Bungeni http://bungeni.org/ Fri, 23 Jul 2021 02:20:42 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://bungeni.org/wp-content/uploads/2021/05/bungeni-icon-150x150.png Bungeni http://bungeni.org/ 32 32 Seychelles: African Development Bank approves $ 20 million loan to support Covid-19 recovery – Seychelles https://bungeni.org/2021/07/23/seychelles-african-development-bank-approves-20-million-loan-to-support-covid-19-recovery-seychelles/ Fri, 23 Jul 2021 00:19:35 +0000 https://bungeni.org/2021/07/23/seychelles-african-development-bank-approves-20-million-loan-to-support-covid-19-recovery-seychelles/

The Board of Directors of the African Development Bank Group approved a flexible loan of $ 20 million to finance the Seychelles Governance and Economic Reform Support Program, which is expected to contribute to the macroeconomic stability of the island nation and recovery after Covid-19 in the medium term.

The government program aims to deepen the reforms introduced as part of the Bank’s budget support program for the response to the Covid-19 crisis, approved in June 2020 for $ 10 million. These reforms are expected to advance fiscal sustainability, improve the business environment and Seychelles’ resilience to climate change and the environment.

Bank financing will complement funds from the World Bank and the International Monetary Fund to support reforms that will benefit Seychelles’ private sector, dominated by small businesses. By ensuring that these businesses stay afloat during these difficult times, the operation will have a positive impact on women and young people, while creating jobs and equal opportunities.

Seychelles Minister of Finance, Trade, Investment and Economic Planning Naadir NH Hassan thanked the Bank for being a trusted partner in the development of the country. “The installation comes at an opportune time and will provide much-needed relief given the economic hardships we face in light of the Covid-19 pandemic. This will help the government to close the current budget financing gap and achieve economic development goals as we steer the country on the path of recovery and debt sustainability, ”Hassan said.

The global slowdown resulting from the Covid-19 pandemic has adversely impacted the Seychelles economy, despite government interventions.

“The Covid-19 pandemic has devastated the tourism sector, which contributes around 25% of GDP and accounts for the largest share of total employment,” said Nnenna Nwabufo, director general of the Office of Regional Development and Delivery of the Bank Group in East Africa.

She noted that on the same day the loan was approved, the IMF and the government of Seychelles reached a staff-level agreement for a $ 107 million arrangement under the Fund’s extended financing facility, which underlines the speed of the Bank’s intervention and the strength of the partnership. between the Bank and the IMF.

The pandemic has severely affected the macroeconomic performance of Seychelles. Real GDP growth, which averaged 4.2% in 2016-2019, contracted by 12.9% in 2020. The overall budget deficit ranges between -1.4% and 0.7% of GDP over the period 2016-2019 widened to -19.5% in 2020, while the debt, which stood at 62.3% of GDP at the end of 2018, is now projected at 87.7% at the end of 2021 , according to the Bank’s appraisal report.

The Bank’s approved and ongoing portfolio in Seychelles in July 2021 includes five public sector operations totaling $ 45.7 million. Of these, 53% are in the water supply and sanitation sector and 47% in the multi-sector.

Contact:

Kwasi Kpodo, Department of Communication and External Relations, African Development Bank. Email: w.kpodo@afdb.org

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Representation of leadership is part of wider politics of Islamophobia, says Malayali scho – The New Indian Express https://bungeni.org/2021/07/22/representation-of-leadership-is-part-of-wider-politics-of-islamophobia-says-malayali-scho-the-new-indian-express/ Thu, 22 Jul 2021 23:59:00 +0000 https://bungeni.org/2021/07/22/representation-of-leadership-is-part-of-wider-politics-of-islamophobia-says-malayali-scho-the-new-indian-express/

Through Express news service

Ashraf Kunnummal, Postdoctoral Fellow at the Johannesburg Institute of Advance Studies, University of Johannesburg, South Africa, has studied Beemapally’s layoffs closely. He released an article in 2011, two years after the state’s biggest police layoff. Rajesh Abraham of TNIE met Kunnummal for his interpretation of the film Malik and his description of the events. Extracts.

Q. Is the criticism justified that the film tried to whitewash certain incidents, in particular police shootings?
The political context of the film is problematized due to its particular situation in the politics and history of state violence in Kerala. The disagreement arises in how he problematizes state violence against the Muslim fishermen of Beemapally.

