DUBAI // Although more than 50 people came forward to offer help to the Mwikamba family in Kenya after their sole breadwinner was killed in Dubai, aid has yet to reach them.
Esther Mwikamba, 26, was beaten into a coma outside the Crown Plaza hotel on Sheikh Zayed Road in February. She never recovered consciousness and died a month later.
Her assailant, a 24-year-old Emirati, was sentenced to four years in prison for assault and sexual harassment.
After Esther's family spoke to The National about their plight last month, the Kenyan Welfare Committee said it was flooded by calls. "The support has been overwhelming. We received more than 50 calls from people who want to help the family," said Mike Ogolla, secretary of Kenya Welfare Association.
Initially, the Kenyan Embassy in Abu Dhabi volunteered to act as a go-between and funnel donations to the Mwikamba family in Mombasa, but instead it handed over the responsibility to the Kenya Welfare Association. An embassy official explained: "Regulations are complicated in terms of donations in the UAE."
Mr Ogolla added: "We are not a registered society and cannot collect funds on our own so we passed on the phone number of the mother," he said.
Esther's sister Lucy Wanjiru said they received a few calls but help was yet to materialise. "We are trying to survive, but things are very difficult. My mother is not keeping well," she said.
The family, including Esther's mother, two sisters and a brother, sold everything they could and moved into a single, windowless room in Mombasa to pay for Esther's treatment, repatriation and burial.
Lucy has appealed for any assistance to help them tide over a difficult time. "It's been hard on us ever since Esther passed away. She used to send us money every month but there is no one now."
She says she is ready to relocate to Dubai if someone offers her a job. "I want to work and support my family," she said.
Her mother Hanna was previously employed in Kenya, but she has not been able to do anything since she suffered a stroke in Dubai at Esther's bedside.
Simply getting a day's food has become a challenge for them.
CP Matthew, co-founder of Valley of Love charity organisation which has raised money to repatriate deceased expatriates in the past, agreed the best way to help the Mwikambas was to deal directly with the family.
"There have been warnings issued by the Awqaf department from time to time on this matter," he said.
frahman@thenational.ae
For Hanna's bank account details, or to offer other forms of help to the family, contact Lucy directly on 00254 71 533 0538
The biog
Favourite book: Homegoing by Yaa Gyasi
Favourite holiday destination: Spain
Favourite film: Bohemian Rhapsody
Favourite place to visit in the UAE: The beach or Satwa
Children: Stepdaughter Tyler 27, daughter Quito 22 and son Dali 19
TWISTERS
Director: Lee Isaac Chung
Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos
Rating: 2.5/5
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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.”
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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