Connect with us

Corporate Citizenship

Paxful’s Bitcoin Africa Fund Joins COVID-19 Fight

Published

on

The bitcoin donation campaign aims to provide COVID-19 relief

Paxful: Jennifer Crossley’s heart is warmed with the knowledge that dozens of local families will have a solid meal to eat before bed each night as they face the economic devastation of Covid-19 that has led to an income crisis for many South Africa’s families.

Crossley, founder of GROW Generations Educare in Kensington, Cape Town, is both humbled and delighted that the families of the 60 children who attend her day-care have benefitted from food parcels made possible by donors like Paxful. 

An entrepreneur with a Grade R teaching background, Crossley founded the day-care with her life savings and built it up from humble beginnings to a highly respected institution with the support of GROW with Educare Centres (GROW). Most of her pupils come from poverty-stricken and working-class families who rely on the creche for at least 2 meals a day. With schools closed and economic activity largely halted by COVID-19, many families are worried about putting food on the table.

“I understand the reasons for the lockdown. Unfortunately, however, the impact of the halt to the economy has been difficult for my community and many others to live through,” she said of the national lockdown. But it was her children and their families she was most worried about. Not long into the lockdown, she started receiving desperate messages from her pupils’ families who told her they were running short of money for food, electricity, and other basic necessities.

Bitcoin marketplace responds to a lockdown crisis

Help arrived to ECD Centres like Jennifer’s through the generosity of members of the public, businesses, and an unlikely source – the bitcoin-economy. Passionate about education sector and entrepreneurship, global bitcoin-marketplace Paxful jumped at the opportunity to donate food to GROW Centres and assist in shining a spotlight on the severe challenges faced by the Early Childhood Development (ECD) sector in South Africa as a result of the coronavirus outbreak.

Crossley is not alone. It is estimated that just over 2.7 million children access an ECD programme in South Africa – mainly serving the most vulnerable communities whose household incomes have been severely constrained by the crisis.

“When I heard that food had been donated, it was definitely a miracle at the right moment. There was one Dad who told me the same morning that he had wondered what he was going to cook for his children, and when I told him that GROW had received food parcel donations, he was very thankful,” Crossley said.

“I am very thankful for these generous donations that came just in time. It felt great that my school could be a part of this – making a difference – because every little bit helps,” she said #BuiltWithBitcoin

(Image credit: Paxful)

Paxful’s #BuiltWithBitcoin charitable initiative has a long history of encouraging the bitcoin community to support charitable initiatives around the world. In the midst of the unprecedented COVID-19 pandemic, Paxful is expanding the initiative with the launch of its Africa Fund, which aims to use bitcoin donations to support charities who are tackling the impact of the pandemic on underserved communities. Paxful is kicking off the Fund with a R270 000 ($15 000) donation, and matching any additional donations, up to R270 000 ($15 000), submitted to the Fund by members of the community in bitcoin.

Also Read: Lockdown Bozza: Developed to simplify the lockdown regulations in South Africa

“There has never been a more important time to support micro-enterprises and young children. Not only are ECD Centres vital in the educational, social and emotional development of children, but they are also key contributors to well-functioning communities. The crypto-currency sector is developing a track-record of supporting worthy causes and we’re encouraging our peers and customers to support charities like GROW ECD on the frontlines of the fight against COVID-19,” says Ray Youssef, CEO of Paxful.

Urgent action required for children in need:

Still in its inception phase, Paxful’s Africa Fund, has already provided 8,400 meals across South Africa facilitated by GROW Educare Centres and its parent organization The Clothing Bank; 6,100 masks for frontline workers in Kenya; as well as essential items such as food, vitamin C, sanitizer, face masks, diapers, etc issued to 1,000 underserved people in Nigeria.

“We are incredibly grateful for Paxful and our other donors’ contributions to our hunger relief efforts. The need for food is dire in all the most vulnerable communities across South Africa during these trying times. Many of the children who attend our Educare Centres are dependent on the nutritional meals provided to them daily at our Centres, and with schools closed, in some cases, children are going hungry. Paxful’s donation will have a positive impact on children in need, their families and under-served communities at large,” says Tracey Chambers, CEO of GROW.

“Urgent action is needed, and our organization has acquired the necessary permits to utilize their facilities and capabilities to initiate fundraising and pack food parcels. Any contribution goes a long way as we need all the help that we can get to feed our communities and reach as many people as possible,” concludes Chambers.

