Posts tagged as: social

IOM Moves to Bridge Gap Between Police and Slums

By Abubaker Mayemba

International Organisation for Migration (IOM) on Wednesday launched a series of training sessions aimed at strengthening the counter terrorism unit of the police to fight radicalism through community policing.

The training, part of the Strengthening Social Cohesion in Slum (SSCoS) project, aims at incorporating community policing, and human rights principles into the counter terrorism policing. Also, it seeks to find existing gaps within the force and formulate a quick-reference guide highlighting the key principles to be followed.

Speaking at the launch, Ali Abdi, the IOM chief of mission, observed that the training would improve the officers’ understanding of the sources of grievances which can lead to alienation of community members. The gap between the forces and the community, he said, would leave the latter vulnerable to violent extremism.

“We believe that these trainings-of-trainers sessions will have a real multiplier effect, as the best practices are cascaded down to many other officers, and town-hall meetings are held to enhance trust between the police and the people,” explained Abdi at the SSCoS training held under the theme Your Voice, Your Right Your Protection at Protea hotel in Kampala.

“The trainings will leave the force better placed to work with the communities in a way that prevents violent extremism and improves social cohesion,” he said.

Cedric Merel, the head of cooperation at the EU delegation to Uganda, said the aim of the trainings was to bring the police closer to the people so that they work hand in hand to prevent crime.

Merel observed that in slum areas like Bwaise and Katwe community-police relations are so bad that people get up and run any time they see a police officer.

He revealed that in the first phase, 25 counter terrorism police officers would be trained to become trainers. The

sessions will also incorporate international best human rights practices.

“It is my sincere wish that in the future, when the youths in the slums see police officers, they run towards them, not away from them,” Merel concluded.

The minister of state for Internal Affairs, Mario Obiga Kania, commended the EU and IOM for their efforts in bettering slum dwellers’ lives, especially the youth and women.

Obiga observed that extremism, although not so prevalent in Uganda, is an international problem that must be fought before it spreads. He revealed that government, with the help of international development partners, was combating the vice.

Since January, the EU-funded SSCoS has reached 162 youths below 25 years. They have been trained in vocational skills. It is hoped that up to 1,000 young people will have benefitted from the vocational skills training by 2020 in the slum areas of Bwaise, Katwe, Kisenyi and Kabalagala.

Reasons You Are Not Happy in Your Relationship/Marriage

Photo: Capital FM
opinionBy Dayan Masinde

1. You want perfection

When you want everything to be perfect, you will miss out on the beauty of love. Love is seen in the flaws, storms and struggles. Love is an opportunity to grow. Growth means the two still have areas to improve. Love is not for the perfect but those willing to grow.

2. “You are letting third parties interfere”

If you allow third parties to run and direct your love life you will struggle in your relationship/marriage. Don’t let your parents, siblings and friends micro manage you and your partner/spouse.

3. “You want to copy others”

As long as you want to be like other couples or compete against them, your love life will be empty. No fulfillment comes out of being a copy cat.

4. “You keep shifting goal posts”

When you and your partner/spouse agree on something, don’t keep changing your mind lest you find yourselves going round and round without making progress. If you fail to give your relationship/marriage progress it will make you feel stuck and bored.

5. “You are a control freak”

Wanting everything to go your way will make your partner/spouse tolerate you rather than celebrate you. It also will lead to frustration as life has ups and downs. Don’t develop high blood pressure and become angry when things don’t go your way. Ride the curves and turns life brings. You don’t know everything.

6. “You think you are too grown”

Many think that growing up means you cannot laugh, joke, have fun, play games or do silly stuff. Don’t be uptight. Age in a marriage full of laughter. Tease your spouse. Tickle each other. Watch comedies. Don’t take life too seriously.

7. “You were brought up to think love is hard work”

Love is actually simple, we are the ones who complicate it. The wrong attitude towards relationships and marriages will make love feel like a burden. When you do love right, your partner/spouse becomes the best friend you spend the whole of your life with, not the person you committed to but struggle to be with. Being best friends doesn’t mean it will always be easy or that you will never offend each other, but when tough times come, you will cling tighter together because there’s no one else you’d rather be with.

