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Education Cannot Wait High-Level Mission in Ethiopia Calls for Bold Innovative Financing Solutions to Urgently Address the Education Needs of 9 Million Crisis-Affected Out-of-School Children

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During the mission, a new US$5 Million ECW First Emergency Response grant was announced, bringing Education Cannot Wait’s total investments in the country to US$93 Million.

NEW YORK, Dec. 9, 2024 /PRNewswire/ — At the conclusion of a joint high-level mission in Ethiopia, Education Cannot Wait (ECW) Global Champion and Danish Minister of Finance Nicolai Wammen, together with ECW Executive Director Yasmine Sherif, called for bold donor action to step up new and innovative financing solutions to deliver quality education for millions of children caught in crises in Ethiopia and beyond.

An estimated 9 million children are out-of-school across Ethiopia today due to ongoing violence, climate-induced disasters and widespread forced displacement – a staggering threefold increase from 2022. Close to 18% of schools in the country have been destroyed or damaged. Ethiopia also hosts the third largest refugee population in Africa, with over 200,000 new arrivals from Sudan and Somalia in 2023-2024 alone, further increasing pressure on existing resources.

ECW’s high-level delegation travelled to the Tigray region, which is recovering from a 3-year conflict that brought education to a complete halt. The delegation visited schools benefitting from funding by ECW and strategic partners, and met children, parents and teachers. The delegation saw first-hand the impact of ECW-supported programmes implemented by UN and international and local civil society partners – including UNICEF, Norwegian Refugee Council, Save the Children and Imagine1Day – in close collaboration with the government. In one school alone, enrollment increased by an impressive 20% last year thanks to a comprehensive package of interventions funded by ECW.

“The education crisis in Ethiopia is one of the largest silent crises in the world today. Yet, we are seeing impressive impact of ECW’s investments. The passion for learning among both girls and boys was very evident. We now need to support them and urgently appeal to strategic donor partners for additional financing,” said Yasmine Sherif, Executive Director of Education Cannot Wait, the global fund for education in emergencies and protracted crises in the United Nations.

During the mission, Sherif announced a new US$5 million First Emergency Response (FER) grant, bringing ECW’s total investments in Ethiopia to over US$93 million since 2017. The new FER grant, implemented by UNICEF (US$4 million) and the local organization Imagine1Day (US$1 million) together with their consortium partners, aims to address urgent needs in the Oromia and Afar regions, where renewed conflict, intercommunal violence, drought and displacement have further disrupted education services in recent months. These emergency interventions will build on the US$24 million Multi-Year Resilience Programme announced last month by ECW, targeting needs in the Amhara, Somali and Tigray regions.

“It is heartwarming to witness the life-transforming power of quality education in the most complex crisis situations. I met strong and resilient girls and boys who are returning to learning, healing and thriving thanks to ECW’s support. However, conflicts, climate change and other crises continue to push millions of children out of school every year – in Ethiopia and beyond. Business as usual will not meet this challenge. I encourage private sector partners to join ECW’s efforts and invest in new and innovative financing strategies to fill the widening gap,” said Nicolai Wammen, Minister of Finance, Denmark, and ECW Global Champion.

To date, ECW’s combined multi-year and emergency investments in Ethiopia have reached more than 550,000 children and adolescents, providing a comprehensive range of supports.

“UNICEF Ethiopia and partners are very grateful for the continued and dedicated support of ECW. Children belong in the classroom and thanks to ECW, children are learning and playing in a safe environment across the country,” said Dr. Aboubacar Kampo, UNICEF Representative in Ethiopia.

“Imagine1Day is deeply grateful for this ECW First Emergency Response grant. With this generous support, we will provide over 13,000 out-of-school children in the Afar region – 60% of whom are girls and 13% are children with disabilities – with access to safe learning environments. This project will not only enhance their well-being but also empower them to reach their full potential. Given that education in emergencies in Ethiopia has been severely underfunded, this grant is crucial in ensuring that crisis-affected children receive the education and support they need to build a brighter future,” said Dr. Seid Aman, Country Director of Imagine1Day.

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ECW’s investments are aligned to the Ethiopia Humanitarian Response Plan (HRP) and the Ethiopia Education Sector Development Programme VI. ECW urgently calls for additional resources to fill the US$64 million funding gap for the acute education needs of the 2024 HRP.

