Minterest Launches Exclusive Early Access for NFT Holders Ahead of Public Launch

The Minterest protocol is now fully live for early supporters and Minterest NFT holders, granting exclusive access to the full suite of Minterest tools ahead of public launch.

TALLINN, ESTONIA / ACCESSWIRE / March 1, 2023 / Minterest Labs announces the final stage of launch of the Minterest protocol, a revolutionary crypto lending platform built on the concept of real yield.

Minterest Dashboard – the most user friendly experience in DeFi
With a complete DeFi dashboard, Minterest users have an aesthetically unique and fully functioning area to view their asset information and risk exposure.

Launching on Ethereum, Minterest provides cutting-edge DeFi borrowing and lending services. Backed by four completed security audits and a world-class team of digital asset professionals, Minterest is now live!

During the Private Launch phase, access is limited for 4-6 weeks to Minterest NFT holders whose liquidity provision will benefit from early access, with a restricted user pool resulting in a greater share of protocol rewards.

For users seeking access who do not have an NFT, the collection has been registered on Open Sea to enable holders to trade.

What is Minterest?

“Minterest is a lending protocol able to capture 100% of its fees from its functions, which it then uses to buy back its own token and reward users who participate in its governance.” – Josh Rogers, founder and CEO of Minterest.

Minterest pushes new boundaries in DeFi lending protocols. It generates underlying value in its token economy far beyond the capability of any other, while rewarding its users who participate in governance. The fully-sustainable token model gets delivered through groundbreaking innovations like the first-of-its-kind on-chain liquidation engine coupled with its unique buyback mechanisms.

The result is a DeFi revolution – the highest long-term total APYs combined with the lowest possible borrow cost.

With Minterest, Yield Gets Real.

To learn more about the project, visit the Minterest website, login to the app, or check out the official social media channels below:

Join the growing Minterest Discord and Telegram communities for daily updates:

https://discord.gg/minterest

https://t.me/MinterestFinanceChat

https://www.linkedin.com/company/minterest

Contact Information

Veiko Krünberg
CMO
veiko@minterest.com
+3725100337

SOURCE: Minterest

CARBOTRACE, Proppant Conveyed Inflow Production Tracers Are Being Launched Globally

CARBO Ceramics Inc. partners with GEOSPLIT Middle East FZE

HOUSTON, TX / ACCESSWIRE / March 1, 2023 / CARBO and GEOSPLIT announced today that the companies have entered into a strategic partnership that will enable energy operators to improve their reservoir performance by optimizing drilling & completions designs through understanding the production inflow profiling. The use of the technology reduces the overall cost of the well’s ownership, improves the carbon footprint for the well’s lifecycle, and boosts the decision-making of the E&Ps for their offset wells.

CARBOTRACE
CARBOTRACE

The agreement combines CARBO’s manufacturing, sales, and marketing expertise with the inflow production profiling capabilities of GEOSPLIT. CARBO is the market leader in proppant and proppant-delivered technologies, and GEOSPLIT is a developer of a proven long-term dynamic zonal inflow tracer technology evaluation service.

“CARBO’s portfolio of proppant delivered technologies continues to expand and provide customers with added value, enabling the most efficient completion and production strategies. CARBO has proven once more to be a technology leader in the space by creating an alliance with this Middle Eastern start-up for further geographical expansion,” said Max Nikolaev, Senior Vice President

Customers of CARBO will now be able to understand their reservoir performance through production monitoring better, marker/tracer monitoring of production inflow profiles, reservoir management, and digital oilfield services based on dynamic zonal inflow production profiling.

“Tracer-embedded coating for propping materials is one of the key solutions in our technological portfolio. Strategic partnership with Carbo Ceramics is a high recognition of technology capabilities and will allow the technology to reach out to more operators worldwide,” said Anna Belova, VP Global Business Development for GEOSPLIT.

About CARBO Ceramics Inc

CARBO® is a global technology company that provides products and services to several markets, including oil and gas, industrial, agricultural, and environmental markets, to enhance client value.

CARBO Energy – is a leading provider of market-leading technologies to create engineered production enhancements solutions that help E&P operators to design, build and optimize the frac – increasing well production and estimated ultimate recovery and lower finding and development cost per barrel of oil equivalent.

For more information, please visit www.carboceramics.com or contact Joshua Leasure, Director Technology Sales Joshua.Leasure@carboceramics.com

About GEOSPLIT

GeoSplit Middle East FZE is an international digital oilfield service company offering a tracer-based production profile surveillance technology for oil and gas wells. The GeoSplit technology portfolio provides a stream of data on the oil and gas well production pattern for years without well intervention. The data becomes a decision-making support tool and gives recommendations on addressing specific objectives of field operators and customers in such segments as hydrocarbon development, production, reservoir management, and optimization.