8. “You are over-spiritualizing marriage”

God is not just interested in your spiritual life. God cares about your social life, your sexual life, your emotions, the food you eat; everything about you. God wants you to be more than a vessel serving, God wants you to enjoy life. God wants you to enjoy the wife of your youth. Stop looking at marriage as an assignment but as a bond of love, a manifestation of God’s goodness.

9. “You are selfish”

When you make the relationship/marriage to be just about you and your needs, it will become bitter. There is joy in giving. Give to your partner/spouse as he/she gives to you. Be mindful of each other.

10. “You are hard to please”

Are you a difficult person? Do you make it difficult for your partner/spouse to please you by being insensitive, condescending, judgemental, dismissive and constantly complaining? Even when good is done to you, you still complain? Learn to appreciate your partner/spouse or you will drive your love down a cliff.

11. “You still look back”

Are you in a relationship or married but you still look back at your ex or past life? You will confuse yourself and destroy the purity and intensity of your current relationship/marriage.

12. “You have a dark view towards sex”

Because sex has brought a lot of pain to many when abused or misused, many tend to have a negative view towards sex, they see sex as evil, dirty, ungodly. These people in marriage are the ones who are rigid when making love. They have sex as an obligation, not for intimacy. They detest different sexual positions claiming sexual curiosity in marriage is wrong. They miss out on the beauty of intimacy.

13. “You are pretending”

There are many who hide secrets from their partner/spouse. They hide who they truly are. They always want to show their good side. And so, they are not vulnerable. They hide their tears, battles and fears from their partner/spouse thereby denying their partner/spouse an opportunity to be there for them. Stop acting you are happy and in charge yet deep down you are hurting, broken and lost. Open up to your partner/spouse so that you can be loved. Stop standing in the way of love by hiding your weaknesses. Relax. Be loved.

14. “You are insecure”

Insecurity will make you dethrone yourself even when your position in your partner/spouse’s life is not under threat. It will make you falsely accuse your partner/spouse for no reason, make you paranoid, make you jealous when you shouldn’t be and will give you sleepless nights. Don’t push your partner/spouse away. Be secure in yourself. Have a healthy self-esteem.

15. “You overthink”

Some people always have to worry. Even when in a romantic setting or when making love, they are anxiously worried. Learn to keep calm. Don’t spoil the moment by always trying to be intellectual.

16. “You are full of pride”

Pride keeps you from admitting you need help and from apologizing. Pride will keep you from learning. When you humble yourself, you will experience the beauty of love and life.

17. “You are in a hurry”

Some want to hurry things up. They want things quickly and give up when it takes a while. Love is a gradual process. Sometimes it is not that your blessings have delayed, but that nurturing takes time.

18. “You disobey God”

The more you rebel against God, the more your love life will suffer. Don’t fight God, the one who came up with the idea of love and marriage.

19. “You are distracted”

Paying romantic attention to someone else besides your partner/spouse, flirting, lusting after another will keep you from giving your best to your partner/spouse. Focus on the one you love.

Why Media Personality Joe Muchiri Is in Trouble At ‘Capital FM’

By Mwende Kasujja

Media personality Joe Muchiri’s social media posts have not only rattled Kenyans online but also his employer Capital FM.

For starters, Joe Muchiri is the producer of Hits not Homework, the evening show on Capital FM. He is also vocal on social media.

So, his latest social media rant commented on a WhatsApp group on how he wished rape for a woman who had stated that she would not vote for Nyashinski.

A female violinist had posted on her social media that she appreciates South Africa’s Nasty C and Nigeria’s Wizkid’s art more and would vote them for the MTVEMA best African act award.

A screenshot of the update was shared in a WhatsApp group of artists and entertainers and Muchiri responded that “a cactus will have sex with her (loose translation)”.

Users have been protesting against Muchiri’s rape comment urging his employer to take action.

Muchiri on Monday apologized to the violinist adding that it was anger that made him react in that way.

