$90bn boost to Africa’s economy

first_imgAFDB seeks to develop Africa’s infrastructure.(Image: Nasa ) MEDIA CONTACTS • Antoinette BatumubwiraAfrican Development Bank+216 71 10 39 00+216 71 35 19 33batumubwira@afdb.orgRELATED ARTICLES• Eassy to go live soon• Improved maize for Africa• Funding hope for Zim economy?• Light for Africa Bongani NkosiThe capital base of the African Development Bank (AFDB) is set to increase by 200%, giving the institution more capacity to meet the needs of countries on the continent, particularly low-income ones.The bank announced the plan by its funders to increase its capital base to US$90-billion on 24 April, following the 11th meeting of the Group Board of Governors Consultative Committee in Washington DC on 23 April – on the sidelines of the World Bank and International Monetary Fund spring meetings.A final decision on the increase is expected to be announced at the bank’s annual meeting in Abidjan, Côte d’Ivoire, which runs from 27 to 28 May. AFDB’s funders, which will finance the increase, include the 53 African nations and 24 other countries around the world.AFDB said the “substantial increase” will allow it to maintain a higher level of lending to African governments and the private sector. The increase comes against the backdrop of “overwhelming demand in all countries” for funding, it said.The waning global economic recession, which did not spare the continent, almost exhausted the bank’s funds. “In response to the financial crisis, the bank had front-loaded its commitments, put in place new instruments to facilitate trade, and restructured its portfolio,” the AFDB said in a statement.As a result of high funding demand, the bank had used its available resources more quickly than previously expected, it said.Softening impact on Africa“We acted decisively to limit the impact of the financial crisis and recession on Africa, said Donald Kaberuka, AFDB’s president. “Our response significantly helped Africa weather the storm of the crisis, but the massive increase in demand for financing has brought us close to our lending limits.”One of the more sizeable bailouts by the Tunis-based AFDB was made to Botswana in June 2009. The $1.5-billion budget support loan was intended to aid that Southern African country’s 2009/10 deficit, which was caused by the country’s GDP contraction after the price of diamonds and other commodities plummeted.AFDB has, however, predicted that Africa’s economy will grow steadily in 2010. In a recent report it projected growth of more than 4% and a combined GDP of about $1.5-trillion for this period.The economy of the Democratic Republic of Congo is expected to show the highest growth rate of about 11.8%, the bank said.Uganda received an AFDB loan worth $136.6-million on 12 April to go towards road upgrades and job creation projects in the East African country. Other recent beneficiaries are Burkina Faso, which was granted a loan of $38-million, and Togo, which received $36-million.‘Increase is historical’AFDB has described the 200% increase as historical. “I am delighted by this decision. This is a historic moment for us, and a signal of strong confidence in the bank,” Kaberuka noted.“With this capital increase we will be better able to meet the needs of African countries, including low-income countries, and help them return to the previous high rates of growth,” he added.AFDB’s boost weighs in slightly more than the $86-billion capital base increase from the World Bank, which was also announced after the meeting in Washington DC.The World Bank is also expected to assist Africa’s developing countries through lending schemes, such as the recently approved a $3.75-billion loan to Eskom, South Africa’s power utility.Hopefully, the loan will lead to a more sustainable supply of electricity here and help finance the coal-fired Medupi power station, being built in Limpopo, as well as the country’s first large wind- and concentrated solar-powered plants.last_img read more

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South African businesswomen making progress