Beemapally is the name of a Masjid in the seaside town of the same name at Thiruvananthapuram with around 28,000 Muslims living in its vicinity, most of whom are lower caste converts. Beemapally was famous for its “informal economy” based on the sale of “illegal” foreign goods. It lies near Cheriyathura dominated by Latin Catholics. Both communities have lived in the region for a long time, with some conflicts.

On May 17, 2009, Kerala police entered the Muslim residential area of ​​Beemapally and shot six men and injured over fifty others. They also killed a 16-year-old boy, Firoz, by attacking him with a bayonet. Police claimed this was done to control Beemapally’s “community-inspired mob” who attempted to attack the neighboring Latin Catholic community and the Church. However, investigative reports from the Popular Union for Civil Liberties and the National Confederation of Human Rights Organizations tell a different story. Their findings indicate that there was no “community conflict” at that time in Beemapally. However, the film shows that there were Muslim community forces – as an invisible hand – that made the police shooting possible.

Q. The film shows that the police were responsible for the shooting while giving a clear note to the political leaders. It also gives the impression that the left is not in power.
There is a misrepresentation of political leadership. The Beemapally police shooting occurred when the head of the CPM, VS Achuthanandan, was the chief minister and Kodiyeri Balakrishnan, the interior minister of the LDF. Judge Ramakrishnan’s Judicial Commission report was shelved by the DFL until 2011.

The UDF government that followed was also unwilling to discuss the committee’s report in the assembly. In addition, the criminal branch approached the First Class Judicial Magistrate of Trivandrum to drop the cases against the police officers involved and there was no criticism from either side of the political spectrum.
The way the film portrays Beemapally’s Muslim political leadership is part of the larger politics of Islamophobia. He tries to shift the blame by showing that residents are being manipulated by their own community leaders. The irony is that an elected local leader of the CPM was in charge of the Beemapally neighborhood at the time.

Q. The film shows weapons imported from abroad.
A CBI investigation had proven that there were no explosives in Beemapally.

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Rays trade for Nelson Cruz as Twins sell https://bungeni.org/2021/07/22/rays-trade-for-nelson-cruz-as-twins-sell/ Thu, 22 Jul 2021 22:50:47 +0000 https://bungeni.org/2021/07/22/rays-trade-for-nelson-cruz-as-twins-sell/

Tampa Bay Rays acquire designated hitter Nelson Cruz from Minnesota Twins. The deal marks the start of major deals ahead of MLB’s July 30 trade deadline.

Minnesota begins a massive sell-off in July by grabbing two leads from the loaded Rays system.

An ageless wonder, Cruz remains one of the best hitters in the league at 41. He resigned with the Twins on a one-year, $ 13 million contract over the winter, believing he would help them get another playoff run.

Instead, Minnesota’s season quickly came to an end in 2021. An abject disaster of one spring made Cruz’s ever-productive bat too attractive an asset to hold onto. The beloved slugger is considered a great mentor to young players in addition to his striking prowess. The Twins could still be active by offering more talent to the contenders – Michael Pineda and Andrelton Simmons are in the last years of their contracts, and rumors have also swirled around young stars José Berríos and Byron Buxton.

The Rays take their first swing in the AL East race

The Rays, the defending AL champions, currently hold the league’s best wild card spot and are only one game away from the Boston Red Sox entering Thursday night’s games. As usual, they are successful with one of the smallest budgets in MLB. Cruz – whose expiring contract helped make him an option for Tampa – will immediately be the team’s highest-paid player. MLB.com’s Mark Feinsand Reports Rays Took Remainder Of Cruz’s Salary, Around $ 5 Million.

He’ll give a boost to an offense that hits more than any other in baseball and hovers around the league average. For his part, Cruz has the lowest strikeout rate of his career and has been particularly productive since early June, slashing by 0.321 / 0.406 / 0.582 in the period that coincided with the MLB crackdown on pitchers using sticky substances.

The lineup upgrade will come with some playing time. Austin Meadows, who has won the lion’s share of DH plate appearances for the Rays, will likely return to a more regular role on the corner. Manuel Margot (who was 2% worse than the league average as an OPS + hitter in 2021) and center-field defensive magician Kevin Kiermaier (18% worse than the league average) are the most likely to feel the pressure.

Nelson Cruz would be heading to the Tampa Bay Rays. (Photo by Brace Hemmelgarn / Minnesota Twins / Getty Images)

Does this change the ratings of AL East?

