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BLANTYRE-(MaraviPost)-Ethanol distiller, Ethanol Company Limited (EthCo), a subsidiary of conglomerate Press Corporation plc, has donated K5 million to the Presidential Charity Golf tournament scheduled for October 21, in Lilongwe.
Presenting the cheque in Lilongwe, EthCo Chief Executive Officer Lusubilo Chakaniza said they felt compelled to donate to the presidential charity event because of its intentions.
“EthCo has always been committed to supporting initiatives that promote social welfare and community development. The Presidential Charity Golf Tournament is a remarkable event that not only brings together individuals passionate about golf but also raises substantial funds for charitable causes.”
“We are proud to be a part of this event and recognize the importance of giving back to the community. It is not just about the game of golf but also about making a meaningful difference in the lives of those in need. EthCo remains committed to being a responsible corporate citizen, and we look forward to more opportunities to support initiatives like this in the future,” said Chakaniza.
“Our K5 million contribution is a small but heartfelt gesture from EthCo. We believe that every bit counts, and when combined with the support of other generous contributors, it can create a substantial impact.”
“It is our hope that this contribution will help the Presidential Charity Golf Tournament in its mission to support various charitable organizations and causes, and ultimately make a positive change in our society,” added Chakaniza.
Receiving the donation, the Chairperson of the fundraising subcommittee of the Presidential Charity Golf, Boyd Luwe thanked EthCo for the donation saying it will go a long way in making the event a success.
“We appreciate the gesture and donation from EthCo. This will help us realize our target to help Cyclone Freddy victims and also help needy university students who lack fees and upkeep. We aim to raise MK 400 000 000 this year from the golf event so that we can cover more beneficiaries,” said Luwe.
Luwe also highlighted the fact that this is an annual event and urged the Ethco and other private sector players to continue supporting charity initiatives in future.
President Lazarus Chakwera and Vice President Saulos Chilima are expected to take part in the charity golf tournament at Lilongwe Golf Club on Saturday 21, October 2023.
African Development Bank Director-General for Central Africa Serge N’Guessan and his deputy Solomane Koné, the Bank’s Manager for DR Congo, actively participated in the Forum with other Bank officials. Source African Development Bank Group
Heads of multilateral development banks (MDBs) attending this year’s IMF/World Bank Annual Meetings in Morocco have pledged to strengthen their individual and collaborative actions to accelerate inclusive socioeconomic development. Source African Development Bank Group
The world faces a global “polycrisis” affecting human and economic development at an unprecedented scale. Progress towards the Sustainable Development Goals (SDGs) has been painfully slow. For many countries, that progress has stalled or reversed, while the climate emergency is felt in intensifying force around the… Source African Development Bank Group
The African Development Bank Group, on 13 October 2023 announces the conclusion of a negotiated settlement agreement with Unik Construction Engineering (Pty) Limited, thus putting an end to sanctions proceedings for a corrupt practice against Unik Construction Engineering (Pty) Limited. Source African Development Bank Group
LAGOS, Nigeria, 12 October 2023 -/African Media Agency(AMA)/- The quest for a reliable telecommunications infrastructure for the players in West Africa’s industry to deliver essential services and products in an interdependent ecosystem was the focus of discussion at the maiden edition of the West Africa telecoms Infrastructure Summit and Exhibition (WATISE).
The event, which has as its theme: ‘The Future of Infrastructure, Connectivity And Services: A New Interdependent Ecosystem of Partners’ was hosted by TechnologyMirror, an ICT and Telecoms news website with support from the Nigerian Communications Commission (NCC) and IHS Towers Nigeria.
In the lead presentation with the topic: ‘Telecoms Infrastructure Challenges: The Pains of Inter-Related Players of the Ecosystem and the Consumers’ Ques’t, Engr Spencer Itive, a telecoms engineer and Chief Executive Officer of RS Engineering Global Limited, harped on the need for Government in the region to pay close attention to the protection of telecoms infrastructure for the region’s digital economy quest to be achieved.
According to him, Government had been paying lip services to the declaration of telecom infrastructure as critical national stressing that the lack of commitment from the Government has led to a consistent attack on telecoms infrastructure across the country.