See here for how you can donate to Paxful’s #BuiltWithBitcoin Africa Fund.

Issued by Paxful.

Corporate Citizenship

Paxful builds fourth school of its 100 school initiative supporting communities in emerging markets

Published

on

By

Global peer-to-peer bitcoin marketplace, Paxful, has announced that they will be building a fourth school in its #BuiltwithBitcoin‘s 100-school initiative which aims to bring quality education centers to emerging countries. Located in Nigeria, the school will come fully equipped with a state-of-the-art solar-powered and water well system.

The new school will be built in the Ankara Nandu community of Sanga Local in Nigeria and will serve an estimated 100-120 children between the ages of three to six years old. Home to roughly 4,000 people, the city currently has only one school facility which is being used for both primary and secondary school purposes.

“We chose this particular community because of the limited resources and school infrastructure,” says Ray Youssef, CEO and co-founder of Paxful. “They are in dire need of quality learning spaces and this school is an honest representation of the impact Bitcoin can have on societies as a whole, and more specifically, how it can enhance education.”

The new school will double as an adult learning space in the evenings assisting in providing hundreds of people with a supplemental education. In response to safety requirements associated with COVID-19, The company will also provide Personal Protective Equipment for all teachers and students including face-masks and hand sanitizers.

Earlier in September, the company revealed its business expansion into Nigeria, their leading market in Africa in terms of volume and number of users. To strengthen operations and cement a physical presence in the country, Paxful appointed Nena Nwachukwu as Regional Manager for Nigeria.

Movement to empower education in Africa

Supporting over 400 students at present, Paxful’s #BuiltwithBitcoin initiative began in 2017 with partner Zam Zam Water, a humanitarian organisation devoted to eradicating poverty by providing clean, sustainable water and access to quality education to villages across the globe. The first two schools were built in Rwanda and the third school was built in Mukalala Village in Machakos County in Kenya earlier this year.

Through the 100-school plan, the company expects to bring education to nearly 15,000 young people throughout Africa while providing jobs to nearly 300 teachers. All schools, including the newest location in Nigeria, come with water filtration systems, not just to supply the locals, but also to give them an opportunity to sell the water to their local community at a very affordable price.

All the schools are also equipped with solar panels to cut spends on electricity and bypass regular electricity cuts. Paxful covers all fees associated with running a school including teacher and support staff salaries, bills for electricity and water as well as school supplies and uniforms for the students.

Supporting ongoing development and tracking success

All the completed schools under the #BuiltwithBitcoin initiative are progressing and performing very well as the company remains committed in providing the necessary tools and opportunity for the students to succeed. Continuous upgrades are made, and maintenance of the schools are monitored.

Also Read: Ozow launches payment platform that enables financial and digital inclusion for all South Africans

The passing rates within these schools have been higher as the confidence of the students are boosted with each child receiving their own textbooks in addition to basic school stationery supplies. Usually students share handbooks and textbooks and leave them at the school for use by other students.

As the communities always have more students than what the schools’ capacity can cater for, the initiative adopted a two-tier class approach, by having all the schools provide classes in four-hour blocks in the mornings and in the afternoons. This helps to support the highest number of students possible and not allow the quality of education to be affected. Desk space has also been limited to two to three students per bench to facilitate a healthy teaching environment.

Image Source: Paxful

Understanding the important role, they play in the success of the schools and learning journeys of the students, teachers and educators at these schools are also paid 15% above the national average of their salary, respective to their country.

“Each one of our schools follows the curriculum of their respective ministry of education. All textbooks, guidelines, and calendars fulfill all necessary requirements for testing and progress. Local officials have been supportive of the initiative’s efforts as we simply want the students to be able to succeed and graduate onto higher education by ensuring their educational foundation is strong and capable,” adds Youssef.

Aside from building schools, #Builtwithbitcoin has also supported a number of other philanthropic causes in various countries including Kenya and South Africa.

Donations are accepted on a rolling bases on https://BuiltWithBitcoin.org and will be used to aid in the completion of the new school in Nigeria among additional #BuiltwithBitcoin initiatives including Paxful’s Africa Fund for COVID-19. Paxful will kick off donations for building the school in Nigeria with an initial injection of $35,000 of funds in BTC.