There’s plenty of time left before the trade deadline, but the Rays’ decision to complete their offense is notable as the Red Sox try to keep the lead in the division while getting almost no offensive production from some key points in the game. alignment, especially first base.

Boston thinks they get a major no-move boost via the return of ace Chris Sale, but Tampa Bay’s +140 odds of winning AL East at BetMGM are expected to change as Cruz’s ultra-reliable production is taken into account.

More from Yahoo Sports:


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Developer: DSD (Cape Town or Johannesburg) X2 at Capitec https://bungeni.org/2021/07/21/developer-dsd-cape-town-or-johannesburg-x2-at-capitec/ Wed, 21 Jul 2021 12:41:44 +0000 https://bungeni.org/2021/07/21/developer-dsd-cape-town-or-johannesburg-x2-at-capitec/

Goal statement

  • Responsible for creating Capitec Bank branchless banking applications according to specifications

Live

  • 5 years of proven experience in software development
  • Experience in the following development languages:
    • Minimum
      • Java Script frameworks
      • XML
      • Html
      • CSS
      • Java
      • JSP
      • SQL
      • Web services
      • Spring

Diploma (minimum)

  • National certificate in grade 12 National certificate

Qualifications (Ideal or Preferred)

  • A relevant tertiary qualification in information technology

Knowledge

Min:

Must have in-depth knowledge of:

  • Computer Systems Development Process (SDLC)
  • Application development
  • Standards and governance
  • Agile development lifecycle
  • Testing practices

Ideal:

Knowledge of:

  • UML
  • Systems analysis and design
  • System architecture (technical design and implementation process)

Strong understanding of:

  • Banking systems environment
  • Banking business model
  • Best Practices for Quality Assurance (QA)
  • Object-oriented development environment (i.e. Java, Spring Framework, JBoss, Hibernate)

Skills

  • communication skills
  • Interpersonal and relational management skills
  • Project management skills (specific to the methodology)
  • Analytical skills
  • Talents for problem solving

Skills

  • Deliver results and meet customer expectations
  • Analyzing
  • Apply expertise and technology
  • Adhere to principles and values
  • Coping with pressures and setbacks

Further information

  • A valid driver’s license is preferable
  • Contactable via their own mobile phone
  • Willingness to work or be available for overtime and / or weekends as needed
  • Clear criminal and credit record

Capitec is committed to diversity and, to the extent possible, all appointments will support the achievement of our employment equity goals.

Find out more / Apply for this position


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Alcohol industry at risk of collapse if South Africa’s lockdown restrictions are not lifted: companies https://bungeni.org/2021/07/21/alcohol-industry-at-risk-of-collapse-if-south-africas-lockdown-restrictions-are-not-lifted-companies/ Wed, 21 Jul 2021 08:46:38 +0000 https://bungeni.org/2021/07/21/alcohol-industry-at-risk-of-collapse-if-south-africas-lockdown-restrictions-are-not-lifted-companies/

After a wave of violence and destruction in KwaZulu-Natal and Gauteng, which saw 161 liquor stores and distribution centers looted and damaged, the alcohol industry has called for the ban on sale to be lifted alcohol so that legal businesses can operate.

He said restrictions must be relaxed to avoid a possible industry-wide collapse – which threatens the livelihoods of a million people supported by the sector.

South Africa moved to an adjusted Level 4 lockdown in late June, with a complete ban on the sale of alcohol in place.

The alcohol industry has faced various forms of restrictions since South Africa introduced its first Covid-19 restrictions in March 2020, with the government arguing that alcohol consumption puts increased pressure on hospitals from the country.

Estimates show that the latest four-week ban put 9,206 jobs in the alcohol industry at risk, with a potential loss of R 10.2 billion in taxes and excise duties.

This follows the three previous bans which resulted in the loss of over 7,400 jobs in the beer industry alone, as well as R14.2 billion in beer sales revenue and over R7.8 billion in losses of taxes and excise duties.

The Beer Association of South Africa (BASA) as well as the Alcohol Traders Association of South Africa (LTASA) and the Vinpro wine group have now written to the Minister of Trade, Industry and Competition, Ebrahim Patel, calling for an urgent meeting to discuss the devastating impact of the ban, and alternative interventions.

“These companies and thousands of others simply will not survive a continued alcohol ban,” BASA said. “At the same time, we know that many South Africans continue to obtain alcohol from the illicit industry, which is already worth R20.5 billion.”

The massive looting of alcohol outlets and vending machines last week in KwaZulu-Natal and Gauteng has further increased the illegal sale of alcohol, making the current ban even more absurd, the association said.