For more information, please visit www.geosplit.org or contact Anna Belova, VP Global Business Development a.belova@geosplit.org

Contact Information

Joshua Leasure
Director Technology Sales, CARBO
joshua.leasure@carboceramics.com
281-921-6490

Anna Belova
VP Global Business Development, GEOSPLIT MIDDLE EAST FZE
a.belova@geosplit.org
+31 611 255342

SOURCE: CARBO

Henley & Partners: Invest in Namibian Real Estate and Secure Residence Rights

LONDON, March 01, 2023 (GLOBE NEWSWIRE) — The world’s latest investment migration option — and Africa’s second — the Namibia Residence by Investment Program has been launched by Henley & Partners, the global leaders in residence and citizenship planning.

The Namibian government is actively seeking foreign investment to boost the country’s economic growth and diversify the economy. The program provides numerous opportunities for international investors seeking a foothold and growth on the African continent, including tax incentives, financing, and a one-stop bureau service for international companies. For a minimum real estate investment of USD 316,000 in the new luxury golf and eco-friendly President’s Links Estate in Walvis Bay, successful investors will receive a five-year, renewable work permit which gives them the right to live, do business, and study in Namibia.

Group Head of Private Clients at Henley & Partners, Dominic Volek, says, “We are delighted to announce this innovative new residence by investment offering in Africa. Namibia’s stunning landscape, attractive tax system, and business-friendly environment make it an ideal option for international entrepreneurs, high-net-worth individuals, or retirees. There are fewer than 600 real estate units available in this exclusive coastal estate that qualifies for residence, so investors need to move quickly if they want to take advantage of this limited opportunity to secure residence rights in one of the most nature- and wildlife rich countries in the world.”

One of Africa’s fastest growing private wealth markets

The total private wealth currently held on the African continent is USD 2.1 trillion and is expected to rise by 38% over the next 10 years, according to the Africa Wealth Report, published by Henley & Partners in partnership with New World Wealth. Namibia is expected to be one of Africa’s fastest growing markets going forward, with high-net-worth individual (those with wealth of USD 1 million or more) growth of over 60% forecast for the next decade (until 2032). According to New World Wealth’s December 2022 statistics, Namibia holds USD 26 billion in total investable wealth. The average wealth of a resident of Namibia (wealth per capita) is USD 10,050, ranking as the third highest in Africa after Mauritius and South Africa. The nation is home to around 2,100 high-net-worth individuals and three centi-millionaires (with wealth of USD 100 million or more).

To attract inward investment, the government has made major improvements to its tax system in recent years. Namibia operates a source-based tax system, which means that foreign residents are generally only taxed on the income they generate in the country. What is more, tax rates are relatively competitive compared with many other emerging markets and particularly with neighboring countries such as South Africa. The top rate of income tax in Namibia is a modest 37%, but perhaps most notably there are no capital gains, estate, gift, inheritance, or net wealth/worth taxes.

Unprecedented interest in domicile diversification

Currently, the President’s Links Estate is the only investment route for the Namibia Residence by Investment Program. Group Head of Real Estate at Henley & Partners, Thomas Scott, says international real estate has always been a reliable asset class for global investors due to its long-term staying power. “Real estate–linked investment migration programs such as the offering in Namibia have the additional advantages of enhancing your global mobility and expanding your personal access rights as a resident or citizen of additional jurisdictions, creating optionality in terms of where you and your family can live, work, study, retire, and invest. The potential gains over the lifetime of this investment include the core value of the asset, rental yields, and global access as an ultimate hedge against both regional and global volatility.”

Volek points out that there has been significant and ongoing growth in the demand for residence and citizenship by investment options over the past few years. “The appeal of investment migration for affluent families is truly universal due to its many benefits, ranging from domicile diversification to global mobility enhancement, to accessing world-class education and healthcare, to having a plan B in times of turmoil. No matter where you were born, or where you currently reside, wealthy investors can futureproof themselves and their families for whatever might lie ahead through investment migration options such as the new Namibia Residence by Investment Program.”

Media Contact

Sarah Nicklin
Group Head of PR
sarah.nicklin@henleyglobal.com
Mobile: +27 72 464 8965

GlobeNewswire Distribution ID 1000795319

Sudan public: New policies fail to address ‘disastrous’ economic situation

Traders, vendors, consumers, and economists in Khartoum denounced the doubling of customs duties on more than 100 import commodities and the Ministry of Finance’s intention to lift subsidies on gas, warning of dire consequences. The amendments to several laws by the Ministry of Finance aim to give the military institution more power over the economy, a lawyer told Radio Dabanga.

