change, Water & Forests

‘We are immensely proud to be one of only two companies globally to have achieved CDP”s triple ‘A’ ranking,’ said Gilbert Ghostine, CEO, Firmenich. ‘Ever since we made our first public environmental commitment three decades ago, we have been leading real change in sustainable business. We owe this year”s outstanding result to our teams” deep belief in inclusive capitalism, committed to making a positive difference for our customers, people and the planet.’

Sonya Bhonsle, Global Head Supply Chain at CDP, commented: ‘We congratulate Firmenich for making it onto CDP”s A Lists this year for its actions to tackle climate change, deforestation and water security. This achievement demonstrates the company”s continuing commitment to scaling up environmental action, in order to meet the Paris Agreement and Sustainable Development Goals. As a CDP supply chain member it provides leadership to suppliers by demonstrating best practice and showing what can be achieved.’

‘Building on the breadth and depth of our programs, we are actively partnering across our supply chain to scale up our climate change mitigation actions,’ commented Neil McFarlane, Senior VP Quality, Health, Safety, Security & Environment, Firmenich. ‘Accelerating the transition towards a more sustainable global economy, we look forward to continuing our collaboration with CDP to share best practices on our journey towards zero impact.’

CDP assesses companies on the comprehensiveness of their disclosure, their awareness and management of environmental risks and their demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. The full list of companies that made this year”s CDP A List is available here, along with all other public company scores: https://www.cdp.net/en/scores.

In 2015, Firmenich announced its vision to become a carbon neutral company as well as its ambitious Environmental Goals for 2020. One of only 160 companies worldwide to have approved science-based targets, the Swiss company committed to operating with 100% renewable electricity or offsets, along with a 20% reduction in absolute CO2 emissions and a 25% decrease of water use in water stressed areas. On track to deliver these goals, the perfume and taste company currently operates with 100% renewable electricity across all of its US and European manufacturing sites. Learn more about Firmenich”s 2020 environmental goals and commitments to climate change mitigation in its ‘Performance and Sustainability Report 2018.’ To view it, click here.

Note to editors

The full methodology and criteria for the Climate Change, Forests and Water Security A Lists are available on CDP”s website at: https://www.cdp.net/en/guidance/guidance-for-companies under ”CDP scoring methodologies 2018”. The 2018 CDP A List includes the CDP Supplier A List, which in previous years was released separately.

About Firmenich

Firmenich is the world”s largest privately-owned perfume and taste company, founded in Geneva, Switzerland, in 1895. Driven by its purpose to create positive emotions to enhance wellbeing, naturally, Firmenich has designed many of the world”s best-known perfumes and tastes, bringing delight to over four billion consumers every day. Renowned for its world-class research and creativity, as well as its leadership in sustainability, each year, Firmenich invests 10% of its turnover in R&D to understand and share the best that nature has to offer responsibly. Firmenich had an annual turnover of 3.7 billion Swiss Francs at end June 2018. More information about Firmenich is available at www.firmenich.com

About CDP

CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$87 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 7,000 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2018. This is in addition to the over 750 cities, states and regions who disclosed, making CDP”s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP, formerly Carbon Disclosure Project, is a founding member of the We Mean Business Coalition. Visit www.CDP.net or follow us @CDP to find out more.

 

GENEVA, Jan. 22, 2019 /PRNewswire/ — Firmenich has been ranked by CDP as a world leader in environmental management, one of only two companies this year to achieve CDP triple ‘A’ status for climate change, water security and forests. This world-class distinction is testament to Firmenich”s commitment to conducting its business responsibly, with ambitious sustainability goals embedded in its strategy.

6th Annual International Finance Awards 2018 Held in Dubai

International Finance, a premium financial and business analysis magazine, hosted the 6th Annual International Finance Awards at the Jumeirah Emirates Towers, Dubai on 17th January, 2019.

     (Photo: https://mma.prnewswire.com/media/809810/International_Finance_Awards_2018.jpg )

This year”s ceremony was special as it stood testament to the company”s growth over the years. For the first time, International Finance Awards received 1,000 nominations, marking the highest since inception.