I personally apologized to Miss Wanjiru Maina for what I said. I will say it also in a public forum. It was stupid of me & in bad taste. pic.twitter.com/xq0d8YW0Ov

– 🤓 JOEnalist 📰© (@JoeWMuchiri) October 16, 2017

A few seconds of anger made me say what I said. I know I can’t take it back but I asked her for forgiveness & she thankfully accepted. pic.twitter.com/UkjcRkFi2k

– 🤓 JOEnalist 📰© (@JoeWMuchiri) October 16, 2017

I have no excuse for what I said. I am not perfect nor claim to be. We all screw up sometimes it’s life. Haya maisha Sasa iendelee 🙏🏾🙏🏾🙏🏾 pic.twitter.com/qfpR9RqTKY

– 🤓 JOEnalist 📰© (@JoeWMuchiri) October 16, 2017

But on Tuesday, Capital Group in a statement said it “does not condone gender based violence or any form of violence.”

The group added, “We are therefore dealing with the matter with the seriousness it deserves.”

Capital Group’s Statement on Joe W. Muchiri: pic.twitter.com/y56oRqi3CB

– Capital FM Kenya (@CapitalFMKenya) October 17, 2017

Sunflower, Grape Farmers Set to Reap Big From Exim Loans

By Valentine Oforo

Sunflowers and grapes growers in Dodoma Region should be smiling broadly following the decision by the Exim Bank Tanzania to provide soft loans.

The loans, which are interest friendly, were made public during the launch of the bank’s branch at the University of Dodoma (Udom), College of Informatics.

In a brief launch ceremony over the weekend, the Exim Bank Tanzania Head of Human Resources, Mr Frederick Kanga said the bank had decided to expand its footholds in the region in order to supplement efforts by the government to shift its seat from Dar es Salaam to the capital city.

He added that the fast-growing financial institution was planning to support grape and sunflower farmers in the region by providing them with soft capital loans.

Moreover, Mr Kanga revealed that the bank would also come up with schemes that would boost entrepreneurs in the region to grow their businesses.

For her part, the Dodoma District Commissioner, Ms Christine Mndeme challenged the bank to assist the government in speeding up the pace of investments in the Tanzania’s capital.

She underscored the need for the bank to play a role in assisting the entrepreneurs individually in the region by offering the loans they can repay easily.

The Exim Bank Tanzania branch manager, Mr Faiton Samwel assured that through the Cooperate Social Responsibility (CSR), the bank will manage to offer its assistance to various sectors in Dodoma, which range from health, education and agriculture.

He said the bank has so far managed to open 33 branches across the country, adding that they also have branches in Djibouti, Comoro and Uganda.

“We successfully also posted a pre-tax profit of Sh83.3billion making it the fourth biggest bank in terms of assets in Tanzania,” he said.

Tanzania

Shot MP Lissu Out of ICU, Set for Treatment Abroad

Singida East Member of Parliament Tundu Lissu, who is admitted to the Nairobi Hospital after unknown assasins attempted… Read more »

Rwanda:Development Bank Avails Fresh U.S.$700 Million in Credit

Development Bank of Rwanda (BRD) has launched a countrywide campaign to identify potential bankable projects in priority sectors.

The campaign, which started in Nyamata, Bugesera District, seeks to provide loans to local investors in education, agriculture, energy, housing, exports and infrastructure.

BRD has earmarked $707.3 million, which is accessible through commercial banks and savings and credit cooperatives (SACCOs), while the Government, the Private Sector Federation (PSF) and the Rwanda Social Security Board (RSSB) will oversee the implementation of this plan.

“The aim of this campaign is to meet investors with ongoing projects and those with project proposals to see how we can help them develop and thus increase their contribution to national development,” said Livingstone Byamungu, the chief investment officer at BRD.

He said BRD’s meetings with investors are a platform for the bank to explain new opportunities that help investors grow their businesses.

The chairperson of PSF in Bugesera, Eugene Higiro, thanked BRD, saying the funds will promote the private sector in various ways and help the business community contribute towards national development.

Eric Ruzindaza, the Bugesera vice-mayor in charge of economic affairs, urged people to seize the opportunity and use the loans.

