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Driven by responsibility and innovation, China’s Zhejiang University leverages academic prowess to promote SDGs

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HANGZHOU, CHINA – Media OutReach Newswire – 23 January 2024 – Every winter, Davos, a small Swiss town clad in snow and ice, awaits elite representatives from all walks of life worldwide. They gather in the well-known resort for the annual meeting of the World Economic Forum, where the latest economic trends and solutions to global challenges would be discussed.

Zhejiang University released its first-ever SDG report during the annual meeting of the WEF

As the center of knowledge production, the cradle of talent training and the source of innovation, the academia is an important force in the WEF.

From Jan. 15 to 17, leaders from top universities and research institutions around the world met for the Global University Leaders Forum (GULF), a community to address educational, scientific and research agendas to support WEF’s mission of improving the state of the world.

How universities and the private sector can work together to address major global challenges in sustainable development is the theme at the GULF 2024, and for Prof. Jiangfeng DU, President of Zhejiang University and Chair of the Association of University Presidents of China (AUPC), this is an effort that the university he is leading has relentlessly committed to.

According to The Sustainable Development Goals Report 2023 released last July by the United Nations, half of the SDGs were moderately or severely off target, and more than 30 percent of the goals have made no progress or even retreated. There is much to be done to further upgrade research and action to drive sustainable development policies and practices, and Zhejiang University in east China is one of the pioneers.

During the annual meeting of the WEF, Zhejiang University released the Zhejiang University Sustainable Development Goals Report 2023, which is the first time for this renowned Chinese university with more than 120 years of history to introduce its sustainable development policies and practices in an open report.

The report shows the efforts and contributions made by faculty members and students of Zhejiang University in 17 SDGs in 2023.

In 2023, the University held an advanced seminar on anti-poverty issues in developing countries, sharing innovative and effective practices in absolute poverty eradication, rural revitalization and new-type urbanization with officials from 13 countries including Sri Lanka and Uzbekistan.

Last year, Prof. Baojing GU from Zhejiang University won the inaugural Frontiers Planet Prize for his research contribution to mitigating PM2.5 air pollution. Gu is one of the prize’s four recipients and the only Chinese scientist. Meanwhile, Xuehong ZHAO, deputy director of the Nursing Department at the First Affiliated Hospital of Zhejiang University’s School of Medicine, won the Florence Nightingale Medal for the year. This is the honor that nursing staff in Zhejiang Province have received again after a gap of 14 years, and she is also the first nursing staff at Zhejiang University to claim this honor.

Zhejiang University, together with Cambridge University, National University of Singapore, Kyoto University and other universities at home and abroad, has established a number of international alliances focusing on sustainable development, such as the International Digital Equality Alliance and the Sustainable Smart Livable Cities Alliance.

On November 14, 2023, Zhejiang University played host to the third Sino-German Sustainable Development Forum in Berlin, Germany. Featuring in-depth discussions encompassing critical themes such as climate change and governance, technology and sustainability, global health and well-being, the forum sought to explore effective pathways for Sino-German cooperation in promoting sustainable development.

Besides 2023, Zhejiang University have been making contributions to global sustainable development for a long time, with remarkable achievements made in fields like scientific research, talent training and open development.

Sustainable development is a key field of scientific research in Zhejiang University. Over the past five years, Zhejiang University faculty published over 82,500 academic papers covering 17 SDG project areas, with specifically abundant output in SDG3 (Good Health and Well-being), SDG11 (Sustainable Cities and Communities), SDG7 (Affordable and Clean Energy).

In order to cultivate more talents in the field of sustainable development for China and the world, Zhejiang University has strengthened its education in related disciplines, and also held the SDG Global Summer School for two consecutive years.

Focusing on key modules such as carbon neutrality, inclusive development, smart city, data visualization and networked autonomous systems, the summer school attracted the participation of more than 2,000 outstanding young students from over 420 universities in 80-plus countries and regions.

Zhejiang University has also become an active advocate for the sustainable development of university services. In 2021, Zhejiang University rolled out its sustainability action plan–A Global ZJU for Social Good, and launched the Joint Statement of Global University Leaders on the 2030 Agenda for Sustainable Development.