first_imgWomen in the private sector have away to go to catch up with the progresstheir peers in the public sector have made. (Image: MediaClubSouthAfrica.com. For more free photos, visit the image library) MEDIA CONTACTS • Jeanette Hern  Partner, Grant Thornton Johannesburg  +27 11 322 4562 • Lesley Ann Foster  Masimanyane Women’s Support Centre  +27 43 743 9169 or +27 83 325 2497 RELATED ARTICLES • Empowerment for SA’s women• Women’s rights in SA to advance • Towards gender equality in SA • NGO fights for gender equality in SAShamin ChibbaSouth African women are making strides in the country’s private sector in terms of taking up senior positions, according to a recent international survey.The 2012 Grant Thornton International Business Report, which surveys trends in privately held businesses in 40 economies around the world, stated that 28% of senior management positions in South Africa were held by women.This is higher than the global average of 21%.Grant Thornton’s corporate finance head in Johannesburg, Jeanette Hern, said that this strong representation is indicative of the country’s progress towards gender equality.The percentage actually indicates an improvement from 27% last year. However, it falls just short of 2007’s figure of 29%.Creative ways to accommodate womenHern said, however, that more needs to be done for that figure to increase.“We need more innovative solutions in order to make a significant dent in the number of women still excluded from senior management,” she said.This includes finding more creative ways to accommodate women in the workplace. Hern said that just 39% of women surveyed in South Africa said that their businesses offer working conditions that accommodated flexible hours and alternative working locations.Also, the research found that women were not represented across a spectrum of management roles. Most were either human resource or finance directors.Just 8% of CEOs and 9% of COOs were women but according to Hern, this is an improvement from 2011, when only 3% of women held positions at these levels.Women have progressed, but can progress moreAccording to Masimanyane Women’s Support Centre’s executive director, Lesley Ann Foster, the exact number of women in leadership roles should be taken into consideration when analysing such statistics.Foster says that taken in context, the figures leave much room for improvement – but acknowledged that women have progressed in the past decade and they have occupied many senior positions, although not yet to a satisfactory degree.“Women make up 53% of the population so they should at least take up 50% of leadership positions but this is not happening,” she said.Foster was clear about the benefits that equality between men and women will have on society. She said that in a society where women are on an equal basis with men progress is quicker, the standard of living is higher and quality of life improves.“Women bring a lot of expertise and value to life,” she said. “If a woman works, the whole family and the community benefit. To be on par with men, women should receive decent work, decent pay.”Private sector must catch upFoster referred to studies done by the Businesswomen’s Association of South Africa (BWASA) in 2010, which stated that there are millions of women who are either unemployed or earn very little.The BWASA research indicates that 64% of women earned less than R1 000 per month, 80% earned less than R2 500 and more alarmingly, only 45% of women were employed. In addition, 53% of black women are currently unemployed.She also said that there are not enough women from previously disadvantaged backgrounds in leadership positions.BWASA East London’s chairperson, Lizelle Maurice, agreed with Foster’s sentiments, saying that while women have progressed tremendously in the public domain, with 47% being represented in government, they are still lagging within the private sector.When speaking of ways to ensure women are given a greater chance to participate within business, Maurice said: “Black economic empowerment status should also have a gender component.”last_img read more

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Video Gear: Quick and Easy 3-Point Lighting Bundles

first_imgFor more lighting and production tips and tricks, check out these articles.Lighting 101: A Quick Guide for Lighting FilmFilmmaking Tips: How to Create Dramatic LightingCinematography Tip: Lighting Your Production with the Inverse Square LawWorking with Both Low Key and High Key Lighting StylesPremiumBeat Lighting Archives Budget 3-Point SetupHere’s a pretty handy 3-point lighting bundle by Think Media: two softboxes and a small LED. For the softboxes, he recommends the StudioPRO 850W Auto Pop-up Softbox, along with the same NEEWER CN-160. He even gives some great examples of the lighting setup for optimal close-quarter Youtube-friendly content (like his video). The LED’s ceiling perch is also a great example of how to use a hair light creatively. Here’s the full build-out, which should come in between $150 to $200.StudioPRO Photo Studio 850W Auto Pop-up Softbox (2x)NEEWER CN-160 LEDPower Supply AdapterBike HookExtension CordCable Wire Clips If you need affordable 3-point lighting for your film or video project ASAP, these bundles can get the job done in a hurry.Cover image by Jeff Baumgart.Lighting doesn’t have to be scary. Yes, it means more setup time on set, but it also means that elements such as color temperature, white balance, and exposure become more critical — but they also are easier to control when you’re setting lights up yourself. Lighting setups vary from production to production, but a basic 3-point lighting setup is the industry standard for most single-subject situations.So, for those filmmakers and videographers looking grab some lights and get them set up as soon as possible, here are four ready-to-go bundles that won’t break the bank.$150 LED Light KitIn this online tutorial by DSLR Video Shooter, Caleb breaks down how you can use LEDs to put together a nifty, thrifty, and powerful lighting bundle. LEDs truly come in all shapes and sizes (more options below), but for a beginner-friendly set that doesn’t cost too much, Caleb recommends both the NEEWER CN-304 and the NEEWER CN-160. He also goes over what types of batteries, battery chargers, light stands, umbrellas, and diffusers you’ll need for a fully built-out set.NEEWER CN-304NEEWER CN-160BatteriesChargerLight StandsUmbrellasDiffuser $250 LED Light KitIn another segment, we see a slightly upgraded LED kit option. Unlike the $150 bundle (which only has two LEDs), this $250 build-out is a step up with the more powerful NEEWER CN-304 combined with two NEEWER CN-160s. He upgrades the bundle, which you can see in action above, with the same batteries and chargers. He also adds a mic stand (with clamps) to hang a diffusion cloth for a softer look. Here’s the full bundle:NEEWER CN-304NEEWER CN-160 (2x)BatteriesChargerLight StandsMic StandDiffusion Material $500 LED Light KitNow, if you have the budget, this tutorial showcases a much more powerful LED bundle that can compete with just about any pro setup. This setup uses higher quality (and more expensive) Aputure LEDs instead of the NEEWERs listed above. Caleb recommends the Aputure HR672S Kit combined with two Aputure H198s for your 3-point setup. These LEDs offer more control over color temperatures as well as greater brightness and better accessories. Similar to the other bundles, the rest of the build-out includes batteries, chargers, stands, and diffusers — plus some good tips on adding a mounted reflector.Aputure HR672S KitAputure H198 (2x)Battery Kit (2x)Light Stand Kit (3x)Reflector + Reflector Holder KitDiffuserslast_img read more

