Connect with us

NGOs - SDGs

Aliko Dangote Foundation, UNECA and GBCHealth Advocate Public-Private Sector Partnership for Better Health in Africa

Published

on

The Forum will unify Africa’s key decision makers in exploring opportunities for catalyzing growth in the continent’s economy, through business partnerships to invest in the health sector

ADDIS ABABA: Top African leaders including Heads of States, Ministers, CEOs as well as representatives from the African Union and United Nations will converge at the inaugural Africa Business: Health Forum (AB:HF) (www.AfricaBusinessHealthForum.com) taking place in Ethiopia on 12th February 2019 on the margins of the 32nd African Union Summit.

The Forum will unify Africa’s key decision makers in exploring opportunities for catalyzing growth in the continent’s economy, through business partnerships to invest in the health sector.

The inter-relationship between the health of employees and economic growth is increasingly taking center stage in many African countries, and business is being pushed to exploring how to maximize shareholder value as a complex interplay between financial, human, social and environmental return.

African business entrepreneurs are waking up to the reality that good health is good business, and investing in health is both a business and social imperative, with studies showing that by 2030, business opportunities in the health and wellness sector will reach $1.8 trillion in current prices.

Investing in African health systems is an opportunity to accelerate economic development and growth, contribute to saving millions of lives, prevent life-long disabilities, and move countries closer to achieving SDGs and Africa’s Agenda 2063.

“From a business standpoint, we are beginning to see the opportunities that could be created by focusing on improving and investing in health,” says Aigboje Aig-Imoukhuede, a renowned financier and Co- Chair, GBCHealth. “There is a need to close the gap on the inequality of life in Africa from a healthcare standpoint and we must look to develop a universal plan that shifts the needle as far as healthcare in Africa is concerned. Health must cease being a source of pain, and become a source of prosperity instead.”

The AB:HF is the vision of GBCHealth, the United Nations Economic Commission for Africa (UNECA), and the Aliko Dangote Foundation, with the objective of driving business leadership, strengthening partnerships, and facilitating investments to change the face of healthcare in Africa.

The Forum will culminate in the launch of the African Business Coalition for Health (ABCHealth), a coalition that will mobilize a core group of private sector champions through a coordinated platform to advance health outcomes and shape health systems across Africa.

ABCHealth will serve as the regional platform to unlock synergies that will contribute more directly to a healthy and prosperous Africa, enabled by collaboration and business partnerships.

Reiterating the need for business leaders to key into this vision, Aliko Dangote, Group President, Dangote Group and Chairman, Aliko Dangote Foundation, said: “The best way to move Africa forward is for businesses to step up in health care and take bold action. We must work together, across industries and with governments and communities, to foster innovation and drive more strategic investments that benefit us collectively. The time is now for a new era of cooperation in Africa that will position its people, communities and businesses for success, now and in the future.” Good health is not only an outcome of, but also a foundation for, development

Vera Songwe, Executive Secretary, UNECA said: “The Commission will play a role in the design and implementation of policy frameworks around the financing of healthcare through Public Private Partnerships and the private sector. Building on the African Continental Free Trade Area (AfCFTA), this will also encourage regional transboundary health investments especially in the pharmaceutical sector.”

 

About AB:HF:

Africa Business: Health Forum (AB:HF) (www.AfricaBusinessHealthForum.com) is a platform instituted by GBCHealth, the United Nations Economic Commission for Africa (UNECA) and the Aliko Dangote Foundation to broker private sector commitments to health across Africa.

About GBCHealth:

GBCHealth (www.GBCHealth.org) is dedicated to leveraging the resources and expertise of the private sector to meet today’s most pressing health challenges. Founded in 2001, under the leadership of Ambassador Richard C. Holbrooke, GBCHealth has built a strong track record of mobilizing business action to address workplace and community health issues. Today, the organization works with a network of more than 300 organizations globally to drive partnerships and collective action in areas of greatest need.

Mr Aig-Imoukhuede has served on the GBCHealth Board since 2011 and is widely recognized as a successful entrepreneur, business leader and proponent of corporate social responsibility in the African business community.

