Latest news with #RCAP
Business Wire
a day ago
- Business
- Business Wire
Rural Community Assistance Partnership Incorporated Awarded $150,000 Grant from Global Water Challenge to Strengthen Rural Water Leadership and Resilience
WASHINGTON--(BUSINESS WIRE)--The Rural Community Assistance Partnership Incorporated (RCAP) has been awarded $150,000 from Global Water Challenge (GWC). The funding will expand efforts to build leadership capacity in underserved rural communities by supporting participation in the Water Leadership Institute's workshops and eliminating financial and logistical barriers that may prevent individuals from participating. 'Global Water Challenge is committed to removing barriers to last-mile clean water access in the United States and across the world," said Monica Ellis, CEO of Global Water Challenge. 'Cultivating and quipping local champions with the skills to serve their communities with clean water access is a key strategy for reaching those at the last mile.' GWC's funding will enable individuals from disadvantaged rural communities to attend a series of leadership workshops focused on strengthening water system governance, operations and community engagement. Participants who complete at least 75% of the sessions will receive a direct financial stipend upon graduation of the Institute, easing the financial and logistical barriers that may otherwise prevent participation of these sessions. Participants will take the knowledge and experience they achieved from participation in the Water Leadership Institute to strengthen the capacity of rural water systems within their own communities. GWC and RCAP anticipate that up to 50 rural communities will be positively reached with improved capacity from this support. 'This initiative directly invests in the people, the human capital, who are on the front lines of ensuring clean and safe water in their communities,' said Olga Morales-Pate, CEO of RCAP. 'Removing barriers to participation and prioritizing local, emerging leaders bolsters our mission to ensure long-term solutions for rural water challenges and improves the quality of life of rural community residents.' Funding for this program was made possible through the generosity of the Kohler Clean Water Trust, who selected GWC to manage programming, including this key initiative with RCAP, that will drive last-mile water access in high-need American communities. To learn more about RCAP's mission and impact, visit To learn more about GWC, visit About Rural Community Assistance Partnership Incorporated (RCAP) The Rural Community Assistance Partnership Incorporated (RCAP) is a national network of nonprofit partners working to provide technical assistance, training, resources and support to rural communities across every state, the U.S. territories and Tribal lands. Through RCAP's regional partners, more than 350 technical assistance providers (TAPs) build long-term capacity through trusted relationships with thousands of communities across the country. About Global Water Challenge (GWC) Global Water Challenge (GWC) is a sector leader in mobilizing clean water access, advancing water security and community empowerment in high need regions around the world. Since 2005, GWC has positively impacted more than three million people across Africa, the Americas and Asia with improved WASH delivery while providing critical tools, data and best practices to reach millions more. With our 100+ multi-sector partners, GWC engages for action – catalyzing financial resources and driving innovative programming for sustainable, local solutions. For more information, please visit About Water Leadership Institute (WLI) The WLI aims to build capacity and leadership skills in rural communities so members can effectively engage in broader water discussions and decision-making that could have a direct impact on their lives and communities. The purpose of the WLI is to develop volunteer leaders, connect them to each other and to regional resources, and to forge strong relationships that support community interests. The WLI ultimately aims to empower communities to be self-sufficient and sustainable. RCAP and its western regional partner Rural Community Assistance Corporation (RCAC) began the first Leadership Institute in 2004. In 2013, the first Water Leadership Institute was held as a partnership program between RCAC, Self-Help Enterprises, and Environmental Defense Fund. It has since grown and evolved, with an average of two to four cohorts per year, and over 60 communities served across the rural west.
