Janngo pledges €60 million at Davos to back African startups leveraging technology to achieve the SDGs
January 20, 2020 | 0 Comments
Janngo unveils Janngo Capital Startup Fund, its €60m Venture Capital fund dedicated to financing tech-enabled startup accelerating progress towards the Sustainable Development Goals (SDGs) in Africa, with a €15m anchor investment by the European Investment Bank
ABIDJAN, Ivory Coast, January 20, 2020/ — On the eve of its participation to the 50th World Economic Forum, Janngo (http://www.Janngo.Africa) pledges 60€ million to back technology startups with a double bottom line approach through its dedicated investment vehicle Janngo Capital Startup Fund. The fund is a first of its kind Venture Capital & Impact vehicle investing from seed through growth stage across Africa and targeting at least 50% of startups founded, co-founded or benefiting women. This initiative is part of Janngo’s broader commitment on financing the SDGs in Africa, as a member of the Goalkeepers Community and the Global Future Council on the New Economic Agenda of the World Economic Forum.
Entrepreneurship, a powerful engine to provide decent economic opportunities and create jobs in Africa
In Africa, only 3 million jobs are created every year when at least 20 to 30 million jobs will be needed to absorb its fast growing labor force in the coming years. In this context, unlocking entrepreneurship is a critical lever to massively increase the supply of decent jobs and bridge the unemployment gap, both in the formal or informal sector.
“In 2050, we’ll be roughly 2.2 billion people in Africa, which means that we need to find now massive ways to feed, educate, house, care for and employ more than 1 billion people in less than 30 years. We believe traditional development models have failed because they were unbalanced and unsustainable either only focusing on commercial returns or too heavily aid-based : our thesis strikes the right balance between delivering solid returns to our investors while being socially accountable, solving key market failures and leveraging technology to help leapfrog development. That’s ourikigai (http://bit.ly/2TFUOVm), our reason for being, as Janngo means “Tomorrow” or “Future” in Fulani.” explains Fatoumata BA, Executive Chair of Janngo and Managing Partner of Janngo Capital.
Venture Capital as a way to bridge gender inequality in accessing funding
African women are known to be the most entrepreneurial in the world with a 26% Total Entrepreneurial Rate in Sub-Saharan Africa where they are twice as likely to start a business than elsewhere (Source : Roland Berger). Yet, there is currently a $42 billion funding gap for women entrepreneurs in Africa according to the African Development Bank. Additionally, the larger the ticket size, the harder it is for women in emerging markets to get access to capital with only 10% of women entrepreneurs able to raise money from Series A vs 49% at seed stage.
“At Janngo, we believe that talent is equally distributed between men and women but opportunities aren’t; especially in terms of access to capital. That is why we are proud to be a female-led VC fund investing 50% of our proceeds in startups founded, co-founded by or benefiting women” adds Fatoumata BA, Executive Chair of Janngo and Managing Partner of Janngo Capital.
Financing the Sustainable Development Goals in Africa : the need for a stakeholder approach to accelerate progress towards delivery in the next decade
With a €60 million investment vehicle 100% dedicated to African startups achieving both an economic performance and a social impact, Janngo’s commitment is paving the way for SDGs financing in the Venture Capital Space in Africa. This pool of capital includes a €15 million ticket from the European Investment Bank (EIB), the world’s largest multilateral financial institution and the biggest provider of climate finance.
“Thanks to the support of the EIB, we will be able to invest between €50 000 and €5 million, from seed through growth stage in startups all across Africa demonstrating the ability to deliver financial and social returns. Every past investment and every startup in our dealflow is mapped against the 17 SDGs; their ability to create jobs for women, for young people and green jobs is also assessed. We act not only as financial partners but as operating partners with a very hands-on and long-term approach as well as an ecosystem thinking. That is why we have engaged with stakeholders sharing the same vision through our partnership with the EIB, our contribution to the WEF conversation on Financing the SDGs during Davos Annual Meeting and our commitment to the Goalkeepers community. We have a decade to deliver on the Goals and the clock is ticking : we need more than a positive capitalism, we need a stakeholder capitalism” concludes Fatoumata BA, Executive Chair of Janngo and Managing Partner of Janngo Capital.
Janngo (http://www.Janngo.Africa) builds, grows and invests in pan-African digital champions with proven business models and inclusive social impact. We build digital ecosystems in high growth sectors by providing business support and digital platforms allowing Small and Medium Enterprises (SMEs) to scale and contribute to the economic empowerment of youth and women through job creation and capacity building.
Zimbabwe Civil Society Organisations Scaling Up Nutrition Alliance calls on govt to make SMART commitments in preparation for the 2020 Japan Nutrition for Growth summit
January 20, 2020 | 0 Comments
By Wallace Mawire
Zimbabwe Civil Society Organisations Scaling Up Nutrition Alliance (ZCSOSUNA) formed in July 2013 with the aim of providing a platform for Civil Society Organisations (CSOs) in Zimbabwe to contribute to the global Scaling Up Nutrition (SUN) initiatives is concerned that there is no substantial report to provide information on the progress that has so far been made on nutrition issues in the country.