About the UN Economic Commission for Africa (UNECA):

Established by the Economic and Social Council (ECOSOC) of the United Nations (UN) in 1958 as one of the UN’s five regional commissions, UNECA’s (www.UNECA.org) mandate is to promote the economic and social development of its member States, foster intra-regional integration, and promote international cooperation for Africa’s development. UNECA also provides technical advisory services to African governments, intergovernmental organizations and institutions. In addition, it formulates and promotes development assistance programs and acts as the executing agency for relevant operational projects.

Made up of 54 member States, and playing a dual role as a regional arm of the UN and as a key component of the African institutional landscape, UNECA is well positioned to make unique contributions to address the continent’s developmental challenges.

UNECA is headquartered in Addis Ababa, Ethiopia with offices in Rabat, Lusaka, Kigali, Niamey, Yaoundé and Dakar.

About the Aliko Dangote Foundation:

The Aliko Dangote Foundation (www.Dangote.com/foundation) is the philanthropic foundation of Aliko Dangote, Group President, Dangote Group, established with a mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities. The foundation was incorporated in 1994 as a charity in Lagos, Nigeria and has since become the largest private foundation in sub-Saharan Africa, with the largest endowment by a single African donor. The foundation has contributed over $250 million in charitable funds to several causes in Nigeria and Africa over the past four years.

SOURCE: (APO) Africa Business: Health Forum (AB:HF)

NGOs - SDGs

Wildu du Plessis: Commitment to sustainability opening doors to post-pandemic capital in Africa

Published

on

Wildu du Plessis, Head of Africa, Baker McKenzie (Image source: Baker McKenzie)

The industrials, manufacturing and transport (IMT) sector is being hit hard by COVID-19 disruption, but commitment to sustainability could very well lead the sector to recovery. This is according to Baker McKenzie’s report “Sustainable Success: Exploring environmental, social and governance priorities for industrials through COVID-19 and beyond” which revealed that industrialshave taken great leaps forward in relation to environmental, social and governance matters (ESG) in the past decade.  The report outlines how CEOs in the sector have signed up to a new holistic definition of company purpose and most public companies now report on ESG goals. Access to funding is also becoming intricately linked to a commitment to ESG principles, with industrials looking at sustainability initiatives as a way to source capital for projects in Africa.

According to the report, the economic challenges and the huge changes that have turned the world upside down in 2020 cannot be ignored, but the fundamental imperative to embed and prioritise ESG remains — and is arguably more important than ever as the fragility of the world’s current systems and norms is revealed.

The report found that sustainability can be used as a lever of recovery and competitive advantage, where companies proactively consider ESG issues as part of their COVID-19 response and decision-making. Connecting sustainability and business models more closely offers industrials the opportunity to reimagine supply chains, production and revenue streams — the basis for long-term reinvention and success. As such, sustainability is set to be a powerful guiding principle of COVID-19 recovery and a source of advantage for IMT companies. In the fight for post-pandemic capital in Africa, embracing sustainability provides a valuable edge for African industrials. Funding in some areas is already contingent on meeting certain global ESG standards and other investors have followed this lead — requiring documented, planned policies and processes in relation to ESG before investing

Access to capital will be critical to corporate recovery and in ensuring that key industrial and infrastructure projects in Africa can continue. Africa’s leaders have been assessing how best to mobilise capital from local savings pools, shore up development finance from various development finance institutions like the International Finance Corporation, the International Monetary Fund, and the World Bank, and direct capital raised via green bonds towards qualifying projects. 

The market for green and sustainable bonds is set to expand further in the coming years and industrials in Africa are likely beneficiaries of the capital raised. The African Development Bank (AfDB) Green Bond programme, for example, facilitates the bank’s green growth policy by providing capital for eligible climate change projects. Investors are able to finance climate change initiatives via green bonds, which is then allocated to eligible projects.