International Finance is pleased to have established an effective working relationship with a myriad of globally recognised firms, industry experts and thought leaders, which brings the company to a turning point.

The ceremony will witness the presence of 200 world”s top C-suite executives and significant others across sectors in the EMEA region.

Sunil Bhat, Director, International Finance, said: ‘We are looking forward to the ceremony today. It is, in fact, a great opportunity for International Finance and our clients across various sectors to gather, greet and collaborate with each other.’

‘We are delighted to extend our felicitations to the winners of 6th Annual International Finance Awards 2018 and celebrate their excellence.’

Over the last three years, International Finance has established a strong presence in the Asia Pacific region. After conducting successful ceremonies in Singapore, the 6th Annual International Finance Awards Asia Pacific will be held in Thailand for the first time.

The event is scheduled to be held on January 25, 2019 at the Grand Hyatt Erawan, Bangkok, with an estimated 200 C-level executives from the region”s leading companies expected to attend.

The nominations for the 7th Annual International Finance Awards 2019 will open on February 1, 2019.

For further details, contact:
Ryan Cooper
+44(0)207-193-5502

Sid Jain
+44(0)208-123-0715

Website: https://internationalfinance.com/

Facebook: https://www.facebook.com/InternationalFinanceMagazine/  

Instagram: intlfinance 

Twitter: @IntlFinanceMag 

Linkedin: https://www.linkedin.com/company/internationalfinance/  

LONDON, January 17, 2019 /PRNewswire/ —

BB&T reports record annual earnings of $3.1 billion; $3.91 per diluted share; Quarterly earnings totaled $0.97 per diluted share, up 26.0 percent compared to 2017

Excluding merger-related and restructuring charges of $76 million ($59 million after-tax), net income available to common shareholders was $813 million, or $1.05 per diluted share, up from $1.03 last quarter.

Net income available to common shareholders was $789 million ($1.01 per diluted share) for the third quarter of 2018 and $614 million ($0.77 per diluted share) for the fourth quarter of 2017.

For the full year, net income available to common shareholders was a record $3.1 billion, or $3.91 per diluted share. For 2017, net income available to common shareholders was $2.2 billion, or $2.74 per diluted share. Excluding merger-related and restructuring charges and selected items, adjusted diluted earnings per share was $4.05 for 2018, up 29.0 percent compared to $3.14 for 2017.

‘We are pleased to report record taxable-equivalent revenues of $3.0 billion and strong fourth-quarter and record full-year earnings, while we continue to make significant investments in our digital platform to enhance our clients” experiences,’ said Chairman and Chief Executive Officer Kelly S. King.

‘Our diversified businesses continue to perform well, as evidenced by quarterly record revenues of $487 million from insurance income and $139 million from investment banking income. Our GAAP efficiency ratio increased to 60.7 percent due to higher merger-related and restructuring charges. Our adjusted efficiency ratio was 56.5 percent, which is at the lowest level since 2014. We also delivered solid loan growth for the quarter,’ King said.

‘Asset quality remains excellent and nonperforming assets improved further during the fourth quarter,’ King said.