According to Kudakwashe Zombe, ZCSOSUNA National Coordinator, according to the Global Nutrition Report 2019, Zimbabwe has made progress in meeting its 2013 commitments but there were challenges in assessing the progress due to language which was not clear and specific and also the tracking systems and capacity to track the progress was poor.
“It is against this background that we as the civil society are calling on the government to seize this perfect opportunity presented by Japan Nutrition for Growth 2020 Summit to make commitments which are Specific, Measureable, Achievable, Realistic and Time-bound (SMART) and rejuvenate the fight against malnutrition,” Zombe said.
The alliance is made up of several international, regional, national and community based organisations and networks working in various areas including nutrition sensitive programs, WASH programs, livelihoods, small-holder farmers, human rights defenders, women’s groups, humanitarian aid assistance agencies, advocacy and research entities, consumer groups and many others.
According to ZCSOSUNA, the year 2020 presents a perfect opportunity for the Zimbabwe government to renew its commitment towards the fight against malnutrition in all its forms.
It is reported that in December this year, governments of several nations with support from the Japan government will convene and take stock of previous Nutrition For Growth (N4G) commitments and the same platform will be used to renew and make new commitments towards improving the nutrition status of citizens.
It is added that the Tokyo N4G summit provides a historic opportunity to transform the way the world tackles malnutrition. The summit signals the beginning of a new race toward a healthier, better-nourished future, a race to end malnutrition in all its forms in all countries and Zimbabwe cannot be left out, according to ZCSOSUNA.
It is added that this comes at a critical time, with only five years to achieve the World Health Assembly targets on Maternal, Infant and Young Child nutrition and 10 years to reach the SDGs.
It is reported that the commitments to be made at the summit will focus on the following core areas, health, food, resilience, promoting data-driven accountability, securing new investment and driving innovation in nutrition.
“As the country’s Civil Society Alliance in Scaling Up Nutrition, we applaud the government of Zimbabwe for making a commitment during the 2013 London Nutrition for Growth Summit, the commitment was aimed at putting nutrition at the centre of the country’s development agenda and making good nutrition one of the top political priorities as a way of facilitating increased domestic financing for nutrition,” Zombe said.
The government has been urged to formulate SMART commitments which are in line with the summit’s core areas namely health, food, resilience, promoting data-driven accountability, securing new investment and driving innovation in nutrition and to periodically report on progress made in honouring the 2020 commitments.
ZCSOSUNA says that good nutrition is a basic need for everyone, everywhere.
The alliance also adds that imagine a world where all women and children have the nutrition they need to live healthy, productive lives, nurturing their families and communities and putting the world on a path towards greater economic prosperity.
It is added that nutrition fuels ambitions such as for children to go to school ready to learn, stay in school, and go on to better jobs. Nutrition fuels health, providing the foundation for the well-being and that of future generations. Nutrition also fuels progress, investing in collective brainpower meaning a more productive workforce and thriving economies.
It is also added that nutrition fuels the Sustainable Development Goals (SDGs), averting malnutrition will help achieve at least 12 of the 17 SDGs and help create a healthy, prosperous, and stable world in which no one is left behind.
ZCSOSUNA says that investing in nutrition is also one of the best buys in global health and development: for every $1 invested in nutrition, $16 is returned to the local economy.
The alliance adds that the Tokyo Nutrition for Growth (N4G) Summit provides a historic opportunity to transform the way the world tackles the global challenge of malnutrition. The Summit continues the N4G legacy and signals the beginning of a new race towards a healthier, better-nourished future, a race towards ending malnutrition in all its forms in all countries.
“This requires ensuring that all people, including the most vulnerable, have access to safe, affordable and nutritious food by 2030, as called for by the SDGs,” ZCSOSUNA said.
Equatorial Guinea’s Minister of Mines and Hydrocarbons visits the Waltersmith Modular Refinery
January 20, 2020 | 0 Comments
The refinery is on schedule for inauguration in May 2020
MALABO, Equatorial Guinea, January 20, 2020/ — The leadership of Waltersmith Petroman carried out a site visit of the Watersmith Modular Refinery being constructed in southeastern Nigeria with H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea as its guest.
Developed by Waltersmith Petroman Oil in partnership with the Nigerian Content Development and Monitoring Board, the modular refinery embodies Africa’s efforts to generate local value by refining its own oil at home. The refinery is on schedule for inauguration in May 2020, time when its phase 2 will start to boost refining capacity from 5,000 bopd to 30,000 bopd.
The refinery is also a path opener for many Nigerian operators of marginal fields, demonstrating how the exploitation of smaller assets such as Waltersmith’s Ibigwe field can generate value from upstream to downstream and help African nations meet their energy security agenda.