Green bonds are gaining in popularity across Africa and the larger economies of sub-Saharan Africa have all embraced this.  In 2019, Kenya set up the legal framework and rules for the launch of its first green bond on the Nairobi Securities Exchange,  with the aim of raising capital for green transport, water and energy infrastructure projects in the country. The country announced in 2020 that it planned to issue its first diaspora bond for green infrastructure projects this year, so that Kenyans living abroad could be given the opportunity to participate in the country’s post pandemic recovery via investments in sustainable projects.

Nigeria was the first African country to issue a Sovereign Green Bonds in 2017 and launched its the Green Bond Market Development Programme a year later. The Nigerian Stock Exchange (NSE) Green Bond Market is a platform for green bonds in the country and four bonds are listed on the platform. Late last year, the NSE signed a Memorandum of Understanding with the Luxembourg Stock Exchange to promote cross-listing and trading of green bonds in Nigeria and Luxembourg, with Access Bank’s Green Bond the first to be listed on both exchanges.

Download BAO E-MAGAZINE

In South Africa, in an effort to drive investment and make it easier to list and trade sustainability-linked instruments, the Johannesburg Stock Exchange (JSE) launched a sustainability segment for green bonds in June this year. In July 2020, the African Development Bank invested ZAR 2 billion in Africa’s first Sustainable Development Goals-linked bonds (SDG bonds), which were issued by Nedbank and listed on the newly launched green bonds segment of JSE. This bond issuance is expected to create jobs, promote SMEs run by members of under-represented groups in the country, and act as a catalyst for green projects.

Post pandemic, IMT initiatives in Africa are expected to have a heightened focus on improving Africa’s capacity for green, low-carbon and sustainable development, via, for example, clean energy, community healthcare, green transport, sustainable water, wildlife protection and low-carbon development projects. Wildu du Plessis believes a commitment to ESG principles is clearly taking centre stage in the quest for post pandemic funding, with access to capital for large industrial projects now likely to contain sustainability requirements.

Article by: Wildu du Plessis, Head of Africa, Baker McKenzie

Continue Reading

NGOs - SDGs

Closing The Gender Gap: An Interview with Dream Girl Global (DGG) Founder, Precious Oladokun

Published

on

Dream Girl Global Founder, Precious Oladokun (Image source: Dream Girl Global)

The elimination of gender inequality and achievement of the United Nations SDG 5 on gender equality remains a pressing objective as the global community barrels towards 2030. In this interview, Alaba Ayinuola of Business Africa Online spoke with the Founder of Dream Girl Global (DGG), Precious Oladokun about DGG’s work, gender inequality, and Covid-19. Excerpts.

Alaba: Could you briefly tell us about Dream Girl Global and the gap its filing?

Precious: Dream Girl Global is a non-profit organization that was set up to contribute towards the elimination of gender inequality, and empower young women as a contribution to the 5th Sustainable Development Goal. Specifically, we carry this out through mentorship projects in a bid to empower young girls, encourage them to dream bigger, and help give them excellent head starts at their careers. We are currently in operation in Nigeria and India.

Alaba: What sparked the interest and how are you funding this initiative?

Precious: I have always had a deep rooted passion for gender inequality partly as a result of my experiences as a female in Nigeria, and partly because of the experiences of many other women across the world. Many countries that are poor today have cultural norms that exacerbate favoritism towards males. Norms such as patriarchy and concern for women’s purity help explain the male skewed ratio in India and China, and low female employment in the Middle East, and North Africa. Also, issues like uneven access to education, lack of employment equality, job segregation, and lack of political representation are major reasons behind this initiative.

So far, we have not needed much funding to carry out our projects. However, when there is a need to, we are going to reach out to individuals and organizations with similar interests to help pursue this cause.

Alaba: How does your organization measure its impact?

Precious: Basically, we measure our impact by setting short terms goals, and once a goal is achieved, we mark it out. This gives a clear picture of our activities and generally helps to measure our impact.

Alaba: Kindly share some of your challenges and successes since you launched?

Precious: One major challenge is the refusal of some people to understand the concept of gender equality, resulting in criticism of the cause. Also, the management of data and information is another challenge (yet in a good way). I would rather prefer to refer it as a learning process.

