Latest news with #Nasdaq-traded
IOL News
01-08-2025
- Business
- IOL News
Land Grabs Threaten Peace in Somaliland
Local pastoralists raising sheep at the Wajaale Plains. Image: Supplied Recently, the new Somaliland administration has signed a $100 million agriculture project agreement to boost agriculture and food security with US based African Food Security (AFS) at QolCadey Plains, outskirts of Hargeisa, Somaliland's capital, despite the shady AFS Agricultural project deals in Senegal that went sour. The local farmers and pastoralists communities are against the plan because of lack of consultation, but the government is planning to go ahead with the project. Also, the Somaliland government has given permission for the Pharo Foundation, a non-profit NGO based in Nairobi to acquire a whopping 10,000 hectares of the fertile land of the Wajaale Plains in the Gabiley District in western Somaliland, against the will and without the consent of the local people or consideration for the impact on the livelihood of the communal farmers. This blatant disregard for the input of the local people and communal farmers would only exacerbate the already tense relationship between Gabiley communities and the Somaliland administration regarding agricultural land and also minerals and gold. Two weeks ago, two people died after the police fired upon people demonstrating against a Chinese funded mining company for precious and rare metals in clashes with the indigenous people in Agabar Township. This is another example of how big investors using NGOs or rich countries are acquiring indigenous farming land under the guise of agricultural development. For example, the Nasdaq-traded agribusiness company, African Agriculture took over a staggering 2.9 million hectares of farming land across Mauritania, Niger, and Senegal. In 2024, the company was delisted from Nasdaq when its shares fell below the $1 minimum value threshold. Now, the Senegalese farmers are still fighting to get their land back. The Pharo Foundation and AFS fuel land grabs for commercial farming. Pharo Foundation is saying that they would invest $21 million to develop the Wajaale Plains. They are promising to build clinics, schools and medical supplies for the local hospital in the Gabiley District. But the Wajaale Plains smallholder farmers are upset and furious about the whole deal. They have serious concerns about the manner and how the purported Pharo agricultural investment was forced upon them. Because of that they stood up to stop the proposed project. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ In 1962, the first Somali government under guidance and advice from Soviet Union experts and without the consent of the local farmers or and studies on environmental impact on the land, bulldozed the plains to make room for a hoax project to grow wheat for a pasta factory. The project failed because of a lack of sustainability and thoughtful planning. When Somaliland people restored their independence on May 18, 1991, after a brutal war, the local people finally took back their God-given land. But in early 1997, under a gentleman's agreement between the second Somaliland administration and the local elders, in good faith, the elders lent part of the Wajaale Plains to the military as a temporary relief program to grow corn to supplement their income, until the Somaliland government received enough budget support to pay its soldiers. Yet up to now not only is the military still there, but they are also selling the local farmers ' pasture to feed their livestock for money. A pasture that generations of Wajaale farmers used for free, like the oxygen we breathe. Farms at Wajaale Plains. Image: Supplied The Somaliland government and the Pharo Foundation should know that the Wajaale Plains belong exclusively to the local people under customary laws—who had been living there and cultivating the land for centuries before the successive Somali governments took over their land by force under the pretext of the hoax Wajaale project. We should also not let any NGO or related dubious investors take our land under the guise of investment or development. There are dangers associated with the Pharo Foundation and AFS investment scam targeting farmers, their land, and our own security. Some investors, NGOs, and rich countries prey on countries where governance and the rule of law are weak and corruption is rife. These are places where corrupt, unscrupulous government ministers are willing to sell indigenous land for little money regardless of the outcome of their actions. Instead, we should help and strengthen our communal farmers, make them into cooperative farming units that are more productive and resilient. For instance, a local community leader and farmer named Sheik Muhumad, with little support from the central government, in the 1960s, organized a successful and productive cooperative farming community comprising over 2,000 farmers. They grew citrus fruits, vegetables, corn, Sorghum, and other agricultural crops. They even exported their agricultural products to Djibouti, a similar venture should be replicated. The government's role should be to help farmers buy subsidised crop protection, farm machinery, fertilisers, irrigation (drip irrigation), and pumping stations. And more importantly the government should develop groundwater and marketing of their products to deliver them to the consumers. Please note that without developing water from underground aquifers, farming in the Wajaale Plains would depend on rain, which is sporadic nowadays because of climate change. Right now, we are not doing any of those things. We are one disaster away from another drought. We import most of our staple foods, vegetables and fruits. And now, giving the Pharo Foundation access to the Wajaale Plains as an investment is a mockery. Finally, the Somaliland leaders should take a cue from communal farmers' wishes! The Somaliland farmers are not against foreign investment to develop sustainable agriculture or mining to help with food security and fight the abject poverty. But they have serious concerns about the manner and how the purported Pharo agricultural investment was forced upon them. There is no transparency from the government, Pharo Foundation, AFS, and no input from stakeholders—the Wajaale Plains farmers. That has to change.
