Nigerian student Iyunoluwa Ademola-Popoola was supposed to graduate last year from Ibadan University, widely regarded as the best higher education institution in Nigeria.
But when Covid-19 hit, even the prestigious centre of learning in one of Africa's most vibrant nations was not spared as the ensuing pandemic forced the closure of universities in Nigeria and around the world.
Ms Ademola-Popoola, a 21-year-old archaeology student, was one of the hundreds of millions of students stuck at home as the virus spread.
She is also a youth leader for the Global Partnership for Education, the UN-backed fund that works to transform education systems around the world.
Next week, the UK and Kenya will co-host the Global Education Summit in a drive to fully fund GPE and ensure it gets the $5 billion needed to support its work over the next five years. World leaders are urged to back GPE to help transform educations systems in the developing world.
“Fund education. Education really is the bedrock of every society. The more educated a society is, the more developed that society is,” Ms Ademola-Popoola says.
Last month, she returned to the classroom after months of virtual learning. In Nigeria, it was only the private, more technologically developed institutions that were able to provide some form of education during the pandemic.
“It was challenging initially,” she says. “We had been used to the physical interaction in classes.”
Even though Nigeria sometimes has to contend with electricity problems, she says she got used to online learning over time.
But she is delighted to be back and to see her fellow students, even if it is exam season.
“It’s been amazing. I missed the physical interaction," she says. "I think that, because we grew up learning physically, learning was a lot more difficult for us virtually.
“I think my physical classes I had last month were a lot more effective than the ones I had virtually.”
But Ms Ademola-Popoola has a wider message about education in Nigeria and its lack of inclusivity.
She says the system in Nigeria was already flawed but the virus has brought home how serious these issues are.
To help tackle the Covid and non-Covid-related education problems, she says government funding is vital. She also highlights Nigeria's gender imbalance, exacerbated, she says, by the pandemic with a disproportionate effect on girls' education.
“Things got really bad. The economy [was] really affected, things really got expensive. So it’s been difficult for many students to be able to afford basic things.”
She says that many were at risk of dropping out because of the economic effects, while more women were married off for financial purposes and domestic violence rose.
Unicef has said that Covid meant millions more girls were at risk of child marriage – whether it be from school closures, economic fallout, parental deaths and more.
“Girls who marry in childhood face immediate and lifelong consequences. They are more likely to experience domestic violence and less likely to remain in school,” the UN’s children’s agency said earlier this year.
Ms Ademola-Popoola volunteers for OneAfricanChild, an NGO that supports disadvantaged community children, and despite her campaign for a more inclusive education system in Nigeria, any progress made was reversed by the pandemic.
She says females are at greater risk of dropping out of education, while disabled children are also affected.
“Evenc, typically, under the normal system without Covid, the education … wasn’t particularly inclusive for disabled children and girls. With the Covid pandemic, it got worse,” she says.
French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
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Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
PROFILE
Name: Enhance Fitness
Year started: 2018
Based: UAE
Employees: 200
Amount raised: $3m
Investors: Global Ventures and angel investors
MATCH INFO
Barcelona 4 (Messi 23' pen, 45 1', 48', Busquets 85')
Celta Vigo 1 (Olaza 42')
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.”
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
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UAE currency: the story behind the money in your pockets
KEY%20DATES%20IN%20AMAZON'S%20HISTORY
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
The drill
Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.
Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”
Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”
Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.”
UJDA CHAMAN
Produced: Panorama Studios International
Directed: Abhishek Pathak
Cast: Sunny Singh, Maanvi Gagroo, Grusha Kapoor, Saurabh Shukla
Rating: 3.5 /5 stars
More from Neighbourhood Watch:
UAE currency: the story behind the money in your pockets
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New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
Kathryn Hawkes of House of Hawkes on being a good guest (because we’ve all had bad ones)
- Arrive with a thank you gift, or make sure you have one for your host by the time you leave.
- Offer to buy groceries, cook them a meal or take your hosts out for dinner.
- Help out around the house.
- Entertain yourself so that your hosts don’t feel that they constantly need to.
- Leave no trace of your stay – if you’ve borrowed a book, return it to where you found it.
- Offer to strip the bed before you go.