“I am truly impressed by the nature and advancement of this project,” declared H.E. Gabriel Mbaga Obiang Lima during his visit of the site. “I share our industry’s belief that it is high time for Africans to start refining and processing our own crude at home to maximize our energy security, create local jobs and add value to our economies. Creating the right public-private partnerships will be of great benefit to all of countries and business leaders. I salute Waltersmith Petroman for the work they do here.”
Equatorial Guinea is currently rolling out its Year of Investment initiative, which is attracting investment across several projects from upstream to downstream. These notably include a goal of building two refineries on Bioko island and in Bata (Mainland) to serve the domestic and regional market.
During his visit, H.E. Gabriel Mbaga Obiang Lima also confirmed his participation and attendance at the upcoming Nigeria International Petroleum Summit, set to take place in Abuja on February 9-12, 2020.
Five Southern African Countries Receive Food Humanitarian Aid From European Union.
January 18, 2020 | 0 Comments
By Nevson Mpofu
Five Southern African countries Zimbabwe, Eswathini , Madagascan , Swaziland and Zambia will benefit from the 18,7 million humanitarian aid which will first serve the most affected country Zimbabwe . The aid is directed towards alleviating adverse effects of drought, a result of climate change.
Drought in the Southern African region is a result of floods, less rainfall, lack of inputs leading to Agricultural drought and some other reasons which are basically natural and anthropogenic. Zimbabwe will benefit from the aid resulting in distribution of food to vulnerable affected communities around the country.
According to Janez Lenarcic , EU Commissioner for Crisis Management , Zimbabwe , some Southern African states and the Indian Ocean countries face enormous challenges related to food crisis . This , already known results from effects of climate change which go hand in hand with Elmina and lamina, very less, sometimes very high rains. These rains cause floods which destroy crops resulting in hydrological drought. Sometimes rains are far less, this leading to meteorological drought.
‘’Many poor house-holds in drought stricken communities in Southern Africa and Indian Ocean Region struggle to get food due to crop failure caused by massive and harsh drought conditions . This part of the region is highly prone to floods, disasters and hazards. Failure to receive good rain, reduced water and economic crisis cause a number of challenges’’.
Janez highlights that Zimbabwe is more affected hence why it is getting more aid .The remaining amount will go to other countries mentioned above facing the same challenges. There are almost 12 million people facing drought in Zimbabwe. This is because it is the country that receives below average rainfall annually. .It is also severely hit by floods this resulting in food crisis. Since 2019 EU has given humanitarian aid up to 67, 95 million Euro dollars which is 75, 75 US Dollars.
Al-Sumait Prize 2020 Call for Nominations
January 16, 2020 | 0 Comments
|The Prize is to be awarded annually to individuals or institutions within one of the proposed three fields (Food Security, Health and Education)|
KUWAIT CITY, Kuwait, January 15, 2020/ — The Amir of the State of Kuwait, His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, announced an initiative to the third African Arab Summit hosted by the State of Kuwait. This initiative established an annual award by the State of Kuwait for the advancement of economic, social, human resources, and infrastructure development in the African continent titled the “Dr. Abdulrahman Al-Sumait Prize”, after a Kuwaiti physician who spent his lifetime dedicated towards helping the poor in Africa in the field of health and education. The Prize is to be awarded annually to individuals or institutions within one of the proposed three fields (Food Security, Health and Education), and has a value of $1,000,000 (One million US dollars). The Board of Trustees (BOT) for the prize oversees the Prize, The Kuwait Foundation for the Advancement of Sciences (KFAS) (www.KFAS.com) provides administrative and logistic support.
The awarded research/ initiative/ projects should help African nations to overcome poverty, hunger, lack of potable water, injustice or to improve health care, literacy and the allocation of economic resources.
The area for the 2020 prize is Education:
The Prize is to be awarded to individuals or institutions who through their research projects or initiatives have made signiﬁcant advancement within one or more of the following areas (or other related fields):
Improving peoples access to basic education, vocational & training programs and/or higher education.
Improving literacy among all members of society.
Decreasing the dependence of children’s education on the socio-economical status of their parents.
Conditions and requirements:
The nominated candidates’ research work or projects and initiatives must be innovative and must have achieved high-impact in line with international standards for the Prize.
The submitted work must be of paramount importance in promoting significant economic, social, human resources and infrastructure development in the the African continent within the announced field of the prize. Submitted research work of a nominated candidate should be composed of studies and applied research, published in peer reviewed journals and recognized at a global level within the announced field. The research outcome needs to have been applied after publication in African countries within the past ten years. Adequate supporting evidence needs to be provided including collaboration with African and international NGO’s and institutions.
Nominations are to be accepted from institutions and scientific centers (universities, institutes and centers of scientific research) as well as from competent regional or international and UN organizations and awards and former winners in the field of the prize or former evaluation members. Self-nominations are not acceptable
All submissions must be submitted in English. If the work is carried out in other working UN languages, a comprehensive summary of the nominated work in English must be submitted.