Yahoo
24-06-2025
- Business
- Yahoo
A Nasdaq-Listed Stock Surges More Than 100% After Unveiling $1 Billion BNB Token Buying Plan
Nano Labs (NA), a Nasdaq-listed designer of high-throughput computing chips, has struck a private agreement to sell $500 million in convertible notes that mature in 360 days to buy Binance's BNB BNB token for its balance sheet. The unsecured notes will carry no coupon and can be swapped at any time for the company's Nasdaq-traded Class A shares at an initial price of $20. If investors hold to term, Nano Labs must repay the principal in full. The firm said in a press release that the raise is the first step in a treasury program built around Binance's BNB. The company intends to buy as much as $1 billion in BNB through note sales and other private placements, with a long-term goal of owning 5%–10% of the token's circulating supply. BNB's total market capitalization currently stands at $90.3 billion. Nano Labs will evaluate BNB's security and value before making the move. The firm pointed out that the agreement isn't yet closed. Nano Labs' shares surged more than 100% since the announcement was made to now trade at $22. Its press release comes shortly after a group of former hedge fund executives revealed plans to raise $100 million to buy BNB through a Nasdaq-listed shell company. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-04-2025
- Business
- Yahoo
LED Lighting and EV Charging Solutions Provider Orion Appoints Board Member Sally Washlow as CEO; Confirms FY'25 Revenue Guidance
MANITOWOC, Wis., April 14, 2025 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (Nasdaq: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced that Orion's Board of Directors has appointed Orion Board member Sally A. Washlow as the Company's Chief Executive Officer, replacing Michael H. Jenkins, who is leaving the company. Additionally, the Board promoted Orion EVP and President of Orion Services Group, Scott Green, to the role of Chief Operating Officer. Orion also announced that it expects revenue near the midpoint of its $77M - $83M revenue outlook range for fiscal year ending March 31, 2025. Anthony Otten, Orion's Board Chair, commented, 'We thank Mike for his leadership and many contributions to our Company the past two and half years. However, our Board believes that new leadership is necessary to better focus the Company on executing Orion's revenue growth and cost containment initiatives and returning Orion to consistent profitability. We believe Sally has the right skill set, experience and public company knowledge to lead Orion to achieve those objectives and to return our stock price to an acceptable level.' Ms. Washlow, who joined Orion's Board in 2022, is an accomplished executive leader with over 25 years of experience driving business growth, operational excellence, and financial success. With a proven track record of leadership across multiple industries, she has demonstrated expertise in strategic planning, operational transformation, and sales and marketing leadership. Ms. Washlow said, 'There is more work to be done, but I firmly believe Orion's future is bright, with long-standing, strong positions in our complementary LED lighting, EV charging station and electrical maintenance businesses. We have a solid foundation upon which to drive revenue growth, enhance profitability, and become a positive cash flow generating company.' Mr. Green has nearly thirty years of lighting industry experience. He joined Orion in 2013 with the acquisition of Harris Lighting where he served in senior leadership roles. As COO, Mr. Green will be primarily responsible for Orion's sales and project management functions. Ms. Washlow previously served as President of Nasdaq-traded Cobra Electronics and was named CEO following its transition to private equity ownership as Cedar Electronics, with total revenue over $200M. There she successfully led the company through a strategic transaction and the integration of the Cobra and Escort electronics businesses. Earlier in her career, Ms. Washlow held leadership roles at Motorola and LG Electronics, where she gained extensive experience in supply chain management, product marketing, and sales. Most recently, she has served as a Practice Leader for LHH's International Center for Executive Options, a boutique provider of executive advisory services. She has served on a variety of public and private boards and currently serves on the board of Data IO and Northbrook Bank & Trust a subsidiary of Wintrust Financial. Ms. Washlow earned a BA in Supply Chain Management from Michigan State University and a Master of Business Administration in Marketing from DePaul University. About Orion Energy Systems ( provides energy efficiency and clean tech solutions, including LED lighting and controls, electrical vehicle (EV) charging solutions, and maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers as well as projects through ESCO and distribution partners, with a commitment to helping customers achieve their business and environmental goals with healthy, safe and sustainable solutions that reduce their carbon footprint and enhance business performance. Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our Sustainability and Governance priorities, goals and progress here or visit our website at Safe Harbor StatementCertain matters discussed in this press release, are 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'will,' 'would' or words of similar import. Similarly, statements that describe our future plans, objectives or goals, including business relationships with government customers, are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected including, but not limited to, the risks described in our filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at or at in the Investor Relations section of our Website. Except as required by applicable law, we assume no obligation to update any forward-looking statements publicly or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. Twitter: @OrionLighting and @OrionLightingIRStockTwits: @Orion_LED_IROrion Energy Systems, Inc. Investor Relations Contacts Anthony Otten, Board Chair William Jones; David Collins Orion Energy Systems, Inc. Catalyst IR alotten@ (212) 924-9800 or OESX@
Bahrain News Gazette
21-03-2025
- Business
- Bahrain News Gazette
eXp Realty Launches in Peru, Creating Unmatched Opportunities for Agents to Build Their Future
Peru becomes the 25th international location to embrace eXp Realty's fast-growing global network eXp Realty Launches in Peru, Creating Unmatched Opportunities for Agents to Build Their Future Peru becomes the 25th international location to embrace eXp Realty's fast-growing global network BELLINGHAM, Wash., March 21, 2025 (GLOBE NEWSWIRE) — eXp Realty ® , the world's largest independent real estate brokerage and a subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced its launch in Peru , its 25th international market, thereby strengthening its global presence and offering Peruvian real estate agents a groundbreaking path to success, wealth-building, and global collaboration. 'Our expansion into Peru is another bold step as we continue building the most agent-centric real estate brokerage on the planet ,' said Glenn Sanford, Founder, CEO, and Chairman of eXp World Holdings. 'Unlike traditional brokerages that limit agents' growth, eXp empowers them with a business model that rewards their success, fuels their professional development, and connects them to a thriving global community. Peruvian agents now have access to an unparalleled opportunity to scale their businesses and take full control of their careers.' Ricardo Alfaro, Country Leader for eXp Peru, highlighted the exceptional advantages eXp offers. 'Peruvian agents now have access to a brokerage model that is not only innovative but also life-changing. eXp Realty is not just another real estate company – it's a movement where agents truly thrive through collaboration, equity ownership, and global business-building opportunities.' Why Peruvian Agents Are Making the Switch to eXp Realty With its cloud-based model and proprietary collaboration platforms , eXp Realty gives Peruvian agents the competitive edge they need to succeed in today's evolving real estate landscape. Benefits include: Earn More, Keep More: Industry-leading commission splits and low caps to maximize agent earnings. Ownership in Your Future: Equity opportunities in a Nasdaq-traded company , allowing agents to build wealth beyond transactions. Limitless Growth Potential: A global referral network of nearly 83,000 agents to expand business opportunities beyond borders. World-Class Training and Support: Access to live coaching, mentorship, and business growth strategies from top-producing agents worldwide. Unmatched Flexibility and Freedom: Work from anywhere, scale a team without geographic restrictions , and market properties on a global scale. Peruvian agents who want to take their real estate careers to the next level can learn more about joining eXp Realty and unlocking the future of real estate by visiting: About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) (the 'Company') is the holding company for eXp Realty ® and SUCCESS ® Enterprises . eXp Realty is the largest independent real estate brokerage in the world, with nearly 83,000 agents across 25 international locations. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: SUCCESS ® Enterprises, anchored by SUCCESS ® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit . Safe Harbor and Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding international expansion, individual agent success, and the availability of equity ownership programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, the Company's ability to expand successfully in international markets, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law. Media Relations Contact : eXp World Holdings, Inc. [email protected] Investor Relations Contact: Denise Garcia, Managing Partner Hayflower Partners [email protected] A photo accompanying this announcement is available at GlobeNewswire Distribution ID 9398347
Yahoo
21-03-2025
- Business
- Yahoo
eXp Realty Launches in Peru, Creating Unmatched Opportunities for Agents to Build Their Future
Peru becomes the 25th international location to embrace eXp Realty's fast-growing global network eXp Realty Launches in Peru, Creating Unmatched Opportunities for Agents to Build Their Future BELLINGHAM, Wash., March 21, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, the world's largest independent real estate brokerage and a subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced its launch in Peru, its 25th international market, thereby strengthening its global presence and offering Peruvian real estate agents a groundbreaking path to success, wealth-building, and global collaboration. 'Our expansion into Peru is another bold step as we continue building the most agent-centric real estate brokerage on the planet,' said Glenn Sanford, Founder, CEO, and Chairman of eXp World Holdings. 'Unlike traditional brokerages that limit agents' growth, eXp empowers them with a business model that rewards their success, fuels their professional development, and connects them to a thriving global community. Peruvian agents now have access to an unparalleled opportunity to scale their businesses and take full control of their careers.' Ricardo Alfaro, Country Leader for eXp Peru, highlighted the exceptional advantages eXp offers. 'Peruvian agents now have access to a brokerage model that is not only innovative but also life-changing. eXp Realty is not just another real estate company – it's a movement where agents truly thrive through collaboration, equity ownership, and global business-building opportunities.' Why Peruvian Agents Are Making the Switch to eXp Realty With its cloud-based model and proprietary collaboration platforms, eXp Realty gives Peruvian agents the competitive edge they need to succeed in today's evolving real estate landscape. Benefits include: Earn More, Keep More: Industry-leading commission splits and low caps to maximize agent earnings. Ownership in Your Future: Equity opportunities in a Nasdaq-traded company, allowing agents to build wealth beyond transactions. Limitless Growth Potential: A global referral network of nearly 83,000 agents to expand business opportunities beyond borders. World-Class Training and Support: Access to live coaching, mentorship, and business growth strategies from top-producing agents worldwide. Unmatched Flexibility and Freedom: Work from anywhere, scale a team without geographic restrictions, and market properties on a global scale. Peruvian agents who want to take their real estate careers to the next level can learn more about joining eXp Realty and unlocking the future of real estate by visiting: About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) (the 'Company') is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with nearly 83,000 agents across 25 international locations. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: SUCCESS® Enterprises, anchored by SUCCESS® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit Safe Harbor and Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding international expansion, individual agent success, and the availability of equity ownership programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, the Company's ability to expand successfully in international markets, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law. Media Relations Contact:eXp World Holdings, Investor Relations Contact:Denise Garcia, Managing PartnerHayflower Partnersinvestors@ A photo accompanying this announcement is available at