Yahoo
a day ago
- Business
- Yahoo
Rural Community Assistance Partnership Incorporated Awarded $150,000 Grant from Global Water Challenge to Strengthen Rural Water Leadership and Resilience
Funding supports workshop initiative in underserved communities nationwide to expand local capacity building WASHINGTON, June 09, 2025--(BUSINESS WIRE)--The Rural Community Assistance Partnership Incorporated (RCAP) has been awarded $150,000 from Global Water Challenge (GWC). The funding will expand efforts to build leadership capacity in underserved rural communities by supporting participation in the Water Leadership Institute's workshops and eliminating financial and logistical barriers that may prevent individuals from participating. "Global Water Challenge is committed to removing barriers to last-mile clean water access in the United States and across the world," said Monica Ellis, CEO of Global Water Challenge. "Cultivating and quipping local champions with the skills to serve their communities with clean water access is a key strategy for reaching those at the last mile." GWC's funding will enable individuals from disadvantaged rural communities to attend a series of leadership workshops focused on strengthening water system governance, operations and community engagement. Participants who complete at least 75% of the sessions will receive a direct financial stipend upon graduation of the Institute, easing the financial and logistical barriers that may otherwise prevent participation of these sessions. Participants will take the knowledge and experience they achieved from participation in the Water Leadership Institute to strengthen the capacity of rural water systems within their own communities. GWC and RCAP anticipate that up to 50 rural communities will be positively reached with improved capacity from this support. "This initiative directly invests in the people, the human capital, who are on the front lines of ensuring clean and safe water in their communities," said Olga Morales-Pate, CEO of RCAP. "Removing barriers to participation and prioritizing local, emerging leaders bolsters our mission to ensure long-term solutions for rural water challenges and improves the quality of life of rural community residents." Funding for this program was made possible through the generosity of the Kohler Clean Water Trust, who selected GWC to manage programming, including this key initiative with RCAP, that will drive last-mile water access in high-need American communities. To learn more about RCAP's mission and impact, visit To learn more about GWC, visit About Rural Community Assistance Partnership Incorporated (RCAP) The Rural Community Assistance Partnership Incorporated (RCAP) is a national network of nonprofit partners working to provide technical assistance, training, resources and support to rural communities across every state, the U.S. territories and Tribal lands. Through RCAP's regional partners, more than 350 technical assistance providers (TAPs) build long-term capacity through trusted relationships with thousands of communities across the country. About Global Water Challenge (GWC) Global Water Challenge (GWC) is a sector leader in mobilizing clean water access, advancing water security and community empowerment in high need regions around the world. Since 2005, GWC has positively impacted more than three million people across Africa, the Americas and Asia with improved WASH delivery while providing critical tools, data and best practices to reach millions more. With our 100+ multi-sector partners, GWC engages for action – catalyzing financial resources and driving innovative programming for sustainable, local solutions. For more information, please visit About Water Leadership Institute (WLI) The WLI aims to build capacity and leadership skills in rural communities so members can effectively engage in broader water discussions and decision-making that could have a direct impact on their lives and communities. The purpose of the WLI is to develop volunteer leaders, connect them to each other and to regional resources, and to forge strong relationships that support community interests. The WLI ultimately aims to empower communities to be self-sufficient and sustainable. RCAP and its western regional partner Rural Community Assistance Corporation (RCAC) began the first Leadership Institute in 2004. In 2013, the first Water Leadership Institute was held as a partnership program between RCAC, Self-Help Enterprises, and Environmental Defense Fund. It has since grown and evolved, with an average of two to four cohorts per year, and over 60 communities served across the rural west. View source version on Contacts RCAP Contact: Coye GeraldCommunications Managercgerald@ GWC Contact: Helen McCarthyProject and Communications 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
Trade Arabia
19-03-2025
- Business
- Trade Arabia
IndusInd International completes $1.17bn Reliance Capital acquisition
