BAO attended the 5th year anniversary of the Swiss-African Business Circle for supporting Swiss-African Business relations
29 September 2015 the Swiss-African Business Circle* celebrated 5 years of existence at the Hotel Schweizerhof in Bern together with 100 members, partners and invited guests.
The 5 year anniversary event opened with the screening of a video (http://sabc.ch/) showcasing the achievements of the Swiss-African Business Circle over the last 5 years as well as its outlook. The video was followed by a panel discussion entitled “Is Switzerland losing out in Africa?” to explore the opportunities and challenges for Swiss companies that are active on the African continent, especially in the context of new players, such as China,
being increasingly active in African countries.
Africa remains a continent of interest for Swiss companies. Approximately 40% of
Switzerland’s largest 150 companies are already active in Africa with an increasing
number of highly specialized small and medium-sized companies developing their Africa
business. This trend is further highlighted by the fact that according to official statistics,
Swiss companies have more than 130,000 employees in African countries today. Swiss African Business Circle member companies alone currently employ around 70,000
people on the African continent.
To support this interest in Africa over the last 5 years, the Swiss-African Business Circle
has provided unique networking opportunities for its members and the extended Swiss African Business Circle community. It has organized over 100 events attended by 1500 participants, 26 meetings with high-ranking Government delegations and organized
business trips to Angola, Ethiopia, Ghana, Kenya, Nigeria and South Africa. This work
will continue into the future as interest in African countries persists.
“Africa is of enormous importance as a market for Swiss businesses. According to UN
projections, the African population will make up 25% of the World’s population by 2050
and 50% of the World’s population between the ages of 0-35 will be in Africa, mostly in
urban areas. This is of course a potentially huge market which should not and cannot be
ignored if Switzerland’s economy is going to continue to grow.” says Anthony Travis,
President of the Swiss-African Business Circle.
*The Swiss-African Business Circle was founded in 2010 by a number of Swiss
companies, already active in Africa, in order to create a platform for companies to
exchange experiences on doing business in African countries. It is a private sector
initiative that has since grown to include almost 100 members representing different
8th October 2015
Viking Investments Group, Inc. Announces Investment Banking Agreement with BAO Capital Sàrl regarding a proposed $500M Bond Offering
NEW YORK, NY—(Marketwired – February 9th, 2015) – On February 7th, 2015, Viking Investments Group, Inc. (“Viking”) (OTC: VKIN) and Cytron Capital Group Inc. (“Cytron”) executed an Agreement (the “BAO Agreement”) with BAO Capital Sàrl (“BAO”), a BAO Group Company, pursuant to which BAO has agreed to work with Viking and Cytron with effecting a USD$500M bond financing in Mauritius (the “Bond Transaction”). Proceeds from the Bond Transaction, if successful, will be used to complete, among others, the transactions announced on February 3rd, 4th and 5th, 2015 regarding the Halfmoon Bay, Riverwood and Cytron Gravel deals, respectively.
Under the BAO Agreement, BAO has agreed to work with Viking and Cytron with preparing the materials required for the Bond Transaction, identifying and introducing potential purchasers of the bond to Viking, making presentations to prospective purchasers, advising on relevant issues regarding structuring and closing the transaction, and participating in any selling group assembled to sell any securities or debt related to the bond (collectively, the “Services”). BAO will be responsible for listing the bond on The Stock Exchange of Mauritius (http://www.stockexchangeofmauritius.com).
In exchange for the Services, the BAO Agreement contemplates BAO receiving an initial retainer fee, an ongoing monthly retainer, and a cash success fee on closing of the Bond Transaction. Cytron is responsible for paying the initial and ongoing retainer fees. The minimum term of the BAO Agreement is 90 days, after which it may be terminated by any party upon 30 days’ written notice to the other party.
About BAO (www.188.8.131.52):
BAOis an Investment and Wealth Management group active in the financial centres of Switzerland, Cyprus and Mauritius. BAO works with a variety of companies, institutions and global governments with developing solutions to overcome financial challenges.
BAO specializes in sectors such as Food Processing, Natural Resources, Pharmaceuticals, Textiles, Auto Ancillary, Real Estate and Soft Commodity sectors. The group’s services include Capital Sourcing for business expansion, M&A advisory, Equity Market Intermediation and Corporate Advisory Services, and its capabilities include the private placement of equity and quasi-equity or debt securities. BAO also assists with formulating and implementing strategies for mergers & acquisitions, buyouts, and divestitures as well assisting with arranging the finances necessary for these transactions.
Cytron Capital Group Inc. is a North American based investment capital group that provides capital and corporate finance services, primarily focused on real estate, property development, natural resources, including agriculture, and the energy sector.
Viking aims to acquire, invest in and/or provide professional advisory and consulting services to companies undergoing or anticipating periods of rapid growth, significant change or ownership transition. Viking’s primary focus is directed toward evaluating and completing investments in North America, mainly in the Oil & Gas and Real Estate sectors, with appropriate diversification and balance between each division. Viking targets under-valued investments with realistic appreciation potential and a defined exit strategy.
Viking is not an investment company, as defined by the Investment Company Act of 1940.
Safe Harbor Statement
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company’s financing plans; (ii) trends affecting the company’s financial condition or results of operations; (iii) the company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words «may,» «would,» «will,» «expect,» «estimate,» «anticipate,» «believe,» «intend» and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company’s Forms 10-K and 10-Q filed with the SEC.
February 9th 2015
The third Bridge House Mile Open Water Swim, takes place on Saturday 28 February 2015 at the magnificent Berg River Dam in Franschhoek, South Africa.
This OPEN WATER SWIM is presented by
in partnership with WWF, The Princess Charlene of Monaco Foundation and in association with Speedo.
For information and to enter go to www.energyevents.co.za
• Elite swimmers in The Mile race can win the following prizes: first woman and first man home (no wetsuit) — R5 000; second woman and second man home (no wetsuit) — R3 000; third woman and third man home (no wetsuit) — R2 000.
• There is a 200m and 400m swim in addition to the Mile.
• For information about entries for school teams, please contact Colleen de Villiers firstname.lastname@example.org
• The Princess Charlene of Monaco Foundation swim ambassador, Terence Parkin, will swim the Mile as will WWF swim ambassador, Amy Kleinhans. Ryk Neethling is a Bridge House Mile supporter and will be there on the day.
More information: BH Mile info
February 6th 2015