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Beijing E-Town Creates a Hub for Robotics and Intelligent Manufacturing Industries

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Beijing E-Town

BEIJING, CHINA – Media OutReach Newswire – 27 August 2024 – On August 21, the highly anticipated World Robot Conference 2024 (WRC 2024) grandly opened at the Beijing Etrong International Exhibition & Convention Center, once again drawing global attention to the Beijing Economic-Technological Development Area (Beijing E-Town). As the main hub for high-end industries in the capital, Beijing E-Town has fully utilized the platform of WRC to promote the integration of production and conferences, meticulously planning industry connections and project promotions, and conducting in-depth industry forums, visits, exchanges, and project roadshows to facilitate more technological innovation achievements in the development area.

By the second day of the conference, Beijing E-Town had signed a total of 22 key projects, primarily covering two major sectors: the embodied intelligence ecosystem and components + intelligent manufacturing, further enhancing its role as a gravitational field for the robotics and intelligent manufacturing industries.

As the permanent venue of the World Robot Conference, Beijing E-Town has taken this opportunity to deeply engage in the conference, fully showcasing its strength and appeal as the primary hub for high-end industries in the capital. Zhang Qiang, Secretary of the Party Working Committee of the Beijing Economic-Technological Development Area (BDA), and Kong Lei, Deputy Secretary of the Party Working Committee and Director of the Administrative Committee of the Beijing Economic-Technological Development Area (BDA), led teams to meet face-to-face with over ten well-known robot manufacturing companies, international organizations, investment institutions, and scientists from various countries and regions. They listened attentively, investigated the development status of the artificial intelligence industry, and introduced in detail the development and policy situation of Beijing and Beijing E-Town’s AI industry, aligning resource needs, demonstrating sincerity, and seeking cooperation.

Zhang Qiang introduced to the enterprises that Beijing, as the region with the highest density of AI talent, the best innovation foundation, the most complete key links, the largest industry scale, and the strongest competitiveness in the country, has achieved a series of nationally and globally pioneering technological achievements. As a trailblazer for high-quality development in the new era and a “ballast stone” for the capital’s real economy, Beijing E-Town is deeply implementing the national “AI+” strategy and the decisions and deployments of the Beijing Municipal Party Committee and Municipal Government. It positions artificial intelligence as a key engine to vigorously advance the development of new-quality productive forces, fully leveraging its innovative resource advantages to plan and cultivate an AI industry aligned with the industrial system, strongly supporting the construction of Beijing as an international center for technological innovation and the innovative development of future industries.

Kong Lei explained that Beijing E-Town is vigorously building an innovative system that spans from algorithm breakthroughs and model development to scenario creation and industrial transformation, constructing a city of artificial intelligence for the future. The first batch of ten benchmark application scenarios, including “AI + humanoid robots,” is under construction. Here, centered around “large models + big data + massive computing power,” support is provided for building the Beijing Artificial Intelligence Data Training Base to solidify the foundation of the AI industry. Currently, 5000P high-performance intelligent computing power has been put into use, with a planned computing power scale exceeding 10,000P. Relying on the data aggregation platform, a high-quality data zone is being constructed, implementing a “regulatory sandbox” mechanism for data compliance and scenario application for large model training, providing a secure and trustworthy application training environment. Additionally, the Beijing Artificial Intelligence Data Training Base has been established to help large models develop the “strongest brain.”

At the “Embodied Intelligence Industry Trends and Future Development Forum” held on August 22 during the WRC 2024, Beijing E-Town signed agreements with eight companies, including the Beijing Embodied Intelligence Robot Innovation Center, Beijing Chietcom Transmission Technology Co., Ltd., and Beijing Ant Non-standard Technology Co., Ltd., for projects involving a “national-level” embodied intelligence innovation platform that addresses common industry issues, a domestically leading flexible and agile manufacturing service for industrial components to supplement the synergy of high-end manufacturing industries, and the independently developed high-precision reducers that achieve domestic substitution. With this, Beijing E-Town has signed a total of 22 key projects during this year’s robot conference.