So far, I have been thrilled by the successes that we have recorded. We have been able to reach out to a large number of people through our social media platforms such as LinkedIn, Instagram and Facebook. This has provided an opportunity for us to educate the masses on the importance of gender equality.

Also, we successfully mentored twenty (20) girls in Nigeria and India during our Pilot Mentorship Project that ended a month ago. In Sub-Saharan Africa, only 8% of girls finish secondary school. Imagine what could be achieved if we could start to close this gap and educate more girls.

Alaba: What do you think are the key challenges regarding gender-related issues, both in the workplace and in the home? How might they be overcome?

Precious: In my opinion, the major key challenge is that people do not understand, or more preferably, have chosen not to understand the plight of women. This is particularly prevalent in rural communities. In most societies, there is an inherent belief that men are simply better equipped to handle the best paying jobs. This inequality results in lower income for women, and is one reason why women hardly get recognized among the most financially prosperous persons in the world.

Another challenge is that many men enjoy the dividends of patriarchy, and would prefer to continue to enjoy those. These may be overcome with more sensitization, empowerment of women, and with taking a stand (among other things). By the latter, I mean that people should by their actions and words support gender equality, and call out misogynistic practices.

Alaba: As a social entrepreneur, how has the pandemic affected your work and the organization? How are you prepared post Covid-19?

Precious: Well, the pandemic has not really affected our work per se. Most of what we do involves communication via social media platforms. However, the outbreak of the virus has disrupted our plans to visit secondary schools, low income communities, and households. It is our intention to fully take up these after the pandemic, and we are working earnestly to see that it becomes a reality.

Alaba: What are your three-work-from home tips for founders who are managing a remote team now for the first time?

Precious: Tip no 1: Take full advantage of the internet. The internet is an avenue to explore various opportunities.

Tip no 2: For a founder who is managing a remote team for the first time, you will need to have dedicated, reliable, and self-driven members. You will need people who understand the cause, and are willing to go any length in ensuring that the goals of the organization are achieved.

Tips 3: My last tip is patience. This is a virtue ignored by so many people. Start building, and be dedicated while building. It takes a little patience and it takes a lot of faith but it’s worth the wait.

Alaba: As a young female leader, what drives you?

Precious: I am driven by the possibilities of results, and I am confident that whatever I put my mind to do, I can achieve it. To me, there is no impossibility.

Alaba: What message would you give to younger men and women?

Precious: My message to younger men and women is simple. Build things, watch them grow, and never rush. The key to everything is patience. You get the chicken by hatching the egg, not by smashing it. Another message I feel necessary is the need for younger men and women to develop and build good relationships with people. It will help one go far in life.

Alaba: How do you relax, and what is your favorite tourist destination in Africa?

Precious: I relax by watching movies, swimming, and going to nice restaurants. Regarding my favorite tourist destination in Africa, I would go with Ghana. I have been to a couple of places in Africa, but I find Ghana very interesting because of the people, the culture, and generally everything. But to be honest, there is no place like home. East or West, home is the
best- Nigeria.

Also Read Egyptian FinTech Startup NowPay Scores $2.1 million Seed Investment

P R O F I L E

Precious Oladokun is the Founder of Dream Girl Global; a non profit organization that seeks to empower young girls as a contribution to the fifth sustainable development goal and is currently in operation in Nigeria and India. She also sits on the international board of Uriji, London, a social media company that helps to record dreams for as many years imaginable and help users earn while promoting their passion. She is the youngest and first Nigerian on this Board.

Precious is currently pursuing a career in Law, and is currently a Bar Candidate at the Lagos Campus of the Nigerian Law School. Prior to this, she interned at notable law firms across the Country including Olaniwun Ajayi LP, Templars, Banwo & Ighodalo, and Aluko & Oyebode. She has also served as an external support personnel at global Law Firm, White & Case.

In her spare time, she loves to watch movies, swim, travel, learn French, and taste exquisite dishes.