“As a member of the cabinet directly responsible for trade and industry in the country, it is essential that Minister Patel takes into account the concerns of the industry to save a vital sector for our economy, in order to guarantee its capacity to continue to support over a million livelihoods during these difficult times.

No response from Minister Patel’s office has been received to date, the association said.

“The beer industry is publicly calling on Minister Patel to schedule this emergency meeting and step in to save an industry on the brink of collapse.”


Read: South Africa braces for reopening of schools – with key change

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UAP gets more time to settle Sh8bn Old Mutual, Stanbic loan https://bungeni.org/2021/07/20/uap-gets-more-time-to-settle-sh8bn-old-mutual-stanbic-loan/ Tue, 20 Jul 2021 21:00:32 +0000 https://bungeni.org/2021/07/20/uap-gets-more-time-to-settle-sh8bn-old-mutual-stanbic-loan/

Companies

UAP gets more time to settle Sh8bn Old Mutual, Stanbic loan


UAP Insurance Building in Nairobi. PHOTO FILE | NMG

victorjuma_img

summary

  • Insurance group UAP Holdings has restructured 8 billion shillings in loans from its parent company Old Mutual Holdings and Stanbic Bank, delaying repayment of credit facilities by two to three years.
  • A 2.2 billion shilling loan from Stanbic Bank, which was due to mature in January 2021, will now be repaid in 2024.

Insurance group UAP Holdings has restructured 8 billion shillings in loans from its parent company Old Mutual Holdings and Stanbic Bank, delaying repayment of credit facilities by two to three years.

A 2.2 billion shilling loan from Stanbic Bank, which was due to mature in January 2021, will now be repaid in 2024.

“This refinancing deal was made after the year-end in February 2021. The new facility has a three-year term,” UAP said of the Stanbic loan in its latest annual report.

The insurer took out the bank loan on July 17, 2019 and used it to repay its corporate bond, which was then due. The Stanbic loan drew an interest rate based on the central bank rate (currently at seven percent) plus a 1.5 percent margin.

A loan of 5.8 billion shillings from South Africa-based Old Mutual, which has a 66.7% stake in the insurer, was also due in January 2021 and will be paid next year.

“By mutual agreement with the directors of Old Mutual Holdings Limited, the maturity date of loans maturing in January 2021 for a total of 5.8 billion shillings has been extended until 2022, with the directors taking arrangements to settle the loan, ”UAP said in the report.

Part of the Old Mutual loans were used to withdraw a 3.3 billion shillings facility from South Africa-based Nedbank last year.

Old Mutual loans have variable interest rates ranging from 7.6% to 11.1% based on the margins added to various benchmarks including CBR and the 3-month London Interbank Offered Rate (Libor) .

This is the latest loan restructuring at UAP following the insurer’s renegotiation of credit facilities (including those provided by Old Mutual and Stanbic) totaling 10.1 billion shillings in 2019.

UAP also renegotiates the terms of other loans after breaching them.

“During the year one violation was recorded for the Norfund and IFC facilities at UAP Properties in South Sudan. The outstanding balance of the two facilities as at December 31, 2020 was $ 3.3 million (357 million shillings) divided equally between the two lenders, ”said the insurer.

“Repayments continue to be made on loans on a timely basis. To remedy the breach, management urges the lenders to renegotiate the covenants. “

PSU borrowings reached 13 billion shillings in the year ended December, up from 11.4 billion shillings a year earlier, while interest charges over the period fell to 1.1. billion shillings against 1.2 billion shillings.

The insurer reported a net loss of 1.3 billion shillings in the year ended in December, reducing it from 3.4 billion shillings a year earlier.

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The second and third Lions Tests have been moved from Johannesburg to Cape Town https://bungeni.org/2021/07/20/the-second-and-third-lions-tests-have-been-moved-from-johannesburg-to-cape-town/ Tue, 20 Jul 2021 17:47:07 +0000 https://bungeni.org/2021/07/20/the-second-and-third-lions-tests-have-been-moved-from-johannesburg-to-cape-town/

As planned, and as Warren Gatland said a week ago, South Africa Rugby has confirmed that the second and third Tests will be moved from Johannesburg to Cape Town, meaning the British and Irish lions will stay there for the rest. of the tour.

The series was due to return to Johannesburg after the first Cape Town Test on Saturday but the Gauteng region is the epicenter of the third wave of the Covid pandemic.