Various people from Omdurman told Radio Dabanga that “the unjustified increase” in customs duties from 15 to 30 per cent “will worsen livelihoods even more.”

A merchant at the Omdurman Market said that they all are affected by the increases, which he said would lead to more economic stagnation. “The month of Ramadan is approaching and people need to buy extra commodities to prepare for the fasting month,” he said.

Ibrahim Abdallah said that lifting gas subsidies will increase people’s suffering. The increase in customs will affect prices and lead to further weakening of purchasing power, said the Mansoura neighbourhood grocery owner.

Shopper Fatima Adam called on Sudanese politicians “to abandon their conflicts over seats and deal with the disastrous economic situation.”

Amal El Sayed, a housewife, complained that she is forced to sell homemade ice cream on the street to supplement their household expenses.

Amna, another housewife, also complained about the deterioration of the economic situation with the advent of the month of Ramadan. “The increase in customs duties on imported goods will definitely increase our suffering and lead to hunger, as many people hardly eat enough anymore.”

People in Darfur also rejected the recent “unfair decisions” taken by the Ministry of Finance. El Tijani Yousef, head of the West Darfur Chamber of Commerce, said that the 100 per cent increase in customs duties already led to a significant rise in prices.

“The country has been in a state of general stagnation for months. Many exports and imports have already stopped.” He called on politicians to give priority to the “common interest” and end the current political, economic, and security crises by reaching a consensus.

Economic consequences

The decision to increase customs duties has been described by many economists as “adding fuel to the fire” of Sudan’s economic malaise. Economist Haisam Fathi confirmed that the increase will increase poverty rates in the country, especially since the poverty rate already exceeds 65 per cent.

He told Radio Dabanga that “the decision of the Finance Ministry is bad and ill-considered” and explained that “the government wants to use the levies to finance the budget.?The 2023 national budget depends on customs fees and an increase in service fees.”

He called on the authorities “to limit the spread of financial and administrative corruption, along with unemployment, instead of exhausting people through levies.”

The economist explained that “the problem of the Sudanese economy is represented in the lack of volume of exports and dependence on imports, which led to the scarcity of foreign currencies and rise of the exchange rate.”?

He said that “the government’s random behaviour has led to an imbalance in the general budget and an increase in the deficit. They should focus on investment, production, and export. The volume of imports should be reduced and localising production in Sudan should be prioritised, as “the country lacks policies protecting domestic industries,” said Fathi.

“Recession and reduced household purchasing power are major concerns in the aftermath of the coup, and will likely drive Sudan’s economic growth rate into negative territory,” according to a report by the Sudan Transparency and Policy Tracker published on February 20. The widening trade deficit is “mainly due to a nearly fivefold increase in petroleum imports.”

Military control

As for the various amendments to laws by the Ministry of Finance earlier this month, lawyer Samir Sheikh Idris told Radio Dabanga that “the new authority over public money aims to give the military control over large parts of the Sudanese economy. In this way, the security and military companies are able to escape accountability.”

He wondered about “the purpose of making law amendments related to economic aspects at a time when a final agreement on power and wealth sharing and legal reforms between the military junta and the civilian opposition is to be expected soon.”

Idris said that the amendments “were engineered according to the will of the coup d’état authorities to shape the future.”?He explained that “the subordination of the General Audit Bureau to the Finance Ministry aims to evade economic accountability for companies related to the military and security apparatus.”?

The lawyer did not rule out that the amendments were done to satisfy international financial institutions such as the International Monetary Fund to accelerate debt relief. The number of people in need of humanitarian assistance in Sudan will rise to 15.8 million in 2023, equivalent to about a third of the population, which represents an increase of 1.5 million over 2022, according to the United Nations Office for the Coordination of Humanitarian Aid (OCHA) in Sudan.

Source: Radio Dabanga

Protests against privatisation in Sudan spark detentions

Authorities in Red Sea state detained two leaders of the Ports Workers Union following protests against the privatisation of terminals of the?Green Harbour on the east side of?Port Sudan. Oil workers were detained inside their residential compound following a protest at Sufyan oil field in Abu Karinka, East Darfur.

Port workers said that the authorities “lured” trade union leaders Osman Taher and Siddig Abu Samra and detained them in Port Sudan on Tuesday.

On Monday and Tuesday, seaports workers staged protests to reject the privatisation of the Green Harbour terminals, during the visit of the ministers of Finance and Transportation to Red Sea state. There was a significant security presence at the Coral Hotel in Port Sudan where the ministerial delegation participated in a blue economy workshop.

Abboud Sherbini, a ports trade union leader, told Radio Dabanga that the protests aimed to send a message about the workers’ rejection of privatising the Green Harbour terminals to the acting ministers of Finance and Transportation.