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The Deal You Are Offering Your Dream Client

first_imgEveryone wants a deal. You have to decide what kind of deal you want to give them.One deal that you might be interested in giving your prospective clients is a lower price. That is, after all, what they ask for when they ask for a deal. If that lower price doesn’t allow you to deliver the outcomes you promise, then it isn’t really a deal. There is no reason to offer a discount to win business if that discount robs you of the ability to execute.If dropping your price breaks your business strategy, then it’s a win-lose deal, with you on the losing end. If you don’t compete by having the lowest price, then discounting is one way you break your strategy. When you strip your company of the profit necessary to operate a high caring, high trust, high value creation strategy, the deal you are offering breaks your strategy, and over time, your competitive advantage.A better deal you might consider is to justify the investment necessary to produce the outcomes your dream client needs and to ensure you deliver those outcomes. You aren’t engaged with your prospective client around change because everything was perfect and they were producing the exact results they need. Look, if your dream client could get the results with their current investment, they’d already be producing those results.The deal you are offering is helping your dream client justify investing more to produce the better outcomes they need. The deal that your prospective client is getting includes the opportunity to work with someone who is willing to tell the truth about what it takes to produce those results, and who is willing to help them get the money they need from within their own company.The deal you are offering is having a partner who can see around corners, mitigate risk, help capitalize on opportunities, and who will be accountable for the outcomes they sell. The deal you are offering is trust and advice, and all the things that come with it, not a lower price.last_img read more

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Bangladeshis on tourist visa held for trading

first_imgThe police in southern Assam’s Hailakandi district have arrested three Bangladeshi nationals for trading on a tourist visa, while local NGOs have sought action against a Congress leader for renting out rooms to them.The trio — Mohammed Hafiz Molla, Ayar Ali and Mohammed Bablu Molla — had come from Bhulbari village in Bangladesh’s Gopalganj district more than a month ago. “They came on valid passports and visas as tourists for visiting relatives and places. We have taken them into custody not as illegal immigrants, but for engaging in the garment business for which they don’t have the necessary papers,” said Mohneesh Mishra, Superintendent of Police of Hailakandi District. The three were arrested on Monday. They would be sent to a court for judicial custody, police said. “We took action against them to discourage people who come on tourist visas from trading or doing business. After their judicial custody period is over, we will send them back to Bangladesh through the route they used to enter India,” Mr. Mishra said.Hailakandi-based organisations have sought action against Joynal Uddin Laskar, a retired block elementary education officer and a spokesperson of the district Congress unit who had rented out his house to the three Bangladeshis. The NGOs said a person of Mr. Laskar’s stature should have checked their credentials before accepting them as his tenants.last_img read more

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Italy clinch first points after 2-1 win over England