So far, the initiative has received positive responses from over 60 universities from 31 countries and regions, including Harvard University, Yale University, University College London, University of Sydney, University of Toronto, Peking University and other universities from six continents, and many of them have also participated in the GULF.

Among the plethora of sustainable development issues facing the world, global warming is one of the prominent challenges, which directly relates to whether Davos will still be such a snowy fairy-tale place in winter in the near future.

In the past decade, Zhejiang University has generated more than 10,000 research papers related with net-zero emissions, ranking among the best in terms of global academic output. It has established the Institute for Carbon Neutrality, which seeks to build a high-level carbon neutrality sci-tech talent center and a high-tech innovation highland via interdisciplinary integration and collaborative innovation.

“Higher education institutions, as the bank of talent and hub of scientific research, play an essential role in addressing the pressing challenges brought by climate change. Zhejiang University has actively answered the call of the 2030 Agenda for Sustainable Development and the Global Development Initiative, and will continue working with its global partners to address the urgent challenges facing the world,” Du said.

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African Development Bank and Bank of Africa Tanzania sign $7.5 million facility to boost trade finance

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The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector

DAR ES SALAAM, Tanzania, April 7, 2025/APO Group/ –The African Development Bank (www.AfDB.org) and the Bank of Africa Tanzania (BOAT) have signed a $7.5 million trade finance transaction guarantee facility to boost trade finance activities of the Bank of Africa in Tanzania.

Under this facility, the African Development Bank will provide a guarantee of up to 100% to confirming banks against non-payment risks arising from letters of credit and similar trade finance instruments issued by the Bank of Africa Tanzania. The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector. The facility aligns with efforts to bolster intra-Africa trade, contributing directly to the objectives of the African Continental Free Trade Area (AfCFTA) (https://AU-AfCFTA.org/).

This partnership strengthens our ability to support businesses across various sectors by providing seamless trade finance solutions

Speaking at the signing event on March 10, 2025, in Dar es Salaam, the Bank’s Country Manager for Tanzania, Patricia Laverley, stressed the importance of the facility in addressing Tanzania’s trade finance needs, saying that given the country’s import requirements, it will aid priority sectors such as trade, agriculture, manufacturing, and energy. “This facility will support trade by enabling BOAT to play a more strategic role in the regional and international market.”

Representing BOAT’s management, Deputy Managing Director Hamza Cherkaoui lauded the strong partnership with the African Development Bank, emphasizing its role in expanding trade finance capabilities across the continent. “This partnership strengthens our ability to support businesses across various sectors by providing seamless trade finance solutions, expanding our confirmation network, and enabling access to top-tier confirming banks,” he said.

The new Trade Guarantee facility aligns with Bank of Africa Tanzania’s strategic priorities and the African Development Bank’s broader objectives, including promoting regional integration, increasing food security, and industrializing Africa. It also supports Tanzania’s Country Strategy paper 2021-2025, which focuses on enhancing the private sector business environment for job creation. It also aligns with the country’s development vision (Vision 2025), which aims to build a strong and resilient economy capable of competing globally.

The signing of the agreement marks a significant milestone in the African Development Bank Group’s direct engagement with Tanzania’s private sector, reinforcing its commitment to strengthening the country’s financial sector and economic development.

Distributed by APO Group on behalf of African Development Bank Group (AfDB

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PAC Capital Limited Named Best Transaction Advisory Firm in Nigeria at the Grand Annual Awards Ceremony 2025

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As part of the PanAfrican Capital Holdings Group, PAC Capital continues to expand its footprint across Africa and globally, with a focus on impact-driven transactions that promote sustainable economic growth

LAGOS, Nigeria, April 7, 2025/APO Group/ –PAC Capital Limited (www.PACCapitalLtd.com), a leading investment banking and advisory firm, is proud to announce its recognition as the Best Transaction Advisory Firm – Nigeria 2025 by the International Business Magazine Awards!