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JustMarkets Launches the #iLoveJustMarkets Promo with a $100,000 Prize Pool

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LIMASSOL, Cyprus, Dec. 12, 2024 /PRNewswire/ — The international CFD broker JustMarkets introduces its #iLoveJustMarkets promo to bring traders and partners together in a community of growth and rewards. Participants can tell their trading stories for a chance to win a share of a $100,000 prize pool. It’s a great way to enter 2025 with pleasant bonuses and reflect on the best trading moments from 2024.

For over 12 years, JustMarkets has been a trusted name in the fintech industry. They earned various widely recognized awards, like Best Broker APAC 2024 and Most Reliable Broker 2024, offering traders exceptional trading conditions: 260 instruments, leverage up to 1:3000, 24/7 customer support, and many more.

The promo will run from December 2024 into January 2025, inviting participants to share their trading experiences and investing goals for the next year in the most creative and touchy way.

What Rewards Await You?

  • The first 4,000 participants will receive a $25 promo code.
  • The 10 most creative posts will be awarded a $100 bonus each.

Bonuses can be spent on trading activities within the JustMarkets platform — all to maximize your trading potential while minimizing upfront costs.

How to Join the Promo?

  1. Post your trading experiences on social media using the #iLoveJustMarkets hashtag.
  2. Tag the official JustMarkets account:
  1. Make sure you are a JustMarkets Client (at least 1 lot traded) or a Partner (at least 1 client referred)
  2. Enter the link to your post via the submission form provided on the promo page.

Celebrate the start of 2025 by sharing unique story with JustMarkets. Join the promo now, tell the world why #iLoveJustMarkets!

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Cision View original content:https://www.prnewswire.co.uk/news-releases/justmarkets-launches-the-ilovejustmarkets-promo-with-a-100-000-prize-pool-302328840.html

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KuCoin and Holdstation Partner to Transform Vietnam’s Blockchain Ecosystem

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VICTORIA, Seychelles, Dec. 12, 2024 /PRNewswire/ — KuCoin, one of the world’s leading digital asset technology platforms, is excited to announce the strategic partnership with Holdstation, a prominent player in Vietnam’s blockchain landscape known for its innovative all-in-one asset management and wallet solution. This collaboration aims to propel blockchain adoption and DeFi innovation, fostering initiatives that enhance education, support startups, and create integrated crypto solutions tailored specifically for Vietnam and beyond.

Through this partnership, KuCoin and Holdstation will jointly develop blockchain-enabled applications, enhance infrastructure, and implement start-up accelerator programs in Vietnam. Additionally, the partnership will roll out comprehensive blockchain education initiatives targeting local communities, universities, and broader business collaborations on a global scale.

“Partnering with KuCoin enables us to combine our local expertise with their global expertise, paving the way for significant advancements in blockchain innovation within Vietnam,” said Trung Banh, Co-founder of Holdstation. “We are thrilled to support the community and contribute to the growth of a vibrant digital economy.”

Alicia Kao, Managing Director of KuCoin, stated, “We are proud to establish this strategic relationship with HoldStation. The potential in the Vietnamese market is immense, and we are committed to supporting the local community for the digital economy and blockchain technology.”

By joining forces, the partnership is poised to drive the adoption of millions of new users through the introduction of accessible and innovative tools. It also aims to fuel economic growth in Vietnam by empowering local blockchain startups to unlock their potential and build awareness through high-impact events designed to educate and provide local communities with exposure to the Web3 ecosystem through immersive learning experiences.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 30 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

About Holdstation

A next-generation DeFi wallet with a mission to bring decentralized finance tools and crypto accessibility to everyday users, particularly in emerging markets like Vietnam.

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Holdstation continues to solidify its reputation as a leading force in the DeFi and Web3 space, boasting approximately 350,000 monthly active users. The platform has generated a total volume of $38 billion and over $3.1 million in fees. As one of the top 4 DEXs globally and the leader on ZKsync, Holdstation is driving innovation through multichain expansion, AI-powered initiatives, Account Abstraction and the introduction of features like prediction markets. Upcoming integrations with Berachain and WorldChain by Q4 2024 will boost liquidity and accessibility positions Holdstation for sustained growth and leadership in the evolving Web3 ecosystem.