“However, the decision to stay in Cape Town was made following extensive consultations with medical experts on the risks associated with the delta variant of Covid-19,” the statement from SA Rugby read.

The entire series will thus take place at sea level, which should, in theory, increase the Lions’ chances of winning the series.

“The data only pointed in one direction,” said Jurie Roux, managing director of SA Rugby.

“The series has already been greatly disrupted by the Covid-19 and a return to Gauteng at this time would only increase the risks.

“We now have two teams in biosecure environments with no positive cases or isolated individuals. Going back to highveld now would put the series at further risk.

“Everyone wants to see both teams, at their best, play an unforgettable series over the next three weekends and this decision gives us the best opportunity to see that happen.”

British and Irish Lions general manager Ben Calveley said: “We fully support this decision which we believe is in the best interests of the Test Series.”

Roux thanked Gauteng and the City of Cape Town for their flexibility and understanding to adapt to the late plan change.

“We had great support from the local government, and I want to thank Gauteng and the city of Cape Town for their open engagement in what has been a very difficult time,” said Roux.

“Extraordinary times called for extraordinary measures and we had the support of all our trading partners despite the challenges. “

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The spirit, life and art of South African pop pastor Tsepo Tshola https://bungeni.org/2021/07/20/the-spirit-life-and-art-of-south-african-pop-pastor-tsepo-tshola/ Tue, 20 Jul 2021 14:42:42 +0000 https://bungeni.org/2021/07/20/the-spirit-life-and-art-of-south-african-pop-pastor-tsepo-tshola/

I regret to start this way. No sooner had I struggled to find a way to say goodbye to Mabi Thobejane and Steve Kekana, when South African music lost singer and songwriter Tsepo Tshola.

These three masters of the nation’s musical soul were famous, but not celebrities. Because they never acted like that. Complex personalities and talents, they all had that earthly joviality that always made them accessible and “simple” in the respectful way South Africans use the adjective.

I remember in 1978, during one of my many research tours in Lesotho, a mountainous kingdom surrounded by South Africa, I hung out with the brilliant guitarist and composer Frank Leepa, the drummers Moss Nkofo and the one and only Black Jesus (walking around the grass) and Tsepo, in an old dilapidated storefront opposite Maseru Market.

They were Uhuru Band at the time, and washed away by the success of their first hit, soberly titled Africa. The song only praises and celebrates the mother continent, but South Africa’s apartheid regime was so repressive that the group was banned from performing there. Their manager, Peter Schneider, thought about what to do. Mix up the staff a bit and change their names, I shrugged. And that’s how they finally reappeared as Sankomota – Lesotho’s most famous afro-fusion pop ensemble.

Tsepo would continue to bridge the gap between Lesotho and South Africa at a time of political turmoil. What guided his life and his music would be his fierce sense of belonging to the two nations as one.

Life

He was born in 1953 in the Berea district of western Lesotho, in the quaint “one-street” town of Teyateyaneng or TY. Tsepo, however, had other inspirations for his musical vocation than the night dances at TY’s famous Blue Mountain Inn.

His father Mokoteli was a pastor of the African Methodist Episcopal Church, and Reverend Tshola and his wife MaLimpho were mainstays of the Vertical 8 double vocal quartet. Tsepo has always highlighted this church as his musical alma mater, with its liturgical roots in Africa. -American hymnody (singing or composing hymns).

Tsepo Tshola performs at a jazz festival in South Africa, 2013.
Vathiswa Ruselo / Sowetan / Gallo Images

By 1970 he had already joined Leepa, and they would form Uhuru in 1975. By the late 1970s, now under the name Sankomota, they formed the house group of the Victoria Hotel in Maseru, entertaining luminaries such as Miriam Makeba and Hugh Masekela, exiled from South Africa by their politics.

1983 was their defining year, with South African producer Lloyd Ross of Shifty Records recording their debut album, Sankomota, and the release of the successful Leepa composition It is raining. With Masekela, Tsepo toured southern Africa and ventured to London, where the rest of Sankomota joined him in 1985.

Returning from London with the approach of Nelson Mandela’s release from prison and the end of the white minority regime, Tsepo then joined Masekela on his return to his epoch. Sekunjalo toured South Africa in 1991. Masekela was stunned by the massive adulation with which he was greeted by an audience (including me) that they feared they had forgotten.