Fourth Quarter 2018 Performance Highlights

  • Earnings per diluted common share were $0.97, down $0.04 compared to third quarter of 2018
    • Diluted earnings per share was $1.05, excluding merger-related and restructuring charges
    • Return on average assets was 1.43 percent
    • Return on average common shareholders” equity was 11.14 percent
    • Return on average tangible common shareholders” equity was 19.02 percent
  • Taxable-equivalent revenues were a record $3.0 billion, up $11 million from the third quarter of 2018
    • Net interest margin was 3.49 percent, up two basis points from the prior quarter
    • Noninterest income was essentially flat; excluding income from post-employment assets that are offset by personnel expense, noninterest income was up $32 million from the prior quarter
    • Insurance income was a record $487 million, up $39 million from the prior quarter
    • Investment banking and brokerage fees and commissions was a record $139 million, up $23 million from the prior quarter
    • Fee income ratio was 42.0 percent, compared to 42.3 percent for the prior quarter
  • Noninterest expense was $1.8 billion, up $42 million compared to the third quarter of 2018
    • Noninterest expense was down $71 million compared to the fourth quarter of 2017
    • GAAP efficiency ratio was 60.7 percent, compared to 59.5 percent for the prior quarter
    • Adjusted efficiency ratio was 56.5 percent, compared to 57.3 percent for the prior quarter
  • Average loans and leases held for investment were $147.5 billion, up $1.3 billion, or 3.6 percent annualized compared to the third quarter of 2018
    • Average commercial and industrial loans increased $653 million, or 4.3 percent annualized
    • Average CRE loans decreased $195 million, or 3.6 percent annualized
    • Average residential mortgage loans increased $603 million, or 7.8 percent annualized
    • Average indirect loans increased $154 million, or 3.5 percent annualized
    • Average revolving credit increased $123 million, or 16.6 percent annualized
  • Average deposits were $157.8 billion compared to $157.3 billion for the third quarter of 2018
    • Average noninterest-bearing deposits decreased $442 million, or 3.2 percent annualized
    • Average noninterest-bearing deposits represent 34.0 percent of total deposits, compared to 34.4 percent in the prior quarter
    • Cost of average interest-bearing deposits was 0.78 percent annualized, up 12 basis points
    • Cost of average total deposits was 0.52 percent annualized, up nine basis points
  • Asset quality remains excellent
    • Nonperforming assets were 0.26 percent of total assets; lower than levels in 2006
    • Loans 90 days or more past due and still accruing were 0.31 percent of loans held for investment, compared to 0.29 percent in the prior quarter
    • Net charge-offs were 0.38 percent of average loans and leases, up three basis points
    • The allowance for loan loss coverage ratio was 2.99 times nonperforming loans held for investment, versus 2.86 times in the prior quarter
    • The allowance for loan and lease losses was 1.05 percent of loans held for investment, unchanged compared to the prior quarter
  • Capital levels remained strong across the board
    • Common equity tier 1 to risk-weighted assets was 10.2 percent
    • Tier 1 risk-based capital was 11.8 percent
    • Total capital was 13.8 percent
    • Leverage capital was 9.9 percent

Earnings Presentation and Quarterly Performance Summary

To listen to BB&T”s live fourth quarter 2018 earnings conference call at 8 a.m. ET today, please call 866-519-2796 and enter the participant code 876127. A presentation will be used during the earnings conference call and is available on our website at https://bbt.investorroom.com/webcasts-and-presentations. Replays of the conference call will be available for 30 days by dialing 888-203-1112 (access code 6326592).

The presentation, including an appendix reconciling non-GAAP disclosures, is available at https://bbt.investorroom.com/webcasts-and-presentations. BB&T”s Fourth Quarter 2018 Quarterly Performance Summary, which contains detailed financial schedules, is available on BB&T”s website at https://bbt.investorroom.com/quarterly-earnings.

About BB&T

BB&T is one of the largest financial services holding companies in the U.S. with $225.7 billion in assets and market capitalization of approximately $33.1 billion as of December 31, 2018. Building on a long tradition of excellence in community banking, BB&T offers a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending. Based in Winston-Salem, N.C., BB&T operates more than 1,800 financial centers in 15 states and Washington, D.C. and is consistently recognized for outstanding client service by Greenwich Associates for small business and middle market banking. More information about BB&T and its full line of products and services is available at BBT.com.

Capital ratios are preliminary.

This news release contains financial information and performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America (‘GAAP’). BB&T”s management uses these ‘non-GAAP’ measures in their analysis of the Corporation”s performance and the efficiency of its operations. Management believes these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant items in the current period. The Corporation believes a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. BB&T”s management believes investors may find these non-GAAP financial measures useful. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Below is a listing of the types of non-GAAP measures used in this news release:

  • The adjusted efficiency ratio is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, merger-related and restructuring charges and other selected items. BB&T”s management uses this measure in their analysis of the Corporation”s performance. BB&T”s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges.
  • Tangible common equity and related measures are non-GAAP measures that exclude the impact of intangible assets and their related amortization. These measures are useful for evaluating the performance of a business consistently, whether acquired or developed internally. BB&T”s management uses these measures to assess the quality of capital and returns relative to balance sheet risk and believes investors may find them useful in their analysis of the Corporation.
  • Core net interest margin is a non-GAAP measure that adjusts net interest margin to exclude the impact of purchase accounting. The interest income and average balances for PCI loans are excluded in their entirety as the accounting for these loans can result in significant and unusual trends in yields. The purchase accounting marks and related amortization for a) securities acquired from the FDIC in the Colonial Bank acquisition and b) non-PCI loans, deposits and long-term debt acquired from Susquehanna and National Penn are excluded to approximate their yields at the pre-acquisition rates. BB&T”s management believes the adjustments to the calculation of net interest margin for certain assets and liabilities acquired provide investors with useful information related to the performance of BB&T”s earning assets.
  • The adjusted diluted earnings per share is non-GAAP in that it excludes merger-related and restructuring charges and other selected items, net of tax. BB&T”s management uses this measure in their analysis of the Corporation”s performance. BB&T”s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges.
  • The adjusted operating leverage ratio is non-GAAP in that it excludes securities gains (losses), amortization of intangible assets, merger-related and restructuring charges and other selected items. BB&T”s management uses this measure in their analysis of the Corporation”s performance. BB&T”s management believes this measure provides a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges.
  • The adjusted performance ratios are non-GAAP in that they exclude merger-related and restructuring charges and, in the case of return on average tangible common shareholders” equity, amortization of intangible assets. BB&T”s management uses these measures in their analysis of the Corporation”s performance. BB&T”s management believes these measures provide a greater understanding of ongoing operations and enhances comparability of results with prior periods, as well as demonstrates the effects of significant gains and charges.

A reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is included in BB&T”s Fourth Quarter 2018 Quarterly Performance Summary, which is available at https://bbt.investorroom.com/quarterly-earnings.

This news release contains ‘forward-looking statements’ within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the financial condition, results of operations, business plans and the future performance of BB&T. Forward-looking statements are not based on historical facts but instead represent management”s expectations and assumptions regarding BB&T”s business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances difficult to predict. BB&T”s actual results may differ materially from those contemplated by the forward-looking statements. Words such as ‘anticipates,’ ‘believes,’ ‘estimates,’ ‘expects,’ ‘forecasts,’ ‘intends,’ ‘plans,’ ‘projects,’ ‘may,’ ‘will,’ ‘should,’ ‘could’ and other similar expressions are intended to identify these forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. While there is no assurance any list of risks and uncertainties or risk factors is complete, important factors that could cause actual results to differ materially from those in the forward-looking statements include the following, without limitation, as well as the risks and uncertainties more fully discussed under Item 1A-Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2017 and in any of BB&T”s subsequent filings with the Securities and Exchange Commission:

  • general economic or business conditions, either nationally or regionally, may be less favorable than expected, resulting in, among other things, slower deposit and/or asset growth, and a deterioration in credit quality and/or a reduced demand for credit, insurance or other services;
  • disruptions to the national or global financial markets, including the impact of a downgrade of U.S. government obligations by one of the credit ratings agencies, the economic instability and recessionary conditions in Europe, the eventual exit of the United Kingdom from the European Union;
  • changes in the interest rate environment, including interest rate changes made by the Federal Reserve, as well as cash flow reassessments may reduce net interest margin and/or the volumes and values of loans and deposits as well as the value of other financial assets and liabilities;
  • competitive pressures among depository and other financial institutions may increase significantly;
  • legislative, regulatory or accounting changes, including changes resulting from the adoption and implementation of the Dodd-Frank Act may adversely affect the businesses in which BB&T is engaged;
  • local, state or federal taxing authorities may take tax positions that are adverse to BB&T;
  • a reduction may occur in BB&T”s credit ratings;
  • adverse changes may occur in the securities markets;
  • competitors of BB&T may have greater financial resources or develop products that enable them to compete more successfully than BB&T and may be subject to different regulatory standards than BB&T;
  • cybersecurity risks could adversely affect BB&T”s business and financial performance or reputation, and BB&T could be liable for financial losses incurred by third parties due to breaches of data shared between financial institutions;
  • higher-than-expected costs related to information technology infrastructure or a failure to successfully implement future system enhancements could adversely impact BB&T”s financial condition and results of operations and could result in significant additional costs to BB&T;
  • natural or other disasters, including acts of terrorism, could have an adverse effect on BB&T, materially disrupting BB&T”s operations or the ability or willingness of customers to access BB&T”s products and services;
  • costs related to the integration of the businesses of BB&T and its merger partners may be greater than expected;
  • failure to execute on strategic or operational plans, including the ability to successfully complete and/or integrate mergers and acquisitions or fully achieve expected cost savings or revenue growth associated with mergers and acquisitions within the expected time frames could adversely impact financial condition and results of operations;
  • significant litigation and regulatory proceedings could have a material adverse effect on BB&T;
  • unfavorable resolution of legal proceedings or other claims and regulatory and other governmental investigations or other inquiries could result in negative publicity, protests, fines, penalties, restrictions on BB&T”s operations or ability to expand its business and other negative consequences, all of which could cause reputational damage and adversely impact BB&T”s financial conditions and results of operations;
  • risks resulting from the extensive use of models;
  • risk management measures may not be fully effective;
  • deposit attrition, customer loss and/or revenue loss following completed mergers/acquisitions may exceed expectations; and
  • widespread system outages, caused by the failure of critical internal systems or critical services provided by third parties, could adversely impact BB&T”s financial condition and results of operations.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Actual results may differ materially from those expressed in or implied by any forward-looking statement. Except to the extent required by applicable law or regulation, BB&T undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

WINSTON-SALEM, North Carolina, Jan. 17, 2019 /PRNewswire/ — BB&T Corporation (NYSE: BBT) today reported earnings for the fourth quarter of 2018. Net income available to common shareholders was $754 million. Earnings per diluted common share were $0.97 for the fourth quarter of 2018, down from $1.01 last quarter. Results for the fourth quarter produced an annualized return on average assets of 1.43 percent and an annualized return on average common shareholders” equity of 11.14 percent.

Tetra Pak to Offer New Levels of Customisation and Flexibility With Digital Printing Technology

A first for the beverage carton industry, this investment taps the power of digital on-package printing to offer new possibilities for beverage brands 

Tetra Pak is to become the first company in the food and beverage carton industry to offer full-colour digital printing on its carton packages, working in collaboration with Koenig & Bauer, a global leader in the field.

     (Logo: https://mma.prnewswire.com/media/632361/Tetra_Pak_Logo.jpg )

The digital printing technology will simplify the complexity of design handling, reducing time from design to print and opening up new opportunities for flexibility in order placement and product customisation. Beverage brands can take advantage of added benefits like dynamic on-package printing and the ability to include a variety of designs within the same order.

Charles Brand, Executive Vice President, Product Management & Commercial Operations at Tetra Pak said, ‘We are committed to helping our customers explore new avenues with a truly ”smart” package, supporting their need for product customisation, smaller batch sizes, greater traceability and the ability to interact with the consumer. Our investment in this digital printer demonstrates our commitment to support customers with future-proof technologies as the digital revolution transforms the way we all do business.’

The full-width digital printer is currently being built by Koenig & Bauer and will be installed at Tetra Pak”s converting plant at Denton, Texas. Field testing of the new, digitally-printed carton packages is expected to begin in early 2020 with North American customers.

Carmen Becker, President and CEO of Tetra Pak U.S. and Canada, said, ‘Brands continue to look for opportunities to deliver greater customisation and personalisation of their products. We”re thrilled to offer our customers new and innovative ways to engage with consumers, all while increasing flexibility in the design and order process.’

Christoph Müller, Member of the Board of Koenig & Bauer said, ‘We are absolutely delighted that Tetra Pak has decided in favour of our digital printer. Collaboration between our companies is on an extremely constructive and trusting basis. I am sure that, together, we will significantly change the market for the benefit of Tetra Pak customers.’