Fill in the prize application form and send it along with the scientific production works electronically in PDF format via CD, DVD, Flash Memory or via the Kuwait Foundation for the Advancement of Sciences (KFAS) Prizes Office email email@example.com The nomination form can be obtained from the www.AlSumaitPrize.org/nominations. Applications are addressed to the Director General of the foundation.
The application and submitted works must be received before 30/06/2020
Yale President Peter Salovey visits Nigeria to expand partnerships
January 16, 2020 | 0 Comments
LAGOS, NIGERIA, January 15, 2020, -/African Media Agency (AMA)/- Peter Salovey, Yale University’s president, arrived in Nigeria this week to deliver on the promise of the Yale Africa Initiative, a long-term university wide commitment to enhance Yale’s ongoing bilateral engagement with African institutions and to bring African scholarship, research, and education at Yale into sharper focus. He will participate with the university’s collaborators in meetings, events, tours, and other activities to build and strengthen Yale’s research and educational partnerships across the continent.
As he arrived in Lagos with a delegation of Yale faculty and staff members, Professor Salovey remarked, “In a world that is growing in complexity and becoming more interrelated, successful universities will embrace global networks and exchanges. While in Nigeria, home to the continent’s largest economy, I am looking forward to meeting with some truly extraordinary people. With this visit I hope to build on Yale’s robust relationships in Nigeria and other nations in Africa to strengthen education, research, and scholarship in the global community.”
The Yale Women’s Leadership Forum, a major program of the Yale Africa Initiative, takes place on Saturday, January 18. Professor Salovey and Ms. Emma Sky (director of Yale’s Maurice R. Greenberg World Fellows Program and a senior fellow of the Yale Jackson Institute) will offer welcoming remarks and participate in the forum. The event will also feature remarks from Ms. Maria Teresa Fernandez De La Vega, president of Spanish Council of State and president of Fundación Mujeres por África (Women for Africa Foundation).
The forum is part of a flagship program established in 2015 and sponsored by Yale in partnership with Fundación Mujeres por África and Banco Santander. It aims to amplify the effectiveness and influence of women in African governments by serving as a catalyst for open dialogue and fostering mentoring relationships between one generation of African women leaders and the next.
The forum will feature personal leadership testimonials from a panel of program alumni: Obiageli Ezekwesili (from Nigeria), Ramatoulaye Diallo (Mali), Maria Kiwanuka (Uganda), Remi Sonaiya (Nigeria), and Nana Oye Lithur (Ghana). The discussion will be moderated by Olabosipo Sawyerr-Bassey, a graduate of the Yale School of Management (Class of 2007) from Nigeria, and Stephanie Busari (journalist and editor at CNN International, based in Nigeria). A special session of the program will focus on reaffirming the commitment to and developing leadership approaches toward the achievement of the UN sustainable development goals. The forum will conclude with remarks from Ms. Obiageli Ezekwesili (Richard von Weizsäcker Fellow, presidential candidate of Nigeria’s 2019 election, and former vice president for the World Bank’s Africa Region).
The Lagos Business School, along with three other schools in Africa, is a member of the Global Network for Advanced Management, a network of over 30 business schools around the world launched in 2012 by Yale and other institutions. Professor Salovey’s trip includes a visit to the Lagos campus of Pan Atlantic University where he will meet with Dr. Enase Okonedo, dean of Lagos Business School, and members of the school’s leadership team. Professor Salovey will deliver a lecture to students, faculty, and invited guests on the topic of “Emotional Intelligence and Leadership in Business.” Following his talk, Professor Salovey will participate in a question and answer session with audience members.
While in Lagos, Professor Salovey will meet with officials to finalize plans to expand the HAPPINESS Project (Health Action for Psychiatric Problems In Nigeria including Epilepsy and Substances), an ongoing Yale partnership with the government of Imo State, Nigeria. This pioneering program aims to increase access to effective, evidence-based treatments for mental and neurological disorders in underserved areas of the country, using technology and existing care infrastructure.
The HAPPINESS project oversees the training of primary care workers in rural communities to screen for, assess, and manage these disorders in their communities. Initiated in 2018, the project is a collaboration between Yale School of Medicine’s Department of Psychiatry and Imo State University Teaching Hospital. It is supported by the Yale Global Mental Health Program, CBM International, and the Imo State Primary Health Care Development Agency.
Yale has three alumni clubs across Africa-in Nigeria, Ghana, and South Africa. During Professor Salovey’s visit, he will be participating in a networking reception with officials and members of the Yale Club of Nigeria. The event will include Dr. Haroun Adamu (Yale College Class of ’70) and Mr. Lawrence Fubara Anga (Yale College Class of ’80), the president and vice-president, respectively, of the Yale Club of Nigeria.
Early in his trip, Professor Salovey will visit Heirs Holding, a pan-African financial services institution, where he will discuss African entrepreneurship with Mr. Tony Elumelu, chairman of Heirs Holding and the Tony Elumelu Foundation. Professor Salovey will also visit Techpoint , the largest tech media agency in Africa, where he will participate in a town hall-style meeting and interactive discussion with key leaders in the Lagos technology entrepreneurship ecosystem.