Read more: The Village Pope is dead: memory of Tsepo Tshola, the musical giant of Lesotho


Tsepo seized the opportunity to begin what would be his legendary solo career, one that would last until his heartbreaking departure on July 15, 2021. Collaborating and directing vocals to countless leading artists and ensembles, his gritty baritone “Louis Armstrong ”would bring gospel, traditional and pop songs to Sesotho and under the name The Village Pope.

The mind

The interweaving of inner spirit, life and art in Tsepo Tshola’s odyssey cannot be overemphasized. Let me illustrate this through the songs.

Tsepo was surprisingly prolific and continued to compose, record and perform almost until his death. From this monumental catalog, however, a few will certainly be played out as long as the turbulent and bubbling decades that preceded and followed the turn of the 21st century are remembered. These include one of the earlier works, Dad, from Sankomota’s album Write on the wall (1989).

In a religious tone, as ultimately with all of Tsepo’s music, the song includes a solo verse as much intoned in prayer as sung in his hoarse voice:

You’re waiting for your name to be called (What do you say?) Your body is shaking in disbelief (Tell us more)…

In 1994, a newly democratic South Africa saw the release of Tsepo’s signature album, The village pope, the one who gave him forever his name of iconic pastor of South African pop.

Most of the tributes that have poured in in the press and on social media have included this flippant and iconoclastic alias. However, this is not at all an attempt at self-congratulation or promotion, nor a reference to his sometimes harshly paternalistic remonstrances of his musicians in rehearsal and recording. Rather, it is an honorary title proclaiming his unwavering commitment to his loved ones; his home in Lesotho, his close friends and family, his binational identity.

Elevation

Avoiding the traps of fame and superficial, transactional relationships, Tsepo was a devoted husband who never recovered from his wife’s death in 1984. He never remarried, but stayed, as many will sigh. Patriarchs Mosotho, “the father of everyone”. He was back in Teyateyaneng for a family funeral when he fell ill with COVID-19 and died.

Other songs of particular importance include Holokile (Very good) from 1994, based on a hymn and practically a hymn in itself. Indeed, Tsepo’s style has often been referred to as “traditional gospel,” but it is certainly not the right music store trash can.

Tsepo’s style comes from a blend of the afro-pop fusion of “black consciousness” groups such as Sakhile, Stimela, and of course Frank Leepa’s Sankomota in the 1980s, and his own hymnodic upbringing. This is why his songs are more inspiring than festive, and more “step and sway” than dancing. These are ballads to uplift an African nation.

Stop the war, from 1995, is not at all religious tune, but an optimistic pop injunction to South Africans not to fight one another for the spoils of victory over apartheid. During the looting and insurrection that took place on the very day of his death, Stop the war was the song heard on radio stations nationwide.

Finally, there is his catchy and most urban song (no gospel here), Akubutle (Don’t Ask), from 2003, one that never fails to get listeners to their feet in a restaurant, club or party.

BT, as Bra Tsepo was popularly known, we can’t blame you for leaving us, but how are we going to get through all of this without you? Akubutle.

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coalition including Google, GivePower and Silfab Solar brings solar power to one of Africa’s oldest national parks and an important school of peace in the Democratic Republic of Congo | Texas News https://bungeni.org/2021/07/20/coalition-including-google-givepower-and-silfab-solar-brings-solar-power-to-one-of-africas-oldest-national-parks-and-an-important-school-of-peace-in-the-democratic-republic-of-congo-texas-news/ Tue, 20 Jul 2021 10:00:00 +0000 https://bungeni.org/2021/07/20/coalition-including-google-givepower-and-silfab-solar-brings-solar-power-to-one-of-africas-oldest-national-parks-and-an-important-school-of-peace-in-the-democratic-republic-of-congo-texas-news/

AUSTIN, Texas, July 20, 2021 / PRNewswire / – GivePower Foundation, a non-profit organization committed to extending the environmental and social benefits of clean and renewable energy around the world, has completed three solar projects in the Democratic Republic of Congo (DRC) in partnership with Nuru, a Congolese renewable energy company. The facilities, designed to help protect endangered wildlife and support children historically affected by violence, were made possible by Congo Power, an initiative supported by Google, and by Silfab Solar, which generously donated materials. .

Solar projects will help protect endangered wildlife and support children historically affected by violence.