HP goes wooden with Envy at Computex 2019

first_img Computex 2019 Computex 2019 Share your voice Preview • HP Omen X: A battery-powered VR backpack for cutting the virtual cable Tags Laptops Desktops $1,199 HP strives for novel style with its Envy and Elite laptops CNET may get a commission from retail offers. Mentioned Above HP Omen X Compact Desktop May 30 • Alienware redesigns its thin gaming laptops and offers OLED One of the wood-veneered Envys. Sarah Tew/CNET Among HP’s blizzard of announcements at Computex 2019, a handful stand out from the run-of-the-mill refreshes. For sheer novelty, there’s the new Wood series option for its Envy laptops and convertibles, with wood veneers on the palm rests  and touchpad. They definitely add a little pizzazz to a metal body, though I’m not sure the touchpad is a good place for veneer. HP plans to start offering it in the fall but hasn’t announced pricing.HP EliteBook x2The Elite x2 G4, which allows you to detach the screen to use it as a tablet, wraps its body in leather. Sarah Tew/CNET And following up the splashy launch of the consumer Spectre Folio at the end of 2018, HP’s adapted the leather-clad design for its Microsoft Surface-competitor business detachable, the Elite x2 G4. The x2 also incorporates HP’s Sure View privacy screen technology.The Elite x2 G4 is slated to ship in August starting at $1,500.12-hp-nda-laptop-workstation-loriThe ZBook mobile workstation line debuts the 17-inch Dreamcolor display with a DCI-P3 gamut. Sarah Tew/CNET Less pretty but more practical, HP has updated its ZBook 15 and 17 mobile workstations with an option for a new 4K Dreamcolor display capable of the DCI-P3 gamut (Dreamcolor is HP’s color-controlled display system and has traditionally been Adobe RGB) as well as a configuration option for the new Nvidia Quadro RTX 5000 graphics processor. While the new mobile processor is in designed to fit in thinner systems, hopefully it will allow big systems like these ZBooks to attain improved battery life. HP Omen X Compact Desktop See it May 29 • The laptops of tomorrow will make us even more productive — and it’s terrifying May 29 • The outrageous computer cases of Computex 2019 • See All And if you needed another sign that there’s more enthusiasm for VR among commercial users than consumers, HP has rejiggered its VR backpack strategy: There’s no more Omen X Compact Desktop. Instead HP is merging its commercial line with the consumer line, dispensing with the “Omen X” gaming branding and going with the “HP VR Backpack” name and a lower-key design. It’s been refreshed with slight improvements to the harness — the battery packs sit higher now near the kidneys rather than on the hips — and battery swapping is a little quicker. You can use it with the new HP Reverb VR headset. Post a comment May 30 • Computex 2019: Every announcement you need to know reading • HP goes wooden with Envy at Computex 2019 0 19 Photos Virtual Reality HP Microsoft Nvidialast_img read more

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Sexy selfies by women linked to economic inequality

first_imgWomen tend to post sexy selfies online more in environments with greater economic inequality, rather than where they might be oppressed because of their gender.The findings, published in the journal Proceedings of the National Academy of Sciences (PNAS), suggest that women take sexy selfies to compete with peers and climb the social ladder.”The argument is usually that when you see sexualisation, you see disempowerment,” said lead author Khandis Blake from University of New South Wales (UNSW) Sydney in Australia. Also Read – Add new books to your shelf”What we found instead is that women are more likely to invest time and effort into posting sexy selfies online in places where economic inequality is rising, and not in places where men hold more societal power and gender inequality is rife,” Blake added. For the study, the team analysed tens of thousands of social media posts across 113 countries.They tracked posts where people had taken selfies and then noted those that they were tagged sexy, hot or similar. The researchers explained that income inequality increases competitiveness and status anxiety among people at all levels of the social hierarchy, making them sensitive to where they sit on the social ladder and wanting them to do better than others.”That income inequality is a big predictor of sexy selfies suggests that sexy selfies are a marker of social climbing among women that tracks economic incentives in the local environment,” Blake said.”Rightly or wrongly, in today’s environment, looking sexy can generate large returns, economically, socially, and personally,” she added. The researchers then found the exact same pattern in real-world.last_img read more