The outreach campaign ends in January, and will cover all the districts. The credit will be available next year.

“Usually we do our budget in October and use the rest of the year to identify potential projects to include in our next financial year,” Byamungu said.

He also made it clear that BRD does not only target big investors, but that small and medium entrepreneurs have equal opportunities to access the bank’s credit, either through commercial banks or SACCOs.

He said that, while BRD generally targets projects worth Rwf50 million and above, even investors who require less money can have their projects considered through commercial banks. The prospective investor should, however, be able to finance at least 30 per cent of the project cost.

BRD will channel its credit through Bank of Kigali, I&M Bank, BPR and SACCOs.

The funds will be allocated to key priority sectors with export development taking the lion’s share with $222 million, followed by energy with $185 million, agriculture at $170 million, affordable housing at $66.3 million, and education at $64 million.

However, Byamungu said BRD will also finance infrastructure that is considered as social goods – such as clinics and hospitals, markets, furniture and welding centres, and factories for construction and building materials.

South Africa:Children With Disability Battle to Find Schools

By Thembela Ntongana

According to government figures there are more than 2,000 children with disabilities waiting for schools in the Eastern Cape. GroundUp spoke to two families in Mdantsane near East London.

Boniswa Ntshota, 73, has been caring for her grandson, Hlomla Ntshota, since his mother died in 2008. She says she has been looking for a school for him in Mdantsane for three years.

Ntshota lives in a two-roomed shack. She left the Transkei in 2006 to be closer to medical facilities. She has diabetes, suffers from arthritis and her eyesight is weakening.

Hlomla, 9, does not speak and has to go to physiotherapy on a regular basis. His grandmother says learning to walk took him longer than most children.

“I want him to go to a school that will cater for him. He is old enough now and I want him to play with other children,” she says.

Ntshota says she has spoken to doctors and social workers dealing with Hlomla’s case. But all she has had so far are promises.

Single parent Nontsha Peter from NU11 lives in an RDP house with her 25-year-old son, Sibusiso. He can do little for himself and uses nappies.

From 2001 to 2010, he lived in a school for the disabled in Port Elizabeth. “It was difficult to have my son so far from me, but I had no choice; we couldn’t survive on his social grant alone,” says Peter.

During those years she would bring him home for the December holidays. She would have to hire a car as she couldn’t travel on public transport with him.

One holiday she decided not to take him back to the school because she was unhappy with the condition she had found him in.

She says she has looked everywhere for a school for him. The closest school that accommodates children with disability told her that Sibusiso needed special attention.

“When you are looking after him you have to think for two people. It is a full time job,” she says. “I do it because I am his mother but it is too much for other people.”

She is a domestic worker and when she goes to work she leaves Sibusiso with an elderly aunt. However, the aunt is in very poor health and sometimes spends weeks in hospital, leaving Peter with no help except the neighbours.

“I want a school for him because I would like to rest. I work the whole day and get back home and work again … I need to work because we spend his social grant on nappies,” says Peter.

Children denied their right to education

In September, Basic Education Minister Angie Motshekga said that there were 725 public schools which take disabled learners. That is less than 3% of schools countrywide.

Equal Education Law Centre (EELC) attorney Chandre Stuurman says children with disabilities have a constitutional right to edeucation. “This right is immediately realisable and is not subject to the available resources of government. Despite this, thousands of children with disabilities or children who experience other barriers to learning are out of school or are not being accommodated when placed in an ordinary public school,” says Stuurman.

Provincial manager for Disabled People South Africa Mncedisi Nkota says, “We have a serious crisis. If East London is a city and it is faced with such an issue, how much more in rural areas?”

“The department [of education] talks of inclusive education, which we promote, but the reality is that the department is not ready. It is something that we have been talking about for more than 15 years,” he says.

“We have a number of learners who are on waiting lists and they wait till they are too old to enrol in school, meaning that they miss out on years of education,” said Nkota.

Eastern Cape Department of Education spokesperson Mali Mtima said there were seven schools for the disabled in East London and one in Mdantsane. Four other schools are over 50km away in King William’s Town.