Plans are underway for an exhibition in 2021 dedicated to the work of the twentieth-century Nigerian sculptor Bámgbóyè at the Yale University Art Gallery in New Haven; it will feature a number of works on loan from the National Museum. Professor Salovey will tour the galleries of the National Museum with Mrs. Edith Ekunke (head of museums for the National Commission for Museums and Monuments), Mrs. Omotayo Adeboye (curator at the National Museum), and Mr. James Green, assistant curator of African art at the Yale University Art Gallery. The group will discuss a planned collaborative research and conservation project, in partnership with Yale’s Institute for the Preservation of Cultural Heritage, which will involve in-depth research into the works on loan along with the training of conservation staff from the National Museum both in Lagos and New Haven.
The Yale Africa Initiative is a commitment announced by Professor Salovey in his inaugural remarks in 2013 to foster new directions in research on Africa and to identify new partnerships and deepen current ones, all while transforming the educational experiences and career opportunities of students at Yale and in Africa. Through the Yale Africa Initiative, Yale continues to leverage the power of partnerships and global networks across the continent to create new knowledge in science, public health, business, and other disciplines and to improve lives around the globe.
DORALEH CONTAINER TERMINAL (DCT) :A fair compensation in accordance with international law is the only possible outcome
January 16, 2020 | 0 Comments
DJIBOUTI, Republic of Djibouti, January 16, 2020,-/African Media Agency (AMA)/- On 14 January 2020, DP World announced in a press release that, on 10 January 2020, a sole arbitrator appointed by the London Court of International Arbitration issued a new arbitral award in DP World’s dispute with the Republic of Djibouti concerning the termination on 22 February 2018 of the Concession Agreement for the container terminal of Doraleh.
This ruling comes as no surprise. It is merely the outcome of the iniquitous provisions of the concession, which could force a sovereign State to set aside and disregard its own national law, in order to revive a concession that was terminated on the grounds of the higher interest of the Djiboutian nation, and for the exclusive benefit of a foreign-owned company.
Under no circumstances can the Republic of Djibouti accept such a ruling, which was handed down in an arbitration in which it did not take part and which flouts the rules of international law. These rules allow a sovereign State to terminate any contract for reasons of higher national interest subject to the payment of fair compensation.
In this dispute, the Republic of Djibouti reasserts the position it has expressed consistently since February 2018.
- The termination of the Concession Agreement for the Doraleh Container Terminal, awarded in 2006 to DCT (Doraleh Container Terminal), a joint venture between the Djibouti International Port Authority and DP World, was decided in the context of a legal framework that had previously been adopted by the Djiboutian parliament on 8 November 2017.
- DP World’s operation of the terminal had proved to be contrary to the fundamental interests of the nation. Its continuation would have seriously harmed Djibouti’s economic and social priorities by placing unacceptable restrictions on its development policy and giving a foreign-owned company total control over one of its most strategic infrastructure.The Doraleh container terminal had not been operated to its full potential by DCT in order, obviously, to protect DP World’s operations in Dubai. Since the concession ended, the port’s activity has increased by 30%.
- Despite several attempts to renegotiate the concession, initiated by the government in accordance with Djiboutian law, DP World persistently refused to consider the government’s legitimate demands to redress an inherently asymmetrical relationship in order to allow its citizens to enjoy the benefits of the efficient operation of the terminal.
- Rather than comply with Djiboutian law and accept the Government’s proposals (at both the contract renegotiation and post-termination compensation stages), the DP World group preferred to initiate a full-scale judicial and media battle against the Republic of Djibouti and its partners.
- To this end, DP World had no qualms about using DCT, of which it is only a minority shareholder, to serve its own interests and to disrespect, unscrupulously, the decisions handed down by the Djiboutian courts in strict compliance with the adversarial principle. These courts appointed a provisional administrator in place of DCT’s corporate bodies and annulled the resolution of the Board of Directors which, under pressure applied by DP World, authorised DCT to initiate the arbitration procedure whose decisions today have been obtained on the basis of the DP World’ unilateral actions.
- In any case, the concession contract has been terminated, a public enterprise specifically created for this purpose now manages this infrastructure and there can obviously be no question of imposing any contracting party on a sovereign State, especially in order to operate its strategic infrastructure.
- As the Republic of Djibouti has consistently indicated since the termination of the concession, the only possible outcome is allocation of fair compensation in accordance with international law. The State of Djibouti remains, as it has done so from the outset of this process, willing to negotiate the terms of a mutually satisfactory solution, but cannot accept arbitrary “convictions” that disregard the interests of the country and so-called “independent” expertise that can in no way serve as a financial “basis” for an agreement between the parties.
*Distributed by African Media Agency (AMA) on behalf of the Presidency of the Republic of Djibouti.