With its official renaming from “Beijing Humanoid Robot Innovation Center” to “Beijing Embodied Intelligence Robot Innovation Center” (referred to as the Innovation Center), the national-level embodied intelligence innovation platform will accelerate its development in Beijing E-Town. “In November 2023, with support from the Beijing Municipal Government and attraction from Beijing E-Town, as the first innovation center in China focusing on the core technologies, product development, and application ecosystem of humanoid robots, we registered and settled in E-Town. In April this year, we also launched China’s first general-purpose robot platform, ‘Tiangong,’ achieving the world’s first humanoid running with a full-sized pure electric humanoid robot,” said Xiong Youjun, General Manager of the Innovation Center. “Next, we will focus on tackling major projects in response to the urgent needs of national strategic priorities, creating the world’s first general humanoid robot ‘hardware mother platform’ and the first large model + open-source motion control system ‘software mother platform.’ This will support the development of bodies for multiple application fields, solve ‘bottleneck’ problems that restrict industrial development, lead the high-quality development of China’s robotics industry, and enhance its global competitiveness.”

Seizing the opportunities in the development of embodied intelligent robots, Beijing E-Town has also attracted a number of embodied intelligence ecosystem enterprises, including projects like IAT’s AI.X Lab. Additionally, in the components + intelligent manufacturing sector, Beijing E-Town shows a high-end layout in cutting-edge fields, whether by promoting investment expansion or introducing new partners. Chietcom, which has been established in Beijing E-Town for six years, plans to invest 300 million yuan to build its headquarters, an industrial and humanoid robot high-precision reducer technology research and development center, and an intelligent manufacturing production line. The aim is to establish a globally leading engineering test platform and comprehensive testing platform, aspiring to become a leading R&D and manufacturing center and innovation hub for high-precision reducers for industrial and humanoid robots in China. The Ant Factory, a leading domestic provider of flexible and agile manufacturing services for industrial components, will invest in building a 40,000-square-meter advanced manufacturing base in Beijing E-Town. By 2025, it is expected to establish local service capabilities, significantly reducing the time for local enterprises to process component designs.

Meanwhile, leveraging its spatial carrying advantages, Beijing E-Town Robot Technology Industry Development Co., Ltd., as a platform company, has signed five projects on-site, including the Ti5 humanoid robot project and the Neurocean’s “Dexterous Hand” project, which will be located in the Beijing Robot Industry Park at Courtyard 3, Jinghai 5th Road, Beijing E-Town.

As the permanent venue for the World Robot Conference, Beijing E-Town has formed the “44637” development system, which is guided by four national strategies, consolidates and strengthens four leading industries, comprehensively deploys six future industries, enhances three integrated empowerments, and builds seven supporting systems. Among these, the output value of the robotics and intelligent manufacturing industries is nearly 100 billion yuan. An official from the Beijing Economic-Technological Development Area stated, “With the landing of a new batch of key projects, innovation resources and industry chain support have been further improved, accelerating the gathering of international talents, technology, capital, and other industrial cluster elements. Using the conference as a medium, Beijing E-Town will accelerate the breakthrough development of the robotics and intelligent manufacturing industries, positioning more new-quality productive forces for future industrial layouts.”

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Verdant Capital Hybrid Fund completes an additional investment of USD 4.5 million in LOLC Africa

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LOLC

The investment will support LOLC’s global expansion strategy in Africa, by financing MSMEs, thereby fostering financial inclusion, employment creation, income generation, and economic growth

Verdant Capital (www.Verdant-Cap.com) is pleased to announce that its Verdant Capital Hybrid Fund (the “Fund”) has completed an additional investment of USD 4.5 million in LOLC Africa Singapore Limited (“LOLC Africa”). This investment brings the total investment in LOLC Africa to USD 13.5 million. This follows the initial investment of USD 9 million in LOLC Africa, completed in June 2023. Both investments are structured as holding company loans, and they are being directed towards LOLC Africa’s operating lending subsidiaries in Zambia, Rwanda, Egypt, Kenya, Tanzania, Nigeria, Malawi, Zimbabwe, Ghana, and the Democratic Republic of Congo.

Founded in 1980 in Sri Lanka, LOLC entered the African continent in 2018. Verdant Capital Hybrid Fund is the first external investor in LOLC Africa’s operations, reflecting the Fund’s catalytic investment approach. These investments are driving the expansion of LOLC Africa’s micro, small and medium enterprises (MSMEs) financing footprint across the continent. Additionally, the Fund’s Technical Assistance Facility (TAF), has offered financial support for LOLC Africa’s Social Ratings and Client Protection Pre-Certifications for its subsidiaries in Zambia and Egypt, with further Technical Assistance initiatives in the pipeline.

