By joining this program, partners will gain access to Azentio’s comprehensive suite of ERP solutions, equipping them with the tools and resources needed to deliver exceptional value to their clients

SINGAPORE, Singapore, September 24, 2024/APO Group/ — 

Azentio Software (“Azentio”) (www.Azentio.com), a leading provider of enterprise software solutions, today announced the launch of the REACH partner program, an initiative designed to transform the organisations ERP ecosystem by offering firms unprecedented opportunities to become go-to-market partners within Azentio’s robust network.

The REACH partner program embodies Azentio’s commitment to fostering strong, collaborative relationships with industry leaders and driving innovation in the ERP landscape. By joining this program, partners will gain access to Azentio’s comprehensive suite of ERP solutions, equipping them with the tools and resources needed to deliver exceptional value to their clients.

We believe that by empowering our partners with our technology and support, we can collectively drive greater success and innovation in the ERP space

Key features of the REACH program include:

• Demand generation collaboration: REACH partners will benefit from co-branded marketing materials, lead generation campaigns, and joint sales initiatives, enabling them to create and capture demand effectively.
• Access to advanced technology: The program provides partners with the opportunity to offer their clients the full suite of Azentio’s SaaS powered ONEERP solutions, including financials, supply chain management, manufacturing, and distribution cloud verticals. This robust platform is engineered for scalability and flexibility, making it ideal for small and medium-sized enterprises (SMEs).
• Dedicated support and training: The REACH program includes ongoing partner enablement from a dedicated team of partner success managers (PSMs), ensuring partners are equipped to sell, onboard, and support Azentio ONEERP solutions effectively.
• Collaborative Innovation: Partners will have the opportunity to collaborate closely with Azentio’s team, contributing to the ongoing evolution of ERP software and shaping the future of the industry.

Amit Pant, ONEERP Channel Leader at Azentio, commented, “We are excited to launch the REACH partner program, a transformative initiative that represents a significant milestone for Azentio and our partners. Our vision with REACH is to create a dynamic ecosystem where consulting and implementation firms can seamlessly integrate our world-class ERP solutions into their offerings, enhancing their capabilities and expanding their market reach. This program will see Azentio building and empowering a vibrant network of partners who are as passionate about delivering exceptional ERP solutions as we are. We believe that by empowering our partners with our technology and support, we can collectively drive greater success and innovation in the ERP space.”

Distributed by APO Group on behalf of Azentio Software Private Limited.

The loan from the African Development Fund, the Bank Group’s concessional financing window, includes funding from the Transition Support Facility

ABIDJAN, Ivory Coast, September 23, 2024/APO Group/ — 

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $67.3 million to Madagascar on 20 September 2024 to implement the first phase of its economic growth-inducing Financial Management and Resilience Support Programme for 2024-2025.

The loan from the African Development Fund, the Bank Group’s concessional financing window, includes funding from the Transition Support Facility.

It is supporting the Malagasy authorities in implementing the priority reforms of Madagascar’s General State Policy (PGE) 2024-2028 and New Energy Policy for 2015-2030

“The programme aims to contribute to the creation of favourable conditions for strong and inclusive economic growth by strengthening economic and financial governance, and improving economic resilience,” said Adam Amoumoun, manager of the African Development Bank’s Country Office in Madagascar.

“It is supporting the Malagasy authorities in implementing the priority reforms of Madagascar’s General State Policy (PGE) 2024-2028 and New Energy Policy for 2015-2030. It will help remedy the investment deficit by increasing the budget, through releasing additional resources for economic recovery, while improving governance in the energy sector,” he explained.

The programme plans to support the roll-out of the Integrated Tax Administration System (SAFI) to modernize tax management, computerize tax operations, facilitate local revenue collection and taxpayer management, and combat tax fraud. It will also support the creation of a national register of beneficial owners of legal entities and legal structures, to identify people controlling businesses and facilitate investigations in case of corruption.