Cameroon University Campaign: Leadership is not determined by Money – Angelle Kwemo tells TEF Prospective Applicants
January 13, 2020 | 0 Comments
By Boris Esono Nwenfor
Students of some higher institutions in Buea, South West Region of Cameroon have been schooled on how to apply for the Tony Elumelu Foundation (TEF) Entrepreneurship Program with the students urged not to focus on the seed capital but the training they will derive from it.
The TEF 2020 Application Workshops dubbed Cameroon University Campaigns, at HIBMAT (Higher Institute of Business Management and Technology), and HIMS (Higher Institute of Management Studies), was moderated by TEF Alumni Mentor, and special guest Ms. Angelle Kwemo as the students were educated on the opportunities that are involved in applying for the TEF Programme.
“What makes business people or entrepreneurs is not necessarily the money but the leadership, vision, resilience and so on. The biggest asset of the TEF programme is the knowledge, the library, expertise, training, and it is more important than the seed capital that will be given,” Ms. Angelle Kwemo, President of Believe in Africa said.
This was the same worry re-echoed by the President of HIBMAT Jude Chilaka who said, “…the very first motivating factor should not be the money, but the passion, the drive to do what you are truly called to do — the willingness to serve mankind. Should any of them benefit the seed capital, and squander it, it will not help them or their community in any way”
“They (students) should rather focus on the training because money or no money, they should be able to learn, and be able to take care of their family. As an entrepreneur the money will eventually come and it doesn’t come at the very beginning of a business venture. So this training will give them the idea of how to manage their capital, and finance and if they are not knowledgeable in this aspect, there is practically no way they can succeed in their business activity.”
But for the present crisis in the Anglophone regions, such opportunities will have been made available to the students, according to the President of the Institution. “In 2016, the institution tried to independently implement what is being done and with the coming of TEF, it is going to create an impact on the students, and the community,” Jude Chilaka added.
The Tony Elumelu Foundation’s $100 million entrepreneurship program is the Foundation’s flagship entrepreneurship initiative and will support 10,000 African entrepreneurs over the next decade, leading to the creation of a million new jobs and adding 10 billion dollars in annual turnover to the African economy.
Successful entrepreneurs participate in intensive online training during which they are mentored and obtain, after validation of their Business Plan, launch funding of $5,000. With the support of several partners, the TEF has for the year 2019 trained almost 8,289 entrepreneurs and funded 5,149 Africans.
For Ms. Angelle Kwemo, “it’s a great honor to support this initiative. Our organization (Believe in Africa) is committed to supporting young people and women in their ambition to reach financial autonomy. Since its launch in 2015, 460 Cameroonian entrepreneurs have been funded by the Tony Elumelu Foundation, including very few students. This awareness campaign among campuses therefore aims to help students see entrepreneurship as a possible career option, and to expose them to business opportunities.”
“Students are a great asset for the development of our economy. This awareness campaign offers us the opportunity to expose students to the entrepreneurial world, thereby enabling them to avoid the pitfalls of unemployment,” She added.
It has been noticed the students especially females do not apply for such initiative as Ms. Kwemo notes, they have issues that are preoccupying their mind in their personal life, job life or emotional life it is difficult for them to apply. “But it is growing, and very year we have more and more women. 75 per cent of those who attended are females and definitely we will have more applying,” She said.
The Tony Elumelu Foundation is a philanthropic organization based and funded in Africa, founded in 2010, by philanthropist and business leader Tony O. Elumelu, CON, which is committed to promoting African economic growth by empowering African entrepreneurship.
Believe in Africa is a non-profit organization launched in Washington DC in 2014. Its mission is to promote African solution to Africa problems, and to promote the role of the African private sector.
Norwegian Elite Club Embraces UN Sustainable Development Goals
January 10, 2020 | 0 Comments
– Paul Meissner and Danny Hayes working with FK Bodø/Glimt to take Action Now Program Global
FK Bodø/Glimt is a professional Norwegian soccer club which ended second in the Norwegian League this season (2019). As the second best team in the country the club will be playing qualifying matches for Europe League next season (2020). Over the last year, the club has made the United Nations 17 Sustainable Development Goals (UN SDGs) a central dimension for the club for the 2019 season. We call this program Action Now.
The UN SDGs are the blueprint to achieve a better and more sustainable future for all. They address the global challenges we face, including those related to health, poverty, inequality, climate change, environmental degradation, peace and justice.
Our goal is to put the UN SDGs on the local and global agenda by developing a program with bigger relevance for future development, both regionally and globally, through partnerships with international companies, sports clubs, program ambassadors and sponsors.
It is important that we as a sports club make wise choices and work in a direction that means that we have a planet that lives for the generations to come. We saw the opportunity to be a first mover in Norwegian football (and in Europe as well), and wanted to take lead in an important work for the whole society, and become a communication platform for companies and other actors who want to tell their good sustainable stories – take lead in future development.
