In January, my colleagues and I at MSF, a medical humanitarian organisation, were struck by the reality of Cabo Delgado, a province in the north of Mozambique, which has been affected by a conflict since 2017. The father of Matilde, one of our colleagues, was beheaded in an attack while working the land in a village in northern Macomia, a city in the province. Matilde and her family had the heartbreaking and dangerous task of collecting his remains so they could bury him with dignity.
A week later, the son of another colleague, Salvador, died of diarrhoea in Cuamba, a city in Niassa Province. He was only 20 months old. The conditions of the health centres are extremely poor and accessing services is often a nightmare. The lack of care for civilians in Cabo Delgado is shocking, as is their vulnerability to the atrocities of the ongoing conflict.
After more than 3,500 deaths, and the emergence of hundreds of thousands of displaced people, the war drags on. Since the end of January, about 15,000 people have been forcibly displaced only in the district of Meluco and many others have faced the same fate in different areas of the province; hundreds of houses have been burned to the ground, crops stolen and we still do not know the exact number of people killed. Bodies are counted by the dozens.
The situation could be different if the designed for Cabo Delgado were also aimed at building strong communities
People arrive empty-handed after several days without eating, and our teams often have to provide something as basic as T-shirts and flip-flops, as well as other essential goods and food rations, at transit points where people arrive. These are the ones who reach a safer area, but others remain for long periods hidden in the undergrowth. We have seen people who spent up to one year living in the forest surviving with the little they could find there such as leaves, fruits or an animal they hunted.
The day-to-day reality in Cabo Delgado shows that the crisis is far from over. In this region, the massive investment in gas and the community's desperate and helpless attempts to improve their situation come up against an absent state and frequent attacks by armed groups.
It is an issue that is not going to disappear overnight. This war has left 15,000 square kilometres in six districts of Cabo Delgado, once vibrant and animated, completely uninhabited. An expanse of territory, which is bigger than Jamaica or Gambia, where today no one lives, sows, harvests or fishes. Armed groups are, as people say here, "infernizando" (tormenting) communities. People are terrified and, from our own experience, it only takes the sound of a few gunshots or other indications of looming insecurity to empty an entire town in a matter of minutes.
People here are astonishingly resilient. They rebuild their homes at least a couple of times a year, most of them have been displaced multiple times. If it is not the war, extreme climate events force them from their homes. Up to eight tropical storms are expected this cyclone season. The first two ones, hitting the country in January and March, wreaked havoc in Nampula Province, south of Cabo Delgado. Facing this threat, people are vigilant, but remain unprotected.
Most families cannot even raise enough money to take a bus. Many young children have limited access to food and have never been to school, while 67 per cent of mothers have never had the opportunity to learn to read or write. A subsistence economy, where people work only to try and eat that day, is the norm. Many young people do not have jobs or education, leaving them vulnerable to recruitment into armed groups.
Is it a question of there being enough funds to solve the situation? There has been more than $760 million allocated by international institutions to Mozambique's North Integrated Development Agency, a government recovery fund created in 2020. Companies have also allocated funds to thousands of families living around the Afungi liquefied natural gas plant, near Palma, which was hit by violence in March 2021, and other neighbouring districts. The EU is in talks with the Mozambican government regarding further aid and co-operation. However, humanitarian aid funds, those dedicated specifically to addressing emergency needs, are much more modest. They are mostly limited to feeding people who have neither land nor work and fundamentally focused on the more stable areas.
But it is not only a matter of money; the situation could be different if the economic and political projects designed for Cabo Delgado were also aimed at building strong communities with a future. This is, unfortunately, not the case. And so, if the marginalisation of people does not stop, communities will remain insecure and vulnerable and the conflict will continue to cause immense suffering.
Our legal consultant
Name:Â Dr Hassan Mohsen Elhais
Position:Â legal consultant with Al Rowaad Advocates and Legal Consultants.
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20SupplyVan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2029%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20MRO%20and%20e-commerce%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
THE CARD
2pm: Maiden Dh 60,000 (Dirt) 1,400m
2.30pm: Handicap Dh 76,000 (D) 1,400m
3pm: Handicap Dh 64,000 (D) 1,200m
3.30pm: Shadwell Farm Conditions Dh 100,000 (D) 1,000m
4pm: Maiden Dh 60,000 (D) 1,000m
4.30pm: Handicap 64,000 (D) 1,950m
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
AT%20A%20GLANCE
%3Cp%3E%3Cstrong%3EWindfall%3C%2Fstrong%3E%3Cbr%3EAn%20%E2%80%9Cenergy%20profits%20levy%E2%80%9D%20to%20raise%20about%20%C2%A35%20billion%20in%20a%20year.%20The%20temporary%20one-off%20tax%20will%20hit%20oil%20and%20gas%20firms%20by%2025%20per%20cent%20on%20extraordinary%20profits.%20An%2080%20per%20cent%20investment%20allowance%20should%20calm%20Conservative%20nerves%20that%20the%20move%20will%20dent%20North%20Sea%20firms%E2%80%99%20investment%20to%20save%20them%2091p%20for%20every%20%C2%A31%20they%20spend.%3Cbr%3E%3Cstrong%3EA%20universal%20grant%3C%2Fstrong%3E%3Cbr%3EEnergy%20bills%20discount%2C%20which%20was%20effectively%20a%20%C2%A3200%20loan%2C%20has%20doubled%20to%20a%20%C2%A3400%20discount%20on%20bills%20for%20all%20households%20from%20October%20that%20will%20not%20need%20to%20be%20paid%20back.%3Cbr%3E%3Cstrong%3ETargeted%20measures%3C%2Fstrong%3E%3Cbr%3EMore%20than%20eight%20million%20of%20the%20lowest%20income%20households%20will%20receive%20a%20%C2%A3650%20one-off%20payment.%20It%20will%20apply%20to%20households%20on%20Universal%20Credit%2C%20Tax%20Credits%2C%20Pension%20Credit%20and%20legacy%20benefits.%3Cbr%3ESeparate%20one-off%20payments%20of%20%C2%A3300%20will%20go%20to%20pensioners%20and%20%C2%A3150%20for%20those%20receiving%20disability%20benefits.%3C%2Fp%3E%0A
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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.”