Sign up: Dream Girl Global

Continue Reading

NGOs - SDGs

World Humanitarian Day 2020: A Tribute to Real Life Heroes

Published

on

Onyeka Akpaida, Rendra Foundation Women in the Kuchingoro IDP camps (Image Source: Onyeka Akpaida)

“You have not started living until you start giving”-Onyeka Akpaida

The humanitarian crisis has always existed and sometimes when it is not close to home; it is easy to ignore. The Covid-19 pandemic is definitely one that has in a morbid way, united us globally.

In the face of this global pandemic, increased poverty and growing insecurity, humanitarians and front-line workers are going beyond their duty call to make life bearable for those who have been most affected by the pandemic and insecurity crisis.

Many of us grew up watching cartoons and movies of action heroes like Voltron, Captain America etc and we all strived in our imaginations to be like them because they were super cool; however, the front line workers and humanitarians knee-deep in responding to this pandemic are definitely the Heroes worth celebrating today as their needs, pains and challenges have taken a back seat to serving others in need.

Let me introduce you to some of our real-life heroes:

Dr Marie-Roseline, a field coordinator with the World Health Organisation (WHO) and an epidemiologist has a first- hand experience in fighting epidemics under harrowing conditions. She led her team during the Ebola response in the Democratic Republic of the Congo amid a series of violent attacks and this year, WHO sent Marie to the Central African Republic (CAR) to help set up the COVID-19 response.

Here in CAR we have a health crisis in the middle of a protracted humanitarian crisis,” she explains. “We have to build a health system while dealing with an emergency. It makes it very complicated. As doctors, we have committed ourselves to save lives. This is what we do. We cannot leave people to die.”

Nkem Okocha, a social entrepreneur and founder of fintech social enterprise Mamamoni Nigeria went above and beyond for low-income women living in rural and urban slum communities in Lagos state. During the lockdown, Nkem and her team gave relief food packages to these women week after week, putting their safety on the line. As the lockdown gradually eased up, they launched a COVID 19 emergency grant for female micro-entrepreneurs whose businesses were negatively impacted by the pandemic. The grant would help them restart their businesses.

Nkem Okocha, Founder Mamamoni with a female entrepreneur (Image Source: Onyeka Akpaida)

Adaora “Lumina” Mbelu started an accountability group- The Switch-On Bootcamp in April 2020 to teach enhance focus and productivity; ensuring that people could still execute their ideas in the middle of the pandemic. Since its inception in April 2020, the Bootcamp has hosted 2 cohorts and helped over 200 ‘Tribers”. The best part of this story is the group decided to do a Fund-The-Flow campaign as part of their team project aimed at providing sanitary products to adolescent girls and women in underserved communities in Nigeria.

(Image Source: Onyeka Akpaida)

“Given the priority to food distribution during the pandemic, sanitary needs are ignored and it is important for these women to manage their menstruation and associated hygiene with dignity and ease”

They have given out over 6,000 sanitary pads across 12 communities in Nigeria and they intend to continue this campaign.

The WIMBIZ group and Rendra Foundation focused on forcibly displaced women and their families in Northern Nigeria. The WIMBIZ group and Rendra Foundation provided food palliatives to 290 women in the Durumi IDP camp and 130 Women in the Kuchingoro IDP camps respectively.

Women in the Kuchingoro IDP camps (Image Source: Onyeka Akpaida)

Today, World Humanitarian Day, I join the rest of the world to applaud and honour every one working in their little corner of the world, going through extraordinary lengths to help the most vulnerable people whose lives have been upended by COVID-19 pandemic. Your response through commitment, sacrifice and tenacity has gone a long way in managing the increase in humanitarian needs triggered by this global pandemic.

Also Read: Africans Opportunities In Africa Matter

Author: Onyeka Akpaida is a financial service professional with 9+ years of experience in financial inclusion, consumer-centric digital banking and public sector engagement in a top tier leading International Bank and the founder of Rendra Foundation where she works to promote financial inclusion for low-income and migrant women in northern Nigeria.

onyeka@rendrafoundation.org

Rendra Foundation

Continue Reading

Ads

Most Viewed