“The work we do with our partners in the Democratic Republic of Congo is both extremely difficult and incredibly meaningful, ”said Hayes Barnard, Founder and Chairman of GivePower. “The DRC is rich in resources that have fueled conflict and instability for decades, while access to electricity remains scarce. Through our collaboration with Congo Power, Google and Silfab Solar, we will collectively open up new opportunities to scale clean energy solutions led by the community. “

Two communities (Tadu and Faradje) surrounding Garamba National Park, a UNESCO World Heritage Site since 1980 where armed conflict and instability in recent decades have led to an increase in poaching, now have mini solar grids that will bring reliable and clean energy to the surface. The mini-grids, which were built and operated by Nuru, were largely funded by the European Union through its partner African Parks Network, a non-profit organization working to revitalize conservation areas currently under threat. With access to stable and affordable electricity, the communities of Tadu and Faradje are less dependent on resource extraction from the park and have a greater capacity to generate sustainable livelihoods that do not degrade the surrounding natural environment.

Additional financial support for solar mini-grids included the forward purchase by Google of Peace Renewable Energy Credits (P-REC), an innovative financing instrument developed by Energy Peace Partners (EPP) to help fund energy projects. high impact renewable energy that promotes peace and stability. . Google’s support further expands the P-REC marketplace launched by EPP and Nuru in the Democratic Republic of Congo in 2020.

The Congo Peace School solar project will help provide vulnerable young people with quality education in a region affected by conflict. In addition to teaching the standard Congolese curriculum, the one-of-a-kind primary and secondary school offers nutritious meals, access to a computer lab, and training in non-violent dispute resolution. The school is run by ABFEC, a Congolese-owned and operated non-profit organization, with financial support from US non-profit organizations Action Kivu and The Dillon Henry Foundation. Action Kivu provides direct assistance to survivors of the current humanitarian crisis by Eastern Congo through entrepreneurship training and education projects rooted in peace and equality.

The three solar projects were led by Congo Power, an initiative launched in 2017 that aims to strengthen responsible trade in minerals and expand economic opportunities in the African Great Lakes region through the deployment of clean energy. The founding members of Congo Power are Google, GivePower, and the grassroots peacebuilding organization Resolve. the University of California at Berkeley Renewable and Appropriate Energy Laboratory, led by Dan Kammen, also plays an important role in measuring and communicating the impact of these solar energy systems.

“We are committed to supporting communities engaged in conflict-free mining, reducing dependency by enabling livelihoods with clean energy, and improving the lives of people living near natural resource extraction sites. Providing access to clean electricity is a powerful way to achieve this ”, mentioned Alyssa newman, supply chain manager at Google and founder of Congo Power. “We are grateful to GivePower for the design and management of our latest Congo Power projects, and to Silfab for the donation of solar equipment that will have a lasting positive impact.”

The facilities in the two communities surrounding Garamba National Park as well as the Congo Peace School project are powered by premium quality solar photovoltaic modules from Silfab Solar. Building on 40 years of experience in solar power and advanced manufacturing technologies, Silfab’s donation will ensure the three sites have constant access to clean energy for many years to come.

“Silfab Solar is proud to have participated in the incredible work done by GivePower, Google and the Congo Power project. We are committed to improving access to clean and sustainable energy around the world and look forward to continuing our collaborations with our GivePower partners. ,” mentionned Geoff atkins, sales and marketing manager at Silfab Solar.

About GivePower

GivePower is a 501 (c) (3) non-profit organization committed to expanding the environmental and social benefits of clean, renewable energy around the world. GivePower uses solar and battery-powered storage technologies to deliver essential services to the developing world. The organization has helped provide clean electricity and water to underserved communities in more than 20 countries in Africa, Asia and Latin America. Visit GivePower at www.givepower.org. Follow GivePower on Facebook, Instagram, Youtube and Twitter.

About Silfab Solaire

Silfab Solar is the North American leader in the design, development and manufacture of ultra-high efficiency, premium quality photovoltaic modules. Silfab leverages 40 years of solar experience and cutting edge technologies to produce the top rated solar modules from facilities in the state of Washington and Toronto, Canada. Each facility has multiple ISO 9001-2015 certified automated production lines using just-in-time manufacturing to deliver specially designed and dedicated Buy American approved PV modules to the North American market. www.silfabsolar.com

Media contacts:

Julia Pyper

Vice President of Communications

jpyper@givepower.org

Aparna Mohla

Vice President of Corporate Partnerships

aparna@givepower.org

Geoff atkins

g.atkins @silfabsolar.com

Phone. : + 1-905-255-2501 Ext. 737

www.silfabsolar.com

View original content to download multimedia: https://www.prnewswire.com/news-releases/coalition-include-google-givepower-and-silfab-solar-brings-solar-power-to-one-of-africas -oldest-national-parks-and-an-eminent-school-of-peace-in-the-democratic-republic-of-the-congo-301337051.html

