The first cohort of 41 participants graduated from the Health Management Program developed by PharmAccess Foundation and Enterprise Development Centre of Pan Atlantic University on Friday December 8, 2018.
The first cohort of 41 participants graduated from the Health Management Program developed by PharmAccess Foundation and Enterprise Development Centre of Pan Atlantic University on Friday December 8, 2018.
PharmAccess Foundation has been catalyzing the health markets in Nigeria for over 11 years. In that time, the foundation has designed and implemented various initiatives in the demand as well as the supply sides leading to visible improvement of the healthcare systems in the states and businesses that it supports. Through the Medical Credit Fund, it has provided technical assistance to banks and facilitated the provision of loans to about 400 healthcare businesses amounting to over $5.5 million.
In the course of its work, the PharmAccess realized the need to build the capacity of healthcare providers to run their businesses as profitable entities. This is why it partnered with a reputable institution like Enterprise Development Centre of the Pan Atlantic University to design and deploy the Health Management Program (HMP). The HMP is a blended learning certificate program that is designed to teach healthcare providers about the business of healthcare. With a robust curriculum and a faculty that consists of seasoned local and international healthcare and business professionals, the HMP provides immense value to the attendees. PharmAccess subsidized the tuition fees for the participants graduating today by 50%. This was done in partnership with Commonwealth Development Centre (CDC), UK. PharmAccess also engaged its partner banks, Diamond Bank and Sterling Bank to provide support for the program with the aim of making it more affordable to healthcare professionals all over Nigeria.
The first cohort of the program commenced in December 2017 with 41 participants from the public and private sectors of the healthcare system. Participants came from Lagos, Owerri, Asaba, Warri, Enugu, Calabar, and Awka. The second cohort commenced in September 2018 with participants from other cities like Ilorin and Abuja. This signifies a high level of acceptance of the program by healthcare professionals in Nigeria. According to one of the participants in the first cohort, Dr. Babatunde Olujobi, “Doctors are not taught about business in medical school and this program is one of the best things that has happened in the healthcare in Nigeria recent times. The Healthcare sector will remember PharmAccess positively for this.”
Through its robust network and diverse activities, PharmAccess has provided participants in both cohorts of the HMP immense opportunities to partner with Lagos and Delta States to operate health facilities under a public-private partnership arrangement. This is in line with its vision to strengthen the health systems in Nigeria through an integrated approach.
In her message to the graduands, the Country Director of PharmAccess Foundation, Mrs. Njide Ndili said, “On this day, as we graduate the first cohort of 41 participants, we urge them to become our healthcare ambassadors for good business practices and to carry your knowledge forward to others in their establishment. We also welcome more partners to support us in our efforts and in making this healthcare business training a prerequisite to running a healthcare facility, so that many more healthcare professionals can become beneficiaries of it. What started as a dream in our minds to help build capacity in a structure system has become reality.
From all of us at PharmAccess Group, we congratulate you as you go forth. We remain committed to supporting you as we build our healthcare industry together.”
– PharmAccess Foundation (Image: Vanguard)
Wildu du Plessis: Commitment to sustainability opening doors to post-pandemic capital in Africa
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.
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
Closing The Gender Gap: An Interview with Dream Girl Global (DGG) Founder, Precious Oladokun
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
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.
World Humanitarian Day 2020: A Tribute to Real Life Heroes
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.
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.
“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.
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.
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.
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