Asked about waiting lists, he said the department was dealing with the problem by creating new schools and increasing full service schools.

Ugandan Bank Fails to Sell All Shares in Mixed Trade

By Bernard Busuulwa

DFCU Bank Ltd’s rights issue was undersubscribed by 4.79 per cent, raising Ush190.67 billion ($52 million) against a target of Ush200 billion ($54.6 million) in a transaction characterised by strong institutional investor appetite and low uptake from retail investors.

The bank’s share price fell shortly after listing of the new shares.

Latest data compiled by Crested Capital, a Ugandan stock brokerage and investment advisory firm, shows that the DFCU rights issue recorded a subscription rate of 95.21 per cent as 250.88 million shares, priced at Ush760 ($0.21) per share, were absorbed.

Some 263,157,895 new shares were on offer, with an allocation ratio of 0.53 to one rights share issued. Abandoned new shares were 12.63 million, valued at Ush9.6 billion ($2.6 million), the data shows.

The rights issue was concluded on September 25 and the new shares floated on the Uganda Securities Exchange on October 10, 2017. The total number of listed shares on DFCU’s counter rose from 497,201,822 shares to 748,082,989 while its market capitalisation grew to Ush561.06 billion ($153 million).

Whereas most institutional investors took up their rights shares, we could not point out specific reasons for the high uptake within this segment.

Arise B.V., DFCU’s largest shareholder increased its stake from 55.08 per cent to 58.71 per cent while the National Social Security Fund increased their interest from 6.28 per cent to 7.69 per cent.

The Kimberlite Frontier Africa Naster Fund L.P-RCKM increased its stake from 5.93 per cent to 6.15 per cent while SSB-Conrad N Hilton Foundation-00FG raised its stake from 0.97 per cent to 0.98 per cent.

Vanderbilt University increased its stake from 0.8 per cent to 0.87 per cent while the Bank of Uganda Staff Retirement Benefits Scheme managed by Stanlib Uganda slightly expanded its stake from 0.58 per cent to 0.59 per cent.

In contrast, SCB Mauritius a/c CDC Group saw its shareholding drop from 15 per cent to 9.97 per cent, a change partly attributed to the company’s desire to exit the business after a 50-year relationship with DFCU while Banque Pictet and Cie sa a/c Blankeney L.P saw its shareholding fall from 0.95 per cent to 0.63 per cent, the data revealed.

DFCU Bank Ltd boasts of 10 institutional investors on its shareholder list that currently hold 88.81 per cent shares, a factor that leaves its fate in the hands of large, deep-pocketed investors.

However, the overall shareholding pegged to retail investors dropped from 12.96 per cent to 11.19 per cent, suggesting low appetite towards the transaction among individual investors.

While some institutional investors were apparently motivated by hopes of a smooth integration of DFCU Bank’s operations with those of the former Crane Bank that it acquired in January, stronger demand for credit, backed by steady declines in the benchmark policy rate and projected economic recovery, retail investors appeared discouraged by insufficient information on the acquisition, The EastAfrican has learnt.

A higher rights issue offer price of Ush760($0.21) compared to a previous trading price of Ush758 ($0.207) also put off many retail investors, with most of them preferring to buy new shares at the USE instead of taking up allocated rights shares.

The Bank of Uganda cut its Central Bank Rate by 0.5 per cent to a record low of 9.5 per cent this month, signalling a further decline in interest rates that’s badly needed to accelerate credit demand and economic growth that grossed just 3.9 per cent at the end of 2016/17.

Uganda:Ugandan Bank Fails to Sell All Shares in Mixed Trade

By Bernard Busuulwa

DFCU Bank Ltd’s rights issue was undersubscribed by 4.79 per cent, raising Ush190.67 billion ($52 million) against a target of Ush200 billion ($54.6 million) in a transaction characterised by strong institutional investor appetite and low uptake from retail investors.

The bank’s share price fell shortly after listing of the new shares.