SOURCE Empower


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What fatherhood taught me about money https://bungeni.org/2021/07/20/what-fatherhood-taught-me-about-money/ Tue, 20 Jul 2021 09:49:55 +0000 https://bungeni.org/2021/07/20/what-fatherhood-taught-me-about-money/

Becoming a parent transforms a person in a profound way. Becoming a dad brought to light my own relationship with money, informed by my childhood, and how it will shape what I want my kids to go through and what mistakes I want them to avoid. More importantly, it gave me a clear reason to go beyond saving to invest. Considering the high cost of education and how it historically rose before inflation, it was important to earn returns above inflation to be able to cover tuition costs in the long run. Now, as my son nears the middle of his first year as a student, I reflect on the money lessons that being a father has taught me.

Lesson # 1: There is no better legacy than education

I have no hesitation in admitting that I spend a disproportionate amount of my income investing in the education of my children, through mutual funds. It is because I teach my children that their heritage is their education, which my parents also taught me.

Many people want their children to have something better than what they had, which is why they believe that it is essential to be able to give their children a good education. While this is true for me, I also believe that education is the key to financial independence, which brings me to lesson no. 2.

Lesson 2: Make Financial Independence a Conversation at the Table

My mother, one of twelve children, took control of our family’s finances, which went against the gender norms expected at the time. As she was an accountant in my father’s shop, I saw how diligent she was in recording every penny she saved and spent after learning to read and write herself, which formed the basis of her financial trick. She was also entrepreneurial and sold clothes locally. I saw how stimulating it was and it taught me a lot.

This, coupled with my mother’s behavior towards money, showed me how important it is to raise my sons and daughters to be confident when handling money. , as well as being financially independent. It is important that they see themselves as the key to their financial success.

Opening an investment account for your child will not only start a conversation about investing, but will also show them the value of investing in the long term. A tax-free investment account in your name is a great way to do this.

I encourage open conversations. No subject of money is ever taboo in our home. I also encourage my children to have “secondary crushes” so as not to rely on “mom and dad’s bank”.

Lesson 3: Look for positive financial role models for your children

Growing up in a large family in India, my great-grandfather could only afford one of my uncles to receive formal tertiary education at a reputable, albeit expensive, medical school abroad. Everyone in the family had to contribute financially to his education. He would come home every semester and tell us about his experience. He also checked with us when we were kids to make sure we went to school. It was the genesis for me to be diligent in school so that I qualify for a formal education.

It was an important lesson and it reminds me that children look for people who embody the things they consider successful and important and often mimic their behavior. The power of shaping good financial habits for your children cannot be underestimated.

Lesson # 3: Start investing early, but sweeten it up with small rewards along the way

There are two distinct memories I have that inform my financial behavior – even today.

First of all, every Monday I went to the Postal Bank to save R5 on a savings account. I would get a stamp in my savings book from the cashier as proof of my savings. It started a habit of diligent saving from an early age.

Second, I was going to school by train. One Thursday, I stopped at Salt River Junction in Cape Town to buy a raspberry snowball and a 200ml bottle of Coke; it was a small gift of my pocket money that I spent just a week after saving money at the post office bank.

Using investment accounts that I opened for my kids, paired with occasional treats, I do something similar to show them that investing doesn’t have to be a burden and that it is important to have a balanced view of investment and spending.

Lesson 4: It’s okay to stumble, but learn from your mistakes

I also learned from my parents’ financial mistakes. My dad wasn’t very good at money and took the wrong kind of risks. This behavior led him to be kidnapped when I was younger –

a painful memory, which still lives in me and which shapes my own attitude towards risk and many problems in life. It was a hard lesson in financial resilience and the consequences of financial irresponsibility. From this destruction, I learned not to overspend, to be as conservative as possible, and to take the right risks.

I have also learned financial discipline and courage and that it is okay to stumble. Financial setbacks are common, and there is no shame in making mistakes; what is important is how you get up and get back on track.

It also means having difficult, honest conversations with family and having to give up luxuries when things aren’t going so well.

Remove barriers this month of savings

Talking about money was once considered a taboo; but it’s up to us as parents to get our kids comfortable with the conversation, invite them to ask questions, and put them on the path to financial well-being.

PERSONAL FINANCES


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