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CBC Group R-Bridge Healthcare Fund Announces up to US$50 Million Financing for Human Investments Ltd. to Fund Motiva® Market Expansion

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  • Non-dilutive growth financing of up to US$50 million, with a synthetic royalty feature, and availability linked to achievement of certain sales milestones
  • Proceeds from the financing will fund Human Investments Ltd.’s expansion of Motiva® devices in Asia
  • Transaction highlights R-Bridge’s commitment to supporting access to innovative, high-quality, and safe healthcare solutions

SINGAPORE, Dec. 12, 2024 /PRNewswire/ — R-Bridge Healthcare Fund (“R-Bridge”), an affiliate of CBC Group, Asia’s largest healthcare-dedicated asset management firm, today announced the closing of a non-dilutive growth financing facility of up to US$50 million for Human Investments Ltd.

Human Investments Ltd., through its subsidiaries Motiva Korea and Motiva China, is the exclusive distribution partner in Korea and China for Establishment Labs Holdings Inc.’s innovative femtech solutions in breast health, breast aesthetics and breast reconstruction. The transaction provides Human Investments Ltd. access to non-dilutive growth financing of up to US$50 million, with a synthetic royalty feature, and availability tied to achieving certain sales milestones. The proceeds will support Motiva Korea’s continued growth and market-leading position in the Korean medical aesthetics and reconstruction market. In addition, it will fund the market expansion of Motiva China, following Establishment Labs’ National Medical Products Administration (NMPA) approval in November 2023 for the sale of Motiva® devices in China.

Dr. Michael Keyoung, Senior Managing Director & Head of Private Credit and Royalty at CBC Group, said “R-Bridge is pleased to partner with Human Investments Ltd. in supporting the Asian commercial launch of its innovative and differentiated solutions. We are impressed by the success of Human Investments Ltd. in establishing market leadership in the global benchmark Korean medical aesthetic and reconstruction market. This financing demonstrates our commitment to supporting promising healthcare companies in expanding access to innovative, high-quality and safe solutions aimed at improving health and wellness.”

John Lim, Founder and CEO of Human Investments Ltd., said “Within three years of its launch in Korea, we established Motiva® as the preferred and market-leading brand for augmentation and reconstructive mammaplasty in the Korean women’s health market, and we anticipate replicating that success across Asia. Surgeons and consumers are highly attuned to the latest innovations in science and technology, and we are excited about the opportunities this financing will provide Human Investments Ltd. to position Motiva® as a truly innovative and differentiated option in the Asian medical aesthetic and reconstruction market.”

About R-Bridge

R-Bridge Healthcare Fund is an affiliate of CBC Group, Asia’s largest healthcare-dedicated asset management firm with an AUM of $9 billion, headquartered in Singapore with offices in U.S., Asia, and Europe. With a diversified, multi-product strategy, CBC Group focuses on platform-building, buyout, private credit and royalties, and real estate, across the healthcare space, including pharmaceutical, biotech, medical technology, and healthcare services.

R-Bridge was founded in 2019 to provide alternative, non-dilutive financing for healthcare companies backed by royalties, revenue interests and other cash flow generated by sales of healthcare products and services in Asia as well as globally, with the intent to generate attractive and non-correlated returns for investors. R-Bridge raised its inaugural fund in 2020 and is currently investing from its successor fund, RBF II.

For further information, please visit www.cbridgecap.com
Connect with us on LinkedIn (CBC Group).

About Human Investments Ltd.

Headquartered in the United Arab Emirates, Human Investments Ltd. is the exclusive distribution partner in Korea and China for Establishment Labs Holdings Inc., a global medical technology company dedicated to improving women’s health and wellness through the power of science, engineering, and technology. Through its subsidiaries Motiva Korea and Motiva China, Human Investments Ltd. currently markets Motiva® devices in the Korea and China markets. Motiva® Devices, known for their advanced 3D negative imprinting technology, are recognized for their superior safety and natural look and feel. The Motiva Flora® tissue expander is used to improve outcomes in breast reconstruction following breast cancer and it is the only regulatory-approved expander in the world with an integrated port using radio-frequency technology that is MRI conditional. Since first becoming commercially available in 2010, nearly four million Motiva® devices have been delivered to plastic and reconstructive surgeons in over 85 countries in which they are available. The Motiva® device recently received U.S. FDA approval, representing the first new breast implant PMA approved by the U.S. FDA since 2013. Following regulatory approval by the National Medical Products Administration (NMPA) in November 2023, Motiva® devices were launched in February 2024 in China, leveraging its position as a market leader in Korea.

View original content:https://www.prnewswire.co.uk/news-releases/cbc-group-r-bridge-healthcare-fund-announces-up-to-us50-million-financing-for-human-investments-ltd-to-fund-motiva-market-expansion-302329797.html

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