Latest news with #sustainableinvestments
Associated Press
02-06-2025
- Business
- Associated Press
Atar Capital Founder Cyrus Nikou Recognized on Los Angeles Business Journal's LA500
LOS ANGELES--(BUSINESS WIRE)--Jun 2, 2025-- Atar Capital is proud to celebrate founder and managing partner Cyrus Nikou 's appearance on the Los Angeles Business Journal'sprestigious LA500 list for the third year. LABJ celebrates the most influential leaders and impactful executives in the Los Angeles business community with its annual list, published June 2. The recognition reflects Nikou's notable contributions within private equity and his commitment to driving meaningful progress through sustainable investments at Atar Capital. 'I'm deeply honored to be recognized by LA500 for my leadership, but even more for the meaningful progress that Atar Capital is spearheading in the communities it serves,' said Nikou. 'This honor reflects the unwavering dedication of our team as we partner with mission-driven businesses to address significant sustainability challenges affecting our society and create lasting impact. I'm proud of what my team has accomplished and excited for what's ahead.' Under Nikou's leadership, Atar Capital has demonstrated that lower-middle market investment firms can deliver strong returns while making the world better. He founded the firm in 2016, and works directly with leadership at Atar Capital's affiliate companies to drive sustainable growth, efficiency, and innovation across industries. Find the complete list of 2025's LA500 at Los Angeles Business Journalhere. About Atar Capital Atar Capital is a global private investment firm that acquires a wide range of lower middle market businesses exhibiting opportunities for growth, revitalization and significant value creation. Atar Capital's principals have collectively completed 90 private equity transactions across 18 countries worldwide. Atar Capital's combination of operational expertise, industry knowledge and investment experience provide a unique edge in creating value and working as a true partner with its portfolio companies. The firm assists in activities ranging from growing the business to improving operations and financial performance, leveraging all available resources and talent within Atar's leadership team, as well as its bench of seasoned senior advisors with deep sector and functional expertise. For more information, please visit View source version on CONTACT: NextTech Communications Ella Cerón [email protected] T: 732 813 1150 KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SMALL BUSINESS BANKING PROFESSIONAL SERVICES FINANCE SOURCE: Atar Capital Copyright Business Wire 2025. PUB: 06/02/2025 10:13 AM/DISC: 06/02/2025 10:12 AM
Zawya
28-05-2025
- Business
- Zawya
Official Launch of the 2nd Edition of the Forum Invest in Senegal (FII Sénégal 2025)
Prime Minister Mr. Ousmane Sonko officially launched the second edition of the Forum Invest in Senegal (FII Sénégal 2025) on Tuesday. The event will take place on October 7 and 8, 2025, at the Abdou Diouf International Conference Center (CICAD) in Diamniadio, located 20 km from Dakar. This major gathering is part of Senegal Vision 2050 and represents a decisive step in the structural transformation of Senegal's economy. In his speech, the Head of Government reaffirmed the will to break away from old growth models based on debt, to establish a new economic paradigm focused on local resource transformation, private sector promotion, and strengthened territorial equity. The strategic axes of the Forum were revealed, notably: - Making Senegal a reference industrial and logistics platform; - Promoting a strong, competitive, and attractive private sector; - Creating a technological and financial hub in Dakar; - Deep reform of the legislative and tax framework, through a new Investment Code, ambitious tax reform, and a new law on public-private partnerships (PPP). He also announced the launch of the Program to Improve the Competitiveness of Territories and Enterprises (PACTE), a key instrument to stimulate investment and enhance regional attractiveness. The Prime Minister praised APIX's commitment to organizing the Forum and called for collective, national and international mobilization around sustainable and equitable investments. Taking the floor, Mr. Bakary Séga Bathily, Director General of APIX, highlighted Senegal's resilience in the face of a volatile global context, underlining the country's major assets: political stability, dynamic youth, sustained growth estimated at 8.8% in 2025, and a privileged geostrategic position. He emphasized the new ambition of President Bassirou Diomaye Faye and Prime Minister Ousmane Sonko to build a competitive, inclusive, and sovereign Senegal. The APIX Director General detailed the ongoing reforms, including modernization of the Investment Code, digitization of procedures through APIX, and implementation of the PACTE. He also stated that the Forum will feature thematic panels, boardrooms, dealrooms, and side events, with the goal of realizing investment projects in strategic sectors: agriculture, health, natural resources, artificial intelligence, industrialization, among others. More than 3,000 economic decision-makers and institutional partners are expected to attend this event, which aims to position Senegal as an immediate, transparent, competitive, and sustainable investment destination. Distributed by APO Group on behalf of APIX S.A.