Latest data compiled by Crested Capital, a Ugandan stock brokerage and investment advisory firm, shows that the DFCU rights issue recorded a subscription rate of 95.21 per cent as 250.88 million shares, priced at Ush760 ($0.21) per share, were absorbed.

Some 263,157,895 new shares were on offer, with an allocation ratio of 0.53 to one rights share issued. Abandoned new shares were 12.63 million, valued at Ush9.6 billion ($2.6 million), the data shows.

The rights issue was concluded on September 25 and the new shares floated on the Uganda Securities Exchange on October 10, 2017. The total number of listed shares on DFCU’s counter rose from 497,201,822 shares to 748,082,989 while its market capitalisation grew to Ush561.06 billion ($153 million).

Whereas most institutional investors took up their rights shares, we could not point out specific reasons for the high uptake within this segment.

Arise B.V., DFCU’s largest shareholder increased its stake from 55.08 per cent to 58.71 per cent while the National Social Security Fund increased their interest from 6.28 per cent to 7.69 per cent.

The Kimberlite Frontier Africa Naster Fund L.P-RCKM increased its stake from 5.93 per cent to 6.15 per cent while SSB-Conrad N Hilton Foundation-00FG raised its stake from 0.97 per cent to 0.98 per cent.

Vanderbilt University increased its stake from 0.8 per cent to 0.87 per cent while the Bank of Uganda Staff Retirement Benefits Scheme managed by Stanlib Uganda slightly expanded its stake from 0.58 per cent to 0.59 per cent.

In contrast, SCB Mauritius a/c CDC Group saw its shareholding drop from 15 per cent to 9.97 per cent, a change partly attributed to the company’s desire to exit the business after a 50-year relationship with DFCU while Banque Pictet and Cie sa a/c Blankeney L.P saw its shareholding fall from 0.95 per cent to 0.63 per cent, the data revealed.

DFCU Bank Ltd boasts of 10 institutional investors on its shareholder list that currently hold 88.81 per cent shares, a factor that leaves its fate in the hands of large, deep-pocketed investors.

However, the overall shareholding pegged to retail investors dropped from 12.96 per cent to 11.19 per cent, suggesting low appetite towards the transaction among individual investors.

While some institutional investors were apparently motivated by hopes of a smooth integration of DFCU Bank’s operations with those of the former Crane Bank that it acquired in January, stronger demand for credit, backed by steady declines in the benchmark policy rate and projected economic recovery, retail investors appeared discouraged by insufficient information on the acquisition, The EastAfrican has learnt.

A higher rights issue offer price of Ush760($0.21) compared to a previous trading price of Ush758 ($0.207) also put off many retail investors, with most of them preferring to buy new shares at the USE instead of taking up allocated rights shares.

The Bank of Uganda cut its Central Bank Rate by 0.5 per cent to a record low of 9.5 per cent this month, signalling a further decline in interest rates that’s badly needed to accelerate credit demand and economic growth that grossed just 3.9 per cent at the end of 2016/17.

Liberia:AfDB Urges Leaders to Attract Young People to Agriculture

The African Development Bank or AfDB has stressed the need for African leaders to attract its young population to agriculture and agribusiness.

In a release issued on the commemoration of the 2017 World Food Day, the Bank said the agriculture sector can potentially create wealth and employment for African youth, thereby stemming migration.

World Food Day, celebrated yearly on October 16, to promote worldwide awareness and action for those who suffer from hunger and the need to ensure food security and nutritious diets for all. This year’s theme focuses on the need to ‘Change the future of migration; Invest in food security and rural development’.

The AfDB’s ENABLE Youth program, which grooming a crop of young agripreneurs, is on course to make this happen, the Bank said.

Mahmud Johnson, 26, is the Founder of J-Palm Liberia which works to improve income for Liberia’s smallholder oil palm farmers by 50-80%. He is also creating additional jobs for over 1,000 young people to work as sales representatives for his products.

“Despite the tremendous odds, we (African youth) are determined to maximize our abundant agricultural resources to create wealth, jobs, and socioeconomic opportunities in our countries and across the continent. We need our stakeholders to view us as serious partners in Africa’s transformation, and to work with us to expand our enterprises,” Mahmud said.