In terms of improving governance in the energy sector, the programme plans to support the action plan established by the JIRAMA (Madagascar’s public corporation for electricity and water services) and improve its short-term technical and financial performance to reduce the need for state support.

As a priority, the programme will support the people of Madagascar, by creating a better regulatory framework for promoting investments and the development of public-private partnership (PPP) projects and better sectoral governance, specifically in energy. This will help improve the business environment and attract investments to sectors that create jobs.

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

SPMS has ambitions to expand further and will utilise Vantage Capital’s investment to finance its development strategy and triple its cultivated area to 300+ hectares

AGADIR, Morocco, September 23, 2024/APO Group/ — 

Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine fund manager, announced today that it closed a €14 million mezzanine investment in Société de Production Maraîchère Samir S.A. (“SPMS”) to part-fund the company’s investment programme.

SPMS was founded by Mr. Samir Jbali and Mr. Samir Belhouari, two Moroccan agronomists with a shared entrepreneurial vision, and the company has since grown into a leading agricultural player. Headquartered in Agadir, Morocco, it has specialised in cherry tomato production since 1992 and then expanded into red fruits (raspberries, blueberries and blackberries) in 2014 through a partnership with the US-based group Driscoll’s, a leading global seller of fresh berries. The company currently manages a planted area of 101 hectares and employs over 2,000 people, mostly farm workers that it trains in modern agricultural practices.

SPMS is a high-performing grower, achieving some of the highest yields in the region. It is constantly seeking new berry varieties and optimising processes to enhance product quality and yield, while minimising its environmental impact. This includes the use of dual-irrigation systems and desalinated water for farming to address water scarcity issues, digital solutions to monitor temperature, humidity and other parameters in its greenhouses, and following best-in-class prevention measures against biological threats. SPMS’s commitment to supporting local communities is seen through its vibrant Corporate Social Responsibility programme. In addition to providing employment and training opportunities, the company actively undertakes various initiatives to uplift the surrounding villages, such as supplying drinking water or rehabilitating local schools.

SPMS has ambitions to expand further and will utilise Vantage Capital’s investment to finance its development strategy and triple its cultivated area to 300+ hectares.

Investing in SPMS reflects our confidence in management’s strategic vision and operational excellence within the agricultural industry

Mr. Samir Jbali, CEO of SPMS, commented, “We are very pleased to have the support of Vantage Capital. This transaction marks a significant milestone for our company and will enable us to execute our long-term strategic vision of expanding our market presence.”

Mr. Luc Albinski, Executive Chairman at Vantage Capital, added, “We are proud to support SPMS in its next phase of growth. The agricultural sector is very dynamic in Morocco and SPMS has consistently demonstrated strong leadership. This transaction represents our fourth deal in the country, and we are thrilled to provide a tailored mezzanine solution to this fast-growing management-owned business.”

Mr. Driss Benabdeslam, Partner at Vantage Capital, concluded, “Investing in SPMS reflects our confidence in management’s strategic vision and operational excellence within the agricultural industry. We welcome the opportunity to partner with a company that continues to innovate and lead in the cultivation of high-quality produce. We are confident that this transaction will unlock significant value for all stakeholders.”

This transaction represents Vantage Capital’s 38^th investment across four generations of funds with its portfolio of investments spread across eleven African countries. 

Vantage Capital was advised by Clifford Chance (in Morocco) who acted as its legal counsel. Deloitte (in Morocco) and Backer McKenzie (in Luxembourg) provided tax advice, Deloitte (in Morocco) was the financial advisor, Emerton (in France) provided commercial advice, and Ibis Consulting (in Morocco) reviewed the environmental impact.

SPMS was advised by Mouttaki & Partners (in Morocco) who acted as their legal counsel and Majorelle Capital (in Morocco) who acted as financial advisor.

Distributed by APO Group on behalf of Vantage Capital Group.