IndusInd International Holdings (IIHL), which has a significant shareholding from the UAE out of the 600 plus globally dispersed Ultra HNWI stakeholders, today said it has completed the acquisition of Anil Ambani's Reliance Capital (RCAP) at $1.17 billion, strengthening its resolve for global expansion in the Banking, Financial Services and Insurance (BFSI) sector. In the UAE, IIHL's BFSI business includes IndusInd Bank. In a statement, IIHL said the acquisition of RCAP follows a three-year-long resolution process of the debt-ridden company. The acquisition also paves the way for targeting a valuation of $50 billion for IIHL by 2030, said Chairman Ashok Hinduja, adding that the company remains open to exploring global investment opportunities including in the GCC and MENA region. 'If the board recommends any such opportunity, definitely we will look at it; viability has to be there. There are many opportunities coming from Europe, Sri Lanka, and Indonesia. But, unless our investment banking team is comfortable, we will not go ahead,' he said. He said the transaction relating to the acquisition from the IIHL side is over and the 'journey for value creation would now begin,' adding that the value of RCAP's insurance business on a conservative basis would be $2.34 billion. "Now, with this acquisition, we are entering the insurance business in addition to banking. We also took a 60% stake in Invesco's mutual fund business, and once approvals are in place, we will have a complete presence across the BFSI sector,' Hinduja said. Earlier, IIHL had said it was looking at small banks in European countries such as Switzerland, Liechtenstein, Germany and Luxembourg, and due diligence processes were on. In the same vein, IIHL will also be keen to expand its banking and financial services business in other parts of the world, including in the GCC. Ashok Hinduja said there are about 39-40 entities of RCAP and the new management would divest many of them as they are mostly small shell entities with small businesses. Broking and Asset Reconstruction business will be retained by the new management. RCAP, registered as a core investment company with India's Reserve Bank of India (RBI), has several entities, including Reliance Nippon Life Insurance, Reliance General Insurance, Reliance Money, Reliance Securities, Reliance Asset Reconstruction, and Reliance Commercial Finance. The financial services firm has 1,28,000 lakh employees and the new management would protect the interest of employees to the extent possible, the statement said. - TradeArabia News Service
Zawya
19-03-2025
- Business
- Zawya
Acquisition to catalyse global expansion of IndusInd Holdings in banking & finance sector
IIHL which has a significant shareholder base in the UAE is targeting a Valuation of US$50 billion by 2030: Chairman Ashok Hinduja Dubai: IndusInd International Holdings (IIHL), which has a significant shareholding from the UAE out of the 600 plus globally dispersed Ultra HNWI stakeholders today said it has completed the acquisition of Anil Ambani's Reliance Capital (RCAP) at US$1.17 billion, strengthening its resolve for global expansion in the Banking, Financial Services and Insurance (BFSI) sector. In a statement, IIHL said the acquisition of RCAP follows a three-year-long resolution process of the debt-ridden company. The acquisition also paves the way for targeting a valuation of USD 50 billion for IIHL by 2030, said Chairman Ashok Hinduja, adding that the company remains open to exploring global investment opportunities including in the GCC and MENA region. 'If the Board recommends any such opportunity, definitely we will look at it; viability has to be there. There are many opportunities coming from Europe, Sri Lanka, and Indonesia. But, unless our investment banking team is comfortable, we will not go ahead,' he said. He said the transaction relating to the acquisition from the IIHL side is over and the 'journey for value creation would now begin,' adding that the value of RCAP's insurance business on a conservative basis would be US$2.34 billion. "Now, with this acquisition, we are entering the insurance business in addition to banking. We also took a 60% stake in Invesco's mutual fund business, and once approvals are in place, we will have a complete presence across the BFSI sector,' Ashok Hinduja said. Earlier, IIHL had said it was looking at small banks in European countries such as Switzerland, Liechtenstein, Germany and Luxembourg, and due diligence processes were on. In the same vein, IIHL will also be keen to expand its banking and financial services business in other parts of the world, including in the GCC. In the UAE, IIHL's BFSI business includes IndusInd Bank. . Ashok Hinduja said there are about 39-40 entities of RCAP and the new management would divest many of them as they are mostly small shell entities with small businesses. Broking and Asset Reconstruction business will be retained by the new management. RCAP registered as a core investment company with India's Reserve Bank of India (RBI), has several entities, including Reliance Nippon Life Insurance, Reliance General Insurance, Reliance Money, Reliance Securities, Reliance Asset Reconstruction, and Reliance Commercial Finance. The financial services firm has 1,28,000 lakh employees and the new management would protect the interest of employees to the extent possible.