ABOUT TETRA PAK 
Tetra Pak is the world”s leading food processing and packaging solutions company. Working closely with our customers and suppliers, we provide safe, innovative and environmentally sound products that each day meet the needs of hundreds of millions of people in more than 160 countries. With over 24,000 employees around the world, we believe in responsible industry leadership and a sustainable approach to business.  Our motto, ‘PROTECTS WHAT”S GOOD™,’ reflects our vision to make food safe and available, everywhere.

More information about Tetra Pak is available at http://www.tetrapak.com

ABOUT KOENIG & BAUER  

Koenig & Bauer is the world”s second-largest printing press manufacturer with the broadest product range in the industry. For 200 years, the company has been supporting printers with innovative technology, tailor-made processes and a wide array of services. The portfolio ranges from banknotes, via board, film, metal and glass packaging, through to book, display, coding, magazine, advertising, corrugated and newspaper printing. Sheetfed and webfed offset and flexo printing, waterless offset, intaglio, simultaneous perfecting and screen printing or digital inkjet – Koenig & Bauer is at home in virtually all printing processes and is the market leader in many of them. In the financial year 2017, the approximately 5,600 highly qualified employees worldwide generated annual sales of more than EUR 1.2 billion.

More information about Keonig & Bauer is available at http://www.koenig-bauer.com

LAUSANNE, Switzerland, January 16, 2019 /PRNewswire/ —

Tetra Pak to Offer New Levels of Customisation and Flexibility With Digital Printing Technology

A first for the beverage carton industry, this investment taps the power of digital on-package printing to offer new possibilities for beverage brands 

Tetra Pak is to become the first company in the food and beverage carton industry to offer full-colour digital printing on its carton packages, working in collaboration with Koenig & Bauer, a global leader in the field.

     (Logo: https://mma.prnewswire.com/media/632361/Tetra_Pak_Logo.jpg )

The digital printing technology will simplify the complexity of design handling, reducing time from design to print and opening up new opportunities for flexibility in order placement and product customisation. Beverage brands can take advantage of added benefits like dynamic on-package printing and the ability to include a variety of designs within the same order.

Charles Brand, Executive Vice President, Product Management & Commercial Operations at Tetra Pak said, ‘We are committed to helping our customers explore new avenues with a truly ”smart” package, supporting their need for product customisation, smaller batch sizes, greater traceability and the ability to interact with the consumer. Our investment in this digital printer demonstrates our commitment to support customers with future-proof technologies as the digital revolution transforms the way we all do business.’

The full-width digital printer is currently being built by Koenig & Bauer and will be installed at Tetra Pak”s converting plant at Denton, Texas. Field testing of the new, digitally-printed carton packages is expected to begin in early 2020 with North American customers.

Carmen Becker, President and CEO of Tetra Pak U.S. and Canada, said, ‘Brands continue to look for opportunities to deliver greater customisation and personalisation of their products. We”re thrilled to offer our customers new and innovative ways to engage with consumers, all while increasing flexibility in the design and order process.’

Christoph Müller, Member of the Board of Koenig & Bauer said, ‘We are absolutely delighted that Tetra Pak has decided in favour of our digital printer. Collaboration between our companies is on an extremely constructive and trusting basis. I am sure that, together, we will significantly change the market for the benefit of Tetra Pak customers.’

ABOUT TETRA PAK 
Tetra Pak is the world”s leading food processing and packaging solutions company. Working closely with our customers and suppliers, we provide safe, innovative and environmentally sound products that each day meet the needs of hundreds of millions of people in more than 160 countries. With over 24,000 employees around the world, we believe in responsible industry leadership and a sustainable approach to business.  Our motto, ‘PROTECTS WHAT”S GOOD™,’ reflects our vision to make food safe and available, everywhere.

More information about Tetra Pak is available at http://www.tetrapak.com

ABOUT KOENIG & BAUER  

Koenig & Bauer is the world”s second-largest printing press manufacturer with the broadest product range in the industry. For 200 years, the company has been supporting printers with innovative technology, tailor-made processes and a wide array of services. The portfolio ranges from banknotes, via board, film, metal and glass packaging, through to book, display, coding, magazine, advertising, corrugated and newspaper printing. Sheetfed and webfed offset and flexo printing, waterless offset, intaglio, simultaneous perfecting and screen printing or digital inkjet – Koenig & Bauer is at home in virtually all printing processes and is the market leader in many of them. In the financial year 2017, the approximately 5,600 highly qualified employees worldwide generated annual sales of more than EUR 1.2 billion.

