A non-profit group, myAgro uses cell phone technology so farmers in Mali can buy agricultural supplies and training. Courtesy: Expo 2020 Dubai
A non-profit group, myAgro uses cell phone technology so farmers in Mali can buy agricultural supplies and training. Courtesy: Expo 2020 Dubai
A non-profit group, myAgro uses cell phone technology so farmers in Mali can buy agricultural supplies and training. Courtesy: Expo 2020 Dubai
A non-profit group, myAgro uses cell phone technology so farmers in Mali can buy agricultural supplies and training. Courtesy: Expo 2020 Dubai

Expo 2020 Dubai teams up with Gates Foundation to help refugees


Ramola Talwar Badam
  • English
  • Arabic

A Malaysian organisation that sells meals cooked by refugees, a group that supports farming communities in Africa and an education charity working in Lebanon and Jordan are being backed by Expo 2020 Dubai and the Bill and Melinda Gates Foundation.

The Expo and the foundation announced a partnership last week that will support grass-roots projects.

"The Bill and Melinda Gates Foundation has contributed funds, as well as expertise, best practices and technical assistance, to selected Expo Live grantees that have the ambition to improve the lives of people that face unimaginable challenges every day," Mohamed Al Ansaari, vice president of communications for Expo 2020 Dubai, told The ­National.

Expo Live is a global innovation programme managed by the world fair.

It provides funding and support to projects around the world that use creative ways to help people in need, with each group receiving a grant of up to $100,000 (Dh367,250).

One of the projects, PichaEats, sells meals cooked by refugee mothers living in poverty in Malaysia.

The group provides the women with an income by purchasing the food, repackaging it and arranging for the home-made meals to be delivered to customers.

With Expo funding, PichaEats can help more families and provide professional training for its chefs. Revenue is divided evenly between the women and the group, which uses its half to cover costs.

Mr Al Ansaari said the ­monthly payments allowed the ­women to send their children to school, pay rent or cover basic expenses.

Ling Sook Shian, co-founder of the project, said there were about 200,000 refugees in Malaysia and poverty forced many of the children to drop out of school.

The group aims to tackle inequality so the poor are not denied opportunities to advance.

PichaEats organises catering, buffets and food tasting experiences to highlight the stories of its chefs.

“That actually transforms them from refugees who are victims into entrepreneurs who are able to earn a living for themselves through their own hard work,” Ms Ling said.

“My biggest dream is that we can have a world where economy is shared, where when we progress, the communities also progress. My ultimate goal is to see more businesses transforming lives.”

Another of projects to receive a grant, myAgro, works with farming families in Mali, Senegal and Tanzania who live on less than $2 a day.

The group has helped 47,000 farmers invest in high-quality seeds, fertilisers and training to boost their harvest and income.

Farmers pay $1 to $10 in advance using a prepaid scratch card, similar to a prepaid mobile card, and myAgro purchases and delivers the tools to farmers in time for planting season.

“We provide them with an opportunity to buy quality seeds, fertilisers that they have up to six months to pay for ahead of time,” said Abdallahi Mohamed, who works with myAgro.

“This is eventually to solve the cash flow problem that low skill farmers encounter on the ground. There is no pressure, there is no loan involved.”

Closer to home, arts and education charity, Seenaryo, developed an app to help teachers educate refugee children in Lebanon and Jordan.

To cope with a million refugee children, new schools have opened but teachers require ideas and materials to keep pupils engaged.

The Seenaryo Playkit app contains teaching resources such as games, stories and songs.

“A teacher will be easily able to search for whatever topic they are teaching and find relevant games and songs to teach that in a student-centred and active way,” said Oscar Wood, co-director at the charity.

The projects are among 142 initiatives from 76 countries that Expo Live supports with guidance and funding.

Joe Cerrell, managing director of global policy and advocacy at the Bill and Melinda Gates Foundation, said the partnership would help people who were most in need.

“This initiative will help fund and develop innovative solutions from around the world that have the potential to save lives during an emergency or enable affected communities to rebuild better and safer, and become more resilient over the longer-term,” he said.

The foundation's Emergency Response Programme helps communities by sharing technical assistance with a focus on water, sanitation, health, agriculture and financial inclusion.

The National's picks

4.35pm: Tilal Al Khalediah
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7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


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Men's football draw

Group A: UAE, Spain, South Africa, Jamaica

Group B: Bangladesh, Serbia, Korea

Group C: Bharat, Denmark, Kenya, USA

Group D: Oman, Austria, Rwanda

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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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The biog

Prefers vegetables and fish to meat and would choose salad over pizza

Walks daily as part of regular exercise routine 

France is her favourite country to visit

Has written books and manuals on women’s education, first aid and health for the family

Family: Husband, three sons and a daughter

Fathiya Nadhari's instructions to her children was to give back to the country

The children worked as young volunteers in social, education and health campaigns

Her motto is to never stop working for the country

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

UAE currency: the story behind the money in your pockets
The bio

Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Warlight,
Michael Ondaatje, Knopf 

Indian origin executives leading top technology firms

Sundar Pichai

Chief executive, Google and Alphabet

Satya Nadella

Chief executive, Microsoft

Ajaypal Singh Banga

President and chief executive, Mastercard

Shantanu Narayen

Chief executive, chairman, and president, Adobe

Indra Nooyi  

Board of directors, Amazon and former chief executive, PepsiCo

 

 

The five pillars of Islam
The biog:

From: Wimbledon, London, UK

Education: Medical doctor

Hobbies: Travelling, meeting new people and cultures 

Favourite animals: All of them