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Why Apples Video That Imagines a World Without Apps Makes Me Sad

first_img To open its Worldwide Developers Conference, Apple showed a video that imagines what the world would be like if people suddenly lost access to all the apps on their iPhones. In short: pure chaos.In the three-minute spot, people lose the ability to navigate roads and cause accidents, one crazed woman hands out selfies and a couple actually swap faces by visiting a plastic surgeon. Funny, right? The point of the video was to show that the world, and of course Apple, needs developers to make the little programs that now dominate our lives.But watching the video, I couldn’t help but feel that it’s a fairly accurate portrayal of our increasing dependence on our pocket computers. According to data from Pew Research Center, 77 percent of Americans own a smartphone, and seven in 10 are on social media. And if you think that this trend is just linked to millennials, think again: Nielsen found that people between the ages of 35 and 49 spend an average of six hours and 58 minutes a week on social media, compared with six hours and 19 minutes for 18- to 34-year-olds. Those over 50 only spend an average of four hours and nine minutes a week on social media.Related: Feeling Depressed? Stay Off Instagram and Watch YouTube Instead.A different study, by the Royal Society for Public Health, revealed that 91 percent of 16- to 24-year-olds use the internet for social networking, and found a connection between social media use and increased rates of anxiety, depression and poor sleep. It points out that rates of anxiety and depression have increased 70 percent in the past 25 years (which is longer than smartphones have been ubiquitous). The organization is calling for social media companies to introduce “heavy usage” warnings on their platforms.”Social media has been described as more addictive than cigarettes and alcohol, and is now so entrenched in the lives of young people that it is no longer possible to ignore it when talking about young people’s mental health issues,” RSPH Chief Executive Shirley Cramer said in a statement accompanying the findings.For many people, the smartphone in their hand is an extension of themselves. They just wouldn’t be them without it. And that’s what this Apple video brings to light.But if you find this video speaks to you on a deeper level, do yourself a favor and take a break from technology every once in a while. Turn your phone off, explore the world without any help and resist that urge to take a picture and share it. And hey, maybe learn to navigate with a map. Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Growing a business sometimes requires thinking outside the box. 3 min readcenter_img Register Now » June 6, 2017last_img read more

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She was one of the very best The industry remembers Mary Ogaki

first_img Posted by “She was one of the very best”: The industry remembers Mary Ogaki << Previous PostNext Post >> Friday, April 13, 2018 Travelweek Group center_img TORONTO — The sudden passing of much-loved industry veteran Mary Ogaki has prompted an outpouring of emotion from the many, many colleagues and friends who worked alongside Mary in this industry over the course of more than 30 years.Tributes and condolences have flooded Mary’s Facebook account, with stories and anecdotes from industry friendships that span more than three decades.Mary’s work on both the retail and supplier side of this industry, most recently as National Account Manager for Royal Caribbean, brought her in touch with thousands of travel industry colleagues across the country.Vicki Freed, Senior Vice President, Sales, Trade Support and Service, Royal Caribbean International, said Mary was one of the very best.“We are deeply saddened by Mary Ogaki’s sudden passing. Part of our Royal Caribbean International family for five years, Mary was an incredible woman, daughter and professional, touching everyone she met along the way,” said Freed.“She was a special and dedicated National Accounts Manager, one of the very best, with a passion and commitment that is so rare.More news:  AMResorts has a new Sr. Dir. of Cdn. Sales & Consortia Rel’ns“Together with many travel partners, branches and our team in Canada who worked with Mary, we’ll continue to admire and honour her with the heartwarming memories we have of her.“Our thoughts are with Mary’s family and friends during this difficult time.”Mary began her travel industry career in 1987 Meetings & Incentives at American Express, a position she held for 11 years.She made the move to Red Seal Tours as Regional Sales Manager, then headed to Encore Cruises as a DSM.In 2000 she landed at Sears Travel as Product Manager, Cruise and Tour. Four years later she took on the same role for Transat Distribution Canada and in 2008 she was appointed Manager, Groups & Special Programs for TDC.She returned to Encore Cruises in 2012 as Director of Sales and then in 2013 she took on her most recent position, as National Account Manager for Royal Caribbean.Mary was active in the industry at large as well. In 2005 she represented Canada as the first woman to sit on CLIA’s travel agent advisory board.More news:  Flights cancelled as British Airways hit by computer problem“Mary had great passion for what she did and was a true force to be reckoned with when she combined that passion with her innate logic and genuine willingness to help travel partners,” said Tim Morgan, most recently with TPI and now Managing Director of nigelkane. “I very much always appreciated her honesty and commitment to building the cruise business in Canada.”Travel Time – TPI Owner Lois Barbour added: “Mary had a unique ability to make everyone feel equally important both personally and professionally. She was knowledgeable and showed a genuine interest in helping agents succeed. Her warm smile and kind spirit will be missed in the travel industry, and I am sure also by anyone else who had the pleasure of knowing her.”The funeral will be a private service, for family only. Tags: People Sharelast_img read more

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