More information about Keonig & Bauer is available at http://www.koenig-bauer.com

LAUSANNE, Switzerland, January 16, 2019 /PRNewswire/ —

Illegal Burger by WCVC and AmeriCanna Cafe Announce Patented CBD Culinary Infusion Technology Pilot With Biolog Inc

West Coast Ventures Group Corp. (OTCQB: WCVC) (‘WCVC’) today announced an agreement with San Francisco-area based Biolog, Inc. to conduct a cannabis infusion technology trial. WCVC”s Illegal Burger recently announced a cannabis-themed restaurant joint venture with the AmeriCanna Cafe. The cannabis infusion technology trial will be conducted in conjunction with the cannabis themed restaurant rollout. The proprietary technology from Biolog enables the infusion into virtually any food with a very accurate dose of fast onset, highly bioavailabile, cannabinoids.

Jim Nixon, CEO of WCVC commented, ‘We are excited about this upcoming trial and we hope to implement this technology across all of our properties. The Biolog products will enable us to infuse our foods with CBD, which is very popular right now and will be of great interest to our customers. We expect a very positive response to WVCV being the first culinary group to use CannaStix.’

The CannaStix products are solid seasonings and spice that not only infuse any cooked food with cannabinoids, but also make foods taste great. Biolog”s predecessor company launched a non-cannabis version of the product into the market place last year to considerable success. Biolog is expecting an even bigger response for the cannabidiol (CBD) version of the product line. Biolog plans to soon launch a series of cannabinoid infusion products for both food and beverages over the coming weeks. Biolog”s products are protected by multiple patents, which cover the product and the method of production.

West Coast Venture”s trial of CannaStix will utilize only the CBD versions of the product, but the companies have agreed to explore the possibility of distribution of all Biolog”s products within WCVC”s home state of Colorado to be included as part of the agreement signed by both companies. 

CannaStix allow for a unique method to infuse cannabinoids into food. Inserted as a solid mass of seasonings, spices, flavorings and cannabinoids, into foods, the sticks liquefy during the cooking process to infuse flavorings and cannabis directly into the food from the inside out. Biolog utilizes a unique patented process that not only completely masks the usual bad cannabis taste profile, but also is proven, via clinical studies, to increase bioavailability of ingested CBD significantly.

AmeriCanna Cafe is a concept restaurant business subsidiary conceived and launched by North American Cannabis Holdings (USOTC: USMJ) (‘USMJ’). USMJ recently affected a spinoff the of the AmeriCanna Cafe through the sale of the asset to an independently listed public company, Priority Aviation (Name Change Pending) (USOTC: PJET) (‘PJET’). The spinoff transaction includes a planned issuance of PJET stock to the shareholders of USMJ in a dividend distribution. Illegal Burger, a subsidiary of West Coast Ventures will partner with AmeriCanna Cafe to pilot a cannabis-themed restaurant in Colorado. The pilot will be launched in the form of a food truck featured in pop-up venues near a series of recreational marijuana dispensaries in Colorado. The pilot rollout is scheduled to start in the spring of 2019.

About West Coast Ventures Group Corp.  

Based in Denver, Colo., West Coast Ventures Group Corp. (WCVC) develops, owns and operates two contemporary restaurant concepts: Illegal Burger, a quick-casual burger + bar concept, and El Señor Sol, a full-service fresh Mexican restaurant (6 restaurants in the Denver Colorado area). Led by seasoned restaurant entrepreneurs, WCVC management is committed to scaling both modern sustainable concepts into national franchise models operating metro-styled restaurants serving only the finest and freshest natural ingredients. 

About Biolog, Inc. 

Privately held Biolog, Inc., located in the San Francisco Bay area, has been organized to capitalize on the fast growing market for cannabidiol (CBD) edibles and beverages. Biolog products solve many of the industry”s most pressing issues concerning cannabis edibles and beverages by offering precise dosing, micro-dosing, fast onset times, high bioavailability, taste masking and ease of use.