Mahmud and some of his employees have benefited from capacity building programs under the AfDB’s Empowering Novel Agri-Business-Led Employment for Youth initiative.

Like Mahmud, many African youth are passionate about staying back on the continent to create wealth and employment, if given the tools and opportunities to put their skills to use. Under the ENABLE Youth program, the Bank is working with the International Institute for Tropical Agriculture (IITA) to develop a new generation of young commercial farmers and agribusiness entrepreneurs.

“Our goal is to develop 10,000 such young agricultural entrepreneurs per country in the next 10 years. In 2016, the Bank provided US $700 million to support this program in eight countries and we’ve got requests now from 33 countries,” said Adesina.

The Bank considers investment in agriculture as key to making Africa youths prosperous, thereby stemming the tide of migration.

This goal, and theme of 2017 World Food Day, are well aligned with two of the AfDB’s High 5 development priorities – Feed Africa and Improve the quality of life for the people of Africa – said Jennifer Blanke, Vice-President, Agriculture, Human and Social Development at the AfDB.

“A thriving business sector in Africa will provide the jobs and returns that will attract and retain Africa’s best talent on the continent, while improving the quality of life of all Africans,” she said.

With more than 70% of Africans depending on agriculture for their livelihoods, it is imperative for the sector’s full potential to be unlocked, and by doing so help to vastly improve the lives Africans.

Accordingly, one of the goals of Feed Africa is to eliminate hunger and malnutrition by 2025.

Due to the finite nature of mineral resources such as gold, diamonds, crude oil, among others, African countries must diversify their economies. This cannot be done without a significant emphasis on agriculture given that the great majority of Africans depend on it for their livelihoods.

Increased food demand and changing consumption habits driven by demographic factors such as urbanization (internal migration) are leading to rapidly rising net food imports, which will grow from US $35 billion in 2015 to over US $110 billion by 2025 if trends are left unchecked.

Zimbabwe:Govt Endorses U.S.$25 Million Mortgages

By Enacy Mapakame

The National Social Security Authority (NSSA) has underwritten $25 million mortgages through its banking unit, the National Building Society (NBS). NSSA regional contributions, collections and compliance manager Agnes Chikwavaire told a bankers conference in Nyanga recently that apart from the various projects the authority has funded so far, there were many other projects in the pipeline targeting low to medium income earners.

“There are many housing projects in the pipeline. We expect to bring at least 1 000 new houses on the market by December 2017,” said Mrs Chikwavaire.

As part of their contribution to the budding small to medium enterprises, Mrs Chikwavaire said the authority was also considering developing an SME park for small businesses to market their products and services. Apart from financial constraints, one of the major challenges affecting the SME sector is infrastructure deficiencies and NSSA’s intentions are to bridge the gap.

This also comes as property firms have of late bemoaned high voids in commercial properties especially in the central business district as established companies downsize operations, close or relocate to cheaper alternatives. As a result, some property firms have resorted to remodelling their businesses to cater for the SME sector.

“Plans for an SME park are being considered,” said Mrs Chikwavaire adding this would also help attract SMEs to operate within the formal confines of business. Investing in assets that resonate with the needs of informal sector workers can be used as one way to attract the informal sector and contribute to the general development of Zimbabwe. Infrastructure development has become part of the investment strategies of institutional investors across the globe and has yielded considerable profits.”

NSSA has done several property development projects among them the Glaudina housing project in Harare, Rusike in Marondera, Gimboki in Mutare, Runyararo West in Masvingo and Lower Rangemore in Bulawayo. This is in addition to office parks in Harare and shopping malls in Chipinge, Bindura, Mutare and Gwanda.

Zimbabwe

10 Times Grace Mugabe Came Out Guns Blazing Against VP Mnangagwa

First Lady Grace Mugabe’s entry into the political fray has created a mixture of excitement, anxiety and consternation… Read more »

Subscribe To Our Mailing List

* indicates required
/ ( mm / dd )

Featured Links

    Search Archive

    Search by Date
    Search by Category
    Search with Google
    Log in | Designed by Gabfire themes