Yahoo
13-05-2025
- Business
- Yahoo
How should Norway spend its cash? Solve global problems, says citizen panel
By Gwladys Fouche OSLO (Reuters) -Norway's $1.8 trillion wealth fund, the world's largest, should invest more money in sectors addressing global challenges such as climate change and health and accept it may get lower returns on these investments, a citizens' panel said on Tuesday. The initiative, a nationwide consultation on what the country should do with its wealth, was the brainchild of seven non-governmental organisations who wanted to bring into the public debate voices from society that are not usually heard. The 56 Norwegians selected to represent the population - based on age, gender, place of residence, education and attitude towards climate change - met between January and May to create recommendations for lawmakers. They discussed how to spend the cash from the fund, which pools state oil and gas revenue and has a current value equivalent to each man, woman and child owning $326,000. "A specific percentage of the oil fund should be set aside for sustainable investments where we accept higher risk and lower returns to promote social and economic development in developing countries," said the panel's report, seen by Reuters. Other advice included having guidelines on how the fund should be spent in times of crises, such as pandemics and wars, and having new guidelines on how the fund should be used in the national budget. Currently up to 3% of the fund's value can be used in the budget without specifying what it should be spent on. The panel said it should be spent on "fundamental social structures" such as education, research and innovation, and not on "administrative expenses". The fund should also move faster to invest the 2% of its value earmarked for direct stakes in renewable projects abroad, like wind and solar farms. It has spent just 0.1% of its value on such investments. "The idea was that we were different people from different parts of the country. My experience is that we had all the same fundamental values," panellist Lill Synnoeve Ludvigsen, a 17-year-old high school student, told Reuters in a phone interview from her home in Trondheim, Norway's third-largest city. The fund divests from companies deemed in breach of its ethical guidelines adopted by parliament. On Sunday, it divested from Israel's Paz Retail and Energy for supplying fuel to Israeli settlements in the occupied West Bank, as well as from Mexico's Pemex for what it called an unacceptable risk that it is involved in corruption.
Reuters
13-05-2025
- Business
- Reuters
How should Norway spend its cash? Solve global problems, says citizen panel
OSLO, May 13 (Reuters) - Norway's $1.8 trillion wealth fund, the world's largest, should invest more money in sectors addressing global challenges such as climate change and health and accept it may get lower returns on these investments, a citizens' panel said on Tuesday. The initiative, a nationwide consultation on what the country should do with its wealth, was the brainchild of seven non-governmental organisations who wanted to bring into the public debate voices from society that are not usually heard. The 56 Norwegians selected to represent the population - based on age, gender, place of residence, education and attitude towards climate change - met between January and May to create recommendations for lawmakers. They discussed how to spend the cash from the fund, which pools state oil and gas revenue and has a current value equivalent to each man, woman and child owning $326,000. "A specific percentage of the oil fund should be set aside for sustainable investments where we accept higher risk and lower returns to promote social and economic development in developing countries," said the panel's report, seen by Reuters. Other advice included having guidelines on how the fund should be spent in times of crises, such as pandemics and wars, and having new guidelines on how the fund should be used in the national budget. Currently up to 3% of the fund's value can be used in the budget without specifying what it should be spent on. The panel said it should be spent on "fundamental social structures" such as education, research and innovation, and not on "administrative expenses". The fund should also move faster to invest the 2% of its value earmarked for direct stakes in renewable projects abroad, like wind and solar farms. It has spent just 0.1% of its value on such investments. "The idea was that we were different people from different parts of the country. My experience is that we had all the same fundamental values," panellist Lill Synnoeve Ludvigsen, a 17-year-old high school student, told Reuters in a phone interview from her home in Trondheim, Norway's third-largest city. The fund divests from companies deemed in breach of its ethical guidelines adopted by parliament. On Sunday, it divested from Israel's Paz Retail and Energy ( opens new tab for supplying fuel to Israeli settlements in the occupied West Bank, as well as from Mexico's Pemex for what it called an unacceptable risk that it is involved in corruption.