“We are yet to see the commitment of the government in protecting telecom infrastructure and this is why every community sees the deployment as a favour to the telecom operators,” he said.
Itive said a complex tapestry of partnerships now weaves together telecom companies, technology giants, governments, and a thriving ecosystem of startups noting that these partnerships would redefine the boundaries of what is possible in telecommunications.
On the future of infrastructure connectivity, he said all stakeholders in the telecoms sector had to understand that no single entity could meet the multifaceted demands of the digital age in isolation.
Speaking in the second presentation, with the topic: ‘Infrastructure Gap: Leveraging Connectivity and Technology to Transform Enterprise and Social-Economic Life in West Africa’, Rachael Orumor, Chief Executive Officer, Sens Orbit Nigeria said that over 20 million businesses across Africa use technology to interact with their clients and potential customers.
Orumor who is based in the Republic Benin, said that the factors that are driving digital transformation in West Africa is the increasing investment in infrastructure, growing awareness of the benefits of technology and a supportive regulatory environment.
While delivering her paper virtually, she noted that there was limited access to education, especially for people in rural areas, who do not have access to high-speed internet or reliable mobile service stressing the need for more attention for telecoms infrastructure in the region’s rural areas.
According to her, to leverage connectivity and technology to transform enterprise and socioeconomic life in West Africa, infrastructure investments must ensure the proper functioning of existing infrastructure while expanding telecommunications reach.
She said that lack reliable telecoms infrastructure reduces economic opportunities noting that many businesses now rely on online tools and platforms to operate, and workers who do not have access to these tools may be at a disadvantage.
During the panel discussion, Mr Mike Ofili, Chief Executive Officer of Coloplus, a tower infrastructure company, said that returns on investment in infrastructure could only be achieved in major cities where there were relative stability and a ready market.
He said the concentration of most telecoms infrastructure in major cities, was because of vandalism, insecurity, and high right-of-way (RoW) charges experienced across the country.
Ofili however, noted that RoW charges were also high in the major cities, especially, Lagos, but operators were able to sustain infrastructure deployment with higher returns from the state.
Speaking on the issues that prompted operators to slow down their expansion into rural areas, Ofili said most telcos had to pay so much to lay fibre cables.
“I can tell you that 90 per cent of the data centres in Nigeria are in Lagos and I don’t know how you want to achieve 70 per cent broadband penetration in Nigeria with almost all the data centres in Lagos.
“It is very difficult to lay fibre cable across many communities in Nigeria, you cannot cross any community without paying different people”, he said.
” You cannot build towers without going through different communities of people demanding all kinds of things,” Ofili said.
LILONGWE-(MaraviPost)-The Electricity Supply Corporation of Malawi (ESCOM) has connected 48,000 households through the Malawi Electricity Access Project (MEAP) four months after its commencement.
Appearing before the Parliamentary Committee on Natural Resources on Thursday, October 12, 2023, ESCOM Senior Project Officer, Alex Kaitane said the project which started in June this year is expected to reach out to 70,000 households by December.
Kaitane said the project seeks to connect 180,00 customers in the next two years with the aim of increasing electricity access in the country.
He said the project requires customers to pay according to the Ministry of Energy policy.
“We are doing what we are guided for and we are charging people on policy issues,” said Kaitane.
On his part, Chairperson for the Committee, Welani Chilenga said the project is being implemented contrary to what the Parliament passed as it was supposed to be a nonconnection fee.
Chilenga said though the committee welcomes the idea of customers paying for the fee the ministry should seek authorization from Parliament.
“We would love that if they should follow what we discussed in parliament else ESCOM should pay back the loan meant for the project alone as customers are already paying for the connection fee,” said Chilenga.
He further said the committee recommended that the Ministry of Energy from using MK27 billion to buy solar gadgets instead the money should be channeled to Escom to increase the number of connections.
The project has the grid component, off-the-grid component, and technical support component which the Ministry of Energy is undertaking.
Climate finance by Multilateral Development Banks (MDBs) for low-income and middle-income economies reached a new record of $60.7 billion in 2022, up 46 percent compared to 2019 volumes, a new joint report by the MDBs has found. Source African Development Bank Group