LOLC is recognised as one of the top-performing global microfinance groups, and the Fund’s investment aligns with its strategy of picking the top performers in each theme or category. LOLC’s business model focuses on the “bottom of the pyramid”, increasing access to MSME financing and customer deposits, thereby advancing it financial inclusion objectives.

The Fund’s investment will provide LOLC Africa with more funding to support and expand the lending activities of its existing subsidiaries in Africa, primarily targeting MSMEs. Furthermore, the investment will strengthen the capital bases of the existing and potentially new subsidiaries in Africa. LOLC’s expansion of the MSME lending model is not only about pursuing its commercial ambition but is also a commitment to sustainable and socially responsible growth. By extending tangible benefits to those communities at the bottom-of-the-pyramid, LOLC Africa promotes financial inclusion, job creation, income generation, and overall economic growth.

This investment represents a diversified exposure to multiple African markets as LOLC continues to scale its operations. The Fund’s investment is also yielding a return aligned with the Fund’s return target, reinforcing the value of supporting high-impact financial inclusion initiatives in emerging markets.

Suits & Advisors (“S&A”) acted as an advisor to LOLC on this transaction.

Distributed by APO Group on behalf of Verdant Capital

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Ghana’s Downstream Regulator Joins Accra Investor Briefing to Advance Value Chain

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The Accra Investor Briefing will share insights into Ghana’s petroleum industry ahead of the African Energy Week: Invest in African Energies conference this September

ACCRA, Ghana, April 7, 2025/APO Group/ –With a goal to increase the share of liquefied petroleum gas (LPG) to 50% of the market by 2030, Ghana’s downstream regulator the National Petroleum Authority (NPA) is promoting private-led investment across the petroleum value chain. Strengthened policies and technology-driven strategies are already bolstering downstream productivity, but the NPA is seeking greater investment to strengthen fuel security and distribution across West Africa.

During the Invest in African Energies: Accra Investor Briefing on April 14, 2025, taking place at the Kempinski Hotel, the NPA’s CEO Godwin Kudzo Tameklo will outline strategies being implemented by the authority to strengthen the downstream value chain in Ghana. Tameklo is expected to highlight ongoing efforts to attract investment in downstream projects, while sharing an update on the country’s developments such as the Integrated Petroleum Hub, LPG expansion and broader infrastructure advancements.

As the downstream regulator, the NPA manages the importation and refining of crude in Ghana as well as the sale, marketing and distribution of refined petroleum products across the country. The NPA works to position the downstream sector as both a major contributor to domestic product growth and catalyst for long-term economic growth in Ghana. By leveraging technology and growth-centered policy, the NPA has led the growth of Ghana’s downstream industry.

With increased investment, Ghana stands to play a major part in enhancing fuel security across the broader West African region

In April 2024, the country witnessed a 15.4% growth in petroleum consumption, reaching 1,641 kilotons compared to 2023, as well as a 9% rise in gasoline consumption, reaching 588.5 kilotons. In 2024, LPG consumption also witnessed a surge, rising 7.25% throughout the year to reach 340 million liters. An increase in the adoption of LPG was largely attributed to the promotion of the Cylinder Recirculation Model by the NPA – a distribution system implemented in 2023 that allows residents and commercial consumers to utilize LPG through cylinder exchange. LPG adoption rose from 28.9% in 2010 to 60% in 2023, with LPG usage increasing from 18.2% in 2010 to 44.1% in 2023. Strategic LPG projects include the Puma Energy-owned LPG bottling plant in Tema – a $6 million facility with the capacity to deliver 1,200 cylinders per hour. A second plant is being developed by the Ghana Cylinder Manufacturing Company, with a capacity of 150 million cubic feet per day.