Our pilot/program are a sustainable hub for business partners and the society around us and has 5 components:
1. All our home games have a match partner (corporate sponsor). This partner connects to one of the UN SDGs. Every week we then make publicity for the match partner – (telling their story of sustainable solutions for the future) in all our commercial channels – Facebook, Instagram, local newspaper, LED – advertising and big screen.
2. We play our matches with the slogan – Action Now -on the back of our Jersey. Companies that work with sustainable solutions for the future are invited to be partners with the club – and we call them Ambassadors for a sustainable future.
3. We have also made a Green Action Now jerseys with the logos of the relevant goals of UN SDGs.
4. We have a network of partners (8 meetings a year) and for 2019 we focus on the partners sustainable work/stories.
5. All teams in our youth department has chosen their own SDGs – and are doing specific activities in our society.
Paul Meissner and Danny Hayes have been an inspiration for our team and have taken a part in the strategic development of the Action Now Program, and also to take the Action Now Program global. We are very grateful for the support, strategic guidance and international relationships they have brought to our team and to our initiative.
We warmly welcome the opportunity to cooperate with new partners who share our goal of a commitment to the UN SDGs.
*Courtesy of FK Bodø/Glimt
RENEWABLE DEVELOPMENT CORPORATION ANNOUNCES MAJOR INVESTMENT PLANS IN ASIA
January 10, 2020 | 0 Comments
– US firms form consortium to develop renewable energy & smart city in Kaohsiung
Kaohsiung, Taiwan (January 9, 2020) – Renewable Development Corporation (RDC) announces today in Kaohsiung, Taiwan that it has completed preliminary feasibility study and has tentatively agreed with allies and partners to conduct a series of investments in renewable energy and smart city redevelopment in the Kaohsiung area. RDC is a US company specializing in renewable energy and smart grid development worldwide. The company focuses on resilient and smart city design, implementation and development by working with its partners such as EYP Mission Critical and JLL, to develop and implement these projects in Europe, North America and Asia.
“Our communities, urban or rural, have become more and more complex and dependent upon mission critically reliable, intelligently dynamic and sustainably renewable sources of power supply. The combination of renewable and eco-friendly energy controlled by decentralized smart grid systems and the power hungry data centers that run big data cloud computing to support modern day smart city applications will continue to be the direction of our future,” said William Yuan, Chairman of RDC. “We are pleased to announce that we have entered into an agreement with our partners to develop and invest in these projects to make the world we’re living in a better one.” Yuan wrote in a letter of intent (LOI) that was submitted by Leo Chan, President of RDC Asia-Pacific to the Kaohsiung city government on January 9th, 2020.
A study by BP indicates that Asia, including China and India, will represent 43% of global energy demand by 2040, and through that year, the region will account for more than 50% of the growth in demand. In contrast, energy demand among the 36 nations in the OECD, which includes most big economies in the Americas and Europe, will be flat. Worldwide, demand for oil will peak in around 2034, according to Vitol, a Switzerland-based energy and commodity trading company. Wood Mackenzie, a commercial intelligence consultancy, reckons demand in the developed world has probably already topped out, with the OECD expected to move into structural decline by next year. The global demand for liquid fuel is about to see its growth rate take a dramatic dip over the next five years.
“We are excited to be part of the RDC team to deliver data centers that run solely on clean and renewable energy.” said Hans Chia, President of General Eco Energy Co., Limited (GEE). The demand for electricity seems insatiable, especially in Asia. Electrification rates continue to rise across the globe, with Asia expected to be close to 100% coverage by 2030. Much of that growth in demand may be supplied by renewables and nuclear power rather than fossil fuel-generated power, although natural gas is expected to play a role for years to come. It also may be accomplished through a decentralization of generating capacity, such as recent rural electrification projects in places like Malawi and Bangladesh where farmers and villages use solar panels and small generators to provide their own electricity.
“EYP Mission Critical Facilities is very excited to be a part of the RDC team and their global program for smart cities, highly energy efficient buildings and data centers. We look forward to playing an important role helping the group achieve its vision in the US, Europe and Asia in this growing segment. We will be working closely with RDC and collocating their team members as needed in various offices in the US, Europe and Asia.” says EYP MCF Managing Partner Rick Einhorn.
In an effort to redevelop the city, Kaohsiung government has called for international companies to invest in the region. RDC and partners formed a consortium to study the feasibility of putting a double rings over the Love River of Kaohsiung near the Piers area.
A world famous attraction design firm Jack Rouse Associates (JRA) joined the consortium after RDC and Cupkovic Architecture LLC who provided the conceptual design of the double rings project entered into an agreement with a signed Memorandum of Understanding (MOU). “This is definitely a unique and bold design, and very doable too. We are thrilled to be involved in this project.” Keith James, CEO of JRA said in the meeting with the Kaohsiung city government, as he was touring the sites potentially slated for the project development on Thursday, Jan 9, 2020.