Source: Paxful

Continue Reading

Corporate Citizenship

Siemens: Setting the Pace for Good Corporate Citizenship in Nigeria

Published

on

By

Siemens Nigeria CEO, Onyeche Tifase

Nigeria has the largest economy in Sub Saharan Africa driven by growth in agriculture, telecommunications, and services.  It is however predominantly reliant on oil as its main source of foreign exchange earnings and government revenues. The Oil and Gas sector accounts for about 80% of total government revenues and 90% of export earnings. As Africa’s biggest exporter of oil, although Nigeria is well-positioned as a key regional economic player, socio-economic development has been constrained by inadequate power supply, insecurity, illegal cross-border trading, declining infrastructure, restrictive trade policies, prohibitive regulatory environment as well as pervasive corruption in the judiciary, legislature and other government agencies.

Over the years, the burden of responsibility for meeting these challenges eventuated by socio-economic development have fallen on businesses in Nigeria. The Organized Private Sector in Nigeria works collaboratively with key stakeholders to identify and prioritize initiatives which deliver sustainable value especially in the areas of environmental stewardship, healthcare, education, economic empowerment, capacity building and infrastructure development.

There are varying methodologies of engagement including charitable activities and contributions.  However, some companies have expanded beyond this narrow perspective by the integration of socially responsible practices into their core operations. Therein lies the relevance and value of the Siemens Business to Society (B2S) initiative.

Also Read: Lindelwe Lesley Ndlovu, African Risk Capacity (ARC) CEO Shares Goals, Disaster Risk Solutions, COVID-19 and Future

Siemens support for sustainable development in  Nigeria  is driven by their widely acclaimed model Business to Society initiative which is focused on achieving  societal, economic and environmental advancements in the following areas: economic development, environmental sustainability, developing local jobs and skills, providing value-adding innovation, improving quality of life, and positive societal transformation.

Defining the Siemens “Business to Society” model, CEO, Siemens Nigeria, Onyeche Tifase said, “Our ‘Business to Society’ initiative represents the multidimensional ways we approach creating real value in the lives of Nigerians and Nigerian communities.”

“At Siemens, we appreciate how critical it is for businesses to impact on their stakeholders and society in a positive and sustainable manner. We are proud of our heritage and business in Nigeria, but beyond profits, we measure our success in the broader context of the significant value we have added over the last 50 years” she affirmed.

Since 1970, Siemens’ technology, products and services have contributed to driving the Nigerian economy. According to the latest Business to society (B2S) report prepared by Pricewaterhouse Coopers (PwC), in 2019 alone, Siemens contributed a total of $562.5mn in Gross Value add (directly and indirectly) to Nigeria’s GDP through  constructive engagement with industries especially in the  Oil & Gas, Manufacturing and utilities sectors.

The B2S report also reveals that Siemens technology has contributed 9% to Nigeria’s operational power generation installed capacity. Furthermore, the widely acclaimed partnership agreement between Siemens and the Federal Government for the Presidential Power Initiative (PPI) is set to upgrade the electricity grid network and increase operational capacity from 4,500 MW on an average currently, to 25,000 megawatts (MW). According to Tifase “This is a demonstration of our commitment at Siemens to make significant investments in providing value-adding initiatives to address challenges in Nigeria’s power sector”.

Siemens Nigeria remains a strong partner to the Nigerian government in developing local jobs and skills. The company has positively impacted employment with an estimated number of 48,000 jobs linked to Siemens’ business operations in Nigeria.

Furthermore, as part of their commitment to shaping societal transformation, Siemens is taking a leading role in supporting the government’s commitment to fight corruption and improve transparency in the public and private sector. The B2S report stated that Siemens Integrity Initiative (SII) has invested about $1.29mn in Nigeria to promote anti-corruption practices through capacity building and training. Says Tifase “Our social investment programmes have been designed to achieve the highest levels of stakeholder resonance and maximal benefits to the society”.

In addition to these initiatives, Siemens is ideally positioned to meet their goals of improving the quality of life for Nigerians and ensuring environmental sustainability through their partnerships and active participation in initiatives that will provide access to quality healthcare for up to 100,000 Nigerians and achieve a net-zero carbon footprint by 2030.

As an international company present in Nigeria over the last 50 years, Siemens has played a vital role in addressing Nigeria’s socio-economic challenges to ensure an ever-improving society for Nigerians today and future generations. “Siemens is fully aware of the imperative for businesses to impact positively on society and we remain passionately committed to the socio-economic development of Nigeria” Tifase concluded.

Credit: LSF|PR

Continue Reading

NGOs - SDGs

World Humanitarian Day 2020: A Tribute to Real Life Heroes

Published

on

By

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