The award celebrates PAC Capital’s consistent track record in structuring and executing high-impact transactions across various sectors, including infrastructure, energy, transport, and financial services. This international recognition highlights the firm’s commitment to excellence, innovation, and delivering value-driven advisory services.

At PAC Capital, we are committed to delivering transformative financial solutions that not only meet but exceed expectations

Humphrey Oriakhi, Managing Director of PAC Capital, expressed his pride and appreciation for the recognition:

“This award is a strong validation of our efforts to lead with insight, integrity, and innovation in the transaction advisory space. We are truly honored to be acknowledged on a global platform. I dedicate this achievement to our clients who trust us with their most strategic decisions and to our team whose dedication fuels our success.”

Bolarinwa Sanni, Executive Director of PAC Capital, emphasized the importance of collaboration and resilience in the firm’s journey:

“Winning this award reflects the strength of our advisory team and the boldness of the clients we serve. At PAC Capital, we are committed to delivering transformative financial solutions that not only meet but exceed expectations. This recognition inspires us to keep pushing boundaries and shaping Africa’s investment landscape.”

As part of the PanAfrican Capital Holdings Group, PAC Capital continues to expand its footprint across Africa and globally, with a focus on impact-driven transactions that promote sustainable economic growth.

Distributed by APO Group on behalf of PAC Capital Limited

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Intra-African Trade, Investment and Liquefied Petroleum Gas (LPG) can Address Africa’s $15B Infrastructure Gap

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Speaking at ARDA Week 2025, the African Energy Chamber underscored the need for aligned policies to advance downstream oil and gas projects in Africa

CAPE TOWN, South Africa, April 7, 2025/APO Group/ –NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC)  (www.EnergyChamber.org), has called for greater utilization of African financial solutions to address the continent’s $15.7 billion infrastructure deficit. With these sources of capital, the continent stands to maximize the production, processing and distribution of local oil and gas resources amid efforts to make energy poverty history by 2030.

Speaking during an event organized by the African Refiners & Distributors Association (ARDA) in Cape Town this week, Ayuk proposed tapping into the $400 billion available through Africa’s pension funds to support oil and gas projects. With this capital, Africa can advance key infrastructure projects, such as pipelines, refining facilities and power generation, ensuring enhanced intra-Africa energy trade to address energy poverty. With over 600 million Africans living without access to modern energy and 900 million people living without access to clean cooking solutions, securing greater investment is key.

As such, Ayuk called for greater regulatory reform in Africa, citing the need to advance intra-African trade through the ease of movement of products and industry stakeholders, while ensuring infrastructure sharing across the continent. He pointed out that the greatest obstacle to realizing an ‘Africa-First Vision’ is not external challenges, but rather internal, owing to outdated and restrictive regulations that hinder trade and the free movement of people across borders.

Our competition should be with international markets

“How can we move commodities across the continent yet we struggle to move people?” stated Ayuk, advocating for improved visa and immigration policies to facilitate mobility for industry stakeholders and citizens.

Ayuk also called for African policymakers to address high intra-African taxes that hinder trade, while encouraging greater collaboration between African energy markets. By addressing key challenges to trade, including lack of shared infrastructure and funding, Ayuk highlighted that the continent can achieve its downstream goals. A strategy for this is collaboration. Rather than competing against one another for limited capital, Africa can pool its resources to create an integrated value chain across the continent.

“We shouldn’t compete for capital amongst ourselves,” he said. “Our competition should be with international markets.”

Besides increasing investment in downstream infrastructure and revamping policies, Ayuk highlighted that achieving the ‘Africa First Vision’ requires fully utilizing every drop of oil and gas available on the continent to power Africa’s development. He emphasized the crucial role LPG and LNG will play in advancing access to clean cooking as well as the role of natural gas in providing baseload power for the foreseeable future.

In closing, Ayuk applauded ARDA for promoting investment in African oil and gas, despite challenges posed by the energy transition. Centered around the theme Africa First: Delivering Our Energy Future, the event sought to chart a course for energy security and industrial development through increased investments across the downstream sector across the continent.

Distributed by APO Group on behalf of African Energy Chamber

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