About RDC RDC is a renewables and digital infrastructure development company committed to tackling the world’s global climate crisis through innovations in technology and finance. RDC is focused on the transformation of energy, data, wind and solar to transition the world to a Net Zero environment.
About EYP MCF
EYPMCF is a pioneering consultancy in the data center and critical facilities industry with over two decades of experience assisting its clients plan, design, test and efficiently operate their facilities. With client across many verticals, from enterprise to institutional, colocation and hyperscale EYPMCF has unmatched experience and the capabilities to deliver projects of any size. With a global presence and projects in over 40 countries, it continues to drive new solutions and thought leading concepts to market that benefit its customer base.
About JLL JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About JRA As a team of practical dreamers, JRA plans, designs, and realizes immersive experiences that create memories and excite audiences around the world. JRA understands what it takes to bring ideas to life so that your visitors connect with your story, eager to return. Turning ideas into a successful theme park, attraction, museum, or branded experience is JRA’s specialty.
About GEE General Eco Energy Co., Limited is established in 2014 by former leader of distributed energy business of a large US multinational energy group and industry professional team in Hong Kong. Partnering with one of the leading global infrastructure investment funds in the US, General Eco mainly engaged in development, design research, investment, construction, operation, services of industrial and commercial energy off takers by natural gas and renewable energy combined heat and power projects in Asia. General Eco is an important distributed energy field and development platform.
*For more information, contact firstname.lastname@example.org
Gambia: Gov’t, Diaspora agree to advance Development
January 10, 2020 | 0 Comments
By Bakary Ceesay
Banjul, The Gambia January 8, 2020 – A high level meeting between permanent secretaries, senior government officials from departments and other agencies, and the GK Partners have been considering ways to implement a shared vision of the the need to significantly advance The Gambia.
The meeting, presided over by the Secretary General and Head of the Civil Service, Muhammad B.S. Jallow, was convened at the State House on Wednesday, January 08, 2020. It discussed strategies to decentralise focal persons for the Migration and Sustainable Development Goals (SDGs) Programme of the National Development Plan( NDP) in all sectors across government.
The MSDG project is part of the NDP, and many of the activities within it are part of the flagship programme. As part of the GK Partners’ agreement with Gambia government, there is a whole month dedicated to celebrating the country’s diaspora which is considered its eight region.
“Besides the creation of a Diaspora Directorate at Ministry of Foreign Affairs, there has been some pronouncements at both policy levels and non-state actors to realising the set objectives of the MSDGs. Now, it is thought prudent to set up focal points for this programme across all government sectors,” Secretary General, Mr. Jallow told the meeting.
GK Partners have been organising annual diaspora forum for the third executive year this year. This new strategy will ensure that there is decentralisation of the programme throughout government institutions.
Professor Gibril Faal, the Director of GK Partners and the Migration and SDGs Programme in The Gambia project, explained that the programme came through extensive consultation.
The programme has widely consulted the Diaspora, the business community, NGOs and government through meetings, workshops, webinars, and online researche. It tried to understand how the government can engage the diaspora to partake in the NDP in an enhanced manner.
“We spoke to them on the difficulties and practical challenges they face in their attempts to engage with development policies and practice in The Gambia,” he said.
It also explored the difficulties faced by actors on the ground who are on the receiving end of dealing with the diaspora. That is why the programme is developed in such a manner that opportunities and challenges on both sides have been recognized.
The commonality and the shared vision is the fact that there is consensus that The Gambia needs to significantly move towards advancement. It becomes a question of what each actor can do towards this objective, Faal explained.
“Given that there is so many diverse and difficult things to do, it leaves much room for innovation and complementary action rather than undue competition,” Professor Faal concluded
Gambia: OIC 2022 Conference Centre worth $50M Ready for Inauguration
January 7, 2020 | 0 Comments
By Bakary Ceesay
The Organisation of Islamic Cooperation (OIC) summit conference centre to be held in The Gambia in 2022 will be inaugurated on Saturday 11 January.
The conference centre has 1,031 capacity was constructed by Chinese have now completed work and the building is set for inauguration. The complex cost 50 million dollars and the money is a grant from China.
President Adama Barrow in September 2017 laid the foundation stone for a conference centre as The Gambia braced to host last year’s OIC summit. That planned failed after the imcompletion of the building and the country later allowed Saudi Arabia to host the Muslim-nations-only gathering.
In a press release on Monday from Ministry of Transport, Works and Infrastructure said OIC will be inaugurated by President Adama Barrow on 11 January.
The ministry said: “The OIC, which is a grant by the People’s Republic of China, is a state-of-the-art facility consisting of a plenary hall with seating capacity of 1,031, four adjoining conference halls, VIP rooms, bilateral rooms, press room, meeting rooms, offices, banquet halls and entertainment spaces with beautiful fauna and sea view.
The OIC is a symbol of the friendship and cooperation between The Gambia and The People’s Republic of China.
“The Ministry further informs the public that the International Conference Centre will be named after the former president, ‘late Sir Dawda Kairaba Jawara International Conference Centre’.”