LONDON, Oct. 2, 2020 /PRNewswire/ — At the second residence allocation ceremony in September, the Commonwealth of Dominica’s Prime Minister, Roosevelt Skerrit, spoke about elevating the island by providing housing. Funded by the Citizenship by Investment (CBI) Programme, the Housing Revolution initiative aims to make all new infrastructure in withstand hurricanes.
After 2015’s Tropical Storm Erika, the Government of Dominica took immediate action to recover from the disastrous event and responded promptly to the greatest need of the country – the rebuilding of homes. When a natural disaster in 2017 once more destroyed majority of the houses in Dominica, the Housing Revolution emerged as the Government’s prime response to the catastrophic events experienced by the Dominicans. For Prime Minister Skerrit, the priority became safeguarding citizens by making the nation the first in the world to be climate-resilient.
“When we see the landscape of Dominica and compare it to 15 or 20 years ago, we can see the vast number of homes that have been constructed because of the facilitation of this Dominican Labour Party,” said the Prime Minister at the Jimmit ceremony where he appointed 30 families with keys to their new homes. “We are to bring everybody to the level playing field. Those who are up, keep them going up, those who are down, bring them up,” he added.
The CBI Programme in Dominica was launched in 1993. It is one of the oldest Programmes in the world and has since been a significant player in improving the lives of Dominican citizens. From socio-economic affairs like education and healthcare to making the island a Caribbean tourism must-see, the Programme has helped numerous sectors in the country.
Following a foreign investor’s rigorous vetting, they can earn Dominica’s prestigious citizenship with a minimum contribution of US$100,000 to the Economic Diversification Fund or through an investment of at least US$200,000 in pre-approved real estate. The economic citizens are afforded access to an array of immigration benefits, including freedom of travel – with visa-free or visa-on-arrival entry to approximately 140 countries, and the prospect of securing a safe future for themselves and generations to come.
NEW YORK, Oct. 27, 2020 /CNW/ — Diligend, a leading provider of investment management software, has been selected by FEG Investment Advisors (FEG), an independent investment consulting and OCIO firm, to automate and digitize the collection of manager data and documents in its operational due diligence (ODD) of investment managers across public and private markets and hedge funds.
FEG partnered with Diligend for a robust, flexible, and reliable solution to support their growth and the centralization of their ODD practice in order to provide a more effective and efficient due diligence process.
Diligend specializes in the collection and in-depth analysis of qualitative and quantitative manager data, from initial onboarding to ongoing monitoring for ODD, manager research, ESG and compliance teams. The technology frees up much-needed time by automating and simplifying processes that previously required a heavy manual workload. With Diligend’s technology solution, FEG will be able to efficiently collect and digitize both qualitative and quantitative information and produce ODD reports providing scoring on important operational tenets.
“The flexible nature of Diligend’s platform combined with their ongoing innovation will enable us to more efficiently support our growing client base and their evolving due diligence needs and expectations,” said Douglas Walouke, CFA, Director of Operational Due Diligence at FEG. “Building upon FEG’s historical diligence efforts with our dedicated ODD practice under development, we identified Diligend as the right fit because their technology solutions will not only help streamline our due diligence processes, but will also enable us to perform critical in-depth analysis and improved reporting on our clients’ investment managers.”
Diligend’s platform gives consultant clients the ability to more easily gather comprehensive and accurate timely due diligence data from their investment managers, allowing them in turn to bring increased oversight and tailored analysis to their own clients.
“We are delighted to have FEG as a client and to have the opportunity to work closely with their team to efficiently digitize their due diligence processes. We are looking forward to a successful long-term relationship with FEG,” said Louise Verga, Managing Partner at Diligend.
About FEG Investment Advisors
FEG has more than three decades of experience helping institutional investors build long-term focused portfolios through services that include traditional consulting and OCIO as well as alternative strategies’ investment manager research, due diligence, and monitoring. For more information, visit www.feg.com.
Prime Minister Narendra Modi on Monday said India’s energy consumption would double over long term, providing ample opportunities for investments.
“Leading global bodies project that world demand will contract for the next few years. But these agencies project India as a leading consumer,” he pointed out while speaking in virtual format at the Fifth India Energy Forum. Other top participants were Dan Brouillette and Abdulaziz bin Salman Al Saud, Energy Ministers of the US and Saudi Arabia, respectively, both of whom hope to benefit from India’s increased energy consumption.
Washington has prioritised selling energy and weapons systems to India with energy related trade touching $8 billion last year.
Energy sector to be growth-centric
Our energy sector will be growth-centric, investor-friendly and environment conscious. Access to energy should be affordable and reliable. —Narendra Modi, Prime Minister
The subject will be on the table during the Indo-US two-plus-two talks on Tuesday, the US State Department has said. Saudi Arabia has traditionally been India’s biggest source of crude. PM Modi’s invitation to invest comes at a time when India may see total investments of over $200 billion in the sector. This includes $70 billion in gas infrastructure alone with US and European oil majors such as Total, Exxon Mobil, and Shell showing interest. In exploration and production, another $60 billion is envisaged. Plans to grow oil refining capacity to 450 million tonnes by 2025 from 250 million tones should see investment of $ 80 billion in the downstream segment. “Our energy sector will be growth-centric, investor-friendly and environment conscious. Access to energy should be affordable and reliable,” the PM said. Petroleum Minister Dharmendra Pradhan said the interest shown by Abdulaziz and Brouillette reflected growing strategic partnership with the US and Saudi Arabia.
On October 14, 2020, Toronto-based FinTech startup Wealthsimple
announced that it had raised C$114 million in equity financing.
Following the raise, Wealthsimple claims it has reached a unicorn
valuation of C$1.4 billion.
The investment was led by TCV, a growth equity investor focused
on technology. Other participants included Greylock, Meritech, Two
Sigma Ventures, and existing investor Allianz X.
The new financing comes on the heels of a busy year for
Wealthsimple, which began expanding into new financial services
verticals, including crypto assets as well as saving and
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