To further strengthen distribution, the NPA is leveraging innovative technology and policies that enhance efficiency and profitability across the downstream sector. These include the introduction of a new transparent automatic price adjustment formular, transitioning from an annual regulated pricing model; a zero-tolerance policy for toxic fuel and an increase in low sulphur fuels; as well as technology-based mechanisms such as the petroleum marking scheme, bilk road vehicle tracking project, electronic cargo tracking system and enterprise relational database management software. These mechanisms support efficient monitoring and ensure optimized quality and quantity of petroleum products in Ghana.

Beyond domestic petroleum distribution, Ghana is strengthening regional exports. In 2024, the NPA signed an agreement with Senegal and The Gambia to enhance petroleum product exports. Ghana already exports petroleum to regional neighboring, including Mali, Niger, Burkina Faso, Ivory Coast and Togo. According to the NPA, the volume of petroleum exports to regional countries from Ghana amounted to 385,154,100 liters. Over 5,000 service providers are registered in Ghana, delivering over four million metric tons of petroleum products annually.

“Ghana is a strong example of the role natural gas and associated LPG production plays in Africa. Through targeted policies, technology-driven mechanisms and a commitment to low-cost, reliable fuels, the NPA is leading the charge towards a more sustainable future in West Africa. With increased investment, Ghana stands to play a major part in enhancing fuel security across the broader West African region,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

Distributed by APO Group on behalf of African Energy Chamber

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APO Group Revolutionises Press Release Distribution by Integrating Telegram, Boosting Mobile Accessibility Across Africa

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APO Group is committed to ensuring that Africa’s stories are shared even more widely and in a manner that is convenient to the continent’s growing mobile population of journalists and news consumer

JOHANNESBURG, South Africa, April 7, 2025/APO Group/ –APO Group (www.APO-opa.com), the award-winning pan-African communications consultancy and press release distribution service, is pleased to announce the integration of Telegram, the popular mobile instant messaging service, into its press release distribution channels. This exciting new development, which sees the company’s press releases available on the mobile app, further cements APO Group’s position as Africa’s premier digital PR and communications firm, with unmatched reach and engagement in the online space.

With an annual dissemination rate of over 10,000 press releases to more than 250 news websites and 450,000 journalists and bloggers across the continent and globally, APO Group is committed to ensuring that Africa’s stories are shared even more widely and in a manner that is convenient to the continent’s growing mobile population of journalists and news consumers.

Telegram gives these users direct access to the press releases published on APO Group’s www.Africa-Newsroom.com platform, enabling them to instantly share relevant real-time updates and exclusive content with their target audiences. Like the web platform, Telegram subscribers can choose their preferred language channel – English, Arabic, French, or Portuguese – providing bespoke, tailored access to APO Group’s press releases in mobile format.

With close to 53 million downloads (https://apo-opa.co/3FWfLWh) in Europe, the Middle East, and Africa in 2024, Telegram has rapidly gained traction amongst the region’s users, fundamentally transforming how news is consumed. Incorporating Telegram into its already comprehensive press release distribution channels supports APO Group’s vision of delivering state-of-the-art communications solutions for Africa and the world.

“At APO Group, we’re not only committed to sharing positive and compelling narratives about the African continent; we also want to make it as easy as possible for journalists to republish our content, enhancing exposure for our clients through a channel that is widely accessible and easy to use, with an unlimited audience size. Tailored functionality ensures that information is relevant, topical, and presented in a user-friendly manner,” explained APO Group CEO Bas Wijne.

Innovation and digitalisation are key focus areas for us at APO Group when it comes to enhancing our press release distribution services

“Innovation and digitalisation are key focus areas for us at APO Group when it comes to enhancing our press release distribution services. Telegram presents us with a unique opportunity to further enrich our advanced distribution service, offering journalists a wider range of options to access and share Africa’s stories. This aligns with how the market is evolving, how users are evolving, and how the mobile market is growing.”

In addition to its comprehensive online Africa Newsroom press release distribution platform and the newly launched Telegram mobile news-sharing channel, APO Group is working to provide additional innovative mobile solutions to its clients and the African media in the near future, broadening distribution options even further.

Subscribe to APO Group’s Africa Newsroom Telegram channels using the following links:

English: https://t.me/Africa_Newsroom

French: https://t.me/Africa_Newsroom_FR

Arabic: https://t.me/Africa_Newsroom_AR

Portuguese: https://t.me/Africa_Newsroom_PT

Distributed by APO Group on behalf of APO Group

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