Sheikha Bodour Al Qasimi and Mamadou Toure speak about the Ubuntu Love Challenge. YouTube
Sheikha Bodour Al Qasimi and Mamadou Toure speak about the Ubuntu Love Challenge. YouTube
Sheikha Bodour Al Qasimi and Mamadou Toure speak about the Ubuntu Love Challenge. YouTube
Sheikha Bodour Al Qasimi and Mamadou Toure speak about the Ubuntu Love Challenge. YouTube

What is the Ubuntu Love Challenge? New online campaign hopes to become a global movement


Alexandra Chaves
  • English
  • Arabic

In African popular philosophy, the concept of Ubuntu can be summed up in a phrase: “I am because we are.” In other words, a person’s humanity is defined by their relationship with others.

Ubuntu is also at the core of a new online campaign by Sheikha Bodour bint Sultan Al Qasimi, founder of publishing company Kalimat Group, and philanthropist Mamadou Toure. Named the Ubuntu Love Challenge, it encourages people to share skills and knowledge to tackle global issues amid the coronavirus pandemic.

“The meaning of Ubuntu is that we are all connected and that we are all part of this global community … If something happens to one person, it not only affects the community, but the whole world,” Sheikha Bodour says in the promotional video for the challenge.

The Ubuntu Love Challenge is simple – participants should identify issues within their communities and find solutions for them. They can be small-scale and community-focused, ranging from delivering groceries to someone in need to volunteering to conduct online classes.

Participants record a video of themselves speaking about the experience, and then share the clip on social media with the hashtag #UbuntuLoveChallenge. They must then urge other people within their community to join.  

As the challenge brings in more voices and contributions, Sheikha Bodour and Toure hope it will become a “global movement” – one that will form a network of people to collaborate on projects for social good.

“It is going to be a global community of people who are digitally interconnected and work together to design solutions, leveraging on their skills, their knowledge, their network and their creativity to propose innovative solutions that will help address those global challenges and prepare humanity for the new world ahead,” Toure says in the video.

The challenge is in line with the ethos of non-profit activities that both organisers undertake. Sheikha Bodour  is also the founder of the Kalimat Foundation, which advocates for childhood literacy in the region. One of its initiatives included the donation of 2,000 books to children in the Zaatari refugee camp in Jordan. Toure is founder of the Africa 2.0 Foundation, which focuses on mentorship and advocating for the leadership of young people across Africa.

The two met at the World Economic Forum in January as part of the Forum of Young Global Leaders. They collaborated on the Ubuntu Love Challenge in April after Toure found himself unable to fly out of the UAE after the pandemic struck.

“I came for a business trip, and all of a sudden, all airports around the world shut down. I could not go back home. In those circumstances, that is where you look within and you trust your heart,” he says.

Speaking of the Covid-19 crisis, Sheikha Bodour says: "What I saw in front of my eyes was this loss of hope that was spreading like wildfire around the world … A global epidemic of hopelessness. People are losing jobs. The future is uncertain … We need to be prepared. We need to come up with a solution."

“Love over fear,” Tuore says. The phrase is also the tagline for the campaign.

A number of figures from around the world have already  participated in the Ubuntu Love Challenge. These include musicians Tyrese, Maxwell and Sons of Yusuf, and regional director of UN Women for West and Central Africa, Oulimata Sarr.

Prominent figures in the UAE community have also joined. In a video, Marwan Al Sarkal, executive chairman of Sharjah investment authority Shurooq, used the challenge to highlight its efforts with start-up VeggiTech to deliver more than 6,000 kilograms of fresh vegetables to a 1,000 families in need in the emirate.  

Nawal Al Hosany, UAE representative to the International Renewable Energy Agency encouraged people to make environmentally friendly decisions in their everyday lives. She then shared her own ways to help and challenged others to do the same. “As we continue working from home, here is what we will do and hope you can join us. Turn off unused devices, recycle as much as you can, purchase and use energy-efficient devices … and don’t leave the tap running when you wash your hands. No matter how little, these acts can make a big difference.”

Other participants include radio host Hassan Ahmad, better known as Big Hass, whose challenge involved a small gesture. Ahmad, who has an autistic son, asked people to send words of compassion to parents of autistic children. “Say, ‘I see you. I see your struggle. Peace and blessings to you and your family.’ This means a lot,” he says in his video submission.

More information on the challenge is at UbuntuLoveChallenge.org

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Homeowners and tenants are allowed to list their properties for rental by registering through the Dubai Tourism website to obtain a permit.

Tenants also require a letter of no objection from their landlord before being allowed to list the property.

There is a cost of Dh1,590 before starting the process, with an additional licence fee of Dh300 per bedroom being rented in your home for the duration of the rental, which ranges from three months to a year.

Anyone hoping to list a property for rental must also provide a copy of their title deeds and Ejari, as well as their Emirates ID.

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Saturday

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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