On Friday, Shares of Citigroup Inc. (NYSE:C), gained 0.27% to $58.75, hitting its highest level.
As entrepreneurship takes center stage in Africa this month at the Global Entrepreneurship Summit, Citi Foundation and TechnoServe have declared a partnership to stimulate entrepreneurship and job growth in four sub-Saharan countries. Citi Foundation’s African Youth and Women’s Business Development programme will develop business approaches that can be taken to scale by local organizations to provide employment, enhance incomes and enhance the economic participation of women and youth.
Youth account for 60 percent of all Africans unemployed, according to the World Bank, with young women affected most severely. Underemployment is also a major concern, with more than 70 percent of Africa’s youth living on less than US$2 per day. The new partnership will address these problems by drawing on the Citi Foundation’s long experience supporting local economic development and TechnoServe’s expertise in promoting entrepreneurship and small businesses. The programme will seek to achieve the following:
- Côte d’Ivoire: Provide jobs and business training for women to support the establishment of a network of women-owned shops across Abidjan.
- Nigeria: Work with young people (mostly women) from farming families to develop successful cashew-processing businesses.
- South Africa: Provide urban entrepreneurs with ongoing support, advice and training to assist grow their small businesses into medium-sized enterprises that can employ many others in their communities.
- Uganda: Connect vulnerable girls with successful businesswomen, providing them with mentorship and training in trades like tailoring and agriculture.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide.
Shares of SunEdison, Inc. (NYSE:SUNE), inclined 1.25% to $31.56, during its last trading session.
SunEdison, declared that its wholly owned partner, TerraForm Global, Inc. (“TerraForm Global”), intends to commence an initial public offering of its Class A common stock on July 20 , 2015. Application has been made for listing of the Class A common stock of TerraForm Global on the NASDAQ Global Select Market under the symbol “GLBL.”
J.P. Morgan and Barclays are serving as lead bookrunning managers and structuring advisors in the offering. Citigroup and Morgan Stanley are serving as active bookrunners. Goldman, Sachs & Co., BofA Merrill Lynch and Deutsche Bank Securities are serving as joint bookrunners in the offering. Additionally, BTG Pactual, Itau BBA, Kotak Mahindra, Inc., SMBC Nikko and Societe Generale are serving as co-managers in the offering.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials.
Finally, Dealertrack Technologies, Inc. (NASDAQ:TRAK), ended its last trade with -0.11% loss, and closed at $62.26.
Dealertrack Technologies, received two Bronze Stevie® Awards at the recent 13th Annual American Business Awards in Chicago. Dealertrack received an award for its Digital Retailing Solution in the “Innovation of the Year - Business Products Industries” category, and the company’s Dealer.com Seamless Websites were honored in the “Automotive & Transport Equipment & Transportation” websites category.
The American Business Awards are the nation’s premier business awards program recognizing a broad spectrum of American business professionals and organizations – from non-profits, emerging start-ups, major public companies and government agencies to corner-office executives, corporate communicators, support staff and customer service teams. A second Stevie Awards ceremony will be held in San Francisco on September 11, 2015, honoring additional winners in the new product and technology-related categories. Dealertrack’s eMenu for iPad is a finalist in the “Integrated Mobile Experience” category, which is planned to be declared at the San Francisco ceremony.
Dealertrack Technologies, Inc. provides Web-based software solutions and services to the automotive retail industry in the United States and Canada. It offers digital marketing solutions, which provide Websites, digital advertising, and other digital marketing offerings to assist dealers in achieving higher lead conversion rates that assist to optimize various shoppers to their Websites; dealer administration solutions, which provide dealer administration system featuring tools and real-time data access; and F&I solutions that allow dealers to streamline the in-store and online sales, in addition to financing processes.
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