He said that the new general manager of the Green Harbour, Captain Mohamed Mukhtar, agrees with the demands of the workers.?

Trade union leader Osman Taher, in a speech to the protest vigil in front of the Coral Hotel on Monday, demanded the dismissal of the Minister of Transportation.

He said that he holds him accountable for the plans to sell the ports. The workers “refuse any kind of deal during the current constitutional vacuum and in the absence of a government.” He threatened to escalate the protests if the Green Harbour terminals are privatised.

Workers at the Southern Port in Port Sudan went on strike against the appointment of a new executive director for the southern port by the Federal Ministry of Transport and Infrastructure on December 10, 2020.

The workers in Port Sudan have a long history of resisting privatisation in the port, fearing that it will steer money and power away from workers.

As previously reported by Radio Dabanga, acting Foreign Minister Ali El Sadig says an agreement designed to enable banks to perform their role in the development of Sudan’s economy, has been negotiated between Sudan, the United Arab Emirates, and the private sectors. He said that the Sudanese and Emirati delegations “agreed to establish large strategic economic partnerships in roads, ports, railway, military cooperation, and exchange of experiences”.

Oil field closure

On Sunday, protesters closed the Sufyan oil field in Abu Karinka to call for improved development and employment by the companies operating in the area.

After communication with the petrol energy company management, the Oil Workers Association denounced the proposed security and evacuation plan for the staff. “It made the workers at the site suffer critical and disturbing living and security conditions.”

The Association holds the company and the Ministry of Energy and Oil responsible for the safety of the workers.

One day of closure is estimated to cause losses of 4,000 barrels of light crude oil production, the Oil Workers Association said in a statement on Monday.

Oil workers were detained inside their residential compound and the electricity generators were cut off during the protest.

Late October, the Oil Workers Association reported that protesters closed the El Neem, Dafra, and Balila oil fields in West Kordofan. The pipeline connecting the Heglig-Khartoum Refinery and Port Sudan was also blocked. The statement accused the acting Minister of Energy and Oil, Mohamed Abdalla, and “the opportunists around him” of ignoring reports about the deteriorating security situation in the El Neem, Balila and Dafra oil fields.

Source: Radio Dabanga

Skyline condemns Sudan authorities’ refusal to register Journalists Syndicate

Skyline International for Human Rights is “astonished” by the decision of the Sudanese authorities to refuse the official registration of the Journalists Syndicate within the country’s trade unions, according to a press statement on Monday.

The Registrar General of Labor Organisations justified its refusal to accept the Journalists Syndicate’s application on the pretext that it violated the 2010 Law on Trade Unions. The international organisation, which is based in Stockholm, Sweden, stressed that “this delay and refusal is an incomprehensible violation of the legal provisions that guarantee it.”

20 trade unions and professional associations issued a joint statement expressing their condemnation: “The refusal of the existing authority to recognise democratic trade unions is a violation of human rights.”

They pointed out that the refusal “is considered an abandonment of Convention 87 on Freedom of Association and the Right to Organise,” which Sudan has ratified and which has been in force since March 2022. The joint statement called on all independent and emerging trade union organisations to join the international labour principles and declare their trade union solidarity with the Journalists Syndicate and other trade union organisations.

Skyline expressed concern that “the decision not to register the Journalists Syndicate may have a political dimension, especially as local human rights news and reports reflect an escalation in arrests and detentions of dissidents, media workers, and activists under the pretext of belonging to the former regime and committing crimes against the state.”

Skyline called on the Sudanese authorities “to allow the Journalists Syndicate to be registered in the lists of professional syndicates and to grant it the necessary licenses based on Sudanese and international legislation.” The organisation also called for the cease of “persecution and arrest campaigns against dissidents, activists, and journalists.”

On October 24, Sudan’s Supreme Court decreed the reinstatement of the unions and federations that were dissolved by the now-disbanded Empowerment Removal Committee* in March 2019 and cancel all the procedures that resulted from ERC’s work. These unions were suspended again at the end of November.

Since last October’s military coup, Sudanese state ministers and officials have resorted to practices?used by the former regime of dictator Omar Al Bashir, such?as piling on bureaucratic procedures to extract profit and attempting to interfere in NGO procurements, according to aid workers, experts, and UN agencies.

On October 23, Sudan’s Humanitarian Aid Commission (HAC) cancelled the registration of the Sudanese Consumer Protection Society, after telecom companies cut off the internet connection of the Association despite a number of official complaints.

The controversial cancellation came almost two months after the HAC allowed the re-registration of 23 non-governmental organisations and associations which “represent hidden facades” of the dissolved NCP.

Source: Radio Dabanga