Forward-Looking Statements

This document may contain forward-looking statements, relating to West Coast Ventures Group Corp operations or to the environment in which it operates, which are based on West Coast Ventures Group Corp operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond West Coast Ventures Group Corp control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. West Coast Ventures Group Corp disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information:
+1(303)423-1300
info@illegalburger.com

https://www.westcoastventuresgroupcorp.com/ 
https://www.illegalburger.com/

DENVER, January 7, 2019 /PRNewswire/ —

The Tony Elumelu Foundation Opens Applications for Fifth Cycle of $100m Entrepreneurship Programme

  • Application exclusively available on TEFConnect.com – the largest digital networking platform for African entrepreneurs  
  • Invitation to join existing 4,470 programme Fellows  
  • 4th Cycle drew over 150,000 applications from across the African continent  

The Tony Elumelu Foundation, the leading African-funded and founded philanthropy committed to empowering African entrepreneurs, is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme.

The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs. The Programme”s objective is to generate at least 1,000,000 new jobs and create at least $10 billion in new business revenue across Africa. Now in its 5th year, the TEF Entrepreneurship Programme has empowered 4,470 entrepreneurs, using a bespoke and robust selection, training and implementation process to create visible and sustainable impact across all 54 African countries.

Outstanding African entrepreneurs running existing start-ups with high growth potential and aspiring business owners with transformative ideas are invited to apply. We are particularly looking to grow representation from French, Arabic and Portuguese speakers, as well as female entrepreneurs.

Inspired by Tony Elumelu”s economic philosophy of Africapitalism and his vision to institutionalise luck and democratise opportunity for a new generation of African entrepreneurs, the Foundation has implemented one of the most ambitious entrepreneurship programmes globally. Selected entrepreneurs from previous years have transformed their businesses and their communities after gaining from the Programme”s 7 pillars: $5,000 in seed capital; business development training; one-on-one mentoring; access to TEFConnect; pan-African meetups; TEF network membership; and participation at the annual TEF Entrepreneurship Forum, the largest convening of the African entrepreneurship ecosystem.

Founder, Tony O. Elumelu, CON, stated: ‘The private sector must be the core driver of Africa”s economic transformation, but this sector cannot attain its full potential if entrepreneurs are left behind. We call on all stakeholders – policymakers, business leaders and development agencies – to commit to creating a better future for our young Africans who have demonstrated intellect, skill, and passion, to empower them to succeed because their success is Africa”s success. The TEF Entrepreneurship Programme is by far the most impactful project of my life and represents my commitment to transforming Africa through entrepreneurship’.

Parminder Vir, CEO, Tony Elumelu Foundation, said: ‘Our entrepreneurs illustrate the Foundation”s commitment to transform the African economy, by building on the intelligence, skills and resourcefulness of Africans. I encourage all ambitious young Africans to take advantage of this unique opportunity’.

The Foundation, which has recently hosted President Macron of France, President Uhuru Kenyatta of Kenya and President Nana Akufo-Addo of Ghana in dynamic interactive sessions with young African entrepreneurs, is committed to supporting the entire entrepreneurship ecosystem – from the entrepreneurs themselves, governments who must provide enabling environments, to capital, advice and most importantly access and networks.

The TEF Entrepreneurship Programme is open to citizens and legal residents of all African countries, who run for-profit businesses based in Africa that are no older than three years. The deadline for applications submission is March 1, 2019.

Applications will be judged based on criteria including: feasibility, scalability and potential for growth of the product/service; market opportunity for the idea/business; financial understanding, leadership potential and entrepreneurial skills.

Applicants can apply on TEFConnect – http://www.tefconnect.com – the largest digital networking platform for African entrepreneurs.

Additional Information:  

Link to the Impact Documentary showing the transformative and impactful stories of the Tony Elumelu Entrepreneurs: https://goo.gl/XcYqCP

LAGOS, Nigeria, January 1, 2019 /PRNewswire/ —

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